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        <name>ACADEMY SPORTS AND OUTDOORS, INC.</name>
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        <name>TARGA RESOURCES CORP.</name>
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        <name>MR. COOPER GROUP INC.</name>
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        <name>URANIUM ENERGY CORP.</name>
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        <name>CINEMARK HOLDINGS, INC.</name>
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        <name>LyondellBasell Industries N.V.</name>
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        <name>INVITATION HOMES INC.</name>
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        <name>Texas Pacific Land Corp</name>
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        <name>AST SPACEMOBILE, INC.</name>
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        <name>CHORD ENERGY CORPORATION</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>INTEGER HOLDINGS CORPORATION</name>
        <lei>549300SUD2ED5XG6X569</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INNOVEX INTERNATIONAL, INC.</name>
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        <name>PHILLIPS 66</name>
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        <name>WESTLAKE CORPORATION</name>
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        <name>MATCH GROUP, INC.</name>
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        <name>Viper Energy, Inc.</name>
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        <name>NOBLE CORPORATION PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NRG ENERGY, INC.</name>
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        <name>NATERA, INC.</name>
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        <name>COMFORT SYSTEMS USA, INC.</name>
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        <name>HF SINCLAIR CORPORATION</name>
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        <name>Seadrill Limited</name>
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        <name>TEXAS CAPITAL BANCSHARES, INC.</name>
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        <name>Coterra Energy Inc.</name>
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        <name>PRIMORIS SERVICES CORPORATION</name>
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        <name>DNOW INC.</name>
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        <name>ATI INC</name>
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        <name>SOUTHWEST AIRLINES CO.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>SOUTHWEST AIRLINES CO</title>
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        <name>MICROVAST HOLDINGS, INC.</name>
        <lei>549300J4UX9OMHSTKS35</lei>
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        <name>YETI HOLDINGS, INC.</name>
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        <name>PROPETRO HOLDING CORP.</name>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <name>LENNOX INTERNATIONAL INC.</name>
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        <name>Castle Biosciences Inc</name>
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        <name>AT&amp;T INC.</name>
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        <name>INTERNATIONAL BANCSHARES CORPORATION</name>
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        <name>TIDEWATER INC.</name>
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        <name>HOWARD HUGHES HOLDINGS INC.</name>
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        <name>CHAMPIONX CORPORATION</name>
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        <name>ADDUS HOMECARE CORPORATION</name>
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        <name>WEATHERFORD INTERNATIONAL PUBLIC LIMITED COMPANY</name>
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        <name>CONCENTRA GROUP HOLDINGS PARENT, INC.</name>
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        <name>TALOS ENERGY INC.</name>
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        <name>SABLE OFFSHORE CORP.</name>
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        <name>STEWART INFORMATION SERVICES CORPORATION</name>
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        <name>FLEX LTD.</name>
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        <name>TALEN ENERGY CORP</name>
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        <name>OCEANEERING INTERNATIONAL, INC.</name>
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        <name>WINGSTOP INC.</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
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        <name>NPK INTERNATIONAL INC.</name>
        <lei>54930073OHWDQW4DJN26</lei>
        <title>NPK INTERNATIONAL INC</title>
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        <name>BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares</name>
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        <name>Aris Water Solutions Inc</name>
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        <name>NOV INC.</name>
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        <name>ARCHROCK INC.</name>
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        <name>SELECT WATER SOLUTIONS, INC.</name>
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        <name>THE CHARLES SCHWAB CORPORATION</name>
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        <name>QUANEX BUILDING PRODUCTS CORPORATION</name>
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        <name>MATADOR RESOURCES COMPANY</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MURPHY OIL CORPORATION</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>NEXTDECADE CORPORATION</name>
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        <name>COPART, INC.</name>
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        <name>ENHABIT, INC.</name>
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        <name>SOUTHSIDE BANCSHARES, INC.</name>
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        <name>INSPERITY, INC.</name>
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        <name>EAGLE MATERIALS INC.</name>
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        <name>PATTERSON-UTI ENERGY, INC.</name>
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      <invstOrSec>
        <name>CATERPILLAR INC.</name>
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        <name>TPG INC.</name>
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        <name>CIRRUS LOGIC, INC.</name>
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        <name>U. S. PHYSICAL THERAPY, INC.</name>
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        <name>ALKAMI TECHNOLOGY, INC.</name>
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        <name>ALAMO GROUP INC.</name>
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        <name>BUILDERS FIRSTSOURCE, INC.</name>
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        <name>ATLAS ENERGY SOLUTIONS INC.</name>
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        <name>RUSH ENTERPRISES, INC.</name>
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        <name>GROUP 1 AUTOMOTIVE, INC.</name>
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        <name>Intuitive Machines Inc</name>
        <lei>N/A</lei>
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        <name>FIRSTCASH HOLDINGS, INC.</name>
        <lei>N/A</lei>
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        <name>CRESCENT ENERGY COMPANY</name>
        <lei>N/A</lei>
        <title>CRESCENT ENERGY CO</title>
        <cusip>44952J104</cusip>
        <identifiers>
          <isin value="US44952J1043"/>
          <other otherDesc="Internal" value="44952J104"/>
        </identifiers>
        <balance>372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3199.20000000</valUSD>
        <pctVal>0.035321804721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AZZ INC.</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ INC</title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
          <other otherDesc="Internal" value="002474104"/>
        </identifiers>
        <balance>61.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5763.28000000</valUSD>
        <pctVal>0.063631361189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Excelerate Energy Inc</name>
        <lei>N/A</lei>
        <title>EXCELERATE ENERGY INC</title>
        <cusip>30069T101</cusip>
        <identifiers>
          <isin value="US30069T1016"/>
          <other otherDesc="Internal" value="30069T101"/>
        </identifiers>
        <balance>47.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1378.04000000</valUSD>
        <pctVal>0.015214697355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTRA CORP.</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>VISTRA CORP</title>
        <cusip>92840M102</cusip>
        <identifiers>
          <isin value="US92840M1027"/>
          <other otherDesc="Internal" value="92840M102"/>
        </identifiers>
        <balance>699.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135473.19000000</valUSD>
        <pctVal>1.495735672114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MRC GLOBAL INC.</name>
        <lei>529900TSBPOLCLI2L582</lei>
        <title>MRC GLOBAL INC</title>
        <cusip>55345K103</cusip>
        <identifiers>
          <isin value="US55345K1034"/>
          <other otherDesc="Internal" value="55345K103"/>
        </identifiers>
        <balance>191.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2618.61000000</valUSD>
        <pctVal>0.028911612610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAKER HUGHES COMPANY</name>
        <lei>N/A</lei>
        <title>BAKER HUGHES CO</title>
        <cusip>05722G100</cusip>
        <identifiers>
          <isin value="US05722G1004"/>
          <other otherDesc="Internal" value="05722G100"/>
        </identifiers>
        <balance>2046.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78443.64000000</valUSD>
        <pctVal>0.866082437406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCOSA, INC.</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INCORPORATED</title>
        <cusip>039653100</cusip>
        <identifiers>
          <isin value="US0396531008"/>
          <other otherDesc="Internal" value="039653100"/>
        </identifiers>
        <balance>102.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8844.42000000</valUSD>
        <pctVal>0.097649686208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLUOR CORPORATION.</name>
        <lei>CQ7WZ4NOFWT7FAE6Q943</lei>
        <title>FLUOR CORP</title>
        <cusip>343412102</cusip>
        <identifiers>
          <isin value="US3434121022"/>
          <other otherDesc="Internal" value="343412102"/>
        </identifiers>
        <balance>342.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17534.34000000</valUSD>
        <pctVal>0.193593565080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JACOBS SOLUTIONS INC.</name>
        <lei>N/A</lei>
        <title>JACOBS SOLUTIONS INC</title>
        <cusip>46982L108</cusip>
        <identifiers>
          <isin value="US46982L1089"/>
          <other otherDesc="Internal" value="46982L108"/>
        </identifiers>
        <balance>250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32862.50000000</valUSD>
        <pctVal>0.362829084668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOOSEHEAD INSURANCE, INC.</name>
        <lei>549300WH5MBIWHJ9XY95</lei>
        <title>GOOSEHEAD INSURANCE INC</title>
        <cusip>38267D109</cusip>
        <identifiers>
          <isin value="US38267D1090"/>
          <other otherDesc="Internal" value="38267D109"/>
        </identifiers>
        <balance>51.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5381.01000000</valUSD>
        <pctVal>0.059410785329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN AIRLINES GROUP INC.</name>
        <lei>N/A</lei>
        <title>AMERICAN AIRLINES GROUP</title>
        <cusip>02376R102</cusip>
        <identifiers>
          <isin value="US02376R1023"/>
          <other otherDesc="Internal" value="02376R102"/>
        </identifiers>
        <balance>1350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15147.00000000</valUSD>
        <pctVal>0.167235363879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBRE GROUP, INC.</name>
        <lei>52990016II9MJ2OSWA10</lei>
        <title>CBRE GROUP INC CL A</title>
        <cusip>12504L109</cusip>
        <identifiers>
          <isin value="US12504L1098"/>
          <other otherDesc="Internal" value="12504L109"/>
        </identifiers>
        <balance>613.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85893.56000000</valUSD>
        <pctVal>0.948335694293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELANESE CORPORATION</name>
        <lei>549300FHJQTDPPN41627</lei>
        <title>CELANESE CORPORATION</title>
        <cusip>150870103</cusip>
        <identifiers>
          <isin value="US1508701034"/>
          <other otherDesc="Internal" value="150870103"/>
        </identifiers>
        <balance>231.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12781.23000000</valUSD>
        <pctVal>0.141115313254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHENIERE ENERGY, INC.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>CHENIERE ENERGY INC</title>
        <cusip>16411R208</cusip>
        <identifiers>
          <isin value="US16411R2085"/>
          <other otherDesc="Internal" value="16411R208"/>
        </identifiers>
        <balance>456.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>111045.12000000</valUSD>
        <pctVal>1.226029646147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXXON MOBIL CORPORATION</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>EXXON MOBIL CORPORATION</title>
        <cusip>30231G102</cusip>
        <identifiers>
          <isin value="US30231G1022"/>
          <other otherDesc="Internal" value="30231G102"/>
        </identifiers>
        <balance>7922.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>853991.60000000</valUSD>
        <pctVal>9.428771108185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CROWN CASTLE INC.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC</title>
        <cusip>22822V101</cusip>
        <identifiers>
          <isin value="US22822V1017"/>
          <other otherDesc="Internal" value="22822V101"/>
        </identifiers>
        <balance>894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91840.62000000</valUSD>
        <pctVal>1.013996138151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAMDEN PROPERTY TRUST</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>CAMDEN PROPERTY TRUST</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
          <other otherDesc="Internal" value="133131102"/>
        </identifiers>
        <balance>222.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25017.18000000</valUSD>
        <pctVal>0.276210285900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVR ENERGY, INC.</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR ENERGY INC</title>
        <cusip>12662P108</cusip>
        <identifiers>
          <isin value="US12662P1084"/>
          <other otherDesc="Internal" value="12662P108"/>
        </identifiers>
        <balance>62.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1664.70000000</valUSD>
        <pctVal>0.018379660015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E2OPEN PARENT HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>E2OPEN PARENT HOLDINGS INC</title>
        <cusip>29788T103</cusip>
        <identifiers>
          <isin value="US29788T1034"/>
          <other otherDesc="Internal" value="29788T103"/>
        </identifiers>
        <balance>375.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1211.25000000</valUSD>
        <pctVal>0.013373198289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>





    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
