# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-25-010216
**Filing Date:** 2025-9
**Character Count:** 536635
**Document Hash:** 7265f6a75eff3dfdee278e720419f3d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010216.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010216

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251338694

**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 BB Rated Corporate Bond ETF (Series ID: S000063139)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000204721 | iShares BB Rated Corporate Bond ETF | HYBB            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.4%** | **Advertising — 0.4%** | **Advertising — 0.4%** |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/15/31 | &nbsp;&nbsp;&nbsp; $240 | $220786 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 240 | 231836 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 181 | 171741 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; 175 | 171860 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp., 7.38%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 209994 |
|  |  | 1006217 |
| **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** |
| AAR Escrow Issuer LLC, 6.75%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 239 | 245228 |
| Moog Inc., 4.25%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 214942 |
| Spirit AeroSystems Inc., 9.38%, 11/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360 | 380390 |
| TransDigm Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 490 | 492420 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1069 | 1094069 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 885 | 910018 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 836 | 853022 |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 583 | 604205 |
| &nbsp;&nbsp;&nbsp; 7.13%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 345 | 359230 |
|  |  | 5153524 |
| **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** |
| Darling Ingredients Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 222 | 221689 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 336 | 338148 |
| Turning Point Brands Inc., 7.63%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 136179 |
|  |  | 696016 |
| **Airlines — 0.8%** | **Airlines — 0.8%** | **Airlines — 0.8%** |
| Air Canada, 3.88%, 08/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 340 | 336352 |
| Allegiant Travel Co., 7.25%, 08/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 229857 |
| American Airlines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 321 | 327553 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 444178 |
| &nbsp;&nbsp;&nbsp; American Airlines Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1045 | 1044372 |
|  |  | 2382312 |
| **Apparel — 0.4%** | **Apparel — 0.4%** | **Apparel — 0.4%** |
| Kontoor Brands Inc., 4.13%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 167191 |
| Levi Strauss & Co., 3.50%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 205983 |
| VF Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 04/23/27 | &nbsp;&nbsp;&nbsp; 225 | 214799 |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/23/30 | &nbsp;&nbsp;&nbsp; 275 | 233101 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 78327 |
| &nbsp;&nbsp;&nbsp; 6.45%, 11/01/37 | &nbsp;&nbsp;&nbsp; 90 | 79402 |
| William Carter Co. (The), 5.63%, 03/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 193369 |
|  |  | 1172172 |
| **Auto Manufacturers — 1.7%** | **Auto Manufacturers — 1.7%** | **Auto Manufacturers — 1.7%** |
| Allison Transmission Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 420 | 383854 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 183140 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 172 | 173097 |
| Jaguar Land Rover Automotive PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 161927 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 184304 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 260792 |
| Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 117456 |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/09/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 213208 |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/13/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 129025 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| &nbsp;&nbsp;&nbsp; 5.55%, 09/13/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $115 | $112131 |
| &nbsp;&nbsp;&nbsp; 7.05%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 285 | 293625 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/17/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 975 | 951157 |
| &nbsp;&nbsp;&nbsp; 4.81%, 09/17/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 945 | 868494 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/17/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412677 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/17/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 314934 |
|  |  | 4759821 |
| **Auto Parts & Equipment — 1.1%** | **Auto Parts & Equipment — 1.1%** | **Auto Parts & Equipment — 1.1%** |
| Adient Global Holdings Ltd., 7.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 223 | 228266 |
| &nbsp;&nbsp;&nbsp; Aptiv PLC/Aptiv Global Financing DAC, 6.88%, <br> 12/15/54, (5-year CMT + 3.385%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 220 | 221450 |
| Dana Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 169 | 166310 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 136618 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/27 | &nbsp;&nbsp;&nbsp; 122 | 122214 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; 110 | 110061 |
| Forvia SE, 8.00%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 177067 |
| IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/29, (6.38% Cash)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 180 | 180215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/15/30, (7.75 % in Cash and 8.5 % in <br> PIK)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 159095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/15/32, (8.00% Cash and 8.75% <br> PIK)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 165 | 169632 |
| Phinia Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203738 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 221254 |
| ZF North America Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 318791 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/14/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 184659 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/23/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 270606 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/14/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 203553 |
|  |  | 3073529 |
| **Banks — 0.4%** | **Banks — 0.4%** | **Banks — 0.4%** |
| Dresdner Funding Trust I, 8.15%, 06/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 435203 |
| Popular Inc., 7.25%, 03/13/28 | &nbsp;&nbsp;&nbsp; 180 | 188246 |
| Standard Chartered PLC, 7.01%<sup>(a)(c)(e)</sup> | &nbsp;&nbsp;&nbsp; 325 | 335270 |
| Walker & Dunlop Inc., 6.63%, 04/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 173320 |
|  |  | 1132039 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings Inc./Triton Water Holdings Inc., <br> 4.38%, 04/30/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 325 | 313496 |
| **Building Materials — 3.1%** | **Building Materials — 3.1%** | **Building Materials — 3.1%** |
| Boise Cascade Co., 4.88%, 07/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 160068 |
| Builders FirstSource Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 480 | 442991 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 239825 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 217 | 221906 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390 | 395736 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 297337 |
| EMRLD Borrower LP/Emerald Co-Issuer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1072 | 1093021 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205974 |
| &nbsp;&nbsp;&nbsp; James Hardie International Finance DAC, 5.00%, <br> 01/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 95 | 94279 |
| Knife River Corp., 7.75%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 188 | 197262 |
| Louisiana-Pacific Corp., 3.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 161498 |
| Masterbrand Inc., 7.00%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 264222 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| &nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco Inc./MIWD <br> Borrower LLC, 6.75%, 04/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $260 | $265456 |
| Quikrete Holdings Inc., 6.38%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1528 | 1567109 |
| Smyrna Ready Mix Concrete LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 360 | 358811 |
| &nbsp;&nbsp;&nbsp; 8.88%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 499884 |
| Standard Building Solutions Inc., 6.25%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 227143 |
| Standard Industries Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 449 | 401105 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 610 | 577511 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 415 | 409298 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 371 | 370812 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 304 | 310432 |
|  |  | 8761680 |
| **Chemicals — 3.6%** | **Chemicals — 3.6%** | **Chemicals — 3.6%** |
| Ashland Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 140881 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/43<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 138 | 142376 |
| Avient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 270960 |
| &nbsp;&nbsp;&nbsp; 7.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 313287 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Dutch Holding B BV, 7.25%, <br> 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 220 | 228786 |
| Axalta Coating Systems LLC, 3.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 215606 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC/Axalta Coating Systems <br> Dutch Holding B BV, 4.75%, 06/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 215 | 213104 |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 313488 |
| &nbsp;&nbsp;&nbsp; 6.67%, 07/15/27 | &nbsp;&nbsp;&nbsp; 557 | 570831 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 418564 |
| &nbsp;&nbsp;&nbsp; 6.83%, 07/15/29 | &nbsp;&nbsp;&nbsp; 315 | 327211 |
| &nbsp;&nbsp;&nbsp; 6.85%, 11/15/28 | &nbsp;&nbsp;&nbsp; 325 | 338333 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 331289 |
| &nbsp;&nbsp;&nbsp; 7.05%, 11/15/30 | &nbsp;&nbsp;&nbsp; 420 | 437398 |
| &nbsp;&nbsp;&nbsp; 7.20%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 433263 |
| Element Solutions Inc., 3.88%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 340 | 327538 |
| &nbsp;&nbsp;&nbsp; FMC Corp., 8.45%, 11/01/55, (5-year CMT + <br> 4.366%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 320488 |
| HB Fuller Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/27 | &nbsp;&nbsp;&nbsp; 130 | 127578 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/28 | &nbsp;&nbsp;&nbsp; 145 | 139843 |
| Huntsman International LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/15/31 | &nbsp;&nbsp;&nbsp; 150 | 126183 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/29 | &nbsp;&nbsp;&nbsp; 275 | 261374 |
| &nbsp;&nbsp;&nbsp; 5.70%, 10/15/34 | &nbsp;&nbsp;&nbsp; 125 | 115196 |
| INEOS Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 132951 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 297788 |
| INEOS Quattro Finance 2 PLC, 9.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 193462 |
| Ingevity Corp., 3.88%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 237899 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 293519 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 277335 |
| &nbsp;&nbsp;&nbsp; 5.65%, 12/01/44 | &nbsp;&nbsp;&nbsp; 95 | 74022 |
| Methanex U.S. Operations Inc., 6.25%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 257724 |
| Minerals Technologies Inc., 5.00%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 137820 |
| NOVA Chemicals Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 261 | 249255 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 435 | 433310 |
| &nbsp;&nbsp;&nbsp; 7.00%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 187902 |
| &nbsp;&nbsp;&nbsp; 8.50%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 120769 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $192 | $206312 |
| &nbsp;&nbsp;&nbsp; Nufarm Australia Ltd./Nufarm Americas Inc., 5.00%, <br> 01/27/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 162348 |
| Olin Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 173 | 165690 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 293 | 289198 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 253006 |
| SNF Group SACA |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 140038 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 142337 |
|  |  | 10366262 |
| **Coal — 0.1%** | **Coal — 0.1%** | **Coal — 0.1%** |
| &nbsp;&nbsp;&nbsp; Alliance Resource Operating Partners LP/Alliance <br> Resource Finance Corp., 8.63%, 06/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 184931 |
| SunCoke Energy Inc., 4.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 212 | 193867 |
|  |  | 378798 |
| **Commercial Services — 5.0%** | **Commercial Services — 5.0%** | **Commercial Services — 5.0%** |
| ADT Security Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 373086 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 266 | 252785 |
| Adtalem Global Education Inc., 5.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 167957 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 SARL / Aggreko Holdings Inc., <br> 7.00%, 05/21/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 525 | 540375 |
| AMN Healthcare Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 144 | 132257 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 191 | 186755 |
| APi Group DE Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 123503 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 132 | 127147 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 440 | 444129 |
| Block Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/31 | &nbsp;&nbsp;&nbsp; 410 | 375748 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 | &nbsp;&nbsp;&nbsp; 742 | 761432 |
| Boost Newco Borrower LLC, 7.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 875 | 925147 |
| Brink's Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 255 | 251242 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120 | 122940 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 195701 |
| Clarivate Science Holdings Corp., 3.88%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 366 | 349852 |
| CoreCivic Inc., 8.25%, 04/15/29 | &nbsp;&nbsp;&nbsp; 200 | 211480 |
| Dcli Bidco LLC, 7.75%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 209 | 213333 |
| Deluxe Corp., 8.13%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205897 |
| GEO Group Inc. (The), 8.63%, 04/15/29 | &nbsp;&nbsp;&nbsp; 250 | 265431 |
| Grand Canyon University, 5.13%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 159245 |
| Herc Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 486 | 484044 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 340 | 348089 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 620 | 640792 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 445 | 460804 |
| Korn Ferry, 4.63%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 167188 |
| OT Midco Inc., 10.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 158921 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime <br> Finance Inc., 3.38%, 08/31/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 375 | 361517 |
| Service Corp. International/U.S. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 324 | 295253 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 | &nbsp;&nbsp;&nbsp; 298 | 276437 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 | &nbsp;&nbsp;&nbsp; 185 | 183112 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 284 | 281418 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 325770 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance <br> Sub Inc., 6.75%, 08/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $620 | $640457 |
| TriNet Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 153468 |
| &nbsp;&nbsp;&nbsp; 7.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 195519 |
| United Rentals North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 232 | 211324 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/27 | &nbsp;&nbsp;&nbsp; 313 | 304882 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/31 | &nbsp;&nbsp;&nbsp; 420 | 391885 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/30 | &nbsp;&nbsp;&nbsp; 318 | 300846 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/28 | &nbsp;&nbsp;&nbsp; 614 | 610219 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 283 | 282250 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/27 | &nbsp;&nbsp;&nbsp; 140 | 140029 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 461386 |
| WEX Inc., 6.50%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 222822 |
|  |  | 14283874 |
| **Computers — 1.0%** | **Computers — 1.0%** | **Computers — 1.0%** |
| ASGN Inc., 4.63%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 223923 |
| CACI International Inc., 6.38%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390 | 398791 |
| Crane NXT Co., 4.20%, 03/15/48<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 90622 |
| Crowdstrike Holdings Inc., 3.00%, 02/15/29 | &nbsp;&nbsp;&nbsp; 305 | 285455 |
| Insight Enterprises Inc., 6.63%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 206 | 210661 |
| KBR Inc., 4.75%, 09/30/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 109 | 105049 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 514 | 556844 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.09%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 134 | 128052 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 143 | 134463 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105 | 106071 |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 159882 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 154 | 162643 |
| &nbsp;&nbsp;&nbsp; 9.63%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 213 | 239886 |
|  |  | 2802342 |
| **Cosmetics & Personal Care — 0.5%** | **Cosmetics & Personal Care — 0.5%** | **Cosmetics & Personal Care — 0.5%** |
| Edgewell Personal Care Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 184418 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 282857 |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/15/30 | &nbsp;&nbsp;&nbsp; 305 | 297404 |
| &nbsp;&nbsp;&nbsp; 4.90%, 12/15/44 | &nbsp;&nbsp;&nbsp; 145 | 115972 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/30/32 | &nbsp;&nbsp;&nbsp; 235 | 237459 |
| Prestige Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 201323 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 168583 |
|  |  | 1488016 |
| **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** |
| American Builders & Contractors Supply Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 169643 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 275 | 267680 |
| RB Global Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 229 | 234414 |
| &nbsp;&nbsp;&nbsp; 7.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 351077 |
| Resideo Funding Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 126261 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202888 |
|  |  | 1351963 |
| **Diversified Financial Services — 7.1%** | **Diversified Financial Services — 7.1%** | **Diversified Financial Services — 7.1%** |
| Ally Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.65%, 01/17/40, (5-year CMT + 2.450%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 230 | 228307 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/14/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152 | 157847 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Azorra Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $125 | $127579 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 240 | 249964 |
| Bread Financial Holdings Inc., 9.75%, 03/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 300375 |
| Burford Capital Global Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 154576 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 164604 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201300 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 280 | 296091 |
| Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 207597 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 227381 |
| Encore Capital Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 174655 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 215914 |
| EZCORP Inc., 7.38%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 151012 |
| GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 179783 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 144230 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 210 | 216246 |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 258 | 272912 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 464687 |
| goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 173334 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 257 | 264645 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 153 | 161946 |
| &nbsp;&nbsp;&nbsp; Series 144\*, 6.88%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125241 |
| Jane Street Group/JSG Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 220291 |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 630 | 625064 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 505 | 516807 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 527 | 544299 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 385738 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 223856 |
| Jefferson Capital Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 90 | 89751 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 224319 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 189948 |
| Midcap Financial Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 173323 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 355 | 351939 |
| Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 186 | 181504 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 212632 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 308148 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 207238 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208244 |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 178 | 194521 |
| &nbsp;&nbsp;&nbsp; 11.50%, 03/15/31 | &nbsp;&nbsp;&nbsp; 198 | 222760 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/27 | &nbsp;&nbsp;&nbsp; 317 | 309314 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 | &nbsp;&nbsp;&nbsp; 180 | 171667 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/30 | &nbsp;&nbsp;&nbsp; 361 | 330821 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29 | &nbsp;&nbsp;&nbsp; 315 | 308871 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/30 | &nbsp;&nbsp;&nbsp; 115 | 115193 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/28 | &nbsp;&nbsp;&nbsp; 320 | 327671 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/29 | &nbsp;&nbsp;&nbsp; 335 | 342131 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 177571 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 | &nbsp;&nbsp;&nbsp; 270 | 278728 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/32 | &nbsp;&nbsp;&nbsp; 350 | 360725 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 | &nbsp;&nbsp;&nbsp; $240 | $250120 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 | &nbsp;&nbsp;&nbsp; 280 | 294745 |
| &nbsp;&nbsp;&nbsp; 9.00%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 183 | 192023 |
| PennyMac Financial Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 196341 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 220157 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 355 | 361690 |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 264995 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 252546 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 332445 |
| PRA Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 154 | 142280 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 184131 |
| &nbsp;&nbsp;&nbsp; 8.88%, 01/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 217 | 225365 |
| Rocket Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 810 | 821302 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 770 | 785387 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 359 | 350050 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 299 | 282446 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 438148 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 332 | 293730 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/02/26 | &nbsp;&nbsp;&nbsp; 189 | 184653 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/31/30 | &nbsp;&nbsp;&nbsp; 190 | 197364 |
| Stonex Escrow Issuer LLC, 6.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 117066 |
| StoneX Group Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 215362 |
| Synchrony Financial, 7.25%, 02/02/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 325772 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 252 | 246491 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 179980 |
| UWM Holdings LLC, 6.63%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 313 | 313138 |
|  |  | 20331027 |
| **Electric — 4.7%** | **Electric — 4.7%** | **Electric — 4.7%** |
| AES Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 07/15/55, (5-year CMT + 2.890%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 190 | 183069 |
| &nbsp;&nbsp;&nbsp; 7.60%, 01/15/55, (5-year CMT + 3.201%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 380 | 383817 |
| &nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp., 4.75%, 01/18/82, <br> (5-year CMT + 3.249%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 300930 |
| &nbsp;&nbsp;&nbsp; Atlantica Sustainable Infrastructure Ltd., 4.13%, <br> 06/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 149681 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable <br> Infrastructure PLC, 6.38%, 02/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 320 | 323237 |
| Calpine Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 264 | 248202 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 506 | 500499 |
| Clearway Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360 | 328593 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 110 | 97714 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 324462 |
| &nbsp;&nbsp;&nbsp; ContourGlobal Power Holdings SA, 6.75%, <br> 02/28/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 215250 |
| DPL Inc., 4.35%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 123 | 119951 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/54, (5-year CMT + 3.658%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 195 | 186908 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/15/53, (5-year CMT + 3.864%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 184 | 180426 |
| &nbsp;&nbsp;&nbsp; Electricite de France SA, 9.13%, (5-year CMT + <br> 5.411%)<sup>(a)(c)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 570 | 653149 |
| &nbsp;&nbsp;&nbsp; EUSHI Finance Inc., 7.63%, 12/15/54, (5-year CMT + <br> 3.136%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 219414 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp;&nbsp; Leeward Renewable Energy Operations LLC, 4.25%, <br> 07/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $180 | $168665 |
| Lightning Power LLC, 7.25%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 599 | 626235 |
| NRG Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 145509 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 420 | 384472 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 132 | 120594 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 227446 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 365 | 366118 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 354 | 350862 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 355 | 355963 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 356 | 360721 |
| &nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy <br> Operations Inc., 4.50%, 08/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 269 | 260791 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 | &nbsp;&nbsp;&nbsp; 381 | 371732 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/30 | &nbsp;&nbsp;&nbsp; 367 | 352029 |
| Talen Energy Supply LLC, 8.63%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 454 | 482452 |
| TransAlta Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/40 | &nbsp;&nbsp;&nbsp; 115 | 111525 |
| &nbsp;&nbsp;&nbsp; 7.75%, 11/15/29 | &nbsp;&nbsp;&nbsp; 185 | 192760 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485 | 469968 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/31/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485 | 482401 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 244867 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 505 | 504419 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 409 | 424970 |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 548 | 579999 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/26<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 154 | 150305 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 233 | 225563 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 295743 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 283203 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 413078 |
|  |  | 13367692 |
| **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** |
| EnerSys |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 12/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 106 | 104123 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 110 | 113042 |
| WESCO Distribution Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 373 | 382584 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 332 | 339888 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 346 | 357006 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 400260 |
|  |  | 1696903 |
| **Electronics — 0.9%** | **Electronics — 0.9%** | **Electronics — 0.9%** |
| Atkore Inc., 4.25%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 129210 |
| Coherent Corp., 5.00%, 12/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 410 | 401263 |
| Imola Merger Corp., 4.75%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 800 | 776184 |
| Sensata Technologies BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 415 | 394428 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 165133 |
| Sensata Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 314 | 286492 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 142 | 135880 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 158378 |
| TTM Technologies Inc., 4.00%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 210 | 199882 |
|  |  | 2646850 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Energy - Alternate Sources — 0.3%** | **Energy - Alternate Sources — 0.3%** | **Energy - Alternate Sources — 0.3%** |
| TerraForm Power Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $275 | $263613 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 262 | 258472 |
| Topaz Solar Farms LLC, 5.75%, 09/30/39<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 226 | 221712 |
|  |  | 743797 |
| **Engineering & Construction — 0.8%** | **Engineering & Construction — 0.8%** | **Engineering & Construction — 0.8%** |
| AECOM, 6.00%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390 | 393171 |
| &nbsp;&nbsp;&nbsp; ATP Tower Holdings/Andean Telecom Partners Chile <br> SpA/Andean Tower Partners C, 7.88%, 02/03/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 152156 |
| Dycom Industries Inc., 4.50%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 213 | 206458 |
| Fluor Corp., 4.25%, 09/15/28 | &nbsp;&nbsp;&nbsp; 235 | 231221 |
| Global Infrastructure Solutions Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149222 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 118139 |
| HTA Group Ltd./Mauritius, 7.50%, 06/04/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 370 | 381877 |
| TopBuild Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 155474 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 188933 |
| &nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., 4.88%, <br> 09/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 185 | 178016 |
|  |  | 2154667 |
| **Entertainment — 2.7%** | **Entertainment — 2.7%** | **Entertainment — 2.7%** |
| Brightstar Lottery PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 325 | 322521 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 222241 |
| Caesars Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 563 | 574157 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 767 | 791185 |
| Live Nation Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 208965 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 385 | 389393 |
| Resorts World Las Vegas LLC/RWLV Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 271280 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/06/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105 | 86988 |
| &nbsp;&nbsp;&nbsp; 8.45%, 07/27/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120 | 119469 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme <br> Parks Inc., 6.63%, 05/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 355 | 361499 |
| &nbsp;&nbsp;&nbsp; Speedway Motorsports LLC/Speedway Funding <br> II Inc., 4.88%, 11/01/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 153281 |
| Vail Resorts Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 30 | 30165 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 251798 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 690 | 729912 |
| Warnermedia Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 03/15/29 | &nbsp;&nbsp;&nbsp; 200 | 187788 |
| &nbsp;&nbsp;&nbsp; 4.28%, 03/15/32 | &nbsp;&nbsp;&nbsp; 1000 | 839740 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/42 | &nbsp;&nbsp;&nbsp; 1375 | 919119 |
| &nbsp;&nbsp;&nbsp; 5.14%, 03/15/52 | &nbsp;&nbsp;&nbsp; 250 | 154407 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 267918 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 330968 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 370 | 393535 |
|  |  | 7606329 |
| **Environmental Control — 0.7%** | **Environmental Control — 0.7%** | **Environmental Control — 0.7%** |
| Clean Harbors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 173563 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 152 | 149490 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 214 | 218505 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| GFL Environmental Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $305 | $295606 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 169417 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 263987 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 364 | 377227 |
| Wrangler Holdco Corp., 6.63%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 237627 |
|  |  | 1885422 |
| **Food — 2.5%** | **Food — 2.5%** | **Food — 2.5%** |
| &nbsp;&nbsp;&nbsp; Albertsons Companies Inc./Safeway Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 550 | 518682 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 550 | 545543 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 310 | 302164 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 269787 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 193662 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 319 | 323950 |
| Ingles Markets Inc., 4.00%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 164 | 152308 |
| Lamb Weston Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 380527 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/31/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 297 | 277505 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 191 | 188972 |
| Performance Food Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 324 | 311505 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 435 | 434331 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 423 | 429551 |
| Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/32 | &nbsp;&nbsp;&nbsp; 343 | 308030 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/15/31 | &nbsp;&nbsp;&nbsp; 235 | 224616 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 | &nbsp;&nbsp;&nbsp; 375 | 394150 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 | &nbsp;&nbsp;&nbsp; 210 | 229706 |
| Post Holdings Inc., 6.25%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 425 | 432938 |
| Safeway Inc., 7.25%, 02/01/31 | &nbsp;&nbsp;&nbsp; 127 | 136011 |
| U.S. Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 162 | 156054 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 380 | 372148 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 217977 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175079 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 156279 |
|  |  | 7131475 |
| **Gas — 0.5%** | **Gas — 0.5%** | **Gas — 0.5%** |
| &nbsp;&nbsp;&nbsp; AltaGas Ltd., 7.20%, 10/15/54, (5-year CMT + <br> 3.573%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 355 | 357720 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485 | 523773 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 465 | 509857 |
|  |  | 1391350 |
| **Health Care - Products — 1.5%** | **Health Care - Products — 1.5%** | **Health Care - Products — 1.5%** |
| Avantor Funding Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 316 | 298020 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 586556 |
| &nbsp;&nbsp;&nbsp; Dentsply Sirona Inc., 8.38%, 09/12/55, (5-year CMT + <br> 2.769%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 230 | 231887 |
| Hologic Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 246210 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 177319 |
| Medline Borrower LP, 3.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1701 | 1622201 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer Inc., 6.25%, <br> 04/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 557 | 567941 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Teleflex Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $227 | $219834 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/27 | &nbsp;&nbsp;&nbsp; 193 | 189837 |
|  |  | 4139805 |
| **Health Care - Services — 3.5%** | **Health Care - Services — 3.5%** | **Health Care - Services — 3.5%** |
| Charles River Laboratories International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 207243 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 210 | 192707 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 178 | 172545 |
| DaVita Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 574 | 520537 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1039 | 990798 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 375 | 386734 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 369 | 379381 |
| Encompass Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/28 | &nbsp;&nbsp;&nbsp; 307 | 301851 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 148039 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 303009 |
| IQVIA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 310 | 309239 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 445 | 442442 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 790 | 810109 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 221673 |
| Molina Healthcare Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 213 | 192333 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 274991 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 325 | 311050 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 320 | 315715 |
| Pediatrix Medical Group Inc., 5.38%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 141998 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/29 | &nbsp;&nbsp;&nbsp; 419 | 404358 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/30 | &nbsp;&nbsp;&nbsp; 610 | 586479 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; 258 | 253613 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/01/27 | &nbsp;&nbsp;&nbsp; 445 | 443199 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; 803 | 810250 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31 | &nbsp;&nbsp;&nbsp; 543 | 558720 |
| Toledo Hospital (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.98%, 11/15/45<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 105307 |
| &nbsp;&nbsp;&nbsp; 6.02%, 11/15/48 | &nbsp;&nbsp;&nbsp; 130 | 119275 |
| &nbsp;&nbsp;&nbsp; Series B, 5.33%, 11/15/28 | &nbsp;&nbsp;&nbsp; 149 | 149065 |
|  |  | 10052660 |
| **Holding Companies - Diversified — 0.3%** | **Holding Companies - Diversified — 0.3%** | **Holding Companies - Diversified — 0.3%** |
| Prospect Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.36%, 11/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 119836 |
| &nbsp;&nbsp;&nbsp; 3.44%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 130935 |
| Stena International SA |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 280 | 284529 |
| &nbsp;&nbsp;&nbsp; 7.63%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 174723 |
|  |  | 710023 |
| **Home Builders — 1.6%** | **Home Builders — 1.6%** | **Home Builders — 1.6%** |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC / Ashton Woods Finance Co., <br> 6.88%, 08/01/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 180 | 179615 |
| Ashton Woods USA LLC/Ashton Woods Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 122827 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 164107 |
| Century Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 213 | 196353 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/01/27 | &nbsp;&nbsp;&nbsp; 155 | 155098 |
| Dream Finders Homes Inc., 8.25%, 08/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 113848 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| Forestar Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $130 | $129015 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 215837 |
| Installed Building Products Inc., 5.75%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120 | 119667 |
| KB Home |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 172 | 157881 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 | &nbsp;&nbsp;&nbsp; 148 | 144628 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/27 | &nbsp;&nbsp;&nbsp; 85 | 86832 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/30 | &nbsp;&nbsp;&nbsp; 144 | 148247 |
| LGI Homes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 118 | 107574 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 173250 |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 126 | 132152 |
| M/I Homes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 02/15/30 | &nbsp;&nbsp;&nbsp; 140 | 129713 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/01/28 | &nbsp;&nbsp;&nbsp; 160 | 158416 |
| Mattamy Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 225449 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 178706 |
| Shea Homes LP/Shea Homes Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 210 | 204973 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/29 | &nbsp;&nbsp;&nbsp; 90 | 87098 |
| STL Holding Co. LLC, 8.75%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 118 | 122512 |
| Taylor Morrison Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 222115 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 181495 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 174 | 175237 |
| Thor Industries Inc., 4.00%, 10/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 211112 |
| Tri Pointe Homes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/27 | &nbsp;&nbsp;&nbsp; 137 | 135812 |
| &nbsp;&nbsp;&nbsp; 5.70%, 06/15/28 | &nbsp;&nbsp;&nbsp; 160 | 161647 |
|  |  | 4541216 |
| **Home Furnishings — 0.7%** | **Home Furnishings — 0.7%** | **Home Furnishings — 0.7%** |
| Somnigroup International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 310 | 279863 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 293 | 278266 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 05/15/31 | &nbsp;&nbsp;&nbsp; 115 | 96241 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/46<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 130557 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 137748 |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/14/32 | &nbsp;&nbsp;&nbsp; 100 | 91243 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 249077 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/01/43<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 84308 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/33 | &nbsp;&nbsp;&nbsp; 105 | 100362 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 105109 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; 255 | 254392 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 | &nbsp;&nbsp;&nbsp; 230 | 226637 |
|  |  | 2033803 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Central Garden & Pet Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 201 | 188890 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 166 | 153747 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 89 | 88616 |
|  |  | 431253 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset <br> Investor 2 LLC/APH3 Somerset Inves, 7.88%, <br> 11/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 305 | 314229 |
| Assurant Inc., 7.00%, 03/27/48<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 170 | 173641 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Global Atlantic Fin Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 10/15/51, (5-year CMT + 3.796%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; $220 | $215352 |
| &nbsp;&nbsp;&nbsp; 7.95%, 10/15/54, (5-year CMT + 3.608%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 227 | 237216 |
| Liberty Mutual Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/15/51, (5-year CMT + 3.315%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 220 | 214085 |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/01/61<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 178021 |
| &nbsp;&nbsp;&nbsp; 7.80%, 03/07/87<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 175217 |
| &nbsp;&nbsp;&nbsp; Nassau Companies of New York (The), 7.88%, <br> 07/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 130 | 131240 |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 172711 |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 476313 |
| &nbsp;&nbsp;&nbsp; Wilton RE Ltd., 6.00%, (5-year CMT + <br> 5.266%)<sup>(a)(b)(c)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 145 | 144560 |
|  |  | 2432585 |
| **Internet — 2.0%** | **Internet — 2.0%** | **Internet — 2.0%** |
| &nbsp;&nbsp;&nbsp; Cogent Communications Group LLC/Cogent <br> Finance Inc., 6.50%, 07/01/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 275 | 269495 |
| Gen Digital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 402694 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 276 | 280535 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 273867 |
| Getty Images Inc., 11.25%, 02/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 229800 |
| Go Daddy Operating Co. LLC/GD Finance Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 281578 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 234125 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 165536 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 181 | 168805 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 185633 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 181 | 179621 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 139561 |
| Rakuten Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 795 | 870459 |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 685 | 742369 |
| Snap Inc., 6.88%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 615211 |
| Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 10/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 300158 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 271597 |
| Ziff Davis Inc., 4.63%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186076 |
|  |  | 5797120 |
| **Iron & Steel — 1.7%** | **Iron & Steel — 1.7%** | **Iron & Steel — 1.7%** |
| &nbsp;&nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., 6.63%, <br> 01/31/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 305 | 304960 |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/15/28 | &nbsp;&nbsp;&nbsp; 132 | 132505 |
| &nbsp;&nbsp;&nbsp; 7.63%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 123827 |
| Champion Iron Canada Inc., 7.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204270 |
| Cleveland-Cliffs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 158 | 148914 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 101 | 89622 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 238 | 238174 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 248 | 246695 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 380181 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 584 | 569756 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 369954 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 255 | 254539 |
| Commercial Metals Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/31 | &nbsp;&nbsp;&nbsp; 95 | 87486 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/15/30 | &nbsp;&nbsp;&nbsp; 125 | 118657 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/15/32 | &nbsp;&nbsp;&nbsp; $140 | $129655 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 218563 |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 190560 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 276382 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 467 | 488086 |
| U.S. Steel Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.65%, 06/01/37 | &nbsp;&nbsp;&nbsp; 87 | 90909 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/29 | &nbsp;&nbsp;&nbsp; 128 | 128770 |
|  |  | 4792465 |
| **Leisure Time — 1.8%** | **Leisure Time — 1.8%** | **Leisure Time — 1.8%** |
| Acushnet Co., 7.38%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 171895 |
| Amer Sports Co., 6.75%, 02/16/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 327570 |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 95 | 95948 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 385 | 390508 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 775 | 780247 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 400925 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 780 | 786917 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 770 | 783661 |
| Life Time Inc., 6.00%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 206513 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 300889 |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 332 | 348779 |
| &nbsp;&nbsp;&nbsp; Viking Ocean Cruises Ship VII Ltd., 5.63%, <br> 02/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 154 | 152978 |
| VOC Escrow Ltd., 5.00%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 273 | 270520 |
|  |  | 5017350 |
| **Lodging — 2.6%** | **Lodging — 2.6%** | **Lodging — 2.6%** |
| Boyd Gaming Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/01/27 | &nbsp;&nbsp;&nbsp; 375 | 371561 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 347 | 330516 |
| &nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY Capital Inc., 7.25%, <br> 10/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 410 | 422123 |
| Hilton Domestic Operating Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 580 | 522943 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 303 | 288642 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 464 | 432949 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/30 | &nbsp;&nbsp;&nbsp; 421 | 415220 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 154946 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 370 | 370352 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 240 | 243888 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 368 | 370761 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 142779 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower Escrow LLC/Hilton <br> Grand Vacations Borrower Esc, 6.63%, 01/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 378 | 382243 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Finance LLC/Hilton Worldwide <br> Finance Corp., 4.88%, 04/01/27<br>| &nbsp;&nbsp;&nbsp; 175 | 174818 |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/26 | &nbsp;&nbsp;&nbsp; 110 | 109580 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 273 | 269387 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 | &nbsp;&nbsp;&nbsp; 290 | 291013 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 380141 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 252 | 255963 |
| Travel & Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 254451 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 134 | 128418 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/01/27 | &nbsp;&nbsp;&nbsp; 145 | 146108 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/31/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 193 | 194421 |
| Wyndham Hotels & Resorts Inc., 4.38%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 228048 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| &nbsp;&nbsp;&nbsp; Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., <br> 5.25%, 05/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $375 | $374311 |
|  |  | 7255582 |
| **Machinery — 0.8%** | **Machinery — 0.8%** | **Machinery — 0.8%** |
| ATS Corp., 4.13%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 133057 |
| BWX Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/30/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 158 | 152910 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 163 | 156453 |
| Chart Industries Inc., 7.50%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 590 | 618043 |
| Esab Corp., 6.25%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 306528 |
| Mueller Water Products Inc., 4.00%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 176703 |
| Terex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 267 | 260611 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 255397 |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 351 | 341346 |
|  |  | 2401048 |
| **Manufacturing — 0.6%** | **Manufacturing — 0.6%** | **Manufacturing — 0.6%** |
| Amsted Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 189 | 181005 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 172713 |
| Axon Enterprise Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 316 | 322731 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 343198 |
| Enpro Inc., 6.13%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 196731 |
| Hillenbrand Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 103138 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 146856 |
| Trinity Industries Inc., 7.75%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 270690 |
|  |  | 1737062 |
| **Media — 5.7%** | **Media — 5.7%** | **Media — 5.7%** |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 688 | 628421 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 479 | 412731 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 595 | 556694 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/32 | &nbsp;&nbsp;&nbsp; 624 | 566195 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 346217 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 675 | 641381 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 240334 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 567 | 556386 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 755 | 748819 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 271 | 266171 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 364 | 367346 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 222 | 228227 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 316449 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing <br> Co-Obligor Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1259 | 1252080 |
| &nbsp;&nbsp;&nbsp; 10.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 810 | 781145 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 132872 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/20/28 | &nbsp;&nbsp;&nbsp; 500 | 481250 |
| Nexstar Media Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 413076 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 672 | 670696 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/28/57<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 265 | 255394 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/30/62, (5-year CMT + 3.999%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 415 | 408774 |
| Sirius XM Radio Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/01/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 283485 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 603 | 531981 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $805 | $766189 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 487 | 444258 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 614 | 607321 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 524 | 517487 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 497 | 468472 |
| TEGNA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 388287 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 454 | 436401 |
| Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 285 | 265010 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 455 | 444785 |
| VZ Secured Financing BV, 5.00%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 630 | 554049 |
| Ziggo BV, 4.88%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 375 | 346414 |
|  |  | 16324797 |
| **Metal Fabricate & Hardware — 0.2%** | **Metal Fabricate & Hardware — 0.2%** | **Metal Fabricate & Hardware — 0.2%** |
| Advanced Drainage Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 133595 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 197947 |
| Vallourec SACA, 7.50%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 345 | 365246 |
|  |  | 696788 |
| **Mining — 1.6%** | **Mining — 1.6%** | **Mining — 1.6%** |
| Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 214429 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 245005 |
| Alumina Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 222426 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 160 | 162237 |
| Arsenal AIC Parent LLC, 8.00%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 291 | 308462 |
| Constellium SE |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 154853 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 113652 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 167226 |
| Fortescue Treasury Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 595 | 557456 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 246405 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 302 | 305784 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 262 | 267160 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 216433 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 319 | 286136 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 635 | 608270 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 292 | 300890 |
| Perenti Finance Pty Ltd., 7.50%, 04/26/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120 | 123998 |
|  |  | 4500822 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| Xerox Corp., 10.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 190211 |
| Zebra Technologies Corp., 6.50%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 222 | 227545 |
|  |  | 417756 |
| **Office Furnishings — 0.1%** | **Office Furnishings — 0.1%** | **Office Furnishings — 0.1%** |
| Steelcase Inc., 5.13%, 01/18/29 | &nbsp;&nbsp;&nbsp; 189 | 186162 |
| **Oil & Gas — 5.9%** | **Oil & Gas — 5.9%** | **Oil & Gas — 5.9%** |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC / ARU Finance <br> Corp., 6.63%, 07/15/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 235 | 238256 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 123 | 122560 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 233958 |
| Baytex Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 216 | 208886 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; $280 | $284940 |
| Chord Energy Corp., 6.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 320 | 326407 |
| Civitas Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 117 | 115712 |
| &nbsp;&nbsp;&nbsp; 8.38%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 549 | 564551 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 321374 |
| &nbsp;&nbsp;&nbsp; 8.75%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 550 | 556786 |
| &nbsp;&nbsp;&nbsp; 9.63%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 298288 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 179903 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 278372 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 190668 |
| Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 408 | 390323 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 463 | 452447 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197951 |
| &nbsp;&nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, <br> 8.50%, 10/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 205 | 213660 |
| Energean PLC, 6.50%, 04/30/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 132638 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 197 | 193510 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 153 | 150451 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 262 | 252377 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 258 | 258996 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149 | 143037 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 152 | 146359 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 406 | 395674 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 255 | 266098 |
| Ithaca Energy North Sea PLC, 8.13%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 324737 |
| Matador Resources Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 317020 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 356 | 357050 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 171 | 173800 |
| MEG Energy Corp., 5.88%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 258 | 258033 |
| Murphy Oil Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/01/42<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 81703 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/01/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 249504 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 521 | 531403 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 273 | 263022 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 316462 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 240 | 240204 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 151 | 154342 |
| PBF Holding Co. LLC/PBF Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28 | &nbsp;&nbsp;&nbsp; 253 | 243477 |
| &nbsp;&nbsp;&nbsp; 7.88%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 210 | 191528 |
| &nbsp;&nbsp;&nbsp; 9.88%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 327098 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 300183 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 430 | 432558 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 407885 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 173828 |
| &nbsp;&nbsp;&nbsp; 9.88%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 93 | 101238 |
| Range Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 218 | 211910 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; 175 | 179433 |
| Seadrill Finance Ltd., 8.38%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 240053 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/28 | &nbsp;&nbsp;&nbsp; 100 | 100621 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/27 | &nbsp;&nbsp;&nbsp; 168 | 167627 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/26 | &nbsp;&nbsp;&nbsp; 95 | 95213 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $310 | $310245 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 292115 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 380 | 384864 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 253592 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 291 | 304967 |
| Sunoco LP/Sunoco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/29 | &nbsp;&nbsp;&nbsp; 307 | 297574 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/30/30 | &nbsp;&nbsp;&nbsp; 328 | 314494 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 115 | 114687 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/27 | &nbsp;&nbsp;&nbsp; 260 | 259827 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 218 | 224538 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 451 | 465833 |
|  |  | 16776850 |
| **Oil & Gas Services — 1.1%** | **Oil & Gas Services — 1.1%** | **Oil & Gas Services — 1.1%** |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 237 | 236986 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 299 | 303433 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 165090 |
| Bristow Group Inc., 6.88%, 03/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 160379 |
| Enerflex Ltd., 9.00%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 166 | 170941 |
| Helix Energy Solutions Group Inc., 9.75%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 146192 |
| Kodiak Gas Services LLC, 7.25%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 304 | 311339 |
| Oceaneering International Inc., 6.00%, 02/01/28 | &nbsp;&nbsp;&nbsp; 110 | 110639 |
| TGS ASA, 8.50%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 239428 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/27 | &nbsp;&nbsp;&nbsp; 340 | 339918 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 337344 |
| Weatherford International Ltd., 8.63%, 04/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 580 | 595841 |
|  |  | 3117530 |
| **Packaging & Containers — 2.1%** | **Packaging & Containers — 2.1%** | **Packaging & Containers — 2.1%** |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 08/15/30 | &nbsp;&nbsp;&nbsp; 467 | 419502 |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 281938 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 396934 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 280 | 285797 |
| &nbsp;&nbsp;&nbsp; Cascades Inc./Cascades USA Inc., 5.38%, <br> 01/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 190 | 185783 |
| &nbsp;&nbsp;&nbsp; Cascades Inc/Cascades USA Inc., 6.75%, <br> 07/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 185 | 184567 |
| Clydesdale Acquisition Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 187193 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 540 | 553127 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 189187 |
| Crown Americas LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 192073 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 275 | 275511 |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC/Crown Americas Capital Corp. <br> V, 4.25%, 09/30/26<br>| &nbsp;&nbsp;&nbsp; 123 | 121742 |
| Crown Cork & Seal Co. Inc., 7.38%, 12/15/26 | &nbsp;&nbsp;&nbsp; 160 | 165047 |
| Graphic Packaging International LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 185557 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105 | 98441 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 158883 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 112797 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 227714 |
| OI European Group BV, 4.75%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 175289 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $141 | $136896 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 187412 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 149341 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 192 | 205242 |
| Sealed Air Corp./Sealed Air Corp. U.S. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 247342 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207881 |
| Silgan Holdings Inc., 4.13%, 02/01/28 | &nbsp;&nbsp;&nbsp; 244 | 237002 |
| TriMas Corp., 4.13%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180 | 172692 |
|  |  | 5940890 |
| **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** |
| 180 Medical Inc., 3.88%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 203552 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/10/54, (5-year CMT + 2.516%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 302 | 302250 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/55, (5-year CMT + 2.886%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 870 | 895091 |
| &nbsp;&nbsp;&nbsp; HLF Financing SARL LLC/Herbalife International Inc., <br> 12.25%, 04/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 302 | 327278 |
| Jazz Securities DAC, 4.38%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 610 | 590100 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/30/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 780 | 738277 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 202740 |
|  |  | 3259288 |
| **Pipelines — 5.4%** | **Pipelines — 5.4%** | **Pipelines — 5.4%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 240 | 237982 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 270114 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 292 | 291550 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 257 | 264186 |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/01/26 | &nbsp;&nbsp;&nbsp; 270 | 265458 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/27 | &nbsp;&nbsp;&nbsp; 121 | 118019 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 160 | 156183 |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/44 | &nbsp;&nbsp;&nbsp; 90 | 75899 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/43 | &nbsp;&nbsp;&nbsp; 185 | 164474 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 218 | 225685 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 255 | 262495 |
| CNX Midstream Partners LP, 4.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 174762 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 566 | 552935 |
| &nbsp;&nbsp;&nbsp; 7.50%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 228967 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 10/01/54, (5-year CMT + 2.829%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 190 | 194829 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/54, (5-year CMT + 4.020%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 251 | 267387 |
| Excelerate Energy LP, 8.00%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 120388 |
| Harvest Midstream I LP |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 308712 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 228676 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 312 | 301888 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 209 | 207923 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 140609 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 340515 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 186 | 191599 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 405 | 405328 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 435 | 444880 |
| Northriver Midstream Finance LP, 6.75%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 247 | 251476 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| NuStar Logistics LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/28/27 | &nbsp;&nbsp;&nbsp; $228 | $229155 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/01/30 | &nbsp;&nbsp;&nbsp; 230 | 236945 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105 | 101008 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 230409 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 181790 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/40<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 226484 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/15/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 85 | 87447 |
| South Bow Canadian Infrastructure Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/01/55, (5-year CMT + 3.667%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 192 | 199476 |
| &nbsp;&nbsp;&nbsp; 7.63%, 03/01/55, (5-year CMT + 3.949%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 120 | 123934 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 436267 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 325 | 333778 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 511 | 482347 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 505 | 466462 |
| Venture Global LNG Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 593 | 601311 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 907 | 939029 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 930922 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1177 | 1283612 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 607 | 654919 |
| Venture Global Plaquemines LNG LLC. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 470 | 483513 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 495 | 509209 |
|  |  | 15430936 |
| **Real Estate — 0.5%** | **Real Estate — 0.5%** | **Real Estate — 0.5%** |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 238 | 239806 |
| &nbsp;&nbsp;&nbsp; 8.88%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 150046 |
| &nbsp;&nbsp;&nbsp; Greystar Real Estate Partners LLC, 7.75%, <br> 09/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 180 | 190295 |
| Howard Hughes Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 233 | 222109 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 248490 |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 242 | 240515 |
| Newmark Group Inc., 7.50%, 01/12/29 | &nbsp;&nbsp;&nbsp; 215 | 228188 |
|  |  | 1519449 |
| **Real Estate Investment Trusts — 3.4%** | **Real Estate Investment Trusts — 3.4%** | **Real Estate Investment Trusts — 3.4%** |
| Arbor Realty SR Inc., 7.88%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 160 | 163391 |
| Brandywine Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/15/27 | &nbsp;&nbsp;&nbsp; 173 | 167011 |
| &nbsp;&nbsp;&nbsp; 4.55%, 10/01/29 | &nbsp;&nbsp;&nbsp; 110 | 103408 |
| &nbsp;&nbsp;&nbsp; 8.30%, 03/15/28 | &nbsp;&nbsp;&nbsp; 140 | 148537 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/12/29 | &nbsp;&nbsp;&nbsp; 255 | 273421 |
| Global Net Lease Inc., 4.50%, 09/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 218 | 209688 |
| &nbsp;&nbsp;&nbsp; Global Net Lease Inc./Global Net Lease Operating <br> Partnership LP, 3.75%, 12/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 165 | 157262 |
| Iron Mountain Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 408 | 385850 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 370 | 367192 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 367 | 358840 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 197 | 194980 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 273 | 271611 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 491366 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 256 | 252662 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 455 | 462770 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410910 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management Services Inc., <br> 5.00%, 07/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $285 | $271976 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 201213 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 262120 |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 193754 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 298 | 286660 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 288870 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 194579 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 184783 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 | &nbsp;&nbsp;&nbsp; 300 | 296769 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 392 | 400293 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 245779 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 143 | 147467 |
| RLJ Lodging Trust LP, 4.00%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 158 | 147454 |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 02/01/29 | &nbsp;&nbsp;&nbsp; 614 | 572269 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/27 | &nbsp;&nbsp;&nbsp; 592 | 581773 |
| Starwood Property Trust Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 188 | 184787 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 146424 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 180001 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 200716 |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 235314 |
| Vornado Realty LP, 3.40%, 06/01/31 | &nbsp;&nbsp;&nbsp; 155 | 135920 |
|  |  | 9777820 |
| **Retail — 4.6%** | **Retail — 4.6%** | **Retail — 4.6%** |
| 1011778 BC ULC/New Red Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 298058 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 605 | 583549 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 213 | 214271 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 468 | 478330 |
| Academy Ltd., 6.00%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 184609 |
| Advance Auto Parts Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/01/27 | &nbsp;&nbsp;&nbsp; 105 | 96666 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 159 | 135831 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/30 | &nbsp;&nbsp;&nbsp; 210 | 190424 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/09/28 | &nbsp;&nbsp;&nbsp; 89 | 89406 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 110 | 110560 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125670 |
| Asbury Automotive Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 | &nbsp;&nbsp;&nbsp; 140 | 137672 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 302670 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 | &nbsp;&nbsp;&nbsp; 160 | 153667 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 245935 |
| Bath & Body Works Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 190096 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 327549 |
| &nbsp;&nbsp;&nbsp; 6.69%, 01/15/27 | &nbsp;&nbsp;&nbsp; 92 | 94310 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/01/36<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 182168 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/35 | &nbsp;&nbsp;&nbsp; 332 | 341622 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/15/29 | &nbsp;&nbsp;&nbsp; 174 | 177725 |
| Brinker International Inc., 8.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130 | 137900 |
| FirstCash Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 190652 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 212774 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 174268 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Gap Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $295 | $272227 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 281 | 249715 |
| Group 1 Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 280 | 269968 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 198620 |
| &nbsp;&nbsp;&nbsp; KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of <br> America LLC, 4.75%, 06/01/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 220 | 218907 |
| Kohl's Corp., 10.00%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 160 | 166179 |
| Lithia Motors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 306 | 288322 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 202238 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 133 | 130937 |
| Macy's Retail Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/15/43 | &nbsp;&nbsp;&nbsp; 80 | 52948 |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/15/34 | &nbsp;&nbsp;&nbsp; 118 | 95523 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/42 | &nbsp;&nbsp;&nbsp; 74 | 51883 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 41 | 40480 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 151 | 144578 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 185705 |
| Murphy Oil USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198 | 181853 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/15/29 | &nbsp;&nbsp;&nbsp; 197 | 192618 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/01/27 | &nbsp;&nbsp;&nbsp; 108 | 107864 |
| Nordstrom Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 88046 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/31 | &nbsp;&nbsp;&nbsp; 136 | 117840 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/30 | &nbsp;&nbsp;&nbsp; 210 | 190411 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/44 | &nbsp;&nbsp;&nbsp; 390 | 262275 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 123136 |
| Penske Automotive Group Inc., 3.75%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 208248 |
| QXO Building Products Inc., 6.75%, 04/30/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 880 | 906201 |
| &nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital Inc., 6.75%, <br> 03/01/32<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 231 | 237083 |
| Sonic Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 242 | 232735 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 196 | 184728 |
| &nbsp;&nbsp;&nbsp; Superior Plus LP/Superior General Partner Inc., <br> 4.50%, 03/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 255 | 243267 |
| Vivo Energy Investments BV, 5.13%, 09/24/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105 | 103418 |
| Yum! Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/31 | &nbsp;&nbsp;&nbsp; 434 | 400027 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/31/32 | &nbsp;&nbsp;&nbsp; 325 | 311120 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 338 | 333139 |
| &nbsp;&nbsp;&nbsp; 5.35%, 11/01/43 | &nbsp;&nbsp;&nbsp; 80 | 75282 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/01/32 | &nbsp;&nbsp;&nbsp; 386 | 383910 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/15/37 | &nbsp;&nbsp;&nbsp; 145 | 155878 |
|  |  | 12983691 |
| **Semiconductors — 0.8%** | **Semiconductors — 0.8%** | **Semiconductors — 0.8%** |
| Amkor Technology Inc., 6.63%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 116 | 115862 |
| Entegris Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 118 | 110710 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 135 | 131544 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 639 | 625923 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 353 | 356162 |
| Kioxia Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/24/30 | &nbsp;&nbsp;&nbsp; 300 | 298889 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/24/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 296857 |
| ON Semiconductor Corp., 3.88%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 289905 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| Synaptics Inc., 4.00%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $185 | $174656 |
|  |  | 2400508 |
| **Software — 1.2%** | **Software — 1.2%** | **Software — 1.2%** |
| Elastic NV, 4.13%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 237768 |
| Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 377 | 364108 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 565 | 567653 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 371 | 357091 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 259 | 242435 |
| Open Text Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 367 | 343992 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 273 | 248444 |
| PTC Inc., 4.00%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 219238 |
| RingCentral Inc., 8.50%, 08/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 148 | 157246 |
| ROBLOX Corp., 3.88%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 415 | 390622 |
| Twilio Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 | &nbsp;&nbsp;&nbsp; 180 | 170476 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 190487 |
|  |  | 3489560 |
| **Telecommunications — 3.3%** | **Telecommunications — 3.3%** | **Telecommunications — 3.3%** |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/55, (5-year CMT + 2.390%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 415 | 422226 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/55, (5-year CMT + 2.363%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 490 | 497296 |
| British Telecommunications PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/23/81, (5-year CMT + 2.985%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 180 | 177062 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/23/81, (5-year CMT + 3.493%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 205 | 192050 |
| Ciena Corp., 4.00%, 01/31/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 174 | 164411 |
| Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp; Series 2033, 6.38%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 198581 |
| &nbsp;&nbsp;&nbsp; Series 2034, 6.00%, 09/30/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170 | 160573 |
| &nbsp;&nbsp;&nbsp; Series 2036, 7.20%, 07/18/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 143579 |
| &nbsp;&nbsp;&nbsp; Series 2038, 7.72%, 06/04/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 218908 |
| Frontier Florida LLC, Series E, 6.86%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 114483 |
| Millicom International Cellular SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/27/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 216531 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 122 | 121393 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 212 | 211657 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/02/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205454 |
| Rogers Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/82, (5-year CMT + 3.590%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 232 | 228709 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/55, (5-year CMT + 2.653%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 430 | 439620 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/15/55, (5-year CMT + 2.620%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 410 | 419554 |
| Telecom Italia Capital SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/30/34 | &nbsp;&nbsp;&nbsp; 231 | 229054 |
| &nbsp;&nbsp;&nbsp; 6.38%, 11/15/33 | &nbsp;&nbsp;&nbsp; 165 | 170658 |
| &nbsp;&nbsp;&nbsp; 7.20%, 07/18/36 | &nbsp;&nbsp;&nbsp; 200 | 209680 |
| &nbsp;&nbsp;&nbsp; 7.72%, 06/04/38 | &nbsp;&nbsp;&nbsp; 161 | 173448 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/15/55, (5-year CMT + 2.709%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 245 | 248102 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/55, (1-day SOFR + 1.350%)<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 345 | 349284 |
| U.S. Cellular Corp., 6.70%, 12/15/33 | &nbsp;&nbsp;&nbsp; 160 | 167982 |
| Viasat Inc., 5.63%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 257 | 255758 |
| Viavi Solutions Inc., 3.75%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 143343 |
| Vmed O2 U.K. Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 546679 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 580 | 536599 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 328137 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/04/81, (5-year CMT + 2.447%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 145899 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/04/81, (5-year CMT + 2.767%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; $410 | $377578 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/04/81, (5-year CMT + 3.073%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 360 | 277589 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/04/79, (5-year USD Swap + 4.873%)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 774 | 808825 |
| Zegona Finance PLC, 8.63%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 270 | 287415 |
|  |  | 9388117 |
| **Transportation — 0.7%** | **Transportation — 0.7%** | **Transportation — 0.7%** |
| Danaos Corp., 8.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 80 | 81572 |
| &nbsp;&nbsp;&nbsp; First Student Bidco Inc./First Transit Parent Inc., <br> 4.00%, 07/31/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 265 | 249918 |
| Genesee & Wyoming Inc., 6.25%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 303458 |
| Rand Parent LLC, 8.50%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 353 | 354951 |
| RXO Inc., 7.50%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152478 |
| Stonepeak Nile Parent LLC, 7.25%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 231075 |
| XPO CNW Inc., 6.70%, 05/01/34 | &nbsp;&nbsp;&nbsp; 88 | 91520 |
| XPO Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 197 | 203801 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 246 | 255713 |
|  |  | 1924486 |
| **Trucking & Leasing — 0.5%** | **Trucking & Leasing — 0.5%** | **Trucking & Leasing — 0.5%** |
| FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 392 | 391054 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198208 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 209 | 216847 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 307 | 317933 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 238560 |
|  |  | 1362602 |
| **Total Long-Term Investments — 98.0%** <br>**(Cost: $276,941,777)** | **Total Long-Term Investments — 98.0%** <br>**(Cost: $276,941,777)** | 278917597 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 16.3%** | **Money Market Funds — 16.3%** | **Money Market Funds — 16.3%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp;&nbsp; 42349851 | 42366791 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(f)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 4070000 | 4070000 |
| **Total Short-Term Securities — 16.3%** <br>**(Cost: $46,417,815)** | **Total Short-Term Securities — 16.3%** <br>**(Cost: $46,417,815)** | 46436791 |
| **Total Investments — 114.3%** <br>**(Cost: $323,359,592)** | **Total Investments — 114.3%** <br>**(Cost: $323,359,592)** | 325354388 |
| **Liabilities in Excess of Other Assets — (14.3)%** | **Liabilities in Excess of Other Assets — (14.3)%** | (40639856)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $284714532 |

---

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

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

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

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

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

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

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

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

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

<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 July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $60422970 | $— | &nbsp;&nbsp; $(18033064 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(4907)<br>| $(18208)<br>| $42366791 | 42349851 | $112723 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| &nbsp;&nbsp;&nbsp;&nbsp; 830000 | 3240000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4070000 | 4070000 | &nbsp;&nbsp;&nbsp; 70441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(4907) | $(18208) | $46436791 |  | $183164 | $— |

---

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

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

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

**Fair Value Hierarchy as of Period End** 

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $278917597 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $278917597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 46436791 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 46436791 |
|  | &nbsp;&nbsp; $46436791 | &nbsp;&nbsp; $278917597 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $325354388 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CMT | Constant Maturity Treasury |
| PIK | Payment-in-kind |
| RB | Revenue Bonds |
| SOFR | Secured Overnight Financing Rate |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® BB Rated Corporate Bond ETF**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** iShares BB Rated Corporate Bond ETF

- **b. EDGAR series identifier (if any):** S000063139

- **c. LEI of Series:** 549300IN0HF4R5TLRD29

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $369268513.02

**Total Liabilities:** $84547053.25

**Net Assets:** $284721459.77

**Delayed Delivery Securities:** $350000.00

**Cash Not Reported:** $192650.76

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.63000000 | **1-Year:** 27.94000000 | **5-Year:** 854.41000000 | **10-Year:** 154.89000000 | **30-Year:** 0.00000000

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

- **3-Month:** 198.31000000 | **1-Year:** 7960.06000000 | **5-Year:** 72075.94000000 | **10-Year:** 6654.42000000 | **30-Year:** 3187.47000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000204721 | 1.52%                | 1.73%                | 0.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11453.22                | $2013926.07                                |
| Month 2  | $-188535.92              | $2707861.42                                |
| Month 3  | $117910.90               | $-659279.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $516807.41    | 0.18%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                           | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    356000 | PA      | $357050.20    | 0.13%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $346217.35    | 0.12%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    406000 | PA      | $396123.65    | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                  | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    217000 | PA      | $225365.35    | 0.08%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    258000 | PA      | $258996.14    | 0.09%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                       | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $122827.49    | 0.04%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    225000 | PA      | $235313.90    | 0.08%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    423000 | PA      | $429551.00    | 0.15%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                     | TELUS Corp                                                                       | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    345000 | PA      | $349283.87    | 0.12%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $264185.98    | 0.09%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    380000 | PA      | $369954.27    | 0.13%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| RITCHIE BROS HLDGS INC                         | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    335000 | PA      | $351077.32    | 0.12%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                       | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    154000 | PA      | $152978.01    | 0.05%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154946.14    | 0.05%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                            | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    599000 | PA      | $626235.33    | 0.22%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    406000 | PA      | $395674.04    | 0.14%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                       | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $313495.91    | 0.11%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Safeway Inc                                    | Safeway Inc                                                                      | CUSIP: 786514BA6<br>LEI: 549300NKZ6VCN5P3K723 | Long             | DBT              | CORP              | US        |    127000 | PA      | $136010.52    | 0.05%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP V                          | Crown Americas LLC / Crown Americas Capital Corp V                               | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    123000 | PA      | $121742.37    | 0.04%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    273000 | PA      | $269386.65    | 0.09%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $240204.06    | 0.08%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137672.09    | 0.05%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110559.79    | 0.04%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                       | Allison Transmission Inc                                                         | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183140.14    | 0.06%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                         | Nassau Cos of New York/The                                                       | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80763.00     | 0.03%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                            | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229857.17    | 0.08%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| VORNADO REALTY LP                              | Vornado Realty LP                                                                | CUSIP: 929043AL1<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |    155000 | PA      | $135920.06    | 0.05%             | 2031-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262000 | PA      | $252377.26    | 0.09%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                         | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    229000 | PA      | $234413.86    | 0.08%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                       | Moog Inc                                                                         | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214941.66    | 0.08%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAH8<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112131.19    | 0.04%             | 2029-09-13      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                  | Nordstrom Inc                                                                    | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    390000 | PA      | $262275.00    | 0.09%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                    | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205897.20    | 0.07%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                       | Discovery Communications LLC                                                     | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132872.37    | 0.05%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    610000 | PA      | $577510.85    | 0.20%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    162000 | PA      | $156053.73    | 0.05%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41000 | PA      | $40479.89     | 0.01%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| CIENA CORP                                     | Ciena Corp                                                                       | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    174000 | PA      | $164410.62    | 0.06%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                            | Viavi Solutions Inc                                                              | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    155000 | PA      | $143343.07    | 0.05%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    180000 | PA      | $180215.28    | 0.06%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    607000 | PA      | $654918.91    | 0.23%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| EUSHI FINANCE INC                              | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $219413.67    | 0.08%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| US CELLULAR CORP                               | United States Cellular Corp                                                      | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |    160000 | PA      | $167981.60    | 0.06%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                             | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $191527.62    | 0.07%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    320000 | PA      | $315714.62    | 0.11%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BC9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128997.91    | 0.05%             | 2034-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    340000 | PA      | $348089.28    | 0.12%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                  | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    126000 | PA      | $132151.70    | 0.05%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                | Yum! Brands Inc                                                                  | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    145000 | PA      | $155877.90    | 0.05%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    213000 | PA      | $214271.18    | 0.08%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                     | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221254.14    | 0.08%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $330968.22    | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                           | Commercial Metals Co                                                             | CUSIP: 201723AP8<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     95000 | PA      | $87486.18     | 0.03%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156279.30    | 0.05%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| CROWDSTRIKE HOLDINGS INC                       | Crowdstrike Holdings Inc                                                         | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    305000 | PA      | $285455.05    | 0.10%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                       | Genting New York LLC / GENNY Capital Inc                                         | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $422123.43    | 0.15%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                          | Prospect Capital Corp                                                            | CUSIP: 74348TAW2<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    145000 | PA      | $130935.00    | 0.05%             | 2028-10-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: —       |
| LAMB WESTON HLD                                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    400000 | PA      | $380527.36    | 0.13%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                            | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    405000 | PA      | $405327.65    | 0.14%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                           | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    171000 | PA      | $173800.05    | 0.06%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $269786.97    | 0.09%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    325000 | PA      | $275483.36    | 0.10%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ZIFF DAVIS INC                                 | Ziff Davis Inc                                                                   | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186075.98    | 0.07%             | 2030-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204AT5<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79401.81     | 0.03%             | 2037-11-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140028.56    | 0.05%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    235000 | PA      | $245004.89    | 0.09%             | 2031-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    365000 | PA      | $326690.04    | 0.11%             | 2031-09-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| EDGEWELL PERSONAL CARE                         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    310000 | PA      | $307668.94    | 0.11%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| MATTAMY GROUP CORP                             | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $178706.48    | 0.06%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    479000 | PA      | $412731.43    | 0.14%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CONSTELLIUM SE                                 | Constellium SE                                                                   | CUSIP: 21039CAA2<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    115000 | PA      | $113651.80    | 0.04%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    290000 | PA      | $295743.06    | 0.10%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    302000 | PA      | $305783.78    | 0.11%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |    270000 | PA      | $262120.48    | 0.09%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                              | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    320000 | PA      | $326407.22    | 0.11%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                       | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV           | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    215000 | PA      | $213104.41    | 0.07%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    345000 | PA      | $359230.02    | 0.13%             | 2031-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $748819.10    | 0.26%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                  | TopBuild Corp                                                                    | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    165000 | PA      | $155473.66    | 0.05%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Methanex Corp                                  | Methanex Corp                                                                    | CUSIP: 59151KAJ7<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $74021.55     | 0.03%             | 2044-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96666.39     | 0.03%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    325000 | PA      | $338333.13    | 0.12%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                             | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    740000 | PA      | $782804.56    | 0.27%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                      | Forvia SE                                                                        | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    170000 | PA      | $177067.37    | 0.06%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                           | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179432.93    | 0.06%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    118000 | PA      | $110710.44    | 0.04%             | 2029-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                      | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388286.65    | 0.14%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    567000 | PA      | $556386.40    | 0.20%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                              | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    425000 | PA      | $432938.15    | 0.15%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                           | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |    213000 | PA      | $206458.49    | 0.07%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    315000 | PA      | $274990.87    | 0.10%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| TWILIO INC                                     | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170475.66    | 0.06%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| VIVO ENERGY INVESTMENTS                        | Vivo Energy Investments BV                                                       | CUSIP: 92856HAB0<br>LEI: 724500P3OXMB2IERLM56 | Long             | DBT              | CORP              | NL        |    105000 | PA      | $103418.16    | 0.04%             | 2027-09-24      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                       | SLM Corp                                                                         | CUSIP: 78442PGE0<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |    214000 | PA      | $209077.44    | 0.07%             | 2026-11-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                            | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    600000 | PA      | $586555.92    | 0.21%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262495.47    | 0.09%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    907000 | PA      | $939029.40    | 0.33%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                         | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $361498.99    | 0.13%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $125240.88    | 0.04%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| PRESTIGE BRANDS INC                            | Prestige Brands Inc                                                              | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    220000 | PA      | $201323.34    | 0.07%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| AXALTA COATING SYSTEMS                         | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    230000 | PA      | $215606.14    | 0.08%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                         | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    140000 | PA      | $150045.98    | 0.05%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    195000 | PA      | $200716.04    | 0.07%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                     | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $336351.63    | 0.12%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                             | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    212000 | PA      | $193866.60    | 0.07%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NUFARM AUSTRALIA/AMERICA                       | Nufarm Australia Ltd / Nufarm Americas Inc                                       | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    175000 | PA      | $162347.89    | 0.06%             | 2030-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CLEAN HARBORS INC                              | Clean Harbors Inc                                                                | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173562.85    | 0.06%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                               | Boyd Gaming Corp                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396331.60    | 0.14%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                         | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    305000 | PA      | $308712.16    | 0.11%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    420000 | PA      | $391885.41    | 0.14%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KORN/FERRY INTERNATIONAL                       | Korn Ferry                                                                       | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167188.34    | 0.06%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                            | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    335000 | PA      | $343197.54    | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                                | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    133000 | PA      | $130936.93    | 0.05%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    613000 | PA      | $625147.41    | 0.22%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                           | Commercial Metals Co                                                             | CUSIP: 201723AR4<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $129654.62    | 0.05%             | 2032-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                           | Edison International                                                             | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    195000 | PA      | $186908.24    | 0.07%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                          | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303458.40    | 0.11%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| CASCADES INC/USA INC                           | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    185000 | PA      | $184567.10    | 0.06%             | 2030-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| CQP HOLDCO LP/BIP-V CHIN                       | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $228967.26    | 0.08%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    332000 | PA      | $293730.43    | 0.10%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    318000 | PA      | $300845.59    | 0.11%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    252000 | PA      | $255963.38    | 0.09%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| TERRAFORM POWER OPERATIN                       | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    287000 | PA      | $283135.43    | 0.10%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $821301.53    | 0.29%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    435000 | PA      | $433309.68    | 0.15%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATP TOW/ANDEAN TELECOM                         | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    150000 | PA      | $152156.40    | 0.05%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    410000 | PA      | $419554.31    | 0.15%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FIN LLC                       | Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp                     | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174818.05    | 0.06%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    369000 | PA      | $379381.45    | 0.13%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                            | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $173320.10    | 0.06%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    251000 | PA      | $267386.52    | 0.09%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    332000 | PA      | $339888.32    | 0.12%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                              | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172713.03    | 0.06%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                       | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    566000 | PA      | $552935.14    | 0.19%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    419000 | PA      | $404358.05    | 0.14%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                        | EnerSys                                                                          | CUSIP: 29275YAF9<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113041.94    | 0.04%             | 2032-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                               | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $207597.35    | 0.07%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181495.47    | 0.06%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    353000 | PA      | $356162.17    | 0.13%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    346000 | PA      | $357006.26    | 0.13%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    270000 | PA      | $278371.62    | 0.10%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125670.00    | 0.04%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    170000 | PA      | $160573.11    | 0.06%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                    | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    415000 | PA      | $422226.40    | 0.15%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                | Hillenbrand Inc                                                                  | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    115000 | PA      | $103138.22    | 0.04%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| SEAGATE DATA STORAGE TECHNOLOG                 | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    150000 | PA      | $159882.34    | 0.06%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| FAIR ISAAC CORP                                | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    565000 | PA      | $567653.00    | 0.20%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                             | Forestar Group Inc                                                               | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129014.55    | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87447.07     | 0.03%             | 2038-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                          | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1528000 | PA      | $1567109.16   | 0.55%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    186000 | PA      | $181503.79    | 0.06%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    320000 | PA      | $323236.48    | 0.11%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    195000 | PA      | $185556.81    | 0.07%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    465000 | PA      | $509857.12    | 0.18%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    315000 | PA      | $298057.79    | 0.10%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                                | Sealed Air Corp                                                                  | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    192000 | PA      | $205242.24    | 0.07%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAG2<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |     74000 | PA      | $51883.29     | 0.02%             | 2042-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                        | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    165000 | PA      | $157261.91    | 0.06%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                            | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    610000 | PA      | $590099.60    | 0.21%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| M/I HOMES INC                                  | M/I Homes Inc                                                                    | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    140000 | PA      | $129713.09    | 0.05%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $377577.61    | 0.13%             | 2081-06-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Steelcase Inc                                  | Steelcase Inc                                                                    | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |    189000 | PA      | $186162.09    | 0.07%             | 2029-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                        | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp         | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $184931.43    | 0.06%             | 2029-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    134000 | PA      | $128052.49    | 0.04%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187412.30    | 0.07%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    385000 | PA      | $351411.96    | 0.12%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                       | Encore Capital Group Inc                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    165000 | PA      | $174654.93    | 0.06%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    417000 | PA      | $399988.82    | 0.14%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                              | Xerox Corp                                                                       | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190211.06    | 0.07%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    624000 | PA      | $566195.39    | 0.20%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    603000 | PA      | $531980.73    | 0.19%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| API GROUP DE INC                               | APi Group DE Inc                                                                 | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    132000 | PA      | $127147.30    | 0.04%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    140000 | PA      | $144229.68    | 0.05%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    260000 | PA      | $245934.60    | 0.09%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    276000 | PA      | $280534.64    | 0.10%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    245000 | PA      | $253591.66    | 0.09%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $120768.75    | 0.04%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    500000 | PA      | $491365.91    | 0.17%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173827.80    | 0.06%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAK0<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $260792.48    | 0.09%             | 2028-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                    | Ashland Inc                                                                      | CUSIP: 044209AM6<br>LEI: 6O4MRU8C1MS0K34UQF79 | Long             | DBT              | CORP              | US        |    138000 | PA      | $142376.26    | 0.05%             | 2043-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175078.92    | 0.06%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                       | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61077.70     | 0.02%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    320000 | PA      | $327670.62    | 0.12%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    290000 | PA      | $270605.79    | 0.10%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                 | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    259000 | PA      | $242435.14    | 0.09%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                | MEG Energy Corp                                                                  | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    258000 | PA      | $258033.28    | 0.09%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    197000 | PA      | $193510.24    | 0.07%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAD7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117455.60    | 0.04%             | 2028-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237515.59    | 0.08%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     93000 | PA      | $101238.31    | 0.04%             | 2031-07-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101008.35    | 0.04%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     92000 | PA      | $94310.49     | 0.03%             | 2027-01-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $119468.81    | 0.04%             | 2030-07-27      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    395000 | PA      | $402693.81    | 0.14%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    174000 | PA      | $175236.63    | 0.06%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                       | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197946.74    | 0.07%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| CRESCENT ENERGY FINANCE                        | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173207.11    | 0.06%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    685000 | PA      | $742369.14    | 0.26%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $205453.80    | 0.07%             | 2032-04-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                                | Masterbrand Inc                                                                  | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    310000 | PA      | $315034.09    | 0.11%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| BIG RIVER STEEL/BRS FIN                        | Big River Steel LLC / BRS Finance Corp                                           | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $304960.32    | 0.11%             | 2029-01-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                       | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    302000 | PA      | $327277.98    | 0.11%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $122560.00    | 0.04%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                         | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224084.08    | 0.08%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KB HOME                                        | KB Home                                                                          | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    172000 | PA      | $157880.69    | 0.06%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    543000 | PA      | $558719.85    | 0.20%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181790.35    | 0.06%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                            | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1701000 | PA      | $1622201.35   | 0.57%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                            | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    335000 | PA      | $302432.74    | 0.11%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                          | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    440000 | PA      | $444129.40    | 0.16%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    945000 | PA      | $868494.37    | 0.31%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                        | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $300929.52    | 0.11%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    780000 | PA      | $786917.04    | 0.28%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| SUPERIOR PLUS/GEN PRTNR                        | Superior Plus LP / Superior General Partner Inc                                  | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    255000 | PA      | $243267.04    | 0.09%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL                               | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $173322.87    | 0.06%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    283000 | PA      | $282250.33    | 0.10%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| JEFFERSON CAPITAL HOLDIN                       | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $189947.53    | 0.07%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    217000 | PA      | $221905.72    | 0.08%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| AVANTOR FUNDING INC                            | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    316000 | PA      | $298020.45    | 0.10%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| XPO INC                                        | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    246000 | PA      | $255712.82    | 0.09%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| KB HOME                                        | KB Home                                                                          | CUSIP: 48666KAY5<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    148000 | PA      | $144627.75    | 0.05%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                        | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    165000 | PA      | $165133.16    | 0.06%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INGLES MARKETS INC                             | Ingles Markets Inc                                                               | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |    164000 | PA      | $152307.64    | 0.05%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| IQVIA Inc                                      | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    445000 | PA      | $442442.28    | 0.16%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    315000 | PA      | $327210.66    | 0.11%             | 2029-07-15      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    270000 | PA      | $265457.65    | 0.09%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    377000 | PA      | $364107.99    | 0.13%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307000 | PA      | $297573.57    | 0.10%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    870000 | PA      | $895090.80    | 0.31%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                            | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168582.69    | 0.06%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                       | Liberty Mutual Group Inc                                                         | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    150000 | PA      | $175217.18    | 0.06%             | 2037-03-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $781144.54    | 0.27%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    256000 | PA      | $252661.81    | 0.09%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    165000 | PA      | $161926.58    | 0.06%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                               | Knife River Corp                                                                 | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $197261.63    | 0.07%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                          | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    880000 | PA      | $906201.12    | 0.32%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                 | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    415000 | PA      | $408774.02    | 0.14%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1252079.89   | 0.44%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    795000 | PA      | $870459.21    | 0.31%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                   | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    380000 | PA      | $383816.69    | 0.13%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    574000 | PA      | $520537.20    | 0.18%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    261000 | PA      | $249255.00    | 0.09%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Crown Cork & Seal Co Inc                       | Crown Cork & Seal Co Inc                                                         | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165047.20    | 0.06%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                            | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231886.46    | 0.08%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    885000 | PA      | $910018.07    | 0.32%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                 | Constellium SE                                                                   | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    165000 | PA      | $167226.02    | 0.06%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    300000 | PA      | $300888.81    | 0.11%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                    | Avient Corp                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    305000 | PA      | $313286.85    | 0.11%             | 2030-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    511000 | PA      | $482347.31    | 0.17%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                       | Minerals Technologies Inc                                                        | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137820.20    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                        | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    463000 | PA      | $452447.26    | 0.16%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| METHANEX CORP                                  | Methanex Corp                                                                    | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    295000 | PA      | $293518.98    | 0.10%             | 2027-10-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| PRA GROUP INC                                  | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    154000 | PA      | $142279.86    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    105000 | PA      | $98441.29     | 0.03%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                       | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    210000 | PA      | $215250.00    | 0.08%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    302000 | PA      | $295398.43    | 0.10%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    343000 | PA      | $308030.19    | 0.11%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    209000 | PA      | $216847.11    | 0.08%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| DISCOVERY COMMUNICATIONS                       | Discovery Communications LLC                                                     | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    158000 | PA      | $152075.00    | 0.05%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                        | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    630000 | PA      | $554049.28    | 0.19%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    375000 | PA      | $377538.75    | 0.13%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112796.52    | 0.04%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                              | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    140000 | PA      | $148537.34    | 0.05%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    464000 | PA      | $432949.44    | 0.15%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                         | Group 1 Automotive Inc                                                           | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    305000 | PA      | $294072.16    | 0.10%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    257000 | PA      | $264645.37    | 0.09%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                        | CUSIP: 87927VAF5<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    165000 | PA      | $170658.51    | 0.06%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    265000 | PA      | $254451.12    | 0.09%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    218000 | PA      | $224538.04    | 0.08%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    235000 | PA      | $224615.87    | 0.08%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                      | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    790000 | PA      | $810109.45    | 0.28%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                  | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    410000 | PA      | $401262.94    | 0.14%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| PERRIGO FINANCE UNLIMITE                       | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    235000 | PA      | $237459.51    | 0.08%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $86988.27     | 0.03%             | 2031-04-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    506000 | PA      | $500498.87    | 0.18%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    281000 | PA      | $249714.78    | 0.09%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    154000 | PA      | $150305.43    | 0.05%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| AMSTED INDUSTRIES                              | Amsted Industries Inc                                                            | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    189000 | PA      | $181005.04    | 0.06%             | 2030-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                             | AMN Healthcare Inc                                                               | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    169000 | PA      | $155218.66    | 0.05%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $270113.77    | 0.09%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    210000 | PA      | $190424.19    | 0.07%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                               | Viper Energy Inc                                                                 | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129964.17    | 0.05%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    215000 | PA      | $218563.26    | 0.08%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                               | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    206000 | PA      | $210660.87    | 0.07%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                        | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    285000 | PA      | $271975.64    | 0.10%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                      | Esab Corp                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306527.40    | 0.11%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    487000 | PA      | $444257.81    | 0.16%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $350050.02    | 0.12%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                              | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    135000 | PA      | $132950.86    | 0.05%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                            | Amer Sports Co                                                                   | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    315000 | PA      | $327570.39    | 0.12%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234274.62    | 0.08%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |    143000 | PA      | $147466.75    | 0.05%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    235000 | PA      | $230408.97    | 0.08%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                     | Twilio Inc                                                                       | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    205000 | PA      | $190487.19    | 0.07%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares                            | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  41997824 | NS      | $42014622.77  | 14.76%            |  |  |  | No            |                  1 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    188000 | PA      | $184787.44    | 0.06%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214752.30    | 0.08%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181000 | PA      | $171741.07    | 0.06%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    313000 | PA      | $304882.39    | 0.11%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    375000 | PA      | $386733.75    | 0.14%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $641380.75    | 0.23%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                             | Crown Americas LLC                                                               | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242618.64    | 0.09%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    280000 | PA      | $294745.36    | 0.10%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    165000 | PA      | $169631.88    | 0.06%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    220000 | PA      | $218907.70    | 0.08%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    475000 | PA      | $499883.83    | 0.18%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    161000 | PA      | $173448.14    | 0.06%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                          | Prospect Capital Corp                                                            | CUSIP: 74348TAV4<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119836.49    | 0.04%             | 2026-11-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: —       |
| SENSATA TECH INC                               | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    142000 | PA      | $135880.27    | 0.05%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    197000 | PA      | $194979.88    | 0.07%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp                                                                     | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    264000 | PA      | $248201.71    | 0.09%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $206338.39    | 0.07%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $436267.45    | 0.15%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    380000 | PA      | $372148.44    | 0.13%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    530000 | PA      | $489136.31    | 0.17%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    310000 | PA      | $325772.18    | 0.11%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| STENA INTERNATIONAL SA                         | Stena International SA                                                           | CUSIP: 85858EAE3<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    170000 | PA      | $174722.97    | 0.06%             | 2031-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC                         | Trinity Industries Inc                                                           | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270690.20    | 0.10%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                       | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $337343.59    | 0.12%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FRST STU BID/FRST TRANS                        | First Student Bidco Inc / First Transit Parent Inc                               | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $249918.00    | 0.09%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| NORDSTROM INC                                  | Nordstrom Inc                                                                    | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    136000 | PA      | $117840.16    | 0.04%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                       | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    607000 | PA      | $618923.30    | 0.22%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    767000 | PA      | $791185.04    | 0.28%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    614000 | PA      | $610219.36    | 0.21%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fluor Corp                                     | Fluor Corp                                                                       | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |    235000 | PA      | $231220.75    | 0.08%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $340514.77    | 0.12%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                 | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    165000 | PA      | $154852.76    | 0.05%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                            | NuStar Logistics LP                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    228000 | PA      | $229154.52    | 0.08%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                              | CUSIP: 105340AP8<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    110000 | PA      | $103407.94    | 0.04%             | 2029-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              |  | US        |    300000 | PA      | $296769.51    | 0.10%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    225000 | PA      | $214428.62    | 0.08%             | 2029-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    178000 | PA      | $194520.54    | 0.07%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    303000 | PA      | $288641.71    | 0.10%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    605000 | PA      | $583549.08    | 0.20%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                       | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    235000 | PA      | $228047.62    | 0.08%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                               | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194828.85    | 0.07%             | 2054-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| OLIN CORP                                      | Olin Corp                                                                        | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    293000 | PA      | $289197.94    | 0.10%             | 2029-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    101000 | PA      | $89622.33     | 0.03%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                | RingCentral Inc                                                                  | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    148000 | PA      | $157246.15    | 0.06%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| SM ENERGY CO                                   | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    310000 | PA      | $310244.90    | 0.11%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $267918.25    | 0.09%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| VALARIS LTD                                    | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    451000 | PA      | $465833.50    | 0.16%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146107.51    | 0.05%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300183.30    | 0.11%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN                       | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    230000 | PA      | $239715.89    | 0.08%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                       | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    290000 | PA      | $178020.56    | 0.06%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    400000 | PA      | $410910.40    | 0.14%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $546678.84    | 0.19%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                        | EnerSys                                                                          | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    106000 | PA      | $104122.77    | 0.04%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                        | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    304000 | PA      | $311338.86    | 0.11%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| LIFE TIME INC                                  | Life Time Inc                                                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206512.85    | 0.07%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                           | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $237627.49    | 0.08%             | 2032-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECH                      | SEAGATE DATA STORAGE TECH                                                        | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    213000 | PA      | $239886.10    | 0.08%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |    298000 | PA      | $286660.09    | 0.10%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                    | Danaos Corp                                                                      | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |     80000 | PA      | $81571.68     | 0.03%             | 2028-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    485000 | PA      | $469968.15    | 0.17%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    415000 | PA      | $422378.29    | 0.15%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Olin Corp                                      | Olin Corp                                                                        | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    173000 | PA      | $165689.54    | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CRESCENT ENERGY FINANCE                        | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    408000 | PA      | $390323.11    | 0.14%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136617.67    | 0.05%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    262000 | PA      | $267160.09    | 0.09%             | 2032-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115193.20    | 0.04%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| OT MIDCO LTD                                   | OT Midco Ltd                                                                     | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $158921.10    | 0.06%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                 | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195700.76    | 0.07%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| SOUTH BOW CAN INFRA HOLD                       | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AH5<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    192000 | PA      | $199476.10    | 0.07%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                   | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217976.70    | 0.08%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TGS ASA                                        | TGS ASA                                                                          | CUSIP: 87243KAA7<br>LEI: 549300NUPLAXPB0WYH90 | Long             | DBT              | CORP              | NO        |    235000 | PA      | $239427.52    | 0.08%             | 2030-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                   | Navient Corp                                                                     | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    230000 | PA      | $207237.98    | 0.07%             | 2033-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| ASHTON WOODS USA/FINANCE                       | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79829.01     | 0.03%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $231836.35    | 0.08%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     95000 | PA      | $95947.60     | 0.03%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PERENTI FINANCE PTY LTD                        | Perenti Finance Pty Ltd                                                          | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |    120000 | PA      | $123998.40    | 0.04%             | 2029-04-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                       | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133595.50    | 0.05%             | 2027-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226484.33    | 0.08%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    975000 | PA      | $951156.55    | 0.33%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                   | SM Energy Co                                                                     | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100620.70    | 0.04%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164603.59    | 0.06%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                       | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    245000 | PA      | $247341.83    | 0.09%             | 2028-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| CUSHMAN & WAKEFIELD US                         | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    238000 | PA      | $239806.18    | 0.08%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    159000 | PA      | $135831.11    | 0.05%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    360000 | PA      | $358811.28    | 0.13%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| GETTY IMAGES INC                               | Getty Images Inc                                                                 | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    240000 | PA      | $229800.00    | 0.08%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: —       |
| ARSENAL AIC PARENT LLC                         | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $308462.33    | 0.11%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                            | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    316000 | PA      | $322731.24    | 0.11%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AQ0<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    211500 | PA      | $211657.14    | 0.07%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    392000 | PA      | $400292.76    | 0.14%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| OPEN TEXT INC                                  | Open Text Holdings Inc                                                           | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    273000 | PA      | $248443.95    | 0.09%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    445000 | PA      | $443199.26    | 0.16%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                   | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $192050.21    | 0.07%             | 2081-11-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    319000 | PA      | $323949.71    | 0.11%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    415000 | PA      | $433262.91    | 0.15%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                            | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    180000 | PA      | $171915.82    | 0.06%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| CNX MIDSTREAM PART LP                          | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $174761.93    | 0.06%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                  | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    210000 | PA      | $190410.74    | 0.07%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                            | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    307000 | PA      | $301851.30    | 0.11%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $419870.00    | 0.15%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216028.17    | 0.08%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                              | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    275000 | PA      | $267679.80    | 0.09%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    805000 | PA      | $766188.94    | 0.27%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWMARK GROUP INC                              | Newmark Group Inc                                                                | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $228187.76    | 0.08%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    354000 | PA      | $350861.79    | 0.12%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164481.98    | 0.06%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| CENTRAL GARDEN & PET CO                        | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    166000 | PA      | $153746.86    | 0.05%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    315000 | PA      | $321374.03    | 0.11%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                              | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    273000 | PA      | $271610.54    | 0.10%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                            | Silgan Holdings Inc                                                              | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    244000 | PA      | $237001.54    | 0.08%             | 2028-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264994.86    | 0.09%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    355000 | PA      | $361689.62    | 0.13%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| RYAN SPECIALTY GROUP                           | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    180000 | PA      | $172711.03    | 0.06%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| TEGNA INC                                      | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    454000 | PA      | $436401.01    | 0.15%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    258000 | PA      | $272911.63    | 0.10%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                  | TopBuild Corp                                                                    | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    205000 | PA      | $188932.65    | 0.07%             | 2032-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    315000 | PA      | $324002.41    | 0.11%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    325000 | PA      | $311119.71    | 0.11%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    220000 | PA      | $215093.99    | 0.08%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    158000 | PA      | $148914.40    | 0.05%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    434000 | PA      | $400026.87    | 0.14%             | 2031-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $302163.63    | 0.11%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DPL INC                                        | DPL Inc                                                                          | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $119950.66    | 0.04%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    213000 | PA      | $192333.27    | 0.07%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                            | Ithaca Energy North Sea PLC                                                      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |    315000 | PA      | $324736.97    | 0.11%             | 2029-10-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FRONTIER FLORIDA LLC                           | Frontier Florida LLC                                                             | CUSIP: 362333AH9<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114482.93    | 0.04%             | 2028-02-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: —       |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216432.99    | 0.08%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                  | Nordstrom Inc                                                                    | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88046.27     | 0.03%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    230000 | PA      | $226637.24    | 0.08%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    580000 | PA      | $522943.08    | 0.18%             | 2032-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320AZ9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91242.79     | 0.03%             | 2032-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    141000 | PA      | $136895.56    | 0.05%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190095.87    | 0.07%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| USA COM PART/USA COM FIN                       | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $339918.13    | 0.12%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    190000 | PA      | $194579.00    | 0.07%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                       | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $228785.92    | 0.08%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    584000 | PA      | $569756.01    | 0.20%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ZEBRA TECHNOLOGIES CORP                        | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    222000 | PA      | $227544.89    | 0.08%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    380000 | PA      | $380181.26    | 0.13%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| TRI POINTE HOMES INC                           | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $161647.36    | 0.06%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                       | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    285000 | PA      | $265009.59    | 0.09%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    292000 | PA      | $291550.03    | 0.10%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    169000 | PA      | $166310.16    | 0.06%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    270000 | PA      | $248489.91    | 0.09%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                        | Grand Canyon University                                                          | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $159245.20    | 0.06%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| SENSATA TECHNOLOGIES INC                       | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158378.38    | 0.06%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                       | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $351939.42    | 0.12%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    242000 | PA      | $240515.31    | 0.08%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                   | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316870.82    | 0.11%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ALLISON TRANSMISSION INC                       | Allison Transmission Inc                                                         | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    420000 | PA      | $383854.51    | 0.13%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| LGI HOMES INC                                  | LGI Homes Inc                                                                    | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    118000 | PA      | $107573.65    | 0.04%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    122400 | PA      | $121392.75    | 0.04%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                                | 180 Medical Inc                                                                  | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    215000 | PA      | $203552.07    | 0.07%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    191000 | PA      | $188972.44    | 0.07%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    192000 | PA      | $206312.06    | 0.07%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    240000 | PA      | $225753.60    | 0.08%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| GREYSTAR REAL ESTATE PAR                       | Greystar Real Estate Partners LLC                                                | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    180000 | PA      | $190295.10    | 0.07%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Co                        | Central Garden & Pet Co                                                          | CUSIP: 153527AM8<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88616.44     | 0.03%             | 2028-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| SEAGATE DATA STORAGE TECHNOLOG                 | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    154000 | PA      | $162642.84    | 0.06%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    235000 | PA      | $216531.06    | 0.08%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                       | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $164106.79    | 0.06%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                        | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    190000 | PA      | $193461.80    | 0.07%             | 2029-03-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    170000 | PA      | $158883.14    | 0.06%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174267.85    | 0.06%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| AES CORP/THE                                   | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    190000 | PA      | $183069.16    | 0.06%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156183.22    | 0.05%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    153000 | PA      | $161945.60    | 0.06%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $316461.65    | 0.11%             | 2030-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORP                         | Louisiana-Pacific Corp                                                           | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    170000 | PA      | $161497.93    | 0.06%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    365000 | PA      | $366118.36    | 0.13%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                    | Hologic Inc                                                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    260000 | PA      | $246209.70    | 0.09%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $237982.32    | 0.08%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200606.46    | 0.07%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    356000 | PA      | $360720.92    | 0.13%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                    | Hologic Inc                                                                      | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177318.92    | 0.06%             | 2028-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                               | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    152000 | PA      | $157847.21    | 0.06%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| SM Energy Co                                   | SM Energy Co                                                                     | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95212.71     | 0.03%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    360000 | PA      | $277588.57    | 0.10%             | 2081-06-04      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS                         | Mueller Water Products Inc                                                       | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    185000 | PA      | $176703.31    | 0.06%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $785387.06    | 0.28%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115712.33    | 0.04%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPO CNW Inc                                    | XPO CNW Inc                                                                      | CUSIP: 12612WAB0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |     88000 | PA      | $91520.00     | 0.03%             | 2034-05-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    332000 | PA      | $343822.85    | 0.12%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $173334.38    | 0.06%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                          | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $204972.60    | 0.07%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    415000 | PA      | $409297.61    | 0.14%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                         | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                   | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |    220000 | PA      | $218906.72    | 0.08%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| POPULAR INC                                    | Popular Inc                                                                      | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | PR        |    180000 | PA      | $188245.54    | 0.07%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    215000 | PA      | $208964.97    | 0.07%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                               | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    580000 | PA      | $536598.66    | 0.19%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    315000 | PA      | $302669.55    | 0.11%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| ARBOR REALTY SR INC                            | Arbor Realty SR Inc                                                              | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |     60000 | PA      | $61271.70     | 0.02%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    328000 | PA      | $314493.62    | 0.11%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461386.35    | 0.16%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1177000 | PA      | $1283611.48   | 0.45%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Amkor Technology Inc                           | Amkor Technology Inc                                                             | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    116000 | PA      | $115861.88    | 0.04%             | 2027-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    364000 | PA      | $377226.92    | 0.13%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                            | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    318000 | PA      | $302008.48    | 0.11%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                        | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    592000 | PA      | $581772.91    | 0.20%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Murphy Oil USA Inc                             | Murphy Oil USA Inc                                                               | CUSIP: 626738AD0<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    108000 | PA      | $107863.63    | 0.04%             | 2027-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    486000 | PA      | $484043.64    | 0.17%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                              | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160378.72    | 0.06%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    345000 | PA      | $353138.90    | 0.12%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| IQVIA INC                                      | IQVIA Inc                                                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221672.53    | 0.08%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                       | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    351000 | PA      | $341345.64    | 0.12%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| KB HOME                                        | KB Home                                                                          | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    144000 | PA      | $148247.42    | 0.05%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                           | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    267000 | PA      | $256777.40    | 0.09%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| MITER BRAND / MIWD BORR                        | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $316505.35    | 0.11%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                  | Synaptics Inc                                                                    | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    185000 | PA      | $174655.74    | 0.06%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $439619.68    | 0.15%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                           | BWX Technologies Inc                                                             | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    188000 | PA      | $180449.19    | 0.06%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ACADEMY LTD                                    | Academy Ltd                                                                      | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    185000 | PA      | $184608.80    | 0.06%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    548000 | PA      | $579998.82    | 0.20%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Brink's Co/The                                 | Brink's Co/The                                                                   | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    255000 | PA      | $251241.73    | 0.09%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    233000 | PA      | $225562.99    | 0.08%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360725.40    | 0.13%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $165089.93    | 0.06%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                   | SM Energy Co                                                                     | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    168000 | PA      | $167627.07    | 0.06%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                 | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    240000 | PA      | $249964.32    | 0.09%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    625000 | PA      | $417781.25    | 0.15%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DRESDNER FNDG TRUST I                          | Dresdner Funding Trust I                                                         | CUSIP: 26156FAA1<br>LEI: 549300ZEO4BKB37E3J03 | Long             | DBT              | CORP              | US        |    395000 | PA      | $435203.49    | 0.15%             | 2031-06-30      | Fixed         | 8.15%                 | No            |                  2 | On Loan: —       |
| SONIC AUTOMOTIVE INC                           | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    221000 | PA      | $208290.07    | 0.07%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    335000 | PA      | $342131.32    | 0.12%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    557000 | PA      | $570831.42    | 0.20%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    639000 | PA      | $625922.75    | 0.22%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    565000 | PA      | $578735.15    | 0.20%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| AECOM                                          | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191544.70    | 0.07%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    505000 | PA      | $466461.78    | 0.16%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    395000 | PA      | $407884.51    | 0.14%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    173000 | PA      | $167010.71    | 0.06%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    237000 | PA      | $236986.50    | 0.08%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                       | Brinker International Inc                                                        | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    130000 | PA      | $137900.36    | 0.05%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                            | Toledo Hospital/The                                                              | CUSIP: 889184AA5<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    130000 | PA      | $105306.50    | 0.04%             | 2045-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: —       |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                        | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $209679.60    | 0.07%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    803000 | PA      | $810250.29    | 0.28%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                        | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $141998.07    | 0.05%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    373000 | PA      | $382583.49    | 0.13%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                                 | Whirlpool Corp                                                                   | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    175000 | PA      | $130557.40    | 0.05%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129025.00    | 0.05%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    421000 | PA      | $415219.80    | 0.15%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    198000 | PA      | $222760.49    | 0.08%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                       | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    455000 | PA      | $444784.82    | 0.16%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    415000 | PA      | $418563.61    | 0.15%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| BRINK'S CO/THE                                 | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122940.00    | 0.04%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    367000 | PA      | $358840.49    | 0.13%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    408000 | PA      | $385850.13    | 0.14%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                            | Resideo Funding Inc                                                              | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202888.40    | 0.07%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| ROBLOX CORP                                    | ROBLOX Corp                                                                      | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $390622.61    | 0.14%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    290000 | PA      | $288869.78    | 0.10%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                       | Global Infrastructure Solutions Inc                                              | CUSIP: 37960XAA5<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149221.82    | 0.05%             | 2029-06-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $220291.01    | 0.08%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                       | Electricite de France SA                                                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    570000 | PA      | $653148.75    | 0.23%             | 2033-03-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    332000 | PA      | $341622.36    | 0.12%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                             | Kohl's Corp                                                                      | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166179.36    | 0.06%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                       | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1044738 | PA      | $1044371.82   | 0.37%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $169416.52    | 0.06%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                | Alumina Pty Ltd                                                                  | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    160000 | PA      | $162237.12    | 0.06%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                       | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    525000 | PA      | $540375.15    | 0.19%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    324000 | PA      | $311504.84    | 0.11%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                         | Helix Energy Solutions Group Inc                                                 | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146192.34    | 0.05%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                  | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173250.00    | 0.06%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| CARPENTER TECHNOLOGY                           | Carpenter Technology Corp                                                        | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    132000 | PA      | $132505.16    | 0.05%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                        | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $374311.31    | 0.13%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    409000 | PA      | $424970.22    | 0.15%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                             | AMN Healthcare Inc                                                               | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    216000 | PA      | $211199.09    | 0.07%             | 2027-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    349000 | PA      | $318034.70    | 0.11%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    280000 | PA      | $296091.38    | 0.10%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                            | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126260.48    | 0.04%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    222000 | PA      | $228227.10    | 0.08%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283484.89    | 0.10%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                      | Block Inc                                                                        | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    410000 | PA      | $375747.86    | 0.13%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    190000 | PA      | $184782.62    | 0.06%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Teleflex Inc                                   | Teleflex Inc                                                                     | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    193000 | PA      | $189836.88    | 0.07%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                             | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    253000 | PA      | $243476.93    | 0.09%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $625063.51    | 0.22%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    245000 | PA      | $239825.16    | 0.08%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| EMRLD BOR / EMRLD CO-ISS                       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205974.00    | 0.07%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| AMERICAN AIRLINES INC                          | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    321000 | PA      | $327552.74    | 0.12%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Buckeye Partners LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     90000 | PA      | $75898.81     | 0.03%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                          | Molina Healthcare Inc                                                            | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    325000 | PA      | $311049.75    | 0.11%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    355000 | PA      | $349041.96    | 0.12%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    390000 | PA      | $395736.51    | 0.14%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                | Rand Parent LLC                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    353000 | PA      | $354950.68    | 0.12%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| VIASAT INC                                     | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    257000 | PA      | $255758.55    | 0.09%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109579.53    | 0.04%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222984.18    | 0.08%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    225000 | PA      | $214798.82    | 0.08%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAN7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114687.04    | 0.04%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JAMES HARDIE INTL FIN                          | James Hardie International Finance DAC                                           | CUSIP: 47032FAB5<br>LEI: 635400G32A4Q1LVQ8M88 | Long             | DBT              | CORP              | IE        |     95000 | PA      | $94278.71     | 0.03%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    122000 | PA      | $122214.35    | 0.04%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    143000 | PA      | $134462.90    | 0.05%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| FMC CORP                                       | FMC Corp                                                                         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    310000 | PA      | $320487.92    | 0.11%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                 | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    209000 | PA      | $213333.20    | 0.07%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| NOBLE FINANCE II LLC                           | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    571000 | PA      | $582401.16    | 0.20%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                       | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89751.44     | 0.03%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                         | Standard Chartered PLC                                                           | CUSIP: 853254AB6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $335270.00    | 0.12%             | 2037-07-30      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    595000 | PA      | $556694.02    | 0.20%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                             | Kontoor Brands Inc                                                               | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    180000 | PA      | $167191.49    | 0.06%             | 2029-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                               | APi Group DE Inc                                                                 | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123503.00    | 0.04%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                       | Huntsman International LLC                                                       | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118806.41    | 0.04%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                             | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    270000 | PA      | $287415.00    | 0.10%             | 2029-07-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185632.98    | 0.07%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                        | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    232000 | PA      | $228709.48    | 0.08%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    386000 | PA      | $383909.93    | 0.13%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    468000 | PA      | $478330.16    | 0.17%             | 2029-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $146359.46    | 0.05%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                           | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    184000 | PA      | $180425.89    | 0.06%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 654740BT5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    230000 | PA      | $213207.76    | 0.07%             | 2028-03-09      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                         | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $314229.30    | 0.11%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                          | Topaz Solar Farms LLC                                                            | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225672 | PA      | $221711.46    | 0.08%             | 2039-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    305000 | PA      | $295605.57    | 0.10%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    299000 | PA      | $303432.97    | 0.11%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $518682.01    | 0.18%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212631.68    | 0.07%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                   | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    180000 | PA      | $177062.06    | 0.06%             | 2081-11-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                     | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $237768.40    | 0.08%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                       | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    375000 | PA      | $346414.13    | 0.12%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    490000 | PA      | $492419.96    | 0.17%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                | Murphy Oil Corp                                                                  | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $81702.68     | 0.03%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| STENA INTERNATIONAL SA                         | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    280000 | PA      | $284529.00    | 0.10%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                    | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    485000 | PA      | $482401.47    | 0.17%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    245000 | PA      | $252545.51    | 0.09%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    270000 | PA      | $276382.20    | 0.10%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| ENPRO INC                                      | Enpro Inc                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    195000 | PA      | $196730.82    | 0.07%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                        | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    201000 | PA      | $188889.97    | 0.07%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| SNF GROUP SACA                                 | SNF Group SACA                                                                   | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    145000 | PA      | $140037.69    | 0.05%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    323000 | PA      | $299627.98    | 0.11%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149340.87    | 0.05%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                          | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    280000 | PA      | $300375.04    | 0.11%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    210000 | PA      | $192706.71    | 0.07%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                       | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $178015.75    | 0.06%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                         | Brightstar Lottery PLC                                                           | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    220000 | PA      | $222241.27    | 0.08%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                       | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    304000 | PA      | $310431.73    | 0.11%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $233957.61    | 0.08%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $438148.17    | 0.15%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KBR INC                                        | KBR Inc                                                                          | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |    109000 | PA      | $105048.75    | 0.04%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAM6<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    185000 | PA      | $184303.64    | 0.06%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                           | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    140000 | PA      | $137913.26    | 0.05%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208061.08    | 0.07%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                        | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    597000 | PA      | $577209.51    | 0.20%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAM9<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |    118000 | PA      | $95523.28     | 0.03%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                            | Century Communities Inc                                                          | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155097.96    | 0.05%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    145000 | PA      | $143579.00    | 0.05%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                      | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    310000 | PA      | $309239.43    | 0.11%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                             | Murphy Oil USA Inc                                                               | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    223000 | PA      | $204813.79    | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                        | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    614000 | PA      | $572269.08    | 0.20%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    449000 | PA      | $401105.13    | 0.14%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                          | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $87097.87     | 0.03%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                           | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    137000 | PA      | $135811.91    | 0.05%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                         | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    390000 | PA      | $398790.99    | 0.14%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204AR9<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     85000 | PA      | $78326.51     | 0.03%             | 2033-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    132000 | PA      | $120594.34    | 0.04%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                | Yum! Brands Inc                                                                  | CUSIP: 988498AK7<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75282.26     | 0.03%             | 2043-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                           | Commercial Metals Co                                                             | CUSIP: 201723AQ6<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118656.69    | 0.04%             | 2030-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    258000 | PA      | $253612.76    | 0.09%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SPEEDWAY MOT/SPEEDWAY FD                       | Speedway Motorsports LLC / Speedway Funding II Inc                               | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $153281.22    | 0.05%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LTD                           | Seadrill Finance Ltd                                                             | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |    235000 | PA      | $240053.21    | 0.08%             | 2030-08-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    770000 | PA      | $783660.57    | 0.28%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    255000 | PA      | $254538.86    | 0.09%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                        | Darling Ingredients Inc                                                          | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    222000 | PA      | $221688.92    | 0.08%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                       | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60571.58     | 0.02%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                      | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    742000 | PA      | $761431.50    | 0.27%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    378000 | PA      | $382242.67    | 0.13%             | 2032-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                                | Thor Industries Inc                                                              | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    225000 | PA      | $211112.55    | 0.07%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| EXCELERATE ENERGY LP                           | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120387.98    | 0.04%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                            | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    366000 | PA      | $349852.43    | 0.12%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89406.37     | 0.03%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    178000 | PA      | $172545.22    | 0.06%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                   | Teleflex Inc                                                                     | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    227000 | PA      | $219833.91    | 0.08%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    392000 | PA      | $391053.67    | 0.14%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    205000 | PA      | $196341.23    | 0.07%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    105000 | PA      | $106071.21    | 0.04%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    385000 | PA      | $389392.85    | 0.14%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $207923.23    | 0.07%             | 2028-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    121000 | PA      | $118019.01    | 0.04%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    210000 | PA      | $203553.04    | 0.07%             | 2030-04-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| DIRECTV FINANCING LLC                          | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $316449.25    | 0.11%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    505000 | PA      | $504419.45    | 0.18%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                       | Installed Building Products Inc                                                  | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119667.36    | 0.04%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CRANE NXT CO                                   | Crane NXT Co                                                                     | CUSIP: 224399AT2<br>LEI: 549300EXNPSXEWUD3N21 | Long             | DBT              | CORP              | US        |    155000 | PA      | $90621.74     | 0.03%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| BAYTEX ENERGY CORP                             | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $284940.12    | 0.10%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $140609.00    | 0.05%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| GLOBAL ATLANTIC FIN CO                         | Global Atlantic Fin Co                                                           | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    227000 | PA      | $237216.14    | 0.08%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: —       |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    181000 | PA      | $168804.46    | 0.06%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| NEXSTAR MEDIA INC                              | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    425000 | PA      | $413075.95    | 0.15%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60228.55     | 0.02%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| United States Steel Corp                       | United States Steel Corp                                                         | CUSIP: 912909AD0<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |     87000 | PA      | $90908.56     | 0.03%             | 2037-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $193662.44    | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    210000 | PA      | $229705.77    | 0.08%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                              | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    672000 | PA      | $670695.78    | 0.24%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| KB Home                                        | KB Home                                                                          | CUSIP: 48666KAX7<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86832.18     | 0.03%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $263987.40    | 0.09%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    193000 | PA      | $194421.32    | 0.07%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    120000 | PA      | $117659.38    | 0.04%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                               | StoneX Group Inc                                                                 | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    205000 | PA      | $215361.93    | 0.08%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                           | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    158000 | PA      | $147453.53    | 0.05%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                    | Acushnet Co                                                                      | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    165000 | PA      | $171895.52    | 0.06%             | 2028-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                               | TriNet Group Inc                                                                 | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195518.74    | 0.07%             | 2031-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                          | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    467000 | PA      | $488086.08    | 0.17%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AR5<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    199000 | PA      | $203260.59    | 0.07%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                     | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $248102.53    | 0.09%             | 2055-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                           | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222114.69    | 0.08%             | 2030-08-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1089000 | PA      | $1038478.02   | 0.36%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                                    | TriMas Corp                                                                      | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    180000 | PA      | $172691.89    | 0.06%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                       | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    600000 | PA      | $615210.60    | 0.22%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131544.27    | 0.05%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    134000 | PA      | $128418.43    | 0.05%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP                                      | Sunoco LP                                                                        | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    291000 | PA      | $304966.55    | 0.11%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                 | SNF Group SACA                                                                   | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    155000 | PA      | $142337.03    | 0.05%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    836000 | PA      | $853022.63    | 0.30%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    145000 | PA      | $146423.65    | 0.05%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                              | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $776183.68    | 0.27%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                   | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    166000 | PA      | $170941.49    | 0.06%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    248000 | PA      | $246694.65    | 0.09%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| YUM! BRANDS INC                                | Yum! Brands Inc                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    338000 | PA      | $333139.09    | 0.12%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WEX INC                                        | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222822.16    | 0.08%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| H.B. FULLER CO                                 | HB Fuller Co                                                                     | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127577.71    | 0.04%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                              | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    214000 | PA      | $218505.13    | 0.08%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                       | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    172000 | PA      | $173097.02    | 0.06%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    312000 | PA      | $301887.49    | 0.11%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183112.17    | 0.06%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                    | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    245000 | PA      | $244867.48    | 0.09%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $545542.66    | 0.19%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    688000 | PA      | $628421.11    | 0.22%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $220785.74    | 0.08%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                           | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123826.92    | 0.04%             | 2030-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| Toledo Hospital/The                            | Toledo Hospital/The                                                              | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119275.00    | 0.04%             | 2048-11-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   1072000 | PA      | $1093020.85   | 0.38%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| SENSATA TECHNOLOGIES INC                       | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    314000 | PA      | $286492.16    | 0.10%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $202740.27    | 0.07%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                          | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    425000 | PA      | $444178.13    | 0.16%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    155000 | PA      | $145509.32    | 0.05%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   4070000 | NS      | $4070000.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT ACCEPTANC                               | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $227380.56    | 0.08%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    445000 | PA      | $460803.73    | 0.16%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    390000 | PA      | $413077.86    | 0.15%             | 2033-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186000 | PA      | $191598.79    | 0.07%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                 | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    371000 | PA      | $357091.01    | 0.13%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TransAlta Corp                                 | TransAlta Corp                                                                   | CUSIP: 89346DAE7<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $111524.90    | 0.04%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                             | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    118000 | PA      | $122511.61    | 0.04%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    315000 | PA      | $308147.77    | 0.11%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Whirlpool Corp                                 | Whirlpool Corp                                                                   | CUSIP: 963320AW6<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    255000 | PA      | $249076.86    | 0.09%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| PERRIGO FINANCE UNLIMITD                       | Perrigo Finance Unlimited Co                                                     | CUSIP: 714295AA0<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    145000 | PA      | $115971.64    | 0.04%             | 2044-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227445.62    | 0.08%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                        | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    454000 | PA      | $482452.18    | 0.17%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| ALUMINA PTY LTD                                | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    220000 | PA      | $222426.16    | 0.08%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                       | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $224318.75    | 0.08%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                   | Fibercop SpA                                                                     | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    205000 | PA      | $198581.45    | 0.07%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $385738.28    | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                              | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $265431.20    | 0.09%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    485000 | PA      | $523772.62    | 0.18%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORP                       | United States Steel Corp                                                         | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128769.41    | 0.05%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    331000 | PA      | $311877.67    | 0.11%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Buckeye Partners LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    185000 | PA      | $164474.42    | 0.06%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                       | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287577.90    | 0.10%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    285000 | PA      | $293625.53    | 0.10%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                         | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    395000 | PA      | $400259.82    | 0.14%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Assurant Inc                                   | Assurant Inc                                                                     | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173641.01    | 0.06%             | 2048-03-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| PRA GROUP INC                                  | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184131.31    | 0.06%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    780000 | PA      | $738277.26    | 0.26%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    368000 | PA      | $370761.47    | 0.13%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    292000 | PA      | $300890.23    | 0.11%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $266098.37    | 0.09%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    527000 | PA      | $544299.00    | 0.19%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $246404.61    | 0.09%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                    | AltaGas Ltd                                                                      | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |    355000 | PA      | $357720.37    | 0.13%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| RXO INC                                        | RXO Inc                                                                          | CUSIP: 98379JAA3<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152478.56    | 0.05%             | 2027-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    238000 | PA      | $238174.22    | 0.08%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| SEALED AIR/SEALED AIR US                       | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $207881.00    | 0.07%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                       | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $409719.06    | 0.14%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                | Gen Digital Inc                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    265000 | PA      | $273867.43    | 0.10%             | 2030-09-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| NORTHRIVER MIDSTREAM FIN                       | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    247000 | PA      | $251476.13    | 0.09%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    360000 | PA      | $380389.68    | 0.13%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                    | Ashland Inc                                                                      | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |    160000 | PA      | $140880.69    | 0.05%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| CASCADES INC/USA INC                           | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    190000 | PA      | $185783.48    | 0.07%             | 2028-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    364000 | PA      | $367345.52    | 0.13%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1069000 | PA      | $1094069.12   | 0.38%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                       | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    305000 | PA      | $297403.79    | 0.10%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                        | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    450000 | PA      | $464686.97    | 0.16%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331288.94    | 0.12%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $144578.20    | 0.05%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| TRINET GROUP INC                               | TriNet Group Inc                                                                 | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    165000 | PA      | $153467.56    | 0.05%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                   | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    390000 | PA      | $373085.62    | 0.13%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| LAMAR MEDIA CORP                               | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $171860.29    | 0.06%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                          | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |    340000 | PA      | $327538.49    | 0.12%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                              | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    180000 | PA      | $169642.84    | 0.06%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    593000 | PA      | $601310.90    | 0.21%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ADIENT GLOBAL HOLDINGS                         | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    223000 | PA      | $228266.12    | 0.08%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                     | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    255000 | PA      | $255397.16    | 0.09%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    270000 | PA      | $278727.75    | 0.10%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                             | PBF HOLDING CO LLC                                                               | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $327098.34    | 0.11%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                             | Forestar Group Inc                                                               | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215836.78    | 0.08%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                        | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    415000 | PA      | $394428.38    | 0.14%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                       | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    371000 | PA      | $370811.87    | 0.13%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    315000 | PA      | $332445.33    | 0.12%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $171667.08    | 0.06%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                  | Methanex Corp                                                                    | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $277334.74    | 0.10%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    270000 | PA      | $283202.73    | 0.10%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    149000 | PA      | $143037.14    | 0.05%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    181000 | PA      | $179620.83    | 0.06%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                               | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    180000 | PA      | $168664.73    | 0.06%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                               | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228306.82    | 0.08%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    232000 | PA      | $211324.18    | 0.07%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| LEVI STRAUSS & CO                              | Levi Strauss & Co                                                                | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    225000 | PA      | $205982.78    | 0.07%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    233000 | PA      | $222108.93    | 0.08%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                          | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    190000 | PA      | $190559.55    | 0.07%             | 2027-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| OI EUROPEAN GROUP BV                           | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    185000 | PA      | $175289.45    | 0.06%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| DREAM FINDERS HOMES INC                        | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113848.06    | 0.04%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| MURPHY OIL CORP                                | Murphy Oil Corp                                                                  | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    260000 | PA      | $249504.37    | 0.09%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| OUTFRONT MEDIA CAP LLC/C                       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $209993.40    | 0.07%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                         | Brightstar Lottery PLC                                                           | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $322520.64    | 0.11%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    332000 | PA      | $348779.28    | 0.12%             | 2029-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                        | Penske Automotive Group Inc                                                      | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208247.69    | 0.07%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                            | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $234125.24    | 0.08%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    151000 | PA      | $154342.08    | 0.05%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| ON SEMICONDUCTOR CORP                          | ON Semiconductor Corp                                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289905.18    | 0.10%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    240000 | PA      | $250120.40    | 0.09%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $216246.28    | 0.08%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                               | Vail Resorts Inc                                                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    245000 | PA      | $251797.80    | 0.09%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    255000 | PA      | $273421.50    | 0.10%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                             | Murphy Oil USA Inc                                                               | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    197000 | PA      | $192618.44    | 0.07%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    240000 | PA      | $245778.72    | 0.09%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243888.24    | 0.09%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASGN INCORPORATED                              | ASGN Inc                                                                         | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    230000 | PA      | $223922.72    | 0.08%             | 2028-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    355000 | PA      | $355963.12    | 0.13%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    583000 | PA      | $604204.88    | 0.21%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                    | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    490000 | PA      | $497296.14    | 0.17%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                       | ATS Corp                                                                         | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $156816.91    | 0.06%             | 2028-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    255000 | PA      | $254391.98    | 0.09%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |    185000 | PA      | $193754.20    | 0.07%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                                            | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182168.46    | 0.06%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| GLOBAL NET LEASE INC                           | Global Net Lease Inc                                                             | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              |  | US        |    218000 | PA      | $209687.62    | 0.07%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| HILLENBRAND INC                                | Hillenbrand Inc                                                                  | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146856.15    | 0.05%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Vodafone Group PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    774000 | PA      | $808824.58    | 0.28%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                        | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    336000 | PA      | $338147.71    | 0.12%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                    | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297219.47    | 0.10%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    595000 | PA      | $557455.92    | 0.20%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                       | Global Infrastructure Solutions Inc                                              | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118139.27    | 0.04%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                           | Matador Resources Co                                                             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    320000 | PA      | $317019.93    | 0.11%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $238255.69    | 0.08%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group Inc                                                      | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    160000 | PA      | $153667.38    | 0.05%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    610000 | PA      | $586478.64    | 0.21%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                          | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    239000 | PA      | $245228.10    | 0.09%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                                        | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    197000 | PA      | $203800.67    | 0.07%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    319000 | PA      | $286136.24    | 0.10%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                                 | William Carter Co/The                                                            | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193368.79    | 0.07%             | 2027-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| Iron Mountain Inc                              | Iron Mountain Inc                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    370000 | PA      | $367191.63    | 0.13%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    614000 | PA      | $607321.12    | 0.21%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                  | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211479.80    | 0.07%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                               | CUSIP: 92857WBV1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $145898.78    | 0.05%             | 2081-06-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                            | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    435000 | PA      | $444879.72    | 0.16%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                             | Baytex Energy Corp                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    266000 | PA      | $257238.86    | 0.09%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| M/I HOMES INC                                  | M/I Homes Inc                                                                    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158416.00    | 0.06%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd                                 | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    273000 | PA      | $270520.18    | 0.10%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    185000 | PA      | $137747.47    | 0.05%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| SHIFT4 PAYMENTS LLC/FIN                        | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $640456.90    | 0.22%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                       | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167956.79    | 0.06%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    299000 | PA      | $282445.90    | 0.10%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                  | Parkland Corp                                                                    | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    273000 | PA      | $263022.26    | 0.09%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| MATTAMY GROUP CORP                             | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $225449.48    | 0.08%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                               | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    372000 | PA      | $354328.68    | 0.12%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                       | Performance Food Group Inc                                                       | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    435000 | PA      | $434331.06    | 0.15%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                       | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    430000 | PA      | $432557.64    | 0.15%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380140.50    | 0.13%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154576.42    | 0.05%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                              | Clean Harbors Inc                                                                | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149489.96    | 0.05%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                               | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291013.34    | 0.10%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                               | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    338000 | PA      | $338148.59    | 0.12%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                   | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    316000 | PA      | $300300.33    | 0.11%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                        | Atlantica Sustainable Infrastructure Ltd                                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    155000 | PA      | $149681.28    | 0.05%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    325000 | PA      | $333777.93    | 0.12%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                           | Oceaneering International Inc                                                    | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160929.28    | 0.06%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | SUNOCO LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384864.38    | 0.14%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                 | HB Fuller Co                                                                     | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    145000 | PA      | $139843.25    | 0.05%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOISE CASCADE COMPANY                          | Boise Cascade Co                                                                 | CUSIP: 09739DAD2<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160068.22    | 0.06%             | 2030-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| SALLY HOLDINGS/SALLY CAP                       | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    256000 | PA      | $262741.25    | 0.09%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    185000 | PA      | $184658.84    | 0.06%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                       | Charles River Laboratories International Inc                                     | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    220000 | PA      | $207242.77    | 0.07%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    317000 | PA      | $309313.54    | 0.11%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                       | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    220000 | PA      | $221450.24    | 0.08%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                             | Crown Americas LLC                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275510.95    | 0.10%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                           | BWX Technologies Inc                                                             | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    158000 | PA      | $152909.59    | 0.05%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    205000 | PA      | $204977.32    | 0.07%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                 | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    514000 | PA      | $556844.47    | 0.20%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                  | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    370000 | PA      | $381877.52    | 0.13%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    305000 | PA      | $311314.64    | 0.11%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    549000 | PA      | $564550.91    | 0.20%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                               | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30165.00     | 0.01%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $240334.17    | 0.08%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177570.93    | 0.06%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    315000 | PA      | $308871.33    | 0.11%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                           | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    155000 | PA      | $159095.26    | 0.06%             | 2030-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    455000 | PA      | $462770.49    | 0.16%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                         | Match Group Holdings II LLC                                                      | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    210000 | PA      | $187905.77    | 0.07%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| BALL CORP                                      | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    467000 | PA      | $419501.57    | 0.15%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179902.80    | 0.06%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| WILTON RE LTD                                  | Wilton RE Ltd                                                                    | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $144560.36    | 0.05%             | 2030-10-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| CENTURY COMMUNITIES                            | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    213000 | PA      | $196352.69    | 0.07%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    310000 | PA      | $313487.81    | 0.11%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| RANGE RESOURCES CORP                           | Range Resources Corp                                                             | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    218000 | PA      | $211910.00    | 0.07%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| AVIENT CORP                                    | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    270000 | PA      | $270959.85    | 0.10%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |    205000 | PA      | $201212.94    | 0.07%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                            | NuStar Logistics LP                                                              | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236944.85    | 0.08%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                       | Turning Point Brands Inc                                                         | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136179.29    | 0.05%             | 2032-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| DANA INC                                       | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110061.05    | 0.04%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                       | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    875000 | PA      | $925147.13    | 0.32%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital/The                            | Toledo Hospital/The                                                              | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    149000 | PA      | $149065.50    | 0.05%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    420000 | PA      | $384472.18    | 0.14%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                    | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    320000 | PA      | $325595.20    | 0.11%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    524000 | PA      | $517486.84    | 0.18%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| GGAM FINANCE LTD                               | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    180000 | PA      | $179782.52    | 0.06%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                       | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    630000 | PA      | $647206.56    | 0.23%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                           | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    375000 | PA      | $394150.13    | 0.14%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142779.00    | 0.05%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                       | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    225000 | PA      | $238560.30    | 0.08%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                      | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253006.29    | 0.09%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                          | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    220000 | PA      | $231075.46    | 0.08%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227713.95    | 0.08%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190668.22    | 0.07%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| LAMB WESTON HLD                                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    297000 | PA      | $277505.25    | 0.10%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                         | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $269495.30    | 0.09%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SACA                                 | Vallourec SACA                                                                   | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    345000 | PA      | $365245.64    | 0.13%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    183000 | PA      | $192023.36    | 0.07%             | 2029-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325770.25    | 0.11%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    900000 | PA      | $930922.20    | 0.33%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                       | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $223332.97    | 0.08%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    635000 | PA      | $608270.18    | 0.21%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220157.01    | 0.08%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                              | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $297788.37    | 0.10%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                         | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    315000 | PA      | $328137.08    | 0.12%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp                                                              | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $187902.44    | 0.07%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ENERGEAN PLC                                   | Energean PLC                                                                     | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |    135000 | PA      | $132637.50    | 0.05%             | 2027-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70066.50     | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                 | TransAlta Corp                                                                   | CUSIP: 89346DAH0<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $192760.38    | 0.07%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    295000 | PA      | $272226.76    | 0.10%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                  | Nordstrom Inc                                                                    | CUSIP: 655664AH3<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123135.75    | 0.04%             | 2028-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAJ6<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |     80000 | PA      | $52948.18     | 0.02%             | 2043-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    153000 | PA      | $150451.33    | 0.05%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $266170.92    | 0.09%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    110000 | PA      | $97713.98     | 0.03%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                       | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214084.94    | 0.08%             | 2051-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                    | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    385000 | PA      | $390508.14    | 0.14%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    265000 | PA      | $255393.75    | 0.09%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                  | Ingevity Corp                                                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237899.27    | 0.08%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| EZCORP INC                                     | EZCORP Inc                                                                       | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    145000 | PA      | $151011.70    | 0.05%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $223856.42    | 0.08%             | 2031-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                     | Atkore Inc                                                                       | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    190000 | PA      | $175355.67    | 0.06%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| GLOBAL ATLANTIC                                | Global Atlantic Fin Co                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    220000 | PA      | $215351.69    | 0.08%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    175000 | PA      | $180001.33    | 0.06%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| PHINIA INC                                     | Phinia Inc                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203737.51    | 0.07%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                        | PTC Inc                                                                          | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219237.64    | 0.08%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                  | Open Text Holdings Inc                                                           | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    367000 | PA      | $343991.71    | 0.12%             | 2030-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320AY2<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    115000 | PA      | $96240.84     | 0.03%             | 2031-05-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                           | TTM Technologies Inc                                                             | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    210000 | PA      | $199881.42    | 0.07%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    395000 | PA      | $400925.00    | 0.14%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297336.97    | 0.10%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ENCORE CAPITAL GROUP INC                       | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    205000 | PA      | $215914.40    | 0.08%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                         | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    220000 | PA      | $228675.48    | 0.08%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    335000 | PA      | $318790.39    | 0.11%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187193.21    | 0.07%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    361000 | PA      | $330820.58    | 0.12%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    302000 | PA      | $302250.06    | 0.11%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    620000 | PA      | $640792.08    | 0.23%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $446715.36    | 0.16%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| SERVICE CORP INTL                              | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    284000 | PA      | $281417.50    | 0.10%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    218000 | PA      | $225685.15    | 0.08%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    420000 | PA      | $437398.43    | 0.15%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                         | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $257723.59    | 0.09%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| SOUTH BOW CAN INFRA HOLD                       | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $123934.28    | 0.04%             | 2055-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                          | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    335000 | PA      | $327444.95    | 0.12%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                        | CUSIP: 87927VAM0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    231000 | PA      | $229054.06    | 0.08%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                 | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    475000 | PA      | $476312.90    | 0.17%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                         | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $259827.20    | 0.09%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                       | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $260791.17    | 0.09%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                            | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $281578.35    | 0.10%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $271279.87    | 0.10%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| CHART INDUSTRIES INC                           | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    590000 | PA      | $618043.29    | 0.22%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    550000 | PA      | $556786.29    | 0.20%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BA3<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148153.65    | 0.05%             | 2033-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                                 | Whirlpool Corp                                                                   | CUSIP: 96332HCG2<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84307.99     | 0.03%             | 2043-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| SUNRISE FINCO I BV                             | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    497000 | PA      | $468472.20    | 0.16%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                     | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    267000 | PA      | $260611.22    | 0.09%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer