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ist:NotRatedMember 2026-04-30 0001100663 ist:C000069478Member ist:OtherMember 2026-04-30 iso4217:USD pure ist:Holding 0001100663 false N-1A CboeBZX NYSEArca CboeBZX CboeBZX CboeBZX CboeBZX CboeBZX NYSEArca NYSEArca NYSEArca NYSEArca NYSEArca CboeBZX NYSEArca NYSEArca CboeBZX CboeBZX CboeBZX CboeBZX CboeBZX NYSEArca N-CSRS CboeBZX NYSEArca NYSEArca CboeBZX NYSEArca CboeBZX CboeBZX NYSEArca iShares Trust 2026-04-30 iShares 0-5 Year High Yield Corporate Bond ETF iShares 0-5 Year High Yield Corporate Bond ETF SHYG This semi-annual shareholder report contains important information about iShares 0-5 Year High Yield Corporate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares 0-5 Year High Yield Corporate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>15</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.30<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 15 0.0030 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>7,563,122,254</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">1,163</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">14<span>%</span></td> </tr> </table> 7563122254 1163 0.14 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">42.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">40.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">11.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-2 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">12.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">2-3 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">26.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">3-4 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">29.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">4-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">26.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-6 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">6-7 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.010 0.429 0.408 0.119 0.004 0.030 0.046 0.123 0.262 0.297 0.265 0.005 0.002 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares 0-5 Year Investment Grade Corporate Bond ETF iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD NASDAQ This semi-annual shareholder report contains important information about iShares 0-5 Year Investment Grade Corporate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares 0-5 Year Investment Grade Corporate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.06<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 3 0.0006 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>2,311,808,136</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">2,994</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">14<span>%</span></td> </tr> </table> 2311808136 2994 0.14 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">8.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">47.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">39.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">83.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.015 0.085 0.477 0.395 0.016 0.012 0.167 0.830 0.003 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares 1-3 Year International Treasury Bond ETF iShares 1-3 Year International Treasury Bond ETF ISHG NASDAQ This semi-annual shareholder report contains important information about iShares 1-3 Year International Treasury Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares 1-3 Year International Treasury Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>18</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.35<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 18 0.0035 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>891,988,241</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">184</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">42<span>%</span></td> </tr> </table> 891988241 184 0.42 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">32.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">30.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">23.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">13.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Geographic allocation</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Country/Geographic Region</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Italy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Spain</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Netherlands</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Israel</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Belgium</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Other<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">34.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other.</div></td> </tr> </table> 0.321 0.308 0.230 0.130 0.011 0.103 0.090 0.086 0.084 0.057 0.051 0.046 0.046 0.046 0.046 0.345 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares 20+ Year Treasury Bond BuyWrite Strategy ETF iShares 20+ Year Treasury Bond BuyWrite Strategy ETF TLTW This semi-annual shareholder report contains important information about iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration-line: none; font-family: 'arial'; font-size: 8pt; line-height: 10.4pt; text-align: justify;">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What were the Fund costs for the last six months?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); vertical-align: bottom; text-align: left; padding: 2pt 0 2pt 0;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs of a $10,000<br/>investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; vertical-align: bottom; text-align: left; padding: 4pt 0 2pt 0;">iShares 20+ Year Treasury Bond BuyWrite Strategy ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;"><span style="float: none;">$</span>10<span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;">0.20<span>%</span><sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)(b)</sup></td> </tr> </table> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. </div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(b)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; margin-bottom: 0; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Annualized.</div> </td> </tr> </table> 10 0.0020 <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; padding: 2pt 0 1.5pt 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); width: 12%; padding: 2pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;"><span style="float: none;">$</span>1,988,268,427</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;">3</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 1.6pt 6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 1.6pt 6pt;">1<span>%</span></td> </tr> </table> 1988268427 3 0.01 <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What did the Fund invest in?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; text-align: justify; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11.4pt; margin: 0px;">(as of April 30, 2026)</div> <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Portfolio composition</div> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: auto; padding: 1.6pt 0 0 6pt;"><em>Asset Type</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap; padding: 2pt 0 0 0;"><em>Percent of</em><br/><em>Net Assets</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 0 0;">99.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Short-term Investments</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 0 0;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Options Written</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 0 0;">(0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>)</span><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">Other assets less liabilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 1.6pt 0;">(0.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span>)</span><span style="visibility: hidden; margin-left: -7pt;">%</span><span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> </tr> </table> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td colspan="3" style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; color: rgb(0, 0, 0); vertical-align: bottom; white-space: normal; width: auto; font-weight: bold; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-top: 0; margin-bottom: 0; padding: 2pt 0 1.5pt 0;">Maturity allocation (of the underlying fund)<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(b)</sup></td> </tr> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0 0 6pt;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"><em>Percent of Total<br/>Investments<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(c)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">20-25 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">32.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">25-30 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;">66.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 0 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Rounds to greater than (0.1)%.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(b)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">The underlying fund is iShares 20+ Year Treasury Bond ETF.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(c)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Excludes money market funds.</div> </td> </tr> </table> 0.999 0.002 -0.001 -0.000 0.010 0.327 0.663 iShares Aaa - A Rated Corporate Bond ETF iShares Aaa - A Rated Corporate Bond ETF QLTA This semi-annual shareholder report contains important information about iShares Aaa - A Rated Corporate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Aaa - A Rated Corporate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.15<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 7 0.0015 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>1,534,462,338</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">3,422</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">11<span>%</span></td> </tr> </table> 1534462338 3422 0.11 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">36.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">29.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">19.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 4.90%, 07/15/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 4.80%, 10/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 3.14%, 11/15/35</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 5.63%, 11/15/55</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.88%, 11/15/35</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 5.80%, 03/13/56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pfizer Investment Enterprises Pte. Ltd., 5.30%, 05/19/53</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 02/01/36</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 3.20%, 11/21/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.363 0.297 0.077 0.068 0.195 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 4.90%, 07/15/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 4.80%, 10/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 3.14%, 11/15/35</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 5.63%, 11/15/55</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.88%, 11/15/35</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 5.80%, 03/13/56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pfizer Investment Enterprises Pte. Ltd., 5.30%, 05/19/53</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Anheuser-Busch Cos LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 02/01/36</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 3.20%, 11/21/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.004 0.003 0.002 0.002 0.002 0.002 0.002 0.002 0.002 0.002 iShares BB Rated Corporate Bond ETF iShares BB Rated Corporate Bond ETF HYBB This semi-annual shareholder report contains important information about iShares BB Rated Corporate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares BB Rated Corporate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>13</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.25<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 13 0.0025 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>423,644,186</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">1,067</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">19<span>%</span></td> </tr> </table> 423644186 1067 0.19 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">53.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">38.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meridian Arc Holdco LLC, 6.25%, 04/30/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Quikrete Holdings, Inc., 6.38%, 03/01/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Cloud Software Group, Inc., 6.50%, 03/31/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SV RNO Property Owner 1 LLC, 5.88%, 03/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Asurion LLC/Asurion Co-Issuer, Inc., 8.00%, 12/31/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">WULF Compute LLC, 7.75%, 10/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Nexstar Media, Inc., 6.50%, 09/15/33</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Venture Global LNG, Inc., 9.50%, 02/01/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Centene Corp., 4.63%, 12/15/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.001 0.539 0.388 0.010 0.011 0.051 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meridian Arc Holdco LLC, 6.25%, 04/30/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Quikrete Holdings, Inc., 6.38%, 03/01/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Cloud Software Group, Inc., 6.50%, 03/31/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SV RNO Property Owner 1 LLC, 5.88%, 03/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Asurion LLC/Asurion Co-Issuer, Inc., 8.00%, 12/31/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">WULF Compute LLC, 7.75%, 10/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Nexstar Media, Inc., 6.50%, 09/15/33</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Venture Global LNG, Inc., 9.50%, 02/01/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Centene Corp., 4.63%, 12/15/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.007 0.005 0.005 0.004 0.004 0.004 0.004 0.004 0.004 0.003 iShares Broad USD High Yield Corporate Bond ETF iShares Broad USD High Yield Corporate Bond ETF USHY This semi-annual shareholder report contains important information about iShares Broad USD High Yield Corporate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Broad USD High Yield Corporate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.08<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 4 0.0008 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>26,379,554,897</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">1,890</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">13<span>%</span></td> </tr> </table> 26379554897 1890 0.13 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">45.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">39.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">10.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">58.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">36.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.020 0.452 0.397 0.104 0.005 0.022 0.003 0.589 0.365 0.007 0.007 0.029 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares CMBS ETF iShares CMBS ETF CMBS This semi-annual shareholder report contains important information about iShares CMBS ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares CMBS ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>12</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.25<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 12 0.0025 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>480,564,040</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">475</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">13<span>%</span></td> </tr> </table> 480564040 475 0.13 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">49.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">24.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">25.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Maturity</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<em></em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">31.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">20.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">20-25 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">25-30 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">21.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">30-35 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">35-40 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 40 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.494 0.246 0.004 0.256 0.002 0.318 0.200 0.002 0.002 0.045 0.211 0.167 0.048 0.005 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Convertible Bond ETF iShares Convertible Bond ETF ICVT This semi-annual shareholder report contains important information about iShares Convertible Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Convertible Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>10</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.20<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 10 0.0020 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>6,077,567,973</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">354</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">19<span>%</span></td> </tr> </table> 6077567973 354 0.19 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">74.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">20.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Western Digital Corp., 3.00%, 11/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Alibaba Group Holding Ltd., 0.50%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Lumentum Holdings, Inc., 0.38%, 03/15/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Lumentum Holdings, Inc., 0.50%, 06/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CoreWeave, Inc., 1.75%, 10/01/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Bloom Energy Corp. , 11/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CoreWeave, Inc., 1.75%, 12/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Seagate HDD Cayman, 3.50%, 06/01/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">GameStop Corp. , 06/15/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Nebius Group NV, 1.25%, 03/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.039 0.746 0.207 0.008 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Western Digital Corp., 3.00%, 11/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Alibaba Group Holding Ltd., 0.50%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Lumentum Holdings, Inc., 0.38%, 03/15/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Lumentum Holdings, Inc., 0.50%, 06/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CoreWeave, Inc., 1.75%, 10/01/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Bloom Energy Corp. , 11/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CoreWeave, Inc., 1.75%, 12/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Seagate HDD Cayman, 3.50%, 06/01/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">GameStop Corp. , 06/15/32</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Nebius Group NV, 1.25%, 03/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.055 0.022 0.018 0.017 0.014 0.013 0.010 0.009 0.009 0.009 iShares Core 1-5 Year USD Bond ETF iShares Core 1-5 Year USD Bond ETF ISTB NASDAQ This semi-annual shareholder report contains important information about iShares Core 1-5 Year USD Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Core 1-5 Year USD Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.06<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 3 0.0006 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>4,747,055,108</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">7,032</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">19<span>%</span></td> </tr> </table> 4747055108 7032 0.19 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">7.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">57.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">12.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">11.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">C</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Portfolio composition</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Investment Type</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Government &amp; Agency Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">55.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Corporate Bonds &amp; Notes</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">34.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Foreign Government Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Collateralized Mortgage Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Asset-Backed Securities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Municipal Debt Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Floating Rate Loan Interests</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Rounds to less than 0.1%.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.075 0.578 0.124 0.116 0.038 0.028 0.010 0.001 0.000 0.030 0.559 0.349 0.066 0.018 0.007 0.001 0.000 0.000 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Core International Aggregate Bond ETF iShares Core International Aggregate Bond ETF IAGG This semi-annual shareholder report contains important information about iShares Core International Aggregate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Core International Aggregate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.07<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 3 0.0007 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>13,337,487,586</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">8,168</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">12<span>%</span></td> </tr> </table> 13337487586 8168 0.12 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Portfolio composition</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Investment Type</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Foreign Government Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">81.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Corporate Bonds &amp; Notes</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">18.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Geographic allocation</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Country/Geographic Region</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">China</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">18.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Italy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Spain</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Supranational</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Australia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Other<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">22.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other.</div></td> </tr> </table> 0.813 0.187 0.183 0.111 0.095 0.086 0.071 0.061 0.056 0.042 0.039 0.031 0.225 iShares ESG Advanced High Yield Corporate Bond ETF iShares ESG Advanced High Yield Corporate Bond ETF HYXF NASDAQ This semi-annual shareholder report contains important information about iShares ESG Advanced High Yield Corporate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares ESG Advanced High Yield Corporate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>18</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.35<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 18 0.0035 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>196,196,915</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">605</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">20<span>%</span></td> </tr> </table> 196196915 605 0.20 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">4.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">59.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">30.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">4.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">56.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">38.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.040 0.597 0.301 0.040 0.001 0.021 0.001 0.562 0.388 0.007 0.007 0.035 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Euro Investment Grade Corporate Bond USD Hedged ETF iShares Euro Investment Grade Corporate Bond USD Hedged ETF EUIG This semi-annual shareholder report contains important information about iShares Euro Investment Grade Corporate Bond USD Hedged ETF (the “Fund”) for the period of November 4, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the period?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Euro Investment Grade Corporate Bond USD Hedged ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;"><span style="float:none">$</span>9<span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.18<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">The Fund commenced operations during the reporting period. Expenses for a full reporting period would be higher than the amount shown.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-bottom: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 9 0.0018 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>21,919,401</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">211</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">19<span>%</span></td> </tr> </table> 21919401 211 0.19 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">5.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">40.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">40.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">12.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">46.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">43.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.005 0.057 0.401 0.408 0.006 0.123 0.463 0.432 0.055 0.019 0.031 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Fallen Angels USD Bond ETF iShares Fallen Angels USD Bond ETF FALN NASDAQ This semi-annual shareholder report contains important information about iShares Fallen Angels USD Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration-line: none; font-family: 'arial'; font-size: 8pt; line-height: 10.4pt; text-align: justify;">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What were the Fund costs for the last six months?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); vertical-align: bottom; text-align: left; padding: 2pt 0 2pt 0;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs of a $10,000<br/>investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; vertical-align: bottom; text-align: left; padding: 4pt 0 2pt 0;">iShares Fallen Angels USD Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; padding: 4pt 0 2pt 0;"><span style="float: none;">$</span>13</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;">0.25<span>%</span><span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> </tr> </table> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Annualized.</div> </td> </tr> </table> 13 0.0025 <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; padding: 2pt 0 1.5pt 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); width: 12%; padding: 2pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;"><span style="float: none;">$</span>1,822,229,007</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;">162</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 1.6pt 6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 1.6pt 6pt;">15<span>%</span></td> </tr> </table> 1822229007 162 0.15 <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What did the Fund invest in?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; text-align: justify; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11.4pt; margin: 0px;">(as of April 30, 2026)</div> <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Credit quality allocation</div> <table style="break-inside: avoid-page; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: auto; padding: 1.6pt 0 0 6pt;">Moody's Credit Rating<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding: 1.6pt 0 0 6pt;">Percent of Total<br/>Investments<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding: 1.6pt 0 0 6pt;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">8.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">66.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">11.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">6.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 1.6pt 0;">5.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Maturity allocation</div> <table style="break-inside: avoid-page; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0 0 6pt;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"><em>Percent of Total</em><br/><em>Investments</em><sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">46.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">20.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">11.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">10.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;">10.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 0 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Excludes money market funds.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">*</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.083 0.664 0.118 0.068 0.010 0.057 0.007 0.465 0.206 0.112 0.104 0.106 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Floating Rate Bond ETF iShares Floating Rate Bond ETF FLOT This semi-annual shareholder report contains important information about iShares Floating Rate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Floating Rate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.15<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 8 0.0015 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>9,280,364,725</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">531</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">15<span>%</span></td> </tr> </table> 9280364725 531 0.15 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">23.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">25.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">43.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">6.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">25.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">74.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.230 0.255 0.439 0.063 0.003 0.010 0.252 0.748 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares GNMA Bond ETF iShares GNMA Bond ETF GNMA NASDAQ This semi-annual shareholder report contains important information about iShares GNMA Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares GNMA Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.09<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0009 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>414,286,760</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">341</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">133<span>%</span></td> </tr> </table> 414286760 341 1.33 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Maturity</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;">Percent of Total<br/> Investments<em></em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">20-25 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">22.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">25-30 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">62.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">30-35 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.00%, 02/20/51</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.50%, 10/20/55</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.00%, 12/20/51</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.00%, 05/20/53</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.00%, 05/20/56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.00%, 11/20/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.50%, 04/20/53</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.50%, 07/20/51</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.00%, 02/20/52</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 4.50%, 05/20/56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.014 0.001 0.052 0.228 0.628 0.077 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.00%, 02/20/51</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.50%, 10/20/55</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.00%, 12/20/51</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.00%, 05/20/53</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.00%, 05/20/56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.00%, 11/20/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 5.50%, 04/20/53</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.50%, 07/20/51</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 2.00%, 02/20/52</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Government National Mortgage Association, 4.50%, 05/20/56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.030 0.022 0.022 0.019 0.019 0.019 0.019 0.018 0.018 0.017 iShares High Yield Corporate Bond BuyWrite Strategy ETF iShares High Yield Corporate Bond BuyWrite Strategy ETF HYGW This semi-annual shareholder report contains important information about iShares High Yield Corporate Bond BuyWrite Strategy ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares High Yield Corporate Bond BuyWrite Strategy ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;"><span style="float:none">$</span>10<span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.20<span>%</span><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)(b)</sup></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-bottom: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 10 0.0020 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>108,433,407</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">3</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">2<span>%</span></td> </tr> </table> 108433407 3 0.02 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Portfolio composition</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Asset Type</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of</em><br/> <em>Net Assets</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">100.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-term Investments</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Options Written</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Other assets less liabilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td colspan="3" style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; color: rgb(0, 0, 0); vertical-align: bottom; padding-left: 0; white-space: normal; width: auto; font-weight: bold; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-top: 0; margin-bottom: 0;">Maturity allocation (of the underlying fund)<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> </tr> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">57.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">38.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">The underlying fund is iShares iBoxx $ High Yield Corporate Bond ETF.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 1.002 0.002 -0.003 -0.001 0.003 0.577 0.388 0.003 0.029 iShares iBonds 2026 Term High Yield and Income ETF iShares iBonds 2026 Term High Yield and Income ETF IBHF This semi-annual shareholder report contains important information about iShares iBonds 2026 Term High Yield and Income ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration-line: none; font-family: 'arial'; font-size: 8pt; line-height: 10.4pt; text-align: justify;">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What were the Fund costs for the last six months?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); vertical-align: bottom; text-align: left; padding: 2pt 0 2pt 0;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs of a $10,000<br/>investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; vertical-align: bottom; text-align: left; padding: 4pt 0 2pt 0;">iShares iBonds 2026 Term High Yield and Income ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; padding: 4pt 0 2pt 0;"><span style="float: none;">$</span>18</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;">0.35<span>%</span><span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> </tr> </table> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Annualized.</div> </td> </tr> </table> 18 0.0035 <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; padding: 2pt 0 1.5pt 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); width: 12%; padding: 2pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;"><span style="float: none;">$</span>997,970,626</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;">211</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 1.6pt 6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 1.6pt 6pt;">1<span>%</span></td> </tr> </table> 997970626 211 0.01 <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What did the Fund invest in?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; text-align: justify; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11.4pt; margin: 0px;">(as of April 30, 2026)</div> <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Credit quality allocation</div> <table style="break-inside: avoid-page; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: auto; padding: 1.6pt 0 0 6pt;">Moody's Credit Rating<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding: 1.6pt 0 0 6pt;">Percent of<br/>Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding: 1.6pt 0 0 6pt;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">27.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">41.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">11.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">4.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">5.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">8.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Ten largest holdings</div> <table style="break-inside: avoid-page; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0 0 6pt;">Security<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;">Percent of<br/>Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">IQVIA, Inc., 5.00%, 10/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">FMC Corp., 3.20%, 10/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">3.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.88%, 10/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Buckeye Partners LP, 3.95%, 12/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Air Canada, 3.88%, 08/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">RLJ Lodging Trust, 3.75%, 07/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Sirius XM Radio LLC, 3.13%, 09/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Block, Inc., 2.75%, 06/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Travel and Leisure Co., 6.63%, 07/31/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">SLM Corp., 3.13%, 11/02/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 0 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Excludes money market funds.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">*</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.003 0.274 0.419 0.112 0.048 0.005 0.057 0.082 <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Ten largest holdings</div> <table style="break-inside: avoid-page; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0 0 6pt;">Security<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;">Percent of<br/>Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">IQVIA, Inc., 5.00%, 10/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">FMC Corp., 3.20%, 10/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">3.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.88%, 10/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Buckeye Partners LP, 3.95%, 12/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Air Canada, 3.88%, 08/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">RLJ Lodging Trust, 3.75%, 07/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Sirius XM Radio LLC, 3.13%, 09/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Block, Inc., 2.75%, 06/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Travel and Leisure Co., 6.63%, 07/31/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">2.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">SLM Corp., 3.13%, 11/02/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;">2.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table>(a)Excludes money market funds. 0.034 0.032 0.029 0.029 0.027 0.027 0.024 0.024 0.023 0.022 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds 2027 Term High Yield and Income ETF iShares iBonds 2027 Term High Yield and Income ETF IBHG This semi-annual shareholder report contains important information about iShares iBonds 2027 Term High Yield and Income ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds 2027 Term High Yield and Income ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>18</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.35<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 18 0.0035 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>434,228,672</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">112</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">37<span>%</span></td> </tr> </table> 434228672 112 0.37 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">53.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">29.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">9.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">DISH Network Corp., 11.75%, 11/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SS&amp;C Technologies, Inc., 5.50%, 09/30/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Nissan Motor Co. Ltd., 4.35%, 09/17/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Rakuten Group, Inc., 11.25%, 02/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Tenet Healthcare Corp., 5.13%, 11/01/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Sirius XM Radio LLC, 5.00%, 08/01/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SBA Communications Corp., 3.88%, 02/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.25%, 05/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Centene Corp., 4.25%, 12/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.007 0.530 0.298 0.095 0.039 0.031 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">DISH Network Corp., 11.75%, 11/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SS&amp;C Technologies, Inc., 5.50%, 09/30/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Nissan Motor Co. Ltd., 4.35%, 09/17/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Rakuten Group, Inc., 11.25%, 02/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Tenet Healthcare Corp., 5.13%, 11/01/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Sirius XM Radio LLC, 5.00%, 08/01/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SBA Communications Corp., 3.88%, 02/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.25%, 05/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Centene Corp., 4.25%, 12/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.029 0.029 0.028 0.026 0.024 0.021 0.019 0.019 0.018 0.018 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds 2031 Term High Yield and Income ETF iShares iBonds 2031 Term High Yield and Income ETF IBHK This semi-annual shareholder report contains important information about iShares iBonds 2031 Term High Yield and Income ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds 2031 Term High Yield and Income ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>18</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.35<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 18 0.0035 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>56,523,391</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">250</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">16<span>%</span></td> </tr> </table> 56523391 250 0.16 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">42.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">45.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">5.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SV RNO Property Owner 1 LLC, 5.88%, 03/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Panther Escrow Issuer LLC, 7.13%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meridian Arc Holdco LLC, 6.25%, 04/30/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CCO Holdings LLC/CCO Holdings Capital Corp., 4.25%, 02/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Carvana Co., 9.00%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Allied Universal Holdco LLC, 7.88%, 02/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">UKG, Inc., 6.88%, 02/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Venture Global LNG, Inc., 8.38%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, 10/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Connect Holding II LLC, 10.50%, 04/03/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.010 0.428 0.458 0.057 0.027 0.020 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">SV RNO Property Owner 1 LLC, 5.88%, 03/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Panther Escrow Issuer LLC, 7.13%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meridian Arc Holdco LLC, 6.25%, 04/30/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CCO Holdings LLC/CCO Holdings Capital Corp., 4.25%, 02/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Carvana Co., 9.00%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Allied Universal Holdco LLC, 7.88%, 02/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">UKG, Inc., 6.88%, 02/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Venture Global LNG, Inc., 8.38%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, 10/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Connect Holding II LLC, 10.50%, 04/03/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.019 0.015 0.015 0.013 0.012 0.012 0.011 0.011 0.011 0.011 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2026 Term Corporate ETF iShares iBonds Dec 2026 Term Corporate ETF IBDR This semi-annual shareholder report contains important information about iShares iBonds Dec 2026 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2026 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>3,629,879,737</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">375</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">0<span>%</span></td> </tr> </table> 3629879737 375 0 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">12.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">39.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">32.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">8.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 2.95%, 11/21/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Microsoft Corp., 2.40%, 08/08/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.45%, 10/29/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Morgan Stanley, 3.13%, 07/27/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Citigroup, Inc., 3.20%, 10/21/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Wells Fargo &amp; Co., 3.00%, 10/23/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 2.65%, 07/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">JPMorgan Chase &amp; Co., 2.95%, 10/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Goldman Sachs Group, Inc. (The), 3.50%, 11/16/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">JPMorgan Chase Bank N.A., 5.11%, 12/08/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.024 0.129 0.398 0.324 0.018 0.021 0.086 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 2.95%, 11/21/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Microsoft Corp., 2.40%, 08/08/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.45%, 10/29/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Morgan Stanley, 3.13%, 07/27/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Citigroup, Inc., 3.20%, 10/21/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Wells Fargo &amp; Co., 3.00%, 10/23/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 2.65%, 07/15/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">JPMorgan Chase &amp; Co., 2.95%, 10/01/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Goldman Sachs Group, Inc. (The), 3.50%, 11/16/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">JPMorgan Chase Bank N.A., 5.11%, 12/08/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.011 0.011 0.010 0.009 0.009 0.008 0.008 0.008 0.008 0.007 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2027 Term Corporate ETF iShares iBonds Dec 2027 Term Corporate ETF IBDS This semi-annual shareholder report contains important information about iShares iBonds Dec 2027 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2027 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>3,787,466,585</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">669</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">2<span>%</span></td> </tr> </table> 3787466585 669 0.02 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">8.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">38.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">44.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">T-Mobile USA, Inc., 3.75%, 04/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Microsoft Corp., 3.30%, 02/06/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Citigroup, Inc., 4.45%, 09/29/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 3.15%, 08/22/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Morgan Stanley, 3.63%, 01/20/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Goldman Sachs Group, Inc. (The), 3.85%, 01/26/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 3.25%, 11/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 3.50%, 08/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Alibaba Group Holding Ltd., 3.40%, 12/06/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Wells Fargo &amp; Co., 4.30%, 07/22/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.033 0.089 0.388 0.442 0.018 0.016 0.014 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">T-Mobile USA, Inc., 3.75%, 04/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Microsoft Corp., 3.30%, 02/06/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Citigroup, Inc., 4.45%, 09/29/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 3.15%, 08/22/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Morgan Stanley, 3.63%, 01/20/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Goldman Sachs Group, Inc. (The), 3.85%, 01/26/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 3.25%, 11/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 3.50%, 08/15/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Alibaba Group Holding Ltd., 3.40%, 12/06/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Wells Fargo &amp; Co., 4.30%, 07/22/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.007 0.007 0.007 0.006 0.005 0.005 0.005 0.005 0.005 0.005 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2028 Term Corporate ETF iShares iBonds Dec 2028 Term Corporate ETF IBDT This semi-annual shareholder report contains important information about iShares iBonds Dec 2028 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2028 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>3,834,628,609</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">722</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">4<span>%</span></td> </tr> </table> 3834628609 722 0.04 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">8.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">36.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">48.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CVS Health Corp., 4.30%, 03/25/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pfizer Investment Enterprises Pte. Ltd., 4.45%, 05/19/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amgen, Inc., 5.15%, 03/02/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Cigna Group (The), 4.38%, 10/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.00%, 10/29/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Salesforce, Inc., 4.50%, 03/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">RTX Corp., 4.13%, 11/16/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Morgan Stanley, 3.59%, 07/22/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Comcast Corp., 4.15%, 10/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Verizon Communications, Inc., 4.33%, 09/21/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.014 0.082 0.367 0.488 0.016 0.016 0.017 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">CVS Health Corp., 4.30%, 03/25/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pfizer Investment Enterprises Pte. Ltd., 4.45%, 05/19/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amgen, Inc., 5.15%, 03/02/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Cigna Group (The), 4.38%, 10/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.00%, 10/29/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Salesforce, Inc., 4.50%, 03/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">RTX Corp., 4.13%, 11/16/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Morgan Stanley, 3.59%, 07/22/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Comcast Corp., 4.15%, 10/15/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Verizon Communications, Inc., 4.33%, 09/21/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.009 0.007 0.007 0.007 0.006 0.005 0.005 0.005 0.005 0.005 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2029 Term Corporate ETF iShares iBonds Dec 2029 Term Corporate ETF IBDU This semi-annual shareholder report contains important information about iShares iBonds Dec 2029 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2029 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>3,730,397,848</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">654</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">6<span>%</span></td> </tr> </table> 3730397848 654 0.06 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">6.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">37.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">49.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 3.20%, 11/21/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Salesforce, Inc., 4.65%, 03/15/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Verizon Communications, Inc., 4.02%, 12/03/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">International Business Machines Corp., 3.50%, 05/15/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 4.35%, 03/01/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 4.55%, 02/04/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Anheuser-Busch InBev Worldwide, Inc., 4.75%, 01/23/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Fiserv, Inc., 3.50%, 07/01/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 4.00%, 03/13/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Sumitomo Mitsui Financial Group, Inc., 3.04%, 07/16/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.008 0.064 0.372 0.494 0.025 0.019 0.018 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 3.20%, 11/21/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Salesforce, Inc., 4.65%, 03/15/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Verizon Communications, Inc., 4.02%, 12/03/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">International Business Machines Corp., 3.50%, 05/15/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 4.35%, 03/01/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 4.55%, 02/04/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Anheuser-Busch InBev Worldwide, Inc., 4.75%, 01/23/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Fiserv, Inc., 3.50%, 07/01/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 4.00%, 03/13/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Sumitomo Mitsui Financial Group, Inc., 3.04%, 07/16/29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.010 0.007 0.007 0.006 0.006 0.006 0.006 0.006 0.006 0.005 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2030 Term Corporate ETF iShares iBonds Dec 2030 Term Corporate ETF IBDV This semi-annual shareholder report contains important information about iShares iBonds Dec 2030 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2030 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>3,042,003,995</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">730</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">2<span>%</span></td> </tr> </table> 3042003995 730 0.02 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">9.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">35.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">49.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">T-Mobile USA, Inc., 3.88%, 04/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Boeing Co. (The), 5.15%, 05/01/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Deutsche Telekom International Finance BV, 8.75%, 06/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.20%, 11/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">British Telecommunications PLC, 9.63%, 12/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pacific Gas and Electric Co., 4.55%, 07/01/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pfizer Investment Enterprises Pte. Ltd., 4.65%, 05/19/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 4.30%, 02/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 2.95%, 04/01/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amgen, Inc., 5.25%, 03/02/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.014 0.096 0.350 0.492 0.011 0.017 0.020 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">T-Mobile USA, Inc., 3.88%, 04/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Boeing Co. (The), 5.15%, 05/01/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Deutsche Telekom International Finance BV, 8.75%, 06/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.20%, 11/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">British Telecommunications PLC, 9.63%, 12/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pacific Gas and Electric Co., 4.55%, 07/01/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Pfizer Investment Enterprises Pte. Ltd., 4.65%, 05/19/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 4.30%, 02/15/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 2.95%, 04/01/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amgen, Inc., 5.25%, 03/02/30</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.012 0.008 0.007 0.006 0.006 0.005 0.005 0.005 0.005 0.005 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2030 Term Muni Bond ETF iShares iBonds Dec 2030 Term Muni Bond ETF IBMS This semi-annual shareholder report contains important information about iShares iBonds Dec 2030 Term Muni Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2030 Term Muni Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.18<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 9 0.0018 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>282,057,271</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">1,643</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">1<span>%</span></td> </tr> </table> 282057271 1643 0.01 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">S&amp;P Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">AAA</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">24.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">AA+</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">17.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">AA</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">19.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">AA-</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">13.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A+</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">4.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A-</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">BBB+</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">BBB</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">13.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest states</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">State</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Texas</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">California</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">New York</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Florida</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Washington</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Illinois</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Ohio</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Maryland</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Connecticut</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">North Carolina</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by S&amp;P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&amp;P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.241 0.177 0.198 0.134 0.048 0.036 0.016 0.001 0.002 0.136 0.011 0.141 0.116 0.103 0.046 0.041 0.038 0.030 0.030 0.027 0.023 Credit quality ratings shown reflect the ratings assigned by S&amp;P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&amp;P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by S&amp;P Global Ratings, a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2031 Term Corporate ETF iShares iBonds Dec 2031 Term Corporate ETF IBDW This semi-annual shareholder report contains important information about iShares iBonds Dec 2031 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2031 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>2,348,710,688</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">555</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">10<span>%</span></td> </tr> </table> 2348710688 555 0.10 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">6.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">32.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">53.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 4.25%, 03/13/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 4.95%, 02/04/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Verizon Communications, Inc., 2.55%, 03/21/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.55%, 05/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Salesforce, Inc., 4.90%, 09/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 2.88%, 03/25/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Orange SA, 9.00%, 03/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Abbott Laboratories, 4.00%, 03/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 2.75%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 2.10%, 05/12/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.011 0.068 0.324 0.536 0.024 0.032 0.005 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 4.25%, 03/13/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 4.95%, 02/04/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Verizon Communications, Inc., 2.55%, 03/21/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.55%, 05/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Salesforce, Inc., 4.90%, 09/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Oracle Corp., 2.88%, 03/25/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Orange SA, 9.00%, 03/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Abbott Laboratories, 4.00%, 03/15/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 2.75%, 06/01/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Amazon.com, Inc., 2.10%, 05/12/31</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.008 0.008 0.008 0.008 0.008 0.007 0.007 0.007 0.007 0.007 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2034 Term Corporate ETF iShares iBonds Dec 2034 Term Corporate ETF IBDZ This semi-annual shareholder report contains important information about iShares iBonds Dec 2034 Term Corporate ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2034 Term Corporate ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.10<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 5 0.0010 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>844,488,526</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">373</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">1<span>%</span></td> </tr> </table> 844488526 373 0.01 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">7.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">32.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">55.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 3.47%, 04/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 5.05%, 03/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 5.40%, 02/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.75%, 08/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Boeing Co. (The), 6.53%, 05/01/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Bristol-Myers Squibb Co., 5.20%, 02/22/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Cisco Systems, Inc., 5.05%, 02/26/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Kroger Co. (The), 5.00%, 09/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Citibank N.A., 5.57%, 04/30/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">BP Capital Markets America, Inc., 5.23%, 11/17/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.002 0.075 0.321 0.557 0.017 0.009 0.019 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Ten largest holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Broadcom, Inc., 3.47%, 04/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AbbVie, Inc., 5.05%, 03/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">AT&amp;T, Inc., 5.40%, 02/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Meta Platforms, Inc., 4.75%, 08/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Boeing Co. (The), 6.53%, 05/01/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Bristol-Myers Squibb Co., 5.20%, 02/22/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Cisco Systems, Inc., 5.05%, 02/26/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Kroger Co. (The), 5.00%, 09/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Citibank N.A., 5.57%, 04/30/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">BP Capital Markets America, Inc., 5.23%, 11/17/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.010 0.010 0.009 0.008 0.008 0.008 0.008 0.007 0.007 0.006 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2034 Term Treasury ETF iShares iBonds Dec 2034 Term Treasury ETF IBTP NASDAQ This semi-annual shareholder report contains important information about iShares iBonds Dec 2034 Term Treasury ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2034 Term Treasury ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.07<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 3 0.0007 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>266,483,571</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">4</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">1<span>%</span></td> </tr> </table> 266483571 4 0.01 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">98.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.38%, 05/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">25.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.25%, 11/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.00%, 02/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.88%, 08/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.983 0.017 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.38%, 05/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">25.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.25%, 11/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.00%, 02/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.88%, 08/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.250 0.248 0.243 0.242 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2044 Term Treasury ETF iShares iBonds Dec 2044 Term Treasury ETF IBGA NASDAQ This semi-annual shareholder report contains important information about iShares iBonds Dec 2044 Term Treasury ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2044 Term Treasury ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.07<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 3 0.0007 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>92,257,287</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">8</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">1<span>%</span></td> </tr> </table> 92257287 8 0.01 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">98.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.63%, 05/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.63%, 11/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.50%, 02/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.13%, 08/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">15.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.13%, 08/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.63%, 02/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.00%, 11/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.38%, 05/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.981 0.019 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.63%, 05/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.63%, 11/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.50%, 02/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.13%, 08/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">15.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.13%, 08/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.63%, 02/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.00%, 11/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 3.38%, 05/15/44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.168 0.168 0.165 0.157 0.091 0.082 0.076 0.074 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Dec 2054 Term Treasury ETF iShares iBonds Dec 2054 Term Treasury ETF IBGK NASDAQ This semi-annual shareholder report contains important information about iShares iBonds Dec 2054 Term Treasury ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares iBonds Dec 2054 Term Treasury ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.07<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 3 0.0007 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>3,471,133</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">4</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">2<span>%</span></td> </tr> </table> 3471133 4 0.02 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">98.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.63%, 05/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">25.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.50%, 11/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.25%, 08/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">23.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.25%, 02/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">23.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.980 0.020 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of<br/> Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.63%, 05/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">25.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.50%, 11/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">24.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.25%, 08/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">23.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes/Bonds, 4.25%, 02/15/54</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">23.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(a)Excludes money market funds. 0.254 0.249 0.239 0.238 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares iBonds Oct 2034 Term TIPS ETF iShares iBonds Oct 2034 Term TIPS ETF IBIK This semi-annual shareholder report contains important information about iShares iBonds Oct 2034 Term TIPS ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration-line: none; font-family: 'arial'; font-size: 8pt; line-height: 10.4pt; text-align: justify;">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What were the Fund costs for the last six months?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); vertical-align: bottom; text-align: left; padding: 2pt 0 2pt 0;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs of a $10,000<br/>investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; vertical-align: bottom; text-align: left; padding: 4pt 0 2pt 0;">iShares iBonds Oct 2034 Term TIPS ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; padding: 4pt 0 2pt 0;"><span style="float: none;">$</span>5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;">0.10<span>%</span><span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> </tr> </table> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Annualized.</div> </td> </tr> </table> 5 0.0010 <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; padding: 2pt 0 1.5pt 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); width: 12%; padding: 2pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;"><span style="float: none;">$</span>83,118,478</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;">2</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 1.6pt 6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 1.6pt 6pt;">1<span>%</span></td> </tr> </table> 83118478 2 0.01 <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What did the Fund invest in?</div><div style="font-weight: 400; font-kerning: none; font-family: 'arial'; text-align: justify; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11.4pt; margin: 0px;">(as of April 30, 2026)</div><div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Credit quality allocation</div> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: auto; padding: 1.6pt 0 0 6pt;">Moody's Credit Rating<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding: 1.6pt 0 0 6pt;">Percent of<br/>Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding: 1.6pt 0 0 6pt;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">99.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-family: 'arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Short-Term and Other Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 2pt 0 0 0;">0.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table><div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">All holdings</div> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0 0 6pt;">Security<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;">Percent of<br/>Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">U.S. Treasury Inflation Indexed Bonds, 1.88%, 07/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">50.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">U.S. Treasury Inflation Indexed Bonds, 1.75%, 01/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;">48.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 0 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Excludes money market funds.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">*</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.995 0.005 <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">All holdings</div> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0 0 6pt;">Security<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;">Percent of<br/>Net Assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">U.S. Treasury Inflation Indexed Bonds, 1.88%, 07/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;">50.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">U.S. Treasury Inflation Indexed Bonds, 1.75%, 01/15/34</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;">48.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table>(a)Excludes money market funds. 0.509 0.486 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares International Treasury Bond ETF iShares International Treasury Bond ETF IGOV NASDAQ This semi-annual shareholder report contains important information about iShares International Treasury Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares International Treasury Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>17</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.35<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 17 0.0035 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>1,153,112,154</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">959</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">20<span>%</span></td> </tr> </table> 1153112154 959 0.20 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">29.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">32.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">24.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">11.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">2.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Geographic allocation</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Country/Geographic Region</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Italy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Spain</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Netherlands</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Australia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Austria</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Other<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">34.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other.</div></td> </tr> </table> 0.293 0.320 0.244 0.116 0.027 0.114 0.088 0.079 0.069 0.068 0.053 0.046 0.046 0.046 0.046 0.345 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Investment Grade Corporate Bond BuyWrite Strategy ETF iShares Investment Grade Corporate Bond BuyWrite Strategy ETF LQDW This semi-annual shareholder report contains important information about iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration-line: none; font-family: 'arial'; font-size: 8pt; line-height: 10.4pt; text-align: justify;">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What were the Fund costs for the last six months?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); vertical-align: bottom; text-align: left; padding: 2pt 0 2pt 0;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs of a $10,000<br/>investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; vertical-align: bottom; padding: 2pt 0 2pt 0;">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; vertical-align: bottom; text-align: left; padding: 4pt 0 2pt 0;">iShares Investment Grade Corporate Bond BuyWrite Strategy ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;"><span style="float: none;">$</span>10<span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap; padding: 4pt 0 2pt 0;">0.20<span>%</span><sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)(b)</sup></td> </tr> </table> <table style="page-break-inside: avoid; margin-top: 2pt; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">​<sup style="line-height: 0px; font-size: 6pt; vertical-align: super;">(b)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; margin-bottom: 0; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; color: rgb(0, 0, 0); padding: 0px; margin: 0px;">Annualized.</div> </td> </tr> </table> 10 0.0020 <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; padding: 2pt 0 1.5pt 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); width: 12%; padding: 2pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;"><span style="float: none;">$</span>268,961,968</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 0 6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 0 6pt;">3</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; text-align: left; width: 100%; text-indent: -6pt; padding: 1.6pt 6pt 1.6pt 6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; white-space: nowrap; width: 12%; padding: 1.6pt 6pt 1.6pt 6pt;">1<span>%</span></td> </tr> </table> 268961968 3 0.01 <div style="font-kerning: none; font-family: 'arial'; font-size: 10pt; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px -0.18pt 0px;">What did the Fund invest in?</div> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; text-align: justify; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11.4pt; margin: 0px;">(as of April 30, 2026)</div> <div style="font-family: 'arial'; font-weight: bold; font-size: 10pt; text-align: left; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); background-color: rgb(118, 188, 33); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding: 2pt 0px 1.5pt 0px; margin: 0px;">Portfolio composition</div> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: auto; padding: 1.6pt 0 0 6pt;"><em>Asset Type</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap; padding: 2pt 0 0 0;"><em>Percent of</em><br/><em>Net Assets</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap; padding: 1.6pt 0 0 0;"></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 0 0;">99.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Short-term Investments</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 0 0;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 0 6pt;">Options Written</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 0 0;">(0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 0 0;"><span>)</span><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0 1.6pt 6pt;">Other assets less liabilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 2pt 0 1.6pt 0;">(0.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); text-align: left; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; padding: 1.6pt 0 1.6pt 0;"><span>)</span><span style="visibility: hidden; margin-left: -7pt;">%</span><span style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; margin-top: 0px; height: 121.625px;"> <tr style="break-after: avoid; break-inside: avoid; height: 15px; border-bottom: 0.5pt solid rgb(0, 0, 0);"> <td colspan="3" style="break-inside: avoid; font-family: Arial; color: rgb(0, 0, 0); vertical-align: bottom; white-space: normal; width: auto; font-weight: bold; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0px; letter-spacing: normal; text-transform: none; font-kerning: none; background-color: rgb(118, 188, 33); border-bottom: 0.5pt solid rgb(0, 0, 0); margin-top: 0px; margin-bottom: 0px; padding: 2pt 0px 1.5pt; height: 15px;">Credit quality allocation (of the underlying fund)<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(b)</sup></td> </tr> <tr style="break-after: avoid; break-inside: avoid; height: 26.6562px; border-bottom: 0.5pt solid rgb(0, 0, 0);"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal; padding: 1.6pt 0px 0px 6pt; height: 26.6562px;"><em>Credit Rating<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(c)</sup></em></td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0px 0px; height: 26.6562px;"><em>Percent of Total<br/>Investments<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(d)</sup></em></td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; font-kerning: none; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic; padding: 1.6pt 0px 0px; height: 26.6562px;"></td> </tr> <tr style="break-inside: avoid; height: 13.3281px; border-bottom: initial initial;"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom: initial initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0px 0px 6pt; height: 13.3281px;">Aaa</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;">2.2</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;"><span>%</span></td> </tr> <tr style="break-inside: avoid; height: 13.3281px; border-bottom: initial initial;"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom: initial initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0px 0px 6pt; height: 13.3281px;">Aa</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;">9.8</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid; height: 13.3281px; border-bottom: initial initial;"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom: initial initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0px 0px 6pt; height: 13.3281px;">A</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;">47.6</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid; height: 13.3281px; border-bottom: initial initial;"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom: initial initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0px 0px 6pt; height: 13.3281px;">Baa</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;">37.9</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid; height: 13.3281px; border-bottom: initial initial;"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom: initial initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0px 0px 6pt; height: 13.3281px;">Ba</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;">1.9</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px 0px; height: 13.3281px;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> <tr style="break-inside: avoid; height: 13.3281px; border-bottom: 0.5pt solid rgb(0, 0, 0);"> <td style="break-inside: avoid; font-family: Arial; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); font-style: normal; border-bottom: initial initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt; padding: 1.6pt 0px 1.6pt 6pt; height: 13.3281px;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; text-align: right; vertical-align: bottom; font-kerning: none; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px; height: 13.3281px;">0.6</td> <td style="font-weight: 400; break-inside: avoid; font-family: Arial; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom: initial initial; padding: 1.6pt 0px; height: 13.3281px;"><span style="visibility: hidden; margin-left: -7pt;">%</span></td> </tr> </table> <table style="page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; break-inside: avoid; margin-top: 0px;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 1.6pt 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(a)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; width: 100%; padding: 1.6pt 0 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Rounds to greater than (0.1)%.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(b)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">The underlying fund is iShares iBoxx $ Investment Grade Corporate Bond ETF.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(c)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: initial; text-indent: 0; padding: 0 6pt 0 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">​<sup style="vertical-align: 0.5em; font-size: smaller; line-height: 0px;">(d)</sup></div> </td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; width: 100%; padding: 0;"> <div style="font-weight: 400; font-kerning: none; font-family: 'arial'; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding: 0px; margin: 0px;">Excludes money market funds.</div> </td> </tr> </table> 0.999 0.002 -0.001 -0.000 0.022 0.098 0.476 0.379 0.019 0.006 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares J.P. Morgan Broad USD Emerging Markets Bond ETF iShares J.P. Morgan Broad USD Emerging Markets Bond ETF BEMB This semi-annual shareholder report contains important information about iShares J.P. Morgan Broad USD Emerging Markets Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares J.P. Morgan Broad USD Emerging Markets Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.15<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 8 0.0015 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>42,634,959</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">260</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">10<span>%</span></td> </tr> </table> 42634959 260 0.10 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">10.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">14.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">34.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">17.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">7.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">8.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">7.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Geographic allocation</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Country/Geographic Region</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Saudi Arabia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">China</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Mexico</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Turkey</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Brazil</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">United Arab Emirates</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Indonesia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Chile</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">India</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">South Korea</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Other<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">61.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other.</div></td> </tr> </table> 0.101 0.144 0.340 0.177 0.078 0.081 0.009 0.070 0.055 0.052 0.049 0.037 0.035 0.034 0.034 0.033 0.029 0.029 0.613 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares J.P. Morgan USD Emerging Markets Bond ETF iShares J.P. Morgan USD Emerging Markets Bond ETF EMB NASDAQ This semi-annual shareholder report contains important information about iShares J.P. Morgan USD Emerging Markets Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares J.P. Morgan USD Emerging Markets Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>20</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.39<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 20 0.0039 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>14,383,718,249</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">680</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">10<span>%</span></td> </tr> </table> 14383718249 680 0.10 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">7.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">10.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">36.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">20.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">9.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">11.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">3.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Geographic allocation</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Country/Geographic Region</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Saudi Arabia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Mexico</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Turkey</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Indonesia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Brazil</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Poland</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Chile</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Philippines</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Dominican Republic</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Hungary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Other<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">57.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">#</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other.</div></td> </tr> </table> 0.077 0.104 0.369 0.200 0.092 0.111 0.016 0.031 0.063 0.063 0.048 0.044 0.039 0.036 0.035 0.034 0.034 0.034 0.570 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Russell 2000 BuyWrite ETF iShares Russell 2000 BuyWrite ETF IWMW This semi-annual shareholder report contains important information about iShares Russell 2000 BuyWrite ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Russell 2000 BuyWrite ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;"><span style="float:none">$</span>10<span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.20<span>%</span><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)(b)</sup></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. </div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-bottom: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 10 0.0020 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>50,834,749</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">3</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">7<span>%</span></td> </tr> </table> 50834749 3 0.07 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Portfolio composition</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Asset Type</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of</em><br/> <em>Net Assets</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">102.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-term Investments</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Options Written</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td colspan="3" style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; color: rgb(0, 0, 0); vertical-align: bottom; padding-left: 0; white-space: normal; width: auto; font-weight: bold; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-top: 0; margin-bottom: 0;">Sector allocation (of the underlying fund)<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> </tr> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Sector</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">19.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">16.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">The underlying fund is iShares Russell 2000 ETF.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 1.022 0.002 -0.024 0.192 0.166 0.164 0.163 0.081 0.063 0.052 0.047 0.029 0.026 0.017 iShares S&P 500 BuyWrite ETF iShares S&P 500 BuyWrite ETF IVVW This semi-annual shareholder report contains important information about iShares S&amp;P 500 BuyWrite ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares S&amp;P 500 BuyWrite ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;"><span style="float:none">$</span>11<span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.22<span>%</span><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)(b)</sup></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-bottom: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 11 0.0022 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>269,988,656</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">3</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">4<span>%</span></td> </tr> </table> 269988656 3 0.04 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Portfolio composition</div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Asset Type</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of</em><br/> <em>Net Assets</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">102.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-term Investments</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Options Written</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Other assets less liabilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(0.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span><span style="visibility:hidden;margin-left:-7pt">%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td colspan="3" style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; color: rgb(0, 0, 0); vertical-align: bottom; padding-left: 0; white-space: normal; width: auto; font-weight: bold; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-top: 0; margin-bottom: 0;">Sector allocation (of the underlying fund)<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> </tr> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Sector</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(c)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">35.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">12.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Rounds to greater than (0.1)%.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">The underlying fund is iShares Core S&amp;P 500 ETF.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(c)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 1.022 0.002 -0.024 -0.000 0.350 0.120 0.111 0.100 0.088 0.085 0.049 0.035 0.024 0.019 0.019 iShares Systematic Bond ETF iShares Systematic Bond ETF SYSB This semi-annual shareholder report contains important information about iShares Systematic Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Systematic Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>12</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.24<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 12 0.0024 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>1,020,628,447</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">855</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">140<span>%</span></td> </tr> </table> 1020628447 855 1.40 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">18.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">33.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">6.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">22.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">7.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">B</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">9.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Caa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ca</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">0.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">30.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">32.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">28.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.184 0.337 0.064 0.229 0.078 0.090 0.011 0.001 0.006 0.305 0.323 0.046 0.042 0.284 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. iShares Treasury Floating Rate Bond ETF iShares Treasury Floating Rate Bond ETF TFLO This semi-annual shareholder report contains important information about iShares Treasury Floating Rate Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares Treasury Floating Rate Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.15<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 8 0.0015 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>6,698,965,241</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">9</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">24<span>%</span></td> </tr> </table> 6698965241 9 0.24 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-style: italic; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"><em>Percent of Total<br/> Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; font-style: italic; white-space: nowrap;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">54.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">1-2 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">45.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; width: auto; font-size: 8pt; line-height: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.85%, 10/31/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.83%, 10/31/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.80%, 04/30/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.74%, 01/31/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.83%, 07/31/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.74%, 01/31/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.80%, 07/31/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">12.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.75%, 04/30/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.547 0.453 <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">All holdings</div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;">Security</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.85%, 10/31/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.4</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.83%, 10/31/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.1</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.80%, 04/30/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.74%, 01/31/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.83%, 07/31/26</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.74%, 01/31/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.0</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.80%, 07/31/27</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">12.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">U.S. Treasury Notes, 3.75%, 04/30/28</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> </table> 0.144 0.141 0.136 0.135 0.132 0.130 0.129 0.053 iShares USD Green Bond ETF iShares USD Green Bond ETF BGRN NASDAQ This semi-annual shareholder report contains important information about iShares USD Green Bond ETF (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span><b>.</b> You can also request this information by contacting us at 1‑800‑iShares (1‑800‑474‑2737). blackrock.com/fundreports 1‑800‑iShares (1‑800‑474‑2737) <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What were the Fund costs for the last six months?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">Fund name</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; font-weight: bold; background-color: rgb(118, 188, 33); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; text-align: left;">iShares USD Green Bond ETF</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom;"><span style="float:none">$</span>10</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; text-align: center; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; vertical-align: bottom; white-space: nowrap;">0.20<span>%</span><span style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</span></td> </tr> </table> <table style="page-break-inside:avoid;margin-top:2pt;break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; line-height: 9pt; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 6pt; text-align: left; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="line-height:0px;font-size:6pt;vertical-align:super">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; color: rgb(0, 0, 0); text-align: center; margin-bottom: 0; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Annualized.</div></td> </tr> </table> 10 0.0020 <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; width: auto; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Key Fund statistics</td> <td style="font-size: 9pt; font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: 12%;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;"><span style="float:none">$</span>469,699,330</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 6pt; white-space: nowrap; width: 12%;">320</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; text-align: left; width: 100%; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; font-weight: normal; vertical-align: bottom; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 1.6pt; padding-left: 6pt; white-space: nowrap; width: 12%;">7<span>%</span></td> </tr> </table> 469699330 320 0.07 <div style="margin-top:0px;margin-right:0px;margin-bottom:-0.18pt;margin-left:0px;font-kerning:none;font-family:'arial';font-size:10pt;font-weight:bold;color:rgb(0, 0, 0);">What did the Fund invest in?</div><div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';text-align:justify;color:rgb(0, 0, 0);font-size:9pt;line-height:11.4pt;">(as of April 30, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Credit quality allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; font-weight: normal; text-align: left; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;">Moody's Credit Rating<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-kerning: none; color: rgb(0, 0, 0); padding-right: 0; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;">Percent of Total<br/> Investments<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); padding-left: 6pt; width: auto; text-align: left; font-family: 'Arial'; font-style: italic; font-size: 8pt; line-height: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; white-space: nowrap; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">12.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">22.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">22.7</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">34.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">1.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;">6.2</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); padding-left: 0; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; width: auto;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'arial';font-weight:bold;font-size:10pt;text-align:left;letter-spacing:normal;text-transform:none;font-kerning:none;color:rgb(0, 0, 0);background-color:rgb(118, 188, 33);border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt;padding-top:2pt;padding-right:0px;padding-bottom:1.5pt;padding-left:0px;">Maturity allocation </div> <table style="break-inside:avoid-page;page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: italic; font-weight: normal; text-align: left; vertical-align: bottom; text-indent: -6pt; width: 100%; white-space: normal;"><em>Maturity</em></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"><em>Percent of Total</em><br/> <em>Investments</em><sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; padding-left: 0; width: auto; text-align: left; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom; font-style: italic;"></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">0-1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.5</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">1-5 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">39.6</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">5-10 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">34.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">10-15 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.9</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">15-20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; overflow-x: hidden; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; color: rgb(0, 0, 0); font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; vertical-align: bottom; text-indent: -6pt;">More than 20 Years</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; text-align: right; vertical-align: bottom; font-kerning: none; padding-right: 0; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-bottom: 1.6pt; padding-left: 0; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.8</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; vertical-align: bottom; font-kerning: none; padding-left: 0; text-align: left; white-space: nowrap; font-size: 8pt; line-height: 10pt; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; color: rgb(0, 0, 0); width: auto; font-style: normal; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="page-break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;break-inside:avoid;margin-top:0px"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; text-indent: 0; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Excludes money market funds.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; text-indent: 0;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-kerning: none; color: rgb(0, 0, 0); font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; vertical-align: top; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="font-weight:400;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-kerning:none;font-family:'arial';color:rgb(0, 0, 0);font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;">Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div></td> </tr> </table> 0.127 0.223 0.227 0.343 0.018 0.062 0.105 0.396 0.349 0.009 0.003 0.138 Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Excludes money market funds. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Rounds to less than 0.1%. Annualized. Annualized. Excludes money market funds. Annualized. Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. The Fund commenced operations during the reporting period. Expenses for a full reporting period would be higher than the amount shown. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. Annualized. The underlying fund is iShares iBoxx $ High Yield Corporate Bond ETF. Excludes money market funds. Annualized. Annualized. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.  Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Rounds to greater than (0.1)%. Annualized. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. The underlying fund is iShares 20+ Year Treasury Bond ETF. Excludes money market funds. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. Annualized. The underlying fund is iShares iBoxx $ Investment Grade Corporate Bond ETF. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Annualized. Rounds to greater than (0.1)%. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Excludes money market funds. Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.  Annualized. The underlying fund is iShares Russell 2000 ETF. Excludes money market funds. Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. Annualized. Rounds to greater than (0.1)%. The underlying fund is iShares Core S&P 500 ETF. Excludes money market funds. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Annualized. Excludes money market funds. Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. Annualized. Excludes money market funds. Annualized.