iShares Trust

iShares ETF

Non-Expiring

Aaa - A Rated Corporate Bond

Floating Rate Bond

The Markets in Review

Dear Shareholder,

The 12-month reporting period as of April 30, 2022 saw the emergence of significant challenges that disrupted the economic recovery and strong financial markets which characterized 2021. The U.S. economy shrank in the first quarter of 2022, ending the run of robust growth which followed reopening and the development of the COVID-19 vaccines. Rapid changes in consumer spending led to supply constraints and elevated inflation, which reached a 40-year high. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the invasion has presented challenges for both investors and policymakers.

Equity prices were mixed but mostly down, as persistently high inflation drove investors’ expectations for higher interest rates, particularly weighing on relatively high valuation growth stocks and economically sensitive small-capitalization stocks. Overall, small-capitalization U.S. stocks declined, while large-capitalization U.S. stocks were nearly flat. Both emerging market stocks and international equities from developed markets fell significantly, pressured by rising interest rates and a strengthening U.S. dollar.

The 10-year U.S. Treasury yield (which is inversely related to bond prices) rose during the reporting period as increasing inflation drove investors’ expectations for higher interest rates. The corporate bond market also faced inflationary headwinds, and increasing uncertainty led to higher corporate bond spreads (the difference in yield between U.S. Treasuries and similarly-dated corporate bonds).

The U.S. Federal Reserve (the “Fed”), acknowledging that inflation is growing faster than expected, raised interest rates in March 2022, the first increase of this business cycle. Furthermore, the Fed wound down its bond-buying programs and raised the prospect of reversing the flow and reducing its balance sheet. Continued high inflation and the Fed’s new tone led many analysts to anticipate that the Fed will continue to raise interest rates multiple times throughout the year.

Looking ahead, however, the horrific war in Ukraine has significantly clouded the outlook for the global economy, leading to major volatility in energy and metal markets. Sanctions on Russia, Europe’s top energy supplier, and general wartime disruption are likely to drive already-high commodity prices even higher. We believe sharp increases in energy prices will exacerbate inflationary pressure while also constraining economic growth. Combating inflation without stifling a recovery, while buffering against ongoing supply and price shocks amid the ebb and flow of the pandemic, will be an especially challenging environment for setting effective monetary policy. Despite the likelihood of more rate increases on the horizon, we believe the Fed will err on the side of protecting employment, even at the expense of higher inflation.

In this environment, we favor an overweight to equities, as valuations have become more attractive and inflation-adjusted interest rates remain low. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and healthcare, are particularly attractive in the long term. We favor U.S. equities due to strong earnings momentum, while Japanese equities should benefit from supportive monetary and fiscal policy. We are underweight credit overall, but inflation-protected U.S. Treasuries, Asian fixed income, and emerging market local-currency bonds offer potential opportunities for additional yield. We believe that international diversification and a focus on sustainability and quality can help provide portfolio resilience.

Overall, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

Sincerely,

LOGO

Rob Kapito

President, BlackRock, Inc.

LOGO

Rob Kapito

President, BlackRock, Inc.


Total Returns as of April 30, 2022

	6-Month			12-Month

U.S. large cap equities (S&P 500^® Index)		(9.65)	%		0.21%

U.S. small cap equities (Russell 2000^® Index)		(18.38)			(16.87)

International equities (MSCI Europe, Australasia, Far East Index)		(11.80)			(8.15)

Emerging market equities (MSCI Emerging Markets Index)		(14.15)			(18.33)

3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)		0.07			0.08

U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)		(10.29)			(8.86)

U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)		(9.47)			(8.51)

Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)		(7.90)			(7.88)

U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)		(7.40)			(5.22)

Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

The iShares Aaa - A Rated Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of Aaa to A, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations, as represented by the Bloomberg U.S. Corporate Aaa - A Capped Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 8 for more information.

The iShares BB Rated Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of BB (or its equivalent) fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporate issuers, as represented by the ICE BofA BB US High Yield Constrained Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

The inception date of the Fund was 10/6/20. The first day of secondary market trading was 10/8/20.

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA BB US High Yield Constrained Index. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA BB US High Yield Constrained Index. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA BB US High Yield Constrained Index.

The iShares Convertible Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated convertible securities, specifically cash pay bonds, with outstanding issue sizes greater than $250 million, as represented by the Bloomberg U.S. Convertible Cash Pay Bond >$250MM Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

The inception date of the Fund was 6/2/15. The first day of secondary market trading was 6/4/15.

The iShares Floating Rate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds with remaining maturities between one month and five years, as represented by the Bloomberg US Floating Rate Note <5 Years Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.

Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.

An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.

Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.

The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During Period.”

The expense examples also provide information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in a Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.


Security	Par (000)		Value

Corporate Bonds & Notes

Aerospace & Defense — 0.9%
General Dynamics Corp.
1.15%, 06/01/26 (Call 05/01/26)	$	165	$	150,185
1.88%, 08/15/23 (Call 06/15/23)		277		273,814
2.13%, 08/15/26 (Call 05/15/26)		425		400,388
2.25%, 06/01/31 (Call 03/01/31)^(a)		155		136,818
2.38%, 11/15/24 (Call 09/15/24)		90		88,150
2.63%, 11/15/27 (Call 08/15/27)^(a)		353		334,905
2.85%, 06/01/41 (Call 12/01/40)		320		259,722
3.25%, 04/01/25 (Call 03/01/25)		475		473,708
3.38%, 05/15/23 (Call 04/15/23)		82		82,635
3.50%, 05/15/25 (Call 03/15/25)		462		463,497
3.50%, 04/01/27 (Call 02/01/27)		487		482,763
3.60%, 11/15/42 (Call 05/14/42)^(a)		278		250,598
3.63%, 04/01/30 (Call 01/01/30)^(a)		540		531,301
3.75%, 05/15/28 (Call 02/15/28)		412		410,649
4.25%, 04/01/40 (Call 10/01/39)		449		443,639
4.25%, 04/01/50 (Call 10/01/49)^(a)		207		206,354
Lockheed Martin Corp.
2.80%, 06/15/50 (Call 12/15/49)		464		359,141
2.90%, 03/01/25 (Call 12/01/24)		545		545,093
3.55%, 01/15/26 (Call 10/15/25)		894		901,000
3.60%, 03/01/35 (Call 09/01/34)		333		315,204
3.80%, 03/01/45 (Call 09/01/44)		610		564,000
3.90%, 06/15/32		210		208,509
4.07%, 12/15/42		668		642,629
4.09%, 09/15/52 (Call 03/15/52)		811		781,058
4.15%, 06/15/53		300		291,144
4.30%, 06/15/62		300		293,046
4.50%, 05/15/36 (Call 11/15/35)		210		215,599
4.70%, 05/15/46 (Call 11/15/45)^(a)		593		627,074
Series B, 6.15%, 09/01/36		55		65,076


				10,797,699

Agriculture — 0.8%
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)		523		502,629
2.70%, 09/15/51 (Call 03/15/51)^(a)		365		282,379
2.90%, 03/01/32 (Call 12/01/31)		560		513,638
3.25%, 03/27/30 (Call 12/27/29)		655		624,811
4.50%, 03/15/49 (Call 09/15/48)		198		205,585
Philip Morris International Inc.
0.88%, 05/01/26 (Call 04/01/26)		405		363,795
1.13%, 05/01/23		380		373,985
1.50%, 05/01/25 (Call 04/01/25)		510		481,379
1.75%, 11/01/30 (Call 08/01/30)		10		8,180
2.10%, 05/01/30 (Call 02/01/30)		251		214,613
2.13%, 05/10/23 (Call 03/10/23)		333		331,495
2.75%, 02/25/26 (Call 11/25/25)		514		498,045
2.88%, 05/01/24 (Call 04/01/24)		340		338,773
3.13%, 08/17/27 (Call 05/17/27)		195		187,857
3.13%, 03/02/28 (Call 12/02/27)^(a)		255		242,362
3.25%, 11/10/24		767		765,558
3.38%, 08/11/25 (Call 05/11/25)		250		248,233
3.38%, 08/15/29 (Call 05/15/29)		289		273,015
3.60%, 11/15/23		259		261,885
3.88%, 08/21/42		335		279,648
4.13%, 03/04/43		389		334,956
4.25%, 11/10/44^(a)		603		528,698
4.38%, 11/15/41		421		377,595


Security	Par (000)		Value

Agriculture (continued)
4.50%, 03/20/42	$	371	$	338,222
4.88%, 11/15/43		392		372,674
6.38%, 05/16/38		730		825,959


				9,775,969

Airlines — 0.3%
American Airlines Pass Through Trust, Class A, 2.88%, 01/11/36		300		266,490
Delta Air Lines Pass Through Trust, Series 2020, Class AA, 2.00%, 12/10/29		32		28,780
JetBlue Pass Through Trust
Series 1A, Class A, 4.00%, 11/15/32		280		268,327
Series 2019-1, Class AA, 2.75%, 11/15/33		234		210,026
United Airlines Pass Through Trust
Series 2016-1, Class AA, 3.10%, 01/07/30		267		248,862
Series 2016-2, Class AA, 2.88%, 04/07/30		214		198,067
Series 2018-1, Class AA, 3.50%, 09/01/31		507		471,716
Series 2019-2, Class AA, 2.70%, 11/01/33		222		196,337
Series 2020-1, Class A, 5.88%, 10/15/27^(a)		1,402		1,419,406


				3,308,011

Apparel — 0.4%
NIKE Inc.
2.25%, 05/01/23 (Call 02/01/23)		427		426,539
2.38%, 11/01/26 (Call 08/01/26)		605		579,021
2.40%, 03/27/25 (Call 02/27/25)		638		623,371
2.75%, 03/27/27 (Call 01/27/27)^(a)		566		546,371
2.85%, 03/27/30 (Call 12/27/29)		717		668,810
3.25%, 03/27/40 (Call 09/27/39)		467		414,990
3.38%, 11/01/46 (Call 05/01/46)		260		230,121
3.38%, 03/27/50 (Call 09/27/49)		715		629,186
3.63%, 05/01/43 (Call 11/01/42)		242		221,527
3.88%, 11/01/45 (Call 05/01/45)^(a)		470		447,327
Ralph Lauren Corp., 2.95%, 06/15/30 (Call 03/15/30)^(a)		520		474,193


				5,261,456

Auto Manufacturers — 1.8%
American Honda Finance Corp.
0.55%, 07/12/24		67		63,247
0.65%, 09/08/23		158		153,456
0.88%, 07/07/23		245		239,860
1.00%, 09/10/25		560		515,407
1.20%, 07/08/25		290		269,778
1.30%, 09/09/26^(a)		535		485,962
1.50%, 01/13/25		500		476,170
1.80%, 01/13/31^(a)		50		42,038
1.95%, 05/10/23		543		538,656
2.00%, 03/24/28		420		379,415
2.15%, 09/10/24		465		453,054
2.25%, 01/12/29		450		404,141
2.30%, 09/09/26^(a)		376		356,335
2.35%, 01/08/27		382		360,142
2.40%, 06/27/24		246		242,544
2.90%, 02/16/24		634		631,312
3.45%, 07/14/23		70		70,508
3.50%, 02/15/28^(a)		396		389,260
3.55%, 01/12/24^(a)		68		68,486
3.63%, 10/10/23		529		533,565
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)		357		327,594
1.50%, 09/01/30 (Call 06/01/30)^(a)		203		166,407
2.60%, 09/01/50 (Call 03/01/50)		370		260,006


Security	Par (000)		Value

Auto Manufacturers (continued)
3.65%, 10/01/23 (Call 07/01/23)	$	462	$	465,913
4.88%, 10/01/43 (Call 04/01/43)		270		273,567
Daimler Finance North America LLC, 8.50%, 01/18/31		245		315,636
Honda Motor Co. Ltd., 2.97%, 03/10/32 (Call 12/10/31)^(a)		500		454,820
Toyota Motor Corp.
0.68%, 03/25/24 (Call 02/25/24)		645		616,504
1.34%, 03/25/26 (Call 02/25/26)		631		580,955
2.36%, 07/02/24^(a)		265		260,768
2.36%, 03/25/31 (Call 12/25/30)^(a)		270		241,369
2.76%, 07/02/29		350		326,165
3.42%, 07/20/23		35		35,265
3.67%, 07/20/28		16		15,918
Toyota Motor Credit Corp.
0.50%, 08/14/23		145		141,014
0.50%, 06/18/24		555		525,052
0.63%, 09/13/24^(a)		200		188,646
0.80%, 10/16/25		410		375,130
0.80%, 01/09/26		70		63,562
1.13%, 06/18/26		805		731,093
1.15%, 08/13/27^(a)		360		316,282
1.35%, 08/25/23		227		223,084
1.45%, 01/13/25^(a)		360		342,860
1.65%, 01/10/31		480		397,402
1.80%, 02/13/25^(a)		558		534,145
1.90%, 01/13/27^(a)		510		473,458
1.90%, 04/06/28		270		243,643
1.90%, 09/12/31		155		130,391
2.00%, 10/07/24		285		277,165
2.15%, 02/13/30		220		194,663
2.25%, 10/18/23		1,285		1,273,679
2.90%, 04/17/24^(a)		653		650,662
3.00%, 04/01/25		758		748,775
3.05%, 03/22/27		400		388,980
3.05%, 01/11/28		310		300,012
3.20%, 01/11/27		552		542,550
3.35%, 01/08/24		316		317,864
3.38%, 04/01/30^(a)		450		432,176
3.40%, 04/14/25		60		60,025
3.45%, 09/20/23		968		975,899
3.65%, 01/08/29		150		147,704


				22,010,139

Auto Parts & Equipment — 0.1%
Magna International Inc.
2.45%, 06/15/30 (Call 03/15/30)		561		491,700
3.63%, 06/15/24 (Call 03/15/24)		689		691,122
4.15%, 10/01/25 (Call 07/01/25)		478		484,501


				1,667,323

Banks — 33.9%
Australia & New Zealand Banking Group Ltd./New York NY, 3.70%, 11/16/25		710		716,752
Banco Bilbao Vizcaya Argentaria SA
0.88%, 09/18/23^(a)		500		483,375
1.13%, 09/18/25		630		571,819
Banco Santander SA
0.70%, 06/30/24 (Call 06/30/23)^(b)		300		290,013
1.72%, 09/14/27 (Call 09/14/26)^(b)		480		422,741
1.85%, 03/25/26		905		823,152
2.71%, 06/27/24		875		857,797
2.75%, 05/28/25		970		926,583


Security	Par (000)		Value

Banks (continued)
2.96%, 03/25/31	$	410	$	354,338
3.31%, 06/27/29^(a)		505		466,241
3.49%, 05/28/30		448		407,913
3.80%, 02/23/28		608		578,573
4.18%, 03/24/28 (Call 03/24/27)^(b)		600		582,840
4.25%, 04/11/27		205		201,784
4.38%, 04/12/28		668		652,683
Bank of America Corp.
0.52%, 06/14/24 (Call 06/14/23), (SOFR + 0.410%)^(b)		35		33,852
0.81%, 10/24/24 (Call 10/24/23), (SOFR + 0.740%)^(b)		456		437,883
0.98%, 04/22/25 (Call 04/22/24), (SOFR + 0.690%)^(b)		385		363,956
0.98%, 09/25/25 (Call 09/25/24), (SOFR + 0.910%)^(b)		496		462,029
1.20%, 10/24/26 (Call 10/24/25), (SOFR + 1.010%)^(b)		560		505,585
1.32%, 06/19/26 (Call 06/19/25), (SOFR + 1.150%)^(b)		697		638,738
1.49%, 05/19/24 (Call 05/19/23), (SOFR + 1.460%)^(b)		230		225,830
1.53%, 12/06/25 (Call 11/06/25), (SOFR + 0.650%)^(b)		180		168,734
1.73%, 07/22/27 (Call 07/22/26), (SOFR + 0.960%)^(b)		85		76,293
1.84%, 02/04/25 (Call 02/04/24), (SOFR + 0.670%)^(b)		645		624,218
1.92%, 10/24/31 (Call 10/24/30), (SOFR + 1.370%)^(b)		850		691,152
2.02%, 02/13/26 (Call 02/13/25), (3 mo. LIBOR US + 0.640%)^(b)		660		624,188
2.09%, 06/14/29 (Call 06/14/28), (SOFR + 1.060%)^(b)		645		561,543
2.30%, 07/21/32 (Call 07/21/31), (SOFR + 1.220%)^(b)		1,030		851,522
2.46%, 10/22/25 (Call 10/22/24), (3 mo. LIBOR US + 0.870%)^(b)		457		440,310
2.50%, 02/13/31 (Call 02/13/30), (3 mo. LIBOR US + 0.990%)^(b)		1,045		898,397
2.55%, 02/04/28 (Call 02/04/27), (SOFR + 1.050%)^(b)		750		692,235
2.57%, 10/20/32 (Call 10/20/31), (SOFR + 1.210%)^(b)		890		751,854
2.59%, 04/29/31 (Call 04/29/30), (SOFR + 2.150%)^(b)		689		596,998
2.68%, 06/19/41 (Call 06/19/40), (SOFR + 1.930%)^(b)		725		543,221
2.69%, 04/22/32 (Call 04/22/31), (SOFR + 1.880%)^(b)		1,185		1,019,183
2.83%, 10/24/51 (Call 10/24/50), (SOFR + 1.880%)^(b)		360		262,166
2.88%, 10/22/30 (Call 10/22/29), (3 mo. LIBOR US + 1.190%)^(b)		560		499,817
2.97%, 02/04/33 (Call 02/04/32), (SOFR + 1.330%)^(b)		985		858,940
2.97%, 07/21/52 (Call 07/21/51), (SOFR + 1.560%)^(b)		400		296,520
3.09%, 10/01/25 (Call 10/01/24), (3 mo. LIBOR US + 1.090%)^(b)		653		640,071
3.19%, 07/23/30 (Call 07/23/29), (3 mo. LIBOR US + 1.180%)^(b)		771		704,756
3.25%, 10/21/27 (Call 10/21/26)		719		684,833
3.31%, 04/22/42 (Call 04/22/41), (SOFR + 1.580%)^(b)		750		617,280
3.37%, 01/23/26 (Call 01/23/25), (3 mo. LIBOR US + 0.810%)^(b)		535		523,433
3.38%, 04/02/26 (Call 04/02/25)^(b)		500		489,240
3.42%, 12/20/28 (Call 12/20/27), (3 mo. LIBOR US + 1.040%)^(b)		1,312		1,241,795
3.46%, 03/15/25 (Call 03/15/24), (3 mo. LIBOR US + 0.970%)^(b)		890		883,076
3.50%, 04/19/26		690		677,697
3.56%, 04/23/27 (Call 04/23/26), (3 mo. LIBOR US + 1.060%)^(b)		752		730,613
3.59%, 07/21/28 (Call 07/21/27), (3 mo. LIBOR US + 1.370%)^(b)		509		488,523
3.71%, 04/24/28 (Call 04/24/27), (3 mo. LIBOR US + 1.512%)^(b)		500		483,285
3.82%, 01/20/28 (Call 01/20/27), (3 mo. LIBOR US + 1.575%)^(b)		710		690,383
3.84%, 04/25/25 (Call 04/27/24)^(a)(b)		1,000		999,040


Security	Par (000)		Value

Banks (continued)
3.86%, 07/23/24 (Call 07/23/23),
(3 mo. LIBOR US + 0.940%)^(b)	$	525	$	526,192
3.88%, 08/01/25		438		440,260
3.95%, 01/23/49 (Call 01/23/48),
(3 mo. LIBOR US + 1.19%)^(b)		309		275,217
3.97%, 03/05/29 (Call 03/05/28),
(3 mo. LIBOR US + 1.070%)^(b)		654		634,884
3.97%, 02/07/30 (Call 02/07/29),
(3 mo. LIBOR US + 1.210%)^(b)		635		613,302
4.00%, 04/01/24		935		948,165
4.08%, 04/23/40 (Call 04/23/39),
(3 mo. LIBOR US + 1.320%)^(b)		503		462,780
4.08%, 03/20/51 (Call 03/20/50),
(3 mo. LIBOR US + 1.315%)^(b)		1,203		1,083,723
4.10%, 07/24/23^(a)		489		496,936
4.13%, 01/22/24		802		813,653
4.24%, 04/24/38 (Call 04/24/37),
(3 mo. LIBOR US + 1.814%)^(b)		373		355,230
4.27%, 07/23/29 (Call 07/23/28),
(3 mo. LIBOR US + 1.310%)^(b)		878		863,364
4.33%, 03/15/50 (Call 03/15/49),
(3 mo. LIBOR US + 1.15%)^(b)		699		662,841
4.38%, 04/27/28 (Call 04/27/27)^(b)		910		908,553
4.44%, 01/20/48 (Call 01/20/47),
(3 mo. LIBOR US + 1.990%)^(b)		510		486,152
4.57%, 04/27/33 (Call 04/27/32)^(b)		790		786,619
4.88%, 04/01/44		250		251,208
5.00%, 01/21/44		502		512,386
5.88%, 02/07/42		453		512,728
Series N, 1.66%, 03/11/27 (Call 03/11/26),
(SOFR + 0.910%)^(b)		710		643,658
Series N, 2.65%, 03/11/32 (Call 03/11/31),
(SOFR + 1.220%)^(b)		431		370,117
Series N, 3.48%, 03/13/52 (Call 03/11/51),
(SOFR + 1.650%)^(b)		330		271,075
Bank of America N.A., 6.00%, 10/15/36		366		409,715
Bank of Montreal
0.40%, 09/15/23		185		178,710
0.45%, 12/08/23		408		391,219
0.63%, 07/09/24		610		574,626
0.75%, 01/10/25, (SOFR + 0.465%)^(b)		400		395,856
0.95%, 01/22/27 (Call 01/22/26), (SOFR + 0.603%)^(b)		635		570,313
1.25%, 09/15/26		1,030		920,047
1.50%, 01/10/25		225		212,900
1.85%, 05/01/25		442		419,622
2.15%, 03/08/24		300		293,961
2.50%, 06/28/24^(a)		485		476,600
2.65%, 03/08/27		300		281,355
Series E, 3.30%, 02/05/24		583		583,764
Bank of New York Mellon Corp. (The)
0.35%, 12/07/23 (Call 11/07/23)		100		96,103
0.50%, 04/26/24 (Call 03/26/24)		200		190,318
0.75%, 01/28/26 (Call 12/28/25)		290		263,210
1.05%, 10/15/26 (Call 09/15/26)^(a)		370		332,819
1.60%, 04/24/25 (Call 03/24/25)		609		578,020
1.65%, 07/14/28 (Call 05/14/28)^(a)		210		186,428
1.65%, 01/28/31 (Call 10/28/30)		230		192,639
1.80%, 07/28/31 (Call 04/28/31)^(a)		300		249,591
2.05%, 01/26/27 (Call 12/26/26)^(a)		100		93,555
2.10%, 10/24/24		496		484,666


Security	Par (000)		Value

Banks (continued)
2.20%, 08/16/23 (Call 06/16/23)	$	513	$	508,881
2.45%, 08/17/26 (Call 05/17/26)		508		488,036
2.80%, 05/04/26 (Call 02/04/26)		402		392,577
3.00%, 10/30/28 (Call 07/30/28)		216		201,426
3.25%, 09/11/24 (Call 08/11/24)		376		376,293
3.25%, 05/16/27 (Call 02/16/27)		198		194,737
3.30%, 08/23/29 (Call 05/23/29)		445		421,749
3.35%, 04/25/25		200		199,602
3.40%, 05/15/24 (Call 04/15/24)^(a)		486		489,135
3.40%, 01/29/28 (Call 10/29/27)		448		439,107
3.44%, 02/07/28 (Call 02/07/27),
(3 mo. LIBOR US + 1.069%)^(b)		566		557,323
3.45%, 08/11/23		245		246,950
3.85%, 04/28/28		165		165,358
3.85%, 04/26/29		200		198,058
Series 12, 3.65%, 02/04/24 (Call 01/05/24)		551		556,604
Series G, 3.00%, 02/24/25 (Call 01/24/25)		483		479,431
Series J, 0.85%, 10/25/24 (Call 09/25/24)		410		387,782
Bank of Nova Scotia (The)
0.40%, 09/15/23		100		96,754
0.55%, 09/15/23		292		282,609
0.65%, 07/31/24		255		239,335
0.70%, 04/15/24		475		451,701
1.05%, 03/02/26		465		417,463
1.30%, 06/11/25		125		116,018
1.30%, 09/15/26		575		514,458
1.35%, 06/24/26		400		361,076
1.45%, 01/10/25		595		562,251
1.63%, 05/01/23		510		504,349
1.95%, 02/02/27		510		464,992
2.15%, 08/01/31^(a)		545		457,304
2.20%, 02/03/25		761		732,531
2.45%, 02/02/32		500		425,410
2.70%, 08/03/26^(a)		464		442,489
3.40%, 02/11/24^(a)		636		637,119
3.45%, 04/11/25		1,000		988,650
Barclays PLC, 3.75%, 05/15/24		385		385,766
BPCE SA
3.38%, 12/02/26		540		524,599
4.00%, 04/15/24		760		766,794
Canadian Imperial Bank of Commerce
0.45%, 06/22/23		110		107,161
0.50%, 12/14/23		530		508,853
0.95%, 06/23/23		244		238,944
0.95%, 10/23/25		445		404,140
1.00%, 10/18/24		845		794,342
1.25%, 06/22/26		340		303,606
2.25%, 01/28/25		898		864,909
3.10%, 04/02/24^(a)		1,030		1,025,056
3.50%, 09/13/23		547		550,665
Citibank N.A., 3.65%, 01/23/24 (Call 12/23/23)^(a)		545		549,387
Citigroup Inc.
0.78%, 10/30/24 (Call 09/30/23), (SOFR + 0.686%)^(b)		1,155		1,106,351
0.98%, 05/01/25 (Call 05/01/24), (SOFR + 0.669%)^(b)		830		782,541
1.12%, 01/28/27 (Call 01/28/26), (SOFR + 0.765%)^(b)		430		383,723
1.28%, 11/03/25 (Call 11/03/24), (SOFR + 0.528%)^(b)		340		318,213
1.46%, 06/09/27 (Call 06/09/26), (SOFR + 0.770%)^(b)		1,341		1,193,262
1.68%, 05/15/24 (Call 05/15/23), (SOFR + 1.667%)^(b)		653		643,577
2.01%, 01/25/26 (Call 01/25/25), (SOFR + 0.694%)^(b)		735		695,016
2.52%, 11/03/32 (Call 11/03/31), (SOFR + 1.177%)^(b)		845		705,389


Security	Par (000)		Value

Banks (continued)
2.56%, 05/01/32 (Call 05/01/31), (SOFR + 1.167%)^(b)	$	1,370	$	1,157,760
2.57%, 06/03/31 (Call 06/03/30), (SOFR + 2.107%)^(b)		1,703		1,463,149
2.67%, 01/29/31 (Call 01/29/30), (SOFR + 1.146%)^(b)		1,101		959,026
2.90%, 11/03/42 (Call 11/03/41), (SOFR + 1.379%)^(b)		600		457,212
2.98%, 11/05/30 (Call 11/05/29), (SOFR + 1.422%)^(b)		1,038		928,647
3.06%, 01/25/33 (Call 01/25/32), (SOFR + 1.351%)^(b)		1,375		1,202,465
3.07%, 02/24/28 (Call 02/24/27), (SOFR + 1.280%)^(b)		1,160		1,091,688
3.11%, 04/08/26 (Call 04/08/25), (SOFR + 2.842%)^(b)		1,648		1,597,143
3.20%, 10/21/26 (Call 07/21/26)		1,329		1,280,585
3.29%, 03/17/26 (Call 03/17/25)^(b)		500		487,855
3.30%, 04/27/25		539		532,925
3.35%, 04/24/25 (Call 04/24/24),
(3 mo. LIBOR US + 0.897%)^(b)		1,513		1,491,077
3.40%, 05/01/26		955		930,924
3.52%, 10/27/28 (Call 10/27/27),
(3 mo. LIBOR US + 1.151%)^(b)		1,136		1,080,347
3.67%, 07/24/28 (Call 07/24/27),
(3 mo. LIBOR US + 1.390%)^(b)		1,179		1,133,998
3.70%, 01/12/26		770		761,522
3.75%, 06/16/24		376		378,756
3.79%, 03/17/33 (Call 03/17/32)^(b)		800		740,424
3.88%, 10/25/23^(a)		540		547,506
3.88%, 01/24/39 (Call 01/22/38),
(3 mo. LIBOR US + 1.168%)^(b)		521		473,313
3.89%, 01/10/28 (Call 01/10/27),
(3 mo. LIBOR US + 1.563%)^(b)		1,164		1,134,504
3.98%, 03/20/30 (Call 03/20/29),
(3 mo. LIBOR US + 1.338%)^(b)		165		158,382
4.04%, 06/01/24 (Call 06/01/23),
(3 mo. LIBOR US + 1.023%)^(a)(b)		744		748,107
4.08%, 04/23/29 (Call 04/23/28),
(3 mo. LIBOR US + 1.192%)^(b)		939		913,102
4.28%, 04/24/48 (Call 04/24/47),
(3 mo. LIBOR US + 1.839%)^(b)		426		401,637
4.41%, 03/31/31 (Call 03/31/30), (SOFR + 3.914%)^(b)		1,949		1,904,933
4.65%, 07/30/45		619		602,510
4.65%, 07/23/48 (Call 06/23/48)^(a)		1,228		1,214,603
5.32%, 03/26/41 (Call 03/26/40), (SOFR + 4.548%)^(b)		640		678,022
5.88%, 01/30/42		495		552,752
8.13%, 07/15/39		908		1,251,978
Comerica Bank, 2.50%, 07/23/24		255		249,801
Comerica Inc.
3.70%, 07/31/23 (Call 07/01/23)		573		576,747
4.00%, 02/01/29 (Call 10/31/28)		595		592,477
Cooperatieve Rabobank U.A./New York
0.38%, 01/12/24		465		443,852
1.38%, 01/10/25^(a)		450		427,203
3.38%, 05/21/25		780		775,437
5.25%, 05/24/41		396		450,985
Credit Suisse AG/New York NY
0.50%, 02/02/24		185		176,068
1.00%, 05/05/23		365		358,397
1.25%, 08/07/26		1,065		941,897
2.95%, 04/09/25		1,100		1,069,101
3.63%, 09/09/24		1,175		1,172,861
Credit Suisse USA Inc., 3.70%, 02/21/25		1,200		1,188,720
Deutsche Bank AG/New York NY
0.90%, 05/28/24		470		443,666
0.96%, 11/08/23		805		775,762
1.69%, 03/19/26		450		410,909


Security	Par (000)		Value

Banks (continued)
Fifth Third Bank NA
2.25%, 02/01/27 (Call 01/01/27)	$	695	$	651,319
3.95%, 07/28/25 (Call 06/28/25)		765		774,310
Goldman Sachs Group Inc. (The)
0.66%, 09/10/24 (Call 09/10/23), (SOFR + 0.505%)^(b)		140		134,610
0.86%, 02/12/26 (Call 02/12/25), (SOFR + 0.609%)^(b)		92		83,985
0.93%, 10/21/24 (Call 10/21/23), (SOFR + 0.486%)^(b)		500		480,870
1.09%, 12/09/26 (Call 12/09/25), (SOFR + 0.789%)^(b)		525		469,948
1.22%, 12/06/23 (Call 12/06/22)		500		485,925
1.43%, 03/09/27 (Call 03/09/26), (SOFR + 0.798%)^(b)		1,570		1,403,972
1.54%, 09/10/27 (Call 09/10/26), (SOFR + 0.818%)^(b)		882		778,974
1.76%, 01/24/25 (Call 01/24/24), (SOFR + 0.730%)^(b)		300		289,962
1.95%, 10/21/27 (Call 10/21/26), (SOFR + 0.913%)^(b)		1,125		1,010,149
1.99%, 01/27/32 (Call 01/27/31), (SOFR + 1.090%)^(b)		410		331,419
2.38%, 07/21/32 (Call 07/21/31), (SOFR + 1.248%)^(b)		1,747		1,447,075
2.60%, 02/07/30 (Call 11/07/29)^(a)		881		765,025
2.62%, 04/22/32 (Call 04/22/31), (SOFR + 1.281%)^(b)		1,395		1,181,133
2.64%, 02/24/28 (Call 02/24/27), (SOFR + 1.114%)^(b)		750		690,292
2.65%, 10/21/32 (Call 10/21/31), (SOFR + 1.264%)^(b)		1,320		1,114,357
2.91%, 07/21/42 (Call 07/21/41), (SOFR + 1.430%)^(b)		562		434,842
3.10%, 02/24/33 (Call 02/24/32), (SOFR + 1.410%)^(b)		1,330		1,162,606
3.21%, 04/22/42 (Call 04/22/41), (SOFR + 1.513%)^(b)		697		561,705
3.27%, 09/29/25 (Call 09/29/24),
(3 mo. LIBOR US + 1.201%)^(b)		1,112		1,094,430
3.44%, 02/24/43 (Call 02/24/42), (SOFR + 1.513%)^(b)		500		413,380
3.50%, 01/23/25 (Call 10/23/24)		1,179		1,169,061
3.50%, 04/01/25 (Call 03/01/25)		1,528		1,509,664
3.50%, 11/16/26 (Call 11/16/25)		1,556		1,519,652
3.62%, 03/15/28 (Call 03/15/27), (SOFR + 1.846%)^(b)		1,000		962,420
3.63%, 02/20/24 (Call 01/20/24)		926		927,491
3.69%, 06/05/28 (Call 06/05/27),
(3 mo. LIBOR US + 1.510%)^(b)		1,330		1,275,510
3.75%, 05/22/25 (Call 02/22/25)^(a)		954		950,117
3.75%, 02/25/26 (Call 11/25/25)		740		734,842
3.80%, 03/15/30 (Call 12/15/29)		1,138		1,075,808
3.81%, 04/23/29 (Call 04/23/28),
(3 mo. LIBOR US + 1.158%)^(b)		568		545,331
3.85%, 07/08/24 (Call 04/08/24)		1,112		1,118,861
3.85%, 01/26/27 (Call 01/26/26)		1,317		1,288,711
4.00%, 03/03/24		1,308		1,320,164
4.02%, 10/31/38 (Call 10/31/37),
(3 mo. LIBOR US + 1.373%)^(b)		1,003		918,818
4.22%, 05/01/29 (Call 05/01/28),
(3 mo. LIBOR US + 1.301%)^(b)		1,532		1,498,664
4.41%, 04/23/39 (Call 04/23/38),
(3 mo. LIBOR US + 1.430%)^(b)		615		587,743
4.75%, 10/21/45 (Call 04/21/45)		760		752,354
4.80%, 07/08/44 (Call 01/08/44)		793		786,672
6.13%, 02/15/33		543		605,157
6.25%, 02/01/41		1,069		1,246,368
HSBC Bank USA N.A., 7.00%, 01/15/39		235		293,609
HSBC Holdings PLC
0.73%, 08/17/24 (Call 08/17/23), (SOFR + 0.534%)^(b)		500		481,670
0.98%, 05/24/25 (Call 05/24/24), (SOFR + 0.708%)^(b)		825		774,865
1.00%, 08/17/29 (Call 08/17/28), (SOFR + 1.285%)^(b)		1,065		917,615
1.16%, 11/22/24 (Call 11/22/23), (SOFR + 0.580%)^(a)(b)		315		302,104
1.59%, 05/24/27 (Call 05/24/26), (SOFR + 1.290%)^(b)		1,050		933,513
1.65%, 04/18/26 (Call 04/18/25), (SOFR + 1.538%)^(b)		1,828		1,694,245
2.01%, 09/22/28 (Call 09/22/27), (SOFR + 1.732%)^(b)		500		436,305
2.10%, 06/04/26 (Call 06/04/25), (SOFR + 1.929%)^(b)		1,230		1,149,423


Security	Par (000)		Value

Banks (continued)
2.25%, 11/22/27 (Call 11/22/26), (SOFR + 1.100%)^(b)	$	1,165	$	1,053,043
2.36%, 08/18/31 (Call 08/18/30), (SOFR + 1.947%)^(b)		855		709,881
2.63%, 11/07/25 (Call 11/07/24), (SOFR + 1.401%)^(b)		1,155		1,112,253
2.80%, 05/24/32 (Call 05/24/31), (SOFR + 1.187%)^(b)		785		659,502
2.85%, 06/04/31 (Call 06/04/30), (SOFR + 2.387%)^(b)		735		635,025
2.87%, 11/22/32 (Call 11/22/31), (SOFR + 1.410%)^(b)		1,100		917,928
3.00%, 03/10/26 (Call 03/10/25), (SOFR + 1.430%)^(b)		560		539,829
3.60%, 05/25/23		760		766,825
3.80%, 03/11/25 (Call 03/11/24),
(3 mo. LIBOR US + 1.211%)^(b)		1,200		1,194,660
3.90%, 05/25/26		1,285		1,265,969
3.95%, 05/18/24 (Call 05/18/23),
(3 mo. LIBOR US + 0.987%)^(b)		795		798,371
3.97%, 05/22/30 (Call 05/22/29),
(3 mo. LIBOR US + 1.610%)^(b)		1,178		1,114,694
4.04%, 03/13/28 (Call 03/13/27),
(3 mo. LIBOR US + 1.546%)^(b)		1,988		1,927,943
4.29%, 09/12/26 (Call 09/15/25),
(3 mo. LIBOR US + 1.348%)^(b)		1,210		1,203,163
4.30%, 03/08/26		1,692		1,695,773
4.58%, 06/19/29 (Call 06/19/28),
(3 mo. LIBOR US + 1.535%)^(b)		973		955,846
4.95%, 03/31/30		1,378		1,391,656
6.10%, 01/14/42		320		362,723
HSBC USA Inc., 3.50%, 06/23/24		495		495,198
Huntington National Bank (The), 3.55%, 10/06/23 (Call 09/06/23)		505		507,717
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26), (SOFR + 1.005%)^(b)		470		423,705
2.73%, 04/01/32 (Call 04/01/31), (SOFR + 1.316%)^(b)		213		182,130
3.55%, 04/09/24		445		444,061
3.87%, 03/28/26 (Call 03/28/25), (SOFR + 1.640%)^(b)		300		296,733
3.95%, 03/29/27		795		777,025
4.02%, 03/28/28 (Call 03/28/27)^(b)		300		291,345
4.05%, 04/09/29		505		485,800
4.10%, 10/02/23		817		825,064
4.25%, 03/28/33 (Call 03/28/32)^(b)		300		287,121
4.55%, 10/02/28		770		765,773
JPMorgan Chase & Co.
0.56%, 02/16/25 (Call 02/16/24), (SOFR + 0.420%)^(b)		150		142,133
0.65%, 09/16/24 (Call 09/16/23), (SOFR + 0.600%)^(b)		65		62,865
0.77%, 08/09/25 (Call 08/09/24), (SOFR + 0.490%)^(b)		85		79,404
0.97%, 06/23/25 (Call 06/23/24), (SOFR + 0.580%)^(b)		365		343,137
1.04%, 02/04/27 (Call 02/04/26), (SOFR + 0.695%)^(a)(b)		60		53,434
1.05%, 11/19/26 (Call 11/19/25), (SOFR + 0.800%)^(b)		110		98,793
1.47%, 09/22/27 (Call 09/22/26), (SOFR + 0.765%)^(b)		710		631,147
1.51%, 06/01/24 (Call 06/01/23), (SOFR + 1.455%)^(b)		250		245,945
1.56%, 12/10/25 (Call 12/10/24), (SOFR + 0.605%)^(b)		700		659,092
1.58%, 04/22/27 (Call 04/22/26), (SOFR + 0.885%)^(b)		825		746,064
1.76%, 11/19/31 (Call 11/19/30), (SOFR + 1.105%)^(a)(b)		140		112,983
1.95%, 02/04/32 (Call 02/04/31), (SOFR + 1.065%)^(b)		339		276,851
2.01%, 03/13/26 (Call 03/13/25), (SOFR + 1.585%)^(b)		360		339,336
2.07%, 06/01/29 (Call 06/01/28), (SOFR + 1.015%)^(b)		180		157,687
2.08%, 04/22/26 (Call 04/22/25), (SOFR + 1.850%)^(b)		1,230		1,157,602
2.18%, 06/01/28 (Call 06/01/27), (SOFR + 1.890%)^(b)		321		288,714
2.30%, 10/15/25 (Call 10/15/24), (SOFR + 1.160%)^(b)		540		518,535
2.52%, 04/22/31 (Call 04/22/30), (SOFR + 2.040%)^(b)		885		768,738
2.53%, 11/19/41 (Call 11/19/40), (SOFR + 2.460%)^(b)		290		215,325
2.55%, 11/08/32 (Call 11/08/31), (SOFR + 1.180%)^(b)		725		615,206
2.58%, 04/22/32 (Call 04/22/31), (SOFR + 1.250%)^(b)		745		641,140


Security	Par (000)		Value

Banks (continued)
2.60%, 02/24/26 (Call 02/24/25), (SOFR + 0.915%)^(b)	$	550	$	529,215
2.70%, 05/18/23 (Call 03/18/23)		727		726,215
2.74%, 10/15/30 (Call 10/15/29), (SOFR + 1.510%)^(b)		915		812,200
2.95%, 10/01/26 (Call 07/01/26)		692		663,351
2.95%, 02/24/28 (Call 02/24/27), (SOFR + 1.170%)^(b)		595		560,419
2.96%, 05/13/31 (Call 05/13/30), (SOFR + 2.515%)^(b)		606		532,922
2.96%, 01/25/33 (Call 01/25/32), (SOFR + 1.260%)^(b)		570		502,204
3.11%, 04/22/41 (Call 04/22/40), (SOFR + 1.38%)^(a)(b)		465		374,957
3.11%, 04/22/51 (Call 04/22/50), (SOFR + 1.220%)^(b)		210		161,906
3.13%, 01/23/25 (Call 10/23/24)		855		846,749
3.16%, 04/22/42 (Call 04/22/41), (SOFR + 2.440%)^(b)		440		357,082
3.20%, 06/15/26 (Call 03/15/26)		675		658,935
3.22%, 03/01/25 (Call 03/01/24),
(3 mo. LIBOR US + 1.155%)^(b)		685		678,157
3.30%, 04/01/26 (Call 01/01/26)		683		667,872
3.33%, 04/22/52 (Call 04/22/51), (SOFR + 1.510%)^(b)		975		778,820
3.38%, 05/01/23		199		200,077
3.51%, 01/23/29 (Call 01/23/28),
(3 mo. LIBOR US + 0.945%)^(b)		290		276,260
3.54%, 05/01/28 (Call 05/01/27),
(3 mo. LIBOR US + 1.380%)^(b)		778		747,355
3.56%, 04/23/24 (Call 04/23/23),
(3 mo. LIBOR US + 0.730%)^(b)		792		793,109
3.63%, 05/13/24		890		897,405
3.63%, 12/01/27 (Call 12/01/26)		277		267,593
3.70%, 05/06/30 (Call 05/06/29),
(3 mo. LIBOR US + 1.160%)^(b)		836		793,815
3.78%, 02/01/28 (Call 02/01/27),
(3 mo. LIBOR US + 1.337%)^(b)		649		630,718
3.80%, 07/23/24 (Call 07/23/23),
(3 mo. LIBOR US + 0.890%)^(a)(b)		546		548,184
3.88%, 02/01/24		629		637,642
3.88%, 09/10/24		830		834,167
3.88%, 07/24/38 (Call 07/24/37),
(3 mo. LIBOR US + 1.360%)^(b)		691		635,126
3.90%, 07/15/25 (Call 04/15/25)^(a)		657		660,449
3.90%, 01/23/49 (Call 01/23/48),
(3 mo. LIBOR US + 1.460%)^(b)		465		410,558
3.96%, 01/29/27 (Call 01/29/26),
(3 mo. LIBOR US + 1.245%)^(b)		60		59,386
3.96%, 11/15/48 (Call 11/15/47),
(3 mo. LIBOR US + 1.360%)^(b)		925		825,387
4.01%, 04/23/29 (Call 04/23/28),
(3 mo. LIBOR US + 1.120%)^(b)		640		624,275
4.02%, 12/05/24 (Call 12/05/23),
(3 mo. LIBOR US + 1.000%)^(b)		435		436,962
4.03%, 07/24/48 (Call 07/24/47),
(3 mo. LIBOR US + 1.580%)^(b)		463		417,607
4.08%, 04/26/26 (Call 04/26/25), (SOFR + 1.320%)^(b)		960		958,205
4.13%, 12/15/26		480		477,422
4.20%, 07/23/29 (Call 07/23/28),
(3 mo. LIBOR US + 1.260%)^(b)		870		854,975
4.25%, 10/01/27		460		457,318
4.26%, 02/22/48 (Call 02/22/47),
(3 mo. LIBOR US + 1.580%)^(b)		548		513,690
4.32%, 04/26/28 (Call 04/26/27), (SOFR + 1.560%)^(b)		1,000		997,110
4.45%, 12/05/29 (Call 12/05/28),
(3 mo. LIBOR US + 1.330%)^(b)		715		710,631
4.49%, 03/24/31 (Call 03/24/30), (SOFR + 3.790%)^(b)		135		134,536
4.59%, 04/26/33 (Call 04/26/32)^(b)		95		95,523


Security	Par (000)		Value

Banks (continued)
4.85%, 02/01/44^(a)	$	268	$	271,564
4.95%, 06/01/45		555		556,437
5.40%, 01/06/42		354		380,794
5.50%, 10/15/40		350		380,608
5.60%, 07/15/41		463		508,328
5.63%, 08/16/43^(a)		255		276,104
6.40%, 05/15/38^(a)		552		654,622
7.63%, 10/15/26		420		479,090
8.00%, 04/29/27		184		213,808
KeyBank N.A./Cleveland OH
0.43%, 06/14/24 (Call 06/14/23), (SOFR + 0.320%)^(b)		415		403,459
3.30%, 06/01/25		602		597,328
Lloyds Banking Group PLC
0.70%, 05/11/24 (Call 05/11/23),
(1 year CMT + 0.550%)^(b)		115		111,671
1.63%, 05/11/27 (Call 05/11/26)^(b)		435		390,147
2.44%, 02/05/26 (Call 02/05/25)^(b)		290		277,002
3.57%, 11/07/28 (Call 11/07/27),
(3 mo. LIBOR US + 1.205%)^(b)		685		650,812
3.75%, 01/11/27		730		710,998
3.75%, 03/18/28 (Call 03/18/27)^(b)		500		482,700
3.87%, 07/09/25 (Call 07/09/24)^(b)		739		737,633
3.90%, 03/12/24		505		506,141
4.05%, 08/16/23		728		735,171
4.38%, 03/22/28		740		730,661
4.45%, 05/08/25		845		853,349
4.55%, 08/16/28		565		564,378
M&T Bank Corp., 3.55%, 07/26/23 (Call 06/26/23)		449		451,523
Manufacturers & Traders Trust Co.
2.90%, 02/06/25 (Call 01/06/25)		520		511,654
3.40%, 08/17/27		705		683,575
Mitsubishi UFJ Financial Group Inc.
0.85%, 09/15/24 (Call 09/15/23)^(b)		615		593,075
0.95%, 07/19/25 (Call 07/19/24)^(b)		700		657,307
0.96%, 10/11/25 (Call 10/11/24)^(b)		475		442,719
1.41%, 07/17/25		865		799,104
1.54%, 07/20/27 (Call 07/20/26)^(b)		905		810,880
1.64%, 10/13/27 (Call 10/13/26)^(b)		780		696,127
2.05%, 07/17/30		455		378,687
2.19%, 02/25/25		1,175		1,126,273
2.31%, 07/20/32 (Call 07/20/31)^(b)		990		825,056
2.34%, 01/19/28 (Call 01/19/27)^(b)		615		564,066
2.49%, 10/13/32 (Call 10/13/31)^(b)		410		344,724
2.56%, 02/25/30^(a)		559		488,236
2.76%, 09/13/26		360		340,564
2.80%, 07/18/24		480		472,334
2.85%, 01/19/33 (Call 01/19/32)^(b)		615		532,442
3.20%, 07/18/29		955		877,960
3.29%, 07/25/27^(a)		547		524,409
3.41%, 03/07/24		753		752,450
3.68%, 02/22/27^(a)		627		615,137
3.74%, 03/07/29		860		826,030
3.75%, 07/18/39		610		553,758
3.76%, 07/26/23		368		371,496
3.78%, 03/02/25		159		159,817
3.84%, 04/17/26 (Call 04/17/25)^(b)		500		498,130
3.85%, 03/01/26		635		629,729
3.96%, 03/02/28		567		554,821
4.05%, 09/11/28		676		658,836
4.08%, 04/19/28 (Call 04/19/27)^(b)		500		493,710


Security	Par (000)		Value

Banks (continued)
4.15%, 03/07/39	$	186	$	177,403
4.29%, 07/26/38		55		53,535
4.32%, 04/19/33^(a)		500		490,155
Mizuho Financial Group Inc.
0.85%, 09/08/24 (Call 09/08/23), (SOFR + 0.872%)^(b)		550		530,315
1.23%, 05/22/27 (Call 05/22/26)^(b)		435		384,984
1.24%, 07/10/24 (Call 07/10/23), (SOFR + 1.252%)^(b)		310		302,163
1.55%, 07/09/27 (Call 07/09/26)^(b)		650		580,846
1.98%, 09/08/31 (Call 09/08/30), (SOFR + 1.532%)^(b)		215		175,833
2.17%, 05/22/32 (Call 05/22/31)^(b)		325		267,092
2.20%, 07/10/31 (Call 07/10/30), (SOFR + 1.772%)^(b)		460		385,259
2.23%, 05/25/26 (Call 05/25/25),
(3 mo. LIBOR US + 0.830%)^(b)		440		416,011
2.26%, 07/09/32 (Call 07/09/31)^(a)(b)		355		293,755
2.56%, 09/13/25 (Call 09/13/24), (SOFR + 1.362%)^(b)		250		242,488
2.59%, 05/25/31 (Call 05/25/30),
(3 mo. LIBOR US + 1.070%)^(b)		255		221,758
2.65%, 05/22/26 (Call 05/22/25)^(a)(b)		350		336,672
2.84%, 07/16/25 (Call 07/16/24), (SOFR + 1.242%)^(b)		25		24,469
2.84%, 09/13/26		220		208,208
2.87%, 09/13/30 (Call 09/13/29), (SOFR + 1.572%)^(b)		325		291,831
3.15%, 07/16/30 (Call 07/16/29),
(3 mo. LIBOR US + 1.130%)^(b)		385		353,461
3.17%, 09/11/27^(a)		396		374,806
3.26%, 05/22/30 (Call 05/22/29)^(b)		375		347,224
3.66%, 02/28/27		562		549,046
3.92%, 09/11/24 (Call 09/11/23),
(3 mo. LIBOR US + 1.000%)^(a)(b)		295		296,387
4.02%, 03/05/28		490		480,504
4.25%, 09/11/29 (Call 09/11/28),
(3 mo. LIBOR US + 1.270%)^(b)		425		417,393
Morgan Stanley
0.73%, 04/05/24 (Call 04/05/23), (SOFR + 0.616%)^(b)		460		448,049
0.79%, 01/22/25 (Call 01/22/24), (SOFR + 0.509%)^(b)		802		762,550
0.79%, 05/30/25 (Call 05/30/24), (SOFR + 0.525%)^(b)		565		528,371
0.99%, 12/10/26 (Call 12/10/25), (SOFR + 0.720%)^(b)		1,487		1,327,832
1.16%, 10/21/25 (Call 10/21/24), (SOFR + 0.560%)^(b)		1,500		1,401,585
1.51%, 07/20/27 (Call 07/20/26), (SOFR + 0.858%)^(b)		1,082		965,945
1.59%, 05/04/27 (Call 04/04/27), (SOFR + 0.879%)^(b)		47		42,401
1.79%, 02/13/32 (Call 02/13/31), (SOFR + 1.034%)^(b)		550		441,062
1.93%, 04/28/32 (Call 01/28/32), (SOFR + 1.020%)^(b)		1,063		858,213
2.19%, 04/28/26 (Call 04/28/25), (SOFR + 1.990%)^(b)		510		481,578
2.24%, 07/21/32 (Call 07/21/31), (SOFR + 1.178%)^(b)		1,340		1,109,440
2.48%, 01/21/28 (Call 01/21/27), (SOFR + 1.000%)^(b)		970		892,895
2.51%, 10/20/32 (Call 10/20/31), (SOFR + 1.200%)^(b)		995		837,979
2.63%, 02/18/26 (Call 02/18/25), (SOFR + 0.940%)^(b)		650		625,761
2.70%, 01/22/31 (Call 01/22/30), (SOFR + 1.143%)^(b)		1,096		964,612
2.72%, 07/22/25 (Call 07/22/24), (SOFR + 1.152%)^(b)		1,298		1,263,992
2.80%, 01/25/52 (Call 07/25/51), (SOFR + 1.430%)^(b)		535		389,298
2.94%, 01/21/33 (Call 01/21/32), (SOFR + 1.290%)^(b)		735		641,420
3.13%, 07/27/26		1,428		1,368,838
3.22%, 04/22/42 (Call 04/22/41), (SOFR + 1.431%)^(a)(b)		1,042		854,346
3.59%, 07/22/28 (Call 07/22/27),
(3 mo. LIBOR US + 1.340%)^(b)		1,470		1,409,113
3.62%, 04/17/25 (Call 04/17/24), (SOFR + 1.160%)^(b)		1,120		1,113,885
3.62%, 04/01/31 (Call 04/01/30), (SOFR + 3.120%)^(b)		630		590,461
3.63%, 01/20/27		1,503		1,466,312
3.70%, 10/23/24^(a)		1,528		1,531,774
3.74%, 04/24/24 (Call 04/24/23),
(3 mo. LIBOR US + 0.847%)^(b)		1,497		1,496,790


Security	Par (000)		Value

Banks (continued)
3.77%, 01/24/29 (Call 01/24/28),
(3 mo. LIBOR US + 1.140%)^(b)	$	1,057	$	1,020,047
3.88%, 01/27/26		1,666		1,654,105
3.97%, 07/22/38 (Call 07/22/37),
(3 mo. LIBOR US + 1.455%)^(b)		1,059		977,372
4.00%, 07/23/25		1,477		1,479,230
4.21%, 04/20/28 (Call 04/20/27), (SOFR + 1.610%)^(b)		795		789,085
4.30%, 01/27/45		985		927,466
4.38%, 01/22/47		1,080		1,033,873
4.43%, 01/23/30 (Call 01/23/29),
(3 mo. LIBOR US + 1.628%)^(b)		437		434,116
4.46%, 04/22/39 (Call 04/22/38),
(3 mo. LIBOR US + 0.408%)^(b)		420		413,074
5.60%, 03/24/51 (Call 03/24/50), (SOFR + 4.480%)^(b)		826		940,021
6.25%, 08/09/26		620		671,299
6.38%, 07/24/42		892		1,075,128
7.25%, 04/01/32		846		1,015,462
Series F, 3.88%, 04/29/24		1,616		1,627,619
Series I, 0.86%, 10/21/25 (Call 10/21/24),
(SOFR + 0.745%)^(b)		510		473,479
National Australia Bank Ltd./New York
2.50%, 07/12/26		705		673,085
3.38%, 01/14/26		580		575,128
3.63%, 06/20/23		40		40,404
National Bank of Canada
0.55%, 11/15/24 (Call 11/15/23)^(b)		785		751,284
0.75%, 08/06/24		735		690,643
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)^(a)		555		482,634
3.15%, 05/03/29 (Call 02/03/29)		400		383,824
3.65%, 08/03/28 (Call 05/03/28)		410		408,327
3.95%, 10/30/25		700		709,436
PNC Bank N.A.
2.70%, 10/22/29		590		531,248
2.95%, 02/23/25 (Call 01/23/25)		370		366,282
3.10%, 10/25/27 (Call 09/25/27)^(a)		275		266,591
3.25%, 06/01/25 (Call 05/02/25)		260		258,656
3.25%, 01/22/28 (Call 12/23/27)		350		339,119
3.30%, 10/30/24 (Call 09/30/24)		420		418,748
3.80%, 07/25/23 (Call 06/25/23)		275		277,291
3.88%, 04/10/25 (Call 03/10/25)		295		295,817
4.05%, 07/26/28		595		590,734
4.20%, 11/01/25 (Call 10/01/25)		290		294,660
2.50%, 08/27/24 (Call 07/27/24)		345		337,941
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		450		407,817
2.20%, 11/01/24 (Call 10/02/24)		441		430,385
2.31%, 04/23/32 (Call 04/23/31), (SOFR + 0.979%)^(b)		638		549,911
2.55%, 01/22/30 (Call 10/24/29)		620		554,912
2.60%, 07/23/26 (Call 05/24/26)^(a)		625		600,231
3.15%, 05/19/27 (Call 04/19/27)		450		438,174
3.45%, 04/23/29 (Call 01/23/29)^(a)		711		684,025
3.50%, 01/23/24 (Call 12/24/23)		750		754,492
3.90%, 04/29/24 (Call 03/29/24)		407		411,624
Royal Bank of Canada
0.43%, 01/19/24^(a)		130		124,615
0.50%, 10/26/23		611		589,804
0.65%, 07/29/24		667		627,313
0.75%, 10/07/24		765		717,975
0.88%, 01/20/26^(a)		15		13,466


Security	Par (000)		Value

Banks (continued)
1.15%, 06/10/25	$	772	$	713,969
1.15%, 07/14/26		405		363,107
1.20%, 04/27/26		720		650,124
1.40%, 11/02/26		530		477,085
1.60%, 01/21/25^(a)		225		213,480
2.05%, 01/21/27^(a)		690		635,718
2.25%, 11/01/24		793		770,503
2.30%, 11/03/31		685		582,757
2.55%, 07/16/24		330		324,235
3.38%, 04/14/25		300		296,823
3.63%, 05/04/27^(a)		1,000		981,820
3.70%, 10/05/23		866		875,491
3.88%, 05/04/32		1,000		960,460
4.65%, 01/27/26^(a)		463		472,306
Santander UK PLC, 4.00%, 03/13/24^(a)		1,215		1,228,158
State Street Corp.
1.68%, 11/18/27 (Call 11/18/26), (SOFR + 0.560%)^(b)		325		297,268
2.20%, 02/07/28 (Call 02/07/27), (SOFR + 0.730%)^(b)		355		329,618
2.20%, 03/03/31		387		328,679
2.35%, 11/01/25 (Call 11/01/24)^(b)		458		444,736
2.40%, 01/24/30^(a)		355		318,687
2.62%, 02/07/33 (Call 02/07/32), (SOFR + 1.002%)^(b)		425		375,662
2.65%, 05/19/26		375		364,515
3.03%, 11/01/34 (Call 11/01/29), (SOFR + 1.490%)^(b)		225		205,778
3.10%, 05/15/23		481		483,294
3.30%, 12/16/24^(a)		673		673,774
3.55%, 08/18/25		319		319,603
3.70%, 11/20/23		704		711,800
3.78%, 12/03/24 (Call 12/03/23),
(3 mo. LIBOR US + 0.770%)^(b)		260		262,296
4.14%, 12/03/29 (Call 12/03/28),
(3 mo. LIBOR US + 1.030%)^(b)		245		246,299
Sumitomo Mitsui Banking Corp.
3.40%, 07/11/24^(a)		200		199,384
3.65%, 07/23/25		55		54,622
3.95%, 07/19/23		485		489,312
3.95%, 01/10/24^(a)		335		338,762
Sumitomo Mitsui Financial Group Inc.
0.95%, 01/12/26		260		232,931
1.40%, 09/17/26		780		695,573
1.47%, 07/08/25		325		301,399
1.71%, 01/12/31		830		663,685
1.90%, 09/17/28		645		554,726
2.13%, 07/08/30		325		273,130
2.17%, 01/14/27		50		45,859
2.22%, 09/17/31		505		418,524
2.30%, 01/12/41		290		210,441
2.35%, 01/15/25		815		783,272
2.45%, 09/27/24		242		235,069
2.47%, 01/14/29		265		235,007
2.63%, 07/14/26		959		906,485
2.70%, 07/16/24		465		455,719
2.72%, 09/27/29^(a)		405		362,151
2.75%, 01/15/30^(a)		900		800,343
3.01%, 10/19/26		760		726,248
3.04%, 07/16/29		1,184		1,084,059
3.05%, 01/14/42		260		211,611
3.35%, 10/18/27		465		446,935
3.36%, 07/12/27		839		809,123
3.45%, 01/11/27		852		825,503


Security	Par (000)		Value

Banks (continued)
3.54%, 01/17/28	$	445	$	428,588
3.75%, 07/19/23		510		514,080
3.78%, 03/09/26		339		334,915
3.94%, 10/16/23		419		423,249
3.94%, 07/19/28		236		230,131
4.31%, 10/16/28^(a)		205		203,518
Svenska Handelsbanken AB, 3.90%, 11/20/23		580		587,412
Toronto-Dominion Bank (The)
0.30%, 06/02/23		25		24,380
0.45%, 09/11/23		165		159,756
0.55%, 03/04/24		115		109,633
0.70%, 09/10/24		30		28,261
0.75%, 06/12/23		160		156,581
0.75%, 09/11/25^(a)		572		520,955
0.75%, 01/06/26^(a)		867		779,502
1.15%, 06/12/25		695		645,398
1.20%, 06/03/26		470		423,973
1.25%, 12/13/24		155		147,090
1.25%, 09/10/26		160		143,458
1.45%, 01/10/25^(a)		800		758,496
1.95%, 01/12/27		800		734,696
2.00%, 09/10/31		315		262,449
2.35%, 03/08/24		200		196,944
2.45%, 01/12/32		380		326,017
2.65%, 06/12/24		730		721,576
2.80%, 03/10/27		200		190,114
3.20%, 03/10/32		700		638,883
3.25%, 03/11/24		716		716,508
3.50%, 07/19/23		908		915,754
3.63%, 09/15/31 (Call 09/15/26)^(a)(b)		397		387,686
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)		215		204,072
2.15%, 12/06/24 (Call 11/06/24)		150		145,634
2.25%, 03/11/30 (Call 12/11/29)		762		659,991
2.64%, 09/17/29 (Call 09/17/24)^(b)		437		423,182
2.75%, 05/01/23 (Call 04/01/23)		256		255,488
3.20%, 04/01/24 (Call 03/01/24)		388		387,922
3.30%, 05/15/26 (Call 04/15/26)		30		29,445
3.63%, 09/16/25 (Call 08/16/25)		695		691,685
3.69%, 08/02/24 (Call 08/02/23),
(3 mo. LIBOR US + 0.735%)^(a)(b)		155		155,944
3.80%, 10/30/26 (Call 09/30/26)^(a)		302		299,789
4.05%, 11/03/25 (Call 09/03/25)		164		166,829
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		405		352,370
1.20%, 08/05/25 (Call 07/03/25)		160		148,544
1.27%, 03/02/27 (Call 03/02/26), (SOFR + 0.609%)^(b)		762		692,826
1.89%, 06/07/29 (Call 06/07/28), (SOFR + 0.862%)^(b)		695		608,556
1.95%, 06/05/30 (Call 03/05/30)		263		225,241
2.50%, 08/01/24 (Call 07/01/24)		530		520,259
2.85%, 10/26/24 (Call 09/26/24)		860		849,714
3.70%, 06/05/25 (Call 05/05/25)		570		571,436
3.75%, 12/06/23 (Call 11/06/23)		125		126,266
3.88%, 03/19/29 (Call 02/19/29)		473		459,671
4.00%, 05/01/25 (Call 03/01/25)		502		507,562
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		255		208,649
1.45%, 05/12/25 (Call 04/12/25)		679		640,474
2.22%, 01/27/28 (Call 01/27/27), (SOFR + 0.730%)^(b)		330		306,755
2.40%, 07/30/24 (Call 06/30/24)		707		694,140


Security	Par (000)		Value

Banks (continued)
2.49%, 11/03/36 (Call 11/03/31)^(b)	$	600	$	505,038
2.68%, 01/27/33 (Call 01/27/32), (SOFR + 1.020%)^(b)		255		226,029
3.00%, 07/30/29 (Call 04/30/29)^(a)		412		383,020
3.10%, 04/27/26 (Call 03/27/26)		698		682,728
3.38%, 02/05/24 (Call 01/05/24)		726		728,810
3.60%, 09/11/24 (Call 08/11/24)		887		891,737
3.70%, 01/30/24 (Call 12/29/23)		492		497,127
3.90%, 04/26/28 (Call 03/26/28)		440		440,770
3.95%, 11/17/25 (Call 10/17/25)		665		675,394
Series V, 2.38%, 07/22/26 (Call 06/22/26)^(a)		929		885,105
Series X, 3.15%, 04/27/27 (Call 03/27/27)		774		754,905
U.S. Bank N.A./Cincinnati OH
2.05%, 01/21/25 (Call 12/21/24)		150		145,083
2.80%, 01/27/25 (Call 12/27/24)^(a)		464		458,348
3.40%, 07/24/23 (Call 06/23/23)		485		489,181
Wachovia Corp., 5.50%, 08/01/35		360		375,037
Wells Fargo & Co.
0.81%, 05/19/25 (Call 05/19/24), (SOFR + 0.510%)^(b)		505		475,493
1.65%, 06/02/24 (Call 06/02/23), (SOFR + 1.600%)^(b)		1,365		1,341,972
2.16%, 02/11/26 (Call 02/11/25),
(3 mo. LIBOR US + 0.750%)^(b)		1,070		1,014,948
2.19%, 04/30/26 (Call 04/29/25), (SOFR + 2.000%)^(b)		640		604,640
2.39%, 06/02/28 (Call 06/02/27), (SOFR + 2.100%)^(b)		795		722,313
2.41%, 10/30/25 (Call 10/30/24), (SOFR + 1.087%)^(b)		945		908,542
2.57%, 02/11/31 (Call 02/11/30), (SOFR + 1.262%)^(b)		430		377,101
2.88%, 10/30/30 (Call 10/30/29), (SOFR + 1.432%)^(b)		1,115		1,000,601
3.00%, 02/19/25^(a)		1,117		1,097,910
3.00%, 04/22/26		1,419		1,364,056
3.00%, 10/23/26		1,310		1,251,417
3.07%, 04/30/41 (Call 04/29/40), (SOFR + 2.530%)^(b)		1,208		977,079
3.20%, 06/17/27 (Call 06/17/26),
(3 mo. LIBOR US + 1.170%)^(b)		917		878,138
3.30%, 09/09/24		990		986,208
3.35%, 03/02/33 (Call 03/02/32), (SOFR + 1.500%)^(b)		1,000		908,920
3.53%, 03/24/28 (Call 03/24/27), (SOFR + 1.510%)^(b)		655		630,582
3.55%, 09/29/25		973		966,646
3.58%, 05/22/28 (Call 05/22/27),
(3 mo. LIBOR US + 1.310%)^(b)		1,274		1,223,129
3.75%, 01/24/24 (Call 12/24/23)^(a)		1,414		1,425,171
3.90%, 05/01/45		790		710,723
3.91%, 04/25/26 (Call 04/25/25), (SOFR + 1.320%)^(b)		1,540		1,529,559
4.10%, 06/03/26		889		885,177
4.13%, 08/15/23		391		395,583
4.15%, 01/24/29 (Call 10/24/28)		1,075		1,059,036
4.30%, 07/22/27		936		934,091
4.40%, 06/14/46^(a)		840		780,931
4.48%, 01/16/24		671		683,615
4.48%, 04/04/31 (Call 04/04/30), (SOFR + 4.032%)^(b)		586		585,420
4.61%, 04/25/53^(b)		2,040		2,011,583
4.65%, 11/04/44		787		750,735
4.75%, 12/07/46		831		812,136
4.90%, 11/17/45		638		626,599
5.01%, 04/04/51 (Call 04/04/50), (SOFR + 4.502%)^(b)		2,077		2,160,599
5.38%, 11/02/43		825		860,805
5.61%, 01/15/44		610		651,090
Wells Fargo Bank N.A.
5.85%, 02/01/37		330		367,307
5.95%, 08/26/36		600		666,738
6.60%, 01/15/38		348		422,723


Security	Par (000)		Value

Banks (continued)
Westpac Banking Corp.
1.02%, 11/18/24	$	375	$	355,553
1.15%, 06/03/26		150		135,869
1.95%, 11/20/28		555		490,231
2.15%, 06/03/31		540		460,868
2.35%, 02/19/25		228		221,757
2.65%, 01/16/30		505		460,151
2.70%, 08/19/26		535		514,007
2.85%, 05/13/26		720		698,818
3.30%, 02/26/24		826		830,006
3.35%, 03/08/27		690		676,379
3.40%, 01/25/28		615		597,128
3.65%, 05/15/23		568		573,958


				408,660,105

Beverages — 2.1%
Brown-Forman Corp., 4.50%, 07/15/45 (Call 01/15/45)		405		395,973
Coca-Cola Co. (The)
1.00%, 03/15/28		115		99,591
1.38%, 03/15/31		184		150,350
1.45%, 06/01/27^(a)		745		677,525
1.50%, 03/05/28		246		220,268
1.65%, 06/01/30		770		654,777
1.75%, 09/06/24^(a)		269		263,615
2.00%, 03/05/31		270		233,056
2.13%, 09/06/29		748		669,602
2.25%, 01/05/32		1,345		1,180,587
2.50%, 06/01/40^(a)		434		348,085
2.50%, 03/15/51		508		375,194
2.60%, 06/01/50		670		506,969
2.75%, 06/01/60^(a)		497		365,722
2.88%, 05/05/41		355		296,592
2.90%, 05/25/27		494		481,739
3.00%, 03/05/51		1,049		859,467
3.38%, 03/25/27		341		340,339
3.45%, 03/25/30		695		677,569
4.20%, 03/25/50		295		297,357
Coca-Cola Femsa SAB de CV
1.85%, 09/01/32 (Call 06/01/32)		150		119,390
2.75%, 01/22/30 (Call 10/22/29)		490		440,838
5.25%, 11/26/43		335		349,894
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		475		444,353
2.00%, 04/29/30 (Call 01/29/30)		535		465,562
2.13%, 10/24/24 (Call 09/24/24)		480		466,277
2.13%, 04/29/32 (Call 01/29/32)		425		362,351
2.38%, 10/24/29 (Call 07/24/29)^(a)		480		432,850
3.50%, 09/18/23 (Call 08/18/23)		100		100,691
3.88%, 05/18/28 (Call 02/18/28)^(a)		60		60,299
3.88%, 04/29/43 (Call 10/29/42)^(a)		286		265,611
5.88%, 09/30/36		369		429,859
Diageo Investment Corp., 4.25%, 05/11/42^(a)		248		240,726
Fomento Economico Mexicano SAB de CV, 3.50%, 01/16/50 (Call 07/16/49)		930		744,316
PepsiCo Inc.
0.40%, 10/07/23		345		334,885
0.75%, 05/01/23^(a)		502		494,073
1.40%, 02/25/31 (Call 11/25/30)		520		429,083
1.63%, 05/01/30 (Call 02/01/30)		495		422,532
1.95%, 10/21/31 (Call 07/21/31)^(a)		545		467,550
2.25%, 03/19/25 (Call 02/19/25)^(a)		1,139		1,112,199


Security	Par (000)		Value

Beverages (continued)
2.38%, 10/06/26 (Call 07/06/26)	$	227	$	217,947
2.63%, 03/19/27 (Call 01/19/27)		135		130,031
2.63%, 07/29/29 (Call 04/29/29)		658		614,796
2.63%, 10/21/41 (Call 04/21/41)^(a)		315		255,790
2.75%, 04/30/25 (Call 01/30/25)		722		713,863
2.75%, 03/19/30 (Call 12/19/29)		892		829,453
2.75%, 10/21/51 (Call 04/21/51)		630		497,517
2.85%, 02/24/26 (Call 11/24/25)		797		782,901
2.88%, 10/15/49 (Call 04/15/49)		615		500,063
3.00%, 10/15/27 (Call 07/15/27)^(a)		358		350,636
3.38%, 07/29/49 (Call 01/29/49)		249		218,597
3.45%, 10/06/46 (Call 04/06/46)		561		500,356
3.50%, 07/17/25 (Call 04/17/25)		796		801,644
3.60%, 03/01/24 (Call 12/01/23)		561		567,137
3.63%, 03/19/50 (Call 09/19/49)		499		463,102
3.88%, 03/19/60 (Call 09/19/59)		200		190,158
4.00%, 05/02/47 (Call 11/02/46)^(a)		200		195,416
7.00%, 03/01/29		50		59,757


				25,166,880

Chemicals — 0.7%
Air Products and Chemicals Inc.
1.50%, 10/15/25 (Call 09/15/25)		470		440,724
1.85%, 05/15/27 (Call 03/15/27)		476		438,058
2.05%, 05/15/30 (Call 02/15/30)		505		443,016
2.70%, 05/15/40 (Call 11/15/39)		492		397,777
2.80%, 05/15/50 (Call 11/15/49)		468		364,024
Ecolab Inc.
0.90%, 12/15/23 (Call 12/15/22)		300		290,748
1.30%, 01/30/31 (Call 10/30/30)		345		279,802
1.65%, 02/01/27 (Call 01/01/27)		220		202,365
2.13%, 02/01/32 (Call 11/01/31)^(a)		350		300,367
2.13%, 08/15/50 (Call 02/15/50)^(a)		430		290,710
2.70%, 11/01/26 (Call 08/01/26)		845		817,436
2.70%, 12/15/51 (Call 06/15/51)^(a)		110		83,244
2.75%, 08/18/55 (Call 02/18/55)		345		254,407
3.25%, 12/01/27 (Call 09/01/27)^(a)		142		139,384
4.80%, 03/24/30 (Call 12/24/29)^(a)		357		377,163
EI du Pont de Nemours and Co.
1.70%, 07/15/25 (Call 06/15/25)		408		385,091
2.30%, 07/15/30 (Call 04/15/30)^(a)		327		289,768
Linde Inc./CT
1.10%, 08/10/30 (Call 05/10/30)		690		564,344
3.20%, 01/30/26 (Call 10/30/25)^(a)		396		392,804
3.55%, 11/07/42 (Call 05/07/42)^(a)		327		299,705
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)		75		68,212
3.75%, 03/15/28 (Call 12/15/27)		683		681,415
Washington University (The)
3.52%, 04/15/54		200		176,492
4.35%, 04/15/2122		200		175,862


				8,152,918

Commercial Services — 1.2%
American University (The), Series 2019, 3.67%, 04/01/49		303		267,070
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)		986		810,867
1.70%, 05/15/28 (Call 03/15/28)		155		139,674
3.38%, 09/15/25 (Call 06/15/25)		901		905,424


Security	Par (000)		Value

Commercial Services (continued)
Brown University in Providence in the State of Rhode Island and Providence Plant, Series A, 2.92%, 09/01/50 (Call 03/01/50)	$	265	$	217,658
California Institute of Technology, 3.65%, 09/01/2119 (Call 03/01/2119)		185		140,902
Cintas Corp., 4.00%, 05/01/32		100		99,185
Cintas Corp. No. 2
3.45%, 05/01/25 (Call 04/01/25)		75		74,765
3.70%, 04/01/27 (Call 01/01/27)		283		281,333
Duke University, Series 2020, 2.83%, 10/01/55^(a)		315		243,646
Ford Foundation (The), Series 2020, 2.82%, 06/01/70 (Call 12/01/69)		315		220,963
George Washington University (The), Series 2018, 4.13%, 09/15/48 (Call 03/15/48)		141		136,533
Leland Stanford Junior University (The), 3.65%, 05/01/48 (Call 11/01/47)		419		398,792
Massachusetts Institute of Technology
3.89%, 07/01/2116		313		271,102
4.68%,		260		270,080
5.60%, ^(a)		283		350,337
Series F, 2.99%, 07/01/50 (Call 01/01/50)		175		148,243
Northwestern University, 4.64%, 12/01/44		279		294,356
PayPal Holdings Inc.
1.35%, 06/01/23		145		143,089
1.65%, 06/01/25 (Call 05/01/25)		195		184,581
2.30%, 06/01/30 (Call 03/01/30)		545		476,673
2.40%, 10/01/24 (Call 09/01/24)		225		220,748
2.65%, 10/01/26 (Call 08/01/26)		210		201,212
2.85%, 10/01/29 (Call 07/01/29)		1,025		941,001
3.25%, 06/01/50 (Call 12/01/49)^(a)		460		365,304
President and Fellows of Harvard College
2.52%, 10/15/50 (Call 04/15/50)		261		199,699
3.15%, 07/15/46 (Call 01/15/46)		289		258,340
3.30%, 07/15/56 (Call 01/15/56)		310		277,016
Rockefeller Foundation (The), Series 2020, 2.49%, 10/01/50 (Call 04/01/50)		330		245,193
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)		25		20,370
2.30%, 08/15/60 (Call 02/15/60)		393		244,650
2.45%, 03/01/27 (Call 02/01/27)^(c)		90		84,822
2.50%, 12/01/29 (Call 09/01/29)		370		333,004
2.70%, 03/01/29 (Call 01/01/29)^(c)		300		277,038
2.90%, 03/01/32 (Call 12/01/31)^(c)		800		723,376
2.95%, 01/22/27 (Call 10/22/26)^(a)		308		297,266
3.25%, 12/01/49 (Call 06/01/49)		249		199,735
3.70%, 03/01/52 (Call 09/01/51)^(c)		240		209,604
3.90%, 03/01/62 (Call 09/01/61)^(c)		200		175,224
4.25%, 05/01/29 (Call 02/02/29)^(c)		600		603,612
4.75%, 08/01/28 (Call 05/01/28)^(c)		600		621,606
Thomas Jefferson University, 3.85%, 11/01/57 (Call 05/01/57)		205		173,026
Trustees of Princeton University (The)
5.70%, 03/01/39		294		354,220
Series 2020, 2.52%, 07/01/50 (Call 01/01/50)		264		207,235
University of Southern California, 3.03%, 10/01/39		399		344,137
Yale University
Series 2020, 0.87%, 04/15/25 (Call 03/15/25)		53		49,695
Series 2020, 1.48%, 04/15/30 (Call 01/15/30)		130		111,284
Series 2020, 2.40%, 04/15/50 (Call 10/15/49)		70		52,713


				13,866,403


Security	Par (000)		Value

Computers — 3.9%
Apple Inc.
0.55%, 08/20/25 (Call 07/20/25)	$	345	$	317,300
0.70%, 02/08/26 (Call 01/08/26)		960		876,720
0.75%, 05/11/23		33		32,497
1.13%, 05/11/25 (Call 04/11/25)		1,207		1,138,430
1.20%, 02/08/28 (Call 12/08/27)		1,078		944,037
1.25%, 08/20/30 (Call 05/20/30)		420		346,697
1.40%, 08/05/28 (Call 06/05/28)		760		667,417
1.65%, 05/11/30 (Call 02/11/30)		493		423,526
1.65%, 02/08/31 (Call 11/08/30)		940		795,531
1.70%, 08/05/31 (Call 05/05/31)		700		590,975
1.80%, 09/11/24 (Call 08/11/24)		296		288,789
2.05%, 09/11/26 (Call 07/11/26)		775		734,444
2.20%, 09/11/29 (Call 06/11/29)		652		591,879
2.38%, 02/08/41 (Call 08/08/40)		735		573,351
2.40%, 05/03/23		1,602		1,604,451
2.40%, 08/20/50 (Call 06/20/50)		205		148,133
2.45%, 08/04/26 (Call 05/04/26)		1,095		1,056,357
2.50%, 02/09/25^(a)		836		824,304
2.55%, 08/20/60 (Call 02/20/60)		345		243,066
2.65%, 05/11/50 (Call 11/11/49)		552		420,293
2.65%, 02/08/51 (Call 08/08/50)^(a)		852		644,351
2.70%, 08/05/51 (Call 02/05/51)		460		351,008
2.75%, 01/13/25 (Call 11/13/24)		977		968,940
2.80%, 02/08/61 (Call 02/08/60)		1,110		814,984
2.85%, 05/11/24 (Call 03/11/24)		878		877,561
2.85%, 08/05/61 (Call 02/05/61)		1,005		749,368
2.90%, 09/12/27 (Call 06/12/27)		1,000		967,550
2.95%, 09/11/49 (Call 03/11/49)		780		629,335
3.00%, 02/09/24 (Call 12/09/23)		953		956,660
3.00%, 06/20/27 (Call 03/20/27)^(a)		631		620,727
3.00%, 11/13/27 (Call 08/13/27)^(a)		699		686,453
3.20%, 05/13/25		998		1,000,565
3.20%, 05/11/27 (Call 02/11/27)		947		934,414
3.25%, 02/23/26 (Call 11/23/25)		1,381		1,378,625
3.35%, 02/09/27 (Call 11/09/26)		1,023		1,018,929
3.45%, 05/06/24		1,291		1,305,537
3.45%, 02/09/45		889		793,566
3.75%, 09/12/47 (Call 03/12/47)		595		551,892
3.75%, 11/13/47 (Call 05/13/47)		607		565,269
3.85%, 05/04/43		1,279		1,212,441
3.85%, 08/04/46 (Call 02/04/46)		975		922,691
4.25%, 02/09/47 (Call 08/09/46)		538		535,009
4.38%, 05/13/45^(a)		940		952,370
4.45%, 05/06/44		454		466,036
4.50%, 02/23/36 (Call 08/23/35)		793		843,118
4.65%, 02/23/46 (Call 08/23/45)		1,742		1,841,172
IBM Corp.
2.72%, 02/09/32 (Call 11/09/31)		200		177,594
3.43%, 02/09/52 (Call 08/09/51)		325		267,530
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)		30		27,237
1.95%, 05/15/30 (Call 02/15/30)^(a)		205		175,365
2.20%, 02/09/27 (Call 01/09/27)		130		121,843
2.85%, 05/15/40 (Call 11/15/39)		358		284,270
2.95%, 05/15/50 (Call 11/15/49)		395		300,852
3.00%, 05/15/24^(a)		1,743		1,735,854
3.30%, 05/15/26		1,490		1,471,271
3.30%, 01/27/27^(a)		450		443,655
3.38%, 08/01/23		616		621,119


Security	Par (000)		Value

Computers (continued)
3.45%, 02/19/26^(a)	$	838	$	833,039
3.50%, 05/15/29		210		203,148
3.63%, 02/12/24		922		929,394
4.00%, 06/20/42		630		576,538
4.15%, 05/15/39		1,005		953,976
4.25%, 05/15/49		1,365		1,280,015
4.70%, 02/19/46		345		345,728
5.60%, 11/30/39		469		522,621
5.88%, 11/29/32		462		522,758
7.00%, 10/30/25		499		554,604


				47,555,179

Cosmetics & Personal Care — 1.2%
Colgate-Palmolive Co.
3.25%, 03/15/24		287		289,310
3.70%, 08/01/47 (Call 02/01/47)		258		243,782
4.00%, 08/15/45		292		285,039
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)^(a)		120		102,612
2.00%, 12/01/24 (Call 11/01/24)		447		435,704
2.38%, 12/01/29 (Call 09/01/29)		580		526,530
2.60%, 04/15/30 (Call 01/15/30)		240		219,084
3.13%, 12/01/49 (Call 06/01/49)		249		206,262
3.15%, 03/15/27 (Call 12/15/26)		443		433,316
4.15%, 03/15/47 (Call 09/15/46)		315		307,446
Procter & Gamble Co. (The)
0.55%, 10/29/25		505		464,120
1.00%, 04/23/26		365		334,406
1.20%, 10/29/30		795		654,444
1.90%, 02/01/27		640		602,765
1.95%, 04/23/31		605		529,115
2.30%, 02/01/32		525		469,413
2.45%, 11/03/26^(a)		561		540,798
2.70%, 02/02/26		624		613,111
2.80%, 03/25/27		492		478,362
2.85%, 08/11/27		593		576,337
3.00%, 03/25/30		850		809,939
3.10%, 08/15/23		570		574,953
Unilever Capital Corp.
0.38%, 09/14/23		130		125,901
1.38%, 09/14/30 (Call 06/14/30)		15		12,327
1.75%, 08/12/31 (Call 05/12/31)		580		484,712
2.00%, 07/28/26		325		306,693
2.13%, 09/06/29 (Call 06/06/29)		115		102,683
2.60%, 05/05/24 (Call 03/05/24)		800		792,328
2.90%, 05/05/27 (Call 02/05/27)		420		405,691
3.10%, 07/30/25		325		323,485
3.25%, 03/07/24 (Call 02/07/24)		678		680,102
3.50%, 03/22/28 (Call 12/22/27)		245		241,751
5.90%, 11/15/32		683		793,127
Series 30Y, 2.63%, 08/12/51 (Call 02/12/51)		500		372,340


				14,337,988

Distribution & Wholesale — 0.1%
WW Grainger Inc.
1.85%, 02/15/25 (Call 01/15/25)		329		315,820
4.60%, 06/15/45 (Call 12/15/44)		397		398,993


				714,813

Diversified Financial Services — 3.5%
American Express Co.
0.75%, 11/03/23^(a)		355		344,080


Security	Par (000)		Value

Diversified Financial Services (continued)
1.65%, 11/04/26 (Call 10/04/26)	$	250	$	228,983
2.25%, 03/04/25 (Call 02/01/25)		95		91,712
2.50%, 07/30/24 (Call 06/29/24)^(a)		935		916,515
2.55%, 03/04/27 (Call 02/01/27)		295		278,038
3.00%, 10/30/24 (Call 09/29/24)^(a)		1,044		1,035,669
3.13%, 05/20/26 (Call 04/20/26)		470		461,183
3.30%, 05/03/27		1,179		1,149,136
3.38%, 05/03/24		165		164,764
3.40%, 02/22/24 (Call 01/22/24)		795		796,598
3.63%, 12/05/24 (Call 11/04/24)^(a)		476		477,918
3.70%, 08/03/23 (Call 07/03/23)		1,100		1,112,342
4.05%, 05/03/29		280		277,578
4.05%, 12/03/42		354		334,965
4.20%, 11/06/25 (Call 10/06/25)		445		454,536
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		415		402,176
3.00%, 04/02/25 (Call 03/02/25)		475		468,540
3.70%, 10/15/24		555		558,585
4.00%, 10/15/23		579		586,116
Brookfield Finance I UK PLC, 2.34%, 01/30/32
(Call 10/30/31)		310		257,607
Brookfield Finance Inc.
2.72%, 04/15/31 (Call 01/15/31)^(a)		95		83,211
3.50%, 03/30/51 (Call 09/30/50)		207		163,774
3.90%, 01/25/28 (Call 10/25/27)		581		566,057
4.00%, 04/01/24 (Call 02/01/24)		160		161,438
4.25%, 06/02/26 (Call 03/02/26)		221		223,458
4.35%, 04/15/30 (Call 01/15/30)		426		420,177
4.70%, 09/20/47 (Call 03/20/47)		542		512,054
4.85%, 03/29/29 (Call 12/29/28)		505		518,701
Brookfield Finance LLC, 3.45%, 04/15/50 (Call 10/15/49)		389		305,587
Cboe Global Markets Inc.
1.63%, 12/15/30 (Call 09/15/30)		170		140,495
3.65%, 01/12/27 (Call 10/12/26)		774		771,368
Charles Schwab Corp. (The)
0.75%, 03/18/24 (Call 02/18/24)		157		150,298
0.90%, 03/11/26 (Call 02/11/26)		406		367,479
1.15%, 05/13/26 (Call 04/13/26)		335		303,942
1.65%, 03/11/31 (Call 12/11/30)		430		349,500
1.95%, 12/01/31 (Call 09/01/31)		15		12,345
2.00%, 03/20/28 (Call 01/20/28)		6		5,412
2.30%, 05/13/31 (Call 02/13/31)^(a)		445		383,056
2.45%, 03/03/27 (Call 02/03/27)		110		103,524
2.90%, 03/03/32 (Call 12/03/31)		400		358,464
3.20%, 03/02/27 (Call 12/02/26)^(a)		300		293,694
3.20%, 01/25/28 (Call 10/25/27)		505		486,805
3.25%, 05/22/29 (Call 02/22/29)		416		395,687
3.30%, 04/01/27 (Call 01/01/27)		568		556,407
3.55%, 02/01/24 (Call 01/01/24)		469		472,297
3.63%, 04/01/25 (Call 01/01/25)		438		438,675
3.85%, 05/21/25 (Call 03/21/25)		576		582,359
4.00%, 02/01/29 (Call 11/01/28)		462		461,723
4.20%, 03/24/25 (Call 02/22/25)		278		283,693
4.63%, 03/22/30 (Call 12/22/29)		321		332,257
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		150		133,664
3.00%, 03/15/25 (Call 12/15/24)^(a)		132		130,914
3.75%, 06/15/28 (Call 03/15/28)		317		315,405
4.15%, 06/15/48 (Call 12/15/47)		390		385,308
5.30%, 09/15/43 (Call 03/15/43)		447		497,560


Security	Par (000)		Value

Diversified Financial Services (continued)
Credit Suisse USA Inc., 7.13%, 07/15/32	$	451	$	547,600
Franklin Resources Inc., 1.60%, 10/30/30 (Call 07/30/30)		45		36,428
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		1,200		966,288
2.10%, 06/15/30 (Call 03/15/30)		220		190,177
2.65%, 09/15/40 (Call 03/15/40)		375		288,390
3.00%, 06/15/50 (Call 12/15/49)^(a)		500		381,685
3.00%, 09/15/60 (Call 03/15/60)		1,000		721,850
3.10%, 09/15/27 (Call 06/15/27)^(a)		75		72,371
3.75%, 12/01/25 (Call 09/01/25)		425		426,623
3.75%, 09/21/28 (Call 06/21/28)		50		49,266
4.00%, 10/15/23		225		227,774
4.25%, 09/21/48 (Call 03/21/48)		500		479,885
Invesco Finance PLC
3.75%, 01/15/26		147		146,784
4.00%, 01/30/24		392		395,536
Legg Mason Inc., 5.63%, 01/15/44^(a)		393		434,265
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		200		174,042
2.00%, 03/03/25 (Call 02/03/25)^(a)		333		323,733
2.00%, 11/18/31 (Call 08/18/31)		380		325,675
2.95%, 11/21/26 (Call 08/21/26)		611		601,804
2.95%, 06/01/29 (Call 03/01/29)		546		520,480
2.95%, 03/15/51 (Call 09/15/50)		333		270,922
3.30%, 03/26/27 (Call 01/26/27)		633		628,550
3.35%, 03/26/30 (Call 12/26/29)^(a)		672		651,215
3.38%, 04/01/24		134		135,268
3.50%, 02/26/28 (Call 11/26/27)^(a)		90		89,495
3.65%, 06/01/49 (Call 12/01/48)		515		467,429
3.80%, 11/21/46 (Call 05/21/46)		401		373,993
3.85%, 03/26/50 (Call 09/26/49)		581		546,326
3.95%, 02/26/48 (Call 08/26/47)		345		331,738
ORIX Corp.
2.25%, 03/09/31		260		222,643
3.25%, 12/04/24		351		348,203
3.70%, 07/18/27		265		261,324
4.00%, 04/13/32^(a)		300		294,015
4.05%, 01/16/24		114		115,256
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		495		431,531
4.65%, 04/01/30 (Call 01/01/30)		125		126,491
4.95%, 07/15/46		325		335,966
Visa Inc.
0.75%, 08/15/27 (Call 06/15/27)		272		239,412
1.10%, 02/15/31 (Call 11/15/30)		570		458,907
1.90%, 04/15/27 (Call 02/15/27)^(a)		859		799,437
2.00%, 08/15/50 (Call 02/15/50)		818		554,342
2.05%, 04/15/30 (Call 01/15/30)		726		642,575
2.70%, 04/15/40 (Call 10/15/39)		576		472,383
2.75%, 09/15/27 (Call 06/15/27)		362		350,995
3.15%, 12/14/25 (Call 09/14/25)		769		764,171
3.65%, 09/15/47 (Call 03/15/47)		413		376,144
4.15%, 12/14/35 (Call 06/14/35)		767		772,262
4.30%, 12/14/45 (Call 06/14/45)		1,671		1,678,202


				42,113,680

Electric — 5.8%
AEP Transmission Co. LLC
3.75%, 12/01/47 (Call 06/01/47)		305		267,326
Series M, 3.65%, 04/01/50 (Call 10/01/49)		365		311,411
Series N, 2.75%, 08/15/51 (Call 02/15/51)		150		110,021


Security	Par (000)		Value

Electric (continued)
Alabama Power Co.
3.00%, 03/15/52 (Call 09/15/51)	$	35	$	26,635
3.13%, 07/15/51 (Call 01/15/51)^(a)		175		136,973
3.45%, 10/01/49 (Call 04/01/49)		435		358,853
3.75%, 03/01/45 (Call 09/01/44)		455		392,060
6.00%, 03/01/39		262		298,067
Series 20-A, 1.45%, 09/15/30 (Call 06/15/30)		115		94,652
Series A, 4.30%, 07/15/48 (Call 01/15/48)		307		287,459
Series B, 3.70%, 12/01/47 (Call 06/01/47)		424		367,277
Ameren Illinois Co.
3.70%, 12/01/47 (Call 06/01/47)		231		205,001
4.50%, 03/15/49 (Call 09/15/48)		250		251,513
Appalachian Power Co.
7.00%, 04/01/38		270		323,590
Series AA, 2.70%, 04/01/31 (Call 01/01/31)^(a)		324		283,202
Series Z, 3.70%, 05/01/50 (Call 11/01/49)		140		117,117
Arizona Public Service Co.
3.35%, 05/15/50 (Call 11/15/49)		436		338,920
4.35%, 11/15/45 (Call 05/15/45)^(a)		180		164,209
Baltimore Gas & Electric Co.
2.25%, 06/15/31 (Call 03/15/31)		220		189,211
3.50%, 08/15/46 (Call 02/15/46)		390		332,744
Berkshire Hathaway Energy Co.
1.65%, 05/15/31 (Call 02/15/31)		645		529,197
2.85%, 05/15/51 (Call 11/15/50)		875		639,424
3.25%, 04/15/28 (Call 01/15/28)		524		503,119
3.70%, 07/15/30 (Call 04/15/30)		60		58,238
3.75%, 11/15/23 (Call 08/15/23)		191		193,011
3.80%, 07/15/48 (Call 01/15/48)		355		308,555
4.05%, 04/15/25 (Call 03/15/25)		36		36,528
4.25%, 10/15/50 (Call 04/15/50)		565		530,637
4.45%, 01/15/49 (Call 07/15/48)		387		371,632
4.50%, 02/01/45 (Call 08/01/44)		214		203,897
4.60%, 05/01/53^(c)		200		195,968
5.15%, 11/15/43 (Call 05/15/43)		380		389,747
5.95%, 05/15/37		300		336,627
6.13%, 04/01/36		881		1,002,939
CenterPoint Energy Houston Electric LLC
3.00%, 03/01/32 (Call 12/01/31)		135		124,367
3.55%, 08/01/42 (Call 02/01/42)		105		94,103
3.60%, 03/01/52 (Call 09/01/51)		325		287,745
4.50%, 04/01/44 (Call 10/01/43)		364		363,687
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		303		297,122
Series AF, 3.35%, 04/01/51 (Call 10/01/50)^(a)		188		160,287
Commonwealth Edison Co.
2.55%, 06/15/26 (Call 03/15/26)		238		228,849
3.00%, 03/01/50 (Call 09/01/49)		355		278,277
3.65%, 06/15/46 (Call 12/15/45)		212		187,626
3.70%, 08/15/28 (Call 05/15/28)		238		234,249
4.00%, 03/01/48 (Call 09/01/47)		385		358,065
5.90%, 03/15/36		55		62,979
Series 123, 3.75%, 08/15/47 (Call 02/15/47)		356		312,507
Series 130, 3.13%, 03/15/51 (Call 09/15/50)		461		370,662
Connecticut Light & Power Co. (The)
4.00%, 04/01/48 (Call 10/01/47)		400		374,676
Series A, 3.20%, 03/15/27 (Call 12/15/26)		295		289,301
Consolidated Edison Co. of New York Inc.
2.40%, 06/15/31 (Call 03/15/31)^(a)		775		671,840
3.20%, 12/01/51 (Call 06/01/51)		100		78,770
3.60%, 06/15/61 (Call 12/15/60)^(a)		475		382,442


Security	Par (000)		Value

Electric (continued)
3.70%, 11/15/59 (Call 05/15/59)	$	35	$	28,511
3.85%, 06/15/46 (Call 12/15/45)		215		183,503
3.95%, 03/01/43 (Call 09/01/42)		497		443,513
4.45%, 03/15/44 (Call 09/15/43)		543		515,052
4.50%, 12/01/45 (Call 06/01/45)		453		428,298
4.50%, 05/15/58 (Call 11/15/57)		330		310,880
4.63%, 12/01/54 (Call 06/01/54)		198		190,646
Series 07-A, 6.30%, 08/15/37		272		311,693
Series 08-B, 6.75%, 04/01/38		291		353,018
Series 09-C, 5.50%, 12/01/39		266		285,474
Series 2017, 3.88%, 06/15/47 (Call 12/15/46)		390		338,477
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)		213		201,296
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)		394		357,066
Series A, 4.13%, 05/15/49 (Call 11/15/48)		428		392,095
Series C, 3.00%, 12/01/60 (Call 06/01/60)		315		226,293
Series C, 4.30%, 12/01/56 (Call 06/01/56)		295		266,326
Series D, 4.00%, 12/01/28 (Call 09/01/28)^(a)		300		300,414
Series E, 4.65%, 12/01/48 (Call 06/01/48)		247		240,232
Consumers Energy Co.
2.50%, 05/01/60 (Call 11/01/59)		168		112,995
3.10%, 08/15/50 (Call 02/15/50)		270		216,513
3.50%, 08/01/51 (Call 02/01/51)		357		307,716
4.05%, 05/15/48 (Call 11/15/47)		350		331,709
4.35%, 04/15/49 (Call 10/15/48)		253		251,148
Delmarva Power & Light Co., 3.50%, 11/15/23
(Call 08/15/23)		290		291,618
Dominion Energy South Carolina Inc.
5.10%, 06/01/65 (Call 12/01/64)		204		211,226
6.05%, 01/15/38		255		293,870
DTE Electric Co.
2.25%, 03/01/30 (Call 12/01/29)		330		293,146
2.95%, 03/01/50 (Call 09/01/49)		237		186,159
3.70%, 03/15/45 (Call 09/15/44)		226		198,216
3.95%, 03/01/49 (Call 09/01/48)		315		291,561
Series A, 1.90%, 04/01/28 (Call 02/01/28)		158		142,100
Series A, 3.00%, 03/01/32 (Call 12/01/31)		350		320,359
Series A, 4.05%, 05/15/48 (Call 11/15/47)		255		241,541
Series C, 2.63%, 03/01/31 (Call 12/01/30)		285		255,383
Duke Energy Carolinas LLC
2.45%, 02/01/30 (Call 11/01/29)		360		322,333
2.55%, 04/15/31 (Call 01/15/31)^(a)		84		74,623
2.85%, 03/15/32 (Call 12/15/31)		175		158,008
2.95%, 12/01/26 (Call 09/01/26)^(a)		170		165,160
3.20%, 08/15/49 (Call 02/15/49)		180		147,085
3.40%, 04/01/32 (Call 01/01/32)		200		189,104
3.55%, 03/15/52 (Call 09/15/51)		80		69,114
3.70%, 12/01/47 (Call 06/01/47)		355		310,756
3.75%, 06/01/45 (Call 12/01/44)^(a)		267		233,881
3.88%, 03/15/46 (Call 09/15/45)		305		276,757
3.95%, 11/15/28 (Call 08/15/28)		300		300,078
3.95%, 03/15/48 (Call 09/15/47)		267		246,420
4.00%, 09/30/42 (Call 03/30/42)^(a)		285		260,268
4.25%, 12/15/41 (Call 06/15/41)		271		256,935
5.30%, 02/15/40		381		411,175
6.00%, 01/15/38		97		112,607
6.05%, 04/15/38		280		322,053
Duke Energy Florida LLC
1.75%, 06/15/30 (Call 03/15/30)		280		235,082
2.40%, 12/15/31 (Call 09/15/31)		110		95,613
2.50%, 12/01/29 (Call 09/01/29)^(a)		450		406,228


Security	Par (000)		Value

Electric (continued)
3.00%, 12/15/51 (Call 06/15/51)	$	45	$	35,106
3.20%, 01/15/27 (Call 10/15/26)		212		207,690
3.40%, 10/01/46 (Call 04/01/46)		310		259,132
3.80%, 07/15/28 (Call 04/15/28)		235		231,452
6.35%, 09/15/37		359		420,723
6.40%, 06/15/38		460		556,559
Duke Energy Indiana LLC
2.75%, 04/01/50 (Call 10/01/49)		435		321,900
3.75%, 05/15/46 (Call 11/15/45)		180		159,827
6.35%, 08/15/38		251		292,101
Series YYY, 3.25%, 10/01/49 (Call 04/01/49)^(a)		240		195,187
Duke Energy Progress LLC
2.00%, 08/15/31 (Call 05/15/31)^(a)		35		29,648
2.50%, 08/15/50 (Call 02/15/50)		338		241,166
3.25%, 08/15/25 (Call 05/15/25)		265		263,338
3.45%, 03/15/29 (Call 12/15/28)		320		308,554
3.60%, 09/15/47 (Call 03/15/47)		365		315,710
3.70%, 09/01/28 (Call 06/01/28)		139		136,833
4.10%, 05/15/42 (Call 11/15/41)		255		239,147
4.10%, 03/15/43 (Call 09/15/42)		276		258,866
4.15%, 12/01/44 (Call 06/01/44)		275		256,757
4.20%, 08/15/45 (Call 02/15/45)		495		465,577
Entergy Arkansas LLC
2.65%, 06/15/51 (Call 12/15/50)		347		251,245
3.50%, 04/01/26 (Call 01/01/26)		490		486,771
Entergy Louisiana LLC
0.62%, 11/17/23 (Call 05/31/22)^(a)		493		476,070
0.95%, 10/01/24 (Call 10/01/22)		95		89,533
2.35%, 06/15/32 (Call 03/15/32)		305		259,900
2.90%, 03/15/51 (Call 09/15/50)		385		295,961
3.10%, 06/15/41 (Call 12/15/40)		110		91,708
4.00%, 03/15/33 (Call 12/15/32)		372		365,334
4.20%, 09/01/48 (Call 03/01/48)		498		473,922
4.20%, 04/01/50 (Call 10/01/49)		263		250,102
Entergy Texas Inc., 1.75%, 03/15/31 (Call 12/15/30)		350		289,125
Evergy Kansas Central Inc.
3.45%, 04/15/50 (Call 10/15/49)		235		194,430
4.13%, 03/01/42 (Call 09/01/41)^(a)		286		262,991
Florida Power & Light Co.
2.45%, 02/03/32 (Call 11/03/31)		330		290,671
2.75%, 06/01/23 (Call 12/01/22)		293		293,469
2.85%, 04/01/25 (Call 03/01/25)		598		589,132
2.88%, 12/04/51 (Call 06/04/51)		430		336,785
3.13%, 12/01/25 (Call 06/01/25)		636		631,561
3.15%, 10/01/49 (Call 04/01/49)		379		313,880
3.25%, 06/01/24 (Call 12/01/23)		246		246,925
3.70%, 12/01/47 (Call 06/01/47)		361		329,283
3.95%, 03/01/48 (Call 09/01/47)		368		348,301
3.99%, 03/01/49 (Call 09/01/48)		390		370,917
4.05%, 06/01/42 (Call 12/01/41)		383		365,152
4.05%, 10/01/44 (Call 04/01/44)		380		359,925
4.13%, 02/01/42 (Call 08/01/41)		382		369,585
4.13%, 06/01/48 (Call 12/01/47)		257		247,545
5.69%, 03/01/40		220		251,548
5.95%, 02/01/38		270		315,158
5.96%, 04/01/39		270		315,660
John Sevier Combined Cycle Generation LLC, 4.63%, 01/15/42		84		87,412
Kentucky Utilities Co.
3.30%, 06/01/50 (Call 12/01/49)^(a)		250		202,195


Security	Par (000)		Value

Electric (continued)
4.38%, 10/01/45 (Call 04/01/45)	$	302	$	283,080
5.13%, 11/01/40 (Call 05/01/40)		409		423,924
MidAmerican Energy Co.
2.70%, 08/01/52 (Call 02/01/52)		200		149,894
3.15%, 04/15/50 (Call 10/15/49)		240		194,071
3.50%, 10/15/24 (Call 07/15/24)		51		51,337
3.65%, 04/15/29 (Call 01/15/29)		698		687,404
3.65%, 08/01/48 (Call 02/01/48)		273		242,509
4.25%, 07/15/49 (Call 01/15/49)		637		619,355
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26 (Call 05/15/26)		38		34,112
1.88%, 02/07/25		290		277,542
2.40%, 03/15/30 (Call 12/15/29)		430		382,743
2.75%, 04/15/32 (Call 01/15/32)		200		176,482
2.85%, 01/27/25 (Call 10/27/24)		99		97,540
3.40%, 02/07/28 (Call 11/07/27)		398		388,567
3.45%, 06/15/25		300		298,665
4.02%, 11/01/32 (Call 05/01/32)		328		321,696
4.30%, 03/15/49 (Call 09/15/48)		237		229,186
Nevada Power Co., Series CC, 3.70%, 05/01/29
(Call 02/01/29)		10		9,872
Northern States Power Co./MN
2.60%, 06/01/51 (Call 12/01/50)^(a)		215		160,027
2.90%, 03/01/50 (Call 09/01/49)		343		268,569
3.40%, 08/15/42 (Call 02/15/42)		54		47,000
3.60%, 09/15/47 (Call 03/15/47)		303		270,309
NSTAR Electric Co., 3.20%, 05/15/27 (Call 02/15/27)		115		112,633
Ohio Power Co., Series R, 2.90%, 10/01/51 (Call 04/01/51)		100		73,795
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51 (Call 05/15/51)^(a)(c)		260		195,257
3.10%, 09/15/49 (Call 03/15/49)		334		269,451
3.75%, 04/01/45 (Call 10/01/44)		343		307,976
PacifiCorp.
2.90%, 06/15/52 (Call 12/15/51)		45		34,418
3.30%, 03/15/51 (Call 09/15/50)^(a)		440		358,776
4.13%, 01/15/49 (Call 07/15/48)		297		273,335
4.15%, 02/15/50 (Call 08/15/49)		254		234,038
5.75%, 04/01/37		232		254,562
6.00%, 01/15/39		265		302,972
6.25%, 10/15/37		280		321,356
PECO Energy Co., 3.90%, 03/01/48 (Call 09/01/47)		97		90,201
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)^(a)		445		420,018
6.50%, 11/15/37		340		409,975
Public Service Co. of Colorado
1.88%, 06/15/31 (Call 12/15/30)		35		29,465
3.60%, 09/15/42 (Call 03/15/42)		354		313,063
Series 34, 3.20%, 03/01/50 (Call 09/01/49)		205		169,031
Public Service Electric & Gas Co.
2.38%, 05/15/23 (Call 02/15/23)		264		262,999
3.80%, 03/01/46 (Call 09/01/45)		318		290,261
Puget Sound Energy Inc., 4.22%, 06/15/48 (Call 12/15/47)		100		93,938
San Diego Gas & Electric Co.
2.50%, 05/15/26 (Call 02/15/26)		517		493,957
3.70%, 03/15/52 (Call 09/15/51)		400		350,472
4.50%, 08/15/40		160		157,576
Series VVV, 1.70%, 10/01/30 (Call 07/01/30)		341		282,242
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)		240		186,492
Southern California Edison Co.
1.10%, 04/01/24 (Call 04/01/23)		130		125,024


Security	Par (000)		Value

Electric (continued)
2.25%, 06/01/30 (Call 03/01/30)	$	525	$	448,492
2.75%, 02/01/32 (Call 11/01/31)		570		495,421
2.85%, 08/01/29 (Call 05/01/29)		187		168,910
3.45%, 02/01/52 (Call 08/01/51)		300		236,121
3.65%, 02/01/50 (Call 08/01/49)		607		487,020
4.00%, 04/01/47 (Call 10/01/46)		249		212,840
4.50%, 09/01/40 (Call 03/01/40)		245		225,677
4.65%, 10/01/43 (Call 04/01/43)		264		250,972
5.50%, 03/15/40		364		373,151
6.00%, 01/15/34		270		294,573
6.05%, 03/15/39		311		338,794
Series 08-A, 5.95%, 02/01/38		295		318,219
Series 20A, 2.95%, 02/01/51 (Call 08/01/50)		670		481,489
Series A, 4.20%, 03/01/29 (Call 12/01/28)		259		255,164
Series B, 4.88%, 03/01/49 (Call 09/01/48)		335		320,424
Series C, 3.50%, 10/01/23 (Call 07/01/23)		322		322,950
Series C, 4.13%, 03/01/48 (Call 09/01/47)		525		452,403
Series E, 3.70%, 08/01/25 (Call 06/01/25)		657		656,422
Southwestern Public Service Co., Series 8, 3.15%, 05/01/50 (Call 11/01/49)		450		361,845
Union Electric Co.
2.15%, 03/15/32 (Call 12/15/31)^(a)		490		415,887
2.63%, 03/15/51 (Call 09/15/50)		170		124,229
3.90%, 04/01/52 (Call 10/01/51)		200		182,052
Virginia Electric & Power Co.
2.30%, 11/15/31 (Call 08/15/31)		210		179,810
2.40%, 03/30/32 (Call 12/30/31)		565		488,991
2.45%, 12/15/50 (Call 06/15/50)^(a)		618		432,829
2.95%, 11/15/51 (Call 05/15/51)		100		77,644
3.30%, 12/01/49 (Call 06/01/49)^(a)		417		346,581
4.00%, 01/15/43 (Call 07/15/42)		240		220,944
4.45%, 02/15/44 (Call 08/15/43)		301		295,790
4.60%, 12/01/48 (Call 06/01/48)		264		264,267
8.88%, 11/15/38		296		433,536
Series A, 2.88%, 07/15/29 (Call 04/15/29)		400		371,268
Series A, 3.15%, 01/15/26 (Call 10/15/25)		495		485,635
Series A, 3.50%, 03/15/27 (Call 12/15/26)		235		232,417
Series A, 3.80%, 04/01/28 (Call 01/01/28)^(a)		295		292,109
Series A, 6.00%, 05/15/37		212		240,408
Series B, 3.80%, 09/15/47 (Call 03/15/47)		355		319,734
Series B, 6.00%, 01/15/36		140		158,137
Series C, 4.00%, 11/15/46 (Call 05/15/46)		400		367,964
Series D, 4.65%, 08/15/43 (Call 02/15/43)		165		164,033


				69,294,429

Electrical Components & Equipment — 0.2%
Emerson Electric Co.
0.88%, 10/15/26 (Call 09/15/26)^(a)		417		371,559
1.80%, 10/15/27 (Call 08/15/27)		257		232,449
1.95%, 10/15/30 (Call 07/15/30)		505		434,482
2.00%, 12/21/28 (Call 10/21/28)		300		268,476
2.20%, 12/21/31 (Call 09/21/31)^(a)		300		259,473
2.75%, 10/15/50 (Call 04/15/50)		242		181,626
2.80%, 12/21/51 (Call 06/21/51)		385		293,046
3.15%, 06/01/25 (Call 03/01/25)		245		243,594


				2,284,705

Electronics — 0.3%
Honeywell International Inc.
1.10%, 03/01/27 (Call 02/01/27)		370		331,465
1.35%, 06/01/25 (Call 05/01/25)		73		69,099


Security	Par (000)		Value

Electronics (continued)
1.75%, 09/01/31 (Call 06/01/31)^(a)	$	325	$	273,936
1.95%, 06/01/30 (Call 03/01/30)		241		210,636
2.30%, 08/15/24 (Call 07/15/24)		584		575,643
2.50%, 11/01/26 (Call 08/01/26)^(a)		429		412,509
2.70%, 08/15/29 (Call 05/15/29)^(a)		570		532,334
2.80%, 06/01/50 (Call 12/01/49)^(a)		364		294,156
Tyco Electronics Group SA, 2.50%, 02/04/32 (Call 11/04/31)^(a)		470		416,251


				3,116,029

Food — 0.2%
Hershey Co. (The)
2.30%, 08/15/26 (Call 05/15/26)		835		798,652
3.38%, 05/15/23 (Call 04/15/23)		384		386,408
Hormel Foods Corp.
0.65%, 06/03/24 (Call 06/03/22)		200		190,502
1.70%, 06/03/28 (Call 04/03/28)		275		244,096
1.80%, 06/11/30 (Call 03/11/30)		631		534,905
3.05%, 06/03/51 (Call 12/03/50)		275		219,821


				2,374,384

Forest Products & Paper — 0.1%
Georgia-Pacific LLC
7.75%, 11/15/29		31		38,187
8.00%, 01/15/24		642		692,994


				731,181

Gas — 0.3%
Atmos Energy Corp.
1.50%, 01/15/31 (Call 10/15/30)		234		190,151
2.63%, 09/15/29 (Call 06/15/29)		260		236,379
2.85%, 02/15/52 (Call 08/15/51)^(a)		285		216,232
3.00%, 06/15/27 (Call 03/15/27)		322		310,434
3.38%, 09/15/49 (Call 03/15/49)		353		296,269
4.13%, 10/15/44 (Call 04/15/44)		499		463,521
4.15%, 01/15/43 (Call 07/15/42)		240		220,692
4.30%, 10/01/48 (Call 04/01/48)		150		143,708
CenterPoint Energy Resources Corp., 1.75%, 10/01/30 (Call 07/01/30)		395		326,550
Southern California Gas Co.
2.95%, 04/15/27 (Call 03/15/27)		400		382,608
3.15%, 09/15/24 (Call 06/15/24)^(a)		520		517,915
Series TT, 2.60%, 06/15/26 (Call 03/15/26)		294		281,337
Series VV, 4.30%, 01/15/49 (Call 07/15/48)		134		128,938
Series XX, 2.55%, 02/01/30 (Call 11/01/29)		381		338,861


				4,053,595

Hand & Machine Tools — 0.2%
Snap-on Inc., 3.10%, 05/01/50 (Call 11/01/49)		368		295,526
Stanley Black & Decker Inc.
2.30%, 02/24/25 (Call 02/24/23)^(a)		200		194,064
2.30%, 03/15/30 (Call 12/15/29)		417		365,017
2.75%, 11/15/50 (Call 05/15/50)^(a)		457		331,709
3.00%, 05/15/32 (Call 02/15/32)		400		359,900
3.40%, 03/01/26 (Call 01/01/26)		236		234,714
4.25%, 11/15/28 (Call 08/15/28)		30		30,236
4.85%, 11/15/48 (Call 05/15/48)		225		231,790


				2,042,956

Health Care - Products — 0.7%
Abbott Laboratories
1.15%, 01/30/28 (Call 11/30/27)^(a)		464		407,759
1.40%, 06/30/30 (Call 03/30/30)		368		309,352
2.95%, 03/15/25 (Call 12/15/24)^(a)		563		560,269


Security	Par (000)		Value

Health Care - Products (continued)
3.40%, 11/30/23 (Call 09/30/23)	$	833	$	840,547
3.75%, 11/30/26 (Call 08/30/26)		692		702,470
4.75%, 11/30/36 (Call 05/30/36)		987		1,060,512
4.75%, 04/15/43 (Call 10/15/42)		413		437,127
4.90%, 11/30/46 (Call 05/30/46)		1,346		1,474,664
5.30%, 05/27/40		357		399,979
6.00%, 04/01/39		85		101,041
6.15%, 11/30/37^(a)		150		181,952
Medtronic Inc.
3.50%, 03/15/25^(a)		841		843,960
4.38%, 03/15/35		662		682,601
4.63%, 03/15/45		962		1,008,388


				9,010,621

Health Care - Services — 2.4%
Ascension Health
3.95%, 11/15/46^(a)		767		740,247
Series B, 2.53%, 11/15/29 (Call 08/15/29)		612		560,935
Series B, 3.11%, 11/15/39 (Call 05/15/39)		230		199,994
BayCare Health System Inc., Series 2020, 3.83%, 11/15/50 (Call 05/15/50)		219		202,741
Baylor Scott & White Holdings, Series 2021, 2.84%, 11/15/50 (Call 11/15/49)		145		110,154
Children’s Hospital of Philadelphia (The), Series 2020, 2.70%, 07/01/50 (Call 01/01/50)		130		96,624
CommonSpirit Health, 3.82%, 10/01/49 (Call 04/01/49)^(a)		417		363,966
Cottage Health Obligated Group, Series 2020, 3.30%, 11/01/49 (Call 05/01/49)		110		92,930
Duke University Health System Inc., Series 2017, 3.92%, 06/01/47 (Call 12/01/46)		455		434,652
Hackensack Meridian Health Inc.
Series 2020, 2.68%, 09/01/41 (Call 03/01/41)		25		19,606
Series 2020, 2.88%, 09/01/50 (Call 03/01/50)		130		101,236
Johns Hopkins Health System Corp. (The), 3.84%, 05/15/46		421		398,451
Kaiser Foundation Hospitals
3.15%, 05/01/27 (Call 02/01/27)		687		667,764
4.15%, 05/01/47 (Call 11/01/46)^(a)		917		895,771
4.88%, 04/01/42		340		367,210
Series 2019, 3.27%, 11/01/49 (Call 05/12/49)		210		173,555
Series 2021, 2.81%, 06/01/41 (Call 12/01/40)^(a)		500		399,965
Series 2021, 3.00%, 06/01/51 (Call 12/01/50)		695		540,905
Mass General Brigham Inc., Series 2020, 3.34%, 07/01/60 (Call 01/01/60)		254		200,764
Mayo Clinic, Series 2021, 3.20%, 11/15/61 (Call 05/15/61)^(a)		300		240,654
Memorial Sloan-Kettering Cancer Center, Series 2015, 4.20%, 07/01/55		265		258,614
Methodist Hospital (The), Series 20A, 2.71%, 12/01/50 (Call 06/01/50)		312		231,248
Mount Sinai Hospitals Group Inc., Series 2019, 3.74%, 07/01/49 (Call 01/01/49)		433		381,477
New York and Presbyterian Hospital (The) 4.02%, 08/01/45		471		451,816
Series 2019, 3.95%, (Call 02/01/2119)		100		82,702
Northwell Healthcare Inc.
3.98%, 11/01/46 (Call 11/01/45)		360		327,614
4.26%, 11/01/47 (Call 11/01/46)		418		382,896
Novant Health Inc., 3.17%, 11/01/51 (Call 05/01/51)		326		260,976


Security	Par (000)		Value

Health Care - Services (continued)
Providence St Joseph Health Obligated Group
Series 19A, 2.53%, 10/01/29 (Call 07/01/29)	$	441	$	400,349
Series 21A, 2.70%, 10/01/51 (Call 04/01/51)		130		92,238
SSM Health Care Corp.
Series 2018, 3.69%, 06/01/23 (Call 03/01/23)		464		466,761
Series A, 3.82%, 06/01/27 (Call 03/01/27)^(a)		255		255,587
Stanford Health Care, Series 2018, 3.80%, 11/15/48 (Call 05/15/48)		465		432,469
Sutter Health
Series 20A, 2.29%, 08/15/30 (Call 02/15/30)		195		167,657
Series 20A, 3.36%, 08/15/50 (Call 02/15/50)		59		46,630
Toledo Hospital (The), 5.75%, 11/15/38 (Call 11/15/28)		336		353,334
UnitedHealth Group Inc.
1.15%, 05/15/26 (Call 04/15/26)^(a)		215		196,241
1.25%, 01/15/26		226		208,639
2.00%, 05/15/30		560		485,604
2.30%, 05/15/31 (Call 02/15/31)		297		260,035
2.38%, 08/15/24		190		187,207
2.75%, 05/15/40 (Call 11/15/39)		597		478,537
2.88%, 08/15/29		640		599,149
2.90%, 05/15/50 (Call 11/15/49)		610		471,615
2.95%, 10/15/27		611		589,273
3.05%, 05/15/41 (Call 11/15/40)		440		367,479
3.10%, 03/15/26		636		627,509
3.13%, 05/15/60 (Call 11/15/59)		450		344,484
3.25%, 05/15/51 (Call 11/15/50)		877		723,639
3.38%, 04/15/27		395		390,544
3.45%, 01/15/27		531		529,025
3.50%, 06/15/23		546		551,891
3.50%, 02/15/24^(a)		340		342,836
3.50%, 08/15/39 (Call 02/15/39)		575		517,649
3.70%, 08/15/49 (Call 02/15/49)		577		514,863
3.75%, 07/15/25		225		227,225
3.75%, 10/15/47 (Call 04/15/47)		564		506,861
3.85%, 06/15/28		617		618,802
3.88%, 12/15/28		689		690,592
3.88%, 08/15/59 (Call 02/15/59)^(a)		295		264,420
3.95%, 10/15/42 (Call 04/15/42)		388		361,569
4.20%, 01/15/47 (Call 07/15/46)^(a)		362		350,420
4.25%, 03/15/43 (Call 09/15/42)		525		512,720
4.25%, 04/15/47 (Call 10/15/46)		523		509,847
4.25%, 06/15/48 (Call 12/15/47)		525		512,064
4.38%, 03/15/42 (Call 09/15/41)		315		312,978
4.45%, 12/15/48 (Call 06/15/48)^(a)		538		537,941
4.63%, 07/15/35		537		555,618
4.63%, 11/15/41 (Call 05/15/41)		449		459,538
4.75%, 07/15/45		760		796,708
5.80%, 03/15/36		365		419,217
6.50%, 06/15/37		357		438,696
6.63%, 11/15/37		409		508,788
6.88%, 02/15/38		510		654,580


				29,025,295

Household Products & Wares — 0.2%
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)^(a)		490		431,136
2.00%, 11/02/31 (Call 08/02/31)^(a)		415		354,148
2.88%, 02/07/50 (Call 08/07/49)^(a)		266		210,909
3.10%, 03/26/30 (Call 12/26/29)		435		412,354
3.20%, 04/25/29 (Call 01/25/29)		65		62,860
3.20%, 07/30/46 (Call 01/30/46)		289		245,081


Security	Par (000)		Value

Household Products & Wares (continued)
3.95%, 11/01/28 (Call 08/01/28)	$	75	$	76,193
6.63%, 08/01/37		396		496,493


				2,289,174

Insurance — 2.9%
Aflac Inc.
3.60%, 04/01/30 (Call 01/01/30)^(a)		963		935,766
3.63%, 11/15/24		623		627,585
4.75%, 01/15/49 (Call 07/15/48)		38		39,183
Allstate Corp. (The)
0.75%, 12/15/25 (Call 11/15/25)		276		251,306
1.45%, 12/15/30 (Call 09/15/30)		330		268,386
3.15%, 06/15/23		252		253,061
3.28%, 12/15/26 (Call 09/15/26)		270		266,698
3.85%, 08/10/49 (Call 02/10/49)		316		286,065
4.20%, 12/15/46 (Call 06/15/46)		306		288,833
4.50%, 06/15/43		255		250,724
5.55%, 05/09/35		325		362,758
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30 (Call 07/15/30)		372		307,622
1.85%, 03/12/30 (Call 12/12/29)		275		238,219
2.30%, 03/15/27 (Call 02/15/27)^(a)		200		191,070
2.50%, 01/15/51 (Call 07/15/50)		370		261,608
2.85%, 10/15/50 (Call 04/15/50)		907		687,252
2.88%, 03/15/32 (Call 12/15/31)		1,000		905,530
3.85%, 03/15/52 (Call 09/15/51)		1,100		979,517
4.20%, 08/15/48 (Call 02/15/48)		1,011		970,196
4.25%, 01/15/49 (Call 07/15/48)		927		897,494
4.30%, 05/15/43		313		306,045
4.40%, 05/15/42		205		202,948
5.75%, 01/15/40		402		459,538
Berkshire Hathaway Inc.
3.13%, 03/15/26 (Call 12/15/25)^(a)		133		132,016
4.50%, 02/11/43		452		451,403
Chubb Corp. (The), 6.00%, 05/11/37		153		178,387
Chubb INA Holdings Inc.
1.38%, 09/15/30 (Call 06/15/30)		500		408,950
2.85%, 12/15/51 (Call 06/15/51)		400		305,224
3.05%, 12/15/61 (Call 06/15/61)		670		504,195
3.15%, 03/15/25		532		529,329
3.35%, 05/15/24		205		205,726
3.35%, 05/03/26 (Call 02/03/26)		155		153,434
4.35%, 11/03/45 (Call 05/03/45)		585		574,236
Loews Corp.
2.63%, 05/15/23 (Call 02/15/23)		110		109,942
3.20%, 05/15/30 (Call 02/15/30)		208		192,991
3.75%, 04/01/26 (Call 01/01/26)		485		487,857
4.13%, 05/15/43 (Call 11/15/42)		316		285,794
Manulife Financial Corp.
2.48%, 05/19/27 (Call 03/19/27)		674		639,842
4.15%, 03/04/26		189		191,393
5.38%, 03/04/46		252		285,670
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		560		483,997
3.50%, 06/03/24 (Call 03/03/24)		546		547,938
3.50%, 03/10/25 (Call 12/10/24)		345		345,514
3.75%, 03/14/26 (Call 12/14/25)		279		280,211
3.88%, 03/15/24 (Call 02/15/24)		568		574,452
4.20%, 03/01/48 (Call 09/01/47)		380		356,786
4.35%, 01/30/47 (Call 07/30/46)		338		326,451
4.38%, 03/15/29 (Call 12/15/28)		819		828,550


Security	Par (000)		Value

Insurance (continued)
4.75%, 03/15/39 (Call 09/15/38)	$	119	$	122,024
4.90%, 03/15/49 (Call 09/15/48)		408		426,156
MetLife Inc.
3.00%, 03/01/25		410		405,658
3.60%, 04/10/24^(a)		308		310,156
3.60%, 11/13/25 (Call 08/13/25)		202		202,588
4.05%, 03/01/45		459		425,902
4.13%, 08/13/42		356		331,141
4.55%, 03/23/30 (Call 12/23/29)^(a)		110		113,967
4.60%, 05/13/46 (Call 11/13/45)		365		371,165
4.88%, 11/13/43		455		467,585
5.70%, 06/15/35		576		646,710
5.88%, 02/06/41		370		424,856
6.38%, 06/15/34		374		444,465
6.50%, 12/15/32		391		462,928
Series D, 4.37%, 09/15/23^(a)		245		250,071
PartnerRe Finance B LLC, 3.70%, 07/02/29 (Call 04/02/29)		595		574,353
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/12/30)		406		346,371
3.70%, 05/15/29 (Call 02/15/29)		515		497,650
6.05%, 10/15/36		240		278,441
Progressive Corp. (The)
2.45%, 01/15/27^(a)		166		157,434
2.50%, 03/15/27 (Call 02/15/27)		115		108,997
3.00%, 03/15/32 (Call 12/15/31)		90		81,896
3.20%, 03/26/30 (Call 12/26/29)		289		271,984
3.70%, 03/15/52 (Call 09/15/51)		45		39,116
3.95%, 03/26/50 (Call 09/26/49)^(a)		333		305,361
4.00%, 03/01/29 (Call 12/01/28)^(a)		290		291,273
4.13%, 04/15/47 (Call 10/15/46)		358		339,989
4.20%, 03/15/48 (Call 09/15/47)		385		370,528
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		150		139,441
2.10%, 03/10/30 (Call 12/10/29)^(a)		70		61,783
3.00%, 03/10/40 (Call 09/10/39)^(a)		321		265,021
3.70%, 03/13/51 (Call 09/13/50)		597		516,542
3.91%, 12/07/47 (Call 06/07/47)		528		474,281
3.94%, 12/07/49 (Call 06/07/49)		553		502,378
4.35%, 02/25/50 (Call 08/25/49)		438		424,352
4.60%, 05/15/44^(a)		393		385,647
5.70%, 12/14/36		390		437,736
Prudential PLC, 3.13%, 04/14/30		470		434,792
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		255		185,875
3.05%, 06/08/51 (Call 12/08/50)		260		210,153
3.75%, 05/15/46 (Call 11/15/45)		263		237,692
4.00%, 05/30/47 (Call 11/30/46)		347		323,491
4.05%, 03/07/48 (Call 09/07/47)		214		202,213
4.10%, 03/04/49 (Call 09/04/48)		270		256,794
4.60%, 08/01/43		150		151,660
5.35%, 11/01/40		395		438,881
6.25%, 06/15/37		424		508,923
Travelers Property Casualty Corp., 6.38%, 03/15/33		378		454,522


				35,298,634

Internet — 3.3%
Alibaba Group Holding Ltd.
2.13%, 02/09/31 (Call 11/09/30)		625		518,312
2.70%, 02/09/41 (Call 08/09/40)^(a)		465		327,834
3.15%, 02/09/51 (Call 08/09/50)		545		381,189
3.25%, 02/09/61 (Call 08/09/60)		605		408,448


Security	Par (000)		Value

Internet (continued)
3.40%, 12/06/27 (Call 09/06/27)^(a)	$	1,285	$	1,231,557
3.60%, 11/28/24 (Call 08/28/24)		1,145		1,140,271
4.00%, 12/06/37 (Call 06/06/37)		485		421,741
4.20%, 12/06/47 (Call 06/06/47)^(a)		775		653,712
4.40%, 12/06/57 (Call 06/06/57)^(a)		590		505,724
4.50%, 11/28/34 (Call 05/28/34)		260		245,664
Alphabet Inc.
0.45%, 08/15/25 (Call 07/15/25)		615		566,427
0.80%, 08/15/27 (Call 06/15/27)^(a)		950		834,271
1.10%, 08/15/30 (Call 05/15/30)		1,325		1,090,793
1.90%, 08/15/40 (Call 02/15/40)		757		555,108
2.00%, 08/15/26 (Call 05/15/26)^(a)		1,490		1,416,245
2.05%, 08/15/50 (Call 02/15/50)		645		444,444
2.25%, 08/15/60 (Call 02/15/60)		890		592,055
3.38%, 02/25/24		1,034		1,046,677
Amazon.com Inc.
0.25%, 05/12/23		45		44,046
0.40%, 06/03/23		117		114,555
0.45%, 05/12/24		37		35,293
0.80%, 06/03/25 (Call 05/03/25)		440		409,640
1.00%, 05/12/26 (Call 04/12/26)		490		447,140
1.20%, 06/03/27 (Call 04/03/27)		2,322		2,073,500
1.50%, 06/03/30 (Call 03/03/30)		96		81,001
1.65%, 05/12/28 (Call 03/12/28)		817		728,682
2.10%, 05/12/31 (Call 02/12/31)		632		550,605
2.50%, 06/03/50 (Call 12/03/49)		666		492,707
2.70%, 06/03/60 (Call 12/03/59)		705		504,287
2.80%, 08/22/24 (Call 06/22/24)		1,219		1,214,014
2.88%, 05/12/41 (Call 11/12/40)^(a)		1,412		1,166,792
3.00%, 04/13/25		500		498,395
3.10%, 05/12/51 (Call 11/12/50)		1,810		1,493,992
3.15%, 08/22/27 (Call 05/22/27)		1,697		1,662,755
3.25%, 05/12/61 (Call 11/12/60)^(a)		1,365		1,106,510
3.30%, 04/13/27		700		694,337
3.45%, 04/13/29 (Call 02/13/29)		500		492,595
3.60%, 04/13/32 (Call 01/13/32)		1,000		980,480
3.80%, 12/05/24 (Call 09/05/24)^(a)		1,061		1,080,310
3.88%, 08/22/37 (Call 02/22/37)		1,454		1,416,370
3.95%, 04/13/52 (Call 10/13/51)		1,000		958,120
4.05%, 08/22/47 (Call 02/22/47)^(a)		1,082		1,053,565
4.10%, 04/13/62 (Call 10/13/61)		500		477,105
4.25%, 08/22/57 (Call 02/22/57)		1,327		1,309,125
4.80%, 12/05/34 (Call 06/05/34)		764		822,408
4.95%, 12/05/44 (Call 06/05/44)		769		839,948
5.20%, 12/03/25 (Call 09/03/25)		556		588,693
Baidu Inc.
1.72%, 04/09/26 (Call 03/09/26)		200		182,144
3.08%, 04/07/25 (Call 03/07/25)		200		195,184
3.63%, 07/06/27		455		441,914
3.88%, 09/29/23 (Call 08/29/23)		230		231,320
4.13%, 06/30/25		200		200,688
4.38%, 05/14/24 (Call 04/14/24)		50		50,521
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		475		463,206
3.60%, 06/01/26 (Call 03/01/26)^(a)		627		623,451
3.65%, 03/15/25 (Call 12/15/24)		392		393,172
4.63%, 04/13/30 (Call 01/13/30)		743		761,575
Tencent Music Entertainment Group, 2.00%, 09/03/30 (Call 06/03/30)		80		62,642


				39,323,259


Security	Par (000)		Value

Machinery — 1.6%
ABB Finance USA Inc., 4.38%, 05/08/42	$	345	$	335,154
Caterpillar Financial Services Corp.
0.45%, 09/14/23^(a)		400		387,444
0.45%, 05/17/24		2		1,898
0.60%, 09/13/24		210		198,177
0.65%, 07/07/23		470		459,120
0.90%, 03/02/26		1,000		911,690
1.10%, 09/14/27^(a)		669		592,226
1.15%, 09/14/26		340		308,128
1.45%, 05/15/25		117		110,733
2.15%, 11/08/24		337		329,495
2.85%, 05/17/24		299		298,157
3.25%, 12/01/24^(a)		30		30,105
3.45%, 05/15/23		462		465,216
3.65%, 12/07/23		310		313,515
3.75%, 11/24/23		418		423,442
Caterpillar Inc.
1.90%, 03/12/31 (Call 12/12/30)^(a)		345		297,628
2.60%, 09/19/29 (Call 06/19/29)^(a)		251		231,693
2.60%, 04/09/30 (Call 01/09/30)^(a)		206		189,363
3.25%, 09/19/49 (Call 03/19/49)		500		429,605
3.25%, 04/09/50 (Call 10/09/49)		604		517,900
3.40%, 05/15/24 (Call 02/15/24)		810		816,213
3.80%, 08/15/42^(a)		247		235,295
4.30%, 05/15/44 (Call 11/15/43)		404		406,048
4.75%, 05/15/64 (Call 11/15/63)		357		378,245
5.20%, 05/27/41		394		436,859
Deere & Co.
2.75%, 04/15/25 (Call 03/15/25)		327		321,412
2.88%, 09/07/49 (Call 03/07/49)		360		294,044
3.10%, 04/15/30 (Call 01/15/30)^(a)		483		460,062
3.75%, 04/15/50 (Call 10/15/49)^(a)		294		277,783
3.90%, 06/09/42 (Call 12/09/41)		31		29,979
5.38%, 10/16/29^(a)		291		317,990
John Deere Capital Corp.
0.40%, 10/10/23		365		353,273
0.45%, 01/17/24		500		479,935
0.45%, 06/07/24^(a)		405		383,268
0.63%, 09/10/24		130		123,078
0.70%, 01/15/26		515		468,202
1.05%, 06/17/26		590		536,623
1.25%, 01/10/25^(a)		310		294,627
1.30%, 10/13/26^(a)		260		237,260
1.45%, 01/15/31^(a)		375		311,768
1.50%, 03/06/28		480		426,854
1.70%, 01/11/27		375		345,281
1.75%, 03/09/27		300		275,805
2.00%, 06/17/31		435		376,762
2.05%, 01/09/25		275		267,209
2.45%, 01/09/30		450		410,189
2.60%, 03/07/24		346		344,038
2.65%, 06/24/24^(a)		495		491,104
2.65%, 06/10/26		395		383,051
2.80%, 09/08/27		298		286,301
2.80%, 07/18/29		420		394,720
3.35%, 06/12/24		380		382,212
3.35%, 04/18/29		500		486,870
3.45%, 03/13/25		72		72,536
3.45%, 03/07/29^(a)		196		192,960
3.65%, 10/12/23^(a)		360		364,658


Security	Par (000)		Value

Machinery (continued)
Rockwell Automation Inc., 4.20%, 03/01/49 (Call 09/01/48)^(a)	$	280	$	268,562


				19,761,765

Manufacturing — 0.6%
3M Co.
2.00%, 02/14/25 (Call 01/14/25)		326		315,213
2.25%, 09/19/26 (Call 06/19/26)^(a)		487		462,884
2.38%, 08/26/29 (Call 05/26/29)^(a)		468		424,059
2.65%, 04/15/25 (Call 03/15/25)		355		348,880
2.88%, 10/15/27 (Call 07/15/27)		445		429,469
3.00%, 08/07/25		456		450,957
3.05%, 04/15/30 (Call 01/15/30)^(a)		210		197,841
3.13%, 09/19/46 (Call 03/19/46)		292		238,395
3.25%, 02/14/24 (Call 01/14/24)^(a)		8		8,043
3.25%, 08/26/49 (Call 02/26/49)		495		416,988
3.38%, 03/01/29 (Call 12/01/28)		338		328,367
3.63%, 09/14/28 (Call 06/14/28)		374		370,795
3.63%, 10/15/47 (Call 04/15/47)		335		300,709
3.70%, 04/15/50 (Call 10/15/49)^(a)		305		277,638
4.00%, 09/14/48 (Call 03/14/48)		423		405,813
5.70%, 03/15/37		236		272,200
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)		50		48,350
3.50%, 03/01/24 (Call 12/01/23)^(a)		351		354,384
3.90%, 09/01/42 (Call 03/01/42)		620		581,771
4.88%, 09/15/41 (Call 03/15/41)		365		390,280


				6,623,036

Media — 3.9%
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)		540		438,993
1.95%, 01/15/31 (Call 10/15/30)		750		634,305
2.35%, 01/15/27 (Call 10/15/26)		849		797,016
2.45%, 08/15/52 (Call 02/15/52)^(a)		595		405,058
2.65%, 02/01/30 (Call 11/01/29)		905		818,898
2.65%, 08/15/62 (Call 02/15/62)		215		142,012
2.80%, 01/15/51 (Call 07/15/50)		766		562,734
2.89%, 11/01/51 (Call 05/01/51)^(c)		2,320		1,712,786
2.94%, 11/01/56 (Call 05/01/56)^(c)		2,793		2,006,044
2.99%, 11/01/63 (Call 05/01/63)^(c)		1,922		1,360,296
3.15%, 03/01/26 (Call 12/01/25)		1,069		1,050,442
3.15%, 02/15/28 (Call 11/15/27)		975		938,516
3.20%, 07/15/36 (Call 01/15/36)		663		577,214
3.25%, 11/01/39 (Call 05/01/39)		355		300,231
3.30%, 02/01/27 (Call 11/01/26)		707		693,461
3.30%, 04/01/27 (Call 02/01/27)		454		445,020
3.38%, 02/15/25 (Call 11/15/24)^(a)		470		470,371
3.38%, 08/15/25 (Call 05/15/25)		955		951,581
3.40%, 04/01/30 (Call 01/01/30)		909		866,377
3.40%, 07/15/46 (Call 01/15/46)		768		635,566
3.45%, 02/01/50 (Call 08/01/49)		848		698,760
3.55%, 05/01/28 (Call 02/01/28)		115		112,329
3.70%, 04/15/24 (Call 03/15/24)		464		468,765
3.75%, 04/01/40 (Call 10/01/39)		859		774,019
3.90%, 03/01/38 (Call 09/01/37)		566		524,212
3.95%, 10/15/25 (Call 08/15/25)		368		372,670
3.97%, 11/01/47 (Call 05/01/47)		852		767,984
4.00%, 08/15/47 (Call 02/15/47)^(a)		491		443,078
4.00%, 03/01/48 (Call 09/01/47)		579		525,240
4.00%, 11/01/49 (Call 05/01/49)		845		761,193


Security	Par (000)		Value

Media (continued)
4.05%, 11/01/52 (Call 05/01/52)	$	330	$	297,102
4.15%, 10/15/28 (Call 07/15/28)		1,618		1,629,763
4.20%, 08/15/34 (Call 02/15/34)		553		541,409
4.25%, 10/15/30 (Call 07/15/30)		804		805,576
4.25%, 01/15/33		995		993,229
4.40%, 08/15/35 (Call 02/25/35)		483		478,151
4.60%, 10/15/38 (Call 04/15/38)		561		562,212
4.60%, 08/15/45 (Call 02/15/45)		432		424,846
4.65%, 07/15/42		354		351,285
4.70%, 10/15/48 (Call 04/15/48)		828		830,575
4.95%, 10/15/58 (Call 04/15/58)^(a)		578		607,605
5.65%, 06/15/35		531		590,164
6.45%, 03/15/37		200		240,010
6.50%, 11/15/35		400		479,732
7.05%, 03/15/33		495		607,523
NBCUniversal Media LLC
4.45%, 01/15/43		356		341,899
5.95%, 04/01/41		145		167,030
TWDC Enterprises 18 Corp.
1.85%, 07/30/26		444		413,249
2.95%, 06/15/27^(a)		476		459,016
3.00%, 02/13/26		675		661,500
3.00%, 07/30/46^(a)		299		236,144
3.15%, 09/17/25		538		532,609
3.70%, 12/01/42		295		260,302
4.13%, 06/01/44		522		489,897
Series B, 7.00%, 03/01/32		315		381,909
Series E, 4.13%, 12/01/41		331		309,932
Walt Disney Co. (The)
1.75%, 08/30/24 (Call 07/30/24)		716		692,880
1.75%, 01/13/26^(a)		556		521,606
2.00%, 09/01/29 (Call 06/01/29)		908		794,464
2.20%, 01/13/28		480		441,053
2.65%, 01/13/31^(a)		1,080		963,490
2.75%, 09/01/49 (Call 03/01/49)		952		712,220
3.35%, 03/24/25^(a)		16		15,964
3.50%, 05/13/40 (Call 11/13/39)		888		781,751
3.60%, 01/13/51 (Call 07/13/50)^(a)		1,256		1,084,104
3.70%, 09/15/24 (Call 06/15/24)		204		206,140
3.70%, 10/15/25 (Call 07/15/25)		494		498,486
3.70%, 03/23/27		340		340,201
3.80%, 03/22/30		669		656,329
3.80%, 05/13/60 (Call 11/13/59)		537		464,306
4.63%, 03/23/40 (Call 09/23/39)		292		295,857
4.70%, 03/23/50 (Call 09/23/49)^(a)		821		839,678
4.75%, 09/15/44 (Call 03/15/44)		330		332,709
5.40%, 10/01/43		356		390,714
6.15%, 02/15/41^(a)		325		388,684
6.20%, 12/15/34		502		586,205
6.40%, 12/15/35		455		543,479
6.65%, 11/15/37		618		755,419


				47,253,579

Metal Fabricate & Hardware — 0.1%
Precision Castparts Corp.
3.25%, 06/15/25 (Call 03/15/25)^(a)		594		595,574
3.90%, 01/15/43 (Call 07/15/42)^(a)		340		312,263


				907,837


Security	Par (000)		Value

Mining — 0.4%
BHP Billiton Finance USA Ltd.
3.85%, 09/30/23	$	367	$	371,543
4.13%, 02/24/42		340		329,827
5.00%, 09/30/43		1,331		1,434,632
Rio Tinto Alcan Inc., 6.13%, 12/15/33		320		377,930
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51 (Call 05/02/51)		515		391,900
5.20%, 11/02/40^(a)		397		432,758
7.13%, 07/15/28		491		576,061
Rio Tinto Finance USA PLC
4.13%, 08/21/42 (Call 02/21/42)		371		358,575
4.75%, 03/22/42 (Call 09/22/41)		295		308,192


				4,581,418

Oil & Gas — 5.3%
BP Capital Markets America Inc.
1.75%, 08/10/30 (Call 05/10/30)^(a)		595		495,088
2.72%, 01/12/32 (Call 10/12/31)		980		861,195
2.75%, 05/10/23^(a)		561		561,645
2.77%, 11/10/50 (Call 05/10/50)		665		480,024
2.94%, 06/04/51 (Call 12/04/50)^(a)		707		524,021
3.00%, 02/24/50 (Call 08/24/49)		1,044		789,577
3.00%, 03/17/52 (Call 09/17/51)		575		432,319
3.02%, 01/16/27 (Call 10/16/26)		499		480,732
3.06%, 06/17/41 (Call 12/17/40)		265		215,572
3.12%, 05/04/26 (Call 02/04/26)		525		512,542
3.19%, 04/06/25 (Call 03/06/25)		281		278,367
3.38%, 02/08/61 (Call 08/08/60)		990		768,171
3.41%, 02/11/26 (Call 12/11/25)		510		504,104
3.54%, 04/06/27 (Call 02/06/27)^(a)		215		211,521
3.59%, 04/14/27 (Call 01/14/27)		331		326,247
3.63%, 04/06/30 (Call 01/06/30)		717		690,679
3.79%, 02/06/24 (Call 01/06/24)		611		616,267
3.80%, 09/21/25 (Call 07/21/25)		590		594,785
3.94%, 09/21/28 (Call 06/21/28)^(a)		615		609,496
4.23%, 11/06/28 (Call 08/06/28)		943		947,187
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)		929		899,523
3.51%, 03/17/25^(a)		530		530,037
3.54%, 11/04/24		590		591,670
3.72%, 11/28/28 (Call 08/28/28)		599		585,085
3.81%, 02/10/24		522		527,225
3.99%, 09/26/23		677		685,787
Chevron Corp.
1.14%, 05/11/23		204		201,309
1.55%, 05/11/25 (Call 04/11/25)		1,415		1,342,665
2.00%, 05/11/27 (Call 03/11/27)		520		481,837
2.24%, 05/11/30 (Call 02/11/30)		714		636,809
2.57%, 05/16/23 (Call 03/16/23)		305		306,257
2.90%, 03/03/24 (Call 01/03/24)		697		696,554
2.95%, 05/16/26 (Call 02/16/26)		1,246		1,219,261
3.08%, 05/11/50 (Call 11/11/49)		382		317,919
3.19%, 06/24/23 (Call 03/24/23)		1,067		1,077,072
3.33%, 11/17/25 (Call 08/17/25)		606		603,534
Chevron USA Inc.
0.43%, 08/11/23		15		14,608
0.69%, 08/12/25 (Call 07/12/25)^(a)		308		283,234
1.02%, 08/12/27 (Call 06/12/27)		343		300,320
2.34%, 08/12/50 (Call 02/12/50)		337		241,174
3.85%, 01/15/28 (Call 10/15/27)		620		625,698
3.90%, 11/15/24 (Call 08/15/24)		200		202,866


Security	Par (000)		Value

Oil & Gas (continued)
ConocoPhillips, 5.90%, 10/15/32	$	536	$	613,538
ConocoPhillips Co.
2.13%, 03/08/24 (Call 09/08/22)^(a)		215		211,659
2.40%, 03/07/25 (Call 03/07/23)		220		214,232
3.76%, 03/15/42 (Call 09/15/41)^(c)		699		644,988
3.80%, 03/15/52 (Call 09/15/51)		325		292,019
4.03%, 03/15/62 (Call 09/15/61)^(c)		1,440		1,281,672
4.30%, 11/15/44 (Call 05/15/44)^(a)		245		238,468
4.95%, 03/15/26 (Call 12/15/25)^(a)		458		482,750
EOG Resources Inc.
3.15%, 04/01/25 (Call 01/01/25)		350		346,832
3.90%, 04/01/35 (Call 10/01/34)		179		170,173
4.15%, 01/15/26 (Call 10/15/25)		633		646,059
4.38%, 04/15/30 (Call 01/15/30)		447		458,497
4.95%, 04/15/50 (Call 10/15/49)^(a)		320		347,584
Exxon Mobil Corp.
2.02%, 08/16/24 (Call 07/16/24)		417		408,518
2.28%, 08/16/26 (Call 06/16/26)		618		589,467
2.44%, 08/16/29 (Call 05/16/29)^(a)		899		822,756
2.61%, 10/15/30 (Call 07/15/30)^(a)		1,092		995,904
2.71%, 03/06/25 (Call 12/06/24)		1,043		1,027,386
2.99%, 03/19/25 (Call 02/19/25)^(a)		1,302		1,290,555
3.00%, 08/16/39 (Call 02/16/39)		417		351,239
3.04%, 03/01/26 (Call 12/01/25)		1,217		1,198,063
3.10%, 08/16/49 (Call 02/16/49)		760		613,586
3.18%, 03/15/24 (Call 12/15/23)		500		502,695
3.29%, 03/19/27 (Call 01/19/27)^(a)		244		241,328
3.45%, 04/15/51 (Call 10/15/50)^(a)		1,318		1,130,435
3.48%, 03/19/30 (Call 12/19/29)		1,026		996,821
3.57%, 03/06/45 (Call 09/06/44)		530		466,151
4.11%, 03/01/46 (Call 09/01/45)		789		752,375
4.23%, 03/19/40 (Call 09/19/39)^(a)		748		735,419
4.33%, 03/19/50 (Call 09/19/49)^(a)		1,389		1,366,582
Shell International Finance BV
0.38%, 09/15/23^(a)		33		32,002
2.00%, 11/07/24 (Call 10/07/24)^(a)		590		575,557
2.38%, 11/07/29 (Call 08/07/29)		917		824,218
2.50%, 09/12/26^(a)		364		347,649
2.75%, 04/06/30 (Call 01/06/30)		937		861,037
2.88%, 05/10/26		1,013		987,584
2.88%, 11/26/41 (Call 05/26/41)		305		248,877
3.00%, 11/26/51 (Call 05/26/51)		525		411,196
3.13%, 11/07/49 (Call 05/07/49)		602		484,261
3.25%, 05/11/25		776		773,129
3.25%, 04/06/50 (Call 10/06/49)		793		656,517
3.50%, 11/13/23 (Call 10/13/23)		528		532,958
3.63%, 08/21/42		348		307,677
3.75%, 09/12/46		618		556,490
3.88%, 11/13/28 (Call 08/23/28)		654		653,719
4.00%, 05/10/46		1,056		977,898
4.13%, 05/11/35		763		754,676
4.38%, 05/11/45		1,302		1,267,471
4.55%, 08/12/43		643		642,781
5.50%, 03/25/40		485		544,864
6.38%, 12/15/38		1,342		1,641,870
TotalEnergies Capital Canada Ltd., 2.75%, 07/15/23		567		565,469
TotalEnergies Capital International SA
2.43%, 01/10/25 (Call 10/10/24)		650		633,600
2.83%, 01/10/30 (Call 10/10/29)		786		726,233
2.99%, 06/29/41 (Call 12/29/40)		472		387,734


Security	Par (000)		Value

Oil & Gas (continued)
3.13%, 05/29/50 (Call 11/29/49)^(a)	$	1,196	$	948,751
3.39%, 06/29/60 (Call 12/29/59)		173		138,442
3.45%, 02/19/29 (Call 11/19/28)^(a)		800		775,016
3.46%, 07/12/49 (Call 01/12/49)		566		477,229
3.70%, 01/15/24		701		707,512
3.75%, 04/10/24^(a)		699		705,955
TotalEnergies Capital SA, 3.88%, 10/11/28		485		483,608


				63,339,714

Oil & Gas Services — 0.4%
Baker Hughes Holdings LLC, 5.13%, 09/15/40		164		168,362
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
1.23%, 12/15/23		830		805,258
2.06%, 12/15/26 (Call 11/15/26)^(a)		695		644,244
3.14%, 11/07/29 (Call 08/07/29)		393		363,431
3.34%, 12/15/27 (Call 09/15/27)		232		222,063
4.08%, 12/15/47 (Call 06/15/47)		783		695,891
4.49%, 05/01/30 (Call 02/01/30)^(a)		398		401,992
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25 (Call 08/17/25)		335		313,895
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)^(a)		255		227,896
3.65%, 12/01/23 (Call 09/01/23)		1,328		1,337,748


				5,180,780

Pharmaceuticals — 6.0%
Astrazeneca Finance LLC
0.70%, 05/28/24 (Call 05/28/22)		950		904,590
1.20%, 05/28/26 (Call 04/28/26)		800		727,096
1.75%, 05/28/28 (Call 03/28/28)		710		633,824
2.25%, 05/28/31 (Call 02/28/31)		320		279,894
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)		280		250,379
1.38%, 08/06/30 (Call 05/06/30)		600		493,248
2.13%, 08/06/50 (Call 02/06/50)		50		34,208
3.00%, 05/28/51 (Call 11/28/50)^(a)		50		41,012
3.13%, 06/12/27 (Call 03/12/27)^(a)		135		131,872
3.38%, 11/16/25		220		219,261
3.50%, 08/17/23 (Call 07/17/23)		35		35,295
4.00%, 01/17/29 (Call 10/17/28)		590		593,316
4.00%, 09/18/42		1,190		1,144,149
4.38%, 11/16/45		1,100		1,102,002
4.38%, 08/17/48 (Call 02/17/48)^(a)		930		941,532
6.45%, 09/15/37		85		105,192
Bristol-Myers Squibb Co.
0.54%, 11/13/23 (Call 05/31/22)^(a)		363		351,899
0.75%, 11/13/25 (Call 10/13/25)		936		853,791
1.13%, 11/13/27 (Call 09/13/27)^(a)		520		455,744
1.45%, 11/13/30 (Call 08/13/30)		825		676,022
2.35%, 11/13/40 (Call 05/13/40)		526		398,129
2.55%, 11/13/50 (Call 05/13/50)		788		569,992
2.90%, 07/26/24 (Call 06/26/24)		1,360		1,352,506
2.95%, 03/15/32 (Call 12/15/31)^(a)		800		734,760
3.20%, 06/15/26 (Call 04/15/26)		483		478,040
3.25%, 11/01/23		379		381,524
3.25%, 08/01/42		430		364,382
3.40%, 07/26/29 (Call 04/26/29)		593		575,441
3.55%, 03/15/42 (Call 09/15/41)		545		486,718
3.70%, 03/15/52 (Call 09/15/51)		940		834,118
3.90%, 02/20/28 (Call 11/20/27)		1,195		1,203,843
3.90%, 03/15/62 (Call 09/15/61)		570		499,850


Security	Par (000)		Value

Pharmaceuticals (continued)
4.13%, 06/15/39 (Call 12/15/38)	$	1,125	$	1,095,131
4.25%, 10/26/49 (Call 04/26/49)		1,522		1,461,516
4.35%, 11/15/47 (Call 05/15/47)		760		742,140
4.55%, 02/20/48 (Call 08/20/47)^(a)		429		432,222
4.63%, 05/15/44 (Call 11/15/43)		300		306,585
Eli Lilly & Co.
2.25%, 05/15/50 (Call 11/15/49)^(a)		589		421,447
2.50%, 09/15/60 (Call 03/15/60)		195		135,665
2.75%, 06/01/25 (Call 03/01/25)		569		560,437
3.38%, 03/15/29 (Call 12/15/28)^(a)		841		825,164
3.95%, 03/15/49 (Call 09/15/48)		740		727,205
4.15%, 03/15/59 (Call 09/15/58)		40		39,640
GlaxoSmithKline Capital Inc.
3.38%, 05/15/23		643		648,015
3.63%, 05/15/25		377		380,114
3.88%, 05/15/28		645		649,263
4.20%, 03/18/43		304		298,112
5.38%, 04/15/34		416		468,869
6.38%, 05/15/38		1,279		1,572,224
GlaxoSmithKline Capital PLC
0.53%, 10/01/23 (Call 10/01/22)^(a)		570		552,199
3.00%, 06/01/24 (Call 05/01/24)		737		734,782
3.38%, 06/01/29 (Call 03/01/29)		485		473,612
Johnson & Johnson
0.55%, 09/01/25 (Call 08/01/25)		30		27,614
0.95%, 09/01/27 (Call 07/01/27)		240		212,196
2.10%, 09/01/40 (Call 03/01/40)		620		467,499
2.25%, 09/01/50 (Call 03/01/50)		400		284,956
2.45%, 03/01/26 (Call 12/01/25)		515		501,198
2.45%, 09/01/60 (Call 03/01/60)		610		425,634
2.63%, 01/15/25 (Call 11/15/24)^(a)		125		123,969
2.90%, 01/15/28 (Call 10/15/27)		857		832,516
2.95%, 03/03/27 (Call 12/03/26)		728		721,710
3.40%, 01/15/38 (Call 07/15/37)		627		581,035
3.50%, 01/15/48 (Call 07/15/47)		334		304,882
3.55%, 03/01/36 (Call 09/01/35)		545		523,369
3.63%, 03/03/37 (Call 09/03/36)		738		711,698
3.70%, 03/01/46 (Call 09/01/45)		778		736,758
3.75%, 03/03/47 (Call 09/03/46)		458		436,080
4.38%, 12/05/33 (Call 06/05/33)		412		434,479
4.50%, 09/01/40		287		298,064
4.50%, 12/05/43 (Call 06/05/43)		305		316,941
4.95%, 05/15/33		403		448,732
5.85%, 07/15/38		371		446,810
5.95%, 08/15/37		576		702,397
Mead Johnson Nutrition Co.
4.13%, 11/15/25 (Call 08/15/25)		854		867,160
4.60%, 06/01/44 (Call 12/01/43)		165		168,752
Merck & Co. Inc.
0.75%, 02/24/26 (Call 01/24/26)^(a)		110		100,118
1.45%, 06/24/30 (Call 03/24/30)		40		33,417
1.70%, 06/10/27 (Call 05/10/27)		425		388,998
1.90%, 12/10/28 (Call 10/10/28)		320		288,726
2.15%, 12/10/31 (Call 09/10/31)		720		626,638
2.35%, 06/24/40 (Call 12/24/39)		551		426,187
2.45%, 06/24/50 (Call 12/24/49)		700		509,306
2.75%, 02/10/25 (Call 11/10/24)		1,293		1,279,941
2.75%, 12/10/51 (Call 06/10/51)		975		743,720
2.80%, 05/18/23		67		67,292
2.90%, 03/07/24 (Call 02/07/24)		698		697,239


Security	Par (000)		Value

Pharmaceuticals (continued)
2.90%, 12/10/61 (Call 06/10/61)	$	730	$	533,309
3.40%, 03/07/29 (Call 12/07/28)		1,128		1,105,530
3.60%, 09/15/42 (Call 03/15/42)		374		338,092
3.70%, 02/10/45 (Call 08/10/44)		855		780,102
3.90%, 03/07/39 (Call 09/07/38)		490		474,947
4.00%, 03/07/49 (Call 09/07/48)		711		683,541
4.15%, 05/18/43		613		600,899
6.50%, 12/01/33		383		473,005
Novartis Capital Corp.
1.75%, 02/14/25 (Call 01/14/25)^(a)		172		165,830
2.00%, 02/14/27 (Call 12/14/26)		718		674,511
2.20%, 08/14/30 (Call 05/14/30)		930		827,170
2.75%, 08/14/50 (Call 02/14/50)^(a)		701		551,911
3.00%, 11/20/25 (Call 08/20/25)		85		84,305
3.10%, 05/17/27 (Call 02/17/27)		410		401,263
3.40%, 05/06/24		1,070		1,078,228
3.70%, 09/21/42		293		273,893
4.00%, 11/20/45 (Call 05/20/45)		670		645,853
4.40%, 05/06/44		840		858,766
Pfizer Inc.
0.80%, 05/28/25 (Call 04/28/25)		441		410,862
1.70%, 05/28/30 (Call 02/28/30)		655		560,588
1.75%, 08/18/31 (Call 05/18/31)^(a)		500		421,040
2.55%, 05/28/40 (Call 11/28/39)^(a)		434		348,103
2.63%, 04/01/30 (Call 01/01/30)^(a)		565		519,077
2.70%, 05/28/50 (Call 11/28/49)		763		596,506
2.75%, 06/03/26^(a)		621		605,369
2.95%, 03/15/24 (Call 02/15/24)^(a)		508		507,802
3.00%, 06/15/23		103		103,450
3.00%, 12/15/26		452		444,090
3.20%, 09/15/23 (Call 08/15/23)		115		115,943
3.40%, 05/15/24		608		613,557
3.45%, 03/15/29 (Call 12/15/28)		596		584,086
3.60%, 09/15/28 (Call 06/15/28)		385		385,293
3.90%, 03/15/39 (Call 09/15/38)		353		341,655
4.00%, 12/15/36		380		372,552
4.00%, 03/15/49 (Call 09/15/48)		499		482,199
4.10%, 09/15/38 (Call 03/15/38)		357		352,873
4.13%, 12/15/46		719		711,623
4.20%, 09/15/48 (Call 03/15/48)		515		513,805
4.30%, 06/15/43		414		412,249
4.40%, 05/15/44		574		579,700
7.20%, 03/15/39		1,232		1,659,073
Pharmacia LLC, 6.60%, 12/01/28		339		391,091
Sanofi
3.38%, 06/19/23 (Call 05/19/23)^(a)		765		770,890
3.63%, 06/19/28 (Call 03/19/28)		548		554,039
Wyeth LLC
5.95%, 04/01/37		826		963,744
6.00%, 02/15/36		276		326,138
6.45%, 02/01/24		242		255,864
6.50%, 02/01/34^(a)		397		484,471


				72,052,889

Pipelines — 0.1%
Columbia Pipeline Group Inc.
4.50%, 06/01/25 (Call 03/01/25)		451		459,925
5.80%, 06/01/45 (Call 12/01/44)^(a)		215		232,589


				692,514


Security	Par (000)		Value

Real Estate — 0.0%
Brookfield Asset Management Inc., 4.00%, 01/15/25 (Call 10/15/24)	$	5	$	5,041


Real Estate Investment Trusts — 1.5%
AvalonBay Communities Inc.
1.90%, 12/01/28 (Call 10/01/28)^(a)		280		247,372
2.05%, 01/15/32 (Call 10/15/31)^(a)		125		106,528
2.30%, 03/01/30 (Call 12/01/29)		305		268,220
2.45%, 01/15/31 (Call 10/15/30)		401		355,775
3.45%, 06/01/25 (Call 03/03/25)		485		480,693
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		547		496,326
3.15%, 07/01/29 (Call 04/01/29)		255		240,450
ERP Operating LP
1.85%, 08/01/31 (Call 05/01/31)		490		412,908
2.50%, 02/15/30 (Call 11/15/29)		455		407,480
2.85%, 11/01/26 (Call 08/01/26)		35		33,661
3.00%, 07/01/29 (Call 04/01/29)		441		412,745
3.50%, 03/01/28 (Call 12/01/27)^(a)		371		359,729
4.50%, 07/01/44 (Call 01/01/44)		222		220,177
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		530		429,517
2.13%, 04/15/27 (Call 02/15/27)		240		222,463
2.13%, 10/15/50 (Call 04/15/50)		282		186,148
2.25%, 04/15/30 (Call 01/15/30)^(a)		503		442,937
3.00%, 04/15/50 (Call 10/15/49)		365		292,442
Public Storage
0.88%, 02/15/26 (Call 01/15/26)		395		358,048
1.50%, 11/09/26 (Call 10/09/26)^(a)		455		416,220
1.85%, 05/01/28 (Call 03/01/28)		198		176,594
1.95%, 11/09/28 (Call 09/09/28)		220		195,072
2.25%, 11/09/31 (Call 08/09/31)		160		138,051
2.30%, 05/01/31 (Call 02/01/31)		84		73,197
3.09%, 09/15/27 (Call 06/15/27)		437		423,226
3.39%, 05/01/29 (Call 02/01/29)		399		383,551
Realty Income Corp.
2.85%, 12/15/32 (Call 09/15/32)		110		97,826
3.00%, 01/15/27 (Call 10/15/26)		428		410,940
3.10%, 12/15/29 (Call 09/15/29)		321		298,161
3.25%, 06/15/29 (Call 03/15/29)		25		23,831
3.25%, 01/15/31 (Call 10/15/30)		328		306,162
3.65%, 01/15/28 (Call 10/15/27)^(a)		705		690,103
3.88%, 04/15/25 (Call 02/15/25)		360		361,616
3.95%, 08/15/27 (Call 05/15/27)		25		24,859
4.13%, 10/15/26 (Call 07/15/26)		85		85,812
4.65%, 03/15/47 (Call 09/15/46)		436		444,271
Simon Property Group LP
1.38%, 01/15/27 (Call 10/15/26)^(a)		527		470,927
1.75%, 02/01/28 (Call 11/01/27)		55		48,263
2.00%, 09/13/24 (Call 06/13/24)		419		407,004
2.20%, 02/01/31 (Call 11/01/30)		182		154,103
2.25%, 01/15/32 (Call 10/15/31)		550		455,857
2.45%, 09/13/29 (Call 06/13/29)		585		516,151
2.65%, 07/15/30 (Call 04/15/30)		282		248,132
2.65%, 02/01/32 (Call 11/01/31)		510		439,615
2.75%, 06/01/23 (Call 03/01/23)		687		686,299
3.25%, 11/30/26 (Call 08/30/26)		29		28,152
3.25%, 09/13/49 (Call 03/13/49)		650		512,077
3.30%, 01/15/26 (Call 10/15/25)		545		536,509
3.38%, 10/01/24 (Call 07/01/24)		687		685,873


Security	Par (000)		Value

Real Estate Investment Trusts (continued)
3.38%, 06/15/27 (Call 03/15/27)	$	565	$	549,479
3.38%, 12/01/27 (Call 09/01/27)^(a)		255		245,356
3.50%, 09/01/25 (Call 06/01/25)		720		714,708
3.75%, 02/01/24 (Call 11/01/23)		415		418,552
3.80%, 07/15/50 (Call 01/15/50)		243		211,549
4.25%, 11/30/46 (Call 05/30/46)		265		247,809
4.75%, 03/15/42 (Call 09/15/41)		86		84,879
6.75%, 02/01/40 (Call 11/01/39)		351		426,981


				18,611,386

Retail — 2.7%
Costco Wholesale Corp.
1.38%, 06/20/27 (Call 04/20/27)		325		293,290
1.60%, 04/20/30 (Call 01/20/30)^(a)		997		847,779
1.75%, 04/20/32 (Call 01/20/32)		665		551,724
2.75%, 05/18/24 (Call 03/18/24)		694		692,612
3.00%, 05/18/27 (Call 02/18/27)^(a)		563		553,406
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)		130		111,112
1.38%, 03/15/31 (Call 12/15/30)		670		542,586
1.50%, 09/15/28 (Call 07/15/28)^(a)		102		89,606
1.88%, 09/15/31 (Call 06/15/31)		12		10,058
2.13%, 09/15/26 (Call 06/15/26)		973		923,649
2.38%, 03/15/51 (Call 09/15/50)		500		346,565
2.50%, 04/15/27 (Call 02/15/27)		628		598,170
2.70%, 04/15/25 (Call 03/15/25)		70		69,129
2.70%, 04/15/30 (Call 01/15/30)		747		682,967
2.75%, 09/15/51 (Call 03/15/51)		402		301,026
2.80%, 09/14/27 (Call 06/14/27)^(a)		635		610,400
2.88%, 04/15/27 (Call 03/15/27)		220		213,147
2.95%, 06/15/29 (Call 03/15/29)^(a)		577		541,122
3.00%, 04/01/26 (Call 01/01/26)		442		435,432
3.13%, 12/15/49 (Call 06/15/49)		562		452,697
3.25%, 04/15/32 (Call 01/15/32)		1,000		935,830
3.30%, 04/15/40 (Call 10/15/39)		632		551,148
3.35%, 09/15/25 (Call 06/15/25)		566		566,900
3.35%, 04/15/50 (Call 10/15/49)^(a)		873		733,756
3.50%, 09/15/56 (Call 03/15/56)		458		383,928
3.63%, 04/15/52 (Call 10/15/51)		520		455,905
3.75%, 02/15/24 (Call 11/15/23)		513		520,218
3.90%, 12/06/28 (Call 09/06/28)		638		639,627
3.90%, 06/15/47 (Call 12/15/46)		555		511,050
4.20%, 04/01/43 (Call 10/01/42)^(a)		521		501,864
4.25%, 04/01/46 (Call 10/01/45)		667		647,604
4.40%, 03/15/45 (Call 09/15/44)		542		534,688
4.50%, 12/06/48 (Call 06/06/48)		657		661,284
4.88%, 02/15/44 (Call 08/15/43)		572		601,607
5.40%, 09/15/40 (Call 03/15/40)		290		320,778
5.88%, 12/16/36		1,449		1,708,516
5.95%, 04/01/41 (Call 10/01/40)		480		564,077
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)		245		229,798
2.25%, 04/15/25 (Call 03/15/25)		361		350,856
2.35%, 02/15/30 (Call 11/15/29)		245		221,071
2.50%, 04/15/26		887		860,381
2.95%, 01/15/52 (Call 07/15/51)		465		369,759
3.38%, 04/15/29 (Call 01/15/29)^(a)		502		491,533
3.50%, 07/01/24		688		695,368
3.63%, 04/15/46		336		308,371
3.90%, 11/15/47 (Call 05/15/47)		336		319,912
4.00%, 07/01/42		590		570,860


Security	Par (000)		Value

Retail (continued)
7.00%, 01/15/38	$	200	$	260,430
TJX Companies Inc. (The)
1.15%, 05/15/28 (Call 03/15/28)		122		104,545
1.60%, 05/15/31 (Call 02/15/31)		325		267,218
2.25%, 09/15/26 (Call 06/15/26)^(a)		660		625,198
2.50%, 05/15/23 (Call 02/15/23)		558		557,816
Walmart Inc.
2.65%, 12/15/24 (Call 10/15/24)		45		44,664
2.85%, 07/08/24 (Call 06/08/24)		155		154,833
2.95%, 09/24/49 (Call 03/24/49)		310		258,528
3.05%, 07/08/26 (Call 05/08/26)		5		4,971
3.25%, 07/08/29 (Call 04/08/29)^(a)		595		582,529
3.30%, 04/22/24 (Call 01/22/24)		1,221		1,231,635
3.55%, 06/26/25 (Call 04/26/25)		345		349,164
3.70%, 06/26/28 (Call 03/26/28)^(a)		1,165		1,168,914
3.95%, 06/28/38 (Call 12/28/37)		85		84,707
4.05%, 06/29/48 (Call 12/29/47)		1,366		1,375,207
5.25%, 09/01/35		335		380,222
5.63%, 04/01/40		270		320,476
5.63%, 04/15/41^(a)		140		166,111
6.20%, 04/15/38		60		74,960
6.50%, 08/15/37^(a)		350		450,880


				32,586,174

Semiconductors — 3.2%
Analog Devices Inc.
2.10%, 10/01/31 (Call 07/01/31)^(a)		25		21,512
2.80%, 10/01/41 (Call 04/01/41)		625		503,238
2.95%, 10/01/51 (Call 04/01/51)		650		510,243
3.50%, 12/05/26 (Call 09/05/26)^(a)		625		623,781
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		395		338,282
2.75%, 06/01/50 (Call 12/01/49)		367		283,959
3.30%, 04/01/27 (Call 01/01/27)		510		503,105
3.90%, 10/01/25 (Call 07/01/25)		167		169,552
4.35%, 04/01/47 (Call 10/01/46)		449		451,465
5.10%, 10/01/35 (Call 04/01/35)		327		354,442
5.85%, 06/15/41		330		389,888
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		55		48,404
2.00%, 08/12/31 (Call 05/12/31)		230		195,535
2.45%, 11/15/29 (Call 08/15/29)		993		897,742
2.60%, 05/19/26 (Call 02/19/26)		683		662,653
2.80%, 08/12/41 (Call 02/12/41)		160		125,974
2.88%, 05/11/24 (Call 03/11/24)		629		628,717
3.05%, 08/12/51 (Call 02/12/51)^(a)		585		454,095
3.10%, 02/15/60 (Call 08/15/59)		154		114,233
3.15%, 05/11/27 (Call 02/11/27)^(a)		675		663,437
3.20%, 08/12/61 (Call 02/12/61)^(a)		270		203,820
3.25%, 11/15/49 (Call 05/15/49)		1,057		856,381
3.40%, 03/25/25 (Call 02/25/25)		1,525		1,527,745
3.70%, 07/29/25 (Call 04/29/25)		1,170		1,180,670
3.73%, 12/08/47 (Call 06/08/47)		1,089		960,041
3.75%, 03/25/27 (Call 01/25/27)^(a)		450		452,565
3.90%, 03/25/30 (Call 12/25/29)		753		749,483
4.00%, 12/15/32^(a)		419		416,675
4.10%, 05/19/46 (Call 11/19/45)		760		718,238
4.10%, 05/11/47 (Call 11/11/46)		545		510,142
4.25%, 12/15/42		330		320,110
4.60%, 03/25/40 (Call 09/25/39)^(a)		486		495,307
4.75%, 03/25/50 (Call 09/25/49)		955		990,660


Security	Par (000)		Value

Semiconductors (continued)
4.80%, 10/01/41^(a)	$	390	$	403,681
4.90%, 07/29/45 (Call 01/29/45)		267		279,255
4.95%, 03/25/60 (Call 09/25/59)^(a)		582		616,163
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		340		281,163
4.65%, 11/01/24 (Call 08/01/24)		730		747,732
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		570		487,259
2.88%, 06/15/50 (Call 12/15/49)		11		8,512
3.13%, 06/15/60 (Call 12/15/59)		397		308,386
3.75%, 03/15/26 (Call 01/15/26)		670		672,559
3.80%, 03/15/25 (Call 12/15/24)		185		186,667
4.00%, 03/15/29 (Call 12/15/28)		615		612,620
4.88%, 03/15/49 (Call 09/15/48)		387		414,311
NVIDIA Corp.
0.58%, 06/14/24 (Call 06/14/22)		100		95,083
1.55%, 06/15/28 (Call 04/15/28)		50		43,999
2.00%, 06/15/31 (Call 03/15/31)^(a)		80		68,606
2.85%, 04/01/30 (Call 01/01/30)^(a)		1,081		1,004,833
3.20%, 09/16/26 (Call 06/16/26)		579		576,423
3.50%, 04/01/40 (Call 10/01/39)		687		622,010
3.50%, 04/01/50 (Call 10/01/49)^(a)		1,097		967,894
3.70%, 04/01/60 (Call 10/01/59)		205		179,063
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)		1,137		986,529
1.65%, 05/20/32 (Call 02/20/32)		805		651,929
2.15%, 05/20/30 (Call 02/20/30)		526		461,733
2.90%, 05/20/24 (Call 03/20/24)		141		140,615
3.25%, 05/20/27 (Call 02/20/27)		600		587,664
3.25%, 05/20/50 (Call 11/20/49)^(a)		408		346,323
3.45%, 05/20/25 (Call 02/20/25)		222		222,366
4.30%, 05/20/47 (Call 11/20/46)^(a)		664		656,072
4.65%, 05/20/35 (Call 11/20/34)		301		312,793
4.80%, 05/20/45 (Call 11/20/44)		807		841,015
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		250		228,273
1.38%, 03/12/25 (Call 02/12/25)		835		793,409
1.75%, 05/04/30 (Call 02/04/30)		424		364,640
1.90%, 09/15/31 (Call 06/15/31)		180		153,810
2.25%, 05/01/23 (Call 02/01/23)		400		399,164
2.25%, 09/04/29 (Call 06/04/29)		640		579,603
2.70%, 09/15/51 (Call 03/15/51)^(a)		130		102,409
2.90%, 11/03/27 (Call 08/03/27)		251		244,183
3.88%, 03/15/39 (Call 09/15/38)		302		293,514
4.15%, 05/15/48 (Call 11/15/47)		826		817,484
TSMC Arizona Corp.
1.75%, 10/25/26 (Call 09/25/26)^(a)		620		569,104
2.50%, 10/25/31 (Call 07/25/31)^(a)		315		273,578
3.13%, 10/25/41 (Call 04/25/41)^(a)		530		447,214
3.25%, 10/25/51 (Call 04/25/51)^(a)		440		366,555
4.25%, 04/22/32		300		298,419
4.50%, 04/22/52 (Call 10/22/51)		300		299,886
Xilinx Inc.
2.38%, 06/01/30 (Call 03/01/30)		703		620,116
2.95%, 06/01/24 (Call 04/01/24)		504		500,618


				38,457,331

Software — 2.2%
Adobe Inc.
1.90%, 02/01/25 (Call 01/01/25)		543		524,940
2.15%, 02/01/27 (Call 12/01/26)		809		762,507


Security	Par (000)		Value

Software (continued)
2.30%, 02/01/30 (Call 11/01/29)	$	550	$	492,646
3.25%, 02/01/25 (Call 11/01/24)		700		701,967
Intuit Inc.
0.65%, 07/15/23		149		145,393
0.95%, 07/15/25 (Call 06/15/25)		33		30,593
1.35%, 07/15/27 (Call 05/15/27)		445		395,943
1.65%, 07/15/30 (Call 04/15/30)		542		452,586
Microsoft Corp.
2.00%, 08/08/23 (Call 06/08/23)		864		861,132
2.38%, 05/01/23 (Call 02/01/23)		720		720,504
2.40%, 08/08/26 (Call 05/08/26)		561		542,728
2.53%, 06/01/50 (Call 12/01/49)		3,007		2,268,782
2.68%, 06/01/60 (Call 12/01/59)		1,788		1,312,392
2.70%, 02/12/25 (Call 11/12/24)		788		781,270
2.88%, 02/06/24 (Call 12/06/23)		1,192		1,194,908
2.92%, 03/17/52 (Call 09/17/51)		4,634		3,773,374
3.04%, 03/17/62 (Call 09/17/61)		1,329		1,061,499
3.13%, 11/03/25 (Call 08/03/25)		752		754,045
3.30%, 02/06/27 (Call 11/06/26)		1,445		1,452,528
3.45%, 08/08/36 (Call 02/08/36)		750		717,053
3.50%, 02/12/35 (Call 08/12/34)		1,053		1,018,493
3.63%, 12/15/23 (Call 09/15/23)^(a)		1,164		1,179,924
3.70%, 08/08/46 (Call 02/08/46)		211		199,878
4.10%, 02/06/37 (Call 08/06/36)		200		205,490
4.20%, 11/03/35 (Call 05/03/35)^(a)		310		321,904
4.25%, 02/06/47 (Call 08/06/46)^(a)		210		217,459
4.45%, 11/03/45 (Call 05/03/45)		200		210,340
4.50%, 02/06/57 (Call 08/06/56)		200		214,668
5.30%, 02/08/41		60		69,446
salesforce.com Inc.
0.63%, 07/15/24 (Call 07/15/22)		485		459,756
1.50%, 07/15/28 (Call 05/15/28)^(a)		1,015		896,529
1.95%, 07/15/31 (Call 04/15/31)^(a)		660		566,933
2.70%, 07/15/41 (Call 01/15/41)^(a)		415		329,323
2.90%, 07/15/51 (Call 01/15/51)^(a)		1,105		860,762
3.05%, 07/15/61 (Call 01/15/61)^(a)		460		350,759
3.70%, 04/11/28 (Call 01/11/28)^(a)		938		935,571


				26,984,025

Telecommunications — 0.7%
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)		550		494,104
3.63%, 04/22/29 (Call 01/22/29)		490		468,587
4.38%, 07/16/42		469		443,247
4.38%, 04/22/49 (Call 10/22/48)^(a)		580		556,098
6.13%, 03/30/40		942		1,076,179
6.38%, 03/01/35		202		234,829
Cisco Systems Inc.
2.20%, 09/20/23 (Call 07/20/23)^(a)		774		769,147
2.50%, 09/20/26 (Call 06/20/26)		673		650,603
2.95%, 02/28/26		682		674,027
3.50%, 06/15/25		543		547,447
3.63%, 03/04/24		826		837,324
5.50%, 01/15/40		1,011		1,160,921
5.90%, 02/15/39		573		682,879


				8,595,392

Transportation — 2.4%
Burlington Northern Santa Fe LLC
2.88%, 06/15/52 (Call 12/15/51)^(a)		90		69,097
3.00%, 04/01/25 (Call 01/01/25)		50		49,517


Security	Par (000)		Value

Transportation (continued)
3.05%, 02/15/51 (Call 08/15/50)	$	400	$	319,308
3.25%, 06/15/27 (Call 03/15/27)		424		417,716
3.30%, 09/15/51 (Call 03/15/51)		406		337,516
3.40%, 09/01/24 (Call 06/01/24)		382		383,524
3.55%, 02/15/50 (Call 08/15/49)		111		97,007
3.75%, 04/01/24 (Call 01/01/24)		360		364,597
3.85%, 09/01/23 (Call 06/01/23)		524		529,754
3.90%, 08/01/46 (Call 02/01/46)		508		469,646
4.05%, 06/15/48 (Call 12/15/47)		313		296,558
4.13%, 06/15/47 (Call 12/15/46)		330		315,011
4.15%, 04/01/45 (Call 10/01/44)		497		471,002
4.15%, 12/15/48 (Call 06/15/48)		400		383,412
4.38%, 09/01/42 (Call 03/01/42)		147		143,266
4.40%, 03/15/42 (Call 09/15/41)		242		239,026
4.45%, 03/15/43 (Call 09/15/42)		412		404,881
4.55%, 09/01/44 (Call 03/01/44)		390		389,345
4.70%, 09/01/45 (Call 03/01/45)		388		394,212
4.90%, 04/01/44 (Call 10/01/43)^(a)		544		565,950
5.05%, 03/01/41 (Call 09/01/40)		312		330,698
5.15%, 09/01/43 (Call 03/01/43)		374		401,396
5.40%, 06/01/41 (Call 12/01/40)		290		319,783
5.75%, 05/01/40 (Call 11/01/39)		356		404,526
6.15%, 05/01/37		345		408,207
Canadian National Railway Co.
2.45%, 05/01/50 (Call 11/01/49)^(a)		220		157,232
2.75%, 03/01/26 (Call 12/01/25)		426		413,118
3.20%, 08/02/46 (Call 02/02/46)^(a)		441		368,231
3.65%, 02/03/48 (Call 08/03/47)		376		335,061
4.45%, 01/20/49 (Call 07/20/48)		401		404,232
FedEx Corp., Series 2020-1, Class AA, 1.88%, 08/20/35		409		359,482
Union Pacific Corp.
2.15%, 02/05/27 (Call 12/05/26)^(a)		10		9,357
2.38%, 05/20/31 (Call 02/20/31)		530		465,048
2.40%, 02/05/30 (Call 11/05/29)		175		156,653
2.75%, 03/01/26 (Call 12/01/25)		5		4,842
2.80%, 02/14/32 (Call 11/14/31)		105		94,334
2.89%, 04/06/36 (Call 01/06/36)^(a)		220		187,337
2.95%, 03/10/52 (Call 09/10/51)		595		456,306
2.97%, 09/16/62 (Call 03/16/62)		700		505,680
3.00%, 04/15/27 (Call 01/15/27)		20		19,348
3.15%, 03/01/24 (Call 02/01/24)		275		274,852
3.20%, 05/20/41 (Call 11/20/40)		640		542,406
3.25%, 08/15/25 (Call 05/15/25)		10		9,945
3.25%, 02/05/50 (Call 08/05/49)		735		597,805
3.38%, 02/14/42 (Call 08/14/41)		190		164,297
3.50%, 06/08/23 (Call 05/08/23)		17		17,131
3.50%, 02/14/53 (Call 08/14/52)		485		411,338
3.55%, 08/15/39 (Call 02/15/39)^(a)		140		125,905
3.55%, 05/20/61 (Call 11/20/60)		855		705,298
3.60%, 09/15/37 (Call 03/15/37)		280		257,746
3.70%, 03/01/29 (Call 12/01/28)		565		556,226
3.75%, 07/15/25 (Call 05/15/25)		185		186,852
3.75%, 02/05/70 (Call 08/05/69)		30		25,106
3.80%, 10/01/51 (Call 04/01/51)		500		447,350
3.80%, 04/06/71 (Call 10/06/70)^(a)		350		295,309
3.84%, 03/20/60 (Call 09/20/59)		815		712,962
3.85%, 02/14/72 (Call 08/14/71)		185		157,868
3.95%, 09/10/28 (Call 06/10/28)^(a)		325		325,592
3.95%, 08/15/59 (Call 02/15/59)		265		235,039
4.00%, 04/15/47 (Call 10/15/46)		300		277,824


Security	Par (000)		Value

Transportation (continued)
4.05%, 03/01/46 (Call 09/01/45)	$	465	$	433,533
4.10%, 09/15/67 (Call 03/15/67)		300		267,900
4.30%, 03/01/49 (Call 09/01/48)		200		195,210
United Parcel Service Inc.
2.40%, 11/15/26 (Call 08/15/26)^(a)		469		447,337
2.80%, 11/15/24 (Call 09/15/24)		78		77,463
3.05%, 11/15/27 (Call 08/15/27)		683		664,142
3.40%, 03/15/29 (Call 12/15/28)^(a)		488		476,088
3.40%, 11/15/46 (Call 05/15/46)^(a)		390		336,944
3.40%, 09/01/49 (Call 03/01/49)^(a)		468		408,737
3.75%, 11/15/47 (Call 05/15/47)		578		528,962
3.90%, 04/01/25 (Call 03/01/25)		777		786,775
4.25%, 03/15/49 (Call 09/15/48)		78		77,123
4.45%, 04/01/30 (Call 01/01/30)^(a)		301		312,727
4.88%, 11/15/40 (Call 05/15/40)^(a)		266		282,537
5.20%, 04/01/40 (Call 10/01/39)		318		349,453
5.30%, 04/01/50 (Call 10/01/49)		464		526,065
6.20%, 01/15/38		716		861,513
Walmart Inc.
1.05%, 09/17/26 (Call 08/17/26)		370		336,737
1.50%, 09/22/28 (Call 07/22/28)		640		566,086
1.80%, 09/22/31 (Call 06/22/31)		1,090		930,348
2.50%, 09/22/41 (Call 03/22/41)		575		461,098
2.65%, 09/22/51 (Call 03/22/51)^(a)		750		586,207


				28,681,052


Total Corporate Bonds & Notes — 98.6% (Cost: $1,338,504,629)				1,186,546,758


Security	Shares (000)		Value

Short-Term Investments

Money Market Funds — 7.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.38%^(d)(e)(f)		89,036	$	89,035,565
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.34%^(d)(e)		4,037		4,037,000


				93,072,565


Total Short-Term Investments — 7.7% (Cost: $93,068,476)				93,072,565


Total Investments in Securities — 106.3% (Cost: $1,431,573,105)				1,279,619,323

Other Assets, Less Liabilities — (6.3)%				(75,732,290	)


Net Assets — 100.0%			$	1,203,887,033

^(a)	All or a portion of this security is on loan.

^(b)	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.

^(c)	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.

^(d)	Affiliate of the Fund.

^(e)	Annualized 7-day yield as of period end.

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

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

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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.


Security	Par (000)		Value

Corporate Bonds & Notes

Advertising — 0.3%
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)	$	150	$	130,500
3.75%, 02/15/28 (Call 02/15/23)		150		137,250
4.00%, 02/15/30 (Call 02/15/25)		135		120,967
4.88%, 01/15/29 (Call 01/15/24)		100		95,375


				484,092

Aerospace & Defense — 1.2%
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		100		98,036
4.95%, 08/15/25 (Call 05/15/25)		75		75,896
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)		165		143,987
5.13%, 10/01/24 (Call 07/01/24)		255		259,463
5.90%, 02/01/27		120		123,151
5.95%, 02/01/37^(a)		225		227,376
6.75%, 01/15/28		75		79,500
6.88%, 05/01/25 (Call 04/01/25)		125		132,185
Moog Inc., 4.25%, 12/15/27 (Call 12/15/22)^(a)(b)		125		116,406
Rolls-Royce PLC
3.63%, 10/14/25 (Call 07/14/25)^(a)(b)		300		282,000
5.75%, 10/15/27 (Call 07/15/27)^(b)		215		207,224
Spirit AeroSystems Inc.
3.85%, 06/15/26 (Call 03/15/26)		125		115,625
5.50%, 01/15/25 (Call 10/15/22)^(b)		75		74,250


				1,935,099

Agriculture — 0.3%
Darling Ingredients Inc., 5.25%, 04/15/27 (Call 04/15/23)^(b)		125		125,000
Turning Point Brands Inc., 5.63%, 02/15/26 (Call 02/15/23)^(b)		125		118,950
Vector Group Ltd., 5.75%, 02/01/29 (Call 02/01/24)^(b)		210		184,275


				428,225

Airlines — 2.2%
Air Canada, 3.88%, 08/15/26 (Call 02/15/26)^(b)		315		291,273
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26^(b)		865		857,431
5.75%, 04/20/29^(b)		745		717,863
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)		200		190,736
3.75%, 10/28/29 (Call 07/28/29)^(a)		195		172,088
3.80%, 04/19/23 (Call 03/19/23)		40		39,948
4.38%, 04/19/28 (Call 01/19/28)^(a)		60		56,144
7.38%, 01/15/26 (Call 12/15/25)		290		308,850
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25 (Call 09/20/23)^(b)		128		135,380
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)^(b)		505		487,578
4.63%, 04/15/29 (Call 10/15/25)^(b)		490		449,575


				3,706,866

Apparel — 0.6%
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)^(b)		175		174,781
4.88%, 05/15/26 (Call 02/15/26)^(a)(b)		250		244,375
Kontoor Brands Inc., 4.13%, 11/15/29 (Call 11/15/24)^(b)		75		65,063
Levi Strauss & Co., 3.50%, 03/01/31 (Call 03/01/26)^(a)(b)		130		112,450
Michael Kors USA Inc., 4.50%, 11/01/24 (Call 09/01/24)^(b)		50		48,911
Under Armour Inc., 3.25%, 06/15/26 (Call 03/15/26)^(a)		125		115,029
William Carter Co. (The), 5.63%, 03/15/27 (Call 03/15/23)^(b)		125		124,556


Security	Par (000)		Value

Apparel (continued)
Wolverine World Wide Inc., 4.00%, 08/15/29
(Call 08/15/24)^(a)(b)	$	120	$	101,981


				987,146

Auto Manufacturers — 2.2%
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)^(b)		235		203,275
4.75%, 10/01/27 (Call 10/01/22)^(a)(b)		150		144,539
5.88%, 06/01/29 (Call 06/01/24)^(a)(b)		125		123,404
Ford Holdings LLC, 9.30%, 03/01/30		200		238,000
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)		195		158,476
4.35%, 12/08/26 (Call 09/08/26)^(a)		135		129,600
4.75%, 01/15/43		300		241,500
5.29%, 12/08/46 (Call 06/08/46)^(a)		110		94,600
7.45%, 07/16/31		110		119,625
9.00%, 04/22/25 (Call 03/22/25)		100		111,434
Ford Motor Credit Co. LLC
2.30%, 02/10/25 (Call 01/10/25)		250		232,175
2.70%, 08/10/26 (Call 07/10/26)		200		178,296
2.90%, 02/16/28 (Call 12/16/27)		75		64,313
2.90%, 02/10/29 (Call 12/10/28)		200		166,500
3.37%, 11/17/23		250		245,625
3.38%, 11/13/25 (Call 10/13/25)		75		72,014
3.63%, 06/17/31 (Call 03/17/31)		25		20,781
3.66%, 09/08/24		250		241,875
3.81%, 01/09/24 (Call 11/09/23)		250		245,625
4.00%, 11/13/30 (Call 08/13/30)		200		173,000
4.13%, 08/17/27 (Call 06/17/27)		250		231,762
4.39%, 01/08/26		25		24,125
4.95%, 05/28/27 (Call 04/28/27)		50		48,696
5.13%, 06/16/25 (Call 05/16/25)		200		199,500


				3,708,740

Auto Parts & Equipment — 0.8%
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 04/15/23)^(b)		50		49,364
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)		75		64,290
4.50%, 02/15/32 (Call 02/15/27)		75		61,875
5.38%, 11/15/27 (Call 11/15/22)		180		170,100
5.63%, 06/15/28 (Call 06/15/23)^(a)		75		71,531
IHO Verwaltungs GmbH
4.75%, 09/15/26 (Call 09/15/22), (5.50% PIK)^(b)(c)		175		164,500
6.00%, 05/15/27 (Call 05/15/22), (6.75% PIK)^(b)(c)		100		92,684
6.38%, 05/15/29 (Call 05/15/24), (7.13% PIK)^(b)(c)		100		95,000
Meritor Inc.
4.50%, 12/15/28 (Call 12/15/23)^(b)		65		64,919
6.25%, 06/01/25 (Call 06/01/22)^(b)		60		62,130
Tenneco Inc.
5.13%, 04/15/29 (Call 04/15/24)^(b)		180		175,477
7.88%, 01/15/29 (Call 01/15/24)^(b)		115		116,183
ZF North America Capital Inc., 4.75%, 04/29/25^(b)		225		219,931


				1,407,984

Banks — 2.8%
Commerzbank AG, 8.13%, 09/19/23^(b)		225		234,180
Deutsche Bank AG
4.30%, 05/24/28 (Call 05/24/23),
(5 year USD Swap + 2.248%)^(d)		280		274,667
4.50%, 04/01/25		375		368,356


Security	Par (000)		Value

Banks (continued)
Deutsche Bank AG/New York NY
3.73%, 01/14/32 (Call 01/14/31)^(d)	$	400	$	330,275
3.74%, 01/07/33 (Call 10/07/31)^(d)		275		224,649
4.88%, 12/01/32 (Call 12/01/27)^(d)		225		206,231
5.88%, 07/08/31 (Call 04/08/30)^(d)		150		145,651
Dresdner Funding Trust I, 8.15%, 06/30/31 (Call 06/30/29)^(b)		300		363,000
Intesa Sanpaolo SpA
4.20%, 06/01/32 (Call 06/01/31)^(b)(d)		300		248,490
4.95%, 06/01/42 (Call 06/01/41)^(b)(d)		125		97,777
5.02%, 06/26/24^(b)		645		629,575
5.71%, 01/15/26^(a)(b)		235		233,852
Popular Inc., 6.13%, 09/14/23 (Call 08/14/23)		75		76,798
Standard Chartered PLC, 7.01%, (Call 07/30/37)^(b)(d)(e)		200		232,415
Synovus Financial Corp., 5.90%, 02/07/29 (Call 02/07/24)^(d)		95		96,432
UniCredit SpA
5.46%, 06/30/35 (Call 06/30/30)^(b)(d)		335		302,267
5.86%, 06/19/32 (Call 06/19/27)^(b)(d)		275		261,944
7.30%, 04/02/34 (Call 04/02/29)^(b)(d)		350		353,569


				4,680,128

Biotechnology — 0.1%
Emergent BioSolutions Inc., 3.88%, 08/15/28
(Call 08/15/23)^(b)		175		148,531


Building Materials — 1.3%
Boise Cascade Co., 4.88%, 07/01/30 (Call 07/01/25)^(b)		110		103,449
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)^(a)(b)		330		281,737
5.00%, 03/01/30 (Call 03/01/25)^(b)		175		161,875
6.75%, 06/01/27 (Call 06/01/22)^(b)		113		116,531
Jeld-Wen Inc., 6.25%, 05/15/25 (Call 05/15/22)^(b)		50		51,063
Louisiana-Pacific Corp., 3.63%, 03/15/29 (Call 03/15/24)^(b)		60		51,600
Masonite International Corp.
3.50%, 02/15/30 (Call 08/15/29)^(b)		100		84,250
5.38%, 02/01/28 (Call 02/01/23)^(a)(b)		135		129,249
Standard Industries Inc./NJ
3.38%, 01/15/31 (Call 07/15/25)^(b)		275		219,632
4.38%, 07/15/30 (Call 07/15/25)^(a)(b)		400		333,542
4.75%, 01/15/28 (Call 01/15/23)^(a)(b)		275		253,000
5.00%, 02/15/27 (Call 02/15/23)^(b)		200		189,500
Summit Materials LLC/Summit Materials Finance Corp.
5.25%, 01/15/29 (Call 07/15/23)^(b)		175		164,063
6.50%, 03/15/27 (Call 03/15/23)^(b)		125		124,525


				2,264,016

Chemicals — 1.7%
Ashland LLC
3.38%, 09/01/31 (Call 06/01/31)^(b)		105		90,825
6.88%, 05/15/43 (Call 02/15/43)		85		94,350
Element Solutions Inc., 3.88%, 09/01/28 (Call 09/01/23)^(a)(b)		215		192,156
GCP Applied Technologies Inc., 5.50%, 04/15/26 (Call 04/15/23)^(b)		75		75,656
HB Fuller Co.
4.00%, 02/15/27 (Call 11/15/26)		75		70,500
4.25%, 10/15/28 (Call 10/15/23)		50		44,755
INEOS Quattro Finance 2 PLC., 3.38%, 01/15/26 (Call 01/15/23)^(b)		125		114,125
Ingevity Corp., 3.88%, 11/01/28 (Call 11/01/23)^(b)		115		102,925
Methanex Corp.
4.25%, 12/01/24 (Call 09/01/24)		100		98,419
5.13%, 10/15/27 (Call 04/15/27)		130		124,800
5.25%, 12/15/29 (Call 09/15/29)		125		118,750


Security	Par (000)		Value

Chemicals (continued)
5.65%, 12/01/44 (Call 06/01/44)	$	125	$	109,375
Minerals Technologies Inc., 5.00%, 07/01/28 (Call 07/01/23)^(b)		75		70,030
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)^(a)(b)		151		130,615
4.88%, 06/01/24 (Call 03/03/24)^(a)(b)		260		256,425
5.00%, 05/01/25 (Call 01/31/25)^(b)		130		128,700
5.25%, 06/01/27 (Call 03/03/27)^(b)		260		246,350
Nufarm Australia Ltd./Nufarm Americas, Inc., 5.00%, 01/27/30 (Call 01/27/25)^(b)		80		75,600
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)^(a)		175		165,375
5.13%, 09/15/27 (Call 03/15/23)		75		74,302
5.63%, 08/01/29 (Call 08/01/24)		175		172,322
SPCM SA
3.13%, 03/15/27 (Call 03/15/24)^(b)		75		66,188
3.38%, 03/15/30 (Call 03/15/25)^(b)		75		63,563
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)^(b)		115		93,437
4.25%, 02/15/30 (Call 02/15/25)^(b)		150		130,125


				2,909,668

Coal — 0.2%
Alliance Resource Operating Partners LP/Alliance Resource Finance Corp., 7.50%, 05/01/25 (Call 05/01/22)^(a)(b)		40		40,100
SunCoke Energy Inc., 4.88%, 06/30/29 (Call 06/30/24)^(b)		185		165,862
Warrior Met Coal Inc., 7.88%, 12/01/28 (Call 12/01/24)^(b)		75		78,441


				284,403

Commercial Services — 3.4%
ADT Security Corp. (The)
4.13%, 06/15/23		85		84,490
4.13%, 08/01/29 (Call 08/01/28)^(a)(b)		290		246,219
4.88%, 07/15/32^(b)		175		148,094
Albion Financing 1 Sarl/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 10/15/23)^(b)		150		139,500
AMN Healthcare Inc.
4.00%, 04/15/29 (Call 04/15/24)^(b)		125		113,125
4.63%, 10/01/27 (Call 10/01/22)^(b)		75		72,010
ASGN Inc., 4.63%, 05/15/28 (Call 05/15/23)^(b)		110		102,190
Autopistas Metropolitanas de Puerto Rico LLC, 6.75%, 06/30/35^(b)		43		39,900
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)^(b)		255		232,565
3.50%, 06/01/31 (Call 03/01/31)^(b)		255		213,562
Brink’s Co. (The)
4.63%, 10/15/27 (Call 10/15/22)^(a)(b)		150		142,125
5.50%, 07/15/25 (Call 06/18/22)^(b)		100		100,286
CoreCivic Inc., 8.25%, 04/15/26 (Call 04/15/24)		175		179,763
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)^(b)		165		147,675
3.75%, 10/01/30 (Call 10/01/25)^(b)		200		178,360
4.50%, 07/01/28 (Call 07/01/23)^(a)(b)		185		177,307
Graham Holdings Co., 5.75%, 06/01/26 (Call 06/01/22)^(b)		75		75,563
Grand Canyon University
4.13%, 10/01/24		125		121,685
5.13%, 10/01/28 (Call 08/01/28)		125		120,312
Korn Ferry, 4.63%, 12/15/27 (Call 12/15/22)^(b)		70		66,325
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)^(b)		275		234,710
5.25%, 04/15/24^(b)		175		174,781


Security	Par (000)		Value

Commercial Services (continued)
5.75%, 04/15/26^(b)	$	360	$	345,150
Ritchie Bros. Auctioneers Inc., 5.38%, 01/15/25 (Call 01/15/23)^(b)		125		125,331
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)		225		193,500
4.00%, 05/15/31 (Call 05/15/26)		195		175,500
4.63%, 12/15/27 (Call 12/15/22)^(a)		125		121,250
5.13%, 06/01/29 (Call 06/01/24)^(a)		175		172,625
TriNet Group Inc., 3.50%, 03/01/29 (Call 03/01/24)^(b)		115		104,219
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)		185		160,950
3.88%, 02/15/31 (Call 08/15/25)^(a)		270		238,086
4.00%, 07/15/30 (Call 07/15/25)^(a)		190		170,050
4.88%, 01/15/28 (Call 01/15/23)^(a)		435		423,281
5.25%, 01/15/30 (Call 01/15/25)		210		203,700
5.50%, 05/15/27 (Call 05/15/22)		100		101,750


				5,645,939

Computers — 0.9%
Booz Allen Hamilton Inc.
3.88%, 09/01/28 (Call 09/01/23)^(a)(b)		125		115,145
4.00%, 07/01/29 (Call 07/01/24)^(a)(b)		135		124,523
Crowdstrike Holdings Inc., 3.00%, 02/15/29 (Call 02/15/24)		175		155,750
KBR Inc., 4.75%, 09/30/28 (Call 09/21/23)^(b)		65		61,263
Seagate HDD Cayman
3.13%, 07/15/29 (Call 01/15/24)		110		92,914
3.38%, 07/15/31 (Call 01/15/26)		145		117,881
4.09%, 06/01/29 (Call 03/01/29)		175		155,312
4.13%, 01/15/31 (Call 10/15/30)		125		109,687
4.75%, 06/01/23		50		50,250
4.75%, 01/01/25^(a)		75		74,437
4.88%, 03/01/24 (Call 01/01/24)^(a)		125		125,625
4.88%, 06/01/27 (Call 03/01/27)		175		170,618
5.75%, 12/01/34 (Call 06/01/34)		75		70,500
Unisys Corp., 6.88%, 11/01/27 (Call 11/01/23)^(b)		125		125,429


				1,549,334

Cosmetics & Personal Care — 0.2%
Avon Products Inc., 6.50%, 03/15/23^(a)		35		36,181
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)^(a)(b)		110		97,625
5.50%, 06/01/28 (Call 06/01/23)^(a)(b)		195		188,663


				322,469

Distribution & Wholesale — 0.5%
American Builders & Contractors Supply Co. Inc., 4.00%, 01/15/28 (Call 01/15/23)^(b)		175		163,187
Avient Corp.
5.25%, 03/15/23		50		50,125
5.75%, 05/15/25 (Call 05/15/22)^(b)		150		151,486
G-III Apparel Group Ltd., 7.88%, 08/15/25 (Call 08/15/22)^(b)		75		78,000
Resideo Funding Inc., 4.00%, 09/01/29 (Call 09/01/24)^(a)(b)		50		44,500
Ritchie Bros Holdings Inc., 4.75%, 12/15/31 (Call 12/15/26)^(b)		185		185,000
Univar Solutions USA Inc., 5.13%, 12/01/27 (Call 12/01/22)^(b)		125		119,823


				792,121

Diversified Financial Services — 5.0%
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)^(a)(d)		210		196,875
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/20/25)^(a)		255		261,963
Brightsphere Investment Group Inc., 4.80%, 07/27/26		125		116,250
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)^(b)		265		205,754
3.63%, 10/01/31 (Call 10/01/26)^(b)		280		206,844


Security	Par (000)		Value

Diversified Financial Services (continued)
Credit Acceptance Corp.
5.13%, 12/31/24 (Call 12/31/22)^(b)	$	75	$	74,101
6.63%, 03/15/26 (Call 03/15/23)		120		121,200
Enact Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)^(b)		235		233,797
goeasy Ltd.
4.38%, 05/01/26 (Call 04/27/23)^(b)		120		111,300
5.38%, 12/01/24 (Call 12/01/22)^(b)		75		73,500
Jane Street Group/JSG Finance Inc., 4.50%, 11/15/29 (Call 11/15/24)^(b)		150		138,903
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)^(b)		225		204,752
Jefferson Capital Holdings LLC, 6.00%, 08/15/26 (Call 08/15/23)^(b)		110		102,357
LPL Holdings Inc.
4.00%, 03/15/29 (Call 03/15/24)^(b)		225		204,750
4.38%, 05/15/31 (Call 05/15/26)^(b)		110		100,430
4.63%, 11/15/27 (Call 11/15/22)^(b)		100		94,875
Midcap Financial Issuer Trust
5.63%, 01/15/30 (Call 01/15/25)^(b)		150		119,441
6.50%, 05/01/28 (Call 05/01/24)^(b)		225		194,062
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)		130		114,075
5.00%, 03/15/27 (Call 09/15/26)^(a)		175		159,300
5.50%, 03/15/29 (Call 06/15/28)^(a)		200		175,866
5.63%, 08/01/33		125		98,750
5.88%, 10/25/24		125		124,063
6.13%, 03/25/24		267		268,502
6.75%, 06/25/25		125		124,688
6.75%, 06/15/26		125		122,818
7.25%, 09/25/23		55		56,375
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/24)		215		188,882
3.88%, 09/15/28 (Call 09/15/24)		165		139,837
4.00%, 09/15/30 (Call 09/15/25)^(a)		205		167,827
5.38%, 11/15/29 (Call 05/15/29)		175		157,062
5.63%, 03/15/23		100		101,000
6.13%, 03/15/24 (Call 09/15/23)		300		301,149
6.63%, 01/15/28 (Call 07/15/27)		190		187,661
6.88%, 03/15/25		300		301,500
7.13%, 03/15/26		393		397,912
8.88%, 06/01/25 (Call 06/01/22)		125		131,187
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)^(b)		125		100,491
5.38%, 10/15/25 (Call 10/15/22)^(b)		175		165,375
5.75%, 09/15/31 (Call 09/15/26)^(b)		175		143,500
PRA Group Inc.
5.00%, 10/01/29 (Call 10/01/24)^(a)(b)		150		138,784
7.38%, 09/01/25 (Call 09/01/22)^(a)(b)		85		87,950
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/23)^(b)		290		256,650
3.63%, 03/01/29 (Call 03/09/23)^(a)(b)		175		149,625
3.88%, 03/01/31 (Call 03/01/26)^(b)		285		240,492
4.00%, 10/15/33 (Call 10/15/27)^(a)(b)		245		196,282
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)		150		137,061
4.20%, 10/29/25 (Call 09/29/25)		115		112,328
StoneX Group Inc., 8.63%, 06/15/25 (Call 06/15/22)^(b)		135		141,180
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 11/15/22)^(b)		175		160,788
5.50%, 04/15/29 (Call 03/30/24)^(a)(b)		235		194,972


Security	Par (000)		Value

Diversified Financial Services (continued)
5.75%, 06/15/27 (Call 06/15/24)^(a)(b)	$	115	$	99,763


				8,404,849

Electric — 4.3%
Algonquin Power & Utilities Corp., 4.75%, 01/18/82 (Call 01/18/27)^(d)		175		160,032
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)^(b)		235		197,987
4.50%, 02/15/28 (Call 02/15/23)^(b)		315		291,602
5.25%, 06/01/26 (Call 06/01/22)^(b)		102		100,725
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)^(a)(b)		180		154,800
3.75%, 01/15/32 (Call 01/15/27)^(b)		110		93,225
4.75%, 03/15/28 (Call 03/15/23)^(b)		285		269,325
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)		75		72,000
4.35%, 04/15/29 (Call 01/15/29)^(a)		180		164,700
Electricite de France SA, 5.63%, (Call 01/22/24)^(b)(d)(e)		410		400,701
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26)^(d)		300		304,125
FirstEnergy Corp.
2.05%, 03/01/25 (Call 02/01/25)		50		47,125
2.65%, 03/01/30 (Call 12/01/29)		125		106,004
Series A, 1.60%, 01/15/26 (Call 12/15/25)		50		45,678
Series B, 2.25%, 09/01/30 (Call 06/01/30)		175		146,125
Series B, 4.15%, 07/15/27 (Call 04/15/27)		335		325,014
Series C, 3.40%, 03/01/50 (Call 09/01/49)		260		193,700
Series C, 5.35%, 07/15/47 (Call 01/15/47)		250		233,675
Series C, 7.38%, 11/15/31^(a)		325		372,713
Leeward Renewable Energy Operations LLC, 4.25%, 07/01/29 (Call 07/01/24)^(b)		160		143,200
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)^(b)		125		117,969
4.25%, 07/15/24 (Call 04/15/24)^(b)		175		173,721
4.50%, 09/15/27 (Call 06/15/27)^(b)		140		132,612
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)^(b)		115		97,463
3.63%, 02/15/31 (Call 02/15/26)^(b)		310		258,075
3.88%, 02/15/32 (Call 02/15/27)^(b)		205		171,123
5.25%, 06/15/29 (Call 06/15/24)^(a)(b)		185		174,246
5.75%, 01/15/28 (Call 01/15/23)		250		244,375
6.63%, 01/15/27 (Call 07/15/22)		57		57,713
Pattern Energy Operations LP/Pattern Energy Operations Inc., 4.50%, 08/15/28 (Call 08/15/23)^(b)		175		163,625
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)		250		230,047
5.25%, 07/01/30 (Call 06/15/25)^(a)		250		227,197
Terraform Global Operating LLC, 6.13%, 03/01/26 (Call 03/01/23)^(b)		100		98,250
TransAlta Corp., 6.50%, 03/15/40		90		90,110
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)^(b)		315		285,856
5.00%, 07/31/27 (Call 07/31/22)^(b)		330		314,325
5.50%, 09/01/26 (Call 09/01/22)^(b)		175		174,387
5.63%, 02/15/27 (Call 02/15/23)^(b)		390		384,150


				7,217,700

Electrical Components & Equipment — 0.5%
EnerSys
4.38%, 12/15/27 (Call 09/15/27)^(b)		76		70,490
5.00%, 04/30/23 (Call 01/30/23)^(b)		25		25,063


Security	Par (000)		Value

Electrical Components & Equipment (continued)
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/22)^(b)	$	375	$	389,531
7.25%, 06/15/28 (Call 06/15/23)^(a)(b)		325		335,562


				820,646

Electronics — 1.0%
Atkore Inc., 4.25%, 06/01/31 (Call 06/01/26)^(b)		120		106,200
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)^(b)		510		474,300
Sensata Technologies BV
4.00%, 04/15/29 (Call 03/18/24)^(a)(b)		250		222,866
4.88%, 10/15/23^(b)		175		175,446
5.00%, 10/01/25^(b)		160		158,800
5.63%, 11/01/24^(b)		75		75,844
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)^(a)(b)		125		105,692
4.38%, 02/15/30 (Call 11/15/29)^(b)		175		159,196
TTM Technologies Inc., 4.00%, 03/01/29 (Call 03/01/24)^(b)		170		148,750


				1,627,094

Energy - Alternate Sources — 0.3%
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)^(b)		225		202,500
5.00%, 01/31/28 (Call 07/31/27)^(b)		130		121,408
Topaz Solar Farms LLC, 5.75%, 09/30/39^(b)		194		196,622


				520,530

Engineering & Construction — 0.7%
AECOM, 5.13%, 03/15/27 (Call 12/15/26)		250		247,187
Arcosa Inc., 4.38%, 04/15/29 (Call 04/15/24)^(b)		120		109,487
Cellnex Finance Co SA, 3.88%, 07/07/41 (Call 04/07/41)^(a)(b)		150		112,277
Dycom Industries Inc., 4.50%, 04/15/29 (Call 04/15/24)^(b)		190		173,375
Fluor Corp.
3.50%, 12/15/24 (Call 09/15/24)^(a)		75		73,549
4.25%, 09/15/28 (Call 06/15/28)^(a)		185		175,484
TopBuild Corp.
3.63%, 03/15/29 (Call 03/15/24)^(b)		65		56,631
4.13%, 02/15/32 (Call 10/15/26)^(b)		130		112,002
Weekley Homes LLC/Weekley Finance Corp., 4.88%, 09/15/28 (Call 09/15/23)^(b)		75		66,246


				1,126,238

Entertainment — 1.3%
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25 (Call 05/01/22)^(b)		250		251,250
Cinemark USA Inc., 8.75%, 05/01/25 (Call 05/01/22)^(b)		50		51,938
Empire Resorts Inc., 7.75%, 11/01/26 (Call 11/01/23)^(b)		135		129,952
International Game Technology PLC
4.13%, 04/15/26 (Call 04/15/23)^(b)		125		117,877
5.25%, 01/15/29 (Call 01/15/24)^(b)		250		237,093
6.25%, 01/15/27 (Call 07/15/26)^(b)		200		203,074
6.50%, 02/15/25 (Call 08/15/24)^(b)		250		254,375
Resorts World Las Vegas LLC, 4.63%, 04/06/31 (Call 01/06/31)^(b)		250		213,706
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 07/01/22)^(b)		200		207,750
Vail Resorts Inc., 6.25%, 05/15/25 (Call 05/15/22)^(b)		125		127,813
WMG Acquisition Corp.
3.00%, 02/15/31 (Call 02/15/26)^(b)		200		166,858
3.75%, 12/01/29 (Call 12/01/24)^(a)(b)		160		143,400
3.88%, 07/15/30 (Call 07/15/25)^(b)		125		111,875


				2,216,961


Security	Par (000)		Value

Environmental Control — 0.6%
Clean Harbors Inc.
4.88%, 07/15/27 (Call 07/15/22)^(b)	$	135	$	132,300
5.13%, 07/15/29 (Call 07/15/24)^(b)		135		132,975
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)^(b)		195		173,550
3.75%, 08/01/25 (Call 08/01/22)^(b)		200		189,500
4.25%, 06/01/25 (Call 06/01/22)^(a)(b)		100		96,989
5.13%, 12/15/26 (Call 12/15/22)^(b)		125		122,862
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)^(a)(b)		130		114,641
Tervita Corp., 11.00%, 12/01/25 (Call 12/01/23)^(b)		62		69,130


				1,031,947

Food — 1.7%
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/22)^(b)		175		159,688
3.50%, 03/15/29 (Call 09/15/23)^(b)		400		336,960
4.63%, 01/15/27 (Call 01/15/23)^(b)		325		304,419
4.88%, 02/15/30 (Call 02/15/25)^(b)		235		212,688
5.88%, 02/15/28 (Call 08/15/22)^(b)		175		169,969
7.50%, 03/15/26 (Call 03/15/23)^(b)		125		131,383
Ingles Markets Inc., 4.00%, 06/15/31 (Call 06/15/26)^(b)		110		98,781
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)^(b)		250		223,095
4.38%, 01/31/32 (Call 01/31/27)^(b)		175		156,321
4.88%, 05/15/28 (Call 11/15/27)^(b)		116		112,810
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)^(b)		255		215,475
4.25%, 04/15/31 (Call 04/15/26)^(b)		250		228,125
5.88%, 09/30/27 (Call 09/30/22)^(b)		200		201,461
U.S. Foods Inc., 6.25%, 04/15/25 (Call 04/15/23)^(b)		250		256,827


				2,808,002

Forest Products & Paper — 0.3%
Clearwater Paper Corp.
4.75%, 08/15/28 (Call 08/15/23)^(b)		75		65,905
5.38%, 02/01/25^(b)		75		75,000
Domtar Corp.
6.25%, 09/01/42		6		4,252
6.75%, 10/01/28 (Call 10/01/24)^(b)		175		173,469
Glatfelter Corp., 4.75%, 11/15/29 (Call 11/01/24)^(a)(b)		135		108,000
Sylvamo Corp., 7.00%, 09/01/29 (Call 09/01/24)^(b)		125		120,625


				547,251

Gas — 0.4%
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)		170		167,429
5.63%, 05/20/24 (Call 03/20/24)		175		174,764
5.75%, 05/20/27 (Call 02/20/27)		145		142,435
5.88%, 08/20/26 (Call 05/20/26)		175		172,790


				657,418

Health Care - Products — 0.7%
Avantor Funding Inc.
3.88%, 11/01/29 (Call 11/01/24)^(b)		200		179,446
4.63%, 07/15/28 (Call 07/15/23)^(a)(b)		390		371,003
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)^(b)		245		218,262
4.63%, 02/01/28 (Call 02/01/23)^(a)(b)		100		97,812
Teleflex Inc.
4.25%, 06/01/28 (Call 06/01/23)^(b)		125		117,813
4.63%, 11/15/27 (Call 11/15/22)		125		122,500


				1,106,836


Security	Par (000)		Value

Health Care - Services — 5.5%
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)	$	520	$	453,653
2.50%, 03/01/31 (Call 12/01/30)		535		444,719
2.63%, 08/01/31 (Call 05/01/31)		255		211,831
3.00%, 10/15/30 (Call 07/15/30)		502		436,740
3.38%, 02/15/30 (Call 02/15/25)		465		415,454
4.25%, 12/15/27 (Call 12/15/22)		615		596,550
4.63%, 12/15/29 (Call 12/15/24)^(a)		810		784,505
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)^(a)(b)		175		158,375
4.00%, 03/15/31 (Call 03/15/26)^(b)		135		120,529
4.25%, 05/01/28 (Call 05/01/23)^(a)(b)		90		85,908
HCA Inc.
3.50%, 09/01/30 (Call 03/01/30)^(a)		670		600,206
5.38%, 02/01/25		625		642,969
5.38%, 09/01/26 (Call 03/01/26)		196		200,607
5.63%, 09/01/28 (Call 03/01/28)		400		413,376
5.88%, 05/01/23^(a)		125		128,938
5.88%, 02/15/26 (Call 08/15/25)^(a)		430		445,265
5.88%, 02/01/29 (Call 08/01/28)		250		260,411
7.50%, 11/06/33		50		58,625
7.69%, 06/15/25		50		54,125
IQVIA Inc.
5.00%, 10/15/26 (Call 10/15/22)^(b)		250		248,750
5.00%, 05/15/27 (Call 05/15/22)^(a)(b)		300		297,246
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)^(b)		130		117,259
3.88%, 05/15/32 (Call 02/15/32)^(a)(b)		245		215,105
4.38%, 06/15/28 (Call 06/15/23)^(b)		185		172,908
Tenet Healthcare Corp.
4.25%, 06/01/29 (Call 06/01/24)^(b)		250		225,873
4.38%, 01/15/30 (Call 12/01/24)^(b)		350		318,454
4.63%, 06/15/28 (Call 06/15/23)^(b)		250		235,625
4.88%, 01/01/26 (Call 03/01/23)^(b)		600		587,505
5.13%, 11/01/27 (Call 11/01/22)^(b)		300		291,290


				9,222,801

Holding Companies - Diversified — 0.7%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)		245		211,369
4.75%, 09/15/24 (Call 06/15/24)		305		297,375
5.25%, 05/15/27 (Call 11/15/26)		315		294,264
6.25%, 05/15/26 (Call 05/15/22)		325		322,211
6.38%, 12/15/25 (Call 12/15/22)		125		124,062


				1,249,281

Home Builders — 1.3%
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)^(b)		195		164,305
6.75%, 06/01/27 (Call 06/01/22)		75		75,826
Forestar Group Inc.
3.85%, 05/15/26 (Call 05/15/23)^(b)		75		67,500
5.00%, 03/01/28 (Call 03/01/23)^(b)		75		67,763
KB Home
4.00%, 06/15/31 (Call 12/15/30)		135		115,425
4.80%, 11/15/29 (Call 05/15/29)		60		54,693
6.88%, 06/15/27 (Call 12/15/26)		60		62,284
7.63%, 05/15/23 (Call 11/15/22)		25		25,625
LGI Homes Inc., 4.00%, 07/15/29 (Call 01/15/29)^(b)		110		90,985


Security	Par (000)		Value

Home Builders (continued)
M/I Homes Inc.
3.95%, 02/15/30 (Call 08/15/29)	$	100	$	82,246
4.95%, 02/01/28 (Call 02/01/23)		100		92,144
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)^(a)(b)		120		102,100
5.25%, 12/15/27 (Call 12/15/22)^(b)		125		116,875
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)^(a)(b)		140		125,265
5.13%, 06/06/27 (Call 12/06/26)		50		48,875
6.00%, 06/01/25 (Call 03/01/25)		75		76,312
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)^(b)		125		114,062
5.75%, 01/15/28 (Call 10/15/27)^(b)		100		97,750
5.88%, 06/15/27 (Call 03/15/27)^(b)		125		124,085
6.63%, 07/15/27 (Call 07/15/22)^(b)		75		75,020
Taylor Morrison Communities Inc./Taylor Morrison Holdings II Inc.
5.63%, 03/01/24 (Call 12/01/23)^(b)		75		75,375
5.88%, 04/15/23 (Call 01/15/23)^(b)		25		25,281
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24		75		76,147
Tri Pointe Homes Inc.
5.25%, 06/01/27 (Call 12/01/26)		60		57,974
5.70%, 06/15/28 (Call 12/15/27)		125		119,784
Winnebago Industries Inc., 6.25%, 07/15/28 (Call 06/30/23)^(b)		65		64,512


				2,198,213

Home Furnishings — 0.2%
Tempur Sealy International Inc.
3.88%, 10/15/31 (Call 10/15/26)^(a)(b)		220		182,288
4.00%, 04/15/29 (Call 04/15/24)^(b)		190		164,589


				346,877

Household Products & Wares — 0.2%
ACCO Brands Corp., 4.25%, 03/15/29 (Call 03/15/24)^(b)		120		104,400
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)		135		116,698
4.13%, 04/30/31 (Call 04/30/26)^(b)		95		81,463
5.13%, 02/01/28 (Call 01/01/23)^(a)		75		72,375


				374,936

Housewares — 0.5%
Newell Brands Inc.
4.10%, 04/01/23 (Call 02/01/23)		90		90,056
4.45%, 04/01/26 (Call 01/01/26)		455		451,105
4.88%, 06/01/25 (Call 05/01/25)		125		126,622
5.63%, 04/01/36 (Call 10/01/35)		75		71,684
5.75%, 04/01/46 (Call 10/01/45)		185		172,281


				911,748

Insurance — 0.9%
Assurant Inc., 7.00%, 03/27/48 (Call 03/27/28)^(d)		110		113,571
Enstar Finance LLC
5.50%, 01/15/42 (Call 01/15/27)^(d)		125		116,250
5.75%, 09/01/40 (Call 09/01/25)^(a)(d)		75		73,771
Global Atlantic Fin Co., 4.70%, 10/15/51 (Call 07/15/26)^(b)(d)		235		213,262
Liberty Mutual Group Inc.
4.13%, 12/15/51 (Call 12/15/26)^(b)(d)		125		113,437
4.30%, 02/01/61 (Call 02/03/26)^(b)		250		188,730
7.80%, 03/07/87^(b)		75		95,813
MGIC Investment Corp., 5.25%, 08/15/28 (Call 08/15/23)		175		164,288
NMI Holdings Inc., 7.38%, 06/01/25 (Call 03/30/25)^(b)		75		78,188


Security	Par (000)		Value

Insurance (continued)
Radian Group Inc.
4.50%, 10/01/24 (Call 07/01/24)	$	75	$	73,031
4.88%, 03/15/27 (Call 09/15/26)		110		106,152
6.63%, 03/15/25 (Call 09/15/24)		175		178,151


				1,514,644

Internet — 0.9%
Cogent Communications Group Inc., 3.50%, 05/01/26 (Call 02/01/26)^(b)		125		118,016
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)^(b)		200		177,478
5.25%, 12/01/27 (Call 06/01/22)^(b)		110		108,822
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)^(b)		110		91,509
4.13%, 08/01/30 (Call 05/01/25)^(a)(b)		135		120,656
4.63%, 06/01/28 (Call 06/01/23)^(b)		125		116,521
5.00%, 12/15/27 (Call 12/15/22)^(a)(b)		100		97,500
5.63%, 02/15/29 (Call 02/15/24)^(a)(b)		85		82,025
NortonLifeLock Inc., 5.00%, 04/15/25 (Call 05/10/22)^(b)		300		299,643
Twitter Inc.
3.88%, 12/15/27 (Call 09/15/27)^(b)		120		117,637
5.00%, 03/01/30 (Call 12/01/29)^(b)		255		260,426


				1,590,233

Iron & Steel — 0.9%
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29 (Call 09/15/23)^(b)		185		189,162
Carpenter Technology Corp.
6.38%, 07/15/28 (Call 07/15/23)		110		109,600
7.63%, 03/15/30 (Call 03/15/25)		95		96,731
Cleveland-Cliffs Inc.
4.63%, 03/01/29 (Call 03/01/24)^(b)		165		154,653
4.88%, 03/01/31 (Call 03/01/26)^(a)(b)		115		106,375
6.75%, 03/15/26 (Call 03/15/23)^(b)		175		183,417
Commercial Metals Co.
3.88%, 02/15/31 (Call 02/15/26)		85		74,908
4.13%, 01/15/30 (Call 01/15/25)		50		45,500
4.38%, 03/15/32 (Call 03/15/27)		85		75,862
4.88%, 05/15/23 (Call 02/15/23)^(a)		15		15,075
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)^(b)		50		49,813
8.13%, 05/01/27 (Call 05/01/22)^(a)(b)		135		137,056
8.50%, 05/01/30 (Call 05/01/25)^(b)		75		74,063
United States Steel Corp.
6.65%, 06/01/37		65		63,667
6.88%, 03/01/29 (Call 03/01/24)^(a)		185		188,206


				1,564,088

Leisure Time — 0.7%
Carnival Corp., 4.00%, 08/01/28 (Call 05/01/28)^(b)		595		535,583
Royal Caribbean Cruises Ltd.
10.88%, 06/01/23 (Call 03/01/23)^(b)		90		94,162
11.50%, 06/01/25 (Call 06/01/22)^(b)		343		372,910
Vista Outdoor Inc., 4.50%, 03/15/29 (Call 03/15/24)^(b)		125		111,875


				1,114,530

Lodging — 1.4%
Genting New York LLC, 3.30%, 02/15/26 (Call 01/15/26)^(b)		200		182,793
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)^(b)		330		279,467
3.75%, 05/01/29 (Call 05/01/24)^(b)		195		176,674
4.00%, 05/01/31 (Call 05/01/26)^(a)(b)		285		254,890
4.88%, 01/15/30 (Call 01/15/25)		250		241,175


Security	Par (000)		Value

Lodging (continued)
5.38%, 05/01/25 (Call 05/01/22)^(a)(b)	$	125	$	127,539
5.75%, 05/01/28 (Call 05/01/23)^(a)(b)		175		177,494
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 04/01/23)		115		113,850
Marriott Ownership Resorts Inc., 6.13%, 09/15/25 (Call 05/15/22)^(b)		62		63,473
Travel + Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)^(b)		180		159,300
4.63%, 03/01/30 (Call 12/01/29)^(b)		75		66,750
5.65%, 04/01/24 (Call 02/01/24)		50		50,375
6.00%, 04/01/27 (Call 01/01/27)		110		110,827
6.60%, 10/01/25 (Call 07/01/25)		125		129,687
6.63%, 07/31/26 (Call 04/30/26)^(b)		130		133,091
Wyndham Hotels & Resorts Inc., 4.38%, 08/15/28 (Call 08/15/23)^(b)		125		116,505


				2,383,890

Machinery — 0.4%
BWX Technologies Inc.
4.13%, 06/30/28 (Call 06/30/23)^(b)		125		115,937
4.13%, 04/15/29 (Call 04/15/24)^(b)		80		74,000
GrafTech Finance Inc., 4.63%, 12/15/28 (Call 12/15/23)^(b)		125		114,094
Mueller Water Products Inc., 4.00%, 06/15/29 (Call 06/15/24)^(a)(b)		80		71,600
Stevens Holding Co. Inc., 6.13%, 10/01/26 (Call 10/01/23)^(b)		75		75,187
Weir Group PLC (The), 2.20%, 05/13/26 (Call 04/13/26)^(b)		225		203,585


				654,403

Manufacturing — 0.3%
Amsted Industries Inc.
4.63%, 05/15/30 (Call 05/15/25)^(b)		75		69,000
5.63%, 07/01/27 (Call 07/01/22)^(b)		125		124,062
Hillenbrand Inc.
3.75%, 03/01/31 (Call 03/01/26)		65		57,363
5.00%, 09/15/26 (Call 07/15/26)		160		157,600
5.75%, 06/15/25 (Call 06/15/22)		75		75,563
Trinity Industries Inc., 4.55%, 10/01/24 (Call 07/01/24)		67		66,581


				550,169

Media — 7.4%
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)		270		235,024
4.75%, 08/01/25 (Call 08/01/22)^(a)		200		193,125
5.00%, 04/01/24 (Call 04/01/23)		80		79,198
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)^(a)(b)		475		400,330
4.25%, 01/15/34 (Call 01/15/28)^(b)		300		238,500
4.50%, 08/15/30 (Call 02/15/25)^(b)		400		349,000
4.50%, 05/01/32 (Call 05/01/26)		410		344,874
4.50%, 06/01/33 (Call 06/01/27)^(b)		265		216,802
4.75%, 03/01/30 (Call 09/01/24)^(b)		425		379,844
4.75%, 02/01/32 (Call 02/01/27)^(a)(b)		220		189,053
5.00%, 02/01/28 (Call 08/01/22)^(b)		425		404,812
5.13%, 05/01/27 (Call 05/01/22)^(a)(b)		425		414,281
5.38%, 06/01/29 (Call 06/01/24)^(a)(b)		225		213,188
5.50%, 05/01/26 (Call 05/01/22)^(a)(b)		80		80,200
CSC Holdings LLC
3.38%, 02/15/31 (Call 02/15/26)^(b)		275		214,770
4.13%, 12/01/30 (Call 12/01/25)^(b)		100		82,500
4.50%, 11/15/31 (Call 11/15/26)^(b)		350		287,480
5.38%, 02/01/28 (Call 02/01/23)^(b)		225		206,580
5.50%, 04/15/27 (Call 04/15/23)^(b)		300		289,629


Security	Par (000)		Value

Media (continued)
6.50%, 02/01/29 (Call 02/01/24)^(a)(b)	$	625	$	593,750
Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27 (Call 08/15/23)^(b)		920		865,950
Gannett Holdings LLC, 6.00%, 11/01/26 (Call 11/01/23)^(a)(b)		110		100,100
LCPR Senior Secured Financing DAC, 5.13%, 07/15/29 (Call 07/15/24)^(b)		375		341,364
News Corp.
3.88%, 05/15/29 (Call 05/15/24)^(b)		300		271,267
5.13%, 02/15/32 (Call 02/15/27)^(b)		135		128,925
Paramount Global
6.25%, 02/28/57 (Call 02/28/27)^(d)		135		130,294
6.38%, 03/30/62 (Call 03/30/27)^(d)		275		266,520
Scripps Escrow II Inc., 3.88%, 01/15/29 (Call 01/15/24)^(b)		125		111,113
Sinclair Television Group Inc., 4.13%, 12/01/30 (Call 12/01/25)^(a)(b)		240		199,068
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/23)^(a)(b)		230		211,888
3.88%, 09/01/31 (Call 09/01/26)^(b)		365		308,246
4.00%, 07/15/28 (Call 07/15/24)^(b)		495		447,356
4.13%, 07/01/30 (Call 07/01/25)^(a)(b)		375		329,284
5.00%, 08/01/27 (Call 08/01/22)^(b)		375		361,875
5.50%, 07/01/29 (Call 07/01/24)^(b)		290		278,881
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/23)^(a)		250		240,550
4.75%, 03/15/26 (Call 03/15/23)^(a)(b)		115		113,994
5.00%, 09/15/29 (Call 09/15/24)^(a)		300		291,000
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 12/01/22)^(b)		200		191,000
UPC Broadband Finco BV, 4.88%, 07/15/31 (Call 07/15/26)^(b)		375		329,531
Videotron Ltd.
3.63%, 06/15/29 (Call 06/15/24)^(b)		125		108,750
5.13%, 04/15/27 (Call 04/15/23)^(b)		150		147,000
5.38%, 06/15/24 (Call 03/15/24)^(b)		150		151,500
Virgin Media Secured Finance PLC
4.50%, 08/15/30 (Call 08/15/25)^(b)		250		216,965
5.50%, 05/15/29 (Call 05/15/24)^(a)(b)		300		277,500
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)^(b)		350		302,018
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)^(b)		285		252,581


				12,387,460

Metal Fabricate & Hardware — 0.0%
Advanced Drainage Systems Inc., 5.00%, 09/30/27 (Call 09/30/22)^(b)		50		48,313


Mining — 1.7%
Alcoa Nederland Holding BV
4.13%, 03/31/29 (Call 03/31/24)^(a)(b)		125		117,023
5.50%, 12/15/27 (Call 06/15/23)^(b)		150		149,250
6.13%, 05/15/28 (Call 05/15/23)^(b)		200		203,500
Arconic Corp.
6.00%, 05/15/25 (Call 05/15/22)^(b)		125		125,426
6.13%, 02/15/28 (Call 02/15/23)^(b)		235		227,656
FMG Resources August 2006 Pty Ltd.
4.38%, 04/01/31 (Call 01/01/31)^(b)		365		322,996
4.50%, 09/15/27 (Call 06/15/27)^(b)		125		118,438
5.13%, 05/15/24 (Call 02/15/24)^(b)		175		176,750
5.88%, 04/15/30 (Call 01/15/30)^(b)		195		193,596
6.13%, 04/15/32 (Call 01/15/32)^(b)		185		183,615
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)^(b)		155		133,687
4.63%, 03/01/28 (Call 03/01/23)^(b)		75		68,813


Security	Par (000)		Value

Mining (continued)
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/23)^(b)	$	180	$	164,241
3.88%, 08/15/31 (Call 08/15/26)^(b)		190		162,925
4.75%, 01/30/30 (Call 01/30/25)^(b)		400		367,892
Perenti Finance Pty Ltd., 6.50%, 10/07/25 (Call 10/07/22)^(a)(b)		125		124,750


				2,840,558

Office & Business Equipment — 0.3%
Xerox Corp.
3.80%, 05/15/24		75		72,562
4.80%, 03/01/35		100		79,000
6.75%, 12/15/39		100		93,500
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)^(b)		215		206,400
5.50%, 08/15/28 (Call 07/15/28)^(b)		125		112,500


				563,962

Office Furnishings — 0.1%
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28)		125		121,675


Oil & Gas — 6.3%
Antero Resources Corp.
5.38%, 03/01/30 (Call 03/01/25)^(a)(b)		175		170,991
7.63%, 02/01/29 (Call 02/01/24)^(b)		125		132,450
8.38%, 07/15/26 (Call 01/15/24)^(b)		50		53,883
Apache Corp.
4.25%, 01/15/30 (Call 10/15/29)^(a)		125		116,132
4.38%, 10/15/28 (Call 07/15/28)		50		47,000
4.75%, 04/15/43 (Call 10/15/42)		130		112,450
5.10%, 09/01/40 (Call 03/01/40)^(a)		310		280,550
5.25%, 02/01/42 (Call 08/01/41)		75		69,000
5.35%, 07/01/49 (Call 01/01/49)		125		109,688
6.00%, 01/15/37		135		139,466
Athabasca Oil Corp., 9.75%, 11/01/26 (Call 11/01/24)^(b)		75		79,560
Callon Petroleum Co., 9.00%, 04/01/25 (Call 10/01/22)^(b)		50		53,000
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 02/05/23)^(b)		125		123,946
5.88%, 02/01/29 (Call 02/05/24)^(b)		125		123,590
6.75%, 04/15/29 (Call 04/15/24)^(b)		260		261,625
Civitas Resources Inc., 5.00%, 10/15/26 (Call 10/15/23)^(b)		175		166,250
CNX Resources Corp.
6.00%, 01/15/29 (Call 01/15/24)^(b)		110		108,523
7.25%, 03/14/27 (Call 03/14/23)^(b)		180		184,001
Endeavor Energy Resources LP/EER Finance Inc.
5.75%, 01/30/28 (Call 01/30/23)^(a)(b)		275		275,709
6.63%, 07/15/25 (Call 07/15/22)^(b)		135		138,712
Harbour Energy PLC, 5.50%, 10/15/26 (Call 10/15/23)^(b)		135		130,950
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)^(b)		140		137,200
6.00%, 04/15/30 (Call 04/15/25)^(b)		115		114,137
6.00%, 02/01/31 (Call 02/01/26)^(b)		165		159,232
6.25%, 11/01/28 (Call 11/01/23)^(b)		125		124,456
6.25%, 04/15/32 (Call 04/15/27)^(b)		125		121,788
Murphy Oil Corp.
5.75%, 08/15/25 (Call 08/15/22)		60		60,000
5.88%, 12/01/27 (Call 12/01/22)^(a)		110		109,175
6.38%, 07/15/28 (Call 07/15/24)		185		188,206
6.38%, 12/01/42 (Call 06/01/42)		50		45,121
7.05%, 05/01/29		125		129,462
Neptune Energy Bondco PLC, 6.63%, 05/15/25 (Call 05/15/22)^(b)		200		198,100


Security	Par (000)		Value

Oil & Gas (continued)
Occidental Petroleum Corp.
2.90%, 08/15/24 (Call 06/15/24)	$	175	$	171,062
3.00%, 02/15/27 (Call 11/15/26)^(a)		65		60,450
3.20%, 08/15/26 (Call 06/15/26)		75		70,500
3.40%, 04/15/26 (Call 01/15/26)		100		95,250
3.50%, 08/15/29 (Call 05/15/29)^(a)		125		116,719
4.10%, 02/15/47 (Call 08/15/46)		50		41,625
4.20%, 03/15/48 (Call 09/15/47)		135		111,881
4.30%, 08/15/39 (Call 02/15/39)		60		50,961
4.40%, 04/15/46 (Call 10/15/45)		125		107,200
4.40%, 08/15/49 (Call 02/15/49)		100		84,831
4.50%, 07/15/44 (Call 01/15/44)		75		64,500
4.63%, 06/15/45 (Call 12/15/44)		125		107,813
5.50%, 12/01/25 (Call 09/01/25)		70		71,225
5.55%, 03/15/26 (Call 12/15/25)		125		128,125
5.88%, 09/01/25 (Call 06/01/25)		175		179,737
6.13%, 01/01/31 (Call 07/01/30)		175		183,935
6.20%, 03/15/40		125		129,392
6.38%, 09/01/28 (Call 03/01/28)		60		63,000
6.45%, 09/15/36		310		336,350
6.60%, 03/15/46 (Call 09/15/45)		125		136,250
6.63%, 09/01/30 (Call 03/01/30)		220		238,425
6.95%, 07/01/24		75		78,656
7.50%, 05/01/31		125		142,500
7.88%, 09/15/31		100		116,918
7.95%, 06/15/39		50		60,500
8.00%, 07/15/25 (Call 04/15/25)		50		53,875
8.50%, 07/15/27 (Call 01/15/27)		50		56,375
8.88%, 07/15/30 (Call 01/15/30)		135		162,147
Parkland Corp.
4.50%, 10/01/29 (Call 10/01/24)^(b)		190		166,315
4.63%, 05/01/30 (Call 05/01/25)^(b)		230		201,250
5.88%, 07/15/27 (Call 07/15/22)^(b)		125		121,212
PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 05/15/25 (Call 05/15/22)^(b)		300		311,007
PDC Energy Inc., 5.75%, 05/15/26 (Call 05/15/22)^(a)		185		180,035
Petrofac Ltd., 9.75%, 11/15/26 (Call 11/15/23)^(b)		275		257,125
SM Energy Co., 10.00%, 01/15/25 (Call 06/17/22)^(b)		75		81,017
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)^(a)		290		274,233
5.38%, 02/01/29 (Call 02/01/24)		175		172,865
5.38%, 03/15/30 (Call 03/15/25)		305		301,142
5.95%, 01/23/25 (Call 10/23/24)		75		76,079
7.75%, 10/01/27 (Call 10/01/22)^(a)		125		130,442
8.38%, 09/15/28 (Call 09/15/23)		75		81,094
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)		220		197,831
4.50%, 04/30/30 (Call 04/30/25)^(b)		173		156,108
5.88%, 03/15/28 (Call 03/15/23)		100		98,500
6.00%, 04/15/27 (Call 04/15/23)		125		125,936
Viper Energy Partners LP, 5.38%, 11/01/27 (Call 11/01/22)^(b)		125		124,460


				10,541,206

Oil & Gas Services — 0.1%
TechnipFMC PLC, 6.50%, 02/01/26 (Call 02/01/23)^(b)		95		98,325


Packaging & Containers — 2.1%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 3.25%, 09/01/28 (Call 05/15/24)^(b)		100		87,250


Security	Par (000)		Value

Packaging & Containers (continued)
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.13%, 08/15/26 (Call 08/15/22)^(b)	$	415	$	383,875
5.25%, 04/30/25 (Call 04/30/22)^(a)(b)		175		173,832
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)		315		264,883
3.13%, 09/15/31 (Call 06/15/31)^(a)		220		184,094
4.00%, 11/15/23		250		249,390
4.88%, 03/15/26 (Call 12/15/25)^(a)		175		175,000
5.25%, 07/01/25^(a)		305		312,625
Berry Global Inc.
4.50%, 02/15/26 (Call 02/15/23)^(a)(b)		70		68,863
5.63%, 07/15/27 (Call 07/15/22)^(b)		125		124,534
Cascades Inc./Cascades USA Inc., 5.38%, 01/15/28 (Call 01/15/23)^(b)		75		72,375
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30)^(b)		120		118,950
Crown Americas LLC / Crown Americas Capital Corp VI, 4.25%, 09/30/26 (Call 03/31/26)^(a)		75		72,626
Duke Energy Carolinas LLC, 4.75%, 02/01/26 (Call 02/01/23)		200		199,250
Graphic Packaging International LLC
3.50%, 03/15/28^(b)		125		112,500
3.50%, 03/01/29 (Call 09/01/28)^(b)		50		44,125
3.75%, 02/01/30 (Call 08/01/29)^(b)		70		61,371
4.13%, 08/15/24 (Call 05/15/24)		75		74,813
4.75%, 07/15/27 (Call 04/15/27)^(b)		100		96,941
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)^(b)		115		108,100
5.00%, 04/15/29 (Call 04/15/25)^(b)		110		109,175
5.13%, 12/01/24 (Call 09/01/24)^(b)		125		127,187
5.50%, 09/15/25 (Call 06/15/25)^(b)		75		76,687
6.88%, 07/15/33^(b)		110		120,507
Silgan Holdings Inc., 4.13%, 02/01/28 (Call 10/01/22)		135		125,887
TriMas Corp., 4.13%, 04/15/29 (Call 04/15/24)^(b)		75		66,938


				3,611,778

Pharmaceuticals — 1.7%
180 Medical Inc., 3.88%, 10/15/29 (Call 10/07/24)^(b)		135		120,150
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 06/01/24)^(b)		425		377,081
5.50%, 11/01/25 (Call 11/01/22)^(b)		380		367,650
5.75%, 08/15/27 (Call 08/15/22)^(b)		175		163,625
6.13%, 02/01/27 (Call 02/01/24)^(b)		240		230,426
Elanco Animal Health Inc., 6.40%, 08/28/28 (Call 05/28/28)		175		179,594
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)^(a)(b)		375		345,469
Organon & Co./Organon Foreign Debt Co-Issuer BV, 4.13%, 04/30/28 (Call 04/30/24)^(a)(b)		525		488,407
Perrigo Finance Unlimited Co.
3.90%, 12/15/24 (Call 09/15/24)		50		49,194
3.90%, 06/15/30 (Call 03/15/30)		300		269,073
4.38%, 03/15/26 (Call 12/15/25)		200		193,218
4.90%, 12/15/44 (Call 06/15/44)		50		39,941


				2,823,828

Pipelines — 7.8%
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)^(a)(b)		125		117,165
5.75%, 03/01/27 (Call 03/01/23)^(b)		300		292,119
5.75%, 01/15/28 (Call 01/15/23)^(b)		125		121,539
7.88%, 05/15/26 (Call 05/15/23)^(b)		75		78,449
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)		195		184,275


Security	Par (000)		Value

Pipelines (continued)
4.13%, 03/01/25 (Call 02/01/25)^(b)	$	145	$	139,010
4.13%, 12/01/27 (Call 09/01/27)		50		46,125
4.35%, 10/15/24 (Call 07/15/24)		50		49,250
4.50%, 03/01/28 (Call 12/01/27)^(b)		60		54,750
5.60%, 10/15/44 (Call 04/15/44)		160		128,400
5.85%, 11/15/43 (Call 05/15/43)		75		59,813
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 10/15/23)^(a)		482		466,335
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)^(b)		330		282,150
4.00%, 03/01/31 (Call 03/01/26)		350		316,787
4.50%, 10/01/29 (Call 10/01/24)		425		406,937
CNX Midstream Partners LP, 4.75%, 04/15/30 (Call 04/15/25)^(b)		75		69,000
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 05/01/22)^(b)		175		170,406
5.75%, 04/01/25 (Call 04/01/23)		125		123,509
6.00%, 02/01/29 (Call 02/01/24)^(a)(b)		225		218,848
DCP Midstream Operating LP
3.25%, 02/15/32 (Call 08/15/31)		75		63,601
3.88%, 03/15/23 (Call 12/15/22)		50		49,827
5.13%, 05/15/29 (Call 02/15/29)		125		122,935
5.38%, 07/15/25 (Call 04/15/25)		175		175,875
5.60%, 04/01/44 (Call 10/01/43)		125		119,498
5.63%, 07/15/27 (Call 04/15/27)		135		136,974
5.85%, 05/21/43 (Call 05/21/23)^(b)(d)		170		154,508
6.45%, 11/03/36^(a)(b)		75		83,857
6.75%, 09/15/37^(b)		75		84,226
8.13%, 08/16/30		100		117,500
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)^(b)		285		259,350
4.38%, 06/15/31 (Call 06/15/26)^(b)		245		219,491
EnLink Midstream LLC
5.38%, 06/01/29 (Call 03/01/29)		125		121,666
5.63%, 01/15/28 (Call 07/15/27)^(b)		125		123,862
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)		175		170,187
4.40%, 04/01/24 (Call 01/01/24)		110		108,614
4.85%, 07/15/26 (Call 04/15/26)		110		106,975
5.05%, 04/01/45 (Call 10/01/44)		125		96,239
5.45%, 06/01/47 (Call 12/01/46)		110		89,100
5.60%, 04/01/44 (Call 10/01/43)		90		74,257
EQM Midstream Partners LP
4.00%, 08/01/24 (Call 05/01/24)		125		120,858
4.13%, 12/01/26 (Call 09/01/26)		125		116,094
4.50%, 01/15/29 (Call 07/15/28)^(b)		125		112,528
4.75%, 07/15/23 (Call 06/15/23)		55		54,381
4.75%, 01/15/31 (Call 07/15/30)^(a)(b)		240		213,984
5.50%, 07/15/28 (Call 04/15/28)		135		128,925
6.00%, 07/01/25 (Call 04/01/25)^(b)		175		173,434
6.50%, 07/01/27 (Call 01/01/27)^(b)		300		303,000
6.50%, 07/15/48 (Call 01/15/48)		185		170,200
Harvest Midstream I LP, 7.50%, 09/01/28 (Call 09/01/23)^(b)		175		177,565
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)^(b)		195		178,872
5.13%, 06/15/28 (Call 06/15/23)^(a)(b)		124		119,970
5.50%, 10/15/30 (Call 10/15/25)^(b)		115		113,308
5.63%, 02/15/26 (Call 02/15/23)^(b)		175		175,000


Security	Par (000)		Value

Pipelines (continued)
Holly Energy Partners LP/Holly Energy Finance Corp.
5.00%, 02/01/28 (Call 02/01/23)^(b)	$	125	$	118,926
6.38%, 04/15/27 (Call 04/15/24)		115		117,300
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 03/31/23)^(b)		385		372,611
6.75%, 09/15/25 (Call 09/15/22)^(b)		300		294,942
Northriver Midstream Finance LP, 5.63%, 02/15/26 (Call 10/15/22)^(b)		110		107,250
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)		135		129,457
5.75%, 10/01/25 (Call 07/01/25)		125		124,375
6.00%, 06/01/26 (Call 03/01/26)		125		124,705
6.38%, 10/01/30 (Call 04/01/30)		170		167,373
Rattler Midstream LP, 5.63%, 07/15/25 (Call 07/15/22)^(b)		75		75,098
Rockies Express Pipeline LLC
3.60%, 05/15/25 (Call 04/15/25)^(a)(b)		75		71,228
4.80%, 05/15/30 (Call 02/15/30)^(b)		125		114,493
4.95%, 07/15/29 (Call 04/15/29)^(b)		110		102,963
6.88%, 04/15/40^(b)		125		118,750
7.50%, 07/15/38^(b)		70		69,090
Southeast Supply Header LLC, 4.25%, 06/15/24 (Call 03/15/24)^(b)		125		123,416
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 01/15/28 (Call 01/15/23)^(b)		200		186,432
6.00%, 03/01/27 (Call 03/01/23)^(b)		100		96,000
6.00%, 12/31/30 (Call 12/31/25)^(b)		190		175,750
6.00%, 09/01/31 (Call 09/01/26)^(b)		100		91,250
7.50%, 10/01/25 (Call 10/01/22)^(b)		155		158,181
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)^(b)		245		213,162
3.88%, 08/15/29 (Call 02/15/29)^(b)		300		273,750
4.13%, 08/15/31 (Call 02/15/31)^(b)		385		349,387
Western Midstream Operating LP
3.60%, 02/01/25 (Call 01/01/25)		185		176,917
3.95%, 06/01/25 (Call 03/01/25)		80		77,162
4.50%, 03/01/28 (Call 12/01/27)		125		119,186
4.55%, 02/01/30 (Call 11/01/29)		200		183,738
4.65%, 07/01/26 (Call 04/01/26)		75		73,969
4.75%, 08/15/28 (Call 05/15/28)		75		73,031
5.30%, 03/01/48 (Call 09/01/47)		180		156,150
5.45%, 04/01/44 (Call 10/01/43)		200		182,500
5.50%, 08/15/48 (Call 02/15/48)		125		111,250
5.75%, 02/01/50 (Call 08/01/49)		225		198,261


				13,089,581

Real Estate — 0.8%
Cushman & Wakefield US Borrower LLC, 6.75%, 05/15/28 (Call 05/18/23)^(b)		125		127,503
Greystar Real Estate Partners LLC, 5.75%, 12/01/25 (Call 12/01/22)^(b)		125		125,544
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)^(b)		155		139,559
4.38%, 02/01/31 (Call 02/01/26)^(a)(b)		150		133,413
5.38%, 08/01/28 (Call 08/01/23)^(b)		190		184,161
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)		140		129,139
4.75%, 02/01/30 (Call 09/01/24)		130		117,325
5.00%, 03/01/31 (Call 03/01/26)		175		157,943
Newmark Group Inc., 6.13%, 11/15/23 (Call 10/15/23)		175		178,360


				1,292,947


Security	Par (000)		Value

Real Estate Investment Trusts — 3.7%
American Finance Trust Inc./American Finance Operating Partner LP, 4.50%, 09/30/28 (Call 06/30/28)^(b)	$	115	$	97,916
Apollo Commercial Real Estate Finance Inc., 4.63%, 06/15/29 (Call 06/15/24)^(b)		110		95,700
Blackstone Mortgage Trust Inc., 3.75%, 01/15/27 (Call 10/15/26)^(b)		115		104,937
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL
4.50%, 04/01/27 (Call 10/01/23)^(b)		195		176,555
5.75%, 05/15/26 (Call 05/15/22)^(b)		225		217,829
CTR Partnership LP/CareTrust Capital Corp., 3.88%, 06/30/28 (Call 03/30/28)^(a)(b)		110		99,550
Global Net Lease Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27 (Call 09/15/27)^(b)		125		112,214
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/26 (Call 03/15/26)^(b)		235		215,855
3.75%, 09/15/30^(b)		110		94,875
6.00%, 04/15/25 (Call 04/15/23)^(a)(b)		75		76,125
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)^(b)		285		244,208
4.88%, 09/15/27 (Call 09/15/22)^(b)		250		238,750
4.88%, 09/15/29 (Call 09/15/24)^(b)		310		283,974
5.00%, 07/15/28 (Call 07/15/23)^(b)		75		71,050
5.25%, 03/15/28 (Call 12/27/22)^(b)		125		119,066
5.25%, 07/15/30 (Call 07/15/25)^(b)		300		274,962
5.63%, 07/15/32 (Call 07/15/26)^(b)		125		113,027
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)^(b)		255		224,701
iStar Inc.
4.25%, 08/01/25 (Call 05/01/25)^(a)		190		181,095
4.75%, 10/01/24 (Call 07/01/24)		120		116,700
5.50%, 02/15/26 (Call 08/15/22)^(a)		75		73,003
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/23)^(b)		175		160,860
4.75%, 06/15/29 (Call 06/15/24)^(b)		170		152,504
5.25%, 10/01/25 (Call 10/01/22)^(b)		80		78,600
MPT Operating Partnership LP/MPT Finance Corp.
3.50%, 03/15/31 (Call 03/15/26)		310		263,302
4.63%, 08/01/29 (Call 08/01/24)		275		254,108
5.00%, 10/15/27 (Call 09/07/22)^(a)		310		297,448
5.25%, 08/01/26 (Call 08/01/22)		80		80,121
RLJ Lodging Trust LP
3.75%, 07/01/26 (Call 07/01/23)^(b)		50		46,250
4.00%, 09/15/29 (Call 09/15/24)^(b)		225		200,864
Service Properties Trust
5.50%, 12/15/27 (Call 09/15/27)		165		150,150
7.50%, 09/15/25 (Call 06/15/25)		175		174,673
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)^(b)		115		104,937
3.75%, 12/31/24 (Call 09/30/24)^(a)(b)		95		91,419
4.38%, 01/15/27 (Call 07/15/26)^(b)		125		116,611
4.75%, 03/15/25 (Call 09/15/24)		125		123,338
5.50%, 11/01/23 (Call 08/01/23)^(b)		75		75,562
VICI Properties LP/VICI Note Co. Inc.
3.88%, 02/15/29 (Call 11/15/28)^(b)		100		94,827
4.50%, 09/01/26 (Call 06/01/26)^(b)		100		99,430
4.50%, 01/15/28 (Call 10/15/27)		50		49,534
4.63%, 06/15/25 (Call 03/15/25)^(b)		125		124,375
5.63%, 05/01/24 (Call 02/04/24)^(b)		150		151,500


Security	Par (000)		Value

Real Estate Investment Trusts (continued)
5.75%, 02/01/27 (Call 11/01/26)^(b)	$	110	$	113,768


				6,236,273

Retail — 4.4%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)^(b)		195		172,192
3.88%, 01/15/28 (Call 09/15/22)^(b)		385		354,200
5.75%, 04/15/25 (Call 04/15/23)^(b)		125		127,678
Abercrombie & Fitch Management Co., 8.75%, 07/15/25 (Call 07/15/22)^(b)		65		67,941
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/23)		110		102,575
4.63%, 11/15/29 (Call 11/15/24)^(a)(b)		200		180,026
4.75%, 03/01/30 (Call 03/01/25)		100		89,622
5.00%, 02/15/32 (Call 11/15/26)^(a)(b)		145		128,687
Bath & Body Works Inc.
5.25%, 02/01/28		125		120,000
6.63%, 10/01/30 (Call 10/01/25)^(b)		250		248,651
6.69%, 01/15/27		75		77,256
6.75%, 07/01/36		185		179,450
6.88%, 11/01/35		240		234,478
7.50%, 06/15/29 (Call 06/15/24)^(a)		125		129,227
9.38%, 07/01/25^(b)		60		67,500
Beacon Roofing Supply Inc., 4.50%, 11/15/26 (Call 11/15/22)^(b)		50		48,675
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/23)^(b)		75		68,250
5.63%, 01/01/30 (Call 01/01/25)^(b)		190		176,700
Foot Locker Inc., 4.00%, 10/01/29 (Call 10/01/24)^(b)		75		62,438
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)^(a)(b)		200		162,681
3.88%, 10/01/31 (Call 10/01/26)^(a)(b)		185		147,482
Group 1 Automotive Inc., 4.00%, 08/15/28 (Call 08/15/23)^(b)		195		175,447
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 06/01/22)^(b)		185		184,537
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)^(a)(b)		175		158,020
4.38%, 01/15/31 (Call 10/15/25)^(b)		110		100,925
4.63%, 12/15/27 (Call 12/15/22)^(a)(b)		125		119,062
Macy’s Retail Holdings LLC
4.30%, 02/15/43 (Call 08/15/42)		135		92,813
4.50%, 12/15/34 (Call 06/15/34)		75		58,493
5.13%, 01/15/42 (Call 07/15/41)		75		55,688
5.88%, 04/01/29 (Call 04/01/24)^(a)(b)		100		94,862
5.88%, 03/15/30 (Call 03/15/25)^(b)		60		56,301
6.13%, 03/15/32 (Call 03/15/27)^(b)		65		60,125
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)^(a)(b)		110		96,621
4.75%, 09/15/29 (Call 09/15/24)		125		118,438
5.63%, 05/01/27 (Call 05/01/22)^(a)		60		59,175
Nordstrom Inc.
2.30%, 04/08/24 (Call 05/16/22)		75		71,813
4.00%, 03/15/27 (Call 12/15/26)^(a)		75		69,506
4.25%, 08/01/31 (Call 05/01/31)		125		105,948
4.38%, 04/01/30 (Call 01/01/30)^(a)		125		108,784
5.00%, 01/15/44 (Call 07/15/43)^(a)		210		174,069
6.95%, 03/15/28		100		102,118
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/22)		150		144,750
3.75%, 06/15/29 (Call 06/15/24)		125		106,601


Security	Par (000)		Value

Retail (continued)
QVC Inc.
4.38%, 09/01/28 (Call 06/01/28)^(a)	$	120	$	101,965
4.45%, 02/15/25 (Call 11/15/24)		140		135,787
4.75%, 02/15/27 (Call 11/15/26)		135		120,824
4.85%, 04/01/24		150		149,145
5.45%, 08/15/34 (Call 02/15/34)^(a)		195		156,244
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)^(b)		177		152,266
4.88%, 11/15/31 (Call 11/15/26)^(b)		121		103,289
Superior Plus LP/Superior General Partner Inc., 4.50%, 03/15/29 (Call 03/15/24)^(b)		135		123,356
Vivo Energy Investments BV, 5.13%, 09/24/27 (Call 09/24/23)^(b)		50		48,625
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)		190		163,260
3.88%, 11/01/23 (Call 08/01/23)		75		75,630
4.63%, 01/31/32 (Call 10/01/26)		265		240,819
4.75%, 01/15/30 (Call 10/15/29)^(b)		250		237,812
5.35%, 11/01/43 (Call 05/01/43)		50		45,750
5.38%, 04/01/32 (Call 04/01/27)		240		229,354
6.88%, 11/15/37		125		132,187


				7,476,118

Semiconductors — 0.5%
Amkor Technology Inc., 6.63%, 09/15/27 (Call 03/15/23)^(b)		175		178,062
ams-OSRAM AG, 7.00%, 07/31/25 (Call 07/31/22)^(b)		175		177,137
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)^(a)(b)		120		105,566
4.38%, 04/15/28 (Call 04/15/23)^(a)(b)		75		69,563
ON Semiconductor Corp., 3.88%, 09/01/28 (Call 09/01/23)^(a)(b)		175		162,348
Synaptics Inc., 4.00%, 06/15/29 (Call 06/15/24)^(b)		125		110,203


				802,879

Software — 1.9%
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)^(a)(b)		250		231,862
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)		75		75,375
5.00%, 10/15/24 (Call 07/15/24)		50		51,438
5.25%, 05/15/29 (Call 05/15/24)^(b)		50		50,395
Fair Isaac Corp.
4.00%, 06/15/28 (Call 12/15/22)^(b)		255		232,973
5.25%, 05/15/26 (Call 02/15/26)^(b)		75		75,375
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)^(b)		230		194,350
3.63%, 09/01/30 (Call 03/01/25)^(b)		310		273,389
3.63%, 11/01/31 (Call 11/01/26)^(b)		75		65,813
3.88%, 02/15/31 (Call 06/01/25)^(b)		250		225,625
4.00%, 11/15/29 (Call 11/15/24)^(b)		185		170,394
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/23)^(b)		175		159,387
3.88%, 12/01/29 (Call 12/01/24)^(b)		210		186,619
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)^(b)		175		155,313
4.13%, 12/01/31 (Call 12/01/26)^(b)		218		188,969
PTC Inc.
3.63%, 02/15/25 (Call 02/15/23)^(b)		175		169,531
4.00%, 02/15/28 (Call 02/15/23)^(b)		110		101,949
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)^(b)		255		219,300


Security	Par (000)		Value


Software (continued)
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)	$	125	$	110,305
3.88%, 03/15/31 (Call 03/15/26)		130		111,731
Ziff Davis Inc., 4.63%, 10/15/30 (Call 10/15/25)^(b)		125		111,461


				3,161,554

Telecommunications — 8.3%
British Telecommunications PLC
4.25%, 11/23/81 (Call 11/23/26)^(a)(b)(d)		160		149,208
4.88%, 11/23/81 (Call 08/23/31)^(b)(d)		75		68,813
Ciena Corp., 4.00%, 01/31/30 (Call 01/31/25)^(b)		125		113,985
Embarq Corp., 8.00%, 06/01/36		345		310,500
Hughes Satellite Systems Corp., 5.25%, 08/01/26		185		179,912
Koninklijke KPN NV, 7.00%, 03/28/73^(b)(d)		0		—
Level 3 Financing Inc.
3.63%, 01/15/29 (Call 01/15/24)^(b)		255		206,948
3.75%, 07/15/29 (Call 01/15/24)^(b)		250		203,125
4.25%, 07/01/28 (Call 07/01/23)^(b)		310		261,950
4.63%, 09/15/27 (Call 09/15/22)^(b)		250		224,687
5.25%, 03/15/26 (Call 03/15/23)		200		194,510
5.38%, 05/01/25 (Call 05/01/22)		125		123,912
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 02/15/23)^(b)		365		324,591
4.50%, 01/15/29 (Call 01/15/24)^(b)		235		185,685
5.13%, 12/15/26 (Call 12/15/22)^(a)(b)		300		270,000
5.38%, 06/15/29 (Call 06/15/24)^(b)		230		187,291
5.63%, 04/01/25 (Call 01/01/25)		125		121,875
Series G, 6.88%, 01/15/28		75		71,438
Series P, 7.60%, 09/15/39^(a)		125		109,095
Series U, 7.65%, 03/15/42		125		111,888
Series W, 6.75%, 12/01/23		175		177,844
Series Y, 7.50%, 04/01/24 (Call 01/01/24)		253		259,831
Millicom International Cellular SA
4.50%, 04/27/31 (Call 04/27/26)^(b)		200		173,105
5.13%, 01/15/28 (Call 09/15/22)^(b)		113		106,031
6.25%, 03/25/29 (Call 04/25/24)^(b)		180		178,316
Nokia OYJ
4.38%, 06/12/27		135		130,950
6.63%, 05/15/39		110		127,017
Sprint Capital Corp.
6.88%, 11/15/28^(a)		550		603,674
8.75%, 03/15/32		430		546,455
Sprint Corp.
7.13%, 06/15/24		550		578,875
7.63%, 02/15/25 (Call 11/15/24)		265		281,894
7.63%, 03/01/26 (Call 11/01/25)		305		331,285
7.88%, 09/15/23		885		929,250
Switch Ltd.
3.75%, 09/15/28 (Call 09/15/23)^(a)(b)		125		117,188
4.13%, 06/15/29 (Call 06/15/24)^(a)(b)		125		119,375
Telecom Italia Capital SA
6.00%, 09/30/34		335		286,515
6.38%, 11/15/33		270		235,912
7.20%, 07/18/36		225		202,964
7.72%, 06/04/38		185		173,669
Telecom Italia SpA/Milano, 5.30%, 05/30/24^(b)		400		392,500
T-Mobile USA Inc.
2.25%, 02/15/26 (Call 02/15/23)		235		216,200
2.25%, 02/15/26 (Call 02/15/23)^(b)		185		170,200
2.63%, 04/15/26 (Call 04/15/23)		375		347,812
2.63%, 02/15/29 (Call 02/15/24)		235		203,148


Security	Par/ Shares (000)		Value


Telecommunications (continued)
2.88%, 02/15/31 (Call 02/15/26)	$	265	$	224,945
3.38%, 04/15/29 (Call 04/15/24)		365		330,201
3.38%, 04/15/29 (Call 04/15/24)^(b)		195		176,409
3.50%, 04/15/31 (Call 04/15/26)^(a)		343		304,011
3.50%, 04/15/31 (Call 04/15/26)^(b)		195		172,834
4.75%, 02/01/28 (Call 02/01/23)^(a)		400		394,658
5.38%, 04/15/27 (Call 04/15/23)		100		102,000
United States Cellular Corp., 6.70%, 12/15/33		165		170,442
ViaSat Inc., 5.63%, 04/15/27 (Call 04/15/23)^(b)		125		115,938
Viavi Solutions Inc., 3.75%, 10/01/29 (Call 10/01/24)^(b)		75		67,480
Vmed O2 UK Financing I PLC
4.25%, 01/31/31 (Call 01/31/26)^(b)		300		253,596
4.75%, 07/15/31 (Call 07/15/26)^(b)		385		330,137
Vodafone Group PLC
3.25%, 06/04/81 (Call 06/04/26)^(d)		150		135,000
4.13%, 06/04/81 (Call 04/04/31)^(d)		250		216,017
5.13%, 06/04/81 (Call 12/04/50)^(d)		245		204,673
7.00%, 04/04/79 (Call 01/04/29)^(d)		460		485,774


				13,993,538

Toys, Games & Hobbies — 0.3%
Mattel Inc.
3.38%, 04/01/26 (Call 04/01/23)^(b)		155		150,737
3.75%, 04/01/29 (Call 04/01/24)^(a)(b)		115		109,538
5.45%, 11/01/41 (Call 05/01/41)^(a)		75		75,281
5.88%, 12/15/27 (Call 12/15/22)^(a)(b)		100		102,300
6.20%, 10/01/40^(a)		100		103,750


				541,606

Transportation — 0.2%
Cargo Aircraft Management Inc., 4.75%, 02/01/28 (Call 02/01/23)^(b)		175		164,519
First Student Bidco Inc./First Transit Parent Inc., 4.00%, 07/31/29 (Call 07/31/24)^(a)(b)		210		187,950


				352,469

Trucking & Leasing — 0.1%
AerCap Global Aviation Trust, 6.50%, 06/15/45 (Call 06/15/25)^(b)(d)		150		145,500


Total Corporate Bonds & Notes — 97.1% (Cost: $170,735,661)				163,145,616


Short-Term Investments

Money Market Funds — 10.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.38%^(f)(g)(h)		14,918		14,918,183
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.34%^(f)(g)		2,060		2,060,000


				16,978,183


Total Short-Term Investments — 10.1% (Cost: $16,978,350)				16,978,183


Total Investments in Securities — 107.2% (Cost: $187,714,011)				180,123,799

Other Assets, Less Liabilities — (7.2)%				(12,121,458	)


Net Assets — 100.0%			$	168,002,341

^(a)	All or a portion of this security is on loan.


Security	Par (000)		Value

Convertible Bonds

Airlines — 2.7%
American Airlines Group Inc., 6.50%, 07/01/25	$	6,445	$	9,032,023
Copa Holdings SA, 4.50%, 04/15/25		2,150		3,501,103
GOL Equity Finance SA, 3.75%, 07/15/24^(a)		3,000		2,380,110
JetBlue Airways Corp., 0.50%, 04/01/26^(a)		5,425		4,437,759
Southwest Airlines Co., 1.25%, 05/01/25		13,905		18,994,091
Spirit Airlines Inc., 1.00%, 05/15/26		3,500		3,193,155


				41,538,241

Auto Manufacturers — 2.9%
Arrival SA, 3.50%, 12/01/26^(a)		2,200		1,185,536
Fisker Inc., 2.50%, 09/15/26^(a)		4,775		3,515,976
Ford Motor Co., 0.00% 03/15/26^(b)		15,315		16,348,916
Li Auto Inc., 0.25%, 02/15/26		5,875		6,233,434
Lucid Group Inc., 1.25%, 12/15/26^(a)		13,575		9,449,557
NIO Inc.
0.00%, 02/01/26^(b)		5,075		4,253,611
0.50%, 02/01/27		4,975		3,932,588


				44,919,618

Auto Parts & Equipment — 0.4%
Luminar Technologies Inc., 1.25%, 12/15/26^(a)		4,575		4,025,131
Meritor Inc., 3.25%, 10/15/37 (Call 10/15/25)		2,096		2,302,749


				6,327,880

Banks — 0.7%
Barclays Bank PLC, Series VUN, 0.00% 02/18/25^(b)		1,375		1,510,479
BofA Finance LLC
0.13%, 09/01/22		2,075		2,063,981
0.25%, 05/01/23		1,260		1,336,419
Deutsche Bank AG/London, 1.00%, 05/01/23		1,545		1,631,072
JPMorgan Chase Bank N.A., 0.13%, 01/01/23^(a)		3,700		3,634,214


				10,176,165

Biotechnology — 4.1%
BioMarin Pharmaceutical Inc.
0.60%, 08/01/24		3,445		3,499,397
1.25%, 05/15/27		4,278		4,415,837
Bridgebio Pharma Inc.
2.25%, 02/01/29		4,375		2,160,769
2.50%, 03/15/27		4,320		2,584,354
Esperion Therapeutics Inc., 4.00%, 11/15/25		1,800		971,964
Global Blood Therapeutics Inc., 1.88%, 12/15/28^(a)		2,500		3,018,075
Guardant Health Inc., 0.00% 11/15/27^(b)		7,290		5,849,715
Halozyme Therapeutics Inc., 0.25%, 03/01/27		5,235		4,549,634
Illumina Inc., 0.00% 08/15/23^(b)		5,215		5,371,815
Innoviva Inc., 2.13%, 03/15/28^(a)		1,825		1,724,607
Insmed Inc., 0.75%, 06/01/28		4,000		3,758,720
Intercept Pharmaceuticals Inc., 3.50%, 02/15/26^(a)		3,225		3,410,695
Ionis Pharmaceuticals Inc.
0.00%, 02/15/26^(b)		3,950		3,716,713
0.13%, 12/15/24		3,901		3,511,368
Livongo Health Inc., 0.88%, 06/01/25		3,575		3,044,255
NeoGenomics Inc., 0.25%, 01/15/28		2,350		1,642,815
Novavax Inc., 3.75%, 02/01/23		1,875		1,806,356
PTC Therapeutics Inc., 1.50%, 09/15/26		1,525		1,516,902
Sarepta Therapeutics Inc., 1.50%, 11/15/24		3,550		4,413,395
Travere Therapeutics Inc., 2.25%, 03/01/29		2,000		2,132,900


				63,100,286

Chemicals — 0.2%
Amyris Inc., 1.50%, 11/15/26^(a)		4,375		3,016,256


Security	Par (000)		Value

Coal — 0.2%
Peabody Energy Corp., 3.25%, 03/01/28^(a)	$	2,500	$	3,497,925


Commercial Services — 4.4%
2U Inc., 2.25%, 05/01/25		2,439		1,946,273
Affirm Holdings Inc., 0.00% 11/15/26^(a)(b)		11,025		7,389,175
Alarm.com Holdings Inc, 0.00% 01/15/26^(b)		3,170		2,647,108
Block Inc
0.13%, 03/01/25		6,651		7,464,484
0.50%, 05/15/23		3,180		4,521,547
Block Inc.
0.00%, 05/01/26^(b)		4,225		3,673,342
0.25%, 11/01/27		4,154		3,435,316
Chegg Inc.
0.00%, 09/01/26^(b)		6,705		5,172,907
0.13%, 03/15/25		4,856		4,337,671
Euronet Worldwide Inc., 0.75%, 03/15/49 (Call 03/20/25)		3,439		3,844,699
FTI Consulting Inc., 2.00%, 08/15/23		2,229		3,538,671
Marathon Digital Holdings Inc., 1.00%, 12/01/26^(a)		4,800		2,865,360
Repay Holdings Corp., 0.00% 02/01/26^(a)(b)		2,955		2,408,414
Sabre GLBL Inc., 4.00%, 04/15/25		2,038		3,142,922
Shift4 Payments Inc.
0.00%, 12/15/25^(b)		4,385		4,253,932
0.50%, 08/01/27^(a)		4,400		3,605,008
Stride Inc., 1.13%, 09/01/27		2,867		2,926,204


				67,173,033

Computers — 4.3%
3D Systems Corp., 0.00% 11/15/26^(a)(b)		2,675		1,999,108
CyberArk Software Ltd., 0.00% 11/15/24^(b)		3,950		4,700,895
Insight Enterprises Inc., 0.75%, 02/15/25		2,526		3,802,413
KBR Inc., 2.50%, 11/01/23		2,190		4,305,124
Lumentum Holdings Inc.
0.25%, 03/15/24		2,810		3,989,582
0.50%, 12/15/26		7,239		7,584,083
0.50%, 06/15/28^(a)		6,025		5,379,481
PAR Technology Corp., 1.25%, 10/15/27		1,800		1,454,580
Parsons Corp., 0.25%, 08/15/25		2,790		2,892,449
Pure Storage Inc., 0.13%, 04/15/23		3,845		4,747,498
Rapid7 Inc., 0.25%, 03/15/27		4,200		4,709,880
Varonis Systems Inc., 1.25%, 08/15/25		1,630		2,522,539
Western Digital Corp., 1.50%, 02/01/24		7,390		7,088,784
Zscaler Inc., 0.13%, 07/01/25		7,457		11,115,404


				66,291,820

Cosmetics & Personal Care — 0.3%
Beauty Health Co. (The), 1.25%, 10/01/26^(a)		4,625		3,907,154


Diversified Financial Services — 1.6%
Coinbase Global Inc., 0.50%, 06/01/26^(a)		9,200		7,358,344
JPMorgan Chase Financial Co. LLC, 0.25%, 05/01/23^(a)		3,225		3,428,788
LendingTree Inc., 0.50%, 07/15/25		3,811		3,042,474
PRA Group Inc., 3.50%, 06/01/23		2,025		2,171,954
SoFi Technologies Inc., 0.00% 10/15/26^(a)(b)		7,543		5,110,684
Upstart Holdings Inc., 0.25%, 08/15/26^(a)		4,725		3,645,527


				24,757,771

Electric — 0.3%
NRG Energy Inc., 2.75%, 06/01/48 (Call 06/01/25)		3,837		4,056,476


Electronics — 0.7%
II-VI Inc., 0.25%, 09/01/22		2,484		3,269,043
Itron Inc., 0.00% 03/15/26^(b)		3,225		2,656,658
OSI Systems Inc., 1.25%, 09/01/22		1,594		1,591,593


Security	Par (000)		Value

Electronics (continued)
Vishay Intertechnology Inc., 2.25%, 06/15/25	$	2,784	$	2,729,991


				10,247,285

Energy - Alternate Sources — 2.1%
Array Technologies Inc., 1.00%, 12/01/28^(a)		3,000		1,921,410
Enphase Energy Inc.
0.00%, 03/01/26^(b)		4,375		4,106,987
0.00%, 03/01/28^(b)		4,115		3,895,300
NextEra Energy Partners LP
0.00%, 06/15/24^(a)(b)		3,175		2,952,909
0.00%, 11/15/25^(a)(b)		4,345		4,217,083
SolarEdge Technologies Inc., 0.00% 09/15/25^(b)		3,960		4,614,944
Stem Inc., 0.50%, 12/01/28^(a)		2,950		1,890,390
Sunnova Energy International Inc., 0.25%, 12/01/26^(a)		4,350		3,403,266
SunPower Corp., 4.00%, 01/15/23		2,850		3,016,526
Sunrun Inc., 0.00% 02/01/26^(b)(c)		2,475		1,892,261


				31,911,076

Entertainment — 2.0%
Cinemark Holdings Inc., 4.50%, 08/15/25		3,115		4,294,775
DraftKings Inc., 0.00% 03/15/28^(b)		8,425		5,562,943
Live Nation Entertainment Inc.
2.00%, 02/15/25		2,738		3,287,298
2.50%, 03/15/23		3,490		5,544,179
Marriott Vacations Worldwide Corp., 0.00% 01/15/26^(b)		3,755		3,995,282
Penn National Gaming Inc., 2.75%, 05/15/26		2,139		3,738,908
Vail Resorts Inc., 0.00% 01/01/26^(b)		3,850		3,648,068


				30,071,453

Food — 0.3%
Beyond Meat Inc., 0.00% 03/15/27^(b)		7,850		4,213,017


Health Care - Products — 4.3%
Alphatec Holdings Inc., 0.75%, 08/01/26^(a)		2,250		2,145,037
CONMED Corp., 2.63%, 02/01/24		2,128		3,321,276
Envista Holdings Corp., 2.38%, 06/01/25		3,351		6,597,348
Exact Sciences Corp.
0.38%, 03/15/27		5,030		4,308,094
0.38%, 03/01/28		7,685		6,172,976
1.00%, 01/15/25		2,300		2,445,866
Glaukos Corp., 2.75%, 06/15/27		2,148		2,632,804
Haemonetics Corp., 0.00% 03/01/26^(b)		3,175		2,513,457
Insulet Corp., 0.38%, 09/01/26		5,365		6,595,141
Integra LifeSciences Holdings Corp., 0.50%, 08/15/25		3,988		4,068,917
LivaNova USA Inc., 3.00%, 12/15/25		1,995		2,913,578
Natera Inc., 2.25%, 05/01/27		1,789		2,203,225
Novocure Ltd., 0.00% 11/01/25^(b)		3,485		3,147,443
NuVasive Inc.
0.38%, 03/15/25		3,216		3,017,348
1.00%, 06/01/23		2,986		2,932,580
Omnicell Inc., 0.25%, 09/15/25		3,593		4,441,990
Repligen Corp., 0.38%, 07/15/24		1,704		2,524,272
SmileDirectClub Inc., 0.00% 02/01/26^(a)(b)		4,625		1,497,066
Tandem Diabetes Care Inc., 1.50%, 05/01/25^(a)		2,000		2,211,820


				65,690,238

Health Care - Services — 0.8%
Accolade Inc., 0.50%, 02/15/26		1,875		1,131,206
Invitae Corp., 2.00%, 09/01/24		2,280		1,907,676
Oak Street Health Inc., 0.00% 03/15/26^(b)		5,725		4,206,272
Teladoc Health Inc., 1.25%, 06/01/27		6,365		4,765,921


				12,011,075


Security	Par (000)		Value

Holding Companies - Diversified — 0.2%
Ares Capital Corp., 4.63%, 03/01/24	$	2,560	$	2,801,024


Home Builders — 0.3%
LCI Industries, 1.13%, 05/15/26		3,475		3,079,684
Winnebago Industries Inc., 1.50%, 04/01/25		1,725		1,850,477


				4,930,161

Internet — 22.3%
Airbnb Inc., 0.00% 03/15/26^(b)		13,100		12,097,719
Booking Holdings Inc., 0.75%, 05/01/25		5,531		7,742,183
Etsy Inc.
0.13%, 10/01/26		4,257		5,612,344
0.13%, 09/01/27		4,548		3,985,185
0.25%, 06/15/28^(a)		6,975		5,561,935
Expedia Group Inc., 0.00% 02/15/26^(b)		6,645		7,898,911
Farfetch Ltd., 3.75%, 05/01/27		2,650		2,900,796
Fiverr International Ltd., 0.00% 11/01/25^(b)		3,114		2,464,638
fuboTV Inc., 3.25%, 02/15/26		3,125		1,847,281
Hello Group Inc., 1.25%, 07/01/25		4,928		4,476,694
iQIYI Inc.
2.00%, 04/01/25		6,805		5,224,062
3.75%, 12/01/23		2,250		2,105,685
4.00%, 12/15/26		5,635		3,714,029
JOYY Inc.
0.75%, 06/15/25		3,505		3,208,442
1.38%, 06/15/26		2,800		2,499,140
Lyft Inc., 1.50%, 05/15/25		4,715		5,298,293
Magnite Inc., 0.25%, 03/15/26		2,275		1,771,179
Mandiant Inc.
0.88%, 06/01/24		3,887		4,259,064
Series B, 1.63%, 06/01/35 (Call 06/21/22)		2,870		2,864,805
Match Group Financeco 2 Inc., 0.88%, 06/15/26^(a)		3,925		4,479,603
Match Group Financeco 3 Inc., 2.00%, 01/15/30^(a)		4,285		5,204,475
MercadoLibre Inc., 2.00%, 08/15/28		2,800		6,490,904
NortonLifeLock Inc., 2.00%, 08/15/22		3,265		4,061,268
Okta Inc.
0.13%, 09/01/25		7,420		7,145,757
0.38%, 06/15/26		7,502		6,830,271
Opendoor Technologies Inc., 0.25%, 08/15/26^(a)		6,750		4,747,748
Palo Alto Networks Inc.
0.38%, 06/01/25		13,113		25,124,901
0.75%, 07/01/23		11,575		24,483,787
Perficient Inc., 0.13%, 11/15/26^(a)		2,550		2,198,636
Pinduoduo Inc., 0.00% 12/01/25^(b)		12,965		11,535,479
Q2 Holdings Inc.
0.13%, 11/15/25		2,375		1,993,124
0.75%, 06/01/26		2,030		1,884,672
RealReal Inc., 1.00%, 03/01/28		1,950		1,215,591
Sea Ltd.
0.25%, 09/15/26		19,250		14,536,637
2.38%, 12/01/25		8,075		9,984,011
Shopify Inc., 0.13%, 11/01/25		5,787		5,044,991
Snap Inc.
0.00%, 05/01/27^(a)(b)		8,000		6,342,880
0.13%, 03/01/28^(a)		9,750		8,565,375
0.25%, 05/01/25		2,123		3,166,306
0.75%, 08/01/26		5,615		8,254,499
Spotify USA Inc., 0.00% 03/15/26^(b)		10,225		8,317,935
TechTarget Inc., 0.00% 12/15/26^(a)(b)		2,825		2,401,222
TripAdvisor Inc., 0.25%, 03/15/26		2,600		2,155,010


Security	Par (000)		Value

Internet (continued)
Twitter Inc.
0.00%, 03/15/26^(b)	$	9,350	$	8,851,364
0.25%, 06/15/24		7,555		8,162,044
Uber Technologies Inc., 0.00% 12/15/25^(b)		7,295		6,293,688
Upwork Inc., 0.25%, 08/15/26^(a)		4,175		3,261,844
Vnet Group Inc, 0.00% 02/01/26^(b)		3,800		3,301,478
Wayfair Inc.
0.63%, 10/01/25		9,910		7,400,094
1.00%, 08/15/26		6,395		5,527,966
1.13%, 11/01/24		4,115		4,057,513
Weibo Corp., 1.25%, 11/15/22		5,841		5,688,375
Wix.com Ltd.
0.00%, 07/01/23^(b)		2,531		2,486,277
0.00%, 08/15/25^(b)		3,697		3,149,548
Zendesk Inc., 0.63%, 06/15/25		7,423		9,399,745
Zillow Group Inc.
0.75%, 09/01/24		4,000		4,502,920
1.38%, 09/01/26		3,215		3,690,595
2.75%, 05/15/25		3,900		3,992,547


				341,463,465

Iron & Steel — 0.6%
Allegheny Technologies Inc., 3.50%, 06/15/25		1,769		3,358,694
United States Steel Corp., 5.00%, 11/01/26		2,305		5,541,612


				8,900,306

Leisure Time — 2.9%
Callaway Golf Co., 2.75%, 05/01/26		1,563		2,261,927
Carnival Corp., 5.75%, 04/01/23		3,450		6,268,339
Liberty TripAdvisor Holdings Inc., 0.50%, 06/30/51 (Call 03/27/25)^(a)		1,850		1,507,140
NCL Corp. Ltd.
1.13%, 02/15/27^(a)		7,750		6,812,715
2.50%, 02/15/27^(a)		3,300		3,005,937
5.38%, 08/01/25		3,155		4,271,302
Peloton Interactive Inc., 0.00% 02/15/26^(b)		6,285		5,110,648
Royal Caribbean Cruises Ltd.
2.88%, 11/15/23		3,590		4,134,136
4.25%, 06/15/23		7,642		9,416,625
Virgin Galactic Holdings Inc, 2.50%, 02/01/27^(a)		2,475		2,000,295


				44,789,064

Lodging — 0.4%
Huazhu Group Ltd.
0.38%, 11/01/22		3,415		3,309,852
3.00%, 05/01/26, (Put 05/01/24)		3,029		3,130,926


				6,440,778

Machinery — 0.7%
Chart Industries Inc., 1.00%, 11/15/24^(a)		1,670		4,865,529
Middleby Corp. (The), 1.00%, 09/01/25		5,057		6,660,271


				11,525,800

Manufacturing — 0.2%
John Bean Technologies Corp., 0.25%, 05/15/26^(a)		2,700		2,552,445


Media — 5.4%
Cable One Inc.
0.00%, 03/15/26^(b)		3,900		3,197,805
1.13%, 03/15/28		1,891		1,560,434
DISH Network Corp.
0.00%, 12/15/25^(b)		13,410		12,251,510
2.38%, 03/15/24		6,835		6,328,732
3.38%, 08/15/26		20,189		17,342,755


Security	Par (000)		Value

Media (continued)
Liberty Broadband Corp.
1.25%, 09/30/50 (Call 10/05/23)^(a)	$	5,325	$	5,003,902
2.75%, 09/30/50 (Call 10/05/23)^(a)		3,873		3,716,724
Liberty Interactive LLC, 1.75%, 09/30/46 (Call 10/05/23)^(a)		2,350		3,095,632
Liberty Latin America Ltd., 2.00%, 07/15/24		2,346		2,113,371
Liberty Media Corp.
0.50%, 12/01/50 (Call 09/01/24)^(a)		6,200		8,083,994
1.38%, 10/15/23		6,470		8,414,429
2.13%, 03/31/48 (Call 04/07/23)^(a)		3,078		2,964,791
2.75%, 12/01/49 (Call 12/01/24)^(a)		3,712		3,549,600
Liberty Media Corp.-Liberty Formula One, 1.00%, 01/30/23		2,743		4,652,018


				82,275,697

Metal Fabricate & Hardware — 0.1%
Xometry Inc., 0.50%, 02/01/27^(a)		2,200		1,914,220


Mining — 0.4%
Lithium Americas Corp., 1.75%, 01/15/27^(a)		1,400		1,289,008
MP Materials Corp., 0.25%, 04/01/26^(a)		4,325		4,811,303


				6,100,311

Oil & Gas — 2.3%
CNX Resources Corp., 2.25%, 05/01/26		2,410		4,177,639
EQT Corp., 1.75%, 05/01/26		3,215		8,764,154
Nabors Industries Inc., 0.75%, 01/15/24		1,850		1,723,312
Pioneer Natural Resources Co., 0.25%, 05/15/25		8,674		19,164,075
Transocean Inc., 4.00%, 12/15/25		1,700		1,875,202


				35,704,382

Pharmaceuticals — 3.8%
Aerie Pharmaceuticals Inc., 1.50%, 10/01/24		1,725		1,517,603
Aphria Inc., 5.25%, 06/01/24^(a)		1,275		1,204,748
Ascendis Pharma A/S, 2.25%, 04/01/28^(a)		4,000		3,724,360
Aurora Cannabis Inc., 5.50%, 02/28/24		800		729,592
Clovis Oncology Inc., 1.25%, 05/01/25		2,025		1,463,569
Dexcom Inc., 0.25%, 11/15/25		7,770		8,163,939
DexCom Inc., 0.75%, 12/01/23		5,154		12,811,916
GSK Finance No. 3 PLC, 0.00% 06/22/23^(a)(b)		1,550		1,493,069
Herbalife Nutrition Ltd., 2.63%, 03/15/24		3,335		3,097,681
Jazz Investments I Ltd.
1.50%, 08/15/24		3,997		4,065,509
2.00%, 06/15/26		6,600		8,068,038
Neurocrine Biosciences Inc., 2.25%, 05/15/24		2,655		3,396,196
Pacira BioSciences Inc., 0.75%, 08/01/25		2,545		3,049,852
Revance Therapeutics Inc., 1.75%, 02/15/27		2,175		1,898,905
Supernus Pharmaceuticals Inc., 0.63%, 04/01/23		2,405		2,337,900
Tilray Inc., 5.00%, 10/01/23		1,800		1,752,300


				58,775,177

Real Estate — 0.6%
Radius Global Infrastructure Inc., 2.50%, 09/15/26^(a)		1,500		1,337,055
Realogy Group LLC / Realogy Co-Issuer Corp., 0.25%, 06/15/26^(a)		2,700		2,082,861
Redfin Corp.
0.00%, 10/15/25^(b)		4,558		3,171,137
0.50%, 02/15/26		3,900		2,393,313


				8,984,366

Real Estate Investment Trusts — 1.8%
Apollo Commercial Real Estate Finance Inc., 4.75%, 08/23/22		2,536		2,494,054
Arbor Realty Trust Inc., 4.75%, 11/01/22		1,875		1,938,769
Blackstone Mortgage Trust Inc.
4.38%, 05/05/22		2,625		2,624,134


Security	Par (000)		Value

Real Estate Investment Trusts (continued)
5.50%, 03/15/27	$	2,225	$	2,151,464
iStar Inc., 3.13%, 09/15/22		1,965		2,425,891
Pebblebrook Hotel Trust, 1.75%, 12/15/26		4,745		5,384,009
PennyMac Corp., 5.50%, 03/15/26		2,360		2,187,319
Starwood Property Trust Inc., 4.38%, 04/01/23 (Call 01/01/23)		1,900		1,867,985
Summit Hotel Properties Inc., 1.50%, 02/15/26		1,650		1,695,721
Two Harbors Investment Corp., 6.25%, 01/15/26		1,600		1,500,944
Uniti Fiber Holdings Inc., 4.00%, 06/15/24^(a)		2,079		2,623,012


				26,893,302

Retail — 2.1%
American Eagle Outfitters Inc., 3.75%, 04/15/25		2,601		4,979,068
Burlington Stores Inc., 2.25%, 04/15/25		3,127		3,780,950
Cheesecake Factory Inc. (The), 0.38%, 06/15/26		2,500		2,152,175
Cracker Barrel Old Country Store Inc., 0.63%, 06/15/26^(a)		2,100		1,857,198
Dick’s Sporting Goods Inc., 3.25%, 04/15/25		3,075		9,228,290
Guess? Inc., 2.00%, 04/15/24		2,000		2,219,540
National Vision Holdings Inc., 2.50%, 05/15/25		2,472		3,402,115
Patrick Industries Inc., 1.75%, 12/01/28^(a)		1,800		1,618,200
Shake Shack Inc., 0.00% 03/01/28^(b)		1,475		1,138,995
Vroom Inc., 0.75%, 07/01/26^(a)		4,400		1,726,648


				32,103,179

Semiconductors — 2.3%
Impinj Inc., 1.13%, 05/15/27^(a)		2,300		1,881,653
MACOM Technology Solutions Holdings Inc., 0.25%, 03/15/26		3,100		2,915,550
Microchip Technology Inc., 0.13%, 11/15/24		4,450		4,775,473
ON Semiconductor Corp., 0.00% 05/01/27^(a)(b)		5,600		6,685,224
Silicon Laboratories Inc., 0.63%, 06/15/25		3,691		4,697,794
SMART Global Holdings Inc., 2.25%, 02/15/26		1,475		1,955,201
Wolfspeed Inc.
0.25%, 02/15/28^(a)		5,300		5,304,611
1.75%, 05/01/26		3,801		7,871,985


				36,087,491

Software — 19.2%
1Life Healthcare Inc., 3.00%, 06/15/25		2,300		1,943,201
8x8 Inc., 0.50%, 02/01/24		3,571		3,214,186
Akamai Technologies Inc.
0.13%, 05/01/25		7,562		9,525,549
0.38%, 09/01/27		7,476		8,271,895
Alteryx Inc.
0.50%, 08/01/24		2,400		2,179,824
1.00%, 08/01/26		2,942		2,525,295
Avalara Inc., 0.25%, 08/01/26^(a)		6,700		5,321,944
Avaya Holdings Corp., 2.25%, 06/15/23		2,421		2,339,122
Bandwidth Inc.
0.25%, 03/01/26		2,680		1,896,743
0.50%, 02/15/26		1,450		915,153
Bentley Systems Inc.
0.13%, 01/15/26		4,275		4,101,178
0.38%, 07/01/27^(a)		3,825		3,253,392
BigCommerce Holdings Inc., 0.25%, 10/01/26^(a)		2,400		1,792,176
Bilibili Inc.
0.50%, 12/01/26^(a)		9,650		6,838,472
1.25%, 06/15/27		5,434		5,611,692
1.38%, 04/01/26		2,990		3,661,046
Bill.com Holdings Inc.
0.00%, 12/01/25^(b)		7,420		9,722,871
0.00%, 04/01/27^(a)(b)		3,850		3,270,613


Security	Par (000)		Value

Software (continued)
Blackline Inc.
0.00%, 03/15/26^(b)	$	7,590	$	6,245,887
0.13%, 08/01/24		1,813		2,050,866
Box Inc., 0.00% 01/15/26^(b)		2,075		2,746,595
Ceridian HCM Holding Inc., 0.25%, 03/15/26		3,975		3,284,701
Cloudflare Inc., 0.00% 08/15/26^(a)(b)		8,275		7,253,286
Confluent Inc., 0.00% 01/15/27^(a)(b)		7,575		5,803,435
Coupa Software Inc.
0.13%, 06/15/25		5,200		4,798,404
0.38%, 06/15/26		8,982		7,299,402
Datadog Inc., 0.13%, 06/15/25		4,779		7,194,450
DigitalOcean Holdings Inc., 0.00% 12/01/26^(a)(b)		9,800		7,344,316
DocuSign Inc, 0.00% 01/15/24^(b)		4,785		4,452,873
Dropbox Inc.
0.00%, 03/01/26^(b)		4,690		4,227,660
0.00%, 03/01/28^(b)		4,445		4,027,214
Envestnet Inc.
0.75%, 08/15/25^(a)		2,760		2,739,079
1.75%, 06/01/23		2,305		2,842,895
Everbridge Inc.
0.00%, 03/15/26^(b)		2,325		2,020,727
0.13%, 12/15/24		2,820		2,556,725
Fastly Inc., 0.00% 03/15/26^(b)		6,325		4,770,062
Five9 Inc., 0.50%, 06/01/25		5,040		5,441,638
Guidewire Software Inc., 1.25%, 03/15/25		2,874		2,903,171
HubSpot Inc., 0.38%, 06/01/25		3,189		4,769,181
Jamf Holding Corp., 0.13%, 09/01/26^(a)		2,375		2,217,158
LivePerson Inc., 0.00% 12/15/26^(b)		3,385		2,681,936
MicroStrategy Inc.
0.00%, 02/15/27^(b)		7,000		4,584,020
0.75%, 12/15/25		4,500		5,019,345
MongoDB Inc., 0.25%, 01/15/26		7,764		13,912,777
New Relic Inc., 0.50%, 05/01/23		3,475		3,419,191
Nutanix Inc., 0.25%, 10/01/27^(a)		4,250		3,409,647
PagerDuty Inc., 1.25%, 07/01/25		1,900		2,023,405
Pegasystems Inc., 0.75%, 03/01/25		4,252		3,947,982
Porch Group Inc., 0.75%, 09/15/26^(a)		2,850		1,641,173
Progress Software Corp., 1.00%, 03/15/26		2,525		2,544,392
RingCentral Inc.
0.00%, 03/01/25^(b)		6,628		5,558,572
0.00%, 03/15/26^(b)		4,421		3,498,426
Sailpoint Technologies Holdings Inc., 0.13%, 09/15/24		2,473		5,602,631
Splunk Inc.
0.50%, 09/15/23		4,893		5,166,910
1.13%, 09/15/25		5,656		6,180,764
1.13%, 06/15/27		8,491		7,656,844
Tabula Rasa HealthCare Inc., 1.75%, 02/15/26		1,853		1,322,375
Tyler Technologies Inc., 0.25%, 03/15/26		4,115		4,156,397
Unity Software Inc., 0.00% 11/15/26^(a)(b)		11,750		9,083,690
Verint Systems Inc., 0.25%, 04/15/26		1,810		1,899,613
Workday Inc., 0.25%, 10/01/22		7,427		10,452,388
Workiva Inc., 1.13%, 08/15/26		2,475		3,514,401
Ziff Davis Inc., 1.75%, 11/01/26^(a)		3,381		3,624,635
Zynga Inc.
0.13%, 12/15/26		5,715		5,679,110
0.25%, 06/01/24		4,491		5,109,815


				295,064,516

Telecommunications — 0.9%
GDS Holdings Ltd., 2.00%, 06/01/25		1,745		1,694,587
Infinera Corp., 2.13%, 09/01/24		2,800		2,952,292


Security	Par/ Shares (000)		Value

Telecommunications (continued)
InterDigital Inc., 2.00%, 06/01/24	$	2,535	$	2,524,531
Nice Ltd., 0.00% 09/15/25^(b)		3,129		3,212,106
Vonage Holdings Corp., 1.75%, 06/01/24		2,375		3,084,840


				13,468,356

Transportation — 0.4%
Air Transport Services Group Inc., 1.13%, 10/15/24		1,749		1,977,542
Atlas Air Worldwide Holdings Inc., 1.88%, 06/01/24		2,150		2,719,771
CryoPort Inc., 0.75%, 12/01/26^(a)		3,000		2,265,030


				6,962,343

Trucking & Leasing — 0.2%
Greenbrier Companies Inc., 2.88%, 03/15/26		2,350		2,403,557


Total Convertible Bonds — 99.4% (Cost: $1,791,475,527)				1,523,046,709


Common Stocks

Media — 0.1%
Gannett Co. Inc.^(d)		400		1,604,000


Total Common Stocks — 0.1% (Cost $2,377,106)				1,604,000


Short-Term Investments

Money Market Funds — 0.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.38%^(e)(f)(g)		360		359,879


Security	Shares (000)		Value

Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.34%^(e)(f)		4,080	$	4,080,000


				4,439,879


Total Short-Term Investments — 0.3% (Cost: $ 4,439,936)				4,439,879


Total Investments in Securities — 99.8% (Cost: $ 1,798,292,569)				1,529,090,588

Other Assets, Less Liabilities — 0.2%				3,527,064


Net Assets — 100.0%			$	1,532,617,652

^(a)	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.

^(b)	Zero-coupon bond.

^(c)	All or a portion of this security is on loan.

^(d)	Non-income producing security.

^(e)	Affiliate of the Fund.

^(f)	Annualized 7-day yield as of period end.

^(g)	All or a portion of this security was purchased with the cash collateral from loaned securities.


Security	Par (000)		Value

Corporate Bonds & Notes

Agriculture — 0.2%
BAT Capital Corp., 1.39%, 08/15/22 (Call 07/15/22), (3 mo. LIBOR US + 0.880%)^(a)(b)	$	20,048	$	20,060,630


Auto Manufacturers — 5.5%
American Honda Finance Corp.
0.63%, 02/22/23, (3 mo. LIBOR US + 0.150%)^(a)(b)		7,245		7,241,015
0.74%, 05/10/23, (3 mo. LIBOR US + 0.370%)^(b)		15,062		15,068,627
0.93%, 11/16/22, (3 mo. LIBOR US + 0.470%)^(a)(b)		6,863		6,871,785
1.03%, 09/08/23, (3 mo. LIBOR US + 0.420%)^(b)		11,785		11,792,425
1.29%, 01/12/24, (3 mo. LIBOR US + 0.280%)^(a)(b)		18,312		18,261,642
1.51%, 06/27/22, (3 mo. LIBOR US + 0.540%)^(a)(b)		5,000		5,001,200
BMW Finance NV, 1.18%, 08/12/22, (3 mo. LIBOR US + 0.790%)^(a)(b)(c)		18,007		18,031,850
BMW U.S. Capital LLC
0.43%, 08/12/24, (SOFR + 0.380%)^(b)(c)		29,342		29,158,906
0.81%, 04/01/24, (SOFR + 0.530%)^(a)(b)(c)		26,675		26,643,257
1.12%, 04/01/25, (SOFR + 0.840%)^(a)(b)(c)		11,425		11,443,508
Daimler Finance North America LLC, 1.15%, 05/04/23, (3 mo. LIBOR US + 0.840%)^(a)(b)(c)		9,814		9,860,911
Daimler Trucks Finance North America LLC
0.78%, 06/14/23, (SOFR + 0.500%)^(a)(b)(c)		10,477		10,452,274
0.88%, 12/14/23, (SOFR + 0.500%)^(a)(b)(c)		12,015		11,982,199
1.03%, 12/13/24, (SOFR + 0.750%)^(b)(c)		5,350		5,310,410
1.61%, 04/05/24, (SOFR + 0.750%)^(b)(c)		16,600		16,604,814
General Motors Financial Co. Inc.
0.91%, 10/15/24, (SOFR + 0.620%)^(b)		12,238		12,039,744
1.01%, 03/08/24, (SOFR + 0.760%)^(b)		25,072		24,915,049
1.27%, 02/26/27, (SOFR + 0.620%)^(a)(b)		1,270		1,235,024
1.40%, 11/17/23, (SOFR + 1.200%)^(b)		34,518		34,565,980
1.92%, 04/07/25, (SOFR + 1.040%)^(b)		20,600		20,539,642
1.95%, 01/05/23, (3 mo. LIBOR US + 0.990%)^(b)		10,292		10,301,263
2.31%, 06/30/22, (3 mo. LIBOR US + 1.310%)^(b)		17,677		17,691,672
Nissan Motor Acceptance Corp.
1.25%, 03/08/24, (3 mo. LIBOR US + 0.640%)^(a)(b)(c)		15,815		15,719,636
1.66%, 09/28/22, (3 mo. LIBOR US + 0.690%)^(b)(c)		11,039		11,026,636
1.67%, 07/13/22, (3 mo. LIBOR US + 0.650%)^(a)(b)(c)		5,690		5,687,383
Toyota Motor Credit Corp.
0.54%, 06/18/24, (SOFR + 0.260%)^(a)(b)		32,629		32,378,409
0.56%, 09/13/24, (SOFR + 0.290%)^(a)(b)		21,665		21,504,246
0.60%, 04/06/23, (SOFR + 0.320%)^(a)(b)		19,754		19,737,209
0.60%, 01/13/25, (SOFR + 0.290%)^(a)(b)		28,604		28,356,003
0.61%, 01/11/24, (SOFR + 0.330%)^(a)(b)		16,091		16,031,624
0.62%, 10/14/22, (SOFR + 0.340%)^(a)(b)		8,097		8,097,729
0.87%, 05/17/22, (3 mo. LIBOR US + 0.400%)^(a)(b)		9,678		9,677,129
0.90%, 03/22/24, (SOFR + 0.320%)^(a)(b)		11,856		11,861,098
1.09%, 09/08/22, (3 mo. LIBOR US + 0.480%)^(a)(b)		19,760		19,772,251


				524,862,550

Banks — 51.7%
ANZ New Zealand Int’l Ltd./London, 0.81%, 02/18/25, (SOFR + 0.600%)^(b)(c)		9,654		9,616,929
ASB Bank Ltd., 1.77%, 06/14/23, (3 mo. LIBOR US + 0.970%)^(a)(b)(c)		10,737		10,801,637
Australia & New Zealand Banking Group Ltd.
0.97%, 11/21/22, (3 mo. LIBOR US + 0.490%)^(a)(b)(c)		19,804		19,820,041
1.19%, 05/19/22, (3 mo. LIBOR US + 0.710%)^(a)(b)(c)		9,519		9,520,142
Banco Santander SA
1.55%, 02/23/23, (3 mo. LIBOR US + 1.090%)^(b)		16,632		16,717,322
2.13%, 04/12/23, (3 mo. LIBOR US + 1.120%)^(b)		16,545		16,638,479


Security	Par (000)		Value

Banks (continued)
Bank of America Corp.
0.97%, 04/22/25 (Call 04/22/24), (SOFR + 0.690%)^(b)	$	24,797	$	24,607,551
1.01%, 10/24/24 (Call 10/24/23), (SOFR + 0.730%)^(b)		24,567		24,505,828
1.09%, 02/05/26 (Call 02/05/25), (3 mo. LIBOR US + 0.770%)^(a)(b)		42,470		42,182,478
1.20%, 02/04/28 (Call 02/04/27), (SOFR + 1.050%)^(a)(b)		14,000		13,723,220
1.37%, 03/05/24 (Call 03/05/23), (3 mo. LIBOR US + 0.790%)^(b)		53,014		53,033,085
1.48%, 04/02/26 (Call 04/02/25), (SOFR + 1.330%)^(b)		19,650		19,675,741
1.59%, 09/15/26, (3 mo. LIBOR US + 0.760%)^(a)(b)		1,050		1,019,981
1.86%, 04/25/25 (Call 04/27/24)^(b)		14,090		14,103,808
2.14%, 07/23/24 (Call 07/23/23), (3 mo. LIBOR US + 0.960%)^(a)(b)		22,796		22,871,683
Series 2025, 0.81%, 02/04/25 (Call 02/04/24), (SOFR + 0.660%)^(a)(b)		25,185		24,978,483
Bank of Montreal
0.53%, 09/15/23, (SOFR + 0.265%)^(a)(b)		22,504		22,380,903
0.55%, 04/14/23, (SOFR + 0.270%)^(b)		13,649		13,601,638
0.60%, 12/08/23, (SOFR + 0.350%)^(a)(b)		17,225		17,089,956
0.60%, 07/09/24, (SOFR + 0.320%)^(a)(b)		16,575		16,429,637
0.75%, 01/10/25, (SOFR + 0.465%)^(a)(b)		17,736		17,552,255
0.89%, 09/15/26, (SOFR + 0.620%)^(a)(b)		31,901		30,950,031
0.94%, 03/10/23, (SOFR + 0.680%)^(b)		52,145		52,189,323
0.96%, 03/08/24, (SOFR + 0.710%)^(b)		7,789		7,785,106
1.38%, 09/11/22, (3 mo. LIBOR US + 0.630%)^(b)		8,399		8,409,667
Bank of New York Mellon Corp., 1.33%, 04/25/25 (Call 03/25/25)^(b)		20,000		19,980,600
Bank of New York Mellon Corp. (The) 0.54%, 04/26/24 (Call 03/26/24), (SOFR + 0.260%)^(b)		11,969		11,915,379
2.29%, 10/30/23 (Call 10/30/22), (3 mo. LIBOR US + 1.050%)^(a)(b)		22,544		22,616,592
Series J, 0.48%, 10/25/24 (Call 09/25/24), (SOFR + 0.200%)^(b)		25,971		25,765,050
Bank of New Zealand, 1.09%, 01/27/27, (SOFR + 0.810%)^(a)(b)(c)		13,250		13,192,230
Bank of Nova Scotia, 1.53%, 04/11/25^(b)		12,500		12,485,000
Bank of Nova Scotia (The) 0.53%, 09/15/23, (SOFR + 0.260%)^(a)(b)		24,018		23,872,691
0.56%, 06/23/23 (Call 06/23/22), (SOFR + 0.280%)^(a)(b)		28,317		28,240,544
0.66%, 07/31/24, (SOFR + 0.380%)^(b)		23,881		23,697,833
0.79%, 03/02/26, (SOFR + 0.545%)^(a)(b)		18,894		18,647,622
0.82%, 09/15/23, (SOFR + 0.550%)^(b)		54,378		54,275,226
0.88%, 09/15/26, (SOFR + 0.610%)^(a)(b)		9,625		9,487,459
1.22%, 03/11/24, (SOFR + 0.960%)^(a)(b)		11,355		11,397,922
1.55%, 09/19/22, (3 mo. LIBOR US + 0.620%)^(a)(b)		12,226		12,238,104
Series FRN, 0.72%, 04/15/24, (SOFR + 0.445%)^(a)(b)		29,927		29,799,511
Bank of Nova Scotia/The, 0.74%, 01/10/25, (SOFR + 0.460%)^(a)(b)		8,775		8,686,460
Banque Federative du Credit Mutuel SA
0.58%, 02/04/25, (SOFR + 0.410%)^(a)(b)(c)		27,191		26,789,117
1.79%, 07/20/22, (3 mo. LIBOR US + 0.730%)^(b)(c)		6,075		6,077,552
2.02%, 07/20/23, (3 mo. LIBOR US + 0.960%)^(b)(c)		9,305		9,364,552
Barclays PLC, 1.84%, 05/16/24 (Call 05/16/23), (3 mo. LIBOR US + 1.380%)^(b)		48,597		48,911,909
BPCE SA
0.86%, 01/14/25, (SOFR + 0.570%)^(b)(c)		19,390		19,250,974
1.40%, 05/31/22, (3 mo. LIBOR US + 0.880%)^(a)(b)		20,232		20,237,867
1.70%, 05/22/22, (3 mo. LIBOR US + 1.220%)^(b)(c)		15,190		15,194,557
2.04%, 09/12/23, (3 mo. LIBOR US + 1.240%)^(b)(c)		17,566		17,703,717


Security	Par (000)		Value

Banks (continued)
Canadian Imperial Bank of Commerce
0.62%, 06/22/23, (SOFR + 0.340%)^(a)(b)	$	32,945	$	32,835,623
0.67%, 12/14/23, (SOFR + 0.400%)^(a)(b)		22,936		22,848,614
0.70%, 10/18/24, (SOFR + 0.420%)^(a)(b)		29,250		28,939,365
1.08%, 03/17/23, (SOFR + 0.800%)^(a)(b)		39,470		39,522,100
1.46%, 09/13/23, (3 mo. LIBOR US + 0.660%)^(a)(b)		10,501		10,521,057
1.56%, 04/07/25^(b)		7,495		7,494,101
1.60%, 06/16/22, (3 mo. LIBOR US + 0.720%)^(b)		11,882		11,885,565
Citigroup Inc.
0.95%, 05/01/25 (Call 05/01/24), (SOFR + 0.669%)^(b)		26,558		26,257,363
0.97%, 01/25/26 (Call 01/25/25), (SOFR + 1.528%)^(b)		20,196		19,758,151
1.43%, 02/24/28 (Call 02/24/27), (SOFR + 1.280%)^(b)		10,000		9,893,200
1.55%, 06/01/24 (Call 06/01/23),
(3 mo. LIBOR US + 1.023%)^(a)(b)		34,444		34,563,521
1.57%, 05/17/24 (Call 05/17/23),
(3 mo. LIBOR US + 1.100%)^(a)(b)		50,435		50,396,165
1.81%, 03/17/26 (Call 03/17/25), (SOFR + 1.280%)^(a)(b)		11,660		11,737,656
1.91%, 10/27/22 (Call 09/27/22),
(3 mo. LIBOR US + 0.690%)^(b)		22,385		22,421,488
1.95%, 09/01/23 (Call 09/01/22),
(3 mo. LIBOR US + 1.430%)^(b)		58,010		58,019,282
2.13%, 07/24/23 (Call 07/24/22),
(3 mo. LIBOR US + 0.950%)^(a)(b)		25,188		25,199,335
2.22%, 07/01/26 (Call 07/01/25),
(3 mo. LIBOR US + 1.250%)^(a)(b)		21,204		21,314,473
Commonwealth Bank of Australia
0.68%, 07/07/25, (SOFR + 0.400%)^(a)(b)(c)		44,981		44,547,383
0.79%, 06/15/26, (SOFR + 0.520%)^(a)(b)(c)		20,111		19,892,192
1.01%, 03/14/25, (SOFR + 0.400%)^(a)(b)(c)		13,758		13,775,335
1.24%, 03/14/27, (SOFR + 0.740%)^(a)(b)(c)		10,500		10,580,010
1.34%, 06/04/24, (3 mo. LIBOR US + 0.820%)^(b)(c)		7,600		7,646,056
1.58%, 03/16/23, (3 mo. LIBOR US + 0.700%)^(a)(b)(c)		4,409		4,424,432
1.63%, 09/18/22, (3 mo. LIBOR US + 0.680%)^(a)(b)(c)		10,573		10,590,234
Cooperatieve Rabobank UA/NY
0.58%, 01/12/24, (SOFR + 0.300%)^(a)(b)		45,535		45,425,716
0.66%, 01/10/25, (SOFR + 0.300%)^(b)		27,315		27,195,633
1.47%, 01/10/23, (3 mo. LIBOR US + 0.480%)^(a)(b)		6,840		6,844,514
Credit Agricole SA/London, 2.20%, 04/24/23, (3 mo. LIBOR US + 1.020%)^(a)(b)(c)		20,689		20,777,963
Credit Suisse AG/New York NY
0.56%, 08/09/23, (SOFR + 0.380%)^(b)		35,775		35,616,874
0.67%, 02/02/24, (SOFR + 0.390%)^(b)		15,145		15,026,263
1.70%, 02/21/25, (SOFR + 0.380%)^(b)		3,750		3,750,338
Credit Suisse Group AG
2.00%, 12/14/23 (Call 12/14/22), (3 mo. LIBOR US + 1.200%)^(a)(b)(c)		37,000		37,091,760
2.04%, 06/12/24 (Call 06/12/23), (3 mo. LIBOR US + 1.240%)^(a)(b)(c)		39,380		39,547,365
Danske Bank A/S, 1.86%, 09/12/23, (3 mo. LIBOR US + 1.060%)^(a)(b)(c)		5,544		5,561,186
DBS Group Holdings Ltd.
0.50%, 11/22/24, (SOFR + 0.300%)^(b)(c)		8,900		8,846,422
1.80%, 07/25/22, (3 mo. LIBOR US + 0.620%)^(b)(c)		4,270		4,272,647
Deutsche Bank AG/New York NY
1.65%, 11/16/22, (3 mo. LIBOR US + 1.190%)^(a)(b)		14,471		14,499,218
1.74%, 02/27/23, (3 mo. LIBOR US + 1.230%)^(b)		10,905		10,950,256
Series E, 0.55%, 11/08/23, (SOFR + 0.500%)^(b)		18,305		18,167,163
DNB Bank ASA
1.11%, 03/28/25 (Call 03/28/24), (3 mo. LIBOR US + 0.390%)^(b)(c)		10,900		10,906,104


Security	Par (000)		Value

Banks (continued)
1.12%, 12/02/22, (3 mo. LIBOR US + 0.620%)^(a)(b)(c)	$	16,440	$	16,466,140
Federation des Caisses Desjardins du Quebec, 0.48%, 05/21/24, (SOFR + 0.430%)^(b)(c)		14,581		14,464,352
Goldman Sachs Group Inc., 0.98%, 01/24/25 (Call 01/24/24), (SOFR + 0.620%)^(b)		16,945		16,794,698
Goldman Sachs Group Inc. (The)
0.74%, 11/17/23 (Call 11/17/22), (SOFR + 0.540%)^(b)		20,441		20,382,539
0.76%, 09/10/24 (Call 09/10/23), (SOFR + 0.500%)^(b)		10,819		10,692,742
0.77%, 10/21/24 (Call 10/21/23), (SOFR + 0.490%)^(a)(b)		22,386		22,240,715
0.83%, 03/08/24 (Call 03/08/23), (SOFR + 0.580%)^(a)(b)		26,171		26,023,919
0.87%, 12/06/23 (Call 12/06/22), (SOFR + 0.620%)^(b)		25,755		25,621,074
1.05%, 12/09/26 (Call 12/09/25), (SOFR + 0.540%)^(b)		1,847		1,800,493
1.07%, 03/09/27 (Call 03/09/26), (SOFR + 0.810%)^(a)(b)		1,075		1,045,911
1.21%, 02/23/23, (3 mo. LIBOR US + 0.750%)^(a)(b)		88,302		88,345,268
1.63%, 06/05/23 (Call 06/05/22), (3 mo. LIBOR US + 1.050%)^(b)		34,709		34,659,366
1.66%, 03/15/24, (SOFR + 1.390%)^(a)(b)		16,200		16,337,376
2.11%, 11/29/23, (3 mo. LIBOR US + 1.600%)^(b)		60,826		61,547,396
2.12%, 03/15/28 (Call 03/15/27), (SOFR + 1.390%)^(b)		9,980		10,126,307
2.18%, 07/24/23 (Call 07/24/22), (3 mo. LIBOR US + 1.000%)^(b)		29,598		29,599,776
Series ., 1.68%, 05/15/26 (Call 05/15/25), (3 mo. LIBOR US + 1.170%)^(a)(b)		52,252		52,433,837
Hana Bank, 1.66%, 10/02/22, (3 mo. LIBOR US + 0.700%)^(b)(d)		4,900		4,906,713
HSBC Holdings PLC
1.49%, 05/18/24 (Call 05/18/23), (3 mo. LIBOR US + 1.000%)^(a)(b)		72,045		72,100,475
1.68%, 03/10/26 (Call 03/10/25), (SOFR + 0.580%)^(a)(b)		15,595		15,621,511
1.98%, 03/11/25 (Call 03/11/24), (3 mo. LIBOR US + 1.230%)^(a)(b)		16,053		16,035,823
2.18%, 09/12/26 (Call 09/12/25), (3 mo. LIBOR US + 0.380%)^(a)(b)		4,668		4,689,473
Series ., 0.63%, 11/22/24 (Call 11/22/23), (SOFR + 0.580%)^(a)(b)		39,797		39,356,049
ING Groep NV
1.29%, 04/01/27 (Call 04/01/26), (SOFR + 1.010%)^(a)(b)		6,000		5,879,940
1.92%, 03/28/26 (Call 03/28/25), (SOFR + 1.010%)^(a)(b)		4,655		4,689,959
1.96%, 10/02/23, (3 mo. LIBOR US + 1.000%)^(a)(b)		20,706		20,808,702
Inter-American Development Bank, 0.90%, 04/12/27, (SOFR + 0.170%)^(b)		1,600		1,599,072
JPMorgan Chase & Co.
0.77%, 06/01/25 (Call 06/01/24), (SOFR + 0.535%)^(a)(b)		22,004		21,661,398
0.86%, 03/16/24 (Call 03/16/23), (SOFR + 0.580%)^(a)(b)		34,087		33,972,127
0.86%, 12/10/25 (Call 12/10/24), (SOFR + 0.600%)^(b)		14,450		14,233,684
1.14%, 02/24/26 (Call 02/24/25), (SOFR + 0.920%)^(b)		22,626		22,347,248
1.16%, 04/22/27 (Call 04/22/26), (SOFR + 0.885%)^(b)		30		29,359
1.40%, 02/24/28 (Call 02/24/27), (SOFR + 1.180%)^(b)		7,000		6,904,870
1.84%, 01/10/25 (Call 01/10/24), (3 mo. LIBOR US + 0.850%)^(a)(b)		14,532		14,540,719
1.91%, 04/23/24 (Call 04/23/23), (3 mo. LIBOR US + 0.730%)^(b)		28,160		28,170,138
2.07%, 07/23/24 (Call 07/23/23), (3 mo. LIBOR US + 0.890%)^(b)		34,928		35,062,822
2.41%, 10/24/23 (Call 10/24/22), (3 mo. LIBOR US + 1.230%)^(b)		70,449		70,640,621
Series FRN, 0.86%, 06/23/25 (Call 06/23/24), (SOFR + 0.580%)^(a)(b)		21,218		20,942,166
Korea Development Bank (The), 1.69%, 07/06/22, (3 mo. LIBOR US + 0.725%)^(b)		10,853		10,860,380


Security	Par (000)		Value

Banks (continued)
Kreditanstalt fuer Wiederaufbau, 1.18%, 02/12/24, (SOFR + 1.000%)^(b)	$	35,450	$	36,011,528
Macquarie Bank Ltd.
0.58%, 04/06/23, (SOFR + 0.300%)^(b)(c)		1,965		1,957,926
1.59%, 03/21/25, (SOFR + 0.300%)^(a)(b)(c)		20,465		20,604,367
Macquarie Group Ltd.
0.99%, 10/14/25 (Call 10/14/24), (SOFR + 0.710%)^(a)(b)(c)		25,877		25,754,861
1.53%, 11/28/23 (Call 11/28/22), (3 mo. LIBOR US + 1.020%)^(b)(c)		19,686		19,719,072
2.32%, 03/27/24 (Call 03/27/23), (3 mo. LIBOR US + 1.350%)^(b)(c)		18,447		18,546,983
Mitsubishi UFJ Financial Group Inc.
1.24%, 03/02/23, (3 mo. LIBOR US + 0.740%)^(a)(b)		25,225		25,277,972
1.97%, 07/25/22, (3 mo. LIBOR US + 0.790%)^(a)(b)		29,985		30,005,390
2.07%, 07/26/23, (3 mo. LIBOR US + 0.860%)^(b)		67,190		67,458,760
Mizuho Financial Group Inc.
1.13%, 05/25/24 (Call 05/25/23), (3 mo. LIBOR US + 0.630%)^(a)(b)		40,285		40,182,273
1.16%, 05/22/26 (Call 05/22/25), (SOFR + 0.960%)^(a)(b)		21,535		21,365,735
1.22%, 09/08/24 (Call 09/08/23), (3 mo. LIBOR US + 0.610%)^(b)		11,690		11,667,555
1.37%, 03/05/23, (3 mo. LIBOR US + 0.790%)^(b)		31,457		31,545,080
1.63%, 09/11/22, (3 mo. LIBOR US + 0.880%)^(a)(b)		41,910		41,966,159
1.65%, 09/13/23 (Call 09/13/22), (3 mo. LIBOR US + 0.850%)^(a)(b)		26,690		26,715,355
1.75%, 09/11/24 (Call 09/11/23), (3 mo. LIBOR US + 1.000%)^(a)(b)		19,565		19,666,934
1.88%, 07/16/23 (Call 07/16/22), (3 mo. LIBOR US + 0.840%)^(a)(b)		24,461		24,467,604
1.98%, 07/10/24 (Call 07/10/23), (3 mo. LIBOR US + 0.990%)^(b)		17,650		17,707,539
Morgan Stanley
0.90%, 01/24/25 (Call 01/24/24), (3 mo. LIBOR US + 0.140%)^(b)		43,391		42,974,012
1.10%, 02/18/26 (Call 02/18/25), (SOFR + 0.950%)^(a)(b)		26,565		26,354,074
1.56%, 05/08/24 (Call 05/08/23), (3 mo. LIBOR US + 1.220%)^(a)(b)		68,488		68,866,739
2.58%, 10/24/23 (Call 10/24/22), (3 mo. LIBOR US + 1.400%)^(b)		81,537		81,816,672
MUFG Union Bank N.A., 0.97%, 12/09/22 (Call 11/09/22), (SOFR + 0.710%)^(b)		3,093		3,098,103
National Australia Bank Ltd.
0.66%, 01/12/25, (3 mo. LIBOR US + 0.600%)^(b)(c)		30,785		30,609,525
0.93%, 01/12/27, (SOFR + 0.380%)^(a)(b)(c)		15,905		15,773,466
1.20%, 05/22/22, (3 mo. LIBOR US + 0.720%)^(a)(b)(c)		13,875		13,875,971
1.21%, 12/13/22, (3 mo. LIBOR US + 0.410%)^(a)(b)(c)		33,058		33,082,793
1.61%, 04/12/23, (3 mo. LIBOR US + 0.600%)^(a)(b)(c)		14,595		14,636,304
National Bank of Canada
0.50%, 05/16/23 (Call 05/16/22), (SOFR + 0.300%)^(b)		3,487		3,482,153
0.54%, 08/06/24, (SOFR + 0.490%)^(a)(b)		25,940		25,715,360
Natwest Group PLC
1.98%, 05/15/23 (Call 05/15/22), (3 mo. LIBOR US + 1.470%)^(a)(b)		53,949		53,961,408
2.52%, 06/25/24 (Call 06/25/23),
(3 mo. LIBOR US + 1.550%)^(b)		33,678		33,914,756
NatWest Markets PLC
0.72%, 08/12/24, (SOFR + 0.530%)^(b)(c)		16,250		16,160,950
1.04%, 09/29/26, (SOFR + 0.760%)^(b)(c)		15,844		15,601,745
1.73%, 03/22/25, (SOFR + 0.760%)^(b)(c)		15,500		15,550,995


Security	Par (000)		Value

Banks (continued)
1.94%, 09/29/22, (SOFR + 1.662%)^(a)(b)(c)	$	8,905	$	8,942,223
PNC Bank N.A., 1.72%, 07/27/22, (3 mo. LIBOR US + 0.500%)^(a)(b)		5,425		5,427,224
Royal Bank of Canada
0.57%, 08/05/22, (SOFR + 0.400%)^(a)(b)		2,545		2,545,204
0.58%, 01/19/24, (SOFR + 0.300%)^(b)		18,949		18,807,451
0.62%, 10/07/24, (SOFR + 0.340%)^(b)		20,817		20,600,503
0.64%, 07/29/24, (SOFR + 0.360%)^(b)		21,590		21,464,130
0.72%, 01/21/25, (SOFR + 0.590%)^(b)		10,245		10,146,136
0.73%, 10/26/23, (SOFR + 0.450%)^(a)(b)		39,808		39,660,312
0.80%, 01/20/26, (SOFR + 0.525%)^(b)		13,008		12,808,587
0.85%, 04/27/26, (SOFR + 0.570%)^(b)		14,863		14,654,769
0.87%, 11/02/26, (SOFR + 0.590%)^(b)		11,800		11,630,788
0.99%, 01/21/27, (SOFR + 0.440%)^(a)(b)		14,155		13,952,725
1.40%, 01/17/23, (3 mo. LIBOR US + 0.360%)^(a)(b)		26,455		26,432,778
1.62%, 10/05/23, (3 mo. LIBOR US + 0.660%)^(b)		13,795		13,848,525
Shinhan Bank Co. Ltd., 2.88%, 04/24/25, (3 mo. LIBOR US + 1.700%)^(b)(d)		13,150		13,565,672
Skandinaviska Enskilda Banken AB
0.84%, 09/01/23, (3 mo. LIBOR US + 0.320%)^(a)(b)(c)		17,679		17,635,863
1.45%, 12/12/22, (3 mo. LIBOR US + 0.645%)^(a)(b)(c)		7,613		7,625,257
Societe Generale SA, 1.33%, 01/21/26 (Call 01/21/25), (3 mo. LIBOR US + 0.320%)^(a)(b)(c)		30,267		29,601,126
Standard Chartered PLC
1.14%, 11/23/25 (Call 11/23/24), (SOFR + 0.930%)^(b)(c)		14,670		14,502,762
1.53%, 10/14/23 (Call 10/14/22), (SOFR + 1.250%)^(b)(c)		24,134		24,209,539
2.02%, 03/30/26 (Call 03/30/25), (SOFR + 0.930%)^(b)(c)		15,000		15,112,350
Sumitomo Mitsui Financial Group Inc.
1.16%, 01/14/27, (3 mo. LIBOR US + 0.080%)^(a)(b)		15,325		15,168,532
1.78%, 10/18/22, (3 mo. LIBOR US + 0.740%)^(a)(b)		24,112		24,136,112
1.78%, 01/17/23, (3 mo. LIBOR US + 0.740%)^(a)(b)		15,951		15,959,933
1.79%, 07/12/22, (3 mo. LIBOR US + 0.780%)^(a)(b)		16,211		16,218,619
1.84%, 10/16/23, (3 mo. LIBOR US + 0.800%)^(a)(b)		24,385		24,442,792
1.90%, 07/19/23, (3 mo. LIBOR US + 0.860%)^(a)(b)		20,574		20,530,177
Sumitomo Mitsui Trust Bank Ltd., 0.71%, 09/16/24,
(SOFR + 0.440%)^(a)(b)(c)		20,900		20,778,989
Swedbank AB, 1.19%, 04/04/25, (SOFR + 0.440%)^(a)(b)(c)		16,340		16,357,647
Toronto Dominion Bank, 0.69%, 01/10/25,
(SOFR + 0.590%)^(a)(b)		19,535		19,326,952
Toronto-Dominion Bank, 1.17%, 03/08/24, (SOFR + 0.410%)^(a)(b)		10,155		10,191,863
Toronto-Dominion Bank (The) 0.46%, 06/02/23, (SOFR + 0.220%)^(a)(b)		16,882		16,807,213
0.52%, 01/06/23, (SOFR + 0.240%)^(a)(b)		18,056		18,025,666
0.60%, 03/04/24, (SOFR + 0.355%)^(a)(b)		37,174		36,916,012
0.61%, 09/10/24, (SOFR + 0.350%)^(b)		31,110		30,802,322
0.73%, 09/28/23, (SOFR + 0.450%)^(a)(b)		18,486		18,435,533
0.76%, 01/27/23, (SOFR + 0.480%)^(b)		32,868		32,856,168
0.85%, 09/10/26, (SOFR + 0.590%)^(a)(b)		9,512		9,325,470
1.05%, 12/01/22, (3 mo. LIBOR US + 0.530%)^(a)(b)		9,320		9,329,506
1.68%, 07/19/23, (3 mo. LIBOR US + 0.640%)^(a)(b)		12,527		12,569,341
Truist Bank
0.48%, 01/17/24 (Call 01/17/23), (SOFR + 0.200%)^(a)(b)		40,175		39,764,813
0.99%, 03/09/23 (Call 02/09/23), (SOFR + 0.730%)^(b)		6,407		6,417,315
Truist Financial Corp., 0.66%, 06/09/25 (Call 06/09/24), (SOFR + 0.400%)^(a)(b)		41,170		40,504,693
U.S. Bank NA/Cincinnati OH, 1.04%, 12/09/22 (Call 11/09/22), (3 mo. LIBOR US + 0.400%)^(a)(b)		7,772		7,776,741
UBS AG London, 0.75%, 01/13/25 (Call 12/13/24),
(SOFR + 0.450%)^(b)(c)		24,880		24,656,080


Security	Par (000)		Value

Banks (continued)
UBS AG/London
0.50%, 08/09/24, (SOFR + 0.450%)^(b)(c)	$	37,280	$	37,045,882
0.54%, 02/09/24, (SOFR + 0.360%)^(b)(c)		43,930		43,739,783
0.55%, 06/01/23, (SOFR + 0.320%)^(b)(c)		34,144		34,055,908
UBS Group AG
1.46%, 08/15/23 (Call 08/15/22), (3 mo. LIBOR US + 0.950%)^(b)(c)		30,280		30,333,596
1.70%, 05/23/23 (Call 05/23/22), (3 mo. LIBOR US + 1.220%)^(a)(b)(c)		36,482		36,497,687
Wells Fargo & Co., 2.47%, 10/31/23 (Call 10/31/22), (3 mo. LIBOR US + 1.230%)^(b)		64,356		64,599,909
Westpac Banking Corp.
0.51%, 11/18/24, (SOFR + 0.300%)^(a)(b)		29,180		28,995,291
0.76%, 06/03/26, (SOFR + 0.520%)^(a)(b)		18,170		18,058,073
1.23%, 05/15/23, (3 mo. LIBOR US + 0.720%)^(a)(b)		25,909		26,002,531
1.28%, 02/26/24, (3 mo. LIBOR US + 0.770%)^(a)(b)		16,199		16,268,170
1.41%, 01/13/23, (3 mo. LIBOR US + 0.390%)^(a)(b)		19,938		19,951,757
1.56%, 01/11/23, (3 mo. LIBOR US + 0.570%)^(a)(b)		13,993		14,017,488
1.68%, 06/28/22, (3 mo. LIBOR US + 0.710%)^(a)(b)		10,314		10,319,879


				4,949,665,159

Beverages — 0.1%
PepsiCo Inc., 0.67%, 05/02/22, (3 mo. LIBOR US + 0.365%)^(b)		8,238		8,238,000


Chemicals — 0.1%
DuPont de Nemours Inc., 1.62%, 11/15/23, (3 mo. LIBOR US + 1.110%)^(a)(b)		10,076		10,174,241


Computers — 0.3%
Apple Inc., 0.73%, 05/11/22, (3 mo. LIBOR US + 0.350%)^(b)		25,821		25,821,258


Cosmetics & Personal Care — 0.2%
GSK Consumer Healthcare Capital US LLC, 1.17%, 03/24/24 (Call 03/24/23), (SOFR + 0.540%)^(b)(c)		15,535		15,565,759


Diversified Financial Services — 3.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 0.96%, 09/29/23, (SOFR + 0.680%)^(b)		36,555		36,191,643
AIG Global Funding, 0.65%, 12/15/23, (SOFR + 0.380%)^(b)(c)		2,000		1,991,840
Air Lease Corp., 1.18%, 12/15/22, (3 mo. LIBOR US + 0.350%)^(a)(b)		16,120		16,095,659
American Express Co.
0.40%, 11/03/23, (SOFR + 0.230%)^(b)		21,358		21,208,280
0.82%, 11/04/26 (Call 10/04/26), (SOFR + 0.650%)^(b)		7,088		6,987,067
0.98%, 03/04/25 (Call 02/01/25), (SOFR + 0.930%)^(a)(b)		11,485		11,554,714
1.16%, 02/27/23 (Call 01/27/23), (3 mo. LIBOR US + 0.650%)^(b)		16,299		16,323,938
1.44%, 04/17/25 (Call 04/17/24), (SOFR + 0.950%)^(b)		26,570		26,586,208
1.47%, 05/03/24^(b)		30,000		29,994,000
1.49%, 04/14/25, (SOFR + 0.710%)^(b)		22,000		21,972,940
1.90%, 08/01/22 (Call 07/01/22),
(3 mo. LIBOR US + 0.610%)^(a)(b)		8,025		8,031,902
2.02%, 04/25/26 (Call 04/25/25),
(3 mo. LIBOR US + 1.230%)^(b)		25,055		25,064,771
2.03%, 04/26/26 (Call 04/26/25), (SOFR + 1.180%)^(b)		15,015		15,016,502
2.04%, 08/03/23 (Call 07/03/23), (3 mo. LIBOR US + 0.750%)^(a)(b)		16,360		16,401,718
BOC Aviation Ltd., 2.09%, 09/26/23 (Call 08/27/23), (3 mo. LIBOR US + 1.125%)^(a)(b)(d)		11,515		11,518,915


Security	Par (000)		Value

Diversified Financial Services (continued)
Capital One Financial Corp.
0.94%, 12/06/24 (Call 12/06/23), (SOFR + 0.690%)^(b)	$	12,355	$	12,283,217
1.96%, 01/30/23 (Call 12/30/22), (3 mo. LIBOR US + 0.720%)^(a)(b)		11,274		11,276,368
Charles Schwab Corp., 1.29%, 03/03/27 (Call 02/03/27), (SOFR + 0.520%)^(b)		21,800		21,783,432
Charles Schwab Corp. (The)
0.55%, 03/18/24 (Call 02/18/24), (SOFR + 0.500%)^(a)(b)		34,946		34,839,764
0.71%, 05/13/26 (Call 04/13/26), (SOFR + 0.520%)^(b)		23,072		22,760,989


				367,883,867

Electric — 4.5%
American Electric Power Co. Inc., Series A, 1.77%, 11/01/23 (Call 05/31/22), (3 mo. LIBOR US + 0.480%)^(b)		9,815		9,819,417
CenterPoint Energy Inc., 0.84%, 05/13/24 (Call 05/13/22), (SOFR + 0.650%)^(a)(b)		23,444		23,258,558
Cleco Power LLC, 1.33%, 06/15/23 (Call 05/31/22), (3 mo. LIBOR US + 0.500%)^(b)(c)		5,120		5,113,242
Dominion Energy Inc., Series D, 1.36%, 09/15/23 (Call 05/20/22), (3 mo. LIBOR US + 0.530%)^(a)(b)		34,338		34,254,559
Duke Energy Corp., 0.30%, 06/10/23, (SOFR + 0.250%)^(b)		15,566		15,505,448
Eversource Energy, 0.45%, 08/15/23, (SOFR + 0.250%)^(a)(b)		12,262		12,229,751
Florida Power & Light Co.
0.44%, 05/10/23 (Call 05/31/22), (SOFR + 0.250%)^(a)(b)		32,286		32,148,784
0.66%, 01/12/24 (Call 07/12/22), (SOFR + 0.250%)^(b)		26,863		26,791,276
National Rural Utilities Cooperative Finance Corp, 0.58%, 08/07/23, (SOFR + 0.330%)^(a)(b)		8,660		8,647,270
National Rural Utilities Cooperative Finance Corp., Series D, 0.61%, 10/18/24, (SOFR + 0.330%)^(a)(b)		10,105		9,993,138
NextEra Energy Capital Holdings Inc.
0.59%, 03/01/23, (SOFR + 0.540%)^(b)		16,322		16,310,411
0.68%, 11/03/23 (Call 05/03/22), (SOFR + 0.400%)^(b)		47,614		47,335,934
0.75%, 02/22/23 (Call 05/31/22), (3 mo. LIBOR US + 0.270%)^(b)		61,269		61,135,434
1.30%, 03/21/24 (Call 09/21/22), (SOFR + 0.400%)^(a)(b)		15,820		15,825,695
Pacific Gas and Electric Co., 2.36%, 06/16/22 (Call 05/31/22), (3 mo. LIBOR US + 1.480%)^(b)		16,925		16,922,969
PPL Electric Utilities Corp., 0.61%, 06/24/24 (Call 06/24/22), (SOFR + 0.330%)^(b)		22,264		22,101,695
Southern California Edison Co.
0.92%, 04/03/23, (SOFR + 0.640%)^(a)(b)		1,967		1,966,803
1.11%, 04/01/24 (Call 04/01/23), (SOFR + 0.830%)^(a)(b)		19,793		19,804,480
Series F, 0.62%, 06/13/22, (SOFR + 0.350%)^(b)		18,050		18,051,083
Southern Co. (The), Series 2021, 0.56%, 05/10/23 (Call 05/10/22), (SOFR + 0.370%)^(b)		37,560		37,443,564


				434,659,511

Electronics — 0.1%
Honeywell International Inc., 0.71%, 08/08/22, (3 mo. LIBOR US + 0.370%)^(a)(b)		14,089		14,092,663


Entertainment — 0.2%
Magallanes Inc., 2.05%, 03/15/24, (SOFR + 1.310%)^(a)(b)(c)		17,810		17,980,442


Food — 0.1%
General Mills Inc., 2.05%, 10/17/23, (3 mo. LIBOR US + 1.010%)^(a)(b)		13,954		14,094,238


Security	Par (000)		Value

Gas — 0.2%
Atmos Energy Corp., 1.02%, 03/09/23 (Call 05/31/22), (3 mo. LIBOR US + 0.380%)^(a)(b)	$	4,820	$	4,816,867
CenterPoint Energy Resources Corp., 1.00%, 03/02/23 (Call 05/31/22), (3 mo. LIBOR US + 0.500%)^(a)(b)		2,032		2,028,769
ONE Gas Inc., 1.36%, 03/11/23 (Call 05/31/22), (3 mo. LIBOR US + 0.610%)^(a)(b)		1,737		1,735,645
Southern California Gas Co., 1.15%, 09/14/23 (Call 05/31/22), (3 mo. LIBOR US + 0.350%)^(b)		13,527		13,484,796
Spire Missouri Inc., 0.74%, 12/02/24 (Call 06/02/22), (SOFR + 0.370%)^(a)(b)		500		497,185


				22,563,262

Health Care - Products — 0.9%
Baxter International Inc.
0.49%, 12/01/23, (SOFR + 0.260%)^(b)(c)		36,285		36,187,756
0.49%, 11/29/24, (SOFR + 0.440%)^(b)(c)		13,140		13,045,261
Thermo Fisher Scientific Inc.
0.67%, 10/18/23 (Call 10/18/22), (SOFR + 0.390%)^(a)(b)		19,560		19,494,669
0.82%, 10/18/24 (Call 10/18/22), (SOFR + 0.530%)^(b)		13,142		13,087,592


				81,815,278

Health Care - Services — 0.6%
Roche Holdings Inc.
0.49%, 03/05/24, (SOFR + 0.240%)^(a)(b)(c)		12,044		12,015,937
0.59%, 09/11/23, (SOFR + 0.240%)^(a)(b)(c)		22,350		22,358,717
0.82%, 03/10/25, (SOFR + 0.330%)^(a)(b)(c)		26,165		26,232,506


				60,607,160

Household Products & Wares — 0.2%
Reckitt Benckiser Treasury Services PLC, 1.51%, 06/24/22, (3 mo. LIBOR US + 0.560%)^(a)(b)(c)		17,665		17,669,946


Insurance — 6.3%
Athene Global Funding
0.77%, 08/19/24, (SOFR + 0.560%)^(a)(b)(c)		21,635		21,270,450
0.92%, 05/24/24, (SOFR + 0.700%)^(b)(c)		58,752		58,050,501
1.00%, 01/07/25, (SOFR + 0.715%)^(a)(b)(c)		20,925		20,608,195
2.19%, 07/01/22, (3 mo. LIBOR US + 1.230%)^(b)(c)		10,695		10,695,428
Brighthouse Financial Global Funding
0.53%, 02/24/23, (SOFR + 0.310%)^(a)(b)(c)		6,042		6,030,460
1.04%, 04/12/24, (SOFR + 0.760%)^(a)(b)(c)		15,555		15,586,888
Equitable Financial Life Global Funding, 0.67%, 04/06/23, (SOFR + 0.390%)^(a)(b)(c)		5,882		5,870,118
GA Global Funding Trust
0.77%, 09/13/24, (SOFR + 0.500%)^(a)(b)(c)		20,120		19,733,092
1.99%, 04/11/25, (SOFR + 0.500%)^(b)(c)		19,745		19,692,478
Jackson National Life Global Funding
0.88%, 01/06/23, (SOFR + 0.600%)^(a)(b)(c)		24,515		24,527,993
1.70%, 06/27/22, (3 mo. LIBOR US + 0.730%)^(b)(c)		14,771		14,780,158
MassMutual Global Funding II
0.46%, 06/02/23, (SOFR + 0.220%)^(b)(c)		3,306		3,296,578
0.55%, 10/21/24, (SOFR + 0.270%)^(b)(c)		13,998		13,913,732
0.64%, 04/12/24, (SOFR + 0.360%)^(a)(b)(c)		20,162		20,110,184
0.92%, 03/21/25, (SOFR + 0.270%)^(b)(c)		3,000		3,015,180
MET Tower Global Funding, 0.83%, 01/17/23, (SOFR + 0.550%)^(b)(c)		18,199		18,206,644
Metropolitan Life Global Funding I
0.58%, 09/27/24, (SOFR + 0.300%)^(a)(b)(c)		13,050		12,942,338
0.60%, 09/08/22, (SOFR + 0.350%)^(b)(c)		3,922		3,924,392
0.60%, 01/07/24, (SOFR + 0.320%)^(a)(b)(c)		17,857		17,775,394
0.85%, 01/13/23, (SOFR + 0.570%)^(b)(c)		35,907		35,931,417
0.96%, 03/21/25, (SOFR + 0.910%)^(b)(c)		13,884		13,906,631


Security	Par (000)		Value

Insurance (continued)
New York Life Global Funding
0.47%, 06/30/23, (SOFR + 0.190%)^(b)(c)	$	4,269	$	4,259,907
0.50%, 02/02/23, (SOFR + 0.220%)^(a)(b)(c)		25,224		25,196,001
0.59%, 04/26/24, (SOFR + 0.310%)^(b)(c)		13,192		13,121,027
0.61%, 01/14/25, (SOFR + 0.190%)^(a)(b)(c)		27,465		27,211,773
0.64%, 10/21/23, (SOFR + 0.360%)^(b)(c)		9,045		9,031,704
0.74%, 06/09/26, (SOFR + 0.480%)^(a)(b)(c)		16,735		16,425,403
1.22%, 06/10/22, (3 mo. LIBOR US + 0.520%)^(b)(c)		13,490		13,491,349
1.27%, 01/10/23, (3 mo. LIBOR US + 0.280%)^(a)(b)(c)		20,131		20,130,597
1.30%, 04/21/25, (SOFR + 0.330%)^(b)(c)		27,000		26,908,200
1.45%, 07/12/22, (3 mo. LIBOR US + 0.440%)^(b)(c)		12,884		12,888,638
Northwestern Mutual Global Funding, 0.61%, 03/25/24, (SOFR + 0.330%)^(b)(c)		12,556		12,490,709
Pacific Life Global Funding II, 0.87%, 06/04/26, (SOFR + 0.620%)^(b)(c)		16,020		15,878,223
Pacific Life Global Funding II., 0.68%, 01/27/25, (SOFR + 0.620%)^(a)(b)(c)		4,250		4,223,055
Principal Life Global Funding II
0.61%, 08/23/24, (SOFR + 0.380%)^(b)(c)		12,421		12,347,716
0.73%, 04/12/24, (SOFR + 0.450%)^(a)(b)(c)		12,433		12,405,150
Protective Life Global Funding, 1.26%, 03/28/25, (SOFR + 0.380%)^(b)(c)		14,300		14,357,772


				600,235,475

Internet — 0.5%
eBay Inc., 2.11%, 01/30/23, (3 mo. LIBOR US + 0.870%)^(b)		16,357		16,431,588
Tencent Holdings Ltd.
1.65%, 01/19/23, (3 mo. LIBOR US + 0.605%)^(a)(b)(d)		3,080		3,070,236
1.90%, 04/11/24, (3 mo. LIBOR US + 0.910%)^(a)(b)(d)		24,123		24,106,114


				43,607,938

Lodging — 0.1%
Hyatt Hotels Corp., 1.33%, 10/01/23 (Call 10/01/22), (SOFR + 1.050%)^(a)(b)		8,560		8,570,786


Machinery — 2.1%
Caterpillar Financial Services Corp.
0.35%, 11/17/22, (SOFR + 0.150%)^(a)(b)		20,149		20,119,985
0.45%, 01/10/24, (SOFR + 0.170%)^(a)(b)		27,527		27,434,785
0.45%, 05/17/24, (SOFR + 0.245%)^(b)		24,660		24,535,960
0.54%, 09/13/24, (SOFR + 0.270%)^(a)(b)		32,182		31,943,531
1.13%, 05/13/22, (3 mo. LIBOR US + 0.735%)^(b)		11,930		11,930,716
John Deere Capital Corp.
0.40%, 07/10/23, (SOFR + 0.120%)^(a)(b)		20,158		20,085,431
0.48%, 10/11/24, (SOFR + 0.200%)^(a)(b)		21,924		21,857,132
0.80%, 03/07/25, (SOFR + 0.200%)^(b)		11,830		11,843,250
1.09%, 09/08/22, (3 mo. LIBOR US + 0.480%)^(a)(b)		12,401		12,408,813
1.13%, 06/07/23, (3 mo. LIBOR US + 0.550%)^(a)(b)		14,159		14,203,601
1.29%, 06/13/22, (3 mo. LIBOR US + 0.490%)^(b)		2,614		2,614,627


				198,977,831

Manufacturing — 0.4%
3M Co., 0.69%, 02/14/24, (3 mo. LIBOR US + 0.300%)^(a)(b)		6,577		6,557,466
General Electric Co., 0.70%, 05/05/26, (3 mo. LIBOR US + 0.380%)^(a)(b)		29,928		29,145,084


				35,702,550

Media — 0.6%
Charter Communications Operating LLC/Charter Communications Operating Capital, 2.94%, 02/01/24 (Call 01/01/24), (3 mo. LIBOR US + 1.650%)^(b)		29,521		30,071,862


Security	Par (000)		Value

Media (continued)
Comcast Corp., 1.67%, 04/15/24, (3 mo. LIBOR US + 0.630%)^(b)	$	20,391	$	20,502,947
Walt Disney Co. (The), 0.91%, 09/01/22, (3 mo. LIBOR US + 0.390%)^(a)(b)		9,601		9,606,472


				60,181,281

Multi-National — 1.1%
Asian Development Bank, 1.22%, 08/27/26, (SOFR + 1.000%)^(b)		34,625		35,718,111
Inter-American Development Bank, 0.43%, 09/16/26, (SOFR + 0.170%)^(a)(b)		27,527		27,462,312
International Bank for Reconstruction & Development, 0.44%, 06/15/26, (SOFR + 0.130%)^(b)		46,580		46,530,625


				109,711,048

Oil & Gas — 1.0%
Chevron Corp., 1.28%, 05/11/23, (3 mo. LIBOR US + 0.900%)^(a)(b)		20,345		20,484,567
Chevron USA Inc.
0.50%, 08/12/22, (3 mo. LIBOR US + 0.110%)^(b)		3,390		3,389,458
0.58%, 08/11/23, (3 mo. LIBOR US + 0.200%)^(b)		18,810		18,813,009
ConocoPhillips Co., 1.41%, 05/15/22, (3 mo. LIBOR US + 0.900%)^(b)		11,067		11,068,107
Exxon Mobil Corp., 0.79%, 08/16/22, (3 mo. LIBOR US + 0.330%)^(a)(b)		12,320		12,323,203
Shell International Finance BV, 0.79%, 11/13/23, (3 mo. LIBOR US + 0.400%)^(a)(b)		26,280		26,364,621


				92,442,965

Pharmaceuticals — 1.3%
AbbVie Inc., 1.13%, 11/21/22, (3 mo. LIBOR US + 0.650%)^(a)(b)		26,999		27,031,669
AstraZeneca PLC, 1.13%, 08/17/23, (3 mo. LIBOR US + 0.665%)^(a)(b)		11,693		11,747,372
Bayer U.S. Finance II LLC, 1.84%, 12/15/23 (Call 11/15/23), (3 mo. LIBOR US + 1.010%)^(b)(c)		30,625		30,757,913
Becton Dickinson and Co., 1.61%, 06/06/22, (3 mo. LIBOR US + 1.030%)^(b)		8,705		8,705,783
Bristol-Myers Squibb Co., 0.84%, 05/16/22, (3 mo. LIBOR US + 0.380%)^(b)		8,844		8,844,796
Cigna Corp., 1.93%, 07/15/23 (Call 06/15/23), (3 mo. LIBOR US + 0.890%)^(a)(b)		29,364		29,643,545
Pfizer Inc., 1.16%, 09/15/23, (3 mo. LIBOR US + 0.330%)^(a)(b)		5,824		5,831,164


				122,562,242

Pipelines — 0.5%
Enbridge Inc.
0.45%, 02/17/23, (SOFR + 0.400%)^(b)		24,561		24,521,702
0.83%, 02/16/24, (SOFR + 0.630%)^(a)(b)		23,825		23,835,960


				48,357,662

Real Estate Investment Trusts — 0.5%
Public Storage, 0.75%, 04/23/24 (Call 05/31/22), (SOFR + 0.470%)^(b)		24,366		24,299,968
Simon Property Group LP, 0.71%, 01/11/24 (Call 01/11/23), (3 mo. LIBOR US + 0.170%)^(a)(b)		20,860		20,791,579


				45,091,547

Retail — 0.0%
Starbucks Corp., 0.47%, 02/14/24 (Call 02/14/23), (SOFR + 0.420%)^(b)		4,128		4,131,509


Security	Par (000)		Value

Semiconductors — 0.6%
Analog Devices Inc., 0.52%, 10/01/24, (SOFR + 0.250%)^(b)	$	17,833	$	17,728,142
Intel Corp., 0.73%, 05/11/22, (3 mo. LIBOR US + 0.350%)^(a)(b)		19,237		19,237,577
QUALCOMM Inc., 1.97%, 01/30/23, (3 mo. LIBOR US + 0.730%)^(a)(b)		19,341		19,389,352


				56,355,071

Telecommunications — 2.3%
AT&T Inc.
0.91%, 03/25/24 (Call 05/31/22), (SOFR + 0.640%)^(b)		37,241		37,236,159
1.98%, 06/12/24, (3 mo. LIBOR US + 1.180%)^(b)		54,485		55,149,172
Verizon Communications Inc.
0.80%, 03/22/24, (SOFR + 0.500%)^(b)		21,769		21,710,006
1.07%, 03/20/26, (SOFR + 0.790%)^(b)		41,686		41,375,856
1.61%, 05/15/25 (Call 03/15/25), (3 mo. LIBOR US + 1.100%)^(a)(b)		49,710		50,255,319
Vodafone Group PLC, 2.03%, 01/16/24, (3 mo. LIBOR US + 0.990%)^(a)(b)		17,246		17,392,591


				223,119,103

Transportation — 0.3%
United Parcel Service Inc.
0.84%, 05/16/22, (3 mo. LIBOR US + 0.380%)^(a)(b)		15,489		15,488,845
1.42%, 04/01/23, (3 mo. LIBOR US + 0.450%)^(a)(b)		12,978		13,001,750


				28,490,595


Total Corporate Bonds & Notes — 86.3% (Cost: $8,293,716,402)				8,263,291,567


Foreign Government Obligations^(e)

Canada — 0.3%
CPPIB Capital Inc., 1.50%, 03/11/26, (SOFR + 1.250%)^(b)(c)		25,390		26,332,985
PSP Capital Inc., 0.47%, 03/03/25, (SOFR + 0.240%)^(b)(c)		1,665		1,663,485


				27,996,470

Norway — 0.3%
Kommunalbanken AS
0.44%, 10/27/23, (SOFR + 0.160%)^(b)(c)		22,994		22,990,781
1.27%, 06/17/26, (SOFR + 1.000%)^(b)(c)		2,000		2,060,180


				25,050,961

South Korea — 1.0%
Export-Import Bank of Korea
1.28%, 06/01/23, (3 mo. LIBOR US + 0.775%)^(a)(b)		22,910		23,039,900
1.49%, 06/25/22, (3 mo. LIBOR US + 0.525%)^(a)(b)		9,915		9,919,065
2.21%, 11/01/22, (3 mo. LIBOR US + 0.925%)^(b)		20,060		20,122,988
Industrial Bank of Korea, 1.63%, 10/23/22, (3 mo. LIBOR US + 0.450%)^(b)(d)		6,649		6,654,319
Korea Development Bank (The)
0.50%, 03/09/24, (SOFR + 0.250%)^(a)(b)		16,875		16,860,994
1.44%, 10/01/22, (3 mo. LIBOR US + 0.475%)^(a)(b)		18,195		18,213,013


				94,810,279

Supranational — 10.5%
Asian Development Bank, 1.26%, 06/16/26, (SOFR + 1.000%)^(a)(b)		28,250		29,163,323
European Bank for Reconstruction & Development
0.39%, 05/11/22, (3 mo. LIBOR US + 0.010%)^(b)		42,156		42,154,735
0.46%, 08/19/22, (SOFR + 0.260%)^(b)		31,980		31,994,391
0.47%, 04/14/26, (SOFR + 0.190%)^(b)		52,120		52,069,444
0.53%, 03/13/23, (SOFR + 0.260%)^(b)		26,335		26,366,075


Security	Par (000)		Value

Supranational (continued)
0.56%, 10/15/24, (SOFR + 0.280%)^(b)	$	68,575	$	68,790,326
European Investment Bank
0.53%, 01/30/23, (SOFR + 0.250%)^(a)(b)(c)		37,620		37,662,134
0.53%, 03/05/24, (SOFR + 0.280%)^(b)(c)		43,928		44,074,280
0.54%, 06/10/22, (SOFR + 0.290%)^(b)(c)		51,170		51,180,746
1.14%, 01/19/23, (3 mo. LIBOR US + 0.100%)^(a)(b)(c)		24,982		24,997,239
1.28%, 01/21/26, (SOFR + 1.000%)^(b)(c)		56,815		58,521,154
Inter-American Development Bank
0.37%, 02/10/26, (SOFR + 0.200%)^(a)(b)		83,409		83,425,682
0.41%, 02/04/25, (SOFR + 0.250%)^(b)		35,210		35,294,856
0.52%, 09/16/22, (SOFR + 0.260%)^(b)		38,854		38,877,312
1.11%, 07/15/22, (3 mo. LIBOR US + 0.070%)^(b)		32,303		32,293,309
Inter-American Investment Corp., 0.55%, 03/22/24, (SOFR + 0.270%)^(b)		1,000		999,880
International Bank for Reconstruction & Development
0.41%, 01/13/23, (SOFR + 0.130%)^(a)(b)		67,771		67,787,943
0.58%, 09/18/25, (SOFR + 0.310%)^(a)(b)		66,685		66,954,407
Series GDIF, 0.47%, 08/06/24, (SOFR + 0.300%)^(a)(b)		60,408		60,638,759
Series GDIF, 0.66%, 06/17/24, (SOFR + 0.390%)^(a)(b)		46,470		46,753,932
International Finance Corp.
0.37%, 06/30/23, (SOFR + 0.090%)^(b)		34,250		34,239,725
0.37%, 04/03/24, (SOFR + 0.090%)^(b)		500		499,670
0.90%, 12/15/22, (3 mo. LIBOR US + 0.070%)^(a)(b)		48,237		48,250,506
Nordic Investment Bank, 1.18%, 05/12/26, (SOFR + 1.000%)^(b)		25,955		26,765,056


				1,009,754,884

Sweden — 0.5%
Svensk Exportkredit AB, 1.21%, 05/25/23, (SOFR + 1.000%)^(a)(b)		51,035		51,476,963


Total Foreign Government Obligations — 12.6% (Cost: $1,209,672,058)				1,209,089,557


Security	Shares (000)		Value


Short-Term Investments

Money Market Funds — 5.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.38%^(f)(g)(h)		289,237	$	289,237,284
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.34%^(f)(g)		216,892		216,892,000


				506,129,284


Total Short-Term Investments — 5.3% (Cost: $506,070,108)				506,129,284


Total Investments in Securities — 104.2% (Cost: $10,009,458,568)				9,978,510,408


Other Assets, Less Liabilities — (4.2)%				(404,875,379	)


Net Assets — 100.0%			$	9,573,635,029

^(a)	All or a portion of this security is on loan.

^(b)	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.

^(c)	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.

^(d)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(e)	U.S. dollar denominated security issued by foreign domiciled entity.

^(f)	Affiliate of the Fund.

^(g)	Annualized 7-day yield as of period end.

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

iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis. For convertible securities, premiums attributable to the debt instrument are amortized, but premiums attributable to the conversion feature are not amortized.

In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.

Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.

Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under policies approved by the Board of Trustees of the Trust (the “Board”). If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with a policy approved by the Board as reflecting fair value. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) is the committee formed by management to develop global pricing policies and procedures and to oversee the pricing function for all financial instruments.

Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global Valuation Committee, in accordance with a policy approved by the Board as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Global Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Global Valuation Committee, or its delegate, seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Global Valuation Committee, or its delegate, deems relevant and consistent with the principles of fair value measurement. The pricing of all Fair Valued Investments is subsequently reported to the Board or a committee thereof on a quarterly basis.

Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.

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

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 Global 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.

Zero-Coupon Bonds: Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.

Securities Lending: Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund’s Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”) which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and

the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock. Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each Fund, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

Expense Waivers: BFA may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding acquired fund fees and expenses, if any). For the iShares BB Rated Corporate Bond ETF, BFA has elected to implement a voluntary fee waiver at an annual rate of 0.10% and currently intends to keep such voluntary fee waiver for the Fund in place for a one-year period through October 31, 2022. Any voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time.

This amount is included in investment advisory fees waived in the Statements of Operations. For the six months ended April 30, 2022, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

Distributor: BlackRock Investments, LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

Securities Lending: The U.S. Securities and Exchange Commission (the “SEC”) has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. (“BTC”), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.

Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment fees. Each Fund retains a portion of securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across all 1940 Act iShares exchange-traded funds (the “iShares ETF Complex”) in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the six months ended April 30, 2022, the Funds paid BTC the following amounts for securities lending agent services:

Officers and Trustees: Certain officers and/or trustees of the Trust are officers and/or trustees of BlackRock or its affiliates.

Other Transactions: Cross trading is the buying or selling of portfolio securities between funds to which BFA (or an affiliate) serves as investment adviser. At its regularly scheduled quarterly meetings, the Board reviews such transactions as of the most recent calendar quarter for compliance with the requirements and restrictions set forth by Rule 17a-7.

For the six months ended April 30, 2022, transactions executed by the Funds pursuant to Rule 17a-7 under the 1940 Act were as follows:

Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.

For the six months ended April 30, 2022, purchases and sales of investments, excluding short-term investments and in-kind transactions, were as follows:

Each Fund is treated as an entity separate from the Trust’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of April 30, 2022, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

As of October 31, 2021, the Funds had non-expiring capital loss carryforwards available to offset future realized capital gains as follows:

As of April 30, 2022, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.

BFA uses a “passive” or index approach to try to achieve each Fund’s investment objective following the securities included in its underlying index during upturns as well as downturns. BFA does not take steps to reduce market exposure or to lessen the effects of a declining market. Divergence from the underlying index and the composition of the portfolio is monitored by BFA.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.

Market Risk: Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund’s portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio’s current earnings rate.

An outbreak of respiratory disease caused by a novel coronavirus has developed into a global pandemic and has resulted in closing borders, quarantines, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this pandemic, and other global health crises that may arise in the future, could affect the economies of many nations, individual companies and the market in general in ways that cannot necessarily be foreseen at the present time. This pandemic may result in substantial market volatility and may adversely impact the prices and liquidity of a fund’s investments. Although vaccines have been developed and approved for use by various governments, the duration of this pandemic and its effects cannot be determined with certainty.

Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A fund may invest in illiquid investments. An illiquid investment is any investment that a fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause a fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a fund may lose value, regardless of the individual results of the securities and other instruments in which a fund invests.

Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

Concentration Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.

Certain Funds invest a significant portion of their assets in securities within a single or limited number of market sectors. When a Fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the fund and could affect the income from, or the value or liquidity of, the fund’s portfolio. Investment percentages in specific sectors are presented in the Schedule of Investments.

Certain Funds invest a significant portion of their assets in high yield securities. High yield securities that are rated below investment-grade (commonly referred to as “junk bonds”) or are unrated may be deemed speculative, involve greater levels of risk than higher-rated securities of similar maturity and are more likely to default. High yield securities may be issued by less creditworthy issuers, and issuers of high yield securities may be unable to meet their interest or principal payment obligations. High yield securities are subject to extreme price fluctuations, may be less liquid than higher rated fixed-income securities, even under normal economic conditions, and frequently have redemption features.

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will increase as interest rates fall and decrease as interest rates rise. The Funds may be subject to a greater risk of rising interest rates due to the current period of historically low rates.

Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a Fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

LIBOR Transition Risk: The United Kingdom’s Financial Conduct Authority announced a phase out of the London Interbank Offered Rate (“LIBOR”). Although many LIBOR rates ceased to be published or no longer are representative of the underlying market they seek to measure after December 31, 2021, a selection of widely used USD LIBOR rates will continue to be published through June 2023 in order to assist with the transition. The Funds may be exposed to financial instruments tied to LIBOR to determine payment obligations, financing terms, hedging strategies or investment value. The transition process away from LIBOR might lead to increased volatility and illiquidity in markets for, and reduce the effectiveness of new hedges placed against instruments whose terms currently include LIBOR. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Investors purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to State Street Bank and Trust Company, the Trust’s administrator, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Investors transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares Aaa - A Rated Corporate Bond ETF, iShares BB Rated Corporate Bond ETF, iShares Convertible Bond ETF and iShares Floating Rate Bond ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.

The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 9, 2021 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40 Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2020 through September 30, 2021 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays and the imposition of capital controls in certain non-U.S. countries.

The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:

As part of BlackRock’s continuous review of the effectiveness of the Program, the Committee made the following material changes to the Program: (1) updates to certain model components in the Program’s methodology; and (2) certain iShares Funds entered into a $800 million credit agreement with a group of lenders that replaced a previous liquidity facility. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

The amounts and sources of distributions reported are estimates and are being provided pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each Fund’s investment experience during the year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV each calendar year that will inform them how to report these distributions for federal income tax purposes.

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.

A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.

A description of the Trust’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited or ICE Data Indices, LLC, nor do these companies make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the companies listed above.


				Average Annual Total Returns									Cumulative Total Returns

	6 Months			1 Year			5 Years			10 Years			1 Year			5 Years			10 Years

Fund NAV		(12.15	)%		(10.26	)%		1.48	%		2.37	%		(10.26	)%		7.61	%		26.38	%
Fund Market		(12.35	)		(10.63	)		1.42			2.28			(10.63	)		7.32			25.28
Index		(12.10	)		(10.17	)		1.59			2.51			(10.17	)		8.21			28.08


Actual				Hypothetical 5% Return


Beginning Account Value (11/01/21)	Ending Account Value (04/30/22)	Expenses Paid During the Period	^(a)		Beginning Account Value (11/01/21)	Ending Account Value (04/30/22)	Expenses Paid During the Period	^(a)	Annualized Expense Ratio

$ 1,000.00	$ 878.50	$ 0.70			$ 1,000.00	$ 1,024.10	$ 0.75		0.15	%



Maturity		Percent of Total Investments^(a)

1-5 Years		38.6%
5-10 Years		25.8
10-15 Years		5.3
15-20 Years		7.1
More than 20 Years		23.2


				Average Annual Total Returns						Cumulative Total Returns

	6 Months			1 Year			Since Inception			1 Year			Since Inception

Fund NAV		(8.10	)%		(5.85	)%		(0.56	)%		(5.85	)%		(0.87	)%
Fund Market		(8.52	)		(6.28	)		(0.74	)		(6.28	)		(1.16	)
Index		(7.99	)		(5.67	)		(0.32	)		(5.67	)		(0.50	)


Actual				Hypothetical 5% Return


Beginning Account Value (11/01/21)	Ending Account Value (04/30/22)	Expenses Paid During the Period	^(a)		Beginning Account Value (11/01/21)	Ending Account Value (04/30/22)	Expenses Paid During the Period	^(a)	Annualized Expense Ratio

$ 1,000.00	$ 919.00	$ 0.71			$ 1,000.00	$ 1,024.10	$ 0.75		0.15	%


2		T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T


	Page


The Markets in Review		2
Fund Summary		4
About Fund Performance		8
Shareholder Expenses		8
Schedules of Investments		9
Financial Statements
Statements of Assets and Liabilities		62
Statements of Operations		63
Statements of Changes in Net Assets		64
Financial Highlights		66
Notes to Financial Statements		70
Statement Regarding Liquidity Risk Management Program		78
Supplemental Information		79
General Information		80
Glossary of Terms Used in this Report		81


Fund Summary as of April 30, 2022		iShares^® Aaa - A Rated Corporate Bond ETF



Security		Percent of Total Investments^(a)

Microsoft Corp., 2.92%, 03/17/52		0.3%
Microsoft Corp., 2.53%, 06/01/50		0.2
Wells Fargo & Co., 5.01%, 04/04/51		0.2
Amazon.com Inc., 1.20%, 06/03/27		0.2
Wells Fargo & Co., 4.61%, 04/25/53		0.2
Comcast Corp., 2.94%, 11/01/56		0.2
HSBC Holdings PLC, 4.04%, 03/13/28		0.2
Citigroup Inc., 4.41%, 03/31/31		0.2
Apple Inc., 4.65%, 02/23/46		0.2
International Business Machines Corp., 3.00%, 05/15/24		0.2


4		2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S


Fund Summary as of April 30, 2022		iShares^® BB Rated Corporate Bond ETF



Maturity		Percent of Total Investments^(a)

0-1 Year		0.3%
1-5 Years		31.0
5-10 Years		58.6
10-15 Years		4.2
15-20 Years		1.5
More than 20 Years		4.4



Security		Percent of Total Investments^(a)

Sprint Corp., 7.88%, 09/15/23		0.6%
Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27		0.5
American Airlines Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/26		0.5
Centene Corp., 4.63%, 12/15/29		0.5
American Airlines Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/29		0.4
HCA Inc., 5.38%, 02/01/25		0.4
Intesa Sanpaolo SpA, 5.02%, 06/26/24		0.4
Sprint Capital Corp., 6.88%, 11/15/28		0.4
HCA Inc., 3.50%, 09/01/30		0.4
Centene Corp., 4.25%, 12/15/27		0.4


Fund Summary as of April 30, 2022		iShares^® Convertible Bond ETF



Security		Percent of Total Investments^(a)

Palo Alto Networks Inc., 0.38%, 06/01/25		1.7%
Palo Alto Networks Inc., 0.75%, 07/01/23		1.6
Pioneer Natural Resources Co., 0.25%, 05/15/25		1.3
Southwest Airlines Co., 1.25%, 05/01/25		1.2
DISH Network Corp., 3.38%, 08/15/26		1.1
Ford Motor Co. , 03/15/26		1.1
Sea Ltd., 0.25%, 09/15/26		1.0
MongoDB Inc., 0.25%, 01/15/26		0.9
DexCom Inc., 0.75%, 12/01/23		0.8
DISH Network Corp. , 12/15/25		0.8


				Average Annual Total Returns									Cumulative Total Returns

	6 Months			1 Year			5 Years			Since Inception			1 Year			5 Years			Since Inception

Fund NAV		(18.74	)%		(17.19	)%		12.99	%		10.76	%		(17.19	)%		84.17	%		102.75	%
Fund Market		(19.18	)		(17.45	)		12.78			10.69			(17.45	)		82.48			101.89
Index		(18.65	)		(16.96	)		13.54			11.34			(16.96	)		88.66			110.04


				Average Annual Total Returns									Cumulative Total Returns

	6 Months			1 Year			5 Years			10 Years			1 Year			5 Years			10 Years

Fund NAV		(0.31	)%		(0.13	)%		1.49	%		1.30	%		(0.13	)%		7.65	%		13.83	%
Fund Market		(0.34	)		(0.06	)		1.50			1.29			(0.06	)		7.70			13.64
Index		(0.23	)		0.04			1.77			1.53			0.04			9.17			16.45



Moody’s Credit Rating^*		Percent of Total Investments^(a)

Aaa		12.6%
Aa		13.3
A		54.9
Baa		15.1
Ba		0.3
Not Rated		3.8


Fund Summary as of April 30, 2022		iShares^® Floating Rate Bond ETF




Affiliated Issuer	Value at 10/31/21		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 04/30/22		Shares Held at 04/30/22 (000)		Income			Capital Gain Distributions from Underlying Funds


BlackRock Cash Funds: Institutional, SL Agency Shares	$	80,001,921	$	9,074,674	^(a)	$	—		$	(30,789	)	$	(10,241	)	$	89,035,565		89,036	$	86,350	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		10,637,000		—			(6,600,000	)^(a)		—			—			4,037,000		4,037		3,556			—


									$	(30,789	)	$	(10,241	)	$	93,072,565			$	89,906		$	—



	Level 1		Level 2		Level 3		Total

Investments
Assets
Corporate Bonds & Notes	$	—	$	1,186,546,758	$	—	$1,186,546,758
Money Market Funds		93,072,565		—		—	93,072,565


	$	93,072,565	$	1,186,546,758	$	—	$1,279,619,323




Affiliated Issuer	Value at 10/31/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 04/30/22			Shares Held at 04/30/22 (000)		Income				Capital Gain Distributions from Underlying Funds


BlackRock Cash Funds: Institutional, SL Agency Shares	$	7,575,790	$	7,345,650	^(a)	$	—	$	(3,090	)	$	(167	)		$	14,918,183		14,918		$	8,884	^(b)	$	—

BlackRock Cash Funds: Treasury, SL Agency Shares		970,000		1,090,000	^(a)		—		—			—				2,060,000		2,060			490			—


								$	(3,090	)	$	(167	)		$	16,978,183				$	9,374		$	—



	iShares Aaa - A Rated Corporate Bond ETF			iShares BB Rated Corporate Bond ETF			iShares Convertible Bond ETF			iShares Floating Rate Bond ETF


ASSETS
Investments in securities, at value (including securities on loan)^(a):
Unaffiliated^(b)	$	1,186,546,758		$	163,145,616		$	1,524,650,709		$	9,472,381,124
Affiliated^(c)		93,072,565			16,978,183			4,439,879			506,129,284
Cash		5,048			12,684			—			9,138,430
Receivables:
Investments sold		6,685,176			759,284			2,681,891			925
Securities lending income — Affiliated		17,115			2,022			83			109,617
Capital shares sold		—			116,671			—			31,897,299
Dividends		608			235			1,777			38,586
Interest		10,092,069			2,233,464			4,059,239			11,838,274


Total assets		1,296,419,339			183,248,159			1,535,833,578			10,031,533,539


LIABILITIES
Bank overdraft		—			—			4,402			—
Collateral on securities loaned, at value		89,092,065			14,922,333			359,950			289,159,593
Payables:
Investments purchased		3,188,601			312,863			2,580,168			167,587,611
Capital shares redeemed		98,659			—			—			—
Investment advisory fees		152,981			10,622			271,406			1,151,306


Total liabilities		92,532,306			15,245,818			3,215,926			457,898,510


NET ASSETS	$	1,203,887,033		$	168,002,341		$	1,532,617,652		$	9,573,635,029


NET ASSETS CONSIST OF:
Paid-in capital	$	1,359,394,328		$	176,484,949		$	1,777,147,414		$	9,670,347,024
Accumulated loss		(155,507,295	)		(8,482,608	)		(244,529,762	)		(96,711,995	)

NET ASSETS	$	1,203,887,033		$	168,002,341		$	1,532,617,652		$	9,573,635,029


Shares outstanding		24,500,000			3,600,000			19,800,000			189,700,000


Net asset value	$	49.14		$	46.67		$	77.40		$	50.47


Shares authorized		Unlimited			Unlimited			Unlimited			Unlimited


Par value		None			None			None			None


^(a)Securities loaned, at value	$	85,963,848		$	14,290,135		$	351,693		$	282,227,872
^(b)Investments, at cost — Unaffiliated	$	1,338,504,629		$	170,735,661		$	1,793,852,633		$	9,503,388,460
^(c)Investments, at cost — Affiliated	$	93,068,476		$	16,978,350		$	4,439,936		$	506,070,108


	iShares Aaa - A Rated Corporate Bond ETF			iShares BB Rated Corporate Bond ETF			iShares Convertible Bond ETF			iShares Floating Rate Bond ETF


INVESTMENT INCOME
Dividends — Affiliated	$	9,001		$	1,197		$	2,746		$	104,305
Interest — Unaffiliated		12,953,386			1,673,831			8,904,090			23,717,324
Securities lending income — Affiliated — net		80,905			8,177			506			317,057
Other income — Unaffiliated		—			3,850			—			—


Total investment income		13,043,292			1,687,055			8,907,342			24,138,686


EXPENSES
Investment advisory fees		874,239			109,652			1,591,963			5,970,887
Professional fees		217			—			217			217


Total expenses		874,456			109,652			1,592,180			5,971,104

Less:
Investment advisory fees waived		—			(43,861	)		—			—


Total expenses after fees waived		874,456			65,791			1,592,180			5,971,104


Net investment income		12,168,836			1,621,264			7,315,162			18,167,582


REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Investments — Unaffiliated		(3,380,665	)		(131,608	)		(19,557,398	)		66,556
Investments — Affiliated		(30,789	)		(3,090	)		(93	)		(76,190	)
In-kind redemptions — Unaffiliated		(1,615,097	)		(782,739	)		45,021,729			24,320


Net realized gain (loss)		(5,026,551	)		(917,437	)		25,464,238			14,686

Net change in unrealized appreciation (depreciation) on:
Investments — Unaffiliated		(156,490,581	)		(8,594,921	)		(367,422,878	)		(46,096,398	)
Investments — Affiliated		(10,241	)		(167	)		(57	)		(9,239	)


Net change in unrealized appreciation (depreciation)		(156,500,822	)		(8,595,088	)		(367,422,935	)		(46,105,637	)


Net realized and unrealized loss		(161,527,373	)		(9,512,525	)		(341,958,697	)		(46,090,951	)


NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	(149,358,537	)	$	(7,891,261	)	$	(334,643,535	)	$	(27,923,369	)


	iShares							iShares

	Aaa - A Rated Corporate Bond ETF							BB Rated Corporate Bond ETF


	Six Months Ended 04/30/22 (unaudited)				Year Ended 10/31/21			Six Months Ended 04/30/22 (unaudited)				Year Ended 10/31/21


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income		$	12,168,836		$	24,954,172			$	1,621,264		$	4,010,886
Net realized gain (loss)			(5,026,551	)		33,193,047				(917,437	)		2,380,664
Net change in unrealized appreciation (depreciation)			(156,500,822	)		(56,389,478	)			(8,595,088	)		1,509,216


Net increase (decrease) in net assets resulting from operations			(149,358,537	)		1,757,741				(7,891,261	)		7,900,766


DISTRIBUTIONS TO SHAREHOLDERS^(a)
Decrease in net assets resulting from distributions to shareholders			(11,755,827	)		(26,862,436	)			(2,104,237	)		(4,026,444	)


CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions			178,656,596			(273,973,795	)			84,386,579			17,586,117


NET ASSETS
Total increase (decrease) in net assets			17,542,232			(299,078,490	)			74,391,081			21,460,439
Beginning of period			1,186,344,801			1,485,423,291				93,611,260			72,150,821


End of period		$	1,203,887,033		$	1,186,344,801			$	168,002,341		$	93,611,260


	iShares Convertible Bond ETF							iShares Floating Rate Bond ETF


		Six Months Ended 04/30/22 (unaudited)			Year Ended 10/31/21				Six Months Ended 04/30/22 (unaudited)			Year Ended 10/31/21


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income		$	7,315,162		$	11,940,775			$	18,167,582		$	26,425,057
Net realized gain			25,464,238			306,116,739				14,686			4,478,942
Net change in unrealized appreciation (depreciation)			(367,422,935	)		(34,834,225	)			(46,105,637	)		176,023


Net increase (decrease) in net assets resulting from operations			(334,643,535	)		283,223,289				(27,923,369	)		31,080,022


DISTRIBUTIONS TO SHAREHOLDERS^(a)
Decrease in net assets resulting from distributions to shareholders			(115,985,097	)		(48,045,347	)			(16,485,666	)		(28,120,691	)


CAPITAL SHARE TRANSACTIONS
Net increase in net assets derived from capital share transactions			76,048,551			820,513,033				2,616,497,980			1,406,363,044


NET ASSETS
Total increase (decrease) in net assets			(374,580,081	)		1,055,690,975				2,572,088,945			1,409,322,375
Beginning of period			1,907,197,733			851,506,758				7,001,546,084			5,592,223,709


End of period		$	1,532,617,652		$	1,907,197,733			$	9,573,635,029		$	7,001,546,084


	iShares Aaa - A Rated Corporate Bond ETF


	Six Months Ended 04/30/22 (unaudited)				Year Ended 10/31/21			Year Ended 10/31/20			Year Ended 10/31/19				Year Ended 10/31/18				Year Ended 10/31/17


Net asset value, beginning of period		$	56.49		$	57.46		$	54.85			$	49.57			$	52.76			$	52.80


Net investment income^(a)			0.56			1.10			1.35				1.68				1.53				1.40
Net realized and unrealized gain (loss)^(b)			(7.37	)		(0.91	)		2.68				5.25				(3.23	)			(0.08	)


Net increase (decrease) from investment operations			(6.81	)		0.19			4.03				6.93				(1.70	)			1.32


Distributions^(c)
From net investment income			(0.54	)		(1.13	)		(1.42	)			(1.65	)			(1.49	)			(1.36	)
From net realized gain			—			(0.03	)		—				—				—				—


Total distributions			(0.54	)		(1.16	)		(1.42	)			(1.65	)			(1.49	)			(1.36	)


Net asset value, end of period		$	49.14		$	56.49		$	57.46			$	54.85			$	49.57			$	52.76


Total Return^(d)
Based on net asset value			(12.15	)%^(e)		0.34	%		7.44	%			14.22	%			(3.27	)%			2.57	%


Ratios to Average Net Assets^(f)
Total expenses			0.15	%^(g)		0.15	%		0.15	%			0.15	%			0.15	%			0.15	%


Net investment income			2.09	%^(g)		1.93	%		2.37	%			3.19	%			3.00	%			2.69	%


Supplemental Data
Net assets, end of period (000)		$	1,203,887		$	1,186,345		$	1,485,423			$	419,610			$	158,621			$	121,345


Portfolio turnover rate^(h)			8	%^(e)		17	%		16	%			16	%			15	%			16	%


	iShares BB Rated Corporate Bond ETF


		Six Months Ended 04/30/22 (unaudited)					Year Ended 10/31/21			Period From 10/06/20 to 10/31/20	^(a)


Net asset value, beginning of period			$	52.01		$	49.76		$	50.00

Net investment income^(b)				0.92			1.89			0.12
Net realized and unrealized gain (loss)^(c)				(5.05	)		2.25			(0.36	)


Net increase (decrease) from investment operations				(4.13	)		4.14			(0.24	)


Distributions^(d)
From net investment income				(1.05	)		(1.89	)		—
From net realized gain				(0.16	)		—			—


Total distributions				(1.21	)		(1.89	)		—


Net asset value, end of period			$	46.67		$	52.01		$	49.76


Total Return^(e)
Based on net asset value				(8.10	)%^(f)		8.39	%		(0.48	)%^(f)


Ratios to Average Net Assets^(g)
Total expenses				0.25	%^(h)		0.25	%		0.25	%^(h)


Total expenses after fees waived				0.15	%^(h)		0.15	%		0.15	%^(h)


Net investment income				3.70	%^(h)		3.64	%		3.36	%^(h)


Supplemental Data
Net assets, end of period (000)			$	168,002		$	93,611		$	72,151


Portfolio turnover rate⁽ⁱ⁾				13	%^(f)		32	%		0	%^(f)(j)


	iShares Convertible Bond ETF

	Six Months Ended 04/30/22 (unaudited)				Year Ended 10/31/21			Year Ended 10/31/20			Year Ended 10/31/19			Year Ended 10/31/18			Year Ended 10/31/17


Net asset value, beginning of period		$	102.26		$	80.71		$	59.07		$	55.86		$	55.38		$	47.01


Net investment income^(a)			0.40			0.75			0.86			0.96			0.93			1.00
Net realized and unrealized gain (loss)^(b)			(18.74	)		24.52			21.90			4.74			0.87			8.57


Net increase (decrease) from investment operations			(18.34	)		25.27			22.76			5.70			1.80			9.57


Distributions^(c)
From net investment income			(0.67	)		(0.97	)		(1.12	)		(2.02	)		(1.13	)		(1.20	)
From net realized gain			(5.85	)		(2.75	)		—			(0.47	)		(0.19	)		—


Total distributions			(6.52	)		(3.72	)		(1.12	)		(2.49	)		(1.32	)		(1.20	)


Net asset value, end of period		$	77.40		$	102.26		$	80.71		$	59.07		$	55.86		$	55.38


Total Return^(d)
Based on net asset value			(18.74	)%^(e)		31.91	%		39.02	%		10.55	%		3.26	%^(f)		20.63	%


Ratios to Average Net Assets^(g)
Total expenses			0.20	%^(h)		0.20	%		0.20	%		0.20	%		0.20	%		0.20	%


Net investment income			0.92	%^(h)		0.75	%		1.24	%		1.66	%		1.64	%		1.88	%


Supplemental Data
Net assets, end of period (000)		$	1,532,618		$	1,907,198		$	851,507		$	404,627		$	259,730		$	354,410


Portfolio turnover rate⁽ⁱ⁾			6	%^(e)		46	%		33	%		24	%		29	%		14	%


	iShares Floating Rate Bond ETF


	Six Months Ended 04/30/22 (unaudited)				Year Ended 10/31/21			Year Ended 10/31/20			Year Ended 10/31/19			Year Ended 10/31/18			Year Ended 10/31/17


Net asset value, beginning of period		$	50.74		$	50.70		$	50.98		$	50.93		$	50.93		$	50.72


Net investment income^(a)			0.11			0.22			0.83			1.44			1.19			0.73
Net realized and unrealized gain (loss)^(b)			(0.27	)		0.05			(0.24	)		0.08			(0.13	)		0.19


Net increase (decrease) from investment operations			(0.16	)		0.27			0.59			1.52			1.06			0.92


Distributions^(c)
From net investment income			(0.11	)		(0.23	)		(0.87	)		(1.47	)		(1.06	)		(0.71	)


Total distributions			(0.11	)		(0.23	)		(0.87	)		(1.47	)		(1.06	)		(0.71	)


Net asset value, end of period		$	50.47		$	50.74		$	50.70		$	50.98		$	50.93		$	50.93


Total Return^(d)
Based on net asset value			(0.31	)%^(e)		0.52	%		1.19	%		3.02	%		2.11	%		1.82	%


Ratios to Average Net Assets^(f)
Total expenses			0.15	%^(g)		0.20	%		0.20	%		0.20	%		0.20	%		0.20	%


Net investment income			0.46	%^(g)		0.43	%		1.64	%		2.84	%		2.33	%		1.43	%


Supplemental Data
Net assets, end of period (000)		$	9,573,635		$	7,001,546		$	5,592,224		$	9,940,510		$	11,832,089		$	6,544,454


Portfolio turnover rate^(h)			20	%^(e)		38	%		29	%		23	%		17	%		21	%




iShares ETF	Diversification Classification


Aaa - A Rated Corporate Bond		Diversified
BB Rated Corporate Bond		Diversified
Convertible Bond		Diversified
Floating Rate Bond		Diversified




iShares ETF and Counterparty		Market Value of Securities on Loan		Cash Collateral Received	^(a)		Non-Cash Collateral Received		Net Amount


Aaa - A Rated Corporate Bond
Barclays Bank PLC	$	10,660,676	$	10,660,676		$	—	$	—
Barclays Capital, Inc.		3,181,393		3,181,393			—		—
BMO Capital Markets Corp.		1,463,426		1,463,426			—		—
BNP Paribas SA		10,862,548		10,862,548			—		—
BofA Securities, Inc.		6,781,983		6,781,983			—		—
Citadel Clearing LLC		80,731		80,731			—		—
Citigroup Global Markets, Inc.		2,219,285		2,219,285			—		—
Credit Suisse Securities (USA) LLC		1,974,479		1,961,068			—		(13,411	)^(b)
Deutsche Bank Securities, Inc.		6,922,095		6,922,095			—		—
HSBC Securities (USA), Inc.		1,090,834		1,090,834			—		—
J.P. Morgan Securities LLC		17,671,818		17,671,818			—		—
Morgan Stanley		7,907,675		7,907,675			—		—
Nomura Securities International, Inc.		928,608		928,608			—		—
Pershing LLC		86,121		86,121			—		—
RBC Capital Markets LLC		9,988,736		9,988,736			—		—
Scotia Capital (USA), Inc.		1,033,992		1,033,992			—		—
State Street Bank & Trust Co.		264,032		264,032			—		—
Toronto-Dominion Bank		922,561		922,561			—		—
Wells Fargo Securities LLC		1,922,855		1,922,855			—		—


	$	85,963,848	$	85,950,437		$	—	$	(13,411	)


BB Rated Corporate Bond
Barclays Bank PLC	$	1,320,911	$	1,320,911		$	—	$	—
Barclays Capital, Inc.		466,419		466,419			—		—
BMO Capital Markets Corp.		183,525		183,525			—		—
BNP Paribas SA		7,067,567		7,067,567			—		—
BofA Securities, Inc.		2,035,446		2,035,446			—		—
Citadel Clearing LLC		359,198		359,198			—		—
Citigroup Global Markets, Inc.		1,048,435		1,048,435			—		—
Credit Suisse Securities (USA) LLC		986,935		986,935			—		—
Jefferies LLC		306,819		306,819			—		—
Nomura Securities International, Inc.		204,939		204,939			—		—
Scotia Capital (USA), Inc.		22,749		22,749			—		—
State Street Bank & Trust Co.		240,301		240,301			—		—
Toronto-Dominion Bank		45,874		45,874			—		—
UBS AG		1,017		1,017			—		—


	$	14,290,135	$	14,290,135		$	—	$	—


Convertible Bond
Wells Fargo Bank National Association	$	351,693	$	351,693		$	—	$	—




iShares ETF	Investment Advisory Fee


Aaa - A Rated Corporate Bond		0.15%
BB Rated Corporate Bond		0.25
Convertible Bond		0.20
Floating Rate Bond		0.15



iShares ETF	Fees Paid to BTC

Aaa - A Rated Corporate Bond	$	33,045
BB Rated Corporate Bond		3,315
Convertible Bond		204
Floating Rate Bond		107,070



iShares ETF	Purchases		Sales		Net Realized Gain (Loss)

Aaa - A Rated Corporate Bond	$	144,435	$	—	$	—
BB Rated Corporate Bond		—		2,147,731		(110,276	)



	Other Securities

iShares ETF	Purchases		Sales

Aaa - A Rated Corporate Bond	$	109,430,360	$	95,960,927
BB Rated Corporate Bond		12,500,730		13,016,756
Convertible Bond		102,872,073		190,498,368
Floating Rate Bond		1,886,882,753		1,475,724,359



iShares ETF	In-kind Purchases		In-kind Sales

Aaa - A Rated Corporate Bond	$	255,646,593		$ 80,535,888
BB Rated Corporate Bond		101,459,771		19,068,080
Convertible Bond		554,153,726		478,512,979
Floating Rate Bond		2,526,652,594		94,324,864