# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001410368-25-043459
**Filing Date:** 2025-12
**Character Count:** 2575129
**Document Hash:** 48ec2246ac89728980f6cb4a5f3a2de6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043459.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043459

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust II
- **CENTRAL INDEX KEY:** 0001804196

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23511
- **FILM NUMBER:** 251606908

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### iShares Flexible Income Active ETF (Series ID: S000080411)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000242803 | iShares Flexible Income Active ETF |  |

## Nport-Ex

October 31, 2025

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

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

---

| |
|:---|
| **BlackRock ETF Trust II** |
| • iShares Flexible Income Active ETF \| BINC \| NYSE Arca |

---

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

October 31, 2025

**iShares Flexible Income Active 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* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; 1988 CLO 2 Ltd., 5.10%, 04/15/38, (3-mo. <br> CME Term SOFR +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,545 | $3548999 |
| &nbsp;&nbsp;&nbsp; 1988 CLO 5 Ltd., 5.44%, 07/15/37, (3-mo. <br> CME Term SOFR +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4012459 |
| 522 Funding CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 04/15/35, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,250 | 3252601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 10/20/31, (3-mo. CME Term SOFR <br> +2.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 10/23/34, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,010 | 3012341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 10/20/31, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD476 | 475671 |
| &nbsp;&nbsp;&nbsp; 720 East CLO Ltd., 5.21%, 01/20/38, (3-mo. <br> CME Term SOFR +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,755 | 2761429 |
| &nbsp;&nbsp;&nbsp; 720 East CLO VII Ltd., 4.94%, <br> 04/20/37, (3-mo. CME Term SOFR <br> +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,500 | 4495823 |
| &nbsp;&nbsp;&nbsp; AB BSL CLO 2 Ltd., 5.27%, 04/15/34, (3-mo. <br> CME Term SOFR +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1500750 |
| &nbsp;&nbsp;&nbsp; AB BSL CLO 3 Ltd., 5.13%, 04/20/38, (3-mo. <br> CME Term SOFR +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,480 | 2482750 |
| &nbsp;&nbsp;&nbsp; AB Carval Euro CLO II-C DAC, 5.79%, <br> 02/15/37, (3-mo. EURIBOR + 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR730 | 844621 |
| &nbsp;&nbsp;&nbsp; ACE Securities Corp. Home Equity Loan <br> Trust, 4.80%, 08/25/35, (1-mo. CME Term <br> SOFR +0.80%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,790 | 1583443 |
| &nbsp;&nbsp;&nbsp; ACREC LLC, 5.34%, 08/18/42, (1-mo. CME <br> Term SOFR +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 4980835 |
| &nbsp;&nbsp;&nbsp; ACRES LLC, 5.65%, 08/18/40, (1-mo. CME <br> Term SOFR +1.62%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,290 | 7289700 |
| Affirm Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.61%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,731 | 2739948 |
| &nbsp;&nbsp;&nbsp; 4.62%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,287 | 4294837 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD563 | 564571 |
| &nbsp;&nbsp;&nbsp; 5.34%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,591 | 1591973 |
| &nbsp;&nbsp;&nbsp; 5.08%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,828 | 3835978 |
| Affirm Master Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.99%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,756 | 5796107 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,418 | 3425979 |
| Affirm Master Trust Series, 4.45%, 10/16/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11,330 | 11299356 |
| &nbsp;&nbsp;&nbsp; AGL CLO 12 Ltd., 5.31%, 07/20/34, (3-mo. <br> CME Term SOFR +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,106 | 3106331 |
| &nbsp;&nbsp;&nbsp; AGL CLO 28 Ltd., 5.57%, 01/21/37, (3-mo. <br> CME Term SOFR +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1003327 |
| &nbsp;&nbsp;&nbsp; AGL CLO 30 Ltd., 7.32%, 04/21/37, (3-mo. <br> CME Term SOFR +3.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD400 | 402889 |
| &nbsp;&nbsp;&nbsp; AGL CLO 33 Ltd., 6.67%, 07/21/37, (3-mo. <br> CME Term SOFR +2.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,300 | 1304148 |
| &nbsp;&nbsp;&nbsp; AGL CLO 35 Ltd., 5.21%, 01/21/38, (3-mo. <br> CME Term SOFR +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002617 |
| AGL CLO 39 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 04/20/38, (3-mo. CME Term SOFR <br> +2.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2000791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 04/20/38, (3-mo. CME Term SOFR <br> +4.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,300 | 1280335 |
| &nbsp;&nbsp;&nbsp; AGL CLO 6 Ltd., 5.16%, 04/20/38, (3-mo. <br> CME Term SOFR +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2003989 |
| &nbsp;&nbsp;&nbsp; AGL Core CLO 15 Ltd., 5.30%, <br> 01/20/35, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000867 |
| &nbsp;&nbsp;&nbsp; Aimco CLO, 5.89%, 04/16/37, (3-mo. CME <br> Term SOFR +2.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250803 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 11 Ltd., 5.53%, 07/17/37, (3-mo. <br> CME Term SOFR +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD550 | 551125 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Aimco CLO 14 Ltd., 5.14%, 10/20/38, (3-mo. <br> CME Term SOFR +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | $4004916 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 18 Ltd., 6.73%, 07/20/37, (3-mo. <br> CME Term SOFR +2.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002891 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 23 Ltd., 5.01%, 04/20/38, (3-mo. <br> CME Term SOFR +1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,250 | 1249252 |
| &nbsp;&nbsp;&nbsp; AMMC CLO 21 Ltd., 5.80%, 11/02/30, (3-mo. <br> CME Term SOFR +1.94%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD23 | 23460 |
| &nbsp;&nbsp;&nbsp; AMMC CLO 30 Ltd., 6.25%, 01/15/37, (3-mo. <br> CME Term SOFR +2.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000998 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 15 Ltd., 5.62%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005752 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 18 Ltd., 5.32%, <br> 04/15/34, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD350 | 350162 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 19 Ltd., 5.25%, <br> 10/15/38, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004687 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 21 Ltd., 4.93%, <br> 10/20/34, (3-mo. CME Term SOFR <br> +1.05%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,350 | 1349224 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital Clo 29 Ltd., 10.72%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +6.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,250 | 1270433 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 29 Ltd., 5.48%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4014253 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 31 Ltd., 5.16%, <br> 10/20/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 4996188 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 6 Ltd., 5.64%, <br> 07/22/38, (3-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,795 | 3803401 |
| &nbsp;&nbsp;&nbsp; Annisa CLO Ltd., 5.73%, 07/20/31, (3-mo. <br> CME Term SOFR +1.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD400 | 400825 |
| &nbsp;&nbsp;&nbsp; Apidos CLO LII Ltd., 5.01%, 04/20/38, (3-mo. <br> CME Term SOFR +1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1998678 |
| &nbsp;&nbsp;&nbsp; Apidos CLO LIII, 5.20%, 07/20/38, (3-mo. <br> CME Term SOFR +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005046 |
| Apidos Clo LIV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 10/20/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2014021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.07%, 10/20/38, (3-mo. CME Term SOFR <br> +3.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1505266 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XL Ltd., 5.25%, 07/15/37, (3-mo. <br> CME Term SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004630 |
| &nbsp;&nbsp;&nbsp; APIDOS CLO XLVIII Ltd., 5.30%, <br> 07/25/37, (3-mo. CME Term SOFR <br> +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD489 | 490379 |
| Apidos CLO XXIV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 10/20/30, (3-mo. CME Term SOFR <br> +1.21%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD71 | 70965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/20/30, (3-mo. CME Term SOFR <br> +1.61%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,500 | 4497750 |
| &nbsp;&nbsp;&nbsp; Apidos Clo XXV, 7.83%, 01/20/37, (3-mo. <br> CME Term SOFR +3.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1508838 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXV, 5.48%, 01/20/37, (3-mo. <br> CME Term SOFR +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501102 |
| Apidos CLO XXXII |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 01/20/33, (3-mo. CME Term SOFR <br> +1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,560 | 1559387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/20/33, (3-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD555 | 555551 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXIX Ltd., 5.40%, <br> 10/21/38, (3-mo. CME Term SOFR <br> +1.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | $2002435 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXV, 5.20%, 04/20/34, (3-mo. <br> CME Term SOFR +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,424 | 2424444 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXVII, 5.25%, 10/22/34, (3-mo. <br> CME Term SOFR +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,815 | 1816140 |
| &nbsp;&nbsp;&nbsp; Apidos Loan Fund Ltd., 6.83%, <br> 10/25/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,930 | 1933552 |
| &nbsp;&nbsp;&nbsp; Arbor Realty Collateralized Loan Obligation <br> Ltd., 5.93%, 01/20/41, (1-mo. CME Term <br> SOFR +1.93%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,424 | 7424697 |
| &nbsp;&nbsp;&nbsp; Arbor Realty Commercial Real Estate <br> Notes LLC, 5.39%, 01/20/43, (1-mo. CME <br> Term SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,313 | 7313967 |
| &nbsp;&nbsp;&nbsp; Arbour CLO VI DAC, 5.24%, 11/15/37, (3-mo. <br> EURIBOR + 3.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,150 | 1322867 |
| &nbsp;&nbsp;&nbsp; Arbour Clo XI DAC, 5.84%, 05/15/38, (3-mo. <br> EURIBOR + 3.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR800 | 923397 |
| &nbsp;&nbsp;&nbsp; Arcano Euro Clo II DAC, 5.27%, <br> 07/25/39, (3-mo. EURIBOR + 3.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1154545 |
| AREIT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 05/17/41, (1-mo. CME Term SOFR <br> +1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,120 | 2119804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 12/17/29, (1-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,146 | 10145232 |
| &nbsp;&nbsp;&nbsp; AREIT Trust, 6.14%, 08/17/41, (1-mo. CME <br> Term SOFR +2.11%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD227 | 227046 |
| &nbsp;&nbsp;&nbsp; Ares LIV CLO Ltd., 5.21%, 07/15/38, (3-mo. <br> CME Term SOFR +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004534 |
| &nbsp;&nbsp;&nbsp; Ares Loan Funding IV Ltd., 6.65%, <br> 10/15/38, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1004492 |
| &nbsp;&nbsp;&nbsp; ARES LX CLO Ltd., 5.06%, 07/18/34, (3-mo. <br> CME Term SOFR +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,000 | 9999878 |
| &nbsp;&nbsp;&nbsp; Ares LXVI CLO Ltd., 5.33%, 10/25/38, (3-mo. <br> CME Term SOFR +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5006866 |
| ARI Fleet Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.41%, 02/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD71 | 70836 |
| &nbsp;&nbsp;&nbsp; 5.30%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,125 | 1132009 |
| &nbsp;&nbsp;&nbsp; 5.69%, 02/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,288 | 2322364 |
| &nbsp;&nbsp;&nbsp; 6.03%, 02/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,492 | 2537913 |
| &nbsp;&nbsp;&nbsp; 5.16%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD829 | 842174 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD469 | 478064 |
| &nbsp;&nbsp;&nbsp; Arini European CLO IV DAC, 5.53%, <br> 01/15/38, (3-mo. EURIBOR + 3.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,660 | 1923663 |
| &nbsp;&nbsp;&nbsp; Arini European CLO V DAC, 4.83%, <br> 01/15/39, (3-mo. EURIBOR + 2.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,560 | 1791675 |
| Asimi Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 09/16/31, (1-day SONIA + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP84 | 110149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 05/16/32, (1-day SONIA + <br> 0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP362 | 477363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 05/16/32, (1-day SONIA + <br> 1.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP148 | 195164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/16/32, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP189 | 248254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/16/32, (1-day SONIA + <br> 2.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP79 | 103862 |
| &nbsp;&nbsp;&nbsp; Asset-Backed European Securitisation <br> Transaction Twenty-Five SRL<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.39%, 11/15/39, (1-mo. EURIBOR + <br> 2.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR92 | 107047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 11/15/39, (1-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR130 | 150372 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 11/15/39, (1-mo. EURIBOR + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR92 | $106587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.89%, 11/15/39, (1-mo. EURIBOR + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR119 | 137871 |
| &nbsp;&nbsp;&nbsp; Asset-Backed European Securitisation <br> Transaction Twenty-Four SRL<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 08/16/40<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,352 | 3863683 |
| &nbsp;&nbsp;&nbsp; 1.00%, 08/16/40<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,875 | 9077119 |
| &nbsp;&nbsp;&nbsp; 1.00%, 08/16/40<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR525 | 605141 |
| &nbsp;&nbsp;&nbsp; 1.00%, 08/16/40<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR478 | 550967 |
| &nbsp;&nbsp;&nbsp; Asset-Backed European Securitisation <br> Transaction Twenty-Three SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 03/21/34, (1-mo. EURIBOR + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR92 | 106152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 03/21/34, (1-mo. EURIBOR + <br> 1.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR92 | 106295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 03/21/34, (1-mo. EURIBOR + <br> 2.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR92 | 106419 |
| &nbsp;&nbsp;&nbsp; 3.22%, 03/21/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR549 | 636710 |
| &nbsp;&nbsp;&nbsp; Assurant CLO II Ltd., 7.00%, 04/20/31, (3-mo. <br> CME Term SOFR +3.11%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1486404 |
| &nbsp;&nbsp;&nbsp; Atrium XV, 5.28%, 07/16/36, (3-mo. CME <br> Term SOFR +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002723 |
| &nbsp;&nbsp;&nbsp; Aurium CLO VII DAC, 5.28%, <br> 10/15/38, (3-mo. EURIBOR + 3.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR720 | 825583 |
| &nbsp;&nbsp;&nbsp; Aurium CLO XIII DAC, 4.81%, <br> 04/15/38, (3-mo. EURIBOR + 2.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,100 | 1258380 |
| Auto ABS Italian Stella Loans SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.09%, 12/29/36, (1-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR272 | 314405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 12/29/36, (1-mo. EURIBOR + <br> 0.73%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR628 | 724029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 12/29/36, (1-mo. EURIBOR + <br> 1.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR76 | 87573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 12/29/36, (1-mo. EURIBOR + <br> 2.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR76 | 87945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.86%, 12/28/40, (1-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR653 | 753871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.59%, 12/28/40, (1-mo. EURIBOR + <br> 0.73%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR926 | 1067567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.11%, 12/28/40, (1-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR163 | 187571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.76%, 12/28/40, (1-mo. EURIBOR + <br> 1.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115973 |
| Auto ABS Spanish Loans FT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.71%, 09/28/38, (1-mo. EURIBOR + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR755 | 873199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.16%, 09/28/38, (1-mo. EURIBOR + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR336 | 388432 |
| &nbsp;&nbsp;&nbsp; Auto1 Car Funding SARL, 2.59%, <br> 12/15/33, (1-mo. EURIBOR + 0.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR318 | 366875 |
| &nbsp;&nbsp;&nbsp; Auto1 Car Funding Sarl Compartment <br> FinanceHero 2<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 07/16/35, (1-mo. EURIBOR + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR98 | 112640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.74%, 07/16/35, (1-mo. EURIBOR + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR196 | 225035 |
| AutoNoria Spain FT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 04/30/43, (1-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR500 | 575931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 04/30/43, (1-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 04/30/43, (1-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114942 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 04/30/43, (1-mo. EURIBOR + <br> 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | $115392 |
| &nbsp;&nbsp;&nbsp; Avoca CLO XVIII DAC, 5.08%, <br> 01/15/38, (3-mo. EURIBOR + 3.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,170 | 1344940 |
| &nbsp;&nbsp;&nbsp; Avoca Static CLO I DAC, 4.93%, <br> 01/15/35, (3-mo. EURIBOR + 2.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR580 | 666702 |
| &nbsp;&nbsp;&nbsp; Bain Capital CLO Ltd. Series 2024-1A, <br> Class A1, 5.44%, 04/16/37, (3-mo. CME <br> Term SOFR +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002904 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/21/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 751743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/17/39, (3-mo. CME Term SOFR <br> +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5002500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 07/17/35, (3-mo. CME Term SOFR <br> +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,000 | 10001850 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 14 Ltd., 5.58%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001345 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 15 Ltd., 5.23%, <br> 01/15/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250604 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 17 Ltd., 5.30%, <br> 10/20/34, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250000 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 28 Ltd., 5.58%, <br> 01/20/38, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501576 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO Ltd., 5.13%, 10/25/38, (3-mo. <br> CME Term SOFR +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,420 | 1421347 |
| &nbsp;&nbsp;&nbsp; Bardot CLO Ltd., 4.84%, 10/22/32, (3-mo. <br> CME Term SOFR +0.98%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,056 | 1057086 |
| &nbsp;&nbsp;&nbsp; Barings Equipment Finance LLC, 5.02%, <br> 06/13/50<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,409 | 6627027 |
| &nbsp;&nbsp;&nbsp; Battalion CLO IX Ltd., 4.86%, <br> 07/15/31, (3-mo. CME Term SOFR <br> +0.96%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,294 | 4292898 |
| &nbsp;&nbsp;&nbsp; Battalion Clo XV Ltd., 4.86%, 01/17/33, (3-mo. <br> CME Term SOFR +0.98%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,217 | 4215504 |
| &nbsp;&nbsp;&nbsp; Bavarian Sky U.K. 6 PLC, 4.53%, <br> 06/20/32, (1-day SONIA + 0.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP706 | 927789 |
| &nbsp;&nbsp;&nbsp; Bayswater Park CLO Ltd., 5.61%, <br> 01/20/37, (3-mo. CME Term SOFR <br> +1.73%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,250 | 1254324 |
| &nbsp;&nbsp;&nbsp; BBAM U.S. CLO I Ltd., 5.10%, <br> 03/30/38, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,560 | 4565249 |
| &nbsp;&nbsp;&nbsp; BBAM U.S. CLO VI Ltd., 1.00%, <br> 01/27/39, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5000000 |
| Bbva Consumer Auto FT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 05/19/42, (3-mo. EURIBOR + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 05/19/42, (3-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 345414 |
| BDS LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 09/19/39, (1-mo. CME Term SOFR <br> +1.58%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,315 | 7314241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 10/17/42, (1-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,895 | 7886113 |
| &nbsp;&nbsp;&nbsp; Bear Mountain Park CLO Ltd., 7.00%, <br> 07/15/37, (3-mo. CME Term SOFR <br> +3.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2009182 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Asset Backed Securities I Trust, <br> 4.54%, 11/25/36, (1-mo. CME Term SOFR <br> +0.55%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,036 | 2079352 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners Clo 41 Ltd., 5.62%, <br> 07/25/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | $5008078 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO 42 Ltd., 5.37%, <br> 10/25/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5009693 |
| Benefit Street Partners CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 10/20/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5007418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 10/20/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 973465 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd., 5.06%, <br> 04/20/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000076 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO V-B Ltd., 5.41%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +1.53%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,340 | 3350208 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XVI Ltd., 6.58%, <br> 01/17/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 248874 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XVIII Ltd., 5.14%, <br> 10/15/38, (3-mo. CME Term SOFR <br> +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5004440 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XX Ltd., 5.19%, <br> 07/15/37, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250450 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXI Ltd. Series <br> 2020 21A, Class A1R, 5.34%, <br> 10/15/34, (3-mo. CME Term SOFR <br> +1.43%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 4999983 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners Clo XXII Ltd., 6.63%, <br> 04/20/35, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 997395 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXIII Ltd., 4.96%, <br> 04/25/34, (3-mo. CME Term SOFR <br> +1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 249892 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXIV Ltd., 4.94%, <br> 10/20/34, (3-mo. CME Term SOFR <br> +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 999103 |
| Benefit Street Partners CLO XXIX |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 01/25/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,750 | 7750000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.36%, 01/25/38, (3-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000746 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXVII Ltd., <br> 5.25%, 10/20/37, (3-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4010658 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXVIII Ltd., <br> 5.23%, 10/20/37, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002419 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXXIX Ltd., <br> 6.45%, 04/15/38, (3-mo. CME Term SOFR <br> +2.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,550 | 1553090 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXXV Ltd., <br> 7.16%, 04/25/37, (3-mo. CME Term SOFR <br> +3.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD375 | 376047 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXXVIII Ltd., <br> 5.17%, 01/25/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,172 | 9191720 |
| &nbsp;&nbsp;&nbsp; Bethpage Park CLO Ltd., 5.30%, <br> 01/15/35, (3-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000612 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 10 Ltd., 5.25%, <br> 01/22/38, (3-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD450 | 451128 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Birch Grove Clo 11 Ltd., 5.22%, <br> 01/22/38, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,650 | $1654682 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 2 Ltd., 7.03%, <br> 10/19/37, (3-mo. CME Term SOFR <br> +3.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1004994 |
| Birch Grove CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/19/38, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD19,000 | 19034466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 01/19/38, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 500232 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 4 Ltd., 5.38%, <br> 07/15/37, (3-mo. CME Term SOFR <br> +1.48%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1003404 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 6 Ltd., 5.75%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,540 | 6553777 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 7 Ltd., 5.14%, <br> 10/20/38, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD16,000 | 16023904 |
| Birch Grove CLO 8 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 04/20/37, (3-mo. CME Term SOFR <br> +1.63%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5019358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.58%, 04/20/37, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,200 | 2212208 |
| Blueberry Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.23%, 10/20/37, (3-mo. CME Term SOFR <br> +5.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 998241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.78%, 10/20/37, (3-mo. CME Term SOFR <br> +2.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001789 |
| BlueMountain CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/20/31, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD806 | 806766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 08/15/31, (3-mo. CME Term SOFR <br> +1.96%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 249775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/25/30, (3-mo. CME Term SOFR <br> +1.19%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,893 | 4892793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 10/25/30, (3-mo. CME Term SOFR <br> +1.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,650 | 1655023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 11/15/30, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,423 | 1423061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.91%, 11/15/30, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 08/15/31, (3-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,486 | 2486473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 04/20/30, (3-mo. CME Term SOFR <br> +0.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,000 | 6999889 |
| BlueMountain CLO XXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 07/15/31, (3-mo. CME Term SOFR <br> +1.76%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 249551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/31, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD297 | 296771 |
| &nbsp;&nbsp;&nbsp; BlueMountain CLO XXIV Ltd., 5.75%, <br> 04/20/34, (3-mo. CME Term SOFR <br> +1.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 249794 |
| &nbsp;&nbsp;&nbsp; BlueMountain CLO XXX Ltd., 5.05%, <br> 04/15/35, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,900 | 2900725 |
| &nbsp;&nbsp;&nbsp; BlueMountain Fuji U.S. CLO II Ltd., 5.15%, <br> 10/20/30, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD385 | 385551 |
| &nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, 5.55%, <br> 09/25/54<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,071 | 4090270 |
| &nbsp;&nbsp;&nbsp; Brex Commercial Charge Card Master Trust, <br> 6.05%, 07/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,549 | 2561972 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Bridge Street CLO VI Ltd., 1.00%, <br> 01/15/39, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | $4962560 |
| Brignole Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.69%, 02/24/42, (1-mo. EURIBOR + <br> 0.78%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR528 | 609058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.11%, 02/24/42, (1-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR90 | 104018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.91%, 02/24/42, (1-mo. EURIBOR + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR57 | 66564 |
| Bryant Park Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 01/18/38, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2505699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 01/18/38, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1502735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/38, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 04/15/38, (3-mo. CME Term SOFR <br> +2.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 749470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.85%, 04/15/38, (3-mo. CME Term SOFR <br> +3.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1503286 |
| &nbsp;&nbsp;&nbsp; BSPDF Issuer LLC, 5.56%, 12/15/42, (1-mo. <br> CME Term SOFR +1.52%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,217 | 8208495 |
| &nbsp;&nbsp;&nbsp; BXMT Ltd., 5.67%, 10/18/42, (1-mo. CME <br> Term SOFR +1.64%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD12,785 | 12728575 |
| &nbsp;&nbsp;&nbsp; Cabinteely Park CLO DAC, 5.39%, <br> 08/15/34, (3-mo. EURIBOR + 3.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR700 | 806838 |
| &nbsp;&nbsp;&nbsp; California Street CLO IX LP, 5.26%, <br> 07/16/32, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD673 | 673184 |
| Canyon Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 04/15/34, (3-mo. CME Term SOFR <br> +2.01%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 07/15/31, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD601 | 600752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 04/15/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,835 | 2835262 |
| Canyon CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 07/15/31, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD379 | 379368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/15/37, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250492 |
| &nbsp;&nbsp;&nbsp; Capital Four CLO VIII DAC, 5.32%, <br> 10/25/37, (3-mo. EURIBOR + 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,360 | 1568064 |
| &nbsp;&nbsp;&nbsp; Carbone CLO Ltd., 5.29%, 01/20/31, (3-mo. <br> CME Term SOFR +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD580 | 580210 |
| Cardiff Auto Receivables Securitisation PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/20/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP230 | 303699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.58%, 08/20/31, (1-day SONIA + <br> 2.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP175 | 231728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/20/31, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP381 | 502235 |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/20/31, (3-mo. CME Term SOFR <br> +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD350 | 349908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 05/15/31, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD411 | 410821 |
| Carlyle U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/20/34, (3-mo. CME Term SOFR <br> +1.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD580 | 580809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/21/37, (3-mo. CME Term SOFR <br> +1.78%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1003272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 04/20/37, (3-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,000 | 6018074 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 10/15/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | $3007434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 04/20/38, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,405 | 1404274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.73%, 04/20/37, (3-mo. CME Term SOFR <br> +3.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.73%, 07/20/37, (3-mo. CME Term SOFR <br> +2.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1761708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/15/38, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,750 | 2755546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.73%, 10/15/38, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3001790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/38, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5005515 |
| &nbsp;&nbsp;&nbsp; Carrington Mortgage Loan Trust, 4.54%, <br> 05/25/36, (1-mo. CME Term SOFR <br> +0.55%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,234 | 1076229 |
| &nbsp;&nbsp;&nbsp; CarVal CLO I Ltd., 5.12%, 07/16/31, (3-mo. <br> CME Term SOFR +1.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,566 | 1565805 |
| &nbsp;&nbsp;&nbsp; CarVal CLO II Ltd., 4.90%, 04/20/32, (3-mo. <br> CME Term SOFR +1.02%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD932 | 932124 |
| &nbsp;&nbsp;&nbsp; CarVal CLO IV Ltd., 5.18%, 03/31/38, (3-mo. <br> CME Term SOFR +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,000 | 9023146 |
| Cascade MH Asset Trust, 1.75%, 02/25/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD253 | 229669 |
| &nbsp;&nbsp;&nbsp; Cayuga Park CLO Ltd., 5.26%, <br> 07/17/34, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,110 | 3111080 |
| CBAM Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 01/20/34, (3-mo. CME Term SOFR <br> +2.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1998028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 10/17/38, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007323 |
| &nbsp;&nbsp;&nbsp; Cedar Funding V CLO Ltd., 5.24%, <br> 07/17/31, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD272 | 271642 |
| &nbsp;&nbsp;&nbsp; Cedar Funding VII CLO Ltd., 4.96%, <br> 01/20/31, (3-mo. CME Term SOFR <br> +1.08%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,617 | 3617369 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XI CLO Ltd., 5.26%, <br> 05/29/32, (3-mo. CME Term SOFR <br> +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,639 | 1639325 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XIV CLO Ltd., 5.28%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD550 | 551582 |
| Chesapeake Funding II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 45697 |
| &nbsp;&nbsp;&nbsp; 6.16%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD204 | 206655 |
| &nbsp;&nbsp;&nbsp; CIFC European Funding CLO II DAC, 5.03%, <br> 10/15/39, (3-mo. EURIBOR + 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,440 | 1659816 |
| &nbsp;&nbsp;&nbsp; Cifc Funding Ltd., 5.68%, 01/17/35, (3-mo. <br> CME Term SOFR +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004815 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 10/20/34, (3-mo. CME Term SOFR <br> +1.43%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,840 | 2841737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 04/20/34, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,750 | 2750851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 04/21/37, (3-mo. CME Term SOFR <br> + 1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD320 | 320972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 01/18/31, (3-mo. CME Term SOFR <br> +1.66%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 499963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 07/17/37, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,670 | 3678164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 07/16/37, (3-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,700 | 4716348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 07/25/37, (3-mo. CME Term SOFR <br> +1.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250751 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 07/23/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,250 | $2255341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.81%, 07/23/37, (3-mo. CME Term SOFR <br> +2.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,730 | 3747491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/15/36, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,745 | 2746672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 01/20/37, (3-mo. CME Term SOFR <br> +4.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2008980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/20/37, (3-mo. CME Term SOFR <br> + 1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,250 | 2256275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/20/37, (3-mo. CME Term SOFR <br> +1.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2507134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 10/15/34, (3-mo. CME Term SOFR <br> +1.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,370 | 1371501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 04/23/38, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 999495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.36%, 04/23/38, (3-mo. CME Term SOFR <br> +2.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2504730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 10/24/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 10/18/38, (3-mo. CME Term SOFR <br> +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,841 | 3846688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 10/18/38, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD640 | 640937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.78%, 10/18/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3001177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 10/17/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2002636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.74%, 10/17/38, (3-mo. CME Term SOFR <br> +2.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,450 | 4439334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.64%, 01/16/38, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,820 | 1826173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 10/15/38, (3-mo. CME Term SOFR <br> +1.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.79%, 10/15/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,440 | 3453747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.59%, 07/16/35, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,100 | 2100407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/17/35, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5004531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 10/20/38, (3-mo. CME Term SOFR <br> +1.21%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,560 | 7568429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/15/38, (3-mo. CME Term SOFR <br> +1.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 10/19/38, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5007448 |
| CIT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 10/25/37, (1-mo. CME Term SOFR <br> +1.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4007645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 10/25/37, (1-mo. CME Term SOFR <br> +1.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD942 | 928892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 10/25/37, (1-mo. CME Term SOFR <br> +1.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,321 | 3201780 |
| College Avenue Student Loans LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 07/26/55, (1-mo. CME Term SOFR <br> +1.01%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,012 | 1004119 |
| &nbsp;&nbsp;&nbsp; 3.06%, 07/26/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD72 | 67808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 06/25/52, (1-mo. CME Term SOFR <br> +0.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD770 | 763042 |
| &nbsp;&nbsp;&nbsp; 2.72%, 07/26/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD146 | 137122 |
| &nbsp;&nbsp;&nbsp; 1.60%, 07/25/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD318 | 292020 |
| &nbsp;&nbsp;&nbsp; Compartment Driver UK Ten, 4.97%, <br> 04/25/33, (1-day SONIA + 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP500 | 656521 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC, 4.93%, <br> 11/25/50<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,203 | 6203000 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC, 5.29%, <br> 07/25/50<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,205 | $5258355 |
| &nbsp;&nbsp;&nbsp; Concord Music Royalties LLC, 5.64%, <br> 10/20/74<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,013 | 1019601 |
| &nbsp;&nbsp;&nbsp; Contego CLO V DAC, 5.13%, <br> 10/15/37, (3-mo. EURIBOR + 3.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,560 | 1796842 |
| &nbsp;&nbsp;&nbsp; Contego CLO VII DAC, 5.49%, <br> 01/23/38, (3-mo. EURIBOR + 3.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,980 | 2271797 |
| &nbsp;&nbsp;&nbsp; Contego CLO XI DAC, 5.23%, <br> 11/20/38, (3-mo. EURIBOR + 3.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR850 | 975068 |
| &nbsp;&nbsp;&nbsp; Countrywide Asset-Backed Certificates Trust, <br> 4.48%, 06/25/37, (1-mo. CME Term SOFR <br> +0.49%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,155 | 2087247 |
| &nbsp;&nbsp;&nbsp; Credit-Based Asset Servicing and <br> Securitization LLC, 4.89%, 07/25/33, (1-mo. <br> CME Term SOFR +0.89%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,580 | 3588297 |
| &nbsp;&nbsp;&nbsp; Creeksource Dunes Creek CLO Ltd., 7.00%, <br> 01/15/38, (3-mo. CME Term SOFR <br> +3.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 251173 |
| &nbsp;&nbsp;&nbsp; Cross 2025-CES1 Mortgage Trust, 5.30%, <br> 11/25/60<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,244 | 4244078 |
| &nbsp;&nbsp;&nbsp; Crown City CLO I, 5.53%, 07/20/38, (3-mo. <br> CME Term SOFR +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,800 | 5813024 |
| &nbsp;&nbsp;&nbsp; Crown Point CLO 8 Ltd., 5.34%, <br> 10/20/34, (3-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250125 |
| &nbsp;&nbsp;&nbsp; Cumulus Static CLO DAC, 5.74%, <br> 11/15/33, (3-mo. EURIBOR + 3.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR333 | 384195 |
| &nbsp;&nbsp;&nbsp; CWABS Asset-Backed Certificates Trust, <br> 5.67%, 08/25/34<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,937 | 1743907 |
| &nbsp;&nbsp;&nbsp; CWHEQ Revolving Home Equity Loan Trust <br> Series, 4.29%, 07/15/36, (1-mo. CME Term <br> SOFR +0.25%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,172 | 1114832 |
| DB Master Finance LLC, 4.89%, 08/20/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,263 | 5276376 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 10 Ltd., 5.19%, <br> 04/20/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,250 | 2254084 |
| &nbsp;&nbsp;&nbsp; Diameter Capital Clo 2 Ltd., 10.05%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +6.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1514216 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 2 Ltd., 5.29%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3008346 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 3 Ltd., 5.23%, <br> 01/15/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3006898 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 4 Ltd., 5.73%, <br> 01/15/37, (3-mo. CME Term SOFR <br> +1.83%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,855 | 1859596 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 7 Ltd., 7.08%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +3.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1005689 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 9 Ltd., 5.05%, <br> 04/20/38, (3-mo. CME Term SOFR <br> +1.17%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,650 | 6646015 |
| &nbsp;&nbsp;&nbsp; Dilosk Rmbs No. 9 Dac, 2.75%, <br> 01/25/63, (3-mo. EURIBOR + 0.68%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR514 | 592070 |
| Dowson PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 08/20/31, (1-day SONIA + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP118 | 155357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.33%, 08/20/31, (1-day SONIA + <br> 2.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 130483 |
| &nbsp;&nbsp;&nbsp; 4.86%, 08/20/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP701 | 922444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 08/20/31, (1-day SONIA + <br> 1.25%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP665 | 875620 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.93%, 08/20/31, (1-day SONIA + <br> 3.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP500 | $653633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.93%, 08/20/31, (1-day SONIA + <br> 6.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP500 | 646997 |
| &nbsp;&nbsp;&nbsp; Dryden 115 CLO Ltd., 7.68%, <br> 04/18/37, (3-mo. CME Term SOFR <br> +3.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004638 |
| &nbsp;&nbsp;&nbsp; Dryden 121 CLO Ltd., 6.80%, <br> 01/15/37, (3-mo. CME Term SOFR <br> +2.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1004291 |
| &nbsp;&nbsp;&nbsp; Dryden 40 Senior Loan Fund, 5.36%, <br> 08/15/31, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,097 | 9096171 |
| &nbsp;&nbsp;&nbsp; Dryden 54 Senior Loan Fund, 5.03%, <br> 10/19/29, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD517 | 517477 |
| &nbsp;&nbsp;&nbsp; Dryden 60 CLO Ltd., 5.22%, 07/15/31, (3-mo. <br> CME Term SOFR +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD830 | 830389 |
| &nbsp;&nbsp;&nbsp; Dryden 64 CLO Ltd., 5.12%, 04/18/31, (3-mo. <br> CME Term SOFR +1.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD338 | 338358 |
| &nbsp;&nbsp;&nbsp; Dryden 72 CLO Ltd., 5.31%, 05/15/32, (3-mo. <br> CME Term SOFR +1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,824 | 1824546 |
| &nbsp;&nbsp;&nbsp; Dwight Issuer LLC, 5.69%, 06/18/42, (1-mo. <br> CME Term SOFR +1.66%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,570 | 1567392 |
| &nbsp;&nbsp;&nbsp; Eaton Vance CLO Ltd., 5.29%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD822 | 824319 |
| ECARAT DE SA Compartment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 02/25/37, (1-mo. EURIBOR + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 02/25/37, (1-mo. EURIBOR + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115115 |
| ECARAT DE SA Compartment Lease |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 05/25/34, (1-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 231234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 05/25/34, (1-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR500 | 576909 |
| Edenbrook Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 03/22/57, (1-day SONIA + <br> 1.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP144 | 191782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.54%, 03/22/57, (1-day SONIA + <br> 2.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP99 | 132589 |
| &nbsp;&nbsp;&nbsp; EDvestinU Private Education Loan Issue No. <br> 1 LLC, 3.58%, 11/25/38<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD43 | 42029 |
| &nbsp;&nbsp;&nbsp; Elevation CLO Ltd., 5.08%, 10/20/31, (3-mo. <br> CME Term SOFR +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2999458 |
| ELFI Graduate Loan Program LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.51%, 08/26/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD107 | 105480 |
| &nbsp;&nbsp;&nbsp; 6.37%, 02/04/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD304 | 319582 |
| &nbsp;&nbsp;&nbsp; 5.56%, 08/25/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,838 | 4932911 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 16 Ltd., 6.38%, <br> 04/20/37, (3-mo. CME Term SOFR <br> +2.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,250 | 1256893 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 19 Ltd., 5.15%, <br> 10/17/38, (3-mo. CME Term SOFR <br> +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4004000 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 24 Ltd., 5.20%, <br> 01/17/38, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,447 | 4456574 |
| Elmwood CLO 29 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/20/37, (3-mo. CME Term SOFR <br> +1.52%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,145 | 2151133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.28%, 04/20/37, (3-mo. CME Term SOFR <br> +6.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1502596 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 39 Ltd., 5.02%, <br> 04/17/38, (3-mo. CME Term SOFR <br> +1.14%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,250 | $5246992 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 41 Ltd., 10.29%, <br> 07/17/38, (3-mo. CME Term SOFR <br> +6.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3041275 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO II Ltd., 5.23%, 10/20/37, (3-mo. <br> CME Term SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 751810 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO III Ltd., 5.26%, <br> 07/18/37, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,500 | 9522389 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO IV Ltd., 5.73%, <br> 04/18/37, (3-mo. CME Term SOFR <br> +1.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1753524 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO VII Ltd., 5.24%, <br> 10/17/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002499 |
| Elmwood CLO XI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 01/20/38, (3-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,115 | 1115531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.58%, 01/20/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001992 |
| Empower CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 10/15/38, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5013095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 04/25/37, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,545 | 1550407 |
| Enterprise Fleet Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/20/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD192 | 192303 |
| &nbsp;&nbsp;&nbsp; 6.40%, 03/20/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD376 | 380614 |
| &nbsp;&nbsp;&nbsp; 5.23%, 03/20/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,051 | 1058508 |
| &nbsp;&nbsp;&nbsp; 5.51%, 01/22/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD532 | 532728 |
| &nbsp;&nbsp;&nbsp; Equity One Mortgage Pass-Through Trust, <br> 5.46%, 12/25/33<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD517 | 467217 |
| &nbsp;&nbsp;&nbsp; FACT SA, 2.97%, 09/22/31, (1-mo. EURIBOR <br> + 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 346697 |
| &nbsp;&nbsp;&nbsp; Fair Oaks Loan Funding III DAC, 5.01%, <br> 10/15/34, (3-mo. EURIBOR + 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,160 | 1335839 |
| FCT Noria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.02%, 07/25/43, (1-mo. EURIBOR + <br> 1.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 07/25/43, (1-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 07/25/43, (1-mo. EURIBOR + <br> 2.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.77%, 07/25/43, (1-mo. EURIBOR + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 344770 |
| Fidelity Grand Harbour CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 10/15/34, (3-mo. EURIBOR + <br> 3.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1155299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.11%, 04/15/38, (3-mo. EURIBOR + <br> 4.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 02/15/38, (3-mo. EURIBOR + <br> 2.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,040 | 2330931 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.06%, 09/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,127 | 6149936 |
| &nbsp;&nbsp;&nbsp; 5.83%, 01/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,059 | 5131527 |
| &nbsp;&nbsp;&nbsp; Finance Ireland Auto Receivables No. 2 DAC, <br> 2.82%, 11/14/34, (1-mo. EURIBOR + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR227 | 261543 |
| &nbsp;&nbsp;&nbsp; First Mobility Sarl - Compartment Swiss <br> Lease, 2.82%, 10/14/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 345795 |
| FirstKey Homes Trust, 5.00%, 05/19/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 492699 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 20 Ltd., 5.26%, 11/20/38, (3-mo. <br> CME Term SOFR +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4004277 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 21 Ltd., 5.24%, 10/19/37, (3-mo. <br> CME Term SOFR +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | $250624 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 23 LLC, 5.12%, 04/17/36, (3-mo. <br> CME Term SOFR + 1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,420 | 2423158 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 25 Ltd., 9.13%, 10/17/37, (3-mo. <br> CME Term SOFR +5.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD780 | 779577 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 28 Ltd., 4.98%, 07/15/36, (3-mo. <br> CME Term SOFR +1.08%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 999367 |
| Fondo de Titulizacion Santander Consumo 9 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.02%, 10/25/40, (3-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR400 | 460478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 10/25/40, (3-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.89%, 10/25/40, (3-mo. EURIBOR + <br> 4.87%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,200 | 1383030 |
| Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.27%, 05/17/27 | &nbsp;&nbsp;&nbsp; USD35 | 34975 |
| &nbsp;&nbsp;&nbsp; 5.28%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD166 | 171209 |
| &nbsp;&nbsp;&nbsp; 4.87%, 08/15/36<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,251 | 1278889 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust/Ford Credit, <br> 5.01%, 08/15/37<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,872 | 3954935 |
| &nbsp;&nbsp;&nbsp; Fort Greene Park CLO LLC, 8.26%, <br> 04/22/34, (3-mo. CME Term SOFR <br> +4.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 992128 |
| Fortuna Consumer Loan Abs DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.08%, 10/18/35, (1-mo. EURIBOR + <br> 1.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 10/18/35, (1-mo. EURIBOR + <br> 2.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.33%, 10/18/35, (1-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115099 |
| Fortuna Consumer Loan ABS DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 10/18/34, (1-mo. EURIBOR + <br> 0.72%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,300 | 2653815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.22%, 10/18/34, (1-mo. EURIBOR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 347500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 10/18/34, (1-mo. EURIBOR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 10/18/34, (1-mo. EURIBOR + <br> 4.10%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 351056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 04/18/35, (1-mo. <br> EURIBOR11%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR600 | 692764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 04/18/35, (1-mo. EURIBOR + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 231258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 04/18/35, (1-mo. EURIBOR + <br> 0.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,300 | 3806027 |
| Foundation Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.19%, 01/15/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD285 | 271671 |
| &nbsp;&nbsp;&nbsp; 6.53%, 06/15/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,707 | 1779237 |
| &nbsp;&nbsp;&nbsp; 4.60%, 03/15/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,987 | 2992893 |
| &nbsp;&nbsp;&nbsp; 4.93%, 03/15/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,152 | 4154701 |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,230 | 3263512 |
| &nbsp;&nbsp;&nbsp; 5.67%, 12/15/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,733 | 2797392 |
| &nbsp;&nbsp;&nbsp; 5.68%, 04/15/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD522 | 520803 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 10/19/39, (1-mo. CME Term SOFR <br> +1.63%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4011278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 08/19/42, (1-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,370 | 7364280 |
| &nbsp;&nbsp;&nbsp; FT Santander Consumer Spain Auto, 3.19%, <br> 09/17/43, (3-mo. EURIBOR + 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115565 |
| FTA Consumo Santander |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 07/20/38, (3-mo. EURIBOR + <br> 1.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR143 | 165096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 07/20/38, (3-mo. EURIBOR + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR143 | 165209 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Fulvia Spv Srl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.17%, 12/23/41, (3-mo. EURIBOR + <br> 1.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | $114882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 12/23/41, (3-mo. EURIBOR + <br> 0.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR717 | 826614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 12/23/41, (3-mo. EURIBOR + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR404 | 465328 |
| &nbsp;&nbsp;&nbsp; Galaxy 32 CLO Ltd., 8.18%, 10/20/36, (3-mo. <br> CME Term SOFR + 4.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1506430 |
| &nbsp;&nbsp;&nbsp; Galaxy 34 CLO Ltd., 5.78%, 10/20/37, (3-mo. <br> CME Term SOFR +1.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005513 |
| &nbsp;&nbsp;&nbsp; GAMMA Sociedade de Titularizacao <br> de Creditos<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.93%, 02/25/34, (3-mo. EURIBOR + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR729 | 841553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 10/25/35, (3-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 10/25/35, (3-mo. EURIBOR + <br> 2.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.24%, 10/25/35, (3-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 346590 |
| &nbsp;&nbsp;&nbsp; Generate CLO 12 Ltd., 5.61%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5011917 |
| &nbsp;&nbsp;&nbsp; Generate CLO 13 Ltd., 5.67%, <br> 01/20/37, (3-mo. CME Term SOFR <br> +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5011675 |
| &nbsp;&nbsp;&nbsp; Generate CLO 17 Ltd., 5.26%, <br> 10/22/37, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002394 |
| &nbsp;&nbsp;&nbsp; Generate CLO 20 Ltd., 5.16%, <br> 01/25/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,615 | 1618436 |
| &nbsp;&nbsp;&nbsp; Generate CLO 4 Ltd., 5.31%, 07/20/37, (3-mo. <br> CME Term SOFR +1.43%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,125 | 4136415 |
| &nbsp;&nbsp;&nbsp; Generate CLO 7 Ltd., 5.48%, 04/22/37, (3-mo. <br> CME Term SOFR +1.62%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501750 |
| &nbsp;&nbsp;&nbsp; Generate CLO 9 Ltd., 5.23%, 01/20/38, (3-mo. <br> CME Term SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4009006 |
| &nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust, <br> 4.52%, 03/11/37<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,400 | 2428314 |
| &nbsp;&nbsp;&nbsp; GMF Floorplan Owner Revolving Trust, <br> 5.83%, 06/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD188 | 193890 |
| Golden Bar Securitisation Srl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 12/20/44, (3-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR478 | 551984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 12/20/44, (3-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR165 | 189908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.93%, 12/20/44, (3-mo. EURIBOR + <br> 1.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116081 |
| Golden Bar Securitisation SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.53%, 09/22/43, (3-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR170 | 197632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 12/22/44, (3-mo. EURIBOR + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR210 | 242055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 12/22/44, (3-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR243 | 280090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.84%, 12/22/44, (3-mo. EURIBOR + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR293 | 337722 |
| Golden Ray SA - Compartment 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 12/27/57, (1-mo. EURIBOR + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR606 | 697976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 12/27/57, (1-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114695 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 10<br> Ltd., 6.98%, 10/20/37, (3-mo. CME Term <br> SOFR +3.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | $753520 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 11<br> Ltd., 8.78%, 10/20/34, (3-mo. CME Term <br> SOFR +4.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD950 | 943529 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 16<br> Ltd., 5.00%, 01/20/38, (3-mo. CME Term <br> SOFR +1.12%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | 3497728 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 20<br> Ltd., 5.33%, 07/20/37, (3-mo. CME Term <br> SOFR +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD722 | 724496 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 22<br> Ltd., 5.78%, 10/20/37, (3-mo. CME Term <br> SOFR +1.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005524 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 23<br> Ltd., 5.15%, 01/20/39, (3-mo. CME Term <br> SOFR +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4007284 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 24<br> Ltd., 5.03%, 10/20/38, (3-mo. CME Term <br> SOFR +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1998709 |
| &nbsp;&nbsp;&nbsp; Goldentree Loan Management U.S. Clo 26 <br> Ltd.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.02%, 07/20/38, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2504541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.17%, 07/20/38, (3-mo. CME Term SOFR <br> +3.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000155 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management US CLO 25<br> Ltd., 5.20%, 04/20/37<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3006027 |
| &nbsp;&nbsp;&nbsp; GoldentTree Loan Management U.S. CLO 1<br> Ltd., 6.28%, 04/20/37, (3-mo. CME Term <br> SOFR +2.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 251398 |
| &nbsp;&nbsp;&nbsp; Goldman Home Improvement Trust <br> Issuer Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.80%, 10/25/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,020 | 6167639 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/25/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD866 | 864981 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners 48 LP, 5.19%, <br> 04/17/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2504870 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 37B Ltd, 5.69%, <br> 10/20/36<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004439 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 41B-R Ltd., <br> 6.83%, 07/20/38, (3-mo. CME Term SOFR <br> +2.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3017670 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 50B-R Ltd., <br> 7.08%, 04/20/35, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2001994 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 60B Ltd., 5.17%, <br> 10/25/34, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD600 | 600401 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 64B Ltd., 6.91%, <br> 10/25/37, (3-mo. CME Term SOFR <br> +3.05%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1004993 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 66B Ltd., 5.31%, <br> 07/25/38, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2006661 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 76 B Ltd., 5.23%, <br> 10/25/37, (3-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,030 | 3038190 |
| Golub Capital Partners CLO 77 B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.56%, 01/25/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3013769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 01/25/38, (3-mo. CME Term SOFR <br> + 1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001797 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 81 B Ltd., 5.64%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | $2004649 |
| &nbsp;&nbsp;&nbsp; Golub Capital Private Credit Fund CLO 2,<br> 5.62%, 10/18/39, (3-mo. CME Term SOFR <br> +1.47%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3005269 |
| GoodLeap Home Improvement Solutions Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 10/20/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,190 | 4238275 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/20/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,253 | 7344911 |
| &nbsp;&nbsp;&nbsp; 5.32%, 06/20/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,815 | 4859415 |
| Gracie Point International Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.61%, 03/01/27, (90-day Avg SOFR + <br> 2.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD244 | 244729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.06%, 03/01/28, (90-day Avg SOFR + <br> 1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,510 | 4516957 |
| &nbsp;&nbsp;&nbsp; Green Lakes Park CLO LLC, 5.04%, <br> 01/25/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5000700 |
| GreenSky Home Improvement Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/27/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD707 | 717655 |
| &nbsp;&nbsp;&nbsp; 6.43%, 10/27/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,201 | 4275680 |
| &nbsp;&nbsp;&nbsp; 5.26%, 10/27/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,801 | 5847550 |
| &nbsp;&nbsp;&nbsp; 5.22%, 03/25/60<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD773 | 784247 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/27/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,540 | 2547423 |
| &nbsp;&nbsp;&nbsp; 5.26%, 06/25/60<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD690 | 694889 |
| &nbsp;&nbsp;&nbsp; 5.56%, 06/25/60<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD547 | 550530 |
| &nbsp;&nbsp;&nbsp; 7.79%, 06/25/60<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD540 | 547062 |
| GreenSky Home Improvement Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.67%, 06/25/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD733 | 749994 |
| &nbsp;&nbsp;&nbsp; 5.87%, 06/25/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,910 | 1944901 |
| Greystone CRE Notes LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 01/15/43, (1-mo. CME Term SOFR <br> +1.48%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,069 | 4069121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.93%, 10/15/42, (1-mo. CME Term SOFR <br> +1.78%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,000 | 8009727 |
| &nbsp;&nbsp;&nbsp; Greywolf CLO VI Ltd., 5.15%, <br> 04/26/31, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD174 | 173672 |
| &nbsp;&nbsp;&nbsp; GSAMP Trust, 4.56%, 06/25/36, (1-mo. CME <br> Term SOFR +0.56%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,350 | 1182971 |
| &nbsp;&nbsp;&nbsp; GT Loan Financing I Ltd., 5.08%, <br> 04/28/39, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,000 | 9010706 |
| &nbsp;&nbsp;&nbsp; HalseyPoint CLO 3 Ltd., 8.14%, <br> 07/30/37, (3-mo. CME Term SOFR <br> +4.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,340 | 1340734 |
| &nbsp;&nbsp;&nbsp; HalseyPoint CLO 4 Ltd., 5.37%, <br> 04/20/34, (3-mo. CME Term SOFR <br> +1.48%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD900 | 900051 |
| &nbsp;&nbsp;&nbsp; Halseypoint Clo 5 Ltd., 5.31%, <br> 01/30/35, (3-mo. CME Term SOFR <br> +1.47%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD700 | 700417 |
| &nbsp;&nbsp;&nbsp; Halseypoint CLO 6 Ltd., 5.23%, <br> 01/20/38, (3-mo. CME Term SOFR + <br> 1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,100 | 1102662 |
| &nbsp;&nbsp;&nbsp; Halseypoint CLO 7 Ltd., 5.33%, <br> 07/20/38, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2006936 |
| &nbsp;&nbsp;&nbsp; Halseypoint CLO II Ltd., 5.83%, <br> 07/20/37, (3-mo. CME Term SOFR <br> +1.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4012771 |
| &nbsp;&nbsp;&nbsp; Hambridge Euro Clo 1 DAC, 5.34%, <br> 10/20/38, (3-mo. EURIBOR + 3.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,440 | 1659816 |
| &nbsp;&nbsp;&nbsp; Harriman Park CLO Ltd., 5.18%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,150 | 1152243 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Henley CLO IV DAC, 5.07%, 04/25/34, (3-mo. <br> EURIBOR + 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | $1154758 |
| &nbsp;&nbsp;&nbsp; Henley CLO XI DAC, 4.67%, 04/25/39, (3-mo. <br> EURIBOR + 2.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,280 | 2605993 |
| &nbsp;&nbsp;&nbsp; Henley CLO XII DAC, 5.11%, 01/15/38, (3-mo. <br> EURIBOR + 3.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR850 | 978909 |
| Hermitage PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 04/21/33, (1-day SONIA + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP164 | 215630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/21/33, (1-day SONIA + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP492 | 647721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 04/21/33, (1-day SONIA + <br> 3.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP55 | 72486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.33%, 04/21/33, (1-day SONIA + <br> 2.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP55 | 72240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 04/21/33, (1-day SONIA + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP55 | 72014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/21/33, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP106 | 139025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.18%, 04/21/33, (1-day SONIA + <br> 3.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 04/21/33, (1-day SONIA + <br> 1.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 04/21/33, (1-day SONIA + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP300 | 393328 |
| Hill FL BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 10/18/32, (1-mo. EURIBOR + <br> 0.72%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,205 | 1388904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.87%, 10/18/32, (1-mo. EURIBOR + <br> 1.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR96 | 109869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.17%, 10/18/32, (1-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,106 | 1275596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 10/18/32, (1-mo. EURIBOR + <br> 0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR842 | 970530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.56%, 10/18/32, (1-mo. EURIBOR + <br> 2.64%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,877 | 2163630 |
| HIVE 2025-1 BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 11/21/45, (1-mo. EURIBOR + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR696 | 802237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 11/21/45, (1-mo. EURIBOR + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,863 | 10215851 |
| &nbsp;&nbsp;&nbsp; Household Capital 2025-1 RMBS, 5.39%, <br> 07/21/87, (3-month BB Swap + 1.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD532 | 347531 |
| Huntington Bank Auto Credit-Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 05/20/32, (30-day Avg SOFR + <br> 1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD595 | 596142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 10/20/32, (30-day Avg SOFR + <br> 1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,871 | 1876702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/20/33, (30-day Avg SOFR + <br> 1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,898 | 1898735 |
| ICG U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.12%, 07/25/38, (3-mo. CME Term SOFR <br> +3.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2011019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 10/20/38, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5000000 |
| &nbsp;&nbsp;&nbsp; Incref LLC, 5.76%, 10/19/42, (1-mo. CME <br> Term SOFR + 1.73%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,695 | 8694485 |
| Invesco U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 04/20/35, (3-mo. CME Term SOFR <br> +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD819 | 819750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 10/15/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3000000 |
| &nbsp;&nbsp;&nbsp; Italian Stella Loans SRL, 3.27%, <br> 05/27/39, (1-mo. EURIBOR + 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR90 | 104392 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Jubilee CLO DAC, 5.21%, 01/15/39, (3-mo. <br> EURIBOR + 3.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,420 | $1639506 |
| &nbsp;&nbsp;&nbsp; Kings Park CLO Ltd., 5.26%, 01/21/35, (3-mo. <br> CME Term SOFR +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,622 | 1622985 |
| &nbsp;&nbsp;&nbsp; KKR CLO 23 Ltd., 4.97%, 10/20/31, (3-mo. <br> CME Term SOFR +1.09%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,912 | 3911719 |
| &nbsp;&nbsp;&nbsp; KKR Clo 25 Ltd., 5.48%, 07/15/34, (3-mo. <br> CME Term SOFR +1.58%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,300 | 1301931 |
| &nbsp;&nbsp;&nbsp; KKR CLO 28 Ltd., 4.99%, 02/09/35, (3-mo. <br> CME Term SOFR +1.12%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 4995000 |
| &nbsp;&nbsp;&nbsp; KKR CLO 38 Ltd., 5.22%, 04/15/33, (3-mo. <br> CME Term SOFR +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,335 | 6338122 |
| &nbsp;&nbsp;&nbsp; KKR CLO 47 Ltd., 5.27%, 01/15/38, (3-mo. <br> CME Term SOFR + 1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,815 | 2822834 |
| &nbsp;&nbsp;&nbsp; KKR CLO 54 Ltd., 5.22%, 01/15/38, (3-mo. <br> CME Term SOFR +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004582 |
| &nbsp;&nbsp;&nbsp; KKR Financial CLO Ltd., 5.35%, <br> 04/15/29, (3-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD878 | 878218 |
| &nbsp;&nbsp;&nbsp; Lake George Park CLO Ltd., 8.50%, <br> 04/15/38, (3-mo. CME Term SOFR <br> +4.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000577 |
| Latitude Australia Credit Card Master Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 11/23/37, (1-month BB Swap + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD500 | 327968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.61%, 11/23/37, (Update <br> Replacements.xls: BBSW1M + <br> 1.150%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD2,663 | 1746774 |
| &nbsp;&nbsp;&nbsp; LCM 29 Ltd., 5.77%, 04/15/31, (3-mo. CME <br> Term SOFR +1.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,420 | 1418374 |
| LendingClub Rated Notes Issuer Trust Series |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 03/15/45<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 189655 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/15/35<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD5,629 | 5671145 |
| &nbsp;&nbsp;&nbsp; 5.59%, 04/15/35<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD284 | 285936 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/35<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD572 | 575885 |
| &nbsp;&nbsp;&nbsp; 6.47%, 12/15/35<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD229 | 230538 |
| &nbsp;&nbsp;&nbsp; 8.99%, 07/15/36<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD367 | 369391 |
| &nbsp;&nbsp;&nbsp; 13.02%, 01/15/37<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp; USD183 | 184426 |
| Lendmark Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 11/20/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD280 | 271339 |
| &nbsp;&nbsp;&nbsp; 3.41%, 11/20/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD710 | 676880 |
| &nbsp;&nbsp;&nbsp; 5.53%, 06/21/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,407 | 6491262 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/21/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,957 | 1991897 |
| &nbsp;&nbsp;&nbsp; 7.21%, 06/21/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,241 | 5339815 |
| &nbsp;&nbsp;&nbsp; 3.09%, 04/20/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD945 | 890843 |
| &nbsp;&nbsp;&nbsp; 4.47%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,850 | 1847398 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,153 | 2156886 |
| &nbsp;&nbsp;&nbsp; 4.94%, 09/20/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,295 | 3329813 |
| &nbsp;&nbsp;&nbsp; 5.33%, 09/20/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,895 | 5975794 |
| &nbsp;&nbsp;&nbsp; Liberty Series, 4.64%, 05/25/32, (1-month BB <br> Swap + 1.20%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; AUD233 | 153091 |
| &nbsp;&nbsp;&nbsp; LoanCore, 5.42%, 08/17/42, (1-mo. CME Term <br> SOFR +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,050 | 9039398 |
| &nbsp;&nbsp;&nbsp; LoanCore Issuer LLC, 5.51%, <br> 08/18/42, (1-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,143 | 11142996 |
| London Cards No. 3 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 12/15/35, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,077 | 1414859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.97%, 12/15/35, (1-day SONIA + <br> 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,030 | 1353112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 12/15/35, (1-day SONIA + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,544 | 2032409 |
| &nbsp;&nbsp;&nbsp; Long Beach Mortgage Loan Trust, 4.47%, <br> 03/25/46, (1-mo. CME Term SOFR <br> +0.47%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD108 | 94458 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; LT Rahoitus DAC, 2.82%, 07/18/36, (1-mo. <br> EURIBOR + 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | $230032 |
| Lyra Music Assets Delaware LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.76%, 12/22/64<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,284 | 2315340 |
| &nbsp;&nbsp;&nbsp; 5.60%, 09/20/65<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,416 | 1431536 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LIX Ltd., 5.38%, <br> 04/18/37, (3-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2007395 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXI Ltd., 5.61%, <br> 01/20/37, (3-mo. CME Term SOFR <br> +1.73%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD255 | 255883 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXV Ltd., 5.62%, <br> 07/16/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,000 | 6011515 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXXI Ltd., 5.00%, <br> 04/23/38, (3-mo. CME Term SOFR <br> +1.14%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,715 | 9709462 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XIV Ltd., 6.76%, <br> 10/22/30, (3-mo. CME Term SOFR <br> +2.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2991883 |
| Madison Park Funding XL-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/16/38, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)(e)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,700 | 3708602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.91%, 10/16/38, (3-mo. CME Term SOFR <br> +2.95%)<sup>(a)(b)(e)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | 3517067 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXIV Ltd., 6.83%, <br> 10/20/29, (3-mo. CME Term SOFR <br> +2.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD850 | 855842 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXIX Ltd., 5.06%, <br> 03/25/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,250 | 3250250 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXX Ltd., 5.25%, <br> 07/16/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,375 | 1378098 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXI Ltd., 5.66%, <br> 07/23/37, (3-mo. CME Term SOFR <br> +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001994 |
| Madison Park Funding XXXIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/32, (3-mo. CME Term SOFR <br> +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD475 | 475122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 10/15/32, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,948 | 2949871 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXIV Ltd., 7.24%, <br> 10/16/37, (3-mo. CME Term SOFR <br> +3.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1502543 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVI Ltd., 4.96%, <br> 04/15/35, (3-mo. CME Term SOFR <br> +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 249788 |
| Madison Park Funding XXXVII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.65%, 04/15/37, (3-mo. CME Term SOFR <br> +3.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 499999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/37, (3-mo. CME Term SOFR <br> + 2.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1508319 |
| &nbsp;&nbsp;&nbsp; Marathon CLO XIII Ltd., 5.10%, <br> 04/15/32, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,218 | 2217938 |
| Mariner Finance Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.33%, 03/20/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD350 | 337805 |
| &nbsp;&nbsp;&nbsp; 2.10%, 11/20/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,745 | 5547802 |
| &nbsp;&nbsp;&nbsp; 3.42%, 11/20/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,177 | 1115621 |
| &nbsp;&nbsp;&nbsp; 1.86%, 03/20/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD480 | 470358 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/22/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,600 | 1620065 |
| &nbsp;&nbsp;&nbsp; 6.77%, 09/22/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,592 | 1629481 |
| &nbsp;&nbsp;&nbsp; 5.73%, 11/20/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,340 | 2398867 |
| &nbsp;&nbsp;&nbsp; 6.36%, 11/20/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,102 | 2153971 |
| &nbsp;&nbsp;&nbsp; 4.98%, 05/20/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,732 | 5779571 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; 5.33%, 05/20/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,074 | $2095174 |
| &nbsp;&nbsp;&nbsp; 5.69%, 05/20/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,834 | 2863946 |
| &nbsp;&nbsp;&nbsp; 4.59%, 11/22/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,113 | 5118525 |
| Metro Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 10/15/31, (1-month BB Swap + <br> 1.17%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; AUD4,786 | 3142536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 10/15/31, (1-month BB Swap + <br> 1.55%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; AUD510 | 335865 |
| MF1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 03/19/39, (1-mo. CME Term SOFR <br> +1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,181 | 8191284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 05/18/42, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,617 | 8616341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 02/18/43, (1-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,159 | 10154714 |
| MFA Trust, 6.33%, 09/25/54<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,645 | 1647124 |
| &nbsp;&nbsp;&nbsp; MidOcean Credit CLO XII Ltd., 5.22%, <br> 07/18/38, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2506049 |
| &nbsp;&nbsp;&nbsp; MidOcean Credit CLO XIX, 5.33%, <br> 07/20/36, (3-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002801 |
| &nbsp;&nbsp;&nbsp; Midocean Credit CLO XV Ltd., 6.17%, <br> 07/21/37, (3-mo. CME Term SOFR <br> +2.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1004938 |
| Mila BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.61%, 09/16/41 | &nbsp;&nbsp;&nbsp; EUR354 | 408052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 09/16/41, (1-mo. EURIBOR + <br> 0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR87 | 100749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 10/12/42, (1-mo. EURIBOR + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 10/12/42, (1-mo. EURIBOR + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 10/12/42, (1-mo. EURIBOR + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/12/42, (1-mo. EURIBOR + <br> 2.72%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 344448 |
| &nbsp;&nbsp;&nbsp; Milford Park CLO Ltd., 5.04%, <br> 01/20/38, (3-mo. CME Term SOFR <br> +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2998889 |
| Milos CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/20/30, (3-mo. CME Term SOFR <br> +1.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 998462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 10/20/30, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD74 | 74193 |
| &nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC, 5.10%, <br> 07/13/49<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,677 | 1729150 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Eaton Vance CLO Ltd., <br> 5.83%, 10/20/37, (3-mo. CME Term SOFR <br> +1.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1998000 |
| &nbsp;&nbsp;&nbsp; Morglas Abs PLC, 4.77%, 09/15/40, (1-day <br> SONIA + 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,035 | 2673379 |
| Mosaic Solar Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.64%, 04/22/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD277 | 229717 |
| &nbsp;&nbsp;&nbsp; 4.01%, 06/22/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD34 | 32233 |
| &nbsp;&nbsp;&nbsp; 6.40%, 05/20/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD118 | 118109 |
| &nbsp;&nbsp;&nbsp; 4.20%, 02/22/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD113 | 105710 |
| Navient Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.53%, 07/15/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,024 | 3052930 |
| &nbsp;&nbsp;&nbsp; 5.32%, 07/15/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,333 | 1345153 |
| Navient Private Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.61%, 12/15/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD156 | 156052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/16/40, (1-mo. CME Term SOFR <br> +1.56%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,161 | 1162331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/30, (1-mo. CME Term SOFR <br> +1.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD97 | 96709 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 12/15/59, (1-mo. CME Term SOFR <br> + 0.83%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD538 | $537821 |
| Navient Private Education Refi Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.42%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD24 | 23784 |
| &nbsp;&nbsp;&nbsp; 3.13%, 02/15/68<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD980 | 968063 |
| &nbsp;&nbsp;&nbsp; 5.51%, 10/15/71<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD212 | 217126 |
| &nbsp;&nbsp;&nbsp; 0.97%, 12/16/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,255 | 6524804 |
| &nbsp;&nbsp;&nbsp; 1.06%, 10/15/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,453 | 3156411 |
| &nbsp;&nbsp;&nbsp; 3.33%, 05/15/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 89009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/68, (1-mo. CME Term SOFR <br> +1.71%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,700 | 1712721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/15/43, (1-mo. CME Term SOFR <br> +1.01%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD459 | 458702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 12/15/59, (1-mo. CME Term SOFR <br> +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,462 | 1457378 |
| &nbsp;&nbsp;&nbsp; 0.84%, 05/15/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD260 | 238188 |
| &nbsp;&nbsp;&nbsp; 5.66%, 10/15/72<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,675 | 4802570 |
| &nbsp;&nbsp;&nbsp; 1.33%, 04/15/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD692 | 644120 |
| &nbsp;&nbsp;&nbsp; 2.15%, 11/15/68<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,381 | 3253464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-IA, Class A1B, 5.15%, <br> 04/15/69, (1-mo. CME Term SOFR + <br> 1.11%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,656 | 2643347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DA, Class A, 5.26%, <br> 04/15/60, (PRIME - 1.99%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD345 | 342062 |
| Navient Refinance Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.72%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,740 | 4738882 |
| &nbsp;&nbsp;&nbsp; 4.80%, 10/15/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,598 | 3595707 |
| Navient Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.93%, 03/15/72, (30-day Avg SOFR + <br> 1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,482 | 1494555 |
| &nbsp;&nbsp;&nbsp; 3.39%, 12/15/59<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 491755 |
| Nelnet Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 04/20/62, (1-mo. CME Term SOFR <br> +1.14%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,883 | 10843262 |
| &nbsp;&nbsp;&nbsp; 2.85%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD300 | 268620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 04/20/62, (1-mo. CME Term SOFR <br> + 0.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,960 | 2952095 |
| &nbsp;&nbsp;&nbsp; 3.36%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD664 | 578268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 04/20/62, (1-mo. CME Term SOFR <br> + 0.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD218 | 217386 |
| &nbsp;&nbsp;&nbsp; 2.90%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 450285 |
| &nbsp;&nbsp;&nbsp; 1.36%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,534 | 1441127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.43%, 11/25/53, (30-day Avg SOFR + <br> 2.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD258 | 261107 |
| &nbsp;&nbsp;&nbsp; 2.85%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,869 | 3464307 |
| &nbsp;&nbsp;&nbsp; 1.63%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,866 | 1774046 |
| &nbsp;&nbsp;&nbsp; 1.36%, 04/20/62<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD847 | 795640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 03/15/57, (30-day Avg SOFR + <br> 1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,625 | 5603996 |
| &nbsp;&nbsp;&nbsp; 5.27%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,550 | 4588737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 05/17/55, (30-day Avg SOFR + <br> 1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,292 | 9327082 |
| &nbsp;&nbsp;&nbsp; 6.04%, 05/17/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,725 | 1727214 |
| &nbsp;&nbsp;&nbsp; 4.98%, 05/17/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,285 | 4287310 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/17/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,406 | 2416567 |
| &nbsp;&nbsp;&nbsp; 6.05%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,670 | 5706406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 06/22/65, (30-day Avg SOFR + <br> 1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,887 | 4914549 |
| &nbsp;&nbsp;&nbsp; 5.82%, 06/22/65<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,778 | 2746331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A, Class A1, 4.95%, <br> 04/20/62, (1-mo. CME Term SOFR + <br> 0.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD387 | 386256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-BA, Class AFL, 4.93%, <br> 04/20/62, (1-mo. CME Term SOFR + <br> 0.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,112 | 1111077 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Neuberger Berman CLO XXI Ltd., 5.20%, <br> 01/20/39, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,000 | $9019548 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO 33<br> Ltd., 5.11%, 04/16/39, (3-mo. CME Term <br> SOFR +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5008022 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO 34<br> Ltd., 6.73%, 07/20/39, (3-mo. CME Term <br> SOFR +2.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2007382 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers <br> CLO 36R Ltd.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.03%, 07/20/39, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,440 | 3448613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/20/39, (3-mo. CME Term SOFR <br> +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,500 | 5508551 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers Clo 40 Ltd., <br> 5.75%, 10/16/37, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5002498 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO 44<br> Ltd., 6.54%, 10/16/35, (3-mo. CME Term <br> SOFR +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD425 | 425254 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers Clo 56 Ltd., <br> 6.97%, 07/24/37, (3-mo. CME Term SOFR <br> +3.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1003889 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers Clo 58 Ltd., <br> 5.22%, 10/18/38, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,125 | 1127945 |
| &nbsp;&nbsp;&nbsp; New Mountain 7 Ltd., 5.08%, 03/31/38, (3-mo. <br> CME Term SOFR +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2502715 |
| &nbsp;&nbsp;&nbsp; New Mountain 8 Ltd., 5.13%, 10/20/38, (3-mo. <br> CME Term SOFR +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5000000 |
| &nbsp;&nbsp;&nbsp; New Mountain CLO 2 Ltd., 5.26%, <br> 01/15/38, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3008551 |
| &nbsp;&nbsp;&nbsp; New Mountain CLO 5 Ltd., 5.13%, <br> 07/20/36, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2002721 |
| &nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust, 4.44%, <br> 02/17/39<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD258 | 252656 |
| Newday Funding Master Issuer PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/15/32, (1-day SONIA + <br> 2.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP142 | 187911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/15/32, (1-day SONIA + <br> 1.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 07/15/32, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131695 |
| &nbsp;&nbsp;&nbsp; 5.58%, 11/15/32, (1-day SONIA + 1.60%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP151 | 198250 |
| &nbsp;&nbsp;&nbsp; 5.28%, 11/15/32, (1-day SONIA + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP438 | 576537 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/15/32, (1-day SONIA + 0.90%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP1,047 | 1378992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 04/15/33, (1-day SONIA + <br> 1.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP317 | 415011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 04/15/33, (1-day SONIA + <br> 1.15%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP194 | 254284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 04/15/33, (1-day SONIA + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,989 | 2616588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 07/15/33, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP152 | 199173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 07/15/33, (1-day SONIA + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP475 | 622416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 07/15/33, (1-day SONIA + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,490 | 1957998 |
| &nbsp;&nbsp;&nbsp; Newday Funding Master Issuer PLC - Series, <br> 4.88%, 07/15/32, (1-day SONIA + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP710 | 934734 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Noria DE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 02/25/43, (1-mo. EURIBOR + <br> 0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR344 | $397432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 02/25/43, (1-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR172 | 198468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 02/25/43, (1-mo. EURIBOR + <br> 1.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR86 | 99162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 02/25/43, (1-mo. EURIBOR + <br> 3.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR86 | 100275 |
| NYMT Trust, 7.38%, 05/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,925 | 3902217 |
| Oak Hill Credit Partners X-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 04/20/38, (3-mo. CME Term SOFR <br> +1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2998116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 04/20/38, (3-mo. CME Term SOFR <br> +2.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD950 | 950469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.48%, 04/20/38, (3-mo. CME Term SOFR <br> +3.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1496687 |
| Oaktree CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.86%, 10/22/37, (3-mo. CME Term SOFR <br> +3.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD270 | 270996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 01/15/38, (3-mo. CME Term SOFR <br> + 1.19%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2000332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 01/15/35, (3-mo. CME Term SOFR <br> +0.97%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2497261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 01/20/38, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007607 |
| &nbsp;&nbsp;&nbsp; OCP Aegis CLO Ltd., 5.11%, 01/16/37, (3-mo. <br> CME Term SOFR +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2001990 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 04/10/33, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,160 | 4161327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/20/37, (3-mo. CME Term SOFR <br> +1.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/20/37, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,250 | 3257000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 07/20/37, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD680 | 680541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.98%, 07/20/37, (3-mo. CME Term SOFR <br> +3.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,260 | 1266040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.62%, 04/23/37, (3-mo. CME Term SOFR <br> +6.76%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,200 | 1209443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/18/37, (3-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 10/18/37, (3-mo. CME Term SOFR <br> +1.68%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,750 | 4753306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 10/15/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,750 | 2757911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 11/26/37, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/21/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5011995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/20/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 01/21/38, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 01/26/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2003826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 01/20/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,250 | 1250164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 04/20/38, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,250 | 2250176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/20/37, (3-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.76%, 10/25/37, (3-mo. CME Term SOFR <br> +5.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2518194 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.04%, 07/15/38, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | $3513009 |
| &nbsp;&nbsp;&nbsp; Octagon 66 Ltd., 5.94%, 11/16/36, (3-mo. <br> CME Term SOFR +1.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,625 | 4640998 |
| &nbsp;&nbsp;&nbsp; Octagon 75 Ltd., 5.06%, 01/22/38, (3-mo. <br> CME Term SOFR +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2002384 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners 18-R Ltd., <br> 5.12%, 04/16/31, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD263 | 263007 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners 36 Ltd., 5.56%, <br> 04/15/31, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 249875 |
| OHA Credit Funding 10-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 07/18/37, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4003342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.98%, 07/18/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004612 |
| OHA Credit Funding 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 07/20/37, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD751 | 752779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.68%, 07/20/37, (3-mo. CME Term SOFR <br> +2.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1003391 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 14-R Ltd., 6.78%, <br> 04/20/38, (3-mo. CME Term SOFR <br> +2.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1005590 |
| OHA Credit Funding 2 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 01/21/38, (3-mo. CME Term SOFR <br> +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 500795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.57%, 01/21/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,550 | 1556961 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 22 Ltd., 5.61%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,050 | 2053075 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 3 Ltd., 5.20%, <br> 01/20/38, (3-mo. CME Term SOFR + <br> 1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 751608 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 4 Ltd., 5.15%, <br> 01/22/38, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD700 | 701398 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 5 Ltd., 5.58%, <br> 10/18/37, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1754521 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 6 Ltd., 5.21%, <br> 10/20/37, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,250 | 3258586 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 7 Ltd., 5.16%, <br> 07/19/38, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,250 | 6260032 |
| OHA Credit Funding 9 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 10/19/37, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5012032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 10/19/37, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2003969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 10/19/37, (3-mo. CME Term SOFR <br> +1.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002866 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners XVI, 5.23%, <br> 10/18/37, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD625 | 626505 |
| OHA Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 07/20/37, (3-mo. CME Term SOFR <br> +1.46%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 10/20/38, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)(e)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,260 | 1261558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/19/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,715 | 3720835 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 10/19/38, (3-mo. CME Term SOFR <br> +1.57%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | $499984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 10/19/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,750 | 2750000 |
| Onemain Financial Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.79%, 07/14/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,072 | 1082246 |
| &nbsp;&nbsp;&nbsp; 4.82%, 07/14/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD12,650 | 12769525 |
| OneMain Financial Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.14%, 10/14/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD350 | 343833 |
| &nbsp;&nbsp;&nbsp; 2.47%, 06/16/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 468653 |
| &nbsp;&nbsp;&nbsp; 4.89%, 10/14/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD424 | 423984 |
| &nbsp;&nbsp;&nbsp; 5.24%, 10/14/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD8,929 | 8915079 |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/14/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD446 | 438088 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/14/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,088 | 3164095 |
| &nbsp;&nbsp;&nbsp; 1.95%, 06/16/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 188190 |
| &nbsp;&nbsp;&nbsp; 2.21%, 09/14/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD392 | 376033 |
| &nbsp;&nbsp;&nbsp; 7.52%, 09/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD595 | 613021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 09/15/36, (30-day Avg SOFR + <br> 1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,250 | 4291166 |
| &nbsp;&nbsp;&nbsp; 6.17%, 09/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,323 | 5492668 |
| &nbsp;&nbsp;&nbsp; 7.49%, 06/14/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD595 | 621077 |
| &nbsp;&nbsp;&nbsp; 2.76%, 09/14/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD575 | 553253 |
| &nbsp;&nbsp;&nbsp; 5.79%, 05/14/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD17,087 | 17963433 |
| Orchard Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 10/20/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.48%, 10/20/37, (3-mo. CME Term SOFR <br> +5.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001868 |
| &nbsp;&nbsp;&nbsp; Orion CLO Ltd., 7.00%, 10/20/38, (3-mo. CME <br> Term SOFR +2.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3014941 |
| &nbsp;&nbsp;&nbsp; OWL Rock CLO V LLC, 5.66%, <br> 04/20/34, (3-mo. CME Term SOFR <br> +1.78%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1501834 |
| &nbsp;&nbsp;&nbsp; OZLM Funding II Ltd., 5.04%, <br> 07/30/37, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3002018 |
| OZLM XVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 04/15/31, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD789 | 788876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 04/15/31, (3-mo. CME Term SOFR <br> +1.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 499004 |
| &nbsp;&nbsp;&nbsp; OZLM XXIV Ltd., 5.60%, 07/20/32, (3-mo. <br> CME Term SOFR +1.71%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,200 | 1202216 |
| &nbsp;&nbsp;&nbsp; Palmer Square CLO 2021-3 Ltd., 5.19%, <br> 10/15/38, (3-mo. CME Term SOFR <br> +1.29%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,750 | 4757125 |
| Palmer Square CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 07/20/37, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 07/20/37, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,940 | 6948990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 01/20/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD830 | 828333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 04/20/38, (3-mo. CME Term SOFR <br> +4.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 746635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 01/15/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,060 | 1064338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.33%, 04/20/38, (3-mo. CME Term SOFR <br> +2.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 07/15/38, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.78%, 01/20/38, (3-mo. CME Term SOFR <br> +4.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 497477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 10/20/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,750 | 5758622 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.76%, 08/14/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | $4984523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 10/20/38, (3-mo. CME Term SOFR <br> +2.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 10/20/38, (3-mo. CME Term SOFR <br> +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004131 |
| Palmer Square European Loan Funding DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 05/15/34, (3-mo. EURIBOR + <br> 3.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR730 | 841405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 05/15/34, (3-mo. EURIBOR + <br> 3.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR850 | 980065 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/31, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/31, (3-mo. CME Term SOFR <br> +1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10 | 9642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 10/15/30, (3-mo. CME Term SOFR <br> +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4 | 3714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 08/08/32, (3-mo. CME Term SOFR <br> +1.08%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,545 | 3545300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/08/32, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1998844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 08/08/32, (3-mo. CME Term SOFR <br> +1.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,200 | 2205118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.18%, 08/08/32, (3-mo. CME Term SOFR <br> +2.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2006216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 10/15/30, (3-mo. CME Term SOFR <br> +1.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,050 | 4047670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.80%, 10/15/32, (3-mo. CME Term SOFR <br> +4.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD945 | 945051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.60%, 01/15/33, (3-mo. CME Term SOFR <br> +4.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 750038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/15/31, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,150 | 1149962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.46%, 02/15/33, (3-mo. CME Term SOFR <br> +2.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 01/15/33, (3-mo. CME Term SOFR <br> +2.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,698 | 2696787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.79%, 07/15/33, (3-mo. CME Term SOFR <br> +2.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 3996474 |
| &nbsp;&nbsp;&nbsp; 5.90%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,000 | 4004527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/32, (3-mo. CME Term SOFR <br> +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001473 |
| Panorama Auto Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 03/15/33, (1-month BB Swap + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD2,772 | 1814963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 03/15/33, (1-month BB Swap + <br> 1.35%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD576 | 377744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/15/33, (1-month BB Swap + <br> 1.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD500 | 326309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 09/15/33, (1-month BB Swap + <br> 0.87%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD2,251 | 1471754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/33, (1-month BB Swap + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD500 | 326309 |
| Park Blue CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 07/25/37, (3-mo. CME Term SOFR <br> +1.48%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,240 | 9269600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/20/37, (3-mo. CME Term SOFR <br> +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,110 | 4120275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/25/38, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,200 | 5211971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 04/25/38, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4005411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.36%, 04/20/37, (3-mo. CME Term SOFR <br> +1.48%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,615 | 1620344 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 10/20/38, (3-mo. CME Term SOFR <br> +3.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | $3024797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.80%, 04/20/38, (3-mo. CME Term SOFR <br> +6.92%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1984479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 10/25/38, (3-mo. CME Term SOFR <br> +5.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | 3517716 |
| PCL Funding IX PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/16/29, (1-day SONIA + <br> 0.90%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,142 | 1504119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/16/29, (1-day SONIA + <br> 1.30%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131693 |
| Peace Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/20/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,837 | 2841296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.58%, 10/20/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,750 | 5732714 |
| &nbsp;&nbsp;&nbsp; Penta CLO 17 DAC, 5.29%, 08/15/38, (3-mo. <br> EURIBOR + 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR685 | 792328 |
| &nbsp;&nbsp;&nbsp; PFP Ltd., 5.92%, 09/17/39, (1-mo. CME Term <br> SOFR +1.83%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,333 | 1334120 |
| PFS Financing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 01/15/28, (30-day Avg SOFR + <br> 1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,440 | 2442372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 04/15/28, (30-day Avg SOFR + <br> 1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1752378 |
| &nbsp;&nbsp;&nbsp; 5.14%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD8,050 | 8133918 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 14 Ltd., 5.26%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,620 | 1624644 |
| &nbsp;&nbsp;&nbsp; Pikes Peak Clo 15 Ltd., 5.10%, <br> 10/20/38, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | 3504084 |
| &nbsp;&nbsp;&nbsp; Point Au Roche Park CLO Ltd., 5.23%, <br> 07/20/34, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD700 | 700259 |
| Point Broadband Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.34%, 07/20/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,410 | 4416076 |
| &nbsp;&nbsp;&nbsp; 5.73%, 07/20/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,510 | 2515623 |
| Pony SA Compartment German Auto Loans |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.77%, 01/14/33, (1-mo. EURIBOR + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR95 | 108991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 01/14/33, (1-mo. EURIBOR + <br> 0.52%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR945 | 1089061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 01/14/33, (1-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR95 | 109380 |
| &nbsp;&nbsp;&nbsp; Post CLO Ltd., 5.78%, 04/20/35, (3-mo. CME <br> Term SOFR +1.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,805 | 1807012 |
| &nbsp;&nbsp;&nbsp; Post CLO VI Ltd., 5.30%, 01/20/38, (3-mo. <br> CME Term SOFR +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1755114 |
| Progress Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.61%, 12/17/40<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD418 | 411027 |
| &nbsp;&nbsp;&nbsp; 3.40%, 04/17/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,089 | 2000466 |
| &nbsp;&nbsp;&nbsp; Providus CLO II DAC, 5.21%, <br> 10/15/38, (3-mo. EURIBOR + 3.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR910 | 1043641 |
| &nbsp;&nbsp;&nbsp; Providus Clo VI DAC, 5.23%, 05/20/34, (3-mo. <br> EURIBOR + 3.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1153759 |
| QTS Issuer ABS II LLC, 5.04%, 10/05/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,182 | 5178646 |
| &nbsp;&nbsp;&nbsp; Quarzo Srl, 2.82%, 03/15/42, (3-mo. <br> EURIBOR + 0.81%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,067 | 1231590 |
| Quarzo SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.61%, 06/15/41, (3-mo. EURIBOR + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR223 | 258178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/41, (3-mo. EURIBOR + <br> 0.790%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR842 | 971412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 06/15/41, (3-mo. EURIBOR + <br> 2.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR74 | 86254 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Rad CLO 10 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 04/23/34, (3-mo. CME Term SOFR <br> +1.66%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | $249515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 04/23/34, (3-mo. CME Term SOFR <br> +1.43%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,510 | 3510120 |
| &nbsp;&nbsp;&nbsp; Rad CLO 18 Ltd., 5.30%, 07/15/37, (3-mo. <br> CME Term SOFR +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002029 |
| &nbsp;&nbsp;&nbsp; RAD CLO 21 Ltd., 5.66%, 01/25/37, (3-mo. <br> CME Term SOFR +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,120 | 3113760 |
| &nbsp;&nbsp;&nbsp; Rad CLO 22 Ltd., 5.71%, 01/20/37, (3-mo. <br> CME Term SOFR +1.83%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,890 | 1894572 |
| &nbsp;&nbsp;&nbsp; Rad CLO 24 Ltd., 5.88%, 07/20/37, (3-mo. <br> CME Term SOFR +2.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1004092 |
| &nbsp;&nbsp;&nbsp; Rad CLO 25 Ltd., 5.34%, 07/20/37, (3-mo. <br> CME Term SOFR +1.46%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2006760 |
| &nbsp;&nbsp;&nbsp; RAD CLO 27 Ltd., 5.22%, 01/15/38, (3-mo. <br> CME Term SOFR +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002375 |
| &nbsp;&nbsp;&nbsp; RAD CLO 28 Ltd., 6.68%, 04/20/38, (3-mo. <br> CME Term SOFR +2.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 750895 |
| &nbsp;&nbsp;&nbsp; Rad CLO 6 Ltd., 5.27%, 10/20/37, (3-mo. <br> CME Term SOFR +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3008581 |
| &nbsp;&nbsp;&nbsp; Rad CLO 7 Ltd., 5.23%, 04/17/36, (3-mo. <br> CME Term SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1500755 |
| RAF ABS Trust, 4.48%, 12/09/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; AUD2,075 | 1357946 |
| RCKT Mortgage Trust, 6.77%, 02/25/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD138 | 139221 |
| Red & Black Auto Italy SRL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 07/28/36, (1-mo. EURIBOR + <br> 0.81%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR747 | 862451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 07/28/36, (1-mo. EURIBOR + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115642 |
| &nbsp;&nbsp;&nbsp; Regatta 30 Funding Ltd., 5.18%, <br> 01/25/38, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3006354 |
| Regatta 31 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 03/25/38, (3-mo. CME Term SOFR <br> +1.17%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,590 | 2589197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 03/25/38, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,075 | 1077101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.66%, 03/25/38, (3-mo. CME Term SOFR <br> +2.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005383 |
| &nbsp;&nbsp;&nbsp; Regatta VI Funding Ltd., 5.21%, <br> 10/20/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,247 | 3251329 |
| &nbsp;&nbsp;&nbsp; Regatta XI Funding Ltd., 5.28%, <br> 07/17/37, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004400 |
| &nbsp;&nbsp;&nbsp; Regatta XII Funding Ltd., 5.29%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,540 | 3549922 |
| &nbsp;&nbsp;&nbsp; Regatta XVII Funding Ltd., 5.28%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,900 | 3910866 |
| Regatta XVIII Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/38, (3-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,855 | 2856760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 04/15/38, (3-mo. CME Term SOFR <br> +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,200 | 3198958 |
| &nbsp;&nbsp;&nbsp; Regatta XXIV Funding Ltd., 5.20%, <br> 01/20/38, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007609 |
| &nbsp;&nbsp;&nbsp; Regatta XXV Funding Ltd., 5.24%, <br> 07/15/38, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004766 |
| &nbsp;&nbsp;&nbsp; Regatta XXVIII Funding Ltd., 5.41%, <br> 04/25/37, (3-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 752532 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Regional Management Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.07%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD256 | $255560 |
| &nbsp;&nbsp;&nbsp; 1.90%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,477 | 4314626 |
| &nbsp;&nbsp;&nbsp; 2.35%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,710 | 1600232 |
| &nbsp;&nbsp;&nbsp; 3.71%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,080 | 1072227 |
| &nbsp;&nbsp;&nbsp; 5.83%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,371 | 1397071 |
| &nbsp;&nbsp;&nbsp; 7.46%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,844 | 3959836 |
| &nbsp;&nbsp;&nbsp; 5.49%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,033 | 1042628 |
| &nbsp;&nbsp;&nbsp; 5.74%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,736 | 3772148 |
| &nbsp;&nbsp;&nbsp; 6.33%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD750 | 756630 |
| &nbsp;&nbsp;&nbsp; 5.53%, 04/17/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,337 | 5390567 |
| &nbsp;&nbsp;&nbsp; 4.59%, 11/16/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,346 | 7327064 |
| Republic Finance Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 12/22/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD317 | 316654 |
| &nbsp;&nbsp;&nbsp; 3.53%, 12/22/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,550 | 5464339 |
| &nbsp;&nbsp;&nbsp; 5.91%, 08/20/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,024 | 6086866 |
| &nbsp;&nbsp;&nbsp; 6.47%, 08/20/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,801 | 1838412 |
| &nbsp;&nbsp;&nbsp; 5.42%, 11/20/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,613 | 7744058 |
| &nbsp;&nbsp;&nbsp; 5.86%, 11/20/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,630 | 3699637 |
| &nbsp;&nbsp;&nbsp; 7.28%, 08/20/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,665 | 1704631 |
| &nbsp;&nbsp;&nbsp; 4.59%, 11/20/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,466 | 6438812 |
| &nbsp;&nbsp;&nbsp; Retained Vantage Data Centers Issuer LLC, <br> 5.09%, 08/15/50<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,089 | 4106162 |
| RevoCar SA - Compartment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.71%, 08/25/38, (1-mo. EURIBOR + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 229684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 08/25/38, (1-mo. EURIBOR + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114782 |
| &nbsp;&nbsp;&nbsp; Riverbank Park Clo Ltd., 8.66%, <br> 01/25/38, (3-mo. CME Term SOFR <br> +4.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 989369 |
| Rockford Tower CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 10/20/30, (3-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD184 | 184005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 10/20/31, (3-mo. CME Term SOFR <br> +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD83 | 83306 |
| Rockford Tower Europe CLO DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 10/25/37, (3-mo. EURIBOR + <br> 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,980 | 2268144 |
| &nbsp;&nbsp;&nbsp; 1.00%, 01/15/40<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,550 | 2939258 |
| RR 19 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 04/15/40, (3-mo. CME Term SOFR <br> +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,630 | 1629269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/40, (3-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 750744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.60%, 04/15/40, (3-mo. CME Term SOFR <br> +4.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 3993945 |
| &nbsp;&nbsp;&nbsp; RR 27 Ltd., 5.13%, 10/15/40, (3-mo. CME <br> Term SOFR +1.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4005460 |
| &nbsp;&nbsp;&nbsp; RR 32 Ltd., 5.26%, 10/15/39, (3-mo. CME <br> Term SOFR +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250619 |
| RR 38 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/15/40, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,125 | 1124448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/40, (3-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 749906 |
| &nbsp;&nbsp;&nbsp; RR 5 Ltd., 7.50%, 07/15/39, (3-mo. CME Term <br> SOFR +3.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,250 | 1257112 |
| &nbsp;&nbsp;&nbsp; RR 8 Ltd., 5.25%, 07/15/37, (3-mo. CME Term <br> SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,045 | 2046753 |
| &nbsp;&nbsp;&nbsp; RR15 Ltd., 5.62%, 04/15/36, (3-mo. CME <br> Term SOFR +1.71%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD300 | 300104 |
| &nbsp;&nbsp;&nbsp; Sagard-Halseypoint Clo 10 Ltd., 5.23%, <br> 10/20/38, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5004570 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; SAIF Securitization Trust, 5.64%, <br> 06/25/65<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,232 | $2238383 |
| &nbsp;&nbsp;&nbsp; Sandstone Peak II Ltd., 5.29%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002800 |
| Sandstone Peak Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 10/15/34, (3-mo. CME Term SOFR <br> +1.83%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2000948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/15/34, (3-mo. CME Term SOFR <br> +3.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005391 |
| Santander Consumo 8 Fondo de Titulizacion |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.21%, 01/21/40, (3-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR400 | 462718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 01/21/40, (3-mo. EURIBOR + <br> 0.77%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR600 | 692423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 01/21/40, (3-mo. EURIBOR + <br> 1.500%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 01/21/40, (3-mo. EURIBOR + <br> 2.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115377 |
| SC Austria Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/25/41, (3-mo. EURIBOR + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,805 | 4393724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/25/41, (3-mo. EURIBOR + <br> 1.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,321 | 1527980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/25/41, (3-mo. EURIBOR + <br> 1.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,128 | 1304740 |
| SC Germany SA Compartment Consumer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.62%, 05/14/38, (1-mo. EURIBOR + <br> 1.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.32%, 05/14/38, (1-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115878 |
| &nbsp;&nbsp;&nbsp; 2.62%, 05/14/38<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR865 | 998844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.02%, 05/14/38, (1-mo. EURIBOR + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR600 | 694538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 12/14/38, (1-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 12/14/38, (1-mo. EURIBOR + <br> 1.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 12/14/38, (1-mo. EURIBOR + <br> 0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR400 | 461395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 12/15/38, (1-mo. EURIBOR + <br> 0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,800 | 4380070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 12/15/38, (1-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,200 | 1383180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 12/15/38, (1-mo. EURIBOR + <br> 1.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR800 | 922120 |
| SC Germany SA Compartment Leasing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.77%, 09/14/36, (1-mo. EURIBOR + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 09/14/36, (1-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115046 |
| SCF Rahoituspalvelut XIII DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/25/34, (1-mo. EURIBOR + <br> 0.58%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR342 | 394243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 06/25/34, (1-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 06/25/34, (1-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116013 |
| Secucor Finance 2013-1 DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/20/36, (1-mo. EURIBOR + <br> 3.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR400 | 458685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/20/36, (1-mo. EURIBOR + <br> 1.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 09/20/36, (1-mo. EURIBOR + <br> 4.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114677 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 09/20/36, (1-mo. EURIBOR + <br> 1.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR500 | $579382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.10%, 09/20/36, (1-mo. EURIBOR + <br> 6.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR700 | 806845 |
| Service Experts Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.67%, 02/02/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD23 | 22763 |
| &nbsp;&nbsp;&nbsp; 6.39%, 11/20/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD856 | 875652 |
| Sesac Finance LLC, 5.50%, 07/25/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,866 | 3855808 |
| Shackleton CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 04/13/31, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD155 | 154888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 08/15/30, (3-mo. CME Term SOFR <br> +1.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD160 | 159600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 07/15/30, (3-mo. CME Term SOFR <br> +1.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD448 | 447509 |
| &nbsp;&nbsp;&nbsp; Signal Harmonic CLO I DAC, 5.42%, <br> 07/15/38, (3-mo. EURIBOR + 3.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,320 | 1524657 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 11 Ltd., 5.33%, <br> 07/18/37, (3-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2507160 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 14 Ltd., 5.16%, <br> 01/22/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,420 | 4428792 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 7 Ltd., 5.30%, <br> 10/20/37, (3-mo. CME Term SOFR <br> +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002680 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 8 Ltd., 5.27%, <br> 10/20/37, (3-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,700 | 8721750 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 11 Ltd, 5.63%, <br> 07/15/38, (3-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4010540 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 12 Ltd., 5.29%, <br> 10/15/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2506361 |
| Silver Point CLO 13 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 10/15/38, (3-mo. CME Term SOFR <br> +1.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 10/15/38, (3-mo. CME Term SOFR <br> +2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2000000 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 4 Ltd., 5.53%, <br> 04/15/37, (3-mo. CME Term SOFR <br> +1.63%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2007680 |
| &nbsp;&nbsp;&nbsp; Silver Point Clo 5 Ltd., 7.13%, <br> 10/20/37, (3-mo. CME Term SOFR <br> +3.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1007452 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 6 Ltd., 5.30%, <br> 10/15/37, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5009944 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 7 Ltd., 5.26%, <br> 01/15/38, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,170 | 8193067 |
| Silver Point CLO 8 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 04/15/38, (3-mo. CME Term SOFR <br> +1.21%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3003742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.05%, 04/15/38, (3-mo. CME Term SOFR <br> +5.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 987410 |
| &nbsp;&nbsp;&nbsp; Silver Point Euro Clo 1 DAC, 1.00%, <br> 01/15/39, (3-mo. EURIBOR + 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,257 | 1448881 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIII Ltd., 5.09%, <br> 01/21/38, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001346 |
| Sixth Street CLO XIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 01/20/38, (3-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,735 | 3732575 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 01/20/38, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,200 | $5196658 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIX Ltd, 5.48%, <br> 07/17/38, (3-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 500982 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XVII Ltd., 5.03%, <br> 04/17/38, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1749064 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XVIII Ltd., 6.58%, <br> 10/17/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,600 | 1605039 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XX Ltd., 5.53%, <br> 07/17/38, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250499 |
| SLM Private Credit Student Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 12/16/41, (3-mo. CME Term SOFR <br> +0.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD318 | 312206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 09/15/33, (3-mo. CME Term SOFR <br> +0.69%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD194 | 191516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2004-A, Class A3, 4.70%, <br> 06/15/33, (3-mo. CME Term SOFR <br> +0.66%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD198 | 197698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-A, Class A4, 4.61%, <br> 12/15/38, (3-mo. CME Term SOFR <br> +0.57%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,174 | 1157518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-A, Class A5, 4.59%, <br> 06/15/39, (3-mo. CME Term SOFR <br> +0.55%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD72 | 69628 |
| &nbsp;&nbsp;&nbsp; SLM Private Education Loan Trust, 8.90%, <br> 10/15/41, (1-mo. CME Term SOFR <br> +4.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,366 | 2477597 |
| SMB Private Education Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.44%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD79 | 78158 |
| &nbsp;&nbsp;&nbsp; 2.76%, 07/15/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,016 | 925141 |
| &nbsp;&nbsp;&nbsp; 2.31%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,709 | 2645537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/53, (1-mo. CME Term SOFR <br> +0.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,511 | 1499633 |
| &nbsp;&nbsp;&nbsp; 2.30%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,033 | 1008412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 02/16/55, (30-day Avg SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,206 | 1217032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/37, (1-mo. CME Term SOFR <br> +1.11%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD432 | 432276 |
| &nbsp;&nbsp;&nbsp; 4.48%, 05/16/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD789 | 787472 |
| &nbsp;&nbsp;&nbsp; 1.59%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,146 | 4760557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 10/16/56, (30-day Avg SOFR + <br> 1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,436 | 2484538 |
| &nbsp;&nbsp;&nbsp; 2.84%, 06/15/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD152 | 148671 |
| &nbsp;&nbsp;&nbsp; 1.34%, 03/17/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD111 | 105053 |
| &nbsp;&nbsp;&nbsp; 2.23%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD93 | 90387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/35, (1-mo. CME Term SOFR <br> +0.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD42 | 41622 |
| &nbsp;&nbsp;&nbsp; 5.67%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,780 | 1829013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/52, (30-day Avg SOFR + <br> 1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,068 | 4108799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 09/15/37, (1-mo. CME Term SOFR <br> +0.94%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD938 | 936965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 01/15/37, (1-mo. CME Term SOFR <br> +0.83%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD111 | 110493 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/15/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11 | 10653 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/17/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD91 | 90292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 01/15/53, (1-mo. CME Term SOFR <br> +0.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,935 | 1916128 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD19 | 19252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/15/36, (1-mo. CME Term SOFR <br> +0.98%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD608 | 607437 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 09/15/54, (1-mo. CME Term SOFR <br> +0.96%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD494 | $492147 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD380 | 340597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 01/15/53, (30-day Avg SOFR + <br> 1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,498 | 1512490 |
| &nbsp;&nbsp;&nbsp; 1.07%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,071 | 979405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/53, (1-mo. CME Term SOFR <br> +1.21%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD158 | 158347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 03/15/56, (30-day Avg SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,389 | 3426177 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/56<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD669 | 687928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 09/15/54, (1-mo. CME Term SOFR <br> +0.96%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,005 | 2991102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/36, (1-mo. CME Term SOFR <br> +0.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD107 | 106516 |
| &nbsp;&nbsp;&nbsp; 6.15%, 10/15/58<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,435 | 1484891 |
| &nbsp;&nbsp;&nbsp; 1.39%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD220 | 203262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/17/52, (30-day Avg SOFR + <br> 1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,635 | 1629284 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/16/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD438 | 406692 |
| &nbsp;&nbsp;&nbsp; 5.09%, 05/16/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,072 | 4991308 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,600 | 3379518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/15/53, (30-day Avg SOFR + <br> 1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD423 | 422010 |
| &nbsp;&nbsp;&nbsp; 3.56%, 06/15/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD9,155 | 8770455 |
| SoFi Consumer Loan Program Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/27/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD9,037 | 9052226 |
| &nbsp;&nbsp;&nbsp; 5.12%, 02/27/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,393 | 4438893 |
| SoFi Personal Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/12/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD49 | 49674 |
| &nbsp;&nbsp;&nbsp; 6.06%, 02/12/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD422 | 423993 |
| &nbsp;&nbsp;&nbsp; Sofi Professional Loan Program LLC, 3.09%, <br> 08/17/48<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD747 | 733836 |
| SoFi Professional Loan Program LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.59%, 01/25/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD17 | 17156 |
| &nbsp;&nbsp;&nbsp; 3.12%, 05/15/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD365 | 322887 |
| &nbsp;&nbsp;&nbsp; 3.36%, 02/15/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD537 | 462910 |
| &nbsp;&nbsp;&nbsp; 1.95%, 02/15/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,733 | 1628765 |
| &nbsp;&nbsp;&nbsp; 1.14%, 02/15/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,568 | 1378400 |
| SoFi Professional Loan Program Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.17%, 05/15/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,373 | 1297555 |
| &nbsp;&nbsp;&nbsp; 2.73%, 05/15/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,350 | 1123885 |
| &nbsp;&nbsp;&nbsp; Sona Fios CLO III DAC, 5.25%, <br> 04/20/37, (3-mo. EURIBOR + 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,800 | 2077269 |
| &nbsp;&nbsp;&nbsp; Sona Fios CLO V DAC, 5.33%, <br> 08/25/38, (3-mo. EURIBOR + 3.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,200 | 1385856 |
| Sound Point CLO V-R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/18/31, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD346 | 345542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 07/18/31, (3-mo. CME Term SOFR <br> +2.01%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 998203 |
| &nbsp;&nbsp;&nbsp; Sound Point CLO XXV Ltd., 5.14%, <br> 04/25/33, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD822 | 823480 |
| &nbsp;&nbsp;&nbsp; Sound Point CLO XXVIII Ltd., 5.14%, <br> 01/25/32, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,495 | 8501006 |
| &nbsp;&nbsp;&nbsp; Sound Point CLO XXXII Ltd., 5.27%, <br> 10/25/34, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3001449 |
| &nbsp;&nbsp;&nbsp; Sounds Point CLO IV-R Ltd., 5.30%, <br> 04/18/31, (3-mo. CME Term SOFR <br> +1.41%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,304 | 3304653 |
| &nbsp;&nbsp;&nbsp; Soundview Home Loan Trust, 4.63%, <br> 01/25/37, (1-mo. CME Term SOFR <br> +0.64%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD269 | 272655 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; STAR Trust, 6.48%, 02/17/42, (1-mo. CME <br> Term SOFR +2.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,667 | $1667718 |
| &nbsp;&nbsp;&nbsp; Stream Innovations Issuer Trust, 5.05%, <br> 09/15/45<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,797 | 1810258 |
| Subway Funding LLC, 6.03%, 07/30/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,101 | 1114169 |
| Sunrise Spv 97 Srl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.18%, 10/27/50, (1-mo. EURIBOR + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR215 | 246728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 10/27/50, (1-mo. EURIBOR + <br> 1.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.93%, 10/27/50, (1-mo. EURIBOR + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR669 | 770043 |
| Sycamore Tree CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/20/36, (3-mo. CME Term SOFR <br> +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 04/20/37, (3-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1003500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 04/20/37, (3-mo. CME Term SOFR <br> +2.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1006486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 04/20/38, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3004645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 10/20/38, (3-mo. CME Term SOFR <br> +2.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3011676 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 30 Ltd., 5.83%, <br> 10/20/37, (3-mo. CME Term SOFR <br> +1.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1005989 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 37 Ltd., 8.78%, <br> 01/20/37, (3-mo. CME Term SOFR <br> +4.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 999996 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 40 Ltd., 5.22%, <br> 01/05/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2003827 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 43 Ltd., 5.42%, <br> 04/15/37, (3-mo. CME Term SOFR <br> +1.52%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2005730 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 44 Ltd., 10.06%, <br> 07/14/37, (3-mo. CME Term SOFR <br> +6.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1012135 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XIX Ltd., 5.12%, <br> 04/16/31, (3-mo. CME Term SOFR <br> +1.22%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD482 | 482356 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XVI Ltd., 5.10%, <br> 10/15/31, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,686 | 1686776 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XX Ltd., 5.44%, <br> 01/16/32, (3-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1005102 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXVI Ltd., 5.23%, <br> 04/20/33, (3-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,185 | 1184938 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXXIII Ltd., 5.13%, <br> 01/24/38, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001991 |
| Taco Bell Funding LLC, 4.82%, 08/25/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,528 | 5500387 |
| &nbsp;&nbsp;&nbsp; TAGUS - Sociedade de Titularizacao de <br> Creditos SA/Silk Finance No. 6<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/25/39, (3-mo. EURIBOR + <br> 1.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 12/25/39, (3-mo. EURIBOR + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 345704 |
| &nbsp;&nbsp;&nbsp; TAGUS-Sociedade de Titularizacao de <br> Creditos SA/Vasco Finance No. 2<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 10/27/42, (1-mo. EURIBOR + <br> 2.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 116505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 10/27/42, (1-mo. EURIBOR + <br> 1.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR87 | 100899 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 10/27/42, (1-mo. EURIBOR + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR87 | $101451 |
| &nbsp;&nbsp;&nbsp; TAGUS-Sociedade de Titularizacao de <br> Creditos SA/Vasco Finance No. 3<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 10/27/43, (1-mo. EURIBOR + <br> 0.93%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,200 | 2538112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 10/27/43, (1-mo. EURIBOR + <br> 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR300 | 345799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 10/27/43, (1-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.62%, 10/27/43, (1-mo. EURIBOR + <br> 1.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 115267 |
| &nbsp;&nbsp;&nbsp; TCI-Symphony CLO Ltd., 5.10%, <br> 07/15/30, (3-mo. CME Term SOFR <br> +1.19%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD164 | 164492 |
| &nbsp;&nbsp;&nbsp; TCW CLO Ltd., 5.15%, 01/20/38, (3-mo. CME <br> Term SOFR +1.27%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 751453 |
| &nbsp;&nbsp;&nbsp; Terwin Mortgage Trust, 5.13%, <br> 06/25/36, (1-mo. CME Term SOFR <br> +1.13%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,322 | 1231328 |
| Texas Debt Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.86%, 04/22/37, (3-mo. CME Term SOFR <br> +6.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2011711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/20/38, (3-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3022476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 07/20/38, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5010056 |
| &nbsp;&nbsp;&nbsp; Texas Debt Capital Euro CLO DAC, 5.62%, <br> 07/16/38, (3-mo. EURIBOR + 3.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR828 | 956045 |
| &nbsp;&nbsp;&nbsp; Thayer Park CLO Ltd., 5.19%, <br> 04/20/34, (3-mo. CME Term SOFR <br> +1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1000355 |
| &nbsp;&nbsp;&nbsp; TIAA CLO IV Ltd., 5.63%, 01/20/32, (3-mo. <br> CME Term SOFR +1.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,240 | 1238559 |
| &nbsp;&nbsp;&nbsp; TICP CLO VI Ltd., 5.29%, 01/15/34, (3-mo. <br> CME Term SOFR +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250111 |
| &nbsp;&nbsp;&nbsp; TICP CLO VII Ltd., 5.80%, 04/15/33, (3-mo. <br> CME Term SOFR +1.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001949 |
| &nbsp;&nbsp;&nbsp; TICP CLO XI Ltd., 5.39%, 04/25/37, (3-mo. <br> CME Term SOFR +1.53%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD400 | 401195 |
| &nbsp;&nbsp;&nbsp; Tikehau CLO VI DAC, 5.61%, <br> 01/15/35, (3-mo. EURIBOR + 3.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1148515 |
| &nbsp;&nbsp;&nbsp; Tikehau CLO XII DAC, 5.25%, <br> 10/20/38, (3-mo. EURIBOR + 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,300 | 1493677 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, 5.80%, <br> 01/25/65<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,103 | 5153339 |
| &nbsp;&nbsp;&nbsp; Trestles CLO II Ltd., 5.43%, 07/25/37, (3-mo. <br> CME Term SOFR +1.57%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 752250 |
| &nbsp;&nbsp;&nbsp; Trestles CLO III Ltd., 9.98%, 10/20/37, (3-mo. <br> CME Term SOFR +6.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1006900 |
| &nbsp;&nbsp;&nbsp; Trestles CLO IV Ltd., 5.30%, 07/21/34, (3-mo. <br> CME Term SOFR +1.43%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,530 | 3530092 |
| &nbsp;&nbsp;&nbsp; Trestles CLO IX Ltd., 5.13%, 01/15/39, (3-mo. <br> CME Term SOFR +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,000 | 6000000 |
| &nbsp;&nbsp;&nbsp; TRESTLES CLO Ltd., 7.01%, <br> 07/25/37, (3-mo. CME Term SOFR <br> +3.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501844 |
| &nbsp;&nbsp;&nbsp; Trestles CLO VI Ltd., 5.04%, 04/25/38, (3-mo. <br> CME Term SOFR +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,670 | 5670555 |
| &nbsp;&nbsp;&nbsp; Trestles CLO VII Ltd., 5.24%, 10/25/37, (3-mo. <br> CME Term SOFR +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002806 |
| &nbsp;&nbsp;&nbsp; Trestles CLO VIII Ltd., 5.63%, <br> 06/11/35, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,250 | 4256141 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| TREVA Equipment Finance SA - Compartment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 01/20/35, (1-mo. EURIBOR + <br> 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR79 | $90989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 01/20/35, (1-mo. EURIBOR + <br> 0.64%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR395 | 455649 |
| Tricon Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/17/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,818 | 1812629 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/17/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,370 | 1362418 |
| &nbsp;&nbsp;&nbsp; Trimaran Cavu Ltd., 7.37%, 10/25/34, (3-mo. <br> CME Term SOFR +3.51%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1751727 |
| Trimaran CAVU Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 10/22/37, (3-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4009688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 01/25/38, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4011030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.11%, 01/25/38, (3-mo. CME Term SOFR <br> +6.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,750 | 3784949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 03/27/38, (3-mo. CME Term SOFR <br> +1.24%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2002534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.03%, 03/18/38, (3-mo. CME Term SOFR <br> +3.05%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3002560 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO VII Ltd., 4.92%, 01/25/35, (3-mo. <br> CME Term SOFR +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2997165 |
| Trinitas CLO XIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 01/25/34, (3-mo. CME Term SOFR <br> +1.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,405 | 2404073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 01/25/34, (3-mo. CME Term SOFR <br> +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,245 | 1242755 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XVI Ltd., 5.01%, <br> 07/20/34, (3-mo. CME Term SOFR <br> +1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,430 | 3430068 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXIII Ltd., 5.19%, <br> 10/20/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007575 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXIX Ltd., 7.26%, <br> 07/23/37, (3-mo. CME Term SOFR <br> +3.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1005788 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXX Ltd., 10.76%, <br> 10/23/37, (3-mo. CME Term SOFR <br> +6.90%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1538325 |
| Trinitas CLO XXXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/23/38, (3-mo. CME Term SOFR <br> +1.33%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3007103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.07%, 07/23/38, (3-mo. CME Term SOFR <br> +5.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 747726 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXXIII Ltd., 10.27%, <br> 07/22/38, (3-mo. CME Term SOFR <br> +5.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2003354 |
| &nbsp;&nbsp;&nbsp; Truist Bank Auto Credit-Linked Notes Series, <br> 4.73%, 09/26/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,166 | 5162358 |
| Upgrade Master Pass-Thru Trust Series |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/16/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,743 | 1747427 |
| &nbsp;&nbsp;&nbsp; 5.10%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,342 | 2339428 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD517 | 517552 |
| &nbsp;&nbsp;&nbsp; 4.55%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,015 | 5012772 |
| &nbsp;&nbsp;&nbsp; 4.98%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,826 | 1822812 |
| UPX HIL Issuer Trust, 5.16%, 01/25/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,384 | 5399449 |
| &nbsp;&nbsp;&nbsp; Valley Stream Park CLO Ltd., 5.73%, <br> 01/20/37, (3-mo. CME Term SOFR <br> +1.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,840 | 5837080 |
| &nbsp;&nbsp;&nbsp; Vantage Data Centers Germany Borrower Lux <br> Sarl, 4.29%, 06/28/50<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR597 | 700722 |
| &nbsp;&nbsp;&nbsp; Vantage Data Centers Jersey Borrower Spv <br> Ltd., 6.17%, 05/28/39<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP480 | 647673 |
| Verizon Master Trust, 4.83%, 12/22/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD345 | 352890 |
| Victory Street CLO, 1.00%, 01/15/39 | &nbsp;&nbsp;&nbsp; EUR4,200 | 4841130 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Victory Street CLO I DAC, 5.48%, <br> 01/15/38, (3-mo. EURIBOR + 3.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,250 | $1442752 |
| Vista Point Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; 6.68%, 05/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,448 | 1462936 |
| &nbsp;&nbsp;&nbsp; 5.30%, 11/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD11,856 | 11856327 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 10/17/32, (3-mo. CME Term SOFR <br> +1.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 07/15/31, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD59 | 59011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 07/20/32, (3-mo. CME Term SOFR <br> +1.20%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,767 | 2768811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/19/31, (3-mo. CME Term SOFR <br> +1.56%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,050 | 1048933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 04/25/31, (3-mo. CME Term SOFR <br> +1.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD91 | 91465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/19/31, (3-mo. CME Term SOFR <br> +1.21%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD219 | 219074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 01/20/38, (3-mo. CME Term SOFR <br> +1.31%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 10/20/31, (3-mo. CME Term SOFR <br> +0.96%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,903 | 1884635 |
| &nbsp;&nbsp;&nbsp; Voya Euro CLO IV DAC, 5.11%, <br> 10/15/34, (3-mo. EURIBOR + 3.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR500 | 573015 |
| &nbsp;&nbsp;&nbsp; Voya Ltd. Series 2012-4, , 5.17%, <br> 10/15/30, (3-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD16 | 16145 |
| Warwick Capital CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/20/38, (3-mo. CME Term SOFR <br> +1.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2002935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.77%, 10/20/38, (3-mo. CME Term SOFR <br> +2.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004987 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO 5 Ltd., 5.24%, <br> 01/20/38, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD500 | 501392 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO 6 Ltd., 5.53%, <br> 07/20/38, (3-mo. CME Term SOFR <br> +1.43%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,620 | 1624814 |
| &nbsp;&nbsp;&nbsp; Wehle Park CLO Ltd., 6.65%, <br> 10/21/38, (3-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2993365 |
| &nbsp;&nbsp;&nbsp; Wellfleet CLO Ltd., 5.32%, 07/15/37, (3-mo. <br> CME Term SOFR +1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2004911 |
| &nbsp;&nbsp;&nbsp; Wellington Management CLO 4 Ltd., 5.03%, <br> 04/18/38, (3-mo. CME Term SOFR <br> +1.15%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | 3498169 |
| Whitebox CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 07/24/36, (3-mo. CME Term SOFR <br> +1.32%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,435 | 4438582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.12%, 07/24/36, (3-mo. CME Term SOFR <br> +4.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,960 | 1959869 |
| Whitebox CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/24/37, (3-mo. CME Term SOFR <br> +1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,750 | 1754680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 10/24/37, (3-mo. CME Term SOFR <br> +1.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 250061 |
| Whitebox CLO III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/35, (3-mo. CME Term SOFR <br> +2.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD750 | 753683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.55%, 10/15/35, (3-mo. CME Term SOFR <br> +5.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1472796 |
| &nbsp;&nbsp;&nbsp; Whitebox Clo V Ltd., 5.95%, 07/20/38, (3-mo. <br> CME Term SOFR +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1001849 |
| Wildwood Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 10/20/37, (3-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3008131 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 10/20/37, (3-mo. CME Term SOFR <br> +5.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | $1006385 |
| &nbsp;&nbsp;&nbsp; Wireless PropCo Funding LLC, 8.51%, <br> 06/25/55<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,225 | 9432969 |
| **Total Asset-Backed Securities — 17.2%** <br>**(Cost: $2,360,966,541)** | **Total Asset-Backed Securities — 17.2%** <br>**(Cost: $2,360,966,541)** | 2371361133 |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Asset-Backed Securities — 0.4%** | **Asset-Backed Securities — 0.4%** | **Asset-Backed Securities — 0.4%** |
| &nbsp;&nbsp;&nbsp; Domi BV, 2.74%, 04/16/57, (3-mo. EURIBOR <br> + 0.71%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,514 | 1746329 |
| &nbsp;&nbsp;&nbsp; Edenbrook Mortgage Funding PLC, 4.86%, <br> 03/22/57, (1-day SONIA + 0.87%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP554 | 729125 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.72%, 12/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,633 | 6716246 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/25/53<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,643 | 5729284 |
| Hops Hill NO 5 PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/21/56, (1-day SONIA + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP249 | 326299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/21/56, (1-day SONIA + <br> 1.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 130956 |
| &nbsp;&nbsp;&nbsp; Hops Hill No. 5 PLC, 4.78%, 06/21/56, (1-day <br> SONIA + 0.73%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP897 | 1178115 |
| London Bridge Mortgages PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 03/20/67, (1-day SONIA + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP310 | 407861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/20/67, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131595 |
| London Wall Mortgage Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 05/15/57, (1-day SONIA + <br> 1.50%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP378 | 497981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 05/15/57, (1-day SONIA + <br> 2.00%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP282 | 370042 |
| RCKT Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.49%, 11/25/44<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,418 | 5451024 |
| &nbsp;&nbsp;&nbsp; 6.59%, 05/25/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,313 | 1331106 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.12%, 09/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,687 | 3687117 |
| &nbsp;&nbsp;&nbsp; 5.17%, 09/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 2995016 |
| &nbsp;&nbsp;&nbsp; 5.73%, 11/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD9,603 | 9678300 |
| &nbsp;&nbsp;&nbsp; Tower Bridge Funding PLC, 5.09%, 12/20/66, <br> (1-day SONIA + 1.10%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP333 | 436757 |
| Vista Point Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,986 | 5972738 |
| &nbsp;&nbsp;&nbsp; 5.68%, 01/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,772 | 6797743 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,000 | 1011088 |
|  |  | 55324722 |
| **Financial — 0.0%** | **Financial — 0.0%** | **Financial — 0.0%** |
| Taurus 2025-4 UK DAC, 5.97%, 08/18/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP129 | 169452 |
| **Mortgage Securities — 0.3%** | **Mortgage Securities — 0.3%** | **Mortgage Securities — 0.3%** |
| &nbsp;&nbsp;&nbsp; Cross 2025-CES1 Mortgage Trust, 5.00%, <br> 11/25/70<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,072 | 10077829 |
| PENN Commercial Mortgage Trust 2025-P11 |  |  |
| &nbsp;&nbsp;&nbsp; 5.34%, 08/10/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,364 | 6469615 |
| &nbsp;&nbsp;&nbsp; 6.51%, 08/10/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,516 | 5616024 |
| PRPM 2025-NQM3 Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.61%, 05/25/70<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11,195 | 11268098 |
| &nbsp;&nbsp;&nbsp; 6.94%, 05/25/70<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,018 | 3019721 |
|  |  | 36451287 |
| **Mortgage-Backed Securities — 21.2%** | **Mortgage-Backed Securities — 21.2%** | **Mortgage-Backed Securities — 21.2%** |
| 1301 Trust, 8.10%, 08/11/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD10,595 | 10701287 |
| 1345T |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/42, (1-mo. CME Term SOFR <br> +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD13,575 | 13600453 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.53%, 06/15/42, (1-mo. CME Term SOFR <br> +4.5%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,711 | $11802581 |
| 2023-MIC Trust (The), 8.44%, 12/05/38<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,040 | 6531477 |
| &nbsp;&nbsp;&nbsp; 280 Park Avenue Mortgage Trust, Series <br> 2017-280P, Class A, 5.26%, 09/15/34, <br> (1-mo. CME Term SOFR +1.18%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,941 | 2917104 |
| A&D Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.46%, 08/25/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,425 | 1427673 |
| &nbsp;&nbsp;&nbsp; 5.70%, 11/25/69<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,904 | 6190066 |
| &nbsp;&nbsp;&nbsp; 5.79%, 06/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,539 | 4574182 |
| &nbsp;&nbsp;&nbsp; 6.20%, 02/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD644 | 648950 |
| ACRA Trust, 5.61%, 10/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,924 | 5948089 |
| ADMT, 5.67%, 01/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD9,130 | 9173826 |
| &nbsp;&nbsp;&nbsp; Ajax Mortgage Loan Trust, 3.50%, <br> 03/27/62<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,084 | 2996190 |
| ALA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 06/15/40, (1-mo. CME Term SOFR <br> +1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,577 | 7605414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.12%, 06/15/40, (1-mo. CME Term SOFR <br> +3.09%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,559 | 4576096 |
| &nbsp;&nbsp;&nbsp; Alternative Loan Trust, 6.73%, 02/25/35, <br> (1-mo. CME Term SOFR +2.74%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,503 | 3359036 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.99%, 04/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,859 | 3359027 |
| &nbsp;&nbsp;&nbsp; 1.19%, 04/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD230 | 199809 |
| &nbsp;&nbsp;&nbsp; 1.31%, 07/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,369 | 1197407 |
| &nbsp;&nbsp;&nbsp; 1.45%, 04/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,405 | 2105432 |
| &nbsp;&nbsp;&nbsp; 1.47%, 06/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD153 | 147190 |
| &nbsp;&nbsp;&nbsp; 2.04%, 06/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD335 | 323382 |
| &nbsp;&nbsp;&nbsp; 2.88%, 12/25/66<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,497 | 1409688 |
| &nbsp;&nbsp;&nbsp; 3.35%, 01/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD554 | 526767 |
| &nbsp;&nbsp;&nbsp; 3.86%, 01/26/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD80 | 77543 |
| &nbsp;&nbsp;&nbsp; 3.86%, 01/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,063 | 1913743 |
| &nbsp;&nbsp;&nbsp; 4.12%, 01/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD8,313 | 7794495 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/26/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD4,309 | 4286346 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/26/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,483 | 2472640 |
| &nbsp;&nbsp;&nbsp; 4.98%, 10/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD9,201 | 9171952 |
| &nbsp;&nbsp;&nbsp; 5.14%, 09/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,358 | 6346797 |
| &nbsp;&nbsp;&nbsp; 5.21%, 08/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,131 | 1129535 |
| &nbsp;&nbsp;&nbsp; 5.35%, 10/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,726 | 6754704 |
| &nbsp;&nbsp;&nbsp; 5.41%, 07/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD7,587 | 7629688 |
| &nbsp;&nbsp;&nbsp; 5.46%, 12/26/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,154 | 5180089 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD10,848 | 10927608 |
| &nbsp;&nbsp;&nbsp; 5.64%, 02/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD4,023 | 4053276 |
| &nbsp;&nbsp;&nbsp; 5.65%, 10/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD12,234 | 12322890 |
| &nbsp;&nbsp;&nbsp; 5.69%, 01/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,426 | 3454401 |
| &nbsp;&nbsp;&nbsp; 5.70%, 08/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,921 | 2943720 |
| &nbsp;&nbsp;&nbsp; 5.99%, 01/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,474 | 1486646 |
| &nbsp;&nbsp;&nbsp; 6.20%, 01/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,661 | 1680283 |
| &nbsp;&nbsp;&nbsp; 6.50%, 12/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD193 | 193975 |
| AOMT 2024-6, 4.65%, 11/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD873 | 866577 |
| &nbsp;&nbsp;&nbsp; Arbor Multifamily Mortgage Securities Trust, <br> 1.75%, 05/15/53<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD190 | 153810 |
| ARES Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 07/15/41, (1-mo. CME Term SOFR <br> +1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,030 | 8045056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.97%, 07/15/41, (1-mo. CME Term SOFR <br> +3.94%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1501162 |
| &nbsp;&nbsp;&nbsp; ARES1 2024-IND2, 5.48%, 10/15/34, (1-mo. <br> CME Term SOFR +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,970 | 11977481 |
| Arroyo Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.96%, 10/25/48<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD364 | 349125 |
| &nbsp;&nbsp;&nbsp; 3.81%, 01/25/49<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD456 | 445201 |
| ARZ Trust, 5.77%, 06/11/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,430 | 2497280 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| Atlas Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/20/67, (1-day SONIA + <br> 0.79%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5,082 | $6676971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/20/67, (1-day SONIA + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP632 | 830258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/20/67, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP195 | 256171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/20/67, (1-day SONIA + <br> 2.97%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP683 | 897257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/20/67, (1-day SONIA + <br> 3.07%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP499 | 655536 |
| &nbsp;&nbsp;&nbsp; 4.83%, 09/20/61<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP505 | 665610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 09/20/61, (1-day SONIA + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP101 | 133592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 09/20/61, (1-day SONIA + <br> 1.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132278 |
| ATLX Trust, 3.85%, 04/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,288 | 6111120 |
| Atrium Hotel Portfolio Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.41%, 11/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,900 | 8043832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 08/15/42, (1-mo. CME Term SOFR <br> +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,431 | 5442678 |
| &nbsp;&nbsp;&nbsp; 9.21%, 11/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,855 | 4983364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.53%, 08/15/42, (1-mo. CME Term SOFR <br> +5.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,168 | 8171024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.78%, 08/15/42, (1-mo. CME Term SOFR <br> +6.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,467 | 1467520 |
| BAHA Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.97%, 12/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD9,840 | 10177794 |
| &nbsp;&nbsp;&nbsp; 6.84%, 12/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,160 | 2251301 |
| &nbsp;&nbsp;&nbsp; 7.52%, 12/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD8,225 | 8572485 |
| &nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities <br> Trust, 5.83%, 09/15/40, (1-mo. CME Term <br> SOFR +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,437 | 8442273 |
| &nbsp;&nbsp;&nbsp; BAMLL Trust, 6.38%, 08/15/39, (1-mo. CME <br> Term SOFR +2.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,800 | 1803401 |
| &nbsp;&nbsp;&nbsp; Bank of America Merrill Lynch Commercial <br> Mortgage Trust, 3.75%, 02/15/50<br>| &nbsp;&nbsp;&nbsp; USD420 | 413437 |
| Bank5, 6.23%, 05/15/57 | &nbsp;&nbsp;&nbsp; USD2,189 | 2307556 |
| Barclays Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.14%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD16,711 | 17182433 |
| &nbsp;&nbsp;&nbsp; 5.64%, 05/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD14,044 | 14117253 |
| &nbsp;&nbsp;&nbsp; 5.90%, 01/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,658 | 2673963 |
| &nbsp;&nbsp;&nbsp; BAY Mortgage Trust, 5.83%, 05/15/35, (1-mo. <br> CME Term SOFR +1.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,140 | 9155922 |
| &nbsp;&nbsp;&nbsp; Bayview Commercial Mortgage Pass-Through <br> Trust, 5.76%, 04/25/36, (1-mo. CME Term <br> SOFR +1.76%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD935 | 913902 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/58<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,385 | 1894599 |
| &nbsp;&nbsp;&nbsp; 5.59%, 07/15/58<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,541 | 2683082 |
| &nbsp;&nbsp;&nbsp; 5.66%, 05/15/58 | &nbsp;&nbsp;&nbsp; USD6,649 | 6968957 |
| &nbsp;&nbsp;&nbsp; 5.84%, 07/15/58<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,100 | 2209510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TALL, Class A, 4.95%, <br> 03/15/37, (1-mo. CME Term SOFR <br> +0.92%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 3770000 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.81%, 07/15/56<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,997 | 57991 |
| &nbsp;&nbsp;&nbsp; 5.18%, 10/15/58 | &nbsp;&nbsp;&nbsp; USD13,065 | 13447303 |
| BFLD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.67%, 10/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,576 | 4572678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 11/15/42, (1-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,938 | 8949172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 11/15/41, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,340 | 5343337 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.71%, 11/15/42, (1-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,788 | $7802602 |
| &nbsp;&nbsp;&nbsp; 9.83%, 10/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD12,050 | 12001639 |
| &nbsp;&nbsp;&nbsp; BFLD Mortgage Trust, 5.92%, 07/15/41, <br> (1-mo. CME Term SOFR +1.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,300 | 6321656 |
| BFLD Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 06/15/42, (1-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,385 | 8412639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/15/42, (1-mo. CME Term SOFR <br> +2.10%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,210 | 1213938 |
| &nbsp;&nbsp;&nbsp; 6.66%, 10/10/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,877 | 1888806 |
| &nbsp;&nbsp;&nbsp; BHMS Commercial Mortgage Trust, 5.88%, <br> 08/15/42, (1-mo. CME Term SOFR <br> +1.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,846 | 8868115 |
| &nbsp;&nbsp;&nbsp; BINOM Securitization Trust, 2.03%, <br> 06/25/56<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,373 | 1263807 |
| Bletchley Park Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 01/27/70, (1-day SONIA + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP366 | 481852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 01/27/70, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 01/27/70, (1-day SONIA + <br> 1.88%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP131 | 173093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.36%, 01/27/70, (1-day SONIA + <br> 3.38%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP180 | 236709 |
| BLP Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 03/15/41, (1-mo. CME Term SOFR <br> +1.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,754 | 4755111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 03/15/40, (1-mo. CME Term SOFR <br> +1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,135 | 1135450 |
| BMP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/15/41, (1-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,555 | 6559097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.42%, 06/15/41, (1-mo. CME Term SOFR <br> +3.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,380 | 2377070 |
| &nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust, 5.95%, <br> 08/15/41, (1-mo. CME Term SOFR <br> +1.92%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,000 | 6018750 |
| BPR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.11%, 11/05/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD12,500 | 12525676 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/05/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,050 | 4158174 |
| BPR Mortgage Trust, 7.50%, 12/05/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,250 | 5470333 |
| &nbsp;&nbsp;&nbsp; BPR Trust, 5.20%, 09/15/38, (1-mo. CME <br> Term SOFR +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,822 | 5819771 |
| Braccan Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 02/15/67, (1-day SONIA + <br> 0.84%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,120 | 1474617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 05/17/67, (1-day SONIA + <br> 0.84%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP888 | 1169013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 05/17/67, (1-day SONIA + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP182 | 239878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 02/15/67, (1-day SONIA + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP405 | 531213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 05/17/67, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP104 | 137090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.33%, 02/15/67, (1-day SONIA + <br> 4.34%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP469 | 620117 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.44%, 03/25/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 302756 |
| &nbsp;&nbsp;&nbsp; 1.96%, 04/25/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,455 | 1357218 |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/01/53<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD9,696 | 9608777 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/25/60<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,317 | 1299209 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/25/60<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD878 | 864360 |
| &nbsp;&nbsp;&nbsp; 5.11%, 07/25/62<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,492 | 1488644 |
| &nbsp;&nbsp;&nbsp; 5.57%, 03/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,204 | 1212968 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 5.61%, 02/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD12,942 | $13057950 |
| &nbsp;&nbsp;&nbsp; 5.68%, 11/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,903 | 2925882 |
| &nbsp;&nbsp;&nbsp; 5.76%, 01/25/63<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,140 | 2136810 |
| &nbsp;&nbsp;&nbsp; 6.19%, 03/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,029 | 1038802 |
| &nbsp;&nbsp;&nbsp; 7.91%, 02/25/64<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,300 | 1321954 |
| &nbsp;&nbsp;&nbsp; 8.26%, 10/25/63<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,186 | 4249631 |
| &nbsp;&nbsp;&nbsp; BRES Commercial Mortgage Trust, 5.49%, <br> 11/15/42, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,581 | 6564286 |
| BSTN Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.06%, 04/13/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,820 | 1831290 |
| &nbsp;&nbsp;&nbsp; 5.37%, 06/15/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,612 | 5786621 |
| BWAY Mortgage Trust, 3.93%, 03/10/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,000 | 833549 |
| BWAY Trust, 6.31%, 05/05/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,867 | 6080182 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/15/39, (1-mo. CME Term SOFR <br> +1.01%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD443 | 442313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 03/15/41, (1-mo. CME Term SOFR <br> +1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,755 | 4758417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 02/15/39, (1-mo. CME Term SOFR <br> +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,198 | 5204329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 02/15/39, (1-mo. CME Term SOFR <br> +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,239 | 8244304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 04/15/40, (1-mo. CME Term SOFR <br> +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,208 | 6207624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 10/15/41, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,043 | 6050388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 03/15/34, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,382 | 1383439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 05/15/34, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,927 | 5930677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 11/15/41, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,750 | 5750000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 12/15/39, (1-mo. CME Term SOFR <br> +1.64%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,501 | 2504211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 05/15/41, (1-mo. CME Term SOFR <br> +1.64%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,359 | 9365039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 08/15/39, (1-mo. CME Term SOFR <br> +1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,014 | 11028105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 04/15/40, (1-mo. CME Term SOFR <br> +1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,100 | 6107429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 12/09/40, (1-mo. CME Term SOFR <br> +1.76%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,774 | 8782198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 10/15/41, (1-mo. CME Term SOFR <br> +1.79%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,837 | 3841516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 12/15/39, (1-mo. CME Term SOFR <br> +1.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD722 | 723747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 03/15/41, (1-mo. CME Term SOFR <br> +2.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,258 | 3264469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.91%, 10/15/41, (1-mo. CME Term SOFR <br> +2.88%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,465 | 6481162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.17%, 06/15/27, (1-mo. CME Term SOFR <br> +3.14%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,900 | 2921750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.77%, 02/15/39, (1-mo. CME Term SOFR <br> +3.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,328 | 1330436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.92%, 06/15/27, (1-mo. CME Term SOFR <br> +3.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD600 | 605250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 10/15/41, (1-mo. CME Term SOFR <br> +5.97%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,210 | 2207785 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/15/39, (1-mo. CME Term SOFR <br> +0.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,850 | 4843937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/36, (1-mo. CME Term SOFR <br> +0.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,300 | 4297466 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/36, (1-mo. CME Term SOFR <br> +0.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,194 | $1193048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 01/15/39, (1-mo. CME Term SOFR <br> +1.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,385 | 5378308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 04/15/41, (1-mo. CME Term SOFR <br> +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,896 | 3897135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 03/15/42, (1-mo. CME Term SOFR <br> +1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,242 | 8239424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/27, (1-mo. CME Term SOFR <br> +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,394 | 5397376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/36, (1-mo. CME Term SOFR <br> +1.46%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD100 | 99817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 04/15/37, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,832 | 1832150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 06/15/41, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD13,011 | 13010987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 06/15/40, (1-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,396 | 4398438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 06/15/37, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,163 | 9168388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 01/15/39, (1-mo. CME Term SOFR <br> +1.58%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD60 | 59888 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/13/47<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,179 | 2243087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 03/15/41, (1-mo. CME Term SOFR <br> +2.09%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,460 | 2460769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 05/15/38, (1-mo. CME Term SOFR <br> +2.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD13,209 | 13217256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 04/15/41, (1-mo. CME Term SOFR <br> +2.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,322 | 1326293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.73%, 01/15/39, (1-mo. CME Term SOFR <br> +2.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,450 | 2445432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.97%, 03/15/30, (1-mo. CME Term SOFR <br> +2.94%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,283 | 4256524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.07%, 03/15/41, (1-mo. CME Term SOFR <br> +3.04%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 999688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.33%, 06/15/35, (1-mo. CME Term SOFR <br> +3.3%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,130 | 5126442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.37%, 05/15/38, (1-mo. CME Term SOFR <br> +3.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 1002500 |
| BXP Trust, 2.78%, 01/15/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 2421206 |
| CAFL Issuer LLC, 6.75%, 11/28/31<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 3036335 |
| &nbsp;&nbsp;&nbsp; Cali, 5.97%, 07/15/41, (1-mo. CME Term <br> SOFR +1.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,580 | 4585725 |
| Castell PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/27/62, (1-day SONIA + <br> 0.97%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP704 | 927934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 01/27/62, (1-day SONIA + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP134 | 176333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 01/27/62, (1-day SONIA + <br> 1.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.98%, 01/27/62, (1-day SONIA + <br> 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.48%, 01/27/62, (1-day SONIA + <br> 3.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP121 | 161030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 01/27/62, (1-day SONIA + <br> 4.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP118 | 155069 |
| CD Mortgage Trust, 4.51%, 08/15/51<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD430 | 420352 |
| &nbsp;&nbsp;&nbsp; CEDR Commercial Mortgage Trust, 5.02%, <br> 02/15/39, (1-mo. CME Term SOFR <br> +0.99%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD300 | 295654 |
| CENT Trust, 4.92%, 07/10/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,335 | 7428490 |
| &nbsp;&nbsp;&nbsp; CFCRE Commercial Mortgage Trust, 3.69%, <br> 05/10/58<br>| &nbsp;&nbsp;&nbsp; USD435 | 432410 |
| CFK Trust, 2.39%, 03/15/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 473455 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/25/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD315 | $302096 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,828 | 3777691 |
| Chase Home Lending Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,428 | 1448853 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,356 | 3401030 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,252 | 1265704 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD718 | 725567 |
| Cheshire PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 06/28/48, (1-day SONIA + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,838 | 2412424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 06/28/48, (1-day SONIA + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP386 | 506657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 06/28/48, (1-day SONIA + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP166 | 217888 |
| &nbsp;&nbsp;&nbsp; CHL Mortgage Pass-Through Trust, 6.00%, <br> 02/25/37<br>| &nbsp;&nbsp;&nbsp; USD4,845 | 1729673 |
| CHNGE Mortgage Trust, 3.01%, 01/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,800 | 1737725 |
| CIM Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.43%, 07/25/61<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,043 | 5476499 |
| &nbsp;&nbsp;&nbsp; 5.66%, 10/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,289 | 3317003 |
| &nbsp;&nbsp;&nbsp; 6.44%, 10/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,561 | 3596054 |
| &nbsp;&nbsp;&nbsp; 6.64%, 12/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD645 | 648719 |
| &nbsp;&nbsp;&nbsp; 6.79%, 12/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,095 | 5142323 |
| &nbsp;&nbsp;&nbsp; 7.06%, 04/25/58<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,095 | 5109377 |
| CIP Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/37, (1-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,606 | 9615006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.85%, 10/15/37, (1-mo. CME Term SOFR <br> +3.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,905 | 4911131 |
| Citadel PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/28/60, (1-day SONIA + <br> 1.02%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,552 | 2043758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 04/28/60, (1-day SONIA + <br> 1.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 04/28/60, (1-day SONIA + <br> 1.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.43%, 04/28/60, (1-day SONIA + <br> 2.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 133641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.73%, 04/28/60, (1-day SONIA + <br> 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 133401 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.46%, 11/10/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD833 | 746721 |
| &nbsp;&nbsp;&nbsp; 3.58%, 04/10/49 | &nbsp;&nbsp;&nbsp; USD1,000 | 994786 |
| &nbsp;&nbsp;&nbsp; 4.41%, 06/10/51<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD425 | 419047 |
| &nbsp;&nbsp;&nbsp; 5.82%, 10/12/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,310 | 2377528 |
| &nbsp;&nbsp;&nbsp; COAST Commercial Mortgage Trust, 6.62%, <br> 08/15/36, (1-mo. CME Term SOFR + <br> 2.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,645 | 2642968 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.96%, 09/27/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD671 | 567485 |
| &nbsp;&nbsp;&nbsp; 1.21%, 07/27/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD854 | 778754 |
| &nbsp;&nbsp;&nbsp; 1.33%, 10/26/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD732 | 691816 |
| &nbsp;&nbsp;&nbsp; 2.02%, 04/27/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD40 | 39394 |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,500 | 1490133 |
| &nbsp;&nbsp;&nbsp; 3.90%, 02/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD135 | 132570 |
| &nbsp;&nbsp;&nbsp; 4.15%, 12/27/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD582 | 509195 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,592 | 1586017 |
| &nbsp;&nbsp;&nbsp; 4.74%, 03/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD877 | 877000 |
| &nbsp;&nbsp;&nbsp; 5.12%, 08/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,574 | 5574226 |
| &nbsp;&nbsp;&nbsp; 5.39%, 11/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD4,767 | 4785758 |
| &nbsp;&nbsp;&nbsp; 5.47%, 06/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD7,773 | 7824153 |
| &nbsp;&nbsp;&nbsp; 5.54%, 12/26/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,907 | 6948418 |
| &nbsp;&nbsp;&nbsp; 5.61%, 05/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD7,461 | 7506506 |
| &nbsp;&nbsp;&nbsp; 5.79%, 04/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD11,370 | 11494287 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 5.84%, 02/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,121 | $1127359 |
| &nbsp;&nbsp;&nbsp; 6.05%, 04/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD258 | 258209 |
| &nbsp;&nbsp;&nbsp; 6.60%, 07/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,296 | 2310109 |
| &nbsp;&nbsp;&nbsp; 6.83%, 09/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,900 | 2904106 |
| &nbsp;&nbsp;&nbsp; 6.86%, 10/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 2999482 |
| &nbsp;&nbsp;&nbsp; 6.92%, 06/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,400 | 1404730 |
| &nbsp;&nbsp;&nbsp; 7.10%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,671 | 2691672 |
| &nbsp;&nbsp;&nbsp; 7.43%, 09/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 75721 |
| &nbsp;&nbsp;&nbsp; 7.81%, 09/25/68<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 2026108 |
| &nbsp;&nbsp;&nbsp; 7.87%, 06/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 2041040 |
| &nbsp;&nbsp;&nbsp; 8.09%, 05/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,900 | 1935641 |
| &nbsp;&nbsp;&nbsp; 8.37%, 10/25/68<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 2041750 |
| &nbsp;&nbsp;&nbsp; COLT Pass-Through Certificates, 0.86%, <br> 05/25/65<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,678 | 2447008 |
| Commission Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/10/40<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,783 | 5806718 |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,731 | 3748150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 06/15/41, (1-mo. CME Term SOFR <br> +1.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,215 | 7187944 |
| &nbsp;&nbsp;&nbsp; 5.87%, 12/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD8,550 | 8708768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.62%, 06/15/41, (1-mo. CME Term SOFR <br> +2.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,566 | 3574850 |
| &nbsp;&nbsp;&nbsp; 8.20%, 08/10/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,395 | 2398250 |
| CONE Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 08/15/41, (1-mo. CME Term SOFR <br> + 1.64%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,278 | 6270152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.92%, 08/15/41, (1-mo. CME Term SOFR <br> +3.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD690 | 689149 |
| Cross Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,187 | 7180018 |
| &nbsp;&nbsp;&nbsp; 5.59%, 11/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,596 | 5629572 |
| &nbsp;&nbsp;&nbsp; 5.74%, 02/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD10,268 | 10356731 |
| &nbsp;&nbsp;&nbsp; 5.85%, 08/26/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,076 | 5114094 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD10,851 | 10980230 |
| &nbsp;&nbsp;&nbsp; 6.09%, 12/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD780 | 786209 |
| &nbsp;&nbsp;&nbsp; 6.09%, 04/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,894 | 3929529 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,091 | 2108583 |
| &nbsp;&nbsp;&nbsp; 6.48%, 02/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,979 | 3009682 |
| &nbsp;&nbsp;&nbsp; 7.14%, 11/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD550 | 557933 |
| &nbsp;&nbsp;&nbsp; 7.53%, 09/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,878 | 2855915 |
| &nbsp;&nbsp;&nbsp; 7.59%, 07/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,636 | 1620381 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.59%, 12/15/52 | &nbsp;&nbsp;&nbsp; USD72 | 66100 |
| &nbsp;&nbsp;&nbsp; 3.61%, 06/15/52 | &nbsp;&nbsp;&nbsp; USD915 | 875957 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.83%, 03/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,150 | 1835112 |
| &nbsp;&nbsp;&nbsp; 2.13%, 02/25/43<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,146 | 1007514 |
| &nbsp;&nbsp;&nbsp; 3.24%, 02/25/50<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,843 | 3688587 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/25/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD129 | 120452 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/25/45<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD126 | 117389 |
| &nbsp;&nbsp;&nbsp; 4.05%, 12/15/49<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD900 | 880107 |
| &nbsp;&nbsp;&nbsp; 4.06%, 10/25/59<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,058 | 2040783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/15/38, (1-mo. CME Term SOFR <br> +1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,505 | 1493713 |
| CSTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.56%, 11/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,910 | 2895147 |
| &nbsp;&nbsp;&nbsp; 4.76%, 11/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,880 | 7902951 |
| &nbsp;&nbsp;&nbsp; DBC Mortgage Trust, 5.40%, 06/15/38, (1-mo. <br> CME Term SOFR +1.35%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD12,748 | 12763935 |
| &nbsp;&nbsp;&nbsp; DBGS, 5.92%, 08/15/34, (1-mo. CME Term <br> SOFR +1.88%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,820 | 7820000 |
| DBJPM Mortgage Trust, 3.56%, 06/10/50<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 240728 |
| &nbsp;&nbsp;&nbsp; DBWF Mortgage Trust, 5.77%, 04/15/37, <br> (1-mo. CME Term SOFR +1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 1997500 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| DC Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.73%, 04/13/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,440 | $2469647 |
| &nbsp;&nbsp;&nbsp; 7.71%, 04/13/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,250 | 3265707 |
| Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.72%, 05/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,304 | 1254021 |
| &nbsp;&nbsp;&nbsp; 1.19%, 08/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD731 | 646134 |
| &nbsp;&nbsp;&nbsp; 2.96%, 01/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD440 | 374038 |
| &nbsp;&nbsp;&nbsp; 5.74%, 07/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,330 | 3352455 |
| &nbsp;&nbsp;&nbsp; DGWD Trust, 5.63%, 08/15/35, (1-mo. CME <br> Term SOFR +1.60%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,366 | 7397796 |
| DK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 03/15/34, (1-mo. CME Term SOFR <br> +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,910 | 4919206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 08/15/37, (1-mo. CME Term SOFR <br> + 1.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,553 | 5558206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.78%, 03/15/34, (1-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,400 | 1402625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.92%, 08/15/37, (1-mo. CME Term SOFR <br> +2.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,764 | 3773410 |
| Durst Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,861 | 3934537 |
| &nbsp;&nbsp;&nbsp; 6.79%, 08/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,125 | 4243398 |
| &nbsp;&nbsp;&nbsp; Dutch Property Finance BV, 2.97%, 04/28/64, <br> (3-mo. EURIBOR + 0.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR877 | 1014332 |
| &nbsp;&nbsp;&nbsp; Easy Street Mortgage Loan Trust, 5.61%, <br> 10/25/40<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,682 | 5681423 |
| EFMT |  |  |
| &nbsp;&nbsp;&nbsp; 5.03%, 11/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD16,840 | 16839815 |
| &nbsp;&nbsp;&nbsp; 5.10%, 10/25/70<sup>(a)(d)(e)</sup> | &nbsp;&nbsp;&nbsp; USD15,000 | 15015640 |
| &nbsp;&nbsp;&nbsp; 5.39%, 05/26/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD8,511 | 8545437 |
| &nbsp;&nbsp;&nbsp; 5.44%, 07/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD11,141 | 11158090 |
| &nbsp;&nbsp;&nbsp; 6.45%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 3007857 |
| &nbsp;&nbsp;&nbsp; 6.59%, 01/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,388 | 3433300 |
| &nbsp;&nbsp;&nbsp; 6.65%, 03/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,032 | 2059952 |
| &nbsp;&nbsp;&nbsp; 6.69%, 02/25/68<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD972 | 968477 |
| &nbsp;&nbsp;&nbsp; 6.84%, 10/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,125 | 3129677 |
| &nbsp;&nbsp;&nbsp; 7.36%, 10/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,983 | 1971818 |
| &nbsp;&nbsp;&nbsp; 7.44%, 01/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,232 | 3240809 |
| Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 04/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,274 | 7248579 |
| &nbsp;&nbsp;&nbsp; 4.30%, 04/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,616 | 1530030 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,038 | 5020137 |
| &nbsp;&nbsp;&nbsp; 5.04%, 10/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD7,956 | 7926358 |
| &nbsp;&nbsp;&nbsp; 5.71%, 11/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD4,351 | 4374746 |
| &nbsp;&nbsp;&nbsp; 5.73%, 02/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD77 | 76847 |
| &nbsp;&nbsp;&nbsp; 5.89%, 09/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD837 | 826000 |
| ELM Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 06/10/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,320 | 3343508 |
| &nbsp;&nbsp;&nbsp; 5.80%, 06/10/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,690 | 3724621 |
| &nbsp;&nbsp;&nbsp; Elstree Funding, 4.70%, 01/21/65, (1-day <br> SONIA + 0.72%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,095 | 1438135 |
| &nbsp;&nbsp;&nbsp; Elstree Funding No. 5 PLC, 4.83%, 08/21/61, <br> (1-day SONIA + 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP513 | 675821 |
| EQT Trust, 5.33%, 07/05/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,080 | 7242321 |
| &nbsp;&nbsp;&nbsp; EverBank Mortgage Loan Trust, 2.50%, <br> 03/25/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD136 | 124733 |
| Exmoor Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/25/95, (1-day SONIA + <br> 0.76%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP991 | 1300716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 03/25/94, (1-day SONIA + <br> 0.88%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP498 | 655939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 03/25/95, (1-day SONIA + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP240 | 315012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 03/25/94, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP157 | 207757 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 03/25/95, (1-day SONIA + <br> 1.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP101 | $132669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.89%, 03/25/94, (1-day SONIA + <br> 1.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.37%, 03/25/95, (1-day SONIA + <br> 2.38%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131357 |
| &nbsp;&nbsp;&nbsp; Extended Stay America Trust, 5.45%, <br> 10/15/42, (1-mo. CME Term SOFR + <br> 1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,148 | 9165152 |
| Fannie Mae REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 08/25/54, (30-day Avg SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,801 | 2821345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 12/25/54, (30-day Avg SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,555 | 1566372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 06/25/55, (30-day Avg SOFR + <br> 1.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,830 | 3865819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 06/25/55, (30-day Avg SOFR + <br> 1.55%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,964 | 7037673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 05/25/55, (30-day Avg SOFR + <br> 1.60%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,493 | 6565119 |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 12/25/54, (30-day Avg SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,299 | 3319377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 03/25/55, (30-day Avg SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,823 | 3851190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 05/25/55, (30-day Avg SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,806 | 5849190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/25/55, (30-day Avg SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD12,654 | 12758178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 02/25/55, (30-day Avg SOFR + <br> 1.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,288 | 5345991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 05/25/55, (30-day Avg SOFR + <br> 1.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,361 | 5410868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 06/25/55, (30-day Avg SOFR + <br> 1.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,093 | 4131055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 06/25/55, (30-day Avg SOFR + <br> 1.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,116 | 4154176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 06/25/55, (30-day Avg SOFR + <br> 1.50%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,489 | 5539815 |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. <br> Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.26%, 06/25/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,245 | 84600 |
| &nbsp;&nbsp;&nbsp; 0.56%, 12/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD68,898 | 665137 |
| Federal Home Loan Mortgage Corp. REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 09/25/54, (30-day Avg SOFR + <br> 1.00%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,503 | 9506332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 10/25/54, (30-day Avg SOFR + <br> 1.06%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD21,391 | 21397677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 09/25/54, (30-day Avg SOFR + <br> 1.10%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,047 | 5052581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 10/25/54, (30-day Avg SOFR + <br> 1.10%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD20,262 | 20284596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 11/25/54, (30-day Avg SOFR + <br> 1.10%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,163 | 7169992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/25/54, (30-day Avg SOFR + <br> 1.12%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD14,204 | 14241845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 10/25/54, (30-day Avg SOFR + <br> 1.15%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,370 | 11393188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/25/54, (30-day Avg SOFR + <br> 1.20%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,511 | 3525879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 03/25/54, (30-day Avg SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,571 | 1578569 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 03/25/55, (30-day Avg SOFR + <br> 1.35%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD21,164 | $21292757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/25/54, (30-day Avg SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,474 | 6519789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/25/54, (30-day Avg SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,633 | 6689264 |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. STRIPS, <br> 5.38%, 05/25/54, (30-day Avg SOFR + <br> 1.20%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,306 | 3319576 |
| &nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association REMICS<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/25/54, (30-day Avg SOFR + <br> 0.95%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD13,645 | 13634934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 06/25/54, (30-day Avg SOFR + <br> 1.00%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,144 | 4149710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 06/25/54, (30-day Avg SOFR + <br> 1.05%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,092 | 4097831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 08/25/54, (30-day Avg SOFR + <br> 1.10%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,333 | 3341159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 12/25/54, (30-day Avg SOFR + <br> 1.20%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,940 | 8974687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 05/25/55, (30-day Avg SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD16,349 | 16418817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 07/25/53, (30-day Avg SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,516 | 5542650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 06/25/54, (30-day Avg SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD23,262 | 23383260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 03/25/55, (30-day Avg SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD22,445 | 22568735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 12/25/54, (30-day Avg SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,055 | 2069490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/25/55, (30-day Avg SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,334 | 9405952 |
| &nbsp;&nbsp;&nbsp; First Horizon Alternative Mortgage Securities <br> Trust, 4.88%, 01/25/37<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD915 | 716409 |
| Flagstar Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/25/49<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD134 | 121228 |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/25/49<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD115 | 103909 |
| Fontainebleau Miami Beach Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 12/15/39, (1-mo. CME Term SOFR <br> +1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,530 | 8540566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.28%, 12/15/39, (1-mo. CME Term SOFR <br> +4.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,600 | 6633000 |
| Frontier Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 12/20/66, (1-day SONIA + <br> 0.73%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,808 | 2375169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 12/20/66, (1-day SONIA + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP866 | 1135616 |
| &nbsp;&nbsp;&nbsp; FS Trust, 5.84%, 08/15/39, (1-mo. CME Term <br> SOFR +1.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,166 | 6183342 |
| &nbsp;&nbsp;&nbsp; Gaea Mortgage Loan Trust, 6.75%, <br> 02/25/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD809 | 789037 |
| &nbsp;&nbsp;&nbsp; Galton Funding Mortgage Trust, 2.96%, <br> 10/25/59<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD588 | 580648 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.09%, 08/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,218 | 1860679 |
| &nbsp;&nbsp;&nbsp; 1.50%, 05/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,525 | 1344185 |
| &nbsp;&nbsp;&nbsp; 1.92%, 08/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD49 | 45395 |
| &nbsp;&nbsp;&nbsp; 2.56%, 04/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,801 | 1734231 |
| &nbsp;&nbsp;&nbsp; 2.89%, 12/27/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD845 | 796732 |
| &nbsp;&nbsp;&nbsp; 3.27%, 04/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD201 | 194792 |
| &nbsp;&nbsp;&nbsp; 3.36%, 02/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,610 | 4411109 |
| &nbsp;&nbsp;&nbsp; 3.47%, 05/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD578 | 442890 |
| &nbsp;&nbsp;&nbsp; 3.69%, 11/25/59<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,036 | 1016445 |
| &nbsp;&nbsp;&nbsp; 3.94%, 04/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 126755 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/25/57<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,002 | $3839121 |
| &nbsp;&nbsp;&nbsp; 4.94%, 10/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD11,373 | 11336732 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,521 | 5557224 |
| &nbsp;&nbsp;&nbsp; 5.71%, 08/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD295 | 293820 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD10,789 | 10943199 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD370 | 376179 |
| &nbsp;&nbsp;&nbsp; 7.21%, 06/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 3025185 |
| &nbsp;&nbsp;&nbsp; Government National Mortgage <br> Association REMICS<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 03/20/54, (30-day Avg SOFR + <br> 1.01%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,218 | 2219909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 08/20/54, (30-day Avg SOFR + <br> 1.01%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,796 | 5802339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 06/20/54, (30-day Avg SOFR + <br> 1.15%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,434 | 3440680 |
| &nbsp;&nbsp;&nbsp; Great Wolf Trust, 5.57%, 03/15/39, (1-mo. <br> CME Term SOFR +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,250 | 5259844 |
| GS Mortgage Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 03/15/28, (1-mo. CME Term SOFR <br> +2.09%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,390 | 4403719 |
| &nbsp;&nbsp;&nbsp; 6.46%, 08/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,870 | 2882915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.68%, 11/25/41, (1-mo. CME Term SOFR <br> + 2.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,471 | 7489755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 03/15/28, (1-mo. CME Term SOFR <br> + 2.79%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD580 | 582538 |
| &nbsp;&nbsp;&nbsp; 7.43%, 09/10/38<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,510 | 3520690 |
| &nbsp;&nbsp;&nbsp; 7.47%, 08/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,636 | 2629703 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/25/61<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD868 | 850923 |
| &nbsp;&nbsp;&nbsp; 5.01%, 07/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD14,584 | 14583598 |
| &nbsp;&nbsp;&nbsp; 5.04%, 01/25/66<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD14,259 | 14258335 |
| &nbsp;&nbsp;&nbsp; 6.74%, 06/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,873 | 1863840 |
| &nbsp;&nbsp;&nbsp; 6.74%, 07/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,667 | 1666647 |
| &nbsp;&nbsp;&nbsp; 6.74%, 01/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,780 | 1779643 |
| &nbsp;&nbsp;&nbsp; 6.77%, 10/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,658 | 1654815 |
| &nbsp;&nbsp;&nbsp; 6.87%, 11/25/65<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,475 | 1473696 |
| &nbsp;&nbsp;&nbsp; 7.49%, 11/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,568 | 1540777 |
| &nbsp;&nbsp;&nbsp; 7.51%, 10/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,326 | 1314788 |
| &nbsp;&nbsp;&nbsp; GSAT Trust, 5.53%, 07/15/40, (1-mo. CME <br> Term SOFR +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD9,475 | 9483883 |
| &nbsp;&nbsp;&nbsp; GWT Trust, 5.72%, 05/15/41, (1-mo. CME <br> Term SOFR +1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,555 | 4563541 |
| &nbsp;&nbsp;&nbsp; HarborView Mortgage Loan Trust, 4.35%, <br> 08/19/37, (1-mo. CME Term SOFR <br> +0.31%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,009 | 1737229 |
| &nbsp;&nbsp;&nbsp; Harvest Commercial Capital Loan Trust, <br> 6.16%, 10/25/56<br>| &nbsp;&nbsp;&nbsp; USD2,537 | 2603402 |
| &nbsp;&nbsp;&nbsp; HIH Trust, 5.87%, 10/15/41, (1-mo. CME Term <br> SOFR +1.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,030 | 4042281 |
| HILT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 05/15/37, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,193 | 11199996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.47%, 05/15/37, (1-mo. CME Term SOFR <br> +2.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,100 | 3101937 |
| Hilton USA Trust, 3.72%, 11/05/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 198045 |
| &nbsp;&nbsp;&nbsp; HLTN Commercial Mortgage Trust, 5.67%, <br> 06/15/41, (1-mo. CME Term SOFR <br> +1.64%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,641 | 7653052 |
| Homes Trust, 5.72%, 10/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD9,705 | 9780735 |
| HOMES Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.22%, 08/25/59<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,487 | 5490473 |
| &nbsp;&nbsp;&nbsp; 5.43%, 02/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD14,349 | 14411636 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,815 | 5863833 |
| &nbsp;&nbsp;&nbsp; 5.92%, 07/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD7,636 | 7701271 |
| &nbsp;&nbsp;&nbsp; 6.18%, 01/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,614 | 6609052 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 6.39%, 01/25/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,286 | $2307187 |
| &nbsp;&nbsp;&nbsp; 6.52%, 01/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 2024053 |
| &nbsp;&nbsp;&nbsp; 6.90%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 3005391 |
| &nbsp;&nbsp;&nbsp; HONO Mortgage Trust, 5.30%, 10/15/36, <br> (1-mo. CME Term SOFR + 1.26%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,690 | 5633100 |
| HTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/10/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,840 | 2877201 |
| &nbsp;&nbsp;&nbsp; 10.26%, 05/10/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 3101374 |
| &nbsp;&nbsp;&nbsp; Hudson Yards Mortgage Trust, 2.94%, <br> 12/10/41<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD400 | 375026 |
| &nbsp;&nbsp;&nbsp; ILPT Commercial Mortgage Trust, 5.29%, <br> 07/13/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,792 | 8965564 |
| &nbsp;&nbsp;&nbsp; INT Commercial Mortgage Trust, 4.88%, <br> 11/05/37<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,643 | 3640704 |
| &nbsp;&nbsp;&nbsp; INV Mortgage Trust, 5.77%, 11/15/41, (1-mo. <br> CME Term SOFR + 1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,342 | 7286935 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Commercial Mortgage <br> Securities Trust, 5.80%, 10/05/39<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 5087547 |
| &nbsp;&nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 09/06/38<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,180 | 1161005 |
| &nbsp;&nbsp;&nbsp; 5.17%, 11/09/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,020 | 6077463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/38, (1-mo. CME Term SOFR <br> +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,875 | 2874053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 03/15/40, (1-mo. CME Term SOFR <br> +1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,539 | 7541222 |
| &nbsp;&nbsp;&nbsp; 6.48%, 11/09/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,450 | 3452044 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/09/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,841 | 1840186 |
| &nbsp;&nbsp;&nbsp; 8.22%, 11/09/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,533 | 1530182 |
| JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 08/25/50, (1-mo. CME Term SOFR <br> +3.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD394 | 5028 |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/25/51<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD718 | 663296 |
| &nbsp;&nbsp;&nbsp; 2.93%, 05/25/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,274 | 1957234 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/25/47<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD913 | 826687 |
| &nbsp;&nbsp;&nbsp; 3.52%, 07/25/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 181458 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD10,000 | 9999999 |
| &nbsp;&nbsp;&nbsp; 4.96%, 10/26/48<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,290 | 1290885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 05/25/49, (1-mo. CME Term SOFR <br> +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD21 | 19757 |
| &nbsp;&nbsp;&nbsp; 5.06%, 02/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD14,897 | 14896712 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,824 | 4854476 |
| &nbsp;&nbsp;&nbsp; 5.59%, 02/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD9,494 | 9553291 |
| &nbsp;&nbsp;&nbsp; 5.65%, 02/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,680 | 1654580 |
| &nbsp;&nbsp;&nbsp; 5.89%, 05/25/45<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD843 | 840571 |
| &nbsp;&nbsp;&nbsp; 5.99%, 07/25/64<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,964 | 1983060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/25/50, (1-mo. CME Term SOFR <br> +2.11%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD385 | 387803 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD775 | 786520 |
| &nbsp;&nbsp;&nbsp; 6.41%, 08/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,344 | 2369541 |
| &nbsp;&nbsp;&nbsp; 6.41%, 02/25/64<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,800 | 2821903 |
| &nbsp;&nbsp;&nbsp; 6.42%, 11/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,300 | 1308527 |
| &nbsp;&nbsp;&nbsp; 6.76%, 02/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,643 | 2648070 |
| &nbsp;&nbsp;&nbsp; 6.92%, 10/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 2996948 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust Series, 8.07%, <br> 07/25/64<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD940 | 947569 |
| &nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage Securities <br> Trust, 3.97%, 03/17/49<br>| &nbsp;&nbsp;&nbsp; USD430 | 425609 |
| Jubilee Place 7 BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/18/62, (3-mo. EURIBOR + <br> 0.72%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,108 | 1277452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.08%, 09/18/62, (3-mo. EURIBOR + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR257 | 294328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 09/18/62, (3-mo. EURIBOR + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | 114527 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Jubilee Place 8 BV, 3.23%, 03/17/62, (3-mo. <br> EURIBOR + 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR100 | $114790 |
| &nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust, 5.65%, <br> 06/15/39, (1-mo. CME Term SOFR <br> +1.62%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,805 | 6813506 |
| &nbsp;&nbsp;&nbsp; JW Trust, 5.63%, 11/15/39, (1-mo. CME Term <br> SOFR +1.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,360 | 4364087 |
| KSL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 12/15/39, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,597 | 7592601 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/15/42 | &nbsp;&nbsp;&nbsp; USD6,105 | 6098026 |
| &nbsp;&nbsp;&nbsp; 8.45%, 06/05/42 | &nbsp;&nbsp;&nbsp; USD8,585 | 8615299 |
| &nbsp;&nbsp;&nbsp; La Trobe Financial Capital Markets Trust, <br> 4.56%, 05/15/57, (1-month BB Swap + <br> 1.05%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,226 | 801612 |
| Lagarino European Loan Conduit No. 40 DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 06/22/37, (3-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,070 | 2392635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.17%, 06/22/37, (3-mo. EURIBOR + <br> 2.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR566 | 651697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 06/22/37, (3-mo. EURIBOR + <br> 2.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR360 | 414314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 06/22/37, (3-mo. EURIBOR + <br> 3.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,019 | 1174648 |
| &nbsp;&nbsp;&nbsp; Last Mile Logistics Pan Euro Finance DAC, <br> 4.73%, 08/17/33, (3-mo. EURIBOR + <br> 2.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,871 | 2151799 |
| &nbsp;&nbsp;&nbsp; Last Mile Securities PE DAC, 4.38%, <br> 08/17/31, (3-mo. EURIBOR + 2.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR915 | 1054978 |
| LBA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 10/15/41, (1-mo. CME Term SOFR <br> + 1.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,621 | 5624145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 06/15/39, (1-mo. CME Term SOFR <br> +1.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,653 | 10659622 |
| &nbsp;&nbsp;&nbsp; LUX, 6.72%, 08/15/40, (1-mo. CME Term <br> SOFR +2.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD882 | 890944 |
| &nbsp;&nbsp;&nbsp; MAC Trust, 5.73%, 10/15/40, (1-mo. CME <br> Term SOFR +1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,700 | 10705500 |
| MAD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,927 | 3921717 |
| &nbsp;&nbsp;&nbsp; 7.33%, 10/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,992 | 3975236 |
| MCR Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 02/15/37, (1-mo. CME Term SOFR <br> +1.76%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD894 | 894318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 12/15/41, (1-mo. CME Term SOFR <br> + 1.79%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,830 | 5842753 |
| &nbsp;&nbsp;&nbsp; 5.92%, 06/12/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,800 | 4863972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.14%, 02/15/37, (1-mo. CME Term SOFR <br> +3.11%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,813 | 1813370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.94%, 02/15/37, (1-mo. CME Term SOFR <br> +3.91%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,652 | 1653217 |
| Meridian Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 02/20/68, (1-day SONIA + <br> 0.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,479 | 3256659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 02/20/68, (1-day SONIA + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP497 | 652908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 02/20/68, (1-day SONIA + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP570 | 747781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 02/20/68, (1-day SONIA + <br> 2.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP470 | 617438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.22%, 02/20/68, (1-day SONIA + <br> 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP559 | 731413 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| MF1 Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 12/15/34, (1-mo. CME Term SOFR <br> +1.07%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD130 | $129957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/15/34, (1-mo. CME Term SOFR <br> +1.37%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD100 | 100022 |
| MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.47%, 11/25/64<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,845 | 3436423 |
| &nbsp;&nbsp;&nbsp; 4.26%, 12/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,703 | 2426539 |
| &nbsp;&nbsp;&nbsp; 5.23%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD19,929 | 19987359 |
| &nbsp;&nbsp;&nbsp; 5.27%, 08/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,668 | 5669035 |
| &nbsp;&nbsp;&nbsp; 5.57%, 09/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,453 | 1447922 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD550 | 549256 |
| &nbsp;&nbsp;&nbsp; 6.11%, 12/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,059 | 2072230 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD632 | 635632 |
| &nbsp;&nbsp;&nbsp; 6.58%, 03/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,197 | 1211724 |
| &nbsp;&nbsp;&nbsp; 6.62%, 07/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,458 | 2477708 |
| &nbsp;&nbsp;&nbsp; 6.93%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,850 | 1854026 |
| MFRA Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.72%, 12/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,634 | 6676125 |
| &nbsp;&nbsp;&nbsp; 6.67%, 12/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,529 | 3584206 |
| MHP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 07/15/38, (1-mo. CME Term SOFR <br> +0.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,720 | 4711150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/39, (1-mo. CME Term SOFR <br> +0.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD262 | 262178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/15/38, (1-mo. CME Term SOFR <br> +1.01%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,300 | 1297156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/38, (1-mo. CME Term SOFR <br> +1.16%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD215 | 214463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/38, (1-mo. CME Term SOFR <br> +1.46%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD215 | 214395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 07/15/38, (1-mo. CME Term SOFR <br> +1.86%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD350 | 348906 |
| &nbsp;&nbsp;&nbsp; MHP Commercial Mortgage Trust, 7.53%, <br> 09/15/40, (1-mo. CME Term SOFR <br> +3.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,000 | 4989495 |
| &nbsp;&nbsp;&nbsp; Miltonia Mortgage Finance SRL, 3.37%, <br> 04/28/62, (3-mo. EURIBOR + 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 230722 |
| MIRA Trust, 6.75%, 06/10/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD103 | 107056 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.52%, 07/15/52 | &nbsp;&nbsp;&nbsp; USD895 | 850670 |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/15/52 | &nbsp;&nbsp;&nbsp; USD895 | 853848 |
| &nbsp;&nbsp;&nbsp; 3.89%, 12/15/50<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD230 | 224552 |
| &nbsp;&nbsp;&nbsp; 4.43%, 07/15/51<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD650 | 641306 |
| &nbsp;&nbsp;&nbsp; 4.62%, 07/15/51<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD182 | 176588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 11/15/34, (1-mo. CME Term SOFR <br> +1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD799 | 784518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 12/15/38, (1-mo. CME Term SOFR <br> +1.56%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,338 | 3104340 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage <br> Loan Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD20,000 | 19558822 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,641 | 1527590 |
| &nbsp;&nbsp;&nbsp; 5.04%, 07/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,689 | 5676805 |
| &nbsp;&nbsp;&nbsp; 5.44%, 07/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD13,602 | 13685572 |
| &nbsp;&nbsp;&nbsp; 5.44%, 07/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD14,339 | 14413349 |
| &nbsp;&nbsp;&nbsp; 5.56%, 03/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD11,136 | 11217306 |
| &nbsp;&nbsp;&nbsp; 5.74%, 11/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,547 | 2569233 |
| &nbsp;&nbsp;&nbsp; 5.96%, 03/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,083 | 3120191 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,830 | 1849318 |
| &nbsp;&nbsp;&nbsp; 6.59%, 09/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,712 | 2698136 |
| &nbsp;&nbsp;&nbsp; 6.98%, 07/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,500 | 1490120 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,000 | 999673 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| Mortimer PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 09/22/70, (1-day SONIA + <br> 0.81%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,256 | $2966380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 09/22/67, (1-day SONIA + <br> 0.83%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,139 | 1498809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 09/22/67, (1-day SONIA + <br> 1.15%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP561 | 735166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 09/22/70, (1-day SONIA + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP344 | 451901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 09/22/70, (1-day SONIA + <br> 1.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP429 | 563561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 09/22/67, (1-day SONIA + <br> 1.55%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 09/22/70, (1-day SONIA + <br> 1.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP353 | 463722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 09/22/67, (1-day SONIA + <br> 2.10%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 130720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.84%, 09/22/70, (1-day SONIA + <br> 3.87%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,432 | 1876935 |
| &nbsp;&nbsp;&nbsp; MTN Commercial Mortgage Trust, 5.44%, <br> 03/15/39, (1-mo. CME Term SOFR <br> +1.40%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,041 | 2042276 |
| NCMF Trust, 7.53%, 06/10/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,493 | 4556928 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.94%, 10/25/58<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD575 | 549928 |
| &nbsp;&nbsp;&nbsp; 2.49%, 09/25/59<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,591 | 1529284 |
| &nbsp;&nbsp;&nbsp; 2.71%, 11/25/59<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD872 | 832437 |
| &nbsp;&nbsp;&nbsp; 2.72%, 01/26/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD626 | 592002 |
| &nbsp;&nbsp;&nbsp; 2.77%, 01/26/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,825 | 1724279 |
| &nbsp;&nbsp;&nbsp; 2.80%, 09/25/59<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,639 | 2536665 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/28/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD88 | 85113 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/28/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD433 | 416987 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/28/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD34 | 33095 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD146 | 139867 |
| &nbsp;&nbsp;&nbsp; 3.98%, 04/25/62<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD893 | 833351 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/25/57<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD119 | 115500 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/25/58<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD81 | 80083 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/25/57<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD133 | 133002 |
| &nbsp;&nbsp;&nbsp; 5.11%, 08/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD11,997 | 11998483 |
| &nbsp;&nbsp;&nbsp; 5.12%, 09/25/64<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,075 | 6077188 |
| &nbsp;&nbsp;&nbsp; 5.35%, 07/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,707 | 4732920 |
| &nbsp;&nbsp;&nbsp; 5.47%, 11/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD8,880 | 8962038 |
| &nbsp;&nbsp;&nbsp; 5.53%, 05/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD18,114 | 18294141 |
| &nbsp;&nbsp;&nbsp; 5.64%, 01/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,538 | 3571602 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,564 | 1578106 |
| &nbsp;&nbsp;&nbsp; 6.30%, 11/25/52<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,232 | 2223582 |
| &nbsp;&nbsp;&nbsp; 6.47%, 01/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,172 | 2221758 |
| &nbsp;&nbsp;&nbsp; 6.83%, 08/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,300 | 1301925 |
| &nbsp;&nbsp;&nbsp; 7.04%, 07/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,500 | 3483108 |
| &nbsp;&nbsp;&nbsp; 7.41%, 08/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD833 | 819555 |
| &nbsp;&nbsp;&nbsp; 7.91%, 03/25/64<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,900 | 1929763 |
| &nbsp;&nbsp;&nbsp; NEW Residential Mortgage Loan Trust, <br> 5.57%, 04/25/65<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,145 | 2163966 |
| &nbsp;&nbsp;&nbsp; NRTH Commercial Mortgage Trust, 5.54%, <br> 10/15/40, (1-mo. CME Term SOFR + <br> 1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,031 | 11034447 |
| NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.67%, 11/05/38<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,516 | 5511058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 10/15/40, (1-mo. CME Term SOFR <br> + 1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,940 | 4940000 |
| &nbsp;&nbsp;&nbsp; 7.39%, 07/13/42<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,179 | 3208969 |
| NYCT Trust 2024-3ELV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 08/15/29, (1-mo. CME Term SOFR <br> +1.99%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,790 | 7814567 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.87%, 08/15/29, (1-mo. CME Term SOFR <br> +2.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | $1001844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.87%, 08/15/29, (1-mo. CME Term SOFR <br> +3.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4007368 |
| NYMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 11/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD9,585 | 9201266 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,863 | 6879394 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.07%, 02/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,381 | 1212293 |
| &nbsp;&nbsp;&nbsp; 1.56%, 05/25/61<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,369 | 1143501 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/25/61<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,260 | 1003618 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/25/48<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD239 | 231398 |
| &nbsp;&nbsp;&nbsp; 4.94%, 09/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,951 | 2943340 |
| &nbsp;&nbsp;&nbsp; 5.11%, 08/25/62<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD401 | 400306 |
| &nbsp;&nbsp;&nbsp; 5.61%, 11/25/64<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,747 | 7818214 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,330 | 1340696 |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/25/63<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD7,986 | 7998561 |
| &nbsp;&nbsp;&nbsp; 5.99%, 01/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,159 | 1169938 |
| &nbsp;&nbsp;&nbsp; 6.07%, 01/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,853 | 2883994 |
| &nbsp;&nbsp;&nbsp; 6.13%, 12/25/63<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,047 | 1058210 |
| &nbsp;&nbsp;&nbsp; 6.45%, 09/25/62<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,258 | 1252899 |
| &nbsp;&nbsp;&nbsp; 6.52%, 07/25/63<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,737 | 1748989 |
| &nbsp;&nbsp;&nbsp; 7.39%, 06/25/63<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD850 | 855017 |
| &nbsp;&nbsp;&nbsp; ONE Mortgage Trust, 4.85%, 03/15/36, (1-mo. <br> CME Term SOFR +0.81%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,800 | 1775782 |
| One New York Plaza Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/36, (1-mo. CME Term SOFR <br> +1.06%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 975000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/15/36, (1-mo. CME Term SOFR <br> +1.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD519 | 499538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/15/36, (1-mo. CME Term SOFR <br> +1.61%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,000 | 950000 |
| &nbsp;&nbsp;&nbsp; ONNI Commerical Mortgage Trust, 5.57%, <br> 07/15/39<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,605 | 5712866 |
| &nbsp;&nbsp;&nbsp; OPEN Trust, 7.12%, 11/15/40, (1-mo. CME <br> Term SOFR +3.09%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD235 | 235020 |
| &nbsp;&nbsp;&nbsp; ORL Trust, 5.52%, 12/15/39, (1-mo. CME <br> Term SOFR +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,400 | 4404125 |
| Pepper Residential Securities Trust No. 41 |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 07/12/67<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; AUD4,490 | 2938571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 07/12/67, (1-month BB Swap + <br> 1.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD870 | 569389 |
| &nbsp;&nbsp;&nbsp; PGA Trust, 5.92%, 06/15/39, (1-mo. CME <br> Term SOFR +1.89%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,463 | 8470934 |
| Pierpont BTL PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 03/21/62, (1-day SONIA + <br> 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP552 | 725587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 09/21/61, (1-day SONIA + <br> 0.84%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,380 | 1816136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 03/21/62, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP289 | 380233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 03/21/62, (1-day SONIA + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131597 |
| PMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,676 | 3707550 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/25/59<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,152 | 7199066 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,171 | 7300097 |
| Polaris PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.79%, 10/27/69<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP8,860 | 11639379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/26/68, (1-day SONIA + <br> 0.82%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,784 | 2347720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 08/25/68, (1-day SONIA + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP196 | 257485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 02/26/68, (1-day SONIA + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP413 | 537686 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 5.07%, 10/27/69<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP689 | $905139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 08/25/68, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131328 |
| &nbsp;&nbsp;&nbsp; 5.37%, 10/27/69<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP225 | 295582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/26/68, (1-day SONIA + <br> 1.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP108 | 140873 |
| &nbsp;&nbsp;&nbsp; 5.62%, 10/27/69<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP377 | 495265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 02/26/68, (1-day SONIA + <br> 1.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 129840 |
| PRET Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/25/64<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,189 | 1159071 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,904 | 6745328 |
| PRKCM, 5.55%, 02/25/60<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,133 | 3160024 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.07%, 08/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,620 | 1401768 |
| &nbsp;&nbsp;&nbsp; 2.07%, 11/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,873 | 2576812 |
| &nbsp;&nbsp;&nbsp; 5.10%, 10/25/60<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD15,000 | 14994803 |
| &nbsp;&nbsp;&nbsp; 6.33%, 03/25/59<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD852 | 858484 |
| &nbsp;&nbsp;&nbsp; 6.43%, 05/25/59<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,150 | 1165991 |
| &nbsp;&nbsp;&nbsp; 6.60%, 02/25/58<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,339 | 2340623 |
| &nbsp;&nbsp;&nbsp; 7.76%, 09/25/58<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,000 | 1007284 |
| PRM5 Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.47%, 03/10/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD7,507 | 7473998 |
| &nbsp;&nbsp;&nbsp; 5.62%, 03/10/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,200 | 3185415 |
| PRPM, 5.23%, 08/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,379 | 6386213 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 2903282 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 1883514 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,400 | 1382822 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/25/54<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,250 | 2101910 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,167 | 1124741 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,400 | 1331340 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,333 | 1224279 |
| PRPM Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD248 | 247098 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,847 | 2837346 |
| &nbsp;&nbsp;&nbsp; 5.67%, 12/26/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD10,497 | 10559672 |
| &nbsp;&nbsp;&nbsp; 5.69%, 04/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD11,692 | 11772939 |
| &nbsp;&nbsp;&nbsp; 5.80%, 11/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD4,180 | 4220267 |
| &nbsp;&nbsp;&nbsp; 6.22%, 11/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,383 | 3409293 |
| &nbsp;&nbsp;&nbsp; 6.27%, 12/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,315 | 1326901 |
| &nbsp;&nbsp;&nbsp; 6.52%, 12/26/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,000 | 5062016 |
| &nbsp;&nbsp;&nbsp; 6.65%, 11/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,027 | 2054799 |
| &nbsp;&nbsp;&nbsp; 6.72%, 07/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,705 | 1698205 |
| Radian Mortgage Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,735 | 1744127 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,539 | 1546535 |
| Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.86%, 01/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD661 | 638461 |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/26/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,250 | 2153890 |
| &nbsp;&nbsp;&nbsp; 4.67%, 01/26/60<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,528 | 1433329 |
| &nbsp;&nbsp;&nbsp; 6.04%, 05/25/59<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD895 | 890004 |
| &nbsp;&nbsp;&nbsp; RESIMAC Premier Series 2025-1, 4.61%, <br> 09/12/56<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,375 | 903089 |
| RFMSI Series Trust, 5.73%, 10/25/37<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD112 | 67450 |
| ROCK Trust, 8.82%, 11/13/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 2110582 |
| RUN Trust, 4.00%, 03/25/67<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,021 | 2004957 |
| Sage AR Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 05/17/37, (1-day SONIA + <br> 1.30%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,892 | 2497389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 05/17/37, (1-day SONIA + <br> 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP959 | 1260316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.39%, 05/17/37, (1-day SONIA + <br> 2.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP379 | 497050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.89%, 05/17/37, (1-day SONIA + <br> 3.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP327 | 430145 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; SAIF Securitization Trust, 5.97%, <br> 07/25/54<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,534 | $2549813 |
| Santander Mortgage Asset Receivable Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.73%, 02/25/65<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,132 | 3158455 |
| &nbsp;&nbsp;&nbsp; 6.89%, 08/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,170 | 3166367 |
| &nbsp;&nbsp;&nbsp; Sapphire XXXII Trust, 4.60%, 06/14/66, <br> (1-month BB Swap + 1.11%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; AUD5,880 | 3855132 |
| Sapphire XXXIII Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 02/12/67, (1-month BB Swap + <br> 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD4,160 | 2717914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 02/12/67, (1-month BB Swap + <br> 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,450 | 947350 |
| &nbsp;&nbsp;&nbsp; SCG Commercial Mortgage Trust, 6.98%, <br> 03/15/35, (1-mo. CME Term SOFR <br> +2.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,410 | 7382338 |
| &nbsp;&nbsp;&nbsp; SCG Commercial Mortgage Trust 2025, <br> 6.78%, 08/15/42, (1-mo. CME Term SOFR <br> +2.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,259 | 1259393 |
| &nbsp;&nbsp;&nbsp; SCG Mortgage Trust, 5.77%, 04/15/41, (1-mo. <br> CME Term SOFR +1.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,700 | 8694577 |
| &nbsp;&nbsp;&nbsp; SCG Trust, 5.53%, 09/15/42, (1-mo. CME <br> Term SOFR +1.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,460 | 6468478 |
| &nbsp;&nbsp;&nbsp; SDAL Trust, 6.47%, 04/15/42, (1-mo. CME <br> Term SOFR +2.44%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,496 | 10573848 |
| SELF Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 11/15/34, (1-mo. CME Term SOFR <br> +1.54%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,680 | 4679999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.22%, 11/15/34, (1-mo. CME Term SOFR <br> +4.19%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,094 | 4099091 |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/25/51<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,544 | 1441007 |
| &nbsp;&nbsp;&nbsp; 4.43%, 11/25/63<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,952 | 5992046 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,213 | 5251001 |
| &nbsp;&nbsp;&nbsp; SG Residential Mortgage Trust, 4.08%, <br> 09/25/59<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 2858203 |
| SHR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.98%, 10/15/41, (1-mo. CME Term SOFR <br> +1.95%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,130 | 5133206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.48%, 10/15/41, (1-mo. CME Term SOFR <br> +4.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD345 | 347571 |
| &nbsp;&nbsp;&nbsp; SMR Mortgage Trust, 5.68%, 02/15/39, (1-mo. <br> CME Term SOFR +1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,142 | 2142485 |
| &nbsp;&nbsp;&nbsp; SMRT Commercial Mortgage Trust, 5.03%, <br> 01/15/39, (1-mo. CME Term SOFR <br> +1.00%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,150 | 5143562 |
| &nbsp;&nbsp;&nbsp; Spruce Hill Mortgage Loan Trust, 4.68%, <br> 01/28/50<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,020 | 4785119 |
| SREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/38, (1-mo. CME Term SOFR <br> +0.85%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,565 | 5556179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 11/15/36, (1-mo. CME Term SOFR <br> +0.94%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,670 | 6661751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 11/15/36, (1-mo. CME Term SOFR <br> +1.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD265 | 264508 |
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.94%, 05/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,542 | 4285079 |
| &nbsp;&nbsp;&nbsp; 1.17%, 05/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,030 | 971532 |
| &nbsp;&nbsp;&nbsp; 2.18%, 05/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 459352 |
| Stratton Mortgage Funding PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 06/25/49, (1-day SONIA + <br> 0.98%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP363 | 477618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 06/25/49, (1-day SONIA + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP179 | 235181 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| Taurus 2025-4 UK DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 08/18/35, (1-day SONIA + <br> 1.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP782 | $1024659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 08/18/35, (1-day SONIA + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131201 |
| Taurus U.K. DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 02/18/35, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,001 | 2630924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 02/18/35, (1-day SONIA + <br> 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP394 | 517698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 02/18/35, (1-day SONIA + <br> 2.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP487 | 640135 |
| &nbsp;&nbsp;&nbsp; TCO Commercial Mortgage Trust, 6.77%, <br> 12/15/39, (1-mo. CME Term SOFR <br> +2.74%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,500 | 2503125 |
| &nbsp;&nbsp;&nbsp; Think Tank Commercial Series 2025, 4.62%, <br> 12/10/57, (1-month BB Swap + 1.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,555 | 1019224 |
| THPT Mortgage Trust, 6.99%, 12/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,627 | 6713375 |
| Thunder Logistics DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 11/17/36, (3-mo. EURIBOR + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR789 | 908243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 11/17/36, (3-mo. EURIBOR + <br> 2.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR72 | 82425 |
| &nbsp;&nbsp;&nbsp; Together Asset Backed Securitisation 14 PLC, <br> 4.74%, 08/15/66, (1-day SONIA + <br> 0.76%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP711 | 934227 |
| &nbsp;&nbsp;&nbsp; Together Asset Backed Securitisation PLC, <br> 5.18%, 01/15/57, (1-day SONIA + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,505 | 1988318 |
| Together Asset-Backed Securitisation PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/12/56, (1-day SONIA + <br> 0.93%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP797 | 1049672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 10/12/65, (1-day SONIA + <br> 0.96%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,061 | 1399572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 09/12/56, (1-day SONIA + <br> 1.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP424 | 557600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 09/12/56, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 01/15/57, (1-day SONIA + <br> 1.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP182 | 238972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 01/15/57, (1-day SONIA + <br> 1.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP109 | 144700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 09/12/56, (1-day SONIA + <br> 1.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131580 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/25/58<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,500 | 1463118 |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/25/62<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD796 | 764879 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/01/62<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,988 | 1899665 |
| &nbsp;&nbsp;&nbsp; 4.89%, 11/25/57<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 99555 |
| TRK Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.15%, 07/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,228 | 2025867 |
| &nbsp;&nbsp;&nbsp; 2.58%, 02/25/57<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,945 | 6520032 |
| &nbsp;&nbsp;&nbsp; 3.29%, 07/25/56<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD255 | 212249 |
| &nbsp;&nbsp;&nbsp; 3.44%, 02/25/57<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,975 | 5291338 |
| &nbsp;&nbsp;&nbsp; 4.34%, 06/25/57<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,360 | 1302431 |
| TYSN Mortgage Trust, 6.58%, 12/10/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,304 | 4534193 |
| U.K. Logistics DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/17/34, (1-day SONIA + <br> 1.65%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP202 | 265369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.99%, 05/17/35, (1-day SONIA + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP735 | 967028 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.76%, 10/15/52<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,200 | 1053195 |
| &nbsp;&nbsp;&nbsp; 3.84%, 10/15/50<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD565 | 545187 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| UK Logistics DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/17/35, (1-day SONIA + <br> 1.33%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,457 | $3227728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 02/17/35, (1-day SONIA + <br> 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,404 | 1852632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 08/17/35, (1-day SONIA + <br> 1.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,266 | 1663125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 02/17/35, (1-day SONIA + <br> 1.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP197 | 259787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 08/17/35, (1-day SONIA + <br> 1.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP525 | 689685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 02/17/35, (1-day SONIA + <br> 2.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 131362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.09%, 02/17/35, (1-day SONIA + <br> 3.10%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP219 | 287684 |
| VCC Trust, 8.16%, 05/25/55<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,172 | 1165697 |
| VEGAS Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.52%, 11/10/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,850 | 4908818 |
| &nbsp;&nbsp;&nbsp; 6.22%, 07/10/36<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD5,390 | 5333075 |
| Velocity Commercial Capital Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.61%, 02/25/50<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,072 | 996730 |
| &nbsp;&nbsp;&nbsp; 4.48%, 12/26/51<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD364 | 299986 |
| &nbsp;&nbsp;&nbsp; 5.03%, 05/25/51<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,523 | 1139811 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/25/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD221 | 189709 |
| &nbsp;&nbsp;&nbsp; 5.22%, 06/25/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,422 | 4373819 |
| &nbsp;&nbsp;&nbsp; 5.46%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,972 | 2971689 |
| &nbsp;&nbsp;&nbsp; 5.49%, 10/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,701 | 2713643 |
| &nbsp;&nbsp;&nbsp; 5.81%, 12/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,167 | 6213043 |
| &nbsp;&nbsp;&nbsp; 5.87%, 06/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD12,562 | 12709211 |
| &nbsp;&nbsp;&nbsp; 6.03%, 02/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,032 | 2055631 |
| &nbsp;&nbsp;&nbsp; 6.04%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 249451 |
| &nbsp;&nbsp;&nbsp; 6.17%, 09/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,872 | 1866735 |
| &nbsp;&nbsp;&nbsp; 6.31%, 09/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,089 | 1085269 |
| &nbsp;&nbsp;&nbsp; 6.56%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD279 | 278676 |
| &nbsp;&nbsp;&nbsp; 6.58%, 04/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD711 | 720048 |
| &nbsp;&nbsp;&nbsp; 6.76%, 10/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD394 | 394249 |
| &nbsp;&nbsp;&nbsp; 6.85%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD488 | 487662 |
| &nbsp;&nbsp;&nbsp; 6.92%, 12/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD207 | 208018 |
| &nbsp;&nbsp;&nbsp; 6.98%, 02/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,997 | 2019844 |
| &nbsp;&nbsp;&nbsp; 7.23%, 06/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,687 | 1699801 |
| &nbsp;&nbsp;&nbsp; 7.33%, 02/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD901 | 914193 |
| &nbsp;&nbsp;&nbsp; 7.53%, 08/25/52<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,037 | 1006513 |
| &nbsp;&nbsp;&nbsp; 9.35%, 09/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD996 | 992643 |
| &nbsp;&nbsp;&nbsp; 9.45%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD290 | 289960 |
| &nbsp;&nbsp;&nbsp; 9.53%, 10/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD259 | 261766 |
| &nbsp;&nbsp;&nbsp; 9.64%, 01/25/53<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,035 | 3862292 |
| &nbsp;&nbsp;&nbsp; 9.67%, 12/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,973 | 3003987 |
| &nbsp;&nbsp;&nbsp; 10.15%, 02/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD312 | 316188 |
| &nbsp;&nbsp;&nbsp; 10.21%, 10/25/55<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD106 | 96680 |
| &nbsp;&nbsp;&nbsp; 10.28%, 12/25/54<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,480 | 2347124 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.82%, 10/25/63<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,114 | 1072741 |
| &nbsp;&nbsp;&nbsp; 3.20%, 06/25/66<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD712 | 550138 |
| &nbsp;&nbsp;&nbsp; 3.80%, 04/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,585 | 2383990 |
| &nbsp;&nbsp;&nbsp; 4.05%, 02/25/67<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,334 | 1069809 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,825 | 1762019 |
| &nbsp;&nbsp;&nbsp; 5.10%, 09/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,296 | 6297900 |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD6,008 | 6019498 |
| &nbsp;&nbsp;&nbsp; 5.22%, 09/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD6,560 | 6573423 |
| &nbsp;&nbsp;&nbsp; 5.33%, 08/26/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,731 | 1737010 |
| &nbsp;&nbsp;&nbsp; 5.36%, 10/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,325 | 4342203 |
| &nbsp;&nbsp;&nbsp; 5.42%, 07/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD14,544 | 14637930 |
| &nbsp;&nbsp;&nbsp; 5.43%, 06/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD12,567 | 12645427 |
| &nbsp;&nbsp;&nbsp; 5.62%, 05/25/70<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD8,642 | 8725488 |
| &nbsp;&nbsp;&nbsp; 5.71%, 01/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD5,012 | 5042651 |
| &nbsp;&nbsp;&nbsp; 5.81%, 05/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,041 | 2045772 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 5.85%, 12/25/67<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD413 | $412702 |
| &nbsp;&nbsp;&nbsp; 5.93%, 03/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD3,776 | 3780000 |
| &nbsp;&nbsp;&nbsp; 6.10%, 02/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD260 | 262336 |
| &nbsp;&nbsp;&nbsp; 6.12%, 03/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,910 | 1929605 |
| &nbsp;&nbsp;&nbsp; 6.34%, 04/25/69<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,390 | 2419248 |
| &nbsp;&nbsp;&nbsp; 6.40%, 05/25/65<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD583 | 578066 |
| &nbsp;&nbsp;&nbsp; 6.48%, 09/25/70<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,338 | 1346783 |
| &nbsp;&nbsp;&nbsp; 6.54%, 10/27/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,250 | 1249537 |
| &nbsp;&nbsp;&nbsp; 6.62%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,850 | 1844475 |
| &nbsp;&nbsp;&nbsp; 6.76%, 02/25/68<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,148 | 2147231 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/27/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD700 | 696090 |
| &nbsp;&nbsp;&nbsp; 7.44%, 05/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 496877 |
| &nbsp;&nbsp;&nbsp; 7.47%, 02/25/68<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,000 | 3980636 |
| &nbsp;&nbsp;&nbsp; 7.51%, 08/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,414 | 1407660 |
| &nbsp;&nbsp;&nbsp; 7.52%, 09/25/70<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,967 | 1974995 |
| &nbsp;&nbsp;&nbsp; 7.64%, 06/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,765 | 1789403 |
| &nbsp;&nbsp;&nbsp; 7.72%, 03/25/68<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,152 | 1154226 |
| &nbsp;&nbsp;&nbsp; 8.03%, 04/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD680 | 694701 |
| &nbsp;&nbsp;&nbsp; 8.09%, 03/25/69<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,000 | 1015980 |
| &nbsp;&nbsp;&nbsp; 8.18%, 11/25/68<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,500 | 1532360 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust 2024, 8.38%, <br> 04/25/69<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,240 | 1249385 |
| Visio Trust, 1.31%, 11/25/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD56 | 53917 |
| VTR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 10/13/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD11,426 | 11468950 |
| &nbsp;&nbsp;&nbsp; 6.71%, 10/13/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,904 | 3917933 |
| &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Certificates <br> Series Trust, 5.07%, 09/25/46, (12-mo. <br> MTA + 0.96%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD36 | 29777 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Mortgage Pass-Through <br> Certificates WMALT Series Trust, 5.36%, <br> 04/25/47, (12-mo. MTA + 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD243 | 214577 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/59 | &nbsp;&nbsp;&nbsp; USD850 | 844892 |
| &nbsp;&nbsp;&nbsp; 3.98%, 12/15/49<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD440 | 434450 |
| &nbsp;&nbsp;&nbsp; 4.06%, 08/17/36<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD210 | 206172 |
| &nbsp;&nbsp;&nbsp; 4.68%, 01/15/59<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD205 | 200981 |
| &nbsp;&nbsp;&nbsp; 5.58%, 09/15/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,085 | 3099953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C31, Class B, 4.48%, <br> 11/15/48<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD450 | 448567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C46, Class AS, 4.38%, <br> 08/15/51<br>| &nbsp;&nbsp;&nbsp; USD660 | 651928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C50, Class AS, 4.02%, <br> 05/15/52<br>| &nbsp;&nbsp;&nbsp; USD870 | 840469 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Mortgage-Backed Securities <br> Trust, 3.50%, 07/25/47<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD166 | 152689 |
| WEST Trust, 5.28%, 04/10/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,126 | 4189519 |
| WHARF Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 07/15/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,947 | 4054343 |
| &nbsp;&nbsp;&nbsp; 7.72%, 07/15/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,897 | 2968001 |
| Winchester 1 PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/21/56<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP738 | 972656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 10/21/56, (1-day SONIA + <br> 1.20%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP340 | 447067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 10/21/56, (1-day SONIA + <br> 1.55%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 10/21/56, (1-day SONIA + <br> 2.00%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP100 | 132807 |
| WinWater Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/20/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD296 | 281349 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/20/45<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD130 | 121798 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/20/45<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD370 | 342838 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/20/45<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD148 | 137135 |
| &nbsp;&nbsp;&nbsp; 3.76%, 08/20/45<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD450 | 286305 |
| &nbsp;&nbsp;&nbsp; 3.93%, 06/20/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD385 | 371905 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/20/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD97 | 93417 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/20/44<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; USD250 | $183909 |
|  |  | 2926512004 |
| **Municpal Debt Obligations — 0.0%** | **Municpal Debt Obligations — 0.0%** | **Municpal Debt Obligations — 0.0%** |
| &nbsp;&nbsp;&nbsp; Tower Bridge Funding PLC, 4.78%, <br> 12/20/66<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP490 | 644579 |
| **Total Collateralized Mortgage Obligations — 21.9%** <br>**(Cost: $3,000,982,282)** | **Total Collateralized Mortgage Obligations — 21.9%** <br>**(Cost: $3,000,982,282)** | 3019102044 |
| **Convertible Bonds** | **Convertible Bonds** | **Convertible Bonds** |
| **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
| Nexi SpA, Series ., 0.00% 02/24/28<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; EUR8,700 | 9238243 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| &nbsp;&nbsp;&nbsp; Cellnex Telecom SA, Series CLNX, 0.75%, <br> 11/20/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,400 | 4586774 |
| **Food — 0.0%** | **Food — 0.0%** | **Food — 0.0%** |
| Ocado Group PLC, 0.75%, 01/18/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP7,000 | 8529204 |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| Vonovia SE, Series B, 0.88%, 05/20/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,000 | 9126089 |
| **Semiconductors — 0.0%** | **Semiconductors — 0.0%** | **Semiconductors — 0.0%** |
| ams-OSRAM AG, Series ., 2.13%, 11/03/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,100 | 1210859 |
| **Total Convertible Bonds — 0.2%** <br>**(Cost: $31,959,389)** | **Total Convertible Bonds — 0.2%** <br>**(Cost: $31,959,389)** | 32691169 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.3%** | **Advertising — 0.3%** | **Advertising — 0.3%** |
| Clear Channel Outdoor Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,392 | 3546892 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,520 | 4738619 |
| Lamar Media Corp., 4.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD3,908 | 3873596 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD358 | 345722 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,473 | 3459024 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD183 | 193315 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,138 | 1084272 |
| Summer BC Holdco B SARL |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,997 | 7722577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.29%, 02/15/30, (3-mo. EURIBOR + <br> 4.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,253 | 12533080 |
|  |  | 37497097 |
| **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** |
| ATI Inc., 7.25%, 08/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,869 | 4062729 |
| Boeing Co. (The), 3.75%, 02/01/50 | &nbsp;&nbsp;&nbsp; USD11,542 | 8553203 |
| Bombardier Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,416 | 1486646 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,718 | 2931368 |
| Czechoslovak Group A/S, 5.25%, 01/10/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,217 | 9850179 |
| Spirit AeroSystems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/28 | &nbsp;&nbsp;&nbsp; USD1,429 | 1439487 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,576 | 7224847 |
| TransDigm Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,008 | 2958663 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 | &nbsp;&nbsp;&nbsp; USD138 | 136729 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,946 | 2992791 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,539 | 3607416 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD12,464 | 12888761 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,938 | 4015685 |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,829 | 2937105 |
| &nbsp;&nbsp;&nbsp; 7.13%, 12/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,829 | 5037932 |
|  |  | 70123541 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture — 0.1%** | **Agriculture — 0.1%** | **Agriculture — 0.1%** |
| Darling Ingredients Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,068 | $1065643 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,972 | 5025185 |
| &nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC, 3.88%, <br> 02/12/34<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,286 | 11841685 |
| &nbsp;&nbsp;&nbsp; Tereos Finance Groupe I SA, 7.25%, <br> 04/15/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,559 | 3022165 |
|  |  | 20954678 |
| **Airlines — 0.5%** | **Airlines — 0.5%** | **Airlines — 0.5%** |
| &nbsp;&nbsp;&nbsp; ABRA Global Finance, 14.00%, 10/22/29, <br> (6.00% cash and 8.00% PIK)<sup>(a)(g)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD473 | 460170 |
| Air Canada, 3.88%, 08/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,753 | 1739483 |
| &nbsp;&nbsp;&nbsp; Air France-KLM, Series ., 5.75%, (5-year <br> EURIBOR ICE Swap + 3.58%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,000 | 13003002 |
| American Airlines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD114 | 116644 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD335 | 349499 |
| &nbsp;&nbsp;&nbsp; American Airlines Inc./AAdvantage Loyalty IP <br> Ltd., 5.75%, 04/20/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,728 | 8806089 |
| Delta Air Lines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/10/28 | &nbsp;&nbsp;&nbsp; USD10,048 | 10185897 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/10/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,033 | 8209860 |
| &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG, 5.25%, 01/15/55, <br> (5-year EURIBOR ICE Swap + 2.86%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,100 | 12183108 |
| &nbsp;&nbsp;&nbsp; Grupo Aeromexico SAB de CV, 8.25%, <br> 11/15/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD952 | 959140 |
| JetBlue Airways Corp., 9.88%, 09/20/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,727 | 8577721 |
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista <br> Management Holding Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,745 | 1685324 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD900 | 913291 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,160 | 1206411 |
|  |  | 68395639 |
| **Apparel — 0.2%** | **Apparel — 0.2%** | **Apparel — 0.2%** |
| Beach Acquisition Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,356 | 8714633 |
| &nbsp;&nbsp;&nbsp; 10.00%, 07/15/33, (10.00% Cash)<sup>(a)(h)</sup> | &nbsp;&nbsp;&nbsp; USD6,343 | 6810263 |
| &nbsp;&nbsp;&nbsp; PrestigeBidCo GmbH, 5.78%, 07/01/29, <br> (3-mo. EURIBOR + 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,253 | 1452036 |
| VF Corp., 4.25%, 03/07/29 | &nbsp;&nbsp;&nbsp; EUR11,000 | 12615285 |
|  |  | 29592217 |
| **Auto Manufacturers — 1.2%** | **Auto Manufacturers — 1.2%** | **Auto Manufacturers — 1.2%** |
| Allison Transmission Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD279 | 257597 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD240 | 238717 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,008 | 1016487 |
| &nbsp;&nbsp;&nbsp; Aston Martin Capital Holdings Ltd., 10.38%, <br> 03/31/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP7,662 | 8987701 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America, 5.47%, 03/27/30, <br> (1-day SOFR + 1.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,500 | 3529155 |
| Jaguar Land Rover Automotive PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,021 | 1992618 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 399671 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,743 | 1743819 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz International Finance BV, <br> 2.50%, 09/05/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,000 | 4617515 |
| Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.85%, 09/16/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,064 | 1999575 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/29/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,488 | 4484681 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/17/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD907 | 888697 |
| &nbsp;&nbsp;&nbsp; 4.81%, 09/17/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD8,371 | 7851292 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/17/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR13,904 | 16441173 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/17/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,700 | 10393157 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/17/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD966 | 1010851 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,595 | $2740128 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/17/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,647 | 3878773 |
| RCI Banque SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/24/37, (5-year EURIBOR ICE <br> Swap + 2.20%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,700 | 9017351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/09/34, (5-year EURIBOR ICE <br> Swap + 2.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR20,000 | 24104140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, , (5-year EURIBOR ICE Swap + <br> 3.83%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,400 | 5081256 |
| Renault SA, 3.88%, 09/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,800 | 4399373 |
| &nbsp;&nbsp;&nbsp; Traton Finance Luxembourg SA, 3.01%, <br> 01/21/26, (3-mo. EURIBOR + 1.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,800 | 12467608 |
| Volkswagen Bank GmbH, 4.63%, 05/03/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,500 | 3048965 |
| Volkswagen International Finance NV |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, (10-year EUR Swap + 3.37%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR5,000 | 5768587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, (9-year EUR Swap + <br> 3.33.36%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,900 | 4393517 |
| &nbsp;&nbsp;&nbsp; 5.49%, (1-day SONIA + 1.55%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR3,200 | 3813099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 5.99%, (1-day SONIA + <br> 1.55%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,900 | 9450920 |
| &nbsp;&nbsp;&nbsp; Volkswagen Leasing GmbH, 3.63%, <br> 10/11/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,226 | 9587868 |
|  |  | 163604291 |
| **Auto Parts & Equipment — 1.2%** | **Auto Parts & Equipment — 1.2%** | **Auto Parts & Equipment — 1.2%** |
| Adient Global Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,789 | 1849273 |
| &nbsp;&nbsp;&nbsp; 8.25%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD272 | 284136 |
| American Axle & Manufacturing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,840 | 5549916 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD927 | 929756 |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,961 | 1963762 |
| &nbsp;&nbsp;&nbsp; Aptiv Swiss Holdings Ltd., 6.88%, 12/15/54, <br> (5-year CMT + 3.39%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,034 | 2076667 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,859 | 13942631 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,568 | 1606066 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,137 | 8325632 |
| &nbsp;&nbsp;&nbsp; Dana Financing Luxembourg SARL, 8.50%, <br> 07/15/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,411 | 2974879 |
| Dana Inc., 5.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; USD33 | 32968 |
| Forvia SE |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR360 | 414690 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,820 | 9297879 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,320 | 3962988 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,288 | 5363999 |
| Gestamp Automocion SA, 4.38%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,424 | 5190822 |
| Goodyear Tire & Rubber Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/29 | &nbsp;&nbsp;&nbsp; USD100 | 95182 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/31 | &nbsp;&nbsp;&nbsp; USD4,484 | 4087447 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/30/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,759 | 2487263 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD189 | 187776 |
| IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 11/15/31, (7.00 % in Cash and 7.75 <br> % in PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,271 | 9103798 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/28, (8.75% PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; EUR4,000 | 4840860 |
| Mahle GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/14/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR200 | 222000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/02/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,881 | 12964678 |
| Qnity Electronics Inc., 6.25%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD534 | 548396 |
| Schaeffler AG |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/12/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,400 | 5055269 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,800 | 2117675 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,200 | 2685768 |
| Tenneco Inc., 8.00%, 11/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11,029 | 10998909 |
| ZF Europe Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/23/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,900 | 12075167 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/23/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,400 | $4584756 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/13/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,000 | 5828994 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/12/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,200 | 7311286 |
| ZF Finance GmbH, 2.25%, 05/03/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,000 | 4301019 |
| ZF North America Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD298 | 283672 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/23/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,553 | 2330226 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,561 | 5413479 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/24/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,012 | 4819491 |
|  |  | 166109175 |
| **Banks — 4.4%** | **Banks — 4.4%** | **Banks — 4.4%** |
| &nbsp;&nbsp;&nbsp; Abanca Corp. Bancaria SA, 4.63%, 12/11/36, <br> (5-year EURIBOR ICE Swap + 2.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,000 | 7195891 |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, 5.50%, 09/21/33, <br> (5-year EURIBOR ICE Sw2.45%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,500 | 4291818 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Commercial Bank PJSC, 8.00%, <br> (5-year CMT + 3.52%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD252 | 268224 |
| AIB Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, (5-year EURIBOR ICE Swap + <br> 3.70%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,500 | 4129766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.13%, (5-year EURIBOR ICE Swap + <br> 4.38%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,553 | 4411610 |
| &nbsp;&nbsp;&nbsp; Al Rajhi Sukuk Ltd., 6.25%, (6-year CMT + <br> 1.59%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD876 | 888264 |
| &nbsp;&nbsp;&nbsp; Alpha Bank SA, 6.00%, 09/13/34, (5-year <br> EURIBOR ICE Swap + 3.27%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3743423 |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd./Gandhinagar, 4.10%, (5-year <br> CMT + 3.32%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,500 | 4421250 |
| &nbsp;&nbsp;&nbsp; B&M European Value Retail SA, 6.50%, <br> 11/27/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP6,300 | 8132509 |
| &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena SpA, 4.38%, <br> 10/02/35, (5-year EURIBOR ICE Swap + <br> 2.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,500 | 10008643 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, (5-year EUR Swap + 4.26%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1252995 |
| &nbsp;&nbsp;&nbsp; 7.75%, (5-year CMT + 3.25%)<sup>(b)(g)(i)</sup> | &nbsp;&nbsp;&nbsp; USD3,227 | 3442990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, (5-year EURIBOR ICE Swap + <br> 5.54%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,000 | 6371504 |
| &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones SA, 8.75%, <br> (5-year CMT + 4.94%)<sup>(a)(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD200 | 215131 |
| Banco de Sabadell SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/07/29, (1-year EUR Swap + <br> 2.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,100 | 9864387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 6.50%, (5-year EUR Swap + <br> 4.28%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,600 | 1936028 |
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA/Grand Cayman, <br> 8.38%, (5-year CMT + 4.07%)<sup>(a)(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD533 | 558584 |
| &nbsp;&nbsp;&nbsp; Bancolombia SA, 8.63%, 12/24/34, (5-year <br> CMT + 4.32%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD427 | 456933 |
| Bangkok Bank PCL, 5.30%, 09/21/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD867 | 889568 |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk PT, <br> 4.30%, (5-year CMT + 3.47%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,500 | 4389412 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.58%, 08/24/28, (3-mo. EURIBOR + <br> 0.76%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,950 | 3288628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.26%, 01/28/31, (3-mo. <br> EURIBOR0.920.9%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR9,274 | 10848259 |
| &nbsp;&nbsp;&nbsp; 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD8,580 | 8796383 |
| Bankinter SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/25/34, (5-year EURIBOR ICE <br> Swap + 2.35%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2428955 |
| &nbsp;&nbsp;&nbsp; 6.25%, (5-year EUR Swap + 6.71%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR2,600 | 3010058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.38%, (5-year EURIBOR ICE Swap + <br> 4.70%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,400 | 5495235 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 06/03/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR15,200 | $16198093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/35, (5-year EURIBOR ICE <br> Sw1.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR16,700 | 19614458 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 01/31/33, (1-year EURIBOR ICE <br> Swap + 2.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,500 | 7969761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.37%, 01/31/31, (1-year UK Government <br> Bond + 2.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP10,413 | 14447440 |
| &nbsp;&nbsp;&nbsp; 9.25%, (5-year GBP Swap + 5.63%)<sup>(b)(i)</sup> | &nbsp;&nbsp;&nbsp; GBP2,600 | 3709192 |
| &nbsp;&nbsp;&nbsp; BBVA Bancomer SA/Texas, 7.63%, 02/11/35, <br> (5-year CMT + 3.38%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD225 | 237015 |
| BNP Paribas Cardif SA, 6.00% | &nbsp;&nbsp;&nbsp; EUR23,100 | 26626216 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA, 6.50%, (5-year EURIBOR <br> ICE Swap + 4.34%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,000 | 6025663 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, (5-year EURIBOR ICE Swap + <br> 3.93%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,200 | 2683327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, (5-year EURIBOR ICE Swap + <br> 5.29%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,600 | 3341532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 5.88%, (5-year EUR Swap + <br> 6.35%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,400 | 6451236 |
| Citigroup Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD40,455 | 40143335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/14/32, (3-mo. EURIBOR + <br> 1.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,200 | 13295843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 04/29/36, (3-mo. EURIBOR + <br> 1.58%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,619 | 3132082 |
| &nbsp;&nbsp;&nbsp; 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD8,565 | 8764835 |
| Commerzbank AG |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, (5-year EUR Swap + 4.38%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR3,600 | 4117921 |
| &nbsp;&nbsp;&nbsp; 6.50%, (5-year EUR Swap + 6.74%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR5,000 | 6157964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, (5-year EURIBOR ICE Swap + <br> 4.23%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR200 | 243710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, (5-year EURIBOR ICE Swap + <br> 5.12%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,200 | 1568302 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia, 3.79%, <br> 08/26/37, (5-year EURIBOR ICE Swap + <br> 1.32%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,575 | 4144196 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA, 4.63%, 01/27/28, <br> (3-mo. EURIBOR + 1.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,600 | 10170465 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 09/21/29, (3-mo. EURIBOR + <br> 0.68%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR9,500 | 10284810 |
| &nbsp;&nbsp;&nbsp; 1.88%, 12/20/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,900 | 9063426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, (5-year EURIBOR ICE Swap + <br> 3.63%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,400 | 4016766 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, (5-year EURIBOR ICE Swap + <br> 4.55%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,800 | 6664405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, (5-year EURIBOR ICE Swap + <br> 4.74%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,400 | 8468538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.13%, (5-year USD ICE Swap <br> +4.36%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,800 | 2983445 |
| &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and Holdings SA, <br> 4.25%, 04/30/35, (5-year EURIBOR ICE <br> Swap + 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,275 | 3792561 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Corp., 12.25%, <br> 10/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,647 | 2946550 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Bank USA/New York, 6.60%, <br> 09/12/30<sup>(b)(e)</sup><br>| &nbsp;&nbsp;&nbsp; USD40,455 | 40434772 |
| Goldman Sachs Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 02/07/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,003 | 4419690 |
| &nbsp;&nbsp;&nbsp; 1.50%, 12/07/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP1,595 | 1982660 |
| &nbsp;&nbsp;&nbsp; 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,584 | 4745581 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/10/28 | &nbsp;&nbsp;&nbsp; GBP617 | $864700 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 07/24/27, (1-day SONIA + <br> 1.31%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; GBP4,830 | 6230135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 09/25/30, (3-mo. EURIBOR + <br> 1.18%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,870 | 3373284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 08/28/36, (3-month BB Swap + <br> 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD2,000 | 1311662 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.25%, (5-year USD ICE Swap + <br> 4.08%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,750 | 2915027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, (5-year USD ICE Swap + <br> 4.36%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,525 | 2729669 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA, 5.50%, (5-year EUR <br> Swap + 5.85%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,758 | 3270485 |
| &nbsp;&nbsp;&nbsp; KBC Group NV, 8.00%, (5-year EURIBOR ICE <br> Swap + 4.92%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,200 | 2807468 |
| LG Electronics Inc., 5.63%, 04/24/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 646779 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, (5-year UK Government Bond + <br> 5.88%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,300 | 1794054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 7.50%, (5-year UK Government <br> Bond + 3.43%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,575 | 3512506 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group Inc., 6.35%, , <br> (5-year CMT + 2.07%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,000 | 2050952 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 03/21/35, (3-mo. <br> EURIBOR1.2421.24%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR9,556 | 11404095 |
| &nbsp;&nbsp;&nbsp; 4.66%, 03/02/29, #N/A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; EUR22,227 | 26795427 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., 5.77%, 07/30/40, <br> (3-month BB Swap + 1.71.7%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD3,000 | 1990518 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA, 5.88%, 06/28/35, <br> (5-year EURIBOR ICE Swap + 3.15%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,700 | 4585123 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.07%, 09/06/28, (3-mo. EURIBOR + <br> 1.91%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,007 | 5935318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, (5-year UK Government Bond + <br> 3.29%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5,025 | 6818485 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 06/12/29, (3-mo. <br> EURIBOR0.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,900 | 4243816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/22/32, (3-mo. EURIBOR + <br> 0.98%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP6,600 | 8923111 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group Inc., 6.45%, <br> (5-year CMT + 1.90%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4107836 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp, 2.83%, 05/21/28, (3-mo. <br> EURIBOR + 0.80%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,860 | 12546887 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.25%, 11/05/28, (1-year EUR Swap + <br> 0.77%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,670 | 7350775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/17/32, (1-year EURIBOR ICE <br> Swap + 1.60%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,949 | 8653107 |
| &nbsp;&nbsp;&nbsp; 5.13%, (5-year CMT + 4.86%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; USD1,200 | 1195500 |
| UniCredit SpA, 3.73%, 06/10/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,649 | 7792577 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 02/02/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR15,931 | 18056135 |
| &nbsp;&nbsp;&nbsp; 1.50%, 05/24/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,973 | 3381271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 07/22/28, (3-mo. EURIBOR + <br> 0.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR14,457 | 16717445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/22/32, (3-mo. EURIBOR + <br> 1.22%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,321 | 13541943 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp., 5.82%, 06/04/40, <br> (3-month BB Swap + 1.71.78%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD4,000 | 2659337 |
|  |  | 607787665 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages — 0.0%** | **Beverages — 0.0%** | **Beverages — 0.0%** |
| Heineken NV, 3.51%, 05/03/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR370 | $431692 |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings Inc./Triton Water <br> Holdings Inc., 4.38%, 04/30/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,980 | 2898018 |
|  |  | 3329710 |
| **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
| Amgen Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.77%, 09/01/53<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD12,174 | 7400681 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/02/63 | &nbsp;&nbsp;&nbsp; USD4,755 | 4749257 |
|  |  | 12149938 |
| **Building Materials — 0.6%** | **Building Materials — 0.6%** | **Building Materials — 0.6%** |
| Builders FirstSource Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,595 | 1578958 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD257 | 266344 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,931 | 6142280 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD934 | 980655 |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub Inc., 8.75%, <br> 08/01/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,411 | 5926433 |
| &nbsp;&nbsp;&nbsp; Cemex SAB de CV, 7.20%, (5-year CMT + <br> 2.29%)<sup>(a)(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD408 | 424402 |
| &nbsp;&nbsp;&nbsp; Cornerstone Building Brands Inc., 9.50%, <br> 08/15/29<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,625 | 6113039 |
| CP Atlas Buyer Inc., 9.75%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,669 | 6956917 |
| EMRLD Borrower LP/Emerald Co-Issuer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,223 | 13517276 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,104 | 5247070 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,433 | 1488120 |
| HT Troplast GmbH, 9.38%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,937 | 5910657 |
| &nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco Inc./MIWD <br> Borrower LLC, 6.75%, 04/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,584 | 3678804 |
| PCF GmbH, 4.75%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,957 | 2196788 |
| Quikrete Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,919 | 7176470 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,770 | 1841788 |
| Sisecam U.K. PLC, 8.25%, 05/02/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD876 | 895710 |
| &nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete LLC, 8.88%, <br> 11/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,604 | 5901006 |
| &nbsp;&nbsp;&nbsp; Standard Building Solutions Inc., 6.25%, <br> 08/01/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD388 | 395662 |
| Standard Industries Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,330 | 1211222 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,661 | 5459789 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,009 | 2999236 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD354 | 363913 |
|  |  | 86672539 |
| **Chemicals — 1.4%** | **Chemicals — 1.4%** | **Chemicals — 1.4%** |
| &nbsp;&nbsp;&nbsp; Air Products and Chemicals Inc., 2.95%, <br> 05/14/31<br>| &nbsp;&nbsp;&nbsp; EUR13,142 | 15120004 |
| Avient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD373 | 380817 |
| &nbsp;&nbsp;&nbsp; 7.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,148 | 1181537 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC/Axalta Coating <br> Systems Dutch Holding B BV, 4.75%, <br> 06/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD440 | 438927 |
| Brenntag Finance BV, 3.38%, 10/02/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,800 | 4364428 |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,338 | 5293428 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD328 | 322987 |
| &nbsp;&nbsp;&nbsp; 6.85%, 11/15/28<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,555 | 1610699 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/15/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,680 | 3697638 |
| &nbsp;&nbsp;&nbsp; 7.05%, 11/15/30 | &nbsp;&nbsp;&nbsp; USD3,449 | 3509796 |
| &nbsp;&nbsp;&nbsp; 7.20%, 11/15/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,031 | 2082474 |
| Chemours Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,238 | 3718891 |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,207 | 4066235 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| &nbsp;&nbsp;&nbsp; FIS Fabbrica Italiana Sintetici SpA, 5.63%, <br> 08/01/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,175 | $3672923 |
| &nbsp;&nbsp;&nbsp; FMC Corp., 8.45%, 11/01/55, (5-year CMT + <br> 4.37%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,917 | 2830881 |
| GC Treasury Center Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, , (5-year CMT + 2.82%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; USD4,455 | 4517648 |
| &nbsp;&nbsp;&nbsp; 7.13%, (5-year CMT + 3.16%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; USD3,205 | 3314371 |
| Herens Holdco SARL, 4.75%, 05/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,682 | 1419862 |
| Huntsman International LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/15/31 | &nbsp;&nbsp;&nbsp; USD2,871 | 2328862 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,627 | 1504144 |
| Ineos Finance PLC, 6.38%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,503 | 5928054 |
| INEOS Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,400 | 2263470 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,203 | 4465539 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,210 | 7644694 |
| Ineos Quattro Finance 2 PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,453 | 4474621 |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,212 | 4493556 |
| &nbsp;&nbsp;&nbsp; Inversion Escrow Issuer LLC, 6.75%, <br> 08/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD200 | 195282 |
| &nbsp;&nbsp;&nbsp; Itelyum Regeneration SpA, 5.75%, <br> 04/15/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,700 | 13676081 |
| Kronos International Inc., 9.50%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,463 | 9678278 |
| &nbsp;&nbsp;&nbsp; Lenzing AG, 9.00%, (3-year EURIBOR ICE <br> Swap + 12.10%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,800 | 5588048 |
| Lune Holdings SARL, 5.63%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,892 | 383834 |
| MEGlobal BV, 4.25%, 11/03/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 498906 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/15/27<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,993 | 1997761 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/29 | &nbsp;&nbsp;&nbsp; USD509 | 507519 |
| &nbsp;&nbsp;&nbsp; Methanex U.S. Operations Inc., 6.25%, <br> 03/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD929 | 945049 |
| NOVA Chemicals Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,467 | 1427684 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,647 | 6662049 |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,167 | 2317336 |
| OCP SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/23/51<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD463 | 389545 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/02/54<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD695 | 774960 |
| Olin Corp., 6.63%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,983 | 2953995 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 191591 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,421 | 1545436 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,927 | 6763434 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,488 | 6324132 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,366 | 4368620 |
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV, 6.80%, <br> 05/13/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD268 | 268415 |
| Sasol Financing USA LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/18/26 | &nbsp;&nbsp;&nbsp; USD200 | 198622 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/18/31 | &nbsp;&nbsp;&nbsp; USD254 | 215202 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/27/28 | &nbsp;&nbsp;&nbsp; USD702 | 691898 |
| SCIH Salt Holdings Inc., 4.88%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,368 | 1353050 |
| SCIL IV LLC/SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR350 | 403267 |
| &nbsp;&nbsp;&nbsp; 9.50%, 07/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,852 | 3440691 |
| Sherwin-Williams Co. (The), 2.90%, 03/15/52 | &nbsp;&nbsp;&nbsp; USD5,500 | 3505543 |
| Synthomer PLC, 7.38%, 05/02/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,000 | 6018942 |
| Tronox Inc., 4.63%, 03/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD18,533 | 11393685 |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,979 | 1961123 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,986 | 2884088 |
|  |  | 194170552 |
| **Commercial Services — 3.2%** | **Commercial Services — 3.2%** | **Commercial Services — 3.2%** |
| ADT Security Corp., 5.88%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD126 | 127820 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| ADT Security Corp. (The), 4.13%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,677 | $1623993 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 SARL/Aggreko <br> Holdings Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/21/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,756 | 14061400 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/21/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,363 | 3470892 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, 7.88%, <br> 02/15/31<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,150 | 3279830 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD12,106 | 11835028 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD675 | 692480 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal <br> Finance Corp./Atlas Luxco 4 SARL, 4.88%, <br> 06/01/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP9,072 | 11588137 |
| Amber Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 06/11/29<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,400 | 1623796 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,600 | 11630850 |
| Anticimex International AB, 1.00%, 11/17/31<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,350 | 1556078 |
| APCOA Group GmbH, 6.00%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR19,000 | 22358692 |
| &nbsp;&nbsp;&nbsp; Arena Luxembourg Finance SARL, 4.55%, <br> 05/01/30, (3-mo. EURIBOR + 2.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,122 | 4789084 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD420 | 403042 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,430 | 1377230 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,599 | 4674194 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD668 | 681757 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,351 | 3432761 |
| BCP V Modular Services Finance II PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,300 | 4674882 |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP9,176 | 11086826 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/10/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR14,964 | 15849379 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,171 | 1186420 |
| &nbsp;&nbsp;&nbsp; Bidvest Group UK PLC (The), 6.20%, <br> 09/17/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD200 | 202750 |
| Block Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 06/01/26 | &nbsp;&nbsp;&nbsp; USD982 | 970751 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,325 | 2360128 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,921 | 4009207 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD980 | 1016803 |
| Boels Topholding BV |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,030 | 10762261 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,297 | 2733517 |
| &nbsp;&nbsp;&nbsp; Boost Newco Borrower LLC, 7.50%, <br> 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,280 | 4546944 |
| Brink's Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 257701 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,495 | 1552474 |
| &nbsp;&nbsp;&nbsp; Clarivate Science Holdings Corp., 3.88%, <br> 07/01/28<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,206 | 3087556 |
| Cofiroute SA, 1.00%, 05/19/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,000 | 7263719 |
| Currenta Group Holdings Sarl |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,304 | 2696381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.04%, 05/15/32, (3-mo. EURIBOR + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,354 | 2724371 |
| EC Finance PLC, 3.25%, 10/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,900 | 9865775 |
| EquipmentShare.com Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 05/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,190 | 4228468 |
| &nbsp;&nbsp;&nbsp; 9.00%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,316 | 5356083 |
| &nbsp;&nbsp;&nbsp; Flinders Port Holdings Pty Ltd., 6.10%, <br> 07/10/34<br>| &nbsp;&nbsp;&nbsp; AUD1,500 | 1029835 |
| Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD585 | 570657 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,097 | 1122515 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,496 | 7627502 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,974 | 8113378 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| GEO Group Inc. (The), 8.63%, 04/15/29 | &nbsp;&nbsp;&nbsp; USD3,930 | $4147400 |
| Herc Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD199 | 198950 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,234 | 2306976 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 261670 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,640 | 5946269 |
| ION Platform Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,710 | 12121064 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/30/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,546 | 10790063 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR14,014 | 16544541 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S. Inc., 7.88%, <br> 09/30/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,007 | 982197 |
| Kapla Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/30/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR16,744 | 19536172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 07/31/30, (3-mo. EURIBOR + <br> 3.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1158173 |
| Kaspi.KZ JSC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/26/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD801 | 822595 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/26/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 205392 |
| Loxam SAS |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,000 | 2316528 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR14,781 | 16983596 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR900 | 1070224 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,487 | 7736531 |
| Motability Operations Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/24/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,596 | 6542826 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/17/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,990 | 4775025 |
| &nbsp;&nbsp;&nbsp; NSW Ports Finance Co. Pty Ltd., 5.43%, <br> 09/19/34<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD650 | 425771 |
| Pachelbel Bidco SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.32%, 05/17/31, (3-mo. EURIBOR + <br> 4.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,116 | 4779351 |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/17/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR15,821 | 19539263 |
| &nbsp;&nbsp;&nbsp; Port of Newcastle Investments Financing Pty <br> Ltd., 6.10%, 07/18/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,600 | 1076140 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime <br> Finance Inc., 3.38%, 08/31/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,251 | 4139897 |
| Q-Park Holding I BV |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,229 | 1460597 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,303 | 3935208 |
| RR Donnelley & Sons Co. |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD282 | 289140 |
| &nbsp;&nbsp;&nbsp; 10.88%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD10,763 | 10819237 |
| Service Corp. International/U.S. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/30 | &nbsp;&nbsp;&nbsp; USD2,454 | 2280402 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 | &nbsp;&nbsp;&nbsp; USD1,583 | 1499359 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 | &nbsp;&nbsp;&nbsp; USD250 | 249305 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 | &nbsp;&nbsp;&nbsp; USD301 | 301145 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/32 | &nbsp;&nbsp;&nbsp; USD815 | 826861 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments <br> Finance Sub Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,353 | 13532783 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,889 | 2983856 |
| &nbsp;&nbsp;&nbsp; Techem Verwaltungsgesellschaft 675 mbH, <br> 4.63%, 07/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,700 | 8923238 |
| United Rentals North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/32 | &nbsp;&nbsp;&nbsp; USD3,684 | 3427343 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/31 | &nbsp;&nbsp;&nbsp; USD1,028 | 975963 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/30 | &nbsp;&nbsp;&nbsp; USD2,686 | 2579534 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/27 | &nbsp;&nbsp;&nbsp; USD250 | 250220 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,586 | 1654970 |
| &nbsp;&nbsp;&nbsp; Varanasi Aurangabad Nh-2 Tollway Pvt Ltd., <br> 5.90%, 02/28/34<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD703 | 732352 |
| Verisure Holding AB |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 10/25/32<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,850 | 2131635 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR375 | 446093 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| &nbsp;&nbsp;&nbsp; Volkswagen Financial Services AG, 2.25%, <br> 10/16/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,091 | $4708783 |
| Williams Scotsman Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,866 | 1841541 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,918 | 4033859 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD129 | 135011 |
| Worldline SA/France |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/12/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,700 | 3575789 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/27/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,800 | 6274109 |
|  |  | 438378294 |
| **Computers — 0.6%** | **Computers — 0.6%** | **Computers — 0.6%** |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA, <br> 5.00%, 10/30/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR14,592 | 17052232 |
| Amentum Holdings Inc., 7.25%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD683 | 710801 |
| Atos SE |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 12/18/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; EUR6,457 | 7283424 |
| &nbsp;&nbsp;&nbsp; Series ., 9.00%, 12/18/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; EUR15,696 | 20679607 |
| CACI International Inc., 6.38%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD693 | 720526 |
| &nbsp;&nbsp;&nbsp; Cedacri Mergeco SpA, 6.66%, 05/15/28, <br> (3-mo. EURIBOR + 4.62%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,927 | 9165892 |
| McAfee Corp., 7.38%, 02/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD11,234 | 10284058 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,243 | 6741972 |
| NCR Voyix Corp., 5.00%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,851 | 3813641 |
| OVH Groupe SA, 4.75%, 02/05/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,000 | 6987836 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.09%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD628 | 610936 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 102455 |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD916 | 973210 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 266091 |
| &nbsp;&nbsp;&nbsp; 9.63%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,035 | 2319672 |
|  |  | 87712353 |
| **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** |
| &nbsp;&nbsp;&nbsp; Edgewell Personal Care Co., 4.13%, <br> 04/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,380 | 4159942 |
| Opal Bidco SAS, 5.50%, 03/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,649 | 13933318 |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/15/30 | &nbsp;&nbsp;&nbsp; USD500 | 489088 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/30/32 | &nbsp;&nbsp;&nbsp; USD673 | 678681 |
| Prestige Brands Inc., 5.13%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,501 | 1496287 |
|  |  | 20757316 |
| **Distribution & Wholesale — 0.2%** | **Distribution & Wholesale — 0.2%** | **Distribution & Wholesale — 0.2%** |
| &nbsp;&nbsp;&nbsp; American Builders & Contractors Supply <br> Co. Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD789 | 752832 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD331 | 326318 |
| Azelis Finance NV, 4.75%, 09/25/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1183887 |
| IMCD NV |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 03/31/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,382 | 10749209 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/18/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,193 | 8703903 |
| RB Global Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 255264 |
| &nbsp;&nbsp;&nbsp; 7.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,645 | 1716770 |
|  |  | 23688183 |
| **Diversified Financial Services — 1.4%** | **Diversified Financial Services — 1.4%** | **Diversified Financial Services — 1.4%** |
| Ally Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/20/25 | &nbsp;&nbsp;&nbsp; USD200 | 199961 |
| &nbsp;&nbsp;&nbsp; 6.65%, 01/17/40, (5-year CMT + 2.45%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,887 | 1891371 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/14/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD721 | 751698 |
| Aretec Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,464 | 1476024 |
| &nbsp;&nbsp;&nbsp; 10.00%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,043 | 4398998 |
| Azorra Finance Ltd., 7.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,604 | 2740710 |
| &nbsp;&nbsp;&nbsp; Bracken MidCo1 PLC, 6.75%, 11/01/27, <br> (6.75% PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; GBP3,326 | 4313867 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Burford Capital Global Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD510 | $506547 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,203 | 2174985 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,119 | 4263116 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.49%, 09/11/31, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD9,389 | 9320664 |
| &nbsp;&nbsp;&nbsp; 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD8,750 | 8691934 |
| Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,318 | 6314967 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD123 | 128992 |
| Encore Capital Group Inc., 4.25%, 06/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP3,548 | 4425091 |
| &nbsp;&nbsp;&nbsp; Encore Issuances SA, Series 155, 12.05%, <br> 11/06/25, (3-mo. EURIBOR + 10.000%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR839 | 866517 |
| &nbsp;&nbsp;&nbsp; Focus Financial Partners LLC, 6.75%, <br> 09/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD797 | 821448 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,431 | 1469928 |
| &nbsp;&nbsp;&nbsp; 8.38%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD227 | 236673 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,994 | 2119674 |
| &nbsp;&nbsp;&nbsp; 9.25%, 02/01/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,258 | 1320900 |
| Garfunkelux Holdco 3 SA, 9.00%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,904 | 10016155 |
| GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,579 | 3712980 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,498 | 2551230 |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,063 | 1127459 |
| GS Finance Corp., 8.75%, 02/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD17,990 | 18225489 |
| Hyundai Card Co. Ltd., 5.75%, 04/24/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,395 | 1449475 |
| Intrum Investments And Financing AB |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/11/27 | &nbsp;&nbsp;&nbsp; EUR632 | 676700 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/11/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR1,414 | 1424531 |
| &nbsp;&nbsp;&nbsp; 8.00%, 09/11/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,351 | 3894858 |
| &nbsp;&nbsp;&nbsp; 8.50%, 09/11/29 | &nbsp;&nbsp;&nbsp; EUR790 | 786094 |
| &nbsp;&nbsp;&nbsp; 8.50%, 09/11/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR325 | 319109 |
| Jane Street Group/JSG Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,429 | 6541996 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD789 | 823061 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,677 | 3858526 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,055 | 3839587 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,190 | 2157737 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC, 8.25%, <br> 05/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,610 | 2705920 |
| Muangthai Capital PCL |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD4,500 | 4567500 |
| &nbsp;&nbsp;&nbsp; 7.55%, 07/21/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,360 | 1409368 |
| Muthoot Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/23/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,000 | 1016250 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/02/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD5,755 | 5836289 |
| PennyMac Financial Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 194190 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,166 | 2160807 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,014 | 2100781 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,227 | 5472554 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,881 | 3061501 |
| Power Finance Corp. Ltd., 1.84%, 09/21/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR204 | 226097 |
| Rocket Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,754 | 3893778 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,183 | 2291951 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,519 | 2472665 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD347 | 333365 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,522 | 6130990 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD188 | 173127 |
| Sammaan Capital Ltd., 7.50%, 10/16/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD4,745 | 4787990 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active 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)** |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/02/26 | &nbsp;&nbsp;&nbsp; USD3,321 | $3262967 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/31/30 | &nbsp;&nbsp;&nbsp; USD866 | 897889 |
| SRC Sukuk Ltd., 4.38%, 04/02/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD613 | 612160 |
| &nbsp;&nbsp;&nbsp; Stonex Escrow Issuer LLC, 6.88%, <br> 07/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,396 | 2478911 |
| StoneX Group Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD755 | 799618 |
| &nbsp;&nbsp;&nbsp; SURA Asset Management SA, 6.35%, <br> 05/13/32<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD615 | 658665 |
| Synchrony Financial, 7.25%, 02/02/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,201 | 1273100 |
| &nbsp;&nbsp;&nbsp; Titanium 2l Bondco SARL, 6.25%, 01/14/31, <br> (6.75% PIK)<sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,698 | 758864 |
| Trust Fibra Uno, 7.70%, 01/23/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,068 | 1167281 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,446 | 6348305 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,211 | 3216472 |
| UWM Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,912 | 4903163 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD236 | 240433 |
|  |  | 195292003 |
| **Electric — 2.5%** | **Electric — 2.5%** | **Electric — 2.5%** |
| &nbsp;&nbsp;&nbsp; A2A SpA, 5.00%, (5-year EURIBOR ICE <br> Swap + 2.25%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,805 | 4550448 |
| ACEN Finance Ltd., 4.00%<sup>(c)(i)</sup> | &nbsp;&nbsp;&nbsp; USD1,198 | 790680 |
| AES Andes SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.30%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 413380 |
| &nbsp;&nbsp;&nbsp; 6.30%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD961 | 993145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.15%, 06/10/55, (5-year CMT + <br> 3.84%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD634 | 665225 |
| &nbsp;&nbsp;&nbsp; AES Corp. (The), 6.95%, 07/15/55, (5-year <br> CMT + 2.89%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,092 | 7828919 |
| &nbsp;&nbsp;&nbsp; AES Panama Generation Holdings SRL, <br> 4.38%, 05/31/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,119 | 1040630 |
| AGL Energy Ltd., 5.77%, 09/30/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; AUD6,090 | 4001502 |
| Alpha Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/34<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD876 | 886180 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,145 | 1176587 |
| &nbsp;&nbsp;&nbsp; Atlantica Sustainable Infrastructure Ltd., <br> 4.13%, 06/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD991 | 959564 |
| &nbsp;&nbsp;&nbsp; AusNet Services Holdings Pty Ltd., 6.19%, <br> 02/12/55, (3-month BB Swap + 2.25%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,740 | 1171646 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable <br> Infrastructure PLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,263 | 13319027 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,741 | 1759044 |
| Calpine Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD79 | 75836 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD475 | 474948 |
| &nbsp;&nbsp;&nbsp; Clean Renewable Power Mauritius Pte. Ltd., <br> 4.25%, 03/25/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,465 | 3387037 |
| &nbsp;&nbsp;&nbsp; Continuum Energy Aura Pte. Ltd., 9.50%, <br> 02/24/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,500 | 4626585 |
| &nbsp;&nbsp;&nbsp; Continuum Green Energy India Pvt / <br> Co-Issuers, 7.50%, 06/26/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,842 | 2996950 |
| &nbsp;&nbsp;&nbsp; ContourGlobal Power Holdings SA, 5.00%, <br> 02/28/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR14,801 | 17511350 |
| Diamond II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.95%, 07/28/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD435 | 437614 |
| &nbsp;&nbsp;&nbsp; 7.95%, 07/28/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD5,500 | 5533055 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 06/15/28 | &nbsp;&nbsp;&nbsp; EUR2,359 | 2747628 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/31 | &nbsp;&nbsp;&nbsp; EUR6,578 | 7764826 |
| &nbsp;&nbsp;&nbsp; E.ON International Finance BV, 3.50%, <br> 09/03/35<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,561 | 2960020 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 06/15/54, (5-year CMT + <br> 3.66%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,435 | $1476922 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/15/53, (5-year CMT + 3.86%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,074 | 4204645 |
| EDP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 03/14/82, (5-year EUR Swap + <br> 2.08%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,100 | 3345040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/29/54, (5-year EURIBOR ICE <br> Swap + 2.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,700 | 5645830 |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, (5-year EUR Swap + 2.86%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR2,400 | 2690728 |
| &nbsp;&nbsp;&nbsp; 3.38%, (5-year EUR Swap + 3.97%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR12,200 | 13491391 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/05/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,700 | 7877837 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/17/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,800 | 5807016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, (5-year EURIBOR ICE Swap + <br> 2.07%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR13,300 | 15205458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, (5-year EURIBOR ICE Swap + <br> 2.94%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3572701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, (5-year EURIBOR ICE Swap + <br> 3.27%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,600 | 1936561 |
| &nbsp;&nbsp;&nbsp; 5.88%, (15-year GBP Swap + 3.32%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; GBP4,600 | 6005250 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/02/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP10,200 | 13990616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.38%, (5-year UK Government Bond + <br> 3.77%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP3,900 | 5236077 |
| &nbsp;&nbsp;&nbsp; Emera Inc., Series 16-A, 6.75%, 06/15/76, <br> 3-mo. SOFR US + 5.7%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,777 | 2790238 |
| &nbsp;&nbsp;&nbsp; Enel SpA, 4.25%, (5-year EURIBOR ICE <br> Sw2.01%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,375 | 7498096 |
| Engie Energia Chile SA, 3.40%, 01/28/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD290 | 272600 |
| Engie SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/11/37<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,400 | 2784685 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/06/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,500 | 7852239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, (5-year EURIBOR ICE <br> Sw2.37%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,400 | 1722686 |
| Eurogrid GmbH, 3.60%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,100 | 10774907 |
| &nbsp;&nbsp;&nbsp; EUSHI Finance Inc., 7.63%, 12/15/54, (5-year <br> CMT + 3.14%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD60 | 63088 |
| Lightning Power LLC, 7.25%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,186 | 1256280 |
| Minejesa Capital BV, 5.63%, 08/10/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD522 | 520173 |
| &nbsp;&nbsp;&nbsp; Mong Duong Finance Holdings BV, 5.13%, <br> 05/07/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,049 | 3012303 |
| MVM Energetika Zrt |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/13/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 673100 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/09/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD3,814 | 4041658 |
| NRG Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,841 | 4603582 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,850 | 3593920 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD334 | 309977 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,596 | 2607248 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,969 | 2980233 |
| NSW Electricity Networks Finance Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/11/55, (3-month BB Swap + <br> 2.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,910 | 1260748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.28%, 03/11/55, (3-month BB Swap + <br> 2.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD600 | 405873 |
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, 3.63%, <br> 06/15/34<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,593 | 5359278 |
| &nbsp;&nbsp;&nbsp; Origin Energy Finance Ltd., 1.00%, <br> 09/17/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,554 | 5926736 |
| Orsted A/S |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.50%, (5-year UK GovernmentBond + <br> 2.13%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP9,918 | 9739382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, (5-year EURIBOR ICE Swap + <br> 2.59%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR375 | 442151 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp;&nbsp; Orsted AS, 5.25%, (5-year EUR Swap + <br> 2.62%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | $1178152 |
| &nbsp;&nbsp;&nbsp; PacifiCorp, 7.38%, 09/15/55, (5-year CMT + <br> 3.32%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD262 | 275238 |
| &nbsp;&nbsp;&nbsp; Perusahaan Perseroan Persero PT <br> Perusahaan Listrik Negara<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 11/05/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,000 | 3102438 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/30/50<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD762 | 576263 |
| &nbsp;&nbsp;&nbsp; PG&E Corp., 7.38%, 03/15/55, (5-year CMT + <br> 3.88%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,738 | 8987251 |
| Pike Corp., 8.63%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 266754 |
| Public Power Corp. SA, 4.25%, 10/31/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,793 | 5617222 |
| &nbsp;&nbsp;&nbsp; RTE Reseau de Transport d'Electricite SADIR, <br> 1.13%, 09/09/49<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,500 | 4510934 |
| &nbsp;&nbsp;&nbsp; San Miguel Global Power Holdings Corp., <br> 8.13%, (1-year CMT + 6.40%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,100 | 3148438 |
| Saudi Electricity Sukuk Programme Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.94%, 02/13/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 407276 |
| &nbsp;&nbsp;&nbsp; 5.23%, 02/18/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,101 | 1131211 |
| &nbsp;&nbsp;&nbsp; 5.68%, 04/11/53<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD952 | 964233 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The), 1.88%, 09/15/81, (5-year <br> EUR Swap + 2.10%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR14,627 | 16331557 |
| &nbsp;&nbsp;&nbsp; Star Energy Geothermal Darajat II/Star <br> Energy Geothermal Salak, 4.85%, <br> 10/14/38<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD508 | 488315 |
| Talen Energy Supply LLC, 8.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,428 | 5759830 |
| &nbsp;&nbsp;&nbsp; Terna - Rete Elettrica Nazionale, 4.75%, <br> (5-year EURIBOR ICE Swap + <br> 2.14%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,505 | 7793259 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,168 | 3110582 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,157 | 2157701 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,790 | 1880110 |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,649 | 4933677 |
| VoltaGrid LLC, 7.38%, 11/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,473 | 6583377 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,361 | 2309207 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,647 | 2722882 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11 | 11509 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,491 | 5761256 |
|  |  | 349057751 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| Belden Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115136 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 115256 |
| Energizer Holdings Inc., 4.38%, 03/31/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,844 | 2729731 |
| &nbsp;&nbsp;&nbsp; Prysmian SpA, Series ., 5.25%, (5-year <br> EURIBOR ICE Swap + 3.01%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,525 | 7850365 |
| Schneider Electric SE, 3.00%, 03/02/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,100 | 3584811 |
| WESCO Distribution Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,211 | 2284337 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD166 | 173408 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,159 | 1211387 |
|  |  | 18064431 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Imola Merger Corp., 4.75%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,711 | 2672247 |
| Sensata Technologies BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,806 | 1760016 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD534 | 539180 |
| Sensata Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,911 | 1776233 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,126 | 2050095 |
|  |  | 8797771 |
| **Energy - Alternate Sources — 0.1%** | **Energy - Alternate Sources — 0.1%** | **Energy - Alternate Sources — 0.1%** |
| Azure Power Energy Ltd., 3.58%, 08/19/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,432 | 1401723 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Energy - Alternate Sources (continued)** | **Energy - Alternate Sources (continued)** | **Energy - Alternate Sources (continued)** |
| Greenko Wind Projects Mauritius Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 09/27/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,009 | $1023530 |
| &nbsp;&nbsp;&nbsp; 7.25%, 09/27/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD3,460 | 3509824 |
| India Cleantech Energy, 4.70%, 08/10/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD4,554 | 4503906 |
| ReNew Pvt Ltd., 5.88%, 03/05/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD3,500 | 3493087 |
| SK Battery America Inc., 2.13%, 01/26/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD649 | 643230 |
|  |  | 14575300 |
| **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** |
| AECOM, 6.00%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD326 | 334561 |
| Arcosa Inc., 6.88%, 08/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,123 | 1176108 |
| Bouygues SA, 5.38%, 06/30/42<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,700 | 8706559 |
| &nbsp;&nbsp;&nbsp; Gatwick Airport Finance PLC, 4.38%, <br> 04/07/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP7,292 | 9517676 |
| Heathrow Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; GBP6,391 | 8222607 |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; GBP3,193 | 3918044 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP9,030 | 11930725 |
| IHS Holding Ltd., 6.25%, 11/29/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD545 | 544237 |
| &nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., <br> 4.88%, 09/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD30 | 29300 |
| &nbsp;&nbsp;&nbsp; Worley Financial Services Pty Ltd., 5.87%, <br> 05/13/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,500 | 1012787 |
|  |  | 45392604 |
| **Entertainment — 1.2%** | **Entertainment — 1.2%** | **Entertainment — 1.2%** |
| Allwyn Entertainment Financing UK PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,629 | 9849614 |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,081 | 13442830 |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment SASU, 7.00%, <br> 05/01/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,996 | 10744524 |
| Brightstar Lottery PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,559 | 1555094 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 252475 |
| Caesars Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,829 | 1720710 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD644 | 614359 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,066 | 7124839 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,474 | 3574465 |
| Churchill Downs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,231 | 4192929 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,176 | 1175577 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,177 | 2183692 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD287 | 293441 |
| Cinemark USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,375 | 3359378 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,279 | 2361764 |
| Cirsa Finance International Sarl |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,226 | 2620090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 10/15/32, (3-mo. EURIBOR + <br> 3.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,107 | 3620252 |
| Cirsa Finance International SARL |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,991 | 5996504 |
| &nbsp;&nbsp;&nbsp; 10.38%, 11/30/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR270 | 319723 |
| Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/04/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,498 | 12121169 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/04/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP3,192 | 4231152 |
| Light & Wonder International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,105 | 1100116 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD809 | 839801 |
| Live Nation Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD180 | 175634 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,790 | 2781040 |
| Lottomatica Group SpA, 4.88%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,310 | 5125664 |
| Lottomatica SpA/Roma |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/31, (3-mo. EURIBOR + <br> 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,192 | 1380172 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,734 | 2070838 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 11.88%, <br> 04/15/31<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,778 | $12289519 |
| Pinewood Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 11/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP713 | 910971 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/27/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP8,558 | 11340298 |
| &nbsp;&nbsp;&nbsp; Resorts World Las Vegas LLC/RWLV <br> Capital Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/16/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,300 | 2071587 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/16/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD2,000 | 1801380 |
| &nbsp;&nbsp;&nbsp; 8.45%, 07/27/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,300 | 3345375 |
| Six Flags Entertainment Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,529 | 1523057 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,784 | 2790837 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's <br> Wonderland Co./Magnum <br> Management Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,989 | 1911688 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/27 | &nbsp;&nbsp;&nbsp; USD934 | 929897 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags <br> Theme Parks Inc./Canada's Wonderland <br> Co., 6.63%, 05/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,913 | 2957921 |
| Vail Resorts Inc., 5.63%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,530 | 1549630 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,612 | 5883525 |
| Warnermedia Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 03/15/29 | &nbsp;&nbsp;&nbsp; USD2,100 | 2039184 |
| &nbsp;&nbsp;&nbsp; 4.28%, 03/15/32 | &nbsp;&nbsp;&nbsp; USD325 | 297680 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD667 | 666813 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,171 | 1189762 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,745 | 2947781 |
|  |  | 161274751 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| GFL Environmental Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD878 | 858674 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD366 | 362136 |
| Luna 2 5SARL, 5.50%, 07/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,115 | 4802231 |
| Reworld Holding Corp., 4.88%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,888 | 2713691 |
|  |  | 8736732 |
| **Food — 1.1%** | **Food — 1.1%** | **Food — 1.1%** |
| &nbsp;&nbsp;&nbsp; Albertsons Companies Inc./Safeway Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,475 | 1405760 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,287 | 3280143 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,011 | 1985986 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 201581 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD312 | 312387 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,708 | 2783648 |
| Bellis Acquisition Co. PLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR13,674 | 16025158 |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/14/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP7,658 | 9720978 |
| Cencosud SA, 4.38%, 07/17/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 635597 |
| &nbsp;&nbsp;&nbsp; Chobani LLC/Chobani Finance Corp. Inc., <br> 7.63%, 07/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,830 | 3983219 |
| &nbsp;&nbsp;&nbsp; Darling Global Finance BV, 4.50%, <br> 07/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,123 | 8372806 |
| Food Service Project SA, 5.50%, 01/21/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,521 | 9852021 |
| Froneri Lux FinCo SARL, 4.75%, 08/01/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,493 | 7628746 |
| &nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur Tbk PT, <br> 4.75%, 06/09/51<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,048 | 1789440 |
| &nbsp;&nbsp;&nbsp; Irca SpA/Gallarate, 5.76%, 12/15/29, (3-mo. <br> EURIBOR + 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,829 | 6764232 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance <br> Corp./NextWave Distribution Inc., 9.00%, <br> 02/15/29<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,438 | 4646625 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Kraft Heinz Foods Co., 5.20%, 07/15/45 | &nbsp;&nbsp;&nbsp; USD4,887 | $4528914 |
| Lamb Weston Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,373 | 1326099 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/31/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,611 | 3442437 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60113 |
| &nbsp;&nbsp;&nbsp; Lion/Polaris Lux 4 SA, 5.64%, 07/01/29, <br> (3-mo. EURIBOR + 3.62%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,481 | 7541825 |
| Market Bidco Finco PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,502 | 9799577 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP2,941 | 3838265 |
| &nbsp;&nbsp;&nbsp; Nestle Finance International Ltd., 3.00%, <br> 01/23/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,571 | 6512705 |
| &nbsp;&nbsp;&nbsp; Nomad Foods Europe Midco Ltd., 1.00%, <br> 10/27/32<sup>(j)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1152650 |
| Ocado Group PLC, 10.50%, 08/08/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP2,600 | 3394035 |
| Performance Food Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD209 | 203827 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD172 | 172037 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,926 | 1977420 |
| Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/32 | &nbsp;&nbsp;&nbsp; USD1,578 | 1446313 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/15/31 | &nbsp;&nbsp;&nbsp; USD629 | 608803 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,611 | 1717782 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 | &nbsp;&nbsp;&nbsp; USD598 | 662107 |
| Post Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,021 | 958789 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,321 | 1280766 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,256 | 5258639 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,858 | 2937711 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/34<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101171 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,275 | 2304106 |
| &nbsp;&nbsp;&nbsp; Premier Foods Finance PLC, 3.50%, <br> 10/15/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,028 | 1337579 |
| U.S. Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,876 | 1840968 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,805 | 4955531 |
| Woolworths Group Ltd., 5.91%, 11/29/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; AUD2,000 | 1355422 |
|  |  | 150103918 |
| **Food Service — 0.2%** | **Food Service — 0.2%** | **Food Service — 0.2%** |
| &nbsp;&nbsp;&nbsp; Aramark International Finance Sarl, 4.38%, <br> 04/15/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,150 | 11746999 |
| &nbsp;&nbsp;&nbsp; gategroup Finance Luxembourg SA, 3.00%, <br> 02/28/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; CHF8,170 | 10003248 |
| TKC Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD220 | 221840 |
| &nbsp;&nbsp;&nbsp; 10.50%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,383 | 2450618 |
|  |  | 24422705 |
| **Forest Products & Paper — 0.4%** | **Forest Products & Paper — 0.4%** | **Forest Products & Paper — 0.4%** |
| Ahlstrom Holding 3 OY, 4.88%, 02/04/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD9,689 | 9420882 |
| Fiber Bidco SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/30, (3-mo. EURIBOR + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,514 | 2844482 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,844 | 12171999 |
| &nbsp;&nbsp;&nbsp; LD Celulose International GmbH, 7.95%, <br> 01/26/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD520 | 547794 |
| Magnera Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,428 | 3687196 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,376 | 3778479 |
| &nbsp;&nbsp;&nbsp; Sappi Papier Holding GmbH, 4.50%, <br> 03/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR9,876 | 11129987 |
| Suzano Austria GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; USD1,095 | 1101022 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; USD1,082 | 1118756 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** |
| WEPA Hygieneprodukte GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 12/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | $1150011 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,000 | 3615054 |
|  |  | 50565662 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| &nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,490 | 2582767 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,762 | 5010929 |
| &nbsp;&nbsp;&nbsp; Centrica PLC, 6.50%, 05/21/55, (5-year UK <br> Government Bond + 2.51%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5,418 | 7305886 |
| &nbsp;&nbsp;&nbsp; Promigas SA ESP/Gases del Pacifico SAC, <br> 3.75%, 10/16/29<sup>(c)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,298 | 1229855 |
|  |  | 16129437 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Dynamo Newco II GmbH, 6.25%, 10/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,091 | 2421649 |
| &nbsp;&nbsp;&nbsp; IMA Industria Macchine Automatiche SpA, <br> 5.78%, 04/15/29, (3-mo. EURIBOR + <br> 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,500 | 4061020 |
|  |  | 6482669 |
| **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** |
| Avantor Funding Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,159 | 2050540 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,568 | 4494604 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,836 | 6098620 |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Netherlands BV & Bausch & <br> Lomb, Inc., 5.87%, 01/15/31, (3-mo. <br> EURIBOR + 3.87%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,246 | 2620371 |
| &nbsp;&nbsp;&nbsp; Dentsply Sirona Inc., 8.38%, 09/12/55, (5-year <br> CMT + 4.38%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,293 | 5450341 |
| Hologic Inc., 4.63%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,695 | 1691043 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,495 | 7279941 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,694 | 4676137 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer Inc., <br> 6.25%, 04/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,840 | 3950412 |
| Medtronic Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 10/15/53 | &nbsp;&nbsp;&nbsp; EUR6,700 | 7484045 |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/15/45 | &nbsp;&nbsp;&nbsp; EUR7,200 | 8308179 |
| Teleflex Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,724 | 3648708 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/27<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,972 | 1961861 |
|  |  | 59714802 |
| **Health Care - Services — 1.1%** | **Health Care - Services — 1.1%** | **Health Care - Services — 1.1%** |
| Acadia Healthcare Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,833 | 2772196 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD724 | 719270 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,289 | 1332522 |
| Charles River Laboratories International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,902 | 2782293 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,373 | 1294400 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/01/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD836 | 826511 |
| CHS/Community Health Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,326 | 2969125 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,560 | 1462309 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,713 | 6048850 |
| &nbsp;&nbsp;&nbsp; 10.88%, 01/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD11,383 | 12271216 |
| DaVita Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,900 | 1834747 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11,155 | 11565917 |
| Encompass Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/31<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,591 | 2527597 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD845 | 836100 |
| Ephios Subco 3 SARL, 7.88%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR16,961 | 20685465 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| &nbsp;&nbsp;&nbsp; Global Medical Response Inc., 7.38%, <br> 10/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,707 | $1786111 |
| Gruppo San Donato SpA, 6.50%, 10/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,644 | 3131416 |
| HCA Inc., 4.63%, 03/15/52 | &nbsp;&nbsp;&nbsp; USD5,742 | 4765308 |
| IQVIA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,841 | 3835121 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,022 | 4020718 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,496 | 1559230 |
| LifePoint Health Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,179 | 3432652 |
| &nbsp;&nbsp;&nbsp; 9.88%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,192 | 1286899 |
| &nbsp;&nbsp;&nbsp; 11.00%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,757 | 5245080 |
| Mehilainen Yhtiot Oy |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR17,812 | 20867638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/30/32, (3-mo. EURIBOR + <br> 3.37%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR896 | 1038987 |
| Molina Healthcare Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,199 | 2028404 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,863 | 1679760 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,735 | 1689915 |
| Star Parent Inc., 9.00%, 10/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,769 | 7227772 |
| &nbsp;&nbsp;&nbsp; Team Health Holdings Inc., 13.50%, 06/30/28, <br> (9.00 % cashAnd 4.50 % in PIK)<sup>(a)(h)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,059 | 2221146 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/29 | &nbsp;&nbsp;&nbsp; USD5,513 | 5389908 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/30 | &nbsp;&nbsp;&nbsp; USD3,526 | 3441285 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; USD5,675 | 5652259 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; USD8,171 | 8322490 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD114 | 118273 |
|  |  | 158668890 |
| **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** |
| Ares Capital Corp., 5.10%, 01/15/31 | &nbsp;&nbsp;&nbsp; USD9,050 | 8923522 |
| &nbsp;&nbsp;&nbsp; Ares Strategic Income Fund, 4.85%, <br> 01/15/29<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,500 | 11329120 |
| MDGH GMTN RSC Ltd., 4.38%, 11/22/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD432 | 429572 |
| Progroup AG |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,232 | 3784776 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR13,217 | 15400676 |
| Stena International SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,750 | 7911867 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(c)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,831 | 2890128 |
| &nbsp;&nbsp;&nbsp; 7.63%, 02/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,615 | 4727578 |
| &nbsp;&nbsp;&nbsp; Turkiye Varlik Fonu Yonetimi AS, 8.25%, <br> 02/14/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD430 | 457305 |
| TVF Varlik Kiralama AS, 6.95%, 01/23/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,348 | 1391810 |
|  |  | 57246354 |
| **Home Builders — 0.2%** | **Home Builders — 0.2%** | **Home Builders — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods <br> Finance Co.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,250 | 2118036 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,487 | 1488303 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential <br> Properties Inc./Brookfield Residential <br> U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,856 | 1714692 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD753 | 753042 |
| Century Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,578 | 2417358 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD638 | 636108 |
| K Hovnanian Enterprises Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,392 | 1422216 |
| &nbsp;&nbsp;&nbsp; 8.38%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD924 | 945935 |
| LGI Homes Inc., 7.00%, 11/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,318 | 6063005 |
| Mattamy Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD56 | 54323 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD858 | 854665 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| Taylor Morrison Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD598 | $597211 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,116 | 3147123 |
|  |  | 22212017 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Somnigroup International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,437 | 1327744 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 240763 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,263 | 1250593 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,350 | 3268383 |
|  |  | 6087483 |
| **Household Products & Wares — 0.0%** | **Household Products & Wares — 0.0%** | **Household Products & Wares — 0.0%** |
| Central Garden & Pet Co., 4.13%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD985 | 922336 |
| Ontex Group NV, 5.25%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,802 | 2131604 |
|  |  | 3053940 |
| **Housewares — 0.1%** | **Housewares — 0.1%** | **Housewares — 0.1%** |
| Newell Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/27 | &nbsp;&nbsp;&nbsp; USD1,117 | 1114039 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,618 | 2487100 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,843 | 1802370 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,687 | 1585780 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD374 | 383693 |
| Scotts Miracle-Gro Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/31<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD86 | 79614 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 55467 |
|  |  | 7508063 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| Acrisure LLC/Acrisure Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,385 | 1329605 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,716 | 1759861 |
| &nbsp;&nbsp;&nbsp; 7.50%, 11/06/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,945 | 4080227 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant <br> Holdings Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD750 | 738602 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,107 | 2101160 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 256372 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,250 | 7381631 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD9,674 | 9981643 |
| &nbsp;&nbsp;&nbsp; American National Group Inc., 7.00%, <br> 12/01/55, (5-year CMT + 3.18%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,196 | 2242661 |
| AmWINS Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,075 | 1038226 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,062 | 2101877 |
| Ardonagh Finco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR20,295 | 24280110 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,321 | 5565510 |
| FWD Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/22/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,000 | 4039280 |
| &nbsp;&nbsp;&nbsp; 5.84%, 09/22/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,960 | 6080630 |
| Global Atlantic Fin Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/15/51, (5-year CMT + <br> 3.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD835 | 813229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 10/15/54, (5-year CMT + <br> 3.61%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,730 | 1808705 |
| &nbsp;&nbsp;&nbsp; Hanwha Life Insurance Co. Ltd., 6.30%, <br> 06/24/55, (5-year CMT + 2.29%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,000 | 4198800 |
| &nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. <br> Refinance 2 PLC/Howden U.S. Refinance <br> LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,628 | 2708637 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,383 | 2459513 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 12/01/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 249254 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,843 | 6100080 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; Insurance Australia Group Ltd., 5.26%, <br> 06/15/37, (3-month BB Swap + 1.68%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD1,340 | $883522 |
| &nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance <br> Management Inc., 8.50%, 03/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,828 | 1919817 |
| &nbsp;&nbsp;&nbsp; Liberty Mutual Group Inc., 4.30%, <br> 02/01/61<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD241 | 154693 |
| &nbsp;&nbsp;&nbsp; Nanshan Life Pte Ltd., 5.88%, 03/17/41, <br> (5-year CMT + 1.85%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,995 | 3056757 |
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC, 7.13%, <br> 06/01/31<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,281 | 6491269 |
| &nbsp;&nbsp;&nbsp; Peak RE Bvi Holding Ltd., 5.63%, , (5-year <br> CMT + 3.00%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,250 | 2268000 |
| &nbsp;&nbsp;&nbsp; Phoenix Group Holdings PLC, 8.50%, (5-year <br> CMT + 4.19%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,520 | 1626096 |
| Ryan Specialty LLC, 4.38%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,936 | 3847752 |
| Siaci Saint Honore, 1.00%, 07/26/32<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR374 | 431624 |
| &nbsp;&nbsp;&nbsp; Tongyang Life Insurance Co. Ltd., 6.25%, <br> 05/07/35, (5-year CMT + 2.40%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1563705 |
| &nbsp;&nbsp;&nbsp; UnipolSai Assicurazioni SpA, 4.90%, <br> 05/23/34<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,200 | 6313962 |
|  |  | 119872810 |
| **Internet — 1.3%** | **Internet — 1.3%** | **Internet — 1.3%** |
| Alphabet Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/06/45 | &nbsp;&nbsp;&nbsp; EUR4,800 | 5492140 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/06/54 | &nbsp;&nbsp;&nbsp; EUR10,830 | 12237456 |
| Arches Buyer Inc., 4.25%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,241 | 3167014 |
| Beignet Investor LLC, 6.58%, 05/30/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD59,916 | 63912841 |
| Booking Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/21/32 | &nbsp;&nbsp;&nbsp; EUR664 | 769442 |
| &nbsp;&nbsp;&nbsp; 3.63%, 11/12/28 | &nbsp;&nbsp;&nbsp; EUR3,730 | 4430536 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/12/33 | &nbsp;&nbsp;&nbsp; EUR2,500 | 3034360 |
| &nbsp;&nbsp;&nbsp; Cogent Communications Group LLC/Cogent <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,211 | 2111426 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,532 | 1527109 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,726 | 3717611 |
| Engineering - Ingegneria Informatica - SpA |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,700 | 2096185 |
| &nbsp;&nbsp;&nbsp; 11.13%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,865 | 5928681 |
| Gen Digital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD388 | 399424 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,579 | 4649942 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,525 | 1573850 |
| &nbsp;&nbsp;&nbsp; Go Daddy Operating Co. LLC/GD Finance Co. <br> Inc., 5.25%, 12/01/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD960 | 958908 |
| iliad SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/09/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,000 | 6985770 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,600 | 3162132 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,700 | 4593341 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S. Inc./ION Platform <br> Finance SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,700 | 6398114 |
| &nbsp;&nbsp;&nbsp; 9.50%, 05/30/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,909 | 7059920 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,764 | 1660294 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,645 | 1621299 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD875 | 871910 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,100 | 2114104 |
| Prosus NV |  |  |
| &nbsp;&nbsp;&nbsp; 3.06%, 07/13/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,578 | 1433061 |
| &nbsp;&nbsp;&nbsp; 3.26%, 01/19/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 394125 |
| &nbsp;&nbsp;&nbsp; 4.03%, 08/03/50<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD690 | 492487 |
| Rakuten Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, (5-year EUR Swap + 4.74%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR853 | 961657 |
| &nbsp;&nbsp;&nbsp; 8.13%, (5-year CMT + 4.25%)<sup>(a)(b)(i)</sup> | &nbsp;&nbsp;&nbsp; USD5,937 | 6203016 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,366 | 3775406 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD257 | $277527 |
| Snap Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,361 | 1391820 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD966 | 983288 |
| United Group BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.29%, 02/15/31, (3-mo. EURIBOR + <br> 4.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,498 | 2882919 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,637 | 1919282 |
| Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 10/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,078 | 4216937 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD300 | 316465 |
|  |  | 175721799 |
| **Iron & Steel — 0.2%** | **Iron & Steel — 0.2%** | **Iron & Steel — 0.2%** |
| Cleveland-Cliffs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD258 | 263719 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,598 | 1640993 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,587 | 6735161 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,061 | 1097689 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,574 | 1647709 |
| &nbsp;&nbsp;&nbsp; 7.63%, 01/15/34<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,462 | 3599309 |
| CSN Resources SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/10/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD269 | 210600 |
| &nbsp;&nbsp;&nbsp; 8.88%, 12/05/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD222 | 210345 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,726 | 3884459 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,654 | 4879747 |
| Samarco Mineracao SA |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/30/31, (9.00% PIK)<sup>(a)(g)(h)</sup> | &nbsp;&nbsp;&nbsp; USD45 | 44799 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/30/31, (9.50 % PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; USD1,474 | 1468919 |
| Vale Overseas Ltd., 6.40%, 06/28/54 | &nbsp;&nbsp;&nbsp; USD425 | 442637 |
|  |  | 26126086 |
| **Leisure Time — 0.4%** | **Leisure Time — 0.4%** | **Leisure Time — 0.4%** |
| Deuce Finco PLC, 5.50%, 06/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP11,049 | 14474711 |
| Dometic Group AB, 5.00%, 09/11/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,243 | 10790660 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,583 | 2581777 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,254 | 1268319 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,656 | 2729202 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,455 | 2625838 |
| NCL Finance Ltd., 6.13%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 255286 |
| Pinnacle Bidco PLC, 10.00%, 10/11/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP8,738 | 12080391 |
| TUI Cruises GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,941 | 4644346 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1201619 |
| Viking Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,411 | 1418980 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,356 | 1452749 |
|  |  | 55523878 |
| **Lodging — 0.8%** | **Lodging — 0.8%** | **Lodging — 0.8%** |
| Boyd Gaming Corp., 4.75%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,491 | 1435669 |
| Essendi SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,265 | 8663858 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR12,848 | 15381547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 05/15/32, (3-mo. EURIBOR + <br> 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,509 | 5262197 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR800 | 971580 |
| Fortune Star BVI Ltd., 3.95%, 10/02/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,500 | 6273454 |
| &nbsp;&nbsp;&nbsp; Grupo Posadas SAB de CV, 8.00%, <br> 12/30/27<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD488 | 482532 |
| Hilton Domestic Operating Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,430 | 4209988 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/01/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 60067 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,050 | 2088437 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,549 | 3622860 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 512514 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD618 | 637717 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| &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)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,848 | $1708556 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD864 | 829626 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,967 | 3010849 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Finance LLC/Hilton <br> Worldwide Finance Corp., 4.88%, 04/01/27<br>| &nbsp;&nbsp;&nbsp; USD230 | 230167 |
| &nbsp;&nbsp;&nbsp; Marriott Ownership Resorts Inc., 6.50%, <br> 10/01/33<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,349 | 1330130 |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD6,000 | 5991000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/24/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD488 | 489157 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 526500 |
| MGM China Holdings Ltd., 7.13%, 06/26/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD6,000 | 6348718 |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/26<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD765 | 763886 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/28<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD815 | 809523 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/29 | &nbsp;&nbsp;&nbsp; USD610 | 621044 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,274 | 4339652 |
| Sands China Ltd., 4.38%, 06/18/30 | &nbsp;&nbsp;&nbsp; USD1,700 | 1671100 |
| Station Casinos LLC, 6.63%, 03/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD366 | 371990 |
| Studio City Finance Ltd., 5.00%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD7,211 | 6900206 |
| Travel + Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,237 | 2177859 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD286 | 289119 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/31/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,125 | 3148512 |
| TVL Finance PLC, 10.25%, 04/28/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP3,418 | 4525140 |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,432 | 3430284 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,962 | 3956057 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD4,958 | 4950563 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,688 | 2709692 |
|  |  | 110731750 |
| **Machinery — 0.1%** | **Machinery — 0.1%** | **Machinery — 0.1%** |
| Terex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,236 | 2194487 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,062 | 1077074 |
| TK Elevator Midco GmbH, 4.38%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR909 | 1049450 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco Inc., 5.25%, <br> 07/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,385 | 4379945 |
|  |  | 8700956 |
| **Manufacturing — 0.3%** | **Manufacturing — 0.3%** | **Manufacturing — 0.3%** |
| Axon Enterprise Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,862 | 1912345 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD681 | 703885 |
| Entegris Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD190 | 186827 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,395 | 5361631 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 101524 |
| Maxam Prill Sarl, 6.00%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR22,753 | 26676309 |
|  |  | 34942521 |
| **Media — 2.1%** | **Media — 2.1%** | **Media — 2.1%** |
| AMC Networks Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 10.25%, 01/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,426 | 2546919 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,275 | 5545212 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,312 | 5713108 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,083 | 6787486 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD293 | 274662 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,338 | 7229013 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD10,691 | 10165699 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD8,207 | 7429956 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 98996 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,611 | 4584417 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD7,226 | $7282869 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,243 | 4306815 |
| &nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 06/30/62<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD10,464 | 6479451 |
| &nbsp;&nbsp;&nbsp; 6.83%, 10/23/55 | &nbsp;&nbsp;&nbsp; USD3,500 | 3480553 |
| Directv Financing LLC 8.88%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD8,238 | 8189315 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing <br> Co-Obligor Inc., 10.00%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD14,581 | 14520974 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; USD2,705 | 2503478 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/20/37 | &nbsp;&nbsp;&nbsp; USD3,306 | 2796876 |
| &nbsp;&nbsp;&nbsp; 6.35%, 06/01/40 | &nbsp;&nbsp;&nbsp; USD6,596 | 5917272 |
| Gray Media Inc., 9.63%, 07/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD12,619 | 12681164 |
| iHeartCommunications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 08/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,940 | 2456982 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD8,037 | 7394844 |
| Informa PLC, 3.38%, 06/09/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,344 | 6208836 |
| &nbsp;&nbsp;&nbsp; McGraw-Hill Education Inc., 7.38%, <br> 09/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,434 | 4550384 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/28/57, (3-mo. SOFR US + <br> 4.16%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,351 | 6223980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/30/62, (5-year CMT + <br> 4.00%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,293 | 5213821 |
| &nbsp;&nbsp;&nbsp; Sinclair Television Group Inc., 8.13%, <br> 02/15/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD393 | 400502 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD306 | 277631 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,732 | 6542973 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,488 | 6106620 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,500 | 6484915 |
| Sunrise FinCo I BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11,434 | 10892714 |
| &nbsp;&nbsp;&nbsp; Series OCT, 4.63%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,166 | 8371666 |
| TEGNA Inc., 4.63%, 03/15/28<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,783 | 2746825 |
| &nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes SARL, <br> 5.50%, 03/01/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD10,600 | 10544146 |
| Univision Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,801 | 2810425 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD336 | 345893 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,704 | 7879690 |
| &nbsp;&nbsp;&nbsp; 9.38%, 08/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,747 | 3955231 |
| Versant Media Group Inc., 7.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,542 | 2591130 |
| &nbsp;&nbsp;&nbsp; Virgin Media O2 Vendor Financing Notes V <br> DAC, 7.88%, 03/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP11,398 | 15218712 |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP3,300 | 3917912 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP1,500 | 1808249 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,777 | 3510290 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP970 | 1238259 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,147 | 1125930 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes III DAC, <br> 4.88%, 07/15/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP6,587 | 8420215 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC, <br> 5.00%, 07/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,892 | 2833855 |
| VZ Secured Financing BV |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,388 | 5803603 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR17,011 | 19639529 |
| Ziggo Bond Co. BV, 6.13%, 11/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,392 | 2615677 |
| Ziggo BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,953 | 5418518 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,721 | 1624365 |
|  |  | 293708557 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining — 0.4%** | **Mining — 0.4%** | **Mining — 0.4%** |
| Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/31/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD250 | $243336 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,345 | 1421583 |
| Alumina Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,286 | 1318326 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,399 | 2482619 |
| &nbsp;&nbsp;&nbsp; AngloGold Ashanti Holdings PLC, 3.75%, <br> 10/01/30<br>| &nbsp;&nbsp;&nbsp; USD464 | 442480 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,490 | 2645249 |
| &nbsp;&nbsp;&nbsp; 11.50%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,889 | 2099467 |
| BHP Billiton Finance Ltd., 3.64%, 09/04/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,127 | 8224088 |
| Constellium SE, 3.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,226 | 1170553 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 01/14/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,952 | 1851824 |
| &nbsp;&nbsp;&nbsp; 6.44%, 01/26/36<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 435350 |
| Fortescue Treasury Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,393 | 1348246 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD504 | 501987 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 655159 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,568 | 2679654 |
| Freeport Indonesia PT |  |  |
| &nbsp;&nbsp;&nbsp; 4.76%, 04/14/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,432 | 1436740 |
| &nbsp;&nbsp;&nbsp; 6.20%, 04/14/52<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD3,759 | 3905977 |
| &nbsp;&nbsp;&nbsp; Glencore Capital Finance DAC, 3.67%, <br> 10/06/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR540 | 625509 |
| &nbsp;&nbsp;&nbsp; Industrias Penoles SAB de CV, 4.15%, <br> 09/12/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD691 | 681229 |
| Kaiser Aluminum Corp., 4.50%, 06/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,731 | 2605842 |
| Navoi Mining & Metallurgical Combinat |  |  |
| &nbsp;&nbsp;&nbsp; 6.70%, 10/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD309 | 321051 |
| &nbsp;&nbsp;&nbsp; 6.70%, 10/17/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,479 | 1536681 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD437 | 458850 |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/17/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD497 | 531169 |
| Nexa Resources SA, 6.75%, 04/09/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD219 | 232994 |
| Nickel Industries Ltd., 9.00%, 09/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,580 | 1629375 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,114 | 1020780 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,566 | 2479397 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD186 | 188451 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,907 | 3017588 |
| Stillwater Mining Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/16/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 395750 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/16/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD541 | 504482 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/16/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 373000 |
| Vedanta Resources Finance II PLC |  |  |
| &nbsp;&nbsp;&nbsp; 9.48%, 07/24/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD814 | 824175 |
| &nbsp;&nbsp;&nbsp; 9.85%, 04/24/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD292 | 296015 |
| &nbsp;&nbsp;&nbsp; 10.88%, 09/17/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD582 | 609820 |
| &nbsp;&nbsp;&nbsp; 10.88%, 09/17/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD3,035 | 3180073 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 212250 |
| Volcan Cia Minera SAA, 8.50%, 10/28/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD453 | 460203 |
|  |  | 55047322 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 10.25%, 10/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,956 | 1999930 |
| &nbsp;&nbsp;&nbsp; 13.50%, 04/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,059 | 5859786 |
|  |  | 7859716 |
| **Oil & Gas — 1.8%** | **Oil & Gas — 1.8%** | **Oil & Gas — 1.8%** |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance <br> Corp., 7.50%, 10/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,272 | 3394564 |
| &nbsp;&nbsp;&nbsp; Ampol Ltd., 5.85%, 10/30/55, (3-month BB <br> Swap + 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD2,450 | 1595388 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,233 | 2226456 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD498 | $507859 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,400 | 1425028 |
| Baytex Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,456 | 2418386 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/30/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,988 | 4088279 |
| &nbsp;&nbsp;&nbsp; BP Capital Markets PLC, 3.25%, (5-year EUR <br> Swap + 3.52%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,034 | 6961767 |
| California Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD114 | 113493 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD985 | 1024658 |
| Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD746 | 747775 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD61 | 62292 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,128 | 1132532 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,244 | 2339695 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD809 | 837397 |
| Comstock Resources Inc., 6.75%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,467 | 6403524 |
| Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,720 | 3513479 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,564 | 2485910 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,397 | 2344434 |
| CVR Energy Inc., 8.50%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,200 | 5329158 |
| Diamondback Energy Inc., 4.25%, 03/15/52 | &nbsp;&nbsp;&nbsp; USD5,200 | 4096383 |
| Ecopetrol SA, 8.88%, 01/13/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD804 | 871576 |
| &nbsp;&nbsp;&nbsp; Empresa Nacional del Petroleo, 5.95%, <br> 07/30/34<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD400 | 420840 |
| Energean PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/12/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,625 | 4196114 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/12/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR148 | 171019 |
| &nbsp;&nbsp;&nbsp; Energian Israel Finance Ltd., 5.38%, <br> 03/30/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD325 | 319069 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,045 | 3613083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, (5-year EUR Swap + <br> 2.02.08%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,725 | 5596314 |
| Gran Tierra Energy Inc., 9.50%, 10/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD663 | 536645 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,079 | 2040139 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD350 | 341306 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,563 | 3373523 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,663 | 1578847 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,137 | 2980138 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/35<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,381 | 3256847 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD633 | 654806 |
| &nbsp;&nbsp;&nbsp; Ithaca Energy North Sea PLC, 5.50%, <br> 10/01/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,113 | 13004423 |
| &nbsp;&nbsp;&nbsp; KazMunayGas National Co. JSC, 5.75%, <br> 04/19/47<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD534 | 504731 |
| Matador Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD812 | 810800 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,448 | 3479773 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD896 | 913071 |
| &nbsp;&nbsp;&nbsp; MC Brazil Downstream Trading SARL, 7.25%, <br> 06/30/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD539 | 443422 |
| &nbsp;&nbsp;&nbsp; Medco Cypress Tree Pte Ltd., 8.63%, <br> 05/19/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD250 | 264813 |
| Medco Maple Tree Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.96%, 04/27/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD253 | 264861 |
| &nbsp;&nbsp;&nbsp; 8.96%, 04/27/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD3,000 | 3140640 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,685 | 5900137 |
| Northern Oil & Gas Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD600 | 584402 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,024 | 3082030 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD850 | 820509 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,153 | $2088782 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD543 | 542257 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,563 | 1595678 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,885 | 3888395 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,104 | 3220254 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD445 | 451129 |
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, 6.75%, <br> 01/27/41<br>| &nbsp;&nbsp;&nbsp; USD867 | 883733 |
| Petroleos del Peru SA, 4.75%, 06/19/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD599 | 510647 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/28/31 | &nbsp;&nbsp;&nbsp; USD954 | 933680 |
| &nbsp;&nbsp;&nbsp; 6.84%, 01/23/30 | &nbsp;&nbsp;&nbsp; USD603 | 619341 |
| &nbsp;&nbsp;&nbsp; 6.95%, 01/28/60 | &nbsp;&nbsp;&nbsp; USD447 | 368105 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/20/26 | &nbsp;&nbsp;&nbsp; USD10,281 | 10229595 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,911 | 3144132 |
| &nbsp;&nbsp;&nbsp; Petron Corp., 5.95%, (5-year CMT + <br> 7.57%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,594 | 5585329 |
| &nbsp;&nbsp;&nbsp; Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, <br> 6.24%, 07/03/36<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD448 | 478800 |
| Preem AB, 12.00%, 06/30/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,436 | 4099349 |
| &nbsp;&nbsp;&nbsp; PRIO Luxembourg Holding Sarl, 6.75%, <br> 10/15/30<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD454 | 445090 |
| &nbsp;&nbsp;&nbsp; Puma International Financing SA, 7.75%, <br> 04/25/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,760 | 1811568 |
| Raizen Fuels Finance SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.45%, 03/05/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD598 | 507179 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/25/37<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD510 | 427125 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/05/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD257 | 198468 |
| Range Resources Corp., 8.25%, 01/15/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD465 | 474368 |
| Saudi Arabian Oil Co., 4.75%, 06/02/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 644525 |
| SEPLAT Energy PLC, 9.13%, 03/21/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD712 | 722680 |
| &nbsp;&nbsp;&nbsp; SierraCol Energy Andina LLC, 6.00%, <br> 06/15/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD635 | 622300 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/28 | &nbsp;&nbsp;&nbsp; USD60 | 60532 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/26 | &nbsp;&nbsp;&nbsp; USD696 | 696639 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,816 | 4805941 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,944 | 4836543 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,342 | 7346736 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/34<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD222 | 221964 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD515 | 525875 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,596 | 2698495 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD100 | 105426 |
| Sunoco LP/Sunoco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/29 | &nbsp;&nbsp;&nbsp; USD1,348 | 1321773 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/27 | &nbsp;&nbsp;&nbsp; USD60 | 60092 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,310 | 1351004 |
| TotalEnergies Capital International SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/03/37<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,900 | 3289041 |
| &nbsp;&nbsp;&nbsp; 3.85%, 03/03/45<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR600 | 658678 |
| &nbsp;&nbsp;&nbsp; Transocean International Ltd., 7.88%, <br> 10/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,560 | 1606565 |
| &nbsp;&nbsp;&nbsp; Transocean Titan Financing Ltd., 8.38%, <br> 02/01/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,297 | 5443015 |
| &nbsp;&nbsp;&nbsp; Trident Energy Finance PLC, 12.50%, <br> 11/30/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD402 | 412492 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,992 | 3120378 |
| &nbsp;&nbsp;&nbsp; Var Energi ASA, 7.86%, 11/15/83, (5-year <br> EURIBOR ICE Swap + 4.77%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,400 | 9467362 |
| &nbsp;&nbsp;&nbsp; Vista Energy Argentina SAU, 8.50%, <br> 06/10/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD449 | 463166 |
| Vital Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,441 | 3256418 |
| &nbsp;&nbsp;&nbsp; 9.75%, 10/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,619 | 3720926 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; Wintershall Dea Finance 2 BV, 6.12%, (5-year <br> EURIBOR ICE Swap + 3.94%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,756 | $12841873 |
| Wintershall Dea Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.83%, 10/03/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,900 | 5737859 |
| &nbsp;&nbsp;&nbsp; 4.36%, 10/03/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR12,291 | 14390202 |
|  |  | 249143839 |
| **Oil & Gas Services — 0.3%** | **Oil & Gas Services — 0.3%** | **Oil & Gas Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners <br> Finance Corp., 6.25%, 04/01/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD324 | 325379 |
| Deepocean Ltd., 6.00%, 04/08/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,629 | 11281610 |
| Kodiak Gas Services LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,335 | 1368025 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD659 | 684327 |
| OEG Finance PLC, 7.25%, 09/27/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR20,466 | 24684082 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA <br> Compression Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD542 | 544081 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,032 | 1065891 |
| &nbsp;&nbsp;&nbsp; Weatherford International Ltd., 8.63%, <br> 04/30/30<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,433 | 3500956 |
|  |  | 43454351 |
| **Packaging & Containers — 0.8%** | **Packaging & Containers — 0.8%** | **Packaging & Containers — 0.8%** |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance <br> USA LLC/Ardagh Metal Packaging <br> Finance PLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,199 | 1326392 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,745 | 4030089 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,184 | 6697716 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,395 | 3403752 |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh <br> Holdings USA Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,853 | 5425896 |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,714 | 8622051 |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 08/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,211 | 1107212 |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/15/31 | &nbsp;&nbsp;&nbsp; USD810 | 738127 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/32 | &nbsp;&nbsp;&nbsp; EUR5,020 | 5965918 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/15/33 | &nbsp;&nbsp;&nbsp; USD1,491 | 1509117 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/29 | &nbsp;&nbsp;&nbsp; USD1,796 | 1839919 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; USD1,042 | 1060151 |
| Clydesdale Acquisition Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,701 | 3715785 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD34 | 34116 |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD9,842 | 9862127 |
| Crown Americas LLC, 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD676 | 685110 |
| &nbsp;&nbsp;&nbsp; Fiber Midco SpA, 10.75%, 06/15/29, (6.25% <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR900 | 917698 |
| &nbsp;&nbsp;&nbsp; Graphic Packaging International LLC, 6.38%, <br> 07/15/32<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,965 | 1990793 |
| Kleopatra Finco SARL, 4.25%, 03/01/26<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; EUR3,533 | 1608564 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., <br> 9.25%, 04/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD29,101 | 28734627 |
| OI European Group BV |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,000 | 3561974 |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,200 | 1426656 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container Inc., <br> 7.25%, 05/15/31<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,990 | 1950215 |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD965 | 950966 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD780 | 774482 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,092 | 1130002 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp./Sealed Air Corp. U.S., <br> 7.25%, 02/15/31<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD564 | 592044 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV, 12.25%, <br> 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,890 | $12404925 |
|  |  | 112066424 |
| **Pharmaceuticals — 1.4%** | **Pharmaceuticals — 1.4%** | **Pharmaceuticals — 1.4%** |
| &nbsp;&nbsp;&nbsp; AI Sirona Luxembourg Acquisition SARL, <br> 1.00%, 10/07/32<sup>(j)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,678 | 3079736 |
| Bayer AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/25/82, (5-year EUR Swap + <br> 4.46%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR13,000 | 15465299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/25/83, (5-year EUR Swap + <br> 3.43%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR8,900 | 10983005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/25/83, (5-year EUR Swap + <br> 3.90%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR9,500 | 12101664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series N5.5, 4.50%, 03/25/82, (5-year EUR <br> Swap + 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,300 | 3846159 |
| Becton Dickinson & Co., 3.83%, 06/07/32 | &nbsp;&nbsp;&nbsp; EUR5,619 | 6677994 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/10/54, (5-year CMT + 2.52%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,740 | 1808257 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/55, (5-year CMT + 2.89%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,937 | 5187212 |
| Dolcetto Holdco SpA |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/14/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR13,859 | 16337955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 07/14/32, (3-mo. EURIBOR + <br> 3.62%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR595 | 690756 |
| Eli Lilly & Co., 1.70%, 11/01/49 | &nbsp;&nbsp;&nbsp; EUR12,050 | 9266745 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings Inc., 8.50%, <br> 04/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,489 | 6877840 |
| Grifols SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,000 | 9688149 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,950 | 9632551 |
| Gruenenthal GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,154 | 1354150 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,594 | 5562049 |
| Hikma Finance USA LLC, 5.13%, 07/08/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD737 | 748516 |
| Jazz Securities DAC, 4.38%, 01/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,520 | 6388271 |
| Nidda Healthcare Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 10/15/32, (3-mo. EURIBOR + <br> 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR14,468 | 16782851 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/23/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,500 | 2940093 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/21/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,027 | 7228651 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt <br> Co-Issuer BV<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 153307 |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/30/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,173 | 3492677 |
| Rossini SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/31/29, (3-mo. EURIBOR + <br> 3.87%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR825 | 964499 |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,868 | 2271510 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands <br> II BV<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/01/31 | &nbsp;&nbsp;&nbsp; EUR5,473 | 6434623 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/09/30 | &nbsp;&nbsp;&nbsp; EUR6,027 | 7144144 |
| &nbsp;&nbsp;&nbsp; 7.88%, 09/15/31 | &nbsp;&nbsp;&nbsp; EUR3,964 | 5482926 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands <br> III BV<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/26 | &nbsp;&nbsp;&nbsp; USD3,993 | 3925618 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/09/27<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD982 | 982029 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/09/29 | &nbsp;&nbsp;&nbsp; USD844 | 848013 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/28 | &nbsp;&nbsp;&nbsp; USD1,108 | 1147711 |
| &nbsp;&nbsp;&nbsp; 7.88%, 09/15/29 | &nbsp;&nbsp;&nbsp; USD3,877 | 4234459 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV <br> BV, 5.75%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; USD717 | 736789 |
|  |  | 190466208 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines — 0.9%** | **Pipelines — 0.9%** | **Pipelines — 0.9%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero <br> Midstream Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,996 | $1994757 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD75 | 74971 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD144 | 143793 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD343 | 355102 |
| &nbsp;&nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD113 | 117227 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 262522 |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/27 | &nbsp;&nbsp;&nbsp; USD419 | 414316 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,525 | 1509678 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,236 | 1289990 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,025 | 2097163 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC, <br> 5.50%, 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,428 | 2402203 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,893 | 1902302 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,145 | 5369981 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/56, (5-year CMT + 2.68%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,625 | 3592167 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/56, (5-year CMT + 2.48%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD600 | 601859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 10/01/54, (5-year CMT + <br> 2.83%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,224 | 1264992 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/54, (5-year CMT + 4.02%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD336 | 358686 |
| &nbsp;&nbsp;&nbsp; Genesis Energy LP/Genesis Energy <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/32 | &nbsp;&nbsp;&nbsp; USD1,574 | 1621201 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/33 | &nbsp;&nbsp;&nbsp; USD2,376 | 2453957 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 63236 |
| Global Partners LP/GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD309 | 313376 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,325 | 3476078 |
| Greensaif Pipelines Bidco SARL |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 02/23/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD509 | 535150 |
| &nbsp;&nbsp;&nbsp; 6.10%, 08/23/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD808 | 853955 |
| Harvest Midstream I LP |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,742 | 4793949 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,631 | 1690253 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 249437 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,125 | 1132399 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,510 | 3637073 |
| &nbsp;&nbsp;&nbsp; Howard Midstream Energy Partners LLC, <br> 7.38%, 07/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,108 | 2208895 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,371 | 5202203 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,751 | 1764087 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,731 | 4859082 |
| NuStar Logistics LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/28/27 | &nbsp;&nbsp;&nbsp; USD334 | 336845 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/01/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,529 | 1592392 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, 4.95%, <br> 07/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,438 | 2417045 |
| &nbsp;&nbsp;&nbsp; South Bow Canadian Infrastructure <br> Holdings Ltd.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 03/01/55, (5-year CMT + <br> 3.67%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,932 | 3136539 |
| &nbsp;&nbsp;&nbsp; 7.63%, 03/01/55, (5-year CMT + 3.95%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD60 | 62463 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,855 | 2837790 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/31/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,562 | 4527162 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD935 | 919239 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD443 | $439593 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,188 | 2232093 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,183 | 3015232 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,832 | 2618278 |
| Venture Global LNG Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,474 | 2503638 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,832 | 1887189 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD7,935 | 8146357 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,944 | 2092255 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD11,933 | 12746258 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD912 | 955277 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,656 | 3872110 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,621 | 6181408 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,562 | 1762581 |
|  |  | 122887784 |
| **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** |
| &nbsp;&nbsp;&nbsp; Adler Financing SARL, Series 1L, 8.25%, <br> 12/31/28, (4.13% PIK)<sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR22,911 | 28537303 |
| &nbsp;&nbsp;&nbsp; Alexandrite Lake Lux Holdings Sarl, 6.75%, <br> 07/30/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,000 | 7091495 |
| Alpha Star Holding IX Ltd., 7.00%, 08/26/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD832 | 848640 |
| Alstria Office AG, 5.50%, 03/20/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR14,000 | 16597008 |
| Aroundtown Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, (5-year EURIBOR ICE Swap + <br> 2.34%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,000 | 5623123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, , (5-year EURIBOR ICE Swap + <br> 3.43%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR12,975 | 14686319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, (5-year EURIBOR ICE Swap + <br> 3.43%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,700 | 3049912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.13%, (5-year EURIBOR ICE Swap + <br> 4.51%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR13,942 | 17164562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.63%, (5-year UK Government Bond + <br> 4.49%)<sup>(b)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,000 | 2733287 |
| &nbsp;&nbsp;&nbsp; Aroundtown SA, 1.63%, (5-year EUR Swap + <br> 2.42%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1115174 |
| &nbsp;&nbsp;&nbsp; Central Plaza Development Ltd., 6.80%, <br> 04/07/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD870 | 885190 |
| &nbsp;&nbsp;&nbsp; Citycon OYJ, 3.63%, (5-year EURIBOR ICE <br> Swap + 4.17%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,515 | 1591969 |
| Citycon Treasury BV |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 09/08/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR174 | 196835 |
| &nbsp;&nbsp;&nbsp; 1.63%, 03/12/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,140 | 2329187 |
| &nbsp;&nbsp;&nbsp; 2.38%, 01/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR297 | 337250 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/11/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,350 | 2689045 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/08/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,075 | 4696774 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, <br> 8.88%, 09/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,340 | 2506656 |
| Elect Global Investments Ltd., 4.85%<sup>(c)(i)</sup> | &nbsp;&nbsp;&nbsp; USD1,067 | 805585 |
| &nbsp;&nbsp;&nbsp; Grand City Properties SA, 1.50%, (5-year <br> EUR Swap + 2.18%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR15,000 | 16938469 |
| Heimstaden Bostad AB |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 01/21/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR400 | 459476 |
| &nbsp;&nbsp;&nbsp; 2.63%, (5-year EUR Swap + 3.14%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR550 | 615303 |
| &nbsp;&nbsp;&nbsp; 3.38%, (5-year EUR Swap + 3.91%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR2,000 | 2295603 |
| &nbsp;&nbsp;&nbsp; 3.63%, (5-year EUR Swap + 3.94%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR3,500 | 3987044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, (5-year EURIBOR ICE Swap + <br> 4.18%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,500 | 6583998 |
| &nbsp;&nbsp;&nbsp; Heimstaden Bostad Treasury BV, 1.38%, <br> 03/03/27<br>| &nbsp;&nbsp;&nbsp; EUR961 | 1088410 |
| Howard Hughes Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,237 | 1188915 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,567 | 2420183 |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,336 | 3330506 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate (continued)** | **Real Estate (continued)** | **Real Estate (continued)** |
| Lendlease Asia Treasury Pte Ltd., 3.90%, <br> <sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; SGD3,500 | $2690343 |
| &nbsp;&nbsp;&nbsp; MAF Global Securities Ltd., 6.38%, (5-year <br> CMT + 3.54%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD400 | 399926 |
| New Immo Holding SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/23/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,100 | 2401082 |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/08/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,000 | 11688354 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/17/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,700 | 8006577 |
| &nbsp;&nbsp;&nbsp; Sobha Sukuk I Holding Ltd., 7.13%, <br> 09/11/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD562 | 563006 |
| &nbsp;&nbsp;&nbsp; Unique Pub Finance Co. PLC (The), Series N, <br> 6.46%, 03/30/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP4,017 | 5551541 |
| Vivion Investments SARL |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/28/29, (6.50 % PIK)<sup>(c)(h)</sup> | &nbsp;&nbsp;&nbsp; EUR5,352 | 6149575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 08/31/28, (6.50 % Cash and 1.40 % <br> PIK)<sup>(c)(h)</sup><br>| &nbsp;&nbsp;&nbsp; EUR7,308 | 8418788 |
|  |  | 198262413 |
| **Real Estate Investment Trusts — 1.2%** | **Real Estate Investment Trusts — 1.2%** | **Real Estate Investment Trusts — 1.2%** |
| American Tower Corp., 4.63%, 05/16/31 | &nbsp;&nbsp;&nbsp; EUR11,400 | 14126325 |
| &nbsp;&nbsp;&nbsp; Equinix Asia Financing Corp. Pte Ltd., 2.90%, <br> 09/15/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; SGD3,500 | 2670847 |
| Equinix Inc., 3.40%, 02/15/52 | &nbsp;&nbsp;&nbsp; USD5,764 | 4034034 |
| Global Net Lease Inc., 4.50%, 09/30/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD550 | 539406 |
| &nbsp;&nbsp;&nbsp; Global Net Lease Inc./Global Net Lease <br> Operating Partnership LP, 3.75%, <br> 12/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD4,164 | 4037080 |
| Iron Mountain Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD558 | 535204 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,503 | 12151682 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD959 | 946436 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,662 | 6630949 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,097 | 1096610 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,621 | 5789917 |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management <br> Services Inc., 5.00%, 07/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,059 | 2956896 |
| Keppel REIT, 3.78%<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; SGD2,750 | 2147328 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp., 4.25%, 02/01/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1484899 |
| Millrose Properties Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD739 | 742532 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,331 | 2361398 |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.99%, 10/15/26 | &nbsp;&nbsp;&nbsp; EUR1,745 | 1904126 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR12,169 | 14583787 |
| &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)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,874 | 1820134 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,220 | 2218017 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD923 | 945217 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD425 | 418103 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 | &nbsp;&nbsp;&nbsp; USD1,051 | 1048652 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,591 | 3694144 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,046 | 2111711 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD309 | 318623 |
| RLJ Lodging Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/01/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,863 | 3833484 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,956 | 1847098 |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 02/01/29 | &nbsp;&nbsp;&nbsp; USD1,057 | 999174 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/27 | &nbsp;&nbsp;&nbsp; USD8,815 | 8716385 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Scentre Group Trust 1 |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/18/35<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; AUD15,480 | $9971773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 03/31/55, (Update <br> Replacements.xls: BBSW3M + <br> 2.000%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD2,400 | 1590718 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/15/28<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,735 | 2544899 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,957 | 5855190 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/15/27 | &nbsp;&nbsp;&nbsp; USD963 | 960538 |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/01/29<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,278 | 4560845 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/29 | &nbsp;&nbsp;&nbsp; USD2,018 | 2004607 |
| &nbsp;&nbsp;&nbsp; 8.88%, 06/15/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD6,276 | 6193673 |
| Starwood Property Trust Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 07/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD6,190 | 6140893 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD44 | 43608 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,917 | 2979152 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD494 | 513971 |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD213 | 224335 |
| Trust Fibra Uno, 4.87%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD638 | 623246 |
| &nbsp;&nbsp;&nbsp; Unibail-Rodamco-Westfield SE, 4.75%, , <br> (5-year EURIBOR ICE Swap + <br> 2.43%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,800 | 12765560 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019 <br> Inc./CSL Capital LLC, 4.75%, 04/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD7,405 | 7237548 |
|  |  | 170920754 |
| **Retail — 1.4%** | **Retail — 1.4%** | **Retail — 1.4%** |
| Advance Auto Parts Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/30 | &nbsp;&nbsp;&nbsp; USD3,400 | 3117543 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD310 | 312785 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/01/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,976 | 3013200 |
| Afflelou SAS, 6.00%, 07/25/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,379 | 2863150 |
| Asbury Automotive Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,677 | 1628880 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 | &nbsp;&nbsp;&nbsp; USD161 | 157365 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,642 | 2544095 |
| Bath & Body Works Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/28 | &nbsp;&nbsp;&nbsp; USD626 | 630099 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/01/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD3,529 | 3627237 |
| Bertrand Franchise Finance SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/18/30, (3-mo. EURIBOR + <br> 3.75%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,000 | 5584025 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/18/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,188 | 2449875 |
| Boots Group Finco LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,638 | 3148319 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/31/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP3,553 | 4796235 |
| Bubbles Holdco SPA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/30/31, (3-mo. EURIBOR + <br> 4.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,998 | 4625927 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/30/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,404 | 6407737 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands <br> International Inc.)/New Red Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,807 | 1741150 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD719 | 706021 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,470 | 2335109 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,061 | 2034600 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,985 | 2020275 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,491 | 2559737 |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP18,249 | 25056045 |
| Dufry One BV, 4.50%, 05/23/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,310 | 8660386 |
| &nbsp;&nbsp;&nbsp; Duomo Bidco SpA, 6.15%, 07/15/31, (3-mo. <br> EURIBOR + 4.12%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR2,317 | 2681122 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta <br> Entertainment Finance Co. Inc., 6.75%, <br> 01/15/30<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD13,451 | 12468306 |
| FirstCash Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD969 | 970456 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,706 | $3845448 |
| Fressnapf Holding SE, 5.25%, 10/31/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,040 | 3551839 |
| Gap Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,158 | 1089489 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,017 | 1836950 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,883 | 3737388 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,200 | 1138685 |
| &nbsp;&nbsp;&nbsp; 11.50%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,693 | 5837304 |
| Goldstory SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 02/01/30, (3-mo. EURIBOR + <br> 4.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,616 | 5376149 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR8,452 | 10084650 |
| Group 1 Automotive Inc., 6.38%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,888 | 1925777 |
| &nbsp;&nbsp;&nbsp; KFC Holding Co./Pizza Hut <br> Holdings LLC/Taco Bell of America LLC, <br> 4.75%, 06/01/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,147 | 1144644 |
| Kohl's Corp., 5.13%, 05/01/31 | &nbsp;&nbsp;&nbsp; USD7,904 | 6124847 |
| LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD93 | 90534 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,227 | 4447387 |
| Lithia Motors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,138 | 3944842 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,265 | 2268941 |
| Murphy Oil USA Inc., 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD637 | 592796 |
| Nordstrom Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/31<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,569 | 1428636 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/30<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD971 | 918288 |
| &nbsp;&nbsp;&nbsp; Park River Holdings Inc., 8.00%, <br> 03/15/31<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,228 | 2293601 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp., <br> 10.00%, 09/15/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD11,016 | 11062609 |
| &nbsp;&nbsp;&nbsp; QXO Building Products Inc., 6.75%, <br> 04/30/32<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,294 | 3410123 |
| Region Retail Trust, 4.93%, 11/05/31 | &nbsp;&nbsp;&nbsp; AUD2,890 | 1878163 |
| Sonic Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,185 | 1152325 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/15/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD959 | 912450 |
| Stonegate Pub Co. Financing PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.66%, 07/31/29, (3-mo. EURIBOR + <br> 6.62%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,000 | 4544045 |
| &nbsp;&nbsp;&nbsp; 10.75%, 07/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP2,374 | 3093247 |
| Yum! Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/31 | &nbsp;&nbsp;&nbsp; USD1,680 | 1577285 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,492 | 2485767 |
|  |  | 197933888 |
| **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, (5-year UK Government Bond + <br> 5.63%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP1,985 | 2604434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, (5-year UK Government Bond + <br> 3.85%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5,225 | 7118601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 7.88%, (5-year UK Government <br> Bond + 3.59%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP850 | 1171163 |
|  |  | 10894198 |
| **Semiconductors — 0.1%** | **Semiconductors — 0.1%** | **Semiconductors — 0.1%** |
| ams-OSRAM AG, 10.50%, 03/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,975 | 3658928 |
| Broadcom Inc., 3.75%, 02/15/51<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,188 | 4046728 |
| Kioxia Holdings Corp., 6.25%, 07/24/30 | &nbsp;&nbsp;&nbsp; USD3,595 | 3711773 |
| SK Hynix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/17/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 637413 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/17/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD261 | 272695 |
|  |  | 12327537 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software — 0.8%** | **Software — 0.8%** | **Software — 0.8%** |
| &nbsp;&nbsp;&nbsp; Central Parent Inc./CDK Global Inc., 7.25%, <br> 06/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD8,357 | $6864620 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK <br> Financing Co. Inc., 8.00%, 06/15/29<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD6,069 | 5080275 |
| Cloud Software Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,552 | 5593907 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD8,297 | 8718604 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD14,006 | 14486966 |
| &nbsp;&nbsp;&nbsp; Continuum Energy Pte. Ltd., 12.85%, <br> 09/11/27<sup>(e)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,783 | 1783385 |
| CoreWeave Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,964 | 4978520 |
| &nbsp;&nbsp;&nbsp; 9.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD7,096 | 7165016 |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD210 | 205810 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,703 | 2706598 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD301 | 306387 |
| IPD 3 BV, 5.50%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,646 | 12505093 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD895 | 869912 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,859 | 2705665 |
| Open Text Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/30<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,214 | 1158820 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/31<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,290 | 1200985 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/01/60<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD13,544 | 8952539 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/27/54 | &nbsp;&nbsp;&nbsp; USD3,600 | 3164720 |
| Rocket Software Inc., 9.00%, 11/28/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,578 | 1626095 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies Inc., 6.50%, <br> 06/01/32<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,084 | 1123817 |
| TeamSystem SpA |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,290 | 7339383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/01/32, (3-mo. EURIBOR + <br> 3.25%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR5,068 | 5856239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 07/31/31, (3-mo. EURIBOR + <br> 3.50%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,083 | 4721930 |
| Twilio Inc., 3.63%, 03/15/29 | &nbsp;&nbsp;&nbsp; USD1,619 | 1555100 |
| UKG Inc., 6.88%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,884 | 5027384 |
|  |  | 115697770 |
| **Telecommunications — 2.6%** | **Telecommunications — 2.6%** | **Telecommunications — 2.6%** |
| Altice Financing SA, 3.00%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,000 | 4305542 |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR770 | 849930 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR693 | 767494 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,540 | 1715255 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR758 | 843369 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/55, (5-year CMT + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD4,413 | 4605407 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/55, (5-year CMT + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,172 | 1231821 |
| British Telecommunications PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/23/81, (5-year CMT + <br> 2.99%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD291 | 286715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/03/54, (5-year EURIBOR ICE <br> Swap + 2.54%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,269 | 1532632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 12/20/83, (5-year UK Government <br> Bond + 3.82%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5,100 | 7212375 |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco <br> LLC, 9.00%, 09/15/29<sup>(a)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD5,552 | 5879091 |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd., 8.63%, <br> 08/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD504 | 502740 |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/30/30, (6.75% PIK)<sup>(g)(h)</sup> | &nbsp;&nbsp;&nbsp; USD3,380 | 3487845 |
| &nbsp;&nbsp;&nbsp; Series ., 10.75%, 11/30/29 | &nbsp;&nbsp;&nbsp; USD11,628 | 12800968 |
| Eutelsat SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 10/13/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,400 | 5851972 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/13/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,737 | 3378645 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,237 | $3807356 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,615 | 1898859 |
| &nbsp;&nbsp;&nbsp; Series 2034, 6.00%, 09/30/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,572 | 3364137 |
| &nbsp;&nbsp;&nbsp; Series 2036, 7.20%, 07/18/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,524 | 2550477 |
| &nbsp;&nbsp;&nbsp; Series 2038, 7.72%, 06/04/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,263 | 1278656 |
| Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD4,437 | 4431118 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,761 | 3758106 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 | &nbsp;&nbsp;&nbsp; USD2,887 | 2920065 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,926 | 2967084 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,148 | 1159564 |
| Global Switch Finance BV, 1.38%, 10/07/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR4,613 | 5022677 |
| Iliad Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,637 | 3129104 |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 116957 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR19,470 | 24038037 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,850 | 2892468 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,028 | 3098770 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD2,920 | 3133937 |
| &nbsp;&nbsp;&nbsp; Kaixo Bondco Telecom SA, 5.13%, <br> 09/30/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR11,740 | 13657460 |
| Level 3 Financing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/30/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD11,043 | 11311108 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/31/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD812 | 834251 |
| &nbsp;&nbsp;&nbsp; Liberty Costa Rica Senior Secured Finance, <br> 10.88%, 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD439 | 464218 |
| Odido Group Holding BV, 5.50%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR9,275 | 10754088 |
| Optics Bidco SpA, 5.25%, 03/17/55 | &nbsp;&nbsp;&nbsp; EUR3,200 | 3285483 |
| Rogers Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/82, (5-year CMT + <br> 3.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,861 | 2842002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/15/55, (5-year CMT + <br> 2.65%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,982 | 3117855 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/15/55, (5-year CMT + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD1,490 | 1594770 |
| SoftBank Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 07/06/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,322 | 2615528 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/06/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,588 | 2859841 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR100 | 118172 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/10/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR13,062 | 15597655 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/08/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,975 | 7151435 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/08/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR7,181 | 8646576 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/10/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD472 | 481440 |
| &nbsp;&nbsp;&nbsp; Series ., 5.88%, 07/10/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR10,117 | 12317543 |
| &nbsp;&nbsp;&nbsp; Series ., 6.38%, 07/10/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR11,664 | 14326554 |
| Sunrise HoldCo IV BV, 5.50%, 01/15/28<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD582 | 579419 |
| Telecom Argentina SA, 9.25%, 05/28/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD131 | 132424 |
| Telecom Italia Capital SA, 7.72%, 06/04/38 | &nbsp;&nbsp;&nbsp; USD5,793 | 6477048 |
| Telefonica Europe BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, (7-year EUR Swap + 2.66%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR2,500 | 2846556 |
| &nbsp;&nbsp;&nbsp; 6.14%, (7-year EUR Swap + 3.35%)<sup>(b)(c)(i)</sup> | &nbsp;&nbsp;&nbsp; EUR1,500 | 1866699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 5.75%, (8-year EURIBOR ICE <br> Swap + 3.12%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR6,500 | 7991179 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/55, (5-year CMT + 2.77%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD2,288 | 2360408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/15/55, (5-year CMT + <br> 2.71%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,184 | 2329662 |
| T-Mobile USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 10/15/52<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD5,880 | 4007425 |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/11/45 | &nbsp;&nbsp;&nbsp; EUR6,966 | 7518674 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/55 | &nbsp;&nbsp;&nbsp; USD3,550 | 3291657 |
| Turk Telekomunikasyon A/S |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/07/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD372 | 375675 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/20/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 414876 |
| &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri AS, 7.65%, <br> 01/24/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD480 | 503189 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Veon Midco BV, 3.38%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD494 | $463171 |
| &nbsp;&nbsp;&nbsp; VF Ukraine PAT via VFU Funding PLC, <br> 9.63%, 02/11/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD505 | 484705 |
| Viasat Inc., 5.63%, 04/15/27<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD4,596 | 4592320 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP6,856 | 8549065 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,999 | 5477074 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP2,854 | 3393084 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD5,518 | 5106886 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR17,017 | 19972496 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,263 | 1266103 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/27/80, (5-year EUR Swap + <br> 3.47%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR790 | 881712 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/04/81, (5-year CMT + 2.77%)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; USD3,520 | 3304527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/04/79, (5-year USD Swap + <br> 4.87%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,656 | 3857734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/30/86, (5-year UK Government <br> Bond + 3.84%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP2,388 | 3433357 |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,085 | 3204929 |
| Zegona Finance PLC, 6.75%, 07/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR13,917 | 16939848 |
|  |  | 358417054 |
| **Transportation — 0.6%** | **Transportation — 0.6%** | **Transportation — 0.6%** |
| Avianca Midco 2 PLC, 9.00%, 12/01/28 | &nbsp;&nbsp;&nbsp; USD492 | 492082 |
| Danaos Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/15/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD2,700 | 2655096 |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,899 | 3927595 |
| Edge Finco PLC, 8.13%, 08/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP20,631 | 28705465 |
| Mobico Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 11/20/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP1,854 | 2147967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, (5-year UK Government Bond <br> +4.14%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; GBP5,600 | 3852764 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/26/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR5,120 | 4521375 |
| &nbsp;&nbsp;&nbsp; MTR Corp. CI Ltd., 5.63%, (5-year CMT + <br> 1.46%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; USD3,000 | 3175650 |
| &nbsp;&nbsp;&nbsp; Pacific National Finance Pty. Ltd., 7.75%, <br> 12/11/54<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD6,030 | 4053889 |
| &nbsp;&nbsp;&nbsp; Patrick Terminals Finance Pty Ltd., 5.55%, <br> 10/22/35<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; AUD6,830 | 4443128 |
| &nbsp;&nbsp;&nbsp; Poste Italiane SpA, 2.63%, (5-year EURIBOR <br> ICE Swap + 2.67%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR4,555 | 5059524 |
| Qube Treasury Pty Ltd., 5.90%, 12/11/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; AUD800 | 534835 |
| SGL Group ApS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.28%, 02/24/31, (3-mo. EURIBOR + <br> 4.25%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3341366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.77%, 04/22/30, (3-mo. EURIBOR + <br> 4.75%)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; EUR10,023 | 11373139 |
| Transnet, 8.25%, 02/06/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD701 | 740214 |
| XPO Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD423 | 441661 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD280 | 294448 |
|  |  | 79760198 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,954 | 1955444 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD1,421 | 1433316 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD203 | 212734 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,165 | 1220184 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD3,277 | 3482595 |
|  |  | 8304273 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| &nbsp;&nbsp;&nbsp; Northumbrian Water Finance PLC, 5.38%, <br> 07/22/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; GBP150 | 198884 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Water (continued)** | **Water (continued)** | **Water (continued)** |
| Veolia Environnement SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 09/21/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR6,700 | $6970235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.32%, , (5-year EURIBOR ICE Swap + <br> 1.84%)<sup>(b)(c)(i)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,300 | 3827823 |
|  |  | 10996942 |
| **Total Corporate Bonds & Notes — 44.6%** <br>**(Cost: $6,061,519,076)** | **Total Corporate Bonds & Notes — 44.6%** <br>**(Cost: $6,061,519,076)** | 6164079499 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Angola — 0.0%** | **Angola — 0.0%** | **Angola — 0.0%** |
| Angolan Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/09/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD2,807 | 2764755 |
| &nbsp;&nbsp;&nbsp; 9.24%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD659 | 642525 |
| &nbsp;&nbsp;&nbsp; 9.50%, 11/12/25<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 635000 |
|  |  | 4042280 |
| **Argentina — 0.0%** | **Argentina — 0.0%** | **Argentina — 0.0%** |
| &nbsp;&nbsp;&nbsp; Argentina Republic Government International <br> Bonds, 1.75%, 07/09/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; USD556 | 455086 |
| **Armenia — 0.0%** | **Armenia — 0.0%** | **Armenia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Republic of Armenia International Bonds, <br> 6.75%, 03/12/35<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD434 | 451577 |
| **Bahrain — 0.0%** | **Bahrain — 0.0%** | **Bahrain — 0.0%** |
| Bahrain Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/16/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD460 | 449880 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/26/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,433 | 1437027 |
|  |  | 1886907 |
| **Barbados — 0.0%** | **Barbados — 0.0%** | **Barbados — 0.0%** |
| &nbsp;&nbsp;&nbsp; Barbados Government International Bonds, <br> 8.00%, 06/26/35<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD904 | 944680 |
| **Benin — 0.0%** | **Benin — 0.0%** | **Benin — 0.0%** |
| &nbsp;&nbsp;&nbsp; Benin Government International Bonds, <br> 7.96%, 02/13/38<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD971 | 1009840 |
| **Bolivia — 0.0%** | **Bolivia — 0.0%** | **Bolivia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Bolivia Government International Bonds, <br> 4.50%, 03/20/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,108 | 905790 |
| **Brazil — 0.9%** | **Brazil — 0.9%** | **Brazil — 0.9%** |
| Brazil Letras do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/26<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; BRL74,506 | 13536607 |
| &nbsp;&nbsp;&nbsp; 0.00%, 04/01/26<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; BRL285,556 | 50196114 |
| Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp; Series F, 10.00%, 01/01/27 | &nbsp;&nbsp;&nbsp; BRL349,117 | 62464887 |
| &nbsp;&nbsp;&nbsp; Series F, 10.00%, 01/01/29 | &nbsp;&nbsp;&nbsp; BRL1,307 | 224625 |
|  |  | 126422233 |
| **Bulgaria — 0.0%** | **Bulgaria — 0.0%** | **Bulgaria — 0.0%** |
| &nbsp;&nbsp;&nbsp; Bulgaria Government International Bonds, <br> 5.00%, 03/05/37<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD546 | 546071 |
| **Cameroon, United Republic of — 0.0%** | **Cameroon, United Republic of — 0.0%** | **Cameroon, United Republic of — 0.0%** |
| &nbsp;&nbsp;&nbsp; Republic of Cameroon International Bonds, <br> 9.50%, 07/31/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD474 | 449708 |
| **Chile — 0.0%** | **Chile — 0.0%** | **Chile — 0.0%** |
| Chile Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/31/27 | &nbsp;&nbsp;&nbsp; USD952 | 935816 |
| &nbsp;&nbsp;&nbsp; 3.13%, 01/21/26 | &nbsp;&nbsp;&nbsp; USD400 | 398500 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/14/32 | &nbsp;&nbsp;&nbsp; EUR419 | 494373 |
| &nbsp;&nbsp;&nbsp; 4.34%, 03/07/42 | &nbsp;&nbsp;&nbsp; USD821 | 736847 |
|  |  | 2565536 |
| **Colombia — 0.4%** | **Colombia — 0.4%** | **Colombia — 0.4%** |
| Colombia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/02/34 | &nbsp;&nbsp;&nbsp; USD656 | 697164 |
| &nbsp;&nbsp;&nbsp; 7.75%, 11/07/36 | &nbsp;&nbsp;&nbsp; USD535 | 570310 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Colombia (continued)** | **Colombia (continued)** | **Colombia (continued)** |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/20/33 | &nbsp;&nbsp;&nbsp; USD1,148 | $1261939 |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/14/35 | &nbsp;&nbsp;&nbsp; USD348 | 379755 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/14/53 | &nbsp;&nbsp;&nbsp; USD200 | 230000 |
| Colombian TES |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.75%, 11/03/27 | &nbsp;&nbsp;&nbsp; COP97,748,700 | 23559644 |
| &nbsp;&nbsp;&nbsp; Series B, 7.75%, 09/18/30 | &nbsp;&nbsp;&nbsp; COP98,802,400 | 22347786 |
|  |  | 49046598 |
| **Costa Rica — 0.0%** | **Costa Rica — 0.0%** | **Costa Rica — 0.0%** |
| Costa Rica Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.55%, 04/03/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD284 | 305584 |
| &nbsp;&nbsp;&nbsp; 7.30%, 11/13/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD437 | 488483 |
|  |  | 794067 |
| **Czech Republic — 0.1%** | **Czech Republic — 0.1%** | **Czech Republic — 0.1%** |
| &nbsp;&nbsp;&nbsp; Czech Republic Government Bonds, 4.50%, <br> 11/11/32<br>| &nbsp;&nbsp;&nbsp; CZK292,970 | 14058202 |
| **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** |
| Dominican Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD1,038 | 1015164 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD593 | 579954 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/25/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,161 | 1176093 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/29/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,220 | 1222440 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD447 | 478003 |
| &nbsp;&nbsp;&nbsp; 7.05%, 02/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD797 | 857469 |
| &nbsp;&nbsp;&nbsp; 10.75%, 06/01/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; DOP296,850 | 4966751 |
| &nbsp;&nbsp;&nbsp; 10.75%, 06/01/36<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; DOP68,350 | 1143599 |
|  |  | 11439473 |
| **Ecuador — 0.0%** | **Ecuador — 0.0%** | **Ecuador — 0.0%** |
| Ecuador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD487 | 442854 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD2,375 | 2160772 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/35<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD822 | 629207 |
|  |  | 3232833 |
| **Egypt — 0.1%** | **Egypt — 0.1%** | **Egypt — 0.1%** |
| Egypt Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/16/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR3,938 | 4413447 |
| &nbsp;&nbsp;&nbsp; 6.59%, 02/21/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD441 | 448497 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/31/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD952 | 972830 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/16/61<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD547 | 446658 |
| &nbsp;&nbsp;&nbsp; 7.63%, 05/29/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD977 | 992632 |
| &nbsp;&nbsp;&nbsp; 7.90%, 02/21/48<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD4,348 | 3774825 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/31/47<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 585591 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/31/47<sup>(a)(g)</sup> | &nbsp;&nbsp;&nbsp; USD496 | 457406 |
| &nbsp;&nbsp;&nbsp; 8.63%, 02/04/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD635 | 680244 |
| &nbsp;&nbsp;&nbsp; 9.45%, 02/04/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD497 | 542207 |
|  |  | 13314337 |
| **El Salvador — 0.0%** | **El Salvador — 0.0%** | **El Salvador — 0.0%** |
| &nbsp;&nbsp;&nbsp; El Salvador Government International Bonds, <br> 8.63%, 02/28/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,206 | 1284993 |
| **Ethiopia — 0.0%** | **Ethiopia — 0.0%** | **Ethiopia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Ethiopia International Bonds, 6.63%, <br> 12/11/24<sup>(c)(k)(l)</sup><br>| &nbsp;&nbsp;&nbsp; USD997 | 1046850 |
| **France — 0.4%** | **France — 0.4%** | **France — 0.4%** |
| &nbsp;&nbsp;&nbsp; French Republic Government Bonds, 3.20%, <br> 05/25/35<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR41,592 | 47338341 |
| **Gabon — 0.0%** | **Gabon — 0.0%** | **Gabon — 0.0%** |
| &nbsp;&nbsp;&nbsp; Gabon Government International Bonds, <br> 9.50%, 02/18/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD2,477 | 2228532 |
| **Ghana — 0.1%** | **Ghana — 0.1%** | **Ghana — 0.1%** |
| Ghana Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 07/03/26<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; USD13 | 13077 |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/03/30<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; USD285 | 245606 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/03/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD4,179 | 4074192 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Ghana (continued)** | **Ghana (continued)** | **Ghana (continued)** |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/03/35<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD470 | $402841 |
|  |  | 4735716 |
| **Guatemala — 0.0%** | **Guatemala — 0.0%** | **Guatemala — 0.0%** |
| Guatemala Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD495 | 522379 |
| &nbsp;&nbsp;&nbsp; 6.60%, 06/13/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD464 | 500192 |
| &nbsp;&nbsp;&nbsp; 7.05%, 10/04/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD813 | 894471 |
|  |  | 1917042 |
| **Hungary — 0.1%** | **Hungary — 0.1%** | **Hungary — 0.1%** |
| &nbsp;&nbsp;&nbsp; Hungary Government Bonds, 7.00%, <br> 10/24/35<br>| &nbsp;&nbsp;&nbsp; HUF2,868,120 | 8629692 |
| Hungary Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/22/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,602 | 3103567 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/16/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD618 | 629339 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/12/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR712 | 897897 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/16/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD400 | 407541 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/26/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 201562 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/23/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD495 | 536394 |
| &nbsp;&nbsp;&nbsp; Magyar Export-Import Bank Zrt, 6.00%, <br> 05/16/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,867 | 2319853 |
| &nbsp;&nbsp;&nbsp; MFB Magyar Fejlesztesi Bank Zrt, 6.50%, <br> 06/29/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,695 | 1780818 |
|  |  | 18506663 |
| **Indonesia — 0.3%** | **Indonesia — 0.3%** | **Indonesia — 0.3%** |
| &nbsp;&nbsp;&nbsp; Indonesia Government International Bonds, <br> 3.88%, 01/15/33<br>| &nbsp;&nbsp;&nbsp; EUR423 | 495952 |
| Indonesia Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/33 | &nbsp;&nbsp;&nbsp; IDR64,735,000 | 4026036 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/15/27 | &nbsp;&nbsp;&nbsp; IDR271,847,000 | 16837917 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/33 | &nbsp;&nbsp;&nbsp; IDR97,975,000 | 6218171 |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/15/38 | &nbsp;&nbsp;&nbsp; IDR124,368,000 | 7969726 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/15/32 | &nbsp;&nbsp;&nbsp; IDR11,949,000 | 804743 |
|  |  | 36352545 |
| **Ireland — 0.8%** | **Ireland — 0.8%** | **Ireland — 0.8%** |
| &nbsp;&nbsp;&nbsp; Ireland Government Bonds, 2.60%, <br> 10/18/34<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR97,018 | 109512655 |
| **Italy — 0.4%** | **Italy — 0.4%** | **Italy — 0.4%** |
| &nbsp;&nbsp;&nbsp; Italy Buoni Poliennali Del Tesoro, 3.65%, <br> 08/01/35<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; EUR50,682 | 59958525 |
| **Ivory Coast — 0.0%** | **Ivory Coast — 0.0%** | **Ivory Coast — 0.0%** |
| Ivory Coast Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/17/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR917 | 1061472 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/03/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,511 | 1534323 |
| &nbsp;&nbsp;&nbsp; 8.08%, 04/01/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD541 | 568185 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/30/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD273 | 289773 |
|  |  | 3453753 |
| **Jordan — 0.0%** | **Jordan — 0.0%** | **Jordan — 0.0%** |
| Jordan Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/13/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD432 | 456300 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/13/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,526 | 1611837 |
| &nbsp;&nbsp;&nbsp; 7.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD461 | 483474 |
|  |  | 2551611 |
| **Kazakhstan — 0.0%** | **Kazakhstan — 0.0%** | **Kazakhstan — 0.0%** |
| Development Bank of Kazakhstan JSC |  |  |
| &nbsp;&nbsp;&nbsp; 13.49%, 05/23/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; KZT337,500 | 568875 |
| &nbsp;&nbsp;&nbsp; 13.49%, 05/23/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; KZT115,500 | 194682 |
| &nbsp;&nbsp;&nbsp; 17.30%, 07/03/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; KZT328,500 | 599666 |
|  |  | 1363223 |
| **Kenya — 0.0%** | **Kenya — 0.0%** | **Kenya — 0.0%** |
| &nbsp;&nbsp;&nbsp; Republic of Kenya Government <br> International Bonds<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 10/09/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,361 | 1330377 |
| &nbsp;&nbsp;&nbsp; 8.80%, 10/09/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD264 | 257400 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Kenya (continued)** | **Kenya (continued)** | **Kenya (continued)** |
| &nbsp;&nbsp;&nbsp; 9.75%, 02/16/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD554 | $594337 |
| &nbsp;&nbsp;&nbsp; 9.75%, 02/16/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD401 | 430197 |
|  |  | 2612311 |
| **Kyrgyzstan — 0.0%** | **Kyrgyzstan — 0.0%** | **Kyrgyzstan — 0.0%** |
| Kyrgyz Republic International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 06/03/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD857 | 861285 |
| &nbsp;&nbsp;&nbsp; 7.75%, 06/03/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD612 | 615060 |
|  |  | 1476345 |
| **Latvia — 0.0%** | **Latvia — 0.0%** | **Latvia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Latvia Government International Bonds, <br> 5.13%, 07/30/34<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; USD907 | 937611 |
| **Lebanon — 0.0%** | **Lebanon — 0.0%** | **Lebanon — 0.0%** |
| Lebanon Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/27/23<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD349 | 79398 |
| &nbsp;&nbsp;&nbsp; 6.10%, 10/04/22<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD489 | 110758 |
| &nbsp;&nbsp;&nbsp; 6.20%, 02/26/25<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD971 | 220902 |
| &nbsp;&nbsp;&nbsp; 6.60%, 11/27/26<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD1,674 | 380835 |
| &nbsp;&nbsp;&nbsp; 6.65%, 04/22/24<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD303 | 68933 |
| &nbsp;&nbsp;&nbsp; 6.85%, 03/23/27<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD441 | 100327 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/23/32<sup>(c)(k)(l)</sup> | &nbsp;&nbsp;&nbsp; USD522 | 118755 |
|  |  | 1079908 |
| **Macedonia — 0.0%** | **Macedonia — 0.0%** | **Macedonia — 0.0%** |
| &nbsp;&nbsp;&nbsp; North Macedonia Government International <br> Bonds, 6.96%, 03/13/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR377 | 452340 |
| **Malaysia — 0.1%** | **Malaysia — 0.1%** | **Malaysia — 0.1%** |
| Malaysia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 3.83%, 07/05/34 | &nbsp;&nbsp;&nbsp; MYR19,092 | 4654838 |
| &nbsp;&nbsp;&nbsp; 4.46%, 03/31/53 | &nbsp;&nbsp;&nbsp; MYR8,855 | 2261873 |
|  |  | 6916711 |
| **Mexico — 1.0%** | **Mexico — 1.0%** | **Mexico — 1.0%** |
| Eagle Funding Luxco Sarl |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/17/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD11,212 | 11381413 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/17/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD250 | 253778 |
| Mexican Bonos |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/03/26 | &nbsp;&nbsp;&nbsp; MXN628,571 | 33806536 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/26/33 | &nbsp;&nbsp;&nbsp; MXN775,350 | 39380052 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/21/36 | &nbsp;&nbsp;&nbsp; MXN189,600 | 9609603 |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/01/29 | &nbsp;&nbsp;&nbsp; MXN402,082 | 22014706 |
| &nbsp;&nbsp;&nbsp; Series M, 7.75%, 11/13/42 | &nbsp;&nbsp;&nbsp; MXN121,059 | 5613980 |
| &nbsp;&nbsp;&nbsp; Series M 20, 8.50%, 05/31/29 | &nbsp;&nbsp;&nbsp; MXN18,483 | 1011949 |
| Mexico Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/19/38 | &nbsp;&nbsp;&nbsp; EUR329 | 386002 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/22/33 | &nbsp;&nbsp;&nbsp; USD680 | 680680 |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/09/28 | &nbsp;&nbsp;&nbsp; USD1,111 | 1137497 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/13/30 | &nbsp;&nbsp;&nbsp; USD857 | 902421 |
| &nbsp;&nbsp;&nbsp; 6.34%, 05/04/53 | &nbsp;&nbsp;&nbsp; USD200 | 198600 |
| &nbsp;&nbsp;&nbsp; 6.40%, 05/07/54 | &nbsp;&nbsp;&nbsp; USD322 | 321678 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/29/38 | &nbsp;&nbsp;&nbsp; USD398 | 420487 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/13/55 | &nbsp;&nbsp;&nbsp; USD8,740 | 9810650 |
|  |  | 136930032 |
| **Mongolia — 0.0%** | **Mongolia — 0.0%** | **Mongolia — 0.0%** |
| &nbsp;&nbsp;&nbsp; City of Ulaanbaatar Mongolia, 7.75%, <br> 08/21/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,500 | 1531875 |
| &nbsp;&nbsp;&nbsp; Mongolia Government International Bonds, <br> 6.63%, 02/25/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD249 | 255225 |
|  |  | 1787100 |
| **Montenegro — 0.0%** | **Montenegro — 0.0%** | **Montenegro — 0.0%** |
| &nbsp;&nbsp;&nbsp; Montenegro Government International Bonds, <br> 2.88%, 12/16/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR406 | 461395 |
| **Morocco — 0.0%** | **Morocco — 0.0%** | **Morocco — 0.0%** |
| Morocco Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 12/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD352 | 337260 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/02/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR835 | 994224 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Morocco (continued)** | **Morocco (continued)** | **Morocco (continued)** |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/08/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD400 | $413404 |
|  |  | 1744888 |
| **Nigeria — 0.1%** | **Nigeria — 0.1%** | **Nigeria — 0.1%** |
| Nigeria Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/28/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,923 | 1890309 |
| &nbsp;&nbsp;&nbsp; 7.14%, 02/23/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD952 | 947716 |
| &nbsp;&nbsp;&nbsp; 7.63%, 11/21/25<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,425 | 1424259 |
| &nbsp;&nbsp;&nbsp; 7.63%, 11/28/47<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD527 | 467713 |
| &nbsp;&nbsp;&nbsp; 8.38%, 03/24/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,306 | 1355380 |
| &nbsp;&nbsp;&nbsp; 10.38%, 12/09/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD514 | 577093 |
|  |  | 6662470 |
| **Oman — 0.0%** | **Oman — 0.0%** | **Oman — 0.0%** |
| &nbsp;&nbsp;&nbsp; Oman Government International Bonds, <br> 6.75%, 01/17/48<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD846 | 947782 |
| **Pakistan — 0.0%** | **Pakistan — 0.0%** | **Pakistan — 0.0%** |
| Pakistan Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/05/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD2,086 | 2081828 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/08/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,121 | 1104185 |
|  |  | 3186013 |
| **Panama — 0.0%** | **Panama — 0.0%** | **Panama — 0.0%** |
| Panama Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/56 | &nbsp;&nbsp;&nbsp; USD563 | 429756 |
| &nbsp;&nbsp;&nbsp; 6.40%, 02/14/35 | &nbsp;&nbsp;&nbsp; USD696 | 733236 |
| &nbsp;&nbsp;&nbsp; 7.13%, 01/29/26 | &nbsp;&nbsp;&nbsp; USD1,006 | 1011030 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/01/31 | &nbsp;&nbsp;&nbsp; USD795 | 882847 |
|  |  | 3056869 |
| **Paraguay — 0.0%** | **Paraguay — 0.0%** | **Paraguay — 0.0%** |
| Paraguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.74%, 01/29/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD419 | 371029 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/13/48<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD490 | 468021 |
|  |  | 839050 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| Corp. Financiera de Desarrollo SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 09/28/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD2,542 | 2454581 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/06/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD440 | 451572 |
| Fondo MIVIVIENDA SA, 4.63%, 04/12/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,246 | 1249750 |
| Peru Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 1.86%, 12/01/32 | &nbsp;&nbsp;&nbsp; USD578 | 479451 |
| &nbsp;&nbsp;&nbsp; 2.78%, 01/23/31 | &nbsp;&nbsp;&nbsp; USD910 | 842205 |
| &nbsp;&nbsp;&nbsp; 6.85%, 08/12/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; PEN61,255 | 19207577 |
|  |  | 24685136 |
| **Philippines — 0.2%** | **Philippines — 0.2%** | **Philippines — 0.2%** |
| Philippines Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/28/29 | &nbsp;&nbsp;&nbsp; PHP510,155 | 8847921 |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/28/35 | &nbsp;&nbsp;&nbsp; PHP908,520 | 15916023 |
| &nbsp;&nbsp;&nbsp; Philippines Government International Bonds, <br> 4.63%, 07/17/28<sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp; USD952 | 965983 |
|  |  | 25729927 |
| **Poland — 0.7%** | **Poland — 0.7%** | **Poland — 0.7%** |
| Republic of Poland Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/25/36 | &nbsp;&nbsp;&nbsp; PLN14,463 | 3538583 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/25/29 | &nbsp;&nbsp;&nbsp; PLN86,889 | 23726838 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/25/34 | &nbsp;&nbsp;&nbsp; PLN44,183 | 11768016 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/25/35 | &nbsp;&nbsp;&nbsp; PLN52,071 | 13742556 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/25/29 | &nbsp;&nbsp;&nbsp; PLN152,848 | 43092541 |
| &nbsp;&nbsp;&nbsp; Republic of Poland Government <br> International Bonds<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/12/30 | &nbsp;&nbsp;&nbsp; USD1,573 | 1620237 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/04/33 | &nbsp;&nbsp;&nbsp; USD222 | 225485 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/04/53 | &nbsp;&nbsp;&nbsp; USD716 | 702819 |
|  |  | 98417075 |
| **Qatar — 0.0%** | **Qatar — 0.0%** | **Qatar — 0.0%** |
| &nbsp;&nbsp;&nbsp; Qatar Government International Bonds, <br> 3.25%, 06/02/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD1,269 | 1260422 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Romania — 0.1%** | **Romania — 0.1%** | **Romania — 0.1%** |
| Romanian Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.12%, 07/16/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR1,057 | $1064156 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/14/41<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR707 | 541419 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/27/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD930 | 837000 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD222 | 224775 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,296 | 1312200 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/10/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR920 | 1108826 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/16/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD500 | 511625 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/30/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD6,486 | 6672278 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/10/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR856 | 1030466 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/07/45<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR495 | 565427 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/17/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD200 | 208090 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/11/39<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR384 | 459725 |
|  |  | 14535987 |
| **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** |
| Saudi Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/17/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD887 | 897538 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/18/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,769 | 1792227 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/18/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD847 | 775628 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/18/53<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD657 | 601638 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/13/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD977 | 996540 |
|  |  | 5063571 |
| **Senegal — 0.0%** | **Senegal — 0.0%** | **Senegal — 0.0%** |
| &nbsp;&nbsp;&nbsp; Senegal Government International Bonds, <br> 4.75%, 03/13/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,308 | 1268324 |
| **Serbia — 0.0%** | **Serbia — 0.0%** | **Serbia — 0.0%** |
| Serbia International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD590 | 619500 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/26/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD426 | 463565 |
|  |  | 1083065 |
| **South Africa — 0.8%** | **South Africa — 0.8%** | **South Africa — 0.8%** |
| Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/28/31 | &nbsp;&nbsp;&nbsp; ZAR734,438 | 40538026 |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/31/30 | &nbsp;&nbsp;&nbsp; ZAR752,032 | 43764570 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/31/37 | &nbsp;&nbsp;&nbsp; ZAR375,822 | 20411175 |
| &nbsp;&nbsp;&nbsp; 8.88%, 02/28/35 | &nbsp;&nbsp;&nbsp; ZAR6,328 | 365230 |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government <br> International Bonds<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/24/26 | &nbsp;&nbsp;&nbsp; EUR711 | 824763 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/12/46<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; USD541 | 422940 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/30/49 | &nbsp;&nbsp;&nbsp; USD994 | 838439 |
| &nbsp;&nbsp;&nbsp; 7.10%, 11/19/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD597 | 641626 |
| &nbsp;&nbsp;&nbsp; 7.95%, 11/19/54<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD665 | 708910 |
|  |  | 108515679 |
| **Spain — 1.0%** | **Spain — 1.0%** | **Spain — 1.0%** |
| Spain Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/31/30 | &nbsp;&nbsp;&nbsp; EUR35,629 | 41532656 |
| &nbsp;&nbsp;&nbsp; 3.15%, 04/30/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR64,741 | 74971688 |
| &nbsp;&nbsp;&nbsp; 3.45%, 10/31/34<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; EUR16,842 | 20038844 |
|  |  | 136543188 |
| **Sri Lanka — 0.0%** | **Sri Lanka — 0.0%** | **Sri Lanka — 0.0%** |
| Sri Lanka Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD48 | 44784 |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD397 | 374316 |
| &nbsp;&nbsp;&nbsp; 3.35%, 03/15/33<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD788 | 686765 |
| &nbsp;&nbsp;&nbsp; 3.60%, 06/15/35<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD525 | 405557 |
| &nbsp;&nbsp;&nbsp; 3.60%, 05/15/36<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD373 | 340186 |
| &nbsp;&nbsp;&nbsp; 3.60%, 02/15/38<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; USD726 | 669824 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD931 | 892283 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD382 | 366235 |
|  |  | 3779950 |
| **Thailand — 0.5%** | **Thailand — 0.5%** | **Thailand — 0.5%** |
| Thailand Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 2.41%, 03/17/35 | &nbsp;&nbsp;&nbsp; THB421,446 | 13778619 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Thailand (continued)** | **Thailand (continued)** | **Thailand (continued)** |
| &nbsp;&nbsp;&nbsp; 2.50%, 11/17/29 | &nbsp;&nbsp;&nbsp; THB1,604,663 | $51628612 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/17/55 | &nbsp;&nbsp;&nbsp; THB7,709 | 316853 |
|  |  | 65724084 |
| **Trinidad and Tobago — 0.0%** | **Trinidad and Tobago — 0.0%** | **Trinidad and Tobago — 0.0%** |
| &nbsp;&nbsp;&nbsp; Trinidad & Tobago Government <br> International Bonds<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/04/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD952 | 942775 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/26/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD927 | 915876 |
|  |  | 1858651 |
| **Tunisia — 0.0%** | **Tunisia — 0.0%** | **Tunisia — 0.0%** |
| Tunisian Republic, 6.38%, 07/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; EUR2,566 | 2952790 |
| **Turkey — 0.1%** | **Turkey — 0.1%** | **Turkey — 0.1%** |
| Turkiye Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 26.20%, 10/05/33 | &nbsp;&nbsp;&nbsp; TRY43,748 | 938074 |
| &nbsp;&nbsp;&nbsp; 30.00%, 09/12/29 | &nbsp;&nbsp;&nbsp; TRY82,093 | 1797874 |
| Turkiye Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 09/16/35 | &nbsp;&nbsp;&nbsp; USD566 | 573075 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/12/32 | &nbsp;&nbsp;&nbsp; USD887 | 921593 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/13/30 | &nbsp;&nbsp;&nbsp; USD981 | 1112719 |
| &nbsp;&nbsp;&nbsp; 9.38%, 01/19/33 | &nbsp;&nbsp;&nbsp; USD1,269 | 1477991 |
|  |  | 6821326 |
| **Ukraine — 0.0%** | **Ukraine — 0.0%** | **Ukraine — 0.0%** |
| Ukraine Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD18 | 9634 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD155 | 106078 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/34<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD102 | 57289 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/34<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD47 | 19408 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/35<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD53 | 27179 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/36<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD36 | 18173 |
|  |  | 237761 |
| **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Government International Bonds, <br> 4.88%, 04/30/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD952 | 985025 |
| &nbsp;&nbsp;&nbsp; Emirate of Dubai Government International <br> Bonds, 3.90%, 09/09/50<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; USD622 | 475544 |
|  |  | 1460569 |
| **United Kingdom — 0.2%** | **United Kingdom — 0.2%** | **United Kingdom — 0.2%** |
| United Kingdom Gilt, 4.38%, 03/07/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; GBP15,219 | 20378364 |
| **Uruguay — 0.1%** | **Uruguay — 0.1%** | **Uruguay — 0.1%** |
| &nbsp;&nbsp;&nbsp; Oriental Republic of Uruguay, 5.25%, <br> 09/10/60<br>| &nbsp;&nbsp;&nbsp; USD744 | 712819 |
| Uruguay Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/29/35 | &nbsp;&nbsp;&nbsp; UYU165,634 | 4172213 |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/20/33 | &nbsp;&nbsp;&nbsp; UYU83,329 | 2305183 |
|  |  | 7190215 |
| **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** |
| Republic of Uzbekistan International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/29/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; EUR524 | 621063 |
| &nbsp;&nbsp;&nbsp; 7.85%, 10/12/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; USD421 | 453018 |
| &nbsp;&nbsp;&nbsp; 7.85%, 10/12/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD1,507 | 1621612 |
| &nbsp;&nbsp;&nbsp; 16.63%, 05/29/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; UZS5,000,000 | 434526 |
|  |  | 3130219 |
| **Zambia — 0.0%** | **Zambia — 0.0%** | **Zambia — 0.0%** |
| Zambia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp; 0.50%, 12/31/53<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; USD909 | 632098 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/30/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; USD1,086 | 1042041 |
|  |  | 1674139 |
| **Total Foreign Government Obligations — 8.9%** <br>**(Cost: $1,189,387,818)** | **Total Foreign Government Obligations — 8.9%** <br>**(Cost: $1,189,387,818)** | 1223216934 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **Arizona — 0.0%** | **Arizona — 0.0%** | **Arizona — 0.0%** |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development <br> Authority RB, 7.38%, 10/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $1330 | $1395757 |
| **Massachusetts — 0.1%** | **Massachusetts — 0.1%** | **Massachusetts — 0.1%** |
| Massachusetts School Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/50 | &nbsp;&nbsp;&nbsp; 2700 | 2856811 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/15/50 | &nbsp;&nbsp;&nbsp; 2700 | 2914625 |
|  |  | 5771436 |
| **Michigan — 0.0%** | **Michigan — 0.0%** | **Michigan — 0.0%** |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development <br> Authority RB, 5.25%, 10/01/50<br>| &nbsp;&nbsp;&nbsp; 1910 | 1943998 |
| **Nebraska — 0.0%** | **Nebraska — 0.0%** | **Nebraska — 0.0%** |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District RB, 5.50%, <br> 02/01/49<br>| &nbsp;&nbsp;&nbsp; 1380 | 1493911 |
| **Texas — 0.1%** | **Texas — 0.1%** | **Texas — 0.1%** |
| &nbsp;&nbsp;&nbsp; Alvin Independent School District GO, 5.25%, <br> 02/15/50 (PSF)<br>| &nbsp;&nbsp;&nbsp; 5000 | 5357336 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue RB <br> AMT, 5.50%, 07/01/50<br>| &nbsp;&nbsp;&nbsp; 3565 | 3826292 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport RB <br> AMT, 5.25%, 11/01/44<br>| &nbsp;&nbsp;&nbsp; 1370 | 1461506 |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District RB, <br> 10.00%, 07/01/26<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 870 | 873147 |
| &nbsp;&nbsp;&nbsp; Terrell Independent School District Texas GO, <br> 5.25%, 08/01/50 (PSF)<br>| &nbsp;&nbsp;&nbsp; 6160 | 6638241 |
|  |  | 18156522 |
| **Total Municipal Debt Obligations — 0.2%** <br>**(Cost: $28,403,748)** | **Total Municipal Debt Obligations — 0.2%** <br>**(Cost: $28,403,748)** | 28761624 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 20.8%** | **Mortgage-Backed Securities — 20.8%** | **Mortgage-Backed Securities — 20.8%** |
| Uniform Mortgage-Backed Securities |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/13/55<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 1433389 | 1321386171 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/11/55<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 1116778 | 1028728641 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/13/55<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 46634 | 45450498 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/15/54<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 54963 | 55528935 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/15/54<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 415469 | 424840722 |
|  |  | 2875934967 |
| **U.S. Government Agency Obligations — 0.1%** | **U.S. Government Agency Obligations — 0.1%** | **U.S. Government Agency Obligations — 0.1%** |
| Tennessee Valley Authority, 5.25%, 02/01/55 | &nbsp;&nbsp;&nbsp; 6290 | 6347953 |
| **U.S. Government Obligations — 0.4%** | **U.S. Government Obligations — 0.4%** | **U.S. Government Obligations — 0.4%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation Indexed Bond, 2.38%, <br> 02/15/55<br>| &nbsp;&nbsp;&nbsp; 25959 | 25648712 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation Indexed Note, 1.88%, <br> 07/15/35<br>| &nbsp;&nbsp;&nbsp; 26259 | 26474545 |
|  |  | 52123257 |
| **Total U.S. Government & Agency Obligations — 21.3%** <br>**(Cost: $2,940,159,954)** | **Total U.S. Government & Agency Obligations — 21.3%** <br>**(Cost: $2,940,159,954)** | 2934406177 |
| **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> |
| **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| &nbsp;&nbsp;&nbsp; Aernnova Aerospace S.A.U, 2024 EUR Term <br> Loan B, (3-mo. EURIBOR at 0.00% Floor + <br> 4.00%), 6.03%, 02/27/30<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2288010 |
| &nbsp;&nbsp;&nbsp; Cobham Ultra SeniorCo SARL, EUR Term <br> Loan B, (6-mo. EURIBOR at 0.00% Floor + <br> 3.75%), 5.83%, 08/06/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2306453 |
|  |  | 4594463 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 5.55%, <br> 09/12/32<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | $1154817 |
| **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 EUR Term Loan B, (1-mo. EURIBOR <br> at 0.00% Floor + 3.25%), 5.14%, <br> 01/28/32<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1155532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 EUR Term Loan B, (1-mo. EURIBOR <br> at 0.00% Floor + 3.00%), 4.89%, <br> 07/16/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2309473 |
| Valeo F1 Co. Ltd.0.00% | &nbsp;&nbsp;&nbsp; EUR2,000 | 2298575 |
|  |  | 5763580 |
| **Beverages — 0.0%** | **Beverages — 0.0%** | **Beverages — 0.0%** |
| &nbsp;&nbsp;&nbsp; Pegasus BidCo BV (3-mo. EURIBOR at <br> 0.00% Floor + 3.00%), 4.95%, 07/12/29<br>| &nbsp;&nbsp;&nbsp; EUR1,880 | 2180040 |
| **Biotechnology — 0.0%** | **Biotechnology — 0.0%** | **Biotechnology — 0.0%** |
| &nbsp;&nbsp;&nbsp; Cooper Consumer Health, 2025 EUR Term <br> Loan B4, (1-mo. EURIBOR at 0.00% Floor <br> + 3.75%), 5.75%, 11/06/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2321345 |
| Cooper Consumer Health SAS, 11/06/28<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1161295 |
|  |  | 3482640 |
| **Building Materials — 0.0%** | **Building Materials — 0.0%** | **Building Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp; Hestiafloor 2, 2025 EUR Term Loan B, (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 5.50%, <br> 02/27/30<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3472646 |
| Tarkett Participation, 04/22/31<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR2,000 | 2307905 |
|  |  | 5780551 |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| Ineos Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 EUR 1st Lien Term Loan B, (1-mo. <br> EURIBOR at 0.00% Floor + 3.50%), <br> 5.39%, 06/23/31<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1027299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 EUR Term Loan B1, (1-mo. EURIBOR <br> at 0.00% Floor + 3.25%), 5.14%, <br> 02/07/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2048582 |
| &nbsp;&nbsp;&nbsp; INEOS Quattro Holdings U.K. Ltd., 2023 <br> EUR 1st Lien Term Loan B, (1-mo. <br> EURIBOR at 0.00% Floor + 4.50%), 6.39%, <br> 04/02/29<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 2976984 |
| &nbsp;&nbsp;&nbsp; Nobian Finance B.V., 2024 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 3.75%), <br> 5.78%, 07/02/29<br>| &nbsp;&nbsp;&nbsp; EUR1,750 | 1946033 |
| &nbsp;&nbsp;&nbsp; Nobian Finance BV, 2025 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 3.50%), <br> 5.53%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; EUR1,895 | 2097527 |
| &nbsp;&nbsp;&nbsp; Rain Carbon GmbH, 2023 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 5.00%), <br> 7.03%, 10/31/28<br>| &nbsp;&nbsp;&nbsp; EUR2,808 | 3203778 |
|  |  | 13300203 |
| **Commercial Services — 0.4%** | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** |
| Albion Financing 3 SARL, 05/21/31<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1158632 |
| &nbsp;&nbsp;&nbsp; AlixPartners LLP (3-mo. EURIBOR at 0.00% <br> Floor + 3.00%), 5.00%, 08/12/32<br>| &nbsp;&nbsp;&nbsp; EUR2,972 | 3428384 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.35%), 7.31%, <br> 08/20/32<br>| &nbsp;&nbsp;&nbsp; USD1,110 | 1114383 |
| &nbsp;&nbsp;&nbsp; Atlas Luxco 4 SARL (1-mo. EURIBOR at <br> 0.00% Floor + 3.75%), 5.64%, 08/20/32<br>| &nbsp;&nbsp;&nbsp; EUR2,538 | 2930583 |
| &nbsp;&nbsp;&nbsp; Belron U.K. Finance PLC, 2024 EUR <br> Incremental Term Loan B, (3-mo. EURIBOR <br> at 0.00% Floor + 2.75%), 4.72%, 10/16/31<br>| &nbsp;&nbsp;&nbsp; EUR3,377 | 3912583 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| &nbsp;&nbsp;&nbsp; Boels Topholding BV, 2025 EUR Term Loan <br> B3, (1-mo. EURIBOR at 0.00% Floor + <br> 2.75%), 4.68%, 05/23/31<br>| &nbsp;&nbsp;&nbsp; EUR2,017 | $2332451 |
| &nbsp;&nbsp;&nbsp; Boluda Towage SL, 2024 EUR Term Loan B, <br> (1-mo. EURIBOR at 0.00% Floor + 3.50%), <br> 5.40%, 01/31/30<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2320008 |
| &nbsp;&nbsp;&nbsp; Eagle Bidco Ltd. (1-mo. EURIBOR at 0.00% <br> Floor + 3.75%), 5.64%, 02/20/32<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2318141 |
| &nbsp;&nbsp;&nbsp; Fugue Finance B.V. (3-mo. EURIBOR at <br> 0.00% Floor + 3.25%), 5.28%, 01/09/32<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2315236 |
| &nbsp;&nbsp;&nbsp; Holding Socotec (3-mo. EURIBOR at 0.00% <br> Floor + 3.50%), 5.50%, 06/02/31<br>| &nbsp;&nbsp;&nbsp; EUR2,938 | 3405379 |
| &nbsp;&nbsp;&nbsp; IFCO Management GmbH, 2024 EUR 1st Lien <br> Term Loan B, (1-mo. EURIBOR at 0.00% <br> Floor + 3.50%), 5.39%, 11/29/29<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3463759 |
| &nbsp;&nbsp;&nbsp; Inspired Finco Holdings Ltd., 2025 EUR Term <br> Loan B6, (1-mo. EURIBOR at 0.00% Floor <br> + 3.25%), 5.14%, 02/28/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2312908 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance SARL (3-mo. EURIBOR <br> at 0.00% Floor + 4.00%), 6.02%, 10/07/32<br>| &nbsp;&nbsp;&nbsp; EUR4,965 | 5544540 |
| &nbsp;&nbsp;&nbsp; Lernen Bidco Ltd., 2025 EUR Term Loan B3A, <br> (3-mo. EURIBOR at 0.00% Floor + 3.75%), <br> 5.85%, 04/25/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2318279 |
| &nbsp;&nbsp;&nbsp; Modulaire Group Holdings Ltd. (3-mo. <br> EURIBOR at 0.00% Floor + 4.43%), 6.43%, <br> 07/10/31<br>| &nbsp;&nbsp;&nbsp; EUR2,500 | 2616890 |
| &nbsp;&nbsp;&nbsp; Obol France 3 SAS (6-mo. EURIBOR at <br> 0.00% Floor + 5.00%), 7.10%, 12/31/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2233628 |
| OCS Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR Term Loan B, (6-mo. EURIBOR at <br> 0.00% Floor + 4.75%), 6.79%, 11/28/31<br>| &nbsp;&nbsp;&nbsp; EUR2,075 | 2406239 |
| &nbsp;&nbsp;&nbsp; 2025 GBP Add On Term Loan, 11/28/31<sup>(e)(j)</sup> | &nbsp;&nbsp;&nbsp; GBP1,000 | 1310415 |
| &nbsp;&nbsp;&nbsp; Sector Alarm Holding AS (3-mo. EURIBOR at <br> 0.00% Floor + 3.50%), 5.53%, 06/14/29<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1159139 |
| &nbsp;&nbsp;&nbsp; Techem Verwaltungsgesellschaft 675 mbH <br> (3-mo. EURIBOR at 0.00% Floor + 3.25%), <br> 5.27%, 07/15/32<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2315259 |
| &nbsp;&nbsp;&nbsp; TMF Sapphire Bidco BV, 2025 EUR Term <br> Loan B, (3-mo. EURIBOR at 0.00% Floor + <br> 3.25%), 5.25%, 05/03/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2319132 |
| &nbsp;&nbsp;&nbsp; Trevise Holdings 1 SAS (1-mo. EURIBOR at <br> 0.00% Floor + 3.75%), 5.62%, 07/09/29<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1157987 |
| &nbsp;&nbsp;&nbsp; Verisure Holding AB, 2021 EUR Term Loan, <br> (3-mo. EURIBOR at 0.00% Floor + 3.00%), <br> 5.00%, 03/27/28<br>| &nbsp;&nbsp;&nbsp; EUR1,250 | 1440063 |
|  |  | 55834018 |
| **Computers — 0.1%** | **Computers — 0.1%** | **Computers — 0.1%** |
| Atos SE, 12/17/29<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR3,000 | 3659376 |
| &nbsp;&nbsp;&nbsp; Indy U.S. Bidco, LLC (1-mo. EURIBOR at <br> 0.00% Floor + 3.00%), 4.89%, 10/31/30<br>| &nbsp;&nbsp;&nbsp; EUR1,768 | 2039397 |
| &nbsp;&nbsp;&nbsp; McAfee Corp., 2024 EUR Term Loan B, (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 0.00%, <br> 03/01/29<br>| &nbsp;&nbsp;&nbsp; EUR2,606 | 2924131 |
|  |  | 8622904 |
| **Cosmetics & Personal Care — 0.0%** | **Cosmetics & Personal Care — 0.0%** | **Cosmetics & Personal Care — 0.0%** |
| &nbsp;&nbsp;&nbsp; Rainbow U.K. Bidco Ltd., EUR Term Loan B, <br> (6-mo. EURIBOR at 0.00% Floor + 3.25%), <br> 5.31%, 02/23/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2315974 |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| &nbsp;&nbsp;&nbsp; Parts Europe SA (3-mo. EURIBOR at 0.00% <br> Floor + 3.00%), 5.00%, 02/03/31<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3478110 |
| &nbsp;&nbsp;&nbsp; Quimper AB, 2024 EUR Term Loan B, (6-mo. <br> EURIBOR at 0.00% Floor + 3.75%), 5.86%, <br> 03/29/30<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3462272 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Distribution & Wholesale (continued)** | **Distribution & Wholesale (continued)** | **Distribution & Wholesale (continued)** |
| &nbsp;&nbsp;&nbsp; Windsor Holdings III LLC, 2025 EUR Term <br> Loan B, (1-mo. EURIBOR at 0.00% Floor + <br> 2.75%), 4.64%, 08/01/30<br>| &nbsp;&nbsp;&nbsp; EUR400 | $458243 |
|  |  | 7398625 |
| **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Cervantes Bidco SL, 2024 EUR 1st Lien Term <br> Loan B, (6-mo. EURIBOR at 0.00% Floor + <br> 3.25%), 5.29%, 10/30/31<br>| &nbsp;&nbsp;&nbsp; EUR1,483 | 1719815 |
| **Electronics — 0.0%** | **Electronics — 0.0%** | **Electronics — 0.0%** |
| &nbsp;&nbsp;&nbsp; Minimax GmbH, 2025 EUR Term Loan B, <br> (1-mo. EURIBOR at 0.00% Floor + 2.25%), <br> 4.15%, 03/17/32<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1156742 |
| Talbot Participation SAS, 07/07/32<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1159347 |
|  |  | 2316089 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| &nbsp;&nbsp;&nbsp; Apave SA, EUR Term Loan B, (1-mo. <br> EURIBOR at 0.00% Floor + 3.27%), 5.29%, <br> 12/09/31<br>| &nbsp;&nbsp;&nbsp; EUR1,714 | 1986464 |
| &nbsp;&nbsp;&nbsp; Artemis Bidco SAS (3-mo. EURIBOR at <br> 0.00% Floor + 3.75%), 5.77%, 08/07/32<br>| &nbsp;&nbsp;&nbsp; EUR1,654 | 1919070 |
| Platea BC Bidco AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR Term Loan, (3-mo. EURIBOR at <br> 0.00% Floor + 3.50%), 5.50%, 04/03/31<br>| &nbsp;&nbsp;&nbsp; EUR1,667 | 1930382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR Delayed Draw Term Loan, (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), <br> 5.50%, 04/03/31<br>| &nbsp;&nbsp;&nbsp; EUR333 | 386076 |
| &nbsp;&nbsp;&nbsp; Radar Bidco Sarl (3-mo. EURIBOR at 0.00% <br> Floor + 3.50%), 5.52%, 04/04/31<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3476865 |
|  |  | 9698857 |
| **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment SAS, 2025 EUR Term <br> Loan B (2028), (3-mo. EURIBOR at 0.00% <br> Floor + 3.25%), 5.28%, 03/01/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2314591 |
| &nbsp;&nbsp;&nbsp; Betclic Everest Group SAS, EUR Term Loan <br> B, (3-mo. EURIBOR at 0.00% Floor + <br> 3.25%), 6.09%, 12/10/31<br>| &nbsp;&nbsp;&nbsp; EUR2,591 | 2996864 |
| &nbsp;&nbsp;&nbsp; Dorna Sports, S.L. (3-mo. EURIBOR at 0.00% <br> Floor + 2.75%), 4.82%, 08/18/32<br>| &nbsp;&nbsp;&nbsp; EUR1,750 | 2023088 |
| &nbsp;&nbsp;&nbsp; Elvis UK Holdco Ltd. (3-mo. EURIBOR at <br> 0.00% Floor + 3.60%), 5.62%, 10/31/31<br>| &nbsp;&nbsp;&nbsp; EUR1,500 | 1735995 |
| &nbsp;&nbsp;&nbsp; Entain PLC, 2024 EUR Term Loan B4, (6-mo. <br> EURIBOR at 0.00% Floor + 3.25%), 5.29%, <br> 06/30/28<br>| &nbsp;&nbsp;&nbsp; EUR2,611 | 3020264 |
| &nbsp;&nbsp;&nbsp; QSRP Finco BV, EUR Term Loan B, (6-mo. <br> EURIBOR at 0.00% Floor + 4.00%), 6.07%, <br> 06/19/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2313230 |
| &nbsp;&nbsp;&nbsp; Stage Entertainment B.V., 2024 EUR Term <br> Loan B, (3-mo. EURIBOR at 0.00% Floor + <br> 4.00%), 6.03%, 06/02/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2318556 |
| &nbsp;&nbsp;&nbsp; Tackle SARL, 2025 EUR Repriced Term Loan <br> B2, (6-mo. EURIBOR at 0.00% Floor + <br> 3.25%), 5.37%, 05/22/28<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3462618 |
|  |  | 20185206 |
| **Food — 0.1%** | **Food — 0.1%** | **Food — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bellis Acquisition Co. PLC, 2024 EUR Term <br> Loan B, (6-mo. EURIBOR at 0.00% Floor + <br> 4.00%), 6.08%, 05/14/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2212881 |
| &nbsp;&nbsp;&nbsp; Froneri International Ltd., 2024 EUR Term <br> Loan B3, (6-mo. EURIBOR at 0.00% Floor <br> + 2.50%), 4.58%, 09/30/31<br>| &nbsp;&nbsp;&nbsp; EUR4,000 | 4610600 |
| Froneri Lux FinCo SARL, 09/30/32<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,628 | 1879597 |
| &nbsp;&nbsp;&nbsp; Market Bidco Ltd., 2024 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 4.50%), <br> 6.53%, 11/04/30<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3411406 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| &nbsp;&nbsp;&nbsp; ZF Bidco SAS, 2025 EUR Fungible Term Loan <br> B, (3-mo. EURIBOR at 0.00% Floor + <br> 3.75%), 0.00%, 07/12/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | $2316827 |
|  |  | 14431311 |
| **Food Service — 0.1%** | **Food Service — 0.1%** | **Food Service — 0.1%** |
| Areas Worldwide SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 EUR Term Loan B, (6-mo. EURIBOR <br> at 0.00% Floor + 4.00%), 6.04%, <br> 12/31/29<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3474687 |
| &nbsp;&nbsp;&nbsp; 12/31/29<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,133 | 1312869 |
| &nbsp;&nbsp;&nbsp; Gategroup Finance International Sarl (1-mo. <br> EURIBOR at 0.00% Floor + 4.25%), 6.18%, <br> 06/16/32<br>| &nbsp;&nbsp;&nbsp; EUR2,478 | 2879344 |
|  |  | 7666900 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| &nbsp;&nbsp;&nbsp; SpA Holdings 3 Oy, EUR Term Loan B, (3-mo. <br> EURIBOR at 0.00% Floor + 3.75%), 5.75%, <br> 02/04/28<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3466111 |
| **Health Care - Services — 0.1%** | **Health Care - Services — 0.1%** | **Health Care - Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Elsan SAS, 2025 EUR Term Loan B, (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 0.00%, <br> 06/16/31<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3451069 |
| &nbsp;&nbsp;&nbsp; HomeVi SASU, 2025 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 4.75%), <br> 6.82%, 10/31/29<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1153249 |
| &nbsp;&nbsp;&nbsp; Median B V, 2021 EUR Term Loan B1, (3-mo. <br> EURIBOR at 0.00% Floor + 4.93%), 0.00%, <br> 10/14/27<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2297024 |
| &nbsp;&nbsp;&nbsp; Mehilainen Yhtiot Oy, 2025 EUR Term Loan <br> B1, (3-mo. EURIBOR at 0.00% Floor + <br> 3.50%), 0.00%, 08/05/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2320538 |
| &nbsp;&nbsp;&nbsp; Ramsay Generale de Sante SA, 2025 EUR <br> Term Loan B4, (3-mo. EURIBOR at 0.00% <br> Floor + 3.25%), 5.27%, 08/13/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2310280 |
| &nbsp;&nbsp;&nbsp; Schoen Klinik SE (3-mo. EURIBOR at 0.00% <br> Floor + 3.00%), 5.00%, 01/12/31<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1155555 |
| &nbsp;&nbsp;&nbsp; Vivalto Sante Investissement SA, 2025 EUR <br> Term Loan B, (3-mo. EURIBOR at 0.00% <br> Floor + 3.50%), 5.50%, 07/21/31<br>| &nbsp;&nbsp;&nbsp; EUR4,000 | 4625953 |
|  |  | 17313668 |
| **Insurance — 0.0%** | **Insurance — 0.0%** | **Insurance — 0.0%** |
| &nbsp;&nbsp;&nbsp; Acropole Holding SAS (3-mo. EURIBOR at <br> 0.00% Floor + 3.50%), 5.50%, 07/26/32<br>| &nbsp;&nbsp;&nbsp; EUR1,572 | 1812822 |
| **Internet — 0.0%** | **Internet — 0.0%** | **Internet — 0.0%** |
| &nbsp;&nbsp;&nbsp; AVIV Group GmbH, EUR Term Loan B, (6-mo. <br> EURIBOR at 0.00% Floor + 4.00%), 6.10%, <br> 04/23/32<br>| &nbsp;&nbsp;&nbsp; EUR1,720 | 1991561 |
| HBX Group International PLC, 02/13/32<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,000 | 1158413 |
| &nbsp;&nbsp;&nbsp; Speedster Bidco GmbH, 2024 EUR Term Loan <br> B, (6-mo. EURIBOR at 0.00% Floor + <br> 3.50%), 5.62%, 12/10/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2321161 |
|  |  | 5471135 |
| **Machinery — 0.1%** | **Machinery — 0.1%** | **Machinery — 0.1%** |
| &nbsp;&nbsp;&nbsp; Ammega Group BV, 2023 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 5.00%), <br> 0.00%, 12/30/28<br>| &nbsp;&nbsp;&nbsp; EUR2,769 | 2875323 |
| &nbsp;&nbsp;&nbsp; Engineered Machinery Holdings Inc., 2021 <br> EUR Incremental Term Loan, (3-mo. <br> EURIBOR at 0.00% Floor + 3.75%), 5.75%, <br> 05/21/28<br>| &nbsp;&nbsp;&nbsp; EUR1,979 | 2298075 |
| &nbsp;&nbsp;&nbsp; Rubix Group Midco 3 Ltd., 2024 EUR Term <br> Loan, (6-mo. EURIBOR at 0.00% Floor + <br> 4.00%), 6.08%, 09/30/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2316250 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| &nbsp;&nbsp;&nbsp; TK Elevator Midco GmbH, 2025 EUR Term <br> Loan B1, (6-mo. EURIBOR at 0.00% Floor <br> + 3.25%), 5.33%, 04/30/30<br>| &nbsp;&nbsp;&nbsp; EUR2,400 | $2781575 |
|  |  | 10271223 |
| **Manufacturing — 0.0%** | **Manufacturing — 0.0%** | **Manufacturing — 0.0%** |
| &nbsp;&nbsp;&nbsp; Ctec III GmbH, 2022 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 3.75%), <br> 5.78%, 03/16/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2298246 |
| &nbsp;&nbsp;&nbsp; KP Germany Erste GmbH, 2021 EUR Term <br> Loan B, (3-mo. EURIBOR at % + 4.75%), <br> 7.59%, 02/12/26<sup>(e)(k)(l)</sup><br>| &nbsp;&nbsp;&nbsp; EUR3,584 | 1879562 |
|  |  | 4177808 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| &nbsp;&nbsp;&nbsp; Vmed O2 U.K. Holdco 4 Ltd., 2020 EUR Term <br> Loan R, (1-mo. EURIBOR at 0.00% Floor + <br> 3.25%), 5.14%, 01/31/29<br>| &nbsp;&nbsp;&nbsp; EUR2,500 | 2891884 |
| &nbsp;&nbsp;&nbsp; Ziggo BV, 2019 EUR Term Loan H, (1-mo. <br> EURIBOR at 0.00% Floor + 3.00%), 4.89%, <br> 01/31/29<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3388791 |
|  |  | 6280675 |
| **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** |
| &nbsp;&nbsp;&nbsp; Albea Beauty Holdings SA, 2023 EUR Term <br> Loan B, (3-mo. EURIBOR at 0.00% Floor + <br> 5.00%), 7.00%, 12/31/27<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2276000 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| &nbsp;&nbsp;&nbsp; Aenova Holding GmbH, 2025 EUR Repriced <br> Term Loan B, (3-mo. EURIBOR at 0.00% <br> Floor + 3.00%), 5.03%, 08/22/31<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1156396 |
| &nbsp;&nbsp;&nbsp; AI Sirona Luxembourg Acquisition SARL, <br> 2024 EUR Term Loan B, (1-mo. EURIBOR <br> at 0.00% Floor + 4.00%), 5.89%, 09/29/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2302557 |
| &nbsp;&nbsp;&nbsp; Boots Group Bidco Ltd. (The) (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 5.52%, <br> 08/30/32<br>| &nbsp;&nbsp;&nbsp; EUR3,200 | 3711902 |
| &nbsp;&nbsp;&nbsp; Ceva Sante Animale, 2025 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 3.00%), <br> 5.00%, 11/08/30<br>| &nbsp;&nbsp;&nbsp; EUR4,000 | 4615902 |
| &nbsp;&nbsp;&nbsp; Nidda Healthcare Holding GmbH, 2025 EUR <br> Term Loan B, (3-mo. EURIBOR at 0.00% <br> Floor + 3.50%), 5.53%, 02/21/30<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2311294 |
|  |  | 14098051 |
| **Retail — 0.0%** | **Retail — 0.0%** | **Retail — 0.0%** |
| &nbsp;&nbsp;&nbsp; CD&R Firefly Bidco Ltd., 2025 EUR Term <br> Loan, (3-mo. EURIBOR at 0.00% Floor + <br> 3.25%), 5.32%, 04/30/29<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1159693 |
| Peer Holding III B V0.00% | &nbsp;&nbsp;&nbsp; EUR2,800 | 3230228 |
|  |  | 4389921 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| &nbsp;&nbsp;&nbsp; Boxer Parent Co. Inc., 2025 EUR Term Loan <br> B, (3-mo. EURIBOR at 0.00% Floor + <br> 3.50%), 5.53%, 07/30/31<br>| &nbsp;&nbsp;&nbsp; EUR2,975 | 3437216 |
| &nbsp;&nbsp;&nbsp; Claudius Finance SARL, 2025 EUR Term <br> Loan B4, (3-mo. EURIBOR at 0.00% Floor <br> + 2.75%), 4.82%, 07/10/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2310095 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group Inc., 2024 EUR 1st <br> Lien Term Loan B, (3-mo. EURIBOR at <br> 0.00% Floor + 3.75%), 0.00%, 03/29/29<br>| &nbsp;&nbsp;&nbsp; EUR1,491 | 1728584 |
| &nbsp;&nbsp;&nbsp; Finastra USA, Inc. (3-mo. EURIBOR at 0.00% <br> Floor + 4.50%), 0.00%, 09/15/32<br>| &nbsp;&nbsp;&nbsp; EUR2,797 | 3167258 |
| &nbsp;&nbsp;&nbsp; Mosel Bidco SE, 2025 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 3.75%), <br> 5.75%, 09/16/30<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2310118 |
| Polaris Newco LLC, 06/02/28<sup>(j)</sup> | &nbsp;&nbsp;&nbsp; EUR1,990 | 2103609 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| &nbsp;&nbsp;&nbsp; Rocket Software Inc., 2023 EUR Term Loan B, <br> (1-mo. EURIBOR at 0.00% Floor + 3.75%), <br> 5.64%, 11/28/28<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | $2306591 |
| &nbsp;&nbsp;&nbsp; Silae, 2023 EUR Term Loan B, (3-mo. <br> EURIBOR at 0.00% Floor + 3.25%), 0.00%, <br> 01/11/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2314590 |
| &nbsp;&nbsp;&nbsp; Unit4 Group Holding BV, 2021 EUR Term <br> Loan B, (3-mo. EURIBOR at 0.00% Floor + <br> 3.50%), 5.50%, 06/29/28<br>| &nbsp;&nbsp;&nbsp; EUR2,500 | 2886120 |
|  |  | 22564181 |
| **Telecommunications — 0.1%** | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** |
| &nbsp;&nbsp;&nbsp; Eircom Finco S.a.r.l. (1-mo. EURIBOR at <br> 0.00% Floor + 2.75%), 4.68%, 05/15/29<br>| &nbsp;&nbsp;&nbsp; EUR1,000 | 1155532 |
| &nbsp;&nbsp;&nbsp; MasOrange Finco PLC, 2025 EUR Term Loan <br> B, (6-mo. EURIBOR at 0.00% Floor + <br> 2.50%), 4.56%, 03/25/31<br>| &nbsp;&nbsp;&nbsp; EUR3,000 | 3456325 |
| &nbsp;&nbsp;&nbsp; Matterhorn Telecom Holding SA, EUR Term <br> Loan B, (3-mo. EURIBOR at 0.00% Floor + <br> 2.50%), 4.50%, 01/30/32<br>| &nbsp;&nbsp;&nbsp; EUR1,362 | 1572234 |
| &nbsp;&nbsp;&nbsp; Odido Holding BV, 2025 EUR Term Loan B2, <br> (3-mo. EURIBOR at 0.00% Floor + 2.90%), <br> 4.90%, 03/30/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2309058 |
| &nbsp;&nbsp;&nbsp; Telenet International Finance SARL, 2020 <br> EUR Term Loan AQ, (1-mo. EURIBOR at <br> 0.00% Floor + 2.25%), 4.14%, 04/30/29<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2299006 |
| &nbsp;&nbsp;&nbsp; Zegona Holdco Ltd. (6-mo. EURIBOR at <br> 0.00% Floor + 2.75%), 4.83%, 07/17/29<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp; EUR1,500 | 1735459 |
|  |  | 12527614 |
| **Transportation — 0.0%** | **Transportation — 0.0%** | **Transportation — 0.0%** |
| &nbsp;&nbsp;&nbsp; Edge Finco PLC, 2025 EUR Term Loan B, <br> (3-mo. EURIBOR at 0.00% Floor + 3.50%), <br> 5.53%, 08/22/31<br>| &nbsp;&nbsp;&nbsp; EUR2,000 | 2311432 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| &nbsp;&nbsp;&nbsp; Leased & Tenanted Pubs 1 Ltd., GBP 2nd <br> Lien Term Loan, (6-mo. CME Term SOFR <br> at 0.00% Floor + 9.38%), 13.84%, <br> 10/31/29<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp; GBP4,612 | 5937759 |
| **Total Floating Rate Loan Interests — 2.0%** <br>**(Cost: $271,544,600)** | **Total Floating Rate Loan Interests — 2.0%** <br>**(Cost: $271,544,600)** | 279344393 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| Luxco Co. Ltd., NVS | &nbsp;&nbsp;&nbsp; 20180 | 334114 |
| **Total Common Stocks — 0.0%** <br>**(Cost $354,887)** | **Total Common Stocks — 0.0%** <br>**(Cost $354,887)** | 334114 |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Exchange Traded Funds — 0.1%** | **Exchange Traded Funds — 0.1%** | **Exchange Traded Funds — 0.1%** |
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond <br> ETF<sup>(g)(n)</sup><br>| &nbsp;&nbsp;&nbsp; 152270 | 12303416 |
| **Total Investment Companies — 0.1%** <br>**(Cost $11,343,951)** | **Total Investment Companies — 0.1%** <br>**(Cost $11,343,951)** | 12303416 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Preferred Stocks** | **Preferred Stocks** | **Preferred Stocks** |
| **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| Boeing Co. (The), 6.00%<sup>(o)</sup> | &nbsp;&nbsp;&nbsp; 12300 | $796056 |
| **Total Preferred Stocks — 0.0%** <br>**(Cost $615,000)** | **Total Preferred Stocks — 0.0%** <br>**(Cost $615,000)** | 796056 |
| **Total Long-Term Investments — 116.4%** <br>**(Cost: $15,897,237,246)** | **Total Long-Term Investments — 116.4%** <br>**(Cost: $15,897,237,246)** | 16066396559 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 4.5%** | **Money Market Funds — 4.5%** | **Money Market Funds — 4.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares, 4.27%<sup>(n)(p)(q)</sup><br>| &nbsp;&nbsp;&nbsp; 622376962 | 622688151 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 4.05%<sup>(n)(p)</sup><br>| &nbsp;&nbsp;&nbsp; 100000 | 100000 |
| **Total Short-Term Securities — 4.5%** <br>**(Cost: $622,714,630)** | **Total Short-Term Securities — 4.5%** <br>**(Cost: $622,714,630)** | 622788151 |
| **Options Purchased — 0.0%** <br>**(Cost: $418,500)** | **Options Purchased — 0.0%** <br>**(Cost: $418,500)** | 164124 |
| **Total Investments Before TBA Sales Commitments and** <br> **Options Written — 120.9%** <br>**(Cost: $16,520,370,376)** | **Total Investments Before TBA Sales Commitments and** <br> **Options Written — 120.9%** <br>**(Cost: $16,520,370,376)** | 16689348834 |
|  | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>|  |
| **TBA Sales Commitments**<sup>(m)</sup> | **TBA Sales Commitments**<sup>(m)</sup> | **TBA Sales Commitments**<sup>(m)</sup> |
| **Mortgage-Backed Securities — (7.2)%** | **Mortgage-Backed Securities — (7.2)%** | **Mortgage-Backed Securities — (7.2)%** |
| &nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Securities, 3.50%, <br> 11/13/55<br>| &nbsp;&nbsp;&nbsp; $(1080090)<br>| (995692641)<br>|
| **Total TBA Sales Commitments — (7.2)%** <br>**(Proceeds: $(1004676049))** | **Total TBA Sales Commitments — (7.2)%** <br>**(Proceeds: $(1004676049))** | (995692641)<br>|
| **Options Written — (0.0%)** <br>**(Premiums Received: $(6046318))** | **Options Written — (0.0%)** <br>**(Premiums Received: $(6046318))** | (2982212)<br>|
| **Total Investments, Net of TBA Sales Commitments and Options** <br> **Written, Net of TBA Sales Commitments and Options Written** <br> **— 113.7%** <br>**(Cost: $15,509,648,009)** | **Total Investments, Net of TBA Sales Commitments and Options** <br> **Written, Net of TBA Sales Commitments and Options Written** <br> **— 113.7%** <br>**(Cost: $15,509,648,009)** | 15690673981 |
| **Liabilities in Excess of Other Assets — (13.7)%** | **Liabilities in Excess of Other Assets — (13.7)%** | (1884668325)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $13806005656 |

---

&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> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

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

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

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

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

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

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

<sup>(j)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

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

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

<sup>(m)</sup> Represents or includes a TBA transaction.

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

<sup>(o)</sup> Convertible security.

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

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

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*10/31/25*<br>| *Shares* <br>*Held at* <br>*10/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $1088388845 | $— | $(465773478 )<sup>(a)</sup><br>| $22741 | $31965 | $622688151 | 622376962 | $7223854 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, <br> SL Agency Shares<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corpo-<br> rate Bond ETF<br>| &nbsp;&nbsp;&nbsp;&nbsp; 178854824 | 184281816 | (351849504)<br>| &nbsp;&nbsp;&nbsp; 4771993 | (3755713)<br>| &nbsp;&nbsp;&nbsp; 12303416 | 152270 | &nbsp;&nbsp; 2571819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $4794734 | $(3723748) | $634727567 |  | $9796723 | $— |

---

&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. 

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Notional* <br>*Amount* <br>*(000)*<br>| &nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Euro Bund | 537 | 12/08/25 | &nbsp;&nbsp; $80089 | $554584 |
| &nbsp;&nbsp;&nbsp; Euro OAT | 255 | 12/08/25 | &nbsp;&nbsp; 36027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196616 |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Treasury Note | 526 | 12/19/25 | &nbsp;&nbsp; 59298 | &nbsp;&nbsp;&nbsp;&nbsp; (384403) |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Ultra Treasury Note | 352 | 12/19/25 | &nbsp;&nbsp; 40678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26715 |
| &nbsp;&nbsp;&nbsp; U.S. Ultra Bond | 2597 | 12/19/25 | &nbsp;&nbsp; 315292 | &nbsp;&nbsp;&nbsp;&nbsp; 3984369 |
| &nbsp;&nbsp;&nbsp; 5-Year U.S. Treasury Note | 19887 | 12/31/25 | &nbsp;&nbsp; 2172810 | &nbsp;&nbsp;&nbsp; (2030005) |
| &nbsp;&nbsp;&nbsp; 3-mo. SOFR | 167 | 03/17/26 | &nbsp;&nbsp; 40174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97882 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2445758 |
| Short Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 30-Year Euro Buxl Bond | 318 | 12/08/25 | &nbsp;&nbsp; 42563 | &nbsp;&nbsp;&nbsp;&nbsp; (819519) |
| &nbsp;&nbsp;&nbsp; Euro BOBL | 1378 | 12/08/25 | &nbsp;&nbsp; 187838 | &nbsp;&nbsp;&nbsp;&nbsp; (433938) |
| &nbsp;&nbsp;&nbsp; Euro-Schatz | 262 | 12/08/25 | &nbsp;&nbsp; 32338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16963 |
| &nbsp;&nbsp;&nbsp; U.S. Long Bond | 1154 | 12/19/25 | &nbsp;&nbsp; 135523 | &nbsp;&nbsp;&nbsp;&nbsp; 1054194 |
| &nbsp;&nbsp;&nbsp; Long Gilt | 168 | 12/29/25 | &nbsp;&nbsp; 20662 | &nbsp;&nbsp;&nbsp;&nbsp; (639153) |
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note | 1116 | 12/31/25 | &nbsp;&nbsp; 232442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56370 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (765083) |
|  |  |  |  | $1680675 |

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| BRL | 38096515 | USD | 7075482 | Goldman Sachs & Co. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5721 |
| BRL | 185997500 | USD | 34544416 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27931 |
| BRL | 37520083 | USD | 6968424 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5634 |
| NGN | 2407884728 | USD | 1571390 | Citibank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116222 |
| NGN | 13903052317 | USD | 9380919 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363301 |
| USD | 34700943 | BRL | 185997500 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128596 |
| USD | 6981000 | BRL | 37520083 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6942 |
| USD | 1687612 | NGN | 2407884728 | Citibank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| USD | 4228306 | NGN | 6032946368 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| CLP | 345321800 | USD | 365855 | Barclays Bank PLC | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561 |
| COP | 654463938 | USD | 166186 | Goldman Sachs & Co. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3219 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| EGP | 12587180 | USD | 239300 | Bank of America N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $25671 |
| EGP | 320817158 | USD | 6155772 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597705 |
| USD | 37508 | TWD | 1129085 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 826 |
| IDR | 154623225000 | USD | 9288224 | JPMorgan Chase Bank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8621 |
| IDR | 176240262345 | USD | 10593338 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3249 |
| MYR | 19047527 | USD | 4543780 | Barclays Bank PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7155 |
| PEN | 8466239 | USD | 2417958 | JPMorgan Chase Bank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95257 |
| USD | 1471485 | CZK | 30749357 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14276 |
| USD | 36122426 | CZK | 741618402 | Goldman Sachs & Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977190 |
| USD | 815847 | EUR | 696529 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12042 |
| USD | 4656855 | EUR | 3919210 | State Street Bank & Trust Company | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134029 |
| USD | 7236224 | HUF | 2394980230 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127604 |
| USD | 902756 | HUF | 300899989 | State Street Bank & Trust Company | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9645 |
| USD | 37124427 | IDR | 611959063366 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329900 |
| USD | 662567 | IDR | 11010870774 | Goldman Sachs & Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530 |
| USD | 2884502 | IDR | 47969407708 | HSBC Bank PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303 |
| USD | 7718601 | IDR | 128125860946 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14931 |
| USD | 10870203 | MXN | 200869901 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81968 |
| USD | 81725749 | MXN | 1505461841 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 871045 |
| USD | 7870785 | MXN | 145152042 | Goldman Sachs & Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75021 |
| USD | 11797274 | MXN | 217654597 | State Street Bank & Trust Company | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107573 |
| USD | 4976287 | MYR | 20762561 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15586 |
| USD | 875269 | PHP | 50909997 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8349 |
| USD | 3493554 | PHP | 204041005 | Barclays Bank PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19048 |
| USD | 4168819 | PHP | 243417339 | BNP Paribas SA | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23794 |
| USD | 14156622 | PHP | 808688949 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385887 |
| USD | 10216433 | PLN | 37073659 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179120 |
| USD | 3862434 | PLN | 14043585 | Goldman Sachs & Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60277 |
| USD | 68429858 | PLN | 246050502 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1814208 |
| USD | 17297110 | PLN | 62788304 | UBS AG | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297820 |
| USD | 42149374 | THB | 1332299567 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878144 |
| USD | 10121626 | ZAR | 174814292 | Goldman Sachs & Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53230 |
| USD | 11110118 | ZAR | 190825916 | State Street Bank & Trust Company | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119536 |
| ZAR | 511611554 | USD | 29368362 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97809 |
| ZAR | 102931789 | USD | 5916727 | UBS AG | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11610 |
| COP | 48113574338 | USD | 12428755 | Citibank N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14159 |
| MYR | 22335459 | USD | 5320500 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16064 |
| MYR | 235814708 | USD | 55864774 | Morgan Stanley & Co. International PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477931 |
| PHP | 39016022 | USD | 662400 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1971 |
| THB | 1940630872 | USD | 59399757 | HSBC Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720739 |
| USD | 5992782 | AUD | 9125538 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20387 |
| USD | 508500 | CAD | 710573 | Bank of America N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1275 |
| USD | 5339300 | CAD | 7457048 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16269 |
| USD | 18457692 | EUR | 15831948 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186359 |
| USD | 20038783 | EUR | 17243544 | BNP Paribas SA | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138355 |
| USD | 1758474 | EUR | 1507800 | JPMorgan Chase Bank N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18352 |
| USD | 6981000 | SGD | 9032095 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29923 |
| USD | 664900 | SGD | 860201 | State Street Bank & Trust Company | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2891 |
| USD | 8045120 | ZAR | 139683316 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630 |
| USD | 46262576 | BRL | 249049953 | Citibank N.A. | 12/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303034 |
| NGN | 7915630390 | USD | 5004795 | Citibank N.A. | 12/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502363 |
| NGN | 647400000 | USD | 431600 | Morgan Stanley & Co. International PLC | 12/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18817 |
| ARS | 279840000 | USD | 176000 | Goldman Sachs & Co. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4576 |
| USD | 968587 | ARS | 1452880500 | Citibank N.A. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31067 |
| USD | 879413 | ARS | 1319119500 | Goldman Sachs & Co. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28206 |
| BRL | 132533669 | USD | 23851147 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531808 |
| COP | 8615190083 | USD | 2164931 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56913 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| MXN | 17283844 | USD | 919307 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6825 |
| USD | 1994383 | AUD | 3019000 | Deutsche Bank Securities Inc. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18121 |
| USD | 76701389 | AUD | 114989000 | JPMorgan Chase Bank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1428657 |
| USD | 2314423 | AUD | 3494000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27222 |
| USD | 4012273 | AUD | 6107000 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14581 |
| USD | 14432346 | AUD | 21668000 | State Street Bank & Trust Company | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248298 |
| USD | 7043824 | CHF | 5551078 | BNP Paribas SA | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110865 |
| USD | 515161 | CNH | 3646973 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1676 |
| USD | 480709230 | EUR | 407015237 | Deutsche Bank Securities Inc. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10418517 |
| USD | 42811584 | EUR | 36385000 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770093 |
| USD | 51780310 | EUR | 43921000 | JPMorgan Chase Bank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1031256 |
| USD | 984470142 | EUR | 832595000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22438109 |
| USD | 3372352 | EUR | 2894000 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28445 |
| USD | 128283822 | EUR | 109586633 | State Street Bank & Trust Company | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660612 |
| USD | 14005442 | EUR | 11877000 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282017 |
| USD | 452986482 | GBP | 332598967 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16027397 |
| USD | 1370343 | GBP | 1019000 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31610 |
| USD | 14302423 | GBP | 10635000 | Deutsche Bank Securities Inc. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330462 |
| USD | 4547934 | GBP | 3385000 | Goldman Sachs & Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100817 |
| USD | 20088855 | GBP | 14943000 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457166 |
| USD | 32150966 | GBP | 23880000 | JPMorgan Chase Bank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778100 |
| USD | 9502183 | GBP | 6960000 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358332 |
| USD | 8222049 | GBP | 6195000 | State Street Bank & Trust Company | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83233 |
| USD | 65716 | HUF | 22053941 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345 |
| USD | 6064398 | JPY | 885293000 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295086 |
| USD | 4887669 | SGD | 6216000 | Goldman Sachs & Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96393 |
| USD | 2728946 | SGD | 3500000 | State Street Bank & Trust Company | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31156 |
| ZAR | 1713262 | USD | 97906 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620 |
| ZAR | 1923354 | USD | 109000 | State Street Bank & Trust Company | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1609 |
| EGP | 37438177 | USD | 686184 | Citibank N.A. | 12/22/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91965 |
| EGP | 149752707 | USD | 2670341 | Morgan Stanley & Co. International PLC | 12/22/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442253 |
| TRY | 419344732 | USD | 9456287 | Barclays Bank PLC | 12/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100041 |
| TRY | 4325640 | USD | 98400 | HSBC Bank PLC | 12/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176 |
| TRY | 299584200 | USD | 6800000 | Citibank N.A. | 12/29/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10253 |
| USD | 172489 | EUR | 148000 | Morgan Stanley & Co. International PLC | 01/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1198 |
| USD | 10913448 | EUR | 9337576 | UBS AG | 01/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106418 |
| ARS | 300713500 | USD | 181700 | Goldman Sachs & Co. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5863 |
| USD | 1908060 | ARS | 2976573600 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51494 |
| NGN | 8073970762 | USD | 5436395 | Morgan Stanley & Co. International PLC | 01/30/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86941 |
| USD | 556129858 | EUR | 472473670 | Deutsche Bank Securities Inc. | 03/18/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7639797 |
| USD | 950384436 | EUR | 802000000 | Goldman Sachs & Co. | 03/18/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19350482 |
| USD | 20452712 | BRL | 113578000 | JPMorgan Chase Bank N.A. | 04/02/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55416 |
| USD | 256435561 | EUR | 213457051 | BNP Paribas SA | 09/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6574412 |
| USD | 256431292 | EUR | 213457051 | Deutsche Bank Securities Inc. | 09/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6570142 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109403646 |
| BRL | 277828802 | USD | 51932636 | Citibank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(291115)<br>|
| BRL | 9362137 | USD | 1744851 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4661)<br>|
| BRL | 37888442 | USD | 7076000 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33473)<br>|
| USD | 51599800 | BRL | 277828802 | Citibank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41721)<br>|
| USD | 6971000 | BRL | 38096515 | Goldman Sachs & Co. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (110202)<br>|
| USD | 1738784 | BRL | 9362137 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1406)<br>|
| USD | 7036837 | BRL | 37888442 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5690)<br>|
| USD | 11958215 | BRL | 64343255 | State Street Bank & Trust Company | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1609)<br>|
| USD | 5436395 | NGN | 7870105950 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (79519)<br>|
| EUR | 148000 | USD | 171839 | Morgan Stanley & Co. International PLC | 11/10/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1189)<br>|
| AUD | 304000 | USD | 199322 | UBS AG | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (377)<br>|
| JPY | 42562000 | USD | 284645 | JPMorgan Chase Bank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8045)<br>|

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| MXN | 5876000 | USD | 316198 | Bank of America N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(446)<br>|
| USD | 509559 | PEN | 1780400 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19039)<br>|
| COP | 17230009412 | USD | 4509647 | State Street Bank & Trust Company | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53038)<br>|
| CZK | 443231652 | USD | 21485134 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (480422)<br>|
| EUR | 4615738 | USD | 5348197 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21567)<br>|
| USD | 40078622 | COP | 156240496927 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (333594)<br>|
| USD | 10813510 | COP | 42088126539 | State Street Bank & Trust Company | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (72749)<br>|
| USD | 882086 | HUF | 298046923 | Goldman Sachs & Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2556)<br>|
| USD | 6671654 | IDR | 111093386111 | BNP Paribas SA | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7924)<br>|
| USD | 2016814 | PEN | 6850917 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16890)<br>|
| USD | 8805996 | PEN | 30097702 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (128550)<br>|
| USD | 1110575 | PEN | 3832483 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27103)<br>|
| USD | 8541847 | PEN | 29772607 | JPMorgan Chase Bank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (296194)<br>|
| USD | 2542663 | PHP | 150500220 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20126)<br>|
| USD | 5839701 | THB | 190403443 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58511)<br>|
| USD | 11038470 | THB | 357919624 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (48964)<br>|
| USD | 5515891 | THB | 178811387 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23228)<br>|
| USD | 2187476 | THB | 71683593 | HSBC Bank PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33098)<br>|
| USD | 137049 | TRY | 5996343 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3196)<br>|
| USD | 188836 | TRY | 8091348 | HSBC Bank PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (407)<br>|
| USD | 1825859 | UYU | 73434215 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12985)<br>|
| USD | 492407 | UYU | 19726349 | HSBC Bank PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1555)<br>|
| USD | 116364435 | ZAR | 2032281588 | Deutsche Bank Securities Inc. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (684440)<br>|
| CHF | 3966136 | USD | 4999160 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58057)<br>|
| CHF | 377416 | USD | 476100 | Morgan Stanley & Co. International PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5906)<br>|
| CLP | 12941966772 | USD | 13750400 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17347)<br>|
| CNH | 254583478 | USD | 35885506 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (91543)<br>|
| CNH | 24248927 | USD | 3417700 | State Street Bank & Trust Company | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8346)<br>|
| COP | 4564347200 | USD | 1183700 | Societe Generale | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3289)<br>|
| CZK | 61236823 | USD | 2934500 | Morgan Stanley & Co. International PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32434)<br>|
| CZK | 643644764 | USD | 30812675 | Societe Generale | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (309794)<br>|
| EUR | 437300 | HUF | 170523430 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1423)<br>|
| EUR | 4592000 | HUF | 1793636256 | JPMorgan Chase Bank N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23860)<br>|
| EUR | 6263000 | USD | 7252554 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24551)<br>|
| HUF | 6796831456 | USD | 20285283 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (112732)<br>|
| HUF | 645610070 | USD | 1931900 | Morgan Stanley & Co. International PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15772)<br>|
| IDR | 79969752000 | USD | 4810500 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2406)<br>|
| IDR | 839411569395 | USD | 50510670 | Citibank N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41964)<br>|
| INR | 496477168 | USD | 5618800 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32559)<br>|
| INR | 5189705659 | USD | 58997393 | Citibank N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (604080)<br>|
| JPY | 1157833191 | USD | 7594964 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65902)<br>|
| MXN | 99358174 | USD | 5385400 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (49676)<br>|
| MXN | 1043979542 | USD | 56546253 | HSBC Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (482550)<br>|
| PHP | 408216770 | USD | 6955000 | Societe Generale | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3822)<br>|
| PLN | 97020985 | USD | 26663207 | HSBC Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (395981)<br>|
| PLN | 9231890 | USD | 2539400 | Morgan Stanley & Co. International PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39981)<br>|
| RON | 32882899 | USD | 7517724 | Goldman Sachs & Co. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (72431)<br>|
| RON | 3129204 | USD | 716000 | JPMorgan Chase Bank N.A. | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7491)<br>|
| ZAR | 554105112 | USD | 32146821 | Barclays Bank PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (235401)<br>|
| ZAR | 52853182 | USD | 3061600 | Morgan Stanley & Co. International PLC | 11/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17737)<br>|
| BRL | 49126028 | USD | 9105000 | HSBC Bank PLC | 12/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39310)<br>|
| BRL | 4505679 | USD | 834515 | JPMorgan Chase Bank N.A. | 12/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3039)<br>|
| ARS | 1348480000 | USD | 896000 | Citibank N.A. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25847)<br>|
| ARS | 4141200000 | USD | 2800000 | Goldman Sachs & Co. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (127750)<br>|
| USD | 1891180 | ARS | 2997520000 | Citibank N.A. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (43072)<br>|
| AUD | 703609 | USD | 467516 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6928)<br>|
| EUR | 67340000 | USD | 78644157 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (835334)<br>|

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| IDR | 23292661387 | USD | 1408765 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(9218)<br>|
| IDR | 19688465000 | USD | 1192951 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9963)<br>|
| INR | 124795067 | USD | 1408765 | Goldman Sachs & Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6290)<br>|
| JPY | 96740430 | USD | 660125 | State Street Bank & Trust Company | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29683)<br>|
| USD | 1781510 | AUD | 2745000 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15389)<br>|
| USD | 24931140 | BRL | 137808336 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (422225)<br>|
| USD | 107185 | MXN | 2000650 | Goldman Sachs & Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18)<br>|
| USD | 7454620 | TRY | 332991178 | Barclays Bank PLC | 12/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (133822)<br>|
| EUR | 395089 | USD | 462573 | Barclays Bank PLC | 01/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5309)<br>|
| ARS | 6021957510 | USD | 4015120 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (259068)<br>|
| USD | 27591105 | BRL | 154226000 | Deutsche Bank Securities Inc. | 04/02/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (106102)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7760991)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $101642655 |

---

**OTC Credit Default Swaptions Purchased** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | *Paid by the Fund* | *Received by the Fund* |  |  | Expiration | Credit | Exercise | Notional | Notional |  |
| *Description* | *Rate/Reference* | *Rate/Reference* | *Frequency* | *Counterparty* | *Date* | *Rating* | *Price* | *Amount (000)* | *Amount (000)* | *Value* |
| Put |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bought Protection on 5-Year Credit <br> Default Swap, 12/20/30<br>| 5.00% | CDX.NA.HY.45.V1 | Quarterly | Bank of America N.A. | 11/19/25 |  | USD 1.05 | USD | 135000 | $164124 |

---

**Exchange-Traded Options Written** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| *Expiration* <br>*Date*<br>| *Exercise* <br>*Price* | *Exercise* <br>*Price* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 34139 | &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; USD | 81.00 | USD | 275843 | &nbsp;&nbsp; $(938822)<br>|
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; USD | 82.00 | USD | 117160 | &nbsp;&nbsp; (159500)<br>|
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 31038 | &nbsp;&nbsp; 01/16/26 | &nbsp;&nbsp; USD | 82.00 | USD | 250787 | &nbsp;&nbsp; (372456)<br>|
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 4150 | &nbsp;&nbsp; 02/20/26 | &nbsp;&nbsp; USD | 82.00 | USD | 33532 | &nbsp;&nbsp; (62250)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; (1533028)<br>|
| Put |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 16677 | &nbsp;&nbsp; 01/16/26 | &nbsp;&nbsp; USD | 79.00 | USD | 134750 | &nbsp;&nbsp; (800496)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $**(2333524**)<br>|

---

**OTC Interest Rate Swaptions Written** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Paid by the Fund* | *Paid by the Fund* | *Received by the Fund* | *Received by the Fund* | *Counterparty* | *Expiration* | *Exercise* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration* | *Exercise* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* |
| Call |  |  |  |  |  |  |  |  |  |  |
| 5-Year Interest Rate Swap, 11/20/30 | 3.10% | Annual | 1-day SOFR, <br> 4.22%<br>| Annual | JPMorgan Chase <br> Bank N.A.<br>| 11/18/25 | 3.10 | USD | 163605 | $(23448)<br>|
| 5-Year Interest Rate Swap, 11/23/30 | 3.07% | Annual | 1-day SOFR, <br> 4.22%<br>| Annual | Goldman Sachs Inter-<br> national<br>| 11/21/25 | 3.07 | USD | 249337 | (38882)<br>|
| 30-Year Interest Rate Swap, 11/28/55 | 3.15% | Annual | 1-day SOFR, <br> 4.22%<br>| Annual | Goldman Sachs Inter-<br> national<br>| 11/26/25 | 3.15 | USD | 70790 | (413)<br>|
| 10-Year Interest Rate Swap, 12/18/35 | 3.38% | Annual | 1-day SOFR, <br> 4.22%<br>| Annual | Citibank N.A. | 12/16/25 | 3.38 | USD | 52465 | (76152)<br>|
| 10-Year Interest Rate Swap, 01/16/36 | 3.20% | Annual | 1-day SOFR, <br> 4.22%<br>| Annual | Goldman Sachs Inter-<br> national<br>| 01/14/26 | 3.20 | USD | 149145 | (192949)<br>|
| 10-Year Interest Rate Swap, 04/30/36 | 3.27% | Annual | 1-day SOFR, <br> 4.22%<br>| Annual | Bank of America N.A. | 04/28/26 | 3.27 | USD | 54278 | (316844)<br>|
|  |  |  |  |  |  |  |  |  |  | $(648688)<br>|

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Centrally Cleared Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | &nbsp;&nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.HY.44.V1 | 5.00<br> %<br>| Quarterly | 06/20/30 | USD | 14207 | $(1152023) | $(921485) | $(230538) |
| iTraxx.XO.43.V1 | 5.00 | Quarterly | 06/20/30 | EUR | 2576 | (326025) | (168318) | (157707) |
|  |  |  |  |  |  | $(1478048) | $(1089803) | $(388245) |

---

**Centrally Cleared Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Credit* <br>*Rating*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | &nbsp;&nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| iTraxx.XO.42.V2 | 5.00<br> %<br>| Quarterly | 12/20/29 | BB- | EUR | 53732 | $6371474 | $4209808 | $2161666 |

---

**Centrally Cleared Interest Rate Swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Effective* <br>*Date* | *Termination* <br>*Date* |  | *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective* <br>*Date* | *Termination* <br>*Date* |  | *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| 14.89% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | N/A | &nbsp;&nbsp; 01/02/26 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 11439 | &nbsp;&nbsp; $83 | &nbsp;&nbsp; $2 | &nbsp;&nbsp; $81 |
| 14.89% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | N/A | &nbsp;&nbsp; 01/02/26 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 1751 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7 |
| 14.89% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | N/A | &nbsp;&nbsp; 01/02/26 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 12338 | &nbsp;&nbsp; 86 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 84 |
| 14.89% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | N/A | &nbsp;&nbsp; 01/02/26 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 2351 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5 |
| 14.89% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | N/A | &nbsp;&nbsp; 01/02/26 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 33601 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 55 |
| 14.90% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | N/A | &nbsp;&nbsp; 01/02/26 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 13141 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.79% | Monthly | N/A | &nbsp;&nbsp; 02/25/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 135515 | &nbsp;&nbsp; 15796 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 15790 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 8.47% | Monthly | N/A | &nbsp;&nbsp; 02/25/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 338686 | &nbsp;&nbsp; 87472 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 87463 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.73% | Monthly | N/A | &nbsp;&nbsp; 05/11/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 93108 | &nbsp;&nbsp; 17455 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 17450 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.73% | Monthly | N/A | &nbsp;&nbsp; 05/11/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 232698 | &nbsp;&nbsp; 43322 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 43311 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.66% | Monthly | N/A | &nbsp;&nbsp; 06/01/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 116342 | &nbsp;&nbsp; 22271 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 22265 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.72% | Monthly | N/A | &nbsp;&nbsp; 06/01/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 46551 | &nbsp;&nbsp; 9757 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 9753 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.69% | Monthly | N/A | &nbsp;&nbsp; 06/26/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 31945 | &nbsp;&nbsp; 7291 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 7288 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.49% | Monthly | N/A | &nbsp;&nbsp; 08/04/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 63784 | &nbsp;&nbsp; 11956 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 11952 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.31% | Monthly | N/A | &nbsp;&nbsp; 08/26/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 75922 | &nbsp;&nbsp; 9442 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 9436 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.30% | Monthly | N/A | &nbsp;&nbsp; 08/27/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 11621 | &nbsp;&nbsp; 1404 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1402 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.29% | Monthly | N/A | &nbsp;&nbsp; 08/31/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 81893 | &nbsp;&nbsp; $9646 | &nbsp;&nbsp; $7 | &nbsp;&nbsp; $9639 |
| 6.80% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/05/26 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 40192 | &nbsp;&nbsp; 356 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 349 |
| 4.18% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 2348 | &nbsp;&nbsp; 370 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 368 |
| 4.19% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 15339 | &nbsp;&nbsp; 2409 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 2397 |
| 4.21% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 25718 | &nbsp;&nbsp; (38560)<br>| &nbsp;&nbsp; 19 | &nbsp;&nbsp; (38579)<br>|
| 4.22% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 12887 | &nbsp;&nbsp; 839 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 829 |
| 4.27% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 16545 | &nbsp;&nbsp; (1065)<br>| &nbsp;&nbsp; 13 | &nbsp;&nbsp; (1078)<br>|
| 4.31% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 12858 | &nbsp;&nbsp; (1030)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; (1039)<br>|
| 6.81% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 140092 | &nbsp;&nbsp; (1347)<br>| &nbsp;&nbsp; 22 | &nbsp;&nbsp; (1369)<br>|
| 6.81% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 21443 | &nbsp;&nbsp; (186)<br>| &nbsp;&nbsp; 3 | &nbsp;&nbsp; (189)<br>|
| 6.82% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 151111 | &nbsp;&nbsp; (1732)<br>| &nbsp;&nbsp; 24 | &nbsp;&nbsp; (1756)<br>|
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.16% | Monthly | N/A | &nbsp;&nbsp; 09/17/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 15605 | &nbsp;&nbsp; 994 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 992 |
| 3.43% | Annual | &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | N/A | &nbsp;&nbsp; 10/03/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 440391 | &nbsp;&nbsp; 4718 | &nbsp;&nbsp; 435673 |
| 7.02% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 10/05/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 72915 | &nbsp;&nbsp; 1059 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 1053 |
| 6.96% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 10/19/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 310096 | &nbsp;&nbsp; 9348 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 9319 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| At Termination | 4.17% | At Termination | N/A | &nbsp;&nbsp; 10/23/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1786 | &nbsp;&nbsp; 9003 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 9000 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| At Termination | 4.21% | At Termination | N/A | &nbsp;&nbsp; 10/27/26 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 3655 | &nbsp;&nbsp; 20365 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 20359 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 6.92% | Monthly | N/A | &nbsp;&nbsp; 10/28/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 117490 | &nbsp;&nbsp; (5068)<br>| &nbsp;&nbsp; 12 | &nbsp;&nbsp; (5080)<br>|
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.62% | Monthly | N/A | &nbsp;&nbsp; 11/18/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 24901 | &nbsp;&nbsp; 8649 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 8645 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 9.26% | Monthly | N/A | &nbsp;&nbsp; 11/18/26 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 62232 | &nbsp;&nbsp; 78838 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 78831 |
| 3.91% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/26 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 31172 | &nbsp;&nbsp; 2120 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 2092 |
| 6.64% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/26 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 675143 | &nbsp;&nbsp; 13192 | &nbsp;&nbsp; 126 | &nbsp;&nbsp; 13066 |
| 6.66% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/26 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 77713 | &nbsp;&nbsp; 736 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 722 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.80% | At Termination | N/A | &nbsp;&nbsp; 01/04/27 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 36673 | &nbsp;&nbsp; (4207)<br>| &nbsp;&nbsp; 30 | &nbsp;&nbsp; (4237)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.91% | At Termination | N/A | &nbsp;&nbsp; 01/04/27 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 4646 | &nbsp;&nbsp; (971)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; (975)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.94% | At Termination | N/A | &nbsp;&nbsp; 01/04/27 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 711 | &nbsp;&nbsp; (87)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; (88)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 14.00% | At Termination | N/A | &nbsp;&nbsp; 01/04/27 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 33233 | &nbsp;&nbsp; 7587 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 7560 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 14.11% | At Termination | N/A | &nbsp;&nbsp; 01/04/27 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 5337 | &nbsp;&nbsp; $2169 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $2164 |
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.50% | Annual | N/A | &nbsp;&nbsp; 03/19/27 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 817826 | &nbsp;&nbsp; 79227 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 79221 |
| 3.96% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 3271 | &nbsp;&nbsp; 1062 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1059 |
| 3.97% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 35825 | &nbsp;&nbsp; 10401 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 10359 |
| 3.99% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 21367 | &nbsp;&nbsp; 4006 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 3981 |
| 4.03% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 17951 | &nbsp;&nbsp; (326)<br>| &nbsp;&nbsp; 21 | &nbsp;&nbsp; (347)<br>|
| 4.04% | Annual | &nbsp;&nbsp;&nbsp; 3-mo. WIBOR, <br> 4.46%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 9266 | &nbsp;&nbsp; (3139)<br>| &nbsp;&nbsp; (552)<br>| &nbsp;&nbsp; (2587)<br>|
| 4.05% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 17911 | &nbsp;&nbsp; (1918)<br>| &nbsp;&nbsp; 22 | &nbsp;&nbsp; (1940)<br>|
| 6.72% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 31548 | &nbsp;&nbsp; (2838)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; (2847)<br>|
| 6.72% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 4829 | &nbsp;&nbsp; (431)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; (432)<br>|
| 6.72% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | N/A | &nbsp;&nbsp; 09/17/27 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 34030 | &nbsp;&nbsp; (3054)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; (3063)<br>|
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 4.20% | Annual | N/A | &nbsp;&nbsp; 10/23/27 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 930 | &nbsp;&nbsp; 14206 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 14202 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.92% | Annual | N/A | &nbsp;&nbsp; 11/03/27 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 479 | &nbsp;&nbsp; 4887 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 4885 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.95% | Annual | N/A | &nbsp;&nbsp; 11/03/27 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 479 | &nbsp;&nbsp; 5164 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 5161 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.99% | Annual | N/A | &nbsp;&nbsp; 11/03/27 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 957 | &nbsp;&nbsp; 10972 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 10968 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.84% | Annual | 11/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 11/17/27 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 2226 | &nbsp;&nbsp; 20103 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 20093 |
| 3.90% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 52561 | &nbsp;&nbsp; (5873)<br>| &nbsp;&nbsp; 69 | &nbsp;&nbsp; (5942)<br>|
| 3.90% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 20779 | &nbsp;&nbsp; (1847)<br>| &nbsp;&nbsp; 27 | &nbsp;&nbsp; (1874)<br>|
| 4.02% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 22364 | &nbsp;&nbsp; (15962)<br>| &nbsp;&nbsp; 29 | &nbsp;&nbsp; (15991)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.15% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 1407861 | &nbsp;&nbsp; (7526)<br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; (7546)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.17% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 8131720 | &nbsp;&nbsp; (30515)<br>| &nbsp;&nbsp; 115 | &nbsp;&nbsp; (30630)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.18% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 1192205 | &nbsp;&nbsp; (4139)<br>| &nbsp;&nbsp; 17 | &nbsp;&nbsp; (4156)<br>|
| 6.42% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2026<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 39223 | &nbsp;&nbsp; 1232 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1225 |
| 6.53% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 186800 | &nbsp;&nbsp; 9702 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 9651 |
| 6.55% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/27 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 29606 | &nbsp;&nbsp; 969 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 961 |
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 5.55% | Semi-Annual | N/A | &nbsp;&nbsp; 09/17/28 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 52234 | &nbsp;&nbsp; 859 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 854 |
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 5.55% | Semi-Annual | N/A | &nbsp;&nbsp; 09/17/28 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 365906 | &nbsp;&nbsp; 6583 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 6543 |
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 5.58% | Semi-Annual | N/A | &nbsp;&nbsp; 09/17/28 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 284868 | &nbsp;&nbsp; 7186 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 7155 |
| &nbsp;&nbsp;&nbsp; China Fixing Repo <br> Rates 7-day, <br> 1.50%<br>| Quarterly | 1.51% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; CNY | &nbsp;&nbsp; 25007 | &nbsp;&nbsp; (879)<br>| &nbsp;&nbsp; 34 | &nbsp;&nbsp; (913)<br>|
| &nbsp;&nbsp;&nbsp; China Fixing Repo <br> Rates 7-day, <br> 1.50%<br>| Quarterly | 1.59% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; CNY | &nbsp;&nbsp; 217444 | &nbsp;&nbsp; 63851 | &nbsp;&nbsp; 299 | &nbsp;&nbsp; 63552 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| &nbsp;&nbsp;&nbsp; 3-mo. KRW CDC, <br> 2.55%<br>| Quarterly | 2.51% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; KRW | &nbsp;&nbsp; 69857228 | &nbsp;&nbsp; $(234535)<br>| &nbsp;&nbsp; $482 | &nbsp;&nbsp; $(235017)<br>|
| &nbsp;&nbsp;&nbsp; 3-mo. KRW CDC, <br> 2.55%<br>| Quarterly | 2.57% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; KRW | &nbsp;&nbsp; 11373888 | &nbsp;&nbsp; (24106)<br>| &nbsp;&nbsp; 78 | &nbsp;&nbsp; (24184)<br>|
| &nbsp;&nbsp;&nbsp; 3-mo. KRW CDC, <br> 2.55%<br>| Quarterly | 2.61% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; KRW | &nbsp;&nbsp; 9341818 | &nbsp;&nbsp; (12785)<br>| &nbsp;&nbsp; 64 | &nbsp;&nbsp; (12849)<br>|
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 5.42% | Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 2453884 | &nbsp;&nbsp; (70121)<br>| &nbsp;&nbsp; 273 | &nbsp;&nbsp; (70394)<br>|
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 5.45% | Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 478088 | &nbsp;&nbsp; (9456)<br>| &nbsp;&nbsp; 53 | &nbsp;&nbsp; (9509)<br>|
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 5.48% | Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/28 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 418034 | &nbsp;&nbsp; (3387)<br>| &nbsp;&nbsp; 46 | &nbsp;&nbsp; (3433)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.11% | At Termination | N/A | &nbsp;&nbsp; 01/02/29 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 10990 | &nbsp;&nbsp; (968)<br>| &nbsp;&nbsp; 19 | &nbsp;&nbsp; (987)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.12% | At Termination | N/A | &nbsp;&nbsp; 01/02/29 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 209073 | &nbsp;&nbsp; 711 | &nbsp;&nbsp; 208362 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.15% | At Termination | N/A | &nbsp;&nbsp; 01/02/29 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 1682 | &nbsp;&nbsp; 289 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 286 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.23% | At Termination | N/A | &nbsp;&nbsp; 01/02/29 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 148969 | &nbsp;&nbsp; 153599 | &nbsp;&nbsp; 255 | &nbsp;&nbsp; 153344 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.39% | At Termination | N/A | &nbsp;&nbsp; 01/02/29 | &nbsp;&nbsp; BRL | &nbsp;&nbsp; 28819 | &nbsp;&nbsp; 54328 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 54278 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.77% | Monthly | N/A | &nbsp;&nbsp; 11/14/29 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 11015 | &nbsp;&nbsp; 12103 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 12097 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 9.04% | Monthly | N/A | &nbsp;&nbsp; 11/14/29 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 129270 | &nbsp;&nbsp; 455453 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 455405 |
| 7.78% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 12/14/29 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 13457 | &nbsp;&nbsp; (15007)<br>| &nbsp;&nbsp; 7 | &nbsp;&nbsp; (15014)<br>|
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 6.12% | Semi-Annual | N/A | &nbsp;&nbsp; 12/18/29 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 560722 | &nbsp;&nbsp; 133077 | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 133003 |
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 6.12% | Semi-Annual | N/A | &nbsp;&nbsp; 12/18/29 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 560722 | &nbsp;&nbsp; 131319 | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 131245 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.18% | Annual | N/A | &nbsp;&nbsp; 01/31/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1424 | &nbsp;&nbsp; (370)<br>| &nbsp;&nbsp; 93 | &nbsp;&nbsp; (463)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.21% | Annual | N/A | &nbsp;&nbsp; 01/31/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1074 | &nbsp;&nbsp; (730)<br>| &nbsp;&nbsp; (556)<br>| &nbsp;&nbsp; (174)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.21% | Annual | N/A | &nbsp;&nbsp; 01/31/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 4281 | &nbsp;&nbsp; 970 | &nbsp;&nbsp; 734 | &nbsp;&nbsp; 236 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.29% | Annual | N/A | &nbsp;&nbsp; 01/31/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 2144 | &nbsp;&nbsp; 2667 | &nbsp;&nbsp; (194)<br>| &nbsp;&nbsp; 2861 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.42% | Annual | N/A | &nbsp;&nbsp; 01/31/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1418 | &nbsp;&nbsp; 29391 | &nbsp;&nbsp; 350 | &nbsp;&nbsp; 29041 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.63% | Annual | N/A | &nbsp;&nbsp; 01/31/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 4279 | &nbsp;&nbsp; 103650 | &nbsp;&nbsp; 87476 | &nbsp;&nbsp; 16174 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.18% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 715 | &nbsp;&nbsp; (13)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (13)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.27% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 2753 | &nbsp;&nbsp; (722)<br>| &nbsp;&nbsp; 678 | &nbsp;&nbsp; (1400)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.28% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 3148 | &nbsp;&nbsp; (991)<br>| &nbsp;&nbsp; 518 | &nbsp;&nbsp; (1509)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.29% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 391 | &nbsp;&nbsp; 345 | &nbsp;&nbsp; (60)<br>| &nbsp;&nbsp; 405 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.31% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 856 | &nbsp;&nbsp; (114)<br>| &nbsp;&nbsp; 970 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.33% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 2552 | &nbsp;&nbsp; 7051 | &nbsp;&nbsp; 2526 | &nbsp;&nbsp; 4525 |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.33% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 2932 | &nbsp;&nbsp; 8124 | &nbsp;&nbsp; (1685)<br>| &nbsp;&nbsp; 9809 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.43% | Annual | N/A | &nbsp;&nbsp; 02/03/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 2861 | &nbsp;&nbsp; $61868 | &nbsp;&nbsp; $6138 | &nbsp;&nbsp; $55730 |
| 8.65% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 02/07/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 41509 | &nbsp;&nbsp; (118833)<br>| &nbsp;&nbsp; 16 | &nbsp;&nbsp; (118849)<br>|
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.92% | Annual | N/A | &nbsp;&nbsp; 02/26/30 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 1857504 | &nbsp;&nbsp; 826 | &nbsp;&nbsp; 1856678 |
| &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 4.94% | Annual | N/A | &nbsp;&nbsp; 03/19/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 8371 | &nbsp;&nbsp; 140451 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 140430 |
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.55% | Annual | N/A | &nbsp;&nbsp; 03/19/30 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 336357 | &nbsp;&nbsp; 42373 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 42366 |
| 7.82% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 05/06/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 16609 | &nbsp;&nbsp; (19855)<br>| &nbsp;&nbsp; 8 | &nbsp;&nbsp; (19863)<br>|
| 7.82% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 05/27/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 8914 | &nbsp;&nbsp; (10774)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; (10779)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. EURIBOR, <br> 2.14%<br>| Semi-Annual | 2.20% | Annual | N/A | &nbsp;&nbsp; 06/04/30 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 17391 | &nbsp;&nbsp; (82498)<br>| &nbsp;&nbsp; 180 | &nbsp;&nbsp; (82678)<br>|
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.82% | Monthly | N/A | &nbsp;&nbsp; 06/07/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 49435 | &nbsp;&nbsp; 59808 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 59785 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.82% | Monthly | N/A | &nbsp;&nbsp; 06/07/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 19780 | &nbsp;&nbsp; 23951 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 23942 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.72% | Monthly | N/A | &nbsp;&nbsp; 06/24/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 47541 | &nbsp;&nbsp; 47257 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 47235 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.67% | Monthly | N/A | &nbsp;&nbsp; 07/30/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 35820 | &nbsp;&nbsp; 31497 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 31481 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.69% | Monthly | N/A | &nbsp;&nbsp; 07/30/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 312988 | &nbsp;&nbsp; 288856 | &nbsp;&nbsp; 146 | &nbsp;&nbsp; 288710 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.51% | Monthly | N/A | &nbsp;&nbsp; 08/21/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 42637 | &nbsp;&nbsp; 22291 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22271 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.49% | Monthly | N/A | &nbsp;&nbsp; 08/22/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 6526 | &nbsp;&nbsp; 3049 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3046 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.46% | Monthly | N/A | &nbsp;&nbsp; 08/26/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 45990 | &nbsp;&nbsp; 18898 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 18876 |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.28% | Monthly | N/A | &nbsp;&nbsp; 09/12/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 8763 | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp; 6-mo. PRIBOR, <br> 3.54%<br>| Semi-Annual | 3.81% | Annual | N/A | &nbsp;&nbsp; 09/17/30 | &nbsp;&nbsp; CZK | &nbsp;&nbsp; 69381 | &nbsp;&nbsp; (9035)<br>| &nbsp;&nbsp; 35 | &nbsp;&nbsp; (9070)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 4.23% | Annual | N/A | &nbsp;&nbsp; 09/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 4166 | &nbsp;&nbsp; 9191 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 9179 |
| &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 4.33% | Annual | N/A | &nbsp;&nbsp; 09/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 16603 | &nbsp;&nbsp; 57512 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 57464 |
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.27% | Annual | N/A | &nbsp;&nbsp; 09/17/30 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 168542 | &nbsp;&nbsp; (427)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; (432)<br>|
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.29% | Monthly | N/A | &nbsp;&nbsp; 10/03/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 48982 | &nbsp;&nbsp; 291 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 267 |
| 7.16% | Monthly | &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | N/A | &nbsp;&nbsp; 10/14/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 109946 | &nbsp;&nbsp; 31920 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 31865 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Effective*<br> *Date* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| &nbsp;&nbsp;&nbsp; 1-day <br> TIIEFONDEO, <br> 7.61%<br>| Monthly | 7.18% | Monthly | N/A | &nbsp;&nbsp; 10/23/30 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 53705 | &nbsp;&nbsp; $(13359)<br>| &nbsp;&nbsp; $27 | &nbsp;&nbsp; $(13386)<br>|
| &nbsp;&nbsp;&nbsp; China Fixing Repo <br> Rates 7-day, <br> 1.50%<br>| Quarterly | 1.56% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CNY | &nbsp;&nbsp; 17672 | &nbsp;&nbsp; 296 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 268 |
| &nbsp;&nbsp;&nbsp; China Fixing Repo <br> Rates 7-day, <br> 1.50%<br>| Quarterly | 1.58% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CNY | &nbsp;&nbsp; 133329 | &nbsp;&nbsp; 19715 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 19506 |
| &nbsp;&nbsp;&nbsp; China Fixing Repo <br> Rates 7-day, <br> 1.50%<br>| Quarterly | 1.65% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CNY | &nbsp;&nbsp; 20337 | &nbsp;&nbsp; 12306 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 12274 |
| &nbsp;&nbsp;&nbsp; 6-mo. PRIBOR, <br> 3.54%<br>| Semi-Annual | 3.79% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CZK | &nbsp;&nbsp; 518746 | &nbsp;&nbsp; (133957)<br>| &nbsp;&nbsp; 277 | &nbsp;&nbsp; (134234)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. PRIBOR, <br> 3.54%<br>| Semi-Annual | 3.82% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CZK | &nbsp;&nbsp; 145157 | &nbsp;&nbsp; (28019)<br>| &nbsp;&nbsp; 78 | &nbsp;&nbsp; (28097)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. PRIBOR, <br> 3.54%<br>| Semi-Annual | 3.90% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CZK | &nbsp;&nbsp; 145477 | &nbsp;&nbsp; (1047)<br>| &nbsp;&nbsp; 78 | &nbsp;&nbsp; (1125)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. PRIBOR, <br> 3.54%<br>| Semi-Annual | 3.91% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; CZK | &nbsp;&nbsp; 438387 | &nbsp;&nbsp; 3516 | &nbsp;&nbsp; 237 | &nbsp;&nbsp; 3279 |
| &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 4.02% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 3231 | &nbsp;&nbsp; 311 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 301 |
| &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 4.04% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 69348 | &nbsp;&nbsp; 27407 | &nbsp;&nbsp; 212 | &nbsp;&nbsp; 27195 |
| 4.08% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 23237 | &nbsp;&nbsp; (20297)<br>| &nbsp;&nbsp; 72 | &nbsp;&nbsp; (20369)<br>|
| 4.08% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 23589 | &nbsp;&nbsp; (21169)<br>| &nbsp;&nbsp; 72 | &nbsp;&nbsp; (21241)<br>|
| 4.10% | Annual | &nbsp;&nbsp;&nbsp; 6-mo. WIBOR, <br> 4.30%<br>| Semi-Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; PLN | &nbsp;&nbsp; 23589 | &nbsp;&nbsp; (25399)<br>| &nbsp;&nbsp; 73 | &nbsp;&nbsp; (25472)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.23% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 225516 | &nbsp;&nbsp; (1445)<br>| &nbsp;&nbsp; 7 | &nbsp;&nbsp; (1452)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.24% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 224158 | &nbsp;&nbsp; (1236)<br>| &nbsp;&nbsp; 7 | &nbsp;&nbsp; (1243)<br>|
| &nbsp;&nbsp;&nbsp; 6-mo. BUBOR, <br> 6.48%<br>| Semi-Annual | 6.26% | Annual | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; HUF | &nbsp;&nbsp; 1216984 | &nbsp;&nbsp; (3909)<br>| &nbsp;&nbsp; 40 | &nbsp;&nbsp; (3949)<br>|
| 6.86% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 99804 | &nbsp;&nbsp; 15294 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 15229 |
| 6.88% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 770712 | &nbsp;&nbsp; 76523 | &nbsp;&nbsp; 496 | &nbsp;&nbsp; 76027 |
| 7.04% | Quarterly | &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 96345 | &nbsp;&nbsp; (27544)<br>| &nbsp;&nbsp; 62 | &nbsp;&nbsp; (27606)<br>|
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.88% | Annual | N/A | &nbsp;&nbsp; 04/01/31 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 387388 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 387187 |
| &nbsp;&nbsp;&nbsp; 1-day MIBOR, <br> 5.69%<br>| Semi-Annual | 6.44% | Semi-Annual | N/A | &nbsp;&nbsp; 09/18/34 | &nbsp;&nbsp; INR | &nbsp;&nbsp; 379219 | &nbsp;&nbsp; 174050 | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 173968 |
| &nbsp;&nbsp;&nbsp; 1-day SOFR, <br> 4.22%<br>| Annual | 3.70% | Annual | N/A | &nbsp;&nbsp; 01/06/35 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 34657 | &nbsp;&nbsp; (25678)<br>| &nbsp;&nbsp; 533 | &nbsp;&nbsp; (26211)<br>|
| 1.49% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day THOR, <br> 1.49%<br>| Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/35 | &nbsp;&nbsp; THB | &nbsp;&nbsp; 50085 | &nbsp;&nbsp; 23620 | &nbsp;&nbsp; 18132 | &nbsp;&nbsp; 5488 |
| &nbsp;&nbsp;&nbsp; 1-day THOR, <br> 1.49%<br>| Quarterly | 1.59% | Quarterly | 12/17/2025<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/17/35 | &nbsp;&nbsp; THB | &nbsp;&nbsp; 50085 | &nbsp;&nbsp; (8871)<br>| &nbsp;&nbsp; 27 | &nbsp;&nbsp; (8898)<br>|
| &nbsp;&nbsp;&nbsp; 3-mo. JIBAR, <br> 6.97%<br>| Quarterly | 9.41% | Quarterly | 12/18/2030<sup>(a)</sup> <br>| &nbsp;&nbsp; 12/18/35 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp; 25646 | &nbsp;&nbsp; 5348 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 5327 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $4760509 | &nbsp;&nbsp; $126307 | &nbsp;&nbsp; $4634202 |

---

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

<sup>(a)</sup> Forward Swap.

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**OTC Interest Rate Swaps** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Counterparty* | *Effective* <br>*Date* | *Termination* <br>*Date* |  | *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Effective* <br>*Date* | *Termination* <br>*Date* |  | *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| 14.74% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | Barclays Bank PLC | N/A | 01/02/26 | BRL | $9589 | $1331 | $— | $1331 |
| 14.79% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | Barclays Bank PLC | N/A | 01/02/26 | BRL | 19179 | 1511 |  | 1511 |
| 14.87% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | &nbsp;&nbsp;&nbsp; Bank of America <br> N.A.<br>| N/A | 01/02/26 | BRL | 19184 | 533 |  | 533 |
| 8.07% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Barclays Bank PLC | N/A | 09/17/26 | COP | 1912726 | 5852 |  | 5852 |
| 8.40% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Barclays Bank PLC | N/A | 09/17/26 | COP | 956306 | 2159 |  | 2159 |
| 8.61% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Barclays Bank PLC | N/A | 09/17/26 | COP | 1913281 | 3342 |  | 3342 |
| 8.64% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Barclays Bank PLC | N/A | 09/17/26 | COP | 958429 | 1616 |  | 1616 |
| 8.69% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Barclays Bank PLC | N/A | 09/17/26 | COP | 480012 | 745 |  | 745 |
| 8.73% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | &nbsp;&nbsp;&nbsp; Morgan Stanley & <br> Co. International <br> PLC<br>| N/A | 09/17/26 | COP | 1140814 | 1660 |  | 1660 |
| 8.75% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Citibank N.A. | N/A | 09/17/26 | COP | 174620 | 248 |  | 248 |
| 8.78% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | Citibank N.A. | N/A | 09/17/26 | COP | 1230540 | 1641 |  | 1641 |
| 8.80% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | &nbsp;&nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| N/A | 09/17/26 | COP | 234476 | 304 |  | 304 |
| 7.25% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Barclays Bank PLC | N/A | 09/25/26 | COP | 1912726 | 8531 |  | 8531 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.42% | At Termination | &nbsp;&nbsp;&nbsp; Morgan Stanley & <br> Co. International <br> PLC<br>| N/A | 01/04/27 | BRL | 2103 | (3653)<br>|  | (3653)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.17% | At Termination | Barclays Bank PLC | N/A | 01/04/27 | BRL | 3903 | 1254 |  | 1254 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.20% | At Termination | Barclays Bank PLC | N/A | 01/04/27 | BRL | 1955 | 528 |  | 528 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 14.58% | At Termination | &nbsp;&nbsp;&nbsp; Bank of America <br> N.A.<br>| N/A | 01/04/27 | BRL | 2841 | 4556 |  | 4556 |
| &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | 9.08% | At Termination | Barclays Bank PLC | 12/16/2026 <br><sup>(a)</sup><br>| 12/16/27 | COP | 12571521 | (7712)<br>|  | (7712)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.31% | At Termination | Barclays Bank PLC | N/A | 01/02/29 | BRL | 4624 | 3013 |  | 3013 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.33% | At Termination | Barclays Bank PLC | N/A | 01/02/29 | BRL | 8079 | 3812 |  | 3812 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.34% | At Termination | Barclays Bank PLC | N/A | 01/02/29 | BRL | 25866 | 20451 |  | 20451 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.34% | At Termination | Barclays Bank PLC | N/A | 01/02/29 | BRL | 9233 | 10082 |  | 10082 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.42% | At Termination | &nbsp;&nbsp;&nbsp; Bank of America <br> N.A.<br>| N/A | 01/02/29 | BRL | 18431 | 23933 |  | 23933 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 13.43% | At Termination | Barclays Bank PLC | N/A | 01/02/29 | BRL | 4039 | 4950 |  | 4950 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.05%<br>| At Termination | 14.03% | At Termination | Barclays Bank PLC | N/A | 01/02/29 | BRL | 8079 | 49376 |  | 49376 |
| 8.64% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & <br> Co. International <br> PLC<br>| N/A | 04/04/30 | COP | 19249256 | 91556 |  | 91556 |
| 8.58% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Barclays Bank PLC | N/A | 09/17/30 | COP | 19070980 | 119011 |  | 119011 |
| 8.62% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| N/A | 09/17/30 | COP | 4261152 | 24811 |  | 24811 |
| 8.67% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; Bank of America <br> N.A.<br>| N/A | 09/17/30 | COP | 19113313 | 100304 |  | 100304 |
| 8.67% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Citibank N.A. | N/A | 09/17/30 | COP | 3482327 | 18457 |  | 18457 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

**OTC Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Counterparty* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Termination*<br> *Date* |  | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| 8.78% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>12/17/2025 <br><sup>(a)</sup><br>| 12/17/30 | COP | $8976127 | $39665 | $— | $39665 |
| 8.78% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | HSBC Bank PLC<br> 12/17/2025 <br><sup>(a)</sup><br>| 12/17/30 | COP | 9572562 | 42300 |  | 42300 |
| 9.07% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | HSBC Bank PLC<br> 12/17/2025 <br><sup>(a)</sup><br>| 12/17/30 | COP | 9637378 | 13902 |  | 13902 |
|  |  |  |  |  |  |  |  | $590069 | $— | $590069 |

---

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

<sup>(a)</sup> Forward Swap.

**OTC Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Worldline SA | 5.00 | Quarterly | Deutsche Bank AG | 12/20/30<br> BB | EUR | 891 | $(252467)<br>| $(227641)<br>| $(24826)<br>|
| Worldline SA | 5.00 | Quarterly | Goldman Sachs International | 12/20/30<br> BB | EUR | 6900 | (1955008)<br>| (1875931)<br>| (79077)<br>|
| Worldline SA | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/30<br> BB | EUR | 909 | (257518)<br>| (243841)<br>| (13677)<br>|
|  |  |  |  |  |  |  | (2464993)<br>| (2347413)<br>| (117580)<br>|

---

**Fair Value Hierarchy as of Period End** 

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

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

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

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2363854157 | &nbsp;&nbsp; $7506976 | &nbsp;&nbsp; $2371361133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 3019102044 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3019102044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible Bonds | &nbsp;&nbsp; 32691169 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 32691169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 6121861342 | &nbsp;&nbsp; 42218157 | &nbsp;&nbsp; 6164079499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 266182623 | &nbsp;&nbsp; 10863195 | &nbsp;&nbsp; 277045818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1223216934 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1223216934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 28761624 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28761624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 2934406177 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2934406177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 334114 | &nbsp;&nbsp; — | &nbsp;&nbsp; 334114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 12303416 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 12303416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; 796056 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 796056 |
| &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; 622788151 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 622788151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 164124 | &nbsp;&nbsp; — | &nbsp;&nbsp; 164124 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16553 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16553 |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TBA Sales Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; (995692641)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (995692641)<br>|
|  | &nbsp;&nbsp; $668578792 | &nbsp;&nbsp; $14962207051 | &nbsp;&nbsp; $60588328 | &nbsp;&nbsp; $15693672746 |
| Derivative Financial Instruments<sup>(b)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2161666 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2161666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 109403646 | &nbsp;&nbsp; — | &nbsp;&nbsp; 109403646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 5987694 | &nbsp;&nbsp; 6298194 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12285888 |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; (505825)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (505825)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; (2333524)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (2333524)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; (7760991)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7760991)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (4307018)<br>| &nbsp;&nbsp; (1722611)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (6029629)<br>|
|  | &nbsp;&nbsp; $(652848)<br>| &nbsp;&nbsp; $107874079 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $107221231 |

---

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

<sup>(a)</sup> Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

<sup>(b)</sup> Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value. 

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

---

| | |
|:---|:---|
| **Currency Abbreviation** | **Currency Abbreviation** |
| ARS | Argentine Peso |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CLP | Chilean Peso |
| CNH | Chinese Yuan |
| CNY | Chinese Yuan |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| DOP | Dominican Peso |
| EGP | Egyptian Pound |
| EUR | Euro |
| GBP | British Pound |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| KZT | Kazakhstani Tenge |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NGN | Nigerian Naira |
| PEN | Peru Nuevo Sol |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| RON | Romanian Leu |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| TRY | Turkish Lira |
| TWD | New Taiwan Dollar |
| USD | United States Dollar |
| UYU | Uruguayan Peso |
| ZAR | South African Rand |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| BZDIOVER | Overnight Brazil CETIP — Interbank Rate |
| CLO | Collateralized Loan Obligation |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| ETF | Exchange-Traded Fund |
| EURIBOR | Euro Interbank Offered Rate |

---

---

| | |
|:---|:---|
| GO | General Obligation |
| JIBAR | Johannesburg Interbank Agreed Rate |
| JSC | Joint Stock Company |
| NVS | Non-Voting Shares |
| PIK | Payment-in-kind |
| PJSC | Public Joint Stock Company |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**iShares Flexible Income Active ETF**

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Interbank Average Rate |
| STRIPS | &nbsp;&nbsp;&nbsp; Separate Trading of Registered Interest & Principal of <br>Securities<br>|
| TBA | To-Be-Announced |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock ETF Trust II

- **b. Investment Company Act file number:** 811-23511

- **c. CIK number of Registrant:** 0001804196

- **d. LEI of Registrant:** 549300PLJCTZLQ2LE832

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares Flexible Income Active ETF

- **b. EDGAR series identifier (if any):** S000080411

- **c. LEI of Series:** 5299008ELWKMLX9XJP73

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $17559443020.70

**Total Liabilities:** $3806750894.53

**Net Assets:** $13752692126.17

**Delayed Delivery Securities:** $1217563278.59

**Cash Not Reported:** $271826227.53

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 698381.70000000 | **1-Year:** 88090.34000000 | **5-Year:** 880727.91000000 | **10-Year:** 1389049.91000000 | **30-Year:** 449279.23000000

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

- **3-Month:** 26690.19000000 | **1-Year:** 149606.36000000 | **5-Year:** 1611167.93000000 | **10-Year:** 125488.05000000 | **30-Year:** 85841.65000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242803 | 1.11%                | 0.71%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21289741.27             | $102324292.83                              |
| Month 2  | $26060531.81             | $7594621.68                                |
| Month 3  | $19961743.19             | $-112780595.00                             |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GLOBAL AUTO HO/AAG FH UK                                  | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      3683000 | PA      | $3544887.50    | 0.03%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                  | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      1200000 | PA      | $1138685.16    | 0.01%             | 2032-01-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                  | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      5693000 | PA      | $5837303.89    | 0.04%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| AB BSL CLO                                                | AB BSL CLO 2 Ltd                                                                 | CUSIP: 00037LAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1500750.00    | 0.01%             | 2034-04-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                                | AB BSL CLO 3 Ltd                                                                 | CUSIP: 00037QAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2480000 | PA      | $2482750.32    | 0.02%             | 2038-04-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                        | A&D Mortgage Trust 2024-NQM1                                                     | CUSIP: 00039GAA7<br>LEI: 984500E3BD374F778L95 | Long             | ABS-MBS          | CORP              | US        |       644230 | PA      | $648950.28     | 0.00%             | 2069-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                        | A&D Mortgage Trust 2024-NQM5                                                     | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |      5904246 | PA      | $5933885.08    | 0.04%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ABRA GLOBAL FINANCE                                       | ABRA Global Finance                                                              | CUSIP: 000852AC7<br>LEI: 2549007QS3P0D4KT9G26 | Long             | DBT              | CORP              | KY        |       472696 | PA      | $460169.56     | 0.00%             | 2029-10-22      | Fixed         | 14.00%                | No            |                  2 | On Loan: —       |
| ADT SEC CORP                                              | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |      1677000 | PA      | $1623992.88    | 0.01%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                              | ADT Security Corp/The                                                            | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |       126000 | PA      | $127820.31     | 0.00%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                              | AES Andes SA                                                                     | CUSIP: 00111VAA5<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |       400000 | PA      | $413380.00     | 0.00%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                              | AES Andes SA                                                                     | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |       634000 | PA      | $665224.50     | 0.00%             | 2055-06-10      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| ACRA Trust 2024-NQM1                                      | ACRA Trust 2024-NQM1                                                             | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5923626 | PA      | $5948088.62    | 0.04%             | 2064-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                                 | Acrec 2025 Fl 3 LLC                                                              | CUSIP: 00112HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5000000 | PA      | $4980835.50    | 0.04%             | 2042-08-18      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| AGL CLO 6 LTD                                             | AGL CLO 6 LTD                                                                    | CUSIP: 00119VAY5<br>LEI: 5493008ZSC34VKNPZN79 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2003988.60    | 0.01%             | 2038-04-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 12 Ltd                                                                   | CUSIP: 00120BAA8<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |      3106331 | PA      | $3106331.00    | 0.02%             | 2034-07-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 30 Ltd                                                                   | CUSIP: 00120VAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |       400000 | PA      | $402888.92     | 0.00%             | 2037-04-21      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 28 LTD                                                                   | CUSIP: 00120WAC8<br>LEI: 2549006PN3V33YGKK115 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1003327.40    | 0.01%             | 2037-01-21      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 33 Ltd                                                                   | CUSIP: 00121DAD7<br>LEI: 254900FQ0489DHYW7509 | Long             | ABS-CBDO         | CORP              | KY        |      1300000 | PA      | $1304148.04    | 0.01%             | 2037-07-21      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| AGL Core CLO 15 Ltd                                       | AGL Core CLO 15 Ltd                                                              | CUSIP: 00121GAA6<br>LEI: 5493001O95I190NV0196 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000866.50    | 0.01%             | 2035-01-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 39 Ltd                                                                   | CUSIP: 00121XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2000790.80    | 0.01%             | 2038-04-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 39 Ltd                                                                   | CUSIP: 00121YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1300000 | PA      | $1280334.51    | 0.01%             | 2038-04-20      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                              | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |      8092000 | PA      | $7828919.37    | 0.06%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Aimco                                                     | Aimco CLO 11 Ltd                                                                 | CUSIP: 00140NAY6<br>LEI: 549300VLRW0CEQ83RF89 | Long             | ABS-CBDO         | CORP              | KY        |       550000 | PA      | $551124.59     | 0.00%             | 2037-07-17      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Aimco                                                     | Aimco CLO 14 Ltd                                                                 | CUSIP: 00144GAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4004915.60    | 0.03%             | 2038-10-20      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                          | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      2426000 | PA      | $2546919.12    | 0.02%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| AMC NETWORKS INC                                          | AMC Networks Inc                                                                 | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      5265000 | PA      | $5534699.63    | 0.04%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| American Money Management Corporation                     | AMMC CLO 21 LTD                                                                  | CUSIP: 00178LAC3<br>LEI: 549300DYK366J47FIO80 | Long             | ABS-CBDO         | CORP              | KY        |        23467 | PA      | $23459.81      | 0.00%             | 2030-11-02      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                           | AREIT 2024-CRE9 Ltd                                                              | CUSIP: 00193AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2120005 | PA      | $2119803.73    | 0.02%             | 2041-05-17      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                           | AREIT 2025-CRE10 Ltd                                                             | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     10146000 | PA      | $10145231.95   | 0.07%             | 2029-12-17      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                     | ARI Fleet Lease Trust 2023-A                                                     | CUSIP: 00218GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        70751 | PA      | $70836.20      | 0.00%             | 2032-02-17      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                     | ARI Fleet Lease Trust 2023-A                                                     | CUSIP: 00218GAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2288000 | PA      | $2322363.93    | 0.02%             | 2032-02-17      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                     | ARI Fleet Lease Trust 2023-A                                                     | CUSIP: 00218GAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2492000 | PA      | $2537913.36    | 0.02%             | 2032-02-17      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                     | ARI Fleet Lease Trust 2024-A                                                     | CUSIP: 00218KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1125478 | PA      | $1132008.81    | 0.01%             | 2032-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                     | ARI Fleet Lease Trust 2024-A                                                     | CUSIP: 00218KAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       829000 | PA      | $842174.47     | 0.01%             | 2032-11-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                     | ARI Fleet Lease Trust 2024-A                                                     | CUSIP: 00218KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       469000 | PA      | $478063.89     | 0.00%             | 2032-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust                                    | ARZ Trust 2024-BILT                                                              | CUSIP: 00218TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2430000 | PA      | $2497280.14    | 0.02%             | 2039-06-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                        | A&D Mortgage Trust 2024-NQM6                                                     | CUSIP: 00249YAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9130344 | PA      | $9173826.45    | 0.07%             | 2070-01-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                        | A&D Mortgage Trust 2025-NQM2                                                     | CUSIP: 00250EAC0<br>LEI: 9845004ECDEDFFFFC959 | Long             | ABS-MBS          | CORP              | US        |      4539323 | PA      | $4574182.25    | 0.03%             | 2070-06-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                  | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      8728000 | PA      | $8806089.42    | 0.06%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                        | A&D Mortgage Trust 2024-NQM4                                                     | CUSIP: 002939AC0<br>LEI: 98450000E04EA82B8915 | Long             | ABS-MBS          | CORP              | US        |      1425046 | PA      | $1427672.60    | 0.01%             | 2069-08-25      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                  | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |       724000 | PA      | $719270.40     | 0.01%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                  | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |      2833000 | PA      | $2772195.89    | 0.02%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ACADIA HEALTHCARE CO INC                                  | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |      1289000 | PA      | $1332521.80    | 0.01%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| Ace Securities Corp.                                      | ACE Securities Corp Home Equity Loan Trust Series 2005-AG1                       | CUSIP: 004427CD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1789637 | PA      | $1583443.00    | 0.01%             | 2035-08-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                    | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1385000 | PA      | $1329604.85    | 0.01%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| ACRISURE LLC / FIN INC                                    | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3945000 | PA      | $4080226.71    | 0.03%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                    | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1716000 | PA      | $1759860.96    | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Acres PLC                                                 | ACRES 2025-FL3 LLC                                                               | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      7290000 | PA      | $7289699.65    | 0.05%             | 2040-08-18      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                    | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |       272000 | PA      | $284136.40     | 0.00%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                    | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |      1789000 | PA      | $1849273.20    | 0.01%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS                                        | Advance Auto Parts Inc                                                           | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |      3400000 | PA      | $3117542.62    | 0.02%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                        | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |       310000 | PA      | $312784.85     | 0.00%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                        | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |      2976000 | PA      | $3013200.00    | 0.02%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| AECOM                                                     | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |       326000 | PA      | $334560.76     | 0.00%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                   | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3272000 | PA      | $3394563.69    | 0.02%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                       | Affirm Master Trust                                                              | CUSIP: 00833BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5756000 | PA      | $5796107.23    | 0.04%             | 2033-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                       | Affirm Master Trust                                                              | CUSIP: 00833BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3418000 | PA      | $3425978.64    | 0.02%             | 2033-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                       | Affirm Master Trust Series 2025-3                                                | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11330000 | PA      | $11299355.75   | 0.08%             | 2034-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                | Affirm Asset Securitization Trust 2024-A                                         | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2731000 | PA      | $2739947.58    | 0.02%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                | Affirm Asset Securitization Trust 2025-X1                                        | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3828440 | PA      | $3835977.79    | 0.03%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                | Affirm Asset Securitization Trust 2025-X1                                        | CUSIP: 00834MAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       563000 | PA      | $564571.16     | 0.00%             | 2030-04-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                | Affirm Asset Securitization Trust 2025-X1                                        | CUSIP: 00834MAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1591000 | PA      | $1591973.06    | 0.01%             | 2030-04-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                | Affirm Asset Securitization Trust 2024-B                                         | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4287000 | PA      | $4294836.64    | 0.03%             | 2029-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                              | AGL CLO 35 Ltd                                                                   | CUSIP: 00852KAA2<br>LEI: 254900LDCU83O7QV9777 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002616.60    | 0.01%             | 2038-01-21      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Aimco                                                     | AIMCO CLO 18 Ltd                                                                 | CUSIP: 00889EAW5<br>LEI: 2549005IX0D6XDJNNS95 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1002891.20    | 0.01%             | 2037-07-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                                | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |      1753000 | PA      | $1739482.79    | 0.01%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Aimco                                                     | AIMCO CLO Series 2018-B                                                          | CUSIP: 00900PAS4<br>LEI: 549300MMTPNJGGRMPB33 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250803.33     | 0.00%             | 2037-04-16      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Aimco                                                     | AIMCO CLO 23 Ltd                                                                 | CUSIP: 00901JAA6<br>LEI: 254900JY4GSBXW978G85 | Long             | ABS-CBDO         | CORP              | KY        |      1250000 | PA      | $1249252.00    | 0.01%             | 2038-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                  | Ajax Mortgage Loan Trust 2022-B                                                  | CUSIP: 00971BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3084412 | PA      | $2996189.70    | 0.02%             | 2062-03-27      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                 | ALA Trust 2025-OANA                                                              | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7577000 | PA      | $7605413.75    | 0.06%             | 2040-06-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                 | ALA Trust 2025-OANA                                                              | CUSIP: 009920AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4559000 | PA      | $4576096.25    | 0.03%             | 2040-06-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       312000 | PA      | $312386.88     | 0.00%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3287000 | PA      | $3280142.99    | 0.02%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2011000 | PA      | $1985985.98    | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1475000 | PA      | $1405760.11    | 0.01%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2708000 | PA      | $2783647.98    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |       200000 | PA      | $201580.83     | 0.00%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                  | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      3363000 | PA      | $3470891.77    | 0.03%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                   | Albion Financing 3 SARL 2025 EUR Term Loan                                       | CUSIP: 01330EAC2<br>LEI: 259400QTZA08U7DIP580 | Long             | LON              | CORP              | LU        |      1000000 | PA      | $1158632.31    | 0.01%             | 2031-05-21      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                   | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |       250000 | PA      | $243336.00     | 0.00%             | 2029-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| ALCOA NEDERLAND HOLDING                                   | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |      1345000 | PA      | $1421582.96    | 0.01%             | 2031-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AlixPartners LLP                                          | AlixPartners LLP 2025 EUR Term Loan                                              | CUSIP: 01642PBD7<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |      2971556 | PA      | $3428384.02    | 0.02%             | 2032-08-12      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                   | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |      3869000 | PA      | $4062728.57    | 0.03%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| ALLIANT HOLD / CO-ISSUER                                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       750000 | PA      | $738601.65     | 0.01%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2052000 | PA      | $2046312.27    | 0.01%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7180000 | PA      | $7310360.08    | 0.05%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       250000 | PA      | $256371.75     | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9604000 | PA      | $9909416.80    | 0.07%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                          | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12106000 | PA      | $11835027.77   | 0.09%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                   | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |      3150000 | PA      | $3279829.86    | 0.02%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| ALLIED UNIVERSAL                                          | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       675000 | PA      | $692480.48     | 0.01%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                               | Allied Universal Holdco LLC 2025 USD Term Loan B                                 | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |      1110463 | PA      | $1114382.65    | 0.01%             | 2032-08-20      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Atlas Luxco 4 SARL                                        | Atlas Luxco 4 SARL EUR Term Loan B                                               | CUSIP: 01957TAY3<br>LEI: 549300ONXPZT3KQZDR65 | Long             | LON              | CORP              | LU        |      2537931 | PA      | $2930582.69    | 0.02%             | 2032-08-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                  | Allison Transmission Inc                                                         | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |       240000 | PA      | $238716.94     | 0.00%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                  | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |      1008000 | PA      | $1016487.36    | 0.01%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                  | Allison Transmission Inc                                                         | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |       279000 | PA      | $257597.32     | 0.00%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0326B5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    353300000 | PA      | $325693530.16  | 2.37%             | 2055-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0326C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1116777647 | PA      | $1028728641.42 | 7.48%             | 2055-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0426B4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     46634000 | PA      | $45450497.63   | 0.33%             | 2055-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0526B3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     54963000 | PA      | $55528935.32   | 0.40%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0606B6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    415469000 | PA      | $424840721.77  | 3.09%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                        | Ally Financial Inc                                                               | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |       200000 | PA      | $199961.14     | 0.00%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                        | Ally Financial Inc                                                               | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |       651000 | PA      | $678717.89     | 0.00%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| ALLY FINANCIAL INC                                        | Ally Financial Inc                                                               | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |      1887000 | PA      | $1891371.31    | 0.01%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                      | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |      1145000 | PA      | $1176587.14    | 0.01%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                      | Alpha Generation LLC                                                             | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |       866000 | PA      | $876063.91     | 0.01%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                           | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |      1286000 | PA      | $1318326.18    | 0.01%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| ALUMINA PTY LTD                                           | Alumina Pty Ltd                                                                  | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |      2399000 | PA      | $2482619.54    | 0.02%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Alvin Independent School District/TX                      | ALVIN TX INDEP SCH DIST                                                          | CUSIP: 0224474B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000000 | PA      | $5357336.00    | 0.04%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                      | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |       683000 | PA      | $710801.52     | 0.01%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                     | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |       114000 | PA      | $116644.51     | 0.00%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                     | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |       335000 | PA      | $349499.47     | 0.00%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| AMERICAN AXLE & MFG INC                                   | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |      5770000 | PA      | $5483393.14    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| AMERICAN AXLE & MFG INC                                   | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |       927000 | PA      | $929756.33     | 0.01%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                   | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |      1961000 | PA      | $1963761.89    | 0.01%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                         | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |       331000 | PA      | $326318.40     | 0.00%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ABC SUPPLY CO INC                                         | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |       789000 | PA      | $752831.62     | 0.01%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                                   | American National Group Inc                                                      | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |      2196000 | PA      | $2242660.61    | 0.02%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                      | Global Net Lease Inc                                                             | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              |  | US        |       480000 | PA      | $470754.35     | 0.00%             | 2028-09-30      | Fixed         | 4.50%                 | 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        |      2490000 | PA      | $2582767.44    | 0.02%             | 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        |      4762000 | PA      | $5010928.79    | 0.04%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                 | Amgen Inc                                                                        | CUSIP: 031162CY4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     12174000 | PA      | $7400681.12    | 0.05%             | 2053-09-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: —       |
| AMGEN INC                                                 | Amgen Inc                                                                        | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |      4755000 | PA      | $4749256.44    | 0.03%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation                     | AMMC CLO 30 Ltd                                                                  | CUSIP: 03165UAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000997.70    | 0.01%             | 2037-01-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                          | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |      1075000 | PA      | $1038225.65    | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                          | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |      1992000 | PA      | $2030523.29    | 0.01%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital CLO 31 Ltd                                                     | CUSIP: 032912AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $4996188.45    | 0.04%             | 2038-10-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital CLO 19 Ltd                                                     | CUSIP: 03328JAL1<br>LEI: 549300ZNOS7Q8W8H3S38 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004686.60    | 0.01%             | 2038-10-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital CLO 6 Ltd                                                      | CUSIP: 03328QBW0<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-CBDO         | CORP              | KY        |      3795000 | PA      | $3803400.99    | 0.03%             | 2038-07-22      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital CLO 15 Ltd                                                     | CUSIP: 03329FAW4<br>LEI: 549300H5Q0HJ2EHSSX26 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005751.80    | 0.01%             | 2038-07-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital Clo 18 Ltd                                                     | CUSIP: 03331AAA9<br>LEI: 549300JIJ617WYIUFX18 | Long             | ABS-CBDO         | CORP              | KY        |       350000 | PA      | $350161.77     | 0.00%             | 2034-04-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital CLO 21 Ltd                                                     | CUSIP: 03331KAJ8<br>LEI: 54930063NKPB83QNUF90 | Long             | ABS-CBDO         | CORP              | KY        |      1350000 | PA      | $1349224.02    | 0.01%             | 2034-10-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital Clo 29 Ltd                                                     | CUSIP: 03332QAA3<br>LEI: 213800XVU2BADRNDSO76 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4014252.80    | 0.03%             | 2037-07-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                 | Anchorage Capital Clo 29 Ltd                                                     | CUSIP: 03332RAA1<br>LEI: 213800XVU2BADRNDSO76 | Long             | ABS-CBDO         | CORP              | KY        |      1250000 | PA      | $1270433.13    | 0.01%             | 2037-07-20      | Floating      | 10.72%                | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-11                                                 | CUSIP: 03463QAA4<br>LEI: 2549009VFCBSE99NTJ29 | Long             | ABS-MBS          | CORP              | US        |      2920982 | PA      | $2943719.97    | 0.02%             | 2069-08-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2022-1                                                  | CUSIP: 03464BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1497396 | PA      | $1409688.49    | 0.01%             | 2066-12-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2020-4                                                  | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       153091 | PA      | $147190.35     | 0.00%             | 2065-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2020-4                                                  | CUSIP: 03464LAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       334712 | PA      | $323381.77     | 0.00%             | 2065-06-25      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2022-2                                                  | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       554082 | PA      | $526766.93     | 0.00%             | 2067-01-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2022-2                                                  | CUSIP: 03464PAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2063200 | PA      | $1913743.15    | 0.01%             | 2067-01-25      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2022-3                                                  | CUSIP: 03464TAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8313095 | PA      | $7794494.68    | 0.06%             | 2067-01-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2023-6                                                  | CUSIP: 03464UAB2<br>LEI: 254900QAUT3NUZVCSB04 | Long             | ABS-MBS          | CORP              | US        |       192526 | PA      | $193975.49     | 0.00%             | 2067-12-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2020-2                                                  | CUSIP: 03464XAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        79538 | PA      | $77542.79      | 0.00%             | 2065-01-26      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2021-2                                                  | CUSIP: 03465DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3751385 | PA      | $3265504.05    | 0.02%             | 2066-04-25      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2021-2                                                  | CUSIP: 03465DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       229822 | PA      | $199809.10     | 0.00%             | 2066-04-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2021-2                                                  | CUSIP: 03465DAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2404778 | PA      | $2105432.30    | 0.02%             | 2066-04-25      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2021-5                                                  | CUSIP: 03465HAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1368918 | PA      | $1197406.68    | 0.01%             | 2066-07-25      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2023-1                                                  | CUSIP: 03465WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4308782 | PA      | $4286346.33    | 0.03%             | 2067-09-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-1                                                  | CUSIP: 03465XAA7<br>LEI: 2549003MM0537Y3QHI22 | Long             | ABS-MBS          | CORP              | US        |      1130831 | PA      | $1129535.22    | 0.01%             | 2068-08-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2025-5                                                  | CUSIP: 03466EAA8<br>LEI: 254900QA46POYH7UR768 | Long             | ABS-MBS          | CORP              | US        |     10847708 | PA      | $10927607.88   | 0.08%             | 2070-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2025-11                                                 | CUSIP: 03466FAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9200954 | PA      | $9171951.58    | 0.07%             | 2070-10-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-3                                                  | CUSIP: 03466HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2483317 | PA      | $2472640.43    | 0.02%             | 2068-11-26      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-9                                                  | CUSIP: 03466JAA7<br>LEI: 254900O3R79X1AD55F36 | Long             | ABS-MBS          | CORP              | US        |      6357838 | PA      | $6346797.19    | 0.05%             | 2069-09-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-13                                                 | CUSIP: 03466PAA3<br>LEI: 254900WA697298AD1C53 | Long             | ABS-MBS          | CORP              | US        |      5154464 | PA      | $5180088.95    | 0.04%             | 2069-12-26      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2025-2                                                  | CUSIP: 03466QAA1<br>LEI: 254900DKH168ZWJSMI96 | Long             | ABS-MBS          | CORP              | US        |      4022560 | PA      | $4053275.65    | 0.03%             | 2070-02-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2025-8                                                  | CUSIP: 03466UAA2<br>LEI: 254900WZRTR935QJJ709 | Long             | ABS-MBS          | CORP              | US        |      7586568 | PA      | $7629688.09    | 0.06%             | 2070-07-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-12                                                 | CUSIP: 034932AA1<br>LEI: 254900S8TF74AZOT0548 | Long             | ABS-MBS          | CORP              | US        |     12234444 | PA      | $12322890.42   | 0.09%             | 2069-10-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-10                                                 | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |      6725593 | PA      | $6754704.48    | 0.05%             | 2069-10-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2025-1                                                  | CUSIP: 034934AA7<br>LEI: 254900HC0S1X9R2JZB30 | Long             | ABS-MBS          | CORP              | US        |      3426145 | PA      | $3454401.29    | 0.03%             | 2070-01-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-2                                                  | CUSIP: 034942AA0<br>LEI: 254900NLG610771ZLP05 | Long             | ABS-MBS          | CORP              | US        |      1474326 | PA      | $1486645.85    | 0.01%             | 2069-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-4                                                  | CUSIP: 034943AA8<br>LEI: 25490046TFINGL6XED11 | Long             | ABS-MBS          | CORP              | US        |      1661078 | PA      | $1680283.27    | 0.01%             | 2069-01-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | AOMT 2024-6                                                                      | CUSIP: 034944AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       872557 | PA      | $866576.86     | 0.01%             | 2067-11-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                                    | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |       464000 | PA      | $442479.68     | 0.00%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Annisa CLO Ltd                                            | Annisa CLO Ltd 2016-2                                                            | CUSIP: 036011AU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       400000 | PA      | $400825.36     | 0.00%             | 2031-07-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                  | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        75000 | PA      | $74970.56      | 0.00%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                  | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1996000 | PA      | $1994756.69    | 0.01%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| ANTERO MIDSTREAM PART/FI                                  | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       343000 | PA      | $355102.06     | 0.00%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                  | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       144000 | PA      | $143793.30     | 0.00%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXIV                                                                  | CUSIP: 03759CAS9<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |        70934 | PA      | $70965.19      | 0.00%             | 2030-10-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXIV                                                                  | CUSIP: 03759CAV2<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |      4500000 | PA      | $4497750.00    | 0.03%             | 2030-10-20      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Clo Xxv                                                                   | CUSIP: 03762YBH9<br>LEI: 254900C9NN5XS59HZV73 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501102.10     | 0.00%             | 2037-01-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Clo Xxv                                                                   | CUSIP: 03762YBP1<br>LEI: 254900C9NN5XS59HZV73 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1508837.55    | 0.01%             | 2037-01-20      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXXIX Ltd                                                             | CUSIP: 03766HAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2002435.20    | 0.01%             | 2038-10-21      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXXII                                                                 | CUSIP: 03768RAQ9<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-CBDO         | CORP              | KY        |      1560188 | PA      | $1559387.04    | 0.01%             | 2033-01-20      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXXII                                                                 | CUSIP: 03768RAU0<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-CBDO         | CORP              | KY        |       555000 | PA      | $555551.12     | 0.00%             | 2033-01-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXXV                                                                  | CUSIP: 03768UAA7<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |      2423665 | PA      | $2424444.21    | 0.02%             | 2034-04-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO XXXVII                                                                | CUSIP: 03769HAA5<br>LEI: 549300OGB01ASKLNI660 | Long             | ABS-CBDO         | CORP              | KY        |      1815000 | PA      | $1816139.82    | 0.01%             | 2034-10-22      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Clo XL Ltd                                                                | CUSIP: 03769RAN5<br>LEI: 549300CRPUKFOJKGAT02 | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2004630.20    | 0.01%             | 2037-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | APIDOS CLO XLVIII Ltd                                                            | CUSIP: 03770WAA9<br>LEI: 25490046M6DC4604K633 | Long             | ABS-CBDO         | CORP              | JE        |       489000 | PA      | $490378.64     | 0.00%             | 2037-07-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos CLO LIII                                                                  | CUSIP: 03771EAA8<br>LEI: 254900V9JISXCX9V0G97 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005046.20    | 0.01%             | 2038-07-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Clo Lii                                                                   | CUSIP: 03771NAA8<br>LEI: 254900XJH54T9O9TH452 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $1998678.00    | 0.01%             | 2038-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Clo LIV                                                                   | CUSIP: 03771RAG6<br>LEI: 254900SXYQWBYZA9L226 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2014020.80    | 0.01%             | 2038-10-20      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Clo LIV                                                                   | CUSIP: 03771RAJ0<br>LEI: 254900SXYQWBYZA9L226 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1505265.60    | 0.01%             | 2038-10-20      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                            | Apidos Loan Fund 2024-1 Ltd                                                      | CUSIP: 037986AW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1930000 | PA      | $1933551.78    | 0.01%             | 2038-10-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                  | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03837AAD2<br>LEI: 254900HTTDFIJZ32GX53 | Long             | DBT              | CORP              | JE        |      2034000 | PA      | $2076667.22    | 0.02%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| ARAB REPUBLIC OF EGYPT                                    | Egypt Government International Bond                                              | CUSIP: 038461AM1<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       496000 | PA      | $457406.24     | 0.00%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| ARAB REPUBLIC OF EGYPT                                    | Egypt Government International Bond                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       547000 | PA      | $446658.32     | 0.00%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                    | Egypt Government International Bond                                              | CUSIP: 03846JAG5<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       497000 | PA      | $542207.12     | 0.00%             | 2033-02-04      | Fixed         | 9.45%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust               | Arbor Multifamily Mortgage Securities Trust 2020-MF1                             | CUSIP: 03881BAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       190000 | PA      | $153810.02     | 0.00%             | 2053-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes                 | Arbor Realty Commercial Real Estate Notes 2025-FL1 LLC                           | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      7313000 | PA      | $7313966.78    | 0.05%             | 2043-01-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd           | Arbor Realty Collateralized Loan Obligation Ltd                                  | CUSIP: 03881UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      7424000 | PA      | $7424697.11    | 0.05%             | 2041-01-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                          | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |      3241000 | PA      | $3167014.13    | 0.02%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                  | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       324000 | PA      | $325378.94     | 0.00%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |      1123000 | PA      | $1176107.79    | 0.01%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| ARDAGH METAL PACKAGING                                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      7184000 | PA      | $6697715.76    | 0.05%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      3395000 | PA      | $3403752.31    | 0.02%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                        | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |      5321000 | PA      | $5565510.59    | 0.04%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                            | ARES Commercial Mortgage Trust 2024-IND                                          | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8030000 | PA      | $8045056.25    | 0.06%             | 2041-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                            | ARES Commercial Mortgage Trust 2024-IND                                          | CUSIP: 03990DAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1500000 | PA      | $1501161.90    | 0.01%             | 2041-07-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                           | AREIT 2023-CRE8 LLC                                                              | CUSIP: 04002BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |       227128 | PA      | $227046.16     | 0.00%             | 2041-08-17      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                         | Ares Capital Corp                                                                | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      9050000 | PA      | $8923521.82    | 0.06%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds         | Argentina Republic Government International Bonds                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       556000 | PA      | $455086.00     | 0.00%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                          | Aretec Group Inc                                                                 | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |      1464000 | PA      | $1476023.83    | 0.01%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                              | Ares LIV CLO Ltd                                                                 | CUSIP: 04017WAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004534.00    | 0.01%             | 2038-07-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                              | ARES LX CLO LTD                                                                  | CUSIP: 04018FAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     10000000 | PA      | $9999878.00    | 0.07%             | 2034-07-18      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                              | Ares LXVI CLO Ltd                                                                | CUSIP: 04019RBE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      5000000 | PA      | $5006866.50    | 0.04%             | 2038-10-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                  | Ares Strategic Income Fund                                                       | CUSIP: 04020EAP2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     11500000 | PA      | $11329119.78   | 0.08%             | 2029-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| ARES CLO Ltd                                              | Ares Loan Funding IV Ltd                                                         | CUSIP: 04020FAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1004492.00    | 0.01%             | 2038-10-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                          | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |      4043000 | PA      | $4398998.28    | 0.03%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                            | ARES1 2024-IND2                                                                  | CUSIP: 04021EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11970000 | PA      | $11977481.25   | 0.09%             | 2034-10-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARMENIA                                       | Republic of Armenia International Bond                                           | CUSIP: 042207AE0<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |       434000 | PA      | $451577.00     | 0.00%             | 2035-03-12      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                     | Arroyo Mortgage Trust 2019-1                                                     | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       456437 | PA      | $445201.48     | 0.00%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                     | Arroyo Mortgage Trust 2019-3                                                     | CUSIP: 04285AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       363969 | PA      | $349124.92     | 0.00%             | 2048-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                    | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2490000 | PA      | $2645249.01    | 0.02%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| ARSENAL AIC PARENT LLC                                    | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1889000 | PA      | $2099466.71    | 0.02%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                   | Asbury Automotive Group Inc                                                      | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |       161000 | PA      | $157364.57     | 0.00%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                   | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |      1677000 | PA      | $1628880.33    | 0.01%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                   | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |      2642000 | PA      | $2544094.88    | 0.02%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                  | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2233000 | PA      | $2226455.52    | 0.02%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                  | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       498000 | PA      | $507858.91     | 0.00%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                  | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1400000 | PA      | $1425027.80    | 0.01%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                  | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2250000 | PA      | $2118035.93    | 0.02%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                  | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1487000 | PA      | $1488302.61    | 0.01%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                                       | ASSURANT CLO II LTD                                                              | CUSIP: 04623TAG0<br>LEI: 6354003JXBM4LA5YCP98 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1486403.85    | 0.01%             | 2031-04-20      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                                   | Atlantica Sustainable Infrastructure Ltd                                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |       991000 | PA      | $959563.89     | 0.01%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                              | Atrium Hotel Portfolio Trust 2024-ATRM                                           | CUSIP: 04963XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7900000 | PA      | $8043832.14    | 0.06%             | 2029-11-10      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                              | Atrium Hotel Portfolio Trust 2024-ATRM                                           | CUSIP: 04963XAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4855000 | PA      | $4983363.77    | 0.04%             | 2029-11-10      | Variable      | 9.21%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                                | ATLX 2024-RPL1 Trust                                                             | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6287887 | PA      | $6111120.42    | 0.04%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                              | Atrium Hotel Portfolio Trust 2025-ATRM                                           | CUSIP: 049917AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5431000 | PA      | $5442677.74    | 0.04%             | 2042-08-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                              | Atrium Hotel Portfolio Trust 2025-ATRM                                           | CUSIP: 049917AL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8168000 | PA      | $8171023.79    | 0.06%             | 2042-08-15      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                              | Atrium Hotel Portfolio Trust 2025-ATRM                                           | CUSIP: 049917AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1467000 | PA      | $1467520.34    | 0.01%             | 2042-08-15      | Floating      | 10.78%                | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                       | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |      4568000 | PA      | $4494603.66    | 0.03%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                       | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |      2159000 | PA      | $2050539.81    | 0.01%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                               | Avient Corp                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |      1148000 | PA      | $1181536.52    | 0.01%             | 2030-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                               | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |       373000 | PA      | $380816.83     | 0.00%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1360000 | PA      | $1309812.87    | 0.01%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       350000 | PA      | $335868.05     | 0.00%             | 2028-04-01      | Fixed         | 4.75%                 | 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        |      4529000 | PA      | $4603049.15    | 0.03%             | 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        |       668000 | PA      | $681757.46     | 0.00%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3351000 | PA      | $3432761.05    | 0.02%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| AXALTA COAT/DUTCH HLD BV                                  | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV           | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       440000 | PA      | $438926.53     | 0.00%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                       | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |      1862000 | PA      | $1912344.79    | 0.01%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                       | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |       681000 | PA      | $703884.86     | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                            | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |      2604000 | PA      | $2740710.00    | 0.02%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc              | BAMLL Trust 2024-BHP                                                             | CUSIP: 05493WAA0<br>LEI: 5493001M1XQ4INMTAE48 | Long             | ABS-MBS          | CORP              | US        |      1800000 | PA      | $1803401.28    | 0.01%             | 2039-08-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                            | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9840000 | PA      | $10177794.41   | 0.07%             | 2041-12-10      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                            | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2160000 | PA      | $2251301.04    | 0.02%             | 2041-12-10      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                            | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8225000 | PA      | $8572484.87    | 0.06%             | 2041-12-10      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Trust 2025-EWEST                                                            | CUSIP: 05494JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8385000 | PA      | $8412639.48    | 0.06%             | 2042-06-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Trust 2025-EWEST                                                            | CUSIP: 05494JAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1210000 | PA      | $1213937.58    | 0.01%             | 2042-06-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc              | BAMLL Commercial Mortgage Securities Trust 2025-NASH                             | CUSIP: 05494PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8437000 | PA      | $8442273.13    | 0.06%             | 2040-09-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| BBAM US CLO LTD.                                          | BBAM US CLO I Ltd                                                                | CUSIP: 054978AL5<br>LEI: 549300LRECI1GZTZLF38 | Long             | ABS-CBDO         | CORP              | KY        |      4560000 | PA      | $4565248.56    | 0.03%             | 2038-03-30      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC               | BBCMS 2018-TALL Mortgage Trust                                                   | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4000000 | PA      | $3770000.00    | 0.03%             | 2037-03-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BINOM Securitization Trust                                | BINOM Securitization Trust 2021-INV1                                             | CUSIP: 05552UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1373180 | PA      | $1263806.54    | 0.01%             | 2056-06-25      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                             | BLP Commercial Mortgage Trust 2023-IND                                           | CUSIP: 055531AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1135095 | PA      | $1135450.04    | 0.01%             | 2040-03-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                                   | BDS 2024-FL13 LLC                                                                | CUSIP: 05555MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      7315000 | PA      | $7314240.70    | 0.05%             | 2039-09-19      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD 2024-VICT Mortgage Trust                                                    | CUSIP: 05555VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6300000 | PA      | $6321656.25    | 0.05%             | 2041-07-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Trust 2025-FPM                                                              | CUSIP: 05556HAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1877000 | PA      | $1888806.41    | 0.01%             | 2040-10-10      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Commercial Mortgage Trust 2025-660F                                         | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8938000 | PA      | $8949172.50    | 0.07%             | 2042-11-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Commercial Mortgage Trust 2025-660F                                         | CUSIP: 05556QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7788000 | PA      | $7802602.50    | 0.06%             | 2042-11-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| BBAM US CLO LTD.                                          | BBAM US CLO VI Ltd                                                               | CUSIP: 05556TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5000000.00    | 0.04%             | 2039-01-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                 | BPR Trust 2021-TY                                                                | CUSIP: 05592AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5822500 | PA      | $5819770.99    | 0.04%             | 2038-09-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                 | BPR 2023-STON Mortgage Trust                                                     | CUSIP: 05593GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5250000 | PA      | $5470333.05    | 0.04%             | 2039-12-05      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BMP Trust                                                 | BMP 2024-MF23                                                                    | CUSIP: 05593JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6555000 | PA      | $6559096.88    | 0.05%             | 2041-06-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| BMP Trust                                                 | BMP 2024-MF23                                                                    | CUSIP: 05593JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2380000 | PA      | $2377070.46    | 0.02%             | 2041-06-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                 | BPR Commercial Mortgage Trust 2024-PARK                                          | CUSIP: 05593UAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4050000 | PA      | $4158173.88    | 0.03%             | 2039-11-05      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4283294 | PA      | $4256523.91    | 0.03%             | 2030-03-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2025-LUNR                                                               | CUSIP: 05594CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4395691 | PA      | $4398438.31    | 0.03%             | 2040-06-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust                            | BSTN Commercial Mortgage Trust 2025-HUB                                          | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1820000 | PA      | $1831289.82    | 0.01%             | 2041-04-13      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                                  | Brex Commercial Charge Card Master Trust                                         | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2549000 | PA      | $2561971.86    | 0.02%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BWAY Mortgage Trust                                       | BWAY 2013-1515 Mortgage Trust                                                    | CUSIP: 05604FAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $833549.40     | 0.01%             | 2033-03-10      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2021-LBA                                                                | CUSIP: 05609BAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       100000 | PA      | $99816.80      | 0.00%             | 2036-02-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2021-LBA                                                                | CUSIP: 05609BAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1194123 | PA      | $1193048.27    | 0.01%             | 2036-02-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2021-LBA                                                                | CUSIP: 05609BCD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4300000 | PA      | $4297466.44    | 0.03%             | 2036-02-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2022-VAMF                                                               | CUSIP: 05609TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4850000 | PA      | $4843937.50    | 0.04%             | 2039-01-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2022-VAMF                                                               | CUSIP: 05609TAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        60000 | PA      | $59887.50      | 0.00%             | 2039-01-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2022-IND                                                                | CUSIP: 05609WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1831578 | PA      | $1832150.16    | 0.01%             | 2037-04-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2023-DELC                                                               | CUSIP: 05610DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13209000 | PA      | $13217255.63   | 0.10%             | 2038-05-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2023-DELC                                                               | CUSIP: 05610DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1002500.00    | 0.01%             | 2038-05-15      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2022-LP2                                            | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       442864 | PA      | $442313.24     | 0.00%             | 2039-02-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2022-CSMO                                           | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2900000 | PA      | $2921750.00    | 0.02%             | 2027-06-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2022-CSMO                                           | CUSIP: 05610MAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       600000 | PA      | $605250.00     | 0.00%             | 2027-06-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5197925 | PA      | $5204329.45    | 0.04%             | 2039-02-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8239155 | PA      | $8244304.02    | 0.06%             | 2039-02-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1328182 | PA      | $1330435.61    | 0.01%             | 2039-02-15      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2024-PAT                                                                | CUSIP: 05612FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2460000 | PA      | $2460768.75    | 0.02%             | 2041-03-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2024-PAT                                                                | CUSIP: 05612FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $999687.50     | 0.01%             | 2041-03-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-XL5                                            | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4755444 | PA      | $4758416.54    | 0.03%             | 2041-03-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-XL5                                            | CUSIP: 05612GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3258360 | PA      | $3264469.48    | 0.02%             | 2041-03-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2024-CNYN                                                               | CUSIP: 05612HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3895918 | PA      | $3897135.37    | 0.03%             | 2041-04-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2024-CNYN                                                               | CUSIP: 05612HAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1322161 | PA      | $1326292.66    | 0.01%             | 2041-04-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-WPT                                            | CUSIP: 05612JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1382500 | PA      | $1383439.27    | 0.01%             | 2034-03-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-KING                                           | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5926973 | PA      | $5930676.90    | 0.04%             | 2034-05-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2024-VLT4                                                               | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13011000 | PA      | $13010986.99   | 0.09%             | 2041-06-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX 2024-PALM                                                                     | CUSIP: 05612UAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9162692 | PA      | $9168387.83    | 0.07%             | 2037-06-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-BRBK                                           | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6465000 | PA      | $6481162.50    | 0.05%             | 2041-10-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-BRBK                                           | CUSIP: 05613NAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2210000 | PA      | $2207785.36    | 0.02%             | 2041-10-15      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-AIR2                                           | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6042835 | PA      | $6050388.45    | 0.04%             | 2041-10-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-AIR2                                           | CUSIP: 05613QAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3836721 | PA      | $3841516.47    | 0.03%             | 2041-10-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                                  | BXMT 2025-FL5 Ltd                                                                | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     12785000 | PA      | $12728574.68   | 0.09%             | 2042-10-18      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust                            | BSTN Commercial Mortgage Trust 2025-1C                                           | CUSIP: 05615EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5612000 | PA      | $5786621.31    | 0.04%             | 2044-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                                          | BSPDF 2025-FL2 Issuer LLC                                                        | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8217000 | PA      | $8208494.58    | 0.06%             | 2042-12-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2025-LIFE                                                               | CUSIP: 05616HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2179000 | PA      | $2243087.00    | 0.02%             | 2047-06-13      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                 | BPR Commercial Mortgage Trust 2025-STAR                                          | CUSIP: 05619DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12500000 | PA      | $12525676.25   | 0.09%             | 2042-11-05      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| BRES Commercial Mortgage Trust                            | BRES Commercial Mortgage Trust 2025-ATCAP                                        | CUSIP: 05619GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6581000 | PA      | $6564285.58    | 0.05%             | 2042-11-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2025-OMG                                                                | CUSIP: 05619HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5394000 | PA      | $5397375.57    | 0.04%             | 2027-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                             | BLP Commercial Mortgage Trust 2024-IND2                                          | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4753625 | PA      | $4755110.66    | 0.03%             | 2041-03-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                          | Bain Capital Credit CLO 2022-3 Ltd                                               | CUSIP: 05684NAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |     10000000 | PA      | $10001850.00   | 0.07%             | 2035-07-17      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                          | Bain Capital Credit CLO 2024-6 Ltd                                               | CUSIP: 05685XAA6<br>LEI: 254900HQYGN91X5XN386 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $751742.93     | 0.01%             | 2038-01-21      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                          | Bain Capital Credit CLO 2025-4 Ltd                                               | CUSIP: 05686GAA2<br>LEI: 254900GF7KVMBCIIVA18 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5002500.00    | 0.04%             | 2039-01-17      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                          | Bain Capital CLO 2024-1 Ltd                                                      | CUSIP: 056920AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1002904.20    | 0.01%             | 2037-04-16      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                 | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      1141000 | PA      | $1043211.67    | 0.01%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                 | Ball Corp                                                                        | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |       810000 | PA      | $738126.51     | 0.01%             | 2031-09-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                 | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |       972000 | PA      | $988931.27     | 0.01%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                 | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      1796000 | PA      | $1839919.38    | 0.01%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                 | Ball Corp                                                                        | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      1491000 | PA      | $1509117.14    | 0.01%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                             | Ballyrock CLO 14 Ltd                                                             | CUSIP: 05874XAQ2<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001345.40    | 0.01%             | 2037-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                             | Ballyrock CLO 2019-2 Ltd                                                         | CUSIP: 05875MBD3<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |      1420000 | PA      | $1421347.01    | 0.01%             | 2038-10-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                             | Ballyrock CLO 15 Ltd                                                             | CUSIP: 05875TAJ6<br>LEI: 254900DRHPTI08KKW784 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250604.03     | 0.00%             | 2038-01-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                             | Ballyrock CLO 28 Ltd                                                             | CUSIP: 05876HAE2<br>LEI: 2549006FL37LMQQU3H44 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501576.45     | 0.00%             | 2038-01-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                             | Ballyrock CLO 17 Ltd                                                             | CUSIP: 05876LAA1<br>LEI: 254900J6ILFT5YJVHO91 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250000.00     | 0.00%             | 2034-10-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                                  | Banco de Credito e Inversiones SA                                                | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |       200000 | PA      | $215131.26     | 0.00%             | 2029-05-08      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                  | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |      3227000 | PA      | $3442989.56    | 0.03%             | 2032-01-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| BANCOLOMBIA SA                                            | Bancolombia SA                                                                   | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |       427000 | PA      | $456932.70     | 0.00%             | 2034-12-24      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                  | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |       533000 | PA      | $558584.00     | 0.00%             | 2031-05-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                                  | Boxer Parent Company Inc 2025 EUR Term Loan B                                    | CUSIP: 05988HAP2<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |      2975050 | PA      | $3437215.87    | 0.02%             | 2031-07-30      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                       | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 059895AW2<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |       867000 | PA      | $889568.01     | 0.01%             | 2028-09-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp                                                             | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      8580000 | PA      | $8796383.40    | 0.06%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mortgage Trust                 | Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3                | CUSIP: 06427DAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       420000 | PA      | $413437.12     | 0.00%             | 2050-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank5                                                     | BANK5 Trust 2024-5YR6                                                            | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2188704 | PA      | $2307555.66    | 0.02%             | 2057-05-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                          | Barbados Government International Bond                                           | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |       904000 | PA      | $944680.00     | 0.01%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARDOT CLO LTD                                            | Bardot CLO Ltd                                                                   | CUSIP: 06744NBQ9<br>LEI: 549300KP12IHV6MTDK86 | Long             | ABS-CBDO         | CORP              | KY        |      1056511 | PA      | $1057086.19    | 0.01%             | 2032-10-22      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                              | Barclays Mortgage Loan Trust 2024-NQM1                                           | CUSIP: 06745AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2658437 | PA      | $2673963.21    | 0.02%             | 2064-01-25      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                              | Barclays Mortgage Loan Trust 2025-NQM3                                           | CUSIP: 06745VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14043514 | PA      | $14117253.38   | 0.10%             | 2065-05-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                              | Barclays Mortgage Loan Trust 2025-NQM5                                           | CUSIP: 06745XAM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16711309 | PA      | $17182433.13   | 0.12%             | 2055-10-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                | Barings Equipment Finance LLC 2025-A                                             | CUSIP: 06764MAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6409000 | PA      | $6627027.13    | 0.05%             | 2050-06-13      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                         | Battalion Clo XV Ltd                                                             | CUSIP: 07131AAM6<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |      4217301 | PA      | $4215503.61    | 0.03%             | 2033-01-17      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                         | Battalion CLO IX Ltd                                                             | CUSIP: 07132EAS4<br>LEI: 549300JMWGEYZEC6GK98 | Long             | ABS-CBDO         | CORP              | KY        |      4294323 | PA      | $4292897.56    | 0.03%             | 2031-07-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                        | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |      5836000 | PA      | $6098620.00    | 0.04%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                                   | BDS 2025-FL14 LLC                                                                | CUSIP: 072921AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      7895000 | PA      | $7886112.60    | 0.06%             | 2042-10-17      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Bay View Federal Savings And Loan Assoc.                  | BAY 2025-LIVN Mortgage Trust                                                     | CUSIP: 072925AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9140000 | PA      | $9155921.88    | 0.07%             | 2035-05-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Bayswater Park CLO Ltd                                    | Bayswater Park CLO Ltd                                                           | CUSIP: 072929AA0<br>LEI: 254900BXH0PMWI87VS84 | Long             | ABS-CBDO         | CORP              | JE        |      1250000 | PA      | $1254323.75    | 0.01%             | 2037-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                        | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |      3978000 | PA      | $4078027.69    | 0.03%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| BAYTEX ENERGY CORP                                        | Baytex Energy Corp                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |      2456000 | PA      | $2418386.11    | 0.02%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| Bayview Commercial Asset Trust                            | Bayview Commercial Mortgage Pass-Through Trust 2006-SP1                          | CUSIP: 07324MAH8<br>LEI: 549300LFP60SWPOYB540 | Long             | ABS-MBS          | CORP              | US        |       935202 | PA      | $913902.10     | 0.01%             | 2036-04-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC               | BBCMS Mortgage Trust 2025-5C34                                                   | CUSIP: 07337BAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6649000 | PA      | $6968956.53    | 0.05%             | 2058-05-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC               | BBCMS Mortgage Trust 2025-C35                                                    | CUSIP: 07337DAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2541000 | PA      | $2683082.30    | 0.02%             | 2058-07-15      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC               | BBCMS Mortgage Trust 2025-C35                                                    | CUSIP: 07337DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2100000 | PA      | $2209510.17    | 0.02%             | 2058-07-15      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC               | BBCMS Mortgage Trust 2025-C35                                                    | CUSIP: 07337DAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2385000 | PA      | $1894599.16    | 0.01%             | 2058-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                               | Beach Acquisition Bidco LLC EUR PIK Term Loan B                                  | CUSIP: 07337FAD7<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |      1000000 | PA      | $1154817.04    | 0.01%             | 2032-09-12      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                   | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |      6343000 | PA      | $6810263.44    | 0.05%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                | Bear Stearns Asset Backed Securities I Trust 2006-HE9                            | CUSIP: 07389MAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2036091 | PA      | $2079351.51    | 0.02%             | 2036-11-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Bear Mountain Park CLO, Ltd                               | Bear Mountain Park CLO Ltd                                                       | CUSIP: 07403CAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2009181.60    | 0.01%             | 2037-07-15      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                      | Beignet Investor LLC                                                             | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59916000 | PA      | $63912840.58   | 0.46%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                               | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |      4413000 | PA      | $4605406.80    | 0.03%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                               | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |      1172000 | PA      | $1231821.22    | 0.01%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                     | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |      1171000 | PA      | $1186419.73    | 0.01%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Belron UK Finance PLC                                     | Belron UK Finance PLC 2024 EUR Incremental Term Loan B                           | CUSIP: 08078UAL7<br>LEI: 9845006BC9D1A77B8178 | Long             | LON              | CORP              | GB        |      3377200 | PA      | $3912582.70    | 0.03%             | 2031-10-16      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                  | Benchmark 2023-V3 Mortgage Trust                                                 | CUSIP: 08163VAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2996884 | PA      | $57990.90      | 0.00%             | 2056-07-15      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                  | Benchmark 2025-V18 Mortgage Trust                                                | CUSIP: 08164EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13065000 | PA      | $13447302.80   | 0.10%             | 2058-10-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXVIII Ltd                                           | CUSIP: 08179KAN3<br>LEI: 549300VHDAICRAGZNJ35 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1002419.20    | 0.01%             | 2037-10-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXVII Ltd                                            | CUSIP: 08179PAQ5<br>LEI: 254900WANE6M5S0NC534 | Long             | ABS-CBDO         | CORP              | JE        |      4000000 | PA      | $4010658.40    | 0.03%             | 2037-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO IV Ltd                                               | CUSIP: 08180FCG4<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5007418.00    | 0.04%             | 2038-10-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO IV Ltd                                               | CUSIP: 08180FCN9<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $973464.50     | 0.01%             | 2038-10-20      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO V-B Ltd                                              | CUSIP: 08181JAH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3340000 | PA      | $3350207.71    | 0.02%             | 2037-07-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XVI Ltd                                              | CUSIP: 08181VBG9<br>LEI: 2549001UGYKGM9DWMY60 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $248873.75     | 0.00%             | 2038-01-17      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO Ltd                                                  | CUSIP: 08182DAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000075.60    | 0.01%             | 2038-04-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XX Ltd                                               | CUSIP: 08182FAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250450.00     | 0.00%             | 2037-07-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXIV Ltd                                             | CUSIP: 08182NAJ1<br>LEI: 254900F6RDYGOMBGPF86 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $999103.30     | 0.01%             | 2034-10-20      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners Clo XXXV Ltd                                             | CUSIP: 08182YAG3<br>LEI: 254900U0SNDVHNBLRW07 | Long             | ABS-CBDO         | CORP              | JE        |       375000 | PA      | $376046.93     | 0.00%             | 2037-04-25      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXXVIII Ltd                                          | CUSIP: 08183FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      9172000 | PA      | $9191719.80    | 0.07%             | 2038-01-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXIX                                                 | CUSIP: 08186EAL2<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |      7750000 | PA      | $7750000.00    | 0.06%             | 2038-01-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXIX                                                 | CUSIP: 08186EAN8<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1000745.80    | 0.01%             | 2038-01-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners Clo 41 Ltd                                               | CUSIP: 08186GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5008078.00    | 0.04%             | 2038-07-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XVIII Ltd                                            | CUSIP: 08186PAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5004440.50    | 0.04%             | 2038-10-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXI Ltd                                              | CUSIP: 08186RAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $4999983.00    | 0.04%             | 2034-10-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners Clo XXII Ltd                                             | CUSIP: 08186UBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $997394.90     | 0.01%             | 2035-04-20      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXIII Ltd                                            | CUSIP: 08186VAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249891.68     | 0.00%             | 2034-04-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO 42 Ltd                                               | CUSIP: 08187LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5009693.50    | 0.04%             | 2038-10-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                           | Benefit Street Partners CLO XXXIX Ltd                                            | CUSIP: 081930AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1550000 | PA      | $1553089.77    | 0.01%             | 2038-04-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                       | Benin Government International Bond                                              | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |       971000 | PA      | $1009840.00    | 0.01%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Bethpage Park CLO LTD                                     | Bethpage Park CLO Ltd                                                            | CUSIP: 087598AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000611.60    | 0.01%             | 2035-01-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Commercial Mortgage Trust 2024-UNIV                                         | CUSIP: 08861RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5340000 | PA      | $5343337.50    | 0.04%             | 2041-11-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Commercial Mortgage Trust 2025-5MW                                          | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4576000 | PA      | $4572678.28    | 0.03%             | 2042-10-10      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                | BFLD Commercial Mortgage Trust 2025-5MW                                          | CUSIP: 088921AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12050000 | PA      | $12001638.53   | 0.09%             | 2042-10-10      | Variable      | 9.83%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                       | BHMS Commercial Mortgage Trust 2025-ATLS                                         | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8846000 | PA      | $8868115.00    | 0.06%             | 2042-08-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BIDVEST GROUP UK PLC                                      | Bidvest Group UK PLC/The                                                         | CUSIP: 088932AA6<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |       200000 | PA      | $202750.00     | 0.00%             | 2032-09-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 3 Ltd                                                            | CUSIP: 09076VAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     19000000 | PA      | $19034466.00   | 0.14%             | 2038-01-19      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 3 Ltd                                                            | CUSIP: 09076VAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $500232.40     | 0.00%             | 2038-01-19      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 4 Ltd                                                            | CUSIP: 09077CAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1003403.80    | 0.01%             | 2037-07-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 6 Ltd                                                            | CUSIP: 09077FAL9<br>LEI: 254900HENKWLW4T9SW86 | Long             | ABS-CBDO         | CORP              | JE        |      6540000 | PA      | $6553777.16    | 0.05%             | 2037-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 2 Ltd                                                            | CUSIP: 09077LAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1004993.60    | 0.01%             | 2037-10-19      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 7 Ltd                                                            | CUSIP: 09077RAL3<br>LEI: 254900FP4VB7V5ZG0W95 | Long             | ABS-CBDO         | CORP              | JE        |     16000000 | PA      | $16023904.00   | 0.12%             | 2038-10-20      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 8 Ltd                                                            | CUSIP: 09077TAA3<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |      5000000 | PA      | $5019358.00    | 0.04%             | 2037-04-20      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 8 Ltd                                                            | CUSIP: 09077TAG0<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |      2200000 | PA      | $2212207.80    | 0.02%             | 2037-04-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove Clo 11 Ltd                                                           | CUSIP: 09077YAA2<br>LEI: 2549009HQHT8KMO8YJ79 | Long             | ABS-CBDO         | CORP              | KY        |      1650000 | PA      | $1654682.37    | 0.01%             | 2038-01-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                      | Birch Grove CLO 10 Ltd                                                           | CUSIP: 09090JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       450000 | PA      | $451128.38     | 0.00%             | 2038-01-22      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                  | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       113000 | PA      | $117227.44     | 0.00%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                  | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       250000 | PA      | $262522.00     | 0.00%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO XXIV Ltd                                                        | CUSIP: 09609NAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249793.93     | 0.00%             | 2034-04-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Blueberry Park CLO                                        | Blueberry Park CLO Ltd                                                           | CUSIP: 09609QAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1001788.60    | 0.01%             | 2037-10-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Blueberry Park CLO                                        | Blueberry Park CLO Ltd                                                           | CUSIP: 09609VAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $998240.90     | 0.01%             | 2037-10-20      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2015-3 Ltd                                                      | CUSIP: 09628JAL5<br>LEI: 5493009UJ1T6R11V4458 | Long             | ABS-CBDO         | CORP              | KY        |       806398 | PA      | $806765.93     | 0.01%             | 2031-04-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2015-4 Ltd                                                      | CUSIP: 09628NAY8<br>LEI: 549300EB3KHH9T7ICE44 | Long             | ABS-CBDO         | CORP              | KY        |      7000000 | PA      | $6999888.70    | 0.05%             | 2030-04-20      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2016-3 Ltd                                                      | CUSIP: 09628VAW4<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |      1423009 | PA      | $1423060.51    | 0.01%             | 2030-11-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2016-3 Ltd                                                      | CUSIP: 09628VAY0<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001781.80    | 0.01%             | 2030-11-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain Fuji US Clo II Ltd                                                  | CUSIP: 09629EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       385296 | PA      | $385550.80     | 0.00%             | 2030-10-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO XXII Ltd                                                        | CUSIP: 09629PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       296772 | PA      | $296771.04     | 0.00%             | 2031-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO XXII Ltd                                                        | CUSIP: 09629PAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249551.13     | 0.00%             | 2031-07-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2018-2 Ltd                                                      | CUSIP: 09629VAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2486389 | PA      | $2486473.18    | 0.02%             | 2031-08-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2018-2 Ltd                                                      | CUSIP: 09629VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249774.50     | 0.00%             | 2031-08-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2018-3 Ltd                                                      | CUSIP: 09630AAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4892733 | PA      | $4892793.33    | 0.04%             | 2030-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2018-3 Ltd                                                      | CUSIP: 09630AAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1650000 | PA      | $1655023.26    | 0.01%             | 2030-10-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO XXX Ltd                                                         | CUSIP: 09630QAU5<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |      2900000 | PA      | $2900725.00    | 0.02%             | 2035-04-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust                            | BOCA Commercial Mortgage Trust 2024-BOCA                                         | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6000000 | PA      | $6018750.00    | 0.04%             | 2041-08-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                             | Boeing Co/The                                                                    | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |        12300 | NS      | $796056.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                                 | Boeing Co/The                                                                    | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     11542000 | PA      | $8553203.49    | 0.06%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                            | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      2718000 | PA      | $2931368.44    | 0.02%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                            | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      1416000 | PA      | $1486645.66    | 0.01%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                          | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |      1491000 | PA      | $1435668.99    | 0.01%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2023-NQM8                                        | CUSIP: 10567MAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4186000 | PA      | $4249631.39    | 0.03%             | 2063-10-25      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2023-NQM1                                        | CUSIP: 10568MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2139840 | PA      | $2136809.57    | 0.02%             | 2063-01-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2024-NQM4                                        | CUSIP: 10568NAA0<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |      1316880 | PA      | $1299208.91    | 0.01%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2024-NQM4                                        | CUSIP: 10568NAB8<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |       877920 | PA      | $864359.81     | 0.01%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2021-NQM3                                        | CUSIP: 105690AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1455457 | PA      | $1357218.06    | 0.01%             | 2060-04-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2021-NQM2                                        | CUSIP: 10569EAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       310346 | PA      | $302756.27     | 0.00%             | 2060-03-25      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2022-NQM3                                        | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1491763 | PA      | $1488643.75    | 0.01%             | 2062-07-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2024-NQM2                                        | CUSIP: 10569KAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1300000 | PA      | $1321953.62    | 0.01%             | 2064-02-25      | Fixed         | 7.91%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2024-NQM3                                        | CUSIP: 10569LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1028504 | PA      | $1038801.79    | 0.01%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2025-NQM2                                        | CUSIP: 10569NAC5<br>LEI: 254900TZWRKTBX2YNW23 | Long             | ABS-MBS          | CORP              | US        |      2902502 | PA      | $2925881.65    | 0.02%             | 2064-11-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2024-CES2                                        | CUSIP: 10570PAA1<br>LEI: 2549009UFWL9U1TS6959 | Long             | ABS-MBS          | CORP              | US        |      4070635 | PA      | $4090269.96    | 0.03%             | 2054-09-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2025-NQM4                                        | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-MBS          | CORP              | US        |     12941826 | PA      | $13057950.47   | 0.09%             | 2065-02-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust 2024-NQM8                                        | CUSIP: 10571DAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9695531 | PA      | $9608776.56    | 0.07%             | 2053-08-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | Bravo Residential Funding Trust 2025-Nqm3                                        | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |      1204418 | PA      | $1212968.48    | 0.01%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO Ltd                                     | Bridge Street CLO VI Ltd                                                         | CUSIP: 10806PAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $4962560.00    | 0.04%             | 2039-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                            | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |       250000 | PA      | $257701.25     | 0.00%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                            | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |      1495000 | PA      | $1552473.78    | 0.01%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                  | British Telecommunications PLC                                                   | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |       291000 | PA      | $286715.14     | 0.00%             | 2081-11-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                              | Broadcom Inc                                                                     | CUSIP: 11135FCS8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      5188000 | PA      | $4046727.47    | 0.03%             | 2051-02-15      | Fixed         | 3.75%                 | 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        |       753000 | PA      | $753042.17     | 0.01%             | 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        |      1856000 | PA      | $1714691.71    | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                   | Bryant Park Funding 2023-19 Ltd                                                  | CUSIP: 11765AAQ2<br>LEI: 5493004CTFWJSWYD8564 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001079.50    | 0.01%             | 2038-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                   | Bryant Park Funding 2023-19 Ltd                                                  | CUSIP: 11765AAY5<br>LEI: 5493004CTFWJSWYD8564 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $749470.35     | 0.01%             | 2038-04-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                   | Bryant Park Funding 2023-19 Ltd                                                  | CUSIP: 11765ABA6<br>LEI: 5493004CTFWJSWYD8564 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1503285.75    | 0.01%             | 2038-04-15      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                   | Bryant Park Funding 2024-25 Ltd                                                  | CUSIP: 117913AA1<br>LEI: 391200WG98O5N39H7C57 | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2505699.25    | 0.02%             | 2038-01-18      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                   | Bryant Park Funding 2024-25 Ltd                                                  | CUSIP: 117913AE3<br>LEI: 391200WG98O5N39H7C57 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1502735.10    | 0.01%             | 2038-01-18      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                       | Buckeye Partners LP                                                              | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |       419000 | PA      | $414315.83     | 0.00%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                       | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |      1525000 | PA      | $1509678.02    | 0.01%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                       | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |      2025000 | PA      | $2097162.90    | 0.02%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                       | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |      1236000 | PA      | $1289989.72    | 0.01%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                  | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |      1595000 | PA      | $1578957.81    | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                  | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |       257000 | PA      | $266343.75     | 0.00%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                  | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |      5931000 | PA      | $6142280.01    | 0.04%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                  | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |       934000 | PA      | $980655.17     | 0.01%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                  | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |       510000 | PA      | $506547.30     | 0.00%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                  | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |      4119000 | PA      | $4263116.23    | 0.03%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                  | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |      2203000 | PA      | $2174984.67    | 0.02%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-GPA3                                           | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2501085 | PA      | $2504211.43    | 0.02%             | 2039-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-GPA3                                           | CUSIP: 123910AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       722393 | PA      | $723747.49     | 0.01%             | 2039-12-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2025-TAIL                                                               | CUSIP: 123912AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5130000 | PA      | $5126441.83    | 0.04%             | 2035-06-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| BWAY Mortgage Trust                                       | BWAY Trust 2025-1535                                                             | CUSIP: 12430BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5867000 | PA      | $6080181.55    | 0.04%             | 2042-05-05      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-MDHS                                           | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9359190 | PA      | $9365039.37    | 0.07%             | 2041-05-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-AIRC                                           | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11014337 | PA      | $11028104.62   | 0.08%             | 2039-08-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2024-GPA2                                           | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5750000 | PA      | $5750000.00    | 0.04%             | 2041-11-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2022-LBA6                                                               | CUSIP: 12433EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5385000 | PA      | $5378308.06    | 0.04%             | 2039-01-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2022-LBA6                                                               | CUSIP: 12433EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2450000 | PA      | $2445432.47    | 0.02%             | 2039-01-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2025-SPOT                                           | CUSIP: 12433FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6207624 | PA      | $6207624.08    | 0.05%             | 2040-04-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2025-SPOT                                           | CUSIP: 12433FAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6099804 | PA      | $6107429.05    | 0.04%             | 2040-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Trust 2025-VLT6                                                               | CUSIP: 12433KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8242000 | PA      | $8239424.38    | 0.06%             | 2042-03-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                  | BX Commercial Mortgage Trust 2023-XL3                                            | CUSIP: 12434GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8773972 | PA      | $8782197.61    | 0.06%             | 2040-12-09      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization           | Credit-Based Asset Servicing and Securitization LLC                              | CUSIP: 12489WHY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3579579 | PA      | $3588297.34    | 0.03%             | 2033-07-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4611000 | PA      | $4584417.12    | 0.03%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       100000 | PA      | $98996.35      | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10621000 | PA      | $10099138.23   | 0.07%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       223000 | PA      | $209043.37     | 0.00%             | 2030-08-15      | Fixed         | 4.50%                 | 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        |      6312000 | PA      | $5713108.10    | 0.04%             | 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        |      8268000 | PA      | $7168323.75    | 0.05%             | 2033-06-01      | 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        |      8083000 | PA      | $6787485.54    | 0.05%             | 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        |      8207000 | PA      | $7429955.99    | 0.05%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7226000 | PA      | $7282868.62    | 0.05%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4243000 | PA      | $4306814.72    | 0.03%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| CBAM CLO Management                                       | CBAM 2020-13 Ltd                                                                 | CUSIP: 12511AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $1998027.80    | 0.01%             | 2034-01-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                       | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      2177000 | PA      | $2183692.10    | 0.02%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                              | CD 2018-CD7 Mortgage Trust                                                       | CUSIP: 12512JAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       430000 | PA      | $420352.39     | 0.00%             | 2051-08-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                                 | CBAM 2018-5 Ltd                                                                  | CUSIP: 12516LAC9<br>LEI: 25490038OT2B8HTRW786 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007323.00    | 0.02%             | 2038-10-17      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| CENT Trust                                                | CENT 2025-CITY                                                                   | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7335000 | PA      | $7428489.71    | 0.05%             | 2040-07-10      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| CEDR TRUST                                                | CEDR Commercial Mortgage Trust 2022-SNAI                                         | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       300000 | PA      | $295653.99     | 0.00%             | 2039-02-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CFK Trust                                                 | CFK Trust 2020-MF2                                                               | CUSIP: 12529AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       500000 | PA      | $473454.70     | 0.00%             | 2039-03-15      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                            | CFMT 2024-HB14 LLC                                                               | CUSIP: 12530XAC5<br>LEI: 9845005986F840FBE847 | Long             | ABS-MBS          | CORP              | US        |       314718 | PA      | $302095.61     | 0.00%             | 2034-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                            | CFMT 2024-R1 LLC                                                                 | CUSIP: 12530YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3828341 | PA      | $3777691.25    | 0.03%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                           | CFCRE Commercial Mortgage Trust 2016-C4                                          | CUSIP: 12531YAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       435000 | PA      | $432409.62     | 0.00%             | 2058-05-10      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      3256000 | PA      | $2906635.50    | 0.02%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      1560000 | PA      | $1462308.74    | 0.01%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     11383000 | PA      | $12271215.49   | 0.09%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: —       |
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      5713000 | PA      | $6048850.13    | 0.04%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2021-IV Ltd                                                         | CUSIP: 12547DAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2250000 | PA      | $2255341.50    | 0.02%             | 2037-07-23      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2021-IV Ltd                                                         | CUSIP: 12547DAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3730000 | PA      | $3747491.46    | 0.03%             | 2037-07-23      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2020-II Ltd                                                         | CUSIP: 12547LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2840000 | PA      | $2841736.66    | 0.02%             | 2034-10-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2014-II-R Ltd                                                       | CUSIP: 12548RAH7<br>LEI: 549300O8WGQU5B6HEB94 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007604.40    | 0.02%             | 2037-10-24      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2014 Ltd                                                            | CUSIP: 12549JBC4<br>LEI: 54930034H2IEPBE5Q044 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $499962.55     | 0.00%             | 2031-01-18      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2015-IV Ltd                                                         | CUSIP: 12550TAY1<br>LEI: 549300ZXX0SJBZWIWI81 | Long             | ABS-CBDO         | CORP              | KY        |      2750000 | PA      | $2750851.13    | 0.02%             | 2034-04-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2017-V Ltd                                                          | CUSIP: 12551MAL3<br>LEI: 635400BTAKRBKGRV3X14 | Long             | ABS-CBDO         | CORP              | KY        |      3670000 | PA      | $3678163.92    | 0.03%             | 2037-07-17      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2018-III Ltd                                                        | CUSIP: 12551YAJ2<br>LEI: 635400OB7ZCBUWDQNV87 | Long             | ABS-CBDO         | CORP              | KY        |      3841000 | PA      | $3846688.14    | 0.03%             | 2038-10-18      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2018-III Ltd                                                        | CUSIP: 12551YAN3<br>LEI: 635400OB7ZCBUWDQNV87 | Long             | ABS-CBDO         | CORP              | KY        |       640000 | PA      | $640937.02     | 0.00%             | 2038-10-18      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2018-III Ltd                                                        | CUSIP: 12551YAS2<br>LEI: 635400OB7ZCBUWDQNV87 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3001176.90    | 0.02%             | 2038-10-18      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | Cifc Funding 2014-IV-R Ltd                                                       | CUSIP: 12552FBJ1<br>LEI: 5493006JGTCIL6LCS728 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3004815.00    | 0.02%             | 2035-01-17      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2021-VI Ltd                                                         | CUSIP: 12553SAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1370000 | PA      | $1371500.70    | 0.01%             | 2034-10-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-II Ltd                                                         | CUSIP: 12554ABA9<br>LEI: 254900JI8OLAMXS6KW67 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2002636.00    | 0.01%             | 2038-10-17      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-II Ltd                                                         | CUSIP: 12554ABJ0<br>LEI: 254900JI8OLAMXS6KW67 | Long             | ABS-CBDO         | CORP              | KY        |      4450000 | PA      | $4439334.24    | 0.03%             | 2038-10-17      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-III Ltd                                                        | CUSIP: 12554VBE5<br>LEI: 254900SVOWCOSOG16T40 | Long             | ABS-CBDO         | CORP              | KY        |      1820000 | PA      | $1826173.44    | 0.01%             | 2038-01-16      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-V Ltd                                                          | CUSIP: 12554XBE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004586.80    | 0.01%             | 2038-10-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-V Ltd                                                          | CUSIP: 12554XBG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3440000 | PA      | $3453747.27    | 0.03%             | 2038-10-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2020-I Ltd                                                          | CUSIP: 12555QAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2745000 | PA      | $2746672.25    | 0.02%             | 2036-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-VI Ltd                                                         | CUSIP: 12555XAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4700000 | PA      | $4716347.54    | 0.03%             | 2037-07-16      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| CIT Mortgage Loan Trust                                   | CIT Mortgage Loan Trust 2007-1                                                   | CUSIP: 12559QAH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4000000 | PA      | $4007644.80    | 0.03%             | 2037-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| CIT Mortgage Loan Trust                                   | CIT Mortgage Loan Trust 2007-1                                                   | CUSIP: 12559QAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       942000 | PA      | $928891.50     | 0.01%             | 2037-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| CIT Mortgage Loan Trust                                   | CIT Mortgage Loan Trust 2007-1                                                   | CUSIP: 12559QAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3321271 | PA      | $3201779.90    | 0.02%             | 2037-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2020-III Ltd                                                        | CUSIP: 12560EAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      7560000 | PA      | $7568428.64    | 0.06%             | 2038-10-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2021-I Ltd                                                          | CUSIP: 12563EAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250750.60     | 0.00%             | 2037-07-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2021-III Ltd                                                        | CUSIP: 12564DAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001315.20    | 0.01%             | 2038-10-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2021-R6                                                                | CUSIP: 12567RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6042787 | PA      | $5476499.02    | 0.04%             | 2061-07-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2022-IV Ltd                                                         | CUSIP: 12567WAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2100000 | PA      | $2100406.56    | 0.02%             | 2035-07-16      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2023-I1                                                                | CUSIP: 12570DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5095000 | PA      | $5109377.07    | 0.04%             | 2058-04-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2023-I2                                                                | CUSIP: 12570HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       645455 | PA      | $648719.03     | 0.00%             | 2067-12-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2023-I2                                                                | CUSIP: 12570HAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5095000 | PA      | $5142323.18    | 0.04%             | 2067-12-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2022-I Ltd                                                          | CUSIP: 12570LAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5004531.50    | 0.04%             | 2035-04-17      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2025-I1                                                                | CUSIP: 12571DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3289071 | PA      | $3317002.66    | 0.02%             | 2069-10-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2025-I1                                                                | CUSIP: 12571DAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3560870 | PA      | $3596053.89    | 0.03%             | 2069-10-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2025-I Ltd                                                          | CUSIP: 12572VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $999495.40     | 0.01%             | 2038-04-23      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2025-I Ltd                                                          | CUSIP: 12572VAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2504730.25    | 0.02%             | 2038-04-23      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| CIP Commercial Mortgage Trust 2025-SBAY                   | CIP Commercial Mortgage Trust 2025-SBAY                                          | CUSIP: 12576AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9606000 | PA      | $9615005.63    | 0.07%             | 2037-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| CIP Commercial Mortgage Trust 2025-SBAY                   | CIP Commercial Mortgage Trust 2025-SBAY                                          | CUSIP: 12576AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4905000 | PA      | $4911131.25    | 0.04%             | 2037-10-15      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC Trust 2016-NXSR                                                             | CUSIP: 12594PAZ4<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |       900000 | PA      | $880106.76     | 0.01%             | 2049-12-15      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                           | CSAIL 2019-C16 Commercial Mortgage Trust                                         | CUSIP: 12596WAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       915000 | PA      | $875956.95     | 0.01%             | 2052-06-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                           | CSAIL 2019-C18 Commercial Mortgage Trust                                         | CUSIP: 12597DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        72000 | PA      | $66099.74      | 0.00%             | 2052-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC 2020-AFC1 Trust                                                             | CUSIP: 12597MAA3<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      3843284 | PA      | $3688587.43    | 0.03%             | 2050-02-25      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2020-3 Mortgage Loan Trust                                                  | CUSIP: 12597QAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        39847 | PA      | $39394.29      | 0.00%             | 2065-04-27      | Variable      | 2.02%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                        | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |      6669000 | PA      | $6956917.40    | 0.05%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2023-2 Mortgage Loan Trust                                                  | CUSIP: 12598UAA4<br>LEI: 213800IHRVKO9R6JZ883 | Long             | ABS-MBS          | CORP              | US        |      2296237 | PA      | $2310108.55    | 0.02%             | 2068-07-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2023-4 Mortgage Loan Trust                                                  | CUSIP: 12598WAD4<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $2041750.00    | 0.01%             | 2068-10-25      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | Cifc Funding 2023-III Ltd                                                        | CUSIP: 12598YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2008980.20    | 0.01%             | 2037-01-20      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-INV2 Mortgage Loan Trust                                               | CUSIP: 12622SAE1<br>LEI: 2138001M5YM45SK1QW14 | Long             | ABS-MBS          | CORP              | US        |      1900000 | PA      | $1935640.96    | 0.01%             | 2069-05-25      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC Trust 2015-WIN1                                                             | CUSIP: 12649KAP2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |       128881 | PA      | $120451.59     | 0.00%             | 2044-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC Trust 2015-3                                                                | CUSIP: 12649XAH2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |       125575 | PA      | $117389.21     | 0.00%             | 2045-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                        | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      1128000 | PA      | $1132532.30    | 0.01%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                        | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |       809000 | PA      | $837396.71     | 0.01%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                        | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      2244000 | PA      | $2339695.38    | 0.02%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC Series 2019-NQM1                                                            | CUSIP: 12655VAC8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      2057649 | PA      | $2040782.58    | 0.01%             | 2059-10-25      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2020-2R Mortgage Loan Trust                                                 | CUSIP: 12656GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       731505 | PA      | $691815.72     | 0.01%             | 2065-10-26      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2021-2R Mortgage Loan Trust                                                 | CUSIP: 12656YAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       854022 | PA      | $778754.29     | 0.01%             | 2054-07-27      | Fixed         | 1.21%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC 2021-AFC1 Trust                                                             | CUSIP: 12657LAA2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      2150260 | PA      | $1835112.38    | 0.01%             | 2056-03-25      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                  | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2178000 | PA      | $2154859.40    | 0.02%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC 2021-BHAR                                                                   | CUSIP: 12659VAA8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      1505000 | PA      | $1493712.50    | 0.01%             | 2038-11-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2022-3 Mortgage Loan Trust                                                  | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       134511 | PA      | $132570.19     | 0.00%             | 2067-02-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                            | CVR Energy Inc                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |      5200000 | PA      | $5329157.60    | 0.04%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                           | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      1740000 | PA      | $1808256.72    | 0.01%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                           | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      4937000 | PA      | $5187212.10    | 0.04%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2004-9                                     | CUSIP: 126673GD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1936556 | PA      | $1743906.81    | 0.01%             | 2034-08-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2004-J13                                                  | CUSIP: 12667FD51<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3502590 | PA      | $3359036.12    | 0.02%             | 2035-02-25      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2006-25                                    | CUSIP: 12668HAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2154937 | PA      | $2087247.39    | 0.02%             | 2037-06-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2007-J1                                          | CUSIP: 12669MAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4844865 | PA      | $1729672.51    | 0.01%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                       | COMM 2024-CBM Mortgage Trust                                                     | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8550000 | PA      | $8708767.52    | 0.06%             | 2041-12-10      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2025-4 Mortgage Loan Trust                                                  | CUSIP: 12674HAA0<br>LEI: 2138002WIT3BHLQD3E93 | Long             | ABS-MBS          | CORP              | US        |     11370104 | PA      | $11494287.45   | 0.08%             | 2070-04-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                       | COMM 2025-167G Mortgage Trust                                                    | CUSIP: 12674VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5783000 | PA      | $5806718.40    | 0.04%             | 2040-08-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                       | COMM 2025-167G Mortgage Trust                                                    | CUSIP: 12674VAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2395000 | PA      | $2398249.54    | 0.02%             | 2040-08-10      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2025-9 Mortgage Loan Trust                                                  | CUSIP: 12675LAG7<br>LEI: 2138009YFK2M431KTX57 | Long             | ABS-MBS          | CORP              | US        |      2900000 | PA      | $2904106.11    | 0.02%             | 2070-09-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2025-10 Mortgage Loan Trust                                                 | CUSIP: 12675XAJ5<br>LEI: 213800STFGFKQEQSRE63 | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2999481.90    | 0.02%             | 2070-10-25      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Castle Hill INGOTS Ltd                                    | CSTL Commercial Mortgage Trust 2025-GATE2                                        | CUSIP: 12676JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2910000 | PA      | $2895146.78    | 0.02%             | 2042-11-10      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                    | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |       693000 | PA      | $720525.96     | 0.01%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                     | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      1829000 | PA      | $1720709.85    | 0.01%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| CAESARS ENTERTAIN INC                                     | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      3474000 | PA      | $3574464.61    | 0.03%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                     | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      7066000 | PA      | $7124838.58    | 0.05%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                     | Caesars Entertainment Inc                                                        | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |       609000 | PA      | $580969.80     | 0.00%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                             | CAFL 2024-RTL1 Issuer LLC                                                        | CUSIP: 12770DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $3036335.10    | 0.02%             | 2031-11-28      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| CALI Mortgage Trust                                       | Cali 2024-Sun                                                                    | CUSIP: 12988DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4580000 | PA      | $4585725.00    | 0.03%             | 2041-07-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                  | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      1741000 | PA      | $1759043.72    | 0.01%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                  | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |       985000 | PA      | $1024658.03    | 0.01%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                  | California Resources Corp                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |       114000 | PA      | $113492.59     | 0.00%             | 2034-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Symphony CLO Ltd                                          | California Street CLO IX LP                                                      | CUSIP: 13079WDC9<br>LEI: 5493001GRJRD2VIG9H40 | Long             | ABS-CBDO         | CORP              | KY        |       673351 | PA      | $673184.33     | 0.00%             | 2032-07-16      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                              | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |       475000 | PA      | $474947.80     | 0.00%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| CALPINE CORP                                              | Calpine Corp                                                                     | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |        79000 | PA      | $75836.11      | 0.00%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| CAMELOT RETURN MERGER SU                                  | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6411000 | PA      | $5926432.90    | 0.04%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Canyon Capital CLO Ltd                                    | Canyon CLO 2020-3 Ltd                                                            | CUSIP: 13876RAN4<br>LEI: 25490032WO5XW3V7KL43 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250491.83     | 0.00%             | 2037-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                    | Canyon Capital CLO 2021-2 Ltd                                                    | CUSIP: 13876XAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250296.33     | 0.00%             | 2034-04-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                    | Canyon CLO 2018-1 Ltd                                                            | CUSIP: 13877BAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       379368 | PA      | $379367.64     | 0.00%             | 2031-07-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                    | Canyon Capital CLO 2022-2 Ltd                                                    | CUSIP: 13877LAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      2835000 | PA      | $2835262.24    | 0.02%             | 2038-04-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                    | Canyon Capital CLO 2016-1 Ltd                                                    | CUSIP: 13887PAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       600755 | PA      | $600751.89     | 0.00%             | 2031-07-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                  | Capital One Financial Corp                                                       | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      9389000 | PA      | $9320663.57    | 0.07%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                  | Capital One Financial Corp                                                       | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      8750000 | PA      | $8691933.60    | 0.06%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| Carbone CLO, LTD                                          | Carbone Clo Ltd                                                                  | CUSIP: 141312AA6<br>LEI: 5493005I53NEC017LN87 | Long             | ABS-CBDO         | CORP              | KY        |       579708 | PA      | $580209.72     | 0.00%             | 2031-01-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | Carlyle US CLO 2022-3 Ltd                                                        | CUSIP: 143111AL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      6000000 | PA      | $6018074.40    | 0.04%             | 2037-04-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | Carlyle US CLO 2022-3 Ltd                                                        | CUSIP: 143111AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250773.70     | 0.00%             | 2037-04-20      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | Carlyle Global Market Strategies CLO 2015-1 Ltd                                  | CUSIP: 14311DBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       349909 | PA      | $349907.99     | 0.00%             | 2031-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2021-8 LTD                                                        | CUSIP: 143120AS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2750000 | PA      | $2755545.65    | 0.02%             | 2038-10-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2021-8 LTD                                                        | CUSIP: 143120AW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3001790.10    | 0.02%             | 2038-10-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2017-3 Ltd                                                        | CUSIP: 14314FBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1003272.50    | 0.01%             | 2037-10-21      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | Carlyle Global Market Strategies CLO 2014-2R Ltd                                 | CUSIP: 14314LAC9<br>LEI: 549300K65HYRGER5BW54 | Long             | ABS-CBDO         | CORP              | KY        |       410821 | PA      | $410820.99     | 0.00%             | 2031-05-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2019-2 LTD                                                        | CUSIP: 14316EAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007433.70    | 0.02%             | 2037-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2021-2 LTD                                                        | CUSIP: 14316KAU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1405000 | PA      | $1404273.76    | 0.01%             | 2038-04-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2021-4 LTD                                                        | CUSIP: 14316TAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       580000 | PA      | $580808.75     | 0.00%             | 2034-04-20      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | Carlyle US CLO 2021-7 LTD                                                        | CUSIP: 14316WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5005515.00    | 0.04%             | 2038-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                          | CARLYLE US CLO 2023-1 LTD                                                        | CUSIP: 14318RAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1761708.38    | 0.01%             | 2037-07-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                            | Carrington Mortgage Loan Trust Series 2006-RFC1                                  | CUSIP: 14453EAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1234190 | PA      | $1076228.89    | 0.01%             | 2036-05-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                            | CarVal CLO I Ltd                                                                 | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1565665 | PA      | $1565804.90    | 0.01%             | 2031-07-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                            | CarVal CLO II Ltd                                                                | CUSIP: 14686AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       932030 | PA      | $932124.17     | 0.01%             | 2032-04-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                            | CarVal CLO IV Ltd                                                                | CUSIP: 14687EAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      9000000 | PA      | $9023146.20    | 0.07%             | 2038-03-31      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Cascade MH Asset Trust                                    | Cascade MH Asset Trust 2021-MH1                                                  | CUSIP: 14731QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       252736 | PA      | $229668.64     | 0.00%             | 2046-02-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Cayuga Park CLO, Ltd.                                     | Cayuga Park CLO Ltd                                                              | CUSIP: 149791AP0<br>LEI: 549300SVH2QJEV4A2G21 | Long             | ABS-CBDO         | CORP              | KY        |      3110000 | PA      | $3111080.41    | 0.02%             | 2034-07-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                      | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       934000 | PA      | $929896.95     | 0.01%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                      | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |      1960000 | PA      | $1883815.00    | 0.01%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Cedar Funding Ltd                                         | Cedar Funding V CLO Ltd                                                          | CUSIP: 15032AAN7<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |       271644 | PA      | $271641.92     | 0.00%             | 2031-07-17      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                         | Cedar Funding VII Clo Ltd                                                        | CUSIP: 15032FAL0<br>LEI: 549300G87EGFMLOYN341 | Long             | ABS-CBDO         | CORP              | KY        |      3617070 | PA      | $3617368.76    | 0.03%             | 2031-01-20      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                         | Cedar Funding XI Clo Ltd                                                         | CUSIP: 15033LAW2<br>LEI: 2549004YLPCISGLL7978 | Long             | ABS-CBDO         | CORP              | KY        |      1639351 | PA      | $1639325.10    | 0.01%             | 2032-05-29      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                         | Cedar Funding XIV CLO Ltd                                                        | CUSIP: 15034AAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       550000 | PA      | $551581.91     | 0.00%             | 2037-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      3680000 | PA      | $3697638.24    | 0.03%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      1555000 | PA      | $1610698.55    | 0.01%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                         | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      3449000 | PA      | $3509795.52    | 0.03%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      2031000 | PA      | $2082473.66    | 0.02%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      5338000 | PA      | $5293427.70    | 0.04%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |       328000 | PA      | $322986.52     | 0.00%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| CEMEX SAB DE CV                                           | Cemex SAB de CV                                                                  | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |       408000 | PA      | $424401.60     | 0.00%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                   | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |       985000 | PA      | $922336.07     | 0.01%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                                  | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8287000 | PA      | $6807120.38    | 0.05%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                                   | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5999000 | PA      | $5021679.45    | 0.04%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| CENTURY COMMUNITIES                                       | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |      2578000 | PA      | $2417357.86    | 0.02%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                       | Century Communities Inc                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |       638000 | PA      | $636108.59     | 0.00%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                  | Charles River Laboratories International Inc                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |       836000 | PA      | $826511.15     | 0.01%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CHARLES RIVER LABORATORI                                  | Charles River Laboratories International Inc                                     | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |      2902000 | PA      | $2782292.99    | 0.02%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                  | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |      1373000 | PA      | $1294399.59    | 0.01%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| CHARTER COMM OPT LLC/CAP                                  | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BC7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      3500000 | PA      | $3480553.16    | 0.03%             | 2055-10-23      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                  | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10464000 | PA      | $6479451.22    | 0.05%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-3                                  | CUSIP: 16159HAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3355983 | PA      | $3401030.25    | 0.02%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-1                                  | CUSIP: 16160DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1428376 | PA      | $1448853.33    | 0.01%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-1                                  | CUSIP: 16160DAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       718453 | PA      | $725566.85     | 0.01%             | 2055-01-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-2                                  | CUSIP: 161929BH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1251763 | PA      | $1265703.65    | 0.01%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                               | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |      4168000 | PA      | $3657465.43    | 0.03%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                               | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |      4207000 | PA      | $4066235.46    | 0.03%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Chesapeake Funding II LLC                                 | Chesapeake Funding II LLC                                                        | CUSIP: 165183CU6<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |        45445 | PA      | $45696.80      | 0.00%             | 2035-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                 | Chesapeake Funding II LLC                                                        | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |       204028 | PA      | $206655.35     | 0.00%             | 2035-10-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                         | Chile Government International Bond                                              | CUSIP: 168863CA4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |       400000 | PA      | $398500.00     | 0.00%             | 2026-01-21      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                      | Chile Government International Bonds                                             | CUSIP: 168863DX3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |       952000 | PA      | $935816.00     | 0.01%             | 2027-01-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                      | Chile Government International Bonds                                             | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |       821000 | PA      | $736847.50     | 0.01%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                  | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3830000 | PA      | $3983219.15    | 0.03%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust 2022-1                               | CHNGE Mortgage Trust 2022-1                                                      | CUSIP: 17030JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1799829 | PA      | $1737724.68    | 0.01%             | 2067-01-25      | Variable      | 3.01%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                       | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      4231000 | PA      | $4192929.46    | 0.03%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                       | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      1106000 | PA      | $1105602.28    | 0.01%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                       | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |       287000 | PA      | $293440.57     | 0.00%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2018-II Ltd                                                         | CUSIP: 17180WAJ4<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-CBDO         | CORP              | KY        |      2250000 | PA      | $2256274.80    | 0.02%             | 2037-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2018-II Ltd                                                         | CUSIP: 17180WAN5<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2507134.00    | 0.02%             | 2037-10-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2017-I Ltd                                                          | CUSIP: 17181PAC3<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-CBDO         | CORP              | KY        |       320000 | PA      | $320972.38     | 0.00%             | 2037-04-21      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                          | CIFC Funding 2019-VII Ltd                                                        | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5007448.50    | 0.04%             | 2038-10-19      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                          | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |      3305000 | PA      | $3289702.15    | 0.02%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| CINEMARK USA INC                                          | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |      2279000 | PA      | $2361764.16    | 0.02%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Citigroup Commercial Mortgage Trust                       | Citigroup Commercial Mortgage Trust 2016-GC37                                    | CUSIP: 17290XAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $994785.60     | 0.01%             | 2049-04-10      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                       | Citigroup Commercial Mortgage Trust 2018-C5                                      | CUSIP: 17291DAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       425000 | PA      | $419047.32     | 0.00%             | 2051-06-10      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                       | Citigroup Commercial Mortgage Trust 2023-SMRT                                    | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2310000 | PA      | $2377527.77    | 0.02%             | 2040-10-12      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | Citigroup Inc                                                                    | CUSIP: 17292GAT2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |     40455000 | PA      | $40143334.68   | 0.29%             | 2030-09-09      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | Citigroup Inc                                                                    | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      8565000 | PA      | $8764835.07    | 0.06%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                       | Citigroup Commercial Mortgage Trust 2020-420K                                    | CUSIP: 17328QAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       833000 | PA      | $746720.78     | 0.01%             | 2042-11-10      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                  | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      1498000 | PA      | $1534366.95    | 0.01%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                  | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      8137000 | PA      | $8325632.18    | 0.06%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| CLARIV SCI HLD CORP                                       | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3136000 | PA      | $3020141.73    | 0.02%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| CLEAR CHANNEL OUTDOOR HO                                  | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      4520000 | PA      | $4738618.84    | 0.03%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| CLEAR CHANNEL OUTDOOR HO                                  | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      3392000 | PA      | $3546892.29    | 0.03%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                      | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |       258000 | PA      | $263718.83     | 0.00%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                      | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      6587000 | PA      | $6735160.53    | 0.05%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                                      | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      1573000 | PA      | $1615319.99    | 0.01%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                                      | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      1051000 | PA      | $1087343.58    | 0.01%             | 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        |      1574000 | PA      | $1647708.85    | 0.01%             | 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        |      3462000 | PA      | $3599309.29    | 0.03%             | 2034-01-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| CLOUD SOFTWARE GRP INC                                    | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     14006000 | PA      | $14486966.04   | 0.11%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                    | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      8297000 | PA      | $8718603.76    | 0.06%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Fort Greene Park CLO                                      | Fort Greene Park CLO LLC                                                         | CUSIP: 18914KAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $992128.20     | 0.01%             | 2034-04-22      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                    | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      3631000 | PA      | $3645505.85    | 0.03%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                    | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      9842000 | PA      | $9862126.89    | 0.07%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                    | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |        34000 | PA      | $34115.53      | 0.00%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Coast Investment Grade                                    | COAST Commercial Mortgage Trust 2023-2HTL                                        | CUSIP: 19033EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2644614 | PA      | $2642967.73    | 0.02%             | 2036-08-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                    | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      3726000 | PA      | $3717610.91    | 0.03%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| COGENT COMMS GRP / FIN                                    | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAA7<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      1532000 | PA      | $1527108.94    | 0.01%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                    | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      2211000 | PA      | $2111426.07    | 0.02%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| PERMIAN RESOURC OPTG LLC                                  | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      3885000 | PA      | $3888395.49    | 0.03%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                 | College Ave Student Loans 2021-A LLC                                             | CUSIP: 19424KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       318127 | PA      | $292020.19     | 0.00%             | 2051-07-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                 | College Ave Student Loans 2021-C LLC                                             | CUSIP: 19424WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1012458 | PA      | $1004119.13    | 0.01%             | 2055-07-26      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                 | College Ave Student Loans 2021-C LLC                                             | CUSIP: 19424WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       146086 | PA      | $137121.60     | 0.00%             | 2055-07-26      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                 | College Ave Student Loans 2021-C LLC                                             | CUSIP: 19424WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        71798 | PA      | $67808.05      | 0.00%             | 2055-07-26      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                 | College Ave Student Loans 2021-B LLC                                             | CUSIP: 19425AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       770275 | PA      | $763042.38     | 0.01%             | 2052-06-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                          | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      1148000 | PA      | $1261939.00    | 0.01%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                          | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |       656000 | PA      | $697164.00     | 0.01%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |       348000 | PA      | $379755.00     | 0.00%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                          | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |       200000 | PA      | $230000.00     | 0.00%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |       535000 | PA      | $570310.00     | 0.00%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-5 Mortgage Loan Trust                                                  | CUSIP: 19685AAA7<br>LEI: 213800AWBXHFGYDU9Q16 | Long             | ABS-MBS          | CORP              | US        |      5573969 | PA      | $5574226.26    | 0.04%             | 2069-08-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2022-4 Mortgage Loan Trust                                                  | CUSIP: 19685GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1591640 | PA      | $1586017.31    | 0.01%             | 2067-03-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2021-1RMortgage Pass-Through Certificates                                   | CUSIP: 19688BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2678055 | PA      | $2447007.58    | 0.02%             | 2065-05-25      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2021-3 Mortgage Loan Trust                                                  | CUSIP: 19688FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       670554 | PA      | $567484.70     | 0.00%             | 2066-09-27      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2022-1 Mortgage Loan Trust                                                  | CUSIP: 19688HAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       582000 | PA      | $509195.06     | 0.00%             | 2066-12-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2020-2 Mortgage Loan Trust                                                  | CUSIP: 19688JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1500000 | PA      | $1490133.15    | 0.01%             | 2065-03-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2022-5 Mortgage Loan Trust                                                  | CUSIP: 19688LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       877000 | PA      | $877000.00     | 0.01%             | 2067-03-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2023-1 Mortgage Loan Trust                                                  | CUSIP: 19688NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       257660 | PA      | $258209.04     | 0.00%             | 2068-04-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-INV4 Mortgage Loan Trust                                               | CUSIP: 19688QAA9<br>LEI: 2138008UGM66WOAUY633 | Long             | ABS-MBS          | CORP              | US        |      7460811 | PA      | $7506505.82    | 0.05%             | 2069-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2023-3 Mortgage Loan Trust                                                  | CUSIP: 19688RAB5<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |        74864 | PA      | $75721.46      | 0.00%             | 2068-09-25      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2023-3 Mortgage Loan Trust                                                  | CUSIP: 19688RAD1<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $2026107.80    | 0.01%             | 2068-09-25      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-1 Mortgage Loan Trust                                                  | CUSIP: 19688TAA3<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |      1120731 | PA      | $1127358.83    | 0.01%             | 2069-02-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-3 Mortgage Loan Trust                                                  | CUSIP: 19688VAE0<br>LEI: 213800YFAHWZN77V6P52 | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $2041040.40    | 0.01%             | 2069-06-25      | Variable      | 7.87%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-6 Mortgage Loan Trust                                                  | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |      4767423 | PA      | $4785757.71    | 0.03%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | Colt 2024-7 Mortgage Loan Trust                                                  | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |      6907170 | PA      | $6948418.10    | 0.05%             | 2069-12-26      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2025-7 Mortgage Loan Trust                                                  | CUSIP: 19689CAA9<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-MBS          | CORP              | US        |      7772507 | PA      | $7824152.83    | 0.06%             | 2070-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2025-7 Mortgage Loan Trust                                                  | CUSIP: 19689CAE1<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-MBS          | CORP              | US        |      1400000 | PA      | $1404730.04    | 0.01%             | 2070-06-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2025-8 Mortgage Loan Trust                                                  | CUSIP: 19689DAE9<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-MBS          | CORP              | US        |      2670932 | PA      | $2691671.79    | 0.02%             | 2070-08-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                       | COMM 2024-WCL1 MORTGAGE TRUST                                                    | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7215000 | PA      | $7187943.75    | 0.05%             | 2041-06-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                       | COMM 2024-WCL1 MORTGAGE TRUST                                                    | CUSIP: 20047DAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3566000 | PA      | $3574850.10    | 0.03%             | 2041-06-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                       | COMM 2025-SBX Mortgage Trust                                                     | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3731000 | PA      | $3748149.54    | 0.03%             | 2041-08-10      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC                       | Compass Datacenters Issuer III LLC                                               | CUSIP: 20469BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5205000 | PA      | $5258355.41    | 0.04%             | 2050-07-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                    | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |      6467000 | PA      | $6403524.45    | 0.05%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Concord Music Royalties, LLC                              | Concord Music Royalties LLC                                                      | CUSIP: 20633KAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1013000 | PA      | $1019600.51    | 0.01%             | 2074-10-20      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CART                                                      | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6278000 | PA      | $6270152.50    | 0.05%             | 2041-08-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CART                                                      | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       690000 | PA      | $689149.02     | 0.01%             | 2041-08-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                  | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      5552000 | PA      | $5879090.53    | 0.04%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| CONSTELLIUM SE                                            | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |      1226000 | PA      | $1170553.08    | 0.01%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONTINUUM ENERGY PTE LTD                                  | CONTINUUM ENERGY PTE LTD                                                         | CUSIP: 211926AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      1783385 | PA      | $1783385.00    | 0.01%             | 2027-09-11      | Variable      | 12.85%                | No            |                  3 | On Loan: —       |
| COREWEAVE INC                                             | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      7096000 | PA      | $7165015.70    | 0.05%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                             | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      4964000 | PA      | $4978519.70    | 0.04%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                      | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |      6625000 | PA      | $6113039.21    | 0.04%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| CORP FINANCIERA DE DESAR                                  | Corp Financiera de Desarrollo SA                                                 | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |       440000 | PA      | $451572.00     | 0.00%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                     | Costa Rica Government International Bond                                         | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |       437000 | PA      | $488482.97     | 0.00%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                        | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |       273000 | PA      | $289773.12     | 0.00%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                        | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |       541000 | PA      | $568185.25     | 0.00%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                      | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |      2888000 | PA      | $2713691.01    | 0.02%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                          | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       123000 | PA      | $128991.58     | 0.00%             | 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        |      6318000 | PA      | $6314967.36    | 0.05%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| CreekSource (Dunes Creek) CLO Ltd                         | Creeksource 2024-1 Dunes Creek Clo Ltd                                           | CUSIP: 225914AJ9<br>LEI: 254900CZYOXX4AZ15302 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $251172.73     | 0.00%             | 2038-01-15      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H1 Mortgage Trust                                                     | CUSIP: 22757AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       779928 | PA      | $786208.73     | 0.01%             | 2068-12-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H2 Mortgage Trust                                                     | CUSIP: 22757BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3893925 | PA      | $3929528.97    | 0.03%             | 2069-04-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H7 Mortgage Trust                                                     | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5595572 | PA      | $5629571.56    | 0.04%             | 2069-11-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H3 Mortgage Trust                                                     | CUSIP: 22757EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10850894 | PA      | $10980230.49   | 0.08%             | 2070-04-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H5 Mortgage Trust                                                     | CUSIP: 22757HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5076181 | PA      | $5114093.82    | 0.04%             | 2069-08-26      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H7 Mortgage Trust                                                     | CUSIP: 22757JAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2878400 | PA      | $2855915.09    | 0.02%             | 2070-09-25      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2023-H2 Mortgage Trust                                                     | CUSIP: 22757NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       550189 | PA      | $557932.50     | 0.00%             | 2068-11-25      | Variable      | 7.14%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H1 Mortgage Trust                                                     | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10268387 | PA      | $10356730.87   | 0.08%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H1 Mortgage Trust                                                     | CUSIP: 22758NAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2979333 | PA      | $3009681.68    | 0.02%             | 2070-02-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H2 Mortgage Trust                                                     | CUSIP: 22758PAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2090511 | PA      | $2108583.05    | 0.02%             | 2070-03-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H6 Mortgage Trust                                                     | CUSIP: 22758TAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1636364 | PA      | $1620381.31    | 0.01%             | 2070-07-25      | Variable      | 7.59%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H6 Mortgage Trust                                                     | CUSIP: 227919AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7187200 | PA      | $7180017.52    | 0.05%             | 2069-09-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                        | Crown Americas LLC                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |       676000 | PA      | $685110.45     | 0.00%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Crown City CLO I                                          | Crown City CLO I                                                                 | CUSIP: 22823RAW9<br>LEI: 549300K60T4GC7BSX929 | Long             | ABS-CBDO         | CORP              | KY        |      5800000 | PA      | $5813023.90    | 0.04%             | 2038-07-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd                                       | Crown Point CLO 8 Ltd                                                            | CUSIP: 22846BAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250125.00     | 0.00%             | 2034-10-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC Trust 2013-TH1                                                              | CUSIP: 22944PAA5<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      1146196 | PA      | $1007514.45    | 0.01%             | 2043-02-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| Castle Hill INGOTS Ltd                                    | CSTL Commercial Mortgage Trust 2024-GATE                                         | CUSIP: 22945JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7880000 | PA      | $7902951.29    | 0.06%             | 2041-11-10      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                    | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |      2340000 | PA      | $2506655.64    | 0.02%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Equity Loan Trust                        | CWHEQ Revolving Home Equity Loan Trust Series 2006-F                             | CUSIP: 23242LAA1<br>LEI: 254900WKCCG7QRE77W83 | Long             | ABS-O            | CORP              | US        |      1172462 | PA      | $1114831.79    | 0.01%             | 2036-07-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                  | DK Trust 2025-LXP                                                                | CUSIP: 23292LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5553000 | PA      | $5558205.94    | 0.04%             | 2037-08-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                  | DK Trust 2025-LXP                                                                | CUSIP: 23292LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3764000 | PA      | $3773410.00    | 0.03%             | 2037-08-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                     | DB Master Finance LLC                                                            | CUSIP: 233046AU5<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |      5263000 | PA      | $5276376.44    | 0.04%             | 2055-08-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                               | DBC 2025-DBC Mortgage Trust                                                      | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12748000 | PA      | $12763935.00   | 0.09%             | 2038-06-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                       | DBGS 2024-SBL                                                                    | CUSIP: 23306QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7820000 | PA      | $7820000.00    | 0.06%             | 2034-08-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| DBWF Mortgage Trust                                       | DBWF 2024-LCRS Mortgage Trust                                                    | CUSIP: 23307KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $1997500.00    | 0.01%             | 2037-04-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust                   | DBJPM 2017-C6 Mortgage Trust                                                     | CUSIP: 23312JAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       250000 | PA      | $240728.48     | 0.00%             | 2050-06-10      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                  | DK Trust 2024-SPBX                                                               | CUSIP: 23346LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4910000 | PA      | $4919206.25    | 0.04%             | 2034-03-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                  | DK Trust 2024-SPBX                                                               | CUSIP: 23346LAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1400000 | PA      | $1402625.00    | 0.01%             | 2034-03-15      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| DGWD Trust                                                | DGWD Trust 2025-INFL                                                             | CUSIP: 23347FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7366000 | PA      | $7397796.08    | 0.05%             | 2035-08-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Dwight 2025-FL1 Issuer LLC                                | Dwight 2025-FL1 Issuer LLC                                                       | CUSIP: 233636AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1570000 | PA      | $1567392.07    | 0.01%             | 2042-06-18      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                   | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                  | CUSIP: 23503CGF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      1370000 | PA      | $1461506.27    | 0.01%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                  | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |        33000 | PA      | $32967.66      | 0.00%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                               | Danaos Corp                                                                      | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |      3899000 | PA      | $3927595.27    | 0.03%             | 2028-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                               | Danaos Corp                                                                      | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |      2700000 | PA      | $2655096.22    | 0.02%             | 2032-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| DARLING INGREDIENTS INC                                   | Darling Ingredients Inc                                                          | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |      1068000 | PA      | $1065642.50    | 0.01%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                   | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |      4972000 | PA      | $5025185.48    | 0.04%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      1900000 | PA      | $1834746.59    | 0.01%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     11130000 | PA      | $11539995.81   | 0.08%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                              | DC Trust 2024-HLTN                                                               | CUSIP: 24022FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2440000 | PA      | $2469646.98    | 0.02%             | 2040-04-13      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                              | DC Trust 2024-HLTN                                                               | CUSIP: 24022FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3250000 | PA      | $3265706.93    | 0.02%             | 2040-04-13      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                      | Deephaven Residential Mortgage Trust 2024-1                                      | CUSIP: 24380QAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3329635 | PA      | $3352455.11    | 0.02%             | 2069-07-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                      | Deephaven Residential Mortgage Trust 2021-1                                      | CUSIP: 24380VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1304430 | PA      | $1254021.29    | 0.01%             | 2065-05-25      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                      | Deephaven Residential Mortgage Trust 2021-3                                      | CUSIP: 24381VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       731050 | PA      | $646133.63     | 0.00%             | 2066-08-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                      | Deephaven Residential Mortgage Trust 2022-1                                      | CUSIP: 24382JAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       440000 | PA      | $374038.19     | 0.00%             | 2067-01-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                    | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1893000 | PA      | $1902302.20    | 0.01%             | 2028-06-01      | Fixed         | 7.13%                 | 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        |      5145000 | PA      | $5369980.56    | 0.04%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                       | Delta Air Lines Inc                                                              | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     10048000 | PA      | $10185897.45   | 0.07%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                       | Delta Air Lines Inc                                                              | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |      8033000 | PA      | $8209859.75    | 0.06%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| DENTSPLY SIRONA INC                                       | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |      5273000 | PA      | $5429746.78    | 0.04%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                  | Development Bank of Kazakhstan JSC                                               | CUSIP: 25159XAF0<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    337500000 | PA      | $568874.70     | 0.00%             | 2028-05-23      | Fixed         | 13.49%                | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital CLO 9 Ltd                                                       | CUSIP: 25254AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      6650000 | PA      | $6646014.66    | 0.05%             | 2038-04-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital Clo 3 Ltd                                                       | CUSIP: 25255JAL1<br>LEI: 254900L1QJX98W5ORK78 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3006897.60    | 0.02%             | 2038-01-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital Clo 2 Ltd                                                       | CUSIP: 25255LAS1<br>LEI: 2549008BUJNKS7JJUU65 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3008346.00    | 0.02%             | 2037-10-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital Clo 2 Ltd                                                       | CUSIP: 25255MAL4<br>LEI: 2549008BUJNKS7JJUU65 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1514216.40    | 0.01%             | 2037-10-15      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital CLO 4 Ltd                                                       | CUSIP: 25255NAQ1<br>LEI: 25490087B17FBD0ODC27 | Long             | ABS-CBDO         | CORP              | KY        |      1855000 | PA      | $1859595.76    | 0.01%             | 2037-01-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital CLO 7 Ltd                                                       | CUSIP: 25255WAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1005688.90    | 0.01%             | 2037-07-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| DIAMOND II LTD                                            | Diamond II Ltd                                                                   | CUSIP: 25276VAA3<br>LEI: 254900KL4GQ2XC50XL44 | Long             | DBT              | CORP              | MU        |       435000 | PA      | $437614.35     | 0.00%             | 2026-07-28      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                    | Diamondback Energy Inc                                                           | CUSIP: 25278XAT6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |      5200000 | PA      | $4096383.04    | 0.03%             | 2052-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                      | Diameter Capital CLO 10 Ltd                                                      | CUSIP: 25290BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2250000 | PA      | $2254083.53    | 0.02%             | 2038-04-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                                  | Digicel International Finance Ltd / Difl US LLC                                  | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       504000 | PA      | $502740.00     | 0.00%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                     | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1453000 | PA      | $1444489.49    | 0.01%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                     | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14581000 | PA      | $14520974.40   | 0.11%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                  | Discovery Communications LLC                                                     | CUSIP: 25470DBY4<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |      3306000 | PA      | $2796876.00    | 0.02%             | 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        |      6526000 | PA      | $5854474.60    | 0.04%             | 2040-06-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                  | Discovery Communications LLC                                                     | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |      2705000 | PA      | $2503477.50    | 0.02%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                     | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6785000 | PA      | $6744826.02    | 0.05%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                            | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      1038000 | PA      | $1015164.00    | 0.01%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                            | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |       797000 | PA      | $857468.39     | 0.01%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                            | CUSIP: 25714PFA1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    296850000 | PA      | $4966750.97    | 0.04%             | 2036-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                            | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |       447000 | PA      | $478003.38     | 0.00%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                    | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |       282000 | PA      | $289140.24     | 0.00%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                    | RR Donnelley & Sons Co                                                           | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |     10693000 | PA      | $10748870.93   | 0.08%             | 2029-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | EG        |            1 | NC      | $442252.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $269153.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $64063.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $91964.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $141027.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | EG        |            1 | NC      | $25670.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $6574411.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $6570142.46    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |            1 | NC      | $-83436.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |            1 | NC      | $-122885.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $35229.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |            1 | NC      | $-18718.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AR        |            1 | NC      | $-62068.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AR        |            1 | NC      | $-65681.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $7639796.98    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |            1 | NC      | $378052.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |            1 | NC      | $-25847.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |            1 | NC      | $-33621.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $77197.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |            1 | NC      | $107959.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |            1 | NC      | $114403.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NG        |            1 | NC      | $346300.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $19350482.41   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |            1 | NC      | $-9963.36      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-415469.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CO        |            1 | NC      | $56912.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | ID        |            1 | NC      | $-9217.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | ZA        |            1 | NC      | $1608.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | MX        |            1 | NC      | $3610.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | MX        |            1 | NC      | $3214.68       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD CHF                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $110864.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-6755.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |            1 | NC      | $518318.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |            1 | NC      | $13489.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | IN        |            1 | NC      | $-6290.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |            1 | NC      | $268.36        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CO        |            1 | NC      | $3219.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD TWD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $825.75        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $1783399.70    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-17.70        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $312533.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $976672.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $232582.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ZA        |            1 | NC      | $620.16        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $345.15        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |            1 | NC      | $-29683.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED AUD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | AU        |            1 | NC      | $-6927.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $39.33         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $1675.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $14628.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD SGD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $96393.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $1428657.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $22347781.66   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $295086.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $16027357.99   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $240872.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $11568.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |            1 | NC      | $357554.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $1025482.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $3909.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $871044.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-684440.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $-296193.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD CZK                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $961699.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD UYU                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-12984.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-11201.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $134029.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $335478.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $542665.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $1814208.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $127604.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD MYR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $7054.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD MYR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $319.74        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD MYR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $162.97        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD MYR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $8049.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-3195.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-333593.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $94274.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $235625.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $177290.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $840986.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-89569.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-19038.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $306557.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $63048.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $368268.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $105601.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $305490.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $229794.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $60197.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ZA        |            1 | NC      | $97808.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $151682.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $591690.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $18121.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $178566.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $75020.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $77461.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | ZA        |            1 | NC      | $11610.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $1075064.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $23134.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $28359.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $100816.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $28206.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $60277.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $31066.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $221640.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $2335422.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-5595.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-120550.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $37727.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $19659.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED PEN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PE        |            1 | NC      | $95256.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | BR        |            1 | NC      | $-33473.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $114716.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $11149.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |            1 | NC      | $-3156.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD SGD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $31156.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $125545.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |            1 | NC      | $14581.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $31609.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $23794.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $282017.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $19047.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $27222.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $209981.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED MYR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $2330.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED MYR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $4824.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $770092.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $457165.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $-12969.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CZ        |            1 | NC      | $-480421.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $821273.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $403579.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |            1 | NC      | $-8044.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $529.66        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $14335.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AR        |            1 | NC      | $4576.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-27103.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD UYU                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-1089.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $8349.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $7749.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-1537.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $119253.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $81968.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-13107.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-10121.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |            1 | NC      | $-1504.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $9111.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $-7676.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AR        |            1 | NC      | $5862.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NG        |            1 | NC      | $18816.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NG        |            1 | NC      | $17000.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD CZK                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $15490.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-2556.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $53230.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $17618.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $-1954.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $-5969.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | XX        |            1 | NC      | $-835333.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-25130.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $57821.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $3498.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $5152.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $6942.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |            1 | NC      | $-110202.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $6279.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $3739.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $10365.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $34228.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $6069.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $5002.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $9002.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $9863.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $4748.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $9544.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $4825.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $4614.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $4413.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $13314.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-38980.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $831753.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CO        |            1 | NC      | $-53037.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $90326.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $47318.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |            1 | NC      | $-5308.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-106101.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |            1 | NC      | $777.27        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $69878.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |            1 | NC      | $28444.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |            1 | NC      | $-15388.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-31541.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | ID        |            1 | NC      | $2281.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | ID        |            1 | NC      | $4473.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | ID        |            1 | NC      | $1493.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $72344.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |            1 | NC      | $87626.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |            1 | NC      | $12414.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $105216.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |            1 | NC      | $-41964.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED PHP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | PH        |            1 | NC      | $-3822.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-43071.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |            1 | NC      | $-604080.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED MYR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MY        |            1 | NC      | $477930.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CO        |            1 | NC      | $14158.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CL        |            1 | NC      | $-15259.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-33098.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | ZA        |            1 | NC      | $-235401.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $186359.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED THB / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TH        |            1 | NC      | $665312.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |            1 | NC      | $-60209.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED HUF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | HU        |            1 | NC      | $-112731.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CN        |            1 | NC      | $-91543.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | TR        |            1 | NC      | $10253.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ID        |            1 | NC      | $728.75        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ID        |            1 | NC      | $987.59        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | ID        |            1 | NC      | $372.06        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | MX        |            1 | NC      | $-482550.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED CHF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CH        |            1 | NC      | $-58056.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | CZ        |            1 | NC      | $-309793.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED EUR / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |            1 | NC      | $-23860.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED PLN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | PL        |            1 | NC      | $-395980.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $16268.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD SGD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $29923.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED RON / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | RO        |            1 | NC      | $-72431.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED HUF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | HU        |            1 | NC      | $-15771.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED PLN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | PL        |            1 | NC      | $-39980.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CZ        |            1 | NC      | $-32434.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ZA        |            1 | NC      | $-17736.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED EUR / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |            1 | NC      | $-1423.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED PHP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | PH        |            1 | NC      | $1970.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD SGD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $2891.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TR        |            1 | NC      | $175.78        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED RON / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | RO        |            1 | NC      | $-7490.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CN        |            1 | NC      | $-8346.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $120.77        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED CHF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CH        |            1 | NC      | $-5906.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED THB / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TH        |            1 | NC      | $55426.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $1275.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $18352.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $83293.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $42372.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $107573.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-71.72        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MX        |            1 | NC      | $-49675.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | ID        |            1 | NC      | $-2405.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED MYR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |            1 | NC      | $16063.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |            1 | NC      | $-32559.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |            1 | NC      | $-5692.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $-32657.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $-25853.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |            1 | NC      | $-16889.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD UYU                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-465.36       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $394991.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $119535.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $9644.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-406.76       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $-36416.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $179119.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | BR        |            1 | NC      | $-39309.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $-20125.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $302.72        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |            1 | NC      | $9907.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |            1 | NC      | $1922.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |            1 | NC      | $8262.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CL        |            1 | NC      | $-2087.07      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | CO        |            1 | NC      | $-3289.29      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |            1 | NC      | $-405.63       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD CZK                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $14275.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $55415.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $7425.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-17422.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ID        |            1 | NC      | $1532.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD NGN                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $-79518.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NG        |            1 | NC      | $86940.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $-254888.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $25492.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $277541.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                               | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |            1 | NC      | $-23256.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | XX        |            1 | NC      | $-1189.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |            1 | NC      | $1198.48       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |            1 | NC      | $-3039.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |            1 | NC      | $2609.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $630.12        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | MX        |            1 | NC      | $-446.10       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | XX        |            1 | NC      | $-21566.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |            1 | NC      | $382.94        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED AUD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | AU        |            1 | NC      | $-376.81       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |            1 | NC      | $293.10        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |            1 | NC      | $20387.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $138354.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |            1 | NC      | $-24551.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $47125.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |            1 | NC      | $5848.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 40 Senior Loan Fund                                                       | CUSIP: 26244GAS4<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |      9097362 | PA      | $9096170.83    | 0.07%             | 2031-08-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 54 Senior Loan Fund                                                       | CUSIP: 26244RAF8<br>LEI: 54930064P37IJ78XTR63 | Long             | ABS-CBDO         | CORP              | KY        |       517329 | PA      | $517477.34     | 0.00%             | 2029-10-19      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 115 CLO Ltd                                                               | CUSIP: 26248DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      3000000 | PA      | $3004637.70    | 0.02%             | 2037-04-18      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 64 CLO Ltd                                                                | CUSIP: 26251LAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       338383 | PA      | $338358.24     | 0.00%             | 2031-04-18      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 60 CLO Ltd                                                                | CUSIP: 26251NAB6<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-CBDO         | CORP              | KY        |       830442 | PA      | $830388.51     | 0.01%             | 2031-07-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 72 CLO Ltd                                                                | CUSIP: 26252NAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1824314 | PA      | $1824546.09    | 0.01%             | 2032-05-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                   | Dryden 121 CLO Ltd                                                               | CUSIP: 26253VAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1004291.50    | 0.01%             | 2037-01-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings Inc                         | Engineered Machinery Holdings Inc 2021 EUR Incremental Term Loan                 | CUSIP: 26658NAL3<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |      1979381 | PA      | $2298075.26    | 0.02%             | 2028-05-21      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trust                           | Durst Commercial Mortgage Trust 2025-151                                         | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3861000 | PA      | $3934536.99    | 0.03%             | 2042-08-10      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trust                           | Durst Commercial Mortgage Trust 2025-151                                         | CUSIP: 266895AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4125000 | PA      | $4243398.23    | 0.03%             | 2042-08-10      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | Ellington Financial Mortgage Trust 2022-4                                        | CUSIP: 268432AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       837000 | PA      | $826000.48     | 0.01%             | 2067-09-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2024-INV1                                                                   | CUSIP: 268434AL1<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |      2031878 | PA      | $2059952.21    | 0.01%             | 2069-03-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2024-INV2                                                                   | CUSIP: 26844LAA6<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |      7955916 | PA      | $7926357.87    | 0.06%             | 2069-10-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2023-1                                                                      | CUSIP: 26844QAA5<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |        76954 | PA      | $76847.09      | 0.00%             | 2068-02-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2023-1                                                                      | CUSIP: 26844QAE7<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |       972200 | PA      | $968476.57     | 0.01%             | 2068-02-25      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2024-NQM1                                                                   | CUSIP: 26845DAA3<br>LEI: 254900GTI06L3BTCLG55 | Long             | ABS-MBS          | CORP              | US        |      4350814 | PA      | $4374745.79    | 0.03%             | 2069-11-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-NQM1                                                                   | CUSIP: 26846CAE6<br>LEI: 254900TJEVLCYF1H3X71 | Long             | ABS-MBS          | CORP              | US        |      3232000 | PA      | $3240809.14    | 0.02%             | 2070-01-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-NQM1                                                                   | CUSIP: 26846CAN6<br>LEI: 254900TJEVLCYF1H3X71 | Long             | ABS-MBS          | CORP              | US        |      3387755 | PA      | $3433299.64    | 0.02%             | 2070-01-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-INV4                                                                   | CUSIP: 26846DAC8<br>LEI: 254900KQZEY4W9F3MX66 | Long             | ABS-MBS          | CORP              | US        |     15000000 | PA      | $15015640.50   | 0.11%             | 2070-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-INV4                                                                   | CUSIP: 26846DAJ3<br>LEI: 254900KQZEY4W9F3MX66 | Long             | ABS-MBS          | CORP              | US        |      3125000 | PA      | $3129677.50    | 0.02%             | 2070-10-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-INV4                                                                   | CUSIP: 26846DAK0<br>LEI: 254900KQZEY4W9F3MX66 | Long             | ABS-MBS          | CORP              | US        |      1983051 | PA      | $1971817.81    | 0.01%             | 2070-10-25      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-NQM3                                                                   | CUSIP: 26846YAG3<br>LEI: 2549007I2BIJP4S0O647 | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $3007856.70    | 0.02%             | 2070-08-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-INV3                                                                   | CUSIP: 26847NAA9<br>LEI: 254900C1B6ZW3SK54M36 | Long             | ABS-MBS          | CORP              | US        |     11141299 | PA      | $11158090.50   | 0.08%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                            | ELM Trust 2024-ELM                                                               | CUSIP: 26860XAA9<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |      3320000 | PA      | $3343507.92    | 0.02%             | 2039-06-10      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                            | ELM Trust 2024-ELM                                                               | CUSIP: 26860XAU5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |      3690000 | PA      | $3724620.69    | 0.03%             | 2039-06-10      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                  | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |      1433000 | PA      | $1488120.35    | 0.01%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                  | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     11212000 | PA      | $11381413.32   | 0.08%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                  | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |       375000 | PA      | $380165.00     | 0.00%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Easy Street Mortgage Loan Trust                           | Easy Street Mortgage Loan Trust 2025-RTL2                                        | CUSIP: 27786YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5681529 | PA      | $5681422.76    | 0.04%             | 2040-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd                                       | Eaton Vance CLO 2020-1 Ltd                                                       | CUSIP: 278300AS7<br>LEI: 5493004NKU3QU5G6QW39 | Long             | ABS-CBDO         | CORP              | KY        |       822000 | PA      | $824318.78     | 0.01%             | 2037-10-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                             | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      3379990 | PA      | $3487845.48    | 0.03%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ECHOSTAR CORP                                             | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     11628000 | PA      | $12800968.22   | 0.09%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                              | Ecopetrol SA                                                                     | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |       804000 | PA      | $871576.20     | 0.01%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| EDGEWELL PERSONAL CARE                                    | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |      4380000 | PA      | $4159941.79    | 0.03%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                      | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      4074000 | PA      | $4204645.03    | 0.03%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                      | Edison International                                                             | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      1435000 | PA      | $1476922.09    | 0.01%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| EDvestinU Private Education Loan Issue No. 1, LLC         | EDvestinU Private Education Loan Issue No 1 LLC                                  | CUSIP: 28166GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        42592 | PA      | $42029.16      | 0.00%             | 2038-11-25      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-INV2                                                                   | CUSIP: 281914AA9<br>LEI: 254900ZO1GLQXE3JWX68 | Long             | ABS-MBS          | CORP              | US        |      8510620 | PA      | $8545437.08    | 0.06%             | 2070-05-26      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | EFMT 2025-NQM5                                                                   | CUSIP: 28225KAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16840127 | PA      | $16839815.46   | 0.12%             | 2070-11-25      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                                         | Elevation CLO 2018-10 Ltd                                                        | CUSIP: 28623CAN1<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $2999458.50    | 0.02%             | 2031-10-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC                            | ELFI Graduate Loan Program 2024-A LLC                                            | CUSIP: 28627LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4838185 | PA      | $4932910.66    | 0.04%             | 2049-08-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC                            | ELFI Graduate Loan Program 2022-A LLC                                            | CUSIP: 28628CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       106843 | PA      | $105480.21     | 0.00%             | 2047-08-26      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC                            | ELFI Graduate Loan Program 2023-A LLC                                            | CUSIP: 28628DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       304061 | PA      | $319581.56     | 0.00%             | 2048-02-04      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 39 Ltd                                        | Elmwood CLO 39 Ltd                                                               | CUSIP: 289910AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5250000 | PA      | $5246992.28    | 0.04%             | 2038-04-17      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd                                        | Elmwood CLO 29 Ltd                                                               | CUSIP: 289913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2145000 | PA      | $2151132.56    | 0.02%             | 2037-04-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.                                       | Elmwood CLO II Ltd                                                               | CUSIP: 29001LAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $751809.75     | 0.01%             | 2037-10-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 24 Ltd                                        | Elmwood CLO 24 Ltd                                                               | CUSIP: 290020AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4447000 | PA      | $4456574.39    | 0.03%             | 2038-01-17      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO IV Ltd                                        | Elmwood CLO IV Ltd                                                               | CUSIP: 29002GAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1753524.15    | 0.01%             | 2037-04-18      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO III Ltd                                       | Elmwood CLO III Ltd                                                              | CUSIP: 29002HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      9500000 | PA      | $9522388.65    | 0.07%             | 2037-07-18      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO XI Ltd                                        | Elmwood CLO XI Ltd                                                               | CUSIP: 29002LAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1115000 | PA      | $1115530.85    | 0.01%             | 2038-01-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO XI Ltd                                        | Elmwood CLO XI Ltd                                                               | CUSIP: 29002LAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001992.00    | 0.01%             | 2038-01-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VII Ltd.                                      | Elmwood CLO VII Ltd                                                              | CUSIP: 29002QAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002498.90    | 0.01%             | 2037-10-17      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 16 Ltd                                        | Elmwood CLO 16 Ltd                                                               | CUSIP: 29002UAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1250000 | PA      | $1256893.50    | 0.01%             | 2037-04-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd                                        | Elmwood CLO 29 Ltd                                                               | CUSIP: 29004HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1502595.90    | 0.01%             | 2037-04-20      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| Elmwood CLO 19 Ltd                                        | Elmwood CLO 19 Ltd                                                               | CUSIP: 29004JAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4004000.00    | 0.03%             | 2038-10-17      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 41 Ltd                                        | Elmwood CLO 41 Ltd                                                               | CUSIP: 29005CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3041275.50    | 0.02%             | 2038-07-17      | Floating      | 10.29%                | No            |                  2 | On Loan: No      |
| EMERA INC                                                 | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |      2777000 | PA      | $2790237.96    | 0.02%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                  | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |      5104000 | PA      | $5247070.22    | 0.04%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                          | Empower CLO 2024-1 Ltd                                                           | CUSIP: 29244RAA3<br>LEI: 213800DM8ZNUIQ1JCN40 | Long             | ABS-CBDO         | CORP              | KY        |      1545000 | PA      | $1550407.50    | 0.01%             | 2037-04-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                  | Empresa Nacional del Petroleo                                                    | CUSIP: 29245JAP7<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |       400000 | PA      | $420840.00     | 0.00%             | 2034-07-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                          | Empower CLO 2023-2 Ltd                                                           | CUSIP: 29247BAN7<br>LEI: 213800DM8ZNUIQ1JCN40 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5013095.00    | 0.04%             | 2038-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                     | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |       845000 | PA      | $836099.95     | 0.01%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| ENCOMPASS HEALTH CORP                                     | Encompass Health Corp                                                            | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |      2521000 | PA      | $2459309.87    | 0.02%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| ENERGIZER HOLDINGS INC                                    | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |      2844000 | PA      | $2729730.64    | 0.02%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |       266000 | PA      | $283959.79     | 0.00%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                               | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      1224000 | PA      | $1264991.76    | 0.01%             | 2054-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                               | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      3625000 | PA      | $3592167.29    | 0.03%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                               | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |       600000 | PA      | $601858.80     | 0.00%             | 2056-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                     | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6479000 | PA      | $6867241.12    | 0.05%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                              | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |       190000 | PA      | $186826.66     | 0.00%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                              | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      5395000 | PA      | $5361630.85    | 0.04%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                              | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |       100000 | PA      | $101524.00     | 0.00%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing 2022-3 LLC                                            | CUSIP: 29374FAB9<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |       192268 | PA      | $192302.57     | 0.00%             | 2029-07-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing 2023-3 LLC                                            | CUSIP: 29374LAB6<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |       375596 | PA      | $380613.90     | 0.00%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing 2023-1 LLC                                            | CUSIP: 29375CAB5<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |       531634 | PA      | $532728.39     | 0.00%             | 2029-01-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing 2024-1 LLC                                            | CUSIP: 29375PAB6<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |      1050953 | PA      | $1058508.08    | 0.01%             | 2030-03-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| EQT Trust 2024-EXTR                                       | EQT Trust 2024-EXTR                                                              | CUSIP: 29439DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7080000 | PA      | $7242321.04    | 0.05%             | 2041-07-05      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                               | Equinix Inc                                                                      | CUSIP: 29444UBT2<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |      5764000 | PA      | $4034034.02    | 0.03%             | 2052-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                    | EquipmentShare.com Inc                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |      5316000 | PA      | $5356082.64    | 0.04%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                    | EquipmentShare.com Inc                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |      4169000 | PA      | $4207275.59    | 0.03%             | 2032-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| Equity One ABS Inc                                        | Equity One Mortgage Pass-Through Trust 2003-3                                    | CUSIP: 294751CU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       516814 | PA      | $467216.60     | 0.00%             | 2033-12-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                         | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        60000 | PA      | $63087.54      | 0.00%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| EverBank Mortgage Loan Trust                              | EverBank Mortgage Loan Trust                                                     | CUSIP: 29977JAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       136156 | PA      | $124733.28     | 0.00%             | 2043-03-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                               | FIGRE Trust 2025-HE1                                                             | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5059033 | PA      | $5131527.16    | 0.04%             | 2055-01-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                               | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9148000 | PA      | $9165152.50    | 0.07%             | 2042-10-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                  | FMC Corp                                                                         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |      2917000 | PA      | $2830880.53    | 0.02%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                  | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |       504000 | PA      | $501987.53     | 0.00%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                  | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |      1393000 | PA      | $1348245.70    | 0.01%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| FORTESCUE TREASURY PTY L                                  | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |       565000 | PA      | $582936.49     | 0.00%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                  | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |      2568000 | PA      | $2679654.07    | 0.02%             | 2032-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                           | Fair Isaac Corp                                                                  | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |      2703000 | PA      | $2706597.69    | 0.02%             | 2026-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                           | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |       210000 | PA      | $205809.95     | 0.00%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                           | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |       301000 | PA      | $306386.70     | 0.00%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| FWD GROUP HOLDINGS LTD                                    | FWD Group Holdings Ltd                                                           | CUSIP: 30332TAC6<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |      4000000 | PA      | $4039280.00    | 0.03%             | 2030-09-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                                    | FWD Group Holdings Ltd                                                           | CUSIP: 30332TAD4<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |      5960000 | PA      | $6080630.40    | 0.04%             | 2035-09-22      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| FS Trust                                                  | FS Trust 2024-HULA                                                               | CUSIP: 30338DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6166000 | PA      | $6183341.88    | 0.04%             | 2039-08-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                      | FS Rialto 2024-FL9 Issuer LLC                                                    | CUSIP: 30338WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      4000000 | PA      | $4011278.40    | 0.03%             | 2039-10-19      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                      | FS Rialto 2025-FL10 Issuer LLC                                                   | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      7370000 | PA      | $7364280.14    | 0.05%             | 2042-08-19      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                 | Forvia SE                                                                        | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |      5288000 | PA      | $5363999.14    | 0.04%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Freddiemac Strip                                          | Freddie Mac Strips                                                               | CUSIP: 3133Q3LJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3305544 | PA      | $3319575.90    | 0.02%             | 2054-05-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BR2U0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4144481 | PA      | $4149710.13    | 0.03%             | 2054-06-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BR4Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4092267 | PA      | $4097830.56    | 0.03%             | 2054-06-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BS5D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13644628 | PA      | $13634933.53   | 0.10%             | 2054-10-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BSSF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3332740 | PA      | $3341158.52    | 0.02%             | 2054-08-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BTK44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2055395 | PA      | $2069489.58    | 0.02%             | 2054-12-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BTQ22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1555299 | PA      | $1566372.06    | 0.01%             | 2054-12-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BTYT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8939784 | PA      | $8974686.79    | 0.07%             | 2054-12-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BU2R0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22444824 | PA      | $22568735.31   | 0.16%             | 2055-03-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BU3N8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5516161 | PA      | $5542650.41    | 0.04%             | 2053-07-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BUXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9333765 | PA      | $9405951.87    | 0.07%             | 2055-02-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BVAP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2801385 | PA      | $2821345.45    | 0.02%             | 2054-08-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BVN46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6492867 | PA      | $6565118.67    | 0.05%             | 2055-05-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BVWT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16349010 | PA      | $16418817.40   | 0.12%             | 2055-05-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BVYM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23262356 | PA      | $23383259.80   | 0.17%             | 2054-06-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BWKS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3830448 | PA      | $3865819.49    | 0.03%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                | CUSIP: 3136BWLP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6963506 | PA      | $7037672.79    | 0.05%             | 2055-06-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.          | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FF3Z8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     68898272 | PA      | $665137.03     | 0.00%             | 2027-12-25      | Variable      | 0.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.          | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HAD60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4245400 | PA      | $84599.78      | 0.00%             | 2033-06-25      | Variable      | 0.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HBXV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1570848 | PA      | $1578568.94    | 0.01%             | 2054-03-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HD2G4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3510844 | PA      | $3525878.58    | 0.03%             | 2054-06-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HFD77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14203613 | PA      | $14241844.78   | 0.10%             | 2054-08-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HFLW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9503091 | PA      | $9506331.65    | 0.07%             | 2054-09-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HFPP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21390992 | PA      | $21397676.52   | 0.16%             | 2054-10-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HFWR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20262192 | PA      | $20284595.87   | 0.15%             | 2054-10-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HFWY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11370208 | PA      | $11393188.40   | 0.08%             | 2054-10-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HHC90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7162852 | PA      | $7169991.74    | 0.05%             | 2054-11-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HHH53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5046687 | PA      | $5052580.76    | 0.04%             | 2054-09-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HHKD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6474501 | PA      | $6519788.72    | 0.05%             | 2054-03-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HHMR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3299163 | PA      | $3319376.51    | 0.02%             | 2054-12-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HHSE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6632825 | PA      | $6689264.32    | 0.05%             | 2054-04-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HJ6X0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5287884 | PA      | $5345990.63    | 0.04%             | 2055-02-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HJ6Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12654154 | PA      | $12758177.95   | 0.09%             | 2055-02-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HKJ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3822943 | PA      | $3851189.55    | 0.03%             | 2055-03-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HKL85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21164099 | PA      | $21292757.33   | 0.15%             | 2055-03-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HL3Y6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5360760 | PA      | $5410867.68    | 0.04%             | 2055-05-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HLLC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4093259 | PA      | $4131054.59    | 0.03%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HLLF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4115705 | PA      | $4154176.22    | 0.03%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HLLH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5488514 | PA      | $5539815.34    | 0.04%             | 2055-06-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                               | CUSIP: 3137HMM23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5805736 | PA      | $5849190.32    | 0.04%             | 2055-05-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13451000 | PA      | $12468305.72   | 0.09%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Ellington Financial Mortgage Trust                        | Ellington Financial Mortgage Trust 2022-2                                        | CUSIP: 31572YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7274029 | PA      | $7248579.15    | 0.05%             | 2067-04-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | Ellington Financial Mortgage Trust 2022-2                                        | CUSIP: 31572YAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1616451 | PA      | $1530029.89    | 0.01%             | 2067-04-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                        | Ellington Financial Mortgage Trust 2022-3                                        | CUSIP: 31573EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5037636 | PA      | $5020137.14    | 0.04%             | 2067-08-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                               | FIGRE Trust 2024-HE6                                                             | CUSIP: 31684DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6632885 | PA      | $6716245.59    | 0.05%             | 2054-12-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                               | FIGRE Trust 2024-SL1                                                             | CUSIP: 31684JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5642710 | PA      | $5729284.01    | 0.04%             | 2053-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                               | FIGRE Trust 2024-HE4                                                             | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6127008 | PA      | $6149935.65    | 0.04%             | 2054-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                                          | Finastra USA Inc 2025 EUR Term Loan                                              | CUSIP: 31772YAE6<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |      2796748 | PA      | $3167257.49    | 0.02%             | 2032-09-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                             | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |       969000 | PA      | $970456.41     | 0.01%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities             | First Horizon Alternative Mortgage Securities Trust 2006-AA7                     | CUSIP: 32052CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       914679 | PA      | $716408.63     | 0.01%             | 2037-01-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                             | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      3706000 | PA      | $3845448.07    | 0.03%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                      | FirstKey Homes 2022-SFR1 Trust                                                   | CUSIP: 33768NAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       500000 | PA      | $492698.80     | 0.00%             | 2039-05-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                                       | 522 Funding CLO 2019-5 Ltd                                                       | CUSIP: 33829WAC3<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |      3250000 | PA      | $3252600.98    | 0.02%             | 2035-04-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO Ltd                                       | 522 Funding CLO 2020-6 Ltd                                                       | CUSIP: 33835AAY5<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |      3010000 | PA      | $3012340.58    | 0.02%             | 2034-10-23      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                                       | 522 Funding CLO 2018-3A Ltd                                                      | CUSIP: 33835NAA9<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |       475685 | PA      | $475670.80     | 0.00%             | 2031-10-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                                       | 522 Funding CLO 2018-3A Ltd                                                      | CUSIP: 33835NAE1<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250632.18     | 0.00%             | 2031-10-20      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                   | Flagstar Mortgage Trust 2019-1                                                   | CUSIP: 33852AAC1<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |       134387 | PA      | $121227.66     | 0.00%             | 2049-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                   | Flagstar Mortgage Trust 2019-1                                                   | CUSIP: 33852AAP2<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |       115189 | PA      | $103909.42     | 0.00%             | 2049-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                          | Flatiron CLO 23 LLC                                                              | CUSIP: 33883DAQ7<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |      2420000 | PA      | $2423158.10    | 0.02%             | 2036-04-17      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                          | Flatiron CLO 20 Ltd                                                              | CUSIP: 33883MAU8<br>LEI: 25490077CXFU133A8B24 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4004276.80    | 0.03%             | 2038-11-20      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                          | Flatiron CLO 21 Ltd                                                              | CUSIP: 33883PAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250624.08     | 0.00%             | 2037-10-19      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                          | Flatiron CLO 25 Ltd                                                              | CUSIP: 33883YAA6<br>LEI: 254900Z25NHHRUZ9O184 | Long             | ABS-CBDO         | CORP              | KY        |       780000 | PA      | $779576.85     | 0.01%             | 2037-10-17      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                          | Flatiron CLO 28 Ltd                                                              | CUSIP: 33884EAQ4<br>LEI: 254900U51J2X527SRJ56 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $999367.40     | 0.01%             | 2036-07-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                                  | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |       797000 | PA      | $821447.60     | 0.01%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                           | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8530000 | PA      | $8540566.11    | 0.06%             | 2039-12-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                           | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6600000 | PA      | $6633000.00    | 0.05%             | 2039-12-15      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                              | Ford Credit Auto Owner Trust 2022-D                                              | CUSIP: 345295AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        34856 | PA      | $34974.87      | 0.00%             | 2027-05-17      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                  | Ford Credit Auto Owner Trust/Ford Credit                                         | CUSIP: 34532MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3872000 | PA      | $3954934.76    | 0.03%             | 2037-08-15      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                  | Ford Credit Auto Owner Trust 2024-REV1                                           | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1251000 | PA      | $1278888.67    | 0.01%             | 2036-08-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                  | Ford Credit Auto Owner Trust 2023-REV2                                           | CUSIP: 34535CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       166000 | PA      | $171209.10     | 0.00%             | 2036-02-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      1954000 | PA      | $1955444.01    | 0.01%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      3277000 | PA      | $3482595.70    | 0.03%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |       203000 | PA      | $212734.26     | 0.00%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      1165000 | PA      | $1220183.72    | 0.01%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      1421000 | PA      | $1433315.81    | 0.01%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2024-2                                                  | CUSIP: 35040VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2987252 | PA      | $2992892.60    | 0.02%             | 2050-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2024-2                                                  | CUSIP: 35040VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4152449 | PA      | $4154701.36    | 0.03%             | 2050-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2025-1                                                  | CUSIP: 35040WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3229871 | PA      | $3263512.25    | 0.02%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2023-1                                                  | CUSIP: 35042AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2732851 | PA      | $2797392.49    | 0.02%             | 2043-12-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2025-2                                                  | CUSIP: 35042NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       522000 | PA      | $520803.11     | 0.00%             | 2052-04-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2021-2                                                  | CUSIP: 35042PAA8<br>LEI: 54930021B3TF4B4HKE86 | Long             | ABS-O            | CORP              | US        |       285106 | PA      | $271671.39     | 0.00%             | 2042-01-15      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                  | Foundation Finance Trust 2023-2                                                  | CUSIP: 35042RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1706772 | PA      | $1779237.22    | 0.01%             | 2049-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                     | Freedom Mortgage Corp                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |      2647000 | PA      | $2946550.40    | 0.02%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                     | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      1258000 | PA      | $1320900.00    | 0.01%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| FREEDOM MORTGAGE HOLD                                     | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      1994000 | PA      | $2119673.84    | 0.02%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                     | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |       227000 | PA      | $236673.41     | 0.00%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                     | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      1431000 | PA      | $1469927.49    | 0.01%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| FRONTIER COMMUNICATIONS                                   | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |      3761000 | PA      | $3758105.91    | 0.03%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                   | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |      4437000 | PA      | $4431117.87    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                   | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |      1148000 | PA      | $1159563.80    | 0.01%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                   | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |      2887000 | PA      | $2920064.81    | 0.02%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                   | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |      2856000 | PA      | $2896101.10    | 0.02%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                         | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |      3930000 | PA      | $4147399.74    | 0.03%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2020-NQM2 Trust                                                             | CUSIP: 36166RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1800576 | PA      | $1734230.90    | 0.01%             | 2065-04-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2020-NQM2 Trust                                                             | CUSIP: 36166RAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       200642 | PA      | $194791.56     | 0.00%             | 2065-04-25      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2020-NQM2 Trust                                                             | CUSIP: 36166RAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       129788 | PA      | $126755.47     | 0.00%             | 2065-04-25      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2021-NQM3 Trust                                                             | CUSIP: 36167HAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1525350 | PA      | $1344184.90    | 0.01%             | 2066-05-25      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2021-NQM3 Trust                                                             | CUSIP: 36167HAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       578000 | PA      | $442889.61     | 0.00%             | 2066-05-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2019-NQM3 Trust                                                             | CUSIP: 36167VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1036166 | PA      | $1016445.33    | 0.01%             | 2059-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2021-NQM7 Trust                                                             | CUSIP: 36167YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        48691 | PA      | $45394.76      | 0.00%             | 2066-08-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2021-NQM4 Trust                                                             | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2217588 | PA      | $1860678.75    | 0.01%             | 2066-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                     | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |       366000 | PA      | $362136.39     | 0.00%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| GFL ENVIRONMENTAL INC                                     | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |       878000 | PA      | $858673.55     | 0.01%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2022-NQM1 Trust                                                             | CUSIP: 36168VAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4610087 | PA      | $4411109.25    | 0.03%             | 2067-02-25      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2022-NQM5 Trust                                                             | CUSIP: 36168WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       294859 | PA      | $293820.45     | 0.00%             | 2067-08-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2022-CM1 Trust                                                              | CUSIP: 36168XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       844825 | PA      | $796731.64     | 0.01%             | 2066-12-27      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2023-NQM1 Trust                                                             | CUSIP: 36169BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4001861 | PA      | $3839120.87    | 0.03%             | 2057-10-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                          | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      1063000 | PA      | $1127459.26    | 0.01%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                          | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      2498000 | PA      | $2551230.13    | 0.02%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                          | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      3579000 | PA      | $3712979.87    | 0.03%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2025-INV2 Trust                                                             | CUSIP: 36173QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10788535 | PA      | $10943199.00   | 0.08%             | 2055-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| General Motors                                            | GMF Floorplan Owner Revolving Trust                                              | CUSIP: 361886CX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       188000 | PA      | $193890.47     | 0.00%             | 2030-06-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                          | GWT 2024-WLF2                                                                    | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4555000 | PA      | $4563540.63    | 0.03%             | 2041-05-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                               | GSAMP Trust 2006-HE4                                                             | CUSIP: 362439AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1350000 | PA      | $1182971.12    | 0.01%             | 2036-06-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| GT Loan Financing Ltd                                     | GT Loan Financing I Ltd 2013-1                                                   | CUSIP: 36248MAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      9000000 | PA      | $9010706.40    | 0.07%             | 2039-04-28      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                              | GS Mortgage Securities Corp Trust 2023-FUN                                       | CUSIP: 36267CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4390000 | PA      | $4403718.75    | 0.03%             | 2028-03-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                              | GS Mortgage Securities Corp Trust 2023-FUN                                       | CUSIP: 36267CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       580000 | PA      | $582537.50     | 0.00%             | 2028-03-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                  | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |      4280000 | PA      | $4546943.60    | 0.03%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2024-RPL2                                    | CUSIP: 36269MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       867813 | PA      | $850923.09     | 0.01%             | 2061-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                              | GS Mortgage Securities Corp Trust 2023-SHIP                                      | CUSIP: 36270GAJ0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |      3510000 | PA      | $3520689.71    | 0.03%             | 2038-09-10      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF                                       | GSAT Trust 2025-BMF                                                              | CUSIP: 36271XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9475000 | PA      | $9483882.81    | 0.07%             | 2040-07-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                              | GS Mortgage Securities Corp Trust 2024-RVR                                       | CUSIP: 36272JAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2870000 | PA      | $2882914.89    | 0.02%             | 2041-08-10      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                              | GS Mortgage Securities Corp Trust 2024-RVR                                       | CUSIP: 36272JAL7<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |      2636000 | PA      | $2629703.28    | 0.02%             | 2041-08-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-NQM4                                    | CUSIP: 36272UAE8<br>LEI: 25490076N7JFR2Y3CU63 | Long             | ABS-MBS          | CORP              | US        |      1326000 | PA      | $1314788.14    | 0.01%             | 2065-10-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-NQM4                                    | CUSIP: 36272UAL2<br>LEI: 25490076N7JFR2Y3CU63 | Long             | ABS-MBS          | CORP              | US        |      1657666 | PA      | $1654814.81    | 0.01%             | 2065-10-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-NQM5                                    | CUSIP: 36273GAA6<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-MBS          | CORP              | US        |     14583690 | PA      | $14583598.12   | 0.11%             | 2065-07-25      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-NQM5                                    | CUSIP: 36273GAE8<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-MBS          | CORP              | US        |      1666667 | PA      | $1666647.32    | 0.01%             | 2065-07-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                              | GS Mortgage Securities Corp Trust 2025-800D                                      | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7471000 | PA      | $7489755.20    | 0.05%             | 2041-11-25      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-NQM3                                    | CUSIP: 36274TAE9<br>LEI: 2549007JKCA9H9HUGZ71 | Long             | ABS-MBS          | CORP              | US        |      1475040 | PA      | $1473695.50    | 0.01%             | 2065-11-25      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-NQM3                                    | CUSIP: 36274TAF6<br>LEI: 2549007JKCA9H9HUGZ71 | Long             | ABS-MBS          | CORP              | US        |      1567720 | PA      | $1540776.54    | 0.01%             | 2065-11-25      | Variable      | 7.49%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-DSC1                                    | CUSIP: 36275EAG6<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |      1873000 | PA      | $1863840.47    | 0.01%             | 2065-06-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-DSC2                                    | CUSIP: 36275JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14258575 | PA      | $14258335.46   | 0.10%             | 2066-01-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                       | GS Mortgage-Backed Securities Trust 2025-DSC2                                    | CUSIP: 36275JAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1779666 | PA      | $1779643.04    | 0.01%             | 2066-01-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| Gaea Mortgage Loan Trust                                  | Gaea Mortgage Loan Trust 2025-A                                                  | CUSIP: 362928AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       809488 | PA      | $789037.25     | 0.01%             | 2030-02-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                            | Galaxy 32 CLO Ltd                                                                | CUSIP: 362943AG7<br>LEI: 391200J1K1EF617W8568 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1506429.90    | 0.01%             | 2036-10-20      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                            | Galaxy 34 Clo Ltd                                                                | CUSIP: 36322AAE2<br>LEI: 3912002JK68FWHXUMG23 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005513.40    | 0.01%             | 2037-10-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., LLC                        | Galton Funding Mortgage Trust 2019-H1                                            | CUSIP: 36418XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       588388 | PA      | $580648.20     | 0.00%             | 2059-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                               | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |      1158000 | PA      | $1089488.55    | 0.01%             | 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        |      2017000 | PA      | $1836950.28    | 0.01%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                      | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |       585000 | PA      | $570656.97     | 0.00%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                      | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      1097000 | PA      | $1122515.12    | 0.01%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                      | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      7496000 | PA      | $7627502.33    | 0.06%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                      | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      7924000 | PA      | $8062503.60    | 0.06%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2024-INV4 Trust                                                             | CUSIP: 367919AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5520776 | PA      | $5557223.98    | 0.04%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2025-NQM4 Trust                                                             | CUSIP: 367923AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $3025184.70    | 0.02%             | 2070-06-25      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2024-INV1 Trust                                                             | CUSIP: 36831BBG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       370229 | PA      | $376178.50     | 0.00%             | 2054-01-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2025-NQM6 Trust                                                             | CUSIP: 36831QAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11372817 | PA      | $11336731.62   | 0.08%             | 2070-10-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate CLO 20 Ltd                                                              | CUSIP: 370912AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1615000 | PA      | $1618435.91    | 0.01%             | 2038-01-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate Clo 13 Ltd                                                              | CUSIP: 370918AA2<br>LEI: 549300OHYOREA2V0F579 | Long             | ABS-CBDO         | CORP              | JE        |      5000000 | PA      | $5011675.50    | 0.04%             | 2037-01-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate CLO 9 LTD                                                               | CUSIP: 37147LAN9<br>LEI: 549300OYEZ11WGJ2SS19 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4009005.60    | 0.03%             | 2038-01-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate CLO 12 Ltd                                                              | CUSIP: 37147VAL1<br>LEI: 549300OPJWALMOKFT505 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5011917.00    | 0.04%             | 2038-07-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate CLO 4 Ltd                                                               | CUSIP: 37148BAC4<br>LEI: 549300HNXZUJB12SQJ60 | Long             | ABS-CBDO         | CORP              | KY        |      4125000 | PA      | $4136414.70    | 0.03%             | 2037-07-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate CLO 7 Ltd                                                               | CUSIP: 37149LAL1<br>LEI: 25490036G9JNQQPHIX69 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501750.00     | 0.00%             | 2037-04-22      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                         | Generate Clo 17 Ltd                                                              | CUSIP: 37149PAA6<br>LEI: 21380057FWYXY89TJK26 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002394.00    | 0.01%             | 2037-10-22      | Floating      | 5.26%                 | 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        |        60000 | PA      | $63236.22      | 0.00%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| GENESIS ENERGY LP/FIN                                     | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1574000 | PA      | $1621200.58    | 0.01%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                     | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2376000 | PA      | $2453956.56    | 0.02%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                              | Magnera Corp                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |      4358000 | PA      | $3628907.04    | 0.03%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| GLOBAL NET LEASE/GLOBAL                                   | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |      4164000 | PA      | $4037080.45    | 0.03%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                   | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3325000 | PA      | $3476078.03    | 0.03%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| GLOBAL PART/GLP FINANCE                                   | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       309000 | PA      | $313375.75     | 0.00%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                           | Global Atlantic Fin Co                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |       835000 | PA      | $813229.19     | 0.01%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                                    | Global Atlantic Fin Co                                                           | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |      1660000 | PA      | $1735520.04    | 0.01%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                                   | Global Medical Response Inc                                                      | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |      1707000 | PA      | $1786110.92    | 0.01%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust                  | GM Financial Revolving Receivables Trust 2024-2                                  | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2400000 | PA      | $2428314.00    | 0.02%             | 2037-03-11      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                       | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       960000 | PA      | $958908.48     | 0.01%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | GoldenTree Loan Management US CLO 16 Ltd                                         | CUSIP: 38090AAQ1<br>LEI: 549300KYU0TCMXRAI217 | Long             | ABS-CBDO         | CORP              | JE        |      3500000 | PA      | $3497728.50    | 0.03%             | 2038-01-20      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | Goldentree Loan Management US Clo 9 Ltd                                          | CUSIP: 38138JAU7<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $251397.73     | 0.00%             | 2037-04-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | Goldentree Loan Management US Clo 11 Ltd                                         | CUSIP: 38138RAJ4<br>LEI: 549300TMEEKUOKVHYV65 | Long             | ABS-CBDO         | CORP              | KY        |       950000 | PA      | $943528.89     | 0.01%             | 2034-10-20      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | Goldentree Loan Management US Clo 10 Ltd                                         | CUSIP: 38138TAY7<br>LEI: 5493007PBV0WMI12LF68 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $753520.43     | 0.01%             | 2037-10-20      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | GoldenTree Loan Management US CLO 22 Ltd                                         | CUSIP: 38139EAJ2<br>LEI: 254900AWFHWNFOUM2K51 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005524.40    | 0.01%             | 2037-10-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | GoldenTree Loan Management US CLO 23 Ltd                                         | CUSIP: 38139KAC3<br>LEI: 254900TP00US14X9AP48 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4007284.00    | 0.03%             | 2039-01-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | GoldenTree Loan Management US CLO 20 Ltd                                         | CUSIP: 38139MAC9<br>LEI: 984500CF2B1A04F63R63 | Long             | ABS-CBDO         | CORP              | JE        |       722000 | PA      | $724496.17     | 0.01%             | 2037-07-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | Goldentree Loan Management US Clo 26 Ltd                                         | CUSIP: 38139QAL0<br>LEI: 254900C5OE1SRC894D90 | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2504541.25    | 0.02%             | 2038-07-20      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | Goldentree Loan Management US Clo 26 Ltd                                         | CUSIP: 38139QAN6<br>LEI: 254900C5OE1SRC894D90 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000155.30    | 0.01%             | 2038-07-20      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | GoldenTree Loan Management US CLO 24 Ltd                                         | CUSIP: 38139VAC9<br>LEI: 254900PS1VHPJR2OTF82 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $1998708.60    | 0.01%             | 2038-10-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                    | GoldenTree Loan Management US CLO 25 Ltd                                         | CUSIP: 38139XAC5<br>LEI: 254900NWYEI4MM854T50 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3006027.00    | 0.02%             | 2037-04-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      4584000 | PA      | $4745580.87    | 0.03%             | 2056-01-28      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Goldman Home Improvement Trust Issuer Trust               | Goldman Home Improvement Trust 2022-GRN1 Issuer Trust                            | CUSIP: 38150YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       865722 | PA      | $864980.99     | 0.01%             | 2052-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                    | Goldman Sachs Bank USA/New York NY                                               | CUSIP: 38151G5B3<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | SN               | CORP              | US        |     40455000 | PA      | $40434772.50   | 0.29%             | 2030-09-12      | Variable      | 6.60%                 | No            |                  3 | On Loan: No      |
| Goldman Home Improvement Trust Issuer Trust               | Goldman Home Improvement Trust 2022-GRN2 Issuer Trust                            | CUSIP: 38151JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6020059 | PA      | $6167638.71    | 0.04%             | 2052-10-25      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 60B Ltd                                               | CUSIP: 381733AJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       600000 | PA      | $600400.62     | 0.00%             | 2034-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners 48 LP                                                     | CUSIP: 38177DAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2504870.25    | 0.02%             | 2038-04-17      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 41B-R Ltd                                             | CUSIP: 38178AAS2<br>LEI: 2549005QZPXI5WPU4V74 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3017669.70    | 0.02%             | 2038-07-20      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 50B-R Ltd                                             | CUSIP: 38178DAY3<br>LEI: 254900N3E7Y6I5DRGW52 | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2001993.80    | 0.01%             | 2035-04-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 76 B Ltd                                              | CUSIP: 38180BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      3030000 | PA      | $3038189.79    | 0.02%             | 2037-10-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 64B-R Ltd                                             | CUSIP: 38180LAG0<br>LEI: 2549003ONNJ1D27UVJ28 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1004993.30    | 0.01%             | 2037-10-25      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 77 B Ltd                                              | CUSIP: 38180QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001797.00    | 0.01%             | 2038-01-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 77 B Ltd                                              | CUSIP: 38180QAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3013769.10    | 0.02%             | 2038-01-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 66B Ltd                                               | CUSIP: 38181AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2006661.00    | 0.01%             | 2038-07-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 81 B Ltd                                              | CUSIP: 38181DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004648.80    | 0.01%             | 2038-07-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund CLO                     | Golub Capital Private Credit Fund CLO 2                                          | CUSIP: 38181WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      3000000 | PA      | $3005268.90    | 0.02%             | 2039-10-18      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                           | Golub Capital Partners CLO 37B Ltd                                               | CUSIP: 38181YAG1<br>LEI: 2549004JK1JYCMYC3T80 | Long             | ABS-CBDO         | CORP              | KY        |      6000000 | PA      | $6008878.20    | 0.04%             | 2036-10-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                 | GoodLeap Home Improvement Solutions Trust 2024-1                                 | CUSIP: 381935AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4190363 | PA      | $4238274.89    | 0.03%             | 2046-10-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                 | GoodLeap Home Improvement Solutions Trust 2025-1                                 | CUSIP: 38237EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7252631 | PA      | $7344910.95    | 0.05%             | 2049-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                 | GoodLeap Home Improvement Solutions Trust 2025-2                                 | CUSIP: 38238FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4814593 | PA      | $4859414.95    | 0.04%             | 2049-06-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                    | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |      2689000 | PA      | $2424157.70    | 0.02%             | 2033-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| GOODYEAR TIRE & RUBBER                                    | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |       100000 | PA      | $95181.77      | 0.00%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                    | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |      4451000 | PA      | $4057365.13    | 0.03%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                    | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |       189000 | PA      | $187775.58     | 0.00%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                  | Government National Mortgage Association                                         | CUSIP: 38384KUP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2218426 | PA      | $2219908.85    | 0.02%             | 2054-03-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                  | Government National Mortgage Association                                         | CUSIP: 38384PC32<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3433770 | PA      | $3440679.92    | 0.03%             | 2054-06-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                  | Government National Mortgage Association                                         | CUSIP: 38384VMP9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5796281 | PA      | $5802338.79    | 0.04%             | 2054-08-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                        | GRACIE POINT INTERNATIONAL FUNDING 2023-2                                        | CUSIP: 38410JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       244254 | PA      | $244728.65     | 0.00%             | 2027-03-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                        | Gracie Point International Funding 2024-1 LLC                                    | CUSIP: 38410KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4510000 | PA      | $4516956.68    | 0.03%             | 2028-03-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                    | Gran Tierra Energy Inc                                                           | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |       663000 | PA      | $536645.46     | 0.00%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| GRAPHIC PACKAGING INTERN                                  | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |      1965000 | PA      | $1990792.59    | 0.01%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| GRAY MEDIA INC                                            | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     12604000 | PA      | $12666090.58   | 0.09%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: —       |
| Great Wolf Trust                                          | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5250000 | PA      | $5259843.75    | 0.04%             | 2039-03-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Green Lakes Park CLO LLC                                  | Green Lakes Park CLO LLC                                                         | CUSIP: 39310AAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5000000 | PA      | $5000700.50    | 0.04%             | 2038-01-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                                  | Greenko Wind Projects Mauritius Ltd                                              | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |      1009000 | PA      | $1023529.60    | 0.01%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                  | Greensaif Pipelines Bidco Sarl                                                   | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |       509000 | PA      | $535149.88     | 0.00%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                  | Greensaif Pipelines Bidco Sarl                                                   | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |       808000 | PA      | $853955.00     | 0.01%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Trust 2024-1                                           | CUSIP: 39571MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       732596 | PA      | $749994.00     | 0.01%             | 2059-06-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Trust 2024-1                                           | CUSIP: 39571MAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1909931 | PA      | $1944901.46    | 0.01%             | 2059-06-25      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2025-1                                    | CUSIP: 39571NAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       773226 | PA      | $784246.98     | 0.01%             | 2060-03-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2025-2                                    | CUSIP: 39571VAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       690000 | PA      | $694888.51     | 0.01%             | 2060-06-25      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2025-2                                    | CUSIP: 39571VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       547000 | PA      | $550529.68     | 0.00%             | 2060-06-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2025-2                                    | CUSIP: 39571VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       540000 | PA      | $547061.80     | 0.00%             | 2060-06-25      | Fixed         | 7.79%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2539605 | PA      | $2547423.19    | 0.02%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       706852 | PA      | $717654.76     | 0.01%             | 2059-10-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5801000 | PA      | $5847549.54    | 0.04%             | 2059-10-27      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4201000 | PA      | $4275680.34    | 0.03%             | 2059-10-27      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd                                          | GREYWOLF CLO VI Ltd                                                              | CUSIP: 39809GAA3<br>LEI: 5493006V5AX99BBCEZ73 | Long             | ABS-CBDO         | CORP              | KY        |       173672 | PA      | $173672.17     | 0.00%             | 2031-04-26      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Estate Notes                    | Greystone CRE Notes 2025 HC-4 LLC                                                | CUSIP: 39809NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8000000 | PA      | $8009727.20    | 0.06%             | 2042-10-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Estate Notes                    | Greystone CRE Notes 2025-FL4 LLC                                                 | CUSIP: 39810MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      4069000 | PA      | $4069121.26    | 0.03%             | 2043-01-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                    | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |      1888000 | PA      | $1925776.99    | 0.01%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                           | GS Finance Corp                                                                  | CUSIP: 40058GUK5<br>LEI: 549300FR80KBVO6DRL61 | Long             | SN               | CORP              | US        |     17990000 | PA      | $18225489.10   | 0.13%             | 2030-02-14      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                     | Guatemala Government Bond                                                        | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |       464000 | PA      | $500192.00     | 0.00%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                     | Guatemala Government Bond                                                        | CUSIP: 401494AX7<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |       813000 | PA      | $894471.06     | 0.01%             | 2032-10-04      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                     | Guatemala Government Bond                                                        | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |       495000 | PA      | $522378.45     | 0.00%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HONO Mortgage Trust                                       | HONO 2021-LULU Mortgage Trust                                                    | CUSIP: 40390MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5690000 | PA      | $5633100.00    | 0.04%             | 2036-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2024-NQM1 Trust                                                            | CUSIP: 40390TAA8<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |      7636410 | PA      | $7701270.89    | 0.06%             | 2069-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2024-AFC1 Trust                                                            | CUSIP: 403945AC2<br>LEI: 2549009KYOPIDSS2IL61 | Long             | ABS-MBS          | CORP              | US        |      5487110 | PA      | $5490472.84    | 0.04%             | 2059-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                          | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                          | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11193000 | PA      | $11199995.63   | 0.08%             | 2037-05-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                          | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                          | CUSIP: 403956AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3100000 | PA      | $3101937.50    | 0.02%             | 2037-05-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2025-NQM4 Trust                                                            | CUSIP: 403958AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $3005390.70    | 0.02%             | 2070-08-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2025-NQM2 Trust                                                            | CUSIP: 403966AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14348698 | PA      | $14411635.76   | 0.10%             | 2070-02-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2025-AFC1 Trust                                                            | CUSIP: 403969AF5<br>LEI: 2549006ZK3R8WZLA9S73 | Long             | ABS-MBS          | CORP              | US        |      2285714 | PA      | $2307187.37    | 0.02%             | 2060-01-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                   | HCA Inc                                                                          | CUSIP: 404119CL1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      5742000 | PA      | $4765308.37    | 0.03%             | 2052-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HLTN Commercial Mortgage Trust 2024-DPLO                  | HLTN Commercial Mortgage Trust 2024-DPLO                                         | CUSIP: 40424UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7641113 | PA      | $7653052.24    | 0.06%             | 2041-06-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust                             | HTL Commercial Mortgage Trust 2024-T53                                           | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2840000 | PA      | $2877201.16    | 0.02%             | 2039-05-10      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust                             | HTL Commercial Mortgage Trust 2024-T53                                           | CUSIP: 404300AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $3101373.60    | 0.02%             | 2039-05-10      | Variable      | 10.26%                | No            |                  2 | On Loan: No      |
| HIH Trust                                                 | HIH Trust 2024-61P                                                               | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4029688 | PA      | $4042280.74    | 0.03%             | 2041-10-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2025-NQM3 Trust                                                            | CUSIP: 40446GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5815460 | PA      | $5863833.50    | 0.04%             | 2070-02-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                      | Halseypoint Clo 5 Ltd                                                            | CUSIP: 406371AA2<br>LEI: 549300VBED2CGY7JQG51 | Long             | ABS-CBDO         | CORP              | KY        |       700000 | PA      | $700417.13     | 0.01%             | 2035-01-30      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                      | HalseyPoint CLO 4 Ltd                                                            | CUSIP: 40637LAA8<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |       900000 | PA      | $900050.58     | 0.01%             | 2034-04-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                      | Halseypoint CLO 7 LTD                                                            | CUSIP: 40638LAL3<br>LEI: 5493000LI3XMVBCJEF82 | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2006935.60    | 0.01%             | 2038-07-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO II, Ltd.                                  | Halseypoint CLO II Ltd                                                           | CUSIP: 40638TAN2<br>LEI: 549300PIQILNPH8UJT31 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4012770.80    | 0.03%             | 2037-07-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO 3, Ltd.                                   | HalseyPoint CLO 3 Ltd                                                            | CUSIP: 40638UBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1340000 | PA      | $1340734.19    | 0.01%             | 2037-07-30      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                      | Halseypoint Clo 6 Ltd                                                            | CUSIP: 40639GAN9<br>LEI: 5493001PG85K1980W896 | Long             | ABS-CBDO         | CORP              | KY        |      1100000 | PA      | $1102662.44    | 0.01%             | 2038-01-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                            | HarborView Mortgage Loan Trust 2007-6                                            | CUSIP: 41165BAA8<br>LEI: 549300SZXFEQICAU3R39 | Long             | ABS-MBS          | CORP              | US        |      2008605 | PA      | $1737229.43    | 0.01%             | 2037-08-19      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Harriman Park CLO                                         | Harriman Park CLO LTD                                                            | CUSIP: 413717BC2<br>LEI: 549300BI9STOGTECXV18 | Long             | ABS-CBDO         | CORP              | KY        |      1150000 | PA      | $1152243.19    | 0.01%             | 2038-07-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                    | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |      4742000 | PA      | $4793948.61    | 0.03%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                    | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |      1631000 | PA      | $1690252.60    | 0.01%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| harvest commercial capital loan trust                     | Harvest Commercial Capital Loan Trust 2024-1                                     | CUSIP: 417927AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2537344 | PA      | $2603402.23    | 0.02%             | 2056-10-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                         | Jordan Government International Bond                                             | CUSIP: 41809JAB1<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |       432000 | PA      | $456300.00     | 0.00%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                         | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |       199000 | PA      | $198950.17     | 0.00%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                         | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      2234000 | PA      | $2306975.84    | 0.02%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                         | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |       250000 | PA      | $261669.75     | 0.00%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                                         | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      5640000 | PA      | $5946268.92    | 0.04%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| HERENS HOLDCO SARL                                        | Herens Holdco Sarl                                                               | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |      1682000 | PA      | $1419862.15    | 0.01%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                                  | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1125000 | PA      | $1132399.13    | 0.01%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                  | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3510000 | PA      | $3637072.53    | 0.03%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                  | Hess Midstream Operations LP                                                     | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       250000 | PA      | $249436.95     | 0.00%             | 2028-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2029000 | PA      | $1991073.73    | 0.01%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3563000 | PA      | $3373522.87    | 0.02%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       280000 | PA      | $273044.66     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1663000 | PA      | $1578846.88    | 0.01%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       633000 | PA      | $654805.58     | 0.00%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3137000 | PA      | $2980138.05    | 0.02%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                  | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3381000 | PA      | $3256847.31    | 0.02%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |        60000 | PA      | $60066.90      | 0.00%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      4430000 | PA      | $4209987.59    | 0.03%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      3479000 | PA      | $3551403.07    | 0.03%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |       548000 | PA      | $565483.94     | 0.00%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |       500000 | PA      | $512514.42     | 0.00%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      2050000 | PA      | $2088437.50    | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                  | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2967000 | PA      | $3010849.29    | 0.02%             | 2032-01-15      | Fixed         | 6.63%                 | 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        |       794000 | PA      | $762410.71     | 0.01%             | 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        |      1848000 | PA      | $1708555.65    | 0.01%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| HILTON WORLDWIDE FIN LLC                                  | Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp                     | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |       230000 | PA      | $230166.98     | 0.00%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                          | Hilton USA Trust 2016-HHV                                                        | CUSIP: 43300LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       200000 | PA      | $198045.10     | 0.00%             | 2038-11-05      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                               | Hologic Inc                                                                      | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |      1695000 | PA      | $1691042.68    | 0.01%             | 2028-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | Homes 2024-Nqm2 Trust                                                            | CUSIP: 43761CAA0<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-MBS          | CORP              | US        |      9704617 | PA      | $9780734.65    | 0.07%             | 2069-10-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2025-NQM1 Trust                                                            | CUSIP: 43761DAF7<br>LEI: 254900LUV7YA0N50XT86 | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $2024053.20    | 0.01%             | 2070-01-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                               | HOMES 2023-NQM1 Trust                                                            | CUSIP: 43761JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6614047 | PA      | $6609052.33    | 0.05%             | 2068-01-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | Service Properties Trust                                                         | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |       963000 | PA      | $960537.76     | 0.01%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | Service Properties Trust                                                         | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      2725000 | PA      | $2535593.97    | 0.02%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                                  | Service Properties Trust                                                         | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      6887000 | PA      | $5796276.20    | 0.04%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                                  | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      5208000 | PA      | $4500356.23    | 0.03%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| City of Houston TX Airport System Revenue                 | HOUSTON TX ARPT SYS REVENUE                                                      | CUSIP: 442349JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      3565000 | PA      | $3826292.40    | 0.03%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                        | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |      3266000 | PA      | $3260620.90    | 0.02%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                        | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |      1167000 | PA      | $1121636.03    | 0.01%             | 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        |      2497000 | PA      | $2354186.83    | 0.02%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                   | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2108000 | PA      | $2208895.20    | 0.02%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                  | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      2383000 | PA      | $2459513.36    | 0.02%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                  | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      2628000 | PA      | $2708637.55    | 0.02%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                     | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |       250000 | PA      | $249254.15     | 0.00%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| HUB INTERNATIONAL LTD                                     | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |      5843000 | PA      | $6100080.31    | 0.04%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                              | Hudson Yards 2019-55HY Mortgage Trust                                            | CUSIP: 44421MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       400000 | PA      | $375026.20     | 0.00%             | 2041-12-10      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                            | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |       618000 | PA      | $629338.76     | 0.00%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                            | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |       200000 | PA      | $201562.50     | 0.00%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                            | CUSIP: 445545AX4<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |       495000 | PA      | $536393.53     | 0.00%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                              | Huntington Bank Auto Credit-Linked Notes Series 2024-1                           | CUSIP: 44644NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       594910 | PA      | $596142.37     | 0.00%             | 2032-05-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                              | Huntington Bank Auto Credit-Linked Notes Series 2024-2                           | CUSIP: 44644NAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1871221 | PA      | $1876702.30    | 0.01%             | 2032-10-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                              | Huntington Bank Auto Credit-Linked Notes Series 2025-2                           | CUSIP: 44644NAP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1898056 | PA      | $1898734.90    | 0.01%             | 2033-09-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                                  | Huntsman International LLC                                                       | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |      1627000 | PA      | $1504144.12    | 0.01%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| HUNTSMAN INTERNATIONAL L                                  | Huntsman International LLC                                                       | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |      2871000 | PA      | $2328861.72    | 0.02%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                   | Hyundai Capital America                                                          | CUSIP: 44891CDT7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      3500000 | PA      | $3529155.00    | 0.03%             | 2030-03-27      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                            | ICG US CLO 2025-1 Ltd                                                            | CUSIP: 448982AJ7<br>LEI: 213800BCHLSBMDBGXD58 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2011018.60    | 0.01%             | 2038-07-25      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                            | ICG US CLO 2022-1i Ltd                                                           | CUSIP: 44933EAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5000000.00    | 0.04%             | 2038-10-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                           | IHS Holding Ltd                                                                  | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |       545000 | PA      | $544237.00     | 0.00%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                         | Iliad Holding SAS                                                                | CUSIP: 449691AC8<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |      2850000 | PA      | $2892467.85    | 0.02%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                         | Iliad Holding SAS                                                                | CUSIP: 449691AF1<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |      2920000 | PA      | $3133936.60    | 0.02%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                         | Iliad Holding SAS                                                                | CUSIP: 449691AG9<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |      3028000 | PA      | $3098770.42    | 0.02%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                         | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |      2400000 | PA      | $2263470.24    | 0.02%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                         | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |      8210000 | PA      | $7644693.88    | 0.06%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| INT Commercial Mortgage Trust 2025-PLAZA                  | INT Commercial Mortgage Trust 2025-PLAZA                                         | CUSIP: 44989YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3643000 | PA      | $3640703.82    | 0.03%             | 2037-11-05      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                 | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      3841000 | PA      | $3835120.58    | 0.03%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INV 2024-IND Mortgage Trust                               | INV 2024-IND Mortgage Trust                                                      | CUSIP: 45000DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7342000 | PA      | $7286935.00    | 0.05%             | 2041-11-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                          | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |      5371000 | PA      | $5202203.43    | 0.04%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                  | iHeartCommunications Inc                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      7967000 | PA      | $7330436.70    | 0.05%             | 2029-05-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                  | iHeartCommunications Inc                                                         | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      2940000 | PA      | $2456982.11    | 0.02%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| ILPT Commercial Mortgage Trust                            | ILPT Commercial Mortgage Trust 2025-LPF2                                         | CUSIP: 451955AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8792000 | PA      | $8965563.75    | 0.07%             | 2042-07-13      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                         | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2711000 | PA      | $2672247.23    | 0.02%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INCREF LLC                                                | INCREF LLC                                                                       | CUSIP: 45339NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8695000 | PA      | $8694485.26    | 0.06%             | 2042-10-19      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                   | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |      2564000 | PA      | $2485909.53    | 0.02%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                   | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |      3720000 | PA      | $3513479.22    | 0.03%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                   | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |      2397000 | PA      | $2344433.79    | 0.02%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                    | Brightstar Lottery PLC                                                           | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |       250000 | PA      | $252475.50     | 0.00%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                    | Brightstar Lottery PLC                                                           | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |      1559000 | PA      | $1555094.39    | 0.01%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Invesco CLO Ltd                                           | INVESCO US CLO 2025-3 Ltd                                                        | CUSIP: 46092FAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3000000.00    | 0.02%             | 2038-10-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Invesco CLO 2022-1, Ltd.                                  | Invesco CLO 2022-1 Ltd                                                           | CUSIP: 460988AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |       819000 | PA      | $819749.55     | 0.01%             | 2035-04-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                                   | Inversion Escrow Issuer LLC                                                      | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |       200000 | PA      | $195281.80     | 0.00%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                                   | ION Platform Finance US Inc                                                      | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |      1007000 | PA      | $982197.28     | 0.01%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                                      | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6700000 | PA      | $6398113.95    | 0.05%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| ION PLAT FIN US/SARL                                      | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6909000 | PA      | $7059920.20    | 0.05%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| ION Platform Finance SARL                                 | ION Platform Finance SARL EUR Term Loan                                          | CUSIP: 46206RAD7<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | LON              | CORP              | LU        |      4964706 | PA      | $5544539.55    | 0.04%             | 2032-10-07      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                 | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      4022000 | PA      | $4020718.07    | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                 | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      1496000 | PA      | $1559229.94    | 0.01%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                                         | Iron Mountain Inc                                                                | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |       959000 | PA      | $946436.43     | 0.01%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                         | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      6662000 | PA      | $6630949.08    | 0.05%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                         | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      1097000 | PA      | $1096609.80    | 0.01%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                                         | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |       558000 | PA      | $535203.97     | 0.00%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                         | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      5621000 | PA      | $5789916.67    | 0.04%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                   | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |      3059000 | PA      | $2956896.09    | 0.02%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF             | iShares iBoxx $ High Yield Corporate Bond ETF                                    | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |       152270 | NS      | $12303416.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2017-5                                                  | CUSIP: 46590YAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1290411 | PA      | $1290885.40    | 0.01%             | 2048-10-26      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2020-3                                                  | CUSIP: 46592ABC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       385303 | PA      | $387802.56     | 0.00%             | 2050-08-25      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2020-3                                                  | CUSIP: 46592ABD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       394337 | PA      | $5028.15       | 0.00%             | 2050-08-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2021-1                                                  | CUSIP: 46592EAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       717878 | PA      | $663295.78     | 0.00%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | J.P. Morgan Chase Commercial Mortgage Securities Trust 2024-OMNI                 | CUSIP: 46593JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $5087547.00    | 0.04%             | 2039-10-05      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | JP Morgan Chase Commercial Mortgage Securities Trust 2024-IGLG                   | CUSIP: 46593KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6020000 | PA      | $6077463.31    | 0.04%             | 2039-11-09      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | JP Morgan Chase Commercial Mortgage Securities Trust 2024-IGLG                   | CUSIP: 46593KAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3450000 | PA      | $3452043.88    | 0.03%             | 2039-11-09      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | JP Morgan Chase Commercial Mortgage Securities Trust 2024-IGLG                   | CUSIP: 46593KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1841000 | PA      | $1840186.19    | 0.01%             | 2039-11-09      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | JP Morgan Chase Commercial Mortgage Securities Trust 2024-IGLG                   | CUSIP: 46593KAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1533000 | PA      | $1530182.12    | 0.01%             | 2039-11-09      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14896793 | PA      | $14896712.36   | 0.11%             | 2066-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2642953 | PA      | $2648070.29    | 0.02%             | 2066-02-25      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1680333 | PA      | $1654580.22    | 0.01%             | 2066-02-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2024-VIS1                                        | CUSIP: 465970AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1964473 | PA      | $1983060.01    | 0.01%             | 2064-07-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2024-VIS1                                        | CUSIP: 465970AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       940000 | PA      | $947568.88     | 0.01%             | 2064-07-25      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2022-LTV1                                               | CUSIP: 465976AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       200157 | PA      | $181457.62     | 0.00%             | 2052-07-25      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2024-NQM1                                        | CUSIP: 465983AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9493735 | PA      | $9553290.61    | 0.07%             | 2064-02-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2024-NQM1                                        | CUSIP: 465983AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2800000 | PA      | $2821903.00    | 0.02%             | 2064-02-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| KASPI.KZ JSC                                              | JSC Kaspi.kz                                                                     | CUSIP: 466281AA0<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |       801000 | PA      | $822594.96     | 0.01%             | 2030-03-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                    | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2874945 | PA      | $2874053.07    | 0.02%             | 2038-04-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Trust 2015-5                                                           | CUSIP: 46644XAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       843325 | PA      | $840570.72     | 0.01%             | 2045-05-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                | JPMBB Commercial Mortgage Securities Trust 2016-C1                               | CUSIP: 46645LBD8<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |       430000 | PA      | $425609.44     | 0.00%             | 2049-03-17      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                 | CUSIP: 46646GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1180000 | PA      | $1161004.95    | 0.01%             | 2038-09-06      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2017-3                                                  | CUSIP: 46647SBA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       913097 | PA      | $826686.90     | 0.01%             | 2047-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust             | J.P. Morgan Chase Commercial Mortgage Securities Trust 2025-BHR5                 | CUSIP: 46649WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7538867 | PA      | $7541222.46    | 0.05%             | 2040-03-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2019-1                                                  | CUSIP: 46650HAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        20709 | PA      | $19756.96      | 0.00%             | 2049-05-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | J.P. Morgan Mortgage Trust 2021-LTV2                                             | CUSIP: 46654VAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2273949 | PA      | $1957233.50    | 0.01%             | 2052-05-25      | Variable      | 2.93%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2024-2                                                  | CUSIP: 46657TAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       775404 | PA      | $786520.34     | 0.01%             | 2054-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                    | JW Commercial Mortgage Trust 2024-MRCO                                           | CUSIP: 46657XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6805000 | PA      | $6813506.25    | 0.05%             | 2039-06-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2025-VIS1                                               | CUSIP: 46659BAF9<br>LEI: 529900CBDGTUOOQONB64 | Long             | ABS-MBS          | CORP              | US        |      2344143 | PA      | $2369541.32    | 0.02%             | 2055-08-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2025-NQM3                                        | CUSIP: 46659QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4823819 | PA      | $4854475.64    | 0.04%             | 2065-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2025-NQM3                                        | CUSIP: 46659QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1300000 | PA      | $1308526.70    | 0.01%             | 2065-11-25      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2025-DSC2                                               | CUSIP: 46659VAG3<br>LEI: 529900SXYOW2J5ABY729 | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2996948.13    | 0.02%             | 2065-10-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2025-NQM4                                        | CUSIP: 46660HAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000000 | PA      | $9999999.00    | 0.07%             | 2066-03-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                    | JW Trust 2024-BERY                                                               | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4360000 | PA      | $4364087.50    | 0.03%             | 2039-11-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                  | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |      2021000 | PA      | $1992618.07    | 0.01%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                  | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAK0<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |      1743000 | PA      | $1743819.21    | 0.01%             | 2028-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| JAGUAR LAND ROVER AUTOMO                                  | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAM6<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |       200000 | PA      | $199835.20     | 0.00%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                   | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3677000 | PA      | $3858526.14    | 0.03%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                   | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6429000 | PA      | $6541996.10    | 0.05%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                   | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       789000 | PA      | $823060.96     | 0.01%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                       | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |      6520000 | PA      | $6388270.57    | 0.05%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| JEFFERIES FIN LLC / JFIN                                  | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4055000 | PA      | $3839586.76    | 0.03%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                  | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2190000 | PA      | $2157737.36    | 0.02%             | 2031-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                  | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2610000 | PA      | $2705920.11    | 0.02%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                   | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      8727000 | PA      | $8577720.74    | 0.06%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| JONES DESLAURIERS INSURA                                  | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |      1828000 | PA      | $1919816.78    | 0.01%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR CLO 47 Ltd                                                                   | CUSIP: 48190DAA8<br>LEI: 254900X4Y2IUWMENHX76 | Long             | ABS-CBDO         | CORP              | KY        |      2815000 | PA      | $2822833.86    | 0.02%             | 2038-01-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR Financial CLO 2013-1 Ltd                                                     | CUSIP: 48249VAY7<br>LEI: 549300ZUUB37M3VWNC17 | Long             | ABS-CBDO         | CORP              | KY        |       878201 | PA      | $878217.73     | 0.01%             | 2029-04-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                                    | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                   | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |      1147000 | PA      | $1144643.72    | 0.01%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                   | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |      1392000 | PA      | $1422216.14    | 0.01%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                   | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |       924000 | PA      | $945934.94     | 0.01%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR Clo 25 Ltd                                                                   | CUSIP: 48252UAW7<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |      1300000 | PA      | $1301930.63    | 0.01%             | 2034-07-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR CLO 23 Ltd                                                                   | CUSIP: 48252YAL3<br>LEI: 549300ULSPVDFXMNXZ65 | Long             | ABS-CBDO         | CORP              | KY        |      3911696 | PA      | $3911718.79    | 0.03%             | 2031-10-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR CLO 28 LTD                                                                   | CUSIP: 48253WAW2<br>LEI: 549300OP87QBZ6KR1406 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $4995000.00    | 0.04%             | 2035-02-09      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR CLO 54 LTD                                                                   | CUSIP: 48256VAA9<br>LEI: 254900EAKW6RIW3QK367 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004581.80    | 0.01%             | 2038-01-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR CLO 38 Ltd                                                                   | CUSIP: 48259BAA0<br>LEI: 254900OAJ15MUAFDVE64 | Long             | ABS-CBDO         | CORP              | KY        |      6335395 | PA      | $6338121.89    | 0.05%             | 2033-04-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                      | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2731000 | PA      | $2605842.42    | 0.02%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Rad CLO Ltd                                               | Rad CLO 10 Ltd                                                                   | CUSIP: 48662LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3510000 | PA      | $3510119.69    | 0.03%             | 2034-04-23      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | Rad CLO 10 Ltd                                                                   | CUSIP: 48662LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249514.83     | 0.00%             | 2034-04-23      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                  | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4438000 | PA      | $4646625.37    | 0.03%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF KENYA                                         | Republic of Kenya Government International Bond                                  | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |       554000 | PA      | $594336.74     | 0.00%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                         | Republic of Kenya Government International Bond                                  | CUSIP: 491798AQ7<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |       264000 | PA      | $257400.00     | 0.00%             | 2038-10-09      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                       | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |      1751000 | PA      | $1764086.97    | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| KINETIK HOLDINGS LP                                       | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |      4661000 | PA      | $4787187.25    | 0.03%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Kings Park CLO Ltd                                        | Kings Park CLO Ltd                                                               | CUSIP: 496094AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1621884 | PA      | $1622984.61    | 0.01%             | 2035-01-21      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                      | Kioxia Holdings Corp                                                             | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |      3595000 | PA      | $3711772.79    | 0.03%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KP Germany Erste GmbH                                     | KP Germany Erste GmbH 2021 EUR Term Loan B                                       | CUSIP: 49865NAU4<br>LEI: 529900XJNR9VFZXAOS85 | Long             | LON              | CORP              | DE        |      3583833 | PA      | $1879561.92    | 0.01%             | 2026-02-12      | Floating      | 6.86%                 | No            |                  3 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                   | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |       659000 | PA      | $684326.69     | 0.00%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                   | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |      1335000 | PA      | $1368025.23    | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                        | Kohl's Corp                                                                      | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |      7904000 | PA      | $6124846.75    | 0.04%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                      | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAM8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |      4887000 | PA      | $4528914.16    | 0.03%             | 2045-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust                             | KSL Commercial Mortgage Trust 2024-HT2                                           | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7597350 | PA      | $7592601.33    | 0.06%             | 2039-12-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| KSL COMMERCIAL MORTGAGE                                   | KSL COMMERCIAL MORTGAGE                                                          | CUSIP: 50116JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6105000 | PA      | $6098026.20    | 0.04%             | 2042-06-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| KSL COMMERCIAL MORTGAGE                                   | KSL COMMERCIAL MORTGAGE                                                          | CUSIP: 50116JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8585000 | PA      | $8615298.95    | 0.06%             | 2042-06-05      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                                      | Kyrgyz Republic International Bond                                               | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |       857000 | PA      | $861285.00     | 0.01%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LBA Trust                                                 | LBA Trust 2024-BOLT                                                              | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10653000 | PA      | $10659621.90   | 0.08%             | 2039-06-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                     | Bath & Body Works Inc                                                            | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |       626000 | PA      | $630099.05     | 0.00%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                     | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |      3529000 | PA      | $3627236.77    | 0.03%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| LGI HOMES INC                                             | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |      6318000 | PA      | $6063005.52    | 0.04%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| LCM INVESTMENTS HOLDINGS                                  | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |        93000 | PA      | $90534.19      | 0.00%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                  | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |      4227000 | PA      | $4447387.33    | 0.03%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                       | LCM 29 Ltd                                                                       | CUSIP: 50201MAS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1420000 | PA      | $1418373.53    | 0.01%             | 2031-04-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| LD CELULOSE INTERNATIONA                                  | LD Celulose International GmbH                                                   | CUSIP: 50206BAA0<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |       520000 | PA      | $547794.00     | 0.00%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                  | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |      1500000 | PA      | $1484898.75    | 0.01%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lake George Park CLO Ltd                                  | Lake George Park CLO Ltd                                                         | CUSIP: 509828AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000577.10    | 0.01%             | 2038-04-15      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                          | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3838000 | PA      | $3804212.55    | 0.03%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                           | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |        60000 | PA      | $60112.68      | 0.00%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                           | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |      1373000 | PA      | $1326099.01    | 0.01%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| LAMB WESTON HLD                                           | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |      3611000 | PA      | $3442437.08    | 0.03%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                          | Vital Energy Inc                                                                 | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |      3619000 | PA      | $3720925.52    | 0.03%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| VITAL ENERGY INC                                          | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |      3411000 | PA      | $3228027.14    | 0.02%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF LATVIA                                        | Latvia Government International Bond                                             | CUSIP: 518417AD2<br>LEI: 25490002QDEB2KTLNK39 | Long             | DBT              | NUSS              | LV        |       907000 | PA      | $937611.25     | 0.01%             | 2034-07-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LBA Trust                                                 | LBA Trust 2024-7IND                                                              | CUSIP: 52109XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5620632 | PA      | $5624145.11    | 0.04%             | 2041-10-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2024-2                                                    | CUSIP: 52590AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1850000 | PA      | $1847397.79    | 0.01%             | 2034-02-21      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2024-2                                                    | CUSIP: 52590AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2153000 | PA      | $2156885.95    | 0.02%             | 2034-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949103<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        80000 | PA      | $189654.87     | 0.00%             | 2045-03-15      | Fixed         | 0.01%                 | No            |                  3 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5628787 | PA      | $5671145.00    | 0.04%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  3 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       284000 | PA      | $285936.20     | 0.00%             | 2035-04-15      | Fixed         | 5.59%                 | No            |                  3 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       572000 | PA      | $575885.31     | 0.00%             | 2035-09-15      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       229000 | PA      | $230537.64     | 0.00%             | 2035-12-15      | Fixed         | 6.47%                 | No            |                  3 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       367000 | PA      | $369391.08     | 0.00%             | 2036-07-15      | Fixed         | 8.99%                 | No            |                  3 | On Loan: No      |
| LendingClub Rated Notes Issuer Trust                      | LendingClub Rated Notes Issuer Trust Series 2025-P2                              | CUSIP: 525949AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       183000 | PA      | $184426.08     | 0.00%             | 2037-01-15      | Fixed         | 13.02%                | No            |                  3 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2024-1                                                    | CUSIP: 52603DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6407000 | PA      | $6491262.30    | 0.05%             | 2032-06-21      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2024-1                                                    | CUSIP: 52603DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1957000 | PA      | $1991897.03    | 0.01%             | 2032-06-21      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2024-1                                                    | CUSIP: 52603DAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5241000 | PA      | $5339815.39    | 0.04%             | 2032-06-21      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2021-2                                                    | CUSIP: 52604DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       945000 | PA      | $890843.37     | 0.01%             | 2032-04-20      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2025-1                                                    | CUSIP: 52604QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3295000 | PA      | $3329812.66    | 0.02%             | 2034-09-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2025-1                                                    | CUSIP: 52604QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5895000 | PA      | $5975793.92    | 0.04%             | 2034-09-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2021-1                                                    | CUSIP: 52607MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       280000 | PA      | $271338.56     | 0.00%             | 2031-11-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                    | Lendmark Funding Trust 2021-1                                                    | CUSIP: 52607MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       710000 | PA      | $676879.92     | 0.00%             | 2031-11-20      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                     | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     11026909 | PA      | $11294719.54   | 0.08%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                                     | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |       812000 | PA      | $834251.24     | 0.01%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                  | Liberty Costa Rica Senior Secured Finance                                        | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |       439000 | PA      | $464218.36     | 0.00%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                  | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |       241000 | PA      | $154693.34     | 0.00%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| LIGHT & WONDER INTL INC                                   | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |       809000 | PA      | $839801.06     | 0.01%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| LIGHT & WONDER INTL INC                                   | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |      1105000 | PA      | $1100115.90    | 0.01%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                      | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      1192000 | PA      | $1286898.70    | 0.01%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                      | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      4757000 | PA      | $5245080.38    | 0.04%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                      | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      3179000 | PA      | $3432652.41    | 0.02%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                       | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |      1186000 | PA      | $1256279.99    | 0.01%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                         | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |      4138000 | PA      | $3944841.88    | 0.03%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| LITHIA MOTORS INC                                         | Lithia Motors Inc                                                                | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |      2265000 | PA      | $2268941.10    | 0.02%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                  | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |      2790000 | PA      | $2781040.19    | 0.02%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| LIVE NATION ENTERTAINMEN                                  | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |       180000 | PA      | $175633.60     | 0.00%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                                     | LoanCore 2025-CRE9 Issuer LLC                                                    | CUSIP: 538912AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     11143000 | PA      | $11142995.54   | 0.08%             | 2042-08-18      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                                     | LoanCore 2025 2025-CRE8 Issuer LLC                                               | CUSIP: 53947FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      9050000 | PA      | $9039397.93    | 0.07%             | 2042-08-17      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                            | Long Beach Mortgage Loan Trust 2006-2                                            | CUSIP: 542514TQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       107565 | PA      | $94458.15      | 0.00%             | 2046-03-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| LUX 2023-LION                                             | LUX 2023-LION                                                                    | CUSIP: 55067LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       882000 | PA      | $890943.74     | 0.01%             | 2040-08-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                           | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |      2283722 | PA      | $2315340.24    | 0.02%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                           | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |      1416000 | PA      | $1431535.93    | 0.01%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2021-NQM2 Trust                                                              | CUSIP: 55283WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3844802 | PA      | $3436423.27    | 0.02%             | 2064-11-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust               | MF1 2021-W10X                                                                    | CUSIP: 55284DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       130000 | PA      | $129956.68     | 0.00%             | 2034-12-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust               | MF1 2021-W10X                                                                    | CUSIP: 55284DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       100000 | PA      | $100021.93     | 0.00%             | 2034-12-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2022-INV3 Trust                                                              | CUSIP: 55284PAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2702914 | PA      | $2426538.88    | 0.02%             | 2066-12-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                         | MDGH GMTN RSC Ltd                                                                | CUSIP: 55285GAD6<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |       432000 | PA      | $429572.16     | 0.00%             | 2033-11-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2023-NQM1 Trust                                                              | CUSIP: 55285PAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       550361 | PA      | $549256.19     | 0.00%             | 2067-11-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2022-NQM3 Trust                                                              | CUSIP: 55286EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1453011 | PA      | $1447922.11    | 0.01%             | 2067-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2023-NQM4 Trust                                                              | CUSIP: 55286LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2058887 | PA      | $2072230.20    | 0.02%             | 2068-12-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2023-NQM3 Trust                                                              | CUSIP: 55286MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2457590 | PA      | $2477707.98    | 0.02%             | 2068-07-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                        | MCR 2024-HTL Mortgage Trust                                                      | CUSIP: 55286PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       894318 | PA      | $894318.06     | 0.01%             | 2037-02-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                        | MCR 2024-HTL Mortgage Trust                                                      | CUSIP: 55286PAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1812807 | PA      | $1813370.10    | 0.01%             | 2037-02-15      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                        | MCR 2024-HTL Mortgage Trust                                                      | CUSIP: 55286PAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1651669 | PA      | $1653217.43    | 0.01%             | 2037-02-15      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2024-NQM1 Trust                                                              | CUSIP: 55286VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1197270 | PA      | $1211723.62    | 0.01%             | 2069-03-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                        | MCR 2024-HF1 Mortgage Trust                                                      | CUSIP: 55287FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5830000 | PA      | $5842753.13    | 0.04%             | 2041-12-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFRA 2024-NQM3 Trust                                                             | CUSIP: 55287GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6634358 | PA      | $6676124.89    | 0.05%             | 2069-12-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFRA 2024-NQM3 Trust                                                             | CUSIP: 55287GAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3529412 | PA      | $3584206.47    | 0.03%             | 2069-12-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust               | MF1 2025-FL19 LLC                                                                | CUSIP: 55287KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8617000 | PA      | $8616340.80    | 0.06%             | 2042-05-18      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2025-NQM4 Trust                                                              | CUSIP: 55287RAC2<br>LEI: 254900XBKB8JES2BO797 | Long             | ABS-MBS          | CORP              | US        |     19928648 | PA      | $19987359.47   | 0.15%             | 2070-08-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP 2021-STOR                                                                    | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4720000 | PA      | $4711150.00    | 0.03%             | 2038-07-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP 2021-STOR                                                                    | CUSIP: 55293BAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1300000 | PA      | $1297156.25    | 0.01%             | 2038-07-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP 2021-STOR                                                                    | CUSIP: 55293BAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       215000 | PA      | $214462.50     | 0.00%             | 2038-07-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP 2021-STOR                                                                    | CUSIP: 55293BAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       215000 | PA      | $214395.31     | 0.00%             | 2038-07-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP 2021-STOR                                                                    | CUSIP: 55293BAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       350000 | PA      | $348906.25     | 0.00%             | 2038-07-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP 2022-MHIL                                                                    | CUSIP: 55293DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       262424 | PA      | $262178.32     | 0.00%             | 2039-01-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                          | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |       765000 | PA      | $763885.62     | 0.01%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| MGM RESORTS INTL                                          | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |       815000 | PA      | $809523.44     | 0.01%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MGM RESORTS INTL                                          | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |      4274000 | PA      | $4339652.06    | 0.03%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| MGM RESORTS INTL                                          | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |       610000 | PA      | $621044.05     | 0.00%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                | MMAF Equipment Finance LLC 2024-A                                                | CUSIP: 55318CAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1676778 | PA      | $1729150.15    | 0.01%             | 2049-07-13      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MIRA Trust                                                | MIRA Trust 2023-MILE                                                             | CUSIP: 55318EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       103000 | PA      | $107056.27     | 0.00%             | 2038-06-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Monarch Alternative Capital                               | MAC Trust 2025-801B                                                              | CUSIP: 553918AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10700000 | PA      | $10705499.91   | 0.08%             | 2040-10-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| MV Holding GmbH                                           | MV Holding GmbH 2025 EUR Term Loan B                                             | CUSIP: 55404TAG7<br>LEI: 549300Z5C6IXF1KV0Z78 | Long             | LON              | CORP              | DE        |      1000000 | PA      | $1156741.97    | 0.01%             | 2032-03-17      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust               | MF1 2024-FL14 LLC                                                                | CUSIP: 55416AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8181000 | PA      | $8191284.34    | 0.06%             | 2039-03-19      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                      | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3927000 | PA      | $3921716.61    | 0.03%             | 2042-10-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                      | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3992000 | PA      | $3975236.39    | 0.03%             | 2042-10-15      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding LXXI Ltd                                                    | CUSIP: 55817DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      9715000 | PA      | $9709462.45    | 0.07%             | 2038-04-23      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXVII Ltd                                                  | CUSIP: 55817EBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1508319.30    | 0.01%             | 2037-04-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXVII Ltd                                                  | CUSIP: 55817EBC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $499998.80     | 0.00%             | 2037-04-15      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XIV Ltd                                                     | CUSIP: 55818RBS4<br>LEI: 254900Q2IOW6JYPYIV98 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $2991883.50    | 0.02%             | 2030-10-22      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXI Ltd                                                    | CUSIP: 55819DBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001994.00    | 0.01%             | 2037-07-23      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXIV Ltd                                                   | CUSIP: 55819GBE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1502542.80    | 0.01%             | 2037-10-16      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXIII Ltd                                                  | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2947939 | PA      | $2949870.67    | 0.02%             | 2032-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXIII Ltd                                                  | CUSIP: 55819JAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       475000 | PA      | $475121.79     | 0.00%             | 2032-10-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXXVI Ltd                                                   | CUSIP: 55819PBE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249788.23     | 0.00%             | 2035-04-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXIX LTD                                                    | CUSIP: 55820CAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3250000 | PA      | $3250249.93    | 0.02%             | 2038-03-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Madison Park XLIV                                         | Atrium XV                                                                        | CUSIP: 55820LAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002722.90    | 0.01%             | 2036-07-16      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXIV Ltd                                                    | CUSIP: 55820NBC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       850000 | PA      | $855842.39     | 0.01%             | 2029-10-20      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XXX LTD                                                     | CUSIP: 55821TAL1<br>LEI: 549300FFTJ3WPTJK8589 | Long             | ABS-CBDO         | CORP              | KY        |      1375000 | PA      | $1378097.60    | 0.01%             | 2037-07-16      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding LIX Ltd                                                     | CUSIP: 55822EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2007395.20    | 0.01%             | 2037-04-18      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding LXI Ltd                                                     | CUSIP: 55822NAA7<br>LEI: 2138008EAUXBYEZRP521 | Long             | ABS-CBDO         | CORP              | JE        |       255000 | PA      | $255882.81     | 0.00%             | 2037-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding LXV Ltd                                                     | CUSIP: 55823FAA3<br>LEI: 213800EBRIAZSOKC7K58 | Long             | ABS-CBDO         | CORP              | JE        |      6000000 | PA      | $6011514.60    | 0.04%             | 2038-07-16      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XL-R Ltd                                                    | CUSIP: 55823RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3700000 | PA      | $3708602.50    | 0.03%             | 2038-10-16      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                  | Madison Park Funding XL-R Ltd                                                    | CUSIP: 55823RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3500000 | PA      | $3517067.05    | 0.03%             | 2038-10-16      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                  | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |       325000 | PA      | $297679.69     | 0.00%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                  | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      2100000 | PA      | $2039184.00    | 0.01%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                              | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |      4306000 | PA      | $3718037.23    | 0.03%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Marathon CLO LTD                                          | Marathon CLO XIII Ltd                                                            | CUSIP: 56579ABJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2217891 | PA      | $2217937.79    | 0.02%             | 2032-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority          | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                       | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      1330000 | PA      | $1395756.80    | 0.01%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2025-A                                            | CUSIP: 567920AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5732000 | PA      | $5779571.01    | 0.04%             | 2038-05-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2025-A                                            | CUSIP: 567920AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2074000 | PA      | $2095174.50    | 0.02%             | 2038-05-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2025-A                                            | CUSIP: 567920AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2834000 | PA      | $2863945.74    | 0.02%             | 2038-05-20      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2024-A                                            | CUSIP: 567928AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1600000 | PA      | $1620065.12    | 0.01%             | 2036-09-22      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2024-A                                            | CUSIP: 567928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1592000 | PA      | $1629481.41    | 0.01%             | 2036-09-22      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance issuance Trust 2024-B                                            | CUSIP: 56847GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2340000 | PA      | $2398867.15    | 0.02%             | 2038-11-20      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance issuance Trust 2024-B                                            | CUSIP: 56847GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2102000 | PA      | $2153971.32    | 0.02%             | 2038-11-20      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2021-B                                            | CUSIP: 56847JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5745000 | PA      | $5547802.30    | 0.04%             | 2036-11-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2021-B                                            | CUSIP: 56847JAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1177000 | PA      | $1115620.86    | 0.01%             | 2036-11-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2025-B                                            | CUSIP: 56847TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5113000 | PA      | $5118524.60    | 0.04%             | 2038-11-22      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2021-A                                            | CUSIP: 56848DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       480000 | PA      | $470357.81     | 0.00%             | 2036-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                            | Mariner Finance Issuance Trust 2021-A                                            | CUSIP: 56848DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       350000 | PA      | $337805.27     | 0.00%             | 2036-03-20      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                                  | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |      1349000 | PA      | $1330129.76    | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Massachusetts School Building Authority                   | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                 | CUSIP: 576000E33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      2700000 | PA      | $2914625.16    | 0.02%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                   | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                 | CUSIP: 576000E41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      2700000 | PA      | $2856811.41    | 0.02%             | 2050-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                      | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |       896000 | PA      | $913071.49     | 0.01%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                      | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      3448000 | PA      | $3479773.32    | 0.03%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                      | Matador Resources Co                                                             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |       812000 | PA      | $810799.62     | 0.01%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| MATCH GROUP HLD II LLC                                    | Match Group Holdings II LLC                                                      | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |       875000 | PA      | $871909.59     | 0.01%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                    | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      1764000 | PA      | $1660293.77    | 0.01%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                    | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      1645000 | PA      | $1621299.00    | 0.01%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                    | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      2100000 | PA      | $2114103.60    | 0.02%             | 2033-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                        | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |       858000 | PA      | $854665.13     | 0.01%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| MATTAMY GROUP CORP                                        | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |        56000 | PA      | $54322.70      | 0.00%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                    | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     29077000 | PA      | $28710929.29   | 0.21%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                               | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     11234000 | PA      | $10284058.58   | 0.07%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| McAfee LLC                                                | McAfee LLC 2024 EUR Term Loan B                                                  | CUSIP: 57906HAC1<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |      2606791 | PA      | $2924130.99    | 0.02%             | 2029-03-01      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2024-NQM2 Trust                                                              | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-MBS          | CORP              | US        |      5667523 | PA      | $5669034.79    | 0.04%             | 2069-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2025-NQM3 Trust                                                              | CUSIP: 58004LAD9<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |       631579 | PA      | $635631.59     | 0.00%             | 2070-08-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2025-NQM3 Trust                                                              | CUSIP: 58004LAE7<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |      1850000 | PA      | $1854026.16    | 0.01%             | 2070-08-25      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                | MFA 2024-NPL1 Trust                                                              | CUSIP: 58004YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1645220 | PA      | $1647123.86    | 0.01%             | 2054-09-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                     | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |      4434000 | PA      | $4550383.63    | 0.03%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                        | MCR 2024-TWA Mortgage Trust                                                      | CUSIP: 582923AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4800000 | PA      | $4863971.52    | 0.04%             | 2039-06-12      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE                                    | Medco Cypress Tree Pte Ltd                                                       | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |       250000 | PA      | $264812.50     | 0.00%             | 2030-05-19      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                                  | Medco Maple Tree Pte Ltd                                                         | CUSIP: 58407HAA7<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |       253000 | PA      | $264860.64     | 0.00%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                  | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3840000 | PA      | $3950411.52    | 0.03%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                     | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |       500000 | PA      | $526500.00     | 0.00%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                     | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |       488000 | PA      | $489156.56     | 0.00%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                             | Methanex Corp                                                                    | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |       509000 | PA      | $507518.61     | 0.00%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                             | Methanex Corp                                                                    | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |      1993000 | PA      | $1997761.28    | 0.01%             | 2027-10-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| METHANEX US OPERATIONS                                    | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       929000 | PA      | $945049.40     | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Merit                                                     | MHP Commercial Mortgage Trust 2025-MHIL2                                         | CUSIP: 59317DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $4989495.50    | 0.04%             | 2040-09-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust               | MF1 2025-FL20 LLC                                                                | CUSIP: 59319CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     10159000 | PA      | $10154713.92   | 0.07%             | 2043-02-18      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority              | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                                      | CUSIP: 59465PGQ5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |      1910000 | PA      | $1943998.00    | 0.01%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                   | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |      1138000 | PA      | $1084271.71    | 0.01%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| MidOcean Credit CLO                                       | Midocean Credit CLO XV Ltd                                                       | CUSIP: 59801FAG8<br>LEI: 254900R5AXF91DYP1Y16 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1004938.10    | 0.01%             | 2037-07-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                                       | MidOcean Credit CLO XIX                                                          | CUSIP: 59803HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002801.00    | 0.01%             | 2036-07-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                                       | MidOcean Credit CLO XII Ltd                                                      | CUSIP: 59803TBA8<br>LEI: 5493000CPZWPTWX7TF71 | Long             | ABS-CBDO         | CORP              | JE        |      2500000 | PA      | $2506049.25    | 0.02%             | 2038-07-18      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Milford Park CLO, Ltd.                                    | Milford Park CLO Ltd                                                             | CUSIP: 59966PAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      3000000 | PA      | $2998889.10    | 0.02%             | 2038-01-20      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                   | Millrose Properties Inc                                                          | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              |  | US        |      2331000 | PA      | $2361397.66    | 0.02%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                   | Millrose Properties Inc                                                          | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              |  | US        |       739000 | PA      | $742532.42     | 0.01%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Milos CLO, LTD                                            | Milos CLO Ltd                                                                    | CUSIP: 60162PAE2<br>LEI: 254900GFWI4EEB8IJS18 | Long             | ABS-CBDO         | CORP              | KY        |        74133 | PA      | $74193.23      | 0.00%             | 2030-10-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Milos CLO, LTD                                            | Milos CLO Ltd                                                                    | CUSIP: 60162PAG7<br>LEI: 254900GFWI4EEB8IJS18 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $998462.10     | 0.01%             | 2030-10-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                                       | Minejesa Capital BV                                                              | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |       522000 | PA      | $520173.00     | 0.00%             | 2037-08-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                     | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      3726000 | PA      | $3884459.33    | 0.03%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| MINERAL RESOURCES LTD                                     | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      4654000 | PA      | $4879746.92    | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| MITER BRAND / MIWD BORR                                   | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3584000 | PA      | $3678803.97    | 0.03%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                    | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DP6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |      2000000 | PA      | $2050952.00    | 0.01%             | 2036-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                   | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11755000 | PA      | $12265519.65   | 0.09%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: —       |
| MOLINA HEALTHCARE INC                                     | Molina Healthcare Inc                                                            | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      1735000 | PA      | $1689914.58    | 0.01%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                     | Molina Healthcare Inc                                                            | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      2199000 | PA      | $2028404.44    | 0.01%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                     | Molina Healthcare Inc                                                            | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      1863000 | PA      | $1679759.59    | 0.01%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I Trust 2017-ASHF                                         | CUSIP: 61691KAG6<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |       799000 | PA      | $784518.13     | 0.01%             | 2034-11-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I 2017-HR2                                                | CUSIP: 61691NAH8<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |       230000 | PA      | $224552.34     | 0.00%             | 2050-12-15      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I Trust 2018-H3                                           | CUSIP: 61767YBC3<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |       650000 | PA      | $641306.06     | 0.00%             | 2051-07-15      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I Trust 2018-H3                                           | CUSIP: 61767YBD1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |       182035 | PA      | $176588.46     | 0.00%             | 2051-07-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I Trust 2019-H6                                           | CUSIP: 61769JBD2<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |       895000 | PA      | $853847.81     | 0.01%             | 2052-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I Trust 2019-H7                                           | CUSIP: 61771MAZ3<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |       895000 | PA      | $850670.38     | 0.01%             | 2052-07-15      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                        | Morocco Government International Bond                                            | CUSIP: 617726AN4<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |       400000 | PA      | $413404.00     | 0.00%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                            | Morgan Stanley Capital I Trust 2021-230P                                         | CUSIP: 61772WAG2<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |      3338000 | PA      | $3104340.00    | 0.02%             | 2038-12-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3                         | CUSIP: 61776UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5688867 | PA      | $5676805.18    | 0.04%             | 2069-07-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3                         | CUSIP: 61776UAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $999673.45     | 0.01%             | 2069-07-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC2                         | CUSIP: 61778XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13602235 | PA      | $13685572.31   | 0.10%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC2                         | CUSIP: 61778XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1500000 | PA      | $1490119.50    | 0.01%             | 2070-07-25      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM5                         | CUSIP: 61779BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14339144 | PA      | $14413349.28   | 0.10%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM7                         | CUSIP: 61779KAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2712000 | PA      | $2698135.71    | 0.02%             | 2070-09-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC1                         | CUSIP: 61790VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11135648 | PA      | $11217305.98   | 0.08%             | 2070-03-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO Ltd                        | Morgan Stanley Eaton Vance CLO 2022-18 Ltd                                       | CUSIP: 617924AS4<br>LEI: 549300O0I1STG733YG49 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $1998000.00    | 0.01%             | 2037-10-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1                         | CUSIP: 617932AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2547317 | PA      | $2569233.40    | 0.02%             | 2069-11-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1                         | CUSIP: 617932AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1830084 | PA      | $1849318.37    | 0.01%             | 2069-11-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-HX1                          | CUSIP: 617942AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3083484 | PA      | $3120191.00    | 0.02%             | 2070-03-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1                         | CUSIP: 617946AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000000 | PA      | $19558822.00   | 0.14%             | 2065-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust            | Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1                         | CUSIP: 617946AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1641414 | PA      | $1527589.82    | 0.01%             | 2065-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                    | Mosaic Solar Loan Trust 2023-4                                                   | CUSIP: 618934AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       117576 | PA      | $118108.54     | 0.00%             | 2053-05-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                    | Mosaic Solar Loan Trust 2018-1                                                   | CUSIP: 61946FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        34271 | PA      | $32232.71      | 0.00%             | 2043-06-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                    | Mosaic Solar Loan Trust 2018-2-GS                                                | CUSIP: 61946LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       112854 | PA      | $105710.07     | 0.00%             | 2044-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                    | Mosaic Solar Loan Trust 2021-2                                                   | CUSIP: 61946RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       276698 | PA      | $229717.09     | 0.00%             | 2047-04-22      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust 2022-LPFL                   | MTN Commercial Mortgage Trust 2022-LPFL                                          | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2041000 | PA      | $2042275.63    | 0.01%             | 2039-03-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                       | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      7495000 | PA      | $7279941.47    | 0.05%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                       | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      4694000 | PA      | $4676137.45    | 0.03%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                        | Murphy Oil USA Inc                                                               | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |       567000 | PA      | $527653.26     | 0.00%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                       | Muthoot Finance Ltd                                                              | CUSIP: 62828M2D2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      1000000 | PA      | $1016250.00    | 0.01%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                       | Muthoot Finance Ltd                                                              | CUSIP: 62828M2E0<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      5755000 | PA      | $5836289.38    | 0.04%             | 2030-03-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                            | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      3781000 | PA      | $3744319.76    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                       | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      2455000 | PA      | $2625838.00    | 0.02%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| NCL CORPORATION LTD                                       | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      2656000 | PA      | $2729202.02    | 0.02%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                       | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      2555000 | PA      | $2553790.46    | 0.02%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                       | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      1254000 | PA      | $1268319.43    | 0.01%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| NCMF Trust                                                | NCMF Trust 2025-MFS                                                              | CUSIP: 62887TAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4493000 | PA      | $4556928.20    | 0.03%             | 2033-06-10      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                           | NCL Finance Ltd                                                                  | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $255285.65     | 0.00%             | 2028-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                                                | NLT 2023-1 Trust                                                                 | CUSIP: 62917MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        12112 | PA      | $11053.43      | 0.00%             | 2062-10-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                            | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      2596000 | PA      | $2607247.66    | 0.02%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                            | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      4841000 | PA      | $4603582.35    | 0.03%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                            | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      3850000 | PA      | $3593920.33    | 0.03%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                            | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |       334000 | PA      | $309976.78     | 0.00%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                            | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      2969000 | PA      | $2980232.83    | 0.02%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NYC Trust                                                 | NYCT Trust 2024-3ELV                                                             | CUSIP: 62956HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7790000 | PA      | $7814566.54    | 0.06%             | 2029-08-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| NYC Trust                                                 | NYCT Trust 2024-3ELV                                                             | CUSIP: 62956HAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1001844.00    | 0.01%             | 2029-08-15      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| NYC Trust                                                 | NYCT Trust 2024-3ELV                                                             | CUSIP: 62956HAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4000000 | PA      | $4007368.00    | 0.03%             | 2029-08-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                   | NYMT 2024-RR1 Trust                                                              | CUSIP: 62956VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3924847 | PA      | $3902216.80    | 0.03%             | 2064-05-25      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                   | NYMT Loan Trust 2024-INV1                                                        | CUSIP: 62956XAA9<br>LEI: 2549009GL7U73W4FX613 | Long             | ABS-MBS          | CORP              | US        |      6862727 | PA      | $6879394.33    | 0.05%             | 2069-06-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                  | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |       309000 | PA      | $321051.00     | 0.00%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                  | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |       497000 | PA      | $531168.75     | 0.00%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                  | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |       437000 | PA      | $458850.00     | 0.00%             | 2030-05-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2023-A                                 | CUSIP: 638961AA0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       211598 | PA      | $217125.56     | 0.00%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                            | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |      6243000 | PA      | $6741971.78    | 0.05%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust                              | Navient Refinance Loan Trust 2025-C                                              | CUSIP: 638973AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3598000 | PA      | $3595706.63    | 0.03%             | 2055-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Loan Trust 2015-A                                      | CUSIP: 63939EAD5<br>LEI: 549300YZ4ZMNDBNO4U12 | Long             | ABS-O            | CORP              | US        |        96626 | PA      | $96709.02      | 0.00%             | 2030-11-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Loan Trust 2015-B                                      | CUSIP: 63939KAC3<br>LEI: 549300GZIQGXPYGM8M95 | Long             | ABS-O            | CORP              | US        |      1161337 | PA      | $1162330.52    | 0.01%             | 2040-07-16      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Loan Trust 2018-B                                      | CUSIP: 63940QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       156350 | PA      | $156051.89     | 0.00%             | 2059-12-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Loan Trust 2018-B                                      | CUSIP: 63940QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       537741 | PA      | $537820.64     | 0.00%             | 2059-12-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2019-C                                 | CUSIP: 63940YAB2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       980451 | PA      | $968062.96     | 0.01%             | 2068-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2019-A                                 | CUSIP: 63941BAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |        23868 | PA      | $23783.91      | 0.00%             | 2043-01-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2019-A                                 | CUSIP: 63941BAC9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       458744 | PA      | $458701.73     | 0.00%             | 2043-01-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2019-D                                 | CUSIP: 63941CAC7<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      1461861 | PA      | $1457378.20    | 0.01%             | 2059-12-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2020-D                                 | CUSIP: 63941HAB8<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $89009.47      | 0.00%             | 2069-05-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2020-C                                 | CUSIP: 63941KAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      3380776 | PA      | $3253464.35    | 0.02%             | 2068-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2020-C                                 | CUSIP: 63941KAC9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      1700505 | PA      | $1712720.97    | 0.01%             | 2068-11-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Student Loan Trust 2019-B                                                | CUSIP: 63941LAB9<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |       500372 | PA      | $491755.01     | 0.00%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2020-H                                 | CUSIP: 63942AAA4<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       691959 | PA      | $644120.08     | 0.00%             | 2069-04-15      | Fixed         | 1.33%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2020-H                                 | CUSIP: 63942AAB2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      2656480 | PA      | $2643347.22    | 0.02%             | 2069-04-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2021-A                                 | CUSIP: 63942BAA2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       260094 | PA      | $238187.57     | 0.00%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2021-D                                 | CUSIP: 63942CAA0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |       345498 | PA      | $342061.86     | 0.00%             | 2060-04-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2021-E                                 | CUSIP: 63942EAA6<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      7254663 | PA      | $6524804.01    | 0.05%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2021-C                                 | CUSIP: 63942JAA5<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      3452699 | PA      | $3156410.84    | 0.02%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Student Loan Trust                                                       | CUSIP: 63942TAB1<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |      1508773 | PA      | $1521953.80    | 0.01%             | 2072-03-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                | Navient Private Education Refi Loan Trust 2024-A                                 | CUSIP: 63943CAA9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      4675449 | PA      | $4802569.94    | 0.03%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust                              | Navient Education Loan Trust 2025-A                                              | CUSIP: 63943EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1333000 | PA      | $1345153.23    | 0.01%             | 2055-07-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust                              | Navient Education Loan Trust 2025-A                                              | CUSIP: 63943EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3024000 | PA      | $3052930.00    | 0.02%             | 2055-07-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust                              | Navient Refinance Loan Trust 2025-B                                              | CUSIP: 63943NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4740000 | PA      | $4738882.31    | 0.03%             | 2055-09-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9291544 | PA      | $9327082.34    | 0.07%             | 2055-05-17      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4285000 | PA      | $4287309.62    | 0.03%             | 2055-05-17      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2406000 | PA      | $2416567.39    | 0.02%             | 2055-05-17      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1725000 | PA      | $1727213.87    | 0.01%             | 2055-05-17      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-A                                                 | CUSIP: 64033XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4550000 | PA      | $4588737.34    | 0.03%             | 2057-03-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-A                                                 | CUSIP: 64033XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5670000 | PA      | $5706406.50    | 0.04%             | 2057-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-A                                                 | CUSIP: 64033XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5624918 | PA      | $5603996.29    | 0.04%             | 2057-03-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-B                                                 | CUSIP: 64034QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1112078 | PA      | $1111077.12    | 0.01%             | 2062-04-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2023-PL1                                               | CUSIP: 64034UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       257589 | PA      | $261106.99     | 0.00%             | 2053-11-25      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-D                                                 | CUSIP: 64034YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       218051 | PA      | $217385.82     | 0.00%             | 2062-04-20      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-D                                                 | CUSIP: 64034YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1866405 | PA      | $1774045.56    | 0.01%             | 2062-04-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-D                                                 | CUSIP: 64034YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       500000 | PA      | $450285.45     | 0.00%             | 2062-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       386982 | PA      | $386255.55     | 0.00%             | 2062-04-20      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1533926 | PA      | $1441126.72    | 0.01%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10883000 | PA      | $10843261.81   | 0.08%             | 2062-04-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       846874 | PA      | $795640.02     | 0.01%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3869000 | PA      | $3464306.86    | 0.03%             | 2062-04-20      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       300000 | PA      | $268620.33     | 0.00%             | 2062-04-20      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-C                                                 | CUSIP: 64035GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2959993 | PA      | $2952095.31    | 0.02%             | 2062-04-20      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2021-C                                                 | CUSIP: 64035GAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       664000 | PA      | $578267.57     | 0.00%             | 2062-04-20      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-C                                                 | CUSIP: 64035UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4887000 | PA      | $4914549.49    | 0.04%             | 2065-06-22      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-C                                                 | CUSIP: 64035UAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2778000 | PA      | $2746331.36    | 0.02%             | 2065-06-22      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers CLO 36R Ltd                                       | CUSIP: 64090EAA4<br>LEI: 254900RBT2LAQQHMHG60 | Long             | ABS-CBDO         | CORP              | KY        |      5500000 | PA      | $5508550.85    | 0.04%             | 2039-07-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers CLO 36R Ltd                                       | CUSIP: 64090EAG1<br>LEI: 254900RBT2LAQQHMHG60 | Long             | ABS-CBDO         | CORP              | KY        |      3440000 | PA      | $3448612.73    | 0.03%             | 2039-07-20      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers Clo 58 Ltd                                        | CUSIP: 640970AA7<br>LEI: 254900FFU2A0PJWUZ830 | Long             | ABS-CBDO         | CORP              | KY        |      1125000 | PA      | $1127945.25    | 0.01%             | 2038-10-18      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman CLO XXI Ltd                                                     | CUSIP: 64130DBS8<br>LEI: 549300VBBLOSKH8XQ869 | Long             | ABS-CBDO         | CORP              | KY        |      9000000 | PA      | $9019548.00    | 0.07%             | 2039-01-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers CLO 33 Ltd                                        | CUSIP: 64132TAU7<br>LEI: 549300RVE5T2OYI2H743 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5008022.50    | 0.04%             | 2039-04-16      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers CLO 34 Ltd                                        | CUSIP: 64132YBN1<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2007382.00    | 0.01%             | 2039-07-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers Clo 44 Ltd                                        | CUSIP: 64133VAQ0<br>LEI: 549300HMTDFWN3B2DI35 | Long             | ABS-CBDO         | CORP              | KY        |       425000 | PA      | $425253.94     | 0.00%             | 2035-10-16      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers Clo 40 Ltd                                        | CUSIP: 64134JAN3<br>LEI: 549300Y2YE54ON4DJE28 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5002498.00    | 0.04%             | 2037-10-16      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                  | Neuberger Berman Loan Advisers Clo 56 Ltd                                        | CUSIP: 64135TAJ9<br>LEI: 2549001742TZTUKJHB13 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1003889.00    | 0.01%             | 2037-07-24      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                      | New Mountain CLO 2 Ltd                                                           | CUSIP: 64754LAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3008550.60    | 0.02%             | 2038-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                      | New Mountain CLO 5 Ltd                                                           | CUSIP: 64754WAJ2<br>LEI: 2549000KVE2J1UOHZ207 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2002721.40    | 0.01%             | 2036-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                      | New Mountain CLO 7 Ltd                                                           | CUSIP: 64754YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2502714.75    | 0.02%             | 2038-03-31      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                      | New Mountain CLO 8 Ltd                                                           | CUSIP: 64755GAA5<br>LEI: 254900PW0IZ6YH8P9I85 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5000000.00    | 0.04%             | 2038-10-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2024-NQM3                                    | CUSIP: 647910AC2<br>LEI: 213800HBIGZVLLQA9I67 | Long             | ABS-MBS          | CORP              | US        |      8880187 | PA      | $8962037.93    | 0.07%             | 2064-11-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2018-2                                       | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |        80860 | PA      | $80082.66      | 0.00%             | 2058-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2024-NQM1                                    | CUSIP: 64828DAA5<br>LEI: 213800TFYSB4XLW7QW74 | Long             | ABS-MBS          | CORP              | US        |      1564216 | PA      | $1578106.35    | 0.01%             | 2064-03-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2024-NQM1                                    | CUSIP: 64828DAE7<br>LEI: 213800TFYSB4XLW7QW74 | Long             | ABS-MBS          | CORP              | US        |      1900000 | PA      | $1929763.31    | 0.01%             | 2064-03-25      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2019-NQM4                                    | CUSIP: 64828EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1591114 | PA      | $1529283.63    | 0.01%             | 2059-09-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2019-NQM4                                    | CUSIP: 64828EAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2638990 | PA      | $2536665.41    | 0.02%             | 2059-09-25      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2014-2                                       | CUSIP: 64828YAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       146260 | PA      | $139866.90     | 0.00%             | 2054-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2015-1                                       | CUSIP: 64829CAA6<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |        34246 | PA      | $33095.33      | 0.00%             | 2052-05-28      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2015-1                                       | CUSIP: 64829CAB4<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |        88354 | PA      | $85112.83      | 0.00%             | 2052-05-28      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2015-1                                       | CUSIP: 64829CAD0<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |       432865 | PA      | $416986.82     | 0.00%             | 2052-05-28      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2017-2                                       | CUSIP: 64829KBW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       119147 | PA      | $115499.73     | 0.00%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2018-5                                       | CUSIP: 64829XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       133104 | PA      | $133001.73     | 0.00%             | 2057-12-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2019-NQM5                                    | CUSIP: 64830PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       872192 | PA      | $832436.91     | 0.01%             | 2059-11-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2020-NQM1                                    | CUSIP: 64830VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       625891 | PA      | $592002.06     | 0.00%             | 2060-01-26      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2020-NQM1                                    | CUSIP: 64830VAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1825253 | PA      | $1724278.91    | 0.01%             | 2060-01-26      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2021-NQM2R                                   | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       574842 | PA      | $549927.64     | 0.00%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2022-SFR1                                    | CUSIP: 64831KAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       258000 | PA      | $252655.53     | 0.00%             | 2039-02-17      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2022-NQM3                                    | CUSIP: 64831QAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       892695 | PA      | $833351.00     | 0.01%             | 2062-04-25      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2022-NQM5                                    | CUSIP: 64831VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2231563 | PA      | $2223582.13    | 0.02%             | 2052-11-25      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | NEW Residential Mortgage Loan Trust 2025-Nqm2                                    | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-MBS          | CORP              | US        |      2144532 | PA      | $2163965.91    | 0.02%             | 2065-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2024-NQM2                                    | CUSIP: 64832BAC9<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |      6075060 | PA      | $6077188.49    | 0.04%             | 2064-09-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM3                                    | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |     18113558 | PA      | $18294141.27   | 0.13%             | 2065-05-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM1                                    | CUSIP: 64832DAC5<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-MBS          | CORP              | US        |      3537581 | PA      | $3571602.38    | 0.03%             | 2065-01-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM1                                    | CUSIP: 64832DAF8<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-MBS          | CORP              | US        |      2171711 | PA      | $2221757.65    | 0.02%             | 2065-01-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM4                                    | CUSIP: 64832FAC0<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |      4707112 | PA      | $4732919.62    | 0.03%             | 2065-07-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM4                                    | CUSIP: 64832FAG1<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |      3500000 | PA      | $3483108.30    | 0.03%             | 2065-07-25      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM5                                    | CUSIP: 64832GAC8<br>LEI: 213800USJ6KQFZEWGZ76 | Long             | ABS-MBS          | CORP              | US        |     11997174 | PA      | $11998482.89   | 0.09%             | 2065-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM5                                    | CUSIP: 64832GAG9<br>LEI: 213800USJ6KQFZEWGZ76 | Long             | ABS-MBS          | CORP              | US        |      1300000 | PA      | $1301924.65    | 0.01%             | 2065-08-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2025-NQM5                                    | CUSIP: 64832GAH7<br>LEI: 213800USJ6KQFZEWGZ76 | Long             | ABS-MBS          | CORP              | US        |       833333 | PA      | $819555.26     | 0.01%             | 2065-08-25      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                         | Newell Brands Inc                                                                | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      1117000 | PA      | $1114038.71    | 0.01%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                         | Newell Brands Inc                                                                | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      1843000 | PA      | $1802369.77    | 0.01%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| NEWELL BRANDS INC                                         | Newell Brands Inc                                                                | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      1687000 | PA      | $1585780.00    | 0.01%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| NEWELL BRANDS INC                                         | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      2618000 | PA      | $2487100.00    | 0.02%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| NEWELL BRANDS INC                                         | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |       374000 | PA      | $383692.95     | 0.00%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                                         | Nexa Resources SA                                                                | CUSIP: 65290DAB9<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |       219000 | PA      | $232994.10     | 0.00%             | 2034-04-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                    | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      2291000 | PA      | $2240742.10    | 0.02%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| XPLR INFRAST OPERATING                                    | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      2647000 | PA      | $2722881.55    | 0.02%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| 1988 CLO Ltd.                                             | 1988 CLO 2 Ltd                                                                   | CUSIP: 653947AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3545000 | PA      | $3548998.76    | 0.03%             | 2038-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                       | Nigeria Government International Bond                                            | CUSIP: 65412AFD9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |       514000 | PA      | $577093.50     | 0.00%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |       907000 | PA      | $888697.28     | 0.01%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                              | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      8371000 | PA      | $7851292.16    | 0.06%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                   | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      2064000 | PA      | $1999574.59    | 0.01%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                   | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      4488000 | PA      | $4484681.30    | 0.03%             | 2028-09-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |       966000 | PA      | $1010851.29    | 0.01%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                              | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      2595000 | PA      | $2740127.97    | 0.02%             | 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        |      3447000 | PA      | $3666062.85    | 0.03%             | 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        |      5685000 | PA      | $5900137.46    | 0.04%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                             | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |       971000 | PA      | $918287.61     | 0.01%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| NORDSTROM INC                                             | Nordstrom Inc                                                                    | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |      1569000 | PA      | $1428635.53    | 0.01%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| NORTHERN OIL & GAS INC                                    | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |      3024000 | PA      | $3082029.96    | 0.02%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| NORTHERN OIL & GAS INC                                    | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |       600000 | PA      | $584401.56     | 0.00%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                           | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |      4579000 | PA      | $4649942.45    | 0.03%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                           | Gen Digital Inc                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |      1525000 | PA      | $1573850.33    | 0.01%             | 2030-09-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                           | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |       388000 | PA      | $399423.88     | 0.00%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                       | NOVA Chemicals Corp                                                              | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |      6647000 | PA      | $6662048.81    | 0.05%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                       | NOVA Chemicals Corp                                                              | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |      1467000 | PA      | $1427684.40    | 0.01%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                       | NOVA Chemicals Corp                                                              | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |      2167000 | PA      | $2317335.63    | 0.02%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                                  | NRTH Commercial Mortgage Trust 2025-PARK                                         | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11031000 | PA      | $11034447.19   | 0.08%             | 2040-10-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                              | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      2550000 | PA      | $2463937.50    | 0.02%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                              | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      1114000 | PA      | $1020780.15    | 0.01%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| NOVELIS CORP                                              | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      2907000 | PA      | $3017588.09    | 0.02%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                              | Novelis Corp                                                                     | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |       186000 | PA      | $188450.55     | 0.00%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                       | NuStar Logistics LP                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |       334000 | PA      | $336844.66     | 0.00%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                       | NuStar Logistics LP                                                              | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |      1529000 | PA      | $1592392.34    | 0.01%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Onslow Bay Financial LLC                                  | OBX 2021-NQM2 Trust                                                              | CUSIP: 670857AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1369399 | PA      | $1143500.96    | 0.01%             | 2061-05-25      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2020-19 Ltd                                                              | CUSIP: 670881AU5<br>LEI: 254900ZMV4RGFPV8TK42 | Long             | ABS-CBDO         | CORP              | KY        |      2250000 | PA      | $2250175.95    | 0.02%             | 2038-04-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                  | OCP SA                                                                           | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |       695000 | PA      | $774959.75     | 0.01%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| OCP CLO Ltd                                               | OCP CLO 2015-10 Ltd                                                              | CUSIP: 67092DBD0<br>LEI: 254900FZYL5HDKV64882 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2003826.00    | 0.01%             | 2038-01-26      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2016-12 Ltd                                                              | CUSIP: 67092RAY4<br>LEI: 254900U8BS6KLMI9K654 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005312.40    | 0.01%             | 2037-10-18      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2016-12 Ltd                                                              | CUSIP: 67092RBC1<br>LEI: 254900U8BS6KLMI9K654 | Long             | ABS-CBDO         | CORP              | KY        |      4750000 | PA      | $4753306.00    | 0.03%             | 2037-10-18      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2017-13 Ltd                                                              | CUSIP: 67097LAV8<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007348.20    | 0.02%             | 2037-11-26      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2017-14 Ltd                                                              | CUSIP: 67097QAS4<br>LEI: 25490025Q5WQX513IQ05 | Long             | ABS-CBDO         | CORP              | KY        |       680000 | PA      | $680541.21     | 0.00%             | 2037-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2017-14 Ltd                                                              | CUSIP: 67097QAY1<br>LEI: 25490025Q5WQX513IQ05 | Long             | ABS-CBDO         | CORP              | KY        |      1260000 | PA      | $1266040.19    | 0.01%             | 2037-07-20      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2019-INV1 Trust                                                              | CUSIP: 67098AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       239148 | PA      | $231397.61     | 0.00%             | 2048-11-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 4 Ltd                                                         | CUSIP: 67098DBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       700000 | PA      | $701397.90     | 0.01%             | 2038-01-22      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 6 Ltd                                                         | CUSIP: 67098UAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3250000 | PA      | $3258586.50    | 0.02%             | 2037-10-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 7 Ltd                                                         | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      6250000 | PA      | $6260031.88    | 0.05%             | 2038-07-19      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2021-21 Ltd                                                              | CUSIP: 671000AL1<br>LEI: 2549000M7NBNQ7XU2038 | Long             | ABS-CBDO         | CORP              | KY        |      1250000 | PA      | $1250164.50    | 0.01%             | 2038-01-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                                      | OHA Loan Funding 2013-2 Ltd                                                      | CUSIP: 67104LAK3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1260000 | PA      | $1261557.99    | 0.01%             | 2038-10-20      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2024-35 Ltd                                                              | CUSIP: 671064AA1<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |      2500000 | PA      | $2518193.75    | 0.02%             | 2037-10-25      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2020-18 Ltd                                                              | CUSIP: 671078AW3<br>LEI: 254900MN6N176YEZLX15 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501280.35     | 0.00%             | 2037-07-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| OZLM Funding Ltd                                          | OZLM Funding II Ltd                                                              | CUSIP: 67108BCG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3002018.40    | 0.02%             | 2037-07-30      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                                      | OHA Loan Funding 2015-1 Ltd                                                      | CUSIP: 67109BDN1<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |      3715000 | PA      | $3720834.78    | 0.03%             | 2038-10-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                                      | OHA Loan Funding 2015-1 Ltd                                                      | CUSIP: 67109BDS0<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $499983.50     | 0.00%             | 2038-10-19      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                                      | OHA Loan Funding 2015-1 Ltd                                                      | CUSIP: 67109BDW1<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |      2750000 | PA      | $2750000.00    | 0.02%             | 2038-10-19      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                                      | OHA Loan Funding 2016-1 Ltd                                                      | CUSIP: 67110UAW9<br>LEI: 54930016024GMIAF7A82 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250868.78     | 0.00%             | 2037-07-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                  | OZLM XVIII Ltd                                                                   | CUSIP: 67112GAA6<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |       788572 | PA      | $788875.82     | 0.01%             | 2031-04-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                  | OZLM XVIII Ltd                                                                   | CUSIP: 67112GAC2<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $499003.90     | 0.00%             | 2031-04-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2018-15 Ltd                                                              | CUSIP: 67112KAG4<br>LEI: 254900WK4JKXAXOKTL68 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001713.00    | 0.01%             | 2038-01-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 3 LTD                                                         | CUSIP: 67112RBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $751608.00     | 0.01%             | 2038-01-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                  | OZLM XXIV Ltd                                                                    | CUSIP: 67113DBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1200000 | PA      | $1202215.68    | 0.01%             | 2032-07-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 5 Ltd                                                         | CUSIP: 67113GAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1754521.48    | 0.01%             | 2037-10-18      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP Clo 2019-17 Ltd                                                              | CUSIP: 67113LAW6<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |      3250000 | PA      | $3257000.50    | 0.02%             | 2037-07-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP Clo 2019-17 Ltd                                                              | CUSIP: 67113LAY2<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501102.20     | 0.00%             | 2037-07-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2021-NQM1 Trust                                                              | CUSIP: 67114BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1381458 | PA      | $1212293.17    | 0.01%             | 2066-02-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2022-NQM1 Trust                                                              | CUSIP: 67114VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1260000 | PA      | $1003617.97    | 0.01%             | 2061-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Partners XVI                                                          | CUSIP: 67115LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       625000 | PA      | $626504.75     | 0.00%             | 2037-10-18      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 13 Ltd                                                        | CUSIP: 67116CAL7<br>LEI: 254900P7TOYX9E9JQ066 | Long             | ABS-CBDO         | CORP              | BM        |       751000 | PA      | $752779.19     | 0.01%             | 2037-07-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 13 Ltd                                                        | CUSIP: 67116CAU7<br>LEI: 254900P7TOYX9E9JQ066 | Long             | ABS-CBDO         | CORP              | BM        |      1000000 | PA      | $1003390.90    | 0.01%             | 2037-07-20      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2022-NQM7 Trust                                                              | CUSIP: 67117DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       401121 | PA      | $400305.65     | 0.00%             | 2062-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2023-NQM3 Trust                                                              | CUSIP: 67117PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7986364 | PA      | $7998561.27    | 0.06%             | 2063-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2023-NQM6 Trust                                                              | CUSIP: 67117VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1737029 | PA      | $1748988.94    | 0.01%             | 2063-07-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM3 Trust                                                              | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |      1047465 | PA      | $1058209.86    | 0.01%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2022-NQM9 Trust                                                              | CUSIP: 67118LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1257588 | PA      | $1252899.15    | 0.01%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM4 Trust                                                              | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |      2852617 | PA      | $2883994.15    | 0.02%             | 2064-01-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM11 Trust                                                             | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |      1330252 | PA      | $1340696.02    | 0.01%             | 2064-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM14 Trust                                                             | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |      2950945 | PA      | $2943339.87    | 0.02%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2024-37 Ltd                                                              | CUSIP: 67120AAA9<br>LEI: 213800VGDQYISNVLCT08 | Long             | ABS-CBDO         | CORP              | JE        |      2750000 | PA      | $2757911.48    | 0.02%             | 2037-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                                 | ORL Trust 2024-GLKS                                                              | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4400000 | PA      | $4404125.00    | 0.03%             | 2039-12-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| OCP Aegis CLO Ltd                                         | OCP Aegis CLO 2024-39 Ltd                                                        | CUSIP: 67120EAA1<br>LEI: 2138009EGVOGD3J5GI42 | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2001990.40    | 0.01%             | 2037-01-16      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2024-38 Ltd                                                              | CUSIP: 67120KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5011995.50    | 0.04%             | 2038-01-21      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2024-38 Ltd                                                              | CUSIP: 67120KAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3004754.70    | 0.02%             | 2038-01-21      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 22 Ltd                                                        | CUSIP: 67121HAA3<br>LEI: 2549003SYMVHPGWUV286 | Long             | ABS-CBDO         | CORP              | KY        |      2050000 | PA      | $2053075.00    | 0.01%             | 2038-07-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 10-R Ltd                                                      | CUSIP: 67121RAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4003341.60    | 0.03%             | 2037-07-18      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 10-R Ltd                                                      | CUSIP: 67121RAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3004612.50    | 0.02%             | 2038-07-18      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                             | NYC Commercial Mortgage Trust 2025-300P                                          | CUSIP: 67121TAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3179000 | PA      | $3208969.07    | 0.02%             | 2042-07-13      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                   | NYMT Loan Trust 2025-CP1                                                         | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |      9584613 | PA      | $9201266.10    | 0.07%             | 2069-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                             | NYC Commercial Mortgage Trust 2025-11X                                           | CUSIP: 67122NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4940000 | PA      | $4940000.00    | 0.04%             | 2040-10-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                             | NYC Commercial Mortgage Trust 2025-28L                                           | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5516000 | PA      | $5511057.66    | 0.04%             | 2038-11-05      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                           | Oaktree CLO 2021-2 Ltd                                                           | CUSIP: 67389BAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2497261.25    | 0.02%             | 2035-01-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM17 Trust                                                             | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-MBS          | CORP              | US        |      7747479 | PA      | $7818213.89    | 0.06%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2023-NQM5 Trust                                                              | CUSIP: 673919AD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       850000 | PA      | $855016.96     | 0.01%             | 2063-06-25      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                           | Oaktree CLO 2019-3 Ltd                                                           | CUSIP: 67400EBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007606.80    | 0.02%             | 2038-01-20      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                           | Oaktree CLO 2020-1 Ltd                                                           | CUSIP: 67402FAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2000332.00    | 0.01%             | 2038-01-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                           | Oaktree CLO 2024-27 Ltd                                                          | CUSIP: 67402UAJ5<br>LEI: 2549005VHJ8BB9WPL105 | Long             | ABS-CBDO         | CORP              | KY        |       270000 | PA      | $270996.33     | 0.00%             | 2037-10-22      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                         | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |        61000 | PA      | $62291.98      | 0.00%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                         | Chord Energy Corp                                                                | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |       746000 | PA      | $747775.40     | 0.01%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM5 Trust                                                              | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |      1158935 | PA      | $1169938.00    | 0.01%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2024-32 Ltd                                                              | CUSIP: 67570DAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      1200000 | PA      | $1209443.40    | 0.01%             | 2037-04-23      | Floating      | 10.62%                | No            |                  2 | On Loan: No      |
| OSD CLO 2023-27, Ltd.                                     | OCP CLO 2023-27 Ltd                                                              | CUSIP: 67570KAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3500000 | PA      | $3513009.15    | 0.03%             | 2038-07-15      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                               | OCP CLO 2019-16 Ltd                                                              | CUSIP: 67570QAK7<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-CBDO         | CORP              | KY        |      4160418 | PA      | $4161327.23    | 0.03%             | 2033-04-10      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners Ltd                           | Octagon Investment Partners 18-R Ltd                                             | CUSIP: 67576FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       263055 | PA      | $263007.26     | 0.00%             | 2031-04-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Octagon 66 Ltd                                            | Octagon 66 Ltd                                                                   | CUSIP: 67577WAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4625000 | PA      | $4640997.88    | 0.03%             | 2036-11-16      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Octagon 75 Ltd                                            | Octagon 75 Ltd                                                                   | CUSIP: 67579EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2002384.00    | 0.01%             | 2038-01-22      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Octagon Investments Partners 36, Ltd.                     | Octagon Investment Partners 36 Ltd                                               | CUSIP: 67591UAG2<br>LEI: 549300S890TBOLY1D042 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249875.08     | 0.00%             | 2031-04-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 9 Ltd                                                         | CUSIP: 67690AAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5012032.50    | 0.04%             | 2037-10-19      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 9 Ltd                                                         | CUSIP: 67690AAS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2003968.60    | 0.01%             | 2037-10-19      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 9 Ltd                                                         | CUSIP: 67690AAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002866.30    | 0.01%             | 2037-10-19      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 14-R Ltd                                                      | CUSIP: 67706QAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1005590.10    | 0.01%             | 2038-04-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | Oak Hill Credit Partners X-R Ltd                                                 | CUSIP: 67707CBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $2998116.00    | 0.02%             | 2038-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | Oak Hill Credit Partners X-R Ltd                                                 | CUSIP: 67707CBL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       950000 | PA      | $950468.64     | 0.01%             | 2038-04-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | Oak Hill Credit Partners X-R Ltd                                                 | CUSIP: 67707CBN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1496687.10    | 0.01%             | 2038-04-20      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 2 LTD                                                         | CUSIP: 67707EBJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $500795.00     | 0.00%             | 2038-01-21      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                           | OHA Credit Funding 2 LTD                                                         | CUSIP: 67707ECA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1550000 | PA      | $1556960.74    | 0.01%             | 2038-01-21      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                 | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |      2983000 | PA      | $2953994.89    | 0.02%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                  | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |       200000 | PA      | $191590.96     | 0.00%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                  | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      6488000 | PA      | $6324131.94    | 0.05%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                                  | Olympus Water US Holding Corp                                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      4366000 | PA      | $4368619.60    | 0.03%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                               | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                                            | CUSIP: 682001LP5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |      1380000 | PA      | $1493910.86    | 0.01%             | 2049-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ONE Park Mortgage Trust                                   | ONE 2021-PARK Mortgage Trust                                                     | CUSIP: 682413AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1800000 | PA      | $1775781.90    | 0.01%             | 2036-03-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       719000 | PA      | $706020.68     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      2061000 | PA      | $2034599.62    | 0.01%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      2470000 | PA      | $2335109.10    | 0.02%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      1807000 | PA      | $1741150.39    | 0.01%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      2491000 | PA      | $2559736.65    | 0.02%             | 2029-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      1985000 | PA      | $2020275.34    | 0.01%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Avenue of Americas                                        | 1301 Trust 2025-AOA                                                              | CUSIP: 682461AN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10595000 | PA      | $10701286.92   | 0.08%             | 2042-08-11      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                        | One New York Plaza Trust 2020-1NYP                                               | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $975000.00     | 0.01%             | 2036-01-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                        | One New York Plaza Trust 2020-1NYP                                               | CUSIP: 68249DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       519000 | PA      | $499537.50     | 0.00%             | 2036-01-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                        | One New York Plaza Trust 2020-1NYP                                               | CUSIP: 68249DAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $950000.00     | 0.01%             | 2036-01-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| 1988 CLO Ltd.                                             | 1988 CLO 5 Ltd                                                                   | CUSIP: 68252PAA4<br>LEI: 254900KAQBAF5XV8IU66 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4012458.80    | 0.03%             | 2037-07-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2022-2                                          | CUSIP: 68268VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       423614 | PA      | $423984.09     | 0.00%             | 2034-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2022-2                                          | CUSIP: 68268VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8929000 | PA      | $8915078.80    | 0.06%             | 2034-10-14      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2020-2                                          | CUSIP: 682696AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       446116 | PA      | $438088.35     | 0.00%             | 2035-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2020-2                                          | CUSIP: 682696AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       392000 | PA      | $376032.70     | 0.00%             | 2035-09-14      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2020-2                                          | CUSIP: 682696AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       575000 | PA      | $553252.81     | 0.00%             | 2035-09-14      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2019-2                                          | CUSIP: 68269BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       350000 | PA      | $343832.72     | 0.00%             | 2036-10-14      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2023-2                                          | CUSIP: 68269HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5323000 | PA      | $5492667.96    | 0.04%             | 2036-09-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2023-2                                          | CUSIP: 68269HAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       595000 | PA      | $613021.18     | 0.00%             | 2036-09-15      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2023-2                                          | CUSIP: 68269HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4250000 | PA      | $4291166.35    | 0.03%             | 2036-09-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2023-1                                          | CUSIP: 68269JAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3088000 | PA      | $3164095.11    | 0.02%             | 2038-06-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2023-1                                          | CUSIP: 68269JAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       595000 | PA      | $621077.42     | 0.00%             | 2038-06-14      | Fixed         | 7.49%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2021-1                                          | CUSIP: 68269MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       200000 | PA      | $188189.56     | 0.00%             | 2036-06-16      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2021-1                                          | CUSIP: 68269MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       500000 | PA      | $468652.95     | 0.00%             | 2036-06-16      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | Onemain Financial Issuance Trust 2024-1                                          | CUSIP: 68269NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17087000 | PA      | $17963433.24   | 0.13%             | 2041-05-14      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | Onemain Financial Issuance Trust 2025-1                                          | CUSIP: 68270DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12650000 | PA      | $12769524.79   | 0.09%             | 2038-07-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | Onemain Financial Issuance Trust 2025-1                                          | CUSIP: 68270DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1072000 | PA      | $1082246.50    | 0.01%             | 2038-07-14      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                                | 1345T 2025-AOA                                                                   | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13575000 | PA      | $13600453.13   | 0.10%             | 2042-06-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                                | 1345T 2025-AOA                                                                   | CUSIP: 68271CAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11711000 | PA      | $11802581.31   | 0.09%             | 2042-06-15      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| ONNI Commercial Mortgage Trust                            | ONNI Commerical Mortgage Trust 2024-APT                                          | CUSIP: 682939AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5605000 | PA      | $5712865.98    | 0.04%             | 2039-07-15      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                            | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |       895000 | PA      | $869912.08     | 0.01%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                            | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |      2809000 | PA      | $2658346.59    | 0.02%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                             | Open Text Holdings Inc                                                           | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1214000 | PA      | $1158820.20    | 0.01%             | 2030-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| OPEN TEXT INC                                             | Open Text Holdings Inc                                                           | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1290000 | PA      | $1200984.97    | 0.01%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| OPEN Trust                                                | OPEN Trust 2023-AIR                                                              | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       235020 | PA      | $235019.61     | 0.00%             | 2040-11-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                              | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      3572000 | PA      | $3364136.75    | 0.02%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                              | Fibercop SpA                                                                     | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      2524000 | PA      | $2550476.76    | 0.02%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                              | Fibercop SpA                                                                     | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      1263000 | PA      | $1278656.15    | 0.01%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                               | Oracle Corp                                                                      | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     13544000 | PA      | $8952538.90    | 0.07%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                               | Oracle Corp                                                                      | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      3600000 | PA      | $3164720.36    | 0.02%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                                    | Orbia Advance Corp SAB de CV                                                     | CUSIP: 68560EAC2<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |       268000 | PA      | $268415.40     | 0.00%             | 2030-05-13      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Orchard Park CLO, LTD.                                    | Orchard Park Clo Ltd                                                             | CUSIP: 68563JAA2<br>LEI: 3912000K0W3TWP1KMO81 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002509.30    | 0.01%             | 2037-10-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Orchard Park CLO, LTD.                                    | Orchard Park Clo Ltd                                                             | CUSIP: 68563KAA9<br>LEI: 3912000K0W3TWP1KMO81 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001867.70    | 0.01%             | 2037-10-20      | Floating      | 9.48%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2257000 | PA      | $1730073.54    | 0.01%             | 2031-04-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Orion CLO Ltd.                                            | Orion CLO 2025-6 Ltd                                                             | CUSIP: 68626HAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3014941.50    | 0.02%             | 2038-10-20      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                  | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3403000 | PA      | $3389305.31    | 0.02%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                  | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       358000 | PA      | $345722.18     | 0.00%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                  | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       183000 | PA      | $193314.76     | 0.00%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                            | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |      1990000 | PA      | $1950214.73    | 0.01%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Owl Rock CLO Ltd                                          | OWL Rock Clo V LLC                                                               | CUSIP: 69120JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1500000 | PA      | $1501833.90    | 0.01%             | 2034-04-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| PFP III                                                   | PFP 2024-11 Ltd                                                                  | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1333294 | PA      | $1334119.89    | 0.01%             | 2039-09-17      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                 | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      8738000 | PA      | $8987251.45    | 0.07%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| PFS Financing Corp.                                       | PFS Financing Corp                                                               | CUSIP: 69335PFD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2440000 | PA      | $2442371.92    | 0.02%             | 2028-01-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                       | PFS Financing Corp                                                               | CUSIP: 69335PFH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1750000 | PA      | $1752378.25    | 0.01%             | 2028-04-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                       | PFS Financing Corp                                                               | CUSIP: 69335PFV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8050000 | PA      | $8133918.03    | 0.06%             | 2030-02-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                  | Performance Food Group Inc                                                       | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |       172000 | PA      | $172036.81     | 0.00%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2021-AFC1 Trust                                                            | CUSIP: 69357TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1620155 | PA      | $1401767.92    | 0.01%             | 2056-08-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2021-AFC2 Trust                                                            | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2872996 | PA      | $2576812.32    | 0.02%             | 2056-11-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2022-NQM1 Trust                                                             | CUSIP: 69378KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2847221 | PA      | $2837345.77    | 0.02%             | 2067-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2022-NQM1 Trust                                                             | CUSIP: 69378KAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       248000 | PA      | $247097.92     | 0.00%             | 2067-08-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2023-NQM3 Trust                                                             | CUSIP: 69380TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3382729 | PA      | $3409293.11    | 0.02%             | 2068-11-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2024-AFC1 Trust                                                            | CUSIP: 69380WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       851592 | PA      | $858483.58     | 0.01%             | 2059-03-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| PGA National Resort Commercial Mortgage Trust             | PGA Trust 2024-RSR2                                                              | CUSIP: 69381CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8463000 | PA      | $8470934.06    | 0.06%             | 2039-06-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM3                                                                   | CUSIP: 69381FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6378714 | PA      | $6386213.21    | 0.05%             | 2069-08-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-RCF5 LLC                                                               | CUSIP: 69381JAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2250000 | PA      | $2101909.95    | 0.02%             | 2054-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM4 Trust                                                             | CUSIP: 69381UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10496614 | PA      | $10559672.34   | 0.08%             | 2069-12-26      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM4 Trust                                                             | CUSIP: 69381UAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $5062016.00    | 0.04%             | 2069-12-26      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2025-HOME1                                                                 | CUSIP: 69382FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3133217 | PA      | $3160023.93    | 0.02%             | 2060-02-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-NQM3 Trust                                                             | CUSIP: 69382NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11195698 | PA      | $11268098.32   | 0.08%             | 2070-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-NQM3 Trust                                                             | CUSIP: 69382NAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3017822 | PA      | $3019721.12    | 0.02%             | 2070-05-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust                            | PENN Commercial Mortgage Trust 2025-P11                                          | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6364000 | PA      | $6469614.40    | 0.05%             | 2042-08-10      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust                            | PENN Commercial Mortgage Trust 2025-P11                                          | CUSIP: 69382VAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5516000 | PA      | $5616023.83    | 0.04%             | 2042-08-10      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-RCF4 LLC                                                               | CUSIP: 69382WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1166667 | PA      | $1124741.19    | 0.01%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-RCF4 LLC                                                               | CUSIP: 69382WAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1400000 | PA      | $1331339.66    | 0.01%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-RCF4 LLC                                                               | CUSIP: 69382WAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1333333 | PA      | $1224279.29    | 0.01%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2024-HOME1 Trust                                                           | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1150343 | PA      | $1165991.41    | 0.01%             | 2059-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                      | PRET 2025-RPL1 Trust                                                             | CUSIP: 69392FAA5<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |      6904020 | PA      | $6745328.00    | 0.05%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                      | PRET 2025-RPL2 Trust                                                             | CUSIP: 69392LAA2<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |      1188610 | PA      | $1159070.77    | 0.01%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-NQM4 Trust                                                             | CUSIP: 69392VAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1705000 | PA      | $1698204.55    | 0.01%             | 2070-07-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2025-AFC1 Trust                                                            | CUSIP: 69392YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000000 | PA      | $14994802.95   | 0.11%             | 2060-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM1 Trust                                                             | CUSIP: 693977AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1315008 | PA      | $1326900.78    | 0.01%             | 2068-12-25      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                                | PRM5 Trust 2025-PRM5                                                             | CUSIP: 693980AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7507000 | PA      | $7473998.48    | 0.05%             | 2033-03-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                                | PRM5 Trust 2025-PRM5                                                             | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3200000 | PA      | $3185414.72    | 0.02%             | 2033-03-10      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2023-AFC1 Trust                                                            | CUSIP: 693981AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2339195 | PA      | $2340623.50    | 0.02%             | 2058-02-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-NQM2 Trust                                                             | CUSIP: 693983AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11691880 | PA      | $11772938.62   | 0.09%             | 2070-04-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                               | PRKCM 2023-AFC3 Trust                                                            | CUSIP: 693984AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1007284.30    | 0.01%             | 2058-09-25      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                | PacifiCorp                                                                       | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |       262000 | PA      | $275238.07     | 0.00%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2021-3 Ltd                                                     | CUSIP: 69688FAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4750000 | PA      | $4757125.00    | 0.03%             | 2038-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2022-1 Ltd                                                     | CUSIP: 69689QAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5750000 | PA      | $5758621.55    | 0.04%             | 2038-10-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2022-3 Ltd                                                     | CUSIP: 69690AAS6<br>LEI: 5493000CAZ8VWJGUOH13 | Long             | ABS-CBDO         | CORP              | JE        |       250000 | PA      | $250602.43     | 0.00%             | 2037-07-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2022-3 Ltd                                                     | CUSIP: 69690AAW7<br>LEI: 5493000CAZ8VWJGUOH13 | Long             | ABS-CBDO         | CORP              | JE        |      6940000 | PA      | $6948990.08    | 0.05%             | 2037-07-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2022-3 Ltd                                            | CUSIP: 69690CAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |         9641 | PA      | $9641.96       | 0.00%             | 2031-04-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2022-3 Ltd                                            | CUSIP: 69690CAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1150000 | PA      | $1149962.05    | 0.01%             | 2031-04-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2022-3 Ltd                                            | CUSIP: 69690CAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001694.70    | 0.01%             | 2031-04-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-3 Ltd                                            | CUSIP: 69690EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3544910 | PA      | $3545299.81    | 0.03%             | 2032-08-08      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-3 Ltd                                            | CUSIP: 69690EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $1998843.80    | 0.01%             | 2032-08-08      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-3 Ltd                                            | CUSIP: 69690EAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2200000 | PA      | $2205117.64    | 0.02%             | 2032-08-08      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-3 Ltd                                            | CUSIP: 69690EAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2006216.40    | 0.01%             | 2032-08-08      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2025-5 Ltd                                                     | CUSIP: 696914AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3000000.00    | 0.02%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2025-4 Ltd                                                     | CUSIP: 696916AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3004131.00    | 0.02%             | 2038-10-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2019-1 Ltd                                                     | CUSIP: 69700GBC5<br>LEI: 549300Y43K78UTRMTN21 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $4984523.50    | 0.04%             | 2038-08-14      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2022-2 Ltd                                            | CUSIP: 69701NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |         3714 | PA      | $3714.17       | 0.00%             | 2030-10-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2022-2 Ltd                                            | CUSIP: 69701NAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4050000 | PA      | $4047669.63    | 0.03%             | 2030-10-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2021-4 Ltd                                                     | CUSIP: 69702EAL9<br>LEI: 254900HTQ89UZTKY6247 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004604.00    | 0.01%             | 2038-07-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2023-1 Ltd                                                     | CUSIP: 69702TAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       830000 | PA      | $828333.11     | 0.01%             | 2038-01-20      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2023-1 Ltd                                                     | CUSIP: 69702UAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $497477.10     | 0.00%             | 2038-01-20      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-2 Ltd                                            | CUSIP: 69703HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $750038.40     | 0.01%             | 2033-01-15      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-1 Ltd                                            | CUSIP: 69703NAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001472.90    | 0.01%             | 2032-10-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-1 Ltd                                            | CUSIP: 69703QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       945000 | PA      | $945050.56     | 0.01%             | 2032-10-15      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2024-2 Ltd                                            | CUSIP: 69703RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2698410 | PA      | $2696787.18    | 0.02%             | 2033-01-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2025-1 Ltd                                                     | CUSIP: 69703UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $746635.20     | 0.01%             | 2038-04-20      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2024-4 Ltd                                                     | CUSIP: 69703WAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1060000 | PA      | $1064337.63    | 0.01%             | 2038-01-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                     | Palmer Square CLO 2025-1 Ltd                                                     | CUSIP: 69703YAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001492.90    | 0.01%             | 2038-04-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2025-2 Ltd                                            | CUSIP: 69704AAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $3996474.00    | 0.03%             | 2033-07-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                            | Palmer Square Loan Funding 2025-1 Ltd                                            | CUSIP: 69704CAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000000.00    | 0.01%             | 2033-02-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                        | Panama Government International Bond                                             | CUSIP: 698299AV6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      1006000 | PA      | $1011030.00    | 0.01%             | 2026-01-29      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                            | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       563000 | PA      | $429755.75     | 0.00%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                            | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       696000 | PA      | $733236.00     | 0.01%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                            | CUSIP: 698299BX1<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       795000 | PA      | $882847.50     | 0.01%             | 2031-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                     | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6281000 | PA      | $6491269.04    | 0.05%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| Park Blue CLO Ltd                                         | Park Blue CLO 2022-II Ltd                                                        | CUSIP: 70018CAQ9<br>LEI: 2138008W8XU9WO8BZO09 | Long             | ABS-CBDO         | CORP              | KY        |      4110000 | PA      | $4120275.00    | 0.03%             | 2037-07-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | PARK BLUE CLO 2023-III LTD                                                       | CUSIP: 70019AAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1615000 | PA      | $1620344.36    | 0.01%             | 2037-04-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | PARK BLUE CLO 2023-III LTD                                                       | CUSIP: 70019BAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $1984479.00    | 0.01%             | 2038-04-20      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | Park Blue Clo 2024-V Ltd                                                         | CUSIP: 70019CAA3<br>LEI: 213800H9UFJ6SS8AMF70 | Long             | ABS-CBDO         | CORP              | KY        |      9240000 | PA      | $9269600.34    | 0.07%             | 2037-07-25      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | Park Blue CLO 2025-VII Ltd                                                       | CUSIP: 70019HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4005410.80    | 0.03%             | 2038-04-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | Park Blue CLO 2024-VI Ltd                                                        | CUSIP: 70019KAA5<br>LEI: 213800RLFYTJFPXOL592 | Long             | ABS-CBDO         | CORP              | KY        |      5200000 | PA      | $5211971.44    | 0.04%             | 2038-01-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | Park Blue Clo 2025-IX Ltd                                                        | CUSIP: 70019UAJ4<br>LEI: 213800GMETRF98C4D824 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3024797.40    | 0.02%             | 2038-10-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                         | Park Blue CLO 2025-VIII Ltd                                                      | CUSIP: 70019XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3500000 | PA      | $3517716.30    | 0.03%             | 2038-10-25      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                    | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |      2220000 | PA      | $2218016.87    | 0.02%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                    | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |      1874000 | PA      | $1820133.56    | 0.01%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| PARK INTERMED HOLDINGS                                    | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |       923000 | PA      | $945216.61     | 0.01%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                   | Park River Holdings Inc                                                          | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |      2228000 | PA      | $2293601.45    | 0.02%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| PARKLAND CORP                                             | Parkland Corp                                                                    | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |       543000 | PA      | $542256.80     | 0.00%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| PARKLAND CORP                                             | Parkland Corp                                                                    | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |       850000 | PA      | $820509.42     | 0.01%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                             | Parkland Corp                                                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |      2153000 | PA      | $2088782.04    | 0.02%             | 2030-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                             | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |      1563000 | PA      | $1595677.64    | 0.01%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Peace Park CLO, Ltd.                                      | Peace Park CLO Ltd                                                               | CUSIP: 70470MAQ8<br>LEI: 549300XHXTUZ93V6SK42 | Long             | ABS-CBDO         | CORP              | KY        |      2837000 | PA      | $2841295.79    | 0.02%             | 2038-10-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Peace Park CLO, Ltd.                                      | Peace Park CLO Ltd                                                               | CUSIP: 70470MAW5<br>LEI: 549300XHXTUZ93V6SK42 | Long             | ABS-CBDO         | CORP              | KY        |      5750000 | PA      | $5732714.35    | 0.04%             | 2038-10-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                     | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |       200000 | PA      | $194190.14     | 0.00%             | 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        |      2096000 | PA      | $2090974.84    | 0.02%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                     | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      2881000 | PA      | $3061500.41    | 0.02%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                     | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      5227000 | PA      | $5472554.01    | 0.04%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                     | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      2014000 | PA      | $2100781.25    | 0.02%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                  | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |       209000 | PA      | $203826.50     | 0.00%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                  | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |      1926000 | PA      | $1977420.35    | 0.01%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                  | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      3104000 | PA      | $3220254.11    | 0.02%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                  | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |       500000 | PA      | $489088.50     | 0.00%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                  | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |       673000 | PA      | $678680.79     | 0.00%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                       | Peru Government International Bonds                                              | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |       910000 | PA      | $842205.00     | 0.01%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                       | Peru Government International Bonds                                              | CUSIP: 715638DP4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |       578000 | PA      | $479451.00     | 0.00%             | 2032-12-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                          | Peruvian Government International Bond                                           | CUSIP: 715638FB3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     61255000 | PA      | $19207577.42   | 0.14%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAP2<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |       762000 | PA      | $576262.50     | 0.00%             | 2050-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                  | Petrobras Global Finance BV                                                      | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |       867000 | PA      | $883733.10     | 0.01%             | 2041-01-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                       | Petroleos Mexicanos                                                              | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |       603000 | PA      | $619341.30     | 0.00%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                       | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |       954000 | PA      | $933679.80     | 0.01%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                       | Petroleos Mexicanos                                                              | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |       447000 | PA      | $368104.50     | 0.00%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                       | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      2911503 | PA      | $3144132.09    | 0.02%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| PETROLEOS DEL PERU SA                                     | Petroleos del Peru SA                                                            | CUSIP: 716564AA7<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |       599000 | PA      | $510647.50     | 0.00%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                                  | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11016000 | PA      | $11062608.70   | 0.08%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                   | Philippine Government International Bond                                         | CUSIP: 718286CY1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |       952000 | PA      | $965982.50     | 0.01%             | 2028-07-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| Pikes Peak CLO                                            | Pikes Peak Clo 15 2023 Ltd                                                       | CUSIP: 720922AL7<br>LEI: 213800Z4RS2ZM3411T95 | Long             | ABS-CBDO         | CORP              | JE        |      3500000 | PA      | $3504084.15    | 0.03%             | 2038-10-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                 | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |       250000 | PA      | $266754.09     | 0.00%             | 2031-01-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                            | Pikes Peak CLO 14 2023 Ltd                                                       | CUSIP: 72134CAL5<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |      1620000 | PA      | $1624644.38    | 0.01%             | 2038-07-20      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                      | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |      1508000 | PA      | $1382154.38    | 0.01%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                      | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |       629000 | PA      | $608803.06     | 0.00%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                      | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |      1611000 | PA      | $1717781.91    | 0.01%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| PILGRIM'S PRIDE CORP                                      | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |       598000 | PA      | $662107.39     | 0.00%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL CAM/PLUS LOTE                                  | Pluspetrol Camisea SA / Pluspetrol Lote 56 SA                                    | CUSIP: 72941KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |       448000 | PA      | $478800.00     | 0.00%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: —       |
| PMT Loan Trust                                            | PMT Loan Trust 2024-INV1                                                         | CUSIP: 73015BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7152205 | PA      | $7199066.38    | 0.05%             | 2059-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                            | PMT Loan Trust 2025-INV4                                                         | CUSIP: 73015DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3676476 | PA      | $3707549.66    | 0.03%             | 2056-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                            | PMT Loan Trust 2025-INV2                                                         | CUSIP: 73015JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7170765 | PA      | $7300096.75    | 0.05%             | 2056-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                               | Point Broadband Funding LLC                                                      | CUSIP: 73052AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4410000 | PA      | $4416075.66    | 0.03%             | 2055-07-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                               | Point Broadband Funding LLC                                                      | CUSIP: 73052AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2510000 | PA      | $2515622.90    | 0.02%             | 2055-07-20      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Point Au Roche Park CLO, Ltd                              | Point Au Roche Park CLO Ltd                                                      | CUSIP: 73052VAA3<br>LEI: 5493000RMLD359CPH591 | Long             | ABS-CBDO         | CORP              | KY        |       700000 | PA      | $700259.07     | 0.01%             | 2034-07-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds         | Republic of Poland Government International Bonds                                | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |       222000 | PA      | $225485.40     | 0.00%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds         | Republic of Poland Government International Bonds                                | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |       716000 | PA      | $702818.44     | 0.01%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                         | Polaris Newco LLC EUR Term Loan B                                                | CUSIP: 73108RAC2<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |      1989664 | PA      | $2103608.69    | 0.02%             | 2028-06-02      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                      | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |       870000 | PA      | $873146.53     | 0.01%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Post CLO LTD                                              | Post CLO VI Ltd                                                                  | CUSIP: 73742RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1755113.68    | 0.01%             | 2038-01-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                                              | Post CLO 2022-1 LTD                                                              | CUSIP: 73742YAC9<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |      1805000 | PA      | $1807012.21    | 0.01%             | 2035-04-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      5256000 | PA      | $5258638.51    | 0.04%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      1321000 | PA      | $1280765.77    | 0.01%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |       951000 | PA      | $893053.98     | 0.01%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      2858000 | PA      | $2937711.48    | 0.02%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      2275000 | PA      | $2304106.35    | 0.02%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |       100000 | PA      | $101171.30     | 0.00%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                       | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |      1501000 | PA      | $1496287.46    | 0.01%             | 2028-01-15      | Fixed         | 5.13%                 | 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        |      4251000 | PA      | $4139896.71    | 0.03%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                  | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2980000 | PA      | $2898017.73    | 0.02%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PRIO LUX HLD SARL                                         | PRIO Luxembourg Holding Sarl                                                     | CUSIP: 74259PAA5<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |       454000 | PA      | $445090.25     | 0.00%             | 2030-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                | Progress Residential 2024-SFR2 Trust                                             | CUSIP: 74290XAC5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |      2089000 | PA      | $2000466.30    | 0.01%             | 2041-04-17      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                | Progress Residential 2021-SFR10 Trust                                            | CUSIP: 74333WAN2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |       417776 | PA      | $411027.28     | 0.00%             | 2040-12-17      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| UNIQUE PUB FINANCE CO                                     | Unique Pub Finance Co PLC/The                                                    | CUSIP: 000000000<br>LEI: 213800FOMWLKHQTI5562 | Long             | DBT              | CORP              | GB        |      4016975 | PA      | $5551541.43    | 0.04%             | 2032-03-30      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-RCF3 LLC                                                               | CUSIP: 74390BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2903281.80    | 0.02%             | 2054-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-RCF3 LLC                                                               | CUSIP: 74390BAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $1883514.40    | 0.01%             | 2054-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-NQM1 Trust                                                             | CUSIP: 74391EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4179888 | PA      | $4220266.63    | 0.03%             | 2069-11-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2025-NQM1 Trust                                                             | CUSIP: 74391EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2027420 | PA      | $2054799.29    | 0.01%             | 2069-11-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-RCF4 LLC                                                               | CUSIP: 74448JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1399922 | PA      | $1382822.41    | 0.01%             | 2054-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                     | QTS Issuer ABS II LLC                                                            | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5182000 | PA      | $5178646.21    | 0.04%             | 2055-10-05      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                     | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |       534000 | PA      | $548396.11     | 0.00%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                     | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |      3294000 | PA      | $3410123.38    | 0.02%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ROCKETMTGE CO-ISSUER INC                                  | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       347000 | PA      | $333365.19     | 0.00%             | 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        |      6522000 | PA      | $6130989.80    | 0.04%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                     | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      6919000 | PA      | $7176469.83    | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                     | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      1770000 | PA      | $1841787.66    | 0.01%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Rad CLO Ltd                                               | Rad CLO 22 Ltd                                                                   | CUSIP: 74923VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1890000 | PA      | $1894571.53    | 0.01%             | 2037-01-20      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | Rad CLO 7 Ltd                                                                    | CUSIP: 74936GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1500754.65    | 0.01%             | 2036-04-17      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES8                                                    | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5418437 | PA      | $5451023.79    | 0.04%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES1                                                    | CUSIP: 749424AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       138000 | PA      | $139220.67     | 0.00%             | 2044-02-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES3                                                    | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1312843 | PA      | $1331105.52    | 0.01%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                  | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              |  | US        |      1051000 | PA      | $1048651.54    | 0.01%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                  | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |       355000 | PA      | $349239.20     | 0.00%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                  | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |       309000 | PA      | $318622.88     | 0.00%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                  | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |      3591000 | PA      | $3694144.29    | 0.03%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                  | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |      2023000 | PA      | $2087972.69    | 0.02%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Residential Funding Mtg Sec I                             | RFMSI Series 2007-SA4 Trust                                                      | CUSIP: 74959AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       111562 | PA      | $67450.06      | 0.00%             | 2037-10-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                      | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |      3863000 | PA      | $3833483.59    | 0.03%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                      | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |      1956000 | PA      | $1847098.14    | 0.01%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ROCC Trust                                                | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $2110582.00    | 0.02%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 5 Ltd                                                                         | CUSIP: 74979VAT0<br>LEI: 549300213Q1LH7O32902 | Long             | ABS-CBDO         | CORP              | KY        |      1250000 | PA      | $1257111.63    | 0.01%             | 2039-07-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 8 Ltd                                                                         | CUSIP: 74980FAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2045000 | PA      | $2046752.57    | 0.01%             | 2037-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR15 Ltd                                                                         | CUSIP: 74980XAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       300000 | PA      | $300103.95     | 0.00%             | 2036-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| RUN NQM TRUST                                             | RUN 2022-NQM1 Trust                                                              | CUSIP: 74981CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2021054 | PA      | $2004957.08    | 0.01%             | 2067-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 19 Ltd                                                                        | CUSIP: 74983AAJ2<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-CBDO         | CORP              | KY        |      1630000 | PA      | $1629269.27    | 0.01%             | 2040-04-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 19 Ltd                                                                        | CUSIP: 74983AAL7<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $750744.23     | 0.01%             | 2040-04-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 19 Ltd                                                                        | CUSIP: 74983BAJ0<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $3993945.20    | 0.03%             | 2040-04-15      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 32 LTD /old                                                                   | CUSIP: 74988CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250618.80     | 0.00%             | 2039-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 38 Ltd                                                                        | CUSIP: 74988FAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1125000 | PA      | $1124447.63    | 0.01%             | 2040-04-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 38 Ltd                                                                        | CUSIP: 74988FAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $749905.58     | 0.01%             | 2040-04-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | RAD CLO 27 Ltd                                                                   | CUSIP: 749972AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002375.00    | 0.01%             | 2038-01-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | RAD CLO 21 Ltd                                                                   | CUSIP: 750099AQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3120000 | PA      | $3113760.00    | 0.02%             | 2037-01-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | Rad CLO 18 Ltd                                                                   | CUSIP: 75009AAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002029.30    | 0.01%             | 2037-07-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | Rad Clo 25 Ltd                                                                   | CUSIP: 75009GAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |      2000000 | PA      | $2006760.00    | 0.01%             | 2037-07-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | RAD CLO 28 Ltd                                                                   | CUSIP: 75009UAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $750895.35     | 0.01%             | 2038-04-20      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | RAD CLO 24 Ltd                                                                   | CUSIP: 75010CAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1004091.70    | 0.01%             | 2037-07-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                               | Rad CLO 6 Ltd                                                                    | CUSIP: 75010KAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3008580.60    | 0.02%             | 2037-10-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Radian Mortgage Capital Trust                             | Radian Mortgage Capital Trust LLC 2024-J1                                        | CUSIP: 75023DAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1538983 | PA      | $1546534.93    | 0.01%             | 2054-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Radian Mortgage Capital Trust                             | Radian Mortgage Capital Trust 2024-J2                                            | CUSIP: 75023WAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1734910 | PA      | $1744127.18    | 0.01%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                         | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |       257000 | PA      | $277526.86     | 0.00%             | 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        |      3366000 | PA      | $3775405.91    | 0.03%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                         | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      5937000 | PA      | $6203015.89    | 0.05%             | 2029-12-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| RAIZEN FUELS FINANCE                                      | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |       598000 | PA      | $507178.75     | 0.00%             | 2034-03-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                      | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAC0<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |       257000 | PA      | $198468.25     | 0.00%             | 2054-03-05      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                      | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |       465000 | PA      | $474367.89     | 0.00%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| Regatta XVIII Funding Ltd                                 | Regatta XVIII Funding Ltd                                                        | CUSIP: 75884EAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3200000 | PA      | $3198957.76    | 0.02%             | 2038-04-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Regatta XVIII Funding Ltd                                 | Regatta XVIII Funding Ltd                                                        | CUSIP: 75884EAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2855000 | PA      | $2856760.11    | 0.02%             | 2038-04-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Regatta VI Funding Ltd.                                   | Regatta VI Funding Ltd                                                           | CUSIP: 75887NBL2<br>LEI: 2549001NU08X5ZRD6A39 | Long             | ABS-CBDO         | CORP              | KY        |      3247276 | PA      | $3251328.60    | 0.02%             | 2038-10-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Regatta Funding                                           | Regatta XI Funding Ltd                                                           | CUSIP: 75887XAN7<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004400.00    | 0.01%             | 2037-07-17      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Regatta XVII Funding Ltd                                  | Regatta XVII Funding Ltd                                                         | CUSIP: 75888BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3900000 | PA      | $3910865.79    | 0.03%             | 2037-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Regatta XII Funding Ltd.                                  | Regatta XII Funding Ltd                                                          | CUSIP: 75888HAW1<br>LEI: 2549001ZYXDVCT6R4I31 | Long             | ABS-CBDO         | CORP              | KY        |      3540000 | PA      | $3549922.27    | 0.03%             | 2037-10-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                                 | Regatta XXIV Funding Ltd                                                         | CUSIP: 75889HAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007608.60    | 0.02%             | 2038-01-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Regatta 31 Funding Ltd.                                   | Regatta 31 Funding Ltd                                                           | CUSIP: 758962AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2590000 | PA      | $2589196.84    | 0.02%             | 2038-03-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Regatta 31 Funding Ltd.                                   | Regatta 31 Funding Ltd                                                           | CUSIP: 758962AE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1075000 | PA      | $1077100.55    | 0.01%             | 2038-03-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Regatta 31 Funding Ltd.                                   | Regatta 31 Funding Ltd                                                           | CUSIP: 758962AJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005383.00    | 0.01%             | 2038-03-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Regatta XXV Funding Ltd.                                  | Regatta XXV Funding Ltd                                                          | CUSIP: 758978AL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004766.00    | 0.01%             | 2038-07-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2024-1                                        | CUSIP: 758983AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1371000 | PA      | $1397070.94    | 0.01%             | 2036-07-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2024-1                                        | CUSIP: 758983AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3844000 | PA      | $3959835.86    | 0.03%             | 2036-07-15      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| Regatta XXVIII Funding Ltd.                               | Regatta XXVIII Funding Ltd                                                       | CUSIP: 75901PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $752531.63     | 0.01%             | 2037-04-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Regatta 30 Funding Ltd.                                   | Regatta 30 Funding Ltd                                                           | CUSIP: 75903UAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3006354.00    | 0.02%             | 2038-01-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2024-2                                        | CUSIP: 75907AAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1033000 | PA      | $1042627.77    | 0.01%             | 2033-12-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2024-2                                        | CUSIP: 75907AAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3736000 | PA      | $3772147.67    | 0.03%             | 2033-12-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2024-2                                        | CUSIP: 75907AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       750000 | PA      | $756630.15     | 0.01%             | 2033-12-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2022-1                                        | CUSIP: 75907DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       256342 | PA      | $255560.37     | 0.00%             | 2032-03-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2022-1                                        | CUSIP: 75907DAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1080000 | PA      | $1072227.46    | 0.01%             | 2032-03-15      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2021-2                                        | CUSIP: 75907UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4477000 | PA      | $4314626.37    | 0.03%             | 2033-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2021-2                                        | CUSIP: 75907UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1710000 | PA      | $1600231.51    | 0.01%             | 2033-08-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2025-1                                        | CUSIP: 75908AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5337000 | PA      | $5390567.47    | 0.04%             | 2034-04-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                        | Regional Management Issuance Trust 2025-2                                        | CUSIP: 75908BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7346000 | PA      | $7327064.14    | 0.05%             | 2037-11-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2024-A                                           | CUSIP: 76041RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6024000 | PA      | $6086865.86    | 0.04%             | 2032-08-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2024-A                                           | CUSIP: 76041RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1801000 | PA      | $1838412.17    | 0.01%             | 2032-08-20      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2024-A                                           | CUSIP: 76041RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1665000 | PA      | $1704631.00    | 0.01%             | 2032-08-20      | Fixed         | 7.28%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2025-A                                           | CUSIP: 76042FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6466000 | PA      | $6438811.76    | 0.05%             | 2034-11-20      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2024-B                                           | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7613000 | PA      | $7744057.80    | 0.06%             | 2037-11-20      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2024-B                                           | CUSIP: 76042GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3630000 | PA      | $3699636.83    | 0.03%             | 2037-11-20      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2021-A                                           | CUSIP: 76042UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       317061 | PA      | $316654.03     | 0.00%             | 2031-12-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                           | Republic Finance Issuance Trust 2021-A                                           | CUSIP: 76042UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5550000 | PA      | $5464339.08    | 0.04%             | 2031-12-22      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                           | Residential Mortgage Loan Trust 2021-1R                                          | CUSIP: 76090NAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       660876 | PA      | $638460.54     | 0.00%             | 2065-01-25      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                  | Uruguay Government International Bond                                            | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     83328842 | PA      | $2305182.20    | 0.02%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                              | Oriental Republic of Uruguay                                                     | CUSIP: 760942BG6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |       743682 | PA      | $712819.20     | 0.01%             | 2060-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                  | Uruguay Government International Bond                                            | CUSIP: 760942BJ0<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    165634581 | PA      | $4172213.15    | 0.03%             | 2035-10-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                           | Residential Mortgage Loan Trust 2020-1                                           | CUSIP: 76119CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2250000 | PA      | $2153889.90    | 0.02%             | 2060-01-26      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                           | Residential Mortgage Loan Trust 2020-1                                           | CUSIP: 76119CAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1528000 | PA      | $1433328.94    | 0.01%             | 2060-01-26      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                           | Residential Mortgage Loan Trust 2019-2                                           | CUSIP: 76119DAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       895000 | PA      | $890004.11     | 0.01%             | 2059-05-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                                    | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2300000 | PA      | $2071587.00    | 0.02%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| RESORTS WORLD/RWLV CAP                                    | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3300000 | PA      | $3345375.00    | 0.02%             | 2030-07-27      | Fixed         | 8.45%                 | No            |                  2 | On Loan: —       |
| Retained Vantage Data Centers Issuer, LLC                 | Retained Vantage Data Centers Issuer LLC                                         | CUSIP: 76134KAM6<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |      4089000 | PA      | $4106161.53    | 0.03%             | 2050-08-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                    | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |       250000 | PA      | $255264.25     | 0.00%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                    | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |      1645000 | PA      | $1716769.71    | 0.01%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Riverbank Park CLO Ltd                                    | Riverbank Park Clo Ltd                                                           | CUSIP: 76857KAA7<br>LEI: 391200XRMVMR7GI9DR39 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $989368.60     | 0.01%             | 2038-01-25      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                            | Rocket Cos Inc                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3754000 | PA      | $3893777.94    | 0.03%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                            | Rocket Cos Inc                                                                   | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2183000 | PA      | $2291950.95    | 0.02%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                                       | Rocket Software Inc 2023 EUR Term Loan B                                         | CUSIP: 77313DAX9<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |      2000000 | PA      | $2306591.08    | 0.02%             | 2028-11-28      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                  | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2468000 | PA      | $2422603.16    | 0.02%             | 2026-10-15      | Fixed         | 2.88%                 | 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        |       118000 | PA      | $108664.89     | 0.00%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                       | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |      1578000 | PA      | $1626094.66    | 0.01%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                  | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |      2438000 | PA      | $2417045.15    | 0.02%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                    | Rockford Tower CLO 2017-3 Ltd                                                    | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |       183728 | PA      | $184005.39     | 0.00%             | 2030-10-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                    | Rockford Tower CLO 2018-2 Ltd                                                    | CUSIP: 77342KAA8<br>LEI: 5493001SZ764RMCNU069 | Long             | ABS-CBDO         | CORP              | KY        |        83291 | PA      | $83305.55      | 0.00%             | 2031-10-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                  | Rogers Communications Inc                                                        | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      2861000 | PA      | $2842002.39    | 0.02%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                  | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      2949000 | PA      | $3083351.96    | 0.02%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ROGERS COMMUNICATIONS IN                                  | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      1490000 | PA      | $1594770.12    | 0.01%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       222000 | PA      | $224775.00     | 0.00%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       500000 | PA      | $511625.00     | 0.00%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                    | RR 27 Ltd                                                                        | CUSIP: 78110VAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |      4000000 | PA      | $4005460.00    | 0.03%             | 2040-10-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                      | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |      3936000 | PA      | $3847752.12    | 0.03%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SESAC Finance, LLC                                        | Sesac Finance LLC                                                                | CUSIP: 78396YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3866000 | PA      | $3855807.68    | 0.03%             | 2055-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                                      | SCG Commercial Mortgage Trust 2025-DLFN                                          | CUSIP: 78398EAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7410000 | PA      | $7382338.47    | 0.05%             | 2035-03-15      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                                      | SCG Trust 2025-SNIP                                                              | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6460000 | PA      | $6468478.10    | 0.05%             | 2042-09-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                   | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |      8815000 | PA      | $8716384.83    | 0.06%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                   | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |      1057000 | PA      | $999173.86     | 0.01%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                                 | SHR Trust 2024-LXRY                                                              | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5130000 | PA      | $5133206.25    | 0.04%             | 2041-10-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                                 | SHR Trust 2024-LXRY                                                              | CUSIP: 784234AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       345000 | PA      | $347570.53     | 0.00%             | 2041-10-15      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                       | SG Residential Mortgage Trust 2019-3                                             | CUSIP: 78432BAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2858202.60    | 0.02%             | 2059-09-25      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                    | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1368000 | PA      | $1353050.22    | 0.01%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                       | SG Residential Mortgage Trust 2022-2                                             | CUSIP: 78434KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        35296 | PA      | $35294.06      | 0.00%             | 2062-08-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                                      | SCG 2024-MSP Mortgage Trust                                                      | CUSIP: 78436EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8700000 | PA      | $8694577.29    | 0.06%             | 2041-04-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| SAIF Securitization Trust                                 | SAIF Securitization Trust 2024-CES1                                              | CUSIP: 78436VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2534264 | PA      | $2549813.46    | 0.02%             | 2054-07-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                                | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10496000 | PA      | $10573847.78   | 0.08%             | 2042-04-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                                      | SCG Commercial Mortgage Trust 2025-FLWR                                          | CUSIP: 78438AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1259000 | PA      | $1259393.44    | 0.01%             | 2042-08-15      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| SAIF Securitization Trust                                 | SAIF Securitization Trust 2025-CES1                                              | CUSIP: 78438CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2232000 | PA      | $2238382.85    | 0.02%             | 2065-06-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                  | SLM Corp                                                                         | CUSIP: 78442PGE0<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |      3321000 | PA      | $3262966.75    | 0.02%             | 2026-11-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                  | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |       866000 | PA      | $897888.72     | 0.01%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                    | SLM Private Credit Student Loan Trust 2004-A                                     | CUSIP: 78443CBH6<br>LEI: 54930054KUX5HFXZUQ43 | Long             | ABS-O            | CORP              | US        |       198303 | PA      | $197698.47     | 0.00%             | 2033-06-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                    | SLM Private Credit Student Loan Trust 2004-B                                     | CUSIP: 78443CBP8<br>LEI: 549300HIOV1ESFZYQ040 | Long             | ABS-O            | CORP              | US        |       193900 | PA      | $191515.61     | 0.00%             | 2033-09-15      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                    | SLM Private Credit Student Loan Trust 2005-A                                     | CUSIP: 78443CBV5<br>LEI: 549300ZTEFT8CS12SF95 | Long             | ABS-O            | CORP              | US        |      1173696 | PA      | $1157517.96    | 0.01%             | 2038-12-15      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                    | SLM Private Credit Student Loan Trust 2006-A                                     | CUSIP: 78443CCL6<br>LEI: 549300I2YWZ9E1B0EY33 | Long             | ABS-O            | CORP              | US        |        72449 | PA      | $69627.55      | 0.00%             | 2039-06-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                    | SLM Private Credit Student Loan Trust 2007-A                                     | CUSIP: 78443DAD4<br>LEI: 549300T563MF7L069881 | Long             | ABS-O            | CORP              | US        |       317973 | PA      | $312205.53     | 0.00%             | 2041-12-16      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                    | SLM Private Education Loan Trust 2010-C                                          | CUSIP: 78445QAE1<br>LEI: 549300JEA36NHBYED811 | Long             | ABS-O            | CORP              | US        |      2366504 | PA      | $2477596.84    | 0.02%             | 2041-10-15      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2015-C                                          | CUSIP: 78448RAE6<br>LEI: 549300GD7VLLBVPDNJ81 | Long             | ABS-O            | CORP              | US        |        10675 | PA      | $10652.87      | 0.00%             | 2043-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2017-A                                          | CUSIP: 78448WAD7<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |        91227 | PA      | $90292.40      | 0.00%             | 2041-06-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5146174 | PA      | $4760557.01    | 0.03%             | 2053-01-15      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2708977 | PA      | $2645536.67    | 0.02%             | 2053-01-15      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1070634 | PA      | $979404.84     | 0.01%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1934912 | PA      | $1916127.83    | 0.01%             | 2053-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2022-C                                          | CUSIP: 78449CAA6<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |       788521 | PA      | $787472.09     | 0.01%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2022-C                                          | CUSIP: 78449CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5072000 | PA      | $4991308.03    | 0.04%             | 2050-05-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2020-PTB                                        | CUSIP: 78449DAC0<br>LEI: 549300164ZV2301BC703 | Long             | ABS-O            | CORP              | US        |      3005239 | PA      | $2991101.73    | 0.02%             | 2054-09-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2023-B                                          | CUSIP: 78449HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2435986 | PA      | $2484538.48    | 0.02%             | 2056-10-16      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2018-B                                          | CUSIP: 78449LAC2<br>LEI: 549300INMCHM7L5O6M41 | Long             | ABS-O            | CORP              | US        |       110599 | PA      | $110492.83     | 0.00%             | 2037-01-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-D                                          | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       111387 | PA      | $105053.17     | 0.00%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2018-A                                          | CUSIP: 78449PAB5<br>LEI: 549300QHI21JZK7YIR34 | Long             | ABS-O            | CORP              | US        |        19365 | PA      | $19252.10      | 0.00%             | 2036-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2018-A                                          | CUSIP: 78449PAC3<br>LEI: 549300QHI21JZK7YIR34 | Long             | ABS-O            | CORP              | US        |       106567 | PA      | $106515.62     | 0.00%             | 2036-02-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2019-A                                          | CUSIP: 78449TAB7<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |        78924 | PA      | $78157.69      | 0.00%             | 2036-07-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2019-A                                          | CUSIP: 78449TAC5<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |       607534 | PA      | $607437.07     | 0.00%             | 2036-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2020-A                                          | CUSIP: 78449UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        93274 | PA      | $90386.70      | 0.00%             | 2037-09-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2020-A                                          | CUSIP: 78449UAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       937715 | PA      | $936964.83     | 0.01%             | 2037-09-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2020-A                                          | CUSIP: 78449UAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3600000 | PA      | $3379518.36    | 0.02%             | 2045-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2020-PT-A                                       | CUSIP: 78449VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       493863 | PA      | $492147.16     | 0.00%             | 2054-09-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2020-PT-A                                       | CUSIP: 78449VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       380000 | PA      | $340596.85     | 0.00%             | 2054-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust                                                 | CUSIP: 78449XAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       157955 | PA      | $158347.11     | 0.00%             | 2053-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust                                                 | CUSIP: 78449XAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1016000 | PA      | $925140.75     | 0.01%             | 2053-07-15      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2022-A                                          | CUSIP: 78450FAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       437628 | PA      | $406692.10     | 0.00%             | 2054-11-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2023-A                                          | CUSIP: 78450QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1497746 | PA      | $1512489.63    | 0.01%             | 2053-01-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                              | SM Energy Co                                                                     | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |       696000 | PA      | $696638.93     | 0.01%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                              | SM Energy Co                                                                     | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |        60000 | PA      | $60532.14      | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                              | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      4816000 | PA      | $4805940.82    | 0.03%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                              | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      4944000 | PA      | $4836543.15    | 0.04%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2022-D                                          | CUSIP: 78454XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1435353 | PA      | $1484891.40    | 0.01%             | 2058-10-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SMRT                                                      | SMRT 2022-MINI                                                                   | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5150000 | PA      | $5143562.50    | 0.04%             | 2039-01-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| SMR 2022-IND Mortgage Trust                               | SMR 2022-IND Mortgage Trust                                                      | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2142227 | PA      | $2142484.81    | 0.02%             | 2039-02-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                     | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |      1084000 | PA      | $1123817.49    | 0.01%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| SREIT Trust                                               | SREIT Trust 2021-MFP                                                             | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5564875 | PA      | $5556179.41    | 0.04%             | 2038-11-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| SoFi Personal Loan Trust                                  | SoFi Personal Loan Trust 2023-1                                                  | CUSIP: 78474NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        49060 | PA      | $49674.18      | 0.00%             | 2030-11-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SURA ASSET MANAGEMENT                                     | SURA Asset Management SA                                                         | CUSIP: 78486LAB8<br>LEI: 549300013ETMS1C0EA22 | Long             | DBT              | CORP              | CO        |       615000 | PA      | $658665.00     | 0.00%             | 2032-05-13      | Fixed         | 6.35%                 | No            |                  2 | On Loan: —       |
| Social Professional Loan Program LLC                      | Sofi Professional Loan Program 2018-C Trust                                      | CUSIP: 78490DAB0<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |        17278 | PA      | $17156.37      | 0.00%             | 2048-01-25      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                      | Sagard-Halseypoint Clo 10 Ltd                                                    | CUSIP: 78663BAA7<br>LEI: 254900N7LSI0GVY3UO19 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5004570.00    | 0.04%             | 2038-10-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                      | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |        44953 | PA      | $44799.11      | 0.00%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| SANDS CHINA LTD                                           | Sands China Ltd                                                                  | CUSIP: 80007RAL9<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |      1700000 | PA      | $1671100.00    | 0.01%             | 2030-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sandstone Peak Ltd.                                       | Sandstone Peak Ltd                                                               | CUSIP: 800130AS5<br>LEI: 5493000VXRKO2Z5KET86 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2000948.00    | 0.01%             | 2034-10-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Sandstone Peak Ltd.                                       | Sandstone Peak Ltd                                                               | CUSIP: 800130AW6<br>LEI: 5493000VXRKO2Z5KET86 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005391.20    | 0.01%             | 2034-10-15      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Sand Trust                                                | Sandstone Peak II Ltd                                                            | CUSIP: 80013TAL7<br>LEI: 254900ZRRTOYR8JJD593 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002800.20    | 0.01%             | 2038-07-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust                 | Santander Mortgage Asset Receivable Trust 2025-NQM5                              | CUSIP: 80262CAG3<br>LEI: 254900FHBJ2YHHBOAU80 | Long             | ABS-MBS          | CORP              | US        |      3170000 | PA      | $3166367.50    | 0.02%             | 2065-08-25      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust                 | Santander Mortgage Asset Receivable Trust 2025-NQM2                              | CUSIP: 802638AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3131739 | PA      | $3158454.53    | 0.02%             | 2065-02-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                   | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |       702000 | PA      | $691898.22     | 0.01%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                   | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |       200000 | PA      | $198622.00     | 0.00%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                   | Sasol Financing USA LLC                                                          | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |       254000 | PA      | $215201.50     | 0.00%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                  | Saudi Government International Bond                                              | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |       847000 | PA      | $775627.88     | 0.01%             | 2053-01-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                  | Saudi Government International Bond                                              | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |       977000 | PA      | $996540.00     | 0.01%             | 2028-01-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                      | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2X2<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |       635000 | PA      | $644525.00     | 0.00%             | 2030-06-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                     | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |        60000 | PA      | $55466.74      | 0.00%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SCOTTS MIRACLE-GRO CO                                     | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |        86000 | PA      | $79614.65      | 0.00%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| SEAGATE DATA STOR                                         | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |       100000 | PA      | $102455.00     | 0.00%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                         | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |       628000 | PA      | $610936.24     | 0.00%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                   | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |       916000 | PA      | $973209.94     | 0.01%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                   | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |       250000 | PA      | $266090.75     | 0.00%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                   | SEAGATE DATA STORAGE TECH                                                        | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      2035000 | PA      | $2319672.08    | 0.02%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                           | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |       965000 | PA      | $950966.01     | 0.01%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                           | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |       780000 | PA      | $774482.28     | 0.01%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                  | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |       564000 | PA      | $592043.77     | 0.00%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| SEALED AIR CORP                                           | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |      1092000 | PA      | $1130001.60    | 0.01%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| SELF Commercial Mortgage Trust                            | SELF Commercial Mortgage Trust 2024-STRG                                         | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4680000 | PA      | $4679998.60    | 0.03%             | 2034-11-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| SELF Commercial Mortgage Trust                            | SELF Commercial Mortgage Trust 2024-STRG                                         | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4094000 | PA      | $4099090.89    | 0.03%             | 2034-11-15      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                    | Sequoia Mortgage Trust 2024-INV1                                                 | CUSIP: 816939AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5213195 | PA      | $5251000.85    | 0.04%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                   | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |      1806000 | PA      | $1760015.50    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                   | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |       534000 | PA      | $539179.80     | 0.00%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                          | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |      2126000 | PA      | $2050095.00    | 0.01%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                  | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |      1911000 | PA      | $1776233.18    | 0.01%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                        | Serbia International Bond                                                        | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |       590000 | PA      | $619500.00     | 0.00%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                    | Sequoia Mortgage Trust 2021-4                                                    | CUSIP: 81748WAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1544078 | PA      | $1441006.80    | 0.01%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                    | Sequoia Mortgage Trust 2024-HYB1                                                 | CUSIP: 81749EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5952186 | PA      | $5992046.04    | 0.04%             | 2063-11-25      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                         | Service Corp International/US                                                    | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |       250000 | PA      | $249304.83     | 0.00%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                         | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |       301000 | PA      | $301145.38     | 0.00%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                         | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      2454000 | PA      | $2280401.83    | 0.02%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                         | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      1583000 | PA      | $1499359.03    | 0.01%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                         | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |       815000 | PA      | $826860.70     | 0.01%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                    | Service Experts Issuer 2024-1 LLC                                                | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       856490 | PA      | $875651.56     | 0.01%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                    | Service Experts Issuer 2021-1 LLC                                                | CUSIP: 81758VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        23176 | PA      | $22763.30      | 0.00%             | 2032-02-02      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      2018000 | PA      | $2004607.14    | 0.01%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                  | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      6276000 | PA      | $6193672.81    | 0.05%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| 720 East CLO Ltd.                                         | 720 East CLO 2022-I Ltd                                                          | CUSIP: 81785AAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2755000 | PA      | $2761428.52    | 0.02%             | 2038-01-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                         | 720 East CLO VII Ltd                                                             | CUSIP: 81800WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4500000 | PA      | $4495822.65    | 0.03%             | 2037-04-20      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                                        | Shackleton 2013-III CLO Ltd                                                      | CUSIP: 81881QAU0<br>LEI: 549300S9WB2KLCOJR134 | Long             | ABS-CBDO         | CORP              | KY        |       447522 | PA      | $447508.99     | 0.00%             | 2030-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                                        | Shackleton 2013-IV-R CLO Ltd                                                     | CUSIP: 81882HAA3<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | KY        |       154929 | PA      | $154888.09     | 0.00%             | 2031-04-13      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                                        | Shackleton 2017-XI Clo Ltd                                                       | CUSIP: 81883EAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       159939 | PA      | $159600.43     | 0.00%             | 2030-08-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                       | Sherwin-Williams Co/The                                                          | CUSIP: 824348BP0<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |      5500000 | PA      | $3505543.25    | 0.03%             | 2052-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                   | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2889000 | PA      | $2983855.61    | 0.02%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                      | Signal Peak CLO 11 Ltd                                                           | CUSIP: 82666XAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2507159.75    | 0.02%             | 2037-07-18      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                      | Signal Peak CLO 14 Ltd                                                           | CUSIP: 82667FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4420000 | PA      | $4428791.82    | 0.03%             | 2038-01-22      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                      | Signal Peak CLO 7 Ltd                                                            | CUSIP: 82671EAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002680.00    | 0.01%             | 2037-10-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                      | Signal Peak CLO 8 Ltd                                                            | CUSIP: 826937AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8700000 | PA      | $8721750.00    | 0.06%             | 2037-10-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 8 Ltd                                                           | CUSIP: 827918AA1<br>LEI: 254900U97WKD6RJ07L38 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3003742.20    | 0.02%             | 2038-04-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 8 Ltd                                                           | CUSIP: 827919AA9<br>LEI: 254900U97WKD6RJ07L38 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $987409.80     | 0.01%             | 2038-04-15      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 6 Ltd                                                           | CUSIP: 82808MAA1<br>LEI: 254900RSFBN3VCGBVP05 | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5009944.00    | 0.04%             | 2037-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 7 LTD                                                           | CUSIP: 82808UAA3<br>LEI: 254900UZNMKMPK9GWJ82 | Long             | ABS-CBDO         | CORP              | KY        |      8170000 | PA      | $8193067.18    | 0.06%             | 2038-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point Clo 5 Ltd                                                           | CUSIP: 82809BAJ5<br>LEI: 254900IB4JHW6SUR0Q75 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1007452.00    | 0.01%             | 2037-10-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point Clo 4 Ltd                                                           | CUSIP: 82809EAA8<br>LEI: 254900DVAEEJOXQ8PL85 | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2007680.00    | 0.01%             | 2037-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 12 Ltd                                                          | CUSIP: 82809MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2500000 | PA      | $2506360.75    | 0.02%             | 2038-10-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 13 Ltd                                                          | CUSIP: 82809RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5000000.00    | 0.04%             | 2038-10-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 13 Ltd                                                          | CUSIP: 82809RAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2000000.00    | 0.01%             | 2038-10-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                     | Silver Point CLO 11 Ltd                                                          | CUSIP: 82809XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4010540.00    | 0.03%             | 2038-07-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                  | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |       393000 | PA      | $400502.37     | 0.00%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                       | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      6500000 | PA      | $6484914.80    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                       | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      6488000 | PA      | $6106619.79    | 0.04%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| SIRIUS XM RADIO LLC                                       | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      6732000 | PA      | $6542973.25    | 0.05%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                       | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |       306000 | PA      | $277630.83     | 0.00%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| SIX FLAGS ENTERTAINME                                     | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      1529000 | PA      | $1523056.78    | 0.01%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                     | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      2784000 | PA      | $2790837.50    | 0.02%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| SIX FLAGS ENT/SIX FLAG                                    | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2913000 | PA      | $2957921.37    | 0.02%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XVII Ltd                                                        | CUSIP: 83012FAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1749064.28    | 0.01%             | 2038-04-17      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XVIII Ltd                                                       | CUSIP: 83012HAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1600000 | PA      | $1605038.72    | 0.01%             | 2038-10-17      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XIX Ltd                                                         | CUSIP: 83012KAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $500982.45     | 0.00%             | 2038-07-17      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XX Ltd                                                          | CUSIP: 83012QAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250499.28     | 0.00%             | 2038-07-17      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XIII Ltd                                                        | CUSIP: 83012XAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001345.70    | 0.01%             | 2038-01-21      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XIV Ltd                                                         | CUSIP: 83013NAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5200000 | PA      | $5196657.96    | 0.04%             | 2038-01-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                     | Sixth Street CLO XIV Ltd                                                         | CUSIP: 83013NAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3735000 | PA      | $3732574.86    | 0.03%             | 2038-01-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2017-B                                          | CUSIP: 83189DAC4<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |        41627 | PA      | $41621.99      | 0.00%             | 2035-10-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2019-B                                          | CUSIP: 83192CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       151675 | PA      | $148671.20     | 0.00%             | 2037-06-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2019-B                                          | CUSIP: 83192CAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       432057 | PA      | $432276.48     | 0.00%             | 2037-06-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2019-B                                          | CUSIP: 83192CAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9155000 | PA      | $8770455.21    | 0.06%             | 2043-06-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-A                                          | CUSIP: 831943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3389146 | PA      | $3426177.44    | 0.02%             | 2056-03-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-A                                          | CUSIP: 831943AC9<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |       669000 | PA      | $687928.22     | 0.01%             | 2056-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-C                                          | CUSIP: 83206EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1635022 | PA      | $1629283.54    | 0.01%             | 2052-06-17      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2022-B                                          | CUSIP: 83206NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1206358 | PA      | $1217031.52    | 0.01%             | 2055-02-16      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2023-C                                          | CUSIP: 83207DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1779580 | PA      | $1829013.37    | 0.01%             | 2052-11-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2023-C                                          | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4068258 | PA      | $4108798.96    | 0.03%             | 2052-11-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-D                                          | CUSIP: 83207QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       423408 | PA      | $422009.69     | 0.00%             | 2053-07-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-C                                          | CUSIP: 83208AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       220326 | PA      | $203262.14     | 0.00%             | 2053-01-15      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-C                                          | CUSIP: 83208AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1511032 | PA      | $1499632.74    | 0.01%             | 2053-01-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2021-C                                          | CUSIP: 83208AAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1033127 | PA      | $1008412.20    | 0.01%             | 2053-01-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                  | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |      5604000 | PA      | $5901006.40    | 0.04%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                  | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |      1361000 | PA      | $1391819.85    | 0.01%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| SNAP INC                                                  | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |       966000 | PA      | $983287.54     | 0.01%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | SoFi Professional Loan Program 2020-C Trust                                      | CUSIP: 83390UAC1<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |       537000 | PA      | $462910.11     | 0.00%             | 2046-02-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | SoFi Professional Loan Program 2020-C Trust                                      | CUSIP: 83390UAF4<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |      1733439 | PA      | $1628765.34    | 0.01%             | 2046-02-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | Sofi Professional Loan Program 2019-B LLC                                        | CUSIP: 83404WAB3<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |       747223 | PA      | $733836.11     | 0.01%             | 2048-08-17      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | SoFi Professional Loan Program 2020-B Trust                                      | CUSIP: 83405FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1372642 | PA      | $1297554.83    | 0.01%             | 2046-05-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | SoFi Professional Loan Program 2020-B Trust                                      | CUSIP: 83405FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1350000 | PA      | $1123885.13    | 0.01%             | 2046-05-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | SoFi Professional Loan Program 2021-B Trust                                      | CUSIP: 83405NAA4<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |      1567895 | PA      | $1378400.06    | 0.01%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                      | SoFi Professional Loan Program 2020-ATrust                                       | CUSIP: 83406TAC6<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |       365000 | PA      | $322886.63     | 0.00%             | 2046-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                          | SoFi Consumer Loan Program 2025-1 Trust                                          | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9036949 | PA      | $9052226.49    | 0.07%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                          | SoFi Consumer Loan Program 2025-1 Trust                                          | CUSIP: 83406YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4393000 | PA      | $4438892.79    | 0.03%             | 2034-02-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SoFi Personal Loan Trust                                  | SoFi Personal Loan Trust 2024-1                                                  | CUSIP: 83407RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       421706 | PA      | $423993.43     | 0.00%             | 2031-02-12      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                      | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |      1185000 | PA      | $1152325.17    | 0.01%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SONIC AUTOMOTIVE INC                                      | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |       959000 | PA      | $912449.95     | 0.01%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Sound Point CLO LTD                                       | Sound Point CLO V-R LTD                                                          | CUSIP: 83607EAA0<br>LEI: 549300UPX3H8ENJXHI23 | Long             | ABS-CBDO         | CORP              | KY        |       345515 | PA      | $345541.77     | 0.00%             | 2031-07-18      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                       | Sound Point CLO V-R LTD                                                          | CUSIP: 83607EAC6<br>LEI: 549300UPX3H8ENJXHI23 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $998202.90     | 0.01%             | 2031-07-18      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                       | Sounds Point CLO IV-R LTD                                                        | CUSIP: 83609YAC0<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-CBDO         | CORP              | KY        |      3304232 | PA      | $3304653.27    | 0.02%             | 2031-04-18      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Trust                          | Soundview Home Loan Trust 2007-NS1                                               | CUSIP: 83612QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       268941 | PA      | $272654.97     | 0.00%             | 2037-01-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                       | Sound Point CLO XXV Ltd                                                          | CUSIP: 83614DAU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       822460 | PA      | $823479.88     | 0.01%             | 2033-04-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                       | Sound Point CLO XXVIII Ltd                                                       | CUSIP: 83615CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8495417 | PA      | $8501005.82    | 0.06%             | 2032-01-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                       | Sound Point CLO XXXII Ltd                                                        | CUSIP: 83616AAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3001449.00    | 0.02%             | 2034-10-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds   | Republic of South Africa Government International Bonds                          | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |       541000 | PA      | $422940.28     | 0.00%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds   | Republic of South Africa Government International Bonds                          | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |       994000 | PA      | $838439.00     | 0.01%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government International Bond                           | CUSIP: 836205BF0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |       597000 | PA      | $641625.75     | 0.00%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government International Bond                           | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |       665000 | PA      | $708909.95     | 0.01%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                  | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |        60000 | PA      | $62462.94      | 0.00%             | 2055-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                  | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |      2932000 | PA      | $3136539.25    | 0.02%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| AHLSTROM HLDG 3 OY                                        | Ahlstrom Holding 3 Oy                                                            | CUSIP: 84612JAA0<br>LEI: 743700UEY0YM039XN974 | Long             | DBT              | CORP              | FI        |      9689000 | PA      | $9420882.02    | 0.07%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| SPIRIT AEROSYSTEMS INC                                    | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      1429000 | PA      | $1439487.43    | 0.01%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                    | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      6576000 | PA      | $7224847.34    | 0.05%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SPRUCE HILL MORTGAGE LOAN TRUST                           | Spruce Hill Mortgage Loan Trust 2020-SH1                                         | CUSIP: 85209FAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5020000 | PA      | $4785118.72    | 0.03%             | 2050-01-28      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                 | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |       982000 | PA      | $970751.48     | 0.01%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                 | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |       980000 | PA      | $1016802.92    | 0.01%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| BLOCK INC                                                 | Block Inc                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      2325000 | PA      | $2360128.43    | 0.02%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                 | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      3921000 | PA      | $4009206.82    | 0.03%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                               | SREIT Trust 2021-MFP2                                                            | CUSIP: 85236WCE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6670000 | PA      | $6661750.54    | 0.05%             | 2036-11-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                               | SREIT Trust 2021-MFP2                                                            | CUSIP: 85236WCJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       265000 | PA      | $264508.37     | 0.00%             | 2036-11-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                  | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |       354000 | PA      | $363912.62     | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                  | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |       388000 | PA      | $395662.22     | 0.00%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                  | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      3009000 | PA      | $2999236.10    | 0.02%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                  | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      5661000 | PA      | $5459788.47    | 0.04%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                  | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      1330000 | PA      | $1211222.09    | 0.01%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                           | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |      6769000 | PA      | $7227772.29    | 0.05%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| STAR 2025-SFR5 Trust                                      | STAR 2025-SFR5 Trust                                                             | CUSIP: 85520CAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1666667 | PA      | $1667718.00    | 0.01%             | 2042-02-17      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |      6190000 | PA      | $6140893.49    | 0.04%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |        44000 | PA      | $43607.72      | 0.00%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |       213000 | PA      | $224334.58     | 0.00%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |      2917000 | PA      | $2979152.52    | 0.02%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |       494000 | PA      | $513970.94     | 0.00%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                       | Starwood Mortgage Residential Trust 2021-2                                       | CUSIP: 85573HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4542357 | PA      | $4285078.61    | 0.03%             | 2065-05-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                       | Starwood Mortgage Residential Trust 2021-2                                       | CUSIP: 85573HAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1029519 | PA      | $971532.20     | 0.01%             | 2065-05-25      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                       | Starwood Mortgage Residential Trust 2021-2                                       | CUSIP: 85573HAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       500000 | PA      | $459352.15     | 0.00%             | 2065-05-25      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                       | Starwood Mortgage Residential Trust 2021-5                                       | CUSIP: 85573QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         3210 | PA      | $2805.30       | 0.00%             | 2066-09-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds         | Republic of Poland Government International Bonds                                | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      1573000 | PA      | $1620237.19    | 0.01%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                       | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |       366000 | PA      | $371989.96     | 0.00%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| STENA INTERNATIONAL SA                                    | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |      7550000 | PA      | $7707689.30    | 0.06%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                                    | Stena International SA                                                           | CUSIP: 85858EAE3<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |      4615000 | PA      | $4727578.31    | 0.03%             | 2031-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| STILLWATER MINING CO                                      | Stillwater Mining Co                                                             | CUSIP: 86074QAQ5<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |       541000 | PA      | $504482.50     | 0.00%             | 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        |       732000 | PA      | $775259.00     | 0.01%             | 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        |      2396000 | PA      | $2478911.18    | 0.02%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                           | Stream Innovations 2025-1 Issuer Trust                                           | CUSIP: 86324XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1796552 | PA      | $1810258.32    | 0.01%             | 2045-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                        | Subway Funding LLC                                                               | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1100880 | PA      | $1114169.38    | 0.01%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                  | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDW7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |      4000000 | PA      | $4107836.00    | 0.03%             | 2035-06-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                    | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1310000 | PA      | $1351004.31    | 0.01%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                 | Sunoco LP                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      2596000 | PA      | $2698495.27    | 0.02%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                 | Sunoco LP                                                                        | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |       100000 | PA      | $105426.30     | 0.00%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                 | Sunoco LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |       515000 | PA      | $525874.74     | 0.00%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                 | Sunoco LP                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      7342000 | PA      | $7346735.59    | 0.05%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                 | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |       222000 | PA      | $221963.59     | 0.00%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP/FINANCE CORP                                    | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        60000 | PA      | $60091.62      | 0.00%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                    | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1348000 | PA      | $1321773.31    | 0.01%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                       | Suzano Austria GmbH                                                              | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |      1082000 | PA      | $1118755.54    | 0.01%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                       | Suzano Austria GmbH                                                              | CUSIP: 86964WAH5<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |      1095000 | PA      | $1101022.50    | 0.01%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                                     | Sycamore Tree CLO 2023-4 Ltd                                                     | CUSIP: 870923AS8<br>LEI: 5493000NGQSA68NFD567 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3011676.00    | 0.02%             | 2038-10-20      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                                     | Sycamore Tree CLO 2023-3 Ltd                                                     | CUSIP: 87122FAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1003500.00    | 0.01%             | 2037-04-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                                     | Sycamore Tree CLO 2023-3 Ltd                                                     | CUSIP: 87122FAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1006485.60    | 0.01%             | 2037-04-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                                     | Sycamore Tree CLO 2025-6 Ltd                                                     | CUSIP: 87122HAA0<br>LEI: 2138001M3BAXCUCAUG38 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3004645.20    | 0.02%             | 2038-04-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                                     | Sycamore Tree CLO 2024-5 Ltd                                                     | CUSIP: 87122YAA3<br>LEI: 213800TOX9K8OSWW9S26 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000670.80    | 0.01%             | 2036-04-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                       | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      1201000 | PA      | $1273100.39    | 0.01%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Symphony CLO Ltd                                          | Symphony CLO XVI Ltd                                                             | CUSIP: 87165VAX7<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |      1686512 | PA      | $1686776.42    | 0.01%             | 2031-10-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO XIX Ltd                                                             | CUSIP: 87165YAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       482431 | PA      | $482356.30     | 0.00%             | 2031-04-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO XX Ltd                                                              | CUSIP: 87166VAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1005102.40    | 0.01%             | 2032-01-16      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO 30 Ltd                                                              | CUSIP: 87169BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1005989.30    | 0.01%             | 2037-10-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO XXXIII Ltd                                                          | CUSIP: 87169JAL6<br>LEI: 254900K6DKU2R9SF7M98 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1001991.30    | 0.01%             | 2038-01-24      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO 37 Ltd                                                              | CUSIP: 87169VBA2<br>LEI: 54930094HTRXFLXUBV36 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $999996.10     | 0.01%             | 2037-01-20      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO 43 Ltd                                                              | CUSIP: 87170BAA4<br>LEI: 254900QCSPTCYRSY3N68 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2005730.00    | 0.01%             | 2037-04-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO XXVI Ltd                                                            | CUSIP: 87190GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1184726 | PA      | $1184938.50    | 0.01%             | 2033-04-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO 44 Ltd                                                              | CUSIP: 871973AA1<br>LEI: 213800MRCL5WD4V7W689 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1012135.00    | 0.01%             | 2037-07-14      | Floating      | 10.06%                | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                          | Symphony CLO 40 Ltd                                                              | CUSIP: 871989AP4<br>LEI: 25490001HYY3IX1I5Z32 | Long             | ABS-CBDO         | CORP              | BM        |      2000000 | PA      | $2003827.20    | 0.01%             | 2038-01-05      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust                 | TCO Commercial Mortgage Trust 2024-DPM                                           | CUSIP: 87231EAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2500000 | PA      | $2503125.00    | 0.02%             | 2039-12-15      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                                          | TCI-Symphony CLO 2017-1 Ltd                                                      | CUSIP: 87232BAF9<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |       164358 | PA      | $164491.80     | 0.00%             | 2030-07-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| TCW Ltd                                                   | TCW CLO 2019-2 Ltd                                                               | CUSIP: 87242BBG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $751453.05     | 0.01%             | 2038-01-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                              | TICP CLO VI 2016-2 Ltd                                                           | CUSIP: 87246MAS1<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250110.55     | 0.00%             | 2034-01-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                              | TICP CLO VII Ltd                                                                 | CUSIP: 87248TAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001948.90    | 0.01%             | 2033-04-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                              | TICP CLO XI Ltd                                                                  | CUSIP: 87249QAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       400000 | PA      | $401194.60     | 0.00%             | 2037-04-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                          | THPT 2023-THL Mortgage Trust                                                     | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6627467 | PA      | $6713374.86    | 0.05%             | 2034-12-10      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| THE 2023-MIC Trust                                        | 2023-MIC Trust/THE                                                               | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6040000 | PA      | $6531477.22    | 0.05%             | 2038-12-05      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                          | TKC Holdings Inc                                                                 | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2383000 | PA      | $2450617.63    | 0.02%             | 2029-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                          | TKC Holdings Inc                                                                 | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       220000 | PA      | $221840.30     | 0.00%             | 2028-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                     | TRK 2022-INV1 Trust                                                              | CUSIP: 872635AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6944531 | PA      | $6520031.60    | 0.05%             | 2057-02-25      | Variable      | 2.58%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                     | TRK 2022-INV1 Trust                                                              | CUSIP: 872635AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5975000 | PA      | $5291337.51    | 0.04%             | 2057-02-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-Mobile USA Inc                                                                 | CUSIP: 87264ACT0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      5880000 | PA      | $4007424.57    | 0.03%             | 2052-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| T-MOBILE USA INC                                          | T-Mobile USA Inc                                                                 | CUSIP: 87264ADN2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      3550000 | PA      | $3291656.67    | 0.02%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                     | TRK 2022-INV2 Trust                                                              | CUSIP: 87265XAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1360308 | PA      | $1302431.09    | 0.01%             | 2057-06-25      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| TYSN 2023-CRNR Mortgage Trust                             | TYSN 2023-CRNR Mortgage Trust                                                    | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4304000 | PA      | $4534192.55    | 0.03%             | 2033-12-10      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                    | Taco Bell Funding LLC                                                            | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5528000 | PA      | $5500386.53    | 0.04%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                   | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |      5428000 | PA      | $5759829.92    | 0.04%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2785000 | PA      | $2768212.30    | 0.02%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4562000 | PA      | $4527162.29    | 0.03%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       935000 | PA      | $919239.36     | 0.01%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| TALLGRASS NRG PRTNR/FIN                                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       443000 | PA      | $439593.37     | 0.00%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                      | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |      3046000 | PA      | $3076423.45    | 0.02%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                      | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |       598000 | PA      | $597211.12     | 0.00%             | 2030-08-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                  | Team Health Holdings Inc                                                         | CUSIP: 87817AAB3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |      2059000 | PA      | $2221146.25    | 0.02%             | 2028-06-30      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| TEGNA INC                                                 | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |      2783000 | PA      | $2746824.90    | 0.02%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| TELECOM ARGENTINA SA                                      | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |       130416 | PA      | $132424.41     | 0.00%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                    | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |      5793000 | PA      | $6477048.04    | 0.05%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                              | Teleflex Inc                                                                     | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |      1972000 | PA      | $1961860.76    | 0.01%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| TELEFLEX INC                                              | Teleflex Inc                                                                     | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |      3724000 | PA      | $3648708.17    | 0.03%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| TELUS CORP                                                | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |      2278000 | PA      | $2350091.71    | 0.02%             | 2055-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                                | TELUS Corp                                                                       | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |      2184000 | PA      | $2329661.88    | 0.02%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| SOMNIGROUP INTL INC                                       | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |       250000 | PA      | $240763.23     | 0.00%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                       | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |      1437000 | PA      | $1327743.88    | 0.01%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      5675000 | PA      | $5652259.14    | 0.04%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      5513000 | PA      | $5389907.94    | 0.04%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      8171000 | PA      | $8322490.34    | 0.06%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      3490000 | PA      | $3406150.31    | 0.02%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |       114000 | PA      | $118272.72     | 0.00%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| TENNECO INC                                               | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |     11029000 | PA      | $10998909.58   | 0.08%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                     | Tennessee Valley Authority                                                       | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |      6290000 | PA      | $6347953.36    | 0.05%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |      2166000 | PA      | $2125786.48    | 0.02%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |      1062000 | PA      | $1077074.03    | 0.01%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Terrell Independent School District/TX                    | TERRELL TX INDEP SCH DIST                                                        | CUSIP: 881405NY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6160000 | PA      | $6638240.84    | 0.05%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Terwin Mortgage Trust                                     | Terwin Mortgage Trust Series TMTS 2005-10HE                                      | CUSIP: 881561VF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1321629 | PA      | $1231328.47    | 0.01%             | 2036-06-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                   | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      3993000 | PA      | $3925618.13    | 0.03%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                   | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      1108000 | PA      | $1147710.72    | 0.01%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL INDU                                  | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |       982000 | PA      | $982029.46     | 0.01%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| TEVA PHARMACEUTICALS NE                                   | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |       844000 | PA      | $848013.22     | 0.01%             | 2029-05-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                   | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      3877000 | PA      | $4234459.40    | 0.03%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                         | Teva Pharmaceutical Finance Netherlands IV BV                                    | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |       717000 | PA      | $736789.20     | 0.01%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                               | Texas Debt Capital CLO 2023-I Ltd                                                | CUSIP: 88238CAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $5010056.50    | 0.04%             | 2038-07-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                               | Texas Debt Capital CLO 2023-I Ltd                                                | CUSIP: 88238CAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3022476.00    | 0.02%             | 2038-07-20      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                               | Texas Debt Capital CLO 2024-I Ltd                                                | CUSIP: 88240KAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2011711.20    | 0.01%             | 2037-04-22      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| Thayer Park CLO, Ltd.                                     | Thayer Park CLO Ltd                                                              | CUSIP: 883310AL8<br>LEI: 5493000PRLDBEVKBE571 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000354.90    | 0.01%             | 2034-04-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| TIAA CLO Ltd                                              | TIAA CLO IV Ltd                                                                  | CUSIP: 88631YAQ0<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |      1240000 | PA      | $1238559.37    | 0.01%             | 2032-01-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                    | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      5552000 | PA      | $5593906.50    | 0.04%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2022-1                                                 | CUSIP: 89170VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       795871 | PA      | $764878.69     | 0.01%             | 2062-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2015-2                                                 | CUSIP: 89171YBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       100000 | PA      | $99554.54      | 0.00%             | 2057-11-25      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2018-2                                                 | CUSIP: 89175VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1500000 | PA      | $1463117.85    | 0.01%             | 2058-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2022-3                                                 | CUSIP: 89180NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1988044 | PA      | $1899664.58    | 0.01%             | 2062-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2024-CES4                                              | CUSIP: 89182QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3686753 | PA      | $3687117.27    | 0.03%             | 2064-09-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2024-CES4                                              | CUSIP: 89182QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2995016.40    | 0.02%             | 2064-09-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2025-CRM1                                              | CUSIP: 891946AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5103029 | PA      | $5153338.73    | 0.04%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2024-CES6                                              | CUSIP: 891947AA1<br>LEI: 25490024AP9UCHO22G82 | Long             | ABS-MBS          | CORP              | US        |      9602753 | PA      | $9678299.88    | 0.07%             | 2064-11-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      3008000 | PA      | $2958663.08    | 0.02%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |       138000 | PA      | $136729.43     | 0.00%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      3938000 | PA      | $4015684.93    | 0.03%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      2829000 | PA      | $2937104.58    | 0.02%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      4829000 | PA      | $5037931.51    | 0.04%             | 2031-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     12464000 | PA      | $12888760.66   | 0.09%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      2885000 | PA      | $2930822.46    | 0.02%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      3539000 | PA      | $3607415.95    | 0.03%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                  | Transocean International Ltd                                                     | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      1560000 | PA      | $1606564.74    | 0.01%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                  | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      5296714 | PA      | $5443014.77    | 0.04%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                       | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      2167000 | PA      | $2109709.72    | 0.02%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                       | Travel + Leisure Co                                                              | CUSIP: 894164AC6<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |       286000 | PA      | $289119.12     | 0.00%             | 2033-09-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | Trestles CLO IX Ltd                                                              | CUSIP: 894932AC6<br>LEI: 254900TP9ZGKPKCMHR24 | Long             | ABS-CBDO         | CORP              | KY        |      6000000 | PA      | $6000000.00    | 0.04%             | 2039-01-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | Trestles CLO VI Ltd                                                              | CUSIP: 894940AQ8<br>LEI: 254900837GHK5VH7YU15 | Long             | ABS-CBDO         | CORP              | KY        |      5670000 | PA      | $5670555.09    | 0.04%             | 2038-04-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | TRESTLES CLO 2017-1 Ltd                                                          | CUSIP: 89531FBG1<br>LEI: 254900QSBDX181YYBH38 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501844.00     | 0.00%             | 2037-07-25      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | TRESTLES CLO II LTD                                                              | CUSIP: 89531MAJ1<br>LEI: 6354005OLPZ8XONXGL10 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $752250.00     | 0.01%             | 2037-07-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | TRESTLES CLO III LTD                                                             | CUSIP: 89532RAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1006900.40    | 0.01%             | 2037-10-20      | Floating      | 9.98%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | Trestles Clo IV Ltd                                                              | CUSIP: 89532WAA7<br>LEI: 254900EO5I6CR0IOWS98 | Long             | ABS-CBDO         | CORP              | KY        |      3530000 | PA      | $3530092.49    | 0.03%             | 2034-07-21      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | Trestles CLO VII Ltd                                                             | CUSIP: 89532XAC1<br>LEI: 254900F81BZ53L0B6092 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1002806.30    | 0.01%             | 2037-10-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                          | Trestles CLO VIII Ltd                                                            | CUSIP: 89533DAC4<br>LEI: 2549002BMO2L1UMJWE02 | Long             | ABS-CBDO         | CORP              | KY        |      4250000 | PA      | $4256140.83    | 0.03%             | 2035-06-11      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                         | Trimaran CAVU 2024-1 Ltd                                                         | CUSIP: 895971AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4011030.40    | 0.03%             | 2038-01-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XXXIII Ltd                                                          | CUSIP: 895981AA6<br>LEI: 254900BD1TVMJI9ACK12 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2003354.00    | 0.01%             | 2038-07-22      | Floating      | 10.27%                | No            |                  2 | On Loan: No      |
| Tricon Residential                                        | Tricon Residential 2024-SFR1 Trust                                               | CUSIP: 89616UAB8<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |      1818182 | PA      | $1812629.27    | 0.01%             | 2041-04-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                        | Tricon Residential 2024-SFR3 Trust                                               | CUSIP: 89616YAA2<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |      1369950 | PA      | $1362417.95    | 0.01%             | 2041-08-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                         | Trimaran CAVU 2022-1 Ltd                                                         | CUSIP: 89623VAL5<br>LEI: 549300UZ4DECMUVOVS09 | Long             | ABS-CBDO         | CORP              | KY        |      4000000 | PA      | $4009688.40    | 0.03%             | 2037-10-22      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Trimaran Advisors CAVU 2019-2                             | Trimaran CAVU 2019-2 Ltd                                                         | CUSIP: 89624JAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3002560.50    | 0.02%             | 2038-03-18      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                         | Trimaran Cavu 2021-2 Ltd                                                         | CUSIP: 89624UAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1751726.73    | 0.01%             | 2034-10-25      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                         | Trimaran CAVU 2022-2 Ltd                                                         | CUSIP: 89625BAN3<br>LEI: 549300JHXVOIVLAKRV03 | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2002533.80    | 0.01%             | 2038-03-27      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                         | Trimaran CAVU 2024-1 Ltd                                                         | CUSIP: 89625LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3750000 | PA      | $3784948.88    | 0.03%             | 2038-01-25      | Floating      | 10.11%                | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                         | Trinidad & Tobago Government International Bond                                  | CUSIP: 896292AM1<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |       927000 | PA      | $915876.00     | 0.01%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas Clo VII Ltd                                                             | CUSIP: 89641CAU5<br>LEI: 549300F3XEPDOX3FOP69 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $2997165.30    | 0.02%             | 2035-01-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XIV Ltd                                                             | CUSIP: 89641QAY6<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |      2405000 | PA      | $2404072.63    | 0.02%             | 2034-01-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XIV Ltd                                                             | CUSIP: 89641QBC3<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |      1245000 | PA      | $1242755.27    | 0.01%             | 2034-01-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XVI Ltd                                                             | CUSIP: 89642DAQ1<br>LEI: 5493004FCKEPFTK2QI86 | Long             | ABS-CBDO         | CORP              | KY        |      3430000 | PA      | $3430067.57    | 0.02%             | 2034-07-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XXXII Ltd                                                           | CUSIP: 89642NAA4<br>LEI: 254900KN2E57M5580B74 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3007102.80    | 0.02%             | 2038-07-23      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XXXII Ltd                                                           | CUSIP: 89642QAA7<br>LEI: 254900KN2E57M5580B74 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $747725.93     | 0.01%             | 2038-07-23      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XXIII Ltd                                                           | CUSIP: 89642TAL7<br>LEI: 635400HEV45BA22Y6W50 | Long             | ABS-CBDO         | CORP              | BM        |      3000000 | PA      | $3007575.00    | 0.02%             | 2038-10-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XXIX Ltd                                                            | CUSIP: 89643BAL5<br>LEI: 2549000HOL90CNMWDO78 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1005787.80    | 0.01%             | 2037-07-23      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO XXX Ltd                                                             | CUSIP: 89643EAA3<br>LEI: 254900TSX6348DURD845 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1538324.55    | 0.01%             | 2037-10-23      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                     | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     11890000 | PA      | $12404925.34   | 0.09%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                     | TRK 2021-INV1 Trust                                                              | CUSIP: 89688WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2228191 | PA      | $2025867.49    | 0.01%             | 2056-07-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                     | TRK 2021-INV1 Trust                                                              | CUSIP: 89688WAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       255000 | PA      | $212248.74     | 0.00%             | 2056-07-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                | Tronox Inc                                                                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |     18533000 | PA      | $11393684.94   | 0.08%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| Truist Bank Auto Credit-Linked Notes                      | Truist Bank Auto Credit-Linked Notes Series 2025-1                               | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5166103 | PA      | $5162357.53    | 0.04%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                  | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |       480000 | PA      | $503188.80     | 0.00%             | 2032-01-24      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                  | Turk Telekomunikasyon AS                                                         | CUSIP: 90011QAE0<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |       372000 | PA      | $375675.36     | 0.00%             | 2032-10-07      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                    | Turkiye Government International Bonds                                           | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |      1269000 | PA      | $1477991.61    | 0.01%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                    | Turkiye Government International Bonds                                           | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |       981000 | PA      | $1112718.87    | 0.01%             | 2030-07-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                    | Turkiye Government International Bonds                                           | CUSIP: 900123DP2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |       887000 | PA      | $921593.00     | 0.01%             | 2032-02-12      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                       | Turkiye Government International Bond                                            | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |       566000 | PA      | $573075.00     | 0.00%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                                | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |      1619000 | PA      | $1555100.30    | 0.01%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                            | 280 Park Avenue 2017-280P Mortgage Trust                                         | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2941000 | PA      | $2917104.38    | 0.02%             | 2034-09-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                             | UBS Commercial Mortgage Trust 2017-C4                                            | CUSIP: 90276RBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       565000 | PA      | $545187.15     | 0.00%             | 2050-10-15      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                             | UBS Commercial Mortgage Trust                                                    | CUSIP: 90278MBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1200500 | PA      | $1053195.05    | 0.01%             | 2052-10-15      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                   | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |      4884000 | PA      | $5027384.47    | 0.04%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                              | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      1876000 | PA      | $1840968.14    | 0.01%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                              | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      4805000 | PA      | $4955531.04    | 0.04%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                        | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |     11434000 | PA      | $10892714.44   | 0.08%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SUNRISE HOLDCO IV BV                                      | Sunrise HoldCo IV BV                                                             | CUSIP: 90320LAG2<br>LEI: 213800G1DU7LKI6ZCD69 | Long             | DBT              | CORP              | NL        |       582000 | PA      | $579418.95     | 0.00%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| UWM HOLDINGS LLC                                          | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       236000 | PA      | $240433.26     | 0.00%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                          | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4912000 | PA      | $4903163.31    | 0.04%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                            | CUSIP: 91087BAU4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      1111000 | PA      | $1137497.35    | 0.01%             | 2028-02-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                            | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |       200000 | PA      | $198600.00     | 0.00%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                            | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |       322000 | PA      | $321678.00     | 0.00%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                            | CUSIP: 91087BBB5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |       857000 | PA      | $902421.00     | 0.01%             | 2030-05-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                            | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      8740000 | PA      | $9810650.00    | 0.07%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                     | Mexico Government International Bond                                             | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |       398000 | PA      | $420487.00     | 0.00%             | 2038-01-29      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                     | Mexico Government International Bond                                             | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |       680000 | PA      | $680680.00     | 0.00%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                   | United Rentals North America Inc                                                 | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      1028000 | PA      | $975962.64     | 0.01%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                   | United Rentals North America Inc                                                 | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |       250000 | PA      | $250220.46     | 0.00%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                   | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      2686000 | PA      | $2579533.68    | 0.02%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                   | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      3684000 | PA      | $3427342.72    | 0.02%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                   | United Rentals North America Inc                                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      1586000 | PA      | $1654970.46    | 0.01%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Inflation-Indexed Bonds                                            | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     25958860 | PA      | $25648712.30   | 0.19%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Inflation-Indexed Notes                                            | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     26258868 | PA      | $26474544.52   | 0.19%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                  | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      6446000 | PA      | $6348304.42    | 0.05%             | 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        |      3141000 | PA      | $3146352.26    | 0.02%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                   | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              |  | US        |      7405000 | PA      | $7237547.77    | 0.05%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                  | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      2801000 | PA      | $2810425.37    | 0.02%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                  | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |       336000 | PA      | $345893.18     | 0.00%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                  | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      7704000 | PA      | $7879689.72    | 0.06%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                  | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      3747000 | PA      | $3955231.02    | 0.03%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| Upgrade Master Pass-Thru Trust                            | Upgrade Master Pass-Thru Trust Series 2025-ST4                                   | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1743121 | PA      | $1747427.08    | 0.01%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                            | Upgrade Master Pass-Thru Trust Series 2025-ST6                                   | CUSIP: 91533QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2342000 | PA      | $2339428.25    | 0.02%             | 2032-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                            | Upgrade Master Pass-Thru Trust Series 2025-ST7                                   | CUSIP: 91533RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5015000 | PA      | $5012771.84    | 0.04%             | 2032-11-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                            | Upgrade Master Pass-Thru Trust Series 2025-ST7                                   | CUSIP: 91533RAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1826000 | PA      | $1822811.80    | 0.01%             | 2032-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                            | Upgrade Master Pass-Thru Trust Series 2025-ST5                                   | CUSIP: 91535BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       517000 | PA      | $517552.10     | 0.00%             | 2032-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 Issuer Trust                               | UPX HIL 2025-1 Issuer Trust                                                      | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5384497 | PA      | $5399448.84    | 0.04%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                  | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1032000 | PA      | $1065890.88    | 0.01%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| USA COM PART/USA COM FIN                                  | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       542000 | PA      | $544080.74     | 0.00%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)                                  | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |       504901 | PA      | $484705.40     | 0.00%             | 2027-02-11      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                      | Republic of Uzbekistan International Bond                                        | CUSIP: 91822QVX2<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |       421000 | PA      | $453018.27     | 0.00%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | VCC 2025-MC1 Trust                                                               | CUSIP: 91825JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1172006 | PA      | $1165696.82    | 0.01%             | 2055-05-25      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                   | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      6188000 | PA      | $5621899.55    | 0.04%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                          | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |      1530000 | PA      | $1549629.90    | 0.01%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                               | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2992000 | PA      | $3120377.74    | 0.02%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| VALE OVERSEAS LIMITED                                     | Vale Overseas Ltd                                                                | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |       425000 | PA      | $442637.50     | 0.00%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Valley Stream Park CLO, Ltd                               | Valley Stream Park CLO LTD                                                       | CUSIP: 92013AAX7<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-CBDO         | CORP              | JE        |      5840000 | PA      | $5837080.00    | 0.04%             | 2037-01-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                         | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |       582000 | PA      | $609819.60     | 0.00%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                         | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAK7<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |       200000 | PA      | $212250.00     | 0.00%             | 2031-12-03      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                         | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |       292000 | PA      | $296015.00     | 0.00%             | 2033-04-24      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                               | VEGAS Trust 2024-TI                                                              | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4850000 | PA      | $4908817.89    | 0.04%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                               | VEGAS 2024-GCS                                                                   | CUSIP: 92254BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5390000 | PA      | $5333074.59    | 0.04%             | 2036-07-10      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2022-3                                    | CUSIP: 92257BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4421613 | PA      | $4373819.02    | 0.03%             | 2052-06-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2021-4                                    | CUSIP: 92258DAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       364043 | PA      | $299986.13     | 0.00%             | 2051-12-26      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2022-1                                    | CUSIP: 92258XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       221289 | PA      | $189709.18     | 0.00%             | 2052-02-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2022-4                                    | CUSIP: 92259KAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1037040 | PA      | $1006512.60    | 0.01%             | 2052-08-25      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2020-1                                    | CUSIP: 92259LAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1071670 | PA      | $996730.06     | 0.01%             | 2050-02-25      | Variable      | 2.61%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-2                                    | CUSIP: 92259PAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       710698 | PA      | $720047.65     | 0.01%             | 2054-04-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-2                                    | CUSIP: 92259QAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1687486 | PA      | $1699800.87    | 0.01%             | 2054-06-25      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2021-1                                    | CUSIP: 92259TAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1523135 | PA      | $1139810.77    | 0.01%             | 2051-05-25      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2023-1                                    | CUSIP: 92259VAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4035059 | PA      | $3862291.92    | 0.03%             | 2053-01-25      | Variable      | 9.64%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-5                                    | CUSIP: 92261AAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       393527 | PA      | $394248.76     | 0.00%             | 2054-10-25      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-5                                    | CUSIP: 92261AAM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       259415 | PA      | $261766.02     | 0.00%             | 2054-10-25      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-5                                    | CUSIP: 92261ABA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2701383 | PA      | $2713642.63    | 0.02%             | 2054-10-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-6                                    | CUSIP: 92261BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6166584 | PA      | $6213043.26    | 0.05%             | 2054-12-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-6                                    | CUSIP: 92261BAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       207289 | PA      | $208018.06     | 0.00%             | 2054-12-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-6                                    | CUSIP: 92261BAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2973461 | PA      | $3003986.65    | 0.02%             | 2054-12-25      | Variable      | 9.67%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2024-6                                    | CUSIP: 92261BAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2479537 | PA      | $2347123.81    | 0.02%             | 2054-12-25      | Variable      | 10.28%                | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-4                                    | CUSIP: 92262JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1872169 | PA      | $1866735.22    | 0.01%             | 2055-09-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-4                                    | CUSIP: 92262JAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1089262 | PA      | $1085268.54    | 0.01%             | 2055-09-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-4                                    | CUSIP: 92262JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       996370 | PA      | $992643.09     | 0.01%             | 2055-09-25      | Variable      | 9.35%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-3                                    | CUSIP: 92262RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12562040 | PA      | $12709211.45   | 0.09%             | 2055-06-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-P2                                   | CUSIP: 92262XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2971819 | PA      | $2971688.83    | 0.02%             | 2055-10-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-P2                                   | CUSIP: 92262XAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       249529 | PA      | $249450.52     | 0.00%             | 2055-10-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-P2                                   | CUSIP: 92262XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       278751 | PA      | $278676.21     | 0.00%             | 2055-10-25      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-P2                                   | CUSIP: 92262XAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       487814 | PA      | $487661.51     | 0.00%             | 2055-10-25      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-P2                                   | CUSIP: 92262XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       289995 | PA      | $289959.62     | 0.00%             | 2055-10-25      | Variable      | 9.45%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-P2                                   | CUSIP: 92262XAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       105643 | PA      | $96680.29      | 0.00%             | 2055-10-25      | Variable      | 10.21%                | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-1                                    | CUSIP: 922955AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2032133 | PA      | $2055630.96    | 0.01%             | 2055-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-1                                    | CUSIP: 922955AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1997443 | PA      | $2019843.67    | 0.01%             | 2055-02-25      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-1                                    | CUSIP: 922955AK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       900847 | PA      | $914192.63     | 0.01%             | 2055-02-25      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                    | Velocity Commercial Capital Loan Trust 2025-1                                    | CUSIP: 922955AN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       311879 | PA      | $316188.16     | 0.00%             | 2055-02-25      | Variable      | 10.15%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                     | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      5621000 | PA      | $6181408.08    | 0.04%             | 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        |      1562000 | PA      | $1762581.11    | 0.01%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                     | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |       912000 | PA      | $955277.14     | 0.01%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                     | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      3656000 | PA      | $3872109.82    | 0.03%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                  | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      3113000 | PA      | $2948921.55    | 0.02%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL CALCASIEU                                  | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      2832000 | PA      | $2618278.31    | 0.02%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                  | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      2188000 | PA      | $2232092.58    | 0.02%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      1832000 | PA      | $1887189.00    | 0.01%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      7935000 | PA      | $8146356.66    | 0.06%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      1904000 | PA      | $2049204.75    | 0.01%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     11933000 | PA      | $12746257.82   | 0.09%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      2474000 | PA      | $2503638.52    | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Verizon Master Trust                                      | Verizon Master Trust                                                             | CUSIP: 92348KCH4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |       345000 | PA      | $352890.43     | 0.00%             | 2031-12-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-9                                                | CUSIP: 92490EAL7<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |      1250000 | PA      | $1249537.25    | 0.01%             | 2070-10-27      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-9                                                | CUSIP: 92490EAM5<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |       700000 | PA      | $696089.94     | 0.01%             | 2070-10-27      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2022-5                                                | CUSIP: 924921AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2585340 | PA      | $2383989.79    | 0.02%             | 2067-04-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-7                                                | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |      6296223 | PA      | $6297900.16    | 0.05%             | 2069-09-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-R1                                               | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |      6560050 | PA      | $6573422.59    | 0.05%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-3                                                | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |      8641906 | PA      | $8725487.64    | 0.06%             | 2070-05-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-8                                                | CUSIP: 924930AJ9<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-MBS          | CORP              | US        |      1338462 | PA      | $1346782.55    | 0.01%             | 2070-09-25      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-8                                                | CUSIP: 924930AK6<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-MBS          | CORP              | US        |      1966667 | PA      | $1974994.85    | 0.01%             | 2070-09-25      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-7                                                | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |      6008178 | PA      | $6019498.13    | 0.04%             | 2070-08-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-7                                                | CUSIP: 924931AJ7<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |      1850000 | PA      | $1844474.61    | 0.01%             | 2070-08-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-7                                                | CUSIP: 924931AK4<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |      1414000 | PA      | $1407660.19    | 0.01%             | 2070-08-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                   | Versant Media Group Inc                                                          | CUSIP: 925283AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2542000 | PA      | $2591129.62    | 0.02%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                  | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |      4385000 | PA      | $4379945.41    | 0.03%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2021-R1                                               | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1113621 | PA      | $1072741.01    | 0.01%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2022-3                                                | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1825188 | PA      | $1762019.31    | 0.01%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2022-3                                                | CUSIP: 92538UAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1334000 | PA      | $1069808.64    | 0.01%             | 2067-02-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-1                                                | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       413329 | PA      | $412701.60     | 0.00%             | 2067-12-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-INV1                                             | CUSIP: 92539FAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2147874 | PA      | $2147230.95    | 0.02%             | 2068-02-25      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-INV1                                             | CUSIP: 92539FAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4000000 | PA      | $3980636.00    | 0.03%             | 2068-02-25      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-3                                                | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3776141 | PA      | $3780000.22    | 0.03%             | 2068-03-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-3                                                | CUSIP: 92539GAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1152000 | PA      | $1154225.55    | 0.01%             | 2068-03-25      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2021-3                                                | CUSIP: 92539LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       712000 | PA      | $550138.19     | 0.00%             | 2066-06-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-4                                                | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |      2041293 | PA      | $2045772.15    | 0.01%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-2                                                | CUSIP: 92539UAA8<br>LEI: 213800KSJFZ5H8FZ7C61 | Long             | ABS-MBS          | CORP              | US        |       260015 | PA      | $262335.63     | 0.00%             | 2069-02-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-INV3                                             | CUSIP: 92540CAD9<br>LEI: 9845008F97BFO762AF95 | Long             | ABS-MBS          | CORP              | US        |      1500000 | PA      | $1532359.95    | 0.01%             | 2068-11-25      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-1                                                | CUSIP: 92540EAA1<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |      5012368 | PA      | $5042651.44    | 0.04%             | 2069-01-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-INV1                                             | CUSIP: 92540FAA8<br>LEI: 9845000FE754F4AE7E70 | Long             | ABS-MBS          | CORP              | US        |      1909521 | PA      | $1929604.64    | 0.01%             | 2069-03-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-INV1                                             | CUSIP: 92540FAE0<br>LEI: 9845000FE754F4AE7E70 | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1015980.20    | 0.01%             | 2069-03-25      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-4                                                | CUSIP: 92540GAE8<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-MBS          | CORP              | US        |      1765000 | PA      | $1789402.71    | 0.01%             | 2069-06-25      | Variable      | 7.64%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-3                                                | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |      2390201 | PA      | $2419247.55    | 0.02%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-3                                                | CUSIP: 92540MAE5<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |       680000 | PA      | $694701.33     | 0.01%             | 2069-04-25      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-3                                                | CUSIP: 92540MAF2<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |      1240000 | PA      | $1249385.19    | 0.01%             | 2069-04-25      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-INV2                                             | CUSIP: 92540NAA1<br>LEI: 2138002Y4WGHSN8NFF24 | Long             | ABS-MBS          | CORP              | US        |      1731374 | PA      | $1737009.50    | 0.01%             | 2069-08-26      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-8                                                | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-MBS          | CORP              | US        |      4325356 | PA      | $4342202.74    | 0.03%             | 2069-10-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-4                                                | CUSIP: 92540UAH0<br>LEI: 2138009ZO3B2B5MAHZ49 | Long             | ABS-MBS          | CORP              | US        |       500000 | PA      | $496876.60     | 0.00%             | 2070-05-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-5                                                | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |     12567444 | PA      | $12645427.44   | 0.09%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-6                                                | CUSIP: 92540YAA7<br>LEI: 213800KZO2G8SSFFDH61 | Long             | ABS-MBS          | CORP              | US        |     14543832 | PA      | $14637930.45   | 0.11%             | 2070-07-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2025-R1                                               | CUSIP: 92541AAE0<br>LEI: 213800UBQ9UM61L7TB84 | Long             | ABS-MBS          | CORP              | US        |       583500 | PA      | $578065.69     | 0.00%             | 2065-05-25      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |      4596000 | PA      | $4592320.40    | 0.03%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| PARAMOUNT GLOBAL                                          | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      6351000 | PA      | $6223980.00    | 0.05%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                          | Paramount Global                                                                 | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      5293000 | PA      | $5213820.95    | 0.04%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| VIKING CRUISES LTD                                        | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      1411000 | PA      | $1418980.38    | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                        | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      1356000 | PA      | $1452749.24    | 0.01%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      1147000 | PA      | $1125930.30    | 0.01%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      3577000 | PA      | $3324413.01    | 0.02%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                                  | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |      2892000 | PA      | $2833854.89    | 0.02%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                               | Visio 2020-1R Trust                                                              | CUSIP: 92837MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        55819 | PA      | $53917.14      | 0.00%             | 2055-11-25      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                          | Vista Point Securitization Trust 2024-CES1                                       | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1447537 | PA      | $1462935.87    | 0.01%             | 2054-05-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                   | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      1745000 | PA      | $1685323.79    | 0.01%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| VISTAJET MALTA/VM HOLDS                                   | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       900000 | PA      | $913290.71     | 0.01%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                  | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      2157000 | PA      | $2157701.03    | 0.02%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                  | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      3168000 | PA      | $3110582.41    | 0.02%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                  | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      4649000 | PA      | $4933676.87    | 0.04%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                  | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      1790000 | PA      | $1880110.39    | 0.01%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                   | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      1160000 | PA      | $1206410.59    | 0.01%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| VISTA OIL & GAS ARGENTIN                                  | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |       449000 | PA      | $463165.95     | 0.00%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                          | Vista Point Securitization Trust 2024-CES3                                       | CUSIP: 92841WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6771912 | PA      | $6797743.01    | 0.05%             | 2055-01-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                          | Vista Point Securitization Trust 2024-CES3                                       | CUSIP: 92841WAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1011087.80    | 0.01%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                          | Vista Point Securitization Trust Series 2024-CES2                                | CUSIP: 92841YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5985953 | PA      | $5972738.46    | 0.04%             | 2054-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                          | Vista Point Securitization Trust 2025-CES3                                       | CUSIP: 92842MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11856447 | PA      | $11856327.25   | 0.09%             | 2055-11-25      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                        | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      3656000 | PA      | $3857734.42    | 0.03%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                        | Vodafone Group PLC                                                               | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      3520000 | PA      | $3304527.42    | 0.02%             | 2081-06-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      5999000 | PA      | $5477073.80    | 0.04%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      5518000 | PA      | $5106886.38    | 0.04%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                                    | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      1263000 | PA      | $1266103.01    | 0.01%             | 2033-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                  | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |       453000 | PA      | $460202.70     | 0.00%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                             | VoltaGrid LLC                                                                    | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |      6473000 | PA      | $6583376.88    | 0.05%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VTR Commercial Mortgage Trust                             | VTR Commercial Mortgage Trust 2025-STEM                                          | CUSIP: 92890YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11426000 | PA      | $11468950.33   | 0.08%             | 2039-10-13      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| VTR Commercial Mortgage Trust                             | VTR Commercial Mortgage Trust 2025-STEM                                          | CUSIP: 92890YAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3904000 | PA      | $3917933.38    | 0.03%             | 2039-10-13      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2015-3 Ltd                                                              | CUSIP: 92913UBJ4<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |      1902717 | PA      | $1884635.30    | 0.01%             | 2031-10-20      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya 2012-4 Ltd                                                                  | CUSIP: 92916GBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |        16128 | PA      | $16144.70      | 0.00%             | 2030-10-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2013-2 Ltd                                                              | CUSIP: 92916WAA7<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |        91467 | PA      | $91464.78      | 0.00%             | 2031-04-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2018-1 Ltd                                                              | CUSIP: 92917AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       219086 | PA      | $219073.79     | 0.00%             | 2031-04-19      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2018-1 Ltd                                                              | CUSIP: 92917AAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1050000 | PA      | $1048933.10    | 0.01%             | 2031-04-19      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2018-2 Ltd                                                              | CUSIP: 92917JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |        59004 | PA      | $59011.36      | 0.00%             | 2031-07-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2019-2 Ltd                                                              | CUSIP: 92917RAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2766834 | PA      | $2768810.90    | 0.02%             | 2032-07-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2019-3 Ltd                                                              | CUSIP: 92918FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250001.15     | 0.00%             | 2032-10-17      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                              | Voya CLO 2020-2 Ltd                                                              | CUSIP: 92918HAT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001997.00    | 0.01%             | 2038-01-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                        | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |      5612000 | PA      | $5883525.40    | 0.04%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                      | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |      1979000 | PA      | $1961123.30    | 0.01%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                      | WR Grace Holdings LLC                                                            | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |      2986000 | PA      | $2884087.82    | 0.02%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                           | WHARF Commercial Mortgage Trust 2025-DC                                          | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3947000 | PA      | $4054343.01    | 0.03%             | 2040-07-15      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                           | WHARF Commercial Mortgage Trust 2025-DC                                          | CUSIP: 92987LAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2897000 | PA      | $2968001.41    | 0.02%             | 2040-07-15      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     18483000 | PA      | $1011948.85    | 0.01%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LUXCO3 SHARES                                             | LUXCO3 SHARES                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |        20180 | NS      | $334113.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS                                      | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    285594684 | NS      | $285737480.93  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lebanon Government International Bonds                    | Lebanon Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       441000 | PA      | $100327.50     | 0.00%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EQUATE PETROCHEMICAL CO                                   | EQUATE Petrochemical Co KSC                                                      | CUSIP: 000000000<br>LEI: 635400J73BDO4TTGXD45 | Long             | DBT              | CORP              | KW        |       500000 | PA      | $498906.25     | 0.00%             | 2026-11-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                   | WaMu Mortgage Pass-Through Certificates Series 2006-AR11 Trust                   | CUSIP: 93363TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        35534 | PA      | $29776.86      | 0.00%             | 2046-09-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                   | Warwick Capital CLO 6 Ltd                                                        | CUSIP: 93656EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1620000 | PA      | $1624814.32    | 0.01%             | 2038-07-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                   | Warwick Capital CLO 5 Ltd                                                        | CUSIP: 93656FAA6<br>LEI: 254900WYTOTUQQSCN403 | Long             | ABS-CBDO         | CORP              | KY        |       500000 | PA      | $501392.45     | 0.00%             | 2038-01-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                   | Warwick Capital CLO 1 Ltd                                                        | CUSIP: 936919AN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2002935.00    | 0.01%             | 2038-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                   | Warwick Capital CLO 1 Ltd                                                        | CUSIP: 936919AU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |      2000000 | PA      | $2004987.20    | 0.01%             | 2038-10-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Median B V                                                | Median B V 2021 EUR Term Loan B1                                                 | CUSIP: 000000000<br>LEI: 724500RPUQI0L3Z5NX16 | Long             | LON              | CORP              | NL        |      2000000 | PA      | $2297024.09    | 0.02%             | 2027-10-14      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Circet Europe                                             | Circet Europe 2021 EUR Term Loan B                                               | CUSIP: 000000000<br>LEI: 969500GH3D3KICWW8M40 | Long             | LON              | CORP              | FR        |            0 | PA      | $0.00          | 0.00%             | 2028-10-13      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Verisure Holding AB                                       | Verisure Holding AB 2021 EUR Term Loan                                           | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | LON              | CORP              | SE        |      1250000 | PA      | $1440063.35    | 0.01%             | 2028-03-27      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Spa Holdings 3 Oy                                         | Spa Holdings 3 Oy EUR Term Loan B                                                | CUSIP: 000000000<br>LEI: 743700UEY0YM039XN974 | Long             | LON              | CORP              | FI        |      3000000 | PA      | $3466110.94    | 0.03%             | 2028-02-04      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIT4 NV                                                  | UNIT4 NV 2021 EUR Term Loan B                                                    | CUSIP: 000000000<br>LEI: 259400UFTFGBNQWX0O86 | Long             | LON              | CORP              | NL        |      2500000 | PA      | $2886120.48    | 0.02%             | 2028-06-29      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                              | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      3200000 | PA      | $3285482.63    | 0.02%             | 2055-03-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through CTFS              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2007-OA3 Trust | CUSIP: 939355AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       243333 | PA      | $214577.19     | 0.00%             | 2047-04-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Care Bidco SAS                                            | Care Bidco SAS EUR Term Loan B                                                   | CUSIP: 000000000<br>LEI: 969500PBV3M3GSI8NZ84 | Long             | LON              | CORP              | FR        |      1000000 | PA      | $1161294.93    | 0.01%             | 2028-11-06      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                               | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |      4078000 | PA      | $4216937.46    | 0.03%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                               | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |       300000 | PA      | $316464.60     | 0.00%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| CeramTec AcquiCo GmbH                                     | CeramTec AcquiCo GmbH 2022 EUR Term Loan B                                       | CUSIP: 000000000<br>LEI: 9845001D9F4A861EIB39 | Long             | LON              | CORP              | DE        |      2000000 | PA      | $2298245.90    | 0.02%             | 2029-03-16      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Rainbow Finco Sa rl                                       | Rainbow Finco Sa rl EUR Term Loan B                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2315973.66    | 0.02%             | 2029-02-23      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                  | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |      3433000 | PA      | $3500956.41    | 0.03%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| WEEKLEY HOMES LLC/ FINAN                                  | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        30000 | PA      | $29299.71      | 0.00%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Wehle Park CLO Ltd.                                       | Wehle Park CLO Ltd                                                               | CUSIP: 94860LAU9<br>LEI: 549300H0MQXDP83CAD27 | Long             | ABS-CBDO         | CORP              | JE        |      3000000 | PA      | $2993365.50    | 0.02%             | 2038-10-21      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Silae                                                     | Silae 2023 EUR Term Loan B                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2314590.47    | 0.02%             | 2031-01-11      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                                         | Wellfleet CLO 2022-1 Ltd                                                         | CUSIP: 94950TAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2000000 | PA      | $2004911.20    | 0.01%             | 2037-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                                 | Wellington Management Clo 4 Ltd                                                  | CUSIP: 94957LAA7<br>LEI: 213800VJVBC3KZIDZU56 | Long             | ABS-CBDO         | CORP              | KY        |      3500000 | PA      | $3498168.80    | 0.03%             | 2038-04-18      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust              | Wells Fargo Mortgage Backed Securities 2018-1                                    | CUSIP: 94989UAA9<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |       165513 | PA      | $152688.94     | 0.00%             | 2047-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2015-C31                                   | CUSIP: 94989WAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       450000 | PA      | $448566.71     | 0.00%             | 2048-11-15      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2016-C32                                   | CUSIP: 94989YBE2<br>LEI: 549300VOKB4Z9J8DIM89 | Long             | ABS-MBS          | CORP              | US        |       205000 | PA      | $200980.79     | 0.00%             | 2059-01-15      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2018-AUS                                   | CUSIP: 94990EAA2<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |       210000 | PA      | $206172.25     | 0.00%             | 2036-08-17      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2016-C33                                   | CUSIP: 95000LBB8<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |       850000 | PA      | $844892.27     | 0.01%             | 2059-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2016-C37                                   | CUSIP: 95000PAG9<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |       440000 | PA      | $434449.88     | 0.00%             | 2049-12-15      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2018-C46                                   | CUSIP: 95001QAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       660000 | PA      | $651928.40     | 0.00%             | 2051-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2019-C50                                   | CUSIP: 95001XBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       870000 | PA      | $840468.63     | 0.01%             | 2052-05-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2025-1918                                  | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3085000 | PA      | $3099952.69    | 0.02%             | 2040-09-15      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                    | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      2211000 | PA      | $2284336.66    | 0.02%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                                    | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      1159000 | PA      | $1211386.80    | 0.01%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                    | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |       166000 | PA      | $173408.25     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Albea Beauty Holdings SA                                  | Albea Beauty Holdings SA 2023 EUR Term Loan B                                    | CUSIP: 000000000<br>LEI: 2221000LVW3T1WSQUG17 | Long             | LON              | CORP              | LU        |      2000000 | PA      | $2275999.75    | 0.02%             | 2027-12-31      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Ammeraal Beltech Holding BV                               | Ammeraal Beltech Holding BV 2023 EUR Term Loan B                                 | CUSIP: 000000000<br>LEI: 724500HW03Y0R2FX0U51 | Long             | LON              | CORP              | NL        |      2768626 | PA      | $2875322.43    | 0.02%             | 2028-12-30      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Westways Funding Ltd                                      | WEST Trust 2025-ROSE                                                             | CUSIP: 955909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4126000 | PA      | $4189518.94    | 0.03%             | 2035-04-10      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                       | BlackRock Cash Funds: Institutional, SL Agency Shares                            | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    337850931 | NS      | $338019856.74  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                                            | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |      1263000 | PA      | $1250593.11    | 0.01%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| WHIRLPOOL CORP                                            | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |      3350000 | PA      | $3268382.61    | 0.02%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Whitebox CLO Ltd                                          | Whitebox Clo II Ltd                                                              | CUSIP: 96466CAW8<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |      1750000 | PA      | $1754680.38    | 0.01%             | 2037-10-24      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                          | Whitebox Clo II Ltd                                                              | CUSIP: 96466CBA5<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $250060.93     | 0.00%             | 2037-10-24      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                          | Whitebox Clo I Ltd                                                               | CUSIP: 96467FAU4<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |      4435000 | PA      | $4438581.71    | 0.03%             | 2036-07-24      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                          | Whitebox Clo I Ltd                                                               | CUSIP: 96467FBE9<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |      1960000 | PA      | $1959869.07    | 0.01%             | 2036-07-24      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                          | Whitebox CLO III Ltd                                                             | CUSIP: 96467HAU0<br>LEI: 549300JXCQSPB1A61C68 | Long             | ABS-CBDO         | CORP              | KY        |       750000 | PA      | $753682.58     | 0.01%             | 2035-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                          | Whitebox CLO III Ltd                                                             | CUSIP: 96467JAE2<br>LEI: 549300JXCQSPB1A61C68 | Long             | ABS-CBDO         | CORP              | KY        |      1500000 | PA      | $1472795.85    | 0.01%             | 2035-10-15      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                          | Whitebox Clo V Ltd                                                               | CUSIP: 96467PAE8<br>LEI: 254900XFXCOZ882U2O02 | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1001849.20    | 0.01%             | 2038-07-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Wildwood Park CLO LTD                                     | Wildwood Park CLO Ltd                                                            | CUSIP: 968209AA4<br>LEI: 254900BZ1VFIEIOEK304 | Long             | ABS-CBDO         | CORP              | JE        |      3000000 | PA      | $3008131.50    | 0.02%             | 2037-10-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Wildwood Park CLO LTD                                     | Wildwood Park CLO Ltd                                                            | CUSIP: 96820DAA5<br>LEI: 254900BZ1VFIEIOEK304 | Long             | ABS-CBDO         | CORP              | JE        |      1000000 | PA      | $1006384.70    | 0.01%             | 2037-10-20      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                     | Williams Scotsman Inc                                                            | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |        59000 | PA      | $61749.45      | 0.00%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| WILLIAMS SCOTSMAN INC                                     | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |      3918000 | PA      | $4033859.18    | 0.03%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                     | Williams Scotsman Inc                                                            | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |      1866000 | PA      | $1841540.85    | 0.01%             | 2028-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                                  | Windsor Holdings III LLC 2025 EUR Term Loan B                                    | CUSIP: 97360BAJ4<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |       400000 | PA      | $458242.95     | 0.00%             | 2030-08-01      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2014-1                                              | CUSIP: 97652PAA9<br>LEI: 5493002CYMIHYUBDIR84 | Long             | ABS-MBS          | CORP              | US        |       384938 | PA      | $371905.18     | 0.00%             | 2044-06-20      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2014-2                                              | CUSIP: 97652QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        96555 | PA      | $93416.63      | 0.00%             | 2044-09-20      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2014-3                                              | CUSIP: 97652RAC1<br>LEI: 549300JBTXISBC85OS04 | Long             | ABS-MBS          | CORP              | US        |       296050 | PA      | $281348.52     | 0.00%             | 2044-11-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2014-3                                              | CUSIP: 97652RBD8<br>LEI: 549300JBTXISBC85OS04 | Long             | ABS-MBS          | CORP              | US        |       250000 | PA      | $183909.23     | 0.00%             | 2044-11-20      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2015-1                                              | CUSIP: 97652TAK9<br>LEI: 5493006H0W2XGUBIBK91 | Long             | ABS-MBS          | CORP              | US        |       129821 | PA      | $121797.75     | 0.00%             | 2045-01-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2015-2                                              | CUSIP: 97652UAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       148111 | PA      | $137135.20     | 0.00%             | 2045-02-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2015-2                                              | CUSIP: 97652UAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       370279 | PA      | $342838.00     | 0.00%             | 2045-02-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                              | WinWater Mortgage Loan Trust 2015-5                                              | CUSIP: 97654DCD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       449517 | PA      | $286305.05     | 0.00%             | 2045-08-20      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| Wireless PropCo Funding LLC                               | Wireless PropCo Funding LLC                                                      | CUSIP: 97655EAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9225000 | PA      | $9432969.32    | 0.07%             | 2055-06-25      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES            | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |       100000 | NS      | $100000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WULF COMPUTE LLC                                          | WULF Compute LLC                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3085000 | PA      | $3204929.19    | 0.02%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| TRAVEL + LEISURE CO                                       | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      3125000 | PA      | $3148512.50    | 0.02%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                  | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       597000 | PA      | $596832.80     | 0.00%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| WYNN RESORTS FINANCE LLC                                  | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2745000 | PA      | $2947781.39    | 0.02%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| WYNN RESORTS FINANCE LLC                                  | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1171000 | PA      | $1189761.76    | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                            | Wynn Macau Ltd                                                                   | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      3432000 | PA      | $3430284.00    | 0.02%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                            | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      3962000 | PA      | $3956057.00    | 0.03%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| WYNN MACAU LTD                                            | Wynn Macau Ltd                                                                   | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      2688000 | PA      | $2709692.16    | 0.02%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                   | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |       280000 | PA      | $294448.00     | 0.00%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| XPO INC                                                   | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |       423000 | PA      | $441660.79     | 0.00%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                    | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |        11000 | PA      | $11509.05      | 0.00%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                    | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      5491000 | PA      | $5761256.04    | 0.04%             | 2033-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| XEROX CORPORATION                                         | Xerox Corp                                                                       | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |      1956000 | PA      | $1999929.80    | 0.01%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| XEROX CORPORATION                                         | Xerox Corp                                                                       | CUSIP: 984121CT8<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |      6034000 | PA      | $5835608.11    | 0.04%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: —       |
| YUM! BRANDS INC                                           | Yum! Brands Inc                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      2492000 | PA      | $2485767.01    | 0.02%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                           | Yum! Brands Inc                                                                  | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      1680000 | PA      | $1577284.80    | 0.01%             | 2031-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                             | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |      5561000 | PA      | $5413478.90    | 0.04%             | 2030-04-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                             | ZF North America Capital Inc                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |       298000 | PA      | $283671.83     | 0.00%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                             | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |      2403000 | PA      | $2193315.13    | 0.02%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                             | ZF North America Capital Inc                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |      5012000 | PA      | $4819490.93    | 0.04%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                  | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |      1721000 | PA      | $1624364.99    | 0.01%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    734437871 | PA      | $40538026.37   | 0.29%             | 2031-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                      | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  11949000000 | PA      | $804743.24     | 0.01%             | 2032-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                      | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 271847000000 | PA      | $16837917.11   | 0.12%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    121059400 | PA      | $5613980.21    | 0.04%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                      | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  64735000000 | PA      | $4026036.26    | 0.03%             | 2033-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                         | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       349000 | PA      | $79397.50      | 0.00%             | 2023-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    375821609 | PA      | $20411174.52   | 0.15%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    752032422 | PA      | $43764569.63   | 0.32%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      4600000 | PA      | $6005249.54    | 0.04%             | 2029-01-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                          | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      2800000 | PA      | $2983444.80    | 0.02%             | 2030-04-30      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government International Bond                           | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |       711000 | PA      | $824762.82     | 0.01%             | 2026-07-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  98802400000 | PA      | $22347786.58   | 0.16%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                         | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       971000 | PA      | $220902.50     | 0.00%             | 2025-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                                   | Ethiopia International Bond                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |       997000 | PA      | $1046850.00    | 0.01%             | 2024-12-11      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                  | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    349117000 | PA      | $62464887.48   | 0.45%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                         | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       303000 | PA      | $68932.50      | 0.00%             | 2024-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                      | Qatar Government International Bonds                                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |      1269000 | PA      | $1260422.07    | 0.01%             | 2026-06-02      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                      | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       952000 | PA      | $972829.76     | 0.01%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GATEGROUP FINANCE LUX SA                                  | gategroup Finance Luxembourg SA                                                  | CUSIP: 000000000<br>LEI: 529900Q1OR7LI4GOGW68 | Long             | DBT              | CORP              | LU        |      8170000 | PA      | $10003248.20   | 0.07%             | 2027-02-28      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                         | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       522000 | PA      | $118755.00     | 0.00%             | 2032-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                 | CUSIP: 000000000<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      2973000 | PA      | $3381270.61    | 0.02%             | 2027-05-24      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                      | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      6391000 | PA      | $8222607.29    | 0.06%             | 2027-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                    | Volkswagen International Finance NV                                              | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      5000000 | PA      | $5768586.66    | 0.04%             | 2027-06-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BELDEN INC                                                | Belden Inc                                                                       | CUSIP: 000000000<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | DBT              | CORP              | US        |       100000 | PA      | $115136.13     | 0.00%             | 2027-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |       527000 | PA      | $467712.50     | 0.00%             | 2047-11-28      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                  | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      1307000 | PA      | $224624.96     | 0.00%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                       | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |       846000 | PA      | $947782.26     | 0.01%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |       952000 | PA      | $947716.00     | 0.01%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| BELDEN INC                                                | Belden Inc                                                                       | CUSIP: 000000000<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | DBT              | CORP              | US        |       100000 | PA      | $115256.20     | 0.00%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                       | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      1308000 | PA      | $1268324.25    | 0.01%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                                     | MAF Global Securities Ltd                                                        | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |       400000 | PA      | $399925.84     | 0.00%             | 2026-03-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |       100000 | PA      | $118171.80     | 0.00%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                    | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      3938000 | PA      | $4413447.25    | 0.03%             | 2030-04-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                      | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |       887000 | PA      | $897537.56     | 0.01%             | 2030-04-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITYCON TREASURY BV                                       | Citycon Treasury BV                                                              | CUSIP: 000000000<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |       297000 | PA      | $337250.25     | 0.00%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN FINANCIAL SER                                  | Volkswagen Financial Services AG                                                 | CUSIP: 000000000<br>LEI: 529900SSGT49ZZSWYE62 | Long             | DBT              | CORP              | DE        |      4091000 | PA      | $4708782.61    | 0.03%             | 2026-10-16      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                       | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     19092000 | PA      | $4654837.48    | 0.03%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      1057000 | PA      | $1064156.59    | 0.01%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                         | Tunisian Republic                                                                | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |      2566000 | PA      | $2952790.27    | 0.02%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                  | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      4853000 | PA      | $5425896.39    | 0.04%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ORIGIN ENERGY FINANCE                                     | Origin Energy Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493002W5C9Z753C7Q57 | Long             | DBT              | CORP              | AU        |      5554000 | PA      | $5926736.21    | 0.04%             | 2029-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      1500000 | PA      | $1808249.11    | 0.01%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |       917000 | PA      | $1061472.27    | 0.01%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                      | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |      4400000 | PA      | $4584755.97    | 0.03%             | 2029-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                      | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |     10900000 | PA      | $12075166.81   | 0.09%             | 2027-10-23      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                  | Ziggo BV                                                                         | CUSIP: 000000000<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |      4953000 | PA      | $5418517.86    | 0.04%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 000000000<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |      3000000 | PA      | $3102438.32    | 0.02%             | 2031-11-05      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                            | Eli Lilly & Co                                                                   | CUSIP: 000000000<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     12050000 | PA      | $9266744.67    | 0.07%             | 2049-11-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                      | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      3193000 | PA      | $3918044.26    | 0.03%             | 2029-09-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MOBICO GROUP PLC                                          | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |      1854000 | PA      | $2147966.50    | 0.02%             | 2028-11-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.              | Fidelity National Information Services, Inc.                                     | CUSIP: 31620MBM7<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |            0 | PA      | $0.00          | 0.00%             | 2028-12-03      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                       | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |      5000000 | PA      | $4305541.71    | 0.03%             | 2028-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                                      | Heimstaden Bostad AB                                                             | CUSIP: 000000000<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |       400000 | PA      | $459476.30     | 0.00%             | 2026-01-21      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  97748700000 | PA      | $23559643.65   | 0.17%             | 2027-11-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                      | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       977000 | PA      | $992632.00     | 0.01%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                    | Banque Federative du Credit Mutuel SA                                            | CUSIP: 000000000<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |     15200000 | PA      | $16198093.08   | 0.12%             | 2030-06-03      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VENDOR FIN                                   | Virgin Media Vendor Financing Notes III DAC                                      | CUSIP: 000000000<br>LEI: 635400SSKC2QCGEPIQ43 | Long             | DBT              | CORP              | IE        |      6587000 | PA      | $8420214.50    | 0.06%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                  | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      7714000 | PA      | $8622051.36    | 0.06%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| UPL CORP LTD                                              | UPL Corp Ltd                                                                     | CUSIP: 000000000<br>LEI: 213800AQLATW4WEEH674 | Long             | DBT              | CORP              | MU        |      3000000 | PA      | $2792812.50    | 0.02%             | 2030-06-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                   | Nationwide Building Society                                                      | CUSIP: 000000000<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |      1985000 | PA      | $2604434.20    | 0.02%             | 2027-06-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                           | Ocado Group PLC                                                                  | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |      7000000 | PA      | $8529203.65    | 0.06%             | 2027-01-18      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      3300000 | PA      | $3917912.19    | 0.03%             | 2030-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                    | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |       909000 | PA      | $1049450.21    | 0.01%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANKINTER SA                                              | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |      2600000 | PA      | $3010058.49    | 0.02%             | 2026-01-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      1200000 | PA      | $1195500.00    | 0.01%             | 2026-07-29      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                 | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |       360000 | PA      | $414690.58     | 0.00%             | 2028-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                       | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |       486760 | PA      | $442853.66     | 0.00%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                    | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      2375000 | PA      | $2160772.15    | 0.02%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                    | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |       822691 | PA      | $629206.75     | 0.00%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ELECT GLOBAL INV LTD                                      | Elect Global Investments Ltd                                                     | CUSIP: 000000000<br>LEI: 254900MGJD77N8VPNK65 | Long             | DBT              | CORP              | VG        |      1067000 | PA      | $805585.00     | 0.01%             | 2025-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                       | Intesa Sanpaolo SpA                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |      2758000 | PA      | $3270484.84    | 0.02%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD TRESRY                                  | Heimstaden Bostad Treasury BV                                                    | CUSIP: 000000000<br>LEI: 549300ORG6UYMJBCV938 | Long             | DBT              | CORP              | NL        |       961000 | PA      | $1088409.69    | 0.01%             | 2027-03-03      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT INT'L BONDS                                    | Emirate of Dubai Government International Bonds                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |       622000 | PA      | $475543.88     | 0.00%             | 2050-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     12200000 | PA      | $13491391.36   | 0.10%             | 2030-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                    | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |       460000 | PA      | $449880.00     | 0.00%             | 2032-09-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      6856000 | PA      | $8549065.39    | 0.06%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL SWITCH FINANCE                                     | Global Switch Finance BV                                                         | CUSIP: 000000000<br>LEI: 635400GVJAKOJNEUMF33 | Long             | DBT              | CORP              | NL        |      5269000 | PA      | $5736935.84    | 0.04%             | 2030-10-07      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                              | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      5400000 | PA      | $6451236.22    | 0.05%             | 2027-10-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                             | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |      4400000 | PA      | $5055268.86    | 0.04%             | 2028-10-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                                      | Heimstaden Bostad AB                                                             | CUSIP: 000000000<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |      2000000 | PA      | $2295602.69    | 0.02%             | 2026-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      6670000 | PA      | $7350775.05    | 0.05%             | 2028-11-05      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| MOBICO GROUP PLC                                          | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |      5600000 | PA      | $3852763.79    | 0.03%             | 2025-11-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GRAND CITY PROPERTIES SA                                  | Grand City Properties SA                                                         | CUSIP: 000000000<br>LEI: 5299002QLUYKK2WBMB18 | Long             | DBT              | CORP              | LU        |     15000000 | PA      | $16938468.77   | 0.12%             | 2026-03-09      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                        | Morocco Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |       352000 | PA      | $337260.00     | 0.00%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                          | Societe Generale SA                                                              | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |      3900000 | PA      | $4243815.56    | 0.03%             | 2029-06-12      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN SA                                             | Aroundtown SA                                                                    | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | DBT              | CORP              | LU        |      1000000 | PA      | $1115173.76    | 0.01%             | 2026-04-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| SK BATTERY AMERICA INC                                    | SK Battery America Inc                                                           | CUSIP: 000000000<br>LEI: 54930012FBFVNU7RWO57 | Long             | DBT              | CORP              | US        |       649000 | PA      | $643230.39     | 0.00%             | 2026-01-26      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| KLEOPATRA FINCO SARL                                      | Kleopatra Finco Sarl                                                             | CUSIP: 000000000<br>LEI: 222100M6T1N8VIC8M726 | Long             | DBT              | CORP              | LU        |      3533000 | PA      | $1608563.50    | 0.01%             | 2026-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORSTED A/S                                                | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |      9918000 | PA      | $9739381.69    | 0.07%             | 2099-12-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEXI SPA                                                  | Nexi SpA                                                                         | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |      8700000 | PA      | $9238243.14    | 0.07%             | 2028-02-24      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| ARDAGH METAL PACKAGING                                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      1199000 | PA      | $1326391.95    | 0.01%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      3745000 | PA      | $4030088.94    | 0.03%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITYCON TREASURY BV                                       | Citycon Treasury BV                                                              | CUSIP: 000000000<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |      2140000 | PA      | $2329186.64    | 0.02%             | 2028-03-12      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                   | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |       325000 | PA      | $319068.75     | 0.00%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                 | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |            0 | PA      | $0.00          | 0.00%             | 2029-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Last Mile Securities                                      | Last Mile Securities PE 2021 DAC                                                 | CUSIP: 000000000<br>LEI: 635400UJZKP57EXKMQ33 | Long             | ABS-MBS          | CORP              | IE        |       914812 | PA      | $1054977.58    | 0.01%             | 2031-08-17      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                   | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      1121000 | PA      | $1104185.00    | 0.01%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       707000 | PA      | $541418.94     | 0.00%             | 2041-04-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                          | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3173000 | PA      | $3492677.00    | 0.03%             | 2028-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PETRON CORP                                               | Petron Corp                                                                      | CUSIP: 000000000<br>LEI: 549300R3PFXOFQSZ7G25 | Long             | DBT              | CORP              | PH        |      5594000 | PA      | $5585329.30    | 0.04%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                         | Rakuten Group Inc                                                                | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |       853000 | PA      | $961657.27     | 0.01%             | 2027-04-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PCF GMBH                                                  | PCF GmbH                                                                         | CUSIP: 000000000<br>LEI: 5299001ZMR76CCHGY076 | Long             | DBT              | CORP              | DE        |      2957030 | PA      | $2196787.67    | 0.02%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                   | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      9072000 | PA      | $11588136.65   | 0.08%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                                | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |       200000 | PA      | $221999.85     | 0.00%             | 2028-05-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CEDACRI SPA                                               | Cedacri SpA                                                                      | CUSIP: 000000000<br>LEI: 815600E85FCD78B3EE61 | Long             | DBT              | CORP              | IT        |      7927000 | PA      | $9165891.74    | 0.07%             | 2028-05-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp                                                             | CUSIP: 000000000<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      2950000 | PA      | $3288628.36    | 0.02%             | 2028-08-24      | Fixed         | 0.58%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                  | Encore Capital Group Inc                                                         | CUSIP: 000000000<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |      3548000 | PA      | $4425091.07    | 0.03%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      2400000 | PA      | $2690727.85    | 0.02%             | 2027-12-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| CITYCON OYJ                                               | Citycon Oyj                                                                      | CUSIP: 000000000<br>LEI: 549300P8N0P6KDGTJ206 | Long             | DBT              | CORP              | FI        |      1515000 | PA      | $1591968.75    | 0.01%             | 2026-06-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM                                  | Indofood CBP Sukses Makmur Tbk PT                                                | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |      2048000 | PA      | $1789440.00    | 0.01%             | 2051-06-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUCE FINCO                                               | Deuce Finco PLC                                                                  | CUSIP: 000000000<br>LEI: 9845007DA2BC863E8437 | Long             | DBT              | CORP              | GB        |     11049000 | PA      | $14474710.51   | 0.11%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                  | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |       463000 | PA      | $389545.05     | 0.00%             | 2051-06-23      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                            | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |      3600000 | PA      | $4117920.71    | 0.03%             | 2027-10-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| POSTE ITALIANE SPA                                        | Poste Italiane SpA                                                               | CUSIP: 000000000<br>LEI: 815600354DEDBD0BA991 | Long             | DBT              | CORP              | IT        |      4555000 | PA      | $5059524.35    | 0.04%             | 2029-03-24      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      2854000 | PA      | $3393084.30    | 0.02%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                      | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      5500000 | PA      | $6273453.55    | 0.05%             | 2026-10-02      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      2322000 | PA      | $2615528.14    | 0.02%             | 2029-07-06      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro Finance DAC                  | Last Mile Logistics Pan Euro Finance DAC                                         | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |      1871418 | PA      | $2151798.74    | 0.02%             | 2033-08-17      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| ACEN FINANCE LTD                                          | ACEN Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: 54930080P6CVPPSROL50 | Long             | DBT              | CORP              | KY        |      1198000 | PA      | $790680.00     | 0.01%             | 2026-03-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EDP SA                                                    | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |      3100000 | PA      | $3345039.73    | 0.02%             | 2082-03-14      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                    | Power Finance Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |       204000 | PA      | $226097.10     | 0.00%             | 2028-09-21      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                               | Southern Co/The                                                                  | CUSIP: 000000000<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     14627000 | PA      | $16331557.05   | 0.12%             | 2081-09-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                        | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |      9500000 | PA      | $10284809.93   | 0.07%             | 2029-09-21      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                                     | Bank Negara Indonesia Persero Tbk PT                                             | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |      4500000 | PA      | $4389412.50    | 0.03%             | 2027-03-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      1923000 | PA      | $1890309.00    | 0.01%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                  | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      1421000 | PA      | $1545435.60    | 0.01%             | 2029-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                   | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |      1745000 | PA      | $1904125.93    | 0.01%             | 2026-10-15      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| EC FINANCE PLC                                            | EC Finance PLC                                                                   | CUSIP: 000000000<br>LEI: 213800NKPB53RHYDQE45 | Long             | DBT              | CORP              | GB        |      8900000 | PA      | $9865775.15    | 0.07%             | 2026-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KAIXO BONDCO TELECOM SA                                   | Kaixo Bondco Telecom SA                                                          | CUSIP: 000000000<br>LEI: 959800ULWB3MZHZ69055 | Long             | DBT              | CORP              | ES        |     11740000 | PA      | $13657460.31   | 0.10%             | 2029-09-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                                      | Heimstaden Bostad AB                                                             | CUSIP: 000000000<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |      3500000 | PA      | $3987044.01    | 0.03%             | 2026-10-13      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fair Oaks Loan Funding                                    | Fair Oaks Loan Funding III DAC                                                   | CUSIP: 000000000<br>LEI: 6354002R5DADYSJADR44 | Long             | ABS-CBDO         | CORP              | IE        |      1160000 | PA      | $1335839.14    | 0.01%             | 2034-10-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                      | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |      4300000 | PA      | $4674882.41    | 0.03%             | 2028-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                         | Iliad Holding SAS                                                                | CUSIP: 000000000<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |       100000 | PA      | $116956.67     | 0.00%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                                  | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       350000 | PA      | $403266.94     | 0.00%             | 2026-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                           | ZF Finance GmbH                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |      4000000 | PA      | $4301018.71    | 0.03%             | 2028-05-03      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Providus CLO                                              | Providus Clo VI DAC                                                              | CUSIP: 000000000<br>LEI: 635400OVFLV2AMKOP534 | Long             | ABS-CBDO         | CORP              | IE        |      1000000 | PA      | $1153759.48    | 0.01%             | 2034-05-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                                      | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |      6027000 | PA      | $7144143.65    | 0.05%             | 2030-05-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LUNE HOLDINGS SARL                                        | Lune Holdings Sarl                                                               | CUSIP: 000000000<br>LEI: 54930003WQ56T0558M33 | Long             | DBT              | CORP              | LU        |      4892000 | PA      | $383834.34     | 0.00%             | 2028-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fidelity Grand Harbour CLO                                | Fidelity Grand Harbour CLO 2021-1 DAC                                            | CUSIP: 000000000<br>LEI: 635400KPYNGCFZ6MDR25 | Long             | ABS-CBDO         | CORP              | IE        |      1000000 | PA      | $1155298.96    | 0.01%             | 2034-10-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                          | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      5800000 | PA      | $6664405.01    | 0.05%             | 2026-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC                                        | Pinewood Finco PLC                                                               | CUSIP: 000000000<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |       713000 | PA      | $910971.14     | 0.01%             | 2027-11-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Tikehau                                                   | Tikehau CLO VI DAC                                                               | CUSIP: 000000000<br>LEI: 54930074V8PMLHROE464 | Long             | ABS-CBDO         | CORP              | IE        |      1000000 | PA      | $1148515.04    | 0.01%             | 2035-01-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Cabinteely Park CLO                                       | Cabinteely Park CLO DAC                                                          | CUSIP: 000000000<br>LEI: 254900SLP85PQ7ZD2Y17 | Long             | ABS-CBDO         | CORP              | IE        |       700000 | PA      | $806838.42     | 0.01%             | 2034-08-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| ODIDO GROUP HOLDING BV                                    | Odido Group Holding BV                                                           | CUSIP: 000000000<br>LEI: 724500FOAL1MNGOJKP07 | Long             | DBT              | CORP              | NL        |      9275000 | PA      | $10754088.42   | 0.08%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOOD SERVICE PROJECT SL                                   | Food Service Project SA                                                          | CUSIP: 000000000<br>LEI: 95980020140005812514 | Long             | DBT              | CORP              | ES        |      8521000 | PA      | $9852021.46    | 0.07%             | 2027-01-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                    | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       930000 | PA      | $837000.00     | 0.01%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                 | Goldman Sachs Group, Inc.                                                        | CUSIP: 000000000<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      4003000 | PA      | $4419689.64    | 0.03%             | 2029-02-07      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FABBRICA ITA SINTETICI                                    | FIS Fabbrica Italiana Sintetici SpA                                              | CUSIP: 000000000<br>LEI: 8156004D7056C63EC525 | Long             | DBT              | CORP              | IT        |      3175000 | PA      | $3672923.44    | 0.03%             | 2027-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Voya Euro CLO                                             | Voya Euro CLO IV DAC                                                             | CUSIP: 000000000<br>LEI: 549300H0DM0Z0GCEKC77 | Long             | ABS-CBDO         | CORP              | IE        |       500000 | PA      | $573014.85     | 0.00%             | 2034-10-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      1306000 | PA      | $1355379.86    | 0.01%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                    | Volkswagen International Finance NV                                              | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      3900000 | PA      | $4393517.32    | 0.03%             | 2031-03-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                  | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |     13000000 | PA      | $15465299.23   | 0.11%             | 2082-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                  | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      3300000 | PA      | $3846159.43    | 0.03%             | 2082-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IMCD NV                                                   | IMCD NV                                                                          | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | DBT              | CORP              | NL        |      9382000 | PA      | $10749209.31   | 0.08%             | 2027-03-31      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                      | CUSIP: 000000000<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |            0 | PA      | $0.00          | 0.00%             | 2029-10-29      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                    | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      1296000 | PA      | $1312200.00    | 0.01%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                          | Duke Energy Corp                                                                 | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      2359000 | PA      | $2747627.50    | 0.02%             | 2028-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                         | Jordan Government International Bond                                             | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |       461000 | PA      | $483473.75     | 0.00%             | 2028-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                    | Hungary Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |       400000 | PA      | $407540.52     | 0.00%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PREEM PETROLEUM AB                                        | Preem AB                                                                         | CUSIP: 000000000<br>LEI: 549300MIHCMD8DCSBY41 | Long             | DBT              | CORP              | SE        |      3436000 | PA      | $4099348.53    | 0.03%             | 2027-06-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                                    | Brazil Letras do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     66815000 | PA      | $12139268.92   | 0.09%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                      | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  97975000000 | PA      | $6218170.43    | 0.05%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NatWest Group PLC                                                                | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      5007000 | PA      | $5935317.84    | 0.04%             | 2028-09-06      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | Lloyds Banking Group PLC                                                         | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |      1300000 | PA      | $1794053.93    | 0.01%             | 2027-09-27      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                      | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 124368000000 | PA      | $7969725.80    | 0.06%             | 2038-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                  | Cooperatieve Rabobank UA                                                         | CUSIP: 000000000<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |      8600000 | PA      | $10170464.56   | 0.07%             | 2028-01-27      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BOUYGUES SA                                               | Bouygues SA                                                                      | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | DBT              | CORP              | FR        |      6700000 | PA      | $8706558.66    | 0.06%             | 2042-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                                       | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |       270000 | PA      | $319723.09     | 0.00%             | 2027-11-30      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      2602000 | PA      | $3103567.45    | 0.02%             | 2027-02-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORSTED A/S                                                | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |      1000000 | PA      | $1178151.76    | 0.01%             | 2099-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    775350100 | PA      | $39380051.82   | 0.29%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                    | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       200000 | PA      | $208090.00     | 0.00%             | 2028-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                      | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      1769000 | PA      | $1792226.97    | 0.01%             | 2028-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                      | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |       657000 | PA      | $601638.16     | 0.00%             | 2053-01-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEREOS FINANCE GROUPE I                                   | Tereos Finance Groupe I SA                                                       | CUSIP: 000000000<br>LEI: 969500183Z46A3QF8W69 | Long             | DBT              | CORP              | FR        |      2559000 | PA      | $3022164.62    | 0.02%             | 2028-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                                | Serbia International Bonds                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |       426000 | PA      | $463564.85     | 0.00%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                                       | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |       375000 | PA      | $446092.93     | 0.00%             | 2028-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                                      | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      1500000 | PA      | $1866698.74    | 0.01%             | 2030-02-03      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Dutch Property Finance                                    | Dutch Property Finance 2023-1 BV                                                 | CUSIP: 000000000<br>LEI: 72450018DWAQNJ1JEW75 | Long             | ABS-MBS          | CORP              | NL        |       877019 | PA      | $1014331.97    | 0.01%             | 2064-04-28      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| BANCO DE SABADELL SA                                      | Banco de Sabadell SA                                                             | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |      8100000 | PA      | $9864386.57    | 0.07%             | 2029-02-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSNET/SOUTH AFRICA                                     | Transnet/South Africa                                                            | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |       701000 | PA      | $740213.94     | 0.01%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BANKINTER SA                                              | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |      4400000 | PA      | $5495235.18    | 0.04%             | 2028-08-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                  | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |      3700000 | PA      | $4593341.20    | 0.03%             | 2030-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                                           | North Macedonia Government International Bond                                    | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |       377000 | PA      | $452339.51     | 0.00%             | 2027-03-13      | Fixed         | 6.96%                 | No            |                  2 | On Loan: No      |
| VF Corp.                                                  | VF Corp.                                                                         | CUSIP: 000000000<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     11000000 | PA      | $12615284.99   | 0.09%             | 2029-03-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      2600000 | PA      | $3709191.56    | 0.03%             | 2028-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                                      | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |      3964000 | PA      | $5482925.79    | 0.04%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                       | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      8855000 | PA      | $2261873.16    | 0.02%             | 2053-03-31      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                   | Saudi Electricity Sukuk Programme Co                                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |       952000 | PA      | $964233.20     | 0.01%             | 2053-04-11      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                     | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |      1526000 | PA      | $1611837.50    | 0.01%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                                          | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |      4594000 | PA      | $5562048.80    | 0.04%             | 2030-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                  | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |     11080800 | PA      | $13442829.71   | 0.10%             | 2030-04-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TVL FINANCE PLC                                           | TVL Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 549300DUQXE7VXG8YA50 | Long             | DBT              | CORP              | JE        |      3418000 | PA      | $4525140.20    | 0.03%             | 2028-04-28      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| VOLKSWAGEN BANK GMBH                                      | Volkswagen Bank GmbH                                                             | CUSIP: 000000000<br>LEI: 529900GJD3OQLRZCKW37 | Long             | DBT              | CORP              | DE        |      2500000 | PA      | $3048965.13    | 0.02%             | 2031-05-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                 | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |       900000 | PA      | $1070224.19    | 0.01%             | 2028-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                  | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |     11223000 | PA      | $13517275.88   | 0.10%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Booking Holdings, Inc.                                    | Booking Holdings, Inc.                                                           | CUSIP: 000000000<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |      3730000 | PA      | $4430535.60    | 0.03%             | 2028-11-12      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                      | American Tower Corp.                                                             | CUSIP: 000000000<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     11400000 | PA      | $14126324.87   | 0.10%             | 2031-05-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ENGINEERING SPA                                           | Engineering - Ingegneria Informatica - SpA                                       | CUSIP: 000000000<br>LEI: 81560042F5E23EE61346 | Long             | DBT              | CORP              | IT        |      4865000 | PA      | $5928680.52    | 0.04%             | 2028-05-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| DANA FINANCING LUX SARL                                   | Dana Financing Luxembourg Sarl                                                   | CUSIP: 000000000<br>LEI: 222100DKCE3D036DQU13 | Long             | DBT              | CORP              | LU        |      2411000 | PA      | $2974878.97    | 0.02%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                      | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |      1200000 | PA      | $1426656.37    | 0.01%             | 2028-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                        | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      2388000 | PA      | $3433356.75    | 0.02%             | 2086-08-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MFB Magyar Fejlesztesi Bank Zrt                           | MFB Magyar Fejlesztesi Bank Zrt                                                  | CUSIP: 000000000<br>LEI: 549300KCFVCFTUJZYT59 | Long             | DBT              | NUSS              | HU        |      1695000 | PA      | $1780817.85    | 0.01%             | 2028-06-29      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                        | MVM Energetika Zrt                                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |      3814000 | PA      | $4041657.66    | 0.03%             | 2028-06-09      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                  | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |      5100000 | PA      | $7212374.72    | 0.05%             | 2083-12-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                  | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |      5000000 | PA      | $6371503.72    | 0.05%             | 2028-06-21      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                          | ABN AMRO Bank NV                                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |      3500000 | PA      | $4291818.25    | 0.03%             | 2033-09-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRATON FINANCE LUX SA                                     | Traton Finance Luxembourg SA                                                     | CUSIP: 000000000<br>LEI: 529900BRKIE6LKIEXD84 | Long             | DBT              | CORP              | LU        |     10800000 | PA      | $12467608.01   | 0.09%             | 2026-01-21      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    628571300 | PA      | $33806535.98   | 0.25%             | 2026-09-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                                  | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2852000 | PA      | $3440691.42    | 0.03%             | 2028-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| HT TROPLAST AG                                            | HT Troplast GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900Y2N2GAY3FXGP86 | Long             | DBT              | CORP              | DE        |      4937000 | PA      | $5910657.46    | 0.04%             | 2028-07-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    360991846 | PA      | $19764976.35   | 0.14%             | 2029-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                            | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    292970000 | PA      | $14058202.33   | 0.10%             | 2032-11-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                              | KBC Group NV                                                                     | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |      2200000 | PA      | $2807468.25    | 0.02%             | 2028-09-05      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                        | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |      5351807 | PA      | $6149574.70    | 0.04%             | 2029-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                        | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |      7308574 | PA      | $8418788.05    | 0.06%             | 2028-08-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                  | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |      6500000 | PA      | $7852239.24    | 0.06%             | 2034-09-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                       | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |      3700000 | PA      | $3575788.75    | 0.03%             | 2028-09-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |       712000 | PA      | $897897.06     | 0.01%             | 2033-09-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                      | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |      5000000 | PA      | $5828993.99    | 0.04%             | 2029-03-13      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BOELS TOPHOLDING BV                                       | Boels Topholding BV                                                              | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |      2297000 | PA      | $2733517.08    | 0.02%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IMCD NV                                                   | IMCD NV                                                                          | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | DBT              | CORP              | NL        |      7193000 | PA      | $8703902.52    | 0.06%             | 2028-09-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                     | Banijay Entertainment SAS                                                        | CUSIP: 000000000<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |      8996000 | PA      | $10744524.38   | 0.08%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MOBICO GROUP PLC                                          | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |      5120000 | PA      | $4521374.95    | 0.03%             | 2031-09-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                  | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      9500000 | PA      | $12101663.60   | 0.09%             | 2083-09-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                  | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      8900000 | PA      | $10983004.97   | 0.08%             | 2083-09-25      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PINNACLE BIDCO PLC                                        | Pinnacle Bidco PLC                                                               | CUSIP: 000000000<br>LEI: 2138006Z5V8OBL2A2Q06 | Long             | DBT              | CORP              | GB        |      8738000 | PA      | $12080390.81   | 0.09%             | 2028-10-11      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                      | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      1507000 | PA      | $1621611.72    | 0.01%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                   | Turkiye Government Bond                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     43748000 | PA      | $938073.88     | 0.01%             | 2033-10-05      | Fixed         | 26.20%                | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                                  | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |      8711000 | PA      | $358037.32     | 0.00%             | 2055-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                            | Var Energi ASA                                                                   | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      7400000 | PA      | $9467362.11    | 0.07%             | 2083-11-15      | Fixed         | 7.86%                 | No            |                  2 | On Loan: No      |
| MAGYAR EXPORT-IMPORT BAN                                  | Magyar Export-Import Bank Zrt                                                    | CUSIP: 000000000<br>LEI: 529900O4UGETQ9Q3AA63 | Long             | DBT              | NUSS              | HU        |      1867000 | PA      | $2319853.48    | 0.02%             | 2029-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                                   | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |      4212000 | PA      | $4493556.43    | 0.03%             | 2029-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                              | ams-OSRAM AG                                                                     | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |      2975000 | PA      | $3658927.86    | 0.03%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                  | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |       252000 | PA      | $268223.76     | 0.00%             | 2028-11-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      6700000 | PA      | $7877837.20    | 0.06%             | 2027-06-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                  | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |      2600000 | PA      | $3162132.23    | 0.02%             | 2029-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                 | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |      6487200 | PA      | $7736531.15    | 0.06%             | 2029-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EPHIOS SUBCO SARL                                         | Ephios Subco 3 Sarl                                                              | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | DBT              | CORP              | LU        |     16961000 | PA      | $20685465.24   | 0.15%             | 2031-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                              | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      2600000 | PA      | $3341532.52    | 0.02%             | 2030-01-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      6500000 | PA      | $7969760.79    | 0.06%             | 2033-01-31      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN LEASING GMBH                                   | Volkswagen Leasing GmbH                                                          | CUSIP: 000000000<br>LEI: 5299004GLEUX88BSNB74 | Long             | DBT              | CORP              | DE        |      8226000 | PA      | $9587867.39    | 0.07%             | 2026-10-11      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                                   | Eni SpA                                                                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |      3045000 | PA      | $3613082.64    | 0.03%             | 2034-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Q-PARK HOLDING I BV                                       | Q-Park Holding I BV                                                              | CUSIP: 000000000<br>LEI: 2549003839B7HE3NDP48 | Long             | DBT              | CORP              | NL        |      1229000 | PA      | $1460597.03    | 0.01%             | 2029-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                                    | Brazil Letras do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    285556000 | PA      | $50196114.29   | 0.36%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ireland Government Bonds                                  | Ireland Government Bonds                                                         | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |     97017723 | PA      | $109512655.09  | 0.80%             | 2034-10-18      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                             | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |      2514000 | PA      | $2844481.85    | 0.02%             | 2030-01-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                          | Societe Generale SA                                                              | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |      6600000 | PA      | $8923110.63    | 0.06%             | 2032-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NESTLE FINANCE INTL LTD                                   | Nestle Finance International Ltd                                                 | CUSIP: 000000000<br>LEI: 0KLLMNHINTFDRMU6DI05 | Long             | DBT              | CORP              | LU        |      5571000 | PA      | $6512705.29    | 0.05%             | 2031-01-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEPA HYGIENEPRODUKTE GMB                                  | WEPA Hygieneprodukte GmbH                                                        | CUSIP: 000000000<br>LEI: 529900KQ44OJDIDU6J81 | Long             | DBT              | CORP              | DE        |      3000000 | PA      | $3615053.84    | 0.03%             | 2031-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| EUROGRID GMBH                                             | Eurogrid GmbH                                                                    | CUSIP: 000000000<br>LEI: 967600Q53854Z2NBCC81 | Long             | DBT              | CORP              | DE        |      9100000 | PA      | $10774907.11   | 0.08%             | 2029-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                    | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      6486000 | PA      | $6672277.92    | 0.05%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                           | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |      2498000 | PA      | $2882918.99    | 0.02%             | 2031-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| KAPLA HOLDING SAS                                         | Kapla Holding SAS                                                                | CUSIP: 000000000<br>LEI: 894500PJ28XTH66K4X83 | Long             | DBT              | CORP              | FR        |      1000000 | PA      | $1158173.07    | 0.01%             | 2030-07-31      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Fidelity Grand Harbour CLO                                | Fidelity Grand Harbour Clo 2023-2 DAC                                            | CUSIP: 000000000<br>LEI: 635400COQCCT8USC2N26 | Long             | ABS-CBDO         | CORP              | IE        |       200000 | PA      | $230567.50     | 0.00%             | 2038-04-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                                       | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |      4991000 | PA      | $5996503.56    | 0.04%             | 2029-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOLDSTORY SASU                                            | Goldstory SAS                                                                    | CUSIP: 000000000<br>LEI: 969500NWR67ONUJD4A26 | Long             | DBT              | CORP              | FR        |      4616000 | PA      | $5376149.22    | 0.04%             | 2030-02-01      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                         | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |      5503000 | PA      | $5928054.40    | 0.04%             | 2029-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOLDSTORY SASU                                            | Goldstory SAS                                                                    | CUSIP: 000000000<br>LEI: 969500NWR67ONUJD4A26 | Long             | DBT              | CORP              | FR        |      8452000 | PA      | $10084650.00   | 0.07%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                              | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      2525000 | PA      | $2729668.90    | 0.02%             | 2030-05-16      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                   | Saudi Electricity Sukuk Programme Co                                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |       400000 | PA      | $407276.00     | 0.00%             | 2029-02-13      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| KRONOS INTERNATIONAL INC                                  | Kronos International Inc                                                         | CUSIP: 000000000<br>LEI: 529900NTVDLUSYY9F493 | Long             | DBT              | CORP              | US        |      8463000 | PA      | $9678278.44    | 0.07%             | 2029-03-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TURKIYE VARLIK FONU                                       | Turkiye Varlik Fonu Yonetimi AS                                                  | CUSIP: 000000000<br>LEI: 789000MAPAG7J8DI3112 | Long             | DBT              | CORP              | TR        |       430000 | PA      | $457305.00     | 0.00%             | 2029-02-14      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Henley CLO                                                | Henley CLO IV DAC                                                                | CUSIP: 000000000<br>LEI: 6354009HFM8XXW6PPK55 | Long             | ABS-CBDO         | CORP              | IE        |      1000000 | PA      | $1154758.02    | 0.01%             | 2034-04-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                        | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |     20295000 | PA      | $24280110.07   | 0.18%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds          | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |       401000 | PA      | $430196.81     | 0.00%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                 | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |      7820000 | PA      | $9297878.65    | 0.07%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORSTED A/S                                                | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |       375000 | PA      | $442151.10     | 0.00%             | 2099-12-31      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                        | MVM Energetika Zrt                                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |       635000 | PA      | $673100.00     | 0.00%             | 2031-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                                      | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      6500000 | PA      | $7991178.75    | 0.06%             | 2032-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                      | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      9030000 | PA      | $11930725.08   | 0.09%             | 2031-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                  | Aston Martin Capital Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |      7662000 | PA      | $8987700.87    | 0.07%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC                                        | Pinewood Finco PLC                                                               | CUSIP: 000000000<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |      8558000 | PA      | $11340297.92   | 0.08%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | Morgan Stanley                                                                   | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      9556000 | PA      | $11404095.32   | 0.08%             | 2035-03-21      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| BANKINTER SA                                              | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |      2000000 | PA      | $2428954.92    | 0.02%             | 2034-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK GREECE SA                                   | National Bank of Greece SA                                                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | DBT              | CORP              | GR        |      3700000 | PA      | $4585122.54    | 0.03%             | 2035-06-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PROGROUP AG                                               | Progroup AG                                                                      | CUSIP: 000000000<br>LEI: 529900YI5W5TQ8F2FP82 | Long             | DBT              | CORP              | DE        |      3232000 | PA      | $3784775.95    | 0.03%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PROGROUP AG                                               | Progroup AG                                                                      | CUSIP: 000000000<br>LEI: 529900YI5W5TQ8F2FP82 | Long             | DBT              | CORP              | DE        |     13217000 | PA      | $15400676.26   | 0.11%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                    | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     86889000 | PA      | $23726837.81   | 0.17%             | 2029-07-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SGL GROUP APS                                             | SGL Group ApS                                                                    | CUSIP: 000000000<br>LEI: 636700YQKGLXCPPUYE74 | Long             | DBT              | CORP              | DK        |     10023000 | PA      | $11373139.23   | 0.08%             | 2030-04-22      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                  | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |      1269000 | PA      | $1532632.41    | 0.01%             | 2054-10-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                                    | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     17017000 | PA      | $19972496.03   | 0.15%             | 2032-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CUMULUS STATIC CLO                                        | Cumulus Static CLO 2024-1 DAC                                                    | CUSIP: 000000000<br>LEI: 2549005ZFHRHIZ9ONM43 | Long             | ABS-CBDO         | CORP              | IE        |       333000 | PA      | $384195.00     | 0.00%             | 2033-11-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN FINANCE SARL                                   | Aroundtown Finance Sarl                                                          | CUSIP: 000000000<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |      5000000 | PA      | $5623122.56    | 0.04%             | 2029-04-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN FINANCE SARL                                   | Aroundtown Finance Sarl                                                          | CUSIP: 000000000<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |     13942000 | PA      | $17164562.48   | 0.12%             | 2030-01-16      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TERNA RETE ELETTRICA                                      | Terna - Rete Elettrica Nazionale                                                 | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | DBT              | CORP              | IT        |      6505000 | PA      | $7793259.42    | 0.06%             | 2030-01-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CD&R FIREFLY BIDCO LTD                                    | CD&R Firefly Bidco PLC                                                           | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |     18249000 | PA      | $25056045.13   | 0.18%             | 2029-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                          | Duke Energy Corp                                                                 | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      6578000 | PA      | $7764825.60    | 0.06%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TUI CRUISES GMBH                                          | TUI Cruises GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SVD83QUUIZYY18 | Long             | DBT              | CORP              | DE        |      1000000 | PA      | $1201619.01    | 0.01%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                    | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     44183000 | PA      | $11768015.83   | 0.09%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                       | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |      6700000 | PA      | $8006577.54    | 0.06%             | 2028-04-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IMA INDUSTRIA MACCHINE                                    | IMA Industria Macchine Automatiche SpA                                           | CUSIP: 000000000<br>LEI: 815600D86992FDA7B908 | Long             | DBT              | CORP              | IT        |      3500000 | PA      | $4061020.39    | 0.03%             | 2029-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| SYNTHOMER PLC                                             | Synthomer PLC                                                                    | CUSIP: 000000000<br>LEI: 213800EHT3TI1KPQQJ56 | Long             | DBT              | CORP              | GB        |      6000000 | PA      | $6018942.10    | 0.04%             | 2029-05-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CARD CO LTD                                       | Hyundai Card Co Ltd                                                              | CUSIP: 000000000<br>LEI: 988400S1WSELQL3GVR75 | Long             | DBT              | CORP              | KR        |      1395000 | PA      | $1449474.75    | 0.01%             | 2029-04-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                  | Puma International Financing SA                                                  | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |      1760000 | PA      | $1811568.00    | 0.01%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BOELS TOPHOLDING BV                                       | Boels Topholding BV                                                              | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |      9030000 | PA      | $10762261.37   | 0.08%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                             | AIB Group PLC                                                                    | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |      3553000 | PA      | $4411609.79    | 0.03%             | 2029-10-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                  | Abu Dhabi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |       952000 | PA      | $985024.88     | 0.01%             | 2029-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                                | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |     10881000 | PA      | $12964677.78   | 0.09%             | 2031-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SISECAM UK PLC                                            | Sisecam UK PLC                                                                   | CUSIP: 000000000<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |       876000 | PA      | $895710.00     | 0.01%             | 2029-05-02      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |      7950000 | PA      | $9632551.48    | 0.07%             | 2030-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                         | Iliad Holding SAS                                                                | CUSIP: 000000000<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |     19470000 | PA      | $24038036.92   | 0.17%             | 2031-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PACHELBEL BIDCO SPA                                       | Pachelbel Bidco SpA                                                              | CUSIP: 000000000<br>LEI: 8156005DA07CDD50CC46 | Long             | DBT              | CORP              | IT        |     15821000 | PA      | $19539263.25   | 0.14%             | 2031-05-17      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                  | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |      7658000 | PA      | $9720978.43    | 0.07%             | 2030-05-14      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| PACHELBEL BIDCO SPA                                       | Pachelbel Bidco SpA                                                              | CUSIP: 000000000<br>LEI: 8156005DA07CDD50CC46 | Long             | DBT              | CORP              | IT        |      4116000 | PA      | $4779351.28    | 0.03%             | 2031-05-17      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN FINANCE SARL                                   | Aroundtown Finance Sarl                                                          | CUSIP: 000000000<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |      2000000 | PA      | $2733287.10    | 0.02%             | 2029-05-07      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Miltonia Mortgage Finance                                 | Miltonia Mortgage Finance Srl                                                    | CUSIP: 000000000<br>LEI: 815600BC278905BA4594 | Long             | ABS-MBS          | CORP              | IT        |       200000 | PA      | $230722.04     | 0.00%             | 2062-04-28      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | Citigroup Inc                                                                    | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     11200000 | PA      | $13295842.89   | 0.10%             | 2032-05-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                             | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |     10844000 | PA      | $12171998.71   | 0.09%             | 2031-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SCF Rahoituspalvelut DAC                                  | SCF Rahoituspalvelut XIII DAC                                                    | CUSIP: 000000000<br>LEI: 875500BJTX1DZ2QIPK23 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $115510.75     | 0.00%             | 2034-06-25      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| SCF Rahoituspalvelut DAC                                  | SCF Rahoituspalvelut XIII DAC                                                    | CUSIP: 000000000<br>LEI: 875500BJTX1DZ2QIPK23 | Long             | ABS-O            | CORP              | IE        |       341691 | PA      | $394243.44     | 0.00%             | 2034-06-25      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| FIBER MIDCO SPA                                           | Fiber Midco Spa                                                                  | CUSIP: 000000000<br>LEI: 8156000AFE5C06C4D309 | Long             | DBT              | CORP              | IT        |       900000 | PA      | $917697.71     | 0.01%             | 2029-06-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SCF Rahoituspalvelut DAC                                  | SCF Rahoituspalvelut XIII DAC                                                    | CUSIP: 000000000<br>LEI: 875500BJTX1DZ2QIPK23 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $116012.50     | 0.00%             | 2034-06-25      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2024-1 DAC                                                          | CUSIP: 000000000<br>LEI: 635400H22JMICKOJRJ36 | Long             | ABS-MBS          | CORP              | IE        |       202000 | PA      | $265369.18     | 0.00%             | 2034-05-17      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                                    | Trident Energy Finance PLC                                                       | CUSIP: 000000000<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |       402000 | PA      | $412492.20     | 0.00%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                  | Turk Telekomunikasyon AS                                                         | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |       400000 | PA      | $414876.00     | 0.00%             | 2029-05-20      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                | US Bancorp                                                                       | CUSIP: 000000000<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     10860000 | PA      | $12546886.97   | 0.09%             | 2028-05-21      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP SPA                                     | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |      1734000 | PA      | $2070837.86    | 0.02%             | 2030-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CENTRICA PLC                                              | Centrica PLC                                                                     | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | DBT              | CORP              | GB        |      5418000 | PA      | $7305885.90    | 0.05%             | 2055-05-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP SPA                                     | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |      1192000 | PA      | $1380171.72    | 0.01%             | 2031-06-01      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Dilosk RMBS                                               | Dilosk Rmbs NO 9 Dac                                                             | CUSIP: 000000000<br>LEI: 635400EER3OFDNYI7P30 | Long             | ABS-MBS          | CORP              | IE        |       513592 | PA      | $592069.66     | 0.00%             | 2063-01-25      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| UNIPOL ASSICURAZIONI SPA                                  | Unipol Assicurazioni SpA                                                         | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | DBT              | CORP              | IT        |      5200000 | PA      | $6313962.05    | 0.05%             | 2034-05-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PCL Funding                                               | PCL Funding IX PLC                                                               | CUSIP: 000000000<br>LEI: 213800OC928ETRJNHM43 | Long             | ABS-O            | CORP              | GB        |      1142000 | PA      | $1504118.63    | 0.01%             | 2029-07-16      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                      | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |      3000000 | PA      | $3561973.65    | 0.03%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arbour CLO                                                | Arbour CLO XI DAC                                                                | CUSIP: 000000000<br>LEI: 635400SLKORJ1CUGHX15 | Long             | ABS-CBDO         | CORP              | IE        |       800000 | PA      | $923397.00     | 0.01%             | 2038-05-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| PCL Funding                                               | PCL Funding IX PLC                                                               | CUSIP: 000000000<br>LEI: 213800OC928ETRJNHM43 | Long             | ABS-O            | CORP              | GB        |       100000 | PA      | $131692.74     | 0.00%             | 2029-07-16      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers Jersey Borrower SPV Limited          | Vantage Data Centers Jersey Borrower Spv Ltd                                     | CUSIP: 000000000<br>LEI: 213800S5S638C9IBQ379 | Long             | ABS-O            | CORP              | JE        |       480000 | PA      | $647673.27     | 0.00%             | 2039-05-28      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital Euro CLO DAC                           | Texas Debt Capital Euro CLO 2024-1 DAC                                           | CUSIP: 000000000<br>LEI: 6354005CUY8PX5XJT459 | Long             | ABS-CBDO         | CORP              | IE        |       828000 | PA      | $956045.06     | 0.01%             | 2038-07-16      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| EDP SA                                                    | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |      4700000 | PA      | $5645830.32    | 0.04%             | 2054-05-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                      | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |       524000 | PA      | $621063.39     | 0.00%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                      | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   5000000000 | PA      | $434526.11     | 0.00%             | 2027-05-29      | Fixed         | 16.63%                | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2024-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400BMBKLDPBSN2U43 | Long             | ABS-MBS          | CORP              | GB        |       100898 | PA      | $133592.01     | 0.00%             | 2061-09-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2024-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400BMBKLDPBSN2U43 | Long             | ABS-MBS          | CORP              | GB        |       505318 | PA      | $665610.08     | 0.00%             | 2061-09-20      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2024-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400BMBKLDPBSN2U43 | Long             | ABS-MBS          | CORP              | GB        |        99899 | PA      | $132277.59     | 0.00%             | 2061-09-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Mila B.V.                                                 | Mila 2024-1 BV                                                                   | CUSIP: 000000000<br>LEI: 7245000GAIRCK7Y7VJ68 | Long             | ABS-O            | CORP              | NL        |        87349 | PA      | $100748.51     | 0.00%             | 2041-09-16      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| Mila B.V.                                                 | Mila 2024-1 BV                                                                   | CUSIP: 000000000<br>LEI: 7245000GAIRCK7Y7VJ68 | Long             | ABS-O            | CORP              | NL        |       353764 | PA      | $408051.83     | 0.00%             | 2041-09-16      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2024-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400TJWGCUUIZAGH30 | Long             | ABS-MBS          | CORP              | GB        |       497696 | PA      | $655939.04     | 0.00%             | 2094-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2024-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400TJWGCUUIZAGH30 | Long             | ABS-MBS          | CORP              | GB        |       157000 | PA      | $207757.30     | 0.00%             | 2094-03-25      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2024-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400TJWGCUUIZAGH30 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $132442.47     | 0.00%             | 2094-03-25      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Bavarian Sky SA                                           | Bavarian Sky UK 6 PLC                                                            | CUSIP: 000000000<br>LEI: 21380063HOVS4EGBR872 | Long             | ABS-O            | CORP              | GB        |       706242 | PA      | $927788.99     | 0.01%             | 2032-06-20      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| VEON MIDCO BV                                             | Veon Midco BV                                                                    | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |       494000 | PA      | $463170.79     | 0.00%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                             | Medtronic Inc                                                                    | CUSIP: 000000000<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |      6700000 | PA      | $7484044.71    | 0.05%             | 2053-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FLINDERS PORT HOLDINGS                                    | Flinders Port Holdings Pty Ltd                                                   | CUSIP: 000000000<br>LEI: 54930004ONWGFT3AYX31 | Long             | DBT              | CORP              | AU        |      1500000 | PA      | $1029835.42    | 0.01%             | 2034-07-10      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Stratton Mortgage Funding PLC                             | Stratton Mortgage Funding 2024-3 PLC                                             | CUSIP: 000000000<br>LEI: 635400HN3D5CAXKQB937 | Long             | ABS-MBS          | CORP              | GB        |       363175 | PA      | $477617.61     | 0.00%             | 2049-06-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| BERTRAND FRANCHISE                                        | Bertrand Franchise Finance SAS                                                   | CUSIP: 000000000<br>LEI: 969500HGPPEHSTNJFW57 | Long             | DBT              | CORP              | FR        |      5000000 | PA      | $5584024.56    | 0.04%             | 2030-07-18      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BERTRAND FRANCHISE                                        | Bertrand Franchise Finance SAS                                                   | CUSIP: 000000000<br>LEI: 969500HGPPEHSTNJFW57 | Long             | DBT              | CORP              | FR        |      2188000 | PA      | $2449875.12    | 0.02%             | 2030-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Stratton Mortgage Funding PLC                             | Stratton Mortgage Funding 2024-3 PLC                                             | CUSIP: 000000000<br>LEI: 635400HN3D5CAXKQB937 | Long             | ABS-MBS          | CORP              | GB        |       179000 | PA      | $235181.40     | 0.00%             | 2049-06-25      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                     | Becton Dickinson & Co                                                            | CUSIP: 000000000<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |      5619000 | PA      | $6677994.38    | 0.05%             | 2032-06-07      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                             | Alpha Bank SA                                                                    | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | DBT              | CORP              | GR        |      3000000 | PA      | $3743423.50    | 0.03%             | 2034-09-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| A2A SPA                                                   | A2A SpA                                                                          | CUSIP: 000000000<br>LEI: 81560076E3944316DB24 | Long             | DBT              | CORP              | IT        |      3805000 | PA      | $4550447.65    | 0.03%             | 2029-06-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                  | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |      1000000 | PA      | $1252995.16    | 0.01%             | 2030-12-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                  | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |      1400000 | PA      | $1722686.15    | 0.01%             | 2033-03-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PHOENIX GRP HLD PLC                                       | Phoenix Group Holdings PLC                                                       | CUSIP: 000000000<br>LEI: 2138001P49OLAEU33T68 | Long             | DBT              | CORP              | GB        |      1520000 | PA      | $1626096.00    | 0.01%             | 2029-12-12      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2024-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       271858 | PA      | $314404.56     | 0.00%             | 2036-12-29      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2024-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       627539 | PA      | $724029.00     | 0.01%             | 2036-12-29      | Floating      | 2.62%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2024-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |        75516 | PA      | $87572.75      | 0.00%             | 2036-12-29      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2024-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |        75516 | PA      | $87945.47      | 0.00%             | 2036-12-29      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR                                  | Motability Operations Group PLC                                                  | CUSIP: 000000000<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |      3990000 | PA      | $4775024.95    | 0.03%             | 2030-01-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                     | Zambia Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      1085578 | PA      | $1042041.10    | 0.01%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                     | Zambia Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |       908935 | PA      | $632098.39     | 0.00%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      4800000 | PA      | $5807016.34    | 0.04%             | 2031-06-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Brignole CO                                               | Brignole Co                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |       527870 | PA      | $609058.04     | 0.00%             | 2042-02-24      | Floating      | 2.69%                 | No            |                  2 | On Loan: No      |
| Brignole CO                                               | Brignole Co                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |        90166 | PA      | $104017.79     | 0.00%             | 2042-02-24      | Floating      | 3.11%                 | No            |                  2 | On Loan: No      |
| Brignole CO                                               | Brignole Co                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |        57067 | PA      | $66564.19      | 0.00%             | 2042-02-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Quarzo Srl                                                | Quarzo Srl                                                                       | CUSIP: 000000000<br>LEI: 815600702F68B2ED0B22 | Long             | ABS-O            | CORP              | IT        |       841837 | PA      | $971412.23     | 0.01%             | 2041-06-15      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Quarzo Srl                                                | Quarzo Srl                                                                       | CUSIP: 000000000<br>LEI: 815600702F68B2ED0B22 | Long             | ABS-O            | CORP              | IT        |       222665 | PA      | $258178.35     | 0.00%             | 2041-06-15      | Floating      | 3.61%                 | No            |                  2 | On Loan: No      |
| Quarzo Srl                                                | Quarzo Srl                                                                       | CUSIP: 000000000<br>LEI: 815600702F68B2ED0B22 | Long             | ABS-O            | CORP              | IT        |        73975 | PA      | $86253.51      | 0.00%             | 2041-06-15      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Penta CLO S.A.                                            | Penta CLO 17 DAC                                                                 | CUSIP: 000000000<br>LEI: 254900P6EQ7DE06DX267 | Long             | ABS-CBDO         | CORP              | IE        |       685000 | PA      | $792327.90     | 0.01%             | 2038-08-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| TREVA Equipment Finance                                   | TREVA Equipment Finance SA - Compartment 2024-1                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       395177 | PA      | $455649.28     | 0.00%             | 2035-01-20      | Floating      | 2.56%                 | No            |                  2 | On Loan: No      |
| TREVA Equipment Finance                                   | TREVA Equipment Finance SA - Compartment 2024-1                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |        79035 | PA      | $90989.10      | 0.00%             | 2035-01-20      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| PRESTIGEBIDCO GMBH                                        | PrestigeBidCo GmbH                                                               | CUSIP: 000000000<br>LEI: 529900CSF1DNOCHMI763 | Long             | DBT              | CORP              | DE        |      1253000 | PA      | $1452035.57    | 0.01%             | 2029-07-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Liberty Funding Pty Limited                               | Liberty Series 2024-1Auto                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |       233209 | PA      | $153090.75     | 0.00%             | 2032-05-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       710000 | PA      | $934733.98     | 0.01%             | 2032-07-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Q-PARK HOLDING I BV                                       | Q-Park Holding I BV                                                              | CUSIP: 000000000<br>LEI: 2549003839B7HE3NDP48 | Long             | DBT              | CORP              | NL        |      3303000 | PA      | $3935208.12    | 0.03%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       142000 | PA      | $187911.05     | 0.00%             | 2032-07-15      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       100000 | PA      | $131944.45     | 0.00%             | 2032-07-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       100000 | PA      | $131694.97     | 0.00%             | 2032-07-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Pony                                                      | Pony SA                                                                          | CUSIP: 000000000<br>LEI: 2221001FWHVHKUW4NQ77 | Long             | ABS-O            | CORP              | LU        |       945116 | PA      | $1089060.97    | 0.01%             | 2033-01-14      | Floating      | 2.44%                 | No            |                  2 | On Loan: No      |
| Pony                                                      | Pony SA                                                                          | CUSIP: 000000000<br>LEI: 2221001FWHVHKUW4NQ77 | Long             | ABS-O            | CORP              | LU        |        94763 | PA      | $108990.64     | 0.00%             | 2033-01-14      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| Pony                                                      | Pony SA                                                                          | CUSIP: 000000000<br>LEI: 2221001FWHVHKUW4NQ77 | Long             | ABS-O            | CORP              | LU        |        94763 | PA      | $109379.60     | 0.00%             | 2033-01-14      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                            | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |      1200000 | PA      | $1568302.12    | 0.01%             | 2031-10-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                             | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |     20000000 | PA      | $24104139.86   | 0.18%             | 2034-10-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LION/POLARIS LUX 4 SA                                     | Lion/Polaris Lux 4 SA                                                            | CUSIP: 000000000<br>LEI: 984500BFD3F99A7UB874 | Long             | DBT              | CORP              | LU        |      6481000 | PA      | $7541824.62    | 0.05%             | 2029-07-01      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Tikehau                                                   | Tikehau CLO XII DAC                                                              | CUSIP: 000000000<br>LEI: 635400XEDWHMLUXZJY76 | Long             | ABS-CBDO         | CORP              | IE        |      1300000 | PA      | $1493676.72    | 0.01%             | 2038-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      7181000 | PA      | $8646576.21    | 0.06%             | 2032-07-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      5975000 | PA      | $7151434.62    | 0.05%             | 2029-01-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |       164031 | PA      | $215630.18     | 0.00%             | 2033-04-21      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |        54677 | PA      | $72485.98      | 0.00%             | 2033-04-21      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |        54677 | PA      | $72239.60      | 0.00%             | 2033-04-21      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |        54677 | PA      | $72014.41      | 0.00%             | 2033-04-21      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |       492093 | PA      | $647720.56     | 0.00%             | 2033-04-21      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                    | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     14462630 | PA      | $3538583.11    | 0.03%             | 2036-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Edenbrook Mortgage Funding Plc                            | Edenbrook Mortgage Funding PLC                                                   | CUSIP: 000000000<br>LEI: 635400URO7UOS6PWLH17 | Long             | ABS-MBS          | CORP              | GB        |       143885 | PA      | $191782.28     | 0.00%             | 2057-03-22      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Edenbrook Mortgage Funding Plc                            | Edenbrook Mortgage Funding PLC                                                   | CUSIP: 000000000<br>LEI: 635400URO7UOS6PWLH17 | Long             | ABS-MBS          | CORP              | GB        |        99231 | PA      | $132589.14     | 0.00%             | 2057-03-22      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Edenbrook Mortgage Funding Plc                            | Edenbrook Mortgage Funding PLC                                                   | CUSIP: 000000000<br>LEI: 635400URO7UOS6PWLH17 | Long             | ABS-O            | CORP              | GB        |       554131 | PA      | $729125.43     | 0.01%             | 2057-03-22      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                  | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |      6027000 | PA      | $7228651.04    | 0.05%             | 2030-02-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DUOMO BIDCO SPA                                           | Duomo Bidco SpA                                                                  | CUSIP: 000000000<br>LEI: 8156008BEDB552B30829 | Long             | DBT              | CORP              | IT        |      2317000 | PA      | $2681122.28    | 0.02%             | 2031-07-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| AMBER FINCO PLC                                           | Amber Finco PLC                                                                  | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |      9600000 | PA      | $11630849.60   | 0.08%             | 2029-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| AB CarVal Euro CLO                                        | AB Carval Euro CLO II-C DAC                                                      | CUSIP: 000000000<br>LEI: 6354004BYSUDKD9P4215 | Long             | ABS-CBDO         | CORP              | IE        |       730000 | PA      | $844620.55     | 0.01%             | 2037-02-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                        | Zegona Finance PLC                                                               | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |     13917000 | PA      | $16939847.71   | 0.12%             | 2029-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROSSINI SARL                                              | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |      1868000 | PA      | $2271509.93    | 0.02%             | 2029-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROSSINI SARL                                              | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |       824777 | PA      | $964498.86     | 0.01%             | 2029-12-31      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                                  | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   1439073000 | PA      | $46300899.82   | 0.34%             | 2029-11-17      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                 | CUSIP: 000000000<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     11321000 | PA      | $13541943.37   | 0.10%             | 2032-07-22      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | Noria DE 2024                                                                    | CUSIP: 000000000<br>LEI: 9695003DRUTU793B4N34 | Long             | ABS-O            | CORP              | FR        |       344385 | PA      | $397431.55     | 0.00%             | 2043-02-25      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | Noria DE 2024                                                                    | CUSIP: 000000000<br>LEI: 9695003DRUTU793B4N34 | Long             | ABS-O            | CORP              | FR        |       172192 | PA      | $198468.28     | 0.00%             | 2043-02-25      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | Noria DE 2024                                                                    | CUSIP: 000000000<br>LEI: 9695003DRUTU793B4N34 | Long             | ABS-O            | CORP              | FR        |        86096 | PA      | $99161.79      | 0.00%             | 2043-02-25      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | Noria DE 2024                                                                    | CUSIP: 000000000<br>LEI: 9695003DRUTU793B4N34 | Long             | ABS-O            | CORP              | FR        |        86096 | PA      | $100274.85     | 0.00%             | 2043-02-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                 | CUSIP: 000000000<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     14457000 | PA      | $16717445.04   | 0.12%             | 2028-07-22      | Floating      | 2.72%                 | No            |                  2 | On Loan: No      |
| Palmer Square European Loan Funding                       | Palmer Square European Loan Funding 2024-2 DAC                                   | CUSIP: 000000000<br>LEI: 254900G4AVDGFB7U1712 | Long             | ABS-CBDO         | CORP              | IE        |       730000 | PA      | $841405.09     | 0.01%             | 2034-05-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Auto1 Car Funding                                         | Auto1 Car Funding Sarl                                                           | CUSIP: 000000000<br>LEI: 984500380CAE46K6F380 | Long             | ABS-O            | CORP              | LU        |       317790 | PA      | $366874.97     | 0.00%             | 2033-12-15      | Floating      | 2.59%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                            | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |      4083000 | PA      | $4721930.02    | 0.03%             | 2031-07-31      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| AFFLELOU SAS                                              | Afflelou SAS                                                                     | CUSIP: 000000000<br>LEI: 969500I7CS80FNB7CZ43 | Long             | DBT              | CORP              | FR        |      2379000 | PA      | $2863149.78    | 0.02%             | 2029-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Asimi Funding Holdings Limited                            | Asimi Funding 2024-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400ED9TX8KJO28Q39 | Long             | ABS-O            | CORP              | GB        |        83771 | PA      | $110148.68     | 0.00%             | 2031-09-16      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CAMEROON                                      | Republic of Cameroon International Bond                                          | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |       474000 | PA      | $449707.50     | 0.00%             | 2031-07-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                            | Constellium SE                                                                   | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |            0 | PA      | $0.00          | 0.00%             | 2032-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STONEGATE PUB FIN                                         | Stonegate Pub Co Financing 2019 PLC                                              | CUSIP: 000000000<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |      4000000 | PA      | $4544045.02    | 0.03%             | 2029-07-31      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| STONEGATE PUB FIN                                         | Stonegate Pub Co Financing 2019 PLC                                              | CUSIP: 000000000<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |      2374000 | PA      | $3093247.26    | 0.02%             | 2029-07-31      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                           | Ocado Group PLC                                                                  | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |      2600000 | PA      | $3394035.12    | 0.02%             | 2029-08-08      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SONA FIOS CLO                                             | Sona Fios Clo III DAC                                                            | CUSIP: 000000000<br>LEI: 635400CQGC8D7FRXGH67 | Long             | ABS-CBDO         | CORP              | IE        |      1800000 | PA      | $2077268.54    | 0.02%             | 2037-04-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Cardiff Automobile Receivables Securitisation             | Cardiff Auto Receivables Securitisation 2024-1 PLC                               | CUSIP: 000000000<br>LEI: 6354006GQBBANLIO8R45 | Long             | ABS-O            | CORP              | GB        |       230000 | PA      | $303699.14     | 0.00%             | 2031-08-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Cardiff Automobile Receivables Securitisation             | Cardiff Auto Receivables Securitisation 2024-1 PLC                               | CUSIP: 000000000<br>LEI: 6354006GQBBANLIO8R45 | Long             | ABS-O            | CORP              | GB        |       175000 | PA      | $231727.66     | 0.00%             | 2031-08-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Cardiff Automobile Receivables Securitisation             | Cardiff Auto Receivables Securitisation 2024-1 PLC                               | CUSIP: 000000000<br>LEI: 6354006GQBBANLIO8R45 | Long             | ABS-O            | CORP              | GB        |       381000 | PA      | $502235.35     | 0.00%             | 2031-08-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fact SA                                                   | FACT SA/LU                                                                       | CUSIP: 000000000<br>LEI: 529900S1VYMIDC5XAC48 | Long             | ABS-O            | CORP              | LU        |       300000 | PA      | $346696.50     | 0.00%             | 2031-09-22      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                    | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       154633 | PA      | $106078.24     | 0.00%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                    | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |        53450 | PA      | $27179.33      | 0.00%             | 2035-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                    | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |        18264 | PA      | $9634.26       | 0.00%             | 2030-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bonds                   | Bulgaria Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |       546000 | PA      | $546070.98     | 0.00%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                    | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       102119 | PA      | $57288.76      | 0.00%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                    | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |        35809 | PA      | $18173.07      | 0.00%             | 2036-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                    | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |        46597 | PA      | $19407.65      | 0.00%             | 2034-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                  | Braccan Mortgage Funding 2024-1 PLC                                              | CUSIP: 000000000<br>LEI: 635400RGKRFPCFMYJF13 | Long             | ABS-MBS          | CORP              | GB        |       404999 | PA      | $531213.32     | 0.00%             | 2067-02-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                  | Braccan Mortgage Funding 2024-1 PLC                                              | CUSIP: 000000000<br>LEI: 635400RGKRFPCFMYJF13 | Long             | ABS-MBS          | CORP              | GB        |      1120140 | PA      | $1474617.43    | 0.01%             | 2067-02-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Tower Bridge Funding                                      | Tower Bridge Funding 2024-3 PLC                                                  | CUSIP: 000000000<br>LEI: 635400XMA28GDAPK1E69 | Long             | ABS-MBS          | CORP              | GB        |       332913 | PA      | $436756.51     | 0.00%             | 2066-12-20      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Tower Bridge Funding                                      | Tower Bridge Funding 2024-3 PLC                                                  | CUSIP: 000000000<br>LEI: 635400XMA28GDAPK1E69 | Long             | ABS-MBS          | CORP              | GB        |       490365 | PA      | $644579.07     | 0.00%             | 2066-12-20      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2024-1ST2 PLC                               | CUSIP: 000000000<br>LEI: 635400WGT6N9TVLEC567 | Long             | ABS-MBS          | CORP              | GB        |      1061155 | PA      | $1399572.01    | 0.01%             | 2065-10-12      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                     | Bank of Ireland Group PLC                                                        | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |      1891000 | PA      | $2280470.59    | 0.02%             | 2030-03-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SARL                                   | Titanium 2l Bondco Sarl                                                          | CUSIP: 000000000<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |      2697500 | PA      | $758863.44     | 0.01%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Italy                                    | Red & Black Auto Italy Srl                                                       | CUSIP: 000000000<br>LEI: 8156003B1C9DCDE30892 | Long             | ABS-O            | CORP              | IT        |       746737 | PA      | $862450.50     | 0.01%             | 2036-07-28      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Italy                                    | Red & Black Auto Italy Srl                                                       | CUSIP: 000000000<br>LEI: 8156003B1C9DCDE30892 | Long             | ABS-O            | CORP              | IT        |       100000 | PA      | $115641.58     | 0.00%             | 2036-07-28      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                  | Braccan Mortgage Funding 2024-1 PLC                                              | CUSIP: 000000000<br>LEI: 635400RGKRFPCFMYJF13 | Long             | ABS-MBS          | CORP              | GB        |       468853 | PA      | $620116.72     | 0.00%             | 2067-02-15      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                              | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      2750000 | PA      | $2915027.50    | 0.02%             | 2034-11-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| London Wall Mortgage Capital                              | London Wall Mortgage Capital PLC                                                 | CUSIP: 000000000<br>LEI: 213800QSO8J75OTK5919 | Long             | ABS-MBS          | CORP              | GB        |       281611 | PA      | $370041.93     | 0.00%             | 2057-05-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| London Wall Mortgage Capital                              | London Wall Mortgage Capital PLC                                                 | CUSIP: 000000000<br>LEI: 213800QSO8J75OTK5919 | Long             | ABS-MBS          | CORP              | GB        |       378492 | PA      | $497980.94     | 0.00%             | 2057-05-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                   | Nationwide Building Society                                                      | CUSIP: 000000000<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |      5225000 | PA      | $7118600.80    | 0.05%             | 2030-12-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2024-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400WJJIABFKEPEL72 | Long             | ABS-O            | CORP              | IE        |      2300000 | PA      | $2653815.16    | 0.02%             | 2034-10-18      | Floating      | 2.64%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2024-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400WJJIABFKEPEL72 | Long             | ABS-O            | CORP              | IE        |       300000 | PA      | $347499.79     | 0.00%             | 2034-10-18      | Floating      | 3.22%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2024-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400WJJIABFKEPEL72 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $115945.18     | 0.00%             | 2034-10-18      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2024-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400WJJIABFKEPEL72 | Long             | ABS-O            | CORP              | IE        |       300000 | PA      | $351056.29     | 0.00%             | 2034-10-18      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      1600000 | PA      | $1936560.54    | 0.01%             | 2032-06-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      3900000 | PA      | $5236076.91    | 0.04%             | 2035-06-17      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      3000000 | PA      | $3572701.28    | 0.03%             | 2029-09-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AZELIS FINANCE NV                                         | Azelis Finance NV                                                                | CUSIP: 000000000<br>LEI: 699400J0P7A5VXKGK641 | Long             | DBT              | CORP              | BE        |      1000000 | PA      | $1183887.49    | 0.01%             | 2029-09-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GAMMA Sociedade de Titularizacao de Creditos              | GAMMA Sociedade de Titularizacao de Creditos                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       728942 | PA      | $841552.55     | 0.01%             | 2034-02-25      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl                                                    | CUSIP: 000000000<br>LEI: 549300GESLGUWWGJRM09 | Long             | ABS-O            | CORP              | IT        |       170316 | PA      | $197631.64     | 0.00%             | 2043-09-22      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| Auto ABS                                                  | Auto ABS Spanish Loans 2024-1 FT                                                 | CUSIP: 000000000<br>LEI: 9598007LTXPL84RD7W58 | Long             | ABS-O            | CORP              | ES        |       755389 | PA      | $873199.04     | 0.01%             | 2038-09-28      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| Auto ABS                                                  | Auto ABS Spanish Loans 2024-1 FT                                                 | CUSIP: 000000000<br>LEI: 9598007LTXPL84RD7W58 | Long             | ABS-O            | CORP              | ES        |       335728 | PA      | $388432.49     | 0.00%             | 2038-09-28      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| NSW PORTS FINANCE CO PTY                                  | NSW Ports Finance Co Pty Ltd                                                     | CUSIP: 000000000<br>LEI: 8945007UJK9KDKZE6M43 | Long             | DBT              | CORP              | AU        |       650000 | PA      | $425771.31     | 0.00%             | 2034-09-19      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                                | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |       800000 | PA      | $971580.19     | 0.01%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                                         | Bubbles Bidco SPA                                                                | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |      5404000 | PA      | $6407737.41    | 0.05%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                                         | Bubbles Bidco SPA                                                                | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |      3998000 | PA      | $4625926.64    | 0.03%             | 2031-09-30      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                   | Turkiye Government Bond                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     82093137 | PA      | $1797873.67    | 0.01%             | 2029-09-12      | Fixed         | 30.00%                | No            |                  2 | On Loan: No      |
| HILL FL                                                   | Hill FL 2024-2 BV                                                                | CUSIP: 000000000<br>LEI: 724500H2AN902EY7W191 | Long             | ABS-O            | CORP              | NL        |      1205442 | PA      | $1388903.96    | 0.01%             | 2032-10-18      | Floating      | 2.64%                 | No            |                  2 | On Loan: No      |
| Providus CLO                                              | Providus CLO II DAC                                                              | CUSIP: 000000000<br>LEI: 635400JFBYET5G2XFP83 | Long             | ABS-CBDO         | CORP              | IE        |       910000 | PA      | $1043640.98    | 0.01%             | 2038-10-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Arbour CLO                                                | Arbour CLO VI DAC                                                                | CUSIP: 000000000<br>LEI: 635400HEJB8VLV1GBH66 | Long             | ABS-CBDO         | CORP              | IE        |      1150000 | PA      | $1322866.51    | 0.01%             | 2037-11-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Capital Four CLO                                          | Capital Four CLO VIII DAC                                                        | CUSIP: 000000000<br>LEI: 2549006Z0XBVN3OW8T93 | Long             | ABS-CBDO         | CORP              | IE        |      1360000 | PA      | $1568063.70    | 0.01%             | 2037-10-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                     | Muangthai Capital PCL                                                            | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      4500000 | PA      | $4567500.00    | 0.03%             | 2028-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OEG FINANCE PLC                                           | OEG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |     20466000 | PA      | $24684082.64   | 0.18%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FINANCE                                   | Wintershall Dea Finance BV                                                       | CUSIP: 000000000<br>LEI: 529900SUC9JUI6M74U66 | Long             | DBT              | CORP              | NL        |     12291000 | PA      | $14390202.31   | 0.10%             | 2032-10-03      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FINANCE                                   | Wintershall Dea Finance BV                                                       | CUSIP: 000000000<br>LEI: 529900SUC9JUI6M74U66 | Long             | DBT              | CORP              | NL        |      4900000 | PA      | $5737858.79    | 0.04%             | 2029-10-03      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| APCOA HOLDINGS GMBH                                       | APCOA Group GmbH/Germany                                                         | CUSIP: 000000000<br>LEI: 529900H8FIYAOV5FUW68 | Long             | DBT              | CORP              | DE        |     19000000 | PA      | $22358692.16   | 0.16%             | 2031-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DYNAMO NEWCO II GMBH                                      | Dynamo Newco II GmbH                                                             | CUSIP: 000000000<br>LEI: 391200FDSPYB8FKV7F97 | Long             | DBT              | CORP              | DE        |      2091000 | PA      | $2421648.96    | 0.02%             | 2031-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILL FL                                                   | Hill FL 2024-2 BV                                                                | CUSIP: 000000000<br>LEI: 724500H2AN902EY7W191 | Long             | ABS-O            | CORP              | NL        |        96499 | PA      | $109868.57     | 0.00%             | 2032-10-18      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Jubilee CDO BV                                            | Jubilee CLO 2024-XXIX DAC                                                        | CUSIP: 000000000<br>LEI: 635400VFSWKTVSOVPY94 | Long             | ABS-CBDO         | CORP              | IE        |      1420000 | PA      | $1639505.97    | 0.01%             | 2039-01-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                      | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       470471 | PA      | $402840.79     | 0.00%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                      | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      4178659 | PA      | $4074192.53    | 0.03%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                      | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |        13446 | PA      | $13076.62      | 0.00%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                          | Ziggo Bond Co BV                                                                 | CUSIP: 000000000<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |      2392000 | PA      | $2615677.45    | 0.02%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                                   | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |      4453000 | PA      | $4474621.15    | 0.03%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 2              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       100000 | PA      | $116504.68     | 0.00%             | 2042-10-27      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 2              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |        86933 | PA      | $100898.62     | 0.00%             | 2042-10-27      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                            | Edge Finco PLC                                                                   | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |     20631000 | PA      | $28705464.61   | 0.21%             | 2031-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                      | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |      7271000 | PA      | $9103797.86    | 0.07%             | 2031-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                      | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       284760 | PA      | $245605.90     | 0.00%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 2              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |        86933 | PA      | $101451.44     | 0.00%             | 2042-10-27      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                  | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |      1479000 | PA      | $1536681.00    | 0.01%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                           | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |      1637000 | PA      | $1919282.11    | 0.01%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Elstree Funding                                           | Elstree Funding No 5 PLC                                                         | CUSIP: 000000000<br>LEI: 635400TQHOGQECGSLM58 | Long             | ABS-MBS          | CORP              | GB        |       513414 | PA      | $675821.16     | 0.00%             | 2061-08-21      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2024-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       100000 | PA      | $115741.28     | 0.00%             | 2038-05-14      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2024-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       865119 | PA      | $998843.75     | 0.01%             | 2038-05-14      | Floating      | 2.62%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2024-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       600000 | PA      | $694538.28     | 0.01%             | 2038-05-14      | Floating      | 3.02%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2024-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       100000 | PA      | $115877.52     | 0.00%             | 2038-05-14      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| TVF VARLIK KIRALAMA AS                                    | TVF Varlik Kiralama AS                                                           | CUSIP: 000000000<br>LEI: 7890008K3XQXPH1NO713 | Long             | DBT              | CORP              | TR        |      1348000 | PA      | $1391810.00    | 0.01%             | 2030-01-23      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                  | Development Bank of Kazakhstan JSC                                               | CUSIP: 000000000<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    115500000 | PA      | $194681.56     | 0.00%             | 2028-05-23      | Fixed         | 13.49%                | No            |                  2 | On Loan: No      |
| Thunder Logistics                                         | Thunder Logistics 2024-1 DAC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |        71578 | PA      | $82424.75      | 0.00%             | 2036-11-17      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Thunder Logistics                                         | Thunder Logistics 2024-1 DAC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |       788744 | PA      | $908242.65     | 0.01%             | 2036-11-17      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Palmer Square European Loan Funding                       | Palmer Square European Loan Funding 2024-3 DAC                                   | CUSIP: 000000000<br>LEI: 254900IYUKLJNYNCCC63 | Long             | ABS-CBDO         | CORP              | IE        |       850000 | PA      | $980064.70     | 0.01%             | 2034-05-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Dowson                                                    | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |       701036 | PA      | $922444.19     | 0.01%             | 2031-08-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Dowson                                                    | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |       665000 | PA      | $875619.57     | 0.01%             | 2031-08-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Dowson                                                    | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |       118000 | PA      | $155356.98     | 0.00%             | 2031-08-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Dowson                                                    | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |       500000 | PA      | $653632.58     | 0.00%             | 2031-08-20      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| Dowson                                                    | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |       100000 | PA      | $130482.96     | 0.00%             | 2031-08-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Dowson                                                    | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |       500000 | PA      | $646997.08     | 0.00%             | 2031-08-20      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                                       | Henley CLO XII DAC                                                               | CUSIP: 000000000<br>LEI: 635400SQELBB2FR6QN30 | Long             | ABS-CBDO         | CORP              | IE        |       850000 | PA      | $978908.79     | 0.01%             | 2038-01-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| FRESSNAPF HOLDING SE                                      | Fressnapf Holding SE                                                             | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |      3040000 | PA      | $3551839.24    | 0.03%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                  | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     11263000 | PA      | $13319026.85   | 0.10%             | 2032-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Pierpont BTL                                              | Pierpont BTL 2024-1 PLC                                                          | CUSIP: 000000000<br>LEI: 6354004XBFL8EVVJME24 | Long             | ABS-MBS          | CORP              | GB        |      1379700 | PA      | $1816135.94    | 0.01%             | 2061-09-21      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                  | Almaviva-The Italian Innovation Co SpA                                           | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |     14592000 | PA      | $17052231.93   | 0.12%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Three Sarl               | CUSIP: 000000000<br>LEI: 213800WQKYRCMTF4FR47 | Long             | ABS-O            | CORP              | LU        |        91529 | PA      | $106151.79     | 0.00%             | 2034-03-21      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Three Sarl               | CUSIP: 000000000<br>LEI: 213800WQKYRCMTF4FR47 | Long             | ABS-O            | CORP              | LU        |        91529 | PA      | $106295.16     | 0.00%             | 2034-03-21      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Three Sarl               | CUSIP: 000000000<br>LEI: 213800WQKYRCMTF4FR47 | Long             | ABS-O            | CORP              | LU        |        91529 | PA      | $106419.02     | 0.00%             | 2034-03-21      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Three Sarl               | CUSIP: 000000000<br>LEI: 213800WQKYRCMTF4FR47 | Long             | ABS-O            | CORP              | LU        |       549176 | PA      | $636710.03     | 0.00%             | 2034-03-21      | Floating      | 3.22%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-3                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       151000 | PA      | $198250.41     | 0.00%             | 2032-11-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-3                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       438000 | PA      | $576536.86     | 0.00%             | 2032-11-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Arini European CLO                                        | Arini European Clo IV DAC                                                        | CUSIP: 000000000<br>LEI: 635400S1CQWFRKNVAN93 | Long             | ABS-CBDO         | CORP              | IE        |      1660000 | PA      | $1923662.57    | 0.01%             | 2038-01-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2024-3                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |      1047000 | PA      | $1378992.18    | 0.01%             | 2032-11-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | FTA Consumo Santander                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |       142751 | PA      | $165096.11     | 0.00%             | 2038-07-20      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | FTA Consumo Santander                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |       142751 | PA      | $165208.99     | 0.00%             | 2038-07-20      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Contego CLO DAC                                           | Contego CLO XI DAC                                                               | CUSIP: 000000000<br>LEI: 6354008HTD4GEZHRKR02 | Long             | ABS-CBDO         | CORP              | IE        |       850000 | PA      | $975068.16     | 0.01%             | 2038-11-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| CITY OF ULAANBAATAAR MON                                  | City of Ulaanbaatar Mongolia                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |      1500000 | PA      | $1531875.00    | 0.01%             | 2027-08-21      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2024-Mix PLC                                                            | CUSIP: 000000000<br>LEI: 213800F12CZ391USLI51 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $132009.61     | 0.00%             | 2067-09-22      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2024-Mix PLC                                                            | CUSIP: 000000000<br>LEI: 213800F12CZ391USLI51 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $130719.95     | 0.00%             | 2067-09-22      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2024-Mix PLC                                                            | CUSIP: 000000000<br>LEI: 213800F12CZ391USLI51 | Long             | ABS-MBS          | CORP              | GB        |       561000 | PA      | $735165.89     | 0.01%             | 2067-09-22      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Golden Ray S.A.                                           | Golden Ray SA - Compartment 1                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       605722 | PA      | $697976.35     | 0.01%             | 2057-12-27      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| Golden Ray S.A.                                           | Golden Ray SA - Compartment 1                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       100000 | PA      | $114694.56     | 0.00%             | 2057-12-27      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2024-Mix PLC                                                            | CUSIP: 000000000<br>LEI: 213800F12CZ391USLI51 | Long             | ABS-MBS          | CORP              | GB        |      1138763 | PA      | $1498809.46    | 0.01%             | 2067-09-22      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Winchester PLC                                            | Winchester 1 PLC                                                                 | CUSIP: 000000000<br>LEI: 213800AWJGG72JJNBW66 | Long             | ABS-MBS          | CORP              | GB        |       340000 | PA      | $447066.57     | 0.00%             | 2056-10-21      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Winchester PLC                                            | Winchester 1 PLC                                                                 | CUSIP: 000000000<br>LEI: 213800AWJGG72JJNBW66 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $132192.34     | 0.00%             | 2056-10-21      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Winchester PLC                                            | Winchester 1 PLC                                                                 | CUSIP: 000000000<br>LEI: 213800AWJGG72JJNBW66 | Long             | ABS-MBS          | CORP              | GB        |       738033 | PA      | $972655.81     | 0.01%             | 2056-10-21      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Winchester PLC                                            | Winchester 1 PLC                                                                 | CUSIP: 000000000<br>LEI: 213800AWJGG72JJNBW66 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $132807.42     | 0.00%             | 2056-10-21      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| CITADEL PLC                                               | Citadel 2024-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800XKX6NBEB5W9Z43 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $132325.55     | 0.00%             | 2060-04-28      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| CITADEL PLC                                               | Citadel 2024-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800XKX6NBEB5W9Z43 | Long             | ABS-MBS          | CORP              | GB        |      1551786 | PA      | $2043758.47    | 0.01%             | 2060-04-28      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CITADEL PLC                                               | Citadel 2024-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800XKX6NBEB5W9Z43 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $132583.82     | 0.00%             | 2060-04-28      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| CITADEL PLC                                               | Citadel 2024-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800XKX6NBEB5W9Z43 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $133641.35     | 0.00%             | 2060-04-28      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| CITADEL PLC                                               | Citadel 2024-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800XKX6NBEB5W9Z43 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $133401.21     | 0.00%             | 2060-04-28      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Avoca Static CLO                                          | Avoca Static CLO I DAC                                                           | CUSIP: 000000000<br>LEI: 549300D0MXVAW7ZB0873 | Long             | ABS-CBDO         | CORP              | IE        |       580000 | PA      | $666701.57     | 0.00%             | 2035-01-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Victory Street CLO                                        | Victory Street CLO I DAC                                                         | CUSIP: 000000000<br>LEI: 635400D4KWYZ4IFHKI82 | Long             | ABS-CBDO         | CORP              | IE        |      1250000 | PA      | $1442752.19    | 0.01%             | 2038-01-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BPER BANCA                                                | BPER Banca SPA                                                                   | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | DBT              | CORP              | IT        |      5000000 | PA      | $6025662.60    | 0.04%             | 2030-03-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Italian Stella Loans Srl                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |        90421 | PA      | $104391.53     | 0.00%             | 2039-05-27      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                      | Booking Holdings Inc                                                             | CUSIP: 000000000<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |       664000 | PA      | $769442.36     | 0.01%             | 2032-11-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TUI CRUISES GMBH                                          | TUI Cruises GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SVD83QUUIZYY18 | Long             | DBT              | CORP              | DE        |      3941000 | PA      | $4644345.57    | 0.03%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                                    | B&M European Value Retail SA                                                     | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |      6300000 | PA      | $8132509.53    | 0.06%             | 2031-11-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                         | Iliad Holding SAS                                                                | CUSIP: 000000000<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |      2637000 | PA      | $3129103.72    | 0.02%             | 2030-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                       | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |      6800000 | PA      | $6274108.81    | 0.05%             | 2029-11-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WOOLWORTHS GROUP LTD                                      | Woolworths Group Ltd                                                             | CUSIP: 000000000<br>LEI: QNWEWQBS7HP85QHXQL92 | Long             | DBT              | CORP              | AU        |      2000000 | PA      | $1355421.63    | 0.01%             | 2034-11-29      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                   | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |      3100000 | PA      | $3148437.50    | 0.02%             | 2029-12-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Five Srl                 | CUSIP: 000000000<br>LEI: 8156006F7517955B5E95 | Long             | ABS-O            | CORP              | IT        |        92198 | PA      | $107047.39     | 0.00%             | 2039-11-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                                      | Heimstaden Bostad AB                                                             | CUSIP: 000000000<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |      5500000 | PA      | $6583998.22    | 0.05%             | 2029-12-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                                          | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |      1154000 | PA      | $1354149.75    | 0.01%             | 2031-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1403903 | PA      | $1852632.22    | 0.01%             | 2035-02-17      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       196986 | PA      | $259786.59     | 0.00%             | 2035-02-17      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       218985 | PA      | $287684.41     | 0.00%             | 2035-02-17      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |        99993 | PA      | $131362.48     | 0.00%             | 2035-02-17      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| ABANCA CORP BANCARIA SA                                   | Abanca Corp Bancaria SA                                                          | CUSIP: 000000000<br>LEI: 54930056IRBXK0Q1FP96 | Long             | DBT              | CORP              | ES        |      6000000 | PA      | $7195890.57    | 0.05%             | 2036-12-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IRCA SPA                                                  | Irca SpA/Gallarate                                                               | CUSIP: 000000000<br>LEI: 815600CDE52BA2426216 | Long             | DBT              | CORP              | IT        |      5829000 | PA      | $6764232.17    | 0.05%             | 2029-12-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Five Srl                 | CUSIP: 000000000<br>LEI: 8156006F7517955B5E95 | Long             | ABS-O            | CORP              | IT        |       129999 | PA      | $150371.93     | 0.00%             | 2039-11-15      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Five Srl                 | CUSIP: 000000000<br>LEI: 8156006F7517955B5E95 | Long             | ABS-O            | CORP              | IT        |        92198 | PA      | $106587.35     | 0.00%             | 2039-11-15      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Asset-Backed European Securitisation Transaction          | Asset-Backed European Securitisation Transaction Twenty-Five Srl                 | CUSIP: 000000000<br>LEI: 8156006F7517955B5E95 | Long             | ABS-O            | CORP              | IT        |       118935 | PA      | $137870.57     | 0.00%             | 2039-11-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| QUBE TREASURY PTY LTD                                     | Qube Treasury Pty Ltd                                                            | CUSIP: 000000000<br>LEI: 9845005E938043FLCE53 | Long             | DBT              | CORP              | AU        |       800000 | PA      | $534835.26     | 0.00%             | 2034-12-11      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC NATIONAL FINANCE                                  | Pacific National Finance Pty Ltd                                                 | CUSIP: 000000000<br>LEI: 213800SSTRDXLWWVF948 | Long             | DBT              | CORP              | AU        |      6030000 | PA      | $4053888.60    | 0.03%             | 2054-12-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CITYCON TREASURY BV                                       | Citycon Treasury BV                                                              | CUSIP: 000000000<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |      2350000 | PA      | $2689044.99    | 0.02%             | 2030-03-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Contego CLO DAC                                           | Contego CLO VII DAC                                                              | CUSIP: 000000000<br>LEI: 549300HTBV5M1YNUW859 | Long             | ABS-CBDO         | CORP              | IE        |      1980000 | PA      | $2271796.94    | 0.02%             | 2038-01-23      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA O2 V DAC                                     | Virgin Media O2 Vendor Financing Notes V DAC                                     | CUSIP: 000000000<br>LEI: 635400ASSEVCXAPVGC36 | Long             | DBT              | CORP              | IE        |     11398000 | PA      | $15218711.77   | 0.11%             | 2032-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Avoca CLO                                                 | Avoca CLO XVIII DAC                                                              | CUSIP: 000000000<br>LEI: 549300K6K5XESJRIKM24 | Long             | ABS-CBDO         | CORP              | IE        |      1170000 | PA      | $1344939.92    | 0.01%             | 2038-01-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |      8000000 | PA      | $9688148.96    | 0.07%             | 2030-05-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       788479 | PA      | $686765.21     | 0.00%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       726097 | PA      | $669824.48     | 0.00%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       397363 | PA      | $374315.95     | 0.00%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                  | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |        47541 | PA      | $44783.62      | 0.00%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       372807 | PA      | $340186.39     | 0.00%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       382091 | PA      | $366234.69     | 0.00%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       524647 | PA      | $405556.96     | 0.00%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                  | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       930916 | PA      | $892282.71     | 0.01%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                       | PETROLEOS MEXICANOS                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     10281000 | PA      | $10229595.00   | 0.07%             | 2026-03-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENEL SPA                                                  | Enel SpA                                                                         | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | DBT              | CORP              | IT        |      6375000 | PA      | $7498096.29    | 0.05%             | 2030-01-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                             | AIB Group PLC                                                                    | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |      3500000 | PA      | $4129766.50    | 0.03%             | 2031-07-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                         | Chile Government International Bond                                              | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |       419000 | PA      | $494372.73     | 0.00%             | 2032-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE LUFTHANSA AG                                     | Deutsche Lufthansa AG                                                            | CUSIP: 000000000<br>LEI: 529900PH63HYJ86ASW55 | Long             | DBT              | CORP              | DE        |     10100000 | PA      | $12183107.68   | 0.09%             | 2055-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                         | Italy Buoni Poliennali Del Tesoro                                                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     50682000 | PA      | $59958524.79   | 0.44%             | 2035-08-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                    | Banque Federative du Credit Mutuel SA                                            | CUSIP: 000000000<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |     16700000 | PA      | $19614458.24   | 0.14%             | 2035-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                     | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |       423000 | PA      | $495952.32     | 0.00%             | 2033-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KAPLA HOLDING SAS                                         | Kapla Holding SAS                                                                | CUSIP: 000000000<br>LEI: 894500PJ28XTH66K4X83 | Long             | DBT              | CORP              | FR        |     14500000 | PA      | $16917970.43   | 0.12%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                                   | Eni SpA                                                                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |      4725000 | PA      | $5596313.96    | 0.04%             | 2031-01-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AL RAJHI SUKUK LTD                                        | Al Rajhi Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |       876000 | PA      | $888264.00     | 0.01%             | 2030-07-21      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                              | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      2200000 | PA      | $2683326.69    | 0.02%             | 2032-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EUROBANK ERG SVCS HLDGS                                   | Eurobank Ergasias Services and Holdings SA                                       | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | DBT              | CORP              | GR        |      3275000 | PA      | $3792561.06    | 0.03%             | 2035-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp                                                             | CUSIP: 000000000<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      9274000 | PA      | $10848259.38   | 0.08%             | 2031-01-28      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| ADLER FINANCING SARL                                      | Adler Financing Sarl                                                             | CUSIP: 000000000<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |     22910703 | PA      | $28537303.38   | 0.21%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                    | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     64741000 | PA      | $74971687.78   | 0.55%             | 2035-04-30      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                  | ContourGlobal Power Holdings SA                                                  | CUSIP: 000000000<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |     14801000 | PA      | $17511350.15   | 0.13%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                                  | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    421446000 | PA      | $13778618.80   | 0.10%             | 2035-03-17      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                      | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       635000 | PA      | $680243.75     | 0.00%             | 2030-02-04      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Jubilee Place                                             | Jubilee Place 7 BV                                                               | CUSIP: 000000000<br>LEI: 724500E73QDBSXZ44959 | Long             | ABS-MBS          | CORP              | NL        |      1107725 | PA      | $1277451.56    | 0.01%             | 2062-09-18      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| ENGINEERING SPA                                           | Engineering - Ingegneria Informatica - SpA                                       | CUSIP: 000000000<br>LEI: 81560042F5E23EE61346 | Long             | DBT              | CORP              | IT        |      1700000 | PA      | $2096185.03    | 0.02%             | 2030-02-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Jubilee Place                                             | Jubilee Place 7 BV                                                               | CUSIP: 000000000<br>LEI: 724500E73QDBSXZ44959 | Long             | ABS-MBS          | CORP              | NL        |       100000 | PA      | $114527.19     | 0.00%             | 2062-09-18      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| OVH GROUPE SAS                                            | OVH Groupe SA                                                                    | CUSIP: 000000000<br>LEI: 9695001J8OSOVX4TP939 | Long             | DBT              | CORP              | FR        |      6000000 | PA      | $6987836.57    | 0.05%             | 2031-02-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Jubilee Place                                             | Jubilee Place 7 BV                                                               | CUSIP: 000000000<br>LEI: 724500E73QDBSXZ44959 | Long             | ABS-MBS          | CORP              | NL        |       257000 | PA      | $294328.07     | 0.00%             | 2062-09-18      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                   | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |     12169000 | PA      | $14583786.95   | 0.11%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SGL GROUP APS                                             | SGL Group ApS                                                                    | CUSIP: 000000000<br>LEI: 636700YQKGLXCPPUYE74 | Long             | DBT              | CORP              | DK        |      3000000 | PA      | $3341366.07    | 0.02%             | 2031-02-24      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Aurium CLO                                                | Aurium Clo XIII DAC                                                              | CUSIP: 000000000<br>LEI: 635400NUJFLZMWBUGF89 | Long             | ABS-CBDO         | CORP              | IE        |      1100000 | PA      | $1258380.34    | 0.01%             | 2038-04-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Polaris                                                   | Polaris 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MKPQQD5URNMC45 | Long             | ABS-MBS          | CORP              | GB        |       108000 | PA      | $140872.51     | 0.00%             | 2068-02-26      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Polaris                                                   | Polaris 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MKPQQD5URNMC45 | Long             | ABS-MBS          | CORP              | GB        |       413000 | PA      | $537685.79     | 0.00%             | 2068-02-26      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Polaris                                                   | Polaris 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MKPQQD5URNMC45 | Long             | ABS-MBS          | CORP              | GB        |      1784434 | PA      | $2347720.06    | 0.02%             | 2068-02-26      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Polaris                                                   | Polaris 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MKPQQD5URNMC45 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $129840.16     | 0.00%             | 2068-02-26      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       920000 | PA      | $1108825.84    | 0.01%             | 2030-03-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       856000 | PA      | $1030466.66    | 0.01%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-Mobile USA Inc                                                                 | CUSIP: 000000000<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      6966000 | PA      | $7518673.88    | 0.05%             | 2045-02-11      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AUSNET SERVICES HOLDINGS                                  | AusNet Services Holdings Pty Ltd                                                 | CUSIP: 000000000<br>LEI: TTMIG9TE1S0X3ZPDHD61 | Long             | DBT              | CORP              | AU        |      1740000 | PA      | $1171645.91    | 0.01%             | 2055-02-12      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                   | Imperial Brands Finance PLC                                                      | CUSIP: 000000000<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     10286000 | PA      | $11841684.97   | 0.09%             | 2034-02-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-2nd1 PLC                               | CUSIP: 000000000<br>LEI: 635400YLGUIWG9EKBV27 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131485.70     | 0.00%             | 2056-09-12      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-2nd1 PLC                               | CUSIP: 000000000<br>LEI: 635400YLGUIWG9EKBV27 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131580.16     | 0.00%             | 2056-09-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-2nd1 PLC                               | CUSIP: 000000000<br>LEI: 635400YLGUIWG9EKBV27 | Long             | ABS-MBS          | CORP              | GB        |       424000 | PA      | $557600.20     | 0.00%             | 2056-09-12      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-2nd1 PLC                               | CUSIP: 000000000<br>LEI: 635400YLGUIWG9EKBV27 | Long             | ABS-MBS          | CORP              | GB        |       797336 | PA      | $1049671.80    | 0.01%             | 2056-09-12      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                 | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |      2000000 | PA      | $2316528.01    | 0.02%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                                   | Summer BC Holdco B SARL                                                          | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | DBT              | CORP              | LU        |      6997000 | PA      | $7722577.34    | 0.06%             | 2030-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                                   | Summer BC Holdco B SARL                                                          | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | DBT              | CORP              | LU        |     11253000 | PA      | $12533079.95   | 0.09%             | 2030-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                         | Gabon Government International Bond                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      2477000 | PA      | $2228532.13    | 0.02%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                  | Air Products and Chemicals Inc                                                   | CUSIP: 000000000<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |     13142000 | PA      | $15120004.41   | 0.11%             | 2031-05-14      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fidelity Grand Harbour CLO                                | Fidelity Grand Harbour Clo 2023-1 DAC                                            | CUSIP: 000000000<br>LEI: 635400GMXFDXRDDHLG52 | Long             | ABS-CBDO         | CORP              | IE        |      2040000 | PA      | $2330931.25    | 0.02%             | 2038-02-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                                       | Henley Clo Xi DAC                                                                | CUSIP: 000000000<br>LEI: 6354004ZEQIYPXESRG76 | Long             | ABS-CBDO         | CORP              | IE        |      2280000 | PA      | $2605993.39    | 0.02%             | 2039-04-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                   | Saudi Electricity Sukuk Programme Co                                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |      1101000 | PA      | $1131211.44    | 0.01%             | 2030-02-18      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| LT Autorahoitus                                           | LT Rahoitus 2025-1 DAC                                                           | CUSIP: 000000000<br>LEI: 635400OFIJ3A8BN2BV40 | Long             | ABS-O            | CORP              | IE        |       200000 | PA      | $230031.84     | 0.00%             | 2036-07-18      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                        | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |      3400000 | PA      | $4016765.99    | 0.03%             | 2035-03-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Elstree Funding                                           | Elstree Funding                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1095133 | PA      | $1438134.72    | 0.01%             | 2065-01-21      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HO IX LTD                                      | Alpha Star Holding IX Ltd                                                        | CUSIP: 000000000<br>LEI: 254900IL2SBV9ANGBE89 | Long             | DBT              | CORP              | AE        |       832000 | PA      | $848640.00     | 0.01%             | 2028-08-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Arini European CLO                                        | Arini European CLO V DAC                                                         | CUSIP: 000000000<br>LEI: 635400HVHHJPCXB66K47 | Long             | ABS-CBDO         | CORP              | IE        |      1560000 | PA      | $1791675.01    | 0.01%             | 2039-01-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                    | TotalEnergies Capital International SA                                           | CUSIP: 000000000<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |       600000 | PA      | $658678.18     | 0.00%             | 2045-03-03      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | Lloyds Banking Group PLC                                                         | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |      2575000 | PA      | $3512506.09    | 0.03%             | 2030-06-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                    | TotalEnergies Capital International SA                                           | CUSIP: 000000000<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |      2900000 | PA      | $3289040.79    | 0.02%             | 2037-03-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INSURANCE AUSTRALIA GRP                                   | Insurance Australia Group Ltd                                                    | CUSIP: 000000000<br>LEI: 549300PFEWKNHRG25N08 | Long             | DBT              | CORP              | AU        |      1340000 | PA      | $883521.78     | 0.01%             | 2037-06-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NatWest Group PLC                                                                | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      5025000 | PA      | $6818485.26    | 0.05%             | 2032-02-28      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NSW ELECTRICITY NETWORKS                                  | NSW Electricity Networks Finance Pty Ltd                                         | CUSIP: 000000000<br>LEI: 5493009VPYKFFK7UXM97 | Long             | DBT              | CORP              | AU        |       600000 | PA      | $405872.73     | 0.00%             | 2055-03-11      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| NSW ELECTRICITY NETWORKS                                  | NSW Electricity Networks Finance Pty Ltd                                         | CUSIP: 000000000<br>LEI: 5493009VPYKFFK7UXM97 | Long             | SN               | CORP              | AU        |      1910000 | PA      | $1260747.89    | 0.01%             | 2055-03-11      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Contego CLO DAC                                           | Contego Clo V DAC                                                                | CUSIP: 000000000<br>LEI: 549300RF10WJ1D9VYK55 | Long             | ABS-CBDO         | CORP              | IE        |      1560000 | PA      | $1796841.77    | 0.01%             | 2037-10-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| SAPPI PAPIER HOLDNG GMBH                                  | Sappi Papier Holding GmbH                                                        | CUSIP: 000000000<br>LEI: 549300XBCUMUR5CI0181 | Long             | DBT              | CORP              | AT        |      9876000 | PA      | $11129987.31   | 0.08%             | 2032-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARAMARK INTL FINANCE                                      | Aramark International Finance Sarl                                               | CUSIP: 000000000<br>LEI: 5493006HLPNGDDC12P30 | Long             | DBT              | CORP              | LU        |     10150000 | PA      | $11746998.96   | 0.09%             | 2033-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                             | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |      7700000 | PA      | $9017350.43    | 0.07%             | 2037-03-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Rockford Tower Europe CLO                                 | Rockford Tower Europe Clo 2025-1 DAC                                             | CUSIP: 000000000<br>LEI: 635400NARJYDXJRPGF02 | Long             | ABS-CBDO         | CORP              | IE        |      1980000 | PA      | $2268143.74    | 0.02%             | 2037-10-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ALSTRIA OFFICE AG                                         | Alstria Office AG                                                                | CUSIP: 000000000<br>LEI: 529900QIJIGPI0DRL085 | Long             | DBT              | CORP              | DE        |     14000000 | PA      | $16597008.18   | 0.12%             | 2031-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PLC                                         | SEPLAT Energy PLC                                                                | CUSIP: 000000000<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |       712000 | PA      | $722680.00     | 0.01%             | 2030-03-21      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-Cre-1 PLC                              | CUSIP: 000000000<br>LEI: 635400IHLPBPFA2IVG30 | Long             | ABS-MBS          | CORP              | GB        |       182000 | PA      | $238972.12     | 0.00%             | 2057-01-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-Cre-1 PLC                              | CUSIP: 000000000<br>LEI: 635400IHLPBPFA2IVG30 | Long             | ABS-MBS          | CORP              | GB        |       109000 | PA      | $144700.23     | 0.00%             | 2057-01-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Finance Ireland Auto Receivables DAC                      | Finance Ireland Auto Receivables No 2 DAC                                        | CUSIP: 000000000<br>LEI: 635400CQQYNH7KEIXW17 | Long             | ABS-O            | CORP              | IE        |       227244 | PA      | $261542.96     | 0.00%             | 2034-11-14      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| Panorama Auto Trust                                       | Panorama Auto Trust 2025-1                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      2772236 | PA      | $1814962.54    | 0.01%             | 2033-03-15      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Panorama Auto Trust                                       | Panorama Auto Trust 2025-1                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |       576000 | PA      | $377743.59     | 0.00%             | 2033-03-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| KASPI.KZ JSC                                              | JSC Kaspi.kz                                                                     | CUSIP: 000000000<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |       200000 | PA      | $205392.00     | 0.00%             | 2030-03-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                               | Taurus 2025-2 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ZUSGYHROR9ZX12 | Long             | ABS-MBS          | CORP              | IE        |      2000676 | PA      | $2630923.73    | 0.02%             | 2035-02-18      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                               | Taurus 2025-2 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ZUSGYHROR9ZX12 | Long             | ABS-MBS          | CORP              | IE        |       394074 | PA      | $517697.79     | 0.00%             | 2035-02-18      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                               | Taurus 2025-2 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ZUSGYHROR9ZX12 | Long             | ABS-MBS          | CORP              | IE        |       487272 | PA      | $640135.11     | 0.00%             | 2035-02-18      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                 | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |      3320000 | PA      | $3962988.16    | 0.03%             | 2030-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Sapphire Trust                                            | SAPPHIRE XXXII SERIES 2025-1 TRUST                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |      5880000 | PA      | $3855132.23    | 0.03%             | 2066-06-14      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRST 1                                      | Scentre Group Trust 1                                                            | CUSIP: 000000000<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |      2400000 | PA      | $1590718.36    | 0.01%             | 2055-03-31      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2025-1 DAC                                             | CUSIP: 000000000<br>LEI: 635400DRZLOPFVGZUR29 | Long             | ABS-O            | CORP              | IE        |       600000 | PA      | $692764.35     | 0.01%             | 2035-04-18      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2025-1 DAC                                             | CUSIP: 000000000<br>LEI: 635400DRZLOPFVGZUR29 | Long             | ABS-O            | CORP              | IE        |      3300000 | PA      | $3806027.44    | 0.03%             | 2035-04-18      | Floating      | 2.62%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2025-1 DAC                                             | CUSIP: 000000000<br>LEI: 635400DRZLOPFVGZUR29 | Long             | ABS-O            | CORP              | IE        |       200000 | PA      | $231257.56     | 0.00%             | 2035-04-18      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                             | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |      2200000 | PA      | $2685768.03    | 0.02%             | 2031-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                             | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |      1800000 | PA      | $2117675.37    | 0.02%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARENA LUX FIN SARL                                        | Arena Luxembourg Finance Sarl                                                    | CUSIP: 000000000<br>LEI: 222100KX2LPK5KRSIG74 | Long             | DBT              | CORP              | LU        |      4122000 | PA      | $4789084.05    | 0.03%             | 2030-05-01      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| ONTEX GROUP NV                                            | Ontex Group NV                                                                   | CUSIP: 000000000<br>LEI: 549300AQESC6JJOPW253 | Long             | DBT              | CORP              | BE        |      1802000 | PA      | $2131603.97    | 0.02%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2025-1                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       317000 | PA      | $415011.48     | 0.00%             | 2033-04-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                        | Morocco Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |       835000 | PA      | $994224.07     | 0.01%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                                  | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |     11700000 | PA      | $13676080.94   | 0.10%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       384000 | PA      | $459724.79     | 0.00%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAZA DEV LTD                                     | Central Plaza Development Ltd                                                    | CUSIP: 000000000<br>LEI: 254900HLDKFNM2WUVJ54 | Long             | DBT              | CORP              | VG        |       870000 | PA      | $885190.20     | 0.01%             | 2029-04-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2025-1                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       194000 | PA      | $254284.05     | 0.00%             | 2033-04-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2025-1                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |      1989000 | PA      | $2616588.45    | 0.02%             | 2033-04-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                            | Opal Bidco SAS                                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     11649000 | PA      | $13933317.85   | 0.10%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITYCON TREASURY BV                                       | Citycon Treasury BV                                                              | CUSIP: 000000000<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |      4075000 | PA      | $4696774.16    | 0.03%             | 2031-07-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Domivest B.V.                                             | Domi 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 72450072GIRER22FKI26 | Long             | ABS-O            | CORP              | NL        |      1514150 | PA      | $1746329.27    | 0.01%             | 2057-04-16      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2025-1 DAC                                                          | CUSIP: 000000000<br>LEI: 635400LLQ82YFJBFFU27 | Long             | ABS-MBS          | CORP              | GB        |       735368 | PA      | $967028.41     | 0.01%             | 2035-05-17      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                     | Philippine Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    814820000 | PA      | $14274527.67   | 0.10%             | 2035-04-28      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | Citigroup Inc                                                                    | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      2619000 | PA      | $3132081.63    | 0.02%             | 2036-04-29      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP SPA                                     | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |      4310000 | PA      | $5125664.25    | 0.04%             | 2031-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2025-1                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | DE        |       100000 | PA      | $115752.58     | 0.00%             | 2038-12-14      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2025-1                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | DE        |       100000 | PA      | $115696.56     | 0.00%             | 2038-12-14      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2025-1                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | DE        |       400000 | PA      | $461394.75     | 0.00%             | 2038-12-14      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| Quarzo Srl                                                | Quarzo Srl                                                                       | CUSIP: 000000000<br>LEI: 815600702F68B2ED0B22 | Long             | ABS-O            | CORP              | IT        |      1067000 | PA      | $1231589.60    | 0.01%             | 2042-03-15      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| TONGYANGLIFEINSURANCECO                                   | Tongyang Life Insurance Co Ltd                                                   | CUSIP: 000000000<br>LEI: 9884007L6E9UAWKGCX42 | Long             | DBT              | CORP              | KR        |      1500000 | PA      | $1563705.00    | 0.01%             | 2035-05-07      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FIN 2BV                                   | Wintershall Dea Finance 2 BV                                                     | CUSIP: 000000000<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |     10756000 | PA      | $12841872.96   | 0.09%             | 2030-05-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                              | Alphabet Inc                                                                     | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      4800000 | PA      | $5492140.32    | 0.04%             | 2045-05-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                              | Alphabet Inc                                                                     | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     10830000 | PA      | $12237455.85   | 0.09%             | 2054-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IPD 3 BV                                                  | IPD 3 BV                                                                         | CUSIP: 000000000<br>LEI: 724500RBP2J59JMQB629 | Long             | DBT              | CORP              | NL        |     10646000 | PA      | $12505093.31   | 0.09%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                  | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |      2500000 | PA      | $2940092.74    | 0.02%             | 2030-10-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| METRO Finance Trust                                       | Metro Finance 2025-1 Trust                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      4786290 | PA      | $3142536.35    | 0.02%             | 2031-10-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| METRO Finance Trust                                       | Metro Finance 2025-1 Trust                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |       510000 | PA      | $335865.32     | 0.00%             | 2031-10-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Asimi Funding Holdings Limited                            | Asimi Funding 2025-1 PLC                                                         | CUSIP: 000000000<br>LEI: 6354002PZBGQEXUI2V51 | Long             | ABS-O            | CORP              | GB        |       148342 | PA      | $195164.39     | 0.00%             | 2032-05-16      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Asimi Funding Holdings Limited                            | Asimi Funding 2025-1 PLC                                                         | CUSIP: 000000000<br>LEI: 6354002PZBGQEXUI2V51 | Long             | ABS-O            | CORP              | GB        |       362176 | PA      | $477362.97     | 0.00%             | 2032-05-16      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Asimi Funding Holdings Limited                            | Asimi Funding 2025-1 PLC                                                         | CUSIP: 000000000<br>LEI: 6354002PZBGQEXUI2V51 | Long             | ABS-O            | CORP              | GB        |       188584 | PA      | $248254.34     | 0.00%             | 2032-05-16      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Asimi Funding Holdings Limited                            | Asimi Funding 2025-1 PLC                                                         | CUSIP: 000000000<br>LEI: 6354002PZBGQEXUI2V51 | Long             | ABS-O            | CORP              | GB        |        78905 | PA      | $103861.96     | 0.00%             | 2032-05-16      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| WORLEY FIN SERV PTY LTD                                   | Worley Financial Services Pty Ltd                                                | CUSIP: 000000000<br>LEI: 549300XG4PYDO7ACB905 | Long             | DBT              | CORP              | AU        |      1500000 | PA      | $1012787.64    | 0.01%             | 2032-05-13      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 2025-Cre-1 PLC                              | CUSIP: 000000000<br>LEI: 635400IHLPBPFA2IVG30 | Long             | ABS-MBS          | CORP              | GB        |      1504579 | PA      | $1988317.79    | 0.01%             | 2057-01-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                  | Braccan Mortgage Funding 2025-1 PLC                                              | CUSIP: 000000000<br>LEI: 6354003DBF3NI8QJRR63 | Long             | ABS-MBS          | CORP              | GB        |       887999 | PA      | $1169013.41    | 0.01%             | 2067-05-17      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                  | Braccan Mortgage Funding 2025-1 PLC                                              | CUSIP: 000000000<br>LEI: 6354003DBF3NI8QJRR63 | Long             | ABS-MBS          | CORP              | GB        |       182000 | PA      | $239878.04     | 0.00%             | 2067-05-17      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                  | Braccan Mortgage Funding 2025-1 PLC                                              | CUSIP: 000000000<br>LEI: 6354003DBF3NI8QJRR63 | Long             | ABS-MBS          | CORP              | GB        |       104000 | PA      | $137089.56     | 0.00%             | 2067-05-17      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Castell                                                   | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |        99999 | PA      | $132979.48     | 0.00%             | 2062-01-27      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Castell                                                   | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |       120999 | PA      | $161030.27     | 0.00%             | 2062-01-27      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Castell                                                   | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |        99999 | PA      | $131959.02     | 0.00%             | 2062-01-27      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Castell                                                   | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |       703748 | PA      | $927934.12     | 0.01%             | 2062-01-27      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Castell                                                   | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |       117948 | PA      | $155069.17     | 0.00%             | 2062-01-27      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Castell                                                   | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |       133999 | PA      | $176333.24     | 0.00%             | 2062-01-27      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| CURRENTA GROUP HOLDINGS                                   | Currenta Group Holdings Sarl                                                     | CUSIP: 000000000<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |      2304000 | PA      | $2696380.92    | 0.02%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                                | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      4509000 | PA      | $5262197.16    | 0.04%             | 2032-05-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                                | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      7265000 | PA      | $8663858.06    | 0.06%             | 2030-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CURRENTA GROUP HOLDINGS                                   | Currenta Group Holdings Sarl                                                     | CUSIP: 000000000<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |      2354000 | PA      | $2724371.16    | 0.02%             | 2032-05-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                   | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11353000 | PA      | $13532783.17   | 0.10%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                                | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |     12848000 | PA      | $15381546.59   | 0.11%             | 2032-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                    | Volkswagen International Finance NV                                              | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      3200000 | PA      | $3813099.25    | 0.03%             | 2030-11-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                 | Ball Corp                                                                        | CUSIP: 000000000<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      5020000 | PA      | $5965918.36    | 0.04%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                    | Volkswagen International Finance NV                                              | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      7900000 | PA      | $9450920.38    | 0.07%             | 2033-11-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Santander Consumo 8 Fondo de Titulizacion                                        | CUSIP: 000000000<br>LEI: 529900MNYVA8N0FZJK96 | Long             | ABS-O            | CORP              | ES        |       600000 | PA      | $692422.71     | 0.01%             | 2040-01-21      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Santander Consumo 8 Fondo de Titulizacion                                        | CUSIP: 000000000<br>LEI: 529900MNYVA8N0FZJK96 | Long             | ABS-O            | CORP              | ES        |       200000 | PA      | $230752.70     | 0.00%             | 2040-01-21      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| Sage AR Funding                                           | Sage AR Funding                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       327244 | PA      | $430145.18     | 0.00%             | 2037-05-17      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Sage AR Funding                                           | Sage AR Funding                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       959397 | PA      | $1260315.93    | 0.01%             | 2037-05-17      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Sage AR Funding                                           | Sage AR Funding                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       378710 | PA      | $497049.85     | 0.00%             | 2037-05-17      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Santander Consumo 8 Fondo de Titulizacion                                        | CUSIP: 000000000<br>LEI: 529900MNYVA8N0FZJK96 | Long             | ABS-O            | CORP              | ES        |       100000 | PA      | $115376.81     | 0.00%             | 2040-01-21      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Santander Consumo 8 Fondo de Titulizacion                                        | CUSIP: 000000000<br>LEI: 529900MNYVA8N0FZJK96 | Long             | ABS-O            | CORP              | ES        |       400000 | PA      | $462718.46     | 0.00%             | 2040-01-21      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| BANCO DE SABADELL SA                                      | Banco de Sabadell SA                                                             | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |      1600000 | PA      | $1936027.92    | 0.01%             | 2031-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRYSMIAN SPA                                              | Prysmian SpA                                                                     | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | DBT              | CORP              | IT        |      6525000 | PA      | $7850365.48    | 0.06%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                  | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     11756000 | PA      | $14061400.22   | 0.10%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Resimac                                                   | RESIMAC Premier Series 2025-1                                                    | CUSIP: 000000000<br>LEI: 213800R628L75GZ2RD25 | Long             | ABS-MBS          | CORP              | AU        |      1375204 | PA      | $903088.90     | 0.01%             | 2056-09-12      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| AIR FRANCE-KLM                                            | Air France-KLM                                                                   | CUSIP: 000000000<br>LEI: 969500AQW31GYO8JZD66 | Long             | DBT              | CORP              | FR        |     11000000 | PA      | $13003002.39   | 0.09%             | 2030-05-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pierpont BTL                                              | Pierpont BTL 2025-1 PLC                                                          | CUSIP: 000000000<br>LEI: 635400SRTLDO3B8L9Y97 | Long             | ABS-MBS          | CORP              | GB        |       551940 | PA      | $725587.13     | 0.01%             | 2062-03-21      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Pierpont BTL                                              | Pierpont BTL 2025-1 PLC                                                          | CUSIP: 000000000<br>LEI: 635400SRTLDO3B8L9Y97 | Long             | ABS-MBS          | CORP              | GB        |       289000 | PA      | $380233.25     | 0.00%             | 2062-03-21      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Pierpont BTL                                              | Pierpont BTL 2025-1 PLC                                                          | CUSIP: 000000000<br>LEI: 635400SRTLDO3B8L9Y97 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131597.24     | 0.00%             | 2062-03-21      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2025-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       653000 | PA      | $753871.23     | 0.01%             | 2040-12-28      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2025-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       926000 | PA      | $1067567.42    | 0.01%             | 2040-12-28      | Floating      | 2.59%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2025-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       163000 | PA      | $187570.82     | 0.00%             | 2040-12-28      | Floating      | 3.11%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                  | Auto ABS Italian Stella Loans 2025-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       100000 | PA      | $115972.85     | 0.00%             | 2040-12-28      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| DUFRY ONE BV                                              | Dufry One BV                                                                     | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |      7310000 | PA      | $8660386.44    | 0.06%             | 2032-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                                      | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |      5473000 | PA      | $6434622.84    | 0.05%             | 2031-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| London Bridge Mortgages                                   | London Bridge Mortgages 2025-1 PLC                                               | CUSIP: 000000000<br>LEI: 63540064LX89RJMR9I46 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131594.74     | 0.00%             | 2067-03-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| London Bridge Mortgages                                   | London Bridge Mortgages 2025-1 PLC                                               | CUSIP: 000000000<br>LEI: 63540064LX89RJMR9I46 | Long             | ABS-MBS          | CORP              | GB        |       310000 | PA      | $407860.61     | 0.00%             | 2067-03-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                      | Flutter Treasury DAC                                                             | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |      3192000 | PA      | $4231152.46    | 0.03%             | 2031-06-04      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                      | Flutter Treasury DAC                                                             | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     10498000 | PA      | $12121168.75   | 0.09%             | 2031-06-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VANTAGE DATA CENTERS GERMANY BORROWER LUX S.A R.L.        | Vantage Data Centers Germany Borrower Lux Sarl                                   | CUSIP: 000000000<br>LEI: 2549008VW14T3IH21H24 | Long             | ABS-O            | CORP              | LU        |       597000 | PA      | $700722.15     | 0.01%             | 2050-06-28      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Silk Finance                                              | TAGUS - Sociedade de Titularizacao de Creditos SA/Silk Finance No 6              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       100000 | PA      | $115295.78     | 0.00%             | 2039-12-25      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Silk Finance                                              | TAGUS - Sociedade de Titularizacao de Creditos SA/Silk Finance No 6              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       300000 | PA      | $345704.42     | 0.00%             | 2039-12-25      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                      | Westpac Banking Corp                                                             | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      4000000 | PA      | $2659336.76    | 0.02%             | 2040-06-04      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                                      | Kyrgyz Republic International Bond                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |       612000 | PA      | $615060.00     | 0.00%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                            | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |       200000 | PA      | $243709.87     | 0.00%             | 2032-10-09      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ INT FINCE                                   | Mercedes-Benz International Finance BV                                           | CUSIP: 000000000<br>LEI: 529900RUGCXMPEENHQ31 | Long             | DBT              | CORP              | NL        |      4000000 | PA      | $4617514.52    | 0.03%             | 2028-09-05      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bletchley Park Funding                                    | Bletchley Park Funding 2025-1 PLC                                                | CUSIP: 000000000<br>LEI: 635400OJVL3HJJTKNB05 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131479.00     | 0.00%             | 2070-01-27      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Bletchley Park Funding                                    | Bletchley Park Funding 2025-1 PLC                                                | CUSIP: 000000000<br>LEI: 635400OJVL3HJJTKNB05 | Long             | ABS-MBS          | CORP              | GB        |       366000 | PA      | $481851.67     | 0.00%             | 2070-01-27      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Bletchley Park Funding                                    | Bletchley Park Funding 2025-1 PLC                                                | CUSIP: 000000000<br>LEI: 635400OJVL3HJJTKNB05 | Long             | ABS-MBS          | CORP              | GB        |       180000 | PA      | $236709.02     | 0.00%             | 2070-01-27      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Bletchley Park Funding                                    | Bletchley Park Funding 2025-1 PLC                                                | CUSIP: 000000000<br>LEI: 635400OJVL3HJJTKNB05 | Long             | ABS-MBS          | CORP              | GB        |       131000 | PA      | $173092.80     | 0.00%             | 2070-01-27      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| INFORMA PLC                                               | Informa PLC                                                                      | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | DBT              | CORP              | GB        |      5344000 | PA      | $6208836.30    | 0.05%             | 2031-06-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl 2025-1                                             | CUSIP: 000000000<br>LEI: 549300GESLGUWWGJRM09 | Long             | ABS-O            | CORP              | IT        |       478000 | PA      | $551984.37     | 0.00%             | 2044-12-20      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl 2025-1                                             | CUSIP: 000000000<br>LEI: 549300GESLGUWWGJRM09 | Long             | ABS-O            | CORP              | IT        |       165000 | PA      | $189908.06     | 0.00%             | 2044-12-20      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl 2025-1                                             | CUSIP: 000000000<br>LEI: 549300GESLGUWWGJRM09 | Long             | ABS-O            | CORP              | IT        |       100000 | PA      | $116081.43     | 0.00%             | 2044-12-20      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                             | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |      6649000 | PA      | $7792576.56    | 0.06%             | 2035-06-10      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                   | Nationwide Building Society                                                      | CUSIP: 000000000<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |       850000 | PA      | $1171162.65    | 0.01%             | 2031-12-20      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                      | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |      6200000 | PA      | $7311285.64    | 0.05%             | 2030-06-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                  | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     11859000 | PA      | $13942631.00   | 0.10%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Autonoria                                                 | AutoNoria Spain 2025 FT                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |       500000 | PA      | $575931.40     | 0.00%             | 2043-04-30      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| Autonoria                                                 | AutoNoria Spain 2025 FT                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |       100000 | PA      | $115185.01     | 0.00%             | 2043-04-30      | Floating      | 3.07%                 | No            |                  2 | On Loan: No      |
| Autonoria                                                 | AutoNoria Spain 2025 FT                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |       100000 | PA      | $114942.49     | 0.00%             | 2043-04-30      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2025 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MSBHAPT1EQBW93 | Long             | ABS-O            | CORP              | GB        |       106000 | PA      | $139025.33     | 0.00%             | 2033-04-21      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2025 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MSBHAPT1EQBW93 | Long             | ABS-O            | CORP              | GB        |       100000 | PA      | $131767.36     | 0.00%             | 2033-04-21      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2025 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MSBHAPT1EQBW93 | Long             | ABS-O            | CORP              | GB        |       100000 | PA      | $131261.19     | 0.00%             | 2033-04-21      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                             | Hermitage 2025 PLC                                                               | CUSIP: 000000000<br>LEI: 635400MSBHAPT1EQBW93 | Long             | ABS-O            | CORP              | GB        |       300000 | PA      | $393328.38     | 0.00%             | 2033-04-21      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Autonoria                                                 | AutoNoria Spain 2025 FT                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |       100000 | PA      | $115391.68     | 0.00%             | 2043-04-30      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| E-CARAT                                                   | ECARAT DE SA Compartment Lease 2025-1                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       200000 | PA      | $231233.82     | 0.00%             | 2034-05-25      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| E-CARAT                                                   | ECARAT DE SA Compartment Lease 2025-1                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       500000 | PA      | $576909.42     | 0.00%             | 2034-05-25      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                   | Oncor Electric Delivery Co LLC                                                   | CUSIP: 000000000<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |      4593000 | PA      | $5359278.27    | 0.04%             | 2034-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MEHILAINEN YHTIOT OY                                      | Mehilainen Yhtiot Oy                                                             | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |     17812000 | PA      | $20867638.19   | 0.15%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MEHILAINEN YHTIOT OY                                      | Mehilainen Yhtiot Oy                                                             | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |       896000 | PA      | $1038987.18    | 0.01%             | 2032-06-30      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    189599900 | PA      | $9609602.81    | 0.07%             | 2036-02-21      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MTR CORP CI LTD                                           | MTR Corp CI Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900SEVE6JAZLGDW04 | Long             | DBT              | CORP              | KY        |      3000000 | PA      | $3175650.00    | 0.02%             | 2035-09-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Household Capital                                         | Household Capital 2025-1 RMBS                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |       532380 | PA      | $347531.40     | 0.00%             | 2087-07-21      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                            | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |      6290000 | PA      | $7339383.06    | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                            | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |      5068000 | PA      | $5856238.78    | 0.04%             | 2032-07-01      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                              | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      3237000 | PA      | $3807355.79    | 0.03%             | 2030-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH & LOMB NL BV/INC                                   | Bausch + Lomb Netherlands BV and Bausch & Lomb Inc                               | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | XX        |      2246000 | PA      | $2620371.28    | 0.02%             | 2031-01-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                              | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      1615000 | PA      | $1898859.38    | 0.01%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                  | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |     13674000 | PA      | $16025157.87   | 0.12%             | 2031-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                                    | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |      7123000 | PA      | $8372805.68    | 0.06%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LUNA 2 5SARL                                              | Luna 2 5SARL                                                                     | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |      4115000 | PA      | $4802231.08    | 0.03%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                                   | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |      9904000 | PA      | $10016155.21   | 0.07%             | 2028-09-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2025-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400YFBIYXOQAEON61 | Long             | ABS-MBS          | CORP              | GB        |       100998 | PA      | $132668.83     | 0.00%             | 2095-03-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2025-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400YFBIYXOQAEON61 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131357.22     | 0.00%             | 2095-03-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2025-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400YFBIYXOQAEON61 | Long             | ABS-MBS          | CORP              | GB        |       239995 | PA      | $315012.41     | 0.00%             | 2095-03-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                        | Exmoor Funding 2025-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400YFBIYXOQAEON61 | Long             | ABS-MBS          | CORP              | GB        |       991000 | PA      | $1300716.39    | 0.01%             | 2095-03-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI S                                  | Banca Monte dei Paschi di Siena SpA                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |      8500000 | PA      | $10008642.57   | 0.07%             | 2035-10-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                                        | Czechoslovak Group AS                                                            | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |      8217000 | PA      | $9850178.55    | 0.07%             | 2031-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                       | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |     13859000 | PA      | $16337955.01   | 0.12%             | 2032-07-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Latitude Australia Credit Card Loan Note Trust            | Latitude Australia Credit Card Master Trust Series 2025-1                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |       500000 | PA      | $327967.86     | 0.00%             | 2037-11-23      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                       | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |       595000 | PA      | $690755.55     | 0.01%             | 2032-07-14      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Latitude Australia Credit Card Loan Note Trust            | Latitude Australia Credit Card Master Trust Series 2025-1                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      2663000 | PA      | $1746774.22    | 0.01%             | 2037-11-23      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                  | Development Bank of Kazakhstan JSC                                               | CUSIP: 000000000<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    328500000 | PA      | $599666.43     | 0.00%             | 2028-07-03      | Fixed         | 17.30%                | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                          | Maxam Prill Sarl                                                                 | CUSIP: 000000000<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |     22753000 | PA      | $26676309.62   | 0.19%             | 2030-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                   | Beach Acquisition Bidco LLC                                                      | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |      7356000 | PA      | $8714633.45    | 0.06%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TECHEM VERWALTUNGSGESELL                                  | Techem Verwaltungsgesellschaft 675 mbH                                           | CUSIP: 000000000<br>LEI: 529900N0M7FQHNAV1A41 | Long             | DBT              | CORP              | DE        |      7700000 | PA      | $8923238.46    | 0.06%             | 2032-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Hops Hill                                                 | Hops Hill NO 5 PLC                                                               | CUSIP: 000000000<br>LEI: 635400LDVC1LDKJUB342 | Long             | ABS-MBS          | CORP              | GB        |       249000 | PA      | $326299.32     | 0.00%             | 2056-06-21      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Hops Hill                                                 | Hops Hill NO 5 PLC                                                               | CUSIP: 000000000<br>LEI: 635400LDVC1LDKJUB342 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $130956.41     | 0.00%             | 2056-06-21      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Hops Hill                                                 | Hops Hill NO 5 PLC                                                               | CUSIP: 000000000<br>LEI: 635400LDVC1LDKJUB342 | Long             | ABS-MBS          | CORP              | GB        |       897000 | PA      | $1178115.21    | 0.01%             | 2056-06-21      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2025-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       152000 | PA      | $199173.16     | 0.00%             | 2033-07-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2025-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |       475000 | PA      | $622416.12     | 0.00%             | 2033-07-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                            | Newday Funding Master Issuer PLC - Series 2025-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |      1490000 | PA      | $1957997.75    | 0.01%             | 2033-07-15      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Arcano Euro CLO                                           | Arcano Euro Clo II DAC                                                           | CUSIP: 000000000<br>LEI: 635400HGPOTPFZDKOF20 | Long             | ABS-CBDO         | CORP              | IE        |      1000000 | PA      | $1154544.55    | 0.01%             | 2039-07-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Polaris                                                   | Polaris 2025-2 PLC                                                               | CUSIP: 000000000<br>LEI: 6354008SKUHLCPHT7N63 | Long             | ABS-MBS          | CORP              | GB        |       100000 | PA      | $131328.03     | 0.00%             | 2068-08-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Polaris                                                   | Polaris 2025-2 PLC                                                               | CUSIP: 000000000<br>LEI: 6354008SKUHLCPHT7N63 | Long             | ABS-MBS          | CORP              | GB        |       196000 | PA      | $257484.57     | 0.00%             | 2068-08-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                      | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |     14964000 | PA      | $15849379.34   | 0.12%             | 2031-07-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HIKMA FINANCE USA LLC                                     | Hikma Finance USA LLC                                                            | CUSIP: 000000000<br>LEI: 213800BU7YH2WTM1QL87 | Long             | DBT              | CORP              | US        |       737000 | PA      | $748515.63     | 0.01%             | 2030-07-08      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |       472000 | PA      | $481440.00     | 0.00%             | 2031-01-10      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |     13062000 | PA      | $15597655.04   | 0.11%             | 2029-10-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |     11664000 | PA      | $14326554.18   | 0.10%             | 2033-07-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |     10117000 | PA      | $12317542.71   | 0.09%             | 2031-07-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fulvia SPV SRL                                            | Fulvia Spv Srl                                                                   | CUSIP: 000000000<br>LEI: 815600283046823DB425 | Long             | ABS-O            | CORP              | IT        |       100000 | PA      | $114881.98     | 0.00%             | 2041-12-23      | Floating      | 3.17%                 | No            |                  2 | On Loan: No      |
| Fulvia SPV SRL                                            | Fulvia Spv Srl                                                                   | CUSIP: 000000000<br>LEI: 815600283046823DB425 | Long             | ABS-O            | CORP              | IT        |       717000 | PA      | $826613.73     | 0.01%             | 2041-12-23      | Floating      | 2.72%                 | No            |                  2 | On Loan: No      |
| Fulvia SPV SRL                                            | Fulvia Spv Srl                                                                   | CUSIP: 000000000<br>LEI: 815600283046823DB425 | Long             | ABS-O            | CORP              | IT        |       404000 | PA      | $465327.89     | 0.00%             | 2041-12-23      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| LENZING AG                                                | Lenzing AG                                                                       | CUSIP: 000000000<br>LEI: 529900BKFJBI0QRDJH63 | Long             | DBT              | CORP              | AT        |      4800000 | PA      | $5588047.48    | 0.04%             | 2028-04-09      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                     | Muangthai Capital PCL                                                            | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      1360000 | PA      | $1409368.00    | 0.01%             | 2030-07-21      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| SONA FIOS CLO                                             | Sona Fios CLO V DAC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |      1200000 | PA      | $1385855.55    | 0.01%             | 2038-08-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| PORT OF NEWCASTLE INVEST                                  | Port of Newcastle Investments Financing Pty Ltd                                  | CUSIP: 000000000<br>LEI: 549300VVWVQBDM9L8K30 | Long             | DBT              | CORP              | AU        |      1600000 | PA      | $1076140.23    | 0.01%             | 2033-07-18      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                                    | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |      2941000 | PA      | $3838264.96    | 0.03%             | 2031-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      8700000 | PA      | $10393157.14   | 0.08%             | 2033-07-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     13904000 | PA      | $16441173.18   | 0.12%             | 2029-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                                    | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |      8502000 | PA      | $9799576.98    | 0.07%             | 2031-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | FCT Noria 2025                                                                   | CUSIP: 000000000<br>LEI: 5493003C5ECZD3NDSV63 | Long             | ABS-O            | CORP              | FR        |       100000 | PA      | $115034.36     | 0.00%             | 2043-07-25      | Floating      | 3.02%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | FCT Noria 2025                                                                   | CUSIP: 000000000<br>LEI: 5493003C5ECZD3NDSV63 | Long             | ABS-O            | CORP              | FR        |       100000 | PA      | $114830.34     | 0.00%             | 2043-07-25      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | FCT Noria 2025                                                                   | CUSIP: 000000000<br>LEI: 5493003C5ECZD3NDSV63 | Long             | ABS-O            | CORP              | FR        |       100000 | PA      | $115663.59     | 0.00%             | 2043-07-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Noria                                                     | FCT Noria 2025                                                                   | CUSIP: 000000000<br>LEI: 5493003C5ECZD3NDSV63 | Long             | ABS-O            | CORP              | FR        |       300000 | PA      | $344769.74     | 0.00%             | 2043-07-25      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| First Mobility Sarl                                       | First Mobility Sarl - Compartment Swiss Lease 2025-1                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       300000 | PA      | $345795.36     | 0.00%             | 2032-10-14      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                 | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |     14781000 | PA      | $16983596.04   | 0.12%             | 2031-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                    | Froneri Lux FinCo SARL                                                           | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |      6493000 | PA      | $7628745.64    | 0.06%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                               | Taurus 2025-4 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ARN6VSOEBJXY74 | Long             | ABS-MBS          | CORP              | IE        |       100000 | PA      | $131200.89     | 0.00%             | 2035-08-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                               | Taurus 2025-4 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ARN6VSOEBJXY74 | Long             | ABS-MBS          | CORP              | IE        |       129000 | PA      | $169452.34     | 0.00%             | 2035-08-18      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                               | Taurus 2025-4 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ARN6VSOEBJXY74 | Long             | ABS-MBS          | CORP              | IE        |       782000 | PA      | $1024658.55    | 0.01%             | 2035-08-18      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                                        | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |      1414062 | PA      | $1424530.51    | 0.01%             | 2028-09-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| European Loan Conduit                                     | Lagarino European Loan Conduit No 40 DAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |      2070314 | PA      | $2392635.41    | 0.02%             | 2037-06-22      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                      | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |      2638000 | PA      | $3148319.36    | 0.02%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                      | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |      3553000 | PA      | $4796235.45    | 0.03%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                                        | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |       324894 | PA      | $319108.74     | 0.00%             | 2030-09-11      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                                        | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |      3351164 | PA      | $3894858.21    | 0.03%             | 2027-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                                        | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |       632348 | PA      | $676700.33     | 0.00%             | 2027-09-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INTRUM INV AND FIN                                        | Intrum Investments And Financing AB                                              | CUSIP: 000000000<br>LEI: 984500D7B1EFD7460452 | Long             | DBT              | CORP              | SE        |       790435 | PA      | $786094.34     | 0.01%             | 2029-09-11      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                   | National Australia Bank Ltd                                                      | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      3000000 | PA      | $1990517.88    | 0.01%             | 2040-07-30      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| European Loan Conduit                                     | Lagarino European Loan Conduit No 40 DAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |      1019330 | PA      | $1174647.78    | 0.01%             | 2037-06-22      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| European Loan Conduit                                     | Lagarino European Loan Conduit No 40 DAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |       359535 | PA      | $414313.54     | 0.00%             | 2037-06-22      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| European Loan Conduit                                     | Lagarino European Loan Conduit No 40 DAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |       565539 | PA      | $651697.47     | 0.00%             | 2037-06-22      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                  | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |      8629000 | PA      | $9849614.31    | 0.07%             | 2031-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ALEXANDRITE LAKE LUX HOL                                  | Alexandrite Lake Lux Holdings Sarl                                               | CUSIP: 000000000<br>LEI: 213800RY78YHYF5J8L55 | Long             | DBT              | CORP              | LU        |      6000000 | PA      | $7091495.06    | 0.05%             | 2030-07-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Sage AR Funding                                           | Sage AR Funding                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1891605 | PA      | $2497389.09    | 0.02%             | 2037-05-17      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| La Trobe Financial Capital Markets                        | La Trobe Financial Capital Markets Trust 2025-1                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |      1225807 | PA      | $801612.12     | 0.01%             | 2057-05-15      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Think Tank Commerical Trust                               | Think Tank Commercial Series 2025-3 Trust                                        | CUSIP: 000000000<br>LEI: 9845002A6BC1AY0V5B76 | Long             | ABS-MBS          | CORP              | AU        |      1555430 | PA      | $1019223.82    | 0.01%             | 2057-12-10      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| KEPPEL REIT                                               | Keppel REIT                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | SG        |      2750000 | PA      | $2147328.29    | 0.02%             | 2028-08-11      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                    | Commonwealth Bank of Australia                                                   | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      3575000 | PA      | $4144195.60    | 0.03%             | 2037-08-26      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| EQUINIX ASIA FIN CORP                                     | Equinix Asia Financing Corp Pte Ltd                                              | CUSIP: 000000000<br>LEI: 2549002E9B0F5FQ3X427 | Long             | DBT              |  | SG        |      3500000 | PA      | $2670847.42    | 0.02%             | 2032-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Resimac RAF Trust                                         | RAF ABS Series 2025-1                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      2074568 | PA      | $1357946.33    | 0.01%             | 2031-12-09      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Aurium CLO                                                | Aurium CLO VII DAC                                                               | CUSIP: 000000000<br>LEI: 549300V2IBKMYWMKX423 | Long             | ABS-CBDO         | CORP              | IE        |       720000 | PA      | $825583.31     | 0.01%             | 2038-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Cheshire                                                  | Cheshire 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 635400KAD9IOWKUKQR96 | Long             | ABS-MBS          | CORP              | GB        |      1838000 | PA      | $2412423.75    | 0.02%             | 2048-06-28      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Signal Harmonic CLO                                       | Signal Harmonic CLO I DAC                                                        | CUSIP: 000000000<br>LEI: 635400CPGNMPPUYRUY64 | Long             | ABS-CBDO         | CORP              | IE        |      1320000 | PA      | $1524657.32    | 0.01%             | 2038-07-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC Holdings PLC                                                                | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      2000000 | PA      | $1311662.05    | 0.01%             | 2036-08-28      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Cheshire                                                  | Cheshire 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 635400KAD9IOWKUKQR96 | Long             | ABS-MBS          | CORP              | GB        |       386000 | PA      | $506657.04     | 0.00%             | 2048-06-28      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| RevoCar                                                   | REVOCAR SA Compartment 2025-2                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       200000 | PA      | $229683.97     | 0.00%             | 2038-08-25      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| RevoCar                                                   | REVOCAR SA Compartment 2025-2                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       100000 | PA      | $114781.70     | 0.00%             | 2038-08-25      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| Cheshire                                                  | Cheshire 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 635400KAD9IOWKUKQR96 | Long             | ABS-MBS          | CORP              | GB        |       166000 | PA      | $217887.69     | 0.00%             | 2048-06-28      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                     | Schneider Electric SE                                                            | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | DBT              | CORP              | FR        |      3100000 | PA      | $3584810.52    | 0.03%             | 2032-03-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| E.ON INTL FINANCE BV                                      | E.ON International Finance BV                                                    | CUSIP: 000000000<br>LEI: 549300TG53AWJ719M814 | Long             | DBT              | CORP              | NL        |      2561000 | PA      | $2960019.91    | 0.02%             | 2035-09-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE LTD                                  | BHP Billiton Finance Ltd                                                         | CUSIP: 000000000<br>LEI: 549300KZMIS43NMT0A66 | Long             | DBT              | CORP              | AU        |      7127000 | PA      | $8224087.59    | 0.06%             | 2035-09-04      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2025-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400FJ7YX914D6HX74 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $115091.99     | 0.00%             | 2035-10-18      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2025-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400FJ7YX914D6HX74 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $114898.58     | 0.00%             | 2035-10-18      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Fortuna Consumer Loan ABS                                 | Fortuna Consumer Loan Abs 2025-2 DAC                                             | CUSIP: 000000000<br>LEI: 635400FJ7YX914D6HX74 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $115098.79     | 0.00%             | 2035-10-18      | Floating      | 3.33%                 | No            |                  2 | On Loan: No      |
| BBVA consumer auto                                        | Bbva Consumer Auto 2025-1 FT                                                     | CUSIP: 000000000<br>LEI: 959800MMSVSVXFLRQM04 | Long             | ABS-O            | CORP              | ES        |       100000 | PA      | $115467.07     | 0.00%             | 2042-05-19      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| BBVA consumer auto                                        | Bbva Consumer Auto 2025-1 FT                                                     | CUSIP: 000000000<br>LEI: 959800MMSVSVXFLRQM04 | Long             | ABS-O            | CORP              | ES        |       300000 | PA      | $345413.61     | 0.00%             | 2042-05-19      | Floating      | 2.98%                 | No            |                  2 | On Loan: No      |
| E-CARAT                                                   | ECARAT DE SA Compartment 2025-2                                                  | CUSIP: 000000000<br>LEI: 213800ETWMJRFLJ8U337 | Long             | ABS-O            | CORP              | LU        |       200000 | PA      | $229999.79     | 0.00%             | 2037-02-25      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| E-CARAT                                                   | ECARAT DE SA Compartment 2025-2                                                  | CUSIP: 000000000<br>LEI: 213800ETWMJRFLJ8U337 | Long             | ABS-O            | CORP              | LU        |       100000 | PA      | $115115.28     | 0.00%             | 2037-02-25      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                  | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |      6000000 | PA      | $6985770.44    | 0.05%             | 2032-01-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNIBAIL-RODAMCO-WESTFLD                                   | Unibail-Rodamco-Westfield SE                                                     | CUSIP: 000000000<br>LEI: 969500SHQITWXSIS7N89 | Long             | DBT              |  | FR        |     10800000 | PA      | $12765560.38   | 0.09%             | 2031-06-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sunrise Srl                                               | Sunrise Spv 97 Srl                                                               | CUSIP: 000000000<br>LEI: 815600D891F71DDF9E74 | Long             | ABS-O            | CORP              | IT        |       215000 | PA      | $246728.36     | 0.00%             | 2050-10-27      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| Sunrise Srl                                               | Sunrise Spv 97 Srl                                                               | CUSIP: 000000000<br>LEI: 815600D891F71DDF9E74 | Long             | ABS-O            | CORP              | IT        |       100000 | PA      | $114858.12     | 0.00%             | 2050-10-27      | Floating      | 3.48%                 | No            |                  2 | On Loan: No      |
| DOMETIC GROUP AB                                          | Dometic Group AB                                                                 | CUSIP: 000000000<br>LEI: 549300STIPMK5VSA7Y59 | Long             | DBT              | CORP              | SE        |      9243000 | PA      | $10790660.16   | 0.08%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOBHA SUKUK I HOLDING                                     | Sobha Sukuk I Holding Ltd                                                        | CUSIP: 000000000<br>LEI: 254900VZENPT8NAXW686 | Long             | DBT              | CORP              | AE        |       562000 | PA      | $563005.98     | 0.00%             | 2030-09-11      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                  | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |      2400000 | PA      | $2784684.51    | 0.02%             | 2037-09-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                         | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     10503000 | PA      | $12151682.12   | 0.09%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sunrise Srl                                               | Sunrise Spv 97 Srl                                                               | CUSIP: 000000000<br>LEI: 815600D891F71DDF9E74 | Long             | ABS-O            | CORP              | IT        |       669000 | PA      | $770043.32     | 0.01%             | 2050-10-27      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| SC Germany Leasing                                        | SC Germany SA Compartment Leasing 2025-1                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       200000 | PA      | $230391.92     | 0.00%             | 2036-09-14      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| SC Germany Leasing                                        | SC Germany SA Compartment Leasing 2025-1                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       100000 | PA      | $115046.46     | 0.00%             | 2036-09-14      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                   | VZ Secured Financing BV                                                          | CUSIP: 000000000<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |     17011000 | PA      | $19639528.77   | 0.14%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENCORE ISSUANCES SA                                       | Encore Issuances SA                                                              | CUSIP: 000000000<br>LEI: 529900AZGF6OODGSBY09 | Long             | DBT              | CORP              | LU        |       838526 | PA      | $866516.62     | 0.01%             | 2025-11-06      | Floating      | 12.05%                | No            |                  2 | On Loan: No      |
| Mila B.V.                                                 | Mila 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 72450098VTA940FX5997 | Long             | ABS-O            | CORP              | NL        |       100000 | PA      | $115115.16     | 0.00%             | 2042-10-12      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| Mila B.V.                                                 | Mila 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 72450098VTA940FX5997 | Long             | ABS-O            | CORP              | NL        |       100000 | PA      | $114806.83     | 0.00%             | 2042-10-12      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| Mila B.V.                                                 | Mila 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 72450098VTA940FX5997 | Long             | ABS-O            | CORP              | NL        |       100000 | PA      | $115046.00     | 0.00%             | 2042-10-12      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| NANSHAN LIFE PTE LTD                                      | Nanshan Life Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 2138006QCWSN6N7E1140 | Long             | DBT              | CORP              | SG        |      2995000 | PA      | $3056756.90    | 0.02%             | 2041-03-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Panorama Auto Trust                                       | Panorama Auto Trust 2025-3                                                       | CUSIP: 000000000<br>LEI: 9845007SF7637H412C03 | Long             | ABS-O            | CORP              | AU        |       500000 | PA      | $326309.21     | 0.00%             | 2033-09-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRST 1                                      | Scentre Group Trust 1                                                            | CUSIP: 000000000<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |     15480000 | PA      | $9971773.24    | 0.07%             | 2035-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Panorama Auto Trust                                       | Panorama Auto Trust 2025-3                                                       | CUSIP: 000000000<br>LEI: 9845007SF7637H412C03 | Long             | ABS-O            | CORP              | AU        |      2251000 | PA      | $1471754.05    | 0.01%             | 2033-09-15      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Panorama Auto Trust                                       | Panorama Auto Trust 2025-3                                                       | CUSIP: 000000000<br>LEI: 9845007SF7637H412C03 | Long             | ABS-O            | CORP              | AU        |       500000 | PA      | $326309.21     | 0.00%             | 2033-09-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Driver UK                                                 | Compartment Driver UK Ten                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | GB        |       500000 | PA      | $656521.40     | 0.00%             | 2033-04-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Secucor Finance                                           | Secucor Finance 2013-1 DAC                                                       | CUSIP: 000000000<br>LEI: 2138001E8BAK3OXZGG87 | Long             | ABS-O            | CORP              | IE        |       400000 | PA      | $458684.64     | 0.00%             | 2036-09-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Secucor Finance                                           | Secucor Finance 2013-1 DAC                                                       | CUSIP: 000000000<br>LEI: 2138001E8BAK3OXZGG87 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $115276.99     | 0.00%             | 2036-09-20      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Secucor Finance                                           | Secucor Finance 2013-1 DAC                                                       | CUSIP: 000000000<br>LEI: 2138001E8BAK3OXZGG87 | Long             | ABS-O            | CORP              | IE        |       100000 | PA      | $114677.38     | 0.00%             | 2036-09-20      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Mila B.V.                                                 | Mila 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 72450098VTA940FX5997 | Long             | ABS-O            | CORP              | NL        |       300000 | PA      | $344448.49     | 0.00%             | 2042-10-12      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                             | Medtronic Inc                                                                    | CUSIP: 000000000<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |      7200000 | PA      | $8308179.03    | 0.06%             | 2045-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                     | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |       329000 | PA      | $386002.36     | 0.00%             | 2038-03-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                      | Together Asset Backed Securitisation 14 2025-1ST1 PLC                            | CUSIP: 000000000<br>LEI: 213800ATT519H28VFU67 | Long             | ABS-MBS          | CORP              | GB        |       711000 | PA      | $934227.26     | 0.01%             | 2066-08-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                                       | Ithaca Energy North Sea PLC                                                      | CUSIP: 000000000<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |     11113000 | PA      | $13004423.34   | 0.09%             | 2031-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                             | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |      4400000 | PA      | $5081255.84    | 0.04%             | 2030-09-24      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Fondo de Titulizacion Santander Consumo 9                                        | CUSIP: 000000000<br>LEI: 959800RE2YA509E01X80 | Long             | ABS-O            | CORP              | ES        |       400000 | PA      | $460478.17     | 0.00%             | 2040-10-25      | Floating      | 3.02%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Fondo de Titulizacion Santander Consumo 9                                        | CUSIP: 000000000<br>LEI: 959800RE2YA509E01X80 | Long             | ABS-O            | CORP              | ES        |       200000 | PA      | $230530.01     | 0.00%             | 2040-10-25      | Floating      | 3.42%                 | No            |                  2 | On Loan: No      |
| Hambridge Euro CLO DAC                                    | Hambridge Euro Clo 1 DAC                                                         | CUSIP: 000000000<br>LEI: 635400P8G4JAUUUQGV26 | Long             | ABS-CBDO         | CORP              | IE        |      1440000 | PA      | $1659816.08    | 0.01%             | 2038-10-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                   | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |      3300000 | PA      | $3827822.90    | 0.03%             | 2032-10-24      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Secucor Finance                                           | Secucor Finance 2013-1 DAC                                                       | CUSIP: 000000000<br>LEI: 2138001E8BAK3OXZGG87 | Long             | ABS-O            | CORP              | IE        |       500000 | PA      | $579382.43     | 0.00%             | 2036-09-20      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Auto1 Car Funding                                         | Auto1 Car Funding Sarl Compartment FinanceHero 2                                 | CUSIP: 000000000<br>LEI: 984500380CAE46K6F380 | Long             | ABS-O            | CORP              | LU        |        97880 | PA      | $112640.14     | 0.00%             | 2035-07-16      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| Consumo Santander                                         | Fondo de Titulizacion Santander Consumo 9                                        | CUSIP: 000000000<br>LEI: 959800RE2YA509E01X80 | Long             | ABS-O            | CORP              | ES        |      1200000 | PA      | $1383029.86    | 0.01%             | 2040-10-25      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| AGL ENERGY LTD                                            | AGL Energy Ltd                                                                   | CUSIP: 000000000<br>LEI: 549300QAZ8A74DEDXO80 | Long             | DBT              | CORP              | AU        |      6090000 | PA      | $4001502.14    | 0.03%             | 2035-09-30      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Pepper Residential Securities Trust                       | Pepper Residential Securities Trust No. 41                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |       870000 | PA      | $569388.97     | 0.00%             | 2067-07-12      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Pepper Residential Securities Trust                       | Pepper Residential Securities Trust No. 41                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |      4490000 | PA      | $2938570.66    | 0.02%             | 2067-07-12      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Auto1 Car Funding                                         | Auto1 Car Funding Sarl Compartment FinanceHero 2                                 | CUSIP: 000000000<br>LEI: 984500380CAE46K6F380 | Long             | ABS-O            | CORP              | LU        |       195760 | PA      | $225035.25     | 0.00%             | 2035-07-16      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| Frontier Mortgage Funding                                 | Frontier Mortgage Funding 2025-1 PLC                                             | CUSIP: 000000000<br>LEI: 213800LC7EZKPEODCU70 | Long             | ABS-MBS          | CORP              | GB        |      1808000 | PA      | $2375168.97    | 0.02%             | 2066-12-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Frontier Mortgage Funding                                 | Frontier Mortgage Funding 2025-1 PLC                                             | CUSIP: 000000000<br>LEI: 213800LC7EZKPEODCU70 | Long             | ABS-MBS          | CORP              | GB        |       866000 | PA      | $1135616.11    | 0.01%             | 2066-12-20      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Secucor Finance                                           | Secucor Finance 2013-1 DAC                                                       | CUSIP: 000000000<br>LEI: 2138001E8BAK3OXZGG87 | Long             | ABS-O            | CORP              | IE        |       700000 | PA      | $806845.36     | 0.01%             | 2036-09-20      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| BRENNTAG FINANCE BV                                       | Brenntag Finance BV                                                              | CUSIP: 000000000<br>LEI: 724500LOJA6NM43PH951 | Long             | DBT              | CORP              | NL        |      3800000 | PA      | $4364427.85    | 0.03%             | 2031-10-02      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| RENAULT SA                                                | Renault SA                                                                       | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |      3800000 | PA      | $4399372.80    | 0.03%             | 2030-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                         | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |      4203000 | PA      | $4465539.28    | 0.03%             | 2031-03-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GESTAMP AUTOMOCION SA                                     | Gestamp Automocion SA                                                            | CUSIP: 000000000<br>LEI: 95980020140005484363 | Long             | DBT              | CORP              | ES        |      4424000 | PA      | $5190821.79    | 0.04%             | 2030-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DEEPOCEAN LTD                                             | Deepocean Ltd                                                                    | CUSIP: 000000000<br>LEI: 213800OYKN2J6ZFIFU40 | Long             | DBT              | CORP              | JE        |      9629000 | PA      | $11281609.70   | 0.08%             | 2031-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LENDLEASE ASIA TREASURY                                   | Lendlease Asia Treasury Pte Ltd                                                  | CUSIP: 000000000<br>LEI: 254900RDMI6PPK5EN222 | Long             | DBT              | CORP              | SG        |      3500000 | PA      | $2690342.66    | 0.02%             | 2030-09-30      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FTA Santander Consumer Spain                              | FT Santander Consumer Spain Auto 2025-1                                          | CUSIP: 000000000<br>LEI: 959800A0WHZF6A5Q2R29 | Long             | ABS-O            | CORP              | ES        |       100000 | PA      | $115564.81     | 0.00%             | 2043-09-17      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                                               | Heineken NV                                                                      | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |       370000 | PA      | $431692.54     | 0.00%             | 2034-05-03      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| SRC SUKUK LTD                                             | SRC Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900F2OG3526JLAV10 | Long             | DBT              | CORP              | KY        |       613000 | PA      | $612160.19     | 0.00%             | 2029-04-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                  | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      5927000 | PA      | $6763434.26    | 0.05%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |       758000 | PA      | $843368.90     | 0.01%             | 2032-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Jubilee Place                                             | Jubilee Place 8 BV                                                               | CUSIP: 000000000<br>LEI: 724500WEF7MLCPB49563 | Long             | ABS-MBS          | CORP              | NL        |       100000 | PA      | $114789.54     | 0.00%             | 2062-03-17      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| KAPLA HOLDING SAS                                         | Kapla Holding SAS                                                                | CUSIP: 000000000<br>LEI: 894500PJ28XTH66K4X83 | Long             | DBT              | CORP              | FR        |      2244000 | PA      | $2618201.76    | 0.02%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENCORE CAP FIN DAC                                      | Glencore Capital Finance DAC                                                     | CUSIP: 000000000<br>LEI: 213800HCUCI1HC7X6Q34 | Long             | DBT              | CORP              | IE        |       540000 | PA      | $625508.95     | 0.00%             | 2032-10-06      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     13300000 | PA      | $15205457.57   | 0.11%             | 2031-01-06      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |       693090 | PA      | $767493.84     | 0.01%             | 2032-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |       770100 | PA      | $849930.44     | 0.01%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |      1540200 | PA      | $1715254.60    | 0.01%             | 2031-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SAR                                  | ION Platform Finance SARL                                                        | CUSIP: 000000000<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |      9546000 | PA      | $10790063.21   | 0.08%             | 2032-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SAR                                  | ION Platform Finance SARL                                                        | CUSIP: 000000000<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     10710000 | PA      | $12121063.85   | 0.09%             | 2030-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GAMMA Sociedade de Titularizacao de Creditos              | GAMMA Sociedade de Titularizacao de Creditos SA Consumer Totta 3                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       200000 | PA      | $230534.62     | 0.00%             | 2035-10-25      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| GAMMA Sociedade de Titularizacao de Creditos              | GAMMA Sociedade de Titularizacao de Creditos SA Consumer Totta 3                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       200000 | PA      | $230533.70     | 0.00%             | 2035-10-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| GAMMA Sociedade de Titularizacao de Creditos              | GAMMA Sociedade de Titularizacao de Creditos SA Consumer Totta 3                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       300000 | PA      | $346590.35     | 0.00%             | 2035-10-25      | Floating      | 3.24%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                  | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |     14468000 | PA      | $16782850.65   | 0.12%             | 2032-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                        | Sunrise FinCo I BV                                                               | CUSIP: 000000000<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |      7166000 | PA      | $8371665.54    | 0.06%             | 2032-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                         | Republic of Kenya Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      1361000 | PA      | $1330377.50    | 0.01%             | 2033-10-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HILL FL                                                   | Hill FL 2025-1 BV                                                                | CUSIP: 000000000<br>LEI: 72450069R7MTUFTXDC59 | Long             | ABS-O            | CORP              | NL        |      1106000 | PA      | $1275595.86    | 0.01%             | 2032-10-18      | Floating      | 3.17%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       495000 | PA      | $565426.72     | 0.00%             | 2045-10-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILL FL                                                   | Hill FL 2025-1 BV                                                                | CUSIP: 000000000<br>LEI: 72450069R7MTUFTXDC59 | Long             | ABS-O            | CORP              | NL        |       842000 | PA      | $970530.38     | 0.01%             | 2032-10-18      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| HILL FL                                                   | Hill FL 2025-1 BV                                                                | CUSIP: 000000000<br>LEI: 72450069R7MTUFTXDC59 | Long             | ABS-O            | CORP              | NL        |      1877000 | PA      | $2163630.17    | 0.02%             | 2032-10-18      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl 2025-2                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |       210000 | PA      | $242055.06     | 0.00%             | 2044-12-22      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl 2025-2                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |       243000 | PA      | $280090.05     | 0.00%             | 2044-12-22      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Golden Bar Securitisation                                 | Golden Bar Securitisation Srl 2025-2                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |       293000 | PA      | $337721.74     | 0.00%             | 2044-12-22      | Floating      | 2.84%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SAR                                  | ION Platform Finance SARL                                                        | CUSIP: 000000000<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     14014000 | PA      | $16544540.89   | 0.12%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                        | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |       659000 | PA      | $642525.00     | 0.00%             | 2031-01-15      | Fixed         | 9.24%                 | No            |                  2 | On Loan: No      |
| Sapphire Trust                                            | SAPPHIRE XXXIII SERIES 2025-2 TRUST                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |      1450000 | PA      | $947349.79     | 0.01%             | 2067-02-12      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Sapphire Trust                                            | SAPPHIRE XXXIII SERIES 2025-2 TRUST                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |      4160000 | PA      | $2717913.88    | 0.02%             | 2067-02-12      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                                       | Sammaan Capital Ltd                                                              | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |      4745000 | PA      | $4787989.70    | 0.03%             | 2030-10-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 3              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |      2200000 | PA      | $2538112.37    | 0.02%             | 2043-10-27      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 3              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       300000 | PA      | $345798.82     | 0.00%             | 2043-10-27      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 3              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       100000 | PA      | $115267.31     | 0.00%             | 2043-10-27      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Vasco Finance                                             | TAGUS-Sociedade de Titularizacao de Creditos SA/Vasco Finance No. 3              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |       100000 | PA      | $115267.20     | 0.00%             | 2043-10-27      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                                       | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |      3107000 | PA      | $3620251.78    | 0.03%             | 2032-10-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                                       | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |      2226000 | PA      | $2620089.54    | 0.02%             | 2031-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PATRIC TERMINALS FINANCE                                  | Patrick Terminals Finance Pty Ltd                                                | CUSIP: 000000000<br>LEI: 9845009C9611092B6G88 | Long             | DBT              | CORP              | AU        |      6830000 | PA      | $4443128.05    | 0.03%             | 2035-10-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 213800PI5SCJ8WPLJX58 | Long             | ABS-MBS          | CORP              | GB        |       344000 | PA      | $451900.94     | 0.00%             | 2070-09-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 213800PI5SCJ8WPLJX58 | Long             | ABS-MBS          | CORP              | GB        |      2256000 | PA      | $2966379.68    | 0.02%             | 2070-09-22      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 213800PI5SCJ8WPLJX58 | Long             | ABS-MBS          | CORP              | GB        |       429000 | PA      | $563560.81     | 0.00%             | 2070-09-22      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 213800PI5SCJ8WPLJX58 | Long             | ABS-MBS          | CORP              | GB        |       353000 | PA      | $463721.61     | 0.00%             | 2070-09-22      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| NORTHUMBRIAN WATER FIN                                    | Northumbrian Water Finance PLC                                                   | CUSIP: 000000000<br>LEI: 213800JTFA6F3S7XX781 | Long             | DBT              | CORP              | GB        |       150000 | PA      | $198883.68     | 0.00%             | 2032-07-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| London Cards Plc                                          | London Cards No3 PLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | GB        |      1077000 | PA      | $1414858.77    | 0.01%             | 2035-12-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| London Cards Plc                                          | London Cards No3 PLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | GB        |      1030000 | PA      | $1353112.00    | 0.01%             | 2035-12-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| London Cards Plc                                          | London Cards No3 PLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | GB        |      1544000 | PA      | $2032408.97    | 0.01%             | 2035-12-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Morglas ABS 2025-1 PLC                                    | Morglas Abs 2025-1 PLC                                                           | CUSIP: 000000000<br>LEI: 213800H5DGC5P7QYOI11 | Long             | ABS-O            | CORP              | GB        |      2035000 | PA      | $2673378.80    | 0.02%             | 2040-09-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| GRUPPO SAN DONATO SPA                                     | Gruppo San Donato SPA                                                            | CUSIP: 000000000<br>LEI: 8156003649DB0704FC22 | Long             | DBT              | CORP              | IT        |      2644000 | PA      | $3131415.94    | 0.02%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC POWER CORP                                         | Public Power Corp SA                                                             | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | DBT              | CORP              | GR        |      4793000 | PA      | $5617221.74    | 0.04%             | 2030-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Meridian Funding 2025-1 PLC                               | Meridian Funding 2025-1 PLC                                                      | CUSIP: 000000000<br>LEI: 6354007VNVP2YBYBAX64 | Long             | ABS-MBS          | CORP              | GB        |       570000 | PA      | $747781.44     | 0.01%             | 2068-02-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                   | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     41504600 | PA      | $2272454.20    | 0.02%             | 2029-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                                    | Brazil Letras do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      7691000 | PA      | $1397337.68    | 0.01%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2025-2 DAC                                                          | CUSIP: 000000000<br>LEI: 635400CRV6HKMHJF8S64 | Long             | ABS-MBS          | CORP              | IE        |      1266000 | PA      | $1663125.46    | 0.01%             | 2035-08-17      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2025-2 DAC                                                          | CUSIP: 000000000<br>LEI: 635400CRV6HKMHJF8S64 | Long             | ABS-MBS          | CORP              | IE        |       525000 | PA      | $689684.74     | 0.01%             | 2035-08-17      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                          | Mortimer 2025-1 PLC                                                              | CUSIP: 000000000<br>LEI: 213800PI5SCJ8WPLJX58 | Long             | ABS-MBS          | CORP              | GB        |      1432000 | PA      | $1876935.31    | 0.01%             | 2070-09-22      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Meridian Funding 2025-1 PLC                               | Meridian Funding 2025-1 PLC                                                      | CUSIP: 000000000<br>LEI: 6354007VNVP2YBYBAX64 | Long             | ABS-MBS          | CORP              | GB        |       497000 | PA      | $652908.07     | 0.00%             | 2068-02-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Meridian Funding 2025-1 PLC                               | Meridian Funding 2025-1 PLC                                                      | CUSIP: 000000000<br>LEI: 6354007VNVP2YBYBAX64 | Long             | ABS-MBS          | CORP              | GB        |       559000 | PA      | $731413.33     | 0.01%             | 2068-02-20      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Meridian Funding 2025-1 PLC                               | Meridian Funding 2025-1 PLC                                                      | CUSIP: 000000000<br>LEI: 6354007VNVP2YBYBAX64 | Long             | ABS-MBS          | CORP              | GB        |       470000 | PA      | $617438.04     | 0.00%             | 2068-02-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Meridian Funding 2025-1 PLC                               | Meridian Funding 2025-1 PLC                                                      | CUSIP: 000000000<br>LEI: 6354007VNVP2YBYBAX64 | Long             | ABS-MBS          | CORP              | GB        |      2479000 | PA      | $3256658.84    | 0.02%             | 2068-02-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| SC Austria                                                | SC Austria Sarl                                                                  | CUSIP: 000000000<br>LEI: 81560007AFE688B7A894 | Long             | ABS-O            | CORP              | LU        |      3805000 | PA      | $4393724.47    | 0.03%             | 2041-07-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SC Austria                                                | SC Austria Sarl                                                                  | CUSIP: 000000000<br>LEI: 81560007AFE688B7A894 | Long             | ABS-O            | CORP              | LU        |      1321000 | PA      | $1527980.00    | 0.01%             | 2041-07-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SC Austria                                                | SC Austria Sarl                                                                  | CUSIP: 000000000<br>LEI: 81560007AFE688B7A894 | Long             | ABS-O            | CORP              | LU        |      1128000 | PA      | $1304739.93    | 0.01%             | 2041-07-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                             | UK Logistics 2025-2 DAC                                                          | CUSIP: 000000000<br>LEI: 635400CRV6HKMHJF8S64 | Long             | ABS-MBS          | CORP              | IE        |      2457000 | PA      | $3227727.77    | 0.02%             | 2035-08-17      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| CIFC European Funding                                     | CIFC European Funding CLO II DAC                                                 | CUSIP: 000000000<br>LEI: 549300NYQTL91Z5R9B69 | Long             | ABS-CBDO         | CORP              | IE        |      1440000 | PA      | $1659816.08    | 0.01%             | 2039-10-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Silver Point Euro CLO Designated Activity Company         | Silver Point Euro Clo 1 DAC                                                      | CUSIP: 000000000<br>LEI: 254900E59SU5T0V8CI79 | Long             | ABS-CBDO         | CORP              | IE        |      1257000 | PA      | $1448881.12    | 0.01%             | 2039-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hive BV                                                   | HIVE 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 724500W27MWLGM594D53 | Long             | ABS-O            | CORP              | NL        |       696000 | PA      | $802236.58     | 0.01%             | 2045-11-21      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hive BV                                                   | HIVE 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 724500W27MWLGM594D53 | Long             | ABS-O            | CORP              | NL        |      8863000 | PA      | $10215850.62   | 0.07%             | 2045-11-21      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMPOL LTD                                                 | Ampol Ltd                                                                        | CUSIP: 000000000<br>LEI: 5493009TD1CGVRZ27U11 | Long             | DBT              | CORP              | AU        |      2450000 | PA      | $1595388.43    | 0.01%             | 2055-10-30      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2025-2 PLC                                                         | CUSIP: 000000000<br>LEI: 213800W2FS9Z1VKVEA38 | Long             | ABS-MBS          | CORP              | GB        |       195000 | PA      | $256171.43     | 0.00%             | 2067-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2025-2 PLC                                                         | CUSIP: 000000000<br>LEI: 213800W2FS9Z1VKVEA38 | Long             | ABS-MBS          | CORP              | GB        |      5082000 | PA      | $6676971.38    | 0.05%             | 2067-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2025-2 PLC                                                         | CUSIP: 000000000<br>LEI: 213800W2FS9Z1VKVEA38 | Long             | ABS-MBS          | CORP              | GB        |       632000 | PA      | $830258.18     | 0.01%             | 2067-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN FINANCE SARL                                   | Aroundtown Finance Sarl                                                          | CUSIP: 000000000<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |     12975000 | PA      | $14686319.42   | 0.11%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2025-2 PLC                                                         | CUSIP: 000000000<br>LEI: 213800W2FS9Z1VKVEA38 | Long             | ABS-MBS          | CORP              | GB        |       499000 | PA      | $655536.13     | 0.00%             | 2067-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlas Funding                                             | Atlas Funding 2025-2 PLC                                                         | CUSIP: 000000000<br>LEI: 213800W2FS9Z1VKVEA38 | Long             | ABS-MBS          | CORP              | GB        |       683000 | PA      | $897256.86     | 0.01%             | 2067-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PEAK RE BVI HOLDING LTD                                   | Peak RE Bvi Holding Ltd                                                          | CUSIP: 000000000<br>LEI: 549300KB2UHI8ALPSD62 | Long             | DBT              | CORP              | VG        |      2250000 | PA      | $2268000.00    | 0.02%             | 2030-11-05      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                              | Energean PLC                                                                     | CUSIP: 000000000<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |      3625000 | PA      | $4196114.47    | 0.03%             | 2031-05-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                              | Energean PLC                                                                     | CUSIP: 000000000<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |       148000 | PA      | $171018.69     | 0.00%             | 2031-05-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2025-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |      3800000 | PA      | $4380070.22    | 0.03%             | 2038-12-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2025-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |      1200000 | PA      | $1383180.07    | 0.01%             | 2038-12-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                       | SC Germany SA Compartment Consumer 2025-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       800000 | PA      | $922120.05     | 0.01%             | 2038-12-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | 3 MONTH SOFR FUT DEC25                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |          167 | NC      | $97882.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BOBL FUTURE DEC25                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -1378 | NC      | $-433938.19    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                    | US 10YR NOTE (CBT)DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         1042 | NC      | $-809471.91    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division          | LONG GILT FUTURE DEC25                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         -168 | NC      | $-639153.02    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BUXL 30Y BND DEC25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -318 | NC      | $-819519.14    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                    | US 10YR ULTRA FUT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          352 | NC      | $26715.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BUND FUTURE DEC25                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          537 | NC      | $554583.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                         | EURO-SCHATZ FUT DEC25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -262 | NC      | $16962.59      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                    | US ULTRA BOND CBT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         2597 | NC      | $3984369.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                    | US LONG BOND(CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -1154 | NC      | $1054194.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                    | US 2YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -1116 | NC      | $56370.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                         | EURO-OAT FUTURE DEC25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          255 | NC      | $196615.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                    | US 5YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        20365 | NC      | $-1866442.44   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                    | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -34139 | NC      | $-938822.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                    | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -14500 | NC      | $-159500.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                    | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -31038 | NC      | $-372456.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                    | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -4150 | NC      | $-62250.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                    | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -16677 | NC      | $-800496.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                      | CUSIP: 000000000<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |       617000 | PA      | $864700.47     | 0.01%             | 2028-04-10      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                    | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    152848000 | PA      | $43092540.53   | 0.31%             | 2029-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     10200000 | PA      | $13990616.07   | 0.10%             | 2034-06-02      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                         | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       489000 | PA      | $110758.50     | 0.00%             | 2022-10-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                         | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      1674000 | PA      | $380835.00     | 0.00%             | 2026-11-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Telenet International Finance Sarl                        | Telenet International Finance Sarl 2020 EUR Term Loan AQ                         | CUSIP: 000000000<br>LEI: 213800UQWC6KB34WEQ10 | Long             | LON              | CORP              | LU        |      2000000 | PA      | $2299006.65    | 0.02%             | 2029-04-30      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| AI Monet Luxembourg ParentCo Sarl                         | AI Monet Luxembourg ParentCo Sarl EUR Term Loan B                                | CUSIP: 000000000<br>LEI: 254900ZBR0EYN4SVLE93 | Long             | LON              | CORP              | LU        |            0 | PA      | $0.00          | 0.00%             | 2031-03-06      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| AI Sirona (Luxembourg) Acquisition Sarl                   | AI Sirona (Luxembourg) Acquisition Sarl 2024 EUR Term Loan B                     | CUSIP: 000000000<br>LEI: 549300MQC452SFMN5167 | Long             | LON              | CORP              | LU        |      2000000 | PA      | $2302556.81    | 0.02%             | 2028-09-29      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Boluda Towage SL                                          | Boluda Towage SL 2024 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |      2000000 | PA      | $2320007.93    | 0.02%             | 2030-01-31      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Tele Columbus AG                                          | Tele Columbus AG 2024 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | LON              | CORP              | DE        |      2000000 | PA      | $1546856.38    | 0.01%             | 2029-01-01      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| Bellis Acquisition Company PLC                            | Bellis Acquisition Company PLC 2024 EUR Term Loan B                              | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2212880.63    | 0.02%             | 2031-05-14      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| QSRP Finco BV                                             | QSRP Finco BV EUR Term Loan B                                                    | CUSIP: 000000000<br>LEI: 894500AXJRZ3TICBD793 | Long             | LON              | CORP              | BE        |      2000000 | PA      | $2313230.35    | 0.02%             | 2031-06-19      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Europa University Education Group, S.L                    | Europa University Education Group SL 2024 EUR 1st Lien Term Loan B               | CUSIP: 000000000<br>LEI: 2549009PF73QPWLZWG67 | Long             | LON              | CORP              | ES        |      1483198 | PA      | $1719814.62    | 0.01%             | 2031-10-30      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| CD&R Firefly Bidco Limited                                | CD&R Firefly Bidco Limited 2024 EUR Term Loan B4                                 | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2292344.33    | 0.02%             | 2028-06-21      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| AERNNOVA AEROSPACE SAU                                    | Aernnova Aerospace SAU 2024 EUR Term Loan B                                      | CUSIP: 000000000<br>LEI: 95980020140005473208 | Long             | LON              | CORP              | ES        |      2000000 | PA      | $2288010.36    | 0.02%             | 2030-02-27      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Obol France 3 SAS                                         | Obol France 3 SAS 2024 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 969500K3AWY66FOPOS97 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2233628.32    | 0.02%             | 2028-12-31      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| RUBIX GROUP MIDCO 3 LIMITED                               | Rubix Group Midco 3 Limited 2024 EUR Term Loan                                   | CUSIP: 000000000<br>LEI: 213800ENCGCXQFBAPG24 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2316250.29    | 0.02%             | 2028-09-30      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Nobian Finance BV                                         | Nobian Finance BV 2024 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 254900ZGJ6MMZN9IQQ31 | Long             | LON              | CORP              | NL        |      1750000 | PA      | $1946033.50    | 0.01%             | 2029-07-02      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Synlab Bondco Plc                                         | Synlab Bondco Plc 2024 EUR Term Loan                                             | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | LON              | CORP              | LU        |            0 | PA      | $0.00          | 0.00%             | 2031-04-16      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| IFCO Management GmbH                                      | IFCO Management GmbH 2024 EUR 1st Lien Term Loan B                               | CUSIP: 000000000<br>LEI: 529900W6COKZG9FWRZ51 | Long             | LON              | CORP              | DE        |      3000000 | PA      | $3463759.53    | 0.03%             | 2029-11-29      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Athena Holdco S.A.S.                                      | Athena Holdco SAS 2024 EUR Term Loan B2                                          | CUSIP: 000000000<br>LEI: 2549000RJO0263KQGB75 | Long             | LON              | CORP              | FR        |            0 | PA      | $0.00          | 0.00%             | 2031-04-14      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Speedster Bidco GmbH                                      | Speedster Bidco GmbH 2024 EUR Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900LE837QB2YYV824 | Long             | LON              | CORP              | DE        |      2000000 | PA      | $2321160.58    | 0.02%             | 2031-12-10      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| LEASED AND TENANTED PUBS 1 LTD                            | Leased and Tenanted Pubs 1 LTD GBP 2nd Lien Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |      4612118 | PA      | $5937759.05    | 0.04%             | 2029-10-31      | Floating      | 13.84%                | No            |                  3 | On Loan: No      |
| Market Bidco Limited                                      | Market Bidco Limited 2024 EUR Term Loan B                                        | CUSIP: 000000000<br>LEI: 549300RKU7UEPSC42U63 | Long             | LON              | CORP              | GB        |      3000000 | PA      | $3411406.16    | 0.02%             | 2030-11-04      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| STAGE ENTERTAINMENT BV                                    | Stage Entertainment BV 2024 EUR Term Loan B                                      | CUSIP: 000000000<br>LEI: 213800LK9D4ZNEX9VB03 | Long             | LON              | CORP              | NL        |      2000000 | PA      | $2318555.59    | 0.02%             | 2029-06-02      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Quimper AB                                                | Quimper AB 2024 EUR Term Loan B                                                  | CUSIP: 000000000<br>LEI: 549300EI2YNCQDXVO313 | Long             | LON              | CORP              | SE        |      3000000 | PA      | $3462272.61    | 0.03%             | 2030-03-29      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| OCS Group Holdings Ltd                                    | OCS Group Holdings Ltd EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 54930002RKY3Y4LURL90 | Long             | LON              | CORP              | GB        |      2075471 | PA      | $2406238.83    | 0.02%             | 2031-11-28      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                                  | Cloud Software Group Inc 2024 EUR 1st Lien Term Loan B                           | CUSIP: 88632NBG4<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |      1491265 | PA      | $1728583.62    | 0.01%             | 2029-03-29      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Betclic Everest Group                                     | Betclic Everest Group EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 96950037FKVH5JOEKU82 | Long             | LON              | CORP              | FR        |      2590909 | PA      | $2996863.85    | 0.02%             | 2031-12-10      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Apave SA                                                  | Apave SA EUR Term Loan B                                                         | CUSIP: 000000000<br>LEI: 96950091VWAYXK8PF876 | Long             | LON              | CORP              | FR        |      1714286 | PA      | $1986464.27    | 0.01%             | 2031-12-09      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Matterhorn Telecom Holding SA                             | Matterhorn Telecom Holding SA EUR Term Loan B                                    | CUSIP: 000000000<br>LEI: 549300MTB0YI26SMUT22 | Long             | LON              | CORP              | LU        |      1361702 | PA      | $1572234.15    | 0.01%             | 2032-01-30      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Cegid Group SAS                                           | Cegid Group SAS 2025 EUR Term Loan B4                                            | CUSIP: 000000000<br>LEI: 2221001BVBGKKRMMGO11 | Long             | LON              | CORP              | LU        |      2000000 | PA      | $2310095.14    | 0.02%             | 2028-07-10      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Boels Topholding BV                                       | Boels Topholding BV 2025 EUR Term Loan B3                                        | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | LON              | CORP              | NL        |      2017241 | PA      | $2332451.19    | 0.02%             | 2031-05-23      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| TMF Group Holding B.V.                                    | TMF Group Holding BV 2025 EUR Term Loan B                                        | CUSIP: 000000000<br>LEI: 213800H27OKZZZ2CB779 | Long             | LON              | CORP              | NL        |      2000000 | PA      | $2319131.92    | 0.02%             | 2028-05-03      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Casper BidCo SAS                                          | Casper BidCo SAS 2025 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 969500OUD0VB2606MD53 | Long             | LON              | CORP              | FR        |            0 | PA      | $0.00          | 0.00%             | 2031-03-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Aviv Group GmbH                                           | Aviv Group GmbH EUR Term Loan B                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |      1719745 | PA      | $1991560.99    | 0.01%             | 2032-04-23      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Ramsay Generale de Sante SA                               | Ramsay Generale de Sante SA 2025 EUR Term Loan B4                                | CUSIP: 000000000<br>LEI: 969500I1EJGUAT223F44 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2310279.56    | 0.02%             | 2031-08-13      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Aenova Holding GmbH                                       | Aenova Holding GmbH 2025 EUR Repriced Term Loan B                                | CUSIP: 000000000<br>LEI: 529900MPQ4WWJFDTB881 | Long             | LON              | CORP              | DE        |      1000000 | PA      | $1156396.17    | 0.01%             | 2031-08-22      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Schoen Klinik SE                                          | Schoen Klinik SE 2025 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 5299005C8FSZLNO2KW98 | Long             | LON              | CORP              | DE        |      1000000 | PA      | $1155554.74    | 0.01%             | 2031-01-12      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Atos SE                                                   | Atos SE EUR Term Loan B                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | LON              | CORP              | FR        |      3000000 | PA      | $3659375.77    | 0.03%             | 2029-12-17      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Beauparc                                                  | Beauparc 2025 EUR Term Loan B                                                    | CUSIP: 000000000<br>LEI: 9845005DD58BDDC8D847 | Long             | LON              | CORP              | IE        |            0 | PA      | $0.00          | 0.00%             | 2028-08-24      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Ceva Sante Animale                                        | Ceva Sante Animale 2025 EUR Term Loan B                                          | CUSIP: 000000000<br>LEI: 969500FG3VYTO80D0A13 | Long             | LON              | CORP              | FR        |      4000000 | PA      | $4615902.42    | 0.03%             | 2030-11-08      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tackle SARL                                               | Tackle SARL 2025 EUR Repriced Term Loan B2                                       | CUSIP: 000000000<br>LEI: 222100DLH8KKOD63ZQ23 | Long             | LON              | CORP              | LU        |      3000000 | PA      | $3462618.41    | 0.03%             | 2028-05-22      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Areas Worldwide SA                                        | Areas Worldwide SA 2025 EUR Term Loan B                                          | CUSIP: 000000000<br>LEI: 5493003QHT6ZHQO67865 | Long             | LON              | CORP              | FR        |      3000000 | PA      | $3474686.65    | 0.03%             | 2029-12-31      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Upfield B.V.                                              | Upfield BV 2025 EUR Term Loan B13                                                | CUSIP: 000000000<br>LEI: 2549002VGA888UKFKS25 | Long             | LON              | CORP              | NL        |            0 | PA      | $0.00          | 0.00%             | 2027-12-31      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| MasOrange Finco Plc                                       | MasOrange Finco Plc 2025 EUR Term Loan B                                         | CUSIP: 000000000<br>LEI: 549300PONZMYNJTH6970 | Long             | LON              | CORP              | GB        |      3000000 | PA      | $3456324.94    | 0.03%             | 2031-03-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Odido Holding BV                                          | Odido Holding BV 2025 EUR Term Loan B2                                           | CUSIP: 000000000<br>LEI: 7245000O9YOLPPM9YB33 | Long             | LON              | CORP              | NL        |      2000000 | PA      | $2309057.75    | 0.02%             | 2029-03-30      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Edge Finco PLC                                            | Edge Finco PLC 2025 EUR Term Loan B                                              | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2311432.21    | 0.02%             | 2031-08-22      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Nobian Finance BV                                         | Nobian Finance BV 2025 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 254900ZGJ6MMZN9IQQ31 | Long             | LON              | CORP              | NL        |      1894737 | PA      | $2097527.23    | 0.02%             | 2030-07-01      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| CD&R Firefly Bidco Limited                                | CD&R Firefly Bidco Limited 2025 EUR Term Loan                                    | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | LON              | CORP              | GB        |      1000000 | PA      | $1159692.75    | 0.01%             | 2029-04-30      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Elsan SAS                                                 | Elsan SAS 2025 EUR Term Loan B                                                   | CUSIP: 000000000<br>LEI: 969500KPGB0PD8HGDD09 | Long             | LON              | CORP              | FR        |      3000000 | PA      | $3451068.85    | 0.03%             | 2031-06-16      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Mosel Bidco SE                                            | Mosel Bidco SE 2025 EUR Term Loan B                                              | CUSIP: 000000000<br>LEI: 984500Y5D569472B6455 | Long             | LON              | CORP              | DE        |      2000000 | PA      | $2310118.19    | 0.02%             | 2030-09-16      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| HBX Group International PLC                               | HBX Group International PLC EUR Term Loan B                                      | CUSIP: 000000000<br>LEI: 984500745985CA77CS69 | Long             | LON              | CORP              | GB        |      1000000 | PA      | $1158413.31    | 0.01%             | 2032-02-13      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Tarkett Participation                                     | Tarkett Participation 2025 EUR Term Loan B                                       | CUSIP: 000000000<br>LEI: 9695009BVDNB65W81L34 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2307905.10    | 0.02%             | 2031-04-22      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Gategroup Fin Luxembourg SA                               | Gategroup Fin Luxembourg SA EUR Term Loan B                                      | CUSIP: 000000000<br>LEI: 5299006HGCSTED8GE975 | Long             | LON              | CORP              | LU        |      2477876 | PA      | $2879344.20    | 0.02%             | 2032-06-16      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Artemis Bidco SAS                                         | Artemis Bidco SAS EUR Term Loan B                                                | CUSIP: 000000000<br>LEI: 636700R5GUXSGSLJT555 | Long             | LON              | CORP              | FR        |      1653543 | PA      | $1919069.42    | 0.01%             | 2032-08-07      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Siaci Saint Honore                                        | Siaci Saint Honore 2025 EUR Unitranche Term Loan                                 | CUSIP: 000000000<br>LEI: 969500NM0252PENX2L59 | Long             | LON              | CORP              | FR        |      1571894 | PA      | $1812822.10    | 0.01%             | 2032-07-26      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| SIACI SAINT HONORE                                        | SIACI SAINT HONORE 2025 EUR DELAYED DRAW Term Loan                               | CUSIP: 000000000<br>LEI: 969500NM0252PENX2L59 | Long             | LON              | CORP              | FR        |       374260 | PA      | $431623.76     | 0.00%             | 2032-07-26      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Prosol SAS                                                | Prosol SAS 2025 EUR Fungible Term Loan B                                         | CUSIP: 000000000<br>LEI: 969500SQUKFRVADD6263 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2316826.62    | 0.02%             | 2031-07-12      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Mehilainen Yhtiot Oy                                      | Mehilainen Yhtiot Oy 2025 EUR Term Loan B1                                       | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | LON              | CORP              | FI        |      2000000 | PA      | $2320538.15    | 0.02%             | 2031-08-05      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Hestiafloor 2                                             | Hestiafloor 2 2025 EUR Term Loan B                                               | CUSIP: 000000000<br>LEI: 969500P2FDMGGWHDLV86 | Long             | LON              | CORP              | FR        |      3000000 | PA      | $3472646.46    | 0.03%             | 2030-02-27      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Talbot Participation SAS                                  | Talbot Participation SAS EUR Term Loan B                                         | CUSIP: 000000000<br>LEI: 213800YELAANTUZKN615 | Long             | LON              | CORP              | FR        |      1000000 | PA      | $1159346.95    | 0.01%             | 2032-07-07      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BCP V Modular Services Holdings IV Limited                | BCP V Modular Services Holdings IV Limited 2025 EUR Term Loan                    | CUSIP: 000000000<br>LEI: 549300C6IE8LNURFZG55 | Long             | LON              | CORP              | GB        |      2500000 | PA      | $2616890.24    | 0.02%             | 2031-07-10      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Nidda Healthcare Holding AG                               | Nidda Healthcare Holding AG 2025 EUR Term Loan B                                 | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | LON              | CORP              | DE        |      2000000 | PA      | $2311293.90    | 0.02%             | 2030-02-21      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Cooper Consumer Health                                    | Cooper Consumer Health 2025 EUR Term Loan B4                                     | CUSIP: 000000000<br>LEI: 969500PBV3M3GSI8NZ84 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2321345.00    | 0.02%             | 2028-11-06      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Vivalto Sante SAS                                         | Vivalto Sante SAS 2025 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 969500LFM6S869DF2T62 | Long             | LON              | CORP              | FR        |      4000000 | PA      | $4625953.53    | 0.03%             | 2031-07-21      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lernen Bidco Limited                                      | Lernen Bidco Limited 2025 EUR Term Loan B3A                                      | CUSIP: 000000000<br>LEI: 894500YKKF2CXAP6DR25 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2318278.96    | 0.02%             | 2029-04-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Restaurant Brands International Inc.                      | Restaurant Brands International Inc 2025 EUR Term Loan B                         | CUSIP: 000000000<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | LON              | CORP              | GB        |      1500000 | PA      | $1735994.73    | 0.01%             | 2031-10-31      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Trevise Holdings 1 SAS                                    | Trevise Holdings 1 SAS 2025 EUR Term Loan B                                      | CUSIP: 000000000<br>LEI: 96950002G854EUTZO904 | Long             | LON              | CORP              | FR        |      1000000 | PA      | $1157986.83    | 0.01%             | 2029-07-09      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd                                     | Boots Group Bidco Ltd EUR Term Loan                                              | CUSIP: 000000000<br>LEI: 254900Q2CMXV6QWMW891 | Long             | LON              | CORP              | GB        |      3200000 | PA      | $3711902.03    | 0.03%             | 2032-08-30      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| AREAS WORLDWIDE SA                                        | AREAS WORLDWIDE SA 2025 EUR Add-On TERM LOAN B                                   | CUSIP: 000000000<br>LEI: 5493003QHT6ZHQO67865 | Long             | LON              | CORP              | FR        |      1133334 | PA      | $1312869.19    | 0.01%             | 2029-12-31      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Holding Socotec                                           | Holding Socotec 2025 EUR Term Loan B1                                            | CUSIP: 000000000<br>LEI: 969500TSHWNDZONA3M83 | Long             | LON              | CORP              | FR        |      2937500 | PA      | $3405378.53    | 0.02%             | 2031-06-02      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| ZEGONA COMMUNICATIONS PLC                                 | Zegona Communications PLC 2025 EUR Fungible Add On Term Loan B                   | CUSIP: 000000000<br>LEI: 213800UXDFOAHVOOVX08 | Long             | LON              | CORP              | GB        |      1500000 | PA      | $1735458.74    | 0.01%             | 2029-07-17      | Floating      | 4.83%                 | No            |                  3 | On Loan: No      |
| Eagle Bidco Limited                                       | Eagle Bidco Limited 2025 EUR Term Loan B                                         | CUSIP: 000000000<br>LEI: 213800YANPDABTN5JJ43 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2318140.64    | 0.02%             | 2032-02-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Dorna Sports SL                                           | Dorna Sports SL 2025 EUR Term Loan B                                             | CUSIP: 000000000<br>LEI: 95980020140005602218 | Long             | LON              | CORP              | ES        |      1750000 | PA      | $2023088.16    | 0.01%             | 2032-08-18      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| HomeVi S.a.S.                                             | HomeVi SaS 2025 EUR Term Loan B                                                  | CUSIP: 000000000<br>LEI: 9695001URJB6VUATPK20 | Long             | LON              | CORP              | FR        |      1000000 | PA      | $1153249.44    | 0.01%             | 2029-10-31      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Indy US Bidco LLC                                         | Indy US Bidco LLC 2025 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      1767844 | PA      | $2039397.26    | 0.01%             | 2030-10-31      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Techem Verwaltungsgesellschaft 675 mbH                    | Techem Verwaltungsgesellschaft 675 mbH 2025 EUR Term Loan B                      | CUSIP: 000000000<br>LEI: 529900N0M7FQHNAV1A41 | Long             | LON              | CORP              | DE        |      2000000 | PA      | $2315259.01    | 0.02%             | 2032-07-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Parts Europe SA                                           | Parts Europe SA 2025 EUR Repriced Term Loan B                                    | CUSIP: 000000000<br>LEI: 969500DL3O9K7T2M4M15 | Long             | LON              | CORP              | FR        |      3000000 | PA      | $3478110.02    | 0.03%             | 2031-02-03      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| AI SIRONA LUXEMBOURG ACQ SARL                             | AI SIRONA LUXEMBOURG ACQ SARL 2025 EUR 1st LIEN TERM LOAN B                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |      2678571 | PA      | $3079736.38    | 0.02%             | 2032-10-07      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| AMBER FINCO PLC                                           | AMBER FINCO PLC 2025 EUR FUNGIBLE Add-On TLB                                     | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | LON              | CORP              | GB        |      1400000 | PA      | $1623795.77    | 0.01%             | 2029-06-11      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                                       | VERISURE HOLDING AB 2025 EUR TERM LOAN B                                         | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | LON              | CORP              | SE        |      3100000 | PA      | $3571928.82    | 0.03%             | 2032-10-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| NOMAD FOODS EUROPE MIDCO LTD                              | NOMAD FOODS EUROPE MIDCO LTD 2025 EUR TERM LOAN B                                | CUSIP: 000000000<br>LEI: 213800FGWQXPVI86SE26 | Long             | LON              | CORP              | GB        |      1000000 | PA      | $1152650.06    | 0.01%             | 2032-10-27      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| OCS GROUP HOLDINGS LTD                                    | OCS GROUP HOLDINGS LTD 2025 GBP Add-On TERM LOAN                                 | CUSIP: 000000000<br>LEI: 54930002RKY3Y4LURL90 | Long             | LON              | CORP              | GB        |      1000000 | PA      | $1310415.40    | 0.01%             | 2031-11-28      | Floating      | 9.72%                 | No            |                  3 | On Loan: No      |
| Egypt Government International Bonds                      | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       635000 | PA      | $585590.65     | 0.00%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                 | CUSIP: 000000000<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     15931000 | PA      | $18056135.08   | 0.13%             | 2027-02-02      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                    | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |       441000 | PA      | $448497.00     | 0.00%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                   | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |      6700000 | PA      | $6970235.20    | 0.05%             | 2032-09-21      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE                                  | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |     10600000 | PA      | $10544145.95   | 0.08%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                   | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      2086000 | PA      | $2081828.00    | 0.02%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      1425000 | PA      | $1424259.00    | 0.01%             | 2025-11-21      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |       970000 | PA      | $1238258.60    | 0.01%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RTE RESEAU DE TRANSPORT                                   | RTE Reseau de Transport d'Electricite SADIR                                      | CUSIP: 000000000<br>LEI: 969500JRJW0K2ET1UP76 | Long             | DBT              | CORP              | FR        |      7500000 | PA      | $4510934.13    | 0.03%             | 2049-09-09      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                               | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |      5400000 | PA      | $5851971.70    | 0.04%             | 2028-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                    | BP Capital Markets PLC                                                           | CUSIP: 000000000<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |      6034000 | PA      | $6961767.34    | 0.05%             | 2026-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                       | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |      2100000 | PA      | $2401082.14    | 0.02%             | 2027-07-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                                      | Heimstaden Bostad AB                                                             | CUSIP: 000000000<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |       550000 | PA      | $615302.67     | 0.00%             | 2027-02-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| WEPA HYGIENEPRODUKTE GMB                                  | WEPA Hygieneprodukte GmbH                                                        | CUSIP: 000000000<br>LEI: 529900KQ44OJDIDU6J81 | Long             | DBT              | CORP              | DE        |      1000000 | PA      | $1150011.31    | 0.01%             | 2027-12-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CELLNEX TELECOM SA                                        | Cellnex Telecom SA                                                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | DBT              | CORP              | ES        |      4400000 | PA      | $4586774.49    | 0.03%             | 2031-11-20      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| TELEFONICA EUROPE BV                                      | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      2500000 | PA      | $2846555.82    | 0.02%             | 2027-02-05      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                      | Booking Holdings Inc                                                             | CUSIP: 000000000<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |      2500000 | PA      | $3034359.73    | 0.02%             | 2033-05-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                      | CUSIP: 000000000<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      1595000 | PA      | $1982660.01    | 0.01%             | 2027-12-07      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                    | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     35629000 | PA      | $41532656.05   | 0.30%             | 2030-01-31      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                      | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |      4000000 | PA      | $4840859.65    | 0.04%             | 2028-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                      | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |      9176000 | PA      | $11086825.64   | 0.08%             | 2028-11-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                        | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |       790000 | PA      | $881711.97     | 0.01%             | 2080-08-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                                   | Hungary Government Bond                                                          | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   2868120000 | PA      | $8629692.03    | 0.06%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC Holdings PLC                                                                | CUSIP: 404280CR8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      4830000 | PA      | $6230134.84    | 0.05%             | 2027-07-24      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR                                  | Motability Operations Group PLC                                                  | CUSIP: 000000000<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |      5596000 | PA      | $6542826.00    | 0.05%             | 2034-01-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COFIROUTE SA                                              | Cofiroute SA                                                                     | CUSIP: 000000000<br>LEI: 213800CP8292W9E8LJ69 | Long             | DBT              | CORP              | FR        |      7000000 | PA      | $7263718.96    | 0.05%             | 2031-05-19      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                              | ams-OSRAM AG                                                                     | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |      1100000 | PA      | $1210859.00    | 0.01%             | 2027-11-03      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| COMMERZBANK AG                                            | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |      5000000 | PA      | $6157963.77    | 0.04%             | 2029-10-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PREMIER FOODS FINANCE                                     | Premier Foods Finance PLC                                                        | CUSIP: 000000000<br>LEI: 2138003G41QDLK9DB177 | Long             | DBT              | CORP              | GB        |      1028000 | PA      | $1337578.83    | 0.01%             | 2026-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MONTENEGRO                                    | Montenegro Government International Bond                                         | CUSIP: 000000000<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |       406000 | PA      | $461395.02     | 0.00%             | 2027-12-16      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      6949000 | PA      | $8653106.63    | 0.06%             | 2032-03-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRACKEN MIDCO ONE                                         | Bracken MidCo1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800AFGHKES7J58805 | Long             | DBT              | CORP              | GB        |      3326000 | PA      | $4313867.33    | 0.03%             | 2027-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GATWICK AIRPORT FINANCE                                   | Gatwick Airport Finance PLC                                                      | CUSIP: 000000000<br>LEI: 213800BDRHDHRGTQ1D63 | Long             | DBT              | CORP              | GB        |      7292000 | PA      | $9517675.72    | 0.07%             | 2026-04-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     10413000 | PA      | $14447440.43   | 0.11%             | 2031-01-31      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                          | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      7400000 | PA      | $8468538.42    | 0.06%             | 2027-10-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      2588000 | PA      | $2859840.85    | 0.02%             | 2032-07-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                            | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |            0 | PA      | $0.00          | 0.00%             | 2033-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                       | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |     10000000 | PA      | $11688353.85   | 0.08%             | 2028-12-08      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                      | French Republic Government Bonds OAT                                             | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     41592367 | PA      | $47338340.85   | 0.34%             | 2035-05-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | Morgan Stanley                                                                   | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     22227000 | PA      | $26795426.76   | 0.19%             | 2029-03-02      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC Holdings PLC                                                                | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      2870000 | PA      | $3373283.91    | 0.02%             | 2030-09-25      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 4.169300 23-OCT-2026 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      1786400 | OU      | $9002.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 4.198500 23-OCT-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |       930000 | OU      | $14206.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 4.212000 27-OCT-2026 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      3654800 | OU      | $20364.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 3.952300 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |       478575 | OU      | $5163.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 3.922300 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |       478575 | OU      | $4887.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 3.987300 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |       957150 | OU      | $10971.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 3.844800 17-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      2225600 | OU      | $20103.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 3.876800 01-APR-2031 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     20000000 | OU      | $387388.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: INR 6.440500 18-SEP-2034 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    379218960 | OU      | $174050.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                     | Philippine Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    457540000 | PA      | $7935387.95    | 0.06%             | 2029-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     15219000 | PA      | $20378363.94   | 0.15%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ATOS SE                                                   | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |      6457134 | PA      | $7283423.96    | 0.05%             | 2030-12-18      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                                  | Spain Government Bond                                                            | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     16842000 | PA      | $20038844.03   | 0.15%             | 2034-10-31      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                               | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |      2737000 | PA      | $3378644.85    | 0.02%             | 2029-04-13      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ATOS SE                                                   | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |     15695601 | PA      | $20679606.78   | 0.15%             | 2029-12-18      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VONOVIA SE                                                | Vonovia SE                                                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | DBT              | CORP              | DE        |      8000000 | PA      | $9126088.85    | 0.07%             | 2032-05-20      | Fixed         | 0.88%                 | No            |                  1 | On Loan: No      |
| POLAND GOVERNMENT BOND                                    | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     52071000 | PA      | $13742556.33   | 0.10%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      1511000 | PA      | $1534322.29    | 0.01%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.796300 05-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     40191969 | OU      | $355.72        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 7.245000 25-SEP-2026 IBR                                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   1912725939 | OU      | $8531.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 3.430000 03-OCT-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    160000000 | OU      | $440391.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 6.123000 18-DEC-2029 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    560722205 | OU      | $133077.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 6.116000 18-DEC-2029 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    560722205 | OU      | $131318.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 9.255000 18-NOV-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     62232445 | OU      | $78837.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 9.040000 14-NOV-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    129270327 | OU      | $455452.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                        | SWP: OIS 13.417500 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |      2102903 | OU      | $-3653.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 14.030000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      8079225 | OU      | $49376.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.940000 19-MAR-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      8371248 | OU      | $140450.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 3.700000 06-JAN-2035 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     34657000 | OU      | $-25678.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.415794 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      1418429 | OU      | $29391.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.433293 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      2860949 | OU      | $61868.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.500000 19-MAR-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    817825994 | OU      | $79226.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 8.650000 07-FEB-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     41508685 | OU      | $-118832.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                        | SWP: OIS 14.580000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |      2841089 | OU      | $4555.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.550000 19-MAR-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    336356950 | OU      | $42373.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 8.470000 25-FEB-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    338686018 | OU      | $87472.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 3.920000 26-FEB-2030 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    100000000 | OU      | $1857504.19    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                        | SWP: OIS 8.644400 04-APR-2030 IBR                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |  19249255597 | OU      | $91555.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 14.785000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     19178495 | OU      | $1510.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 13.330000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      8079225 | OU      | $3812.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 8.070000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   1912725939 | OU      | $5852.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.730000 11-MAY-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    232698379 | OU      | $43321.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 3.970000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     35824884 | OU      | $10401.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.627079 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      4279378 | OU      | $103649.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.205000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     25717710 | OU      | $-38559.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.305300 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     12858092 | OU      | $-1029.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.047300 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     17911382 | OU      | $-1918.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.182065 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      1424368 | OU      | $-370.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.182703 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |       715195 | OU      | $-13.04        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 13.425000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      4039374 | OU      | $4950.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 14.740000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      9588680 | OU      | $1330.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 8.400000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |    956306318 | OU      | $2158.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 8.575000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  19070979428 | OU      | $119011.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.664700 01-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    116342298 | OU      | $22270.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.200000 04-JUN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     17390477 | OU      | $-82498.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.822500 07-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     49435000 | OU      | $59808.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 13.340000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     25866000 | OU      | $20451.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.790000 25-FEB-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    135515323 | OU      | $15795.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.720000 01-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     46550975 | OU      | $9756.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.820000 27-MAY-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      8914366 | OU      | $-10774.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                        | SWP: OIS 13.420000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     18431094 | OU      | $23933.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                        | SWP: OIS 14.865000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     19184058 | OU      | $533.43        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.780000 14-DEC-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     13457190 | OU      | $-15007.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.815500 06-MAY-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     16608488 | OU      | $-19854.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.772500 14-NOV-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     11014576 | OU      | $12102.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.823000 07-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     19779973 | OU      | $23951.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.6245 18-NOV-2026 TII                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     24900496 | OU      | $8649.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.734500 11-MAY-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     93107463 | OU      | $17454.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.214801 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      4280615 | OU      | $969.98        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.330000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     16603167 | OU      | $57512.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 8.610000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   1913280944 | OU      | $3342.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.208070 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      1073933 | OU      | $-730.30       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 14.200000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      1954893 | OU      | $527.63        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 13.310000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      4624070 | OU      | $3012.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.226000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      4165473 | OU      | $9190.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.690000 26-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     31945028 | OU      | $7290.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 8.690000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |    480012126 | OU      | $745.13        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.730000 24-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     47541000 | OU      | $47256.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.690000 30-JUL-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    312988000 | OU      | $288856.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 13.335000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      9232778 | OU      | $10081.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | SWP: OIS 14.170000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      3903290 | OU      | $1253.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.490000 04-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     63783900 | OU      | $11955.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.670000 30-JUL-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     35820439 | OU      | $31497.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.293191 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      2144311 | OU      | $2666.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CZK 3.808000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     69380904 | OU      | $-9035.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.269700 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    168541811 | OU      | $-427.46       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.220000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     12886639 | OU      | $839.18        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.030000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     17951140 | OU      | $-325.65       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 8.635000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |    958429133 | OU      | $1615.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                        | FSWP: OIS 8.670000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  19113313289 | OU      | $100303.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.310000 26-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     75921721 | OU      | $9441.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.510000 21-AUG-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     42636920 | OU      | $22291.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.885000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     11438697 | OU      | $83.04         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.905000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      4646070 | OU      | $-970.76       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.105000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     10989734 | OU      | $-968.33       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.328759 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      2552363 | OU      | $7051.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 5.576000 17-SEP-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    284868140 | OU      | $7186.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 3.990000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     21367172 | OU      | $4006.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.812000 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    140092291 | OU      | $-1346.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.720000 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     31548237 | OU      | $-2838.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                        | FSWP: OIS 8.730000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   1140814394 | OU      | $1659.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.185000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     15338913 | OU      | $2408.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.890000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      1750876 | OU      | $7.33          | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.940000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |       711161 | OU      | $-87.11        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.147500 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      1682155 | OU      | $288.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.485000 22-AUG-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      6526252 | OU      | $3049.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.300000 27-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     11621030 | OU      | $1403.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.289856 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |       390687 | OU      | $345.27        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.810300 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     21443356 | OU      | $-185.72       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.719300 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      4828959 | OU      | $-430.83       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.184800 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      2347864 | OU      | $369.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 3.963300 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      3270584 | OU      | $1062.17       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                               | FSWP: OIS 8.745000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |    174619821 | OU      | $247.72        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                               | FSWP: OIS 8.665000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   3482326763 | OU      | $18456.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 5.547500 17-SEP-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     52234147 | OU      | $859.36        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.460000 26-AUG-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     45990325 | OU      | $18898.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.285000 31-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     81892982 | OU      | $9646.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.885000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     12338356 | OU      | $85.76         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                               | FSWP: OIS 8.780000 17-SEP-2026 IBR                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   1230539655 | OU      | $1640.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.266362 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      2753102 | OU      | $-722.13       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.269300 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     16545322 | OU      | $-1064.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.044082 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      9265770 | OU      | $-3139.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 5.552500 17-SEP-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    365905912 | OU      | $6583.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.815300 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    151110574 | OU      | $-1731.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.719800 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     34029509 | OU      | $-3054.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.892000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      2351047 | OU      | $5.26          | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.164500 17-SEP-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     15604516 | OU      | $993.73        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.284500 12-SEP-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      8763348 | OU      | $78.11         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.308604 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |       524602 | OU      | $855.68        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                      | SWP: OIS 8.795000 17-SEP-2026 IBR                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |    234476401 | OU      | $304.13        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                      | SWP: OIS 8.615000 17-SEP-2030 IBR                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   4261151811 | OU      | $24810.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.080000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     23236950 | OU      | $-20296.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                          | SWAP/CDSWAP/SCDS: (WLNFP)                                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              |  | DE        |       891089 | OU      | $-252466.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.082000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     23589025 | OU      | $-21168.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.097000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     23589025 | OU      | $-25399.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                      | SWAP/CDSWAP/SCDS: (WLNFP)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | DE        |       908911 | OU      | $-257518.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.015000 05-OCT-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     72915000 | OU      | $1059.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CZK 3.910000 17-DEC-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    438386599 | OU      | $3515.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 1.492000 17-DEC-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     50084751 | OU      | $23619.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 5.446000 17-DEC-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    478088105 | OU      | $-9456.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 7.040000 17-DEC-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     96345143 | OU      | $-27543.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.145000 17-DEC-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1407861067 | OU      | $-7526.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.230000 17-DEC-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    225515757 | OU      | $-1444.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.023000 17-DEC-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     22364383 | OU      | $-15961.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CZK 3.903000 17-DEC-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    145477060 | OU      | $-1046.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.334790 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      2932174 | OU      | $8124.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.392500 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     28818953 | OU      | $54327.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.105000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      5337442 | OU      | $2168.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.895000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     13140844 | OU      | $2.87          | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.290000 03-OCT-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     48981524 | OU      | $291.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                               | FSWP: OIS 8.780000 17-DEC-2030 IBR                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |   8976126928 | OU      | $39664.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CNY 1.590000 17-DEC-2028 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    217444000 | OU      | $63850.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CNY 1.645000 17-DEC-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     20337215 | OU      | $12306.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: KRW 2.573000 17-DEC-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  11373887832 | OU      | $-24106.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.415000 17-DEC-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     39223000 | OU      | $1232.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 9.410000 18-DEC-2035 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     25646000 | OU      | $5347.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 14.890000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     33601436 | OU      | $57.32         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.998000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     33232607 | OU      | $7587.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.225000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    148969028 | OU      | $153599.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CZK 3.787500 17-DEC-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    518746134 | OU      | $-133956.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                             | FSWP: OIS 8.780000 17-DEC-2030 IBR                                               | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DIR              |  | US        |   9572561897 | OU      | $42300.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.881500 17-DEC-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    770712204 | OU      | $76522.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.530300 17-DEC-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    186799682 | OU      | $9701.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.640500 17-DEC-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    675142979 | OU      | $13192.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.040000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     69348155 | OU      | $27406.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.174500 17-DEC-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   8131720054 | OU      | $-30515.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 3.904500 17-DEC-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     52561347 | OU      | $-5873.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.255700 17-DEC-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1216983966 | OU      | $-3909.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 6.960500 19-OCT-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    310095900 | OU      | $9348.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.160500 14-OCT-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    109946205 | OU      | $31919.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CNY 1.577000 17-DEC-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    133328537 | OU      | $19714.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: KRW 2.512000 17-DEC-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  69857228078 | OU      | $-234535.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 5.417000 17-DEC-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2453884356 | OU      | $-70120.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 1.593000 17-DEC-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     50084751 | OU      | $-8870.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 3.914300 17-DEC-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     31171707 | OU      | $2119.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 13.120000 02-JAN-2029 BZ                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    415000000 | OU      | $209072.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | SWP: OIS 13.800000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     36672606 | OU      | $-4207.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 6.919700 28-OCT-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    117490022 | OU      | $-5067.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | FSWP: OIS 7.179500 23-OCT-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     53705321 | OU      | $-13359.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.179700 17-DEC-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1192205390 | OU      | $-4139.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: HUF 6.237200 17-DEC-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    224158322 | OU      | $-1235.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.658800 17-DEC-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     77713381 | OU      | $736.49        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.548300 17-DEC-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     29606142 | OU      | $969.07        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: OIS 5.484500 17-DEC-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    418033483 | OU      | $-3386.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: ZAR 6.859300 17-DEC-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     99803979 | OU      | $15293.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CNY 1.510000 17-DEC-2028 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     25006700 | OU      | $-878.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CNY 1.557500 17-DEC-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     17672013 | OU      | $295.90        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: KRW 2.610000 17-DEC-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   9341817587 | OU      | $-12784.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | SWP: EUR 2.275007 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      3148169 | OU      | $-990.87       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 3.900000 17-DEC-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     20778651 | OU      | $-1846.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: PLN 4.015000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      3231389 | OU      | $311.15        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                               | SWAP/CDSWAP/SCDS: (WLNFP)                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | DE        |      6900000 | OU      | $-1955008.16   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                         | FSWP: OIS 9.080000 16-DEC-2027 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  12571521000 | OU      | $-7711.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                             | FSWP: OIS 9.072000 17-DEC-2030 IBR                                               | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DIR              |  | US        |   9637378207 | OU      | $13902.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | FSWP: CZK 3.817500 17-DEC-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    145157385 | OU      | $-28019.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE LONDON                                    | Credit Agricole SA/London                                                        | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |      7900000 | PA      | $9063426.22    | 0.07%             | 2026-12-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                   | KazMunayGas National Co JSC                                                      | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |       534000 | PA      | $504731.46     | 0.00%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                        | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |      1433000 | PA      | $1437026.73    | 0.01%             | 2026-01-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                        | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      2807000 | PA      | $2764754.65    | 0.02%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                      | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      4348000 | PA      | $3774824.90    | 0.03%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      6328000 | PA      | $365230.30     | 0.00%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                        | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |       635000 | PA      | $635000.00     | 0.00%             | 2025-11-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CITYCON TREASURY BV                                       | Citycon Treasury BV                                                              | CUSIP: 000000000<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |       174000 | PA      | $196834.90     | 0.00%             | 2026-09-08      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                         | Clarios Global LP 2024 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |      2000000 | PA      | $2309472.71    | 0.02%             | 2031-07-16      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                         | Clarios Global LP 2025 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |      1000000 | PA      | $1155531.68    | 0.01%             | 2032-01-28      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Rain Carbon GmbH                                          | Rain Carbon GmbH 2023 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 529900OO18PWCCZRYG63 | Long             | LON              | CORP              | DE        |      2808444 | PA      | $3203777.64    | 0.02%             | 2028-10-31      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                    | TK Elevator Midco GmbH 2025 EUR Term Loan B1                                     | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | LON              | CORP              | DE        |      2400000 | PA      | $2781575.12    | 0.02%             | 2030-04-30      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                 | Banijay Entertainment SAS 2025 EUR Term Loan B (2028)                            | CUSIP: 000000000<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2314590.47    | 0.02%             | 2028-03-01      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Eircom Finco Sarl                                         | Eircom Finco Sarl 2025 EUR Term Loan B5                                          | CUSIP: 000000000<br>LEI: 6354009LHESIJBCL1Y98 | Long             | LON              | CORP              | LU        |      1000000 | PA      | $1155531.68    | 0.01%             | 2029-05-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                       | Avianca Midco 2 PLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |       491775 | PA      | $492082.36     | 0.00%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ERM Emerald US Inc                                        | ERM Emerald US Inc EUR Term Loan B2                                              | CUSIP: 000000000<br>LEI: 213800T6AWJ7S2PD5U82 | Long             | LON              | CORP              | GB        |            0 | PA      | $0.00          | 0.00%             | 2028-07-12      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                                    | Froneri Lux Finco Sarl 2024 EUR Term Loan B3                                     | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | LU        |      4000000 | PA      | $4610600.23    | 0.03%             | 2031-09-30      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                                    | Froneri Lux Finco Sarl 2025 EUR Term Loan                                        | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | LU        |      1627907 | PA      | $1879596.99    | 0.01%             | 2032-09-30      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Ineos Finance PLC                                         | Ineos Finance PLC 2024 EUR 1st Lien Term Loan B                                  | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | LON              | CORP              | GB        |      1000000 | PA      | $1027299.36    | 0.01%             | 2031-06-23      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Ineos Finance PLC                                         | Ineos Finance PLC 2024 EUR Term Loan B1                                          | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2048581.89    | 0.01%             | 2031-02-07      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| INEOS Quattro Holdings UK Ltd                             | INEOS Quattro Holdings UK Ltd 2023 EUR 1st Lien Term Loan B                      | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | GB        |      3000000 | PA      | $2976983.88    | 0.02%             | 2029-04-02      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Inspired FinCo Holdings Limited                           | Inspired FinCo Holdings Limited 2025 EUR Term Loan B6                            | CUSIP: 000000000<br>LEI: 21380079CKTODVMD9183 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2312907.61    | 0.02%             | 2031-02-28      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                     | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      6000000 | PA      | $5991000.00    | 0.04%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                                    | MGM China Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |      6000000 | PA      | $6348718.20    | 0.05%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| Valeo F1 Company Limited (Ireland)                        | Valeo F1 Company Limited (Ireland) 2024 EUR Term Loan B3                         | CUSIP: 000000000<br>LEI: 259400O9OX5WFOBC8C47 | Long             | LON              | CORP              | GB        |            0 | PA      | $0.00          | 0.00%             | 2028-09-29      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Valeo F1 Company Limited (Ireland)                        | Valeo F1 Company Limited (Ireland) 2025 EUR Term Loan B5                         | CUSIP: 000000000<br>LEI: 259400O9OX5WFOBC8C47 | Long             | LON              | CORP              | GB        |      2000000 | PA      | $2298575.56    | 0.02%             | 2028-09-29      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE                                      | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       508000 | PA      | $488315.00     | 0.00%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                   | Studio City Finance Ltd                                                          | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |      7211000 | PA      | $6900205.90    | 0.05%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK Holdco 4 Limited                               | VMED O2 UK Holdco 4 Limited 2020 EUR Term Loan R                                 | CUSIP: 000000000<br>LEI: 213800ZRKYXK2SHQOW75 | Long             | LON              | CORP              | GB        |      2500000 | PA      | $2891883.73    | 0.02%             | 2029-01-31      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                            | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      4958000 | PA      | $4950563.00    | 0.04%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                         | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      3035000 | PA      | $3180073.00    | 0.02%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: —       |
| VEDANTA RESOURCES                                         | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |       814000 | PA      | $824175.00     | 0.01%             | 2030-07-24      | Fixed         | 9.48%                 | No            |                  2 | On Loan: No      |
| Cobham Ultra SeniorCo Sarl                                | Cobham Ultra SeniorCo Sarl EUR Term Loan B                                       | CUSIP: 000000000<br>LEI: 254900L6IKLPZKIC4F32 | Long             | LON              | CORP              | LU        |      2000000 | PA      | $2306452.77    | 0.02%             | 2029-08-06      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                          | CSN Resources SA                                                                 | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |       269000 | PA      | $210600.10     | 0.00%             | 2031-06-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                          | CSN Resources SA                                                                 | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |       222000 | PA      | $210345.00     | 0.00%             | 2030-12-05      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                  | Eagle Funding Luxco Sarl                                                         | CUSIP: 000000000<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |       250000 | PA      | $253777.50     | 0.00%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                         | MC Brazil Downstream Trading SARL                                                | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |       539115 | PA      | $443422.43     | 0.00%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                                    | Stena International SA                                                           | CUSIP: 000000000<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |      2831000 | PA      | $2890128.27    | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Radar Bidco Sarl                                          | Radar Bidco Sarl 2025 EUR 1st Lien Term Loan B                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |      3000000 | PA      | $3476865.16    | 0.03%             | 2031-04-04      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                      | Raizen Fuels Finance SA                                                          | CUSIP: 000000000<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |       510000 | PA      | $427125.00     | 0.00%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Fugue Finance BV                                          | Fugue Finance BV 2025 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 254900LPOM3DXTS8SI47 | Long             | LON              | CORP              | NL        |      2000000 | PA      | $2315235.96    | 0.02%             | 2032-01-09      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                   | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      3049198 | PA      | $3012303.08    | 0.02%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                       | Peer Holding III BV 2024 EUR Term Loan B7                                        | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |      2800000 | PA      | $3230228.02    | 0.02%             | 2031-11-26      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pegasus BidCo BV                                          | Pegasus BidCo BV 2025 EUR 1st Lien Repriced Term Loan B                          | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |      1879880 | PA      | $2180039.73    | 0.02%             | 2029-07-12      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                 | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |       690000 | PA      | $492487.50     | 0.00%             | 2050-08-03      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                 | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |      1578000 | PA      | $1433060.70    | 0.01%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                 | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |       400000 | PA      | $394125.00     | 0.00%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Ziggo BV                                                  | Ziggo BV 2019 EUR Term Loan H                                                    | CUSIP: 000000000<br>LEI: 213800TQASLF9JXH5J59 | Long             | LON              | CORP              | NL        |      3000000 | PA      | $3388791.17    | 0.02%             | 2029-01-31      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                               | 30Y RTR 3.150000 26-NOV-2025                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |    -70790000 | OU      | $-413.41       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                      | 5Y RTR 3.100000 18-NOV-2025                                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   -163605000 | OU      | $-23447.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                               | 5Y RTR 3.070000 21-NOV-2025                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | KY        |   -249337000 | OU      | $-38881.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                               | 10Y RTR 3.200000 14-JAN-2026                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |   -149145000 | OU      | $-192948.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                        | CDX.NA.HY.45.V1 5YR RTP @ 105.0000                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | KY        |    135000000 | OU      | $164123.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                               | 10Y RTR 3.380000 16-DEC-2025                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |    -52465454 | OU      | $-76151.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                        | BYDTQ6RY3 BLACKROCK                                                              | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |    -54278000 | OU      | $-316844.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AES ANDES SA                                              | AES Andes SA                                                                     | CUSIP: 000000000<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |       961000 | PA      | $993145.45     | 0.01%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                   | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      1206000 | PA      | $1284993.00    | 0.01%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                                  | AES Panama Generation Holdings SRL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |      1118656 | PA      | $1040630.15    | 0.01%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                    | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |       225000 | PA      | $237015.00     | 0.00%             | 2035-02-11      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                                               | Cencosud SA                                                                      | CUSIP: 000000000<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |       635000 | PA      | $635596.90     | 0.00%             | 2027-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                         | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |      1952000 | PA      | $1851823.95    | 0.01%             | 2030-01-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                         | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |       400000 | PA      | $435350.00     | 0.00%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                    | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      1220000 | PA      | $1222440.00    | 0.01%             | 2026-01-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                    | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      1161000 | PA      | $1176093.00    | 0.01%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Dominican Republic International Bonds                    | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |       593000 | PA      | $579954.00     | 0.00%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     68350000 | PA      | $1143599.22    | 0.01%             | 2036-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                     | Costa Rica Government International Bond                                         | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |       284000 | PA      | $305584.00     | 0.00%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                    | Engie Energia Chile SA                                                           | CUSIP: 000000000<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |       290000 | PA      | $272600.00     | 0.00%             | 2030-01-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds                    | Bolivia Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |      1108000 | PA      | $905790.00     | 0.01%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| CORP FINANCIERA DE DESAR                                  | Corp Financiera de Desarrollo SA                                                 | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |      2542000 | PA      | $2454580.62    | 0.02%             | 2027-09-28      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FONDO MIVIVIENDA SA                                       | Fondo MIVIVIENDA SA                                                              | CUSIP: 000000000<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |      1246000 | PA      | $1249750.46    | 0.01%             | 2027-04-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                      | Grupo Aeromexico SAB de CV                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |       952000 | PA      | $959140.00     | 0.01%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| GRUPO POSADAS SAB CV                                      | Grupo Posadas SAB de CV                                                          | CUSIP: 000000000<br>LEI: 529900NRFIXN5G8NUX35 | Long             | DBT              | CORP              | MX        |       487973 | PA      | $482532.10     | 0.00%             | 2027-12-30      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB D                                  | Industrias Penoles SAB de CV                                                     | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | DBT              | CORP              | MX        |       691000 | PA      | $681229.26     | 0.00%             | 2029-09-12      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF PARAGUAY                                      | Paraguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |       490000 | PA      | $468021.69     | 0.00%             | 2048-03-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                      | Paraguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |       419000 | PA      | $371028.69     | 0.00%             | 2033-01-29      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO                                   | Promigas SA ESP / Gases del Pacifico SAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      1298000 | PA      | $1229855.00    | 0.01%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| SAMARCO MINERACAO SA                                      | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |      1473965 | PA      | $1468919.03    | 0.01%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Trinidad & Tobago Government International Bonds          | Trinidad & Tobago Government International Bonds                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |       952000 | PA      | $942775.12     | 0.01%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                            | Trust Fibra Uno                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |       638000 | PA      | $623246.25     | 0.00%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                            | Trust Fibra Uno                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |      1068000 | PA      | $1167281.28    | 0.01%             | 2032-01-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                                     | Nickel Industries Ltd                                                            | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |      1580000 | PA      | $1629375.00    | 0.01%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Sector Alarm Holding AS                                   | Sector Alarm Holding AS 2025 EUR Term Loan B                                     | CUSIP: 000000000<br>LEI: 549300YUOBFVB7TE8510 | Long             | LON              | CORP              | NO        |      1000000 | PA      | $1159139.48    | 0.01%             | 2029-06-14      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                                    | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000000 | PA      | $1801380.00    | 0.01%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SIERRACOL ENRGY ANDINA                                    | SierraCol Energy Andina LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       635000 | PA      | $622300.00     | 0.00%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                      | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |       400000 | PA      | $395750.00     | 0.00%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                      | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |       400000 | PA      | $373000.00     | 0.00%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AZURE POWER ENERGY LTD                                    | Azure Power Energy Ltd                                                           | CUSIP: 000000000<br>LEI: 54930051LQDFHGQMHF47 | Long             | DBT              | CORP              | MU        |      1431617 | PA      | $1401722.86    | 0.01%             | 2026-08-19      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| CLEAN RENEWABLE POWER                                     | Clean Renewable Power Mauritius Pte Ltd                                          | CUSIP: 000000000<br>LEI: 2138003P9CSDW7P4MT75 | Long             | DBT              | CORP              | MU        |      3465000 | PA      | $3387037.50    | 0.02%             | 2027-03-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIAMOND II LTD                                            | Diamond II Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900KL4GQ2XC50XL44 | Long             | DBT              | CORP              | MU        |      5500000 | PA      | $5533055.00    | 0.04%             | 2026-07-28      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                                  | Greenko Wind Projects Mauritius Ltd                                              | CUSIP: 000000000<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |      3460000 | PA      | $3509824.00    | 0.03%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INDIA CLEANTECH ENERGY                                    | India Cleantech Energy                                                           | CUSIP: 000000000<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | CORP              | MU        |      4554000 | PA      | $4503906.00    | 0.03%             | 2026-08-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Platea BC Bidco AB                                        | Platea BC Bidco AB EUR Term Loan                                                 | CUSIP: 000000000<br>LEI: 254900AWWXX5NUVV4A03 | Long             | LON              | CORP              | SE        |      1666667 | PA      | $1930381.48    | 0.01%             | 2031-04-03      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Anticimex International AB                                | Anticimex International AB 2021 EUR Term Loan B2                                 | CUSIP: 000000000<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |            0 | PA      | $0.00          | 0.00%             | 2028-11-16      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| GVC Holdings (Gibraltar) Limited                          | GVC Holdings (Gibraltar) Limited 2024 EUR Term Loan B4                           | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | LON              | CORP              | IM        |      2611426 | PA      | $3020264.43    | 0.02%             | 2028-06-30      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| AXIS BANK GANDHINAGAR                                     | Axis Bank Ltd/Gandhinagar                                                        | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | DBT              | CORP              | IN        |      4500000 | PA      | $4421250.00    | 0.03%             | 2026-09-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| CONTINUUM ENERGY AURA                                     | Continuum Energy Aura Pte Ltd                                                    | CUSIP: 000000000<br>LEI: 984500AB52D7C8GC2E33 | Long             | DBT              | CORP              | SG        |      4500000 | PA      | $4626585.00    | 0.03%             | 2027-02-24      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                     | GC Treasury Center Co Ltd                                                        | CUSIP: 000000000<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |      4455000 | PA      | $4517648.44    | 0.03%             | 2030-09-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                     | GC Treasury Center Co Ltd                                                        | CUSIP: 000000000<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |      3205000 | PA      | $3314370.63    | 0.02%             | 2035-03-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE                                     | Hanwha Life Insurance Co Ltd                                                     | CUSIP: 000000000<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |      4000000 | PA      | $4198800.00    | 0.03%             | 2055-06-24      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| MEDCO MAPLE TREE PTE LTD                                  | Medco Maple Tree Pte Ltd                                                         | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      3000000 | PA      | $3140640.00    | 0.02%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                          | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |      2000000 | PA      | $2054660.00    | 0.01%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LG ELECTRONICS INC                                        | LG Electronics Inc                                                               | CUSIP: 000000000<br>LEI: 988400RMQFTGZIOG0609 | Long             | DBT              | CORP              | KR        |       635000 | PA      | $646779.25     | 0.00%             | 2027-04-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                        | Mongolia Government International Bond                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |       249000 | PA      | $255225.00     | 0.00%             | 2030-02-25      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                     | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |      1432000 | PA      | $1436739.92    | 0.01%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                     | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |      3759000 | PA      | $3905976.90    | 0.03%             | 2052-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| RENEW POWER PVT LTD                                       | ReNew Pvt Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |      3500000 | PA      | $3493087.50    | 0.03%             | 2027-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                              | SK hynix Inc                                                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |       635000 | PA      | $637413.00     | 0.00%             | 2026-01-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                              | SK hynix Inc                                                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |       261000 | PA      | $272695.41     | 0.00%             | 2028-01-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CONTINUUM GRN SPV CO-ISS                                  | Continuum Green Energy India Pvt / Co-Issuers                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |      2842382 | PA      | $2996950.21    | 0.02%             | 2033-06-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VARANASI AURA NH-2 TOLL                                   | Varanasi Aurangabad Nh-2 Tollway Pvt Ltd                                         | CUSIP: 000000000<br>LEI: 335800WU93PC1E28MY29 | Long             | DBT              | CORP              | IN        |       703238 | PA      | $732351.53     | 0.01%             | 2034-02-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| Intercontinental Exchange, Inc.                           | ICE: (ITRAXX.XO.42.V1)                                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     53731929 | OU      | $6371474.17    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | SWAP/CDSWAP/ICE: (ITRAXX.XO.43.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      2575601 | OU      | $-326024.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | SWAP/CDSWAP/ICE: (CDX.NA.HY.44.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     14207000 | OU      | $-1152022.56   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-19

**Name of Applicant:** BlackRock ETF Trust II

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer