# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-26-031821
**Filing Date:** 2026-3
**Character Count:** 137246
**Document Hash:** ac5452a98c72cfd82e12846037a476ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-031821.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-031821

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663

**ORGANIZATION NAME:**
- **EIN:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 26795994

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds 2031 Term High Yield and Income ETF (Series ID: S000085094)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000249959 | iShares iBonds 2031 Term High Yield and Income ETF | IBHK            |

## Nport-Ex

Schedule of Investments (unaudited)

January 31, 2026

**iShares® iBonds® 2031 Term High Yield and Income ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 1.9%** | **Advertising — 1.9%** | **Advertising — 1.9%** |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., 7.13%, <br> 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $310 | $323143 |
| Lamar Media Corp., 3.63%, 01/15/31 | &nbsp;&nbsp;&nbsp; 148 | 139703 |
| Neptune Bidco U.S., Inc., 10.38%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 324 | 342800 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp., 7.38%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 122 | 128588 |
|  |  | 934234 |
| **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** |
| ATI, Inc., 5.13%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 96 | 96175 |
| Bombardier, Inc., 7.25%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 202 | 214476 |
| TransDigm, Inc., 7.13%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 282877 |
|  |  | 593528 |
| **Airlines — 1.3%** | **Airlines — 1.3%** | **Airlines — 1.3%** |
| JetBlue Airways Corp., 9.88%, 09/20/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 536 | 538476 |
| United Airlines Holdings, Inc., 5.38%, 03/01/31 | &nbsp;&nbsp;&nbsp; 80 | 80812 |
|  |  | 619288 |
| **Apparel — 1.4%** | **Apparel — 1.4%** | **Apparel — 1.4%** |
| Champ Acquisition Corp., 8.38%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 144498 |
| Crocs, Inc., 4.13%, 08/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 94 | 86077 |
| Levi Strauss & Co., 3.50%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 126233 |
| S&S Holdings LLC, 8.38%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 162 | 154275 |
| William Carter Co. (The), 7.38%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 160296 |
|  |  | 671379 |
| **Auto Manufacturers — 1.0%** | **Auto Manufacturers — 1.0%** | **Auto Manufacturers — 1.0%** |
| Allison Transmission, Inc., 3.75%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 269 | 253500 |
| JB Poindexter & Co., Inc., 8.75%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 239507 |
|  |  | 493007 |
| **Auto Parts & Equipment — 1.8%** | **Auto Parts & Equipment — 1.8%** | **Auto Parts & Equipment — 1.8%** |
| Adient Global Holdings Ltd., 8.25%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 141445 |
| Goodyear Tire & Rubber Co.(The) |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/30/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 148 | 142441 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/31 | &nbsp;&nbsp;&nbsp; 162 | 154377 |
| ZF North America Capital, Inc., 7.50%, 03/24/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409959 |
|  |  | 848222 |
| **Building Materials — 1.8%** | **Building Materials — 1.8%** | **Building Materials — 1.8%** |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald Co-Issuer, Inc., 6.75%, <br> 07/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 136 | 142517 |
| Knife River Corp., 7.75%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 119867 |
| Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 297 | 316895 |
| Standard Industries, Inc./New York, 3.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 296 | 273126 |
|  |  | 852405 |
| **Chemicals — 2.4%** | **Chemicals — 2.4%** | **Chemicals — 2.4%** |
| Ashland, Inc., 3.38%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 117 | 107294 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Dutch Holding B BV, 7.25%, <br> 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 142142 |
| Celanese U.S. Holdings LLC, 7.00%, 02/15/31 | &nbsp;&nbsp;&nbsp; 125 | 127975 |
| Cerdia Finanz GmbH, 9.38%, 10/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 251476 |
| Consolidated Energy Finance SA, 12.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 125232 |
| Huntsman International LLC, 2.95%, 06/15/31 | &nbsp;&nbsp;&nbsp; 107 | 91385 |
| Olympus Water U.S. Holding Corp., 7.25%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 225536 |
| WR Grace Holdings LLC, 7.38%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 91 | 92876 |
|  |  | 1163916 |
| **Commercial Services — 7.0%** | **Commercial Services — 7.0%** | **Commercial Services — 7.0%** |
| Allied Universal Holdco LLC, 7.88%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 636 | 668263 |
| AMN Healthcare, Inc., 6.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 108 | 109674 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget Finance, Inc., <br> 8.00%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 138177 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Block, Inc., 3.50%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $270 | $252444 |
| Garda World Security Corp., 6.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 174291 |
| GEO Group, Inc. (The), 10.25%, 04/15/31 | &nbsp;&nbsp;&nbsp; 168 | 183333 |
| Herc Holdings, Inc., 5.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 153 | 154012 |
| Raven Acquisition Holdings LLC, 6.88%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 351 | 351881 |
| RRD Parent, Inc., 10.00%, 10/15/31, (10.00% PIK)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 259 | 451510 |
| Service Corp. International/U.S., 4.00%, 05/15/31 | &nbsp;&nbsp;&nbsp; 213 | 202638 |
| TriNet Group, Inc., 7.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 108 | 111225 |
| United Rentals North America, Inc., 3.88%, 02/15/31 | &nbsp;&nbsp;&nbsp; 297 | 283280 |
| Valvoline, Inc., 3.63%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 144 | 132405 |
| Williams Scotsman, Inc., 7.38%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 122 | 127291 |
|  |  | 3340424 |
| **Computers — 1.1%** | **Computers — 1.1%** | **Computers — 1.1%** |
| Fortress Intermediate 3, Inc., 7.50%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198 | 201988 |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd., 8.50%, <br> 07/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 127 | 134448 |
| Unisys Corp., 10.63%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 179949 |
|  |  | 516385 |
| **Cosmetics & Personal Care — 0.3%** | **Cosmetics & Personal Care — 0.3%** | **Cosmetics & Personal Care — 0.3%** |
| Prestige Brands, Inc., 3.75%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 161 | 150702 |
| **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** |
| RB Global Holdings, Inc., 7.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 216 | 225179 |
| **Diversified Financial Services — 8.0%** | **Diversified Financial Services — 8.0%** | **Diversified Financial Services — 8.0%** |
| Avation Group S Pte Ltd., 8.50%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 75 | 74037 |
| Azorra Finance Ltd., 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 157143 |
| Bread Financial Holdings, Inc., 6.75%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 133763 |
| Burford Capital Global Finance LLC, 9.25%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 190836 |
| Coinbase Global, Inc., 3.63%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 199 | 176060 |
| Encore Capital Group, Inc., 6.63%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 125 | 126172 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 271 | 277481 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 216 | 214534 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 206590 |
| goeasy Ltd., 6.88%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 121 | 113722 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc., 7.13%, <br> 04/30/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 378 | 397292 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., 6.63%, <br> 10/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 127 | 125870 |
| Navient Corp., 11.50%, 03/15/31 | &nbsp;&nbsp;&nbsp; 136 | 148101 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 | &nbsp;&nbsp;&nbsp; 199 | 206244 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 202 | 211708 |
| PennyMac Financial Services, Inc., 5.75%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 133546 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., <br> 3.88%, 03/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 337 | 316070 |
| StoneX Group, Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149 | 158486 |
| UWM Holdings LLC, 6.25%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 268297 |
| Velocity Commercial Capital LLC, 9.38%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50754 |
| &nbsp;&nbsp;&nbsp; VFH Parent LLC/Valor Co-Issuer, Inc., 7.50%, <br> 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 141442 |
|  |  | 3828148 |
| **Electric — 2.4%** | **Electric — 2.4%** | **Electric — 2.4%** |
| Clearway Energy Operating LLC, 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 251 | 234983 |
| NRG Energy, Inc., 3.63%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 276 | 258193 |
| Vistra Operations Co. LLC, 7.75%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 389 | 411819 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP, 8.38%, <br> 01/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 236295 |
|  |  | 1141290 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® iBonds® 2031 Term High Yield and Income ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics — 0.6%** | **Electronics — 0.6%** | **Electronics — 0.6%** |
| Atkore, Inc., 4.25%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $105 | $100148 |
| Sensata Technologies, Inc., 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187636 |
|  |  | 287784 |
| **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** |
| Artera Services LLC, 8.50%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 162 | 131645 |
| **Entertainment — 2.8%** | **Entertainment — 2.8%** | **Entertainment — 2.8%** |
| Churchill Downs, Inc., 6.75%, 05/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 163 | 168124 |
| Light & Wonder International, Inc., 7.50%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149 | 156295 |
| &nbsp;&nbsp;&nbsp; Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, <br> 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 137 | 115953 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 11.88%, 04/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 189 | 198743 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier Entertainment <br> Finance Corp., 5.88%, 09/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 130541 |
| &nbsp;&nbsp;&nbsp; Resorts World Las Vegas LLC/RWLV Capital, Inc., <br> 4.63%, 04/06/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 90 | 77072 |
| Six Flags Entertainment Corp., 7.25%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 216 | 213249 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., <br> 7.13%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 269 | 289892 |
|  |  | 1349869 |
| **Environmental Control — 0.9%** | **Environmental Control — 0.9%** | **Environmental Control — 0.9%** |
| Clean Harbors, Inc., 6.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 138230 |
| GFL Environmental, Inc., 6.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 282508 |
|  |  | 420738 |
| **Food — 2.1%** | **Food — 2.1%** | **Food — 2.1%** |
| &nbsp;&nbsp;&nbsp; Albertsons Co, Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC, 5.50%, 03/31/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 188 | 188682 |
| Fiesta Purchaser, Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 136 | 139861 |
| Ingles Markets, Inc., 4.00%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 94 | 88946 |
| Post Holdings, Inc., 4.50%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 281 | 266050 |
| Safeway, Inc., 7.25%, 02/01/31 | &nbsp;&nbsp;&nbsp; 69 | 74770 |
| &nbsp;&nbsp;&nbsp; Viking Baked Goods Acquisition Corp., 8.63%, <br> 11/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 243 | 241232 |
|  |  | 999541 |
| **Forest Products & Paper — 0.4%** | **Forest Products & Paper — 0.4%** | **Forest Products & Paper — 0.4%** |
| Magnera Corp., 7.25%, 11/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 216 | 204631 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| South Jersey Industries, Inc., 5.02%, 04/15/31 | &nbsp;&nbsp;&nbsp; 63 | 54548 |
| **Health Care - Services — 4.1%** | **Health Care - Services — 4.1%** | **Health Care - Services — 4.1%** |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc., 4.00%, <br> 03/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 138 | 130813 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc., 4.75%, <br> 02/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 285 | 255716 |
| DaVita, Inc., 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 405 | 372171 |
| Encompass Health Corp., 4.63%, 04/01/31 | &nbsp;&nbsp;&nbsp; 108 | 105650 |
| HAH Group Holding Co. LLC, 9.75%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 182 | 172390 |
| Molina Healthcare, Inc., 6.50%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 230367 |
| Sotera Health Holdings LLC, 7.38%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 203 | 213977 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31 | &nbsp;&nbsp;&nbsp; 364 | 378240 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 98 | 107228 |
|  |  | 1966552 |
| **Holding Companies - Diversified — 1.1%** | **Holding Companies - Diversified — 1.1%** | **Holding Companies - Diversified — 1.1%** |
| Clue Opco LLC, 9.50%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 191019 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Stena International SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $215 | $220916 |
| &nbsp;&nbsp;&nbsp; 7.63%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 110 | 113846 |
|  |  | 525781 |
| **Home Builders — 0.6%** | **Home Builders — 0.6%** | **Home Builders — 0.6%** |
| Beazer Homes USA, Inc., 7.50%, 03/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 66 | 67113 |
| K Hovnanian Enterprises, Inc., 8.00%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 122964 |
| KB Home, 4.00%, 06/15/31 | &nbsp;&nbsp;&nbsp; 107 | 100952 |
|  |  | 291029 |
| **Home Furnishings — 0.5%** | **Home Furnishings — 0.5%** | **Home Furnishings — 0.5%** |
| Somnigroup International, Inc., 3.88%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 214 | 199708 |
| Whirlpool Corp., 2.40%, 05/15/31 | &nbsp;&nbsp;&nbsp; 81 | 67689 |
|  |  | 267397 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Kronos Acquisition Holdings, Inc., 8.25%, 06/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 148 | 104708 |
| **Housewares — 0.5%** | **Housewares — 0.5%** | **Housewares — 0.5%** |
| Central Garden & Pet Co., 4.13%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 109 | 102934 |
| Scotts Miracle-Gro Co. (The), 4.00%, 04/01/31 | &nbsp;&nbsp;&nbsp; 125 | 117823 |
|  |  | 220757 |
| **Insurance — 4.9%** | **Insurance — 4.9%** | **Insurance — 4.9%** |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings <br> Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 264 | 271545 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 389 | 403309 |
| Ardonagh Finco Ltd., 7.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 403 | 416536 |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin <br> Insurance Group Holdings Finance, 7.13%, <br> 05/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 163 | 168021 |
| &nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. Refinance 2 <br> PLC/Howden U.S. Refinance LLC, 7.25%, <br> 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 272 | 281287 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 807 | 831271 |
|  |  | 2371969 |
| **Internet — 0.3%** | **Internet — 0.3%** | **Internet — 0.3%** |
| Match Group Holdings II LLC, 3.63%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 138 | 125188 |
| **Iron & Steel — 1.3%** | **Iron & Steel — 1.3%** | **Iron & Steel — 1.3%** |
| Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 88 | 84227 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 233 | 245736 |
| Commercial Metals Co., 3.88%, 02/15/31 | &nbsp;&nbsp;&nbsp; 81 | 76934 |
| Mineral Resources Ltd., 7.00%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 188 | 197680 |
|  |  | 604577 |
| **Leisure Time — 2.4%** | **Leisure Time — 2.4%** | **Leisure Time — 2.4%** |
| Amer Sports Co., 6.75%, 02/16/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 216 | 224792 |
| Carnival Corp., 5.88%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 279152 |
| Life Time, Inc., 6.00%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 138399 |
| NCL Corp. Ltd., 5.88%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 324 | 324765 |
| Viking Cruises Ltd., 9.13%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 194 | 206845 |
|  |  | 1173953 |
| **Lodging — 1.9%** | **Lodging — 1.9%** | **Lodging — 1.9%** |
| Boyd Gaming Corp., 4.75%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 243 | 236823 |
| Hilton Domestic Operating Co., Inc., 4.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 297 | 283552 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower Escrow LLC/Hilton <br> Grand Vacations Borrower Esc, 4.88%, 07/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 128 | 119519 |
| MGM China Holdings Ltd., 7.13%, 06/26/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 143157 |
| Station Casinos LLC, 4.63%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 128 | 122841 |
|  |  | 905892 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® iBonds® 2031 Term High Yield and Income ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery — 0.4%** | **Machinery — 0.4%** | **Machinery — 0.4%** |
| Chart Industries, Inc., 9.50%, 01/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $125 | $131596 |
| Manitowoc Co., Inc. (The), 9.25%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 81 | 87943 |
|  |  | 219539 |
| **Manufacturing — 0.6%** | **Manufacturing — 0.6%** | **Manufacturing — 0.6%** |
| Avient Corp., 6.25%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 179883 |
| Hillenbrand, Inc., 3.75%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 87 | 87668 |
|  |  | 267551 |
| **Media — 7.1%** | **Media — 7.1%** | **Media — 7.1%** |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 802 | 734872 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 294 | 302337 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing Co-Obligor, <br> Inc., 10.00%, 02/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 555 | 571773 |
| Gray Television, Inc., 5.38%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 244332 |
| McGraw-Hill Education, Inc., 7.38%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 184848 |
| Scripps Escrow II, Inc., 5.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 85 | 63279 |
| Sirius XM Radio LLC, 3.88%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 405 | 370097 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 321080 |
| Univision Communications, Inc., 8.50%, 07/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 338 | 352834 |
| Versant Media Group, Inc., 7.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 276643 |
|  |  | 3422095 |
| **Mining — 2.0%** | **Mining — 2.0%** | **Mining — 2.0%** |
| Alcoa Nederland Holding BV, 7.13%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 216917 |
| Arsenal AIC Parent LLC, 11.50%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 148824 |
| Fortescue Treasury Pty Ltd., 4.38%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 272 | 262641 |
| Kaiser Aluminum Corp., 4.50%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 144829 |
| Novelis Corp., 3.88%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 203 | 185847 |
|  |  | 959058 |
| **Office & Business Equipment — 0.2%** | **Office & Business Equipment — 0.2%** | **Office & Business Equipment — 0.2%** |
| Xerox Corp., 13.50%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 98197 |
| **Oil & Gas — 4.7%** | **Oil & Gas — 4.7%** | **Oil & Gas — 4.7%** |
| &nbsp;&nbsp;&nbsp; Calumet Specialty Products Partners LP/Calumet <br> Finance Corp., 9.75%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 110 | 113409 |
| Civitas Resources, Inc., 8.75%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 383431 |
| CNX Resources Corp., 7.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 139899 |
| CVR Energy, Inc., 7.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 80 | 79895 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, <br> 02/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 162 | 156449 |
| &nbsp;&nbsp;&nbsp; Moss Creek Resources Holdings, Inc., 8.25%, <br> 09/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 202 | 196392 |
| Nabors Industries, Inc., 8.88%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 148 | 150648 |
| Northern Oil & Gas, Inc., 8.75%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 136 | 140625 |
| Permian Resources Operating LLC, 9.88%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 88 | 94433 |
| Sunoco LP, 5.63%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 271641 |
| Talos Production, Inc., 9.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169 | 178964 |
| Transocean International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/31 | &nbsp;&nbsp;&nbsp; 107 | 105465 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 243 | 247222 |
|  |  | 2258473 |
| **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** |
| Enerflex, Inc., 6.88%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 103287 |
| Star Holding LLC, 8.75%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 94 | 94002 |
|  |  | 197289 |
| **Packaging & Containers — 1.8%** | **Packaging & Containers — 1.8%** | **Packaging & Containers — 1.8%** |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh <br> Metal Packaging Finance PLC, 6.25%, 01/30/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 159311 |
| Ball Corp., 3.13%, 09/15/31 | &nbsp;&nbsp;&nbsp; 230 | 211383 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc., 7.25%, <br> 05/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 186 | 189175 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| Sealed Air Corp., 7.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $115 | $119881 |
| Trivium Packaging Finance BV, 12.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 180221 |
|  |  | 859971 |
| **Pharmaceuticals — 1.5%** | **Pharmaceuticals — 1.5%** | **Pharmaceuticals — 1.5%** |
| Endo Finance Holdings, Inc., 8.50%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 285522 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, <br> 5.13%, 04/30/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 465 | 422129 |
|  |  | 707651 |
| **Pipelines — 3.0%** | **Pipelines — 3.0%** | **Pipelines — 3.0%** |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, <br> 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 378 | 375884 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp., 6.00%, 09/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 120 | 120799 |
| Venture Global Calcasieu Pass LLC, 4.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 337 | 310998 |
| Venture Global LNG, Inc., 8.38%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 607 | 620902 |
|  |  | 1428583 |
| **Real Estate — 0.9%** | **Real Estate — 0.9%** | **Real Estate — 0.9%** |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 8.88%, <br> 09/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 108 | 115093 |
| Howard Hughes Corp. (The), 4.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 165760 |
| Kennedy-Wilson, Inc., 5.00%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 162 | 155640 |
|  |  | 436493 |
| **Real Estate Investment Trusts — 2.6%** | **Real Estate Investment Trusts — 2.6%** | **Real Estate Investment Trusts — 2.6%** |
| Brandywine Operating Partnership LP, 6.13%, 01/15/31 | &nbsp;&nbsp;&nbsp; 81 | 78473 |
| Diversified Healthcare Trust, 4.38%, 03/01/31 | &nbsp;&nbsp;&nbsp; 135 | 120414 |
| Iron Mountain, Inc., 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 297 | 283525 |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., <br> 3.50%, 03/15/31<br>| &nbsp;&nbsp;&nbsp; 352 | 260216 |
| Service Properties Trust, 8.63%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 283724 |
| Starwood Property Trust, Inc., 5.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 141964 |
| Vornado Realty LP, 3.40%, 06/01/31 | &nbsp;&nbsp;&nbsp; 94 | 85730 |
|  |  | 1254046 |
| **Retail — 6.5%** | **Retail — 6.5%** | **Retail — 6.5%** |
| Carvana Co., 9.00%, 06/01/31, (9 % Cash)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 611 | 672621 |
| &nbsp;&nbsp;&nbsp; Ferrellgas LP/Ferrellgas Finance Corp., 9.25%, <br> 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 180782 |
| Gap, Inc. (The), 3.88%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198 | 183446 |
| Kohl's Corp., 5.13%, 05/01/31 | &nbsp;&nbsp;&nbsp; 135 | 115530 |
| LBM Acquisition LLC, 9.50%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 256 | 269748 |
| LCM Investments Holdings II LLC, 8.25%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 242344 |
| Lithia Motors, Inc., 4.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 151 | 145312 |
| Men's Wearhouse LLC.(The), 9.00%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 125 | 130004 |
| Murphy Oil USA, Inc., 3.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 138 | 129530 |
| Nordstrom, Inc., 4.25%, 08/01/31 | &nbsp;&nbsp;&nbsp; 114 | 105144 |
| Park River Holdings, Inc., 8.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 216 | 222384 |
| Petco Health & Wellness Co., Inc., 8.25%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 165402 |
| Sonic Automotive, Inc., 4.88%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 139 | 134015 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.00%, 06/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 168121 |
| Yum! Brands, Inc., 3.63%, 03/15/31 | &nbsp;&nbsp;&nbsp; 283 | 267478 |
|  |  | 3131861 |
| **Software — 2.9%** | **Software — 2.9%** | **Software — 2.9%** |
| CoreWeave, Inc., 9.00%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 470 | 457070 |
| Open Text Holdings, Inc., 4.13%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 152776 |
| Twilio, Inc., 3.88%, 03/15/31 | &nbsp;&nbsp;&nbsp; 135 | 127652 |
| UKG, Inc., 6.88%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 674 | 673636 |
|  |  | 1411134 |
| **Telecommunications — 5.1%** | **Telecommunications — 5.1%** | **Telecommunications — 5.1%** |
| Altice France SA, 6.50%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 94 | 91833 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® iBonds® 2031 Term High Yield and Income ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Connect Holding II LLC, 10.50%, 04/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $580 | $569007 |
| Iliad Holding SAS, 8.50%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 278558 |
| Viasat, Inc., 7.50%, 05/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198 | 192151 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 365 | 330221 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 378 | 345843 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp., 8.25%, 10/01/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 593 | 621354 |
|  |  | 2428967 |
| **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |
| XPO, Inc., 7.13%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 122 | 126778 |
| **Trucking & Leasing — 0.4%** | **Trucking & Leasing — 0.4%** | **Trucking & Leasing — 0.4%** |
| FTAI Aviation Investors LLC, 7.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 189 | 198749 |
| **Total Long-Term Investments — 97.5%** <br>**(Cost: $46,278,770)** | **Total Long-Term Investments — 97.5%** <br>**(Cost: $46,278,770)** | 46791101 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 18.7%** | **Money Market Funds — 18.7%** | **Money Market Funds — 18.7%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 3.82%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 7702854 | 7706705 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 3.64%<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 1260000 | $1260000 |
| **Total Short-Term Securities — 18.7%** <br>**(Cost: $8,966,355)** | **Total Short-Term Securities — 18.7%** <br>**(Cost: $8,966,355)** | 8966705 |
| **Total Investments — 116.2%** <br>**(Cost: $55,245,125)** | **Total Investments — 116.2%** <br>**(Cost: $55,245,125)** | 55757806 |
| **Liabilities in Excess of Other Assets — (16.2)%** | **Liabilities in Excess of Other Assets — (16.2)%** | (7753046)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $48004760 |

---

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

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

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

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

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

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

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*01/31/26*<br>| *Shares* <br>*Held at* <br>*01/31/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares<br>| $4517837<br> $3188857 <br><sup>(a)</sup><br>| $— | $— | $11 | $7706705 | 7702854 | $5482 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares | &nbsp;&nbsp;&nbsp;&nbsp; 620000<br> 640000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1260000 | 1260000 | &nbsp;&nbsp; 3285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $— | $11 | $8966705 |  | $8767 | $— |

---

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

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

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

**Fair Value Hierarchy as of Period End** 

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

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

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

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

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

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® iBonds® 2031 Term High Yield and Income ETF**

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $46791101 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $46791101 |
| &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; 8966705 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 8966705 |
|  | &nbsp;&nbsp; $8966705 | &nbsp;&nbsp; $46791101 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $55757806 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| PIK | Payment-in-kind |
| RB | Revenue Bonds |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares iBonds 2031 Term High Yield and Income ETF

- **b. EDGAR series identifier (if any):** S000085094

- **c. LEI of Series:** 529900KJZB61HUO2UR87

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $61627625.04

**Total Liabilities:** $13620514.71

**Net Assets:** $48007110.33

**Delayed Delivery Securities:** $175000.00

**Cash Not Reported:** $7418.54

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.40000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 54.26000000 | **1-Year:** 985.71000000 | **5-Year:** 14683.24000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249959 | 0.86%                | 0.69%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31514.99               | $170599.67                                 |
| Month 2  | $-45934.95               | $88636.99                                  |
| Month 3  | $-51838.99               | $69879.77                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMN HEALTHCARE INC                             | AMN Healthcare Inc                                                              | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    108000 | PA      | $109673.63    | 0.23%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                         | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    135000 | PA      | $141445.18    | 0.29%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175635.08    | 0.37%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                                                      | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    205000 | PA      | $216916.45    | 0.45%             | 2031-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ATI INC                                        | ATI Inc                                                                         | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     96000 | PA      | $96174.73     | 0.20%             | 2031-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| BREAD FINANCIAL HLDGS                          | Bread Financial Holdings Inc                                                    | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123473.75    | 0.26%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    389000 | PA      | $403308.86    | 0.84%             | 2031-01-15      | Fixed         | 7.00%                 | 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        |    264000 | PA      | $271545.11    | 0.57%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                        | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    636000 | PA      | $668262.52    | 1.39%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                       | Allison Transmission Inc                                                        | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    249000 | PA      | $234652.57    | 0.49%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                               | Altice France SA                                                                | CUSIP: 02090DAC2<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     94025 | PA      | $91832.36     | 0.19%             | 2031-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                            | Amer Sports Co                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    216000 | PA      | $224791.70    | 0.47%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    155000 | PA      | $159310.90    | 0.33%             | 2031-01-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                             | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    323000 | PA      | $333848.87    | 0.70%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                         | Arsenal AIC Parent LLC                                                          | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $148824.24    | 0.31%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                            | Artera Services LLC                                                             | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    162000 | PA      | $131645.34    | 0.27%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| ASHLAND INC                                    | Ashland Inc                                                                     | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |    107000 | PA      | $98123.70     | 0.20%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                     | Atkore Inc                                                                      | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90610.26     | 0.19%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                    | Avient Corp                                                                     | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179882.59    | 0.37%             | 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: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $127941.53    | 0.27%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVATION GROUP S PTE LTD                        | Avation Group S Pte Ltd                                                         | CUSIP: 05390AAA2<br>LEI: 2138006F359FM7HRYK39 | Long             | DBT              | CORP              | SG        |     75000 | PA      | $74036.66     | 0.15%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                       | Axalta Coating Systems Dutch Holding B BV                                       | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    135000 | PA      | $142141.75    | 0.30%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                 | Azorra Finance Ltd                                                              | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    140000 | PA      | $146666.76    | 0.31%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                          | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    153000 | PA      | $157712.70    | 0.33%             | 2031-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                       | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    230000 | PA      | $211383.71    | 0.44%             | 2031-09-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                               | Beazer Homes USA Inc                                                            | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67112.52     | 0.14%             | 2031-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                 | Bombardier Inc                                                                  | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    202000 | PA      | $214475.89    | 0.45%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| BOYD GAMING CORP                               | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    243000 | PA      | $236822.57    | 0.49%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                             | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |     81000 | PA      | $78472.69     | 0.16%             | 2031-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                              | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190835.92    | 0.40%             | 2031-07-01      | Fixed         | 9.25%                 | 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        |    802000 | PA      | $734872.13    | 1.53%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    274000 | PA      | $281769.92    | 0.59%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    285000 | PA      | $255715.59    | 0.53%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                              | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139898.82    | 0.29%             | 2031-01-15      | Fixed         | 7.38%                 | 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        |    353000 | PA      | $351024.03    | 0.73%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                 | CVR Energy Inc                                                                  | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79895.33     | 0.17%             | 2031-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD                         | Calumet Specialty Products Partners LP / Calumet Finance Corp                   | CUSIP: 131477BA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $92789.57     | 0.19%             | 2031-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    270000 | PA      | $279151.74    | 0.58%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                     | Carvana Co                                                                      | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    591004 | PA      | $650604.54    | 1.36%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                        | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127974.72    | 0.27%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                        | Central Garden & Pet Co                                                         | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     99000 | PA      | $93490.61     | 0.19%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                             | Cerdia Finanz GmbH                                                              | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    245000 | PA      | $251475.94    | 0.52%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                         | Champ Acquisition Corp                                                          | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $123090.57    | 0.26%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    118000 | PA      | $111854.60    | 0.23%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                           | Chart Industries Inc                                                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131596.24    | 0.27%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| RRD PARENT INC                                 | RRD Parent Inc                                                                  | CUSIP: 16208CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248955 | PA      | $434074.60    | 0.90%             | 2031-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                            | Churchill Downs Inc                                                             | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    163000 | PA      | $168123.76    | 0.35%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| SM ENERGY CO                                   | SM Energy Co                                                                    | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    365000 | PA      | $383430.86    | 0.80%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| CLEAN HARBORS INC                              | Clean Harbors Inc                                                               | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138229.43    | 0.29%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    310000 | PA      | $323142.77    | 0.67%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                   | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    251000 | PA      | $234983.38    | 0.49%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     78000 | PA      | $74655.53     | 0.16%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    213000 | PA      | $224643.10    | 0.47%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                            | Coinbase Global Inc                                                             | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    199000 | PA      | $176059.70    | 0.37%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| COMMERCIAL METALS CO                           | Commercial Metals Co                                                            | CUSIP: 201723AP8<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     81000 | PA      | $76934.17     | 0.16%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CONNECT HOLDING II LLC                         | Connect Holding II LLC                                                          | CUSIP: 20753PAD3<br>LEI: 254900LCX7S2QHYUOI31 | Long             | DBT              | CORP              | US        |    580000 | PA      | $569007.16    | 1.19%             | 2031-04-03      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                        | Consolidated Energy Finance SA                                                  | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    150000 | PA      | $125232.46    | 0.26%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                       | Constellation Energy Generation LLC                                             | CUSIP: 210385AJ9<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    198000 | PA      | $200742.38    | 0.42%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                       | Constellation Energy Generation LLC                                             | CUSIP: 210385AL4<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    207000 | PA      | $199519.78    | 0.42%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                  | CoreWeave Inc                                                                   | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    460000 | PA      | $447344.83    | 0.93%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| CROCS INC                                      | Crocs Inc                                                                       | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |     91000 | PA      | $83329.58     | 0.17%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| CUSHMAN & WAKEFIELD US                         | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    108000 | PA      | $115092.97    | 0.24%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                      | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    405000 | PA      | $372171.14    | 0.78%             | 2031-02-15      | Fixed         | 3.75%                 | 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        |    545000 | PA      | $561470.73    | 1.17%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| DIVERSIFIED HEALTHCARE T                       | Diversified Healthcare Trust                                                    | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              |  | US        |    128000 | PA      | $114170.07    | 0.24%             | 2031-03-01      | Fixed         | 4.38%                 | 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        |    136000 | PA      | $142516.61    | 0.30%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                 | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     88000 | PA      | $94432.51     | 0.20%             | 2031-07-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                       | Encore Capital Group Inc                                                        | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126171.73    | 0.26%             | 2031-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                           | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    108000 | PA      | $105650.33    | 0.22%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS LP                       | Endo Finance Holdings LP                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $285521.84    | 0.59%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ENERFLEX INC                                   | Enerflex Inc                                                                    | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103286.75    | 0.22%             | 2031-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                      | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    252000 | PA      | $243329.05    | 0.51%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                       | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315292AU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $170451.93    | 0.36%             | 2031-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                           | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    126000 | PA      | $129577.19    | 0.27%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                       | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    271000 | PA      | $277480.71    | 0.58%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                        | FTAI Aviation Investors LLC                                                     | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    189000 | PA      | $198749.28    | 0.41%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                          | Fortress Intermediate 3 Inc                                                     | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    188000 | PA      | $191786.16    | 0.40%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    195000 | PA      | $206590.41    | 0.43%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    216000 | PA      | $214534.24    | 0.45%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                            | CUSIP: 35908MAE0<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    202000 | PA      | $211371.31    | 0.44%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                              | GEO Group Inc/The                                                               | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    168000 | PA      | $183332.95    | 0.38%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                           | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $282508.16    | 0.59%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                  | Clue Opco LLC                                                                   | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $191019.32    | 0.40%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    188000 | PA      | $174181.30    | 0.36%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                           | Garda World Security Corp                                                       | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $164038.59    | 0.34%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                      | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    121000 | PA      | $113722.32    | 0.24%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                   | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    148000 | PA      | $142441.36    | 0.30%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                                                   | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    162000 | PA      | $154376.59    | 0.32%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                 | Gray Media Inc                                                                  | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    330000 | PA      | $244331.71    | 0.51%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                       | HAH Group Holding Co LLC                                                        | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    182000 | PA      | $172389.82    | 0.36%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                               | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145959.40    | 0.30%             | 2031-03-15      | 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        |    162000 | PA      | $156448.84    | 0.33%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                | Hillenbrand Inc                                                                 | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |     87000 | PA      | $87668.26     | 0.18%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    297000 | PA      | $283551.86    | 0.59%             | 2031-05-01      | Fixed         | 4.00%                 | 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        |    128000 | PA      | $119519.51    | 0.25%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                          | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    155000 | PA      | $146816.19    | 0.31%             | 2031-02-01      | Fixed         | 4.38%                 | 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        |    272000 | PA      | $281286.71    | 0.59%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                       | Huntsman International LLC                                                      | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |     97000 | PA      | $82844.15     | 0.17%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                              | Iliad Holding SAS                                                               | CUSIP: 449691AF1<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    260000 | PA      | $278557.97    | 0.58%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INGLES MARKETS INC                             | Ingles Markets Inc                                                              | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |     91000 | PA      | $86106.95     | 0.18%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                               | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    277000 | PA      | $264433.03    | 0.55%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                         | JB Poindexter & Co Inc                                                          | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    230000 | PA      | $239506.32    | 0.50%             | 2031-12-15      | Fixed         | 8.75%                 | 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        |    378000 | PA      | $397291.95    | 0.83%             | 2031-04-30      | Fixed         | 7.13%                 | 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        |    127000 | PA      | $125870.53    | 0.26%             | 2031-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                        | JetBlue Airways Corp / JetBlue Loyalty LP                                       | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    526000 | PA      | $528429.85    | 1.10%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                        | K Hovnanian Enterprises Inc                                                     | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112717.02    | 0.23%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| KAISER ALUMINUM CORP                           | Kaiser Aluminum Corp                                                            | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $125518.84    | 0.26%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KB HOME                                        | KB Home                                                                         | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |     87000 | PA      | $82082.72     | 0.17%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                             | Kennedy-Wilson Inc                                                              | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    152000 | PA      | $146032.68    | 0.30%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| KNIFE RIVER CORP                               | Knife River Corp                                                                | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $119867.41    | 0.25%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                             | Kohl's Corp                                                                     | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    135000 | PA      | $115530.19    | 0.24%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                       | Kronos Acquisition Holdings Inc                                                 | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $104708.35    | 0.22%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                       | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    230000 | PA      | $242344.29    | 0.50%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $139703.25    | 0.29%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                            | LBM Acquisition LLC                                                             | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    256000 | PA      | $269747.50    | 0.56%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| LEVI STRAUSS & CO                              | Levi Strauss & Co                                                               | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126232.91    | 0.26%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                  | Life Time Inc                                                                   | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138399.44    | 0.29%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                        | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    149000 | PA      | $156294.76    | 0.33%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                               | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    131000 | PA      | $126065.05    | 0.26%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                         | MGM China Holdings Ltd                                                          | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    135000 | PA      | $143157.41    | 0.30%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                 | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |    352000 | PA      | $260215.74    | 0.54%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                   | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    216000 | PA      | $204631.08    | 0.43%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| MANITOWOC COMPANY INC                          | Manitowoc Co Inc/The                                                            | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |     76000 | PA      | $82514.45     | 0.17%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                     | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    118000 | PA      | $107045.03    | 0.22%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                          | McGraw-Hill Education Inc                                                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    175000 | PA      | $184848.47    | 0.39%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| THE MEN'S WEARHOUSE LLC                        | Men's Wearhouse LLC/The                                                         | CUSIP: 587118AF7<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15600.51     | 0.03%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                       | Merlin Entertainments Group US Holdings Inc                                     | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    137000 | PA      | $115953.00    | 0.24%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                           | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    165000 | PA      | $173495.47    | 0.36%             | 2031-04-01      | Fixed         | 7.00%                 | 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        |    189000 | PA      | $198743.15    | 0.41%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                           | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220128.30    | 0.46%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                       | Moss Creek Resources Holdings Inc                                               | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    202000 | PA      | $196392.07    | 0.41%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                             | Murphy Oil USA Inc                                                              | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    118000 | PA      | $110757.29    | 0.23%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                    | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    324000 | PA      | $324764.65    | 0.68%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                  | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    246000 | PA      | $230128.82    | 0.48%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                          | Nabors Industries Inc                                                           | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    148000 | PA      | $150647.88    | 0.31%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                    | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    136000 | PA      | $148100.95    | 0.31%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                           | Neptune Bidco US Inc                                                            | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    324000 | PA      | $342799.83    | 0.71%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: —       |
| NORDSTROM INC                                  | Nordstrom Inc                                                                   | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    107000 | PA      | $98687.69     | 0.21%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                         | Northern Oil & Gas Inc                                                          | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    126000 | PA      | $130285.34    | 0.27%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                    | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    203000 | PA      | $185846.63    | 0.39%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                       | Olympus Water US Holding Corp                                                   | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225536.04    | 0.47%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                            | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    202000 | PA      | $211707.78    | 0.44%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                            | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    189000 | PA      | $195880.51    | 0.41%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                  | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $143789.60    | 0.30%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: 549300SH15FO4Y2G3V63 | Long             | DBT              | CORP              | US        |    465000 | PA      | $422128.84    | 0.88%             | 2031-04-30      | Fixed         | 5.13%                 | 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        |    122000 | PA      | $128587.95    | 0.27%             | 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        |    163000 | PA      | $165782.37    | 0.35%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| PANTHER ESCROW ISSUER                          | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    802000 | PA      | $826121.22    | 1.72%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                        | Park River Holdings Inc                                                         | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    216000 | PA      | $222384.00    | 0.46%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133545.59    | 0.28%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH & WELLNESS                        | Petco Health & Wellness Co Inc                                                  | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15036.54     | 0.03%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                               | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    281000 | PA      | $266050.42    | 0.55%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                       | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp              | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $130540.68    | 0.27%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                            | Prestige Brands Inc                                                             | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    151000 | PA      | $141341.33    | 0.29%             | 2031-04-01      | Fixed         | 3.75%                 | 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        |    337000 | PA      | $316069.68    | 0.66%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                       | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351000 | PA      | $351881.08    | 0.73%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc                                  | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $77071.61     | 0.16%             | 2031-04-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                         | Ritchie Bros Holdings Inc                                                       | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    216000 | PA      | $225178.81    | 0.47%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| S&S HOLDINGS LLC                               | S&S Holdings LLC                                                                | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162000 | PA      | $154275.48    | 0.32%             | 2031-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| SAFEWAY INC                                    | Safeway Inc                                                                     | CUSIP: 786514BA6<br>LEI: 549300NKZ6VCN5P3K723 | Long             | DBT              | CORP              | US        |     59000 | PA      | $63934.14     | 0.13%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                          | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    115000 | PA      | $108397.10    | 0.23%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| SCRIPPS ESCROW II INC                          | Scripps Escrow II Inc                                                           | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $63279.36     | 0.13%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd        | SEAGATE DATA STOR                                                               | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    127000 | PA      | $134448.08    | 0.28%             | 2031-07-15      | Fixed         | 8.50%                 | 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        |    115000 | PA      | $119880.72    | 0.25%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                       | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    190000 | PA      | $178253.99    | 0.37%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                   | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    213000 | PA      | $202638.30    | 0.42%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                        | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    270000 | PA      | $283724.16    | 0.59%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    405000 | PA      | $370096.68    | 0.77%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| SIX FLAGS ENTERTAINME                          | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    216000 | PA      | $213249.47    | 0.44%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    297000 | PA      | $316895.46    | 0.66%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                           | Sonic Automotive Inc                                                            | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    119000 | PA      | $114732.32    | 0.24%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                        | Sotera Health Holdings LLC                                                      | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    203000 | PA      | $213977.54    | 0.45%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY INDUSTRIES                        | South Jersey Industries Inc                                                     | CUSIP: 838518AA6<br>LEI: 549300DJYWYT5VXLFA46 | Long             | DBT              | CORP              | US        |     63000 | PA      | $54547.78     | 0.11%             | 2031-04-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                      | Block Inc                                                                       | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    270000 | PA      | $252444.48    | 0.53%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                      | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    289000 | PA      | $266666.91    | 0.56%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                               | Star Holding LLC                                                                | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |     94000 | PA      | $94002.74     | 0.20%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                     | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    140000 | PA      | $141963.75    | 0.30%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                            | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    128000 | PA      | $122840.52    | 0.26%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| STENA INTERNATIONAL SA                         | Stena International SA                                                          | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    215000 | PA      | $220915.87    | 0.46%             | 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        |    110000 | PA      | $113845.37    | 0.24%             | 2031-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                               | StoneX Group Inc                                                                | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    149000 | PA      | $158485.57    | 0.33%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                       | Suburban Propane Partners LP/Suburban Energy Finance Corp                       | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $168120.51    | 0.35%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                       | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271641.04    | 0.57%             | 2031-03-15      | Fixed         | 5.63%                 | 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        |    120000 | PA      | $120798.57    | 0.25%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                           | Talos Production Inc                                                            | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    159000 | PA      | $168374.41    | 0.35%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                            | Somnigroup International Inc                                                    | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    194000 | PA      | $181043.41    | 0.38%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                           | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     88000 | PA      | $96286.38     | 0.20%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    364000 | PA      | $378239.73    | 0.79%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                   | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    270000 | PA      | $282876.90    | 0.59%             | 2031-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                       | Transocean International Ltd                                                    | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    107000 | PA      | $105465.28    | 0.22%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                       | Transocean International Ltd                                                    | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    243000 | PA      | $247221.56    | 0.51%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| TRINET GROUP INC                               | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    108000 | PA      | $111225.10    | 0.23%             | 2031-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                          | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    165000 | PA      | $180221.16    | 0.38%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| TWILIO INC                                     | Twilio Inc                                                                      | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127652.31    | 0.27%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UKG INC                                        | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    674000 | PA      | $673635.64    | 1.40%             | 2031-02-01      | 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        |    310000 | PA      | $297119.09    | 0.62%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                               | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $268297.23    | 0.56%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                                    | Unisys Corp                                                                     | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    190000 | PA      | $179949.02    | 0.37%             | 2031-01-15      | Fixed         | 10.63%                | No            |                  2 | On Loan: —       |
| UNITED AIRLINES HOLDINGS                       | United Airlines Holdings Inc                                                    | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80811.54     | 0.17%             | 2031-03-01      | 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        |    297000 | PA      | $283280.19    | 0.59%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications Inc                                                    | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    338000 | PA      | $352833.66    | 0.73%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                          | VFH Parent LLC / Valor Co-Issuer Inc                                            | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $134108.18    | 0.28%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                  | Valvoline Inc                                                                   | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |    137000 | PA      | $125968.66    | 0.26%             | 2031-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| VELOCITY COM CAP LLC                           | Velocity Commercial Capital LLC                                                 | CUSIP: 92259RAE5<br>LEI: 549300TA4MQM8WN2XG31 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50754.09     | 0.11%             | 2031-02-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    337000 | PA      | $310998.55    | 0.65%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    587000 | PA      | $600444.17    | 1.25%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| VERSANT MEDIA GROUP INC                        | Versant Media Group Inc                                                         | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    270000 | PA      | $276643.13    | 0.58%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                     | Viasat Inc                                                                      | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    198000 | PA      | $192150.88    | 0.40%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                       | Viking Baked Goods Acquisition Corp                                             | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    243000 | PA      | $241231.59    | 0.50%             | 2031-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| VIKING CRUISES LTD                             | Viking Cruises Ltd                                                              | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    194000 | PA      | $206845.09    | 0.43%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    389000 | PA      | $411818.54    | 0.86%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $307603.26    | 0.64%             | 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        |    378000 | PA      | $345843.34    | 0.72%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                              | Vornado Realty LP                                                               | CUSIP: 929043AL1<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |     91000 | PA      | $82994.24     | 0.17%             | 2031-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                           | WR Grace Holdings LLC                                                           | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     81000 | PA      | $82670.10     | 0.17%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares                           | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   6704723 | NS      | $6708075.48   | 13.97%            |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                  | CUSIP: 963320AY2<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     75000 | PA      | $62675.16     | 0.13%             | 2031-05-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                                 | William Carter Co/The                                                           | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149954.80    | 0.31%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                          | Williams Scotsman Inc                                                           | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    122000 | PA      | $127290.51    | 0.27%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| WINDSTREAM SERVICES/ESCR                       | Windstream Services LLC / Windstream Escrow Finance Corp                        | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    573000 | PA      | $600397.67    | 1.25%             | 2031-10-01      | Fixed         | 8.25%                 | 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        |   1260000 | NS      | $1260000.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    249000 | PA      | $268338.75    | 0.56%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| XPO INC                                        | XPO Inc                                                                         | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    122000 | PA      | $126777.95    | 0.26%             | 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        |    205000 | PA      | $215290.46    | 0.45%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| XEROX CORPORATION                              | Xerox Corp                                                                      | CUSIP: 984121CT8<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    135000 | PA      | $98197.38     | 0.20%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                 | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    283000 | PA      | $267478.22    | 0.56%             | 2031-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                    | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    375000 | PA      | $384336.36    | 0.80%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer