# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-037479
**Filing Date:** 2023-2
**Character Count:** 273295
**Document Hash:** 27a21914cfa3fc5795c273e729c15472
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037479.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037479

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 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:** 23661268

**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 Preferred and Income Securities ETF (Series ID: S000013499)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000036528 | iShares Preferred and Income Securities ETF | PFF             |

## Nport-Ex

Schedule of Investments (unaudited)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Preferred Stocks — 99.5%** | **Preferred Stocks — 99.5%** | **Preferred Stocks — 99.5%** |
| **Auto Components — 0.7%** | **Auto Components — 0.7%** | **Auto Components — 0.7%** |
| Aptiv PLC, Series A, 5.50%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862623 | &nbsp;&nbsp;&nbsp;&nbsp;$92576700 |
| **Automobiles — 1.1%** | **Automobiles — 1.1%** | **Automobiles — 1.1%** |
| Ford Motor Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2400534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51395433 |
| &nbsp;&nbsp;&nbsp;6.50%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;1802695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42092928 |
| &nbsp;&nbsp;&nbsp;6.20%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2250519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49128830 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142617191 |
| **Banks — 26.7%** | **Banks — 26.7%** | **Banks — 26.7%** |
| Associated Banc-Corp |  |  |
| &nbsp;&nbsp;&nbsp;Series E, 5.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6661581 |
| &nbsp;&nbsp;&nbsp;Series F, 5.63%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6181263 |
| Atlantic Union Bankshares Corp., Series A, 6.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12999466 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series 02, (3 mo. USD LIBOR + 0.650%), 5.39%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10624472 |
| &nbsp;&nbsp;&nbsp;Series 4, (3 mo. USD LIBOR + 0.750%), 5.49%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7590410 |
| &nbsp;&nbsp;&nbsp;Series 5, (3 mo. USD LIBOR + 0.500%), 5.18%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14945767 |
| &nbsp;&nbsp;&nbsp;Series E, (3 mo. USD LIBOR + 0.350%), 4.96%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10864033 |
| &nbsp;&nbsp;&nbsp;Series GG, 6.00%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2558077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61189202 |
| &nbsp;&nbsp;&nbsp;Series HH, 5.88%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1610912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37373158 |
| &nbsp;&nbsp;&nbsp;Series K\*, (3 mo. USD LIBOR + 1.327%), 6.45%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1989731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49464713 |
| &nbsp;&nbsp;&nbsp;Series KK, 5.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2640948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55301451 |
| &nbsp;&nbsp;&nbsp;Series L, 7.25%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171083760 |
| &nbsp;&nbsp;&nbsp;Series LL, 5.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2473195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48103643 |
| &nbsp;&nbsp;&nbsp;Series NN, 4.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2074324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36404386 |
| &nbsp;&nbsp;&nbsp;Series PP, 4.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1728390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28864113 |
| &nbsp;&nbsp;&nbsp;Series QQ, 4.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2456137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41631522 |
| &nbsp;&nbsp;&nbsp;Series SS, 4.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1320008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24829350 |
| Bank of Hawaii Corp., Series A, 4.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9427672 |
| Bank OZK, Series A, 4.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1052566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16598966 |
| Cadence Bank, Series A, 5.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10226888 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series J, (3 mo. USD LIBOR + 4.040%), 7.13%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2850640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71722102 |
| &nbsp;&nbsp;&nbsp;Series K, (3 mo. USD LIBOR + 4.130%), 6.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4486502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112297145 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 3.642%), 6.35%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21095832 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1347127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25999551 |
| ConnectOne Bancorp, Inc., Series A, (5 year CMT + 4.420%), 5.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7065889 |
| Cullen/Frost Bankers, Inc., Series B, 4.45%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8349568 |
| Dime Community Bancshares, Inc., 5.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7366113 |
| Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 6.00%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13481243 |
| &nbsp;&nbsp;&nbsp;Series I, (3 mo. USD LIBOR + 3.710%), 6.63%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1348520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33065710 |
| &nbsp;&nbsp;&nbsp;Series K, 4.95%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14960595 |
| First Citizens BancShares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1032001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20103379 |
| &nbsp;&nbsp;&nbsp;Series C, 5.63%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12252206 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| First Horizon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451602 | &nbsp;&nbsp;&nbsp;&nbsp;$10996509 |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 3.859%), 6.10%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7375580 |
| &nbsp;&nbsp;&nbsp;Series F, 4.70%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9100465 |
| First Republic Bank |  |  |
| &nbsp;&nbsp;&nbsp;Series H, 5.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11957962 |
| &nbsp;&nbsp;&nbsp;Series I, 5.50%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19209617 |
| &nbsp;&nbsp;&nbsp;Series J, 4.70%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1183121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21946895 |
| &nbsp;&nbsp;&nbsp;Series K, 4.13%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1497473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23959568 |
| &nbsp;&nbsp;&nbsp;Series L, 4.25%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2239653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36797499 |
| &nbsp;&nbsp;&nbsp;Series M, 4.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2249965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35256952 |
| &nbsp;&nbsp;&nbsp;Series N, 4.50%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2220412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38324311 |
| FNB Corp., (3 mo. USD LIBOR + 4.600%), 7.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8511696 |
| Fulton Financial Corp., Series A, 5.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11811724 |
| Hancock Whitney Corp., 6.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11737914 |
| Heartland Financial U.S.A., Inc., Series E, (5 year CMT + 6.675%), 7.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8864671 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series C, 5.70%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11406432 |
| &nbsp;&nbsp;&nbsp;Series H, 4.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1497282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25393903 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;Series DD, 5.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5089848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119051545 |
| &nbsp;&nbsp;&nbsp;Series EE, 6.00%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5551265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137449321 |
| &nbsp;&nbsp;&nbsp;Series GG, 4.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2700625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52014037 |
| &nbsp;&nbsp;&nbsp;Series JJ, 4.55%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4500915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83762028 |
| &nbsp;&nbsp;&nbsp;Series LL, 4.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5551264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104585814 |
| &nbsp;&nbsp;&nbsp;Series MM, 4.20%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;6001359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104723715 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp;(5 year CMT + 3.132%), 6.20%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1800412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44164106 |
| &nbsp;&nbsp;&nbsp;Series E, (3 mo. USD LIBOR + 3.892%), 6.13%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1498999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34746797 |
| &nbsp;&nbsp;&nbsp;Series F, 5.65%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1272880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26450446 |
| &nbsp;&nbsp;&nbsp;Series G, 5.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1347891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27982217 |
| M&T Bank Corp., Series H, (3 mo. USD LIBOR + 4.020%), 5.63%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17596472 |
| Midland States Bancorp, Inc., (5 year CMT + 4.713%), 7.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8918436 |
| Old National Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 7.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8195897 |
| &nbsp;&nbsp;&nbsp;Series C, 7.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9253267 |
| PacWest Bancorp, Series A, (5 year CMT + 4.820%), 7.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1539270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38481750 |
| Pinnacle Financial Partners, Inc., Series B, 6.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17361254 |
| Popular Capital Trust II, 6.13%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9866896 |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 3.536%), 6.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1499926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35983225 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 3.148%), 5.70%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1499505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34158724 |
| &nbsp;&nbsp;&nbsp;Series E, 4.45%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1204147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21000324 |
| Signature Bank, Series a, 5.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2189116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33646713 |
| Silvergate Capital Corp., Series A, 5.38%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6978038 |
| SVB Financial Group, Series A, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1045892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17937048 |
| Synovus Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 3.352%), 6.30%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14169614 |
| &nbsp;&nbsp;&nbsp;Series E, (5 year CMT + 4.127%), 5.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1047775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22789106 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Texas Capital Bancshares, Inc., Series B, 5.75%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896634 | &nbsp;&nbsp;&nbsp;&nbsp;$17152608 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series I, (3 mo. USD LIBOR + 0.530%), 5.30%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9299283 |
| &nbsp;&nbsp;&nbsp;Series O, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1725014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36760048 |
| &nbsp;&nbsp;&nbsp;Series R, 4.75%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2775596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52986128 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 1.020%), 5.85%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76572899 |
| &nbsp;&nbsp;&nbsp;Series B\*, (3 mo. USD LIBOR + 0.600%), 5.41%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55210709 |
| &nbsp;&nbsp;&nbsp;Series K, 5.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1724444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38472346 |
| &nbsp;&nbsp;&nbsp;Series L, 3.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1497498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23211219 |
| &nbsp;&nbsp;&nbsp;Series M, 4.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2250305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36544953 |
| &nbsp;&nbsp;&nbsp;Series O, 4.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1347869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24706439 |
| United Community Banks, Inc., Series I, 6.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7750581 |
| Valley National Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 3.850%), 6.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8421611 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 3.578%), 8.39%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7559292 |
| Washington Federal, Inc., Series A, 4.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15935620 |
| Webster Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series F, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8545797 |
| &nbsp;&nbsp;&nbsp;Series G, 6.50%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9814608 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;Series AA, 4.70%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2429003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44669365 |
| &nbsp;&nbsp;&nbsp;Series CC, 4.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2178813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37105185 |
| &nbsp;&nbsp;&nbsp;Series DD, 4.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2586016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42591683 |
| &nbsp;&nbsp;&nbsp;Series L, 7.50%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247020360 |
| &nbsp;&nbsp;&nbsp;Series Q, (3 mo. USD LIBOR + 3.090%), 5.85%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3586400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82523064 |
| &nbsp;&nbsp;&nbsp;Series R, (3 mo. USD LIBOR + 3.690%), 6.63%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1743658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43120662 |
| &nbsp;&nbsp;&nbsp;Series Y, 5.63%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1401295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30534218 |
| &nbsp;&nbsp;&nbsp;Series Z, 4.75%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4244777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77764315 |
| WesBanco, Inc., Series A, (5 year CMT + 6.557%), 6.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11340223 |
| Western Alliance Bancorp, Series A, (5 year CMT + 3.452%), 4.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18081484 |
| Wintrust Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 4.060%), 6.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8955056 |
| &nbsp;&nbsp;&nbsp;Series E, (5 year CMT + 6.507%), 6.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22413602 |
| Zions Bancorp N.A., Series G, (3 mo. USD LIBOR + 4.240%), 6.30%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10564854 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3437671849 |
| **Capital Markets — 11.0%** | **Capital Markets — 11.0%** | **Capital Markets — 11.0%** |
| Affiliated Managers Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.20%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8875101 |
| &nbsp;&nbsp;&nbsp;4.75%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13922957 |
| &nbsp;&nbsp;&nbsp;5.88%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18650133 |
| B Riley Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11055894 |
| &nbsp;&nbsp;&nbsp;6.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13459401 |
| &nbsp;&nbsp;&nbsp;5.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13921466 |
| &nbsp;&nbsp;&nbsp;5.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17276855 |
| &nbsp;&nbsp;&nbsp;5.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20394774 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** |
| B Riley Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8171706 |
| &nbsp;&nbsp;&nbsp;6.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9757680 |
| Brookfield Finance I UK PLC, 4.50%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10300798 |
| Brookfield Finance, Inc., Series 50, 4.63%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;1203420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18291984 |
| Carlyle Finance LLC, 4.63%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;1497428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24243359 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 5.95%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2250519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53089743 |
| &nbsp;&nbsp;&nbsp;Series J, 4.45%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1799538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33291453 |
| Cowen, Inc., 7.75%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7574300 |
| First Eagle Alternative Capital BDC, Inc., 5.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7745254 |
| Gladstone Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8866385 |
| &nbsp;&nbsp;&nbsp;4.88%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8828804 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 0.750%), 5.34%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2249595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41415044 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 0.750%), 5.34%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11819400 |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 0.670%), 5.26%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4050859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74697840 |
| &nbsp;&nbsp;&nbsp;Series J, (3 mo. USD LIBOR + 3.640%), 5.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73964346 |
| &nbsp;&nbsp;&nbsp;Series K, (3 mo. USD LIBOR + 3.550%), 6.38%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2105150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52144566 |
| KKR & Co., Inc., Series C, 6.00%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1725441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98781497 |
| KKR Group Finance Co. IX LLC, 4.63%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;1498179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25094498 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 0.700%), 5.49%<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3300746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62516129 |
| &nbsp;&nbsp;&nbsp;Series E, (3 mo. USD LIBOR + 4.320%), 7.13%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2588065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65089835 |
| &nbsp;&nbsp;&nbsp;Series F, (3 mo. USD LIBOR + 3.940%), 6.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2550488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63711190 |
| &nbsp;&nbsp;&nbsp;Series I, (3 mo. USD LIBOR + 3.708%), 6.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72794119 |
| &nbsp;&nbsp;&nbsp;Series K, (3 mo. USD LIBOR + 3.491%), 5.85%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69043392 |
| &nbsp;&nbsp;&nbsp;Series L, 4.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1498910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29588483 |
| &nbsp;&nbsp;&nbsp;Series O, 4.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3900794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67015641 |
| &nbsp;&nbsp;&nbsp;Series P, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75764695 |
| Newtek Business Services Corp., 5.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7477977 |
| Northern Trust Corp., Series E, 4.70%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1197924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23718895 |
| Oaktree Capital Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 6.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11593487 |
| &nbsp;&nbsp;&nbsp;Series B, 6.55%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15005480 |
| Prospect Capital Corp., Series A, 5.35%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6751988 |
| State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 3.108%), 5.90%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2250519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54237508 |
| &nbsp;&nbsp;&nbsp;Series G, (3 mo. USD LIBOR + 3.709%), 5.35%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1499241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35247156 |
| Stifel Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.20%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13661686 |
| &nbsp;&nbsp;&nbsp;Series B, 6.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11077283 |
| &nbsp;&nbsp;&nbsp;Series C, 6.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16269395 |
| &nbsp;&nbsp;&nbsp;Series D, 4.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14587924 |
| Trinity Capital, Inc., 7.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13215903 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1414003404 |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| EIDP, Inc., Series B, 4.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9809904 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** |
| Charah Solutions, Inc., 8.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4105651 |
| GFL Environmental, Inc., 6.00%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56774532 |
| Pitney Bowes, Inc., 6.70%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1295447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21310103 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82190286 |
| **Consumer Finance — 2.2%** | **Consumer Finance — 2.2%** | **Consumer Finance — 2.2%** |
| Atlanticus Holdings Corp., 6.13%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9620229 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4500915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81016470 |
| &nbsp;&nbsp;&nbsp;Series J, 4.80%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3750840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65264616 |
| &nbsp;&nbsp;&nbsp;Series K, 4.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6552886 |
| &nbsp;&nbsp;&nbsp;Series L, 4.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2024172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32224818 |
| &nbsp;&nbsp;&nbsp;Series N, 4.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1272596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19839772 |
| Navient Corp., 6.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15780683 |
| SLM Corp., Series B, (3 mo. USD LIBOR + 1.700%), 6.47%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17194621 |
| Synchrony Financial, Series A, 5.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2249187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38573557 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286067652 |
| **Diversified Financial Services — 2.7%** | **Diversified Financial Services — 2.7%** | **Diversified Financial Services — 2.7%** |
| Apollo Asset Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 6.38%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18077536 |
| &nbsp;&nbsp;&nbsp;Series B, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19590516 |
| Citigroup Capital XIII, (3 mo. USD LIBOR + 6.370%), 10.79%, NVS<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;6739517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191402283 |
| Compass Diversified Holdings |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 7.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7613704 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 4.985%), 7.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6944911 |
| &nbsp;&nbsp;&nbsp;Series C, 7.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7898938 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2400534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45154045 |
| &nbsp;&nbsp;&nbsp;Series C, 4.30%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15877429 |
| National Rural Utilities Cooperative Finance Corp., Series US, 5.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18107823 |
| Voya Financial, Inc., Series B, (5 year CMT + 3.210%), 5.35%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19796890 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350464075 |
| **Diversified Telecommunication Services — 3.0%** | **Diversified Telecommunication Services — 3.0%** | **Diversified Telecommunication Services — 3.0%** |
| AT&T Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.35%<br>| &nbsp;&nbsp;&nbsp;&nbsp;3968318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86033134 |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2475505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56193963 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3600825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66075139 |
| &nbsp;&nbsp;&nbsp;Series C, 4.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5251173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91580457 |
| Qwest Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.75%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1979034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34435192 |
| &nbsp;&nbsp;&nbsp;6.50%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;2933131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48983288 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383301173 |
| **Electric Utilities — 9.5%** | **Electric Utilities — 9.5%** | **Electric Utilities — 9.5%** |
| American Electric Power Co., Inc., 6.13%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1275335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65781779 |
| BIP Bermuda Holdings I Ltd., 5.13%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14571430 |
| Brookfield BRP Holdings Canada, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1052569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14599132 |
| &nbsp;&nbsp;&nbsp;4.88%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11258592 |
| Brookfield Infrastructure Finance ULC, 5.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11583653 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1498990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34176972 |
| &nbsp;&nbsp;&nbsp;Series A, 5.75%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70183613 |
| Entergy Arkansas LLC, 4.88%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1227537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24673494 |
| Entergy Louisiana LLC, 4.88%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16464591 |
| Entergy Mississippi LLC, 4.90%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;776291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15813048 |
| Georgia Power Co., Series 2017, 5.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19112572 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| NextEra Energy Capital Holdings, Inc., Series N, 5.65%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2062988 | &nbsp;&nbsp;&nbsp;&nbsp;$47159906 |
| NextEra Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.28%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3753466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190300726 |
| &nbsp;&nbsp;&nbsp;6.22%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3003151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151629094 |
| &nbsp;&nbsp;&nbsp;6.93%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3003184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150729805 |
| Pacific Gas and Electric Co., Series A, 6.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6319084 |
| PG&E Corp., 5.50%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1201175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173257482 |
| SCE Trust II, 5.10%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11788635 |
| SCE Trust III, Series H, (3 mo. USD LIBOR + 2.990%), 5.75%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15336214 |
| SCE Trust IV, Series J, (3 mo. USD LIBOR + 3.132%), 5.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17570901 |
| SCE Trust V, Series K, (3 mo. USD LIBOR + 3.790%), 5.45%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17417210 |
| SCE Trust VI, 5.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1422328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24762730 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1347977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28550153 |
| &nbsp;&nbsp;&nbsp;Series 2020, 4.95%<br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58931430 |
| &nbsp;&nbsp;&nbsp;Series C, 4.20%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2249485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39028565 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1231000811 |
| **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** |
| Babcock & Wilcox Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9401458 |
| &nbsp;&nbsp;&nbsp;8.13%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11588259 |
| &nbsp;&nbsp;&nbsp;Series A, 7.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8508081 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29497798 |
| **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** |
| Coherent Corp., Series A, 6.00%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27573636 |
| **Energy Equipment & Services — 0.1%** | **Energy Equipment & Services — 0.1%** | **Energy Equipment & Services — 0.1%** |
| Hoegh LNG Partners LP, Series A, 8.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9591710 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Chicken Soup For The Soul Entertainment, Inc., Series A, NVS, 9.75%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6715190 |
| **Equity Real Estate Investment Trusts (REITs) — 6.2%** | **Equity Real Estate Investment Trusts (REITs) — 6.2%** | **Equity Real Estate Investment Trusts (REITs) — 6.2%** |
| Agree Realty Corp., Series A, 4.25%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8483139 |
| American Homes 4 Rent |  |  |
| &nbsp;&nbsp;&nbsp;Series G, 5.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7665078 |
| &nbsp;&nbsp;&nbsp;Series H, 6.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7941562 |
| Armada Hoffler Properties, Inc., Series A, 6.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10800363 |
| Braemar Hotels & Resorts, Inc., Series B, 5.50%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3532554 |
| Brookfield DTLA Fund Office Trust Investor, Inc., Series A, 7.63%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2657447 |
| Cedar Realty Trust, Inc., Series C, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4368946 |
| Chatham Lodging Trust, Series A, 6.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7231033 |
| City Office REIT, Inc., Series A, 6.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6363248 |
| CorEnergy Infrastructure Trust, Inc., Series A, 7.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4367511 |
| DiamondRock Hospitality Co., 8.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8863052 |
| Digital Realty Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series J, 5.25%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12648112 |
| &nbsp;&nbsp;&nbsp;Series K, 5.85%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14417380 |
| &nbsp;&nbsp;&nbsp;Series L, 5.20%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1038211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20982244 |
| Diversified Healthcare Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.25%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8606776 |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1053144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11373955 |
| EPR Properties |  |  |
| &nbsp;&nbsp;&nbsp;Series C, 5.75%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7264966 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Equity Real Estate Investment Trusts (REITs) (continued)** | **Equity Real Estate Investment Trusts (REITs) (continued)** | **Equity Real Estate Investment Trusts (REITs) (continued)** |
| EPR Properties |  |  |
| &nbsp;&nbsp;&nbsp;Series E, 9.00%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6672226 |
| &nbsp;&nbsp;&nbsp;Series G, 5.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7484378 |
| Equity Commonwealth, Series D, 6.50%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9153783 |
| Federal Realty Investment Trust, Series C, 5.00%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9109938 |
| Gladstone Commercial Corp., Series G, 6.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6002238 |
| Gladstone Land Corp., Series B, 6.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10530482 |
| Global Net Lease, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 7.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10759852 |
| &nbsp;&nbsp;&nbsp;Series B, 6.88%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6851457 |
| Hersha Hospitality Trust |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10839585 |
| &nbsp;&nbsp;&nbsp;Series E, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5493926 |
| Hudson Pacific Properties, Inc., Series C, 4.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1278562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16020382 |
| iStar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 8.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7465905 |
| &nbsp;&nbsp;&nbsp;Series I, 7.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9204298 |
| Kimco Realty Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series L, 5.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13291094 |
| &nbsp;&nbsp;&nbsp;Series M, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16012153 |
| LXP Industrial Trust, Series C, 6.50%, NVS<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6920037 |
| National Storage Affiliates Trust, Series A, 6.00%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15045384 |
| Necessity Retail REIT, Inc., Series A, 7.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12088541 |
| Office Properties Income Trust, 6.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8470863 |
| Pebblebrook Hotel Trust |  |  |
| &nbsp;&nbsp;&nbsp;Series E, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5934185 |
| &nbsp;&nbsp;&nbsp;Series F, 6.30%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8035668 |
| &nbsp;&nbsp;&nbsp;Series G, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12590633 |
| &nbsp;&nbsp;&nbsp;Series H, 5.70%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12407901 |
| Pennsylvania Real Estate Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;Series C, 7.20%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623629 |
| &nbsp;&nbsp;&nbsp;Series D, 6.88%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392246 |
| PS Business Parks, Inc., Series X, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9452404 |
| Public Storage |  |  |
| &nbsp;&nbsp;&nbsp;Series F, 5.15%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17761818 |
| &nbsp;&nbsp;&nbsp;Series G, 5.05%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19529035 |
| &nbsp;&nbsp;&nbsp;Series H, 5.60%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19971920 |
| &nbsp;&nbsp;&nbsp;Series I, 4.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19174438 |
| &nbsp;&nbsp;&nbsp;Series J, 4.70%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15023178 |
| &nbsp;&nbsp;&nbsp;Series K, 4.75%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13883656 |
| &nbsp;&nbsp;&nbsp;Series L, 4.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1693266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32358313 |
| &nbsp;&nbsp;&nbsp;Series M, 4.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11905758 |
| &nbsp;&nbsp;&nbsp;Series N, 3.88%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13831306 |
| &nbsp;&nbsp;&nbsp;Series O, 3.90%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8374717 |
| &nbsp;&nbsp;&nbsp;Series P, 4.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1808878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30081641 |
| &nbsp;&nbsp;&nbsp;Series Q, 3.95%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6964198 |
| &nbsp;&nbsp;&nbsp;Series R, 4.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1308966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21859732 |
| &nbsp;&nbsp;&nbsp;Series S, 4.10%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12844058 |
| RLJ Lodging Trust, Series A, 1.95%<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22919310 |
| Saul Centers, Inc., Series E, 6.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6516681 |
| SITE Centers Corp., Series A, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11700577 |
| SL Green Realty Corp., Series I, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13988054 |
| Spirit Realty Capital, Inc., Series A, 6.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11551043 |
| Summit Hotel Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series E, 6.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8809498 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Equity Real Estate Investment Trusts (REITs) (continued)** | **Equity Real Estate Investment Trusts (REITs) (continued)** | **Equity Real Estate Investment Trusts (REITs) (continued)** |
| Summit Hotel Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series F, 5.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5168789 |
| Sunstone Hotel Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series H, 6.13%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6710402 |
| &nbsp;&nbsp;&nbsp;Series I, 5.70%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5430192 |
| UMH Properties, Inc., Series D, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14412148 |
| Urstadt Biddle Properties, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series H, 6.25%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7331754 |
| &nbsp;&nbsp;&nbsp;Series K, 5.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6587023 |
| Vornado Realty Trust |  |  |
| &nbsp;&nbsp;&nbsp;Series L, 5.40%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14599505 |
| &nbsp;&nbsp;&nbsp;Series M, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15441160 |
| &nbsp;&nbsp;&nbsp;Series N, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14662576 |
| &nbsp;&nbsp;&nbsp;Series O, 4.45%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12279222 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806092256 |
| **Food Products — 1.3%** | **Food Products — 1.3%** | **Food Products — 1.3%** |
| CHS, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25890543 |
| &nbsp;&nbsp;&nbsp;Series 1, 7.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1609127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41161468 |
| &nbsp;&nbsp;&nbsp;Series 2, (3 mo. USD LIBOR + 4.298%), 7.10%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1263621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30743899 |
| &nbsp;&nbsp;&nbsp;Series 3, (3 mo. USD LIBOR + 4.155%), 6.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1476334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35476306 |
| &nbsp;&nbsp;&nbsp;Series 4, 7.50%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1551835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40301155 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173573371 |
| **Gas Utilities — 0.6%** | **Gas Utilities — 0.6%** | **Gas Utilities — 0.6%** |
| Entergy New Orleans LLC, 5.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7319211 |
| South Jersey Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.75%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34666537 |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10078776 |
| Spire, Inc., Series A, 5.90%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16979844 |
| UGI Corp., 7.25%<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14298584 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83342952 |
| **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** | **Health Care Equipment & Supplies — 1.5%** |
| Becton Dickinson and Co., Series B, 6.00%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2250519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112705991 |
| Boston Scientific Corp., Series A, 5.50%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86674633 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199380624 |
| **Health Care Technology — 0.1%** | **Health Care Technology — 0.1%** | **Health Care Technology — 0.1%** |
| CareCloud, Inc., Series A, 11.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9122799 |
| **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** |
| FAT Brands, Inc., Series B, NVS, 8.25%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10724086 |
| **Independent Power and Renewable Electricity Producers — 0.9%** | **Independent Power and Renewable Electricity Producers — 0.9%** | **Independent Power and Renewable Electricity Producers — 0.9%** |
| AES Corp., 6.88%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79818031 |
| Brookfield Renewable Partners LP, Series 17, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11295051 |
| Tennessee Valley Authority |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (30 yr. CMT + 0.840%), 2.22%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13681894 |
| &nbsp;&nbsp;&nbsp;Series D, (30 yr. CMT + 0.940%), 2.13%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;766540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16986526 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121781502 |
| **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** |
| Steel Partners Holdings LP, Series A, 6.00%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11096348 |
| **Insurance — 11.1%** | **Insurance — 11.1%** | **Insurance — 11.1%** |
| AEGON Funding Co. LLC, 5.10%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;2775596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52902860 |
| Allstate Corp. |  |  |
| &nbsp;&nbsp;&nbsp;(3 mo. USD LIBOR + 3.165%), 7.99%, NVS<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1499858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37181480 |
| &nbsp;&nbsp;&nbsp;Series G, 5.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1725365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37492181 |
| &nbsp;&nbsp;&nbsp;Series H, 5.10%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3450688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68358129 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Allstate Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series I, 4.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898720 | &nbsp;&nbsp;&nbsp;&nbsp;$17983387 |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (5 year CMT + 4.322%), 5.95%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1197735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24086451 |
| &nbsp;&nbsp;&nbsp;Series B, (5 year CMT + 6.297%), 6.63%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20130417 |
| American Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.88%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8554168 |
| &nbsp;&nbsp;&nbsp;4.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11333133 |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9834566 |
| &nbsp;&nbsp;&nbsp;5.13%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12564598 |
| American International Group, Inc., Series A, 5.85%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1498810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32089522 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Series F, 5.45%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20042779 |
| &nbsp;&nbsp;&nbsp;Series G, 4.55%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1497456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25861065 |
| Argo Group International Holdings Ltd., (5 year CMT + 6.712%), 7.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8261389 |
| Argo Group U.S., Inc., 6.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8477431 |
| Aspen Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13578503 |
| &nbsp;&nbsp;&nbsp;5.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13485402 |
| &nbsp;&nbsp;&nbsp;(3 mo. USD LIBOR + 4.060%), 5.95%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19081289 |
| Assurant, Inc., 5.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15384558 |
| Athene Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;(5 year CMT + 3.962%), 7.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1501366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38594715 |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 4.253%), 6.35%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2588065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55513994 |
| &nbsp;&nbsp;&nbsp;Series B, 5.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1033580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20537235 |
| &nbsp;&nbsp;&nbsp;Series C, (5 year CMT + 5.970%), 6.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1800412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43101863 |
| &nbsp;&nbsp;&nbsp;Series D, 4.88%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1723421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29367094 |
| Axis Capital Holdings Ltd., Series E, 5.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1649502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32330239 |
| Brighthouse Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1123455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28277362 |
| &nbsp;&nbsp;&nbsp;Series A, 6.60%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1273853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28024766 |
| &nbsp;&nbsp;&nbsp;Series B, 6.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1206269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27768312 |
| &nbsp;&nbsp;&nbsp;Series C, 5.38%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1723813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30011584 |
| &nbsp;&nbsp;&nbsp;Series D, 4.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1048235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15933172 |
| CNO Financial Group, Inc., 5.13%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7652215 |
| Enstar Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 4.015%), 7.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1198319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25644027 |
| &nbsp;&nbsp;&nbsp;Series E, 7.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7323979 |
| Globe Life, Inc., 4.25%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17379432 |
| Hartford Financial Services Group, Inc., Series G, 6.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1032500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25998350 |
| Kemper Corp., (5 year CMT + 4.140%), 5.88%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8213533 |
| Lincoln National Corp., 9.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1501354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40891628 |
| Maiden Holdings Ltd., 6.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5763263 |
| Maiden Holdings North America Ltd., 7.75%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8567795 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 1.000%), 5.75%, NVS<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1800266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39101778 |
| &nbsp;&nbsp;&nbsp;Series E, 5.63%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2415501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55604833 |
| &nbsp;&nbsp;&nbsp;Series F, 4.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3000582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58661378 |
| PartnerRe Ltd., Series J, 4.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11324333 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.95%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21867657 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1694592 | &nbsp;&nbsp;&nbsp;&nbsp;$41483612 |
| &nbsp;&nbsp;&nbsp;4.13%, NVS<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1497607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27181567 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;(3 mo. USD LIBOR + 4.040%), 5.75%, NVS<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1198798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27716210 |
| &nbsp;&nbsp;&nbsp;(5 year CMT + 3.456%), 7.13%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2100370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54504601 |
| RenaissanceRe Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Series F, 5.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16299345 |
| &nbsp;&nbsp;&nbsp;Series G, 4.20%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1496864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24294103 |
| Selective Insurance Group, Inc., Series B, 4.60%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10078777 |
| SiriusPoint Ltd., Series B, (5 year CMT + 7.298%), 8.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13990036 |
| Unum Group, 6.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21484522 |
| W R Berkley Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.70%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12362625 |
| &nbsp;&nbsp;&nbsp;5.10%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18189598 |
| &nbsp;&nbsp;&nbsp;4.13%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16015101 |
| &nbsp;&nbsp;&nbsp;4.25%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13937133 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1437675075 |
| **Internet & Direct Marketing Retail — 0.5%** | **Internet & Direct Marketing Retail — 0.5%** | **Internet & Direct Marketing Retail — 0.5%** |
| Qurate Retail, Inc., 8.00%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;949348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32524662 |
| QVC, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1496799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17916684 |
| &nbsp;&nbsp;&nbsp;6.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7979991 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58421337 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| Exela Technologies, Inc., Series B, 6.00%<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637725 |
| Sabre Corp., 6.50%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20699507 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21337232 |
| **Leisure Products — 0.3%** | **Leisure Products — 0.3%** | **Leisure Products — 0.3%** |
| Brunswick Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13410252 |
| &nbsp;&nbsp;&nbsp;6.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9445130 |
| &nbsp;&nbsp;&nbsp;6.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17744491 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40599873 |
| **Life Sciences Tools & Services — 1.4%** | **Life Sciences Tools & Services — 1.4%** | **Life Sciences Tools & Services — 1.4%** |
| Danaher Corp., Series B, 5.00%, NVS<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175206572 |
| **Machinery — 0.5%** | **Machinery — 0.5%** | **Machinery — 0.5%** |
| Chart Industries, Inc., 6.75%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26581349 |
| RBC Bearings, Inc., Series A, 5.00%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35356556 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61937905 |
| **Marine — 0.1%** | **Marine — 0.1%** | **Marine — 0.1%** |
| Global Ship Lease, Inc., 8.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7985701 |
| **Media — 0.2%** | **Media — 0.2%** | **Media — 0.2%** |
| Liberty Broadband Corp., Series A, 7.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12602877 |
| Paramount Global, Series A, 5.75%, NVS<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18626693 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31229570 |
| **Metals & Mining — 0.9%** | **Metals & Mining — 0.9%** | **Metals & Mining — 0.9%** |
| ArcelorMittal SA, 5.50%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1824431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113005256 |
| **Mortgage Real Estate Investment Trusts (REITs) — 5.1%** | **Mortgage Real Estate Investment Trusts (REITs) — 5.1%** | **Mortgage Real Estate Investment Trusts (REITs) — 5.1%** |
| ACRES Commercial Realty Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 5.927%), 8.63%<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7140331 |
| &nbsp;&nbsp;&nbsp;Series D, 7.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6192950 |
| AGNC Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 5.111%), 9.90%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24588847 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Mortgage Real Estate Investment Trusts (REITs) (continued)** | **Mortgage Real Estate Investment Trusts (REITs) (continued)** | **Mortgage Real Estate Investment Trusts (REITs) (continued)** |
| AGNC Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 4.332%), 6.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707607 | &nbsp;&nbsp;&nbsp;&nbsp;$14045999 |
| &nbsp;&nbsp;&nbsp;Series E, (3 mo. USD LIBOR + 4.993%), 6.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1205289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23973198 |
| &nbsp;&nbsp;&nbsp;Series F, (3 mo. USD LIBOR + 4.697%), 6.13%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1724297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33244446 |
| &nbsp;&nbsp;&nbsp;Series G, (5 year CMT + 4.390%), 7.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9891661 |
| Annaly Capital Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series F, (3 mo. USD LIBOR + 4.993%), 9.72%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2160458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52671966 |
| &nbsp;&nbsp;&nbsp;Series G, (3 mo. USD LIBOR + 4.172%), 6.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1273479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29404630 |
| &nbsp;&nbsp;&nbsp;Series I, (3 mo. USD LIBOR + 4.989%), 6.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1326217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29654212 |
| Arbor Realty Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11806789 |
| &nbsp;&nbsp;&nbsp;Series E, 6.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7053619 |
| &nbsp;&nbsp;&nbsp;Series F, (SOFR + 5.440%), 6.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15457609 |
| ARMOUR Residential REIT, Inc., Series C, 7.00%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9856732 |
| Chimera Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 8.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8001594 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 5.791%), 8.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19258034 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 4.743%), 7.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13425449 |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 5.379%), 8.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11337731 |
| Dynex Capital, Inc., Series C, (3 mo. USD LIBOR + 5.461%), 6.90%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7365324 |
| Ellington Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;(3 mo. USD LIBOR + 5.196%), 6.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6483090 |
| &nbsp;&nbsp;&nbsp;Series B, (5 year CMT + 4.990%), 6.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6369574 |
| Franklin BSP Realty Trust, Inc., Series E, 7.50%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13823502 |
| Granite Point Mortgage Trust, Inc., Series A, (SOFR + 5.830%), 7.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10621338 |
| Great Ajax Corp., 7.25%, NVS<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8350727 |
| Invesco Mortgage Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 5.180%), 7.75%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6722727 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 5.289%), 7.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12067402 |
| KKR Real Estate Finance Trust, Inc., Series A, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16154902 |
| MFA Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 7.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10777178 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 5.345%), 6.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14567978 |
| New York Mortgage Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 5.695%), 8.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8112509 |
| &nbsp;&nbsp;&nbsp;Series E, (3 mo. USD LIBOR + 6.429%), 7.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10212055 |
| &nbsp;&nbsp;&nbsp;Series F, (SOFR + 6.130%), 6.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7214393 |
| PennyMac Mortgage Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 5.831%), 8.13%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7615080 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Mortgage Real Estate Investment Trusts (REITs) (continued)** | **Mortgage Real Estate Investment Trusts (REITs) (continued)** | **Mortgage Real Estate Investment Trusts (REITs) (continued)** |
| PennyMac Mortgage Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 5.990%), 8.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587155 | &nbsp;&nbsp;&nbsp;&nbsp;$12347870 |
| &nbsp;&nbsp;&nbsp;Series C, 6.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12905512 |
| Ready Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8667371 |
| &nbsp;&nbsp;&nbsp;6.20%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7211652 |
| &nbsp;&nbsp;&nbsp;5.75%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13984227 |
| &nbsp;&nbsp;&nbsp;Series E, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6236379 |
| Rithm Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 5.802%), 7.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9135442 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 5.640%), 7.13%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16355653 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 4.969%), 6.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1194453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20544592 |
| &nbsp;&nbsp;&nbsp;Series D, (5 year CMT + 6.223%), 7.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1392693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25152036 |
| TPG RE Finance Trust, Inc., Series C, 6.25%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10636180 |
| Two Harbors Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 5.660%), 8.13%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8739897 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 5.352%), 7.63%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16384294 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 5.011%), 7.25%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16614948 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;658379629 |
| **Multiline Retail — 0.2%** | **Multiline Retail — 0.2%** | **Multiline Retail — 0.2%** |
| Dillard's Capital Trust I, 7.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15175328 |
| Franchise Group, Inc., Series A, 7.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6956932 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22132260 |
| **Multi-Utilities — 3.1%** | **Multi-Utilities — 3.1%** | **Multi-Utilities — 3.1%** |
| Algonquin Power & Utilities Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.75%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1724741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41169568 |
| &nbsp;&nbsp;&nbsp;(3 mo. USD LIBOR + 3.677%), 6.88%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19791661 |
| &nbsp;&nbsp;&nbsp;Series 19-A, (3 mo. USD LIBOR + 4.010%), 6.20%, NVS<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1053206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22454352 |
| Brookfield Infrastructure Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;Series 13, 5.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9666245 |
| &nbsp;&nbsp;&nbsp;Series 14, 5.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9268812 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.88%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1889914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42334073 |
| &nbsp;&nbsp;&nbsp;5.88%, NVS<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18689023 |
| &nbsp;&nbsp;&nbsp;5.63%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13099401 |
| &nbsp;&nbsp;&nbsp;Series C, 4.20%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12234636 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14703492 |
| &nbsp;&nbsp;&nbsp;Series E, 5.25%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1197644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25390053 |
| &nbsp;&nbsp;&nbsp;Series G, 4.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13199410 |
| NiSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.75%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66814693 |
| &nbsp;&nbsp;&nbsp;Series B, (5 year CMT + 3.632%), 6.50%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1499155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36414475 |
| Sempra Energy, 5.75%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2273006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49165120 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394395014 |
| **Oil, Gas & Consumable Fuels — 2.3%** | **Oil, Gas & Consumable Fuels — 2.3%** | **Oil, Gas & Consumable Fuels — 2.3%** |
| Altera Infrastructure LP |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 7.25%, NVS<sup>(b)(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301276 |
| &nbsp;&nbsp;&nbsp;Series B, 8.50%, NVS<sup>(b)(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318640 |
| &nbsp;&nbsp;&nbsp;Series E, 8.88%, NVS<sup>(b)(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278223 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| DCP Midstream LP |  |  |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 4.919%), 7.88%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11889727 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 4.882%), 7.95%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7986161 |
| El Paso Energy Capital Trust I, 4.75%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14845248 |
| Enbridge, Inc., Series B, (3 mo. USD LIBOR + 3.593%), 6.38%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1799739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43913632 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 4.530%), 7.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1353696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29469962 |
| &nbsp;&nbsp;&nbsp;Series D, (3 mo. USD LIBOR + 4.738%), 7.63%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1333014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29326308 |
| &nbsp;&nbsp;&nbsp;Series E, (3 mo. USD LIBOR + 5.161%), 7.60%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2400534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52547689 |
| NGL Energy Partners LP, Series B, (3 mo. USD LIBOR + 7.213%), 12.02%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8654360 |
| NuStar Energy LP |  |  |
| &nbsp;&nbsp;&nbsp;Series A, (3 mo. USD LIBOR + 6.766%), 11.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15371929 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 5.643%), 10.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1158153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23603158 |
| &nbsp;&nbsp;&nbsp;Series C, (3 mo. USD LIBOR + 6.880%), 11.65%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12236318 |
| NuStar Logistics LP, (3 mo. USD LIBOR + 6.734%), 11.53%<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1207089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29211554 |
| Seapeak LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8782253 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 6.241%), 8.50%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11471036 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300207474 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| Elanco Animal Health, Inc., 5.00%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16155157 |
| **Professional Services — 0.3%** | **Professional Services — 0.3%** | **Professional Services — 0.3%** |
| Clarivate PLC, Series A, 5.25%<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1078170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40841080 |
| **Real Estate Management & Development — 0.8%** | **Real Estate Management & Development — 0.8%** | **Real Estate Management & Development — 0.8%** |
| Brookfield Property Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11590677 |
| &nbsp;&nbsp;&nbsp;Series A-1, 6.50%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8688944 |
| &nbsp;&nbsp;&nbsp;Series A2, 6.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11448172 |
| Brookfield Property Preferred LP, 6.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;2010835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28493532 |
| DigitalBridge Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series H, 7.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11949802 |
| &nbsp;&nbsp;&nbsp;Series I, 7.15%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;974297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18277812 |
| &nbsp;&nbsp;&nbsp;Series J, 7.13%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16471332 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106920271 |
| **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** |
| Synchronoss Technologies, Inc., 8.38%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6740961 |
| **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** |
| TravelCenters of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8376699 |
| &nbsp;&nbsp;&nbsp;8.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9156623 |
| &nbsp;&nbsp;&nbsp;8.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7586371 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25119693 |
| **Textiles, Apparel & Luxury Goods — 0.1%** | **Textiles, Apparel & Luxury Goods — 0.1%** | **Textiles, Apparel & Luxury Goods — 0.1%** |
| Fossil Group, Inc., 7.00%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7043391 |
| **Thrifts & Mortgage Finance — 0.7%** | **Thrifts & Mortgage Finance — 0.7%** | **Thrifts & Mortgage Finance — 0.7%** |
| Federal Agricultural Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 5.70%, NVS<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6324717 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Thrifts & Mortgage Finance (continued)** | **Thrifts & Mortgage Finance (continued)** | **Thrifts & Mortgage Finance (continued)** |
| Federal Agricultural Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series F, 5.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6898337 |
| &nbsp;&nbsp;&nbsp;Series G, 4.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6753557 |
| Merchants Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;(5 year CMT + 4.340%), 8.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11879370 |
| &nbsp;&nbsp;&nbsp;Series B, (3 mo. USD LIBOR + 4.569%), 6.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7652639 |
| &nbsp;&nbsp;&nbsp;Series C, 6.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11348795 |
| New York Community Bancorp, Inc., Series A., (3 mo. USD LIBOR + 3.821%), 6.38%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1543391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33507019 |
| New York Community Capital Trust V, 6.00%, NVS<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9456059 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93820493 |
| **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** |
| Air Lease Corp., Series A, (3 mo. USD LIBOR + 3.650%), 6.15%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17931050 |
| FTAI Aviation Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Series A, NVS, (3 mo. USD LIBOR + 6.886%), 8.25%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7159972 |
| &nbsp;&nbsp;&nbsp;Series B, NVS, (3 mo. USD LIBOR + 6.447%), 8.00%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7065910 |
| &nbsp;&nbsp;&nbsp;Series C, NVS, (5 year CMT + 7.378%), 8.25%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6236705 |
| Textainer Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;(5 year CMT + 6.134%), 7.00%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10441853 |
| &nbsp;&nbsp;&nbsp;Series B, 6.25%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8383278 |
| Triton International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10808725 |
| &nbsp;&nbsp;&nbsp;7.38%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12111064 |
| &nbsp;&nbsp;&nbsp;6.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9845950 |
| &nbsp;&nbsp;&nbsp;Series E, 5.75%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9588949 |
| WESCO International, Inc., Series A, (5 year CMT + 10.325%), 10.63%, NVS<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1620434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42487779 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142061235 |
| **Transportation Infrastructure — 0.3%** | **Transportation Infrastructure — 0.3%** | **Transportation Infrastructure — 0.3%** |
| Atlas Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 7.95%<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9209405 |
| &nbsp;&nbsp;&nbsp;Series H, 7.88%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14514862 |
| &nbsp;&nbsp;&nbsp;Series I, (3 mo. USD LIBOR + 5.008%), 8.00%<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9909152 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33633419 |
| **Wireless Telecommunication Services — 0.9%** | **Wireless Telecommunication Services — 0.9%** | **Wireless Telecommunication Services — 0.9%** |
| Telephone and Data Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Series UU, 6.63%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1263621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18600501 |
| &nbsp;&nbsp;&nbsp;Series VV, 6.00%, NVS<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2067347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27082246 |
| United States Cellular Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.25%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1496752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23903129 |
| &nbsp;&nbsp;&nbsp;5.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1495930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21720904 |
| &nbsp;&nbsp;&nbsp;5.50%<br>| &nbsp;&nbsp;&nbsp;&nbsp;1495961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21631596 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112938376 |
| **Total Long-Term Investments — 99.5%<br>(Cost: $15,940,707,579)<br>** | **Total Long-Term Investments — 99.5%<br>(Cost: $15,940,707,579)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;12825982291 |

---

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

#### iShares® Preferred and Income Securities ETF

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 2.8%** | **Money Market Funds — 2.8%** | **Money Market Funds — 2.8%** |
| BlackRock Cash Funds: Institutional, SL Agency Shares, 4.53%<sup>(f)(g)(h)</sup><br>| 259309577 | &nbsp;&nbsp;&nbsp;&nbsp;$259387370 |
| BlackRock Cash Funds: Treasury, SL Agency Shares, 4.12%<sup>(f)(g)</sup><br>| 108675635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108675635 |
| **Total Short-Term Securities — 2.8%<br>(Cost: $367,952,991)<br>** | **Total Short-Term Securities — 2.8%<br>(Cost: $367,952,991)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368063005 |
| **Total Investments — 102.3%<br>(Cost: $16,308,660,570)<br>** | **Total Investments — 102.3%<br>(Cost: $16,308,660,570)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;13194045296 |
| **Liabilities in Excess of Other Assets — (2.3)%<br>** | **Liabilities in Excess of Other Assets — (2.3)%<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(298386835) |
| **Net Assets — 100.0%<br>** | **Net Assets — 100.0%<br>** | $12895658461 |

---

<sup>(a)</sup> Convertible security. <br> <sup>(b)</sup> Perpetual security with no stated maturity date.

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

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

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

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

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

<sup>(h)</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 December 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | &nbsp;&nbsp;*Value at<br> 03/31/22* | &nbsp;&nbsp;&nbsp;&nbsp;*Purchases<br> at Cost* | &nbsp;&nbsp;&nbsp;&nbsp;*Net<br> Realized<br> Gain (Loss)* | &nbsp;&nbsp;&nbsp;&nbsp;*Change in<br> Unrealized<br> Appreciation<br> (Depreciation)* | &nbsp;&nbsp;&nbsp;&nbsp;*Value at<br> 12/31/22* | &nbsp;&nbsp;&nbsp;&nbsp;*Shares<br> Held at<br> 12/31/22* | &nbsp;&nbsp;&nbsp;&nbsp;*Income* | &nbsp;&nbsp;&nbsp;&nbsp;*Capital<br> Gain<br> Distributions<br> from Underlying<br> Funds* |
| BlackRock Cash Funds: Institutional, SL Agency Shares<br>| &nbsp;&nbsp;$275720624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— &nbsp;&nbsp;&nbsp;&nbsp;$(16477181)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(35468) | &nbsp;&nbsp;&nbsp;&nbsp;$179395 | &nbsp;&nbsp;&nbsp;&nbsp;$259387370 | &nbsp;&nbsp;&nbsp;&nbsp;259309577 | &nbsp;&nbsp;&nbsp;&nbsp;$3109011<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| BlackRock Cash Funds: Treasury, SL Agency Shares<br>| &nbsp;&nbsp; 190910000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (82234365)<sup>(a)</sup> | &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; 108675635 | &nbsp;&nbsp;&nbsp;&nbsp;108675635 | &nbsp;&nbsp;&nbsp;&nbsp; 1652295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(35468) | &nbsp;&nbsp;&nbsp;&nbsp;$179395 | &nbsp;&nbsp;&nbsp;&nbsp;$368063005 |  | &nbsp;&nbsp;&nbsp;&nbsp;$4761306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55 |

---

<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 fees and collateral investment expenses, 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. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

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

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are 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.

------

Schedule of Investments (unaudited) (continued)

December 31, 2022

iShares® Preferred and Income Securities ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;*Level 1* | &nbsp;&nbsp;*Level 2* | &nbsp;&nbsp;*Level 3* | &nbsp;&nbsp;*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;Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks<br>| &nbsp;&nbsp;&nbsp;&nbsp;$12649877580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$175206572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$898139 | &nbsp;&nbsp;&nbsp;&nbsp;$12825982291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368063005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368063005 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;$13017940585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$175206572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$898139 | &nbsp;&nbsp;&nbsp;&nbsp;$13194045296 |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CMT | &nbsp;&nbsp;Constant Maturity Treasury |
| LIBOR | &nbsp;&nbsp;London Interbank Offered Rate |
| LP | &nbsp;&nbsp;Limited Partnership |
| NVS | &nbsp;&nbsp;Non-Voting Shares |
| REIT | &nbsp;&nbsp;Real Estate Investment Trust |
| SOFR | &nbsp;&nbsp;Secured Overnight Financing Rate |

---

## 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:** 415-670-2000

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

- **a. Name of Series:** iShares Preferred and Income Securities ETF

- **b. EDGAR series identifier (if any):** S000013499

- **c. LEI of Series:** 549300YX74JNY54XCY80

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $13186120710.84

**Total Liabilities:** $264541313.41

**Net Assets:** $12921579397.43

**Cash Not Reported:** $4020161.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000036528 | -3.14%               | 5.32%                | -3.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5681846.26             | $-489989465.92                             |
| Month 2  | $-78196832.11            | $698295959.28                              |
| Month 3  | $-86268237.59            | $-520411038.83                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VORNADO REALTY TRUST     | Vornado Realty Trust                              | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    963388 | NS      | $15472011.28  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR LOGISTICS LP      | NuStar Logistics LP                               | CUSIP: 67059T204<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | EP               | CORP              | US        |   1209639 | NS      | $29273263.80  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTERA INFRASTRUCTURE LP | Altera Infrastructure LP                          | CUSIP: 000000000<br>LEI: 549300ZJBGOCXKXQWE39 | Long             | EP               | CORP              | GB        |    409152 | NS      | $278223.36    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NAVIENT CORP             | Navient Corp                                      | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | EP               | CORP              | US        |    897414 | NS      | $15812434.68  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP       | Rithm Capital Corp                                | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    465843 | NS      | $9153814.95   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WESBANCO INC             | WesBanco Inc                                      | CUSIP: 950810705<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    452343 | NS      | $11362856.16  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                | Aptiv PLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | IE        |    864357 | NS      | $92762793.24  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HEARTLAND FINANCIAL USA  | Heartland Financial USA Inc                       | CUSIP: 42234Q201<br>LEI: 549300QF7B0DFZT32C73 | Long             | EP               | CORP              | US        |    346838 | NS      | $8882521.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC       | Voya Financial Inc                                | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |    910350 | NS      | $19836526.50  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    433389 | NS      | $10830391.11  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PACWEST BANCORP          | PacWest Bancorp                                   | CUSIP: 695263202<br>LEI: 549300YI8VMFO7G36V04 | Long             | EP               | CORP              | US        |   1542347 | NS      | $38558675.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS INC                  | CHS Inc                                           | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |   1266154 | NS      | $30805526.82  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |   2244328 | NS      | $36874309.04  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| SPIRE INC                | Spire Inc                                         | CUSIP: 84857L309<br>LEI: 549300NXSY15DRY2R511 | Long             | EP               | CORP              | US        |    753499 | NS      | $17014007.42  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505195<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1631123 | NS      | $37842053.60  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| INVESCO MORTGAGE CAPITAL | Invesco Mortgage Capital Inc                      | CUSIP: 46131B506<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |    589253 | NS      | $12091471.56  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT    | American Homes 4 Rent                             | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    342607 | NS      | $7957355.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W461<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |   1812499 | NS      | $30141858.37  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OZK                 | Bank OZK                                          | CUSIP: 06417N202<br>LEI: 549300VYK2WBD7SST478 | Long             | EP               | CORP              | US        |   1054691 | NS      | $16632477.07  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY  | Algonquin Power & Utilities Corp                  | CUSIP: 015857709<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |    862207 | NS      | $19830761.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61747S504<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   3307359 | NS      | $62641379.46  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| DYNEX CAPITAL INC        | Dynex Capital Inc                                 | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |    337704 | NS      | $7365324.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORP           | Brunswick Corp/DE                                 | CUSIP: 117043406<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |    557564 | NS      | $13437292.40  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC  | DigitalBridge Group Inc                           | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    879235 | NS      | $16503240.95  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   4287558 | NS      | $78548062.56  | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| AGREE REALTY CORP        | Agree Realty Corp                                 | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    527630 | NS      | $8500119.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| GFL ENVIRONMENTAL INC    | GFL Environmental Inc                             | CUSIP: 36168Q120<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EP               | CORP              | CA        |    879391 | NS      | $56887803.79  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROU | Affiliated Managers Group Inc                     | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    899306 | NS      | $18687578.68  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TENN VALLEY AUTHORITY    | Tennessee Valley Authority                        | CUSIP: 880591300<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | USGA              | US        |    768070 | NS      | $17020431.20  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO      | JPMorgan Chase & Co                               | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   5562383 | NS      | $137724603.08 | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| TEXTAINER GROUP HOLDINGS | Textainer Group Holdings Ltd                      | CUSIP: 88314W204<br>LEI: 529900OHEYRATAFMIT89 | Long             | EP               | CORP              | BM        |    452343 | NS      | $10462693.59  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EI DU PONT DE NEMOUR & C | EI du Pont de Nemours and Co                      | CUSIP: 263534307<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | EP               | CORP              | US        |    126023 | NS      | $9829794.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMER MAC               | Federal Agricultural Mortgage Corp                | CUSIP: 313148843<br>LEI: 549300MS654K78GYF580 | Long             | EP               | USGSE             | US        |    361891 | NS      | $6912299.05   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP        | Merchants Bancorp/IN                              | CUSIP: 58844R702<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    591658 | NS      | $11371666.76  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 94988U656<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   1415417 | NS      | $30841936.43  | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| HERSHA HOSPITALITY TRUST | Hersha Hospitality Trust                          | CUSIP: 427825708<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               | CORP              | US        |    297564 | NS      | $5504934.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC   | Equitable Holdings Inc                            | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |   2405345 | NS      | $45244539.45  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MAIDEN HOLDINGS NA LTD   | Maiden Holdings North America Ltd                 | CUSIP: 56029Q408<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    460071 | NS      | $8584924.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRIT REALTY CAPITAL IN | Spirit Realty Capital Inc                         | CUSIP: 84860W201<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EP               | CORP              | US        |    520185 | NS      | $11574116.25  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC/MD   | Trinity Capital Inc                               | CUSIP: 896442506<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |    527380 | NS      | $13237238.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST     | LXP Industrial Trust                              | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |    145974 | NS      | $6933765.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS INC                  | CHS Inc                                           | CUSIP: 12542R308<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |   1612357 | NS      | $41244092.06  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP       | Ready Capital Corp                                | CUSIP: 75574U887<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |    346874 | NS      | $6248935.11   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   3006600 | NS      | $72940116.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO      | JPMorgan Chase & Co                               | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   5562382 | NS      | $104795276.88 | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC  | Entergy Mississippi LLC                           | CUSIP: 29364N108<br>LEI: 54930043I78H35DVVW89 | Long             | EP               | CORP              | US        |    777838 | NS      | $15844560.06  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTERA INFRASTRUCTURE LP | Altera Infrastructure LP                          | CUSIP: 000000000<br>LEI: 549300ZJBGOCXKXQWE39 | Long             | EP               | CORP              | GB        |    408513 | NS      | $318640.14    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61762V804<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1501919 | NS      | $29647881.06  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP  | Wintrust Financial Corp                           | CUSIP: 97650W504<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    862124 | NS      | $22458330.20  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   2453303 | NS      | $45116242.17  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES  | Summit Hotel Properties Inc                       | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    302351 | NS      | $5179272.63   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DILLARDS CAP TRUST I     | Dillard's Capital Trust I                         | CUSIP: 25406P200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    602925 | NS      | $15205768.50  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP           | Air Lease Corp                                    | CUSIP: 00912X500<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    748001 | NS      | $17966984.02  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP       | Ready Capital Corp                                | CUSIP: 75574U200<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |    346838 | NS      | $8684823.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD DTLA FUND OFF | Brookfield DTLA Fund Office Trust Investor Inc    | CUSIP: 112714209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    719674 | NS      | $2662793.80   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORP           | Brunswick Corp/DE                                 | CUSIP: 117043604<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |    693187 | NS      | $17780246.55  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKLEY (WR) CORPORATION | W R Berkley Corp                                  | CUSIP: 084423870<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    905079 | NS      | $16047050.67  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN REAL ESTATE INVEST  | Pennsylvania Real Estate Investment Trust         | CUSIP: 709102602<br>LEI: 5493001GPBXRIG8WJO70 | Long             | EP               | CORP              | US        |    520526 | NS      | $988999.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| CHIMERA INVESTMENT CORP  | Chimera Investment Corp                           | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    603317 | NS      | $11360459.11  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES           | EPR Properties                                    | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    446665 | NS      | $7499505.35   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                        | CUSIP: 902973759<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   1727895 | NS      | $38549337.45  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| URSTADT BIDDLE PROPERTIE | Urstadt Biddle Properties Inc                     | CUSIP: 917286874<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EP               | CORP              | US        |    321632 | NS      | $6587023.36   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP     | SL Green Realty Corp                              | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |    693187 | NS      | $14016241.14  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC        | MFA Financial Inc                                 | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    829392 | NS      | $14597299.20  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC | Digital Realty Trust Inc                          | CUSIP: 253868830<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |    633322 | NS      | $14446074.82  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| US CELLULAR CORP         | United States Cellular Corp                       | CUSIP: 911684801<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |   1498922 | NS      | $21764347.44  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS L | RenaissanceRe Holdings Ltd                        | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |   1499856 | NS      | $24342662.88  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP        | Kimco Realty Corp                                 | CUSIP: 49446R737<br>LEI: 549300EA7I6T15IBYS12 | Long             | EP               | CORP              | US        |    671933 | NS      | $13317712.06  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    601112 | NS      | $11000349.60  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMER MAC               | Federal Agricultural Mortgage Corp                | CUSIP: 313148868<br>LEI: 549300MS654K78GYF580 | Long             | EP               | USGSE             | US        |    301789 | NS      | $6337569.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| NORTHERN TRUST CORP      | Northern Trust Corp                               | CUSIP: 665859856<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |   1200321 | NS      | $23766355.80  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                        | CUSIP: 902973734<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   1500507 | NS      | $23257858.50  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE CENTERS CORP        | SITE Centers Corp                                 | CUSIP: 82981J877<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EP               | CORP              | US        |    528107 | NS      | $11723975.40  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                              | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |   1207703 | NS      | $24021212.67  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST  | New York Mortgage Trust Inc                       | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    433644 | NS      | $7228845.48   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FOSSIL GROUP INC         | Fossil Group Inc                                  | CUSIP: 34988V304<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | EP               | CORP              | US        |    445262 | NS      | $7057402.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN BSP REALTY TRST | Franklin BSP Realty Trust Inc                     | CUSIP: 35243J200<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EP               | CORP              | US        |    776407 | NS      | $13851100.88  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| CADENCE BANK             | Cadence Bank                                      | CUSIP: 12740C202<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EP               | CORP              | US        |    525804 | NS      | $10226887.80  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP    | Truist Financial Corp                             | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   2781155 | NS      | $53092248.95  | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505179<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2014701 | NS      | $50085466.86  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARE | First Citizens BancShares Inc/NC                  | CUSIP: 31959X202<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |    603281 | NS      | $12276768.35  | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| NY COMMUNITY CAP TRUST V | New York Community Capital Trust V                | CUSIP: 64944P307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    218424 | NS      | $9475233.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE FINANCIAL PARTN | Pinnacle Financial Partners Inc                   | CUSIP: 72346Q302<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EP               | CORP              | US        |    678212 | NS      | $17396137.80  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE CAPITAL GRP LLC  | Oaktree Capital Group LLC                         | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |    703586 | NS      | $15035632.82  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2100339 | NS      | $36860949.45  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCHISE GROUP INC      | Franchise Group Inc                               | CUSIP: 35180X204<br>LEI: 549300MWCHSL8BSOMV77 | Long             | EP               | CORP              | US        |    342544 | NS      | $6970770.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY LOUISIANA LLC    | Entergy Louisiana LLC                             | CUSIP: 29364W108<br>LEI: 0V5453U14HDZO63CGH17 | Long             | EP               | CORP              | US        |    813896 | NS      | $16497671.92  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP    | Truist Financial Corp                             | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   1728465 | NS      | $36833589.15  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| RLJ LODGING TRUST        | RLJ Lodging Trust                                 | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    965339 | NS      | $22965414.81  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC | Elanco Animal Health Inc                          | CUSIP: 28414H202<br>LEI: 549300SHPNDCE059M934 | Long             | EP               | CORP              | US        |    828863 | NS      | $16187694.39  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC  | Goldman Sachs Group Inc/The                       | CUSIP: 38144X609<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    603316 | NS      | $11843093.08  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVERGATE CAP CORP      | Silvergate Capital Corp                           | CUSIP: 82837P507<br>LEI: BPE6FTXDZEBNAGIT2T19 | Long             | EP               | CORP              | US        |    603281 | NS      | $6992026.79   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EQUITY INVESTME | American Equity Investment Life Holding Co        | CUSIP: 025676602<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    896885 | NS      | $20170943.65  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRA FIN ULC | Brookfield Infrastructure Finance ULC             | CUSIP: 11276B109<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    754187 | NS      | $11606937.93  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CORENERGY INFRASTRUCTURE | CorEnergy Infrastructure Trust Inc                | CUSIP: 21870U304<br>LEI: 549300RWMFYIPNXWXM78 | Long             | EP               | CORP              | US        |    383880 | NS      | $4376232.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                           | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    753507 | NS      | $12432865.50  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP            | Allstate Corp/The                                 | CUSIP: 020002309<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |   1502867 | NS      | $37256072.93  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKLEY (WR) CORPORATION | W R Berkley Corp                                  | CUSIP: 084423706<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    557997 | NS      | $12387533.40  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORP     | Hancock Whitney Corp                              | CUSIP: 410120406<br>LEI: 549300GRNBWY8HIICT41 | Long             | EP               | CORP              | US        |    520184 | NS      | $11761360.24  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M868<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    429776 | NS      | $9777404.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP    | Stifel Financial Corp                             | CUSIP: 860630607<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    678687 | NS      | $13689116.79  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 33616C787<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |   1185484 | NS      | $21990728.20  | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| FIRST HORIZON CORP       | First Horizon Corp                                | CUSIP: 320517808<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |    301762 | NS      | $7390151.38   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                           | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    452343 | NS      | $8051705.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP        | Merchants Bancorp/IN                              | CUSIP: 58844R884<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    429880 | NS      | $11903377.20  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELCENTERS OF AMERICA | TravelCenters of America Inc                      | CUSIP: 894174309<br>LEI: 529900FQY3V2OO9M4Z65 | Long             | EP               | CORP              | US        |    361939 | NS      | $9175153.65   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PS BUSINESS PARKS INC    | PS Business Parks Inc                             | CUSIP: 69360J594<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    702781 | NS      | $9452404.45   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONOSS TECH         | Synchronoss Technologies Inc                      | CUSIP: 87157B301<br>LEI: 5493007Z5J8Z2TA76376 | Long             | EP               | CORP              | US        |    376289 | NS      | $6754387.55   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPECT CAPITAL CORP    | Prospect Capital Corp                             | CUSIP: 74348T565<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EP               | CORP              | US        |    452539 | NS      | $6765458.05   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD | Aspen Insurance Holdings Ltd                      | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    750269 | NS      | $13512344.69  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    212605 | NS      | $251936925.00 | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT      | Annaly Capital Management Inc                     | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |   1328869 | NS      | $29713510.84  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICKEN SOUP FOR SOUL    | Chicken Soup For The Soul Entertainment Inc       | CUSIP: 16842Q209<br>LEI: 549300THRJ0EJ1DIID72 | Long             | EP               | CORP              | US        |    308507 | NS      | $6728537.67   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMORGAN CHASE & CO      | JPMorgan Chase & Co                               | CUSIP: 48128B655<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   5100048 | NS      | $119290122.72 | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP          | CMS Energy Corp                                   | CUSIP: 125896860<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    602925 | NS      | $13125677.25  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORP           | Brunswick Corp/DE                                 | CUSIP: 117043505<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |    377048 | NS      | $9463904.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARE | Dime Community Bancshares Inc                     | CUSIP: 25432X201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    399614 | NS      | $7380870.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS     | Telephone and Data Systems Inc                    | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2071495 | NS      | $27136584.50  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS INC                  | CHS Inc                                           | CUSIP: 12542R209<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |    924867 | NS      | $25942519.35  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC BEARINGS INC         | RBC Bearings Inc                                  | CUSIP: 75524B203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    345370 | NS      | $35428054.60  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OFFICE PPTY INCOME TRST  | Office Properties Income Trust                    | CUSIP: 67623C208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    488641 | NS      | $8487694.17   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART | Brookfield Property Partners LP                   | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |    550166 | NS      | $8709127.78   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING | Compass Diversified Holdings                      | CUSIP: 20451Q203<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    301787 | NS      | $7629175.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP             | Danaher Corp                                      | CUSIP: 235851409<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EP               | CORP              | US        |    129313 | NS      | $175419550.15 | 1.36%             |  |  |  | No            |                  2 | On Loan: —       |
| AFFILIATED MANAGERS GROU | Affiliated Managers Group Inc                     | CUSIP: 008252843<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    829428 | NS      | $13950978.96  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M819<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    949100 | NS      | $17311584.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M702<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    335569 | NS      | $8187883.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDLAND STATES BANCORP   | Midland States Bancorp Inc                        | CUSIP: 597742303<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EP               | CORP              | US        |    344263 | NS      | $8940510.11   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VI             | SCE Trust VI                                      | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1425184 | NS      | $24812453.44  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BIP BERMUDA HOLDINGS I   | BIP Bermuda Holdings I Ltd                        | CUSIP: 05554M100<br>LEI: 549300Y8SLOLKXX0MZ44 | Long             | EP               | CORP              | BM        |    901171 | NS      | $14598970.20  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP   | Regions Financial Corp                            | CUSIP: 7591EP506<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |   1502935 | NS      | $36055410.65  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP            | Allstate Corp/The                                 | CUSIP: 020002812<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |    900522 | NS      | $18019445.22  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 949746465<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   1761242 | NS      | $43555514.66  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| BROOKFIELD PROP PFD LP   | Brookfield Property Preferred LP                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   2014864 | NS      | $28550622.88  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO ASSET MGMNT INC   | Apollo Asset Management Inc                       | CUSIP: 03769W203<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EP               | CORP              | US        |    829392 | NS      | $18113921.28  | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| SLM CORP                 | SLM Corp                                          | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    299424 | NS      | $17228856.96  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES  | Summit Hotel Properties Inc                       | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    482889 | NS      | $8827210.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD FINANCE INC   | Brookfield Finance Inc                            | CUSIP: 11271L102<br>LEI: 549300XH8D8K6OYWGD17 | Long             | EP               | CORP              | CA        |   1205834 | NS      | $18328676.80  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL      | Ellington Financial Inc                           | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |    346831 | NS      | $6496144.63   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO            | DTE Energy Co                                     | CUSIP: 233331859<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |   1200041 | NS      | $25440869.20  | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| COHERENT CORP            | Coherent Corp                                     | CUSIP: 19247G206<br>LEI: 549300O5C25A0MMHHU33 | Long             | EP               | CORP              | US        |    172783 | NS      | $27628001.70  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EL PASO ENERGY CAP TRST  | El Paso Energy Capital Trust I                    | CUSIP: 283678209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    330271 | NS      | $14875108.60  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC | Prudential Financial Inc                          | CUSIP: 744320805<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |   1697992 | NS      | $41566844.16  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP        | Kimco Realty Corp                                 | CUSIP: 49446R711<br>LEI: 549300EA7I6T15IBYS12 | Long             | EP               | CORP              | US        |    788419 | NS      | $16044326.65  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP | Citizens Financial Group Inc                      | CUSIP: 174610204<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    899497 | NS      | $21138179.50  | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| NEW YORK MORTGAGE TRUST  | New York Mortgage Trust Inc                       | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    461856 | NS      | $8128665.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP  | Chimera Investment Corp                           | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    974092 | NS      | $19296762.52  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC     | Global Net Lease Inc                              | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    352974 | NS      | $6865344.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY  | Algonquin Power & Utilities Corp                  | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |   1049474 | NS      | $22374785.68  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER  | Reinsurance Group of America Inc                  | CUSIP: 759351802<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |   1201195 | NS      | $27771628.40  | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| DIGITAL REALTY TRUST INC | Digital Realty Trust Inc                          | CUSIP: 253868855<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |    602925 | NS      | $12673483.50  | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| FEDERAL REALTY INVS TRST | Federal Realty Investment Trust                   | CUSIP: 313745200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    452335 | NS      | $9128120.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| ENERGY TRANSFER LP       | Energy Transfer LP                                | CUSIP: 29273V407<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   1356416 | NS      | $29529176.32  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL SHIP LEASE INC    | Global Ship Lease Inc                             | CUSIP: 000000000<br>LEI: 254900GLZ0J5N8UZM071 | Long             | EP               | CORP              | GB        |    323635 | NS      | $8006729.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP            | Allstate Corp/The                                 | CUSIP: 020002838<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |   3457607 | NS      | $68495194.67  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP   | Synovus Financial Corp                            | CUSIP: 87161C600<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |    595553 | NS      | $14197983.52  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W628<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    953489 | NS      | $19212803.35  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC        | MFA Financial Inc                                 | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    603284 | NS      | $10798783.60  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP/THE             | AES Corp/The                                      | CUSIP: 00130H204<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EP               | CORP              | US        |    784017 | NS      | $79977574.17  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NECESSITY RETAIL REIT IN | Necessity Retail REIT Inc/The                     | CUSIP: 02607T406<br>LEI: 549300GN4H0K3IUS8983 | Long             | EP               | CORP              | US        |    598155 | NS      | $12112638.75  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY ARKANSAS LLC     | Entergy Arkansas LLC                              | CUSIP: 29364D100<br>LEI: 549300A0I5ONUIFMLP35 | Long             | EP               | CORP              | US        |   1230002 | NS      | $24723040.20  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                  | KeyCorp                                           | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   1502008 | NS      | $34816545.44  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP  | Wintrust Financial Corp                           | CUSIP: 97650W405<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    377169 | NS      | $8972850.51   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIONS BANCORP NA         | Zions Bancorp NA                                  | CUSIP: 989701859<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EP               | CORP              | US        |    417264 | NS      | $10585987.68  | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| EPR PROPERTIES           | EPR Properties                                    | CUSIP: 26884U307<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    259844 | NS      | $6685786.12   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP            | Allstate Corp/The                                 | CUSIP: 020002127<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |   1728816 | NS      | $37567171.68  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC | Prudential Financial Inc                          | CUSIP: 744320870<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |    904678 | NS      | $21911301.16  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC                | Cowen Inc                                         | CUSIP: 223622804<br>LEI: 5493008QI0EFC5WBED75 | Long             | EP               | CORP              | US        |    301760 | NS      | $7589264.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC | Prudential Financial Inc                          | CUSIP: 744320888<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |   1500616 | NS      | $27236180.40  | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| FULTON FINANCIAL CORP    | Fulton Financial Corp                             | CUSIP: 360271308<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EP               | CORP              | US        |    602925 | NS      | $11835417.75  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA HOFFLER PROPERTIE | Armada Hoffler Properties Inc                     | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |    515585 | NS      | $10822129.15  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC       | NextEra Energy Inc                                | CUSIP: 65339F713<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   3006588 | NS      | $150900651.72 | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR ENERGY LP         | NuStar Energy LP                                  | CUSIP: 67058H300<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |   1160482 | NS      | $23650623.16  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                  | KeyCorp                                           | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   1804016 | NS      | $44252512.48  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                              | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    709018 | NS      | $14074007.30  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP       | Rithm Capital Corp                                | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |   1196850 | NS      | $20585820.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP    | Stifel Financial Corp                             | CUSIP: 860630870<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    678687 | NS      | $16302061.74  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAPEAK LLC              | Seapeak LLC                                       | CUSIP: 000000000<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | BM        |    373351 | NS      | $8799883.07   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PITNEY BOWES INC         | Pitney Bowes Inc                                  | CUSIP: 724479506<br>LEI: 549300N2O26NW4ST6W55 | Long             | EP               | CORP              | US        |   1295447 | NS      | $21310103.15  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP          | CMS Energy Corp                                   | CUSIP: 125896837<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    693786 | NS      | $12259268.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR GROUP FIN CO IX LLC  | KKR Group Finance Co IX LLC                       | CUSIP: 48253M104<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1501154 | NS      | $25144329.50  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                         | CUSIP: 10922N301<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |   1276403 | NS      | $28080866.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W669<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    904670 | NS      | $19568012.10  | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| WEBSTER FINANCIAL CORP   | Webster Financial Corp                            | CUSIP: 947890703<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |    407218 | NS      | $9834314.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO      | JPMorgan Chase & Co                               | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   6013378 | NS      | $104933446.10 | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505583<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    801545 | NS      | $15133169.60  | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| FIRST HORIZON CORP       | First Horizon Corp                                | CUSIP: 320517865<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |    452537 | NS      | $9118620.55   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 33616C761<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |   1500482 | NS      | $24007712.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERICAN INTL GROUP      | American International Group Inc                  | CUSIP: 026874768<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EP               | CORP              | US        |   1501819 | NS      | $32153944.79  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO      | JPMorgan Chase & Co                               | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2706031 | NS      | $52118157.06  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC             | NiSource Inc                                      | CUSIP: 65473P121<br>LEI: 549300D8GOWWH0SJB189 | Long             | EP               | CORP              | US        |    648345 | NS      | $66948104.70  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CORP               | Atlas Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    382898 | NS      | $9227841.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   2593250 | NS      | $65220237.50  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W685<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    844274 | NS      | $17797295.92  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP  | Valley National Bancorp                           | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    346838 | NS      | $8438568.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NGL ENERGY PARTNERS LP   | NGL Energy Partners LP                            | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |    938489 | NS      | $8671638.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    452343 | NS      | $9865600.83   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROU | Selective Insurance Group Inc                     | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |    602925 | NS      | $10098993.75  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                        | CUSIP: 902973668<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   1350572 | NS      | $24755984.76  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO            | DTE Energy Co                                     | CUSIP: 233331818<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |    844290 | NS      | $14732860.50  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY  | ACRES Commercial Realty Corp                      | CUSIP: 00489Q201<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |    361901 | NS      | $7154782.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| CAPITAL ONE FINANCIAL CO | Capital One Financial Corp                        | CUSIP: 14040H733<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   1275146 | NS      | $19879526.14  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP      | Fifth Third Bancorp                               | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    603317 | NS      | $13508267.63  | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| BERKLEY (WR) CORPORATION | W R Berkley Corp                                  | CUSIP: 084423888<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    754058 | NS      | $13965154.16  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| REGIONS FINANCIAL CORP   | Regions Financial Corp                            | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |   1502514 | NS      | $34227268.92  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD FIN I UK PLC  | Brookfield Finance I UK Plc                       | CUSIP: 11272B103<br>LEI: 213800JCKNPJE9FDCJ76 | Long             | EP               | CORP              | GB        |    693187 | NS      | $10321554.43  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC            | Citigroup Inc                                     | CUSIP: 172967341<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   4495427 | NS      | $112520537.81 | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DCP MIDSTREAM LP         | DCP Midstream LP                                  | CUSIP: 23311P209<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |    486264 | NS      | $11913468.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W594<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    779967 | NS      | $15053363.10  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC   | Arbor Realty Trust Inc                            | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    855257 | NS      | $15488704.27  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING | Compass Diversified Holdings                      | CUSIP: 20451Q401<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    346838 | NS      | $7914843.16   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP     | Two Harbors Investment Corp                       | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    889810 | NS      | $16648345.10  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M827<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    625539 | NS      | $13949519.70  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF HAWAII CORP      | Bank of Hawaii Corp                               | CUSIP: 062545207<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EP               | CORP              | US        |    542597 | NS      | $9446613.77   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC | Digital Realty Trust Inc                          | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |   1040285 | NS      | $21024159.85  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL         | Paramount Global                                  | CUSIP: 92556H305<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EP               | CORP              | US        |    753499 | NS      | $18664170.23  | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                         | CUSIP: 10922N509<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |   1208683 | NS      | $27823882.66  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TENN VALLEY AUTHORITY    | Tennessee Valley Authority                        | CUSIP: 880591409<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | USGA              | US        |    626876 | NS      | $13709778.12  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY       | Ford Motor Co                                     | CUSIP: 345370811<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |   1806520 | NS      | $42182242.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR | Babcock & Wilcox Enterprises Inc                  | CUSIP: 05614L407<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |    577975 | NS      | $8525131.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL   | NextEra Energy Capital Holdings Inc               | CUSIP: 65339K860<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |   2067119 | NS      | $47254340.34  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO | Capital One Financial Corp                        | CUSIP: 14040H774<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    375220 | NS      | $6565974.78   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELCENTERS OF AMERICA | TravelCenters of America Inc                      | CUSIP: 894174408<br>LEI: 529900FQY3V2OO9M4Z65 | Long             | EP               | CORP              | US        |    301761 | NS      | $7601359.59   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGO GROUP INTERNATIONAL | Argo Group International Holdings Ltd             | CUSIP: 040128209<br>LEI: 549300M4T8Y5TTWI6O03 | Long             | EP               | CORP              | BM        |    452343 | NS      | $8277876.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARAH SOLUTIONS INC     | Charah Solutions Inc                              | CUSIP: 15957P204<br>LEI: 549300I6O29493834F54 | Long             | EP               | CORP              | US        |    406914 | NS      | $4113900.54   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC            | Citigroup Inc                                     | CUSIP: 172967358<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2856352 | NS      | $71865816.32  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE FINANCE TRUST INC | TPG RE Finance Trust Inc                          | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    606912 | NS      | $10657374.72  | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| NY COMMUNITY BANCORP INC | New York Community Bancorp Inc                    | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |   1546485 | NS      | $33574189.35  | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| GEORGIA POWER CO         | Georgia Power Co                                  | CUSIP: 373334440<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | EP               | CORP              | US        |    813896 | NS      | $19150972.88  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP      | Charles Schwab Corp/The                           | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   2255024 | NS      | $53196016.16  | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| UNUM GROUP               | Unum Group                                        | CUSIP: 91529Y601<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EP               | CORP              | US        |    899609 | NS      | $21527643.37  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP | Atlanticus Holdings Corp                          | CUSIP: 04914Y300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    452343 | NS      | $9639429.33   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMER         | Gladstone Commercial Corp                         | CUSIP: 376536884<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |    301761 | NS      | $6014096.73   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART | Brookfield Property Partners LP                   | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |    754187 | NS      | $11471184.27  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT | PennyMac Mortgage Investment Trust                | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    588328 | NS      | $12372537.84  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP          | CMS Energy Corp                                   | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    844290 | NS      | $18726352.20  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK CASH FUNDS     | BLACKROCK CASH FUNDS                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 108675635 | NS      | $108675635.39 | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                        | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     94062 | NS      | $76725432.78  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC  | Goldman Sachs Group Inc/The                       | CUSIP: 38144G804<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   4058968 | NS      | $74847369.92  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M801<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    504459 | NS      | $11077919.64  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 06055H806<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2486961 | NS      | $42153988.95  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE FINANCE LLC      | Carlyle Finance LLC                               | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1500420 | NS      | $24291799.80  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATL BANCORP         | Old National Bancorp/IN                           | CUSIP: 68003D204<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |    325880 | NS      | $8212176.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGO GROUP US INC        | Argo Group US Inc                                 | CUSIP: 040130205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    433389 | NS      | $8494424.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARE | First Citizens BancShares Inc/NC                  | CUSIP: 319626305<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |   1034075 | NS      | $20143781.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CORP               | Atlas Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    674106 | NS      | $14543836.95  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHATHAM LODGING          | Chatham Lodging Trust                             | CUSIP: 16208T201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    361561 | NS      | $7245682.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL PARTNERS HLDS LP   | Steel Partners Holdings LP                        | CUSIP: 85814R206<br>LEI: 5493009U8Z59G5SIZ389 | Long             | EP               | CORP              | US        |    484049 | NS      | $11118605.53  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T | Diversified Healthcare Trust                      | CUSIP: 25525P305<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    747964 | NS      | $8624024.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC   | Arbor Realty Trust Inc                            | CUSIP: 038923868<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    425511 | NS      | $7067737.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCELORMITTAL SA         | ArcelorMittal SA                                  | CUSIP: 03938L302<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EP               | CORP              | LU        |   1828086 | NS      | $113231646.84 | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST     | Vornado Realty Trust                              | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    904678 | NS      | $14628643.26  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| CMS ENERGY CORP          | CMS Energy Corp                                   | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |   1893705 | NS      | $42418992.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT    | American Homes 4 Rent                             | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    346594 | NS      | $7680523.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER  | Reinsurance Group of America Inc                  | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |   2104586 | NS      | $54614006.70  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIA | National Storage Affiliates Trust                 | CUSIP: 637870205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    674364 | NS      | $15075407.22  | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| CARECLOUD INC            | CareCloud Inc                                     | CUSIP: 14167R209<br>LEI: 549300GEO5Y45G5I3070 | Long             | EP               | CORP              | US        |    341210 | NS      | $9141015.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL      | Synchrony Financial                               | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |   2253692 | NS      | $38650817.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 949746556<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   3622555 | NS      | $83354990.55  | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| CHIMERA INVESTMENT CORP  | Chimera Investment Corp                           | CUSIP: 16934Q307<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    435500 | NS      | $8017555.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC             | NiSource Inc                                      | CUSIP: 65473P881<br>LEI: 549300D8GOWWH0SJB189 | Long             | EP               | CORP              | US        |   1502164 | NS      | $36487563.56  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS&ELEC         | Pacific Gas and Electric Co                       | CUSIP: 694308206<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | EP               | CORP              | US        |    313765 | NS      | $6331777.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                 | AT&T Inc                                          | CUSIP: 00206R409<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   2480469 | NS      | $56306646.30  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOC BANC-CORP          | Associated Banc-Corp                              | CUSIP: 045487402<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |    301990 | NS      | $6193814.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| GREAT AJAX CORP          | Great Ajax Corp                                   | CUSIP: 38983D409<br>LEI: 5493004ID2QQWNGDYC18 | Long             | EP               | CORP              | US        |    349516 | NS      | $8367413.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| KEYCORP                  | KeyCorp                                           | CUSIP: 493267876<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   1275430 | NS      | $26503435.40  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DCP MIDSTREAM LP         | DCP Midstream LP                                  | CUSIP: 23311P308<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |    331627 | NS      | $8002159.51   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS INC                  | CHS Inc                                           | CUSIP: 12542R803<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |   1554946 | NS      | $40381947.62  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP      | Charles Schwab Corp/The                           | CUSIP: 808513865<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1803142 | NS      | $33358127.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIVATE PLC            | Clarivate PLC                                     | CUSIP: 000000000<br>LEI: 549300WDHIIODXFO0R55 | Long             | EP               | CORP              | GB        |   1080329 | NS      | $40922862.52  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY COMMONWEALTH      | Equity Commonwealth                               | CUSIP: 294628201<br>LEI: 549300YPGVU9PR4L0606 | Long             | EP               | CORP              | US        |    366115 | NS      | $9172096.04   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATL BANCORP         | Old National Bancorp/IN                           | CUSIP: 68003D303<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |    369534 | NS      | $9271608.06   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS  | Brookfield BRP Holdings Canada Inc                | CUSIP: 11259P208<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    783954 | NS      | $11281098.06  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR ENERGY LP         | NuStar Energy LP                                  | CUSIP: 67058H409<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |    520185 | NS      | $12260760.45  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W446<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    424979 | NS      | $6978155.18   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP       | Ready Capital Corp                                | CUSIP: 75574U606<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |    607372 | NS      | $14012072.04  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W644<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    859249 | NS      | $20011909.21  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE | Hudson Pacific Properties Inc                     | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1281129 | NS      | $16052546.37  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART | Brookfield Property Partners LP                   | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |    858382 | NS      | $11613908.46  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2674076 | NS      | $55995151.44  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY       | Ford Motor Co                                     | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |   2405345 | NS      | $51498436.45  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORP   | Webster Financial Corp                            | CUSIP: 947890505<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |    452343 | NS      | $8562852.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS | Braemar Hotels & Resorts Inc                      | CUSIP: 10482B200<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    227050 | NS      | $3539709.50   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505625<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    565012 | NS      | $10757828.48  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP | American Financial Group Inc/OH                   | CUSIP: 025932872<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    457209 | NS      | $9834565.59   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD | Aspen Insurance Holdings Ltd                      | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    752952 | NS      | $13605842.64  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                  | KeyCorp                                           | CUSIP: 493267868<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   1350594 | NS      | $28038331.44  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W396<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    753507 | NS      | $12869899.56  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD       | Athene Holding Ltd                                | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |   1726872 | NS      | $29425898.88  | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMORGAN CHASE & CO      | JPMorgan Chase & Co                               | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   4509942 | NS      | $83930020.62  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRE CORP               | Sabre Corp                                        | CUSIP: 78573M203<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EP               | CORP              | US        |    246418 | NS      | $20741003.06  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP CAPITAL XIII   | Citigroup Capital XIII                            | CUSIP: 173080201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   6753015 | NS      | $191785626.00 | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELCENTERS OF AMERICA | TravelCenters of America Inc                      | CUSIP: 894174200<br>LEI: 529900FQY3V2OO9M4Z65 | Long             | EP               | CORP              | US        |    331627 | NS      | $8393479.37   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   2612086 | NS      | $43021056.42  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP | American Financial Group Inc/OH                   | CUSIP: 025932880<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    609636 | NS      | $12564597.96  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT | PennyMac Mortgage Investment Trust                | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    754021 | NS      | $12931460.15  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELA TECHNOLOGIES INC   | Exela Technologies Inc                            | CUSIP: 30162V607<br>LEI: 549300CP95F46H3HDR87 | Long             | EP               | CORP              | US        |    218841 | NS      | $639015.72    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W420<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |   1311584 | NS      | $21903452.80  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY  | ACRES Commercial Realty Corp                      | CUSIP: 00489Q300<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |    347641 | NS      | $6205391.85   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W487<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    512922 | NS      | $8391403.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST IV             | SCE Trust IV                                      | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    972706 | NS      | $17605978.60  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M835<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    693750 | NS      | $13486500.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                              | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |   1727748 | NS      | $33310981.44  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP       | Rithm Capital Corp                                | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |   1395481 | NS      | $25202386.86  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS | Sunstone Hotel Investors Inc                      | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    302457 | NS      | $5441201.43   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                        | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   3006600 | NS      | $55321440.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| WELLS FARGO & COMPANY    | Wells Fargo & Co                                  | CUSIP: 95002Y202<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   2200778 | NS      | $37479249.34  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST     | Vornado Realty Trust                              | CUSIP: 929042794<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    904686 | NS      | $12303729.60  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP | American Financial Group Inc/OH                   | CUSIP: 025932864<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    609636 | NS      | $11333133.24  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| US CELLULAR CORP         | United States Cellular Corp                       | CUSIP: 911684884<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |   1498953 | NS      | $21674860.38  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT  | ARMOUR Residential REIT Inc                       | CUSIP: 042315606<br>LEI: 549300K0WA0EJUX74V72 | Long             | EP               | CORP              | US        |    516287 | NS      | $9876570.31   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUSPOINT LTD          | SiriusPoint Ltd                                   | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EP               | CORP              | BM        |    602929 | NS      | $14018099.25  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE LAND CORP      | Gladstone Land Corp                               | CUSIP: 376549309<br>LEI: 54930002B3Q17H38FG74 | Long             | EP               | CORP              | US        |    448816 | NS      | $10551664.16  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED COMMUNITY BANK    | United Community Banks Inc/GA                     | CUSIP: 90985F205<br>LEI: 549300GVW0FV66X3U703 | Long             | EP               | CORP              | US        |    304781 | NS      | $7750580.83   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORP | Western Alliance Bancorp                          | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |    898701 | NS      | $18117812.16  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORP              | Kemper Corp                                       | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |    448454 | NS      | $8229130.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY NEW ORLEANS LLC  | Entergy New Orleans LLC                           | CUSIP: 29364P103<br>LEI: 1Q8BAFRNDFTDI3IGJH73 | Long             | EP               | CORP              | US        |    331849 | NS      | $7333862.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS | Sunstone Hotel Investors Inc                      | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    346594 | NS      | $6723923.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP   | Liberty Broadband Corp                            | CUSIP: 530307503<br>LEI: 549300MIX43II8JLN536 | Long             | EP               | CORP              | US        |    541984 | NS      | $12628227.20  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC              | MetLife Inc                                       | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   2420346 | NS      | $55716364.92  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| SYNOVUS FINANCIAL CORP   | Synovus Financial Corp                            | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |   1049883 | NS      | $22834955.25  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PARTNERRE LTD            | PartnerRe Ltd                                     | CUSIP: 000000000<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |    602925 | NS      | $11347048.50  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W537<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    693187 | NS      | $11929748.27  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC             | Assurant Inc                                      | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |    761989 | NS      | $15384557.91  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |   2224866 | NS      | $38401187.16  | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| FAT BRANDS INC           | FAT Brands Inc                                    | CUSIP: 30258N501<br>LEI: 549300TZCVF3UHX37729 | Long             | EP               | CORP              | US        |    683988 | NS      | $10745451.48  | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 06055H608<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1750079 | NS      | $29226319.30  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTIC UNION BANKSHARE | Atlantic Union Bankshares Corp                    | CUSIP: 04911A206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    520185 | NS      | $13025432.40  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                                | CUSIP: 29273V605<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   2405345 | NS      | $52653002.05  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS     | Telephone and Data Systems Inc                    | CUSIP: 879433787<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1266154 | NS      | $18637786.88  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   3006600 | NS      | $75916650.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST  | New York Mortgage Trust Inc                       | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    558853 | NS      | $10232598.43  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST II             | SCE Trust II                                      | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    663237 | NS      | $11812250.97  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST EAGLE ALTERNATIVE  | First Eagle Alternative Capital BDC Inc           | CUSIP: 26943B407<br>LEI: ZPFGW6VV73M9CW4FN909 | Long             | EP               | CORP              | US        |    336554 | NS      | $7760935.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC  | Goldman Sachs Group Inc/The                       | CUSIP: 38143Y665<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   2254100 | NS      | $41497981.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNATURE BANK NEW YORK  | Signature Bank/New York NY                        | CUSIP: 82669G203<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EP               | CORP              | US        |   2193502 | NS      | $33714125.74  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD   | Arch Capital Group Ltd                            | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |    989301 | NS      | $20082810.30  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC     | Global Net Lease Inc                              | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    512663 | NS      | $10781302.89  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                         | CUSIP: 10922N889<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |   1050343 | NS      | $15965213.60  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH PROPERTIES INC       | UMH Properties Inc                                | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |    649029 | NS      | $14440895.25  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| NEWTEK BUSINESS SERVICES | Newtek Business Services Corp                     | CUSIP: 652526708<br>LEI: 549300YLU78IA8GKJ688 | Long             | EP               | CORP              | US        |    301762 | NS      | $7492750.46   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR | Babcock & Wilcox Enterprises Inc                  | CUSIP: 05614L506<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |    456415 | NS      | $9420405.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOC BANC-CORP          | Associated Banc-Corp                              | CUSIP: 045487204<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |    302041 | NS      | $6675106.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTUR | Brookfield Infrastructure Partners LP             | CUSIP: 000000000<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | CA        |    603469 | NS      | $9287387.91   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC         | Saul Centers Inc                                  | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    331627 | NS      | $6529735.63   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE CAPITAL GRP LLC  | Oaktree Capital Group LLC                         | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |    543093 | NS      | $11616759.27  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC  | DigitalBridge Group Inc                           | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    976252 | NS      | $18314487.52  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS INC                  | CHS Inc                                           | CUSIP: 12542R704<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |   1479292 | NS      | $35547386.76  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505591<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    403657 | NS      | $7685629.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO | Capital One Financial Corp                        | CUSIP: 14040H782<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   3758354 | NS      | $65395359.60  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W511<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    851811 | NS      | $13858964.97  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| EQUITABLE HOLDINGS INC   | Equitable Holdings Inc                            | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |    899237 | NS      | $15907502.53  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD        | FTAI Aviation Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |    320477 | NS      | $6249301.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP        | State Street Corp                                 | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   1502250 | NS      | $35317897.50  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2504233 | NS      | $48707331.85  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CULLEN/FROST BANKERS INC | Cullen/Frost Bankers Inc                          | CUSIP: 229899307<br>LEI: 529900V2E9G9AY665O34 | Long             | EP               | CORP              | US        |    452229 | NS      | $8366236.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST V              | SCE Trust V                                       | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    897749 | NS      | $17452240.56  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTERA INFRASTRUCTURE LP | Altera Infrastructure LP                          | CUSIP: 000000000<br>LEI: 549300ZJBGOCXKXQWE39 | Long             | EP               | CORP              | GB        |    463501 | NS      | $301275.65    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COMPASS DIVERSIF HOLDING | Compass Diversified Holdings                      | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    301762 | NS      | $6958631.72   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    527622 | NS      | $12135306.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2590178 | NS      | $61957057.76  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| NEXTERA ENERGY INC       | NextEra Energy Inc                                | CUSIP: 65339F770<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   3758366 | NS      | $190549156.20 | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                             | CUSIP: 05580M793<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    973366 | NS      | $20435819.17  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD       | Athene Holding Ltd                                | CUSIP: 04686J309<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |   1804016 | NS      | $43188143.04  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD   | Arch Capital Group Ltd                            | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |   1500465 | NS      | $25913030.55  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC           | Globe Life Inc                                    | CUSIP: 37959E300<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EP               | CORP              | US        |    972856 | NS      | $17414122.40  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP    | Stifel Financial Corp                             | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    905079 | NS      | $14617025.85  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 336158803<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |    907814 | NS      | $19245656.80  | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| HUNTINGTON BANCSHARES    | Huntington Bancshares Inc/OH                      | CUSIP: 446150823<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1500274 | NS      | $25444647.04  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR | Babcock & Wilcox Enterprises Inc                  | CUSIP: 05614L308<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |    482209 | NS      | $11611592.72  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR GROUP LTD         | Enstar Group Ltd                                  | CUSIP: 29359U208<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |    330275 | NS      | $7338710.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MAIDEN HOLDING LTD       | Maiden Holdings Ltd                               | CUSIP: 560292302<br>LEI: 5493000GQUKNWGNXRZ91 | Long             | EP               | CORP              | BM        |    331885 | NS      | $5774799.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| POPULAR CAPITAL TRUST II | Popular Capital Trust II                          | CUSIP: 73317H206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    392015 | NS      | $9886618.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| ISTAR INC                | iStar Inc                                         | CUSIP: 45031U804<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EP               | CORP              | US        |    377048 | NS      | $9222594.08   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES           | EPR Properties                                    | CUSIP: 26884U208<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    405099 | NS      | $7279629.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP     | Two Harbors Investment Corp                       | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    431616 | NS      | $8757488.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL      | Ellington Financial Inc                           | CUSIP: 28852N307<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |    363463 | NS      | $6382410.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP  | Chimera Investment Corp                           | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    784389 | NS      | $13452271.35  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL RURAL UTIL COOP | National Rural Utilities Cooperative Finance Corp | CUSIP: 637432105<br>LEI: 4NYF266XZC35SCTGX023 | Long             | EP               | CORP              | US        |    753499 | NS      | $18144255.92  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CEDAR REALTY TRUST INC   | Cedar Realty Trust Inc                            | CUSIP: 150602506<br>LEI: 54930056URX93R2RSN82 | Long             | EP               | CORP              | US        |    372257 | NS      | $4377742.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH JERSEY INDUSTRIES  | South Jersey Industries Inc                       | CUSIP: 838518207<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EP               | CORP              | US        |    602925 | NS      | $10098993.75  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP   | Regions Financial Corp                            | CUSIP: 7591EP886<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |   1206561 | NS      | $21042423.84  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTAINER GROUP HOLDINGS | Textainer Group Holdings Ltd                      | CUSIP: 88314W303<br>LEI: 529900OHEYRATAFMIT89 | Long             | EP               | CORP              | BM        |    452343 | NS      | $8400009.51   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD       | Athene Holding Ltd                                | CUSIP: 04686J200<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |   1035654 | NS      | $20578444.98  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP | American Financial Group Inc/OH                   | CUSIP: 025932807<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    381032 | NS      | $8554168.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC   | Arbor Realty Trust Inc                            | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    685432 | NS      | $11830556.32  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   3006600 | NS      | $69181866.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO | Capital One Financial Corp                        | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   4509942 | NS      | $81178956.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 33616C720<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |   2254470 | NS      | $35327544.90  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP         | Duke Energy Corp                                  | CUSIP: 26441C402<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |   1501999 | NS      | $34245577.20  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES CELLULAR C | United States Cellular Corp                       | CUSIP: 911684702<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |   1499744 | NS      | $23950911.68  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP INC  | CNO Financial Group Inc                           | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |    453427 | NS      | $7667450.57   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP    | Truist Financial Corp                             | CUSIP: 89832Q810<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |    517951 | NS      | $9317938.49   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                 | AT&T Inc                                          | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   5261696 | NS      | $91763978.24  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HOEGH LNG PARTNERS LP    | Hoegh LNG Partners LP                             | CUSIP: 000000000<br>LEI: 254900MBE287MBFU8W82 | Long             | EP               | CORP              | NO        |    534240 | NS      | $9610977.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 06055H871<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1336458 | NS      | $25138774.98  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP    | Stifel Financial Corp                             | CUSIP: 860630706<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    482590 | NS      | $11099570.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC             | Enbridge Inc                                      | CUSIP: 29250N477<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |   1803343 | NS      | $44001569.20  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE PAR | Brookfield Renewable Partners LP                  | CUSIP: 000000000<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EP               | CORP              | CA        |    600800 | NS      | $11319072.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR ENERGY LP         | NuStar Energy LP                                  | CUSIP: 67058H201<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |    683042 | NS      | $15402597.10  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ISTAR INC                | iStar Inc                                         | CUSIP: 45031U408<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EP               | CORP              | US        |    301761 | NS      | $7480655.19   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HLDGS LTD   | Axis Capital Holdings Ltd                         | CUSIP: 05461T305<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1652800 | NS      | $32394880.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD | Aspen Insurance Holdings Ltd                      | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    821292 | NS      | $19119677.76  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO | Capital One Financial Corp                        | CUSIP: 14040H758<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   2028235 | NS      | $32289501.20  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP               | Qwest Corp                                        | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   1982995 | NS      | $34504113.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                         | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |   1727264 | NS      | $30071666.24  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                | PG&E Corp                                         | CUSIP: 69331C140<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |   1202688 | NS      | $173475717.12 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T | Diversified Healthcare Trust                      | CUSIP: 25525P206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1055252 | NS      | $11396721.60  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                              | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    975000 | NS      | $24638250.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC  | DigitalBridge Group Inc                           | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    633543 | NS      | $11973899.35  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB FINANCIAL GROUP      | SVB Financial Group                               | CUSIP: 78486Q200<br>LEI: 549300D2KJ20JMXE7542 | Long             | EP               | CORP              | US        |   1047983 | NS      | $17972908.45  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS  | Brookfield BRP Holdings Canada Inc                | CUSIP: 11259P109<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |   1054694 | NS      | $14628605.78  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EQUITY INVESTME | American Equity Investment Life Holding Co        | CUSIP: 025676503<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |   1200132 | NS      | $24134654.52  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    527630 | NS      | $9608142.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                 | AT&T Inc                                          | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   3976274 | NS      | $86205620.32  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                        | CUSIP: 902973718<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   2254810 | NS      | $36618114.40  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP  | Valley National Bancorp                           | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    301762 | NS      | $7574226.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| METLIFE INC              | MetLife Inc                                       | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   3006600 | NS      | $58779030.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH JERSEY INDUSTRIES  | South Jersey Industries Inc                       | CUSIP: 838518306<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EP               | CORP              | US        |    503271 | NS      | $34735764.42  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP      | Fifth Third Bancorp                               | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   1351223 | NS      | $33131987.96  | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W578<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |    689709 | NS      | $13911430.53  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| FTAI AVIATION LTD        | FTAI Aviation Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |    369708 | NS      | $7079908.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST     | Vornado Realty Trust                              | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    904670 | NS      | $14691840.80  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD        | FTAI Aviation Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |    318867 | NS      | $7174507.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                              | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    452575 | NS      | $9911392.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROU | Affiliated Managers Group Inc                     | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    603317 | NS      | $8892892.58   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AEGON FUNDING CO LLC     | AEGON Funding Co LLC                              | CUSIP: 00775V104<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | EP               | CORP              | US        |   2781155 | NS      | $53008814.30  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR GROUP LTD         | Enstar Group Ltd                                  | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |   1200716 | NS      | $25695322.40  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON AND CO  | Becton Dickinson and Co                           | CUSIP: 075887406<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EP               | CORP              | US        |   2255024 | NS      | $112931601.92 | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO ASSET MGMNT INC   | Apollo Asset Management Inc                       | CUSIP: 03769W302<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EP               | CORP              | US        |    905007 | NS      | $19629601.83  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB CORP                 | FNB Corp/PA                                       | CUSIP: 30255P103<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EP               | CORP              | US        |    334455 | NS      | $8528602.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY       | Ford Motor Co                                     | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |   2255024 | NS      | $49227173.92  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE INVESTMENT COR | Gladstone Investment Corp                         | CUSIP: 376546883<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |    405807 | NS      | $8846592.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC              | MetLife Inc                                       | CUSIP: 59156R504<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1803870 | NS      | $39180056.40  | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| STATE STREET CORP        | State Street Corp                                 | CUSIP: 857477608<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   2255024 | NS      | $54346078.40  | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| RITHM CAPITAL CORP       | Rithm Capital Corp                                | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    852228 | NS      | $16388344.44  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC       | NextEra Energy Inc                                | CUSIP: 65339F739<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   3006600 | NS      | $151803234.00 | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS L | RenaissanceRe Holdings Ltd                        | CUSIP: 75968N309<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |    754022 | NS      | $16332116.52  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CORP               | Atlas Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    452343 | NS      | $9928928.85   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                            | CUSIP: 33616C811<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |    608844 | NS      | $11982049.92  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY  | DiamondRock Hospitality Co                        | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |    356946 | NS      | $8880816.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC  | Goldman Sachs Group Inc/The                       | CUSIP: 38145G308<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   3006600 | NS      | $74112690.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                         | CUSIP: 10922N202<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |   1125699 | NS      | $28333843.83  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                              | CUSIP: 060505682<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    150486 | NS      | $174563760.00 | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD       | Athene Holding Ltd                                | CUSIP: 000000000<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |   2593250 | NS      | $55625212.50  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FIN      | KKR Real Estate Finance Trust Inc                 | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |    981040 | NS      | $16187160.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                                | CUSIP: 29273V506<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   1335683 | NS      | $29385026.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   3908614 | NS      | $67149988.52  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                                    | CUSIP: 74460W552<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |   1696666 | NS      | $32423287.26  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP     | Two Harbors Investment Corp                       | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    867254 | NS      | $16417118.22  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO              | Southern Co/The                                   | CUSIP: 842587883<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |   2253990 | NS      | $39106726.50  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT | PennyMac Mortgage Investment Trust                | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    346837 | NS      | $7630414.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORP       | First Horizon Corp                                | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |    452503 | NS      | $11018448.05  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                 | UGI Corp                                          | CUSIP: 902681113<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EP               | CORP              | US        |    165768 | NS      | $14326499.40  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| SEMPRA ENERGY            | Sempra Energy                                     | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |   2277562 | NS      | $49263666.06  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN REAL ESTATE INVEST  | Pennsylvania Real Estate Investment Trust         | CUSIP: 709102701<br>LEI: 5493001GPBXRIG8WJO70 | Long             | EP               | CORP              | US        |    343019 | NS      | $651736.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| SEAPEAK LLC              | Seapeak LLC                                       | CUSIP: 000000000<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | BM        |    512663 | NS      | $11493904.46  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKLEY (WR) CORPORATION | W R Berkley Corp                                  | CUSIP: 084423805<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    898725 | NS      | $18226143.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR &          | Algonquin Power & Utilities Corp                  | CUSIP: 015857873<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |   1728192 | NS      | $41251943.04  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| URSTADT BIDDLE PROPERTIE | Urstadt Biddle Properties Inc                     | CUSIP: 917286882<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EP               | CORP              | US        |    335703 | NS      | $7331753.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| BLACKROCK GLOBAL         | BLACKROCK GLOBAL                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 259467340 | NS      | $259545180.29 | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTUR | Brookfield Infrastructure Partners LP             | CUSIP: 000000000<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | CA        |    603469 | NS      | $9685617.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                           | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    693187 | NS      | $12616003.40  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                 | AT&T Inc                                          | CUSIP: 00206R508<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   3608033 | NS      | $66207405.55  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE INVESTMENT COR | Gladstone Investment Corp                         | CUSIP: 376546800<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |    386260 | NS      | $8883980.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP   | Boston Scientific Corp                            | CUSIP: 101137206<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EP               | CORP              | US        |    756387 | NS      | $86848355.34  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO              | Southern Co/The                                   | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |   3006600 | NS      | $59049624.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| QVC INC                  | QVC Inc                                           | CUSIP: 747262301<br>LEI: 549300WBLU5NKPX5X472 | Long             | EP               | CORP              | US        |    678204 | NS      | $7996025.16   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP | Citizens Financial Group Inc                      | CUSIP: 174610402<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |   1349830 | NS      | $26051719.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL INC  | WESCO International Inc                           | CUSIP: 95082P303<br>LEI: 529900TXOGREY3WNJ434 | Long             | EP               | CORP              | US        |   1623681 | NS      | $42572915.82  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC             | KKR & Co Inc                                      | CUSIP: 48251W401<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |   1728892 | NS      | $98979067.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC  | Goldman Sachs Group Inc/The                       | CUSIP: 38148B108<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   2109400 | NS      | $52249838.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT      | Annaly Capital Management Inc                     | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |   1276029 | NS      | $29463509.61  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT         | City Office REIT Inc                              | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               | CORP              | US        |    337538 | NS      | $6376092.82   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP               | Qwest Corp                                        | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   2939013 | NS      | $49081517.10  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE POINT MTGE TRST  | Granite Point Mortgage Trust Inc                  | CUSIP: 38741L305<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EP               | CORP              | US        |    620561 | NS      | $10642621.15  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                                    | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   2555605 | NS      | $63839012.90  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| QVC INC                  | QVC Inc                                           | CUSIP: 747262400<br>LEI: 549300WBLU5NKPX5X472 | Long             | EP               | CORP              | US        |   1499791 | NS      | $17952498.27  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP       | Ready Capital Corp                                | CUSIP: 75574U408<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |    309330 | NS      | $7225948.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO            | DTE Energy Co                                     | CUSIP: 233331826<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |    693187 | NS      | $13226007.96  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                           | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    331627 | NS      | $5946072.11   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION     | M&T Bank Corp                                     | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    753499 | NS      | $17631876.60  | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| HARTFORD FINL SVCS GRP   | Hartford Financial Services Group Inc/The         | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |   1034625 | NS      | $26051857.50  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMER MAC               | Federal Agricultural Mortgage Corp                | CUSIP: 313148835<br>LEI: 549300MS654K78GYF580 | Long             | EP               | USGSE             | US        |    377169 | NS      | $6766977.61   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT      | Annaly Capital Management Inc                     | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |   2164793 | NS      | $52777653.34  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| QURATE RETAIL INC        | Qurate Retail Inc                                 | CUSIP: 74915M308<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EP               | CORP              | US        |    951252 | NS      | $32589893.52  | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| HERSHA HOSPITALITY TRUST | Hersha Hospitality Trust                          | CUSIP: 427825609<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               | CORP              | US        |    580658 | NS      | $10861207.89  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CONNECTONE BANCORP INC   | ConnectOne Bancorp Inc                            | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |    347234 | NS      | $7080101.26   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST III            | SCE Trust III                                     | CUSIP: 78409B207<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    828845 | NS      | $15366786.30  | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| MERCHANTS BANCORP        | Merchants Bancorp/IN                              | CUSIP: 58844R603<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    377169 | NS      | $7667845.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO              | Southern Co/The                                   | CUSIP: 842587404<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |   1350680 | NS      | $28607402.40  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES    | Huntington Bancshares Inc/OH                      | CUSIP: 446150781<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    527910 | NS      | $11429251.50  | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| FIFTH THIRD BANCORP      | Fifth Third Bancorp                               | CUSIP: 316773860<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    754058 | NS      | $14990673.04  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WASHINGTON FEDERAL INC   | Washington Federal Inc                            | CUSIP: 938824307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    904670 | NS      | $15967425.50  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO MORTGAGE CAPITAL | Invesco Mortgage Capital Inc                      | CUSIP: 46131B407<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |    342282 | NS      | $6736109.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER  | American Electric Power Co Inc                    | CUSIP: 02557T307<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EP               | CORP              | US        |   1277885 | NS      | $65913308.30  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP         | Duke Energy Corp                                  | CUSIP: 26441C501<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |   3006600 | NS      | $70324374.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| TEXAS CAPITAL BANCSHARES | Texas Capital Bancshares Inc                      | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |    898436 | NS      | $17187080.68  | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2023-02-23

**Name of Applicant:** iShares Trust

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer