# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-012240
**Filing Date:** 2023-1
**Character Count:** 328060
**Document Hash:** abdf496dd2132669227dc422661dc7d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012240.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012240

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 23551396

**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 USD Bond Factor ETF (Series ID: S000073477)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000230412 | iShares USD Bond Factor ETF | USBF            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Collaterized Mortgage Obligations** |  |  |
| **Mortgage-Backed Securities — 1.1%** |  |  |
| Bank, Series 2017, Class A5, 3.44%, 09/15/60 | $40 | $36985 |
| COMM Mortgage Trust, 2.87%, 08/15/57 | 50 | 45217 |
| GS Mortgage Securities Trust, 2.91%, 02/13/53 (Call 01/13/30) | 75 | 64269 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C23, Class A4, 3.72%, 07/15/50 | 25 | 23684 |
| Wells Fargo Commercial Mortgage Trust, 3.79%, 12/15/49 | 10 | 9425 |
|  |  | 179580 |
| **Total Collaterized Mortgage Obligations — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $213,379)** |  | 179580 |
| **Corporate Bonds & Notes** |  |  |
| **Advertising — 0.0%** |  |  |
| Advantage Sales & Marketing Inc., 6.50%, 11/15/28 (Call 11/15/23)<sup>(a)</sup> | 3 | 2348 |
| Interpublic Group of Companies Inc. (The), 3.38%, 03/01/41 (Call 09/01/40) | 5 | 3543 |
|  |  | 5891 |
| **Aerospace & Defense — 0.9%** |  |  |
| Boeing Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;1.95%, 02/01/24 | 20 | 19242 |
| &nbsp;&nbsp;&nbsp;4.88%, 05/01/25 (Call 04/01/25) | 20 | 19815 |
| &nbsp;&nbsp;&nbsp;5.15%, 05/01/30 (Call 02/01/30) | 15 | 14634 |
| &nbsp;&nbsp;&nbsp;5.93%, 05/01/60 (Call 11/01/59) | 20 | 18563 |
| Bombardier Inc., 7.88%, 04/15/27 (Call 01/03/23)<sup>(a)</sup> | 3 | 2951 |
| General Dynamics Corp., 3.25%, 04/01/25 (Call 03/01/25) | 10 | 9721 |
| L3Harris Technologies Inc. 4.40%, 06/15/28 (Call 03/15/28) | 15 | 14499 |
| Northrop Grumman Corp., 4.75%, 06/01/43 | 5 | 4700 |
| Raytheon Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, 08/16/25 (Call 06/16/25) | 10 | 9834 |
| &nbsp;&nbsp;&nbsp;4.88%, 10/15/40 | 20 | 18880 |
| Rolls-Royce PLC, 5.75%, 10/15/27 (Call 07/15/27)<sup>(a)</sup> | 5 | 4757 |
| Spirit AeroSystems Inc., 7.50%, 04/15/25 (Call 01/03/23)<sup>(a)</sup> | 5 | 4946 |
| TransDigm Inc., 6.25%, 03/15/26 (Call 01/03/23)<sup>(a)</sup> | 5 | 4976 |
|  |  | 147518 |
| **Agriculture — 0.8%** |  |  |
| Altria Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.40%, 05/06/30 (Call 02/06/30) | 5 | 4295 |
| &nbsp;&nbsp;&nbsp;5.38%, 01/31/44 | 15 | 13069 |
| &nbsp;&nbsp;&nbsp;5.80%, 02/14/39 (Call 08/14/38) | 15 | 13906 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.22%, 08/15/24 (Call 06/15/24) | 20 | 19289 |
| &nbsp;&nbsp;&nbsp;3.56%, 08/15/27 (Call 05/15/27) | 15 | 13682 |
| &nbsp;&nbsp;&nbsp;4.91%, 04/02/30 (Call 01/02/30) | 5 | 4616 |
| Philip Morris International Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 11/10/24 | 10 | 9663 |
| &nbsp;&nbsp;&nbsp;3.38%, 08/15/29 (Call 05/15/29) | 5 | 4488 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/17/25 | 10 | 9993 |
| &nbsp;&nbsp;&nbsp;6.38%, 05/16/38 | 15 | 15572 |
| Reynolds American Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.45%, 06/12/25 (Call 03/12/25) | 10 | 9820 |
| &nbsp;&nbsp;&nbsp;5.70%, 08/15/35 (Call 02/15/35) | 5 | 4616 |
| &nbsp;&nbsp;&nbsp;5.85%, 08/15/45 (Call 02/15/45) | 15 | 13117 |
| Vector Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 02/01/29 (Call 02/01/24)<sup>(a)</sup> | 2 | 1737 |
| &nbsp;&nbsp;&nbsp;&nbsp;10.50%, 11/01/26 (Call 01/03/23)<sup>(a)</sup> | 2 | 2005 |
|  |  | 139868 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Airlines — 0.1%** |  |  |
| Air Canada, 3.88%, 08/15/26 (Call 02/15/26)<sup>(a)</sup> | $5 | $4575 |
| American Airlines Group Inc., 3.75%, 03/01/25<sup>(a)(b)</sup> | 3 | 2626 |
| American Airlines Inc., 11.75%, 07/15/25<sup>(a)</sup> | 3 | 3332 |
| Delta Air Lines Inc., 7.38%, 01/15/26 (Call 12/15/25)<sup>(b)</sup> | 5 | 5165 |
|  |  | 15698 |
| **Auto Manufacturers — 1.0%** |  |  |
| Allison Transmission Inc., 5.88%, 06/01/29 (Call 06/01/24)<sup>(a)</sup> | 2 | 1890 |
| Ford Motor Co., 5.29%, 12/08/46 (Call 06/08/46) | 2 | 1580 |
| General Motors Financial Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.05%, 03/08/24 | 10 | 9460 |
| &nbsp;&nbsp;&nbsp;2.90%, 02/26/25 (Call 01/26/25) | 20 | 18898 |
| &nbsp;&nbsp;&nbsp;6.05%, 10/10/25 | 30 | 30262 |
| Honda Motor Co. Ltd., 2.27%, 03/10/25 (Call 02/10/25) | 30 | 28482 |
| Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27 (Call 07/01/27)<sup>(a)(b)</sup> | 5 | 3820 |
| PACCAR Financial Corp., 4.95%, 10/03/25 | 15 | 15114 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.45%, 01/13/25 | 20 | 18775 |
| &nbsp;&nbsp;&nbsp;3.00%, 04/01/25 | 10 | 9637 |
| &nbsp;&nbsp;&nbsp;3.95%, 06/30/25 | 10 | 9828 |
| &nbsp;&nbsp;&nbsp;5.40%, 11/10/25 | 25 | 25422 |
|  |  | 173168 |
| **Auto Parts & Equipment — 0.1%** |  |  |
| Aptiv PLC/Aptiv Corp., 2.40%, 02/18/25 (Call 02/18/23) | 20 | 18811 |
| **Banks — 11.0%** |  |  |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.84%, 02/04/25 (Call 02/04/24), (1 day SOFR + 0.670%)<sup>(c)</sup> | 45 | 42975 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.37%, 01/23/26 (Call 01/23/25), (3 mo. LIBOR US + 0.810%)<sup>(c)</sup> | 20 | 19127 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.97%, 03/05/29 (Call 03/05/28), (3 mo. LIBOR US + 1.070%)<sup>(c)</sup> | 10 | 9289 |
| &nbsp;&nbsp;&nbsp;4.20%, 08/26/24 | 60 | 59159 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, (Call 06/20/24)<sup>(c)</sup> | 70 | 66143 |
| &nbsp;&nbsp;&nbsp;Series L, 3.95%, 04/21/25 | 10 | 9773 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 01/10/25 | 15 | 13984 |
| &nbsp;&nbsp;&nbsp;2.15%, 03/08/24 | 10 | 9663 |
| &nbsp;&nbsp;&nbsp;3.70%, 06/07/25 | 15 | 14616 |
| Bank of New York Mellon Corp., Series F, 4.63%, (Call 09/20/26)<sup>(c)</sup> | 20 | 17283 |
| Bank of New York Mellon Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;0.50%, 04/26/24 (Call 03/26/24) | 15 | 14139 |
| &nbsp;&nbsp;&nbsp;3.35%, 04/25/25 (Call 03/25/25) | 20 | 19382 |
| Bank of Nova Scotia (The) |  |  |
| &nbsp;&nbsp;&nbsp;0.65%, 07/31/24 | 20 | 18603 |
| &nbsp;&nbsp;&nbsp;3.45%, 04/11/25 | 40 | 38703 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;1.00%, 10/18/24 | 10 | 9305 |
| &nbsp;&nbsp;&nbsp;3.45%, 04/07/27 | 35 | 32967 |
| &nbsp;&nbsp;&nbsp;3.95%, 08/04/25 | 40 | 38911 |
| Citigroup Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.14%, 05/24/25 (Call 05/24/24), (1 day SOFR + 1.372%)<sup>(c)</sup> | 5 | 4907 |
| &nbsp;&nbsp;&nbsp;4.40%, 06/10/25 | 80 | 78678 |
| Fifth Third Bancorp., 4.77%, 07/28/30 (Call 07/28/29)<sup>(c)</sup> | 30 | 28452 |
| Goldman Sachs Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.76%, 01/24/25 (Call 01/24/24), (1 day SOFR + 0.730%)<sup>(c)</sup> | 100 | 95321 |
| &nbsp;&nbsp;&nbsp;3.00%, 03/15/24 | 20 | 19483 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.27%, 09/29/25 (Call 09/29/24), (3 mo. LIBOR US + 1.201%)<sup>(c)</sup> | 35 | 33695 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Banks (continued)** |  |  |
| (HSBC Holdings PLC, 0.98%, 05/24/25 (Call 05/24/24), 1 day SOFR + 0.708%)<sup>(c)</sup> | $200 | $183979 |
| Huntington Bancshares Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.49%, 08/15/36 (Call 08/15/31)<sup>(c)</sup> | 10 | 7241 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.44%, 08/04/28 (Call 08/04/27)<sup>(c)</sup> | 25 | 23741 |
| Intesa Sanpaolo SpA, 5.71%, 01/15/26<sup>(a)</sup> | 10 | 9661 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.95%, 02/04/32 (Call 02/04/31), (1 day SOFR + 1.065%)<sup>(c)</sup> | 45 | 35003 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.30%, 10/15/25 (Call 10/15/24), (1 day SOFR + 1.160%)<sup>(c)</sup> | 25 | 23593 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.85%, 06/14/25 (Call 06/14/24)<sup>(c)</sup> | 10 | 9819 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.02%, 12/05/24 (Call 12/05/23), (3 mo. LIBOR US + 1.000%)<sup>(c)</sup> | 110 | 108677 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series HH, 4.60%, (Call 02/01/25)<sup>(c)</sup> | 25 | 22188 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series II, 4.00%, (Call 04/01/25)<sup>(c)</sup> | 25 | 20771 |
| Mitsubishi UFJ Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.41%, 03/07/24 | 70 | 68550 |
| &nbsp;&nbsp;&nbsp;3.78%, 03/02/25 | 30 | 29245 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.16%, 10/21/25 (Call 10/21/24), (1 day SOFR + 0.560%)<sup>(c)</sup> | 120 | 109768 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.62%, 04/17/25 (Call 04/17/24), (1 day SOFR + 1.160%)<sup>(c)</sup> | 10 | 9746 |
| &nbsp;&nbsp;&nbsp;4.00%, 07/23/25 | 10 | 9795 |
| PNC Financial Services Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;2.20%, 11/01/24 (Call 10/02/24) | 10 | 9518 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.67%, 10/28/25 (Call 10/28/24)<sup>(c)</sup> | 35 | 35277 |
| Regions Financial Corp., 1.80%, 08/12/28 (Call 06/12/28) | 10 | 8509 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;2.25%, 11/01/24 | 20 | 19045 |
| &nbsp;&nbsp;&nbsp;3.38%, 04/14/25 | 20 | 19364 |
| Toronto-Dominion Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp;0.70%, 09/10/24 | 20 | 18559 |
| &nbsp;&nbsp;&nbsp;1.45%, 01/10/25 | 55 | 51181 |
| &nbsp;&nbsp;&nbsp;3.77%, 06/06/25 | 5 | 4865 |
| Truist Financial Corp., 4.00%, 05/01/25 (Call 03/01/25) | 50 | 49082 |
| U.S. Bancorp. |  |  |
| &nbsp;&nbsp;&nbsp;1.45%, 05/12/25 (Call 04/11/25) | 20 | 18567 |
| &nbsp;&nbsp;&nbsp;3.38%, 02/05/24 (Call 01/05/24) | 40 | 39362 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, (Call 04/15/27)<sup>(c)</sup> | 20 | 17092 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.41%, 10/30/25 (Call 10/30/24), (1 day SOFR + 1.087%)<sup>(c)</sup> | 100 | 94242 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.88%, 10/30/30 (Call 10/30/29), (3 mo. SOFR + 1.432%)<sup>(c)</sup> | 15 | 12900 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.20%, 06/17/27 (Call 06/17/26), (3 mo. LIBOR US + 1.170%)<sup>(c)</sup> | 20 | 18617 |
| &nbsp;&nbsp;&nbsp;3.75%, 01/24/24 (Call 12/22/23) | 40 | 39447 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, (Call 06/15/24)<sup>(c)</sup> | 25 | 22938 |
| Westpac Banking Corp., 1.02%, 11/18/24 | 10 | 9289 |
|  |  | 1854189 |
| **Beverages — 0.4%** |  |  |
| Anheuser-Busch Companies LLC/Anheuser-Busch InBev |  |  |
| &nbsp;&nbsp;&nbsp;Worldwide Inc., 4.70%, 02/01/36 (Call 08/01/35) | 15 | 14392 |
| Anheuser-Busch InBev Worldwide Inc., 8.20%, 01/15/39 | 5 | 6300 |
| Constellation Brands Inc., 3.60%, 05/09/24 | 10 | 9803 |
| Keurig Dr Pepper Inc., 4.42%, 05/25/25 (Call 03/25/25) | 6 | 6000 |
| PepsiCo Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.25%, 03/19/25 (Call 02/19/25) | 20 | 19077 |
| &nbsp;&nbsp;&nbsp;2.63%, 10/21/41 (Call 04/21/41) | 5 | 3786 |
|  |  | 59358 |
| **Biotechnology — 0.8%** |  |  |
| Amgen Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.13%, 05/01/25 (Call 02/01/25) | 10 | 9667 |
| &nbsp;&nbsp;&nbsp;4.40%, 05/01/45 (Call 11/01/44) | 10 | 8643 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Biotechnology (continued)** |  |  |
| Biogen Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.25%, 05/01/30 (Call 02/01/30) | $20 | $16499 |
| &nbsp;&nbsp;&nbsp;4.05%, 09/15/25 (Call 06/15/25) | 10 | 9748 |
| Bio-Rad Laboratories Inc., 3.70%, 03/15/32 (Call 12/15/31) | 5 | 4336 |
| Gilead Sciences Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70%, 04/01/24 (Call 01/01/24) | 10 | 9838 |
| &nbsp;&nbsp;&nbsp;4.80%, 04/01/44 (Call 10/01/43) | 25 | 23492 |
| Grifols Escrow Issuer SA, 4.75%, 10/15/28 (Call 10/15/24)<sup>(a)</sup> | 5 | 4202 |
| Regeneron Pharmaceuticals Inc., 1.75%, 09/15/30 (Call 06/15/30) | 20 | 15714 |
| Royalty Pharma PLC |  |  |
| &nbsp;&nbsp;&nbsp;1.20%, 09/02/25 (Call 08/02/25) | 35 | 31372 |
| &nbsp;&nbsp;&nbsp;3.35%, 09/02/51 (Call 03/02/51) | 10 | 6441 |
|  |  | 139952 |
| **Building Materials — 0.1%** |  |  |
| Builders FirstSource Inc., 6.38%, 06/15/32 (Call 06/15/27)<sup>(a)</sup> | 2 | 1848 |
| Carrier Global Corp., 2.24%, 02/15/25 (Call 01/15/25) | 7 | 6603 |
| Eagle Materials Inc., 2.50%, 07/01/31 (Call 04/01/31) | 20 | 15547 |
|  |  | 23998 |
| **Chemicals — 0.7%** |  |  |
| Celanese U.S. Holdings LLC, 5.90%, 07/05/24 | 10 | 9939 |
| Dow Chemical Co. (The), 5.55%, 11/30/48 (Call 05/30/48) | 10 | 9453 |
| DuPont de Nemours Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.49%, 11/15/25 (Call 09/15/25) | 15 | 14880 |
| &nbsp;&nbsp;&nbsp;5.32%, 11/15/38 (Call 05/15/38) | 10 | 9713 |
| EverArc Escrow Sarl, 5.00%, 10/30/29 (Call 10/30/24)<sup>(a)</sup> | 3 | 2400 |
| Huntsman International LLC, 4.50%, 05/01/29 (Call 02/01/29) | 15 | 13598 |
| LYB International Finance BV, 4.88%, 03/15/44 (Call 09/15/43) | 10 | 8406 |
| LYB International Finance III LLC, 1.25%, 10/01/25 (Call 09/01/25) | 20 | 17798 |
| LyondellBasell Industries NV, 4.63%, 02/26/55 (Call 08/26/54) | 10 | 7903 |
| Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 04/01/25 (Call 01/03/23)<sup>(a)</sup> | 3 | 2730 |
| Sherwin-Williams Co. (The), 4.05%, 08/08/24 | 20 | 19686 |
|  |  | 116506 |
| &nbsp;&nbsp;&nbsp;**Commercial Services — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;ADT Security Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/01/29 (Call 08/01/28)<sup>(a)</sup> | 5 | 4364 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 07/15/32<sup>(a)(b)</sup> | 2 | 1730 |
| Adtalem Global Education Inc., 5.50%, 03/01/28 (Call 03/01/24)<sup>(a)</sup> | 2 | 1860 |
| Block Financial LLC, 5.25%, 10/01/25 (Call 07/01/25) | 10 | 9953 |
| Deluxe Corp., 8.00%, 06/01/29 (Call 06/01/24)<sup>(a)</sup> | 3 | 2483 |
| Equifax Inc., 2.35%, 09/15/31 (Call 06/15/31) | 15 | 11613 |
| NESCO Holdings II Inc., 5.50%, 04/15/29 (Call 04/15/24)<sup>(a)</sup> | 3 | 2639 |
| Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 12/16/22)<sup>(a)</sup> | 3 | 2970 |
| Prime Security Services Borrower LLC/Prime Finance Inc., 5.75%, 04/15/26<sup>(a)</sup> | 5 | 4950 |
| Quanta Services Inc., 2.90%, 10/01/30 (Call 07/01/30) | 30 | 24937 |
| Sabre GLBL Inc., 7.38%, 09/01/25 (Call 01/03/23)<sup>(a)</sup> | 5 | 4763 |
| United Rentals North America Inc., 4.88%, 01/15/28 (Call 01/15/23) | 2 | 1918 |
| Verisk Analytics Inc., 4.00%, 06/15/25 (Call 03/15/25) | 15 | 14608 |
| ZipRecruiter Inc., 5.00%, 01/15/30 (Call 01/15/25)<sup>(a)</sup> | 2 | 1633 |
|  |  | 90421 |
| **Computers — 1.4%** |  |  |
| Apple Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.55%, 08/20/25 (Call 07/20/25) | 20 | 18066 |
| &nbsp;&nbsp;&nbsp;2.40%, 08/20/50 (Call 02/20/50) | 15 | 9949 |
| &nbsp;&nbsp;&nbsp;2.75%, 01/13/25 (Call 11/13/24) | 40 | 38688 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Computers (continued)** |  |  |
| CGI Inc., 1.45%, 09/14/26 (Call 08/14/26) | $10 | $8811 |
| Conduent Business Services LLC/Conduent State & Local Solutions Inc., 6.00%, 11/01/29 (Call 11/01/24)<sup>(a)</sup> | 3 | 2460 |
| Hewlett Packard Enterprise Co., 4.90%, 10/15/25 (Call 07/15/25) | 15 | 14983 |
| HP Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.40%, 06/17/30 (Call 03/17/30) | 15 | 12934 |
| &nbsp;&nbsp;&nbsp;6.00%, 09/15/41 | 10 | 9752 |
| International Business Machines Corp., 3.00%, 05/15/24 | 100 | 97506 |
| Leidos Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63%, 05/15/25 (Call 04/15/25) | 10 | 9638 |
| &nbsp;&nbsp;&nbsp;4.38%, 05/15/30 (Call 02/15/30) | 20 | 18243 |
|  |  | 241030 |
| **Cosmetics & Personal Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive Co., 3.10%, 08/15/25 | 15 | 14576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coty Inc., 5.00%, 04/15/26 (Call 04/15/23)<sup>(a)</sup> | 2 | 1918 |
|  |  | 16494 |
| **Diversified Financial Services — 2.2%** |  |  |
| Air Lease Corp., 3.38%, 07/01/25 (Call 06/01/25) | 10 | 9437 |
| Ally Financial Inc., 3.88%, 05/21/24 (Call 04/21/24) | 10 | 9729 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.25%, 03/04/25 (Call 02/01/25) | 60 | 56680 |
| &nbsp;&nbsp;&nbsp;3.38%, 05/03/24 | 30 | 29409 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.55%, (Call 09/15/26)<sup>(c)</sup> | 20 | 15900 |
| Ameriprise Financial Inc., 3.00%, 04/02/25 (Call 03/02/25) | 10 | 9603 |
| Brookfield Finance Inc., 4.00%, 04/01/24 (Call 02/01/24) | 35 | 34382 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 03/09/27 (Call 02/09/27) | 20 | 18858 |
| &nbsp;&nbsp;&nbsp;4.25%, 04/30/25 (Call 03/31/25) | 50 | 48964 |
| Charles Schwab Corp. (The), 3.63%, 04/01/25 (Call 01/01/25) | 10 | 9771 |
| Coinbase Global Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.38%, 10/01/28 (Call 10/01/24)<sup>(a)</sup> | 4 | 2338 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.63%, 10/01/31 (Call 10/01/26)<sup>(a)</sup> | 2 | 1080 |
| Discover Financial Services, 4.10%, 02/09/27 (Call 11/09/26) | 50 | 46979 |
| Enact Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)<sup>(a)</sup> | 3 | 2917 |
| goeasy Ltd., 5.38%, 12/01/24 (Call 01/03/23)<sup>(a)</sup> | 2 | 1895 |
| Mastercard Inc., 2.00%, 03/03/25 (Call 02/03/25) | 10 | 9499 |
| Nationstar Mortgage Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 12/15/30 (Call 12/15/25)<sup>(a)</sup> | 3 | 2339 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 11/15/31 (Call 11/15/26)<sup>(a)</sup> | 2 | 1599 |
| OneMain Finance Corp., 7.13%, 03/15/26 | 6 | 5813 |
| PennyMac Financial Services Inc., 5.75%, 09/15/31 (Call 09/15/26)<sup>(a)</sup> | 2 | 1599 |
| Radian Group Inc., 4.50%, 10/01/24 (Call 07/01/24) | 20 | 19004 |
| Raymond James Financial Inc., 4.95%, 07/15/46 | 15 | 13613 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc., 3.88%, 03/01/31 (Call 03/01/26)<sup>(a)</sup> | 5 | 3868 |
| Synchrony Financial, 4.25%, 08/15/24 (Call 05/15/24) | 10 | 9754 |
|  |  | 365030 |
| **Electric — 3.6%** |  |  |
| Avangrid Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.20%, 04/15/25 (Call 03/15/25) | 20 | 19108 |
| &nbsp;&nbsp;&nbsp;3.80%, 06/01/29 (Call 03/01/29) | 15 | 13725 |
| Berkshire Hathaway Energy Co., 4.05%, 04/15/25 (Call 03/15/25) | 10 | 9904 |
| Connecticut Light & Power Co. (The), 4.00%, 04/01/48 (Call 10/01/47) | 15 | 12677 |
| Consolidated Edison Co. of New York Inc., 3.60%, 06/15/61 (Call 12/15/60) | 20 | 14691 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Electric (continued)** |  |  |
| Dominion Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.35%, (Call 01/15/27)<sup>(c)</sup> | $15 | $12563 |
| &nbsp;&nbsp;&nbsp;Series A, 3.30%, 03/15/25 (Call 02/15/25) | 10 | 9614 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 4.65%, (Call 12/15/24)<sup>(c)</sup> | 20 | 17151 |
| DTE Electric Co., Series A, 1.90%, 04/01/28 (Call 02/01/28) | 10 | 8681 |
| DTE Energy Co., 4.22%, 11/01/24<sup>(d)</sup> | 30 | 29539 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp;2.85%, 03/15/32 (Call 12/15/31) | 20 | 17142 |
| &nbsp;&nbsp;&nbsp;3.20%, 08/15/49 (Call 02/15/49) | 20 | 14327 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.15%, 08/15/27 (Call 05/15/27) | 20 | 18549 |
| &nbsp;&nbsp;&nbsp;3.75%, 09/01/46 (Call 03/01/46) | 10 | 7462 |
| Edison International, 4.70%, 08/15/25 | 15 | 14666 |
| Emera U.S. Finance LP, 4.75%, 06/15/46 (Call 12/15/45) | 15 | 11880 |
| Enerflex Ltd., 9.00%, 10/15/27 | 2 | 1976 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;0.90%, 09/15/25 (Call 08/15/25) | 10 | 8914 |
| &nbsp;&nbsp;&nbsp;1.90%, 06/15/28 (Call 04/15/28) | 10 | 8476 |
| Entergy Louisiana LLC, 4.00%, 03/15/33 (Call 12/15/32) | 20 | 18189 |
| Evergy Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.45%, 09/15/24 (Call 08/15/24) | 20 | 18969 |
| &nbsp;&nbsp;&nbsp;2.90%, 09/15/29 (Call 06/15/29) | 15 | 12949 |
| Eversource Energy, Series Q, 0.80%, 08/15/25 (Call 07/15/25) | 20 | 17833 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, 06/15/25 (Call 03/15/25) | 15 | 14693 |
| &nbsp;&nbsp;&nbsp;4.05%, 04/15/30 (Call 01/15/30) | 30 | 28303 |
| FirstEnergy Corp., Series C, 3.40%, 03/01/50 (Call 09/01/49) | 3 | 1998 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.45%, 02/03/32 (Call 11/03/31) | 30 | 25171 |
| &nbsp;&nbsp;&nbsp;3.95%, 03/01/48 (Call 09/01/47) | 10 | 8392 |
| Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26) | 20 | 18624 |
| Kentucky Utilities Co., 3.30%, 06/01/50 (Call 12/01/49). | 10 | 7133 |
| National Rural Utilities Cooperative Finance Corp., 5.45%, 10/30/25 | 15 | 15220 |
| NextEra Energy Capital Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.26%, 09/01/24 | 10 | 9870 |
| &nbsp;&nbsp;&nbsp;4.45%, 06/20/25 | 25 | 24843 |
| NRG Energy Inc., 5.75%, 01/15/28 (Call 01/15/23) | 3 | 2873 |
| Oncor Electric Delivery Co. LLC, 3.10%, 09/15/49 (Call 03/15/49) | 10 | 7149 |
| Pacific Gas and Electric Co., 4.95%, 06/08/25 | 10 | 9814 |
| PG&E Corp., 5.00%, 07/01/28 (Call 07/01/23)<sup>(b)</sup> | 5 | 4613 |
| Public Service Co. of Colorado, 1.88%, 06/15/31 (Call 12/15/30) | 10 | 8010 |
| Public Service Enterprise Group Inc., 0.84%, 11/08/23 (Call 01/03/23) | 10 | 9591 |
| San Diego Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;Series VVV, 1.70%, 10/01/30 (Call 07/01/30) | 10 | 8018 |
| &nbsp;&nbsp;&nbsp;Series WWW, 2.95%, 08/15/51 (Call 02/15/51) | 10 | 6956 |
| Sempra Energy |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 06/15/27 (Call 03/15/27) | 10 | 9285 |
| &nbsp;&nbsp;&nbsp;3.40%, 02/01/28 (Call 11/01/27) | 15 | 13875 |
| &nbsp;&nbsp;&nbsp;Southern Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 07/01/26 (Call 04/01/26) | 10 | 9497 |
| &nbsp;&nbsp;&nbsp;4.40%, 07/01/46 (Call 01/01/46) | 20 | 16807 |
| &nbsp;&nbsp;&nbsp;Series 21-A, 0.60%, 02/26/24 (Call 01/26/24) | 10 | 9458 |
| Union Electric Co., 2.63%, 03/15/51 (Call 09/15/50) | 10 | 6312 |
| Vistra Operations Co. LLC, 5.63%, 02/15/27 (Call 12/12/22)<sup>(a)</sup> | 2 | 1935 |
| Wisconsin Public Service Corp., 5.35%, 11/10/25 | 10 | 10131 |
|  |  | 607556 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Electrical Components & Equipment — 0.0%** |  |  |
| Energizer Holdings Inc., 4.38%, 03/31/29 (Call 09/30/23)<sup>(a)</sup> | $5 | $4254 |
| **Electronics — 0.2%** |  |  |
| Honeywell International Inc., 1.35%, 06/01/25 (Call 05/01/25) | 20 | 18541 |
| TD SYNNEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.75%, 08/09/26 (Call 07/09/26) | 15 | 12809 |
| &nbsp;&nbsp;&nbsp;2.38%, 08/09/28 (Call 06/09/28) | 5 | 4095 |
|  |  | 35445 |
| **Energy - Alternate Sources — 0.0%** |  |  |
| Enviva Partners LP/Enviva Partners Finance Corp., 6.50%, 01/15/26 (Call 01/03/23)<sup>(a)</sup> | 5 | 4767 |
| **Engineering & Construction — 0.0%** |  |  |
| AECOM, 5.13%, 03/15/27 (Call 12/15/26) | 5 | 4864 |
| **Entertainment — 0.0%** |  |  |
| AMC Entertainment Holdings Inc., 7.50%, 02/15/29 (Call 02/15/25)<sup>(a)</sup> | 4 | 2279 |
| Live Nation Entertainment Inc., 6.50%, 05/15/27 (Call 05/15/23)<sup>(a)</sup> | 5 | 5010 |
|  |  | 7289 |
| **Environmental Control — 0.1%** |  |  |
| GFL Environmental Inc., 3.50%, 09/01/28 (Call 03/01/28)<sup>(a)</sup> | 5 | 4447 |
| Republic Services Inc., 3.95%, 05/15/28 (Call 02/15/28) | 5 | 4776 |
|  |  | 9223 |
| **Food — 1.0%** |  |  |
| B&G Foods Inc., 5.25%, 09/15/27 (Call 01/03/23) | 4 | 3218 |
| Campbell Soup Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, 03/15/25 (Call 01/15/25) | 10 | 9798 |
| &nbsp;&nbsp;&nbsp;4.15%, 03/15/28 (Call 12/15/27) | 20 | 19336 |
| Conagra Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.60%, 11/01/25 (Call 09/01/25) | 20 | 19802 |
| &nbsp;&nbsp;&nbsp;4.85%, 11/01/28 (Call 08/01/28) | 5 | 4883 |
| &nbsp;&nbsp;&nbsp;5.30%, 11/01/38 (Call 05/01/38) | 15 | 14279 |
| &nbsp;&nbsp;&nbsp;General Mills Inc., 4.00%, 04/17/25 (Call 02/17/25) | 10 | 9838 |
| Kraft Heinz Foods Co., 3.00%, 06/01/26 (Call 03/01/26) | 15 | 14120 |
| McCormick & Co. Inc./MD, 0.90%, 02/15/26 (Call 01/15/26) | 10 | 8789 |
| Sysco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 10/01/25 (Call 07/01/25) | 10 | 9692 |
| &nbsp;&nbsp;&nbsp;5.95%, 04/01/30 (Call 01/01/30) | 30 | 31370 |
| &nbsp;&nbsp;&nbsp;6.60%, 04/01/50 (Call 10/01/49) | 5 | 5578 |
| Tyson Foods Inc., 3.95%, 08/15/24 (Call 05/15/24) | 5 | 4912 |
| Walmart Inc., 3.90%, 09/09/25 | 15 | 14813 |
|  |  | 170428 |
| **Gas — 0.3%** |  |  |
| AmeriGas Partners LP/AmeriGas Finance Corp., 5.75%, 05/20/27 (Call 02/20/27) | 5 | 4770 |
| National Fuel Gas Co., 2.95%, 03/01/31 (Call 12/01/30) | 10 | 7929 |
| NiSource Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.95%, 08/15/25 (Call 07/15/25) | 20 | 18034 |
| &nbsp;&nbsp;&nbsp;4.38%, 05/15/47 (Call 11/15/46) | 20 | 16747 |
|  |  | 47480 |
| **Hand & Machine Tools — 0.1%** |  |  |
| Stanley Black & Decker Inc., 2.30%, 02/24/25 (Call 02/24/23) | 10 | 9494 |
| **Health Care - Products — 0.7%** |  |  |
| Abbott Laboratories, 2.95%, 03/15/25 (Call 12/15/24) | 5 | 4847 |
| Baxter International Inc., 1.32%, 11/29/24<sup>(b)</sup> | 10 | 9301 |
| DENTSPLY SIRONA Inc., 3.25%, 06/01/30 (Call 03/01/30) | 15 | 12432 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28) | 10 | 9655 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Health Care - Products (continued)** |  |  |
| PerkinElmer Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.25%, 09/15/31 (Call 06/15/31) | $5 | $3920 |
| &nbsp;&nbsp;&nbsp;3.30%, 09/15/29 (Call 06/15/29) | 15 | 13095 |
| Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30) | 25 | 19584 |
| Thermo Fisher Scientific Inc., 1.22%, 10/18/24 (Call 01/03/23) | 10 | 9357 |
| Zimmer Biomet Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.60%, 11/24/31 (Call 08/24/31) | 15 | 12231 |
| &nbsp;&nbsp;&nbsp;3.55%, 04/01/25 (Call 01/01/25) | 15 | 14499 |
|  |  | 108921 |
| **Health Care - Services — 1.1%** |  |  |
| Centene Corp., 4.63%, 12/15/29 (Call 12/15/24) | 30 | 27895 |
| DaVita Inc., 4.63%, 06/01/30 (Call 06/01/25)<sup>(a)</sup> | 4 | 3238 |
| Elevance Health Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.38%, 01/15/25 (Call 12/15/24) | 5 | 4765 |
| &nbsp;&nbsp;&nbsp;5.35%, 10/15/25 | 10 | 10140 |
| HCA Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/24 | 10 | 9960 |
| &nbsp;&nbsp;&nbsp;5.38%, 02/01/25 | 5 | 4992 |
| &nbsp;&nbsp;&nbsp;5.88%, 02/15/26 (Call 08/15/25) | 30 | 30244 |
| &nbsp;&nbsp;&nbsp;5.88%, 02/01/29 (Call 08/01/28) | 20 | 20135 |
| Humana Inc., 4.95%, 10/01/44 (Call 04/01/44) | 5 | 4632 |
| Laboratory Corp. of America Holdings, 3.60%, 02/01/25 (Call 11/01/24) | 40 | 38806 |
| UnitedHealth Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 07/15/25 | 10 | 9819 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/24 | 20 | 20111 |
|  |  | 184737 |
| **Holding Companies - Diversified — 0.9%** |  |  |
| Ares Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.15%, 07/15/26 (Call 06/15/26) | 10 | 8527 |
| &nbsp;&nbsp;&nbsp;3.88%, 01/15/26 (Call 12/15/25) | 30 | 27587 |
| &nbsp;&nbsp;&nbsp;4.20%, 06/10/24 (Call 05/10/24) | 25 | 24235 |
| Blackstone Private Credit Fund, 1.75%, 09/15/24 | 30 | 27840 |
| Blackstone Secured Lending Fund, 3.63%, 01/15/26 (Call 12/15/25) | 30 | 27926 |
| Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25) | 10 | 9219 |
| Golub Capital BDC Inc., 2.50%, 08/24/26 (Call 07/24/26) | 15 | 12848 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.25%, 05/15/27 (Call 11/15/26) | 5 | 4605 |
|  |  | 142787 |
| **Home Builders — 0.3%** |  |  |
| Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 02/15/30 (Call 02/15/25)<sup>(a)</sup> | 2 | 1576 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 09/15/27 (Call 01/03/23)<sup>(a)</sup> | 2 | 1780 |
| DR Horton Inc., 2.60%, 10/15/25 (Call 09/15/25) | 10 | 9328 |
| Lennar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75%, 05/30/25 (Call 02/28/25) | 5 | 4901 |
| &nbsp;&nbsp;&nbsp;4.75%, 11/29/27 (Call 05/29/27) | 20 | 19145 |
| NVR Inc., 3.00%, 05/15/30 (Call 11/15/29) | 20 | 16944 |
|  |  | 53674 |
| **Housewares — 0.0%** |  |  |
| Newell Brands Inc., 6.00%, 04/01/46 (Call 10/01/45) | 2 | 1540 |
| **Insurance — 1.1%** |  |  |
| American International Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, 06/30/25 (Call 05/30/25) | 13 | 12275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-9, 5.75%, 04/01/48 (Call 04/01/28), (3 mo. LIBOR US + 2.868%)<sup>(c)</sup> | 10 | 9390 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Insurance (continued)** |  |  |
| Brown & Brown Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.38%, 03/15/31 (Call 12/15/30) | $10 | $7691 |
| &nbsp;&nbsp;&nbsp;4.20%, 03/17/32 (Call 12/17/31) | 10 | 8757 |
| Corebridge Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.65%, 04/05/27 (Call 03/05/27)<sup>(a)</sup> | 10 | 9361 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.85%, 04/05/29 (Call 02/05/29)<sup>(a)</sup> | 20 | 18206 |
| Everest Reinsurance Holdings Inc., 3.50%, 10/15/50 (Call 04/15/50) | 15 | 10357 |
| &nbsp;&nbsp;&nbsp;Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.38%, 03/03/31 (Call 12/03/30) | 10 | 8090 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 08/16/32 (Call 05/16/32)<sup>(a)</sup> | 10 | 9398 |
| Fidelity National Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.45%, 03/15/31 (Call 12/15/30) | 10 | 7693 |
| &nbsp;&nbsp;&nbsp;3.40%, 06/15/30 (Call 03/15/30) | 10 | 8406 |
| First American Financial Corp., 2.40%, 08/15/31 (Call 05/15/31) | 5 | 3706 |
| Markel Corp., 3.45%, 05/07/52 (Call 11/07/51) | 10 | 6809 |
| Marsh & McLennan Companies Inc., 3.88%, 03/15/24 (Call 02/15/24) | 10 | 9864 |
| MetLife Inc., 3.60%, 04/10/24 | 10 | 9839 |
| Old Republic International Corp., 3.85%, 06/11/51 (Call 12/11/50) | 5 | 3508 |
| Prudential Financial Inc., 5.38%, 05/15/45 (Call 05/15/25), (3 mo. LIBOR US + 3.031%)<sup>(c)</sup> | 30 | 28128 |
| Willis North America Inc., 4.65%, 06/15/27 (Call 05/15/27) | 20 | 19424 |
|  |  | 190902 |
| **Internet — 0.4%** |  |  |
| Alphabet Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.05%, 08/15/50 (Call 02/15/50) | 30 | 18864 |
| &nbsp;&nbsp;&nbsp;2.25%, 08/15/60 (Call 02/15/60) | 10 | 6052 |
| &nbsp;&nbsp;&nbsp;Amazon.com Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.45%, 05/12/24 | 10 | 9439 |
| &nbsp;&nbsp;&nbsp;3.00%, 04/13/25 | 25 | 24219 |
| GrubHub Holdings Inc., 5.50%, 07/01/27 (Call 12/12/22)<sup>(a)</sup> | 2 | 1504 |
| TripAdvisor Inc., 7.00%, 07/15/25 (Call 12/12/22)<sup>(a)</sup> | 2 | 1975 |
| Uber Technologies Inc., 7.50%, 09/15/27 (Call 01/03/23)<sup>(a)</sup> | 5 | 5026 |
|  |  | 67079 |
| **Iron & Steel — 0.2%** |  |  |
| Cleveland-Cliffs Inc., 5.88%, 06/01/27 (Call 01/03/23) | 5 | 4733 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.13%, 05/01/27 (Call 01/03/23)<sup>(a)</sup> | 3 | 3037 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.50%, 05/01/30 (Call 05/01/25)<sup>(a)</sup> | 5 | 5100 |
| Nucor Corp., 3.95%, 05/23/25 | 10 | 9790 |
| U.S. Steel Corp., 6.88%, 03/01/29 (Call 03/01/24)<sup>(b)</sup> | 2 | 1951 |
|  |  | 24611 |
| **Leisure Time — 0.2%** |  |  |
| Brunswick Corp., 0.85%, 08/18/24 (Call 01/03/23) | 10 | 9183 |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.63%, 03/01/26 (Call 03/01/24)<sup>(a)</sup> | 5 | 4213 |
| &nbsp;&nbsp;&nbsp;&nbsp;10.50%, 02/01/26 (Call 08/01/23)<sup>(a)</sup> | 4 | 4048 |
| NCL Corp. Ltd., 5.88%, 02/15/27 (Call 02/15/24)<sup>(a)</sup> | 4 | 3561 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 08/31/26 (Call 02/28/26)<sup>(a)</sup> | 6 | 5205 |
| &nbsp;&nbsp;&nbsp;&nbsp;11.63%, 08/15/27 (Call 08/15/24)<sup>(a)</sup> | 2 | 2055 |
| Vista Outdoor Inc., 4.50%, 03/15/29 (Call 03/15/24)<sup>(a)</sup> | 2 | 1520 |
|  |  | 29785 |
| **Lodging — 0.3%** |  |  |
| Hyatt Hotels Corp., 5.63%, 04/23/25 (Call 03/23/25) | 10 | 9959 |
| Marriott International Inc./MD |  |  |
| &nbsp;&nbsp;&nbsp;Series EE, 5.75%, 05/01/25 (Call 04/01/25) | 10 | 10162 |
| &nbsp;&nbsp;&nbsp;Series FF, 4.63%, 06/15/30 (Call 03/15/30) | 20 | 18781 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Lodging (continued)** |  |  |
| Travel + Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 12/01/29 (Call 09/01/29)<sup>(a)</sup> | $2 | $1621 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 07/31/26 (Call 04/30/26)<sup>(a)</sup> | 3 | 2939 |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.50%, 03/01/25 (Call 12/01/24)<sup>(a)</sup> | 4 | 3840 |
|  |  | 47302 |
| **Machinery — 0.8%** |  |  |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;0.60%, 09/13/24 | 20 | 18617 |
| &nbsp;&nbsp;&nbsp;4.90%, 01/17/25 | 35 | 35113 |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.25%, 01/10/25<sup>(b)</sup> | 20 | 18695 |
| &nbsp;&nbsp;&nbsp;2.13%, 03/07/25 | 10 | 9491 |
| &nbsp;&nbsp;&nbsp;4.05%, 09/08/25 | 15 | 14831 |
| Otis Worldwide Corp., 2.06%, 04/05/25 (Call 03/05/25) | 10 | 9368 |
| Vertiv Group Corp., 4.13%, 11/15/28 (Call 11/15/24)<sup>(a)</sup> | 4 | 3440 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.20%, 06/15/25 (Call 05/15/25) | 10 | 9386 |
| &nbsp;&nbsp;&nbsp;4.95%, 09/15/28 (Call 06/15/28) | 20 | 19211 |
|  |  | 138152 |
| **Manufacturing — 0.4%** |  |  |
| 3M Co., 2.65%, 04/15/25 (Call 03/15/25) | 10 | 9581 |
| General Electric Co., 6.75%, 03/15/32 | 20 | 22695 |
| LSB Industries Inc., 6.25%, 10/15/28 (Call 10/15/24)<sup>(a)</sup> | 2 | 1868 |
| Parker-Hannifin Corp., 3.65%, 06/15/24 | 20 | 19550 |
| Teledyne Technologies Inc., 2.25%, 04/01/28 (Call 02/01/28) | 15 | 12933 |
|  |  | 66627 |
| **Media — 0.8%** |  |  |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/15/34 (Call 01/15/28)<sup>(a)</sup> | 6 | 4674 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 06/01/33 (Call 06/01/27)<sup>(a)</sup> | 2 | 1587 |
| &nbsp;&nbsp;&nbsp;Charter Communications Operating LLC/Charter |  |  |
| Communications Operating Capital, 4.91%, 07/23/25 (Call 04/23/25) | 25 | 24607 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.99%, 11/01/63 (Call 05/01/63) | 10 | 6326 |
| &nbsp;&nbsp;&nbsp;3.38%, 02/15/25 (Call 11/15/24) | 10 | 9732 |
| &nbsp;&nbsp;&nbsp;3.95%, 10/15/25 (Call 08/15/25) | 10 | 9829 |
| &nbsp;&nbsp;&nbsp;5.25%, 11/07/25 | 15 | 15256 |
| Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27 (Call 08/15/23)<sup>(a)</sup> | 4 | 3670 |
| Fox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.03%, 01/25/24 (Call 12/25/23) | 10 | 9867 |
| &nbsp;&nbsp;&nbsp;5.48%, 01/25/39 (Call 07/25/38) | 20 | 18418 |
| GCI LLC, 4.75%, 10/15/28 (Call 10/15/23)<sup>(a)</sup> | 2 | 1713 |
| UPC Broadband Finco BV, 4.88%, 07/15/31 (Call 07/15/26)<sup>(a)</sup> | 5 | 4276 |
| Walt Disney Co. (The), 3.35%, 03/24/25 | 20 | 19479 |
|  |  | 129434 |
| **Mining — 0.4%** |  |  |
| Arconic Corp., 6.13%, 02/15/28 (Call 02/15/23)<sup>(a)</sup> | 5 | 4695 |
| Eldorado Gold Corp., 6.25%, 09/01/29 (Call 09/01/24)<sup>(a)</sup> | 5 | 4082 |
| FMG Resources August 2006 Pty Ltd., 5.13%, 05/15/24 (Call 02/15/24)<sup>(a)</sup> | 3 | 2976 |
| Freeport-McMoRan Inc., 4.63%, 08/01/30 (Call 08/01/25) | 5 | 4567 |
| Hecla Mining Co., 7.25%, 02/15/28 (Call 02/15/23) | 3 | 2926 |
| Newmont Corp., 4.88%, 03/15/42 (Call 09/15/41) | 10 | 9134 |
| Southern Copper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.88%, 04/23/25 | 15 | 14598 |
| &nbsp;&nbsp;&nbsp;5.88%, 04/23/45 | 20 | 19925 |
|  |  | 62903 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Office & Business Equipment — 0.1%** |  |  |
| CDW LLC/CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.28%, 12/01/28 (Call 10/01/28) | $5 | $4231 |
| &nbsp;&nbsp;&nbsp;3.57%, 12/01/31 (Call 09/01/31) | 20 | 16501 |
|  |  | 20732 |
| **Oil & Gas — 1.6%** |  |  |
| Antero Resources Corp., 7.63%, 02/01/29 (Call 02/01/24)<sup>(a)</sup> | 4 | 4081 |
| BP Capital Markets PLC, 4.38%, (Call 06/22/25)<sup>(c)</sup> | 20 | 19025 |
| Canadian Natural Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.80%, 04/15/24 (Call 01/15/24) | 5 | 4918 |
| &nbsp;&nbsp;&nbsp;3.85%, 06/01/27 (Call 03/01/27) | 20 | 18959 |
| Chevron Corp., 1.55%, 05/11/25 (Call 04/11/25) | 5 | 4674 |
| Chevron USA Inc., 0.69%, 08/12/25 (Call 07/12/25) | 20 | 18121 |
| Civitas Resources Inc., 5.00%, 10/15/26 (Call 10/15/23)<sup>(a)</sup> | 2 | 1843 |
| ConocoPhillips Co., 2.13%, 03/08/24 (Call 01/03/23) | 10 | 9677 |
| Continental Resources Inc./OK, 4.38%, 01/15/28 (Call 10/15/27) | 25 | 22982 |
| Coterra Energy Inc., 3.90%, 05/15/27 (Call 02/15/27)<sup>(a)</sup> | 10 | 9436 |
| Earthstone Energy Holdings LLC, 8.00%, 04/15/27 (Call 04/15/24)<sup>(a)</sup> | 2 | 1926 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.68%, 10/01/25 (Call 10/04/23) | 15 | 14959 |
| &nbsp;&nbsp;&nbsp;6.13%, 02/01/25 (Call 01/01/25) | 3 | 3009 |
| Exxon Mobil Corp., 2.99%, 03/19/25 (Call 02/19/25) | 30 | 29055 |
| Gulfport Energy Operating Corp., 8.00%, 05/17/26 (Call 05/17/24)<sup>(a)</sup> | 1 | 997 |
| Marathon Petroleum Corp., 4.70%, 05/01/25 (Call 04/01/25) | 20 | 19829 |
| Matador Resources Co., 5.88%, 09/15/26 (Call 12/16/22) | 5 | 4952 |
| Occidental Petroleum Corp., 7.88%, 09/15/31 | 3 | 3285 |
| PBF Holding Co. LLC/PBF Finance Corp., 6.00%, 02/15/28 (Call 02/15/23)<sup>(b)</sup> | 4 | 3651 |
| Phillips 66 |  |  |
| &nbsp;&nbsp;&nbsp;0.90%, 02/15/24 (Call 01/03/23) | 10 | 9530 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 10/01/46 (Call 04/01/46)<sup>(a)</sup> | 5 | 4531 |
| &nbsp;&nbsp;&nbsp;Shell International Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 11/07/24 (Call 10/07/24) | 5 | 4770 |
| &nbsp;&nbsp;&nbsp;3.25%, 05/11/25 | 5 | 4858 |
| Sunoco LP/Sunoco Finance Corp., 6.00%, 04/15/27 (Call 01/03/23) | 3 | 2958 |
| Talos Production Inc., 12.00%, 01/15/26 (Call 01/15/23) | 3 | 3135 |
| TotalEnergies Capital International SA |  |  |
| &nbsp;&nbsp;&nbsp;2.43%, 01/10/25 (Call 10/10/24) | 15 | 14372 |
| &nbsp;&nbsp;&nbsp;3.75%, 04/10/24 | 5 | 4938 |
| Valero Energy Corp., 6.63%, 06/15/37 | 15 | 16158 |
|  |  | 260629 |
| **Oil & Gas Services — 0.1%** |  |  |
| Archrock Partners LP/Archrock Partners Finance Corp., 6.88%, 04/01/27 (Call 01/03/23)<sup>(a)</sup> | 3 | 2903 |
| USA Compression Partners LP/USA Compression |  |  |
| Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88%, 04/01/26 (Call 01/03/23) | 5 | 4787 |
| &nbsp;&nbsp;&nbsp;6.88%, 09/01/27 (Call 01/03/23) | 3 | 2864 |
| Weatherford International Ltd., 8.63%, 04/30/30 (Call 10/30/24)<sup>(a)</sup> | 3 | 2877 |
|  |  | 13431 |
| **Packaging & Containers — 0.2%** |  |  |
| Amcor Flexibles North America Inc., 2.69%, 05/25/31 (Call 02/25/31) | 15 | 12112 |
| Berry Global Inc., 0.95%, 02/15/24 (Call 01/15/24) | 10 | 9496 |
| Graham Packaging Co. Inc., 7.13%, 08/15/28 (Call 08/15/23)<sup>(a)</sup> | 2 | 1691 |
| WRKCo Inc., 3.75%, 03/15/25 (Call 01/15/25) | 15 | 14460 |
|  |  | 37759 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Pharmaceuticals — 2.6%** |  |  |
| AbbVie Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.60%, 11/21/24 (Call 10/21/24) | $10 | $9579 |
| &nbsp;&nbsp;&nbsp;3.60%, 05/14/25 (Call 02/14/25) | 10 | 9727 |
| &nbsp;&nbsp;&nbsp;3.80%, 03/15/25 (Call 12/15/24) | 30 | 29350 |
| &nbsp;&nbsp;&nbsp;4.25%, 11/14/28 (Call 08/14/28) | 10 | 9750 |
| &nbsp;&nbsp;&nbsp;4.70%, 05/14/45 (Call 11/14/44) | 15 | 13824 |
| AmerisourceBergen Corp., 2.70%, 03/15/31 (Call 12/15/30) | 20 | 16558 |
| AstraZeneca PLC |  |  |
| &nbsp;&nbsp;&nbsp;3.38%, 11/16/25 | 25 | 24220 |
| &nbsp;&nbsp;&nbsp;6.45%, 09/15/37 | 15 | 17089 |
| Becton Dickinson and Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.36%, 06/06/24 (Call 04/06/24) | 20 | 19534 |
| &nbsp;&nbsp;&nbsp;3.70%, 06/06/27 (Call 03/06/27) | 15 | 14328 |
| Bristol-Myers Squibb Co., 2.90%, 07/26/24 (Call 06/26/24) | 15 | 14589 |
| Cardinal Health Inc., 3.08%, 06/15/24 (Call 04/15/24) | 10 | 9700 |
| Cigna Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 04/15/25 (Call 01/15/25) | 10 | 9669 |
| &nbsp;&nbsp;&nbsp;3.50%, 06/15/24 (Call 03/17/24) | 10 | 9784 |
| &nbsp;&nbsp;&nbsp;4.38%, 10/15/28 (Call 07/15/28) | 25 | 24366 |
| &nbsp;&nbsp;&nbsp;4.80%, 07/15/46 (Call 01/16/46) | 15 | 13621 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.88%, 07/20/25 (Call 04/20/25) | 30 | 29481 |
| &nbsp;&nbsp;&nbsp;4.10%, 03/25/25 (Call 01/25/25) | 10 | 9900 |
| &nbsp;&nbsp;&nbsp;4.30%, 03/25/28 (Call 12/25/27) | 20 | 19442 |
| &nbsp;&nbsp;&nbsp;4.78%, 03/25/38 (Call 09/25/37) | 35 | 32347 |
| Elanco Animal Health Inc., 6.40%, 08/28/28 (Call 05/28/28) | 2 | 1847 |
| GlaxoSmithKline Capital Inc., 3.63%, 05/15/25 | 10 | 9804 |
| Johnson & Johnson, 2.25%, 09/01/50 (Call 03/01/50) | 30 | 19479 |
| Merck & Co. Inc., 2.75%, 02/10/25 (Call 11/10/24) | 10 | 9636 |
| Novartis Capital Corp., 3.00%, 11/20/25 (Call 08/20/25) | 15 | 14473 |
| Pfizer Inc., 0.80%, 05/28/25 (Call 04/28/25) | 10 | 9223 |
| Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26) | 15 | 14133 |
| Zoetis Inc., 5.40%, 11/14/25 (Call 10/14/25) | 15 | 15227 |
|  |  | 430680 |
| **Pipelines — 2.2%** |  |  |
| Antero Midstream Partners LP/Antero Midstream Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/01/27 (Call 12/16/22)<sup>(a)</sup> | 3 | 2865 |
| Boardwalk Pipelines LP, 3.60%, 09/01/32 (Call 06/01/32) | 10 | 8386 |
| Cheniere Corpus Christi Holdings LLC, 5.88%, 03/31/25 (Call 10/02/24) | 40 | 40189 |
| Columbia Pipeline Group Inc., 4.50%, 06/01/25 (Call 03/01/25) | 35 | 34469 |
| Crestwood Midstream Partners LP/Crestwood Midstream |  |  |
| Finance Corp., 8.00%, 04/01/29 (Call 04/01/24)<sup>(a)</sup> | 2 | 2015 |
| Enbridge Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 07/15/77 (Call 07/15/27), (3 mo. LIBOR US + 3.418%)<sup>(c)</sup> | 20 | 17538 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 03/01/78 (Call 03/01/28), (3 mo. LIBOR US + 3.641%)<sup>(c)</sup> | 10 | 9068 |
| Energy Transfer LP, 4.25%, 04/01/24 (Call 01/01/24) | 20 | 19601 |
| EnLink Midstream Partners LP, 4.15%, 06/01/25 (Call 03/01/25) | 5 | 4771 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.90%, 02/15/24 (Call 11/15/23) | 10 | 9833 |
| &nbsp;&nbsp;&nbsp;4.85%, 03/15/44 (Call 09/15/43) | 15 | 13393 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.25%, 08/16/77 (Call 08/16/27), (3 mo. LIBOR US + 3.033%)<sup>(c)</sup> | 20 | 16238 |
| Holly Energy Partners LP/Holly Energy Finance Corp., 5.00%, 02/01/28 (Call 02/01/23)<sup>(a)</sup> | 2 | 1822 |
| Kinder Morgan Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30%, 06/01/25 (Call 03/01/25) | 5 | 4926 |
| &nbsp;&nbsp;&nbsp;4.30%, 03/01/28 (Call 12/01/27) | 15 | 14503 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Pipelines (continued)** |  |  |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 04/15/38 (Call 10/15/37) | $25 | $21440 |
| &nbsp;&nbsp;&nbsp;4.88%, 12/01/24 (Call 09/01/24) | 10 | 9914 |
| New Fortress Energy Inc., 6.50%, 09/30/26 (Call 03/31/23)<sup>(a)</sup> | 4 | 3866 |
| ONEOK Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.10%, 03/15/30 (Call 12/15/29)<sup>(b)</sup> | 5 | 4229 |
| &nbsp;&nbsp;&nbsp;3.40%, 09/01/29 (Call 06/01/29) | 5 | 4354 |
| &nbsp;&nbsp;&nbsp;4.55%, 07/15/28 (Call 04/15/28) | 20 | 19010 |
| Plains All American Pipeline LP/PAA Finance Corp., 4.65%, 10/15/25 (Call 07/15/25) | 10 | 9846 |
| Sabine Pass Liquefaction LLC, 5.63%, 03/01/25 (Call 12/01/24) | 10 | 10025 |
| Spectra Energy Partners LP, 4.75%, 03/15/24 (Call 12/15/23) | 5 | 4972 |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.10%, 04/15/30 (Call 01/15/30) | 15 | 13998 |
| &nbsp;&nbsp;&nbsp;4.88%, 01/15/26 (Call 10/15/25) | 10 | 9937 |
| &nbsp;&nbsp;&nbsp;7.63%, 01/15/39 | 10 | 11654 |
| Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/26 (Call 11/01/25) | 15 | 16128 |
| Western Midstream Operating LP, 5.50%, 02/01/50 (Call 08/01/49) | 3 | 2445 |
| Williams Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 09/15/25 (Call 06/15/25) | 20 | 19499 |
| &nbsp;&nbsp;&nbsp;4.55%, 06/24/24 (Call 03/24/24) | 5 | 4948 |
| &nbsp;&nbsp;&nbsp;6.30%, 04/15/40 | 10 | 10365 |
|  |  | 376247 |
| **Real Estate — 0.0%** |  |  |
| Cushman & Wakefield U.S. Borrower, LLC, 6.75%, 05/15/28 (Call 05/15/23)<sup>(a)(b)</sup> | 3 | 2866 |
| WeWork Companies Inc., 7.88%, 05/01/25<sup>(a)</sup> | 3 | 1530 |
| WeWork Companies LLC/WW Co-Obligor Inc., 5.00%, 07/10/25 (Call 04/10/25)<sup>(a)</sup> | 2 | 882 |
|  |  | 5278 |
| **Real Estate Investment Trusts — 2.4%** |  |  |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 01/31/28 (Call 11/30/27) | 5 | 4130 |
| &nbsp;&nbsp;&nbsp;2.40%, 03/15/25 (Call 02/15/25) | 20 | 18819 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/24 | 20 | 19971 |
| Apollo Commercial Real Estate Finance Inc., 4.63%, 06/15/29 (Call 06/15/24)<sup>(a)</sup> | 2 | 1593 |
| AvalonBay Communities Inc., 3.50%, 11/15/25 (Call 08/15/25) | 15 | 14361 |
| Boston Properties LP, 3.20%, 01/15/25 (Call 10/15/24) | 15 | 14386 |
| Brixmor Operating Partnership LP, 3.85%, 02/01/25 (Call 11/01/24) | 10 | 9593 |
| Brookfield Property REIT Inc./BPR Cumulus LLC/BPR |  |  |
| Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26 (Call 12/12/22)<sup>(a)</sup> | 5 | 4807 |
| Crown Castle Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.80%, 02/15/28 (Call 11/15/27) | 5 | 4664 |
| &nbsp;&nbsp;&nbsp;4.45%, 02/15/26 (Call 11/15/25) | 10 | 9776 |
| CubeSmart LP, 2.25%, 12/15/28 (Call 10/15/28) | 10 | 8258 |
| Digital Realty Trust LP |  |  |
| &nbsp;&nbsp;&nbsp;3.60%, 07/01/29 (Call 04/01/29) | 10 | 9069 |
| &nbsp;&nbsp;&nbsp;3.70%, 08/15/27 (Call 05/15/27) | 5 | 4664 |
| Equinix Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.25%, 07/15/25 (Call 06/15/25) | 10 | 9032 |
| &nbsp;&nbsp;&nbsp;2.15%, 07/15/30 (Call 04/15/30) | 15 | 12017 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.20%, 11/18/29 (Call 08/18/29)<sup>(b)</sup> | 10 | 8768 |
| GLP Capital LP/GLP Financing II Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 06/01/25 (Call 03/01/25) | 15 | 14690 |
| &nbsp;&nbsp;&nbsp;5.30%, 01/15/29 (Call 10/15/28) | 20 | 18803 |
| Healthcare Realty Holdings LP, 2.00%, 03/15/31 (Call 12/15/30) | 30 | 22787 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Real Estate Investment Trusts (continued)** |  |  |
| Healthpeak Properties Inc., 4.00%, 06/01/25 (Call 03/01/25) | $20 | $19490 |
| Host Hotels & Resorts LP |  |  |
| &nbsp;&nbsp;&nbsp;Series E, 4.00%, 06/15/25 (Call 03/15/25) | 15 | 14360 |
| &nbsp;&nbsp;&nbsp;Series I, 3.50%, 09/15/30 (Call 06/15/30) | 15 | 12520 |
| Invitation Homes Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp;2.30%, 11/15/28 (Call 09/15/28) | 10 | 8272 |
| &nbsp;&nbsp;&nbsp;4.15%, 04/15/32 (Call 01/15/32) | 5 | 4383 |
| Iron Mountain Inc., 5.63%, 07/15/32 (Call 07/15/26)<sup>(a)</sup> | 2 | 1767 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK |  |  |
| Finance Co-Issuer, 5.88%, 10/01/28 (Call 10/01/23)<sup>(a)</sup> | 5 | 4630 |
| Realty Income Corp., 4.63%, 11/01/25 (Call 09/01/25) | 20 | 19908 |
| RLJ Lodging Trust LP, 4.00%, 09/15/29 (Call 09/15/24)<sup>(a)</sup> | 2 | 1676 |
| Service Properties Trust, 4.35%, 10/01/24 (Call 09/01/24) | 5 | 4666 |
| Simon Property Group LP |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 09/13/24 (Call 06/13/24) | 10 | 9472 |
| &nbsp;&nbsp;&nbsp;3.38%, 06/15/27 (Call 03/15/27) | 10 | 9380 |
| Sun Communities Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;2.70%, 07/15/31 (Call 04/15/31) | 10 | 7781 |
| &nbsp;&nbsp;&nbsp;4.20%, 04/15/32 (Call 01/15/32) | 10 | 8628 |
| Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC, 6.50%, 02/15/29 (Call 02/15/24)<sup>(a)</sup> | 3 | 2197 |
| VICI Properties LP, 4.75%, 02/15/28 (Call 01/15/28) | 30 | 28280 |
| Welltower Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/25 (Call 03/01/25) | 5 | 4880 |
| &nbsp;&nbsp;&nbsp;4.25%, 04/15/28 (Call 01/15/28) | 20 | 18925 |
| Weyerhaeuser Co., 4.00%, 11/15/29 (Call 08/15/29) | 10 | 9171 |
| WP Carey Inc., 2.40%, 02/01/31 (Call 11/01/30) | 10 | 7951 |
| XHR LP, 6.38%, 08/15/25 (Call 12/12/22)<sup>(a)</sup> | 2 | 1947 |
|  |  | 410472 |
| **Retail — 1.2%** |  |  |
| Arko Corp., 5.13%, 11/15/29 (Call 11/15/24)<sup>(a)</sup> | 2 | 1589 |
| Bath & Body Works Inc., 6.88%, 11/01/35 | 5 | 4525 |
| Carvana Co., 5.50%, 04/15/27 (Call 04/15/24)<sup>(a)(b)</sup> | 3 | 1077 |
| Dave & Buster's Inc., 7.63%, 11/01/25 (Call 01/03/23)<sup>(a)</sup> | 2 | 2010 |
| Dollar General Corp., 3.50%, 04/03/30 (Call 01/03/30) | 5 | 4539 |
| Dollar Tree Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/15/25 (Call 03/15/25) | 10 | 9798 |
| &nbsp;&nbsp;&nbsp;4.20%, 05/15/28 (Call 02/15/28) | 20 | 19102 |
| FirstCash Inc., 4.63%, 09/01/28 (Call 09/01/23)<sup>(a)</sup> | 4 | 3520 |
| Gap Inc. (The), 3.63%, 10/01/29 (Call 10/01/24)<sup>(a)</sup> | 2 | 1536 |
| Genuine Parts Co., 1.75%, 02/01/25 (Call 02/01/23) | 10 | 9332 |
| Home Depot Inc. (The), 2.70%, 04/15/25 (Call 03/15/25) | 10 | 9611 |
| Lowe's Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 04/15/25 (Call 03/15/25) | 10 | 9856 |
| &nbsp;&nbsp;&nbsp;4.50%, 04/15/30 (Call 01/15/30) | 5 | 4865 |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.30%, 07/01/25 (Call 06/01/25) | 10 | 9726 |
| &nbsp;&nbsp;&nbsp;4.88%, 12/09/45 (Call 06/09/45) | 5 | 4700 |
| O'Reilly Automotive Inc., 3.60%, 09/01/27 (Call 06/01/27) | 5 | 4752 |
| QVC Inc., 4.75%, 02/15/27 (Call 11/15/26) | 3 | 2252 |
| Ross Stores Inc., 4.60%, 04/15/25 (Call 03/15/25) | 25 | 24886 |
| Target Corp., 2.25%, 04/15/25 (Call 03/15/25) | 10 | 9510 |
| Walgreens Boots Alliance Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.45%, 06/01/26 (Call 03/01/26) | 15 | 14363 |
| &nbsp;&nbsp;&nbsp;3.80%, 11/18/24 (Call 08/18/24) | 20 | 19621 |
| &nbsp;&nbsp;&nbsp;4.80%, 11/18/44 (Call 05/18/44) | 10 | 8555 |
| Walmart Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, 09/22/41 (Call 03/22/41) | 20 | 14934 |
| &nbsp;&nbsp;&nbsp;3.55%, 06/26/25 (Call 04/26/25) | 10 | 9865 |
|  |  | 204524 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Semiconductors — 1.2%** |  |  |
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/27 (Call 10/15/26) | $10 | $9467 |
| Broadcom Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.15%, 11/15/25 (Call 10/15/25) | 10 | 9515 |
| &nbsp;&nbsp;&nbsp;4.15%, 11/15/30 (Call 08/15/30) | 15 | 13472 |
| &nbsp;&nbsp;&nbsp;4.75%, 04/15/29 (Call 01/15/29) | 10 | 9577 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/30 (Call 01/15/30) | 5 | 4789 |
| &nbsp;&nbsp;&nbsp;Intel Corp., 3.40%, 03/25/25 (Call 02/25/25) | 20 | 19517 |
| Marvell Technology Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.45%, 04/15/28 (Call 02/15/28) | 10 | 8485 |
| &nbsp;&nbsp;&nbsp;2.95%, 04/15/31 (Call 01/15/31) | 15 | 12257 |
| Microchip Technology Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.97%, 02/15/24. | 10 | 9462 |
| &nbsp;&nbsp;&nbsp;4.25%, 09/01/25 (Call 01/03/23) | 35 | 34047 |
| Micron Technology Inc., 4.66%, 02/15/30 (Call 11/15/29) | 15 | 13859 |
| NVIDIA Corp., 0.58%, 06/14/24 (Call 06/14/23) | 10 | 9401 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 (Call 09/01/28) | 10 | 10033 |
| Qorvo Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 12/15/24 (Call 12/15/22)<sup>(a)</sup> | 10 | 9164 |
| &nbsp;&nbsp;&nbsp;4.38%, 10/15/29 (Call 10/15/24) | 15 | 13311 |
| QUALCOMM Inc., 3.45%, 05/20/25 (Call 02/20/25) | 10 | 9769 |
| Skyworks Solutions Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.80%, 06/01/26 (Call 05/01/26) | 10 | 8732 |
| &nbsp;&nbsp;&nbsp;3.00%, 06/01/31 (Call 03/01/31) | 5 | 3914 |
|  |  | 208771 |
| **Shipbuilding — 0.1%** |  |  |
| Huntington Ingalls Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.04%, 08/16/28 (Call 06/16/28) | 15 | 12462 |
| &nbsp;&nbsp;&nbsp;3.84%, 05/01/25 (Call 04/01/25) | 10 | 9645 |
|  |  | 22107 |
| **Software — 1.8%** |  |  |
| Broadridge Financial Solutions Inc., 2.90%, 12/01/29 (Call 09/01/29) | 10 | 8534 |
| Fiserv Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75%, 07/01/24 (Call 06/01/24) | 5 | 4813 |
| &nbsp;&nbsp;&nbsp;3.20%, 07/01/26 (Call 05/01/26) | 10 | 9414 |
| &nbsp;&nbsp;&nbsp;3.50%, 07/01/29 (Call 04/01/29) | 5 | 4509 |
| &nbsp;&nbsp;&nbsp;3.85%, 06/01/25 (Call 03/01/25) | 25 | 24265 |
| &nbsp;&nbsp;&nbsp;4.20%, 10/01/28 (Call 07/01/28) | 15 | 14315 |
| Microsoft Corp., 2.70%, 02/12/25 (Call 11/12/24). | 30 | 29072 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, 04/01/25 (Call 03/01/25) | 30 | 28376 |
| &nbsp;&nbsp;&nbsp;2.95%, 11/15/24 (Call 09/15/24) | 30 | 28866 |
| &nbsp;&nbsp;&nbsp;2.95%, 04/01/30 (Call 01/01/30) | 20 | 17164 |
| &nbsp;&nbsp;&nbsp;4.30%, 07/08/34 (Call 01/08/34) | 20 | 17717 |
| &nbsp;&nbsp;&nbsp;5.38%, 07/15/40. | 15 | 13859 |
| Rackspace Technology Global Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 02/15/28 (Call 02/15/24)<sup>(a)</sup> | 3 | 2056 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 12/01/28 (Call 12/01/23)<sup>(a)</sup> | 2 | 912 |
| Roper Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.00%, 09/15/25 (Call 08/15/25) | 10 | 8995 |
| &nbsp;&nbsp;&nbsp;4.20%, 09/15/28 (Call 06/15/28) | 15 | 14482 |
| Take-Two Interactive Software Inc., 3.55%, 04/14/25 | 35 | 33750 |
| VMware Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.90%, 08/21/27 (Call 05/21/27) | 20 | 18820 |
| &nbsp;&nbsp;&nbsp;4.50%, 05/15/25 (Call 04/15/25) | 15 | 14844 |
|  |  | 294763 |
| **Telecommunications — 1.8%** |  |  |
| AT&T Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.90%, 03/25/24 (Call 12/12/22) | 10 | 9493 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Telecommunications (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 03/01/27 (Call 12/01/26) | $15 | $14726 |
| &nbsp;&nbsp;&nbsp;4.35%, 03/01/29 (Call 12/01/28) | 5 | 4798 |
| &nbsp;&nbsp;&nbsp;4.85%, 03/01/39 (Call 09/01/38) | 20 | 18326 |
| &nbsp;&nbsp;&nbsp;5.15%, 02/15/50 (Call 08/14/49) | 10 | 9197 |
| &nbsp;&nbsp;&nbsp;5.65%, 02/15/47 (Call 08/15/46) | 10 | 9958 |
| CommScope Inc., 8.25%, 03/01/27 (Call 01/03/23)<sup>(a)</sup> | 3 | 2575 |
| Deutsche Telekom International Finance BV, 8.75%, 06/15/30 | 15 | 17874 |
| Embarq Corp., 8.00%, 06/01/36 | 6 | 2549 |
| Frontier Communications Holdings LLC, 5.00%, 05/01/28 (Call 05/01/24)<sup>(a)</sup> | 5 | 4450 |
| Hughes Satellite Systems Corp., 6.63%, 08/01/26 | 5 | 4648 |
| Lumen Technologies Inc., 5.38%, 06/15/29 (Call 06/15/24)<sup>(a)</sup> | 2 | 1413 |
| Motorola Solutions Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.30%, 11/15/30 (Call 08/15/30) | 5 | 3943 |
| &nbsp;&nbsp;&nbsp;4.60%, 05/23/29 (Call 02/23/29) | 20 | 19030 |
| &nbsp;&nbsp;&nbsp;7.50%, 05/15/25. | 10 | 10346 |
| Orange SA, 9.00%, 03/01/31 | 15 | 18563 |
| Sprint Capital Corp., 8.75%, 03/15/32 | 2 | 2391 |
| Sprint LLC, 7.63%, 02/15/25 (Call 11/15/24) | 3 | 3108 |
| T-Mobile USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.55%, 02/15/31 (Call 11/15/30) | 20 | 16583 |
| &nbsp;&nbsp;&nbsp;3.50%, 04/15/25 (Call 03/15/25) | 6 | 5809 |
| &nbsp;&nbsp;&nbsp;3.75%, 04/15/27 (Call 02/15/27) | 25 | 23681 |
| &nbsp;&nbsp;&nbsp;3.88%, 04/15/30 (Call 01/15/30) | 10 | 9184 |
| &nbsp;&nbsp;&nbsp;4.38%, 04/15/40 (Call 10/15/39) | 10 | 8698 |
| Verizon Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.75%, 03/22/24 | 10 | 9507 |
| &nbsp;&nbsp;&nbsp;0.85%, 11/20/25 (Call 10/20/25) | 10 | 8974 |
| &nbsp;&nbsp;&nbsp;5.25%, 03/16/37 | 25 | 24862 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;4.13%, 05/30/25 | 10 | 9871 |
| &nbsp;&nbsp;&nbsp;6.15%, 02/27/37 | 25 | 25407 |
|  |  | 299964 |
| **Toys, Games & Hobbies — 0.2%** |  |  |
| Hasbro Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 11/19/24 (Call 10/19/24) | 25 | 23921 |
| &nbsp;&nbsp;&nbsp;3.90%, 11/19/29 (Call 08/19/29) | 15 | 13528 |
|  |  | 37449 |
| **Transportation — 0.5%** |  |  |
| Burlington Northern Santa Fe LLC, 3.75%, 04/01/24 (Call 01/01/24) | 10 | 9868 |
| Canadian Pacific Railway Co., 1.35%, 12/02/24 (Call 01/03/23) | 20 | 18624 |
| Ryder System Inc., 3.65%, 03/18/24 (Call 02/18/24) | 10 | 9790 |
| Union Pacific Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 07/15/25 (Call 05/15/25) | 10 | 9829 |
| &nbsp;&nbsp;&nbsp;3.75%, 02/05/70 (Call 08/05/69) | 15 | 11158 |
| &nbsp;&nbsp;&nbsp;United Parcel Service Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.90%, 04/01/25 (Call 03/01/25) | 10 | 9867 |
| &nbsp;&nbsp;&nbsp;6.20%, 01/15/38 | 10 | 11298 |
|  |  | 80434 |
| **Total Corporate Bonds & Notes — 49.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $8,469,097)** |  | 8260426 |
| **U.S Government & Agency Obligations** |  |  |
| **Mortgage-Backed Securities — 26.6%** |  |  |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.50%, 12/15/37<sup>(e)</sup> | 42 | 37137 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.00%, 12/15/37<sup>(e)</sup> | 208 | 186761 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *<br> Par <br> (000)* | *Value* |
| **Mortgage-Backed Securities (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 12/16/35<sup>(e)</sup> | $125 | $115488 |
| Freddie Mac Multifamily Structured Pass Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;Series K043, Class A2, 3.06%, 12/25/24 (Call 01/25/25) | 50 | 48364 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K081, Class A2, 3.90%, 08/25/28 (Call 12/25/28)<sup>(c)</sup> | 30 | 29313 |
| &nbsp;&nbsp;&nbsp;Series K108, Class A2, 1.52%, 03/25/30 (Call 03/25/30) | 16 | 13204 |
| &nbsp;&nbsp;&nbsp;Series K123, Class A2, 1.62%, 12/25/30 | 47 | 37956 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.00%, 12/20/52<sup>(e)</sup> | 250 | 212734 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 12/20/52<sup>(e)</sup> | 250 | 219687 |
| &nbsp;&nbsp;&nbsp;3.00%, 08/20/51 | 49 | 44946 |
| &nbsp;&nbsp;&nbsp;3.00%, 02/20/52 | 75 | 67741 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/20/52<sup>(e)</sup> | 75 | 67731 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 12/20/52<sup>(e)</sup> | 125 | 116035 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/20/52<sup>(e)</sup> | 75 | 71587 |
| &nbsp;&nbsp;&nbsp;4.50%, 08/20/52 | 29 | 28275 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 12/20/52<sup>(e)</sup> | 71 | 69538 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/20/52<sup>(e)</sup> | 25 | 24977 |
| Uniform Mortgage-Backed Securities |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 03/01/36 | 3 | 2740 |
| &nbsp;&nbsp;&nbsp;1.50%, 02/01/37 | 66 | 57925 |
| &nbsp;&nbsp;&nbsp;1.50%, 03/01/37 | 49 | 43715 |
| &nbsp;&nbsp;&nbsp;1.50%, 07/01/51 | 21 | 16178 |
| &nbsp;&nbsp;&nbsp;1.50%, 11/01/51 | 25 | 19355 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.50%, 12/13/52<sup>(e)</sup> | 25 | 19474 |
| &nbsp;&nbsp;&nbsp;2.00%, 11/01/35 | 72 | 64758 |
| &nbsp;&nbsp;&nbsp;2.00%, 08/01/50 | 309 | 255523 |
| &nbsp;&nbsp;&nbsp;2.00%, 10/01/50 | 27 | 22073 |
| &nbsp;&nbsp;&nbsp;2.00%, 12/01/51 | 24 | 20244 |
| &nbsp;&nbsp;&nbsp;2.00%, 02/01/52 | 27 | 22218 |
| &nbsp;&nbsp;&nbsp;2.00%, 03/01/52 | 485 | 400001 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.00%, 12/13/52<sup>(e)</sup> | 119 | 98012 |
| &nbsp;&nbsp;&nbsp;2.50%, 09/01/51 | 178 | 153333 |
| &nbsp;&nbsp;&nbsp;2.50%, 11/01/51 | 45 | 39068 |
| &nbsp;&nbsp;&nbsp;2.50%, 01/01/52 | 187 | 160026 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 12/13/52<sup>(e)</sup> | 350 | 299387 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/15/37<sup>(e)</sup> | 125 | 117631 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/13/52<sup>(e)</sup> | 400 | 353980 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 12/15/37<sup>(e)</sup> | 25 | 24018 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 12/13/52<sup>(e)</sup> | 350 | 320359 |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/52 | 28 | 26107 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/13/52<sup>(e)</sup> | 272 | 257199 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 12/13/52<sup>(e)</sup> | 175 | 170324 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/13/52<sup>(e)</sup> | 75 | 74625 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 12/13/52<sup>(e)</sup> | 50 | 50568 |
|  |  | 4480315 |
| **U.S. Government Obligations — 20.8%** |  |  |
| U.S. Treasury Note/Bond |  |  |
| &nbsp;&nbsp;&nbsp;0.63%, 05/15/30 | 260 | 208975 |
| &nbsp;&nbsp;&nbsp;1.13%, 08/15/40 | 310 | 196886 |
| &nbsp;&nbsp;&nbsp;1.25%, 08/15/31 | 300 | 246961 |
| &nbsp;&nbsp;&nbsp;1.25%, 05/15/50 | 190 | 105984 |
| &nbsp;&nbsp;&nbsp;1.38%, 11/15/31 | 300 | 248121 |
| &nbsp;&nbsp;&nbsp;1.38%, 11/15/40 | 325 | 215528 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par/<br> Shares <br> (000)* | *Value* |
| **U.S. Government Obligations (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;1.38%, 08/15/50 | $400 | $230688 |
| &nbsp;&nbsp;&nbsp;1.63%, 11/15/50 | 390 | 240886 |
| &nbsp;&nbsp;&nbsp;1.75%, 08/15/41 | 270 | 188367 |
| &nbsp;&nbsp;&nbsp;1.88%, 02/15/32 | 350 | 301383 |
| &nbsp;&nbsp;&nbsp;1.88%, 02/15/41 | 235 | 169824 |
| &nbsp;&nbsp;&nbsp;1.88%, 02/15/51 | 200 | 131875 |
| &nbsp;&nbsp;&nbsp;1.88%, 11/15/51 | 150 | 98643 |
| &nbsp;&nbsp;&nbsp;2.25%, 08/15/46 | 100 | 72621 |
| &nbsp;&nbsp;&nbsp;2.50%, 02/15/45 | 270 | 208164 |
| &nbsp;&nbsp;&nbsp;2.50%, 02/15/46 | 100 | 76617 |
| &nbsp;&nbsp;&nbsp;2.50%, 05/15/46 | 100 | 76488 |
| &nbsp;&nbsp;&nbsp;2.75%, 08/15/32 | 215 | 199144 |
| &nbsp;&nbsp;&nbsp;2.88%, 05/15/43 | 60 | 50168 |
| &nbsp;&nbsp;&nbsp;2.88%, 08/15/45 | 50 | 41166 |
| &nbsp;&nbsp;&nbsp;3.00%, 11/15/44 | 70 | 59161 |
| &nbsp;&nbsp;&nbsp;3.13%, 08/15/44 | 50 | 43213 |
| &nbsp;&nbsp;&nbsp;6.25%, 05/15/30 | 75 | 87050 |
|  |  | 3497913 |
| **Total U.S. Government & Agency Obligations — 47.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $8,953,877)** |  | 7978228 |
| **Total Long-Term Investments — 97.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $17,636,353)** |  | 16418234 |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 18.7%** |  |  |
| BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%<sup>(f)(g)</sup> | 2983 | 2983377 |
| BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%<sup>(f)(g)(h)</sup> | 167 | 166957 |
| **Total Short-Term Securities — 18.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $3,150,022)** |  | 3150334 |
| **Total Investments in Securities — 116.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $20,786,375)** |  | 19568568 |
| **Liabilities in Excess of Other Assets — (16.2)%** |  | (2723415) |
| **Net Assets — 100.0%** |  | $16845153 |

---

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

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

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

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

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

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> USD Bond Factor ETF** |
| November 30, 2022 |  |

---

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at<br> 02/28/22* | *Purchases<br> at Cost* | *Proceeds<br> from Sale* | *Net Realized<br> Gain (Loss)* | *Change in<br> Unrealized<br> Appreciation<br> (Depreciation)* | *Value at<br> 11/30/22* | *Shares<br> Held at<br> 11/30/22<br> (000)* | *Income* | *Capital Gain<br> Distributions from<br> Underlying Funds* |
| BlackRock Cash Funds: Institutional, SL Agency Shares | $4283613 | $— | $(1299644)<sup>(a)</sup> | $(1404) | $812 | $2983377 | 2983 | $43739 | $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 119800 | 47157 <sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;— |  | 166957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167 | 100000 <sup>(b)</sup> |  |
|  |  |  |  | $(1404) | $812 | $3150334 |  | $143739 | $— |

---

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

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

**Fair Value Hierarchy as of Period End**

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

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

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

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

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

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* |
| Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collaterized Mortgage Obligations | $— | $179580 | $— | $179580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds & Notes |  | 8260426 |  | 8260426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government & Agency Obligations |  | 7978228 |  | 7978228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 3150334 |  |  | 3150334 |
|  | 3150334 | 16418234 |  | 19568568 |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| LIBOR | London Interbank Offered Rate |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** iShares USD Bond Factor ETF

- **b. EDGAR series identifier (if any):** S000073477

- **c. LEI of Series:** 5493009197CZ48IFJQ17

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $19870876.67

**Total Liabilities:** $3023121.30

**Net Assets:** $16847755.37

**Cash Not Reported:** $43.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 53.55000000 | **1-Year:** 651.77000000 | **5-Year:** 1908.05000000 | **10-Year:** 2943.77000000 | **30-Year:** 932.67000000

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

- **3-Month:** 0.00000000 | **1-Year:** 7.83000000 | **5-Year:** 118.77000000 | **10-Year:** 23.27000000 | **30-Year:** 9.96000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230412 | -4.58%               | -1.33%               | 3.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-141157.97              | $-705952.55                                |
| Month 2  | $-201226.60              | $-68758.27                                 |
| Month 3  | $-135694.53              | $723285.88                                 |

**Designated Index Information**

- **Index Name:** BlackRock USD Bond Factor Index

- **Index Identifier:** USBNDFCT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERISOURCEBERGEN CORP                           | AmerisourceBergen Corp                                                           | CUSIP: 03073EAT2<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12418.51     | 0.07%             | 2031-03-15      | Fixed         | 2.70%                 | 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        |      2000 | PA      | $1587.22      | 0.01%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                           | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607HR61<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $32966.74     | 0.20%             | 2027-04-07      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                        | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4613.05      | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Oracle Corp                                      | Oracle Corp                                                                      | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36500.54     | 0.22%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                      | Equinix Inc                                                                      | CUSIP: 29444UBH8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |     15000 | PA      | $12016.62     | 0.07%             | 2030-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                       | Evergy Inc                                                                       | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25897.36     | 0.15%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3132D6BM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6465 | PA      | $5669.39      | 0.03%             | 2037-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                              | American Tower Corp                                                              | CUSIP: 03027XBJ8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |      5000 | PA      | $4129.72      | 0.02%             | 2028-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                          | GCI LLC                                                                          | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1713.46      | 0.01%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                     | Entergy Corp                                                                     | CUSIP: 29364GAM5<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8913.84      | 0.05%             | 2025-09-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                         | EnLink Midstream Partners LP                                                     | CUSIP: 29336UAE7<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4770.75      | 0.03%             | 2025-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                           | Skyworks Solutions Inc                                                           | CUSIP: 83088MAL6<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7828.65      | 0.05%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                           | Skyworks Solutions Inc                                                           | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8731.60      | 0.05%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                                    | Sempra Energy                                                                    | CUSIP: 816851BG3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13874.59     | 0.08%             | 2028-02-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0326C9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    125000 | PA      | $116035.16    | 0.69%             | 2052-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications Inc                                                       | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18869.53     | 0.11%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    190000 | PA      | $105984.38    | 0.63%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0124C7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     42375 | PA      | $37136.89     | 0.22%             | 2037-12-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Orange SA                                        | Orange SA                                                                        | CUSIP: 35177PAL1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |     20000 | PA      | $24751.03     | 0.15%             | 2031-03-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $41166.02     | 0.24%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                              | Elevance Health Inc                                                              | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23774.37     | 0.14%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                          | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAG7<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7940.75      | 0.05%             | 2028-09-30      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CRESTWOOD MID PARTNER LP                         | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp               | CUSIP: 67421QAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $2015.00      | 0.01%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                         | Enterprise Products Operating LLC                                                | CUSIP: 29379VBT9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28601.49     | 0.17%             | 2028-10-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                              | Carrier Global Corp                                                              | CUSIP: 14448CAN4<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6603.11      | 0.04%             | 2025-02-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                             | Royal Bank of Canada                                                             | CUSIP: 78015K7C2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $19044.50     | 0.11%             | 2024-11-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                                                   | CUSIP: 61761J3R8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14069.70     | 0.08%             | 2026-07-27      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 31418ECC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14452 | PA      | $12672.93     | 0.08%             | 2037-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                          | GlaxoSmithKline Capital Inc                                                      | CUSIP: 377372AM9<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9804.19      | 0.06%             | 2025-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                               | Energy Transfer LP                                                               | CUSIP: 86765BAN9<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19601.07     | 0.12%             | 2024-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                                  | PerkinElmer Inc                                                                  | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21824.90     | 0.13%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                   | Air Lease Corp                                                                   | CUSIP: 00914AAH5<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9436.80      | 0.06%             | 2025-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp                                                                     | CUSIP: 20030NBL4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9731.75      | 0.06%             | 2025-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Embarq Corp                                      | Embarq Corp                                                                      | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $1699.32      | 0.01%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                 | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18557.93     | 0.11%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Campbell Soup Co                                 | Campbell Soup Co                                                                 | CUSIP: 134429BF5<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9798.09      | 0.06%             | 2025-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0206C4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    250000 | PA      | $212734.38    | 1.26%             | 2052-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                      | Walmart Inc                                                                      | CUSIP: 931142ED1<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9864.89      | 0.06%             | 2025-06-26      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32005.80     | 0.19%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                          | HCA Inc                                                                          | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30244.39     | 0.18%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                          | Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC                       | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |      3000 | PA      | $2197.50      | 0.01%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    215000 | PA      | $199143.75    | 1.18%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137BGK24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $48363.97     | 0.29%             | 2024-12-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $188367.19    | 1.12%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                | L3Harris Technologies Inc                                                        | CUSIP: 502431AM1<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28996.98     | 0.17%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                             | Parker-Hannifin Corp                                                             | CUSIP: 701094AN4<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27086.55     | 0.16%             | 2029-06-14      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2019-GC44 Mortgage Trust                                                    | CUSIP: 12655TBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $45217.42     | 0.27%             | 2057-08-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                         | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28726.06     | 0.17%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications Inc                                                       | CUSIP: 92343VGF5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9506.62      | 0.06%             | 2024-03-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                    | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     25000 | PA      | $20426.54     | 0.12%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                         | Caterpillar Financial Services Corp                                              | CUSIP: 14913R2P1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18616.95     | 0.11%             | 2024-09-13      | Fixed         | 0.60%                 | 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        |      6000 | PA      | $4674.00      | 0.03%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                          | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $19741.08     | 0.12%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                               | Coterra Energy Inc                                                               | CUSIP: 127097AE3<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9436.14      | 0.06%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                 | Altria Group Inc                                                                 | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12886.77     | 0.08%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                      | Deluxe Corp                                                                      | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2482.50      | 0.01%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                         | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |      5000 | PA      | $4806.65      | 0.03%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2017-BNK7                                                                   | CUSIP: 06541XAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40000 | PA      | $36985.23     | 0.22%             | 2060-09-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                       | VMware Inc                                                                       | CUSIP: 928563AF2<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9389.95      | 0.06%             | 2030-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                            | Toronto-Dominion Bank/The                                                        | CUSIP: 89114TZE5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $18558.93     | 0.11%             | 2024-09-10      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                    | CUSIP: 143658BL5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      5000 | PA      | $4212.50      | 0.03%             | 2026-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                       | AbbVie Inc                                                                       | CUSIP: 00287YAQ2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9726.97      | 0.06%             | 2025-05-14      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                            | GFL Environmental Inc                                                            | CUSIP: 36168QAM6<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4447.40      | 0.03%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                            | Duke Energy Carolinas LLC                                                        | CUSIP: 26442CBG8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17141.67     | 0.10%             | 2032-03-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                       | Hasbro Inc                                                                       | CUSIP: 418056AX5<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9568.46      | 0.06%             | 2024-11-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                   | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     75000 | PA      | $62847.52     | 0.37%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA Inc                                                                 | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23681.44     | 0.14%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                       | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4575.01      | 0.03%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                         | Willis North America Inc                                                         | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19424.02     | 0.12%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                     | NiSource Inc                                                                     | CUSIP: 65473PAK1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18034.37     | 0.11%             | 2025-08-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                                   | McCormick & Co Inc/MD                                                            | CUSIP: 579780AR8<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8789.30      | 0.05%             | 2026-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                 | HF Sinclair Corp                                                                 | CUSIP: 403949AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20126.25     | 0.12%             | 2026-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    235000 | PA      | $169824.22    | 1.01%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BDC INC                            | Goldman Sachs BDC Inc                                                            | CUSIP: 38147UAD9<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9219.52      | 0.05%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                         | EQT Corp                                                                         | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3008.67      | 0.02%             | 2025-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                           | Motorola Solutions Inc                                                           | CUSIP: 620076BT5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15770.94     | 0.09%             | 2030-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                             | Bank of America Corp                                                             | CUSIP: 06051GFP9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87958.50     | 0.52%             | 2025-04-21      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp                                                                     | CUSIP: 20030NCU3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19270.81     | 0.11%             | 2030-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                    | Citigroup Inc                                                                    | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18866.10     | 0.11%             | 2028-01-10      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810FM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     75000 | PA      | $87049.80     | 0.52%             | 2030-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZP2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19482.65     | 0.12%             | 2024-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                         | Huntington Ingalls Industries Inc                                                | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12462.01     | 0.07%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $98642.58     | 0.59%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                               | Eldorado Gold Corp                                                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4082.40      | 0.02%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                             | Bank of America Corp                                                             | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65022.60     | 0.39%             | 2029-03-05      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                       | Cigna Corp                                                                       | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24365.60     | 0.14%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                          | HCA Inc                                                                          | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20135.45     | 0.12%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                         | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      2000 | PA      | $1779.96      | 0.01%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                               | Raytheon Technologies Corp                                                       | CUSIP: 913017DD8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9834.04      | 0.06%             | 2025-08-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SUN COMMUNITIES OPER LP                          | Sun Communities Operating LP                                                     | CUSIP: 866677AH0<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              |  | US        |     10000 | PA      | $8627.65      | 0.05%             | 2032-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                    | McKesson Corp                                                                    | CUSIP: 581557BR5<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8794.09      | 0.05%             | 2026-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                    | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      4000 | PA      | $4048.40      | 0.02%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                 | Duke Energy Corp                                                                 | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7462.23      | 0.04%             | 2046-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                              | Dave & Buster's Inc                                                              | CUSIP: 23833NAH7<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2009.83      | 0.01%             | 2025-11-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                           | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13898.01     | 0.08%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $208163.67    | 1.24%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                              | Carrier Global Corp                                                              | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21330.38     | 0.13%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                      | Oracle Corp                                                                      | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36892.60     | 0.22%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                     | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23943.21     | 0.14%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                               | VICI Properties LP                                                               | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |     40000 | PA      | $37706.40     | 0.22%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                            | Dick's Sporting Goods Inc                                                        | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |     25000 | PA      | $19897.33     | 0.12%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Ameren Corp                                      | Ameren Corp                                                                      | CUSIP: 023608AJ1<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22259.17     | 0.13%             | 2031-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                              | Bank of Nova Scotia/The                                                          | CUSIP: 0641596E1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $18603.13     | 0.11%             | 2024-07-31      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAR5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9938.86      | 0.06%             | 2024-07-05      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140MGK34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26930 | PA      | $22218.19     | 0.13%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PAV8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56423.08     | 0.33%             | 2029-07-23      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                              | JPMorgan Chase & Co                                                              | CUSIP: 46625HJQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19830.72     | 0.12%             | 2024-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                              | Dominion Energy Inc                                                              | CUSIP: 25746UDE6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9614.38      | 0.06%             | 2025-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                        | Amgen Inc                                                                        | CUSIP: 031162BY5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9667.17      | 0.06%             | 2025-05-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                          | Canadian Natural Resources Ltd                                                   | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $33177.71     | 0.20%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                          | Simon Property Group LP                                                          | CUSIP: 828807DE4<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |     25000 | PA      | $23234.12     | 0.14%             | 2027-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge Inc                                                                     | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $8793.57      | 0.05%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $72621.09     | 0.43%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INTL                           | Williams Scotsman International Inc                                              | CUSIP: 71953LAA9<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2970.00      | 0.02%             | 2025-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                         | Deutsche Telekom International Finance BV                                        | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |     25000 | PA      | $29790.15     | 0.18%             | 2030-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                         | Toyota Motor Credit Corp                                                         | CUSIP: 89236TJT3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18775.51     | 0.11%             | 2025-01-13      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                  | Weyerhaeuser Co                                                                  | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |     20000 | PA      | $18161.06     | 0.11%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                       | Nucor Corp                                                                       | CUSIP: 670346AX3<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9790.53      | 0.06%             | 2025-05-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2020-GC45                                           | CUSIP: 36258YBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $64268.61     | 0.38%             | 2053-02-13      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| EARTHSTONE ENERGY HOL                            | Earthstone Energy Holdings LLC                                                   | CUSIP: 27034RAA1<br>LEI: 549300HGVO86L8G72J25 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1925.66      | 0.01%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $246960.94    | 1.47%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140QMZZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    186570 | PA      | $160026.08    | 0.95%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                                 | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32651.05     | 0.19%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140XDGG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45346 | PA      | $39068.25     | 0.23%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                              | Sherwin-Williams Co/The                                                          | CUSIP: 824348BQ8<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19685.81     | 0.12%             | 2024-08-08      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                              | Sprint Capital Corp                                                              | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2391.30      | 0.01%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0324C5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     25000 | PA      | $24017.58     | 0.14%             | 2037-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                              | Elevance Health Inc                                                              | CUSIP: 036752AG8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19296.49     | 0.11%             | 2028-03-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                         | Cheniere Corpus Christi Holdings LLC                                             | CUSIP: 16412XAC9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15071.02     | 0.09%             | 2025-03-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                              | Vulcan Materials Co                                                              | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17817.87     | 0.11%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                           | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37924.81     | 0.23%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                           | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     25000 | PA      | $21738.57     | 0.13%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                      | MetLife Inc                                                                      | CUSIP: 59156RBH0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9838.71      | 0.06%             | 2024-04-10      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                           | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BD5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     70000 | PA      | $68549.79     | 0.41%             | 2024-03-07      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                               | Conagra Brands Inc                                                               | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19801.71     | 0.12%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $131875.00    | 0.78%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                             | Westpac Banking Corp                                                             | CUSIP: 961214EU3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     10000 | PA      | $9289.10      | 0.06%             | 2024-11-18      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                         | Microchip Technology Inc                                                         | CUSIP: 595017BB9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9461.71      | 0.06%             | 2024-02-15      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                              | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |     85016 | NS      | $85016.07     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0224C6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    125000 | PA      | $115487.74    | 0.69%             | 2037-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                        | ONEOK Inc                                                                        | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19010.16     | 0.11%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                              | Gilead Sciences Inc                                                              | CUSIP: 375558AW3<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9837.80      | 0.06%             | 2024-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                 | Duke Energy Corp                                                                 | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18548.89     | 0.11%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                    | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29708.93     | 0.18%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                         | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1847.73      | 0.01%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SVS                           | Discover Financial Services                                                      | CUSIP: 254709AM0<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46979.16     | 0.28%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                 | BAT Capital Corp                                                                 | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19288.89     | 0.11%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                       | Intel Corp                                                                       | CUSIP: 458140BP4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19517.04     | 0.12%             | 2025-03-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                      | Equifax Inc                                                                      | CUSIP: 294429AV7<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9860.68      | 0.06%             | 2027-12-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                               | Realty Income Corp                                                               | CUSIP: 756109BF0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |     10000 | PA      | $10049.71     | 0.06%             | 2026-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                         | Fox Corp                                                                         | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33824.20     | 0.20%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| HECLA MINING CO                                  | Hecla Mining Co                                                                  | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2926.07      | 0.02%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                          | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $18803.00     | 0.11%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                       | AbbVie Inc                                                                       | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29249.50     | 0.17%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCONIC CORP                                     | Arconic Corp                                                                     | CUSIP: 03966VAA5<br>LEI: 549300B4YFWH3U74B152 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4694.75      | 0.03%             | 2028-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                           | Motorola Solutions Inc                                                           | CUSIP: 620076BN8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19029.61     | 0.11%             | 2029-05-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                                | General Mills Inc                                                                | CUSIP: 370334CF9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9838.30      | 0.06%             | 2025-04-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                       | 3M Co                                                                            | CUSIP: 88579YBM2<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9581.24      | 0.06%             | 2025-04-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VECTOR GROUP LTD                                 | Vector Group Ltd                                                                 | CUSIP: 92240MBL1<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1737.14      | 0.01%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                          | John Deere Capital Corp                                                          | CUSIP: 24422EVY2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18695.02     | 0.11%             | 2025-01-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| Enbridge Inc                                     | Enbridge Inc                                                                     | CUSIP: 29250NAL9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $14543.58     | 0.09%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NVR INC                                          | NVR Inc                                                                          | CUSIP: 62944TAF2<br>LEI: 529900RWXR4JI3JYTV70 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25416.62     | 0.15%             | 2030-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                            | TransCanada PipeLines Ltd                                                        | CUSIP: 89352HBA6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $13997.73     | 0.08%             | 2030-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                            | Huntington Bancshares Inc/OH                                                     | CUSIP: 446150AX2<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7240.74      | 0.04%             | 2036-08-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137F8ZV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     46667 | PA      | $37955.58     | 0.23%             | 2030-12-25      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                         | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |      5000 | PA      | $3820.41      | 0.02%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| NISOURCE INC                                     | NiSource Inc                                                                     | CUSIP: 65473PAH8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26302.78     | 0.16%             | 2029-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                         | AT&T Inc                                                                         | CUSIP: 00206RMJ8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9492.50      | 0.06%             | 2024-03-25      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                                       | Masco Corp                                                                       | CUSIP: 574599BS4<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12473.58     | 0.07%             | 2028-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                            | Molson Coors Beverage Co                                                         | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9379.60      | 0.06%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                      | Southern Co/The                                                                  | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27147.98     | 0.16%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $3670.32      | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                             | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAF7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29797.01     | 0.18%             | 2028-05-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0206C8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    119000 | PA      | $98012.30     | 0.58%             | 2052-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                       | AbbVie Inc                                                                       | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9578.45      | 0.06%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                           | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBC0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19382.00     | 0.12%             | 2025-04-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                                       | Fiserv Inc                                                                       | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14315.02     | 0.08%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                           | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1599.24      | 0.01%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                              | American Tower Corp                                                              | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13981.71     | 0.08%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                          | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |      6000 | PA      | $5205.00      | 0.03%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                            | TransCanada PipeLines Ltd                                                        | CUSIP: 89352HAW9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $28663.27     | 0.17%             | 2028-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                       | US Bancorp                                                                       | CUSIP: 91159HHZ6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18567.09     | 0.11%             | 2025-05-12      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      4000 | PA      | $3561.32      | 0.02%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0226C0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    250000 | PA      | $219687.50    | 1.30%             | 2052-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                          | John Deere Capital Corp                                                          | CUSIP: 24422EWB1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9491.14      | 0.06%             | 2025-03-07      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                            | American Airlines Inc                                                            | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3331.60      | 0.02%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                          | Laboratory Corp of America Holdings                                              | CUSIP: 50540RAQ5<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4850.73      | 0.03%             | 2025-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                           | Marvell Technology Inc                                                           | CUSIP: 573874AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $12727.57     | 0.08%             | 2028-04-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SUN COMMUNITIES OPER LP                          | Sun Communities Operating LP                                                     | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              |  | US        |     25000 | PA      | $19451.42     | 0.12%             | 2031-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                              | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1620.92      | 0.01%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                             | Parker-Hannifin Corp                                                             | CUSIP: 701094AQ7<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19550.50     | 0.12%             | 2024-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                       | Carvana Co                                                                       | CUSIP: 146869AB8<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |      2000 | PA      | $900.00       | 0.01%             | 2025-10-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| TD SYNNEX CORP                                   | TD SYNNEX Corp                                                                   | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12809.03     | 0.08%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                         | AT&T Inc                                                                         | CUSIP: 00206RHK1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9163.10      | 0.05%             | 2039-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                             | CUSIP: 06051GGZ6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52599.11     | 0.31%             | 2026-01-23      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                          | Transcontinental Gas Pipe Line Co LLC                                            | CUSIP: 893574AH6<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     15000 | PA      | $16127.57     | 0.10%             | 2026-02-01      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                           | UnitedHealth Group Inc                                                           | CUSIP: 91324PCP5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9818.57      | 0.06%             | 2025-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                         | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2864.73      | 0.02%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | Centene Corp                                                                     | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27895.05     | 0.17%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                    | TransDigm Inc                                                                    | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4975.70      | 0.03%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                        | Apple Inc                                                                        | CUSIP: 037833DF4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38688.31     | 0.23%             | 2025-01-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| WEWORK COS LLC/WW CO-OBL                         | WeWork Cos LLC / WW Co-Obligor Inc                                               | CUSIP: 96209BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $882.14       | 0.01%             | 2025-07-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                           | CenterPoint Energy Inc                                                           | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8910.28      | 0.05%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                       | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18857.86     | 0.11%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175AY0<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9842.92      | 0.06%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Avangrid Inc                                     | Avangrid Inc                                                                     | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13724.94     | 0.08%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                           | ConocoPhillips Co                                                                | CUSIP: 208251AE8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     10000 | PA      | $11143.24     | 0.07%             | 2029-04-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                         | Toyota Motor Credit Corp                                                         | CUSIP: 89236TGX7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9636.63      | 0.06%             | 2025-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge Inc                                                                     | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $17642.22     | 0.10%             | 2029-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                         | Pioneer Natural Resources Co                                                     | CUSIP: 723787AT4<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26779.63     | 0.16%             | 2026-01-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| RELX Capital Inc                                 | RELX Capital Inc                                                                 | CUSIP: 74949LAC6<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18791.94     | 0.11%             | 2029-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                          | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1918.12      | 0.01%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                       | Pfizer Inc                                                                       | CUSIP: 717081EX7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9223.22      | 0.05%             | 2025-05-28      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                          | Bristol-Myers Squibb Co                                                          | CUSIP: 110122CM8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14589.12     | 0.09%             | 2024-07-26      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                 | FirstEnergy Corp                                                                 | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |      3000 | PA      | $1997.49      | 0.01%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PDE3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49096.84     | 0.29%             | 2025-06-14      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AKUMIN INC                                       | Akumin Inc                                                                       | CUSIP: 01021FAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1540.30      | 0.01%             | 2025-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                 | Bank of Montreal                                                                 | CUSIP: 06368FAE9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $13983.81     | 0.08%             | 2025-01-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                      | Oracle Corp                                                                      | CUSIP: 68389XBS3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28865.92     | 0.17%             | 2024-11-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                     | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22982.44     | 0.14%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                            | CUSIP: 595112BQ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13858.67     | 0.08%             | 2030-02-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| EAGLE MATERIALS                                  | Eagle Materials Inc                                                              | CUSIP: 26969PAB4<br>LEI: 529900KRXRGXL61SG039 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15546.96     | 0.09%             | 2031-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                             | Rackspace Technology Global Inc                                                  | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |      2000 | PA      | $911.94       | 0.01%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                    | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18067.88     | 0.11%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS                          | Spectra Energy Partners LP                                                       | CUSIP: 84756NAD1<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4972.46      | 0.03%             | 2024-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                              | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |     10000 | PA      | $9661.47      | 0.06%             | 2026-01-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                         | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKC8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9827.56      | 0.06%             | 2025-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                             | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9407.86      | 0.06%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140QNQJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    484878 | PA      | $400001.45    | 2.37%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Block Financial LLC                              | Block Financial LLC                                                              | CUSIP: 093662AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9953.49      | 0.06%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                         | British Telecommunications PLC                                                   | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     20000 | PA      | $24096.11     | 0.14%             | 2030-12-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                 | CUSIP: 95000U2H5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94241.80     | 0.56%             | 2025-10-30      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                              | Dominion Energy Inc                                                              | CUSIP: 25746UDG1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35434.25     | 0.21%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                           | Williams Cos Inc/The                                                             | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23647.75     | 0.14%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                       | CUSIP: 14040HBW4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28029.82     | 0.17%             | 2028-01-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                               | Raytheon Technologies Corp                                                       | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33917.82     | 0.20%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                         | AT&T Inc                                                                         | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24171.69     | 0.14%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                          | HCA Inc                                                                          | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4991.82      | 0.03%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FJEH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     30000 | PA      | $29313.26     | 0.17%             | 2028-08-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| XHR LP                                           | XHR LP                                                                           | CUSIP: 98372MAA3<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |      2000 | PA      | $1946.66      | 0.01%             | 2025-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                         | Healthcare Realty Holdings LP                                                    | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     30000 | PA      | $22787.36     | 0.14%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                   | Merck & Co Inc                                                                   | CUSIP: 58933YAR6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9635.70      | 0.06%             | 2025-02-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ENVIVA PARTNERS LP/FIN C                         | Enviva Partners LP / Enviva Partners Finance Corp                                | CUSIP: 29413XAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4767.00      | 0.03%             | 2026-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0406C6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    272000 | PA      | $257199.37    | 1.53%             | 2052-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                    | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18213.20     | 0.11%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                 | Altria Group Inc                                                                 | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28796.05     | 0.17%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                              | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $8461.20      | 0.05%             | 2028-12-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                         | Microchip Technology Inc                                                         | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4863.81      | 0.03%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FTBM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16000 | PA      | $13204.30     | 0.08%             | 2030-03-25      | Fixed         | 1.52%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                            | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2639.13      | 0.02%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                              | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21361.93     | 0.13%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                          | Exxon Mobil Corp                                                                 | CUSIP: 30231GBH4<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19369.79     | 0.11%             | 2025-03-19      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                | HSBC Holdings PLC                                                                | CUSIP: 404280BX6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $190532.82    | 1.13%             | 2026-09-12      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                           | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2865.27      | 0.02%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| MPLX LP                                          | MPLX LP                                                                          | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19089.18     | 0.11%             | 2027-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                                 | Carlisle Cos Inc                                                                 | CUSIP: 142339AJ9<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16731.86     | 0.10%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group Inc/The                                             | CUSIP: 693475AY1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9517.87      | 0.06%             | 2024-11-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp                                                            | CUSIP: 867914BS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49082.33     | 0.29%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWQ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33695.20     | 0.20%             | 2025-09-29      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                         | Berkshire Hathaway Energy Co                                                     | CUSIP: 084659AT8<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9903.95      | 0.06%             | 2025-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                         | Host Hotels & Resorts LP                                                         | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |     25000 | PA      | $20866.93     | 0.12%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                  | CUSIP: 718172BM0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9662.69      | 0.06%             | 2024-11-10      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PBA3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28826.55     | 0.17%             | 2027-01-29      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                      | Nutrien Ltd                                                                      | CUSIP: 67077MAT5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $18927.13     | 0.11%             | 2029-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                 | CUSIP: 949746RG8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27525.00     | 0.16%             | 2024-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $248121.09    | 1.47%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                               | Ally Financial Inc                                                               | CUSIP: 02005NBH2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9728.76      | 0.06%             | 2024-05-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                              | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17443.40     | 0.10%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                          | Shell International Finance BV                                                   | CUSIP: 822582CC4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |      5000 | PA      | $4769.62      | 0.03%             | 2024-11-07      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| General Electric Co                              | General Electric Co                                                              | CUSIP: 36962GXZ2<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $22694.73     | 0.13%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                          | Shell International Finance BV                                                   | CUSIP: 822582BD3<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |      5000 | PA      | $4858.49      | 0.03%             | 2025-05-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CommScope Inc                                    | CommScope Inc                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2575.22      | 0.02%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                         | CSX Corp                                                                         | CUSIP: 126408HM8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19312.93     | 0.11%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                         | Service Properties Trust                                                         | CUSIP: 44106MAZ5<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      5000 | PA      | $4666.50      | 0.03%             | 2024-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WESTERN UNION CO/THE                             | Western Union Co/The                                                             | CUSIP: 959802AZ2<br>LEI: 28ID94QU1140NC23S047 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8718.95      | 0.05%             | 2026-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| FORTIS INC                                       | Fortis Inc/Canada                                                                | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $32592.71     | 0.19%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                    | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3519.82      | 0.02%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0406C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     75000 | PA      | $71586.91     | 0.42%             | 2052-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                           | Allegion US Holding Co Inc                                                       | CUSIP: 01748TAC5<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9583.84      | 0.06%             | 2032-07-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                            | Republic Services Inc                                                            | CUSIP: 760759AT7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28655.74     | 0.17%             | 2028-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                                  | PerkinElmer Inc                                                                  | CUSIP: 714046AM1<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8318.67      | 0.05%             | 2028-09-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                       | CUSIP: 14040HCV5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9531.64      | 0.06%             | 2030-07-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                           | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCG3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9937.33      | 0.06%             | 2025-06-20      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                             | Bank of America Corp                                                             | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65867.30     | 0.39%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| SMITH & NEPHEW PLC                               | Smith & Nephew PLC                                                               | CUSIP: 83192PAA6<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |     35000 | PA      | $27417.49     | 0.16%             | 2030-10-14      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                              | Synchrony Financial                                                              | CUSIP: 87165BAD5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9753.96      | 0.06%             | 2024-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                             | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAH3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5999.53      | 0.04%             | 2025-05-25      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                         | Public Service Enterprise Group Inc                                              | CUSIP: 744573AT3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9590.53      | 0.06%             | 2023-11-08      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                         | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2864.10      | 0.02%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2016-C37                                   | CUSIP: 95000PAE4<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9425.23      | 0.06%             | 2049-12-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                               | Ford Motor Co                                                                    | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1580.06      | 0.01%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                           | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4253.60      | 0.03%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3133A9NL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    308590 | PA      | $255522.86    | 1.52%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                | Hyatt Hotels Corp                                                                | CUSIP: 448579AH5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9958.81      | 0.06%             | 2025-04-23      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                    | CUSIP: 172967NQ0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4907.21      | 0.03%             | 2025-05-24      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                          | Fidelity National Financial Inc                                                  | CUSIP: 31620RAK1<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7693.18      | 0.05%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                       | CUSIP: 14040HBZ7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48964.01     | 0.29%             | 2025-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                   | LSB Industries Inc                                                               | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1867.84      | 0.01%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Vector Group Ltd                                 | Vector Group Ltd                                                                 | CUSIP: 92240MBJ6<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2005.00      | 0.01%             | 2026-11-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA Inc                                                                 | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16582.67     | 0.10%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                                  | TripAdvisor Inc                                                                  | CUSIP: 896945AA0<br>LEI: 549300XVG45PT5BART17 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1975.23      | 0.01%             | 2025-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                    | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18781.47     | 0.11%             | 2030-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                           | Regions Financial Corp                                                           | CUSIP: 7591EPAT7<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8509.15      | 0.05%             | 2028-08-12      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                        | ONEOK Inc                                                                        | CUSIP: 682680AY9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13060.76     | 0.08%             | 2029-09-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                       | Biogen Inc                                                                       | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |     45000 | PA      | $37123.05     | 0.22%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                        | ONEOK Inc                                                                        | CUSIP: 682680BB8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12686.32     | 0.08%             | 2030-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| Dupont De Nemours Inc                            | DuPont de Nemours Inc                                                            | CUSIP: 26078JAD2<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14948.26     | 0.09%             | 2028-11-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp                                                                     | CUSIP: 20030NCS8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9828.67      | 0.06%             | 2025-10-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                   | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2872.50      | 0.02%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                              | Dollar General Corp                                                              | CUSIP: 256677AG0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27235.31     | 0.16%             | 2030-04-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CGI INC                                          | CGI Inc                                                                          | CUSIP: 12532HAC8<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $8810.65      | 0.05%             | 2026-09-14      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                          | Gulfport Energy Corp                                                             | CUSIP: 402635AR7<br>LEI: 254900DJRGZBUZ3F5038 | Long             | DBT              | CORP              | US        |      1000 | PA      | $996.77       | 0.01%             | 2026-05-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                              | Invitation Homes Operating Partnership LP                                        | CUSIP: 46188BAB8<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |     10000 | PA      | $8271.57      | 0.05%             | 2028-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                            | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1843.10      | 0.01%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                    | B&G Foods Inc                                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3217.60      | 0.02%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140XCSU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20715 | PA      | $16178.10     | 0.10%             | 2051-07-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                       | Fiserv Inc                                                                       | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22546.72     | 0.13%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                          | New Fortress Energy Inc                                                          | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $3865.82      | 0.02%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AECOM                                            | AECOM                                                                            | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4864.40      | 0.03%             | 2027-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                        | Hess Corp                                                                        | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28836.44     | 0.17%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                           | Lumen Technologies Inc                                                           | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1412.50      | 0.01%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                         | Corebridge Financial Inc                                                         | CUSIP: 21871XAC3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9360.56      | 0.06%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                             | National Fuel Gas Co                                                             | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7928.64      | 0.05%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES GROUP                          | American Airlines Group Inc                                                      | CUSIP: 02376RAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2626.16      | 0.02%             | 2025-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| AUTOZONE INC                                     | AutoZone Inc                                                                     | CUSIP: 053332AZ5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18702.26     | 0.11%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                         | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3440.00      | 0.02%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                         | AT&T Inc                                                                         | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23989.30     | 0.14%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                              | American Express Co                                                              | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29409.21     | 0.17%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                             | Booking Holdings Inc                                                             | CUSIP: 09857LAR9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24355.36     | 0.14%             | 2030-04-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                              | Carrier Global Corp                                                              | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     16000 | PA      | $14529.43     | 0.09%             | 2027-02-15      | Fixed         | 2.49%                 | 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        |      3000 | PA      | $2902.50      | 0.02%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                      | Southern Co/The                                                                  | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28491.68     | 0.17%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140QPAY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27581 | PA      | $26106.79     | 0.15%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                       | Cigna Corp                                                                       | CUSIP: 125523BX7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9784.29      | 0.06%             | 2024-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                               | CUSIP: 36179WXK9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     74752 | PA      | $67741.19     | 0.40%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI                         | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              |  | US        |      2000 | PA      | $1592.50      | 0.01%             | 2029-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                       | Leidos Inc                                                                       | CUSIP: 52532XAD7<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9637.66      | 0.06%             | 2025-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                          | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4450.00      | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                      | Exelon Corp                                                                      | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28303.41     | 0.17%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0306C3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     75000 | PA      | $67730.61     | 0.40%             | 2052-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONDUENT BUS SERVICES                            | Conduent Business Services LLC / Conduent State & Local Solutions Inc            | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2460.00      | 0.01%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                            | CUSIP: 595112BP7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23901.30     | 0.14%             | 2027-02-15      | Fixed         | 4.19%                 | 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        |      5000 | PA      | $4630.35      | 0.03%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0304C9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    125000 | PA      | $117631.20    | 0.70%             | 2037-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                            | Bath & Body Works Inc                                                            | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4525.00      | 0.03%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                     | Chevron Corp                                                                     | CUSIP: 166764BW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4673.93      | 0.03%             | 2025-05-11      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                           | Williams Cos Inc/The                                                             | CUSIP: 969457BW9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4948.29      | 0.03%             | 2024-06-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 3140XDUC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24528 | PA      | $20243.93     | 0.12%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0526C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $50567.61     | 0.30%             | 2052-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                | Brown & Brown Inc                                                                | CUSIP: 115236AE1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8756.87      | 0.05%             | 2032-03-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                 | CUSIP: 95000U2D4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33010.32     | 0.20%             | 2029-01-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Matador Resources Co                             | Matador Resources Co                                                             | CUSIP: 576485AE6<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4952.40      | 0.03%             | 2026-09-15      | Fixed         | 5.88%                 | 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        |      4000 | PA      | $3651.04      | 0.02%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| AMC ENTERTAINMENT HLDGS                          | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |      4000 | PA      | $2279.32      | 0.01%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                         | Advantage Sales & Marketing Inc                                                  | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2348.46      | 0.01%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WeWork Cos Inc                                   | WeWork Cos Inc                                                                   | CUSIP: 96208LAA9<br>LEI: 549300D8U9TF7WBED521 | Long             | DBT              | CORP              | US        |      3000 | PA      | $1530.00      | 0.01%             | 2025-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                              | Delta Air Lines Inc                                                              | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5165.40      | 0.03%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| VIASAT INC                                       | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4595.15      | 0.03%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                         | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748BG6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29198.33     | 0.17%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                                 | Ryder System Inc                                                                 | CUSIP: 78355HKL2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9790.04      | 0.06%             | 2024-03-18      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9791.00      | 0.06%             | 2028-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                               | Vodafone Group PLC                                                               | CUSIP: 92857WBK5<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     35000 | PA      | $34635.49     | 0.21%             | 2028-05-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                          | Simon Property Group LP                                                          | CUSIP: 828807DC8<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9379.61      | 0.06%             | 2027-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LP                              | Emera US Finance LP                                                              | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $18759.80     | 0.11%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                          | Marathon Petroleum Corp                                                          | CUSIP: 56585ABH4<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4957.32      | 0.03%             | 2025-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3132D6BH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4714 | PA      | $4134.99      | 0.02%             | 2037-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                         | Huntsman International LLC                                                       | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22662.66     | 0.13%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES   | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    100000 | NS      | $100000.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                           | Roper Technologies Inc                                                           | CUSIP: 776743AF3<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28964.47     | 0.17%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                   | Home Depot Inc/The                                                               | CUSIP: 437076CM2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9611.13      | 0.06%             | 2025-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FUNDING LLC                           | NXP BV / NXP Funding LLC                                                         | CUSIP: 62947QBC1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     10000 | PA      | $10033.05     | 0.06%             | 2028-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                       | Sprint LLC                                                                       | CUSIP: 85207UAJ4<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3107.47      | 0.02%             | 2025-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | Centene Corp                                                                     | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25554.39     | 0.15%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                           | Fairfax Financial Holdings Ltd                                                   | CUSIP: 303901BK7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $18796.01     | 0.11%             | 2032-08-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                                | General Mills Inc                                                                | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29474.57     | 0.17%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                             | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14119.98     | 0.08%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                            | Uber Technologies Inc                                                            | CUSIP: 90353TAE0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5026.00      | 0.03%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                                                   | CUSIP: 6174468C6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34282.74     | 0.20%             | 2025-07-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                             | Royal Bank of Canada                                                             | CUSIP: 78016EZ59<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $19363.65     | 0.11%             | 2025-04-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                         | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      2000 | PA      | $1576.06      | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                           | Marvell Technology Inc                                                           | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $8829.84      | 0.05%             | 2026-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications Inc                                                       | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29427.98     | 0.17%             | 2027-03-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                            | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      5000 | PA      | $5099.80      | 0.03%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                  | CVS Health Corp                                                                  | CUSIP: 126650CW8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9900.27      | 0.06%             | 2025-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                 | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14982.80     | 0.09%             | 2025-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Campbell Soup Co                                 | Campbell Soup Co                                                                 | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33838.69     | 0.20%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0326C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    350000 | PA      | $320359.38    | 1.90%             | 2052-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS                             | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2983079 | NS      | $2983377.00   | 17.71%            |  |  |  | No            |                  1 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                         | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AH1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19620.87     | 0.12%             | 2024-11-18      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                                    | Welltower Inc                                                                    | CUSIP: 42217KBF2<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4880.14      | 0.03%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                                      | Unisys Corp                                                                      | CUSIP: 909214BV9<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2151.45      | 0.01%             | 2027-11-01      | Fixed         | 6.88%                 | 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        |      5000 | PA      | $3867.73      | 0.02%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                     | CubeSmart LP                                                                     | CUSIP: 22966RAH9<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |     10000 | PA      | $8257.63      | 0.05%             | 2028-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                 | BAT Capital Corp                                                                 | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36930.29     | 0.22%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                             | Talos Production Inc                                                             | CUSIP: 87485LAC8<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3135.00      | 0.02%             | 2026-01-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                                 | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     15000 | PA      | $14000.81     | 0.08%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                          | Broadcom Corp / Broadcom Cayman Finance Ltd                                      | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     50000 | PA      | $47333.96     | 0.28%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                                  | Tyson Foods Inc                                                                  | CUSIP: 902494AX1<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4912.07      | 0.03%             | 2024-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0204C0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    207625 | PA      | $186761.12    | 1.11%             | 2037-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VMware Inc                                       | VMware Inc                                                                       | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28229.79     | 0.17%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| COTY INC                                         | Coty Inc                                                                         | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1917.48      | 0.01%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                         | Enterprise Products Operating LLC                                                | CUSIP: 29379VBB8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9832.65      | 0.06%             | 2024-02-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                         | Devon Energy Corp                                                                | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9378.66      | 0.06%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0506C1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     25000 | PA      | $24976.56     | 0.15%             | 2052-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                       | Fiserv Inc                                                                       | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9413.63      | 0.06%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                         | Corebridge Financial Inc                                                         | CUSIP: 21871XAE9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31861.10     | 0.19%             | 2029-04-05      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                          | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AV7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $3839.72      | 0.02%             | 2025-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                | L3Harris Technologies Inc                                                        | CUSIP: 413875AW5<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9665.66      | 0.06%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                             | CUSIP: 060505FP4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9449.01      | 0.06%             | 2024-06-20      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                       | Humana Inc                                                                       | CUSIP: 444859BQ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25881.04     | 0.15%             | 2027-02-03      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                         | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556CS9<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9356.86      | 0.06%             | 2024-10-18      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                              | Elevance Health Inc                                                              | CUSIP: 036752AJ2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4764.54      | 0.03%             | 2025-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                         | Graham Packaging Co Inc                                                          | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1690.83      | 0.01%             | 2028-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PBF2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37749.43     | 0.22%             | 2025-10-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                                  | Tyson Foods Inc                                                                  | CUSIP: 902494BK8<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14511.94     | 0.09%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                | Ares Capital Corp                                                                | CUSIP: 04010LAZ6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41379.96     | 0.25%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                       | Hasbro Inc                                                                       | CUSIP: 418056AZ0<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |     55000 | PA      | $49602.73     | 0.29%             | 2029-11-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                          | MPLX LP                                                                          | CUSIP: 55336VAG5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9913.71      | 0.06%             | 2024-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                       | Leidos Inc                                                                       | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22804.29     | 0.14%             | 2030-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                              | Charles Schwab Corp/The                                                          | CUSIP: 808513BV6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9770.79      | 0.06%             | 2025-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust LP                          | Digital Realty Trust LP                                                          | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4664.21      | 0.03%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                        | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23                      | CUSIP: 61690QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $23683.61     | 0.14%             | 2050-07-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                       | Carvana Co                                                                       | CUSIP: 146869AF9<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |      3000 | PA      | $1076.73      | 0.01%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| FAIRFAX FINL HLDGS LTD                           | Fairfax Financial Holdings Ltd                                                   | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $8090.06      | 0.05%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3133GGX57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28935 | PA      | $25372.76     | 0.15%             | 2037-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                         | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5009.47      | 0.03%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                  | CVS Health Corp                                                                  | CUSIP: 126650CL2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4913.52      | 0.03%             | 2025-07-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                | Newell Brands Inc                                                                | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1540.00      | 0.01%             | 2046-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                | Kinder Morgan Inc                                                                | CUSIP: 49456BAF8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4926.08      | 0.03%             | 2025-06-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TRANE TECHNOLOGIES LUX                           | Trane Technologies Luxembourg Finance SA                                         | CUSIP: 456873AD0<br>LEI: 549300GHBOWCVY92IS29 | Long             | DBT              | CORP              | LU        |     20000 | PA      | $18543.20     | 0.11%             | 2029-03-21      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                 | Bank of Montreal                                                                 | CUSIP: 06368FAG4<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9663.43      | 0.06%             | 2024-03-08      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                         | Baxter International Inc                                                         | CUSIP: 071813CH0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9300.78      | 0.06%             | 2024-11-29      | Fixed         | 1.32%                 | No            |                  2 | On Loan: —       |
| O'Reilly Automotive Inc                          | O'Reilly Automotive Inc                                                          | CUSIP: 67103HAF4<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4751.74      | 0.03%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1934.91      | 0.01%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                           | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAL4<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4946.25      | 0.03%             | 2025-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                        | Qorvo Inc                                                                        | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26622.60     | 0.16%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GRIFOLS ESCROW ISSUER                            | Grifols Escrow Issuer SA                                                         | CUSIP: 39843UAA0<br>LEI: 959800HLB3PGTGSLVV62 | Long             | DBT              | CORP              | ES        |      5000 | PA      | $4201.90      | 0.02%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                            | General Dynamics Corp                                                            | CUSIP: 369550BK3<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9721.40      | 0.06%             | 2025-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                                    | Sempra Energy                                                                    | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27856.14     | 0.17%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                              | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2939.54      | 0.02%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                             | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |      2000 | PA      | $1675.93      | 0.01%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                              | American Tower Corp                                                              | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     25000 | PA      | $22628.94     | 0.13%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                          | Canadian Natural Resources Ltd                                                   | CUSIP: 136385AT8<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $19672.32     | 0.12%             | 2024-04-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                       | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3237.92      | 0.02%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                              | JPMorgan Chase & Co                                                              | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61253.68     | 0.36%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                     | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |      2000 | PA      | $1975.94      | 0.01%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co                          | Becton Dickinson and Co                                                          | CUSIP: 075887BV0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9766.92      | 0.06%             | 2024-06-06      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications Inc                                                       | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29165.39     | 0.17%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                         | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1890.48      | 0.01%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN                         | Teledyne Technologies Inc                                                        | CUSIP: 879360AD7<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12933.04     | 0.08%             | 2028-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                                    | Welltower Inc                                                                    | CUSIP: 95040QAD6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |     20000 | PA      | $18924.76     | 0.11%             | 2028-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                               | Conagra Brands Inc                                                               | CUSIP: 205887CC4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24413.08     | 0.14%             | 2028-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                   | Amazon.com Inc                                                                   | CUSIP: 023135CE4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9687.54      | 0.06%             | 2025-04-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      5000 | PA      | $3692.00      | 0.02%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                      | PepsiCo Inc                                                                      | CUSIP: 713448EQ7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19076.80     | 0.11%             | 2025-03-19      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    310000 | PA      | $196886.33    | 1.17%             | 2040-08-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                    | CUSIP: 097023CT0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19814.49     | 0.12%             | 2025-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                          | Digital Realty Trust LP                                                          | CUSIP: 25389JAU0<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |     30000 | PA      | $27206.27     | 0.16%             | 2029-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP                         | Holly Energy Partners LP / Holly Energy Finance Corp                             | CUSIP: 435765AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1822.32      | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS Health Corp                                                                  | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9239.64      | 0.05%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                              | Quanta Services Inc                                                              | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16624.43     | 0.10%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $76617.19     | 0.45%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Aon Corp                                         | Aon Corp                                                                         | CUSIP: 037389BC6<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23267.31     | 0.14%             | 2029-05-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                            | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2A9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4864.49      | 0.03%             | 2025-06-06      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORP                         | United States Steel Corp                                                         | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1950.80      | 0.01%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| HUGHES SATELLITE SYSTEMS                         | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4648.33      | 0.03%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| EDWARDS LIFESCIENCES COR                         | Edwards Lifesciences Corp                                                        | CUSIP: 28176EAD0<br>LEI: YA13X31F3V31L8TMPR58 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9655.41      | 0.06%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                               | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     49475 | PA      | $44945.51     | 0.27%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                             | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4733.00      | 0.03%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3133AAQB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26668 | PA      | $22072.77     | 0.13%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                  | Dollar Tree Inc                                                                  | CUSIP: 256746AH1<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19101.66     | 0.11%             | 2028-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                  | San Diego Gas & Electric Co                                                      | CUSIP: 797440BZ6<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8018.17      | 0.05%             | 2030-10-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                              | Fifth Third Bancorp                                                              | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28451.65     | 0.17%             | 2030-07-28      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| HP INC                                           | HP Inc                                                                           | CUSIP: 40434LAC9<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38802.08     | 0.23%             | 2030-06-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                              | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |     30000 | PA      | $24864.03     | 0.15%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                                                   | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52262.59     | 0.31%             | 2027-01-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     70000 | PA      | $59160.94     | 0.35%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                     | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4364.05      | 0.03%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                  | CVS Health Corp                                                                  | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34024.06     | 0.20%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RAIN CII CARBON LLC/CII                          | Rain CII Carbon LLC / CII Carbon Corp                                            | CUSIP: 75079RAC2<br>LEI: 5493002CIT11OW5J8846 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2730.12      | 0.02%             | 2025-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                                | Golub Capital BDC Inc                                                            | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12847.83     | 0.08%             | 2026-08-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $43212.89     | 0.26%             | 2044-08-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA Inc                                                                 | CUSIP: 87264ABB0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5809.23      | 0.03%             | 2025-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 31418EBD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     61339 | PA      | $53789.61     | 0.32%             | 2037-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                                  | Tyson Foods Inc                                                                  | CUSIP: 902494BJ1<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24353.97     | 0.14%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                               | Royalty Pharma PLC                                                               | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     15000 | PA      | $13445.11     | 0.08%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                         | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4787.50      | 0.03%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                            | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      3000 | PA      | $3036.75      | 0.02%             | 2027-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                   | TD SYNNEX Corp                                                                   | CUSIP: 87162WAH3<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4095.06      | 0.02%             | 2028-08-09      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                              | American Tower Corp                                                              | CUSIP: 03027XAD2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19970.74     | 0.12%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                 | Genuine Parts Co                                                                 | CUSIP: 372460AB1<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9332.44      | 0.06%             | 2025-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp                             | Southern Copper Corp                                                             | CUSIP: 84265VAH8<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14597.40     | 0.09%             | 2025-04-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                   | Lowe's Cos Inc                                                                   | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29188.59     | 0.17%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                         | First American Financial Corp                                                    | CUSIP: 31847RAH5<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11118.14     | 0.07%             | 2031-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                              | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $26589.29     | 0.16%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                             | Freeport-McMoRan Inc                                                             | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22835.73     | 0.14%             | 2030-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                         | Elanco Animal Health Inc                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1847.06      | 0.01%             | 2028-08-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                   | Lowe's Cos Inc                                                                   | CUSIP: 548661DT1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9855.74      | 0.06%             | 2025-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                              | JPMorgan Chase & Co                                                              | CUSIP: 46647PAY2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9879.73      | 0.06%             | 2024-12-05      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| AmerisourceBergen Corp                           | AmerisourceBergen Corp                                                           | CUSIP: 03073EAP0<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23458.07     | 0.14%             | 2027-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                  | Weyerhaeuser Co                                                                  | CUSIP: 962166BX1<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18342.38     | 0.11%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0126C5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     25000 | PA      | $19473.63     | 0.12%             | 2052-12-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BROADRIDGE FINANCIAL SOL                         | Broadridge Financial Solutions Inc                                               | CUSIP: 11133TAD5<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17067.43     | 0.10%             | 2029-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                            | Antero Resources Corp                                                            | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4081.37      | 0.02%             | 2029-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| STERICYCLE INC                                   | Stericycle Inc                                                                   | CUSIP: 858912AF5<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2965.20      | 0.02%             | 2024-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZH0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95321.32     | 0.57%             | 2025-01-24      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                         | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2144.01      | 0.01%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                      | Southern Co/The                                                                  | CUSIP: 842587DG9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9457.95      | 0.06%             | 2024-02-26      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                  | Rolls-Royce PLC                                                                  | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |      5000 | PA      | $4757.20      | 0.03%             | 2027-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                         | Sabine Pass Liquefaction LLC                                                     | CUSIP: 785592AM8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10024.91     | 0.06%             | 2025-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                          | Walt Disney Co/The                                                               | CUSIP: 254687FN1<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19479.27     | 0.12%             | 2025-03-24      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                           | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4770.00      | 0.03%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $230687.50    | 1.37%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                                      | Lennar Corp                                                                      | CUSIP: 526057BV5<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4900.85      | 0.03%             | 2025-05-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                           | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822AU8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     30000 | PA      | $29245.24     | 0.17%             | 2025-03-02      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0306C7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    400000 | PA      | $353979.94    | 2.10%             | 2052-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                         | International Business Machines Corp                                             | CUSIP: 459200JY8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97506.34     | 0.58%             | 2024-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                  | CUSIP: 718172CJ6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26926.01     | 0.16%             | 2029-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                     | Entergy Corp                                                                     | CUSIP: 29364GAN3<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8475.98      | 0.05%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER INVESTMENT                          | Schlumberger Investment SA                                                       | CUSIP: 806854AH8<br>LEI: 529900EZ29I5KXPV2J32 | Long             | DBT              | CORP              | LU        |      5000 | PA      | $4936.83      | 0.03%             | 2023-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I                         | Stanley Black & Decker Inc                                                       | CUSIP: 854502AP6<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9494.18      | 0.06%             | 2025-02-24      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                               | Honda Motor Co Ltd                                                               | CUSIP: 438127AA0<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |     30000 | PA      | $28481.89     | 0.17%             | 2025-03-10      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                         | Ameriprise Financial Inc                                                         | CUSIP: 03076CAK2<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9602.63      | 0.06%             | 2025-04-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                   | Sabre GLBL Inc                                                                   | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4762.50      | 0.03%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                                      | CUSIP: 694308KE6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9814.47      | 0.06%             | 2025-06-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                   | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      3000 | PA      | $2951.22      | 0.02%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                          | HCA Inc                                                                          | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9959.76      | 0.06%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                         | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1860.00      | 0.01%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                  | DTE Electric Co                                                                  | CUSIP: 23338VAN6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8680.95      | 0.05%             | 2028-04-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                      | NVIDIA Corp                                                                      | CUSIP: 67066GAL8<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9401.38      | 0.06%             | 2024-06-14      | Fixed         | 0.58%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                       | Humana Inc                                                                       | CUSIP: 444859BT8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18417.44     | 0.11%             | 2029-03-23      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                               | Union Pacific Corp                                                               | CUSIP: 907818ES3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9828.81      | 0.06%             | 2025-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                | Kinder Morgan Inc                                                                | CUSIP: 49456BAP6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29005.88     | 0.17%             | 2028-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3132CWP99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     71743 | PA      | $64758.23     | 0.38%             | 2035-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                     | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1730.42      | 0.01%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $76488.28     | 0.45%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                         | Fox Corp                                                                         | CUSIP: 35137LAG0<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9866.58      | 0.06%             | 2024-01-25      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                         | Citizens Financial Group Inc                                                     | CUSIP: 174610AT2<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     45000 | PA      | $39589.05     | 0.23%             | 2030-04-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                           | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBL3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9870.46      | 0.06%             | 2024-09-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                          | Simon Property Group LP                                                          | CUSIP: 828807DG9<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |     10000 | PA      | $9472.25      | 0.06%             | 2024-09-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | Occidental Petroleum Corp                                                        | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3285.00      | 0.02%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHIRE ACQ INV IRELAND DA                         | Shire Acquisitions Investments Ireland DAC                                       | CUSIP: 82481LAD1<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |     55000 | PA      | $51822.07     | 0.31%             | 2026-09-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                             | GrubHub Holdings Inc                                                             | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1503.75      | 0.01%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $301382.81    | 1.79%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     60000 | PA      | $50167.97     | 0.30%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | Level 3 Financing Inc                                                            | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1565.98      | 0.01%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                           | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GAW7<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |      3000 | PA      | $2975.63      | 0.02%             | 2024-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $208975.00    | 1.24%             | 2030-05-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                | Ares Capital Corp                                                                | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8527.01      | 0.05%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                      | Equinix Inc                                                                      | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |     35000 | PA      | $30688.05     | 0.18%             | 2029-11-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: —       |
| CONSTELLATION BRANDS INC                         | Constellation Brands Inc                                                         | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22160.76     | 0.13%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                          | KeyCorp                                                                          | CUSIP: 49326EEG4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28597.28     | 0.17%             | 2028-04-30      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                             | OneMain Finance Corp                                                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5812.77      | 0.03%             | 2026-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co Inc                                                  | CUSIP: 37045XDG8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9459.93      | 0.06%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                          | MPLX LP                                                                          | CUSIP: 55336VAR1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28083.66     | 0.17%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                          | Laboratory Corp of America Holdings                                              | CUSIP: 50540RAX0<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8858.92      | 0.05%             | 2026-06-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                         | AT&T Inc                                                                         | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19001.93     | 0.11%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                         | Cheniere Corpus Christi Holdings LLC                                             | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30040.60     | 0.18%             | 2027-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                         | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      3000 | PA      | $2400.00      | 0.01%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0226C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    350000 | PA      | $299386.72    | 1.78%             | 2052-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0506C5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     75000 | PA      | $74625.00     | 0.44%             | 2052-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                           | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19211.16     | 0.11%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                    | Citigroup Inc                                                                    | CUSIP: 172967JT9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78677.89     | 0.47%             | 2025-06-10      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                              | Coinbase Global Inc                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |      4000 | PA      | $2337.92      | 0.01%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    325000 | PA      | $215528.32    | 1.28%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                              | American Tower Corp                                                              | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     20000 | PA      | $18577.60     | 0.11%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                           | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2338.81      | 0.01%             | 2030-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL                            | TotalEnergies Capital International SA                                           | CUSIP: 89153VAL3<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |      5000 | PA      | $4937.56      | 0.03%             | 2024-04-10      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                       | CUSIP: 21H0426C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     71000 | PA      | $69538.40     | 0.41%             | 2052-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                         | Western Midstream Operating LP                                                   | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2445.00      | 0.01%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA Inc                                                                 | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41329.58     | 0.25%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                                      | Lennar Corp                                                                      | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19144.76     | 0.11%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                 | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1633.08      | 0.01%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                              | Abbott Laboratories                                                              | CUSIP: 002824BB5<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4846.90      | 0.03%             | 2025-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co                          | Becton Dickinson and Co                                                          | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38207.83     | 0.23%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                                                   | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27625.27     | 0.16%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                          | Blackstone Secured Lending Fund                                                  | CUSIP: 09261LAC2<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27925.76     | 0.17%             | 2026-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                  | DR Horton Inc                                                                    | CUSIP: 23331ABP3<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8334.07      | 0.05%             | 2027-10-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: —       |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0426C2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    175000 | PA      | $170324.22    | 1.01%             | 2052-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4604.95      | 0.03%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                         | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4950.00      | 0.03%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                    | DTE Energy Co                                                                    | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29538.77     | 0.18%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3132DWCC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    178552 | PA      | $153332.68    | 0.91%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 31418D6A5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24812 | PA      | $19354.98     | 0.11%             | 2051-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                       | Fiserv Inc                                                                       | CUSIP: 337738AS7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4812.58      | 0.03%             | 2024-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                         | Burlington Northern Santa Fe LLC                                                 | CUSIP: 12189LAR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9867.61      | 0.06%             | 2024-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                               | Royalty Pharma PLC                                                               | CUSIP: 78081BAJ2<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     30000 | PA      | $25425.34     | 0.15%             | 2027-09-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                             | Kraft Heinz Foods Co                                                             | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33752.61     | 0.20%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                       | goeasy Ltd                                                                       | CUSIP: 380355AD9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      2000 | PA      | $1895.00      | 0.01%             | 2024-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                           | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607HYF3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9304.77      | 0.06%             | 2024-10-18      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| QVC INC                                          | QVC Inc                                                                          | CUSIP: 747262AY9<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2252.00      | 0.01%             | 2027-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co Inc                                                  | CUSIP: 37045XCV6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18897.70     | 0.11%             | 2025-02-26      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                                                 | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    390000 | PA      | $240885.94    | 1.43%             | 2050-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                   | Amazon.com Inc                                                                   | CUSIP: 023135BW5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9439.35      | 0.06%             | 2024-05-12      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                              | American International Group Inc                                                 | CUSIP: 026874DQ7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12274.88     | 0.07%             | 2025-06-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                           | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2957.66      | 0.02%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                | Sysco Corp                                                                       | CUSIP: 871829BL0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31369.82     | 0.19%             | 2030-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                 | CUSIP: 3132D57D8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3123 | PA      | $2739.79      | 0.02%             | 2036-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UPC BROADBAND FINCO BV                           | UPC Broadband Finco BV                                                           | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |      5000 | PA      | $4275.58      | 0.03%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                               | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     28853 | PA      | $28275.38     | 0.17%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-29

**Name of Applicant:** iShares Trust

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer