# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0001410368-26-031712
**Filing Date:** 2026-3
**Character Count:** 225511
**Document Hash:** b8dfe5840c1497121fe5a04655f86532
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-031712.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-031712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares U.S. ETF Trust
- **CENTRAL INDEX KEY:** 0001524513

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22649
- **FILM NUMBER:** 26795878

**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

## Series and Classes Contracts Data

### iShares Ultra Short Duration Bond Active ETF (Series ID: S000040474)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000125661 | iShares Ultra Short Duration Bond Active ETF | ICSH            |

## Nport-Ex

Schedule of Investments (unaudited)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; American Express Credit Account Master Trust, <br> 4.30%, 07/15/30<br>| &nbsp;&nbsp;&nbsp; $11400 | $11536802 |
| BA Credit Card Trust, 4.31%, 05/15/30 | &nbsp;&nbsp;&nbsp; 22264 | 22513335 |
| BMW Vehicle Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.94%, 11/26/27 | &nbsp;&nbsp;&nbsp; 24144 | 24153793 |
| &nbsp;&nbsp;&nbsp; 4.01%, 11/26/27, (30-day Avg SOFR + 0.31%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17713 | 17715234 |
| &nbsp;&nbsp;&nbsp; 4.43%, 09/27/27 | &nbsp;&nbsp;&nbsp; 20005 | 20066719 |
| &nbsp;&nbsp;&nbsp; BMW Vehicle Owner Trust, 4.00%, <br> 10/25/27, (30-day Avg SOFR + 0.30%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5652 | 5652128 |
| CNH Equipment Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.82%, 06/15/29 | &nbsp;&nbsp;&nbsp; 33071 | 33068540 |
| &nbsp;&nbsp;&nbsp; 4.04%, 08/15/28, (30-day Avg SOFR + 0.33%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11908 | 11906287 |
| &nbsp;&nbsp;&nbsp; 4.11%, 10/15/27, (30-day Avg SOFR + 0.40%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 430 | 430149 |
| &nbsp;&nbsp;&nbsp; 5.42%, 10/15/27 | &nbsp;&nbsp;&nbsp; 492 | 492622 |
| CNH Equipment Trust 2025-B |  |  |
| &nbsp;&nbsp;&nbsp; 4.04%, 11/15/28 | &nbsp;&nbsp;&nbsp; 9206 | 9207683 |
| &nbsp;&nbsp;&nbsp; 4.37%, 11/15/28 | &nbsp;&nbsp;&nbsp; 7306 | 7328703 |
| Ford Credit Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.83%, 08/15/28 | &nbsp;&nbsp;&nbsp; 12107 | 12113948 |
| &nbsp;&nbsp;&nbsp; 4.12%, 08/15/27, (30-day Avg SOFR + 0.41%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4717 | 4717516 |
| &nbsp;&nbsp;&nbsp; 4.37%, 03/15/28 | &nbsp;&nbsp;&nbsp; 20430 | 20478894 |
| &nbsp;&nbsp;&nbsp; 5.18%, 02/15/27 | &nbsp;&nbsp;&nbsp; 91 | 90997 |
| Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.99%, 09/15/28 | &nbsp;&nbsp;&nbsp; 11753 | 11768592 |
| &nbsp;&nbsp;&nbsp; 4.07%, 09/15/28, (30-day Avg SOFR + 0.36%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11173 | 11176725 |
| &nbsp;&nbsp;&nbsp; 4.12%, 12/15/27, (30-day Avg SOFR + 0.41%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9171 | 9178087 |
| &nbsp;&nbsp;&nbsp; 4.59%, 10/15/27 | &nbsp;&nbsp;&nbsp; 5693 | 5703690 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/15/27 | &nbsp;&nbsp;&nbsp; 739 | 740148 |
| Honda Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.04%, 06/15/28 | &nbsp;&nbsp;&nbsp; 11396 | 11424893 |
| &nbsp;&nbsp;&nbsp; 4.09%, 06/15/28, (30-day Avg SOFR + 0.38%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12280 | 12297926 |
| &nbsp;&nbsp;&nbsp; 4.19%, 01/18/28, (30-day Avg SOFR + 0.48%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12320 | 12332122 |
| &nbsp;&nbsp;&nbsp; 4.30%, 01/18/28 | &nbsp;&nbsp;&nbsp; 21523 | 21566476 |
| &nbsp;&nbsp;&nbsp; 4.56%, 03/15/27 | &nbsp;&nbsp;&nbsp; 1372 | 1373395 |
| Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 05/15/28, (30-day Avg SOFR + <br> 0.36%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 12530 | 12531368 |
| &nbsp;&nbsp;&nbsp; 3.85%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 26825 | 26837503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 09/15/27, (30-day Avg SOFR + <br> 0.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3516 | 3522323 |
| &nbsp;&nbsp;&nbsp; 4.58%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7956 | 7987174 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12833 | 12863779 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Lease Securitization Trust 2025-C, <br> 4.37%, 01/18/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6294 | 6315582 |
| Hyundai Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.97%, 07/17/28 | &nbsp;&nbsp;&nbsp; 15061 | 15076725 |
| &nbsp;&nbsp;&nbsp; 4.03%, 11/15/28 | &nbsp;&nbsp;&nbsp; 13291 | 13318142 |
| &nbsp;&nbsp;&nbsp; 4.05%, 12/15/27, (30-day Avg SOFR + 0.34%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8515 | 8518783 |
| &nbsp;&nbsp;&nbsp; 4.08%, 06/15/27, (30-day Avg SOFR + 0.37%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1127 | 1126618 |
| &nbsp;&nbsp;&nbsp; 4.09%, 11/15/28, (30-day Avg SOFR + 0.38%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14638 | 14648318 |
| &nbsp;&nbsp;&nbsp; 4.33%, 12/15/27 | &nbsp;&nbsp;&nbsp; 8646 | 8659123 |
| &nbsp;&nbsp;&nbsp; 4.45%, 08/15/28 | &nbsp;&nbsp;&nbsp; 31570 | 31661013 |
| &nbsp;&nbsp;&nbsp; 4.53%, 09/15/27 | &nbsp;&nbsp;&nbsp; 4569 | 4574900 |
| Nissan Auto Lease Trust, 4.60%, 11/15/27 | &nbsp;&nbsp;&nbsp; 15341 | 15391398 |
| Nissan Auto Lease Trust 2025-B, 4.44%, 03/15/28 | &nbsp;&nbsp;&nbsp; 20070 | 20150782 |
| Nissan Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/17/28 | &nbsp;&nbsp;&nbsp; 14126 | 14151952 |
| &nbsp;&nbsp;&nbsp; 4.09%, 07/17/28, (30-day Avg SOFR + 0.38%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8921 | 8928372 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28 | &nbsp;&nbsp;&nbsp; 28476 | 28559474 |
| &nbsp;&nbsp;&nbsp; 4.51%, 06/15/27 | &nbsp;&nbsp;&nbsp; 3228 | 3231254 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Porsche Financial Auto Securitization Trust, 4.45%, <br> 01/24/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; $167 | $167305 |
| &nbsp;&nbsp;&nbsp; Porsche Innovative Lease Owner Trust, 4.60%, <br> 12/20/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 15705 | 15756904 |
| Toyota Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 12/15/28 | &nbsp;&nbsp;&nbsp; 24379 | 24388252 |
| &nbsp;&nbsp;&nbsp; 3.89%, 08/15/28 | &nbsp;&nbsp;&nbsp; 13308 | 13320919 |
| &nbsp;&nbsp;&nbsp; 4.03%, 08/15/28, (30-day Avg SOFR + 0.32%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9445 | 9449588 |
| &nbsp;&nbsp;&nbsp; 4.03%, 12/15/28, (30-day Avg SOFR + 0.33%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7734 | 7735487 |
| &nbsp;&nbsp;&nbsp; 4.11%, 03/15/30 | &nbsp;&nbsp;&nbsp; 40402 | 40651426 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/28, (30-day Avg SOFR + 0.54%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10708 | 10718734 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/16/27 | &nbsp;&nbsp;&nbsp; 1646 | 1647889 |
| Toyota Lease Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.91%, 05/22/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13370 | 13390173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 05/22/28, (30-day Avg SOFR + <br> 0.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4531 | 4533259 |
| USAA Auto Owner Trust, 3.98%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10735 | 10741684 |
| Volkswagen Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.97%, 04/20/28 | &nbsp;&nbsp;&nbsp; 7189 | 7196779 |
| &nbsp;&nbsp;&nbsp; 4.07%, 04/20/28, (30-day Avg SOFR + 0.37%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6524 | 6530500 |
| **Total Asset-Backed Securities — 10.5%** <br>**(Cost: $721,705,178)** | **Total Asset-Backed Securities — 10.5%** <br>**(Cost: $721,705,178)** | 723318886 |
| **Certificates of Deposit** | **Certificates of Deposit** | **Certificates of Deposit** |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.78%, 10/05/26 | &nbsp;&nbsp;&nbsp; 36800 | 36802289 |
| &nbsp;&nbsp;&nbsp; 3.89%, 03/05/26, (1-day SOFR + 0.25%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 35500 | 35504643 |
| &nbsp;&nbsp;&nbsp; 4.15%, 06/04/26 | &nbsp;&nbsp;&nbsp; 35210 | 35246661 |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/13/26 | &nbsp;&nbsp;&nbsp; 13060 | 13082078 |
| &nbsp;&nbsp;&nbsp; 4.44%, 05/26/26 | &nbsp;&nbsp;&nbsp; 12250 | 12271317 |
| Bank of America N.A |  |  |
| &nbsp;&nbsp;&nbsp; 3.79%, 08/24/26 | &nbsp;&nbsp;&nbsp; 17930 | 17928680 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/02/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22820 | 22821219 |
| &nbsp;&nbsp;&nbsp; 4.06%, 05/06/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6300 | 6304700 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 08/25/26, (1-day SOFR + 0.40%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22070 | 22089398 |
| &nbsp;&nbsp;&nbsp; 4.12%, 05/20/26, (1-day SOFR + 0.24%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 25000 | 25022296 |
| Barclays Bank PLC/New York |  |  |
| &nbsp;&nbsp;&nbsp; 3.97%, 08/10/26, (1-day SOFR + 0.33%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21500 | 21504048 |
| &nbsp;&nbsp;&nbsp; 4.08%, 04/21/26, (1-day SOFR + 0.44%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15000 | 15009747 |
| BNP Paribas SA, 4.55%, 02/19/26 | &nbsp;&nbsp;&nbsp; 20000 | 20007800 |
| BNP Paribas/New York, 3.80%, 07/13/26 | &nbsp;&nbsp;&nbsp; 4500 | 4500164 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/05/27 | &nbsp;&nbsp;&nbsp; 47990 | 47971106 |
| &nbsp;&nbsp;&nbsp; 3.80%, 01/11/27 | &nbsp;&nbsp;&nbsp; 21500 | 21500729 |
| &nbsp;&nbsp;&nbsp; 3.95%, 02/09/26, (1-day SOFR + 0.30%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 28500 | 28501827 |
| &nbsp;&nbsp;&nbsp; 4.12%, 05/21/26, (1-day SOFR + 0.47%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5000 | 5005109 |
| &nbsp;&nbsp;&nbsp; Citibank N.A., 4.03%, 03/27/26, (1-day SOFR + <br> 0.39%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 22820 | 22830659 |
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA/New York, 3.80%, <br> 11/16/26<br>| &nbsp;&nbsp;&nbsp; 60020 | 60044356 |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank/New York<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.18%, 05/26/26 | &nbsp;&nbsp;&nbsp; 18620 | 18643597 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/31/26 | &nbsp;&nbsp;&nbsp; 30000 | 30079788 |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial/New York, 4.44%, <br> 05/12/26<br>| &nbsp;&nbsp;&nbsp; 28500 | 28542439 |
| Deutsche Bank AG/New York NY |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/17/26 | &nbsp;&nbsp;&nbsp; 7930 | 7930651 |
| &nbsp;&nbsp;&nbsp; 3.93%, 12/08/26 | &nbsp;&nbsp;&nbsp; 14630 | 14637562 |
| &nbsp;&nbsp;&nbsp; 4.06%, 02/05/27, (1-day SOFR + 0.41%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17000 | 17004405 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; 4.31%, 04/23/26, (1-day SOFR + 0.33%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $19000 | $19006350 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/17/26 | &nbsp;&nbsp;&nbsp; 22030 | 22082330 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Bank USA/New York, 3.98%, <br> 05/13/26<br>| &nbsp;&nbsp;&nbsp; 11500 | 11505293 |
| Intesa Sanpaolo SpA, 4.05%, 05/14/26 | &nbsp;&nbsp;&nbsp; 17000 | 17006749 |
| KEB Hana Bank, 4.59%, 03/05/26 | &nbsp;&nbsp;&nbsp; 20190 | 20202183 |
| Korea Development Bank (The), 4.40%, 03/02/26 | &nbsp;&nbsp;&nbsp; 22750 | 22761623 |
| Lloyds Bank, 4.41%, 05/15/26 | &nbsp;&nbsp;&nbsp; 25705 | 25745473 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Trust & Banking Corp./New York, <br> 3.96%, 03/03/26, (1-day SOFR + 0.31%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 25000 | 25004743 |
| Mizuho Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.98%, 02/18/26, (1-day SOFR + 0.34%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21000 | 21002816 |
| &nbsp;&nbsp;&nbsp; 4.29%, 03/11/26, (1-day SOFR + 0.32%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 39160 | 39168615 |
| MUFG Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 07/15/26 | &nbsp;&nbsp;&nbsp; 8690 | 8692180 |
| &nbsp;&nbsp;&nbsp; 4.46%, 02/27/26 | &nbsp;&nbsp;&nbsp; 15000 | 15008318 |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait/New York NY, 4.05%, <br> 01/25/27<br>| &nbsp;&nbsp;&nbsp; 34085 | 34098378 |
| Natixis SA/New York NY |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/16/26 | &nbsp;&nbsp;&nbsp; 17000 | 17037545 |
| &nbsp;&nbsp;&nbsp; 4.43%, 05/13/26 | &nbsp;&nbsp;&nbsp; 35970 | 36022624 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp/New York, 3.90%, <br> 03/17/26, (1-day SOFR + 0.25%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 12910 | 12913251 |
| Royal Bank of Canada, 3.74%, 10/05/26 | &nbsp;&nbsp;&nbsp; 27690 | 27690969 |
| Standard Chartered Bank/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.07%, 02/05/27, (1-day SOFR + 0.42%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19600 | 19603241 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/11/26 | &nbsp;&nbsp;&nbsp; 25270 | 25276355 |
| &nbsp;&nbsp;&nbsp; State Street Bank & Trust Co., 3.89%, <br> 05/27/26, (1-day SOFR + 0.25%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 31000 | 31007496 |
| Sumitomo Mitsui Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/26, (1-day SOFR + 0.23%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 20250 | 20254670 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/10/26 | &nbsp;&nbsp;&nbsp; 11650 | 11656684 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc., 4.43%, <br> 03/04/26<br>| &nbsp;&nbsp;&nbsp; 33620 | 33636440 |
| Svenska Handelsbanken AB, 3.82%, 09/15/26 | &nbsp;&nbsp;&nbsp; 51100 | 51119735 |
| Svenska Handelsbanken/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.02%, 04/30/26, (1-day SOFR + 0.38%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8020 | 8025368 |
| &nbsp;&nbsp;&nbsp; 4.04%, 04/22/26, (1-day SOFR + 0.40%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19250 | 19261852 |
| Toronto-Dominion Bank/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.04%, 09/04/26, (1-day SOFR + 0.40%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29200 | 29228641 |
| &nbsp;&nbsp;&nbsp; 4.04%, 12/31/26, (1-day SOFR + 0.40%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10500 | 10508206 |
| &nbsp;&nbsp;&nbsp; 4.09%, 05/04/26, (1-day SOFR + 0.45%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7720 | 7725634 |
| &nbsp;&nbsp;&nbsp; 4.54%, 03/04/26 | &nbsp;&nbsp;&nbsp; 8320 | 8324673 |
| **Total Certificates of Deposit — 18.0%** <br>**(Cost: $1,240,630,000)** | **Total Certificates of Deposit — 18.0%** <br>**(Cost: $1,240,630,000)** | 1241365703 |
| **Commercial Paper** | **Commercial Paper** | **Commercial Paper** |
| American Honda Finance Corp., 3.88%, 03/09/26 | &nbsp;&nbsp;&nbsp; 21000 | 20914377 |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide, Inc., 3.89%, <br> 05/04/26<br>| &nbsp;&nbsp;&nbsp; 11830 | 11711025 |
| ANZ New Zealand International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 05/11/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17500 | 17322604 |
| &nbsp;&nbsp;&nbsp; 3.68%, 02/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 26940 | 26890576 |
| &nbsp;&nbsp;&nbsp; 3.76%, 06/04/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 32390 | 31972192 |
| Bank of Montreal, 3.74%, 06/15/26 | &nbsp;&nbsp;&nbsp; 15000 | 14790900 |
| Bank of New Zealand, 3.73%, 08/12/26 | &nbsp;&nbsp;&nbsp; 14000 | 13724225 |
| Bank of Nova Scotia (The), 3.78%, 03/03/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 30000 | 29899560 |
| BofA Securities, Inc., 3.80%, 06/05/26 | &nbsp;&nbsp;&nbsp; 35130 | 34668919 |
| BPCE SA, 3.72%, 03/03/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 19110 | 19046956 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Britannia Funding Co. LLC, 4.01%, 07/30/26, (1-day <br> SOFR + 0.34%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $6730 | $6730203 |
| &nbsp;&nbsp;&nbsp; Brookfield BRP Holdings Canada, Inc., 3.88%, <br> 03/06/26<br>| &nbsp;&nbsp;&nbsp; 2180 | 2171808 |
| &nbsp;&nbsp;&nbsp; Brookfield Corporate Treasury Ltd., 3.96%, <br> 03/26/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 17270 | 17166176 |
| Bunge Ltd. Finance Corp., 3.91%, 03/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7580 | 7548811 |
| Cabot Trail Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15050 | 14990586 |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/26/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 14710 | 14626099 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, 3.70%, <br> 02/12/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 8820 | 8808238 |
| CDP Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.73%, 03/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 32000 | 31874368 |
| &nbsp;&nbsp;&nbsp; 3.74%, 09/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25000 | 24421450 |
| &nbsp;&nbsp;&nbsp; 3.74%, 10/05/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20000 | 19497478 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc., 3.75%, <br> 03/20/26, (1-day SOFR + 0.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5680 | 5681492 |
| &nbsp;&nbsp;&nbsp; Collateralized Commercial Paper V Co. LLC, 3.80%, <br> 05/20/26, (1-day SOFR + 0.30%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 29720 | 29720000 |
| &nbsp;&nbsp;&nbsp; Concord Minutemen Capital Co. LLC, 3.79%, <br> 03/02/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13620 | 13575659 |
| Danske Bank A/S |  |  |
| &nbsp;&nbsp;&nbsp; 3.77%, 05/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 9891135 |
| &nbsp;&nbsp;&nbsp; 3.77%, 08/03/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20500 | 20110391 |
| &nbsp;&nbsp;&nbsp; 3.77%, 10/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 23600 | 22943250 |
| DNB Bank ASA |  |  |
| &nbsp;&nbsp;&nbsp; 3.69%, 05/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 22485 | 22277189 |
| &nbsp;&nbsp;&nbsp; 3.72%, 10/05/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 18200 | 17744936 |
| &nbsp;&nbsp;&nbsp; 3.73%, 07/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20000 | 19631808 |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.89%, 03/04/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 16910 | 16849904 |
| &nbsp;&nbsp;&nbsp; 3.89%, 03/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10535 | 10488579 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.92%, 02/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 37840 | 37766042 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/04/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 28920 | 28815764 |
| GTA Funding LLC, 3.79%, 07/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15570 | 15323309 |
| Helvetica Funding Co. LLC, 3.76%, 04/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12000 | 11890586 |
| &nbsp;&nbsp;&nbsp; HSBC Bank PLC, 3.74%, 02/24/26, (1-day SOFR + <br> 0.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 8000 | 8001121 |
| HSBC USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.78%, 02/03/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 23000 | 22990351 |
| &nbsp;&nbsp;&nbsp; 3.86%, 08/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12410 | 12154287 |
| &nbsp;&nbsp;&nbsp; 3.87%, 05/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 47700 | 47148030 |
| &nbsp;&nbsp;&nbsp; 3.87%, 06/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 16000 | 15779290 |
| &nbsp;&nbsp;&nbsp; 3.87%, 10/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5500 | 5355009 |
| &nbsp;&nbsp;&nbsp; 3.87%, 11/05/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 11000 | 10679541 |
| &nbsp;&nbsp;&nbsp; 3.89%, 12/23/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13990 | 13512958 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp; 3.74%, 02/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25000 | 24992212 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/10/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 4740 | 4704347 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.74%, 07/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20000 | 19634940 |
| &nbsp;&nbsp;&nbsp; 3.98%, 10/06/26, (1-day SOFR + 0.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 16660 | 16660756 |
| Intrepid Funding Co. LLC, 3.77%, 04/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20250 | 20061169 |
| Ionic Funding LLC, 3.72%, 02/03/26 | &nbsp;&nbsp;&nbsp; 6440 | 6437337 |
| Korea Development Bank (The), 3.73%, 03/23/26 | &nbsp;&nbsp;&nbsp; 15000 | 14919616 |
| Lime Funding LLC, 3.69%, 02/05/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 40000 | 39975420 |
| &nbsp;&nbsp;&nbsp; Lloyds Bank Corporate Markets PLC, 3.72%, <br> 05/14/26<br>| &nbsp;&nbsp;&nbsp; 16490 | 16314598 |
| Lloyds Bank PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.71%, 05/04/26 | &nbsp;&nbsp;&nbsp; 10000 | 9903989 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; 3.72%, 05/11/26 | &nbsp;&nbsp;&nbsp; $27000 | $26721203 |
| &nbsp;&nbsp;&nbsp; 3.76%, 07/02/26 | &nbsp;&nbsp;&nbsp; 33230 | 32706893 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.73%, 03/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6560 | 6527550 |
| &nbsp;&nbsp;&nbsp; 3.74%, 04/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6500 | 6439794 |
| &nbsp;&nbsp;&nbsp; 3.74%, 05/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6250 | 6179948 |
| &nbsp;&nbsp;&nbsp; 3.78%, 07/20/26 | &nbsp;&nbsp;&nbsp; 4750 | 4666203 |
| &nbsp;&nbsp;&nbsp; 3.79%, 09/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 28610 | 27933082 |
| &nbsp;&nbsp;&nbsp; 3.79%, 09/24/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 24000 | 23415242 |
| Macquarie Group Ltd., 3.90%, 05/04/26 | &nbsp;&nbsp;&nbsp; 8880 | 8790399 |
| Mitsubishi HC Finance America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.93%, 03/16/26 | &nbsp;&nbsp;&nbsp; 15970 | 15891846 |
| &nbsp;&nbsp;&nbsp; 3.93%, 03/23/26 | &nbsp;&nbsp;&nbsp; 12990 | 12916586 |
| MUFG Bank Ltd., 3.76%, 06/02/26 | &nbsp;&nbsp;&nbsp; 22510 | 22224384 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., 3.74%, <br> 03/17/26, (1-day SOFR + 0.25%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 16190 | 16193207 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; 3.74%, 07/29/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15500 | 15215575 |
| &nbsp;&nbsp;&nbsp; 3.74%, 08/03/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 35000 | 34340211 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/04/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 32670 | 32250282 |
| &nbsp;&nbsp;&nbsp; 4.02%, 01/13/27, (1-day SOFR + 0.35%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 9950 | 9953751 |
| &nbsp;&nbsp;&nbsp; 4.06%, 12/29/26, (1-day SOFR + 0.40%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 35810 | 35824869 |
| &nbsp;&nbsp;&nbsp; National Bank of Kuwait/New York NY, 3.78%, <br> 03/30/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 34000 | 33790485 |
| Nationwide Building Society, 3.71%, 03/25/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13050 | 12977690 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 3.88%, <br> 03/05/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 16750 | 16688874 |
| NTT Finance Americas, Inc., 3.85%, 02/25/26 | &nbsp;&nbsp;&nbsp; 17565 | 17516319 |
| Overwatch Bravo Funding LLC, 3.76%, 03/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13250 | 13183962 |
| Penske Truck Leasing Co. LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.87%, 02/02/26 | &nbsp;&nbsp;&nbsp; 20095 | 20088523 |
| &nbsp;&nbsp;&nbsp; 4.06%, 03/27/26 | &nbsp;&nbsp;&nbsp; 8350 | 8297603 |
| &nbsp;&nbsp;&nbsp; Protective Life Short Term Funding LLC, 3.76%, <br> 08/26/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 8250 | 8074587 |
| Pure Grove Funding |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 02/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13780 | 13765851 |
| &nbsp;&nbsp;&nbsp; 3.74%, 02/25/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17050 | 17004122 |
| &nbsp;&nbsp;&nbsp; 3.77%, 09/10/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 32500 | 31758090 |
| Reliance Funding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.69%, 02/05/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 29040 | 29022155 |
| &nbsp;&nbsp;&nbsp; 3.79%, 04/21/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 34405 | 34113934 |
| Ridgefield Funding Co. LLC, 3.74%, 02/27/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17171 | 17121213 |
| Royal Bank of Canada, 3.76%, 05/27/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15000 | 14818918 |
| Salisbury Receivables Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.71%, 02/11/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 65000 | 64919816 |
| &nbsp;&nbsp;&nbsp; 3.78%, 06/04/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 11250 | 11104427 |
| Skandinaviska Enskilda Banken AB |  |  |
| &nbsp;&nbsp;&nbsp; 3.72%, 05/27/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 24870 | 24572716 |
| &nbsp;&nbsp;&nbsp; 3.74%, 04/22/26, (1-day SOFR + 0.40%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 20350 | 20363622 |
| Telstra Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.79%, 03/18/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25830 | 25702710 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/30/26 | &nbsp;&nbsp;&nbsp; 12210 | 12088968 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank/New York, 3.75%, <br> 12/10/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 8830 | 8550276 |
| Union Electric Co., 3.74%, 02/02/26 | &nbsp;&nbsp;&nbsp; 20000 | 19993772 |
| Verto Capital I Compartment A, 3.71%, 02/11/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 18000 | 17977795 |
| Verto Capital I Compartment D, 3.71%, 02/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8785 | 8772342 |
| VW Credit, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 02/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12000 | 11974384 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/05/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 21130 | 21052890 |
| &nbsp;&nbsp;&nbsp; 3.89%, 03/20/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15460 | 15378487 |
| &nbsp;&nbsp;&nbsp; 3.91%, 07/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10310 | 10142464 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Western Union Co.(The), 3.76%, 02/06/26 | &nbsp;&nbsp;&nbsp; $14000 | $13989765 |
| Westpac Banking Corp., 3.76%, 09/08/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 37040 | 36204607 |
| Westpac Securities NZ Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.74%, 10/27/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 33000 | 32099100 |
| &nbsp;&nbsp;&nbsp; 3.78%, 09/18/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 18700 | 18257231 |
| Wisconsin Public Service Corp., 3.78%, 02/05/26 | &nbsp;&nbsp;&nbsp; 20000 | 19987404 |
| **Total Commercial Paper — 28.6%** <br>**(Cost: $1,979,685,053)** | **Total Commercial Paper — 28.6%** <br>**(Cost: $1,979,685,053)** | 1980257693 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** |
| General Dynamics Corp., 3.50%, 04/01/27 | &nbsp;&nbsp;&nbsp; 6265 | 6253869 |
| RTX Corp., 5.00%, 02/27/26 | &nbsp;&nbsp;&nbsp; 5590 | 5591238 |
|  |  | 11845107 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| Philip Morris International, Inc., 3.88%, 10/27/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 21960 | 21931533 |
| **Auto Manufacturers — 4.8%** | **Auto Manufacturers — 4.8%** | **Auto Manufacturers — 4.8%** |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.31%, 05/21/26, (1-day SOFR + 0.55%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10955 | 10963326 |
| &nbsp;&nbsp;&nbsp; 4.32%, 07/15/26, (1-day SOFR + 0.65%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 7500 | 7511554 |
| &nbsp;&nbsp;&nbsp; 4.39%, 10/05/26, (1-day SOFR Index + 0.72%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 10026200 |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/05/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 13820 | 13869156 |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 08/13/26, (1-day SOFR Index + <br> 0.80%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13660 | 13701241 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5695 | 5717025 |
| Daimler Truck Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 14260 | 14259286 |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/12/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 9085 | 9128675 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8705 | 8840711 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10660 | 10779528 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 26475 | 26530941 |
| &nbsp;&nbsp;&nbsp; 4.30%, 09/24/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13825 | 13862965 |
| &nbsp;&nbsp;&nbsp; 4.71%, 09/24/27, (1-day SOFR + 1.03%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 13825 | 13886831 |
| &nbsp;&nbsp;&nbsp; 4.80%, 06/23/27, (1-day SOFR + 1.12%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15375 | 15487771 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/25/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 14215 | 14341904 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/08/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12500 | 12651309 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/24/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8765 | 8814939 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/21/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15400 | 15589593 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC, 4.88%, <br> 07/31/26<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 13690 | 13759802 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.12%, 04/10/26, (1-day SOFR Index + 0.45%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13670 | 13677792 |
| &nbsp;&nbsp;&nbsp; 4.35%, 10/08/27 | &nbsp;&nbsp;&nbsp; 13670 | 13803106 |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/15/26 | &nbsp;&nbsp;&nbsp; 13955 | 14012182 |
| &nbsp;&nbsp;&nbsp; Series B, 3.75%, 01/12/28 | &nbsp;&nbsp;&nbsp; 20000 | 20007002 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 18010 | 18067527 |
| &nbsp;&nbsp;&nbsp; 4.51%, 03/20/26, (1-day SOFR + 0.83%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 14160 | 14166553 |
|  |  | 333456919 |
| **Banks — 11.4%** | **Banks — 11.4%** | **Banks — 11.4%** |
| &nbsp;&nbsp;&nbsp; ANZ New Zealand International Ltd., 4.00%, <br> 01/22/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 9830 | 9838989 |
| ASB Bank Ltd., 5.35%, 06/15/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13000 | 13066345 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/18/27 | &nbsp;&nbsp;&nbsp; 15240 | 15380701 |
| &nbsp;&nbsp;&nbsp; Series A, 3.92%, 12/08/28 | &nbsp;&nbsp;&nbsp; 11715 | 11755858 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The), 4.44%, <br> 06/09/28, (1-day SOFR + 0.68%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $5610 | $5652011 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel SA, 5.09%, <br> 01/23/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 15260 | 15441000 |
| BPCE SA, 5.20%, 01/18/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 9455 | 9576806 |
| Citibank N.A. |  |  |
| &nbsp;&nbsp;&nbsp; 4.52%, 08/06/26, (1-day SOFR + 0.71%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 8400 | 8416884 |
| &nbsp;&nbsp;&nbsp; 5.49%, 12/04/26 | &nbsp;&nbsp;&nbsp; 15380 | 15576211 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia, 4.20%, 11/27/26, <br> (1-day SOFR + 0.46%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13900 | 13946351 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia/New York, 4.42%, <br> 03/14/28<br>| &nbsp;&nbsp;&nbsp; 14015 | 14209964 |
| Cooperatieve Rabobank UA/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.37%, 05/27/27 | &nbsp;&nbsp;&nbsp; 45780 | 46153813 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/21/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 26305 | 26885551 |
| Goldman Sachs Bank USA/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/18/27, (1-day SOFR + 0.77%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14180 | 14189237 |
| &nbsp;&nbsp;&nbsp; 5.28%, 03/18/27, (1-day SOFR + 0.78%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14180 | 14201657 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The), 4.15%, 01/21/29, <br> (1-day SOFR + 0.71%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 17000 | 17011802 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., 1.58%, 04/22/27, (1-day <br> SOFR + 0.89%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 26260 | 26119868 |
| JPMorgan Chase Bank N.A., 5.11%, 12/08/26 | &nbsp;&nbsp;&nbsp; 12000 | 12127935 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.92%, 02/03/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25970 | 26020329 |
| &nbsp;&nbsp;&nbsp; 5.39%, 12/07/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 6210 | 6291843 |
| Morgan Stanley Private Bank N.A. |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 11/17/28, (1-day SOFR +0.78%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 26465 | 26538549 |
| &nbsp;&nbsp;&nbsp; 4.47%, 07/06/28, (1-day SOFR + 0.77%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4710 | 4740071 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., 4.20%, 03/06/28, <br> (1-day SOFR + 0.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13400 | 13418763 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd./New York, 4.31%, <br> 06/13/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 12095 | 12232245 |
| &nbsp;&nbsp;&nbsp; National Securities Clearing Corp., 4.35%, <br> 05/20/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 26590 | 26786095 |
| NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.17%, 11/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 32250 | 32335581 |
| &nbsp;&nbsp;&nbsp; 4.79%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 22400 | 22766402 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp, 4.38%, 03/17/28, (1-day SOFR + <br> 0.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 11765 | 11825210 |
| &nbsp;&nbsp;&nbsp; PNC Bank N.A., 4.54%, 05/13/27, (1-day SOFR + <br> 0.63%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 22560 | 22590000 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The), 4.08%, <br> 01/26/29, (1-day SOFR + 0.61%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 23950 | 23983744 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, 4.38%, <br> 06/02/28<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 30540 | 30881934 |
| &nbsp;&nbsp;&nbsp; State Street Bank & Trust Co., 4.22%, 11/25/26, <br> (1-day SOFR + 0.46%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 5720 | 5732011 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc., 4.11%, <br> 01/15/29<br>| &nbsp;&nbsp;&nbsp; 12965 | 12968554 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13820 | 13937739 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/14/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 12000 | 12123825 |
| Svenska Handelsbanken AB, 4.38%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12460 | 12600189 |
| Truist Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 07/24/28, (1-day SOFR + 0.77%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 36315 | 36518378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series I, 4.14%, 01/27/29, (1-day SOFR + <br> 0.66%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 12430 | 12444067 |
| UBS AG/Stamford CT |  |  |
| &nbsp;&nbsp;&nbsp; 4.86%, 01/10/28, (1-day SOFR + 0.72%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 16755 | 16901225 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 4.28%, 05/17/27, (1-day SOFR + <br> 0.500%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $49020 | $49082201 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd., 4.25%, 04/02/28, (1-day <br> SOFR Index + 0.58%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 14125 | 14163420 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 01/24/28, (1-day SOFR + 0.78%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13160 | 13193718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series W, 4.90%, 01/24/28, (1-day SOFR + <br> 0.78%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 9200 | 9277697 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp., 4.20%, 03/06/28, (1-day <br> SOFR + 0.50%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13570 | 13592198 |
| Westpac New Zealand Ltd., 4.13%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12155 | 12192147 |
|  |  | 784689118 |
| **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |
| PayPal Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/06/28, (1-day SOFR + 0.67%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 10625 | 10657134 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/06/28 | &nbsp;&nbsp;&nbsp; 6610 | 6680694 |
|  |  | 17337828 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Accenture Capital, Inc., 3.90%, 10/04/27 | &nbsp;&nbsp;&nbsp; 9390 | 9431422 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp., 3.30%, <br> 05/15/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 27435 | 27397446 |
|  |  | 36828868 |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| Mitsubishi Corp., 4.00%, 09/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5660 | 5654876 |
| **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** |
| &nbsp;&nbsp;&nbsp; American Express Co., 4.42%, 04/23/27, (1-day <br> SOFR + 0.75%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 13960 | 13967210 |
| CDP Financial, Inc., 4.50%, 02/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 9219 | 9220714 |
| Equitable America Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 4530 | 4523304 |
| &nbsp;&nbsp;&nbsp; 4.30%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 46820 | 47020546 |
| &nbsp;&nbsp;&nbsp; 4.39%, 09/15/27, (1-day SOFR + 0.71%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 16395 | 16420822 |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 22850 | 23115205 |
| USAA Capital Corp., 4.38%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15395 | 15570635 |
|  |  | 129838436 |
| **Electric — 1.0%** | **Electric — 1.0%** | **Electric — 1.0%** |
| DTE Electric Co., 4.25%, 05/14/27 | &nbsp;&nbsp;&nbsp; 1880 | 1893277 |
| Florida Power & Light Co., 4.45%, 05/15/26 | &nbsp;&nbsp;&nbsp; 7965 | 7977067 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/10/27 | &nbsp;&nbsp;&nbsp; 13545 | 13575287 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/30/26, (1-day SOFR + 0.33%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 16125 | 16145477 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/07/28 | &nbsp;&nbsp;&nbsp; 6125 | 6218129 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.69%, 09/01/27 | &nbsp;&nbsp;&nbsp; 9825 | 9937419 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/04/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 10270 | 10452970 |
|  |  | 66199626 |
| **Electronics — 0.7%** | **Electronics — 0.7%** | **Electronics — 0.7%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 11/15/27 | &nbsp;&nbsp;&nbsp; 27270 | 27256677 |
| &nbsp;&nbsp;&nbsp; 4.33%, 11/15/27, (1-day SOFR + 0.53%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10795 | 10821415 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/30/26 | &nbsp;&nbsp;&nbsp; 2840 | 2843739 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/05/27 | &nbsp;&nbsp;&nbsp; 5800 | 5877351 |
|  |  | 46799182 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Waste Management, Inc., 4.95%, 07/03/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 9390 | 9542182 |
| **Food — 0.3%** | **Food — 0.3%** | **Food — 0.3%** |
| Mars, Inc., 4.45%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17705 | 17834966 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products — 0.5%** | **Health Care - Products — 0.5%** | **Health Care - Products — 0.5%** |
| Stryker Corp., 4.55%, 02/10/27 | &nbsp;&nbsp;&nbsp; $26280 | $26477328 |
| Thermo Fisher Scientific, Inc., 5.00%, 12/05/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 10095879 |
|  |  | 36573207 |
| **Health Care - Services — 0.2%** | **Health Care - Services — 0.2%** | **Health Care - Services — 0.2%** |
| Roche Holdings, Inc., 5.27%, 11/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13170 | 13305921 |
| UnitedHealth Group, Inc., 4.75%, 07/15/26 | &nbsp;&nbsp;&nbsp; 3995 | 4009752 |
|  |  | 17315673 |
| **Insurance — 4.7%** | **Insurance — 4.7%** | **Insurance — 4.7%** |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 07/16/26, (1-day SOFR Index + <br> 0.75%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 18505 | 18528811 |
| &nbsp;&nbsp;&nbsp; 4.49%, 08/10/26, (1-day SOFR + 0.68%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 7190 | 7197498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 03/06/28, (1-day SOFR Index + <br> 0.95%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 48025 | 48247097 |
| &nbsp;&nbsp;&nbsp; 4.83%, 05/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 52090 | 52666985 |
| MassMutual Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 10/22/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 9274 | 9343293 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/27/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 28446 | 28766813 |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/10/26, (1-day SOFR + 0.98%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 15252 | 15305054 |
| &nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I, 4.15%, <br> 08/25/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6820 | 6851258 |
| Northwestern Mutual Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/25/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 7580 | 7615859 |
| &nbsp;&nbsp;&nbsp; 4.49%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20970 | 21218031 |
| &nbsp;&nbsp;&nbsp; Pacific Life Global Funding II, 4.31%, 02/04/27, <br> (1-day SOFR + 0.48%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 23140 | 23176559 |
| Pricoa Global Funding I, 4.40%, 08/27/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 8500 | 8575881 |
| Principal Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 11/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 9750 | 9570845 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/18/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6315 | 6335342 |
| &nbsp;&nbsp;&nbsp; 4.60%, 08/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13570 | 13701786 |
| Protective Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.54%, 09/11/28, (1-day SOFR + 0.85%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 30000 | 30096425 |
| &nbsp;&nbsp;&nbsp; 4.99%, 01/12/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15250 | 15427156 |
|  |  | 322624693 |
| **Internet — 0.2%** | **Internet — 0.2%** | **Internet — 0.2%** |
| Amazon.com, Inc., 3.90%, 11/20/28 | &nbsp;&nbsp;&nbsp; 11515 | 11556228 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Marriott International, Inc./MD, 4.20%, 07/15/27 | &nbsp;&nbsp;&nbsp; 16290 | 16344023 |
| **Machinery — 1.1%** | **Machinery — 1.1%** | **Machinery — 1.1%** |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 01/07/27, (1-day SOFR + 0.38%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 10545 | 10567475 |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/15/26 | &nbsp;&nbsp;&nbsp; 15800 | 15826927 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/07/27 | &nbsp;&nbsp;&nbsp; 13130 | 13229022 |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 5820 | 5864684 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/08/27 | &nbsp;&nbsp;&nbsp; 13130 | 13232584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series I, 4.08%, 01/07/28, (1-day SOFR + <br> 0.40%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 16400 | 16434108 |
|  |  | 75154800 |
| **Manufacturing — 0.5%** | **Manufacturing — 0.5%** | **Manufacturing — 0.5%** |
| Siemens Funding BV, 4.35%, 05/26/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 37720 | 38144294 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Rio Tinto Finance USA PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/12/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 5585 | 5624177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 03/14/28, (1-day SOFR Index + <br> 0.84%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 7450 | 7510847 |
|  |  | 13135024 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co., 4.26%, 02/20/26, (1-day <br> SOFR + 0.49%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; $8820 | $8821115 |
| Pfizer, Inc., 3.88%, 11/15/27 | &nbsp;&nbsp;&nbsp; 5970 | 5990045 |
|  |  | 14811160 |
| **Retail — 1.0%** | **Retail — 1.0%** | **Retail — 1.0%** |
| Home Depot, Inc. (The), 5.15%, 06/25/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 12655 | 12726017 |
| Lower Colorado River Authority, 3.95%, 10/15/27 | &nbsp;&nbsp;&nbsp; 31940 | 32017926 |
| Lowe's Companies, Inc., 4.80%, 04/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 6660 | 6666344 |
| Starbucks Corp., 4.85%, 02/08/27 | &nbsp;&nbsp;&nbsp; 14940 | 15073766 |
|  |  | 66484053 |
| **Semiconductors — 0.2%** | **Semiconductors — 0.2%** | **Semiconductors — 0.2%** |
| Advanced Micro Devices, Inc., 4.21%, 09/24/26 | &nbsp;&nbsp;&nbsp; 14045 | 14086401 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| Intuit, Inc., 5.25%, 09/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 11165 | 11244286 |
| **Telecommunications — 0.7%** | **Telecommunications — 0.7%** | **Telecommunications — 0.7%** |
| NBN Co. Ltd., 4.00%, 10/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 27660 | 27686970 |
| NTT Finance Corp., 4.57%, 07/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15670 | 15806552 |
| Verizon Communications, Inc., 4.13%, 03/16/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 6218 | 6237278 |
|  |  | 49730800 |
| **Total Corporate Bonds & Notes — 31.4%** <br>**(Cost: $2,156,242,647)** | **Total Corporate Bonds & Notes — 31.4%** <br>**(Cost: $2,156,242,647)** | 2169163283 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **New York — 0.2%** | **New York — 0.2%** | **New York — 0.2%** |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future <br> Tax Secured Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.48%, 05/01/27 | &nbsp;&nbsp;&nbsp; 1670 | 1684279 |
| &nbsp;&nbsp;&nbsp; 4.51%, 11/01/26 | &nbsp;&nbsp;&nbsp; 14325 | 14408254 |
| &nbsp;&nbsp;&nbsp; Taxable Municipal Funding Trust RB, VRDN, 3.97%, <br> 03/07/26<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 840 | 840000 |
|  |  | 16932533 |
| **Total Municipal Debt Obligations — 0.2%** <br>**(Cost $16,835,000)** | **Total Municipal Debt Obligations — 0.2%** <br>**(Cost $16,835,000)** | 16932533 |
| **Repurchase Agreements**<sup>(e)</sup> | **Repurchase Agreements**<sup>(e)</sup> | **Repurchase Agreements**<sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp; Bank of America Securities Inc., 4.16%, 11/01/25 <br> (Purchased on 10/30/25 to be repurchased at <br> $54,756,327, collateralized by non-agency <br> mortgage-backed security, 2.34% to 7.93%, due <br> 02/25/34 to 08/25/56, par and fair value of <br> $68,020,314 and $58,582,500, respectively)<br>| &nbsp;&nbsp;&nbsp; 54750 | 54750000 |
| &nbsp;&nbsp;&nbsp; Bank of America Securities Inc., 4.37%, 11/1/25 <br> (Purchased on 10/31/25 to be repurchased at <br> $19,002,306, collateralized by non-agency <br> mortgage-backed security, 3.65% to 10.84%, due <br> 07/07/27 to 12/15/44, par and fair value of <br> $34,972,077 and $20,716,541, respectively)<br>| &nbsp;&nbsp;&nbsp; 19000 | 19000000 |
| &nbsp;&nbsp;&nbsp; BNP Paribas., 4.41%, 11/01/25 (Purchased on <br> 10/31/25 to be repurchased at $46,755,727, <br> collateralized by non-agency mortgage-backed <br> security, 0.00% to 9.75%, due 11/15/25 to <br> 1/15/84, par and fair value of $49,438,006 and <br> $50,721,610, respectively)<br>| &nbsp;&nbsp;&nbsp; 46750 | 46750000 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Inc, 4.35%, 11/01/25 <br> (Purchased on 10/30/25 to be repurchased at <br> $96,011,600, collateralized by non-agency <br> mortgage-backed security, 0.90% to 6.89%, due <br> 11/15/28 to 07/25/69, par and fair value of <br> $169,575,172 and $110,400,001, respectively).<br>| &nbsp;&nbsp;&nbsp; $96000 | $96000000 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Inc, 4.37%, 11/01/25 <br> (Purchased on 10/31/25 to be repurchased at <br> $12,001,457, collateralized by non-agency <br> mortgage-backed security, 3.50% to 6.89%, due <br> 11/05/28 to 07/25/69, par and fair value of <br> $18,120,123 and $13,800,715, respectively).<br>| &nbsp;&nbsp;&nbsp; 12000 | 12000000 |
| &nbsp;&nbsp;&nbsp; Duetsche Bank Securities, 4.32%, 11/1/25 <br> (Purchased on 10/30/25 to be repurchased at <br> $30,003,600, collateralized by non-agency <br> mortgage-backed security, 2.50% to 11.78%, due <br> 05/15/26 to 01/15/84, par and fair value of <br> $32,739,000 and $32,013,468, respectively)<br>| &nbsp;&nbsp;&nbsp; 30000 | 30000000 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs & Co. LLC, 4.56%, 11/01/25 <br> (Purchased on 10/31/25 to be repurchased at <br> $90,011,400, collateralized by U.S. Government <br> Agency and non-agency mortgage-backed <br> security, 1.48% to 7.25%, due 07/15/27 to <br> 12/31/79, par and fair value of $149,437,921 and <br> $94,584,565, respectively)<br>| &nbsp;&nbsp;&nbsp; 90000 | 90000000 |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA Inc., 4.32%, 11/01/25 <br> (Purchased on 10/31/25 to be repurchased at <br> $6,000,720, collateralized by non-agency <br> mortgage-backed security, 2.53% to 5.32%, due <br> 01/18/28 to 04/20/33, par and fair value of <br> $6,681,592 and $6,300,001, respectively)<br>| &nbsp;&nbsp;&nbsp; 6000 | 6000000 |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA Inc., 4.42%, 11/01/25 <br> (Purchased on 10/31/25 to be repurchased at <br> $120,014,733, collateralized by non-agency <br> mortgage-backed security, 2.65% to 9.68%, due <br> 2/15/29 to 11/20/51, par and fair value of <br> $143,554,289 and $129,606,610, respectively).<br>| &nbsp;&nbsp;&nbsp; 120000 | 120000000 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley and Co LLC., 4.59%, 11/01/25 <br> (Purchased on 10/31/25 to be repurchased at <br> $35,004,463, collateralized by non-agency <br> mortgage-backed security, 4.21% to 12.04%, due <br> 09/17/29 to 03/25/70, par and fair value of <br> $97,015,544 and $39,924,168, respectively)<br>| &nbsp;&nbsp;&nbsp; 35000 | 35000000 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Securities, 4.46%, 11/1/25 (Purchased <br> on 10/31/25 to be repurchased at $90,011,150, <br> collateralized by non-agency mortgage-backed <br> security, 5.50% to 6.70%, due 02/10/36 to <br> 09/25/70, par and fair value of $118,059,721 and <br> $97,490,741, respectively)<br>| &nbsp;&nbsp;&nbsp; 90000 | 90000000 |
| **Total Repurchase Agreements — 8.7%** <br>**(Cost: $599,500,000)** | **Total Repurchase Agreements — 8.7%** <br>**(Cost: $599,500,000)** | 599500000 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations** | **U.S. Government Obligations** | **U.S. Government Obligations** |
| **U.S. Government Obligations — 2.2%** | **U.S. Government Obligations — 2.2%** | **U.S. Government Obligations — 2.2%** |
| U.S. Treasury Note/Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 02/15/26 | &nbsp;&nbsp;&nbsp; $11860 | $11851114 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/30/26 | &nbsp;&nbsp;&nbsp; 13825 | 13815387 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/31/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 27420 | 27437566 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/31/27 | &nbsp;&nbsp;&nbsp; 30000 | 30111328 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/31/27 | &nbsp;&nbsp;&nbsp; 25000 | 25108398 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/31/26 | &nbsp;&nbsp;&nbsp; 41195 | 41336930 |
| **Total U.S. Government Obligations — 2.2%** <br>**(Cost: $148,992,944)** | **Total U.S. Government Obligations — 2.2%** <br>**(Cost: $148,992,944)** | 149660723 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Money Market Funds** | **Money Market Funds** | **Money Market Funds** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.82%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp;&nbsp; 91082172 | 91127713 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(f)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 820000 | 820000 |
| **Total Money Market Funds — 1.3%** <br>**(Cost: $91,924,665)** | **Total Money Market Funds — 1.3%** <br>**(Cost: $91,924,665)** | 91947713 |
| **Total Investments — 100.9%** <br>**(Cost: $6,955,515,487)** | **Total Investments — 100.9%** <br>**(Cost: $6,955,515,487)** | 6972146534 |
| **Liabilities in Excess of Other Assets — (0.9)%** | **Liabilities in Excess of Other Assets — (0.9)%** | (62352422)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $6909794112 |

---

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

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

<sup>(d)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. 

<sup>(e)</sup> Maturity date represents next reset date.

<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)

January 31, 2026

**iShares® Ultra Short Duration Bond Active ETF**

**Affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*01/31/26*<br>| *Shares* <br>*Held at* <br>*01/31/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<br>| $56472908<br> $34653017 <br><sup>(a)</sup><br>| $— | $2899 | $(1111)<br>| $91127713 | 91082172 | $46314 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 4.30%<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> 820000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 820000 | 820000 | &nbsp;&nbsp; 45189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $2899 | $(1111) | $91947713 |  | $91503 | $— |

---

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

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

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

**Fair Value Hierarchy as of Period End** 

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $723318886 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $723318886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; — | &nbsp;&nbsp; 1241365703 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1241365703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 1980257693 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1980257693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 2169163283 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2169163283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 16932533 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16932533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 599500000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 599500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 149660723 | &nbsp;&nbsp; — | &nbsp;&nbsp; 149660723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 91947713 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 91947713 |
|  | &nbsp;&nbsp; $91947713 | &nbsp;&nbsp; $6880198821 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6972146534 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| RB | Revenue Bonds |
| SOFR | Secured Overnight Financing Rate |

---

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

------

## 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 U.S. ETF Trust

- **b. Investment Company Act file number:** 811-22649

- **c. CIK number of Registrant:** 0001524513

- **d. LEI of Registrant:** 5493002YECWEEITPWL97

- **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 Ultra Short Duration Bond Active ETF

- **b. EDGAR series identifier (if any):** S000040474

- **c. LEI of Series:** 549300JE6SRZTXKUCU42

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7100572673.98

**Total Liabilities:** $221303841.69

**Net Assets:** $6879268832.29

**Delayed Delivery Securities:** $25970000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 81362.05000000 | **1-Year:** 345277.38000000 | **5-Year:** 68648.22000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125661 | 0.36%                | 0.39%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26660.86                | $1458196.53                                |
| Month 2  | $31902.49                | $428262.05                                 |
| Month 3  | $53160.29                | $119354.77                                 |

### Schedule of Portfolio Investments

| Name                                                                    | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ANZ NEW ZEALAND INTL/LDN                                                | ANZ New Zealand Int'l Ltd/London                       | CUSIP: 00182EBV0<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |   9830000 | PA      | $9838989.14   | 0.14%             | 2029-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                                | ANZ New Zealand Int'l Ltd/London                       | CUSIP: 0018A3BH6<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | AU        |  26940000 | PA      | $26890575.88  | 0.39%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                                | ANZ New Zealand Int'l Ltd/London                       | CUSIP: 0018A3EB6<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | AU        |  17500000 | PA      | $17322604.25  | 0.25%             | 2026-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                                | ANZ New Zealand Int'l Ltd/London                       | CUSIP: 0018A3F41<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | AU        |  32390000 | PA      | $31972191.67  | 0.46%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                                        | ASB Bank Ltd                                           | CUSIP: 00216LAG8<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |  13000000 | PA      | $13066345.11  | 0.19%             | 2026-06-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| ACCENTURE CAPITAL INC                                                   | Accenture Capital Inc                                  | CUSIP: 00440KAA1<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |   9390000 | PA      | $9431422.29   | 0.14%             | 2027-10-04      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES                                                  | Advanced Micro Devices Inc                             | CUSIP: 007903BH9<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |  14045000 | PA      | $14086401.15  | 0.20%             | 2026-09-24      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                          | Amazon.com Inc                                         | CUSIP: 023135CS3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  11515000 | PA      | $11556227.96  | 0.17%             | 2028-11-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                     | American Express Co                                    | CUSIP: 025816DS5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  13960000 | PA      | $13967209.64  | 0.20%             | 2027-04-23      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                            | American Express Credit Account Master Trust           | CUSIP: 02582JKV1<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  11400000 | PA      | $11536802.28  | 0.17%             | 2030-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                  | American Honda Finance Corp                            | CUSIP: 02665KC96<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |  21000000 | PA      | $20914376.70  | 0.30%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                  | American Honda Finance Corp                            | CUSIP: 02665WFN6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10026200.00  | 0.15%             | 2026-10-05      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                  | American Honda Finance Corp                            | CUSIP: 02665WFP1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  13820000 | PA      | $13869155.94  | 0.20%             | 2026-10-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| AMERICAN HONDA FINANCE                                                  | American Honda Finance Corp                            | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10955000 | PA      | $10963325.80  | 0.16%             | 2026-05-21      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                  | American Honda Finance Corp                            | CUSIP: 02665WGC9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7511553.60   | 0.11%             | 2026-07-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: —       |
| AMPHENOL CORP                                                           | Amphenol Corp                                          | CUSIP: 032095AM3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2843739.26   | 0.04%             | 2026-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                           | Amphenol Corp                                          | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5877351.18   | 0.09%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                           | Amphenol Corp                                          | CUSIP: 032095AV3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |  10795000 | PA      | $10821415.37  | 0.16%             | 2027-11-15      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                           | Amphenol Corp                                          | CUSIP: 032095AW1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |  27270000 | PA      | $27256676.42  | 0.40%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc                                      | Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03523LE43<br>LEI: 549300CRGMZK3K53BF92 | Long             | STIV             | CORP              | US        |  11830000 | PA      | $11711024.51  | 0.17%             | 2026-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                   | Athene Global Funding                                  | CUSIP: 04685A4J7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  18505000 | PA      | $18528811.12  | 0.27%             | 2026-07-16      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                   | Athene Global Funding                                  | CUSIP: 04685A4M0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  48025000 | PA      | $48247097.38  | 0.70%             | 2028-03-06      | Floating      | 4.66%                 | No            |                  2 | On Loan: —       |
| ATHENE GLOBAL FUNDING                                                   | Athene Global Funding                                  | CUSIP: 04685A4N8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  52090000 | PA      | $52666985.30  | 0.77%             | 2028-05-09      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                   | Athene Global Funding                                  | CUSIP: 04685A4Q1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   7190000 | PA      | $7197498.31   | 0.10%             | 2026-08-10      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                              | Australia & New Zealand Banking Group Ltd.             | CUSIP: 05253JAZ4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  15240000 | PA      | $15380701.17  | 0.22%             | 2027-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                | Australia & New Zealand Banking Group Ltd/New York NY  | CUSIP: 05253JB83<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  11715000 | PA      | $11755858.29  | 0.17%             | 2028-12-08      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Trust                                       | BA Credit Card Trust                                   | CUSIP: 05522RDK1<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  22264000 | PA      | $22513334.54  | 0.33%             | 2030-05-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                      | BMW US Capital LLC                                     | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  13660000 | PA      | $13701241.18  | 0.20%             | 2026-08-13      | Floating      | 4.59%                 | No            |                  2 | On Loan: —       |
| BMW US CAPITAL LLC                                                      | BMW US Capital LLC                                     | CUSIP: 05565ECP8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   5695000 | PA      | $5717024.62   | 0.08%             | 2026-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                 | BPCE SA                                                | CUSIP: 05571AAT2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   9455000 | PA      | $9576805.93   | 0.14%             | 2027-01-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| BPCE                                                                    | BPCE SA                                                | CUSIP: 05571CC33<br>LEI: 9695005MSX1OYEMGDF46 | Long             | STIV             | CORP              | FR        |  19110000 | PA      | $19046956.11  | 0.28%             | 2026-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA/New York NY                                              | BNP Paribas SA/New York NY                             | CUSIP: 05593DEX7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |  20000000 | PA      | $20007800.00  | 0.29%             | 2026-02-19      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA/New York NY                                              | BNP Paribas SA/New York NY                             | CUSIP: 05593DLV3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |   4500000 | PA      | $4500163.80   | 0.07%             | 2026-07-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                 | BMW Vehicle Lease Trust 2025-2                         | CUSIP: 05594HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24144000 | PA      | $24153792.81  | 0.35%             | 2027-11-26      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                 | BMW Vehicle Lease Trust 2025-2                         | CUSIP: 05594HAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17713000 | PA      | $17715233.61  | 0.26%             | 2027-11-26      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA/New York                                             | Banco Santander SA/New York                            | CUSIP: 05973REQ1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |  12250000 | PA      | $12271317.45  | 0.18%             | 2026-05-26      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA/NY                                                   | Banco Santander SA/New York                            | CUSIP: 05973RGA4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |  35500000 | PA      | $35504643.40  | 0.52%             | 2026-03-05      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA/New York                                             | Banco Santander SA/New York                            | CUSIP: 05973RGF3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |  13060000 | PA      | $13082077.93  | 0.19%             | 2026-08-13      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA/New York                                             | Banco Santander SA/New York                            | CUSIP: 05973RGH9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |  35210000 | PA      | $35246660.65  | 0.51%             | 2026-06-04      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA/New York                                             | Banco Santander SA/New York                            | CUSIP: 05973RJM5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |  36800000 | PA      | $36802288.96  | 0.53%             | 2026-10-05      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                      | Bank of America NA                                     | CUSIP: 06050TNY4<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | STIV             | CORP              | US        |  22820000 | PA      | $22821219.27  | 0.33%             | 2026-10-02      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| BANK AMER N A INSTL CTF                                                 | BANK AMER N A INSTL CTF                                | CUSIP: 06053RBQ5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   6300000 | PA      | $6304700.43   | 0.09%             | 2026-05-06      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                                     | BofA Securities Inc                                    | CUSIP: 06054PF50<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |  35130000 | PA      | $34668918.75  | 0.50%             | 2026-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                      | Bank of America NA                                     | CUSIP: 06054RDM1<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | STIV             | CORP              | US        |  17930000 | PA      | $17928680.35  | 0.26%             | 2026-08-24      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                                                | Bank of Montreal/Chicago IL                            | CUSIP: 06370B3K8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  25000000 | PA      | $25022295.50  | 0.36%             | 2026-05-20      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                                                | Bank of Montreal/Chicago IL                            | CUSIP: 06370B3W2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  22070000 | PA      | $22089398.43  | 0.32%             | 2026-08-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Bank of New Zealand                                                     | Bank of New Zealand                                    | CUSIP: 06406QFF1<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | STIV             | CORP              | NZ        |  15000000 | PA      | $14790900.00  | 0.22%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of New Zealand                                                     | Bank of New Zealand                                    | CUSIP: 06406QHC6<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | STIV             | CORP              | NZ        |  14000000 | PA      | $13724225.20  | 0.20%             | 2026-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                  | Bank of New York Mellon Corp/The                       | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   5610000 | PA      | $5652010.82   | 0.08%             | 2028-06-09      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                     | Bank of Nova Scotia/The                                | CUSIP: 06417KC31<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |  30000000 | PA      | $29899560.00  | 0.43%             | 2026-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                  | Banque Federative du Credit Mutuel SA                  | CUSIP: 06675FBC0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  15260000 | PA      | $15441000.39  | 0.22%             | 2027-01-23      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                                    | Barclays Bank PLC/NY                                   | CUSIP: 06745GDH1<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  15000000 | PA      | $15009747.00  | 0.22%             | 2026-04-21      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                                    | Barclays Bank PLC/NY                                   | CUSIP: 06745GGH8<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  21500000 | PA      | $21504048.45  | 0.31%             | 2026-08-10      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                 | BMW Vehicle Lease Trust 2025-1                         | CUSIP: 096912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20004575 | PA      | $20066718.99  | 0.29%             | 2027-09-27      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                                 | BMW Vehicle Owner Trust 2025-A                         | CUSIP: 096924AC9<br>LEI: 5493002H8OC00FUV1078 | Long             | ABS-O            | CORP              | US        |   5651716 | PA      | $5652128.46   | 0.08%             | 2027-10-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                 | Bristol-Myers Squibb Co                                | CUSIP: 110122EM6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   8820000 | PA      | $8821114.58   | 0.13%             | 2026-02-20      | Floating      | 4.26%                 | No            |                  2 | On Loan: —       |
| BRITANNIA FUNDING CO LLC                                                | Britannia Funding Co LLC                               | CUSIP: 11042NBY1<br>LEI: 549300X2ZBE7GS6QP587 | Long             | STIV             | CORP              | US        |   6730000 | PA      | $6730203.11   | 0.10%             | 2026-07-30      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD CORP TREASURY                                                | Brookfield Corporate Treasury Ltd                      | CUSIP: 11271GCS0<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |  17270000 | PA      | $17166176.21  | 0.25%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS                                                 | Brookfield BRP Holdings Canada Inc                     | CUSIP: 11284XC66<br>LEI: 549300NSPD7QJ50GZW26 | Long             | STIV             | CORP              | CA        |   2180000 | PA      | $2171808.43   | 0.03%             | 2026-03-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                  | Bunge Ltd Finance Corp                                 | CUSIP: 12057BC91<br>LEI: 549300QHC068L40NNM71 | Long             | STIV             | CORP              | US        |   7580000 | PA      | $7548811.33   | 0.11%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                       | CDP Financial Inc                                      | CUSIP: 125094BB7<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |   9219000 | PA      | $9220713.54   | 0.13%             | 2026-02-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                       | CDP Financial Inc                                      | CUSIP: 12509TC96<br>LEI: 549300OXMGVYFCBFV096 | Long             | STIV             | CORP              | CA        |  32000000 | PA      | $31874368.00  | 0.46%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                       | CDP Financial Inc                                      | CUSIP: 12509TJF5<br>LEI: 549300OXMGVYFCBFV096 | Long             | STIV             | CORP              | CA        |  25000000 | PA      | $24421450.00  | 0.36%             | 2026-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                       | CDP Financial Inc                                      | CUSIP: 12509TK55<br>LEI: 549300OXMGVYFCBFV096 | Long             | STIV             | CORP              | CA        |  20000000 | PA      | $19497478.00  | 0.28%             | 2026-10-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                     | CNH Equipment Trust 2025-A                             | CUSIP: 12674BAC9<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |  11908046 | PA      | $11906287.43  | 0.17%             | 2028-08-15      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                     | CNH Equipment Trust 2025-B                             | CUSIP: 12675EAB4<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |   7306000 | PA      | $7328703.40   | 0.11%             | 2028-11-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                     | CNH Equipment Trust 2025-B                             | CUSIP: 12675EAC2<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |   9206000 | PA      | $9207682.86   | 0.13%             | 2028-11-15      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| CABOT TRAIL FUNDING LLC                                                 | Cabot Trail Funding LLC                                | CUSIP: 12710HC97<br>LEI: 25490002FPRX2W8W9V23 | Long             | STIV             | CORP              | US        |  15050000 | PA      | $14990585.61  | 0.22%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CABOT TRAIL FUNDING LLC                                                 | Cabot Trail Funding LLC                                | CUSIP: 12710HCS5<br>LEI: 25490002FPRX2W8W9V23 | Long             | STIV             | CORP              | US        |  14710000 | PA      | $14626098.57  | 0.21%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                                 | Canadian Imperial Bank of Commerce/New York NY         | CUSIP: 13606DEU2<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  28500000 | PA      | $28501826.85  | 0.41%             | 2026-02-09      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                                 | Canadian Imperial Bank of Commerce/New York NY         | CUSIP: 13606DJT0<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $5005109.30   | 0.07%             | 2026-05-21      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce/New York NY                          | Canadian Imperial Bank of Commerce/New York NY         | CUSIP: 13606DRD6<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  21500000 | PA      | $21500728.85  | 0.31%             | 2027-01-11      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce/New York NY                          | Canadian Imperial Bank of Commerce/New York NY         | CUSIP: 13606DRR5<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  47990000 | PA      | $47971106.34  | 0.70%             | 2027-02-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CA IMPERIAL BK OF COMM                                                  | Canadian Imperial Bank of Commerce                     | CUSIP: 13608BBC7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        |   8820000 | PA      | $8808237.65   | 0.13%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                | Caterpillar Financial Services Corp                    | CUSIP: 14913UAA8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  15800000 | PA      | $15826926.99  | 0.23%             | 2026-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                | Caterpillar Financial Services Corp                    | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  13130000 | PA      | $13229021.60  | 0.19%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                | Caterpillar Financial Services Corp                    | CUSIP: 14913UAW0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  10545000 | PA      | $10567474.87  | 0.15%             | 2027-01-07      | Floating      | 4.05%                 | No            |                  2 | On Loan: —       |
| CITIGROUP GLOBAL MARKETS                                                | Citigroup Global Markets Inc                           | CUSIP: 1730QPBV8<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |   5680000 | PA      | $5681492.14   | 0.08%             | 2026-03-20      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                             | Citibank NA                                            | CUSIP: 17325FBC1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |  15380000 | PA      | $15576210.50  | 0.23%             | 2026-12-04      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                             | Citibank NA                                            | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8416884.00   | 0.12%             | 2026-08-06      | Floating      | 4.52%                 | No            |                  2 | On Loan: —       |
| CITIBANK NA                                                             | Citibank NA                                            | CUSIP: 17330QJG3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  22820000 | PA      | $22830659.22  | 0.33%             | 2026-03-27      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                     | CNH Equipment Trust 2024-B                             | CUSIP: 18978JAB4<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |    492302 | PA      | $492621.57    | 0.01%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                     | CNH Equipment Trust 2024-B                             | CUSIP: 18978JAC2<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |    430118 | PA      | $430148.67    | 0.01%             | 2027-10-15      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                     | CNH Equipment Trust 2026-A                             | CUSIP: 189920AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  33071000 | PA      | $33068539.52  | 0.48%             | 2029-06-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| COLLAT COMM PAPER V CO                                                  | Collateralized Commercial Paper V Co LLC               | CUSIP: 19423RNS4<br>LEI: 549300ZLXI3T111CH173 | Long             | STIV             | CORP              | US        |  29720000 | PA      | $29720000.00  | 0.43%             | 2026-05-20      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTR NY                                                | Commonwealth Bank of Australia/New York NY             | CUSIP: 20271RAV2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  14015000 | PA      | $14209963.65  | 0.21%             | 2028-03-14      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                  | Commonwealth Bank of Australia                         | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  13900000 | PA      | $13946350.52  | 0.20%             | 2026-11-27      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| CONCORD MINUTEMEN CAP CO                                                | Concord Minutemen Capital Co LLC                       | CUSIP: 2063CQC29<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |  13620000 | PA      | $13575658.73  | 0.20%             | 2026-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA/NY                                             | Cooperatieve Rabobank UA/NY                            | CUSIP: 21684X5Y8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |  60020000 | PA      | $60044356.12  | 0.87%             | 2026-11-16      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                                 | Cooperatieve Rabobank UA/NY                            | CUSIP: 21688ABK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  26305000 | PA      | $26885550.56  | 0.39%             | 2028-01-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| COOPERAT RABOBANK UA/NY                                                 | Cooperatieve Rabobank UA/NY                            | CUSIP: 21688ABM3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  45780000 | PA      | $46153812.93  | 0.67%             | 2027-05-27      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York                  | Credit Agricole Corporate and Investment Bank/New York | CUSIP: 22536JB38<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  18620000 | PA      | $18643597.13  | 0.27%             | 2026-05-26      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York                  | Credit Agricole Corporate and Investment Bank/New York | CUSIP: 22536JXP5<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $30079788.00  | 0.44%             | 2026-07-31      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial/New York                                | Credit Industriel et Commercial/New York               | CUSIP: 22536WK39<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        |  28500000 | PA      | $28542439.35  | 0.41%             | 2026-05-12      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                                            | DNB Bank ASA                                           | CUSIP: 2332K1E14<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  22485000 | PA      | $22277189.13  | 0.32%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                                            | DNB Bank ASA                                           | CUSIP: 2332K1GW4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  20000000 | PA      | $19631808.00  | 0.29%             | 2026-07-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                                            | DNB Bank ASA                                           | CUSIP: 2332K1K58<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  18200000 | PA      | $17744936.30  | 0.26%             | 2026-10-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                                         | DTE Electric Co                                        | CUSIP: 23338VAW6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1893276.73   | 0.03%             | 2027-05-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                  | Daimler Truck Finance North America LLC                | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  10660000 | PA      | $10779528.02  | 0.16%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                  | Daimler Truck Finance North America LLC                | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   8705000 | PA      | $8840711.04   | 0.13%             | 2028-01-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                  | Daimler Truck Finance North America LLC                | CUSIP: 233853BG4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   9085000 | PA      | $9128674.96   | 0.13%             | 2027-08-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| DAIMLER TRUCK FINAN NA                                                  | Daimler Truck Finance North America LLC                | CUSIP: 233853BK5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  14260000 | PA      | $14259285.43  | 0.21%             | 2029-01-12      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                         | Danske Bank A/S                                        | CUSIP: 23636REF7<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DE        |  10000000 | PA      | $9891135.00   | 0.14%             | 2026-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                         | Danske Bank A/S                                        | CUSIP: 23636RH31<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DE        |  20500000 | PA      | $20110391.35  | 0.29%             | 2026-08-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                         | Danske Bank A/S                                        | CUSIP: 23636RKW3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DE        |  23600000 | PA      | $22943249.76  | 0.33%             | 2026-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                 | John Deere Capital Corp                                | CUSIP: 24422EXV6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   5820000 | PA      | $5864683.81   | 0.09%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| JOHN DEERE CAPITAL CORP                                                 | John Deere Capital Corp                                | CUSIP: 24422EXY0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  13130000 | PA      | $13232584.56  | 0.19%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                 | John Deere Capital Corp                                | CUSIP: 24422EYH6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  16400000 | PA      | $16434107.90  | 0.24%             | 2028-01-07      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                        | Deutsche Bank AG/New York NY                           | CUSIP: 25152XYL8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |  19000000 | PA      | $19006349.80  | 0.28%             | 2026-04-23      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                        | Deutsche Bank AG/New York NY                           | CUSIP: 25152XYY0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |  17000000 | PA      | $17004404.70  | 0.25%             | 2027-02-05      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                            | Deutsche Bank AG/New York NY                           | CUSIP: 25161DAL7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | US        |  22030000 | PA      | $22082330.06  | 0.32%             | 2026-07-17      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                            | Deutsche Bank AG/New York NY                           | CUSIP: 25161DAY9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | US        |  14630000 | PA      | $14637562.25  | 0.21%             | 2026-12-08      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                            | Deutsche Bank AG/New York NY                           | CUSIP: 25161DBA0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | US        |   7930000 | PA      | $7930651.05   | 0.12%             | 2026-12-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                | Equitable America Global Funding                       | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |  22850000 | PA      | $23115204.87  | 0.34%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                | Equitable America Global Funding                       | CUSIP: 29446Q2C6<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   4530000 | PA      | $4523304.21   | 0.07%             | 2027-09-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                | Equitable America Global Funding                       | CUSIP: 29446Q2D4<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |  16395000 | PA      | $16420822.13  | 0.24%             | 2027-09-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                | Equitable America Global Funding                       | CUSIP: 29446Q2F9<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |  46820000 | PA      | $47020546.45  | 0.68%             | 2028-12-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                  | Extra Space Storage LP                                 | CUSIP: 30227QC46<br>LEI: 549300YNKSKNZFR8UC42 | Long             | STIV             |  | US        |  16910000 | PA      | $16849903.55  | 0.24%             | 2026-03-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                  | Extra Space Storage LP                                 | CUSIP: 30227QCC8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | STIV             |  | US        |  10535000 | PA      | $10488578.58  | 0.15%             | 2026-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                | Florida Power & Light Co                               | CUSIP: 341081GR2<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   7965000 | PA      | $7977066.90   | 0.12%             | 2026-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                            | Ford Credit Auto Lease Trust 2026-A                    | CUSIP: 345276AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12107000 | PA      | $12113948.21  | 0.18%             | 2028-08-15      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                            | Ford Credit Auto Lease Trust 2024-B                    | CUSIP: 345279AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90947 | PA      | $90997.39     | 0.00%             | 2027-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                            | Ford Credit Auto Lease Trust 2025-A                    | CUSIP: 345282AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4716558 | PA      | $4717516.43   | 0.07%             | 2027-08-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                            | Ford Credit Auto Owner Trust 2024-B                    | CUSIP: 34531QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    739484 | PA      | $740148.04    | 0.01%             | 2027-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                            | Ford Credit Auto Lease Trust 2025-B                    | CUSIP: 34533MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20430488 | PA      | $20478894.06  | 0.30%             | 2028-03-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                            | Ford Credit Auto Owner Trust 2025-A                    | CUSIP: 34535KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9170684 | PA      | $9178087.10   | 0.13%             | 2027-12-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                            | Ford Credit Auto Owner Trust 2025-C                    | CUSIP: 34535LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11753000 | PA      | $11768591.53  | 0.17%             | 2028-09-15      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                            | Ford Credit Auto Owner Trust 2025-C                    | CUSIP: 34535LAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11173000 | PA      | $11176725.08  | 0.16%             | 2028-09-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                            | Ford Credit Auto Owner Trust 2024-D                    | CUSIP: 34535VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5693030 | PA      | $5703690.37   | 0.08%             | 2027-10-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                                                   | General Dynamics Corp                                  | CUSIP: 369550BL1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   6265000 | PA      | $6253869.29   | 0.09%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                    | Glencore Funding LLC                                   | CUSIP: 37790BBH3<br>LEI: 213800STG1QDNBY87K49 | Long             | STIV             | CORP              | US        |  37840000 | PA      | $37766041.72  | 0.55%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                    | Glencore Funding LLC                                   | CUSIP: 37790BC41<br>LEI: 213800STG1QDNBY87K49 | Long             | STIV             | CORP              | US        |  28920000 | PA      | $28815763.64  | 0.42%             | 2026-03-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                 | Goldman Sachs Group Inc/The                            | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $17011802.08  | 0.25%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                                  | Goldman Sachs Bank USA/New York NY                     | CUSIP: 38151LAE0<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  14180000 | PA      | $14189236.99  | 0.21%             | 2027-03-18      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                                  | Goldman Sachs Bank USA/New York NY                     | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  14180000 | PA      | $14201656.83  | 0.21%             | 2027-03-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                                  | Goldman Sachs Bank USA/New York NY                     | CUSIP: 40054PKM6<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | STIV             | CORP              | US        |  11500000 | PA      | $11505293.45  | 0.17%             | 2026-05-13      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| GTA FUNDING LLC                                                         | GTA Funding LLC                                        | CUSIP: 40060XG20<br>LEI: 254900AKBBBSYOV90641 | Long             | STIV             | CORP              | US        |  15570000 | PA      | $15323308.92  | 0.22%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                                           | HSBC Bank PLC                                          | CUSIP: 40433FVM8<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |   8000000 | PA      | $8001120.80   | 0.12%             | 2026-02-24      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40434RB35<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  23000000 | PA      | $22990351.50  | 0.33%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40434REK4<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  47700000 | PA      | $47148029.91  | 0.69%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40434RF98<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15779289.60  | 0.23%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40434RHE5<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  12410000 | PA      | $12154286.99  | 0.18%             | 2026-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40434RK92<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   5500000 | PA      | $5355009.00   | 0.08%             | 2026-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40434RL59<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  11000000 | PA      | $10679541.40  | 0.16%             | 2026-11-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                            | HSBC USA Inc                                           | CUSIP: 40446MMP1<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  13990000 | PA      | $13512957.79  | 0.20%             | 2026-12-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HELVETICA FUNDING CO LLC                                                | Helvetica Funding Co LLC                               | CUSIP: 42351CDU1<br>LEI: 9845008D80E44E0A7B98 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11890586.40  | 0.17%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                          | Home Depot Inc/The                                     | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  12655000 | PA      | $12726017.08  | 0.18%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Honda Auto Receivables Owner Trust                                      | Honda Auto Receivables 2025-2 Owner Trust              | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21522851 | PA      | $21566475.96  | 0.31%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                      | Honda Auto Receivables 2025-2 Owner Trust              | CUSIP: 437921AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12319959 | PA      | $12332122.39  | 0.18%             | 2028-01-18      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                      | Honda Auto Receivables 2025-4 Owner Trust              | CUSIP: 43814XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11396000 | PA      | $11424893.42  | 0.17%             | 2028-06-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                      | Honda Auto Receivables 2025-4 Owner Trust              | CUSIP: 43814XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12280000 | PA      | $12297926.34  | 0.18%             | 2028-06-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                      | Honda Auto Receivables 2024-4 Owner Trust              | CUSIP: 43816DAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1372349 | PA      | $1373394.74   | 0.02%             | 2027-03-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44890NB25<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24992212.50  | 0.36%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44890NDA5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | STIV             | CORP              | US        |   4740000 | PA      | $4704346.67   | 0.07%             | 2026-04-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  15400000 | PA      | $15589593.10  | 0.23%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12651309.38  | 0.18%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   8765000 | PA      | $8814939.38   | 0.13%             | 2026-06-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  13825000 | PA      | $13862964.97  | 0.20%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ADJ3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  13825000 | PA      | $13886831.07  | 0.20%             | 2027-09-24      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  14215000 | PA      | $14341904.41  | 0.21%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891ADY0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  15375000 | PA      | $15487770.86  | 0.23%             | 2027-06-23      | Floating      | 4.80%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                                 | Hyundai Capital America                                | CUSIP: 44891AED5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  26475000 | PA      | $26530941.15  | 0.39%             | 2029-01-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2025-D                  | CUSIP: 44891XAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13291000 | PA      | $13318141.55  | 0.19%             | 2028-11-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2025-D                  | CUSIP: 44891XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14638000 | PA      | $14648318.33  | 0.21%             | 2028-11-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                 | Hyundai Auto Lease Securitization Trust 2026-A         | CUSIP: 448970AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26825000 | PA      | $26837503.13  | 0.39%             | 2028-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                 | Hyundai Auto Lease Securitization Trust 2026-A         | CUSIP: 448970AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12530000 | PA      | $12531368.28  | 0.18%             | 2028-05-15      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2024-C                  | CUSIP: 448976AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4568584 | PA      | $4574899.56   | 0.07%             | 2027-09-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2024-B                  | CUSIP: 44934QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1126580 | PA      | $1126618.43   | 0.02%             | 2027-06-15      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2025-A                  | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8645518 | PA      | $8659122.66   | 0.13%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2025-A                  | CUSIP: 44935CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8515433 | PA      | $8518783.44   | 0.12%             | 2027-12-15      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                 | Hyundai Auto Lease Securitization Trust 2025-B         | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7955626 | PA      | $7987173.46   | 0.12%             | 2027-09-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                 | Hyundai Auto Lease Securitization Trust 2025-B         | CUSIP: 44935DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3515575 | PA      | $3522323.11   | 0.05%             | 2027-09-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                 | Hyundai Auto Lease Securitization Trust 2025-C         | CUSIP: 44935GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6294272 | PA      | $6315581.75   | 0.09%             | 2028-01-18      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2025-C                  | CUSIP: 44935JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15061000 | PA      | $15076725.19  | 0.22%             | 2028-07-17      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                 | Hyundai Auto Lease Securitization Trust 2025-A         | CUSIP: 44935WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12832818 | PA      | $12863778.46  | 0.19%             | 2027-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                          | Hyundai Auto Receivables Trust 2025-B                  | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  31569930 | PA      | $31661012.82  | 0.46%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                                    | ING US Funding LLC                                     | CUSIP: 44988GHH4<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  16660000 | PA      | $16660756.36  | 0.24%             | 2026-10-06      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                                    | ING US Funding LLC                                     | CUSIP: 45685RGU5<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19634940.00  | 0.29%             | 2026-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                | International Business Machines Corp                   | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |  27435000 | PA      | $27397445.60  | 0.40%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: —       |
| Intesa Sanpaolo SpA/New York NY                                         | Intesa Sanpaolo SpA/New York NY                        | CUSIP: 46115K6V7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | STIV             | CORP              | IT        |  17000000 | PA      | $17006749.00  | 0.25%             | 2026-05-14      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                                              | Intuit Inc                                             | CUSIP: 46124HAE6<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |  11165000 | PA      | $11244285.57  | 0.16%             | 2026-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| INTREPID FUNDING CO LLC                                                 | Intrepid Funding Co LLC                                | CUSIP: 46125FDW6<br>LEI: 984500FAJ11A8A3K3E69 | Long             | STIV             | CORP              | US        |  20250000 | PA      | $20061168.75  | 0.29%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IONIC FUNDING LLC                                                       | Ionic Funding LLC                                      | CUSIP: 46222VB39<br>LEI: 2549003T8ZP164671925 | Long             | STIV             | CORP              | US        |   6440000 | PA      | $6437337.06   | 0.09%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                     | JPMorgan Chase & Co                                    | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  26260000 | PA      | $26119867.71  | 0.38%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                                 | JPMorgan Chase Bank NA                                 | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12127935.36  | 0.18%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| KEB Hana Bank/NY                                                        | KEB Hana Bank/NY                                       | CUSIP: 48723KDF4<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | STIV             | CORP              | US        |  20190000 | PA      | $20202182.65  | 0.29%             | 2026-03-05      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank/New York NY                                      | Korea Development Bank/New York NY                     | CUSIP: 50066BQ46<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | US        |  22750000 | PA      | $22761622.98  | 0.33%             | 2026-03-02      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                  | Korea Development Bank/The                             | CUSIP: 5006E3CP3<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | SK        |  15000000 | PA      | $14919616.50  | 0.22%             | 2026-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIME FUNDING LLC                                                        | Lime Funding LLC                                       | CUSIP: 53262RB50<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  40000000 | PA      | $39975420.00  | 0.58%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK PLC                                                         | Lloyds Bank PLC                                        | CUSIP: 53943SE45<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |  10000000 | PA      | $9903989.00   | 0.14%             | 2026-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK PLC                                                         | Lloyds Bank PLC                                        | CUSIP: 53943SEB9<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |  27000000 | PA      | $26721203.40  | 0.39%             | 2026-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK PLC                                                         | Lloyds Bank PLC                                        | CUSIP: 53943SG27<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |  33230000 | PA      | $32706893.34  | 0.48%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets PLC/New York NY                           | Lloyds Bank Corporate Markets PLC/New York NY          | CUSIP: 53947B3U2<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | US        |  25705000 | PA      | $25745472.52  | 0.37%             | 2026-05-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK CORP MKTS/NY                                                | Lloyds Bank Corporate Markets PLC/New York NY          | CUSIP: 53948BEE5<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | US        |  16490000 | PA      | $16314597.52  | 0.24%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                          | Lowe's Cos Inc                                         | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   6660000 | PA      | $6666343.45   | 0.10%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| LOWE'S COS INC                                                          | Lowe's Cos Inc                                         | CUSIP: 548661ET0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  31940000 | PA      | $32017926.25  | 0.47%             | 2027-10-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd/New York NY                                               | MUFG Bank Ltd/New York NY                              | CUSIP: 55381BJK5<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $15008317.50  | 0.22%             | 2026-02-27      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd/New York NY                                               | MUFG Bank Ltd/New York NY                              | CUSIP: 55381BQH4<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |   8690000 | PA      | $8692180.32   | 0.13%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                                  | Macquarie Bank Ltd                                     | CUSIP: 55607LCK8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   6560000 | PA      | $6527549.65   | 0.09%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                                  | Macquarie Bank Ltd                                     | CUSIP: 55607LDW1<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   6500000 | PA      | $6439793.75   | 0.09%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                                  | Macquarie Bank Ltd                                     | CUSIP: 55607LEK6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   6250000 | PA      | $6179948.13   | 0.09%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                                      | Macquarie Bank Ltd                                     | CUSIP: 55607LGL2<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   4750000 | PA      | $4666202.88   | 0.07%             | 2026-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                                  | Macquarie Bank Ltd                                     | CUSIP: 55607LJH8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |  28610000 | PA      | $27933081.68  | 0.41%             | 2026-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                                  | Macquarie Bank Ltd                                     | CUSIP: 55607LJQ8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |  24000000 | PA      | $23415242.40  | 0.34%             | 2026-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                                      | Macquarie Bank Ltd                                     | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   6210000 | PA      | $6291842.96   | 0.09%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: —       |
| MACQUARIE BANK LTD                                                      | Macquarie Bank Ltd                                     | CUSIP: 55608PBZ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |  25970000 | PA      | $26020328.82  | 0.38%             | 2028-02-03      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                                                     | Macquarie Group Ltd                                    | CUSIP: 55608VE49<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | STIV             | CORP              | AU        |   8880000 | PA      | $8790399.02   | 0.13%             | 2026-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                | Mars Inc                                               | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  17705000 | PA      | $17834965.85  | 0.26%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                  | Marriott International Inc/MD                          | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |  16290000 | PA      | $16344023.50  | 0.24%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                | MassMutual Global Funding II                           | CUSIP: 57629TBQ9<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  15252000 | PA      | $15305053.62  | 0.22%             | 2026-07-10      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                | MassMutual Global Funding II                           | CUSIP: 57629TBW6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  28446000 | PA      | $28766813.13  | 0.42%             | 2028-03-27      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| MASSMUTUAL GLOBAL FUNDIN                                                | MassMutual Global Funding II                           | CUSIP: 57629W3T5<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   9274000 | PA      | $9343292.92   | 0.14%             | 2027-10-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| MERCEDES-BENZ FIN NA                                                    | Mercedes-Benz Finance North America LLC                | CUSIP: 58769JAT4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  13690000 | PA      | $13759802.30  | 0.20%             | 2026-07-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| MET LIFE GLOB FUNDING I                                                 | Metropolitan Life Global Funding I                     | CUSIP: 592179KR5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   6820000 | PA      | $6851258.04   | 0.10%             | 2028-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP                                                         | Mitsubishi Corp                                        | CUSIP: 606769AL1<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |   5660000 | PA      | $5654875.78   | 0.08%             | 2028-09-09      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                                  | Mitsubishi HC Finance America LLC                      | CUSIP: 60678QCG0<br>LEI: 3538008O2MCHLB9FAL82 | Long             | STIV             | CORP              | US        |  15970000 | PA      | $15891846.01  | 0.23%             | 2026-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                                  | Mitsubishi HC Finance America LLC                      | CUSIP: 60678QCP0<br>LEI: 3538008O2MCHLB9FAL82 | Long             | STIV             | CORP              | US        |  12990000 | PA      | $12916585.72  | 0.19%             | 2026-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TR&BK NY                                                 | Mitsubishi UFJ Trust & Banking Corp/NY                 | CUSIP: 60683DX20<br>LEI: JBONEPAGQXF4QP29B387 | Long             | STIV             | CORP              | JP        |  25000000 | PA      | $25004742.50  | 0.36%             | 2026-03-03      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                                      | Mizuho Bank Ltd/New York NY                            | CUSIP: 60710TE49<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |  21000000 | PA      | $21002816.10  | 0.31%             | 2026-02-18      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                                      | Mizuho Bank Ltd/New York NY                            | CUSIP: 60710TG47<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |  39160000 | PA      | $39168615.20  | 0.57%             | 2026-03-11      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                 | Morgan Stanley Private Bank NA                         | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   4710000 | PA      | $4740071.47   | 0.07%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                 | Morgan Stanley Private Bank NA                         | CUSIP: 61776NZU0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |  26465000 | PA      | $26538548.62  | 0.39%             | 2028-11-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MUFG BANK LTD/NY                                                        | MUFG Bank Ltd/New York NY                              | CUSIP: 62479MF24<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |  22510000 | PA      | $22224384.12  | 0.32%             | 2026-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Taxable Municipal Funding Trust                                         | TXBL MUNI FUNDING TRUST VARIOUS STATES                 | CUSIP: 62630WEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $840000.00    | 0.01%             | 2030-09-01      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                              | NBN Co Ltd                                             | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |  27660000 | PA      | $27686969.88  | 0.40%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| NTT FINANCE CORP                                                        | NTT Finance Corp                                       | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |  15670000 | PA      | $15806551.98  | 0.23%             | 2027-07-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                                 | National Australia Bank Ltd                            | CUSIP: 632525CG4<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |  13400000 | PA      | $13418762.68  | 0.20%             | 2028-03-06      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                | National Australia Bank Ltd/New York                   | CUSIP: 632525CJ8<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |  12095000 | PA      | $12232244.87  | 0.18%             | 2028-06-13      | Fixed         | 4.31%                 | No            |                  2 | On Loan: —       |
| NATIONAL AUSTRALI BANK L                                                | National Australia Bank Ltd                            | CUSIP: 63254GV28<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  16190000 | PA      | $16193207.24  | 0.24%             | 2026-03-17      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                 | National Bank of Canada                                | CUSIP: 63307MF46<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  32670000 | PA      | $32250281.98  | 0.47%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                 | National Bank of Canada                                | CUSIP: 63307MGV5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  15500000 | PA      | $15215575.00  | 0.22%             | 2026-07-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                 | National Bank of Canada                                | CUSIP: 63307MH36<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  35000000 | PA      | $34340211.50  | 0.50%             | 2026-08-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                 | National Bank of Canada                                | CUSIP: 63307NRE9<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  35810000 | PA      | $35824869.39  | 0.52%             | 2026-12-29      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                 | National Bank of Canada                                | CUSIP: 63307NRN9<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |   9950000 | PA      | $9953751.15   | 0.14%             | 2027-01-13      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| National Bank of Kuwait/New York NY                                     | National Bank of Kuwait/New York NY                    | CUSIP: 63376GBD9<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |  34085000 | PA      | $34098378.36  | 0.50%             | 2027-01-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NATL BANK OF KUWAIT NY                                                  | National Bank of Kuwait/New York NY                    | CUSIP: 63423KCW0<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | US        |  34000000 | PA      | $33790485.20  | 0.49%             | 2026-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                | National Rural Utilities Cooperative Finance Corp      | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   6125000 | PA      | $6218128.85   | 0.09%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                | National Rural Utilities Cooperative Finance Corp      | CUSIP: 63743HGA4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |  16125000 | PA      | $16145477.14  | 0.23%             | 2026-10-30      | Floating      | 4.00%                 | No            |                  2 | On Loan: —       |
| NATIONAL RURAL UTIL COOP                                                | National Rural Utilities Cooperative Finance Corp      | CUSIP: 63743HGB2<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |  13545000 | PA      | $13575287.43  | 0.20%             | 2027-12-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                                  | National Securities Clearing Corp                      | CUSIP: 637639AN5<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |  26590000 | PA      | $26786094.87  | 0.39%             | 2027-05-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCI                                                | Nationwide Building Society                            | CUSIP: 6385E1CR0<br>LEI: 549300XFX12G42QIKN82 | Long             | STIV             | CORP              | GB        |  13050000 | PA      | $12977689.95  | 0.19%             | 2026-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Natixis SA/New York NY                                                  | Natixis SA/New York NY                                 | CUSIP: 63873TCN6<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  35970000 | PA      | $36022624.11  | 0.52%             | 2026-05-13      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Natixis SA/New York NY                                                  | Natixis SA/New York NY                                 | CUSIP: 63873TEL8<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  17000000 | PA      | $17037544.50  | 0.25%             | 2026-07-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                     | NatWest Markets PLC                                    | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |  22400000 | PA      | $22766401.73  | 0.33%             | 2028-03-21      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                     | NatWest Markets PLC                                    | CUSIP: 63906YAT5<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |  32250000 | PA      | $32335581.18  | 0.47%             | 2028-11-06      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV             | CUSIP: 64972JUG1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1684278.67   | 0.02%             | 2027-05-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV             | CUSIP: 64972JUW6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  14325000 | PA      | $14408254.04  | 0.21%             | 2026-11-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                  | NextEra Energy Capital Holdings Inc                    | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   9825000 | PA      | $9937419.03   | 0.14%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                  | NextEra Energy Capital Holdings Inc                    | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  10270000 | PA      | $10452970.22  | 0.15%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| NEXTERA ENERGY CAP HLDGS                                                | NextEra Energy Capital Holdings Inc                    | CUSIP: 65339NC51<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |  16750000 | PA      | $16688874.23  | 0.24%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                     | Nissan Auto Receivables 2024-B Owner Trust             | CUSIP: 65479WAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3228388 | PA      | $3231254.00   | 0.05%             | 2027-06-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                                 | Nissan Auto Lease Trust 2025-A                         | CUSIP: 65479XAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15340673 | PA      | $15391398.29  | 0.22%             | 2027-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                     | Nissan Auto Receivables 2025-A Owner Trust             | CUSIP: 65481GAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28475579 | PA      | $28559473.51  | 0.42%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                                 | Nissan Auto Lease Trust 2025-B                         | CUSIP: 65481RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20070000 | PA      | $20150781.75  | 0.29%             | 2028-03-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                     | Nissan Auto Receivables 2025-B Owner Trust             | CUSIP: 65490DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14126000 | PA      | $14151952.29  | 0.21%             | 2028-07-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                     | Nissan Auto Receivables 2025-B Owner Trust             | CUSIP: 65490DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8921000 | PA      | $8928372.31   | 0.13%             | 2028-07-17      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                         | Nordea Bank Abp                                        | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  11765000 | PA      | $11825210.45  | 0.17%             | 2028-03-17      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                                                | Nordea Bank Abp/New York NY                            | CUSIP: 65558WLD8<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  12910000 | PA      | $12913250.74  | 0.19%             | 2026-03-17      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                | Northwestern Mutual Global Funding                     | CUSIP: 66815L2V0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |  20970000 | PA      | $21218030.43  | 0.31%             | 2028-03-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                | Northwestern Mutual Global Funding                     | CUSIP: 66815L2X6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   7580000 | PA      | $7615858.93   | 0.11%             | 2028-08-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE AMERICAS INC                                                | NTT Finance Americas Inc                               | CUSIP: 67018DBR0<br>LEI: 5493002G2563PEW0DU90 | Long             | STIV             | CORP              | US        |  17565000 | PA      | $17516318.60  | 0.25%             | 2026-02-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OVERWATCH BRAVO FUND                                                    | Overwatch Bravo Funding LLC                            | CUSIP: 69040CCK4<br>LEI: 254900PNCXTKEIEUSA81 | Long             | STIV             | CORP              | US        |  13250000 | PA      | $13183962.00  | 0.19%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                  | PNC Financial Services Group Inc/The                   | CUSIP: 693475CG8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  23950000 | PA      | $23983743.63  | 0.35%             | 2029-01-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                                             | PNC Bank NA                                            | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  22560000 | PA      | $22590000.29  | 0.33%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                      | Pacific Life Global Funding II                         | CUSIP: 6944PL3G2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  23140000 | PA      | $23176559.12  | 0.34%             | 2027-02-04      | Floating      | 4.31%                 | No            |                  2 | On Loan: —       |
| PAYPAL HOLDINGS INC                                                     | PayPal Holdings Inc                                    | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |  10625000 | PA      | $10657134.14  | 0.15%             | 2028-03-06      | Floating      | 4.38%                 | No            |                  2 | On Loan: —       |
| PAYPAL HOLDINGS INC                                                     | PayPal Holdings Inc                                    | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   6610000 | PA      | $6680694.15   | 0.10%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                                                 | Penske Truck Leasing Co LP                             | CUSIP: 70962BB29<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  20095000 | PA      | $20088523.38  | 0.29%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                                                 | Penske Truck Leasing Co LP                             | CUSIP: 70962BCT9<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |   8350000 | PA      | $8297602.92   | 0.12%             | 2026-03-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                              | Pfizer Inc                                             | CUSIP: 717081FJ7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   5970000 | PA      | $5990045.29   | 0.09%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                  | Philip Morris International Inc                        | CUSIP: 718172DX4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  21960000 | PA      | $21931532.59  | 0.32%             | 2028-10-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Porsche Financial Auto Securitization Trust                             | Porsche Financial Auto Securitization Trust 2024-1     | CUSIP: 73328EAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    167251 | PA      | $167304.59    | 0.00%             | 2028-01-24      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust                                    | Porsche Innovative Lease Owner Trust 2025-1            | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15705143 | PA      | $15756904.29  | 0.23%             | 2027-12-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                 | Pricoa Global Funding I                                | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8575881.29   | 0.12%             | 2027-08-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| PRINCIPAL LFE GLB FND II                                                | Principal Life Global Funding II                       | CUSIP: 74256LES4<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   9750000 | PA      | $9570845.31   | 0.14%             | 2026-11-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                | Principal Life Global Funding II                       | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |  13570000 | PA      | $13701786.28  | 0.20%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                | Principal Life Global Funding II                       | CUSIP: 7425APAD7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   6315000 | PA      | $6335341.50   | 0.09%             | 2028-08-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                  | Protective Life Global Funding                         | CUSIP: 743672AJ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30096424.80  | 0.44%             | 2028-09-11      | Floating      | 4.54%                 | No            |                  2 | On Loan: —       |
| PROTECTIVE LIFE GLOBAL                                                  | Protective Life Global Funding                         | CUSIP: 74368CBX1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  15250000 | PA      | $15427156.05  | 0.22%             | 2027-01-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: —       |
| PROTECTIVE LIFE SHORT                                                   | Protective Life Short Term Funding LLC                 | CUSIP: 74368GHS7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   8250000 | PA      | $8074586.85   | 0.12%             | 2026-08-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                                      | Pure Grove Funding                                     | CUSIP: 74625UB93<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |  13780000 | PA      | $13765850.70  | 0.20%             | 2026-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                                      | Pure Grove Funding                                     | CUSIP: 74625UBR3<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |  17050000 | PA      | $17004121.86  | 0.25%             | 2026-02-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                                      | Pure Grove Funding                                     | CUSIP: 74625UJA2<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |  32500000 | PA      | $31758090.00  | 0.46%             | 2026-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                | RTX Corp                                               | CUSIP: 75513ECQ2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5590000 | PA      | $5591237.40   | 0.08%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RELIANCE FUNDING CO LLC                                                 | Reliance Funding Co LLC                                | CUSIP: 75946HB59<br>LEI: 984500FEC3CBFAFD4111 | Long             | STIV             | CORP              | US        |  29040000 | PA      | $29022154.92  | 0.42%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RELIANCE FUNDING CO LLC                                                 | Reliance Funding Co LLC                                | CUSIP: 75946HDM0<br>LEI: 984500FEC3CBFAFD4111 | Long             | STIV             | CORP              | US        |  34405000 | PA      | $34113933.70  | 0.50%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIDGEFIELD FUNDNG CO LLC                                                | Ridgefield Funding Co LLC                              | CUSIP: 76582KBT7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  17171000 | PA      | $17121212.69  | 0.25%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                   | Rio Tinto Finance USA PLC                              | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   5585000 | PA      | $5624177.04   | 0.08%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| RIO TINTO FIN USA PLC                                                   | Rio Tinto Finance USA PLC                              | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   7450000 | PA      | $7510847.20   | 0.11%             | 2028-03-14      | Floating      | 4.52%                 | No            |                  2 | On Loan: —       |
| ROCHE HOLDINGS INC                                                      | Roche Holdings Inc                                     | CUSIP: 771196CE0<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |  13170000 | PA      | $13305921.12  | 0.19%             | 2026-11-13      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                    | Royal Bank of Canada                                   | CUSIP: 78013WET3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |  15000000 | PA      | $14818918.50  | 0.22%             | 2026-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada/New York NY                                        | Royal Bank of Canada/New York NY                       | CUSIP: 78015JWQ6<br>LEI: 549300HXQQQCCUBS2Z23 | Long             | STIV             | CORP              | US        |  27690000 | PA      | $27690969.15  | 0.40%             | 2026-10-05      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| SALISBURY RECEIVABLES CO                                                | Salisbury Receivables Co LLC                           | CUSIP: 79490BBB1<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |  65000000 | PA      | $64919816.00  | 0.94%             | 2026-02-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALISBURY RECEIVABLES CO                                                | Salisbury Receivables Co LLC                           | CUSIP: 79490BF43<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |  11250000 | PA      | $11104427.25  | 0.16%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                                      | Siemens Funding BV                                     | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |  37720000 | PA      | $38144294.55  | 0.55%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| SKANDINAVISKA ENSKILDA                                                  | Skandinaviska Enskilda Banken AB                       | CUSIP: 830505BE2<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  30540000 | PA      | $30881933.78  | 0.45%             | 2028-06-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SKANDINAV ENSKILDA BANK                                                 | Skandinaviska Enskilda Banken AB                       | CUSIP: 83050UET1<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  24870000 | PA      | $24572716.46  | 0.36%             | 2026-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA BANK                                                 | Skandinaviska Enskilda Banken AB                       | CUSIP: 83050WQM9<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  20350000 | PA      | $20363622.29  | 0.30%             | 2026-04-22      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank/New York                                        | Standard Chartered Bank/New York                       | CUSIP: 85325VQP8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |  25270000 | PA      | $25276355.41  | 0.37%             | 2026-02-11      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BK/NY                                                | Standard Chartered Bank/New York                       | CUSIP: 85325VTX8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |  19600000 | PA      | $19603241.06  | 0.28%             | 2027-02-05      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                          | Starbucks Corp                                         | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |  14940000 | PA      | $15073765.89  | 0.22%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TR                                                  | State Street Bank & Trust Co                           | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   5720000 | PA      | $5732011.14   | 0.08%             | 2026-11-25      | Floating      | 4.22%                 | No            |                  2 | On Loan: —       |
| STATE STREET BANK & TR                                                  | State Street Bank & Trust Co                           | CUSIP: 8574P1PY6<br>LEI: 571474TGEMMWANRLN572 | Long             | STIV             | CORP              | US        |  31000000 | PA      | $31007495.80  | 0.45%             | 2026-05-27      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                            | Stryker Corp                                           | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  26280000 | PA      | $26477327.58  | 0.38%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                | Sumitomo Mitsui Financial Group Inc                    | CUSIP: 86562MEJ5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  12965000 | PA      | $12968554.35  | 0.19%             | 2029-01-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                | Sumitomo Mitsui Trust Bank Ltd                         | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  12000000 | PA      | $12123824.88  | 0.18%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| SUMITOMO MITSUI TR BK LT                                                | Sumitomo Mitsui Trust Bank Ltd                         | CUSIP: 86563VBT5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  13820000 | PA      | $13937739.49  | 0.20%             | 2027-09-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANKING                                                 | Sumitomo Mitsui Banking Corp                           | CUSIP: 86565GPQ7<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |  33620000 | PA      | $33636440.18  | 0.49%             | 2026-03-04      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANKING                                                 | Sumitomo Mitsui Banking Corp                           | CUSIP: 86565GQJ2<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |  11650000 | PA      | $11656683.61  | 0.17%             | 2026-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANK NY                                                 | Sumitomo Mitsui Banking Corp/New York                  | CUSIP: 86565GTZ3<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  20250000 | PA      | $20254669.65  | 0.29%             | 2026-04-15      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                | Svenska Handelsbanken AB                               | CUSIP: 86959LAS2<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  12460000 | PA      | $12600189.45  | 0.18%             | 2028-05-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                                | Svenska Handelsbanken/New York NY                      | CUSIP: 86959TNF9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  19250000 | PA      | $19261851.84  | 0.28%             | 2026-04-22      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                                | Svenska Handelsbanken/New York NY                      | CUSIP: 86959TNL6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   8020000 | PA      | $8025367.79   | 0.12%             | 2026-04-30      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken/New York NY                                       | Svenska Handelsbanken/New York NY                      | CUSIP: 86959TST4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  51100000 | PA      | $51119734.82  | 0.74%             | 2026-09-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| TELSTRA GROUP LTD                                                       | Telstra Group Ltd                                      | CUSIP: 8796VRCJ8<br>LEI: 894500WRW54CVN62K416 | Long             | STIV             | CORP              | AU        |  25830000 | PA      | $25702709.76  | 0.37%             | 2026-03-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Telstra Group Ltd                                                       | Telstra Group Ltd                                      | CUSIP: 8796VRDW8<br>LEI: 894500WRW54CVN62K416 | Long             | STIV             | CORP              | AU        |  12210000 | PA      | $12088968.38  | 0.18%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                                | Thermo Fisher Scientific Inc                           | CUSIP: 883556CZ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10095879.40  | 0.15%             | 2026-12-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| TORONTO DOMINION BANK NY                                                | Toronto-Dominion Bank/NY                               | CUSIP: 89115D3C8<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   7720000 | PA      | $7725633.75   | 0.11%             | 2026-05-04      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                                                | Toronto-Dominion Bank/NY                               | CUSIP: 89115DFR2<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  10500000 | PA      | $10508205.75  | 0.15%             | 2026-12-31      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                                                | Toronto-Dominion Bank/NY                               | CUSIP: 89115DQY5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  29200000 | PA      | $29228641.11  | 0.42%             | 2026-09-04      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                                     | TORONTO DOMINION BK                                    | CUSIP: 89115DRF5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | US        |   8320000 | PA      | $8324672.51   | 0.12%             | 2026-03-04      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK                                                   | Toronto-Dominion Bank/The                              | CUSIP: 89119BMA1<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   8830000 | PA      | $8550276.20   | 0.12%             | 2026-12-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2025-D Owner Trust             | CUSIP: 89231GAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13308000 | PA      | $13320919.41  | 0.19%             | 2028-08-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2025-D Owner Trust             | CUSIP: 89231GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9445000 | PA      | $9449588.38   | 0.14%             | 2028-08-15      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2025-B Owner Trust             | CUSIP: 89231HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10708390 | PA      | $10718734.41  | 0.16%             | 2028-03-15      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                | Toyota Motor Credit Corp                               | CUSIP: 89236TMD4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13955000 | PA      | $14012182.43  | 0.20%             | 2026-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                | Toyota Motor Credit Corp                               | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13670000 | PA      | $13677791.90  | 0.20%             | 2026-04-10      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                | Toyota Motor Credit Corp                               | CUSIP: 89236TMS1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13670000 | PA      | $13803105.75  | 0.20%             | 2027-10-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                | Toyota Motor Credit Corp                               | CUSIP: 89236TPF6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20007001.60  | 0.29%             | 2028-01-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2025-C Owner Trust             | CUSIP: 89238VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  40402000 | PA      | $40651425.79  | 0.59%             | 2030-03-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2024-D Owner Trust             | CUSIP: 89239TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1646037 | PA      | $1647888.71   | 0.02%             | 2027-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2026-A Owner Trust             | CUSIP: 89240KAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24379000 | PA      | $24388251.83  | 0.35%             | 2028-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                     | Toyota Auto Receivables 2026-A Owner Trust             | CUSIP: 89240KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7734000 | PA      | $7735487.25   | 0.11%             | 2028-12-15      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                | Toyota Lease Owner Trust 2025-B                        | CUSIP: 89240NAB8<br>LEI: 25490023VYI9VGKU0357 | Long             | ABS-O            | CORP              | US        |  13370000 | PA      | $13390172.66  | 0.19%             | 2028-05-22      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                | Toyota Lease Owner Trust 2025-B                        | CUSIP: 89240NAC6<br>LEI: 25490023VYI9VGKU0357 | Long             | ABS-O            | CORP              | US        |   4531000 | PA      | $4533258.70   | 0.07%             | 2028-05-22      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                             | Truist Bank                                            | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  36315000 | PA      | $36518377.80  | 0.53%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                             | Truist Bank                                            | CUSIP: 89788JAJ8<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  12430000 | PA      | $12444066.78  | 0.18%             | 2029-01-27      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                      | UBS AG/Stamford CT                                     | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  16755000 | PA      | $16901225.41  | 0.25%             | 2028-01-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                      | UBS AG/Stamford CT                                     | CUSIP: 90261AAE2<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  49020000 | PA      | $49082200.50  | 0.71%             | 2027-05-17      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                                     | TRI PARTY BOFA BRYWMNXC6                               | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  19000000 | PA      | $19000000.00  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                                 | TRI PARTY BOFA BRYX2JL61                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | RA               | CORP              | US        |  35000000 | PA      | $35000000.00  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| USAA Auto Owner Trust                                                   | USAA Auto Owner Trust 2025-A                           | CUSIP: 90327HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10735000 | PA      | $10741683.61  | 0.16%             | 2028-03-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| USAA CAPITAL CORP                                                       | USAA Capital Corp                                      | CUSIP: 90327QDA4<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |  15395000 | PA      | $15570634.78  | 0.23%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Union Electric Co                                                       | Union Electric Co                                      | CUSIP: 90655KB29<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19993772.00  | 0.29%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                                | United Overseas Bank Ltd                               | CUSIP: 91127KAL6<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |  14125000 | PA      | $14163420.00  | 0.21%             | 2028-04-02      | Floating      | 4.25%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                  | U.S. Treasury Notes                                    | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11860000 | PA      | $11851113.54  | 0.17%             | 2026-02-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                  | U.S. Treasury Notes                                    | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27420000 | PA      | $27437565.80  | 0.40%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                  | U.S. Treasury Notes                                    | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13825000 | PA      | $13815387.34  | 0.20%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                  | U.S. Treasury Notes                                    | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41195000 | PA      | $41336929.55  | 0.60%             | 2026-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                  | U.S. Treasury Notes                                    | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $30111328.20  | 0.44%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                  | U.S. Treasury Notes                                    | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25108398.50  | 0.36%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                  | UnitedHealth Group Inc                                 | CUSIP: 91324PFF4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $4009752.38   | 0.06%             | 2026-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                                                           | VW Credit Inc                                          | CUSIP: 91842KBK1<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11974383.60  | 0.17%             | 2026-02-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                                                           | VW Credit Inc                                          | CUSIP: 91842KC53<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |  21130000 | PA      | $21052890.29  | 0.31%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                                                           | VW Credit Inc                                          | CUSIP: 91842KCL8<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |  15460000 | PA      | $15378487.15  | 0.22%             | 2026-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                                                           | VW Credit Inc                                          | CUSIP: 91842KG18<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |  10310000 | PA      | $10142463.53  | 0.15%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                  | Verizon Communications Inc                             | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   6218000 | PA      | $6237277.91   | 0.09%             | 2027-03-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| VERTO CAPITAL I CO D                                                    | Verto Capital I Compartment D                          | CUSIP: 92541DBD5<br>LEI: 6354002PK2XXIMVH8H29 | Long             | STIV             | CORP              | US        |   8785000 | PA      | $8772341.69   | 0.13%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERTO CAPITAL COMP A                                                    | Verto Capital I Compartment A                          | CUSIP: 92544LBB8<br>LEI: 635400H24DGVN77S6U37 | Long             | STIV             | CORP              | US        |  18000000 | PA      | $17977795.20  | 0.26%             | 2026-02-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                | Volkswagen Group of America Finance LLC                | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  14160000 | PA      | $14166552.82  | 0.21%             | 2026-03-20      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                | Volkswagen Group of America Finance LLC                | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  18010000 | PA      | $18067527.18  | 0.26%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                             | Volkswagen Auto Lease Trust 2025-B                     | CUSIP: 92868BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7189000 | PA      | $7196779.22   | 0.10%             | 2028-04-20      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                             | Volkswagen Auto Lease Trust 2025-B                     | CUSIP: 92868BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6524000 | PA      | $6530499.86   | 0.09%             | 2028-04-20      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                                     | TRI PARTY BOFA SECURITIES INC.                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  54750000 | PA      | $54750000.00  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                          | TRI PARTY BNP PARIBAS                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | RA               | CORP              | US        |  46750000 | PA      | $46750000.00  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Securities USA LLC                                               | TRI PARTY MIZUHO                                       | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | RA               | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Securities USA LLC                                               | TRI PARTY MIZUHO SECURITIES US                         | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | RA               | CORP              | US        | 120000000 | PA      | $120000000.00 | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                                              | TRIPARTY WELLS FARGO                                   | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Long             | RA               | CORP              | US        |  90000000 | PA      | $90000000.00  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                    | Waste Management Inc                                   | CUSIP: 94106LBX6<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   9390000 | PA      | $9542181.95   | 0.14%             | 2027-07-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| CITIGROUP GLOBAL MARKETS INC                                            | TRI PARTY CITIGROUP                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  96000000 | PA      | $96000000.00  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC                                            | TRI PARTY CITIGROUP                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  12000000 | PA      | $12000000.00  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                                            | TRI PARTY DEUTSCHE BANK                                | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | RA               | CORP              | US        |  30000000 | PA      | $30000000.00  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                   | Wells Fargo & Co                                       | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9277697.31   | 0.13%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                   | Wells Fargo & Co                                       | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13160000 | PA      | $13193718.42  | 0.19%             | 2028-01-24      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                                  | TRI PARTY GOLDMAN SACHS                                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Long             | RA               | CORP              | US        |  90000000 | PA      | $90000000.00  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Union Co/The                                                    | Western Union Co/The                                   | CUSIP: 95980HB62<br>LEI: 28ID94QU1140NC23S047 | Long             | STIV             | CORP              | US        |  14000000 | PA      | $13989764.60  | 0.20%             | 2026-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD                                                 | Westpac New Zealand Ltd                                | CUSIP: 96122FAF4<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |  12155000 | PA      | $12192147.14  | 0.18%             | 2029-01-29      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WESTPAC SECURITIES NZ LT                                                | Westpac Securities NZ Ltd/London                       | CUSIP: 96122HJJ3<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |  18700000 | PA      | $18257230.75  | 0.27%             | 2026-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC SECURITIES NZ LT                                                | Westpac Securities NZ Ltd/London                       | CUSIP: 96122HKT9<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |  33000000 | PA      | $32099100.00  | 0.47%             | 2026-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                    | Westpac Banking Corp                                   | CUSIP: 9612C1J81<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |  37040000 | PA      | $36204607.25  | 0.53%             | 2026-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                    | Westpac Banking Corp                                   | CUSIP: 9612E0DL8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  13570000 | PA      | $13592198.21  | 0.20%             | 2028-03-06      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                                     | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  90851347 | NS      | $90896772.78  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE                                                | Wisconsin Public Service Corp                          | CUSIP: 97684HB59<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19987404.00  | 0.29%             | 2026-02-05      | None          | 0.00%                 | 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        |    820000 | NS      | $820000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** iShares U.S. ETF Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer