N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-09729

iShares Trust

(Exact name of registrant as specified in charter)

c/o BlackRock Fund Advisors

400 Howard Street, San Francisco, CA 94105

(Address of principal executive offices) (Zip code)

The Corporation Trust Company

1209 Orange Street, Wilmington, DE 19801

(Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 670-2000

Date of fiscal year end: February 29, 2024

Date of reporting period: February 29, 2024

Item 1. Reports to Stockholders.

(a) The Report to Shareholders is attached herewith.

FEBRUARY 29, 2024

      2024 Annual Report  

iShares Trust

·  iShares ESG Aware 1-5 Year USD Corporate Bond ETF | SUSB | NASDAQ

·  iShares ESG Aware U.S. Aggregate Bond ETF | EAGG | NYSE Arca

·  iShares ESG Aware USD Corporate Bond ETF | SUSC | NASDAQ

The Markets in Review

Dear Shareholder,

The combination of continued economic growth and cooling inflation provided a supportive backdrop for investors during the 12-month reporting period ended February 29, 2024. Significantly tighter monetary policy helped to rein in inflation, and the Consumer Price Index decelerated substantially while remaining above pre-pandemic levels. A moderating labor market helped ease inflationary pressure, although wages continued to grow. Wage and job growth powered robust consumer spending, backstopping the economy. On October 7, 2023, Hamas launched a horrific attack on Israel. The ensuing war will have a significant humanitarian impact and could lead to heightened economic and market volatility. We see geopolitics as a structural market risk going forward. See our geopolitical risk dashboard at blackrock.com for more details.

Equity returns were robust during the period, as interest rates stabilized and the economy proved to be more resilient than many investors expected. The U.S. economy continued to show strength, and growth further accelerated in the second half of 2023. Large-capitalization U.S. stocks posted particularly substantial gains, supported by the performance of a few notable technology companies, while small-capitalization U.S. stocks advanced at a significantly slower pace. Meanwhile, international developed market equities also gained strongly, while emerging market stocks advanced at a more modest pace.

The 10-year U.S. Treasury yield rose during the reporting period, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. However, higher yields drove positive returns overall for 10-year U.S. Treasuries and solid gains in shorter-duration U.S. Treasuries. The corporate bond market benefited from improving economic sentiment, although high-yield corporate bond prices fared significantly better than investment-grade bonds as demand from yield-seeking investors remained strong.

The U.S. Federal Reserve (the “Fed”), attempting to manage persistent inflation, raised interest rates three times during the 12-month period, but paused its tightening after its July meeting. The Fed also continued to reduce its balance sheet by not replacing some of the securities that reach maturity.

Supply constraints appear to have become an embedded feature of the new macroeconomic environment, making it difficult for developed economies to increase production without sparking higher inflation. Geopolitical fragmentation and an aging population risk further exacerbating these constraints, keeping the labor market tight and wage growth high. Although the Fed has stopped tightening for now, we believe that the new economic regime means that the Fed will need to maintain high rates for an extended period despite the market’s hopes for rapid interest rate cuts, as reflected in the recent rally. In this new regime, we anticipate greater volatility and dispersion of returns, creating more opportunities for selective portfolio management.

Looking at developed market stocks, we have an overweight stance on U.S. stocks overall, particularly given the promise of emerging AI technologies. We are also overweight Japanese stocks as shareholder-friendly policies generate increased investor interest, although we maintain an underweight stance on European stocks. In credit, there are selective opportunities in the near term despite tighter credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most attractive investments in short-term U.S. Treasuries and hard-currency emerging market bonds.

Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

Rob Kapito

President, BlackRock Inc.

Rob Kapito

President, BlackRock Inc.

Total Returns as of February 29, 2024
	6-Month		12-Month
U.S. large cap equities (S&P 500® Index)		13.93%		30.45%
U.S. small cap equities (Russell 2000® Index)		8.97		10.05
International equities (MSCI Europe, Australasia, Far East Index)		9.23		14.41
Emerging market equities (MSCI Emerging Markets Index)		4.93		8.73
3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)		2.69		5.22
U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)		0.58		0.69
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)		2.35		3.33
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)		4.33		5.42
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)		6.18		11.01
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

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

Table of Contents

	Page
The Markets in Review		2
Annual Report:
Market Overview		4
Fund Summary		5
About Fund Performance		11
Disclosure of Expenses		11
Schedules of Investments		12
Financial Statements
Statements of Assets and Liabilities		125
Statements of Operations		126
Statements of Changes in Net Assets		127
Financial Highlights		129
Notes to Financial Statements		132
Report of Independent Registered Public Accounting Firm		141
Important Tax Information		142
Statement Regarding Liquidity Risk Management Program		143
Supplemental Information		144
Trustee and Officer Information		145
General Information		147
Glossary of Terms Used in this Report		148

Market Overview

iShares Trust

U.S. Bond Market Overview

U.S. investment-grade bonds produced a gain of 3.33% during the 12 months ended February 29, 2024 (the “reporting period”), as measured by the Bloomberg U.S. Aggregate Bond Index. Income made a sizable contribution to performance, and strength in credit-oriented market segments provided an additional boost to returns.

The 12-month gain for the index belies the challenging environment for the bond market through the first eight months of the period. During this time, yields drifted steadily higher (as prices fell) in response to better-than-expected economic growth and continued interest rate increases by the U.S. Federal Reserve (Fed). The Fed raised rates by a quarter-point at its meetings in March, May, and July 2023, moving its benchmark fed funds rate to a range of 5.25% - 5.50%. Although the Fed’s aggressive actions contributed to a decline in inflation, U.S. economic growth remained robust behind persistent strength in the labor market. This trend gave rise to expectations that the central bank would need to keep rates “higher for longer,” fueling a sharp sell-off in the bond market in the span from August through October 2023.

The investment backdrop improved considerably in the final two months of 2023, touching off a rally that helped the fixed-income market quickly recover its earlier losses. The headline Consumer Price Index fell to its lowest levels since early 2021 in the November report, surprising the markets and causing the consensus to shift toward the view that the Fed was in fact finished raising rates. In December, Fed Chairman Jerome Powell provided another positive surprise with his suggestion that rate cuts could begin as early as the first half of 2024. Bond prices moved surged in response, with the credit sectors leading the way amid a pronounced improvement in investor sentiment. While yields crept higher in January and February, the Bloomberg U.S. Aggregate Bond Index finished in positive territory on the strength of its earlier advance.

These trends were reflected in the U.S. Treasury market, where the yield on the two-year note entered the annual period at 4.81%, reached a high of 5.19% in mid-October, and subsequently finished February 2024 at 4.64%. The 10-year issue followed a similar path, climbing from 3.92% at the start of the period to a high of 4.98% before sliding to 4.25% on February 29, 2024. One result of these moves was that the yield curve’s inversion—i.e., the extent to which short-term rates exceeded those of longer-term issues—gradually moderated from the unusually high level reached in early 2023. Short-term Treasuries were the strongest performers on a total return basis, followed by intermediate-term issues. However, longer-dated government bonds (those with maturities of 10 years and above) posted a loss.

Investment-grade corporate bonds were the best performing segment of the index during the 12-month period. The asset class was helped by a larger contribution from yield, together with a decline in yield spreads relative to U.S. Treasuries. Securitized assets—a category that encompasses mortgage-backed securities (MBS), asset backed securities (ABS) and commercial mortgage-backed securities (CMBS)—underperformed the index. While ABS and CMBS both held up well, agency MBS failed to keep pace with the broader fixed-income market due to the combination of the Fed’s ongoing balance sheet reduction and lower buying demand from banks.

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Fund Summary as of February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF

Investment Objective

The iShares ESG Aware 1-5 Year USD Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds having remaining maturities between one and five years and issued by companies that have positive environmental, social and governance characteristics while seeking to exhibit risk and return characteristics similar to those of the parent index of such index, as represented by the Bloomberg MSCI US Corporate 1-5 Year ESG Focus Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns										Cumulative Total Returns
	1 Year			5 Years			Since Inception				1 Year			5 Years			Since Inception
Fund NAV		5.58	%		1.87	%		1.82	%			5.58	%		9.73	%		12.74	%
Fund Market		5.53			1.81			1.82				5.53			9.41			12.72
Index		5.71			2.09			2.04				5.71			10.91			14.36

GROWTH OF $10,000 INVESTMENT

(SINCE INCEPTION AT NET ASSETVALUE)

The inception date of the Fund was July 11, 2017. The first day of secondary market trading was July 13, 2017.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual				Hypothetical 5% Return
Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized Expense Ratio
$  1,000.00	$  1,033.90	$  0.61		$  1,000.00	$  1,024.30	$  0.60		0.12	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 5

Fund Summary as of February 29, 2024 (continued) iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF

Portfolio Management Commentary

Returns for shorter-maturity, investment grade corporate bonds with positive environmental, social and governance (“ESG”) characteristics were positive during the12-month reporting period despite market volatility driven by shifting expectations around inflation and Federal Reserve (Fed) interest rate policy. In this vein, the yield on the two-year Treasury note entered the annual period at 4.81%, reached a high of 5.19% in mid-October of 2023, and subsequently declined on an improved outlook for Fed rate cuts, ending the period at 4.64%. Corporate bonds were the best performing segment of the investment grade market as credit sentiment remained firm and yield spreads relative to U.S. Treasuries narrowed.

The Bloomberg MSCI US 1-5 Year Corporate ESG Focus Index (“the Index”) performed in line with the broader short-term investment grade corporate bond market as represented by the Bloomberg US Corporate 1-5 Year Index. Within the Index, performance was led by lower quality issues in the Moody’s Baa rating category, while bonds rated Aaa were the biggest laggards while still posting positive returns. Relative to the broader market, the ESG selection process leads to overweight and underweight positions in bonds with higher or lower ESG characteristics, respectively. Consequently, the Index achieved an ESG quality score that was higher than the broader market, with lower exposure to carbon intensive companies.

Portfolio Information

CREDIT QUALITY ALLOCATION
Moody’s Credit Rating*	Percent of   Total Investments(a)
Aaa		1.7%
Aa		3.5
A		47.7
Baa		44.5
Ba		1.2
Not Rated		1.4

MATURITY ALLOCATION

Maturity	Percent of   Total Investments(a)
1-2 Years		25.9%
2-3 Years		23.8
3-4 Years		24.5
4-5 Years		21.6
5-6 Years		4.0
7-8 Years		0.1
21-22 Years		0.1

* 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.

^(a) Excludes money market funds.

6 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Fund Summary as of February 29, 2024  iShares^® ESG Aware U.S. Aggregate Bond ETF

Investment Objective

The iShares ESG Aware U.S. Aggregate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade bonds from issuers generally evaluated for favorable environmental, social and governance practices while seeking to exhibit risk and return characteristics similar to those of the broad U.S. dollar-denominated investment-grade bond market, as represented by the Bloomberg MSCI US Aggregate ESG Focus Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns										Cumulative Total Returns
	1 Year			5 Years			Since Inception				1 Year			5 Years			Since Inception
Fund NAV		3.22	%		0.46	%		1.07	%			3.22	%		2.34	%		5.88	%
Fund Market		3.27			0.46			1.08				3.27			2.32			5.96
Index		3.33			0.60			1.18				3.33			3.01			6.51

GROWTH OF $10,000 INVESTMENT

(SINCE INCEPTION AT NET ASSETVALUE)

The inception date of the Fund was October 18, 2018. The first day of secondary market trading was October 23, 2018.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual				Hypothetical 5% Return
Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized Expense Ratio
$   1,000.00	$  1,022.80	$   0.45		$  1,000.00	$  1,024.40	$  0.45		0.09	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 7

Fund Summary as of February 29, 2024 (continued) iShares^® ESG Aware U.S. Aggregate Bond ETF

Portfolio Management Commentary

Returns for investment-grade bonds with positive environmental, social and governance (“ESG”) characteristics were positive during the 12-month reporting period despite market volatility driven by shifting expectations around inflation and Federal Reserve (Fed) interest rate policy. In this vein, the yield on the 10-year Treasury bond began the period at 3.92% and rose more than 100 basis points to 4.98% before declining on an improved outlook for Fed rate cuts, ultimately ending the period at 4.25%. The Bloomberg MSCI US Aggregate ESG Focus Index (“the Index”) performed in line with the broader bond market as represented by the Bloomberg U.S. Aggregate Index.

Investment grade corporate bonds were the best performing segment of the Index during the period as credit sentiment remained firm and yield spreads relative to U.S. Treasuries narrowed. Returns for Treasuries were positive but lagged those for corporate bonds as longer-term Treasury yields finished the period modestly higher. Securitized assets including mortgage-backed securities, asset backed securities and commercial mortgage-backed securities also finished in positive territory while underperforming corporate bonds. In particular, demand for agency mortgage-backed securities was negatively impacted by the Fed’s post-pandemic balance sheet reduction efforts. In addition, banks curtailed their purchases given extended durations for the sector with the rise in mortgage rates seen since the beginning of the Fed’s hiking cycle along with an inverted yield curve that hurt net interest margins.

Portfolio Information

CREDIT QUALITY ALLOCATION
Moody’s Credit Rating*	Percent of   Total Investments(a)
Aaa		71.8%
Aa		1.5
A		11.6
Baa		12.4
Ba		0.4
Not Rated		2.3

PORTFOLIO COMPOSITION

Investment Type	Percent of   Total Investments(a)
U.S. Government & Agency Obligations		69.4%
Corporate Bonds & Notes		26.1
Foreign Government Obligations		3.4
Collaterized Mortgage Obligations		1.0
Asset-Backed Securities		0.5
Municipal Debt Obligations		—(b)
TBA Sales Commitments		(0.4)

* 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.

^(a)  Excludes money market funds.

^(b) Rounds to less than 0.1%

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Fund Summary as of February 29, 2024  iShares^® ESG Aware USD Corporate Bond ETF

Investment Objective

The iShares ESG Aware USD Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds issued by companies that have positive environmental, social and governance characteristics while seeking to exhibit risk and return characteristics similar to those of the parent index of such index, as represented by the Bloomberg MSCI US Corporate ESG Focus Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns										Cumulative Total Returns
	1 Year			5 Years			Since Inception				1 Year			5 Years			Since Inception
Fund NAV		5.82	%		1.61	%		1.55	%			5.82	%		8.32	%		10.75	%
Fund Market		5.91			1.54			1.56				5.91			7.95			10.80
Index		5.99			1.91			1.83				5.99			9.94			12.80

GROWTH OF $10,000 INVESTMENT

(SINCE INCEPTION AT NET ASSETVALUE)

The inception date of the Fund was July 11, 2017. The first day of secondary market trading was July 13, 2017.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual				Hypothetical 5% Return
Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized Expense Ratio
$   1,000.00	$  1,037.60	$   0.91		$  1,000.00	$  1,024.00	$  0.91		0.18	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 9

Fund Summary as of February 29, 2024 (continued) iShares^® ESG Aware USD Corporate Bond ETF

Portfolio Management Commentary

Returns for investment-grade corporate bonds with positive environmental, social and governance (“ESG”) characteristics were positive during the 12-month reporting period despite market volatility driven by shifting expectations around inflation and Federal Reserve (Fed) interest rate policy. In this vein, the yield on the 10-year Treasury bond began the period at 3.92% and rose more than 100 basis points to 4.98% before declining on an improved outlook for Fed rate cuts, ultimately ending the period at 4.25%. Corporate bonds were the best performing segment of the investment grade market as credit sentiment remained firm and yield spreads relative to U.S. Treasuries narrowed.

The Bloomberg MSCI US Corporate ESG Focus Index (“the Index”) performed in line with the broader market as represented by the Bloomberg US Corporate Index. Within the Index, performance was strongest for the lowest rated segment within the investment grade corporate bond market as represented by issues rated Baa byMoody’s Ratings. In terms of maturity, bonds with maturities of 10 years or longer make up the largest proportion of the Index and contributed the most to return for the period.

Relative to the broader market, the ESG selection process leads to overweight and underweight positions in bonds with higher or lower ESG characteristics, respectively. Consequently, the Index achieved an ESG quality score that was higher than the broader market, with lower exposure to carbon intensive companies.

Portfolio Information

CREDIT QUALITY ALLOCATION
Moody’s Credit Rating*	Percent of   Total Investments(a)
Aaa		1.6%
Aa		4.3
A		45.5
Baa		46.0
Ba		1.6
Not Rated		1.0

MATURITY ALLOCATION

Maturity	Percent of   Total Investments(a)
1-5 Years		36.3%
5-10 Years		27.8
10-15 Years		8.2
15-20 Years		5.7
More than 20 Years		22.0

* 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.

^(a)  Excludes money market funds.

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About Fund Performance

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

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

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

Disclosure of Expenses

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

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

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

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

A B O U T  F U N D  P E R F O R M A N C E / D I S C L O S U R E  O F  E X P E N S E S 11

Schedule of Investments February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.0%
Interpublic Group of Companies Inc. (The), 4.65%, 10/01/28 (Call 07/01/28)(a)	$	250	$	244,814
Aerospace & Defense — 0.3%
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		945		899,686
4.95%, 08/15/25 (Call 05/15/25)		105		103,623
Northrop Grumman Corp., 4.60%, 02/01/29 (Call 01/01/29)		300		294,002
RTX Corp.
2.65%, 11/01/26 (Call 08/01/26)		45		42,347
3.13%, 05/04/27 (Call 02/04/27)		15		14,156
3.50%, 03/15/27 (Call 12/15/26)		25		23,893
3.95%, 08/16/25 (Call 06/16/25)		83		81,415
4.13%, 11/16/28 (Call 08/16/28)		360		345,751
5.75%, 11/08/26 (Call 10/08/26)		520		527,569
5.75%, 01/15/29 (Call 12/15/28)		405		416,931
				2,749,373
Agriculture — 0.8%
Archer-Daniels-Midland Co., 2.50%, 08/11/26 (Call 05/11/26)		35		32,954
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		4,086		3,867,975
3.25%, 08/15/26 (Call 05/15/26)		3,080		2,936,399
3.75%, 09/25/27 (Call 06/25/27)		305		291,796
				7,129,124
Airlines — 0.0%
Delta Air Lines Pass Through Trust, Series 2020, Class AA, 2.00%, 12/10/29(a)		95		84,641
Southwest Airlines Co., 5.13%, 06/15/27 (Call 04/15/27)(a)		120		119,595
				204,236
Apparel — 0.5%
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		957		943,597
Ralph Lauren Corp., 3.75%, 09/15/25 (Call 07/15/25)		333		325,448
Tapestry Inc.
4.13%, 07/15/27 (Call 04/15/27)		10		9,497
4.25%, 04/01/25 (Call 01/01/25)		140		137,847
7.05%, 11/27/25		210		213,926
7.35%, 11/27/28 (Call 10/27/28)		630		659,229
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)		710		681,151
2.80%, 04/23/27 (Call 02/23/27)		1,730		1,568,588
				4,539,283
Auto Manufacturers — 2.3%
American Honda Finance Corp.
1.00%, 09/10/25		152		142,842
1.30%, 09/09/26		68		62,084
2.00%, 03/24/28		10		8,957
2.25%, 01/12/29		405		359,640
2.30%, 09/09/26		65		60,966
4.70%, 01/12/28(a)		1,935		1,925,148
4.75%, 01/12/26		60		59,607
4.95%, 01/09/26		325		324,012
5.13%, 07/07/28		825		831,677
5.25%, 07/07/26(a)		240		241,686
5.65%, 11/15/28		545		560,380

Security	Par (000)		Value
Auto Manufacturers (continued)
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)	$	2,010	$	1,885,443
4.90%, 02/20/29 (Call 01/20/29)(a)		800		796,017
Ford Motor Credit Co. LLC
2.90%, 02/16/28 (Call 12/16/27)(a)		1,930		1,730,164
4.13%, 08/17/27 (Call 06/17/27)		1,455		1,375,202
6.80%, 11/07/28 (Call 10/07/28)		595		616,134
7.35%, 11/04/27 (Call 10/04/27)		55		57,470
General Motors Co.
4.00%, 04/01/25		605		595,386
6.80%, 10/01/27 (Call 08/01/27)		45		46,989
General Motors Financial Co. Inc.
1.50%, 06/10/26 (Call 05/10/26)		85		77,865
2.35%, 02/26/27 (Call 01/26/27)(a)		895		820,557
2.40%, 10/15/28 (Call 08/15/28)		210		184,508
2.70%, 08/20/27 (Call 06/20/27)(a)		60		55,044
2.75%, 06/20/25 (Call 05/20/25)(a)		165		159,248
3.85%, 01/05/28 (Call 10/05/27)		25		23,730
4.00%, 10/06/26 (Call 07/06/26)(a)		80		77,340
4.30%, 07/13/25 (Call 04/13/25)		102		100,315
4.35%, 04/09/25 (Call 02/09/25)		852		840,986
4.35%, 01/17/27 (Call 10/17/26)		120		116,790
5.00%, 04/09/27 (Call 03/09/27)		1,195		1,182,352
5.40%, 05/08/27		90		90,101
5.80%, 06/23/28 (Call 05/23/28)		45		45,646
5.80%, 01/07/29 (Call 12/07/28)		305		309,026
6.00%, 01/09/28 (Call 12/09/27)		425		434,326
Honda Motor Co. Ltd., 2.53%, 03/10/27 (Call 02/10/27)(a)		50		46,718
Toyota Motor Credit Corp.
1.15%, 08/13/27		590		522,693
1.90%, 01/13/27		190		174,965
3.00%, 04/01/25		698		681,993
3.05%, 03/22/27		270		256,040
3.20%, 01/11/27		175		167,196
3.40%, 04/14/25		167		163,662
4.55%, 09/20/27		880		872,498
5.00%, 08/14/26		200		199,962
5.25%, 09/11/28		175		177,509
5.45%, 11/10/27		35		35,694
				19,496,568
Auto Parts & Equipment — 0.1%
BorgWarner Inc., 2.65%, 07/01/27 (Call 05/01/27)(a)		640		590,725
Lear Corp., 3.80%, 09/15/27 (Call 06/15/27)		55		52,639
				643,364
Banks — 31.4%
Banco Bilbao Vizcaya Argentaria SA
1.13%, 09/18/25		6,733		6,293,652
6.14%, 09/14/28 (Call 09/14/27), (1-year CMT + 2.700%)(b)		775		785,743
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)(b)		390		352,712
1.85%, 03/25/26		1,637		1,519,181
2.75%, 05/28/25		325		313,545
3.80%, 02/23/28(a)		400		376,765
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)(a)(b)		1,195		1,143,947
4.25%, 04/11/27(a)		565		544,400
4.38%, 04/12/28		450		432,378

12 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.18%, 11/19/25	$	412	$	406,248
5.59%, 08/08/28(a)		800		806,199
6.53%, 11/07/27 (Call 11/07/26), (1-year CMT + 1.650%)(b)		400		409,295
6.61%, 11/07/28		400		420,293
Bank of America Corp.
1.20%, 10/24/26 (Call 10/24/25), (1-day SOFR + 1.010%)(b)		500		465,820
1.32%, 06/19/26 (Call 06/19/25), (1-day SOFR + 1.150%)(b)		400		378,712
1.73%, 07/22/27 (Call 07/22/26), (1-day SOFR + 0.960%)(b)		2,494		2,286,286
2.09%, 06/14/29 (Call 06/14/28), (1-day SOFR + 1.060%)(b)		925		811,724
2.55%, 02/04/28 (Call 02/04/27), (1-day SOFR + 1.050%)(b)		780		721,364
3.25%, 10/21/27 (Call 10/21/26)(a)		65		61,399
3.38%, 04/02/26 (Call 04/02/25), (1-day SOFR + 1.330%)(b)		310		302,721
3.42%, 12/20/28 (Call 12/20/27), (3-mo. SOFR + 1.302%)(b)		2,130		1,990,436
3.56%, 04/23/27 (Call 04/23/26), (3-mo. SOFR + 1.322%)(b)		350		336,611
3.59%, 07/21/28 (Call 07/21/27), (3-mo. SOFR + 1.632%)(b)		1,030		975,338
3.71%, 04/24/28 (Call 04/24/27), (3-mo. SOFR + 1.774%)(b)		2,270		2,161,918
3.82%, 01/20/28 (Call 01/20/27), (3-mo. SOFR + 1.837%)(b)		1,695		1,628,415
3.88%, 08/01/25		66		64,945
3.97%, 02/07/30 (Call 02/07/29), (3-mo. SOFR + 1.472%)(b)		500		469,915
4.25%, 10/22/26		165		161,362
4.27%, 07/23/29 (Call 07/23/28), (3-mo. SOFR + 1.572%)(b)		495		475,570
4.38%, 04/27/28 (Call 04/27/27), (1-day SOFR + 1.580%)(b)		1,360		1,323,698
4.45%, 03/03/26		20		19,669
4.83%, 07/22/26 (Call 07/22/25), (1-day SOFR + 1.750%)(b)		40		39,658
4.95%, 07/22/28 (Call 07/22/27), (1-day SOFR + 2.040%)(b)		1,050		1,039,437
5.08%, 01/20/27 (Call 01/20/26), (1-day SOFR + 1.290%)(b)		470		466,992
5.20%, 04/25/29 (Call 04/25/28), (1-day SOFR + 1.630%)(b)		1,505		1,496,482
5.82%, 09/15/29 (Call 09/15/28), (1-day SOFR + 1.570%)(b)		15		15,291
6.20%, 11/10/28 (Call 11/10/27), (1-day SOFR + 1.990%)(b)		1,235		1,273,276
6.22%, 09/15/26		20		20,430
Series L, 3.95%, 04/21/25		1,292		1,270,645
Series L, 4.18%, 11/25/27 (Call 11/25/26)		1,390		1,342,257
Series N, 1.66%, 03/11/27 (Call 03/11/26), (1-day SOFR + 0.910%)(b)		1,413		1,311,856
Bank of Montreal
0.95%, 01/22/27 (Call 01/22/26), (1-day SOFR + 0.603%)(b)		2,310		2,131,353
1.25%, 09/15/26		1,260		1,146,714
1.85%, 05/01/25(a)		222		213,298
2.65%, 03/08/27		190		177,272

Security	Par (000)		Value
Banks (continued)
3.70%, 06/07/25	$	30	$	29,393
3.80%, 12/15/32 (Call 12/15/27), (5-year USD Swap + 1.432%)(b)		70		64,387
5.20%, 02/01/28 (Call 01/01/28)		1,130		1,134,188
5.27%, 12/11/26		185		185,446
5.30%, 06/05/26		190		190,460
5.72%, 09/25/28 (Call 08/25/28)		545		558,788
5.92%, 09/25/25		150		151,546
Series H, 4.70%, 09/14/27 (Call 08/14/27)		90		89,097
Bank of New York Mellon Corp. (The)
0.75%, 01/28/26 (Call 12/28/25)(a)		165		152,188
1.05%, 10/15/26 (Call 09/15/26)		80		72,263
1.60%, 04/24/25 (Call 03/24/25)		1,870		1,796,443
1.65%, 07/14/28 (Call 05/14/28)(a)		1,000		875,979
2.05%, 01/26/27 (Call 12/26/26)		30		27,681
2.45%, 08/17/26 (Call 05/17/26)		20		18,803
2.80%, 05/04/26 (Call 02/04/26)		140		133,646
3.40%, 01/29/28 (Call 10/29/27)		30		28,375
3.44%, 02/07/28 (Call 02/07/27), (3-mo. SOFR + 1.331%)(b)		40		38,231
3.85%, 04/28/28		1,265		1,220,111
3.95%, 11/18/25 (Call 10/18/25)		105		102,742
3.99%, 06/13/28 (Call 06/13/27), (1-day SOFR + 1.151%)(b)		20		19,367
4.54%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.168%)(a)(b)		500		490,827
4.95%, 04/26/27 (Call 04/26/26), (1-day SOFR + 1.026%)(b)		425		422,783
5.80%, 10/25/28 (Call 10/25/27), (1-day SOFR + 1.802%)(b)		170		174,087
6.32%, 10/25/29 (Call 10/25/28), (1-day SOFR + 1.598%)(b)		320		335,264
Series J, 1.90%, 01/25/29 (Call 11/25/28)		750		656,399
Bank of Nova Scotia (The)
1.05%, 03/02/26		4,785		4,412,248
1.30%, 06/11/25		1,731		1,645,217
1.30%, 09/15/26 (Call 06/15/26)		1,595		1,451,709
1.35%, 06/24/26		1,820		1,670,466
1.95%, 02/02/27		145		133,080
2.70%, 08/03/26		1,320		1,246,474
2.95%, 03/11/27		100		94,135
3.45%, 04/11/25		105		102,817
4.50%, 12/16/25		50		49,139
5.25%, 06/12/28		105		105,523
5.35%, 12/07/26(a)		325		326,285
5.45%, 06/12/25		2,000		2,001,396
Bank OZK, 2.75%, 10/01/31 (Call 10/01/26), (3-mo. SOFR + 2.090%)(b)		100		83,199
Barclays PLC
2.28%, 11/24/27 (Call 11/24/26), (1-year CMT + 1.050%)(b)		2,285		2,088,331
2.85%, 05/07/26 (Call 05/07/25), (1-day SOFR + 2.714%)(b)		885		855,570
3.65%, 03/16/25		200		195,827
4.38%, 01/12/26		1,680		1,645,397
4.84%, 05/09/28 (Call 05/07/27)		815		784,532
4.97%, 05/16/29 (Call 05/16/28), (3-mo. LIBOR US + 1.902%)(b)		800		777,805
5.20%, 05/12/26		1,000		987,885
5.30%, 08/09/26 (Call 08/09/25), (1-year CMT + 2.300%)(b)		55		54,661

S C H E D U L E  O F  I N V E S T M E N T S 13

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.50%, 08/09/28 (Call 08/09/27), (1-year CMT + 2.650%)(b)	$	50	$	49,725
5.83%, 05/09/27 (Call 05/09/26), (1-day SOFR + 2.210%)(b)		665		666,355
6.49%, 09/13/29 (Call 09/13/28), (1-day SOFR + 2.220%)(b)		265		273,051
6.50%, 09/13/27 (Call 09/13/26), (1-day SOFR + 1.880%)(b)		200		203,479
7.39%, 11/02/28 (Call 11/02/27), (1-year CMT + 3.300%)(b)		230		243,073
BPCE SA, 3.38%, 12/02/26		175		167,768
Canadian Imperial Bank of Commerce
0.95%, 10/23/25(a)		950		887,995
1.25%, 06/22/26 (Call 05/22/26)		235		215,430
3.30%, 04/07/25		215		210,030
3.95%, 08/04/25		230		225,506
5.00%, 04/28/28 (Call 03/28/28)		355		353,720
5.14%, 04/28/25		265		264,097
5.62%, 07/17/26		160		161,544
5.93%, 10/02/26		180		183,187
5.99%, 10/03/28 (Call 09/03/28)(a)		745		771,716
Citibank NA, 5.80%, 09/29/28 (Call 08/29/28)(a)		595		612,890
Citigroup Inc.
1.12%, 01/28/27 (Call 01/28/26), (1-day SOFR + 0.765%)(b)		3,090		2,848,446
1.46%, 06/09/27 (Call 06/09/26), (1-day SOFR + 0.770%)(b)		1,525		1,397,510
3.07%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.280%)(b)		1,320		1,236,588
3.11%, 04/08/26 (Call 04/08/25), (1-day SOFR + 2.842%)(b)		1,302		1,267,478
3.20%, 10/21/26 (Call 07/21/26)		95		90,225
3.29%, 03/17/26 (Call 03/17/25), (1-day SOFR + 1.528%)(b)		70		68,366
3.30%, 04/27/25(a)		518		506,525
3.40%, 05/01/26		95		91,406
3.52%, 10/27/28 (Call 10/27/27), (3-mo. SOFR + 1.412%)(b)		1,010		948,718
3.67%, 07/24/28 (Call 07/24/27), (3-mo. SOFR + 1.652%)(b)		190		180,107
3.70%, 01/12/26		2,050		1,995,830
3.88%, 03/26/25		165		161,842
3.89%, 01/10/28 (Call 01/10/27), (3-mo. SOFR + 1.825%)(b)		1,190		1,143,494
4.08%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.454%)(b)		500		477,072
4.13%, 07/25/28		445		422,328
4.30%, 11/20/26		25		24,351
4.40%, 06/10/25		823		811,024
4.45%, 09/29/27		1,165		1,128,673
4.60%, 03/09/26		185		181,957
4.66%, 05/24/28 (Call 05/24/27), (1-day SOFR + 1.887%)(b)		715		701,963
5.17%, 02/13/30 (Call 02/13/29), (1-day SOFR + 1.364%)(b)		640		633,492
5.50%, 09/13/25		482		480,855
Citizens Bank NA
2.25%, 04/28/25 (Call 03/28/25)		250		239,540
4.58%, 08/09/28 (Call 08/09/27), (1-day SOFR + 2.000%)(b)		430		409,502
Comerica Bank, 4.00%, 07/27/25		250		242,319

Security	Par (000)		Value
Banks (continued)
Cooperatieve Rabobank UA, 4.38%, 08/04/25	$	250	$	245,143
Cooperatieve Rabobank UA/NY, 3.38%, 05/21/25		30		29,378
Credit Suisse AG/New York
2.95%, 04/09/25		240		233,095
5.00%, 07/09/27		770		762,711
7.50%, 02/15/28(a)		1,220		1,314,068
Deutsche Bank AG
4.10%, 01/13/26(a)		560		545,940
4.50%, 04/01/25		45		44,137
Deutsche Bank AG/New York
1.69%, 03/19/26		250		232,948
2.13%, 11/24/26 (Call 11/24/25), (1-day SOFR + 1.870%)(b)		1,445		1,354,860
2.31%, 11/16/27 (Call 11/16/26), (1-day SOFR + 1.219%)(b)		665		604,027
2.55%, 01/07/28 (Call 01/07/27), (1-day SOFR + 1.318%)(b)		695		633,009
4.10%, 01/13/26		973		949,813
6.72%, 01/18/29 (Call 01/18/28), (1-day SOFR + 3.180%)(b)		210		215,701
6.82%, 11/20/29 (Call 11/20/28), (1-day SOFR + 2.510%)(b)		1,115		1,152,802
7.15%, 07/13/27 (Call 07/13/26), (1-day SOFR + 2.520%)(a)(b)		370		379,760
Discover Bank
3.45%, 07/27/26 (Call 04/27/26)		60		56,895
4.25%, 03/13/26		5		4,856
4.65%, 09/13/28 (Call 06/13/28)		1,440		1,374,913
Fifth Third Bancorp., 6.34%, 07/27/29 (Call 07/27/28), (1-day SOFR + 2.340%)(b)		680		698,295
First Horizon Corp., 4.00%, 05/26/25 (Call 04/26/25)		177		172,297
Goldman Sachs Group Inc. (The)
1.09%, 12/09/26 (Call 12/09/25), (1-day SOFR + 0.789%)(b)		235		217,745
1.43%, 03/09/27 (Call 03/09/26), (1-day SOFR + 0.798%)(b)		2,377		2,197,162
1.54%, 09/10/27 (Call 09/10/26), (1-day SOFR + 0.818%)(b)		1,610		1,463,433
1.95%, 10/21/27 (Call 10/21/26), (1-day SOFR + 0.913%)(b)		3,030		2,774,639
2.64%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.114%)(b)		1,710		1,584,262
3.50%, 04/01/25 (Call 03/01/25)		144		141,025
3.50%, 11/16/26 (Call 11/16/25)		180		172,654
3.62%, 03/15/28 (Call 03/15/27), (1-day SOFR + 1.846%)(b)		1,210		1,153,794
3.69%, 06/05/28 (Call 06/05/27), (3-mo. SOFR + 1.772%)(a)(b)		1,060		1,011,103
3.75%, 05/22/25 (Call 02/22/25)		141		138,282
3.75%, 02/25/26 (Call 11/25/25)		95		92,626
3.81%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.420%)(b)		786		742,492
3.85%, 01/26/27 (Call 01/26/26)		140		135,270
4.22%, 05/01/29 (Call 05/01/28), (3-mo. SOFR + 1.563%)(b)		1,095		1,049,945
4.25%, 10/21/25		90		88,383
4.48%, 08/23/28 (Call 08/23/27), (1-day SOFR + 1.725%)(b)		235		229,256
5.95%, 01/15/27		175		178,597
6.48%, 10/24/29 (Call 10/24/28), (1-day SOFR + 1.770%)(b)		1,265		1,325,887

14 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26), (1-day SOFR + 1.290%)(b)	$	2,670	$	2,444,089
1.65%, 04/18/26 (Call 04/18/25), (1-day SOFR + 1.538%)(a)(b)		680		648,831
2.01%, 09/22/28 (Call 09/22/27), (1-day SOFR + 1.732%)(b)		175		155,066
2.10%, 06/04/26 (Call 06/04/25), (1-day SOFR + 1.929%)(b)		1,270		1,214,597
2.21%, 08/17/29 (Call 08/17/28), (1-day SOFR + 1.285%)(b)		1,040		902,902
2.25%, 11/22/27 (Call 11/22/26), (1-day SOFR + 1.100%)(b)		540		494,285
3.90%, 05/25/26		2,117		2,051,369
4.04%, 03/13/28 (Call 03/13/27), (3-mo. SOFR + 1.808%)(b)		345		330,565
4.25%, 08/18/25		509		498,496
4.29%, 09/12/26 (Call 09/12/25), (3-mo. SOFR + 1.609%)(b)		1,315		1,289,415
4.30%, 03/08/26		390		381,593
4.38%, 11/23/26		540		525,264
4.58%, 06/19/29 (Call 06/19/28), (3-mo. SOFR + 1.796%)(b)		1,285		1,236,145
4.76%, 06/09/28 (Call 06/09/27), (1-day SOFR + 2.110%)(b)		693		676,635
5.55%, 03/04/30 (Call 03/04/29), (1-day SOFR + 1.460%)(b)		800		799,342
6.16%, 03/09/29 (Call 03/09/28), (1-day SOFR + 1.970%)(b)		295		301,371
7.39%, 11/03/28 (Call 11/03/27), (1-day SOFR + 3.350%)(b)		570		603,451
Huntington Bancshares Inc./OH
4.00%, 05/15/25 (Call 04/15/25)		545		535,142
4.44%, 08/04/28 (Call 08/04/27), (1-day SOFR + 1.970%)(b)		325		312,098
6.21%, 08/21/29 (Call 08/21/28), (1-day SOFR + 2.020%)(b)		205		208,503
Huntington National Bank (The), 4.55%, 05/17/28 (Call 05/17/27), (1-day SOFR + 1.650%)(b)		1,755		1,691,819
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26), (1-day SOFR + 1.005%)(b)		2,280		2,110,141
3.87%, 03/28/26 (Call 03/28/25), (1-day SOFR + 1.640%)(b)		200		196,182
3.95%, 03/29/27		445		428,446
4.02%, 03/28/28 (Call 03/28/27), (1-day SOFR + 1.830%)(b)		285		273,549
4.55%, 10/02/28		20		19,497
6.08%, 09/11/27 (Call 09/11/26), (1-day SOFR + 1.560%)(b)		200		202,271
JPMorgan Chase & Co.
1.04%, 02/04/27 (Call 02/04/26), (3-mo. SOFR + 0.695%)(b)		355		327,141
1.47%, 09/22/27 (Call 09/22/26), (1-day SOFR + 0.765%)(b)		2,645		2,403,399
1.58%, 04/22/27 (Call 04/22/26), (1-day SOFR + 0.885%)(b)		2,235		2,065,803
2.01%, 03/13/26 (Call 03/13/25), (3-mo. SOFR + 1.585%)(a)(b)		2,350		2,265,179
2.08%, 04/22/26 (Call 04/22/25), (1-day SOFR + 1.850%)(b)		3,672		3,533,479

Security	Par (000)		Value
Banks (continued)
2.18%, 06/01/28 (Call 06/01/27), (1-day SOFR + 1.890%)(b)	$	100	$	91,080
2.95%, 10/01/26 (Call 07/01/26)		5		4,752
2.95%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.170%)(b)		460		430,757
3.20%, 06/15/26 (Call 03/15/26)		70		67,335
3.30%, 04/01/26 (Call 01/01/26)		25		24,112
3.54%, 05/01/28 (Call 05/01/27), (3-mo. SOFR + 1.642%)(b)		225		213,764
3.78%, 02/01/28 (Call 02/01/27), (3-mo. SOFR + 1.599%)(b)		2,185		2,097,621
3.90%, 07/15/25 (Call 04/15/25)		116		114,023
3.96%, 01/29/27 (Call 01/29/26), (3-mo. SOFR + 1.507%)(b)		105		102,468
4.01%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.382%)(b)		40		38,190
4.08%, 04/26/26 (Call 04/26/25), (1-day SOFR + 1.320%)(b)		125		123,130
4.13%, 12/15/26		80		78,092
4.25%, 10/01/27		45		44,016
4.32%, 04/26/28 (Call 04/26/27), (1-day SOFR + 1.560%)(b)		3,145		3,069,515
4.45%, 12/05/29 (Call 12/05/28), (3-mo. SOFR + 1.592%)(b)		500		483,554
4.85%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.990%)(b)		1,810		1,789,894
5.01%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.310%)(b)		1,200		1,187,382
5.04%, 01/23/28 (Call 01/23/27), (1-day SOFR + 1.190%)(b)		550		547,064
5.30%, 07/24/29 (Call 07/24/28), (1-day SOFR + 1.450%)(b)		1,265		1,268,426
6.09%, 10/23/29 (Call 10/23/28), (1-day SOFR + 1.570%)(b)		990		1,023,392
7.63%, 10/15/26		30		31,877
7.75%, 07/15/25(a)		115		119,142
8.00%, 04/29/27(a)		245		266,424
KeyCorp
2.25%, 04/06/27		35		31,220
4.10%, 04/30/28(a)		700		655,189
Lloyds Bank PLC, 3.50%, 05/14/25		480		468,667
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26), (1-year CMT + 0.850%)(b)		570		522,834
3.51%, 03/18/26 (Call 03/18/25), (1-year CMT + 1.600%)(b)		25		24,403
3.57%, 11/07/28 (Call 11/07/27), (3-mo. LIBOR US + 1.205%)(b)		315		293,779
3.75%, 01/11/27		80		76,751
3.75%, 03/18/28 (Call 03/18/27), (1-year CMT + 1.800%)(b)		85		80,544
4.45%, 05/08/25		200		197,396
4.55%, 08/16/28		930		902,291
4.58%, 12/10/25		1,457		1,427,564
4.65%, 03/24/26(a)		2,890		2,831,576
5.87%, 03/06/29 (Call 03/06/28), (1-year CMT + 1.700%)(b)		315		318,064
Mitsubishi UFJ Financial Group Inc.
1.41%, 07/17/25		240		227,389
1.64%, 10/13/27 (Call 10/13/26), (1-year CMT + 0.670%)(b)		55		50,095

S C H E D U L E  O F  I N V E S T M E N T S 15

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.34%, 01/19/28 (Call 01/19/27), (1-year CMT + 0.830%)(b)	$	595	$	549,326
3.29%, 07/25/27		550		520,104
3.78%, 03/02/25		78		76,738
3.85%, 03/01/26		50		48,743
3.96%, 03/02/28		580		558,660
4.08%, 04/19/28 (Call 04/19/27), (1-year CMT + 1.300%)(b)		965		932,447
5.02%, 07/20/28 (Call 07/20/27), (1-year CMT + 1.950%)(b)		435		431,886
5.24%, 04/19/29 (Call 04/19/28), (1-year CMT + 1.700%)(b)		335		335,718
5.35%, 09/13/28 (Call 09/13/27), (1-year CMT + 1.900%)(b)		410		411,037
5.42%, 02/22/29 (Call 02/22/28), (1-year CMT + 1.380%)(b)		470		473,345
5.54%, 04/17/26 (Call 04/17/25), (1-year CMT + 1.500%)(b)		200		199,801
Mizuho Financial Group Inc.
1.23%, 05/22/27 (Call 05/22/26), (1-year CMT + 0.670%)(b)		555		507,060
1.55%, 07/09/27 (Call 07/09/26), (1-year CMT + 0.750%)(b)		145		132,742
2.23%, 05/25/26 (Call 05/25/25), (3-mo. SOFR + 1.092%)(a)(b)		1,380		1,323,765
2.84%, 09/13/26		20		18,844
3.17%, 09/11/27		5		4,674
4.02%, 03/05/28		550		528,756
4.25%, 09/11/29 (Call 09/11/28), (3-mo. SOFR + 1.532%)(b)		310		297,055
5.41%, 09/13/28 (Call 09/13/27), (1-year CMT + 2.050%)(b)		65		65,278
5.67%, 05/27/29 (Call 05/27/28), (1-year CMT + 1.500%)(b)		495		501,627
5.78%, 07/06/29 (Call 07/06/28), (1-year CMT + 1.650%)(b)		855		870,544
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25), (1-day SOFR + 0.720%)(b)		3,397		3,134,409
1.51%, 07/20/27 (Call 07/20/26), (1-day SOFR + 0.858%)(b)		1,995		1,824,623
1.59%, 05/04/27 (Call 05/04/26), (1-day SOFR + 0.879%)(b)		3,215		2,964,047
2.19%, 04/28/26 (Call 04/28/25), (1-day SOFR + 1.990%)(a)(b)		1,563		1,504,203
2.48%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.000%)(b)		1,755		1,623,399
3.13%, 07/27/26(a)		1,535		1,463,562
3.59%, 07/22/28 (Call 07/22/27)(b)		255		241,319
3.63%, 01/20/27(a)		55		53,028
3.77%, 01/24/29 (Call 01/24/28), (3-mo. SOFR + 1.402%)(b)		1,890		1,786,291
3.88%, 01/27/26		1,051		1,025,453
3.95%, 04/23/27		415		399,430
4.00%, 07/23/25		919		903,293
4.21%, 04/20/28 (Call 04/20/27), (1-day SOFR + 1.610%)(b)		770		745,180
4.35%, 09/08/26		210		205,275
4.43%, 01/23/30 (Call 01/23/29), (3-mo. SOFR + 1.890%)(b)		5		4,801

Security	Par (000)		Value
Banks (continued)
4.68%, 07/17/26 (Call 07/17/25), (1-day SOFR + 1.669%)(b)	$	330	$	326,515
5.00%, 11/24/25		873		867,838
5.12%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.730%)(b)		490		487,064
5.17%, 01/16/30 (Call 01/16/29), (1-day SOFR + 1.450%)(b)		1,375		1,366,456
5.45%, 07/20/29 (Call 07/20/28), (1-day SOFR + 1.630%)(b)		250		251,036
6.25%, 08/09/26		225		230,279
6.30%, 10/18/28 (Call 10/18/27), (1-day SOFR + 2.240%)(b)		120		124,037
6.41%, 11/01/29 (Call 11/01/28), (1-day SOFR + 1.830%)(b)		410		427,757
Morgan Stanley Bank NA
4.75%, 04/21/26 (Call 03/21/26)		350		347,825
4.95%, 01/14/28 (Call 01/14/27), (1-day SOFR + 1.080%)(b)		640		636,400
National Australia Bank Ltd./New York
3.91%, 06/09/27		265		256,910
4.90%, 06/13/28		500		498,839
4.94%, 01/12/28		250		249,894
National Bank of Canada, 5.60%, 12/18/28		2,460		2,484,236
NatWest Group PLC
1.64%, 06/14/27 (Call 06/14/26), (1-year CMT + 0.900%)(b)		1,965		1,796,088
3.07%, 05/22/28 (Call 05/22/27), (1-year CMT + 2.550%)(b)		1,330		1,234,436
4.80%, 04/05/26		1,185		1,170,338
4.89%, 05/18/29 (Call 05/18/28), (3-mo. LIBOR US + 1.754%)(b)		25		24,327
5.08%, 01/27/30 (Call 01/27/29), (3-mo. LIBOR US + 1.905%)(b)		600		586,585
5.52%, 09/30/28 (Call 09/30/27), (1-year CMT + 2.270%)(b)		200		199,834
5.58%, 03/01/28 (Call 03/01/27), (1-year CMT + 1.100%)(b)		200		200,156
5.81%, 09/13/29 (Call 09/13/28), (1-year CMT + 1.950%)(b)		500		505,041
5.85%, 03/02/27 (Call 03/02/26), (1-year CMT + 1.350%)(b)		235		235,932
Northern Trust Corp.
3.38%, 05/08/32 (Call 05/08/27), (3-mo. LIBOR US + 1.131%)(b)		5		4,637
3.95%, 10/30/25(a)		378		370,769
PNC Bank NA
3.10%, 10/25/27 (Call 09/25/27)		500		464,496
3.25%, 06/01/25 (Call 05/02/25)		277		269,604
3.25%, 01/22/28 (Call 12/23/27)		30		27,858
3.88%, 04/10/25 (Call 03/10/25)		2,202		2,160,086
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		45		40,837
2.60%, 07/23/26 (Call 05/23/26)		80		75,212
3.15%, 05/19/27 (Call 04/19/27)		545		512,946
5.30%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.342%)(a)(b)		265		264,668
5.35%, 12/02/28 (Call 12/02/27), (1-day SOFR + 1.620%)(b)		1,215		1,214,380
5.58%, 06/12/29 (Call 06/12/28), (1-day SOFR + 1.841%)(a)(b)		998		1,004,330

16 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.62%, 10/20/27 (Call 10/20/26), (1-day SOFR + 1.730%)(b)	$	480	$	492,818
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		470		400,284
2.25%, 05/18/25 (Call 04/18/25)		695		665,480
Royal Bank of Canada
0.88%, 01/20/26(a)		205		189,775
1.15%, 06/10/25		1,088		1,033,622
1.15%, 07/14/26		170		155,308
1.20%, 04/27/26(a)		175		161,043
1.40%, 11/02/26		200		181,755
2.05%, 01/21/27(a)		55		50,758
3.63%, 05/04/27		155		148,546
4.24%, 08/03/27		120		116,912
4.65%, 01/27/26		140		138,603
4.88%, 01/12/26		160		159,349
4.88%, 01/19/27		325		323,395
4.90%, 01/12/28		1,540		1,534,931
4.95%, 02/01/29(a)		1,025		1,018,275
5.20%, 07/20/26		305		305,954
5.20%, 08/01/28		975		980,297
6.00%, 11/01/27		165		169,900
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27), (1-day SOFR + 1.249%)(b)		2,760		2,496,064
3.24%, 10/05/26 (Call 08/05/26)		60		56,219
3.45%, 06/02/25 (Call 05/02/25)		275		266,674
4.50%, 07/17/25 (Call 04/17/25)		300		294,100
6.50%, 03/09/29 (Call 03/09/28), (1-day SOFR + 2.356%)(b)		310		314,819
6.57%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.700%)(b)		167		170,086
Santander U.K. Group Holdings PLC
1.53%, 08/21/26 (Call 08/21/25), (1-year CMT + 1.250%)(b)		200		187,343
1.67%, 06/14/27 (Call 06/14/26), (1-day SOFR + 0.989%)(b)		200		181,810
2.47%, 01/11/28 (Call 01/11/27), (1-day SOFR + 1.220%)(b)		2,300		2,094,517
6.53%, 01/10/29 (Call 01/10/28), (1-day SOFR + 2.600%)(b)		230		235,920
State Street Corp.
2.65%, 05/19/26		25		23,774
3.55%, 08/18/25		2,635		2,581,471
5.10%, 05/18/26 (Call 05/18/25), (1-day SOFR + 1.130%)(b)		105		104,611
5.68%, 11/21/29 (Call 11/21/28), (1-day SOFR + 1.484%)(b)		495		506,077
Sumitomo Mitsui Banking Corp., 3.65%, 07/23/25		260		254,196
Sumitomo Mitsui Financial Group Inc.
1.40%, 09/17/26		205		186,748
1.47%, 07/08/25		1,535		1,459,117
1.90%, 09/17/28		1,400		1,218,037
2.17%, 01/14/27		200		184,659
2.47%, 01/14/29		625		555,949
2.63%, 07/14/26		80		75,523
3.01%, 10/19/26		100		94,672
3.35%, 10/18/27		540		509,325
3.36%, 07/12/27		155		146,897
3.45%, 01/11/27		50		47,885
3.54%, 01/17/28(a)		95		89,979

Security	Par (000)		Value
Banks (continued)
3.94%, 07/19/28(a)	$	700	$	669,950
4.31%, 10/16/28		60		58,702
5.52%, 01/13/28(a)		1,405		1,427,180
5.72%, 09/14/28		45		46,004
5.80%, 07/13/28(a)		430		441,649
5.88%, 07/13/26		220		223,238
Synchrony Bank, 5.63%, 08/23/27 (Call 07/23/27)		520		505,954
Synovus Bank, 5.63%, 02/15/28 (Call 01/15/28)		5		4,816
Toronto-Dominion Bank (The)
0.75%, 09/11/25		30		28,110
0.75%, 01/06/26		50		46,248
1.15%, 06/12/25		1,244		1,180,821
1.20%, 06/03/26		530		486,245
1.25%, 09/10/26		3,558		3,241,742
1.95%, 01/12/27(a)		190		174,876
2.80%, 03/10/27		195		182,878
3.63%, 09/15/31 (Call 09/15/26), (5-year USD Swap + 2.205%)(b)		830		792,110
3.77%, 06/06/25		70		68,752
4.11%, 06/08/27		190		184,392
4.69%, 09/15/27		85		84,030
5.26%, 12/11/26		185		186,127
5.52%, 07/17/28(a)		995		1,010,920
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)		50		48,044
3.63%, 09/16/25 (Call 08/16/25)		250		242,537
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		20		17,407
1.20%, 08/05/25 (Call 07/03/25)		60		56,438
1.27%, 03/02/27 (Call 03/02/26), (1-day SOFR + 0.609%)(b)		655		601,223
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)(b)		875		751,492
3.70%, 06/05/25 (Call 05/05/25)		69		67,481
4.00%, 05/01/25 (Call 03/01/25)		187		183,615
4.87%, 01/26/29 (Call 01/26/28), (1-day SOFR + 1.435%)(b)		535		520,672
5.44%, 01/24/30 (Call 01/24/29), (1-day SOFR + 1.620%)(b)		260		257,411
7.16%, 10/30/29 (Call 10/30/28), (1-day SOFR + 2.446%)(b)		450		476,377
U.S. Bancorp.
1.45%, 05/12/25 (Call 04/11/25)		50		47,844
3.10%, 04/27/26 (Call 03/27/26)(a)		35		33,420
3.90%, 04/26/28 (Call 03/24/28)		515		492,928
4.65%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.230%)(b)		965		937,796
5.38%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.560%)(b)		200		198,872
5.78%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.020%)(b)		900		909,204
UBS AG/London
5.65%, 09/11/28		1,510		1,540,098
5.80%, 09/11/25		1,000		1,007,069
UBS Group AG
3.75%, 03/26/25		464		454,389
4.55%, 04/17/26		585		574,582
Wells Fargo & Co.
2.39%, 06/02/28 (Call 06/02/27), (1-day SOFR + 2.100%)(b)		3,345		3,051,144
3.00%, 10/23/26		170		160,628

S C H E D U L E  O F  I N V E S T M E N T S 17

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.20%, 06/17/27 (Call 06/17/26), (3-mo. SOFR + 1.432%)(b)	$	50	$	47,592
3.53%, 03/24/28 (Call 03/24/27), (1-day SOFR + 1.510%)(b)		275		260,741
3.58%, 05/22/28 (Call 05/22/27), (3-mo. SOFR + 1.572%)(a)(b)		869		823,087
3.91%, 04/25/26 (Call 04/25/25), (1-day SOFR + 1.320%)(b)		10		9,807
4.10%, 06/03/26		5		4,868
4.30%, 07/22/27		270		262,098
4.81%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.980%)(b)		2,640		2,593,306
5.20%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.500%)(b)		935		926,940
5.57%, 07/25/29 (Call 07/25/28), (1-day SOFR + 1.740%)(b)		360		362,506
Westpac Banking Corp.
1.15%, 06/03/26		80		73,513
1.95%, 11/20/28		950		833,272
2.85%, 05/13/26		80		76,444
4.32%, 11/23/31 (Call 11/23/26), (5-year USD ICE Swap + 2.236%)(b)		205		196,844
				271,689,648
Beverages — 3.0%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc., 3.65%, 02/01/26 (Call 11/01/25)		126		122,847
Anheuser-Busch InBev Worldwide Inc.
4.00%, 04/13/28 (Call 01/13/28)		950		920,935
4.75%, 01/23/29 (Call 10/23/28)		1,415		1,405,429
Brown-Forman Corp., 3.50%, 04/15/25 (Call 02/15/25)		70		68,577
Coca-Cola Co. (The)
1.00%, 03/15/28(a)		79		68,822
1.45%, 06/01/27		2,890		2,614,818
1.50%, 03/05/28		5		4,440
2.90%, 05/25/27		155		147,050
3.38%, 03/25/27		1,920		1,849,697
Constellation Brands Inc.
4.35%, 05/09/27 (Call 04/09/27)(a)		55		53,779
4.80%, 01/15/29 (Call 12/15/28)		175		172,381
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		5,165		4,871,166
5.30%, 10/24/27 (Call 09/24/27)		2,270		2,296,401
Keurig Dr Pepper Inc.
2.55%, 09/15/26 (Call 06/15/26)		65		60,957
3.43%, 06/15/27 (Call 03/15/27)		1,725		1,641,905
Molson Coors Beverage Co., 3.00%, 07/15/26 (Call 04/15/26)		6,099		5,808,814
PepsiCo Inc.
2.38%, 10/06/26 (Call 07/06/26)		185		174,295
2.63%, 03/19/27 (Call 01/19/27)		605		568,864
2.75%, 04/30/25 (Call 01/30/25)		281		273,671
2.85%, 02/24/26 (Call 11/24/25)		30		28,851
3.50%, 07/17/25 (Call 04/17/25)		1,571		1,538,883
3.60%, 02/18/28 (Call 01/18/28)		60		57,689
4.45%, 05/15/28 (Call 04/15/28)(a)		500		498,996
5.13%, 11/10/26 (Call 10/10/26)		335		337,188
				25,586,455

Security	Par (000)		Value
Biotechnology — 1.0%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)	$	35	$	30,449
2.20%, 02/21/27 (Call 12/21/26)		10		9,214
2.60%, 08/19/26 (Call 05/19/26)		30		28,316
3.13%, 05/01/25 (Call 02/01/25)		466		454,381
5.15%, 03/02/28 (Call 02/02/28)		2,065		2,069,090
5.25%, 03/02/25		805		803,474
Baxalta Inc., 4.00%, 06/23/25 (Call 03/23/25)		150		147,290
Biogen Inc., 4.05%, 09/15/25 (Call 06/15/25)		467		457,807
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		2,650		2,331,101
2.95%, 03/01/27 (Call 12/01/26)		1,520		1,435,621
3.65%, 03/01/26 (Call 12/01/25)		655		636,146
Illumina Inc., 5.75%, 12/13/27 (Call 11/13/27)		45		45,323
				8,448,212
Building Materials — 1.9%
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)		1,660		1,542,667
5.80%, 11/30/25		700		705,027
Fortune Brands Innovations Inc., 4.00%, 06/15/25 (Call 03/15/25)		3,003		2,946,647
Johnson Controls International PLC, 3.90%, 02/14/26 (Call 11/14/25)		4,295		4,185,562
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)		210		197,975
1.70%, 08/01/27 (Call 06/01/27)(a)		1,085		972,466
5.50%, 09/15/28 (Call 08/15/28)		1,205		1,216,211
Masco Corp., 1.50%, 02/15/28 (Call 12/15/27)		365		316,959
Owens Corning, 3.40%, 08/15/26 (Call 05/15/26)		900		858,904
Trane Technologies Financing Ltd., 3.50%, 03/21/26 (Call 01/21/26)		1,215		1,174,110
Trane Technologies Global Holding Co. Ltd., 3.75%, 08/21/28 (Call 05/21/28)		2,275		2,169,422
Vulcan Materials Co., 4.50%, 04/01/25 (Call 01/01/25)		65		64,309
				16,350,259
Chemicals — 1.7%
Celanese U.S. Holdings LLC
6.05%, 03/15/25		49		49,113
6.17%, 07/15/27 (Call 06/15/27)		935		949,331
Dow Chemical Co. (The), 4.80%, 11/30/28 (Call 08/30/28)(a)		1,025		1,017,125
DuPont de Nemours Inc., 4.73%, 11/15/28 (Call 08/15/28)		10		9,947
Eastman Chemical Co., 3.80%, 03/15/25 (Call 12/15/24)		45		44,191
Ecolab Inc.
1.65%, 02/01/27 (Call 01/01/27)		4,195		3,834,370
2.70%, 11/01/26 (Call 08/01/26)		4,095		3,881,402
3.25%, 12/01/27 (Call 09/01/27)		1,445		1,368,312
5.25%, 01/15/28 (Call 12/15/27)		555		563,026
EIDP Inc., 1.70%, 07/15/25 (Call 06/15/25)		54		51,335
International Flavors & Fragrances Inc., 4.45%, 09/26/28 (Call 06/26/28)		400		386,409
LYB International Finance II BV, 3.50%, 03/02/27 (Call 12/02/26)		50		47,607
Nutrien Ltd.
3.00%, 04/01/25 (Call 01/01/25)		75		72,950
4.00%, 12/15/26 (Call 09/15/26)		195		188,894
4.90%, 03/27/28 (Call 02/27/28)		905		897,576

18 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)	$	1,021	$	943,663
3.75%, 03/15/28 (Call 12/15/27)		20		19,154
Sherwin-Williams Co. (The), 3.45%, 08/01/25 (Call 05/01/25)		115		112,063
				14,436,468
Commercial Services — 1.2%
Automatic Data Processing Inc.
1.70%, 05/15/28 (Call 03/15/28)(a)		445		396,178
3.38%, 09/15/25 (Call 06/15/25)		8,145		7,957,421
Block Financial LLC
2.50%, 07/15/28 (Call 05/15/28)		150		132,115
5.25%, 10/01/25 (Call 07/01/25)(a)		342		339,439
GXO Logistics Inc., 1.65%, 07/15/26 (Call 06/15/26)(a)		1,060		971,966
Moody’s Corp., 3.75%, 03/24/25 (Call 02/24/25)		75		73,742
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		539		516,055
2.65%, 10/01/26 (Call 08/01/26)		85		80,150
S&P Global Inc., 2.45%, 03/01/27 (Call 02/01/27)		305		284,307
				10,751,373
Computers — 2.1%
Apple Inc.
1.20%, 02/08/28 (Call 12/08/27)		1,900		1,669,734
3.00%, 06/20/27 (Call 03/20/27)		25		23,712
3.00%, 11/13/27 (Call 08/13/27)		145		137,148
4.00%, 05/10/28 (Call 04/10/28)		435		425,928
Dell International LLC/EMC Corp.
4.90%, 10/01/26 (Call 08/01/26)		350		346,804
6.02%, 06/15/26 (Call 03/15/26)		360		363,968
DXC Technology Co.
1.80%, 09/15/26 (Call 08/15/26)		30		27,239
2.38%, 09/15/28 (Call 07/15/28)(a)		460		396,583
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)		1,097		1,019,586
4.90%, 10/15/25 (Call 07/15/25)		2,638		2,621,035
5.25%, 07/01/28 (Call 06/01/28)(a)		720		721,151
6.10%, 04/01/26 (Call 04/01/24)(a)		10		10,003
HP Inc.
1.45%, 06/17/26 (Call 05/17/26)		45		41,345
2.20%, 06/17/25 (Call 05/17/25)		1,878		1,802,783
3.00%, 06/17/27 (Call 04/17/27)		195		182,165
4.75%, 01/15/28 (Call 12/15/27)		40		39,591
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)		130		117,349
2.20%, 02/09/27 (Call 01/09/27)		15		13,866
3.30%, 05/15/26		670		645,060
3.30%, 01/27/27		110		105,087
3.45%, 02/19/26(a)		4,505		4,370,222
4.50%, 02/06/26		355		351,780
4.50%, 02/06/28 (Call 01/06/28)		155		152,892
7.00%, 10/30/25		2,200		2,270,784
Leidos Inc., 3.63%, 05/15/25 (Call 04/15/25)		496		484,319
				18,340,134
Cosmetics & Personal Care — 0.6%
Colgate-Palmolive Co.
3.10%, 08/15/27 (Call 07/15/27)		2,120		2,022,541
4.80%, 03/02/26		124		124,298
Conopco Inc., Series E, 7.25%, 12/15/26		20		21,214

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
Procter & Gamble Co. (The)
2.80%, 03/25/27	$	10	$	9,466
2.85%, 08/11/27(a)		20		18,873
4.35%, 01/29/29		275		272,641
Unilever Capital Corp.
2.90%, 05/05/27 (Call 02/05/27)		105		99,231
3.10%, 07/30/25		152		148,152
3.38%, 03/22/25 (Call 01/22/25)		175		171,611
3.50%, 03/22/28 (Call 12/22/27)		1,960		1,875,174
4.88%, 09/08/28 (Call 08/08/28)		255		256,837
				5,020,038
Distribution & Wholesale — 0.2%
LKQ Corp., 5.75%, 06/15/28 (Call 05/15/28)		1,565		1,580,776
Diversified Financial Services — 5.3%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
1.75%, 01/30/26 (Call 12/30/25)		2,085		1,936,996
2.45%, 10/29/26 (Call 09/29/26)		1,695		1,563,979
3.00%, 10/29/28 (Call 08/29/28)		2,300		2,066,552
3.88%, 01/23/28 (Call 10/23/27)		435		409,605
4.45%, 10/01/25 (Call 08/01/25)		575		563,975
4.45%, 04/03/26 (Call 02/03/26)		180		176,313
4.63%, 10/15/27 (Call 08/15/27)		85		82,290
5.10%, 01/19/29 (Call 12/19/28)(a)		385		378,475
5.75%, 06/06/28 (Call 05/06/28)(a)		370		372,949
6.10%, 01/15/27 (Call 12/15/26)		150		151,939
6.50%, 07/15/25 (Call 06/15/25)(a)		677		683,114
Affiliated Managers Group Inc., 3.50%, 08/01/25		50		48,628
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)(a)		105		96,429
2.10%, 09/01/28 (Call 07/01/28)		390		338,685
2.20%, 01/15/27 (Call 12/15/26)(a)		750		686,966
2.88%, 01/15/26 (Call 12/15/25)(a)		668		637,246
3.25%, 03/01/25 (Call 01/01/25)		674		658,067
3.38%, 07/01/25 (Call 06/01/25)		36		34,979
3.63%, 04/01/27 (Call 01/01/27)		190		180,411
5.10%, 03/01/29 (Call 02/01/29)		150		147,414
5.30%, 02/01/28 (Call 01/01/28)(a)		1,300		1,292,158
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26)(a)		1,270		1,230,804
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		20		16,990
4.63%, 03/30/25		228		225,098
4.75%, 06/09/27 (Call 05/09/27)(a)		635		616,577
5.80%, 05/01/25 (Call 04/01/25)(a)		15		14,974
6.85%, 01/03/30 (Call 01/03/29), (1-day SOFR + 2.282%)(a)(b)		430		439,475
6.99%, 06/13/29 (Call 06/13/28), (1-day SOFR + 3.260%)(b)		10		10,272
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)		110		100,574
2.55%, 03/04/27 (Call 02/01/27)		465		432,001
3.13%, 05/20/26 (Call 04/20/26)		933		895,390
3.30%, 05/03/27 (Call 04/03/27)		505		478,750
4.20%, 11/06/25 (Call 10/06/25)		402		396,538
5.10%, 02/16/28 (Call 02/16/27), (1-day SOFR + 1.000%)(b)		280		278,883
5.28%, 07/27/29 (Call 07/27/28), (1-day SOFR + 1.280%)(b)		600		603,429
5.39%, 07/28/27 (Call 07/28/26), (1-day SOFR + 0.970%)(a)(b)		85		85,234

S C H E D U L E  O F  I N V E S T M E N T S 19

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
5.85%, 11/05/27 (Call 10/05/27)	$	1,005	$	1,030,792
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)(a)		70		66,342
Ameriprise Financial Inc., 3.00%, 04/02/25 (Call 03/02/25)		989		963,048
Brookfield Finance Inc.
3.90%, 01/25/28 (Call 10/25/27)(a)		120		115,069
4.25%, 06/02/26 (Call 03/02/26)		227		222,880
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26), (1-day SOFR + 0.855%)(b)		160		145,178
3.65%, 05/11/27 (Call 04/11/27)		35		33,317
3.75%, 07/28/26 (Call 06/28/26)		35		33,591
3.75%, 03/09/27 (Call 02/09/27)		170		162,275
4.93%, 05/10/28 (Call 05/10/27), (1-day SOFR + 2.057%)(b)		1,575		1,540,631
4.99%, 07/24/26 (Call 07/24/25), (1-day SOFR + 2.160%)(b)		85		84,208
5.47%, 02/01/29 (Call 02/01/28), (1-day SOFR + 2.080%)(b)		1,140		1,132,508
5.70%, 02/01/30 (Call 02/01/29), (1-day SOFR + 1.905%)(a)(b)		140		140,264
6.31%, 06/08/29 (Call 06/08/28), (1-day SOFR + 2.640%)(b)		320		327,726
Cboe Global Markets Inc., 3.65%, 01/12/27 (Call 10/12/26)		610		590,312
Charles Schwab Corp. (The)
1.15%, 05/13/26 (Call 04/13/26)		5		4,587
2.00%, 03/20/28 (Call 01/20/28)		960		851,073
2.45%, 03/03/27 (Call 02/03/27)(a)		95		88,027
3.00%, 03/10/25 (Call 12/10/24)(a)		38		37,101
3.20%, 01/25/28 (Call 10/25/27)		200		187,245
3.30%, 04/01/27 (Call 01/01/27)		50		47,498
3.85%, 05/21/25 (Call 03/21/25)		72		70,654
4.20%, 03/24/25 (Call 02/24/25)(a)		299		295,688
5.64%, 05/19/29 (Call 05/19/28), (1-day SOFR + 2.210%)(b)		5		5,063
5.88%, 08/24/26 (Call 07/24/26)		180		182,823
6.20%, 11/17/29 (Call 11/17/28), (1-day SOFR + 1.878%)(b)		315		325,304
Discover Financial Services
3.75%, 03/04/25 (Call 12/04/24)		520		510,373
4.10%, 02/09/27 (Call 11/09/26)		345		331,573
4.50%, 01/30/26 (Call 11/30/25)		60		58,957
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		1,285		1,223,070
Franklin Resources Inc., 2.85%, 03/30/25		570		555,311
Intercontinental Exchange Inc., 4.00%, 09/15/27 (Call 08/15/27)		195		188,308
Invesco Finance PLC, 3.75%, 01/15/26(a)		478		464,508
Janus Henderson U.S. Holdings Inc., 4.88%, 08/01/25 (Call 05/01/25)		2,505		2,475,453
Legg Mason Inc., 4.75%, 03/15/26		535		531,240
LPL Holdings Inc., 6.75%, 11/17/28 (Call 10/17/28)		205		213,890
Nasdaq Inc.
3.85%, 06/30/26 (Call 03/30/26)(a)		140		135,869
5.35%, 06/28/28 (Call 05/28/28)		1,245		1,257,466
5.65%, 06/28/25		85		85,275
Nomura Holdings Inc.
1.65%, 07/14/26		1,725		1,577,481
1.85%, 07/16/25		1,140		1,082,386
2.17%, 07/14/28		710		618,884

Security	Par (000)		Value
Diversified Financial Services (continued)
2.33%, 01/22/27	$	2,030	$	1,860,250
2.71%, 01/22/29		200		176,242
5.71%, 01/09/26		200		200,374
5.84%, 01/18/28		200		202,743
6.07%, 07/12/28		295		302,009
ORIX Corp.
3.70%, 07/18/27		75		71,709
5.00%, 09/13/27		5		4,995
Radian Group Inc.
4.88%, 03/15/27 (Call 09/15/26)		485		470,999
6.20%, 05/15/29 (Call 02/15/29)		275		275,682
6.63%, 03/15/25 (Call 09/15/24)(a)		760		761,210
Synchrony Financial
3.70%, 08/04/26 (Call 05/04/26)		230		217,045
3.95%, 12/01/27 (Call 09/01/27)		1,200		1,111,472
4.50%, 07/23/25 (Call 04/23/25)		915		894,273
Voya Financial Inc., 3.65%, 06/15/26		37		35,573
Western Union Co. (The), 1.35%, 03/15/26 (Call 02/15/26)		1,007		926,891
				45,836,874
Electric — 6.1%
AEP Texas Inc., 3.95%, 06/01/28 (Call 03/01/28)		1,450		1,386,062
Atlantic City Electric Co., 4.00%, 10/15/28 (Call 07/15/28)		900		866,087
Avangrid Inc., 3.20%, 04/15/25 (Call 03/15/25)		7,471		7,267,335
Baltimore Gas & Electric Co., 2.40%, 08/15/26 (Call 05/15/26)		5		4,712
Commonwealth Edison Co.
2.55%, 06/15/26 (Call 03/15/26)		90		85,150
3.70%, 08/15/28 (Call 05/15/28)		1,540		1,466,634
Series 122, 2.95%, 08/15/27 (Call 05/15/27)		10		9,365
Connecticut Light & Power Co. (The)
Series A, 0.75%, 12/01/25 (Call 11/01/25)		40		37,089
Series A, 3.20%, 03/15/27 (Call 12/15/26)		320		304,033
Connecticut Light and Power Co. (The), 4.65%, 01/01/29 (Call 12/01/28)		1,100		1,081,429
Consumers Energy Co.
3.80%, 11/15/28 (Call 08/15/28)		800		764,936
4.65%, 03/01/28 (Call 01/01/28)(a)		70		69,533
Edison International
4.95%, 04/15/25 (Call 03/15/25)		148		146,711
5.25%, 11/15/28 (Call 10/15/28)		550		547,108
5.75%, 06/15/27 (Call 04/15/27)		675		681,389
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		1,120		1,075,895
Eversource Energy
2.90%, 03/01/27 (Call 02/01/27)		2,225		2,081,839
4.60%, 07/01/27 (Call 06/01/27)		55		53,783
5.00%, 01/01/27(a)		150		148,973
5.45%, 03/01/28 (Call 02/01/28)		135		135,738
5.95%, 02/01/29 (Call 01/01/29)(a)		350		358,458
Series Q, 0.80%, 08/15/25 (Call 07/15/25)		271		252,956
Series U, 1.40%, 08/15/26 (Call 07/15/26)		2,920		2,651,503
Exelon Corp.
3.40%, 04/15/26 (Call 01/15/26)		127		122,279
3.95%, 06/15/25 (Call 03/15/25)		579		568,313
5.15%, 03/15/28 (Call 02/15/28)		780		778,328
5.15%, 03/15/29 (Call 02/15/29)		85		84,594
Florida Power & Light Co.
2.85%, 04/01/25 (Call 03/01/25)		3,876		3,778,867
3.13%, 12/01/25 (Call 06/01/25)		78		75,602
4.40%, 05/15/28 (Call 03/15/28)		120		117,898

20 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.05%, 04/01/28 (Call 03/01/28)	$	125	$	125,907
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26)		1,740		1,642,681
Iberdrola International BV, 5.81%, 03/15/25		1,170		1,170,025
ITC Holdings Corp.
3.25%, 06/30/26 (Call 03/30/26)		3,255		3,108,779
3.35%, 11/15/27 (Call 08/15/27)		10		9,380
National Grid PLC, 5.60%, 06/12/28 (Call 05/12/28)		2,645		2,678,313
National Rural Utilities Cooperative Finance Corp.
4.85%, 02/07/29 (Call 01/07/29)		250		247,869
5.05%, 09/15/28 (Call 08/15/28)		110		110,119
5.25%, 04/20/46 (Call 04/20/26), (3-mo. LIBOR US + 3.630%)(b)		15		14,551
NextEra Energy Capital Holdings Inc.
1.88%, 01/15/27 (Call 12/15/26)		1,414		1,290,352
1.90%, 06/15/28 (Call 04/15/28)		1,197		1,048,392
3.55%, 05/01/27 (Call 02/01/27)		135		128,439
3.80%, 03/15/82 (Call 03/15/27), (5-year CMT + 2.547%)(b)		322		286,841
4.63%, 07/15/27 (Call 06/15/27)(a)		145		142,662
4.80%, 12/01/77 (Call 12/01/27), (3-mo. LIBOR US + 2.409%)(a)(b)		300		271,655
4.90%, 02/28/28 (Call 01/28/28)		650		644,607
4.90%, 03/15/29 (Call 02/15/29)		500		493,792
4.95%, 01/29/26		500		496,334
NSTAR Electric Co., 3.20%, 05/15/27 (Call 02/15/27)(a)		435		414,407
Oncor Electric Delivery Co. LLC
2.95%, 04/01/25 (Call 01/01/25)		2,230		2,174,461
3.70%, 11/15/28 (Call 08/15/28)		65		61,589
Pacific Gas and Electric Co.
2.10%, 08/01/27 (Call 06/01/27)		105		94,061
3.30%, 12/01/27 (Call 09/01/27)		260		240,188
5.45%, 06/15/27 (Call 05/15/27)		970		968,163
5.55%, 05/15/29 (Call 04/15/29)		375		375,745
Public Service Electric & Gas Co.
0.95%, 03/15/26 (Call 02/15/26)		142		131,409
2.25%, 09/15/26 (Call 06/15/26)		50		46,723
3.00%, 05/15/25 (Call 02/15/25)		32		31,181
3.00%, 05/15/27 (Call 02/15/27)		50		47,258
Public Service Enterprise Group Inc.
0.80%, 08/15/25 (Call 07/15/25)		555		519,702
5.85%, 11/15/27 (Call 10/15/27)		3,840		3,931,349
5.88%, 10/15/28 (Call 09/15/28)		140		143,676
San Diego Gas & Electric Co.
2.50%, 05/15/26 (Call 02/15/26)		145		137,565
4.95%, 08/15/28 (Call 07/15/28)		285		284,921
Sempra
3.25%, 06/15/27 (Call 03/15/27)		30		28,214
4.13%, 04/01/52 (Call 01/01/27), (5-year CMT + 2.868%)(b)		505		463,690
5.40%, 08/01/26 (Call 07/01/26)		175		175,430
Southern California Edison Co.
4.88%, 02/01/27 (Call 01/01/27)		275		273,580
4.90%, 06/01/26 (Call 05/01/26)		180		178,763
5.30%, 03/01/28 (Call 02/01/28)		70		70,673
5.35%, 03/01/26		275		275,176
5.65%, 10/01/28 (Call 09/01/28)		525		537,547
Series E, 3.70%, 08/01/25 (Call 06/01/25)		235		229,545
				52,748,313

Security	Par (000)		Value
Electrical Components & Equipment — 0.0%
Emerson Electric Co., 3.15%, 06/01/25 (Call 03/01/25)	$	149	$	145,512
Electronics — 0.7%
Allegion U.S. Holding Co. Inc., 3.55%, 10/01/27 (Call 07/01/27)		390		368,909
Amphenol Corp., 2.05%, 03/01/25 (Call 02/01/25)(a)		225		217,463
Avnet Inc.
4.63%, 04/15/26 (Call 01/15/26)		150		146,801
6.25%, 03/15/28 (Call 02/15/28)(a)		240		244,109
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		1,220		1,179,708
4.75%, 06/15/25 (Call 03/15/25)		197		194,746
Fortive Corp., 3.15%, 06/15/26 (Call 03/15/26)		80		76,360
Honeywell International Inc.
1.10%, 03/01/27 (Call 02/01/27)		77		69,186
1.35%, 06/01/25 (Call 05/01/25)		3,095		2,956,966
2.50%, 11/01/26 (Call 08/01/26)		70		65,968
Hubbell Inc., 3.15%, 08/15/27 (Call 05/15/27)		10		9,383
Jabil Inc., 4.25%, 05/15/27 (Call 04/15/27)		45		43,455
Keysight Technologies Inc., 4.60%, 04/06/27 (Call 01/06/27)		100		98,400
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28)(a)		33		32,703
Vontier Corp., 1.80%, 04/01/26 (Call 03/01/26)		823		759,225
				6,463,382
Environmental Control — 0.2%
Republic Services Inc., 3.20%, 03/15/25 (Call 12/15/24)		213		207,966
Veralto Corp., 5.35%, 09/18/28 (Call 08/18/28)(c)		1,405		1,414,591
Waste Management Inc., 3.13%, 03/01/25 (Call 12/01/24)(a)		60		58,721
				1,681,278
Food — 3.0%
Campbell Soup Co.
3.30%, 03/19/25 (Call 12/19/24)		198		193,044
3.95%, 03/15/25 (Call 01/15/25)		197		193,842
4.15%, 03/15/28 (Call 12/15/27)		450		434,059
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		946		821,986
4.60%, 11/01/25 (Call 09/01/25)		95		93,592
4.85%, 11/01/28 (Call 08/01/28)(a)		1,020		1,002,335
5.30%, 10/01/26		105		105,016
General Mills Inc.
3.20%, 02/10/27 (Call 11/10/26)		5,230		4,971,186
4.00%, 04/17/25 (Call 02/17/25)		603		593,429
4.20%, 04/17/28 (Call 01/17/28)		10		9,696
4.70%, 01/30/27 (Call 12/20/26)		275		272,232
5.24%, 11/18/25 (Call 03/18/24)(a)		150		149,817
5.50%, 10/17/28 (Call 09/17/28)		75		76,222
Hershey Co. (The), 3.20%, 08/21/25 (Call 05/21/25)		15		14,636
Hormel Foods Corp., 1.70%, 06/03/28 (Call 04/03/28)		535		472,280
Ingredion Inc., 3.20%, 10/01/26 (Call 07/01/26)		1,875		1,787,998
J M Smucker Co. (The), 5.90%, 11/15/28 (Call 10/15/28)		395		406,593
Kellanova
3.25%, 04/01/26		5,632		5,413,609
3.40%, 11/15/27 (Call 08/15/27)		2,035		1,915,968
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)		137		130,718
3.88%, 05/15/27 (Call 02/15/27)		315		304,032
4.63%, 01/30/29 (Call 10/30/28)		505		495,272

S C H E D U L E  O F  I N V E S T M E N T S 21

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
Kroger Co. (The)
2.65%, 10/15/26 (Call 07/15/26)(a)	$	220	$	206,714
3.50%, 02/01/26 (Call 11/01/25)		105		101,769
3.70%, 08/01/27 (Call 05/01/27)		1,710		1,640,223
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		180		165,600
3.40%, 08/15/27 (Call 05/15/27)		2,505		2,369,467
Mondelez International Inc.
1.50%, 05/04/25 (Call 04/04/25)		1,749		1,672,059
4.75%, 02/20/29 (Call 01/20/29)		275		271,807
				26,285,201
Forest Products & Paper — 0.0%
Suzano International Finance BV, 5.50%, 01/17/27		10		9,986
Gas — 0.2%
National Fuel Gas Co.
5.20%, 07/15/25 (Call 04/15/25)		115		114,073
5.50%, 01/15/26 (Call 12/15/25)		1,414		1,409,670
5.50%, 10/01/26		125		124,630
Southern California Gas Co.
2.95%, 04/15/27 (Call 03/15/27)		68		63,979
3.20%, 06/15/25 (Call 03/15/25)		80		78,172
				1,790,524
Hand & Machine Tools — 0.1%
Regal Rexnord Corp., 6.05%, 04/15/28 (Call 03/15/28)(c)		200		201,156
Stanley Black & Decker Inc., 4.00%, 03/15/60 (Call 03/15/25), (5-year CMT + 2.657%)(b)		464		413,046
				614,202
Health Care - Products — 0.4%
Agilent Technologies Inc., 3.05%, 09/22/26 (Call 06/22/26)		810		770,235
Baxter International Inc., 1.92%, 02/01/27 (Call 01/01/27)		50		45,459
Danaher Corp., 3.35%, 09/15/25 (Call 06/15/25)		47		45,842
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28)		1,255		1,217,964
HCA Inc., 3.13%, 03/15/27 (Call 02/15/27)		840		789,427
Zimmer Biomet Holdings Inc., 5.35%, 12/01/28 (Call 11/01/28)		515		520,320
				3,389,247
Health Care - Services — 1.9%
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)		1,533		1,352,565
4.25%, 12/15/27 (Call 03/18/24)		615		586,225
Elevance Health Inc.
1.50%, 03/15/26 (Call 02/15/26)(a)		1,350		1,254,084
3.65%, 12/01/27 (Call 09/01/27)		1,980		1,893,405
4.10%, 03/01/28 (Call 12/01/27)		710		686,717
HCA Inc.
4.50%, 02/15/27 (Call 08/15/26)		1,025		1,003,712
5.20%, 06/01/28 (Call 05/01/28)(a)		290		288,806
5.25%, 04/15/25		217		216,031
5.25%, 06/15/26 (Call 12/15/25)		125		124,235
5.38%, 09/01/26 (Call 03/01/26)		392		390,862
5.63%, 09/01/28 (Call 03/01/28)(a)		205		206,520
5.88%, 02/15/26 (Call 08/15/25)		455		457,008
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)(a)		110		98,689
3.95%, 03/15/27 (Call 12/15/26)		95		91,620

Security	Par (000)		Value
Health Care - Services (continued)
4.50%, 04/01/25 (Call 03/01/25)	$	197	$	194,960
5.75%, 03/01/28 (Call 02/01/28)		260		264,890
5.75%, 12/01/28 (Call 11/01/28)		300		306,405
IQVIA Inc., 5.70%, 05/15/28 (Call 04/15/28)		305		307,368
Laboratory Corp. of America Holdings
1.55%, 06/01/26 (Call 05/01/26)		132		121,619
3.60%, 09/01/27 (Call 06/01/27)		225		213,684
Quest Diagnostics Inc.
3.45%, 06/01/26 (Call 03/01/26)		315		303,060
3.50%, 03/30/25 (Call 12/30/24)		430		422,155
UnitedHealth Group Inc.
3.70%, 05/15/27 (Call 04/15/27)		1,010		977,489
1.15%, 05/15/26 (Call 04/15/26)		20		18,432
1.25%, 01/15/26		5		4,671
2.95%, 10/15/27		1,390		1,304,992
3.10%, 03/15/26		95		91,760
3.38%, 04/15/27		55		52,699
3.45%, 01/15/27		55		53,081
3.75%, 07/15/25		48		47,109
3.85%, 06/15/28		1,780		1,713,595
3.88%, 12/15/28		610		585,348
4.25%, 01/15/29 (Call 12/15/28)		220		214,506
5.25%, 02/15/28 (Call 01/15/28)(a)		1,025		1,041,563
				16,889,865
Home Builders — 0.0%
Lennar Corp., 4.75%, 11/29/27 (Call 05/29/27)		5		4,920
Toll Brothers Finance Corp., 4.88%, 03/15/27 (Call 12/15/26)		80		78,653
				83,573
Home Furnishings — 0.2%
Harman International Industries Inc., 4.15%, 05/15/25 (Call 02/15/25)		25		24,555
Leggett & Platt Inc., 3.50%, 11/15/27 (Call 08/15/27)		320		298,618
Whirlpool Corp.
3.70%, 05/01/25		17		16,635
4.75%, 02/26/29 (Call 11/26/28)		1,100		1,074,140
				1,413,948
Household Products & Wares — 0.7%
Church & Dwight Co. Inc., 3.15%, 08/01/27 (Call 05/01/27)		15		14,133
Clorox Co. (The), 3.90%, 05/15/28 (Call 02/15/28)		1,855		1,782,755
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)		3,805		3,347,349
2.75%, 02/15/26		120		115,486
3.05%, 08/15/25		510		495,904
				5,755,627
Insurance — 0.7%
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28), (6-mo. LIBOR US + 3.540%)(b)		600		574,755
American International Group Inc., Series A-9, 5.75%, 04/01/48 (Call 04/01/28), (3-mo. LIBOR US + 2.868%)(b)		285		279,789
Aon Corp., 8.21%, 01/01/27		410		441,205
Assurant Inc., 4.90%, 03/27/28 (Call 12/27/27)		130		127,335
Athene Holding Ltd., 4.13%, 01/12/28 (Call 10/12/27)		300		287,292
Brighthouse Financial Inc., 3.70%, 06/22/27 (Call 03/22/27)		30		28,288
Chubb INA Holdings Inc., 3.15%, 03/15/25		115		112,428
CNO Financial Group Inc., 5.25%, 05/30/25 (Call 02/28/25)		263		261,410

22 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)	$	335	$	322,759
7.00%, 04/01/28		70		74,421
Lincoln National Corp.
3.35%, 03/09/25(a)		25		24,395
3.80%, 03/01/28 (Call 12/01/27)(a)		250		237,825
Manulife Financial Corp.
2.48%, 05/19/27 (Call 03/19/27)		85		78,921
4.06%, 02/24/32 (Call 02/24/27), (5-year USD ICE Swap + 1.647%)(b)		175		166,791
MetLife Inc., 3.00%, 03/01/25		407		397,860
Munich Re America Corp., Series B, 7.45%, 12/15/26		50		52,978
Principal Financial Group Inc., 3.40%, 05/15/25 (Call 02/15/25)		51		49,811
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		60		55,901
3.88%, 03/27/28 (Call 12/27/27)		1,250		1,200,963
4.50%, 09/15/47 (Call 09/15/27), (3-mo. LIBOR US + 2.380%)(b)		350		327,684
5.38%, 05/15/45 (Call 05/15/25), (3-mo. LIBOR US + 3.031%)(b)		680		669,613
5.70%, 09/15/48 (Call 09/15/28), (3-mo. LIBOR US + 2.665%)(b)		355		346,770
Willis North America Inc., 4.50%, 09/15/28 (Call 06/15/28)		400		385,977
				6,505,171
Internet — 0.5%
Alibaba Group Holding Ltd., 3.40%, 12/06/27 (Call 09/06/27)		880		830,689
Amazon.com Inc.
0.80%, 06/03/25 (Call 05/03/25)		1,015		963,944
1.20%, 06/03/27 (Call 04/03/27)		95		84,938
3.15%, 08/22/27 (Call 05/22/27)		110		104,389
4.55%, 12/01/27 (Call 11/01/27)		1,230		1,225,875
Booking Holdings Inc., 3.65%, 03/15/25 (Call 12/15/24)		28		27,534
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)		210		193,639
1.90%, 03/11/25 (Call 02/11/25)(a)		363		350,278
3.60%, 06/05/27 (Call 03/05/27)		230		219,664
				4,000,950
Iron & Steel — 0.3%
Nucor Corp.
2.00%, 06/01/25 (Call 05/01/25)		188		180,371
3.95%, 05/01/28 (Call 02/01/28)(a)		645		623,219
4.30%, 05/23/27 (Call 04/23/27)		220		214,969
Reliance Inc., 1.30%, 08/15/25 (Call 07/15/25)		153		143,608
Steel Dynamics Inc.
2.40%, 06/15/25 (Call 05/15/25)		209		200,769
5.00%, 12/15/26 (Call 04/01/24)		1,060		1,051,343
				2,414,279
Leisure Time — 0.4%
Harley-Davidson Inc., 3.50%, 07/28/25 (Call 04/28/25)(a)		3,425		3,324,795
Lodging — 0.3%
Hyatt Hotels Corp.
4.85%, 03/15/26 (Call 12/15/25)(a)		267		263,879
5.38%, 04/23/25 (Call 03/23/25)		240		239,501

Security	Par (000)		Value
Lodging (continued)
Marriott International Inc./MD
3.75%, 10/01/25 (Call 07/01/25)	$	102	$	99,385
5.55%, 10/15/28 (Call 09/15/28)		235		239,072
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		471		472,684
Sands China Ltd.
2.55%, 03/08/27 (Call 02/08/27)		705		633,103
5.40%, 08/08/28 (Call 05/08/28)		980		952,564
				2,900,188
Machinery — 2.1%
ABB Finance USA Inc., 3.80%, 04/03/28 (Call 01/03/28)		1,800		1,750,079
Caterpillar Financial Services Corp.
1.10%, 09/14/27		20		17,623
1.45%, 05/15/25		72		68,857
1.70%, 01/08/27		55		50,574
3.60%, 08/12/27(a)		15		14,440
4.85%, 02/27/29		275		275,234
5.05%, 02/27/26		325		325,138
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		1,925		1,760,155
1.88%, 01/15/26 (Call 12/15/25)		1,735		1,626,062
3.95%, 05/23/25		705		691,690
4.55%, 04/10/28 (Call 03/10/28)(a)		535		523,429
5.50%, 01/12/29 (Call 12/12/28)		650		658,630
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)(a)		1,845		1,770,278
Deere & Co., 2.75%, 04/15/25 (Call 03/15/25)		115		111,993
John Deere Capital Corp.
1.50%, 03/06/28(a)		65		57,248
1.70%, 01/11/27		30		27,486
1.75%, 03/09/27		78		71,318
2.35%, 03/08/27		30		27,953
2.80%, 09/08/27		10		9,358
3.40%, 09/11/25		80		78,114
3.45%, 03/13/25		59		57,945
4.15%, 09/15/27		18		17,640
4.75%, 01/20/28		745		744,295
4.90%, 03/03/28		520		522,527
4.95%, 07/14/28		1,720		1,729,850
Oshkosh Corp., 4.60%, 05/15/28 (Call 02/15/28)		1,665		1,619,016
Otis Worldwide Corp.
2.06%, 04/05/25 (Call 03/05/25)(a)		336		323,643
5.25%, 08/16/28 (Call 07/16/28)(a)		160		161,371
Rockwell Automation Inc., 2.88%, 03/01/25 (Call 12/01/24)		80		78,169
Westinghouse Air Brake Technologies Corp.
3.20%, 06/15/25 (Call 05/15/25)		160		155,178
3.45%, 11/15/26 (Call 08/15/26)		30		28,526
4.70%, 09/15/28 (Call 06/15/28)		30		29,264
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)(a)		817		729,966
3.25%, 11/01/26 (Call 08/01/26)		2,043		1,950,427
				18,063,476
Manufacturing — 1.0%
3M Co.
2.25%, 09/19/26 (Call 06/19/26)(a)		320		298,070
2.65%, 04/15/25 (Call 03/15/25)(a)		2,591		2,509,751
2.88%, 10/15/27 (Call 07/15/27)(a)		2,645		2,449,181
3.00%, 08/07/25(a)		2,459		2,382,366
Teledyne Technologies Inc., 1.60%, 04/01/26 (Call 03/01/26)		430		398,718

S C H E D U L E  O F  I N V E S T M E N T S 23

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Manufacturing (continued)
Textron Inc.
3.65%, 03/15/27 (Call 12/15/26)	$	30	$	28,703
3.88%, 03/01/25 (Call 12/01/24)		181		178,156
				8,244,945
Media — 0.6%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.25%, 01/15/29 (Call 11/15/28)		5		4,218
3.75%, 02/15/28 (Call 11/15/27)		565		521,777
4.20%, 03/15/28 (Call 12/15/27)		15		14,054
4.91%, 07/23/25 (Call 04/23/25)		93		91,702
Comcast Corp.
2.35%, 01/15/27 (Call 10/15/26)		20		18,645
3.15%, 02/15/28 (Call 11/15/27)		500		468,909
3.38%, 08/15/25 (Call 05/15/25)		106		103,475
Discovery Communications LLC
3.45%, 03/15/25 (Call 12/15/24)		133		129,874
3.95%, 06/15/25 (Call 03/15/25)		50		48,816
3.95%, 03/20/28 (Call 12/20/27)(a)		20		18,698
FactSet Research Systems Inc., 2.90%, 03/01/27 (Call 02/01/27)		435		406,252
Fox Corp., 3.05%, 04/07/25 (Call 03/07/25)		508		494,411
Paramount Global
2.90%, 01/15/27 (Call 10/15/26)		857		772,127
3.38%, 02/15/28 (Call 11/15/27)		300		262,605
TWDC Enterprises 18 Corp.
2.95%, 06/15/27		45		42,617
3.15%, 09/17/25		363		352,154
Walt Disney Co. (The)
2.20%, 01/13/28(a)		960		875,755
3.35%, 03/24/25(a)		781		765,334
3.70%, 03/23/27		60		58,105
				5,449,528
Mining — 0.0%
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27)		25		24,296
Office & Business Equipment — 0.2%
CDW LLC/CDW Finance Corp., 2.67%, 12/01/26 (Call 11/01/26)		1,581		1,467,382
Oil & Gas — 1.7%
Apache Corp., 4.38%, 10/15/28 (Call 07/15/28)		210		196,753
BP Capital Markets America Inc., 3.80%, 09/21/25 (Call 07/21/25)		208		204,031
BP Capital Markets PLC, 3.28%, 09/19/27 (Call 06/19/27)		105		99,413
Chevron Corp., 1.55%, 05/11/25 (Call 04/11/25)		1,296		1,243,553
Chevron USA Inc., 1.02%, 08/12/27 (Call 06/12/27)		30		26,483
Devon Energy Corp., 5.85%, 12/15/25 (Call 09/15/25)		635		637,979
EQT Corp.
3.90%, 10/01/27 (Call 07/01/27)(a)		1,085		1,027,822
5.00%, 01/15/29 (Call 07/15/28)(a)		500		487,893
5.70%, 04/01/28 (Call 03/01/28)		40		40,283
Hess Corp., 4.30%, 04/01/27 (Call 01/01/27)		2,765		2,693,042
Marathon Oil Corp., 4.40%, 07/15/27 (Call 04/15/27)		55		53,411
Marathon Petroleum Corp.
4.70%, 05/01/25 (Call 04/01/25)		419		414,941
5.13%, 12/15/26 (Call 09/15/26)		155		154,740
Occidental Petroleum Corp., 8.50%, 07/15/27 (Call 01/15/27)		5		5,424

Security	Par (000)		Value
Oil & Gas (continued)
Ovintiv Inc.
5.38%, 01/01/26 (Call 10/01/25)	$	1,765	$	1,754,889
5.65%, 05/15/28 (Call 04/15/28)		1,045		1,054,190
Phillips 66
1.30%, 02/15/26 (Call 01/15/26)		289		267,512
3.85%, 04/09/25 (Call 03/09/25)		21		20,639
3.90%, 03/15/28 (Call 12/15/27)		615		591,704
Phillips 66 Co., 3.75%, 03/01/28 (Call 12/01/27)		50		47,687
Shell International Finance BV
2.50%, 09/12/26		110		103,886
2.88%, 05/10/26		170		162,670
3.88%, 11/13/28 (Call 08/13/28)		810		781,562
TotalEnergies Capital International SA, 3.46%, 02/19/29 (Call 11/19/28)		1,000		939,304
TotalEnergies Capital SA, 3.88%, 10/11/28		1,400		1,348,428
Valero Energy Corp., 3.40%, 09/15/26 (Call 06/15/26)		60		57,365
				14,415,604
Oil & Gas Services — 0.3%
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
2.06%, 12/15/26 (Call 11/15/26)		1,730		1,596,220
3.34%, 12/15/27 (Call 09/15/27)		45		42,435
Halliburton Co., 3.80%, 11/15/25 (Call 08/15/25)		271		264,762
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25 (Call 08/17/25)(a)		705		666,179
				2,569,596
Packaging & Containers — 0.2%
Amcor Finance USA Inc., 3.63%, 04/28/26 (Call 01/28/26)		1,135		1,092,924
Amcor Flexibles North America Inc., 4.00%, 05/17/25 (Call 04/17/25)		140		137,305
WRKCo Inc.
3.75%, 03/15/25 (Call 01/15/25)		120		117,527
3.90%, 06/01/28 (Call 03/01/28)		265		251,185
				1,598,941
Pharmaceuticals — 3.4%
AbbVie Inc.
2.95%, 11/21/26 (Call 09/21/26)		70		66,380
4.80%, 03/15/29 (Call 02/15/29)		1,150		1,144,789
Astrazeneca Finance LLC
1.20%, 05/28/26 (Call 04/28/26)		740		680,609
1.75%, 05/28/28 (Call 03/28/28)		1,310		1,157,959
4.80%, 02/26/27 (Call 01/26/27)		525		523,650
4.85%, 02/26/29 (Call 01/26/29)		525		524,797
4.88%, 03/03/28 (Call 02/03/28)		110		109,898
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)(a)		3,637		3,329,214
3.38%, 11/16/25		4,550		4,425,372
Becton Dickinson and Co.
3.70%, 06/06/27 (Call 03/06/27)		30		28,766
4.69%, 02/13/28 (Call 01/13/28)		185		182,286
4.87%, 02/08/29 (Call 01/08/29)		100		98,741
Bristol-Myers Squibb Co.
1.13%, 11/13/27 (Call 09/13/27)		40		35,057
3.90%, 02/20/28 (Call 11/20/27)		25		24,143
4.90%, 02/22/27 (Call 01/22/27)		250		249,684
4.90%, 02/22/29 (Call 01/22/29)		365		364,065
4.95%, 02/20/26		385		384,434
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		10		9,477

24 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
3.75%, 09/15/25 (Call 06/15/25)	$	505	$	492,554
5.13%, 02/15/29 (Call 01/15/29)		200		199,202
Cencora Inc., 3.25%, 03/01/25 (Call 12/01/24)		166		162,353
Cigna Group (The)
1.25%, 03/15/26 (Call 02/15/26)(a)		70		64,671
3.05%, 10/15/27 (Call 07/15/27)		1,170		1,092,509
3.25%, 04/15/25 (Call 01/15/25)		245		239,142
3.40%, 03/01/27 (Call 12/01/26)(a)		40		38,091
4.38%, 10/15/28 (Call 07/15/28)		2,509		2,436,635
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)		70		61,522
3.63%, 04/01/27 (Call 02/01/27)(a)		50		47,934
4.10%, 03/25/25 (Call 01/25/25)		541		534,322
4.30%, 03/25/28 (Call 12/25/27)		2,030		1,970,874
Eli Lilly & Co.
2.75%, 06/01/25 (Call 03/01/25)		292		283,856
4.50%, 02/09/27 (Call 01/09/27)		550		547,693
4.50%, 02/09/29 (Call 01/09/29)(a)		550		547,012
GlaxoSmithKline Capital Inc.
3.63%, 05/15/25		345		338,980
3.88%, 05/15/28		45		43,511
Johnson & Johnson, 0.95%, 09/01/27 (Call 07/01/27)		55		48,636
McKesson Corp., 4.90%, 07/15/28 (Call 06/15/28)		445		445,083
Mead Johnson Nutrition Co., 4.13%, 11/15/25 (Call 08/15/25)		555		544,523
Merck & Co. Inc.
1.70%, 06/10/27 (Call 05/10/27)		45		40,755
4.05%, 05/17/28 (Call 04/17/28)(a)		280		274,276
Novartis Capital Corp.
2.00%, 02/14/27 (Call 12/14/26)		55		50,974
3.10%, 05/17/27 (Call 02/17/27)		60		57,090
Pfizer Investment Enterprises Pte Ltd., 4.45%, 05/19/28 (Call 04/19/28)		905		887,592
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)		55		52,404
Utah Acquisition Sub Inc., 3.95%, 06/15/26 (Call 03/15/26)		65		62,721
Viatris Inc., 2.30%, 06/22/27 (Call 04/22/27)(a)		610		551,642
Zoetis Inc.
3.00%, 09/12/27 (Call 06/12/27)		3,180		2,976,596
3.90%, 08/20/28 (Call 05/20/28)		1,000		961,340
4.50%, 11/13/25 (Call 08/13/25)(a)		175		172,797
5.40%, 11/14/25 (Call 10/14/25)		100		100,162
				29,666,773
Pipelines — 2.5%
Boardwalk Pipelines LP, 5.95%, 06/01/26 (Call 03/01/26)		20		20,145
Cheniere Corpus Christi Holdings LLC
5.13%, 06/30/27 (Call 01/01/27)		2,070		2,060,048
5.88%, 03/31/25 (Call 10/02/24)		744		743,760
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 03/11/24)		1,134		1,089,157
Columbia Pipeline Group Inc., 4.50%, 06/01/25 (Call 03/01/25)		251		247,335
DCP Midstream Operating LP, 5.63%, 07/15/27 (Call 04/15/27)		15		15,077
Enbridge Inc.
1.60%, 10/04/26 (Call 09/04/26)		95		86,844
3.70%, 07/15/27 (Call 04/15/27)		45		42,970
4.25%, 12/01/26 (Call 09/01/26)		135		132,051
5.90%, 11/15/26 (Call 10/15/26)		400		407,513

Security	Par (000)		Value
Pipelines (continued)
6.00%, 11/15/28 (Call 10/15/28)	$	1,095	$	1,133,855
Energy Transfer LP
4.40%, 03/15/27 (Call 12/15/26)		120		116,874
5.55%, 02/15/28 (Call 01/15/28)		1,010		1,018,451
Enterprise Products Operating LLC
5.38%, 02/15/78 (Call 02/15/28), (3-mo. SOFR + 2.832%)(a)(b)		355		328,483
Series E, 5.25%, 08/16/77 (Call 08/16/27), (3-mo. SOFR + 3.295%)(b)		420		399,313
Kinder Morgan Inc.
1.75%, 11/15/26 (Call 10/15/26)		204		186,259
4.30%, 03/01/28 (Call 12/01/27)		1,145		1,110,213
5.00%, 02/01/29 (Call 01/01/29)		830		823,405
MPLX LP
4.00%, 03/15/28 (Call 12/15/27)		30		28,730
4.13%, 03/01/27 (Call 12/01/26)		80		77,569
4.88%, 06/01/25 (Call 03/01/25)		68		67,365
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		625		594,473
4.00%, 07/13/27 (Call 04/13/27)		1,270		1,223,576
4.55%, 07/15/28 (Call 04/15/28)		5		4,885
5.55%, 11/01/26 (Call 10/01/26)		495		498,558
5.65%, 11/01/28 (Call 10/01/28)		530		539,378
5.85%, 01/15/26 (Call 12/15/25)		2,823		2,847,923
ONEOK Partners LP, 4.90%, 03/15/25 (Call 12/15/24)		1,301		1,291,237
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		15		14,473
5.00%, 03/15/27 (Call 09/15/26)		80		79,432
5.63%, 03/01/25 (Call 12/01/24)		967		965,818
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		150		143,281
3.50%, 03/15/25 (Call 12/15/24)		338		331,366
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.00%, 01/15/28 (Call 04/01/24)		490		479,839
TC PipeLines LP, 4.38%, 03/13/25 (Call 12/13/24)		351		345,629
Tennessee Gas Pipeline Co. LLC, 7.00%, 03/15/27		810		850,151
Western Midstream Operating LP
4.50%, 03/01/28 (Call 12/01/27)		650		622,496
4.65%, 07/01/26 (Call 04/01/26)		25		24,440
4.75%, 08/15/28 (Call 05/15/28)		75		72,510
6.35%, 01/15/29 (Call 12/15/28)		705		727,901
Williams Companies Inc. (The)
3.75%, 06/15/27 (Call 03/15/27)		50		47,825
4.00%, 09/15/25 (Call 06/15/25)		130		127,468
				21,968,076
Real Estate — 0.4%
CBRE Services Inc., 4.88%, 03/01/26 (Call 12/01/25)		2,385		2,356,321
Jones Lang LaSalle Inc., 6.88%, 12/01/28 (Call 11/01/28)		500		525,654
Realty Income Corp., 2.10%, 03/15/28 (Call 01/15/28)		215		190,609
				3,072,584
Real Estate Investment Trusts — 4.7%
Alexandria Real Estate Equities Inc.
3.45%, 04/30/25 (Call 02/28/25)		224		218,756
3.80%, 04/15/26 (Call 02/15/26)		10		9,693
3.95%, 01/15/27 (Call 10/15/26)(a)		5		4,820
American Tower Corp.
1.30%, 09/15/25 (Call 08/15/25)		53		49,843
1.45%, 09/15/26 (Call 08/15/26)		1,345		1,222,593

S C H E D U L E  O F  I N V E S T M E N T S 25

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
1.50%, 01/31/28 (Call 11/30/27)	$	510	$	442,917
1.60%, 04/15/26 (Call 03/15/26)		75		69,432
2.40%, 03/15/25 (Call 02/15/25)		839		811,560
2.75%, 01/15/27 (Call 11/15/26)		885		824,215
3.13%, 01/15/27 (Call 10/15/26)		860		811,028
3.38%, 10/15/26 (Call 07/15/26)		535		510,177
3.55%, 07/15/27 (Call 04/15/27)		100		94,793
3.60%, 01/15/28 (Call 10/15/27)		40		37,641
3.65%, 03/15/27 (Call 02/15/27)		35		33,449
4.00%, 06/01/25 (Call 03/01/25)		100		98,030
4.40%, 02/15/26 (Call 11/15/25)(a)		245		240,917
5.25%, 07/15/28 (Call 06/15/28)(a)		260		259,193
5.50%, 03/15/28 (Call 02/15/28)		230		230,950
5.80%, 11/15/28 (Call 10/15/28)(a)		5		5,098
AvalonBay Communities Inc.
1.90%, 12/01/28 (Call 10/01/28)		750		653,248
3.20%, 01/15/28 (Call 10/15/27)(a)		200		187,406
Boston Properties LP
2.75%, 10/01/26 (Call 07/01/26)		95		87,950
3.65%, 02/01/26 (Call 11/03/25)		680		653,928
4.50%, 12/01/28 (Call 09/01/28)		1,135		1,072,366
6.75%, 12/01/27 (Call 11/01/27)		655		676,609
Brixmor Operating Partnership LP, 3.90%, 03/15/27 (Call 12/15/26)(a)		85		80,978
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)		300		248,373
2.25%, 03/15/26 (Call 02/15/26)(a)		315		294,573
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)(a)		100		90,393
1.35%, 07/15/25 (Call 06/15/25)(a)		90		85,152
2.90%, 03/15/27 (Call 02/15/27)		1,655		1,541,175
3.65%, 09/01/27 (Call 06/01/27)		645		608,731
3.70%, 06/15/26 (Call 03/15/26)		85		81,910
3.80%, 02/15/28 (Call 11/15/27)		3,035		2,857,929
4.00%, 03/01/27 (Call 12/01/26)		65		62,567
4.30%, 02/15/29 (Call 11/15/28)		500		475,218
4.45%, 02/15/26 (Call 11/15/25)		138		135,415
4.80%, 09/01/28 (Call 08/01/28)		530		516,785
5.00%, 01/11/28 (Call 12/11/27)		620		610,911
Digital Realty Trust LP
3.70%, 08/15/27 (Call 05/15/27)(a)		1,070		1,019,776
4.45%, 07/15/28 (Call 04/15/28)		1,465		1,417,461
5.55%, 01/15/28 (Call 12/15/27)		280		282,835
EPR Properties
4.50%, 06/01/27 (Call 03/01/27)		385		363,840
4.75%, 12/15/26 (Call 09/15/26)		500		480,598
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		1,588		1,484,575
1.25%, 07/15/25 (Call 06/15/25)		543		512,313
1.45%, 05/15/26 (Call 04/15/26)		979		901,524
1.80%, 07/15/27 (Call 05/15/27)		15		13,483
2.90%, 11/18/26 (Call 09/18/26)		95		89,454
ERP Operating LP
3.38%, 06/01/25 (Call 03/01/25)		51		49,733
3.50%, 03/01/28 (Call 12/01/27)		250		236,093
Essex Portfolio LP, 1.70%, 03/01/28 (Call 01/01/28)		205		178,163
Federal Realty OP LP
1.25%, 02/15/26 (Call 01/15/26)		700		645,362
3.25%, 07/15/27 (Call 04/15/27)(a)		1,200		1,120,990
5.38%, 05/01/28 (Call 04/01/28)		1,100		1,096,271

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
GLP Capital LP/GLP Financing II Inc.
5.25%, 06/01/25 (Call 03/01/25)	$	52	$	51,574
5.38%, 04/15/26 (Call 01/15/26)		10		9,896
Healthpeak OP LLC
1.35%, 02/01/27 (Call 01/01/27)		625		562,346
2.13%, 12/01/28 (Call 10/01/28)		730		635,397
3.25%, 07/15/26 (Call 05/15/26)		120		114,629
4.00%, 06/01/25 (Call 03/01/25)		368		361,034
Highwoods Realty LP, 4.13%, 03/15/28 (Call 12/15/27)(a)		200		186,550
Host Hotels & Resorts LP
Series E, 4.00%, 06/15/25 (Call 03/15/25)		440		430,999
Series F, 4.50%, 02/01/26 (Call 11/01/25)		1,342		1,313,568
Kilroy Realty LP, 4.38%, 10/01/25 (Call 07/01/25)		218		212,484
Omega Healthcare Investors Inc.
4.50%, 04/01/27 (Call 01/01/27)		505		485,730
4.75%, 01/15/28 (Call 10/15/27)(a)		180		172,710
Physicians Realty LP, 3.95%, 01/15/28 (Call 10/15/27)		120		114,168
Piedmont Operating Partnership LP, 9.25%, 07/20/28 (Call 06/20/28)		200		210,808
Prologis LP
2.13%, 04/15/27 (Call 02/15/27)		50		45,883
3.38%, 12/15/27 (Call 09/15/27)		1,060		1,000,656
4.88%, 06/15/28 (Call 05/15/28)		770		768,892
Realty Income Corp.
3.40%, 01/15/28 (Call 11/15/27)		520		488,033
3.88%, 04/15/25 (Call 02/15/25)		513		504,302
Sabra Health Care LP, 5.13%, 08/15/26 (Call 05/15/26)		147		144,266
Simon Property Group LP
1.75%, 02/01/28 (Call 11/01/27)		715		632,944
3.38%, 12/01/27 (Call 09/01/27)		620		584,789
3.50%, 09/01/25 (Call 06/01/25)		180		175,616
SITE Centers Corp., 4.25%, 02/01/26 (Call 11/01/25)		245		239,086
Store Capital LLC, 4.50%, 03/15/28 (Call 12/15/27)		150		140,934
Ventas Realty LP
3.25%, 10/15/26 (Call 07/15/26)		305		287,949
3.85%, 04/01/27 (Call 01/01/27)		815		776,903
4.13%, 01/15/26 (Call 10/15/25)		95		92,480
4.40%, 01/15/29 (Call 10/15/28)		110		105,317
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		410		355,121
2.70%, 02/15/27 (Call 12/15/26)		2,135		1,993,809
4.00%, 06/01/25 (Call 03/01/25)		213		209,085
4.25%, 04/01/26 (Call 01/01/26)		140		137,266
4.25%, 04/15/28 (Call 01/15/28)		270		261,153
Weyerhaeuser Co., 6.95%, 10/01/27		10		10,603
				40,706,173
Retail — 3.0%
AutoZone Inc.
3.63%, 04/15/25 (Call 03/15/25)(a)		826		810,921
5.05%, 07/15/26		180		179,560
6.25%, 11/01/28 (Call 10/01/28)		180		187,265
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28)(a)		2,600		2,546,243
Costco Wholesale Corp., 1.38%, 06/20/27 (Call 04/20/27)		100		89,878
Dollar Tree Inc., 4.00%, 05/15/25 (Call 03/15/25)		224		220,073
Home Depot Inc. (The)
1.50%, 09/15/28 (Call 07/15/28)(a)		830		723,070
2.13%, 09/15/26 (Call 06/15/26)		180		168,208

26 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
2.50%, 04/15/27 (Call 02/15/27)	$	2,485	$	2,314,579
2.70%, 04/15/25 (Call 03/15/25)		57		55,535
2.80%, 09/14/27 (Call 06/14/27)		880		824,587
2.88%, 04/15/27 (Call 03/15/27)		810		764,293
3.00%, 04/01/26 (Call 01/01/26)		270		260,100
3.35%, 09/15/25 (Call 06/15/25)		391		381,437
3.90%, 12/06/28 (Call 09/06/28)(a)		15		14,515
4.95%, 09/30/26 (Call 08/30/26)		265		265,123
5.13%, 04/30/25		275		275,095
Lowe’s Companies Inc.
1.70%, 09/15/28 (Call 07/15/28)		37		32,149
2.50%, 04/15/26 (Call 01/15/26)		105		99,674
3.10%, 05/03/27 (Call 02/03/27)		860		812,725
3.35%, 04/01/27 (Call 03/01/27)		1,975		1,881,744
3.38%, 09/15/25 (Call 06/15/25)		170		165,376
4.00%, 04/15/25 (Call 03/15/25)		1,091		1,075,243
4.40%, 09/08/25(a)		90		88,904
4.80%, 04/01/26 (Call 03/01/26)		70		69,539
McDonald’s Corp.
3.38%, 05/26/25 (Call 02/26/25)		37		36,166
4.80%, 08/14/28 (Call 07/14/28)		75		74,779
Starbucks Corp.
2.00%, 03/12/27 (Call 01/12/27)(a)		50		45,814
3.80%, 08/15/25 (Call 06/15/25)		13		12,731
4.75%, 02/15/26 (Call 01/15/26)		50		49,671
4.85%, 02/08/27 (Call 01/08/27)		200		198,946
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)		1,440		1,331,085
2.25%, 04/15/25 (Call 03/15/25)(a)		4,956		4,801,675
2.50%, 04/15/26		5,182		4,949,325
				25,806,028
Semiconductors — 2.1%
Applied Materials Inc.
3.30%, 04/01/27 (Call 01/01/27)(a)		130		124,436
3.90%, 10/01/25 (Call 07/01/25)		1,558		1,530,668
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/27 (Call 10/15/26)		65		62,837
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		1,600		1,391,682
2.60%, 05/19/26 (Call 02/19/26)		1,570		1,493,292
3.15%, 05/11/27 (Call 02/11/27)		245		232,167
3.40%, 03/25/25 (Call 02/25/25)		460		451,112
3.70%, 07/29/25 (Call 04/29/25)		467		457,395
3.75%, 03/25/27 (Call 01/25/27)		487		471,041
3.75%, 08/05/27 (Call 07/05/27)		860		828,864
4.88%, 02/10/26		670		667,843
4.88%, 02/10/28 (Call 01/10/28)		340		339,054
Lam Research Corp.
3.75%, 03/15/26 (Call 01/15/26)		127		123,941
3.80%, 03/15/25 (Call 12/15/24)		325		320,238
Marvell Technology Inc.
2.45%, 04/15/28 (Call 02/15/28)		290		260,385
4.88%, 06/22/28 (Call 03/22/28)		5		4,912
5.75%, 02/15/29 (Call 01/15/29)		320		326,073
Micron Technology Inc.
4.19%, 02/15/27 (Call 12/15/26)		25		24,293
5.38%, 04/15/28 (Call 03/15/28)		200		200,544
NVIDIA Corp.
1.55%, 06/15/28 (Call 04/15/28)		90		79,627
3.20%, 09/16/26 (Call 06/16/26)		1,190		1,147,080

Security	Par (000)		Value
Semiconductors (continued)
NXP BV/NXP Funding LLC
5.35%, 03/01/26 (Call 01/01/26)	$	447	$	446,284
5.55%, 12/01/28 (Call 09/01/28)		650		657,160
NXP BV/NXP Funding LLC/NXP USA Inc.
2.70%, 05/01/25 (Call 04/01/25)		141		136,361
3.15%, 05/01/27 (Call 03/01/27)		260		244,431
3.88%, 06/18/26 (Call 04/18/26)		85		82,253
4.40%, 06/01/27 (Call 05/01/27)		410		400,547
QUALCOMM Inc., 3.25%, 05/20/27 (Call 02/20/27)(a)		45		42,904
Skyworks Solutions Inc., 1.80%, 06/01/26 (Call 05/01/26)		27		24,974
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		325		296,582
1.38%, 03/12/25 (Call 02/12/25)		1,202		1,156,213
2.90%, 11/03/27 (Call 08/03/27)(a)		60		56,319
4.60%, 02/08/27 (Call 01/08/27)		150		149,482
4.60%, 02/15/28 (Call 01/15/28)		1,645		1,642,021
4.60%, 02/08/29 (Call 01/08/29)		1,250		1,243,246
TSMC Arizona Corp.
1.75%, 10/25/26 (Call 09/25/26)		200		183,678
3.88%, 04/22/27 (Call 03/22/27)		1,235		1,197,235
				18,497,174
Shipbuilding — 0.1%
Huntington Ingalls Industries Inc.
2.04%, 08/16/28 (Call 06/16/28)		480		417,328
3.48%, 12/01/27 (Call 09/01/27)		675		632,416
3.84%, 05/01/25 (Call 04/01/25)		195		190,747
				1,240,491
Software — 4.4%
Adobe Inc., 2.15%, 02/01/27 (Call 12/01/26)(a)		9,470		8,814,984
Autodesk Inc.
3.50%, 06/15/27 (Call 03/15/27)		105		100,395
4.38%, 06/15/25 (Call 03/15/25)(a)		394		389,506
Broadridge Financial Solutions Inc., 3.40%, 06/27/26 (Call 03/27/26)		500		477,903
Concentrix Corp., 6.60%, 08/02/28 (Call 07/02/28)(a)		140		140,645
Electronic Arts Inc., 4.80%, 03/01/26 (Call 12/01/25)		140		139,253
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)		90		83,242
4.70%, 07/15/27 (Call 06/15/27)		915		908,091
Fiserv Inc.
3.20%, 07/01/26 (Call 05/01/26)		35		33,426
3.85%, 06/01/25 (Call 03/01/25)		32		31,360
5.38%, 08/21/28 (Call 07/21/28)		275		276,697
5.45%, 03/02/28 (Call 02/02/28)		200		201,633
Intuit Inc.
0.95%, 07/15/25 (Call 06/15/25)		4,521		4,265,465
1.35%, 07/15/27 (Call 05/15/27)		195		173,968
Microsoft Corp.
2.40%, 08/08/26 (Call 05/08/26)		3,525		3,336,871
3.13%, 11/03/25 (Call 08/03/25)		2,145		2,084,990
3.30%, 02/06/27 (Call 11/06/26)		6,960		6,722,979
Oracle Corp.
1.65%, 03/25/26 (Call 02/25/26)		60		55,728
2.30%, 03/25/28 (Call 01/25/28)		1,750		1,567,825
2.50%, 04/01/25 (Call 03/01/25)		140		135,595
2.65%, 07/15/26 (Call 04/15/26)		47		44,269
2.80%, 04/01/27 (Call 02/01/27)		2,050		1,912,097
2.95%, 05/15/25 (Call 02/15/25)		107		103,844

S C H E D U L E  O F  I N V E S T M E N T S 27

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)	$	146	$	136,725
1.40%, 09/15/27 (Call 07/15/27)		370		326,838
3.80%, 12/15/26 (Call 09/15/26)		15		14,499
Salesforce Inc., 3.70%, 04/11/28 (Call 01/11/28)		60		57,895
Take-Two Interactive Software Inc.
3.70%, 04/14/27 (Call 03/14/27)		355		339,380
4.95%, 03/28/28 (Call 02/28/28)		285		282,627
5.00%, 03/28/26		295		293,397
VMware LLC
1.40%, 08/15/26 (Call 07/15/26)		3,012		2,738,421
4.50%, 05/15/25 (Call 04/15/25)		1,251		1,237,182
4.65%, 05/15/27 (Call 03/15/27)		30		29,366
Workday Inc., 3.50%, 04/01/27 (Call 03/01/27)		690		656,837
				38,113,933
Telecommunications — 2.3%
AT&T Inc.
1.65%, 02/01/28 (Call 12/01/27)		1,765		1,553,219
2.30%, 06/01/27 (Call 04/01/27)		65		59,512
3.80%, 02/15/27 (Call 11/15/26)		10		9,635
4.10%, 02/15/28 (Call 11/15/27)		510		491,708
4.25%, 03/01/27 (Call 12/01/26)		35		34,116
British Telecommunications PLC, 5.13%, 12/04/28 (Call 09/04/28)(a)		1,000		1,005,126
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)		65		61,338
2.95%, 02/28/26		55		53,014
3.50%, 06/15/25		2,224		2,182,416
4.80%, 02/26/27 (Call 01/26/27)		775		775,180
4.85%, 02/26/29 (Call 01/26/29)		775		776,240
4.90%, 02/26/26		490		490,215
Nokia OYJ, 4.38%, 06/12/27		60		57,504
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		736		692,675
3.20%, 03/15/27 (Call 02/15/27)		775		729,684
3.63%, 12/15/25 (Call 09/15/25)		1,465		1,419,702
5.00%, 02/15/29 (Call 01/15/29)		135		133,744
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		115		107,736
3.70%, 09/15/27 (Call 06/15/27)		160		151,870
T-Mobile USA Inc.
2.05%, 02/15/28 (Call 12/15/27)		1,345		1,198,139
3.75%, 04/15/27 (Call 02/15/27)		95		91,070
4.80%, 07/15/28 (Call 06/15/28)		390		384,801
4.95%, 03/15/28 (Call 02/15/28)		255		253,439
Verizon Communications Inc.
1.45%, 03/20/26 (Call 02/20/26)		53		49,144
2.10%, 03/22/28 (Call 01/22/28)		1,463		1,302,607
2.63%, 08/15/26		800		754,410
3.00%, 03/22/27 (Call 01/22/27)		2,305		2,168,754
4.13%, 03/16/27		315		306,351
4.33%, 09/21/28(a)		505		490,248
Vodafone Group PLC
4.13%, 05/30/25		1,733		1,704,750
4.38%, 05/30/28(a)		10		9,829
				19,498,176

Security	Par (000)		Value
Toys, Games & Hobbies — 0.2%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)	$	420	$	394,089
3.55%, 11/19/26 (Call 09/19/26)		1,680		1,593,196
				1,987,285
Transportation — 1.0%
Canadian National Railway Co.
2.75%, 03/01/26 (Call 12/01/25)		67		64,261
6.90%, 07/15/28		600		646,677
Canadian Pacific Railway Co., 1.75%, 12/02/26 (Call 11/02/26)		55		50,425
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28)		1,610		1,552,167
Norfolk Southern Corp.
2.90%, 06/15/26 (Call 03/15/26)		40		38,112
3.15%, 06/01/27 (Call 03/01/27)		25		23,691
3.65%, 08/01/25 (Call 06/01/25)		10		9,781
Ryder System Inc.
1.75%, 09/01/26 (Call 08/01/26)		935		858,946
2.85%, 03/01/27 (Call 02/01/27)		155		144,947
2.90%, 12/01/26 (Call 10/01/26)		975		916,092
3.35%, 09/01/25 (Call 08/01/25)		1,721		1,668,080
4.30%, 06/15/27 (Call 05/15/27)		525		510,936
4.63%, 06/01/25 (Call 05/01/25)		297		294,199
5.25%, 06/01/28 (Call 05/01/28)(a)		250		250,378
5.30%, 03/15/27 (Call 02/15/27)		145		145,189
5.38%, 03/15/29 (Call 02/15/29)		200		199,780
5.65%, 03/01/28 (Call 02/01/28)		230		233,821
6.30%, 12/01/28 (Call 11/01/28)(a)		425		442,860
Union Pacific Corp.
2.15%, 02/05/27 (Call 12/05/26)		35		32,445
3.00%, 04/15/27 (Call 01/15/27)		20		18,925
3.25%, 08/15/25 (Call 05/15/25)		12		11,687
3.75%, 07/15/25 (Call 05/15/25)		55		53,976
United Parcel Service Inc.
2.40%, 11/15/26 (Call 08/15/26)		105		98,835
3.90%, 04/01/25 (Call 03/01/25)		296		291,989
				8,558,199
Trucking & Leasing — 0.2%
GATX Corp.
3.25%, 03/30/25 (Call 12/30/24)(a)		33		32,175
3.25%, 09/15/26 (Call 06/15/26)		10		9,530
3.50%, 03/15/28 (Call 12/15/27)(a)		1,715		1,608,379
5.40%, 03/15/27 (Call 02/15/27)		45		45,084
				1,695,168
Venture Capital — 0.0%
Hercules Capital Inc.
2.63%, 09/16/26 (Call 08/16/26)		55		49,535
3.38%, 01/20/27 (Call 12/20/26)		285		258,447
				307,982
Water — 0.0%
American Water Capital Corp., 3.40%, 03/01/25 (Call 12/01/24)		352		345,113
Total Long-Term Investments — 98.5% (Cost: $877,532,943)				852,759,963

28 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Short-Term Securities
Money Market Funds — 4.8%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(d)(e)(f)		39,714,612	$	39,734,469
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(d)(e)		1,350,000		1,350,000
Total Short-Term Securities — 4.8% (Cost: $41,070,813)				41,084,469
Total Investments — 103.3% (Cost: $918,603,756)				893,844,432
Liabilities in Excess of Other Assets — (3.3)%				(28,496,697	)
Net Assets — 100.0%			$ 865,347,735

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

^(b)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(c)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	38,044,249	$	1,700,666	(a)	$	—	$	4,955	$	(15,401	)	$	39,734,469		39,714,612	$	159,855	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		960,000		390,000	(a)		—		—		—			1,350,000		1,350,000		100,288			—
								$	4,955	$	(15,401	)	$	41,084,469			$	260,143		$	—

^(a)  Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	852,759,963	$	—	$	852,759,963

S C H E D U L E  O F  I N V E S T M E N T S 29

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2		Level 3		Total
Short-Term Securities
Money Market Funds	$	41,084,469	$	—	$	—	$	41,084,469
	$	41,084,469	$	852,759,963	$	—	$	893,844,432

See notes to financial statements.

30 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities
Ally Auto Receivables Trust, 5.07%, 04/15/27 (Call 03/15/26)	$	1,780	$	1,773,833
American Express Credit Account Master Trust
3.75%, 08/15/27		2,000		1,960,428
Series 2022-2, Class A, 3.39%, 05/15/27		1,000		978,666
BMW Vehicle Lease Trust, 5.99%, 09/25/26		320		322,516
Capital One Multi-Asset Execution Trust, 4.95%, 10/15/27		5,067		5,051,936
GM Financial Consumer Automobile Receivables Trust
4.47%, 02/16/28 (Call 12/16/26)		1,000		988,251
5.78%, 08/16/28		1,220		1,237,372
Series 2021-1, Class A4, 0.54%, 05/17/27 (Call 12/16/24)		850		821,864
Hyundai Auto Receivables Trust, 5.48%, 04/17/28		1,500		1,508,360
Santander Drive Auto Receivables Trust, 5.23%, 12/15/28		210		209,506
Toyota Auto Receivables Owner Trust Series 2021-B, Class A4, 0.53%, 10/15/26 (Call 07/15/25)		1,000		947,441
Verizon Master Trust, 4.49%, 01/22/29 (Call 01/20/26)		1,000		988,658
Total Asset-Backed Securities — 0.5% (Cost: $16,961,705)				16,788,831
Collaterized Mortgage Obligations
Mortgage-Backed Securities — 1.0%
Bank
Series 2017-BNK5, Class A4, 3.13%, 06/15/60 (Call 07/15/27)		850		793,668
Series 2019-BN19, Class A3, 3.18%, 08/15/61 (Call 07/15/29)		1,200		1,050,748
BBCMS Mortgage Trust
6.00%, 09/15/56		4,710		5,021,571
Series 2020-C7, Class A5, 2.04%, 04/15/53 (Call 04/15/30)		670		562,128
Series 2021-C11, Class A5, 2.32%, 09/15/54		2,000		1,654,087
Benchmark Mortgage Trust
3.93%, 03/15/52 (Call 02/15/29)		1,454		1,410,285
4.44%, 05/15/55 (Call 05/15/32)(a)		2,000		1,852,309
Series 2018-B4, Class A5, 4.12%, 07/15/51 (Call 07/15/28)(a)		100		95,294
Series 2018-B4, Class ASB, 4.06%, 07/15/51 (Call 07/15/28)(a)		223		217,092
Series 2018-B6, Class AAB, 4.17%, 10/10/51 (Call 10/10/28)		229		224,105
Series 2019-B11, Class A4, 3.28%, 05/15/52 (Call 06/15/29)		100		90,371
Series 2020-B21, Class A4, 1.70%, 12/17/53 (Call 12/15/30)		1,200		977,650
Series 2020-B21, Class A5, 1.98%, 12/17/53 (Call 12/15/30)		800		651,072
BMO Mortgage Trust, 5.74%, 02/15/57		1,000		1,021,224
CD Mortgage Trust, 3.35%, 11/10/49 (Call 08/10/27)		1,306		1,268,683
Commission Mortgage Trust, Series 2014-UBS3, Class A4, 3.82%, 06/10/47 (Call 06/10/24)		720		716,645

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
3.78%, 11/25/32 (Call 11/25/32)(a)	$	4,000	$	3,716,798
4.43%, 02/25/33 (Call 02/25/33)(a)		2,400		2,336,769
4.65%, 08/25/28		1,000		994,833
GS Mortgage Securities Trust, Series 2015-GC30, Class A4, 3.38%, 05/10/50 (Call 05/10/25)		250		242,181
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP3, Class A5, 2.87%, 08/15/49 (Call 09/15/26)		100		93,319
JPMCC Commercial Mortgage Securities Trust, 3.28%, 07/15/50 (Call 06/15/27)		1,004		971,949
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2014-C18, Class ASB, 3.62%, 10/15/47 (Call 07/15/26)		0		420
Series 2015-C27, Class A4, 3.75%, 12/15/47 (Call 11/15/25)		250		241,238
Series 2016-C31, Class A5, 3.10%, 11/15/49 (Call 11/15/26)		500		465,851
Morgan Stanley Capital I Trust, Series 2019-L3, Class AS, 3.49%, 11/15/52 (Call 11/15/29)		82		72,235
MSWF Commercial Mortgage Trust, 5.75%, 05/15/56 (Call 06/15/33)		2,000		2,085,674
SG Commercial Mortgage Securities Trust, Series 2016-C5, Class C5, 2.90%, 10/10/48 (Call 07/10/26)		488		475,905
UBS Commercial Mortgage Trust, Series 2018-C12, Class ASB, 4.19%, 08/15/51 (Call 08/15/28)		370		361,694
Wells Fargo Commercial Mortgage Trust
Class A4, 2.34%, 08/15/54 (Call 07/15/31)		460		380,535
Class ASB, 4.17%, 05/15/51 (Call 05/15/28)		852		833,378
Series 2015-LC22, Class A4, 3.84%, 09/15/58 (Call 09/15/25)		500		484,104
Series 2017-C41, Class A4, 3.47%, 11/15/50 (Call 11/15/27)		1,000		934,495
Series 2019-C51, Class A4, 3.31%, 06/15/52 (Call 06/15/29)		2,000		1,798,483
Series 2020-C56, Class A5, 2.45%, 06/15/53 (Call 04/15/30)		130		111,013
WFRBS Commercial Mortgage Trust, Series 2014-C21, Class A5, 3.68%, 08/15/47 (Call 08/15/24)		635		629,580
				34,837,386
Total Collaterized Mortgage Obligations — 1.0% (Cost: $37,528,930)				34,837,386
Corporate Bonds & Notes
Advertising — 0.0%
Interpublic Group of Companies Inc. (The)
5.38%, 06/15/33 (Call 03/15/33)		127		125,650
5.40%, 10/01/48 (Call 04/01/48)		255		235,643
				361,293
Aerospace & Defense — 0.2%
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		440		418,901
4.95%, 08/15/25 (Call 05/15/25)		1,135		1,120,119
Howmet Aerospace Inc., 5.95%, 02/01/37		30		30,633

S C H E D U L E  O F  I N V E S T M E N T S 31

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Aerospace & Defense (continued)
Northrop Grumman Corp.
4.90%, 06/01/34 (Call 03/01/34)	$	500	$	486,928
5.20%, 06/01/54 (Call 12/01/53)		500		480,675
RTX Corp.
1.90%, 09/01/31 (Call 06/01/31)		100		79,618
2.25%, 07/01/30 (Call 04/01/30)		754		638,117
2.38%, 03/15/32 (Call 12/15/31)		115		93,202
2.65%, 11/01/26 (Call 08/01/26)		70		65,872
3.13%, 05/04/27 (Call 02/04/27)		362		341,639
3.13%, 07/01/50 (Call 01/01/50)		196		131,740
3.75%, 11/01/46 (Call 05/01/46)		267		202,716
3.95%, 08/16/25 (Call 06/16/25)		680		667,015
4.05%, 05/04/47 (Call 11/04/46)		247		197,868
4.13%, 11/16/28 (Call 08/16/28)		661		634,837
4.15%, 05/15/45 (Call 11/16/44)		175		142,976
4.35%, 04/15/47 (Call 10/15/46)		287		239,788
4.45%, 11/16/38 (Call 05/16/38)		320		284,179
4.50%, 06/01/42		633		553,646
4.63%, 11/16/48 (Call 05/16/48)		214		185,824
4.70%, 12/15/41		57		50,930
4.80%, 12/15/43 (Call 06/15/43)		175		157,161
4.88%, 10/15/40		145		134,153
5.00%, 02/27/26 (Call 01/27/26)		45		44,885
5.15%, 02/27/33 (Call 11/27/32)		100		98,976
5.38%, 02/27/53 (Call 08/27/52)		95		91,690
5.40%, 05/01/35		20		20,175
5.75%, 11/08/26 (Call 10/08/26)		75		76,092
5.75%, 01/15/29 (Call 12/15/28)		65		66,915
6.00%, 03/15/31 (Call 01/15/31)		150		156,249
6.05%, 06/01/36		75		78,532
6.10%, 03/15/34 (Call 12/15/33)		40		42,294
6.13%, 07/15/38		180		190,117
6.40%, 03/15/54 (Call 09/15/53)		80		88,557
7.50%, 09/15/29		10		11,100
				8,304,119
Agriculture — 0.2%
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)		645		607,300
2.70%, 09/15/51 (Call 03/15/51)		210		133,028
2.90%, 03/01/32 (Call 12/01/31)		50		42,609
3.25%, 03/27/30 (Call 12/27/29)		248		224,368
3.75%, 09/15/47 (Call 03/15/47)		119		90,343
4.02%, 04/16/43		28		22,981
4.50%, 08/15/33 (Call 05/15/33)(b)		160		152,493
4.50%, 03/15/49 (Call 09/15/48)		55		48,011
4.54%, 03/26/42		42		37,697
5.94%, 10/01/32		107		113,176
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		1,480		1,401,029
2.75%, 05/14/31 (Call 02/14/31)		1,565		1,331,496
3.25%, 08/15/26 (Call 05/15/26)		1,571		1,497,754
3.75%, 09/25/27 (Call 06/25/27)		889		850,513
				6,552,798
Airlines — 0.0%
Southwest Airlines Co., 2.63%, 02/10/30 (Call 11/10/29)		100		86,439
Apparel — 0.1%
NIKE Inc.
3.25%, 03/27/40 (Call 09/27/39)		70		55,797
3.38%, 11/01/46 (Call 05/01/46)		85		64,237

Security	Par (000)		Value
Apparel (continued)
3.38%, 03/27/50 (Call 09/27/49)(b)	$	203	$	153,912
3.88%, 11/01/45 (Call 05/01/45)		247		204,156
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		655		645,827
Tapestry Inc.
4.13%, 07/15/27 (Call 04/15/27)		72		68,378
4.25%, 04/01/25 (Call 01/01/25)(b)		5		4,923
7.85%, 11/27/33 (Call 08/27/33)		5		5,410
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)		295		283,013
2.80%, 04/23/27 (Call 02/23/27)		1,176		1,066,277
2.95%, 04/23/30 (Call 01/23/30)		400		329,954
				2,881,884
Auto Manufacturers — 0.2%
American Honda Finance Corp.
1.80%, 01/13/31		435		357,164
2.00%, 03/24/28		300		268,706
2.25%, 01/12/29		330		293,040
2.30%, 09/09/26		155		145,381
2.35%, 01/08/27		135		125,944
3.50%, 02/15/28		155		147,198
4.60%, 04/17/30		140		137,115
4.70%, 01/12/28		100		99,491
4.75%, 01/12/26		60		59,607
4.90%, 01/10/34		115		112,170
4.95%, 01/09/26		150		149,544
5.13%, 07/07/28		100		100,809
5.25%, 07/07/26		100		100,702
5.65%, 11/15/28		85		87,399
Series A, 4.60%, 04/17/25		160		158,910
Cummins Inc.
1.50%, 09/01/30 (Call 06/01/30)		824		665,591
2.60%, 09/01/50 (Call 03/01/50)(b)		290		181,873
4.88%, 10/01/43 (Call 04/01/43)		382		360,465
4.90%, 02/20/29 (Call 01/20/29)		50		49,751
5.15%, 02/20/34 (Call 11/20/33)		30		29,970
5.45%, 02/20/54 (Call 08/20/53)		30		30,157
Ford Motor Co., 7.40%, 11/01/46		340		364,228
Ford Motor Credit Co. LLC, 7.12%, 11/07/33 (Call 08/07/33)		410		437,410
General Motors Co.
5.00%, 04/01/35		95		88,819
5.15%, 04/01/38 (Call 10/01/37)		135		124,974
5.20%, 04/01/45		249		219,784
5.40%, 04/01/48 (Call 10/01/47)		177		158,756
5.95%, 04/01/49 (Call 10/01/48)(b)		235		225,830
6.25%, 10/02/43		135		135,494
6.60%, 04/01/36 (Call 10/01/35)		211		221,203
6.75%, 04/01/46 (Call 10/01/45)		179		189,194
General Motors Financial Co. Inc.
2.35%, 01/08/31 (Call 10/08/30)		15		12,224
2.40%, 10/15/28 (Call 08/15/28)		35		30,751
2.70%, 06/10/31 (Call 03/10/31)		75		61,711
3.10%, 01/12/32 (Call 10/12/31)		150		125,279
3.60%, 06/21/30 (Call 03/21/30)		40		35,873
4.30%, 04/06/29 (Call 02/06/29)		55		52,162
5.85%, 04/06/30 (Call 02/06/30)		25		25,352
6.40%, 01/09/33 (Call 10/09/32)		300		311,537
Honda Motor Co. Ltd., 2.97%, 03/10/32 (Call 12/10/31)		165		144,878
Mercedes-Benz Finance North America LLC,
8.50%, 01/18/31		327		396,777

32 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
Toyota Motor Credit Corp.
2.15%, 02/13/30	$	112	$	96,221
3.05%, 01/11/28		57		53,658
3.20%, 01/11/27		130		124,202
3.38%, 04/01/30		190		174,636
3.65%, 01/08/29		176		166,538
4.45%, 05/18/26		130		128,630
4.55%, 09/20/27		50		49,574
4.55%, 05/17/30		180		176,241
4.63%, 01/12/28		65		64,635
4.70%, 01/12/33		80		78,888
				8,136,446
Auto Parts & Equipment — 0.1%
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)		474		296,771
4.35%, 03/15/29 (Call 12/15/28)		220		212,599
4.40%, 10/01/46 (Call 04/01/46)		74		58,119
5.40%, 03/15/49 (Call 09/15/48)(b)		287		260,227
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)		215		185,393
4.15%, 05/01/52 (Call 11/01/51)		205		156,477
BorgWarner Inc., 4.38%, 03/15/45 (Call 09/15/44)		61		49,650
Lear Corp.
3.50%, 05/30/30 (Call 02/28/30)		259		231,453
3.55%, 01/15/52 (Call 07/15/51)		110		74,568
3.80%, 09/15/27 (Call 06/15/27)		136		130,162
4.25%, 05/15/29 (Call 02/15/29)		132		125,605
5.25%, 05/15/49 (Call 11/15/48)		117		105,065
Magna International Inc.
4.15%, 10/01/25 (Call 07/01/25)		70		68,711
5.50%, 03/21/33 (Call 12/21/32)		50		51,219
				2,006,019
Banks — 5.7%
Australia & New Zealand Banking Group Ltd., 3.70%, 11/16/25		620		606,352
Banco Bilbao Vizcaya Argentaria SA
1.13%, 09/18/25		7,357		6,876,935
5.86%, 09/14/26 (Call 09/14/25), (1-year CMT + 2.300%)(a)		1,020		1,019,672
7.88%, 11/15/34 (Call 11/15/33), (1-year CMT + 3.300%)(a)		200		213,044
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)(a)		300		271,317
2.96%, 03/25/31		200		170,339
3.23%, 11/22/32 (Call 08/22/31), (1-year CMT + 1.600%)(a)		445		367,317
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)(a)		785		751,463
4.38%, 04/12/28		365		350,707
5.18%, 11/19/25		200		197,208
5.59%, 08/08/28		200		201,550
6.92%, 08/08/33		445		462,309
Bank of America Corp.
1.32%, 06/19/26 (Call 06/19/25), (1-day SOFR + 1.150%)(a)		120		113,614
1.73%, 07/22/27 (Call 07/22/26), (1-day SOFR + 0.960%)(a)		255		233,762
1.90%, 07/23/31 (Call 07/23/30), (1-day SOFR + 1.530%)(a)		80		64,902

Security	Par (000)		Value
Banks (continued)
1.92%, 10/24/31 (Call 10/24/30), (1-day SOFR + 1.370%)(a)	$	95	$	76,660
2.09%, 06/14/29 (Call 06/14/28), (1-day SOFR + 1.060%)(a)		70		61,428
2.30%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.220%)(a)		75		60,674
2.48%, 09/21/36 (Call 09/21/31), (5-year CMT + 1.200%)(a)		580		458,100
2.50%, 02/13/31 (Call 02/13/30), (3-mo. SOFR + 1.252%)(a)		283		241,264
2.55%, 02/04/28 (Call 02/04/27), (1-day SOFR + 1.050%)(a)		50		46,241
2.57%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.210%)(a)		30		24,616
2.59%, 04/29/31 (Call 04/29/30), (1-day SOFR + 2.150%)(a)		299		254,876
2.68%, 06/19/41 (Call 06/19/40), (1-day SOFR + 1.930%)(a)		120		83,704
2.69%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.320%)(a)		320		267,834
2.83%, 10/24/51 (Call 10/24/50), (1-day SOFR + 1.880%)(a)		314		201,313
2.88%, 10/22/30 (Call 10/22/29), (3-mo. SOFR + 1.452%)(a)		168		148,048
2.97%, 02/04/33 (Call 02/04/32), (1-day SOFR + 1.330%)(a)		472		396,396
2.97%, 07/21/52 (Call 07/21/51), (1-day SOFR + 1.560%)(a)		557		370,176
3.19%, 07/23/30 (Call 07/23/29), (3-mo. SOFR + 1.442%)(a)		185		166,450
3.25%, 10/21/27 (Call 10/21/26)		270		255,041
3.31%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.580%)(a)		130		98,532
3.38%, 04/02/26 (Call 04/02/25), (1-day SOFR + 1.330%)(a)		30		29,296
3.42%, 12/20/28 (Call 12/20/27), (3-mo. SOFR + 1.302%)(a)		325		303,705
3.50%, 04/19/26		212		205,416
3.56%, 04/23/27 (Call 04/23/26), (3-mo. SOFR + 1.322%)(a)		195		187,540
3.59%, 07/21/28 (Call 07/21/27), (3-mo. SOFR + 1.632%)(a)		305		288,814
3.71%, 04/24/28 (Call 04/24/27), (3-mo. SOFR + 1.774%)(a)		342		325,716
3.82%, 01/20/28 (Call 01/20/27), (3-mo. SOFR + 1.837%)(a)		205		196,947
3.85%, 03/08/37 (Call 03/08/32), (5-year CMT + 2.000%)(a)		250		218,260
3.88%, 08/01/25		105		103,322
3.95%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.452%)(a)		241		193,554
3.97%, 03/05/29 (Call 03/05/28), (3-mo. SOFR + 1.332%)(a)		235		223,543
3.97%, 02/07/30 (Call 02/07/29), (3-mo. SOFR + 1.472%)(a)		266		249,995
4.08%, 04/23/40 (Call 04/23/39), (3-mo. SOFR + 1.582%)(a)		180		154,002
4.08%, 03/20/51 (Call 03/20/50), (3-mo. SOFR + 3.412%)(a)		1,001		808,384
4.24%, 04/24/38 (Call 04/24/37), (3-mo. SOFR + 2.076%)(a)		590		524,094

S C H E D U L E  O F  I N V E S T M E N T S 33

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.25%, 10/22/26	$	187	$	182,877
4.27%, 07/23/29 (Call 07/23/28), (3-mo. SOFR + 1.572%)(a)		305		293,028
4.33%, 03/15/50 (Call 03/15/49), (3-mo. SOFR + 1.782%)(a)		493		415,200
4.38%, 04/27/28 (Call 04/27/27), (1-day SOFR + 1.580%)(a)		75		72,998
4.44%, 01/20/48 (Call 01/20/47), (3-mo. SOFR + 2.252%)(a)		560		481,752
4.45%, 03/03/26		135		132,769
4.57%, 04/27/33 (Call 04/27/32), (1-day SOFR + 1.830%)(a)		740		696,441
4.83%, 07/22/26 (Call 07/22/25), (1-day SOFR + 1.750%)(a)		185		183,416
4.88%, 04/01/44		161		151,975
4.95%, 07/22/28 (Call 07/22/27), (1-day SOFR + 2.040%)(a)		150		148,491
5.00%, 01/21/44		523		500,193
5.02%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.160%)(a)		700		681,929
5.08%, 01/20/27 (Call 01/20/26), (1-day SOFR + 1.290%)(a)		5		4,968
5.20%, 04/25/29 (Call 04/25/28), (1-day SOFR + 1.630%)(a)		590		586,661
5.29%, 04/25/34 (Call 04/25/33), (1-day SOFR + 1.910%)(a)		725		714,546
5.87%, 09/15/34 (Call 09/15/33), (1-day SOFR + 1.840%)(a)		10		10,255
5.88%, 02/07/42		524		557,322
6.11%, 01/29/37		505		529,274
6.20%, 11/10/28 (Call 11/10/27), (1-day SOFR + 1.990%)(a)		120		123,719
6.22%, 09/15/26		35		35,752
7.75%, 05/14/38		600		719,959
Series L, 3.95%, 04/21/25		290		285,207
Series L, 4.18%, 11/25/27 (Call 11/25/26)		195		188,302
Series L, 4.75%, 04/21/45		137		124,484
Series N, 2.65%, 03/11/32 (Call 03/11/31), (1-day SOFR + 1.220%)(a)		110		92,013
Series N, 3.48%, 03/13/52 (Call 03/13/51), (1-day SOFR + 1.650%)(a)		390		285,994
Bank of America NA, 6.00%, 10/15/36		382		398,383
Bank of Montreal
1.25%, 09/15/26		150		136,514
1.85%, 05/01/25		710		682,169
2.65%, 03/08/27		60		55,981
3.80%, 12/15/32 (Call 12/15/27), (5-year USD Swap + 1.432%)(a)		920		846,230
5.20%, 02/01/28 (Call 01/01/28)		150		150,556
5.30%, 06/05/26		100		100,242
5.72%, 09/25/28 (Call 08/25/28)		75		76,897
Series H, 4.70%, 09/14/27 (Call 08/14/27)		240		237,591
Bank of New York Mellon Corp. (The)
1.60%, 04/24/25 (Call 03/24/25)		423		406,361
2.05%, 01/26/27 (Call 12/26/26)		190		175,316
2.45%, 08/17/26 (Call 05/17/26)		333		313,076
2.50%, 01/26/32 (Call 10/26/31)		100		83,432
2.80%, 05/04/26 (Call 02/04/26)		346		330,297
3.00%, 10/30/28 (Call 07/30/28)		249		228,310
3.25%, 05/16/27 (Call 02/16/27)		122		115,879
3.30%, 08/23/29 (Call 05/23/29)		425		389,917

Security	Par (000)		Value
Banks (continued)
3.40%, 01/29/28 (Call 10/29/27)	$	370	$	349,963
3.44%, 02/07/28 (Call 02/07/27), (3-mo. SOFR + 1.331%)(a)		734		701,530
3.85%, 04/28/28		645		622,112
3.85%, 04/26/29 (Call 02/26/29)		205		196,242
3.95%, 11/18/25 (Call 10/18/25)		344		336,603
3.99%, 06/13/28 (Call 06/13/27), (1-day SOFR + 1.151%)(a)		100		96,836
4.54%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.168%)(a)		100		98,165
4.71%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.511%)(a)		100		95,661
4.95%, 04/26/27 (Call 04/26/26), (1-day SOFR + 1.026%)(a)		205		203,931
4.97%, 04/26/34 (Call 04/26/33), (1-day SOFR + 1.606%)(a)		150		146,163
5.80%, 10/25/28 (Call 10/25/27), (1-day SOFR + 1.802%)(a)		40		40,962
5.83%, 10/25/33 (Call 10/25/32), (1-day SOFR + 2.074%)(a)		105		108,887
6.32%, 10/25/29 (Call 10/25/28), (1-day SOFR + 1.598%)(a)		130		136,201
6.47%, 10/25/34 (Call 10/25/33), (1-day SOFR + 1.845%)(a)		225		243,414
Series J, 1.90%, 01/25/29 (Call 11/25/28)		200		175,040
Bank of Nova Scotia (The)
1.05%, 03/02/26		1,380		1,272,498
1.30%, 06/11/25		1,677		1,593,893
1.30%, 09/15/26 (Call 06/15/26)		300		273,049
1.95%, 02/02/27		425		390,063
2.15%, 08/01/31		1,795		1,466,773
2.45%, 02/02/32		195		159,962
2.70%, 08/03/26		1,336		1,261,583
2.95%, 03/11/27		900		847,216
3.45%, 04/11/25		800		783,371
4.50%, 12/16/25		1,456		1,430,934
4.75%, 02/02/26		100		99,237
4.85%, 02/01/30		230		226,871
5.25%, 06/12/28		125		125,623
5.35%, 12/07/26		150		150,593
5.45%, 06/12/25		120		120,084
5.65%, 02/01/34		150		152,365
Barclays PLC
2.28%, 11/24/27 (Call 11/24/26), (1-year CMT + 1.050%)(a)		440		402,129
2.65%, 06/24/31 (Call 06/24/30), (1-year CMT + 1.900%)(a)		105		87,309
2.89%, 11/24/32 (Call 11/24/31), (1-year CMT + 1.300%)(a)		425		346,081
3.56%, 09/23/35 (Call 09/23/30), (5-year CMT + 2.900%)(a)		235		197,188
3.65%, 03/16/25		420		411,237
4.34%, 01/10/28 (Call 01/10/27)		255		244,968
4.38%, 01/12/26		500		489,701
4.84%, 05/09/28 (Call 05/07/27)		435		418,738
4.95%, 01/10/47		440		400,390
4.97%, 05/16/29 (Call 05/16/28), (3-mo. LIBOR US + 1.902%)(a)		235		228,480
5.09%, 06/20/30 (Call 06/20/29), (3-mo. LIBOR US + 3.054%)(a)		390		369,152
5.20%, 05/12/26		330		326,002

34 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.25%, 08/17/45	$	75	$	71,521
5.30%, 08/09/26 (Call 08/09/25), (1-year CMT + 2.300%)(a)		385		382,630
5.50%, 08/09/28 (Call 08/09/27), (1-year CMT + 2.650%)(a)		360		358,017
5.83%, 05/09/27 (Call 05/09/26), (1-day SOFR + 2.210%)(a)		320		320,652
6.22%, 05/09/34 (Call 05/09/33), (1-day SOFR + 2.980%)(a)		245		248,015
7.12%, 06/27/34 (Call 06/27/33), (1-day SOFR + 3.570%)(a)		465		482,194
7.33%, 11/02/26 (Call 11/02/25), (1-year CMT + 3.050%)(a)		200		204,843
7.39%, 11/02/28 (Call 11/02/27), (1-year CMT + 3.300%)(a)		200		211,368
7.44%, 11/02/33 (Call 11/02/32), (1-year CMT + 3.500%)(a)		235		257,143
BPCE SA, 3.38%, 12/02/26		940		901,152
Canadian Imperial Bank of Commerce
3.60%, 04/07/32 (Call 03/07/32)		60		53,563
3.95%, 08/04/25		190		186,287
5.00%, 04/28/28 (Call 03/28/28)		295		293,936
5.14%, 04/28/25		140		139,523
5.62%, 07/17/26		75		75,724
5.93%, 10/02/26		25		25,443
5.99%, 10/03/28 (Call 09/03/28)		90		93,227
6.09%, 10/03/33 (Call 07/03/33)		555		576,328
Citigroup Inc.
2.56%, 05/01/32 (Call 05/01/31), (1-day SOFR + 1.167%)(a)		175		144,054
2.57%, 06/03/31 (Call 06/03/30), (1-day SOFR + 2.107%)(a)		240		203,005
2.67%, 01/29/31 (Call 01/29/30), (1-day SOFR + 1.146%)(a)		302		258,939
2.98%, 11/05/30 (Call 11/05/29), (1-day SOFR + 1.422%)(a)		325		286,707
3.07%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.280%)(a)		180		168,626
3.11%, 04/08/26 (Call 04/08/25), (1-day SOFR + 2.842%)(a)		376		366,030
3.20%, 10/21/26 (Call 07/21/26)		170		161,455
3.30%, 04/27/25		245		239,573
3.40%, 05/01/26		150		144,325
3.52%, 10/27/28 (Call 10/27/27), (3-mo. SOFR + 1.412%)(a)		130		122,112
3.67%, 07/24/28 (Call 07/24/27), (3-mo. SOFR + 1.652%)(a)		175		165,888
3.70%, 01/12/26		332		323,227
3.79%, 03/17/33 (Call 03/17/32), (1-day SOFR + 1.939%)(a)		472		418,210
3.88%, 03/26/25		140		137,321
3.88%, 01/24/39 (Call 01/24/38), (3-mo. SOFR + 1.430%)(a)		490		412,242
3.89%, 01/10/28 (Call 01/10/27), (3-mo. SOFR + 1.825%)(a)		145		139,333
3.98%, 03/20/30 (Call 03/20/29), (3-mo. SOFR + 1.600%)(a)		355		332,855
4.08%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.454%)(a)		141		134,534
4.13%, 07/25/28		246		233,467

Security	Par (000)		Value
Banks (continued)
4.28%, 04/24/48 (Call 04/24/47), (3-mo. SOFR + 2.101%)(a)	$	199	$	168,188
4.30%, 11/20/26		200		194,808
4.40%, 06/10/25		435		428,670
4.41%, 03/31/31 (Call 03/31/30), (1-day SOFR + 3.914%)(a)		280		264,557
4.45%, 09/29/27		447		433,061
4.60%, 03/09/26		135		132,779
4.65%, 07/30/45		369		329,390
4.65%, 07/23/48 (Call 06/23/48)		565		503,570
4.66%, 05/24/28 (Call 05/24/27), (1-day SOFR + 1.887%)(a)		25		24,544
4.75%, 05/18/46		365		319,251
5.17%, 02/13/30 (Call 02/13/29), (1-day SOFR + 1.364%)(a)		90		89,085
5.30%, 05/06/44		251		239,806
5.32%, 03/26/41 (Call 03/26/40), (1-day SOFR + 4.548%)(a)		245		239,694
5.50%, 09/13/25		418		417,007
5.61%, 09/29/26 (Call 09/29/25), (1-day SOFR + 1.546%)(a)		70		70,081
5.83%, 02/13/35 (Call 02/13/34), (1-day SOFR + 2.056%)(a)		450		440,184
5.88%, 02/22/33		226		229,945
5.88%, 01/30/42		280		294,263
6.00%, 10/31/33		122		126,110
6.17%, 05/25/34 (Call 05/25/33), (1-day SOFR + 2.661%)(a)		425		427,917
6.27%, 11/17/33 (Call 11/17/32), (1-day SOFR + 2.338%)(a)		55		57,726
6.63%, 01/15/28		178		188,675
6.63%, 06/15/32		447		476,049
6.68%, 09/13/43		186		203,967
8.13%, 07/15/39		509		644,487
Citizens Bank NA/Providence RI, 3.75%, 02/18/26 (Call 11/18/25)		275		264,258
Citizens Financial Group Inc.
2.50%, 02/06/30 (Call 11/06/29)		85		70,458
2.85%, 07/27/26 (Call 04/27/26)		202		188,751
3.25%, 04/30/30 (Call 01/30/30)		160		138,421
4.30%, 12/03/25 (Call 11/03/25)		175		170,488
5.64%, 05/21/37 (Call 05/21/32), (5-year CMT + 2.750%)(a)		190		173,934
Comerica Bank, 4.00%, 07/27/25		110		106,620
Comerica Inc., 4.00%, 02/01/29 (Call 11/03/28)(b)		254		228,321
Cooperatieve Rabobank UA
3.75%, 07/21/26		305		292,346
4.38%, 08/04/25		235		230,434
5.25%, 05/24/41		196		198,029
5.25%, 08/04/45		142		137,690
5.75%, 12/01/43		227		227,840
Cooperatieve Rabobank UA/NY, 3.38%, 05/21/25		335		328,054
Credit Suisse AG/New York
2.95%, 04/09/25		450		437,054
7.50%, 02/15/28		390		420,071
Deutsche Bank AG, 4.10%, 01/13/26		290		282,719
Deutsche Bank AG/New York
2.13%, 11/24/26 (Call 11/24/25), (1-day SOFR + 1.870%)(a)		205		192,212
2.31%, 11/16/27 (Call 11/16/26), (1-day SOFR + 1.219%)(a)		410		372,408

S C H E D U L E  O F  I N V E S T M E N T S 35

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.55%, 01/07/28 (Call 01/07/27), (1-day SOFR +  1.318%)(a)	$	470	$	428,078
3.04%, 05/28/32 (Call 05/28/31), (1-day SOFR + 1.718%)(a)		265		219,017
3.55%, 09/18/31 (Call 09/18/30), (1-day SOFR + 3.043%)(a)		650		563,063
4.10%, 01/13/26		270		263,566
4.88%, 12/01/32 (Call 12/01/27), (5-year USD ICE Swap + 2.553%)(a)		390		360,669
6.72%, 01/18/29 (Call 01/18/28), (1-day SOFR + 3.180%)(a)		150		154,072
7.08%, 02/10/34 (Call 11/10/32), (1-day SOFR + 3.650%)(a)		200		199,640
7.15%, 07/13/27 (Call 07/13/26), (1-day SOFR + 2.520%)(a)		150		153,957
Discover Bank
2.70%, 02/06/30 (Call 11/06/29)		165		139,904
3.45%, 07/27/26 (Call 04/27/26)		235		222,840
4.25%, 03/13/26		20		19,424
4.65%, 09/13/28 (Call 06/13/28)		415		396,242
Fifth Third Bancorp.
6.36%, 10/27/28 (Call 10/27/27), (1-day SOFR + 2.192%)(a)		15		15,285
8.25%, 03/01/38		201		237,632
First Horizon Bank, 5.75%, 05/01/30 (Call 02/01/30)		90		84,132
Goldman Sachs Capital I, 6.35%, 02/15/34		195		199,973
Goldman Sachs Group Inc. (The)
1.09%, 12/09/26 (Call 12/09/25), (1-day SOFR + 0.789%)(a)		140		129,720
1.54%, 09/10/27 (Call 09/10/26), (1-day SOFR + 0.818%)(a)		45		40,903
1.95%, 10/21/27 (Call 10/21/26), (1-day SOFR + 0.913%)(a)		115		105,308
1.99%, 01/27/32 (Call 01/27/31), (1-day SOFR + 1.090%)(a)		250		200,434
2.38%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.248%)(a)		255		207,502
2.60%, 02/07/30 (Call 11/07/29)		157		136,208
2.62%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.281%)(a)		392		325,811
2.64%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.114%)(a)		210		194,558
2.65%, 10/21/32 (Call 10/21/31), (1-day SOFR + 1.264%)(a)		155		127,826
2.91%, 07/21/42 (Call 07/21/41), (1-day SOFR + 1.472%)(a)		245		173,649
3.10%, 02/24/33 (Call 02/24/32), (1-day SOFR + 1.410%)(a)		550		466,108
3.21%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.513%)(a)		252		187,478
3.44%, 02/24/43 (Call 02/24/42), (1-day SOFR + 1.632%)(a)		50		38,047
3.50%, 04/01/25 (Call 03/01/25)		375		367,252
3.50%, 11/16/26 (Call 11/16/25)		478		458,492
3.69%, 06/05/28 (Call 06/05/27), (3-mo. SOFR + 1.772%)(a)		292		278,530
3.75%, 05/22/25 (Call 02/22/25)		303		297,159
3.75%, 02/25/26 (Call 11/25/25)		265		258,379
3.80%, 03/15/30 (Call 12/15/29)		203		188,748

Security	Par (000)		Value
Banks (continued)
3.81%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.420%)(a)	$	507	$	478,936
3.85%, 01/26/27 (Call 01/26/26)		462		446,392
4.02%, 10/31/38 (Call 10/31/37), (3-mo. SOFR + 1.635%)(a)		690		590,927
4.22%, 05/01/29 (Call 05/01/28), (3-mo. SOFR + 1.563%)(a)		560		536,958
4.25%, 10/21/25		265		260,239
4.41%, 04/23/39 (Call 04/23/38), (3-mo. SOFR + 1.692%)(a)		489		433,075
4.48%, 08/23/28 (Call 08/23/27), (1-day SOFR + 1.725%)(a)		200		195,112
4.75%, 10/21/45 (Call 04/21/45)		546		498,296
4.80%, 07/08/44 (Call 01/08/44)		570		519,089
5.15%, 05/22/45		114		108,943
5.80%, 08/10/26 (Call 08/10/25), (1-day SOFR + 1.075%)(a)		280		281,527
5.95%, 01/15/27		140		142,877
6.13%, 02/15/33		430		461,130
6.25%, 02/01/41		465		501,872
6.45%, 05/01/36(b)		209		223,256
6.56%, 10/24/34 (Call 10/24/33), (1-day SOFR + 1.950%)(a)		20		21,607
6.75%, 10/01/37		951		1,034,214
HSBC Bank USA NA, 7.00%, 01/15/39		410		467,079
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26), (1-day SOFR + 1.290%)(a)		580		530,926
1.65%, 04/18/26 (Call 04/18/25), (1-day SOFR + 1.538%)(a)		525		500,936
2.10%, 06/04/26 (Call 06/04/25), (1-day SOFR + 1.929%)(a)		95		90,856
2.21%, 08/17/29 (Call 08/17/28), (1-day SOFR + 1.285%)(a)		100		86,817
2.25%, 11/22/27 (Call 11/22/26), (1-day SOFR + 1.100%)(a)		750		686,506
2.36%, 08/18/31 (Call 08/18/30), (1-day SOFR + 1.947%)(a)		130		106,687
2.80%, 05/24/32 (Call 05/24/31), (1-day SOFR + 1.187%)(a)		485		400,761
2.85%, 06/04/31 (Call 06/04/30), (1-day SOFR + 2.387%)(a)		130		110,602
2.87%, 11/22/32 (Call 11/22/31), (1-day SOFR + 1.410%)(a)		15		12,344
3.00%, 03/10/26 (Call 03/10/25), (1-day SOFR + 1.430%)(a)		105		102,067
3.90%, 05/25/26		30		29,070
3.97%, 05/22/30 (Call 05/22/29), (3-mo. SOFR + 1.872%)(a)		585		541,954
4.04%, 03/13/28 (Call 03/13/27), (3-mo. SOFR + 1.808%)(a)		585		560,524
4.25%, 08/18/25		360		352,571
4.29%, 09/12/26 (Call 09/12/25), (3-mo. SOFR + 1.609%)(a)		300		294,163
4.30%, 03/08/26		482		471,610
4.38%, 11/23/26		130		126,453
4.58%, 06/19/29 (Call 06/19/28), (3-mo. SOFR + 1.796%)(a)		385		370,362
4.76%, 06/09/28 (Call 06/09/27), (1-day SOFR + 2.110%)(a)		200		195,277
4.95%, 03/31/30		380		372,074

36 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.72%, 03/04/35 (Call 03/04/34), (1-day SOFR + 1.780%)(a)	$	200	$	199,295
5.89%, 08/14/27 (Call 08/14/26), (1-day SOFR + 1.570%)(a)		345		347,125
6.10%, 01/14/42		510		557,277
6.16%, 03/09/29 (Call 03/09/28), (1-day SOFR + 1.970%)(a)		200		204,319
6.25%, 03/09/34 (Call 03/09/33), (1-day SOFR + 2.390%)(a)		370		383,956
6.50%, 05/02/36		545		559,991
6.50%, 09/15/37		650		674,099
6.55%, 06/20/34 (Call 06/20/33), (1-day SOFR + 2.980%)(a)		275		279,898
6.80%, 06/01/38		345		362,197
7.34%, 11/03/26 (Call 11/03/25), (1-day SOFR + 3.030%)(a)		295		303,582
7.39%, 11/03/28 (Call 11/03/27), (1-day SOFR + 3.350%)(a)		215		227,618
7.40%, 11/13/34 (Call 11/13/33), (1-day SOFR + 3.020%)(a)		210		224,996
8.11%, 11/03/33 (Call 11/03/32), (1-day SOFR + 4.250%)(a)		440		495,449
Huntington Bancshares Inc./OH
2.49%, 08/15/36 (Call 08/15/31), (5-year CMT + 1.170%)(a)		230		173,591
2.55%, 02/04/30 (Call 11/04/29)		499		419,999
4.44%, 08/04/28 (Call 08/04/27), (1-day SOFR + 1.970%)(a)		65		62,420
5.02%, 05/17/33 (Call 05/17/32), (1-day SOFR + 2.050%)(a)		162		153,101
Huntington National Bank (The), 4.55%, 05/17/28 (Call 05/17/27), (1-day SOFR + 1.650%)(a)		80		77,120
ING Groep NV
2.73%, 04/01/32 (Call 04/01/31), (1-day SOFR + 1.316%)(a)		425		357,507
3.95%, 03/29/27		850		818,379
4.05%, 04/09/29		155		146,575
4.25%, 03/28/33 (Call 03/28/32), (1-day SOFR + 2.070%)(a)		210		193,073
4.55%, 10/02/28		200		194,972
6.11%, 09/11/34 (Call 09/11/33), (1-day SOFR + 2.090%)(a)		5		5,159
JPMorgan Chase & Co.
1.47%, 09/22/27 (Call 09/22/26), (1-day SOFR + 0.765%)(a)		75		68,149
1.76%, 11/19/31 (Call 11/19/30), (3-mo. SOFR + 1.105%)(a)		25		20,130
1.95%, 02/04/32 (Call 02/04/31), (1-day SOFR + 1.065%)(a)		230		184,961
2.52%, 04/22/31 (Call 04/22/30), (1-day SOFR + 2.040%)(a)		205		175,122
2.55%, 11/08/32 (Call 11/08/31), (1-day SOFR + 1.180%)(a)		245		201,801
2.58%, 04/22/32 (Call 04/22/31), (3-mo. SOFR + 1.250%)(a)		112		93,641
2.74%, 10/15/30 (Call 10/15/29), (3-mo. SOFR + 1.510%)(a)		256		224,585
2.95%, 10/01/26 (Call 07/01/26)		237		225,264
2.96%, 05/13/31 (Call 05/13/30), (3-mo. SOFR + 2.515%)(a)		55		47,749

Security	Par (000)		Value
Banks (continued)
2.96%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.260%)(a)	$	485	$	409,518
3.11%, 04/22/41 (Call 04/22/40), (3-mo. SOFR + 2.460%)(a)		268		201,543
3.11%, 04/22/51 (Call 04/22/50), (1-day SOFR + 2.440%)(a)		568		389,487
3.20%, 06/15/26 (Call 03/15/26)		130		125,051
3.33%, 04/22/52 (Call 04/22/51), (1-day SOFR + 1.580%)(a)		575		407,753
3.51%, 01/23/29 (Call 01/23/28), (3-mo. SOFR + 1.207%)(a)		242		227,969
3.54%, 05/01/28 (Call 05/01/27), (3-mo. SOFR + 1.642%)(a)		180		171,011
3.63%, 12/01/27 (Call 12/01/26)		235		223,331
3.70%, 05/06/30 (Call 05/06/29), (3-mo. SOFR + 1.422%)(a)		545		507,305
3.78%, 02/01/28 (Call 02/01/27), (3-mo. SOFR + 1.599%)(a)		325		312,003
3.88%, 07/24/38 (Call 07/24/37), (3-mo. SOFR + 1.622%)(a)		428		365,717
3.90%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.482%)(a)		391		312,686
3.96%, 01/29/27 (Call 01/29/26), (3-mo. SOFR + 1.507%)(a)		280		273,249
3.96%, 11/15/48 (Call 11/15/47), (3-mo. SOFR + 1.642%)(a)		511		410,455
4.01%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.382%)(a)		222		211,953
4.03%, 07/24/48 (Call 07/24/47), (3-mo. SOFR + 1.722%)(a)		290		235,218
4.13%, 12/15/26		179		174,732
4.20%, 07/23/29 (Call 07/23/28), (3-mo. SOFR + 1.522%)(a)		220		211,346
4.25%, 10/01/27		145		141,830
4.26%, 02/22/48 (Call 02/22/47), (3-mo. SOFR + 1.842%)(a)		479		403,902
4.45%, 12/05/29 (Call 12/05/28), (3-mo. SOFR + 1.592%)(a)		389		376,205
4.49%, 03/24/31 (Call 03/24/30), (3-mo. SOFR + 3.790%)(a)		267		256,369
4.59%, 04/26/33 (Call 04/26/32), (1-day SOFR + 1.800%)(a)		447		424,448
4.85%, 02/01/44		266		249,583
4.91%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.080%)(a)		820		795,555
4.95%, 06/01/45		222		207,052
5.30%, 07/24/29 (Call 07/24/28), (1-day SOFR + 1.450%)(a)		275		275,745
5.34%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.620%)(a)		45		44,772
5.35%, 06/01/34 (Call 06/01/33), (1-day SOFR + 1.845%)(a)		515		512,325
5.40%, 01/06/42		370		374,474
5.50%, 10/15/40		350		357,822
5.60%, 07/15/41		475		489,658
5.63%, 08/16/43		294		301,550
5.72%, 09/14/33 (Call 09/14/32), (1-day SOFR + 2.580%)(a)		425		430,236
6.25%, 10/23/34 (Call 10/23/33), (1-day SOFR + 1.810%)(a)		415		440,519
6.40%, 05/15/38		460		513,452

S C H E D U L E  O F  I N V E S T M E N T S 37

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
7.63%, 10/15/26	$	100	$	106,255
7.75%, 07/15/25		65		67,341
8.00%, 04/29/27		10		10,874
8.75%, 09/01/30		55		64,772
KeyBank NA/Cleveland OH
3.90%, 04/13/29 (Call 03/13/29)		52		46,192
6.95%, 02/01/28		40		40,901
KeyCorp
2.25%, 04/06/27		90		80,280
2.55%, 10/01/29		305		255,195
4.10%, 04/30/28		125		116,998
4.15%, 10/29/25		121		117,312
Kreditanstalt fuer Wiederaufbau
0.00%, 04/18/36(c)		1,013		586,798
0.00%, 06/29/37(c)		750		410,379
0.38%, 07/18/25		1,175		1,104,451
0.63%, 01/22/26		1,980		1,835,230
0.75%, 09/30/30		590		469,896
1.00%, 10/01/26		1,125		1,029,395
1.75%, 09/14/29		1,141		995,829
2.00%, 05/02/25		2,383		2,301,870
2.88%, 04/03/28		2,132		2,008,287
3.00%, 05/20/27		130		124,198
3.75%, 02/15/28		1,665		1,623,151
Landwirtschaftliche Rentenbank, Series 37, 2.50%, 11/15/27		60		55,982
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26), (1-year CMT + 0.850%)(a)		190		174,278
3.57%, 11/07/28 (Call 11/07/27), (3-mo. LIBOR US + 1.205%)(a)		375		349,737
3.75%, 01/11/27		460		441,318
4.34%, 01/09/48		285		223,858
4.38%, 03/22/28		395		381,496
4.45%, 05/08/25		630		621,797
4.55%, 08/16/28		295		286,210
4.58%, 12/10/25		400		391,919
4.65%, 03/24/26		380		372,318
4.98%, 08/11/33 (Call 08/11/32), (1-year CMT + 2.300%)(a)		60		57,019
5.30%, 12/01/45		155		144,469
5.68%, 01/05/35 (Call 01/05/34), (1-year CMT + 1.750%)(a)		20		19,739
5.87%, 03/06/29 (Call 03/06/28), (1-year CMT + 1.700%)(a)		300		302,918
5.99%, 08/07/27 (Call 08/07/26), (1-year CMT + 1.480%)(a)		300		302,078
7.95%, 11/15/33 (Call 08/15/32), (1-year CMT + 3.750%)(a)		405		451,493
Mitsubishi UFJ Financial Group Inc.
1.64%, 10/13/27 (Call 10/13/26), (1-year CMT + 0.670%)(a)		25		22,771
2.31%, 07/20/32 (Call 07/20/31), (1-year CMT + 0.950%)(a)		160		131,057
2.34%, 01/19/28 (Call 01/19/27), (1-year CMT + 0.830%)(a)		25		23,081
2.49%, 10/13/32 (Call 10/13/31), (1-year CMT + 0.970%)(a)		10		8,261
2.76%, 09/13/26		340		320,550
3.20%, 07/18/29		305		277,053
3.29%, 07/25/27		170		160,759

Security	Par (000)		Value
Banks (continued)
3.68%, 02/22/27	$	70	$	67,468
3.74%, 03/07/29		130		122,741
3.75%, 07/18/39		195		166,277
3.78%, 03/02/25		141		138,719
3.85%, 03/01/26		305		297,333
3.96%, 03/02/28		55		52,976
4.05%, 09/11/28		70		67,748
4.15%, 03/07/39		139		125,185
4.29%, 07/26/38		130		119,979
5.13%, 07/20/33 (Call 07/20/32), (1-year CMT + 2.125%)(a)		25		24,707
5.24%, 04/19/29 (Call 04/19/28), (1-year CMT + 1.700%)(a)		200		200,429
5.41%, 04/19/34 (Call 04/19/33), (1-year CMT + 1.970%)(a)		50		50,526
5.42%, 02/22/29 (Call 02/22/28), (1-year CMT + 1.380%)(a)		310		312,206
5.54%, 04/17/26 (Call 04/17/25), (1-year CMT + 1.500%)(a)		200		199,801
Mizuho Financial Group Inc.
1.55%, 07/09/27 (Call 07/09/26), (1-year CMT + 0.750%)(a)		145		132,742
2.17%, 05/22/32 (Call 05/22/31), (1-year CMT + 0.870%)(a)		30		24,200
2.23%, 05/25/26 (Call 05/25/25), (3-mo. SOFR + 1.092%)(a)		140		134,295
2.56%, 09/13/31		330		267,408
2.59%, 05/25/31 (Call 05/25/30), (3-mo. SOFR + 1.332%)(a)		147		125,050
2.65%, 05/22/26 (Call 05/22/25), (1-year CMT + 0.900%)(a)		220		212,355
2.84%, 09/13/26		20		18,844
2.87%, 09/13/30 (Call 09/13/29), (3-mo. SOFR + 1.572%)(a)		75		65,952
3.15%, 07/16/30 (Call 07/16/29), (3-mo. SOFR + 1.392%)(a)		232		208,083
3.17%, 09/11/27		55		51,419
3.66%, 02/28/27		90		86,143
4.02%, 03/05/28		175		168,241
4.25%, 09/11/29 (Call 09/11/28), (3-mo. SOFR + 1.532%)(a)		329		315,261
5.38%, 05/26/30 (Call 05/26/29), (1-year CMT + 1.120%)(a)		200		200,040
5.58%, 05/26/35 (Call 05/26/34), (1-year CMT + 1.300%)(a)		200		200,501
5.67%, 05/27/29 (Call 05/27/28), (1-year CMT + 1.500%)(a)		65		65,870
5.67%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.400%)(a)		230		233,416
5.75%, 05/27/34 (Call 05/27/33), (1-year CMT + 1.800%)(a)		40		40,834
5.75%, 07/06/34 (Call 07/06/33), (1-year CMT + 1.900%)(a)		220		224,141
5.78%, 07/06/29 (Call 07/06/28), (1-year CMT + 1.650%)(a)		270		274,909
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25), (1-day SOFR + 0.720%)(a)		875		807,362
1.51%, 07/20/27 (Call 07/20/26), (1-day SOFR + 0.858%)(a)		110		100,606

38 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
1.59%, 05/04/27 (Call 05/04/26), (1-day SOFR + 0.879%)(a)	$	810	$	746,774
1.79%, 02/13/32 (Call 02/13/31), (1-day SOFR + 1.034%)(a)		320		253,383
1.93%, 04/28/32 (Call 04/28/31), (1-day SOFR + 1.020%)(a)		135		107,163
2.19%, 04/28/26 (Call 04/28/25), (1-day SOFR + 1.990%)(a)		642		617,849
2.24%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.178%)(a)		420		338,614
2.48%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.000%)(a)		105		97,126
2.48%, 09/16/36 (Call 09/16/31), (1-day SOFR + 1.360%)(a)		390		306,478
2.51%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.200%)(a)		255		208,849
2.70%, 01/22/31 (Call 01/22/30), (1-day SOFR + 1.143%)(a)		352		304,712
2.80%, 01/25/52 (Call 01/25/51), (1-day SOFR + 1.430%)(a)		365		234,637
2.94%, 01/21/33 (Call 01/21/32), (1-day SOFR + 1.290%)(a)		235		197,136
3.13%, 07/27/26		240		228,831
3.59%, 07/22/28 (Call 07/22/27)(a)		632		598,093
3.62%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.120%)(a)		359		325,992
3.63%, 01/20/27		295		284,420
3.77%, 01/24/29 (Call 01/24/28), (3-mo. SOFR + 1.402%)(a)		464		438,539
3.88%, 01/27/26		305		297,586
3.95%, 04/23/27		495		476,428
3.97%, 07/22/38 (Call 07/22/37)(a)		850		724,592
4.00%, 07/23/25		281		276,197
4.30%, 01/27/45		690		598,054
4.35%, 09/08/26		365		356,787
4.38%, 01/22/47		552		475,978
4.43%, 01/23/30 (Call 01/23/29), (3-mo. SOFR + 1.890%)(a)		232		222,783
4.46%, 04/22/39 (Call 04/22/38), (3-mo. SOFR + 1.693%)(a)		400		361,109
4.68%, 07/17/26 (Call 07/17/25), (1-day SOFR + 1.669%)(a)		165		163,258
4.89%, 07/20/33 (Call 07/20/32), (1-day SOFR + 2.076%)(a)		45		43,184
5.00%, 11/24/25		281		279,338
5.05%, 01/28/27 (Call 01/28/26), (1-day SOFR + 1.295%)(a)		195		194,307
5.12%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.730%)(a)		105		104,371
5.16%, 04/20/29 (Call 04/20/28), (1-day SOFR + 1.590%)(a)		335		332,665
5.17%, 01/16/30 (Call 01/16/29), (1-day SOFR + 1.450%)(a)		375		372,670
5.25%, 04/21/34 (Call 04/21/33), (1-day SOFR + 1.870%)(a)		280		274,838
5.30%, 04/20/37 (Call 04/20/32), (1-day SOFR + 2.620%)(a)		615		588,124
5.42%, 07/21/34 (Call 07/21/33), (1-day SOFR + 1.880%)(a)		340		338,346
5.45%, 07/20/29 (Call 07/20/28), (1-day SOFR + 1.630%)(a)		80		80,332

Security	Par (000)		Value
Banks (continued)
5.47%, 01/18/35 (Call 01/18/34), (1-day SOFR + 1.730%)(a)	$	75	$	74,924
5.60%, 03/24/51 (Call 03/24/50), (1-day SOFR + 4.840%)(a)		488		504,915
5.94%, 02/07/39 (Call 02/07/34), (5-year CMT + 1.800%)(a)		75		73,875
5.95%, 01/19/38 (Call 01/19/33), (5-year CMT + 2.430%)(a)		370		368,901
6.25%, 08/09/26		465		475,909
6.30%, 10/18/28 (Call 10/18/27), (1-day SOFR + 2.240%)(a)		20		20,673
6.34%, 10/18/33 (Call 10/18/32), (1-day SOFR + 2.560%)(a)		305		323,272
6.38%, 07/24/42		486		539,885
6.41%, 11/01/29 (Call 11/01/28), (1-day SOFR + 1.830%)(a)		60		62,599
6.63%, 11/01/34 (Call 11/01/33), (1-day SOFR + 2.050%)(a)		215		233,308
7.25%, 04/01/32		734		836,451
Morgan Stanley Bank NA
4.75%, 04/21/26 (Call 03/21/26)		300		298,136
5.48%, 07/16/25 (Call 06/16/25)		250		251,000
5.88%, 10/30/26 (Call 09/30/26)		250		254,575
National Australia Bank Ltd./New York
2.50%, 07/12/26		342		322,659
3.38%, 01/14/26		100		97,003
4.90%, 06/13/28		250		249,420
4.94%, 01/12/28		250		249,894
4.97%, 01/12/26		250		249,536
National Bank of Canada, 5.60%, 12/18/28		2,218		2,239,852
NatWest Group PLC
1.64%, 06/14/27 (Call 06/14/26), (1-year CMT + 0.900%)(a)		70		63,983
3.03%, 11/28/35 (Call 08/28/30), (5-year CMT + 2.350%)(a)		575		473,464
3.07%, 05/22/28 (Call 05/22/27), (1-year CMT + 2.550%)(a)		15		13,922
4.45%, 05/08/30 (Call 05/08/29), (3-mo. LIBOR US + 1.871%)(a)		494		467,342
4.80%, 04/05/26		680		671,586
4.89%, 05/18/29 (Call 05/18/28), (3-mo. LIBOR US + 1.754%)(a)		370		360,035
5.08%, 01/27/30 (Call 01/27/29), (3-mo. LIBOR US + 1.905%)(a)		760		743,007
5.58%, 03/01/28 (Call 03/01/27), (1-year CMT + 1.100%)(a)		200		200,156
5.78%, 03/01/35 (Call 03/01/34), (1-year CMT + 1.500%)(a)		200		199,784
5.81%, 09/13/29 (Call 09/13/28), (1-year CMT + 1.950%)(a)		200		202,016
6.02%, 03/02/34 (Call 03/02/33), (1-year CMT + 2.100%)(a)		265		270,186
7.47%, 11/10/26 (Call 11/10/25), (1-year CMT + 2.850%)(a)		300		308,215
Northern Trust Corp.
3.15%, 05/03/29 (Call 02/03/29)		791		732,092
3.38%, 05/08/32 (Call 05/08/27), (3-mo. LIBOR US + 1.131%)(a)		910		844,005
3.65%, 08/03/28 (Call 05/03/28)		404		386,287
3.95%, 10/30/25		600		588,522
6.13%, 11/02/32 (Call 08/02/32)		130		136,545

S C H E D U L E  O F  I N V E S T M E N T S 39

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
PNC Bank NA
2.70%, 10/22/29	$	250	$	215,401
3.10%, 10/25/27 (Call 09/25/27)		470		436,626
3.25%, 01/22/28 (Call 12/23/27)		100		92,861
3.88%, 04/10/25 (Call 03/10/25)		920		902,488
4.05%, 07/26/28		255		241,175
4.20%, 11/01/25 (Call 10/02/25)		40		39,060
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		50		45,374
2.55%, 01/22/30 (Call 10/24/29)		365		313,208
2.60%, 07/23/26 (Call 05/23/26)		361		339,392
3.15%, 05/19/27 (Call 04/19/27)		395		371,768
3.45%, 04/23/29 (Call 01/23/29)		583		538,327
4.63%, 06/06/33 (Call 06/06/32), (1-day SOFR + 1.850%)(a)		30		27,791
4.76%, 01/26/27 (Call 01/26/26), (1-day SOFR + 1.085%)(a)		90		88,920
5.07%, 01/24/34 (Call 01/24/33), (1-day SOFR + 1.933%)(a)		235		225,781
5.30%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.342%)(a)		25		24,969
5.35%, 12/02/28 (Call 12/02/27), (1-day SOFR + 1.620%)(a)		180		179,908
5.58%, 06/12/29 (Call 06/12/28), (1-day SOFR + 1.841%)(a)		251		252,592
5.68%, 01/22/35 (Call 01/22/34), (1-day SOFR + 1.902%)(a)		15		15,035
5.81%, 06/12/26 (Call 06/12/25), (1-day SOFR + 1.322%)(a)		111		111,143
5.94%, 08/18/34 (Call 08/18/33), (1-day SOFR + 1.946%)(a)		165		168,000
6.04%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.140%)(a)		210		215,583
6.62%, 10/20/27 (Call 10/20/26), (1-day SOFR + 1.730%)(a)		75		77,003
6.88%, 10/20/34 (Call 10/20/33), (1-day SOFR + 2.284%)(a)		360		390,229
Regions Bank/Birmingham AL, 6.45%, 06/26/37		238		241,965
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		85		72,392
7.38%, 12/10/37		188		211,382
Royal Bank of Canada
1.40%, 11/02/26		350		318,071
2.05%, 01/21/27		30		27,686
3.38%, 04/14/25		150		146,900
3.63%, 05/04/27		270		258,758
3.88%, 05/04/32		125		113,863
4.24%, 08/03/27		265		258,180
4.65%, 01/27/26		260		257,406
4.88%, 01/12/26		95		94,613
4.88%, 01/19/27		150		149,259
4.90%, 01/12/28		260		259,144
4.95%, 04/25/25		280		279,289
4.95%, 02/01/29		185		183,786
5.00%, 02/01/33		485		476,718
5.00%, 05/02/33		315		310,169
5.15%, 02/01/34(b)		150		147,540
5.20%, 07/20/26		175		175,547
5.20%, 08/01/28		290		291,576
6.00%, 11/01/27		125		128,712

Security	Par (000)		Value
Banks (continued)
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27), (1-day SOFR + 1.249%)(a)	$	295	$	266,789
3.24%, 10/05/26 (Call 08/05/26)		536		502,227
4.40%, 07/13/27 (Call 04/14/27)		1,022		979,446
4.50%, 07/17/25 (Call 04/17/25)		772		756,817
5.81%, 09/09/26 (Call 09/09/25), (1-day SOFR + 2.328%)(a)		225		224,462
6.50%, 03/09/29 (Call 03/09/28), (1-day SOFR + 2.356%)(a)		140		142,176
6.57%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.700%)(a)		67		68,238
Santander U.K. Group Holdings PLC
1.53%, 08/21/26 (Call 08/21/25), (1-year CMT + 1.250%)(a)		80		74,937
1.67%, 06/14/27 (Call 06/14/26), (1-day SOFR + 0.989%)(a)		195		177,264
2.47%, 01/11/28 (Call 01/11/27), (1-day SOFR + 1.220%)(a)		330		300,518
2.90%, 03/15/32 (Call 03/15/31), (1-day SOFR + 1.475%)(a)		105		88,439
3.82%, 11/03/28 (Call 11/03/27), (3-mo. LIBOR US + 1.400%)(a)		295		275,361
6.53%, 01/10/29 (Call 01/10/28), (1-day SOFR + 2.600%)(a)		230		235,920
State Street Corp.
1.68%, 11/18/27 (Call 11/18/26), (1-day SOFR + 0.560%)(a)		105		96,111
2.20%, 02/07/28 (Call 02/07/27), (1-day SOFR + 0.730%)(a)		45		41,397
2.40%, 01/24/30		560		489,459
2.62%, 02/07/33 (Call 02/07/32), (1-day SOFR + 1.002%)(a)		50		41,501
2.65%, 05/19/26		453		430,785
3.03%, 11/01/34 (Call 11/01/29), (1-day SOFR + 1.490%)(a)		993		875,923
3.55%, 08/18/25		1,383		1,354,905
4.14%, 12/03/29 (Call 12/03/28), (3-mo. SOFR + 1.292%)(a)		247		236,714
4.16%, 08/04/33 (Call 08/04/32), (1-day SOFR + 1.726%)(a)		25		23,086
4.82%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.567%)(a)		55		53,019
5.10%, 05/18/26 (Call 05/18/25), (1-day SOFR + 1.130%)(a)		160		159,408
5.16%, 05/18/34 (Call 05/18/33), (1-day SOFR + 1.890%)(a)(b)		110		108,581
5.27%, 08/03/26 (Call 07/03/26)		200		200,653
5.68%, 11/21/29 (Call 11/21/28), (1-day SOFR + 1.484%)(a)		60		61,343
5.75%, 11/04/26 (Call 11/04/25), (1-day SOFR + 1.353%)(a)		55		55,239
5.82%, 11/04/28 (Call 11/04/27), (1-day SOFR + 1.715%)(a)		50		51,151
6.12%, 11/21/34 (Call 11/21/33), (1-day SOFR + 1.958%)(a)		25		25,847
Sumitomo Mitsui Financial Group Inc.
1.40%, 09/17/26		90		81,987
1.90%, 09/17/28		255		221,857
2.13%, 07/08/30		200		166,247
2.14%, 09/23/30		20		16,426

40 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.47%, 01/14/29	$	15	$	13,343
2.63%, 07/14/26		260		245,449
2.72%, 09/27/29		100		88,057
2.75%, 01/15/30		135		118,031
3.01%, 10/19/26		285		269,817
3.04%, 07/16/29		360		323,607
3.20%, 09/17/29		172		154,664
3.35%, 10/18/27		252		237,685
3.36%, 07/12/27		253		239,774
3.45%, 01/11/27		242		231,762
3.54%, 01/17/28		150		142,072
3.78%, 03/09/26		235		228,580
3.94%, 07/19/28		165		157,917
4.31%, 10/16/28		173		169,258
5.52%, 01/13/28		135		137,131
5.77%, 01/13/33		75		77,379
5.78%, 07/13/33		200		206,824
5.80%, 07/13/28		200		205,418
5.81%, 09/14/33		30		31,075
5.85%, 07/13/30		200		205,934
5.88%, 07/13/26		200		202,943
Synchrony Bank
5.40%, 08/22/25 (Call 07/22/25)		60		59,301
5.63%, 08/23/27 (Call 07/23/27)		435		423,250
Toronto-Dominion Bank (The)
1.95%, 01/12/27		195		179,478
2.45%, 01/12/32		170		140,529
2.80%, 03/10/27		95		89,095
3.63%, 09/15/31 (Call 09/15/26), (5-year USD Swap + 2.205%)(a)		1,041		993,478
4.46%, 06/08/32		400		381,273
4.69%, 09/15/27		75		74,144
5.16%, 01/10/28		115		115,344
5.26%, 12/11/26		85		85,518
5.52%, 07/17/28		315		320,040
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)		25		24,022
2.25%, 03/11/30 (Call 12/11/29)		385		316,225
3.30%, 05/15/26 (Call 04/15/26)		210		199,997
3.63%, 09/16/25 (Call 08/16/25)		40		38,806
4.05%, 11/03/25 (Call 09/03/25)		90		88,074
Truist Financial Corp.
1.27%, 03/02/27 (Call 03/02/26), (1-day SOFR + 0.609%)(a)		60		55,074
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)(a)		30		25,765
3.70%, 06/05/25 (Call 05/05/25)		100		97,799
3.88%, 03/19/29 (Call 02/16/29)		70		64,463
4.00%, 05/01/25 (Call 03/01/25)		133		130,593
4.12%, 06/06/28 (Call 06/06/27), (1-day SOFR + 1.368%)(a)		65		62,452
4.26%, 07/28/26 (Call 07/28/25), (1-day SOFR + 1.456%)(a)		50		48,977
4.87%, 01/26/29 (Call 01/26/28), (1-day SOFR + 1.435%)(a)		145		141,117
4.92%, 07/28/33 (Call 07/28/32), (1-day SOFR + 2.240%)(a)		315		289,463
5.12%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.852%)(a)		75		71,120
5.87%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.361%)(a)		80		79,989

Security	Par (000)		Value
Banks (continued)
6.05%, 06/08/27 (Call 06/08/26), (1-day SOFR + 2.050%)(a)	$	125	$	126,212
U.S. Bancorp.
2.49%, 11/03/36 (Call 11/03/31), (5-year CMT + 0.950%)(a)		310		239,614
2.68%, 01/27/33 (Call 01/27/32), (1-day SOFR + 1.020%)(a)		10		8,162
4.84%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.600%)(a)		80		75,296
4.97%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.110%)(a)		120		112,289
5.78%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.020%)(a)		35		35,358
5.84%, 06/12/34 (Call 06/10/33), (1-day SOFR + 2.260%)(a)		108		108,837
5.85%, 10/21/33 (Call 10/21/32), (1-day SOFR + 2.090%)(a)		195		196,903
UBS AG/London, 5.65%, 09/11/28		845		861,843
UBS Group AG
3.75%, 03/26/25		990		969,495
4.55%, 04/17/26		435		427,254
4.88%, 05/15/45		250		230,512
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)		179		162,626
Wells Fargo & Co.
3.07%, 04/30/41 (Call 04/30/40), (1-day SOFR + 2.530%)(a)		205		151,509
3.35%, 03/02/33 (Call 03/02/32), (1-day SOFR + 1.500%)(a)		105		90,091
3.90%, 05/01/45		145		116,099
4.40%, 06/14/46		175		143,590
4.61%, 04/25/53 (Call 04/25/52), (1-day SOFR + 2.130%)(a)		760		663,122
4.65%, 11/04/44		40		34,427
4.75%, 12/07/46		185		159,892
4.90%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.100%)(a)		340		325,277
4.90%, 11/17/45		540		479,177
5.01%, 04/04/51 (Call 04/04/50), (3-mo. SOFR + 4.502%)(a)		1,035		957,382
5.38%, 11/02/43		150		143,132
5.39%, 04/24/34 (Call 04/24/33), (1-day SOFR + 2.020%)(a)		420		413,178
5.56%, 07/25/34 (Call 07/25/33), (1-day SOFR + 1.990%)(a)		165		164,371
5.61%, 01/15/44		590		573,685
5.95%, 12/01/86 (Call 12/15/36)		695		707,865
6.49%, 10/23/34 (Call 10/23/33), (1-day SOFR + 2.060%)(a)		200		212,711
Westpac Banking Corp.
2.67%, 11/15/35 (Call 11/15/30), (5-year CMT + 1.750%)(a)		170		138,518
2.70%, 08/19/26		305		289,225
2.85%, 05/13/26		5		4,778
3.02%, 11/18/36 (Call 11/18/31), (5-year CMT + 1.530%)(a)		320		260,504
3.35%, 03/08/27		258		246,740
3.40%, 01/25/28		312		295,445
4.11%, 07/24/34 (Call 07/24/29), (5-year CMT + 2.000%)(a)		354		323,359

S C H E D U L E  O F  I N V E S T M E N T S 41

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.32%, 11/23/31 (Call 11/23/26), (5-year USD ICE Swap + 2.236%)(a)	$	439	$	421,535
5.41%, 08/10/33 (Call 08/10/32), (1-year CMT + 2.680%)(a)		75		73,407
Wintrust Financial Corp., 4.85%, 06/06/29		55		49,608
				200,900,284
Beverages — 1.0%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc.
3.65%, 02/01/26 (Call 11/01/25)		285		277,869
4.70%, 02/01/36 (Call 08/01/35)		787		753,193
4.90%, 02/01/46 (Call 08/01/45)		1,180		1,101,448
Anheuser-Busch InBev Finance Inc.
4.63%, 02/01/44		195		175,956
4.70%, 02/01/36 (Call 08/01/35)		681		649,256
4.90%, 02/01/46 (Call 08/01/45)		328		303,086
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)		455		420,466
4.00%, 04/13/28 (Call 01/13/28)		624		604,909
4.35%, 06/01/40 (Call 12/01/39)		200		178,856
4.38%, 04/15/38 (Call 10/15/37)		329		300,915
4.44%, 10/06/48 (Call 04/06/48)		435		380,752
4.60%, 04/15/48 (Call 10/15/47)		105		94,318
4.75%, 01/23/29 (Call 10/23/28)		677		672,421
4.75%, 04/15/58 (Call 10/15/57)		55		49,480
4.90%, 01/23/31 (Call 10/23/30)		363		364,885
4.95%, 01/15/42		422		402,515
5.45%, 01/23/39 (Call 07/23/38)		403		410,116
5.55%, 01/23/49 (Call 07/23/48)		638		653,392
5.80%, 01/23/59 (Call 07/23/58)		278		293,585
5.88%, 06/15/35		80		85,161
8.00%, 11/15/39		69		86,460
8.20%, 01/15/39		305		392,230
Brown-Forman Corp.
3.50%, 04/15/25 (Call 02/15/25)		257		251,774
4.00%, 04/15/38 (Call 10/15/37)		58		50,902
4.50%, 07/15/45 (Call 01/15/45)		159		141,097
Coca-Cola Co. (The)
1.00%, 03/15/28		205		178,588
1.38%, 03/15/31		535		428,270
1.65%, 06/01/30		521		435,133
2.00%, 03/05/31		220		184,028
2.13%, 09/06/29		640		563,103
2.25%, 01/05/32		130		109,460
2.50%, 06/01/40		367		262,146
2.50%, 03/15/51		180		112,427
2.60%, 06/01/50		403		259,328
2.75%, 06/01/60		124		78,584
2.90%, 05/25/27		215		203,973
3.00%, 03/05/51		340		237,852
3.38%, 03/25/27		655		631,016
3.45%, 03/25/30		662		617,505
4.20%, 03/25/50		305		269,384
Coca-Cola Femsa SAB de CV, 5.25%, 11/26/43		245		237,832
Constellation Brands Inc.
3.75%, 05/01/50 (Call 11/01/49)		76		56,857
4.10%, 02/15/48 (Call 08/15/47)		60		48,029
4.50%, 05/09/47 (Call 11/09/46)		92		77,499
4.90%, 05/01/33 (Call 02/01/33)		60		58,245
5.25%, 11/15/48 (Call 05/15/48)		121		113,957

Security	Par (000)		Value
Beverages (continued)
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)	$	805	$	759,204
2.00%, 04/29/30 (Call 01/29/30)		1,910		1,609,597
2.13%, 04/29/32 (Call 01/29/32)		1,570		1,268,589
2.38%, 10/24/29 (Call 07/24/29)		2,230		1,957,879
3.88%, 05/18/28 (Call 02/18/28)		640		617,707
5.20%, 10/24/25		960		960,383
5.30%, 10/24/27 (Call 09/24/27)		1,000		1,011,631
5.38%, 10/05/26 (Call 09/05/26)		200		201,563
5.63%, 10/05/33 (Call 07/05/33)		200		207,614
Diageo Investment Corp.
4.25%, 05/11/42		145		128,625
7.45%, 04/15/35		324		383,135
Keurig Dr Pepper Inc.
2.55%, 09/15/26 (Call 06/15/26)		248		232,573
3.20%, 05/01/30 (Call 02/01/30)		219		197,486
3.40%, 11/15/25 (Call 08/15/25)		320		309,926
3.43%, 06/15/27 (Call 03/15/27)		248		236,054
3.80%, 05/01/50 (Call 11/01/49)		212		161,231
3.95%, 04/15/29 (Call 02/15/29)		50		47,599
4.05%, 04/15/32 (Call 01/15/32)		230		213,335
4.42%, 05/25/25 (Call 03/25/25)		286		282,874
4.42%, 12/15/46 (Call 06/15/46)		290		244,747
4.50%, 11/15/45 (Call 05/15/45)		34		29,313
4.50%, 04/15/52 (Call 10/15/51)		270		229,134
4.60%, 05/25/28 (Call 02/25/28)		190		187,161
Molson Coors Beverage Co.
3.00%, 07/15/26 (Call 04/15/26)		1,455		1,385,772
4.20%, 07/15/46 (Call 01/15/46)		335		272,925
5.00%, 05/01/42		312		289,923
PepsiCo Inc.
1.95%, 10/21/31 (Call 07/21/31)		50		40,929
2.25%, 03/19/25 (Call 02/19/25)		970		942,032
2.38%, 10/06/26 (Call 07/06/26)		704		663,262
2.63%, 03/19/27 (Call 01/19/27)		641		602,714
2.63%, 07/29/29 (Call 04/29/29)		680		612,590
2.63%, 10/21/41 (Call 04/21/41)		25		17,915
2.75%, 04/30/25 (Call 01/30/25)		917		893,084
2.75%, 03/19/30 (Call 12/19/29)		454		405,002
2.85%, 02/24/26 (Call 11/24/25)		548		527,012
2.88%, 10/15/49 (Call 04/15/49)		140		96,316
3.00%, 10/15/27 (Call 07/15/27)		699		658,941
3.38%, 07/29/49 (Call 01/29/49)		95		71,461
3.45%, 10/06/46 (Call 04/06/46)		449		347,607
3.50%, 07/17/25 (Call 04/17/25)		265		259,582
3.50%, 03/19/40 (Call 09/19/39)		65		53,367
3.60%, 02/18/28 (Call 01/18/28)		75		72,111
3.60%, 08/13/42		75		60,201
3.63%, 03/19/50 (Call 09/19/49)		241		189,845
3.88%, 03/19/60 (Call 09/19/59)		45		35,933
3.90%, 07/18/32 (Call 04/18/32)		70		65,705
4.00%, 03/05/42		170		150,432
4.00%, 05/02/47 (Call 11/02/46)		165		139,165
4.20%, 07/18/52 (Call 01/18/52)		25		21,650
4.45%, 05/15/28 (Call 04/15/28)		105		104,789
4.45%, 02/15/33 (Call 11/15/32)(b)		100		98,882
4.45%, 04/14/46 (Call 10/14/45)		245		221,595
4.55%, 02/13/26 (Call 01/13/26)		100		99,414
4.65%, 02/15/53 (Call 08/15/52)		100		92,935
4.88%, 11/01/40		150		148,480
5.13%, 11/10/26 (Call 10/10/26)		175		176,143

42 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
5.25%, 11/10/25	$	175	$	175,739
7.00%, 03/01/29		325		358,221
				36,087,292
Biotechnology — 0.5%
Amgen Inc.
2.20%, 02/21/27 (Call 12/21/26)		404		372,248
2.30%, 02/25/31 (Call 11/25/30)		310		259,423
2.45%, 02/21/30 (Call 11/21/29)		606		526,799
2.60%, 08/19/26 (Call 05/19/26)		332		313,358
2.77%, 09/01/53 (Call 03/01/53)		180		109,661
3.00%, 01/15/52 (Call 07/15/51)(b)		335		223,919
3.13%, 05/01/25 (Call 02/01/25)		296		288,619
3.15%, 02/21/40 (Call 08/21/39)		305		228,777
3.20%, 11/02/27 (Call 08/02/27)		437		410,718
3.38%, 02/21/50 (Call 08/21/49)		285		203,293
4.05%, 08/18/29 (Call 06/18/29)		300		286,782
4.20%, 03/01/33 (Call 12/01/32)		315		291,648
4.20%, 02/22/52 (Call 08/22/51)		85		68,849
4.40%, 05/01/45 (Call 11/01/44)		375		320,080
4.40%, 02/22/62 (Call 08/22/61)		130		104,453
4.56%, 06/15/48 (Call 12/15/47)		309		267,559
4.66%, 06/15/51 (Call 12/15/50)		328		284,492
4.88%, 03/01/53 (Call 09/01/52)		200		179,452
4.95%, 10/01/41		145		135,111
5.15%, 03/02/28 (Call 02/02/28)		610		611,208
5.15%, 11/15/41 (Call 05/15/41)		197		187,551
5.25%, 03/02/25		640		638,787
5.25%, 03/02/30 (Call 01/02/30)		640		644,783
5.25%, 03/02/33 (Call 12/02/32)(b)		855		852,459
5.65%, 06/15/42 (Call 12/15/41)		135		136,035
5.65%, 03/02/53 (Call 09/02/52)		660		660,335
5.75%, 03/02/63 (Call 09/02/62)		435		435,177
6.38%, 06/01/37		75		80,511
6.40%, 02/01/39		155		167,646
Baxalta Inc., 5.25%, 06/23/45 (Call 12/23/44)		250		240,727
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		495		414,217
3.15%, 05/01/50 (Call 11/01/49)		437		288,560
3.25%, 02/15/51 (Call 08/15/50)		145		98,899
4.05%, 09/15/25 (Call 06/15/25)		922		903,851
5.20%, 09/15/45 (Call 03/15/45)		342		321,856
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		240		211,119
1.65%, 10/01/30 (Call 07/01/30)		550		448,670
2.80%, 10/01/50 (Call 04/01/50)		321		206,634
2.95%, 03/01/27 (Call 12/01/26)		788		744,256
3.65%, 03/01/26 (Call 12/01/25)		850		825,533
4.00%, 09/01/36 (Call 03/01/36)		244		215,877
4.15%, 03/01/47 (Call 09/01/46)		510		420,825
4.50%, 02/01/45 (Call 08/01/44)		350		307,755
4.60%, 09/01/35 (Call 03/01/35)		455		430,788
4.75%, 03/01/46 (Call 09/01/45)		401		363,661
4.80%, 04/01/44 (Call 10/01/43)		513		471,055
5.25%, 10/15/33 (Call 07/15/33)		125		126,448
5.55%, 10/15/53 (Call 04/15/53)		100		101,996
5.65%, 12/01/41 (Call 06/01/41)		285		290,015
Illumina Inc., 2.55%, 03/23/31 (Call 12/23/30)		165		135,371
Regeneron Pharmaceuticals Inc., 2.80%, 09/15/50 (Call 03/15/50)		169		105,291
				16,963,137

Security	Par (000)		Value
Building Materials — 0.4%
Carrier Global Corp.
2.70%, 02/15/31 (Call 11/15/30)	$	405	$	345,235
2.72%, 02/15/30 (Call 11/15/29)		535		468,203
3.38%, 04/05/40 (Call 10/05/39)		310		239,148
3.58%, 04/05/50 (Call 10/05/49)		330		243,176
5.80%, 11/30/25		325		327,334
5.90%, 03/15/34 (Call 12/15/33)		75		78,302
6.20%, 03/15/54 (Call 09/15/53)		75		81,766
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)		392		354,141
4.00%, 06/15/25 (Call 03/15/25)		1,082		1,061,696
4.00%, 03/25/32 (Call 12/25/31)		695		630,333
4.50%, 03/25/52 (Call 09/25/51)		140		113,737
5.88%, 06/01/33 (Call 03/01/33)		102		103,606
Johnson Controls International PLC
3.90%, 02/14/26 (Call 11/14/25)		1,680		1,637,193
4.50%, 02/15/47 (Call 08/15/46)		87		74,724
4.63%, 07/02/44 (Call 01/02/44)		150		131,003
4.95%, 07/02/64 (Call 01/02/64)(d)		50		44,431
5.13%, 09/14/45 (Call 03/14/45)		158		147,023
6.00%, 01/15/36		410		430,732
Johnson Controls International PLC/Tyco Fire & Security Finance SCA
1.75%, 09/15/30 (Call 06/15/30)		940		766,718
2.00%, 09/16/31 (Call 06/16/31)		480		385,548
Lafarge SA, 7.13%, 07/15/36		168		186,144
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)		735		692,911
1.70%, 08/01/27 (Call 06/01/27)		385		345,069
5.50%, 09/15/28 (Call 08/15/28)		200		201,861
Martin Marietta Materials Inc.
3.20%, 07/15/51 (Call 01/15/51)		140		96,904
4.25%, 12/15/47 (Call 06/15/47)		107		88,920
Masco Corp.
3.50%, 11/15/27 (Call 08/15/27)		111		104,337
4.50%, 05/15/47 (Call 11/15/46)		195		162,842
Mohawk Industries Inc., 3.63%, 05/15/30 (Call 02/15/30)		50		45,497
Owens Corning
3.40%, 08/15/26 (Call 05/15/26)		788		752,018
3.95%, 08/15/29 (Call 05/15/29)		151		142,443
4.30%, 07/15/47 (Call 01/15/47)		290		237,636
4.40%, 01/30/48 (Call 07/30/47)		75		61,680
7.00%, 12/01/36		106		117,739
Trane Technologies Financing Ltd.
3.50%, 03/21/26 (Call 01/21/26)		727		702,534
3.80%, 03/21/29 (Call 12/21/28)		605		571,903
4.50%, 03/21/49 (Call 09/21/48)		150		132,779
4.65%, 11/01/44 (Call 05/01/44)		177		158,842
5.25%, 03/03/33 (Call 12/03/32)		1,065		1,075,263
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)		1,095		1,044,184
4.30%, 02/21/48 (Call 08/21/47)		80		68,812
5.75%, 06/15/43		194		200,494
Vulcan Materials Co.
4.50%, 06/15/47 (Call 12/15/46)		119		102,918
4.70%, 03/01/48 (Call 09/01/47)		60		53,731
				15,011,510
Chemicals — 0.7%
Albemarle Corp., 5.45%, 12/01/44 (Call 06/01/44)		230		209,264

S C H E D U L E  O F  I N V E S T M E N T S 43

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
Celanese U.S. Holdings LLC
6.17%, 07/15/27 (Call 06/15/27)	$	245	$	248,755
6.33%, 07/15/29 (Call 05/15/29)		40		41,105
6.38%, 07/15/32 (Call 04/15/32)		165		169,410
6.55%, 11/15/30 (Call 09/15/30)		75		77,831
6.70%, 11/15/33 (Call 08/15/33)		55		57,742
CF Industries Inc., 5.38%, 03/15/44		185		172,272
Dow Chemical Co. (The)
3.60%, 11/15/50 (Call 05/15/50)		110		80,021
4.25%, 10/01/34 (Call 04/01/34)		149		137,077
4.38%, 11/15/42 (Call 05/15/42)		137		115,648
4.63%, 10/01/44 (Call 04/01/44)		167		144,795
4.80%, 11/30/28 (Call 08/30/28)		185		183,579
4.80%, 05/15/49 (Call 11/15/48)		224		194,472
5.15%, 02/15/34 (Call 11/15/33)(b)		100		98,489
5.25%, 11/15/41 (Call 05/15/41)		359		336,209
5.55%, 11/30/48 (Call 05/30/48)		110		106,953
5.60%, 02/15/54 (Call 08/15/53)		100		98,035
6.30%, 03/15/33 (Call 12/15/32)(b)		60		64,256
6.90%, 05/15/53 (Call 11/15/52)		45		51,434
7.38%, 11/01/29		305		338,114
9.40%, 05/15/39		135		180,045
DuPont de Nemours Inc.
4.49%, 11/15/25 (Call 09/15/25)		425		420,055
4.73%, 11/15/28 (Call 08/15/28)		769		764,951
5.32%, 11/15/38 (Call 05/15/38)		569		562,870
5.42%, 11/15/48 (Call 05/15/48)		350		343,601
Eastman Chemical Co.
4.65%, 10/15/44 (Call 04/15/44)		192		162,277
4.80%, 09/01/42 (Call 03/01/42)		133		116,606
Ecolab Inc.
1.30%, 01/30/31 (Call 10/30/30)		320		253,185
2.13%, 02/01/32 (Call 11/01/31)		120		98,296
2.70%, 11/01/26 (Call 08/01/26)		9,535		9,037,648
2.70%, 12/15/51 (Call 06/15/51)		190		120,010
2.75%, 08/18/55 (Call 02/18/55)		180		111,881
3.25%, 12/01/27 (Call 09/01/27)		846		801,102
3.95%, 12/01/47 (Call 06/01/47)		235		195,167
4.80%, 03/24/30 (Call 12/24/29)		931		929,340
5.25%, 01/15/28 (Call 12/15/27)		370		375,351
5.50%, 12/08/41		40		40,682
FMC Corp.
4.50%, 10/01/49 (Call 04/01/49)		57		42,366
5.65%, 05/18/33 (Call 02/18/33)(b)		95		91,974
6.38%, 05/18/53 (Call 11/18/52)(b)		100		97,608
International Flavors & Fragrances Inc.
4.38%, 06/01/47 (Call 12/01/46)		40		29,891
4.45%, 09/26/28 (Call 06/26/28)		555		536,143
5.00%, 09/26/48 (Call 03/26/48)		86		72,113
LYB International Finance BV
4.88%, 03/15/44 (Call 09/15/43)		270		236,798
5.25%, 07/15/43		98		89,889
LYB International Finance II BV, 3.50%, 03/02/27 (Call 12/02/26)		720		685,545
LYB International Finance III LLC
3.63%, 04/01/51 (Call 10/01/50)		200		138,926
3.80%, 10/01/60 (Call 04/01/60)		425		287,495
4.20%, 10/15/49 (Call 04/15/49)		172		132,754
4.20%, 05/01/50 (Call 11/01/49)		339		261,920
5.50%, 03/01/34 (Call 12/01/33)		200		198,481
5.63%, 05/15/33 (Call 02/15/33)		120		121,596

Security	Par (000)		Value
Chemicals (continued)
LyondellBasell Industries NV, 4.63%, 02/26/55 (Call 08/26/54)	$	190	$	156,032
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)		10		9,609
4.88%, 11/15/41 (Call 05/15/41)		5		4,364
5.45%, 11/15/33 (Call 05/15/33)		65		64,230
5.63%, 11/15/43 (Call 05/15/43)		125		119,779
Nutrien Ltd.
4.13%, 03/15/35 (Call 09/15/34)		227		204,430
4.90%, 03/27/28 (Call 02/27/28)		160		158,687
4.90%, 06/01/43 (Call 12/01/42)		120		108,422
5.00%, 04/01/49 (Call 10/01/48)		58		52,340
5.25%, 01/15/45 (Call 07/15/44)		103		95,839
5.63%, 12/01/40		158		154,541
5.80%, 03/27/53 (Call 09/27/52)		175		175,177
5.88%, 12/01/36		200		204,672
5.95%, 11/07/25		100		100,841
6.13%, 01/15/41 (Call 07/15/40)		55		56,439
PPG Industries Inc.
2.80%, 08/15/29 (Call 05/15/29)		179		160,443
3.75%, 03/15/28 (Call 12/15/27)		525		502,781
Rohm & Haas Co., 7.85%, 07/15/29		148		164,325
RPM International Inc.
4.25%, 01/15/48 (Call 07/15/47)(b)		60		48,231
5.25%, 06/01/45 (Call 12/01/44)		40		36,705
Sherwin-Williams Co. (The)
2.20%, 03/15/32 (Call 12/15/31)		120		97,096
3.30%, 05/15/50 (Call 11/15/49)		60		41,988
3.80%, 08/15/49 (Call 02/15/49)		140		108,002
4.00%, 12/15/42 (Call 06/15/42)		48		39,176
4.50%, 06/01/47 (Call 12/01/46)		329		283,990
4.55%, 08/01/45 (Call 02/01/45)		70		60,259
Westlake Corp., 3.38%, 08/15/61 (Call 02/15/61)		120		74,310
				23,744,735
Commercial Services — 0.5%
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)		4,646		3,763,144
1.70%, 05/15/28 (Call 03/15/28)		4,435		3,948,429
3.38%, 09/15/25 (Call 06/15/25)		1,178		1,150,871
Block Financial LLC
3.88%, 08/15/30 (Call 05/15/30)		482		434,556
5.25%, 10/01/25 (Call 07/01/25)		83		82,378
Global Payments Inc.
4.15%, 08/15/49 (Call 02/15/49)		122		93,039
5.95%, 08/15/52 (Call 02/15/52)		85		83,543
GXO Logistics Inc.
1.65%, 07/15/26 (Call 06/15/26)		1,050		962,796
2.65%, 07/15/31 (Call 04/15/31)		834		677,395
Moody’s Corp.
3.10%, 11/29/61 (Call 05/29/61)		135		86,360
3.25%, 01/15/28 (Call 10/15/27)		355		334,008
3.25%, 05/20/50 (Call 11/20/49)		84		59,540
3.75%, 03/24/25 (Call 02/24/25)		460		452,287
3.75%, 02/25/52 (Call 08/25/51)		45		34,824
4.25%, 02/01/29 (Call 11/01/28)		383		370,988
4.25%, 08/08/32 (Call 05/08/32)		240		226,703
4.88%, 12/17/48 (Call 06/17/48)		164		151,299
5.25%, 07/15/44		145		141,845
PayPal Holdings Inc.
2.65%, 10/01/26 (Call 08/01/26)		90		84,865
2.85%, 10/01/29 (Call 07/01/29)		10		8,917

44 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
3.25%, 06/01/50 (Call 12/01/49)	$	316	$	219,826
5.05%, 06/01/52 (Call 12/01/51)		70		65,683
5.25%, 06/01/62 (Call 12/01/61)		30		27,926
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)		305		244,142
2.90%, 10/01/30 (Call 07/01/30)		500		433,500
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		1,585		1,415,048
4.00%, 03/18/29 (Call 12/18/28)		2,423		2,314,107
4.75%, 05/20/32 (Call 02/20/32)		75		73,652
S&P Global Inc.
2.30%, 08/15/60 (Call 02/15/60)		170		91,852
2.50%, 12/01/29 (Call 09/01/29)		30		26,434
2.95%, 01/22/27 (Call 10/22/26)		85		80,542
3.25%, 12/01/49 (Call 06/01/49)		293		208,741
3.90%, 03/01/62 (Call 09/01/61)		50		38,913
Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 (Call 12/15/31)		655		521,261
Verisk Analytics Inc.
4.13%, 03/15/29 (Call 12/15/28)		5		4,798
5.50%, 06/15/45 (Call 12/15/44)		26		24,802
				18,939,014
Computers — 0.5%
Apple Inc.
2.55%, 08/20/60 (Call 02/20/60)(b)		133		82,163
2.65%, 05/11/50 (Call 11/11/49)		333		216,417
2.65%, 02/08/51 (Call 08/08/50)		115		74,114
2.70%, 08/05/51 (Call 02/05/51)		70		45,460
2.80%, 02/08/61 (Call 08/08/60)		175		111,262
2.85%, 08/05/61 (Call 02/05/61)		125		79,365
2.95%, 09/11/49 (Call 03/11/49)		164		114,375
3.45%, 02/09/45		322		255,763
3.75%, 09/12/47 (Call 03/12/47)		140		113,714
3.75%, 11/13/47 (Call 05/13/47)		196		159,410
3.85%, 05/04/43		462		395,214
3.85%, 08/04/46 (Call 02/04/46)		255		212,917
3.95%, 08/08/52 (Call 02/08/52)		90		74,690
4.10%, 08/08/62 (Call 02/08/62)		195		163,353
4.25%, 02/09/47 (Call 08/09/46)		95		85,242
4.30%, 05/10/33 (Call 02/10/33)		160		157,955
4.38%, 05/13/45		435		396,915
4.45%, 05/06/44		49		45,797
4.65%, 02/23/46 (Call 08/23/45)		532		502,755
4.85%, 05/10/53 (Call 11/10/52)(b)		160		156,319
Dell International LLC/EMC Corp.
3.45%, 12/15/51 (Call 06/15/51)		82		56,137
8.10%, 07/15/36 (Call 01/15/36)		105		125,825
8.35%, 07/15/46 (Call 01/15/46)		103		130,464
DXC Technology Co., 2.38%, 09/15/28 (Call 07/15/28)		5		4,311
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)		836		777,005
4.90%, 10/15/25 (Call 07/15/25)		1,756		1,744,707
5.25%, 07/01/28 (Call 06/01/28)(b)		265		265,424
6.10%, 04/01/26 (Call 04/01/24)		75		75,026
6.20%, 10/15/35 (Call 04/15/35)		429		447,903
6.35%, 10/15/45 (Call 04/15/45)		295		304,935
HP Inc.
4.20%, 04/15/32 (Call 01/15/32)		165		152,129
4.75%, 01/15/28 (Call 12/15/27)		50		49,488

Security	Par (000)		Value
Computers (continued)
5.50%, 01/15/33 (Call 10/15/32)(b)	$	355	$	355,141
6.00%, 09/15/41		362		370,171
International Business Machines Corp.
3.30%, 05/15/26		1,077		1,036,909
3.30%, 01/27/27		455		434,679
3.43%, 02/09/52 (Call 08/09/51)		140		99,715
3.45%, 02/19/26		1,042		1,010,826
3.50%, 05/15/29		895		835,416
4.00%, 06/20/42		345		286,837
4.15%, 07/27/27 (Call 06/27/27)		100		97,433
4.15%, 05/15/39		162		141,231
4.25%, 05/15/49		476		398,691
4.40%, 07/27/32 (Call 04/27/32)		135		128,930
4.70%, 02/19/46		165		149,429
4.90%, 07/27/52 (Call 01/27/52)		55		50,837
5.10%, 02/06/53 (Call 08/06/52)		65		61,952
5.60%, 11/30/39		121		124,409
5.88%, 11/29/32		335		354,666
6.22%, 08/01/27		170		177,353
6.50%, 01/15/28		362		382,971
7.00%, 10/30/25		656		677,107
7.13%, 12/01/96(b)		30		37,673
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)		120		98,310
4.38%, 05/15/30 (Call 02/15/30)		781		733,919
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30)		250		211,184
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		345		290,726
4.75%, 02/15/26 (Call 11/15/25)		305		298,346
				16,421,415
Cosmetics & Personal Care — 0.2%
Colgate-Palmolive Co.
3.70%, 08/01/47 (Call 02/01/47)		211		174,063
4.00%, 08/15/45		353		309,020
4.60%, 03/01/28 (Call 02/01/28)		36		36,252
4.60%, 03/01/33 (Call 12/01/32)		36		35,731
Conopco Inc., Series E, 7.25%, 12/15/26		45		47,732
Estee Lauder Companies Inc. (The)
3.13%, 12/01/49 (Call 06/01/49)		92		62,723
4.38%, 06/15/45 (Call 12/15/44)		62		53,286
6.00%, 05/15/37		25		26,642
Procter & Gamble Co. (The)
2.45%, 11/03/26		306		289,073
2.80%, 03/25/27		802		759,203
2.85%, 08/11/27		805		759,620
3.60%, 03/25/50		125		102,539
4.10%, 01/26/26		150		148,320
5.55%, 03/05/37		221		237,081
5.80%, 08/15/34		65		72,272
Unilever Capital Corp.
1.75%, 08/12/31 (Call 05/12/31)		405		325,704
2.00%, 07/28/26		305		285,657
2.90%, 05/05/27 (Call 02/05/27)		395		373,297
3.10%, 07/30/25		175		170,570
3.38%, 03/22/25 (Call 01/22/25)		260		254,965
3.50%, 03/22/28 (Call 12/22/27)		385		368,338
5.00%, 12/08/33 (Call 09/08/33)		500		500,839
5.90%, 11/15/32		245		260,694

S C H E D U L E  O F  I N V E S T M E N T S 45

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
Series 30Y, 2.63%, 08/12/51 (Call 02/12/51)	$	325	$	209,672
				5,863,293
Distribution & Wholesale — 0.0%
LKQ Corp.
5.75%, 06/15/28 (Call 05/15/28)		360		363,629
6.25%, 06/15/33 (Call 03/15/33)		560		575,631
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		96		77,043
4.20%, 05/15/47 (Call 11/15/46)		174		149,450
4.60%, 06/15/45 (Call 12/15/44)		217		197,555
				1,363,308
Diversified Financial Services — 1.0%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
2.45%, 10/29/26 (Call 09/29/26)		470		433,670
3.00%, 10/29/28 (Call 08/29/28)		337		302,795
3.30%, 01/30/32 (Call 10/30/31)		852		721,025
3.40%, 10/29/33 (Call 07/29/33)		520		432,572
3.65%, 07/21/27 (Call 04/21/27)		485		456,600
3.88%, 01/23/28 (Call 10/23/27)		510		480,226
4.45%, 10/01/25 (Call 08/01/25)		525		514,934
4.45%, 04/03/26 (Call 02/03/26)		445		435,884
4.63%, 10/15/27 (Call 08/15/27)		350		338,843
5.75%, 06/06/28 (Call 05/06/28)		150		151,196
6.50%, 07/15/25 (Call 06/15/25)		810		817,315
Affiliated Managers Group Inc.
3.30%, 06/15/30 (Call 03/15/30)		205		180,401
3.50%, 08/01/25		65		63,217
Air Lease Corp.
2.88%, 01/15/32 (Call 10/15/31)		205		170,102
3.00%, 02/01/30 (Call 11/01/29)		212		184,284
3.25%, 10/01/29 (Call 07/01/29)		152		135,480
3.63%, 04/01/27 (Call 01/01/27)		230		218,392
3.63%, 12/01/27 (Call 09/01/27)		184		172,265
4.63%, 10/01/28 (Call 07/01/28)		307		296,531
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26)		154		149,247
Ally Financial Inc.
4.63%, 03/30/25		440		434,399
5.80%, 05/01/25 (Call 04/01/25)		425		424,260
7.10%, 11/15/27 (Call 10/15/27)		25		26,027
8.00%, 11/01/31		569		622,263
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)		75		68,573
2.55%, 03/04/27 (Call 02/01/27)		95		88,258
3.13%, 05/20/26 (Call 04/20/26)		850		815,735
3.30%, 05/03/27 (Call 04/03/27)		85		80,582
3.95%, 08/01/25 (Call 07/01/25)		300		294,726
4.05%, 12/03/42		496		426,655
4.20%, 11/06/25 (Call 10/06/25)		376		370,892
4.42%, 08/03/33 (Call 08/03/32), (1-day SOFR + 1.760%)(a)		260		246,316
4.90%, 02/13/26 (Call 01/13/26)		200		199,346
4.99%, 05/01/26 (Call 05/01/25), (1-day SOFR + 1.000%)(a)		295		293,302
4.99%, 05/26/33 (Call 02/26/32), (1-day SOFR + 2.255%)(a)		60		58,361
5.04%, 05/01/34 (Call 05/01/33), (1-day SOFR + 1.835%)(a)		250		245,204
5.10%, 02/16/28 (Call 02/16/27), (1-day SOFR + 1.000%)(a)		40		39,840

Security	Par (000)		Value
Diversified Financial Services (continued)
5.28%, 07/27/29 (Call 07/27/28), (1-day SOFR + 1.280%)(a)	$	225	$	226,286
5.39%, 07/28/27 (Call 07/28/26), (1-day SOFR + 0.970%)(a)		75		75,207
5.63%, 07/28/34 (Call 07/28/33), (1-day SOFR + 1.930%)(a)		30		30,184
5.85%, 11/05/27 (Call 10/05/27)		95		97,438
6.34%, 10/30/26 (Call 10/30/25), (1-day SOFR + 1.330%)(a)		50		50,760
6.49%, 10/30/31 (Call 10/30/30), (1-day SOFR + 1.940%)(a)		50		53,250
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)		400		379,095
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		45		42,692
3.00%, 04/02/25 (Call 03/02/25)		130		126,589
4.50%, 05/13/32 (Call 02/13/32)		50		47,971
5.15%, 05/15/33 (Call 02/15/33)		150		150,195
Brookfield Finance Inc.
3.50%, 03/30/51 (Call 09/30/50)		85		60,364
3.63%, 02/15/52 (Call 08/15/51)		65		46,333
3.90%, 01/25/28 (Call 10/25/27)		330		316,440
4.25%, 06/02/26 (Call 03/02/26)		150		147,278
4.35%, 04/15/30 (Call 01/15/30)		172		162,916
4.70%, 09/20/47 (Call 03/20/47)		265		224,859
4.85%, 03/29/29 (Call 12/29/28)		420		413,981
5.97%, 03/04/54 (Call 09/04/53)		50		50,466
6.35%, 01/05/34 (Call 10/05/33)		130		136,620
Brookfield Finance LLC/Brookfield Finance Inc., 3.45%, 04/15/50 (Call 10/15/49)		135		93,700
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26), (1-day SOFR + 0.855%)(a)		20		18,147
2.36%, 07/29/32 (Call 07/29/31), (1-day SOFR + 1.337%)(a)		130		97,959
2.62%, 11/02/32 (Call 11/02/31), (1-day SOFR + 1.265%)(a)		65		51,900
4.99%, 07/24/26 (Call 07/24/25), (1-day SOFR + 2.160%)(a)		50		49,534
5.27%, 05/10/33 (Call 05/10/32), (1-day SOFR + 2.370%)(a)		280		271,563
5.47%, 02/01/29 (Call 02/01/28), (1-day SOFR + 2.080%)(a)		35		34,770
5.82%, 02/01/34 (Call 02/01/33), (1-day SOFR + 2.600%)(a)		150		148,237
6.31%, 06/08/29 (Call 06/08/28), (1-day SOFR + 2.640%)(a)		105		107,535
6.38%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.860%)(a)		100		103,005
Cboe Global Markets Inc., 3.65%, 01/12/27 (Call 10/12/26)		242		234,189
Charles Schwab Corp. (The)
1.95%, 12/01/31 (Call 09/01/31)		15		11,906
2.90%, 03/03/32 (Call 12/03/31)		380		321,640
3.20%, 03/02/27 (Call 12/02/26)		40		37,959
3.20%, 01/25/28 (Call 10/25/27)		51		47,747
3.25%, 05/22/29 (Call 02/22/29)		105		96,791
4.00%, 02/01/29 (Call 11/01/28)(b)		139		133,289
4.63%, 03/22/30 (Call 12/22/29)(b)		40		39,485
5.85%, 05/19/34 (Call 05/19/33), (1-day SOFR + 2.500%)(a)		100		101,497

46 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
6.14%, 08/24/34 (Call 08/24/33), (1-day SOFR + 2.010%)(a)	$	30	$	31,118
CI Financial Corp.
3.20%, 12/17/30 (Call 09/17/30)		209		166,402
4.10%, 06/15/51 (Call 12/15/50)(b)		134		79,172
CME Group Inc.
4.15%, 06/15/48 (Call 12/15/47)		240		206,023
5.30%, 09/15/43 (Call 03/15/43)		199		201,422
Credit Suisse USA Inc., 7.13%, 07/15/32		221		246,621
Discover Financial Services
4.10%, 02/09/27 (Call 11/09/26)		371		356,561
4.50%, 01/30/26 (Call 11/30/25)		255		250,568
6.70%, 11/29/32 (Call 08/29/32)		140		146,502
7.96%, 11/02/34 (Call 11/02/33), (1-day SOFR + 3.370%)(a)		185		207,327
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		990		942,287
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		100		77,176
3.00%, 06/15/50 (Call 12/15/49)		340		228,025
3.00%, 09/15/60 (Call 03/15/60)		230		142,484
3.10%, 09/15/27 (Call 06/15/27)		180		169,028
3.75%, 09/21/28 (Call 06/21/28)		119		113,577
4.25%, 09/21/48 (Call 03/21/48)		241		203,971
4.60%, 03/15/33 (Call 12/15/32)		195		186,402
4.95%, 06/15/52 (Call 12/15/51)		255		238,005
5.20%, 06/15/62 (Call 12/15/61)		105		100,907
Invesco Finance PLC
3.75%, 01/15/26		75		72,883
5.38%, 11/30/43		158		152,504
Janus Henderson U.S. Holdings Inc., 4.88%, 08/01/25 (Call 05/01/25)		770		760,918
Jefferies Financial Group Inc.
4.15%, 01/23/30		172		160,014
6.25%, 01/15/36		112		115,079
6.50%, 01/20/43		65		67,688
Legg Mason Inc.
4.75%, 03/15/26		346		343,568
5.63%, 01/15/44		373		373,709
Mastercard Inc.
2.00%, 11/18/31 (Call 08/18/31)		125		102,545
2.95%, 11/21/26 (Call 08/21/26)		400		381,533
3.30%, 03/26/27 (Call 01/26/27)		502		481,044
3.35%, 03/26/30 (Call 12/26/29)		464		428,437
3.50%, 02/26/28 (Call 11/26/27)		440		422,396
3.65%, 06/01/49 (Call 12/01/48)		105		83,485
3.80%, 11/21/46 (Call 05/21/46)		130		107,339
3.85%, 03/26/50 (Call 09/26/49)		338		279,063
3.95%, 02/26/48 (Call 08/26/47)		62		52,398
4.85%, 03/09/33 (Call 12/09/32)		85		84,887
4.88%, 03/09/28 (Call 02/09/28)		160		161,793
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)		215		171,221
3.25%, 04/28/50 (Call 10/28/49)		120		81,596
3.85%, 06/30/26 (Call 03/30/26)		342		331,908
3.95%, 03/07/52 (Call 09/07/51)		174		132,193
5.35%, 06/28/28 (Call 05/28/28)		410		414,105
5.55%, 02/15/34 (Call 11/15/33)		385		387,510
5.65%, 06/28/25		35		35,113
6.10%, 06/28/63 (Call 12/28/62)		25		25,945

Security	Par (000)		Value
Diversified Financial Services (continued)
Nomura Holdings Inc.
2.17%, 07/14/28	$	195	$	169,975
2.33%, 01/22/27		155		142,039
2.61%, 07/14/31		465		382,038
2.68%, 07/16/30		265		223,989
2.71%, 01/22/29		270		237,927
3.00%, 01/22/32		450		374,851
3.10%, 01/16/30		390		342,383
5.39%, 07/06/27		255		254,414
6.07%, 07/12/28		210		214,989
6.09%, 07/12/33		225		234,508
ORIX Corp., 5.20%, 09/13/32		335		338,534
Radian Group Inc., 4.88%, 03/15/27 (Call 09/15/26)		20		19,423
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		60		44,440
4.65%, 04/01/30 (Call 01/01/30)		89		87,944
4.95%, 07/15/46		185		169,944
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		265		207,829
3.70%, 08/04/26 (Call 05/04/26)		485		457,683
3.95%, 12/01/27 (Call 09/01/27)		641		593,711
4.50%, 07/23/25 (Call 04/23/25)		902		881,568
4.88%, 06/13/25 (Call 05/13/25)		155		152,518
5.15%, 03/19/29 (Call 12/19/28)		502		478,881
Visa Inc.
1.90%, 04/15/27 (Call 02/15/27)		15		13,811
2.00%, 08/15/50 (Call 02/15/50)		25		14,534
2.05%, 04/15/30 (Call 01/15/30)		185		158,675
2.70%, 04/15/40 (Call 10/15/39)		100		73,999
2.75%, 09/15/27 (Call 06/15/27)		40		37,463
3.15%, 12/14/25 (Call 09/14/25)		45		43,646
3.65%, 09/15/47 (Call 03/15/47)		361		287,294
4.15%, 12/14/35 (Call 06/14/35)		274		256,839
4.30%, 12/14/45 (Call 06/14/45)		771		687,199
Voya Financial Inc.
3.65%, 06/15/26		180		173,059
4.70%, 01/23/48 (Call 01/23/28), (3-mo. LIBOR US + 2.084%)(a)		155		130,298
5.70%, 07/15/43		116		112,396
Western Union Co. (The), 6.20%, 11/17/36		232		233,681
				34,966,429
Electric — 2.0%
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)		870		599,343
4.70%, 05/15/32 (Call 02/15/32)		315		300,146
5.25%, 05/15/52 (Call 11/15/51)		350		327,905
5.40%, 06/01/33 (Call 03/01/33)		50		49,900
Series G, 4.15%, 05/01/49 (Call 11/01/48)		135		105,867
Series H, 3.45%, 01/15/50 (Call 07/15/49)		240		167,387
Avangrid Inc.
3.20%, 04/15/25 (Call 03/15/25)		3,112		3,027,165
3.80%, 06/01/29 (Call 03/01/29)		2,427		2,261,244
Avista Corp.
4.00%, 04/01/52 (Call 10/01/51)		350		267,190
4.35%, 06/01/48 (Call 12/01/47)		329		270,983
Baltimore Gas & Electric Co.
2.90%, 06/15/50 (Call 12/15/49)		62		40,009
3.20%, 09/15/49 (Call 03/15/49)		237		162,438
3.50%, 08/15/46 (Call 02/15/46)		220		162,067
3.75%, 08/15/47 (Call 02/15/47)		126		95,864

S C H E D U L E  O F  I N V E S T M E N T S 47

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.25%, 09/15/48 (Call 03/15/48)	$	135	$	112,599
5.40%, 06/01/53 (Call 12/01/52)		65		63,660
6.35%, 10/01/36		115		122,841
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)		120		93,479
3.60%, 03/01/52 (Call 09/01/51)		70		52,585
3.95%, 03/01/48 (Call 09/01/47)		144		116,259
4.50%, 04/01/44 (Call 10/01/43)		137		120,964
4.95%, 04/01/33 (Call 01/01/33)		30		29,545
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		239		201,500
Series AD, 2.90%, 07/01/50 (Call 01/01/50)		107		70,333
Series K2, 6.95%, 03/15/33(b)		45		50,759
Cleveland Electric Illuminating Co. (The), 5.95%, 12/15/36		160		159,605
Commonwealth Edison Co.
2.20%, 03/01/30 (Call 12/01/29)		399		339,292
3.00%, 03/01/50 (Call 09/01/49)		265		174,602
3.65%, 06/15/46 (Call 12/15/45)		326		248,430
3.70%, 08/15/28 (Call 05/15/28)		470		447,609
3.70%, 03/01/45 (Call 09/01/44)		103		80,246
3.80%, 10/01/42 (Call 04/01/42)		10		8,012
4.00%, 03/01/48 (Call 09/01/47)		194		155,015
4.00%, 03/01/49 (Call 09/01/48)		252		199,961
4.35%, 11/15/45 (Call 05/15/45)		71		60,387
4.70%, 01/15/44 (Call 07/15/43)		25		22,428
4.90%, 02/01/33 (Call 11/01/32)		30		29,468
5.90%, 03/15/36		225		235,309
6.45%, 01/15/38		114		123,718
Series 122, 2.95%, 08/15/27 (Call 05/15/27)		115		107,703
Series 123, 3.75%, 08/15/47 (Call 02/15/47)		185		141,241
Series 127, 3.20%, 11/15/49 (Call 05/15/49)		234		160,333
Series 131, 2.75%, 09/01/51 (Call 03/01/51)		560		343,981
Connecticut Light & Power Co. (The)
4.00%, 04/01/48 (Call 10/01/47)		520		421,834
4.30%, 04/15/44 (Call 10/15/43)		255		217,171
4.90%, 07/01/33 (Call 04/01/33)		75		73,252
5.25%, 01/15/53 (Call 07/15/52)		200		193,719
Series A, 2.05%, 07/01/31 (Call 04/01/31)		877		712,632
Series A, 3.20%, 03/15/27 (Call 12/15/26)		660		627,069
Series A, 4.15%, 06/01/45 (Call 12/01/44)		205		172,954
Connecticut Light and Power Co. (The), 4.65%, 01/01/29 (Call 12/01/28)		75		73,734
Consolidated Edison Co. of New York Inc.
3.70%, 11/15/59 (Call 05/15/59)		160		113,882
3.80%, 05/15/28 (Call 02/15/28)		139		132,742
3.85%, 06/15/46 (Call 12/15/45)		109		85,566
3.95%, 03/01/43 (Call 09/01/42)		139		113,795
4.45%, 03/15/44 (Call 09/15/43)		170		147,266
4.50%, 12/01/45 (Call 06/01/45)		155		134,068
4.50%, 05/15/58 (Call 11/15/57)		175		146,882
4.63%, 12/01/54 (Call 06/01/54)		49		42,080
5.70%, 06/15/40		132		132,769
Series 05-A, 5.30%, 03/01/35		182		180,787
Series 06-A, 5.85%, 03/15/36		69		70,958
Series 06-B, 6.20%, 06/15/36		85		90,237
Series 08-B, 6.75%, 04/01/38		145		161,607
Series 09-C, 5.50%, 12/01/39		115		114,560
Series 12-A, 4.20%, 03/15/42		122		101,666
Series 2017, 3.88%, 06/15/47 (Call 12/15/46)		166		128,514
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)		295		269,694
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)		187		149,719

Security	Par (000)		Value
Electric (continued)
Series A, 4.13%, 05/15/49 (Call 11/15/48)	$	210	$	168,738
Series C, 3.00%, 12/01/60 (Call 06/01/60)		70		42,461
Series C, 4.00%, 11/15/57 (Call 05/15/57)		109		84,334
Series C, 4.30%, 12/01/56 (Call 06/01/56)		106		86,625
Series D, 4.00%, 12/01/28 (Call 09/01/28)(b)		279		269,064
Series E, 4.65%, 12/01/48 (Call 06/01/48)		160		139,619
Constellation Energy Generation LLC
5.75%, 10/01/41 (Call 04/01/41)		10		9,799
6.25%, 10/01/39		67		69,119
Consumers Energy Co.
2.50%, 05/01/60 (Call 11/01/59)		1,320		732,440
2.65%, 08/15/52 (Call 02/15/52)		755		468,394
Delmarva Power & Light Co., 4.15%, 05/15/45 (Call 11/15/44)		80		64,172
Edison International
4.13%, 03/15/28 (Call 12/15/27)		205		195,574
5.25%, 11/15/28 (Call 10/15/28)		60		59,685
5.75%, 06/15/27 (Call 04/15/27)		140		141,325
El Paso Electric Co.
5.00%, 12/01/44 (Call 06/01/44)		60		50,933
6.00%, 05/15/35		127		127,360
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		1,305		1,253,610
Entergy Louisiana LLC
2.90%, 03/15/51 (Call 09/15/50)		413		259,103
4.20%, 09/01/48 (Call 03/01/48)		277		224,712
4.20%, 04/01/50 (Call 10/01/49)		410		332,530
4.95%, 01/15/45 (Call 01/15/25)		660		602,783
Eversource Energy
3.38%, 03/01/32 (Call 12/01/31)		710		609,470
3.45%, 01/15/50 (Call 07/15/49)		410		279,207
4.60%, 07/01/27 (Call 06/01/27)		120		117,346
4.75%, 05/15/26		70		69,111
5.00%, 01/01/27		75		74,487
5.13%, 05/15/33 (Call 02/15/33)		100		96,603
5.45%, 03/01/28 (Call 02/01/28)		155		155,848
5.50%, 01/01/34 (Call 10/01/33)		200		197,933
5.95%, 02/01/29 (Call 01/01/29)		175		179,229
Series M, 3.30%, 01/15/28 (Call 10/15/27)		805		749,745
Series O, 4.25%, 04/01/29 (Call 01/01/29)		605		576,343
Series R, 1.65%, 08/15/30 (Call 05/15/30)		1,255		998,607
Exelon Corp.
3.40%, 04/15/26 (Call 01/15/26)		2,080		2,002,677
4.05%, 04/15/30 (Call 01/15/30)		1,660		1,556,972
4.10%, 03/15/52 (Call 09/15/51)		475		368,433
4.45%, 04/15/46 (Call 10/15/45)		291		243,576
4.70%, 04/15/50 (Call 10/15/49)		375		323,854
4.95%, 06/15/35 (Call 12/15/34)		457		426,957
5.10%, 06/15/45 (Call 12/15/44)		235		213,813
5.15%, 03/15/28 (Call 02/15/28)		70		69,850
5.30%, 03/15/33 (Call 12/15/32)		105		103,986
5.45%, 03/15/34 (Call 12/15/33)		35		34,847
5.60%, 03/15/53 (Call 09/15/52)		185		180,391
5.63%, 06/15/35		345		342,554
Florida Power & Light Co.
3.15%, 10/01/49 (Call 04/01/49)		331		228,220
3.70%, 12/01/47 (Call 06/01/47)		128		99,498
3.95%, 03/01/48 (Call 09/01/47)		304		246,052
3.99%, 03/01/49 (Call 09/01/48)		253		204,688
4.05%, 06/01/42 (Call 12/01/41)		117		99,133
4.05%, 10/01/44 (Call 04/01/44)		195		164,157

48 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.13%, 02/01/42 (Call 08/01/41)	$	220	$	188,619
4.13%, 06/01/48 (Call 12/01/47)		175		145,341
4.40%, 05/15/28 (Call 03/15/28)		80		78,599
4.45%, 05/15/26 (Call 04/15/26)		55		54,435
4.63%, 05/15/30 (Call 03/15/30)		85		83,650
4.80%, 05/15/33 (Call 02/15/33)		55		53,786
4.95%, 06/01/35		120		118,051
5.25%, 02/01/41 (Call 08/01/40)		245		241,680
5.63%, 04/01/34		445		465,166
5.65%, 02/01/37		117		120,785
5.69%, 03/01/40		235		240,777
5.95%, 02/01/38		180		191,417
5.96%, 04/01/39		55		58,975
Iberdrola International BV
5.81%, 03/15/25		1,165		1,165,025
6.75%, 07/15/36		934		1,045,791
ITC Holdings Corp.
3.25%, 06/30/26 (Call 03/30/26)		725		692,432
3.35%, 11/15/27 (Call 08/15/27)		564		529,030
5.30%, 07/01/43 (Call 01/01/43)		384		359,414
National Grid PLC
5.42%, 01/11/34 (Call 10/11/33)		560		546,080
5.60%, 06/12/28 (Call 05/12/28)		525		531,612
5.81%, 06/12/33 (Call 03/12/33)		1,710		1,727,994
National Grid USA, 5.80%, 04/01/35		970		956,434
National Rural Utilities Cooperative Finance Corp.
2.40%, 03/15/30 (Call 12/15/29)		184		158,395
4.02%, 11/01/32 (Call 05/01/32)		55		50,599
4.30%, 03/15/49 (Call 09/15/48)		87		72,266
4.40%, 11/01/48 (Call 05/01/48)		100		84,278
Series C, 8.00%, 03/01/32		120		138,964
NextEra Energy Capital Holdings Inc.
2.25%, 06/01/30 (Call 03/01/30)		1,504		1,265,652
2.75%, 11/01/29 (Call 08/01/29)		1,112		980,079
3.50%, 04/01/29 (Call 01/01/29)		445		411,512
3.55%, 05/01/27 (Call 02/01/27)		1,409		1,340,519
3.80%, 03/15/82 (Call 03/15/27), (5-year CMT + 2.547%)(a)		55		48,995
4.63%, 07/15/27 (Call 06/15/27)		465		457,502
4.80%, 12/01/77 (Call 12/01/27), (3-mo. LIBOR US + 2.409%)(a)		240		217,324
4.90%, 02/28/28 (Call 01/28/28)		145		143,797
4.90%, 03/15/29 (Call 02/15/29)		75		74,069
4.95%, 01/29/26		75		74,450
5.00%, 02/28/30 (Call 12/28/29)		150		148,712
5.00%, 07/15/32 (Call 04/15/32)		215		209,543
5.05%, 02/28/33 (Call 11/28/32)		150		146,241
5.25%, 03/15/34 (Call 12/15/33)		75		73,614
5.25%, 02/28/53 (Call 08/28/52)		60		55,712
5.55%, 03/15/54 (Call 09/15/53)		225		218,184
NSTAR Electric Co.
1.95%, 08/15/31 (Call 05/15/31)		394		315,063
3.10%, 06/01/51 (Call 12/01/50)		205		138,399
3.20%, 05/15/27 (Call 02/15/27)		755		719,257
3.25%, 05/15/29 (Call 02/15/29)		40		37,180
3.95%, 04/01/30 (Call 01/01/30)		510		478,111
4.40%, 03/01/44 (Call 09/01/43)		404		348,039
5.50%, 03/15/40		265		264,102
Ohio Edison Co., 6.88%, 07/15/36		150		165,679
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)		260		202,905

Security	Par (000)		Value
Electric (continued)
4.15%, 04/01/48 (Call 10/01/47)	$	215	$	172,141
5.00%, 06/01/33 (Call 03/01/33)		30		29,424
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		360		287,070
Series R, 2.90%, 10/01/51 (Call 04/01/51)		510		324,720
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51 (Call 05/15/51)		400		248,407
3.10%, 09/15/49 (Call 03/15/49)		165		113,119
3.75%, 04/01/45 (Call 10/01/44)		214		169,718
3.80%, 09/30/47 (Call 03/30/47)		78		60,173
3.80%, 06/01/49 (Call 12/01/48)		165		129,439
4.10%, 11/15/48 (Call 05/15/48)		165		135,212
4.55%, 12/01/41 (Call 06/01/41)		40		36,270
4.60%, 06/01/52 (Call 12/01/51)		105		92,334
5.25%, 09/30/40		100		99,241
5.30%, 06/01/42 (Call 12/01/41)		95		95,932
5.65%, 11/15/33 (Call 08/15/33)		35		36,088
7.00%, 05/01/32		76		84,660
7.25%, 01/15/33		77		87,618
7.50%, 09/01/38		70		83,532
Pacific Gas and Electric Co.
3.50%, 08/01/50 (Call 02/01/50)		300		201,820
3.95%, 12/01/47 (Call 06/01/47)		130		94,403
4.20%, 06/01/41 (Call 12/01/40)		185		145,352
4.25%, 03/15/46 (Call 09/15/45)		40		30,602
4.30%, 03/15/45 (Call 09/15/44)		145		113,130
4.45%, 04/15/42 (Call 10/15/41)		95		76,429
4.50%, 07/01/40 (Call 01/01/40)		185		155,423
4.55%, 07/01/30 (Call 01/01/30)		110		103,458
4.60%, 06/15/43 (Call 12/15/42)		50		40,983
4.75%, 02/15/44 (Call 08/15/43)		30		25,010
4.95%, 07/01/50 (Call 01/01/50)		695		590,253
5.25%, 03/01/52 (Call 09/01/51)		250		221,336
5.90%, 06/15/32 (Call 03/15/32)		230		231,157
6.70%, 04/01/53 (Call 10/01/52)		110		117,962
6.75%, 01/15/53 (Call 07/15/52)		310		332,259
PECO Energy Co.
2.80%, 06/15/50 (Call 12/15/49)		124		79,889
2.85%, 09/15/51 (Call 03/15/51)		135		85,992
3.00%, 09/15/49 (Call 03/15/49)		205		137,761
3.70%, 09/15/47 (Call 03/15/47)		431		334,920
3.90%, 03/01/48 (Call 09/01/47)		194		156,065
4.15%, 10/01/44 (Call 04/01/44)		282		235,586
4.38%, 08/15/52 (Call 02/15/52)		100		85,262
4.60%, 05/15/52 (Call 11/15/51)		100		89,041
4.90%, 06/15/33 (Call 03/15/33)		120		118,798
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)		310		260,517
5.20%, 03/15/34 (Call 12/15/33)		25		24,855
5.50%, 03/15/54 (Call 09/15/53)		50		49,771
6.50%, 11/15/37		35		38,631
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		185		126,202
3.95%, 06/01/47 (Call 12/01/46)		64		51,658
4.15%, 10/01/45 (Call 04/01/45)		15		12,471
4.15%, 06/15/48 (Call 12/15/47)		200		167,604
5.00%, 05/15/33 (Call 02/15/33)		125		124,287
5.25%, 05/15/53 (Call 11/15/52)		785		762,046
Public Service Co. of New Hampshire
3.60%, 07/01/49 (Call 01/01/49)		480		362,942
5.15%, 01/15/53 (Call 07/15/52)		275		263,783
5.35%, 10/01/33 (Call 07/01/33)		50		50,522

S C H E D U L E  O F  I N V E S T M E N T S 49

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Series V, 2.20%, 06/15/31 (Call 03/15/31)	$	160	$	131,775
Public Service Electric & Gas Co.
2.70%, 05/01/50 (Call 11/01/49)		72		46,374
3.15%, 01/01/50 (Call 07/01/49)		180		125,086
3.20%, 05/15/29 (Call 02/15/29)		345		318,173
3.20%, 08/01/49 (Call 02/01/49)		265		186,965
3.60%, 12/01/47 (Call 06/01/47)		260		198,173
3.65%, 09/01/28 (Call 06/01/28)(b)		335		318,957
3.65%, 09/01/42 (Call 03/01/42)		105		82,667
3.70%, 05/01/28 (Call 02/01/28)		362		346,021
3.80%, 01/01/43 (Call 07/01/42)		65		52,795
3.80%, 03/01/46 (Call 09/01/45)		415		327,540
3.85%, 05/01/49 (Call 11/01/48)		175		139,429
3.95%, 05/01/42 (Call 11/01/41)		25		20,974
4.05%, 05/01/48 (Call 11/01/47)		75		62,326
4.65%, 03/15/33 (Call 12/15/32)		70		67,695
4.90%, 12/15/32 (Call 09/15/32)		100		98,634
5.13%, 03/15/53 (Call 09/15/52)(b)		370		358,277
5.20%, 03/01/34 (Call 12/01/33)		50		50,062
5.45%, 03/01/54 (Call 09/01/53)		75		75,225
5.50%, 03/01/40		70		69,986
5.80%, 05/01/37		150		154,378
Public Service Enterprise Group Inc.
1.60%, 08/15/30 (Call 05/15/30)		1,677		1,347,090
2.45%, 11/15/31 (Call 08/15/31)		1,020		829,545
6.13%, 10/15/33 (Call 07/15/33)		260		271,335
San Diego Gas & Electric Co.
4.15%, 05/15/48 (Call 11/15/47)		200		164,611
4.50%, 08/15/40		92		81,643
4.95%, 08/15/28 (Call 07/15/28)		200		199,945
6.00%, 06/01/39		55		56,919
Series RRR, 3.75%, 06/01/47 (Call 12/01/46)		159		122,262
Series TTT, 4.10%, 06/15/49 (Call 12/15/48)		284		229,073
Series UUU, 3.32%, 04/15/50 (Call 10/15/49)		157		108,978
Series VVV, 1.70%, 10/01/30 (Call 07/01/30)		650		528,936
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)		90		59,691
Sempra
3.25%, 06/15/27 (Call 03/15/27)		312		293,421
3.40%, 02/01/28 (Call 11/01/27)		303		285,132
3.80%, 02/01/38 (Call 08/01/37)		399		327,286
4.00%, 02/01/48 (Call 08/01/47)		369		286,490
4.13%, 04/01/52 (Call 01/01/27), (5-year CMT + 2.868%)(a)		350		321,369
5.50%, 08/01/33 (Call 05/01/33)		100		99,418
6.00%, 10/15/39		214		216,002
Southern California Edison Co.
2.25%, 06/01/30 (Call 03/01/30)		105		88,620
2.85%, 08/01/29 (Call 05/01/29)		167		149,540
3.45%, 02/01/52 (Call 08/01/51)		40		27,859
3.65%, 02/01/50 (Call 08/01/49)		303		221,647
4.00%, 04/01/47 (Call 10/01/46)		287		223,230
4.05%, 03/15/42 (Call 09/15/41)		159		130,653
4.50%, 09/01/40 (Call 03/01/40)		30		26,214
4.65%, 10/01/43 (Call 04/01/43)		121		105,903
4.90%, 06/01/26 (Call 05/01/26)		65		64,553
5.15%, 06/01/29 (Call 05/01/29)		50		50,035
5.35%, 03/01/26		50		50,032
5.50%, 03/15/40		99		97,796
5.63%, 02/01/36		137		136,946
5.75%, 04/15/54 (Call 10/15/53)		75		74,544
5.88%, 12/01/53 (Call 06/01/53)		100		101,615

Security	Par (000)		Value
Electric (continued)
6.00%, 01/15/34	$	255	$	265,738
6.05%, 03/15/39		126		129,777
6.65%, 04/01/29		180		188,904
Series 04-G, 5.75%, 04/01/35		55		55,632
Series 05-E, 5.35%, 07/15/35		75		74,598
Series 06-E, 5.55%, 01/15/37		15		14,927
Series 08-A, 5.95%, 02/01/38		82		84,024
Series 13-A, 3.90%, 03/15/43 (Call 09/15/42)		130		102,767
Series B, 4.88%, 03/01/49 (Call 09/01/48)		129		114,493
Series C, 3.60%, 02/01/45 (Call 08/01/44)		294		217,634
Series C, 4.13%, 03/01/48 (Call 09/01/47)		316		252,111
Toledo Edison Co. (The), 6.15%, 05/15/37		15		15,791
				72,258,250
Electrical Components & Equipment — 0.0%
Acuity Brands Lighting Inc., 2.15%, 12/15/30 (Call 09/15/30)		225		184,400
Emerson Electric Co.
2.75%, 10/15/50 (Call 04/15/50)		104		66,378
2.80%, 12/21/51 (Call 06/21/51)		15		9,651
5.25%, 11/15/39		50		50,489
				310,918
Electronics — 0.3%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		665		607,251
Allegion U.S. Holding Co. Inc.
3.55%, 10/01/27 (Call 07/01/27)		215		203,373
5.41%, 07/01/32 (Call 04/01/32)		245		244,762
Amphenol Corp., 4.35%, 06/01/29 (Call 03/01/29)		81		78,735
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		170		140,320
4.63%, 04/15/26 (Call 01/15/26)		637		623,414
5.50%, 06/01/32 (Call 03/01/32)		95		91,223
6.25%, 03/15/28 (Call 02/15/28)		95		96,627
Flex Ltd.
4.75%, 06/15/25 (Call 03/15/25)		295		291,624
4.88%, 06/15/29 (Call 03/15/29)		745		724,662
4.88%, 05/12/30 (Call 02/12/30)		600		578,077
6.00%, 01/15/28 (Call 12/15/27)		100		101,646
Fortive Corp.
3.15%, 06/15/26 (Call 03/15/26)		463		441,934
4.30%, 06/15/46 (Call 12/15/45)		60		49,505
Honeywell International Inc.
1.95%, 06/01/30 (Call 03/01/30)		675		570,403
2.50%, 11/01/26 (Call 08/01/26)		861		811,404
2.70%, 08/15/29 (Call 05/15/29)		95		85,470
3.81%, 11/21/47 (Call 05/21/47)		242		195,002
4.25%, 01/15/29 (Call 12/15/28)		80		78,251
4.50%, 01/15/34 (Call 10/15/33)		80		76,969
4.88%, 09/01/29 (Call 08/01/29)		50		50,042
4.95%, 02/15/28 (Call 01/15/28)		95		96,002
4.95%, 09/01/31 (Call 07/01/31)		50		49,912
5.00%, 02/15/33 (Call 11/15/32)		100		100,192
5.00%, 03/01/35 (Call 12/01/34)		100		99,763
5.25%, 03/01/54 (Call 09/01/53)		100		99,702
5.35%, 03/01/64 (Call 09/01/63)		100		99,803
5.38%, 03/01/41		45		46,220
5.70%, 03/15/36		215		227,015
5.70%, 03/15/37		107		112,166
Hubbell Inc.
3.15%, 08/15/27 (Call 05/15/27)		96		90,076
3.35%, 03/01/26 (Call 12/01/25)		95		91,652

50 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electronics (continued)
3.50%, 02/15/28 (Call 11/15/27)	$	65	$	61,401
Jabil Inc., 3.95%, 01/12/28 (Call 10/12/27)		127		120,105
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		733		651,865
4.60%, 04/06/27 (Call 01/06/27)		783		770,471
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28)		599		593,612
Tyco Electronics Group SA
3.13%, 08/15/27 (Call 05/15/27)		305		288,296
3.70%, 02/15/26 (Call 11/15/25)		130		126,545
4.50%, 02/13/26		50		49,403
7.13%, 10/01/37		125		143,488
Vontier Corp.
2.40%, 04/01/28 (Call 02/01/28)		355		310,779
2.95%, 04/01/31 (Call 01/01/31)		120		98,783
				10,467,945
Entertainment — 0.1%
Warnermedia Holdings Inc.
4.28%, 03/15/32 (Call 12/15/31)		165		145,619
5.05%, 03/15/42 (Call 09/15/41)		140		117,503
5.14%, 03/15/52 (Call 09/15/51)		925		751,096
5.39%, 03/15/62 (Call 09/15/61)		735		591,610
				1,605,828
Environmental Control — 0.0%
Republic Services Inc.
3.05%, 03/01/50 (Call 09/01/49)		75		51,930
5.70%, 05/15/41 (Call 11/15/40)		10		10,374
6.20%, 03/01/40		38		41,401
Veralto Corp., 5.45%, 09/18/33 (Call 06/18/33)(e)		675		678,047
Waste Connections Inc.
2.95%, 01/15/52 (Call 07/15/51)		20		13,233
3.05%, 04/01/50 (Call 10/01/49)		72		48,616
Waste Management Inc.
4.10%, 03/01/45 (Call 09/01/44)		5		4,291
4.15%, 07/15/49 (Call 01/15/49)		97		81,965
4.63%, 02/15/30 (Call 12/15/29)		100		98,347
4.63%, 02/15/33 (Call 11/15/32)		55		53,060
4.88%, 02/15/34 (Call 11/15/33)		85		83,181
				1,164,445
Food — 0.6%
Ahold Finance USA LLC, 6.88%, 05/01/29		135		146,446
Campbell Soup Co.
2.38%, 04/24/30 (Call 01/24/30)		428		363,413
3.13%, 04/24/50 (Call 10/24/49)		61		39,775
3.30%, 03/19/25 (Call 12/19/24)		345		336,365
3.95%, 03/15/25 (Call 01/15/25)		760		747,818
4.15%, 03/15/28 (Call 12/15/27)		608		586,463
4.80%, 03/15/48 (Call 09/15/47)		291		255,230
Conagra Brands Inc.
4.60%, 11/01/25 (Call 09/01/25)		452		445,300
4.85%, 11/01/28 (Call 08/01/28)		399		392,090
5.30%, 10/01/26		100		100,015
5.30%, 11/01/38 (Call 05/01/38)		225		212,461
5.40%, 11/01/48 (Call 05/01/48)		201		185,500
7.00%, 10/01/28		55		58,756
8.25%, 09/15/30		345		396,159
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)		715		585,981
2.88%, 04/15/30 (Call 01/15/30)		456		402,621
3.00%, 02/01/51 (Call 08/01/50)		150		96,684
3.20%, 02/10/27 (Call 11/10/26)		488		463,851

Security	Par (000)		Value
Food (continued)
4.00%, 04/17/25 (Call 02/17/25)	$	1,063	$	1,046,128
4.15%, 02/15/43 (Call 08/15/42)		150		125,414
4.20%, 04/17/28 (Call 01/17/28)		813		788,303
4.70%, 01/30/27 (Call 12/20/26)		125		123,742
4.70%, 04/17/48 (Call 10/17/47)		70		63,129
4.95%, 03/29/33 (Call 12/29/32)		150		147,238
5.24%, 11/18/25 (Call 03/18/24)		105		104,872
5.40%, 06/15/40		165		162,186
5.50%, 10/17/28 (Call 09/17/28)		245		248,992
Hershey Co. (The)
3.13%, 11/15/49 (Call 05/15/49)		35		25,073
3.38%, 08/15/46 (Call 02/15/46)		100		75,216
Hormel Foods Corp., 3.05%, 06/03/51 (Call 12/03/50)		55		36,908
Ingredion Inc.
2.90%, 06/01/30 (Call 03/01/30)		160		140,595
3.20%, 10/01/26 (Call 07/01/26)		500		476,799
3.90%, 06/01/50 (Call 12/01/49)		184		134,775
J M Smucker Co. (The), 6.50%, 11/15/43 (Call 05/15/43)		30		32,049
JM Smucker Co. (The)
3.55%, 03/15/50 (Call 09/15/49)		78		54,630
4.25%, 03/15/35		267		239,094
4.38%, 03/15/45		40		33,426
Kellanova
2.10%, 06/01/30 (Call 03/01/30)		835		702,668
3.25%, 04/01/26		1,427		1,371,665
3.40%, 11/15/27 (Call 08/15/27)		768		723,078
4.30%, 05/15/28 (Call 02/15/28)		609		591,405
4.50%, 04/01/46		259		222,606
5.25%, 03/01/33 (Call 12/01/32)		260		258,081
Series B, 7.45%, 04/01/31		889		994,604
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40		166		164,656
Kraft Heinz Foods Co.
4.38%, 06/01/46 (Call 12/01/45)		185		153,461
4.88%, 10/01/49 (Call 04/01/49)		305		272,173
5.20%, 07/15/45 (Call 01/15/45)		440		410,723
5.50%, 06/01/50 (Call 12/01/49)		350		340,638
6.50%, 02/09/40		110		118,654
6.88%, 01/26/39		255		285,583
Kroger Co. (The)
2.65%, 10/15/26 (Call 07/15/26)		539		506,449
3.50%, 02/01/26 (Call 11/01/25)		425		411,924
3.70%, 08/01/27 (Call 05/01/27)		299		286,799
3.88%, 10/15/46 (Call 04/15/46)		118		89,545
3.95%, 01/15/50 (Call 07/15/49)		80		62,664
4.45%, 02/01/47 (Call 08/01/46)		205		172,902
4.50%, 01/15/29 (Call 10/15/28)		340		332,325
4.65%, 01/15/48 (Call 07/15/47)		125		108,899
5.00%, 04/15/42 (Call 10/15/41)		70		64,926
5.15%, 08/01/43 (Call 02/01/43)		180		167,258
5.40%, 07/15/40 (Call 01/15/40)		62		59,962
5.40%, 01/15/49 (Call 07/15/48)		153		149,207
6.90%, 04/15/38		57		63,631
7.50%, 04/01/31		200		225,618
McCormick & Co. Inc./MD
1.85%, 02/15/31 (Call 11/15/30)		255		204,995
3.40%, 08/15/27 (Call 05/15/27)		520		491,865
4.20%, 08/15/47 (Call 02/15/47)(b)		229		189,490
4.95%, 04/15/33 (Call 01/15/33)(b)		50		48,800

S C H E D U L E  O F  I N V E S T M E N T S 51

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
Mondelez International Inc., 2.63%, 09/04/50 (Call 03/04/50)	$	85	$	53,097
Sysco Corp.
2.40%, 02/15/30 (Call 11/15/29)		125		107,607
3.25%, 07/15/27 (Call 04/15/27)		79		74,451
3.30%, 07/15/26 (Call 04/15/26)		185		177,617
3.30%, 02/15/50 (Call 08/15/49)		118		83,572
4.45%, 03/15/48 (Call 09/15/47)		112		94,720
4.50%, 04/01/46 (Call 10/01/45)		99		84,715
4.85%, 10/01/45 (Call 04/01/45)		50		45,255
5.38%, 09/21/35		57		57,495
5.95%, 04/01/30 (Call 01/01/30)		155		161,118
6.60%, 04/01/40 (Call 10/01/39)		80		87,722
6.60%, 04/01/50 (Call 10/01/49)		155		175,023
Tyson Foods Inc.
4.55%, 06/02/47 (Call 12/02/46)		35		28,339
5.10%, 09/28/48 (Call 03/28/48)		214		188,715
5.15%, 08/15/44 (Call 02/15/44)		157		141,388
				21,681,585
Forest Products & Paper — 0.0%
Celulosa Arauco y Constitucion SA, 3.88%, 11/02/27 (Call 08/02/27)		127		119,094
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)(b)		155		131,272
4.40%, 08/15/47 (Call 02/15/47)(b)		251		208,602
4.80%, 06/15/44 (Call 12/15/43)		106		94,381
5.00%, 09/15/35 (Call 03/15/35)		225		218,114
5.15%, 05/15/46 (Call 11/15/45)		25		23,199
6.00%, 11/15/41 (Call 05/15/41)		215		221,453
7.30%, 11/15/39		10		11,605
Suzano Austria GmbH
5.00%, 01/15/30 (Call 10/15/29)		255		242,655
6.00%, 01/15/29 (Call 10/15/28)		150		150,026
				1,420,401
Gas — 0.1%
Atmos Energy Corp.
2.85%, 02/15/52 (Call 08/15/51)		115		73,699
3.38%, 09/15/49 (Call 03/15/49)		167		120,757
4.13%, 10/15/44 (Call 04/15/44)		134		113,854
4.13%, 03/15/49 (Call 09/15/48)		130		107,031
4.15%, 01/15/43 (Call 07/15/42)		20		17,038
4.30%, 10/01/48 (Call 04/01/48)		115		98,785
5.50%, 06/15/41 (Call 12/15/40)		15		15,138
5.75%, 10/15/52 (Call 04/15/52)		20		20,936
National Fuel Gas Co.
2.95%, 03/01/31 (Call 12/01/30)		147		122,620
3.95%, 09/15/27 (Call 06/15/27)		50		47,420
4.75%, 09/01/28 (Call 06/01/28)		145		140,113
5.50%, 10/01/26		60		59,823
ONE Gas Inc.
4.25%, 09/01/32 (Call 06/01/32)		150		142,029
4.50%, 11/01/48 (Call 05/01/48)		265		227,571
4.66%, 02/01/44 (Call 08/01/43)		115		102,413
Piedmont Natural Gas Co. Inc.
3.35%, 06/01/50 (Call 12/01/49)		290		192,714
5.05%, 05/15/52 (Call 11/15/51)		287		258,612
5.40%, 06/15/33 (Call 03/15/33)		80		80,237
Southern California Gas Co.
3.75%, 09/15/42 (Call 03/15/42)		160		126,141
5.13%, 11/15/40		100		95,559

Security	Par (000)		Value
Gas (continued)
5.20%, 06/01/33 (Call 03/01/33)	$	100	$	99,311
5.75%, 06/01/53 (Call 12/01/52)		100		100,954
Series UU, 4.13%, 06/01/48 (Call 12/01/47)		155		125,385
Series VV, 4.30%, 01/15/49 (Call 07/15/48)		145		118,852
Series WW, 3.95%, 02/15/50 (Call 08/15/49)		257		198,040
Southwest Gas Corp.
3.70%, 04/01/28 (Call 01/01/28)		65		61,373
3.80%, 09/29/46 (Call 03/29/46)		135		98,702
4.15%, 06/01/49 (Call 12/01/48)		191		146,021
5.45%, 03/23/28 (Call 02/23/28)		35		35,292
5.80%, 12/01/27 (Call 11/01/27)		100		101,782
Washington Gas Light Co.
3.65%, 09/15/49 (Call 03/15/49)		144		106,124
Series K, 3.80%, 09/15/46 (Call 03/15/46)		115		84,841
				3,439,167
Hand & Machine Tools — 0.0%
Kennametal Inc., 4.63%, 06/15/28 (Call 03/15/28)		21		20,421
Regal Rexnord Corp.
6.30%, 02/15/30 (Call 12/15/29)(e)		35		35,612
6.40%, 04/15/33 (Call 01/15/33)(e)		75		76,971
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)		72		50,538
3.25%, 03/01/27 (Call 12/01/26)		60		57,445
4.10%, 03/01/48 (Call 09/01/47)		57		47,572
Stanley Black & Decker Inc.
4.00%, 03/15/60 (Call 03/15/25), (5-year CMT + 2.657%)(a)		427		380,108
4.25%, 11/15/28 (Call 08/15/28)		175		168,852
4.85%, 11/15/48 (Call 05/15/48)		50		43,265
				880,784
Health Care - Products — 0.2%
Abbott Laboratories
4.75%, 11/30/36 (Call 05/30/36)		55		53,851
4.75%, 04/15/43 (Call 10/15/42)		167		159,872
4.90%, 11/30/46 (Call 05/30/46)		415		400,045
5.30%, 05/27/40		25		25,520
6.00%, 04/01/39		190		210,822
6.15%, 11/30/37		205		227,170
Agilent Technologies Inc.
2.75%, 09/15/29 (Call 06/15/29)		477		426,779
3.05%, 09/22/26 (Call 06/22/26)		320		304,291
Baxter International Inc.
2.54%, 02/01/32 (Call 11/01/31)(b)		135		110,629
3.13%, 12/01/51 (Call 06/01/51)		312		202,910
3.50%, 08/15/46 (Call 02/15/46)		153		108,264
Boston Scientific Corp.
4.70%, 03/01/49 (Call 09/01/48)		74		67,752
6.50%, 11/15/35		2		2,207
7.38%, 01/15/40		115		135,073
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)		405		254,987
2.80%, 12/10/51 (Call 06/10/51)		560		362,880
4.38%, 09/15/45 (Call 03/15/45)		126		111,641
Dentsply Sirona Inc., 3.25%, 06/01/30 (Call 03/01/30)		325		283,252
DH Europe Finance II Sarl
3.25%, 11/15/39 (Call 05/15/39)		220		174,784
3.40%, 11/15/49 (Call 05/15/49)		477		355,372
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28)		1,049		1,018,043

52 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Products (continued)
GE HealthCare Technologies Inc., 6.38%, 11/22/52 (Call 05/22/52)	$	5	$	5,541
HCA Inc.
3.13%, 03/15/27 (Call 02/15/27)		75		70,485
3.63%, 03/15/32 (Call 12/15/31)		317		276,960
Medtronic Inc., 4.63%, 03/15/45		203		187,950
Revvity Inc.
2.25%, 09/15/31 (Call 06/15/31)		70		56,895
3.30%, 09/15/29 (Call 06/15/29)		258		232,262
3.63%, 03/15/51 (Call 09/15/50)		105		73,063
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)		135		110,721
STERIS Irish FinCo UnLtd Co.
2.70%, 03/15/31 (Call 12/15/30)		355		301,897
3.75%, 03/15/51 (Call 09/15/50)		410		302,908
Stryker Corp.
2.90%, 06/15/50 (Call 12/15/49)		145		98,588
4.10%, 04/01/43 (Call 10/01/42)		5		4,226
4.38%, 05/15/44 (Call 11/15/43)		114		100,346
4.63%, 03/15/46 (Call 09/15/45)		114		103,275
Thermo Fisher Scientific Inc.
4.10%, 08/15/47 (Call 02/15/47)		78		65,296
4.98%, 08/10/30 (Call 06/10/30)		65		65,009
5.09%, 08/10/33 (Call 05/10/33)		80		80,364
5.30%, 02/01/44 (Call 08/01/43)		178		178,039
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		535		447,509
4.45%, 08/15/45 (Call 02/15/45)		139		123,174
5.35%, 12/01/28 (Call 11/01/28)		125		126,291
5.75%, 11/30/39		75		74,570
				8,081,513
Health Care - Services — 0.7%
Aetna Inc.
3.88%, 08/15/47 (Call 02/15/47)		160		118,914
4.13%, 11/15/42 (Call 05/15/42)		185		147,799
4.50%, 05/15/42 (Call 11/15/41)		100		84,968
4.75%, 03/15/44 (Call 09/15/43)		124		107,037
6.63%, 06/15/36		181		197,090
6.75%, 12/15/37		149		162,804
Centene Corp.
2.50%, 03/01/31 (Call 12/01/30)		460		376,862
2.63%, 08/01/31 (Call 05/01/31)		580		474,661
3.00%, 10/15/30 (Call 07/15/30)		95		81,136
3.38%, 02/15/30 (Call 02/15/25)		905		798,435
4.63%, 12/15/29 (Call 12/15/24)		25		23,674
Elevance Health Inc.
2.55%, 03/15/31 (Call 12/15/30)		160		135,614
2.88%, 09/15/29 (Call 06/15/29)		166		148,854
3.13%, 05/15/50 (Call 11/15/49)		103		70,302
3.60%, 03/15/51 (Call 09/15/50)		210		156,331
3.65%, 12/01/27 (Call 09/01/27)		85		81,282
3.70%, 09/15/49 (Call 03/15/49)		195		147,695
4.10%, 03/01/28 (Call 12/01/27)		235		227,294
4.10%, 05/15/32 (Call 02/15/32)		220		202,770
4.38%, 12/01/47 (Call 06/01/47)		246		208,894
4.55%, 03/01/48 (Call 09/01/47)		327		284,771
4.55%, 05/15/52 (Call 11/15/51)		175		151,775
4.63%, 05/15/42		197		177,254
4.65%, 01/15/43		295		266,216
4.65%, 08/15/44 (Call 02/15/44)		87		77,325
4.75%, 02/15/33 (Call 11/15/32)		200		193,169

Security	Par (000)		Value
Health Care - Services (continued)
5.10%, 01/15/44	$	166	$	156,065
5.13%, 02/15/53 (Call 08/15/52)		170		160,917
5.35%, 10/15/25 (Call 09/15/25)		40		39,954
5.50%, 10/15/32 (Call 07/15/32)		355		361,586
5.85%, 01/15/36		60		62,636
5.95%, 12/15/34		105		110,308
6.38%, 06/15/37		49		52,844
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		20		16,263
3.50%, 09/01/30 (Call 03/01/30)		410		366,511
3.50%, 07/15/51 (Call 01/15/51)		324		218,704
4.13%, 06/15/29 (Call 03/15/29)		198		186,204
4.50%, 02/15/27 (Call 08/15/26)		599		586,560
4.63%, 03/15/52 (Call 09/15/51)		232		189,860
5.13%, 06/15/39 (Call 12/15/38)		194		180,360
5.20%, 06/01/28 (Call 05/01/28)		100		99,588
5.25%, 04/15/25		525		522,655
5.25%, 06/15/26 (Call 12/15/25)		631		627,137
5.25%, 06/15/49 (Call 12/15/48)		454		406,705
5.50%, 06/01/33 (Call 03/01/33)		225		223,451
5.50%, 06/15/47 (Call 12/15/46)		299		278,673
5.88%, 02/01/29 (Call 08/01/28)		335		340,958
5.90%, 06/01/53 (Call 12/01/52)		140		137,521
6.00%, 04/01/54 (Call 10/01/53)		275		272,940
6.10%, 04/01/64 (Call 10/01/63)		125		123,534
Humana Inc.
3.13%, 08/15/29 (Call 05/15/29)		130		117,437
3.95%, 08/15/49 (Call 02/15/49)		146		114,115
4.63%, 12/01/42 (Call 06/01/42)		222		192,698
4.80%, 03/15/47 (Call 09/15/46)		230		200,380
4.88%, 04/01/30 (Call 01/01/30)		169		166,282
4.95%, 10/01/44 (Call 04/01/44)		280		252,458
5.75%, 03/01/28 (Call 02/01/28)		60		61,128
5.75%, 12/01/28 (Call 11/01/28)		25		25,534
5.88%, 03/01/33 (Call 12/01/32)		70		71,822
5.95%, 03/15/34 (Call 12/15/33)		25		25,818
Laboratory Corp. of America Holdings
2.70%, 06/01/31 (Call 03/01/31)		260		222,032
2.95%, 12/01/29 (Call 09/01/29)		592		526,868
4.70%, 02/01/45 (Call 08/01/44)		304		271,275
Providence St Joseph Health Obligated Group, Series A, 3.93%, 10/01/48 (Call 04/01/48)		100		77,290
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)		555		473,689
2.95%, 06/30/30 (Call 03/30/30)		506		445,410
3.45%, 06/01/26 (Call 03/01/26)		935		899,558
3.50%, 03/30/25 (Call 12/30/24)		569		558,619
4.20%, 06/30/29 (Call 03/30/29)		331		318,168
4.70%, 03/30/45 (Call 09/30/44)(b)		250		220,807
6.40%, 11/30/33 (Call 08/30/33)(b)		65		69,512
UnitedHealth Group Inc.
2.75%, 05/15/40 (Call 11/15/39)		40		28,808
2.88%, 08/15/29		50		45,321
2.90%, 05/15/50 (Call 11/15/49)		110		73,005
2.95%, 10/15/27		65		61,025
3.13%, 05/15/60 (Call 11/15/59)		177		115,789
3.25%, 05/15/51 (Call 11/15/50)		235		165,473
3.50%, 08/15/39 (Call 02/15/39)		100		80,817
3.70%, 08/15/49 (Call 02/15/49)		186		143,134
3.75%, 10/15/47 (Call 04/15/47)		190		147,297
3.85%, 06/15/28		175		168,471

S C H E D U L E  O F  I N V E S T M E N T S 53

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
3.88%, 12/15/28	$	105	$	100,757
3.88%, 08/15/59 (Call 02/15/59)		213		162,104
3.95%, 10/15/42 (Call 04/15/42)		190		159,706
4.00%, 05/15/29 (Call 03/15/29)		65		62,463
4.20%, 05/15/32 (Call 02/15/32)		735		693,497
4.20%, 01/15/47 (Call 07/15/46)		194		164,005
4.25%, 01/15/29 (Call 12/15/28)		300		292,508
4.25%, 03/15/43 (Call 09/15/42)		110		95,892
4.25%, 04/15/47 (Call 10/15/46)		192		163,549
4.25%, 06/15/48 (Call 12/15/47)		230		193,591
4.38%, 03/15/42 (Call 09/15/41)		130		115,886
4.45%, 12/15/48 (Call 06/15/48)		229		200,277
4.50%, 04/15/33 (Call 01/15/33)		420		403,349
4.63%, 07/15/35		236		227,728
4.63%, 11/15/41 (Call 05/15/41)		116		105,886
4.75%, 07/15/45		347		320,824
4.75%, 05/15/52 (Call 11/15/51)		345		314,358
4.95%, 05/15/62 (Call 11/15/61)		190		174,630
5.05%, 04/15/53 (Call 10/15/52)		210		199,809
5.20%, 04/15/63 (Call 10/15/62)		215		204,958
5.25%, 02/15/28 (Call 01/15/28)		35		35,566
5.30%, 02/15/30 (Call 12/15/29)		5		5,094
5.35%, 02/15/33 (Call 11/15/32)		320		326,220
5.70%, 10/15/40 (Call 04/15/40)		169		175,453
5.80%, 03/15/36		170		179,726
5.88%, 02/15/53 (Call 08/15/52)		215		229,769
5.95%, 02/15/41 (Call 08/15/40)		105		110,683
6.05%, 02/15/63 (Call 08/15/62)		175		189,914
6.50%, 06/15/37		234		260,531
6.63%, 11/15/37		205		230,958
6.88%, 02/15/38		285		331,008
				23,595,599
Home Builders — 0.0%
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)(b)		15		12,675
3.97%, 08/06/61 (Call 02/06/61)		125		95,103
6.00%, 01/15/43 (Call 10/15/42)		175		174,389
PulteGroup Inc., 6.00%, 02/15/35		30		30,808
Toll Brothers Finance Corp., 4.35%, 02/15/28 (Call 11/15/27)		35		33,622
				346,597
Home Furnishings — 0.0%
Leggett & Platt Inc.
3.50%, 11/15/27 (Call 08/15/27)		212		197,835
3.50%, 11/15/51 (Call 05/15/51)		105		72,392
4.40%, 03/15/29 (Call 12/15/28)		285		270,013
Whirlpool Corp.
4.50%, 06/01/46 (Call 12/01/45)		122		98,086
4.60%, 05/15/50 (Call 11/15/49)(b)		78		62,802
5.50%, 03/01/33 (Call 12/01/32)(b)		300		297,450
5.75%, 03/01/34 (Call 12/01/33)		75		74,592
				1,073,170
Household Products & Wares — 0.1%
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)		250		202,969
5.75%, 03/15/33 (Call 12/15/32)		225		232,876
Church & Dwight Co. Inc.
3.95%, 08/01/47 (Call 02/01/47)		35		27,968
5.00%, 06/15/52 (Call 12/15/51)		85		80,172

Security	Par (000)		Value
Household Products & Wares (continued)
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)	$	525	$	433,694
3.10%, 10/01/27 (Call 07/01/27)		876		821,735
3.90%, 05/15/28 (Call 02/15/28)		369		354,629
Kimberly-Clark Corp.
2.00%, 11/02/31 (Call 08/02/31)		100		82,176
2.75%, 02/15/26		259		249,257
2.88%, 02/07/50 (Call 08/07/49)		185		126,366
3.05%, 08/15/25		170		165,301
3.10%, 03/26/30 (Call 12/26/29)		668		607,653
3.20%, 04/25/29 (Call 01/25/29)		325		301,550
3.20%, 07/30/46 (Call 01/30/46)		225		164,287
3.90%, 05/04/47 (Call 11/04/46)		205		166,067
3.95%, 11/01/28 (Call 08/01/28)		225		218,219
4.50%, 02/16/33 (Call 11/16/32)		130		127,085
5.30%, 03/01/41		130		130,017
6.63%, 08/01/37		275		316,815
				4,808,836
Insurance — 0.5%
ACE Capital Trust II, Series N, 9.70%, 04/01/30		72		84,576
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28), (6-mo. LIBOR US + 3.540%)(a)		330		316,115
Aflac Inc.
3.60%, 04/01/30 (Call 01/01/30)		119		110,309
4.00%, 10/15/46 (Call 04/15/46)		30		23,883
4.75%, 01/15/49 (Call 07/15/48)		57		51,577
Allstate Corp. (The)
5.35%, 06/01/33(b)		38		38,089
6.50%, 05/15/67 (Call 05/15/37), (3-mo. LIBOR US + 2.120%)(a)		20		20,134
American Financial Group Inc./OH
4.50%, 06/15/47 (Call 12/15/46)		37		30,260
5.25%, 04/02/30 (Call 01/02/30)		65		63,990
American International Group Inc.
3.88%, 01/15/35 (Call 07/15/34)		35		30,794
4.20%, 04/01/28 (Call 01/01/28)		90		87,410
4.50%, 07/16/44 (Call 01/16/44)		130		114,791
4.75%, 04/01/48 (Call 10/01/47)		306		279,494
4.80%, 07/10/45 (Call 01/10/45)		235		215,217
Series A-9, 5.75%, 04/01/48 (Call 04/01/28), (3-mo. LIBOR US + 2.868%)(a)		100		98,172
Aon Corp.
3.75%, 05/02/29 (Call 02/02/29)		70		65,666
4.50%, 12/15/28 (Call 09/15/28)		59		57,605
6.25%, 09/30/40		50		52,968
Aon Global Ltd., 4.75%, 05/15/45 (Call 11/15/44)		92		81,097
Arch Capital Finance LLC, 5.03%, 12/15/46 (Call 06/15/46)		106		97,452
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		95		69,983
7.35%, 05/01/34		52		58,337
Arch Capital Group U.S. Inc., 5.14%, 11/01/43		60		55,835
Arthur J Gallagher & Co., 3.05%, 03/09/52 (Call 09/09/51)		30		19,027
Assurant Inc.
3.70%, 02/22/30 (Call 11/22/29)		124		110,658
4.90%, 03/27/28 (Call 12/27/27)		119		116,561
Athene Holding Ltd.
4.13%, 01/12/28 (Call 10/12/27)		25		23,941
6.15%, 04/03/30 (Call 01/03/30)		86		88,503
AXA SA, 8.60%, 12/15/30		860		1,017,610

54 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
AXIS Specialty Finance LLC
3.90%, 07/15/29 (Call 04/15/29)	$	70	$	65,806
4.90%, 01/15/40 (Call 01/15/30), (5-year CMT + 3.186%)(a)		50		44,126
Berkshire Hathaway Finance Corp.
3.85%, 03/15/52 (Call 09/15/51)		135		107,014
4.20%, 08/15/48 (Call 02/15/48)		257		223,536
4.25%, 01/15/49 (Call 07/15/48)		289		254,230
Brighthouse Financial Inc., 4.70%, 06/22/47 (Call 12/22/46)		43		33,321
Brown & Brown Inc., 4.50%, 03/15/29 (Call 12/15/28)		10		9,677
Chubb Corp. (The), 6.00%, 05/11/37		10		10,732
Chubb INA Holdings Inc.
3.05%, 12/15/61 (Call 06/15/61)		10		6,639
4.35%, 11/03/45 (Call 05/03/45)		100		88,289
6.70%, 05/15/36(b)		50		56,858
CNO Financial Group Inc., 5.25%, 05/30/29 (Call 02/28/29)		186		180,576
Enstar Finance LLC, 5.50%, 01/15/42 (Call 01/15/27), (5-year CMT + 4.006%)(a)		70		63,670
Enstar Group Ltd., 4.95%, 06/01/29 (Call 03/01/29)		16		15,569
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)		465		448,009
5.00%, 04/20/48 (Call 10/20/47)		162		146,910
7.00%, 04/01/28		70		74,420
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		60		37,599
4.87%, 06/01/44		35		31,507
First American Financial Corp., 4.00%, 05/15/30 (Call 02/15/30)		190		169,298
Hartford Financial Services Group Inc. (The)
3.60%, 08/19/49 (Call 02/19/49)		194		145,995
4.30%, 04/15/43		75		64,042
4.40%, 03/15/48 (Call 09/15/47)		81		69,952
5.95%, 10/15/36		83		85,819
6.10%, 10/01/41		157		163,580
Jackson Financial Inc., 3.13%, 11/23/31 (Call 08/23/31)		5		4,140
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)		50		43,767
4.35%, 03/01/48 (Call 09/01/47)		124		96,033
6.30%, 10/09/37		52		53,344
7.00%, 06/15/40		165		179,914
Loews Corp., 6.00%, 02/01/35		30		31,823
Manulife Financial Corp.
4.06%, 02/24/32 (Call 02/24/27), (5-year USD ICE Swap + 1.647%)(a)		325		309,755
4.15%, 03/04/26		546		535,145
5.38%, 03/04/46		240		234,900
Markel Group Inc.
4.15%, 09/17/50 (Call 03/17/50)		75		59,211
5.00%, 05/20/49 (Call 11/20/48)		70		63,431
Marsh & McLennan Companies Inc.
3.50%, 03/10/25 (Call 12/10/24)		170		166,972
3.75%, 03/14/26 (Call 12/14/25)		224		218,538
4.20%, 03/01/48 (Call 09/01/47)		170		141,523
4.35%, 01/30/47 (Call 07/30/46)		217		184,088
4.38%, 03/15/29 (Call 12/15/28)		397		388,246
4.75%, 03/15/39 (Call 09/15/38)		130		122,390

Security	Par (000)		Value
Insurance (continued)
4.90%, 03/15/49 (Call 09/15/48)	$	462	$	427,210
5.45%, 03/15/53 (Call 09/15/52)		35		34,887
5.88%, 08/01/33		85		89,717
MetLife Inc.
4.05%, 03/01/45		243		200,646
4.13%, 08/13/42		185		156,434
4.55%, 03/23/30 (Call 12/23/29)(b)		276		270,102
4.60%, 05/13/46 (Call 11/13/45)		55		49,146
4.72%, 12/15/44		137		121,918
4.88%, 11/13/43		97		89,124
5.38%, 07/15/33 (Call 04/15/33)		25		25,136
5.70%, 06/15/35		110		113,861
5.88%, 02/06/41		15		15,656
6.38%, 06/15/34		135		145,426
6.40%, 12/15/66 (Call 12/15/31)		322		327,317
6.50%, 12/15/32		70		76,448
10.75%, 08/01/69 (Call 08/01/34)		65		88,475
Munich Re America Corp., Series B, 7.45%, 12/15/26		75		79,467
Principal Financial Group Inc.
3.10%, 11/15/26 (Call 08/15/26)		18		17,078
3.70%, 05/15/29 (Call 02/15/29)		97		90,483
4.30%, 11/15/46 (Call 05/15/46)		104		86,128
4.35%, 05/15/43		106		92,122
4.63%, 09/15/42		64		57,365
6.05%, 10/15/36		64		67,329
Progressive Corp. (The)
2.45%, 01/15/27		96		89,576
3.20%, 03/26/30 (Call 12/26/29)		225		203,265
3.70%, 01/26/45		39		31,548
3.95%, 03/26/50 (Call 09/26/49)		70		56,987
4.00%, 03/01/29 (Call 12/01/28)		69		66,371
4.13%, 04/15/47 (Call 10/15/46)		96		80,622
4.20%, 03/15/48 (Call 09/15/47)		203		174,504
4.35%, 04/25/44		115		101,786
4.95%, 06/15/33 (Call 03/15/33)		80		79,437
6.25%, 12/01/32		80		86,845
6.63%, 03/01/29		109		117,009
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		219		204,037
2.10%, 03/10/30 (Call 12/10/29)		50		42,756
3.00%, 03/10/40 (Call 09/10/39)		30		22,362
3.70%, 10/01/50 (Call 07/01/30), (5-year CMT + 3.035%)(a)		60		52,318
3.70%, 03/13/51 (Call 09/13/50)		385		292,300
3.88%, 03/27/28 (Call 12/27/27)		44		42,274
3.91%, 12/07/47 (Call 06/07/47)		244		192,608
3.94%, 12/07/49 (Call 06/07/49)		290		227,289
4.35%, 02/25/50 (Call 08/25/49)		240		202,931
4.42%, 03/27/48 (Call 09/27/47)		158		134,870
4.50%, 09/15/47 (Call 09/15/27), (3-mo. LIBOR US + 2.380%)(a)		175		163,842
4.60%, 05/15/44		262		233,236
5.13%, 03/01/52 (Call 11/28/31), (5-year CMT + 3.162%)(a)		150		140,156
5.38%, 05/15/45 (Call 05/15/25), (3-mo. LIBOR US + 3.031%)(a)		323		318,066
5.70%, 12/14/36		520		536,553
5.75%, 07/15/33		115		120,664
6.00%, 09/01/52 (Call 06/01/32), (5-year CMT + 3.234%)(a)		55		54,824

S C H E D U L E  O F  I N V E S T M E N T S 55

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
6.63%, 12/01/37	$	60	$	66,726
6.63%, 06/21/40		187		206,327
6.75%, 03/01/53 (Call 12/01/32), (5-year CMT + 2.848%)(a)		40		41,560
Prudential Funding Asia PLC
3.13%, 04/14/30		100		89,156
3.63%, 03/24/32 (Call 12/24/31)		230		205,577
Selective Insurance Group Inc., 5.38%, 03/01/49 (Call 09/01/48)		45		42,600
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31)		10		7,770
Transatlantic Holdings Inc., 8.00%, 11/30/39		10		12,777
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		105		65,361
3.75%, 05/15/46 (Call 11/15/45)		143		113,372
4.00%, 05/30/47 (Call 11/30/46)		257		211,930
4.05%, 03/07/48 (Call 09/07/47)		85		71,254
4.10%, 03/04/49 (Call 09/04/48)		170		142,880
4.30%, 08/25/45 (Call 02/25/45)		180		156,872
4.60%, 08/01/43		87		80,814
5.35%, 11/01/40		225		227,468
5.45%, 05/25/53 (Call 11/25/52)		80		81,606
6.25%, 06/15/37		242		265,932
6.75%, 06/20/36		149		169,885
Travelers Property Casualty Corp., 6.38%, 03/15/33		170		188,656
Unum Group
4.50%, 12/15/49 (Call 06/15/49)		35		27,741
5.75%, 08/15/42		100		97,087
Willis North America Inc.
3.88%, 09/15/49 (Call 03/15/49)		103		76,361
4.50%, 09/15/28 (Call 06/15/28)		99		95,529
5.05%, 09/15/48 (Call 03/15/48)		153		136,980
5.35%, 05/15/33 (Call 02/15/33)		80		78,748
XL Group Ltd., 5.25%, 12/15/43		524		489,466
				19,151,394
Internet — 0.1%
Alibaba Group Holding Ltd.
3.25%, 02/09/61 (Call 08/09/60)		205		129,350
4.00%, 12/06/37 (Call 06/06/37)		220		189,697
4.20%, 12/06/47 (Call 06/06/47)		145		117,937
4.40%, 12/06/57 (Call 06/06/57)		170		138,940
Alphabet Inc., 2.25%, 08/15/60 (Call 02/15/60)		129		74,059
Amazon.com Inc.
2.50%, 06/03/50 (Call 12/03/49)		325		203,871
2.70%, 06/03/60 (Call 12/03/59)		389		239,099
3.10%, 05/12/51 (Call 11/12/50)		440		309,235
3.25%, 05/12/61 (Call 11/12/60)		275		189,515
3.88%, 08/22/37 (Call 02/22/37)		30		26,817
3.95%, 04/13/52 (Call 10/13/51)		165		136,356
4.05%, 08/22/47 (Call 02/22/47)		397		339,528
4.10%, 04/13/62 (Call 10/13/61)		345		285,148
4.25%, 08/22/57 (Call 02/22/57)		381		326,872
4.70%, 12/01/32 (Call 09/01/32)		200		199,054
4.95%, 12/05/44 (Call 06/05/44)		229		225,920
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		94		89,451
3.60%, 06/01/26 (Call 03/01/26)		77		74,623
4.63%, 04/13/30 (Call 01/13/30)		130		127,749
eBay Inc.
1.90%, 03/11/25 (Call 02/11/25)		236		227,729

Security	Par (000)		Value
Internet (continued)
3.60%, 06/05/27 (Call 03/05/27)	$	224	$	213,933
3.65%, 05/10/51 (Call 11/10/50)		215		155,481
4.00%, 07/15/42 (Call 01/15/42)		252		199,919
JD.com Inc., 4.13%, 01/14/50 (Call 07/14/49)		200		155,871
Meta Platforms Inc.
4.45%, 08/15/52 (Call 02/15/52)		15		13,110
4.65%, 08/15/62 (Call 02/15/62)		10		8,820
VeriSign Inc., 2.70%, 06/15/31 (Call 03/15/31)		125		103,905
				4,501,989
Iron & Steel — 0.0%
Nucor Corp.
2.98%, 12/15/55 (Call 06/15/55)		350		225,026
4.40%, 05/01/48 (Call 11/01/47)		120		105,313
5.20%, 08/01/43 (Call 02/01/43)		142		138,718
6.40%, 12/01/37		115		125,771
Steel Dynamics Inc.
3.25%, 10/15/50 (Call 04/15/50)		60		39,295
3.45%, 04/15/30 (Call 01/15/30)		330		299,893
				934,016
Leisure Time — 0.0%
Harley-Davidson Inc.
3.50%, 07/28/25 (Call 04/28/25)		375		364,029
4.63%, 07/28/45 (Call 01/28/45)(b)		235		185,365
				549,394
Lodging — 0.0%
Choice Hotels International Inc.
3.70%, 12/01/29 (Call 09/01/29)		100		87,643
3.70%, 01/15/31 (Call 10/15/30)		117		100,528
Marriott International Inc./MD
Series AA, 4.65%, 12/01/28 (Call 09/01/28)(b)		190		186,070
Series FF, 4.63%, 06/15/30 (Call 03/15/30)		180		174,179
Series GG, 3.50%, 10/15/32 (Call 07/15/32)		180		157,000
Sands China Ltd., 3.10%, 03/08/29 (Call 01/08/29)		160		137,824
				843,244
Machinery — 0.4%
ABB Finance USA Inc., 3.80%, 04/03/28 (Call 01/03/28)		1,260		1,224,675
Caterpillar Financial Services Corp.
2.40%, 08/09/26(b)		320		301,715
4.35%, 05/15/26		200		197,554
4.85%, 02/27/29		50		50,042
5.05%, 02/27/26		50		50,021
Caterpillar Inc.
2.60%, 09/19/29 (Call 06/19/29)		226		203,453
3.25%, 09/19/49 (Call 03/19/49)		226		166,337
3.25%, 04/09/50 (Call 10/09/49)		177		130,844
4.30%, 05/15/44 (Call 11/15/43)		35		31,612
4.75%, 05/15/64 (Call 11/15/63)		82		74,149
5.20%, 05/27/41		132		133,366
5.30%, 09/15/35		29		30,358
6.05%, 08/15/36		91		99,686
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		890		813,786
1.88%, 01/15/26 (Call 12/15/25)		555		520,152
3.95%, 05/23/25		820		804,519
4.55%, 04/10/28 (Call 03/10/28)		455		445,159
5.45%, 10/14/25		130		130,012
5.50%, 01/12/29 (Call 12/12/28)		100		101,328
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)		1,007		966,217

56 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
Deere & Co.
3.10%, 04/15/30 (Call 01/15/30)	$	135	$	122,830
3.75%, 04/15/50 (Call 10/15/49)		130		106,422
7.13%, 03/03/31		5		5,709
Dover Corp., 5.38%, 03/01/41 (Call 12/01/40)		30		29,507
Flowserve Corp., 3.50%, 10/01/30 (Call 07/01/30)		85		74,770
IDEX Corp., 2.63%, 06/15/31 (Call 03/15/31)		55		46,355
John Deere Capital Corp.
1.75%, 03/09/27		114		104,233
2.25%, 09/14/26		290		271,474
2.65%, 06/10/26		370		352,646
2.80%, 09/08/27		128		119,776
2.80%, 07/18/29		155		140,892
3.05%, 01/06/28		129		121,704
4.15%, 09/15/27		50		49,001
4.35%, 09/15/32		100		96,720
4.70%, 06/10/30		95		94,240
4.75%, 06/08/26		120		119,641
4.75%, 01/20/28		30		29,972
4.80%, 01/09/26		35		34,910
4.85%, 10/11/29		50		50,262
4.95%, 07/14/28		25		25,143
nVent Finance Sarl, 5.65%, 05/15/33 (Call 02/15/33)		100		99,909
Oshkosh Corp.
3.10%, 03/01/30 (Call 12/01/29)		372		328,268
4.60%, 05/15/28 (Call 02/15/28)(b)		813		790,547
Rockwell Automation Inc.
2.80%, 08/15/61 (Call 02/15/61)		25		14,938
3.50%, 03/01/29 (Call 12/01/28)		399		380,195
4.20%, 03/01/49 (Call 09/01/48)		82		69,869
Westinghouse Air Brake Technologies Corp., 4.70%, 09/15/28 (Call 06/15/28)		99		96,572
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)		993		887,217
2.25%, 01/30/31 (Call 10/30/30)		1,250		1,047,265
3.25%, 11/01/26 (Call 08/01/26)		600		572,813
4.38%, 11/01/46 (Call 05/01/46)		160		135,363
				12,894,148
Machinery - Diversified — 0.0%
John Deere Capital Corp., 5.15%, 09/08/33(b)		25		25,431
Manufacturing — 0.3%
3M Co.
2.25%, 09/19/26 (Call 06/19/26)(b)		1,496		1,393,478
2.38%, 08/26/29 (Call 05/26/29)		904		784,196
2.65%, 04/15/25 (Call 03/15/25)		1,589		1,539,172
2.88%, 10/15/27 (Call 07/15/27)		1,085		1,004,673
3.00%, 08/07/25		1,315		1,274,018
3.05%, 04/15/30 (Call 01/15/30)(b)		235		208,463
3.38%, 03/01/29 (Call 12/01/28)		174		160,241
3.63%, 09/14/28 (Call 06/14/28)(b)		745		702,962
3.63%, 10/15/47 (Call 04/15/47)		169		122,321
3.70%, 04/15/50 (Call 10/15/49)		15		11,089
4.00%, 09/14/48 (Call 03/14/48)		232		187,105
5.70%, 03/15/37(b)		200		208,635
Carlisle Companies Inc., 2.75%, 03/01/30 (Call 12/01/29)		152		132,201
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)		112		105,850
3.92%, 09/15/47 (Call 03/15/47)		65		53,179

Security	Par (000)		Value
Manufacturing (continued)
4.00%, 11/02/32	$	137	$	128,360
4.15%, 03/15/33 (Call 12/15/32)		65		61,229
4.15%, 11/02/42		85		73,790
4.35%, 05/18/28 (Call 04/18/28)		40		39,393
4.70%, 08/23/52 (Call 02/23/52)		60		55,358
General Electric Co.
4.35%, 05/01/50 (Call 11/01/49)		5		4,401
6.75%, 03/15/32		155		172,126
Illinois Tool Works Inc.
3.90%, 09/01/42 (Call 03/01/42)		86		73,223
4.88%, 09/15/41 (Call 03/15/41)		40		38,649
Parker-Hannifin Corp.
3.25%, 06/14/29 (Call 03/14/29)		295		271,441
4.00%, 06/14/49 (Call 12/14/48)		113		92,200
4.10%, 03/01/47 (Call 09/01/46)		76		62,408
4.20%, 11/21/34 (Call 05/21/34)		120		110,494
4.45%, 11/21/44 (Call 05/21/44)		103		90,353
6.25%, 05/15/38		40		43,010
Pentair Finance Sarl
4.50%, 07/01/29 (Call 04/01/29)		460		443,649
5.90%, 07/15/32 (Call 04/15/32)		380		389,913
Teledyne Technologies Inc., 2.75%, 04/01/31 (Call 01/01/31)		535		453,962
Textron Inc.
3.00%, 06/01/30 (Call 03/01/30)		71		62,307
3.38%, 03/01/28 (Call 12/01/27)		95		89,045
3.90%, 09/17/29 (Call 06/17/29)		117		109,227
				10,752,121
Media — 0.5%
Charter Communications Operating LLC/Charter Communications Operating Capital
3.70%, 04/01/51 (Call 10/01/50)		137		82,966
3.85%, 04/01/61 (Call 10/01/60)		325		188,334
3.90%, 06/01/52 (Call 12/01/51)		449		281,757
3.95%, 06/30/62 (Call 12/30/61)		225		132,281
4.40%, 04/01/33 (Call 01/01/33)(b)		95		82,967
4.40%, 12/01/61 (Call 06/01/61)		255		163,645
4.80%, 03/01/50 (Call 09/01/49)		285		205,912
5.13%, 07/01/49 (Call 01/01/49)		249		188,564
5.25%, 04/01/53 (Call 10/01/52)(b)		139		107,851
5.38%, 04/01/38 (Call 10/01/37)		110		94,392
5.38%, 05/01/47 (Call 11/01/46)		274		215,587
5.50%, 04/01/63 (Call 10/01/62)		185		142,124
5.75%, 04/01/48 (Call 10/01/47)		292		242,659
6.38%, 10/23/35 (Call 04/23/35)		305		294,677
6.48%, 10/23/45 (Call 04/23/45)		415		379,012
6.83%, 10/23/55 (Call 04/23/55)		230		217,543
Comcast Corp.
2.45%, 08/15/52 (Call 02/15/52)		192		110,166
2.65%, 08/15/62 (Call 02/15/62)		169		94,221
2.80%, 01/15/51 (Call 07/15/50)		133		83,085
2.89%, 11/01/51 (Call 05/01/51)		392		248,324
2.94%, 11/01/56 (Call 05/01/56)		717		441,486
2.99%, 11/01/63 (Call 05/01/63)		859		514,010
3.40%, 07/15/46 (Call 01/15/46)		110		80,692
3.45%, 02/01/50 (Call 08/01/49)		305		219,031
3.75%, 04/01/40 (Call 10/01/39)		235		192,056
3.90%, 03/01/38 (Call 09/01/37)		281		241,127
3.97%, 11/01/47 (Call 05/01/47)		338		268,094
4.00%, 08/15/47 (Call 02/15/47)		204		163,196
4.00%, 03/01/48 (Call 09/01/47)		288		228,335

S C H E D U L E  O F  I N V E S T M E N T S 57

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
4.00%, 11/01/49 (Call 05/01/49)	$	286	$	226,190
4.05%, 11/01/52 (Call 05/01/52)		379		298,927
4.60%, 10/15/38 (Call 04/15/38)		150		138,018
4.60%, 08/15/45 (Call 02/15/45)		141		124,645
4.65%, 02/15/33 (Call 11/15/32)(b)		275		266,994
4.65%, 07/15/42		234		210,776
4.70%, 10/15/48 (Call 04/15/48)		160		144,439
4.75%, 03/01/44		39		35,374
4.80%, 05/15/33 (Call 02/15/33)		50		48,856
4.95%, 10/15/58 (Call 04/15/58)		170		156,986
5.35%, 05/15/53 (Call 11/15/52)		100		97,529
5.50%, 05/15/64 (Call 11/15/63)		70		68,749
5.65%, 06/15/35		48		49,309
6.45%, 03/15/37		30		32,859
6.50%, 11/15/35		358		390,455
6.55%, 07/01/39		45		49,461
6.95%, 08/15/37		130		148,197
Discovery Communications LLC
4.00%, 09/15/55 (Call 03/15/55)		242		160,193
4.65%, 05/15/50 (Call 11/15/49)		288		218,656
4.88%, 04/01/43		95		76,054
5.00%, 09/20/37 (Call 03/20/37)		212		181,408
5.20%, 09/20/47 (Call 03/20/47)		247		200,910
5.30%, 05/15/49 (Call 11/15/48)		78		63,615
6.35%, 06/01/40		60		57,679
FactSet Research Systems Inc., 3.45%, 03/01/32 (Call 12/01/31)		215		186,905
Fox Corp.
5.48%, 01/25/39 (Call 07/25/38)		205		191,575
5.58%, 01/25/49 (Call 07/25/48)		399		364,863
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		230		192,529
6.63%, 01/15/40		215		220,897
NBCUniversal Media LLC
4.45%, 01/15/43		241		210,616
6.40%, 04/30/40		40		43,380
Paramount Global
3.38%, 02/15/28 (Call 11/15/27)		32		28,011
3.70%, 06/01/28 (Call 03/01/28)		65		56,674
4.20%, 06/01/29 (Call 03/01/29)		120		105,669
4.38%, 03/15/43		202		135,311
4.60%, 01/15/45 (Call 07/15/44)		101		69,160
4.85%, 07/01/42 (Call 01/01/42)		30		21,594
4.90%, 08/15/44 (Call 02/15/44)		172		120,736
4.95%, 01/15/31 (Call 10/15/30)(b)		180		157,618
4.95%, 05/19/50 (Call 11/19/49)		245		175,499
5.25%, 04/01/44 (Call 10/01/43)		128		94,357
5.50%, 05/15/33		62		53,677
5.85%, 09/01/43 (Call 03/01/43)		270		218,423
5.90%, 10/15/40 (Call 04/15/40)(b)		77		62,398
6.88%, 04/30/36		207		189,916
7.88%, 07/30/30		65		66,358
Thomson Reuters Corp.
5.50%, 08/15/35		70		71,058
5.85%, 04/15/40		85		86,286
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		137		151,932
Time Warner Cable LLC
5.50%, 09/01/41 (Call 03/01/41)		182		149,962
5.88%, 11/15/40 (Call 05/15/40)		124		106,608
6.55%, 05/01/37		170		159,591

Security	Par (000)		Value
Media (continued)
6.75%, 06/15/39	$	287	$	270,333
7.30%, 07/01/38		175		174,370
TWDC Enterprises 18 Corp.
3.00%, 07/30/46		185		129,129
3.70%, 12/01/42		100		81,161
4.13%, 06/01/44		141		120,173
4.38%, 08/16/41		105		92,804
Series E, 4.13%, 12/01/41		135		116,172
Walt Disney Co. (The)
2.75%, 09/01/49 (Call 03/01/49)		440		283,806
3.50%, 05/13/40 (Call 11/13/39)		51		40,941
3.60%, 01/13/51 (Call 07/13/50)		550		417,464
3.80%, 05/13/60 (Call 11/13/59)		316		239,597
4.63%, 03/23/40 (Call 09/23/39)		212		198,217
4.70%, 03/23/50 (Call 09/23/49)(b)		266		243,351
4.75%, 09/15/44 (Call 03/15/44)		65		59,732
4.75%, 11/15/46 (Call 05/15/46)		255		231,169
4.95%, 10/15/45 (Call 04/15/45)		42		39,315
5.40%, 10/01/43		152		152,789
6.15%, 03/01/37		40		43,207
6.15%, 02/15/41(b)		49		52,892
6.20%, 12/15/34		90		98,229
6.40%, 12/15/35		69		75,847
6.65%, 11/15/37		315		356,225
7.75%, 12/01/45		250		319,913
				16,878,812
Metal Fabricate & Hardware — 0.0%
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28)		64		62,121
Valmont Industries Inc.
5.00%, 10/01/44 (Call 04/01/44)		104		90,594
5.25%, 10/01/54 (Call 04/01/54)		115		98,984
				251,699
Mining — 0.1%
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30 (Call 07/01/30)		500		432,749
Freeport-McMoRan Inc.
4.63%, 08/01/30 (Call 08/01/25)		200		190,683
5.40%, 11/14/34 (Call 05/14/34)		15		14,566
5.45%, 03/15/43 (Call 09/15/42)		55		51,236
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27)		834		810,523
Newmont Corp.
2.60%, 07/15/32 (Call 04/15/32)		35		28,789
2.80%, 10/01/29 (Call 07/01/29)		135		119,868
4.88%, 03/15/42 (Call 09/15/41)		465		427,197
5.45%, 06/09/44 (Call 12/09/43)		105		102,541
6.25%, 10/01/39		223		235,821
Rio Tinto Finance USA Ltd., 5.20%, 11/02/40		190		186,883
Rio Tinto Finance USA PLC
4.75%, 03/22/42 (Call 09/22/41)		90		84,361
5.00%, 03/09/33 (Call 12/09/32)(b)		125		124,837
5.13%, 03/09/53 (Call 09/09/52)		220		211,406
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31)		75		61,859
				3,083,319
Multi-National — 0.0%
International Bank for Reconstruction & Development, 5.06%, 02/28/39		90		89,155

58 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Office & Business Equipment — 0.0%
CDW LLC/CDW Finance Corp.
3.25%, 02/15/29 (Call 04/01/24)	$	175	$	155,992
3.57%, 12/01/31 (Call 09/01/31)		260		225,466
4.25%, 04/01/28 (Call 04/01/24)		310		295,156
				676,614
Oil & Gas — 0.7%
Apache Corp.
5.10%, 09/01/40 (Call 03/01/40)		70		58,583
5.25%, 02/01/42 (Call 08/01/41)		20		16,605
6.00%, 01/15/37		100		97,201
BP Capital Markets America Inc.
2.77%, 11/10/50 (Call 05/10/50)		352		223,569
2.94%, 06/04/51 (Call 12/04/50)		320		210,326
3.00%, 02/24/50 (Call 08/24/49)		325		217,446
3.00%, 03/17/52 (Call 09/17/51)		160		106,182
3.02%, 01/16/27 (Call 10/16/26)		60		57,001
3.38%, 02/08/61 (Call 08/08/60)		100		67,304
3.41%, 02/11/26 (Call 12/11/25)		10		9,698
3.54%, 04/06/27 (Call 02/06/27)		95		91,124
3.59%, 04/14/27 (Call 01/14/27)		133		127,834
3.63%, 04/06/30 (Call 01/06/30)		131		122,077
3.94%, 09/21/28 (Call 06/21/28)		20		19,205
4.23%, 11/06/28 (Call 08/06/28)		208		202,413
4.81%, 02/13/33 (Call 11/13/32)		105		102,446
4.89%, 09/11/33 (Call 06/11/33)		85		83,376
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)		140		132,550
3.72%, 11/28/28 (Call 08/28/28)		110		104,437
Burlington Resources LLC
5.95%, 10/15/36		65		68,382
7.20%, 08/15/31		132		148,943
7.40%, 12/01/31		177		202,328
Chevron Corp., 3.08%, 05/11/50 (Call 11/11/49)		359		253,256
Chevron USA Inc., 5.25%, 11/15/43 (Call 05/15/43)		75		75,610
CNOOC Finance 2014 ULC, 4.88%, 04/30/44		200		192,713
CNOOC Petroleum North America ULC, 6.40%, 05/15/37		5		5,561
ConocoPhillips Co.
3.76%, 03/15/42 (Call 09/15/41)		257		208,190
3.80%, 03/15/52 (Call 09/15/51)		25		19,163
4.03%, 03/15/62 (Call 09/15/61)		645		499,656
4.30%, 11/15/44 (Call 05/15/44)		144		123,742
5.05%, 09/15/33 (Call 06/15/33)		160		159,466
5.30%, 05/15/53 (Call 11/15/52)		120		117,427
5.55%, 03/15/54 (Call 09/15/53)		130		131,449
5.70%, 09/15/63 (Call 03/15/63)		105		107,267
5.90%, 10/15/32		182		194,715
5.90%, 05/15/38		5		5,242
6.50%, 02/01/39		70		78,804
6.95%, 04/15/29		210		230,189
Devon Energy Corp.
4.75%, 05/15/42 (Call 11/15/41)		99		83,797
5.00%, 06/15/45 (Call 12/15/44)		212		182,854
5.60%, 07/15/41 (Call 01/15/41)		230		216,726
7.88%, 09/30/31		30		34,145
Diamondback Energy Inc.
3.50%, 12/01/29 (Call 09/01/29)		328		301,083
4.25%, 03/15/52 (Call 09/15/51)		50		39,673
4.40%, 03/24/51 (Call 09/24/50)		93		75,068
6.25%, 03/15/53 (Call 09/15/52)		100		105,793

Security	Par (000)		Value
Oil & Gas (continued)
Eni USA Inc., 7.30%, 11/15/27	$	285	$	302,440
EOG Resources Inc.
3.90%, 04/01/35 (Call 10/01/34)		110		98,599
4.38%, 04/15/30 (Call 01/15/30)		208		201,709
4.95%, 04/15/50 (Call 10/15/49)		167		155,685
EQT Corp.
3.90%, 10/01/27 (Call 07/01/27)		100		94,730
5.00%, 01/15/29 (Call 07/15/28)		85		82,942
5.75%, 02/01/34 (Call 11/01/33)(b)		125		122,950
7.00%, 02/01/30 (Call 11/01/29)		470		497,840
Equinor ASA
2.38%, 05/22/30 (Call 02/22/30)		305		265,086
2.88%, 04/06/25 (Call 03/06/25)		460		449,157
3.00%, 04/06/27 (Call 02/06/27)		255		241,177
3.13%, 04/06/30 (Call 01/06/30)		380		346,462
3.25%, 11/18/49 (Call 05/18/49)		165		118,396
3.63%, 09/10/28 (Call 06/10/28)		194		185,536
3.70%, 04/06/50 (Call 10/06/49)		405		315,473
3.95%, 05/15/43		112		93,546
4.25%, 11/23/41		192		170,057
4.80%, 11/08/43		150		141,168
5.10%, 08/17/40		300		295,207
7.25%, 09/23/27		225		242,265
Exxon Mobil Corp.
2.44%, 08/16/29 (Call 05/16/29)		130		116,118
2.61%, 10/15/30 (Call 07/15/30)		259		227,146
3.10%, 08/16/49 (Call 02/16/49)		151		105,538
3.45%, 04/15/51 (Call 10/15/50)		301		223,145
3.48%, 03/19/30 (Call 12/19/29)		289		269,626
3.57%, 03/06/45 (Call 09/06/44)		127		98,956
4.11%, 03/01/46 (Call 09/01/45)		259		219,517
4.23%, 03/19/40 (Call 09/19/39)		431		386,505
4.33%, 03/19/50 (Call 09/19/49)		362		315,455
Hess Corp.
4.30%, 04/01/27 (Call 01/01/27)		570		555,166
5.60%, 02/15/41		184		185,399
6.00%, 01/15/40		277		289,190
7.13%, 03/15/33		315		353,225
7.30%, 08/15/31		403		452,734
7.88%, 10/01/29		150		168,196
Marathon Oil Corp.
4.40%, 07/15/27 (Call 04/15/27)		405		393,296
6.60%, 10/01/37		276		287,941
6.80%, 03/15/32		236		251,546
Marathon Petroleum Corp.
3.80%, 04/01/28 (Call 01/01/28)		155		147,567
4.50%, 04/01/48 (Call 10/01/47)		110		90,494
4.70%, 05/01/25 (Call 04/01/25)		71		70,312
4.75%, 09/15/44 (Call 03/15/44)		174		151,839
5.00%, 09/15/54 (Call 03/15/54)		126		108,276
5.13%, 12/15/26 (Call 09/15/26)		155		154,740
6.50%, 03/01/41 (Call 09/01/40)		113		119,937
Occidental Petroleum Corp.
4.40%, 04/15/46 (Call 10/15/45)		155		124,364
6.20%, 03/15/40		60		60,902
6.45%, 09/15/36		20		21,086
6.60%, 03/15/46 (Call 09/15/45)(b)		240		254,975
6.63%, 09/01/30 (Call 03/01/30)		40		42,093
7.50%, 05/01/31		50		55,233
7.88%, 09/15/31		50		56,296
7.95%, 06/15/39		30		34,958

S C H E D U L E  O F  I N V E S T M E N T S 59

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
Ovintiv Inc.
5.38%, 01/01/26 (Call 10/01/25)	$	135	$	134,227
5.65%, 05/15/25		175		175,022
5.65%, 05/15/28 (Call 04/15/28)		170		171,495
6.25%, 07/15/33 (Call 04/15/33)		160		164,509
6.50%, 08/15/34		260		272,353
6.50%, 02/01/38		167		170,984
6.63%, 08/15/37		195		201,234
7.10%, 07/15/53 (Call 01/15/53)		100		108,994
7.20%, 11/01/31		375		404,716
7.38%, 11/01/31		547		596,183
8.13%, 09/15/30		130		145,868
Phillips 66
3.30%, 03/15/52 (Call 09/15/51)		290		198,335
3.90%, 03/15/28 (Call 12/15/27)		210		202,045
4.65%, 11/15/34 (Call 05/15/34)		229		214,927
4.88%, 11/15/44 (Call 05/15/44)		330		301,217
5.88%, 05/01/42		72		74,212
Phillips 66 Co.
4.68%, 02/15/45 (Call 08/15/44)		2		1,745
4.90%, 10/01/46 (Call 04/01/46)		25		22,356
5.25%, 06/15/31 (Call 04/15/31)		50		49,878
5.30%, 06/30/33 (Call 03/30/33)		190		188,516
5.65%, 06/15/54 (Call 12/15/53)		75		74,356
Shell International Finance BV
3.00%, 11/26/51 (Call 05/26/51)		475		318,343
3.13%, 11/07/49 (Call 05/07/49)		95		66,056
3.25%, 04/06/50 (Call 10/06/49)		660		469,104
3.75%, 09/12/46		175		137,879
4.00%, 05/10/46		570		467,979
4.13%, 05/11/35		465		429,781
4.38%, 05/11/45		180		157,253
4.55%, 08/12/43		5		4,540
6.38%, 12/15/38		400		444,617
TotalEnergies Capital International SA
2.83%, 01/10/30 (Call 10/10/29)		250		224,571
2.99%, 06/29/41 (Call 12/29/40)		225		167,024
3.13%, 05/29/50 (Call 11/29/49)		463		322,015
3.39%, 06/29/60 (Call 12/29/59)		545		376,688
3.46%, 02/19/29 (Call 11/19/28)		330		309,970
3.46%, 07/12/49 (Call 01/12/49)		215		160,565
TotalEnergies Capital SA, 3.88%, 10/11/28		330		317,844
Valero Energy Corp.
3.65%, 12/01/51 (Call 06/01/51)		380		267,454
4.00%, 06/01/52 (Call 12/01/51)		45		33,836
4.35%, 06/01/28 (Call 03/01/28)		188		183,039
4.90%, 03/15/45		71		64,153
6.63%, 06/15/37		365		390,895
7.50%, 04/15/32		136		154,707
				26,064,300
Oil & Gas Services — 0.1%
Baker Hughes Holdings LLC, 5.13%, 09/15/40		466		451,943
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
2.06%, 12/15/26 (Call 11/15/26)		45		41,520
3.14%, 11/07/29 (Call 08/07/29)		427		389,449
3.34%, 12/15/27 (Call 09/15/27)		1,041		981,659
4.08%, 12/15/47 (Call 06/15/47)		142		114,326
Halliburton Co.
2.92%, 03/01/30 (Call 12/01/29)		278		246,901
3.80%, 11/15/25 (Call 08/15/25)		104		101,606

Security	Par (000)		Value
Oil & Gas Services (continued)
4.50%, 11/15/41 (Call 05/15/41)	$	85	$	75,001
4.75%, 08/01/43 (Call 02/01/43)		195		175,883
4.85%, 11/15/35 (Call 05/15/35)		415		399,280
5.00%, 11/15/45 (Call 05/15/45)		294		273,499
6.70%, 09/15/38		183		204,911
7.45%, 09/15/39		184		220,989
NOV Inc.
3.60%, 12/01/29 (Call 09/01/29)		321		292,811
3.95%, 12/01/42 (Call 06/01/42)		125		93,151
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)		355		311,978
4.50%, 05/15/28 (Call 04/15/28)		100		99,045
4.85%, 05/15/33 (Call 02/15/33)(b)		85		84,116
				4,558,068
Packaging & Containers — 0.0%
Amcor Finance USA Inc.
3.63%, 04/28/26 (Call 01/28/26)		532		512,278
4.50%, 05/15/28 (Call 02/15/28)		181		176,009
5.63%, 05/26/33 (Call 02/26/33)(b)		190		192,977
Amcor Flexibles North America Inc.
2.63%, 06/19/30 (Call 03/19/30)		260		221,814
2.69%, 05/25/31 (Call 02/25/31)		40		33,683
4.00%, 05/17/25 (Call 04/17/25)		100		98,075
Packaging Corp. of America
3.05%, 10/01/51 (Call 04/01/51)		5		3,332
4.05%, 12/15/49 (Call 06/15/49)		57		45,010
WestRock MWV LLC, 8.20%, 01/15/30		55		62,536
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)		30		25,283
4.20%, 06/01/32 (Call 03/01/32)		10		9,396
				1,380,393
Pharmaceuticals — 1.1%
AbbVie Inc.
4.05%, 11/21/39 (Call 05/21/39)		523		459,044
4.25%, 11/14/28 (Call 08/14/28)		70		68,379
4.25%, 11/21/49 (Call 05/21/49)		594		511,406
4.30%, 05/14/36 (Call 11/14/35)		263		244,833
4.40%, 11/06/42		312		279,097
4.45%, 05/14/46 (Call 11/14/45)		435		384,438
4.50%, 05/14/35 (Call 11/14/34)		725		692,011
4.63%, 10/01/42 (Call 04/01/42)		112		102,480
4.70%, 05/14/45 (Call 11/14/44)		308		284,008
4.88%, 11/14/48 (Call 05/14/48)		288		272,103
Astrazeneca Finance LLC
4.88%, 03/03/28 (Call 02/03/28)		100		99,907
4.88%, 03/03/33 (Call 12/03/32)		185		184,180
4.90%, 03/03/30 (Call 01/03/30)		100		100,173
5.00%, 02/26/34 (Call 11/26/33)		75		75,278
AstraZeneca PLC
3.13%, 06/12/27 (Call 03/12/27)		390		370,497
3.38%, 11/16/25		1,052		1,023,185
4.00%, 01/17/29 (Call 10/17/28)		54		52,132
4.00%, 09/18/42		314		268,393
4.38%, 11/16/45		320		282,876
4.38%, 08/17/48 (Call 02/17/48)		124		110,100
6.45%, 09/15/37		645		726,340
Becton Dickinson and Co.
3.70%, 06/06/27 (Call 03/06/27)		270		258,893
3.79%, 05/20/50 (Call 11/20/49)		74		57,174
4.67%, 06/06/47 (Call 12/06/46)		242		214,325

60 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
4.69%, 12/15/44 (Call 06/15/44)	$	138	$	123,826
Bristol-Myers Squibb Co.
2.55%, 11/13/50 (Call 05/13/50)		145		87,892
2.95%, 03/15/32 (Call 12/15/31)		10		8,640
3.25%, 02/27/27		80		76,775
3.25%, 08/01/42		153		115,578
3.55%, 03/15/42 (Call 09/15/41)		10		7,884
3.70%, 03/15/52 (Call 09/15/51)		285		215,433
3.90%, 03/15/62 (Call 09/15/61)		325		242,342
4.25%, 10/26/49 (Call 04/26/49)		438		366,648
4.35%, 11/15/47 (Call 05/15/47)		308		261,605
4.50%, 03/01/44 (Call 09/01/43)		20		17,877
4.55%, 02/20/48 (Call 08/20/47)		445		391,441
5.00%, 08/15/45 (Call 02/15/45)		160		152,292
5.65%, 02/22/64 (Call 08/22/63)		325		328,094
6.25%, 11/15/53 (Call 05/15/53)		95		105,410
6.40%, 11/15/63 (Call 05/15/63)		95		105,961
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		100		94,768
3.75%, 09/15/25 (Call 06/15/25)		5		4,877
4.37%, 06/15/47 (Call 12/15/46)		232		190,334
4.50%, 11/15/44 (Call 05/15/44)		96		80,960
4.60%, 03/15/43		70		60,178
4.90%, 09/15/45 (Call 03/15/45)		175		154,760
5.13%, 02/15/29 (Call 01/15/29)		100		99,601
5.45%, 02/15/34 (Call 11/15/33)		60		60,020
Cencora Inc.
3.45%, 12/15/27 (Call 09/15/27)		375		354,787
4.25%, 03/01/45 (Call 09/01/44)		157		136,457
4.30%, 12/15/47 (Call 06/15/47)		229		194,622
Cigna Group (The)
2.40%, 03/15/30 (Call 12/15/29)		505		432,932
3.20%, 03/15/40 (Call 09/15/39)		160		119,493
3.40%, 03/15/50 (Call 09/15/49)		354		246,352
3.40%, 03/15/51 (Call 09/15/50)		125		86,925
3.88%, 10/15/47 (Call 04/15/47)		316		242,815
4.38%, 10/15/28 (Call 07/15/28)		796		773,042
4.80%, 08/15/38 (Call 02/15/38)		613		568,509
4.80%, 07/15/46 (Call 01/16/46)		295		263,665
4.90%, 12/15/48 (Call 06/15/48)		365		327,909
5.00%, 05/15/29 (Call 04/15/29)		125		124,103
5.13%, 05/15/31 (Call 03/15/31)		125		123,581
5.25%, 02/15/34 (Call 11/15/33)		125		123,471
5.40%, 03/15/33 (Call 12/15/32)		165		165,989
5.60%, 02/15/54 (Call 08/15/53)		150		147,693
6.13%, 11/15/41		159		168,122
CVS Health Corp.
3.25%, 08/15/29 (Call 05/15/29)		20		18,196
3.63%, 04/01/27 (Call 02/01/27)		50		47,934
3.75%, 04/01/30 (Call 01/01/30)		25		23,068
4.13%, 04/01/40 (Call 10/01/39)		85		69,781
4.25%, 04/01/50 (Call 10/01/49)		388		309,907
4.30%, 03/25/28 (Call 12/25/27)		623		604,854
4.78%, 03/25/38 (Call 09/25/37)		862		784,218
4.88%, 07/20/35 (Call 01/20/35)		282		268,971
5.05%, 03/25/48 (Call 09/25/47)		1,191		1,064,097
5.13%, 07/20/45 (Call 01/20/45)		430		391,485
5.25%, 02/21/33 (Call 11/21/32)		215		212,877
5.30%, 12/05/43 (Call 06/05/43)		185		171,884
5.63%, 02/21/53 (Call 08/21/52)		330		316,818
5.88%, 06/01/53 (Call 12/01/52)		220		219,222

Security	Par (000)		Value
Pharmaceuticals (continued)
6.00%, 06/01/63 (Call 12/01/62)	$	230	$	230,339
6.13%, 09/15/39		85		87,300
6.25%, 06/01/27		40		41,412
Eli Lilly & Co.
2.50%, 09/15/60 (Call 03/15/60)		30		17,454
3.10%, 05/15/27 (Call 02/15/27)		415		394,844
3.70%, 03/01/45 (Call 09/01/44)		130		107,403
3.95%, 03/15/49 (Call 09/15/48)		35		29,348
4.15%, 03/15/59 (Call 09/15/58)		425		357,357
4.70%, 02/27/33 (Call 11/27/32)		95		94,201
4.88%, 02/27/53 (Call 08/27/52)		120		116,319
4.95%, 02/27/63 (Call 08/27/62)		40		38,498
5.50%, 03/15/27		155		158,610
5.55%, 03/15/37		170		179,260
GlaxoSmithKline Capital Inc.
3.63%, 05/15/25		545		535,490
3.88%, 05/15/28		459		443,808
4.20%, 03/18/43		115		101,043
6.38%, 05/15/38		316		354,301
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29)		279		261,804
Johnson & Johnson
2.45%, 09/01/60 (Call 03/01/60)		105		61,832
3.40%, 01/15/38 (Call 07/15/37)		181		153,557
3.50%, 01/15/48 (Call 07/15/47)		342		269,199
3.55%, 03/01/36 (Call 09/01/35)		25		22,097
3.70%, 03/01/46 (Call 09/01/45)		340		278,567
3.75%, 03/03/47 (Call 09/03/46)		205		168,544
4.50%, 12/05/43 (Call 06/05/43)		168		158,074
4.85%, 05/15/41		82		81,195
5.85%, 07/15/38		245		269,214
5.95%, 08/15/37		167		184,100
McKesson Corp., 5.10%, 07/15/33 (Call 04/15/33)		420		418,375
Mead Johnson Nutrition Co.
4.13%, 11/15/25 (Call 08/15/25)		635		623,013
4.60%, 06/01/44 (Call 12/01/43)		132		119,435
5.90%, 11/01/39		218		227,409
Merck & Co. Inc.
1.70%, 06/10/27 (Call 05/10/27)		110		99,624
1.90%, 12/10/28 (Call 10/10/28)		75		66,206
2.15%, 12/10/31 (Call 09/10/31)		100		82,932
2.45%, 06/24/50 (Call 12/24/49)		165		101,273
2.75%, 12/10/51 (Call 06/10/51)		295		191,259
2.90%, 12/10/61 (Call 06/10/61)		435		269,432
3.40%, 03/07/29 (Call 12/07/28)		385		361,599
3.60%, 09/15/42 (Call 03/15/42)		100		80,940
3.70%, 02/10/45 (Call 08/10/44)		335		270,848
3.90%, 03/07/39 (Call 09/07/38)		180		157,330
4.00%, 03/07/49 (Call 09/07/48)		186		154,897
4.05%, 05/17/28 (Call 04/17/28)		90		88,160
4.15%, 05/18/43		285		248,766
4.30%, 05/17/30 (Call 03/17/30)		180		175,165
4.50%, 05/17/33 (Call 02/17/33)		255		248,039
4.90%, 05/17/44 (Call 11/17/43)		120		115,200
5.00%, 05/17/53 (Call 11/17/52)		100		96,930
5.15%, 05/17/63 (Call 11/17/62)		135		131,990
6.50%, 12/01/33		236		266,030
6.55%, 09/15/37		32		35,909
Merck Sharp & Dohme Corp.
5.75%, 11/15/36		87		92,975
5.95%, 12/01/28		125		131,133

S C H E D U L E  O F  I N V E S T M E N T S 61

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
Novartis Capital Corp.
2.75%, 08/14/50 (Call 02/14/50)	$	95	$	63,301
4.00%, 11/20/45 (Call 05/20/45)		45		38,260
Pfizer Inc.
2.70%, 05/28/50 (Call 11/28/49)		125		82,293
4.00%, 03/15/49 (Call 09/15/48)(b)		175		144,503
4.10%, 09/15/38 (Call 03/15/38)		125		111,074
4.13%, 12/15/46		25		20,965
4.20%, 09/15/48 (Call 03/15/48)		280		237,973
7.20%, 03/15/39		140		166,360
Pfizer Investment Enterprises Pte Ltd.
4.45%, 05/19/26 (Call 04/19/26)		365		360,285
4.45%, 05/19/28 (Call 04/19/28)		705		691,439
4.65%, 05/19/25		690		685,735
4.75%, 05/19/33 (Call 02/19/33)		895		872,139
5.30%, 05/19/53 (Call 11/19/52)		990		969,618
5.34%, 05/19/63 (Call 11/19/62)		840		809,291
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)		55		52,404
Takeda Pharmaceutical Co. Ltd.
3.18%, 07/09/50 (Call 01/09/50)		270		185,016
3.38%, 07/09/60 (Call 01/09/60)		175		116,832
5.00%, 11/26/28 (Call 08/26/28)		15		14,961
Zoetis Inc.
3.00%, 09/12/27 (Call 06/12/27)		1,080		1,010,919
3.90%, 08/20/28 (Call 05/20/28)		261		250,910
3.95%, 09/12/47 (Call 03/12/47)		375		302,052
4.45%, 08/20/48 (Call 02/20/48)		136		118,968
4.50%, 11/13/25 (Call 08/13/25)		2,282		2,253,276
4.70%, 02/01/43 (Call 08/01/42)		510		465,879
5.60%, 11/16/32 (Call 08/16/32)		315		325,532
				39,978,251
Pipelines — 0.8%
Boardwalk Pipelines LP
3.40%, 02/15/31 (Call 11/15/30)		114		100,592
4.80%, 05/03/29 (Call 02/03/29)		160		155,465
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39 (Call 07/04/39)		150		117,705
3.70%, 11/15/29 (Call 05/18/29)		502		463,485
5.13%, 06/30/27 (Call 01/01/27)		417		414,995
5.88%, 03/31/25 (Call 10/02/24)		630		629,797
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 03/11/24)		1,205		1,157,349
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)		115		96,116
4.00%, 03/01/31 (Call 03/01/26)		125		111,640
5.95%, 06/30/33 (Call 12/30/32)		66		66,263
Columbia Pipeline Group Inc., 5.80%, 06/01/45 (Call 12/01/44)		100		96,542
Enbridge Energy Partners LP
7.38%, 10/15/45 (Call 04/15/45)		85		98,119
Series B, 7.50%, 04/15/38		55		63,569
Enbridge Inc.
2.50%, 08/01/33 (Call 05/01/33)		535		422,770
3.13%, 11/15/29 (Call 08/15/29)		205		185,197
3.40%, 08/01/51 (Call 02/01/51)		200		139,464
3.70%, 07/15/27 (Call 04/15/27)		99		94,533
4.00%, 11/15/49 (Call 05/15/49)		180		139,181
4.25%, 12/01/26 (Call 09/01/26)		165		161,395
4.50%, 06/10/44 (Call 12/10/43)		115		95,831
5.50%, 12/01/46 (Call 06/01/46)		110		106,208

Security	Par (000)		Value
Pipelines (continued)
5.70%, 03/08/33 (Call 12/08/32)	$	370	$	374,517
5.90%, 11/15/26 (Call 10/15/26)		205		208,851
6.00%, 11/15/28 (Call 10/15/28)		150		155,323
6.20%, 11/15/30 (Call 09/15/30)		90		94,365
6.70%, 11/15/53 (Call 05/15/53)		110		122,692
Energy Transfer LP
4.15%, 09/15/29 (Call 06/15/29)		175		164,998
4.40%, 03/15/27 (Call 12/15/26)		35		34,088
5.00%, 05/15/44 (Call 11/15/43)		71		61,460
5.00%, 05/15/50 (Call 11/15/49)		325		280,231
5.40%, 10/01/47 (Call 04/01/47)		25		22,609
6.00%, 06/15/48 (Call 12/15/47)		95		92,998
6.25%, 04/15/49 (Call 10/15/48)		40		40,359
6.63%, 10/15/36		175		183,897
7.50%, 07/01/38		205		232,861
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)		142		126,067
3.13%, 07/31/29 (Call 04/30/29)		105		96,063
3.70%, 01/31/51 (Call 07/31/50)		85		64,118
3.95%, 01/31/60 (Call 07/31/59)		141		106,648
4.15%, 10/16/28 (Call 07/16/28)		85		82,054
4.20%, 01/31/50 (Call 07/31/49)		116		95,769
4.25%, 02/15/48 (Call 08/15/47)		142		118,712
4.45%, 02/15/43 (Call 08/15/42)		88		76,575
4.80%, 02/01/49 (Call 08/01/48)		171		154,857
4.85%, 08/15/42 (Call 02/15/42)		117		107,022
4.85%, 03/15/44 (Call 09/15/43)		65		59,498
4.90%, 05/15/46 (Call 11/15/45)		168		153,369
4.95%, 10/15/54 (Call 04/15/54)		174		158,663
5.10%, 02/15/45 (Call 08/15/44)		244		228,438
5.38%, 02/15/78 (Call 02/15/28), (3-mo. SOFR + 2.832%)(a)		220		203,567
5.70%, 02/15/42		108		108,946
5.95%, 02/01/41		128		133,464
6.13%, 10/15/39		70		73,368
6.45%, 09/01/40		99		108,140
7.55%, 04/15/38		49		58,292
Series D, 6.88%, 03/01/33		45		50,076
Series E, 5.25%, 08/16/77 (Call 08/16/27), (3-mo. SOFR + 3.295%)(a)		35		33,276
Series H, 6.65%, 10/15/34		35		38,641
Kinder Morgan Energy Partners LP
4.70%, 11/01/42 (Call 05/01/42)		53		44,513
5.00%, 08/15/42 (Call 02/15/42)		105		91,362
5.00%, 03/01/43 (Call 09/01/42)		150		130,663
5.40%, 09/01/44 (Call 03/01/44)		204		186,066
5.50%, 03/01/44 (Call 09/01/43)		196		181,214
5.63%, 09/01/41		95		89,383
5.80%, 03/15/35		105		105,399
6.38%, 03/01/41		134		136,170
6.50%, 02/01/37		122		125,652
6.50%, 09/01/39		103		106,056
6.55%, 09/15/40		69		71,600
6.95%, 01/15/38		275		296,549
7.30%, 08/15/33		82		91,028
7.40%, 03/15/31		45		49,756
7.50%, 11/15/40		31		34,559
7.75%, 03/15/32		90		101,280
Kinder Morgan Inc.
3.25%, 08/01/50 (Call 02/01/50)		47		30,396
3.60%, 02/15/51 (Call 08/15/50)		65		44,620

62 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
4.30%, 03/01/28 (Call 12/01/27)	$	137	$	132,838
4.80%, 02/01/33 (Call 11/01/32)		105		99,075
5.00%, 02/01/29 (Call 01/01/29)		195		193,451
5.05%, 02/15/46 (Call 08/15/45)		55		47,831
5.20%, 06/01/33 (Call 03/01/33)		120		116,723
5.20%, 03/01/48 (Call 09/01/47)		209		185,665
5.30%, 12/01/34 (Call 06/01/34)		235		229,026
5.40%, 02/01/34 (Call 11/01/33)		250		245,683
5.45%, 08/01/52 (Call 02/01/52)		140		128,947
5.55%, 06/01/45 (Call 12/01/44)		276		258,946
7.75%, 01/15/32		132		148,649
7.80%, 08/01/31		50		55,917
Magellan Midstream Partners LP, 3.95%, 03/01/50 (Call 09/01/49)		100		72,809
MPLX LP
4.00%, 03/15/28 (Call 12/15/27)		124		118,752
4.25%, 12/01/27 (Call 09/01/27)		155		149,865
4.50%, 04/15/38 (Call 10/15/37)		266		231,784
4.70%, 04/15/48 (Call 10/15/47)		383		320,640
4.80%, 02/15/29 (Call 11/15/28)		148		145,092
4.90%, 04/15/58 (Call 10/15/57)		87		72,032
4.95%, 03/14/52 (Call 09/14/51)		115		99,038
5.20%, 03/01/47 (Call 09/01/46)		207		185,894
5.50%, 02/15/49 (Call 08/15/48)		301		281,838
Northwest Pipeline LLC, 4.00%, 04/01/27 (Call 01/01/27)		27		26,203
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		1,629		1,549,434
3.10%, 03/15/30 (Call 12/15/29)		205		181,616
3.40%, 09/01/29 (Call 06/01/29)		105		95,898
4.00%, 07/13/27 (Call 04/13/27)		439		422,953
4.20%, 10/03/47 (Call 04/03/47)		125		95,645
4.35%, 03/15/29 (Call 12/15/28)		160		154,035
4.45%, 09/01/49 (Call 03/01/49)		205		163,489
4.50%, 03/15/50 (Call 09/15/49)		128		102,401
4.55%, 07/15/28 (Call 04/15/28)		413		403,501
4.85%, 02/01/49		74		63,145
4.95%, 07/13/47 (Call 01/06/47)		117		100,717
5.20%, 07/15/48 (Call 01/15/48)		230		207,646
5.55%, 11/01/26 (Call 10/01/26)		225		226,617
5.65%, 11/01/28 (Call 10/01/28)		225		228,981
5.80%, 11/01/30 (Call 09/01/30)		175		179,140
5.85%, 01/15/26 (Call 12/15/25)		300		302,649
6.00%, 06/15/35		115		115,873
6.05%, 09/01/33 (Call 06/01/33)		220		226,684
6.10%, 11/15/32 (Call 08/15/32)		140		145,005
6.35%, 01/15/31 (Call 10/15/30)		180		188,755
7.15%, 01/15/51 (Call 07/15/50)		107		118,666
ONEOK Partners LP
4.90%, 03/15/25 (Call 12/15/24)		460		456,548
6.13%, 02/01/41 (Call 08/01/40)		136		138,197
6.20%, 09/15/43 (Call 03/15/43)		136		138,809
6.65%, 10/01/36		260		274,991
6.85%, 10/15/37		190		203,719
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)		62		56,206
4.70%, 06/15/44 (Call 12/15/43)(b)		102		84,362
4.90%, 02/15/45 (Call 08/15/44)		20		16,840
5.15%, 06/01/42 (Call 12/01/41)		120		105,889
6.65%, 01/15/37		52		54,875

Security	Par (000)		Value
Pipelines (continued)
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)	$	227	$	219,031
4.50%, 05/15/30 (Call 11/15/29)		236		225,933
5.00%, 03/15/27 (Call 09/15/26)		252		250,209
5.90%, 09/15/37 (Call 03/15/37)		60		62,102
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		190		181,489
3.50%, 03/15/25 (Call 12/15/24)		130		127,449
4.50%, 03/15/45 (Call 09/15/44)		149		124,831
5.95%, 09/25/43 (Call 03/25/43)		257		255,444
Targa Resources Corp.
4.20%, 02/01/33 (Call 11/01/32)		410		368,900
4.95%, 04/15/52 (Call 10/15/51)		150		128,355
6.13%, 03/15/33 (Call 12/15/32)		15		15,456
6.15%, 03/01/29 (Call 02/01/29)		100		103,101
6.50%, 03/30/34 (Call 12/30/33)		180		191,111
6.50%, 02/15/53 (Call 08/15/52)		265		278,950
Targa Resources Partners LP/Targa Resources
Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)		515		459,611
4.88%, 02/01/31 (Call 02/01/26)		20		18,979
5.50%, 03/01/30 (Call 03/01/25)		10		9,885
TC PipeLines LP, 3.90%, 05/25/27 (Call 02/25/27)		120		114,373
Tennessee Gas Pipeline Co. LLC
7.00%, 03/15/27		60		62,974
7.00%, 10/15/28		20		21,357
7.63%, 04/01/37		10		11,254
Texas Eastern Transmission LP, 7.00%, 07/15/32		202		223,413
TransCanada PipeLines Ltd.
4.10%, 04/15/30 (Call 01/15/30)		169		158,294
4.25%, 05/15/28 (Call 02/15/28)		145		139,649
4.63%, 03/01/34 (Call 12/01/33)		207		191,870
4.75%, 05/15/38 (Call 11/15/37)		110		99,411
4.88%, 05/15/48 (Call 11/15/47)		189		164,868
5.10%, 03/15/49 (Call 09/15/48)		229		209,756
5.60%, 03/31/34		17		16,976
5.85%, 03/15/36		95		94,931
6.10%, 06/01/40		85		86,828
6.20%, 10/15/37		234		240,746
7.25%, 08/15/38		99		111,603
7.63%, 01/15/39		135		157,292
Transcontinental Gas Pipe Line Co. LLC
3.95%, 05/15/50 (Call 11/15/49)		150		116,684
4.00%, 03/15/28 (Call 12/15/27)		20		19,188
4.45%, 08/01/42 (Call 02/01/42)		27		23,431
4.60%, 03/15/48 (Call 09/15/47)		132		115,422
5.40%, 08/15/41 (Call 02/15/41)		58		56,567
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27)		195		189,631
Western Midstream Operating LP
4.05%, 02/01/30 (Call 11/01/29)		135		124,898
5.25%, 02/01/50 (Call 08/01/49)		275		243,623
5.30%, 03/01/48 (Call 09/01/47)		50		43,125
5.45%, 04/01/44 (Call 10/01/43)		85		76,356
5.50%, 08/15/48 (Call 02/15/48)		110		96,575
6.15%, 04/01/33 (Call 01/01/33)		465		472,771
6.35%, 01/15/29 (Call 12/15/28)		30		30,975
Williams Companies Inc. (The)
3.75%, 06/15/27 (Call 03/15/27)		132		126,259
4.85%, 03/01/48 (Call 09/01/47)		200		175,525
4.90%, 01/15/45 (Call 07/15/44)		232		204,340

S C H E D U L E  O F  I N V E S T M E N T S 63

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
5.10%, 09/15/45 (Call 03/15/45)	$	221	$	201,791
5.40%, 03/04/44 (Call 09/04/43)		108		101,171
5.75%, 06/24/44 (Call 12/24/43)		40		39,146
5.80%, 11/15/43 (Call 05/15/43)		36		35,240
6.30%, 04/15/40		230		238,175
8.75%, 03/15/32		78		92,828
Series A, 7.50%, 01/15/31		52		57,768
				29,695,258
Real Estate — 0.1%
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)(b)		1,135		932,063
4.88%, 03/01/26 (Call 12/01/25)		1,018		1,005,759
5.95%, 08/15/34 (Call 05/15/34)		75		75,762
Realty Income Corp., 3.40%, 01/15/30 (Call 10/15/29)		60		54,381
				2,067,965
Real Estate Investment Trusts — 1.1%
Alexandria Real Estate Equities Inc.
1.88%, 02/01/33 (Call 11/01/32)		470		351,524
2.75%, 12/15/29 (Call 09/15/29)		100		87,002
2.95%, 03/15/34 (Call 12/15/33)		130		104,800
3.00%, 05/18/51 (Call 11/18/50)		220		138,043
3.38%, 08/15/31 (Call 05/15/31)		87		76,397
3.55%, 03/15/52 (Call 09/15/51)		75		52,040
3.95%, 01/15/27 (Call 10/15/26)		83		80,016
3.95%, 01/15/28 (Call 10/15/27)		25		23,787
4.00%, 02/01/50 (Call 08/01/49)		165		124,303
4.50%, 07/30/29 (Call 04/30/29)		135		129,438
4.70%, 07/01/30 (Call 04/01/30)		117		112,459
4.85%, 04/15/49 (Call 10/15/48)		117		102,244
4.90%, 12/15/30 (Call 09/15/30)		119		115,817
5.15%, 04/15/53 (Call 10/15/52)		85		77,010
American Homes 4 Rent LP
4.25%, 02/15/28 (Call 11/15/27)		24		23,053
4.90%, 02/15/29 (Call 11/15/28)		53		51,652
American Tower Corp.
1.88%, 10/15/30 (Call 07/15/30)		180		144,561
2.10%, 06/15/30 (Call 03/15/30)		215		176,964
2.30%, 09/15/31 (Call 06/15/31)		75		60,533
2.40%, 03/15/25 (Call 02/15/25)		597		577,475
2.70%, 04/15/31 (Call 01/15/31)		95		79,684
2.75%, 01/15/27 (Call 11/15/26)		365		339,931
2.90%, 01/15/30 (Call 10/15/29)		180		157,894
2.95%, 01/15/51 (Call 07/15/50)(b)		305		193,212
3.10%, 06/15/50 (Call 12/15/49)		319		208,433
3.13%, 01/15/27 (Call 10/15/26)		310		292,347
3.38%, 10/15/26 (Call 07/15/26)		430		410,049
3.55%, 07/15/27 (Call 04/15/27)		295		279,639
3.60%, 01/15/28 (Call 10/15/27)		510		479,926
3.70%, 10/15/49 (Call 04/15/49)		287		209,612
3.80%, 08/15/29 (Call 05/15/29)		315		291,566
3.95%, 03/15/29 (Call 12/15/28)		181		169,863
4.00%, 06/01/25 (Call 03/01/25)		607		595,041
4.05%, 03/15/32 (Call 12/15/31)		65		59,110
4.40%, 02/15/26 (Call 11/15/25)		565		555,585
5.25%, 07/15/28 (Call 06/15/28)		90		89,721
5.50%, 03/15/28 (Call 02/15/28)		140		140,578
5.55%, 07/15/33 (Call 04/15/33)		250		249,928
5.65%, 03/15/33 (Call 12/15/32)		140		140,783
5.90%, 11/15/33 (Call 08/15/33)		55		56,401

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
AvalonBay Communities Inc.
2.30%, 03/01/30 (Call 12/01/29)	$	77	$	66,151
3.20%, 01/15/28 (Call 10/15/27)		30		28,111
3.30%, 06/01/29 (Call 03/01/29)		72		66,380
3.90%, 10/15/46 (Call 04/15/46)		39		30,460
4.35%, 04/15/48 (Call 10/18/47)		107		90,289
5.00%, 02/15/33 (Call 11/15/32)		290		284,427
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)		230		169,739
2.55%, 04/01/32 (Call 01/01/32)		130		101,017
2.75%, 10/01/26 (Call 07/01/26)		400		370,317
2.90%, 03/15/30 (Call 12/15/29)		170		143,689
3.25%, 01/30/31 (Call 10/30/30)		264		222,265
3.40%, 06/21/29 (Call 03/21/29)		256		225,911
3.65%, 02/01/26 (Call 11/03/25)		592		569,302
4.50%, 12/01/28 (Call 09/01/28)		100		94,482
6.50%, 01/15/34 (Call 10/15/33)		120		122,698
Brixmor Operating Partnership LP
3.90%, 03/15/27 (Call 12/15/26)		65		61,924
4.05%, 07/01/30 (Call 04/01/30)		304		279,163
4.13%, 06/15/26 (Call 03/15/26)		40		38,721
4.13%, 05/15/29 (Call 02/15/29)		20		18,686
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		90		79,087
3.15%, 07/01/29 (Call 04/01/29)		55		50,034
3.35%, 11/01/49 (Call 05/01/49)		30		21,388
4.10%, 10/15/28 (Call 07/15/28)		15		14,445
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)		55		45,535
2.25%, 03/15/26 (Call 02/15/26)		25		23,379
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)		75		67,795
1.35%, 07/15/25 (Call 06/15/25)		40		37,845
2.10%, 04/01/31 (Call 01/01/31)		395		316,705
2.25%, 01/15/31 (Call 10/15/30)		235		192,077
2.50%, 07/15/31 (Call 04/15/31)		225		184,254
2.90%, 03/15/27 (Call 02/15/27)		125		116,403
3.10%, 11/15/29 (Call 08/15/29)		385		340,672
3.25%, 01/15/51 (Call 07/15/50)		333		224,739
3.30%, 07/01/30 (Call 04/01/30)		360		317,938
3.65%, 09/01/27 (Call 06/01/27)		370		349,195
3.70%, 06/15/26 (Call 03/15/26)		585		563,735
3.80%, 02/15/28 (Call 11/15/27)		617		581,002
4.00%, 03/01/27 (Call 12/01/26)		220		211,766
4.00%, 11/15/49 (Call 05/15/49)		215		165,391
4.15%, 07/01/50 (Call 01/01/50)		175		138,382
4.30%, 02/15/29 (Call 11/15/28)		315		299,387
4.45%, 02/15/26 (Call 11/15/25)		484		474,932
4.75%, 05/15/47 (Call 11/15/46)		214		180,854
4.80%, 09/01/28 (Call 08/01/28)		105		102,382
5.00%, 01/11/28 (Call 12/11/27)		85		83,754
5.10%, 05/01/33 (Call 02/01/33)		340		328,228
5.20%, 02/15/49 (Call 08/15/48)		206		186,328
5.60%, 06/01/29 (Call 05/01/29)		200		201,327
5.80%, 03/01/34 (Call 12/01/33)		180		182,608
CubeSmart LP
3.00%, 02/15/30 (Call 11/15/29)		30		26,187
4.38%, 02/15/29 (Call 11/15/28)(b)		5		4,755
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)		654		602,971
3.70%, 08/15/27 (Call 05/15/27)		124		118,180

64 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.45%, 07/15/28 (Call 04/15/28)	$	277	$	268,011
5.55%, 01/15/28 (Call 12/15/27)		210		212,126
Equinix Inc.
2.15%, 07/15/30 (Call 04/15/30)		755		626,018
2.50%, 05/15/31 (Call 02/15/31)		165		137,783
2.90%, 11/18/26 (Call 09/18/26)		430		404,899
2.95%, 09/15/51 (Call 03/15/51)		160		101,683
3.00%, 07/15/50 (Call 01/15/50)		382		247,708
3.20%, 11/18/29 (Call 08/18/29)		668		600,360
3.40%, 02/15/52 (Call 08/15/51)		95		65,836
ERP Operating LP
2.50%, 02/15/30 (Call 11/15/29)		129		111,999
2.85%, 11/01/26 (Call 08/01/26)		22		20,759
3.00%, 07/01/29 (Call 04/01/29)		62		56,176
3.25%, 08/01/27 (Call 05/01/27)		15		14,086
3.50%, 03/01/28 (Call 12/01/27)		44		41,552
4.00%, 08/01/47 (Call 02/01/47)		10		7,694
4.15%, 12/01/28 (Call 09/01/28)		10		9,669
4.50%, 07/01/44 (Call 01/01/44)		60		51,590
4.50%, 06/01/45 (Call 12/01/44)		36		30,037
Essex Portfolio LP
3.00%, 01/15/30 (Call 10/15/29)		30		26,320
4.00%, 03/01/29 (Call 12/01/28)		60		56,823
4.50%, 03/15/48 (Call 09/15/47)		30		25,092
Federal Realty OP LP
3.20%, 06/15/29 (Call 03/15/29)		124		110,798
3.25%, 07/15/27 (Call 04/15/27)		575		537,141
3.50%, 06/01/30 (Call 03/01/30)		800		717,507
4.50%, 12/01/44 (Call 06/01/44)		85		69,173
5.38%, 05/01/28 (Call 04/01/28)		880		877,017
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32 (Call 10/15/31)		5		4,148
4.00%, 01/15/30 (Call 10/15/29)		24		21,597
5.30%, 01/15/29 (Call 10/15/28)		67		65,066
Healthcare Realty Holdings LP, 3.10%, 02/15/30 (Call 11/15/29)		15		12,925
Healthpeak OP LLC
3.00%, 01/15/30 (Call 10/15/29)		379		332,528
3.25%, 07/15/26 (Call 05/15/26)		320		305,679
3.50%, 07/15/29 (Call 04/15/29)		371		338,971
4.00%, 06/01/25 (Call 03/01/25)		77		75,543
5.25%, 12/15/32 (Call 09/15/32)(b)		110		107,549
6.75%, 02/01/41 (Call 08/01/40)		155		169,770
Highwoods Realty LP
3.05%, 02/15/30 (Call 11/15/29)		165		138,132
4.20%, 04/15/29 (Call 01/15/29)		40		36,055
Host Hotels & Resorts LP
Series F, 4.50%, 02/01/26 (Call 11/01/25)		150		146,822
Series H, 3.38%, 12/15/29 (Call 09/15/29)		185		163,675
Series I, 3.50%, 09/15/30 (Call 06/15/30)		375		330,594
Series J, 2.90%, 12/15/31 (Call 09/15/31)		55		45,412
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)		270		200,080
3.05%, 02/15/30 (Call 11/15/29)		340		284,786
4.25%, 08/15/29 (Call 05/15/29)		245		223,543
4.75%, 12/15/28 (Call 09/15/28)		220		207,194
Kimco Realty OP LLC
2.80%, 10/01/26 (Call 07/01/26)		75		70,272
3.70%, 10/01/49 (Call 04/01/49)		52		37,385
3.80%, 04/01/27 (Call 01/01/27)		25		23,956
4.13%, 12/01/46 (Call 06/01/46)		117		89,064

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.25%, 04/01/45 (Call 10/01/44)	$	80	$	62,603
4.45%, 09/01/47 (Call 03/01/47)		100		79,623
Mid-America Apartments LP
2.75%, 03/15/30 (Call 12/15/29)		12		10,546
3.95%, 03/15/29 (Call 12/15/28)		22		20,992
4.20%, 06/15/28 (Call 03/15/28)		2		1,935
NNN REIT Inc.
2.50%, 04/15/30 (Call 01/15/30)		15		12,693
3.10%, 04/15/50 (Call 10/15/49)		25		16,186
4.30%, 10/15/28 (Call 07/15/28)		45		43,203
4.80%, 10/15/48 (Call 04/15/48)		30		25,750
5.60%, 10/15/33 (Call 07/15/33)		50		49,827
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)		240		190,781
3.38%, 02/01/31 (Call 11/01/30)		30		25,255
3.63%, 10/01/29 (Call 07/01/29)		152		133,485
Physicians Realty LP, 3.95%, 01/15/28 (Call 10/15/27)		5		4,757
Piedmont Operating Partnership LP, 3.15%, 08/15/30 (Call 05/15/30)		160		122,757
Prologis LP
2.13%, 04/15/27 (Call 02/15/27)		210		192,708
2.13%, 10/15/50 (Call 04/15/50)(b)		100		54,601
2.25%, 04/15/30 (Call 01/15/30)		234		200,655
2.25%, 01/15/32 (Call 10/15/31)		15		12,252
2.88%, 11/15/29 (Call 08/15/29)		30		26,938
3.00%, 04/15/50 (Call 10/15/49)		106		71,681
3.05%, 03/01/50 (Call 09/01/49)		66		44,787
3.25%, 06/30/26 (Call 03/30/26)		27		25,934
3.25%, 10/01/26 (Call 07/01/26)		32		30,558
3.38%, 12/15/27 (Call 09/15/27)		10		9,440
3.88%, 09/15/28 (Call 06/15/28)		375		358,776
4.00%, 09/15/28 (Call 06/15/28)		20		19,253
4.38%, 02/01/29 (Call 11/01/28)		70		68,347
4.38%, 09/15/48 (Call 03/15/48)		125		106,215
4.63%, 01/15/33 (Call 10/15/32)		135		129,898
4.75%, 06/15/33 (Call 03/15/33)		185		179,191
4.88%, 06/15/28 (Call 05/15/28)		85		84,878
5.13%, 01/15/34 (Call 10/15/33)		100		98,980
5.25%, 06/15/53 (Call 12/15/52)		50		48,451
Realty Income Corp.
1.80%, 03/15/33 (Call 12/15/32)		40		30,037
3.25%, 06/15/29 (Call 03/15/29)		20		18,298
3.65%, 01/15/28 (Call 10/15/27)		102		96,688
4.65%, 03/15/47 (Call 09/15/46)		88		76,752
4.90%, 07/15/33 (Call 04/15/33)		140		133,571
Regency Centers LP
2.95%, 09/15/29 (Call 06/15/29)		150		132,721
3.60%, 02/01/27 (Call 11/01/26)		80		76,500
4.13%, 03/15/28 (Call 12/15/27)		62		59,212
4.40%, 02/01/47 (Call 08/01/46)		70		56,007
4.65%, 03/15/49 (Call 09/15/48)		70		59,255
Sabra Health Care LP
3.20%, 12/01/31 (Call 09/01/31)		110		89,344
3.90%, 10/15/29 (Call 07/15/29)		130		115,792
Simon Property Group LP
2.45%, 09/13/29 (Call 06/13/29)		210		182,953
3.25%, 09/13/49 (Call 03/13/49)		235		163,408
3.38%, 06/15/27 (Call 03/15/27)		20		18,982
3.38%, 12/01/27 (Call 09/01/27)		175		165,062
3.80%, 07/15/50 (Call 01/15/50)		144		108,823

S C H E D U L E  O F  I N V E S T M E N T S 65

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.25%, 10/01/44 (Call 04/01/44)	$	50	$	40,861
4.25%, 11/30/46 (Call 05/30/46)		32		25,969
5.50%, 03/08/33 (Call 12/08/32)(b)		170		171,449
6.75%, 02/01/40 (Call 11/01/39)		44		48,414
SITE Centers Corp., 4.70%, 06/01/27 (Call 03/01/27)		137		134,642
Store Capital LLC, 4.63%, 03/15/29 (Call 12/15/28)		59		55,042
UDR Inc.
3.00%, 08/15/31 (Call 05/15/31)		100		85,790
3.20%, 01/15/30 (Call 10/15/29)		45		40,257
3.50%, 01/15/28 (Call 10/15/27)		30		27,975
4.40%, 01/26/29 (Call 10/26/28)		45		43,072
Ventas Realty LP
3.00%, 01/15/30 (Call 10/15/29)		75		65,462
3.25%, 10/15/26 (Call 07/15/26)		65		61,366
3.85%, 04/01/27 (Call 01/01/27)		110		104,858
4.00%, 03/01/28 (Call 12/01/27)		45		42,823
4.13%, 01/15/26 (Call 10/15/25)		160		155,756
4.38%, 02/01/45 (Call 08/01/44)		76		60,175
4.40%, 01/15/29 (Call 10/15/28)		257		246,059
4.75%, 11/15/30 (Call 08/15/30)		65		62,178
4.88%, 04/15/49 (Call 10/15/48)		119		100,682
5.70%, 09/30/43 (Call 03/30/43)		128		120,913
VICI Properties LP
4.95%, 02/15/30 (Call 12/15/29)		20		19,089
5.13%, 05/15/32 (Call 02/15/32)		215		201,924
5.63%, 05/15/52 (Call 11/15/51)		185		166,781
Welltower OP LLC
2.70%, 02/15/27 (Call 12/15/26)		240		224,128
2.75%, 01/15/31 (Call 10/15/30)		180		153,435
2.75%, 01/15/32 (Call 10/15/31)		620		515,463
2.80%, 06/01/31 (Call 03/01/31)		105		89,085
3.10%, 01/15/30 (Call 10/15/29)		215		191,721
3.85%, 06/15/32 (Call 03/15/32)		315		282,397
4.00%, 06/01/25 (Call 03/01/25)		450		441,728
4.13%, 03/15/29 (Call 12/15/28)		200		190,140
4.25%, 04/01/26 (Call 01/01/26)		336		329,438
4.25%, 04/15/28 (Call 01/15/28)		219		211,824
4.95%, 09/01/48 (Call 03/01/48)		158		142,072
6.50%, 03/15/41 (Call 09/15/40)		210		226,919
Weyerhaeuser Co.
4.00%, 11/15/29 (Call 08/15/29)		469		440,443
4.00%, 04/15/30 (Call 01/15/30)		522		487,835
4.75%, 05/15/26		35		34,583
6.95%, 10/01/27		210		222,670
7.38%, 03/15/32		270		304,845
WP Carey Inc., 3.85%, 07/15/29 (Call 04/15/29)		60		55,511
				37,057,531
Retail — 0.7%
AutoNation Inc.
3.80%, 11/15/27 (Call 08/15/27)		197		183,287
3.85%, 03/01/32 (Call 12/01/31)		35		30,545
4.75%, 06/01/30 (Call 03/01/30)		296		281,416
AutoZone Inc., 4.75%, 02/01/33 (Call 11/01/32)		5		4,789
Best Buy Co. Inc.
1.95%, 10/01/30 (Call 07/01/30)		1,930		1,585,144
4.45%, 10/01/28 (Call 07/01/28)(b)		1,651		1,616,864
Darden Restaurants Inc., 4.55%, 02/15/48 (Call 08/15/47)		93		75,490

Security	Par (000)		Value
Retail (continued)
Dollar General Corp.
4.13%, 04/03/50 (Call 10/03/49)	$	144	$	110,017
5.20%, 07/05/28 (Call 06/05/28)(b)		65		64,926
5.45%, 07/05/33 (Call 04/05/33)(b)		80		79,386
Dollar Tree Inc., 3.38%, 12/01/51 (Call 06/01/51)		65		42,951
Home Depot Inc. (The)
2.13%, 09/15/26 (Call 06/15/26)		235		219,605
2.50%, 04/15/27 (Call 02/15/27)		382		355,803
2.70%, 04/15/30 (Call 01/15/30)		638		564,391
2.80%, 09/14/27 (Call 06/14/27)		140		131,184
2.95%, 06/15/29 (Call 03/15/29)		1,270		1,159,238
3.00%, 04/01/26 (Call 01/01/26)		30		28,900
3.13%, 12/15/49 (Call 06/15/49)		210		146,131
3.25%, 04/15/32 (Call 01/15/32)		155		137,469
3.30%, 04/15/40 (Call 10/15/39)		101		79,153
3.35%, 09/15/25 (Call 06/15/25)		570		556,059
3.35%, 04/15/50 (Call 10/15/49)		147		106,540
3.50%, 09/15/56 (Call 03/15/56)		155		113,518
3.63%, 04/15/52 (Call 10/15/51)		220		166,292
3.90%, 12/06/28 (Call 09/06/28)		675		653,170
3.90%, 06/15/47 (Call 12/15/46)		255		205,402
4.00%, 09/15/25 (Call 08/15/25)		65		63,977
4.20%, 04/01/43 (Call 10/01/42)		175		150,736
4.25%, 04/01/46 (Call 10/01/45)		289		246,703
4.40%, 03/15/45 (Call 09/15/44)		215		188,689
4.50%, 09/15/32 (Call 06/15/32)		315		307,850
4.50%, 12/06/48 (Call 06/06/48)		305		269,126
4.88%, 02/15/44 (Call 08/15/43)		175		164,169
4.90%, 04/15/29 (Call 03/15/29)		125		125,448
4.95%, 09/30/26 (Call 08/30/26)		125		125,058
4.95%, 09/15/52 (Call 03/15/52)(b)		40		37,850
5.13%, 04/30/25		125		125,043
5.40%, 09/15/40 (Call 03/15/40)		155		155,906
5.88%, 12/16/36		630		671,097
5.95%, 04/01/41 (Call 10/01/40)		306		326,474
Lowe’s Companies Inc.
1.70%, 10/15/30 (Call 07/15/30)		20		16,216
2.50%, 04/15/26 (Call 01/15/26)		204		193,653
2.63%, 04/01/31 (Call 01/01/31)		245		208,917
3.00%, 10/15/50 (Call 04/15/50)		153		98,706
3.10%, 05/03/27 (Call 02/03/27)		185		174,830
3.38%, 09/15/25 (Call 06/15/25)		490		476,673
3.65%, 04/05/29 (Call 01/05/29)		365		344,137
3.70%, 04/15/46 (Call 10/15/45)		300		225,824
3.75%, 04/01/32 (Call 01/01/32)		135		122,514
4.00%, 04/15/25 (Call 03/15/25)		415		409,006
4.05%, 05/03/47 (Call 11/03/46)		280		221,819
4.25%, 04/01/52 (Call 10/01/51)		140		112,576
4.38%, 09/15/45 (Call 03/15/45)		204		172,910
4.40%, 09/08/25		60		59,270
4.45%, 04/01/62 (Call 10/01/61)		350		279,810
4.50%, 04/15/30 (Call 01/15/30)		370		359,455
4.55%, 04/05/49 (Call 10/05/48)		230		194,471
4.65%, 04/15/42 (Call 10/15/41)		105		93,910
4.80%, 04/01/26 (Call 03/01/26)		130		129,143
5.00%, 04/15/33 (Call 01/15/33)(b)		260		256,222
5.00%, 04/15/40 (Call 10/15/39)		129		122,568
5.13%, 04/15/50 (Call 10/15/49)		141		130,053
5.15%, 07/01/33 (Call 04/01/33)		175		174,161
5.50%, 10/15/35		73		75,080
5.63%, 04/15/53 (Call 10/15/52)		90		89,427

66 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
5.80%, 09/15/62 (Call 03/15/62)	$	170	$	169,705
5.85%, 04/01/63 (Call 10/01/62)		90		90,804
6.50%, 03/15/29		190		203,233
McDonald’s Corp.
3.63%, 05/01/43		93		73,242
3.63%, 09/01/49 (Call 03/01/49)		87		64,948
3.70%, 02/15/42		70		56,265
3.80%, 04/01/28 (Call 01/01/28)		25		23,999
4.20%, 04/01/50 (Call 10/01/49)		162		133,467
4.45%, 03/01/47 (Call 09/01/46)		367		315,324
4.45%, 09/01/48 (Call 03/01/48)		166		143,419
4.60%, 05/26/45 (Call 11/26/44)		100		88,979
4.70%, 12/09/35 (Call 06/09/35)		134		128,701
4.88%, 07/15/40		70		66,758
4.88%, 12/09/45 (Call 06/09/45)		200		183,789
4.95%, 08/14/33 (Call 05/14/33)		45		44,589
5.45%, 08/14/53 (Call 02/14/53)		75		74,473
5.70%, 02/01/39		141		145,152
6.30%, 10/15/37		57		62,075
6.30%, 03/01/38		30		32,642
O’Reilly Automotive Inc., 4.20%, 04/01/30 (Call 01/01/30)		92		87,328
Starbucks Corp.
2.00%, 03/12/27 (Call 01/12/27)(b)		205		187,839
2.25%, 03/12/30 (Call 12/12/29)		185		158,204
3.35%, 03/12/50 (Call 09/12/49)		175		123,513
3.50%, 03/01/28 (Call 12/01/27)		171		162,111
3.50%, 11/15/50 (Call 05/15/50)		315		229,999
3.55%, 08/15/29 (Call 05/15/29)		230		215,615
3.75%, 12/01/47 (Call 06/01/47)		218		168,165
4.00%, 11/15/28 (Call 08/15/28)		127		122,669
4.30%, 06/15/45 (Call 12/15/44)		77		65,721
4.45%, 08/15/49 (Call 02/15/49)		191		163,415
4.50%, 11/15/48 (Call 05/15/48)		230		198,774
4.75%, 02/15/26 (Call 01/15/26)		50		49,671
4.80%, 02/15/33 (Call 11/15/32)(b)		100		98,598
Target Corp.
2.25%, 04/15/25 (Call 03/15/25)		487		471,835
2.35%, 02/15/30 (Call 11/15/29)		226		197,137
2.50%, 04/15/26		345		329,509
2.65%, 09/15/30 (Call 06/15/30)		200		175,413
2.95%, 01/15/52 (Call 07/15/51)		105		69,703
3.38%, 04/15/29 (Call 01/15/29)		520		487,359
3.63%, 04/15/46		221		172,381
3.90%, 11/15/47 (Call 05/15/47)		100		81,533
4.00%, 07/01/42		186		160,058
4.40%, 01/15/33 (Call 10/15/32)		185		178,532
4.80%, 01/15/53 (Call 07/15/52)(b)		180		166,112
6.50%, 10/15/37		185		206,677
7.00%, 01/15/38		160		186,853
TJX Companies Inc. (The)
3.88%, 04/15/30 (Call 01/15/30)		157		148,855
4.50%, 04/15/50 (Call 10/15/49)		71		64,684
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)		349		281,013
5.25%, 05/15/33 (Call 02/15/33)		340		337,889
				24,245,876
Semiconductors — 1.0%
Analog Devices Inc., 5.30%, 12/15/45 (Call 06/15/45)		20		19,514

Security	Par (000)		Value
Semiconductors (continued)
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)	$	615	$	512,894
2.75%, 06/01/50 (Call 12/01/49)		125		84,063
3.30%, 04/01/27 (Call 01/01/27)		1,031		986,869
3.90%, 10/01/25 (Call 07/01/25)		172		168,983
4.35%, 04/01/47 (Call 10/01/46)		266		235,853
5.10%, 10/01/35 (Call 04/01/35)		540		546,589
5.85%, 06/15/41		210		225,863
Broadcom Inc.
3.14%, 11/15/35 (Call 08/15/35)(e)		285		225,886
3.19%, 11/15/36 (Call 08/15/36)(e)		114		89,093
3.42%, 04/15/33 (Call 01/15/33)(e)		519		443,196
3.47%, 04/15/34 (Call 01/15/34)(e)		649		547,976
3.50%, 02/15/41 (Call 08/15/40)(e)		243		185,663
3.75%, 02/15/51 (Call 08/15/50)(e)		149		111,404
4.15%, 04/15/32 (Call 01/15/32)(e)		165		151,481
4.93%, 05/15/37 (Call 02/15/37)(e)		422		393,204
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		1,130		982,875
2.45%, 11/15/29 (Call 08/15/29)		640		560,470
2.60%, 05/19/26 (Call 02/19/26)		471		447,987
3.05%, 08/12/51 (Call 02/12/51)		75		49,563
3.10%, 02/15/60 (Call 08/15/59)		172		108,717
3.15%, 05/11/27 (Call 02/11/27)		320		303,239
3.20%, 08/12/61 (Call 02/12/61)		310		199,438
3.25%, 11/15/49 (Call 05/15/49)		305		210,728
3.40%, 03/25/25 (Call 02/25/25)		652		639,402
3.70%, 07/29/25 (Call 04/29/25)		1,804		1,766,896
3.73%, 12/08/47 (Call 06/08/47)		489		370,636
3.75%, 03/25/27 (Call 01/25/27)		478		462,336
3.90%, 03/25/30 (Call 12/25/29)		267		251,048
4.00%, 12/15/32		246		227,039
4.10%, 05/19/46 (Call 11/19/45)		144		118,914
4.10%, 05/11/47 (Call 11/11/46)		255		209,708
4.15%, 08/05/32 (Call 05/05/32)		205		192,645
4.25%, 12/15/42		375		319,702
4.60%, 03/25/40 (Call 09/25/39)		200		185,536
4.75%, 03/25/50 (Call 09/25/49)		283		251,327
4.80%, 10/01/41		140		130,698
4.88%, 02/10/26		120		119,614
4.88%, 02/10/28 (Call 01/10/28)		280		279,221
4.90%, 07/29/45 (Call 01/29/45)		127		120,128
4.90%, 08/05/52 (Call 02/05/52)		130		119,113
4.95%, 03/25/60 (Call 09/25/59)		165		150,514
5.00%, 02/21/31 (Call 12/21/30)		105		104,342
5.05%, 08/05/62 (Call 02/05/62)		80		73,833
5.13%, 02/10/30 (Call 12/10/29)		315		317,484
5.15%, 02/21/34 (Call 11/21/33)		135		133,675
5.20%, 02/10/33 (Call 11/10/32)		475		475,203
5.60%, 02/21/54 (Call 08/21/53)		70		69,988
5.63%, 02/10/43 (Call 08/10/42)		105		106,718
5.70%, 02/10/53 (Call 08/10/52)		245		247,586
5.90%, 02/10/63 (Call 08/10/62)		230		239,596
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		20		14,356
5.00%, 03/15/49 (Call 09/15/48)		45		43,251
5.25%, 07/15/62 (Call 01/15/62)		70		68,013
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		675		566,466
2.88%, 06/15/50 (Call 12/15/49)		216		146,036
3.13%, 06/15/60 (Call 12/15/59)		165		108,171

S C H E D U L E  O F  I N V E S T M E N T S 67

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
3.75%, 03/15/26 (Call 01/15/26)	$	1,064	$	1,038,374
3.80%, 03/15/25 (Call 12/15/24)		274		269,985
4.00%, 03/15/29 (Call 12/15/28)		351		338,233
4.88%, 03/15/49 (Call 09/15/48)		210		197,593
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)		85		69,731
3.48%, 11/01/51 (Call 05/01/51)		210		145,876
4.19%, 02/15/27 (Call 12/15/26)		65		63,161
5.33%, 02/06/29 (Call 11/06/28)		5		5,005
5.88%, 02/09/33 (Call 11/09/32)		125		127,569
5.88%, 09/15/33 (Call 06/15/33)(b)		40		40,769
NVIDIA Corp.
2.00%, 06/15/31 (Call 03/15/31)		870		726,799
2.85%, 04/01/30 (Call 01/01/30)		810		729,400
3.20%, 09/16/26 (Call 06/16/26)		1,510		1,455,539
3.50%, 04/01/40 (Call 10/01/39)		290		242,875
3.50%, 04/01/50 (Call 10/01/49)		307		240,522
3.70%, 04/01/60 (Call 10/01/59)		210		165,168
NXP BV/NXP Funding LLC
5.35%, 03/01/26 (Call 01/01/26)		720		718,847
5.55%, 12/01/28 (Call 09/01/28)		440		444,846
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)		445		368,419
2.65%, 02/15/32 (Call 11/15/31)		480		394,057
3.13%, 02/15/42 (Call 08/15/41)		30		21,322
3.15%, 05/01/27 (Call 03/01/27)		55		51,707
3.25%, 05/11/41 (Call 11/11/40)		180		132,279
3.25%, 11/30/51 (Call 05/30/51)		214		143,935
3.40%, 05/01/30 (Call 02/01/30)		220		196,942
3.88%, 06/18/26 (Call 04/18/26)		165		159,667
4.30%, 06/18/29 (Call 03/18/29)		655		625,295
4.40%, 06/01/27 (Call 05/01/27)		530		517,781
5.00%, 01/15/33 (Call 10/15/32)		305		294,733
Qorvo Inc., 4.38%, 10/15/29 (Call 10/15/24)		260		241,789
QUALCOMM Inc.
4.30%, 05/20/47 (Call 11/20/46)		275		238,361
4.50%, 05/20/52 (Call 11/20/51)		85		74,868
4.65%, 05/20/35 (Call 11/20/34)		65		63,552
4.80%, 05/20/45 (Call 11/20/44)		259		243,078
Skyworks Solutions Inc., 3.00%, 06/01/31 (Call 03/01/31)		10		8,375
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		490		447,154
1.38%, 03/12/25 (Call 02/12/25)		928		892,651
1.75%, 05/04/30 (Call 02/04/30)		490		410,040
1.90%, 09/15/31 (Call 06/15/31)		230		189,814
2.25%, 09/04/29 (Call 06/04/29)		564		497,749
2.70%, 09/15/51 (Call 03/15/51)		220		141,189
2.90%, 11/03/27 (Call 08/03/27)		670		628,900
3.65%, 08/16/32 (Call 05/16/32)		510		468,369
3.88%, 03/15/39 (Call 09/15/38)		243		213,608
4.10%, 08/16/52 (Call 02/16/52)		50		41,836
4.15%, 05/15/48 (Call 11/15/47)		300		254,759
4.60%, 02/08/27 (Call 01/08/27)		75		74,741
4.60%, 02/15/28 (Call 01/15/28)		35		34,937
4.60%, 02/08/29 (Call 01/08/29)		85		84,541
4.85%, 02/08/34 (Call 11/08/33)		80		79,520
4.90%, 03/14/33 (Call 12/14/32)		460		460,377
5.00%, 03/14/53 (Call 09/14/52)		60		57,960
5.05%, 05/18/63 (Call 11/18/62)		115		109,996
5.15%, 02/08/54 (Call 08/08/53)		75		74,314

Security	Par (000)		Value
Semiconductors (continued)
TSMC Arizona Corp.
1.75%, 10/25/26 (Call 09/25/26)	$	120	$	110,207
2.50%, 10/25/31 (Call 07/25/31)		1,245		1,053,922
3.25%, 10/25/51 (Call 04/25/51)		215		162,980
4.25%, 04/22/32 (Call 01/22/32)		360		347,655
4.50%, 04/22/52 (Call 10/22/51)		235		225,935
				34,280,349
Shipbuilding — 0.0%
Huntington Ingalls Industries Inc.
2.04%, 08/16/28 (Call 06/16/28)		45		39,124
3.48%, 12/01/27 (Call 09/01/27)		480		449,718
3.84%, 05/01/25 (Call 04/01/25)		685		670,060
4.20%, 05/01/30 (Call 02/01/30)		274		257,601
				1,416,503
Software — 1.0%
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)		849		790,277
2.30%, 02/01/30 (Call 11/01/29)		2,620		2,285,448
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)		770		638,743
2.85%, 01/15/30 (Call 10/15/29)		485		429,933
3.50%, 06/15/27 (Call 03/15/27)		828		791,690
4.38%, 06/15/25 (Call 03/15/25)		540		533,840
Broadridge Financial Solutions Inc., 3.40%, 06/27/26 (Call 03/27/26)		1,000		955,806
Electronic Arts Inc.
2.95%, 02/15/51 (Call 08/15/50)		750		498,412
4.80%, 03/01/26 (Call 12/01/25)		519		516,232
Fidelity National Information Services Inc.
4.50%, 08/15/46 (Call 02/15/46)		182		149,172
5.10%, 07/15/32 (Call 04/15/32)(b)		250		249,848
5.63%, 07/15/52 (Call 01/15/52)		80		79,125
Fiserv Inc.
3.50%, 07/01/29 (Call 04/01/29)		10		9,195
3.85%, 06/01/25 (Call 03/01/25)		2		1,960
4.40%, 07/01/49 (Call 01/01/49)		228		190,685
5.38%, 08/21/28 (Call 07/21/28)		50		50,309
5.63%, 08/21/33 (Call 05/21/33)		125		126,404
Intuit Inc.
1.35%, 07/15/27 (Call 05/15/27)		65		57,989
5.20%, 09/15/33 (Call 06/15/33)		600		605,994
5.50%, 09/15/53 (Call 03/15/53)		5		5,156
Microsoft Corp.
2.40%, 08/08/26 (Call 05/08/26)		3,704		3,506,318
2.53%, 06/01/50 (Call 12/01/49)		595		383,414
2.92%, 03/17/52 (Call 09/17/51)		1,500		1,035,352
3.13%, 11/03/25 (Call 08/03/25)		3,572		3,472,067
3.30%, 02/06/27 (Call 11/06/26)		2,669		2,578,108
3.40%, 06/15/27 (Call 03/15/27)(e)		5		4,799
3.45%, 08/08/36 (Call 02/08/36)		620		546,155
3.50%, 02/12/35 (Call 08/12/34)		750		680,421
3.50%, 11/15/42		50		41,903
3.70%, 08/08/46 (Call 02/08/46)		235		195,485
3.75%, 02/12/45 (Call 08/12/44)		10		8,543
3.95%, 08/08/56 (Call 02/08/56)		25		21,044
4.00%, 02/12/55 (Call 08/12/54)		105		91,085
4.10%, 02/06/37 (Call 08/06/36)		235		221,399
4.20%, 11/03/35 (Call 05/03/35)		165		159,455
4.25%, 02/06/47 (Call 08/06/46)		70		64,478
4.45%, 11/03/45 (Call 05/03/45)		180		171,622

68 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
4.50%, 06/15/47 (Call 12/15/46)(e)	$	64	$	59,609
Oracle Corp.
3.60%, 04/01/40 (Call 10/01/39)		247		190,704
3.60%, 04/01/50 (Call 10/01/49)		617		434,250
3.80%, 11/15/37 (Call 05/15/37)		387		318,306
3.85%, 07/15/36 (Call 01/15/36)		99		83,222
3.85%, 04/01/60 (Call 10/01/59)		528		366,791
3.90%, 05/15/35 (Call 11/15/34)		322		276,394
3.95%, 03/25/51 (Call 09/25/50)		431		321,238
4.00%, 07/15/46 (Call 01/15/46)		392		301,527
4.00%, 11/15/47 (Call 05/15/47)		409		312,704
4.10%, 03/25/61 (Call 09/25/60)		309		226,166
4.13%, 05/15/45 (Call 11/15/44)		307		242,543
4.30%, 07/08/34 (Call 01/08/34)		390		353,608
4.38%, 05/15/55 (Call 11/15/54)		291		228,021
4.50%, 05/06/28 (Call 04/06/28)		25		24,522
4.50%, 07/08/44 (Call 01/08/44)		215		180,451
4.65%, 05/06/30 (Call 03/06/30)		25		24,320
4.90%, 02/06/33 (Call 11/06/32)		145		140,008
5.38%, 07/15/40		302		288,843
5.55%, 02/06/53 (Call 08/06/52)		275		263,217
6.13%, 07/08/39		219		225,367
6.25%, 11/09/32 (Call 08/09/32)		245		258,701
6.50%, 04/15/38		206		220,016
6.90%, 11/09/52 (Call 05/09/52)		495		558,500
Roper Technologies Inc., 2.95%, 09/15/29 (Call 06/15/29)		130		116,371
Salesforce Inc.
2.90%, 07/15/51 (Call 01/15/51)		425		282,688
3.05%, 07/15/61 (Call 01/15/61)		130		83,599
3.70%, 04/11/28 (Call 01/11/28)		4,610		4,448,297
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30)		205		164,443
VMware LLC
3.90%, 08/21/27 (Call 05/21/27)		920		877,194
4.50%, 05/15/25 (Call 04/15/25)		756		747,649
4.65%, 05/15/27 (Call 03/15/27)		425		416,022
4.70%, 05/15/30 (Call 02/15/30)		338		325,034
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		270		257,023
3.70%, 04/01/29 (Call 02/01/29)		405		378,523
3.80%, 04/01/32 (Call 01/01/32)		700		632,744
				36,776,481
Telecommunications — 1.0%
America Movil SAB de CV
4.38%, 04/22/49 (Call 10/22/48)		120		103,181
6.13%, 11/15/37		57		59,851
6.13%, 03/30/40		317		331,746
6.38%, 03/01/35		145		157,108
AT&T Inc.
3.30%, 02/01/52 (Call 08/01/51)		130		88,162
3.50%, 06/01/41 (Call 12/01/40)		305		234,115
3.50%, 09/15/53 (Call 03/15/53)		869		597,841
3.50%, 02/01/61 (Call 08/01/60)		185		123,477
3.55%, 09/15/55 (Call 03/15/55)		1,096		746,707
3.65%, 06/01/51 (Call 12/01/50)		494		353,309
3.65%, 09/15/59 (Call 03/15/59)		723		489,939
3.80%, 12/01/57 (Call 06/01/57)		690		486,874
3.85%, 06/01/60 (Call 12/01/59)		285		201,247
4.30%, 12/15/42 (Call 06/15/42)		70		59,101
4.35%, 06/15/45 (Call 12/15/44)		100		83,665
4.50%, 05/15/35 (Call 11/15/34)		549		505,162

Security	Par (000)		Value
Telecommunications (continued)
4.50%, 03/09/48 (Call 09/09/47)	$	337	$	281,569
4.55%, 03/09/49 (Call 09/09/48)		286		239,937
4.65%, 06/01/44 (Call 12/01/43)		85		73,095
4.75%, 05/15/46 (Call 11/15/45)		280		245,123
4.85%, 03/01/39 (Call 09/01/38)		155		142,693
4.85%, 07/15/45 (Call 01/15/45)		55		48,678
4.90%, 08/15/37 (Call 02/14/37)		168		157,076
5.15%, 03/15/42		167		159,044
5.15%, 02/15/50 (Call 08/14/49)		261		238,676
5.25%, 03/01/37 (Call 09/01/36)		232		225,225
5.35%, 09/01/40		14		13,492
5.40%, 02/15/34 (Call 11/15/33)		290		290,386
5.45%, 03/01/47 (Call 09/01/46)		105		102,023
5.55%, 08/15/41		40		39,841
5.65%, 02/15/47 (Call 08/15/46)(b)		50		50,087
5.70%, 03/01/57 (Call 09/01/56)		76		74,467
6.00%, 08/15/40 (Call 05/15/40)		150		153,769
6.30%, 01/15/38		30		31,712
6.38%, 03/01/41		75		78,913
6.55%, 02/15/39		73		78,454
Bell Telephone Co. of Canada or Bell Canada, 3.65%, 08/15/52 (Call 02/15/52)		40		29,406
British Telecommunications PLC
5.13%, 12/04/28 (Call 09/04/28)		670		673,434
9.63%, 12/15/30		1,227		1,500,563
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)		712		671,887
2.95%, 02/28/26		485		467,487
3.50%, 06/15/25		235		230,606
4.80%, 02/26/27 (Call 01/26/27)		100		100,023
4.85%, 02/26/29 (Call 01/26/29)		100		100,160
4.90%, 02/26/26		65		65,028
4.95%, 02/26/31 (Call 12/26/30)		75		75,064
5.05%, 02/26/34 (Call 11/26/33)		75		75,388
5.30%, 02/26/54 (Call 08/26/53)		125		126,492
5.35%, 02/26/64 (Call 08/26/63)		135		135,992
5.50%, 01/15/40		415		428,435
5.90%, 02/15/39		452		485,058
Corning Inc.
3.90%, 11/15/49 (Call 05/15/49)		27		20,893
4.38%, 11/15/57 (Call 05/15/57)		111		91,308
5.35%, 11/15/48 (Call 05/15/48)		84		80,665
5.75%, 08/15/40		53		52,974
Deutsche Telekom International Finance BV, 8.75%, 06/15/30		248		292,458
Juniper Networks Inc., 5.95%, 03/15/41		144		142,457
Koninklijke KPN NV, 8.38%, 10/01/30		1,520		1,771,733
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		85		69,999
4.60%, 02/23/28 (Call 11/23/27)		188		184,417
4.60%, 05/23/29 (Call 02/23/29)		237		230,398
5.50%, 09/01/44		60		57,021
5.60%, 06/01/32 (Call 03/01/32)		135		135,414
Nokia OYJ, 4.38%, 06/12/27		1,355		1,298,638
Orange SA
5.38%, 01/13/42		80		78,682
5.50%, 02/06/44 (Call 08/06/43)		120		119,731
9.00%, 03/01/31		850		1,027,161
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		114		107,289
3.20%, 03/15/27 (Call 02/15/27)		40		37,661

S C H E D U L E  O F  I N V E S T M E N T S 69

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
3.70%, 11/15/49 (Call 05/15/49)	$	175	$	125,732
3.80%, 03/15/32 (Call 12/15/31)		45		39,978
4.30%, 02/15/48 (Call 08/15/47)		210		167,775
4.35%, 05/01/49 (Call 11/01/48)		265		212,838
4.50%, 03/15/42 (Call 09/15/41)		45		38,640
4.50%, 03/15/43 (Call 09/15/42)		87		73,576
4.55%, 03/15/52 (Call 09/15/51)		80		66,023
5.00%, 03/15/44 (Call 09/15/43)		210		189,404
5.45%, 10/01/43 (Call 04/01/43)		85		81,292
7.50%, 08/15/38		87		100,045
Sprint Capital Corp., 8.75%, 03/15/32		20		24,168
Telefonica Emisiones SA
4.10%, 03/08/27		15		14,527
4.67%, 03/06/38		175		156,059
5.21%, 03/08/47		250		224,643
7.05%, 06/20/36		403		444,032
Telefonica Europe BV, 8.25%, 09/15/30		265		300,780
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		475		444,996
3.70%, 09/15/27 (Call 06/15/27)		545		517,306
4.30%, 06/15/49 (Call 12/15/48)		211		171,451
4.60%, 11/16/48 (Call 05/16/48)		251		214,490
T-Mobile USA Inc.
3.00%, 02/15/41 (Call 08/15/40)		140		101,034
3.30%, 02/15/51 (Call 08/15/50)		285		196,038
3.40%, 10/15/52 (Call 04/15/52)		330		229,179
3.60%, 11/15/60 (Call 05/15/60)		430		296,330
3.88%, 04/15/30 (Call 01/15/30)		40		37,142
4.38%, 04/15/40 (Call 10/15/39)		249		218,268
4.50%, 04/15/50 (Call 10/15/49)		575		486,055
5.65%, 01/15/53 (Call 07/15/52)		275		272,983
5.75%, 01/15/54 (Call 07/15/53)		300		303,383
5.80%, 09/15/62 (Call 03/15/62)		220		222,725
Verizon Communications Inc.
2.36%, 03/15/32 (Call 12/15/31)		15		12,149
2.55%, 03/21/31 (Call 12/21/30)		81		68,240
2.88%, 11/20/50 (Call 05/20/50)		470		299,460
2.99%, 10/30/56 (Call 04/30/56)		681		423,341
3.00%, 11/20/60 (Call 05/20/60)(b)		671		407,339
3.55%, 03/22/51 (Call 09/22/50)		595		432,054
3.70%, 03/22/61 (Call 09/22/60)		667		474,437
3.85%, 11/01/42 (Call 05/01/42)		321		258,175
4.13%, 08/15/46		419		342,917
4.40%, 11/01/34 (Call 05/01/34)		646		600,444
4.50%, 08/10/33		489		460,797
4.52%, 09/15/48		205		179,369
4.67%, 03/15/55		540		476,247
4.75%, 11/01/41		299		275,158
4.81%, 03/15/39		317		295,650
4.86%, 08/21/46		643		590,287
5.01%, 04/15/49(b)		125		121,513
5.01%, 08/21/54		390		361,503
5.05%, 05/09/33 (Call 02/09/33)		110		108,900
5.25%, 03/16/37		350		348,923
5.50%, 03/16/47		82		82,536
5.85%, 09/15/35		70		73,099
6.55%, 09/15/43		80		89,118
7.75%, 12/01/30		155		176,832
Vodafone Group PLC
4.13%, 05/30/25		771		758,432
4.25%, 09/17/50		235		185,119

Security	Par (000)		Value
Telecommunications (continued)
4.38%, 05/30/28	$	65	$	63,886
4.38%, 02/19/43		247		207,921
4.88%, 06/19/49		460		398,173
5.00%, 05/30/38		145		139,672
5.75%, 02/10/63 (Call 08/10/62)		85		82,993
6.15%, 02/27/37		470		490,542
6.25%, 11/30/32		90		95,545
7.88%, 02/15/30		285		323,139
				33,984,469
Toys, Games & Hobbies — 0.1%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)		249		233,638
3.55%, 11/19/26 (Call 09/19/26)		749		710,300
3.90%, 11/19/29 (Call 08/19/29)		1,106		1,014,835
6.35%, 03/15/40		55		55,742
				2,014,515
Transportation — 0.5%
Burlington Northern Santa Fe LLC
2.88%, 06/15/52 (Call 12/15/51)		15		9,750
3.05%, 02/15/51 (Call 08/15/50)		57		38,610
3.30%, 09/15/51 (Call 03/15/51)		15		10,691
3.55%, 02/15/50 (Call 08/15/49)		53		39,919
3.90%, 08/01/46 (Call 02/01/46)		82		65,995
4.05%, 06/15/48 (Call 12/15/47)		162		133,614
4.13%, 06/15/47 (Call 12/15/46)		82		68,575
4.15%, 04/01/45 (Call 10/01/44)		87		73,224
4.15%, 12/15/48 (Call 06/15/48)		143		119,114
4.55%, 09/01/44 (Call 03/01/44)		40		35,741
4.70%, 09/01/45 (Call 03/01/45)		30		27,415
4.90%, 04/01/44 (Call 10/01/43)		80		75,485
5.15%, 09/01/43 (Call 03/01/43)		92		89,576
5.20%, 04/15/54 (Call 10/15/53)		195		190,552
5.40%, 06/01/41 (Call 12/01/40)		70		70,447
5.75%, 05/01/40 (Call 11/01/39)		55		57,488
Canadian National Railway Co.
2.45%, 05/01/50 (Call 11/01/49)		585		364,770
3.20%, 08/02/46 (Call 02/02/46)		169		125,278
3.65%, 02/03/48 (Call 08/03/47)		117		92,671
3.85%, 08/05/32 (Call 05/05/32)		50		46,007
4.40%, 08/05/52 (Call 02/05/52)		105		92,471
4.45%, 01/20/49 (Call 07/20/48)		145		129,506
5.85%, 11/01/33 (Call 08/01/33)		40		42,453
6.20%, 06/01/36		150		163,449
6.25%, 08/01/34		40		43,678
6.38%, 11/15/37		51		55,840
Canadian Pacific Railway Co.
2.45%, 12/02/31 (Call 09/02/31)		70		62,173
3.10%, 12/02/51 (Call 06/02/51)		350		238,076
3.50%, 05/01/50 (Call 11/01/49)		100		73,025
4.20%, 11/15/69 (Call 05/15/69)		195		152,560
4.30%, 05/15/43 (Call 11/15/42)		157		134,287
4.80%, 09/15/35 (Call 03/15/35)		60		57,401
4.80%, 08/01/45 (Call 02/01/45)		110		99,544
5.95%, 05/15/37		85		87,852
6.13%, 09/15/2115 (Call 03/15/15)		400		420,422
7.13%, 10/15/31		110		122,889
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28)		1,695		1,634,114
CSX Corp. 2.40%, 02/15/30 (Call 11/15/29)		119		103,289

70 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
2.50%, 05/15/51 (Call 11/15/50)	$	40	$	24,331
3.35%, 09/15/49 (Call 03/15/49)		180		128,913
3.80%, 11/01/46 (Call 05/01/46)		154		121,256
3.80%, 04/15/50 (Call 10/15/49)		95		73,775
3.95%, 05/01/50 (Call 11/01/49)		138		110,279
4.10%, 11/15/32 (Call 08/15/32)		50		46,653
4.10%, 03/15/44 (Call 09/15/43)		69		58,011
4.25%, 11/01/66 (Call 05/01/66)		60		47,799
4.30%, 03/01/48 (Call 09/01/47)		220		187,658
4.40%, 03/01/43 (Call 09/01/42)		78		69,143
4.50%, 03/15/49 (Call 09/15/48)		133		116,093
4.50%, 11/15/52 (Call 05/15/52)		25		21,871
4.50%, 08/01/54 (Call 02/01/54)		160		139,202
4.65%, 03/01/68 (Call 09/01/67)		88		75,629
4.75%, 05/30/42 (Call 11/30/41)		225		207,199
4.75%, 11/15/48 (Call 05/15/48)		103		93,755
5.50%, 04/15/41 (Call 10/15/40)		160		161,448
6.00%, 10/01/36		82		87,259
6.15%, 05/01/37		79		85,584
6.22%, 04/30/40		110		119,183
FedEx Corp.
3.88%, 08/01/42		40		31,755
3.90%, 02/01/35		79		69,537
4.05%, 02/15/48 (Call 08/15/47)		210		165,090
4.10%, 04/15/43		58		47,264
4.10%, 02/01/45		155		124,209
4.40%, 01/15/47 (Call 07/15/46)		155		128,566
4.55%, 04/01/46 (Call 10/01/45)		278		236,772
4.75%, 11/15/45 (Call 05/15/45)		243		212,681
4.90%, 01/15/34		77		74,780
4.95%, 10/17/48 (Call 04/17/48)		81		72,926
5.10%, 01/15/44		160		147,938
5.25%, 05/15/50 (Call 11/15/49)(b)		301		284,031
Norfolk Southern Corp.
2.55%, 11/01/29 (Call 08/01/29)		132		116,001
2.90%, 08/25/51 (Call 02/25/51)		311		199,976
3.16%, 05/15/55 (Call 11/15/54)		210		137,567
3.40%, 11/01/49 (Call 05/01/49)		101		73,321
3.94%, 11/01/47 (Call 05/01/47)		200		157,977
3.95%, 10/01/42 (Call 04/01/42)		137		112,349
4.05%, 08/15/52 (Call 02/15/52)		224		178,499
4.10%, 05/15/49 (Call 11/15/48)		285		231,436
4.10%, 05/15/2121 (Call 11/15/20)		10		7,217
4.15%, 02/28/48 (Call 08/28/47)		249		205,795
4.45%, 03/01/33 (Call 12/01/32)(b)		50		47,575
4.45%, 06/15/45 (Call 12/15/44)		121		104,185
4.55%, 06/01/53 (Call 12/01/52)		40		34,618
4.65%, 01/15/46 (Call 07/15/45)		100		88,582
4.84%, 10/01/41		210		195,676
5.05%, 08/01/30 (Call 06/01/30)		175		174,758
5.35%, 08/01/54 (Call 02/01/54)		140		137,357
Ryder System Inc.
1.75%, 09/01/26 (Call 08/01/26)		135		124,019
2.85%, 03/01/27 (Call 02/01/27)		45		42,081
2.90%, 12/01/26 (Call 10/01/26)		40		37,583
4.30%, 06/15/27 (Call 05/15/27)		40		38,928
4.63%, 06/01/25 (Call 05/01/25)		533		527,973
5.25%, 06/01/28 (Call 05/01/28)		1,105		1,106,670
5.30%, 03/15/27 (Call 02/15/27)		75		75,098
5.38%, 03/15/29 (Call 02/15/29)		100		99,890
5.65%, 03/01/28 (Call 02/01/28)		125		127,077

Security	Par (000)		Value
Transportation (continued)
6.30%, 12/01/28 (Call 11/01/28)	$	115	$	119,833
6.60%, 12/01/33 (Call 09/01/33)		540		578,175
Union Pacific Corp.
2.97%, 09/16/62 (Call 03/16/62)		75		46,393
3.25%, 02/05/50 (Call 08/05/49)		280		201,967
3.35%, 08/15/46 (Call 02/15/46)		59		42,602
3.38%, 02/01/35 (Call 08/01/34)		60		51,210
3.50%, 02/14/53 (Call 08/14/52)		30		22,311
3.55%, 08/15/39 (Call 02/15/39)		140		114,840
3.55%, 05/20/61 (Call 11/20/60)		110		78,430
3.60%, 09/15/37 (Call 03/15/37)		75		64,098
3.75%, 02/05/70 (Call 08/05/69)		147		107,437
3.80%, 10/01/51 (Call 04/01/51)		209		164,803
3.80%, 04/06/71 (Call 10/06/70)		175		128,097
3.84%, 03/20/60 (Call 09/20/59)		342		259,312
3.85%, 02/14/72 (Call 08/14/71)		120		88,901
3.88%, 02/01/55 (Call 08/01/54)		150		116,418
3.95%, 08/15/59 (Call 02/15/59)		105		81,442
4.00%, 04/15/47 (Call 10/15/46)		90		73,157
4.05%, 11/15/45 (Call 05/15/45)		64		52,440
4.05%, 03/01/46 (Call 09/01/45)		197		162,189
4.10%, 09/15/67 (Call 03/15/67)		115		90,345
4.30%, 03/01/49 (Call 09/01/48)		100		84,759
4.50%, 09/10/48 (Call 03/10/48)		320		280,582
4.95%, 05/15/53 (Call 11/15/52)		80		76,522
United Parcel Service Inc.
3.40%, 11/15/46 (Call 05/15/46)		161		122,986
3.40%, 09/01/49 (Call 03/01/49)(b)		170		126,978
3.63%, 10/01/42		160		129,455
3.75%, 11/15/47 (Call 05/15/47)		235		185,880
4.25%, 03/15/49 (Call 09/15/48)		115		98,838
4.88%, 03/03/33 (Call 12/03/32)		200		198,504
4.88%, 11/15/40 (Call 05/15/40)		295		282,730
5.05%, 03/03/53 (Call 09/03/52)(b)		100		96,924
5.20%, 04/01/40 (Call 10/01/39)		150		149,065
5.30%, 04/01/50 (Call 10/01/49)		188		188,512
6.20%, 01/15/38		411		449,456
				18,516,340
Trucking & Leasing — 0.1%
GATX Corp.
3.10%, 06/01/51 (Call 12/01/50)		185		118,896
3.25%, 03/30/25 (Call 12/30/24)		135		131,623
3.25%, 09/15/26 (Call 06/15/26)		165		157,243
3.50%, 03/15/28 (Call 12/15/27)		100		93,783
3.50%, 06/01/32 (Call 03/01/32)		55		47,558
3.85%, 03/30/27 (Call 12/30/26)		155		148,691
4.55%, 11/07/28 (Call 08/07/28)		164		160,136
4.70%, 04/01/29 (Call 01/01/29)		80		78,210
5.20%, 03/15/44 (Call 09/15/43)		87		79,405
5.40%, 03/15/27 (Call 02/15/27)		25		25,047
5.45%, 09/15/33 (Call 06/15/33)		310		308,726
6.05%, 03/15/34 (Call 12/15/33)		305		312,231
6.90%, 05/01/34 (Call 02/01/34)		175		190,321
				1,851,870
Venture Capital — 0.0%
Hercules Capital Inc., 3.38%, 01/20/27 (Call 12/20/26)		5		4,534
Water — 0.1%
American Water Capital Corp. 2.80%, 05/01/30 (Call 02/01/30)		139		121,662

S C H E D U L E  O F  I N V E S T M E N T S 71

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Water (continued)
3.25%, 06/01/51 (Call 12/01/50)	$	20	$	14,075
3.45%, 06/01/29 (Call 03/01/29)		217		201,728
3.45%, 05/01/50 (Call 11/01/49)		245		179,188
3.75%, 09/01/47 (Call 03/01/47)		312		242,147
4.00%, 12/01/46 (Call 06/01/46)		86		69,578
4.15%, 06/01/49 (Call 12/01/48)(b)		198		163,659
4.20%, 09/01/48 (Call 03/01/48)		126		105,814
4.30%, 12/01/42 (Call 06/01/42)		50		43,658
4.30%, 09/01/45 (Call 03/01/45)		30		25,595
5.45%, 03/01/54 (Call 09/01/53)		75		73,846
6.59%, 10/15/37		80		89,828
Essential Utilities Inc.
2.70%, 04/15/30 (Call 01/15/30)		157		135,115
3.35%, 04/15/50 (Call 10/15/49)		248		171,454
3.57%, 05/01/29 (Call 02/01/29)		160		148,326
4.28%, 05/01/49 (Call 11/01/48)		258		207,846
5.30%, 05/01/52 (Call 11/01/51)		140		130,013
5.38%, 01/15/34 (Call 10/15/33)		25		24,562
United Utilities PLC, 6.88%, 08/15/28		40		42,372
				2,190,466
Total Corporate Bonds & Notes — 25.7% (Cost: $985,529,533)				916,438,958
Foreign Government Obligations
Canada — 0.3%
Hydro-Quebec
Series HH, 8.50%, 12/01/29		170		198,364
Series HK, 9.38%, 04/15/30		1,835		2,254,599
Series HQ, 9.50%, 11/15/30		970		1,208,975
Province of Alberta Canada
1.30%, 07/22/30		311		255,147
3.30%, 03/15/28		889		846,643
4.50%, 01/24/34		700		688,684
Province of British Columbia Canada
4.20%, 07/06/33		2,125		2,053,474
4.80%, 11/15/28		700		708,134
7.25%, 09/01/36		90		109,897
Province of Manitoba Canada
1.50%, 10/25/28		105		91,700
4.30%, 07/27/33		980		950,025
Province of Ontario Canada
1.13%, 10/07/30		355		286,220
1.60%, 02/25/31		240		197,915
1.80%, 10/14/31		295		243,110
2.13%, 01/21/32		230		193,246
Province of Quebec Canada
1.35%, 05/28/30		360		297,899
1.90%, 04/21/31		140		117,346
2.75%, 04/12/27		75		70,965
3.63%, 04/13/28		30		28,936
4.50%, 09/08/33		1,035		1,021,702
Series PD, 7.50%, 09/15/29		379		432,587
				12,255,568
Chile — 0.0%
Chile Government International Bond
2.55%, 07/27/33 (Call 04/27/33)		200		161,713
3.10%, 05/07/41 (Call 11/07/40)		325		238,360
3.10%, 01/22/61 (Call 07/22/60)		390		244,086
3.25%, 09/21/71 (Call 03/21/71)		220		137,997

Security	Par (000)		Value
Chile (continued)
3.50%, 01/31/34 (Call 10/31/33)	$	205	$	178,316
3.50%, 01/25/50 (Call 07/25/49)		372		269,565
3.86%, 06/21/47		260		203,831
4.95%, 01/05/36 (Call 10/05/35)		190		183,634
				1,617,502
Hungary — 0.0%
Hungary Government International Bond, 7.63%, 03/29/41		217		248,594
Indonesia — 0.1%
Indonesia Government International Bond
3.05%, 03/12/51		65		45,317
3.20%, 09/23/61 (Call 03/23/61)		65		42,286
3.35%, 03/12/71		110		71,981
3.50%, 01/11/28		102		96,663
3.50%, 02/14/50		125		92,072
3.70%, 10/30/49		80		61,395
4.10%, 04/24/28		300		289,937
4.20%, 10/15/50		85		70,632
4.30%, 03/31/52 (Call 09/30/51)		15		12,655
4.35%, 01/11/48		80		69,003
4.45%, 04/15/70		552		458,288
5.35%, 02/11/49		145		144,553
5.45%, 09/20/52 (Call 03/20/52)		10		9,944
5.65%, 01/11/53 (Call 07/11/52)		520		536,931
				2,001,657
Israel — 0.0%
Israel Government International Bond
3.88%, 07/03/50		455		334,688
4.13%, 01/17/48		275		214,544
4.50%, 01/17/33		255		237,074
4.50%, 01/30/43		105		90,467
4.50%,		180		132,009
State of Israel, 3.38%, 01/15/50		115		77,130
				1,085,912
Italy — 0.1%
Republic of Italy Government International Bond
2.88%, 10/17/29		1,070		942,660
3.88%, 05/06/51		1,130		782,053
4.00%, 10/17/49		527		376,018
5.38%, 06/15/33		951		933,329
				3,034,060
Japan — 0.0%
Japan Bank for International Cooperation, 1.88%, 04/15/31		85		70,546
Mexico — 0.2%
Mexico Government International Bond
3.50%, 02/12/34 (Call 11/12/33)		35		28,927
3.77%, 05/24/61 (Call 11/24/60)		335		215,326
4.28%, 08/14/41 (Call 02/14/41)		460		365,388
4.35%, 01/15/47		212		163,411
4.40%, 02/12/52 (Call 08/12/51)		220		166,026
4.50%, 04/22/29		490		471,253
4.50%, 01/31/50 (Call 07/31/49)		377		293,297
4.60%, 01/23/46		412		328,708
4.60%, 02/10/48		337		266,367
4.75%, 03/08/44		556		459,066
5.00%, 04/27/51 (Call 10/27/50)		395		328,730
5.55%, 01/21/45(b)		360		331,505
5.75%,		449		388,199

72 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mexico (continued)
6.00%, 05/07/36 (Call 02/07/36)	$	40	$	39,883
6.05%, 01/11/40		423		414,166
6.34%, 05/04/53 (Call 11/04/52)		470		459,180
6.35%, 02/09/35 (Call 11/09/34)		320		327,870
6.40%, 05/07/54 (Call 11/07/53)		200		197,330
6.75%, 09/27/34		416		438,686
7.50%, 04/08/33		540		606,082
8.30%, 08/15/31(b)		365		431,258
				6,720,658
Panama — 0.1%
Panama Government International Bond
2.25%, 09/29/32 (Call 06/29/32)		5		3,503
3.87%, 07/23/60 (Call 01/23/60)		455		254,276
4.30%, 04/29/53		215		134,990
4.50%, 05/15/47 (Call 11/15/46)		60		40,058
4.50%, 04/16/50 (Call 10/16/49)		300		195,257
4.50%, 04/01/56 (Call 10/01/55)		512		322,795
4.50%, 01/19/63 (Call 07/19/62)		330		204,684
6.40%, 02/14/35 (Call 11/14/34)		120		110,808
6.70%, 01/26/36		572		540,868
9.38%, 04/01/29		117		129,262
				1,936,501
Peru — 0.1%
Peruvian Government International Bond
2.78%, 12/01/60 (Call 06/01/60)		430		246,580
3.00%, 01/15/34 (Call 10/15/33)		235		191,052
3.23%, (Call 01/28/21)		240		137,190
3.30%, 03/11/41 (Call 09/11/40)		65		48,224
3.55%, 03/10/51 (Call 09/10/50)		150		107,646
3.60%, 01/15/72 (Call 07/15/71)		115		75,516
5.63%, 11/18/50		372		368,168
6.55%, 03/14/37		541		583,513
8.75%, 11/21/33		497		610,104
				2,367,993
Philippines — 0.1%
Philippine Government International Bond
2.95%, 05/05/45		185		127,959
3.20%, 07/06/46		140		99,673
3.70%, 03/01/41		337		275,112
3.70%, 02/02/42		242		196,625
3.95%, 01/20/40		152		129,935
5.00%, 01/13/37		257		252,956
5.50%, 01/17/48		160		162,706
5.95%, 10/13/47		20		21,248
6.38%, 01/15/32		135		145,901
6.38%, 10/23/34		297		326,102
7.75%, 01/14/31		225		259,260
9.50%, 02/02/30		167		204,940
				2,202,417
Poland — 0.0%
Republic of Poland Government International Bond
4.88%, 10/04/33 (Call 07/04/33)		365		357,369
5.50%, 04/04/53 (Call 10/04/52)		340		339,586
5.75%, 11/16/32 (Call 08/16/32)		175		182,458
				879,413

Security	Par (000)		Value
South Korea — 0.0%
Korea International Bond
3.88%, 09/20/48	$	283	$	240,805
4.13%, 06/10/44		555		499,585
				740,390
Supranational — 2.3%
Asian Development Bank
6.22%, 08/15/27		870		909,875
6.38%, 10/01/28		41		43,733
Council of Europe Development Bank
0.88%, 09/22/26(b)		2,385		2,172,415
3.63%, 01/26/28		980		951,210
European Investment Bank
2.38%, 05/24/27		1,375		1,289,908
4.13%, 02/13/34		500		490,305
4.88%, 02/15/36		1,393		1,444,308
Inter-American Development Bank
0.63%, 07/15/25		1,220		1,150,822
0.63%, 09/16/27		1,279		1,119,679
0.88%, 04/03/25		1,700		1,624,946
0.88%, 04/20/26		2,885		2,665,679
1.13%, 07/20/28		1,498		1,304,205
1.13%, 01/13/31		1,980		1,599,835
1.50%, 01/13/27		1,300		1,195,705
1.75%, 03/14/25		1,330		1,285,296
2.00%, 06/02/26		485		457,609
2.00%, 07/23/26		700		658,868
2.25%, 06/18/29		1,270		1,142,288
2.38%, 07/07/27		1,657		1,549,323
3.13%, 09/18/28		1,160		1,099,279
3.20%, 08/07/42		895		721,752
3.50%, 09/14/29		965		922,525
3.50%, 04/12/33		55		51,185
3.88%, 10/28/41		860		765,665
4.38%, 01/24/44		640		607,944
4.50%, 09/13/33		25		25,144
7.00%, 06/15/25		95		97,047
International Bank for Reconstruction & Development
0.38%, 07/28/25		1,055		990,651
0.50%, 10/28/25		2,055		1,915,212
0.63%, 04/22/25		1,875		1,784,742
0.65%, 02/10/26 (Call 05/10/24)(b)		345		317,192
0.75%, 03/11/25		1,220		1,167,781
0.75%, 11/24/27		3,580		3,128,969
0.75%, 08/26/30		3,480		2,766,719
0.85%, 02/10/27 (Call 05/10/24)(b)		155		137,217
0.88%, 05/14/30		2,290		1,852,204
1.13%, 09/13/28		610		528,860
1.25%, 02/10/31		855		695,187
1.38%, 04/20/28		3,650		3,231,599
1.63%, 11/03/31		2,695		2,215,782
1.75%, 10/23/29		2,857		2,481,798
1.88%, 10/27/26		2,959		2,763,198
2.13%, 03/03/25		1,730		1,680,404
2.50%, 07/29/25		3,461		3,348,346
2.50%, 11/22/27		4,300		4,015,049
2.50%, 03/29/32		1,310		1,143,984
3.13%, 11/20/25		960		933,522
3.50%, 07/12/28		220		212,211
3.88%, 02/14/30		610		593,378
4.75%, 11/14/33		2,400		2,465,275

S C H E D U L E  O F  I N V E S T M E N T S 73

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Supranational (continued)
4.75%, 02/15/35(b)	$	1,869	$	1,894,604
International Finance Corp.
0.38%, 07/16/25		770		724,016
0.75%, 10/08/26		1,305		1,184,955
0.75%, 08/27/30		1,280		1,019,773
2.13%, 04/07/26		735		698,187
3.63%, 09/15/25		2,810		2,757,923
Nordic Investment Bank
0.38%, 09/11/25		3,190		2,982,061
2.63%, 04/04/25		2,840		2,766,279
3.38%, 09/08/27		970		935,204
				82,678,832
Uruguay — 0.1%
Uruguay Government International Bond
4.13%, 11/20/45		225		195,942
4.98%, 04/20/55		654		608,983
5.10%, 06/18/50		657		630,848
5.75%, 10/28/34 (Call 07/28/34)		100		105,138
7.63%, 03/21/36		468		562,125
				2,103,036
Total Foreign Government Obligations — 3.4% (Cost: $128,647,569)				119,943,079
Municipal Debt Obligations
California — 0.0%
State of California GO BAB, 7.55%, 04/01/39(b)		35		42,527
Illinois — 0.0%
State of Illinois GO, 5.10%, 06/01/33		95		93,582
Total Municipal Debt Obligations — 0.0% (Cost: $139,407)				136,109
U.S. Government & Agency Obligations
Mortgage-Backed Securities — 27.1%
Federal Home Loan Mortgage Corp.
2.50%, 01/01/32		83		77,060
3.00%, 05/01/29		2,820		2,732,625
3.00%, 03/01/46		339		298,041
3.00%, 09/01/46		316		281,695
3.00%, 12/01/46		412		361,631
3.50%, 05/01/33		18		17,073
3.50%, 06/01/34		12		11,776
3.50%, 03/01/38		27		25,155
3.50%, 10/01/42		9		8,550
3.50%, 10/01/44		10		9,545
3.50%, 07/01/47		13		11,978
3.50%, 09/01/47		13		11,360
3.50%, 02/01/48		6		5,842
3.50%, 03/01/48		5		4,529
4.00%, 09/01/45		5		4,898
4.00%, 01/01/48		339		318,189
4.00%, 02/01/48		4		3,846
4.00%, 01/01/49		7		6,731
4.50%, 10/01/48		14		13,333
4.50%, 01/01/49		3		2,480
Federal National Mortgage Association
Series 2017-M11, Class A2, 2.98%, 08/25/29		144		132,407
Series 2017-M8, Class A2, 3.06%, 05/25/27(a)		1,527		1,453,860

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Series 2021-M13, Class A2, 1.60%, 04/25/31(a)	$	600	$	485,158
Series 2021-M17, Class A2, 1.71%, 07/25/31(a)		1,000		812,690
Freddie Mac Multifamily Structured Pass Through Certificates
2.58%, 05/25/32 (Call 06/25/32)		5,000		4,259,717
Series K047, Class A2, 3.33%, 05/25/25 (Call 05/25/25)(a)		200		195,716
Series K048, Class A2, 3.28%, 06/25/25 (Call 08/25/25)(a)		5,314		5,194,910
Series K062, Class A2, 3.41%, 12/25/26 (Call 01/25/27)		100		96,423
Series K077, Class A2, 3.85%, 05/25/28 (Call 05/25/28)(a)		2,000		1,931,613
Series K100, Class A2, 2.67%, 09/25/29 (Call 10/25/29)		1,000		898,974
Series K101, Class A2, 2.52%, 10/25/29 (Call 01/25/30)		300		267,663
Series K115, Class A2, 1.38%, 06/25/30 (Call 07/25/30)		1,920		1,570,609
Series K131, Class A2, 1.85%, 07/25/31 (Call 09/25/31)		2,000		1,644,310
Series K735, Class A2, 2.86%, 05/25/26 (Call 06/25/26)		2,932		2,812,440
Series K739, Class A2, 1.34%, 09/25/27 (Call 09/25/27)		900		807,903
Government National Mortgage Association
1.50%, 10/20/51		231		178,516
2.00%, 07/20/50		72		58,983
2.00%, 08/20/50		3,302		2,695,454
2.00%, 09/20/50		3,968		3,238,165
2.00%, 11/20/50		1,644		1,340,980
2.00%, 12/20/50		1,701		1,386,618
2.00%, 01/20/51		2,900		2,363,763
2.00%, 02/20/51		3,900		3,178,098
2.00%, 08/20/51		4,103		3,340,344
2.00%, 10/20/51		3,136		2,551,578
2.00%, 11/20/51		864		703,047
2.00%, 12/20/51		3,202		2,604,463
2.00%, 01/20/52		10,308		8,384,401
2.00%, 03/20/52		1,373		1,116,428
2.00%, 04/20/52		3,987		3,243,475
2.00%, 03/20/54(f)		7,819		6,363,014
2.50%, 12/20/46		106		91,437
2.50%, 06/20/50		3,791		3,216,038
2.50%, 08/20/50		314		262,944
2.50%, 09/20/50		440		367,193
2.50%, 01/20/51		1,177		995,668
2.50%, 02/20/51		6,984		5,921,317
2.50%, 05/20/51		835		707,664
2.50%, 07/20/51		2,811		2,380,257
2.50%, 08/20/51		7,328		6,204,701
2.50%, 11/20/51		2,961		2,505,317
2.50%, 12/20/51		2,753		2,329,706
2.50%, 02/20/52		2,184		1,846,838
2.50%, 03/20/52		3,761		3,181,018
2.50%, 04/20/52		3,231		2,732,982
2.50%, 05/20/52		2,011		1,700,817
2.50%, 07/20/52		663		560,894
2.50%, 08/20/52		1,591		1,345,945
2.50%, 03/20/54(f)		6,585		5,572,724
3.00%, 07/20/45		52		46,709

74 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 11/20/45	$	244	$	217,857
3.00%, 12/20/45		42		37,585
3.00%, 01/20/46		22		19,670
3.00%, 03/20/46		387		344,701
3.00%, 04/20/46		10		9,156
3.00%, 05/20/46		26		23,342
3.00%, 08/20/46		320		284,263
3.00%, 09/20/46		768		683,012
3.00%, 11/20/46		20		17,618
3.00%, 02/15/47		24		20,966
3.00%, 03/20/47		8		7,105
3.00%, 06/20/47		25		22,324
3.00%, 10/20/47		452		401,992
3.00%, 02/20/48		17		15,359
3.00%, 04/20/49		812		721,649
3.00%, 10/15/49		139		122,565
3.00%, 01/20/50		835		738,673
3.00%, 02/20/50		175		154,552
3.00%, 07/20/50		1,490		1,314,121
3.00%, 08/20/50		260		229,259
3.00%, 12/20/50		1,138		1,002,383
3.00%, 08/20/51		2,171		1,905,771
3.00%, 09/20/51		1,613		1,415,735
3.00%, 10/20/51		3,071		2,693,973
3.00%, 11/20/51		1,379		1,209,205
3.00%, 12/20/51		1,733		1,519,314
3.00%, 02/20/52		2,491		2,182,562
3.00%, 03/20/52		2,661		2,308,518
3.00%, 05/20/52		908		795,394
3.00%, 07/20/52		887		777,171
3.00%, 09/20/52		565		495,371
3.00%, 03/20/54(f)		12,238		10,728,115
3.50%, 09/20/42		33		30,333
3.50%, 12/20/42		29		27,289
3.50%, 09/20/45		2,502		2,300,318
3.50%, 11/20/46		8		7,046
3.50%, 01/20/47		7		6,727
3.50%, 06/20/47		7		5,975
3.50%, 08/20/47		115		105,498
3.50%, 09/20/47		4,433		4,055,345
3.50%, 11/20/47		28		25,922
3.50%, 02/20/48		15		13,828
3.50%, 08/20/48		28		25,641
3.50%, 01/20/49		12		11,075
3.50%, 03/20/49		1,258		1,151,130
3.50%, 09/20/49		843		769,322
3.50%, 10/20/49		597		545,582
3.50%, 12/20/49		241		219,907
3.50%, 01/20/50		553		504,913
3.50%, 03/20/50		378		345,131
3.50%, 08/20/50		185		167,851
3.50%, 01/20/52		2,510		2,271,561
3.50%, 02/20/52		547		494,585
3.50%, 10/20/52		1,400		1,265,282
3.50%, 05/20/53		1,541		1,405,844
3.50%, 03/20/54(f)		11,024		9,970,618
4.00%, 04/20/47		57		53,355
4.00%, 07/20/47		64		60,451
4.00%, 11/20/47		13		12,529
4.00%, 04/20/48		3		2,426
4.00%, 05/15/48		4		3,740

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 05/20/48	$	10	$	9,199
4.00%, 08/20/48		21		20,045
4.00%, 09/20/48		55		52,047
4.00%, 11/20/48		622		585,657
4.00%, 12/20/48		1,099		1,035,806
4.00%, 02/20/49		764		720,161
4.00%, 01/20/50		2,265		2,132,752
4.00%, 02/20/50		1,877		1,767,513
4.00%, 07/20/52		259		241,357
4.00%, 09/20/52		2,829		2,632,120
4.00%, 12/20/52		690		642,349
4.00%, 03/20/54(f)		7,581		7,054,880
4.50%, 07/20/41		878		863,933
4.50%, 06/20/48		19		18,630
4.50%, 08/20/48		3		3,110
4.50%, 09/20/48		235		227,531
4.50%, 10/20/48		117		113,434
4.50%, 12/20/48		46		44,416
4.50%, 01/20/49		172		166,540
4.50%, 03/20/49		1,334		1,291,718
4.50%, 06/20/49		33		31,628
4.50%, 07/20/49		14		13,097
4.50%, 08/20/49		3		3,294
4.50%, 07/20/52		928		888,423
4.50%, 08/20/52		4,153		3,970,634
4.50%, 04/20/53		3,379		3,225,705
4.50%, 06/20/53		1,740		1,660,877
4.50%, 03/20/54(f)		2,424		2,314,647
5.00%, 04/20/48		6		5,957
5.00%, 05/20/48		3		2,639
5.00%, 11/20/48		2		1,956
5.00%, 12/20/48		4		4,201
5.00%, 01/20/49		21		21,143
5.00%, 06/20/49		322		319,660
5.00%, 07/20/52		236		230,240
5.00%, 09/20/52		1,718		1,678,372
5.00%, 04/20/53		2,515		2,456,054
5.00%, 07/20/53		4,201		4,102,036
5.00%, 03/20/54(f)		5,627		5,495,912
5.50%, 12/20/52		2,736		2,719,635
5.50%, 01/20/53		117		115,968
5.50%, 03/20/53		2,450		2,433,166
5.50%, 04/20/53		2,653		2,634,801
5.50%, 06/20/53		590		586,078
5.50%, 07/20/53		679		679,949
5.50%, 03/20/54(f)		3,250		3,228,291
6.00%, 09/20/53		1,574		1,581,747
6.00%, 10/20/53		2,363		2,374,809
6.00%, 01/20/54		667		670,248
6.00%, 03/20/54(f)		5,025		5,049,502
6.50%, 11/20/53		1,361		1,380,485
6.50%, 01/20/54		2,007		2,035,770
6.50%, 03/20/54(f)		4,066		4,121,000
Uniform Mortgage-Backed Securities
1.50%, 03/01/36		456		394,544
1.50%, 10/01/36		384		332,458
1.50%, 11/01/36		253		220,129
1.50%, 02/01/37		2,512		2,169,077
1.50%, 03/01/37		3,592		3,104,459
1.50%, 04/01/37		602		519,953
1.50%, 08/01/37		337		290,685

S C H E D U L E  O F  I N V E S T M E N T S 75

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
1.50%, 03/18/39(f)	$	4,631	$	3,992,446
1.50%, 11/01/50		435		325,903
1.50%, 02/01/51		3,296		2,457,315
1.50%, 04/01/51		1,162		868,774
1.50%, 05/01/51		2,220		1,658,916
1.50%, 07/01/51		4,446		3,322,473
1.50%, 11/01/51		1,492		1,114,361
1.50%, 04/01/52		457		341,398
1.50%, 03/13/54(f)		1,000		745,976
2.00%, 12/01/35		1,545		1,370,354
2.00%, 02/01/36		4,464		3,965,913
2.00%, 03/01/36		686		607,486
2.00%, 05/01/36		1,474		1,308,089
2.00%, 06/01/36		1,322		1,171,739
2.00%, 08/01/36		1,162		1,029,018
2.00%, 09/01/36		1,965		1,736,160
2.00%, 10/01/36		562		496,893
2.00%, 11/01/36		1,158		1,024,054
2.00%, 12/01/36		1,561		1,379,446
2.00%, 01/01/37		3,300		2,916,700
2.00%, 02/01/37		5,866		5,179,876
2.00%, 03/01/37		2,841		2,504,660
2.00%, 04/01/37		7,984		7,036,992
2.00%, 05/01/37		3,071		2,707,107
2.00%, 06/01/37		2,235		1,970,273
2.00%, 03/18/39(f)		12,936		11,410,525
2.00%, 07/01/50		1,255		995,236
2.00%, 08/01/50		800		637,102
2.00%, 09/01/50		3,803		3,015,910
2.00%, 10/01/50		2,655		2,103,944
2.00%, 11/01/50		4,122		3,261,206
2.00%, 12/01/50		8,084		6,443,881
2.00%, 01/01/51		3,760		2,983,064
2.00%, 02/01/51		3,019		2,391,190
2.00%, 03/01/51		4,458		3,530,477
2.00%, 04/01/51		8,364		6,614,638
2.00%, 05/01/51		12,270		9,701,911
2.00%, 06/01/51		4,012		3,180,533
2.00%, 07/01/51		2,846		2,251,179
2.00%, 08/01/51		5,571		4,393,012
2.00%, 09/01/51		1,779		1,402,208
2.00%, 10/01/51		14,080		11,138,145
2.00%, 11/01/51		12,516		9,883,551
2.00%, 12/01/51		7,990		6,309,183
2.00%, 01/01/52		12,727		10,042,323
2.00%, 02/01/52		16,363		12,869,408
2.00%, 03/01/52		385		302,412
2.00%, 03/01/52(g)		26,902		21,152,038
2.00%, 05/01/52		22,625		17,801,377
2.00%, 03/13/54(f)		17,235		13,540,924
2.00%, 04/11/54(f)		8,610		6,773,991
2.50%, 01/01/32		68		63,451
2.50%, 04/01/32		310		290,267
2.50%, 06/01/32		120		112,238
2.50%, 01/01/33		58		55,128
2.50%, 11/01/34		374		341,662
2.50%, 07/01/35		511		467,066
2.50%, 10/01/35		2,110		1,924,446
2.50%, 03/01/36		860		783,348
2.50%, 05/01/36		1,763		1,600,576
2.50%, 06/01/36		450		408,810

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
2.50%, 07/01/36	$	1,712	$	1,556,070
2.50%, 08/01/36		316		286,902
2.50%, 03/01/37		1,018		923,697
2.50%, 04/01/37		1,175		1,067,521
2.50%, 05/01/37		2,052		1,863,049
2.50%, 06/01/37		863		783,435
2.50%, 03/18/39(f)		15,788		14,312,432
2.50%, 04/01/47		13		10,691
2.50%, 05/01/50		2,269		1,882,002
2.50%, 06/01/50		83		68,009
2.50%, 07/01/50		225		189,040
2.50%, 08/01/50		244		203,025
2.50%, 09/01/50		1,509		1,254,755
2.50%, 10/01/50		591		491,194
2.50%, 11/01/50		7,225		6,014,606
2.50%, 12/01/50		6,547		5,387,971
2.50%, 01/01/51		1,016		840,047
2.50%, 02/01/51		1,630		1,348,716
2.50%, 03/01/51		1,823		1,511,108
2.50%, 04/01/51		285		233,844
2.50%, 07/01/51		1,213		1,001,162
2.50%, 08/01/51		9,237		7,660,417
2.50%, 09/01/51		12,116		9,988,489
2.50%, 10/01/51		14,570		12,060,543
2.50%, 11/01/51		6,080		5,014,305
2.50%, 12/01/51		18,686		15,418,657
2.50%, 01/01/52		17,566		14,488,045
2.50%, 02/01/52		15,401		12,691,049
2.50%, 03/01/52		8,599		7,077,965
2.50%, 04/01/52		8,511		7,007,033
2.50%, 05/01/52		2,040		1,677,477
2.50%, 07/01/52		3,675		3,020,875
2.50%, 03/13/54(f)		6,954		5,712,779
3.00%, 03/01/30		839		807,239
3.00%, 01/01/31		38		35,973
3.00%, 08/01/32		72		68,022
3.00%, 10/01/33		30		28,351
3.00%, 07/01/34		8		7,016
3.00%, 09/01/34		50		46,342
3.00%, 11/01/34		24		22,216
3.00%, 12/01/34		57		53,617
3.00%, 03/01/35		182		169,969
3.00%, 07/01/35		147		137,676
3.00%, 10/01/35		457		426,523
3.00%, 07/01/37		753		699,505
3.00%, 03/18/39(f)		11,168		10,346,893
3.00%, 07/01/46		405		356,154
3.00%, 11/01/46		849		744,816
3.00%, 12/01/46		403		353,299
3.00%, 12/01/47		168		146,808
3.00%, 01/01/48		63		55,240
3.00%, 03/01/48		1,132		992,061
3.00%, 11/01/48		121		106,159
3.00%, 02/01/49		4,169		3,661,966
3.00%, 09/01/49		10		8,593
3.00%, 11/01/49		7		6,367
3.00%, 12/01/49		91		79,181
3.00%, 02/01/50		1,734		1,502,427
3.00%, 03/01/50		150		129,865
3.00%, 04/01/50		73		62,868
3.00%, 05/01/50		39		33,570

76 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 06/01/50	$	3,413	$	2,934,872
3.00%, 07/01/50		2,612		2,259,773
3.00%, 08/01/50		1,985		1,726,274
3.00%, 09/01/50		534		461,640
3.00%, 10/01/50		4,095		3,521,231
3.00%, 11/01/50		947		819,007
3.00%, 12/01/50		449		388,099
3.00%, 01/01/51		1,196		1,035,275
3.00%, 04/01/51		7,336		6,276,038
3.00%, 05/01/51		3,291		2,852,701
3.00%, 06/01/51		10,472		9,018,956
3.00%, 07/01/51		4,652		4,020,902
3.00%, 08/01/51		963		835,568
3.00%, 11/01/51		546		468,317
3.00%, 01/01/52		3,598		3,077,675
3.00%, 02/01/52		2,278		1,972,108
3.00%, 03/01/52		7,451		6,407,586
3.00%, 04/01/52		9,235		7,944,217
3.00%, 05/01/52		2,833		2,435,318
3.00%, 03/13/54(f)		7,140		6,106,249
3.50%, 06/01/33		18		17,590
3.50%, 11/01/33		15		13,940
3.50%, 02/01/34		374		358,774
3.50%, 07/01/34		18		17,524
3.50%, 08/01/34		11		10,083
3.50%, 01/01/35		15		14,146
3.50%, 03/18/39(f)		6,447		6,098,996
3.50%, 09/01/42		2,468		2,269,250
3.50%, 07/01/45		4,105		3,735,778
3.50%, 08/01/45		41		37,015
3.50%, 01/01/46		94		86,596
3.50%, 09/01/46		386		351,660
3.50%, 01/01/47		55		49,639
3.50%, 07/01/47		1,820		1,668,720
3.50%, 08/01/47		11		10,089
3.50%, 09/01/47		152		137,773
3.50%, 10/01/47		1,093		990,298
3.50%, 11/01/47		266		241,036
3.50%, 01/01/48		1,976		1,790,073
3.50%, 02/01/48		801		725,945
3.50%, 04/01/48		62		56,020
3.50%, 07/01/48		169		153,097
3.50%, 11/01/48		10		9,038
3.50%, 01/01/49		110		99,901
3.50%, 02/01/49		287		260,955
3.50%, 03/01/49		789		714,656
3.50%, 06/01/49		2,610		2,362,578
3.50%, 08/01/49		970		878,924
3.50%, 09/01/49		2,149		1,935,338
3.50%, 04/01/50		154		139,536
3.50%, 05/01/50		5,318		4,784,180
3.50%, 06/01/50		306		274,849
3.50%, 07/01/50		482		433,355
3.50%, 02/01/51		4,397		3,959,775
3.50%, 10/01/51		826		746,959
3.50%, 04/01/52		4,897		4,379,313
3.50%, 05/01/52		12,254		10,934,529
3.50%, 06/01/52		5,690		5,103,080
3.50%, 07/01/52		1,912		1,703,383
3.50%, 03/13/54(f)		3,828		3,405,242
4.00%, 07/01/33		10		10,057

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 08/01/37	$	218	$	210,203
4.00%, 09/01/37		304		293,498
4.00%, 11/01/37		431		415,173
4.00%, 02/01/38		230		221,267
4.00%, 05/01/38		197		190,239
4.00%, 11/01/38		124		119,168
4.00%, 03/18/39(f)		3,600		3,467,087
4.00%, 01/01/46		262		247,238
4.00%, 10/01/46		8		7,457
4.00%, 07/01/47		1,730		1,620,069
4.00%, 08/01/47		324		305,334
4.00%, 09/01/47		384		359,428
4.00%, 05/01/48		2,300		2,148,255
4.00%, 09/01/48		2,538		2,371,573
4.00%, 10/01/48		5		4,700
4.00%, 12/01/48		3		2,394
4.00%, 01/01/49		1,375		1,284,962
4.00%, 03/01/49		1,560		1,457,269
4.00%, 05/01/49		15		13,824
4.00%, 06/01/49		15		14,140
4.00%, 07/01/49		2,096		1,957,495
4.00%, 11/01/49		273		253,751
4.00%, 12/01/49		9		8,584
4.00%, 01/01/50		85		79,636
4.00%, 04/01/50		1,876		1,747,685
4.00%, 05/01/50		1,102		1,023,406
4.00%, 05/01/51		269		251,585
4.00%, 04/01/52		629		579,825
4.00%, 05/01/52		1,468		1,352,451
4.00%, 06/01/52		1,675		1,542,704
4.00%, 07/01/52		3,715		3,424,403
4.00%, 08/01/52		3,829		3,525,335
4.00%, 09/01/52		563		518,210
4.00%, 10/01/52		705		654,144
4.00%, 12/01/52		5,215		4,795,936
4.00%, 02/01/53		4,337		4,039,603
4.00%, 03/13/54(f)		10,300		9,475,744
4.50%, 03/18/39(f)		25		24,455
4.50%, 10/01/47		9		8,513
4.50%, 08/01/48		22		21,014
4.50%, 10/01/48		418		400,985
4.50%, 11/01/48		18		17,389
4.50%, 12/01/48		22		21,665
4.50%, 01/01/49		63		60,265
4.50%, 02/01/49		85		82,114
4.50%, 04/01/49		159		152,995
4.50%, 05/01/49		11		10,666
4.50%, 09/01/50		1,270		1,220,555
4.50%, 05/01/52		454		436,713
4.50%, 06/01/52		2,086		1,974,150
4.50%, 07/01/52		228		216,144
4.50%, 08/01/52		1,861		1,763,077
4.50%, 09/01/52		4,059		3,859,312
4.50%, 10/01/52		8,840		8,405,300
4.50%, 11/01/52		1,087		1,028,145
4.50%, 12/01/52		4,525		4,320,451
4.50%, 08/01/53		969		918,641
4.50%, 03/13/54(f)		7,470		7,070,561
5.00%, 06/01/48		131		129,290
5.00%, 04/01/49		10		10,324
5.00%, 12/01/49		374		369,293

S C H E D U L E  O F  I N V E S T M E N T S 77

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
5.00%, 08/01/52	$	415	$	404,349
5.00%, 09/01/52		866		847,629
5.00%, 10/01/52		869		847,944
5.00%, 11/01/52		2,015		1,962,692
5.00%, 12/01/52		1,172		1,146,802
5.00%, 01/01/53		7,961		7,740,753
5.00%, 03/01/53		610		598,434
5.00%, 04/01/53		2,182		2,116,610
5.00%, 05/01/53		645		626,076
5.00%, 06/01/53		1,378		1,346,509
5.00%, 08/01/53		5,148		4,992,715
5.00%, 03/01/54(f)		7,650		7,418,113
5.50%, 09/01/52		476		478,841
5.50%, 11/01/52		621		619,663
5.50%, 12/01/52		2,421		2,419,496
5.50%, 01/01/53		2,416		2,418,174
5.50%, 02/01/53		3,005		2,981,265
5.50%, 03/01/53		1,576		1,575,861
5.50%, 04/01/53		3,625		3,615,262
5.50%, 05/01/53		3,645		3,604,200
5.50%, 06/01/53		538		537,638
5.50%, 07/01/53		2,019		2,010,523
5.50%, 03/13/54(f)		8,626		8,532,604
6.00%, 01/01/53		500		509,647
6.00%, 06/01/53		289		291,967
6.00%, 07/01/53		1,285		1,290,587
6.00%, 08/01/53		6,886		6,994,713
6.00%, 09/01/53		4,094		4,134,784
6.00%, 11/01/53		3,287		3,314,460
6.00%, 12/01/53		668		674,983
6.00%, 02/01/54		411		415,390
6.00%, 03/13/54(f)		6,050		6,075,233
6.00%, 04/11/54(f)		3,025		3,037,144
6.50%, 09/01/53		998		1,016,852
6.50%, 10/01/53		3,985		4,097,824
6.50%, 11/01/53		2,714		2,765,093
6.50%, 12/01/53		3,578		3,679,678
6.50%, 01/01/54		797		814,383
6.50%, 02/01/54		731		753,901
6.50%, 03/13/54(f)		8,475		8,623,184
				963,372,730
U.S. Government Agency Obligations — 0.1%
Federal Home Loan Banks, 3.25%, 11/16/28		510		488,262
Federal Home Loan Mortgage Corp.,Series 1, 0.00% 11/15/38(c)		20		9,839
Federal National Mortgage Association
1.63%, 01/07/25		300		291,389
5.63%, 07/15/37		2,142		2,362,775
6.21%, 08/06/38		110		128,111
6.25%, 05/15/29		378		411,655
6.63%, 11/15/30		440		496,689
7.13%, 01/15/30		750		857,144
				5,045,864
U.S. Government Obligations — 41.3%
U.S. Treasury Note/Bond
0.25%, 05/31/25		5,830		5,502,518
0.25%, 06/30/25		4,120		3,876,984
0.25%, 07/31/25		3,850		3,610,127
0.25%, 08/31/25		5,100		4,766,707
0.25%, 09/30/25		3,300		3,074,285

Security	Par (000)		Value
U.S. Government Obligations (continued)
0.25%, 10/31/25	$	8,390	$	7,790,902
0.38%, 04/30/25		3,400		3,225,352
0.38%, 11/30/25		7,650		7,097,168
0.38%, 12/31/25(b)		7,300		6,753,355
0.38%, 01/31/26		10,250		9,451,221
0.38%, 09/30/27		5,400		4,692,938
0.50%, 03/31/25		3,400		3,240,094
0.50%, 02/28/26		6,250		5,761,719
0.50%, 04/30/27		2,350		2,081,770
0.50%, 05/31/27		1,100		971,523
0.50%, 06/30/27		1,900		1,673,336
0.50%, 08/31/27		6,300		5,516,438
0.50%, 10/31/27		9,250		8,052,559
0.63%, 07/31/26		3,000		2,735,156
0.63%, 03/31/27		1,000		892,344
0.63%, 11/30/27		7,450		6,499,543
0.63%, 12/31/27		10,300		8,959,391
0.63%, 05/15/30		1,800		1,445,203
0.63%, 08/15/30		7,300		5,812,055
0.75%, 04/30/26		3,240		2,986,369
0.75%, 05/31/26		1,350		1,241,051
0.75%, 08/31/26		7,000		6,385,312
0.75%, 01/31/28		6,300		5,493,797
0.88%, 06/30/26		7,590		6,983,986
0.88%, 09/30/26		5,700		5,205,703
0.88%, 11/15/30		7,090		5,707,450
1.00%, 07/31/28		5,000		4,342,578
1.13%, 10/31/26		1,500		1,374,844
1.13%, 02/28/27		2,850		2,589,270
1.13%, 02/29/28		4,000		3,533,750
1.13%, 08/31/28		8,750		7,624,121
1.13%, 02/15/31		14,700		11,987,391
1.13%, 05/15/40		7,900		4,874,547
1.13%, 08/15/40		8,500		5,192,969
1.25%, 11/30/26		7,200		6,608,250
1.25%, 12/31/26		8,600		7,879,750
1.25%, 03/31/28		7,100		6,291,266
1.25%, 04/30/28		5,100		4,508,719
1.25%, 05/31/28		4,700		4,145,914
1.25%, 06/30/28		7,770		6,839,421
1.25%, 09/30/28		12,200		10,668,328
1.25%, 08/15/31		12,400		10,040,125
1.25%, 05/15/50		8,550		4,343,133
1.38%, 01/31/25		5,150		4,979,607
1.38%, 08/31/26		375		347,490
1.38%, 10/31/28		5,000		4,390,234
1.38%, 12/31/28		5,750		5,027,656
1.38%, 11/15/31		11,500		9,336,562
1.38%, 11/15/40		8,650		5,491,398
1.38%, 08/15/50		4,720		2,478,000
1.50%, 02/15/25		6,100		5,894,840
1.50%, 08/15/26		3,550		3,302,887
1.50%, 01/31/27		13,900		12,796,687
1.50%, 11/30/28		5,300		4,672,695
1.50%, 02/15/30		4,200		3,593,625
1.63%, 02/15/26		3,975		3,752,648
1.63%, 05/15/26		6,500		6,100,859
1.63%, 10/31/26		3,500		3,251,172
1.63%, 11/30/26		2,800		2,597,219
1.63%, 08/15/29		665		581,823
1.63%, 05/15/31		8,500		7,125,391

78 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
U.S. Government Obligations (continued)
1.63%, 11/15/50	$	6,100	$	3,426,484
1.75%, 03/15/25		4,670		4,515,124
1.75%, 12/31/26		4,750		4,413,789
1.75%, 01/31/29		7,200		6,400,688
1.75%, 11/15/29		550		482,324
1.75%, 08/15/41		8,400		5,595,188
1.88%, 06/30/26		1,175		1,107,070
1.88%, 02/28/27		5,800		5,389,016
1.88%, 02/28/29		4,400		3,929,406
1.88%, 02/15/32		10,600		8,902,344
1.88%, 02/15/41		7,700		5,305,781
1.88%, 02/15/51		7,800		4,671,469
1.88%, 11/15/51		7,750		4,620,938
2.00%, 02/15/25		1,425		1,383,753
2.00%, 08/15/25		5,520		5,302,003
2.00%, 11/15/26		4,150		3,890,949
2.00%, 11/15/41		6,900		4,776,094
2.00%, 02/15/50		4,450		2,771,516
2.00%, 08/15/51		7,000		4,313,750
2.13%, 05/15/25		480		464,325
2.13%, 05/31/26		800		758,750
2.25%, 11/15/25		8,600		8,251,969
2.25%, 03/31/26		275		262,281
2.25%, 02/15/27		4,300		4,043,008
2.25%, 08/15/27		2,100		1,957,758
2.25%, 11/15/27		5,070		4,707,574
2.25%, 05/15/41		6,300		4,599,984
2.25%, 08/15/46		6,855		4,656,045
2.25%, 08/15/49		3,400		2,252,500
2.25%, 02/15/52		7,850		5,138,070
2.38%, 05/15/27		4,650		4,371,363
2.38%, 03/31/29		6,200		5,666,219
2.38%, 05/15/29		6,090		5,556,173
2.38%, 02/15/42		7,250		5,330,030
2.38%, 11/15/49		1,690		1,149,728
2.38%, 05/15/51		6,000		4,050,938
2.50%, 02/28/26		5,400		5,182,945
2.50%, 03/31/27		3,400		3,215,125
2.50%, 02/15/45		2,250		1,630,898
2.50%, 02/15/46		6,050		4,341,820
2.50%, 05/15/46		4,950		3,543,117
2.63%, 03/31/25		600		585,047
2.63%, 04/15/25		3,130		3,049,671
2.63%, 12/31/25		4,800		4,628,063
2.63%, 01/31/26		350		337,094
2.63%, 05/31/27		5,800		5,490,969
2.63%, 02/15/29		5,215		4,832,023
2.63%, 07/31/29		2,000		1,842,500
2.75%, 02/28/25		2,280		2,229,413
2.75%, 05/15/25		3,500		3,410,996
2.75%, 06/30/25		3,900		3,795,035
2.75%, 08/31/25		3,900		3,783,609
2.75%, 04/30/27		4,000		3,805,938
2.75%, 07/31/27		7,000		6,640,156
2.75%, 02/15/28		4,225		3,983,053
2.75%, 05/31/29		6,700		6,224,195
2.75%, 08/15/32		11,000		9,820,937
2.75%, 08/15/42		1,475		1,147,273
2.75%, 11/15/42		3,425		2,654,375
2.75%, 08/15/47		4,300		3,196,781
2.75%, 11/15/47		5,500		4,081,172

Security	Par (000)		Value
U.S. Government Obligations (continued)
2.88%, 04/30/25	$	2,160	$	2,109,122
2.88%, 05/31/25		3,975		3,877,333
2.88%, 06/15/25		7,000		6,823,359
2.88%, 07/31/25		1,500		1,459,746
2.88%, 11/30/25		3,100		3,004,820
2.88%, 05/15/28		7,057		6,668,881
2.88%, 08/15/28		6,900		6,503,250
2.88%, 04/30/29		5,440		5,090,650
2.88%, 05/15/32		10,100		9,131,031
2.88%, 05/15/43		1,600		1,259,250
2.88%, 08/15/45		3,395		2,621,577
2.88%, 11/15/46		3,800		2,907,594
2.88%, 05/15/49		1,435		1,084,995
2.88%, 05/15/52		7,610		5,733,659
3.00%, 07/15/25		5,250		5,121,416
3.00%, 09/30/25		3,300		3,210,797
3.00%, 10/31/25		1,200		1,166,438
3.00%, 05/15/42		170		137,753
3.00%, 11/15/44		1,600		1,269,250
3.00%, 05/15/45		1,285		1,016,355
3.00%, 11/15/45		4,400		3,467,063
3.00%, 02/15/47		4,475		3,496,793
3.00%, 05/15/47		3,900		3,043,219
3.00%, 02/15/48		13,400		10,414,312
3.00%, 08/15/48		3,855		2,991,239
3.00%, 02/15/49		2,225		1,724,375
3.00%, 08/15/52		8,700		6,730,266
3.13%, 08/15/25		4,100		4,002,785
3.13%, 08/31/27		3,000		2,879,063
3.13%, 11/15/28		275		261,465
3.13%, 08/31/29		6,900		6,512,414
3.13%, 11/15/41		825		686,684
3.13%, 02/15/42		1,000		829,219
3.13%, 02/15/43		2,500		2,051,953
3.13%, 08/15/44		1,600		1,298,250
3.13%, 05/15/48		10,450		8,304,484
3.25%, 06/30/27		4,700		4,536,602
3.25%, 06/30/29		5,500		5,232,305
3.25%, 05/15/42		6,629		5,576,310
3.38%, 05/15/33		12,940		12,074,637
3.38%, 08/15/42		3,100		2,650,984
3.38%, 05/15/44		1,020		862,378
3.38%, 11/15/48		14,700		12,210,187
3.50%, 09/15/25		3,000		2,942,344
3.50%, 01/31/28		7,000		6,790,000
3.50%, 04/30/28		5,400		5,232,938
3.50%, 01/31/30		8,400		8,060,719
3.50%, 04/30/30		9,000		8,623,125
3.50%, 02/15/33		19,000		17,925,312
3.50%, 02/15/39		1,350		1,227,445
3.63%, 05/15/26		23,700		23,233,406
3.63%, 03/31/28		8,500		8,278,203
3.63%, 05/31/28		9,000		8,761,641
3.63%, 03/31/30		5,180		4,999,914
3.63%, 08/15/43		1,225		1,079,914
3.63%, 02/15/44		720		632,925
3.63%, 02/15/53		15,000		13,120,312
3.63%, 05/15/53		12,200		10,680,719
3.75%, 04/15/26		25,500		25,067,695
3.75%, 12/31/28		4,000		3,909,375
3.75%, 05/31/30		10,000		9,710,156

S C H E D U L E  O F  I N V E S T M E N T S 79

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
U.S. Government Obligations (continued)
3.75%, 06/30/30	$	12,000	$	11,649,375
3.75%, 12/31/30		6,000		5,815,313
3.75%, 11/15/43		300		269,016
3.88%, 01/15/26		5,900		5,816,109
3.88%, 11/30/27		4,000		3,933,750
3.88%, 12/31/27		3,800		3,736,766
3.88%, 09/30/29		5,000		4,900,781
3.88%, 11/30/29		3,800		3,723,109
3.88%, 12/31/29		8,000		7,835,625
3.88%, 08/15/33		15,700		15,231,453
3.88%, 08/15/40		300		280,453
3.88%, 02/15/43		8,000		7,327,500
3.88%, 05/15/43		9,900		9,053,859
4.00%, 12/15/25		5,900		5,828,094
4.00%, 02/15/26		8,600		8,497,875
4.00%, 01/15/27		7,400		7,313,281
4.00%, 02/29/28		8,000		7,901,875
4.00%, 06/30/28		15,500		15,313,516
4.00%, 01/31/29(b)		8,000		7,907,500
4.00%, 10/31/29		4,900		4,831,094
4.00%, 02/28/30		15,400		15,172,609
4.00%, 07/31/30		13,500		13,291,172
4.00%, 01/31/31		6,500		6,395,391
4.00%, 02/15/34		5,200		5,098,438
4.00%, 11/15/42		5,300		4,948,875
4.00%, 11/15/52		6,800		6,369,688
4.13%, 01/31/25		4,100		4,064,285
4.13%, 06/15/26		24,273		24,047,337
4.13%, 09/30/27		3,000		2,975,859
4.13%, 10/31/27		4,800		4,761,000
4.13%, 07/31/28		14,400		14,298,750
4.13%, 08/31/30		10,200		10,109,156
4.13%, 11/15/32		12,200		12,072,281
4.13%, 08/15/53		11,300		10,826,812
4.25%, 05/31/25		4,100		4,066,207
4.25%, 10/15/25		5,140		5,098,438
4.25%, 12/31/25		3,000		2,976,797
4.25%, 01/31/26(b)		2,000		1,985,156
4.25%, 02/28/29		10,000		10,000,781
4.25%, 02/28/31		5,000		4,994,531
4.25%, 05/15/39		1,200		1,186,688
4.25%, 11/15/40		250		244,297
4.25%, 02/15/54		2,000		1,963,125
4.38%, 08/15/26		27,800		27,708,781
4.38%, 12/15/26		10,000		9,980,469
4.38%, 08/31/28		11,550		11,586,996
4.38%, 11/30/28		11,600		11,649,844
4.38%, 11/30/30		8,000		8,045,000
4.38%, 02/15/38		2,400		2,427,000
4.38%, 11/15/39		150		149,930
4.38%, 05/15/40		250		248,984
4.38%, 05/15/41		500		494,453
4.38%, 08/15/43		8,400		8,226,750
4.50%, 11/15/25		6,000		5,976,563
4.50%, 07/15/26		28,450		28,427,773
4.50%, 11/15/33		15,000		15,285,937
4.50%, 02/15/36		900		930,938
4.50%, 05/15/38		7,400		7,564,187
4.50%, 08/15/39		2,000		2,031,250
4.63%, 02/28/25(b)		4,200		4,182,281
4.63%, 06/30/25		1,500		1,495,195

Security	Par (000)			Value
U.S. Government Obligations (continued)
4.63%, 03/15/26	$	12,560		$	12,560,000
4.63%, 09/15/26		14,450			14,491,770
4.63%, 10/15/26		16,700			16,756,102
4.63%, 11/15/26		18,000			18,067,500
4.63%, 09/30/28		14,100			14,290,570
4.63%, 09/30/30		8,500			8,667,344
4.63%, 02/15/40		250			256,719
4.75%, 07/31/25		1,000			998,750
4.75%, 02/15/37		500			527,734
4.75%, 11/15/43		4,500			4,632,188
4.75%, 11/15/53		9,800			10,433,937
4.88%, 11/30/25		1,000			1,002,461
4.88%, 10/31/30		5,000			5,170,313
5.00%, 05/15/37		2,400			2,589,000
5.38%, 02/15/31		1,000			1,069,219
6.13%, 08/15/29(b)		1,000			1,086,328
6.25%, 05/15/30		100			110,453
6.38%, 08/15/27		800			848,938
					1,470,314,211
Total U.S. Government & Agency Obligations — 68.5% (Cost: $2,630,845,571)					2,438,732,805
Total Long-Term Investments — 99.1% (Cost: $3,799,652,715)					3,526,877,168
	Shares
Short-Term Securities
Money Market Funds — 7.0%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(h)(i)		206,414,316			206,517,523
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(h)(i)(j)		42,473,063			42,473,063
Total Short-Term Securities — 7.0% (Cost: $248,894,392)					248,990,586
Total Investments Before TBA Sales Commitments — 106.1% (Cost: $4,048,547,107)					3,775,867,754
	Par (000)
TBA Sales Commitments
Mortgage-Backed Securities — (0.4)%
Government National Mortgage Association, 2.00%, 03/20/54(f)	$	(2,900	)		(2,359,987	)
Uniform Mortgage-Backed Securities
2.00%, 03/13/54(f)		(8,610	)		(6,764,574	)
6.00%, 03/13/54(f)		(3,025	)		(3,037,617	)
6.50%, 03/13/54(f)		(1,950	)		(1,984,096	)
Total TBA Sales Commitments — (0.4)% (Proceeds: $(14,107,235))					(14,146,274	)
Total Investments, Net of TBA Sales Commitments — 105.7% (Cost: $4,034,439,872)					3,761,721,480
Liabilities in Excess of Other Assets — (5.7)%					(201,781,556	)
Net Assets — 100.0%				$	3,559,939,924

80 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware U.S. Aggregate Bond ETF

^(a)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

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

^(c)  Zero-coupon bond.

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

^(e)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(f)  Represents or includes a TBA transaction.

^(g)  All or a portion of the security has been pledged as collateral in connection with outstanding TBA commitments.

^(h)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	156,530,457	$	49,974,207	(a)	$	—	$	10,720	$	2,139	$	206,517,523		206,414,316	$	11,985,825		$	189
BlackRock Cash Funds: Treasury, SL Agency Shares		14,722,824		27,750,239	(a)		—		—		—		42,473,063		42,473,063		178,391	(b)		—
								$	10,720	$	2,139	$	248,990,586			$	12,164,216		$	189

^(a)  Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	16,788,831		$	—	$	16,788,831
Collaterized Mortgage Obligations		—		34,837,386			—		34,837,386
Corporate Bonds & Notes		—		916,438,958			—		916,438,958
Foreign Government Obligations		—		119,943,079			—		119,943,079
Municipal Debt Obligations		—		136,109			—		136,109
U.S. Government & Agency Obligations		—		2,438,732,805			—		2,438,732,805
Short-Term Securities
Money Market Funds		248,990,586		—			—		248,990,586
Liabilities
Investments
TBA Sales Commitments		—		(14,146,274	)		—		(14,146,274	)
	$	248,990,586	$	3,512,730,894		$	—	$	3,761,721,480

See notes to financial statements.

S C H E D U L E  O F  I N V E S T M E N T S 81

Schedule of Investments February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.1%
Interpublic Group of Companies Inc. (The)
4.75%, 03/30/30 (Call 12/30/29)	$	74	$	71,968
5.38%, 06/15/33 (Call 03/15/33)		97		95,969
5.40%, 10/01/48 (Call 04/01/48)		328		303,101
Omnicom Group Inc.
2.45%, 04/30/30 (Call 01/30/30)		17		14,538
4.20%, 06/01/30 (Call 03/01/30)		17		16,083
				501,659
Aerospace & Defense — 0.9%
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		690		656,914
4.95%, 08/15/25 (Call 05/15/25)		920		907,938
Howmet Aerospace Inc., 5.95%, 02/01/37		145		148,061
Northrop Grumman Corp.
4.90%, 06/01/34 (Call 03/01/34)		650		633,006
4.95%, 03/15/53 (Call 09/15/52)		350		323,957
5.20%, 06/01/54 (Call 12/01/53)		600		576,810
RTX Corp.
2.25%, 07/01/30 (Call 04/01/30)(a)		852		721,055
2.65%, 11/01/26 (Call 08/01/26)		25		23,526
2.82%, 09/01/51 (Call 03/01/51)		171		106,601
3.13%, 05/04/27 (Call 02/04/27)		15		14,156
3.13%, 07/01/50 (Call 01/01/50)		329		221,135
3.75%, 11/01/46 (Call 05/01/46)		237		179,939
4.05%, 05/04/47 (Call 11/04/46)		207		165,824
4.13%, 11/16/28 (Call 08/16/28)		810		777,940
4.15%, 05/15/45 (Call 11/16/44)		230		187,911
4.35%, 04/15/47 (Call 10/15/46)		35		29,243
4.50%, 06/01/42		759		663,850
4.63%, 11/16/48 (Call 05/16/48)		497		431,564
4.70%, 12/15/41		102		91,138
4.88%, 10/15/40		124		114,724
5.40%, 05/01/35		195		196,701
5.70%, 04/15/40		250		250,712
5.75%, 11/08/26 (Call 10/08/26)		20		20,291
5.75%, 01/15/29 (Call 12/15/28)		5		5,147
6.00%, 03/15/31 (Call 01/15/31)		55		57,291
6.05%, 06/01/36(a)		225		235,597
6.10%, 03/15/34 (Call 12/15/33)		30		31,720
6.13%, 07/15/38		315		332,705
7.50%, 09/15/29		525		582,762
				8,688,218
Agriculture — 0.8%
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)(a)		208		195,842
2.70%, 09/15/51 (Call 03/15/51)		295		186,872
3.25%, 03/27/30 (Call 12/27/29)		70		63,330
3.75%, 09/15/47 (Call 03/15/47)		69		52,384
4.02%, 04/16/43		128		105,055
4.50%, 03/15/49 (Call 09/15/48)		135		117,845
4.54%, 03/26/42		5		4,488
5.38%, 09/15/35		134		134,798
5.94%, 10/01/32(a)		222		234,815
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		4,115		3,895,428
2.75%, 05/14/31 (Call 02/14/31)(a)		118		100,394
3.25%, 08/15/26 (Call 05/15/26)		1,463		1,394,789
3.75%, 09/25/27 (Call 06/25/27)		1,757		1,680,935
				8,166,975

Security	Par (000)		Value
Airlines — 0.1%
Southwest Airlines Co.
2.63%, 02/10/30 (Call 11/10/29)	$	270	$	233,384
3.45%, 11/16/27 (Call 08/16/27)(a)		139		130,672
5.13%, 06/15/27 (Call 04/15/27)		212		211,284
				575,340
Apparel — 0.5%
NIKE Inc.
2.38%, 11/01/26 (Call 08/01/26)		540		508,002
2.75%, 03/27/27 (Call 01/27/27)		135		127,291
2.85%, 03/27/30 (Call 12/27/29)		34		30,562
3.25%, 03/27/40 (Call 09/27/39)		18		14,348
3.38%, 11/01/46 (Call 05/01/46)		56		42,321
3.38%, 03/27/50 (Call 09/27/49)(a)		218		165,285
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		665		655,687
Ralph Lauren Corp.
2.95%, 06/15/30 (Call 03/15/30)(a)		45		40,010
3.75%, 09/15/25 (Call 07/15/25)		98		95,778
Tapestry Inc.
4.13%, 07/15/27 (Call 04/15/27)(a)		460		436,859
4.25%, 04/01/25 (Call 01/01/25)		162		159,509
7.85%, 11/27/33 (Call 08/27/33)(a)		300		324,587
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)		915		877,821
2.80%, 04/23/27 (Call 02/23/27)		1,358		1,231,296
2.95%, 04/23/30 (Call 01/23/30)(a)		413		340,678
				5,050,034
Auto Manufacturers — 1.0%
American Honda Finance Corp.
2.30%, 09/09/26		1,247		1,169,611
3.50%, 02/15/28		238		226,020
4.60%, 04/17/30(a)		30		29,382
4.90%, 01/10/34		120		117,047
4.95%, 01/09/26		175		174,468
5.00%, 05/23/25(a)		235		234,382
5.13%, 07/07/28		35		35,283
5.25%, 07/07/26(a)		125		125,878
5.65%, 11/15/28		10		10,282
Cummins Inc.
1.50%, 09/01/30 (Call 06/01/30)(a)		1,316		1,063,007
2.60%, 09/01/50 (Call 03/01/50)(a)		110		68,986
4.88%, 10/01/43 (Call 04/01/43)		235		221,752
4.90%, 02/20/29 (Call 01/20/29)		50		49,751
5.15%, 02/20/34 (Call 11/20/33)		30		29,970
5.45%, 02/20/54 (Call 08/20/53)		30		30,157
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)		40		32,836
7.40%, 11/01/46		455		487,422
Ford Motor Credit Co. LLC
3.63%, 06/17/31 (Call 03/17/31)		390		332,404
4.00%, 11/13/30 (Call 08/13/30)		250		220,990
5.11%, 05/03/29 (Call 02/03/29)		5		4,819
7.12%, 11/07/33 (Call 08/07/33)		500		533,426
General Motors Co.
5.00%, 04/01/35		91		85,079
5.15%, 04/01/38 (Call 10/01/37)		127		117,568
5.20%, 04/01/45		190		167,707
5.40%, 04/01/48 (Call 10/01/47)		151		135,436
5.60%, 10/15/32 (Call 07/15/32)(a)		20		19,942
5.95%, 04/01/49 (Call 10/01/48)(a)		191		183,547
6.25%, 10/02/43		256		256,937

82 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
6.60%, 04/01/36 (Call 10/01/35)	$	283	$	296,685
6.75%, 04/01/46 (Call 10/01/45)		158		166,998
General Motors Financial Co. Inc.
2.35%, 01/08/31 (Call 10/08/30)		35		28,523
2.70%, 06/10/31 (Call 03/10/31)		185		152,220
3.10%, 01/12/32 (Call 10/12/31)(a)		210		175,391
3.60%, 06/21/30 (Call 03/21/30)		180		161,429
4.30%, 04/06/29 (Call 02/06/29)		200		189,681
5.65%, 01/17/29 (Call 10/17/28)		109		109,844
5.80%, 06/23/28 (Call 05/23/28)		105		106,507
6.10%, 01/07/34 (Call 10/07/33)		355		358,595
6.40%, 01/09/33 (Call 10/09/32)		235		244,037
Honda Motor Co. Ltd., 2.97%, 03/10/32 (Call 12/10/31)(a)		310		272,195
Mercedes-Benz Finance North America LLC, 8.50%, 01/18/31		548		664,936
Toyota Motor Corp., 3.67%, 07/20/28(a)		28		27,151
Toyota Motor Credit Corp.
1.90%, 09/12/31		30		24,375
2.15%, 02/13/30		235		201,893
2.40%, 01/13/32		10		8,364
3.20%, 01/11/27		25		23,885
3.38%, 04/01/30		78		71,693
3.65%, 01/08/29		28		26,495
4.70%, 01/12/33(a)		380		374,718
5.00%, 08/14/26		50		49,991
				9,899,695
Auto Parts & Equipment — 0.2%
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)		402		251,692
4.35%, 03/15/29 (Call 12/15/28)		132		127,559
4.40%, 10/01/46 (Call 04/01/46)		26		20,420
5.40%, 03/15/49 (Call 09/15/48)(a)		108		97,925
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)		440		379,410
4.15%, 05/01/52 (Call 11/01/51)		335		255,706
BorgWarner Inc., 4.38%, 03/15/45 (Call 09/15/44)		73		59,418
Lear Corp.
3.50%, 05/30/30 (Call 02/28/30)(a)		97		86,683
3.55%, 01/15/52 (Call 07/15/51)		92		62,366
3.80%, 09/15/27 (Call 06/15/27)(a)		65		62,210
4.25%, 05/15/29 (Call 02/15/29)		160		152,248
5.25%, 05/15/49 (Call 11/15/48)		163		146,373
Magna International Inc., 4.15%, 10/01/25 (Call 07/01/25)		50		49,079
				1,751,089
Banks — 22.1%
Australia & New Zealand Banking Group Ltd.
3.70%, 11/16/25		2,067		2,021,500
4.75%, 01/18/27		250		249,125
Banco Bilbao Vizcaya Argentaria SA 1.13%, 09/18/25		6,045		5,650,546
5.86%, 09/14/26 (Call 09/14/25), (1-year CMT + 2.300%)(b)		465		464,850
6.14%, 09/14/28 (Call 09/14/27), (1-year CMT + 2.700%)(b)		280		283,882
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)(b)		695		628,550
2.75%, 12/03/30		40		32,575

Security	Par (000)		Value
Banks (continued)
2.96%, 03/25/31(a)	$	435	$	370,488
3.23%, 11/22/32 (Call 08/22/31), (1-year CMT + 1.600%)(b)		260		214,612
3.49%, 05/28/30		180		161,292
3.80%, 02/23/28		210		197,802
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)(b)		265		253,679
4.25%, 04/11/27		545		525,130
4.38%, 04/12/28		335		321,882
5.18%, 11/19/25		200		197,208
5.59%, 08/08/28		200		201,550
6.61%, 11/07/28		215		225,907
6.92%, 08/08/33(a)		575		597,366
6.94%, 11/07/33		200		218,044
Bank of America Corp.
1.90%, 07/23/31 (Call 07/23/30), (1-day SOFR + 1.530%)(b)		165		133,861
1.92%, 10/24/31 (Call 10/24/30), (1-day SOFR + 1.370%)(b)		215		173,493
2.09%, 06/14/29 (Call 06/14/28), (1-day SOFR + 1.060%)(b)		200		175,508
2.30%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.220%)(b)		415		335,728
2.48%, 09/21/36 (Call 09/21/31), (5-year CMT + 1.200%)(b)		421		332,518
2.50%, 02/13/31 (Call 02/13/30), (3-mo. SOFR + 1.252%)(a)(b)		235		200,343
2.55%, 02/04/28 (Call 02/04/27), (1-day SOFR + 1.050%)(b)		240		221,958
2.57%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.210%)(b)		270		221,547
2.59%, 04/29/31 (Call 04/29/30), (1-day SOFR + 2.150%)(b)		68		57,965
2.68%, 06/19/41 (Call 06/19/40), (1-day SOFR + 1.930%)(b)		274		191,123
2.69%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.320%)(b)		742		621,040
2.83%, 10/24/51 (Call 10/24/50), (1-day SOFR + 1.880%)(b)		320		205,160
2.88%, 10/22/30 (Call 10/22/29), (3-mo. SOFR + 1.452%)(b)		223		196,516
2.97%, 02/04/33 (Call 02/04/32), (1-day SOFR + 1.330%)(b)		375		314,933
2.97%, 07/21/52 (Call 07/21/51), (1-day SOFR + 1.560%)(a)(b)		615		408,722
3.19%, 07/23/30 (Call 07/23/29), (3-mo. SOFR + 1.442%)(b)		272		244,727
3.25%, 10/21/27 (Call 10/21/26)		2,123		2,005,376
3.31%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.580%)(b)		320		242,540
3.38%, 04/02/26 (Call 04/02/25), (1-day SOFR + 1.330%)(b)		185		180,656
3.42%, 12/20/28 (Call 12/20/27), (3-mo. SOFR + 1.302%)(b)		750		700,858
3.50%, 04/19/26		75		72,671
3.59%, 07/21/28 (Call 07/21/27), (3-mo. SOFR + 1.632%)(a)(b)		138		130,676
3.71%, 04/24/28 (Call 04/24/27), (3-mo. SOFR + 1.774%)(b)		302		287,621
3.82%, 01/20/28 (Call 01/20/27), (3-mo. SOFR + 1.837%)(b)		238		228,651

S C H E D U L E  O F  I N V E S T M E N T S 83

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.85%, 03/08/37 (Call 03/08/32), (5-year CMT + 2.000%)(a)(b)	$	475	$	414,694
3.95%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.452%)(b)		41		32,928
3.97%, 03/05/29 (Call 03/05/28), (3-mo. SOFR + 1.332%)(b)		362		344,352
3.97%, 02/07/30 (Call 02/07/29), (3-mo. SOFR + 1.472%)(b)		78		73,307
4.08%, 04/23/40 (Call 04/23/39), (3-mo. SOFR + 1.582%)(b)		115		98,390
4.08%, 03/20/51 (Call 03/20/50), (3-mo. SOFR + 3.412%)(b)		1,135		916,599
4.24%, 04/24/38 (Call 04/24/37), (3-mo. SOFR + 2.076%)(b)		667		592,492
4.25%, 10/22/26		413		403,893
4.27%, 07/23/29 (Call 07/23/28), (3-mo. SOFR + 1.572%)(b)		502		482,295
4.33%, 03/15/50 (Call 03/15/49), (3-mo. SOFR + 1.782%)(b)		458		385,723
4.38%, 04/27/28 (Call 04/27/27), (1-day SOFR + 1.580%)(b)		125		121,663
4.44%, 01/20/48 (Call 01/20/47), (3-mo. SOFR + 2.252%)(b)		592		509,281
4.45%, 03/03/26		274		269,472
4.57%, 04/27/33 (Call 04/27/32), (1-day SOFR + 1.830%)(b)		865		814,083
4.83%, 07/22/26 (Call 07/22/25), (1-day SOFR + 1.750%)(b)		45		44,615
4.88%, 04/01/44		308		290,734
5.00%, 01/21/44		561		536,536
5.02%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.160%)(b)		1,162		1,132,001
5.08%, 01/20/27 (Call 01/20/26), (1-day SOFR + 1.290%)(b)		240		238,464
5.20%, 04/25/29 (Call 04/25/28), (1-day SOFR + 1.630%)(b)		515		512,085
5.29%, 04/25/34 (Call 04/25/33), (1-day SOFR + 1.910%)(b)		650		640,627
5.47%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.650%)(b)		500		498,670
5.87%, 09/15/34 (Call 09/15/33), (1-day SOFR + 1.840%)(b)		420		430,707
5.88%, 02/07/42		631		671,127
6.11%, 01/29/37		662		693,820
6.20%, 11/10/28 (Call 11/10/27), (1-day SOFR + 1.990%)(b)		285		293,833
6.22%, 09/15/26		195		199,191
7.75%, 05/14/38		382		458,374
Series L, 4.18%, 11/25/27 (Call 11/25/26)		579		559,113
Series N, 2.65%, 03/11/32 (Call 03/11/31), (1-day SOFR + 1.220%)(b)		265		221,668
Series N, 3.48%, 03/13/52 (Call 03/13/51), (1-day SOFR + 1.650%)(b)		385		282,327
Bank of America NA, 6.00%, 10/15/36		254		264,893
Bank of Montreal
3.09%, 01/10/37 (Call 01/10/32), (5-year CMT + 1.400%)(b)		160		129,584
3.80%, 12/15/32 (Call 12/15/27), (5-year USD Swap + 1.432%)(b)		951		874,744
5.20%, 02/01/28 (Call 01/01/28)		140		140,519
5.27%, 12/11/26		60		60,145

Security	Par (000)		Value
Banks (continued)
5.30%, 06/05/26	$	30	$	30,073
Bank of New York Mellon Corp. (The)
1.60%, 04/24/25 (Call 03/24/25)		2,785		2,675,451
2.45%, 08/17/26 (Call 05/17/26)		2,636		2,478,280
2.80%, 05/04/26 (Call 02/04/26)		1,850		1,766,039
3.25%, 05/16/27 (Call 02/16/27)		503		477,764
3.30%, 08/23/29 (Call 05/23/29)		281		257,804
3.40%, 01/29/28 (Call 10/29/27)		951		899,500
3.44%, 02/07/28 (Call 02/07/27), (3-mo. SOFR + 1.331%)(b)		985		941,427
3.85%, 04/28/28		1,153		1,112,085
3.95%, 11/18/25 (Call 10/18/25)		395		386,506
6.32%, 10/25/29 (Call 10/25/28), (1-day SOFR + 1.598%)(b)		110		115,247
6.47%, 10/25/34 (Call 10/25/33), (1-day SOFR + 1.845%)(b)		65		70,320
Bank of Nova Scotia (The)
1.05%, 03/02/26		1,868		1,722,482
1.30%, 06/11/25		5,753		5,467,899
1.30%, 09/15/26 (Call 06/15/26)		50		45,508
1.35%, 06/24/26		388		356,121
1.95%, 02/02/27		333		305,626
2.15%, 08/01/31		323		263,937
2.70%, 08/03/26(a)		634		598,685
2.95%, 03/11/27		630		593,051
4.50%, 12/16/25		1,765		1,734,614
4.75%, 02/02/26		1,000		992,371
5.25%, 06/12/28		320		321,595
5.35%, 12/07/26		175		175,692
5.65%, 02/01/34		90		91,419
Bank OZK, 2.75%, 10/01/31 (Call 10/01/26), (3-mo. SOFR + 2.090%)(b)		40		33,280
BankUnited Inc., 5.13%, 06/11/30 (Call 03/11/30)(a)		55		50,229
Barclays PLC
2.67%, 03/10/32 (Call 03/10/31), (1-year CMT + 1.200%)(b)		358		292,286
2.89%, 11/24/32 (Call 11/24/31), (1-year CMT + 1.300%)(b)		710		578,159
3.56%, 09/23/35 (Call 09/23/30), (5-year CMT + 2.900%)(b)		268		224,878
3.65%, 03/16/25		15		14,687
4.34%, 01/10/28 (Call 01/10/27)		200		192,132
4.38%, 01/12/26		205		200,778
4.84%, 05/09/28 (Call 05/07/27)		676		650,729
4.95%, 01/10/47		202		183,815
4.97%, 05/16/29 (Call 05/16/28), (3-mo. LIBOR US + 1.902%)(b)		432		420,015
5.09%, 06/20/30 (Call 06/20/29), (3-mo. LIBOR US + 3.054%)(b)		823		779,005
5.20%, 05/12/26		20		19,758
5.25%, 08/17/45		285		271,782
5.30%, 08/09/26 (Call 08/09/25), (1-year CMT + 2.300%)(b)		930		924,275
6.22%, 05/09/34 (Call 05/09/33), (1-day SOFR + 2.980%)(b)		200		202,461
6.69%, 09/13/34 (Call 09/13/33), (1-day SOFR + 2.620%)(b)		70		73,200
7.12%, 06/27/34 (Call 06/27/33), (1-day SOFR + 3.570%)(a)(b)		485		502,933
7.39%, 11/02/28 (Call 11/02/27), (1-year CMT + 3.300%)(b)		505		533,704

84 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
7.44%, 11/02/33 (Call 11/02/32), (1-year CMT + 3.500%)(b)	$	110	$	120,365
BPCE SA, 3.38%, 12/02/26		2,395		2,296,021
Canadian Imperial Bank of Commerce
3.60%, 04/07/32 (Call 03/07/32)(a)		160		142,835
5.00%, 04/28/28 (Call 03/28/28)		105		104,621
5.62%, 07/17/26(a)		20		20,193
5.93%, 10/02/26		100		101,771
5.99%, 10/03/28 (Call 09/03/28)		100		103,586
6.09%, 10/03/33 (Call 07/03/33)(a)		560		581,520
Citigroup Inc.
2.56%, 05/01/32 (Call 05/01/31), (1-day SOFR + 1.167%)(b)		129		106,189
2.57%, 06/03/31 (Call 06/03/30), (1-day SOFR + 2.107%)(b)		270		228,381
2.67%, 01/29/31 (Call 01/29/30), (1-day SOFR + 1.146%)(b)		50		42,871
2.98%, 11/05/30 (Call 11/05/29), (1-day SOFR + 1.422%)(b)		273		240,834
3.06%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.351%)(b)		380		319,273
3.11%, 04/08/26 (Call 04/08/25), (1-day SOFR + 2.842%)(b)		168		163,545
3.20%, 10/21/26 (Call 07/21/26)		36		34,191
3.30%, 04/27/25		138		134,943
3.52%, 10/27/28 (Call 10/27/27), (3-mo. SOFR + 1.412%)(b)		314		294,948
3.67%, 07/24/28 (Call 07/24/27), (3-mo. SOFR + 1.652%)(b)		333		315,661
3.79%, 03/17/33 (Call 03/17/32), (1-day SOFR + 1.939%)(b)		823		729,210
3.88%, 03/26/25		20		19,617
3.88%, 01/24/39 (Call 01/24/38), (3-mo. SOFR + 1.430%)(b)		156		131,244
3.89%, 01/10/28 (Call 01/10/27), (3-mo. SOFR + 1.825%)(b)		411		394,938
3.98%, 03/20/30 (Call 03/20/29), (3-mo. SOFR + 1.600%)(b)		242		226,904
4.08%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.454%)(b)		243		231,857
4.13%, 07/25/28		282		267,633
4.28%, 04/24/48 (Call 04/24/47), (3-mo. SOFR + 2.101%)(b)		458		387,085
4.30%, 11/20/26		21		20,455
4.40%, 06/10/25		111		109,385
4.41%, 03/31/31 (Call 03/31/30), (1-day SOFR + 3.914%)(b)		676		638,717
4.45%, 09/29/27		680		658,796
4.60%, 03/09/26		45		44,260
4.65%, 07/30/45(a)		386		344,565
4.65%, 07/23/48 (Call 06/23/48)		575		512,483
4.75%, 05/18/46		205		179,305
4.91%, 05/24/33 (Call 05/24/32), (1-day SOFR + 2.086%)(b)		240		229,884
5.17%, 02/13/30 (Call 02/13/29), (1-day SOFR + 1.364%)(b)		165		163,322
5.30%, 05/06/44		150		143,310
5.32%, 03/26/41 (Call 03/26/40), (1-day SOFR + 4.548%)(b)		230		225,019
5.50%, 09/13/25		212		211,496

Security	Par (000)		Value
Banks (continued)
5.61%, 09/29/26 (Call 09/29/25), (1-day SOFR + 1.546%)(b)	$	85	$	85,098
5.83%, 02/13/35 (Call 02/13/34), (1-day SOFR + 2.056%)(b)		275		269,001
5.88%, 02/22/33		167		169,915
5.88%, 01/30/42		390		409,867
6.00%, 10/31/33		259		267,726
6.13%, 08/25/36		210		217,073
6.17%, 05/25/34 (Call 05/25/33), (1-day SOFR + 2.661%)(b)		400		402,745
6.27%, 11/17/33 (Call 11/17/32), (1-day SOFR + 2.338%)(a)(b)		347		364,199
6.63%, 01/15/28(a)		469		497,126
6.63%, 06/15/32		334		355,706
6.68%, 09/13/43		36		39,477
8.13%, 07/15/39		633		801,493
Citizens Bank NA/Providence RI, 3.75%, 02/18/26 (Call 11/18/25)		160		153,750
Citizens Financial Group Inc.
2.50%, 02/06/30 (Call 11/06/29)(a)		82		67,972
2.85%, 07/27/26 (Call 04/27/26)		67		62,606
3.25%, 04/30/30 (Call 01/30/30)		159		137,556
Comerica Bank, 4.00%, 07/27/25(a)		985		954,736
Comerica Inc., 4.00%, 02/01/29 (Call 11/03/28)(a)		361		324,504
Cooperatieve Rabobank UA
3.75%, 07/21/26		160		153,362
4.38%, 08/04/25		115		112,766
5.25%, 05/24/41(a)		160		161,656
5.75%, 12/01/43		212		212,784
Credit Suisse AG/New York
1.25%, 08/07/26		70		63,573
2.95%, 04/09/25		255		247,664
5.00%, 07/09/27		300		297,160
7.50%, 02/15/28(a)		640		689,347
Deutsche Bank AG, 4.10%, 01/13/26		489		476,722
Deutsche Bank AG/New York
2.13%, 11/24/26 (Call 11/24/25), (1-day SOFR + 1.870%)(b)		175		164,083
2.31%, 11/16/27 (Call 11/16/26), (1-day SOFR + 1.219%)(b)		700		635,818
2.55%, 01/07/28 (Call 01/07/27), (1-day SOFR + 1.318%)(b)		680		619,347
3.04%, 05/28/32 (Call 05/28/31), (1-day SOFR + 1.718%)(b)		447		369,436
3.55%, 09/18/31 (Call 09/18/30), (1-day SOFR + 3.043%)(b)		742		642,758
4.10%, 01/13/26		417		407,063
4.88%, 12/01/32 (Call 12/01/27), (5-year USD ICE Swap + 2.553%)(b)		30		27,744
7.08%, 02/10/34 (Call 11/10/32), (1-day SOFR + 3.650%)(b)		215		214,613
7.15%, 07/13/27 (Call 07/13/26), (1-day SOFR + 2.520%)(b)		150		153,957
Discover Bank
2.70%, 02/06/30 (Call 11/06/29)		250		211,976
3.45%, 07/27/26 (Call 04/27/26)		415		393,525
4.65%, 09/13/28 (Call 06/13/28)		465		443,982
Fifth Third Bancorp.
4.34%, 04/25/33 (Call 04/25/32), (1-day SOFR + 1.660%)(a)(b)		10		9,057

S C H E D U L E  O F  I N V E S T M E N T S 85

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.77%, 07/28/30 (Call 07/28/29), (1-day SOFR + 2.127%)(b)	$	25	$	23,837
8.25%, 03/01/38		283		334,576
First Horizon Bank, 5.75%, 05/01/30 (Call 02/01/30)		5		4,674
Goldman Sachs Capital I, 6.35%, 02/15/34(a)		426		436,865
Goldman Sachs Group Inc. (The)
1.95%, 10/21/27 (Call 10/21/26), (1-day SOFR + 0.913%)(b)		185		169,409
1.99%, 01/27/32 (Call 01/27/31), (1-day SOFR + 1.090%)(b)		374		299,849
2.38%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.248%)(b)		714		581,006
2.60%, 02/07/30 (Call 11/07/29)		53		45,981
2.62%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.281%)(b)		564		468,768
2.64%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.114%)(b)		270		250,147
2.65%, 10/21/32 (Call 10/21/31), (1-day SOFR + 1.264%)(b)		304		250,703
2.91%, 07/21/42 (Call 07/21/41), (1-day SOFR + 1.472%)(b)		195		138,211
3.10%, 02/24/33 (Call 02/24/32), (1-day SOFR + 1.410%)(b)		564		477,973
3.21%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.513%)(b)		155		115,314
3.44%, 02/24/43 (Call 02/24/42), (1-day SOFR + 1.632%)(b)		115		87,508
3.50%, 04/01/25 (Call 03/01/25)		45		44,070
3.50%, 11/16/26 (Call 11/16/25)		785		752,963
3.69%, 06/05/28 (Call 06/05/27), (3-mo. SOFR + 1.772%)(a)(b)		159		151,665
3.75%, 05/22/25 (Call 02/22/25)		155		152,012
3.75%, 02/25/26 (Call 11/25/25)		389		379,280
3.80%, 03/15/30 (Call 12/15/29)		114		105,996
3.81%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.420%)(b)		324		306,065
3.85%, 01/26/27 (Call 01/26/26)		887		857,035
4.02%, 10/31/38 (Call 10/31/37), (3-mo. SOFR + 1.635%)(b)		326		279,192
4.22%, 05/01/29 (Call 05/01/28), (3-mo. SOFR + 1.563%)(b)		827		792,972
4.25%, 10/21/25		336		329,963
4.41%, 04/23/39 (Call 04/23/38), (3-mo. SOFR + 1.692%)(b)		270		239,121
4.48%, 08/23/28 (Call 08/23/27), (1-day SOFR + 1.725%)(b)		100		97,556
4.75%, 10/21/45 (Call 04/21/45)		682		622,413
4.80%, 07/08/44 (Call 01/08/44)		627		570,998
5.15%, 05/22/45		143		136,657
5.80%, 08/10/26 (Call 08/10/25), (1-day SOFR + 1.075%)(b)		100		100,545
5.95%, 01/15/27		328		334,741
6.13%, 02/15/33(a)		656		703,491
6.25%, 02/01/41		813		877,466
6.45%, 05/01/36		235		251,030
6.48%, 10/24/29 (Call 10/24/28), (1-day SOFR + 1.770%)(b)		235		246,311
6.56%, 10/24/34 (Call 10/24/33), (1-day SOFR + 1.950%)(b)		20		21,607
6.75%, 10/01/37		1,003		1,090,764
HSBC Bank USA NA, 7.00%, 01/15/39		250		284,804

Security	Par (000)		Value
Banks (continued)
HSBC Bank USA NA/New York
5.63%, 08/15/35	$	250	$	244,997
5.88%, 11/01/34		265		273,829
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26), (1-day SOFR + 1.290%)(b)		1,101		1,007,843
1.65%, 04/18/26 (Call 04/18/25), (1-day SOFR + 1.538%)(b)		510		486,624
2.21%, 08/17/29 (Call 08/17/28), (1-day SOFR + 1.285%)(b)		201		174,503
2.25%, 11/22/27 (Call 11/22/26), (1-day SOFR + 1.100%)(b)		825		755,157
2.36%, 08/18/31 (Call 08/18/30), (1-day SOFR + 1.947%)(b)		140		114,894
2.80%, 05/24/32 (Call 05/24/31), (1-day SOFR + 1.187%)(b)		1,097		906,463
2.85%, 06/04/31 (Call 06/04/30), (1-day SOFR + 2.387%)(b)		205		174,411
2.87%, 11/22/32 (Call 11/22/31), (1-day SOFR + 1.410%)(b)		290		238,654
3.00%, 03/10/26 (Call 03/10/25), (1-day SOFR + 1.430%)(a)(b)		630		612,403
3.97%, 05/22/30 (Call 05/22/29), (3-mo. SOFR + 1.872%)(b)		995		921,785
4.04%, 03/13/28 (Call 03/13/27), (3-mo. SOFR + 1.808%)(b)		308		295,114
4.29%, 09/12/26 (Call 09/12/25), (3-mo. SOFR + 1.609%)(b)		585		573,618
4.38%, 11/23/26		201		195,515
4.58%, 06/19/29 (Call 06/19/28), (3-mo. SOFR + 1.796%)(b)		1,011		972,562
4.76%, 06/09/28 (Call 06/09/27), (1-day SOFR + 2.110%)(b)		150		146,458
4.76%, 03/29/33 (Call 03/29/32), (1-day SOFR + 2.530%)(b)		195		178,899
4.95%, 03/31/30		776		759,815
5.40%, 08/11/33 (Call 08/11/32), (1-day SOFR + 2.870%)(b)		240		235,811
5.72%, 03/04/35 (Call 03/04/34), (1-day SOFR + 1.780%)(b)		200		199,295
6.10%, 01/14/42(a)		414		452,378
6.25%, 03/09/34 (Call 03/09/33), (1-day SOFR + 2.390%)(b)		200		207,544
6.50%, 05/02/36		365		383,574
6.50%, 09/15/37(a)		480		505,294
6.55%, 06/20/34 (Call 06/20/33), (1-day SOFR + 2.980%)(b)		505		513,995
7.39%, 11/03/28 (Call 11/03/27), (1-day SOFR + 3.350%)(b)		30		31,761
7.40%, 11/13/34 (Call 11/13/33), (1-day SOFR + 3.020%)(b)		215		230,353
8.11%, 11/03/33 (Call 11/03/32), (1-day SOFR + 4.250%)(b)		402		452,660
Huntington Bancshares Inc./OH
2.55%, 02/04/30 (Call 11/04/29)		784		659,879
5.02%, 05/17/33 (Call 05/17/32), (1-day SOFR + 2.050%)(b)		400		378,028
Huntington National Bank (The), 4.55%, 05/17/28 (Call 05/17/27), (1-day SOFR + 1.650%)(b)		465		448,260

86 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26), (1-day SOFR + 1.005%)(b)	$	680	$	629,340
2.73%, 04/01/32 (Call 04/01/31), (1-day SOFR + 1.316%)(b)		738		620,801
3.95%, 03/29/27		971		934,878
4.02%, 03/28/28 (Call 03/28/27), (1-day SOFR + 1.830%)(b)		195		187,165
4.05%, 04/09/29		232		219,390
4.55%, 10/02/28		380		370,447
JPMorgan Chase & Co.
1.05%, 06/23/27 (Call 12/23/25)		20		17,429
1.95%, 02/04/32 (Call 02/04/31), (1-day SOFR + 1.065%)(b)		180		144,752
2.08%, 04/22/26 (Call 04/22/25), (1-day SOFR + 1.850%)(b)		160		153,964
2.52%, 04/22/31 (Call 04/22/30), (1-day SOFR + 2.040%)(b)		291		248,588
2.53%, 11/19/41 (Call 11/19/40), (3-mo. SOFR + 1.510%)(b)		235		161,660
2.55%, 11/08/32 (Call 11/08/31), (1-day SOFR + 1.180%)(b)		115		94,723
2.58%, 04/22/32 (Call 04/22/31), (3-mo. SOFR + 1.250%)(b)		329		275,069
2.74%, 10/15/30 (Call 10/15/29), (3-mo. SOFR + 1.510%)(b)		556		487,771
2.96%, 05/13/31 (Call 05/13/30), (3-mo. SOFR + 2.515%)(a)(b)		220		190,995
2.96%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.260%)(b)		618		521,819
3.11%, 04/22/41 (Call 04/22/40), (3-mo. SOFR + 2.460%)(b)		87		65,426
3.11%, 04/22/51 (Call 04/22/50), (1-day SOFR + 2.440%)(b)		664		455,316
3.16%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.460%)(b)		214		160,246
3.20%, 06/15/26 (Call 03/15/26)		20		19,239
3.30%, 04/01/26 (Call 01/01/26)		15		14,467
3.33%, 04/22/52 (Call 04/22/51), (1-day SOFR + 1.580%)(b)		904		641,058
3.51%, 01/23/29 (Call 01/23/28), (3-mo. SOFR + 1.207%)(a)(b)		65		61,231
3.54%, 05/01/28 (Call 05/01/27), (3-mo. SOFR + 1.642%)(b)		187		177,661
3.63%, 12/01/27 (Call 12/01/26)(a)		435		413,399
3.70%, 05/06/30 (Call 05/06/29), (3-mo. SOFR + 1.422%)(b)		706		657,170
3.78%, 02/01/28 (Call 02/01/27), (3-mo. SOFR + 1.599%)(b)		185		177,602
3.88%, 07/24/38 (Call 07/24/37), (3-mo. SOFR + 1.622%)(b)		278		237,545
3.90%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.482%)(b)		279		223,119
3.96%, 11/15/48 (Call 11/15/47), (3-mo. SOFR + 1.642%)(b)		640		514,073
4.01%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.382%)(b)		504		481,191
4.03%, 07/24/48 (Call 07/24/47), (3-mo. SOFR + 1.722%)(b)		275		223,051
4.08%, 04/26/26 (Call 04/26/25), (1-day SOFR + 1.320%)(b)		90		88,654

Security	Par (000)		Value
Banks (continued)
4.13%, 12/15/26	$	1,062	$	1,036,675
4.20%, 07/23/29 (Call 07/23/28), (3-mo. SOFR + 1.522%)(b)		464		445,748
4.25%, 10/01/27		323		315,939
4.26%, 02/22/48 (Call 02/22/47), (3-mo. SOFR + 1.842%)(b)		451		380,292
4.45%, 12/05/29 (Call 12/05/28), (3-mo. SOFR + 1.592%)(a)(b)		572		553,185
4.49%, 03/24/31 (Call 03/24/30), (3-mo. SOFR + 3.790%)(b)		107		102,740
4.59%, 04/26/33 (Call 04/26/32), (1-day SOFR + 1.800%)(b)		855		811,863
4.85%, 02/01/44		335		314,325
4.91%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.080%)(b)		1,225		1,188,481
4.95%, 06/01/45		179		166,947
5.30%, 07/24/29 (Call 07/24/28), (1-day SOFR + 1.450%)(b)		200		200,542
5.34%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.620%)(b)		700		696,458
5.35%, 06/01/34 (Call 06/01/33), (1-day SOFR + 1.845%)(b)		440		437,715
5.40%, 01/06/42		351		355,244
5.50%, 10/15/40		396		404,850
5.60%, 07/15/41		393		405,128
5.72%, 09/14/33 (Call 09/14/32), (1-day SOFR + 2.580%)(a)(b)		505		511,222
6.07%, 10/22/27 (Call 10/22/26), (1-day SOFR + 1.330%)(b)		30		30,572
6.09%, 10/23/29 (Call 10/23/28), (1-day SOFR + 1.570%)(b)		120		124,047
6.25%, 10/23/34 (Call 10/23/33), (1-day SOFR + 1.810%)(b)		145		153,916
6.40%, 05/15/38		823		918,632
7.63%, 10/15/26		64		68,003
7.75%, 07/15/25		68		70,449
8.00%, 04/29/27		611		664,429
8.75%, 09/01/30		49		57,706
KeyBank NA/Cleveland OH
3.30%, 06/01/25		250		240,376
3.40%, 05/20/26		265		249,071
6.95%, 02/01/28		5		5,113
KeyCorp
2.25%, 04/06/27		80		71,360
2.55%, 10/01/29		608		508,716
4.10%, 04/30/28		20		18,720
Lloyds Bank PLC, 3.50%, 05/14/25		200		195,278
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26), (1-year CMT + 0.850%)(b)		1,357		1,244,713
3.57%, 11/07/28 (Call 11/07/27), (3-mo. LIBOR US + 1.205%)(b)		400		373,053
3.75%, 01/11/27		200		191,877
4.34%, 01/09/48		205		161,021
4.38%, 03/22/28		306		295,538
4.45%, 05/08/25		200		197,396
4.55%, 08/16/28		225		218,296
4.58%, 12/10/25		201		196,939
4.65%, 03/24/26		220		215,553
5.30%, 12/01/45(a)		202		188,275

S C H E D U L E  O F  I N V E S T M E N T S 87

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.68%, 01/05/35 (Call 01/05/34), (1-year CMT + 1.750%)(b)	$	300	$	296,089
5.87%, 03/06/29 (Call 03/06/28), (1-year CMT + 1.700%)(b)		135		136,313
5.99%, 08/07/27 (Call 08/07/26), (1-year CMT + 1.480%)(b)		200		201,385
7.95%, 11/15/33 (Call 08/15/32), (1-year CMT + 3.750%)(b)		330		367,883
Mitsubishi UFJ Financial Group Inc.
2.05%, 07/17/30		125		103,700
2.31%, 07/20/32 (Call 07/20/31), (1-year CMT + 0.950%)(b)		329		269,485
2.49%, 10/13/32 (Call 10/13/31), (1-year CMT + 0.970%)(b)		200		165,224
2.76%, 09/13/26		100		94,279
2.85%, 01/19/33 (Call 01/19/32), (1-year CMT + 1.100%)(b)		235		198,137
3.29%, 07/25/27		67		63,358
3.68%, 02/22/27		70		67,468
3.74%, 03/07/29		432		407,877
3.75%, 07/18/39		383		326,586
3.85%, 03/01/26		115		112,109
3.96%, 03/02/28		48		46,234
4.05%, 09/11/28		245		237,118
4.15%, 03/07/39		138		124,284
4.29%, 07/26/38(a)		88		81,216
4.32%, 04/19/33 (Call 04/19/32), (1-year CMT + 1.550%)(b)		10		9,354
5.13%, 07/20/33 (Call 07/20/32), (1-year CMT + 2.125%)(b)		237		234,218
5.41%, 04/19/34 (Call 04/19/33), (1-year CMT + 1.970%)(b)		40		40,421
5.44%, 02/22/34 (Call 02/22/33), (1-year CMT + 1.630%)(b)		200		202,273
5.47%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.125%)(b)		240		243,643
Mizuho Financial Group Inc.
2.17%, 05/22/32 (Call 05/22/31), (1-year CMT + 0.870%)(b)		200		161,331
2.20%, 07/10/31 (Call 07/10/30), (3-mo. SOFR + 1.772%)(b)		220		181,960
2.23%, 05/25/26 (Call 05/25/25), (3-mo. SOFR + 1.092%)(b)		200		191,850
2.26%, 07/09/32 (Call 07/09/31), (1-year CMT + 0.900%)(b)		60		48,475
2.56%, 09/13/31		15		12,155
2.59%, 05/25/31 (Call 05/25/30), (3-mo. SOFR + 1.332%)(b)		45		38,281
2.84%, 09/13/26		115		108,353
2.87%, 09/13/30 (Call 09/13/29), (3-mo. SOFR + 1.572%)(b)		5		4,397
3.15%, 07/16/30 (Call 07/16/29), (3-mo. SOFR + 1.392%)(b)		82		73,547
3.17%, 09/11/27		30		28,047
3.66%, 02/28/27		115		110,071
4.02%, 03/05/28		315		302,833
4.25%, 09/11/29 (Call 09/11/28), (3-mo. SOFR + 1.532%)(b)		233		223,270
5.38%, 05/26/30 (Call 05/26/29), (1-year CMT + 1.120%)(b)		200		200,040

Security	Par (000)		Value
Banks (continued)
5.58%, 05/26/35 (Call 05/26/34), (1-year CMT + 1.300%)(b)	$	200	$	200,501
5.67%, 05/27/29 (Call 05/27/28), (1-year CMT + 1.500%)(b)		245		248,280
5.67%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.400%)(b)		345		350,124
5.75%, 05/27/34 (Call 05/27/33), (1-year CMT + 1.800%)(b)		240		245,003
5.75%, 07/06/34 (Call 07/06/33), (1-year CMT + 1.900%)(b)		370		376,964
5.78%, 07/06/29 (Call 07/06/28), (1-year CMT + 1.650%)(b)		415		422,545
Morgan Stanley
1.51%, 07/20/27 (Call 07/20/26), (1-day SOFR + 0.858%)(b)		1,065		974,047
1.59%, 05/04/27 (Call 05/04/26), (1-day SOFR + 0.879%)(b)		315		290,412
1.79%, 02/13/32 (Call 02/13/31), (1-day SOFR + 1.034%)(b)		660		522,602
1.93%, 04/28/32 (Call 04/28/31), (1-day SOFR + 1.020%)(b)		610		484,216
2.24%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.178%)(b)		660		532,107
2.48%, 09/16/36 (Call 09/16/31), (1-day SOFR + 1.360%)(b)		887		697,041
2.51%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.200%)(a)(b)		145		118,757
2.70%, 01/22/31 (Call 01/22/30), (1-day SOFR + 1.143%)(b)		242		209,489
2.80%, 01/25/52 (Call 01/25/51), (1-day SOFR + 1.430%)(b)		290		186,424
2.94%, 01/21/33 (Call 01/21/32), (1-day SOFR + 1.290%)(b)		65		54,527
3.13%, 07/27/26		680		648,353
3.59%, 07/22/28 (Call 07/22/27)(b)		778		736,260
3.62%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.120%)(b)		357		324,176
3.63%, 01/20/27		870		838,799
3.77%, 01/24/29 (Call 01/24/28), (3-mo. SOFR + 1.402%)(b)		616		582,198
3.88%, 01/27/26		523		510,287
3.95%, 04/23/27		640		615,988
3.97%, 07/22/38 (Call 07/22/37)(b)		312		265,968
4.00%, 07/23/25		19		18,675
4.30%, 01/27/45		550		476,710
4.35%, 09/08/26		624		609,959
4.38%, 01/22/47		695		599,284
4.43%, 01/23/30 (Call 01/23/29), (3-mo. SOFR + 1.890%)(b)		1,029		988,120
4.46%, 04/22/39 (Call 04/22/38), (3-mo. SOFR + 1.693%)(b)		141		127,291
4.89%, 07/20/33 (Call 07/20/32), (1-day SOFR + 2.076%)(b)		15		14,395
5.00%, 11/24/25		302		300,214
5.12%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.730%)(b)		205		203,772
5.16%, 04/20/29 (Call 04/20/28), (1-day SOFR + 1.590%)(b)		190		188,676
5.25%, 04/21/34 (Call 04/21/33), (1-day SOFR + 1.870%)(a)(b)		415		407,349

88 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.30%, 04/20/37 (Call 04/20/32), (1-day SOFR + 2.620%)(b)	$	300	$	286,890
5.42%, 07/21/34 (Call 07/21/33), (1-day SOFR + 1.880%)(b)		405		403,030
5.45%, 07/20/29 (Call 07/20/28), (1-day SOFR + 1.630%)(b)		45		45,187
5.47%, 01/18/35 (Call 01/18/34), (1-day SOFR + 1.730%)(b)		150		149,849
5.60%, 03/24/51 (Call 03/24/50), (1-day SOFR + 4.840%)(b)		320		331,092
5.94%, 02/07/39 (Call 02/07/34), (5-year CMT + 1.800%)(b)		150		147,749
5.95%, 01/19/38 (Call 01/19/33), (5-year CMT + 2.430%)(b)		400		398,812
6.25%, 08/09/26		525		537,317
6.30%, 10/18/28 (Call 10/18/27), (1-day SOFR + 2.240%)(b)		115		118,869
6.34%, 10/18/33 (Call 10/18/32), (1-day SOFR + 2.560%)(b)		360		381,567
6.38%, 07/24/42(a)		809		898,698
6.41%, 11/01/29 (Call 11/01/28), (1-day SOFR + 1.830%)(b)		65		67,815
7.25%, 04/01/32(a)		597		680,329
National Australia Bank Ltd./New York
2.50%, 07/12/26		1,361		1,284,031
3.38%, 01/14/26		705		683,875
4.90%, 06/13/28		250		249,420
National Bank of Canada, 5.60%, 12/18/28		1,425		1,439,039
NatWest Group PLC
3.07%, 05/22/28 (Call 05/22/27), (1-year CMT + 2.550%)(b)		85		78,893
4.45%, 05/08/30 (Call 05/08/29), (3-mo. LIBOR US + 1.871%)(b)		414		391,659
4.80%, 04/05/26		201		198,513
4.89%, 05/18/29 (Call 05/18/28), (3-mo. LIBOR US + 1.754%)(b)		538		523,511
5.08%, 01/27/30 (Call 01/27/29), (3-mo. LIBOR US + 1.905%)(b)		950		928,759
5.52%, 09/30/28 (Call 09/30/27), (1-year CMT + 2.270%)(b)		245		244,797
5.58%, 03/01/28 (Call 03/01/27), (1-year CMT + 1.100%)(b)		200		200,156
5.78%, 03/01/35 (Call 03/01/34), (1-year CMT + 1.500%)(b)		200		199,784
5.81%, 09/13/29 (Call 09/13/28), (1-year CMT + 1.950%)(b)		200		202,016
Northern Trust Corp.
3.15%, 05/03/29 (Call 02/03/29)(a)		1,187		1,098,600
3.65%, 08/03/28 (Call 05/03/28)(a)		509		486,684
3.95%, 10/30/25(a)		2,941		2,884,737
PNC Bank NA
3.10%, 10/25/27 (Call 09/25/27)		481		446,845
3.25%, 06/01/25 (Call 05/02/25)		250		243,325
3.88%, 04/10/25 (Call 03/10/25)		3,164		3,103,775
4.20%, 11/01/25 (Call 10/02/25)		125		122,063
PNC Financial Services Group Inc. (The)
2.55%, 01/22/30 (Call 10/24/29)		176		151,026
2.60%, 07/23/26 (Call 05/23/26)		51		47,947
3.15%, 05/19/27 (Call 04/19/27)		502		472,475
3.45%, 04/23/29 (Call 01/23/29)		303		279,782

Security	Par (000)		Value
Banks (continued)
4.63%, 06/06/33 (Call 06/06/32), (1-day SOFR + 1.850%)(b)	$	110	$	101,901
5.07%, 01/24/34 (Call 01/24/33), (1-day SOFR + 1.933%)(a)(b)		410		393,916
5.30%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.342%)(a)(b)		65		64,919
5.58%, 06/12/29 (Call 06/12/28), (1-day SOFR + 1.841%)(b)		253		254,605
5.81%, 06/12/26 (Call 06/12/25), (1-day SOFR + 1.322%)(b)		28		28,036
5.94%, 08/18/34 (Call 08/18/33), (1-day SOFR + 1.946%)(b)		200		203,636
6.04%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.140%)(b)		435		446,564
6.62%, 10/20/27 (Call 10/20/26), (1-day SOFR + 1.730%)(b)		55		56,469
6.88%, 10/20/34 (Call 10/20/33), (1-day SOFR + 2.284%)(b)		385		417,328
Regions Bank/Birmingham AL, 6.45%, 06/26/37		250		254,164
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		110		93,683
7.38%, 12/10/37		128		143,920
Royal Bank of Canada
2.30%, 11/03/31		325		266,178
3.88%, 05/04/32		95		86,536
4.24%, 08/03/27		195		189,981
4.65%, 01/27/26		157		155,433
4.90%, 01/12/28		385		383,733
4.95%, 02/01/29		175		173,852
5.00%, 02/01/33		525		516,035
5.00%, 05/02/33(a)		460		452,946
5.15%, 02/01/34		175		172,130
5.20%, 07/20/26		35		35,109
5.20%, 08/01/28(a)		295		296,603
6.00%, 11/01/27		300		308,908
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27), (1-day SOFR + 1.249%)(b)		775		700,888
3.24%, 10/05/26 (Call 08/05/26)		33		30,921
4.40%, 07/13/27 (Call 04/14/27)		962		921,944
4.50%, 07/17/25 (Call 04/17/25)		1,326		1,299,922
6.57%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.700%)(b)		37		37,684
Santander U.K. Group Holdings PLC
1.67%, 06/14/27 (Call 06/14/26), (1-day SOFR + 0.989%)(b)		260		236,353
2.47%, 01/11/28 (Call 01/11/27), (1-day SOFR + 1.220%)(b)		380		346,051
2.90%, 03/15/32 (Call 03/15/31), (1-day SOFR + 1.475%)(b)		242		203,831
3.82%, 11/03/28 (Call 11/03/27), (3-mo. LIBOR US + 1.400%)(b)		100		93,343
State Street Corp.
2.65%, 05/19/26		2,158		2,052,174
3.55%, 08/18/25		1,669		1,635,095
4.14%, 12/03/29 (Call 12/03/28), (3-mo. SOFR + 1.292%)(b)		498		477,261
5.16%, 05/18/34 (Call 05/18/33), (1-day SOFR + 1.890%)(a)(b)		30		29,613
5.27%, 08/03/26 (Call 07/03/26)(a)		100		100,327

S C H E D U L E  O F  I N V E S T M E N T S 89

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.12%, 11/21/34 (Call 11/21/33), (1-day SOFR + 1.958%)(b)	$	30	$	31,016
Sumitomo Mitsui Financial Group Inc.
1.71%, 01/12/31		60		47,764
1.90%, 09/17/28		90		78,302
2.22%, 09/17/31		350		283,889
2.47%, 01/14/29		15		13,343
2.63%, 07/14/26		19		17,937
2.72%, 09/27/29		10		8,806
2.75%, 01/15/30		745		651,358
3.01%, 10/19/26		28		26,508
3.04%, 07/16/29		337		302,932
3.20%, 09/17/29		344		309,327
3.35%, 10/18/27		279		263,151
3.36%, 07/12/27		205		194,283
3.45%, 01/11/27(a)		104		99,600
3.54%, 01/17/28		551		521,876
3.78%, 03/09/26		114		110,885
3.94%, 07/19/28(a)		71		67,952
4.31%, 10/16/28		198		193,718
5.77%, 01/13/33		400		412,686
5.78%, 07/13/33		200		206,824
5.80%, 07/13/28		200		205,418
5.81%, 09/14/33		310		321,107
5.85%, 07/13/30		200		205,934
5.88%, 07/13/26		200		202,943
Synchrony Bank
5.40%, 08/22/25 (Call 07/22/25)		470		464,527
5.63%, 08/23/27 (Call 07/23/27)		755		734,606
Toronto-Dominion Bank (The)
2.00%, 09/10/31		516		419,903
2.45%, 01/12/32		40		33,066
3.20%, 03/10/32		390		340,215
3.63%, 09/15/31 (Call 09/15/26), (5-year USD Swap + 2.205%)(b)		1,387		1,323,683
4.46%, 06/08/32		190		181,104
5.16%, 01/10/28		250		250,749
5.26%, 12/11/26		100		100,609
5.52%, 07/17/28		220		223,520
Truist Bank
3.63%, 09/16/25 (Call 08/16/25)		254		246,417
3.80%, 10/30/26 (Call 09/30/26)		20		19,100
Truist Financial Corp.
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)(b)		40		34,354
1.95%, 06/05/30 (Call 03/05/30)		355		289,953
3.70%, 06/05/25 (Call 05/05/25)		4		3,912
3.88%, 03/19/29 (Call 02/16/29)(a)		81		74,593
4.92%, 07/28/33 (Call 07/28/32), (1-day SOFR + 2.240%)(b)		490		450,276
5.12%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.852%)(b)		100		94,827
5.87%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.361%)(a)(b)		375		374,949
6.05%, 06/08/27 (Call 06/08/26), (1-day SOFR + 2.050%)(b)		60		60,582
7.16%, 10/30/29 (Call 10/30/28), (1-day SOFR + 2.446%)(b)		55		58,224
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		60		47,556

Security	Par (000)		Value
Banks (continued)
2.49%, 11/03/36 (Call 11/03/31), (5-year CMT + 0.950%)(b)	$	25	$	19,324
2.68%, 01/27/33 (Call 01/27/32), (1-day SOFR + 1.020%)(b)		560		457,083
3.00%, 07/30/29 (Call 04/30/29)		57		50,478
3.90%, 04/26/28 (Call 03/24/28)(a)		91		87,100
4.55%, 07/22/28 (Call 07/22/27), (1-day SOFR + 1.660%)(b)		515		502,815
4.65%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.230%)(b)		110		106,899
4.84%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.600%)(b)		30		28,236
4.97%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.110%)(b)		550		514,659
5.84%, 06/12/34 (Call 06/10/33), (1-day SOFR + 2.260%)(b)		135		136,046
5.85%, 10/21/33 (Call 10/21/32), (1-day SOFR + 2.090%)(b)		255		257,488
UBS AG/London, 5.65%, 09/11/28		900		917,939
UBS Group AG
3.75%, 03/26/25		2,945		2,884,002
4.55%, 04/17/26		560		550,028
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)(a)		442		401,567
Wells Fargo & Co.
2.57%, 02/11/31 (Call 02/11/30), (3-mo. SOFR + 1.262%)(b)		185		157,804
3.07%, 04/30/41 (Call 04/30/40), (1-day SOFR + 2.530%)(b)		265		195,853
3.35%, 03/02/33 (Call 03/02/32), (1-day SOFR + 1.500%)(b)		240		205,922
3.53%, 03/24/28 (Call 03/24/27), (1-day SOFR + 1.510%)(b)		1,115		1,057,188
3.58%, 05/22/28 (Call 05/22/27), (3-mo. SOFR + 1.572%)(b)		60		56,830
3.90%, 05/01/45		107		85,673
3.91%, 04/25/26 (Call 04/25/25), (1-day SOFR + 1.320%)(b)		225		220,658
4.30%, 07/22/27		615		597,002
4.40%, 06/14/46		175		143,590
4.54%, 08/15/26 (Call 08/15/25), (1-day SOFR + 1.560%)(b)		95		93,694
4.61%, 04/25/53 (Call 04/25/52), (1-day SOFR + 2.130%)(a)(b)		996		869,039
4.65%, 11/04/44		302		259,924
4.75%, 12/07/46		242		209,156
4.81%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.980%)(b)		95		93,320
4.90%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.100%)(b)		805		770,141
4.90%, 11/17/45		447		396,652
5.01%, 04/04/51 (Call 04/04/50), (3-mo. SOFR + 4.502%)(b)		1,170		1,082,258
5.38%, 11/02/43		127		121,185
5.39%, 04/24/34 (Call 04/24/33), (1-day SOFR + 2.020%)(b)		50		49,188
5.56%, 07/25/34 (Call 07/25/33), (1-day SOFR + 1.990%)(b)		240		239,085
5.61%, 01/15/44		495		481,312
5.95%, 12/01/86 (Call 12/15/36)		785		799,531

90 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.49%, 10/23/34 (Call 10/23/33), (1-day SOFR + 2.060%)(b)	$	300	$	319,067
Series B, 7.95%, 11/15/29		15		16,706
Westpac Banking Corp.
2.65%, 01/16/30		136		120,542
2.67%, 11/15/35 (Call 11/15/30), (5-year CMT + 1.750%)(b)		331		269,703
2.70%, 08/19/26(a)		811		769,054
2.85%, 05/13/26		1,322		1,263,231
3.02%, 11/18/36 (Call 11/18/31), (5-year CMT + 1.530%)(b)		582		473,792
3.35%, 03/08/27		1,148		1,097,898
3.40%, 01/25/28		360		340,898
4.11%, 07/24/34 (Call 07/24/29), (5-year CMT + 2.000%)(b)		288		263,072
4.32%, 11/23/31 (Call 11/23/26), (5-year USD ICE Swap + 2.236%)(b)		145		139,231
Wintrust Financial Corp., 4.85%, 06/06/29		99		89,295
				225,891,589
Beverages — 3.7%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc.
3.65%, 02/01/26 (Call 11/01/25)		251		244,720
4.70%, 02/01/36 (Call 08/01/35)		1,122		1,073,802
4.90%, 02/01/46 (Call 08/01/45)		1,738		1,622,302
Anheuser-Busch InBev Finance Inc.
4.63%, 02/01/44		226		203,929
4.70%, 02/01/36 (Call 08/01/35)		490		467,159
4.90%, 02/01/46 (Call 08/01/45)		270		249,491
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)		487		450,037
4.00%, 04/13/28 (Call 01/13/28)		411		398,426
4.35%, 06/01/40 (Call 12/01/39)		57		50,974
4.38%, 04/15/38 (Call 10/15/37)		191		174,695
4.44%, 10/06/48 (Call 04/06/48)		433		379,002
4.60%, 04/15/48 (Call 10/15/47)		502		450,931
4.60%, 06/01/60 (Call 12/01/59)		10		8,859
4.75%, 01/23/29 (Call 10/23/28)		696		691,292
4.75%, 04/15/58 (Call 10/15/57)(a)		310		278,884
4.90%, 01/23/31 (Call 10/23/30)(a)		299		300,553
4.95%, 01/15/42		499		475,959
5.45%, 01/23/39 (Call 07/23/38)		319		324,633
5.55%, 01/23/49 (Call 07/23/48)		744		761,949
5.80%, 01/23/59 (Call 07/23/58)		359		379,126
5.88%, 06/15/35		140		149,032
8.00%, 11/15/39		129		161,643
8.20%, 01/15/39		274		352,364
Brown-Forman Corp.
3.50%, 04/15/25 (Call 02/15/25)		142		139,113
4.00%, 04/15/38 (Call 10/15/37)		19		16,675
4.50%, 07/15/45 (Call 01/15/45)(a)		64		56,794
Coca-Cola Co. (The)
1.38%, 03/15/31		1,240		992,625
1.65%, 06/01/30		401		334,910
2.00%, 03/05/31		510		426,611
2.13%, 09/06/29		220		193,567
2.25%, 01/05/32		1,585		1,334,575
2.50%, 06/01/40		83		59,286
2.50%, 03/15/51		336		209,864
2.60%, 06/01/50(a)		315		202,701
2.75%, 06/01/60(a)		220		139,423

Security	Par (000)		Value
Beverages (continued)
2.90%, 05/25/27	$	310	$	294,100
3.00%, 03/05/51(a)		403		281,924
3.38%, 03/25/27		260		250,480
3.45%, 03/25/30		363		338,602
4.20%, 03/25/50		322		284,399
Coca-Cola Femsa SAB de CV
1.85%, 09/01/32 (Call 06/01/32)		60		46,702
2.75%, 01/22/30 (Call 10/22/29)		20		17,685
5.25%, 11/26/43		200		194,149
Constellation Brands Inc.
2.88%, 05/01/30 (Call 02/01/30)		25		21,951
3.15%, 08/01/29 (Call 05/01/29)		45		40,826
3.50%, 05/09/27 (Call 02/09/27)		23		21,859
3.60%, 02/15/28 (Call 11/15/27)		15		14,173
3.70%, 12/06/26 (Call 09/06/26)		20		19,247
3.75%, 05/01/50 (Call 11/01/49)		142		106,233
4.10%, 02/15/48 (Call 08/15/47)		105		84,051
4.50%, 05/09/47 (Call 11/09/46)		152		128,041
4.65%, 11/15/28 (Call 08/15/28)		45		44,102
5.25%, 11/15/48 (Call 05/15/48)		50		47,090
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		1,266		1,193,978
2.00%, 04/29/30 (Call 01/29/30)		1,832		1,543,865
2.13%, 04/29/32 (Call 01/29/32)		1,065		860,539
2.38%, 10/24/29 (Call 07/24/29)		1,680		1,474,994
3.88%, 05/18/28 (Call 02/18/28)(a)		2,015		1,944,811
5.20%, 10/24/25		445		445,178
5.38%, 10/05/26 (Call 09/05/26)		200		201,563
5.63%, 10/05/33 (Call 07/05/33)		200		207,614
Diageo Investment Corp.
4.25%, 05/11/42(a)		95		84,271
7.45%, 04/15/35		555		656,297
Fomento Economico Mexicano SAB de CV 3.50%, 01/16/50 (Call 07/16/49)		160		118,268
4.38%, 05/10/43		10		8,765
Keurig Dr Pepper Inc.
2.55%, 09/15/26 (Call 06/15/26)		55		51,579
3.20%, 05/01/30 (Call 02/01/30)		40		36,070
3.35%, 03/15/51 (Call 09/15/50)		120		83,427
3.40%, 11/15/25 (Call 08/15/25)		118		114,285
3.43%, 06/15/27 (Call 03/15/27)		82		78,050
3.80%, 05/01/50 (Call 11/01/49)		179		136,134
4.05%, 04/15/32 (Call 01/15/32)(a)		213		197,567
4.42%, 05/25/25 (Call 03/25/25)(a)		122		120,667
4.42%, 12/15/46 (Call 06/15/46)		173		146,004
4.50%, 11/15/45 (Call 05/15/45)		166		143,117
4.50%, 04/15/52 (Call 10/15/51)		300		254,593
4.60%, 05/25/28 (Call 02/25/28)(a)		340		334,920
5.09%, 05/25/48 (Call 11/25/47)(a)		75		70,285
Molson Coors Beverage Co.
3.00%, 07/15/26 (Call 04/15/26)		894		851,464
4.20%, 07/15/46 (Call 01/15/46)		547		445,642
5.00%, 05/01/42		380		353,112
PepsiCo Inc.
1.63%, 05/01/30 (Call 02/01/30)		239		198,673
2.25%, 03/19/25 (Call 02/19/25)		256		248,619
2.38%, 10/06/26 (Call 07/06/26)		825		777,260
2.63%, 03/19/27 (Call 01/19/27)		49		46,073
2.63%, 07/29/29 (Call 04/29/29)		1,093		984,648
2.75%, 04/30/25 (Call 01/30/25)		2,135		2,079,317
2.75%, 03/19/30 (Call 12/19/29)		200		178,415

S C H E D U L E  O F  I N V E S T M E N T S 91

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
2.75%, 10/21/51 (Call 04/21/51)	$	100	$	65,710
2.85%, 02/24/26 (Call 11/24/25)		1,111		1,068,448
2.88%, 10/15/49 (Call 04/15/49)(a)		194		133,466
3.00%, 10/15/27 (Call 07/15/27)		1,458		1,374,443
3.38%, 07/29/49 (Call 01/29/49)		178		133,895
3.50%, 07/17/25 (Call 04/17/25)		851		833,602
3.50%, 03/19/40 (Call 09/19/39)		35		28,736
3.63%, 03/19/50 (Call 09/19/49)(a)		259		204,024
3.88%, 03/19/60 (Call 09/19/59)		50		39,926
4.00%, 03/05/42		125		110,612
4.00%, 05/02/47 (Call 11/02/46)		110		92,777
4.45%, 04/14/46 (Call 10/14/45)		422		381,686
4.88%, 11/01/40		115		113,834
5.13%, 11/10/26 (Call 10/10/26)		225		226,469
5.25%, 11/10/25		220		220,929
5.50%, 01/15/40		55		57,428
7.00%, 03/01/29(a)		14		15,431
				37,763,000
Biotechnology — 1.8%
Amgen Inc.
2.20%, 02/21/27 (Call 12/21/26)(a)		737		679,076
2.30%, 02/25/31 (Call 11/25/30)		39		32,637
2.45%, 02/21/30 (Call 11/21/29)		885		769,334
2.60%, 08/19/26 (Call 05/19/26)(a)		429		404,911
2.77%, 09/01/53 (Call 03/01/53)		260		158,399
3.00%, 01/15/52 (Call 07/15/51)(a)		300		200,524
3.13%, 05/01/25 (Call 02/01/25)		937		913,636
3.15%, 02/21/40 (Call 08/21/39)		30		22,503
3.20%, 11/02/27 (Call 08/02/27)		638		599,630
3.38%, 02/21/50 (Call 08/21/49)		245		174,761
4.20%, 03/01/33 (Call 12/01/32)		310		287,019
4.20%, 02/22/52 (Call 08/22/51)		150		121,497
4.40%, 05/01/45 (Call 11/01/44)		531		453,234
4.40%, 02/22/62 (Call 08/22/61)		190		152,662
4.56%, 06/15/48 (Call 12/15/47)		362		313,451
4.66%, 06/15/51 (Call 12/15/50)		853		739,852
4.88%, 03/01/53 (Call 09/01/52)		60		53,836
4.95%, 10/01/41		152		141,634
5.15%, 03/02/28 (Call 02/02/28)		70		70,139
5.15%, 11/15/41 (Call 05/15/41)		230		218,968
5.25%, 03/02/33 (Call 12/02/32)		930		927,236
5.65%, 06/15/42 (Call 12/15/41)		128		128,981
5.65%, 03/02/53 (Call 09/02/52)		630		630,320
5.75%, 03/15/40		120		121,870
5.75%, 03/02/63 (Call 09/02/62)		460		460,187
6.38%, 06/01/37		160		171,757
6.40%, 02/01/39		125		135,198
Baxalta Inc.
4.00%, 06/23/25 (Call 03/23/25)		239		234,682
5.25%, 06/23/45 (Call 12/23/44)		170		163,694
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		80		66,944
3.15%, 05/01/50 (Call 11/01/49)		328		216,585
3.25%, 02/15/51 (Call 08/15/50)(a)		110		75,027
4.05%, 09/15/25 (Call 06/15/25)(a)		205		200,965
5.20%, 09/15/45 (Call 03/15/45)(a)		560		527,016
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		365		321,076
1.65%, 10/01/30 (Call 07/01/30)(a)		1,030		840,237
2.80%, 10/01/50 (Call 04/01/50)(a)		90		57,935
2.95%, 03/01/27 (Call 12/01/26)(a)		1,417		1,338,339

Security	Par (000)		Value
Biotechnology (continued)
3.65%, 03/01/26 (Call 12/01/25)	$	1,426	$	1,384,953
4.00%, 09/01/36 (Call 03/01/36)		205		181,372
4.15%, 03/01/47 (Call 09/01/46)		485		400,197
4.50%, 02/01/45 (Call 08/01/44)		371		326,220
4.60%, 09/01/35 (Call 03/01/35)(a)		265		250,899
4.75%, 03/01/46 (Call 09/01/45)		529		479,742
4.80%, 04/01/44 (Call 10/01/43)		451		414,125
5.25%, 10/15/33 (Call 07/15/33)(a)		670		677,759
5.65%, 12/01/41 (Call 06/01/41)		317		322,578
Illumina Inc., 2.55%, 03/23/31 (Call 12/23/30)		165		135,371
Regeneron Pharmaceuticals Inc., 2.80%, 09/15/50 (Call 03/15/50)		220		137,066
Royalty Pharma PLC
3.35%, 09/02/51 (Call 03/02/51)		92		59,745
3.55%, 09/02/50 (Call 03/02/50)(a)		144		98,017
				17,993,796
Building Materials — 1.8%
Carrier Global Corp.
2.70%, 02/15/31 (Call 11/15/30)		400		340,973
2.72%, 02/15/30 (Call 11/15/29)		94		82,264
3.38%, 04/05/40 (Call 10/05/39)		168		129,603
3.58%, 04/05/50 (Call 10/05/49)		476		350,764
5.80%, 11/30/25		235		236,688
5.90%, 03/15/34 (Call 12/15/33)		545		568,993
6.20%, 03/15/54 (Call 09/15/53)		30		32,707
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)		468		422,801
4.00%, 06/15/25 (Call 03/15/25)		2,096		2,056,667
4.00%, 03/25/32 (Call 12/25/31)(a)		545		494,290
4.50%, 03/25/52 (Call 09/25/51)		180		146,233
5.88%, 06/01/33 (Call 03/01/33)		493		500,762
Johnson Controls International PLC
3.90%, 02/14/26 (Call 11/14/25)(a)		1,938		1,888,619
6.00%, 01/15/36		420		441,238
Johnson Controls International PLC/Tyco Fire & Security Finance SCA
1.75%, 09/15/30 (Call 06/15/30)		2,303		1,878,458
2.00%, 09/16/31 (Call 06/16/31)		1,044		838,566
Lafarge SA, 7.13%, 07/15/36		45		49,860
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)		165		155,551
1.70%, 08/01/27 (Call 06/01/27)		1,050		941,096
5.50%, 09/15/28 (Call 08/15/28)		385		388,582
Martin Marietta Materials Inc.
3.20%, 07/15/51 (Call 01/15/51)		187		129,436
3.45%, 06/01/27 (Call 03/01/27)		41		39,100
3.50%, 12/15/27 (Call 09/15/27)		35		33,206
4.25%, 12/15/47 (Call 06/15/47)		81		67,314
Series CB, 2.50%, 03/15/30 (Call 12/15/29)		101		87,360
Masco Corp.
3.13%, 02/15/51 (Call 08/15/50)		40		26,639
3.50%, 11/15/27 (Call 08/15/27)		178		167,315
4.50%, 05/15/47 (Call 11/15/46)(a)		100		83,509
Mohawk Industries Inc., 3.63%, 05/15/30 (Call 02/15/30)		5		4,550
Owens Corning
3.40%, 08/15/26 (Call 05/15/26)		68		64,895
3.95%, 08/15/29 (Call 05/15/29)(a)		414		390,540
4.30%, 07/15/47 (Call 01/15/47)		137		112,262
4.40%, 01/30/48 (Call 07/30/47)		92		75,661
7.00%, 12/01/36		177		196,603

92 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Building Materials (continued)
Trane Technologies Financing Ltd.
3.50%, 03/21/26 (Call 01/21/26)(a)	$	1,620	$	1,565,481
3.80%, 03/21/29 (Call 12/21/28)(a)		1,050		992,560
5.25%, 03/03/33 (Call 12/03/32)		925		933,914
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)(a)		1,306		1,245,391
4.30%, 02/21/48 (Call 08/21/47)		96		82,574
5.75%, 06/15/43		196		202,561
Vulcan Materials Co.
3.90%, 04/01/27 (Call 01/01/27)		60		58,129
4.50%, 06/15/47 (Call 12/15/46)		102		88,215
4.70%, 03/01/48 (Call 09/01/47)		24		21,492
				18,613,422
Chemicals — 1.7%
Albemarle Corp., 5.45%, 12/01/44 (Call 06/01/44)		135		122,829
Cabot Corp., 4.00%, 07/01/29 (Call 04/01/29)(a)		65		60,644
Celanese U.S. Holdings LLC
6.17%, 07/15/27 (Call 06/15/27)		15		15,230
6.33%, 07/15/29 (Call 05/15/29)		145		149,006
6.35%, 11/15/28 (Call 10/15/28)		90		92,641
6.38%, 07/15/32 (Call 04/15/32)		215		220,746
6.55%, 11/15/30 (Call 09/15/30)		105		108,963
CF Industries Inc.
4.95%, 06/01/43		107		94,655
5.38%, 03/15/44		151		140,611
Dow Chemical Co. (The)
3.60%, 11/15/50 (Call 05/15/50)		177		128,761
4.25%, 10/01/34 (Call 04/01/34)(a)		151		138,917
4.38%, 11/15/42 (Call 05/15/42)		148		124,934
4.63%, 10/01/44 (Call 04/01/44)		93		80,634
4.80%, 11/30/28 (Call 08/30/28)		42		41,677
4.80%, 05/15/49 (Call 11/15/48)		157		136,304
5.15%, 02/15/34 (Call 11/15/33)		100		98,489
5.25%, 11/15/41 (Call 05/15/41)		168		157,335
5.55%, 11/30/48 (Call 05/30/48)		223		216,823
5.60%, 02/15/54 (Call 08/15/53)		100		98,035
6.30%, 03/15/33 (Call 12/15/32)(a)		245		262,377
6.90%, 05/15/53 (Call 11/15/52)		75		85,724
7.38%, 11/01/29		138		152,983
9.40%, 05/15/39		199		265,399
DuPont de Nemours Inc.
4.49%, 11/15/25 (Call 09/15/25)		138		136,394
4.73%, 11/15/28 (Call 08/15/28)(a)		604		600,820
5.32%, 11/15/38 (Call 05/15/38)		385		380,852
5.42%, 11/15/48 (Call 05/15/48)		379		372,071
Eastman Chemical Co.
4.65%, 10/15/44 (Call 04/15/44)		160		135,231
4.80%, 09/01/42 (Call 03/01/42)		179		156,936
Ecolab Inc.
1.30%, 01/30/31 (Call 10/30/30)(a)		632		500,040
2.13%, 02/01/32 (Call 11/01/31)		30		24,574
2.13%, 08/15/50 (Call 02/15/50)		70		40,430
2.70%, 11/01/26 (Call 08/01/26)		4,414		4,183,763
2.70%, 12/15/51 (Call 06/15/51)		108		68,216
3.25%, 12/01/27 (Call 09/01/27)		2,012		1,905,221
4.80%, 03/24/30 (Call 12/24/29)(a)		1,075		1,073,083
FMC Corp.
3.45%, 10/01/29 (Call 07/01/29)		53		47,094
4.50%, 10/01/49 (Call 04/01/49)		76		56,487
5.65%, 05/18/33 (Call 02/18/33)(a)		10		9,681

Security	Par (000)		Value
Chemicals (continued)
International Flavors & Fragrances Inc.
4.38%, 06/01/47 (Call 12/01/46)	$	216	$	161,412
4.45%, 09/26/28 (Call 06/26/28)(a)		206		199,001
5.00%, 09/26/48 (Call 03/26/48)		43		36,056
LYB International Finance BV
4.88%, 03/15/44 (Call 09/15/43)		200		175,406
5.25%, 07/15/43		226		207,296
LYB International Finance III LLC
3.63%, 04/01/51 (Call 10/01/50)		154		106,973
3.80%, 10/01/60 (Call 04/01/60)(a)		341		230,672
4.20%, 10/15/49 (Call 04/15/49)		222		171,345
4.20%, 05/01/50 (Call 11/01/49)		220		169,978
5.50%, 03/01/34 (Call 12/01/33)		200		198,481
5.63%, 05/15/33 (Call 02/15/33)		275		278,658
LyondellBasell Industries NV, 4.63%, 02/26/55 (Call 08/26/54)		276		226,657
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)		60		57,653
4.88%, 11/15/41 (Call 05/15/41)		15		13,093
5.45%, 11/15/33 (Call 05/15/33)(a)		347		342,890
5.63%, 11/15/43 (Call 05/15/43)		50		47,911
Nutrien Ltd.
3.00%, 04/01/25 (Call 01/01/25)		138		134,228
3.95%, 05/13/50 (Call 11/13/49)		80		62,295
4.13%, 03/15/35 (Call 09/15/34)		352		317,001
4.20%, 04/01/29 (Call 01/01/29)		86		82,615
4.90%, 06/01/43 (Call 12/01/42)		72		65,053
5.00%, 04/01/49 (Call 10/01/48)		171		154,313
5.25%, 01/15/45 (Call 07/15/44)		142		132,127
5.63%, 12/01/40		52		50,862
5.80%, 03/27/53 (Call 09/27/52)		130		130,132
5.88%, 12/01/36		98		100,289
6.13%, 01/15/41 (Call 07/15/40)		65		66,701
PPG Industries Inc.
2.80%, 08/15/29 (Call 05/15/29)		72		64,536
3.75%, 03/15/28 (Call 12/15/27)		51		48,842
RPM International Inc.
4.25%, 01/15/48 (Call 07/15/47)(a)		19		15,273
4.55%, 03/01/29 (Call 12/01/28)		26		25,015
5.25%, 06/01/45 (Call 12/01/44)		62		56,892
Sherwin-Williams Co. (The)
2.30%, 05/15/30 (Call 02/15/30)		120		102,012
2.95%, 08/15/29 (Call 05/15/29)		62		55,758
3.30%, 05/15/50 (Call 11/15/49)		41		28,692
3.45%, 08/01/25 (Call 05/01/25)		83		80,880
3.80%, 08/15/49 (Call 02/15/49)		26		20,058
4.00%, 12/15/42 (Call 06/15/42)		65		53,051
4.50%, 06/01/47 (Call 12/01/46)		403		347,867
4.55%, 08/01/45 (Call 02/01/45)		147		126,543
Westlake Corp.
3.38%, 08/15/61 (Call 02/15/61)(a)		130		80,503
5.00%, 08/15/46 (Call 02/15/46)		28		24,911
				17,734,541
Commercial Services — 1.5%
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)(a)		3,491		2,827,623
1.70%, 05/15/28 (Call 03/15/28)		3,853		3,430,281
3.38%, 09/15/25 (Call 06/15/25)		1,271		1,241,729
Block Financial LLC, 3.88%, 08/15/30 (Call 05/15/30)		234		210,967
Cintas Corp. No. 2, 3.70%, 04/01/27 (Call 01/01/27)		79		76,515

S C H E D U L E  O F  I N V E S T M E N T S 93

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
Global Payments Inc.
5.40%, 08/15/32 (Call 05/15/32)(a)	$	40	$	39,463
5.95%, 08/15/52 (Call 02/15/52)(a)		108		106,148
GXO Logistics Inc.
1.65%, 07/15/26 (Call 06/15/26)		975		894,025
2.65%, 07/15/31 (Call 04/15/31)		525		426,417
Moody’s Corp.
3.10%, 11/29/61 (Call 05/29/61)		140		89,559
3.25%, 01/15/28 (Call 10/15/27)		12		11,290
3.25%, 05/20/50 (Call 11/20/49)		69		48,908
4.25%, 08/08/32 (Call 05/08/32)		60		56,676
4.88%, 12/17/48 (Call 06/17/48)		173		159,602
PayPal Holdings Inc.
2.30%, 06/01/30 (Call 03/01/30)		92		78,261
2.85%, 10/01/29 (Call 07/01/29)		15		13,376
3.25%, 06/01/50 (Call 12/01/49)(a)		245		170,435
5.05%, 06/01/52 (Call 12/01/51)		60		56,300
5.25%, 06/01/62 (Call 12/01/61)(a)		190		176,866
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)		460		368,214
2.90%, 10/01/30 (Call 07/01/30)		589		510,663
3.05%, 10/01/41 (Call 04/01/41)		127		89,235
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		2,046		1,826,617
4.00%, 03/18/29 (Call 12/18/28)		1,642		1,568,207
S&P Global Inc.
2.30%, 08/15/60 (Call 02/15/60)		365		197,211
3.25%, 12/01/49 (Call 06/01/49)		265		188,793
3.90%, 03/01/62 (Call 09/01/61)		35		27,239
Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 (Call 12/15/31).		450		358,118
				15,248,738
Computers — 1.7%
Apple Inc.
2.40%, 08/20/50 (Call 02/20/50)(a)		325		202,265
2.55%, 08/20/60 (Call 02/20/60)(a)		905		559,081
2.65%, 05/11/50 (Call 11/11/49)		286		185,872
2.65%, 02/08/51 (Call 08/08/50)		410		264,234
2.70%, 08/05/51 (Call 02/05/51)		317		205,869
2.80%, 02/08/61 (Call 08/08/60)		209		132,878
2.85%, 08/05/61 (Call 02/05/61)		302		191,746
2.95%, 09/11/49 (Call 03/11/49)		206		143,666
3.35%, 08/08/32 (Call 05/08/32)(a)		195		177,034
3.45%, 02/09/45		193		153,299
3.75%, 09/12/47 (Call 03/12/47)		114		92,596
3.75%, 11/13/47 (Call 05/13/47)(a)		82		66,692
3.85%, 05/04/43		211		180,498
3.85%, 08/04/46 (Call 02/04/46)		538		449,213
3.95%, 08/08/52 (Call 02/08/52)		420		348,556
4.10%, 08/08/62 (Call 02/08/62)		305		255,501
4.25%, 02/09/47 (Call 08/09/46)		257		230,602
4.38%, 05/13/45		218		198,914
4.50%, 02/23/36 (Call 08/23/35)(a)		25		24,571
4.65%, 02/23/46 (Call 08/23/45)		960		907,226
Dell Inc., 6.50%, 04/15/38		180		188,239
Dell International LLC/EMC Corp.
8.10%, 07/15/36 (Call 01/15/36)		197		236,072
8.35%, 07/15/46 (Call 01/15/46)		154		195,063
DXC Technology Co., 2.38%, 09/15/28 (Call 07/15/28)(a)		55		47,418

Security	Par (000)		Value
Computers (continued)
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)(a)	$	325	$	302,065
4.90%, 10/15/25 (Call 07/15/25)		2,163		2,149,089
5.25%, 07/01/28 (Call 06/01/28)(a)		410		410,656
6.10%, 04/01/26 (Call 04/01/24)		115		115,040
6.20%, 10/15/35 (Call 04/15/35)		451		470,872
HP Inc.
4.20%, 04/15/32 (Call 01/15/32)		220		202,838
5.50%, 01/15/33 (Call 10/15/32)(a)		400		400,159
6.00%, 09/15/41(a)		440		449,932
International Business Machines Corp.
2.95%, 05/15/50 (Call 11/15/49)		175		115,279
3.30%, 05/15/26(a)		226		217,587
3.30%, 01/27/27		839		801,529
3.45%, 02/19/26		915		887,626
3.50%, 05/15/29		1,270		1,185,450
4.00%, 06/20/42(a)		130		108,083
4.15%, 05/15/39		185		161,282
4.25%, 05/15/49		550		460,673
4.70%, 02/19/46		100		90,563
4.75%, 02/06/33 (Call 11/06/32)(a)		270		263,474
4.90%, 07/27/52 (Call 01/27/52)		40		36,972
5.10%, 02/06/53 (Call 08/06/52)		85		81,014
5.60%, 11/30/39		121		124,409
5.88%, 11/29/32		172		182,097
6.22%, 08/01/27		405		422,517
6.50%, 01/15/28		102		107,909
7.00%, 10/30/25		523		539,827
7.13%, 12/01/96(a)		55		69,066
Kyndryl Holdings Inc., 3.15%, 10/15/31 (Call 07/15/31)		55		45,355
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)		180		147,465
4.38%, 05/15/30 (Call 02/15/30)(a)		656		616,454
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30)		75		63,355
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		192		161,795
3.10%, 02/01/32 (Call 11/01/31)		337		262,713
4.75%, 02/15/26 (Call 11/15/25)		37		36,193
				17,326,443
Cosmetics & Personal Care — 0.6%
Colgate-Palmolive Co.
3.70%, 08/01/47 (Call 02/01/47)(a)		502		414,121
4.00%, 08/15/45		262		229,357
Conopco Inc., Series E, 7.25%, 12/15/26(a)		70		74,250
Estee Lauder Companies Inc. (The)
2.38%, 12/01/29 (Call 09/01/29)(a)		33		28,834
2.60%, 04/15/30 (Call 01/15/30)		41		35,877
3.13%, 12/01/49 (Call 06/01/49)(a)		168		114,537
4.15%, 03/15/47 (Call 09/15/46)		128		105,624
4.38%, 06/15/45 (Call 12/15/44)		99		85,086
6.00%, 05/15/37		54		57,547
Procter & Gamble Co. (The)
2.45%, 11/03/26		311		293,796
2.80%, 03/25/27		409		387,175
2.85%, 08/11/27		1,001		944,571
3.00%, 03/25/30		26		23,791
3.50%, 10/25/47		10		8,038
3.60%, 03/25/50		45		36,914
5.55%, 03/05/37		415		445,198

94 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
5.80%, 08/15/34	$	45	$	50,035
Unilever Capital Corp.
1.38%, 09/14/30 (Call 06/14/30)		210		169,694
1.75%, 08/12/31 (Call 05/12/31)		780		627,283
2.00%, 07/28/26		162		151,726
2.13%, 09/06/29 (Call 06/06/29)(a)		262		228,224
2.90%, 05/05/27 (Call 02/05/27)		101		95,451
3.10%, 07/30/25		255		248,545
3.38%, 03/22/25 (Call 01/22/25)		340		333,415
3.50%, 03/22/28 (Call 12/22/27)		116		110,980
4.88%, 09/08/28 (Call 08/08/28)		70		70,504
5.00%, 12/08/33 (Call 09/08/33)(a)		415		415,697
5.90%, 11/15/32		402		427,750
Series 30Y, 2.63%, 08/12/51 (Call 02/12/51)		235		151,609
				6,365,629
Distribution & Wholesale — 0.2%
LKQ Corp.
5.75%, 06/15/28 (Call 05/15/28)		880		888,871
6.25%, 06/15/33 (Call 03/15/33)		710		729,817
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		198		158,902
4.20%, 05/15/47 (Call 11/15/46)		113		97,056
4.60%, 06/15/45 (Call 12/15/44)		334		304,071
				2,178,717
Diversified Financial Services — 3.3%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
2.45%, 10/29/26 (Call 09/29/26)		35		32,295
3.00%, 10/29/28 (Call 08/29/28)		485		435,773
3.30%, 01/30/32 (Call 10/30/31)		830		702,407
3.40%, 10/29/33 (Call 07/29/33)(a)		347		288,658
3.65%, 07/21/27 (Call 04/21/27)		245		230,654
3.85%, 10/29/41 (Call 04/29/41)		182		140,694
3.88%, 01/23/28 (Call 10/23/27)		192		180,791
4.45%, 10/01/25 (Call 08/01/25)(a)		355		348,193
4.45%, 04/03/26 (Call 02/03/26)		354		346,748
4.63%, 10/15/27 (Call 08/15/27)		156		151,027
5.10%, 01/19/29 (Call 12/19/28)		150		147,458
5.30%, 01/19/34 (Call 10/19/33)		150		144,922
5.75%, 06/06/28 (Call 05/06/28)		150		151,196
6.10%, 01/15/27 (Call 12/15/26)		150		151,939
6.15%, 09/30/30 (Call 07/30/30)		150		154,910
6.50%, 07/15/25 (Call 06/15/25)(a)		1,609		1,623,531
Affiliated Managers Group Inc., 3.50%, 08/01/25		86		83,640
Air Lease Corp.
2.88%, 01/15/32 (Call 10/15/31)		215		178,400
3.00%, 02/01/30 (Call 11/01/29)		184		159,944
3.13%, 12/01/30 (Call 09/01/30)		40		34,440
3.25%, 03/01/25 (Call 01/01/25)		124		121,069
3.25%, 10/01/29 (Call 07/01/29)(a)		247		220,155
3.63%, 04/01/27 (Call 01/01/27)		251		238,332
3.63%, 12/01/27 (Call 09/01/27)(a)		218		204,096
3.75%, 06/01/26 (Call 04/01/26)		209		201,412
4.63%, 10/01/28 (Call 07/01/28)		243		234,714
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26)		819		793,723
Ally Financial Inc.
4.63%, 03/30/25(a)		95		93,791
6.85%, 01/03/30 (Call 01/03/29), (1-day SOFR + 2.282%)(a)(b)		15		15,331

Security	Par (000)		Value
Diversified Financial Services (continued)
6.99%, 06/13/29 (Call 06/13/28), (1-day SOFR + 3.260%)(b)	$	10	$	10,272
8.00%, 11/01/31		727		796,302
American Express Co.
3.13%, 05/20/26 (Call 04/20/26)		972		932,817
4.05%, 12/03/42		225		193,543
4.20%, 11/06/25 (Call 10/06/25)		1,372		1,353,360
4.42%, 08/03/33 (Call 08/03/32), (1-day SOFR + 1.760%)(b)		167		158,211
4.99%, 05/01/26 (Call 05/01/25), (1-day SOFR + 1.000%)(b)		110		109,367
4.99%, 05/26/33 (Call 02/26/32), (1-day SOFR + 2.255%)(b)		135		131,313
5.04%, 05/01/34 (Call 05/01/33), (1-day SOFR + 1.835%)(b)		190		186,355
5.10%, 02/16/28 (Call 02/16/27), (1-day SOFR + 1.000%)(b)		75		74,701
5.28%, 07/27/29 (Call 07/27/28), (1-day SOFR + 1.280%)(b)		325		326,857
5.39%, 07/28/27 (Call 07/28/26), (1-day SOFR + 0.970%)(a)(b)		85		85,234
5.63%, 07/28/34 (Call 07/28/33), (1-day SOFR + 1.930%)(b)		55		55,337
6.34%, 10/30/26 (Call 10/30/25), (1-day SOFR + 1.330%)(b)		30		30,456
6.49%, 10/30/31 (Call 10/30/30), (1-day SOFR + 1.940%)(b)		125		133,126
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)		495		469,130
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)(a)		23		21,820
3.00%, 04/02/25 (Call 03/02/25)		15		14,606
Brookfield Capital Finance LLC, 6.09%, 06/14/33 (Call 03/14/33)		205		211,460
Brookfield Finance I U.K. PLC/Brookfield Finance Inc., 2.34%, 01/30/32 (Call 10/30/31)		205		164,265
Brookfield Finance Inc.
3.50%, 03/30/51 (Call 09/30/50)		208		147,713
3.63%, 02/15/52 (Call 08/15/51)(a)		130		92,666
3.90%, 01/25/28 (Call 10/25/27)		171		163,973
4.25%, 06/02/26 (Call 03/02/26)		237		232,699
4.35%, 04/15/30 (Call 01/15/30)		4		3,789
4.70%, 09/20/47 (Call 03/20/47)		218		184,979
4.85%, 03/29/29 (Call 12/29/28)(a)		112		110,395
5.97%, 03/04/54 (Call 09/04/53)		50		50,466
6.35%, 01/05/34 (Call 10/05/33)		200		210,184
Brookfield Finance LLC/Brookfield Finance Inc., 3.45%, 04/15/50 (Call 10/15/49)		201		139,510
Capital One Financial Corp.
2.36%, 07/29/32 (Call 07/29/31), (1-day SOFR + 1.337%)(b)		295		222,291
2.62%, 11/02/32 (Call 11/02/31), (1-day SOFR + 1.265%)(b)		175		139,730
2.64%, 03/03/26 (Call 03/03/25), (1-day SOFR + 1.290%)(b)		130		126,101
3.27%, 03/01/30 (Call 03/01/29), (1-day SOFR + 1.790%)(b)		147		130,979
3.80%, 01/31/28 (Call 12/31/27)		150		141,752
4.93%, 05/10/28 (Call 05/10/27), (1-day SOFR + 2.057%)(b)		55		53,800

S C H E D U L E  O F  I N V E S T M E N T S 95

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.99%, 07/24/26 (Call 07/24/25), (1-day SOFR + 2.160%)(b)	$	110	$	108,976
5.25%, 07/26/30 (Call 07/26/29), (1-day SOFR + 2.600%)(b)		125		121,879
5.27%, 05/10/33 (Call 05/10/32), (1-day SOFR + 2.370%)(a)(b)		415		402,495
5.82%, 02/01/34 (Call 02/01/33), (1-day SOFR + 2.600%)(b)		110		108,707
6.31%, 06/08/29 (Call 06/08/28), (1-day SOFR + 2.640%)(b)		145		148,501
6.38%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.860%)(b)		295		303,864
7.62%, 10/30/31 (Call 10/30/30), (1-day SOFR + 3.070%)(b)		35		38,303
Cboe Global Markets Inc., 3.65%, 01/12/27 (Call 10/12/26)		137		132,578
Charles Schwab Corp. (The)
1.95%, 12/01/31 (Call 09/01/31)		210		166,687
2.00%, 03/20/28 (Call 01/20/28)(a)		75		66,490
2.30%, 05/13/31 (Call 02/13/31)		115		95,190
2.90%, 03/03/32 (Call 12/03/31)(a)		415		351,265
3.20%, 01/25/28 (Call 10/25/27)		54		50,556
4.63%, 03/22/30 (Call 12/22/29)(a)		60		59,227
5.85%, 05/19/34 (Call 05/19/33), (1-day SOFR + 2.500%)(b)		15		15,225
6.14%, 08/24/34 (Call 08/24/33), (1-day SOFR + 2.010%)(a)(b)		220		228,195
CI Financial Corp.
3.20%, 12/17/30 (Call 09/17/30)		240		191,084
4.10%, 06/15/51 (Call 12/15/50)		74		43,722
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		20		17,133
3.75%, 06/15/28 (Call 03/15/28)		99		95,509
4.15%, 06/15/48 (Call 12/15/47)		33		28,328
5.30%, 09/15/43 (Call 03/15/43)		45		45,548
Credit Suisse USA Inc., 7.13%, 07/15/32		220		245,505
Discover Financial Services
4.10%, 02/09/27 (Call 11/09/26)		594		570,883
6.70%, 11/29/32 (Call 08/29/32)		250		261,610
7.96%, 11/02/34 (Call 11/02/33), (1-day SOFR + 3.370%)(b)		220		246,551
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		180		171,325
Franklin Resources Inc.
2.85%, 03/30/25		51		49,686
2.95%, 08/12/51 (Call 02/12/51)		30		18,433
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		135		104,187
2.65%, 09/15/40 (Call 03/15/40)(a)		82		58,083
3.00%, 06/15/50 (Call 12/15/49)		327		219,306
3.00%, 09/15/60 (Call 03/15/60)		395		244,701
3.10%, 09/15/27 (Call 06/15/27)		20		18,781
3.75%, 09/21/28 (Call 06/21/28)(a)		5		4,772
4.25%, 09/21/48 (Call 03/21/48)		265		224,284
4.60%, 03/15/33 (Call 12/15/32)(a)		160		152,946
4.95%, 06/15/52 (Call 12/15/51)		235		219,338
5.20%, 06/15/62 (Call 12/15/61)		295		283,499
Invesco Finance PLC
3.75%, 01/15/26(a)		135		131,190
5.38%, 11/30/43		181		174,703

Security	Par (000)		Value
Diversified Financial Services (continued)
Janus Henderson U.S. Holdings Inc., 4.88%, 08/01/25 (Call 05/01/25)	$	1,512	$	1,494,166
Jefferies Financial Group Inc.
2.63%, 10/15/31 (Call 07/15/31)		25		20,447
6.25%, 01/15/36		63		64,732
6.50%, 01/20/43		70		72,894
Legg Mason Inc.
4.75%, 03/15/26(a)		385		382,294
5.63%, 01/15/44		271		271,515
Mastercard Inc.
2.95%, 06/01/29 (Call 03/01/29)		40		36,722
2.95%, 03/15/51 (Call 09/15/50)		110		76,193
3.35%, 03/26/30 (Call 12/26/29)		115		106,186
3.65%, 06/01/49 (Call 12/01/48)		275		218,652
3.80%, 11/21/46 (Call 05/21/46)		111		91,651
3.85%, 03/26/50 (Call 09/26/49)		261		215,489
3.95%, 02/26/48 (Call 08/26/47)		123		103,951
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)		205		163,257
3.25%, 04/28/50 (Call 10/28/49)		103		70,037
3.85%, 06/30/26 (Call 03/30/26)		165		160,131
3.95%, 03/07/52 (Call 09/07/51)		229		173,978
5.35%, 06/28/28 (Call 05/28/28)		390		393,905
5.55%, 02/15/34 (Call 11/15/33)		375		377,444
5.65%, 06/28/25		50		50,162
6.10%, 06/28/63 (Call 12/28/62)		65		67,458
Nomura Holdings Inc.
2.17%, 07/14/28		735		640,676
2.33%, 01/22/27		135		123,711
2.61%, 07/14/31		222		182,393
2.68%, 07/16/30		388		327,953
2.71%, 01/22/29		241		212,372
3.00%, 01/22/32		231		192,423
3.10%, 01/16/30		506		444,220
5.39%, 07/06/27		215		214,506
6.07%, 07/12/28		200		204,752
6.09%, 07/12/33		200		208,452
ORIX Corp.
3.70%, 07/18/27		56		53,543
4.00%, 04/13/32		125		116,176
5.20%, 09/13/32(a)		145		146,530
Radian Group Inc.
4.88%, 03/15/27 (Call 09/15/26)(a)		70		67,979
6.63%, 03/15/25 (Call 09/15/24)(a)		565		565,900
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		162		119,988
4.95%, 07/15/46		185		169,944
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		104		81,563
3.70%, 08/04/26 (Call 05/04/26)		265		250,074
3.95%, 12/01/27 (Call 09/01/27)		647		599,269
4.50%, 07/23/25 (Call 04/23/25)		340		332,298
4.88%, 06/13/25 (Call 05/13/25)(a)		20		19,680
5.15%, 03/19/29 (Call 12/19/28)		456		435,000
Visa Inc.
2.00%, 08/15/50 (Call 02/15/50)		281		163,358
2.05%, 04/15/30 (Call 01/15/30)		11		9,435
3.65%, 09/15/47 (Call 03/15/47)		228		181,449
4.15%, 12/14/35 (Call 06/14/35)		488		457,436
4.30%, 12/14/45 (Call 06/14/45)		493		439,415

96 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
Voya Financial Inc., 4.70%, 01/23/48 (Call 01/23/28), (3-mo. LIBOR US + 2.084%)(b)	$	250	$	210,158
Western Union Co. (The), 6.20%, 11/17/36(a)		293		295,122
				33,716,086
Electric — 7.9%
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)		545		375,450
4.70%, 05/15/32 (Call 02/15/32)		320		304,911
5.25%, 05/15/52 (Call 11/15/51)		345		323,220
5.40%, 06/01/33 (Call 03/01/33)(a)		555		553,888
Series G, 4.15%, 05/01/49 (Call 11/01/48)		90		70,578
Series H, 3.45%, 01/15/50 (Call 07/15/49)		170		118,566
Avangrid Inc., 3.80%, 06/01/29 (Call 03/01/29)		4,232		3,942,969
Avista Corp.
4.00%, 04/01/52 (Call 10/01/51)		298		227,493
4.35%, 06/01/48 (Call 12/01/47)		532		438,185
Baltimore Gas & Electric Co.
2.40%, 08/15/26 (Call 05/15/26)		899		847,194
3.20%, 09/15/49 (Call 03/15/49)		464		318,022
3.50%, 08/15/46 (Call 02/15/46)		254		187,113
3.75%, 08/15/47 (Call 02/15/47)(a)		94		71,517
4.25%, 09/15/48 (Call 03/15/48)(a)		195		162,644
6.35%, 10/01/36		160		170,909
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)		337		262,521
3.60%, 03/01/52 (Call 09/01/51)		450		338,047
3.95%, 03/01/48 (Call 09/01/47)		259		209,105
4.50%, 04/01/44 (Call 10/01/43)		187		165,111
5.30%, 04/01/53 (Call 10/01/52)		60		59,631
Series AA, 3.00%, 02/01/27 (Call 11/01/26)		144		136,593
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		277		233,538
Series AD, 2.90%, 07/01/50 (Call 01/01/50)		83		54,558
Series AF, 3.35%, 04/01/51 (Call 10/01/50)		132		94,878
Series K2, 6.95%, 03/15/33		50		56,399
Series Z, 2.40%, 09/01/26 (Call 06/01/26)		4		3,769
Cleveland Electric Illuminating Co. (The), 5.95%, 12/15/36		330		329,186
CMS Energy Corp.
3.75%, 12/01/50 (Call 09/01/30), (5-year CMT + 2.900%)(a)(b)		500		400,708
4.75%, 06/01/50 (Call 03/01/30), (5-year CMT + 4.116%)(b)		55		50,185
Commonwealth Edison Co.
2.20%, 03/01/30 (Call 12/01/29)		1,012		860,559
2.55%, 06/15/26 (Call 03/15/26)		854		807,975
3.00%, 03/01/50 (Call 09/01/49)		310		204,251
3.65%, 06/15/46 (Call 12/15/45)		219		166,890
3.70%, 08/15/28 (Call 05/15/28)(a)		153		145,711
3.70%, 03/01/45 (Call 09/01/44)		199		155,038
3.80%, 10/01/42 (Call 04/01/42)		170		136,208
4.00%, 03/01/48 (Call 09/01/47)		262		209,351
4.00%, 03/01/49 (Call 09/01/48)		190		150,764
4.35%, 11/15/45 (Call 05/15/45)		154		130,980
4.60%, 08/15/43 (Call 02/15/43)		35		31,450
4.70%, 01/15/44 (Call 07/15/43)		113		101,375
5.90%, 03/15/36		228		238,447
6.45%, 01/15/38(a)		159		172,554
Series 122, 2.95%, 08/15/27 (Call 05/15/27)		51		47,764
Series 123, 3.75%, 08/15/47 (Call 02/15/47)		239		182,469
Series 127, 3.20%, 11/15/49 (Call 05/15/49)		292		200,073

Security	Par (000)		Value
Electric (continued)
Connecticut Light & Power Co. (The)
4.00%, 04/01/48 (Call 10/01/47)	$	598	$	485,109
4.30%, 04/15/44 (Call 10/15/43)		295		251,237
4.90%, 07/01/33 (Call 04/01/33)		40		39,068
Series A, 2.05%, 07/01/31 (Call 04/01/31)		385		312,843
Series A, 3.20%, 03/15/27 (Call 12/15/26)		272		258,428
Series A, 4.15%, 06/01/45 (Call 12/01/44)(a)		454		383,030
Connecticut Light and Power Co. (The), 4.65%, 01/01/29 (Call 12/01/28)		100		98,312
Consolidated Edison Co. of New York Inc.
3.70%, 11/15/59 (Call 05/15/59)		204		145,200
3.80%, 05/15/28 (Call 02/15/28)(a)		96		91,678
3.85%, 06/15/46 (Call 12/15/45)		185		145,227
3.95%, 03/01/43 (Call 09/01/42)		80		65,493
4.45%, 03/15/44 (Call 09/15/43)		216		187,115
4.50%, 12/01/45 (Call 06/01/45)		218		188,561
4.50%, 05/15/58 (Call 11/15/57)		114		95,683
4.63%, 12/01/54 (Call 06/01/54)		191		164,026
5.70%, 06/15/40		120		120,699
Series 05-A, 5.30%, 03/01/35		235		233,433
Series 06-A, 5.85%, 03/15/36		199		204,647
Series 06-B, 6.20%, 06/15/36		95		100,853
Series 07-A, 6.30%, 08/15/37(a)		98		104,529
Series 08-B, 6.75%, 04/01/38		233		259,685
Series 09-C, 5.50%, 12/01/39		147		146,438
Series 12-A, 4.20%, 03/15/42		139		115,833
Series 2017, 3.88%, 06/15/47 (Call 12/15/46)		128		99,095
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)		383		350,145
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)		246		196,956
Series A, 4.13%, 05/15/49 (Call 11/15/48)		178		143,026
Series B, 3.13%, 11/15/27 (Call 08/15/27)		86		80,791
Series C, 3.00%, 12/01/60 (Call 06/01/60)		225		136,483
Series C, 4.00%, 11/15/57 (Call 05/15/57)		110		85,108
Series C, 4.30%, 12/01/56 (Call 06/01/56)		180		147,099
Series D, 4.00%, 12/01/28 (Call 09/01/28)(a)		251		242,061
Series E, 4.65%, 12/01/48 (Call 06/01/48)		113		98,606
Constellation Energy Generation LLC
5.60%, 06/15/42 (Call 12/15/41)(a)		101		98,432
5.75%, 10/01/41 (Call 04/01/41)		77		75,449
5.80%, 03/01/33 (Call 12/01/32)		525		536,493
6.25%, 10/01/39		145		149,586
Consumers Energy Co.
2.50%, 05/01/60 (Call 11/01/59)		1,385		768,507
2.65%, 08/15/52 (Call 02/15/52)		500		310,195
4.20%, 09/01/52 (Call 03/01/52)		225		186,656
4.63%, 05/15/33 (Call 11/15/32)		280		270,703
Delmarva Power & Light Co., 4.15%, 05/15/45 (Call 11/15/44)		134		107,487
Edison International
4.13%, 03/15/28 (Call 12/15/27)		223		212,747
5.75%, 06/15/27 (Call 04/15/27)		214		216,026
El Paso Electric Co.
5.00%, 12/01/44 (Call 06/01/44)(a)		115		97,622
6.00%, 05/15/35		75		75,212
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		815		782,906
Entergy Louisiana LLC
2.90%, 03/15/51 (Call 09/15/50)		510		319,957
4.20%, 09/01/48 (Call 03/01/48)		225		182,528
4.20%, 04/01/50 (Call 10/01/49)		288		233,582
4.95%, 01/15/45 (Call 01/15/25)		460		420,121

S C H E D U L E  O F  I N V E S T M E N T S 97

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Entergy Texas Inc., 5.80%, 09/01/53 (Call 03/01/53)(a)	$	100	$	102,886
Eversource Energy
2.55%, 03/15/31 (Call 12/15/30)(a)		180		148,573
3.45%, 01/15/50 (Call 07/15/49)		501		341,177
5.00%, 01/01/27(a)		75		74,487
5.13%, 05/15/33 (Call 02/15/33)		10		9,660
5.45%, 03/01/28 (Call 02/01/28)(a)		135		135,739
5.50%, 01/01/34 (Call 10/01/33)(a)		200		197,933
5.95%, 02/01/29 (Call 01/01/29)		195		199,712
Series M, 3.30%, 01/15/28 (Call 10/15/27)		238		221,664
Series O, 4.25%, 04/01/29 (Call 01/01/29)		187		178,142
Series R, 1.65%, 08/15/30 (Call 05/15/30)(a)		2,292		1,823,752
Exelon Corp.
3.40%, 04/15/26 (Call 01/15/26)		336		323,509
3.95%, 06/15/25 (Call 03/15/25)		340		333,724
4.05%, 04/15/30 (Call 01/15/30)		938		879,783
4.10%, 03/15/52 (Call 09/15/51)(a)		135		104,713
4.45%, 04/15/46 (Call 10/15/45)		291		243,576
4.70%, 04/15/50 (Call 10/15/49)		354		305,718
4.95%, 06/15/35 (Call 12/15/34)		208		194,326
5.10%, 06/15/45 (Call 12/15/44)		240		218,362
5.15%, 03/15/29 (Call 02/15/29)		25		24,881
5.45%, 03/15/34 (Call 12/15/33)		50		49,781
5.60%, 03/15/53 (Call 09/15/52)(a)		240		234,021
5.63%, 06/15/35		140		139,008
Florida Power & Light Co.
2.85%, 04/01/25 (Call 03/01/25)		5		4,875
2.88%, 12/04/51 (Call 06/04/51)		25		16,235
3.15%, 10/01/49 (Call 04/01/49)		99		68,259
3.70%, 12/01/47 (Call 06/01/47)		174		135,255
3.95%, 03/01/48 (Call 09/01/47)		246		199,108
3.99%, 03/01/49 (Call 09/01/48)		233		188,507
4.05%, 06/01/42 (Call 12/01/41)		191		161,833
4.05%, 10/01/44 (Call 04/01/44)		120		101,020
4.13%, 02/01/42 (Call 08/01/41)		264		226,343
4.13%, 06/01/48 (Call 12/01/47)		169		140,358
4.95%, 06/01/35		171		168,223
5.25%, 02/01/41 (Call 08/01/40)		115		113,442
5.63%, 04/01/34		346		361,679
5.65%, 02/01/37		112		115,624
5.69%, 03/01/40		90		92,213
5.95%, 02/01/38		146		155,260
5.96%, 04/01/39		104		111,516
Iberdrola International BV
5.81%, 03/15/25		1,173		1,173,025
6.75%, 07/15/36		891		997,645
ITC Holdings Corp.
3.35%, 11/15/27 (Call 08/15/27)		204		191,351
5.30%, 07/01/43 (Call 01/01/43)		428		400,597
National Grid PLC
5.42%, 01/11/34 (Call 10/11/33)		650		633,842
5.60%, 06/12/28 (Call 05/12/28)		850		860,705
5.81%, 06/12/33 (Call 03/12/33)		1,725		1,743,152
National Grid USA, 5.80%, 04/01/35		930		916,993
National Rural Utilities Cooperative Finance Corp.
3.90%, 11/01/28 (Call 08/01/28)		45		43,131
4.02%, 11/01/32 (Call 05/01/32)(a)		161		148,118
4.30%, 03/15/49 (Call 09/15/48)		359		298,202
4.40%, 11/01/48 (Call 05/01/48)		145		122,203
5.05%, 09/15/28 (Call 08/15/28)		40		40,043

Security	Par (000)		Value
Electric (continued)
5.25%, 04/20/46 (Call 04/20/26), (3-mo. LIBOR US + 3.630%)(b)	$	20	$	19,401
Series C, 8.00%, 03/01/32		208		240,870
Nevada Power Co.
5.90%, 05/01/53 (Call 11/01/52)		510		524,551
6.00%, 03/15/54 (Call 09/15/53)		15		15,670
Series EE, 3.13%, 08/01/50 (Call 02/01/50)		180		118,053
NextEra Energy Capital Holdings Inc.
2.25%, 06/01/30 (Call 03/01/30)		2,443		2,055,844
2.75%, 11/01/29 (Call 08/01/29)		3,246		2,860,914
3.50%, 04/01/29 (Call 01/01/29)		1,130		1,044,964
3.55%, 05/01/27 (Call 02/01/27)		2,610		2,483,148
3.80%, 03/15/82 (Call 03/15/27), (5-year CMT + 2.547%)(b)		20		17,816
4.90%, 03/15/29 (Call 02/15/29)		125		123,448
4.95%, 01/29/26		125		124,083
5.25%, 03/15/34 (Call 12/15/33)		125		122,689
5.55%, 03/15/54 (Call 09/15/53)		325		315,155
NSTAR Electric Co.
1.95%, 08/15/31 (Call 05/15/31)		322		257,488
3.10%, 06/01/51 (Call 12/01/50)(a)		298		201,184
3.20%, 05/15/27 (Call 02/15/27)		1,895		1,805,289
3.25%, 05/15/29 (Call 02/15/29)		320		297,443
3.95%, 04/01/30 (Call 01/01/30)		1,108		1,038,720
4.40%, 03/01/44 (Call 09/01/43)		421		362,684
4.55%, 06/01/52 (Call 12/01/51)		15		12,966
5.50%, 03/15/40		140		139,525
Ohio Edison Co., 6.88%, 07/15/36		80		88,362
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)		268		209,149
4.15%, 04/01/48 (Call 10/01/47)		170		136,112
5.00%, 06/01/33 (Call 03/01/33)		130		127,504
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		685		546,230
Series R, 2.90%, 10/01/51 (Call 04/01/51)(a)		445		283,334
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51 (Call 05/15/51)(a)		475		294,983
3.10%, 09/15/49 (Call 03/15/49)		463		317,419
3.75%, 04/01/45 (Call 10/01/44)		328		260,129
3.80%, 09/30/47 (Call 03/30/47)		162		124,975
3.80%, 06/01/49 (Call 12/01/48)		286		224,360
4.10%, 11/15/48 (Call 05/15/48)		230		188,478
4.55%, 12/01/41 (Call 06/01/41)(a)		50		45,337
4.60%, 06/01/52 (Call 12/01/51)		60		52,762
4.95%, 09/15/52 (Call 03/15/52)		65		60,529
5.25%, 09/30/40		45		44,658
5.30%, 06/01/42 (Call 12/01/41)		25		25,245
5.65%, 11/15/33 (Call 08/15/33)		25		25,777
5.75%, 03/15/29 (Call 12/15/28)		57		58,929
7.00%, 05/01/32		35		38,988
7.25%, 01/15/33		27		30,723
Pacific Gas and Electric Co.
3.50%, 08/01/50 (Call 02/01/50)		752		505,896
3.95%, 12/01/47 (Call 06/01/47)		85		61,725
4.20%, 06/01/41 (Call 12/01/40)		50		39,284
4.25%, 03/15/46 (Call 09/15/45)		72		55,083
4.30%, 03/15/45 (Call 09/15/44)		125		97,526
4.40%, 03/01/32 (Call 12/01/31)		155		141,070
4.45%, 04/15/42 (Call 10/15/41)		95		76,429
4.50%, 07/01/40 (Call 01/01/40)		380		319,248
4.60%, 06/15/43 (Call 12/15/42)		132		108,196
4.75%, 02/15/44 (Call 08/15/43)		220		183,407

98 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.95%, 07/01/50 (Call 01/01/50)(a)	$	645	$	547,789
5.25%, 03/01/52 (Call 09/01/51)		490		433,819
5.90%, 06/15/32 (Call 03/15/32)		579		581,913
6.15%, 01/15/33 (Call 10/15/32)		320		327,418
6.75%, 01/15/53 (Call 07/15/52)		470		503,748
PECO Energy Co.
2.85%, 09/15/51 (Call 03/15/51)		90		57,328
3.00%, 09/15/49 (Call 03/15/49)		491		329,955
3.05%, 03/15/51 (Call 09/15/50)		95		63,893
3.15%, 10/15/25 (Call 07/15/25)		478		464,206
3.70%, 09/15/47 (Call 03/15/47)(a)		365		283,633
3.90%, 03/01/48 (Call 09/01/47)		344		276,734
4.15%, 10/01/44 (Call 04/01/44)(a)		283		236,421
4.90%, 06/15/33 (Call 03/15/33)(a)		98		97,018
5.95%, 10/01/36		81		85,686
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)		565		474,814
5.20%, 03/15/34 (Call 12/15/33)		50		49,710
5.50%, 03/15/54 (Call 09/15/53)		75		74,656
6.50%, 11/15/37		147		162,251
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		190		129,613
3.95%, 06/01/47 (Call 12/01/46)		65		52,465
4.15%, 10/01/45 (Call 04/01/45)		35		29,098
4.15%, 06/15/48 (Call 12/15/47)		169		141,625
5.00%, 05/15/33 (Call 02/15/33)		485		482,232
5.25%, 05/15/53 (Call 11/15/52)		535		519,356
Public Service Co. of New Hampshire
3.60%, 07/01/49 (Call 01/01/49)		780		589,781
5.15%, 01/15/53 (Call 07/15/52)		40		38,368
5.35%, 10/01/33 (Call 07/01/33)		175		176,826
Series V, 2.20%, 06/15/31 (Call 03/15/31)		457		376,382
Public Service Electric & Gas Co.
2.45%, 01/15/30 (Call 10/15/29)		82		71,304
3.00%, 05/15/27 (Call 02/15/27)		100		94,516
3.15%, 01/01/50 (Call 07/01/49)		360		250,172
3.20%, 08/01/49 (Call 02/01/49)		282		198,959
3.60%, 12/01/47 (Call 06/01/47)		121		92,227
3.65%, 09/01/28 (Call 06/01/28)(a)		70		66,648
3.65%, 09/01/42 (Call 03/01/42)		210		165,335
3.70%, 05/01/28 (Call 02/01/28)		108		103,233
3.80%, 01/01/43 (Call 07/01/42)		155		125,895
3.80%, 03/01/46 (Call 09/01/45)		322		254,140
3.85%, 05/01/49 (Call 11/01/48)		243		193,607
3.95%, 05/01/42 (Call 11/01/41)		121		101,514
4.05%, 05/01/48 (Call 11/01/47)		131		108,863
5.20%, 03/01/34 (Call 12/01/33)		75		75,093
5.45%, 03/01/54 (Call 09/01/53)		125		125,375
5.50%, 03/01/40		115		114,977
5.80%, 05/01/37		83		85,422
Public Service Enterprise Group Inc.
1.60%, 08/15/30 (Call 05/15/30)		1,872		1,503,728
2.45%, 11/15/31 (Call 08/15/31)		1,470		1,195,520
6.13%, 10/15/33 (Call 07/15/33)		60		62,616
San Diego Gas & Electric Co.
2.50%, 05/15/26 (Call 02/15/26)		1,326		1,258,013
4.15%, 05/15/48 (Call 11/15/47)		174		143,212
4.50%, 08/15/40		222		197,008
4.95%, 08/15/28 (Call 07/15/28)		160		159,956
6.00%, 06/01/39		107		110,733
Series RRR, 3.75%, 06/01/47 (Call 12/01/46)		168		129,183

Security	Par (000)		Value
Electric (continued)
Series TTT, 4.10%, 06/15/49 (Call 12/15/48)	$	187	$	150,834
Series UUU, 3.32%, 04/15/50 (Call 10/15/49)		349		242,251
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)		65		43,110
Sempra
3.40%, 02/01/28 (Call 11/01/27)		165		155,270
3.80%, 02/01/38 (Call 08/01/37)		331		271,507
4.00%, 02/01/48 (Call 08/01/47)		402		312,111
4.13%, 04/01/52 (Call 01/01/27), (5-year CMT + 2.868%)(b)		377		346,161
5.50%, 08/01/33 (Call 05/01/33)		100		99,418
6.00%, 10/15/39		205		206,918
Southern California Edison Co.
2.25%, 06/01/30 (Call 03/01/30)		17		14,348
3.45%, 02/01/52 (Call 08/01/51)(a)		445		309,929
3.65%, 02/01/50 (Call 08/01/49)		378		276,510
4.00%, 04/01/47 (Call 10/01/46)		357		277,676
4.05%, 03/15/42 (Call 09/15/41)		146		119,971
4.50%, 09/01/40 (Call 03/01/40)		153		133,693
4.65%, 10/01/43 (Call 04/01/43)		122		106,779
5.15%, 06/01/29 (Call 05/01/29)		75		75,053
5.35%, 03/01/26		75		75,048
5.50%, 03/15/40		111		109,650
5.63%, 02/01/36		177		176,930
5.70%, 03/01/53 (Call 09/01/52)		85		84,290
5.75%, 04/15/54 (Call 10/15/53)		125		124,239
5.88%, 12/01/53 (Call 06/01/53)		5		5,081
6.00%, 01/15/34		315		328,265
6.05%, 03/15/39		79		81,368
6.65%, 04/01/29		201		210,943
Series 04-G, 5.75%, 04/01/35		112		113,288
Series 05-E, 5.35%, 07/15/35		109		108,416
Series 06-E, 5.55%, 01/15/37		50		49,757
Series 08-A, 5.95%, 02/01/38		65		66,604
Series 13-A, 3.90%, 03/15/43 (Call 09/15/42)		123		97,233
Series 20A, 2.95%, 02/01/51 (Call 08/01/50)		20		12,797
Series A, 4.20%, 03/01/29 (Call 12/01/28)		5		4,810
Series B, 3.65%, 03/01/28 (Call 12/01/27)		72		68,189
Series B, 4.88%, 03/01/49 (Call 09/01/48)		41		36,389
Series C, 3.60%, 02/01/45 (Call 08/01/44)		193		142,868
Series C, 4.13%, 03/01/48 (Call 09/01/47)		229		182,701
Series E, 5.45%, 06/01/52 (Call 12/01/51)(a)		25		23,981
Toledo Edison Co. (The), 6.15%, 05/15/37		215		226,338
				80,681,800
Electrical Components & Equipment — 0.1%
Acuity Brands Lighting Inc., 2.15%, 12/15/30 (Call 09/15/30)		924		757,268
Emerson Electric Co.
2.80%, 12/21/51 (Call 06/21/51)(a)		145		93,297
5.25%, 11/15/39		15		15,147
				865,712
Electronics — 0.7%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		615		561,593
Allegion U.S. Holding Co. Inc.
3.55%, 10/01/27 (Call 07/01/27)(a)		437		413,368
5.41%, 07/01/32 (Call 04/01/32)		358		357,652
Amphenol Corp.
2.80%, 02/15/30 (Call 11/15/29)		41		36,515
4.35%, 06/01/29 (Call 03/01/29)		4		3,888

S C H E D U L E  O F  I N V E S T M E N T S 99

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electronics (continued)
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)	$	330	$	272,385
5.50%, 06/01/32 (Call 03/01/32)		10		9,602
Flex Ltd.
4.88%, 06/15/29 (Call 03/15/29)		468		455,224
4.88%, 05/12/30 (Call 02/12/30)		614		591,565
Fortive Corp.
3.15%, 06/15/26 (Call 03/15/26)		35		33,407
4.30%, 06/15/46 (Call 12/15/45)		82		67,656
Honeywell International Inc.
2.50%, 11/01/26 (Call 08/01/26)		1,667		1,570,977
2.70%, 08/15/29 (Call 05/15/29)		143		128,655
3.81%, 11/21/47 (Call 05/21/47)		82		66,075
4.25%, 01/15/29 (Call 12/15/28)		60		58,688
4.88%, 09/01/29 (Call 08/01/29)		100		100,085
4.95%, 09/01/31 (Call 07/01/31)		100		99,824
5.00%, 03/01/35 (Call 12/01/34)		175		174,585
5.35%, 03/01/64 (Call 09/01/63)		175		174,656
5.38%, 03/01/41(a)		165		169,474
5.70%, 03/15/36		208		219,624
5.70%, 03/15/37		158		165,628
Hubbell Inc.
3.15%, 08/15/27 (Call 05/15/27)		28		26,272
3.35%, 03/01/26 (Call 12/01/25)		85		82,005
3.50%, 02/15/28 (Call 11/15/27)		42		39,674
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		152		135,175
4.60%, 04/06/27 (Call 01/06/27)		647		636,647
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28)(a)		350		346,852
Tyco Electronics Group SA, 7.13%, 10/01/37		129		148,080
Vontier Corp.
2.40%, 04/01/28 (Call 02/01/28)		182		159,329
2.95%, 04/01/31 (Call 01/01/31)		189		155,583
				7,460,743
Entertainment — 0.2%
Warnermedia Holdings Inc.
5.05%, 03/15/42 (Call 09/15/41)		220		184,647
5.14%, 03/15/52 (Call 09/15/51)		1,095		889,136
5.39%, 03/15/62 (Call 09/15/61)		870		700,273
				1,774,056
Environmental Control — 0.2%
Republic Services Inc.
2.38%, 03/15/33 (Call 12/15/32)		25		20,035
3.05%, 03/01/50 (Call 09/01/49)		150		103,860
5.70%, 05/15/41 (Call 11/15/40)		50		51,870
6.20%, 03/01/40		50		54,475
Veralto Corp.
5.35%, 09/18/28 (Call 08/18/28)(c)		410		412,799
5.45%, 09/18/33 (Call 06/18/33)(c)		700		703,160
Waste Connections Inc.
2.95%, 01/15/52 (Call 07/15/51)(a)		265		175,342
3.05%, 04/01/50 (Call 10/01/49)		87		58,744
3.50%, 05/01/29 (Call 02/01/29)		71		66,508
4.25%, 12/01/28 (Call 09/01/28)		10		9,683
Waste Management Inc.
2.50%, 11/15/50 (Call 05/15/50)		310		191,506
3.15%, 11/15/27 (Call 08/15/27)		25		23,527
4.10%, 03/01/45 (Call 09/01/44)		37		31,757
4.15%, 07/15/49 (Call 01/15/49)		226		190,969
				2,094,235

Security	Par (000)		Value
Food — 2.3%
Ahold Finance USA LLC, 6.88%, 05/01/29	$	141	$	152,955
Campbell Soup Co.
2.38%, 04/24/30 (Call 01/24/30)(a)		55		46,700
3.13%, 04/24/50 (Call 10/24/49)(a)		169		110,196
3.30%, 03/19/25 (Call 12/19/24)		1,330		1,296,713
3.95%, 03/15/25 (Call 01/15/25)		393		386,700
4.15%, 03/15/28 (Call 12/15/27)		744		717,645
4.80%, 03/15/48 (Call 09/15/47)		194		170,153
Conagra Brands Inc.
4.60%, 11/01/25 (Call 09/01/25)		168		165,510
4.85%, 11/01/28 (Call 08/01/28)		20		19,654
5.30%, 10/01/26		95		95,014
5.30%, 11/01/38 (Call 05/01/38)		196		185,077
5.40%, 11/01/48 (Call 05/01/48)		333		307,321
7.00%, 10/01/28		33		35,254
8.25%, 09/15/30		194		222,768
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)(a)		808		662,200
2.88%, 04/15/30 (Call 01/15/30)(a)		1,060		935,918
3.00%, 02/01/51 (Call 08/01/50)(a)		208		134,069
3.20%, 02/10/27 (Call 11/10/26)		1,179		1,120,655
4.00%, 04/17/25 (Call 02/17/25)(a)		291		286,381
4.20%, 04/17/28 (Call 01/17/28)		1,007		976,409
4.70%, 01/30/27 (Call 12/20/26)(a)		125		123,742
4.95%, 03/29/33 (Call 12/29/32)(a)		20		19,632
5.24%, 11/18/25 (Call 03/18/24)(a)		40		39,951
5.40%, 06/15/40		92		90,431
5.50%, 10/17/28 (Call 09/17/28)		260		264,236
Hershey Co. (The)
2.45%, 11/15/29 (Call 08/15/29)		48		42,547
3.13%, 11/15/49 (Call 05/15/49)		17		12,178
3.38%, 08/15/46 (Call 02/15/46)		35		26,326
Hormel Foods Corp., 3.05%, 06/03/51 (Call 12/03/50)		290		194,608
Ingredion Inc.
2.90%, 06/01/30 (Call 03/01/30)		954		838,299
3.20%, 10/01/26 (Call 07/01/26)		75		71,520
3.90%, 06/01/50 (Call 12/01/49)(a)		253		185,316
J M Smucker Co. (The)
5.90%, 11/15/28 (Call 10/15/28)		15		15,440
6.50%, 11/15/43 (Call 05/15/43)		40		42,731
6.50%, 11/15/53 (Call 05/15/53)		350		381,066
JM Smucker Co. (The)
2.38%, 03/15/30 (Call 12/15/29)		56		48,032
3.38%, 12/15/27 (Call 09/15/27)(a)		59		55,634
3.50%, 03/15/25		390		382,165
3.55%, 03/15/50 (Call 09/15/49)		71		49,727
4.25%, 03/15/35		151		135,218
4.38%, 03/15/45		87		72,701
Kellanova
2.10%, 06/01/30 (Call 03/01/30)(a)		1,397		1,175,601
3.25%, 04/01/26		1,786		1,716,744
3.40%, 11/15/27 (Call 08/15/27)		1,174		1,105,330
4.30%, 05/15/28 (Call 02/15/28)(a)		1,129		1,096,382
Series B, 7.45%, 04/01/31		196		219,283
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40		193		191,437
Kraft Heinz Foods Co.
4.38%, 06/01/46 (Call 12/01/45)		350		290,331
4.88%, 10/01/49 (Call 04/01/49)		412		367,656
5.00%, 07/15/35 (Call 01/15/35)		120		117,137
5.00%, 06/04/42		81		74,723

100 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
5.20%, 07/15/45 (Call 01/15/45)	$	408	$	380,852
5.50%, 06/01/50 (Call 12/01/49)(a)		345		335,772
6.50%, 02/09/40		179		193,082
6.88%, 01/26/39		175		195,989
Kroger Co. (The)
2.65%, 10/15/26 (Call 07/15/26)(a)		103		96,780
3.50%, 02/01/26 (Call 11/01/25)		39		37,800
3.70%, 08/01/27 (Call 05/01/27)		59		56,593
3.88%, 10/15/46 (Call 04/15/46)		102		77,404
3.95%, 01/15/50 (Call 07/15/49)		193		151,178
4.45%, 02/01/47 (Call 08/01/46)		293		247,124
4.50%, 01/15/29 (Call 10/15/28)		55		53,758
4.65%, 01/15/48 (Call 07/15/47)		118		102,801
5.00%, 04/15/42 (Call 10/15/41)(a)		74		68,636
5.15%, 08/01/43 (Call 02/01/43)		131		121,727
5.40%, 07/15/40 (Call 01/15/40)		120		116,056
5.40%, 01/15/49 (Call 07/15/48)		95		92,645
6.90%, 04/15/38		121		135,076
7.50%, 04/01/31		156		175,982
McCormick & Co. Inc./MD
1.85%, 02/15/31 (Call 11/15/30)		295		237,151
2.50%, 04/15/30 (Call 01/15/30)		236		201,975
3.40%, 08/15/27 (Call 05/15/27)		342		323,496
4.20%, 08/15/47 (Call 02/15/47)(a)		228		188,663
Mondelez International Inc.
2.63%, 09/04/50 (Call 03/04/50)		143		89,328
2.75%, 04/13/30 (Call 01/13/30)		58		51,220
4.13%, 05/07/28 (Call 02/07/28)		25		24,483
Sysco Corp.
2.40%, 02/15/30 (Call 11/15/29)		114		98,137
3.25%, 07/15/27 (Call 04/15/27)		75		70,681
3.30%, 07/15/26 (Call 04/15/26)		115		110,410
3.30%, 02/15/50 (Call 08/15/49)(a)		185		131,024
4.45%, 03/15/48 (Call 09/15/47)		104		87,955
4.50%, 04/01/46 (Call 10/01/45)		62		53,054
4.85%, 10/01/45 (Call 04/01/45)		123		111,327
5.38%, 09/21/35		10		10,087
5.95%, 04/01/30 (Call 01/01/30)		177		183,986
6.60%, 04/01/40 (Call 10/01/39)		87		95,398
6.60%, 04/01/50 (Call 10/01/49)		330		372,631
Tyson Foods Inc.
3.55%, 06/02/27 (Call 03/02/27)		5		4,740
4.35%, 03/01/29 (Call 12/01/28)		54		51,960
4.55%, 06/02/47 (Call 12/02/46)		143		115,785
5.10%, 09/28/48 (Call 03/28/48)(a)		272		239,862
5.15%, 08/15/44 (Call 02/15/44)		65		58,536
				23,024,560
Forest Products & Paper — 0.2%
Celulosa Arauco y Constitucion SA, 5.50%, 11/02/47 (Call 05/02/47)		200		168,889
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)(a)		123		104,171
4.40%, 08/15/47 (Call 02/15/47)		239		198,629
4.80%, 06/15/44 (Call 12/15/43)		80		71,231
5.00%, 09/15/35 (Call 03/15/35)		135		130,869
5.15%, 05/15/46 (Call 11/15/45)(a)		10		9,279
6.00%, 11/15/41 (Call 05/15/41)		219		225,573
7.30%, 11/15/39(a)		55		63,827
Suzano Austria GmbH
3.13%, 01/15/32 (Call 10/15/31)		182		149,447
3.75%, 01/15/31 (Call 10/15/30)		215		187,850

Security	Par (000)		Value
Forest Products & Paper (continued)
5.00%, 01/15/30 (Call 10/15/29)	$	402	$	382,538
6.00%, 01/15/29 (Call 10/15/28)		322		322,055
				2,014,358
Gas — 0.5%
Atmos Energy Corp.
2.85%, 02/15/52 (Call 08/15/51)(a)		130		83,311
3.00%, 06/15/27 (Call 03/15/27)		15		14,108
3.38%, 09/15/49 (Call 03/15/49)		268		193,789
4.13%, 10/15/44 (Call 04/15/44)		174		147,841
4.13%, 03/15/49 (Call 09/15/48)		157		129,261
4.15%, 01/15/43 (Call 07/15/42)		16		13,630
4.30%, 10/01/48 (Call 04/01/48)		50		42,950
5.50%, 06/15/41 (Call 12/15/40)(a)		43		43,395
National Fuel Gas Co.
2.95%, 03/01/31 (Call 12/01/30)		120		100,098
3.95%, 09/15/27 (Call 06/15/27)		420		398,331
4.75%, 09/01/28 (Call 06/01/28)		57		55,079
5.50%, 10/01/26		45		44,867
ONE Gas Inc.
2.00%, 05/15/30 (Call 02/15/30)		280		232,780
4.25%, 09/01/32 (Call 06/01/32)(a)		60		56,811
4.50%, 11/01/48 (Call 05/01/48)		200		171,752
4.66%, 02/01/44 (Call 08/01/43)		124		110,428
5.10%, 04/01/29 (Call 03/01/29)		30		30,074
Piedmont Natural Gas Co. Inc.
2.50%, 03/15/31 (Call 12/15/30)		570		476,735
3.35%, 06/01/50 (Call 12/01/49)		165		109,648
5.05%, 05/15/52 (Call 11/15/51)		202		182,020
5.40%, 06/15/33 (Call 03/15/33)		100		100,296
Southern California Gas Co.
3.20%, 06/15/25 (Call 03/15/25)		259		253,080
5.13%, 11/15/40		70		66,891
5.20%, 06/01/33 (Call 03/01/33)		140		139,035
5.75%, 06/01/53 (Call 12/01/52)		25		25,238
Series TT, 2.60%, 06/15/26 (Call 03/15/26)		689		652,973
Series UU, 4.13%, 06/01/48 (Call 12/01/47)		183		148,035
Series VV, 4.30%, 01/15/49 (Call 07/15/48)		221		181,147
Series WW, 3.95%, 02/15/50 (Call 08/15/49)		220		169,528
Series XX, 2.55%, 02/01/30 (Call 11/01/29)		32		27,784
Southwest Gas Corp.
3.18%, 08/15/51 (Call 02/15/51)(a)		90		57,746
3.70%, 04/01/28 (Call 01/01/28)		35		33,047
3.80%, 09/29/46 (Call 03/29/46)(a)		159		116,250
4.15%, 06/01/49 (Call 12/01/48)		131		100,151
Washington Gas Light Co.
3.65%, 09/15/49 (Call 03/15/49)(a)		315		232,147
Series K, 3.80%, 09/15/46 (Call 03/15/46)(a)		80		59,020
				4,999,276
Hand & Machine Tools — 0.1%
Regal Rexnord Corp.
6.30%, 02/15/30 (Call 12/15/29)(c)		95		96,662
6.40%, 04/15/33 (Call 01/15/33)(c)		310		318,145
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)		15		10,529
3.25%, 03/01/27 (Call 12/01/26)		35		33,510
4.10%, 03/01/48 (Call 09/01/47)		15		12,519

S C H E D U L E  O F  I N V E S T M E N T S 101

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hand & Machine Tools (continued)
Stanley Black & Decker Inc.
4.00%, 03/15/60 (Call 03/15/25), (5-year CMT + 2.657%)(b)	$	432	$	384,559
4.25%, 11/15/28 (Call 08/15/28)		55		53,068
				908,992
Health Care - Products — 1.1%
Abbott Laboratories
4.75%, 11/30/36 (Call 05/30/36)		380		372,060
4.75%, 04/15/43 (Call 10/15/42)		115		110,091
4.90%, 11/30/46 (Call 05/30/46)		731		704,657
5.30%, 05/27/40		63		64,310
6.00%, 04/01/39		128		142,027
6.15%, 11/30/37		151		167,330
Agilent Technologies Inc.
2.30%, 03/12/31 (Call 12/12/30)		75		62,575
2.75%, 09/15/29 (Call 06/15/29)		713		637,931
3.05%, 09/22/26 (Call 06/22/26)		481		457,387
Baxter International Inc.
2.54%, 02/01/32 (Call 11/01/31)(a)		255		208,965
2.60%, 08/15/26 (Call 05/15/26)		90		84,387
3.13%, 12/01/51 (Call 06/01/51)(a)		395		256,889
3.50%, 08/15/46 (Call 02/15/46)(a)		218		154,258
Boston Scientific Corp.
4.55%, 03/01/39 (Call 09/01/38)		23		21,358
4.70%, 03/01/49 (Call 09/01/48)(a)		291		266,429
6.50%, 11/15/35		110		121,404
7.38%, 01/15/40		113		132,724
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)		265		166,844
2.80%, 12/10/51 (Call 06/10/51)		453		293,544
4.38%, 09/15/45 (Call 03/15/45)		122		108,097
Dentsply Sirona Inc., 3.25%, 06/01/30 (Call 03/01/30)		604		526,414
DH Europe Finance II Sarl
2.60%, 11/15/29 (Call 08/15/29)		26		23,090
3.25%, 11/15/39 (Call 05/15/39)		288		228,808
3.40%, 11/15/49 (Call 05/15/49)		393		292,790
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28)		1,769		1,716,795
GE HealthCare Technologies Inc., 6.38%, 11/22/52 (Call 05/22/52)		170		188,398
HCA Inc., 3.63%, 03/15/32 (Call 12/15/31)		184		160,759
Medtronic Inc., 4.63%, 03/15/45		422		390,715
Revvity Inc.
2.25%, 09/15/31 (Call 06/15/31)		165		134,111
3.30%, 09/15/29 (Call 06/15/29)		36		32,409
3.63%, 03/15/51 (Call 09/15/50)		135		93,939
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)		435		356,767
STERIS Irish FinCo UnLtd Co.
2.70%, 03/15/31 (Call 12/15/30)		841		715,199
3.75%, 03/15/51 (Call 09/15/50)		360		265,968
Stryker Corp.
2.90%, 06/15/50 (Call 12/15/49)(a)		78		53,034
4.10%, 04/01/43 (Call 10/01/42)		112		94,669
4.38%, 05/15/44 (Call 11/15/43)		107		94,185
4.63%, 03/15/46 (Call 09/15/45)(a)		251		227,386
Thermo Fisher Scientific Inc.
2.60%, 10/01/29 (Call 07/01/29)		55		49,044
4.10%, 08/15/47 (Call 02/15/47)(a)		282		236,071
4.98%, 08/10/30 (Call 06/10/30)		40		40,005

Security	Par (000)		Value
Health Care - Products (continued)
5.09%, 08/10/33 (Call 05/10/33)	$	10	$	10,046
5.30%, 02/01/44 (Call 08/01/43)		116		116,025
5.40%, 08/10/43 (Call 04/10/43)		30		30,290
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		570		476,785
4.45%, 08/15/45 (Call 02/15/45)(a)		125		110,768
5.35%, 12/01/28 (Call 11/01/28)(a)		65		65,671
5.75%, 11/30/39		180		178,967
				11,442,375
Health Care - Services — 2.6%
Aetna Inc.
3.88%, 08/15/47 (Call 02/15/47)		87		64,659
4.13%, 11/15/42 (Call 05/15/42)		96		76,696
4.50%, 05/15/42 (Call 11/15/41)(a)		189		160,589
4.75%, 03/15/44 (Call 09/15/43)		119		102,721
6.63%, 06/15/36		186		202,535
6.75%, 12/15/37		147		160,619
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)		505		445,561
2.50%, 03/01/31 (Call 12/01/30)		560		458,789
2.63%, 08/01/31 (Call 05/01/31)		577		472,206
3.00%, 10/15/30 (Call 07/15/30)		395		337,355
3.38%, 02/15/30 (Call 02/15/25)		295		260,263
4.63%, 12/15/29 (Call 12/15/24)		520		492,427
Elevance Health Inc.
2.55%, 03/15/31 (Call 12/15/30)		70		59,331
2.88%, 09/15/29 (Call 06/15/29)		48		43,042
3.13%, 05/15/50 (Call 11/15/49)		120		81,905
3.60%, 03/15/51 (Call 09/15/50)		215		160,053
3.65%, 12/01/27 (Call 09/01/27)		107		102,320
3.70%, 09/15/49 (Call 03/15/49)		205		155,269
4.10%, 03/01/28 (Call 12/01/27)		124		119,934
4.10%, 05/15/32 (Call 02/15/32)		375		345,631
4.38%, 12/01/47 (Call 06/01/47)		271		230,124
4.55%, 03/01/48 (Call 09/01/47)		182		158,497
4.55%, 05/15/52 (Call 11/15/51)		60		52,037
4.63%, 05/15/42		258		232,139
4.65%, 01/15/43		286		258,094
4.65%, 08/15/44 (Call 02/15/44)		243		215,976
4.75%, 02/15/33 (Call 11/15/32)		195		188,339
5.10%, 01/15/44		199		187,090
5.13%, 02/15/53 (Call 08/15/52)		100		94,657
5.50%, 10/15/32 (Call 07/15/32)		295		300,473
5.85%, 01/15/36		194		202,524
5.95%, 12/15/34		150		157,582
6.10%, 10/15/52 (Call 04/15/52)		40		42,908
6.38%, 06/15/37		130		140,199
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		90		73,183
3.50%, 09/01/30 (Call 03/01/30)		267		238,679
3.50%, 07/15/51 (Call 01/15/51)		379		255,829
4.13%, 06/15/29 (Call 03/15/29)		736		692,152
4.50%, 02/15/27 (Call 08/15/26)		652		638,459
4.63%, 03/15/52 (Call 09/15/51)(a)		351		287,245
5.13%, 06/15/39 (Call 12/15/38)		277		257,524
5.25%, 04/15/25		212		211,053
5.25%, 06/15/26 (Call 12/15/25)		660		655,960
5.25%, 06/15/49 (Call 12/15/48)		471		421,934
5.45%, 04/01/31 (Call 02/01/31)(a)		30		29,860
5.50%, 06/01/33 (Call 03/01/33)		235		233,382
5.50%, 06/15/47 (Call 12/15/46)(a)		404		376,535

102 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
5.60%, 04/01/34 (Call 01/01/34)	$	95	$	94,566
5.88%, 02/01/29 (Call 08/01/28)(a)		205		208,646
5.90%, 06/01/53 (Call 12/01/52)		105		103,141
6.00%, 04/01/54 (Call 10/01/53)(a)		120		119,101
6.10%, 04/01/64 (Call 10/01/63)		200		197,655
Humana Inc.
3.95%, 03/15/27 (Call 12/15/26)		177		170,703
3.95%, 08/15/49 (Call 02/15/49)		166		129,747
4.50%, 04/01/25 (Call 03/01/25)(a)		22		21,772
4.63%, 12/01/42 (Call 06/01/42)		214		185,754
4.80%, 03/15/47 (Call 09/15/46)		217		189,054
4.88%, 04/01/30 (Call 01/01/30)		49		48,212
4.95%, 10/01/44 (Call 04/01/44)		306		275,900
5.75%, 12/01/28 (Call 11/01/28)		25		25,534
5.88%, 03/01/33 (Call 12/01/32)		90		92,343
IQVIA Inc.
5.70%, 05/15/28 (Call 04/15/28)		390		393,029
6.25%, 02/01/29 (Call 01/01/29)		65		66,875
Laboratory Corp. of America Holdings
2.70%, 06/01/31 (Call 03/01/31)(a)		485		414,175
2.95%, 12/01/29 (Call 09/01/29)		185		164,646
3.60%, 09/01/27 (Call 06/01/27)		103		97,820
4.70%, 02/01/45 (Call 08/01/44)		426		380,142
Providence St Joseph Health Obligated Group
Series 21A, 2.70%, 10/01/51 (Call 04/01/51)		200		119,797
Series A, 3.93%, 10/01/48 (Call 04/01/48)(a)		155		119,800
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)		688		587,203
2.95%, 06/30/30 (Call 03/30/30)(a)		823		724,451
3.45%, 06/01/26 (Call 03/01/26)		704		677,314
3.50%, 03/30/25 (Call 12/30/24)		417		409,392
4.20%, 06/30/29 (Call 03/30/29)(a)		534		513,299
4.70%, 03/30/45 (Call 09/30/44)(a)		186		164,280
UnitedHealth Group Inc.
2.00%, 05/15/30		10		8,404
2.30%, 05/15/31 (Call 02/15/31)		60		50,252
2.88%, 08/15/29(a)		216		195,786
2.90%, 05/15/50 (Call 11/15/49)		163		108,181
3.13%, 05/15/60 (Call 11/15/59)		235		153,731
3.25%, 05/15/51 (Call 11/15/50)		310		218,283
3.50%, 08/15/39 (Call 02/15/39)		49		39,600
3.70%, 08/15/49 (Call 02/15/49)		259		199,310
3.75%, 10/15/47 (Call 04/15/47)		175		135,668
3.85%, 06/15/28		20		19,254
3.88%, 12/15/28		130		124,746
3.88%, 08/15/59 (Call 02/15/59)		303		230,599
3.95%, 10/15/42 (Call 04/15/42)		120		100,867
4.00%, 05/15/29 (Call 03/15/29)		260		249,854
4.20%, 05/15/32 (Call 02/15/32)		540		509,508
4.20%, 01/15/47 (Call 07/15/46)		141		119,200
4.25%, 01/15/29 (Call 12/15/28)		410		399,761
4.25%, 03/15/43 (Call 09/15/42)		182		158,658
4.25%, 04/15/47 (Call 10/15/46)		219		186,548
4.25%, 06/15/48 (Call 12/15/47)		305		256,718
4.38%, 03/15/42 (Call 09/15/41)		150		133,715
4.45%, 12/15/48 (Call 06/15/48)		264		230,887
4.50%, 04/15/33 (Call 01/15/33)		380		364,935
4.63%, 07/15/35		248		239,308
4.63%, 11/15/41 (Call 05/15/41)		195		177,998
4.75%, 07/15/45		515		476,151
4.75%, 05/15/52 (Call 11/15/51)		245		223,240

Security	Par (000)		Value
Health Care - Services (continued)
4.95%, 05/15/62 (Call 11/15/61)	$	280	$	257,349
5.05%, 04/15/53 (Call 10/15/52)		40		38,059
5.20%, 04/15/63 (Call 10/15/62)		120		114,395
5.30%, 02/15/30 (Call 12/15/29)		85		86,605
5.35%, 02/15/33 (Call 11/15/32)(a)		755		769,675
5.70%, 10/15/40 (Call 04/15/40)		78		80,978
5.80%, 03/15/36		139		146,953
5.88%, 02/15/53 (Call 08/15/52)		250		267,174
5.95%, 02/15/41 (Call 08/15/40)		95		100,142
6.05%, 02/15/63 (Call 08/15/62)		300		325,566
6.50%, 06/15/37		131		145,853
6.63%, 11/15/37		184		207,299
6.88%, 02/15/38		268		311,264
				25,991,164
Home Builders — 0.1%
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)		100		84,497
3.85%, 01/15/30 (Call 07/15/29)		49		45,199
3.97%, 08/06/61 (Call 02/06/61)		72		54,779
6.00%, 01/15/43 (Call 10/15/42)		92		91,679
PulteGroup Inc.
6.00%, 02/15/35(a)		147		150,957
6.38%, 05/15/33		130		137,455
7.88%, 06/15/32(a)		72		83,273
Toll Brothers Finance Corp., 4.35%, 02/15/28 (Call 11/15/27)		342		328,534
				976,373
Home Furnishings — 0.1%
Leggett & Platt Inc.
3.50%, 11/15/27 (Call 08/15/27)(a)		55		51,325
3.50%, 11/15/51 (Call 05/15/51)(a)		172		118,586
4.40%, 03/15/29 (Call 12/15/28)		150		142,112
Whirlpool Corp.
4.50%, 06/01/46 (Call 12/01/45)		102		82,007
4.60%, 05/15/50 (Call 11/15/49)(a)		120		96,618
4.70%, 05/14/32 (Call 02/14/32)		170		160,705
4.75%, 02/26/29 (Call 11/26/28)(a)		326		318,336
5.50%, 03/01/33 (Call 12/01/32)(a)		390		386,685
5.75%, 03/01/34 (Call 12/01/33)(a)		75		74,592
				1,430,966
Household Products & Wares — 0.6%
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)		135		109,603
2.65%, 04/30/30 (Call 02/01/30)		58		50,451
4.88%, 12/06/28 (Call 09/06/28)		52		51,478
5.75%, 03/15/33 (Call 12/15/32)		305		315,676
Church & Dwight Co. Inc.
3.15%, 08/01/27 (Call 05/01/27)		93		87,627
3.95%, 08/01/47 (Call 02/01/47)		45		35,959
5.00%, 06/15/52 (Call 12/15/51)		105		99,037
5.60%, 11/15/32 (Call 08/15/32)(a)		60		62,217
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)		888		733,562
3.10%, 10/01/27 (Call 07/01/27)		221		207,310
3.90%, 05/15/28 (Call 02/15/28)		937		900,508
Kimberly-Clark Corp.
2.75%, 02/15/26(a)		562		540,858
2.88%, 02/07/50 (Call 08/07/49)(a)		154		105,191
3.05%, 08/15/25		1,175		1,142,524
3.10%, 03/26/30 (Call 12/26/29)		271		246,518

S C H E D U L E  O F  I N V E S T M E N T S 103

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Household Products & Wares (continued)
3.20%, 04/25/29 (Call 01/25/29)	$	909	$	843,412
3.90%, 05/04/47 (Call 11/04/46)		135		109,361
3.95%, 11/01/28 (Call 08/01/28)(a)		386		374,367
5.30%, 03/01/41		93		93,012
6.63%, 08/01/37(a)		324		373,265
				6,481,936
Insurance — 2.3%
ACE Capital Trust II, Series N, 9.70%, 04/01/30(a)		15		17,620
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28), (6-mo. LIBOR US + 3.540%)(b)		355		340,064
Aflac Inc.
3.60%, 04/01/30 (Call 01/01/30)(a)		51		47,275
4.00%, 10/15/46 (Call 04/15/46)(a)		10		7,961
4.75%, 01/15/49 (Call 07/15/48)		32		28,956
Alleghany Corp., 4.90%, 09/15/44 (Call 03/15/44)		9		8,428
Allstate Corp. (The)
5.35%, 06/01/33(a)		88		88,206
5.55%, 05/09/35(a)		56		56,728
6.50%, 05/15/67 (Call 05/15/37), (3-mo. LIBOR US + 2.120%)(b)		166		167,114
American Financial Group Inc./OH
4.50%, 06/15/47 (Call 12/15/46)		74		60,519
5.25%, 04/02/30 (Call 01/02/30)		23		22,643
American International Group Inc.
3.88%, 01/15/35 (Call 07/15/34)		175		153,969
4.20%, 04/01/28 (Call 01/01/28)		74		71,870
4.38%, 06/30/50 (Call 12/30/49)		85		72,922
4.50%, 07/16/44 (Call 01/16/44)		160		141,281
4.75%, 04/01/48 (Call 10/01/47)		71		64,850
4.80%, 07/10/45 (Call 01/10/45)		161		147,447
5.13%, 03/27/33 (Call 12/27/32)		20		19,718
6.25%, 05/01/36		60		62,252
Series A-9, 5.75%, 04/01/48 (Call 04/01/28), (3-mo. LIBOR US + 2.868%)(b)		71		69,702
Aon Corp.
2.80%, 05/15/30 (Call 02/15/30)(a)		95		82,641
3.75%, 05/02/29 (Call 02/02/29)		80		75,046
4.50%, 12/15/28 (Call 09/15/28)(a)		54		52,723
6.25%, 09/30/40		38		40,256
Aon Corp./Aon Global Holdings PLC
2.60%, 12/02/31 (Call 09/02/31)		100		83,135
5.00%, 09/12/32 (Call 06/12/32)		340		332,136
5.35%, 02/28/33 (Call 11/28/32)(a)		70		69,875
Aon Global Ltd., 4.75%, 05/15/45 (Call 11/15/44)		12		10,578
Arch Capital Finance LLC, 5.03%, 12/15/46 (Call 06/15/46)		154		141,581
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		132		97,240
7.35%, 05/01/34		34		38,144
Arch Capital Group U.S. Inc., 5.14%, 11/01/43		27		25,126
Arthur J Gallagher & Co.
2.40%, 11/09/31 (Call 08/09/31)		5		4,049
3.05%, 03/09/52 (Call 09/09/51)		60		38,054
3.50%, 05/20/51 (Call 11/20/50)		92		63,870
5.50%, 03/02/33 (Call 12/02/32)		100		99,735
Assurant Inc.
2.65%, 01/15/32 (Call 10/15/31)		190		154,629
3.70%, 02/22/30 (Call 11/22/29)		104		92,810
4.90%, 03/27/28 (Call 12/27/27)		35		34,283
Athene Holding Ltd.
3.45%, 05/15/52 (Call 11/15/51)		94		61,181

Security	Par (000)		Value
Insurance (continued)
3.95%, 05/25/51 (Call 11/25/50)	$	21	$	15,318
4.13%, 01/12/28 (Call 10/12/27)		76		72,781
6.15%, 04/03/30 (Call 01/03/30)		132		135,842
6.65%, 02/01/33 (Call 11/01/32)(a)		5		5,232
AXA SA, 8.60%, 12/15/30		795		940,698
AXIS Specialty Finance LLC
3.90%, 07/15/29 (Call 04/15/29)(a)		27		25,382
4.90%, 01/15/40 (Call 01/15/30), (5-year CMT + 3.186%)(b)		85		75,015
AXIS Specialty Finance PLC, 4.00%, 12/06/27 (Call 09/06/27)(a)		82		78,402
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30 (Call 07/15/30)		15		12,230
2.88%, 03/15/32 (Call 12/15/31)		15		13,105
3.85%, 03/15/52 (Call 09/15/51)		165		130,795
4.20%, 08/15/48 (Call 02/15/48)		266		231,364
4.25%, 01/15/49 (Call 07/15/48)		365		321,086
5.75%, 01/15/40		172		184,938
Brighthouse Financial Inc., 4.70%, 06/22/47 (Call 12/22/46)		163		126,309
Brown & Brown Inc.
4.20%, 03/17/32 (Call 12/17/31)(a)		180		163,485
4.50%, 03/15/29 (Call 12/15/28)		15		14,515
4.95%, 03/17/52 (Call 09/17/51)		20		17,232
Chubb Corp. (The)
6.00%, 05/11/37		100		107,321
Series 1, 6.50%, 05/15/38		120		134,830
Chubb INA Holdings Inc.
2.85%, 12/15/51 (Call 06/15/51)		65		43,992
3.05%, 12/15/61 (Call 06/15/61)		85		56,430
3.35%, 05/03/26 (Call 02/03/26)		60		57,843
4.15%, 03/13/43		45		39,337
4.35%, 11/03/45 (Call 05/03/45)		225		198,650
6.70%, 05/15/36		20		22,743
Cincinnati Financial Corp., 6.13%, 11/01/34		55		57,456
CNO Financial Group Inc., 5.25%, 05/30/29 (Call 02/28/29)		317		307,755
Enstar Finance LLC, 5.50%, 01/15/42 (Call 01/15/27), (5-year CMT + 4.006%)(a)(b)		210		191,011
Enstar Group Ltd., 3.10%, 09/01/31 (Call 03/01/31)		15		12,234
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)		312		300,599
5.00%, 04/20/48 (Call 10/20/47)		262		237,596
7.00%, 04/01/28(a)		304		323,197
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		202		126,584
3.50%, 10/15/50 (Call 04/15/50)		25		17,556
4.87%, 06/01/44		25		22,505
Fairfax Financial Holdings Ltd.
3.38%, 03/03/31 (Call 12/03/30)		20		17,296
5.63%, 08/16/32 (Call 05/16/32)		105		103,434
Fidelity National Financial Inc., 2.45%, 03/15/31 (Call 12/15/30)		5		4,064
First American Financial Corp., 4.00%, 05/15/30 (Call 02/15/30)		179		159,496
Hanover Insurance Group Inc. (The), 4.50%, 04/15/26 (Call 01/15/26)		37		36,292
Hartford Financial Services Group Inc. (The)
2.90%, 09/15/51 (Call 03/15/51)		30		19,227
3.60%, 08/19/49 (Call 02/19/49)		78		58,699
4.30%, 04/15/43		32		27,324

104 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
4.40%, 03/15/48 (Call 09/15/47)	$	33	$	28,499
5.95%, 10/15/36		85		87,887
6.10%, 10/01/41		133		138,574
Jackson Financial Inc.
3.13%, 11/23/31 (Call 08/23/31)		100		82,801
4.00%, 11/23/51 (Call 05/23/51)		80		57,130
Kemper Corp., 3.80%, 02/23/32 (Call 11/23/31)		15		12,589
Lincoln National Corp.
3.40%, 01/15/31 (Call 10/15/30)		25		21,885
3.63%, 12/12/26 (Call 09/15/26)(a)		41		39,143
3.80%, 03/01/28 (Call 12/01/27)		90		85,617
4.35%, 03/01/48 (Call 09/01/47)		98		75,897
4.38%, 06/15/50 (Call 12/15/49)(a)		88		67,930
6.30%, 10/09/37		55		56,421
7.00%, 06/15/40		48		52,339
Loews Corp., 6.00%, 02/01/35		35		37,127
Manulife Financial Corp.
4.06%, 02/24/32 (Call 02/24/27), (5-year USD ICE Swap + 1.647%)(a)(b)		353		336,441
4.15%, 03/04/26		30		29,404
5.38%, 03/04/46		222		217,283
Markel Group Inc.
3.35%, 09/17/29 (Call 06/17/29)		17		15,314
4.15%, 09/17/50 (Call 03/17/50)		104		82,106
5.00%, 05/20/49 (Call 11/20/48)		32		28,997
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		217		182,970
3.50%, 03/10/25 (Call 12/10/24)		294		288,763
3.75%, 03/14/26 (Call 12/14/25)		425		414,637
4.20%, 03/01/48 (Call 09/01/47)		179		149,015
4.35%, 01/30/47 (Call 07/30/46)		221		187,481
4.38%, 03/15/29 (Call 12/15/28)		603		589,704
4.75%, 03/15/39 (Call 09/15/38)		22		20,712
4.90%, 03/15/49 (Call 09/15/48)		293		270,936
5.40%, 09/15/33 (Call 06/15/33)		10		10,175
5.88%, 08/01/33		377		397,920
MetLife Inc.
4.05%, 03/01/45		251		207,252
4.13%, 08/13/42		81		68,493
4.55%, 03/23/30 (Call 12/23/29)(a)		59		57,739
4.60%, 05/13/46 (Call 11/13/45)		144		128,674
4.72%, 12/15/44		155		137,937
4.88%, 11/13/43		250		229,702
5.38%, 07/15/33 (Call 04/15/33)		15		15,082
5.70%, 06/15/35		97		100,404
5.88%, 02/06/41		127		132,556
6.38%, 06/15/34(a)		70		75,406
6.40%, 12/15/66 (Call 12/15/31)		354		359,845
10.75%, 08/01/69 (Call 08/01/34)		225		306,260
Munich Re America Corp., Series B, 7.45%, 12/15/26(a)		1,296		1,373,193
Nationwide Financial Services Inc., 6.75%, 05/15/87		38		37,795
Principal Financial Group Inc.
3.70%, 05/15/29 (Call 02/15/29)(a)		42		39,178
4.30%, 11/15/46 (Call 05/15/46)		127		105,175
4.35%, 05/15/43		113		98,205
4.63%, 09/15/42		132		118,316
6.05%, 10/15/36		128		134,659
Progressive Corp. (The) 2.45%, 01/15/27		59		55,052

Security	Par (000)		Value
Insurance (continued)
3.70%, 01/26/45(a)	$	70	$	56,625
3.95%, 03/26/50 (Call 09/26/49)		96		78,154
4.00%, 03/01/29 (Call 12/01/28)		19		18,276
4.13%, 04/15/47 (Call 10/15/46)		222		186,438
4.20%, 03/15/48 (Call 09/15/47)		77		66,191
4.35%, 04/25/44		122		107,982
4.95%, 06/15/33 (Call 03/15/33)		60		59,578
6.25%, 12/01/32		52		56,449
6.63%, 03/01/29		35		37,572
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		110		102,484
2.10%, 03/10/30 (Call 12/10/29)(a)		67		57,293
3.70%, 03/13/51 (Call 09/13/50)(a)		356		270,282
3.88%, 03/27/28 (Call 12/27/27)		100		96,077
3.91%, 12/07/47 (Call 06/07/47)		100		78,938
3.94%, 12/07/49 (Call 06/07/49)		220		172,426
4.35%, 02/25/50 (Call 08/25/49)		236		199,549
4.42%, 03/27/48 (Call 09/27/47)		27		23,047
4.50%, 09/15/47 (Call 09/15/27), (3-mo. LIBOR US + 2.380%)(a)(b)		162		151,671
4.60%, 05/15/44		136		121,069
5.13%, 03/01/52 (Call 11/28/31), (5-year CMT + 3.162%)(b)		210		196,218
5.38%, 05/15/45 (Call 05/15/25), (3-mo. LIBOR US + 3.031%)(b)		278		273,753
5.70%, 12/14/36		200		206,366
5.70%, 09/15/48 (Call 09/15/28), (3-mo. LIBOR US + 2.665%)(a)(b)		78		76,192
5.75%, 07/15/33		121		126,959
6.00%, 09/01/52 (Call 06/01/32), (5-year CMT + 3.234%)(a)(b)		280		279,102
6.63%, 12/01/37		208		231,318
6.63%, 06/21/40		131		144,540
6.75%, 03/01/53 (Call 12/01/32), (5-year CMT + 2.848%)(b)		85		88,314
Prudential Funding Asia PLC
3.13%, 04/14/30		127		113,228
3.63%, 03/24/32 (Call 12/24/31)		380		339,650
Reinsurance Group of America Inc.
3.90%, 05/15/29 (Call 02/15/29)		41		38,680
6.00%, 09/15/33 (Call 06/15/33)		50		51,269
RenaissanceRe Holdings Ltd.
3.60%, 04/15/29 (Call 01/15/29)		7		6,451
5.75%, 06/05/33 (Call 03/05/33)		5		5,038
Selective Insurance Group Inc., 5.38%, 03/01/49 (Call 09/01/48)		10		9,467
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31)		265		205,894
Transatlantic Holdings Inc., 8.00%, 11/30/39		10		12,777
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		24		14,940
3.75%, 05/15/46 (Call 11/15/45)		157		124,472
4.00%, 05/30/47 (Call 11/30/46)		243		200,385
4.05%, 03/07/48 (Call 09/07/47)		197		165,142
4.10%, 03/04/49 (Call 09/04/48)		144		121,028
4.30%, 08/25/45 (Call 02/25/45)		149		129,856
4.60%, 08/01/43		185		171,845
5.35%, 11/01/40		210		212,304
6.25%, 06/15/37		228		250,548
6.75%, 06/20/36		144		164,184

S C H E D U L E  O F  I N V E S T M E N T S 105

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Travelers Property Casualty Corp., 6.38%, 03/15/33(a)	$	220	$	244,143
Trinity Acquisition PLC, 4.40%, 03/15/26 (Call 12/15/25)		46		45,076
Unum Group
4.00%, 06/15/29 (Call 03/15/29)		15		14,080
4.13%, 06/15/51 (Call 12/15/50)		60		44,035
4.50%, 12/15/49 (Call 06/15/49)		60		47,556
5.75%, 08/15/42(a)		75		72,815
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)		151		134,178
3.88%, 09/15/49 (Call 03/15/49)		119		88,222
4.50%, 09/15/28 (Call 06/15/28)		73		70,441
5.05%, 09/15/48 (Call 03/15/48)		131		117,284
5.35%, 05/15/33 (Call 02/15/33)		20		19,687
XL Group Ltd., 5.25%, 12/15/43		355		331,604
				23,469,579
Internet — 0.7%
Alibaba Group Holding Ltd.
2.13%, 02/09/31 (Call 11/09/30)		230		190,252
2.70%, 02/09/41 (Call 08/09/40)		45		31,007
3.15%, 02/09/51 (Call 08/09/50)		295		194,695
3.25%, 02/09/61 (Call 08/09/60)		227		143,232
4.00%, 12/06/37 (Call 06/06/37)		200		172,452
4.20%, 12/06/47 (Call 06/06/47)		255		207,407
4.40%, 12/06/57 (Call 06/06/57)		278		227,207
4.50%, 11/28/34 (Call 05/28/34)		206		192,916
Alphabet Inc.
2.05%, 08/15/50 (Call 02/15/50)		102		60,249
2.25%, 08/15/60 (Call 02/15/60)		302		173,378
Amazon.com Inc.
2.50%, 06/03/50 (Call 12/03/49)		591		370,731
2.70%, 06/03/60 (Call 12/03/59)(a)		890		547,038
3.10%, 05/12/51 (Call 11/12/50)		515		361,945
3.15%, 08/22/27 (Call 05/22/27)		95		90,154
3.25%, 05/12/61 (Call 11/12/60)		382		263,253
3.88%, 08/22/37 (Call 02/22/37)		503		449,635
3.95%, 04/13/52 (Call 10/13/51)(a)		480		396,671
4.05%, 08/22/47 (Call 02/22/47)		506		432,748
4.10%, 04/13/62 (Call 10/13/61)		230		190,099
4.25%, 08/22/57 (Call 02/22/57)		628		538,782
4.70%, 12/01/32 (Call 09/01/32)		200		199,054
4.80%, 12/05/34 (Call 06/05/34)		290		289,918
4.95%, 12/05/44 (Call 06/05/44)(a)		375		369,957
Baidu Inc., 2.38%, 08/23/31 (Call 05/23/31)		200		164,974
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		118		112,290
4.63%, 04/13/30 (Call 01/13/30)(a)		36		35,377
eBay Inc.
1.90%, 03/11/25 (Call 02/11/25)(a)		159		153,427
2.70%, 03/11/30 (Call 12/11/29)		20		17,474
3.60%, 06/05/27 (Call 03/05/27)		43		41,068
3.65%, 05/10/51 (Call 11/10/50)		335		242,261
4.00%, 07/15/42 (Call 01/15/42)		271		214,992
Meta Platforms Inc.
4.45%, 08/15/52 (Call 02/15/52)		250		218,498
4.65%, 08/15/62 (Call 02/15/62)		165		145,532
5.75%, 05/15/63 (Call 11/15/62)		20		20,939
				7,459,612

Security	Par (000)		Value
Iron & Steel — 0.1%
Nucor Corp.
2.98%, 12/15/55 (Call 06/15/55)	$	420	$	270,031
4.40%, 05/01/48 (Call 11/01/47)(a)		140		122,866
5.20%, 08/01/43 (Call 02/01/43)		215		210,031
6.40%, 12/01/37(a)		182		199,045
Steel Dynamics Inc.
3.25%, 10/15/50 (Call 04/15/50)		121		79,246
3.45%, 04/15/30 (Call 01/15/30)		31		28,172
				909,391
Leisure Time — 0.2%
Brunswick Corp.
4.40%, 09/15/32 (Call 06/15/32)(a)		62		55,299
5.10%, 04/01/52 (Call 10/01/51)		117		92,480
Harley-Davidson Inc.
3.50%, 07/28/25 (Call 04/28/25)(a)		1,932		1,875,476
4.63%, 07/28/45 (Call 01/28/45)(a)		35		27,608
				2,050,863
Lodging — 0.2%
Choice Hotels International Inc.
3.70%, 12/01/29 (Call 09/01/29)		67		58,721
3.70%, 01/15/31 (Call 10/15/30)		62		53,271
Hyatt Hotels Corp., 5.75%, 04/23/30 (Call 01/23/30)		81		82,539
Marriott International Inc./MD
3.75%, 10/01/25 (Call 07/01/25)		95		92,564
5.55%, 10/15/28 (Call 09/15/28)		20		20,347
Series AA, 4.65%, 12/01/28 (Call 09/01/28)		75		73,449
Series FF, 4.63%, 06/15/30 (Call 03/15/30)(a)		262		253,527
Series GG, 3.50%, 10/15/32 (Call 07/15/32)		237		206,716
Series R, 3.13%, 06/15/26 (Call 03/15/26)		316		301,627
Series X, 4.00%, 04/15/28 (Call 01/15/28)		52		49,769
Sands China Ltd.
3.10%, 03/08/29 (Call 01/08/29)		400		344,561
3.25%, 08/08/31 (Call 05/08/31)		315		261,306
4.63%, 06/18/30 (Call 03/18/30)		15		13,644
5.40%, 08/08/28 (Call 05/08/28)		420		408,242
				2,220,283
Machinery — 1.7%
ABB Finance USA Inc.
3.80%, 04/03/28 (Call 01/03/28)		1,065		1,035,463
4.38%, 05/08/42		185		166,042
Caterpillar Financial Services Corp.
2.40%, 08/09/26(a)		551		519,515
4.35%, 05/15/26(a)		100		98,777
4.85%, 02/27/29		75		75,064
5.05%, 02/27/26		75		75,032
5.15%, 08/11/25(a)		100		99,987
Caterpillar Inc.
2.60%, 09/19/29 (Call 06/19/29)		51		45,912
2.60%, 04/09/30 (Call 01/09/30)		78		69,300
3.25%, 09/19/49 (Call 03/19/49)		115		84,641
3.25%, 04/09/50 (Call 10/09/49)(a)		90		66,531
3.80%, 08/15/42		286		238,647
4.30%, 05/15/44 (Call 11/15/43)		116		104,772
4.75%, 05/15/64 (Call 11/15/63)		137		123,883
5.20%, 05/27/41		116		117,200
5.30%, 09/15/35		119		124,571
6.05%, 08/15/36		130		142,409
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		880		804,642
1.88%, 01/15/26 (Call 12/15/25)		122		114,340

106 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
3.95%, 05/23/25	$	1,187	$	1,164,590
4.55%, 04/10/28 (Call 03/10/28)		100		97,837
5.45%, 10/14/25		1,929		1,929,184
5.50%, 01/12/29 (Call 12/12/28)		100		101,328
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)		1,804		1,730,939
Deere & Co.
2.75%, 04/15/25 (Call 03/15/25)		44		42,849
2.88%, 09/07/49 (Call 03/07/49)		183		127,345
3.10%, 04/15/30 (Call 01/15/30)		24		21,836
3.75%, 04/15/50 (Call 10/15/49)		73		59,760
3.90%, 06/09/42 (Call 12/09/41)		26		22,187
7.13%, 03/03/31		20		22,835
Dover Corp.
2.95%, 11/04/29 (Call 08/04/29)		10		8,920
3.15%, 11/15/25 (Call 08/15/25)		105		101,249
5.38%, 10/15/35		125		127,118
5.38%, 03/01/41 (Call 12/01/40)		15		14,754
Flowserve Corp.
2.80%, 01/15/32 (Call 10/15/31)		32		26,159
3.50%, 10/01/30 (Call 07/01/30)		304		267,412
IDEX Corp., 2.63%, 06/15/31 (Call 03/15/31)		225		189,636
John Deere Capital Corp.
2.25%, 09/14/26		27		25,275
2.45%, 01/09/30		52		45,694
2.65%, 06/10/26		30		28,593
2.80%, 09/08/27		41		38,366
2.80%, 07/18/29		46		41,813
3.40%, 09/11/25		40		39,057
3.45%, 03/13/25		41		40,267
3.90%, 06/07/32(a)		135		125,808
4.35%, 09/15/32(a)		130		125,736
4.75%, 06/08/26		35		34,895
4.95%, 06/06/25		10		9,985
4.95%, 07/14/28		20		20,115
nVent Finance Sarl, 4.55%, 04/15/28 (Call 01/15/28)		57		54,955
Oshkosh Corp.
3.10%, 03/01/30 (Call 12/01/29)		594		524,169
4.60%, 05/15/28 (Call 02/15/28)		933		907,232
Otis Worldwide Corp.
3.36%, 02/15/50 (Call 08/15/49)		89		64,370
5.25%, 08/16/28 (Call 07/16/28)(a)		60		60,514
Rockwell Automation Inc.
2.80%, 08/15/61 (Call 02/15/61)		50		29,877
2.88%, 03/01/25 (Call 12/01/24)		94		91,848
3.50%, 03/01/29 (Call 12/01/28)		73		69,559
4.20%, 03/01/49 (Call 09/01/48)		76		64,757
Westinghouse Air Brake Technologies Corp., 4.70%, 09/15/28 (Call 06/15/28)		51		49,749
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)		1,601		1,430,448
2.25%, 01/30/31 (Call 10/30/30)		1,545		1,294,419
3.25%, 11/01/26 (Call 08/01/26)(a)		1,880		1,794,813
				17,174,980
Machinery - Diversified — 0.0%
John Deere Capital Corp.
5.15%, 09/08/26		25		25,155
5.15%, 09/08/33(a)		185		188,190
5.30%, 09/08/25(a)		45		45,198
				258,543

Security	Par (000)		Value
Manufacturing — 1.3%
3M Co.
2.25%, 09/19/26 (Call 06/19/26)(a)	$	1,670	$	1,555,554
2.38%, 08/26/29 (Call 05/26/29)		113		98,024
2.65%, 04/15/25 (Call 03/15/25)(a)		686		664,488
2.88%, 10/15/27 (Call 07/15/27)(a)		2,505		2,319,546
3.00%, 08/07/25(a)		1,799		1,742,935
3.05%, 04/15/30 (Call 01/15/30)		600		532,245
3.63%, 09/14/28 (Call 06/14/28)		1,060		1,000,188
Carlisle Companies Inc.
2.75%, 03/01/30 (Call 12/01/29)		262		227,872
3.75%, 12/01/27 (Call 09/01/27)		16		15,205
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)		56		52,925
4.00%, 11/02/32		129		120,864
4.15%, 11/02/42		131		113,723
4.70%, 08/23/52 (Call 02/23/52)(a)		55		50,745
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/35		550		514,730
General Electric Co.
4.35%, 05/01/50 (Call 11/01/49)		35		30,806
5.88%, 01/14/38(a)		90		95,534
6.75%, 03/15/32		600		666,296
6.88%, 01/10/39		82		96,912
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)		60		57,042
3.90%, 09/01/42 (Call 03/01/42)		124		105,578
4.88%, 09/15/41 (Call 03/15/41)		15		14,493
Parker-Hannifin Corp.
3.25%, 06/14/29 (Call 03/14/29)		33		30,365
4.00%, 06/14/49 (Call 12/14/48)		177		144,420
4.10%, 03/01/47 (Call 09/01/46)		53		43,521
4.20%, 11/21/34 (Call 05/21/34)		56		51,564
4.45%, 11/21/44 (Call 05/21/44)		71		62,282
6.25%, 05/15/38		47		50,537
Pentair Finance Sarl
4.50%, 07/01/29 (Call 04/01/29)(a)		626		603,749
5.90%, 07/15/32 (Call 04/15/32)		235		241,130
Teledyne Technologies Inc.
2.25%, 04/01/28 (Call 02/01/28)		217		194,443
2.75%, 04/01/31 (Call 01/01/31)		1,836		1,557,896
Textron Inc.
3.00%, 06/01/30 (Call 03/01/30)		27		23,694
3.65%, 03/15/27 (Call 12/15/26)		10		9,568
4.00%, 03/15/26 (Call 12/15/25)		38		36,969
				13,125,843
Media — 2.0%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.80%, 04/01/31 (Call 01/01/31)		67		54,053
3.70%, 04/01/51 (Call 10/01/50)		335		202,873
3.85%, 04/01/61 (Call 10/01/60)(a)		335		194,129
3.90%, 06/01/52 (Call 12/01/51)		419		262,931
3.95%, 06/30/62 (Call 12/30/61)		259		152,271
4.40%, 04/01/33 (Call 01/01/33)(a)		150		131,001
4.40%, 12/01/61 (Call 06/01/61)		197		126,424
4.80%, 03/01/50 (Call 09/01/49)		463		334,517
5.13%, 07/01/49 (Call 01/01/49)		161		121,923
5.25%, 04/01/53 (Call 10/01/52)		159		123,369
5.38%, 04/01/38 (Call 10/01/37)		107		91,817
5.38%, 05/01/47 (Call 11/01/46)		526		413,864
5.50%, 04/01/63 (Call 10/01/62)		192		147,502

S C H E D U L E  O F  I N V E S T M E N T S 107

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
5.75%, 04/01/48 (Call 10/01/47)	$	461	$	383,102
6.38%, 10/23/35 (Call 04/23/35)		479		462,788
6.48%, 10/23/45 (Call 04/23/45)		635		579,934
6.83%, 10/23/55 (Call 04/23/55)		189		178,763
Comcast Corp.
2.45%, 08/15/52 (Call 02/15/52)		592		339,677
2.65%, 02/01/30 (Call 11/01/29)		49		43,126
2.65%, 08/15/62 (Call 02/15/62)		222		123,769
2.80%, 01/15/51 (Call 07/15/50)		65		40,606
2.89%, 11/01/51 (Call 05/01/51)		646		409,227
2.94%, 11/01/56 (Call 05/01/56)		992		610,814
2.99%, 11/01/63 (Call 05/01/63)(a)		830		496,657
3.20%, 07/15/36 (Call 01/15/36)		84		67,825
3.25%, 11/01/39 (Call 05/01/39)		76		58,365
3.40%, 04/01/30 (Call 01/01/30)		4		3,661
3.40%, 07/15/46 (Call 01/15/46)		61		44,747
3.45%, 02/01/50 (Call 08/01/49)		286		205,387
3.75%, 04/01/40 (Call 10/01/39)		81		66,198
3.90%, 03/01/38 (Call 09/01/37)		83		71,223
3.97%, 11/01/47 (Call 05/01/47)		315		249,851
4.00%, 08/15/47 (Call 02/15/47)		211		168,796
4.00%, 03/01/48 (Call 09/01/47)		226		179,179
4.00%, 11/01/49 (Call 05/01/49)		412		325,840
4.05%, 11/01/52 (Call 05/01/52)		414		326,532
4.15%, 10/15/28 (Call 07/15/28)		55		53,390
4.20%, 08/15/34 (Call 02/15/34)		100		91,870
4.25%, 10/15/30 (Call 07/15/30)		37		35,361
4.25%, 01/15/33		105		98,350
4.40%, 08/15/35 (Call 02/15/35)		58		53,733
4.60%, 10/15/38 (Call 04/15/38)		130		119,615
4.60%, 08/15/45 (Call 02/15/45)		171		151,166
4.65%, 07/15/42		362		326,072
4.70%, 10/15/48 (Call 04/15/48)		511		461,304
4.75%, 03/01/44		215		195,010
4.95%, 10/15/58 (Call 04/15/58)		373		344,446
5.50%, 05/15/64 (Call 11/15/63)		150		147,318
5.65%, 06/15/35		122		125,328
6.45%, 03/15/37		408		446,882
6.50%, 11/15/35		135		147,239
6.55%, 07/01/39(a)		70		76,940
6.95%, 08/15/37		135		153,897
7.05%, 03/15/33		58		65,192
Discovery Communications LLC
3.95%, 03/20/28 (Call 12/20/27)		188		175,761
4.00%, 09/15/55 (Call 03/15/55)		385		254,853
4.13%, 05/15/29 (Call 02/15/29)		39		36,040
4.65%, 05/15/50 (Call 11/15/49)		122		92,625
5.00%, 09/20/37 (Call 03/20/37)		142		121,509
5.20%, 09/20/47 (Call 03/20/47)		283		230,193
5.30%, 05/15/49 (Call 11/15/48)		154		125,600
6.35%, 06/01/40		205		197,069
FactSet Research Systems Inc., 3.45%, 03/01/32 (Call 12/01/31)		125		108,666
Fox Corp.
3.50%, 04/08/30 (Call 01/08/30)		19		17,094
4.71%, 01/25/29 (Call 10/25/28)(a)		46		44,897
5.48%, 01/25/39 (Call 07/25/38)		218		203,724
5.58%, 01/25/49 (Call 07/25/48)		384		351,147
6.50%, 10/13/33 (Call 07/13/33)		5		5,251
Grupo Televisa SAB
5.25%, 05/24/49 (Call 11/24/48)		157		137,324

Security	Par (000)		Value
Media (continued)
6.13%, 01/31/46 (Call 07/31/45)	$	210	$	204,909
6.63%, 01/15/40		144		147,950
NBCUniversal Media LLC
4.45%, 01/15/43		90		78,653
5.95%, 04/01/41		105		109,241
6.40%, 04/30/40(a)		50		54,225
Paramount Global
2.90%, 01/15/27 (Call 10/15/26)		20		18,019
4.20%, 06/01/29 (Call 03/01/29)(a)		47		41,387
4.20%, 05/19/32 (Call 02/19/32)		82		66,827
4.38%, 03/15/43		216		144,689
4.60%, 01/15/45 (Call 07/15/44)		158		108,191
4.85%, 07/01/42 (Call 01/01/42)(a)		115		82,777
4.90%, 08/15/44 (Call 02/15/44)		49		34,396
4.95%, 01/15/31 (Call 10/15/30)(a)		274		239,930
4.95%, 05/19/50 (Call 11/19/49)		205		146,846
5.25%, 04/01/44 (Call 10/01/43)		99		72,979
5.50%, 05/15/33		98		84,844
5.85%, 09/01/43 (Call 03/01/43)		286		231,366
5.90%, 10/15/40 (Call 04/15/40)(a)		67		54,294
6.88%, 04/30/36		243		222,944
7.88%, 07/30/30		69		70,442
Thomson Reuters Corp.
5.50%, 08/15/35		45		45,680
5.65%, 11/23/43 (Call 05/23/43)		67		65,071
5.85%, 04/15/40(a)		11		11,166
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		213		236,215
Time Warner Cable LLC
5.50%, 09/01/41 (Call 03/01/41)		163		134,307
5.88%, 11/15/40 (Call 05/15/40)		230		197,741
6.55%, 05/01/37		271		254,407
6.75%, 06/15/39		271		255,262
7.30%, 07/01/38		290		288,956
TWDC Enterprises 18 Corp.
2.95%, 06/15/27(a)		51		48,300
3.00%, 07/30/46		107		74,686
4.13%, 06/01/44		226		192,618
4.38%, 08/16/41		193		170,583
Series E, 4.13%, 12/01/41		113		97,241
Walt Disney Co. (The)
2.00%, 09/01/29 (Call 06/01/29)		184		158,623
2.75%, 09/01/49 (Call 03/01/49)		581		374,753
3.35%, 03/24/25(a)		150		146,991
3.60%, 01/13/51 (Call 07/13/50)		515		390,898
3.70%, 03/23/27		54		52,294
3.80%, 03/22/30(a)		19		17,927
3.80%, 05/13/60 (Call 11/13/59)		597		452,656
4.63%, 03/23/40 (Call 09/23/39)		47		43,944
4.70%, 03/23/50 (Call 09/23/49)(a)		420		384,238
4.75%, 09/15/44 (Call 03/15/44)		115		105,680
4.75%, 11/15/46 (Call 05/15/46)		198		179,496
4.95%, 10/15/45 (Call 04/15/45)		187		175,043
5.40%, 10/01/43		244		245,267
6.15%, 03/01/37		55		59,409
6.15%, 02/15/41(a)		125		134,928
6.40%, 12/15/35		15		16,488
6.55%, 03/15/33		36		40,145
6.65%, 11/15/37		173		195,641
7.75%, 12/01/45		80		102,372
				20,551,542

108 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Metal Fabricate & Hardware — 0.0%
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28)	$	35	$	33,972
Valmont Industries Inc.
5.00%, 10/01/44 (Call 04/01/44)		35		30,489
5.25%, 10/01/54 (Call 04/01/54)		100		86,073
				150,534
Mining — 0.3%
AngloGold Ashanti Holdings PLC
3.38%, 11/01/28 (Call 09/01/28)		245		219,466
3.75%, 10/01/30 (Call 07/01/30)		160		138,480
Freeport-McMoRan Inc.
5.40%, 11/14/34 (Call 05/14/34)		205		199,069
5.45%, 03/15/43 (Call 09/15/42)		290		270,156
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27)		230		223,526
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		57		47,666
2.60%, 07/15/32 (Call 04/15/32)(a)		120		98,704
2.80%, 10/01/29 (Call 07/01/29)(a)		106		94,119
4.88%, 03/15/42 (Call 09/15/41)		379		348,188
5.45%, 06/09/44 (Call 12/09/43)		23		22,461
6.25%, 10/01/39		331		350,030
Rio Tinto Alcan Inc.
5.75%, 06/01/35(a)		61		63,111
6.13%, 12/15/33		185		196,611
7.25%, 03/15/31		102		114,030
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51 (Call 05/02/51)		115		72,920
5.20%, 11/02/40		181		178,031
Rio Tinto Finance USA PLC
4.13%, 08/21/42 (Call 02/21/42)		75		64,145
4.75%, 03/22/42 (Call 09/22/41)		172		161,224
5.13%, 03/09/53 (Call 09/09/52)		75		72,070
Southern Copper Corp.
5.88%, 04/23/45		225		223,810
6.75%, 04/16/40		150		165,382
7.50%, 07/27/35		150		172,598
				3,495,797
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp.
3.28%, 12/01/28 (Call 10/01/28)		207		186,369
3.57%, 12/01/31 (Call 09/01/31)		353		306,113
4.25%, 04/01/28 (Call 04/01/24)(a)		90		85,691
				578,173
Oil & Gas — 2.7%
Apache Corp.
5.10%, 09/01/40 (Call 03/01/40)		75		62,767
5.25%, 02/01/42 (Call 08/01/41)		255		211,715
5.35%, 07/01/49 (Call 01/01/49)		10		8,091
6.00%, 01/15/37(a)		75		72,900
BP Capital Markets America Inc.
2.77%, 11/10/50 (Call 05/10/50)		301		191,177
2.94%, 06/04/51 (Call 12/04/50)		343		225,443
3.00%, 02/24/50 (Call 08/24/49)		522		349,252
3.00%, 03/17/52 (Call 09/17/51)		165		109,501
3.07%, 03/30/50 (Call 09/30/49)		20		18,340
3.12%, 05/04/26 (Call 02/04/26)		93		89,363
3.38%, 02/08/61 (Call 08/08/60)		594		399,785
3.41%, 02/11/26 (Call 12/11/25)		50		48,490
3.59%, 04/14/27 (Call 01/14/27)		10		9,612
3.63%, 04/06/30 (Call 01/06/30)		221		205,946

Security	Par (000)		Value
Oil & Gas (continued)
3.94%, 09/21/28 (Call 06/21/28)	$	93	$	89,301
4.23%, 11/06/28 (Call 08/06/28)		125		121,642
4.89%, 09/11/33 (Call 06/11/33)		15		14,713
BP Capital Markets PLC, 3.28%, 09/19/27 (Call 06/19/27)		68		64,382
Burlington Resources LLC
5.95%, 10/15/36		45		47,341
7.20%, 08/15/31		235		265,164
7.40%, 12/01/31		142		162,320
Chevron Corp., 3.08%, 05/11/50 (Call 11/11/49)		221		155,904
Chevron USA Inc.
2.34%, 08/12/50 (Call 02/12/50)		134		80,356
5.25%, 11/15/43 (Call 05/15/43)		85		85,691
Conoco Funding Co., 7.25%, 10/15/31		325		368,192
ConocoPhillips Co.
4.03%, 03/15/62 (Call 09/15/61)		340		263,385
4.30%, 11/15/44 (Call 05/15/44)		217		186,472
4.88%, 10/01/47 (Call 04/01/47)		35		32,455
5.05%, 09/15/33 (Call 06/15/33)(a)		55		54,816
5.30%, 05/15/53 (Call 11/15/52)		50		48,928
5.55%, 03/15/54 (Call 09/15/53)		180		182,006
5.70%, 09/15/63 (Call 03/15/63)		150		153,238
5.90%, 10/15/32		226		241,789
5.90%, 05/15/38		365		382,630
5.95%, 03/15/46 (Call 09/15/45)(a)		250		259,616
6.50%, 02/01/39		197		221,776
6.95%, 04/15/29		599		656,588
Devon Energy Corp.
4.75%, 05/15/42 (Call 11/15/41)		130		110,036
5.00%, 06/15/45 (Call 12/15/44)		100		86,252
5.60%, 07/15/41 (Call 01/15/41)		251		236,514
7.88%, 09/30/31		49		55,770
7.95%, 04/15/32		61		69,527
Diamondback Energy Inc.
3.50%, 12/01/29 (Call 09/01/29)		479		439,691
4.25%, 03/15/52 (Call 09/15/51)		65		51,575
4.40%, 03/24/51 (Call 09/24/50)(a)		93		75,068
6.25%, 03/15/53 (Call 09/15/52)(a)		95		100,503
Eni USA Inc., 7.30%, 11/15/27		230		244,074
EOG Resources Inc.
3.90%, 04/01/35 (Call 10/01/34)		102		91,428
4.38%, 04/15/30 (Call 01/15/30)		77		74,671
4.95%, 04/15/50 (Call 10/15/49)		203		189,246
EQT Corp.
5.00%, 01/15/29 (Call 07/15/28)		125		121,973
5.75%, 02/01/34 (Call 11/01/33)(a)		125		122,950
7.00%, 02/01/30 (Call 11/01/29)(a)		315		333,659
Exxon Mobil Corp.
3.10%, 08/16/49 (Call 02/16/49)(a)		271		189,409
3.45%, 04/15/51 (Call 10/15/50)		628		465,564
3.48%, 03/19/30 (Call 12/19/29)		144		134,347
3.57%, 03/06/45 (Call 09/06/44)		103		80,255
4.11%, 03/01/46 (Call 09/01/45)		313		265,286
4.23%, 03/19/40 (Call 09/19/39)		337		302,210
4.33%, 03/19/50 (Call 09/19/49)		540		470,569
Hess Corp.
4.30%, 04/01/27 (Call 01/01/27)		1,428		1,390,837
5.60%, 02/15/41		35		35,266
6.00%, 01/15/40		76		79,344
7.13%, 03/15/33		383		429,477
7.30%, 08/15/31		552		620,122

S C H E D U L E  O F  I N V E S T M E N T S 109

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
7.88%, 10/01/29	$	526	$	589,808
Marathon Oil Corp.
4.40%, 07/15/27 (Call 04/15/27)		379		368,047
6.60%, 10/01/37		234		244,124
6.80%, 03/15/32(a)		281		299,510
Marathon Petroleum Corp.
3.80%, 04/01/28 (Call 01/01/28)		205		195,170
4.50%, 04/01/48 (Call 10/01/47)(a)		62		51,006
4.75%, 09/15/44 (Call 03/15/44)		113		98,608
5.00%, 09/15/54 (Call 03/15/54)		40		34,373
5.13%, 12/15/26 (Call 09/15/26)		151		150,746
6.50%, 03/01/41 (Call 09/01/40)(a)		286		303,558
Occidental Petroleum Corp.
4.40%, 04/15/46 (Call 10/15/45)(a)		75		60,176
6.13%, 01/01/31 (Call 07/01/30)(a)		5		5,122
6.20%, 03/15/40		150		152,256
6.45%, 09/15/36		370		390,089
6.60%, 03/15/46 (Call 09/15/45)(a)		195		207,167
6.63%, 09/01/30 (Call 03/01/30)		20		21,046
7.50%, 05/01/31		360		397,679
7.88%, 09/15/31		20		22,518
7.95%, 06/15/39		55		64,090
8.88%, 07/15/30 (Call 01/15/30)		40		46,238
Ovintiv Inc.
5.38%, 01/01/26 (Call 10/01/25)		1,195		1,188,154
5.65%, 05/15/25		175		175,023
5.65%, 05/15/28 (Call 04/15/28)		150		151,319
6.25%, 07/15/33 (Call 04/15/33)		140		143,946
6.50%, 08/15/34		228		238,832
6.50%, 02/01/38		155		158,698
6.63%, 08/15/37		105		108,357
7.10%, 07/15/53 (Call 01/15/53)		5		5,450
7.20%, 11/01/31		346		373,418
7.38%, 11/01/31(a)		270		294,277
8.13%, 09/15/30		175		196,361
Phillips 66
3.30%, 03/15/52 (Call 09/15/51)		40		27,357
3.85%, 04/09/25 (Call 03/09/25)		52		51,107
3.90%, 03/15/28 (Call 12/15/27)		66		63,500
4.65%, 11/15/34 (Call 05/15/34)		323		303,151
4.88%, 11/15/44 (Call 05/15/44)		377		344,117
5.88%, 05/01/42		257		264,896
Phillips 66 Co.
5.25%, 06/15/31 (Call 04/15/31)		75		74,818
5.30%, 06/30/33 (Call 03/30/33)		185		183,555
5.65%, 06/15/54 (Call 12/15/53)		125		123,926
Shell International Finance BV
3.00%, 11/26/51 (Call 05/26/51)(a)		520		348,502
3.13%, 11/07/49 (Call 05/07/49)		235		163,401
3.25%, 04/06/50 (Call 10/06/49)		370		262,983
3.75%, 09/12/46		185		145,758
4.00%, 05/10/46		330		270,935
4.13%, 05/11/35		662		611,861
4.38%, 05/11/45		490		428,076
4.55%, 08/12/43		60		54,475
6.38%, 12/15/38		505		561,329
Tosco Corp., 8.13%, 02/15/30		405		467,850
TotalEnergies Capital International SA
2.83%, 01/10/30 (Call 10/10/29)		230		206,605
2.99%, 06/29/41 (Call 12/29/40)		47		34,889
3.13%, 05/29/50 (Call 11/29/49)		495		344,271

Security	Par (000)		Value
Oil & Gas (continued)
3.39%, 06/29/60 (Call 12/29/59)	$	552	$	381,527
3.46%, 02/19/29 (Call 11/19/28)		114		107,081
3.46%, 07/12/49 (Call 01/12/49)		236		176,248
TotalEnergies Capital SA, 3.88%, 10/11/28		333		320,733
Valero Energy Corp.
3.40%, 09/15/26 (Call 06/15/26)		35		33,463
3.65%, 12/01/51 (Call 06/01/51)		194		136,542
4.00%, 04/01/29 (Call 01/01/29)		45		42,941
4.00%, 06/01/52 (Call 12/01/51)(a)		29		21,805
4.35%, 06/01/28 (Call 03/01/28)		36		35,050
4.90%, 03/15/45(a)		78		70,477
6.63%, 06/15/37		461		493,706
7.50%, 04/15/32		295		335,578
				27,234,389
Oil & Gas Services — 0.5%
Baker Hughes Holdings LLC, 5.13%, 09/15/40		441		427,697
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
3.14%, 11/07/29 (Call 08/07/29)		750		684,044
3.34%, 12/15/27 (Call 09/15/27)		1,442		1,359,800
4.08%, 12/15/47 (Call 06/15/47)		94		75,681
Halliburton Co.
2.92%, 03/01/30 (Call 12/01/29)		366		325,056
4.50%, 11/15/41 (Call 05/15/41)		127		112,060
4.75%, 08/01/43 (Call 02/01/43)		115		103,726
4.85%, 11/15/35 (Call 05/15/35)		297		285,750
5.00%, 11/15/45 (Call 05/15/45)(a)		295		274,429
6.70%, 09/15/38		103		115,332
7.45%, 09/15/39(a)		219		263,025
NOV Inc.
3.60%, 12/01/29 (Call 09/01/29)(a)		312		284,601
3.95%, 12/01/42 (Call 06/01/42)		132		98,368
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)		479		420,951
4.50%, 05/15/28 (Call 04/15/28)		25		24,761
4.85%, 05/15/33 (Call 02/15/33)(a)		45		44,532
				4,899,813
Packaging & Containers — 0.1%
Amcor Finance USA Inc.
3.63%, 04/28/26 (Call 01/28/26)		50		48,146
4.50%, 05/15/28 (Call 02/15/28)		88		85,573
5.63%, 05/26/33 (Call 02/26/33)		150		152,351
Amcor Flexibles North America Inc.
2.63%, 06/19/30 (Call 03/19/30)		147		125,410
2.69%, 05/25/31 (Call 02/25/31)(a)		35		29,473
Berry Global Inc., 5.65%, 01/15/34 (Call 10/15/33)(c)		150		148,046
Packaging Corp. of America, 4.05%, 12/15/49 (Call 06/15/49)		14		11,055
Sonoco Products Co.
3.13%, 05/01/30 (Call 02/01/30)		14		12,424
5.75%, 11/01/40 (Call 05/01/40)		110		110,654
WestRock MWV LLC
7.95%, 02/15/31		18		20,509
8.20%, 01/15/30		68		77,316
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)		55		46,352
4.00%, 03/15/28 (Call 12/15/27)		20		19,090
4.20%, 06/01/32 (Call 03/01/32)(a)		60		56,377
4.90%, 03/15/29 (Call 12/15/28)		29		28,712
				971,488

110 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals — 4.5%
AbbVie Inc.
3.20%, 05/14/26 (Call 02/14/26)	$	7	$	6,737
4.05%, 11/21/39 (Call 05/21/39)		540		473,965
4.25%, 11/14/28 (Call 08/14/28)		22		21,491
4.25%, 11/21/49 (Call 05/21/49)		1,062		914,332
4.30%, 05/14/36 (Call 11/14/35)		357		332,340
4.40%, 11/06/42		525		469,634
4.45%, 05/14/46 (Call 11/14/45)		432		381,787
4.50%, 05/14/35 (Call 11/14/34)		699		667,195
4.70%, 05/14/45 (Call 11/14/44)		637		587,381
4.85%, 06/15/44 (Call 12/15/43)		33		31,177
4.88%, 11/14/48 (Call 05/14/48)		398		376,031
Astrazeneca Finance LLC
4.88%, 03/03/33 (Call 12/03/32)		355		353,427
5.00%, 02/26/34 (Call 11/26/33)		125		125,463
AstraZeneca PLC
3.13%, 06/12/27 (Call 03/12/27)		672		638,395
3.38%, 11/16/25		525		510,620
4.00%, 01/17/29 (Call 10/17/28)		521		502,973
4.00%, 09/18/42		180		153,856
4.38%, 11/16/45		364		321,771
4.38%, 08/17/48 (Call 02/17/48)		106		94,118
6.45%, 09/15/37		708		797,285
Becton Dickinson and Co.
3.70%, 06/06/27 (Call 03/06/27)		937		898,455
4.67%, 06/06/47 (Call 12/06/46)		458		405,624
4.69%, 12/15/44 (Call 06/15/44)		292		262,008
Bristol-Myers Squibb Co.
2.55%, 11/13/50 (Call 05/13/50)		399		241,854
3.25%, 02/27/27		115		110,365
3.25%, 08/01/42		293		221,337
3.70%, 03/15/52 (Call 09/15/51)		305		230,551
3.90%, 03/15/62 (Call 09/15/61)		290		216,244
4.25%, 10/26/49 (Call 04/26/49)		778		651,261
4.35%, 11/15/47 (Call 05/15/47)		360		305,772
4.50%, 03/01/44 (Call 09/01/43)		30		26,815
4.55%, 02/20/48 (Call 08/20/47)		272		239,263
4.63%, 05/15/44 (Call 11/15/43)		50		45,258
5.00%, 08/15/45 (Call 02/15/45)		134		127,544
5.55%, 02/22/54 (Call 08/22/53)		500		506,016
5.65%, 02/22/64 (Call 08/22/63)		400		403,808
6.25%, 11/15/53 (Call 05/15/53)(a)		15		16,644
6.40%, 11/15/63 (Call 05/15/63)		205		228,652
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		1,294		1,226,292
3.75%, 09/15/25 (Call 06/15/25)		420		409,649
4.37%, 06/15/47 (Call 12/15/46)		122		100,089
4.60%, 03/15/43		132		113,478
4.90%, 09/15/45 (Call 03/15/45)		131		115,849
5.13%, 02/15/29 (Call 01/15/29)		100		99,601
5.45%, 02/15/34 (Call 11/15/33)		60		60,020
Cencora Inc.
2.70%, 03/15/31 (Call 12/15/30)		70		59,679
3.25%, 03/01/25 (Call 12/01/24)		115		112,474
3.45%, 12/15/27 (Call 09/15/27)		83		78,526
4.25%, 03/01/45 (Call 09/01/44)(a)		242		210,335
4.30%, 12/15/47 (Call 06/15/47)		161		136,830
5.13%, 02/15/34 (Call 11/15/33)		500		490,716
Cigna Group (The)
2.40%, 03/15/30 (Call 12/15/29)(a)		346		296,623
3.40%, 03/15/50 (Call 09/15/49)		242		168,410

Security	Par (000)		Value
Pharmaceuticals (continued)
3.40%, 03/15/51 (Call 09/15/50)	$	280	$	194,712
3.88%, 10/15/47 (Call 04/15/47)		316		242,815
4.38%, 10/15/28 (Call 07/15/28)		946		918,715
4.80%, 08/15/38 (Call 02/15/38)(a)		357		331,089
4.80%, 07/15/46 (Call 01/16/46)		274		244,896
4.90%, 12/15/48 (Call 06/15/48)		693		622,578
5.00%, 05/15/29 (Call 04/15/29)(a)		150		148,923
5.13%, 05/15/31 (Call 03/15/31)		150		148,298
5.25%, 02/15/34 (Call 11/15/33)		550		543,275
5.40%, 03/15/33 (Call 12/15/32)(a)		235		236,409
5.60%, 02/15/54 (Call 08/15/53)		150		147,693
6.13%, 11/15/41		159		168,122
CVS Health Corp.
2.88%, 06/01/26 (Call 03/01/26)		63		59,876
3.25%, 08/15/29 (Call 05/15/29)		49		44,581
3.63%, 04/01/27 (Call 02/01/27)		80		76,694
3.75%, 04/01/30 (Call 01/01/30)		18		16,609
3.88%, 07/20/25 (Call 04/20/25)		72		70,538
4.25%, 04/01/50 (Call 10/01/49)		41		32,748
4.30%, 03/25/28 (Call 12/25/27)		854		829,126
4.78%, 03/25/38 (Call 09/25/37)		981		892,480
4.88%, 07/20/35 (Call 01/20/35)		190		181,222
5.05%, 03/25/48 (Call 09/25/47)		1,527		1,364,296
5.13%, 07/20/45 (Call 01/20/45)		773		703,763
5.25%, 02/21/33 (Call 11/21/32)		315		311,889
5.30%, 06/01/33 (Call 03/01/33)(a)		75		74,471
5.30%, 12/05/43 (Call 06/05/43)		255		236,922
5.63%, 02/21/53 (Call 08/21/52)		310		297,617
5.88%, 06/01/53 (Call 12/01/52)(a)		165		164,416
6.00%, 06/01/63 (Call 12/01/62)(a)		260		260,384
6.13%, 09/15/39		161		165,357
6.25%, 06/01/27		114		118,024
Eli Lilly & Co.
2.50%, 09/15/60 (Call 03/15/60)		100		58,179
3.10%, 05/15/27 (Call 02/15/27)		103		97,997
3.38%, 03/15/29 (Call 12/15/28)		57		53,704
3.70%, 03/01/45 (Call 09/01/44)		91		75,182
3.95%, 05/15/47 (Call 11/15/46)		50		43,004
3.95%, 03/15/49 (Call 09/15/48)		600		503,111
4.15%, 03/15/59 (Call 09/15/58)		355		298,499
5.50%, 03/15/27		40		40,931
5.55%, 03/15/37		130		137,081
GlaxoSmithKline Capital Inc.
3.63%, 05/15/25		260		255,463
3.88%, 05/15/28		153		147,936
4.20%, 03/18/43		74		65,019
5.38%, 04/15/34(a)		54		56,956
6.38%, 05/15/38		532		596,481
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29)		128		120,111
Johnson & Johnson
2.45%, 09/01/60 (Call 03/01/60)		391		230,249
3.50%, 01/15/48 (Call 07/15/47)(a)		115		90,520
3.70%, 03/01/46 (Call 09/01/45)		243		199,094
3.75%, 03/03/47 (Call 09/03/46)		272		223,629
4.38%, 12/05/33 (Call 06/05/33)		27		26,667
4.50%, 09/01/40		41		38,956
4.50%, 12/05/43 (Call 06/05/43)(a)		157		147,724
4.85%, 05/15/41		173		171,302
5.85%, 07/15/38		207		227,458
5.95%, 08/15/37		188		207,251

S C H E D U L E  O F  I N V E S T M E N T S 111

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
McKesson Corp.
3.95%, 02/16/28 (Call 11/16/27)	$	49	$	47,547
4.90%, 07/15/28 (Call 06/15/28)		67		67,013
5.10%, 07/15/33 (Call 04/15/33)		657		654,459
Mead Johnson Nutrition Co.
4.13%, 11/15/25 (Call 08/15/25)		250		245,281
4.60%, 06/01/44 (Call 12/01/43)		220		199,058
5.90%, 11/01/39		226		235,754
Merck & Co. Inc.
2.45%, 06/24/50 (Call 12/24/49)		75		46,033
2.75%, 12/10/51 (Call 06/10/51)		230		149,117
2.90%, 12/10/61 (Call 06/10/61)		680		421,181
3.40%, 03/07/29 (Call 12/07/28)		64		60,110
3.60%, 09/15/42 (Call 03/15/42)		228		184,542
3.70%, 02/10/45 (Call 08/10/44)		585		472,974
3.90%, 03/07/39 (Call 09/07/38)		12		10,489
4.00%, 03/07/49 (Call 09/07/48)		302		251,500
4.05%, 05/17/28 (Call 04/17/28)(a)		40		39,182
4.15%, 05/18/43		427		372,712
4.30%, 05/17/30 (Call 03/17/30)		25		24,328
4.50%, 05/17/33 (Call 02/17/33)		250		243,176
5.15%, 05/17/63 (Call 11/17/62)		290		283,533
6.50%, 12/01/33		302		340,428
6.55%, 09/15/37		137		153,735
Merck Sharp & Dohme Corp.
5.75%, 11/15/36		205		219,080
5.95%, 12/01/28		78		81,827
Mylan Inc., 5.20%, 04/15/48 (Call 10/15/47)		94		76,974
Novartis Capital Corp.
2.75%, 08/14/50 (Call 02/14/50)(a)		140		93,285
4.00%, 11/20/45 (Call 05/20/45)		150		127,533
4.40%, 05/06/44		51		46,416
Pfizer Inc.
2.70%, 05/28/50 (Call 11/28/49)		650		427,925
4.00%, 12/15/36		75		67,369
4.00%, 03/15/49 (Call 09/15/48)		363		299,741
4.13%, 12/15/46		181		151,786
4.20%, 09/15/48 (Call 03/15/48)		316		268,570
4.40%, 05/15/44(a)		25		22,458
7.20%, 03/15/39		187		222,210
Pfizer Investment Enterprises Pte Ltd.
4.75%, 05/19/33 (Call 02/19/33)		626		610,010
5.30%, 05/19/53 (Call 11/19/52)		845		827,604
5.34%, 05/19/63 (Call 11/19/62)		1,100		1,059,785
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)		153		145,780
Takeda Pharmaceutical Co. Ltd.
3.18%, 07/09/50 (Call 01/09/50)		522		357,697
3.38%, 07/09/60 (Call 01/09/60)		252		168,238
5.00%, 11/26/28 (Call 08/26/28)		105		104,726
Utah Acquisition Sub Inc., 5.25%, 06/15/46 (Call 12/15/45)		100		82,142
Viatris Inc., 4.00%, 06/22/50 (Call 12/22/49)		479		326,383
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)		70		58,709
3.00%, 09/12/27 (Call 06/12/27)		1,092		1,022,152
3.00%, 05/15/50 (Call 11/15/49)		10		6,845
3.90%, 08/20/28 (Call 05/20/28)(a)		372		357,618
3.95%, 09/12/47 (Call 03/12/47)		178		143,374
4.45%, 08/20/48 (Call 02/20/48)		10		8,748
4.50%, 11/13/25 (Call 08/13/25)		1,873		1,849,425

Security	Par (000)		Value
Pharmaceuticals (continued)
4.70%, 02/01/43 (Call 08/01/42)	$	433	$	395,540
5.60%, 11/16/32 (Call 08/16/32)		795		821,580
				45,490,744
Pipelines — 3.4%
Boardwalk Pipelines LP
4.45%, 07/15/27 (Call 04/15/27)		615		599,470
4.80%, 05/03/29 (Call 02/03/29)		109		105,911
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39 (Call 07/04/39)		110		86,317
3.70%, 11/15/29 (Call 05/18/29)		684		631,522
5.13%, 06/30/27 (Call 01/01/27)		128		127,385
5.88%, 03/31/25 (Call 10/02/24)		252		251,919
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 03/11/24)		310		297,741
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)(a)		227		189,725
4.00%, 03/01/31 (Call 03/01/26)		10		8,931
4.50%, 10/01/29 (Call 10/01/24)		55		51,555
5.95%, 06/30/33 (Call 12/30/32)		158		158,629
Columbia Pipeline Group Inc., 5.80%, 06/01/45 (Call 12/01/44)		31		29,928
DCP Midstream Operating LP
5.13%, 05/15/29 (Call 02/15/29)		80		79,009
5.60%, 04/01/44 (Call 10/01/43)		70		66,834
8.13%, 08/16/30(a)		55		62,702
Enbridge Energy Partners LP
7.38%, 10/15/45 (Call 04/15/45)		144		166,226
Series B, 7.50%, 04/15/38		127		146,787
Enbridge Inc.
2.50%, 08/01/33 (Call 05/01/33)		665		525,499
3.13%, 11/15/29 (Call 08/15/29)		80		72,272
3.40%, 08/01/51 (Call 02/01/51)		120		83,678
3.70%, 07/15/27 (Call 04/15/27)		59		56,338
4.00%, 11/15/49 (Call 05/15/49)		133		102,839
4.25%, 12/01/26 (Call 09/01/26)		71		69,449
4.50%, 06/10/44 (Call 12/10/43)		94		78,331
5.50%, 12/01/46 (Call 06/01/46)(a)		162		156,415
5.70%, 03/08/33 (Call 12/08/32)		425		430,188
5.90%, 11/15/26 (Call 10/15/26)		245		249,602
6.00%, 11/15/28 (Call 10/15/28)		20		20,710
6.20%, 11/15/30 (Call 09/15/30)		105		110,093
6.70%, 11/15/53 (Call 05/15/53)(a)		55		61,346
Energy Transfer LP
4.15%, 09/15/29 (Call 06/15/29)		125		117,856
4.40%, 03/15/27 (Call 12/15/26)		279		271,732
4.90%, 03/15/35 (Call 09/15/34)		5		4,663
4.95%, 05/15/28 (Call 02/15/28)		216		213,129
5.00%, 05/15/44 (Call 11/15/43)		970		839,669
5.00%, 05/15/50 (Call 11/15/49)		365		314,721
5.40%, 10/01/47 (Call 04/01/47)		40		36,175
5.75%, 02/15/33 (Call 11/15/32)		85		85,524
5.95%, 05/15/54 (Call 11/15/53)		15		14,668
6.00%, 06/15/48 (Call 12/15/47)		105		102,787
6.25%, 04/15/49 (Call 10/15/48)		250		252,242
6.63%, 10/15/36		80		84,067
7.50%, 07/01/38		120		136,309
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)		115		102,097
3.30%, 02/15/53 (Call 08/15/52)		15		10,465
3.70%, 01/31/51 (Call 07/31/50)		30		22,630
3.95%, 01/31/60 (Call 07/31/59)		164		124,044

112 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
4.20%, 01/31/50 (Call 07/31/49)	$	154	$	127,142
4.25%, 02/15/48 (Call 08/15/47)		88		73,568
4.45%, 02/15/43 (Call 08/15/42)		165		143,577
4.80%, 02/01/49 (Call 08/01/48)		178		161,196
4.85%, 08/15/42 (Call 02/15/42)		176		160,990
4.85%, 03/15/44 (Call 09/15/43)		227		207,786
4.90%, 05/15/46 (Call 11/15/45)		127		115,939
4.95%, 10/15/54 (Call 04/15/54)		90		82,067
5.10%, 02/15/45 (Call 08/15/44)		277		259,333
5.38%, 02/15/78 (Call 02/15/28), (3-mo. SOFR + 2.832%)(a)(b)		347		321,080
5.70%, 02/15/42(a)		105		105,919
5.95%, 02/01/41		176		183,514
6.13%, 10/15/39		100		104,811
6.45%, 09/01/40		149		162,757
7.55%, 04/15/38		125		148,704
Series D, 6.88%, 03/01/33		28		31,158
Series E, 5.25%, 08/16/77 (Call 08/16/27), (3-mo. SOFR + 3.295%)(b)		169		160,676
Series H, 6.65%, 10/15/34		14		15,456
Kinder Morgan Energy Partners LP
5.00%, 08/15/42 (Call 02/15/42)		27		23,493
5.00%, 03/01/43 (Call 09/01/42)		98		85,367
5.40%, 09/01/44 (Call 03/01/44)		123		112,187
5.50%, 03/01/44 (Call 09/01/43)		170		157,175
5.63%, 09/01/41		40		37,635
5.80%, 03/15/35		188		188,714
6.38%, 03/01/41		128		130,073
6.50%, 02/01/37		133		136,981
6.50%, 09/01/39		143		147,243
6.55%, 09/15/40		90		93,391
6.95%, 01/15/38		266		286,843
7.30%, 08/15/33		166		184,276
7.40%, 03/15/31		134		148,161
7.50%, 11/15/40		59		65,774
7.75%, 03/15/32		211		237,445
Kinder Morgan Inc.
3.25%, 08/01/50 (Call 02/01/50)		130		84,075
3.60%, 02/15/51 (Call 08/15/50)		67		45,993
4.30%, 03/01/28 (Call 12/01/27)		119		115,385
4.80%, 02/01/33 (Call 11/01/32)		50		47,178
5.00%, 02/01/29 (Call 01/01/29)		215		213,292
5.05%, 02/15/46 (Call 08/15/45)		230		200,019
5.20%, 06/01/33 (Call 03/01/33)		350		340,441
5.20%, 03/01/48 (Call 09/01/47)		105		93,277
5.30%, 12/01/34 (Call 06/01/34)(a)		276		268,984
5.40%, 02/01/34 (Call 11/01/33)(a)		275		270,252
5.45%, 08/01/52 (Call 02/01/52)(a)		95		87,500
5.55%, 06/01/45 (Call 12/01/44)		402		377,160
7.75%, 01/15/32		288		324,326
7.80%, 08/01/31		258		288,532
Magellan Midstream Partners LP, 3.95%, 03/01/50 (Call 09/01/49)		140		101,932
MPLX LP
4.00%, 03/15/28 (Call 12/15/27)		134		128,328
4.13%, 03/01/27 (Call 12/01/26)		521		505,165
4.25%, 12/01/27 (Call 09/01/27)		76		73,482
4.50%, 04/15/38 (Call 10/15/37)		209		182,116
4.70%, 04/15/48 (Call 10/15/47)		313		262,038
4.80%, 02/15/29 (Call 11/15/28)		162		158,817
4.90%, 04/15/58 (Call 10/15/57)		207		171,386

Security	Par (000)		Value
Pipelines (continued)
4.95%, 03/14/52 (Call 09/14/51)	$	100	$	86,120
5.20%, 03/01/47 (Call 09/01/46)		332		298,149
5.50%, 02/15/49 (Call 08/15/48)		316		295,883
Northwest Pipeline LLC, 4.00%, 04/01/27 (Call 01/01/27)		43		41,731
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		494		469,871
3.10%, 03/15/30 (Call 12/15/29)		208		184,274
3.40%, 09/01/29 (Call 06/01/29)		242		221,023
4.00%, 07/13/27 (Call 04/13/27)		469		451,856
4.20%, 10/03/47 (Call 04/03/47)		79		60,447
4.25%, 09/15/46		52		40,517
4.35%, 03/15/29 (Call 12/15/28)(a)		340		327,323
4.45%, 09/01/49 (Call 03/01/49)		43		34,293
4.50%, 03/15/50 (Call 09/15/49)		27		21,600
4.55%, 07/15/28 (Call 04/15/28)		438		427,926
4.85%, 02/01/49		88		75,091
4.95%, 07/13/47 (Call 01/06/47)		80		68,866
5.15%, 10/15/43(a)		43		38,837
5.55%, 11/01/26 (Call 10/01/26)		300		302,157
5.65%, 11/01/28 (Call 10/01/28)		250		254,424
5.80%, 11/01/30 (Call 09/01/30)		55		56,301
5.85%, 01/15/26 (Call 12/15/25)(a)		527		531,653
6.05%, 09/01/33 (Call 06/01/33)(a)		400		412,153
6.10%, 11/15/32 (Call 08/15/32)		285		295,189
6.35%, 01/15/31 (Call 10/15/30)		150		157,296
6.63%, 09/01/53 (Call 03/01/53)		100		107,623
7.15%, 01/15/51 (Call 07/15/50)		24		26,617
ONEOK Partners LP
4.90%, 03/15/25 (Call 12/15/24)		2,272		2,254,951
6.20%, 09/15/43 (Call 03/15/43)		141		143,912
6.65%, 10/01/36		237		250,665
6.85%, 10/15/37		223		239,102
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)		119		107,880
4.70%, 06/15/44 (Call 12/15/43)		56		46,316
5.15%, 06/01/42 (Call 12/01/41)		49		43,238
6.65%, 01/15/37(a)		216		227,941
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		449		433,238
4.50%, 05/15/30 (Call 11/15/29)		167		159,876
5.00%, 03/15/27 (Call 09/15/26)		589		584,814
5.63%, 03/01/25 (Call 12/01/24)		379		378,537
5.88%, 06/30/26 (Call 12/31/25)		172		173,399
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		168		160,475
3.50%, 03/15/25 (Call 12/15/24)		68		66,665
4.50%, 03/15/45 (Call 09/15/44)		256		214,475
5.95%, 09/25/43 (Call 03/25/43)		231		229,602
Targa Resources Corp.
4.20%, 02/01/33 (Call 11/01/32)		350		314,914
4.95%, 04/15/52 (Call 10/15/51)		190		162,584
6.13%, 03/15/33 (Call 12/15/32)		30		30,912
6.15%, 03/01/29 (Call 02/01/29)		75		77,326
6.25%, 07/01/52 (Call 01/01/52)		35		35,429
6.50%, 03/30/34 (Call 12/30/33)		340		360,987
6.50%, 02/15/53 (Call 08/15/52)		195		205,265
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)		40		35,698
5.50%, 03/01/30 (Call 03/01/25)(a)		60		59,310

S C H E D U L E  O F  I N V E S T M E N T S 113

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
TC PipeLines LP
3.90%, 05/25/27 (Call 02/25/27)	$	266	$	253,527
4.38%, 03/13/25 (Call 12/13/24)		39		38,403
Tennessee Gas Pipeline Co. LLC
7.00%, 03/15/27(a)		177		185,774
7.00%, 10/15/28		156		166,584
7.63%, 04/01/37		20		22,507
Texas Eastern Transmission LP, 7.00%, 07/15/32(a)		453		501,020
TransCanada PipeLines Ltd.
4.10%, 04/15/30 (Call 01/15/30)		88		82,425
4.25%, 05/15/28 (Call 02/15/28)		112		107,867
4.63%, 03/01/34 (Call 12/01/33)		315		291,975
4.75%, 05/15/38 (Call 11/15/37)(a)		45		40,668
4.88%, 05/15/48 (Call 11/15/47)		126		109,912
5.10%, 03/15/49 (Call 09/15/48)(a)		158		144,723
5.60%, 03/31/34		167		166,769
5.85%, 03/15/36		163		162,882
6.10%, 06/01/40(a)		76		77,635
6.20%, 10/15/37		240		246,919
7.25%, 08/15/38		138		155,568
7.63%, 01/15/39		221		257,493
Transcontinental Gas Pipe Line Co. LLC
3.95%, 05/15/50 (Call 11/15/49)		163		126,797
4.00%, 03/15/28 (Call 12/15/27)		33		31,660
4.45%, 08/01/42 (Call 02/01/42)(a)		95		82,443
4.60%, 03/15/48 (Call 09/15/47)		143		125,040
5.40%, 08/15/41 (Call 02/15/41)		83		80,949
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27)		197		191,576
Western Midstream Operating LP
4.05%, 02/01/30 (Call 11/01/29)		285		263,674
4.50%, 03/01/28 (Call 12/01/27)		15		14,365
4.75%, 08/15/28 (Call 05/15/28)		10		9,668
5.25%, 02/01/50 (Call 08/01/49)		190		168,322
5.30%, 03/01/48 (Call 09/01/47)		110		94,876
5.45%, 04/01/44 (Call 10/01/43)		80		71,865
5.50%, 08/15/48 (Call 02/15/48)		70		61,457
6.15%, 04/01/33 (Call 01/01/33)		450		457,520
6.35%, 01/15/29 (Call 12/15/28)		40		41,299
Williams Companies Inc. (The)
3.75%, 06/15/27 (Call 03/15/27)		28		26,782
4.85%, 03/01/48 (Call 09/01/47)		188		164,994
4.90%, 01/15/45 (Call 07/15/44)		117		103,051
5.10%, 09/15/45 (Call 03/15/45)		240		219,139
5.40%, 03/04/44 (Call 09/04/43)		137		128,338
5.75%, 06/24/44 (Call 12/24/43)		22		21,530
5.80%, 11/15/43 (Call 05/15/43)		107		104,741
6.30%, 04/15/40		313		324,125
8.75%, 03/15/32		86		102,349
Series A, 7.50%, 01/15/31		50		55,546
				35,119,726
Real Estate — 0.3%
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)(a)		488		400,746
4.88%, 03/01/26 (Call 12/01/25)		2,592		2,560,832
5.95%, 08/15/34 (Call 05/15/34)		65		65,660
Realty Income Corp.
3.40%, 01/15/30 (Call 10/15/29)		38		34,441
4.00%, 07/15/29 (Call 04/15/29)(a)		59		55,629
				3,117,308

Security	Par (000)		Value
Real Estate Investment Trusts — 3.9%
Agree LP
2.60%, 06/15/33 (Call 03/15/33)	$	25	$	19,366
4.80%, 10/01/32 (Call 07/01/32)		15		14,019
Alexandria Real Estate Equities Inc.
1.88%, 02/01/33 (Call 11/01/32)		365		272,992
2.00%, 05/18/32 (Call 02/18/32)		55		42,458
2.75%, 12/15/29 (Call 09/15/29)		18		15,660
2.95%, 03/15/34 (Call 12/15/33)		135		108,831
3.00%, 05/18/51 (Call 11/18/50)(a)		165		103,532
3.38%, 08/15/31 (Call 05/15/31)		10		8,781
3.55%, 03/15/52 (Call 09/15/51)		200		138,773
3.95%, 01/15/27 (Call 10/15/26)(a)		61		58,807
3.95%, 01/15/28 (Call 10/15/27)		118		112,272
4.00%, 02/01/50 (Call 08/01/49)		209		157,450
4.30%, 01/15/26 (Call 10/15/25)		55		53,956
4.50%, 07/30/29 (Call 04/30/29)		188		180,254
4.70%, 07/01/30 (Call 04/01/30)		123		118,226
4.85%, 04/15/49 (Call 10/15/48)(a)		120		104,866
4.90%, 12/15/30 (Call 09/15/30)		14		13,626
American Homes 4 Rent LP
3.38%, 07/15/51 (Call 01/15/51)		35		23,126
3.63%, 04/15/32 (Call 01/15/32)		155		135,051
4.25%, 02/15/28 (Call 11/15/27)		35		33,619
4.30%, 04/15/52 (Call 10/15/51)(a)		22		17,171
4.90%, 02/15/29 (Call 11/15/28)(a)		41		39,957
American Tower Corp.
1.88%, 10/15/30 (Call 07/15/30)		105		84,327
2.10%, 06/15/30 (Call 03/15/30)		235		193,425
2.30%, 09/15/31 (Call 06/15/31)		190		153,350
2.40%, 03/15/25 (Call 02/15/25)		86		83,187
2.70%, 04/15/31 (Call 01/15/31)(a)		195		163,562
2.90%, 01/15/30 (Call 10/15/29)		281		246,491
2.95%, 01/15/51 (Call 07/15/50)(a)		235		148,868
3.10%, 06/15/50 (Call 12/15/49)		265		173,150
3.13%, 01/15/27 (Call 10/15/26)		303		285,746
3.38%, 10/15/26 (Call 07/15/26)		399		380,487
3.55%, 07/15/27 (Call 04/15/27)		325		308,077
3.60%, 01/15/28 (Call 10/15/27)		300		282,310
3.70%, 10/15/49 (Call 04/15/49)(a)		169		123,430
3.80%, 08/15/29 (Call 05/15/29)		337		311,929
3.95%, 03/15/29 (Call 12/15/28)		72		67,570
4.00%, 06/01/25 (Call 03/01/25)		240		235,272
4.40%, 02/15/26 (Call 11/15/25)		294		289,101
5.55%, 07/15/33 (Call 04/15/33)		315		314,909
5.90%, 11/15/33 (Call 08/15/33)		180		184,586
AvalonBay Communities Inc.
2.05%, 01/15/32 (Call 10/15/31)		100		81,587
2.30%, 03/01/30 (Call 12/01/29)		67		57,560
3.20%, 01/15/28 (Call 10/15/27)		18		16,866
3.30%, 06/01/29 (Call 03/01/29)		37		34,112
3.90%, 10/15/46 (Call 04/15/46)		71		55,453
4.15%, 07/01/47 (Call 01/01/47)(a)		55		44,616
5.00%, 02/15/33 (Call 11/15/32)		265		259,908
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)(a)		245		180,808
2.55%, 04/01/32 (Call 01/01/32)		230		178,721
2.75%, 10/01/26 (Call 07/01/26)		642		594,358
2.90%, 03/15/30 (Call 12/15/29)		101		85,368
3.25%, 01/30/31 (Call 10/30/30)		301		253,415
3.40%, 06/21/29 (Call 03/21/29)		144		127,075
3.65%, 02/01/26 (Call 11/03/25)(a)		418		401,973

114 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.50%, 12/01/28 (Call 09/01/28)	$	143	$	135,109
6.50%, 01/15/34 (Call 10/15/33)(a)		155		158,485
Brixmor Operating Partnership LP
2.50%, 08/16/31 (Call 05/16/31)(a)		90		73,087
3.90%, 03/15/27 (Call 12/15/26)		86		81,931
4.05%, 07/01/30 (Call 04/01/30)		80		73,464
4.13%, 06/15/26 (Call 03/15/26)		134		129,716
4.13%, 05/15/29 (Call 02/15/29)		98		91,559
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		19		16,696
3.15%, 07/01/29 (Call 04/01/29)		52		47,305
3.35%, 11/01/49 (Call 05/01/49)		19		13,546
4.10%, 10/15/28 (Call 07/15/28)		31		29,854
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)(a)		325		269,071
2.25%, 03/15/26 (Call 02/15/26)		995		930,477
2.75%, 04/15/31 (Call 01/15/31)(a)		132		106,471
2.90%, 12/01/33 (Call 09/01/33)		105		80,261
Crown Castle Inc.
1.35%, 07/15/25 (Call 06/15/25)		100		94,613
2.10%, 04/01/31 (Call 01/01/31)		347		278,219
2.25%, 01/15/31 (Call 10/15/30)		255		208,424
2.50%, 07/15/31 (Call 04/15/31)		347		284,160
3.10%, 11/15/29 (Call 08/15/29)		155		137,154
3.25%, 01/15/51 (Call 07/15/50)		284		191,669
3.30%, 07/01/30 (Call 04/01/30)		295		260,533
3.65%, 09/01/27 (Call 06/01/27)		137		129,296
3.70%, 06/15/26 (Call 03/15/26)		157		151,293
3.80%, 02/15/28 (Call 11/15/27)		1,442		1,357,870
4.00%, 03/01/27 (Call 12/01/26)		113		108,771
4.00%, 11/15/49 (Call 05/15/49)		102		78,464
4.15%, 07/01/50 (Call 01/01/50)		180		142,336
4.30%, 02/15/29 (Call 11/15/28)(a)		929		882,954
4.45%, 02/15/26 (Call 11/15/25)		947		929,257
4.75%, 05/15/47 (Call 11/15/46)		193		163,107
4.80%, 09/01/28 (Call 08/01/28)		40		39,003
5.10%, 05/01/33 (Call 02/01/33)		635		613,015
5.20%, 02/15/49 (Call 08/15/48)		114		103,114
5.60%, 06/01/29 (Call 05/01/29)		115		115,763
5.80%, 03/01/34 (Call 12/01/33)		130		131,884
CubeSmart LP
2.50%, 02/15/32 (Call 11/15/31)		140		113,047
3.00%, 02/15/30 (Call 11/15/29)		40		34,916
4.38%, 02/15/29 (Call 11/15/28)		15		14,265
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)(a)		580		534,745
3.70%, 08/15/27 (Call 05/15/27)		127		121,039
4.45%, 07/15/28 (Call 04/15/28)		90		87,079
5.55%, 01/15/28 (Call 12/15/27)		500		505,062
EPR Properties
3.60%, 11/15/31 (Call 08/15/31)		50		40,883
4.95%, 04/15/28 (Call 01/15/28)		10		9,478
Equinix Inc.
1.80%, 07/15/27 (Call 05/15/27)		26		23,370
2.15%, 07/15/30 (Call 04/15/30)		482		399,656
2.50%, 05/15/31 (Call 02/15/31)		295		246,340
2.95%, 09/15/51 (Call 03/15/51)(a)		174		110,581
3.00%, 07/15/50 (Call 01/15/50)		164		106,346
3.20%, 11/18/29 (Call 08/18/29)		695		624,626
3.40%, 02/15/52 (Call 08/15/51)(a)		120		83,161

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
ERP Operating LP
1.85%, 08/01/31 (Call 05/01/31)	$	10	$	8,022
2.50%, 02/15/30 (Call 11/15/29)		160		138,913
3.00%, 07/01/29 (Call 04/01/29)		34		30,806
3.25%, 08/01/27 (Call 05/01/27)		38		35,685
3.50%, 03/01/28 (Call 12/01/27)		42		39,664
4.00%, 08/01/47 (Call 02/01/47)(a)		27		20,774
4.15%, 12/01/28 (Call 09/01/28)(a)		33		31,906
4.50%, 06/01/45 (Call 12/01/44)		35		29,202
Essex Portfolio LP
2.65%, 03/15/32 (Call 12/15/31)		230		187,486
2.65%, 09/01/50 (Call 03/01/50)(a)		30		17,408
3.00%, 01/15/30 (Call 10/15/29)		10		8,773
4.00%, 03/01/29 (Call 12/01/28)		30		28,411
Extra Space Storage LP
2.35%, 03/15/32 (Call 12/15/31)		130		103,067
2.40%, 10/15/31 (Call 07/15/31)		100		80,778
3.88%, 12/15/27 (Call 09/15/27)		9		8,546
4.00%, 06/15/29 (Call 03/15/29)		9		8,446
5.50%, 07/01/30 (Call 05/01/30)		25		25,110
Federal Realty OP LP
3.20%, 06/15/29 (Call 03/15/29)		611		545,948
3.25%, 07/15/27 (Call 04/15/27)		360		336,297
3.50%, 06/01/30 (Call 03/01/30)		475		426,020
4.50%, 12/01/44 (Call 06/01/44)		188		152,994
5.38%, 05/01/28 (Call 04/01/28)		615		612,915
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32 (Call 10/15/31)		80		66,374
4.00%, 01/15/30 (Call 10/15/29)		138		124,183
4.00%, 01/15/31 (Call 10/15/30)		107		94,337
5.30%, 01/15/29 (Call 10/15/28)(a)		211		204,909
5.75%, 06/01/28 (Call 03/03/28)(a)		158		156,873
Healthcare Realty Holdings LP, 3.10%, 02/15/30 (Call 11/15/29)		10		8,617
Healthpeak OP LLC
3.00%, 01/15/30 (Call 10/15/29)(a)		308		270,234
3.25%, 07/15/26 (Call 05/15/26)		15		14,329
3.50%, 07/15/29 (Call 04/15/29)		239		218,367
4.00%, 06/01/25 (Call 03/01/25)		438		429,709
6.75%, 02/01/41 (Call 08/01/40)		151		165,389
Highwoods Realty LP
3.05%, 02/15/30 (Call 11/15/29)		87		72,833
4.20%, 04/15/29 (Call 01/15/29)		72		64,898
7.65%, 02/01/34 (Call 11/01/33)		100		107,223
Host Hotels & Resorts LP
Series E, 4.00%, 06/15/25 (Call 03/15/25)		197		192,970
Series F, 4.50%, 02/01/26 (Call 11/01/25)		451		441,445
Series H, 3.38%, 12/15/29 (Call 09/15/29)		137		121,208
Series I, 3.50%, 09/15/30 (Call 06/15/30)		240		211,580
Series J, 2.90%, 12/15/31 (Call 09/15/31)		80		66,054
Invitation Homes Operating Partnership LP
2.00%, 08/15/31 (Call 05/15/31)		5		3,906
2.70%, 01/15/34 (Call 10/15/33)		15		11,674
4.15%, 04/15/32 (Call 01/15/32)		105		94,892
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)		270		200,079
3.05%, 02/15/30 (Call 11/15/29)		120		100,513
4.25%, 08/15/29 (Call 05/15/29)(a)		252		229,930
4.38%, 10/01/25 (Call 07/01/25)		208		202,737
4.75%, 12/15/28 (Call 09/15/28)		7		6,593

S C H E D U L E  O F  I N V E S T M E N T S 115

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Kimco Realty OP LLC
2.80%, 10/01/26 (Call 07/01/26)	$	36	$	33,731
3.70%, 10/01/49 (Call 04/01/49)		88		63,268
3.80%, 04/01/27 (Call 01/01/27)		71		68,034
4.13%, 12/01/46 (Call 06/01/46)(a)		120		91,348
4.25%, 04/01/45 (Call 10/01/44)(a)		120		93,904
4.45%, 09/01/47 (Call 03/01/47)		48		38,219
4.60%, 02/01/33 (Call 11/01/32)(a)		190		178,092
Kite Realty Group LP, 4.00%, 10/01/26 (Call 07/01/26)		35		33,172
Kite Realty Group Trust, 4.75%, 09/15/30 (Call 06/15/30)		25		23,589
Mid-America Apartments LP
1.70%, 02/15/31 (Call 11/15/30)		205		163,433
2.75%, 03/15/30 (Call 12/15/29)(a)		35		30,760
3.95%, 03/15/29 (Call 12/15/28)(a)		20		19,083
NNN REIT Inc.
2.50%, 04/15/30 (Call 01/15/30)		7		5,923
3.00%, 04/15/52 (Call 10/15/51)(a)		35		22,303
3.10%, 04/15/50 (Call 10/15/49)		88		56,973
3.50%, 04/15/51 (Call 10/15/50)		75		53,458
4.30%, 10/15/28 (Call 07/15/28)		7		6,720
4.80%, 10/15/48 (Call 04/15/48)		31		26,608
5.60%, 10/15/33 (Call 07/15/33)		25		24,913
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)(a)		160		127,188
3.38%, 02/01/31 (Call 11/01/30)		132		111,120
3.63%, 10/01/29 (Call 07/01/29)		225		197,593
Physicians Realty LP
2.63%, 11/01/31 (Call 08/01/31)		30		24,429
3.95%, 01/15/28 (Call 10/15/27)		19		18,077
4.30%, 03/15/27 (Call 12/15/26)		87		84,537
Piedmont Operating Partnership LP
2.75%, 04/01/32 (Call 01/01/32)		5		3,533
3.15%, 08/15/30 (Call 05/15/30)(a)		57		43,732
9.25%, 07/20/28 (Call 06/20/28)		310		326,752
Prologis LP
2.13%, 04/15/27 (Call 02/15/27)		93		85,342
2.13%, 10/15/50 (Call 04/15/50)		110		60,061
2.25%, 04/15/30 (Call 01/15/30)		83		71,173
3.00%, 04/15/50 (Call 10/15/49)		268		181,232
3.25%, 10/01/26 (Call 07/01/26)		32		30,558
3.88%, 09/15/28 (Call 06/15/28)(a)		131		125,333
4.38%, 02/01/29 (Call 11/01/28)(a)		81		79,087
4.38%, 09/15/48 (Call 03/15/48)		55		46,735
4.63%, 01/15/33 (Call 10/15/32)		90		86,599
4.75%, 06/15/33 (Call 03/15/33)		280		271,208
4.88%, 06/15/28 (Call 05/15/28)		100		99,856
5.13%, 01/15/34 (Call 10/15/33)(a)		160		158,368
Public Storage Operating Co.
2.25%, 11/09/31 (Call 08/09/31)		215		177,273
2.30%, 05/01/31 (Call 02/01/31)(a)		15		12,586
5.35%, 08/01/53 (Call 02/01/53)		20		19,885
Realty Income Corp.
1.80%, 03/15/33 (Call 12/15/32)		140		105,130
2.85%, 12/15/32 (Call 09/15/32)		300		246,982
3.25%, 06/15/29 (Call 03/15/29)		11		10,064
3.25%, 01/15/31 (Call 10/15/30)		105		92,877
3.65%, 01/15/28 (Call 10/15/27)		92		87,208
4.90%, 07/15/33 (Call 04/15/33)(a)		120		114,490
5.63%, 10/13/32 (Call 07/13/32)		375		378,757

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Regency Centers LP
2.95%, 09/15/29 (Call 06/15/29)	$	99	$	87,596
3.60%, 02/01/27 (Call 11/01/26)		48		45,900
4.13%, 03/15/28 (Call 12/15/27)		40		38,201
4.40%, 02/01/47 (Call 08/01/46)		147		117,614
4.65%, 03/15/49 (Call 09/15/48)		111		93,962
Sabra Health Care LP
3.20%, 12/01/31 (Call 09/01/31)		101		82,034
3.90%, 10/15/29 (Call 07/15/29)		67		59,678
5.13%, 08/15/26 (Call 05/15/26)		394		386,671
Simon Property Group LP
2.20%, 02/01/31 (Call 11/01/30)(a)		120		98,372
2.25%, 01/15/32 (Call 10/15/31)		290		233,204
2.45%, 09/13/29 (Call 06/13/29)		235		204,733
2.65%, 02/01/32 (Call 12/01/31)(a)		50		41,533
3.25%, 09/13/49 (Call 03/13/49)		352		244,765
3.80%, 07/15/50 (Call 01/15/50)		41		30,984
4.25%, 10/01/44 (Call 04/01/44)(a)		80		65,377
4.25%, 11/30/46 (Call 05/30/46)		106		86,021
4.75%, 03/15/42 (Call 09/15/41)		135		120,454
5.50%, 03/08/33 (Call 12/08/32)(a)		345		347,941
6.75%, 02/01/40 (Call 11/01/39)		121		133,140
SITE Centers Corp.
4.25%, 02/01/26 (Call 11/01/25)		25		24,397
4.70%, 06/01/27 (Call 03/01/27)		50		49,139
Store Capital LLC
2.70%, 12/01/31 (Call 09/01/31)		35		27,231
4.50%, 03/15/28 (Call 12/15/27)		35		32,885
4.63%, 03/15/29 (Call 12/15/28)		38		35,451
Sun Communities Operating LP
4.20%, 04/15/32 (Call 01/15/32)		50		44,373
5.70%, 01/15/33 (Call 10/15/32)		105		103,358
Tanger Properties LP, 3.88%, 07/15/27 (Call 04/15/27)		15		13,737
UDR Inc.
1.90%, 03/15/33 (Call 12/15/32)		260		194,094
2.10%, 08/01/32 (Call 05/01/32)		10		7,731
2.10%, 06/15/33 (Call 03/15/33)(a)		60		45,227
3.00%, 08/15/31 (Call 05/15/31)(a)		129		110,669
3.20%, 01/15/30 (Call 10/15/29)(a)		41		36,678
4.40%, 01/26/29 (Call 10/26/28)		26		24,886
Ventas Realty LP
2.50%, 09/01/31 (Call 06/01/31)		83		67,545
3.00%, 01/15/30 (Call 10/15/29)(a)		152		132,670
3.85%, 04/01/27 (Call 01/01/27)		58		55,289
4.00%, 03/01/28 (Call 12/01/27)		41		39,016
4.38%, 02/01/45 (Call 08/01/44)		71		56,216
4.40%, 01/15/29 (Call 10/15/28)		181		173,295
4.75%, 11/15/30 (Call 08/15/30)		255		243,930
4.88%, 04/15/49 (Call 10/15/48)		115		97,298
5.70%, 09/30/43 (Call 03/30/43)		76		71,792
VICI Properties LP
4.75%, 02/15/28 (Call 01/15/28)		307		297,426
4.95%, 02/15/30 (Call 12/15/29)		259		247,202
5.13%, 05/15/32 (Call 02/15/32)		334		313,686
5.63%, 05/15/52 (Call 11/15/51)		137		123,508
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		95		82,284
2.70%, 02/15/27 (Call 12/15/26)		77		71,908
2.75%, 01/15/31 (Call 10/15/30)		165		140,649
2.75%, 01/15/32 (Call 10/15/31)		415		345,028

116 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
2.80%, 06/01/31 (Call 03/01/31)	$	250	$	212,106
3.10%, 01/15/30 (Call 10/15/29)		190		169,428
4.00%, 06/01/25 (Call 03/01/25)		213		209,085
4.13%, 03/15/29 (Call 12/15/28)		190		180,633
4.25%, 04/01/26 (Call 01/01/26)		49		48,043
4.25%, 04/15/28 (Call 01/15/28)		114		110,265
4.95%, 09/01/48 (Call 03/01/48)		130		116,895
6.50%, 03/15/41 (Call 09/15/40)		202		218,274
Weyerhaeuser Co.
4.00%, 11/15/29 (Call 08/15/29)		201		188,761
4.00%, 04/15/30 (Call 01/15/30)		255		238,310
6.95%, 10/01/27(a)		224		237,514
7.38%, 03/15/32		640		722,597
WP Carey Inc.
2.25%, 04/01/33 (Call 01/01/33)		115		87,317
3.85%, 07/15/29 (Call 04/15/29)		107		98,994
				39,802,238
Retail — 2.2%
AutoNation Inc.
3.80%, 11/15/27 (Call 08/15/27)		151		140,489
3.85%, 03/01/32 (Call 12/01/31)(a)		70		61,091
4.50%, 10/01/25 (Call 07/01/25)		97		95,222
4.75%, 06/01/30 (Call 03/01/30)		221		210,111
AutoZone Inc.
3.75%, 04/18/29 (Call 01/18/29)		74		69,466
5.05%, 07/15/26(a)		20		19,951
5.20%, 08/01/33 (Call 05/01/33)(a)		45		44,596
6.55%, 11/01/33 (Call 08/01/33)(a)		25		26,983
Best Buy Co. Inc.
1.95%, 10/01/30 (Call 07/01/30)(a)		2,290		1,880,819
4.45%, 10/01/28 (Call 07/01/28)(a)		1,994		1,952,772
Costco Wholesale Corp.
1.60%, 04/20/30 (Call 01/20/30)		73		60,790
1.75%, 04/20/32 (Call 01/20/32)		51		40,777
Darden Restaurants Inc., 4.55%, 02/15/48 (Call 08/15/47)		51		41,398
Dollar General Corp.
4.13%, 04/03/50 (Call 10/03/49)		72		55,008
5.50%, 11/01/52 (Call 05/01/52)(a)		15		14,135
Dollar Tree Inc.
3.38%, 12/01/51 (Call 06/01/51)		100		66,079
4.20%, 05/15/28 (Call 02/15/28)		63		60,697
Home Depot Inc. (The)
2.13%, 09/15/26 (Call 06/15/26)		49		45,790
2.38%, 03/15/51 (Call 09/15/50)		140		82,239
2.50%, 04/15/27 (Call 02/15/27)		240		223,541
2.70%, 04/15/30 (Call 01/15/30)		177		156,579
2.75%, 09/15/51 (Call 03/15/51)(a)		150		95,523
2.80%, 09/14/27 (Call 06/14/27)		645		604,385
2.95%, 06/15/29 (Call 03/15/29)		1,086		991,285
3.00%, 04/01/26 (Call 01/01/26)		145		139,683
3.13%, 12/15/49 (Call 06/15/49)		142		98,812
3.25%, 04/15/32 (Call 01/15/32)		420		372,496
3.30%, 04/15/40 (Call 10/15/39)		22		17,241
3.35%, 09/15/25 (Call 06/15/25)		433		422,410
3.35%, 04/15/50 (Call 10/15/49)		127		92,044
3.50%, 09/15/56 (Call 03/15/56)		309		226,304
3.63%, 04/15/52 (Call 10/15/51)		190		143,616
3.90%, 12/06/28 (Call 09/06/28)		663		641,558
3.90%, 06/15/47 (Call 12/15/46)		246		198,153
4.20%, 04/01/43 (Call 10/01/42)		200		172,270

Security	Par (000)		Value
Retail (continued)
4.25%, 04/01/46 (Call 10/01/45)	$	248	$	211,704
4.40%, 03/15/45 (Call 09/15/44)		318		279,084
4.50%, 09/15/32 (Call 06/15/32)(a)		300		293,191
4.50%, 12/06/48 (Call 06/06/48)		281		247,948
4.88%, 02/15/44 (Call 08/15/43)		317		297,381
4.90%, 04/15/29 (Call 03/15/29)		140		140,501
4.95%, 09/30/26 (Call 08/30/26)		105		105,049
4.95%, 09/15/52 (Call 03/15/52)(a)		55		52,044
5.13%, 04/30/25		150		150,052
5.40%, 09/15/40 (Call 03/15/40)(a)		167		167,976
5.88%, 12/16/36		806		858,578
5.95%, 04/01/41 (Call 10/01/40)		225		240,054
Lowe’s Companies Inc.
1.70%, 10/15/30 (Call 07/15/30)		170		137,838
2.50%, 04/15/26 (Call 01/15/26)		83		78,790
2.63%, 04/01/31 (Call 01/01/31)		72		61,396
3.00%, 10/15/50 (Call 04/15/50)		235		151,608
3.10%, 05/03/27 (Call 02/03/27)		62		58,592
3.65%, 04/05/29 (Call 01/05/29)(a)		70		65,999
3.70%, 04/15/46 (Call 10/15/45)		247		185,928
3.75%, 04/01/32 (Call 01/01/32)		460		417,456
4.00%, 04/15/25 (Call 03/15/25)		65		64,061
4.05%, 05/03/47 (Call 11/03/46)		357		282,819
4.25%, 04/01/52 (Call 10/01/51)		225		180,926
4.38%, 09/15/45 (Call 03/15/45)		200		169,520
4.45%, 04/01/62 (Call 10/01/61)		395		315,786
4.50%, 04/15/30 (Call 01/15/30)		172		167,098
4.55%, 04/05/49 (Call 10/05/48)		107		90,471
4.65%, 04/15/42 (Call 10/15/41)		271		242,377
5.00%, 04/15/33 (Call 01/15/33)(a)		310		305,496
5.00%, 04/15/40 (Call 10/15/39)		24		22,803
5.13%, 04/15/50 (Call 10/15/49)		155		142,966
5.50%, 10/15/35		253		260,208
5.63%, 04/15/53 (Call 10/15/52)		100		99,363
5.80%, 09/15/62 (Call 03/15/62)		150		149,739
5.85%, 04/01/63 (Call 10/01/62)		85		85,759
6.50%, 03/15/29(a)		62		66,318
McDonald’s Corp.
2.13%, 03/01/30 (Call 12/01/29)		18		15,402
2.63%, 09/01/29 (Call 06/01/29)(a)		11		9,840
3.50%, 07/01/27 (Call 05/01/27)		133		127,270
3.60%, 07/01/30 (Call 04/01/30)(a)		5		4,630
3.63%, 09/01/49 (Call 03/01/49)		340		253,820
3.70%, 02/15/42		14		11,253
3.80%, 04/01/28 (Call 01/01/28)		5		4,800
4.20%, 04/01/50 (Call 10/01/49)		92		75,796
4.45%, 03/01/47 (Call 09/01/46)		113		97,089
4.45%, 09/01/48 (Call 03/01/48)(a)		100		86,397
4.60%, 05/26/45 (Call 11/26/44)		154		137,027
4.70%, 12/09/35 (Call 06/09/35)		82		78,757
4.88%, 07/15/40(a)		118		112,535
4.88%, 12/09/45 (Call 06/09/45)		434		398,823
5.15%, 09/09/52 (Call 03/09/52)		50		47,484
5.70%, 02/01/39(a)		117		120,445
6.30%, 10/15/37		207		225,430
6.30%, 03/01/38		197		214,348
O’Reilly Automotive Inc., 4.20%, 04/01/30 (Call 01/01/30)		49		46,512
Starbucks Corp.
2.25%, 03/12/30 (Call 12/12/29)(a)		26		22,234
3.35%, 03/12/50 (Call 09/12/49)		137		96,693

S C H E D U L E  O F  I N V E S T M E N T S 117

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
3.50%, 03/01/28 (Call 12/01/27)	$	49	$	46,453
3.50%, 11/15/50 (Call 05/15/50)		279		203,713
3.55%, 08/15/29 (Call 05/15/29)		82		76,871
3.75%, 12/01/47 (Call 06/01/47)		118		91,025
4.00%, 11/15/28 (Call 08/15/28)(a)		40		38,636
4.30%, 06/15/45 (Call 12/15/44)		107		91,326
4.45%, 08/15/49 (Call 02/15/49)		208		177,960
4.50%, 11/15/48 (Call 05/15/48)		217		187,539
Target Corp.
2.25%, 04/15/25 (Call 03/15/25)		488		472,804
2.35%, 02/15/30 (Call 11/15/29)		121		105,547
2.65%, 09/15/30 (Call 06/15/30)(a)		70		61,395
3.38%, 04/15/29 (Call 01/15/29)		107		100,283
3.63%, 04/15/46		406		316,682
3.90%, 11/15/47 (Call 05/15/47)		46		37,505
4.00%, 07/01/42		365		314,092
4.50%, 09/15/32 (Call 06/15/32)(a)		85		82,261
6.35%, 11/01/32(a)		320		349,937
6.50%, 10/15/37		295		329,565
7.00%, 01/15/38		145		169,335
TJX Companies Inc. (The)
2.25%, 09/15/26 (Call 06/15/26)		106		99,573
3.88%, 04/15/30 (Call 01/15/30)		87		82,486
4.50%, 04/15/50 (Call 10/15/49)(a)		214		194,964
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)		581		467,817
5.25%, 05/15/33 (Call 02/15/33)(a)		180		178,882
				22,874,428
Semiconductors — 3.5%
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		205		170,965
2.75%, 06/01/50 (Call 12/01/49)		242		162,747
3.30%, 04/01/27 (Call 01/01/27)(a)		497		475,726
3.90%, 10/01/25 (Call 07/01/25)		188		184,702
4.35%, 04/01/47 (Call 10/01/46)		301		266,886
5.10%, 10/01/35 (Call 04/01/35)(a)		221		223,697
5.85%, 06/15/41		207		222,636
Broadcom Inc.
2.60%, 02/15/33 (Call 11/15/32)(c)		140		112,357
3.14%, 11/15/35 (Call 08/15/35)(c)		327		259,174
3.19%, 11/15/36 (Call 08/15/36)(c)		254		198,507
3.42%, 04/15/33 (Call 01/15/33)(c)		431		368,049
3.47%, 04/15/34 (Call 01/15/34)(c)		522		440,745
3.50%, 02/15/41 (Call 08/15/40)(c)		430		328,539
3.75%, 02/15/51 (Call 08/15/50)(c)		672		502,439
4.15%, 11/15/30 (Call 08/15/30)		53		49,547
4.30%, 11/15/32 (Call 08/15/32)(a)		165		152,793
4.93%, 05/15/37 (Call 02/15/37)(c)		615		573,034
5.00%, 04/15/30 (Call 01/15/30)		212		211,258
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		899		781,951
2.45%, 11/15/29 (Call 08/15/29)		174		152,378
2.60%, 05/19/26 (Call 02/19/26)		761		723,818
3.05%, 08/12/51 (Call 02/12/51)(a)		270		178,427
3.10%, 02/15/60 (Call 08/15/59)		187		118,198
3.15%, 05/11/27 (Call 02/11/27)		658		623,535
3.20%, 08/12/61 (Call 02/12/61)		143		91,999
3.25%, 11/15/49 (Call 05/15/49)		348		240,437
3.40%, 03/25/25 (Call 02/25/25)		727		712,953
3.70%, 07/29/25 (Call 04/29/25)		1,058		1,036,240
3.73%, 12/08/47 (Call 06/08/47)		283		214,499

Security	Par (000)		Value
Semiconductors (continued)
3.75%, 03/25/27 (Call 01/25/27)	$	582	$	562,928
3.75%, 08/05/27 (Call 07/05/27)		538		518,522
3.90%, 03/25/30 (Call 12/25/29)		115		108,129
4.00%, 08/05/29 (Call 06/05/29)(a)		15		14,341
4.00%, 12/15/32(a)		300		276,877
4.10%, 05/19/46 (Call 11/19/45)		171		141,210
4.10%, 05/11/47 (Call 11/11/46)		70		57,567
4.15%, 08/05/32 (Call 05/05/32)		100		93,973
4.25%, 12/15/42		157		133,848
4.60%, 03/25/40 (Call 09/25/39)(a)		10		9,277
4.75%, 03/25/50 (Call 09/25/49)		494		438,712
4.80%, 10/01/41		295		275,399
4.88%, 02/10/26		125		124,598
4.88%, 02/10/28 (Call 01/10/28)		75		74,791
4.90%, 07/29/45 (Call 01/29/45)(a)		380		359,437
4.90%, 08/05/52 (Call 02/05/52)		225		206,157
4.95%, 03/25/60 (Call 09/25/59)(a)		254		231,701
5.00%, 02/21/31 (Call 12/21/30)		105		104,342
5.05%, 08/05/62 (Call 02/05/62)		147		135,668
5.15%, 02/21/34 (Call 11/21/33)		135		133,675
5.20%, 02/10/33 (Call 11/10/32)(a)		705		705,301
5.60%, 02/21/54 (Call 08/21/53)		70		69,988
5.70%, 02/10/53 (Call 08/10/52)		245		247,586
5.90%, 02/10/63 (Call 08/10/62)		170		177,093
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		30		21,534
4.95%, 07/15/52 (Call 01/15/52)(a)		30		28,438
5.00%, 03/15/49 (Call 09/15/48)		10		9,611
5.25%, 07/15/62 (Call 01/15/62)		120		116,594
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		785		658,779
2.88%, 06/15/50 (Call 12/15/49)(a)		196		132,514
3.13%, 06/15/60 (Call 12/15/59)		167		109,483
3.75%, 03/15/26 (Call 01/15/26)		234		228,364
3.80%, 03/15/25 (Call 12/15/24)		374		368,520
4.00%, 03/15/29 (Call 12/15/28)		773		744,883
4.88%, 03/15/49 (Call 09/15/48)		251		236,171
Marvell Technology Inc.
2.95%, 04/15/31 (Call 01/15/31)		85		72,791
5.75%, 02/15/29 (Call 01/15/29)		15		15,285
5.95%, 09/15/33 (Call 06/15/33)		75		77,343
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)		160		131,258
3.48%, 11/01/51 (Call 05/01/51)		250		173,661
4.66%, 02/15/30 (Call 11/15/29)		15		14,486
5.33%, 02/06/29 (Call 11/06/28)		56		56,055
5.88%, 02/09/33 (Call 11/09/32)		120		122,466
NVIDIA Corp.
2.00%, 06/15/31 (Call 03/15/31)(a)		1,578		1,318,262
2.85%, 04/01/30 (Call 01/01/30)		1,799		1,619,990
3.20%, 09/16/26 (Call 06/16/26)(a)		5,130		4,944,977
NXP BV/NXP Funding LLC
5.35%, 03/01/26 (Call 01/01/26)(a)		130		129,792
5.55%, 12/01/28 (Call 09/01/28)		460		465,067
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)		188		155,647
2.65%, 02/15/32 (Call 11/15/31)		215		176,505
3.13%, 02/15/42 (Call 08/15/41)		35		24,876
3.15%, 05/01/27 (Call 03/01/27)		67		62,988
3.25%, 05/11/41 (Call 11/11/40)		185		135,953
3.25%, 11/30/51 (Call 05/30/51)		195		131,156

118 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
3.40%, 05/01/30 (Call 02/01/30)	$	125	$	111,899
4.30%, 06/18/29 (Call 03/18/29)		267		254,891
4.40%, 06/01/27 (Call 05/01/27)(a)		45		43,962
5.00%, 01/15/33 (Call 10/15/32)		280		270,575
Qorvo Inc., 4.38%, 10/15/29 (Call 10/15/24)		55		51,148
QUALCOMM Inc.
4.30%, 05/20/47 (Call 11/20/46)		260		225,360
4.50%, 05/20/52 (Call 11/20/51)		170		149,736
4.65%, 05/20/35 (Call 11/20/34)		90		87,994
4.80%, 05/20/45 (Call 11/20/44)(a)		182		170,812
6.00%, 05/20/53 (Call 11/20/52)		145		158,959
Texas Instruments Inc.
1.38%, 03/12/25 (Call 02/12/25)		868		834,936
1.75%, 05/04/30 (Call 02/04/30)		760		635,981
1.90%, 09/15/31 (Call 06/15/31)(a)		310		255,837
2.25%, 09/04/29 (Call 06/04/29)		953		841,054
2.70%, 09/15/51 (Call 03/15/51)(a)		303		194,456
2.90%, 11/03/27 (Call 08/03/27)(a)		513		481,531
3.65%, 08/16/32 (Call 05/16/32)		390		358,164
3.88%, 03/15/39 (Call 09/15/38)		92		80,872
4.15%, 05/15/48 (Call 11/15/47)		444		377,043
4.60%, 02/08/27 (Call 01/08/27)		75		74,741
4.60%, 02/15/28 (Call 01/15/28)		575		573,959
4.60%, 02/08/29 (Call 01/08/29)		75		74,595
4.85%, 02/08/34 (Call 11/08/33)(a)		575		571,551
5.05%, 05/18/63 (Call 11/18/62)		35		33,477
5.15%, 02/08/54 (Call 08/08/53)(a)		75		74,314
TSMC Arizona Corp.
2.50%, 10/25/31 (Call 07/25/31)		230		194,700
3.25%, 10/25/51 (Call 04/25/51)		355		269,107
3.88%, 04/22/27 (Call 03/22/27)		35		33,930
4.13%, 04/22/29 (Call 02/22/29)		100		96,681
4.25%, 04/22/32 (Call 01/22/32)		310		299,369
4.50%, 04/22/52 (Call 10/22/51)		290		278,813
				35,623,252
Shipbuilding — 0.1%
Huntington Ingalls Industries Inc.
2.04%, 08/16/28 (Call 06/16/28)		250		217,358
3.48%, 12/01/27 (Call 09/01/27)		209		195,815
3.84%, 05/01/25 (Call 04/01/25)		132		129,121
4.20%, 05/01/30 (Call 02/01/30)		280		263,242
				805,536
Software — 3.3%
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)		725		674,854
2.30%, 02/01/30 (Call 11/01/29)		2,764		2,411,060
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)		1,155		958,115
2.85%, 01/15/30 (Call 10/15/29)		177		156,903
3.50%, 06/15/27 (Call 03/15/27)		1,033		987,700
4.38%, 06/15/25 (Call 03/15/25)		368		363,802
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		20		16,757
3.40%, 06/27/26 (Call 03/27/26)		2,000		1,911,611
Electronic Arts Inc.
1.85%, 02/15/31 (Call 11/15/30)		365		297,081
2.95%, 02/15/51 (Call 08/15/50)		365		242,561
Fidelity National Information Services Inc.
4.50%, 08/15/46 (Call 02/15/46)		17		13,934
5.10%, 07/15/32 (Call 04/15/32)(a)		530		529,678

Security	Par (000)		Value
Software (continued)
5.63%, 07/15/52 (Call 01/15/52)(a)	$	125	$	123,632
Fiserv Inc.
3.50%, 07/01/29 (Call 04/01/29)		15		13,793
4.40%, 07/01/49 (Call 01/01/49)		397		332,026
5.63%, 08/21/33 (Call 05/21/33)		20		20,225
Intuit Inc.
1.65%, 07/15/30 (Call 04/15/30)		140		114,799
5.20%, 09/15/33 (Call 06/15/33)		410		414,096
5.50%, 09/15/53 (Call 03/15/53)		200		206,244
Microsoft Corp.
2.40%, 08/08/26 (Call 05/08/26)		1,846		1,747,479
2.50%, 09/15/50 (Call 03/15/50)(c)		27		17,131
2.53%, 06/01/50 (Call 12/01/49)		241		155,299
2.68%, 06/01/60 (Call 12/01/59)		347		219,133
2.92%, 03/17/52 (Call 09/17/51)		653		450,668
3.04%, 03/17/62 (Call 09/17/61)		190		129,200
3.13%, 11/03/25 (Call 08/03/25)		1,739		1,690,348
3.30%, 02/06/27 (Call 11/06/26)		1,731		1,672,051
3.40%, 06/15/27 (Call 03/15/27)(a)(c)		20		19,195
3.45%, 08/08/36 (Call 02/08/36)		503		443,090
3.50%, 02/12/35 (Call 08/12/34)		1,472		1,335,440
3.50%, 11/15/42		20		16,761
3.95%, 08/08/56 (Call 02/08/56)		355		298,823
4.00%, 02/12/55 (Call 08/12/54)(a)		505		438,076
4.10%, 02/06/37 (Call 08/06/36)		420		395,692
4.20%, 11/03/35 (Call 05/03/35)		110		106,303
4.25%, 02/06/47 (Call 08/06/46)(a)		260		239,489
4.45%, 11/03/45 (Call 05/03/45)		35		33,371
4.50%, 10/01/40		50		48,891
4.50%, 02/06/57 (Call 08/06/56)		170		160,566
5.30%, 02/08/41(a)		135		144,399
Oracle Corp.
3.25%, 05/15/30 (Call 02/15/30)(a)		97		86,940
3.60%, 04/01/40 (Call 10/01/39)		185		142,835
3.60%, 04/01/50 (Call 10/01/49)		694		488,444
3.80%, 11/15/37 (Call 05/15/37)		97		79,782
3.85%, 07/15/36 (Call 01/15/36)		309		259,754
3.85%, 04/01/60 (Call 10/01/59)		612		425,144
3.90%, 05/15/35 (Call 11/15/34)		354		303,862
3.95%, 03/25/51 (Call 09/25/50)		554		412,914
4.00%, 07/15/46 (Call 01/15/46)		646		496,904
4.00%, 11/15/47 (Call 05/15/47)		468		357,813
4.10%, 03/25/61 (Call 09/25/60)		312		228,362
4.13%, 05/15/45 (Call 11/15/44)		341		269,405
4.30%, 07/08/34 (Call 01/08/34)		490		444,276
4.38%, 05/15/55 (Call 11/15/54)		412		322,834
4.50%, 07/08/44 (Call 01/08/44)		217		182,130
4.90%, 02/06/33 (Call 11/06/32)		95		91,729
5.38%, 07/15/40		501		479,173
5.55%, 02/06/53 (Call 08/06/52)		350		335,003
6.13%, 07/08/39		276		284,024
6.25%, 11/09/32 (Call 08/09/32)		630		665,230
6.50%, 04/15/38		329		351,384
6.90%, 11/09/52 (Call 05/09/52)		385		434,389
Roper Technologies Inc.
2.95%, 09/15/29 (Call 06/15/29)		6		5,371
3.80%, 12/15/26 (Call 09/15/26)		64		61,863
Salesforce Inc.
2.90%, 07/15/51 (Call 01/15/51)		348		231,472
3.70%, 04/11/28 (Call 01/11/28)		4,439		4,283,295
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30)		250		200,541

S C H E D U L E  O F  I N V E S T M E N T S 119

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
VMware LLC
3.90%, 08/21/27 (Call 05/21/27)	$	517	$	492,945
4.65%, 05/15/27 (Call 03/15/27)		82		80,268
4.70%, 05/15/30 (Call 02/15/30)		587		564,481
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		15		14,279
3.70%, 04/01/29 (Call 02/01/29)		470		439,274
3.80%, 04/01/32 (Call 01/01/32)		641		579,413
				33,645,809
Telecommunications — 3.9%
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)		50		43,817
4.38%, 07/16/42		85		73,567
4.38%, 04/22/49 (Call 10/22/48)		255		219,259
4.70%, 07/21/32 (Call 04/21/32)		215		206,232
6.13%, 11/15/37		85		89,251
6.13%, 03/30/40		340		355,816
6.38%, 03/01/35(a)		212		229,703
AT&T Inc.
3.30%, 02/01/52 (Call 08/01/51)(a)		340		230,579
3.50%, 09/15/53 (Call 03/15/53)		1,085		746,441
3.50%, 02/01/61 (Call 08/01/60)		205		136,826
3.55%, 09/15/55 (Call 03/15/55)		1,190		810,750
3.65%, 06/01/51 (Call 12/01/50)		465		332,568
3.65%, 09/15/59 (Call 03/15/59)		988		669,516
3.80%, 12/01/57 (Call 06/01/57)		1,008		711,259
3.85%, 06/01/60 (Call 12/01/59)(a)		207		146,169
4.10%, 02/15/28 (Call 11/15/27)		10		9,641
4.30%, 12/15/42 (Call 06/15/42)		320		270,175
4.35%, 03/01/29 (Call 12/01/28)		10		9,659
4.35%, 06/15/45 (Call 12/15/44)		172		143,904
4.50%, 05/15/35 (Call 11/15/34)		634		583,375
4.50%, 03/09/48 (Call 09/09/47)		261		218,070
4.55%, 03/09/49 (Call 09/09/48)		231		193,796
4.65%, 06/01/44 (Call 12/01/43)		27		23,219
4.75%, 05/15/46 (Call 11/15/45)		353		309,030
4.80%, 06/15/44 (Call 12/15/43)		117		103,415
4.85%, 03/01/39 (Call 09/01/38)		152		139,931
4.85%, 07/15/45 (Call 01/15/45)(a)		25		22,126
4.90%, 08/15/37 (Call 02/14/37)		78		72,928
5.15%, 03/15/42(a)		102		97,140
5.15%, 11/15/46 (Call 05/15/46)		215		199,028
5.15%, 02/15/50 (Call 08/14/49)		181		165,519
5.25%, 03/01/37 (Call 09/01/36)		408		396,086
5.35%, 09/01/40(a)		202		194,665
5.45%, 03/01/47 (Call 09/01/46)		160		155,463
5.55%, 08/15/41(a)		132		131,475
5.65%, 02/15/47 (Call 08/15/46)(a)		235		235,408
5.70%, 03/01/57 (Call 09/01/56)(a)		159		155,792
6.00%, 08/15/40 (Call 05/15/40)		88		90,211
6.30%, 01/15/38		125		132,133
6.38%, 03/01/41(a)		50		52,609
6.55%, 02/15/39		5		5,374
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52 (Call 02/15/52)		75		55,137
4.30%, 07/29/49 (Call 01/29/49)		28		23,042
4.46%, 04/01/48 (Call 10/01/47)		96		81,596
Series US-6, 3.20%, 02/15/52 (Call 08/15/51)		70		47,013
British Telecommunications PLC
5.13%, 12/04/28 (Call 09/04/28)(a)		397		399,035
9.63%, 12/15/30		1,301		1,591,061

Security	Par (000)		Value
Telecommunications (continued)
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)	$	469	$	442,577
2.95%, 02/28/26		283		272,781
4.80%, 02/26/27 (Call 01/26/27)		200		200,046
4.85%, 02/26/29 (Call 01/26/29)		200		200,320
4.90%, 02/26/26		130		130,057
4.95%, 02/26/31 (Call 12/26/30)		150		150,127
5.05%, 02/26/34 (Call 11/26/33)		145		145,750
5.30%, 02/26/54 (Call 08/26/53)		195		197,327
5.35%, 02/26/64 (Call 08/26/63)		210		211,543
5.50%, 01/15/40(a)		619		639,040
5.90%, 02/15/39		612		656,760
Corning Inc.
4.38%, 11/15/57 (Call 05/15/57)(a)		220		180,972
5.45%, 11/15/79 (Call 05/19/79)		182		168,088
5.75%, 08/15/40		10		9,995
5.85%, 11/15/68 (Call 05/15/68)		23		22,628
Deutsche Telekom International Finance BV
8.75%, 06/15/30		345		406,847
9.25%, 06/01/32		10		12,620
Juniper Networks Inc.
3.75%, 08/15/29 (Call 05/15/29)		17		15,757
5.95%, 03/15/41		110		108,821
Koninklijke KPN NV, 8.38%, 10/01/30		969		1,129,480
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		55		45,294
4.60%, 02/23/28 (Call 11/23/27)		231		226,597
4.60%, 05/23/29 (Call 02/23/29)		127		123,462
5.50%, 09/01/44		30		28,511
5.60%, 06/01/32 (Call 03/01/32)		95		95,291
Nokia OYJ, 4.38%, 06/12/27(a)		805		771,515
Orange SA
5.38%, 01/13/42		215		211,457
5.50%, 02/06/44 (Call 08/06/43)		165		164,630
9.00%, 03/01/31		852		1,029,578
Rogers Communications Inc.
3.70%, 11/15/49 (Call 05/15/49)(a)		245		176,024
4.30%, 02/15/48 (Call 08/15/47)		158		126,231
4.35%, 05/01/49 (Call 11/01/48)(a)		273		219,263
4.50%, 03/15/43 (Call 09/15/42)		90		76,113
4.55%, 03/15/52 (Call 09/15/51)		155		127,920
5.00%, 03/15/44 (Call 09/15/43)		252		227,284
5.45%, 10/01/43 (Call 04/01/43)		165		157,801
7.50%, 08/15/38		237		272,536
Sprint Capital Corp., 8.75%, 03/15/32		200		241,683
Telefonica Emisiones SA
4.10%, 03/08/27		297		287,632
4.67%, 03/06/38		10		8,918
4.90%, 03/06/48		200		171,390
5.21%, 03/08/47		428		384,588
5.52%, 03/01/49 (Call 09/01/48)		150		139,929
7.05%, 06/20/36		526		579,555
Telefonica Europe BV, 8.25%, 09/15/30		324		367,746
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		987		924,655
3.70%, 09/15/27 (Call 06/15/27)		776		736,568
4.30%, 06/15/49 (Call 12/15/48)		37		30,065
4.60%, 11/16/48 (Call 05/16/48)(a)		229		195,690
T-Mobile USA Inc.
2.63%, 02/15/29 (Call 03/11/24)		5		4,441
2.88%, 02/15/31 (Call 02/15/26)		425		365,596

120 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
3.00%, 02/15/41 (Call 08/15/40)	$	170	$	122,684
3.30%, 02/15/51 (Call 08/15/50)		641		440,914
3.38%, 04/15/29 (Call 04/15/24)		80		73,478
3.40%, 10/15/52 (Call 04/15/52)		525		364,603
3.50%, 04/15/31 (Call 04/15/26)		780		697,992
3.60%, 11/15/60 (Call 05/15/60)		491		338,368
3.75%, 04/15/27 (Call 02/15/27)		15		14,379
3.88%, 04/15/30 (Call 01/15/30)		547		507,918
4.38%, 04/15/40 (Call 10/15/39)		255		223,527
4.50%, 04/15/50 (Call 10/15/49)		720		608,625
5.20%, 01/15/33 (Call 10/15/32)		67		66,571
5.65%, 01/15/53 (Call 07/15/52)		205		203,497
5.80%, 09/15/62 (Call 03/15/62)		160		161,982
Verizon Communications Inc.
2.36%, 03/15/32 (Call 12/15/31)		250		202,486
2.55%, 03/21/31 (Call 12/21/30)		360		303,288
2.88%, 11/20/50 (Call 05/20/50)		446		284,169
2.99%, 10/30/56 (Call 04/30/56)		733		455,667
3.00%, 11/20/60 (Call 05/20/60)(a)		362		219,757
3.15%, 03/22/30 (Call 12/22/29)		43		38,494
3.55%, 03/22/51 (Call 09/22/50)		650		471,991
3.70%, 03/22/61 (Call 09/22/60)		688		489,374
3.85%, 11/01/42 (Call 05/01/42)		138		110,991
3.88%, 02/08/29 (Call 11/08/28)(a)		22		20,902
4.00%, 03/22/50 (Call 09/22/49)		66		52,051
4.02%, 12/03/29 (Call 09/03/29)		74		70,239
4.13%, 03/16/27		104		101,145
4.13%, 08/15/46		255		208,696
4.27%, 01/15/36		770		698,969
4.33%, 09/21/28		11		10,679
4.40%, 11/01/34 (Call 05/01/34)		478		444,291
4.50%, 08/10/33		518		488,124
4.52%, 09/15/48		340		297,490
4.67%, 03/15/55		265		233,714
4.75%, 11/01/41		146		134,358
4.81%, 03/15/39		338		315,236
4.86%, 08/21/46(a)		612		561,829
5.01%, 04/15/49(a)		95		92,350
5.01%, 08/21/54		255		236,367
5.05%, 05/09/33 (Call 02/09/33)(a)		85		84,150
5.25%, 03/16/37		832		829,439
5.50%, 03/16/47(a)		282		283,844
5.85%, 09/15/35		95		99,206
6.40%, 09/15/33		75		80,613
6.55%, 09/15/43		270		300,772
7.75%, 12/01/30		25		28,521
Vodafone Group PLC
4.25%, 09/17/50		361		284,375
4.38%, 05/30/28(a)		260		255,544
4.38%, 02/19/43		317		266,846
4.88%, 06/19/49		366		316,807
5.00%, 05/30/38(a)		95		91,510
5.25%, 05/30/48(a)		245		227,245
6.15%, 02/27/37		378		394,521
6.25%, 11/30/32		153		162,427
7.88%, 02/15/30		462		523,826
				39,725,149
Toys, Games & Hobbies — 0.2%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)(a)		547		513,254
3.55%, 11/19/26 (Call 09/19/26)		1,282		1,215,760

Security	Par (000)		Value
Toys, Games & Hobbies (continued)
3.90%, 11/19/29 (Call 08/19/29)	$	775	$	711,119
Mattel Inc., 5.45%, 11/01/41 (Call 05/01/41)		30		27,221
				2,467,354
Transportation — 2.0%
Burlington Northern Santa Fe LLC
3.05%, 02/15/51 (Call 08/15/50)		229		155,118
3.55%, 02/15/50 (Call 08/15/49)		298		224,449
3.90%, 08/01/46 (Call 02/01/46)		145		116,699
4.05%, 06/15/48 (Call 12/15/47)		190		156,708
4.13%, 06/15/47 (Call 12/15/46)		185		154,711
4.15%, 12/15/48 (Call 06/15/48)		189		157,430
4.40%, 03/15/42 (Call 09/15/41)		10		8,888
4.70%, 09/01/45 (Call 03/01/45)		63		57,571
4.90%, 04/01/44 (Call 10/01/43)		15		14,153
4.95%, 09/15/41 (Call 03/15/41)		58		55,276
5.05%, 03/01/41 (Call 09/01/40)		40		38,783
5.20%, 04/15/54 (Call 10/15/53)		15		14,658
5.40%, 06/01/41 (Call 12/01/40)(a)		20		20,128
5.75%, 05/01/40 (Call 11/01/39)		41		42,855
6.15%, 05/01/37		25		27,274
6.20%, 08/15/36		15		16,394
Canadian National Railway Co.
2.45%, 05/01/50 (Call 11/01/49)		330		205,768
3.20%, 08/02/46 (Call 02/02/46)		365		270,571
3.65%, 02/03/48 (Call 08/03/47)		406		321,577
4.45%, 01/20/49 (Call 07/20/48)		255		227,752
5.85%, 11/01/33 (Call 08/01/33)		55		58,373
6.20%, 06/01/36		208		226,649
6.25%, 08/01/34		187		204,197
6.38%, 11/15/37(a)		162		177,375
Canadian Pacific Railway Co.
2.05%, 03/05/30 (Call 12/05/29)		152		128,095
3.10%, 12/02/51 (Call 06/02/51)		495		336,707
4.20%, 11/15/69 (Call 05/15/69)		170		133,001
4.80%, 09/15/35 (Call 03/15/35)		53		50,704
4.80%, 08/01/45 (Call 02/01/45)		175		158,366
5.95%, 05/15/37		31		32,040
6.13%, 09/15/2115 (Call 03/15/2115)		149		156,607
7.13%, 10/15/31(a)		32		35,750
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28)		1,700		1,638,934
CSX Corp.
2.40%, 02/15/30 (Call 11/15/29)(a)		191		165,783
2.60%, 11/01/26 (Call 08/01/26)		60		56,584
3.35%, 09/15/49 (Call 03/15/49)		166		118,886
3.80%, 11/01/46 (Call 05/01/46)		188		148,028
3.80%, 04/15/50 (Call 10/15/49)		96		74,551
3.95%, 05/01/50 (Call 11/01/49)		204		163,021
4.10%, 03/15/44 (Call 09/15/43)		181		152,174
4.25%, 03/15/29 (Call 12/15/28)		468		455,841
4.25%, 11/01/66 (Call 05/01/66)		237		188,806
4.30%, 03/01/48 (Call 09/01/47)		250		213,248
4.40%, 03/01/43 (Call 09/01/42)		39		34,572
4.50%, 03/15/49 (Call 09/15/48)		163		142,279
4.50%, 08/01/54 (Call 02/01/54)		115		100,051
4.65%, 03/01/68 (Call 09/01/67)		50		42,971
4.75%, 05/30/42 (Call 11/30/41)		149		137,212
4.75%, 11/15/48 (Call 05/15/48)		119		108,318
5.50%, 04/15/41 (Call 10/15/40)		133		134,204
6.00%, 10/01/36		56		59,591
6.15%, 05/01/37		145		157,085

S C H E D U L E  O F  I N V E S T M E N T S 121

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
6.22%, 04/30/40	$	115	$	124,600
FedEx Corp.
3.10%, 08/05/29 (Call 05/05/29)		44		39,914
3.88%, 08/01/42		82		65,098
3.90%, 02/01/35		35		30,808
4.05%, 02/15/48 (Call 08/15/47)		192		150,939
4.10%, 04/15/43		62		50,524
4.10%, 02/01/45		137		109,784
4.25%, 05/15/30 (Call 02/15/30)(a)		59		56,304
4.40%, 01/15/47 (Call 07/15/46)		143		118,612
4.55%, 04/01/46 (Call 10/01/45)		299		254,657
4.75%, 11/15/45 (Call 05/15/45)		303		265,195
4.90%, 01/15/34		39		37,876
4.95%, 10/17/48 (Call 04/17/48)		87		78,328
5.10%, 01/15/44		168		155,335
5.25%, 05/15/50 (Call 11/15/49)(a)		313		295,354
Norfolk Southern Corp.
2.55%, 11/01/29 (Call 08/01/29)(a)		173		152,032
2.90%, 08/25/51 (Call 02/25/51)		190		122,172
3.16%, 05/15/55 (Call 11/15/54)		120		78,610
3.40%, 11/01/49 (Call 05/01/49)		159		115,426
3.65%, 08/01/25 (Call 06/01/25)(a)		58		56,730
3.70%, 03/15/53 (Call 09/15/52)		60		44,616
3.80%, 08/01/28 (Call 05/01/28)		275		263,089
3.94%, 11/01/47 (Call 05/01/47)		284		224,327
3.95%, 10/01/42 (Call 04/01/42)		178		145,971
4.05%, 08/15/52 (Call 02/15/52)		355		282,890
4.10%, 05/15/49 (Call 11/15/48)		129		104,755
4.10%, 05/15/2121 (Call 11/15/2120)		95		68,558
4.15%, 02/28/48 (Call 08/28/47)		228		188,439
4.45%, 06/15/45 (Call 12/15/44)		143		123,127
4.65%, 01/15/46 (Call 07/15/45)		123		108,956
4.84%, 10/01/41		233		217,107
5.05%, 08/01/30 (Call 06/01/30)		90		89,875
5.10%, 12/31/49 (Call 02/01/2118)		10		8,688
7.80%, 05/15/27(a)		30		32,513
Ryder System Inc.
2.85%, 03/01/27 (Call 02/01/27)		25		23,379
2.90%, 12/01/26 (Call 10/01/26)		319		299,727
4.63%, 06/01/25 (Call 05/01/25)		170		168,397
5.25%, 06/01/28 (Call 05/01/28)(a)		345		345,521
5.30%, 03/15/27 (Call 02/15/27)		75		75,098
5.38%, 03/15/29 (Call 02/15/29)		100		99,890
5.65%, 03/01/28 (Call 02/01/28)		530		538,806
6.30%, 12/01/28 (Call 11/01/28)		500		521,011
6.60%, 12/01/33 (Call 09/01/33)		455		487,166
Union Pacific Corp.
2.95%, 03/10/52 (Call 09/10/51)		130		86,912
2.97%, 09/16/62 (Call 03/16/62)		210		129,900
3.25%, 02/05/50 (Call 08/05/49)		392		282,754
3.35%, 08/15/46 (Call 02/15/46)		88		63,543
3.38%, 02/01/35 (Call 08/01/34)		85		72,548
3.50%, 02/14/53 (Call 08/14/52)		230		171,049
3.55%, 05/20/61 (Call 11/20/60)		80		57,040
3.75%, 02/05/70 (Call 08/05/69)		158		115,477
3.80%, 10/01/51 (Call 04/01/51)		311		245,234
3.80%, 04/06/71 (Call 10/06/70)		203		148,592
3.84%, 03/20/60 (Call 09/20/59)		280		212,302
3.85%, 02/14/72 (Call 08/14/71)		107		79,270
3.88%, 02/01/55 (Call 08/01/54)		203		157,552
3.95%, 08/15/59 (Call 02/15/59)		193		149,699

Security	Par (000)		Value
Transportation (continued)
4.00%, 04/15/47 (Call 10/15/46)	$	148	$	120,303
4.05%, 11/15/45 (Call 05/15/45)		77		63,092
4.05%, 03/01/46 (Call 09/01/45)		180		148,193
4.10%, 09/15/67 (Call 03/15/67)(a)		176		138,267
4.30%, 03/01/49 (Call 09/01/48)		233		197,488
4.50%, 09/10/48 (Call 03/10/48)		248		217,451
6.63%, 02/01/29		28		30,260
United Parcel Service Inc.
2.50%, 09/01/29 (Call 06/01/29)		20		17,839
3.40%, 03/15/29 (Call 12/15/28)		122		115,128
3.40%, 11/15/46 (Call 05/15/46)		125		95,486
3.40%, 09/01/49 (Call 03/01/49)(a)		287		214,369
3.63%, 10/01/42		86		69,582
3.75%, 11/15/47 (Call 05/15/47)		376		297,409
4.25%, 03/15/49 (Call 09/15/48)		281		241,508
4.45%, 04/01/30 (Call 01/01/30)(a)		87		85,506
4.88%, 11/15/40 (Call 05/15/40)		303		290,397
5.20%, 04/01/40 (Call 10/01/39)		150		149,065
5.30%, 04/01/50 (Call 10/01/49)		240		240,653
6.20%, 01/15/38		709		775,339
				20,576,177
Trucking & Leasing — 0.1%
GATX Corp.
3.10%, 06/01/51 (Call 12/01/50)(a)		100		64,268
3.25%, 03/30/25 (Call 12/30/24)(a)		93		90,674
3.25%, 09/15/26 (Call 06/15/26)		20		19,060
3.50%, 03/15/28 (Call 12/15/27)(a)		29		27,197
3.50%, 06/01/32 (Call 03/01/32)		55		47,558
3.85%, 03/30/27 (Call 12/30/26)		48		46,046
4.55%, 11/07/28 (Call 08/07/28)(a)		78		76,162
4.70%, 04/01/29 (Call 01/01/29)(a)		53		51,814
4.90%, 03/15/33 (Call 12/15/32)		180		171,904
5.20%, 03/15/44 (Call 09/15/43)(a)		92		83,969
5.40%, 03/15/27 (Call 02/15/27)		25		25,047
5.45%, 09/15/33 (Call 06/15/33)		110		109,548
6.05%, 03/15/34 (Call 12/15/33)		190		194,504
6.90%, 05/01/34 (Call 02/01/34)		100		108,755
				1,116,506
Venture Capital — 0.0%
Hercules Capital Inc., 3.38%, 01/20/27 (Call 12/20/26)		120		108,820
Water — 0.2%
American Water Capital Corp.
2.80%, 05/01/30 (Call 02/01/30)		106		92,778
3.45%, 06/01/29 (Call 03/01/29)		127		118,062
3.45%, 05/01/50 (Call 11/01/49)		298		217,950
3.75%, 09/01/28 (Call 06/01/28)		89		84,430
3.75%, 09/01/47 (Call 03/01/47)		91		70,626
4.00%, 12/01/46 (Call 06/01/46)		205		165,855
4.15%, 06/01/49 (Call 12/01/48)		238		196,721
4.20%, 09/01/48 (Call 03/01/48)		307		257,815
4.30%, 12/01/42 (Call 06/01/42)		87		75,966
4.30%, 09/01/45 (Call 03/01/45)		115		98,114
6.59%, 10/15/37		192		215,588
Essential Utilities Inc.
2.70%, 04/15/30 (Call 01/15/30)		89		76,594
3.35%, 04/15/50 (Call 10/15/49)		209		144,491
3.57%, 05/01/29 (Call 02/01/29)		89		82,507
4.28%, 05/01/49 (Call 11/01/48)(a)		366		294,852
5.30%, 05/01/52 (Call 11/01/51)		177		164,374

122 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Water (continued)
5.38%, 01/15/34 (Call 10/15/33)	$	50	$	49,123
United Utilities PLC, 6.88%, 08/15/28		55		58,262
				2,464,108
Total Long-Term Investments — 98.5% (Cost: $1,108,705,152)				1,005,099,502
	Shares
Short-Term Securities
Money Market Funds — 8.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(d)(e)(f)		83,503,433		83,545,184
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(d)(e)		860,000		860,000
Total Short-Term Securities — 8.3% (Cost: $84,376,156)				84,405,184
Total Investments — 106.8% (Cost: $1,193,081,308)				1,089,504,686
Liabilities in Excess of Other Assets — (6.8)%				(69,071,521	)
Net Assets — 100.0%			$	1,020,433,165

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

^(b)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(c)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

	Affiliated Issuer	Value at 02/28/23		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
	BlackRock Cash Funds: Institutional, SL Agency Shares	$	85,290,166	$	—	$	(1,733,262	)(a)	$	(6,148	)	$	(5,572	)	$	83,545,184		83,503,433	$	404,219	(b)	$	—
	BlackRock Cash Funds: Treasury, SL Agency Shares		13,040,000		—		(12,180,000	)(a)		—			—			860,000		860,000		175,837			—
									$	(6,148	)	$	(5,572	)	$	84,405,184			$	580,056		$	—

^(a)  Represents net amount purchased (sold).

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

S C H E D U L E  O F  I N V E S T M E N T S 123

Schedule of Investments  (continued) February 29, 2024 iShares^® ESG Aware USD Corporate Bond ETF

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	1,005,099,502	$	—	$	1,005,099,502
Short-Term Securities
Money Market Funds		84,405,184		—		—		84,405,184
	$	84,405,184	$	1,005,099,502	$	—	$	1,089,504,686

See notes to financial statements.

124 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Assets and Liabilities

February 29, 2024

	iShares ESG Aware 1-5 Year USD Corporate Bond ETF			iShares ESG Aware U.S. Aggregate Bond ETF			iShares ESG Aware USD Corporate Bond ETF
ASSETS
Investments, at value — unaffiliated(a)(b)	$	852,759,963		$	3,526,877,168		$	1,005,099,502
Investments, at value — affiliated(c)		41,084,469			248,990,586			84,405,184
Cash		7,437			—			2,853
Receivables:
Investments sold		29,373,962			40,377,047			17,478,826
Securities lending income — affiliated		10,313			11,657			28,654
TBA sales commitments		—			14,107,235			—
Capital shares sold		—			674,287			18,566
Dividends — affiliated		3,993			912,491			6,057
Interest — unaffiliated		7,944,307			24,096,784			12,212,174
Total assets		931,184,444			3,856,047,255			1,119,251,816
LIABILITIES
Bank overdraft		—			1,572			—
Collateral on securities loaned, at value		39,742,708			42,373,063			83,560,913
TBA sales commitments, at value(d)		—			14,146,274			—
Payables:
Investments purchased		26,011,673			239,274,655			15,111,801
Capital shares redeemed		—			44,097			—
Investment advisory fees		82,328			267,670			145,937
Total liabilities		65,836,709			296,107,331			98,818,651
Commitments and contingent liabilities
NET ASSETS	$	865,347,735		$	3,559,939,924		$	1,020,433,165
NET ASSETS CONSIST OF
Paid-in capital	$	914,361,448		$	3,883,865,089		$	1,159,832,295
Accumulated loss		(49,013,713	)		(323,925,165	)		(139,399,130	)
NET ASSETS	$	865,347,735		$	3,559,939,924		$	1,020,433,165
NET ASSET VALUE
Shares outstanding		35,500,000			76,100,000			44,800,000
Net asset value	$	24.38		$	46.78		$	22.78
Shares authorized		Unlimited			Unlimited			Unlimited
Par value		None			None			None
(a)   Investments, at cost — unaffiliated	$	877,532,943		$	3,799,652,715		$	1,108,705,152
(b)   Securities loaned, at value	$	37,434,866		$	33,179,615		$	80,785,652
(c)   Investments, at cost — affiliated	$	41,070,813		$	248,894,392		$	84,376,156
(d)   Proceeds from TBA sales commitments	$	—		$	14,107,235		$	—

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 125

Statements of Operations

Year Ended February 29, 2024

	iShares ESG Aware 1-5 Year USD Corporate Bond ETF			iShares ESG Aware U.S. Aggregate Bond ETF			iShares ESG Aware USD Corporate Bond ETF
INVESTMENT INCOME
Dividends — affiliated	$	100,288		$	11,990,975		$	175,837
Interest — unaffiliated		26,671,866			100,273,311			44,632,834
Securities lending income — affiliated — net		159,855			173,241			404,219
Other income — unaffiliated		285			2,156			1,962
Total investment income		26,932,294			112,439,683			45,214,852
EXPENSES
Investment advisory		1,047,722			3,082,497			1,914,859
Interest expense		154			2,978			33
Total expenses		1,047,876			3,085,475			1,914,892
Less:
Investment advisory fees waived		—			(199,363	)		—
Total expenses after fees waived		1,047,876			2,886,112			1,914,892
Net investment income		25,884,418			109,553,571			43,299,960
REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Investments — unaffiliated		(12,557,852	)		(25,261,259	)		(16,051,017	)
Investments — affiliated		4,955			10,720			(6,148	)
Capital gain distributions from underlying funds — affiliated		—			189			—
In-kind redemptions — unaffiliated(a)		(3,126,282	)		(106,505	)		(12,007,299	)
		(15,679,179	)		(25,356,855	)		(28,064,464	)
Net change in unrealized appreciation (depreciation) on:
Investments — unaffiliated		37,057,070			15,135,257			50,856,271
Investments — affiliated		(15,401	)		2,139			(5,572	)
		37,041,669			15,137,396			50,850,699
Net realized and unrealized gain (loss)		21,362,490			(10,219,459	)		22,786,235
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	47,246,908		$	99,334,112		$	66,086,195

^(a) See Note 2 of the Notes to Financial Statements.

See notes to financial statements.

126 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Changes in Net Assets

	iShares ESG Aware 1-5 Year USD Corporate Bond ETF								iShares ESG Aware U.S. Aggregate Bond ETF
	Year Ended 02/29/24					Year Ended 02/28/23			Year Ended 02/29/24					Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income			$	25,884,418		$	17,407,822				$	109,553,571		$	48,605,484
Net realized loss				(15,679,179	)		(21,180,421	)				(25,356,855	)		(40,146,317	)
Net change in unrealized appreciation (depreciation)				37,041,669			(31,818,122	)				15,137,396			(217,929,876	)
Net increase (decrease) in net assets resulting from operations				47,246,908			(35,590,721	)				99,334,112			(209,470,709	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders				(25,633,094	)		(17,369,925	)				(104,458,748	)		(44,953,799	)
CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions				(59,757,531	)		(75,635,527	)				1,164,614,155			669,010,992
NET ASSETS
Total increase (decrease) in net assets				(38,143,717	)		(128,596,173	)				1,159,489,519			414,586,484
Beginning of year				903,491,452			1,032,087,625					2,400,450,405			1,985,863,921
End of year			$	865,347,735		$	903,491,452				$	3,559,939,924		$	2,400,450,405

^(a) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 127

Statements of Changes in Net Assets (continued)

	iShares   ESG Aware USD Corporate Bond ETF
	Year Ended 02/29/24						Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income			$	43,299,960			$	28,089,619
Net realized loss				(28,064,464	)			(46,232,160	)
Net change in unrealized appreciation (depreciation)				50,850,699				(98,756,993	)
Net increase (decrease) in net assets resulting from operations				66,086,195				(116,899,534	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders				(43,445,842	)			(26,535,411	)
CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions				(142,110,104	)			385,322,539
NET ASSETS
Total increase (decrease) in net assets				(119,469,751	)			241,887,594
Beginning of year				1,139,902,916				898,015,322
End of year			$	1,020,433,165			$	1,139,902,916

^(a) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

128 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Financial Highlights

(For a share outstanding throughout each period)

	iShares ESG Aware 1-5 Year USD Corporate Bond ETF
	Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year	$	23.78		$	25.11		$	26.05		$	25.74		$	24.72
Net investment income(a)		0.71			0.44			0.27			0.44			0.70
Net realized and unrealized gain (loss)(b)		0.59			(1.33	)		(0.88	)		0.35			1.02
Net increase (decrease) from investment operations		1.30			(0.89	)		(0.61	)		0.79			1.72
Distributions(c)
From net investment income		(0.70	)		(0.44	)		(0.29	)		(0.47	)		(0.70	)
From net realized gain		—			—			(0.04	)		(0.01	)		—
Total distributions		(0.70	)		(0.44	)		(0.33	)		(0.48	)		(0.70	)
Net asset value, end of year	$	24.38		$	23.78		$	25.11		$	26.05		$	25.74
Total Return(d)
Based on net asset value		5.58	%		(3.58	)%		(2.33	)%		3.07	%		7.07	%
Ratios to Average Net Assets(e)
Total expenses		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Net investment income		2.96	%		1.83	%		1.06	%		1.68	%		2.75	%
Supplemental Data
Net assets, end of year (000)	$	865,348		$	903,491		$	1,032,088		$	652,486		$	271,577
Portfolio turnover rate(f)		31	%		30	%		37	%		38	%		24	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

F I N A N C I A L  H I G H L I G H T S 129

Financial Highlights (continued)

(For a share outstanding throughout each period)

	iShares ESG Aware U.S. Aggregate Bond ETF
	Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year	$	46.88		$	53.10		$	55.22		$	55.42		$	51.25
Net investment income(a)		1.66			1.12			0.62			0.74			1.44
Net realized and unrealized gain (loss)(b)		(0.17	)		(6.31	)		(2.15	)		0.04			4.38
Net increase (decrease) from investment operations		1.49			(5.19	)		(1.53	)		0.78			5.82
Distributions(c)
From net investment income		(1.59	)		(1.03	)		(0.59	)		(0.87	)		(1.48	)
From net realized gain		—			—			—			(0.11	)		(0.17	)
Total distributions		(1.59	)		(1.03	)		(0.59	)		(0.98	)		(1.65	)
Net asset value, end of year	$	46.78		$	46.88		$	53.10		$	55.22		$	55.42
Total Return(d)
Based on net asset value		3.22	%		(9.81	)%		(2.78	)%		1.39	%		11.52	%
Ratios to Average Net Assets(e)
Total expenses		0.10	%		0.10	%		0.10	%		0.10	%		0.10	%
Total expenses after fees waived		0.09	%		0.09	%		0.09	%		0.08	%		0.09	%
Net investment income		3.55	%		2.31	%		1.13	%		1.32	%		2.69	%
Supplemental Data
Net assets, end of year (000)	$	3,559,940		$	2,400,450		$	1,985,864		$	1,121,045		$	221,686
Portfolio turnover rate(f)(g)		156	%		158	%		234	%		384	%		266	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

^(g)  Includes mortgage dollar roll transactions (“MDRs”).

See notes to financial statements.

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Financial Highlights (continued)

(For a share outstanding throughout each period)

	iShares ESG Aware USD Corporate Bond ETF
	Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year	$	22.42		$	25.84		$	27.42		$	27.30		$	24.31
Net investment income(a)		0.91			0.71			0.54			0.58			0.82
Net realized and unrealized gain (loss)(b)		0.37			(3.46	)		(1.51	)		0.14			2.97
Net increase (decrease) from investment operations		1.28			(2.75	)		(0.97	)		0.72			3.79
Distributions(c)
From net investment income		(0.92	)		(0.67	)		(0.56	)		(0.60	)		(0.80	)
From net realized gain		—			—			(0.05	)		—			—
Total distributions		(0.92	)		(0.67	)		(0.61	)		(0.60	)		(0.80	)
Net asset value, end of year	$	22.78		$	22.42		$	25.84		$	27.42		$	27.30
Total Return(d)
Based on net asset value		5.82	%		(10.71	)%		(3.60	)%		2.64	%		15.85	%
Ratios to Average Net Assets(e)
Total expenses		0.18	%		0.18	%		0.18	%		0.18	%		0.18	%
Net investment income		4.07	%		3.05	%		2.00	%		2.08	%		3.14	%
Supplemental Data
Net assets, end of year (000)	$	1,020,433		$	1,139,903		$	898,015		$	827,938		$	126,955
Portfolio turnover rate(f)		19	%		23	%		17	%		25	%		11	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

F I N A N C I A L  H I G H L I G H T S 131

Notes to Financial Statements

1. ORGANIZATION

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

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

iShares ETF	Diversification  Classification
ESG Aware 1-5 Year USD Corporate Bond		Diversified
ESG Aware U.S. Aggregate Bond		Diversified
ESG Aware USD Corporate Bond		Diversified

2. SIGNIFICANT ACCOUNTING POLICIES

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

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the “trade dates”). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

Bank Overdraft: Certain Funds had outstanding cash disbursements exceeding deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

Collateralization: If required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments.

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

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

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

3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

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

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

• Fixed-income investments for which market quotations are readily available are generally valued using the last available bid price or current market quotations provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g.,

132 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV.

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

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

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

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

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

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

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

4. SECURITIES AND OTHER INVESTMENTS

Asset-Backed and Mortgage-Backed Securities: Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the “Mortgage Assets”) there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower’s ability to repay its loans.

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 133

Notes to Financial Statements (continued)

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

TBA Commitments: TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the “in-the-money” party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Funds’ investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statements of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

Mortgage Dollar Roll Transactions: Certain Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

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

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

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

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Notes to Financial Statements (continued)

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

iShares ETF and Counterparty		Securities Loaned at Value		Cash Collateral Received	(a)		Non-Cash Collateral Received, at Fair Value	(a)		Net Amount
ESG Aware 1-5 Year USD Corporate Bond
Barclays Bank PLC	$	13,407,575	$	(13,407,575	)	$	—		$	—
BMO Capital Markets Corp.		1,235,264		(1,235,264	)		—			—
BNP Paribas SA		154,072		(154,072	)		—			—
BofA Securities, Inc.		1,609,958		(1,609,958	)		—			—
Citigroup Global Markets, Inc.		998,204		(998,204	)		—			—
J.P. Morgan Securities LLC		8,672,627		(8,672,627	)		—			—
Jefferies LLC		356,477		(356,477	)		—			—
Mizuho Securities USA LLC		3,059		(3,059	)		—			—
Morgan Stanley		6,050,776		(6,050,776	)		—			—
RBC Capital Markets LLC		2,668,557		(2,668,557	)		—			—
Scotia Capital (USA), Inc.		374,394		(374,394	)		—			—
State Street Bank & Trust Co.		1,089,469		(1,089,469	)		—			—
Wells Fargo Securities LLC		814,434		(814,434	)		—			—
	$	37,434,866	$	(37,434,866	)	$	—		$	—
ESG Aware U.S. Aggregate Bond
Barclays Capital, Inc.	$	887,649	$	(887,649	)	$	—		$	—
BMO Capital Markets Corp.		96,520		(96,520	)		—			—
BNP Paribas SA		1,342,448		(1,342,448	)		—			—
BofA Securities, Inc.		807,747		(807,747	)		—			—
Citigroup Global Markets, Inc.		10,371,783		(10,371,783	)		—			—
Goldman Sachs & Co. LLC		9,062,973		(9,062,973	)		—			—
J.P. Morgan Securities LLC		7,872,691		(7,872,691	)		—			—
Jefferies LLC		206,109		(206,109	)		—			—
Mizuho Securities USA LLC		264,082		(264,082	)		—			—
Morgan Stanley		1,347,389		(1,347,389	)		—			—
Pershing LLC		87,707		(87,707	)		—			—
RBC Capital Markets LLC		137,432		(137,432	)		—			—
Scotia Capital (USA), Inc.		354,404		(354,404	)		—			—
TD Securities (USA) LLC		88,527		(88,527	)		—			—
Toronto-Dominion Bank (The)		80,928		(80,928	)		—			—
UBS Securities LLC		86,169		(86,169	)		—			—
Wells Fargo Bank N.A.		36,452		(36,452	)		—			—
Wells Fargo Securities LLC		48,605		(48,605	)		—			—
	$	33,179,615	$	(33,179,615	)	$	—		$	—
ESG Aware USD Corporate Bond
Barclays Bank PLC	$	18,873,976	$	(18,873,976	)	$	—		$	—
BMO Capital Markets Corp.		2,023,236		(2,023,236	)		—			—
BNP Paribas SA		1,355,439		(1,355,439	)		—			—
BofA Securities, Inc.		7,405,499		(7,405,499	)		—			—
Citigroup Global Markets, Inc.		3,136,202		(3,136,202	)		—			—
J.P. Morgan Securities LLC		22,512,004		(22,512,004	)		—			—
Jefferies LLC		2,209,939		(2,209,939	)		—			—
Mizuho Securities USA LLC		130,830		(130,830	)		—			—
Morgan Stanley		9,177,511		(9,177,511	)		—			—
Pershing LLC		1,915,286		(1,915,286	)		—			—
RBC Capital Markets LLC		3,867,085		(3,867,085	)		—			—
Scotia Capital (USA), Inc.		1,885,143		(1,885,143	)		—			—
State Street Bank & Trust Co.		3,445,774		(3,445,774	)		—			—
TD Securities (USA) LLC		112,582		(112,582	)		—			—
Toronto-Dominion Bank (The)		228,964		(228,964	)		—			—
UBS Securities LLC		18,939		(18,939	)		—			—
Wells Fargo Bank N.A.		270,098		(270,098	)		—			—
Wells Fargo Securities LLC		2,217,145		(2,217,145	)		—			—
	$	80,785,652	$	(80,785,652	)	$	—		$	—

^(a)  Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s Statements of Assets and Liabilities.

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 135

Notes to Financial Statements (continued)

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

5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES

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

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

iShares ETF	Investment Advisory Fees
ESG Aware 1-5 Year USD Corporate Bond		0.12	%
ESG Aware U.S. Aggregate Bond		0.10
ESG Aware USD Corporate Bond		0.18

Expense Waivers: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies (“acquired fund fees and expenses”). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund’s total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.

For the iShares ESG Aware U.S. Aggregate Bond ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through June 30, 2024 in an amount equal to the acquired fund fees and expenses, if any, attributable to the Fund’s investments in other iShares funds.

This amount is included in investment advisory fees waived in the Statements of Operations. For the year ended February 29, 2024, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

iShares ETF	Amounts Waived
ESG Aware U.S. Aggregate Bond	$	199,363

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

ETF Servicing Fees: Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units (“ETF Services”). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

Prior to January 08, 2024 (date of conversion for iShares ESG Aware U.S. Aggregate Bond ETF and iShares ESG Aware USD Corporate Bond ETF), ETF Services were performed by State Street Bank and Trust Company.

Prior to January 26, 2024 (date of conversion for iShares ESG Aware 1-5 Year USD Corporate Bond ETF), ETF Services were performed by State Street Bank and Trust Company.

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

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

136 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

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

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

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 29, 2024, the Funds paid BTC the following amounts for securities lending agent services:

iShares ETF	Amounts
ESG Aware 1-5 Year USD Corporate Bond	$	45,108
ESG Aware U.S. Aggregate Bond		40,815
ESG Aware USD Corporate Bond		110,922

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

6. PURCHASES AND SALES

For the year ended February 29, 2024, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

	U.S. Government Securities				Other Securities
iShares ETF	Purchases		Sales		Purchases		Sales
ESG Aware 1-5 Year USD Corporate Bond	$	—	$	—	$	268,020,578	$	270,481,268
ESG Aware U.S. Aggregate Bond		4,922,482,614		4,626,516,111		160,889,012		146,500,348
ESG Aware USD Corporate Bond		24,837		—		205,912,998		204,053,763

For the year ended February 29, 2024, in-kind transactions were as follows:

iShares ETF	In-kind Purchases		In-kind Sales
ESG Aware 1-5 Year USD Corporate Bond	$	44,925,069	$	103,524,771
ESG Aware U.S. Aggregate Bond		894,543,881		61,101,059
ESG Aware USD Corporate Bond		297,300,870		435,898,278

7. INCOME TAX INFORMATION

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

Management has analyzed tax laws and regulations and their application to the Funds as of February 29, 2024, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 29, 2024, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

iShares ETF	Paid-in Capital			Accumulated Earnings (Loss)
ESG Aware 1-5 Year USD Corporate Bond	$	(3,126,282	)	$	3,126,282
ESG Aware U.S. Aggregate Bond		(106,505	)		106,505
ESG Aware USD Corporate Bond		(12,074,979	)		12,074,979

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 137

Notes to Financial Statements (continued)

The tax character of distributions paid was as follows:

iShares ETF	Year Ended 02/29/24		Year Ended 02/28/23
ESG Aware 1-5 Year USD Corporate Bond
Ordinary income	$	25,633,094	$	17,369,925
ESG Aware U.S. Aggregate Bond
Ordinary income	$	104,458,748	$	44,953,799
ESG Aware USD Corporate Bond
Ordinary income	$	43,445,842	$	26,535,411

As of February 29, 2024, the tax components of accumulated net earnings (losses) were as follows:

iShares ETF		Undistributed Ordinary Income		Non-expiring Capital Loss Carryforwards	(a)		Net Unrealized Gains (Losses)	(b)		Total
ESG Aware 1-5 Year USD Corporate Bond	$	2,550,339	$	(26,221,063	)	$	(25,342,989	)	$	(49,013,713	)
ESG Aware U.S. Aggregate Bond		11,188,155		(61,858,536	)		(273,254,784	)		(323,925,165	)
ESG Aware USD Corporate Bond		3,673,340		(38,466,047	)		(104,606,423	)		(139,399,130	)

^(a)  Amounts available to offset future realized capital gains.

^(b)  The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and TBA transactions.

As of February 29, 2024, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
ESG Aware 1-5 Year USD Corporate Bond	$	919,187,421	$	3,263,692	$	(28,606,681	)	$	(25,342,989	)
ESG Aware U.S. Aggregate Bond		4,049,083,499		10,013,435		(283,268,219	)		(273,254,784	)
ESG Aware USD Corporate Bond		1,194,111,109		3,085,031		(107,691,454	)		(104,606,423	)

8. PRINCIPAL RISKS

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

BFA uses an indexing approach to try to achieve each Fund’s investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

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

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

Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.

138 2 0 2 4  I S H A R E S   A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

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

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

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative “debt ceiling.” Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the the Funds invest.

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

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates due to the period of historically low interest rates that ended in March 2022. The Federal Reserve has recently raised the federal funds rate as part of its efforts to address inflation. There is a risk that interest rates will continue to rise, which will likely drive down the prices of bonds and other fixed-income securities, and could negatively impact the Funds’ performance.

The Funds invest a significant portion of their assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

Certain Funds invest a significant portion of their assets within the financials sector. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, adverse public perception, exposure concentration and decreased liquidity in credit markets. The impact of changes in capital requirements and recent or future regulation on any individual financial company, or on the financials sector as a whole, cannot be predicted, but may negatively impact the Funds.

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

LIBOR Transition Risk: The Funds may be exposed to financial instruments that recently transitioned from, or continue to be tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, has ceased publishing all LIBOR settings, but some USD LIBOR settings will continue to be published under a synthetic methodology until September 30, 2024 for certain legacy contracts. The Secured Overnight Financing Rate (“SOFR”) has been used increasingly on a voluntary basis in new instruments and transactions. Under U.S. regulations that implement a statutory fallback mechanism to replace LIBOR, benchmark rates based on SOFR have replaced LIBOR in certain financial contracts. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

9. CAPITAL SHARE TRANSACTIONS

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

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 139

Notes to Financial Statements (continued)

Transactions in capital shares were as follows:

	Year Ended 02/29/24						Year Ended 02/28/23
iShares ETF	Shares			Amount			Shares			Amount
ESG Aware 1-5 Year USD Corporate Bond
Shares sold		1,900,000		$	45,696,459			6,700,000		$	159,782,463
Shares redeemed		(4,400,000	)		(105,453,990	)		(9,800,000	)		(235,417,990	)
		(2,500,000	)	$	(59,757,531	)		(3,100,000	)	$	(75,635,527	)
ESG Aware U.S. Aggregate Bond
Shares sold		26,700,000		$	1,247,309,890			17,500,000		$	847,365,803
Shares redeemed		(1,800,000	)		(82,695,735	)		(3,700,000	)		(178,354,811	)
		24,900,000		$	1,164,614,155			13,800,000		$	669,010,992
ESG Aware USD Corporate Bond
Shares sold		13,550,000		$	303,922,392			24,550,000		$	572,972,570
Shares redeemed		(19,600,000	)		(446,032,496	)		(8,450,000	)		(187,650,031	)
		(6,050,000	)	$	(142,110,104	)		16,100,000		$	385,322,539

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

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

10. SUBSEQUENT EVENTS

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

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Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the three funds listed in the table below

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (three of the funds constituting iShares Trust, hereafter collectively referred to as the “Funds”) as of February 29, 2024, the related statements of operations for the year ended February 29, 2024, the statements of changes in net assets for each of the two years in the period ended February 29, 2024, including the related notes, and the financial highlights for each of the five years in the period ended February 29, 2024 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of February 29, 2024, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 29, 2024 and each of the financial highlights for each of the five years in the period ended February 29, 2024 in conformity with accounting principles generally accepted in the United States of America.

 iShares ESG Aware 1-5 Year USD Corporate Bond ETF

 iShares ESG Aware U.S. Aggregate Bond ETF

 iShares ESG Aware USD Corporate Bond ETF

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 29, 2024 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 19, 2024

We have served as the auditor of one or more BlackRock investment companies since 2000.

R E P O R T  O F  I N D E P E N D E N T  R E G I S T E R E D  P U B L I C  A C C O U N T I N G  F I R M 141

Important Tax Information(unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 29, 2024:

iShares ETF	Federal Obligation  Interest
ESG Aware 1-5 Year USD Corporate Bond	$	15,703
ESG Aware U.S. Aggregate Bond		36,941,805
ESG Aware USD Corporate Bond		27,483

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 29, 2024:

iShares ETF	Interest Dividends
ESG Aware 1-5 Year USD Corporate Bond	$	26,015,002
ESG Aware U.S. Aggregate Bond		109,538,785
ESG Aware USD Corporate Bond		43,087,912

The Funds hereby designate the following amount(s), or maximum amount(s) allowable by law, as interest-related dividends and qualified short-term capital gains eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 29, 2024:

iShares ETF	Interest-Related  Dividends
ESG Aware 1-5 Year USD Corporate Bond	$	20,910,400
ESG Aware U.S. Aggregate Bond		101,341,139
ESG Aware USD Corporate Bond		36,044,115

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Statement Regarding Liquidity Risk Management Program (unaudited)

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF and iShares ESG Aware USD Corporate Bond ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.

The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 8, 2023 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2022 through September 30, 2023 (the “Program Reporting Period”).

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

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

a) The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes.

b) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size utilized for liquidity classifications. The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections.

c) Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. The Committee also considered that ETFs generally do not engage in borrowing.

d) The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period.

e) The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. There were no ETFs for which the custom baskets accepted by the ETF had a significant change in its liquidity profile.

There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

S T A T E M E N T  R E G A R D I N G  L I Q U I D I T Y  R I S K  M A N A G E M E N T  P R O G R A M 143

Supplemental Information (unaudited)

Tailored Shareholder Reports for Open-End Mutual Funds and ETFs

Effective January 24, 2023, the SEC adopted rule and form amendments to require open-end mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will no longer appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds.

Premium/Discount Information

Information on the Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at iShares.com.

144 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Trustee and Officer Information (unaudited)

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BFA and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as independent trustees (“Independent Trustees”).

The registered investment companies advised by BFA or its affiliates (the “BlackRock-advised Funds”) are organized into one complex of open-end equity, multi-asset, index and money market funds and ETFs (the “BlackRock Multi-Asset Complex”), one complex of closed-end funds and open-end non-index fixed-income funds (including ETFs) (the “BlackRock Fixed-Income Complex”) and one complex of ETFs (“Exchange-Traded Fund Complex”) (each, a “BlackRock Fund Complex”). Each Fund is included in the Exchange-Traded Fund Complex. Each Trustee also serves as a Director of iShares, Inc. and a Trustee of iShares U.S. ETF Trust and, as a result, oversees all of the funds within the Exchange-Traded Fund Complex, which consists of 401 funds as of February 29, 2024. With the exception of Robert S. Kapito and Aaron Wasserman, the address of each Trustee and officer is c/o BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. The address of Mr. Kapito and Mr. Wasserman is c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001. The Board has designated John E. Kerrigan as its Independent Board Chair. Additional information about the Funds’ Trustees and officers may be found in the Funds’ combined Statement of Additional Information, which is available without charge, upon request, by calling toll-free 1-800-iShares (1-800-474-2737).

Interested Trustees
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
Robert S. Kapito(a) (1957)	Trustee (since 2009).	President, of BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002).	Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011).

^(a)  Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates.

Independent Trustees
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E. Kerrigan (1955)	Trustee (since 2005); Independent Board Chair (since 2022).	Chief Investment Officer, Santa Clara University (since 2002).	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022).
Jane D. Carlin (1956)	Trustee (since 2015); Risk Committee Chair (since 2016).	Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012).	Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016).
Richard L. Fagnani (1954)	Trustee (since 2017); Audit Committee Chair (since 2019).	Partner, KPMG LLP (2002-2016); Director of One Generation Away (since 2021).	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017).
Cecilia H. Herbert (1949)	Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022).	Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York’s public media company (since 2011) and Member of the Audit Committee (since 2018), Investment Committee (since 2011) and Personnel Committee (since 2022); Member of the Wyoming State Investment Funds Committee (since 2022); Director of the Jackson Hole Center for the Arts (since 2021); Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018).	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011).
Drew E. Lawton (1959)	Trustee (since 2017); 15(c) Committee Chair (since 2017).	Senior Managing Director of New York Life Insurance Company (2010-2015).	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Director of Jackson Financial Inc. (since 2021).

T R U S T E E  A N D  O F F I C E R  I N F O R M A T I O N 145

Trustee and Officer Information (unaudited) (continued)

Independent Trustees (continued)
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E. Martinez (1961)	Trustee (since 2003); Securities Lending Committee Chair (since 2019).	Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016).	Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011).
Madhav V. Rajan (1964)	Trustee (since 2011); Fixed-Income Plus Committee Chair (since 2019).	Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016).	Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011).
Officers
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years
Dominik Rohé (1973)	President (since 2023).	Managing Director, BlackRock, Inc. (since 2005); Head of Americas ETF and Index Investments (since 2023); Head of Latin America (2019-2023).
Trent Walker (1974)	Treasurer and Chief Financial Officer (since 2020).	Managing Director, BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds.
Aaron Wasserman (1974)	Chief Compliance Officer (iShares, Inc. and iShares Trust, since 2023; iShares U.S. ETF Trust, since 2023).	Managing Director of BlackRock, Inc. (since 2018); Chief Compliance Officer of the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (since 2023); Deputy Chief Compliance Officer for the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (2014-2023).
Marisa Rolland (1980)	Secretary (since 2022).	Managing Director, of BlackRock, Inc. (since 2023); Director, of BlackRock, Inc. (2018-2022); Vice President, BlackRock, Inc. (2010-2017).
Rachel Aguirre (1982)	Executive Vice President (since 2022).	Managing Director, of BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering of BlackRock, Inc. (since 2021); Co-Head of EII’s Americas Portfolio Engineering of BlackRock, Inc. (2020-2021); Head of Developed Markets Portfolio Engineering of BlackRock, Inc. (2016-2019).
Jennifer Hsui (1976)	Executive Vice President (since 2022).	Managing Director of BlackRock, Inc. (since 2009); Co-Head of Index Equity of BlackRock, Inc. (since 2022).
James Mauro (1970)	Executive Vice President (since 2022).	Managing Director, of BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management of BlackRock, Inc. (since 2020).

Effective July 1, 2023, Aaron Wasserman replaced Charles Park as Chief Compliance Officer.

Effective February 1, 2024, Salim Ramji resigned as Trustee of the Trust.

Effective March 5, 2024, Stephen Cohen replaced Salim Ramji as Trustee of the Trust.

Effective March 5, 2024, Dominik Rohé resigned as President of the Trust.

Effective March 5, 2024, Jessica Tan replaced Dominik Rohé as President of the Trust.

Effective April 8, 2024, Laura Fergerson was appointed as Trustee of the Trust.

Effective April 8, 2024, James Lam was appointed as Trustee of the Trust.

146 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

General Information

Electronic Delivery

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

To enroll in electronic delivery:

• Go to icsdelivery.com.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

Householding

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

Availability of Quarterly Schedule of Investments

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

Availability of Proxy Voting Policies and Proxy Voting Records

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

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

G E N E R A L  I N F O R M A T I O N 147

Glossary of Terms Used in this Report

Portfolio Abbreviation
BAB	Build America Bond
CMT	Constant Maturity Treasury
GO	General Obligation
LIBOR	London Interbank Offered Rate
REIT	Real Estate Investment Trust
SCA	Svenska Celluosa Aktiebolaget
SOFR	Secured Overnight Financing Rate
TBA	To-Be-Announced

 

148 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Want to know more?

iShares.com  |  1-800-474-2737

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

Investing involves risk, including possible loss of principal.

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

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.

©2024 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

iS-AR-209-0224

  

FEBRUARY 29, 2024

2024 Annual Report

iShares Trust

· iShares Core U.S. Aggregate Bond ETF | AGG | NYSE Arca

The Markets in Review

Dear Shareholder,

The combination of continued economic growth and cooling inflation provided a supportive backdrop for investors during the 12-month reporting period ended February 29, 2024. Significantly tighter monetary policy helped to rein in inflation, and the Consumer Price Index decelerated substantially while remaining above pre-pandemic levels. A moderating labor market helped ease inflationary pressure, although wages continued to grow. Wage and job growth powered robust consumer spending, backstopping the economy. On October 7, 2023, Hamas launched a horrific attack on Israel. The ensuing war will have a significant humanitarian impact and could lead to heightened economic and market volatility. We see geopolitics as a structural market risk going forward. See our geopolitical risk dashboard at blackrock.com for more details.

Equity returns were robust during the period, as interest rates stabilized and the economy proved to be more resilient than many investors expected. The U.S. economy continued to show strength, and growth further accelerated in the second half of 2023. Large-capitalization U.S. stocks posted particularly substantial gains, supported by the performance of a few notable technology companies, while small-capitalization U.S. stocks advanced at a significantly slower pace. Meanwhile, international developed market equities also gained strongly, while emerging market stocks advanced at a more modest pace.

The 10-year U.S. Treasury yield rose during the reporting period, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. However, higher yields drove positive returns overall for 10-year U.S. Treasuries and solid gains in shorter-duration U.S. Treasuries. The corporate bond market benefited from improving economic sentiment, although high-yield corporate bond prices fared significantly better than investment-grade bonds as demand from yield-seeking investors remained strong.

The U.S. Federal Reserve (the “Fed”), attempting to manage persistent inflation, raised interest rates three times during the 12-month period, but paused its tightening after its July meeting. The Fed also continued to reduce its balance sheet by not replacing some of the securities that reach maturity.

Supply constraints appear to have become an embedded feature of the new macroeconomic environment, making it difficult for developed economies to increase production without sparking higher inflation. Geopolitical fragmentation and an aging population risk further exacerbating these constraints, keeping the labor market tight and wage growth high. Although the Fed has stopped tightening for now, we believe that the new economic regime means that the Fed will need to maintain high rates for an extended period despite the market’s hopes for rapid interest rate cuts, as reflected in the recent rally. In this new regime, we anticipate greater volatility and dispersion of returns, creating more opportunities for selective portfolio management.

Looking at developed market stocks, we have an overweight stance on U.S. stocks overall, particularly given the promise of emerging AI technologies. We are also overweight Japanese stocks as shareholder-friendly policies generate increased investor interest, although we maintain an underweight stance on European stocks. In credit, there are selective opportunities in the near term despite tighter credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most attractive investments in short-term U.S. Treasuries and hard-currency emerging market bonds.

Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

Rob Kapito

President, BlackRock Inc.

Rob Kapito

President, BlackRock Inc.

Total Returns as of February 29, 2024
	6-Month	12-Month
U.S. large cap equities (S&P 500® Index)	13.93%	30.45%
U.S. small cap equities (Russell 2000® Index)	8.97	10.05
International equities (MSCI Europe, Australasia, Far East Index)	9.23	14.41
Emerging market equities (MSCI Emerging Markets Index)	4.93	8.73
3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)	2.69	5.22
U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)	0.58	0.69
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)	2.35	3.33
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)	4.33	5.42
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)	6.18	11.01
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

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

Table of Contents

	Page
The Markets in Review		2
Annual Report:
Market Overview		4
Fund Summary		5
About Fund Performance		7
Disclosure of Expenses		7
Schedule of Investments		8
Financial Statements
Statement of Assets and Liabilities		116
Statement of Operations		117
Statements of Changes in Net Assets		118
Financial Highlights		119
Notes to Financial Statements		120
Report of Independent Registered Public Accounting Firm		128
Important Tax Information		129
Statement Regarding Liquidity Risk Management Program		130
Supplemental Information		131
Trustee and Officer Information		133
General Information		135
Glossary of Terms Used in this Report		136

Market Overview

iShares Trust

U.S. Bond Market Overview

U.S. investment-grade bonds produced a gain of 3.33% during the 12 months ended February 29, 2024 (the “reporting period”), as measured by the Bloomberg U.S. Aggregate Bond Index. Income made a sizable contribution to performance, and strength in credit-oriented market segments provided an additional boost to returns.

The 12-month gain for the index belies the challenging environment for the bond market through the first eight months of the period. During this time, yields drifted steadily higher (as prices fell) in response to better-than-expected economic growth and continued interest rate increases by the U.S. Federal Reserve (Fed). The Fed raised rates by a quarter-point at its meetings in March, May, and July 2023, moving its benchmark fed funds rate to a range of 5.25%—5.50%. Although the Fed’s aggressive actions contributed to a decline in inflation, U.S. economic growth remained robust behind persistent strength in the labor market. This trend gave rise to expectations that the central bank would need to keep rates “higher for longer,” fueling a sharp sell-off in the bond market in the span from August through October 2023.

The investment backdrop improved considerably in the final two months of 2023, touching off a rally that helped the fixed-income market quickly recover its earlier losses. The headline Consumer Price Index fell to its lowest levels since early 2021 in the November report, surprising the markets and causing the consensus to shift toward the view that the Fed was in fact finished raising rates. In December, Fed Chairman Jerome Powell provided another positive surprise with his suggestion that rate cuts could begin as early as the first half of 2024. Bond prices moved surged in response, with the credit sectors leading the way amid a pronounced improvement in investor sentiment. While yields crept higher in January and February, the Bloomberg U.S. Aggregate Bond Index finished in positive territory on the strength of its earlier advance.

These trends were reflected in the U.S. Treasury market, where the yield on the two-year note entered the annual period at 4.81%, reached a high of 5.19% in mid-October, and subsequently finished February 2024 at 4.64%. The 10-year issue followed a similar path, climbing from 3.92% at the start of the period to a high of 4.98% before sliding to 4.25% on February 29, 2024. One result of these moves was that the yield curve’s inversion—i.e., the extent to which short-term rates exceeded those of longer-term issues—gradually moderated from the unusually high level reached in early 2023. Short-term Treasuries were the strongest performers on a total return basis, followed by intermediate-term issues. However, longer-dated government bonds (those with maturities of 10 years and above) posted a loss.

Investment-grade corporate bonds were the best performing segment of the index during the 12-month period. The asset class was helped by a larger contribution from yield, together with a decline in yield spreads relative to U.S. Treasuries. Securitized assets—a category that encompasses mortgage-backed securities (MBS), asset backed securities (ABS) and commercial mortgage-backed securities (CMBS)—underperformed the index. While ABS and CMBS both held up well, agency MBS failed to keep pace with the broader fixed-income market due to the combination of the Fed’s ongoing balance sheet reduction and lower buying demand from banks.

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

Fund Summary as of February 29, 2024  iShares^® Core U.S. Aggregate Bond ETF

Investment Objective

The iShares Core U.S. Aggregate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of the total U.S. investment-grade bond market, as represented by the Bloomberg U.S. Aggregate Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index

Performance

	Average Annual Total Returns								Cumulative Total Returns
	1 Year			5 Years			10 Years		1 Year			5 Years			10 Years
Fund NAV		3.32	%		0.53	%		1.40%		3.32	%		2.69	%		14.92%
Fund Market		3.34			0.53			1.39		3.34			2.68			14.82
Index		3.33			0.56			1.43		3.33			2.83			15.30

GROWTH OF $10,000 INVESTMENT

(AT NET ASSET VALUE)

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual							Hypothetical 5% Return
	Beginning Account Value (09/01/23)		Ending Account Value (02/29/24)		Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23)		Ending Account Value (02/29/24)		Expenses Paid During the Period	(a)	Annualized Expense Ratio
$	1,000.00	$	1,023.50	$	0.15		$	1,000.00	$	1,024.70	$	0.15		0.03	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F  U  N  D S  U  M  M  A  R  Y 5

Fund Summary as of February 29, 2024 (continued) iShares^® Core U.S. Aggregate Bond ETF

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	72.3	%
Aa	2.2
A	12.1
Baa	11.9
Ba	0.5
Not Rated	1.0

PORTFOLIO COMPOSITION

Investment Type	Percent of Total Investments	(a)
U.S. Government & Agency Obligations	70.0	%
Corporate Bonds & Notes	26.0
Foreign Government Obligations	2.1
Collaterized Mortgage Obligations	1.0
Municipal Debt Obligations	0.6
Asset-Backed Securities	0.5
TBA Sales Commitments	(0.2	)

* 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.

^(a)  Excludes money market funds.

6 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

About Fund Performance

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

Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.

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

Disclosure of Expenses

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

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

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

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

A B O U T F U N D P E R F O R M A N C E / D I S C L O S U R E O F E X P E N S E S 7

Schedule of Investments February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities
American Express Credit Account Master Trust
3.75%, 08/15/27	$	9,330	$	9,145,398
4.87%, 05/15/28		6,840		6,826,082
5.15%, 09/15/30		9,000		9,132,741
Class A, 4.95%, 10/15/27		15,000		14,962,555
AmeriCredit Automobile Receivables Trust,
5.62%, 11/18/27 (Call 06/18/27)		8,210		8,220,144
BA Credit Card Trust, 4.98%, 11/15/28		71,311		71,466,755
BMW Vehicle Lease Trust
5.99%, 09/25/26		3,240		3,265,478
5.98%, 02/25/27		14,500		14,682,228
Capital One Multi-Asset Execution Trust
Class A2, 1.39%, 07/15/30		11,000		9,536,323
CarMax Auto Owner Trust
4.65%, 01/16/29 (Call 11/15/26)		8,300		8,210,236
6.00%, 07/17/28		8,137		8,276,534
Chase Issuance Trust
4.60%, 01/16/29		47,830		47,519,332
4.63%, 01/15/31		3,210		3,193,009
Citibank Credit Card Issuance Trust, 3.96%, 10/13/30		2,000		1,926,260
Discover Card Execution Note Trust
3.56%, 07/15/27		18,000		17,607,841
Series 2022-A1, Class A1, 1.96%, 02/15/27		6,900		6,685,036
Exeter Automobile Receivables Trust
5.82%, 02/15/28 (Call 01/15/27)		11,180		11,179,390
Series 2021-2, Class D, 1.40%, 04/15/27 (Call 09/15/25)		3,261		3,106,401
Ford Credit Auto Lease Trust, 5.29%, 06/15/27		4,640		4,624,253
GM Financial Automobile Leasing Trust,
5.16%, 01/20/27 (Call 08/20/25)		21,771		21,717,400
GM Financial Consumer Automobile Receivables Trust
1.51%, 04/17/28 (Call 03/16/26)		2,940		2,751,903
4.66%, 02/16/28 (Call 12/16/26)		18,560		18,407,575
4.59%, 07/17/28 (Call 12/16/26)		3,500		3,459,812
4.47%, 02/16/28 (Call 12/16/26)		6,667		6,588,670
4.43%, 10/16/28 (Call 12/16/26)		13,000		12,807,485
5.78%, 08/16/28		6,090		6,176,719
5.71%, 02/16/29		9,710		9,906,796
Hyundai Auto Receivables Trust
5.39%, 06/15/27 (Call 02/15/27)		11,045		11,050,247
4.58%, 04/15/27 (Call 01/15/27)		6,600		6,536,815
4.48%, 07/17/28 (Call 01/15/27)		13,000		12,821,448
5.48%, 04/17/28		30,000		30,167,200
Nissan Auto Lease Trust, 4.91%, 04/15/27		14,430		14,327,335
Santander Drive Auto Receivables Trust
5.09%, 05/15/30 (Call 03/15/26)		17,060		16,824,370
5.23%, 12/15/28		6,440		6,424,847
5.25%, 04/17/28		6,000		5,982,020
5.45%, 03/15/30		1,670		1,661,460
Series 2021-3, Class C, 0.95%, 09/15/27 (Call 06/15/25)		3,215		3,196,194
Verizon Master Trust Series 2021-1, Class A,
0.50%, 05/20/27 (Call 05/20/24)		28,690		28,380,569
Volkswagen Auto Loan Enhanced Trust
5.02%, 06/20/28		10,780		10,760,729
5.01%, 01/22/30		6,000		5,996,377

Security	Par (000)		Value
World Omni Auto Receivables Trust, 5.09%, 12/17/29	$	2,000	$	1,984,518
Total Asset-Backed Securities — 0.5% (Cost: $501,751,838)				497,496,485
Collaterized Mortgage Obligations
Mortgage-Backed Securities — 1.0%
Bank
2.29%, 06/15/64 (Call 08/15/31)		7,260		5,991,585
Series 2018-BN15, Class A4, 4.41%,
11/15/61 (Call 11/15/28)(a)		5,000		4,830,521
Series 2019-BN21, Class A5, 2.85%,
10/17/52 (Call 10/15/29)		15,310		13,494,409
Series 2020, Class A5, 2.65%, 01/15/63
(Call 02/15/30)		6,500		5,628,876
Series 2020-BN27, Class A5, 2.14%,
04/15/63 (Call 04/15/30)		23,610		19,609,260
Series 2020-BN29, Class A4, 2.00%,
11/15/53 (Call 12/15/30)		5,760		4,591,682
Series 21-BN36, Class A5, 2.47%, 09/15/64
(Call 10/15/31)		8,930		7,450,781
Bank of America Merrill Lynch Commercial Mortgage Trust, Series 2017-BNK3, Class ASB, 3.37%, 02/15/50 (Call 02/15/27)		1,338		1,301,493
Barclays Commercial Mortgage Trust, Series 2019-C4, Class A5, 2.92%, 08/15/52 (Call 08/15/29)		8,750		7,806,358
BBCMS Mortgage Trust
5.45%, 04/15/56 (Call 04/15/33)		7,710		7,869,523
5.71%, 12/15/55 (Call 12/15/32)(a)		3,160		3,288,077
5.72%, 02/15/57		1,886		1,879,489
5.87%, 02/15/57		4,455		4,606,290
6.00%, 09/15/56		18,820		20,064,961
6.30%, 09/15/56		3,000		3,195,203
6.80%, 11/15/56		3,970		4,459,711
Series 2017-C1, Class A4, 3.67%, 02/15/50
(Call 02/15/27)		18,450		17,529,725
Series 2020-C6, Class A4, 2.64%, 02/15/53
(Call 02/15/30)		10,000		8,705,281
Series 2020-C7, Class A5, 2.04%, 04/15/53
(Call 04/15/30)		16,670		13,986,068
Series 2021-C11, Class A5, 2.32%, 09/15/54		1,965		1,625,141
Series 2022-C15, Class A5, 3.66%, 04/15/55 (Call 04/15/32)(a)		3,745		3,358,578
BBCMS Trust, Series 2021-C10, Class A5,
2.49%, 07/15/54 (Call 07/15/31)		18,590		15,674,093
Benchmark Mortgage Trust
Series 2018-B2, Class A5, 3.88%, 02/15/51
(Call 02/15/28)(a)		10,616		10,016,937
Series 2018-B3, Class A5, 4.03%, 04/10/51
(Call 04/10/28)		7,000		6,619,536
Series 2018-B5, Class A4, 4.21%, 07/15/51
(Call 08/15/28)		6,150		5,881,316
Series 2018-B7, Class A4, 4.51%, 05/15/53
(Call 11/15/28)(a)		10,093		9,668,935
Series 2018-B8, Class A5, 4.23%, 01/15/52
(Call 12/15/28)		17,000		15,986,161
Series 2019-B11, Class A4, 3.28%,
05/15/52 (Call 06/15/29)		20,650		18,661,538

8 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Series 2019-B11, Class A5, 3.54%, 05/15/52 (Call 06/15/29)	$	20,000	$	18,094,795
Series 2020-B19, Class B, 2.35%, 09/15/53
(Call 10/15/30)		2,700		1,923,538
Series 2020-B21, Class A4, 1.70%, 12/17/53 (Call 12/15/30)		7,000		5,702,956
Series 2020-B21, Class A5, 1.98%, 12/17/53 (Call 12/15/30)		8,616		7,012,043
Series 2020-B23, Class A5, 2.07%, 02/15/54 (Call 02/15/31)		25,000		19,949,790
Series 2023-B38, Class A2, 5.63%, 04/15/56 (Call 04/15/33)		10,000		10,098,038
BMO Mortgage Trust
5.96%, 09/15/56		30,000		31,721,947
7.24%, 11/15/56		11,200		11,942,582
CD Mortgage Trust, Series 2017-CD3, Class A4, 3.63%, 02/10/50 (Call 08/10/27)		5,500		5,101,887
Citigroup Commercial Mortgage Trust
Series 2014-GC25, Class AAB, 3.37%, 10/10/47 (Call 10/10/24)		1,149		1,141,754
Series 2014-GC25, Class AS, 4.02%, 10/10/47 (Call 10/10/24)		5,209		5,082,300
Series 2015-GC27, Class AAB, 2.94%, 02/10/48 (Call 01/10/25)		1,209		1,201,325
Series 2016-GC37, Class A4, 3.31%, 04/10/49 (Call 03/10/26)		17,730		16,835,616
Series 2016-P5, Class A4, 2.94%, 10/10/49 (Call 10/10/26)		11,400		10,576,836
Series 2017-P7, Class A4, 3.71%, 04/14/50
(Call 04/14/27)		13,900		12,970,007
Series 2018-B2, Class A4, 4.01%, 03/10/51
(Call 03/10/28)		20,020		19,064,813
Commission Mortgage Trust
Series 2014-UBS3, Class A4, 3.82%, 06/10/47 (Call 06/10/24)		12,887		12,826,943
Series 2015-CR22, Class A5, 3.31%, 03/10/48 (Call 03/10/25)		2,400		2,336,727
Series 2015-CR24, Class A5, 3.70%, 08/10/48 (Call 06/10/26)		16,990		16,490,192
Series 2015-DC1, Class A5, 3.35%, 02/10/48 (Call 02/10/25)		2,750		2,683,227
Series 2015-LC21, Class A4, 3.71%, 07/10/48 (Call 01/10/26)		15,500		15,068,713
Series 2015-PC1, Class A5, 3.90%, 07/10/50 (Call 06/10/25)		9,650		9,420,325
Series 2016-CR28, Class A4, 3.76%, 02/10/49 (Call 01/10/26)		8,000		7,714,453
Series 2016-DC2, Class A5, 3.77%, 02/10/49 (Call 02/10/26)		4,000		3,855,674
CSAIL Commercial Mortgage Trust
Series 2015-C2, Class A4, 3.50%, 06/15/57
(Call 05/15/25)		10,000		9,691,921
Series 2015-C4, Class A4, 3.81%, 11/15/48
(Call 11/15/25)		17,519		16,956,539
Series 2016-C7, Class A5, 3.50%, 11/15/49
(Call 11/15/26)		5,200		4,920,003
Series 2018-CX11, Class A5, 4.03%, 04/15/51 (Call 04/15/28)(a)		27,000		25,641,182
Series 2019-C18, Class A4, 2.97%, 12/15/52 (Call 12/15/29)		10,000		8,766,065

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
DBJPM Mortgage Trust, Series 2016-C3, Class A5, 2.89%, 08/10/49 (Call 08/10/26)	$	1,000	$	934,800
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
3.78%, 01/25/32		10,911		10,344,347
3.78%, 11/25/32 (Call 11/25/32)(a)		17,795		16,535,106
3.80%, 03/25/32		1,984		1,884,119
3.82%, 12/25/32 (Call 01/25/33)(a)		21,500		20,028,770
4.05%, 07/25/33		35,000		33,075,657
4.20%, 05/25/33		48,000		45,913,424
4.25%, 04/25/33 (Call 04/25/33)		40,000		38,416,745
4.28%, 07/25/30		10,500		10,225,072
4.35%, 01/25/33 (Call 02/25/33)(a)		33,140		32,080,469
4.74%, 08/25/28		15,000		14,976,939
Federal National Mortgage Association,
4.19%, 07/25/28		20,000		19,564,462
GS Mortgage Securities Trust
Series 2014-GC24, Class A4, 3.67%, 09/10/47 (Call 09/10/24)		14,838		14,765,434
Series 2014-GC24, Class A5, 3.93%, 09/10/47 (Call 09/10/24)		6,000		5,910,650
Series 2015-GS1, Class A3, 3.73%, 11/10/48 (Call 11/10/25)		10,000		9,639,902
Series 2017-GS7, Class A3, 3.17%, 08/10/50 (Call 08/10/27)		13,000		12,012,101
Series 2018-GS10, Class A5, 4.16%, 07/10/51 (Call 07/10/28)(a)		3,000		2,798,767
Series 2018-GS9, Class A4, 3.99%, 03/10/51 (Call 03/10/28)(a)		3,000		2,774,406
Series 2019-GC38, Class A4, 3.97%, 02/10/52 (Call 02/10/29)		2,500		2,368,744
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2015-C22, Class A4, 3.31%, 04/15/48 (Call 04/15/25)		5,000		4,850,856
Series 2015-C23, Class A4, 3.72%, 07/15/50 (Call 06/15/25)		1,850		1,798,581
Series 2015-C24, Class A4, 3.73%, 05/15/48 (Call 08/15/25)		7,275		7,048,972
Series 2015-C27, Class A4, 3.75%, 12/15/47 (Call 11/15/25)		17,025		16,428,337
Series 2016-C28, Class A4, 3.54%, 01/15/49 (Call 02/15/28)		16,420		15,733,759
Series 2016-C28, Class AS, 3.95%, 01/15/49 (Call 02/15/28)		2,000		1,866,718
Series 2016-C32, Class A3, 3.46%, 12/15/49 (Call 01/15/27)		9,522		8,976,764
Morgan Stanley Capital I Trust
Series 2015-UBS8, Class A4, 3.81%, 12/15/48 (Call 12/15/25)		3,500		3,370,303
Series 2017-H1, Class A5, 3.53%, 06/15/50
(Call 06/15/27)		12,000		11,264,024
Series 2018, Class A3, 4.14%, 10/15/51
(Call 10/15/28)		21,700		20,767,496
Series 2018-H3, Class A4, 3.91%, 07/15/51
(Call 07/15/28)		700		664,029
Series 2019-H6, Class A4, 3.42%, 06/15/52
(Call 06/15/29)		7,660		6,997,985
Series 2019-L3, Class AS, 3.49%, 11/15/52
(Call 11/15/29)		720		634,260

S C H E D U L E O F I N V E S T M E N T S 9

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Series 2020-L4, Class A3, 2.70%, 02/15/53
(Call 02/15/30)	$	20,000	$	17,354,003
Series 2021-L7, Class A5, 2.57%, 10/15/54
(Call 10/15/31)		10,430		8,692,583
UBS Commercial Mortgage Trust, Series 2018-C08, Class A4, 3.98%, 02/15/51 (Call 02/15/28)		18,150		17,057,072
Wells Fargo Commercial Mortgage Trust Class A4, 2.34%, 08/15/54 (Call 07/15/31)		4,600		3,805,354
Series 2015-C27, Class A5, 3.45%, 02/15/48 (Call 03/15/25)		8,500		8,267,063
Series 2015-LC22, Class A4, 3.84%, 09/15/58 (Call 09/15/25)		5,000		4,841,040
Series 2015-SG1, Class A4, 3.79%, 09/15/48 (Call 08/15/25)		10,856		10,526,729
Series 2020-C56, Class A5, 2.45%, 06/15/53 (Call 04/15/30)		6,480		5,533,577
Series 2020-C58, Class A4, 2.09%, 07/15/53 (Call 12/15/30)		17,680		14,527,813
Series 2021-C59, Class A5, 2.63%, 04/15/54 (Call 04/15/31)		5,200		4,393,920
				1,048,224,871
Total Collaterized Mortgage Obligations — 1.0% (Cost: $1,131,750,346)				1,048,224,871
Corporate Bonds & Notes
Advertising — 0.0%
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)(b)		2,598		2,163,914
3.38%, 03/01/41 (Call 09/01/40)		1,922		1,412,656
4.65%, 10/01/28 (Call 07/01/28)		2,281		2,233,683
4.75%, 03/30/30 (Call 12/30/29)		2,833		2,755,211
5.38%, 06/15/33 (Call 03/15/33)		1,558		1,541,445
5.40%, 10/01/48 (Call 04/01/48)		1,825		1,686,462
Omnicom Group Inc.
2.45%, 04/30/30 (Call 01/30/30)		2,822		2,413,267
2.60%, 08/01/31 (Call 05/01/31)		4,849		4,070,289
4.20%, 06/01/30 (Call 03/01/30)		2,822		2,669,773
Omnicom Group Inc./Omnicom Capital Inc.,
3.60%, 04/15/26 (Call 01/15/26)		7,840		7,594,723
				28,541,423
Aerospace & Defense — 0.5%
Boeing Co. (The)
2.20%, 02/04/26 (Call 03/11/24)		12,250		11,502,602
2.25%, 06/15/26 (Call 03/15/26)		3,864		3,597,222
2.60%, 10/30/25 (Call 07/30/25)		2,323		2,214,461
2.70%, 02/01/27 (Call 12/01/26)		5,255		4,890,630
2.75%, 02/01/26 (Call 01/01/26)		2,500		2,373,646
2.80%, 03/01/27 (Call 12/01/26)		2,188		2,030,632
2.95%, 02/01/30 (Call 11/01/29)		5,664		4,953,935
3.10%, 05/01/26 (Call 03/01/26)		5,416		5,155,283
3.20%, 03/01/29 (Call 12/01/28)		4,091		3,697,720
3.25%, 02/01/28 (Call 12/01/27)		2,060		1,909,528
3.25%, 03/01/28 (Call 12/01/27)		2,734		2,526,428
3.25%, 02/01/35 (Call 11/01/34)		3,054		2,451,977
3.38%, 06/15/46 (Call 12/15/45)(b)		1,638		1,121,421
3.45%, 11/01/28 (Call 08/01/28)		2,453		2,259,363
3.50%, 03/01/39 (Call 09/01/38)		2,169		1,643,259
3.55%, 03/01/38 (Call 09/01/37)		1,393		1,076,518

Security	Par (000)		Value
Aerospace & Defense (continued)
3.60%, 05/01/34 (Call 02/01/34)	$	3,151	$	2,656,892
3.63%, 02/01/31 (Call 11/01/30)		1,957		1,751,968
3.63%, 03/01/48 (Call 09/01/47)		2,083		1,447,177
3.65%, 03/01/47 (Call 09/01/46)		1,701		1,199,156
3.75%, 02/01/50 (Call 08/01/49)		5,253		3,720,972
3.83%, 03/01/59 (Call 09/01/58)		1,702		1,177,142
3.85%, 11/01/48 (Call 05/01/48)		1,749		1,268,252
3.90%, 05/01/49 (Call 11/01/48)		3,751		2,750,864
3.95%, 08/01/59 (Call 02/01/59)		4,383		3,096,774
4.88%, 05/01/25 (Call 04/01/25)		11,962		11,857,544
5.04%, 05/01/27 (Call 03/01/27)		7,684		7,612,947
5.15%, 05/01/30 (Call 02/01/30)		13,388		13,162,114
5.71%, 05/01/40 (Call 11/01/39)		8,927		8,691,048
5.81%, 05/01/50 (Call 11/01/49)		20,696		19,890,110
5.88%, 02/15/40		2,008		1,978,684
5.93%, 05/01/60 (Call 11/01/59)		12,875		12,304,086
6.13%, 02/15/33		1,818		1,885,845
6.63%, 02/15/38(b)		1,244		1,313,228
6.88%, 03/15/39		2,351		2,554,716
General Dynamics Corp.
1.15%, 06/01/26 (Call 05/01/26)		3,230		2,973,579
2.13%, 08/15/26 (Call 05/15/26)		3,698		3,460,215
2.25%, 06/01/31 (Call 03/01/31)		1,975		1,656,502
2.63%, 11/15/27 (Call 08/15/27)		2,539		2,348,203
2.85%, 06/01/41 (Call 12/01/40)		2,834		2,052,113
3.25%, 04/01/25 (Call 03/01/25)		3,829		3,748,802
3.50%, 05/15/25 (Call 03/15/25)		2,902		2,846,308
3.50%, 04/01/27 (Call 02/01/27)		2,717		2,614,291
3.60%, 11/15/42 (Call 05/15/42)		1,093		879,844
3.63%, 04/01/30 (Call 01/01/30)		4,987		4,653,448
3.75%, 05/15/28 (Call 02/15/28)		4,713		4,535,245
4.25%, 04/01/40 (Call 10/01/39)		3,814		3,400,269
4.25%, 04/01/50 (Call 10/01/49)		3,765		3,240,751
HEICO Corp.
5.25%, 08/01/28 (Call 07/01/28)		1,160		1,167,376
5.35%, 08/01/33 (Call 05/01/33)		1,130		1,123,157
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		1,985		1,889,817
4.95%, 08/15/25 (Call 05/15/25)		1,532		1,511,914
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)		340		304,742
5.95%, 02/01/37(b)		235		239,961
6.75%, 01/15/28		20		20,854
L3Harris Technologies Inc.
1.80%, 01/15/31 (Call 10/15/30)		3,480		2,797,944
2.90%, 12/15/29 (Call 09/15/29)		2,736		2,424,836
3.83%, 04/27/25 (Call 01/27/25)		3,136		3,077,441
3.85%, 12/15/26 (Call 09/15/26)		5,332		5,150,278
4.40%, 06/15/28 (Call 03/15/28)		8,704		8,451,993
4.85%, 04/27/35 (Call 10/27/34)		1,766		1,673,231
5.05%, 04/27/45 (Call 10/27/44)		1,763		1,648,010
5.40%, 01/15/27		3,925		3,950,531
5.40%, 07/31/33 (Call 04/30/33)		4,210		4,212,630
5.60%, 07/31/53 (Call 01/31/53)		1,570		1,578,381
6.15%, 12/15/40		2,300		2,414,669
Lockheed Martin Corp.
1.85%, 06/15/30 (Call 03/15/30)		2,040		1,705,623
2.80%, 06/15/50 (Call 12/15/49)(b)		4,128		2,725,283
3.55%, 01/15/26 (Call 10/15/25)		5,568		5,424,839
3.60%, 03/01/35 (Call 09/01/34)		2,143		1,871,278
3.80%, 03/01/45 (Call 09/01/44)		4,780		3,871,670

10 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Aerospace & Defense (continued)
3.90%, 06/15/32 (Call 03/15/32)	$	3,485	$	3,230,516
4.07%, 12/15/42		3,273		2,805,256
4.09%, 09/15/52 (Call 03/15/52)		6,751		5,607,716
4.15%, 06/15/53 (Call 12/15/52)		4,230		3,504,206
4.30%, 06/15/62 (Call 12/15/61)		4,180		3,480,325
4.45%, 05/15/28 (Call 04/15/28)		1,185		1,167,474
4.50%, 02/15/29 (Call 01/15/29)		1,715		1,684,998
4.50%, 05/15/36 (Call 11/15/35)		2,120		2,005,326
4.70%, 05/15/46 (Call 11/15/45)		4,989		4,599,279
4.75%, 02/15/34 (Call 11/15/33)		3,185		3,111,509
4.80%, 08/15/34 (Call 05/15/34)		2,180		2,133,613
4.95%, 10/15/25 (Call 09/15/25)		1,095		1,093,459
5.10%, 11/15/27 (Call 10/15/27)		4,005		4,047,729
5.20%, 02/15/55 (Call 08/15/54)		1,280		1,258,345
5.20%, 02/15/64 (Call 08/15/63)		1,420		1,387,246
5.25%, 01/15/33 (Call 10/15/32)		3,930		4,005,163
5.70%, 11/15/54 (Call 05/15/54)		2,015		2,124,343
5.72%, 06/01/40(b)		1,342		1,408,874
5.90%, 11/15/63 (Call 05/15/63)		1,969		2,135,654
Series B, 6.15%, 09/01/36		2,380		2,574,275
Northrop Grumman Corp.
3.20%, 02/01/27 (Call 11/01/26)		2,871		2,735,748
3.25%, 01/15/28 (Call 10/15/27)		8,848		8,296,857
3.85%, 04/15/45 (Call 10/15/44)		2,424		1,924,020
4.03%, 10/15/47 (Call 04/15/47)		8,856		7,130,604
4.40%, 05/01/30 (Call 02/01/30)		1,647		1,587,128
4.60%, 02/01/29 (Call 01/01/29)		2,270		2,224,614
4.70%, 03/15/33 (Call 12/15/32)		3,480		3,356,635
4.75%, 06/01/43		4,219		3,831,470
4.90%, 06/01/34 (Call 03/01/34)		2,270		2,210,652
4.95%, 03/15/53 (Call 09/15/52)		3,105		2,873,964
5.05%, 11/15/40		1,868		1,792,365
5.15%, 05/01/40 (Call 11/01/39)		2,205		2,140,206
5.20%, 06/01/54 (Call 12/01/53)		4,640		4,460,663
5.25%, 05/01/50 (Call 11/01/49)		4,098		3,955,327
RTX Corp.
1.90%, 09/01/31 (Call 06/01/31)		3,691		2,938,712
2.25%, 07/01/30 (Call 04/01/30)		4,460		3,774,538
2.38%, 03/15/32 (Call 12/15/31)		3,957		3,206,941
2.65%, 11/01/26 (Call 08/01/26)		2,155		2,027,924
2.82%, 09/01/51 (Call 03/01/51)		4,264		2,658,156
3.03%, 03/15/52 (Call 09/15/51)		5,287		3,438,634
3.13%, 05/04/27 (Call 02/04/27)		5,166		4,875,427
3.13%, 07/01/50 (Call 01/01/50)		5,085		3,417,852
3.50%, 03/15/27 (Call 12/15/26)		5,450		5,208,641
3.75%, 11/01/46 (Call 05/01/46)		4,809		3,651,169
3.95%, 08/16/25 (Call 06/16/25)		6,589		6,463,178
4.05%, 05/04/47 (Call 11/04/46)		3,423		2,742,107
4.13%, 11/16/28 (Call 08/16/28)		9,374		9,002,974
4.15%, 05/15/45 (Call 11/16/44)		4,555		3,721,448
4.35%, 04/15/47 (Call 10/15/46)		5,096		4,257,703
4.45%, 11/16/38 (Call 05/16/38)		3,265		2,899,517
4.50%, 06/01/42		14,487		12,670,875
4.63%, 11/16/48 (Call 05/16/48)		6,503		5,646,800
4.70%, 12/15/41		2,300		2,055,080
4.80%, 12/15/43 (Call 06/15/43)		2,709		2,432,853
4.88%, 10/15/40		1,039		961,275
5.00%, 02/27/26 (Call 01/27/26)		2,260		2,254,227
5.15%, 02/27/33 (Call 11/27/32)		4,880		4,830,037
5.38%, 02/27/53 (Call 08/27/52)		3,840		3,706,214
5.40%, 05/01/35		582		587,078

Security	Par (000)		Value
Aerospace & Defense (continued)
5.70%, 04/15/40	$	580	$	581,651
5.75%, 11/08/26 (Call 10/08/26)		5,200		5,275,691
5.75%, 01/15/29 (Call 12/15/28)		3,045		3,134,704
6.00%, 03/15/31 (Call 01/15/31)		7,470		7,781,198
6.05%, 06/01/36		220		230,362
6.10%, 03/15/34 (Call 12/15/33)		5,860		6,195,992
6.13%, 07/15/38		1,070		1,130,141
6.40%, 03/15/54 (Call 09/15/53)		2,890		3,199,124
7.20%, 08/15/27		2,228		2,380,540
7.50%, 09/15/29		1,858		2,062,422
				484,656,916
Agriculture — 0.3%
Altria Group Inc.
2.35%, 05/06/25 (Call 04/06/25)		4,200		4,053,700
2.45%, 02/04/32 (Call 11/04/31)		7,535		6,031,547
2.63%, 09/16/26 (Call 06/16/26)(b)		2,810		2,639,868
3.40%, 05/06/30 (Call 02/06/30)		4,114		3,702,594
3.40%, 02/04/41 (Call 08/04/40)		5,742		4,126,411
3.70%, 02/04/51 (Call 08/04/50)		5,432		3,699,170
3.88%, 09/16/46 (Call 03/16/46)		6,512		4,760,271
4.00%, 02/04/61 (Call 08/04/60)		3,795		2,710,480
4.25%, 08/09/42		3,929		3,141,946
4.40%, 02/14/26 (Call 12/14/25)		5,386		5,299,742
4.45%, 05/06/50 (Call 11/06/49)		2,443		1,912,269
4.50%, 05/02/43		2,808		2,325,124
4.80%, 02/14/29 (Call 11/14/28)		4,789		4,703,883
5.38%, 01/31/44(b)		7,187		6,985,753
5.80%, 02/14/39 (Call 08/14/38)		8,182		8,149,818
5.95%, 02/14/49 (Call 08/14/48)		8,232		8,193,675
6.20%, 11/01/28 (Call 10/01/28)		1,690		1,754,582
6.88%, 11/01/33 (Call 08/01/33)		1,110		1,195,378
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)		5,960		5,611,637
2.70%, 09/15/51 (Call 03/15/51)		1,460		924,861
2.90%, 03/01/32 (Call 12/01/31)		2,505		2,134,715
3.25%, 03/27/30 (Call 12/27/29)		4,256		3,850,442
3.75%, 09/15/47 (Call 03/15/47)		2,819		2,140,140
4.02%, 04/16/43		1,747		1,433,833
4.50%, 08/15/33 (Call 05/15/33)(b)		1,540		1,467,751
4.50%, 03/15/49 (Call 09/15/48)		3,314		2,892,889
4.54%, 03/26/42		1,252		1,123,721
5.38%, 09/15/35		666		669,965
5.94%, 10/01/32(b)		802		848,294
BAT Capital Corp.
2.26%, 03/25/28 (Call 01/25/28)		3,415		3,021,193
2.73%, 03/25/31 (Call 12/25/30)		5,028		4,145,144
3.22%, 09/06/26 (Call 07/06/26)		6,011		5,694,706
3.46%, 09/06/29 (Call 06/06/29)		2,022		1,829,470
3.56%, 08/15/27 (Call 05/15/27)		3,308		3,123,540
3.73%, 09/25/40 (Call 03/25/40)		2,963		2,136,545
3.98%, 09/25/50 (Call 03/25/50)		4,091		2,792,582
4.39%, 08/15/37 (Call 02/15/37)		9,599		7,873,599
4.54%, 08/15/47 (Call 02/15/47)		9,541		7,111,267
4.70%, 04/02/27 (Call 02/02/27)		4,044		3,956,272
4.74%, 03/16/32 (Call 12/16/31)		3,600		3,385,866
4.76%, 09/06/49 (Call 03/06/49)		4,013		3,095,164
4.91%, 04/02/30 (Call 01/02/30)		3,923		3,810,817
5.28%, 04/02/50 (Call 10/02/49)		2,217		1,833,871
5.65%, 03/16/52 (Call 09/16/51)		2,430		2,133,082
5.83%, 02/20/31 (Call 12/20/30)		1,355		1,350,074
6.00%, 02/20/34 (Call 11/20/33)		855		846,693

S C H E D U L E O F I N V E S T M E N T S 11

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Agriculture (continued)
6.34%, 08/02/30 (Call 06/02/30)	$	4,235	$	4,370,837
6.42%, 08/02/33 (Call 05/02/33)(b)		4,930		5,060,090
7.08%, 08/02/43 (Call 02/02/43)		3,135		3,263,787
7.08%, 08/02/53 (Call 02/02/53)		4,040		4,187,886
7.75%, 10/19/32 (Call 07/19/32)		2,485		2,770,922
BAT International Finance PLC
1.67%, 03/25/26 (Call 02/25/26)		4,119		3,816,566
4.45%, 03/16/28 (Call 02/16/28)		4,530		4,369,161
5.93%, 02/02/29 (Call 01/02/29)		4,085		4,169,955
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		4,480		4,240,952
2.75%, 05/14/31 (Call 02/14/31)		5,250		4,466,682
3.25%, 08/15/26 (Call 05/15/26)		3,928		3,744,862
3.75%, 09/25/27 (Call 06/25/27)		3,021		2,890,213
Philip Morris International Inc.
0.88%, 05/01/26 (Call 04/01/26)		2,814		2,571,042
1.50%, 05/01/25 (Call 04/01/25)		3,659		3,506,226
1.75%, 11/01/30 (Call 08/01/30)		3,138		2,534,904
2.10%, 05/01/30 (Call 02/01/30)		2,468		2,079,782
2.75%, 02/25/26 (Call 11/25/25)		4,305		4,111,929
3.13%, 08/17/27 (Call 05/17/27)		2,635		2,477,494
3.13%, 03/02/28 (Call 12/02/27)		3,086		2,866,416
3.38%, 08/11/25 (Call 05/11/25)		4,153		4,049,642
3.38%, 08/15/29 (Call 05/15/29)		5,278		4,845,592
3.88%, 08/21/42		4,836		3,811,295
4.13%, 03/04/43		2,779		2,266,154
4.25%, 11/10/44		2,708		2,232,665
4.38%, 11/15/41		4,457		3,788,008
4.50%, 03/20/42		4,380		3,781,119
4.75%, 02/12/27		2,675		2,641,348
4.88%, 02/13/26		5,435		5,408,335
4.88%, 02/15/28 (Call 01/15/28)		5,885		5,850,548
4.88%, 02/13/29 (Call 01/13/29)		2,985		2,933,290
4.88%, 11/15/43		2,075		1,864,759
5.00%, 11/17/25		4,260		4,245,580
5.13%, 11/17/27 (Call 10/17/27)		5,477		5,485,224
5.13%, 02/15/30 (Call 12/15/29)		5,610		5,582,747
5.13%, 02/13/31 (Call 12/13/30)		2,955		2,907,607
5.25%, 09/07/28 (Call 08/07/28)		1,415		1,425,267
5.25%, 02/13/34 (Call 11/13/33)		3,325		3,248,658
5.38%, 02/15/33 (Call 11/15/32)		6,790		6,762,758
5.50%, 09/07/30 (Call 07/07/30)		1,580		1,594,112
5.63%, 11/17/29 (Call 09/17/29)		4,610		4,720,633
5.63%, 09/07/33 (Call 06/07/33)		2,035		2,053,822
5.75%, 11/17/32 (Call 08/17/32)		3,771		3,843,583
6.38%, 05/16/38		5,073		5,474,757
Reynolds American Inc.
4.45%, 06/12/25 (Call 03/12/25)		7,032		6,924,854
5.70%, 08/15/35 (Call 02/15/35)		2,994		2,859,776
5.85%, 08/15/45 (Call 02/15/45)		8,758		7,936,534
6.15%, 09/15/43		2,251		2,174,357
7.25%, 06/15/37		2,160		2,297,741
				337,134,815
Airlines — 0.1%
American Airlines Pass Through Trust
Series 2014-1, Class A, 3.70%, 04/01/28		578		547,825
Series 2015-1, Class A, 3.38%, 11/01/28(b)		1,030		963,890
Series 2015-2, Class AA, 3.60%, 03/22/29(b)		1,786		1,675,867
Series 2016-1, Class AA, 3.58%, 07/15/29		1,373		1,280,551
Series 2016-2, Class AA, 3.20%, 12/15/29		2,122		1,938,606

Security	Par (000)		Value
Airlines (continued)
Series 2016-3, Class AA, 3.00%, 04/15/30(b)	$	905	$	819,376
Series 2017-1, Class AA, 3.65%, 02/15/29		2,433		2,250,846
Series 2017-2, Class AA, 3.35%, 04/15/31(b)		2,190		1,996,861
Series 2019-1, Class AA, 3.15%, 08/15/33(b)		2,535		2,223,372
Series A, Class A, 2.88%, 01/11/36		4,805		4,045,083
Delta Air Lines Pass Through Trust, Series 2020, Class AA, 2.00%, 12/10/29		4,665		4,161,538
JetBlue Pass Through Trust
Series 1A, Class A, 4.00%, 05/15/34(b)		2,564		2,340,396
Series 2019-1, Class AA, 2.75%, 11/15/33		1,915		1,619,057
Southwest Airlines Co.
2.63%, 02/10/30 (Call 11/10/29)		2,358		2,038,225
3.00%, 11/15/26 (Call 08/15/26)		2,095		1,977,392
3.45%, 11/16/27 (Call 08/16/27)		1,703		1,600,970
5.13%, 06/15/27 (Call 04/15/27)		8,567		8,538,053
5.25%, 05/04/25 (Call 04/04/25)		6,684		6,664,865
United Airlines Pass Through Trust 5.80%, 07/15/37		6,486		6,540,810
Series 2013-1, Class A, 4.30%, 02/15/27		2,410		2,349,774
Series 2014-1, Class A, 4.00%, 10/11/27(b)		2,288		2,200,837
Series 2014-2, Class A, 3.75%, 03/03/28(b)		3,506		3,358,255
Series 2016-1, Class AA, 3.10%, 01/07/30(b)		2,710		2,459,652
Series 2016-2, Class AA, 2.88%, 04/07/30		2,459		2,213,791
Series 2018-1, Class AA, 3.50%, 09/01/31		3,262		2,976,156
Series 2019, Class AA, 4.15%, 02/25/33		1,017		940,761
Series 2019-2, Class AA, 2.70%, 11/01/33		3,102		2,638,194
Series 2020-1, 5.88%, 04/15/29		4,575		4,602,324
Series 2020-1, Class B, 4.88%, 07/15/27(b)		2,415		2,376,283
				79,339,610
Alternate Investments — 0.0%
New Mountain Finance Corp., 6.88%, 02/01/29 (Call 01/01/29)		20		19,576
Oaktree Strategic Credit Fund, 8.40%, 11/14/28 (Call 10/14/28)(b)(c)		200		209,846
				229,422
Apparel — 0.1%
NIKE Inc.
2.38%, 11/01/26 (Call 08/01/26)		4,243		3,991,583
2.40%, 03/27/25 (Call 02/27/25)		6,371		6,192,342
2.75%, 03/27/27 (Call 01/27/27)		6,103		5,754,479
2.85%, 03/27/30 (Call 12/27/29)		7,020		6,310,131
3.25%, 03/27/40 (Call 09/27/39)		4,290		3,419,568
3.38%, 11/01/46 (Call 05/01/46)		3,545		2,679,041
3.38%, 03/27/50 (Call 09/27/49)(b)		4,607		3,492,969
3.63%, 05/01/43 (Call 11/01/42)		2,539		2,069,431
3.88%, 11/01/45 (Call 05/01/45)		5,583		4,614,585
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		2,768		2,729,234
Ralph Lauren Corp.
2.95%, 06/15/30 (Call 03/15/30)		2,479		2,204,118
3.75%, 09/15/25 (Call 07/15/25)(b)		2,919		2,852,803
Tapestry Inc.
3.05%, 03/15/32 (Call 12/15/31)		2,308		1,870,943
4.13%, 07/15/27 (Call 04/15/27)		1,526		1,449,234
4.25%, 04/01/25 (Call 01/01/25)(b)		330		324,926
7.00%, 11/27/26		4,860		4,991,258
7.05%, 11/27/25		1,875		1,910,051

12 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Apparel (continued)
7.35%, 11/27/28 (Call 10/27/28)	$	4,195	$	4,389,627
7.70%, 11/27/30 (Call 09/27/30)		2,319		2,463,538
7.85%, 11/27/33 (Call 08/27/33)		2,040		2,207,195
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)		3,864		3,706,997
2.80%, 04/23/27 (Call 02/23/27)		3,219		2,918,662
2.95%, 04/23/30 (Call 01/23/30)(b)		3,644		3,005,885
				75,548,600
Auto Manufacturers — 0.5%
American Honda Finance Corp.
1.00%, 09/10/25		1,404		1,319,410
1.20%, 07/08/25		2,751		2,609,290
1.30%, 09/09/26		4,015		3,665,693
1.80%, 01/13/31		1,932		1,586,300
2.00%, 03/24/28		3,020		2,704,978
2.25%, 01/12/29		3,975		3,529,802
2.30%, 09/09/26		3,291		3,086,760
2.35%, 01/08/27		2,096		1,955,395
3.50%, 02/15/28		3,346		3,177,571
4.60%, 04/17/30		3,630		3,555,198
4.70%, 01/12/28		2,310		2,298,238
4.75%, 01/12/26		805		799,729
4.90%, 01/10/34		1,615		1,575,262
4.95%, 01/09/26		2,710		2,701,761
5.00%, 05/23/25		2,035		2,029,649
5.13%, 07/07/28		2,505		2,525,273
5.25%, 07/07/26		1,805		1,817,679
5.65%, 11/15/28		2,735		2,812,181
5.80%, 10/03/25		2,015		2,034,740
5.85%, 10/04/30		2,885		3,002,159
Series A, 4.60%, 04/17/25		3,140		3,118,603
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)(b)		2,095		1,965,176
1.50%, 09/01/30 (Call 06/01/30)		2,409		1,945,884
2.60%, 09/01/50 (Call 03/01/50)(b)		4,305		2,699,869
4.88%, 10/01/43 (Call 04/01/43)		1,491		1,406,946
4.90%, 02/20/29 (Call 01/20/29)		655		651,739
5.15%, 02/20/34 (Call 11/20/33)		360		359,641
5.45%, 02/20/54 (Call 08/20/53)		360		361,885
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)		8,375		6,874,960
4.35%, 12/08/26 (Call 09/08/26)		380		369,083
4.75%, 01/15/43		9,020		7,311,791
5.29%, 12/08/46 (Call 06/08/46)(b)		4,370		3,779,818
6.10%, 08/19/32 (Call 05/19/32)		6,145		6,128,094
6.63%, 10/01/28(b)		272		284,130
7.40%, 11/01/46		1,585		1,697,944
7.45%, 07/16/31		3,190		3,436,007
9.63%, 04/22/30 (Call 01/22/30)		360		420,886
Ford Motor Credit Co. LLC
2.70%, 08/10/26 (Call 07/10/26)		3,365		3,123,932
2.90%, 02/16/28 (Call 12/16/27)		1,160		1,039,891
2.90%, 02/10/29 (Call 12/10/28)		1,330		1,158,996
3.38%, 11/13/25 (Call 10/13/25)		8,110		7,782,624
3.63%, 06/17/31 (Call 03/17/31)		2,910		2,480,246
3.82%, 11/02/27 (Call 08/02/27)		601		560,627
4.00%, 11/13/30 (Call 08/13/30)		7,130		6,302,650
4.13%, 08/04/25		4,800		4,684,094
4.13%, 08/17/27 (Call 06/17/27)		2,480		2,343,988
4.27%, 01/09/27 (Call 11/09/26)		1,130		1,082,391
4.39%, 01/08/26		7,810		7,598,365

Security	Par (000)		Value
Auto Manufacturers (continued)
4.54%, 08/01/26 (Call 06/01/26)	$	4,406	$	4,270,023
4.69%, 06/09/25 (Call 04/09/25)(b)		1,300		1,281,163
4.95%, 05/28/27 (Call 04/28/27)		3,225		3,135,248
5.11%, 05/03/29 (Call 02/03/29)		6,875		6,626,280
5.13%, 06/16/25 (Call 05/16/25)		465		460,408
5.80%, 03/05/27 (Call 02/05/27)		7,620		7,609,312
6.05%, 03/05/31 (Call 01/05/31)(b)		3,850		3,832,641
6.80%, 05/12/28 (Call 04/12/28)		5,865		6,053,357
6.80%, 11/07/28 (Call 10/07/28)		7,580		7,849,242
6.95%, 03/06/26 (Call 02/06/26)		5,365		5,461,862
6.95%, 06/10/26 (Call 05/10/26)		6,260		6,382,284
7.12%, 11/07/33 (Call 08/07/33)		5,570		5,942,369
7.20%, 06/10/30 (Call 04/10/30)		2,470		2,605,353
7.35%, 11/04/27 (Call 10/04/27)		6,260		6,541,184
7.35%, 03/06/30 (Call 01/06/30)		4,630		4,902,657
General Motors Co.
4.00%, 04/01/25		2,429		2,390,403
4.20%, 10/01/27 (Call 07/01/27)		3,604		3,471,045
5.00%, 10/01/28 (Call 07/01/28)(b)		3,595		3,570,710
5.00%, 04/01/35		3,353		3,134,836
5.15%, 04/01/38 (Call 10/01/37)		4,050		3,749,216
5.20%, 04/01/45		5,157		4,551,922
5.40%, 10/15/29 (Call 08/15/29)		2,440		2,431,981
5.40%, 04/01/48 (Call 10/01/47)		3,426		3,072,870
5.60%, 10/15/32 (Call 07/15/32)		5,235		5,219,839
5.95%, 04/01/49 (Call 10/01/48)(b)		3,822		3,672,854
6.13%, 10/01/25 (Call 09/01/25)		8,621		8,692,167
6.25%, 10/02/43		4,785		4,802,522
6.60%, 04/01/36 (Call 10/01/35)		5,065		5,309,927
6.75%, 04/01/46 (Call 10/01/45)(b)		3,442		3,638,022
6.80%, 10/01/27 (Call 08/01/27)		4,451		4,647,738
General Motors Financial Co. Inc.
1.25%, 01/08/26 (Call 12/08/25)		2,353		2,180,464
1.50%, 06/10/26 (Call 05/10/26)		6,625		6,068,909
2.35%, 02/26/27 (Call 01/26/27)		4,230		3,878,162
2.35%, 01/08/31 (Call 10/08/30)		2,450		1,996,616
2.40%, 04/10/28 (Call 02/10/28)		3,560		3,173,314
2.40%, 10/15/28 (Call 08/15/28)		5,082		4,465,091
2.70%, 08/20/27 (Call 06/20/27)		2,924		2,682,457
2.70%, 06/10/31 (Call 03/10/31)		5,000		4,114,063
2.75%, 06/20/25 (Call 05/20/25)		5,954		5,746,422
3.10%, 01/12/32 (Call 10/12/31)		3,582		2,991,663
3.60%, 06/21/30 (Call 03/21/30)		3,471		3,112,884
3.80%, 04/07/25		800		784,195
3.85%, 01/05/28 (Call 10/05/27)		2,239		2,125,226
4.00%, 10/06/26 (Call 07/06/26)		3,870		3,741,326
4.30%, 07/13/25 (Call 04/13/25)		3,153		3,100,901
4.30%, 04/06/29 (Call 02/06/29)		1,520		1,441,577
4.35%, 04/09/25 (Call 02/09/25)		3,362		3,318,540
4.35%, 01/17/27 (Call 10/17/26)		5,444		5,298,376
5.00%, 04/09/27 (Call 03/09/27)		4,830		4,778,877
5.25%, 03/01/26 (Call 12/01/25)		5,630		5,612,076
5.40%, 04/06/26		2,460		2,461,198
5.40%, 05/08/27		830		830,933
5.65%, 01/17/29 (Call 10/17/28)		2,589		2,609,039
5.75%, 02/08/31 (Call 12/08/30)		1,225		1,221,481
5.80%, 06/23/28 (Call 05/23/28)		2,905		2,946,704
5.80%, 01/07/29 (Call 12/07/28)		4,190		4,245,304
5.85%, 04/06/30 (Call 02/06/30)(b)		2,300		2,332,378
6.00%, 01/09/28 (Call 12/09/27)		3,580		3,658,557
6.05%, 10/10/25		5,547		5,590,443

S C H E D U L E O F I N V E S T M E N T S 13

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
6.10%, 01/07/34 (Call 10/07/33)	$	3,442	$	3,476,857
6.40%, 01/09/33 (Call 10/09/32)		4,738		4,920,204
Honda Motor Co. Ltd.
2.27%, 03/10/25 (Call 02/10/25)(b)		1,480		1,436,543
2.53%, 03/10/27 (Call 02/10/27)		1,340		1,252,036
2.97%, 03/10/32 (Call 12/10/31)		3,740		3,283,902
Mercedes-Benz Finance North America LLC,
8.50%, 01/18/31		6,149		7,461,111
PACCAR Financial Corp.
1.10%, 05/11/26		2,584		2,381,983
2.00%, 02/04/27(b)		1,655		1,526,853
2.85%, 04/07/25		115		112,302
3.55%, 08/11/25(b)		1,853		1,814,716
4.45%, 03/30/26		1,255		1,243,959
4.60%, 01/10/28		1,415		1,407,546
4.60%, 01/31/29		1,525		1,510,138
4.95%, 10/03/25		2,479		2,474,513
4.95%, 08/10/28		90		90,610
5.05%, 08/10/26		550		552,101
5.20%, 11/09/26		1,485		1,497,871
Toyota Motor Corp.
1.34%, 03/25/26 (Call 02/25/26)		3,455		3,207,575
2.36%, 03/25/31 (Call 12/25/30)(b)		1,975		1,701,650
2.76%, 07/02/29(b)		1,208		1,112,528
3.67%, 07/20/28(b)		1,930		1,871,486
5.12%, 07/13/28 (Call 06/13/28)		1,718		1,750,622
5.12%, 07/13/33 (Call 04/13/33)(b)		1,370		1,435,820
5.28%, 07/13/26 (Call 06/13/26)		1,205		1,213,454
Toyota Motor Credit Corp.
0.80%, 10/16/25		1,664		1,555,267
0.80%, 01/09/26		655		607,489
1.13%, 06/18/26		6,119		5,614,937
1.15%, 08/13/27		2,222		1,968,515
1.65%, 01/10/31		3,240		2,628,913
1.90%, 01/13/27		3,735		3,439,435
1.90%, 04/06/28		3,749		3,350,031
1.90%, 09/12/31		2,905		2,360,317
2.15%, 02/13/30		4,380		3,762,938
2.40%, 01/13/32		635		531,100
3.00%, 04/01/25		7,148		6,984,081
3.05%, 03/22/27		6,935		6,576,439
3.05%, 01/11/28		3,265		3,073,553
3.20%, 01/11/27		4,817		4,602,180
3.38%, 04/01/30		4,069		3,739,965
3.40%, 04/14/25		3,775		3,699,543
3.65%, 08/18/25		3,645		3,571,401
3.65%, 01/08/29		3,235		3,061,073
3.95%, 06/30/25		4,160		4,096,781
4.45%, 05/18/26		3,010		2,978,275
4.45%, 06/29/29		3,640		3,574,067
4.55%, 09/20/27		1,585		1,571,488
4.55%, 05/17/30		3,125		3,059,742
4.63%, 01/12/28		2,890		2,873,764
4.65%, 01/05/29		1,840		1,820,389
4.70%, 01/12/33(b)		2,035		2,006,712
4.80%, 01/05/26		2,160		2,150,779
4.80%, 01/05/34		730		711,551
5.00%, 08/14/26		4,635		4,634,127
5.25%, 09/11/28		1,705		1,729,449
5.40%, 11/10/25		4,055		4,079,975
5.40%, 11/20/26		3,450		3,484,768

Security	Par (000)		Value
Auto Manufacturers (continued)
5.45%, 11/10/27	$	4,095	$	4,176,151
5.55%, 11/20/30		4,030		4,159,938
5.60%, 09/11/25		1,180		1,189,927
				519,735,379
Auto Parts & Equipment — 0.0%
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)(b)		6,330		3,963,205
4.35%, 03/15/29 (Call 12/15/28)		1,530		1,478,529
4.40%, 10/01/46 (Call 04/01/46)		1,212		951,895
5.40%, 03/15/49 (Call 09/15/48)(b)		1,602		1,452,557
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)		3,875		3,341,393
4.15%, 05/01/52 (Call 11/01/51)		4,570		3,488,285
BorgWarner Inc.
2.65%, 07/01/27 (Call 05/01/27)		4,753		4,387,054
4.38%, 03/15/45 (Call 09/15/44)		2,230		1,815,093
Lear Corp.
2.60%, 01/15/32 (Call 10/15/31)		1,600		1,302,499
3.50%, 05/30/30 (Call 02/28/30)(b)		1,840		1,644,300
3.55%, 01/15/52 (Call 07/15/51)		1,230		833,808
3.80%, 09/15/27 (Call 06/15/27)		1,959		1,874,907
4.25%, 05/15/29 (Call 02/15/29)		2,385		2,269,449
5.25%, 05/15/49 (Call 11/15/48)		1,910		1,715,170
Magna International Inc.
2.45%, 06/15/30 (Call 03/15/30)		1,243		1,069,107
4.15%, 10/01/25 (Call 07/01/25)		3,564		3,498,353
5.50%, 03/21/33 (Call 12/21/32)		1,430		1,464,860
5.98%, 03/21/26 (Call 03/21/24)		165		165,040
				36,715,504
Banks — 5.5%
Australia & New Zealand Banking Group Ltd.
3.70%, 11/16/25		3,719		3,637,135
4.75%, 01/18/27		5,230		5,211,699
5.09%, 12/08/25		1,760		1,760,803
5.38%, 07/03/25		4,340		4,353,253
5.67%, 10/03/25		5,440		5,489,143
Banco Bilbao Vizcaya Argentaria SA
1.13%, 09/18/25		5,915		5,529,029
5.86%, 09/14/26 (Call 09/14/25), (1-year CMT + 2.300%)(a)(b)		4,680		4,678,495
6.14%, 09/14/28 (Call 09/14/27), (1-year CMT + 2.700%)(a)		600		608,318
7.88%, 11/15/34 (Call 11/15/33), (1-year CMT + 3.300%)(a)		2,625		2,796,203
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)(a)		4,563		4,126,727
1.85%, 03/25/26		6,289		5,836,365
2.75%, 05/28/25		8,089		7,803,883
2.75%, 12/03/30		3,800		3,094,620
2.96%, 03/25/31		3,980		3,389,756
3.23%, 11/22/32 (Call 08/22/31), (1-year CMT + 1.600%)(a)		4,530		3,739,207
3.31%, 06/27/29		6,112		5,537,588
3.49%, 05/28/30		4,443		3,981,232
3.50%, 03/24/25		1,260		1,234,660
3.80%, 02/23/28		3,384		3,187,435
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)(a)		5,223		4,999,864
4.25%, 04/11/27		6,848		6,598,325

14 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.38%, 04/12/28	$	4,494	$	4,318,017
5.15%, 08/18/25		3,435		3,408,692
5.18%, 11/19/25		6,886		6,789,857
5.29%, 08/18/27		4,823		4,785,932
5.59%, 08/08/28		5,900		5,945,715
6.53%, 11/07/27 (Call 11/07/26),
(1-year CMT + 1.650%)(a)		4,400		4,502,248
6.61%, 11/07/28		4,400		4,623,222
6.92%, 08/08/33		4,875		5,064,625
6.94%, 11/07/33		5,200		5,669,150
Bank of America Corp.
1.20%, 10/24/26 (Call 10/24/25),
(1-day SOFR + 1.010%)(a)		10,653		9,924,759
1.32%, 06/19/26 (Call 06/19/25),
(1-day SOFR + 1.150%)(a)		12,108		11,463,612
1.73%, 07/22/27 (Call 07/22/26),
(1-day SOFR + 0.960%)(a)		20,233		18,547,884
1.90%, 07/23/31 (Call 07/23/30),
(1-day SOFR + 1.530%)(a)		6,265		5,082,652
1.92%, 10/24/31 (Call 10/24/30),
(1-day SOFR + 1.370%)(a)		12,056		9,728,534
2.09%, 06/14/29 (Call 06/14/28),
(1-day SOFR + 1.060%)(a)		9,640		8,459,485
2.30%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.220%)(a)		16,385		13,255,184
2.48%, 09/21/36 (Call 09/21/31),
(5-year CMT + 1.200%)(a)		12,165		9,608,261
2.50%, 02/13/31 (Call 02/13/30),
(3-mo. SOFR + 1.252%)(a)		15,790		13,461,335
2.55%, 02/04/28 (Call 02/04/27),
(1-day SOFR + 1.050%)(a)		10,260		9,488,712
2.57%, 10/20/32 (Call 10/20/31),
(1-day SOFR + 1.210%)(a)		11,075		9,087,534
2.59%, 04/29/31 (Call 04/29/30),
(1-day SOFR + 2.150%)(a)		14,104		12,022,624
2.68%, 06/19/41 (Call 06/19/40),
(1-day SOFR + 1.930%)(a)		19,787		13,802,038
2.69%, 04/22/32 (Call 04/22/31),
(1-day SOFR + 1.320%)(a)		15,954		13,353,202
2.83%, 10/24/51 (Call 10/24/50),
(1-day SOFR + 1.880%)(a)		4,279		2,743,370
2.88%, 10/22/30 (Call 10/22/29),
(3-mo. SOFR + 1.452%)(a)		8,618		7,594,525
2.97%, 02/04/33 (Call 02/04/32),
(1-day SOFR + 1.330%)(a)		16,265		13,659,689
2.97%, 07/21/52 (Call 07/21/51),
(1-day SOFR + 1.560%)(a)		8,375		5,565,926
3.19%, 07/23/30 (Call 07/23/29),
(3-mo. SOFR + 1.442%)(a)		10,334		9,297,822
3.25%, 10/21/27 (Call 10/21/26)		11,735		11,084,829
3.31%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.580%)(a)		13,905		10,539,132
3.38%, 04/02/26 (Call 04/02/25),
(1-day SOFR + 1.330%)(a)		8,524		8,323,859
3.42%, 12/20/28 (Call 12/20/27),
(3-mo. SOFR + 1.302%)(a)		23,022		21,513,524
3.50%, 04/19/26		11,106		10,761,088
3.56%, 04/23/27 (Call 04/23/26),
(3-mo. SOFR + 1.322%)(a)		9,927		9,547,254
3.59%, 07/21/28 (Call 07/21/27),
(3-mo. SOFR + 1.632%)(a)		9,121		8,636,946

Security	Par (000)		Value
Banks (continued)
3.71%, 04/24/28 (Call 04/24/27),
(3-mo. SOFR + 1.774%)(a)	$	9,299	$	8,856,245
3.82%, 01/20/28 (Call 01/20/27),
(3-mo. SOFR + 1.837%)(a)		11,158		10,719,680
3.85%, 03/08/37 (Call 03/08/32),
(5-year CMT + 2.000%)(a)		3,620		3,160,407
3.88%, 08/01/25		3,158		3,107,535
3.95%, 01/23/49 (Call 01/23/48),
(3-mo. SOFR + 1.452%)(a)		4,790		3,846,993
3.97%, 03/05/29 (Call 03/05/28),
(3-mo. SOFR + 1.332%)(a)		10,375		9,869,203
3.97%, 02/07/30 (Call 02/07/29),
(3-mo. SOFR + 1.472%)(a)		11,898		11,182,091
4.08%, 04/23/40 (Call 04/23/39),
(3-mo. SOFR + 1.582%)(a)		6,289		5,380,653
4.08%, 03/20/51 (Call 03/20/50),
(3-mo. SOFR + 3.412%)(a)		19,638		15,859,179
4.24%, 04/24/38 (Call 04/24/37),
(3-mo. SOFR + 2.076%)(a)		8,598		7,637,556
4.25%, 10/22/26		9,523		9,313,019
4.27%, 07/23/29 (Call 07/23/28),
(3-mo. SOFR + 1.572%)(a)		12,784		12,282,196
4.33%, 03/15/50 (Call 03/15/49),
(3-mo. SOFR + 1.782%)(a)		10,721		9,029,117
4.38%, 04/27/28 (Call 04/27/27),
(1-day SOFR + 1.580%)(a)		6,246		6,079,279
4.44%, 01/20/48 (Call 01/20/47),
(3-mo. SOFR + 2.252%)(a)		8,116		6,981,970
4.45%, 03/03/26		8,476		8,335,921
4.57%, 04/27/33 (Call 04/27/32),
(1-day SOFR + 1.830%)(a)		13,720		12,912,396
4.83%, 07/22/26 (Call 07/22/25),
(1-day SOFR + 1.750%)(a)		9,335		9,255,069
4.88%, 04/01/44		2,008		1,895,435
4.95%, 07/22/28 (Call 07/22/27),
(1-day SOFR + 2.040%)(a)		10,730		10,622,052
5.00%, 01/21/44		8,340		7,976,303
5.02%, 07/22/33 (Call 07/22/32),
(1-day SOFR + 2.160%)(a)		17,380		16,931,312
5.08%, 01/20/27 (Call 01/20/26),
(1-day SOFR + 1.290%)(a)		12,080		12,002,683
5.20%, 04/25/29 (Call 04/25/28),
(1-day SOFR + 1.630%)(a)		12,090		12,021,570
5.29%, 04/25/34 (Call 04/25/33),
(1-day SOFR + 1.910%)(a)		18,595		18,326,866
5.47%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.650%)(a)		9,100		9,075,788
5.82%, 09/15/29 (Call 09/15/28),
(1-day SOFR + 1.570%)(a)		10,660		10,867,003
5.87%, 09/15/34 (Call 09/15/33),
(1-day SOFR + 1.840%)(a)		12,580		12,900,686
5.88%, 02/07/42		6,202		6,596,398
5.93%, 09/15/27 (Call 09/15/26),
(1-day SOFR + 1.340%)(a)		7,495		7,600,404
6.11%, 01/29/37		9,332		9,780,556
6.20%, 11/10/28 (Call 11/10/27),
(1-day SOFR + 1.990%)(a)		7,859		8,102,569
6.22%, 09/15/26		3,479		3,553,777
7.75%, 05/14/38		7,159		8,590,315
Series L, 3.95%, 04/21/25		12,001		11,802,643
Series L, 4.18%, 11/25/27 (Call 11/25/26)		9,183		8,867,585

S C H E D U L E O F I N V E S T M E N T S 15

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Series L, 4.75%, 04/21/45	$	2,337	$	2,123,499
Series N, 1.66%, 03/11/27 (Call 03/11/26),
(1-day SOFR + 0.910%)(a)		11,840		10,992,478
Series N, 2.65%, 03/11/32 (Call 03/11/31),
(1-day SOFR + 1.220%)(a)		11,265		9,422,973
Series N, 3.48%, 03/13/52 (Call 03/13/51),
(1-day SOFR + 1.650%)(a)		4,375		3,208,262
Bank of America NA
5.53%, 08/18/26 (Call 07/18/26)		6,960		7,027,183
5.65%, 08/18/25 (Call 07/18/25)		6,530		6,576,160
6.00%, 10/15/36		6,473		6,750,611
Bank of Montreal
0.95%, 01/22/27 (Call 01/22/26),
(1-day SOFR + 0.603%)(a)		3,715		3,427,696
1.25%, 09/15/26		8,771		7,982,402
1.85%, 05/01/25		7,352		7,063,817
2.65%, 03/08/27		6,060		5,654,038
3.09%, 01/10/37 (Call 01/10/32),
(5-year CMT + 1.400%)(a)		3,265		2,644,314
3.70%, 06/07/25		2,915		2,855,985
3.80%, 12/15/32 (Call 12/15/27),
(5-year USD Swap + 1.432%)(a)		5,191		4,774,761
5.20%, 02/01/28 (Call 01/01/28)		5,445		5,465,179
5.27%, 12/11/26		3,725		3,733,977
5.30%, 06/05/26		3,455		3,463,361
5.72%, 09/25/28 (Call 08/25/28)		4,720		4,839,414
5.92%, 09/25/25		1,990		2,010,513
Series H, 4.70%, 09/14/27 (Call 08/14/27)		5,135		5,083,451
Bank of New York Mellon Corp. (The)
0.75%, 01/28/26 (Call 12/28/25)		1,691		1,559,700
1.05%, 10/15/26 (Call 09/15/26)		2,856		2,579,782
1.60%, 04/24/25 (Call 03/24/25)		2,601		2,498,689
1.65%, 07/14/28 (Call 05/14/28)		2,160		1,892,115
1.65%, 01/28/31 (Call 10/28/30)		1,242		999,699
1.80%, 07/28/31 (Call 04/28/31)		1,975		1,592,672
2.05%, 01/26/27 (Call 12/26/26)(b)		3,935		3,630,881
2.45%, 08/17/26 (Call 05/17/26)		3,581		3,366,737
2.50%, 01/26/32 (Call 10/26/31)		1,745		1,455,892
2.80%, 05/04/26 (Call 02/04/26)		3,832		3,658,086
3.00%, 10/30/28 (Call 07/30/28)		2,279		2,089,636
3.25%, 05/16/27 (Call 02/16/27)		3,732		3,544,759
3.30%, 08/23/29 (Call 05/23/29)		3,764		3,453,291
3.40%, 01/29/28 (Call 10/29/27)		4,394		4,156,047
3.44%, 02/07/28 (Call 02/07/27),
(3-mo. SOFR + 1.331%)(a)		4,426		4,230,207
3.85%, 04/28/28		4,795		4,624,848
3.85%, 04/26/29 (Call 02/26/29)		2,535		2,426,702
3.95%, 11/18/25 (Call 10/18/25)		2,519		2,464,834
3.99%, 06/13/28 (Call 06/13/27),
(1-day SOFR + 1.151%)(a)		2,852		2,761,762
4.29%, 06/13/33 (Call 06/13/32),
(1-day SOFR + 1.418%)(a)		2,717		2,536,950
4.41%, 07/24/26 (Call 07/24/25),
(1-day SOFR + 1.345%)(a)		4,803		4,737,085
4.54%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 1.168%)(a)		3,465		3,401,434
4.60%, 07/26/30 (Call 07/26/29),
(1-day SOFR + 1.755%)(a)		2,285		2,231,562
4.71%, 02/01/34 (Call 02/01/33),
(1-day SOFR + 1.511%)(a)		2,945		2,817,219

Security	Par (000)		Value
Banks (continued)
4.95%, 04/26/27 (Call 04/26/26),
(1-day SOFR + 1.026%)(a)	$	5,565	$	5,535,970
4.97%, 04/26/34 (Call 04/26/33),
(1-day SOFR + 1.606%)(a)		3,895		3,795,364
5.15%, 05/22/26 (Call 05/22/25),
(1-day SOFR + 1.067%)(a)		2,505		2,498,880
5.80%, 10/25/28 (Call 10/25/27),
(1-day SOFR + 1.802%)(a)		3,485		3,568,786
5.83%, 10/25/33 (Call 10/25/32),
(1-day SOFR + 2.074%)(a)		5,500		5,703,586
6.32%, 10/25/29 (Call 10/25/28),
(1-day SOFR + 1.598%)(a)		3,915		4,101,741
6.47%, 10/25/34 (Call 10/25/33),
(1-day SOFR + 1.845%)(a)		4,140		4,478,823
Series J, 1.90%, 01/25/29 (Call 11/25/28)		2,018		1,766,150
Bank of Nova Scotia (The)
1.05%, 03/02/26		4,745		4,375,364
1.30%, 06/11/25		6,807		6,469,667
1.30%, 09/15/26 (Call 06/15/26)		4,140		3,768,073
1.35%, 06/24/26		3,980		3,652,998
1.95%, 02/02/27		2,620		2,404,624
2.15%, 08/01/31		1,886		1,541,133
2.45%, 02/02/32		2,565		2,104,111
2.70%, 08/03/26		5,686		5,369,280
2.95%, 03/11/27		2,015		1,896,823
3.45%, 04/11/25		5,255		5,145,768
4.50%, 12/16/25		5,887		5,785,651
4.59%, 05/04/37 (Call 02/04/32),
(5-year CMT + 2.050%)(a)		4,492		4,020,660
4.75%, 02/02/26		1,510		1,498,480
4.85%, 02/01/30		4,840		4,774,161
5.25%, 06/12/28		2,195		2,205,942
5.35%, 12/07/26		3,575		3,589,140
5.45%, 06/12/25		2,820		2,821,968
5.65%, 02/01/34		2,665		2,707,014
Bank OZK, 2.75%, 10/01/31 (Call 10/01/26),
(3-mo. SOFR + 2.090%)(a)		950		790,395
BankUnited Inc.
4.88%, 11/17/25 (Call 08/17/25)(b)		1,503		1,463,174
5.13%, 06/11/30 (Call 03/11/30)		1,359		1,241,105
Barclays PLC
2.28%, 11/24/27 (Call 11/24/26),
(1-year CMT + 1.050%)(a)		8,351		7,632,232
2.65%, 06/24/31 (Call 06/24/30),
(1-year CMT + 1.900%)(a)		3,789		3,150,601
2.67%, 03/10/32 (Call 03/10/31),
(1-year CMT + 1.200%)(a)		2,915		2,379,929
2.85%, 05/07/26 (Call 05/07/25),
(1-day SOFR + 2.714%)(a)		5,223		5,049,314
2.89%, 11/24/32 (Call 11/24/31),
(1-year CMT + 1.300%)(a)		5,733		4,668,433
3.33%, 11/24/42 (Call 11/24/41),
(1-year CMT + 1.300%)(a)		4,960		3,581,983
3.56%, 09/23/35 (Call 09/23/30),
(5-year CMT + 2.900%)(a)		3,885		3,259,889
3.65%, 03/16/25		8,723		8,541,001
3.81%, 03/10/42 (Call 03/10/41),
(1-year CMT + 1.700%)(a)		1,753		1,314,736
4.34%, 01/10/28 (Call 01/10/27)		5,185		4,981,023
4.38%, 01/12/26		11,242		11,010,446
4.84%, 05/09/28 (Call 05/07/27)		9,098		8,757,882

16 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.95%, 01/10/47	$	6,585	$	5,992,203
4.97%, 05/16/29 (Call 05/16/28),
(3-mo. LIBOR US + 1.902%)(a)		7,375		7,170,394
5.09%, 06/20/30 (Call 06/20/29),
(3-mo. LIBOR US + 3.054%)(a)		5,973		5,653,703
5.20%, 05/12/26		7,668		7,575,099
5.25%, 08/17/45(b)		6,328		6,034,505
5.30%, 08/09/26 (Call 08/09/25),
(1-year CMT + 2.300%)(a)		5,015		4,984,128
5.50%, 08/09/28 (Call 08/09/27),
(1-year CMT + 2.650%)(a)		6,760		6,722,764
5.75%, 08/09/33 (Call 08/09/32),
(1-year CMT + 3.000%)(a)		3,660		3,615,615
5.83%, 05/09/27 (Call 05/09/26),
(1-day SOFR + 2.210%)(a)		6,530		6,543,304
6.22%, 05/09/34 (Call 05/09/33),
(1-day SOFR + 2.980%)(a)		6,305		6,382,579
6.49%, 09/13/29 (Call 09/13/28),
(1-day SOFR + 2.220%)(a)		3,695		3,807,253
6.50%, 09/13/27 (Call 09/13/26),
(1-day SOFR + 1.880%)(a)		1,245		1,266,655
6.69%, 09/13/34 (Call 09/13/33),
(1-day SOFR + 2.620%)(a)(b)		3,350		3,503,153
7.12%, 06/27/34 (Call 06/27/33),
(1-day SOFR + 3.570%)(a)		9,920		10,286,800
7.33%, 11/02/26 (Call 11/02/25),
(1-year CMT + 3.050%)(a)		2,774		2,841,172
7.39%, 11/02/28 (Call 11/02/27),
(1-year CMT + 3.300%)(a)		3,296		3,483,341
7.44%, 11/02/33 (Call 11/02/32),
(1-year CMT + 3.500%)(a)		7,135		7,807,298
BPCE SA, 3.38%, 12/02/26		1,973		1,891,461
Canadian Imperial Bank of Commerce
0.95%, 10/23/25		4,483		4,190,400
1.25%, 06/22/26 (Call 05/22/26)		4,610		4,226,100
3.30%, 04/07/25		2,365		2,310,326
3.45%, 04/07/27 (Call 03/07/27)		3,395		3,235,725
3.60%, 04/07/32 (Call 03/07/32)(b)		2,695		2,405,876
3.95%, 08/04/25		4,020		3,941,450
5.00%, 04/28/28 (Call 03/28/28)		3,785		3,771,348
5.14%, 04/28/25		2,590		2,581,175
5.62%, 07/17/26(b)		1,480		1,494,284
5.93%, 10/02/26		2,495		2,539,182
5.99%, 10/03/28 (Call 09/03/28)(b)		1,995		2,066,542
6.09%, 10/03/33 (Call 07/03/33)		4,585		4,761,193
Citibank NA
5.49%, 12/04/26 (Call 11/04/26)		8,280		8,349,655
5.80%, 09/29/28 (Call 08/29/28)		6,000		6,180,406
5.86%, 09/29/25 (Call 08/29/25)		6,295		6,369,869
Citigroup Inc.
1.12%, 01/28/27 (Call 01/28/26),
(1-day SOFR + 0.765%)(a)		10,588		9,760,306
1.46%, 06/09/27 (Call 06/09/26),
(1-day SOFR + 0.770%)(a)		11,233		10,293,918
2.52%, 11/03/32 (Call 11/03/31),
(1-day SOFR + 1.177%)(a)		3,680		2,986,593
2.56%, 05/01/32 (Call 05/01/31),
(1-day SOFR + 1.167%)(a)		11,620		9,565,218
2.57%, 06/03/31 (Call 06/03/30),
(1-day SOFR + 2.107%)(a)		14,580		12,332,552

Security	Par (000)		Value
Banks (continued)
2.67%, 01/29/31 (Call 01/29/30),
(1-day SOFR + 1.146%)(a)	$	10,157	$	8,708,762
2.90%, 11/03/42 (Call 11/03/41),
(1-day SOFR + 1.379%)(a)		5,030		3,559,925
2.98%, 11/05/30 (Call 11/05/29),
(1-day SOFR + 1.422%)(a)		7,507		6,622,493
3.06%, 01/25/33 (Call 01/25/32),
(1-day SOFR + 1.351%)(a)		11,355		9,540,368
3.07%, 02/24/28 (Call 02/24/27),
(1-day SOFR + 1.280%)(a)		7,530		7,054,175
3.11%, 04/08/26 (Call 04/08/25),
(1-day SOFR + 2.842%)(a)		14,882		14,487,404
3.20%, 10/21/26 (Call 07/21/26)		12,008		11,404,453
3.29%, 03/17/26 (Call 03/17/25),
(1-day SOFR + 1.528%)(a)		5,150		5,029,791
3.30%, 04/27/25		5,972		5,839,707
3.40%, 05/01/26		8,685		8,356,423
3.52%, 10/27/28 (Call 10/27/27),
(3-mo. SOFR + 1.412%)(a)		9,703		9,114,271
3.67%, 07/24/28 (Call 07/24/27),
(3-mo. SOFR + 1.652%)(a)		9,825		9,313,415
3.70%, 01/12/26		9,127		8,885,825
3.79%, 03/17/33 (Call 03/17/32),
(1-day SOFR + 1.939%)(a)		10,390		9,205,940
3.88%, 03/26/25		5,743		5,633,099
3.88%, 01/24/39 (Call 01/24/38),
(3-mo. SOFR + 1.430%)(a)		4,846		4,076,990
3.89%, 01/10/28 (Call 01/10/27),
(3-mo. SOFR + 1.825%)(a)		11,012		10,581,642
3.98%, 03/20/30 (Call 03/20/29),
(3-mo. SOFR + 1.600%)(a)		9,799		9,187,729
4.08%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.454%)(a)		8,346		7,963,281
4.13%, 07/25/28(b)		8,629		8,189,374
4.28%, 04/24/48 (Call 04/24/47),
(3-mo. SOFR + 2.101%)(a)		5,459		4,613,754
4.30%, 11/20/26		4,478		4,361,756
4.40%, 06/10/25		5,910		5,824,000
4.41%, 03/31/31 (Call 03/31/30),
(1-day SOFR + 3.914%)(a)		13,849		13,085,193
4.45%, 09/29/27		14,202		13,759,149
4.60%, 03/09/26		6,590		6,481,603
4.65%, 07/30/45		5,280		4,713,220
4.65%, 07/23/48 (Call 06/23/48)		9,898		8,821,834
4.66%, 05/24/28 (Call 05/24/27),
(1-day SOFR + 1.887%)(a)		4,530		4,447,403
4.75%, 05/18/46		8,878		7,765,232
4.91%, 05/24/33 (Call 05/24/32),
(1-day SOFR + 2.086%)(a)		4,510		4,319,903
5.17%, 02/13/30 (Call 02/13/29),
(1-day SOFR + 1.364%)(a)		5,080		5,028,345
5.30%, 05/06/44		4,705		4,495,162
5.32%, 03/26/41 (Call 03/26/40),
(1-day SOFR + 4.548%)(a)		5,337		5,221,407
5.50%, 09/13/25		6,763		6,746,934
5.61%, 09/29/26 (Call 09/29/25),
(1-day SOFR + 1.546%)(a)		11,645		11,658,408
5.83%, 02/13/35 (Call 02/13/34),
(1-day SOFR + 2.056%)(a)		7,625		7,458,670
5.88%, 02/22/33		2,072		2,108,172
5.88%, 01/30/42		6,329		6,651,399

S C H E D U L E O F I N V E S T M E N T S 17

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.00%, 10/31/33	$	7,155	$	7,396,062
6.13%, 08/25/36		2,358		2,437,418
6.17%, 05/25/34 (Call 05/25/33),
(1-day SOFR + 2.661%)(a)		6,160		6,202,277
6.27%, 11/17/33 (Call 11/17/32),
(1-day SOFR + 2.338%)(a)(b)		10,970		11,513,719
6.63%, 01/15/28		1,447		1,533,778
6.63%, 06/15/32		5,155		5,490,008
6.68%, 09/13/43		5,459		5,986,320
8.13%, 07/15/39		9,463		11,981,878
Citizens Bank NA
2.25%, 04/28/25 (Call 03/28/25)		3,601		3,450,337
4.58%, 08/09/28 (Call 08/09/27),
(1-day SOFR + 2.000%)(a)		2,483		2,364,635
Citizens Bank NA/Providence RI, 3.75%, 02/18/26 (Call 11/18/25)		2,737		2,630,084
Citizens Financial Group Inc.
2.50%, 02/06/30 (Call 11/06/29)		946		784,160
2.64%, 09/30/32 (Call 07/02/32)		2,087		1,580,125
2.85%, 07/27/26 (Call 04/27/26)		2,430		2,270,624
3.25%, 04/30/30 (Call 01/30/30)		2,973		2,572,034
4.30%, 12/03/25 (Call 11/03/25)		979		953,756
5.64%, 05/21/37 (Call 05/21/32),
(5-year CMT + 2.750%)(a)		1,315		1,203,805
5.84%, 01/23/30 (Call 01/23/29),
(1-day SOFR + 2.010%)(a)		590		582,911
Comerica Bank
4.00%, 07/27/25(b)		1,180		1,143,744
5.33%, 08/25/33 (Call 08/25/32),
(1-day SOFR + 2.610%)(a)		830		743,402
Comerica Inc.
4.00%, 02/01/29 (Call 11/03/28)(b)		2,546		2,288,608
5.98%, 01/30/30 (Call 01/30/29),
(1-day SOFR + 2.155%)(a)		210		206,238
Commonwealth Bank of Australia/New York
5.32%, 03/13/26		1,115		1,120,830
5.50%, 09/12/25		2,595		2,608,907
Cooperatieve Rabobank UA
3.75%, 07/21/26		5,413		5,188,417
4.38%, 08/04/25		5,554		5,446,092
4.80%, 01/09/29(b)		1,500		1,485,781
4.85%, 01/09/26		2,120		2,110,132
5.04%, 03/05/27		2,000		2,000,347
5.25%, 05/24/41		6,941		7,012,842
5.25%, 08/04/45		4,595		4,455,541
5.75%, 12/01/43		4,735		4,752,518
Cooperatieve Rabobank UA/NY
3.38%, 05/21/25		3,947		3,865,159
5.50%, 07/18/25		3,370		3,385,286
5.50%, 10/05/26		3,650		3,690,954
Credit Suisse AG/New York
1.25%, 08/07/26		4,963		4,507,325
2.95%, 04/09/25		4,844		4,704,641
5.00%, 07/09/27		7,130		7,062,507
7.50%, 02/15/28		4,335		4,669,248
Deutsche Bank AG
4.10%, 01/13/26		2,529		2,465,503
4.50%, 04/01/25		2,558		2,508,926
5.71%, 02/08/28 (Call 02/08/27),
(1-day SOFR + 1.594%)(a)		1,645		1,633,451

Security	Par (000)		Value
Banks (continued)
Deutsche Bank AG/New York
1.69%, 03/19/26	$	5,543	$	5,164,925
2.13%, 11/24/26 (Call 11/24/25),
(1-day SOFR + 1.870%)(a)		7,884		7,392,190
2.31%, 11/16/27 (Call 11/16/26),
(1-day SOFR + 1.219%)(a)		6,283		5,706,919
2.55%, 01/07/28 (Call 01/07/27),
(1-day SOFR + 1.318%)(a)		5,655		5,150,600
3.04%, 05/28/32 (Call 05/28/31),
(1-day SOFR + 1.718%)(a)		2,664		2,201,738
3.55%, 09/18/31 (Call 09/18/30),
(1-day SOFR + 3.043%)(a)		8,107		7,022,694
3.73%, 01/14/32 (Call 10/14/30),
(1-day SOFR + 2.757%)(a)		6,320		5,184,981
3.74%, 01/07/33 (Call 10/07/31),
(1-day SOFR + 2.257%)(a)		5,245		4,222,332
4.10%, 01/13/26		2,258		2,204,191
4.16%, 05/13/25		3,485		3,429,910
4.88%, 12/01/32 (Call 12/01/27),
(5-year USD ICE Swap + 2.553%)(a)		3,345		3,093,429
5.37%, 09/09/27		1,699		1,700,553
5.88%, 07/08/31 (Call 04/08/30),
(1-day SOFR + 5.438%)(a)		370		352,195
6.12%, 07/14/26 (Call 07/14/25),
(1-day SOFR + 3.190%)(a)		3,335		3,341,958
6.72%, 01/18/29 (Call 01/18/28),
(1-day SOFR + 3.180%)(a)		4,805		4,935,441
6.82%, 11/20/29 (Call 11/20/28),
(1-day SOFR + 2.510%)(a)		6,150		6,358,502
7.08%, 02/10/34 (Call 11/10/32),
(1-day SOFR + 3.650%)(a)		2,965		2,959,660
7.15%, 07/13/27 (Call 07/13/26),
(1-day SOFR + 2.520%)(a)		4,495		4,613,576
Discover Bank
2.70%, 02/06/30 (Call 11/06/29)		2,098		1,778,900
3.45%, 07/27/26 (Call 04/27/26)		4,288		4,066,111
4.25%, 03/13/26		2,145		2,083,245
4.65%, 09/13/28 (Call 06/13/28)		3,472		3,315,069
Fifth Third Bancorp
1.71%, 11/01/27 (Call 11/01/26),
(1-day SOFR + 0.685%)(a)		2,829		2,537,743
2.55%, 05/05/27 (Call 04/05/27)		3,399		3,120,894
3.95%, 03/14/28 (Call 02/14/28)		290		275,490
4.06%, 04/25/28 (Call 04/25/27),
(1-day SOFR + 1.355%)(a)		1,958		1,851,922
4.34%, 04/25/33 (Call 04/25/32),
(1-day SOFR + 1.660%)(a)(b)		936		847,734
4.77%, 07/28/30 (Call 07/28/29),
(1-day SOFR + 2.127%)(a)		3,725		3,551,771
5.63%, 01/29/32 (Call 01/29/31),
(1-day SOFR + 1.840%)(a)		1,270		1,259,912
6.34%, 07/27/29 (Call 07/27/28),
(1-day SOFR + 2.340%)(a)		800		821,523
6.36%, 10/27/28 (Call 10/27/27),
(1-day SOFR + 2.192%)(a)		4,240		4,320,667
8.25%, 03/01/38		5,257		6,215,073
Fifth Third Bank NA
2.25%, 02/01/27 (Call 01/01/27)		2,801		2,568,200
3.85%, 03/15/26 (Call 02/15/26)		3,474		3,340,809
3.95%, 07/28/25 (Call 06/28/25)		2,937		2,871,668

18 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
First Citizens BancShares Inc./NC, 3.38%,
03/15/30 (Call 03/15/25),
(3-mo. SOFR + 2.465%)(a)(b)	$	1,165	$	1,116,456
First Horizon Bank, 5.75%, 05/01/30 (Call 02/01/30)(b)		1,596		1,491,932
First Horizon Corp., 4.00%, 05/26/25 (Call 04/26/25)		1,285		1,250,858
First-Citizens Bank & Trust Co., 6.13%, 03/09/28		930		942,265
FNB Corp., 5.15%, 08/25/25 (Call 07/25/25)		535		525,344
Goldman Sachs Capital I, 6.35%, 02/15/34(b)		6,083		6,238,145
Goldman Sachs Group Inc. (The)
1.09%, 12/09/26 (Call 12/09/25),
(1-day SOFR + 0.789%)(a)		4,432		4,106,579
1.43%, 03/09/27 (Call 03/09/26),
(1-day SOFR + 0.798%)(a)		12,340		11,406,386
1.54%, 09/10/27 (Call 09/10/26),
(1-day SOFR + 0.818%)(a)		13,303		12,091,954
1.95%, 10/21/27 (Call 10/21/26),
(1-day SOFR + 0.913%)(a)		17,610		16,125,870
1.99%, 01/27/32 (Call 01/27/31),
(1-day SOFR + 1.090%)(a)		10,195		8,173,692
2.38%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.248%)(a)		9,817		7,988,424
2.60%, 02/07/30 (Call 11/07/29)		8,746		7,587,731
2.62%, 04/22/32 (Call 04/22/31),
(1-day SOFR + 1.281%)(a)		14,550		12,093,222
2.64%, 02/24/28 (Call 02/24/27),
(1-day SOFR + 1.114%)(a)		12,850		11,905,126
2.65%, 10/21/32 (Call 10/21/31),
(1-day SOFR + 1.264%)(a)		12,105		9,982,763
2.91%, 07/21/42 (Call 07/21/41),
(1-day SOFR + 1.472%)(a)		8,135		5,765,861
3.10%, 02/24/33 (Call 02/24/32),
(1-day SOFR + 1.410%)(a)		15,340		13,000,186
3.21%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.513%)(a)		10,583		7,873,340
3.44%, 02/24/43 (Call 02/24/42),
(1-day SOFR + 1.632%)(a)		6,785		5,162,983
3.50%, 04/01/25 (Call 03/01/25)		13,250		12,976,235
3.50%, 11/16/26 (Call 11/16/25)		12,696		12,177,859
3.62%, 03/15/28 (Call 03/15/27),
(1-day SOFR + 1.846%)(a)		6,615		6,307,725
3.69%, 06/05/28 (Call 06/05/27),
(3-mo. SOFR + 1.772%)(a)		9,972		9,511,994
3.75%, 05/22/25 (Call 02/22/25)		9,315		9,135,433
3.75%, 02/25/26 (Call 11/25/25)		7,863		7,666,531
3.80%, 03/15/30 (Call 12/15/29)		9,937		9,239,335
3.81%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.420%)(a)		10,139		9,577,768
3.85%, 01/26/27 (Call 01/26/26)		13,274		12,825,570
4.02%, 10/31/38 (Call 10/31/37),
(3-mo. SOFR + 1.635%)(a)		8,851		7,580,142
4.22%, 05/01/29 (Call 05/01/28),
(3-mo. SOFR + 1.563%)(a)		12,036		11,540,765
4.25%, 10/21/25		9,399		9,230,139
4.39%, 06/15/27 (Call 06/15/26),
(1-day SOFR + 1.510%)(a)		3,416		3,352,885
4.41%, 04/23/39 (Call 04/23/38),
(3-mo. SOFR + 1.692%)(a)		5,733		5,077,336

Security	Par (000)		Value
Banks (continued)
4.48%, 08/23/28 (Call 08/23/27),
(1-day SOFR + 1.725%)(a)	$	10,770	$	10,506,755
4.75%, 10/21/45 (Call 04/21/45)		7,099		6,478,758
4.80%, 07/08/44 (Call 01/08/44)		8,459		7,703,461
5.15%, 05/22/45		8,957		8,559,707
5.80%, 08/10/26 (Call 08/10/25),
(1-day SOFR + 1.075%)(a)		8,880		8,928,431
5.95%, 01/15/27		4,463		4,554,725
6.13%, 02/15/33		5,383		5,772,704
6.25%, 02/01/41		10,226		11,036,860
6.45%, 05/01/36(b)		4,479		4,784,515
6.48%, 10/24/29 (Call 10/24/28),
(1-day SOFR + 1.770%)(a)		10,800		11,319,829
6.56%, 10/24/34 (Call 10/24/33),
(1-day SOFR + 1.950%)(a)		1,725		1,863,611
6.75%, 10/01/37		22,771		24,763,506
HSBC Bank USA NA, 7.00%, 01/15/39		3,005		3,423,345
HSBC Bank USA NA/New York
5.63%, 08/15/35		1,115		1,092,687
5.88%, 11/01/34		1,240		1,281,311
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26),
(1-day SOFR + 1.290%)(a)		6,000		5,492,334
1.65%, 04/18/26 (Call 04/18/25),
(1-day SOFR + 1.538%)(a)		9,063		8,647,588
2.01%, 09/22/28 (Call 09/22/27),
(1-day SOFR + 1.732%)(a)		4,150		3,677,268
2.10%, 06/04/26 (Call 06/04/25),
(1-day SOFR + 1.929%)(a)		6,220		5,948,654
2.21%, 08/17/29 (Call 08/17/28),
(1-day SOFR + 1.285%)(a)		4,460		3,872,059
2.25%, 11/22/27 (Call 11/22/26),
(1-day SOFR + 1.100%)(a)		9,395		8,599,637
2.36%, 08/18/31 (Call 08/18/30),
(1-day SOFR + 1.947%)(a)		6,328		5,193,191
2.80%, 05/24/32 (Call 05/24/31),
(1-day SOFR + 1.187%)(a)		11,800		9,750,472
2.85%, 06/04/31 (Call 06/04/30),
(1-day SOFR + 2.387%)(a)		5,028		4,277,759
2.87%, 11/22/32 (Call 11/22/31),
(1-day SOFR + 1.410%)(a)		8,205		6,752,274
3.00%, 03/10/26 (Call 03/10/25),
(1-day SOFR + 1.430%)(a)		5,675		5,516,491
3.90%, 05/25/26		10,594		10,265,566
3.97%, 05/22/30 (Call 05/22/29),
(3-mo. SOFR + 1.872%)(a)		12,115		11,223,544
4.04%, 03/13/28 (Call 03/13/27),
(3-mo. SOFR + 1.808%)(a)		11,151		10,684,450
4.25%, 08/18/25		6,926		6,783,073
4.29%, 09/12/26 (Call 09/12/25),
(3-mo. SOFR + 1.609%)(a)		10,859		10,647,726
4.30%, 03/08/26		12,737		12,462,435
4.38%, 11/23/26		6,651		6,469,506
4.58%, 06/19/29 (Call 06/19/28),
(3-mo. SOFR + 1.796%)(a)		16,647		16,014,086
4.76%, 06/09/28 (Call 06/09/27),
(1-day SOFR + 2.110%)(a)		11,430		11,160,079
4.76%, 03/29/33 (Call 03/29/32),
(1-day SOFR + 2.530%)(a)		7,520		6,899,072
4.95%, 03/31/30		10,150		9,938,301

S C H E D U L E O F I N V E S T M E N T S 19

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.21%, 08/11/28 (Call 08/11/27),
(1-day SOFR + 2.610%)(a)	$	3,390	$	3,357,512
5.25%, 03/14/44		4,629		4,404,359
5.40%, 08/11/33 (Call 08/11/32),
(1-day SOFR + 2.870%)(a)		8,925		8,769,220
5.55%, 03/04/30 (Call 03/04/29),
(1-day SOFR + 1.460%)(a)		5,800		5,795,229
5.72%, 03/04/35 (Call 03/04/34),
(1-day SOFR + 1.780%)(a)		5,800		5,779,568
5.89%, 08/14/27 (Call 08/14/26),
(1-day SOFR + 1.570%)(a)		6,685		6,726,184
6.10%, 01/14/42		4,182		4,569,675
6.16%, 03/09/29 (Call 03/09/28),
(1-day SOFR + 1.970%)(a)		6,270		6,405,404
6.25%, 03/09/34 (Call 03/09/33),
(1-day SOFR + 2.390%)(a)(b)		9,800		10,169,639
6.33%, 03/09/44 (Call 03/09/43),
(1-day SOFR + 2.650%)(a)		9,715		10,205,502
6.50%, 05/02/36		8,392		8,628,705
6.50%, 09/15/37		9,597		9,887,977
6.55%, 06/20/34 (Call 06/20/33),
(1-day SOFR + 2.980%)(a)		4,880		4,966,922
6.80%, 06/01/38		6,415		6,744,678
7.34%, 11/03/26 (Call 11/03/25),
(1-day SOFR + 3.030%)(a)		7,950		8,181,275
7.39%, 11/03/28 (Call 11/03/27),
(1-day SOFR + 3.350%)(a)		9,000		9,528,181
7.40%, 11/13/34 (Call 11/13/33),
(1-day SOFR + 3.020%)(a)		6,590		7,060,594
8.11%, 11/03/33 (Call 11/03/32),
(1-day SOFR + 4.250%)(a)		8,980		10,111,658
HSBC USA Inc.
5.29%, 03/04/27		2,155		2,156,727
5.63%, 03/17/25		1,335		1,336,463
Huntington Bancshares Inc./OH
2.49%, 08/15/36 (Call 08/15/31),
(5-year CMT + 1.170%)(a)		1,800		1,358,534
2.55%, 02/04/30 (Call 11/04/29)		2,747		2,312,100
4.00%, 05/15/25 (Call 04/15/25)		1,866		1,832,247
4.44%, 08/04/28 (Call 08/04/27),
(1-day SOFR + 1.970%)(a)		2,460		2,362,339
5.02%, 05/17/33 (Call 05/17/32),
(1-day SOFR + 2.050%)(a)		1,204		1,137,865
5.71%, 02/02/35 (Call 02/02/34),
(1-day SOFR + 1.870%)(a)(b)		510		503,345
6.21%, 08/21/29 (Call 08/21/28),
(1-day SOFR + 2.020%)(a)		1,130		1,149,310
Huntington National Bank (The)
4.55%, 05/17/28 (Call 05/17/27),
(1-day SOFR + 1.650%)(a)		3,000		2,891,998
5.65%, 01/10/30 (Call 11/10/29)		2,200		2,190,386
Industrial & Commercial Bank of China Ltd./New York, 3.54%, 11/08/27		2,340		2,231,973
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26),
(1-day SOFR + 1.005%)(a)		5,106		4,725,605
2.73%, 04/01/32 (Call 04/01/31),
(1-day SOFR + 1.316%)(a)		3,298		2,774,255
3.87%, 03/28/26 (Call 03/28/25),
(1-day SOFR + 1.640%)(a)		3,015		2,957,443
3.95%, 03/29/27		5,845		5,627,560

Security	Par (000)		Value
Banks (continued)
4.02%, 03/28/28 (Call 03/28/27),
(1-day SOFR + 1.830%)(a)	$	2,748	$	2,637,586
4.05%, 04/09/29		4,815		4,553,283
4.25%, 03/28/33 (Call 03/28/32),
(1-day SOFR + 2.070%)(a)(b)		2,805		2,578,906
4.55%, 10/02/28		5,171		5,041,009
6.08%, 09/11/27 (Call 09/11/26),
(1-day SOFR + 1.560%)(a)		2,200		2,224,986
6.11%, 09/11/34 (Call 09/11/33),
(1-day SOFR + 2.090%)(a)		1,750		1,805,586
JPMorgan Chase & Co.
1.04%, 02/04/27 (Call 02/04/26),
(3-mo. SOFR + 0.695%)(a)		5,181		4,774,419
1.05%, 11/19/26 (Call 11/19/25),
(1-day SOFR + 0.800%)(a)		4,127		3,839,309
1.47%, 09/22/27 (Call 09/22/26),
(1-day SOFR + 0.765%)(a)		8,603		7,817,180
1.58%, 04/22/27 (Call 04/22/26),
(1-day SOFR + 0.885%)(a)		7,441		6,877,692
1.76%, 11/19/31 (Call 11/19/30),
(3-mo. SOFR + 1.105%)(a)		3,505		2,822,209
1.95%, 02/04/32 (Call 02/04/31),
(1-day SOFR + 1.065%)(a)		11,190		8,998,764
2.01%, 03/13/26 (Call 03/13/25),
(3-mo. SOFR + 1.585%)(a)		10,365		9,990,884
2.07%, 06/01/29 (Call 06/01/28),
(1-day SOFR + 1.015%)(a)		9,006		7,929,838
2.08%, 04/22/26 (Call 04/22/25),
(1-day SOFR + 1.850%)(a)		15,023		14,456,280
2.18%, 06/01/28 (Call 06/01/27),
(1-day SOFR + 1.890%)(a)		7,665		6,981,281
2.52%, 04/22/31 (Call 04/22/30),
(1-day SOFR + 2.040%)(a)		13,416		11,460,668
2.53%, 11/19/41 (Call 11/19/40),
(3-mo. SOFR + 1.510%)(a)		5,795		3,986,468
2.55%, 11/08/32 (Call 11/08/31),
(1-day SOFR + 1.180%)(a)		9,195		7,573,710
2.58%, 04/22/32 (Call 04/22/31),
(3-mo. SOFR + 1.250%)(a)		9,409		7,866,641
2.74%, 10/15/30 (Call 10/15/29),
(3-mo. SOFR + 1.510%)(a)		8,431		7,396,392
2.95%, 10/01/26 (Call 07/01/26)		13,126		12,476,040
2.95%, 02/24/28 (Call 02/24/27),
(1-day SOFR + 1.170%)(a)		5,419		5,074,506
2.96%, 05/13/31 (Call 05/13/30),
(3-mo. SOFR + 2.515%)(a)		5,971		5,183,791
2.96%, 01/25/33 (Call 01/25/32),
(1-day SOFR + 1.260%)(a)		12,220		10,318,175
3.11%, 04/22/41 (Call 04/22/40),
(3-mo. SOFR + 2.460%)(a)		8,483		6,379,434
3.11%, 04/22/51 (Call 04/22/50),
(1-day SOFR + 2.440%)(a)		10,910		7,481,168
3.16%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.460%)(a)		5,910		4,425,493
3.20%, 06/15/26 (Call 03/15/26)		7,785		7,488,619
3.30%, 04/01/26 (Call 01/01/26)		12,004		11,577,399
3.33%, 04/22/52 (Call 04/22/51),
(1-day SOFR + 1.580%)(a)		12,080		8,566,351
3.51%, 01/23/29 (Call 01/23/28),
(3-mo. SOFR + 1.207%)(a)		10,143		9,554,927

20 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.54%, 05/01/28 (Call 05/01/27),
(3-mo. SOFR + 1.642%)(a)	$	9,210	$	8,750,063
3.63%, 12/01/27 (Call 12/01/26)		6,311		5,997,619
3.70%, 05/06/30 (Call 05/06/29),
(3-mo. SOFR + 1.422%)(a)		12,751		11,869,080
3.78%, 02/01/28 (Call 02/01/27),
(3-mo. SOFR + 1.599%)(a)		12,291		11,799,476
3.88%, 07/24/38 (Call 07/24/37),
(3-mo. SOFR + 1.622%)(a)		12,021		10,271,693
3.90%, 07/15/25 (Call 04/15/25)		11,140		10,950,173
3.90%, 01/23/49 (Call 01/23/48),
(3-mo. SOFR + 1.482%)(a)		9,133		7,303,749
3.96%, 01/29/27 (Call 01/29/26),
(3-mo. SOFR + 1.507%)(a)		9,803		9,566,628
3.96%, 11/15/48 (Call 11/15/47),
(3-mo. SOFR + 1.642%)(a)		12,570		10,096,721
4.01%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.382%)(a)		7,254		6,925,719
4.03%, 07/24/48 (Call 07/24/47),
(3-mo. SOFR + 1.722%)(a)		7,501		6,084,032
4.08%, 04/26/26 (Call 04/26/25),
(1-day SOFR + 1.320%)(a)		13,005		12,810,491
4.13%, 12/15/26		10,781		10,523,913
4.20%, 07/23/29 (Call 07/23/28),
(3-mo. SOFR + 1.522%)(a)		10,897		10,468,349
4.25%, 10/01/27		5,583		5,460,946
4.26%, 02/22/48 (Call 02/22/47),
(3-mo. SOFR + 1.842%)(a)		9,634		8,123,571
4.32%, 04/26/28 (Call 04/26/27),
(1-day SOFR + 1.560%)(a)		12,248		11,954,029
4.45%, 12/05/29 (Call 12/05/28),
(3-mo. SOFR + 1.592%)(a)		10,886		10,527,930
4.49%, 03/24/31 (Call 03/24/30),
(3-mo. SOFR + 3.790%)(a)		12,750		12,242,323
4.57%, 06/14/30 (Call 06/14/29),
(1-day SOFR + 1.750%)(a)		8,796		8,519,885
4.59%, 04/26/33 (Call 04/26/32),
(1-day SOFR + 1.800%)(a)		8,180		7,767,299
4.85%, 07/25/28 (Call 07/25/27),
(1-day SOFR + 1.990%)(a)		8,290		8,197,911
4.85%, 02/01/44		6,261		5,874,586
4.91%, 07/25/33 (Call 07/25/32),
(1-day SOFR + 2.080%)(a)		17,550		17,026,812
4.95%, 06/01/45		5,661		5,279,818
5.01%, 01/23/30 (Call 01/23/29),
(1-day SOFR + 1.310%)(a)		10,405		10,295,588
5.04%, 01/23/28 (Call 01/23/27),
(1-day SOFR + 1.190%)(a)		6,845		6,808,465
5.30%, 07/24/29 (Call 07/24/28),
(1-day SOFR + 1.450%)(a)		10,800		10,829,248
5.34%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.620%)(a)		4,715		4,691,143
5.35%, 06/01/34 (Call 06/01/33),
(1-day SOFR + 1.845%)(a)		14,210		14,136,197
5.40%, 01/06/42		7,559		7,650,401
5.50%, 10/15/40		7,049		7,206,541
5.60%, 07/15/41		9,240		9,525,135
5.63%, 08/16/43		7,148		7,331,558
5.72%, 09/14/33 (Call 09/14/32),
(1-day SOFR + 2.580%)(a)(b)		14,835		15,017,781

Security	Par (000)		Value
Banks (continued)
6.07%, 10/22/27 (Call 10/22/26),
(1-day SOFR + 1.330%)(a)	$	8,560	$	8,723,154
6.09%, 10/23/29 (Call 10/23/28),
(1-day SOFR + 1.570%)(a)		7,665		7,923,533
6.25%, 10/23/34 (Call 10/23/33),
(1-day SOFR + 1.810%)(a)		12,055		12,796,285
6.40%, 05/15/38		9,961		11,118,466
7.63%, 10/15/26		4,986		5,297,889
7.75%, 07/15/25		1,250		1,295,024
8.00%, 04/29/27		7,431		8,080,805
8.75%, 09/01/30		1,424		1,676,996
JPMorgan Chase Bank NA, 5.11%, 12/08/26 (Call 11/08/26)		8,465		8,474,362
KeyBank NA
4.70%, 01/26/26 (Call 12/26/25)		310		301,223
5.00%, 01/26/33 (Call 10/26/32)		2,723		2,487,299
KeyBank NA/Cleveland OH
3.30%, 06/01/25		930		894,198
3.40%, 05/20/26		2,975		2,796,172
3.90%, 04/13/29 (Call 03/13/29)(b)		1,668		1,481,712
4.15%, 08/08/25		1,650		1,597,779
4.39%, 12/14/27		190		177,921
4.90%, 08/08/32(b)		2,130		1,868,889
5.85%, 11/15/27 (Call 10/16/27)		3,518		3,470,325
6.95%, 02/01/28		130		132,927
KeyCorp
2.25%, 04/06/27		2,784		2,483,313
2.55%, 10/01/29		3,241		2,711,757
4.10%, 04/30/28		2,521		2,359,617
4.15%, 10/29/25		2,010		1,948,257
4.79%, 06/01/33 (Call 06/01/32),
(1-day SOFR + 2.060%)(a)		3,378		3,050,757
Korea Development Bank (The)
0.80%, 07/19/26		970		878,874
1.00%, 09/09/26		800		724,424
1.63%, 01/19/31		2,765		2,242,846
2.00%, 09/12/26(b)		775		719,767
2.00%, 10/25/31		3,730		3,048,690
2.25%, 02/24/27		670		621,639
3.00%, 01/13/26		3,753		3,621,290
3.38%, 09/16/25		3,765		3,664,901
Kreditanstalt fuer Wiederaufbau
0.00%, 04/18/36(d)		10,590		6,134,442
0.00%, 06/29/37(b)(d)		14,383		7,869,966
0.38%, 07/18/25		11,175		10,504,037
0.63%, 01/22/26		8,946		8,291,905
0.75%, 09/30/30		4,519		3,599,088
1.00%, 10/01/26		5,374		4,917,304
1.75%, 09/14/29		9,117		7,957,029
2.00%, 05/02/25		8,248		7,967,196
2.88%, 04/03/28		10,322		9,723,047
3.00%, 05/20/27		1,655		1,581,142
3.13%, 06/10/25		1,385		1,353,652
3.63%, 04/01/26		3,300		3,232,050
3.75%, 02/15/28		3,355		3,270,673
3.88%, 06/15/28		4,020		3,933,196
4.00%, 03/15/29		300		294,869
4.13%, 07/15/33		10,475		10,238,876
4.38%, 02/28/34		10		9,996
4.63%, 08/07/26		8,357		8,361,402
4.75%, 10/29/30		1,535		1,567,771

S C H E D U L E O F I N V E S T M E N T S 21

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.13%, 09/29/25	$	5,035	$	5,054,592
Landwirtschaftliche Rentenbank
0.88%, 03/30/26(b)		5,385		4,982,105
0.88%, 09/03/30		4,105		3,285,838
1.75%, 07/27/26(b)		3,925		3,670,849
2.38%, 06/10/25		3,610		3,493,067
3.88%, 09/28/27		1,380		1,352,225
3.88%, 06/14/28		1,578		1,544,046
5.00%, 10/24/33		1,425		1,489,130
Series 37, 2.50%, 11/15/27		1,292		1,205,489
Series 40, 0.50%, 05/27/25		5,760		5,449,507
Lloyds Bank PLC, 3.50%, 05/14/25		220		214,806
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26),
(1-year CMT + 0.850%)(a)		3,020		2,770,105
3.37%, 12/14/46 (Call 09/14/41),
(5-year CMT + 1.500%)(a)		5,277		3,585,230
3.51%, 03/18/26 (Call 03/18/25),
(1-year CMT + 1.600%)(a)		6,040		5,895,857
3.57%, 11/07/28 (Call 11/07/27),
(3-mo. LIBOR US + 1.205%)(a)		6,147		5,732,884
3.75%, 01/11/27		5,489		5,266,074
3.75%, 03/18/28 (Call 03/18/27),
(1-year CMT + 1.800%)(a)		5,475		5,188,001
4.34%, 01/09/48		6,209		4,876,971
4.38%, 03/22/28		3,213		3,103,153
4.45%, 05/08/25		6,902		6,812,131
4.55%, 08/16/28		6,773		6,571,198
4.58%, 12/10/25		5,263		5,156,670
4.65%, 03/24/26		5,759		5,642,577
4.72%, 08/11/26 (Call 08/11/25),
(1-year CMT + 1.750%)(a)		3,688		3,638,548
4.98%, 08/11/33 (Call 08/11/32),
(1-year CMT + 2.300%)(a)		2,105		2,000,405
5.30%, 12/01/45(b)		3,594		3,349,811
5.46%, 01/05/28 (Call 01/05/27),
(1-year CMT + 1.375%)(a)		5,360		5,338,823
5.68%, 01/05/35 (Call 01/05/34),
(1-year CMT + 1.750%)(a)		4,640		4,579,510
5.87%, 03/06/29 (Call 03/06/28),
(1-year CMT + 1.700%)(a)		2,555		2,579,854
5.99%, 08/07/27 (Call 08/07/26),
(1-year CMT + 1.480%)(a)		6,515		6,560,130
7.95%, 11/15/33 (Call 08/15/32),
(1-year CMT + 3.750%)(a)		4,365		4,866,095
M&T Bank Corp.
4.55%, 08/16/28 (Call 08/16/27),
(1-day SOFR + 1.780%)(a)		2,165		2,063,559
5.05%, 01/27/34 (Call 01/27/33),
(1-day SOFR + 1.850%)(a)		2,750		2,527,617
7.41%, 10/30/29 (Call 10/30/28),
(1-day SOFR + 2.800%)(a)		1,515		1,589,222
Manufacturers & Traders Trust Co.
3.40%, 08/17/27		2,020		1,842,060
4.65%, 01/27/26 (Call 12/27/25)		2,625		2,555,804
4.70%, 01/27/28 (Call 12/27/27)		2,945		2,832,749
5.40%, 11/21/25 (Call 10/21/25)		2,155		2,133,751
Mitsubishi UFJ Financial Group Inc.
1.41%, 07/17/25		4,224		4,002,046
1.54%, 07/20/27 (Call 07/20/26),
(1-year CMT + 0.750%)(a)		4,695		4,295,693

Security	Par (000)		Value
Banks (continued)
1.64%, 10/13/27 (Call 10/13/26),
(1-year CMT + 0.670%)(a)	$	3,805	$	3,465,673
2.05%, 07/17/30		2,985		2,476,366
2.31%, 07/20/32 (Call 07/20/31),
(1-year CMT + 0.950%)(a)		7,464		6,113,794
2.34%, 01/19/28 (Call 01/19/27),
(1-year CMT + 0.830%)(a)		6,270		5,788,692
2.49%, 10/13/32 (Call 10/13/31),
(1-year CMT + 0.970%)(a)		3,164		2,613,841
2.56%, 02/25/30		4,680		4,055,522
2.76%, 09/13/26		3,565		3,361,058
2.85%, 01/19/33 (Call 01/19/32),
(1-year CMT + 1.100%)(a)		4,200		3,541,178
3.20%, 07/18/29		7,974		7,243,336
3.29%, 07/25/27		3,857		3,647,344
3.68%, 02/22/27		4,119		3,970,004
3.74%, 03/07/29		5,824		5,498,784
3.75%, 07/18/39		5,875		5,009,641
3.78%, 03/02/25		5,321		5,234,914
3.84%, 04/17/26 (Call 04/17/25),
(1-year CMT + 1.125%)(a)(b)		3,405		3,339,554
3.85%, 03/01/26		3,364		3,279,433
3.96%, 03/02/28		5,468		5,266,819
4.05%, 09/11/28		4,216		4,080,358
4.08%, 04/19/28 (Call 04/19/27),
(1-year CMT + 1.300%)(a)		3,850		3,720,125
4.15%, 03/07/39(b)		2,181		1,964,235
4.29%, 07/26/38(b)		2,167		1,999,954
4.32%, 04/19/33 (Call 04/19/32),
(1-year CMT + 1.550%)(a)		2,755		2,576,955
5.02%, 07/20/28 (Call 07/20/27),
(1-year CMT + 1.950%)(a)		5,235		5,197,525
5.13%, 07/20/33 (Call 07/20/32),
(1-year CMT + 2.125%)(a)		5,905		5,835,697
5.24%, 04/19/29 (Call 04/19/28),
(1-year CMT + 1.700%)(a)		2,305		2,309,943
5.35%, 09/13/28 (Call 09/13/27),
(1-year CMT + 1.900%)(a)		4,200		4,210,628
5.41%, 04/19/34 (Call 04/19/33),
(1-year CMT + 1.970%)(a)(b)		3,005		3,036,627
5.42%, 02/22/29 (Call 02/22/28),
(1-year CMT + 1.380%)(a)		4,280		4,310,459
5.44%, 02/22/34 (Call 02/22/33),
(1-year CMT + 1.630%)(a)		2,780		2,811,589
5.47%, 09/13/33 (Call 09/13/32),
(1-year CMT + 2.125%)(a)		3,120		3,167,353
5.48%, 02/22/31 (Call 02/22/30),
(1-year CMT + 1.530%)(a)		3,085		3,114,666
5.54%, 04/17/26 (Call 04/17/25),
(1-year CMT + 1.500%)(a)		1,695		1,693,315
Mizuho Financial Group Inc.
1.23%, 05/22/27 (Call 05/22/26),
(1-year CMT + 0.670%)(a)		3,788		3,460,797
1.55%, 07/09/27 (Call 07/09/26),
(1-year CMT + 0.750%)(a)		4,043		3,701,220
1.98%, 09/08/31 (Call 09/08/30),
(3-mo. SOFR + 1.532%)(a)		3,100		2,513,282
2.17%, 05/22/32 (Call 05/22/31),
(1-year CMT + 0.870%)(a)		1,758		1,418,095
2.20%, 07/10/31 (Call 07/10/30),
(3-mo. SOFR + 1.772%)(a)		4,005		3,312,505

22 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.23%, 05/25/26 (Call 05/25/25),
(3-mo. SOFR + 1.092%)(a)	$	3,719	$	3,567,452
2.26%, 07/09/32 (Call 07/09/31),
(1-year CMT + 0.900%)(a)(b)		2,240		1,809,734
2.56%, 09/13/31		3,675		2,977,948
2.59%, 05/25/31 (Call 05/25/30),
(3-mo. SOFR + 1.332%)(a)		2,133		1,814,508
2.65%, 05/22/26 (Call 05/22/25),
(1-year CMT + 0.900%)(a)(b)		5,090		4,913,113
2.84%, 09/13/26		2,767		2,607,059
2.87%, 09/13/30 (Call 09/13/29),
(3-mo. SOFR + 1.572%)(a)		1,860		1,635,617
3.15%, 07/16/30 (Call 07/16/29),
(3-mo. SOFR + 1.392%)(a)		3,113		2,792,080
3.17%, 09/11/27		4,613		4,312,668
3.26%, 05/22/30 (Call 05/22/29),
(1-year CMT + 1.250%)(a)		2,020		1,827,222
3.66%, 02/28/27		2,462		2,356,477
4.02%, 03/05/28		5,415		5,205,845
4.25%, 09/11/29 (Call 09/11/28),
(3-mo. SOFR + 1.532%)(a)		3,980		3,813,798
5.38%, 05/26/30 (Call 05/26/29),
(1-year CMT + 1.120%)(a)		2,135		2,135,425
5.41%, 09/13/28 (Call 09/13/27),
(1-year CMT + 2.050%)(a)(b)		2,750		2,761,755
5.58%, 05/26/35 (Call 05/26/34),
(1-year CMT + 1.300%)(a)		2,950		2,957,383
5.67%, 05/27/29 (Call 05/27/28),
(1-year CMT + 1.500%)(a)		2,960		2,999,625
5.67%, 09/13/33 (Call 09/13/32),
(1-year CMT + 2.400%)(a)		2,720		2,760,395
5.74%, 05/27/31 (Call 05/27/30),
(1-year CMT + 1.650%)(a)		2,780		2,822,785
5.75%, 05/27/34 (Call 05/27/33),
(1-year CMT + 1.800%)(a)		3,280		3,348,381
5.75%, 07/06/34 (Call 07/06/33),
(1-year CMT + 1.900%)(a)		4,100		4,177,171
5.78%, 07/06/29 (Call 07/06/28),
(1-year CMT + 1.650%)(a)		5,890		5,997,084
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25),
(1-day SOFR + 0.720%)(a)		10,589		9,770,460
1.51%, 07/20/27 (Call 07/20/26),
(1-day SOFR + 0.858%)(a)		11,584		10,594,704
1.59%, 05/04/27 (Call 05/04/26),
(1-day SOFR + 0.879%)(a)		7,158		6,599,268
1.79%, 02/13/32 (Call 02/13/31),
(1-day SOFR + 1.034%)(a)		8,160		6,461,264
1.93%, 04/28/32 (Call 04/28/31),
(1-day SOFR + 1.020%)(a)		14,170		11,248,098
2.19%, 04/28/26 (Call 04/28/25),
(1-day SOFR + 1.990%)(a)		13,169		12,673,606
2.24%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.178%)(a)		10,967		8,841,847
2.48%, 01/21/28 (Call 01/21/27),
(1-day SOFR + 1.000%)(a)		9,575		8,857,004
2.48%, 09/16/36 (Call 09/16/31),
(1-day SOFR + 1.360%)(a)		14,483		11,381,327
2.51%, 10/20/32 (Call 10/20/31),
(1-day SOFR + 1.200%)(a)		10,028		8,213,092

Security	Par (000)		Value
Banks (continued)
2.70%, 01/22/31 (Call 01/22/30),
(1-day SOFR + 1.143%)(a)	$	15,487	$	13,406,442
2.80%, 01/25/52 (Call 01/25/51),
(1-day SOFR + 1.430%)(a)		8,884		5,711,013
2.94%, 01/21/33 (Call 01/21/32),
(1-day SOFR + 1.290%)(a)		7,603		6,377,976
3.13%, 07/27/26		12,782		12,187,132
3.22%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.485%)(a)		5,881		4,418,604
3.59%, 07/22/28 (Call 07/22/27)(a)		13,192		12,484,249
3.62%, 04/01/31 (Call 04/01/30),
(1-day SOFR + 3.120%)(a)(b)		6,284		5,706,223
3.63%, 01/20/27		11,435		11,024,900
3.77%, 01/24/29 (Call 01/24/28),
(3-mo. SOFR + 1.402%)(a)		11,604		10,967,258
3.88%, 01/27/26		13,572		13,242,102
3.95%, 04/23/27		8,830		8,498,707
3.97%, 07/22/38 (Call 07/22/37)(a)		10,635		9,065,929
4.00%, 07/23/25		8,408		8,264,295
4.21%, 04/20/28 (Call 04/20/27),
(1-day SOFR + 1.610%)(a)		7,140		6,909,853
4.30%, 01/27/45		9,219		7,990,528
4.35%, 09/08/26		9,854		9,632,268
4.38%, 01/22/47		9,525		8,213,209
4.43%, 01/23/30 (Call 01/23/29),
(3-mo. SOFR + 1.890%)(a)		11,763		11,295,676
4.46%, 04/22/39 (Call 04/22/38),
(3-mo. SOFR + 1.693%)(a)		6,457		5,829,206
4.68%, 07/17/26 (Call 07/17/25),
(1-day SOFR + 1.669%)(a)		7,615		7,534,581
4.89%, 07/20/33 (Call 07/20/32),
(1-day SOFR + 2.076%)(a)		7,415		7,115,700
5.00%, 11/24/25		9,071		9,017,362
5.05%, 01/28/27 (Call 01/28/26),
(1-day SOFR + 1.295%)(a)		2,720		2,710,336
5.12%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 1.730%)(a)		6,585		6,545,539
5.16%, 04/20/29 (Call 04/20/28),
(1-day SOFR + 1.590%)(a)		10,740		10,665,146
5.17%, 01/16/30 (Call 01/16/29),
(1-day SOFR + 1.450%)(a)		11,395		11,324,193
5.25%, 04/21/34 (Call 04/21/33),
(1-day SOFR + 1.870%)(a)		12,585		12,352,971
5.30%, 04/20/37 (Call 04/20/32),
(1-day SOFR + 2.620%)(a)		8,360		7,994,660
5.42%, 07/21/34 (Call 07/21/33),
(1-day SOFR + 1.880%)(a)		6,945		6,911,217
5.45%, 07/20/29 (Call 07/20/28),
(1-day SOFR + 1.630%)(a)		3,730		3,745,460
5.47%, 01/18/35 (Call 01/18/34),
(1-day SOFR + 1.730%)(a)		3,165		3,161,810
5.60%, 03/24/51 (Call 03/24/50),
(1-day SOFR + 4.840%)(a)		8,295		8,582,518
5.94%, 02/07/39 (Call 02/07/34),
(5-year CMT + 1.800%)(a)		4,400		4,333,972
5.95%, 01/19/38 (Call 01/19/33),
(5-year CMT + 2.430%)(a)		8,205		8,180,636
6.14%, 10/16/26 (Call 10/16/25),
(1-day SOFR + 1.770%)(a)		1,150		1,163,610
6.25%, 08/09/26		4,946		5,062,034

S C H E D U L E O F I N V E S T M E N T S 23

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.30%, 10/18/28 (Call 10/18/27),
(1-day SOFR + 2.240%)(a)	$	6,633	$	6,856,143
6.34%, 10/18/33 (Call 10/18/32),
(1-day SOFR + 2.560%)(a)		12,590		13,344,236
6.38%, 07/24/42		8,708		9,673,497
6.41%, 11/01/29 (Call 11/01/28),
(1-day SOFR + 1.830%)(a)		5,225		5,451,293
6.63%, 11/01/34 (Call 11/01/33),
(1-day SOFR + 2.050%)(a)		6,820		7,400,754
7.25%, 04/01/32		10,594		12,072,702
Morgan Stanley Bank NA
4.75%, 04/21/26 (Call 03/21/26)		7,403		7,357,004
4.95%, 01/14/28 (Call 01/14/27),
(1-day SOFR + 1.080%)(a)		5,130		5,101,147
5.48%, 07/16/25 (Call 06/16/25)		5,135		5,155,550
5.88%, 10/30/26 (Call 09/30/26)		8,445		8,599,543
National Australia Bank Ltd.
4.75%, 12/10/25		2,635		2,622,515
4.79%, 01/10/29		2,750		2,731,804
National Australia Bank Ltd./New York
2.50%, 07/12/26		5,496		5,185,185
3.38%, 01/14/26		4,524		4,388,438
3.50%, 06/09/25		315		308,671
3.91%, 06/09/27		365		353,858
4.90%, 06/13/28		3,020		3,012,989
4.94%, 01/12/28		3,715		3,713,426
4.97%, 01/12/26		3,019		3,013,395
5.20%, 05/13/25		3,185		3,186,646
National Bank of Canada, 5.60%, 12/18/28		2,790		2,817,487
NatWest Group PLC
1.64%, 06/14/27 (Call 06/14/26),
(1-year CMT + 0.900%)(a)		5,940		5,429,395
3.03%, 11/28/35 (Call 08/28/30),
(5-year CMT + 2.350%)(a)		4,598		3,786,064
3.07%, 05/22/28 (Call 05/22/27),
(1-year CMT + 2.550%)(a)		4,852		4,503,370
4.45%, 05/08/30 (Call 05/08/29),
(3-mo. LIBOR US + 1.871%)(a)		2,894		2,737,830
4.80%, 04/05/26		7,313		7,222,514
4.89%, 05/18/29 (Call 05/18/28),
(3-mo. LIBOR US + 1.754%)(a)		6,705		6,524,422
5.08%, 01/27/30 (Call 01/27/29),
(3-mo. LIBOR US + 1.905%)(a)		8,110		7,928,669
5.52%, 09/30/28 (Call 09/30/27),
(1-year CMT + 2.270%)(a)		3,080		3,077,442
5.58%, 03/01/28 (Call 03/01/27),
(1-year CMT + 1.100%)(a)(b)		2,000		2,001,565
5.78%, 03/01/35 (Call 03/01/34),
(1-year CMT + 1.500%)(a)		2,000		1,997,842
5.81%, 09/13/29 (Call 09/13/28),
(1-year CMT + 1.950%)(a)		3,630		3,666,595
5.85%, 03/02/27 (Call 03/02/26),
(1-year CMT + 1.350%)(a)		2,715		2,725,764
6.02%, 03/02/34 (Call 03/02/33),
(1-year CMT + 2.100%)(a)		1,670		1,702,681
7.47%, 11/10/26 (Call 11/10/25),
(1-year CMT + 2.850%)(a)		6,055		6,220,803
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)		4,026		3,393,237
3.15%, 05/03/29 (Call 02/03/29)(b)		2,887		2,671,996

Security	Par (000)		Value
Banks (continued)
3.38%, 05/08/32 (Call 05/08/27),
(3-mo. LIBOR US + 1.131%)(a)	$	3,916	$	3,632,005
3.65%, 08/03/28 (Call 05/03/28)		1,070		1,023,088
3.95%, 10/30/25		4,051		3,973,502
4.00%, 05/10/27 (Call 04/10/27)		8,560		8,313,373
6.13%, 11/02/32 (Call 08/02/32)		2,686		2,821,219
Oesterreichische Kontrollbank AG
0.38%, 09/17/25		3,020		2,818,987
0.50%, 02/02/26		3,545		3,270,676
2.88%, 05/23/25		915		891,336
3.63%, 09/09/27(b)		1,745		1,694,996
4.13%, 01/20/26		1,875		1,852,732
4.13%, 01/18/29		600		592,946
4.25%, 03/01/28(b)		2,185		2,166,059
4.63%, 11/03/25		1,405		1,398,820
5.00%, 10/23/26		1,720		1,737,113
PNC Bank NA
2.70%, 10/22/29		3,772		3,249,969
3.10%, 10/25/27 (Call 09/25/27)		4,848		4,503,751
3.25%, 06/01/25 (Call 05/02/25)		4,057		3,948,670
3.25%, 01/22/28 (Call 12/23/27)		3,874		3,597,423
3.88%, 04/10/25 (Call 03/10/25)		2,846		2,791,828
4.05%, 07/26/28		5,689		5,380,576
4.20%, 11/01/25 (Call 10/02/25)		2,288		2,234,232
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		3,301		2,995,586
2.31%, 04/23/32 (Call 04/23/31),
(1-day SOFR + 0.979%)(a)		3,598		2,928,417
2.55%, 01/22/30 (Call 10/24/29)		8,052		6,909,452
2.60%, 07/23/26 (Call 05/23/26)		3,136		2,948,291
3.15%, 05/19/27 (Call 04/19/27)		4,032		3,794,862
3.45%, 04/23/29 (Call 01/23/29)		6,265		5,784,941
4.63%, 06/06/33 (Call 06/06/32),
(1-day SOFR + 1.850%)(a)		3,062		2,836,548
4.76%, 01/26/27 (Call 01/26/26),
(1-day SOFR + 1.085%)(a)		5,255		5,191,946
5.07%, 01/24/34 (Call 01/24/33),
(1-day SOFR + 1.933%)(a)		6,850		6,581,282
5.30%, 01/21/28 (Call 01/21/27),
(1-day SOFR + 1.342%)(a)		4,165		4,159,785
5.35%, 12/02/28 (Call 12/02/27),
(1-day SOFR + 1.620%)(a)		4,185		4,182,864
5.58%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 1.841%)(a)		4,130		4,156,197
5.68%, 01/22/35 (Call 01/22/34),
(1-day SOFR + 1.902%)(a)		2,740		2,746,423
5.81%, 06/12/26 (Call 06/12/25),
(1-day SOFR + 1.322%)(a)		3,370		3,374,340
5.94%, 08/18/34 (Call 08/18/33),
(1-day SOFR + 1.946%)(a)		4,205		4,281,453
6.04%, 10/28/33 (Call 10/28/32),
(1-day SOFR + 2.140%)(a)		5,200		5,338,240
6.62%, 10/20/27 (Call 10/20/26),
(1-day SOFR + 1.730%)(a)		4,285		4,399,431
6.88%, 10/20/34 (Call 10/20/33),
(1-day SOFR + 2.284%)(a)		9,850		10,677,093
Regions Bank/Birmingham AL, 6.45%, 06/26/37		2,495		2,536,562
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		920		783,534
2.25%, 05/18/25 (Call 04/18/25)		2,705		2,590,105

24 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
7.38%, 12/10/37	$	1,803	$	2,027,248
Royal Bank of Canada
0.88%, 01/20/26		4,714		4,363,903
1.15%, 06/10/25		5,766		5,477,819
1.15%, 07/14/26		4,932		4,505,762
1.20%, 04/27/26		7,135		6,565,944
1.40%, 11/02/26		3,723		3,383,366
2.05%, 01/21/27		1,815		1,675,026
2.30%, 11/03/31		5,475		4,484,073
3.38%, 04/14/25		1,930		1,890,112
3.63%, 05/04/27		4,954		4,747,725
3.88%, 05/04/32		3,040		2,769,143
4.24%, 08/03/27		5,349		5,211,331
4.65%, 01/27/26		5,957		5,897,557
4.88%, 01/12/26		4,375		4,357,194
4.88%, 01/19/27		4,210		4,189,203
4.90%, 01/12/28		3,555		3,543,298
4.95%, 04/25/25		3,325		3,316,557
4.95%, 02/01/29		2,250		2,235,237
5.00%, 02/01/33		6,180		6,074,468
5.00%, 05/02/33(b)		3,310		3,259,238
5.15%, 02/01/34		2,510		2,468,836
5.20%, 07/20/26		4,235		4,248,244
5.20%, 08/01/28		3,380		3,398,363
6.00%, 11/01/27		3,065		3,156,013
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27),
(1-day SOFR + 1.249%)(a)		3,790		3,427,567
3.24%, 10/05/26 (Call 08/05/26)		3,904		3,658,008
3.45%, 06/02/25 (Call 05/02/25)		4,029		3,907,020
4.40%, 07/13/27 (Call 04/14/27)		3,403		3,261,305
4.50%, 07/17/25 (Call 04/17/25)		4,616		4,525,218
5.81%, 09/09/26 (Call 09/09/25),
(1-day SOFR + 2.328%)(a)		1,940		1,935,365
6.17%, 01/09/30 (Call 01/09/29),
(1-day SOFR + 2.500%)(a)		2,065		2,058,225
6.50%, 03/09/29 (Call 03/09/28),
(1-day SOFR + 2.356%)(a)		3,525		3,579,799
6.57%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 2.700%)(a)		1,665		1,695,771
7.66%, 11/09/31 (Call 11/09/30),
(1-day SOFR + 3.280%)(a)		2,395		2,558,378
Santander U.K. Group Holdings PLC
1.53%, 08/21/26 (Call 08/21/25),
(1-year CMT + 1.250%)(a)		4,292		4,020,389
1.67%, 06/14/27 (Call 06/14/26),
(1-day SOFR + 0.989%)(a)		5,217		4,742,505
2.47%, 01/11/28 (Call 01/11/27),
(1-day SOFR + 1.220%)(a)		4,378		3,986,868
2.90%, 03/15/32 (Call 03/15/31),
(1-day SOFR + 1.475%)(a)		1,105		930,715
3.82%, 11/03/28 (Call 11/03/27),
(3-mo. LIBOR US + 1.400%)(a)		4,176		3,897,998
6.53%, 01/10/29 (Call 01/10/28),
(1-day SOFR + 2.600%)(a)		4,045		4,149,119
6.83%, 11/21/26 (Call 11/21/25),
(1-day SOFR + 2.749%)(a)		2,290		2,323,703
State Street Corp.
1.68%, 11/18/27 (Call 11/18/26),
(1-day SOFR + 0.560%)(a)		1,495		1,368,436

Security	Par (000)		Value
Banks (continued)
2.20%, 02/07/28 (Call 02/07/27),
(1-day SOFR + 0.730%)(a)	$	2,145	$	1,973,259
2.20%, 03/03/31		3,520		2,910,016
2.40%, 01/24/30		3,468		3,031,149
2.62%, 02/07/33 (Call 02/07/32),
(1-day SOFR + 1.002%)(a)		2,945		2,444,419
2.65%, 05/19/26(b)		3,631		3,452,939
2.90%, 03/30/26 (Call 03/30/25),
(1-day SOFR + 2.600%)(a)		1,964		1,912,526
3.03%, 11/01/34 (Call 11/01/29),
(1-day SOFR + 1.490%)(a)		2,505		2,209,656
3.15%, 03/30/31 (Call 03/30/30),
(1-day SOFR + 2.650%)(a)		1,981		1,761,577
3.55%, 08/18/25		5,427		5,316,752
4.14%, 12/03/29 (Call 12/03/28),
(3-mo. SOFR + 1.292%)(a)		1,918		1,838,124
4.16%, 08/04/33 (Call 08/04/32),
(1-day SOFR + 1.726%)(a)		2,810		2,594,832
4.42%, 05/13/33 (Call 05/13/32),
(1-day SOFR + 1.605%)(a)		2,105		1,985,136
4.82%, 01/26/34 (Call 01/26/33),
(1-day SOFR + 1.567%)(a)(b)		2,275		2,193,068
5.10%, 05/18/26 (Call 05/18/25),
(1-day SOFR + 1.130%)(a)		4,040		4,025,044
5.16%, 05/18/34 (Call 05/18/33),
(1-day SOFR + 1.890%)(a)(b)		3,395		3,351,207
5.27%, 08/03/26 (Call 07/03/26)		4,865		4,880,884
5.68%, 11/21/29 (Call 11/21/28),
(1-day SOFR + 1.484%)(a)		4,155		4,247,980
5.75%, 11/04/26 (Call 11/04/25),
(1-day SOFR + 1.353%)(a)		1,960		1,968,525
5.82%, 11/04/28 (Call 11/04/27),
(1-day SOFR + 1.715%)(a)		2,010		2,056,278
6.12%, 11/21/34 (Call 11/21/33),
(1-day SOFR + 1.958%)(a)		3,185		3,292,850
Sumitomo Mitsui Banking Corp., 3.65%, 07/23/25(b)		3,800		3,715,174
Sumitomo Mitsui Financial Group Inc.
0.95%, 01/12/26		1,970		1,821,562
1.40%, 09/17/26		8,550		7,788,760
1.47%, 07/08/25		4,034		3,834,579
1.71%, 01/12/31		2,625		2,089,689
1.90%, 09/17/28		8,580		7,464,827
2.13%, 07/08/30		5,735		4,767,134
2.14%, 09/23/30		3,016		2,476,994
2.17%, 01/14/27		1,749		1,614,846
2.22%, 09/17/31		2,895		2,348,168
2.30%, 01/12/41		840		565,724
2.47%, 01/14/29(b)		1,615		1,436,573
2.63%, 07/14/26		8,863		8,366,989
2.72%, 09/27/29		1,826		1,607,926
2.75%, 01/15/30		5,565		4,865,514
2.93%, 09/17/41		3,730		2,773,983
3.01%, 10/19/26		6,088		5,763,661
3.04%, 07/16/29		9,445		8,490,192
3.05%, 01/14/42		2,185		1,647,115
3.20%, 09/17/29		1,716		1,543,040
3.35%, 10/18/27		3,779		3,564,335
3.36%, 07/12/27		2,986		2,829,900
3.45%, 01/11/27		4,062		3,890,148
3.54%, 01/17/28		3,726		3,529,057

S C H E D U L E O F I N V E S T M E N T S 25

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.78%, 03/09/26	$	6,916	$	6,727,051
3.94%, 07/19/28(b)		3,574		3,420,575
4.31%, 10/16/28(b)		3,902		3,817,609
5.46%, 01/13/26		4,925		4,940,281
5.52%, 01/13/28		8,160		8,288,819
5.71%, 01/13/30		5,030		5,153,819
5.72%, 09/14/28		5,050		5,162,718
5.77%, 01/13/33		6,130		6,324,415
5.78%, 07/13/33		2,425		2,507,739
5.80%, 07/13/28		2,770		2,845,043
5.81%, 09/14/33		5,710		5,914,585
5.85%, 07/13/30		2,780		2,862,486
5.88%, 07/13/26		2,420		2,455,616
6.18%, 07/13/43		480		525,676
Synchrony Bank
5.40%, 08/22/25 (Call 07/22/25)		3,880		3,834,820
5.63%, 08/23/27 (Call 07/23/27)		3,357		3,266,323
Synovus Bank, 5.63%, 02/15/28 (Call 01/15/28)		915		881,397
Synovus Financial Corp., 5.20%, 08/11/25 (Call 07/11/25)(b)		405		397,843
Toronto-Dominion Bank (The)
0.75%, 09/11/25		4,250		3,982,207
0.75%, 01/06/26		6,970		6,447,019
1.15%, 06/12/25		3,320		3,151,388
1.20%, 06/03/26		6,465		5,931,267
1.25%, 09/10/26		6,338		5,774,638
1.95%, 01/12/27(b)		3,270		3,009,701
2.00%, 09/10/31		4,898		3,985,821
2.45%, 01/12/32		3,575		2,955,242
2.80%, 03/10/27		4,565		4,281,229
3.20%, 03/10/32		6,315		5,508,872
3.63%, 09/15/31 (Call 09/15/26),
(5-year USD Swap + 2.205%)(a)		6,381		6,089,707
3.77%, 06/06/25		6,065		5,956,873
4.11%, 06/08/27		5,685		5,517,213
4.46%, 06/08/32		4,890		4,661,058
4.69%, 09/15/27		6,055		5,985,913
5.10%, 01/09/26		1,130		1,131,458
5.16%, 01/10/28		4,190		4,202,546
5.26%, 12/11/26		2,710		2,726,508
5.52%, 07/17/28		4,905		4,983,478
5.53%, 07/17/26		4,475		4,514,722
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)		3,738		3,591,733
2.25%, 03/11/30 (Call 12/11/29)		5,255		4,316,269
3.30%, 05/15/26 (Call 04/15/26)		5,119		4,875,155
3.63%, 09/16/25 (Call 08/16/25)		6,004		5,824,761
3.80%, 10/30/26 (Call 09/30/26)		4,221		4,031,135
4.05%, 11/03/25 (Call 09/03/25)		3,210		3,141,322
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		3,742		3,256,902
1.20%, 08/05/25 (Call 07/03/25)		3,094		2,910,295
1.27%, 03/02/27 (Call 03/02/26),
(1-day SOFR + 0.609%)(a)		3,756		3,447,622
1.89%, 06/07/29 (Call 06/07/28),
(1-day SOFR + 0.862%)(a)		4,370		3,753,167
1.95%, 06/05/30 (Call 03/05/30)		2,870		2,344,129
3.70%, 06/05/25 (Call 05/05/25)		3,834		3,749,602
3.88%, 03/19/29 (Call 02/16/29)		3,096		2,851,120
4.00%, 05/01/25 (Call 03/01/25)		3,112		3,055,673

Security	Par (000)		Value
Banks (continued)
4.12%, 06/06/28 (Call 06/06/27),
(1-day SOFR + 1.368%)(a)	$	3,315	$	3,185,060
4.26%, 07/28/26 (Call 07/28/25),
(1-day SOFR + 1.456%)(a)		4,316		4,227,714
4.87%, 01/26/29 (Call 01/26/28),
(1-day SOFR + 1.435%)(a)		3,960		3,853,948
4.92%, 07/28/33 (Call 07/28/32),
(1-day SOFR + 2.240%)(a)		6,400		5,881,159
5.12%, 01/26/34 (Call 01/26/33),
(1-day SOFR + 1.852%)(a)		2,625		2,489,211
5.44%, 01/24/30 (Call 01/24/29),
(1-day SOFR + 1.620%)(a)		3,135		3,103,782
5.71%, 01/24/35 (Call 01/24/34),
(1-day SOFR + 1.922%)(a)		3,385		3,356,466
5.87%, 06/08/34 (Call 06/08/33),
(1-day SOFR + 2.361%)(a)		3,695		3,694,493
5.90%, 10/28/26 (Call 10/28/25),
(1-day SOFR + 1.626%)(a)		3,920		3,928,682
6.05%, 06/08/27 (Call 06/08/26),
(1-day SOFR + 2.050%)(a)		2,690		2,716,084
6.12%, 10/28/33 (Call 10/28/32),
(1-day SOFR + 2.300%)(a)		4,818		4,898,068
7.16%, 10/30/29 (Call 10/30/28),
(1-day SOFR + 2.446%)(a)		3,415		3,615,173
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		3,228		2,558,520
1.45%, 05/12/25 (Call 04/11/25)(b)		5,371		5,139,382
2.22%, 01/27/28 (Call 01/27/27),
(1-day SOFR + 0.730%)(a)		4,460		4,085,058
2.49%, 11/03/36 (Call 11/03/31),
(5-year CMT + 0.950%)(a)		7,520		5,812,570
2.68%, 01/27/33 (Call 01/27/32),
(1-day SOFR + 1.020%)(a)		6,083		4,965,060
3.00%, 07/30/29 (Call 04/30/29)		3,349		2,965,790
3.10%, 04/27/26 (Call 03/27/26)(b)		3,996		3,815,559
3.90%, 04/26/28 (Call 03/24/28)		5,144		4,923,534
3.95%, 11/17/25 (Call 10/17/25)		3,295		3,223,659
4.55%, 07/22/28 (Call 07/22/27),
(1-day SOFR + 1.660%)(a)		6,780		6,619,578
4.65%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 1.230%)(a)(b)		4,665		4,533,490
4.84%, 02/01/34 (Call 02/01/33),
(1-day SOFR + 1.600%)(a)		5,145		4,842,485
4.97%, 07/22/33 (Call 07/22/32),
(1-day SOFR + 2.110%)(a)		7,930		7,420,448
5.38%, 01/23/30 (Call 01/23/29),
(1-day SOFR + 1.560%)(a)		3,160		3,142,182
5.68%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.860%)(a)		7,420		7,403,372
5.73%, 10/21/26 (Call 10/21/25),
(1-day SOFR + 1.430%)(a)		5,630		5,653,749
5.78%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 2.020%)(a)		2,295		2,318,470
5.84%, 06/12/34 (Call 06/10/33),
(1-day SOFR + 2.260%)(a)		2,750		2,771,311
5.85%, 10/21/33 (Call 10/21/32),
(1-day SOFR + 2.090%)(a)		9,430		9,522,011
6.79%, 10/26/27 (Call 10/26/26),
(1-day SOFR + 1.880%)(a)		2,615		2,701,105
Series V, 2.38%, 07/22/26 (Call 06/22/26)		5,737		5,376,265
Series X, 3.15%, 04/27/27 (Call 03/27/27)		5,007		4,727,458

26 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
UBS AG/London
1.25%, 06/01/26	$	400	$	366,791
4.50%, 06/26/48		575		526,340
5.65%, 09/11/28		3,880		3,957,339
5.80%, 09/11/25		4,345		4,375,713
UBS Group AG
3.75%, 03/26/25		9,194		9,003,571
4.55%, 04/17/26		8,049		7,905,665
4.88%, 05/15/45		7,862		7,249,139
Wachovia Corp.
5.50%, 08/01/35		8,145		8,011,347
7.57%, 08/01/26(e)		475		498,157
Webster Financial Corp., 4.10%, 03/25/29
(Call 12/25/28)		1,705		1,549,031
Wells Fargo & Co.
2.19%, 04/30/26 (Call 04/30/25),
(1-day SOFR + 2.000%)(a)		9,076		8,708,570
2.39%, 06/02/28 (Call 06/02/27),
(1-day SOFR + 2.100%)(a)		11,301		10,308,215
2.57%, 02/11/31 (Call 02/11/30),
(3-mo. SOFR + 1.262%)(a)		13,618		11,616,114
2.88%, 10/30/30 (Call 10/30/29),
(3-mo. SOFR + 1.432%)(a)		13,206		11,571,751
3.00%, 04/22/26		13,645		13,019,541
3.00%, 10/23/26		15,133		14,298,743
3.07%, 04/30/41 (Call 04/30/40),
(1-day SOFR + 2.530%)(a)		15,375		11,363,183
3.20%, 06/17/27 (Call 06/17/26),
(3-mo. SOFR + 1.432%)(a)		9,758		9,287,957
3.35%, 03/02/33 (Call 03/02/32),
(1-day SOFR + 1.500%)(a)		11,630		9,978,629
3.53%, 03/24/28 (Call 03/24/27),
(1-day SOFR + 1.510%)(a)		13,035		12,359,140
3.55%, 09/29/25		11,020		10,735,546
3.58%, 05/22/28 (Call 05/22/27),
(3-mo. SOFR + 1.572%)(a)		14,554		13,785,048
3.90%, 05/01/45		9,621		7,703,383
3.91%, 04/25/26 (Call 04/25/25),
(1-day SOFR + 1.320%)(a)		10,100		9,905,086
4.10%, 06/03/26		10,137		9,869,121
4.15%, 01/24/29 (Call 10/24/28)		12,162		11,640,330
4.30%, 07/22/27		8,491		8,242,512
4.40%, 06/14/46		8,902		7,304,243
4.48%, 04/04/31 (Call 04/04/30),
(3-mo. SOFR + 4.032%)(a)		7,912		7,529,879
4.54%, 08/15/26 (Call 08/15/25),
(1-day SOFR + 1.560%)(a)		4,090		4,033,773
4.61%, 04/25/53 (Call 04/25/52),
(1-day SOFR + 2.130%)(a)		13,195		11,513,023
4.65%, 11/04/44		8,903		7,662,599
4.75%, 12/07/46		8,490		7,337,747
4.81%, 07/25/28 (Call 07/25/27),
(1-day SOFR + 1.980%)(a)		9,725		9,552,992
4.90%, 07/25/33 (Call 07/25/32),
(1-day SOFR + 2.100%)(a)		15,075		14,422,202
4.90%, 11/17/45		8,923		7,917,961
5.01%, 04/04/51 (Call 04/04/50),
(3-mo. SOFR + 4.502%)(a)		22,246		20,577,706
5.20%, 01/23/30 (Call 01/23/29),
(1-day SOFR + 1.500%)(a)		9,355		9,274,354
5.38%, 02/07/35		1,480		1,493,705

Security	Par (000)		Value
Banks (continued)
5.38%, 11/02/43	$	8,333	$	7,951,478
5.39%, 04/24/34 (Call 04/24/33),
(1-day SOFR + 2.020%)(a)		11,640		11,450,943
5.50%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.780%)(a)		6,485		6,444,273
5.56%, 07/25/34 (Call 07/25/33),
(1-day SOFR + 1.990%)(a)		13,994		13,940,646
5.57%, 07/25/29 (Call 07/25/28),
(1-day SOFR + 1.740%)(a)		11,485		11,564,956
5.61%, 01/15/44		10,315		10,029,761
5.95%, 12/01/86 (Call 12/15/36)		1,691		1,722,302
6.00%, 10/28/25 (Call 04/28/24)(b)		430		428,487
6.30%, 10/23/29 (Call 10/23/28),
(1-day SOFR + 1.790%)(a)		8,405		8,710,863
6.49%, 10/23/34 (Call 10/23/33),
(1-day SOFR + 2.060%)(a)		12,200		12,975,395
Series B, 7.95%, 11/15/29		1,104		1,229,561
Wells Fargo Bank NA
4.81%, 01/15/26 (Call 12/15/25)		4,590		4,565,761
5.25%, 12/11/26 (Call 11/09/26)		8,855		8,886,612
5.45%, 08/07/26 (Call 07/07/26)		8,250		8,322,684
5.55%, 08/01/25 (Call 07/01/25)		8,250		8,283,965
5.85%, 02/01/37		3,689		3,774,999
5.95%, 08/26/36(b)		3,262		3,332,789
6.60%, 01/15/38		5,151		5,551,363
Westpac Banking Corp.
1.15%, 06/03/26		7,570		6,956,123
1.95%, 11/20/28		5,395		4,732,108
2.15%, 06/03/31		4,590		3,802,798
2.65%, 01/16/30		3,329		2,950,631
2.67%, 11/15/35 (Call 11/15/30),
(5-year CMT + 1.750%)(a)		3,984		3,246,210
2.70%, 08/19/26		4,621		4,381,996
2.85%, 05/13/26		7,695		7,352,921
2.96%, 11/16/40		4,008		2,736,757
3.02%, 11/18/36 (Call 11/18/31),
(5-year CMT + 1.530%)(a)		5,640		4,591,390
3.13%, 11/18/41		3,774		2,609,119
3.35%, 03/08/27		4,515		4,317,951
3.40%, 01/25/28		4,690		4,441,142
3.74%, 08/26/25		230		225,542
4.04%, 08/26/27(b)		2,196		2,148,797
4.11%, 07/24/34 (Call 07/24/29),
(5-year CMT + 2.000%)(a)		5,048		4,611,067
4.32%, 11/23/31 (Call 11/23/26),
(5-year USD ICE Swap + 2.236%)(a)		6,008		5,768,981
4.42%, 07/24/39		4,141		3,584,626
5.41%, 08/10/33 (Call 08/10/32),
(1-year CMT + 2.680%)(a)		1,655		1,619,849
5.46%, 11/18/27		5,662		5,756,611
5.51%, 11/17/25		4,170		4,201,364
5.54%, 11/17/28		4,205		4,304,950
6.82%, 11/17/33		2,885		3,093,653
Wintrust Financial Corp., 4.85%, 06/06/29		797		718,870
Zions Bancorp. NA, 3.25%, 10/29/29
(Call 07/29/29)		2,151		1,754,203
				5,606,717,398

S C H E D U L E O F I N V E S T M E N T S 27

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages — 0.5%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc.
3.65%, 02/01/26 (Call 11/01/25)	$	4,490	$	4,377,658
4.70%, 02/01/36 (Call 08/01/35)		21,403		20,483,595
4.90%, 02/01/46 (Call 08/01/45)		36,986		34,523,850
Anheuser-Busch InBev Finance Inc.
4.63%, 02/01/44		4,498		4,058,724
4.70%, 02/01/36 (Call 08/01/35)		3,301		3,147,128
4.90%, 02/01/46 (Call 08/01/45)		6,354		5,871,363
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)		4,611		4,261,029
3.75%, 07/15/42(b)		370		302,406
4.00%, 04/13/28 (Call 01/13/28)		10,445		10,125,440
4.35%, 06/01/40 (Call 12/01/39)		5,374		4,805,868
4.38%, 04/15/38 (Call 10/15/37)		4,923		4,502,744
4.44%, 10/06/48 (Call 04/06/48)		7,960		6,967,326
4.60%, 04/15/48 (Call 10/15/47)		1,534		1,377,943
4.75%, 01/23/29 (Call 10/23/28)		16,038		15,929,517
4.75%, 04/15/58 (Call 10/15/57)(b)		2,320		2,087,133
4.90%, 01/23/31 (Call 10/23/30)		4,969		4,994,806
4.95%, 01/15/42		5,630		5,370,042
5.45%, 01/23/39 (Call 07/23/38)		8,265		8,410,948
5.55%, 01/23/49 (Call 07/23/48)		15,900		16,283,582
5.80%, 01/23/59 (Call 07/23/58)		7,716		8,148,577
5.88%, 06/15/35		1,450		1,543,547
8.00%, 11/15/39		1,980		2,481,030
8.20%, 01/15/39		5,051		6,495,592
Brown-Forman Corp.
3.50%, 04/15/25 (Call 02/15/25)		570		558,410
4.00%, 04/15/38 (Call 10/15/37)		1,016		891,661
4.50%, 07/15/45 (Call 01/15/45)		1,570		1,393,224
4.75%, 04/15/33 (Call 01/15/33)		2,250		2,218,141
Coca-Cola Co. (The)
1.00%, 03/15/28		4,154		3,618,811
1.38%, 03/15/31		4,150		3,322,093
1.45%, 06/01/27		3,917		3,544,029
1.50%, 03/05/28		3,537		3,141,018
1.65%, 06/01/30		4,969		4,150,046
2.00%, 03/05/31		3,696		3,091,674
2.13%, 09/06/29		5,043		4,437,074
2.25%, 01/05/32		9,045		7,615,917
2.50%, 06/01/40		4,318		3,084,318
2.50%, 03/15/51		6,035		3,769,427
2.60%, 06/01/50		6,884		4,429,810
2.75%, 06/01/60(b)		3,526		2,234,577
2.88%, 05/05/41		3,700		2,776,466
2.90%, 05/25/27		3,912		3,711,353
3.00%, 03/05/51		4,090		2,861,214
3.38%, 03/25/27		5,297		5,103,044
3.45%, 03/25/30		6,273		5,851,371
4.20%, 03/25/50		2,936		2,593,154
Coca-Cola Consolidated Inc., 3.80%, 11/25/25
(Call 08/25/25)		3,564		3,481,716
Coca-Cola Femsa SAB de CV
1.85%, 09/01/32 (Call 06/01/32)		4,208		3,275,371
2.75%, 01/22/30 (Call 10/22/29)		3,518		3,110,864
5.25%, 11/26/43		2,442		2,370,557
Constellation Brands Inc.
2.25%, 08/01/31 (Call 05/01/31)		710		579,049
2.88%, 05/01/30 (Call 02/01/30)		2,645		2,322,418

Security	Par (000)		Value
Beverages (continued)
3.15%, 08/01/29 (Call 05/01/29)	$	3,712	$	3,367,682
3.50%, 05/09/27 (Call 02/09/27)		2,570		2,442,480
3.60%, 02/15/28 (Call 11/15/27)		2,335		2,206,256
3.70%, 12/06/26 (Call 09/06/26)		3,955		3,806,039
3.75%, 05/01/50 (Call 11/01/49)		2,390		1,788,014
4.10%, 02/15/48 (Call 08/15/47)		2,431		1,945,981
4.35%, 05/09/27 (Call 04/09/27)		2,675		2,615,623
4.40%, 11/15/25 (Call 09/15/25)		2,869		2,825,988
4.50%, 05/09/47 (Call 11/09/46)		2,175		1,832,166
4.65%, 11/15/28 (Call 08/15/28)		2,942		2,883,309
4.75%, 12/01/25		2,437		2,410,189
4.75%, 05/09/32 (Call 02/09/32)(b)		815		787,302
4.80%, 01/15/29 (Call 12/15/28)		1,645		1,620,376
4.90%, 05/01/33 (Call 02/01/33)		3,205		3,111,267
5.00%, 02/02/26 (Call 03/11/24)		800		794,974
5.25%, 11/15/48 (Call 05/15/48)		2,340		2,203,804
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		4,666		4,400,554
2.00%, 04/29/30 (Call 01/29/30)		5,266		4,437,769
2.13%, 04/29/32 (Call 01/29/32)		3,753		3,032,493
2.38%, 10/24/29 (Call 07/24/29)		2,325		2,041,287
3.88%, 05/18/28 (Call 02/18/28)		2,639		2,547,075
3.88%, 04/29/43 (Call 10/29/42)		2,362		1,997,812
5.20%, 10/24/25		3,725		3,726,487
5.30%, 10/24/27 (Call 09/24/27)		4,545		4,597,861
5.38%, 10/05/26 (Call 09/05/26)		3,580		3,607,971
5.50%, 01/24/33 (Call 10/24/32)		3,942		4,047,479
5.63%, 10/05/33 (Call 07/05/33)		2,700		2,802,793
5.88%, 09/30/36		2,660		2,836,572
Diageo Investment Corp.
4.25%, 05/11/42		1,012		897,712
7.45%, 04/15/35		1,980		2,341,383
Fomento Economico Mexicano SAB de CV
3.50%, 01/16/50 (Call 07/16/49)		1,070		790,920
4.38%, 05/10/43		340		298,014
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)		2,653		2,202,831
2.55%, 09/15/26 (Call 06/15/26)		2,458		2,305,100
3.20%, 05/01/30 (Call 02/01/30)		2,324		2,095,695
3.35%, 03/15/51 (Call 09/15/50)		2,735		1,901,449
3.40%, 11/15/25 (Call 08/15/25)		3,964		3,839,213
3.43%, 06/15/27 (Call 03/15/27)		2,958		2,815,511
3.80%, 05/01/50 (Call 11/01/49)		3,115		2,369,037
3.95%, 04/15/29 (Call 02/15/29)		4,785		4,555,229
4.05%, 04/15/32 (Call 01/15/32)		3,725		3,455,097
4.42%, 05/25/25 (Call 03/25/25)		1,890		1,869,344
4.42%, 12/15/46 (Call 06/15/46)		2,017		1,702,261
4.50%, 11/15/45 (Call 05/15/45)		2,760		2,379,536
4.50%, 04/15/52 (Call 10/15/51)		3,370		2,859,931
4.60%, 05/25/28 (Call 02/25/28)		1,830		1,802,655
5.09%, 05/25/48 (Call 11/25/47)		240		224,911
Molson Coors Beverage Co.
3.00%, 07/15/26 (Call 04/15/26)		6,521		6,210,736
4.20%, 07/15/46 (Call 01/15/46)		7,262		5,916,364
5.00%, 05/01/42		4,587		4,262,431
PepsiCo Inc.
1.40%, 02/25/31 (Call 11/25/30)		3,740		2,990,014
1.63%, 05/01/30 (Call 02/01/30)		4,608		3,830,486
1.95%, 10/21/31 (Call 07/21/31)(b)		5,215		4,268,856
2.25%, 03/19/25 (Call 02/19/25)		8,811		8,556,951
2.38%, 10/06/26 (Call 07/06/26)		4,657		4,387,515

28 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
2.63%, 03/19/27 (Call 01/19/27)	$	3,368	$	3,166,831
2.63%, 07/29/29 (Call 04/29/29)		4,398		3,962,013
2.63%, 10/21/41 (Call 04/21/41)		4,875		3,493,359
2.75%, 04/30/25 (Call 01/30/25)		3,156		3,073,689
2.75%, 03/19/30 (Call 12/19/29)		6,128		5,466,637
2.75%, 10/21/51 (Call 04/21/51)		4,395		2,887,934
2.85%, 02/24/26 (Call 11/24/25)		4,234		4,071,837
2.88%, 10/15/49 (Call 04/15/49)		4,737		3,258,910
3.00%, 10/15/27 (Call 07/15/27)		5,606		5,284,724
3.38%, 07/29/49 (Call 01/29/49)		3,075		2,313,067
3.45%, 10/06/46 (Call 04/06/46)		5,009		3,877,868
3.50%, 07/17/25 (Call 04/17/25)		3,941		3,860,432
3.50%, 03/19/40 (Call 09/19/39)		735		603,460
3.60%, 02/18/28 (Call 01/18/28)		4,155		3,994,957
3.60%, 08/13/42		1,280		1,027,421
3.63%, 03/19/50 (Call 09/19/49)		4,614		3,634,616
3.88%, 03/19/60 (Call 09/19/59)		605		483,103
3.90%, 07/18/32 (Call 04/18/32)		5,315		4,988,914
4.00%, 03/05/42		1,075		951,262
4.00%, 05/02/47 (Call 11/02/46)		3,095		2,610,396
4.20%, 07/18/52 (Call 01/18/52)		3,045		2,636,999
4.25%, 10/22/44 (Call 04/22/44)		530		459,551
4.45%, 05/15/28 (Call 04/15/28)(b)		3,205		3,198,566
4.45%, 02/15/33 (Call 11/15/32)(b)		3,190		3,154,324
4.45%, 04/14/46 (Call 10/14/45)		2,475		2,238,563
4.55%, 02/13/26 (Call 01/13/26)		2,971		2,953,601
4.65%, 02/15/53 (Call 08/15/52)		3,115		2,894,929
4.88%, 11/01/40		1,430		1,415,506
5.13%, 11/10/26 (Call 10/10/26)		2,945		2,964,230
5.25%, 11/10/25		4,575		4,594,310
5.50%, 01/15/40		150		156,622
7.00%, 03/01/29		4,635		5,108,789
Pepsico Singapore Financing I Pte Ltd.
4.55%, 02/16/29 (Call 01/16/29)		1,580		1,565,818
4.65%, 02/16/27 (Call 01/16/27)		1,520		1,508,847
4.70%, 02/16/34 (Call 11/16/33)(b)		1,530		1,504,569
				523,300,094
Biotechnology — 0.3%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		7,763		6,753,508
2.00%, 01/15/32 (Call 10/15/31)		5,500		4,409,608
2.20%, 02/21/27 (Call 12/21/26)		3,527		3,249,796
2.30%, 02/25/31 (Call 11/25/30)		5,821		4,871,288
2.45%, 02/21/30 (Call 11/21/29)		3,712		3,226,859
2.60%, 08/19/26 (Call 05/19/26)		6,630		6,257,724
2.77%, 09/01/53 (Call 03/01/53)		5,325		3,244,126
2.80%, 08/15/41 (Call 02/15/41)		6,325		4,503,728
3.00%, 02/22/29 (Call 12/22/28)		1,365		1,252,619
3.00%, 01/15/52 (Call 07/15/51)(b)		6,497		4,342,692
3.13%, 05/01/25 (Call 02/01/25)		5,689		5,547,147
3.15%, 02/21/40 (Call 08/21/39)		7,822		5,867,190
3.20%, 11/02/27 (Call 08/02/27)		4,052		3,808,309
3.35%, 02/22/32 (Call 11/22/31)		2,866		2,534,479
3.38%, 02/21/50 (Call 08/21/49)		7,675		5,474,654
4.05%, 08/18/29 (Call 06/18/29)		6,545		6,256,637
4.20%, 03/01/33 (Call 12/01/32)		3,790		3,509,038
4.20%, 02/22/52 (Call 08/22/51)		3,339		2,704,534
4.40%, 05/01/45 (Call 11/01/44)		8,799		7,510,367
4.40%, 02/22/62 (Call 08/22/61)		4,081		3,279,012
4.56%, 06/15/48 (Call 12/15/47)		6,769		5,861,183
4.66%, 06/15/51 (Call 12/15/50)		11,570		10,035,269

Security	Par (000)		Value
Biotechnology (continued)
4.88%, 03/01/53 (Call 09/01/52)	$	4,185	$	3,755,044
4.95%, 10/01/41		3,787		3,528,734
5.15%, 03/02/28 (Call 02/02/28)		15,070		15,099,850
5.15%, 11/15/41 (Call 05/15/41)		4,210		4,008,072
5.25%, 03/02/25		10,290		10,270,498
5.25%, 03/02/30 (Call 01/02/30)		11,685		11,772,329
5.25%, 03/02/33 (Call 12/02/32)		16,125		16,077,079
5.51%, 03/02/26 (Call 03/11/24)		410		409,587
5.60%, 03/02/43 (Call 09/02/42)		11,670		11,707,960
5.65%, 06/15/42 (Call 12/15/41)		1,770		1,783,566
5.65%, 03/02/53 (Call 09/02/52)		14,515		14,522,369
5.75%, 03/15/40		320		324,987
5.75%, 03/02/63 (Call 09/02/62)		9,090		9,093,690
6.38%, 06/01/37		1,375		1,476,038
6.40%, 02/01/39		2,920		3,158,229
Baxalta Inc.
4.00%, 06/23/25 (Call 03/23/25)		4,175		4,099,581
5.25%, 06/23/45 (Call 12/23/44)		2,048		1,972,032
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		7,250		6,066,811
3.15%, 05/01/50 (Call 11/01/49)		8,146		5,378,967
3.25%, 02/15/51 (Call 08/15/50)		4,851		3,308,678
4.05%, 09/15/25 (Call 06/15/25)		8,254		8,091,526
5.20%, 09/15/45 (Call 03/15/45)		1,172		1,102,969
Bio-Rad Laboratories Inc.
3.30%, 03/15/27 (Call 02/15/27)		2,226		2,099,414
3.70%, 03/15/32 (Call 12/15/31)		3,545		3,157,500
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		4,417		3,885,461
1.65%, 10/01/30 (Call 07/01/30)		3,748		3,057,483
2.60%, 10/01/40 (Call 04/01/40)		4,606		3,210,360
2.80%, 10/01/50 (Call 04/01/50)		6,605		4,251,766
2.95%, 03/01/27 (Call 12/01/26)		6,439		6,081,556
3.65%, 03/01/26 (Call 12/01/25)		9,168		8,904,103
4.00%, 09/01/36 (Call 03/01/36)		3,763		3,329,282
4.15%, 03/01/47 (Call 09/01/46)		7,610		6,279,377
4.50%, 02/01/45 (Call 08/01/44)		5,495		4,831,752
4.60%, 09/01/35 (Call 03/01/35)		4,843		4,585,291
4.75%, 03/01/46 (Call 09/01/45)		9,113		8,264,448
4.80%, 04/01/44 (Call 10/01/43)		5,031		4,619,648
5.25%, 10/15/33 (Call 07/15/33)(b)		2,775		2,807,135
5.55%, 10/15/53 (Call 04/15/53)		3,050		3,110,873
5.65%, 12/01/41 (Call 06/01/41)		4,267		4,342,078
Illumina Inc.
2.55%, 03/23/31 (Call 12/23/30)		765		627,631
5.75%, 12/13/27 (Call 11/13/27)		2,915		2,935,936
5.80%, 12/12/25 (Call 11/12/25)		3,025		3,024,147
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30 (Call 06/15/30)		5,482		4,425,567
2.80%, 09/15/50 (Call 03/15/50)		4,103		2,556,278
Royalty Pharma PLC
1.20%, 09/02/25 (Call 08/02/25)		3,074		2,878,358
1.75%, 09/02/27 (Call 07/02/27)		4,356		3,872,537
2.15%, 09/02/31 (Call 06/02/31)(b)		2,719		2,171,329
2.20%, 09/02/30 (Call 06/02/30)		3,319		2,731,964
3.30%, 09/02/40 (Call 03/02/40)		3,787		2,774,186
3.35%, 09/02/51 (Call 03/02/51)		2,940		1,909,238
3.55%, 09/02/50 (Call 03/02/50)		4,282		2,914,662
				351,147,723

S C H E D U L E O F I N V E S T M E N T S 29

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Building Materials — 0.1%
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)	$	2,678	$	2,488,712
2.70%, 02/15/31 (Call 11/15/30)		3,440		2,932,369
2.72%, 02/15/30 (Call 11/15/29)		9,138		7,997,079
3.38%, 04/05/40 (Call 10/05/39)		6,955		5,365,393
3.58%, 04/05/50 (Call 10/05/49)		7,431		5,475,891
5.80%, 11/30/25		5,570		5,610,004
5.90%, 03/15/34 (Call 12/15/33)		1,990		2,077,607
6.20%, 03/15/54 (Call 09/15/53)		970		1,057,513
Eagle Materials Inc., 2.50%, 07/01/31
(Call 04/01/31)		2,200		1,826,036
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)		3,467		3,132,162
4.00%, 06/15/25 (Call 03/15/25)		2,285		2,242,121
4.00%, 03/25/32 (Call 12/25/31)		1,965		1,782,165
4.50%, 03/25/52 (Call 09/25/51)		2,392		1,943,278
5.88%, 06/01/33 (Call 03/01/33)		2,074		2,106,654
Johnson Controls International PLC
3.90%, 02/14/26 (Call 11/14/25)		3,151		3,070,711
4.50%, 02/15/47 (Call 08/15/46)		2,572		2,209,078
4.63%, 07/02/44 (Call 01/02/44)		2,190		1,912,642
4.95%, 07/02/64 (Call 01/02/64)(e)		1,812		1,610,181
5.13%, 09/14/45 (Call 03/14/45)		617		574,134
6.00%, 01/15/36		829		870,920
Johnson Controls International PLC/Tyco Fire & Security Finance SCA
1.75%, 09/15/30 (Call 06/15/30)		2,755		2,247,135
2.00%, 09/16/31 (Call 06/16/31)		2,005		1,610,465
4.90%, 12/01/32 (Call 09/01/32)		1,620		1,590,465
Lafarge SA, 7.13%, 07/15/36		910		1,008,280
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)		1,660		1,564,942
1.70%, 08/01/27 (Call 06/01/27)		1,353		1,212,670
5.50%, 09/15/28 (Call 08/15/28)		2,150		2,170,004
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)		2,080		1,728,078
3.20%, 07/15/51 (Call 01/15/51)		3,480		2,408,748
3.45%, 06/01/27 (Call 03/01/27)		1,443		1,376,145
3.50%, 12/15/27 (Call 09/15/27)		3,804		3,609,070
4.25%, 12/15/47 (Call 06/15/47)		3,155		2,621,905
Series CB, 2.50%, 03/15/30 (Call 12/15/29)		2,826		2,444,350
Masco Corp.
1.50%, 02/15/28 (Call 12/15/27)		2,737		2,376,759
2.00%, 10/01/30 (Call 07/01/30)		2,579		2,098,415
2.00%, 02/15/31 (Call 11/15/30)		1,300		1,055,636
3.13%, 02/15/51 (Call 08/15/50)		1,621		1,079,561
3.50%, 11/15/27 (Call 08/15/27)		2,568		2,413,844
4.50%, 05/15/47 (Call 11/15/46)(b)		2,070		1,728,634
Mohawk Industries Inc.
3.63%, 05/15/30 (Call 02/15/30)(b)		1,700		1,546,909
5.85%, 09/18/28 (Call 08/18/28)(b)		1,825		1,861,961
Owens Corning
3.40%, 08/15/26 (Call 05/15/26)		2,868		2,737,040
3.88%, 06/01/30 (Call 03/01/30)		1,725		1,590,040
3.95%, 08/15/29 (Call 05/15/29)		3,653		3,445,993
4.30%, 07/15/47 (Call 01/15/47)		3,126		2,561,551
4.40%, 01/30/48 (Call 07/30/47)		1,949		1,602,856
7.00%, 12/01/36		1,465		1,627,249
Trane Technologies Financing Ltd.
3.50%, 03/21/26 (Call 01/21/26)		2,392		2,311,500
3.80%, 03/21/29 (Call 12/21/28)		3,630		3,431,420

Security	Par (000)		Value
Building Materials (continued)
4.50%, 03/21/49 (Call 09/21/48)	$	1,635	$	1,447,297
4.65%, 11/01/44 (Call 05/01/44)		1,263		1,133,433
5.25%, 03/03/33 (Call 12/03/32)		575		580,541
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)		2,388		2,277,178
4.30%, 02/21/48 (Call 08/21/47)		1,103		948,742
5.75%, 06/15/43		2,312		2,389,390
Vulcan Materials Co.
3.50%, 06/01/30 (Call 03/01/30)		3,835		3,495,087
3.90%, 04/01/27 (Call 01/01/27)		1,480		1,433,858
4.50%, 04/01/25 (Call 01/01/25)		1,687		1,669,055
4.50%, 06/15/47 (Call 12/15/46)		3,224		2,788,296
4.70%, 03/01/48 (Call 09/01/47)		1,878		1,681,788
5.80%, 03/01/26 (Call 03/01/24)		620		620,000
				135,810,940
Chemicals — 0.4%
Air Products and Chemicals Inc.
1.50%, 10/15/25 (Call 09/15/25)		3,765		3,559,616
1.85%, 05/15/27 (Call 03/15/27)		5,927		5,417,307
2.05%, 05/15/30 (Call 02/15/30)		3,722		3,164,657
2.70%, 05/15/40 (Call 11/15/39)		2,851		2,052,347
2.80%, 05/15/50 (Call 11/15/49)		4,412		2,930,722
4.60%, 02/08/29 (Call 01/08/29)		3,890		3,840,746
4.75%, 02/08/31 (Call 12/08/30)		3,940		3,893,308
4.80%, 03/03/33 (Call 12/03/32)		3,195		3,151,809
4.85%, 02/08/34 (Call 11/08/33)		3,800		3,725,857
Albemarle Corp.
4.65%, 06/01/27 (Call 05/01/27)		2,360		2,318,438
5.05%, 06/01/32 (Call 03/01/32)(b)		1,210		1,148,811
5.45%, 12/01/44 (Call 06/01/44)		2,690		2,447,481
5.65%, 06/01/52 (Call 12/01/51)		1,470		1,317,825
Cabot Corp.
4.00%, 07/01/29 (Call 04/01/29)		560		522,470
5.00%, 06/30/32 (Call 03/30/32)		2,290		2,205,829
Celanese U.S. Holdings LLC
1.40%, 08/05/26 (Call 07/05/26)		2,454		2,222,240
6.05%, 03/15/25		4,045		4,054,370
6.17%, 07/15/27 (Call 06/15/27)		9,075		9,214,099
6.33%, 07/15/29 (Call 05/15/29)		1,945		1,998,737
6.35%, 11/15/28 (Call 10/15/28)		3,915		4,029,877
6.38%, 07/15/32 (Call 04/15/32)		3,410		3,501,131
6.55%, 11/15/30 (Call 09/15/30)		4,095		4,249,549
6.70%, 11/15/33 (Call 08/15/33)		3,690		3,873,958
CF Industries Inc.
4.95%, 06/01/43		3,920		3,467,747
5.15%, 03/15/34		3,466		3,358,301
5.38%, 03/15/44		2,692		2,506,795
Dow Chemical Co. (The)
2.10%, 11/15/30 (Call 08/15/30)(b)		1,281		1,069,070
3.60%, 11/15/50 (Call 05/15/50)		2,301		1,673,893
4.25%, 10/01/34 (Call 04/01/34)		2,824		2,598,027
4.38%, 11/15/42 (Call 05/15/42)		6,976		5,888,764
4.63%, 10/01/44 (Call 04/01/44)		2,355		2,041,866
4.80%, 11/30/28 (Call 08/30/28)		3,467		3,440,363
4.80%, 05/15/49 (Call 11/15/48)		3,085		2,678,331
5.15%, 02/15/34 (Call 11/15/33)		1,385		1,364,077
5.25%, 11/15/41 (Call 05/15/41)		5,741		5,376,535
5.55%, 11/30/48 (Call 05/30/48)		3,538		3,440,000
5.60%, 02/15/54 (Call 08/15/53)		1,045		1,024,466
6.30%, 03/15/33 (Call 12/15/32)(b)		875		937,062
6.90%, 05/15/53 (Call 11/15/52)		1,795		2,051,659

30 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
7.38%, 11/01/29	$	4,069	$	4,510,774
9.40%, 05/15/39		2,012		2,683,333
DuPont de Nemours Inc.
4.49%, 11/15/25 (Call 09/15/25)		10,980		10,852,243
4.73%, 11/15/28 (Call 08/15/28)		10,097		10,043,840
5.32%, 11/15/38 (Call 05/15/38)		6,620		6,548,680
5.42%, 11/15/48 (Call 05/15/48)		7,694		7,553,325
Eastman Chemical Co.
3.80%, 03/15/25 (Call 12/15/24)		5,084		4,992,620
4.50%, 12/01/28 (Call 09/01/28)		1,326		1,286,994
4.65%, 10/15/44 (Call 04/15/44)		3,943		3,332,601
4.80%, 09/01/42 (Call 03/01/42)		2,782		2,439,088
5.63%, 02/20/34 (Call 11/20/33)(b)		1,330		1,321,510
5.75%, 03/08/33 (Call 12/08/32)		1,665		1,678,886
Ecolab Inc.
1.30%, 01/30/31 (Call 10/30/30)		3,180		2,516,026
1.65%, 02/01/27 (Call 01/01/27)		1,667		1,523,694
2.13%, 02/01/32 (Call 11/01/31)		2,930		2,400,065
2.13%, 08/15/50 (Call 02/15/50)		1,138		657,274
2.70%, 11/01/26 (Call 08/01/26)		4,749		4,501,289
2.70%, 12/15/51 (Call 06/15/51)		2,685		1,695,925
2.75%, 08/18/55 (Call 02/18/55)		5,679		3,529,839
3.25%, 12/01/27 (Call 09/01/27)		2,665		2,523,565
3.95%, 12/01/47 (Call 06/01/47)		610		506,604
4.80%, 03/24/30 (Call 12/24/29)		3,128		3,122,423
5.25%, 01/15/28 (Call 12/15/27)		3,290		3,337,578
5.50%, 12/08/41(b)		105		106,791
EIDP Inc.
1.70%, 07/15/25 (Call 06/15/25)		4,930		4,686,658
2.30%, 07/15/30 (Call 04/15/30)		3,342		2,860,440
4.50%, 05/15/26 (Call 04/15/26)		1,490		1,467,237
4.80%, 05/15/33 (Call 02/15/33)(b)		420		410,987
FMC Corp.
3.20%, 10/01/26 (Call 08/01/26)		2,098		1,966,220
3.45%, 10/01/29 (Call 07/01/29)		2,161		1,920,200
4.50%, 10/01/49 (Call 04/01/49)		2,335		1,735,503
5.15%, 05/18/26 (Call 04/18/26)(b)		2,055		2,028,140
5.65%, 05/18/33 (Call 02/18/33)(b)		2,175		2,105,724
6.38%, 05/18/53 (Call 11/18/52)(b)		2,295		2,240,107
Huntsman International LLC
2.95%, 06/15/31 (Call 03/15/31)		2,310		1,903,587
4.50%, 05/01/29 (Call 02/01/29)		3,650		3,467,632
International Flavors & Fragrances Inc.
4.38%, 06/01/47 (Call 12/01/46)		2,260		1,688,850
4.45%, 09/26/28 (Call 06/26/28)		1,405		1,357,262
5.00%, 09/26/48 (Call 03/26/48)		2,217		1,858,996
Linde Inc./CT
1.10%, 08/10/30 (Call 05/10/30)		4,832		3,866,068
2.00%, 08/10/50 (Call 02/10/50)		2,015		1,130,894
3.20%, 01/30/26 (Call 10/30/25)		4,979		4,825,866
3.55%, 11/07/42 (Call 05/07/42)		2,192		1,750,529
4.70%, 12/05/25 (Call 11/05/25)		5,460		5,435,013
Lubrizol Corp. (The), 6.50%, 10/01/34		632		714,200
LYB International Finance BV
4.88%, 03/15/44 (Call 09/15/43)		4,060		3,560,741
5.25%, 07/15/43		884		810,838
LYB International Finance II BV, 3.50%,
03/02/27 (Call 12/02/26)		940		895,017
LYB International Finance III LLC
1.25%, 10/01/25 (Call 09/01/25)		3,337		3,119,429
2.25%, 10/01/30 (Call 07/01/30)(b)		2,382		1,983,048

Security	Par (000)		Value
Chemicals (continued)
3.38%, 10/01/40 (Call 04/01/40)	$	3,418	$	2,531,604
3.63%, 04/01/51 (Call 10/01/50)		4,176		2,900,767
3.80%, 10/01/60 (Call 04/01/60)(b)		3,436		2,324,311
4.20%, 10/15/49 (Call 04/15/49)		3,958		3,054,876
4.20%, 05/01/50 (Call 11/01/49)		4,212		3,254,299
5.50%, 03/01/34 (Call 12/01/33)		3,295		3,269,968
5.63%, 05/15/33 (Call 02/15/33)		2,685		2,720,711
LyondellBasell Industries NV, 4.63%, 02/26/55
(Call 08/26/54)		3,812		3,130,498
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)		1,160		1,114,616
4.88%, 11/15/41 (Call 05/15/41)		1,090		951,406
5.38%, 11/15/28 (Call 10/15/28)		1,500		1,508,733
5.45%, 11/15/33 (Call 05/15/33)		1,517		1,499,031
5.63%, 11/15/43 (Call 05/15/43)		923		884,446
NewMarket Corp., 2.70%, 03/18/31
(Call 12/18/30)		1,981		1,644,815
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		1,769		1,564,337
3.00%, 04/01/25 (Call 01/01/25)		3,670		3,569,697
3.95%, 05/13/50 (Call 11/13/49)		1,645		1,280,931
4.00%, 12/15/26 (Call 09/15/26)		2,699		2,614,482
4.13%, 03/15/35 (Call 09/15/34)		1,990		1,792,137
4.20%, 04/01/29 (Call 01/01/29)		3,165		3,040,438
4.90%, 03/27/28 (Call 02/27/28)		1,847		1,831,848
4.90%, 06/01/43 (Call 12/01/42)		2,439		2,203,684
5.00%, 04/01/49 (Call 10/01/48)		2,664		2,404,038
5.25%, 01/15/45 (Call 07/15/44)		2,057		1,913,987
5.63%, 12/01/40		1,021		998,647
5.80%, 03/27/53 (Call 09/27/52)		1,450		1,451,467
5.88%, 12/01/36		2,054		2,101,984
5.95%, 11/07/25		2,930		2,954,647
6.13%, 01/15/41 (Call 07/15/40)		305		312,980
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)		4,355		4,025,125
2.55%, 06/15/30 (Call 03/15/30)		1,147		989,556
2.80%, 08/15/29 (Call 05/15/29)		1,895		1,698,542
3.75%, 03/15/28 (Call 12/15/27)		4,561		4,367,965
Rohm & Haas Co., 7.85%, 07/15/29		2,484		2,757,998
RPM International Inc.
2.95%, 01/15/32 (Call 10/15/31)		1,845		1,556,840
3.75%, 03/15/27 (Call 12/15/26)		2,915		2,781,378
4.25%, 01/15/48 (Call 07/15/47)(b)		1,186		953,370
4.55%, 03/01/29 (Call 12/01/28)		1,739		1,673,089
5.25%, 06/01/45 (Call 12/01/44)		1,350		1,238,785
Sherwin-Williams Co. (The)
2.20%, 03/15/32 (Call 12/15/31)		2,962		2,396,659
2.30%, 05/15/30 (Call 02/15/30)		2,153		1,830,268
2.90%, 03/15/52 (Call 09/15/51)		2,720		1,754,668
2.95%, 08/15/29 (Call 05/15/29)		3,777		3,396,716
3.30%, 05/15/50 (Call 11/15/49)		2,290		1,602,557
3.45%, 08/01/25 (Call 05/01/25)		2,834		2,761,614
3.45%, 06/01/27 (Call 03/01/27)		7,555		7,194,791
3.80%, 08/15/49 (Call 02/15/49)		2,700		2,082,898
3.95%, 01/15/26 (Call 10/15/25)		2,611		2,555,060
4.00%, 12/15/42 (Call 06/15/42)		1,210		987,570
4.25%, 08/08/25		2,650		2,608,976
4.50%, 06/01/47 (Call 12/01/46)		5,193		4,482,560
4.55%, 08/01/45 (Call 02/01/45)		1,132		974,468
Westlake Corp.
2.88%, 08/15/41 (Call 02/15/41)		1,398		951,983

S C H E D U L E O F I N V E S T M E N T S 31

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
3.13%, 08/15/51 (Call 02/15/51)	$	3,080	$	1,939,933
3.38%, 06/15/30 (Call 03/15/30)		1,865		1,665,867
3.38%, 08/15/61 (Call 02/15/61)(b)		2,504		1,550,611
3.60%, 08/15/26 (Call 05/15/26)		3,974		3,824,323
4.38%, 11/15/47 (Call 05/15/47)		1,975		1,622,555
5.00%, 08/15/46 (Call 02/15/46)		3,000		2,669,031
				392,933,434
Coal — 0.0%
Teck Resources Ltd.
3.90%, 07/15/30 (Call 04/15/30)		265		241,655
5.20%, 03/01/42 (Call 09/01/41)		1,178		1,062,090
5.40%, 02/01/43 (Call 08/01/42)		473		438,319
6.00%, 08/15/40 (Call 02/15/40)		2,130		2,109,298
6.13%, 10/01/35		1,794		1,833,522
6.25%, 07/15/41 (Call 01/15/41)		1,716		1,734,943
				7,419,827
Commercial Services — 0.3%
American University (The), Series 2019,
3.67%, 04/01/49(b)		2,410		1,943,861
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)		6,507		5,270,508
1.70%, 05/15/28 (Call 03/15/28)		4,630		4,122,035
3.38%, 09/15/25 (Call 06/15/25)		6,426		6,278,009
Block Financial LLC
2.50%, 07/15/28 (Call 05/15/28)		2,773		2,442,355
3.88%, 08/15/30 (Call 05/15/30)		2,403		2,166,470
5.25%, 10/01/25 (Call 07/01/25)		1,349		1,338,897
Brown University, Series A, 2.92%, 09/01/50
(Call 03/01/50)		1,975		1,387,629
California Endowment (The), Series 2021,
2.50%, 04/01/51 (Call 10/01/50)		3,233		2,001,290
California Institute of Technology
3.65%, 09/01/2119 (Call 03/01/19)		674		469,108
4.32%, 08/01/45		842		765,168
4.70%, 11/01/2111		1,709		1,521,456
Case Western Reserve University, 5.41%,
06/01/2122 (Call 12/01/21)		1,283		1,231,047
Cintas Corp. No. 2
3.45%, 05/01/25 (Call 04/01/25)		1,915		1,874,689
3.70%, 04/01/27 (Call 01/01/27)		6,147		5,953,611
4.00%, 05/01/32 (Call 02/01/32)		2,465		2,308,615
Claremont Mckenna College, 3.78%,
01/01/2122 (Call 07/01/21)		510		341,467
Duke University
Series 2020, 2.68%, 10/01/44		1,516		1,107,171
Series 2020, 2.76%, 10/01/50		1,583		1,090,052
Series 2020, 2.83%, 10/01/55		2,560		1,738,525
Emory University
Series 2020, 2.14%, 09/01/30
(Call 06/01/30)		358		305,268
Series 2020, 2.97%, 09/01/50
(Call 03/01/50)(b)		1,953		1,359,988
Equifax Inc.
2.35%, 09/15/31 (Call 06/15/31)		5,375		4,389,092
2.60%, 12/15/25 (Call 11/15/25)		2,257		2,150,486
3.10%, 05/15/30 (Call 02/15/30)		3,606		3,179,335
5.10%, 12/15/27 (Call 11/15/27)		3,160		3,146,221
5.10%, 06/01/28 (Call 05/01/28)		2,600		2,584,060

Security	Par (000)		Value
Commercial Services (continued)
Ford Foundation (The)
Series 2020, 2.42%, 06/01/50
(Call 12/01/49)	$	2,670	$	1,673,512
Series 2020, 2.82%, 06/01/70
(Call 12/01/69)(b)		2,857		1,698,560
George Washington University (The)
4.87%, 09/15/45		1,805		1,730,654
Series 2014, 4.30%, 09/15/44		870		760,736
Series 2018, 4.13%, 09/15/48
(Call 03/15/48)		3,341		2,853,212
Georgetown University (The)
5.12%, 04/01/53 (Call 10/01/52)		20		20,033
Series 20A, 2.94%, 04/01/50
(Call 10/01/49)		1,514		1,030,658
Series A, 5.22%, (Call 04/01/18)		916		847,748
Series B, 4.32%, 04/01/49 (Call 10/01/48)		1,473		1,296,863
Global Payments Inc.
1.20%, 03/01/26 (Call 02/01/26)		3,152		2,901,672
2.15%, 01/15/27 (Call 12/15/26)		3,607		3,310,323
2.90%, 05/15/30 (Call 02/15/30)		3,569		3,074,367
2.90%, 11/15/31 (Call 08/15/31)		3,379		2,819,550
3.20%, 08/15/29 (Call 05/15/29)		5,962		5,313,753
4.15%, 08/15/49 (Call 02/15/49)		2,854		2,176,500
4.45%, 06/01/28 (Call 03/01/28)		2,440		2,351,873
4.80%, 04/01/26 (Call 01/01/26)		4,327		4,269,692
4.95%, 08/15/27 (Call 07/15/27)		1,669		1,652,675
5.30%, 08/15/29 (Call 06/15/29)		2,220		2,190,240
5.40%, 08/15/32 (Call 05/15/32)		3,285		3,240,880
5.95%, 08/15/52 (Call 02/15/52)(b)		3,215		3,159,882
GXO Logistics Inc.
1.65%, 07/15/26 (Call 06/15/26)		3,184		2,919,566
2.65%, 07/15/31 (Call 04/15/31)		3,222		2,616,985
Howard University, 5.21%, 10/01/52
(Call 10/01/32)		978		893,428
Johns Hopkins University
4.71%, 07/01/32 (Call 04/01/32)		1,430		1,438,064
Series 2013, 4.08%, 07/01/53		2,373		2,082,025
Series A, 2.81%, 01/01/60
(Call 07/01/59)(b)		1,415		912,898
Leland Stanford Junior University (The)
1.29%, 06/01/27 (Call 04/01/27)		1,280		1,148,648
2.41%, 06/01/50 (Call 12/01/49)		1,985		1,276,090
3.65%, 05/01/48 (Call 11/01/47)		2,731		2,257,433
Massachusetts Institute of Technology
3.07%, 04/01/52 (Call 10/01/51)		1,498		1,092,030
3.89%, 07/01/2116		568		428,051
3.96%, 07/01/38		819		741,404
4.68%,		2,428		2,214,372
5.60%,		2,910		3,128,609
Series F, 2.99%, 07/01/50 (Call 01/01/50)		2,656		1,919,133
Series G, 2.29%, 07/01/51
(Call 01/01/51)(b)		1,584		979,263
Moody’s Corp.
2.00%, 08/19/31 (Call 05/19/31)(b)		3,822		3,089,956
2.75%, 08/19/41 (Call 02/19/41)		3,325		2,335,074
3.10%, 11/29/61 (Call 05/29/61)		2,645		1,692,026
3.25%, 01/15/28 (Call 10/15/27)		2,954		2,779,320
3.25%, 05/20/50 (Call 11/20/49)		1,903		1,348,867
3.75%, 03/24/25 (Call 02/24/25)		1,070		1,052,059
3.75%, 02/25/52 (Call 08/25/51)(b)		1,380		1,067,950
4.25%, 02/01/29 (Call 11/01/28)		3,076		2,979,527

32 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
4.25%, 08/08/32 (Call 05/08/32)	$	2,665	$	2,517,349
4.88%, 12/17/48 (Call 06/17/48)		2,025		1,868,178
5.25%, 07/15/44		1,821		1,781,376
Northeastern University, Series 2020, 2.89%, 10/01/50(b)		1,541		1,065,025
Northwestern University 4.64%, 12/01/44		1,490		1,416,373
Series 2017, 3.66%, 12/01/57 (Call 06/01/57)		1,499		1,181,680
Series 2020, 2.64%, 12/01/50 (Call 06/01/50)(b)		2,899		1,914,500
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		5,764		5,518,626
2.30%, 06/01/30 (Call 03/01/30)		4,954		4,214,158
2.65%, 10/01/26 (Call 08/01/26)		5,936		5,597,305
2.85%, 10/01/29 (Call 07/01/29)		6,839		6,098,635
3.25%, 06/01/50 (Call 12/01/49)(b)		2,647		1,841,395
3.90%, 06/01/27 (Call 05/01/27)		950		918,403
4.40%, 06/01/32 (Call 03/01/32)(b)		4,885		4,685,627
5.05%, 06/01/52 (Call 12/01/51)(b)		4,630		4,344,443
5.25%, 06/01/62 (Call 12/01/61)		1,735		1,615,065
President and Fellows of Harvard College
2.52%, 10/15/50 (Call 04/15/50)		2,404		1,572,823
3.15%, 07/15/46 (Call 01/15/46)		1,570		1,174,140
3.30%, 07/15/56 (Call 01/15/56)		1,846		1,367,284
3.75%, 11/15/52 (Call 05/15/52)		230		191,355
4.88%, 10/15/40		745		734,915
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)		2,126		1,701,789
2.90%, 10/01/30 (Call 07/01/30)		3,485		3,021,493
3.05%, 10/01/41 (Call 04/01/41)		2,465		1,732,010
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		2,589		2,311,394
4.00%, 03/18/29 (Call 12/18/28)		6,897		6,587,040
4.75%, 05/20/32 (Call 02/20/32)		760		746,337
Rockefeller Foundation (The), Series 2020,
2.49%, 10/01/50 (Call 04/01/50)		4,789		3,051,025
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)(b)		3,238		2,583,746
2.30%, 08/15/60 (Call 02/15/60)		3,595		1,942,395
2.45%, 03/01/27 (Call 02/01/27)		2,925		2,726,554
2.50%, 12/01/29 (Call 09/01/29)		3,072		2,706,837
2.70%, 03/01/29 (Call 01/01/29)		4,505		4,074,205
2.90%, 03/01/32 (Call 12/01/31)		3,341		2,877,101
2.95%, 01/22/27 (Call 10/22/26)		3,926		3,720,080
3.25%, 12/01/49 (Call 06/01/49)		3,743		2,666,610
3.70%, 03/01/52 (Call 09/01/51)		3,725		2,880,209
3.90%, 03/01/62 (Call 09/01/61)		1,134		882,548
4.25%, 05/01/29 (Call 02/01/29)		4,675		4,533,228
4.75%, 08/01/28 (Call 05/01/28)		5,090		5,069,609
5.25%, 09/15/33 (Call 06/15/33)(c)		1,427		1,441,849
Thomas Jefferson University, 3.85%, 11/01/57 (Call 05/01/57)		2,256		1,670,699
Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 (Call 12/15/31)		2,464		1,960,895
Trustees of Boston College, 3.13%, 07/01/52		1,723		1,249,747
Trustees of Boston University, Series CC, 4.06%, 10/01/48 (Call 04/01/48)		1,612		1,376,770
Trustees of Princeton University (The)
4.20%, 03/01/52 (Call 09/01/51)(b)		1,120		1,014,563

Security	Par (000)		Value
Commercial Services (continued)
5.70%, 03/01/39	$	2,490	$	2,711,191
Series 2020, 2.52%, 07/01/50 (Call 01/01/50)(b)		2,862		1,904,639
Trustees of the University of Pennsylvania (The)
3.61%, 02/15/2119 (Call 08/15/18)(b)		2,233		1,543,182
4.67%, 09/01/2112		100		89,747
Series 2020, 2.40%, 10/01/50 (Call 04/01/50)		1,223		761,588
UL Solutions Inc., 6.50%, 10/20/28 (Call 09/20/28)(c)		1,050		1,084,545
University of Chicago (The)
3.00%, 10/01/52 (Call 04/01/52)		995		698,662
4.00%, 10/01/53 (Call 04/01/53)		1,924		1,597,479
Series 20B, 2.76%, 04/01/45 (Call 10/01/44)		1,477		1,137,080
Series C, 2.55%, 04/01/50 (Call 10/01/49)		2,071		1,383,346
University of Miami, 4.06%, 04/01/52		1,027		865,031
University of Notre Dame du Lac
Series 2015, 3.44%, 02/15/45		2,430		1,939,738
Series 2017, 3.39%, 02/15/48 (Call 08/15/47)		2,104		1,647,208
University of Southern California
2.81%, 10/01/50 (Call 04/01/50)		1,795		1,225,375
3.03%, 10/01/39		3,714		2,935,042
4.98%, 10/01/53 (Call 04/01/53)		1,155		1,159,467
5.25%, 10/01/2111		893		881,675
Series 2017, 3.84%, 10/01/47 (Call 04/01/47)		2,113		1,761,985
Series 21A, 2.95%, 10/01/51 (Call 04/01/51)		2,225		1,550,145
Series A, 3.23%, 10/01/2120 (Call 04/01/20)		1,359		826,207
Verisk Analytics Inc.
3.63%, 05/15/50 (Call 11/15/49)		2,346		1,717,880
4.00%, 06/15/25 (Call 03/15/25)		1,818		1,785,916
4.13%, 03/15/29 (Call 12/15/28)		3,218		3,087,971
5.50%, 06/15/45 (Call 12/15/44)		1,545		1,473,802
5.75%, 04/01/33 (Call 01/01/33)		2,520		2,603,019
Washington University (The)
3.52%, 04/15/54 (Call 10/15/53)		3,206		2,485,881
4.35%, 04/15/2122 (Call 10/15/21)		1,169		973,776
William Marsh Rice University
3.57%, 05/15/45		985		803,145
3.77%, 05/15/55(b)		1,465		1,180,705
Yale University
Series 2020, 0.87%, 04/15/25 (Call 03/15/25)		2,967		2,830,009
Series 2020, 1.48%, 04/15/30 (Call 01/15/30)		1,479		1,234,763
Series 2020, 2.40%, 04/15/50 (Call 10/15/49)(b)		1,378		883,951
				318,144,112
Computers — 0.6%
Amdocs Ltd., 2.54%, 06/15/30 (Call 03/15/30)		2,901		2,461,839
Apple Inc.
0.55%, 08/20/25 (Call 07/20/25)		5,953		5,596,037
0.70%, 02/08/26 (Call 01/08/26)		8,210		7,589,243
1.13%, 05/11/25 (Call 04/11/25)		8,746		8,351,670
1.20%, 02/08/28 (Call 12/08/27)		6,917		6,078,712
1.25%, 08/20/30 (Call 05/20/30)		7,082		5,731,553

S C H E D U L E O F I N V E S T M E N T S 33

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Computers (continued)
1.40%, 08/05/28 (Call 06/05/28)	$	7,865	$	6,874,013
1.65%, 05/11/30 (Call 02/11/30)		7,463		6,239,914
1.65%, 02/08/31 (Call 11/08/30)		5,540		4,561,796
1.70%, 08/05/31 (Call 05/05/31)		5,758		4,688,937
2.05%, 09/11/26 (Call 07/11/26)		8,647		8,084,083
2.20%, 09/11/29 (Call 06/11/29)		5,185		4,579,263
2.38%, 02/08/41 (Call 08/08/40)		4,700		3,305,692
2.40%, 08/20/50 (Call 02/20/50)(b)		3,541		2,203,755
2.45%, 08/04/26 (Call 05/04/26)		9,941		9,409,915
2.55%, 08/20/60 (Call 02/20/60)		11,242		6,944,954
2.65%, 05/11/50 (Call 11/11/49)		8,861		5,758,783
2.65%, 02/08/51 (Call 08/08/50)		8,210		5,291,124
2.70%, 08/05/51 (Call 02/05/51)		8,494		5,516,236
2.80%, 02/08/61 (Call 08/08/60)		4,343		2,761,201
2.85%, 08/05/61 (Call 02/05/61)		3,745		2,377,771
2.90%, 09/12/27 (Call 06/12/27)		7,616		7,183,340
2.95%, 09/11/49 (Call 03/11/49)		7,723		5,386,073
3.00%, 06/20/27 (Call 03/20/27)		5,990		5,681,394
3.00%, 11/13/27 (Call 08/13/27)		7,517		7,109,939
3.20%, 05/13/25		9,010		8,818,417
3.20%, 05/11/27 (Call 02/11/27)		7,702		7,348,928
3.25%, 02/23/26 (Call 11/23/25)		13,368		12,968,500
3.25%, 08/08/29 (Call 06/08/29)		5,530		5,170,457
3.35%, 02/09/27 (Call 11/09/26)		10,070		9,687,712
3.35%, 08/08/32 (Call 05/08/32)		7,545		6,849,859
3.45%, 02/09/45		9,571		7,602,191
3.75%, 09/12/47 (Call 03/12/47)		4,989		4,052,284
3.75%, 11/13/47 (Call 05/13/47)		6,252		5,084,862
3.85%, 05/04/43		12,058		10,314,906
3.85%, 08/04/46 (Call 02/04/46)		8,749		7,305,146
3.95%, 08/08/52 (Call 02/08/52)		7,520		6,240,805
4.00%, 05/10/28 (Call 04/10/28)		2,870		2,810,149
4.10%, 08/08/62 (Call 02/08/62)		5,025		4,209,484
4.15%, 05/10/30 (Call 03/10/30)		3,000		2,945,337
4.25%, 02/09/47 (Call 08/09/46)		3,706		3,325,331
4.30%, 05/10/33 (Call 02/10/33)(b)		3,310		3,267,699
4.38%, 05/13/45		7,884		7,193,746
4.45%, 05/06/44(b)		3,332		3,114,207
4.50%, 02/23/36 (Call 08/23/35)		4,968		4,882,664
4.65%, 02/23/46 (Call 08/23/45)		14,629		13,824,804
4.85%, 05/10/53 (Call 11/10/52)(b)		3,420		3,341,328
Booz Allen Hamilton Inc., 5.95%, 08/04/33 (Call 05/04/33)		742		763,504
CGI Inc.
1.45%, 09/14/26 (Call 08/14/26)		2,681		2,431,181
2.30%, 09/14/31 (Call 06/14/31)		2,743		2,194,202
Dell Inc.
6.50%, 04/15/38		2,275		2,379,128
7.10%, 04/15/28(b)		2,765		2,973,002
Dell International LLC/EMC Corp.
3.38%, 12/15/41 (Call 06/15/41)		5,845		4,258,621
3.45%, 12/15/51 (Call 06/15/51)		3,454		2,364,615
4.90%, 10/01/26 (Call 08/01/26)		8,864		8,783,055
5.25%, 02/01/28 (Call 01/01/28)		1,490		1,500,479
5.30%, 10/01/29 (Call 07/01/29)		6,635		6,647,580
5.75%, 02/01/33 (Call 11/01/32)(b)		2,180		2,238,647
5.85%, 07/15/25 (Call 06/15/25)		5,455		5,479,017
6.02%, 06/15/26 (Call 03/15/26)		5,485		5,545,457
6.10%, 07/15/27 (Call 05/15/27)(b)		3,190		3,272,789
6.20%, 07/15/30 (Call 04/15/30)		2,853		2,985,122
8.10%, 07/15/36 (Call 01/15/36)		3,572		4,280,443

Security	Par (000)		Value
Computers (continued)
8.35%, 07/15/46 (Call 01/15/46)	$	1,415	$	1,792,297
DXC Technology Co.
1.80%, 09/15/26 (Call 08/15/26)		3,355		3,046,248
2.38%, 09/15/28 (Call 07/15/28)		3,087		2,661,416
Fortinet Inc.
1.00%, 03/15/26 (Call 02/15/26)		3,500		3,211,558
2.20%, 03/15/31 (Call 12/15/30)		3,369		2,786,034
Genpact Luxembourg SARL/Genpact
USA Inc., 1.75%, 04/10/26 (Call 03/10/26)		775		714,409
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)		1,456		1,353,252
4.90%, 10/15/25 (Call 07/15/25)		10,086		10,021,135
5.25%, 07/01/28 (Call 06/01/28)(b)		2,565		2,569,101
6.10%, 04/01/26 (Call 04/01/24)		540		540,190
6.20%, 10/15/35 (Call 04/15/35)		3,730		3,894,355
6.35%, 10/15/45 (Call 04/15/45)		6,357		6,571,089
HP Inc.
1.45%, 06/17/26 (Call 05/17/26)(b)		311		285,738
2.20%, 06/17/25 (Call 05/17/25)		6,176		5,928,641
2.65%, 06/17/31 (Call 03/17/31)		4,685		3,909,417
3.00%, 06/17/27 (Call 04/17/27)		4,144		3,871,240
3.40%, 06/17/30 (Call 03/17/30)(b)		30		27,006
4.00%, 04/15/29 (Call 02/15/29)		4,290		4,085,538
4.20%, 04/15/32 (Call 01/15/32)		1,890		1,742,566
4.75%, 01/15/28 (Call 12/15/27)		3,850		3,810,597
5.50%, 01/15/33 (Call 10/15/32)(b)		5,235		5,237,076
6.00%, 09/15/41		5,452		5,575,066
IBM International Capital Pte Ltd.
4.60%, 02/05/27 (Call 01/05/27)		3,650		3,604,877
4.60%, 02/05/29 (Call 01/05/29)		3,690		3,619,205
4.70%, 02/05/26		4,170		4,136,819
4.75%, 02/05/31 (Call 12/05/30)		3,270		3,186,605
4.90%, 02/05/34 (Call 11/05/33)		2,980		2,889,857
5.25%, 02/05/44 (Call 08/05/43)		2,750		2,635,051
5.30%, 02/05/54 (Call 08/05/53)		5,820		5,585,541
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)		5,394		4,869,062
1.95%, 05/15/30 (Call 02/15/30)		6,090		5,095,155
2.20%, 02/09/27 (Call 01/09/27)		3,360		3,105,894
2.72%, 02/09/32 (Call 11/09/31)		2,075		1,797,224
2.85%, 05/15/40 (Call 11/15/39)		1,038		754,851
2.95%, 05/15/50 (Call 11/15/49)		2,419		1,593,489
3.30%, 05/15/26		10,454		10,064,858
3.30%, 01/27/27		2,673		2,553,621
3.43%, 02/09/52 (Call 08/09/51)		3,360		2,393,159
3.45%, 02/19/26		6,336		6,146,443
3.50%, 05/15/29		10,415		9,721,623
4.00%, 07/27/25		3,010		2,963,622
4.00%, 06/20/42		2,841		2,362,037
4.15%, 07/27/27 (Call 06/27/27)		3,648		3,554,370
4.15%, 05/15/39		7,939		6,921,196
4.25%, 05/15/49		10,135		8,488,942
4.40%, 07/27/32 (Call 04/27/32)		3,590		3,428,580
4.50%, 02/06/26(b)		3,400		3,369,162
4.50%, 02/06/28 (Call 01/06/28)		3,610		3,560,911
4.70%, 02/19/46		2,834		2,566,551
4.75%, 02/06/33 (Call 11/06/32)(b)		3,617		3,529,570
4.90%, 07/27/52 (Call 01/27/52)		2,320		2,144,382
5.10%, 02/06/53 (Call 08/06/52)		2,595		2,473,324
5.60%, 11/30/39		1,420		1,460,009
5.88%, 11/29/32		2,719		2,878,618

34 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Computers (continued)
6.22%, 08/01/27	$	2,202	$	2,297,241
6.50%, 01/15/28		1,440		1,523,421
7.00%, 10/30/25		4,085		4,216,433
7.13%, 12/01/96(b)		979		1,229,379
Kyndryl Holdings Inc.
2.05%, 10/15/26 (Call 09/15/26)(b)		3,120		2,849,909
2.70%, 10/15/28 (Call 08/15/28)		2,372		2,079,684
3.15%, 10/15/31 (Call 07/15/31)(b)		3,465		2,857,385
4.10%, 10/15/41 (Call 04/15/41)		885		662,003
6.35%, 02/20/34 (Call 11/20/33)		465		469,129
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)		4,138		3,390,065
3.63%, 05/15/25 (Call 04/15/25)		1,721		1,680,469
4.38%, 05/15/30 (Call 02/15/30)		1,553		1,459,380
NetApp Inc.
1.88%, 06/22/25 (Call 05/22/25)		4,350		4,147,671
2.38%, 06/22/27 (Call 04/22/27)		2,341		2,143,939
2.70%, 06/22/30 (Call 03/22/30)		1,989		1,705,284
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30)		1,911		1,614,290
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		2,009		1,692,951
3.10%, 02/01/32 (Call 11/01/31)		2,713		2,114,956
				573,445,061
Cosmetics & Personal Care — 0.2%
Colgate-Palmolive Co.
3.10%, 08/15/25		1,455		1,418,589
3.10%, 08/15/27 (Call 07/15/27)		860		820,465
3.25%, 08/15/32 (Call 05/15/32)		2,740		2,455,648
3.70%, 08/01/47 (Call 02/01/47)(b)		2,135		1,761,253
4.00%, 08/15/45(b)		2,713		2,374,987
4.60%, 03/01/28 (Call 02/01/28)(b)		829		834,795
4.60%, 03/01/33 (Call 12/01/32)		1,244		1,234,716
4.80%, 03/02/26		1,774		1,778,267
Conopco Inc., Series E, 7.25%, 12/15/26		1,517		1,609,107
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)		3,765		3,086,420
2.38%, 12/01/29 (Call 09/01/29)		4,078		3,563,177
2.60%, 04/15/30 (Call 01/15/30)		3,554		3,109,942
3.13%, 12/01/49 (Call 06/01/49)		3,282		2,237,561
3.15%, 03/15/27 (Call 12/15/26)		3,417		3,254,807
4.15%, 03/15/47 (Call 09/15/46)		2,275		1,877,307
4.38%, 05/15/28 (Call 04/15/28)		2,150		2,113,792
4.38%, 06/15/45 (Call 12/15/44)		2,548		2,189,901
4.65%, 05/15/33 (Call 02/15/33)(b)		120		116,404
5.00%, 02/14/34 (Call 11/14/33)		1,325		1,301,807
5.15%, 05/15/53 (Call 11/15/52)		1,185		1,135,110
6.00%, 05/15/37(b)		2,572		2,740,917
Haleon U.K. Capital PLC, 3.13%, 03/24/25		8,133		7,933,139
Haleon U.S. Capital LLC
3.38%, 03/24/27 (Call 02/24/27)		7,195		6,839,748
3.38%, 03/24/29 (Call 01/24/29)		6,045		5,584,863
3.63%, 03/24/32 (Call 12/24/31)		6,410		5,738,920
4.00%, 03/24/52 (Call 09/24/51)		4,880		3,898,313
Kenvue Inc.
4.90%, 03/22/33 (Call 12/22/32)		5,880		5,813,644
5.00%, 03/22/30 (Call 01/22/30)		3,710		3,717,600
5.05%, 03/22/28 (Call 02/22/28)		6,185		6,223,759
5.05%, 03/22/53 (Call 09/22/52)		6,220		5,986,017
5.10%, 03/22/43 (Call 09/22/42)(b)		3,555		3,463,335
5.20%, 03/22/63 (Call 09/22/62)		2,885		2,789,947

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
5.35%, 03/22/26 (Call 02/22/26)	$	2,045	$	2,058,372
5.50%, 03/22/25(b)		825		827,043
Procter & Gamble Co. (The)
0.55%, 10/29/25		5,344		4,982,142
1.00%, 04/23/26		1,590		1,471,000
1.20%, 10/29/30		7,105		5,713,794
1.90%, 02/01/27		1,780		1,649,145
1.95%, 04/23/31		1,912		1,608,301
2.30%, 02/01/32		4,980		4,247,177
2.45%, 11/03/26		3,955		3,736,217
2.70%, 02/02/26		3,334		3,206,588
2.80%, 03/25/27		3,942		3,731,644
2.85%, 08/11/27		4,611		4,351,066
3.00%, 03/25/30		7,900		7,228,814
3.50%, 10/25/47		1,835		1,475,039
3.55%, 03/25/40		1,745		1,493,792
3.60%, 03/25/50		1,102		903,985
3.95%, 01/26/28(b)		3,055		3,001,877
4.05%, 01/26/33(b)		1,715		1,651,946
4.10%, 01/26/26		5,027		4,970,715
4.35%, 01/29/29		2,870		2,845,386
4.55%, 01/29/34		2,960		2,920,959
5.55%, 03/05/37		1,120		1,201,497
5.80%, 08/15/34		615		683,805
Unilever Capital Corp.
1.38%, 09/14/30 (Call 06/14/30)(b)		2,736		2,210,870
1.75%, 08/12/31 (Call 05/12/31)		3,645		2,931,341
2.00%, 07/28/26		3,612		3,382,923
2.13%, 09/06/29 (Call 06/06/29)		4,250		3,702,109
2.90%, 05/05/27 (Call 02/05/27)		6,485		6,128,691
3.10%, 07/30/25		2,205		2,149,179
3.38%, 03/22/25 (Call 01/22/25)		1,664		1,631,774
3.50%, 03/22/28 (Call 12/22/27)		5,014		4,797,001
4.88%, 09/08/28 (Call 08/08/28)		2,050		2,064,767
5.00%, 12/08/33 (Call 09/08/33)		2,481		2,485,165
5.90%, 11/15/32		4,885		5,197,911
Series 30Y, 2.63%, 08/12/51 (Call 02/12/51)		3,080		1,987,043
				203,633,335
Distribution & Wholesale — 0.0%
LKQ Corp.
5.75%, 06/15/28 (Call 05/15/28)		250		252,520
6.25%, 06/15/33 (Call 03/15/33)		315		323,792
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		2,101		1,686,122
4.20%, 05/15/47 (Call 11/15/46)		2,070		1,777,937
4.60%, 06/15/45 (Call 12/15/44)		3,765		3,427,627
				7,467,998
Diversified Financial Services — 0.9%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
1.75%, 01/30/26 (Call 12/30/25)		3,273		3,040,666
2.45%, 10/29/26 (Call 09/29/26)		10,258		9,465,072
3.00%, 10/29/28 (Call 08/29/28)		14,475		13,005,801
3.30%, 01/30/32 (Call 10/30/31)		16,145		13,663,093
3.40%, 10/29/33 (Call 07/29/33)		7,442		6,190,766
3.65%, 07/21/27 (Call 04/21/27)		5,425		5,107,328
3.85%, 10/29/41 (Call 04/29/41)		4,088		3,160,200
3.88%, 01/23/28 (Call 10/23/27)		4,402		4,145,012
4.45%, 10/01/25 (Call 08/01/25)		3,560		3,491,742

S C H E D U L E O F I N V E S T M E N T S 35

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.45%, 04/03/26 (Call 02/03/26)	$	3,938	$	3,857,329
4.63%, 10/15/27 (Call 08/15/27)		3,116		3,016,669
5.10%, 01/19/29 (Call 12/19/28)		2,820		2,772,209
5.30%, 01/19/34 (Call 10/19/33)		3,255		3,144,803
5.75%, 06/06/28 (Call 05/06/28)		2,695		2,716,480
6.10%, 01/15/27 (Call 12/15/26)		1,870		1,894,174
6.15%, 09/30/30 (Call 07/30/30)		3,125		3,227,287
6.45%, 04/15/27 (Call 03/15/27)(c)		300		307,149
6.50%, 07/15/25 (Call 06/15/25)		4,662		4,704,103
Affiliated Managers Group Inc.
3.30%, 06/15/30 (Call 03/15/30)		1,991		1,752,090
3.50%, 08/01/25		2,279		2,216,472
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)		2,388		2,193,067
2.10%, 09/01/28 (Call 07/01/28)		2,540		2,205,797
2.20%, 01/15/27 (Call 12/15/26)		1,335		1,222,799
2.88%, 01/15/26 (Call 12/15/25)		4,651		4,436,871
2.88%, 01/15/32 (Call 10/15/31)		3,993		3,313,256
3.00%, 02/01/30 (Call 11/01/29)		2,886		2,508,689
3.13%, 12/01/30 (Call 09/01/30)		2,088		1,797,786
3.25%, 03/01/25 (Call 01/01/25)		4,168		4,069,469
3.25%, 10/01/29 (Call 07/01/29)		2,341		2,086,573
3.38%, 07/01/25 (Call 06/01/25)		2,877		2,795,387
3.63%, 04/01/27 (Call 01/01/27)		2,958		2,808,714
3.63%, 12/01/27 (Call 09/01/27)		2,504		2,344,300
3.75%, 06/01/26 (Call 04/01/26)		5,043		4,859,917
4.63%, 10/01/28 (Call 07/01/28)		2,594		2,505,544
5.10%, 03/01/29 (Call 02/01/29)		1,900		1,867,248
5.30%, 02/01/28 (Call 01/01/28)(b)		2,890		2,872,566
5.85%, 12/15/27 (Call 11/15/27)		570		576,214
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26)		3,547		3,437,529
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		3,875		3,291,819
4.63%, 03/30/25		1,842		1,818,551
4.75%, 06/09/27 (Call 05/09/27)(b)		3,380		3,281,936
5.80%, 05/01/25 (Call 04/01/25)(b)		2,703		2,698,296
6.85%, 01/03/30 (Call 01/03/29),
(1-day SOFR + 2.282%)(a)		2,740		2,800,378
6.99%, 06/13/29 (Call 06/13/28),
(1-day SOFR + 3.260%)(a)(b)		1,750		1,797,617
7.10%, 11/15/27 (Call 10/15/27)(b)		2,815		2,930,638
8.00%, 11/01/31		10,690		11,718,823
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)		3,984		3,642,593
2.25%, 03/04/25 (Call 02/01/25)		2,610		2,527,563
2.55%, 03/04/27 (Call 02/01/27)		9,095		8,449,568
3.13%, 05/20/26 (Call 04/20/26)		6,950		6,669,836
3.30%, 05/03/27 (Call 04/03/27)		6,635		6,290,107
3.95%, 08/01/25 (Call 07/01/25)		10,100		9,922,434
4.05%, 05/03/29 (Call 03/03/29)		4,650		4,494,167
4.05%, 12/03/42		5,290		4,550,418
4.20%, 11/06/25 (Call 10/06/25)		3,475		3,427,789
4.42%, 08/03/33 (Call 08/03/32),
(1-day SOFR + 1.760%)(a)		5,151		4,879,901
4.90%, 02/13/26 (Call 01/13/26)		7,495		7,470,507
4.99%, 05/01/26 (Call 05/01/25),
(1-day SOFR + 1.000%)(a)		5,270		5,239,674
4.99%, 05/26/33 (Call 02/26/32),
(1-day SOFR + 2.255%)(a)		2,735		2,660,298
5.04%, 05/01/34 (Call 05/01/33),
(1-day SOFR + 1.835%)(a)		5,100		5,002,162

Security	Par (000)		Value
Diversified Financial Services (continued)
5.10%, 02/16/28 (Call 02/16/27),
(1-day SOFR + 1.000%)(a)	$	2,815	$	2,803,769
5.28%, 07/27/29 (Call 07/27/28),
(1-day SOFR + 1.280%)(a)		4,960		4,988,346
5.39%, 07/28/27 (Call 07/28/26),
(1-day SOFR + 0.970%)(a)		1,895		1,900,222
5.63%, 07/28/34 (Call 07/28/33),
(1-day SOFR + 1.930%)(a)		550		553,372
5.85%, 11/05/27 (Call 10/05/27)		5,670		5,815,515
6.34%, 10/30/26 (Call 10/30/25),
(1-day SOFR + 1.330%)(a)		3,975		4,035,401
6.49%, 10/30/31 (Call 10/30/30),
(1-day SOFR + 1.940%)(a)		3,190		3,397,362
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)		1,107		1,049,145
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		3,093		2,934,338
3.00%, 04/02/25 (Call 03/02/25)		2,112		2,056,580
4.50%, 05/13/32 (Call 02/13/32)		2,500		2,398,529
5.15%, 05/15/33 (Call 02/15/33)		2,605		2,608,389
5.70%, 12/15/28 (Call 11/15/28)		2,240		2,303,354
Andrew W Mellon Foundation (The), Series 2020, 0.95%, 08/01/27 (Call 06/01/27)		3,490		3,065,184
Apollo Global Management Inc., 6.38%, 11/15/33 (Call 08/15/33)		1,654		1,774,986
Ares Management Corp., 6.38%, 11/10/28 (Call 10/10/28)		150		155,673
BGC Group Inc., 8.00%, 05/25/28 (Call 04/25/28)		795		839,440
Blue Owl Credit Income Corp., 7.95%, 06/13/28 (Call 05/13/28)(c)		230		237,012
Brookfield Capital Finance LLC, 6.09%, 06/14/33 (Call 03/14/33)		1,395		1,438,961
Brookfield Finance I U.K. PLC/Brookfield
Finance Inc., 2.34%, 01/30/32 (Call 10/30/31)		4,580		3,669,926
Brookfield Finance Inc.
2.72%, 04/15/31 (Call 01/15/31)		2,750		2,310,584
3.50%, 03/30/51 (Call 09/30/50)		2,487		1,766,169
3.63%, 02/15/52 (Call 08/15/51)(b)		1,702		1,213,208
3.90%, 01/25/28 (Call 10/25/27)		5,211		4,996,874
4.25%, 06/02/26 (Call 03/02/26)		2,304		2,262,184
4.35%, 04/15/30 (Call 01/15/30)		3,644		3,451,551
4.70%, 09/20/47 (Call 03/20/47)		3,726		3,161,605
4.85%, 03/29/29 (Call 12/29/28)		4,782		4,713,474
5.97%, 03/04/54 (Call 09/04/53)		910		918,489
6.35%, 01/05/34 (Call 10/05/33)		2,610		2,742,899
Brookfield Finance LLC/Brookfield
Finance Inc., 3.45%, 04/15/50 (Call 10/15/49)		2,380		1,651,904
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26),
(1-day SOFR + 0.855%)(a)		5,375		4,877,068
2.36%, 07/29/32 (Call 07/29/31),
(1-day SOFR + 1.337%)(a)		4,328		3,261,270
2.62%, 11/02/32 (Call 11/02/31),
(1-day SOFR + 1.265%)(a)		2,095		1,672,763
2.64%, 03/03/26 (Call 03/03/25),
(1-day SOFR + 1.290%)(a)		5,465		5,301,104
3.27%, 03/01/30 (Call 03/01/29),
(1-day SOFR + 1.790%)(a)		3,745		3,336,857

36 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
3.65%, 05/11/27 (Call 04/11/27)	$	4,157	$	3,957,087
3.75%, 07/28/26 (Call 06/28/26)		5,812		5,577,990
3.75%, 03/09/27 (Call 02/09/27)		5,979		5,707,299
3.80%, 01/31/28 (Call 12/31/27)		5,960		5,632,290
4.20%, 10/29/25 (Call 09/29/25)		6,023		5,887,382
4.25%, 04/30/25 (Call 03/31/25)		3,279		3,234,703
4.93%, 05/10/28 (Call 05/10/27),
(1-day SOFR + 2.057%)(a)		5,045		4,934,911
4.99%, 07/24/26 (Call 07/24/25),
(1-day SOFR + 2.160%)(a)		3,870		3,833,959
5.25%, 07/26/30 (Call 07/26/29),
(1-day SOFR + 2.600%)(a)		3,195		3,115,232
5.27%, 05/10/33 (Call 05/10/32),
(1-day SOFR + 2.370%)(a)		5,000		4,849,340
5.47%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 2.080%)(a)		3,660		3,635,946
5.70%, 02/01/30 (Call 02/01/29),
(1-day SOFR + 1.905%)(a)(b)		1,475		1,477,781
5.82%, 02/01/34 (Call 02/01/33),
(1-day SOFR + 2.600%)(a)		4,125		4,076,510
6.05%, 02/01/35 (Call 02/01/34),
(1-day SOFR + 2.260%)(a)(b)		2,160		2,179,266
6.31%, 06/08/29 (Call 06/08/28),
(1-day SOFR + 2.640%)(a)		6,660		6,820,807
6.38%, 06/08/34 (Call 06/08/33),
(1-day SOFR + 2.860%)(a)		7,275		7,493,600
7.15%, 10/29/27 (Call 10/29/26),
(1-day SOFR + 2.440%)(a)		2,665		2,762,902
7.62%, 10/30/31 (Call 10/30/30),
(1-day SOFR + 3.070%)(a)		2,690		2,943,893
Cboe Global Markets Inc.
1.63%, 12/15/30 (Call 09/15/30)		3,375		2,737,896
3.00%, 03/16/32 (Call 12/16/31)		2,130		1,842,127
3.65%, 01/12/27 (Call 10/12/26)		3,044		2,945,752
Charles Schwab Corp. (The)
0.90%, 03/11/26 (Call 02/11/26)		6,814		6,248,218
1.15%, 05/13/26 (Call 04/13/26)		5,743		5,269,035
1.65%, 03/11/31 (Call 12/11/30)		3,399		2,690,094
1.95%, 12/01/31 (Call 09/01/31)		4,141		3,286,915
2.00%, 03/20/28 (Call 01/20/28)		3,402		3,015,990
2.30%, 05/13/31 (Call 02/13/31)		4,348		3,599,019
2.45%, 03/03/27 (Call 02/03/27)		3,060		2,835,392
2.75%, 10/01/29 (Call 07/01/29)		2,179		1,933,077
2.90%, 03/03/32 (Call 12/03/31)		4,848		4,103,452
3.00%, 03/10/25 (Call 12/10/24)		245		239,203
3.20%, 03/02/27 (Call 12/02/26)		3,487		3,309,061
3.20%, 01/25/28 (Call 10/25/27)		4,168		3,902,175
3.25%, 05/22/29 (Call 02/22/29)		2,545		2,346,033
3.30%, 04/01/27 (Call 01/01/27)		4,390		4,170,320
3.45%, 02/13/26 (Call 11/13/25)		1,858		1,798,443
3.63%, 04/01/25 (Call 01/01/25)		2,249		2,205,924
3.85%, 05/21/25 (Call 03/21/25)		3,676		3,607,282
4.00%, 02/01/29 (Call 11/01/28)(b)		2,988		2,865,242
4.20%, 03/24/25 (Call 02/24/25)		3,489		3,450,347
4.63%, 03/22/30 (Call 12/22/29)(b)		2,598		2,564,523
5.64%, 05/19/29 (Call 05/19/28),
(1-day SOFR + 2.210%)(a)		1,590		1,610,052
5.85%, 05/19/34 (Call 05/19/33),
(1-day SOFR + 2.500%)(a)		3,840		3,897,497
5.88%, 08/24/26 (Call 07/24/26)		1,735		1,762,215

Security	Par (000)		Value
Diversified Financial Services (continued)
6.14%, 08/24/34 (Call 08/24/33),
(1-day SOFR + 2.010%)(a)	$	2,875	$	2,982,098
6.20%, 11/17/29 (Call 11/17/28),
(1-day SOFR + 1.878%)(a)		4,070		4,203,139
CI Financial Corp.
3.20%, 12/17/30 (Call 09/17/30)		4,148		3,302,564
4.10%, 06/15/51 (Call 12/15/50)(b)		3,835		2,265,847
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		3,711		3,178,925
3.00%, 03/15/25 (Call 12/15/24)		8,281		8,090,927
3.75%, 06/15/28 (Call 03/15/28)		5,313		5,125,656
4.15%, 06/15/48 (Call 12/15/47)		2,908		2,496,309
5.30%, 09/15/43 (Call 03/15/43)		3,974		4,022,375
Credit Suisse USA Inc., 7.13%, 07/15/32		1,916		2,138,126
Discover Financial Services
3.75%, 03/04/25 (Call 12/04/24)		1,867		1,832,435
4.10%, 02/09/27 (Call 11/09/26)		3,410		3,277,288
4.50%, 01/30/26 (Call 11/30/25)		2,421		2,378,920
6.70%, 11/29/32 (Call 08/29/32)		2,280		2,385,887
7.96%, 11/02/34 (Call 11/02/33),
(1-day SOFR + 3.370%)(a)		3,620		4,056,882
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		2,969		2,825,910
Franklin Resources Inc.
1.60%, 10/30/30 (Call 07/30/30)		2,477		1,997,839
2.85%, 03/30/25		1,566		1,525,645
2.95%, 08/12/51 (Call 02/12/51)		1,445		887,878
HPS Corporate Lending Fund, 6.75%, 01/30/29 (Call 12/30/28)(c)		150		148,575
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		6,133		4,733,195
2.10%, 06/15/30 (Call 03/15/30)		5,737		4,813,072
2.65%, 09/15/40 (Call 03/15/40)		3,408		2,413,982
3.00%, 06/15/50 (Call 12/15/49)		6,937		4,652,374
3.00%, 09/15/60 (Call 03/15/60)		3,371		2,088,323
3.10%, 09/15/27 (Call 06/15/27)		4,355		4,089,542
3.65%, 05/23/25		3,754		3,680,612
3.75%, 12/01/25 (Call 09/01/25)		7,816		7,621,557
3.75%, 09/21/28 (Call 06/21/28)(b)		3,035		2,896,678
4.00%, 09/15/27 (Call 08/15/27)		4,455		4,302,119
4.25%, 09/21/48 (Call 03/21/48)		6,445		5,454,747
4.35%, 06/15/29 (Call 04/15/29)		6,249		6,065,455
4.60%, 03/15/33 (Call 12/15/32)		6,010		5,745,018
4.95%, 06/15/52 (Call 12/15/51)		4,422		4,127,295
5.20%, 06/15/62 (Call 12/15/61)		4,455		4,281,320
Invesco Finance PLC
3.75%, 01/15/26		2,223		2,160,253
5.38%, 11/30/43		1,379		1,331,027
Janus Henderson U.S. Holdings Inc., 4.88%,
08/01/25 (Call 05/01/25)		1,899		1,876,601
Jefferies Financial Group Inc.
2.63%, 10/15/31 (Call 07/15/31)		3,645		2,981,176
2.75%, 10/15/32 (Call 07/15/32)		2,665		2,149,320
4.15%, 01/23/30		4,910		4,567,840
4.85%, 01/15/27		4,493		4,461,813
5.88%, 07/21/28 (Call 06/21/28)		3,385		3,450,841
6.25%, 01/15/36		3,003		3,085,564
6.45%, 06/08/27		1,776		1,830,572
6.50%, 01/20/43		1,409		1,467,260
Lazard Group LLC
3.63%, 03/01/27 (Call 12/01/26)		1,756		1,661,103

S C H E D U L E O F I N V E S T M E N T S 37

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.38%, 03/11/29 (Call 12/11/28)	$	3,527	$	3,361,993
4.50%, 09/19/28 (Call 06/19/28)		1,398		1,340,759
Legg Mason Inc.
4.75%, 03/15/26		1,723		1,710,891
5.63%, 01/15/44		2,133		2,137,052
LPL Holdings Inc., 6.75%, 11/17/28 (Call 10/17/28)		515		537,333
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		4,140		3,434,483
2.00%, 03/03/25 (Call 02/03/25)		3,863		3,743,942
2.00%, 11/18/31 (Call 08/18/31)		4,100		3,363,487
2.95%, 11/21/26 (Call 08/21/26)		3,261		3,110,447
2.95%, 06/01/29 (Call 03/01/29)		6,064		5,567,107
2.95%, 03/15/51 (Call 09/15/50)		4,025		2,787,974
3.30%, 03/26/27 (Call 01/26/27)		4,485		4,297,774
3.35%, 03/26/30 (Call 12/26/29)		7,220		6,666,621
3.50%, 02/26/28 (Call 11/26/27)		3,170		3,043,174
3.65%, 06/01/49 (Call 12/01/48)		3,726		2,962,535
3.80%, 11/21/46 (Call 05/21/46)		2,487		2,053,484
3.85%, 03/26/50 (Call 09/26/49)		5,074		4,189,242
3.95%, 02/26/48 (Call 08/26/47)		2,956		2,498,204
4.85%, 03/09/33 (Call 12/09/32)		2,631		2,627,512
4.88%, 03/09/28 (Call 02/09/28)		3,595		3,635,282
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)(b)		4,326		3,445,118
2.50%, 12/21/40 (Call 06/21/40)		1,845		1,220,862
3.25%, 04/28/50 (Call 10/28/49)		4,408		2,997,293
3.85%, 06/30/26 (Call 03/30/26)		5,381		5,222,205
3.95%, 03/07/52 (Call 09/07/51)		1,280		972,452
5.35%, 06/28/28 (Call 05/28/28)		3,635		3,671,397
5.55%, 02/15/34 (Call 11/15/33)		5,225		5,259,058
5.65%, 06/28/25		3,005		3,014,737
5.95%, 08/15/53 (Call 02/15/53)		999		1,027,293
6.10%, 06/28/63 (Call 12/28/62)		407		422,390
Nomura Holdings Inc.
1.65%, 07/14/26		5,855		5,354,290
1.85%, 07/16/25		5,750		5,459,401
2.17%, 07/14/28		5,027		4,381,873
2.33%, 01/22/27		5,733		5,253,602
2.61%, 07/14/31		4,480		3,680,714
2.68%, 07/16/30		4,090		3,457,032
2.71%, 01/22/29		2,870		2,529,075
3.00%, 01/22/32		3,540		2,948,825
3.10%, 01/16/30		3,830		3,362,380
5.10%, 07/03/25		3,768		3,736,570
5.39%, 07/06/27		2,835		2,828,487
5.61%, 07/06/29		2,500		2,511,030
5.71%, 01/09/26		2,991		2,996,598
5.84%, 01/18/28		2,475		2,508,946
6.07%, 07/12/28		2,820		2,886,997
6.09%, 07/12/33(b)		2,340		2,438,887
6.18%, 01/18/33(b)		2,220		2,325,675
ORIX Corp.
2.25%, 03/09/31(b)		3,000		2,510,337
3.70%, 07/18/27		3,253		3,110,270
4.00%, 04/13/32		2,388		2,219,429
5.00%, 09/13/27		1,913		1,910,977
5.20%, 09/13/32(b)		2,305		2,329,315
Radian Group Inc.
4.88%, 03/15/27 (Call 09/15/26)		3,110		3,020,218
6.20%, 05/15/29 (Call 02/15/29)		1,900		1,904,708

Security	Par (000)		Value
Diversified Financial Services (continued)
6.63%, 03/15/25 (Call 09/15/24)	$	2,315	$	2,318,686
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		3,005		2,225,701
4.65%, 04/01/30 (Call 01/01/30)		2,052		2,027,655
4.95%, 07/15/46		3,009		2,764,118
Stifel Financial Corp., 4.00%, 05/15/30 (Call 02/15/30)		2,077		1,876,803
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		1,436		1,126,200
3.70%, 08/04/26 (Call 05/04/26)		2,567		2,422,414
3.95%, 12/01/27 (Call 09/01/27)		5,237		4,850,650
4.50%, 07/23/25 (Call 04/23/25)		4,897		4,786,072
4.88%, 06/13/25 (Call 05/13/25)		1,970		1,938,453
5.15%, 03/19/29 (Call 12/19/28)		3,122		2,978,222
Visa Inc.
0.75%, 08/15/27 (Call 06/15/27)		3,094		2,716,749
1.10%, 02/15/31 (Call 11/15/30)		6,057		4,786,165
1.90%, 04/15/27 (Call 02/15/27)		6,591		6,068,593
2.00%, 08/15/50 (Call 02/15/50)(b)		7,398		4,300,797
2.05%, 04/15/30 (Call 01/15/30)		9,211		7,900,287
2.70%, 04/15/40 (Call 10/15/39)		4,254		3,147,933
2.75%, 09/15/27 (Call 06/15/27)		3,394		3,178,726
3.15%, 12/14/25 (Call 09/14/25)		17,180		16,663,047
3.65%, 09/15/47 (Call 03/15/47)		3,784		3,011,415
4.15%, 12/14/35 (Call 06/14/35)		8,399		7,872,960
4.30%, 12/14/45 (Call 06/14/45)		13,844		12,339,280
Voya Financial Inc.
3.65%, 06/15/26		2,892		2,780,488
4.70%, 01/23/48 (Call 01/23/28),
(3-mo. LIBOR US + 2.084%)(a)		1,629		1,369,392
4.80%, 06/15/46		1,364		1,158,805
5.70%, 07/15/43		2,343		2,270,212
Western Union Co. (The)
1.35%, 03/15/26 (Call 02/15/26)		2,437		2,243,132
2.75%, 03/15/31 (Call 12/15/30)		2,330		1,920,290
6.20%, 11/17/36		2,267		2,283,421
				934,791,222
Electric — 2.1%
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)		1,225		843,902
3.80%, 10/01/47 (Call 04/01/47)		1,756		1,301,643
3.95%, 06/01/28 (Call 03/01/28)		2,032		1,942,398
4.70%, 05/15/32 (Call 02/15/32)		1,590		1,515,025
5.25%, 05/15/52 (Call 11/15/51)		2,480		2,323,437
5.40%, 06/01/33 (Call 03/01/33)		1,110		1,107,776
Series G, 4.15%, 05/01/49 (Call 11/01/48)		1,681		1,318,235
Series H, 3.45%, 01/15/50 (Call 07/15/49)		2,407		1,678,749
Series I, 2.10%, 07/01/30 (Call 04/01/30)		2,905		2,404,492
AEP Transmission Co. LLC
3.10%, 12/01/26 (Call 09/01/26)		1,973		1,878,310
3.15%, 09/15/49 (Call 03/15/49)		519		354,372
3.75%, 12/01/47 (Call 06/01/47)		2,685		2,057,606
3.80%, 06/15/49 (Call 12/15/48)		1,876		1,430,208
4.00%, 12/01/46 (Call 06/01/46)		1,740		1,409,600
4.25%, 09/15/48 (Call 03/15/48)		1,962		1,617,355
4.50%, 06/15/52 (Call 12/01/51)		1,480		1,284,928
5.40%, 03/15/53 (Call 09/15/52)		1,720		1,697,165
Series M, 3.65%, 04/01/50 (Call 10/01/49)		1,990		1,494,777
Series N, 2.75%, 08/15/51 (Call 02/15/51)		1,504		934,325
AES Corp. (The)
1.38%, 01/15/26 (Call 12/15/25)(b)		4,575		4,227,613

38 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
2.45%, 01/15/31 (Call 10/15/30)	$	4,875	$	3,981,285
5.45%, 06/01/28 (Call 05/01/28)		3,190		3,179,247
Alabama Power Co.
3.00%, 03/15/52 (Call 09/15/51)		2,710		1,800,661
3.05%, 03/15/32 (Call 12/15/31)		460		398,220
3.13%, 07/15/51 (Call 01/15/51)		2,575		1,748,094
3.45%, 10/01/49 (Call 04/01/49)		2,558		1,864,985
3.75%, 09/01/27 (Call 08/01/27)		2,080		1,995,987
3.75%, 03/01/45 (Call 09/01/44)		3,058		2,392,590
3.85%, 12/01/42		1,437		1,161,373
3.94%, 09/01/32 (Call 03/01/32)		2,470		2,275,504
4.15%, 08/15/44 (Call 02/15/44)		2,030		1,688,863
4.30%, 01/02/46 (Call 07/02/45)		1,442		1,216,540
5.85%, 11/15/33 (Call 08/15/33)		875		915,604
6.00%, 03/01/39(b)		554		582,566
6.13%, 05/15/38		1,240		1,295,172
Series 20-A, 1.45%, 09/15/30 (Call 06/15/30)		2,994		2,404,585
Series A, 4.30%, 07/15/48 (Call 01/15/48)		2,351		1,963,306
Series B, 3.70%, 12/01/47 (Call 06/01/47)		1,316		1,000,517
Ameren Corp.
1.75%, 03/15/28 (Call 01/15/28)		1,421		1,248,741
1.95%, 03/15/27 (Call 02/15/27)		2,895		2,643,565
3.50%, 01/15/31 (Call 10/15/30)		2,995		2,698,090
3.65%, 02/15/26 (Call 11/15/25)		2,403		2,324,393
5.00%, 01/15/29 (Call 12/15/28)		2,589		2,567,223
5.70%, 12/01/26 (Call 11/01/26)		2,530		2,559,463
Ameren Illinois Co.
1.55%, 11/15/30 (Call 08/15/30)		1,527		1,224,738
2.90%, 06/15/51 (Call 12/15/50)		1,669		1,085,503
3.25%, 03/01/25 (Call 12/01/24)		560		549,551
3.25%, 03/15/50 (Call 09/15/49)		1,532		1,074,151
3.70%, 12/01/47 (Call 06/01/47)		2,746		2,108,385
3.80%, 05/15/28 (Call 02/15/28)		2,362		2,275,875
3.85%, 09/01/32 (Call 06/01/32)		2,045		1,862,017
4.15%, 03/15/46 (Call 09/15/45)		1,666		1,379,611
4.50%, 03/15/49 (Call 09/15/48)		2,589		2,251,271
4.95%, 06/01/33 (Call 03/01/33)		1,980		1,946,814
5.90%, 12/01/52 (Call 06/01/52)		1,735		1,839,074
American Electric Power Co. Inc.
2.30%, 03/01/30 (Call 12/01/29)		1,431		1,209,768
3.20%, 11/13/27 (Call 08/13/27)		2,408		2,252,992
3.25%, 03/01/50 (Call 09/01/49)		1,097		747,973
3.88%, 02/15/62 (Call 11/15/26),
(5-year CMT + 2.675%)(a)		2,985		2,660,346
5.20%, 01/15/29 (Call 12/15/28)		4,490		4,484,765
5.63%, 03/01/33 (Call 12/01/32)(b)		2,091		2,105,973
5.70%, 08/15/25		915		916,652
5.75%, 11/01/27 (Call 10/01/27)(b)		2,725		2,779,121
5.95%, 11/01/32 (Call 08/01/32)(b)		1,534		1,586,698
Series J, 4.30%, 12/01/28 (Call 09/01/28)		2,795		2,690,182
Series N, 1.00%, 11/01/25 (Call 10/01/25)		957		888,807
Appalachian Power Co.
3.40%, 06/01/25 (Call 03/01/25)		1,311		1,279,226
4.40%, 05/15/44 (Call 11/15/43)		1,244		1,019,464
4.45%, 06/01/45 (Call 12/01/44)		1,778		1,465,068
4.50%, 08/01/32 (Call 05/01/32)		2,630		2,458,928
7.00%, 04/01/38		2,010		2,245,493
Series AA, 2.70%, 04/01/31 (Call 01/01/31)		662		559,186
Series X, 3.30%, 06/01/27 (Call 03/01/27)		2,064		1,939,998
Series Y, 4.50%, 03/01/49 (Call 09/01/48)		2,085		1,685,249

Security	Par (000)		Value
Electric (continued)
Series Z, 3.70%, 05/01/50 (Call 11/01/49)	$	1,800	$	1,287,065
Arizona Public Service Co.
2.20%, 12/15/31 (Call 09/15/31)		1,930		1,551,131
2.60%, 08/15/29 (Call 05/15/29)		2,235		1,968,267
2.65%, 09/15/50 (Call 03/15/50)		1,291		765,254
2.95%, 09/15/27 (Call 06/15/27)		1,044		978,094
3.15%, 05/15/25 (Call 02/15/25)		2,091		2,031,202
3.35%, 05/15/50 (Call 11/15/49)		2,262		1,544,936
3.50%, 12/01/49 (Call 06/01/49)		1,558		1,074,308
3.75%, 05/15/46 (Call 11/15/45)		1,526		1,130,708
4.20%, 08/15/48 (Call 02/15/48)		1,453		1,147,502
4.25%, 03/01/49 (Call 09/01/48)		1,685		1,342,094
4.35%, 11/15/45 (Call 05/15/45)		1,582		1,299,688
4.50%, 04/01/42 (Call 10/01/41)		1,985		1,686,067
5.05%, 09/01/41 (Call 03/01/41)		1,355		1,238,665
5.55%, 08/01/33 (Call 05/01/33)		1,915		1,923,369
6.35%, 12/15/32 (Call 09/15/32)		1,585		1,678,430
Atlantic City Electric Co.
2.30%, 03/15/31 (Call 12/15/30)		1,589		1,311,024
4.00%, 10/15/28 (Call 07/15/28)		1,457		1,402,098
Avangrid Inc.
3.20%, 04/15/25 (Call 03/15/25)		3,705		3,603,999
3.80%, 06/01/29 (Call 03/01/29)(b)		4,068		3,790,169
Avista Corp.
4.00%, 04/01/52 (Call 10/01/51)(b)		1,855		1,416,106
4.35%, 06/01/48 (Call 12/01/47)		1,920		1,581,421
Baltimore Gas & Electric Co.
2.25%, 06/15/31 (Call 03/15/31)		2,815		2,341,919
2.40%, 08/15/26 (Call 05/15/26)		1,313		1,237,337
2.90%, 06/15/50 (Call 12/15/49)		1,705		1,100,249
3.20%, 09/15/49 (Call 03/15/49)		1,900		1,302,247
3.50%, 08/15/46 (Call 02/15/46)		2,480		1,826,933
3.75%, 08/15/47 (Call 02/15/47)		1,649		1,254,599
4.25%, 09/15/48 (Call 03/15/48)		984		820,725
4.55%, 06/01/52 (Call 12/01/51)		2,032		1,757,518
5.40%, 06/01/53 (Call 12/01/52)		1,620		1,586,612
6.35%, 10/01/36		1,070		1,142,952
Berkshire Hathaway Energy Co.
1.65%, 05/15/31 (Call 02/15/31)		3,336		2,637,517
2.85%, 05/15/51 (Call 11/15/50)		6,165		3,925,087
3.25%, 04/15/28 (Call 01/15/28)		3,817		3,576,152
3.70%, 07/15/30 (Call 04/15/30)		4,725		4,370,586
3.80%, 07/15/48 (Call 01/15/48)		2,946		2,231,068
4.05%, 04/15/25 (Call 03/15/25)		3,439		3,390,807
4.25%, 10/15/50 (Call 04/15/50)		3,327		2,681,800
4.45%, 01/15/49 (Call 07/15/48)		4,091		3,434,062
4.50%, 02/01/45 (Call 08/01/44)		2,684		2,363,423
4.60%, 05/01/53 (Call 11/01/52)		4,245		3,635,543
5.15%, 11/15/43 (Call 05/15/43)		2,938		2,818,753
5.95%, 05/15/37		2,448		2,534,546
6.13%, 04/01/36		4,968		5,238,676
Black Hills Corp.
2.50%, 06/15/30 (Call 03/15/30)		1,457		1,209,992
3.05%, 10/15/29 (Call 07/15/29)		2,692		2,387,076
3.15%, 01/15/27 (Call 07/15/26)		2,794		2,635,058
3.88%, 10/15/49 (Call 04/15/49)		1,874		1,352,285
3.95%, 01/15/26 (Call 07/15/25)		2,184		2,121,891
4.20%, 09/15/46 (Call 03/15/46)(b)		950		738,883
4.35%, 05/01/33 (Call 02/01/33)		855		778,564
5.95%, 03/15/28 (Call 02/15/28)(b)		2,710		2,785,812
6.15%, 05/15/34 (Call 02/15/34)(b)		415		426,259

S C H E D U L E O F I N V E S T M E N T S 39

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)	$	1,755	$	1,367,133
3.60%, 03/01/52 (Call 09/01/51)		710		533,363
3.95%, 03/01/48 (Call 09/01/47)		2,638		2,129,799
4.50%, 04/01/44 (Call 10/01/43)		2,703		2,386,611
4.95%, 04/01/33 (Call 01/01/33)		985		970,057
5.15%, 03/01/34 (Call 12/01/33)		1,070		1,068,849
5.20%, 10/01/28 (Call 09/01/28)		1,805		1,820,716
5.30%, 04/01/53 (Call 10/01/52)		270		268,339
Series AA, 3.00%, 02/01/27 (Call 11/01/26)		1,240		1,176,216
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		2,247		1,894,441
Series AD, 2.90%, 07/01/50 (Call 01/01/50)		2,350		1,544,701
Series AE, 2.35%, 04/01/31 (Call 01/01/31)		1,675		1,407,186
Series AF, 3.35%, 04/01/51 (Call 10/01/50)		810		582,207
Series AG, 3.00%, 03/01/32 (Call 12/01/31)		1,035		894,956
Series ai., 4.45%, 10/01/32 (Call 07/01/32)		2,435		2,318,338
Series AJ, 4.85%, 10/01/52 (Call 04/01/52)		1,010		931,346
Series K2, 6.95%, 03/15/33(b)		275		310,192
Series Z, 2.40%, 09/01/26 (Call 06/01/26)		1,968		1,854,556
CenterPoint Energy Inc.
1.45%, 06/01/26 (Call 05/01/26)		2,390		2,198,084
2.65%, 06/01/31 (Call 03/01/31)		1,500		1,259,215
2.95%, 03/01/30 (Call 12/01/29)		3,118		2,753,452
3.70%, 09/01/49 (Call 03/01/49)		2,540		1,850,063
5.25%, 08/10/26		1,410		1,411,235
Cleco Corporate Holdings LLC
3.74%, 05/01/26 (Call 02/01/26)		3,289		3,162,452
4.97%, 05/01/46 (Call 11/01/45)		1,609		1,328,309
Cleveland Electric Illuminating Co. (The),
5.95%, 12/15/36		1,239		1,235,942
CMS Energy Corp.
3.00%, 05/15/26 (Call 02/15/26)		709		674,619
3.45%, 08/15/27 (Call 05/15/27)		2,688		2,545,140
3.75%, 12/01/50 (Call 09/01/30),
(5-year CMT + 2.900%)(a)		1,160		929,642
4.75%, 06/01/50 (Call 03/01/30),
(5-year CMT + 4.116%)(a)		2,735		2,495,540
4.88%, 03/01/44 (Call 09/01/43)		1,475		1,353,106
Commonwealth Edison Co.
2.20%, 03/01/30 (Call 12/01/29)		2,405		2,045,103
2.55%, 06/15/26 (Call 03/15/26)		1,890		1,788,142
3.00%, 03/01/50 (Call 09/01/49)		1,990		1,311,161
3.15%, 03/15/32 (Call 12/15/31)		725		632,384
3.65%, 06/15/46 (Call 12/15/45)		3,214		2,449,246
3.70%, 08/15/28 (Call 05/15/28)		3,615		3,442,782
3.70%, 03/01/45 (Call 09/01/44)		1,770		1,378,979
3.80%, 10/01/42 (Call 04/01/42)		1,044		836,480
4.00%, 03/01/48 (Call 09/01/47)		3,480		2,780,689
4.00%, 03/01/49 (Call 09/01/48)		1,966		1,560,009
4.35%, 11/15/45 (Call 05/15/45)		2,211		1,880,504
4.60%, 08/15/43 (Call 02/15/43)		1,235		1,109,736
4.70%, 01/15/44 (Call 07/15/43)		1,295		1,161,780
4.90%, 02/01/33 (Call 11/01/32)		965		947,892
5.30%, 02/01/53 (Call 08/01/52)		1,840		1,783,668
5.90%, 03/15/36		1,434		1,499,705
6.45%, 01/15/38		2,092		2,270,335
Series 122, 2.95%, 08/15/27 (Call 05/15/27)		2,697		2,525,876
Series 123, 3.75%, 08/15/47 (Call 02/15/47)		3,080		2,351,477

Security	Par (000)		Value
Electric (continued)
Series 127, 3.20%, 11/15/49 (Call 05/15/49)	$	1,748	$	1,197,698
Series 130, 3.13%, 03/15/51 (Call 09/15/50)		3,130		2,094,383
Series 131, 2.75%, 09/01/51 (Call 03/01/51)		1,070		657,250
Series 133, 3.85%, 03/15/52 (Call 09/15/51)		1,330		1,022,960
Connecticut Light & Power Co. (The)
4.00%, 04/01/48 (Call 10/01/47)		3,521		2,856,304
4.30%, 04/15/44 (Call 10/15/43)		2,330		1,984,346
4.90%, 07/01/33 (Call 04/01/33)		1,195		1,167,151
5.25%, 01/15/53 (Call 07/15/52)		2,300		2,227,769
Series A, 0.75%, 12/01/25 (Call 11/01/25)		765		709,326
Series A, 2.05%, 07/01/31 (Call 04/01/31)		2,475		2,011,132
Series A, 3.20%, 03/15/27 (Call 12/15/26)		2,678		2,544,379
Series A, 4.15%, 06/01/45 (Call 12/01/44)		365		307,942
Connecticut Light and Power Co. (The),
4.65%, 01/01/29 (Call 12/01/28)		1,325		1,302,631
Consolidated Edison Co. of New York Inc.
2.40%, 06/15/31 (Call 03/15/31)		3,715		3,128,568
3.20%, 12/01/51 (Call 06/01/51)		860		582,250
3.60%, 06/15/61 (Call 12/15/60)		3,468		2,485,543
3.70%, 11/15/59 (Call 05/15/59)		2,798		1,991,515
3.80%, 05/15/28 (Call 02/15/28)		3,396		3,243,096
3.85%, 06/15/46 (Call 12/15/45)		2,864		2,248,279
3.95%, 03/01/43 (Call 09/01/42)		1,751		1,433,488
4.45%, 03/15/44 (Call 09/15/43)		3,378		2,926,270
4.50%, 12/01/45 (Call 06/01/45)		2,627		2,272,243
4.50%, 05/15/58 (Call 11/15/57)		2,904		2,437,406
4.63%, 12/01/54 (Call 06/01/54)		2,377		2,041,313
5.20%, 03/01/33 (Call 12/01/32)(b)		2,000		2,017,552
5.50%, 03/15/34 (Call 12/15/33)		2,531		2,586,557
5.70%, 06/15/40		1,987		1,998,572
5.90%, 11/15/53 (Call 05/15/53)		2,410		2,529,089
6.15%, 11/15/52 (Call 05/15/52)		3,100		3,359,066
Series 05-A, 5.30%, 03/01/35		1,140		1,132,401
Series 06-A, 5.85%, 03/15/36		2,467		2,537,004
Series 06-B, 6.20%, 06/15/36		1,012		1,074,355
Series 07-A, 6.30%, 08/15/37		893		952,490
Series 08-B, 6.75%, 04/01/38		2,033		2,265,835
Series 09-C, 5.50%, 12/01/39		2,491		2,481,474
Series 12-A, 4.20%, 03/15/42		1,843		1,535,826
Series 2017, 3.88%, 06/15/47 (Call 12/15/46)		2,332		1,805,393
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)		2,984		2,728,026
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)		4,289		3,433,919
Series A, 4.13%, 05/15/49 (Call 11/15/48)		2,907		2,335,816
Series B, 3.13%, 11/15/27 (Call 08/15/27)		793		744,970
Series C, 3.00%, 12/01/60 (Call 06/01/60)		1,948		1,181,641
Series C, 4.00%, 11/15/57 (Call 05/15/57)(b)		1,395		1,079,318
Series C, 4.30%, 12/01/56 (Call 06/01/56)		2,169		1,772,547
Series D, 4.00%, 12/01/28 (Call 09/01/28)		2,077		2,003,033
Series E, 4.65%, 12/01/48 (Call 06/01/48)		2,874		2,507,903
Constellation Energy Generation LLC
3.25%, 06/01/25 (Call 05/01/25)		4,512		4,383,565
5.60%, 03/01/28 (Call 02/01/28)		2,200		2,228,567
5.60%, 06/15/42 (Call 12/15/41)		3,213		3,131,296

40 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.75%, 10/01/41 (Call 04/01/41)	$	3,876	$	3,797,940
5.80%, 03/01/33 (Call 12/01/32)		2,550		2,605,824
6.13%, 01/15/34 (Call 10/15/33)		2,035		2,124,870
6.25%, 10/01/39		1,162		1,198,752
6.50%, 10/01/53 (Call 04/01/53)		1,790		1,965,840
Consumers Energy Co.
2.50%, 05/01/60 (Call 11/01/59)		2,405		1,334,483
2.65%, 08/15/52 (Call 02/15/52)(b)		287		178,052
3.10%, 08/15/50 (Call 02/15/50)		3,270		2,250,895
3.25%, 08/15/46 (Call 02/15/46)		1,938		1,418,744
3.50%, 08/01/51 (Call 02/01/51)		2,606		1,939,345
3.60%, 08/15/32 (Call 02/15/32)		1,140		1,028,021
3.75%, 02/15/50 (Call 08/15/49)		1,621		1,267,254
3.80%, 11/15/28 (Call 08/15/28)		886		847,166
3.95%, 05/15/43 (Call 11/15/42)		1,121		935,926
3.95%, 07/15/47 (Call 01/15/47)		1,473		1,196,414
4.05%, 05/15/48 (Call 11/15/47)		2,302		1,914,359
4.20%, 09/01/52 (Call 03/01/52)		2,070		1,717,236
4.35%, 04/15/49 (Call 10/15/48)		2,511		2,169,016
4.60%, 05/30/29 (Call 03/30/29)		2,400		2,358,828
4.63%, 05/15/33 (Call 11/15/32)		1,900		1,836,915
4.65%, 03/01/28 (Call 01/01/28)		2,845		2,826,008
4.90%, 02/15/29 (Call 12/15/28)		2,860		2,853,847
Dayton Power & Light Co. (The), 3.95%, 06/15/49 (Call 12/15/48)		2,390		1,762,727
Delmarva Power & Light Co., 4.15%, 05/15/45 (Call 11/15/44)		1,759		1,410,973
Dominion Energy Inc.
3.90%, 10/01/25 (Call 07/01/25)		2,163		2,112,507
4.25%, 06/01/28 (Call 03/01/28)		2,952		2,848,477
4.35%, 08/15/32 (Call 05/15/32)		1,520		1,414,910
4.70%, 12/01/44 (Call 06/01/44)		1,840		1,582,767
4.85%, 08/15/52 (Call 02/15/52)		2,015		1,761,284
5.38%, 11/15/32 (Call 08/15/32)		2,700		2,684,577
7.00%, 06/15/38		915		995,754
Series A, 1.45%, 04/15/26 (Call 03/15/26)		2,845		2,626,388
Series A, 3.30%, 03/15/25 (Call 02/15/25)		1,670		1,631,999
Series A, 4.60%, 03/15/49 (Call 09/15/48)		1,325		1,117,000
Series B, 3.30%, 04/15/41 (Call 10/15/40)		2,225		1,634,095
Series B, 3.60%, 03/15/27 (Call 01/15/27)		1,775		1,695,337
Series B, 5.95%, 06/15/35		2,167		2,205,773
Series C, 2.25%, 08/15/31 (Call 05/15/31)		2,433		1,967,740
Series C, 3.38%, 04/01/30 (Call 01/01/30)		5,839		5,257,853
Series C, 4.05%, 09/15/42 (Call 03/15/42)		1,675		1,325,870
Series C, 4.90%, 08/01/41 (Call 02/01/41)		2,320		2,077,273
Series D, 2.85%, 08/15/26 (Call 05/15/26)		2,038		1,921,865
Series E, 6.30%, 03/15/33		1,425		1,488,852
Series F, 5.25%, 08/01/33		2,520		2,473,624
Dominion Energy South Carolina Inc.
4.60%, 06/15/43 (Call 12/15/42)		1,655		1,461,111
5.10%, 06/01/65 (Call 12/01/64)		1,930		1,776,959
5.30%, 05/15/33		1,670		1,678,813
5.45%, 02/01/41 (Call 08/01/40)		965		951,622
6.05%, 01/15/38		1,855		1,960,359
6.25%, 10/15/53 (Call 04/15/53)		2,020		2,229,567
6.63%, 02/01/32		375		416,769
Series A, 2.30%, 12/01/31 (Call 09/01/31)		2,570		2,108,222
DTE Electric Co.
2.25%, 03/01/30 (Call 12/01/29)		2,637		2,263,307
2.95%, 03/01/50 (Call 09/01/49)		1,920		1,271,087
3.38%, 03/01/25 (Call 12/01/24)		1,232		1,208,965

Security	Par (000)		Value
Electric (continued)
3.70%, 03/15/45 (Call 09/15/44)(b)	$	2,710	$	2,136,817
3.70%, 06/01/46 (Call 12/01/45)		1,590		1,226,090
3.75%, 08/15/47 (Call 02/15/47)		2,017		1,555,851
3.95%, 03/01/49 (Call 09/01/48)		2,484		2,001,713
4.30%, 07/01/44 (Call 01/01/44)		1,646		1,413,003
4.85%, 12/01/26		590		588,911
5.20%, 04/01/33 (Call 01/01/33)		2,685		2,702,104
5.20%, 03/01/34 (Call 12/01/33)		1,935		1,927,837
5.40%, 04/01/53 (Call 10/01/52)		2,185		2,166,809
Series A, 1.90%, 04/01/28 (Call 02/01/28)		2,865		2,550,728
Series A, 3.00%, 03/01/32 (Call 12/01/31)		2,205		1,902,219
Series A, 4.00%, 04/01/43 (Call 10/01/42)		937		777,859
Series A, 4.05%, 05/15/48 (Call 11/15/47)		2,166		1,757,628
Series B, 3.25%, 04/01/51 (Call 10/01/50)		2,176		1,507,364
Series B, 3.65%, 03/01/52 (Call 09/01/51)		1,085		810,390
Series C, 2.63%, 03/01/31 (Call 12/01/30)		2,500		2,147,153
DTE Energy Co.
2.85%, 10/01/26 (Call 07/01/26)		3,870		3,646,859
2.95%, 03/01/30 (Call 12/01/29)		1,758		1,539,985
4.88%, 06/01/28 (Call 05/01/28)		5,425		5,352,983
5.10%, 03/01/29 (Call 02/01/29)		3,050		3,026,314
Series C, 3.40%, 06/15/29 (Call 03/15/29)		2,445		2,237,525
Series F, 1.05%, 06/01/25 (Call 05/01/25)		4,540		4,300,536
Duke Energy Carolinas LLC
2.45%, 08/15/29 (Call 05/15/29)		1,994		1,758,583
2.45%, 02/01/30 (Call 11/01/29)		2,335		2,041,661
2.55%, 04/15/31 (Call 01/15/31)		3,038		2,603,258
2.85%, 03/15/32 (Call 12/15/31)		3,040		2,579,612
2.95%, 12/01/26 (Call 09/01/26)		2,277		2,168,228
3.20%, 08/15/49 (Call 02/15/49)		2,325		1,607,612
3.45%, 04/15/51 (Call 10/15/50)		2,265		1,609,349
3.55%, 03/15/52 (Call 09/15/51)		1,990		1,424,184
3.70%, 12/01/47 (Call 06/01/47)		2,907		2,165,796
3.75%, 06/01/45 (Call 12/01/44)		2,384		1,838,721
3.88%, 03/15/46 (Call 09/15/45)		2,770		2,166,464
3.95%, 11/15/28 (Call 08/15/28)		2,751		2,647,284
3.95%, 03/15/48 (Call 09/15/47)		2,575		2,028,806
4.00%, 09/30/42 (Call 03/30/42)		1,584		1,291,186
4.25%, 12/15/41 (Call 06/15/41)		1,109		936,839
4.85%, 01/15/34 (Call 10/15/33)		1,835		1,781,977
4.95%, 01/15/33 (Call 10/15/32)		2,360		2,322,121
5.30%, 02/15/40		3,085		3,021,913
5.35%, 01/15/53 (Call 07/15/52)		1,645		1,602,418
5.40%, 01/15/54 (Call 07/15/53)		4,059		3,965,794
6.00%, 01/15/38		1,062		1,114,806
6.05%, 04/15/38		1,885		1,977,161
6.10%, 06/01/37		1,940		2,031,900
6.45%, 10/15/32		1,520		1,647,335
Series A, 6.00%, 12/01/28		1,634		1,705,348
Duke Energy Corp.
0.90%, 09/15/25 (Call 08/15/25)		3,948		3,693,662
2.45%, 06/01/30 (Call 03/01/30)		2,640		2,258,123
2.55%, 06/15/31 (Call 03/15/31)		1,820		1,516,437
2.65%, 09/01/26 (Call 06/01/26)		2,504		2,356,670
3.15%, 08/15/27 (Call 05/15/27)		3,863		3,617,857
3.25%, 01/15/82 (Call 01/15/27),
(5-year CMT + 2.321%)(a)(b)		2,037		1,726,652
3.30%, 06/15/41 (Call 12/15/40)		3,618		2,660,579
3.40%, 06/15/29 (Call 03/15/29)		2,287		2,105,814
3.50%, 06/15/51 (Call 12/15/50)		2,235		1,541,488
3.75%, 09/01/46 (Call 03/01/46)		4,812		3,578,493

S C H E D U L E O F I N V E S T M E N T S 41

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.95%, 08/15/47 (Call 02/15/47)	$	2,560	$	1,943,076
4.20%, 06/15/49 (Call 12/15/48)		2,660		2,097,108
4.30%, 03/15/28 (Call 02/15/28)		3,920		3,806,440
4.50%, 08/15/32 (Call 05/15/32)		5,065		4,751,658
4.80%, 12/15/45 (Call 06/15/45)		2,884		2,525,597
4.85%, 01/05/27		1,555		1,543,947
4.85%, 01/05/29 (Call 12/05/28)		1,715		1,687,238
5.00%, 12/08/25		1,540		1,534,028
5.00%, 12/08/27 (Call 11/08/27)		2,945		2,927,738
5.00%, 08/15/52 (Call 02/15/52)		3,985		3,553,290
5.75%, 09/15/33 (Call 06/15/33)		2,960		3,013,611
6.10%, 09/15/53 (Call 03/15/53)		3,060		3,183,437
Duke Energy Florida LLC
1.75%, 06/15/30 (Call 03/15/30)		2,520		2,078,648
2.40%, 12/15/31 (Call 09/15/31)		2,905		2,401,833
2.50%, 12/01/29 (Call 09/01/29)		2,833		2,489,530
3.00%, 12/15/51 (Call 06/15/51)		2,752		1,777,747
3.20%, 01/15/27 (Call 10/15/26)		4,032		3,849,283
3.40%, 10/01/46 (Call 04/01/46)		3,093		2,224,315
3.80%, 07/15/28 (Call 04/15/28)		2,720		2,609,411
3.85%, 11/15/42 (Call 05/15/42)		2,101		1,670,288
4.20%, 07/15/48 (Call 01/15/48)		2,115		1,735,577
5.65%, 04/01/40		2,031		2,043,954
5.88%, 11/15/33 (Call 08/15/33)		1,915		2,004,477
5.95%, 11/15/52 (Call 05/15/52)		1,395		1,464,453
6.20%, 11/15/53 (Call 05/15/53)		1,620		1,754,597
6.35%, 09/15/37		1,481		1,584,009
6.40%, 06/15/38		4,305		4,639,500
Duke Energy Florida Project Finance LLC
Series 2032, 2.86%, 03/01/33(b)		705		606,584
Series 2035, 3.11%, 09/01/38(b)		1,015		836,106
Duke Energy Indiana LLC
2.75%, 04/01/50 (Call 10/01/49)		3,020		1,874,626
3.75%, 05/15/46 (Call 11/15/45)		1,484		1,135,708
5.25%, 03/01/34 (Call 12/01/33)		1,150		1,147,215
5.40%, 04/01/53 (Call 10/01/52)		2,200		2,118,667
6.12%, 10/15/35		1,119		1,163,072
6.35%, 08/15/38		1,193		1,277,521
6.45%, 04/01/39		2,073		2,254,083
Series WWW, 4.90%, 07/15/43
(Call 01/15/43)		1,319		1,204,792
Series YYY, 3.25%, 10/01/49
(Call 04/01/49)		2,590		1,792,992
Duke Energy Ohio Inc.
2.13%, 06/01/30 (Call 03/01/30)(b)		1,978		1,661,169
3.65%, 02/01/29 (Call 11/01/28)		2,071		1,955,801
3.70%, 06/15/46 (Call 12/15/45)		1,767		1,328,173
4.30%, 02/01/49 (Call 08/01/48)		1,977		1,615,858
5.25%, 04/01/33 (Call 01/01/33)(b)		1,970		1,970,754
5.65%, 04/01/53 (Call 10/01/52)		755		762,264
Duke Energy Progress LLC
2.00%, 08/15/31 (Call 05/15/31)		2,825		2,282,180
2.50%, 08/15/50 (Call 02/15/50)		2,795		1,653,960
2.90%, 08/15/51 (Call 02/15/51)		1,849		1,187,936
3.25%, 08/15/25 (Call 05/15/25)		2,182		2,127,459
3.40%, 04/01/32 (Call 01/01/32)		2,380		2,103,694
3.45%, 03/15/29 (Call 12/15/28)		2,762		2,584,306
3.60%, 09/15/47 (Call 03/15/47)		2,736		2,026,780
3.70%, 09/01/28 (Call 06/01/28)		2,311		2,202,174
3.70%, 10/15/46 (Call 04/15/46)		2,504		1,892,466
4.00%, 04/01/52 (Call 10/01/51)		1,170		922,124

Security	Par (000)		Value
Electric (continued)
4.10%, 05/15/42 (Call 11/15/41)	$	970	$	804,059
4.10%, 03/15/43 (Call 09/15/42)		1,619		1,328,058
4.15%, 12/01/44 (Call 06/01/44)		2,689		2,204,083
4.20%, 08/15/45 (Call 02/15/45)		1,504		1,236,427
4.38%, 03/30/44 (Call 09/30/43)		1,767		1,509,145
5.25%, 03/15/33 (Call 12/15/32)		1,915		1,911,834
5.35%, 03/15/53 (Call 09/15/52)		1,880		1,814,667
6.30%, 04/01/38		2,005		2,153,215
Edison International
4.13%, 03/15/28 (Call 12/15/27)		2,685		2,561,547
4.70%, 08/15/25		1,665		1,642,162
4.95%, 04/15/25 (Call 03/15/25)		1,823		1,807,121
5.25%, 11/15/28 (Call 10/15/28)		1,685		1,676,140
5.75%, 06/15/27 (Call 04/15/27)		3,418		3,450,354
6.95%, 11/15/29 (Call 09/15/29)		2,555		2,723,170
El Paso Electric Co.
5.00%, 12/01/44 (Call 06/01/44)(b)		1,291		1,095,914
6.00%, 05/15/35		619		620,754
Emera U.S. Finance LP
2.64%, 06/15/31 (Call 03/15/31)		2,010		1,618,015
3.55%, 06/15/26 (Call 03/15/26)		3,995		3,828,329
4.75%, 06/15/46 (Call 12/15/45)		4,801		3,904,219
Enel Americas SA, 4.00%, 10/25/26
(Call 07/25/26)		3,418		3,283,401
Enel Chile SA, 4.88%, 06/12/28
(Call 03/12/28)		3,842		3,737,447
Entergy Arkansas LLC
2.65%, 06/15/51 (Call 12/15/50)		1,953		1,170,581
3.35%, 06/15/52 (Call 12/15/51)		1,740		1,194,773
3.50%, 04/01/26 (Call 01/01/26)		3,263		3,164,403
4.00%, 06/01/28 (Call 03/01/28)		1,310		1,258,544
4.20%, 04/01/49 (Call 10/01/48)		2,694		2,198,000
5.15%, 01/15/33 (Call 10/15/32)		1,865		1,862,238
5.30%, 09/15/33 (Call 06/15/33)(b)		1,445		1,448,196
Entergy Corp.
0.90%, 09/15/25 (Call 08/15/25)		2,478		2,317,269
1.90%, 06/15/28 (Call 04/15/28)		2,420		2,126,364
2.40%, 06/15/31 (Call 03/05/31)		2,910		2,395,568
2.80%, 06/15/30 (Call 03/15/30)		2,842		2,457,462
2.95%, 09/01/26 (Call 06/01/26)		3,552		3,369,511
3.75%, 06/15/50 (Call 12/15/49)		2,764		1,993,215
Entergy Louisiana LLC
1.60%, 12/15/30 (Call 09/15/30)		1,653		1,310,103
2.35%, 06/15/32 (Call 03/15/32)		1,540		1,245,324
2.40%, 10/01/26 (Call 07/01/26)		2,166		2,022,508
2.90%, 03/15/51 (Call 09/15/50)		3,235		2,029,533
3.05%, 06/01/31 (Call 03/01/31)		1,525		1,330,012
3.10%, 06/15/41 (Call 12/15/40)		276		202,849
3.12%, 09/01/27 (Call 06/01/27)		2,285		2,149,835
3.25%, 04/01/28 (Call 01/01/28)		3,489		3,270,054
4.00%, 03/15/33 (Call 12/15/32)		2,742		2,491,292
4.20%, 09/01/48 (Call 03/01/48)		3,946		3,201,134
4.20%, 04/01/50 (Call 10/01/49)		2,551		2,068,987
4.75%, 09/15/52 (Call 03/15/52)		2,180		1,910,889
4.95%, 01/15/45 (Call 01/15/25)		2,865		2,616,626
Entergy Mississippi LLC
2.85%, 06/01/28 (Call 03/01/28)		2,833		2,589,851
3.50%, 06/01/51 (Call 03/01/51)		995		704,018
3.85%, 06/01/49 (Call 12/01/48)		629		479,730
5.00%, 09/01/33 (Call 06/01/33)		910		890,547

42 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Entergy Texas Inc.
1.75%, 03/15/31 (Call 12/15/30)	$	2,285	$	1,829,005
3.55%, 09/30/49 (Call 03/30/49)		2,465		1,777,266
4.00%, 03/30/29 (Call 12/30/28)		772		736,786
4.50%, 03/30/39 (Call 09/30/38)		175		155,275
5.00%, 09/15/52 (Call 03/15/52)(b)		1,710		1,557,217
5.80%, 09/01/53 (Call 03/01/53)(b)		1,300		1,337,519
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29)		4,025		3,567,129
Evergy Kansas Central Inc.
2.55%, 07/01/26 (Call 04/01/26)		1,960		1,848,708
3.10%, 04/01/27 (Call 01/01/27)		2,295		2,167,662
3.25%, 09/01/49 (Call 03/01/49)		1,573		1,076,256
3.45%, 04/15/50 (Call 10/15/49)		1,435		1,008,869
4.10%, 04/01/43 (Call 10/01/42)		1,920		1,565,473
4.13%, 03/01/42 (Call 09/01/41)		2,072		1,720,225
4.25%, 12/01/45 (Call 06/01/45)		1,039		850,945
5.70%, 03/15/53 (Call 09/15/52)		1,215		1,212,539
5.90%, 11/15/33 (Call 08/15/33)		1,425		1,480,690
Evergy Metro Inc.
3.65%, 08/15/25 (Call 05/15/25)(b)		1,625		1,585,351
4.20%, 06/15/47 (Call 12/15/46)		1,835		1,473,311
4.20%, 03/15/48 (Call 09/15/47)		1,144		930,721
4.95%, 04/15/33 (Call 01/15/33)		1,525		1,490,991
5.30%, 10/01/41 (Call 04/01/41)		1,831		1,750,859
Series 2019, 4.13%, 04/01/49 (Call 10/01/48)		1,733		1,370,910
Series 2020, 2.25%, 06/01/30 (Call 03/01/30)		2,183		1,844,670
Eversource Energy
2.55%, 03/15/31 (Call 12/15/30)		1,870		1,543,507
2.90%, 03/01/27 (Call 02/01/27)		2,990		2,797,618
3.38%, 03/01/32 (Call 12/01/31)		2,306		1,979,491
3.45%, 01/15/50 (Call 07/15/49)		3,045		2,073,621
4.60%, 07/01/27 (Call 06/01/27)		3,598		3,518,416
4.75%, 05/15/26		1,575		1,554,992
5.00%, 01/01/27		2,130		2,115,419
5.13%, 05/15/33 (Call 02/15/33)		2,460		2,376,444
5.45%, 03/01/28 (Call 02/01/28)		4,950		4,977,081
5.50%, 01/01/34 (Call 10/01/33)		3,925		3,884,439
5.95%, 02/01/29 (Call 01/01/29)		4,040		4,137,631
Series M, 3.30%, 01/15/28 (Call 10/15/27)		1,146		1,067,339
Series O, 4.25%, 04/01/29 (Call 01/01/29)		2,741		2,611,166
Series Q, 0.80%, 08/15/25 (Call 07/15/25)		2,412		2,251,407
Series R, 1.65%, 08/15/30 (Call 05/15/30)		2,721		2,165,108
Series U, 1.40%, 08/15/26 (Call 07/15/26)(b)		1,795		1,629,948
Exelon Corp.
2.75%, 03/15/27 (Call 02/15/27)		2,405		2,237,912
3.35%, 03/15/32 (Call 12/15/31)		785		684,455
3.40%, 04/15/26 (Call 01/15/26)		4,607		4,435,737
3.95%, 06/15/25 (Call 03/15/25)		3,998		3,924,204
4.05%, 04/15/30 (Call 01/15/30)		5,715		5,360,300
4.10%, 03/15/52 (Call 09/15/51)		2,445		1,896,461
4.45%, 04/15/46 (Call 10/15/45)		2,803		2,346,198
4.70%, 04/15/50 (Call 10/15/49)		3,422		2,955,276
4.95%, 06/15/35 (Call 12/15/34)		944		881,941
5.10%, 06/15/45 (Call 12/15/44)		2,505		2,279,152
5.15%, 03/15/28 (Call 02/15/28)		1,780		1,776,184
5.15%, 03/15/29 (Call 02/15/29)		785		781,249
5.30%, 03/15/33 (Call 12/15/32)		3,045		3,015,604
5.45%, 03/15/34 (Call 12/15/33)		1,610		1,602,953

Security	Par (000)		Value
Electric (continued)
5.60%, 03/15/53 (Call 09/15/52)	$	3,835	$	3,739,466
5.63%, 06/15/35		3,019		2,997,598
Florida Power & Light Co.
2.45%, 02/03/32 (Call 11/03/31)		3,843		3,213,682
2.85%, 04/01/25 (Call 03/01/25)		7,829		7,632,804
2.88%, 12/04/51 (Call 06/04/51)		5,262		3,417,092
3.13%, 12/01/25 (Call 06/01/25)		4,045		3,920,648
3.15%, 10/01/49 (Call 04/01/49)		1,409		971,487
3.70%, 12/01/47 (Call 06/01/47)		2,287		1,777,745
3.80%, 12/15/42 (Call 06/15/42)		2,106		1,713,977
3.95%, 03/01/48 (Call 09/01/47)		4,212		3,409,119
3.99%, 03/01/49 (Call 09/01/48)		2,755		2,228,912
4.05%, 06/01/42 (Call 12/01/41)		2,640		2,236,857
4.05%, 10/01/44 (Call 04/01/44)		2,418		2,035,552
4.13%, 02/01/42 (Call 08/01/41)		2,503		2,145,974
4.13%, 06/01/48 (Call 12/01/47)		2,361		1,960,857
4.40%, 05/15/28 (Call 03/15/28)		1,845		1,812,680
4.45%, 05/15/26 (Call 04/15/26)		1,145		1,133,239
4.63%, 05/15/30 (Call 03/15/30)		2,590		2,548,861
4.80%, 05/15/33 (Call 02/15/33)		1,745		1,706,474
4.95%, 06/01/35		774		761,430
5.05%, 04/01/28 (Call 03/01/28)		2,340		2,356,981
5.10%, 04/01/33 (Call 01/01/33)		2,980		2,968,987
5.25%, 02/01/41 (Call 08/01/40)		2,089		2,060,692
5.30%, 04/01/53 (Call 10/01/52)		2,545		2,512,916
5.63%, 04/01/34		1,145		1,196,887
5.65%, 02/01/37		1,475		1,522,721
5.69%, 03/01/40		2,458		2,518,430
5.95%, 02/01/38		1,913		2,034,333
5.96%, 04/01/39		765		820,284
Series A, 3.30%, 05/30/27 (Call 02/28/27)		3,066		2,902,982
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26)		5,715		5,395,359
Georgia Power Co.
3.25%, 04/01/26 (Call 01/01/26)		894		858,534
3.25%, 03/30/27 (Call 12/30/26)		2,440		2,310,934
4.30%, 03/15/42		4,953		4,227,592
4.30%, 03/15/43		2,087		1,752,748
4.65%, 05/16/28 (Call 03/16/28)		4,480		4,413,102
4.70%, 05/15/32 (Call 02/15/32)		1,520		1,469,179
4.95%, 05/17/33 (Call 11/17/32)		4,620		4,513,867
5.00%, 02/23/27 (Call 01/23/27)		735		733,541
5.13%, 05/15/52 (Call 11/15/51)		3,320		3,151,090
5.25%, 03/15/34 (Call 09/15/33)		1,925		1,918,697
Series 10-C, 4.75%, 09/01/40		2,324		2,109,808
Series A, 3.25%, 03/15/51 (Call 09/15/50)		1,845		1,264,652
Series B, 2.65%, 09/15/29 (Call 06/15/29)		3,552		3,142,302
Series B, 3.70%, 01/30/50 (Call 07/30/49)		2,823		2,137,378
Iberdrola International BV
5.81%, 03/15/25		3,705		3,705,079
6.75%, 07/15/36		1,502		1,681,776
Idaho Power Co.
5.50%, 03/15/53 (Call 09/15/52)		1,070		1,052,269
5.80%, 04/01/54 (Call 10/01/53)(b)		740		753,407
Series K, 4.20%, 03/01/48 (Call 09/01/47)		1,281		1,031,539
Indiana Michigan Power Co.
3.25%, 05/01/51 (Call 11/01/50)		2,290		1,551,481
3.85%, 05/15/28 (Call 02/15/28)		1,984		1,893,600
4.25%, 08/15/48 (Call 02/15/48)		1,815		1,469,108
5.63%, 04/01/53 (Call 10/01/52)		1,410		1,411,349
6.05%, 03/15/37		425		440,852

S C H E D U L E O F I N V E S T M E N T S 43

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Series K, 4.55%, 03/15/46 (Call 09/15/45)	$	2,158	$	1,840,536
Series L, 3.75%, 07/01/47 (Call 01/01/47)		1,088		808,160
Interstate Power & Light Co.
2.30%, 06/01/30 (Call 03/01/30)		1,102		928,566
3.10%, 11/30/51 (Call 05/30/51)		1,455		932,721
3.50%, 09/30/49 (Call 03/30/49)		1,539		1,090,837
3.60%, 04/01/29 (Call 01/01/29)		1,117		1,038,904
3.70%, 09/15/46 (Call 03/15/46)		1,223		909,256
4.10%, 09/26/28 (Call 06/26/28)		3,356		3,215,269
5.70%, 10/15/33 (Call 07/15/33)		1,690		1,720,626
6.25%, 07/15/39		1,010		1,053,346
IPALCO Enterprises Inc., 4.25%, 05/01/30
(Call 02/01/30)		3,055		2,812,238
ITC Holdings Corp.
3.25%, 06/30/26 (Call 03/30/26)		2,410		2,301,738
3.35%, 11/15/27 (Call 08/15/27)		1,635		1,533,624
5.30%, 07/01/43 (Call 01/01/43)		1,636		1,531,255
John Sevier Combined Cycle Generation LLC,
4.63%, 01/15/42		356		332,152
Kentucky Utilities Co.
3.30%, 06/01/50 (Call 12/01/49)		2,740		1,893,891
4.38%, 10/01/45 (Call 04/01/45)		2,236		1,876,932
5.13%, 11/01/40 (Call 05/01/40)		3,414		3,241,055
5.45%, 04/15/33 (Call 01/15/33)		1,220		1,230,819
Louisville Gas & Electric Co.
4.25%, 04/01/49 (Call 10/01/48)		925		753,889
5.45%, 04/15/33 (Call 01/15/33)		1,400		1,412,984
Series 25, 3.30%, 10/01/25 (Call 07/01/25)		1,257		1,220,877
MidAmerican Energy Co.
2.70%, 08/01/52 (Call 02/01/52)		3,020		1,849,833
3.10%, 05/01/27 (Call 02/01/27)		3,480		3,292,264
3.15%, 04/15/50 (Call 10/15/49)(b)		3,072		2,099,760
3.65%, 04/15/29 (Call 01/15/29)		5,010		4,726,379
3.65%, 08/01/48 (Call 02/01/48)		3,383		2,573,304
3.95%, 08/01/47 (Call 02/01/47)		2,578		2,062,821
4.25%, 05/01/46 (Call 11/01/45)		1,675		1,404,326
4.25%, 07/15/49 (Call 01/15/49)		4,199		3,527,808
4.40%, 10/15/44 (Call 04/15/44)		2,282		1,953,768
4.80%, 09/15/43 (Call 03/15/43)		1,102		1,007,691
5.30%, 02/01/55 (Call 08/01/54)		680		662,395
5.35%, 01/15/34 (Call 10/15/33)		1,685		1,717,138
5.75%, 11/01/35		550		569,957
5.80%, 10/15/36		1,894		1,957,114
5.85%, 09/15/54 (Call 03/15/54)		715		754,378
6.75%, 12/30/31		1,155		1,295,317
Mississippi Power Co.
3.95%, 03/30/28 (Call 12/30/27)		3,900		3,741,056
Series 12-A, 4.25%, 03/15/42		2,356		1,963,910
Series B, 3.10%, 07/30/51
(Call 01/30/51)(b)		1,638		1,064,264
National Grid PLC
5.42%, 01/11/34 (Call 10/11/33)(b)		1,950		1,901,527
5.60%, 06/12/28 (Call 05/12/28)		260		263,275
5.81%, 06/12/33 (Call 03/12/33)		1,467		1,482,437
National Grid USA, 5.80%, 04/01/35		1,672		1,648,615
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26 (Call 05/15/26)		2,632		2,402,025
1.35%, 03/15/31 (Call 12/15/30)		2,169		1,683,767
1.65%, 06/15/31 (Call 03/15/31)		1,635		1,293,239
2.40%, 03/15/30 (Call 12/15/29)		2,705		2,328,578

Security	Par (000)		Value
Electric (continued)
2.75%, 04/15/32 (Call 01/15/32)	$	2,200	$	1,849,784
3.05%, 04/25/27 (Call 01/25/27)		2,321		2,199,324
3.25%, 11/01/25 (Call 08/01/25)		2,135		2,069,200
3.40%, 02/07/28 (Call 11/07/27)		2,800		2,644,869
3.45%, 06/15/25		1,575		1,539,014
3.70%, 03/15/29 (Call 12/15/28)		1,630		1,530,501
3.90%, 11/01/28 (Call 08/01/28)		1,603		1,536,413
4.02%, 11/01/32 (Call 05/01/32)		1,619		1,489,457
4.15%, 12/15/32 (Call 09/15/32)		2,050		1,887,274
4.30%, 03/15/49 (Call 09/15/48)		1,969		1,635,545
4.40%, 11/01/48 (Call 05/01/48)		1,560		1,314,736
4.45%, 03/13/26 (Call 02/13/26)		1,665		1,644,492
4.80%, 02/05/27 (Call 01/05/27)(b)		1,700		1,691,555
4.80%, 03/15/28 (Call 02/15/28)		3,850		3,829,219
4.85%, 02/07/29 (Call 01/07/29)		1,830		1,814,405
5.00%, 02/07/31 (Call 12/07/30)		1,325		1,307,531
5.05%, 09/15/28 (Call 08/15/28)		1,784		1,785,927
5.25%, 04/20/46 (Call 04/20/26),
(3-mo. LIBOR US + 3.630%)(a)		1,920		1,862,483
5.45%, 10/30/25(b)		2,710		2,716,978
5.60%, 11/13/26 (Call 10/13/26)		1,215		1,231,018
5.80%, 01/15/33 (Call 07/15/32)		2,640		2,729,989
7.13%, 09/15/53 (Call 06/15/28),
(5-year CMT + 3.533%)(a)		510		527,520
Series C, 8.00%, 03/01/32		1,458		1,688,408
Nevada Power Co.
5.90%, 05/01/53 (Call 11/01/52)		885		910,250
6.00%, 03/15/54 (Call 09/15/53)		2,115		2,209,406
Series CC, 3.70%, 05/01/29 (Call 02/01/29)		2,759		2,603,206
Series DD, 2.40%, 05/01/30 (Call 02/01/30)		1,070		910,016
Series EE, 3.13%, 08/01/50 (Call 02/01/50)		1,675		1,098,548
Series N, 6.65%, 04/01/36		1,900		2,033,280
Series R, 6.75%, 07/01/37(b)		1,575		1,743,162
NextEra Energy Capital Holdings Inc.
1.88%, 01/15/27 (Call 12/15/26)		5,440		4,964,296
1.90%, 06/15/28 (Call 04/15/28)		4,390		3,844,979
2.25%, 06/01/30 (Call 03/01/30)		5,167		4,348,155
2.44%, 01/15/32 (Call 10/15/31)		4,808		3,904,232
2.75%, 11/01/29 (Call 08/01/29)		5,345		4,710,901
3.00%, 01/15/52 (Call 07/15/51)		2,290		1,451,638
3.50%, 04/01/29 (Call 01/01/29)		3,892		3,599,114
3.55%, 05/01/27 (Call 02/01/27)		7,417		7,056,516
3.80%, 03/15/82 (Call 03/15/27),
(5-year CMT + 2.547%)(a)		1,030		917,534
4.45%, 06/20/25		3,385		3,340,907
4.63%, 07/15/27 (Call 06/15/27)		6,870		6,759,216
4.80%, 12/01/77 (Call 12/01/27),
(3-mo. LIBOR US + 2.409%)(a)		2,698		2,443,081
4.90%, 02/28/28 (Call 01/28/28)		5,905		5,856,011
4.90%, 03/15/29 (Call 02/15/29)		3,575		3,530,611
4.95%, 01/29/26		3,745		3,717,539
5.00%, 02/28/30 (Call 12/28/29)		3,960		3,925,990
5.00%, 07/15/32 (Call 04/15/32)		4,577		4,460,825
5.05%, 02/28/33 (Call 11/28/32)		4,690		4,572,477
5.25%, 03/15/34 (Call 12/15/33)		3,575		3,508,916
5.25%, 02/28/53 (Call 08/28/52)		4,630		4,299,095
5.55%, 03/15/54 (Call 09/15/53)		3,715		3,602,465
5.65%, 05/01/79 (Call 05/01/29),
(3-mo. LIBOR US + 3.156%)(a)		866		832,875
5.75%, 09/01/25		1,139		1,145,032
6.05%, 03/01/25		1,400		1,405,658

44 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Northern States Power Co./MN
2.25%, 04/01/31 (Call 10/01/30)	$	2,335	$	1,955,860
2.60%, 06/01/51 (Call 12/01/50)		2,275		1,405,156
2.90%, 03/01/50 (Call 09/01/49)		2,854		1,867,993
3.20%, 04/01/52 (Call 10/01/51)		1,750		1,205,617
3.40%, 08/15/42 (Call 02/15/42)		1,078		818,553
3.60%, 05/15/46 (Call 11/15/45)		1,311		992,938
3.60%, 09/15/47 (Call 03/15/47)		2,243		1,696,750
4.00%, 08/15/45 (Call 02/15/45)		1,557		1,258,988
4.13%, 05/15/44 (Call 11/15/43)		1,540		1,270,709
4.50%, 06/01/52 (Call 12/01/51)		1,780		1,552,275
5.10%, 05/15/53 (Call 11/15/52)		2,560		2,443,307
5.35%, 11/01/39		620		611,823
5.40%, 03/15/54 (Call 09/15/53)		1,570		1,553,608
6.20%, 07/01/37		1,493		1,597,244
6.25%, 06/01/36		1,180		1,274,432
NorthWestern Corp., 4.18%, 11/15/44
(Call 05/15/44)		415		334,177
NSTAR Electric Co.
1.95%, 08/15/31 (Call 05/15/31)		876		700,495
3.10%, 06/01/51 (Call 12/01/50)		1,295		874,274
3.20%, 05/15/27 (Call 02/15/27)		2,551		2,430,233
3.25%, 05/15/29 (Call 02/15/29)		2,662		2,474,358
3.95%, 04/01/30 (Call 01/01/30)		2,477		2,322,120
4.40%, 03/01/44 (Call 09/01/43)		1,885		1,623,895
4.55%, 06/01/52 (Call 12/01/51)		2,255		1,949,286
4.95%, 09/15/52 (Call 03/15/52)		20		18,503
5.50%, 03/15/40		405		403,627
Oglethorpe Power Corp.
3.75%, 08/01/50 (Call 02/01/50)		2,230		1,598,671
4.50%, 04/01/47 (Call 10/01/46)		2,385		1,934,643
5.05%, 10/01/48 (Call 04/01/48)		2,165		1,908,051
5.25%, 09/01/50		1,217		1,113,517
5.38%, 11/01/40		2,040		1,911,048
5.95%, 11/01/39		1,581		1,560,861
6.20%, 12/01/53 (Call 06/01/53)(c)		2,085		2,145,105
Ohio Edison Co., 6.88%, 07/15/36		1,390		1,535,287
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)		2,087		1,628,706
4.15%, 04/01/48 (Call 10/01/47)		2,102		1,682,981
5.00%, 06/01/33 (Call 03/01/33)		735		720,891
Series P, 2.60%, 04/01/30 (Call 01/01/30)		2,038		1,763,474
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		2,481		1,978,387
Series R, 2.90%, 10/01/51 (Call 04/01/51)		1,350		859,552
Oklahoma Gas & Electric Co.
3.25%, 04/01/30 (Call 10/01/29)		2,411		2,163,465
3.30%, 03/15/30 (Call 09/15/29)		1,756		1,581,040
3.80%, 08/15/28 (Call 02/15/28)		1,377		1,318,927
3.85%, 08/15/47 (Call 02/15/47)		1,829		1,389,077
4.15%, 04/01/47 (Call 10/01/46)		2,960		2,358,491
5.40%, 01/15/33 (Call 07/15/32)		1,780		1,809,042
5.60%, 04/01/53 (Call 10/01/52)		895		899,951
Oncor Electric Delivery Co. LLC
0.55%, 10/01/25 (Call 09/01/25)		3,965		3,686,050
2.70%, 11/15/51 (Call 05/15/51)		2,360		1,465,600
2.75%, 05/15/30 (Call 02/15/30)		2,547		2,237,268
2.95%, 04/01/25 (Call 01/01/25)		1,149		1,120,383
3.10%, 09/15/49 (Call 03/15/49)		3,090		2,118,413
3.70%, 11/15/28 (Call 08/15/28)		3,808		3,608,180
3.70%, 05/15/50 (Call 11/15/49)		2,531		1,929,705
3.75%, 04/01/45 (Call 10/01/44)		3,121		2,475,190

Security	Par (000)		Value
Electric (continued)
3.80%, 09/30/47 (Call 03/30/47)	$	1,977	$	1,525,160
3.80%, 06/01/49 (Call 12/01/48)		2,278		1,787,038
4.10%, 11/15/48 (Call 05/15/48)		2,180		1,786,442
4.15%, 06/01/32 (Call 03/01/32)		1,840		1,723,277
4.30%, 05/15/28 (Call 04/15/28)		590		575,277
4.55%, 09/15/32 (Call 06/15/32)		2,750		2,638,112
4.55%, 12/01/41 (Call 06/01/41)		1,261		1,143,397
4.60%, 06/01/52 (Call 12/01/51)		740		650,733
4.95%, 09/15/52 (Call 03/15/52)		3,020		2,812,282
5.25%, 09/30/40		1,297		1,287,156
5.30%, 06/01/42 (Call 12/01/41)		1,748		1,765,141
5.35%, 10/01/52 (Call 04/01/52)		220		218,261
5.65%, 11/15/33 (Call 08/15/33)		2,450		2,526,167
5.75%, 03/15/29 (Call 12/15/28)		1,269		1,311,948
7.00%, 05/01/32		969		1,079,419
7.25%, 01/15/33		2,037		2,317,905
7.50%, 09/01/38		644		768,497
Pacific Gas and Electric Co.
2.10%, 08/01/27 (Call 06/01/27)		5,160		4,622,429
2.50%, 02/01/31 (Call 11/01/30)		8,208		6,731,318
2.95%, 03/01/26 (Call 12/01/25)		2,277		2,161,420
3.00%, 06/15/28 (Call 04/15/28)		3,285		2,980,716
3.15%, 01/01/26		4,748		4,540,437
3.25%, 06/01/31 (Call 03/01/31)		3,215		2,754,593
3.30%, 03/15/27 (Call 12/15/26)		1,847		1,733,576
3.30%, 12/01/27 (Call 09/01/27)		4,132		3,817,145
3.30%, 08/01/40 (Call 02/01/40)		2,282		1,645,142
3.45%, 07/01/25		1,927		1,870,843
3.50%, 06/15/25 (Call 03/15/25)		1,320		1,281,227
3.50%, 08/01/50 (Call 02/01/50)		7,965		5,358,328
3.75%, 07/01/28		4,074		3,790,260
3.75%, 08/15/42 (Call 02/15/42)		1,693		1,244,142
3.95%, 12/01/47 (Call 06/01/47)		3,548		2,576,462
4.00%, 12/01/46 (Call 06/01/46)		2,879		2,096,255
4.20%, 03/01/29 (Call 01/01/29)		1,905		1,797,268
4.20%, 06/01/41 (Call 12/01/40)		1,327		1,042,605
4.25%, 03/15/46 (Call 09/15/45)		2,097		1,604,284
4.30%, 03/15/45 (Call 09/15/44)		2,704		2,109,680
4.40%, 03/01/32 (Call 12/01/31)		2,505		2,279,869
4.45%, 04/15/42 (Call 10/15/41)		1,286		1,034,612
4.50%, 07/01/40 (Call 01/01/40)		7,688		6,458,893
4.55%, 07/01/30 (Call 01/01/30)		11,624		10,932,728
4.60%, 06/15/43 (Call 12/15/42)		1,147		940,157
4.65%, 08/01/28 (Call 05/01/28)		1,518		1,448,840
4.75%, 02/15/44 (Call 08/15/43)		2,300		1,917,433
4.95%, 06/08/25		1,630		1,614,446
4.95%, 07/01/50 (Call 01/01/50)		12,077		10,256,809
5.25%, 03/01/52 (Call 09/01/51)		1,410		1,248,335
5.45%, 06/15/27 (Call 05/15/27)		2,319		2,314,607
5.55%, 05/15/29 (Call 04/15/29)		2,675		2,680,317
5.80%, 05/15/34 (Call 02/15/34)		2,675		2,671,004
5.90%, 06/15/32 (Call 03/15/32)		3,000		3,015,093
6.10%, 01/15/29 (Call 12/15/28)		1,670		1,709,228
6.15%, 01/15/33 (Call 10/15/32)		3,075		3,146,281
6.40%, 06/15/33 (Call 03/15/33)		3,230		3,358,801
6.70%, 04/01/53 (Call 10/01/52)		2,030		2,176,926
6.75%, 01/15/53 (Call 07/15/52)		4,910		5,262,554
6.95%, 03/15/34 (Call 12/15/33)		3,440		3,719,413
PacifiCorp
2.90%, 06/15/52 (Call 12/15/51)		3,935		2,398,428
3.30%, 03/15/51 (Call 09/15/50)		2,629		1,724,048

S C H E D U L E O F I N V E S T M E N T S 45

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.10%, 02/01/42 (Call 08/01/41)	$	1,291	$	1,023,223
4.13%, 01/15/49 (Call 07/15/48)		2,710		2,113,354
4.15%, 02/15/50 (Call 08/15/49)		2,802		2,174,857
5.10%, 02/15/29 (Call 01/15/29)		2,190		2,183,565
5.25%, 06/15/35		904		878,131
5.35%, 12/01/53 (Call 06/01/53)		3,820		3,508,334
5.50%, 05/15/54 (Call 11/15/53)		2,725		2,543,225
5.75%, 04/01/37		1,092		1,085,498
6.00%, 01/15/39		2,708		2,780,574
6.10%, 08/01/36		1,165		1,206,487
6.25%, 10/15/37		3,051		3,189,173
6.35%, 07/15/38		820		861,370
PacifiCorp.
2.70%, 09/15/30 (Call 06/15/30)		2,130		1,827,632
3.50%, 06/15/29 (Call 03/15/29)		1,785		1,645,733
5.30%, 02/15/31 (Call 12/15/30)		2,210		2,190,879
5.45%, 02/15/34 (Call 11/15/33)		2,310		2,278,519
5.80%, 01/15/55 (Call 07/15/54)		4,260		4,117,671
7.70%, 11/15/31		785		899,129
PECO Energy Co.
2.80%, 06/15/50 (Call 12/15/49)(b)		380		244,820
2.85%, 09/15/51 (Call 03/15/51)		1,185		754,821
3.00%, 09/15/49 (Call 03/15/49)		1,845		1,239,852
3.05%, 03/15/51 (Call 09/15/50)		1,070		719,635
3.15%, 10/15/25 (Call 07/15/25)		1,185		1,150,804
3.70%, 09/15/47 (Call 03/15/47)		1,841		1,430,599
3.90%, 03/01/48 (Call 09/01/47)		2,587		2,081,134
4.15%, 10/01/44 (Call 04/01/44)(b)		1,365		1,140,335
4.38%, 08/15/52 (Call 02/15/52)		1,770		1,509,144
4.60%, 05/15/52 (Call 11/15/51)		1,800		1,602,742
4.90%, 06/15/33 (Call 03/15/33)		2,457		2,432,386
5.95%, 10/01/36		775		819,833
PG&E Recovery Funding LLC, 5.05%, 07/15/34		91		90,342
Pinnacle West Capital Corp., 1.30%, 06/15/25
(Call 05/15/25)		2,538		2,408,523
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)		2,709		2,276,586
5.20%, 03/15/34 (Call 12/15/33)		1,300		1,292,454
5.50%, 03/15/54 (Call 09/15/53)		1,300		1,294,033
6.50%, 11/15/37		260		286,975
PPL Capital Funding Inc.
3.10%, 05/15/26 (Call 02/15/26)		3,919		3,732,073
4.13%, 04/15/30 (Call 01/15/30)		1,710		1,594,869
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		1,652		1,126,950
3.95%, 06/01/47 (Call 12/01/46)		1,053		849,932
4.13%, 06/15/44 (Call 12/15/43)		928		778,098
4.15%, 10/01/45 (Call 04/01/45)		1,485		1,234,607
4.15%, 06/15/48 (Call 12/15/47)		1,600		1,340,828
4.75%, 07/15/43 (Call 01/15/43)		1,125		1,035,103
4.85%, 02/15/34 (Call 11/15/33)		1,845		1,796,777
5.00%, 05/15/33 (Call 02/15/33)		3,370		3,350,768
5.25%, 05/15/53 (Call 11/15/52)		3,950		3,834,499
6.25%, 05/15/39		1,645		1,786,421
Progress Energy Inc.
6.00%, 12/01/39		2,912		2,935,511
7.00%, 10/30/31		1,795		1,980,876
7.75%, 03/01/31		2,939		3,319,714
Public Service Co. of Colorado
1.88%, 06/15/31 (Call 12/15/30)		830		668,518

Security	Par (000)		Value
Electric (continued)
3.60%, 09/15/42 (Call 03/15/42)	$	1,933	$	1,483,697
3.70%, 06/15/28 (Call 12/15/27)		1,995		1,900,998
3.80%, 06/15/47 (Call 12/15/46)		1,889		1,434,214
4.05%, 09/15/49 (Call 03/15/49)		1,931		1,506,157
4.10%, 06/01/32 (Call 03/01/32)(b)		1,235		1,146,789
4.10%, 06/15/48 (Call 12/15/47)		1,620		1,292,437
4.30%, 03/15/44 (Call 09/15/43)		1,566		1,303,226
4.50%, 06/01/52 (Call 12/01/51)		2,025		1,695,721
5.25%, 04/01/53 (Call 10/01/52)		3,055		2,892,269
6.50%, 08/01/38		110		119,709
Series 17, 6.25%, 09/01/37		1,384		1,468,009
Series 34, 3.20%, 03/01/50 (Call 09/01/49)		1,599		1,083,077
Series 35, 1.90%, 01/15/31 (Call 07/15/30)		2,209		1,798,285
Series 36, 2.70%, 01/15/51 (Call 07/15/50)		1,620		979,514
Public Service Co. of New Hampshire
3.60%, 07/01/49 (Call 01/01/49)		1,550		1,172,000
5.15%, 01/15/53 (Call 07/15/52)		1,670		1,601,880
5.35%, 10/01/33 (Call 07/01/33)		1,475		1,490,390
Series V, 2.20%, 06/15/31 (Call 03/15/31)		280		230,606
Public Service Co. of Oklahoma
5.25%, 01/15/33 (Call 10/15/32)		2,810		2,782,387
Series J, 2.20%, 08/15/31 (Call 05/15/31)		1,095		890,518
Series K, 3.15%, 08/15/51 (Call 02/15/51)		520		347,850
Public Service Electric & Gas Co.
0.95%, 03/15/26 (Call 02/15/26)		1,865		1,725,894
1.90%, 08/15/31 (Call 05/15/31)		2,685		2,162,746
2.05%, 08/01/50 (Call 02/01/50)(b)		2,200		1,228,911
2.25%, 09/15/26 (Call 06/15/26)		1,469		1,372,730
2.45%, 01/15/30 (Call 10/15/29)		3,299		2,868,665
2.70%, 05/01/50 (Call 11/01/49)		765		492,727
3.00%, 05/15/25 (Call 02/15/25)		513		499,874
3.00%, 05/15/27 (Call 02/15/27)		2,214		2,092,581
3.00%, 03/01/51 (Call 09/01/50)		210		140,446
3.10%, 03/15/32 (Call 12/15/31)(b)		504		438,701
3.15%, 01/01/50 (Call 07/01/49)		1,785		1,240,439
3.20%, 05/15/29 (Call 02/15/29)		1,559		1,437,774
3.20%, 08/01/49 (Call 02/01/49)		2,055		1,449,862
3.60%, 12/01/47 (Call 06/01/47)		1,879		1,432,184
3.65%, 09/01/28 (Call 06/01/28)(b)		2,353		2,240,315
3.65%, 09/01/42 (Call 03/01/42)		1,535		1,208,518
3.70%, 05/01/28 (Call 02/01/28)		2,254		2,154,508
3.80%, 01/01/43 (Call 07/01/42)		564		458,095
3.80%, 03/01/46 (Call 09/01/45)		2,633		2,078,105
3.85%, 05/01/49 (Call 11/01/48)		1,932		1,539,291
3.95%, 05/01/42 (Call 11/01/41)		630		528,546
4.05%, 05/01/48 (Call 11/01/47)		1,741		1,446,797
4.65%, 03/15/33 (Call 12/15/32)		1,405		1,358,743
4.90%, 12/15/32 (Call 09/15/32)(b)		2,078		2,049,612
5.13%, 03/15/53 (Call 09/15/52)(b)		665		643,931
5.20%, 08/01/33 (Call 05/01/33)		630		634,332
5.20%, 03/01/34 (Call 12/01/33)		1,900		1,902,354
5.45%, 08/01/53 (Call 02/01/53)		20		20,092
5.45%, 03/01/54 (Call 09/01/53)		1,900		1,905,699
5.50%, 03/01/40		387		386,923
5.80%, 05/01/37		363		373,594
Public Service Enterprise Group Inc.
0.80%, 08/15/25 (Call 07/15/25)		2,522		2,361,599
1.60%, 08/15/30 (Call 05/15/30)(b)		1,993		1,600,924
2.45%, 11/15/31 (Call 08/15/31)		1,430		1,162,989
5.85%, 11/15/27 (Call 10/15/27)		1,580		1,617,587
5.88%, 10/15/28 (Call 09/15/28)		2,365		2,427,097

46 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
6.13%, 10/15/33 (Call 07/15/33)	$	2,125	$	2,217,641
Puget Energy Inc.
2.38%, 06/15/28 (Call 04/15/28)		3,680		3,262,867
3.65%, 05/15/25 (Call 02/15/25)		2,753		2,682,274
4.10%, 06/15/30 (Call 03/15/30)		1,634		1,479,394
4.22%, 03/15/32 (Call 12/15/31)		2,244		2,003,662
Puget Sound Energy Inc.
2.89%, 09/15/51 (Call 03/15/51)		615		390,990
3.25%, 09/15/49 (Call 03/15/49)		2,998		2,042,733
4.22%, 06/15/48 (Call 12/15/47)		3,690		2,994,705
4.30%, 05/20/45 (Call 11/20/44)		1,882		1,561,270
5.64%, 04/15/41 (Call 10/15/40)		360		358,351
5.76%, 10/01/39		1,320		1,324,910
5.80%, 03/15/40		1,340		1,352,628
6.27%, 03/15/37		895		941,192
San Diego Gas & Electric Co.
2.50%, 05/15/26 (Call 02/15/26)		3,235		3,069,135
3.70%, 03/15/52 (Call 09/15/51)		450		333,407
4.15%, 05/15/48 (Call 11/15/47)		2,025		1,666,689
4.50%, 08/15/40		893		792,471
4.95%, 08/15/28 (Call 07/15/28)		2,387		2,386,341
5.35%, 04/01/53 (Call 10/01/52)		3,680		3,559,841
6.00%, 06/01/39		940		972,791
Series RRR, 3.75%, 06/01/47 (Call 12/01/46)		2,280		1,753,193
Series TTT, 4.10%, 06/15/49 (Call 12/15/48)		2,464		1,987,454
Series UUU, 3.32%, 04/15/50 (Call 10/15/49)		2,176		1,510,422
Series VVV, 1.70%, 10/01/30 (Call 07/01/30)		3,699		3,010,055
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)		2,990		1,983,075
Series XXX, 3.00%, 03/15/32 (Call 12/15/31)		1,925		1,662,503
Sempra
3.25%, 06/15/27 (Call 03/15/27)		3,639		3,422,306
3.30%, 04/01/25 (Call 03/01/25)		2,758		2,693,305
3.40%, 02/01/28 (Call 11/01/27)		4,847		4,561,177
3.70%, 04/01/29 (Call 02/01/29)		2,473		2,303,825
3.80%, 02/01/38 (Call 08/01/37)		3,887		3,188,368
4.00%, 02/01/48 (Call 08/01/47)		1,887		1,465,059
4.13%, 04/01/52 (Call 01/01/27),
(5-year CMT + 2.868%)(a)		4,100		3,764,611
5.40%, 08/01/26 (Call 07/01/26)		2,195		2,200,393
5.50%, 08/01/33 (Call 05/01/33)		2,100		2,087,769
6.00%, 10/15/39		3,275		3,305,636
Sierra Pacific Power Co.
2.60%, 05/01/26 (Call 02/01/26)		3,274		3,101,060
5.90%, 03/15/54 (Call 09/15/53)(c)		1,740		1,777,898
Southern California Edison Co.
2.25%, 06/01/30 (Call 03/01/30)		2,422		2,044,175
2.75%, 02/01/32 (Call 11/01/31)		3,045		2,556,900
2.85%, 08/01/29 (Call 05/01/29)		2,348		2,102,519
3.45%, 02/01/52 (Call 08/01/51)		2,600		1,810,822
3.65%, 02/01/50 (Call 08/01/49)		5,359		3,920,151
4.00%, 04/01/47 (Call 10/01/46)		5,379		4,183,811
4.05%, 03/15/42 (Call 09/15/41)		2,152		1,768,333
4.50%, 09/01/40 (Call 03/01/40)		1,670		1,459,260
4.65%, 10/01/43 (Call 04/01/43)		2,948		2,580,192
4.88%, 02/01/27 (Call 01/01/27)		2,180		2,168,745

Security	Par (000)		Value
Electric (continued)
4.90%, 06/01/26 (Call 05/01/26)	$	1,365	$	1,355,621
5.15%, 06/01/29 (Call 05/01/29)		1,900		1,901,335
5.20%, 06/01/34 (Call 03/01/34)		2,060		2,015,156
5.30%, 03/01/28 (Call 02/01/28)		695		701,678
5.35%, 03/01/26		1,900		1,901,217
5.50%, 03/15/40		2,668		2,635,563
5.63%, 02/01/36		1,459		1,458,422
5.65%, 10/01/28 (Call 09/01/28)		620		634,817
5.70%, 03/01/53 (Call 09/01/52)		485		480,951
5.75%, 04/15/54 (Call 10/15/53)		1,900		1,888,438
5.85%, 11/01/27 (Call 10/01/27)		2,180		2,232,549
5.88%, 12/01/53 (Call 06/01/53)		1,920		1,951,001
5.95%, 11/01/32 (Call 08/01/32)		1,560		1,625,760
6.00%, 01/15/34		1,734		1,807,021
6.05%, 03/15/39		2,655		2,734,587
6.65%, 04/01/29		1,395		1,464,009
Series 04-G, 5.75%, 04/01/35		1,374		1,389,800
Series 05-E, 5.35%, 07/15/35		1,261		1,254,241
Series 06-E, 5.55%, 01/15/37		1,780		1,771,362
Series 08-A, 5.95%, 02/01/38		2,187		2,240,985
Series 13-A, 3.90%, 03/15/43 (Call 09/15/42)		2,454		1,939,923
Series 2020-C, 1.20%, 02/01/26 (Call 01/01/26)		1,785		1,655,576
Series 20A, 2.95%, 02/01/51 (Call 08/01/50)		630		403,117
Series A, 4.20%, 03/01/29 (Call 12/01/28)		2,198		2,114,568
Series B, 3.65%, 03/01/28 (Call 12/01/27)		2,172		2,057,047
Series B, 4.88%, 03/01/49 (Call 09/01/48)		2,886		2,561,448
Series C, 3.60%, 02/01/45 (Call 08/01/44)		1,810		1,339,854
Series C, 4.13%, 03/01/48 (Call 09/01/47)		4,867		3,882,991
Series C, 4.20%, 06/01/25		1,455		1,434,283
Series D, 4.70%, 06/01/27 (Call 05/01/27)		2,477		2,448,518
Series E, 3.70%, 08/01/25 (Call 06/01/25)		3,950		3,858,316
Series E, 5.45%, 06/01/52 (Call 12/01/51)		1,909		1,831,184
Series G, 2.50%, 06/01/31 (Call 03/01/31)		3,027		2,540,571
Series H, 3.65%, 06/01/51 (Call 12/01/50)		2,012		1,470,266
Southern Co. (The)
3.25%, 07/01/26 (Call 04/01/26)		6,545		6,260,771
4.25%, 07/01/36 (Call 01/01/36)		975		861,004
4.40%, 07/01/46 (Call 01/01/46)		7,721		6,511,544
4.85%, 06/15/28 (Call 04/15/28)		2,470		2,446,339
5.11%, 08/01/27		2,500		2,493,714
5.15%, 10/06/25		2,505		2,501,068
5.20%, 06/15/33 (Call 12/15/32)		2,875		2,830,385
5.50%, 03/15/29 (Call 01/15/29)		3,430		3,474,884
5.70%, 10/15/32 (Call 04/15/32)		1,735		1,777,016
5.70%, 03/15/34 (Call 09/15/33)		3,000		3,058,756
Series 21-A, 3.75%, 09/15/51 (Call 06/15/26),
(5-year CMT + 2.915%)(a)		4,125		3,870,832
Series 21-B, 1.75%, 03/15/28 (Call 01/15/28)		1,330		1,168,866
Series A, 3.70%, 04/30/30 (Call 01/30/30)		4,430		4,083,935
Series B, 4.00%, 01/15/51 (Call 10/15/25),
(5-year CMT + 3.733%)(a)		1,865		1,792,977
Southern Power Co.
0.90%, 01/15/26 (Call 12/15/25)		1,713		1,579,146
4.15%, 12/01/25 (Call 09/01/25)		4,411		4,334,866
5.15%, 09/15/41		2,528		2,332,011
5.25%, 07/15/43		1,880		1,742,202

S C H E D U L E O F I N V E S T M E N T S 47

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Series F, 4.95%, 12/15/46 (Call 06/15/46)	$	1,905	$	1,672,646
Southwestern Electric Power Co.
3.25%, 11/01/51 (Call 05/01/51)		2,295		1,501,333
5.30%, 04/01/33 (Call 01/01/33)		1,070		1,054,474
6.20%, 03/15/40		1,739		1,798,887
Series J, 3.90%, 04/01/45 (Call 10/01/44)		680		522,107
Series K, 2.75%, 10/01/26 (Call 07/01/26)		1,820		1,708,590
Series L, 3.85%, 02/01/48 (Call 08/01/47)		2,333		1,711,576
Series M, 4.10%, 09/15/28 (Call 06/15/28)		2,145		2,056,223
Series N, 1.65%, 03/15/26 (Call 02/15/26)		2,335		2,171,679
Southwestern Public Service Co.
3.40%, 08/15/46 (Call 02/15/46)		1,378		958,323
3.70%, 08/15/47 (Call 02/15/47)		1,950		1,394,357
3.75%, 06/15/49 (Call 12/15/48)		1,438		1,043,951
4.50%, 08/15/41 (Call 02/15/41)		2,081		1,765,596
Series 6, 4.40%, 11/15/48 (Call 05/15/48)		718		585,089
Series 8, 3.15%, 05/01/50 (Call 11/01/49)		2,243		1,445,241
System Energy Resources Inc., 6.00%,
04/15/28 (Call 03/15/28)		1,155		1,166,263
Tampa Electric Co.
2.40%, 03/15/31 (Call 12/15/30)		2,024		1,676,563
3.45%, 03/15/51 (Call 09/15/50)		935		648,286
3.63%, 06/15/50 (Call 12/15/49)		1,756		1,275,049
4.10%, 06/15/42 (Call 12/15/41)		2,308		1,893,855
4.30%, 06/15/48 (Call 12/15/47)		1,714		1,408,676
4.35%, 05/15/44 (Call 11/15/43)		1,295		1,072,532
4.45%, 06/15/49 (Call 12/15/48)		2,019		1,698,606
4.90%, 03/01/29 (Call 02/01/29)		1,300		1,292,434
5.00%, 07/15/52 (Call 01/15/52)		1,255		1,143,862
Toledo Edison Co. (The), 6.15%, 05/15/37		909		956,938
Tucson Electric Power Co.
1.50%, 08/01/30 (Call 05/01/30)		3,546		2,848,770
3.05%, 03/15/25 (Call 12/15/24)		580		566,024
3.25%, 05/15/32 (Call 02/15/32)		998		870,270
3.25%, 05/01/51 (Call 11/01/50)		2,390		1,601,149
4.00%, 06/15/50 (Call 12/15/49)		1,342		1,026,818
4.85%, 12/01/48 (Call 06/01/48)		1,262		1,118,879
5.50%, 04/15/53 (Call 10/15/52)		1,725		1,688,663
Union Electric Co.
2.15%, 03/15/32 (Call 12/15/31)		2,165		1,739,496
2.63%, 03/15/51 (Call 09/15/50)		1,446		873,576
2.95%, 06/15/27 (Call 03/15/27)		3,153		2,961,060
2.95%, 03/15/30 (Call 12/15/29)(b)		2,134		1,891,973
3.25%, 10/01/49 (Call 04/01/49)(b)		1,786		1,219,925
3.50%, 03/15/29 (Call 12/15/28)		2,676		2,495,748
3.65%, 04/15/45 (Call 10/15/44)		2,200		1,666,641
3.90%, 09/15/42 (Call 03/15/42)		1,050		851,168
3.90%, 04/01/52 (Call 10/01/51)		1,090		848,357
4.00%, 04/01/48 (Call 10/01/47)		2,230		1,754,266
5.25%, 01/15/54 (Call 07/15/53)		1,980		1,875,350
5.30%, 08/01/37		175		174,303
5.45%, 03/15/53 (Call 09/15/52)		2,460		2,407,912
8.45%, 03/15/39		633		805,211
Virginia Electric & Power Co.
2.30%, 11/15/31 (Call 08/15/31)		2,509		2,066,589
2.40%, 03/30/32 (Call 12/30/31)		1,155		949,689
2.45%, 12/15/50 (Call 06/15/50)		3,702		2,146,949
2.95%, 11/15/51 (Call 05/15/51)		3,580		2,299,843
3.30%, 12/01/49 (Call 06/01/49)		2,285		1,604,208
4.00%, 01/15/43 (Call 07/15/42)		2,120		1,736,850
4.45%, 02/15/44 (Call 08/15/43)		2,290		1,967,504

Security	Par (000)		Value
Electric (continued)
4.60%, 12/01/48 (Call 06/01/48)	$	2,200	$	1,903,817
5.00%, 04/01/33 (Call 01/01/33)		3,180		3,114,329
5.00%, 01/15/34 (Call 10/15/33)		2,555		2,483,534
5.30%, 08/15/33 (Call 05/15/33)		2,185		2,179,170
5.35%, 01/15/54 (Call 07/15/53)		1,865		1,792,530
5.45%, 04/01/53 (Call 10/01/52)		2,880		2,817,708
5.70%, 08/15/53 (Call 02/15/53)		2,195		2,217,594
6.35%, 11/30/37		1,737		1,852,964
8.88%, 11/15/38		2,288		3,041,080
Series A, 2.88%, 07/15/29 (Call 04/15/29)		2,202		1,991,822
Series A, 3.10%, 05/15/25 (Call 02/15/25)		2,267		2,207,710
Series A, 3.15%, 01/15/26 (Call 10/15/25)		4,122		3,976,608
Series A, 3.50%, 03/15/27 (Call 12/15/26)		4,172		3,993,168
Series A, 3.80%, 04/01/28 (Call 01/01/28)		3,645		3,491,421
Series A, 6.00%, 05/15/37		2,132		2,209,900
Series B, 2.95%, 11/15/26 (Call 08/15/26)		2,125		2,012,555
Series B, 3.75%, 05/15/27 (Call 04/15/27)		1,689		1,625,151
Series B, 3.80%, 09/15/47 (Call 03/15/47)		2,187		1,668,055
Series B, 4.20%, 05/15/45 (Call 11/15/44)		1,312		1,083,540
Series B, 6.00%, 01/15/36		1,684		1,753,602
Series C, 4.00%, 11/15/46 (Call 05/15/46)		2,275		1,803,736
Series C, 4.63%, 05/15/52 (Call 11/15/51)		2,515		2,164,325
Series D, 4.65%, 08/15/43 (Call 02/15/43)		2,325		2,057,120
WEC Energy Group Inc.
1.38%, 10/15/27 (Call 08/15/27)(b)		2,954		2,599,191
1.80%, 10/15/30 (Call 07/15/30)		2,042		1,654,468
2.20%, 12/15/28 (Call 10/15/28)		887		778,824
4.75%, 01/09/26 (Call 12/09/25)		4,515		4,469,916
4.75%, 01/15/28 (Call 12/15/27)		2,350		2,320,401
5.00%, 09/27/25 (Call 08/27/25)(b)		2,495		2,483,156
5.15%, 10/01/27 (Call 09/01/27)		2,440		2,436,266
5.60%, 09/12/26 (Call 08/12/26)		1,475		1,490,081
Wisconsin Electric Power Co.
1.70%, 06/15/28 (Call 04/15/28)(b)		2,075		1,822,619
4.30%, 10/15/48 (Call 04/15/48)		905		759,230
4.75%, 09/30/32 (Call 06/30/32)		1,770		1,734,552
5.63%, 05/15/33		580		606,710
5.70%, 12/01/36		500		513,478
Wisconsin Power and Light Co.
1.95%, 09/16/31 (Call 06/16/31)		2,300		1,834,462
3.00%, 07/01/29 (Call 04/01/29)(b)		2,123		1,940,028
3.05%, 10/15/27 (Call 07/15/27)		1,360		1,269,180
3.65%, 04/01/50 (Call 10/01/49)		1,305		952,479
3.95%, 09/01/32 (Call 06/01/32)		2,415		2,222,253
4.95%, 04/01/33 (Call 01/01/33)		1,140		1,111,092
6.38%, 08/15/37		390		417,566
Wisconsin Public Service Corp.
2.85%, 12/01/51 (Call 06/01/51)		1,925		1,215,520
3.30%, 09/01/49 (Call 03/01/49)		2,210		1,547,122
3.67%, 12/01/42		1,520		1,185,022
4.75%, 11/01/44 (Call 05/01/44)		2,073		1,888,618
5.35%, 11/10/25 (Call 10/10/25)		1,630		1,632,641
Xcel Energy Inc.
1.75%, 03/15/27 (Call 02/15/27)		2,865		2,586,214
2.35%, 11/15/31 (Call 05/15/31)		1,700		1,381,332
2.60%, 12/01/29 (Call 06/01/29)		2,551		2,238,287
3.30%, 06/01/25 (Call 12/01/24)		2,834		2,755,681
3.35%, 12/01/26 (Call 06/01/26)		3,337		3,155,192
3.40%, 06/01/30 (Call 12/01/29)		2,815		2,538,571
3.50%, 12/01/49 (Call 06/01/49)		2,185		1,524,369
4.00%, 06/15/28 (Call 12/15/27)		3,249		3,105,096

48 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.60%, 06/01/32 (Call 12/01/31)	$	2,905	$	2,706,534
5.45%, 08/15/33 (Call 02/15/33)		2,615		2,600,787
5.50%, 03/15/34 (Call 09/15/33)		2,875		2,826,221
6.50%, 07/01/36		1,049		1,128,855
				2,150,694,297
Electrical Components & Equipment — 0.0%
Acuity Brands Lighting Inc., 2.15%, 12/15/30
(Call 09/15/30)		1,711		1,402,257
Emerson Electric Co.
0.88%, 10/15/26 (Call 09/15/26)		2,084		1,883,612
1.80%, 10/15/27 (Call 08/15/27)		3,196		2,877,242
1.95%, 10/15/30 (Call 07/15/30)		1,476		1,238,239
2.00%, 12/21/28 (Call 10/21/28)		3,362		2,965,453
2.20%, 12/21/31 (Call 09/21/31)		3,326		2,755,702
2.75%, 10/15/50 (Call 04/15/50)		3,318		2,117,707
2.80%, 12/21/51 (Call 06/21/51)		2,745		1,766,212
3.15%, 06/01/25 (Call 03/01/25)		3,125		3,051,852
5.25%, 11/15/39		1,645		1,661,087
				21,719,363
Electronics — 0.2%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		3,011		2,749,521
Allegion U.S. Holding Co. Inc.
3.55%, 10/01/27 (Call 07/01/27)		1,827		1,728,198
5.41%, 07/01/32 (Call 04/01/32)		1,680		1,678,367
Amphenol Corp.
2.05%, 03/01/25 (Call 02/01/25)		1,166		1,126,944
2.20%, 09/15/31 (Call 06/15/31)		2,765		2,268,376
2.80%, 02/15/30 (Call 11/15/29)		4,952		4,410,248
4.35%, 06/01/29 (Call 03/01/29)		1,711		1,663,161
4.75%, 03/30/26		320		317,763
Arrow Electronics Inc.
2.95%, 02/15/32 (Call 11/15/31)(b)		3,053		2,548,127
3.88%, 01/12/28 (Call 10/12/27)		1,790		1,690,588
4.00%, 04/01/25 (Call 01/01/25)		1,651		1,622,079
6.13%, 03/01/26 (Call 03/11/24)		2,030		2,029,740
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		1,746		1,441,164
4.63%, 04/15/26 (Call 01/15/26)		3,211		3,142,515
5.50%, 06/01/32 (Call 03/01/32)		1,475		1,416,360
6.25%, 03/15/28 (Call 02/15/28)		2,110		2,146,128
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		2,955		2,857,407
4.75%, 06/15/25 (Call 03/15/25)		3,087		3,051,673
4.88%, 06/15/29 (Call 03/15/29)		3,681		3,580,509
4.88%, 05/12/30 (Call 02/12/30)		2,549		2,455,862
6.00%, 01/15/28 (Call 12/15/27)		1,740		1,768,646
Fortive Corp.
3.15%, 06/15/26 (Call 03/15/26)		5,156		4,921,402
4.30%, 06/15/46 (Call 12/15/45)		1,460		1,204,611
Honeywell International Inc.
1.10%, 03/01/27 (Call 02/01/27)		3,294		2,959,708
1.35%, 06/01/25 (Call 05/01/25)		5,614		5,363,622
1.75%, 09/01/31 (Call 06/01/31)		6,155		4,945,732
1.95%, 06/01/30 (Call 03/01/30)		3,591		3,034,543
2.50%, 11/01/26 (Call 08/01/26)		7,262		6,843,692
2.70%, 08/15/29 (Call 05/15/29)		5,340		4,804,308
2.80%, 06/01/50 (Call 12/01/49)(b)		4,105		2,830,254
3.81%, 11/21/47 (Call 05/21/47)		2,930		2,360,979
4.25%, 01/15/29 (Call 12/15/28)		2,845		2,782,796
4.50%, 01/15/34 (Call 10/15/33)		2,855		2,746,836

Security	Par (000)		Value
Electronics (continued)
4.88%, 09/01/29 (Call 08/01/29)	$	2,675	$	2,677,270
4.95%, 02/15/28 (Call 01/15/28)(b)		3,640		3,678,407
4.95%, 09/01/31 (Call 07/01/31)		2,875		2,869,927
5.00%, 02/15/33 (Call 11/15/32)		5,375		5,385,340
5.00%, 03/01/35 (Call 12/01/34)		2,675		2,668,661
5.25%, 03/01/54 (Call 09/01/53)		2,675		2,667,026
5.35%, 03/01/64 (Call 09/01/63)		2,735		2,729,617
5.38%, 03/01/41		975		1,001,439
5.70%, 03/15/36		2,200		2,322,948
5.70%, 03/15/37		2,155		2,259,043
Hubbell Inc.
2.30%, 03/15/31 (Call 12/15/30)		795		656,987
3.15%, 08/15/27 (Call 05/15/27)		2,432		2,281,920
3.35%, 03/01/26 (Call 12/01/25)		1,975		1,905,403
3.50%, 02/15/28 (Call 11/15/27)		2,674		2,525,942
Jabil Inc.
1.70%, 04/15/26 (Call 03/15/26)		3,095		2,862,855
3.00%, 01/15/31 (Call 10/15/30)		3,026		2,581,864
3.60%, 01/15/30 (Call 10/15/29)		2,111		1,901,696
3.95%, 01/12/28 (Call 10/12/27)		2,850		2,695,280
4.25%, 05/15/27 (Call 04/15/27)		1,235		1,192,590
5.45%, 02/01/29 (Call 01/01/29)		895		893,990
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		3,829		3,405,170
4.60%, 04/06/27 (Call 01/06/27)		4,678		4,603,145
TD SYNNEX Corp.
1.75%, 08/09/26 (Call 07/09/26)		3,381		3,079,619
2.38%, 08/09/28 (Call 06/09/28)		2,510		2,189,309
2.65%, 08/09/31 (Call 05/09/31)		2,971		2,362,042
Trimble Inc.
4.90%, 06/15/28 (Call 03/15/28)		3,089		3,061,213
6.10%, 03/15/33 (Call 12/15/32)		690		719,994
Tyco Electronics Group SA
2.50%, 02/04/32 (Call 12/04/31)		625		528,547
3.13%, 08/15/27 (Call 05/15/27)		3,430		3,242,144
3.70%, 02/15/26 (Call 11/15/25)		2,159		2,101,627
4.50%, 02/13/26		2,365		2,336,775
7.13%, 10/01/37		1,266		1,453,251
Vontier Corp.
1.80%, 04/01/26 (Call 03/01/26)		3,767		3,475,091
2.40%, 04/01/28 (Call 02/01/28)		2,906		2,544,008
2.95%, 04/01/31 (Call 01/01/31)		2,679		2,205,334
				175,557,333
Engineering & Construction — 0.0%
Jacobs Engineering Group Inc.
5.90%, 03/01/33 (Call 12/01/32)		3,855		3,854,332
6.35%, 08/18/28 (Call 07/18/28)		4,342		4,471,771
Ste Transcore Holdings Inc., 4.13%, 05/23/26(f)		600		587,139
				8,913,242
Entertainment — 0.1%
Warnermedia Holdings Inc.
3.64%, 03/15/25		7,280		7,126,091
3.76%, 03/15/27 (Call 02/15/27)		15,625		14,787,960
3.79%, 03/15/25 (Call 03/11/24)		890		872,474
4.05%, 03/15/29 (Call 01/15/29)		6,065		5,605,219
4.28%, 03/15/32 (Call 12/15/31)		19,461		17,175,099
5.05%, 03/15/42 (Call 09/15/41)		9,413		7,900,382
5.14%, 03/15/52 (Call 09/15/51)		24,175		19,630,007
5.39%, 03/15/62 (Call 09/15/61)		9,585		7,715,072

S C H E D U L E O F I N V E S T M E N T S 49

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Entertainment (continued)
6.41%, 03/15/26 (Call 03/15/24)	$	1,055	$	1,054,590
				81,866,894
Environmental Control — 0.1%
Nature Conservancy (The), Series A, 3.96%, 03/01/52 (Call 09/01/51)(b)		1,673		1,409,101
Republic Services Inc.
0.88%, 11/15/25 (Call 10/15/25)(b)		2,275		2,109,837
1.45%, 02/15/31 (Call 11/15/30)		3,693		2,908,397
1.75%, 02/15/32 (Call 11/15/31)		2,175		1,705,244
2.30%, 03/01/30 (Call 12/01/29)		4,080		3,504,270
2.38%, 03/15/33 (Call 12/15/32)		3,080		2,468,292
2.90%, 07/01/26 (Call 04/01/26)		2,034		1,942,436
3.05%, 03/01/50 (Call 09/01/49)		2,305		1,595,990
3.20%, 03/15/25 (Call 12/15/24)		2,840		2,772,878
3.38%, 11/15/27 (Call 08/15/27)		3,170		3,005,664
3.95%, 05/15/28 (Call 02/15/28)		4,001		3,848,976
4.88%, 04/01/29 (Call 03/01/29)		2,225		2,215,251
5.00%, 12/15/33 (Call 09/15/33)		2,605		2,560,870
5.00%, 04/01/34 (Call 01/01/34)		2,995		2,948,921
5.70%, 05/15/41 (Call 11/15/40)		716		742,786
6.20%, 03/01/40		825		898,834
Veralto Corp.
5.35%, 09/18/28 (Call 08/18/28)(c)		2,910		2,929,865
5.45%, 09/18/33 (Call 06/18/33)(c)		1,740		1,747,855
5.50%, 09/18/26 (Call 08/18/26)(c)		3,250		3,264,164
Waste Connections Inc.
2.20%, 01/15/32 (Call 10/15/31)		2,583		2,090,661
2.60%, 02/01/30 (Call 11/01/29)		2,912		2,565,784
2.95%, 01/15/52 (Call 07/15/51)(b)		2,905		1,922,143
3.05%, 04/01/50 (Call 10/01/49)		1,991		1,344,366
3.20%, 06/01/32 (Call 03/01/32)		2,100		1,828,140
3.50%, 05/01/29 (Call 02/01/29)		2,311		2,164,780
4.20%, 01/15/33 (Call 10/15/32)		2,965		2,769,107
4.25%, 12/01/28 (Call 09/01/28)		2,677		2,592,275
5.00%, 03/01/34 (Call 12/01/33)		1,900		1,860,366
Waste Management Inc.
0.75%, 11/15/25 (Call 10/15/25)		2,021		1,877,304
1.15%, 03/15/28 (Call 01/15/28)		1,700		1,472,634
1.50%, 03/15/31 (Call 12/15/30)		1,648		1,307,864
2.00%, 06/01/29 (Call 04/01/29)		3,405		2,947,278
2.50%, 11/15/50 (Call 05/15/50)		1,157		714,748
2.95%, 06/01/41 (Call 12/01/40)		3,290		2,429,921
3.13%, 03/01/25 (Call 12/01/24)		726		710,528
3.15%, 11/15/27 (Call 08/15/27)		4,283		4,030,616
4.10%, 03/01/45 (Call 09/01/44)		370		317,568
4.15%, 04/15/32 (Call 01/15/32)		1,610		1,516,601
4.15%, 07/15/49 (Call 01/15/49)		3,902		3,297,176
4.63%, 02/15/30 (Call 12/15/29)		2,960		2,911,055
4.63%, 02/15/33 (Call 11/15/32)		5,870		5,662,928
4.88%, 02/15/29 (Call 01/15/29)		3,340		3,345,143
4.88%, 02/15/34 (Call 11/15/33)		3,970		3,885,050
				100,143,667
Food — 0.4%
Ahold Finance USA LLC, 6.88%, 05/01/29		1,736		1,883,187
Campbell Soup Co.
2.38%, 04/24/30 (Call 01/24/30)		3,468		2,944,666
3.13%, 04/24/50 (Call 10/24/49)		1,790		1,167,168
3.30%, 03/19/25 (Call 12/19/24)		2,084		2,031,842
3.95%, 03/15/25 (Call 01/15/25)		4,257		4,188,763
4.15%, 03/15/28 (Call 12/15/27)		4,522		4,361,815

Security	Par (000)		Value
Food (continued)
4.80%, 03/15/48 (Call 09/15/47)	$	3,195	$	2,802,269
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		3,333		2,896,067
4.60%, 11/01/25 (Call 09/01/25)		4,391		4,325,908
4.85%, 11/01/28 (Call 08/01/28)		3,880		3,812,802
5.30%, 10/01/26		2,165		2,165,328
5.30%, 11/01/38 (Call 05/01/38)		4,351		4,108,517
5.40%, 11/01/48 (Call 05/01/48)		3,743		3,454,365
7.00%, 10/01/28		2,659		2,840,608
8.25%, 09/15/30		2,132		2,448,148
Flowers Foods Inc.
2.40%, 03/15/31 (Call 12/15/30)		1,870		1,562,050
3.50%, 10/01/26 (Call 07/01/26)		1,737		1,665,591
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)		2,582		2,116,090
2.88%, 04/15/30 (Call 01/15/30)		3,284		2,899,579
3.00%, 02/01/51 (Call 08/01/50)		4,044		2,606,607
3.20%, 02/10/27 (Call 11/10/26)		3,747		3,561,574
4.00%, 04/17/25 (Call 02/17/25)		5,537		5,449,114
4.20%, 04/17/28 (Call 01/17/28)		6,643		6,441,200
4.70%, 01/30/27 (Call 12/20/26)		2,410		2,385,740
4.70%, 04/17/48 (Call 10/17/47)(b)		230		207,424
4.95%, 03/29/33 (Call 12/29/32)(b)		4,306		4,226,721
5.24%, 11/18/25 (Call 03/18/24)(b)		1,350		1,348,354
5.40%, 06/15/40(b)		1,037		1,019,313
5.50%, 10/17/28 (Call 09/17/28)		2,215		2,251,090
Hershey Co. (The)
0.90%, 06/01/25 (Call 05/01/25)		3,631		3,450,019
1.70%, 06/01/30 (Call 03/01/30)		1,752		1,462,062
2.30%, 08/15/26 (Call 05/15/26)		4,217		3,979,593
2.45%, 11/15/29 (Call 08/15/29)		1,728		1,531,678
2.65%, 06/01/50 (Call 12/01/49)		745		480,758
3.13%, 11/15/49 (Call 05/15/49)		2,019		1,446,325
3.20%, 08/21/25 (Call 05/21/25)		1,103		1,076,253
3.38%, 08/15/46 (Call 02/15/46)		775		582,923
4.25%, 05/04/28 (Call 04/04/28)		1,830		1,799,523
4.50%, 05/04/33 (Call 02/04/33)(b)		790		772,919
Hormel Foods Corp.
1.70%, 06/03/28 (Call 04/03/28)		5,675		5,009,704
1.80%, 06/11/30 (Call 03/11/30)(b)		1,557		1,292,085
3.05%, 06/03/51 (Call 12/03/50)		3,570		2,395,686
Ingredion Inc.
2.90%, 06/01/30 (Call 03/01/30)		1,404		1,233,723
3.20%, 10/01/26 (Call 07/01/26)		3,260		3,108,732
3.90%, 06/01/50 (Call 12/01/49)		2,000		1,464,948
J M Smucker Co. (The)
5.90%, 11/15/28 (Call 10/15/28)		3,915		4,029,899
6.20%, 11/15/33 (Call 08/15/33)(b)		4,375		4,628,176
6.50%, 11/15/43 (Call 05/15/43)		2,250		2,403,642
6.50%, 11/15/53 (Call 05/15/53)		1,440		1,567,813
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL
6.75%, 03/15/34 (Call 12/15/33)(c)		7,325		7,542,598
7.25%, 11/15/53 (Call 05/15/53)(c)		4,080		4,276,938
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
2.50%, 01/15/27 (Call 12/15/26)		495		454,602
3.00%, 02/02/29 (Call 12/02/28)		475		416,336
3.00%, 05/15/32 (Call 02/15/32)		3,021		2,418,050
3.63%, 01/15/32 (Call 01/15/27)		995		836,665
3.75%, 12/01/31 (Call 12/01/26)		1,335		1,134,487

50 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
4.38%, 02/02/52 (Call 08/02/51)	$	2,400	$	1,720,194
5.13%, 02/01/28 (Call 01/01/28)		4,648		4,552,042
5.50%, 01/15/30 (Call 01/15/25)		3,255		3,170,637
5.75%, 04/01/33 (Call 01/01/33)		7,000		6,786,791
6.50%, 12/01/52 (Call 06/01/52)		6,679		6,435,320
JM Smucker Co. (The)
2.13%, 03/15/32 (Call 12/15/31)		2,580		2,058,827
2.38%, 03/15/30 (Call 12/15/29)		2,500		2,144,292
2.75%, 09/15/41 (Call 03/15/41)(b)		1,290		861,691
3.38%, 12/15/27 (Call 09/15/27)		3,205		3,022,172
3.50%, 03/15/25		5,575		5,462,997
3.55%, 03/15/50 (Call 09/15/49)		1,553		1,087,694
4.25%, 03/15/35		3,917		3,507,605
4.38%, 03/15/45		1,956		1,634,510
Kellanova
2.10%, 06/01/30 (Call 03/01/30)		1,780		1,497,902
3.25%, 04/01/26		4,766		4,581,189
3.40%, 11/15/27 (Call 08/15/27)		2,867		2,699,302
4.30%, 05/15/28 (Call 02/15/28)		3,379		3,281,377
4.50%, 04/01/46		2,074		1,782,567
5.25%, 03/01/33 (Call 12/01/32)		1,165		1,156,402
Series B, 7.45%, 04/01/31		3,672		4,108,196
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40		1,575		1,562,245
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)		7,620		7,270,586
3.75%, 04/01/30 (Call 01/01/30)		3,655		3,407,498
3.88%, 05/15/27 (Call 02/15/27)		6,695		6,461,877
4.25%, 03/01/31 (Call 12/01/30)		1,927		1,829,944
4.38%, 06/01/46 (Call 12/01/45)		9,945		8,249,560
4.63%, 01/30/29 (Call 10/30/28)		2,800		2,746,062
4.63%, 10/01/39 (Call 04/01/39)		1,710		1,544,343
4.88%, 10/01/49 (Call 04/01/49)		4,535		4,046,898
5.00%, 07/15/35 (Call 01/15/35)		3,460		3,377,455
5.00%, 06/04/42		5,646		5,208,453
5.20%, 07/15/45 (Call 01/15/45)		6,390		5,964,816
5.50%, 06/01/50 (Call 12/01/49)		3,640		3,542,640
6.50%, 02/09/40		2,880		3,106,566
6.75%, 03/15/32		1,935		2,128,473
6.88%, 01/26/39		3,350		3,751,781
Kroger Co. (The)
1.70%, 01/15/31 (Call 10/15/30)(b)		2,575		2,052,099
2.20%, 05/01/30 (Call 02/01/30)		2,498		2,100,408
2.65%, 10/15/26 (Call 07/15/26)		3,587		3,370,377
3.50%, 02/01/26 (Call 11/01/25)		3,381		3,276,975
3.70%, 08/01/27 (Call 05/01/27)		3,070		2,944,729
3.88%, 10/15/46 (Call 04/15/46)		1,916		1,453,973
3.95%, 01/15/50 (Call 07/15/49)		2,776		2,174,451
4.45%, 02/01/47 (Call 08/01/46)		3,316		2,796,798
4.50%, 01/15/29 (Call 10/15/28)		3,466		3,387,763
4.65%, 01/15/48 (Call 07/15/47)		1,974		1,719,738
5.00%, 04/15/42 (Call 10/15/41)		1,436		1,331,916
5.15%, 08/01/43 (Call 02/01/43)		1,950		1,811,965
5.40%, 07/15/40 (Call 01/15/40)		1,613		1,559,991
5.40%, 01/15/49 (Call 07/15/48)		2,207		2,152,293
6.90%, 04/15/38		2,325		2,595,461
7.50%, 04/01/31		2,503		2,823,604
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		3,470		3,192,404
1.85%, 02/15/31 (Call 11/15/30)		2,553		2,052,363
2.50%, 04/15/30 (Call 01/15/30)		3,025		2,588,881

Security	Par (000)		Value
Food (continued)
3.40%, 08/15/27 (Call 05/15/27)	$	5,110	$	4,833,524
4.20%, 08/15/47 (Call 02/15/47)(b)		1,580		1,307,399
4.95%, 04/15/33 (Call 01/15/33)(b)		2,280		2,225,280
Mondelez International Inc.
1.50%, 05/04/25 (Call 04/04/25)		5,128		4,902,413
1.50%, 02/04/31 (Call 11/04/30)		3,006		2,389,195
1.88%, 10/15/32 (Call 07/15/32)(b)		2,129		1,675,452
2.63%, 03/17/27 (Call 02/17/27)		2,320		2,163,241
2.63%, 09/04/50 (Call 03/04/50)		4,405		2,751,683
2.75%, 04/13/30 (Call 01/13/30)		3,543		3,128,846
3.00%, 03/17/32 (Call 12/17/31)		305		262,908
4.13%, 05/07/28 (Call 02/07/28)		895		876,499
4.75%, 02/20/29 (Call 01/20/29)		2,200		2,174,453
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)		4,410		3,685,482
4.25%, 04/15/31 (Call 04/15/26)		5,045		4,507,397
6.25%, 07/01/33 (Call 04/01/33)		4,360		4,413,485
6.88%, 05/15/34 (Call 02/15/34)		1,300		1,368,750
Sysco Corp.
2.40%, 02/15/30 (Call 11/15/29)		3,204		2,758,173
2.45%, 12/14/31 (Call 09/14/31)		2,610		2,162,344
3.15%, 12/14/51 (Call 06/14/51)		3,615		2,446,165
3.25%, 07/15/27 (Call 04/15/27)		3,971		3,742,338
3.30%, 07/15/26 (Call 04/15/26)		4,300		4,128,390
3.30%, 02/15/50 (Call 08/15/49)		2,419		1,713,231
3.75%, 10/01/25 (Call 07/01/25)		4,280		4,170,930
4.45%, 03/15/48 (Call 09/15/47)		1,943		1,643,227
4.50%, 04/01/46 (Call 10/01/45)		975		834,310
4.85%, 10/01/45 (Call 04/01/45)		1,975		1,787,569
5.38%, 09/21/35		1,924		1,940,695
5.75%, 01/17/29 (Call 12/17/28)		2,210		2,262,992
5.95%, 04/01/30 (Call 01/01/30)		3,153		3,277,442
6.00%, 01/17/34 (Call 10/17/33)		3,186		3,350,057
6.60%, 04/01/40 (Call 10/01/39)		1,185		1,299,385
6.60%, 04/01/50 (Call 10/01/49)		4,617		5,213,442
Tyson Foods Inc.
3.55%, 06/02/27 (Call 03/02/27)		7,204		6,829,154
4.00%, 03/01/26 (Call 01/01/26)		3,175		3,099,865
4.35%, 03/01/29 (Call 12/01/28)		5,969		5,743,505
4.55%, 06/02/47 (Call 12/02/46)		3,246		2,628,248
4.88%, 08/15/34 (Call 02/15/34)		3,376		3,206,830
5.10%, 09/28/48 (Call 03/28/48)		5,975		5,269,020
5.15%, 08/15/44 (Call 02/15/44)		2,026		1,824,531
5.40%, 03/15/29 (Call 02/15/29)		1,900		1,901,607
5.70%, 03/15/34 (Call 12/15/33)		1,900		1,899,379
Walmart Inc., 3.90%, 09/09/25		4,670		4,599,540
				437,503,506
Forest Products & Paper — 0.1%
Celulosa Arauco y Constitucion SA
3.88%, 11/02/27 (Call 08/02/27)		3,113		2,919,219
5.50%, 11/02/47 (Call 05/02/47)		1,580		1,334,222
Georgia-Pacific LLC
7.75%, 11/15/29		2,453		2,786,148
8.88%, 05/15/31		2,645		3,246,363
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)(b)		1,906		1,614,226
4.40%, 08/15/47 (Call 02/15/47)		3,023		2,512,365
4.80%, 06/15/44 (Call 12/15/43)		3,455		3,076,300
5.00%, 09/15/35 (Call 03/15/35)		1,935		1,875,784
5.15%, 05/15/46 (Call 11/15/45)		410		380,455
6.00%, 11/15/41 (Call 05/15/41)		3,026		3,116,816

S C H E D U L E O F I N V E S T M E N T S 51

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Forest Products & Paper (continued)
7.30%, 11/15/39(b)	$	25	$	29,012
Suzano Austria GmbH
2.50%, 09/15/28 (Call 07/15/28)		2,129		1,859,682
3.13%, 01/15/32 (Call 10/15/31)		3,892		3,195,856
3.75%, 01/15/31 (Call 10/15/30)		3,126		2,731,255
5.00%, 01/15/30 (Call 10/15/29)		4,856		4,620,907
6.00%, 01/15/29 (Call 10/15/28)		7,402		7,403,269
Suzano International Finance BV, 5.50%,
01/17/27		4,909		4,902,231
				47,604,110
Gas — 0.2%
Atmos Energy Corp.
1.50%, 01/15/31 (Call 10/15/30)		2,390		1,900,950
2.63%, 09/15/29 (Call 06/15/29)		1,991		1,772,319
2.85%, 02/15/52 (Call 08/15/51)		1,158		742,113
3.00%, 06/15/27 (Call 03/15/27)		3,075		2,892,049
3.38%, 09/15/49 (Call 03/15/49)		2,982		2,156,268
4.13%, 10/15/44 (Call 04/15/44)		2,066		1,755,395
4.13%, 03/15/49 (Call 09/15/48)		3,474		2,860,201
4.15%, 01/15/43 (Call 07/15/42)		2,924		2,490,917
4.30%, 10/01/48 (Call 04/01/48)		1,748		1,501,531
5.45%, 10/15/32 (Call 07/15/32)		305		312,287
5.50%, 06/15/41 (Call 12/15/40)		2,026		2,044,593
5.75%, 10/15/52 (Call 04/15/52)		1,735		1,816,231
5.90%, 11/15/33 (Call 08/15/33)(b)		1,885		1,981,041
6.20%, 11/15/53 (Call 05/15/53)		1,135		1,252,505
CenterPoint Energy Resources Corp.
1.75%, 10/01/30 (Call 07/01/30)		3,305		2,685,832
4.00%, 04/01/28 (Call 01/01/28)		2,204		2,116,378
4.10%, 09/01/47 (Call 03/01/47)		1,098		878,853
4.40%, 07/01/32 (Call 04/01/32)		2,170		2,054,429
5.25%, 03/01/28 (Call 02/01/28)		4,792		4,826,481
5.40%, 03/01/33 (Call 12/01/32)		2,798		2,816,313
5.85%, 01/15/41 (Call 07/15/40)		1,338		1,365,184
National Fuel Gas Co.
2.95%, 03/01/31 (Call 12/01/30)		1,595		1,330,465
3.95%, 09/15/27 (Call 06/15/27)		879		833,649
4.75%, 09/01/28 (Call 06/01/28)		2,133		2,061,116
5.20%, 07/15/25 (Call 04/15/25)		2,089		2,072,157
5.50%, 01/15/26 (Call 12/15/25)		3,037		3,027,701
5.50%, 10/01/26		1,410		1,405,829
NiSource Inc.
0.95%, 08/15/25 (Call 07/15/25)		5,608		5,263,625
1.70%, 02/15/31 (Call 11/15/30)		4,065		3,224,709
2.95%, 09/01/29 (Call 06/01/29)		3,664		3,294,462
3.49%, 05/15/27 (Call 02/15/27)		4,699		4,467,520
3.60%, 05/01/30 (Call 02/01/30)		4,509		4,127,456
3.95%, 03/30/48 (Call 09/30/47)		2,971		2,282,816
4.38%, 05/15/47 (Call 11/15/46)		3,901		3,222,296
4.80%, 02/15/44 (Call 08/15/43)		3,314		2,939,487
5.00%, 06/15/52 (Call 12/15/51)		1,840		1,663,121
5.25%, 03/30/28 (Call 02/29/28)		2,571		2,582,750
5.25%, 02/15/43 (Call 08/15/42)		1,770		1,667,939
5.40%, 06/30/33 (Call 03/30/33)		1,143		1,141,405
5.65%, 02/01/45 (Call 08/01/44)		1,882		1,828,136
5.95%, 06/15/41 (Call 12/15/40)		1,855		1,884,020
ONE Gas Inc.
2.00%, 05/15/30 (Call 02/15/30)(b)		827		687,532
4.25%, 09/01/32 (Call 06/01/32)(b)		865		819,031
4.50%, 11/01/48 (Call 05/01/48)		2,030		1,743,283
4.66%, 02/01/44 (Call 08/01/43)		1,548		1,378,571

Security	Par (000)		Value
Gas (continued)
5.10%, 04/01/29 (Call 03/01/29)	$	1,850	$	1,854,534
Piedmont Natural Gas Co. Inc.
2.50%, 03/15/31 (Call 12/15/30)		2,260		1,890,212
3.35%, 06/01/50 (Call 12/01/49)		2,040		1,355,643
3.50%, 06/01/29 (Call 03/01/29)		2,724		2,507,941
3.64%, 11/01/46 (Call 05/01/46)		1,532		1,079,456
4.65%, 08/01/43 (Call 02/01/43)		1,045		908,214
5.05%, 05/15/52 (Call 11/15/51)		1,658		1,494,003
5.40%, 06/15/33 (Call 03/15/33)		1,349		1,352,997
Southern California Gas Co.
2.95%, 04/15/27 (Call 03/15/27)		4,125		3,881,100
3.20%, 06/15/25 (Call 03/15/25)		1,941		1,896,637
3.75%, 09/15/42 (Call 03/15/42)		1,690		1,332,362
5.13%, 11/15/40(b)		1,625		1,552,838
5.20%, 06/01/33 (Call 03/01/33)		2,545		2,527,453
5.75%, 06/01/53 (Call 12/01/52)		2,160		2,180,600
6.35%, 11/15/52 (Call 05/15/52)		2,515		2,754,992
Series TT, 2.60%, 06/15/26 (Call 03/15/26)		3,637		3,446,826
Series UU, 4.13%, 06/01/48 (Call 12/01/47)		1,844		1,491,680
Series VV, 4.30%, 01/15/49 (Call 07/15/48)		2,345		1,922,125
Series WW, 3.95%, 02/15/50
(Call 08/15/49)		1,317		1,014,858
Series XX, 2.55%, 02/01/30 (Call 11/01/29)		2,933		2,546,587
Southern Co. Gas Capital Corp.
3.25%, 06/15/26 (Call 03/15/26)		1,854		1,772,287
3.95%, 10/01/46 (Call 04/01/46)		2,642		2,007,161
4.40%, 06/01/43 (Call 12/01/42)		2,430		2,017,888
4.40%, 05/30/47 (Call 11/30/46)		2,188		1,775,584
5.15%, 09/15/32 (Call 03/15/32)		1,475		1,461,874
5.75%, 09/15/33 (Call 03/15/33)		1,850		1,894,603
5.88%, 03/15/41 (Call 09/15/40)		2,310		2,309,623
Series 2020-A, 1.75%, 01/15/31
(Call 10/15/30)		2,899		2,322,968
Series 21A, 3.15%, 09/30/51
(Call 03/30/51)		1,800		1,157,349
Southwest Gas Corp.
2.20%, 06/15/30 (Call 03/15/30)		1,578		1,316,582
3.18%, 08/15/51 (Call 02/15/51)		1,325		850,153
3.70%, 04/01/28 (Call 01/01/28)		2,033		1,919,557
3.80%, 09/29/46 (Call 03/29/46)(b)		1,381		1,009,690
4.05%, 03/15/32 (Call 12/15/31)		2,792		2,554,184
4.15%, 06/01/49 (Call 12/01/48)		1,439		1,100,129
5.45%, 03/23/28 (Call 02/23/28)		1,550		1,562,913
5.80%, 12/01/27 (Call 11/01/27)		2,000		2,035,641
Spire Inc., 5.30%, 03/01/26		570		568,785
Spire Missouri Inc.
3.30%, 06/01/51 (Call 12/01/50)(b)		420		284,163
4.80%, 02/15/33 (Call 11/15/32)(b)		1,070		1,039,578
Washington Gas Light Co.
3.65%, 09/15/49 (Call 03/15/49)		2,185		1,610,292
Series K, 3.80%, 09/15/46 (Call 03/15/46)		2,306		1,701,252
				170,434,260
Hand & Machine Tools — 0.0%
Kennametal Inc.
2.80%, 03/01/31 (Call 12/01/30)		1,515		1,268,957
4.63%, 06/15/28 (Call 03/15/28)		930		904,345
Regal Rexnord Corp.
6.05%, 02/15/26(c)		5,235		5,259,380
6.05%, 04/15/28 (Call 03/15/28)(c)		5,445		5,476,481
6.30%, 02/15/30 (Call 12/15/29)(c)		2,460		2,503,051
6.40%, 04/15/33 (Call 01/15/33)(c)		3,665		3,761,296

52 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hand & Machine Tools (continued)
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)	$	2,034	$	1,427,697
3.25%, 03/01/27 (Call 12/01/26)		1,925		1,843,033
4.10%, 03/01/48 (Call 09/01/47)		1,045		872,145
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)		3,765		3,160,710
2.75%, 11/15/50 (Call 05/15/50)		3,655		2,129,831
3.00%, 05/15/32 (Call 02/15/32)(b)		2,467		2,083,238
3.40%, 03/01/26 (Call 01/01/26)		3,390		3,267,399
4.00%, 03/15/60 (Call 03/15/25),
(5-year CMT + 2.657%)(a)		2,940		2,617,141
4.25%, 11/15/28 (Call 08/15/28)		2,141		2,065,789
4.85%, 11/15/48 (Call 05/15/48)		2,127		1,840,485
5.20%, 09/01/40		1,598		1,499,577
6.00%, 03/06/28 (Call 02/06/28)		3,710		3,828,919
				45,809,474
Health Care - Products — 0.3%
Abbott Laboratories
1.15%, 01/30/28 (Call 11/30/27)		4,544		3,984,657
1.40%, 06/30/30 (Call 03/30/30)		4,048		3,337,992
2.95%, 03/15/25 (Call 12/15/24)		4,775		4,672,063
3.75%, 11/30/26 (Call 08/30/26)		9,482		9,238,439
3.88%, 09/15/25 (Call 06/15/25)		3,594		3,540,360
4.75%, 11/30/36 (Call 05/30/36)		6,483		6,347,539
4.75%, 04/15/43 (Call 10/15/42)		5,000		4,786,580
4.90%, 11/30/46 (Call 05/30/46)		9,637		9,289,711
5.30%, 05/27/40		3,955		4,037,212
6.00%, 04/01/39		1,250		1,386,986
6.15%, 11/30/37		3,570		3,956,080
Agilent Technologies Inc.
2.10%, 06/04/30 (Call 03/04/30)		1,211		1,014,499
2.30%, 03/12/31 (Call 12/12/30)		4,404		3,674,382
2.75%, 09/15/29 (Call 06/15/29)		2,624		2,347,730
3.05%, 09/22/26 (Call 06/22/26)		2,931		2,787,111
Baxter International Inc.
1.73%, 04/01/31 (Call 01/01/31)		2,210		1,744,066
1.92%, 02/01/27 (Call 01/01/27)		6,488		5,898,758
2.27%, 12/01/28 (Call 10/01/28)		5,765		5,054,080
2.54%, 02/01/32 (Call 11/01/31)(b)		3,385		2,773,911
2.60%, 08/15/26 (Call 05/15/26)		4,007		3,757,080
3.13%, 12/01/51 (Call 06/01/51)(b)		3,720		2,419,311
3.50%, 08/15/46 (Call 02/15/46)		1,918		1,357,188
3.95%, 04/01/30 (Call 01/01/30)		3,195		2,957,542
Boston Scientific Corp.
1.90%, 06/01/25 (Call 05/01/25)		4,362		4,182,514
2.65%, 06/01/30 (Call 03/01/30)		3,116		2,725,700
4.00%, 03/01/28 (Call 12/01/27)		3,230		3,124,155
4.55%, 03/01/39 (Call 09/01/38)		2,218		2,059,618
4.70%, 03/01/49 (Call 09/01/48)(b)		2,494		2,283,418
6.50%, 11/15/35		1,318		1,454,644
7.38%, 01/15/40		1,166		1,369,523
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)		4,523		2,847,673
2.80%, 12/10/51 (Call 06/10/51)(b)		3,955		2,562,843
3.35%, 09/15/25 (Call 06/15/25)		2,516		2,454,023
4.38%, 09/15/45 (Call 03/15/45)		2,158		1,912,073
Dentsply Sirona Inc., 3.25%, 06/01/30
(Call 03/01/30)		3,218		2,804,634
DH Europe Finance II Sarl
2.60%, 11/15/29 (Call 08/15/29)		3,396		3,015,956
3.25%, 11/15/39 (Call 05/15/39)		3,637		2,889,501

Security	Par (000)		Value
Health Care - Products (continued)
3.40%, 11/15/49 (Call 05/15/49)	$	2,929	$	2,182,145
Edwards Lifesciences Corp., 4.30%, 06/15/28
(Call 03/15/28)		2,866		2,781,421
GE HealthCare Technologies Inc.
5.60%, 11/15/25 (Call 10/15/25)		7,920		7,944,771
5.65%, 11/15/27 (Call 10/15/27)		8,485		8,614,903
5.86%, 03/15/30 (Call 01/15/30)		3,975		4,108,221
5.91%, 11/22/32 (Call 08/22/32)		2,395		2,486,452
6.38%, 11/22/52 (Call 05/22/52)		4,748		5,261,860
HCA Inc.
3.13%, 03/15/27 (Call 02/15/27)		3,690		3,467,839
3.63%, 03/15/32 (Call 12/15/31)		5,867		5,125,942
4.38%, 03/15/42 (Call 09/15/41)		2,191		1,815,865
Koninklijke Philips NV
5.00%, 03/15/42		2,467		2,227,387
6.88%, 03/11/38		3,375		3,625,570
Medtronic Global Holdings SCA
4.25%, 03/30/28 (Call 02/29/28)		3,750		3,668,913
4.50%, 03/30/33 (Call 12/30/32)		3,325		3,201,409
Medtronic Inc.
4.00%, 04/01/43 (Call 10/01/42)		30		25,752
4.38%, 03/15/35		9,470		8,928,621
4.63%, 03/15/45		7,962		7,371,731
Revvity Inc.
1.90%, 09/15/28 (Call 07/15/28)		2,848		2,460,345
2.25%, 09/15/31 (Call 06/15/31)		2,475		2,011,660
2.55%, 03/15/31 (Call 12/15/30)		1,100		921,308
3.30%, 09/15/29 (Call 06/15/29)		3,076		2,769,144
3.63%, 03/15/51 (Call 09/15/50)		1,180		821,094
Smith & Nephew PLC, 2.03%, 10/14/30
(Call 07/14/30)(b)		5,115		4,195,088
Solventum Corp.
5.40%, 03/01/29 (Call 02/01/29)(c)		3,590		3,584,871
5.45%, 02/25/27 (Call 01/25/27)(c)		2,140		2,144,011
5.45%, 03/13/31 (Call 01/13/31)(c)		4,450		4,415,392
5.60%, 03/23/34 (Call 12/23/33)(c)		4,850		4,831,848
5.90%, 04/30/54 (Call 10/30/53)(c)		4,450		4,357,317
6.00%, 05/15/64 (Call 11/15/63)(c)		4,450		4,322,919
STERIS Irish FinCo UnLtd Co.
2.70%, 03/15/31 (Call 12/15/30)		3,306		2,811,473
3.75%, 03/15/51 (Call 09/15/50)		3,500		2,585,798
Stryker Corp.
1.15%, 06/15/25 (Call 05/15/25)		3,143		2,981,467
1.95%, 06/15/30 (Call 03/15/30)		4,608		3,857,376
2.90%, 06/15/50 (Call 12/15/49)(b)		2,181		1,482,905
3.38%, 11/01/25 (Call 08/01/25)		5,608		5,442,637
3.50%, 03/15/26 (Call 12/15/25)		5,994		5,812,057
3.65%, 03/07/28 (Call 12/07/27)		3,977		3,793,723
4.10%, 04/01/43 (Call 10/01/42)		3,513		2,969,401
4.38%, 05/15/44 (Call 11/15/43)		1,823		1,604,659
4.63%, 03/15/46 (Call 09/15/45)		2,715		2,459,573
4.85%, 12/08/28 (Call 11/08/28)		3,110		3,099,232
Thermo Fisher Scientific Inc.
1.75%, 10/15/28 (Call 08/15/28)		4,185		3,672,698
2.00%, 10/15/31 (Call 07/15/31)		4,855		3,956,717
2.60%, 10/01/29 (Call 07/01/29)		3,749		3,343,034
2.80%, 10/15/41 (Call 04/15/41)		1,855		1,332,941
4.10%, 08/15/47 (Call 02/15/47)		4,854		4,063,434
4.80%, 11/21/27 (Call 10/21/27)		2,603		2,604,226
4.95%, 08/10/26 (Call 07/10/26)		4,125		4,128,387
4.95%, 11/21/32 (Call 08/21/32)		2,115		2,104,300

S C H E D U L E O F I N V E S T M E N T S 53

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Products (continued)
4.98%, 08/10/30 (Call 06/10/30)	$	2,908	$	2,908,398
5.00%, 12/05/26 (Call 11/05/26)		2,270		2,276,347
5.00%, 01/31/29 (Call 12/31/28)		4,795		4,822,000
5.09%, 08/10/33 (Call 05/10/33)		3,605		3,621,425
5.20%, 01/31/34 (Call 10/31/33)(b)		2,390		2,416,849
5.30%, 02/01/44 (Call 08/01/43)		2,239		2,239,491
5.40%, 08/10/43 (Call 04/10/43)(b)		2,910		2,938,096
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		4,005		3,350,043
3.05%, 01/15/26 (Call 12/15/25)		3,103		2,980,760
3.55%, 04/01/25 (Call 01/01/25)		1,875		1,834,059
4.45%, 08/15/45 (Call 02/15/45)(b)		2,349		2,081,545
5.35%, 12/01/28 (Call 11/01/28)		1,950		1,970,144
5.75%, 11/30/39		753		748,679
				334,017,225
Health Care - Services — 0.8%
AdventHealth Obligated Group, Series E,
2.80%, 11/15/51 (Call 05/15/51)		1,379		904,361
Adventist Health System/West
2.95%, 03/01/29 (Call 12/01/28)		1,138		1,010,185
3.63%, 03/01/49 (Call 09/01/48)		1,901		1,399,433
5.43%, 03/01/32 (Call 12/01/31)		415		415,108
Advocate Health & Hospitals Corp.
3.39%, 10/15/49 (Call 04/15/49)		1,787		1,336,991
3.83%, 08/15/28 (Call 05/15/28)		1,186		1,138,658
4.27%, 08/15/48 (Call 02/15/48)		1,586		1,374,165
Series 2020, 2.21%, 06/15/30
(Call 03/15/30)		455		383,919
Series 2020, 3.01%, 06/15/50
(Call 12/15/49)		1,622		1,123,436
Aetna Inc.
3.88%, 08/15/47 (Call 02/15/47)		2,775		2,062,408
4.13%, 11/15/42 (Call 05/15/42)		3,036		2,425,499
4.50%, 05/15/42 (Call 11/15/41)		2,461		2,091,053
4.75%, 03/15/44 (Call 09/15/43)		2,159		1,863,654
6.63%, 06/15/36		3,031		3,300,441
6.75%, 12/15/37		2,968		3,242,972
AHS Hospital Corp.
5.02%, 07/01/45		1,000		953,377
Series 2021, 2.78%, 07/01/51
(Call 01/01/51)		976		639,738
Allina Health System
2.90%, 11/15/51 (Call 05/15/51)		1,160		761,595
Series 2019, 3.89%, 04/15/49
(Call 10/15/48)		2,023		1,635,760
Ascension Health
3.95%, 11/15/46		3,770		3,159,613
4.85%, 11/15/53		3,445		3,289,403
Series B, 2.53%, 11/15/29 (Call 08/15/29)		2,494		2,221,722
Series B, 3.11%, 11/15/39 (Call 05/15/39)		1,911		1,488,750
Banner Health
1.90%, 01/01/31 (Call 07/01/30)		1,543		1,255,968
2.34%, 01/01/30 (Call 10/01/29)		2,412		2,081,461
2.91%, 01/01/42 (Call 07/01/41)		560		408,004
2.91%, 01/01/51 (Call 07/01/50)(b)		1,827		1,209,967
Series 2020, 3.18%, 01/01/50
(Call 07/01/49)(b)		1,653		1,179,696
Baptist Health South Florida Obligated Group,
Series 2021, 3.12%, 11/15/71
(Call 05/15/71)(b)		510		301,230

Security	Par (000)		Value
Health Care - Services (continued)
Baptist Healthcare System Obligated Group,
Series 20B, 3.54%, 08/15/50
(Call 02/15/50)	$	708	$	524,793
BayCare Health System Inc., Series 2020,
3.83%, 11/15/50 (Call 05/15/50)		2,669		2,173,776
Baylor Scott & White Holdings
3.97%, 11/15/46 (Call 05/15/46)		1,030		830,126
4.19%, 11/15/45 (Call 05/15/45)		1,358		1,189,992
Series 2021, 1.78%, 11/15/30
(Call 05/15/30)		1,141		927,721
Series 2021, 2.84%, 11/15/50
(Call 11/15/49)		5,105		3,383,978
Beth Israel Lahey Health Inc., Series L, 3.08%,
07/01/51 (Call 01/01/51)		730		463,234
Bon Secours Mercy Health Inc.
3.46%, 06/01/30 (Call 12/01/29)		2,906		2,645,278
Series 2018, 4.30%, 07/01/28
(Call 01/01/28)		1,321		1,283,484
Series 20-2, 2.10%, 06/01/31
(Call 12/01/30)		1,725		1,392,917
Series 20-2, 3.21%, 06/01/50
(Call 12/01/49)		2,245		1,589,107
Catholic Health Services of Long Island
Obligated Group, Series 2020, 3.37%, 07/01/50 (Call 01/01/50)		1,655		1,149,727
Cedars-Sinai Health System, Series 2021,
2.29%, 08/15/31 (Call 02/15/31)		1,260		1,047,758
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)		5,285		4,662,954
2.50%, 03/01/31 (Call 12/01/30)		8,325		6,820,390
2.63%, 08/01/31 (Call 05/01/31)		5,390		4,411,070
3.00%, 10/15/30 (Call 07/15/30)		8,350		7,131,427
3.38%, 02/15/30 (Call 02/15/25)(b)		8,030		7,084,453
4.25%, 12/15/27 (Call 03/18/24)		5,485		5,228,360
4.63%, 12/15/29 (Call 12/15/24)		9,180		8,693,227
Children’s Health System of Texas, 2.51%,
08/15/50 (Call 02/15/50)(b)		2,411		1,490,130
Children’s Hospital Corp. (The)
Series 2017, 4.12%, 01/01/47
(Call 07/01/46)		1,773		1,508,210
Series 2020, 2.59%, 02/01/50
(Call 08/01/49)		675		425,018
Children’s Hospital Medical Center/Cincinnati
OH, 4.27%, 05/15/44		1,668		1,472,699
Children’s Hospital of Philadelphia (The),
Series 2020, 2.70%, 07/01/50
(Call 01/01/50)		1,628		1,066,276
Children’s Hospital/DC, Series 2020, 2.93%,
07/15/50 (Call 01/15/50)		1,136		738,770
CHRISTUS Health, Series C, 4.34%, 07/01/28
(Call 04/01/28)		1,834		1,784,462
City of Hope
Series 2013, 5.62%, 11/15/43		1,090		1,070,476
Series 2018, 4.38%, 08/15/48
(Call 02/15/48)		2,077		1,709,162
Cleveland Clinic Foundation (The), 4.86%,
01/01/2114		1,495		1,355,581
CommonSpirit Health
1.55%, 10/01/25 (Call 07/01/25)		1,828		1,717,052
2.78%, 10/01/30 (Call 04/01/30)		1,872		1,602,636
3.35%, 10/01/29 (Call 04/01/29)		3,045		2,764,889

54 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
3.82%, 10/01/49 (Call 04/01/49)	$	3,052	$	2,347,829
3.91%, 10/01/50 (Call 04/01/50)		1,304		1,006,648
4.19%, 10/01/49 (Call 04/01/49)		2,966		2,402,429
4.35%, 11/01/42		2,968		2,531,445
6.07%, 11/01/27 (Call 08/01/27)		1,756		1,799,534
6.46%, 11/01/52 (Call 05/01/52)(b)		915		1,024,318
Community Health Network Inc., Series 20-A,
3.10%, 05/01/50 (Call 11/01/49)		1,631		1,099,473
Corewell Health Obligated Group, Series 19A,
3.49%, 07/15/49 (Call 01/15/49)(b)		2,318		1,745,799
Cottage Health Obligated Group, Series 2020,
3.30%, 11/01/49 (Call 05/01/49)		2,955		2,130,074
Dartmouth-Hitchcock Health, Series B, 4.18%,
08/01/48 (Call 02/01/48)		1,692		1,283,930
Dignity Health
4.50%, 11/01/42		1,030		882,205
5.27%, 11/01/64		1,100		1,022,597
Duke University Health System Inc., Series
2017, 3.92%, 06/01/47 (Call 12/01/46)		2,516		2,078,928
Elevance Health Inc.
1.50%, 03/15/26 (Call 02/15/26)		4,515		4,194,215
2.25%, 05/15/30 (Call 02/15/30)		3,888		3,302,817
2.55%, 03/15/31 (Call 12/15/30)		4,415		3,742,100
2.88%, 09/15/29 (Call 06/15/29)		4,147		3,718,658
3.13%, 05/15/50 (Call 11/15/49)		1,981		1,352,117
3.60%, 03/15/51 (Call 09/15/50)		5,473		4,074,278
3.65%, 12/01/27 (Call 09/01/27)		6,003		5,740,459
3.70%, 09/15/49 (Call 03/15/49)		4,477		3,390,929
4.10%, 03/01/28 (Call 12/01/27)		5,788		5,598,196
4.10%, 05/15/32 (Call 02/15/32)		2,453		2,260,889
4.38%, 12/01/47 (Call 06/01/47)		5,896		5,006,674
4.55%, 03/01/48 (Call 09/01/47)		4,395		3,827,431
4.55%, 05/15/52 (Call 11/15/51)		2,575		2,233,258
4.63%, 05/15/42		1,919		1,726,649
4.65%, 01/15/43		5,285		4,769,332
4.65%, 08/15/44 (Call 02/15/44)		2,022		1,797,135
4.75%, 02/15/33 (Call 11/15/32)		2,550		2,462,899
4.90%, 02/08/26 (Call 03/11/24)		1,990		1,975,827
5.10%, 01/15/44		4,793		4,506,146
5.13%, 02/15/53 (Call 08/15/52)		3,160		2,991,156
5.35%, 10/15/25 (Call 09/15/25)		4,017		4,012,349
5.50%, 10/15/32 (Call 07/15/32)		3,635		3,702,438
5.85%, 01/15/36		1,119		1,168,169
5.95%, 12/15/34		1,695		1,780,679
6.10%, 10/15/52 (Call 04/15/52)		2,305		2,472,599
6.38%, 06/15/37		2,300		2,480,451
Franciscan Missionaries of Our Lady Health
System Inc., Series B, 3.91%, 07/01/49
(Call 01/01/49)		205		159,921
Fred Hutchinson Cancer Center, 4.97%,
01/01/52 (Call 07/01/51)		667		628,021
Hackensack Meridian Health Inc.
4.21%, 07/01/48 (Call 01/01/48)		1,701		1,475,005
4.50%, 07/01/57 (Call 01/01/57)		1,165		998,123
Series 2020, 2.68%, 09/01/41
(Call 03/01/41)		2,091		1,476,151
Series 2020, 2.88%, 09/01/50
(Call 03/01/50)		2,242		1,488,675
Hartford HealthCare Corp., 3.45%, 07/01/54		2,080		1,452,905
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		4,645		3,777,056

Security	Par (000)		Value
Health Care - Services (continued)
3.38%, 03/15/29 (Call 01/15/29)	$	1,467	$	1,337,765
3.50%, 09/01/30 (Call 03/01/30)		10,890		9,734,901
3.50%, 07/15/51 (Call 01/15/51)		5,910		3,989,315
4.13%, 06/15/29 (Call 03/15/29)		8,250		7,758,499
4.50%, 02/15/27 (Call 08/15/26)		6,103		5,976,251
4.63%, 03/15/52 (Call 09/15/51)		5,925		4,848,790
5.13%, 06/15/39 (Call 12/15/38)		3,805		3,537,470
5.20%, 06/01/28 (Call 05/01/28)		2,295		2,285,548
5.25%, 04/15/25		6,226		6,198,191
5.25%, 06/15/26 (Call 12/15/25)		6,990		6,947,211
5.25%, 06/15/49 (Call 12/15/48)		7,851		7,033,124
5.38%, 09/01/26 (Call 03/01/26)		4,893		4,878,795
5.45%, 04/01/31 (Call 02/01/31)(b)		775		771,380
5.50%, 06/01/33 (Call 03/01/33)		4,196		4,167,114
5.50%, 06/15/47 (Call 12/15/46)		7,462		6,954,709
5.60%, 04/01/34 (Call 01/01/34)		2,450		2,438,818
5.63%, 09/01/28 (Call 03/01/28)		6,657		6,706,363
5.88%, 02/15/26 (Call 08/15/25)		7,125		7,156,440
5.88%, 02/01/29 (Call 08/01/28)		4,610		4,691,992
5.90%, 06/01/53 (Call 12/01/52)		3,850		3,781,837
6.00%, 04/01/54 (Call 10/01/53)		2,015		1,999,909
6.10%, 04/01/64 (Call 10/01/63)		3,350		3,310,724
Hoag Memorial Hospital Presbyterian, 3.80%,
07/15/52 (Call 01/15/52)(b)		1,977		1,612,981
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)		5,075		4,553,129
2.15%, 02/03/32 (Call 11/03/31)		3,320		2,627,082
3.13%, 08/15/29 (Call 05/15/29)		2,631		2,376,741
3.70%, 03/23/29 (Call 02/23/29)		3,125		2,921,143
3.95%, 03/15/27 (Call 12/15/26)		2,779		2,680,126
3.95%, 08/15/49 (Call 02/15/49)		2,092		1,635,122
4.50%, 04/01/25 (Call 03/01/25)		2,913		2,882,828
4.63%, 12/01/42 (Call 06/01/42)		1,710		1,484,297
4.80%, 03/15/47 (Call 09/15/46)		2,155		1,877,475
4.88%, 04/01/30 (Call 01/01/30)		2,505		2,464,715
4.95%, 10/01/44 (Call 04/01/44)		3,469		3,127,772
5.50%, 03/15/53 (Call 09/15/52)		720		697,508
5.70%, 03/13/26 (Call 03/13/24)		785		784,606
5.75%, 03/01/28 (Call 02/01/28)		1,186		1,208,305
5.75%, 12/01/28 (Call 11/01/28)		1,005		1,026,458
5.88%, 03/01/33 (Call 12/01/32)		3,275		3,360,248
5.95%, 03/15/34 (Call 12/15/33)		2,885		2,979,418
IHC Health Services Inc., 4.13%, 05/15/48
(Call 11/15/47)		565		481,647
Indiana University Health Inc. Obligated Group
3.97%, 11/01/48 (Call 05/01/48)		2,530		2,105,166
Series 2021, 2.85%, 11/01/51
(Call 05/01/51)		835		551,133
Inova Health System Foundation, 4.07%,
05/15/52 (Call 11/15/51)(b)		1,209		1,028,976
Integris Baptist Medical Center Inc., Series A,
3.88%, 08/15/50 (Call 02/15/50)		2,304		1,746,055
Iowa Health System, Series 2020, 3.67%,
02/15/50 (Call 08/15/49)		275		213,738
IQVIA Inc.
5.70%, 05/15/28 (Call 04/15/28)		935		942,261
6.25%, 02/01/29 (Call 01/01/29)		980		1,008,263
Johns Hopkins Health System Corp. (The),
3.84%, 05/15/46		2,956		2,427,470
Kaiser Foundation Hospitals
3.15%, 05/01/27 (Call 02/01/27)		4,268		4,055,508

S C H E D U L E O F I N V E S T M E N T S 55

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
4.15%, 05/01/47 (Call 11/01/46)	$	6,942	$	5,975,648
4.88%, 04/01/42		2,482		2,356,289
Series 2019, 3.27%, 11/01/49
(Call 05/01/49)		5,288		3,876,520
Series 2021, 2.81%, 06/01/41
(Call 12/01/40)		3,552		2,599,247
Series 2021, 3.00%, 06/01/51
(Call 12/01/50)		3,127		2,142,991
Laboratory Corp. of America Holdings
1.55%, 06/01/26 (Call 05/01/26)		2,685		2,473,842
2.70%, 06/01/31 (Call 03/01/31)		3,030		2,587,524
2.95%, 12/01/29 (Call 09/01/29)		2,342		2,084,332
3.60%, 09/01/27 (Call 06/01/27)		3,540		3,361,969
4.70%, 02/01/45 (Call 08/01/44)		4,393		3,920,100
Mass General Brigham Inc.
Series 2015, 4.12%, 07/01/55		199		163,566
Series 2017, 3.77%, 07/01/48
(Call 01/01/48)		1,264		1,004,515
Series 2020, 3.19%, 07/01/49
(Call 01/01/49)		1,835		1,322,977
Series 2020, 3.34%, 07/01/60
(Call 01/01/60)		2,326		1,599,942
Mayo Clinic
3.77%, 11/15/43		245		205,877
Series 2016, 4.13%, 11/15/52(b)		3,046		2,633,542
Series 2021, 3.20%, 11/15/61
(Call 05/15/61)		1,876		1,283,849
McLaren Health Care Corp., Series A, 4.39%, 05/15/48 (Call 11/15/47)		2,212		1,912,807
MedStar Health Inc., Series 20A, 3.63%, 08/15/49(b)		1,777		1,346,134
Memorial Health Services, 3.45%, 11/01/49 (Call 05/01/49)		2,223		1,653,685
Memorial Sloan-Kettering Cancer Center
4.13%, 07/01/52		1,730		1,470,553
5.00%, 07/01/42		690		670,029
Series 2015, 4.20%, 07/01/55		2,009		1,700,783
Series 2020, 2.96%, 01/01/50
(Call 07/01/49)		781		531,141
Methodist Hospital (The), Series 20A, 2.71%,
12/01/50 (Call 06/01/50)		2,736		1,755,777
Montefiore Obligated Group
4.29%, 09/01/50		1,216		746,241
Series 18-C, 5.25%, 11/01/48
(Call 05/01/48)		1,802		1,351,767
Mount Nittany Medical Center Obligated
Group, 3.80%, 11/15/52		850		670,186
Mount Sinai Hospital
Series 2017, 3.98%, 07/01/48		1,637		1,303,880
Series 2019, 3.74%, 07/01/49
(Call 01/01/49)		2,230		1,661,205
Series 2020, 3.39%, 07/01/50
(Call 07/01/49)		1,706		1,140,268
MultiCare Health System, 2.80%, 08/15/50 (Call 02/15/50)(b)		1,413		827,911
MyMichigan Health, Series 2020, 3.41%, 06/01/50 (Call 12/01/49)		1,943		1,406,781
Nationwide Children’s Hospital Inc., 4.56%, 11/01/52 (Call 05/01/52)		1,111		1,011,841
New York and Presbyterian Hospital (The) 2.26%, 08/01/40 (Call 02/01/40)		1,079		728,038

Security	Par (000)		Value
Health Care - Services (continued)
2.61%, 08/01/60 (Call 02/01/60)(b)	$	1,308	$	744,103
4.02%, 08/01/45		3,024		2,559,706
4.06%, 08/01/56		553		446,362
Series 2019, 3.95%, (Call 02/01/19)		1,835		1,331,586
Northwell Healthcare Inc.
3.81%, 11/01/49 (Call 11/01/48)		3,095		2,292,775
3.98%, 11/01/46 (Call 11/01/45)		2,905		2,297,842
4.26%, 11/01/47 (Call 11/01/46)		1,830		1,479,639
Northwestern Memorial Healthcare Obligated Group, Series 2021, 2.63%, 07/15/51 (Call 01/15/51)(b)		570		368,753
Novant Health Inc.
2.64%, 11/01/36 (Call 08/01/36)		986		740,731
3.17%, 11/01/51 (Call 05/01/51)		3,579		2,439,612
3.32%, 11/01/61 (Call 05/01/61)		1,536		1,010,860
NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery, Series 2020, 2.67%, 10/01/50 (Call 04/01/50)		1,260		781,003
OhioHealth Corp.
2.30%, 11/15/31 (Call 05/15/31)		1,794		1,482,590
2.83%, 11/15/41 (Call 05/15/41)		1,570		1,147,174
Series 2020, 3.04%, 11/15/50
(Call 05/15/50)		2,061		1,470,643
Orlando Health Obligated Group
3.33%, 10/01/50 (Call 04/01/50)		1,758		1,286,544
4.09%, 10/01/48 (Call 04/01/48)		1,842		1,529,827
PeaceHealth Obligated Group
Series 2018, 4.79%, 11/15/48
(Call 05/15/48)		1,717		1,513,647
Series 2020, 1.38%, 11/15/25
(Call 08/15/25)		2,242		2,083,458
Series 2020, 3.22%, 11/15/50
(Call 05/15/50)		2,077		1,383,693
Piedmont Healthcare Inc.
2.04%, 01/01/32 (Call 07/01/31)		1,007		811,669
2.86%, 01/01/52 (Call 07/01/51)		2,006		1,310,077
Series 2042, 2.72%, 01/01/42
(Call 07/01/41)		1,551		1,091,085
Presbyterian Healthcare Services, 4.88%, 08/01/52 (Call 02/01/52)		1,205		1,147,348
Providence St Joseph Health Obligated Group 5.40%, 10/01/33 (Call 04/01/33)		2,185		2,174,658
Series 19A, 2.53%, 10/01/29
(Call 07/01/29)		3,187		2,774,934
Series 21A, 2.70%, 10/01/51
(Call 04/01/51)(b)		2,730		1,635,232
Series A, 3.93%, 10/01/48 (Call 04/01/48)		2,030		1,568,991
Series H, 2.75%, 10/01/26 (Call 07/01/26)		1,147		1,075,303
Series I, 3.74%, 10/01/47		2,538		1,939,489
Queen’s Health Systems (The), 4.81%,
07/01/52 (Call 01/01/52)(b)		1,031		961,948
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)		2,581		2,202,866
2.95%, 06/30/30 (Call 03/30/30)		3,687		3,245,505
3.45%, 06/01/26 (Call 03/01/26)		3,797		3,653,071
3.50%, 03/30/25 (Call 12/30/24)		1,488		1,460,853
4.20%, 06/30/29 (Call 03/30/29)		3,798		3,650,765
4.70%, 03/30/45 (Call 09/30/44)		946		835,533
6.40%, 11/30/33 (Call 08/30/33)		1,240		1,326,083
Rady Children’s Hospital-San Diego, Series
21A, 3.15%, 08/15/51 (Call 08/15/50)		980		682,677

56 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
Rush Obligated Group, Series 2020, 3.92%, 11/15/29 (Call 08/15/29)	$	953	$	893,401
RWJ Barnabas Health Inc.
3.48%, 07/01/49 (Call 01/01/49)		1,119		833,290
3.95%, 07/01/46 (Call 07/01/45)		2,423		1,966,261
Seattle Children’s Hospital, Series 2021, 2.72%, 10/01/50 (Call 10/01/49)		2,855		1,840,077
Sentara Healthcare, 2.93%, 11/01/51 (Call 05/01/51)		1,249		843,560
Sharp HealthCare, Series 20B, 2.68%, 08/01/50 (Call 08/01/49)		1,071		675,656
SSM Health Care Corp.
4.89%, 06/01/28 (Call 03/01/28)		2,235		2,224,500
Series A, 3.82%, 06/01/27 (Call 03/01/27)		745		714,758
Stanford Health Care 3.03%, 08/15/51 (Call 02/15/51)		1,900		1,313,205
Series 2018, 3.80%, 11/15/48
(Call 05/15/48)		2,406		1,949,932
Series 2020, 3.31%, 08/15/30
(Call 05/15/30)		770		695,401
Summa Health, 3.51%, 11/15/51
(Call 05/15/51)(b)		1,755		1,306,384
Sutter Health
5.55%, 08/15/53 (Call 02/15/53)		248		258,544
Series 2018, 3.70%, 08/15/28
(Call 05/15/28)		2,054		1,954,178
Series 2018, 4.09%, 08/15/48
(Call 02/15/48)		2,161		1,807,644
Series 20A, 1.32%, 08/15/25
(Call 05/15/25)		1,109		1,043,054
Series 20A, 2.29%, 08/15/30
(Call 02/15/30)		1,489		1,266,354
Series 20A, 3.16%, 08/15/40
(Call 02/15/40)		857		656,137
Series 20A, 3.36%, 08/15/50
(Call 02/15/50)		2,014		1,472,684
Texas Health Resources
2.33%, 11/15/50 (Call 05/15/50)(b)		2,102		1,251,905
4.33%, 11/15/55(b)		829		728,938
Toledo Hospital (The), 5.75%, 11/15/38
(Call 11/15/28)		1,960		1,964,690
Trinity Health Corp.
4.13%, 12/01/45		1,441		1,228,996
Series 2019, 3.43%, 12/01/48(b)		1,885		1,431,768
Series 2021, 2.63%, 12/01/40
(Call 06/01/40)		1,186		833,529
UMass Memorial Health Care Obligated Group, 5.36%, 07/01/52 (Call 01/01/52)		490		465,107
UnitedHealth Group Inc.
3.70%, 05/15/27 (Call 04/15/27)		2,825		2,734,067
1.15%, 05/15/26 (Call 04/15/26)		4,220		3,889,135
1.25%, 01/15/26		2,208		2,062,844
2.00%, 05/15/30		5,175		4,349,270
2.30%, 05/15/31 (Call 02/15/31)		5,770		4,832,563
2.75%, 05/15/40 (Call 11/15/39)		4,456		3,209,244
2.88%, 08/15/29		4,139		3,751,651
2.90%, 05/15/50 (Call 11/15/49)		5,218		3,463,113
2.95%, 10/15/27		3,864		3,627,689
3.05%, 05/15/41 (Call 11/15/40)		4,252		3,159,533
3.10%, 03/15/26		4,002		3,865,494
3.13%, 05/15/60 (Call 11/15/59)		2,529		1,654,410

Security	Par (000)		Value
Health Care - Services (continued)
3.25%, 05/15/51 (Call 11/15/50)	$	6,015	$	4,235,395
3.38%, 04/15/27		2,878		2,757,603
3.45%, 01/15/27		3,723		3,593,113
3.50%, 08/15/39 (Call 02/15/39)		5,279		4,266,344
3.70%, 12/15/25		2,259		2,209,637
3.70%, 08/15/49 (Call 02/15/49)		4,927		3,791,506
3.75%, 07/15/25		9,784		9,602,362
3.75%, 10/15/47 (Call 04/15/47)		4,426		3,431,248
3.85%, 06/15/28		4,816		4,636,334
3.88%, 12/15/28		3,522		3,379,663
3.88%, 08/15/59 (Call 02/15/59)		4,040		3,074,657
3.95%, 10/15/42 (Call 04/15/42)		3,000		2,521,668
4.00%, 05/15/29 (Call 03/15/29)		3,740		3,594,053
4.20%, 05/15/32 (Call 02/15/32)		5,565		5,250,765
4.20%, 01/15/47 (Call 07/15/46)		3,394		2,869,243
4.25%, 01/15/29 (Call 12/15/28)		5,255		5,123,769
4.25%, 03/15/43 (Call 09/15/42)		2,116		1,844,620
4.25%, 04/15/47 (Call 10/15/46)		3,384		2,882,544
4.25%, 06/15/48 (Call 12/15/47)		5,648		4,753,914
4.38%, 03/15/42 (Call 09/15/41)		2,259		2,013,746
4.45%, 12/15/48 (Call 06/15/48)		4,891		4,277,531
4.50%, 04/15/33 (Call 01/15/33)		5,785		5,555,650
4.63%, 07/15/35		2,836		2,736,601
4.63%, 11/15/41 (Call 05/15/41)		3,006		2,743,901
4.75%, 07/15/45		7,855		7,262,455
4.75%, 05/15/52 (Call 11/15/51)		7,450		6,788,320
4.95%, 05/15/62 (Call 11/15/61)		4,730		4,347,357
5.05%, 04/15/53 (Call 10/15/52)		6,530		6,213,103
5.15%, 10/15/25		3,750		3,758,255
5.20%, 04/15/63 (Call 10/15/62)		5,555		5,295,531
5.25%, 02/15/28 (Call 01/15/28)		3,755		3,815,678
5.30%, 02/15/30 (Call 12/15/29)		4,691		4,779,581
5.35%, 02/15/33 (Call 11/15/32)(b)		8,285		8,446,039
5.70%, 10/15/40 (Call 04/15/40)		1,769		1,836,543
5.80%, 03/15/36		3,115		3,293,216
5.88%, 02/15/53 (Call 08/15/52)		7,275		7,774,760
5.95%, 02/15/41 (Call 08/15/40)		2,030		2,139,866
6.05%, 02/15/63 (Call 08/15/62)		3,825		4,150,968
6.50%, 06/15/37		2,773		3,087,401
6.63%, 11/15/37		3,253		3,664,916
6.88%, 02/15/38		4,976		5,779,281
Universal Health Services Inc.
1.65%, 09/01/26 (Call 08/01/26)		3,570		3,245,196
2.65%, 10/15/30 (Call 07/15/30)		3,613		3,015,853
2.65%, 01/15/32 (Call 10/15/31)		2,350		1,908,304
UPMC
5.04%, 05/15/33 (Call 02/15/33)		145		143,137
5.38%, 05/15/43 (Call 11/15/42)		280		282,014
Series D-1, 3.60%, 04/03/25		1,005		986,871
WakeMed, Series A, 3.29%, 10/01/52
(Call 04/01/52)		885		624,885
West Virginia United Health System Obligated Group, Series 2020, 3.13%, 06/01/50 (Call 12/01/49)		833		527,248
Willis-Knighton Medical Center
Series 2018, 4.81%, 09/01/48
(Call 03/01/48)		2,073		1,823,370
Series 2021, 3.07%, 03/01/51
(Call 09/01/50)		1,512		987,219

S C H E D U L E O F I N V E S T M E N T S 57

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
Yale-New Haven Health Services Corp., Series 2020, 2.50%, 07/01/50 (Call 07/01/49)	$	2,526	$	1,507,295
				788,731,820
Holding Companies - Diversified — 0.1%
Ares Capital Corp.
2.15%, 07/15/26 (Call 06/15/26)		2,935		2,666,264
2.88%, 06/15/27 (Call 05/15/27)		1,464		1,329,844
2.88%, 06/15/28 (Call 04/15/28)		5,290		4,633,630
3.20%, 11/15/31 (Call 08/15/31)		3,180		2,593,124
3.25%, 07/15/25 (Call 06/15/25)		4,908		4,715,499
3.88%, 01/15/26 (Call 12/15/25)		3,576		3,430,746
4.25%, 03/01/25 (Call 01/01/25)		2,793		2,737,616
5.88%, 03/01/29 (Call 02/01/29)		1,575		1,540,195
7.00%, 01/15/27		1,022		1,042,026
Bain Capital Specialty Finance Inc.
2.55%, 10/13/26 (Call 09/13/26)		1,860		1,692,061
2.95%, 03/10/26 (Call 02/10/26)		2,090		1,955,566
Barings BDC Inc., 3.30%, 11/23/26 (Call 10/13/26)(b)		875		798,657
Blackstone Private Credit Fund
2.63%, 12/15/26 (Call 11/15/26)		3,545		3,202,187
3.25%, 03/15/27 (Call 02/15/27)		6,360		5,814,568
4.00%, 01/15/29 (Call 11/15/28)(b)		2,795		2,541,353
4.70%, 03/24/25		3,329		3,276,377
6.25%, 01/25/31 (Call 11/25/30)(c)		950		939,339
7.05%, 09/29/25		3,790		3,838,472
7.30%, 11/27/28 (Call 10/27/28)(c)		1,135		1,170,847
Blackstone Secured Lending Fund
2.13%, 02/15/27 (Call 01/15/27)		1,659		1,484,109
2.75%, 09/16/26 (Call 08/19/26)		2,008		1,841,450
2.85%, 09/30/28 (Call 07/30/28)(b)		3,100		2,694,357
3.63%, 01/15/26 (Call 12/15/25)		2,262		2,156,836
Blue Owl Capital Corp.
2.63%, 01/15/27 (Call 12/15/26)		2,972		2,691,400
2.88%, 06/11/28 (Call 04/11/28)		3,900		3,410,167
3.40%, 07/15/26 (Call 06/15/26)		1,825		1,699,278
3.75%, 07/22/25 (Call 06/22/25)		2,374		2,287,641
4.00%, 03/30/25 (Call 02/28/25)		1,501		1,465,577
4.25%, 01/15/26 (Call 12/15/25)		2,330		2,243,130
5.95%, 03/15/29 (Call 02/15/29)		90		87,927
Blue Owl Capital Corp. II, 8.45%, 11/15/26 (Call 10/15/26)(b)(c)		295		302,515
Blue Owl Capital Corp. III, 3.13%, 04/13/27 (Call 03/13/27)		2,685		2,424,064
Blue Owl Credit Income Corp.
3.13%, 09/23/26 (Call 08/23/26)		1,935		1,761,425
4.70%, 02/08/27 (Call 01/08/27)		1,960		1,845,651
5.50%, 03/21/25		530		525,215
6.65%, 03/15/31 (Call 01/15/31)(c)		1,595		1,542,678
7.75%, 09/16/27 (Call 08/16/27)		735		751,585
7.75%, 01/15/29 (Call 12/15/28)(c)		325		331,819
Blue Owl Technology Finance Corp., 2.50%, 01/15/27 (Call 12/15/26)		1,792		1,578,244
FS KKR Capital Corp.
2.63%, 01/15/27 (Call 12/15/26)		2,714		2,456,609
3.13%, 10/12/28 (Call 08/12/28)(b)		3,804		3,285,020
3.25%, 07/15/27 (Call 06/15/27)		1,845		1,675,239
3.40%, 01/15/26 (Call 12/15/25)		1,745		1,650,524
7.88%, 01/15/29 (Call 12/15/28)		200		206,725

Security	Par (000)		Value
Holding Companies - Diversified (continued)
Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25)(b)	$	1,105	$	1,050,803
Golub Capital BDC Inc.
2.05%, 02/15/27 (Call 01/15/27)(b)		3,028		2,664,183
2.50%, 08/24/26 (Call 07/24/26)		1,785		1,625,582
6.00%, 07/15/29 (Call 06/15/29)		140		135,919
7.05%, 12/05/28 (Call 11/05/28)		40		40,753
Main Street Capital Corp.
3.00%, 07/14/26 (Call 06/14/26)		2,675		2,468,496
6.95%, 03/01/29 (Call 02/01/29)		740		742,291
Morgan Stanley Direct Lending Fund, 4.50%, 02/11/27 (Call 01/11/27)		590		563,959
Oaktree Specialty Lending Corp.
2.70%, 01/15/27 (Call 12/15/26)		2,773		2,475,155
7.10%, 02/15/29 (Call 01/15/29)(b)		2,325		2,353,408
Prospect Capital Corp.
3.36%, 11/15/26 (Call 10/15/26)(b)		2,040		1,840,699
3.44%, 10/15/28 (Call 08/15/28)		2,105		1,792,023
3.71%, 01/22/26 (Call 12/22/25)		2,049		1,931,295
Sixth Street Specialty Lending Inc.
2.50%, 08/01/26 (Call 07/01/26)		670		615,395
6.13%, 03/01/29 (Call 02/01/29)(b)		40		39,378
				112,656,895
Home Builders — 0.0%
DR Horton Inc.
1.30%, 10/15/26 (Call 09/15/26)		4,040		3,655,919
1.40%, 10/15/27 (Call 08/15/27)(b)		1,399		1,234,036
2.60%, 10/15/25 (Call 09/15/25)(b)		1,296		1,240,112
Lennar Corp.
4.75%, 05/30/25 (Call 02/28/25)		2,855		2,827,570
4.75%, 11/29/27 (Call 05/29/27)		4,138		4,071,843
5.00%, 06/15/27 (Call 12/15/26)		2,428		2,406,621
5.25%, 06/01/26 (Call 12/01/25)		2,396		2,389,997
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)		1,907		1,611,359
3.85%, 01/15/30 (Call 07/15/29)		1,906		1,758,131
3.97%, 08/06/61 (Call 02/06/61)		1,525		1,160,259
6.00%, 01/15/43 (Call 10/15/42)		3,217		3,205,774
Meritage Homes Corp., 5.13%, 06/06/27 (Call 12/06/26)		330		325,083
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29)		1,308		1,152,775
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)(b)		2,585		2,573,386
5.50%, 03/01/26 (Call 12/01/25)		2,015		2,018,786
6.00%, 02/15/35		2,023		2,077,456
6.38%, 05/15/33		1,786		1,888,426
7.88%, 06/15/32(b)		559		646,521
Toll Brothers Finance Corp.
3.80%, 11/01/29 (Call 08/01/29)		2,790		2,564,961
4.35%, 02/15/28 (Call 11/15/27)		2,170		2,084,558
4.88%, 11/15/25 (Call 08/15/25)		2,397		2,368,834
4.88%, 03/15/27 (Call 12/15/26)(b)		2,320		2,280,925
				45,543,332
Home Furnishings — 0.0%
Harman International Industries Inc., 4.15%, 05/15/25 (Call 02/15/25)		3,161		3,104,666
Leggett & Platt Inc.
3.50%, 11/15/27 (Call 08/15/27)		3,327		3,104,697
3.50%, 11/15/51 (Call 05/15/51)(b)		2,680		1,847,733
4.40%, 03/15/29 (Call 12/15/28)		2,712		2,569,383

58 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Home Furnishings (continued)
Whirlpool Corp.
2.40%, 05/15/31 (Call 02/15/31)	$	1,625	$	1,332,649
3.70%, 05/01/25		1,986		1,943,328
4.50%, 06/01/46 (Call 12/01/45)(b)		2,068		1,662,645
4.60%, 05/15/50 (Call 11/15/49)(b)		2,310		1,859,908
4.70%, 05/14/32 (Call 02/14/32)(b)		1,209		1,142,894
4.75%, 02/26/29 (Call 11/26/28)(b)		4,286		4,185,241
5.50%, 03/01/33 (Call 12/01/32)(b)		1,465		1,452,547
5.75%, 03/01/34 (Call 12/01/33)		1,410		1,402,324
				25,608,015
Household Products & Wares — 0.1%
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)		2,330		1,891,672
2.65%, 04/30/30 (Call 02/01/30)		1,577		1,371,759
4.88%, 12/06/28 (Call 09/06/28)		3,726		3,688,574
5.75%, 03/15/33 (Call 12/15/32)		1,675		1,733,630
Church & Dwight Co. Inc.
2.30%, 12/15/31 (Call 09/15/31)		1,944		1,604,112
3.15%, 08/01/27 (Call 05/01/27)		4,106		3,868,776
3.95%, 08/01/47 (Call 02/01/47)		1,935		1,546,260
5.00%, 06/15/52 (Call 12/15/51)		2,190		2,065,620
5.60%, 11/15/32 (Call 08/15/32)		2,695		2,794,563
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)		3,244		2,679,815
3.10%, 10/01/27 (Call 07/01/27)		2,543		2,385,471
3.90%, 05/15/28 (Call 02/15/28)		2,463		2,367,076
4.40%, 05/01/29 (Call 03/01/29)		2,465		2,402,366
4.60%, 05/01/32 (Call 02/01/32)(b)		3,314		3,215,459
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)		2,551		2,244,175
2.00%, 11/02/31 (Call 08/02/31)		2,583		2,122,607
2.75%, 02/15/26		2,254		2,169,206
2.88%, 02/07/50 (Call 08/07/49)		2,099		1,433,739
3.05%, 08/15/25		1,368		1,330,190
3.10%, 03/26/30 (Call 12/26/29)		2,328		2,117,688
3.20%, 04/25/29 (Call 01/25/29)(b)		1,635		1,517,028
3.20%, 07/30/46 (Call 01/30/46)		2,095		1,529,693
3.90%, 05/04/47 (Call 11/04/46)		1,852		1,500,273
3.95%, 11/01/28 (Call 08/01/28)(b)		2,527		2,450,842
4.50%, 02/16/33 (Call 11/16/32)(b)		2,270		2,219,103
5.30%, 03/01/41		1,950		1,950,263
6.63%, 08/01/37		4,153		4,784,478
				60,984,438
Insurance — 0.8%
ACE Capital Trust II, Series N, 9.70%, 04/01/30(b)		2,182		2,563,137
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28),
(6-mo. LIBOR US + 3.540%)(a)		2,940		2,816,301
Aflac Inc.
1.13%, 03/15/26 (Call 02/15/26)		2,535		2,341,557
2.88%, 10/15/26 (Call 07/15/26)		2,437		2,301,055
3.60%, 04/01/30 (Call 01/01/30)		5,373		4,980,568
4.00%, 10/15/46 (Call 04/15/46)		1,631		1,298,426
4.75%, 01/15/49 (Call 07/15/48)		3,158		2,857,554
Alleghany Corp.
3.25%, 08/15/51 (Call 02/15/51)		1,370		955,678
3.63%, 05/15/30 (Call 02/15/30)		3,129		2,908,454
4.90%, 09/15/44 (Call 03/15/44)		2,235		2,093,055
Allied World Assurance Co. Holdings Ltd.,
4.35%, 10/29/25 (Call 07/29/25)		2,515		2,442,839

Security	Par (000)		Value
Insurance (continued)
Allstate Corp. (The)
0.75%, 12/15/25 (Call 11/15/25)	$	2,815	$	2,597,492
1.45%, 12/15/30 (Call 09/15/30)		2,214		1,747,297
3.28%, 12/15/26 (Call 09/15/26)		3,122		2,972,820
3.85%, 08/10/49 (Call 02/10/49)		3,108		2,412,856
4.20%, 12/15/46 (Call 06/15/46)		3,162		2,585,574
4.50%, 06/15/43		1,928		1,680,195
5.25%, 03/30/33 (Call 12/30/32)		1,900		1,892,582
5.35%, 06/01/33(b)		1,474		1,477,452
5.55%, 05/09/35		2,381		2,411,972
5.95%, 04/01/36		1,355		1,415,281
6.50%, 05/15/67 (Call 05/15/37),
(3-mo. LIBOR US + 2.120%)(a)		2,431		2,447,320
American Equity Investment Life Holding Co.,
5.00%, 06/15/27 (Call 03/15/27)		2,416		2,327,433
American Financial Group Inc./OH
4.50%, 06/15/47 (Call 12/15/46)		965		789,201
5.25%, 04/02/30 (Call 01/02/30)		592		582,801
American International Group Inc.
3.40%, 06/30/30 (Call 03/30/30)		1,725		1,557,014
3.88%, 01/15/35 (Call 07/15/34)		500		439,910
4.20%, 04/01/28 (Call 01/01/28)		2,030		1,971,579
4.38%, 06/30/50 (Call 12/30/49)		4,559		3,911,219
4.50%, 07/16/44 (Call 01/16/44)		1,760		1,554,096
4.75%, 04/01/48 (Call 10/01/47)		5,323		4,861,916
4.80%, 07/10/45 (Call 01/10/45)		4,070		3,727,374
5.13%, 03/27/33 (Call 12/27/32)		3,235		3,189,437
6.25%, 05/01/36		943		978,398
Series A-9, 5.75%, 04/01/48 (Call 04/01/28),
(3-mo. LIBOR US + 2.868%)(a)(b)		3,268		3,208,251
Aon Corp.
2.80%, 05/15/30 (Call 02/15/30)		3,611		3,141,214
3.75%, 05/02/29 (Call 02/02/29)		2,822		2,647,263
4.50%, 12/15/28 (Call 09/15/28)		2,437		2,379,381
6.25%, 09/30/40		1,424		1,508,536
8.21%, 01/01/27		371		399,237
Aon Corp./Aon Global Holdings PLC
2.05%, 08/23/31 (Call 05/23/31)		3,475		2,785,507
2.60%, 12/02/31 (Call 09/02/31)		1,970		1,637,765
2.85%, 05/28/27 (Call 04/28/27)		2,165		2,018,007
2.90%, 08/23/51 (Call 02/23/51)		2,880		1,791,972
3.90%, 02/28/52 (Call 08/28/51)		3,545		2,682,800
5.00%, 09/12/32 (Call 06/12/32)		2,100		2,051,428
5.35%, 02/28/33 (Call 11/28/32)		2,065		2,061,312
Aon Global Ltd.
3.88%, 12/15/25 (Call 09/15/25)		2,751		2,682,205
4.60%, 06/14/44 (Call 03/14/44)		2,662		2,297,938
4.75%, 05/15/45 (Call 11/15/44)		2,404		2,119,111
Aon North America Inc.
5.13%, 03/01/27 (Call 02/01/27)		2,690		2,688,912
5.15%, 03/01/29 (Call 02/01/29)		3,675		3,675,542
5.30%, 03/01/31 (Call 01/01/31)		3,800		3,795,249
5.45%, 03/01/34 (Call 12/01/33)		3,800		3,802,066
5.75%, 03/01/54 (Call 09/01/53)		2,530		2,541,827
Arch Capital Finance LLC
4.01%, 12/15/26 (Call 09/15/26)		2,207		2,131,103
5.03%, 12/15/46 (Call 06/15/46)		1,704		1,566,589
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		4,552		3,353,291
7.35%, 05/01/34		1,945		2,182,041
Arch Capital Group U.S. Inc., 5.14%, 11/01/43		2,485		2,312,500

S C H E D U L E O F I N V E S T M E N T S 59

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Arthur J Gallagher & Co.
2.40%, 11/09/31 (Call 08/09/31)	$	1,980	$	1,603,288
3.05%, 03/09/52 (Call 09/09/51)		2,500		1,585,567
3.50%, 05/20/51 (Call 11/20/50)		3,097		2,150,053
5.45%, 07/15/34 (Call 04/15/34)(b)		370		368,648
5.50%, 03/02/33 (Call 12/02/32)		1,825		1,820,161
5.75%, 03/02/53 (Call 09/02/52)		1,778		1,750,501
5.75%, 07/15/54 (Call 01/15/54)		510		505,605
6.50%, 02/15/34 (Call 11/15/33)		1,080		1,153,842
6.75%, 02/15/54 (Call 08/15/53)		905		1,013,432
Assurant Inc.
2.65%, 01/15/32 (Call 10/15/31)(b)		1,535		1,249,239
3.70%, 02/22/30 (Call 11/22/29)		2,247		2,005,230
4.90%, 03/27/28 (Call 12/27/27)		2,495		2,443,854
Assured Guaranty U.S. Holdings Inc.
3.15%, 06/15/31 (Call 03/15/31)		2,681		2,345,362
3.60%, 09/15/51 (Call 03/15/51)		750		527,442
6.13%, 09/15/28 (Call 08/15/28)		240		247,633
Athene Holding Ltd.
3.45%, 05/15/52 (Call 11/15/51)		2,390		1,555,553
3.50%, 01/15/31 (Call 10/15/30)		2,050		1,782,426
3.95%, 05/25/51 (Call 11/25/50)		2,785		2,031,441
4.13%, 01/12/28 (Call 10/12/27)		4,590		4,395,570
5.88%, 01/15/34 (Call 10/15/33)		2,098		2,083,672
6.15%, 04/03/30 (Call 01/03/30)		1,557		1,602,312
6.65%, 02/01/33 (Call 11/01/32)		2,185		2,286,571
AXA SA, 8.60%, 12/15/30		125		147,908
AXIS Specialty Finance LLC
3.90%, 07/15/29 (Call 04/15/29)(b)		1,694		1,592,512
4.90%, 01/15/40 (Call 01/15/30),
(5-year CMT + 3.186%)(a)		1,501		1,324,672
AXIS Specialty Finance PLC, 4.00%, 12/06/27
(Call 09/06/27)		2,904		2,776,577
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30 (Call 07/15/30)		4,001		3,262,189
1.85%, 03/12/30 (Call 12/12/29)		2,578		2,187,889
2.30%, 03/15/27 (Call 02/15/27)		4,790		4,483,693
2.50%, 01/15/51 (Call 07/15/50)		4,555		2,817,615
2.85%, 10/15/50 (Call 04/15/50)		6,434		4,244,786
2.88%, 03/15/32 (Call 12/15/31)		3,684		3,218,607
3.85%, 03/15/52 (Call 09/15/51)		4,900		3,884,207
4.20%, 08/15/48 (Call 02/15/48)		9,087		7,903,770
4.25%, 01/15/49 (Call 07/15/48)		6,734		5,923,823
4.30%, 05/15/43		4,172		3,730,971
4.40%, 05/15/42		4,453		4,114,921
5.75%, 01/15/40		4,513		4,852,479
Berkshire Hathaway Inc.
3.13%, 03/15/26 (Call 12/15/25)		12,486		12,069,448
4.50%, 02/11/43(b)		5,280		4,976,741
Brighthouse Financial Inc.
3.70%, 06/22/27 (Call 03/22/27)		145		136,727
3.85%, 12/22/51 (Call 06/22/51)		1,290		835,569
4.70%, 06/22/47 (Call 12/22/46)		3,577		2,771,834
5.63%, 05/15/30 (Call 02/15/30)(b)		2,794		2,779,066
Brown & Brown Inc.
2.38%, 03/15/31 (Call 12/15/30)		4,678		3,822,416
4.20%, 03/17/32 (Call 12/17/31)		1,550		1,407,792
4.50%, 03/15/29 (Call 12/15/28)		2,025		1,959,517
4.95%, 03/17/52 (Call 09/17/51)		3,235		2,787,269

Security	Par (000)		Value
Insurance (continued)
Chubb Corp. (The)
6.00%, 05/11/37	$	4,104	$	4,404,462
Series 1, 6.50%, 05/15/38		660		741,562
Chubb INA Holdings Inc.
1.38%, 09/15/30 (Call 06/15/30)		1,690		1,366,184
2.85%, 12/15/51 (Call 06/15/51)		1,280		866,303
3.05%, 12/15/61 (Call 06/15/61)		3,455		2,293,714
3.15%, 03/15/25		4,740		4,634,004
3.35%, 05/03/26 (Call 02/03/26)		2,972		2,865,169
4.15%, 03/13/43		3,450		3,015,836
4.35%, 11/03/45 (Call 05/03/45)		5,775		5,098,695
6.70%, 05/15/36		435		494,666
Cincinnati Financial Corp.
6.13%, 11/01/34		2,349		2,453,911
6.92%, 05/15/28		1,039		1,106,662
CNA Financial Corp.
2.05%, 08/15/30 (Call 05/15/30)		1,060		875,780
3.45%, 08/15/27 (Call 05/15/27)		2,302		2,178,828
3.90%, 05/01/29 (Call 02/01/29)		3,166		2,971,625
4.50%, 03/01/26 (Call 12/01/25)		2,704		2,660,721
5.13%, 02/15/34 (Call 11/15/33)		555		536,234
5.50%, 06/15/33 (Call 03/15/33)		755		759,942
CNO Financial Group Inc.
5.25%, 05/30/25 (Call 02/28/25)		2,201		2,187,690
5.25%, 05/30/29 (Call 02/28/29)		2,435		2,363,989
Corebridge Financial Inc.
3.50%, 04/04/25 (Call 03/04/25)		3,650		3,564,347
3.65%, 04/05/27 (Call 03/05/27)		4,391		4,156,229
3.85%, 04/05/29 (Call 02/05/29)		2,608		2,418,970
3.90%, 04/05/32 (Call 01/05/32)		4,470		3,929,771
4.35%, 04/05/42 (Call 10/05/41)		2,290		1,894,174
4.40%, 04/05/52 (Call 10/05/51)		2,215		1,780,478
5.75%, 01/15/34 (Call 10/15/33)		2,490		2,484,642
6.05%, 09/15/33 (Call 06/15/33)(c)		3,000		3,065,068
6.88%, 12/15/52 (Call 09/15/27),
(5-year CMT + 3.846%)(a)		1,445		1,443,405
Enstar Finance LLC
5.50%, 01/15/42 (Call 01/15/27),
(5-year CMT + 4.006%)(a)		945		859,547
5.75%, 09/01/40 (Call 09/01/25),
(5-year CMT + 5.468%)(a)(b)		50		47,866
Enstar Group Ltd.
3.10%, 09/01/31 (Call 03/01/31)		1,516		1,236,439
4.95%, 06/01/29 (Call 03/01/29)		2,721		2,647,786
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)		5,898		5,682,486
5.00%, 04/20/48 (Call 10/20/47)		5,792		5,252,494
5.59%, 01/11/33 (Call 10/11/32)		2,620		2,638,286
7.00%, 04/01/28		1,049		1,115,244
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		3,728		2,336,171
3.50%, 10/15/50 (Call 04/15/50)		3,819		2,681,829
4.87%, 06/01/44		1,741		1,567,223
F&G Annuities & Life Inc., 7.40%, 01/13/28
(Call 12/13/27)		2,346		2,406,072
Fairfax Financial Holdings Ltd.
3.38%, 03/03/31 (Call 12/03/30)		1,837		1,588,668
4.63%, 04/29/30 (Call 01/29/30)		2,047		1,928,919
4.85%, 04/17/28 (Call 01/17/28)		2,919		2,856,712
5.63%, 08/16/32 (Call 05/16/32)		1,710		1,684,499
6.00%, 12/07/33 (Call 09/07/33)(c)		1,570		1,576,480

60 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Fidelity National Financial Inc.
2.45%, 03/15/31 (Call 12/15/30)	$	3,114	$	2,531,003
3.20%, 09/17/51 (Call 03/17/51)(b)		2,615		1,641,238
3.40%, 06/15/30 (Call 03/15/30)		3,070		2,708,109
4.50%, 08/15/28 (Call 05/15/28)		2,572		2,472,297
First American Financial Corp.
2.40%, 08/15/31 (Call 05/15/31)		2,387		1,870,376
4.00%, 05/15/30 (Call 02/15/30)		1,125		1,002,420
Globe Life Inc.
2.15%, 08/15/30 (Call 05/15/30)		2,872		2,378,767
4.55%, 09/15/28 (Call 06/15/28)		3,555		3,464,833
4.80%, 06/15/32 (Call 03/15/32)		460		442,710
Hanover Insurance Group Inc. (The)
2.50%, 09/01/30 (Call 06/01/30)		2,095		1,739,747
4.50%, 04/15/26 (Call 01/15/26)		2,467		2,419,773
Hartford Financial Services Group Inc. (The)
2.80%, 08/19/29 (Call 05/19/29)		3,140		2,804,836
2.90%, 09/15/51 (Call 03/15/51)		2,230		1,429,199
3.60%, 08/19/49 (Call 02/19/49)		3,016		2,269,690
4.30%, 04/15/43		1,876		1,601,894
4.40%, 03/15/48 (Call 09/15/47)		1,853		1,600,254
5.95%, 10/15/36		1,355		1,401,019
6.10%, 10/01/41		2,344		2,442,237
Horace Mann Educators Corp., 7.25%,
09/15/28 (Call 08/15/28)		70		74,945
Jackson Financial Inc.
3.13%, 11/23/31 (Call 08/23/31)		2,395		1,983,094
4.00%, 11/23/51 (Call 05/23/51)		1,420		1,014,061
5.17%, 06/08/27 (Call 05/08/27)(b)		2,290		2,279,235
5.67%, 06/08/32 (Call 03/08/32)(b)		910		907,859
Kemper Corp.
2.40%, 09/30/30 (Call 06/30/30)		2,205		1,737,242
3.80%, 02/23/32 (Call 11/23/31)		1,450		1,216,900
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)(b)		2,036		1,782,181
3.35%, 03/09/25(b)		1,478		1,442,222
3.40%, 01/15/31 (Call 10/15/30)(b)		2,314		2,025,644
3.40%, 03/01/32 (Call 12/01/31)		384		325,934
3.63%, 12/12/26 (Call 09/15/26)(b)		1,763		1,683,151
3.80%, 03/01/28 (Call 12/01/27)(b)		2,249		2,139,473
4.35%, 03/01/48 (Call 09/01/47)		1,838		1,423,457
4.38%, 06/15/50 (Call 12/15/49)		1,287		993,475
6.30%, 10/09/37		1,160		1,189,970
7.00%, 06/15/40(b)		1,963		2,140,435
Loews Corp.
3.20%, 05/15/30 (Call 02/15/30)		2,950		2,661,294
3.75%, 04/01/26 (Call 01/01/26)		4,002		3,891,021
4.13%, 05/15/43 (Call 11/15/42)		3,517		2,978,522
6.00%, 02/01/35		347		368,088
Manulife Financial Corp.
2.48%, 05/19/27 (Call 03/19/27)		2,920		2,711,148
3.70%, 03/16/32 (Call 12/16/31)(b)		2,590		2,359,987
4.06%, 02/24/32 (Call 02/24/27),
(5-year USD ICE Swap + 1.647%)(a)		3,463		3,300,557
4.15%, 03/04/26		5,766		5,651,362
5.38%, 03/04/46		2,018		1,975,118
Markel Group Inc.
3.35%, 09/17/29 (Call 06/17/29)		2,310		2,080,947
3.45%, 05/07/52 (Call 11/07/51)		2,620		1,797,749
3.50%, 11/01/27 (Call 08/01/27)		2,107		1,984,630
4.15%, 09/17/50 (Call 03/17/50)		2,466		1,946,869

Security	Par (000)		Value
Insurance (continued)
4.30%, 11/01/47 (Call 05/01/47)	$	1,721	$	1,369,117
5.00%, 04/05/46		2,140		1,907,122
5.00%, 05/20/49 (Call 11/20/48)		1,845		1,671,871
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		3,650		3,077,601
2.38%, 12/15/31 (Call 09/15/31)		405		336,428
2.90%, 12/15/51 (Call 06/15/51)		915		586,384
3.50%, 03/10/25 (Call 12/10/24)		4,419		4,340,288
3.75%, 03/14/26 (Call 12/14/25)		4,449		4,340,517
4.20%, 03/01/48 (Call 09/01/47)		3,075		2,559,895
4.35%, 01/30/47 (Call 07/30/46)		2,692		2,283,711
4.38%, 03/15/29 (Call 12/15/28)		6,727		6,578,674
4.75%, 03/15/39 (Call 09/15/38)		2,513		2,365,893
4.90%, 03/15/49 (Call 09/15/48)		5,521		5,105,248
5.15%, 03/15/34 (Call 12/15/33)		1,325		1,320,141
5.40%, 09/15/33 (Call 06/15/33)		2,245		2,284,227
5.45%, 03/15/53 (Call 09/15/52)		1,070		1,066,551
5.45%, 03/15/54 (Call 09/15/53)		1,325		1,316,671
5.70%, 09/15/53 (Call 03/15/53)		4,495		4,655,481
5.75%, 11/01/32 (Call 08/01/32)		1,335		1,394,143
5.88%, 08/01/33		1,415		1,493,520
6.25%, 11/01/52 (Call 05/01/52)		825		911,723
Mercury General Corp., 4.40%, 03/15/27
(Call 12/15/26)		2,520		2,406,491
MetLife Inc.
3.00%, 03/01/25		3,873		3,786,026
3.60%, 11/13/25 (Call 08/13/25)		3,083		3,007,659
4.05%, 03/01/45		5,346		4,414,222
4.13%, 08/13/42		4,403		3,723,124
4.55%, 03/23/30 (Call 12/23/29)		5,382		5,266,993
4.60%, 05/13/46 (Call 11/13/45)		2,509		2,241,958
4.72%, 12/15/44		3,106		2,764,072
4.88%, 11/13/43		3,535		3,247,990
5.00%, 07/15/52 (Call 01/15/52)		2,650		2,472,355
5.25%, 01/15/54 (Call 07/15/53)		3,700		3,577,522
5.38%, 07/15/33 (Call 04/15/33)		2,895		2,910,734
5.70%, 06/15/35		5,668		5,866,920
5.88%, 02/06/41		4,057		4,234,495
6.38%, 06/15/34		1,986		2,139,380
6.40%, 12/15/66 (Call 12/15/31)		4,747		4,825,382
6.50%, 12/15/32(b)		2,215		2,419,029
10.75%, 08/01/69 (Call 08/01/34)(b)		2,202		2,997,261
MGIC Investment Corp., 5.25%, 08/15/28 (Call 03/18/24)		90		86,968
Munich Re America Corp., Series B, 7.45%, 12/15/26		235		248,997
Nationwide Financial Services Inc., 6.75%, 05/15/87		514		511,234
Old Republic International Corp.
3.85%, 06/11/51 (Call 12/11/50)		2,164		1,566,558
3.88%, 08/26/26 (Call 07/26/26)		3,151		3,048,633
PartnerRe Finance B LLC
3.70%, 07/02/29 (Call 04/02/29)(b)		3,261		3,059,060
4.50%, 10/01/50 (Call 04/01/30),
(5-year CMT + 3.815%)(a)		277		248,151
Primerica Inc., 2.80%, 11/19/31 (Call 08/19/31)		1,983		1,645,769
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/15/30)		3,119		2,594,535
3.10%, 11/15/26 (Call 08/15/26)		2,655		2,519,044
3.40%, 05/15/25 (Call 02/15/25)		2,869		2,802,122

S C H E D U L E O F I N V E S T M E N T S 61

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
3.70%, 05/15/29 (Call 02/15/29)	$	1,710	$	1,595,121
4.30%, 11/15/46 (Call 05/15/46)		1,709		1,415,306
4.35%, 05/15/43(b)		1,788		1,553,899
4.63%, 09/15/42		1,056		946,528
5.38%, 03/15/33 (Call 12/15/32)		905		911,951
5.50%, 03/15/53 (Call 09/15/52)		1,525		1,490,950
6.05%, 10/15/36		1,990		2,093,525
Progressive Corp. (The)
2.45%, 01/15/27		2,501		2,333,632
2.50%, 03/15/27 (Call 02/15/27)		3,145		2,927,877
3.00%, 03/15/32 (Call 12/15/31)		1,380		1,193,865
3.20%, 03/26/30 (Call 12/26/29)		3,256		2,941,472
3.70%, 01/26/45		807		652,801
3.70%, 03/15/52 (Call 09/15/51)		1,620		1,259,569
3.95%, 03/26/50 (Call 09/26/49)		2,144		1,745,445
4.00%, 03/01/29 (Call 12/01/28)		2,172		2,089,250
4.13%, 04/15/47 (Call 10/15/46)		5,658		4,751,658
4.20%, 03/15/48 (Call 09/15/47)		1,925		1,654,776
4.35%, 04/25/44		928		821,370
4.95%, 06/15/33 (Call 03/15/33)		1,620		1,608,605
6.25%, 12/01/32		1,756		1,906,254
6.63%, 03/01/29		1,276		1,369,759
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		2,706		2,521,114
2.10%, 03/10/30 (Call 12/10/29)(b)		3,845		3,287,935
3.00%, 03/10/40 (Call 09/10/39)		2,507		1,868,752
3.70%, 10/01/50 (Call 07/01/30),
(5-year CMT + 3.035%)(a)		955		832,731
3.70%, 03/13/51 (Call 09/13/50)		6,409		4,865,839
3.88%, 03/27/28 (Call 12/27/27)		2,592		2,490,316
3.91%, 12/07/47 (Call 06/07/47)		4,166		3,288,539
3.94%, 12/07/49 (Call 06/07/49)		4,311		3,378,766
4.35%, 02/25/50 (Call 08/25/49)		4,227		3,574,119
4.42%, 03/27/48 (Call 09/27/47)		2,003		1,709,779
4.50%, 09/15/47 (Call 09/15/27),
(3-mo. LIBOR US + 2.380%)(a)(b)		3,150		2,949,158
4.60%, 05/15/44		3,536		3,147,799
5.13%, 03/01/52 (Call 11/28/31),
(5-year CMT + 3.162%)(a)		1,500		1,401,555
5.38%, 05/15/45 (Call 05/15/25),
(3-mo. LIBOR US + 3.031%)(a)		4,102		4,039,340
5.70%, 12/14/36		4,184		4,317,185
5.70%, 09/15/48 (Call 09/15/28),
(3-mo. LIBOR US + 2.665%)(a)		3,898		3,807,636
5.75%, 07/15/33		1,107		1,161,518
6.00%, 09/01/52 (Call 06/01/32),
(5-year CMT + 3.234%)(a)		726		723,672
6.63%, 12/01/37		1,311		1,457,973
6.63%, 06/21/40		1,630		1,798,469
6.75%, 03/01/53 (Call 12/01/32),
(5-year CMT + 2.848%)(a)(b)		535		555,861
Prudential Funding Asia PLC
3.13%, 04/14/30		2,836		2,528,473
3.63%, 03/24/32 (Call 12/24/31)		2,230		1,993,207
Reinsurance Group of America Inc.
3.15%, 06/15/30 (Call 03/15/30)		2,611		2,307,841
3.90%, 05/15/29 (Call 02/15/29)		3,263		3,078,388
3.95%, 09/15/26 (Call 06/15/26)		2,532		2,476,111
6.00%, 09/15/33 (Call 06/15/33)		1,346		1,380,155

Security	Par (000)		Value
Insurance (continued)
RenaissanceRe Finance Inc.
3.45%, 07/01/27 (Call 04/01/27)(b)	$	2,783	$	2,617,809
3.70%, 04/01/25 (Call 01/01/25)		445		435,865
RenaissanceRe Holdings Ltd.
3.60%, 04/15/29 (Call 01/15/29)		2,445		2,253,327
5.75%, 06/05/33 (Call 03/05/33)		3,490		3,516,416
Selective Insurance Group Inc., 5.38%, 03/01/49 (Call 09/01/48)		340		321,864
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31)		2,880		2,237,639
Transatlantic Holdings Inc., 8.00%, 11/30/39		1,983		2,533,694
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		2,956		1,840,065
3.05%, 06/08/51 (Call 12/08/50)		3,544		2,423,181
3.75%, 05/15/46 (Call 11/15/45)		1,925		1,526,167
4.00%, 05/30/47 (Call 11/30/46)		3,594		2,963,718
4.05%, 03/07/48 (Call 09/07/47)		2,576		2,159,422
4.10%, 03/04/49 (Call 09/04/48)		2,396		2,013,773
4.30%, 08/25/45 (Call 02/25/45)		2,491		2,170,941
4.60%, 08/01/43		1,340		1,244,714
5.35%, 11/01/40		3,607		3,646,571
5.45%, 05/25/53 (Call 11/25/52)		1,465		1,494,409
6.25%, 06/15/37		3,478		3,821,954
6.75%, 06/20/36		1,802		2,054,576
Travelers Property Casualty Corp., 6.38%, 03/15/33		2,183		2,422,562
Trinity Acquisition PLC, 4.40%, 03/15/26
(Call 12/15/25)		2,543		2,491,910
Unum Group
4.00%, 06/15/29 (Call 03/15/29)		2,031		1,906,376
4.13%, 06/15/51 (Call 12/15/50)		2,000		1,467,833
4.50%, 12/15/49 (Call 06/15/49)		745		590,483
5.75%, 08/15/42		2,380		2,310,667
W R Berkley Corp.
3.15%, 09/30/61 (Call 03/30/61)		810		485,633
3.55%, 03/30/52 (Call 09/30/51)		963		664,836
4.00%, 05/12/50 (Call 11/12/49)		2,526		1,944,625
4.75%, 08/01/44		2,168		1,880,557
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)		3,184		2,829,297
3.88%, 09/15/49 (Call 03/15/49)		3,015		2,235,213
4.50%, 09/15/28 (Call 06/15/28)		2,908		2,806,055
4.65%, 06/15/27 (Call 05/15/27)		4,048		3,972,762
5.05%, 09/15/48 (Call 03/15/48)		2,065		1,848,786
5.35%, 05/15/33 (Call 02/15/33)		1,475		1,451,918
5.90%, 03/05/54 (Call 09/05/53)		2,850		2,846,341
XL Group Ltd., 5.25%, 12/15/43		2,010		1,877,531
				781,191,268
Internet — 0.4%
Alibaba Group Holding Ltd.
2.13%, 02/09/31 (Call 11/09/30)(b)		3,700		3,060,583
2.70%, 02/09/41 (Call 08/09/40)		2,625		1,808,713
3.15%, 02/09/51 (Call 08/09/50)		7,410		4,890,468
3.25%, 02/09/61 (Call 08/09/60)(b)		3,873		2,443,770
3.40%, 12/06/27 (Call 09/06/27)		11,444		10,802,737
4.00%, 12/06/37 (Call 06/06/37)		4,415		3,806,868
4.20%, 12/06/47 (Call 06/06/47)		7,945		6,462,162
4.40%, 12/06/57 (Call 06/06/57)		3,960		3,236,476
4.50%, 11/28/34 (Call 05/28/34)		3,382		3,167,189
Alphabet Inc.
0.45%, 08/15/25 (Call 07/15/25)		4,003		3,763,779

62 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Internet (continued)
0.80%, 08/15/27 (Call 06/15/27)	$	5,495	$	4,854,348
1.10%, 08/15/30 (Call 05/15/30)		9,274		7,502,702
1.90%, 08/15/40 (Call 02/15/40)		5,643		3,731,644
2.00%, 08/15/26 (Call 05/15/26)		9,801		9,204,625
2.05%, 08/15/50 (Call 02/15/50)		10,808		6,383,996
2.25%, 08/15/60 (Call 02/15/60)(b)		5,335		3,062,821
Amazon.com Inc.
0.80%, 06/03/25 (Call 05/03/25)		2,960		2,811,107
1.00%, 05/12/26 (Call 04/12/26)		10,790		9,930,900
1.20%, 06/03/27 (Call 04/03/27)		2,558		2,287,074
1.50%, 06/03/30 (Call 03/03/30)		8,795		7,271,922
1.65%, 05/12/28 (Call 03/12/28)		10,900		9,674,341
2.10%, 05/12/31 (Call 02/12/31)		10,975		9,209,870
2.50%, 06/03/50 (Call 12/03/49)		8,776		5,505,137
2.70%, 06/03/60 (Call 12/03/59)		8,030		4,935,639
2.88%, 05/12/41 (Call 11/12/40)		9,259		6,952,210
3.00%, 04/13/25		830		811,024
3.10%, 05/12/51 (Call 11/12/50)		12,200		8,574,232
3.15%, 08/22/27 (Call 05/22/27)		14,708		13,957,810
3.25%, 05/12/61 (Call 11/12/60)		6,765		4,662,060
3.30%, 04/13/27 (Call 03/13/27)		6,450		6,182,414
3.45%, 04/13/29 (Call 02/13/29)		4,535		4,295,436
3.60%, 04/13/32 (Call 01/13/32)(b)		7,770		7,162,705
3.88%, 08/22/37 (Call 02/22/37)		12,107		10,822,538
3.95%, 04/13/52 (Call 10/13/51)		9,720		8,032,596
4.05%, 08/22/47 (Call 02/22/47)		12,892		11,025,674
4.10%, 04/13/62 (Call 10/13/61)		4,818		3,982,155
4.25%, 08/22/57 (Call 02/22/57)		8,201		7,035,903
4.55%, 12/01/27 (Call 11/01/27)		2,625		2,616,196
4.60%, 12/01/25		5,285		5,260,619
4.65%, 12/01/29 (Call 10/01/29)		4,490		4,492,376
4.70%, 12/01/32 (Call 09/01/32)		7,215		7,180,867
4.80%, 12/05/34 (Call 06/05/34)		5,547		5,545,435
4.95%, 12/05/44 (Call 06/05/44)		5,448		5,374,737
5.20%, 12/03/25 (Call 09/03/25)		4,205		4,223,662
Baidu Inc.
1.63%, 02/23/27 (Call 01/23/27)		1,524		1,376,362
1.72%, 04/09/26 (Call 03/09/26)		520		482,807
2.38%, 08/23/31 (Call 05/23/31)(b)		760		626,901
3.08%, 04/07/25 (Call 03/07/25)(b)		545		530,221
3.43%, 04/07/30 (Call 01/07/30)		1,425		1,290,574
3.63%, 07/06/27		1,964		1,870,159
4.13%, 06/30/25		2,421		2,375,045
4.38%, 03/29/28 (Call 12/29/27)(b)		2,260		2,205,084
4.88%, 11/14/28 (Call 08/14/28)		1,965		1,951,431
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		3,874		3,686,541
3.60%, 06/01/26 (Call 03/01/26)		4,756		4,609,162
3.65%, 03/15/25 (Call 12/15/24)		3,126		3,073,951
4.63%, 04/13/30 (Call 01/13/30)		7,514		7,383,907
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)		5,140		4,739,551
1.90%, 03/11/25 (Call 02/11/25)		4,092		3,948,587
2.60%, 05/10/31 (Call 02/10/31)		3,245		2,750,491
2.70%, 03/11/30 (Call 12/11/29)		4,195		3,665,253
3.60%, 06/05/27 (Call 03/05/27)		4,835		4,617,716
3.65%, 05/10/51 (Call 11/10/50)		3,925		2,838,425
4.00%, 07/15/42 (Call 01/15/42)		4,796		3,804,803
5.90%, 11/22/25 (Call 10/22/25)		745		750,933
5.95%, 11/22/27 (Call 10/22/27)(b)		1,535		1,577,360
6.30%, 11/22/32 (Call 08/22/32)		1,780		1,887,698

Security	Par (000)		Value
Internet (continued)
Expedia Group Inc.
2.95%, 03/15/31 (Call 12/15/30)(b)	$	2,403	$	2,057,172
3.25%, 02/15/30 (Call 11/15/29)		5,354		4,771,002
3.80%, 02/15/28 (Call 11/15/27)		2,944		2,784,856
4.63%, 08/01/27 (Call 05/01/27)		1,481		1,449,283
5.00%, 02/15/26 (Call 11/15/25)		4,072		4,044,581
JD.com Inc.
3.38%, 01/14/30 (Call 10/14/29)(b)		2,265		2,043,548
3.88%, 04/29/26		885		858,292
4.13%, 01/14/50 (Call 07/14/49)		1,900		1,480,777
Meta Platforms Inc.
3.50%, 08/15/27 (Call 07/15/27)		13,640		13,077,783
3.85%, 08/15/32 (Call 05/15/32)		13,310		12,328,329
4.45%, 08/15/52 (Call 02/15/52)		10,445		9,128,844
4.60%, 05/15/28 (Call 04/15/28)		4,055		4,038,978
4.65%, 08/15/62 (Call 02/15/62)		5,850		5,159,765
4.80%, 05/15/30 (Call 03/15/30)		3,915		3,914,080
4.95%, 05/15/33 (Call 02/15/33)		4,705		4,708,359
5.60%, 05/15/53 (Call 11/15/52)		8,770		9,083,683
5.75%, 05/15/63 (Call 11/15/62)		4,305		4,507,111
Netflix Inc.
4.38%, 11/15/26		1,340		1,318,269
4.88%, 04/15/28		2,615		2,610,634
5.88%, 11/15/28		2,030		2,103,136
6.38%, 05/15/29		690		733,316
Tencent Music Entertainment Group
1.38%, 09/03/25 (Call 08/03/25)		2,034		1,912,959
2.00%, 09/03/30 (Call 06/03/30)		3,361		2,735,907
VeriSign Inc.
2.70%, 06/15/31 (Call 03/15/31)		4,025		3,345,760
4.75%, 07/15/27 (Call 04/01/24)		3,565		3,494,862
5.25%, 04/01/25 (Call 01/01/25)		2,475		2,464,865
Weibo Corp., 3.38%, 07/08/30
(Call 04/08/30)(b)		3,919		3,363,092
				429,561,725
Iron & Steel — 0.1%
ArcelorMittal SA
4.25%, 07/16/29		2,567		2,431,089
4.55%, 03/11/26		3,030		2,984,254
6.55%, 11/29/27 (Call 10/29/27)		5,075		5,281,274
6.75%, 03/01/41		2,305		2,365,020
6.80%, 11/29/32 (Call 08/29/32)		3,565		3,771,672
7.00%, 10/15/39		2,550		2,718,796
Nucor Corp.
2.00%, 06/01/25 (Call 05/01/25)		3,627		3,479,828
2.70%, 06/01/30 (Call 03/01/30)(b)		3,074		2,709,130
2.98%, 12/15/55 (Call 06/15/55)		5,652		3,633,848
3.13%, 04/01/32 (Call 01/01/32)		545		475,825
3.85%, 04/01/52 (Call 09/01/51)		2,690		2,114,843
3.95%, 05/23/25		3,165		3,115,802
3.95%, 05/01/28 (Call 02/01/28)		1,583		1,529,543
4.30%, 05/23/27 (Call 04/23/27)		3,885		3,796,151
4.40%, 05/01/48 (Call 11/01/47)		444		389,660
5.20%, 08/01/43 (Call 02/01/43)		1,080		1,055,039
6.40%, 12/01/37		718		785,245
Reliance Inc.
1.30%, 08/15/25 (Call 07/15/25)		3,588		3,367,748
2.15%, 08/15/30 (Call 05/15/30)		545		452,180
Steel Dynamics Inc.
1.65%, 10/15/27 (Call 08/15/27)		1,030		915,526
2.40%, 06/15/25 (Call 05/15/25)		3,595		3,453,425

S C H E D U L E O F I N V E S T M E N T S 63

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Iron & Steel (continued)
3.25%, 01/15/31 (Call 10/15/30)	$	2,521	$	2,234,074
3.25%, 10/15/50 (Call 04/15/50)		2,179		1,427,080
3.45%, 04/15/30 (Call 01/15/30)		2,234		2,030,183
5.00%, 12/15/26 (Call 04/01/24)		3,518		3,489,267
Vale Overseas Ltd.
3.75%, 07/08/30 (Call 04/08/30)		4,764		4,286,559
6.13%, 06/12/33 (Call 03/12/33)		1,440		1,453,743
6.25%, 08/10/26(b)		660		670,308
6.88%, 11/21/36		5,572		5,962,846
6.88%, 11/10/39(b)		3,620		3,870,851
8.25%, 01/17/34(b)		580		680,651
Vale SA, 5.63%, 09/11/42(b)		1,176		1,149,467
				78,080,927
Leisure Time — 0.0%
Brunswick Corp.
2.40%, 08/18/31 (Call 05/18/31)(b)		1,994		1,569,006
4.40%, 09/15/32 (Call 06/15/32)(b)		2,190		1,953,317
5.10%, 04/01/52 (Call 10/01/51)(b)		1,580		1,248,873
Harley-Davidson Inc.
3.50%, 07/28/25 (Call 04/28/25)		2,605		2,528,786
4.63%, 07/28/45 (Call 01/28/45)		1,524		1,202,113
Polaris Inc., 6.95%, 03/15/29 (Call 02/15/29)		370		390,113
				8,892,208
Lodging — 0.1%
Choice Hotels International Inc.
3.70%, 12/01/29 (Call 09/01/29)		2,171		1,902,731
3.70%, 01/15/31 (Call 10/15/30)		1,930		1,658,281
Hyatt Hotels Corp.
4.38%, 09/15/28 (Call 06/15/28)		2,735		2,625,161
4.85%, 03/15/26 (Call 12/15/25)		3,098		3,061,784
5.38%, 04/23/25 (Call 03/23/25)		2,503		2,497,794
5.75%, 01/30/27 (Call 12/30/26)		1,795		1,816,491
5.75%, 04/23/30 (Call 01/23/30)		2,282		2,325,370
Las Vegas Sands Corp., 3.90%, 08/08/29
(Call 05/08/29)		60		54,296
Marriott International Inc./MD
3.75%, 03/15/25 (Call 12/15/24)		1,406		1,379,737
3.75%, 10/01/25 (Call 07/01/25)		1,735		1,690,513
4.88%, 05/15/29 (Call 04/15/29)		765		754,738
4.90%, 04/15/29 (Call 03/15/29)		720		711,211
5.00%, 10/15/27 (Call 09/15/27)		3,290		3,278,978
5.30%, 05/15/34 (Call 02/15/34)		885		871,054
5.45%, 09/15/26 (Call 08/15/26)		535		537,255
5.55%, 10/15/28 (Call 09/15/28)		2,605		2,650,142
Series AA, 4.65%, 12/01/28
(Call 09/01/28)(b)		2,509		2,457,110
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		3,836		3,849,716
Series FF, 4.63%, 06/15/30 (Call 03/15/30)		5,357		5,183,754
Series GG, 3.50%, 10/15/32
(Call 07/15/32)		2,549		2,223,288
Series HH, 2.85%, 04/15/31 (Call 01/15/31)		831		709,266
Series II, 2.75%, 10/15/33 (Call 07/15/33)(b)		3,905		3,143,416
Series R, 3.13%, 06/15/26 (Call 03/15/26)		4,438		4,236,140
Series X, 4.00%, 04/15/28 (Call 01/15/28)		1,744		1,669,157
Sands China Ltd.
2.55%, 03/08/27 (Call 02/08/27)		2,320		2,083,403
3.10%, 03/08/29 (Call 01/08/29)		2,420		2,084,595
3.25%, 08/08/31 (Call 05/08/31)		2,490		2,065,564
4.05%, 01/08/26 (Call 12/08/25)		1,205		1,155,303
4.63%, 06/18/30 (Call 03/18/30)		2,915		2,651,517

Security	Par (000)		Value
Lodging (continued)
5.13%, 08/08/25 (Call 06/08/25)	$	395	$	389,010
5.40%, 08/08/28 (Call 05/08/28)		3,160		3,071,533
				64,788,308
Machinery — 0.3%
ABB Finance USA Inc.
3.80%, 04/03/28 (Call 01/03/28)		800		777,813
4.38%, 05/08/42		280		251,307
Caterpillar Financial Services Corp.
0.80%, 11/13/25		1,164		1,085,029
0.90%, 03/02/26		1,875		1,730,765
1.10%, 09/14/27		2,256		1,987,897
1.15%, 09/14/26		3,190		2,907,946
1.45%, 05/15/25		1,200		1,147,616
1.70%, 01/08/27		4,165		3,829,814
2.40%, 08/09/26(b)		2,484		2,342,059
3.40%, 05/13/25		330		323,009
3.60%, 08/12/27		3,705		3,566,719
3.65%, 08/12/25		3,730		3,654,943
4.35%, 05/15/26		4,350		4,296,796
4.50%, 01/08/27		1,455		1,444,702
4.80%, 01/06/26		1,180		1,176,960
4.85%, 02/27/29		1,925		1,926,635
5.05%, 02/27/26		2,390		2,391,016
5.15%, 08/11/25(b)		5,629		5,628,273
5.40%, 03/10/25		395		395,874
Caterpillar Inc.
1.90%, 03/12/31 (Call 12/12/30)		985		826,526
2.60%, 09/19/29 (Call 06/19/29)		2,936		2,643,083
2.60%, 04/09/30 (Call 01/09/30)		4,200		3,731,514
3.25%, 09/19/49 (Call 03/19/49)		5,029		3,701,369
3.25%, 04/09/50 (Call 10/09/49)		5,407		3,997,021
3.80%, 08/15/42		7,768		6,481,857
4.30%, 05/15/44 (Call 11/15/43)		2,212		1,997,892
4.75%, 05/15/64 (Call 11/15/63)		1,968		1,779,570
5.20%, 05/27/41		1,921		1,940,881
5.30%, 09/15/35(b)		655		685,665
6.05%, 08/15/36		2,278		2,495,446
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		1,900		1,737,296
1.88%, 01/15/26 (Call 12/15/25)		1,940		1,818,190
3.95%, 05/23/25		2,115		2,075,070
4.55%, 04/10/28 (Call 03/10/28)		2,945		2,881,303
5.45%, 10/14/25		1,920		1,920,183
5.50%, 01/12/29 (Call 12/12/28)		1,850		1,874,564
CNH Industrial NV, 3.85%, 11/15/27
(Call 08/15/27)		3,220		3,089,591
Deere & Co.
2.75%, 04/15/25 (Call 03/15/25)		3,105		3,023,806
2.88%, 09/07/49 (Call 03/07/49)		3,085		2,146,764
3.10%, 04/15/30 (Call 01/15/30)		3,636		3,308,227
3.75%, 04/15/50 (Call 10/15/49)		4,386		3,590,524
3.90%, 06/09/42 (Call 12/09/41)		4,849		4,137,839
5.38%, 10/16/29		2,390		2,467,648
7.13%, 03/03/31(b)		775		884,842
Dover Corp.
2.95%, 11/04/29 (Call 08/04/29)		2,280		2,033,826
3.15%, 11/15/25 (Call 08/15/25)		2,246		2,165,771
5.38%, 10/15/35		192		195,253
5.38%, 03/01/41 (Call 12/01/40)		1,950		1,917,963

64 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
Flowserve Corp.
2.80%, 01/15/32 (Call 10/15/31)	$	2,270	$	1,855,622
3.50%, 10/01/30 (Call 07/01/30)		2,328		2,047,812
IDEX Corp.
2.63%, 06/15/31 (Call 03/15/31)		2,310		1,946,926
3.00%, 05/01/30 (Call 02/01/30)		1,769		1,544,570
John Deere Capital Corp.
0.70%, 01/15/26		3,870		3,582,443
1.05%, 06/17/26		2,220		2,035,119
1.30%, 10/13/26		2,210		2,019,138
1.45%, 01/15/31		3,205		2,587,024
1.50%, 03/06/28		2,177		1,917,375
1.70%, 01/11/27		2,470		2,263,052
1.75%, 03/09/27		2,486		2,273,018
2.00%, 06/17/31		2,514		2,078,065
2.13%, 03/07/25		685		664,554
2.25%, 09/14/26		2,386		2,233,572
2.35%, 03/08/27(b)		1,208		1,125,579
2.45%, 01/09/30		2,951		2,593,135
2.65%, 06/10/26		1,409		1,342,913
2.80%, 09/08/27		2,722		2,547,120
2.80%, 07/18/29		3,421		3,109,614
3.05%, 01/06/28		1,160		1,094,392
3.35%, 04/18/29		2,660		2,496,199
3.40%, 06/06/25		2,600		2,547,460
3.40%, 09/11/25		1,805		1,762,455
3.45%, 03/13/25		4,298		4,221,119
3.45%, 03/07/29		3,134		2,955,304
3.90%, 06/07/32		740		689,612
4.05%, 09/08/25		2,675		2,637,423
4.15%, 09/15/27		3,205		3,140,979
4.35%, 09/15/32		2,730		2,640,463
4.50%, 01/08/27		2,150		2,132,550
4.50%, 01/16/29		2,110		2,079,339
4.70%, 06/10/30		2,300		2,281,608
4.75%, 06/08/26		2,390		2,382,841
4.75%, 01/20/28		1,295		1,293,774
4.80%, 01/09/26		1,905		1,900,127
4.85%, 10/11/29		1,940		1,950,175
4.90%, 03/03/28		160		160,777
4.95%, 06/06/25		2,145		2,141,777
4.95%, 07/14/28		1,595		1,604,134
5.05%, 03/03/26		555		556,342
5.15%, 03/03/25		305		305,194
nVent Finance Sarl
2.75%, 11/15/31 (Call 08/15/31)		1,653		1,347,593
4.55%, 04/15/28 (Call 01/15/28)(b)		2,704		2,606,996
5.65%, 05/15/33 (Call 02/15/33)		1,495		1,493,633
Oshkosh Corp.
3.10%, 03/01/30 (Call 12/01/29)		1,111		980,391
4.60%, 05/15/28 (Call 02/15/28)		2,238		2,176,191
Otis Worldwide Corp.
2.06%, 04/05/25 (Call 03/05/25)		5,349		5,152,287
2.29%, 04/05/27 (Call 02/05/27)		2,028		1,873,961
2.57%, 02/15/30 (Call 11/15/29)		6,936		6,040,799
3.11%, 02/15/40 (Call 08/15/39)		4,773		3,629,101
3.36%, 02/15/50 (Call 08/15/49)		3,056		2,210,291
5.25%, 08/16/28 (Call 07/16/28)		1,985		2,002,004
Rockwell Automation Inc.
1.75%, 08/15/31 (Call 05/15/31)		1,855		1,489,961
2.80%, 08/15/61 (Call 02/15/61)		2,168		1,295,457

Security	Par (000)		Value
Machinery (continued)
2.88%, 03/01/25 (Call 12/01/24)	$	1,417	$	1,384,563
3.50%, 03/01/29 (Call 12/01/28)		2,038		1,941,947
4.20%, 03/01/49 (Call 09/01/48)		2,973		2,533,183
Westinghouse Air Brake Technologies Corp.
3.20%, 06/15/25 (Call 05/15/25)		2,434		2,360,650
3.45%, 11/15/26 (Call 08/15/26)		4,273		4,063,052
4.70%, 09/15/28 (Call 06/15/28)		6,285		6,130,891
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)		3,327		2,972,581
2.25%, 01/30/31 (Call 10/30/30)		2,913		2,440,545
3.25%, 11/01/26 (Call 08/01/26)		3,303		3,153,333
4.38%, 11/01/46 (Call 05/01/46)		1,385		1,171,739
				255,606,501
Machinery - Diversified — 0.0%
Ingersoll Rand Inc.
5.40%, 08/14/28 (Call 07/14/28)		555		559,175
5.70%, 08/14/33 (Call 05/14/33)		670		681,890
John Deere Capital Corp.
5.15%, 09/08/26		885		890,469
5.15%, 09/08/33		935		951,125
5.30%, 09/08/25		1,935		1,943,529
Nordson Corp.
5.60%, 09/15/28 (Call 08/15/28)		750		762,033
5.80%, 09/15/33 (Call 06/15/33)		1,165		1,203,094
Westinghouse Air Brake Technologies Corp.,
5.61%, 03/11/34 (Call 12/11/33)		385		386,587
				7,377,902
Manufacturing — 0.1%
3M Co.
2.25%, 09/19/26 (Call 06/19/26)(b)		3,320		3,092,478
2.38%, 08/26/29 (Call 05/26/29)		4,590		3,981,703
2.65%, 04/15/25 (Call 03/15/25)(b)		2,285		2,213,347
2.88%, 10/15/27 (Call 07/15/27)(b)		4,178		3,868,687
3.00%, 08/07/25(b)		2,008		1,945,421
3.05%, 04/15/30 (Call 01/15/30)(b)		2,855		2,532,600
3.13%, 09/19/46 (Call 03/19/46)(b)		2,107		1,454,978
3.25%, 08/26/49 (Call 02/26/49)(b)		4,283		2,949,910
3.38%, 03/01/29 (Call 12/01/28)		4,038		3,718,688
3.63%, 09/14/28 (Call 06/14/28)(b)		3,280		3,094,922
3.63%, 10/15/47 (Call 04/15/47)		2,241		1,622,019
3.70%, 04/15/50 (Call 10/15/49)		2,777		2,053,022
3.88%, 06/15/44		1,620		1,271,495
4.00%, 09/14/48 (Call 03/14/48)(b)		4,645		3,746,121
5.70%, 03/15/37(b)		2,272		2,370,089
Carlisle Companies Inc.
2.20%, 03/01/32 (Call 12/01/31)		1,300		1,028,233
2.75%, 03/01/30 (Call 12/01/29)		3,859		3,356,335
3.75%, 12/01/27 (Call 09/01/27)		1,915		1,819,861
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)		3,092		2,922,223
3.92%, 09/15/47 (Call 03/15/47)(b)		2,509		2,052,709
4.00%, 11/02/32		3,669		3,437,602
4.15%, 03/15/33 (Call 12/15/32)		3,295		3,103,839
4.15%, 11/02/42		3,229		2,803,133
4.35%, 05/18/28 (Call 04/18/28)		785		773,079
4.70%, 08/23/52 (Call 02/23/52)(b)		1,705		1,573,100
GE Capital Funding LLC, 4.55%, 05/15/32 (Call 02/15/32)		4,067		3,906,085

S C H E D U L E O F I N V E S T M E N T S 65

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Manufacturing (continued)
GE Capital International Funding Co.
Unlimited Co.
3.37%, 11/15/25	$	430	$	416,229
4.42%, 11/15/35		3,949		3,695,758
General Electric Co.
4.35%, 05/01/50 (Call 11/01/49)		765		673,337
4.50%, 03/11/44(b)		410		370,923
5.88%, 01/14/38		1,057		1,121,989
6.75%, 03/15/32		1,675		1,860,076
6.88%, 01/10/39		780		921,844
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)		6,179		5,874,399
3.90%, 09/01/42 (Call 03/01/42)		2,162		1,840,798
4.88%, 09/15/41 (Call 03/15/41)		2,465		2,381,733
Parker-Hannifin Corp.
3.25%, 03/01/27 (Call 12/01/26)		4,456		4,238,507
3.25%, 06/14/29 (Call 03/14/29)		3,578		3,292,257
4.00%, 06/14/49 (Call 12/14/48)		3,586		2,925,935
4.10%, 03/01/47 (Call 09/01/46)		2,111		1,733,463
4.20%, 11/21/34 (Call 05/21/34)		1,850		1,703,447
4.25%, 09/15/27 (Call 08/15/27)		2,740		2,678,701
4.45%, 11/21/44 (Call 05/21/44)		2,977		2,611,462
4.50%, 09/15/29 (Call 07/15/29)		3,918		3,831,510
6.25%, 05/15/38		1,376		1,479,557
Pentair Finance Sarl
4.50%, 07/01/29 (Call 04/01/29)		2,403		2,317,586
5.90%, 07/15/32 (Call 04/15/32)		1,150		1,179,999
Teledyne Technologies Inc.
1.60%, 04/01/26 (Call 03/01/26)		1,090		1,010,704
2.25%, 04/01/28 (Call 02/01/28)		1,095		981,174
2.75%, 04/01/31 (Call 01/01/31)		2,455		2,083,134
Textron Inc.
2.45%, 03/15/31 (Call 12/15/30)		2,398		2,001,942
3.00%, 06/01/30 (Call 03/01/30)		1,590		1,395,316
3.38%, 03/01/28 (Call 12/01/27)		1,843		1,727,473
3.65%, 03/15/27 (Call 12/15/26)		2,905		2,779,401
3.88%, 03/01/25 (Call 12/01/24)		1,230		1,210,670
3.90%, 09/17/29 (Call 06/17/29)		2,519		2,351,654
4.00%, 03/15/26 (Call 12/15/25)		2,514		2,445,814
6.10%, 11/15/33 (Call 08/15/33)		1,380		1,438,120
				133,266,591
Media — 0.7%
Charter Communications
Operating LLC/Charter Communications
Operating Capital
2.25%, 01/15/29 (Call 11/15/28)		5,616		4,737,341
2.30%, 02/01/32 (Call 11/01/31)		4,335		3,293,023
2.80%, 04/01/31 (Call 01/01/31)		6,654		5,368,208
3.50%, 06/01/41 (Call 12/01/40)		6,137		4,060,472
3.50%, 03/01/42 (Call 09/01/41)		5,490		3,585,299
3.70%, 04/01/51 (Call 10/01/50)		7,814		4,732,098
3.75%, 02/15/28 (Call 11/15/27)		4,924		4,547,308
3.85%, 04/01/61 (Call 10/01/60)		7,185		4,163,623
3.90%, 06/01/52 (Call 12/01/51)		9,330		5,854,763
3.95%, 06/30/62 (Call 12/30/61)		5,555		3,265,883
4.20%, 03/15/28 (Call 12/15/27)		5,528		5,179,548
4.40%, 04/01/33 (Call 01/01/33)(b)		4,130		3,606,886
4.40%, 12/01/61 (Call 06/01/61)		5,493		3,525,107
4.80%, 03/01/50 (Call 09/01/49)		10,901		7,875,961
4.91%, 07/23/25 (Call 04/23/25)		19,097		18,830,562
5.05%, 03/30/29 (Call 12/30/28)		5,728		5,479,604

Security	Par (000)		Value
Media (continued)
5.13%, 07/01/49 (Call 01/01/49)	$	5,055	$	3,828,073
5.25%, 04/01/53 (Call 10/01/52)(b)		5,705		4,426,551
5.38%, 04/01/38 (Call 10/01/37)		4,643		3,984,184
5.38%, 05/01/47 (Call 11/01/46)		9,353		7,359,075
5.50%, 04/01/63 (Call 10/01/62)		3,905		2,999,973
5.75%, 04/01/48 (Call 10/01/47)		9,411		7,820,774
6.15%, 11/10/26 (Call 10/10/26)		4,940		4,988,996
6.38%, 10/23/35 (Call 04/23/35)		8,160		7,883,823
6.48%, 10/23/45 (Call 04/23/45)		13,264		12,113,776
6.65%, 02/01/34 (Call 11/01/33)(b)		3,495		3,501,543
6.83%, 10/23/55 (Call 04/23/55)		1,963		1,856,679
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)		6,460		5,147,297
1.95%, 01/15/31 (Call 10/15/30)		6,661		5,470,004
2.35%, 01/15/27 (Call 10/15/26)		4,716		4,396,503
2.45%, 08/15/52 (Call 02/15/52)		6,355		3,646,366
2.65%, 02/01/30 (Call 11/01/29)		6,538		5,754,195
2.65%, 08/15/62 (Call 02/15/62)(b)		5,009		2,792,609
2.80%, 01/15/51 (Call 07/15/50)		7,724		4,825,181
2.89%, 11/01/51 (Call 05/01/51)		15,930		10,091,312
2.94%, 11/01/56 (Call 05/01/56)		17,821		10,973,108
2.99%, 11/01/63 (Call 05/01/63)		15,333		9,174,987
3.15%, 03/01/26 (Call 12/01/25)		10,349		9,988,230
3.15%, 02/15/28 (Call 11/15/27)		7,405		6,944,538
3.20%, 07/15/36 (Call 01/15/36)		4,320		3,488,127
3.25%, 11/01/39 (Call 05/01/39)		3,752		2,881,385
3.30%, 02/01/27 (Call 11/01/26)		5,201		4,986,083
3.30%, 04/01/27 (Call 02/01/27)		3,089		2,946,843
3.38%, 08/15/25 (Call 05/15/25)		5,692		5,556,425
3.40%, 04/01/30 (Call 01/01/30)		6,590		6,030,974
3.40%, 07/15/46 (Call 01/15/46)		3,572		2,620,293
3.45%, 02/01/50 (Call 08/01/49)		6,905		4,958,722
3.55%, 05/01/28 (Call 02/01/28)		4,016		3,811,113
3.75%, 04/01/40 (Call 10/01/39)		7,404		6,050,990
3.90%, 03/01/38 (Call 09/01/37)		5,369		4,607,156
3.95%, 10/15/25 (Call 08/15/25)		7,539		7,408,339
3.97%, 11/01/47 (Call 05/01/47)		5,562		4,411,658
4.00%, 08/15/47 (Call 02/15/47)		4,557		3,645,503
4.00%, 03/01/48 (Call 09/01/47)		4,771		3,782,589
4.00%, 11/01/49 (Call 05/01/49)		7,818		6,183,045
4.05%, 11/01/52 (Call 05/01/52)		4,429		3,493,265
4.15%, 10/15/28 (Call 07/15/28)		10,474		10,167,379
4.20%, 08/15/34 (Call 02/15/34)		5,235		4,809,370
4.25%, 10/15/30 (Call 07/15/30)		5,604		5,355,704
4.25%, 01/15/33		8,496		7,957,926
4.40%, 08/15/35 (Call 02/15/35)		4,309		3,992,003
4.55%, 01/15/29 (Call 12/15/28)		5,110		5,027,700
4.60%, 10/15/38 (Call 04/15/38)		4,305		3,961,112
4.60%, 08/15/45 (Call 02/15/45)		4,236		3,744,661
4.65%, 02/15/33 (Call 11/15/32)(b)		5,455		5,296,199
4.65%, 07/15/42		3,792		3,415,651
4.70%, 10/15/48 (Call 04/15/48)		8,103		7,314,956
4.75%, 03/01/44		2,964		2,688,422
4.80%, 05/15/33 (Call 02/15/33)		4,665		4,558,248
4.95%, 10/15/58 (Call 04/15/58)(b)		4,304		3,974,513
5.25%, 11/07/25		2,305		2,315,059
5.35%, 11/15/27 (Call 10/15/27)		3,434		3,487,581
5.35%, 05/15/53 (Call 11/15/52)		4,310		4,203,501
5.50%, 11/15/32 (Call 08/15/32)		4,675		4,791,943
5.50%, 05/15/64 (Call 11/15/63)		4,980		4,890,967
5.65%, 06/15/35		4,656		4,782,993

66 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
6.45%, 03/15/37	$	325	$	355,972
6.50%, 11/15/35		3,757		4,097,594
6.55%, 07/01/39		1,875		2,060,887
6.95%, 08/15/37		2,030		2,314,153
7.05%, 03/15/33		4,537		5,099,583
Discovery Communications LLC
3.45%, 03/15/25 (Call 12/15/24)		1,456		1,421,778
3.63%, 05/15/30 (Call 02/15/30)		4,237		3,723,557
3.95%, 06/15/25 (Call 03/15/25)		2,018		1,970,220
3.95%, 03/20/28 (Call 12/20/27)		7,385		6,904,242
4.00%, 09/15/55 (Call 03/15/55)		8,133		5,383,681
4.13%, 05/15/29 (Call 02/15/29)		3,343		3,089,237
4.65%, 05/15/50 (Call 11/15/49)		4,688		3,559,234
4.88%, 04/01/43		1,121		897,437
4.90%, 03/11/26 (Call 12/11/25)(b)		3,957		3,895,872
5.00%, 09/20/37 (Call 03/20/37)		4,330		3,705,178
5.20%, 09/20/47 (Call 03/20/47)		6,985		5,681,619
5.30%, 05/15/49 (Call 11/15/48)		5,197		4,238,586
6.35%, 06/01/40		1,241		1,192,988
FactSet Research Systems Inc.
2.90%, 03/01/27 (Call 02/01/27)		1,620		1,512,937
3.45%, 03/01/32 (Call 12/01/31)		1,925		1,673,452
Fox Corp.
3.05%, 04/07/25 (Call 03/07/25)		4,114		4,003,949
3.50%, 04/08/30 (Call 01/08/30)		3,473		3,124,595
4.71%, 01/25/29 (Call 10/25/28)		8,757		8,547,102
5.48%, 01/25/39 (Call 07/25/38)		4,766		4,453,888
5.58%, 01/25/49 (Call 07/25/48)		6,128		5,603,716
6.50%, 10/13/33 (Call 07/13/33)		3,000		3,150,594
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		505		422,726
5.25%, 05/24/49 (Call 11/24/48)		135		118,081
6.13%, 01/31/46 (Call 07/31/45)(b)		3,444		3,360,512
6.63%, 01/15/40		2,926		3,006,258
8.50%, 03/11/32		2,240		2,576,609
NBCUniversal Media LLC
4.45%, 01/15/43		4,233		3,699,330
5.95%, 04/01/41		3,006		3,127,419
6.40%, 04/30/40		1,012		1,097,504
Paramount Global
2.90%, 01/15/27 (Call 10/15/26)		1,189		1,071,247
3.38%, 02/15/28 (Call 11/15/27)		2,494		2,183,125
3.70%, 06/01/28 (Call 03/01/28)		2,365		2,062,066
4.20%, 06/01/29 (Call 03/01/29)		2,010		1,769,954
4.20%, 05/19/32 (Call 02/19/32)(b)		4,275		3,483,968
4.38%, 03/15/43		3,646		2,442,300
4.60%, 01/15/45 (Call 07/15/44)		2,607		1,785,151
4.85%, 07/01/42 (Call 01/01/42)		2,177		1,567,011
4.90%, 08/15/44 (Call 02/15/44)		2,396		1,681,876
4.95%, 01/15/31 (Call 10/15/30)(b)		4,725		4,137,474
4.95%, 05/19/50 (Call 11/19/49)		3,898		2,792,222
5.25%, 04/01/44 (Call 10/01/43)(b)		1,495		1,102,063
5.50%, 05/15/33		1,722		1,490,828
5.85%, 09/01/43 (Call 03/01/43)		3,224		2,608,129
5.90%, 10/15/40 (Call 04/15/40)(b)		1,962		1,589,935
6.88%, 04/30/36		3,526		3,234,988
7.88%, 07/30/30		3,321		3,390,390
TCI Communications Inc.
7.13%, 02/15/28		3,387		3,651,577
7.88%, 02/15/26		4,518		4,746,528

Security	Par (000)		Value
Media (continued)
Thomson Reuters Corp.
3.35%, 05/15/26 (Call 02/15/26)	$	3,468	$	3,326,355
5.50%, 08/15/35(b)		1,622		1,646,525
5.65%, 11/23/43 (Call 05/23/43)(b)		1,276		1,239,260
5.85%, 04/15/40		2,329		2,364,229
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		4,083		4,528,014
Time Warner Cable LLC
4.50%, 09/15/42 (Call 03/15/42)		6,496		4,748,603
5.50%, 09/01/41 (Call 03/01/41)		6,114		5,037,733
5.88%, 11/15/40 (Call 05/15/40)		6,118		5,259,918
6.55%, 05/01/37		6,837		6,418,371
6.75%, 06/15/39		6,911		6,509,647
7.30%, 07/01/38		6,611		6,587,204
TWDC Enterprises 18 Corp.
1.85%, 07/30/26		5,643		5,245,016
2.95%, 06/15/27		4,104		3,886,716
3.00%, 02/13/26		5,565		5,357,905
3.00%, 07/30/46		2,439		1,702,415
3.15%, 09/17/25		4,372		4,241,366
3.70%, 12/01/42		2,456		1,993,304
4.13%, 06/01/44		3,782		3,223,376
4.38%, 08/16/41		1,755		1,551,152
Series B, 7.00%, 03/01/32		3,782		4,278,670
Series E, 4.13%, 12/01/41		2,733		2,351,848
Walt Disney Co. (The)
1.75%, 01/13/26		6,292		5,931,951
2.00%, 09/01/29 (Call 06/01/29)		9,032		7,786,309
2.20%, 01/13/28		3,802		3,468,355
2.65%, 01/13/31		8,983		7,803,577
2.75%, 09/01/49 (Call 03/01/49)		8,042		5,187,200
3.35%, 03/24/25		4,813		4,716,455
3.38%, 11/15/26 (Call 08/15/26)		2,584		2,485,537
3.50%, 05/13/40 (Call 11/13/39)		6,882		5,524,662
3.60%, 01/13/51 (Call 07/13/50)		10,577		8,028,208
3.70%, 10/15/25 (Call 07/15/25)		4,215		4,119,259
3.70%, 03/23/27		3,732		3,614,110
3.80%, 03/22/30		4,409		4,160,075
3.80%, 05/13/60 (Call 11/13/59)		4,527		3,432,448
4.63%, 03/23/40 (Call 09/23/39)		2,761		2,581,502
4.70%, 03/23/50 (Call 09/23/49)(b)		5,815		5,319,868
4.75%, 09/15/44 (Call 03/15/44)		2,744		2,521,627
4.75%, 11/15/46 (Call 05/15/46)		1,838		1,666,229
4.95%, 10/15/45 (Call 04/15/45)		1,866		1,746,690
5.40%, 10/01/43		3,102		3,118,111
6.15%, 03/01/37		470		507,678
6.15%, 02/15/41		1,517		1,637,491
6.20%, 12/15/34		4,330		4,725,892
6.40%, 12/15/35		5,034		5,533,508
6.55%, 03/15/33		1,145		1,276,834
6.65%, 11/15/37		5,252		5,939,338
7.75%, 12/01/45		1,385		1,772,319
				743,636,043
Metal Fabricate & Hardware — 0.0%
Precision Castparts Corp.
3.25%, 06/15/25 (Call 03/15/25)		4,344		4,245,223
3.90%, 01/15/43 (Call 07/15/42)		2,900		2,444,701
4.38%, 06/15/45 (Call 12/15/44)		1,488		1,305,792
Timken Co. (The)
4.13%, 04/01/32 (Call 01/01/32)		1,760		1,602,940
4.50%, 12/15/28 (Call 09/15/28)		2,370		2,300,398

S C H E D U L E O F I N V E S T M E N T S 67

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Metal Fabricate & Hardware (continued)
Valmont Industries Inc.
5.00%, 10/01/44 (Call 04/01/44)	$	1,724	$	1,501,774
5.25%, 10/01/54 (Call 04/01/54)		1,384		1,191,249
				14,592,077
Mining — 0.2%
AngloGold Ashanti Holdings PLC
3.38%, 11/01/28 (Call 09/01/28)		2,820		2,526,099
3.75%, 10/01/30 (Call 07/01/30)		1,603		1,387,392
Barrick Gold Corp.
5.25%, 04/01/42		225		220,115
6.45%, 10/15/35		1,196		1,294,135
Barrick North America Finance LLC
5.70%, 05/30/41		3,768		3,812,272
5.75%, 05/01/43		3,442		3,517,189
Barrick PD Australia Finance Pty. Ltd., 5.95%, 10/15/39		3,603		3,682,645
BHP Billiton Finance USA Ltd.
4.13%, 02/24/42		3,441		2,963,962
4.75%, 02/28/28 (Call 01/28/28)		3,345		3,321,792
4.88%, 02/27/26		4,005		3,988,968
4.90%, 02/28/33 (Call 11/28/32)		1,605		1,583,093
5.00%, 09/30/43		10,358		9,903,287
5.10%, 09/08/28 (Call 08/08/28)		5,005		5,034,988
5.25%, 09/08/26		5,455		5,488,700
5.25%, 09/08/30 (Call 07/08/30)		4,480		4,518,170
5.25%, 09/08/33 (Call 06/08/33)		5,130		5,149,721
5.50%, 09/08/53 (Call 03/08/53)		1,650		1,682,024
6.42%, 03/01/26		2,590		2,653,020
Freeport-McMoRan Inc.
4.13%, 03/01/28 (Call 04/01/24)		2,272		2,156,238
4.25%, 03/01/30 (Call 03/01/25)		1,871		1,748,417
4.38%, 08/01/28 (Call 04/01/24)		2,396		2,284,924
4.63%, 08/01/30 (Call 08/01/25)		3,006		2,865,964
5.00%, 09/01/27 (Call 04/01/24)		3,303		3,251,118
5.25%, 09/01/29 (Call 09/01/24)		3,185		3,168,637
5.40%, 11/14/34 (Call 05/14/34)		3,276		3,181,214
5.45%, 03/15/43 (Call 09/15/42)		7,105		6,618,818
Kinross Gold Corp.
4.50%, 07/15/27 (Call 04/15/27)		2,955		2,871,817
6.25%, 07/15/33 (Call 04/15/33)(c)		345		352,589
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		4,393		3,673,630
2.60%, 07/15/32 (Call 04/15/32)		4,565		3,754,875
2.80%, 10/01/29 (Call 07/01/29)		3,247		2,883,053
4.88%, 03/15/42 (Call 09/15/41)		3,358		3,085,005
5.45%, 06/09/44 (Call 12/09/43)		2,957		2,887,751
5.88%, 04/01/35		2,875		2,957,432
6.25%, 10/01/39		2,801		2,962,040
Newmont Corp./Newcrest Finance Pty Ltd.,
3.25%, 05/13/30 (Call 02/13/30)(c)		90		80,614
Rio Tinto Alcan Inc.
5.75%, 06/01/35		2,108		2,180,937
6.13%, 12/15/33		3,558		3,781,305
7.25%, 03/15/31		2,428		2,714,364
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51 (Call 05/02/51)		4,865		3,084,848
5.20%, 11/02/40		3,914		3,849,787
7.13%, 07/15/28		3,306		3,601,124
Rio Tinto Finance USA PLC
4.13%, 08/21/42 (Call 02/21/42)		2,894		2,475,154
4.75%, 03/22/42 (Call 09/22/41)		2,425		2,273,068

Security	Par (000)		Value
Mining (continued)
5.00%, 03/09/33 (Call 12/09/32)	$	2,265	$	2,262,042
5.13%, 03/09/53 (Call 09/09/52)		3,193		3,068,270
Southern Copper Corp.
3.88%, 04/23/25		3,504		3,434,411
5.25%, 11/08/42		6,572		6,181,010
5.88%, 04/23/45		3,448		3,429,770
6.75%, 04/16/40		5,671		6,252,536
7.50%, 07/27/35		4,558		5,244,671
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31)		1,185		977,377
				168,322,382
Office & Business Equipment — 0.0%
CDW LLC/CDW Finance Corp.
2.67%, 12/01/26 (Call 11/01/26)		4,074		3,781,222
3.25%, 02/15/29 (Call 04/01/24)		4,214		3,756,275
3.28%, 12/01/28 (Call 10/01/28)		3,530		3,178,183
3.57%, 12/01/31 (Call 09/01/31)		5,590		4,847,520
4.13%, 05/01/25 (Call 04/01/24)		3,730		3,656,372
4.25%, 04/01/28 (Call 04/01/24)(b)		5,067		4,824,379
				24,043,951
Oil & Gas — 0.9%
Apache Corp.
4.25%, 01/15/30 (Call 10/15/29)(b)		1,315		1,208,294
4.38%, 10/15/28 (Call 07/15/28)		695		651,159
4.75%, 04/15/43 (Call 10/15/42)		1,920		1,476,556
5.10%, 09/01/40 (Call 03/01/40)		2,365		1,979,262
5.25%, 02/01/42 (Call 08/01/41)		1,560		1,295,200
5.35%, 07/01/49 (Call 01/01/49)		1,720		1,391,687
6.00%, 01/15/37		1,955		1,900,271
BP Capital Markets America Inc.
1.75%, 08/10/30 (Call 05/10/30)		4,206		3,468,170
2.72%, 01/12/32 (Call 10/12/31)		8,055		6,832,488
2.77%, 11/10/50 (Call 05/10/50)		6,285		3,991,849
2.94%, 06/04/51 (Call 12/04/50)		9,315		6,122,458
3.00%, 02/24/50 (Call 08/24/49)		8,285		5,543,203
3.00%, 03/17/52 (Call 09/17/51)		4,970		3,298,288
3.02%, 01/16/27 (Call 10/16/26)		4,366		4,147,795
3.06%, 06/17/41 (Call 12/17/40)		5,920		4,395,699
3.12%, 05/04/26 (Call 02/04/26)		4,884		4,693,007
3.38%, 02/08/61 (Call 08/08/60)		7,575		5,098,262
3.41%, 02/11/26 (Call 12/11/25)		5,546		5,378,478
3.54%, 04/06/27 (Call 02/06/27)		2,459		2,358,680
3.59%, 04/14/27 (Call 01/14/27)		4,868		4,678,905
3.63%, 04/06/30 (Call 01/06/30)		5,207		4,852,312
3.80%, 09/21/25 (Call 07/21/25)		5,469		5,364,638
3.94%, 09/21/28 (Call 06/21/28)		5,468		5,250,537
4.23%, 11/06/28 (Call 08/06/28)		6,425		6,252,423
4.70%, 04/10/29 (Call 03/10/29)		2,825		2,794,376
4.81%, 02/13/33 (Call 11/13/32)		3,535		3,449,026
4.89%, 09/11/33 (Call 06/11/33)		3,485		3,418,411
4.99%, 04/10/34 (Call 01/10/34)		3,985		3,920,869
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)		6,340		6,002,635
3.72%, 11/28/28 (Call 08/28/28)		5,092		4,834,500
Burlington Resources LLC
5.95%, 10/15/36		290		305,088
7.20%, 08/15/31		950		1,071,938
7.40%, 12/01/31		275		314,352
Canadian Natural Resources Ltd.
2.05%, 07/15/25 (Call 06/15/25)		3,706		3,536,840

68 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
2.95%, 07/15/30 (Call 04/15/30)	$	2,720	$	2,365,182
3.85%, 06/01/27 (Call 03/01/27)		5,176		4,956,030
4.95%, 06/01/47 (Call 12/01/46)		3,738		3,257,290
5.85%, 02/01/35		1,805		1,801,042
6.25%, 03/15/38		4,053		4,155,936
6.45%, 06/30/33		1,455		1,529,756
6.50%, 02/15/37		2,244		2,336,696
6.75%, 02/01/39		1,885		2,007,588
7.20%, 01/15/32		1,450		1,579,134
Cenovus Energy Inc.
2.65%, 01/15/32 (Call 10/15/31)		1,366		1,117,648
3.75%, 02/15/52 (Call 08/15/51)(b)		4,320		3,083,957
4.25%, 04/15/27 (Call 01/15/27)		1,465		1,418,674
5.25%, 06/15/37 (Call 12/15/36)		970		902,215
5.40%, 06/15/47 (Call 12/15/46)		1,874		1,720,634
6.75%, 11/15/39		900		975,418
Chevron Corp.
1.55%, 05/11/25 (Call 04/11/25)		10,383		9,962,820
2.00%, 05/11/27 (Call 03/11/27)		4,920		4,523,163
2.24%, 05/11/30 (Call 02/11/30)		6,286		5,438,853
2.95%, 05/16/26 (Call 02/16/26)		9,297		8,929,522
3.08%, 05/11/50 (Call 11/11/49)		5,116		3,609,072
3.33%, 11/17/25 (Call 08/17/25)		4,279		4,177,839
Chevron USA Inc.
0.69%, 08/12/25 (Call 07/12/25)		4,206		3,956,230
1.02%, 08/12/27 (Call 06/12/27)		3,984		3,516,984
2.34%, 08/12/50 (Call 02/12/50)		4,253		2,550,413
3.25%, 10/15/29 (Call 07/15/29)		2,596		2,414,596
3.85%, 01/15/28 (Call 10/15/27)		3,031		2,948,181
5.25%, 11/15/43 (Call 05/15/43)		790		796,421
6.00%, 03/01/41 (Call 09/01/40)		785		854,574
CNOOC Finance 2013 Ltd.
2.88%, 09/30/29 (Call 06/30/29)		1,249		1,132,985
3.30%, 09/30/49 (Call 03/30/49)		1,315		972,686
4.25%, 05/09/43		3,599		3,202,350
CNOOC Finance 2015 Australia Pty. Ltd.,
4.20%, 05/05/45		500		439,435
CNOOC Finance 2015 USA LLC
3.50%, 05/05/25		4,520		4,427,943
4.38%, 05/02/28		3,922		3,853,163
CNOOC Petroleum North America ULC
5.88%, 03/10/35		1,913		2,025,110
6.40%, 05/15/37		3,637		4,045,422
7.50%, 07/30/39		1,006		1,232,865
7.88%, 03/15/32		2,046		2,427,274
Conoco Funding Co., 7.25%, 10/15/31		1,719		1,947,451
ConocoPhillips Co.
2.40%, 03/07/25 (Call 03/11/24)		562		546,118
3.76%, 03/15/42 (Call 09/15/41)		11,360		9,202,492
3.80%, 03/15/52 (Call 09/15/51)		2,330		1,786,011
4.03%, 03/15/62 (Call 09/15/61)		10,272		7,957,318
4.30%, 11/15/44 (Call 05/15/44)		2,245		1,929,167
4.88%, 10/01/47 (Call 04/01/47)		550		510,011
5.05%, 09/15/33 (Call 06/15/33)		3,355		3,343,801
5.30%, 05/15/53 (Call 11/15/52)		2,885		2,823,147
5.55%, 03/15/54 (Call 09/15/53)		1,970		1,991,953
5.70%, 09/15/63 (Call 03/15/63)		2,075		2,119,792
5.90%, 10/15/32		1,901		2,033,813
5.90%, 05/15/38		572		599,628
5.95%, 03/15/46 (Call 09/15/45)		765		794,425
6.50%, 02/01/39		744		837,570

Security	Par (000)		Value
Oil & Gas (continued)
6.95%, 04/15/29	$	1,755	$	1,923,726
Continental Resources Inc./OK
4.38%, 01/15/28 (Call 10/15/27)		4,830		4,641,540
4.90%, 06/01/44 (Call 12/01/43)(b)		3,655		2,962,922
Coterra Energy Inc.
3.90%, 05/15/27 (Call 02/15/27)		3,758		3,611,436
4.38%, 03/15/29 (Call 12/15/28)		2,795		2,692,044
5.60%, 03/15/34 (Call 12/15/33)		1,900		1,899,417
Devon Energy Corp.
4.50%, 01/15/30 (Call 01/15/25)		3,395		3,238,696
4.75%, 05/15/42 (Call 11/15/41)		3,458		2,926,964
5.00%, 06/15/45 (Call 12/15/44)		3,197		2,757,478
5.25%, 10/15/27 (Call 03/11/24)		3,360		3,352,929
5.60%, 07/15/41 (Call 01/15/41)		5,197		4,897,063
5.85%, 12/15/25 (Call 09/15/25)		3,280		3,295,390
5.88%, 06/15/28 (Call 03/11/24)		2,835		2,851,591
7.88%, 09/30/31		1,377		1,567,249
7.95%, 04/15/32		1,445		1,647,001
Diamondback Energy Inc.
3.13%, 03/24/31 (Call 12/24/30)		3,592		3,148,473
3.25%, 12/01/26 (Call 10/01/26)		5,421		5,181,443
3.50%, 12/01/29 (Call 09/01/29)		3,163		2,903,428
4.25%, 03/15/52 (Call 09/15/51)		3,484		2,764,409
4.40%, 03/24/51 (Call 09/24/50)		2,795		2,256,089
6.25%, 03/15/33 (Call 12/15/32)		3,685		3,872,702
6.25%, 03/15/53 (Call 09/15/52)		2,795		2,956,911
Eni USA Inc., 7.30%, 11/15/27		1,130		1,199,148
EOG Resources Inc.
3.15%, 04/01/25 (Call 01/01/25)		1,429		1,396,840
3.90%, 04/01/35 (Call 10/01/34)		3,283		2,942,738
4.15%, 01/15/26 (Call 10/15/25)		6,032		5,941,164
4.38%, 04/15/30 (Call 01/15/30)		3,599		3,490,154
4.95%, 04/15/50 (Call 10/15/49)		3,869		3,606,865
EQT Corp.
3.90%, 10/01/27 (Call 07/01/27)		5,391		5,106,903
5.00%, 01/15/29 (Call 07/15/28)		1,725		1,683,230
5.70%, 04/01/28 (Call 03/01/28)		2,250		2,265,922
5.75%, 02/01/34 (Call 11/01/33)(b)		2,090		2,055,729
7.00%, 02/01/30 (Call 11/01/29)		2,855		3,024,116
Equinor ASA
1.75%, 01/22/26 (Call 12/22/25)		901		848,385
2.38%, 05/22/30 (Call 02/22/30)		4,772		4,147,503
2.88%, 04/06/25 (Call 03/06/25)		4,038		3,942,819
3.00%, 04/06/27 (Call 02/06/27)		2,226		2,105,330
3.13%, 04/06/30 (Call 01/06/30)(b)		5,646		5,147,693
3.25%, 11/18/49 (Call 05/18/49)		3,909		2,804,902
3.63%, 09/10/28 (Call 06/10/28)		4,221		4,036,844
3.63%, 04/06/40 (Call 10/06/39)		2,099		1,731,527
3.70%, 04/06/50 (Call 10/06/49)(b)		3,905		3,041,784
3.95%, 05/15/43		3,552		2,966,747
4.25%, 11/23/41		2,330		2,063,710
4.80%, 11/08/43		3,025		2,846,894
5.10%, 08/17/40		3,102		3,052,445
7.25%, 09/23/27		1,020		1,098,268
Exxon Mobil Corp.
2.28%, 08/16/26 (Call 06/16/26)		5,080		4,798,089
2.44%, 08/16/29 (Call 05/16/29)		6,911		6,173,007
2.61%, 10/15/30 (Call 07/15/30)		6,295		5,520,799
2.71%, 03/06/25 (Call 12/06/24)		4,635		4,523,782
2.99%, 03/19/25 (Call 02/19/25)		12,323		12,049,368
3.00%, 08/16/39 (Call 02/16/39)		5,800		4,461,778

S C H E D U L E O F I N V E S T M E N T S 69

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
3.04%, 03/01/26 (Call 12/01/25)	$	10,191	$	9,842,290
3.10%, 08/16/49 (Call 02/16/49)		7,681		5,368,464
3.29%, 03/19/27 (Call 01/19/27)		3,550		3,418,510
3.45%, 04/15/51 (Call 10/15/50)		7,043		5,221,291
3.48%, 03/19/30 (Call 12/19/29)		4,804		4,481,950
3.57%, 03/06/45 (Call 09/06/44)		3,417		2,662,453
4.11%, 03/01/46 (Call 09/01/45)		11,371		9,637,578
4.23%, 03/19/40 (Call 09/19/39)		6,471		5,802,962
4.33%, 03/19/50 (Call 09/19/49)		9,970		8,688,091
Helmerich & Payne Inc., 2.90%, 09/29/31 (Call 06/29/31)		1,350		1,119,822
Hess Corp.
4.30%, 04/01/27 (Call 01/01/27)		6,817		6,639,590
5.60%, 02/15/41		5,333		5,373,562
5.80%, 04/01/47 (Call 10/01/46)		2,509		2,544,636
6.00%, 01/15/40		3,103		3,239,549
7.13%, 03/15/33		2,327		2,609,379
7.30%, 08/15/31		2,519		2,829,870
7.88%, 10/01/29		1,302		1,459,943
HF Sinclair Corp.
4.50%, 10/01/30 (Call 07/01/30)(b)		1,407		1,315,927
5.00%, 02/01/28 (Call 03/11/24)(c)		395		380,214
5.88%, 04/01/26 (Call 01/01/26)		4,211		4,226,329
6.38%, 04/15/27 (Call 04/15/24)(c)		565		565,773
Marathon Oil Corp.
4.40%, 07/15/27 (Call 04/15/27)		5,293		5,140,038
5.20%, 06/01/45 (Call 12/01/44)(b)		2,906		2,523,164
6.60%, 10/01/37		3,738		3,899,724
6.80%, 03/15/32		2,119		2,258,580
Marathon Petroleum Corp.
3.80%, 04/01/28 (Call 01/01/28)		2,953		2,811,398
4.50%, 04/01/48 (Call 10/01/47)		2,602		2,140,592
4.70%, 05/01/25 (Call 04/01/25)		6,095		6,035,955
4.75%, 09/15/44 (Call 03/15/44)		3,951		3,447,793
5.00%, 09/15/54 (Call 03/15/54)		2,528		2,172,401
5.13%, 12/15/26 (Call 09/15/26)		4,554		4,546,348
6.50%, 03/01/41 (Call 09/01/40)(b)		2,396		2,543,092
Occidental Petroleum Corp.
4.20%, 03/15/48 (Call 09/15/47)(b)		2,060		1,585,554
4.40%, 04/15/46 (Call 10/15/45)(b)		2,527		2,027,538
5.50%, 12/01/25 (Call 09/01/25)		1,930		1,927,461
5.55%, 03/15/26 (Call 12/15/25)		3,030		3,049,076
5.88%, 09/01/25 (Call 06/01/25)		1,445		1,449,336
6.13%, 01/01/31 (Call 07/01/30)		4,645		4,758,261
6.20%, 03/15/40		565		573,496
6.38%, 09/01/28 (Call 03/01/28)(b)		395		409,728
6.45%, 09/15/36		7,730		8,149,688
6.60%, 03/15/46 (Call 09/15/45)(b)		1,810		1,922,933
6.63%, 09/01/30 (Call 03/01/30)		6,150		6,471,737
7.50%, 05/01/31		3,450		3,811,091
7.88%, 09/15/31		682		767,878
7.95%, 06/15/39		1,645		1,916,875
8.50%, 07/15/27 (Call 01/15/27)(b)		1,965		2,131,477
8.88%, 07/15/30 (Call 01/15/30)		3,730		4,311,733
Ovintiv Inc.
5.38%, 01/01/26 (Call 10/01/25)		3,189		3,170,731
5.65%, 05/15/25		2,805		2,805,360
5.65%, 05/15/28 (Call 04/15/28)		2,505		2,527,028
6.25%, 07/15/33 (Call 04/15/33)		2,020		2,076,932
6.50%, 08/15/34		2,539		2,659,630
6.50%, 02/01/38		1,955		2,001,640

Security	Par (000)		Value
Oil & Gas (continued)
6.63%, 08/15/37	$	2,040	$	2,105,218
7.10%, 07/15/53 (Call 01/15/53)		1,955		2,130,826
7.20%, 11/01/31		1,575		1,699,806
7.38%, 11/01/31		1,695		1,847,405
8.13%, 09/15/30		1,350		1,514,788
Patterson-UTI Energy Inc.
3.95%, 02/01/28 (Call 11/01/27)		370		345,926
5.15%, 11/15/29 (Call 08/15/29)		290		278,781
7.15%, 10/01/33 (Call 07/01/33)		565		598,851
Phillips 66
1.30%, 02/15/26 (Call 01/15/26)		3,394		3,141,650
2.15%, 12/15/30 (Call 09/15/30)		3,125		2,596,675
3.30%, 03/15/52 (Call 09/15/51)		5,325		3,641,841
3.85%, 04/09/25 (Call 03/09/25)		4,621		4,541,667
3.90%, 03/15/28 (Call 12/15/27)		2,426		2,334,106
4.65%, 11/15/34 (Call 05/15/34)		5,446		5,111,325
4.88%, 11/15/44 (Call 05/15/44)		5,128		4,680,727
5.88%, 05/01/42		4,954		5,106,210
Phillips 66 Co.
3.15%, 12/15/29 (Call 09/15/29)		3,251		2,931,277
3.55%, 10/01/26 (Call 07/01/26)		2,400		2,304,224
3.75%, 03/01/28 (Call 12/01/27)		4,731		4,512,100
4.68%, 02/15/45 (Call 08/15/44)		3,235		2,822,769
4.90%, 10/01/46 (Call 04/01/46)		2,947		2,635,314
4.95%, 12/01/27 (Call 11/01/27)		3,170		3,163,062
5.25%, 06/15/31 (Call 04/15/31)		1,900		1,895,381
5.30%, 06/30/33 (Call 03/30/33)		3,530		3,502,428
5.65%, 06/15/54 (Call 12/15/53)		1,990		1,972,906
Pioneer Natural Resources Co.
1.13%, 01/15/26 (Call 12/15/25)		790		732,879
1.90%, 08/15/30 (Call 05/15/30)		5,755		4,797,298
2.15%, 01/15/31 (Call 10/15/30)		1,110		929,557
5.10%, 03/29/26		2,625		2,623,288
Shell International Finance BV
2.38%, 11/07/29 (Call 08/07/29)		6,566		5,784,493
2.50%, 09/12/26		6,290		5,940,419
2.75%, 04/06/30 (Call 01/06/30)		3,103		2,762,163
2.88%, 05/10/26		8,162		7,810,060
2.88%, 11/26/41 (Call 05/26/41)		2,760		2,014,652
3.00%, 11/26/51 (Call 05/26/51)		4,555		3,052,742
3.13%, 11/07/49 (Call 05/07/49)		5,383		3,742,922
3.25%, 05/11/25		11,876		11,614,561
3.25%, 04/06/50 (Call 10/06/49)		8,188		5,819,733
3.63%, 08/21/42		2,583		2,082,030
3.75%, 09/12/46		5,146		4,054,430
3.88%, 11/13/28 (Call 08/13/28)		4,515		4,356,483
4.00%, 05/10/46		8,489		6,969,605
4.13%, 05/11/35		7,483		6,916,242
4.38%, 05/11/45		10,828		9,459,615
4.55%, 08/12/43		3,933		3,570,834
5.50%, 03/25/40		4,223		4,344,836
6.38%, 12/15/38		9,796		10,888,663
Suncor Energy Inc.
3.75%, 03/04/51 (Call 09/04/50)		2,168		1,572,994
4.00%, 11/15/47 (Call 05/15/47)		2,697		2,054,299
5.95%, 12/01/34		1,990		2,066,807
6.50%, 06/15/38		4,695		4,914,922
6.80%, 05/15/38		4,182		4,459,653
6.85%, 06/01/39		4,056		4,353,178
7.15%, 02/01/32		1,742		1,909,004
Tosco Corp., 8.13%, 02/15/30		2,855		3,298,054

70 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
TotalEnergies Capital International SA
2.83%, 01/10/30 (Call 10/10/29)	$	5,319	$	4,777,963
2.99%, 06/29/41 (Call 12/29/40)(b)		2,998		2,225,499
3.13%, 05/29/50 (Call 11/29/49)		9,221		6,413,178
3.39%, 06/29/60 (Call 12/29/59)		1,385		957,272
3.46%, 02/19/29 (Call 11/19/28)		5,674		5,329,613
3.46%, 07/12/49 (Call 01/12/49)		5,625		4,200,816
TotalEnergies Capital SA, 3.88%, 10/11/28		4,942		4,759,951
Valero Energy Corp.
2.15%, 09/15/27 (Call 07/15/27)		1,550		1,403,323
2.80%, 12/01/31 (Call 09/01/31)		1,745		1,472,800
3.40%, 09/15/26 (Call 06/15/26)		415		396,775
3.65%, 12/01/51 (Call 06/01/51)		4,365		3,072,198
4.00%, 04/01/29 (Call 01/01/29)		285		271,960
4.00%, 06/01/52 (Call 12/01/51)		1,725		1,297,030
4.35%, 06/01/28 (Call 03/01/28)		3,166		3,082,447
4.90%, 03/15/45(b)		2,971		2,684,469
6.63%, 06/15/37		5,895		6,313,223
7.50%, 04/15/32		2,868		3,262,501
				887,453,986
Oil & Gas Services — 0.1%
Baker Hughes Holdings LLC, 5.13%, 09/15/40		4,169		4,043,238
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor Inc.
2.06%, 12/15/26 (Call 11/15/26)		4,055		3,741,428
3.14%, 11/07/29 (Call 08/07/29)		2,081		1,897,994
3.34%, 12/15/27 (Call 09/15/27)		6,901		6,507,615
4.08%, 12/15/47 (Call 06/15/47)		5,993		4,825,055
4.49%, 05/01/30 (Call 02/01/30)		2,219		2,156,835
Halliburton Co.
2.92%, 03/01/30 (Call 12/01/29)		2,043		1,814,454
3.80%, 11/15/25 (Call 08/15/25)		2,671		2,609,522
4.50%, 11/15/41 (Call 05/15/41)		2,840		2,505,919
4.75%, 08/01/43 (Call 02/01/43)		4,385		3,955,115
4.85%, 11/15/35 (Call 05/15/35)		5,162		4,966,464
5.00%, 11/15/45 (Call 05/15/45)		6,211		5,777,898
6.70%, 09/15/38		3,346		3,746,616
7.45%, 09/15/39		4,726		5,676,045
NOV Inc.
3.60%, 12/01/29 (Call 09/01/29)		2,802		2,555,939
3.95%, 12/01/42 (Call 06/01/42)		5,036		3,752,885
Schlumberger Finance Canada Ltd., 1.40%,
09/17/25 (Call 08/17/25)		3,755		3,548,229
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)(b)		3,408		2,994,990
4.50%, 05/15/28 (Call 04/15/28)		1,675		1,659,013
4.85%, 05/15/33 (Call 02/15/33)(b)		1,500		1,484,394
				70,219,648
Packaging & Containers — 0.1%
Amcor Finance USA Inc.
3.63%, 04/28/26 (Call 01/28/26)		2,439		2,348,584
4.50%, 05/15/28 (Call 02/15/28)		1,440		1,400,293
5.63%, 05/26/33 (Call 02/26/33)		2,115		2,148,142
Amcor Flexibles North America Inc.
2.63%, 06/19/30 (Call 03/19/30)		2,700		2,303,454
2.69%, 05/25/31 (Call 02/25/31)		3,295		2,774,646
4.00%, 05/17/25 (Call 04/17/25)		1,860		1,824,196
AptarGroup Inc., 3.60%, 03/15/32 (Call 12/15/31)		1,150		1,009,830

Security	Par (000)		Value
Packaging & Containers (continued)
Berry Global Inc.
1.57%, 01/15/26 (Call 12/15/25)	$	4,761	$	4,435,312
1.65%, 01/15/27 (Call 12/15/26)		2,690		2,430,862
5.50%, 04/15/28 (Call 03/15/28)(c)		701		697,069
5.65%, 01/15/34 (Call 10/15/33)(c)		1,625		1,603,827
Packaging Corp. of America
3.00%, 12/15/29 (Call 09/15/29)		1,294		1,159,984
3.05%, 10/01/51 (Call 04/01/51)		1,945		1,296,080
3.40%, 12/15/27 (Call 09/15/27)		1,574		1,487,770
4.05%, 12/15/49 (Call 06/15/49)		2,512		1,983,600
5.70%, 12/01/33 (Call 09/01/33)		1,196		1,223,148
Sonoco Products Co.
2.25%, 02/01/27 (Call 01/01/27)(b)		2,520		2,312,686
2.85%, 02/01/32 (Call 11/01/31)		2,478		2,091,345
3.13%, 05/01/30 (Call 02/01/30)		2,600		2,307,249
5.75%, 11/01/40 (Call 05/01/40)		135		135,802
WestRock MWV LLC
7.95%, 02/15/31		1,683		1,917,554
8.20%, 01/15/30		1,126		1,280,270
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)(b)		2,475		2,085,822
3.38%, 09/15/27 (Call 06/15/27)		1,691		1,591,251
3.75%, 03/15/25 (Call 01/15/25)		2,669		2,614,000
3.90%, 06/01/28 (Call 03/01/28)		2,676		2,536,491
4.00%, 03/15/28 (Call 12/15/27)		3,221		3,074,502
4.20%, 06/01/32 (Call 03/01/32)		1,966		1,847,296
4.65%, 03/15/26 (Call 01/15/26)		4,332		4,275,003
4.90%, 03/15/29 (Call 12/15/28)		3,844		3,805,802
				62,001,870
Pharmaceuticals — 1.4%
AbbVie Inc.
2.95%, 11/21/26 (Call 09/21/26)		9,112		8,640,838
3.20%, 05/14/26 (Call 02/14/26)		8,663		8,337,368
3.20%, 11/21/29 (Call 08/21/29)		19,689		18,013,823
3.60%, 05/14/25 (Call 02/14/25)		14,599		14,305,988
3.80%, 03/15/25 (Call 12/15/24)		11,856		11,615,680
4.05%, 11/21/39 (Call 05/21/39)		14,206		12,468,797
4.25%, 11/14/28 (Call 08/14/28)		6,371		6,223,480
4.25%, 11/21/49 (Call 05/21/49)		20,693		17,815,707
4.30%, 05/14/36 (Call 11/14/35)		5,080		4,729,103
4.40%, 11/06/42		10,257		9,175,314
4.45%, 05/14/46 (Call 11/14/45)		8,508		7,519,075
4.50%, 05/14/35 (Call 11/14/34)		9,606		9,168,914
4.55%, 03/15/35 (Call 09/15/34)		7,757		7,436,541
4.63%, 10/01/42 (Call 04/01/42)		1,973		1,805,291
4.70%, 05/14/45 (Call 11/14/44)		10,613		9,786,298
4.75%, 03/15/45 (Call 09/15/44)		4,034		3,736,872
4.80%, 03/15/27 (Call 02/15/27)		8,980		8,954,713
4.80%, 03/15/29 (Call 02/15/29)		8,600		8,561,028
4.85%, 06/15/44 (Call 12/15/43)		4,303		4,065,246
4.88%, 11/14/48 (Call 05/14/48)		7,435		7,024,597
4.95%, 03/15/31 (Call 01/15/31)		4,510		4,509,741
5.05%, 03/15/34 (Call 12/15/33)		3,705		3,722,470
5.35%, 03/15/44 (Call 09/15/43)		2,495		2,515,785
5.40%, 03/15/54 (Call 09/15/53)		1,805		1,832,741
5.50%, 03/15/64 (Call 09/15/63)		2,145		2,168,573
Astrazeneca Finance LLC
1.20%, 05/28/26 (Call 04/28/26)		5,740		5,279,320
1.75%, 05/28/28 (Call 03/28/28)		5,534		4,891,716
2.25%, 05/28/31 (Call 02/28/31)		2,707		2,270,389
4.80%, 02/26/27 (Call 01/26/27)		3,835		3,825,137

S C H E D U L E O F I N V E S T M E N T S 71

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
4.85%, 02/26/29 (Call 01/26/29)	$	3,825	$	3,823,521
4.88%, 03/03/28 (Call 02/03/28)		5,215		5,210,171
4.88%, 03/03/33 (Call 12/03/32)		3,079		3,065,357
4.90%, 03/03/30 (Call 01/03/30)		3,520		3,526,079
4.90%, 02/26/31 (Call 12/26/30)		3,825		3,816,155
5.00%, 02/26/34 (Call 11/26/33)		3,825		3,839,167
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)		5,435		4,975,055
1.38%, 08/06/30 (Call 05/06/30)		6,001		4,861,306
2.13%, 08/06/50 (Call 02/06/50)		3,529		2,080,819
3.00%, 05/28/51 (Call 11/28/50)		4,360		3,014,955
3.13%, 06/12/27 (Call 03/12/27)		5,426		5,154,660
3.38%, 11/16/25		8,896		8,652,331
4.00%, 01/17/29 (Call 10/17/28)		3,550		3,427,166
4.00%, 09/18/42		3,539		3,024,972
4.38%, 11/16/45		2,969		2,624,555
4.38%, 08/17/48 (Call 02/17/48)		2,907		2,581,135
6.45%, 09/15/37		11,417		12,856,784
Becton Dickinson and Co.
1.96%, 02/11/31 (Call 11/11/30)		4,955		4,028,395
2.82%, 05/20/30 (Call 02/20/30)		4,107		3,602,067
3.70%, 06/06/27 (Call 03/06/27)		8,128		7,793,638
3.79%, 05/20/50 (Call 11/20/49)		2,372		1,832,673
4.30%, 08/22/32 (Call 05/22/32)		2,485		2,329,124
4.67%, 06/06/47 (Call 12/06/46)		4,102		3,632,902
4.69%, 02/13/28 (Call 01/13/28)		3,955		3,896,977
4.69%, 12/15/44 (Call 06/15/44)		5,190		4,656,919
4.87%, 02/08/29 (Call 01/08/29)		625		617,132
5.11%, 02/08/34 (Call 11/08/33)		565		555,901
Bristol-Myers Squibb Co.
0.75%, 11/13/25 (Call 10/13/25)		3,336		3,103,706
1.13%, 11/13/27 (Call 09/13/27)		3,361		2,945,701
1.45%, 11/13/30 (Call 08/13/30)		4,195		3,364,576
2.35%, 11/13/40 (Call 05/13/40)		1,959		1,314,235
2.55%, 11/13/50 (Call 05/13/50)		7,827		4,744,330
2.95%, 03/15/32 (Call 12/15/31)		4,585		3,961,361
3.20%, 06/15/26 (Call 04/15/26)		8,806		8,471,253
3.25%, 02/27/27		795		762,956
3.25%, 08/01/42		3,363		2,540,461
3.40%, 07/26/29 (Call 04/26/29)		8,177		7,621,550
3.45%, 11/15/27 (Call 08/15/27)		2,505		2,388,719
3.55%, 03/15/42 (Call 09/15/41)		3,485		2,747,579
3.70%, 03/15/52 (Call 09/15/51)		7,530		5,691,967
3.90%, 02/20/28 (Call 11/20/27)		9,188		8,873,037
3.90%, 03/15/62 (Call 09/15/61)		3,742		2,790,288
4.13%, 06/15/39 (Call 12/15/38)		9,931		8,654,754
4.25%, 10/26/49 (Call 04/26/49)		14,282		11,955,418
4.35%, 11/15/47 (Call 05/15/47)		5,529		4,696,151
4.50%, 03/01/44 (Call 09/01/43)		125		111,728
4.55%, 02/20/48 (Call 08/20/47)		6,151		5,410,689
4.63%, 05/15/44 (Call 11/15/43)		1,025		927,786
4.90%, 02/22/27 (Call 01/22/27)		1,795		1,792,729
4.90%, 02/22/29 (Call 01/22/29)		2,595		2,588,350
4.95%, 02/20/26		3,040		3,035,530
5.00%, 08/15/45 (Call 02/15/45)		1,350		1,284,960
5.10%, 02/22/31 (Call 12/22/30)		1,385		1,389,253
5.20%, 02/22/34 (Call 11/22/33)		8,210		8,272,588
5.50%, 02/22/44 (Call 08/22/43)		1,025		1,036,937
5.55%, 02/22/54 (Call 08/22/53)		5,180		5,242,330
5.65%, 02/22/64 (Call 08/22/63)		5,785		5,840,070
5.75%, 02/01/31 (Call 12/01/30)		3,945		4,109,524

Security	Par (000)		Value
Pharmaceuticals (continued)
5.90%, 11/15/33 (Call 08/15/33)(b)	$	4,225	$	4,473,609
6.25%, 11/15/53 (Call 05/15/53)		3,200		3,550,637
6.40%, 11/15/63 (Call 05/15/63)		3,021		3,369,551
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		2,885		2,734,045
3.75%, 09/15/25 (Call 06/15/25)		3,117		3,040,178
4.37%, 06/15/47 (Call 12/15/46)		2,249		1,845,088
4.50%, 11/15/44 (Call 05/15/44)		1,445		1,218,617
4.60%, 03/15/43		1,725		1,482,951
4.90%, 09/15/45 (Call 03/15/45)		1,957		1,730,655
5.13%, 02/15/29 (Call 01/15/29)		1,655		1,648,398
5.45%, 02/15/34 (Call 11/15/33)		1,235		1,235,412
Cencora Inc.
2.70%, 03/15/31 (Call 12/15/30)		4,800		4,092,282
2.80%, 05/15/30 (Call 02/15/30)		1,717		1,508,347
3.25%, 03/01/25 (Call 12/01/24)		2,167		2,119,397
3.45%, 12/15/27 (Call 09/15/27)		5,791		5,478,858
4.25%, 03/01/45 (Call 09/01/44)		2,210		1,920,832
4.30%, 12/15/47 (Call 06/15/47)		2,310		1,963,214
5.13%, 02/15/34 (Call 11/15/33)		625		613,395
Cigna Group (The)
1.25%, 03/15/26 (Call 02/15/26)(b)		1,731		1,599,213
2.38%, 03/15/31 (Call 12/15/30)		3,496		2,915,283
2.40%, 03/15/30 (Call 12/15/29)		6,487		5,561,243
3.05%, 10/15/27 (Call 07/15/27)		2,959		2,763,020
3.20%, 03/15/40 (Call 09/15/39)		3,105		2,318,918
3.25%, 04/15/25 (Call 01/15/25)		4,664		4,552,484
3.40%, 03/01/27 (Call 12/01/26)		6,501		6,190,682
3.40%, 03/15/50 (Call 09/15/49)		6,352		4,420,411
3.40%, 03/15/51 (Call 09/15/50)		4,160		2,892,865
3.88%, 10/15/47 (Call 04/15/47)		5,566		4,276,921
4.38%, 10/15/28 (Call 07/15/28)		13,493		13,103,834
4.50%, 02/25/26 (Call 11/27/25)		3,913		3,860,676
4.80%, 08/15/38 (Call 02/15/38)		9,649		8,948,678
4.80%, 07/15/46 (Call 01/16/46)		3,894		3,480,384
4.90%, 12/15/48 (Call 06/15/48)		11,073		9,947,765
5.00%, 05/15/29 (Call 04/15/29)		2,010		1,995,573
5.13%, 05/15/31 (Call 03/15/31)		2,000		1,977,301
5.25%, 02/15/34 (Call 11/15/33)		2,000		1,975,544
5.40%, 03/15/33 (Call 12/15/32)		3,455		3,475,719
5.60%, 02/15/54 (Call 08/15/53)		2,330		2,294,167
5.69%, 03/15/26 (Call 03/15/24)		2,215		2,214,814
6.13%, 11/15/41		2,453		2,593,726
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)		9,991		8,781,013
1.75%, 08/21/30 (Call 05/21/30)		5,385		4,366,899
1.88%, 02/28/31 (Call 11/28/30)		5,760		4,629,055
2.13%, 09/15/31 (Call 06/15/31)		4,810		3,881,488
2.70%, 08/21/40 (Call 02/21/40)		5,004		3,406,594
2.88%, 06/01/26 (Call 03/01/26)		6,945		6,600,667
3.00%, 08/15/26 (Call 06/15/26)		4,350		4,130,807
3.25%, 08/15/29 (Call 05/15/29)		7,813		7,108,426
3.63%, 04/01/27 (Call 02/01/27)		4,833		4,633,288
3.75%, 04/01/30 (Call 01/01/30)		4,308		3,975,022
3.88%, 07/20/25 (Call 04/20/25)		11,938		11,695,628
4.10%, 03/25/25 (Call 01/25/25)		4,593		4,536,304
4.13%, 04/01/40 (Call 10/01/39)		4,336		3,559,653
4.25%, 04/01/50 (Call 10/01/49)		3,153		2,518,392
4.30%, 03/25/28 (Call 12/25/27)		13,950		13,543,692
4.78%, 03/25/38 (Call 09/25/37)		19,010		17,294,651
4.88%, 07/20/35 (Call 01/20/35)		3,784		3,609,176

72 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
5.00%, 02/20/26 (Call 01/20/26)	$	5,216	$	5,192,748
5.00%, 01/30/29 (Call 12/30/28)		4,210		4,192,718
5.05%, 03/25/48 (Call 09/25/47)		31,009		27,704,948
5.13%, 02/21/30 (Call 12/21/29)		4,225		4,199,712
5.13%, 07/20/45 (Call 01/20/45)		12,939		11,780,072
5.25%, 01/30/31 (Call 11/30/30)		3,240		3,234,656
5.25%, 02/21/33 (Call 11/21/32)		5,766		5,709,060
5.30%, 06/01/33 (Call 03/01/33)		5,111		5,074,956
5.30%, 12/05/43 (Call 06/05/43)		3,222		2,993,577
5.63%, 02/21/53 (Call 08/21/52)		4,960		4,761,870
5.88%, 06/01/53 (Call 12/01/52)		5,110		5,091,924
6.00%, 06/01/63 (Call 12/01/62)(b)		1,935		1,937,856
6.13%, 09/15/39		2,223		2,283,157
6.25%, 06/01/27		1,470		1,521,884
Eli Lilly & Co.
2.25%, 05/15/50 (Call 11/15/49)		6,552		3,971,098
2.50%, 09/15/60 (Call 03/15/60)		3,015		1,754,103
2.75%, 06/01/25 (Call 03/01/25)		4,025		3,912,742
3.10%, 05/15/27 (Call 02/15/27)		5,559		5,289,006
3.38%, 03/15/29 (Call 12/15/28)		5,725		5,393,999
3.70%, 03/01/45 (Call 09/01/44)		475		392,433
3.95%, 05/15/47 (Call 11/15/46)		1,608		1,383,018
3.95%, 03/15/49 (Call 09/15/48)		610		511,496
4.15%, 03/15/59 (Call 09/15/58)		1,371		1,152,793
4.50%, 02/09/27 (Call 01/09/27)		3,835		3,818,915
4.50%, 02/09/29 (Call 01/09/29)		3,885		3,863,896
4.70%, 02/27/33 (Call 11/27/32)		3,310		3,282,147
4.70%, 02/09/34 (Call 11/09/33)		4,415		4,359,463
4.88%, 02/27/53 (Call 08/27/52)		3,419		3,314,128
4.95%, 02/27/63 (Call 08/27/62)		2,025		1,948,974
5.00%, 02/27/26 (Call 03/11/24)		125		124,978
5.00%, 02/09/54 (Call 08/09/53)		2,640		2,602,081
5.10%, 02/09/64 (Call 08/09/63)		3,825		3,760,476
5.50%, 03/15/27		500		511,644
5.55%, 03/15/37		2,060		2,172,204
GlaxoSmithKline Capital Inc.
3.63%, 05/15/25		5,287		5,194,740
3.88%, 05/15/28		8,968		8,671,171
4.20%, 03/18/43		2,884		2,533,989
5.38%, 04/15/34(b)		2,836		2,991,263
6.38%, 05/15/38		8,723		9,780,269
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29)		4,438		4,164,473
Johnson & Johnson
0.55%, 09/01/25 (Call 08/01/25)		3,202		3,003,322
0.95%, 09/01/27 (Call 07/01/27)		3,856		3,409,830
1.30%, 09/01/30 (Call 06/01/30)		3,663		2,999,411
2.10%, 09/01/40 (Call 03/01/40)		4,346		2,952,854
2.25%, 09/01/50 (Call 03/01/50)(b)		3,971		2,453,926
2.45%, 03/01/26 (Call 12/01/25)		4,930		4,717,449
2.45%, 09/01/60 (Call 03/01/60)		4,533		2,669,360
2.90%, 01/15/28 (Call 10/15/27)(b)		8,061		7,623,887
2.95%, 03/03/27 (Call 12/03/26)		5,475		5,233,077
3.40%, 01/15/38 (Call 07/15/37)		4,705		3,991,627
3.50%, 01/15/48 (Call 07/15/47)		3,285		2,585,729
3.55%, 03/01/36 (Call 09/01/35)		4,441		3,925,386
3.63%, 03/03/37 (Call 09/03/36)		6,546		5,784,432
3.70%, 03/01/46 (Call 09/01/45)		7,689		6,299,719
3.75%, 03/03/47 (Call 09/03/46)		4,186		3,441,580
4.38%, 12/05/33 (Call 06/05/33)		4,123		4,072,094
4.50%, 09/01/40		2,377		2,258,469

Security	Par (000)		Value
Pharmaceuticals (continued)
4.50%, 12/05/43 (Call 06/05/43)	$	2,243	$	2,110,478
4.85%, 05/15/41		1,267		1,254,566
4.95%, 05/15/33		1,004		1,041,129
5.85%, 07/15/38		3,158		3,470,113
5.95%, 08/15/37		3,864		4,259,664
6.95%, 09/01/29(b)		1,493		1,673,329
McKesson Corp.
0.90%, 12/03/25 (Call 11/03/25)		3,025		2,808,814
1.30%, 08/15/26 (Call 07/15/26)		3,472		3,168,511
3.95%, 02/16/28 (Call 11/16/27)		2,392		2,321,090
4.90%, 07/15/28 (Call 06/15/28)		1,146		1,146,214
5.10%, 07/15/33 (Call 04/15/33)		1,210		1,205,320
5.25%, 02/15/26 (Call 04/01/24)		1,390		1,389,701
Mead Johnson Nutrition Co.
4.13%, 11/15/25 (Call 08/15/25)		5,276		5,176,408
4.60%, 06/01/44 (Call 12/01/43)		2,798		2,531,659
5.90%, 11/01/39		865		902,333
Merck & Co. Inc.
0.75%, 02/24/26 (Call 01/24/26)		5,127		4,740,743
1.45%, 06/24/30 (Call 03/24/30)		3,169		2,590,107
1.70%, 06/10/27 (Call 05/10/27)		7,405		6,706,500
1.90%, 12/10/28 (Call 10/10/28)		5,899		5,207,294
2.15%, 12/10/31 (Call 09/10/31)		8,145		6,754,810
2.35%, 06/24/40 (Call 12/24/39)		4,911		3,400,175
2.45%, 06/24/50 (Call 12/24/49)		5,525		3,391,097
2.75%, 12/10/51 (Call 06/10/51)		5,560		3,604,738
2.90%, 12/10/61 (Call 06/10/61)		6,206		3,843,897
3.40%, 03/07/29 (Call 12/07/28)		7,831		7,355,013
3.60%, 09/15/42 (Call 03/15/42)		2,540		2,055,866
3.70%, 02/10/45 (Call 08/10/44)		8,374		6,770,399
3.90%, 03/07/39 (Call 09/07/38)		4,545		3,972,571
4.00%, 03/07/49 (Call 09/07/48)		5,888		4,903,417
4.05%, 05/17/28 (Call 04/17/28)(b)		2,405		2,355,839
4.15%, 05/18/43		4,892		4,270,042
4.30%, 05/17/30 (Call 03/17/30)		3,964		3,857,525
4.50%, 05/17/33 (Call 02/17/33)		2,530		2,460,937
4.90%, 05/17/44 (Call 11/17/43)		2,600		2,495,993
5.00%, 05/17/53 (Call 11/17/52)		6,395		6,198,679
5.15%, 05/17/63 (Call 11/17/62)		1,825		1,784,304
6.50%, 12/01/33		2,468		2,782,042
6.55%, 09/15/37		1,360		1,526,133
Merck Sharp & Dohme Corp.
5.75%, 11/15/36		1,255		1,341,197
5.95%, 12/01/28		3,988		4,183,665
Mylan Inc.
4.55%, 04/15/28 (Call 01/15/28)		3,455		3,331,881
5.20%, 04/15/48 (Call 10/15/47)		2,945		2,411,577
5.40%, 11/29/43 (Call 05/29/43)		2,189		1,889,746
Novartis Capital Corp.
2.00%, 02/14/27 (Call 12/14/26)		7,491		6,942,614
2.20%, 08/14/30 (Call 05/14/30)		3,778		3,245,219
2.75%, 08/14/50 (Call 02/14/50)		4,758		3,170,362
3.00%, 11/20/25 (Call 08/20/25)		7,246		7,019,864
3.10%, 05/17/27 (Call 02/17/27)		3,095		2,944,882
3.70%, 09/21/42		2,220		1,840,073
4.00%, 11/20/45 (Call 05/20/45)		4,671		3,971,377
4.40%, 05/06/44		8,108		7,379,167
Pfizer Inc.
0.80%, 05/28/25 (Call 04/28/25)		4,777		4,534,729
1.70%, 05/28/30 (Call 02/28/30)		4,436		3,695,860
1.75%, 08/18/31 (Call 05/18/31)		4,510		3,633,951

S C H E D U L E O F I N V E S T M E N T S 73

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
2.55%, 05/28/40 (Call 11/28/39)	$	5,230	$	3,665,069
2.63%, 04/01/30 (Call 01/01/30)		6,243		5,519,566
2.70%, 05/28/50 (Call 11/28/49)		3,750		2,468,796
2.75%, 06/03/26		5,588		5,345,267
3.00%, 12/15/26		8,040		7,666,303
3.45%, 03/15/29 (Call 12/15/28)		7,853		7,381,918
3.60%, 09/15/28 (Call 06/15/28)		3,333		3,183,711
3.90%, 03/15/39 (Call 09/15/38)		4,078		3,476,804
4.00%, 12/15/36		3,842		3,451,067
4.00%, 03/15/49 (Call 09/15/48)		6,217		5,133,584
4.10%, 09/15/38 (Call 03/15/38)		4,357		3,871,582
4.13%, 12/15/46		3,272		2,743,897
4.20%, 09/15/48 (Call 03/15/48)		3,170		2,694,198
4.30%, 06/15/43		3,038		2,657,528
4.40%, 05/15/44		4,194		3,767,625
5.60%, 09/15/40		3,009		3,086,735
7.20%, 03/15/39		9,813		11,660,673
Pfizer Investment Enterprises Pte Ltd.
4.45%, 05/19/26 (Call 04/19/26)		12,520		12,358,262
4.45%, 05/19/28 (Call 04/19/28)		14,635		14,353,491
4.65%, 05/19/25		12,815		12,735,790
4.65%, 05/19/30 (Call 03/19/30)		5,240		5,155,112
4.75%, 05/19/33 (Call 02/19/33)		19,481		18,983,399
5.11%, 05/19/43 (Call 11/19/42)		4,575		4,399,955
5.30%, 05/19/53 (Call 11/19/52)		28,050		27,472,524
5.34%, 05/19/63 (Call 11/19/62)		7,780		7,495,572
Pharmacia LLC, 6.60%, 12/01/28		7,154		7,660,968
Sanofi SA, 3.63%, 06/19/28 (Call 03/19/28)		6,426		6,199,781
Shire Acquisitions Investments Ireland DAC,
3.20%, 09/23/26 (Call 06/23/26)		12,653		12,055,883
Takeda Pharmaceutical Co. Ltd.
2.05%, 03/31/30 (Call 12/31/29)		10,118		8,502,163
3.03%, 07/09/40 (Call 01/09/40)		6,131		4,564,575
3.18%, 07/09/50 (Call 01/09/50)		8,340		5,714,931
3.38%, 07/09/60 (Call 01/09/60)		3,296		2,200,450
5.00%, 11/26/28 (Call 08/26/28)		9,251		9,226,863
Utah Acquisition Sub Inc.
3.95%, 06/15/26 (Call 03/15/26)		7,702		7,431,946
5.25%, 06/15/46 (Call 12/15/45)		3,682		3,024,482
Viatris Inc.
1.65%, 06/22/25 (Call 05/22/25)		4,017		3,811,245
2.30%, 06/22/27 (Call 04/22/27)		3,753		3,393,956
2.70%, 06/22/30 (Call 03/22/30)		5,595		4,706,413
3.85%, 06/22/40 (Call 12/22/39)		6,091		4,471,111
4.00%, 06/22/50 (Call 12/22/49)		7,821		5,329,110
Wyeth LLC
5.95%, 04/01/37		10,216		10,900,056
6.00%, 02/15/36		3,239		3,463,788
6.50%, 02/01/34		4,024		4,429,287
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)		4,715		3,954,465
3.00%, 09/12/27 (Call 06/12/27)		4,631		4,334,784
3.00%, 05/15/50 (Call 11/15/49)		760		520,222
3.90%, 08/20/28 (Call 05/20/28)		2,659		2,556,203
3.95%, 09/12/47 (Call 03/12/47)		2,354		1,896,078
4.45%, 08/20/48 (Call 02/20/48)		1,904		1,665,554
4.50%, 11/13/25 (Call 08/13/25)		5,661		5,589,745
4.70%, 02/01/43 (Call 08/01/42)		4,920		4,494,362
5.40%, 11/14/25 (Call 10/14/25)		2,575		2,579,168
5.60%, 11/16/32 (Call 08/16/32)		1,015		1,048,935
				1,438,641,774

Security	Par (000)		Value
Pipelines — 0.9%
Boardwalk Pipelines LP
3.40%, 02/15/31 (Call 11/15/30)	$	1,882	$	1,660,652
3.60%, 09/01/32 (Call 06/01/32)		1,080		937,947
4.45%, 07/15/27 (Call 04/15/27)		1,297		1,264,249
4.80%, 05/03/29 (Call 02/03/29)		2,461		2,391,246
5.63%, 08/01/34 (Call 05/01/34)		1,525		1,511,308
5.95%, 06/01/26 (Call 03/01/26)		2,969		2,990,480
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39 (Call 07/04/39)		3,865		3,032,861
3.70%, 11/15/29 (Call 05/18/29)		5,350		4,939,535
5.13%, 06/30/27 (Call 01/01/27)		3,877		3,858,359
5.88%, 03/31/25 (Call 10/02/24)		6,808		6,805,806
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 03/11/24)		2,032		1,951,646
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)		3,727		3,114,997
4.00%, 03/01/31 (Call 03/01/26)		3,099		2,767,788
4.50%, 10/01/29 (Call 10/01/24)(b)		6,260		5,867,899
5.95%, 06/30/33 (Call 12/30/32)		2,471		2,480,833
Columbia Pipeline Group Inc.
4.50%, 06/01/25 (Call 03/01/25)		6,210		6,119,310
5.80%, 06/01/45 (Call 12/01/44)		2,742		2,647,181
DCP Midstream Operating LP
3.25%, 02/15/32 (Call 08/15/31)		1,225		1,043,955
5.13%, 05/15/29 (Call 02/15/29)		1,815		1,792,509
5.38%, 07/15/25 (Call 04/15/25)		1,719		1,715,942
5.60%, 04/01/44 (Call 10/01/43)		825		787,690
5.63%, 07/15/27 (Call 04/15/27)		1,040		1,045,368
8.13%, 08/16/30		680		775,225
Eastern Gas Transmission & Storage Inc.
3.00%, 11/15/29 (Call 08/15/29)		2,604		2,315,979
4.60%, 12/15/44 (Call 06/15/44)		2,371		2,013,135
4.80%, 11/01/43 (Call 05/01/43)		2,108		1,857,052
Enbridge Energy Partners LP
5.50%, 09/15/40 (Call 03/15/40)		2,300		2,228,862
5.88%, 10/15/25 (Call 07/15/25)		2,757		2,773,091
7.38%, 10/15/45 (Call 04/15/45)		3,074		3,548,456
Series B, 7.50%, 04/15/38		1,935		2,236,473
Enbridge Inc.
1.60%, 10/04/26 (Call 09/04/26)		2,398		2,192,131
2.50%, 08/01/33 (Call 05/01/33)		5,025		3,970,878
3.13%, 11/15/29 (Call 08/15/29)		4,355		3,934,301
3.40%, 08/01/51 (Call 02/01/51)		2,690		1,875,790
3.70%, 07/15/27 (Call 04/15/27)		3,162		3,019,339
4.00%, 11/15/49 (Call 05/15/49)		1,808		1,397,992
4.25%, 12/01/26 (Call 09/01/26)		3,526		3,448,970
4.50%, 06/10/44 (Call 12/10/43)		1,583		1,319,132
5.50%, 12/01/46 (Call 06/01/46)		1,106		1,067,871
5.70%, 03/08/33 (Call 12/08/32)		4,220		4,271,518
5.90%, 11/15/26 (Call 10/15/26)		2,960		3,015,598
5.97%, 03/08/26 (Call 03/08/24)		674		673,801
6.00%, 11/15/28 (Call 10/15/28)		2,190		2,267,710
6.20%, 11/15/30 (Call 09/15/30)		1,245		1,305,387
6.70%, 11/15/53 (Call 05/15/53)(b)		3,065		3,418,641
Energy Transfer LP
2.90%, 05/15/25 (Call 04/15/25)		4,480		4,336,831
3.75%, 05/15/30 (Call 02/15/30)		4,556		4,156,830
3.90%, 07/15/26 (Call 04/15/26)		2,489		2,406,640
4.00%, 10/01/27 (Call 07/01/27)		4,396		4,204,050
4.05%, 03/15/25 (Call 12/15/24)		4,046		3,982,252
4.15%, 09/15/29 (Call 06/15/29)		2,832		2,670,145

74 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
4.20%, 04/15/27 (Call 01/15/27)	$	2,467	$	2,391,293
4.40%, 03/15/27 (Call 12/15/26)		3,609		3,514,983
4.75%, 01/15/26 (Call 10/15/25)		5,017		4,960,064
4.90%, 03/15/35 (Call 09/15/34)		1,525		1,422,303
4.95%, 05/15/28 (Call 02/15/28)		2,473		2,440,127
4.95%, 06/15/28 (Call 03/15/28)		4,304		4,237,739
4.95%, 01/15/43 (Call 07/15/42)		1,975		1,701,766
5.00%, 05/15/44 (Call 11/15/43)		1,895		1,640,384
5.00%, 05/15/50 (Call 11/15/49)		7,999		6,897,136
5.15%, 02/01/43 (Call 08/01/42)		2,471		2,174,917
5.15%, 03/15/45 (Call 09/15/44)		1,648		1,470,526
5.25%, 04/15/29 (Call 01/15/29)		5,627		5,605,006
5.30%, 04/01/44 (Call 10/01/43)		3,389		3,068,861
5.30%, 04/15/47 (Call 10/15/46)		3,825		3,416,780
5.35%, 05/15/45 (Call 11/15/44)		3,718		3,363,701
5.40%, 10/01/47 (Call 04/01/47)		5,983		5,410,808
5.50%, 06/01/27 (Call 03/01/27)		3,448		3,461,211
5.55%, 02/15/28 (Call 01/15/28)		3,090		3,115,854
5.55%, 05/15/34 (Call 02/15/34)(b)		2,165		2,143,503
5.75%, 02/15/33 (Call 11/15/32)		4,345		4,371,765
5.95%, 12/01/25 (Call 09/01/25)		2,333		2,345,970
5.95%, 10/01/43 (Call 04/01/43)		1,563		1,523,465
5.95%, 05/15/54 (Call 11/15/53)		4,205		4,112,061
6.00%, 06/15/48 (Call 12/15/47)		4,155		4,067,428
6.05%, 12/01/26 (Call 11/01/26)		4,810		4,899,084
6.05%, 06/01/41 (Call 12/01/40)		2,304		2,284,120
6.10%, 12/01/28 (Call 11/01/28)		1,475		1,525,934
6.10%, 02/15/42(b)		1,745		1,729,837
6.13%, 12/15/45 (Call 06/15/45)		4,133		4,107,827
6.25%, 04/15/49 (Call 10/15/48)		7,209		7,273,658
6.40%, 12/01/30 (Call 10/01/30)		2,920		3,063,046
6.50%, 02/01/42 (Call 08/01/41)		2,107		2,202,263
6.55%, 12/01/33 (Call 09/01/33)		4,106		4,352,557
6.63%, 10/15/36		2,205		2,317,104
7.50%, 07/01/38		2,570		2,919,277
Series 20Y, 5.80%, 06/15/38 (Call 12/15/37)		1,714		1,691,597
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)		4,431		3,933,837
3.13%, 07/31/29 (Call 04/30/29)		5,681		5,197,479
3.20%, 02/15/52 (Call 08/15/51)		5,005		3,416,732
3.30%, 02/15/53 (Call 08/15/52)		2,665		1,859,291
3.70%, 02/15/26 (Call 11/15/25)		5,217		5,087,883
3.70%, 01/31/51 (Call 07/31/50)		4,437		3,346,978
3.95%, 02/15/27 (Call 11/15/26)		4,274		4,160,472
3.95%, 01/31/60 (Call 07/31/59)		3,742		2,830,326
4.15%, 10/16/28 (Call 07/16/28)		4,981		4,808,380
4.20%, 01/31/50 (Call 07/31/49)		5,320		4,392,184
4.25%, 02/15/48 (Call 08/15/47)		5,075		4,242,696
4.45%, 02/15/43 (Call 08/15/42)		3,991		3,472,832
4.60%, 01/11/27 (Call 12/11/26)		2,510		2,492,577
4.80%, 02/01/49 (Call 08/01/48)		5,408		4,897,453
4.85%, 01/31/34 (Call 10/31/33)		2,120		2,064,718
4.85%, 08/15/42 (Call 02/15/42)		3,494		3,196,020
4.85%, 03/15/44 (Call 09/15/43)		5,267		4,821,177
4.90%, 05/15/46 (Call 11/15/45)		3,327		3,037,245
4.95%, 10/15/54 (Call 04/15/54)		1,957		1,784,503
5.05%, 01/10/26		4,232		4,230,378
5.10%, 02/15/45 (Call 08/15/44)		4,834		4,525,690
5.35%, 01/31/33 (Call 10/31/32)		4,287		4,334,570

Security	Par (000)		Value
Pipelines (continued)
5.38%, 02/15/78 (Call 02/15/28),
(3-mo. SOFR + 2.832%)(a)	$	2,885	$	2,669,501
5.70%, 02/15/42		1,437		1,449,581
5.95%, 02/01/41		3,139		3,273,008
6.13%, 10/15/39		2,352		2,465,164
6.45%, 09/01/40		2,360		2,577,895
7.55%, 04/15/38		2,649		3,151,342
Series D, 6.88%, 03/01/33		1,340		1,491,142
Series E, 5.25%, 08/16/77 (Call 08/16/27),
(3-mo. SOFR + 3.295%)(a)		4,046		3,846,712
Series H, 6.65%, 10/15/34		1,580		1,744,368
Kinder Morgan Energy Partners LP
4.70%, 11/01/42 (Call 05/01/42)		2,117		1,777,998
5.00%, 08/15/42 (Call 02/15/42)		3,080		2,679,938
5.00%, 03/01/43 (Call 09/01/42)		3,330		2,900,721
5.40%, 09/01/44 (Call 03/01/44)		2,290		2,088,679
5.50%, 03/01/44 (Call 09/01/43)		3,425		3,166,620
5.63%, 09/01/41		2,152		2,024,769
5.80%, 03/15/35		1,976		1,983,506
6.38%, 03/01/41		2,651		2,693,932
6.50%, 02/01/37		1,561		1,607,722
6.50%, 09/01/39		2,622		2,699,794
6.55%, 09/15/40		2,128		2,208,183
6.95%, 01/15/38		5,103		5,502,863
7.30%, 08/15/33		1,535		1,704,000
7.40%, 03/15/31(b)		991		1,095,729
7.50%, 11/15/40		1,794		1,999,984
7.75%, 03/15/32		1,376		1,548,459
Kinder Morgan Inc.
1.75%, 11/15/26 (Call 10/15/26)		3,190		2,912,577
2.00%, 02/15/31 (Call 11/15/30)		1,260		1,021,898
3.25%, 08/01/50 (Call 02/01/50)		2,417		1,563,140
3.60%, 02/15/51 (Call 08/15/50)		2,200		1,510,231
4.30%, 06/01/25 (Call 03/01/25)		7,265		7,158,507
4.30%, 03/01/28 (Call 12/01/27)		5,571		5,401,744
4.80%, 02/01/33 (Call 11/01/32)		3,846		3,628,962
5.00%, 02/01/29 (Call 01/01/29)		3,545		3,516,833
5.05%, 02/15/46 (Call 08/15/45)		3,608		3,137,692
5.20%, 06/01/33 (Call 03/01/33)(b)		3,400		3,307,139
5.20%, 03/01/48 (Call 09/01/47)		3,243		2,880,913
5.30%, 12/01/34 (Call 06/01/34)		3,798		3,701,447
5.40%, 02/01/34 (Call 11/01/33)		3,850		3,783,524
5.45%, 08/01/52 (Call 02/01/52)		3,440		3,168,420
5.55%, 06/01/45 (Call 12/01/44)		6,890		6,464,264
7.75%, 01/15/32		4,944		5,567,600
7.80%, 08/01/31		2,377		2,658,297
Magellan Midstream Partners LP
3.95%, 03/01/50 (Call 09/01/49)		3,709		2,700,468
5.00%, 03/01/26 (Call 12/01/25)		4,121		4,091,771
MPLX LP
1.75%, 03/01/26 (Call 02/01/26)		7,013		6,541,805
2.65%, 08/15/30 (Call 05/15/30)		5,708		4,857,679
4.00%, 03/15/28 (Call 12/15/27)		5,115		4,898,505
4.13%, 03/01/27 (Call 12/01/26)		5,842		5,664,444
4.25%, 12/01/27 (Call 09/01/27)		3,802		3,676,049
4.50%, 04/15/38 (Call 10/15/37)		7,835		6,827,168
4.70%, 04/15/48 (Call 10/15/47)		6,659		5,574,786
4.80%, 02/15/29 (Call 11/15/28)		3,530		3,460,641
4.88%, 06/01/25 (Call 03/01/25)		6,037		5,980,604
4.90%, 04/15/58 (Call 10/15/57)		1,301		1,077,163
4.95%, 09/01/32 (Call 06/01/32)		4,185		4,005,980

S C H E D U L E O F I N V E S T M E N T S 75

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
4.95%, 03/14/52 (Call 09/14/51)	$	5,740	$	4,943,302
5.00%, 03/01/33 (Call 12/01/32)		2,520		2,410,835
5.20%, 03/01/47 (Call 09/01/46)		3,948		3,545,455
5.20%, 12/01/47 (Call 06/01/47)		2,676		2,383,191
5.50%, 02/15/49 (Call 08/15/48)		5,931		5,553,428
5.65%, 03/01/53 (Call 09/01/52)		1,270		1,209,182
Northwest Pipeline LLC, 4.00%, 04/01/27 (Call 01/01/27)		2,304		2,236,028
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		1,995		1,897,558
3.10%, 03/15/30 (Call 12/15/29)		1,953		1,730,225
3.25%, 06/01/30		1,807		1,614,547
3.40%, 09/01/29 (Call 06/01/29)		3,253		2,971,022
4.00%, 07/13/27 (Call 04/13/27)		2,696		2,597,450
4.20%, 10/03/47 (Call 04/03/47)		2,278		1,743,027
4.25%, 09/15/46		1,998		1,556,782
4.35%, 03/15/29 (Call 12/15/28)		3,078		2,963,240
4.45%, 09/01/49 (Call 03/01/49)		2,778		2,215,469
4.50%, 03/15/50 (Call 09/15/49)		1,726		1,380,817
4.55%, 07/15/28 (Call 04/15/28)		3,521		3,440,018
4.85%, 02/01/49		2,098		1,790,239
4.95%, 07/13/47 (Call 01/06/47)		3,185		2,741,735
5.15%, 10/15/43(b)		2,476		2,236,260
5.20%, 07/15/48 (Call 01/15/48)		3,984		3,596,798
5.55%, 11/01/26 (Call 10/01/26)		4,165		4,194,939
5.65%, 11/01/28 (Call 10/01/28)		4,035		4,106,398
5.80%, 11/01/30 (Call 09/01/30)		2,690		2,753,639
5.85%, 01/15/26 (Call 12/15/25)		2,696		2,719,802
6.00%, 06/15/35(b)		1,169		1,177,879
6.05%, 09/01/33 (Call 06/01/33)		4,495		4,631,571
6.10%, 11/15/32 (Call 08/15/32)		1,225		1,268,794
6.35%, 01/15/31 (Call 10/15/30)		2,440		2,558,682
6.63%, 09/01/53 (Call 03/01/53)		2,330		2,507,615
7.15%, 01/15/51 (Call 07/15/50)		1,550		1,718,993
ONEOK Partners LP
4.90%, 03/15/25 (Call 12/15/24)		4,040		4,009,684
6.13%, 02/01/41 (Call 08/01/40)		2,620		2,662,327
6.20%, 09/15/43 (Call 03/15/43)		1,322		1,349,305
6.65%, 10/01/36		2,693		2,848,268
6.85%, 10/15/37		2,285		2,449,993
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)		3,773		3,420,436
3.80%, 09/15/30 (Call 06/15/30)		2,764		2,518,101
4.30%, 01/31/43 (Call 07/31/42)		1,722		1,361,509
4.50%, 12/15/26 (Call 09/15/26)		4,450		4,365,114
4.65%, 10/15/25 (Call 07/15/25)		5,708		5,630,359
4.70%, 06/15/44 (Call 12/15/43)(b)		2,950		2,439,868
4.90%, 02/15/45 (Call 08/15/44)		2,646		2,227,984
5.15%, 06/01/42 (Call 12/01/41)		2,284		2,015,413
6.65%, 01/15/37		2,977		3,141,576
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		5,349		5,161,221
4.50%, 05/15/30 (Call 11/15/29)		3,337		3,194,653
5.00%, 03/15/27 (Call 09/15/26)		8,108		8,050,380
5.63%, 03/01/25 (Call 12/01/24)		9,032		9,020,962
5.88%, 06/30/26 (Call 12/31/25)		2,947		2,970,968
5.90%, 09/15/37 (Call 03/15/37)		3,300		3,415,593
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		2,693		2,572,372
3.50%, 03/15/25 (Call 12/15/24)		2,744		2,690,145

Security	Par (000)		Value
Pipelines (continued)
4.50%, 03/15/45 (Call 09/15/44)	$	4,022	$	3,369,608
5.95%, 09/25/43 (Call 03/25/43)		1,791		1,780,158
Targa Resources Corp.
4.20%, 02/01/33 (Call 11/01/32)		3,125		2,811,734
4.95%, 04/15/52 (Call 10/15/51)		3,275		2,802,428
5.20%, 07/01/27 (Call 06/01/27)		4,015		3,992,541
6.13%, 03/15/33 (Call 12/15/32)		2,940		3,029,412
6.15%, 03/01/29 (Call 02/01/29)		1,795		1,850,665
6.25%, 07/01/52 (Call 01/01/52)		2,022		2,046,785
6.50%, 03/30/34 (Call 12/30/33)		2,980		3,163,945
6.50%, 02/15/53 (Call 08/15/52)		3,615		3,805,296
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)		3,805		3,395,764
4.88%, 02/01/31 (Call 02/01/26)		4,190		3,976,094
5.00%, 01/15/28 (Call 04/01/24)		2,970		2,908,414
5.50%, 03/01/30 (Call 03/01/25)		3,935		3,889,768
6.50%, 07/15/27 (Call 04/01/24)		4,920		4,974,949
6.88%, 01/15/29 (Call 04/01/24)		2,730		2,814,825
TC PipeLines LP
3.90%, 05/25/27 (Call 02/25/27)		4,950		4,717,892
4.38%, 03/13/25 (Call 12/13/24)		3,578		3,523,251
Tennessee Gas Pipeline Co. LLC
7.00%, 03/15/27(b)		2,183		2,291,209
7.00%, 10/15/28		1,400		1,494,988
7.63%, 04/01/37		560		630,203
Texas Eastern Transmission LP, 7.00%, 07/15/32		1,172		1,296,237
TransCanada PipeLines Ltd.
2.50%, 10/12/31 (Call 07/12/31)		3,584		2,937,013
4.10%, 04/15/30 (Call 01/15/30)		1,925		1,803,053
4.25%, 05/15/28 (Call 02/15/28)		6,789		6,538,469
4.63%, 03/01/34 (Call 12/01/33)		5,859		5,430,742
4.75%, 05/15/38 (Call 11/15/37)		2,105		1,902,359
4.88%, 01/15/26 (Call 10/15/25)		4,590		4,549,986
4.88%, 05/15/48 (Call 11/15/47)		4,425		3,860,004
5.00%, 10/16/43 (Call 04/16/43)		3,086		2,755,946
5.10%, 03/15/49 (Call 09/15/48)		4,636		4,246,416
5.60%, 03/31/34		1,291		1,289,215
5.85%, 03/15/36		2,393		2,391,266
6.10%, 06/01/40		3,211		3,280,071
6.20%, 03/09/26 (Call 03/18/24)		1,025		1,025,041
6.20%, 10/15/37		4,918		5,059,774
7.25%, 08/15/38		2,961		3,337,940
7.63%, 01/15/39		3,519		4,100,077
Transcontinental Gas Pipe Line Co. LLC
3.25%, 05/15/30 (Call 02/15/30)		3,234		2,909,788
3.95%, 05/15/50 (Call 11/15/49)		2,264		1,761,154
4.00%, 03/15/28 (Call 12/15/27)		2,069		1,984,954
4.45%, 08/01/42 (Call 02/01/42)		1,963		1,703,539
4.60%, 03/15/48 (Call 09/15/47)		2,715		2,374,011
5.40%, 08/15/41 (Call 02/15/41)		2,067		2,015,920
7.85%, 02/01/26 (Call 11/01/25)		5,542		5,756,357
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27)		3,446		3,351,119
Western Midstream Operating LP
3.95%, 06/01/25 (Call 03/01/25)		705		688,928
4.05%, 02/01/30 (Call 11/01/29)		3,640		3,367,620
4.50%, 03/01/28 (Call 12/01/27)		1,044		999,824
4.65%, 07/01/26 (Call 04/01/26)		820		801,625
4.75%, 08/15/28 (Call 05/15/28)		565		546,242

76 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
5.25%, 02/01/50 (Call 08/01/49)	$	3,120	$	2,764,019
5.30%, 03/01/48 (Call 09/01/47)		1,710		1,474,890
5.45%, 04/01/44 (Call 10/01/43)		905		812,969
5.50%, 08/15/48 (Call 02/15/48)		1,680		1,474,968
6.15%, 04/01/33 (Call 01/01/33)		2,775		2,821,373
6.35%, 01/15/29 (Call 12/15/28)		1,500		1,548,726
Williams Companies Inc. (The)
2.60%, 03/15/31 (Call 12/15/30)		2,517		2,120,378
3.50%, 11/15/30 (Call 08/15/30)		2,994		2,699,928
3.50%, 10/15/51 (Call 04/15/51)		2,625		1,828,739
3.75%, 06/15/27 (Call 03/15/27)		6,169		5,900,699
4.00%, 09/15/25 (Call 06/15/25)		5,146		5,045,762
4.65%, 08/15/32 (Call 05/15/32)		4,235		4,027,163
4.85%, 03/01/48 (Call 09/01/47)		3,836		3,366,578
4.90%, 03/15/29 (Call 02/15/29)		2,840		2,804,778
4.90%, 01/15/45 (Call 07/15/44)		2,086		1,837,303
5.10%, 09/15/45 (Call 03/15/45)		3,043		2,778,505
5.15%, 03/15/34 (Call 12/15/33)		2,100		2,052,449
5.30%, 08/15/28 (Call 07/15/28)		4,615		4,644,198
5.30%, 08/15/52 (Call 02/15/52)		2,585		2,418,410
5.40%, 03/02/26		2,110		2,114,912
5.40%, 03/04/44 (Call 09/04/43)		2,666		2,497,434
5.65%, 03/15/33 (Call 12/15/32)		4,235		4,304,295
5.75%, 06/24/44 (Call 12/24/43)		2,251		2,202,942
5.80%, 11/15/43 (Call 05/15/43)		2,060		2,016,510
6.30%, 04/15/40		5,184		5,368,263
8.75%, 03/15/32		735		874,728
Series A, 7.50%, 01/15/31		1,250		1,388,659
				900,296,226
Real Estate — 0.0%
American Homes 4 Rent LP, 5.50%, 02/01/34 (Call 11/01/33)		1,525		1,497,052
AvalonBay Communities Inc., 5.30%, 12/07/33 (Call 09/07/33)		2,300		2,305,818
Brixmor Operating Partnership LP, 5.50%, 02/15/34 (Call 11/15/33)		1,010		983,200
Camden Property Trust, 4.90%, 01/15/34 (Call 10/15/33)		1,150		1,103,599
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)(b)		2,613		2,145,797
4.88%, 03/01/26 (Call 12/01/25)		3,454		3,412,467
5.50%, 04/01/29 (Call 03/01/29)		180		180,059
5.95%, 08/15/34 (Call 05/15/34)		2,155		2,176,891
Essential Properties LP, 2.95%, 07/15/31 (Call 04/15/31)		1,987		1,559,874
Jones Lang LaSalle Inc., 6.88%, 12/01/28 (Call 11/01/28)		610		641,299
Kilroy Realty LP, 6.25%, 01/15/36 (Call 10/15/35)		390		375,413
Mid-America Apartments LP, 5.00%, 03/15/34 (Call 12/15/33)		800		778,624
Prologis LP
5.00%, 03/15/34 (Call 12/15/33)		1,900		1,866,954
5.25%, 03/15/54 (Call 09/15/53)		1,900		1,819,722
Realty Income Corp.
2.10%, 03/15/28 (Call 01/15/28)		1,496		1,326,282
2.70%, 02/15/32 (Call 11/15/31)		835		684,450
3.20%, 02/15/31 (Call 11/15/30)		840		733,886
3.40%, 01/15/30 (Call 10/15/29)		2,050		1,858,026
4.00%, 07/15/29 (Call 04/15/29)(b)		2,322		2,189,323
5.13%, 02/15/34 (Call 11/15/33)		1,595		1,544,637

Security	Par (000)		Value
Real Estate (continued)
Regency Centers LP, 5.25%, 01/15/34 (Call 10/15/33)(f)	$	310	$	303,101
Sun Communities Operating LP, 5.50%, 01/15/29 (Call 12/15/28)		1,425		1,411,439
				30,897,913
Real Estate Investment Trusts — 0.9%
Agree LP
2.00%, 06/15/28 (Call 04/15/28)		2,230		1,940,596
2.60%, 06/15/33 (Call 03/15/33)		1,691		1,309,936
2.90%, 10/01/30 (Call 07/01/30)(b)		1,304		1,110,958
4.80%, 10/01/32 (Call 07/01/32)		575		537,406
Alexandria Real Estate Equities Inc.
1.88%, 02/01/33 (Call 11/01/32)		3,610		2,700,007
2.00%, 05/18/32 (Call 02/18/32)		2,346		1,811,007
2.75%, 12/15/29 (Call 09/15/29)		1,771		1,540,803
2.95%, 03/15/34 (Call 12/15/33)		2,660		2,144,369
3.00%, 05/18/51 (Call 11/18/50)		3,590		2,252,616
3.38%, 08/15/31 (Call 05/15/31)		2,545		2,234,837
3.45%, 04/30/25 (Call 02/28/25)		2,060		2,011,775
3.55%, 03/15/52 (Call 09/15/51)		3,915		2,716,480
3.80%, 04/15/26 (Call 02/15/26)		1,961		1,900,770
3.95%, 01/15/27 (Call 10/15/26)		882		850,293
3.95%, 01/15/28 (Call 10/15/27)		1,987		1,890,553
4.00%, 02/01/50 (Call 08/01/49)		2,950		2,222,382
4.30%, 01/15/26 (Call 10/15/25)		1,260		1,236,079
4.50%, 07/30/29 (Call 04/30/29)		1,441		1,381,626
4.70%, 07/01/30 (Call 04/01/30)		1,832		1,760,900
4.75%, 04/15/35 (Call 01/15/35)		1,975		1,837,534
4.85%, 04/15/49 (Call 10/15/48)		1,263		1,103,711
4.90%, 12/15/30 (Call 09/15/30)		2,925		2,846,763
5.15%, 04/15/53 (Call 10/15/52)		2,055		1,861,829
5.25%, 05/15/36 (Call 02/15/36)		1,140		1,094,703
5.63%, 05/15/54 (Call 11/15/53)		1,900		1,828,502
American Assets Trust LP, 3.38%, 02/01/31 (Call 11/01/30)		910		736,081
American Homes 4 Rent LP
2.38%, 07/15/31 (Call 04/15/31)		670		539,664
3.38%, 07/15/51 (Call 01/15/51)		2,160		1,427,235
3.63%, 04/15/32 (Call 01/15/32)		155		135,051
4.25%, 02/15/28 (Call 11/15/27)		2,820		2,708,747
4.30%, 04/15/52 (Call 10/15/51)		410		320,006
4.90%, 02/15/29 (Call 11/15/28)		1,921		1,872,134
American Tower Corp.
1.30%, 09/15/25 (Call 08/15/25)		2,796		2,629,433
1.45%, 09/15/26 (Call 08/15/26)		2,832		2,574,263
1.50%, 01/31/28 (Call 11/30/27)		2,663		2,312,721
1.60%, 04/15/26 (Call 03/15/26)		3,366		3,116,118
1.88%, 10/15/30 (Call 07/15/30)		3,491		2,803,675
2.10%, 06/15/30 (Call 03/15/30)		2,202		1,812,437
2.30%, 09/15/31 (Call 06/15/31)		3,815		3,079,102
2.40%, 03/15/25 (Call 02/15/25)		1,572		1,520,587
2.70%, 04/15/31 (Call 01/15/31)		3,267		2,740,294
2.75%, 01/15/27 (Call 11/15/26)(b)		3,143		2,927,128
2.90%, 01/15/30 (Call 10/15/29)		3,090		2,710,520
2.95%, 01/15/51 (Call 07/15/50)(b)		4,045		2,562,437
3.10%, 06/15/50 (Call 12/15/49)		4,310		2,816,135
3.13%, 01/15/27 (Call 10/15/26)(b)		1,703		1,606,023
3.38%, 10/15/26 (Call 07/15/26)		4,372		4,169,150
3.55%, 07/15/27 (Call 04/15/27)		2,661		2,522,441
3.60%, 01/15/28 (Call 10/15/27)		3,171		2,984,012
3.65%, 03/15/27 (Call 02/15/27)		2,750		2,628,112

S C H E D U L E O F I N V E S T M E N T S 77

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.70%, 10/15/49 (Call 04/15/49)	$	2,231	$	1,629,423
3.80%, 08/15/29 (Call 05/15/29)		6,226		5,762,819
3.95%, 03/15/29 (Call 12/15/28)(b)		3,263		3,062,232
4.00%, 06/01/25 (Call 03/01/25)		4,026		3,946,682
4.05%, 03/15/32 (Call 12/15/31)		2,490		2,264,352
4.40%, 02/15/26 (Call 11/15/25)		2,094		2,059,107
5.25%, 07/15/28 (Call 06/15/28)		2,170		2,163,268
5.50%, 03/15/28 (Call 02/15/28)		2,610		2,620,781
5.55%, 07/15/33 (Call 04/15/33)		2,591		2,590,254
5.65%, 03/15/33 (Call 12/15/32)		3,665		3,685,485
5.80%, 11/15/28 (Call 10/15/28)		4,170		4,251,803
5.90%, 11/15/33 (Call 08/15/33)		3,375		3,460,979
AvalonBay Communities Inc.
1.90%, 12/01/28 (Call 10/01/28)		1,945		1,694,090
2.05%, 01/15/32 (Call 10/15/31)(b)		2,965		2,419,041
2.30%, 03/01/30 (Call 12/01/29)		3,098		2,661,495
2.45%, 01/15/31 (Call 10/17/30)		2,444		2,084,130
2.90%, 10/15/26 (Call 07/15/26)		1,692		1,598,900
2.95%, 05/11/26 (Call 02/11/26)		2,919		2,788,313
3.20%, 01/15/28 (Call 10/15/27)		2,223		2,083,012
3.30%, 06/01/29 (Call 03/01/29)		1,848		1,703,750
3.35%, 05/15/27 (Call 02/15/27)		1,427		1,353,483
3.45%, 06/01/25 (Call 03/03/25)		2,692		2,631,674
3.50%, 11/15/25 (Call 08/15/25)		1,730		1,681,250
3.90%, 10/15/46 (Call 04/15/46)		1,065		831,799
4.15%, 07/01/47 (Call 01/01/47)(b)		980		794,976
4.35%, 04/15/48 (Call 10/18/47)		1,395		1,177,138
5.00%, 02/15/33 (Call 11/15/32)		1,330		1,304,443
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)		5,570		4,110,625
2.55%, 04/01/32 (Call 01/01/32)		4,665		3,624,938
2.75%, 10/01/26 (Call 07/01/26)		4,471		4,139,216
2.90%, 03/15/30 (Call 12/15/29)		3,697		3,124,821
3.25%, 01/30/31 (Call 10/30/30)		4,671		3,932,570
3.40%, 06/21/29 (Call 03/21/29)		2,460		2,170,866
3.65%, 02/01/26 (Call 11/03/25)		4,903		4,715,013
4.50%, 12/01/28 (Call 09/01/28)		4,877		4,607,868
6.50%, 01/15/34 (Call 10/15/33)(b)		1,165		1,191,194
6.75%, 12/01/27 (Call 11/01/27)		1,415		1,461,682
Brixmor Operating Partnership LP
2.25%, 04/01/28 (Call 02/01/28)		858		758,912
2.50%, 08/16/31 (Call 05/16/31)		2,505		2,034,244
3.90%, 03/15/27 (Call 12/15/26)		956		910,763
4.05%, 07/01/30 (Call 04/01/30)		3,572		3,280,166
4.13%, 06/15/26 (Call 03/15/26)		2,453		2,374,569
4.13%, 05/15/29 (Call 02/15/29)		2,164		2,021,771
Broadstone Net Lease LLC, 2.60%, 09/15/31 (Call 06/15/31)		2,432		1,886,729
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		3,320		2,917,424
3.15%, 07/01/29 (Call 04/01/29)		2,632		2,394,363
3.35%, 11/01/49 (Call 05/01/49)		1,960		1,397,378
4.10%, 10/15/28 (Call 07/15/28)		1,717		1,653,521
5.85%, 11/03/26 (Call 10/03/26)		1,160		1,183,407
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)(b)		2,029		1,679,831
2.25%, 03/15/26 (Call 02/15/26)		1,290		1,206,347
2.75%, 04/15/31 (Call 01/15/31)		1,925		1,552,696
2.90%, 12/01/33 (Call 09/01/33)		1,870		1,429,415
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)		4,640		4,194,241

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
1.35%, 07/15/25 (Call 06/15/25)	$	3,095	$	2,928,280
2.10%, 04/01/31 (Call 01/01/31)		5,285		4,237,428
2.25%, 01/15/31 (Call 10/15/30)		3,687		3,013,560
2.50%, 07/15/31 (Call 04/15/31)		1,315		1,076,861
2.90%, 03/15/27 (Call 02/15/27)		3,350		3,119,600
2.90%, 04/01/41 (Call 10/01/40)		4,855		3,370,121
3.10%, 11/15/29 (Call 08/15/29)		1,683		1,489,225
3.25%, 01/15/51 (Call 07/15/50)(b)		3,285		2,217,017
3.30%, 07/01/30 (Call 04/01/30)		3,765		3,325,104
3.65%, 09/01/27 (Call 06/01/27)		4,990		4,709,407
3.70%, 06/15/26 (Call 03/15/26)		3,519		3,391,083
3.80%, 02/15/28 (Call 11/15/27)		4,521		4,257,232
4.00%, 03/01/27 (Call 12/01/26)		2,860		2,752,956
4.00%, 11/15/49 (Call 05/15/49)		1,513		1,163,889
4.15%, 07/01/50 (Call 01/01/50)		2,073		1,639,236
4.30%, 02/15/29 (Call 11/15/28)		3,180		3,022,385
4.45%, 02/15/26 (Call 11/15/25)		4,456		4,372,515
4.75%, 05/15/47 (Call 11/15/46)		1,443		1,219,499
4.80%, 09/01/28 (Call 08/01/28)		2,875		2,803,315
5.00%, 01/11/28 (Call 12/11/27)		4,100		4,039,893
5.10%, 05/01/33 (Call 02/01/33)		2,785		2,688,577
5.20%, 02/15/49 (Call 08/15/48)		1,628		1,472,535
5.60%, 06/01/29 (Call 05/01/29)		4,015		4,041,636
5.80%, 03/01/34 (Call 12/01/33)		4,480		4,544,911
CubeSmart LP
2.00%, 02/15/31 (Call 11/15/30)		1,825		1,465,945
2.25%, 12/15/28 (Call 10/15/28)		2,372		2,063,241
2.50%, 02/15/32 (Call 11/15/31)		2,655		2,143,861
3.00%, 02/15/30 (Call 11/15/29)		1,010		881,623
3.13%, 09/01/26 (Call 06/01/26)		2,922		2,763,471
4.00%, 11/15/25 (Call 08/15/25)		1,781		1,734,260
4.38%, 02/15/29 (Call 11/15/28)		1,786		1,698,464
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)		4,324		3,986,618
3.70%, 08/15/27 (Call 05/15/27)		4,825		4,598,520
4.45%, 07/15/28 (Call 04/15/28)		2,535		2,452,739
5.55%, 01/15/28 (Call 12/15/27)		3,697		3,734,429
EPR Properties
3.60%, 11/15/31 (Call 08/15/31)		35		28,618
3.75%, 08/15/29 (Call 05/15/29)		1,500		1,310,182
4.50%, 04/01/25 (Call 01/01/25)		1,000		982,324
4.50%, 06/01/27 (Call 03/01/27)		1,500		1,417,557
4.75%, 12/15/26 (Call 09/15/26)		1,500		1,441,794
4.95%, 04/15/28 (Call 01/15/28)		1,000		947,805
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		3,019		2,822,374
1.25%, 07/15/25 (Call 06/15/25)		3,370		3,179,549
1.45%, 05/15/26 (Call 04/15/26)		3,567		3,284,714
1.55%, 03/15/28 (Call 01/15/28)		2,348		2,043,730
1.80%, 07/15/27 (Call 05/15/27)		2,783		2,501,515
2.00%, 05/15/28 (Call 03/15/28)		2,223		1,960,305
2.15%, 07/15/30 (Call 04/15/30)		2,420		2,006,573
2.50%, 05/15/31 (Call 02/15/31)		1,235		1,031,288
2.90%, 11/18/26 (Call 09/18/26)		2,728		2,568,755
2.95%, 09/15/51 (Call 03/15/51)		1,935		1,229,732
3.00%, 07/15/50 (Call 01/15/50)		2,179		1,412,976
3.20%, 11/18/29 (Call 08/18/29)		6,097		5,479,631
3.40%, 02/15/52 (Call 08/15/51)		2,475		1,715,204
3.90%, 04/15/32 (Call 01/15/32)(b)		2,360		2,141,620
ERP Operating LP
1.85%, 08/01/31 (Call 05/01/31)		865		693,921

78 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
2.50%, 02/15/30 (Call 11/15/29)	$	2,508	$	2,177,461
2.85%, 11/01/26 (Call 08/01/26)		1,416		1,336,103
3.00%, 07/01/29 (Call 04/01/29)		2,623		2,376,606
3.25%, 08/01/27 (Call 05/01/27)		1,649		1,548,525
3.38%, 06/01/25 (Call 03/01/25)		1,318		1,285,267
3.50%, 03/01/28 (Call 12/01/27)		2,898		2,736,795
4.00%, 08/01/47 (Call 02/01/47)(b)		1,191		916,344
4.15%, 12/01/28 (Call 09/01/28)		2,025		1,957,869
4.50%, 07/01/44 (Call 01/01/44)		1,660		1,427,333
4.50%, 06/01/45 (Call 12/01/44)		1,620		1,351,643
Essex Portfolio LP
1.65%, 01/15/31 (Call 10/15/30)		1,550		1,210,779
1.70%, 03/01/28 (Call 01/01/28)		970		843,013
2.55%, 06/15/31 (Call 03/15/31)		1,120		922,679
2.65%, 03/15/32 (Call 12/15/31)		3,123		2,545,729
2.65%, 09/01/50 (Call 03/01/50)(b)		780		452,601
3.00%, 01/15/30 (Call 10/15/29)		2,840		2,491,639
3.38%, 04/15/26 (Call 01/15/26)		1,934		1,860,994
3.50%, 04/01/25 (Call 01/01/25)		2,151		2,104,929
3.63%, 05/01/27 (Call 02/01/27)		2,010		1,909,363
4.00%, 03/01/29 (Call 12/01/28)		1,696		1,606,194
4.50%, 03/15/48 (Call 09/15/47)		1,865		1,559,891
Extra Space Storage LP
2.20%, 10/15/30 (Call 07/15/30)		1,781		1,455,624
2.35%, 03/15/32 (Call 12/15/31)		1,940		1,538,078
2.40%, 10/15/31 (Call 07/15/31)		2,610		2,108,296
2.55%, 06/01/31 (Call 03/01/31)		1,815		1,494,678
3.50%, 07/01/26 (Call 04/01/26)		1,819		1,741,619
3.88%, 12/15/27 (Call 09/15/27)		1,151		1,092,976
3.90%, 04/01/29 (Call 02/01/29)		450		420,046
4.00%, 06/15/29 (Call 03/15/29)		1,863		1,748,312
5.40%, 02/01/34 (Call 11/01/33)		1,500		1,470,231
5.50%, 07/01/30 (Call 05/01/30)		935		939,103
5.70%, 04/01/28 (Call 03/01/28)		1,645		1,667,663
5.90%, 01/15/31 (Call 11/15/30)		1,370		1,401,297
Federal Realty OP LP
1.25%, 02/15/26 (Call 01/15/26)		1,479		1,363,558
3.20%, 06/15/29 (Call 03/15/29)		1,783		1,593,167
3.25%, 07/15/27 (Call 04/15/27)		2,789		2,605,368
3.50%, 06/01/30 (Call 03/01/30)		521		467,276
4.50%, 12/01/44 (Call 06/01/44)		1,406		1,144,204
5.38%, 05/01/28 (Call 04/01/28)		1,645		1,639,424
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32 (Call 10/15/31)		3,475		2,883,109
4.00%, 01/15/30 (Call 10/15/29)		3,293		2,963,294
4.00%, 01/15/31 (Call 10/15/30)		2,882		2,540,929
5.25%, 06/01/25 (Call 03/01/25)		4,515		4,478,021
5.30%, 01/15/29 (Call 10/15/28)		3,400		3,301,857
5.38%, 04/15/26 (Call 01/15/26)		5,128		5,074,908
5.75%, 06/01/28 (Call 03/03/28)		2,199		2,183,312
6.75%, 12/01/33 (Call 09/01/33)(b)		1,060		1,100,833
Healthcare Realty Holdings LP
2.00%, 03/15/31 (Call 12/15/30)		2,013		1,577,379
3.10%, 02/15/30 (Call 11/15/29)		1,890		1,628,600
3.50%, 08/01/26 (Call 05/01/26)		2,797		2,668,143
3.75%, 07/01/27 (Call 04/01/27)		2,793		2,620,434
Healthpeak OP LLC
1.35%, 02/01/27 (Call 01/01/27)(b)		1,795		1,615,058
2.13%, 12/01/28 (Call 10/01/28)		2,665		2,319,634
2.88%, 01/15/31 (Call 10/15/30)		2,258		1,920,216
3.00%, 01/15/30 (Call 10/15/29)		3,449		3,026,093

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.25%, 07/15/26 (Call 05/15/26)	$	2,712	$	2,590,625
3.50%, 07/15/29 (Call 04/15/29)		2,106		1,924,185
4.00%, 06/01/25 (Call 03/01/25)		2,611		2,561,577
5.25%, 12/15/32 (Call 09/15/32)(b)		3,395		3,319,362
6.75%, 02/01/41 (Call 08/01/40)		1,448		1,585,981
Highwoods Realty LP
2.60%, 02/01/31 (Call 11/01/30)		841		661,404
3.05%, 02/15/30 (Call 11/15/29)		1,802		1,508,574
3.88%, 03/01/27 (Call 12/01/26)		1,470		1,379,839
4.13%, 03/15/28 (Call 12/15/27)		1,608		1,499,860
4.20%, 04/15/29 (Call 01/15/29)		1,610		1,451,202
7.65%, 02/01/34 (Call 11/01/33)		485		520,033
Host Hotels & Resorts LP
Series E, 4.00%, 06/15/25 (Call 03/15/25)		3,084		3,020,912
Series F, 4.50%, 02/01/26 (Call 11/01/25)		626		612,737
Series H, 3.38%, 12/15/29 (Call 09/15/29)		3,169		2,803,706
Series I, 3.50%, 09/15/30 (Call 06/15/30)		650		573,029
Series J, 2.90%, 12/15/31 (Call 09/15/31)		1,735		1,432,554
Invitation Homes Operating Partnership LP
2.00%, 08/15/31 (Call 05/15/31)		1,173		916,238
2.30%, 11/15/28 (Call 09/15/28)		2,920		2,554,513
2.70%, 01/15/34 (Call 10/15/33)		2,335		1,817,199
4.15%, 04/15/32 (Call 01/15/32)		2,010		1,816,496
5.45%, 08/15/30 (Call 06/15/30)		1,895		1,886,941
5.50%, 08/15/33 (Call 05/15/33)(b)		2,435		2,404,948
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)		2,673		1,980,787
2.65%, 11/15/33 (Call 08/15/33)		2,515		1,832,288
3.05%, 02/15/30 (Call 11/15/29)		2,389		2,001,037
4.25%, 08/15/29 (Call 05/15/29)		1,833		1,672,469
4.38%, 10/01/25 (Call 07/01/25)		2,181		2,125,810
4.75%, 12/15/28 (Call 09/15/28)		1,939		1,826,128
Kimco Realty OP LLC
1.90%, 03/01/28 (Call 01/01/28)		963		843,665
2.25%, 12/01/31 (Call 09/01/31)		1,166		928,347
2.70%, 10/01/30 (Call 07/01/30)		935		795,221
2.80%, 10/01/26 (Call 07/01/26)		2,595		2,431,419
3.20%, 04/01/32 (Call 01/01/32)		41		34,826
3.70%, 10/01/49 (Call 04/01/49)		817		587,382
3.80%, 04/01/27 (Call 01/01/27)		2,734		2,619,801
4.13%, 12/01/46 (Call 06/01/46)		891		678,255
4.25%, 04/01/45 (Call 10/01/44)(b)		1,777		1,390,558
4.45%, 09/01/47 (Call 03/01/47)		2,185		1,739,760
4.60%, 02/01/33 (Call 11/01/32)		1,905		1,785,604
6.40%, 03/01/34 (Call 12/01/33)		1,912		2,012,733
Kite Realty Group LP, 4.00%, 10/01/26
(Call 07/01/26)(b)		2,067		1,959,018
Kite Realty Group Trust
4.00%, 03/15/25 (Call 12/15/24)		1,121		1,097,890
4.75%, 09/15/30 (Call 06/15/30)		2,355		2,222,119
LXP Industrial Trust
2.38%, 10/01/31 (Call 07/01/31)		615		487,539
2.70%, 09/15/30 (Call 06/15/30)		808		666,663
6.75%, 11/15/28 (Call 10/15/28)		295		303,795
Mid-America Apartments LP
1.10%, 09/15/26 (Call 08/15/26)		2,205		1,992,939
1.70%, 02/15/31 (Call 11/15/30)		2,681		2,137,386
2.75%, 03/15/30 (Call 12/15/29)		1,155		1,015,084
2.88%, 09/15/51 (Call 03/15/51)(b)		1,280		812,776
3.60%, 06/01/27 (Call 03/01/27)		3,080		2,942,784
3.95%, 03/15/29 (Call 12/15/28)(b)		2,220		2,118,252

S C H E D U L E O F I N V E S T M E N T S 79

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.00%, 11/15/25 (Call 08/15/25)	$	3,332	$	3,260,538
4.20%, 06/15/28 (Call 03/15/28)		1,683		1,628,547
National Health Investors Inc., 3.00%, 02/01/31 (Call 11/01/30)		2,458		1,970,363
NNN REIT Inc.
2.50%, 04/15/30 (Call 01/15/30)		2,312		1,956,339
3.00%, 04/15/52 (Call 10/15/51)(b)		1,098		699,679
3.10%, 04/15/50 (Call 10/15/49)		2,117		1,370,597
3.50%, 10/15/27 (Call 07/15/27)		920		865,159
3.50%, 04/15/51 (Call 10/15/50)		2,447		1,744,167
3.60%, 12/15/26 (Call 09/15/26)		2,107		2,008,875
4.00%, 11/15/25 (Call 08/15/25)		2,443		2,382,373
4.30%, 10/15/28 (Call 07/15/28)		1,130		1,084,876
4.80%, 10/15/48 (Call 04/15/48)(b)		775		665,210
5.60%, 10/15/33 (Call 07/15/33)		1,985		1,978,131
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)		3,513		2,792,563
3.38%, 02/01/31 (Call 11/01/30)		2,659		2,238,392
3.63%, 10/01/29 (Call 07/01/29)		2,507		2,201,623
4.50%, 04/01/27 (Call 01/01/27)		2,210		2,125,669
4.75%, 01/15/28 (Call 10/15/27)		2,472		2,371,883
5.25%, 01/15/26 (Call 10/15/25)		3,700		3,665,641
Phillips Edison Grocery Center Operating Partnership I LP, 2.63%, 11/15/31 (Call 08/15/31)		2,555		2,054,808
Physicians Realty LP
2.63%, 11/01/31 (Call 08/01/31)		3,123		2,543,053
3.95%, 01/15/28 (Call 10/15/27)		2,343		2,229,124
4.30%, 03/15/27 (Call 12/15/26)		396		384,788
Piedmont Operating Partnership LP
2.75%, 04/01/32 (Call 01/01/32)		755		533,559
3.15%, 08/15/30 (Call 05/15/30)		2,088		1,601,978
9.25%, 07/20/28 (Call 06/20/28)		650		685,126
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		3,088		2,448,381
1.63%, 03/15/31 (Call 12/15/30)		2,024		1,605,026
1.75%, 07/01/30 (Call 04/01/30)		1,932		1,588,203
1.75%, 02/01/31 (Call 11/01/30)(b)		2,110		1,708,999
2.13%, 04/15/27 (Call 02/15/27)		2,396		2,198,706
2.13%, 10/15/50 (Call 04/15/50)		2,487		1,357,936
2.25%, 04/15/30 (Call 01/15/30)		3,502		3,002,969
2.25%, 01/15/32 (Call 10/15/31)		2,577		2,104,972
2.88%, 11/15/29 (Call 08/15/29)		1,830		1,643,237
3.00%, 04/15/50 (Call 10/15/49)		3,988		2,696,839
3.05%, 03/01/50 (Call 09/01/49)		2,111		1,432,509
3.25%, 06/30/26 (Call 03/30/26)		1,084		1,041,208
3.25%, 10/01/26 (Call 07/01/26)		1,780		1,699,793
3.38%, 12/15/27 (Call 09/15/27)		2,260		2,133,474
3.88%, 09/15/28 (Call 06/15/28)		2,232		2,135,437
4.00%, 09/15/28 (Call 06/15/28)		1,741		1,675,982
4.38%, 02/01/29 (Call 11/01/28)		1,546		1,509,493
4.38%, 09/15/48 (Call 03/15/48)		864		734,158
4.63%, 01/15/33 (Call 10/15/32)		2,880		2,771,161
4.75%, 06/15/33 (Call 03/15/33)		1,700		1,646,620
4.88%, 06/15/28 (Call 05/15/28)		2,435		2,431,495
5.13%, 01/15/34 (Call 10/15/33)		2,250		2,227,056
5.25%, 06/15/53 (Call 12/15/52)		2,620		2,538,847
Public Storage Operating Co.
0.88%, 02/15/26 (Call 01/15/26)		2,733		2,522,075
1.50%, 11/09/26 (Call 10/09/26)		3,822		3,490,771
1.85%, 05/01/28 (Call 03/01/28)		2,700		2,386,978

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
1.95%, 11/09/28 (Call 09/09/28)(b)	$	2,685	$	2,358,564
2.25%, 11/09/31 (Call 08/09/31)		2,745		2,263,318
2.30%, 05/01/31 (Call 02/01/31)		2,740		2,298,958
3.09%, 09/15/27 (Call 06/15/27)		2,460		2,315,710
3.39%, 05/01/29 (Call 02/01/29)		2,661		2,480,244
5.10%, 08/01/33 (Call 05/01/33)		560		559,334
5.13%, 01/15/29 (Call 12/15/28)(b)		1,791		1,809,413
5.35%, 08/01/53 (Call 02/01/53)		1,379		1,371,079
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31)		2,532		2,063,718
Realty Income Corp.
0.75%, 03/15/26 (Call 02/15/26)		1,633		1,489,935
1.80%, 03/15/33 (Call 12/15/32)		1,738		1,305,120
2.20%, 06/15/28 (Call 04/15/28)		1,520		1,349,085
2.85%, 12/15/32 (Call 09/15/32)		956		787,050
3.00%, 01/15/27 (Call 10/15/26)		2,789		2,629,087
3.10%, 12/15/29 (Call 09/15/29)		1,959		1,759,182
3.25%, 06/15/29 (Call 03/15/29)		1,272		1,163,781
3.25%, 01/15/31 (Call 10/15/30)		4,599		4,068,015
3.40%, 01/15/28 (Call 11/15/27)		1,985		1,862,971
3.65%, 01/15/28 (Call 10/15/27)		2,499		2,368,843
3.88%, 04/15/25 (Call 02/15/25)		3,097		3,044,489
3.95%, 08/15/27 (Call 05/15/27)		3,186		3,076,900
4.13%, 10/15/26 (Call 07/15/26)		2,801		2,724,926
4.63%, 11/01/25 (Call 09/01/25)		2,827		2,793,548
4.65%, 03/15/47 (Call 09/15/46)		2,984		2,602,606
4.70%, 12/15/28 (Call 11/15/28)		1,980		1,946,702
4.75%, 02/15/29 (Call 01/15/29)		1,745		1,707,822
4.85%, 03/15/30 (Call 01/15/30)		1,020		999,828
4.88%, 06/01/26 (Call 03/01/26)		2,819		2,795,704
4.90%, 07/15/33 (Call 04/15/33)		3,085		2,943,339
5.05%, 01/13/26 (Call 03/11/24)		1,370		1,363,836
5.63%, 10/13/32 (Call 07/13/32)		2,720		2,747,248
Regency Centers LP
2.95%, 09/15/29 (Call 06/15/29)		1,650		1,459,930
3.60%, 02/01/27 (Call 11/01/26)		576		550,797
3.70%, 06/15/30 (Call 03/15/30)		923		841,007
4.13%, 03/15/28 (Call 12/15/27)		1,591		1,519,444
4.40%, 02/01/47 (Call 08/01/46)		1,833		1,466,580
4.65%, 03/15/49 (Call 09/15/48)		1,516		1,283,301
Retail Opportunity Investments Partnership LP,
6.75%, 10/15/28 (Call 09/15/28)		105		108,615
Rexford Industrial Realty LP
2.13%, 12/01/30 (Call 09/01/30)		2,128		1,723,024
2.15%, 09/01/31 (Call 06/01/31)		2,095		1,654,516
5.00%, 06/15/28 (Call 05/15/28)		1,370		1,354,940
Sabra Health Care LP
3.20%, 12/01/31 (Call 09/01/31)		3,847		3,124,610
3.90%, 10/15/29 (Call 07/15/29)		2,143		1,908,792
5.13%, 08/15/26 (Call 05/15/26)		3,156		3,097,297
Safehold GL Holdings LLC
2.80%, 06/15/31 (Call 03/15/31)		2,615		2,125,457
2.85%, 01/15/32 (Call 08/15/31)(b)		855		687,794
6.10%, 04/01/34 (Call 01/01/34)		575		569,445
Simon Property Group LP
1.38%, 01/15/27 (Call 10/15/26)		3,724		3,377,323
1.75%, 02/01/28 (Call 11/01/27)		2,975		2,633,577
2.20%, 02/01/31 (Call 11/01/30)		3,014		2,470,787
2.25%, 01/15/32 (Call 10/15/31)		3,545		2,850,722
2.45%, 09/13/29 (Call 06/13/29)		6,068		5,286,459
2.65%, 07/15/30 (Call 04/15/30)		1,868		1,620,950
2.65%, 02/01/32 (Call 12/01/31)		2,385		1,981,130

80 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.25%, 11/30/26 (Call 08/30/26)	$	3,448	$	3,286,696
3.25%, 09/13/49 (Call 03/13/49)		5,283		3,673,556
3.30%, 01/15/26 (Call 10/15/25)		4,367		4,213,736
3.38%, 06/15/27 (Call 03/15/27)		2,052		1,947,539
3.38%, 12/01/27 (Call 09/01/27)		4,303		4,058,626
3.50%, 09/01/25 (Call 06/01/25)		5,551		5,415,817
3.80%, 07/15/50 (Call 01/15/50)		3,210		2,425,843
4.25%, 10/01/44 (Call 04/01/44)		1,610		1,315,713
4.25%, 11/30/46 (Call 05/30/46)		2,417		1,961,443
4.75%, 03/15/42 (Call 09/15/41)		2,416		2,155,673
5.50%, 03/08/33 (Call 12/08/32)(b)		3,255		3,282,744
5.85%, 03/08/53 (Call 09/03/52)		2,695		2,736,735
6.25%, 01/15/34 (Call 10/15/33)		865		910,698
6.65%, 01/15/54 (Call 07/15/53)		1,185		1,332,324
6.75%, 02/01/40 (Call 11/01/39)		2,298		2,528,554
SITE Centers Corp.
4.25%, 02/01/26 (Call 11/01/25)(b)		2,154		2,102,005
4.70%, 06/01/27 (Call 03/01/27)		2,399		2,357,701
Sixth Street Specialty Lending Inc., 6.95%, 08/14/28 (Call 07/14/28)		305		310,540
Store Capital LLC
2.70%, 12/01/31 (Call 09/01/31)		2,430		1,890,643
2.75%, 11/18/30 (Call 08/18/30)		1,154		913,502
4.50%, 03/15/28 (Call 12/15/27)		1,852		1,740,069
4.63%, 03/15/29 (Call 12/15/28)		2,191		2,044,034
Sun Communities Operating LP
2.30%, 11/01/28 (Call 09/01/28)		1,043		905,119
2.70%, 07/15/31 (Call 04/15/31)		3,312		2,701,196
4.20%, 04/15/32 (Call 01/15/32)		1,700		1,508,678
5.70%, 01/15/33 (Call 10/15/32)		2,375		2,337,866
Tanger Properties LP
2.75%, 09/01/31 (Call 06/01/31)		1,635		1,318,716
3.13%, 09/01/26 (Call 06/01/26)(b)		1,508		1,407,780
3.88%, 07/15/27 (Call 04/15/27)(b)		1,661		1,521,185
UDR Inc.
1.90%, 03/15/33 (Call 12/15/32)		2,035		1,519,159
2.10%, 08/01/32 (Call 05/01/32)		1,485		1,148,096
2.10%, 06/15/33 (Call 03/15/33)(b)		980		738,705
2.95%, 09/01/26 (Call 06/01/26)		1,495		1,409,594
3.00%, 08/15/31 (Call 05/15/31)		2,408		2,065,827
3.10%, 11/01/34 (Call 08/01/34)		1,208		971,667
3.20%, 01/15/30 (Call 10/15/29)		2,493		2,230,214
3.50%, 07/01/27 (Call 04/01/27)		1,368		1,285,883
3.50%, 01/15/28 (Call 10/15/27)		1,050		979,135
4.40%, 01/26/29 (Call 10/26/28)		1,860		1,780,297
Ventas Realty LP
2.50%, 09/01/31 (Call 06/01/31)		2,460		2,001,924
3.00%, 01/15/30 (Call 10/15/29)		2,160		1,885,310
3.25%, 10/15/26 (Call 07/15/26)		1,224		1,155,574
3.85%, 04/01/27 (Call 01/01/27)		1,700		1,620,535
4.00%, 03/01/28 (Call 12/01/27)		1,418		1,349,394
4.13%, 01/15/26 (Call 10/15/25)		3,189		3,104,410
4.38%, 02/01/45 (Call 08/01/44)		598		473,480
4.40%, 01/15/29 (Call 10/15/28)		2,134		2,043,153
4.75%, 11/15/30 (Call 08/15/30)		1,115		1,066,595
4.88%, 04/15/49 (Call 10/15/48)		1,347		1,139,658
5.70%, 09/30/43 (Call 03/30/43)		1,550		1,464,179
VICI Properties LP
4.38%, 05/15/25		3,490		3,432,671
4.75%, 02/15/28 (Call 01/15/28)		5,925		5,740,222
4.95%, 02/15/30 (Call 12/15/29)		4,800		4,581,341

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
5.13%, 05/15/32 (Call 02/15/32)	$	6,210	$	5,832,304
5.63%, 05/15/52 (Call 11/15/51)		3,748		3,378,896
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		2,283		1,977,417
2.70%, 02/15/27 (Call 12/15/26)		2,939		2,744,639
2.75%, 01/15/31 (Call 10/15/30)		1,541		1,313,578
2.75%, 01/15/32 (Call 10/15/31)		2,505		2,082,639
2.80%, 06/01/31 (Call 03/01/31)		3,730		3,164,626
3.10%, 01/15/30 (Call 10/15/29)		3,660		3,263,720
3.85%, 06/15/32 (Call 03/15/32)(b)		1,770		1,586,802
4.00%, 06/01/25 (Call 03/01/25)		5,963		5,853,391
4.13%, 03/15/29 (Call 12/15/28)		2,611		2,482,273
4.25%, 04/01/26 (Call 01/01/26)		4,347		4,262,098
4.25%, 04/15/28 (Call 01/15/28)		3,573		3,455,924
4.95%, 09/01/48 (Call 03/01/48)		745		669,898
6.50%, 03/15/41 (Call 09/15/40)		2,417		2,611,726
Weyerhaeuser Co.
3.38%, 03/09/33 (Call 12/09/32)		790		682,496
4.00%, 11/15/29 (Call 08/15/29)		3,124		2,933,783
4.00%, 04/15/30 (Call 01/15/30)		3,470		3,242,889
4.00%, 03/09/52 (Call 09/09/51)		664		520,497
4.75%, 05/15/26		2,997		2,961,249
6.95%, 10/01/27		2,179		2,310,465
7.38%, 03/15/32		3,058		3,452,657
WP Carey Inc.
2.25%, 04/01/33 (Call 01/01/33)		1,420		1,078,175
2.40%, 02/01/31 (Call 11/01/30)		1,993		1,639,579
2.45%, 02/01/32 (Call 11/01/31)		2,460		1,958,098
3.85%, 07/15/29 (Call 04/15/29)		2,091		1,934,545
4.25%, 10/01/26 (Call 07/01/26)		1,535		1,494,022
				941,459,918
Retail — 0.7%
AutoNation Inc.
1.95%, 08/01/28 (Call 06/01/28)		1,127		963,216
2.40%, 08/01/31 (Call 05/01/31)		2,625		2,078,434
3.80%, 11/15/27 (Call 08/15/27)		2,197		2,044,067
3.85%, 03/01/32 (Call 12/01/31)		2,400		2,094,542
4.50%, 10/01/25 (Call 07/01/25)		2,189		2,148,867
4.75%, 06/01/30 (Call 03/01/30)		2,953		2,807,502
AutoZone Inc.
1.65%, 01/15/31 (Call 10/15/30)		806		641,171
3.13%, 04/21/26 (Call 01/21/26)		3,393		3,250,144
3.25%, 04/15/25 (Call 01/15/25)		3,493		3,408,990
3.63%, 04/15/25 (Call 03/15/25)		965		947,383
3.75%, 06/01/27 (Call 03/01/27)		2,529		2,428,846
3.75%, 04/18/29 (Call 01/18/29)		2,940		2,759,846
4.00%, 04/15/30 (Call 01/15/30)		3,125		2,937,389
4.50%, 02/01/28 (Call 01/01/28)		2,960		2,899,532
4.75%, 08/01/32 (Call 05/01/32)		3,280		3,151,715
4.75%, 02/01/33 (Call 11/01/32)		2,705		2,591,066
5.05%, 07/15/26		1,340		1,336,728
5.20%, 08/01/33 (Call 05/01/33)(b)		1,165		1,154,538
6.25%, 11/01/28 (Call 10/01/28)(b)		2,225		2,314,804
6.55%, 11/01/33 (Call 08/01/33)		1,625		1,753,924
Best Buy Co. Inc.
1.95%, 10/01/30 (Call 07/01/30)		3,694		3,033,950
4.45%, 10/01/28 (Call 07/01/28)(b)		3,549		3,475,621
Costco Wholesale Corp.
1.38%, 06/20/27 (Call 04/20/27)		5,416		4,867,799
1.60%, 04/20/30 (Call 01/20/30)		6,799		5,661,778
1.75%, 04/20/32 (Call 01/20/32)		4,885		3,905,765

S C H E D U L E O F I N V E S T M E N T S 81

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
3.00%, 05/18/27 (Call 02/18/27)	$	5,932	$	5,658,678
Darden Restaurants Inc.
3.85%, 05/01/27 (Call 02/01/27)		3,729		3,580,975
4.55%, 02/15/48 (Call 08/15/47)		2,015		1,635,617
6.30%, 10/10/33 (Call 07/10/33)		910		949,565
Dick’s Sporting Goods Inc.
3.15%, 01/15/32 (Call 10/15/31)(b)		3,080		2,580,369
4.10%, 01/15/52 (Call 07/15/51)		4,030		2,831,129
Dollar General Corp.
3.50%, 04/03/30 (Call 01/03/30)		2,348		2,123,312
3.88%, 04/15/27 (Call 01/15/27)		3,536		3,397,951
4.13%, 05/01/28 (Call 02/01/28)		2,477		2,393,035
4.13%, 04/03/50 (Call 10/03/49)		3,170		2,421,892
4.15%, 11/01/25 (Call 08/01/25)		2,307		2,259,673
4.63%, 11/01/27 (Call 10/01/27)		2,632		2,580,190
5.00%, 11/01/32 (Call 08/01/32)(b)		4,055		3,937,342
5.20%, 07/05/28 (Call 06/05/28)(b)		1,435		1,433,363
5.45%, 07/05/33 (Call 04/05/33)(b)		2,145		2,128,548
5.50%, 11/01/52 (Call 05/01/52)(b)		1,171		1,103,492
Dollar Tree Inc.
2.65%, 12/01/31 (Call 09/01/31)		3,815		3,175,908
3.38%, 12/01/51 (Call 06/01/51)		2,845		1,879,946
4.00%, 05/15/25 (Call 03/15/25)		4,760		4,676,562
4.20%, 05/15/28 (Call 02/15/28)		5,918		5,701,630
Genuine Parts Co.
1.88%, 11/01/30 (Call 08/01/30)		3,190		2,560,036
2.75%, 02/01/32 (Call 11/01/31)		800		657,462
6.50%, 11/01/28 (Call 10/01/28)		1,705		1,787,761
6.88%, 11/01/33 (Call 08/01/33)		1,875		2,048,028
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)		3,592		3,097,721
1.38%, 03/15/31 (Call 12/15/30)		7,340		5,806,807
1.50%, 09/15/28 (Call 07/15/28)		2,070		1,803,319
1.88%, 09/15/31 (Call 06/15/31)		2,760		2,236,179
2.13%, 09/15/26 (Call 06/15/26)		4,435		4,144,466
2.38%, 03/15/51 (Call 09/15/50)		5,525		3,245,497
2.50%, 04/15/27 (Call 02/15/27)		4,874		4,539,742
2.70%, 04/15/25 (Call 03/15/25)		1,955		1,904,743
2.70%, 04/15/30 (Call 01/15/30)		6,921		6,122,492
2.75%, 09/15/51 (Call 03/15/51)		2,810		1,789,460
2.80%, 09/14/27 (Call 06/14/27)		4,374		4,098,572
2.88%, 04/15/27 (Call 03/15/27)		2,880		2,717,487
2.95%, 06/15/29 (Call 03/15/29)		3,956		3,610,979
3.00%, 04/01/26 (Call 01/01/26)		5,802		5,589,252
3.13%, 12/15/49 (Call 06/15/49)		5,754		4,003,979
3.25%, 04/15/32 (Call 01/15/32)		6,175		5,476,585
3.30%, 04/15/40 (Call 10/15/39)		3,957		3,101,085
3.35%, 09/15/25 (Call 06/15/25)		2,965		2,892,482
3.35%, 04/15/50 (Call 10/15/49)		5,846		4,236,940
3.50%, 09/15/56 (Call 03/15/56)		3,535		2,588,948
3.63%, 04/15/52 (Call 10/15/51)		6,275		4,743,111
3.90%, 12/06/28 (Call 09/06/28)		5,418		5,242,776
3.90%, 06/15/47 (Call 12/15/46)		5,161		4,157,177
4.00%, 09/15/25 (Call 08/15/25)		1,865		1,835,655
4.20%, 04/01/43 (Call 10/01/42)		4,694		4,043,168
4.25%, 04/01/46 (Call 10/01/45)		6,620		5,651,119
4.40%, 03/15/45 (Call 09/15/44)		3,447		3,025,169
4.50%, 09/15/32 (Call 06/15/32)		2,360		2,306,433
4.50%, 12/06/48 (Call 06/06/48)		6,463		5,702,816
4.88%, 02/15/44 (Call 08/15/43)		4,425		4,151,136
4.90%, 04/15/29 (Call 03/15/29)(b)		2,060		2,067,374

Security	Par (000)		Value
Retail (continued)
4.95%, 09/30/26 (Call 08/30/26)	$	2,360	$	2,361,093
4.95%, 09/15/52 (Call 03/15/52)(b)		2,190		2,072,308
5.40%, 09/15/40 (Call 03/15/40)		2,803		2,819,387
5.88%, 12/16/36		12,188		12,983,057
5.95%, 04/01/41 (Call 10/01/40)		4,435		4,731,731
Lowe’s Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)		5,592		4,845,928
1.70%, 09/15/28 (Call 07/15/28)		4,578		3,977,829
1.70%, 10/15/30 (Call 07/15/30)		4,788		3,882,162
2.50%, 04/15/26 (Call 01/15/26)		4,067		3,860,721
2.63%, 04/01/31 (Call 01/01/31)		6,397		5,454,868
2.80%, 09/15/41 (Call 03/15/41)		4,451		3,106,795
3.00%, 10/15/50 (Call 04/15/50)		5,463		3,524,397
3.10%, 05/03/27 (Call 02/03/27)		5,601		5,293,106
3.35%, 04/01/27 (Call 03/01/27)		2,763		2,632,536
3.38%, 09/15/25 (Call 06/15/25)		4,982		4,846,504
3.50%, 04/01/51 (Call 10/01/50)		3,892		2,745,209
3.65%, 04/05/29 (Call 01/05/29)		5,283		4,981,035
3.70%, 04/15/46 (Call 10/15/45)		7,346		5,529,663
3.75%, 04/01/32 (Call 01/01/32)		5,890		5,345,247
4.00%, 04/15/25 (Call 03/15/25)		3,817		3,761,873
4.05%, 05/03/47 (Call 11/03/46)		6,274		4,970,327
4.25%, 04/01/52 (Call 10/01/51)		4,950		3,980,373
4.38%, 09/15/45 (Call 03/15/45)		2,315		1,962,190
4.40%, 09/08/25		2,745		2,711,582
4.45%, 04/01/62 (Call 10/01/61)		3,240		2,590,241
4.50%, 04/15/30 (Call 01/15/30)		5,139		4,992,542
4.55%, 04/05/49 (Call 10/05/48)		1,918		1,621,719
4.65%, 04/15/42 (Call 10/15/41)		2,380		2,128,624
4.80%, 04/01/26 (Call 03/01/26)		2,865		2,846,115
5.00%, 04/15/33 (Call 01/15/33)		3,840		3,784,203
5.00%, 04/15/40 (Call 10/15/39)		2,471		2,347,801
5.13%, 04/15/50 (Call 10/15/49)		1,180		1,088,390
5.15%, 07/01/33 (Call 04/01/33)(b)		3,895		3,876,329
5.50%, 10/15/35		593		609,895
5.63%, 04/15/53 (Call 10/15/52)		5,210		5,176,796
5.75%, 07/01/53 (Call 01/01/53)		1,265		1,277,504
5.80%, 09/15/62 (Call 03/15/62)		3,625		3,618,701
5.85%, 04/01/63 (Call 10/01/62)		3,475		3,506,037
6.50%, 03/15/29		3,245		3,471,007
McDonald’s Corp.
1.45%, 09/01/25 (Call 08/01/25)		2,160		2,044,612
2.13%, 03/01/30 (Call 12/01/29)		3,700		3,165,906
2.63%, 09/01/29 (Call 06/01/29)		5,073		4,537,872
3.30%, 07/01/25 (Call 06/01/25)		4,711		4,599,234
3.38%, 05/26/25 (Call 02/26/25)		2,590		2,531,607
3.50%, 03/01/27 (Call 12/01/26)(b)		4,299		4,139,087
3.50%, 07/01/27 (Call 05/01/27)		4,748		4,543,434
3.60%, 07/01/30 (Call 04/01/30)		4,080		3,778,309
3.63%, 05/01/43		1,981		1,560,126
3.63%, 09/01/49 (Call 03/01/49)		7,197		5,372,783
3.70%, 01/30/26 (Call 10/30/25)		5,835		5,702,465
3.70%, 02/15/42		2,596		2,086,627
3.80%, 04/01/28 (Call 01/01/28)		5,761		5,530,317
4.20%, 04/01/50 (Call 10/01/49)		3,431		2,826,698
4.45%, 03/01/47 (Call 09/01/46)		4,435		3,810,527
4.45%, 09/01/48 (Call 03/01/48)		3,200		2,764,709
4.60%, 09/09/32 (Call 06/09/32)		425		414,923
4.60%, 05/26/45 (Call 11/26/44)		2,704		2,405,988
4.70%, 12/09/35 (Call 06/09/35)		3,776		3,626,682
4.80%, 08/14/28 (Call 07/14/28)		1,970		1,964,184

82 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
4.88%, 07/15/40	$	1,647	$	1,570,724
4.88%, 12/09/45 (Call 06/09/45)		6,700		6,156,942
4.95%, 08/14/33 (Call 05/14/33)		2,905		2,878,452
5.15%, 09/09/52 (Call 03/09/52)		1,145		1,087,375
5.45%, 08/14/53 (Call 02/14/53)(b)		3,435		3,410,879
5.70%, 02/01/39		2,044		2,104,183
6.30%, 10/15/37		4,008		4,364,840
6.30%, 03/01/38		3,143		3,419,772
O’Reilly Automotive Inc.
1.75%, 03/15/31 (Call 12/15/30)		1,285		1,030,120
3.55%, 03/15/26 (Call 12/15/25)		3,108		3,007,322
3.60%, 09/01/27 (Call 06/01/27)		3,501		3,335,183
3.90%, 06/01/29 (Call 03/01/29)		2,597		2,463,237
4.20%, 04/01/30 (Call 01/01/30)		3,131		2,971,999
4.35%, 06/01/28 (Call 03/01/28)		1,950		1,899,977
4.70%, 06/15/32 (Call 03/15/32)		4,350		4,206,654
5.75%, 11/20/26 (Call 10/20/26)		1,740		1,764,828
Ross Stores Inc.
0.88%, 04/15/26 (Call 03/15/26)		3,765		3,443,418
1.88%, 04/15/31 (Call 01/15/31)		1,785		1,449,846
4.60%, 04/15/25 (Call 03/15/25)		3,019		2,989,903
Starbucks Corp.
2.00%, 03/12/27 (Call 01/12/27)		3,086		2,827,664
2.25%, 03/12/30 (Call 12/12/29)		3,850		3,292,355
2.45%, 06/15/26 (Call 03/15/26)		2,096		1,978,842
2.55%, 11/15/30 (Call 08/15/30)		5,231		4,490,399
3.00%, 02/14/32 (Call 11/14/31)		4,495		3,894,302
3.35%, 03/12/50 (Call 09/12/49)		2,253		1,590,146
3.50%, 03/01/28 (Call 12/01/27)		2,676		2,536,895
3.50%, 11/15/50 (Call 05/15/50)		4,255		3,106,805
3.55%, 08/15/29 (Call 05/15/29)		3,780		3,543,588
3.75%, 12/01/47 (Call 06/01/47)		3,469		2,675,977
3.80%, 08/15/25 (Call 06/15/25)		4,556		4,461,657
4.00%, 11/15/28 (Call 08/15/28)		3,750		3,622,114
4.30%, 06/15/45 (Call 12/15/44)		2,716		2,318,150
4.45%, 08/15/49 (Call 02/15/49)		2,329		1,992,639
4.50%, 11/15/48 (Call 05/15/48)		5,295		4,576,114
4.75%, 02/15/26 (Call 01/15/26)		2,645		2,627,618
4.80%, 02/15/33 (Call 11/15/32)(b)		2,205		2,174,093
4.85%, 02/08/27 (Call 01/08/27)		1,605		1,596,539
4.90%, 02/15/31 (Call 12/15/30)		1,325		1,309,135
5.00%, 02/15/34 (Call 11/15/33)		1,325		1,303,940
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)(b)		4,697		4,341,741
2.25%, 04/15/25 (Call 03/15/25)		8,263		8,005,697
2.35%, 02/15/30 (Call 11/15/29)		3,736		3,258,865
2.50%, 04/15/26		5,056		4,828,983
2.65%, 09/15/30 (Call 06/15/30)		2,654		2,327,733
2.95%, 01/15/52 (Call 07/15/51)		4,720		3,133,322
3.38%, 04/15/29 (Call 01/15/29)		4,643		4,351,548
3.63%, 04/15/46		3,698		2,884,459
3.90%, 11/15/47 (Call 05/15/47)		3,042		2,480,241
4.00%, 07/01/42		2,616		2,251,139
4.40%, 01/15/33 (Call 10/15/32)		2,215		2,137,557
4.50%, 09/15/32 (Call 06/15/32)		4,385		4,243,702
4.80%, 01/15/53 (Call 07/15/52)(b)		5,166		4,767,417
6.35%, 11/01/32		581		635,355
6.50%, 10/15/37		1,498		1,673,521
7.00%, 01/15/38		1,279		1,493,656
TJX Companies Inc. (The) 1.15%, 05/15/28 (Call 03/15/28)		976		841,199

Security	Par (000)		Value
Retail (continued)
1.60%, 05/15/31 (Call 02/15/31)	$	375	$	302,226
2.25%, 09/15/26 (Call 06/15/26)		6,565		6,166,921
3.88%, 04/15/30 (Call 01/15/30)		3,400		3,223,602
4.50%, 04/15/50 (Call 10/15/49)		2,675		2,437,054
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)		3,065		2,467,918
5.25%, 05/15/33 (Call 02/15/33)		1,030		1,023,605
Walmart Inc.
2.38%, 09/24/29 (Call 06/24/29)		1,162		1,036,830
2.50%, 09/22/41 (Call 03/22/41)		6,086		4,291,990
2.65%, 09/22/51 (Call 03/22/51)		7,225		4,711,182
2.95%, 09/24/49 (Call 03/24/49)		1,638		1,143,182
3.05%, 07/08/26 (Call 05/08/26)		1,100		1,058,292
3.25%, 07/08/29 (Call 04/08/29)(b)		2,623		2,467,632
3.55%, 06/26/25 (Call 04/26/25)		1,260		1,239,774
3.63%, 12/15/47 (Call 06/15/47)		905		712,834
3.70%, 06/26/28 (Call 03/26/28)		4,497		4,350,532
3.90%, 04/15/28 (Call 03/15/28)		3,200		3,122,152
3.95%, 06/28/38 (Call 12/28/37)		1,850		1,669,862
4.00%, 04/15/26 (Call 03/15/26)		2,315		2,279,334
4.00%, 04/15/30 (Call 02/15/30)(b)		2,974		2,881,787
4.00%, 04/11/43 (Call 10/11/42)		235		203,336
4.05%, 06/29/48 (Call 12/29/47)		3,735		3,212,586
4.10%, 04/15/33 (Call 01/15/33)		3,825		3,643,027
4.15%, 09/09/32 (Call 06/09/32)		4,280		4,129,796
4.30%, 04/22/44 (Call 10/22/43)		90		82,090
4.50%, 09/09/52 (Call 03/09/52)		3,110		2,831,523
4.50%, 04/15/53 (Call 10/15/52)		8,955		8,145,250
5.00%, 10/25/40		235		237,308
5.25%, 09/01/35		2,170		2,246,125
5.63%, 04/01/40		1,466		1,557,467
5.63%, 04/15/41		85		90,296
5.88%, 04/05/27		330		342,970
6.20%, 04/15/38		1,084		1,215,818
6.50%, 08/15/37		5,675		6,510,748
7.55%, 02/15/30		2,805		3,244,923
				704,225,398
Semiconductors — 0.7%
Advanced Micro Devices Inc.
3.92%, 06/01/32 (Call 03/01/32)		3,325		3,110,395
4.39%, 06/01/52 (Call 12/01/51)		2,560		2,258,789
Analog Devices Inc.
1.70%, 10/01/28 (Call 08/01/28)		3,494		3,049,260
2.10%, 10/01/31 (Call 07/01/31)		2,925		2,413,259
2.80%, 10/01/41 (Call 04/01/41)		3,015		2,139,617
2.95%, 04/01/25 (Call 03/01/25)		1,881		1,837,367
2.95%, 10/01/51 (Call 04/01/51)		3,990		2,657,840
3.45%, 06/15/27 (Call 03/15/27)		2,757		2,639,243
3.50%, 12/05/26 (Call 09/05/26)		5,653		5,459,612
5.30%, 12/15/45 (Call 06/15/45)		300		292,707
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		5,535		4,616,044
2.75%, 06/01/50 (Call 12/01/49)		3,441		2,314,094
3.30%, 04/01/27 (Call 01/01/27)		6,135		5,872,398
3.90%, 10/01/25 (Call 07/01/25)		4,311		4,235,373
4.35%, 04/01/47 (Call 10/01/46)		4,497		3,987,331
5.10%, 10/01/35 (Call 04/01/35)		2,604		2,635,773
5.85%, 06/15/41		2,779		2,988,919

S C H E D U L E O F I N V E S T M E N T S 83

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.50%, 01/15/28 (Call 10/15/27)	$	4,199	$	3,955,287
3.88%, 01/15/27 (Call 10/15/26)		14,132		13,661,834
Broadcom Inc.
1.95%, 02/15/28 (Call 12/15/27)(c)		810		718,940
2.45%, 02/15/31 (Call 11/15/30)(c)		10,800		8,989,467
2.60%, 02/15/33 (Call 11/15/32)(c)		5,350		4,293,653
3.14%, 11/15/35 (Call 08/15/35)(c)		5,885		4,664,342
3.15%, 11/15/25 (Call 10/15/25)		4,367		4,215,301
3.19%, 11/15/36 (Call 08/15/36)(c)		2,780		2,172,632
3.42%, 04/15/33 (Call 01/15/33)(c)		13,881		11,853,583
3.46%, 09/15/26 (Call 07/15/26)		1,575		1,510,797
3.47%, 04/15/34 (Call 01/15/34)(c)		12,970		10,951,069
3.50%, 02/15/41 (Call 08/15/40)(c)		10,608		8,104,979
3.75%, 02/15/51 (Call 08/15/50)(c)		5,886		4,400,831
4.00%, 04/15/29 (Call 02/15/29)(c)		4,190		3,964,811
4.11%, 09/15/28 (Call 06/15/28)		690		661,293
4.15%, 11/15/30 (Call 08/15/30)		4,915		4,594,752
4.15%, 04/15/32 (Call 01/15/32)(c)		4,705		4,319,494
4.30%, 11/15/32 (Call 08/15/32)		8,034		7,439,610
4.75%, 04/15/29 (Call 01/15/29)		1,415		1,388,478
4.93%, 05/15/37 (Call 02/15/37)(c)		19,710		18,365,051
5.00%, 04/15/30 (Call 01/15/30)		940		936,710
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		4,623		4,021,091
2.00%, 08/12/31 (Call 05/12/31)		5,485		4,451,227
2.45%, 11/15/29 (Call 08/15/29)		8,257		7,230,935
2.60%, 05/19/26 (Call 02/19/26)		4,661		4,433,269
2.80%, 08/12/41 (Call 02/12/41)		3,630		2,572,012
3.05%, 08/12/51 (Call 02/12/51)		2,920		1,929,659
3.10%, 02/15/60 (Call 08/15/59)		4,615		2,917,032
3.15%, 05/11/27 (Call 02/11/27)		3,928		3,722,256
3.20%, 08/12/61 (Call 02/12/61)		2,570		1,653,403
3.25%, 11/15/49 (Call 05/15/49)		10,583		7,311,911
3.40%, 03/25/25 (Call 02/25/25)		5,912		5,797,769
3.70%, 07/29/25 (Call 04/29/25)		8,704		8,524,980
3.73%, 12/08/47 (Call 06/08/47)		7,985		6,052,211
3.75%, 03/25/27 (Call 01/25/27)		5,200		5,029,596
3.75%, 08/05/27 (Call 07/05/27)		4,405		4,245,520
3.90%, 03/25/30 (Call 12/25/29)		6,444		6,058,992
4.00%, 08/05/29 (Call 06/05/29)		3,660		3,499,308
4.00%, 12/15/32		3,846		3,549,564
4.10%, 05/19/46 (Call 11/19/45)		5,232		4,320,543
4.10%, 05/11/47 (Call 11/11/46)		5,258		4,324,088
4.15%, 08/05/32 (Call 05/05/32)		3,565		3,350,149
4.25%, 12/15/42(b)		4,497		3,833,862
4.60%, 03/25/40 (Call 09/25/39)		4,659		4,322,063
4.75%, 03/25/50 (Call 09/25/49)		7,379		6,553,142
4.80%, 10/01/41		1,795		1,675,734
4.88%, 02/10/26		7,460		7,435,979
4.88%, 02/10/28 (Call 01/10/28)		6,131		6,113,942
4.90%, 07/29/45 (Call 01/29/45)		2,676		2,531,195
4.90%, 08/05/52 (Call 02/05/52)		4,110		3,765,798
4.95%, 03/25/60 (Call 09/25/59)		3,739		3,410,749
5.00%, 02/21/31 (Call 12/21/30)		2,320		2,305,472
5.05%, 08/05/62 (Call 02/05/62)		3,376		3,115,753
5.13%, 02/10/30 (Call 12/10/29)		5,435		5,477,852
5.15%, 02/21/34 (Call 11/21/33)		1,915		1,896,202
5.20%, 02/10/33 (Call 11/10/32)		8,565		8,568,655
5.60%, 02/21/54 (Call 08/21/53)		980		979,834

Security	Par (000)		Value
Semiconductors (continued)
5.63%, 02/10/43 (Call 08/10/42)	$	4,220	$	4,289,037
5.70%, 02/10/53 (Call 08/10/52)		6,940		7,013,266
5.90%, 02/10/63 (Call 08/10/62)		5,185		5,401,321
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		3,483		2,500,103
4.10%, 03/15/29 (Call 12/15/28)		5,923		5,744,463
4.65%, 07/15/32 (Call 04/15/32)		2,305		2,246,876
4.70%, 02/01/34 (Call 11/01/33)		1,500		1,460,743
4.95%, 07/15/52 (Call 01/15/52)		5,420		5,137,759
5.00%, 03/15/49 (Call 09/15/48)		2,089		2,007,812
5.25%, 07/15/62 (Call 01/15/62)		3,395		3,298,642
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		3,975		3,335,856
2.88%, 06/15/50 (Call 12/15/49)		3,479		2,352,119
3.13%, 06/15/60 (Call 12/15/59)		2,916		1,911,686
3.75%, 03/15/26 (Call 01/15/26)		4,990		4,869,818
3.80%, 03/15/25 (Call 12/15/24)		2,832		2,790,505
4.00%, 03/15/29 (Call 12/15/28)		4,456		4,293,920
4.88%, 03/15/49 (Call 09/15/48)		3,545		3,335,559
Marvell Technology Inc.
1.65%, 04/15/26 (Call 03/15/26)		3,365		3,121,544
2.45%, 04/15/28 (Call 02/15/28)		3,692		3,314,971
2.95%, 04/15/31 (Call 01/15/31)		3,140		2,688,968
4.88%, 06/22/28 (Call 03/22/28)		860		844,796
5.75%, 02/15/29 (Call 01/15/29)		1,145		1,166,729
5.95%, 09/15/33 (Call 06/15/33)		1,365		1,407,647
Microchip Technology Inc., 4.25%, 09/01/25
(Call 04/01/24)		5,995		5,885,332
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)		4,477		3,672,754
3.37%, 11/01/41 (Call 05/01/41)		2,340		1,702,080
3.48%, 11/01/51 (Call 05/01/51)		2,490		1,729,668
4.19%, 02/15/27 (Call 12/15/26)		3,939		3,827,568
4.66%, 02/15/30 (Call 11/15/29)		3,812		3,681,485
4.98%, 02/06/26 (Call 12/06/25)		2,966		2,948,623
5.30%, 01/15/31 (Call 11/15/30)		2,025		2,004,436
5.33%, 02/06/29 (Call 11/06/28)		3,099		3,102,019
5.38%, 04/15/28 (Call 03/15/28)		2,710		2,717,376
5.88%, 02/09/33 (Call 11/09/32)		2,740		2,796,303
5.88%, 09/15/33 (Call 06/15/33)(b)		3,725		3,796,588
6.75%, 11/01/29 (Call 09/01/29)		5,180		5,497,467
NVIDIA Corp.
1.55%, 06/15/28 (Call 04/15/28)		7,540		6,671,010
2.00%, 06/15/31 (Call 03/15/31)		4,333		3,619,791
2.85%, 04/01/30 (Call 01/01/30)		5,662		5,098,600
3.20%, 09/16/26 (Call 06/16/26)		4,507		4,344,446
3.50%, 04/01/40 (Call 10/01/39)		4,388		3,674,953
3.50%, 04/01/50 (Call 10/01/49)		8,087		6,335,833
3.70%, 04/01/60 (Call 10/01/59)(b)		2,850		2,241,571
NXP BV/NXP Funding LLC
5.35%, 03/01/26 (Call 01/01/26)		2,525		2,520,957
5.55%, 12/01/28 (Call 09/01/28)		2,412		2,438,568
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)		4,274		3,538,481
2.65%, 02/15/32 (Call 11/15/31)		4,111		3,374,938
2.70%, 05/01/25 (Call 04/01/25)		2,514		2,431,285
3.13%, 02/15/42 (Call 08/15/41)		2,395		1,702,231
3.15%, 05/01/27 (Call 03/01/27)		2,855		2,684,040
3.25%, 05/11/41 (Call 11/11/40)		3,975		2,921,156
3.25%, 11/30/51 (Call 05/30/51)		2,220		1,493,157
3.40%, 05/01/30 (Call 02/01/30)		4,323		3,869,909

84 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
3.88%, 06/18/26 (Call 04/18/26)	$	3,730	$	3,609,449
4.30%, 06/18/29 (Call 03/18/29)		5,104		4,872,531
4.40%, 06/01/27 (Call 05/01/27)		1,180		1,152,794
5.00%, 01/15/33 (Call 10/15/32)		4,360		4,213,238
Qorvo Inc., 4.38%, 10/15/29 (Call 10/15/24)		4,780		4,445,203
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)		4,425		3,847,192
1.65%, 05/20/32 (Call 02/20/32)		5,608		4,377,137
2.15%, 05/20/30 (Call 02/20/30)		6,475		5,538,307
3.25%, 05/20/27 (Call 02/20/27)		9,262		8,830,652
3.25%, 05/20/50 (Call 11/20/49)		3,819		2,781,276
3.45%, 05/20/25 (Call 02/20/25)		966		946,030
4.25%, 05/20/32 (Call 02/20/32)		2,311		2,204,307
4.30%, 05/20/47 (Call 11/20/46)		6,455		5,594,988
4.50%, 05/20/52 (Call 11/20/51)		4,285		3,774,237
4.65%, 05/20/35 (Call 11/20/34)		5,482		5,359,841
4.80%, 05/20/45 (Call 11/20/44)		5,871		5,510,090
5.40%, 05/20/33 (Call 02/20/33)(b)		3,825		3,963,340
6.00%, 05/20/53 (Call 11/20/52)		4,280		4,692,044
Skyworks Solutions Inc.
1.80%, 06/01/26 (Call 05/01/26)		3,410		3,154,086
3.00%, 06/01/31 (Call 03/01/31)		2,970		2,487,319
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		1,090		994,690
1.38%, 03/12/25 (Call 02/12/25)		4,308		4,143,899
1.75%, 05/04/30 (Call 02/04/30)		5,090		4,259,396
1.90%, 09/15/31 (Call 06/15/31)		3,155		2,603,759
2.25%, 09/04/29 (Call 06/04/29)		3,483		3,073,863
2.70%, 09/15/51 (Call 03/15/51)		2,235		1,434,354
2.90%, 11/03/27 (Call 08/03/27)		4,036		3,788,422
3.65%, 08/16/32 (Call 05/16/32)		3,220		2,957,151
3.88%, 03/15/39 (Call 09/15/38)		3,388		2,978,200
4.10%, 08/16/52 (Call 02/16/52)		1,381		1,155,513
4.15%, 05/15/48 (Call 11/15/47)		6,166		5,236,139
4.60%, 02/08/27 (Call 01/08/27)		1,125		1,121,116
4.60%, 02/15/28 (Call 01/15/28)		2,885		2,879,775
4.60%, 02/08/29 (Call 01/08/29)		1,175		1,168,651
4.85%, 02/08/34 (Call 11/08/33)		1,125		1,118,252
4.90%, 03/14/33 (Call 12/14/32)		2,460		2,462,016
5.00%, 03/14/53 (Call 09/14/52)		2,685		2,593,723
5.05%, 05/18/63 (Call 11/18/62)		3,320		3,175,535
5.15%, 02/08/54 (Call 08/08/53)(b)		1,125		1,114,714
TSMC Arizona Corp.
1.75%, 10/25/26 (Call 09/25/26)		6,420		5,896,062
2.50%, 10/25/31 (Call 07/25/31)		5,805		4,914,072
3.13%, 10/25/41 (Call 04/25/41)		5,260		4,170,052
3.25%, 10/25/51 (Call 04/25/51)(b)		4,430		3,358,148
3.88%, 04/22/27 (Call 03/22/27)		1,225		1,187,541
4.13%, 04/22/29 (Call 02/22/29)(b)		855		826,619
4.25%, 04/22/32 (Call 01/22/32)(b)		1,505		1,453,391
4.50%, 04/22/52 (Call 10/22/51)(b)		1,445		1,389,258
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30)		4,366		3,778,284
				664,096,103
Shipbuilding — 0.0%
Huntington Ingalls Industries Inc.
2.04%, 08/16/28 (Call 06/16/28)		2,814		2,446,587
3.48%, 12/01/27 (Call 09/01/27)		3,151		2,952,208
3.84%, 05/01/25 (Call 04/01/25)		2,500		2,445,476
4.20%, 05/01/30 (Call 02/01/30)		1,735		1,631,157
				9,475,428

Security	Par (000)		Value
Software — 0.7%
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)	$	4,816	$	4,482,890
2.30%, 02/01/30 (Call 11/01/29)		6,866		5,989,268
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)		4,678		3,880,573
2.85%, 01/15/30 (Call 10/15/29)		2,662		2,359,755
3.50%, 06/15/27 (Call 03/15/27)		3,905		3,733,754
4.38%, 06/15/25 (Call 03/15/25)		3,357		3,318,707
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		5,486		4,596,414
2.90%, 12/01/29 (Call 09/01/29)		4,403		3,876,027
3.40%, 06/27/26 (Call 03/27/26)		3,317		3,170,408
Concentrix Corp.
6.60%, 08/02/28 (Call 07/02/28)(b)		3,300		3,315,197
6.65%, 08/02/26 (Call 07/02/26)		3,090		3,119,014
6.85%, 08/02/33 (Call 05/02/33)		2,620		2,562,043
Electronic Arts Inc.
1.85%, 02/15/31 (Call 11/15/30)		3,867		3,147,434
2.95%, 02/15/51 (Call 08/15/50)		2,713		1,802,923
4.80%, 03/01/26 (Call 12/01/25)(b)		3,642		3,622,576
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)		6,458		5,973,053
1.65%, 03/01/28 (Call 01/01/28)		3,729		3,286,323
2.25%, 03/01/31 (Call 12/01/30)		6,755		5,645,135
3.10%, 03/01/41 (Call 09/01/40)		3,530		2,541,576
3.75%, 05/21/29 (Call 02/21/29)		60		57,111
4.50%, 07/15/25		2,575		2,550,436
4.50%, 08/15/46 (Call 02/15/46)		1,262		1,034,369
4.70%, 07/15/27 (Call 06/15/27)		2,760		2,739,159
5.10%, 07/15/32 (Call 04/15/32)(b)		2,600		2,598,422
5.63%, 07/15/52 (Call 01/15/52)		2,270		2,245,167
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)		2,765		2,530,023
2.65%, 06/01/30 (Call 03/01/30)		5,589		4,805,872
3.20%, 07/01/26 (Call 05/01/26)		8,434		8,054,800
3.50%, 07/01/29 (Call 04/01/29)		10,355		9,521,779
3.85%, 06/01/25 (Call 03/01/25)		4,945		4,846,171
4.20%, 10/01/28 (Call 07/01/28)		4,912		4,711,758
4.40%, 07/01/49 (Call 01/01/49)		8,430		7,050,332
5.15%, 03/15/27 (Call 02/15/27)		2,180		2,179,233
5.35%, 03/15/31 (Call 01/15/31)		2,260		2,261,320
5.38%, 08/21/28 (Call 07/21/28)		2,800		2,817,285
5.45%, 03/02/28 (Call 02/02/28)		3,550		3,578,981
5.45%, 03/15/34 (Call 12/15/33)		2,030		2,027,276
5.60%, 03/02/33 (Call 12/02/32)		1,630		1,643,365
5.63%, 08/21/33 (Call 05/21/33)		2,750		2,780,895
Intuit Inc.
0.95%, 07/15/25 (Call 06/15/25)		4,225		3,986,196
1.35%, 07/15/27 (Call 05/15/27)		3,529		3,148,370
1.65%, 07/15/30 (Call 04/15/30)		4,342		3,560,412
5.13%, 09/15/28 (Call 08/15/28)		4,155		4,205,051
5.20%, 09/15/33 (Call 06/15/33)		3,935		3,974,309
5.25%, 09/15/26 (Call 08/15/26)		2,825		2,849,637
5.50%, 09/15/53 (Call 03/15/53)		1,435		1,479,803
Microsoft Corp.
1.35%, 09/15/30 (Call 06/15/30)(c)		3,255		2,663,933
2.40%, 08/08/26 (Call 05/08/26)		15,800		14,956,756
2.50%, 09/15/50 (Call 03/15/50)(c)		6,243		3,961,172
2.53%, 06/01/50 (Call 12/01/49)		30,520		19,666,881
2.68%, 06/01/60 (Call 12/01/59)		15,503		9,790,248
2.92%, 03/17/52 (Call 09/17/51)		24,531		16,932,146

S C H E D U L E O F I N V E S T M E N T S 85

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
3.04%, 03/17/62 (Call 09/17/61)	$	9,019	$	6,132,905
3.13%, 11/03/25 (Call 08/03/25)		8,536		8,297,190
3.30%, 02/06/27 (Call 11/06/26)		14,760		14,257,352
3.40%, 09/15/26 (Call 06/15/26)(c)		5,015		4,850,905
3.40%, 06/15/27 (Call 03/15/27)(b)(c)		2,535		2,432,936
3.45%, 08/08/36 (Call 02/08/36)		7,521		6,625,208
3.50%, 02/12/35 (Call 08/12/34)		11,241		10,198,156
3.50%, 11/15/42		2,930		2,455,491
3.70%, 08/08/46 (Call 02/08/46)		3,840		3,194,304
3.75%, 02/12/45 (Call 08/12/44)		1,295		1,106,337
3.95%, 08/08/56 (Call 02/08/56)		870		732,327
4.00%, 02/12/55 (Call 08/12/54)		1,980		1,717,604
4.10%, 02/06/37 (Call 08/06/36)		3,375		3,179,665
4.20%, 11/03/35 (Call 05/03/35)		1,210		1,169,335
4.25%, 02/06/47 (Call 08/06/46)		1,827		1,682,869
4.45%, 11/03/45 (Call 05/03/45)		2,946		2,808,875
4.50%, 10/01/40		2,770		2,704,255
4.50%, 06/15/47 (Call 12/15/46)(c)		2,343		2,182,246
4.50%, 02/06/57 (Call 08/06/56)		1,310		1,237,302
5.20%, 06/01/39(b)		1,140		1,204,059
5.30%, 02/08/41(b)		2,715		2,904,024
Oracle Corp.
1.65%, 03/25/26 (Call 02/25/26)		8,290		7,699,704
2.30%, 03/25/28 (Call 01/25/28)		9,455		8,470,735
2.50%, 04/01/25 (Call 03/01/25)(b)		10,119		9,800,604
2.65%, 07/15/26 (Call 04/15/26)		13,940		13,129,904
2.80%, 04/01/27 (Call 02/01/27)		9,532		8,890,783
2.88%, 03/25/31 (Call 12/25/30)		11,486		9,908,619
2.95%, 05/15/25 (Call 02/15/25)		8,324		8,078,472
2.95%, 04/01/30 (Call 01/01/30)		13,075		11,531,452
3.25%, 11/15/27 (Call 08/15/27)		9,362		8,778,608
3.25%, 05/15/30 (Call 02/15/30)		1,504		1,348,016
3.60%, 04/01/40 (Call 10/01/39)		13,530		10,446,274
3.60%, 04/01/50 (Call 10/01/49)		17,548		12,350,446
3.65%, 03/25/41 (Call 09/25/40)		7,833		6,024,045
3.80%, 11/15/37 (Call 05/15/37)		7,448		6,125,960
3.85%, 07/15/36 (Call 01/15/36)		5,407		4,545,277
3.85%, 04/01/60 (Call 10/01/59)		13,483		9,366,372
3.90%, 05/15/35 (Call 11/15/34)		5,250		4,506,424
3.95%, 03/25/51 (Call 09/25/50)		12,185		9,081,867
4.00%, 07/15/46 (Call 01/15/46)		10,899		8,383,518
4.00%, 11/15/47 (Call 05/15/47)		8,673		6,631,006
4.10%, 03/25/61 (Call 09/25/60)		5,515		4,036,589
4.13%, 05/15/45 (Call 11/15/44)		8,294		6,552,623
4.30%, 07/08/34 (Call 01/08/34)		7,287		6,607,023
4.38%, 05/15/55 (Call 11/15/54)		5,059		3,964,114
4.50%, 05/06/28 (Call 04/06/28)		2,270		2,226,647
4.50%, 07/08/44 (Call 01/08/44)		3,438		2,885,539
4.65%, 05/06/30 (Call 03/06/30)		2,255		2,193,703
4.90%, 02/06/33 (Call 11/06/32)		4,765		4,600,939
5.38%, 07/15/40		8,379		8,013,959
5.55%, 02/06/53 (Call 08/06/52)		7,145		6,838,853
5.80%, 11/10/25		2,115		2,132,000
6.13%, 07/08/39		4,778		4,916,914
6.15%, 11/09/29 (Call 09/09/29)		5,330		5,572,977
6.25%, 11/09/32 (Call 08/09/32)		7,452		7,868,721
6.50%, 04/15/38		6,250		6,675,236
6.90%, 11/09/52 (Call 05/09/52)		8,845		9,979,658
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		3,876		3,629,768
1.40%, 09/15/27 (Call 07/15/27)		3,221		2,845,256

Security	Par (000)		Value
Software (continued)
1.75%, 02/15/31 (Call 11/15/30)	$	4,528	$	3,617,449
2.00%, 06/30/30 (Call 03/30/30)		2,854		2,370,846
2.95%, 09/15/29 (Call 06/15/29)		3,618		3,238,687
3.80%, 12/15/26 (Call 09/15/26)		3,712		3,588,028
3.85%, 12/15/25 (Call 09/15/25)		3,121		3,044,937
4.20%, 09/15/28 (Call 06/15/28)		3,869		3,738,545
Salesforce Inc.
1.50%, 07/15/28 (Call 05/15/28)		3,105		2,716,128
1.95%, 07/15/31 (Call 04/15/31)		5,252		4,300,956
2.70%, 07/15/41 (Call 01/15/41)		3,400		2,425,266
2.90%, 07/15/51 (Call 01/15/51)		5,840		3,884,467
3.05%, 07/15/61 (Call 01/15/61)		4,350		2,797,337
3.70%, 04/11/28 (Call 01/11/28)		9,011		8,694,926
ServiceNow Inc., 1.40%, 09/01/30
(Call 06/01/30)		7,809		6,264,089
Take-Two Interactive Software Inc.
3.55%, 04/14/25		3,300		3,232,669
3.70%, 04/14/27 (Call 03/14/27)		3,655		3,494,182
4.00%, 04/14/32 (Call 01/14/32)		2,583		2,368,107
4.95%, 03/28/28 (Call 02/28/28)		3,665		3,634,489
5.00%, 03/28/26		4,695		4,669,486
VMware LLC
1.40%, 08/15/26 (Call 07/15/26)		4,057		3,688,504
1.80%, 08/15/28 (Call 06/15/28)		2,189		1,895,155
2.20%, 08/15/31 (Call 05/15/31)		2,043		1,647,281
3.90%, 08/21/27 (Call 05/21/27)		4,341		4,139,021
4.50%, 05/15/25 (Call 04/15/25)		3,301		3,264,538
4.65%, 05/15/27 (Call 03/15/27)		4,276		4,185,675
4.70%, 05/15/30 (Call 02/15/30)		2,815		2,707,011
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		3,480		3,312,744
3.70%, 04/01/29 (Call 02/01/29)		2,963		2,769,295
3.80%, 04/01/32 (Call 01/01/32)		4,560		4,121,877
				669,155,383
Telecommunications — 1.1%
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)		4,305		3,772,610
3.63%, 04/22/29 (Call 01/22/29)		4,641		4,311,091
4.38%, 07/16/42		5,150		4,457,280
4.38%, 04/22/49 (Call 10/22/48)(b)		5,371		4,618,195
4.70%, 07/21/32 (Call 04/21/32)		3,775		3,621,056
6.13%, 11/15/37		3,780		3,969,060
6.13%, 03/30/40		6,952		7,275,383
6.38%, 03/01/35		4,763		5,160,733
AT&T Inc.
1.65%, 02/01/28 (Call 12/01/27)		13,386		11,779,826
1.70%, 03/25/26 (Call 03/11/24)		7,171		6,667,319
2.25%, 02/01/32 (Call 11/01/31)		12,096		9,700,529
2.30%, 06/01/27 (Call 04/01/27)		6,137		5,618,829
2.55%, 12/01/33 (Call 09/01/33)		14,853		11,712,194
2.75%, 06/01/31 (Call 03/01/31)		11,241		9,572,034
2.95%, 07/15/26 (Call 04/15/26)		3,311		3,146,189
3.10%, 02/01/43 (Call 08/01/42)(b)		1,680		1,207,561
3.30%, 02/01/52 (Call 08/01/51)		2,680		1,817,503
3.50%, 06/01/41 (Call 12/01/40)		11,945		9,168,855
3.50%, 09/15/53 (Call 03/15/53)		31,876		21,929,540
3.50%, 02/01/61 (Call 08/01/60)		1,560		1,041,212
3.55%, 09/15/55 (Call 03/15/55)		30,738		20,941,873
3.65%, 06/01/51 (Call 12/01/50)		10,381		7,424,488
3.65%, 09/15/59 (Call 03/15/59)		26,337		17,847,200
3.80%, 02/15/27 (Call 11/15/26)		2,644		2,547,586

86 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
3.80%, 12/01/57 (Call 06/01/57)	$	24,576	$	17,341,176
3.85%, 06/01/60 (Call 12/01/59)		7,415		5,235,956
3.88%, 01/15/26 (Call 10/15/25)		2,739		2,671,908
4.10%, 02/15/28 (Call 11/15/27)		2,370		2,284,996
4.25%, 03/01/27 (Call 12/01/26)		2,754		2,684,466
4.30%, 02/15/30 (Call 11/15/29)		12,502		11,931,627
4.30%, 12/15/42 (Call 06/15/42)		3,753		3,168,649
4.35%, 03/01/29 (Call 12/01/28)		11,974		11,566,239
4.35%, 06/15/45 (Call 12/15/44)		3,070		2,568,517
4.50%, 05/15/35 (Call 11/15/34)		13,304		12,241,673
4.50%, 03/09/48 (Call 09/09/47)		5,355		4,474,195
4.55%, 03/09/49 (Call 09/09/48)		4,079		3,422,045
4.65%, 06/01/44 (Call 12/01/43)		2,244		1,929,717
4.75%, 05/15/46 (Call 11/15/45)		3,851		3,371,314
4.80%, 06/15/44 (Call 12/15/43)		730		645,240
4.85%, 03/01/39 (Call 09/01/38)		10,592		9,750,965
4.85%, 07/15/45 (Call 01/15/45)		594		525,720
4.90%, 08/15/37 (Call 02/14/37)		4,503		4,210,205
5.15%, 03/15/42(b)		650		619,032
5.15%, 11/15/46 (Call 05/15/46)		1,851		1,713,488
5.15%, 02/15/50 (Call 08/14/49)		1,317		1,204,353
5.25%, 03/01/37 (Call 09/01/36)		2,410		2,339,624
5.35%, 09/01/40		1,263		1,217,136
5.40%, 02/15/34 (Call 11/15/33)		10,015		10,028,346
5.45%, 03/01/47 (Call 09/01/46)		2,127		2,066,690
5.54%, 02/20/26 (Call 03/11/24)		905		903,834
5.55%, 08/15/41		592		589,646
5.65%, 02/15/47 (Call 08/15/46)(b)		702		703,219
5.70%, 03/01/57 (Call 09/01/56)		1,066		1,044,491
6.00%, 08/15/40 (Call 05/15/40)		1,724		1,767,320
6.30%, 01/15/38		895		946,069
6.38%, 03/01/41		1,119		1,177,383
6.55%, 02/15/39		660		709,313
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52 (Call 02/15/52)		2,770		2,036,382
4.30%, 07/29/49 (Call 01/29/49)		2,745		2,258,938
4.46%, 04/01/48 (Call 10/01/47)		4,721		4,012,669
5.10%, 05/11/33 (Call 02/11/33)		3,855		3,814,239
5.20%, 02/15/34 (Call 11/15/33)		2,000		1,973,486
5.55%, 02/15/54 (Call 08/15/53)		2,000		1,967,770
Series US-4, 3.65%, 03/17/51 (Call 09/17/50)		2,439		1,795,603
Series US-5, 2.15%, 02/15/32 (Call 11/15/31)		2,755		2,209,612
Series US-6, 3.20%, 02/15/52 (Call 08/15/51)		1,215		816,009
British Telecommunications PLC
5.13%, 12/04/28 (Call 09/04/28)		4,323		4,345,158
9.63%, 12/15/30		9,111		11,142,322
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)		4,732		4,465,406
2.95%, 02/28/26		2,995		2,886,850
3.50%, 06/15/25		2,898		2,843,814
4.80%, 02/26/27 (Call 01/26/27)		5,475		5,476,269
4.85%, 02/26/29 (Call 01/26/29)		5,475		5,483,762
4.90%, 02/26/26		3,505		3,506,536
4.95%, 02/26/31 (Call 12/26/30)		4,065		4,068,442
5.05%, 02/26/34 (Call 11/26/33)		4,205		4,226,762
5.30%, 02/26/54 (Call 08/26/53)		3,015		3,050,977
5.35%, 02/26/64 (Call 08/26/63)		3,255		3,278,920
5.50%, 01/15/40		8,326		8,595,550

Security	Par (000)		Value
Telecommunications (continued)
5.90%, 02/15/39	$	9,380	$	10,066,023
Corning Inc.
3.90%, 11/15/49 (Call 05/15/49)		1,948		1,507,386
4.38%, 11/15/57 (Call 05/15/57)		3,422		2,814,932
4.70%, 03/15/37		1,587		1,457,684
4.75%, 03/15/42		1,330		1,191,518
5.35%, 11/15/48 (Call 05/15/48)		2,474		2,375,781
5.45%, 11/15/79 (Call 05/19/79)		3,508		3,239,859
5.75%, 08/15/40		2,132		2,130,955
5.85%, 11/15/68 (Call 05/15/68)		1,407		1,384,229
Deutsche Telekom International Finance BV
8.75%, 06/15/30		12,935		15,253,803
9.25%, 06/01/32		3,407		4,299,530
Juniper Networks Inc.
1.20%, 12/10/25 (Call 11/10/25)		840		778,559
2.00%, 12/10/30 (Call 09/10/30)		2,116		1,703,709
3.75%, 08/15/29 (Call 05/15/29)		2,711		2,512,771
5.95%, 03/15/41		1,649		1,631,325
Koninklijke KPN NV, 8.38%, 10/01/30		1,332		1,552,597
KT Corp., 4.00%, 08/08/25(c)		20		19,608
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		2,391		1,969,037
2.75%, 05/24/31 (Call 02/24/31)		4,050		3,378,636
4.60%, 02/23/28 (Call 11/23/27)		3,860		3,786,427
4.60%, 05/23/29 (Call 02/23/29)		3,701		3,597,900
5.50%, 09/01/44		1,228		1,167,039
5.60%, 06/01/32 (Call 03/01/32)		2,750		2,758,425
Nokia OYJ
4.38%, 06/12/27		2,548		2,442,014
6.63%, 05/15/39		1,696		1,636,537
Orange SA
5.38%, 01/13/42		4,079		4,011,779
5.50%, 02/06/44 (Call 08/06/43)		2,674		2,668,010
9.00%, 03/01/31		9,825		11,872,769
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		3,832		3,606,425
2.95%, 03/15/25		4,375		4,258,754
3.20%, 03/15/27 (Call 02/15/27)		3,140		2,956,399
3.63%, 12/15/25 (Call 09/15/25)		4,068		3,942,217
3.70%, 11/15/49 (Call 05/15/49)		4,053		2,911,946
3.80%, 03/15/32 (Call 12/15/31)		3,535		3,140,477
4.30%, 02/15/48 (Call 08/15/47)		3,312		2,646,050
4.35%, 05/01/49 (Call 11/01/48)		5,273		4,235,070
4.50%, 03/15/42 (Call 09/15/41)		3,230		2,773,507
4.50%, 03/15/43 (Call 09/15/42)		2,263		1,913,830
4.55%, 03/15/52 (Call 09/15/51)		5,335		4,402,930
5.00%, 02/15/29 (Call 01/15/29)		1,480		1,466,228
5.00%, 03/15/44 (Call 09/15/43)		4,043		3,646,469
5.30%, 02/15/34 (Call 11/15/33)		260		255,245
5.45%, 10/01/43 (Call 04/01/43)		2,878		2,752,440
7.50%, 08/15/38		1,801		2,071,046
Sprint Capital Corp.
6.88%, 11/15/28		1,730		1,843,896
8.75%, 03/15/32		6,855		8,283,672
Sprint LLC, 7.63%, 03/01/26 (Call 11/01/25)		1,710		1,767,103
Telefonica Emisiones SA
4.10%, 03/08/27		2,994		2,899,563
4.67%, 03/06/38		2,436		2,172,348
4.90%, 03/06/48		4,708		4,034,520
5.21%, 03/08/47		9,535		8,567,867
5.52%, 03/01/49 (Call 09/01/48)		4,857		4,530,905

S C H E D U L E O F I N V E S T M E N T S 87

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
7.05%, 06/20/36	$	7,689	$	8,471,867
Telefonica Europe BV, 8.25%, 09/15/30		5,818		6,603,543
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		3,590		3,363,234
3.40%, 05/13/32 (Call 02/13/32)		4,565		3,960,732
3.70%, 09/15/27 (Call 06/15/27)		4,183		3,970,443
4.30%, 06/15/49 (Call 12/15/48)		1,942		1,577,996
4.60%, 11/16/48 (Call 05/16/48)		2,807		2,398,693
T-Mobile USA Inc.
1.50%, 02/15/26 (Call 01/15/26)		3,193		2,968,713
2.05%, 02/15/28 (Call 12/15/27)		7,370		6,565,269
2.25%, 02/15/26 (Call 03/11/24)		8,536		8,041,746
2.25%, 11/15/31 (Call 08/15/31)		5,144		4,173,588
2.40%, 03/15/29 (Call 01/15/29)		1,128		992,273
2.55%, 02/15/31 (Call 11/15/30)		11,374		9,584,313
2.63%, 04/15/26 (Call 03/11/24)		7,143		6,767,268
2.63%, 02/15/29 (Call 03/11/24)		8,625		7,660,252
2.70%, 03/15/32 (Call 12/15/31)		4,650		3,864,396
2.88%, 02/15/31 (Call 02/15/26)		5,960		5,126,949
3.00%, 02/15/41 (Call 08/15/40)		10,511		7,585,501
3.30%, 02/15/51 (Call 08/15/50)		11,874		8,167,564
3.38%, 04/15/29 (Call 04/15/24)		5,505		5,056,236
3.40%, 10/15/52 (Call 04/15/52)		9,830		6,826,760
3.50%, 04/15/25 (Call 03/15/25)		11,481		11,226,271
3.50%, 04/15/31 (Call 04/15/26)		7,925		7,091,774
3.60%, 11/15/60 (Call 05/15/60)		7,588		5,229,196
3.75%, 04/15/27 (Call 02/15/27)		15,212		14,582,701
3.88%, 04/15/30 (Call 01/15/30)		26,782		24,868,478
4.38%, 04/15/40 (Call 10/15/39)		8,640		7,573,627
4.50%, 04/15/50 (Call 10/15/49)		11,577		9,786,189
4.75%, 02/01/28 (Call 03/11/24)		6,890		6,779,670
4.80%, 07/15/28 (Call 06/15/28)		4,715		4,652,140
4.85%, 01/15/29 (Call 12/15/28)		3,385		3,342,585
4.95%, 03/15/28 (Call 02/15/28)		4,695		4,666,257
5.05%, 07/15/33 (Call 04/15/33)		11,335		11,088,016
5.15%, 04/15/34 (Call 01/15/34)		1,690		1,662,168
5.20%, 01/15/33 (Call 10/15/32)		2,075		2,061,710
5.38%, 04/15/27 (Call 03/11/24)		5,405		5,398,065
5.50%, 01/15/55 (Call 07/15/54)		740		722,277
5.65%, 01/15/53 (Call 07/15/52)		6,830		6,779,917
5.75%, 01/15/34 (Call 10/15/33)		5,165		5,320,815
5.75%, 01/15/54 (Call 07/15/53)		5,665		5,728,878
5.80%, 09/15/62 (Call 03/15/62)		1,475		1,493,268
6.00%, 06/15/54 (Call 12/15/53)		1,950		2,046,321
Verizon Communications Inc.
0.85%, 11/20/25 (Call 10/20/25)		7,986		7,411,291
1.45%, 03/20/26 (Call 02/20/26)		6,955		6,449,032
1.50%, 09/18/30 (Call 06/18/30)		3,627		2,909,938
1.68%, 10/30/30 (Call 07/30/30)		3,418		2,750,427
1.75%, 01/20/31 (Call 10/20/30)		9,650		7,738,647
2.10%, 03/22/28 (Call 01/22/28)		13,210		11,761,746
2.36%, 03/15/32 (Call 12/15/31)		19,552		15,836,056
2.55%, 03/21/31 (Call 12/21/30)		12,661		10,666,482
2.63%, 08/15/26		9,504		8,962,390
2.65%, 11/20/40 (Call 05/20/40)		13,393		9,233,185
2.85%, 09/03/41 (Call 03/03/41)		5,422		3,819,053
2.88%, 11/20/50 (Call 05/20/50)		12,559		8,001,958
2.99%, 10/30/56 (Call 04/30/56)		15,759		9,796,532
3.00%, 03/22/27 (Call 01/22/27)		4,430		4,168,148
3.00%, 11/20/60 (Call 05/20/60)(b)		9,916		6,019,639
3.15%, 03/22/30 (Call 12/22/29)		7,864		7,039,842

Security	Par (000)		Value
Telecommunications (continued)
3.40%, 03/22/41 (Call 09/22/40)	$	12,495	$	9,568,180
3.55%, 03/22/51 (Call 09/22/50)		18,648		13,541,068
3.70%, 03/22/61 (Call 09/22/60)		10,185		7,244,589
3.85%, 11/01/42 (Call 05/01/42)		4,726		3,801,047
3.88%, 02/08/29 (Call 11/08/28)		5,552		5,274,855
3.88%, 03/01/52 (Call 09/01/51)		5,460		4,206,525
4.00%, 03/22/50 (Call 09/22/49)		5,777		4,556,048
4.02%, 12/03/29 (Call 09/03/29)		13,054		12,390,506
4.13%, 03/16/27		10,213		9,932,592
4.13%, 08/15/46		3,517		2,878,375
4.27%, 01/15/36		1,140		1,034,837
4.33%, 09/21/28		17,351		16,844,131
4.40%, 11/01/34 (Call 05/01/34)		8,459		7,862,472
4.50%, 08/10/33		9,687		9,128,305
4.52%, 09/15/48		1,740		1,522,451
4.67%, 03/15/55		1,378		1,215,312
4.75%, 11/01/41		2,853		2,625,502
4.81%, 03/15/39		5,757		5,369,263
4.86%, 08/21/46		9,364		8,596,346
5.01%, 04/15/49(b)		2,015		1,958,794
5.01%, 08/21/54		1,220		1,130,855
5.05%, 05/09/33 (Call 02/09/33)		2,525		2,499,749
5.25%, 03/16/37		6,132		6,113,128
5.50%, 03/16/47		3,441		3,463,502
5.50%, 02/23/54 (Call 08/23/53)		1,125		1,111,576
5.85%, 09/15/35		2,077		2,168,949
6.40%, 09/15/33		640		687,901
6.55%, 09/15/43		4,028		4,487,079
7.75%, 12/01/30		3,699		4,220,014
Vodafone Group PLC
4.13%, 05/30/25		8,229		8,094,857
4.25%, 09/17/50		6,984		5,501,592
4.38%, 05/30/28		3,205		3,150,071
4.38%, 02/19/43		8,357		7,034,809
4.88%, 06/19/49		4,673		4,044,917
5.00%, 05/30/38		1,193		1,149,167
5.13%, 06/19/59		1,361		1,197,793
5.25%, 05/30/48		1,115		1,034,197
5.63%, 02/10/53 (Call 08/10/52)		3,595		3,466,872
5.75%, 02/10/63 (Call 08/10/62)		1,525		1,488,994
6.15%, 02/27/37		7,550		7,879,982
6.25%, 11/30/32		2,623		2,784,618
7.88%, 02/15/30		3,450		3,911,684
				1,149,471,452
Toys, Games & Hobbies — 0.0%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)		2,614		2,452,735
3.55%, 11/19/26 (Call 09/19/26)		3,424		3,247,085
3.90%, 11/19/29 (Call 08/19/29)		3,829		3,513,384
5.10%, 05/15/44 (Call 11/15/43)		1,601		1,344,657
6.35%, 03/15/40(b)		2,084		2,112,125
Mattel Inc., 5.45%, 11/01/41 (Call 05/01/41)(b)		915		830,255
				13,500,241
Transportation — 0.6%
BNSF Funding Trust I, 6.61%, 12/15/55 (Call 01/15/26), (3-mo. LIBOR US + 2.350%)(a)		1,357		1,341,552
Burlington Northern Santa Fe LLC
2.88%, 06/15/52 (Call 12/15/51)		2,369		1,539,813
3.00%, 04/01/25 (Call 01/01/25)		4,350		4,250,984

88 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
3.05%, 02/15/51 (Call 08/15/50)	$	2,797	$	1,894,603
3.25%, 06/15/27 (Call 03/15/27)		5,306		5,060,515
3.30%, 09/15/51 (Call 03/15/51)		3,900		2,779,563
3.55%, 02/15/50 (Call 08/15/49)		3,391		2,554,046
3.65%, 09/01/25 (Call 06/01/25)		3,422		3,347,950
3.90%, 08/01/46 (Call 02/01/46)		3,478		2,799,159
4.05%, 06/15/48 (Call 12/15/47)		2,944		2,428,149
4.13%, 06/15/47 (Call 12/15/46)		3,235		2,705,355
4.15%, 04/01/45 (Call 10/01/44)		4,433		3,731,055
4.15%, 12/15/48 (Call 06/15/48)		3,380		2,815,411
4.38%, 09/01/42 (Call 03/01/42)		1,537		1,359,711
4.40%, 03/15/42 (Call 09/15/41)		2,672		2,374,731
4.45%, 03/15/43 (Call 09/15/42)		3,500		3,108,654
4.45%, 01/15/53 (Call 07/15/52)		2,505		2,195,675
4.55%, 09/01/44 (Call 03/01/44)		3,298		2,946,845
4.70%, 09/01/45 (Call 03/01/45)		2,479		2,265,359
4.90%, 04/01/44 (Call 10/01/43)		2,984		2,815,580
4.95%, 09/15/41 (Call 03/15/41)		1,673		1,594,435
5.05%, 03/01/41 (Call 09/01/40)		1,959		1,899,395
5.15%, 09/01/43 (Call 03/01/43)		2,935		2,857,681
5.20%, 04/15/54 (Call 10/15/53)		5,060		4,944,581
5.40%, 06/01/41 (Call 12/01/40)		1,942		1,954,393
5.75%, 05/01/40 (Call 11/01/39)		3,416		3,570,535
6.15%, 05/01/37		1,858		2,026,965
6.20%, 08/15/36		1,475		1,612,115
7.00%, 12/15/25		2,524		2,609,464
Canadian National Railway Co.
2.45%, 05/01/50 (Call 11/01/49)		3,277		2,043,334
2.75%, 03/01/26 (Call 12/01/25)		5,088		4,880,001
3.20%, 08/02/46 (Call 02/02/46)		2,554		1,893,252
3.65%, 02/03/48 (Call 08/03/47)		2,559		2,026,888
3.85%, 08/05/32 (Call 05/05/32)		3,500		3,220,475
4.40%, 08/05/52 (Call 02/05/52)		2,310		2,034,356
4.45%, 01/20/49 (Call 07/20/48)		3,007		2,685,686
5.85%, 11/01/33 (Call 08/01/33)		1,215		1,289,502
6.13%, 11/01/53 (Call 05/01/53)		230		261,389
6.20%, 06/01/36		1,283		1,398,034
6.25%, 08/01/34		1,875		2,047,430
6.38%, 11/15/37		1,992		2,181,053
6.90%, 07/15/28		1,765		1,902,309
Canadian Pacific Railway Co.
1.75%, 12/02/26 (Call 11/02/26)		2,710		2,484,561
2.05%, 03/05/30 (Call 12/05/29)		2,771		2,335,202
2.45%, 12/02/31 (Call 09/02/31)		3,035		2,695,649
2.88%, 11/15/29 (Call 08/15/29)		2,663		2,368,404
3.00%, 12/02/41 (Call 06/02/41)		4,182		3,524,467
3.10%, 12/02/51 (Call 06/02/51)		6,292		4,279,921
3.50%, 05/01/50 (Call 11/01/49)		2,805		2,048,357
4.00%, 06/01/28 (Call 03/01/28)		3,255		3,130,443
4.20%, 11/15/69 (Call 05/15/69)		1,561		1,221,263
4.30%, 05/15/43 (Call 11/15/42)		2,156		1,844,101
4.70%, 05/01/48 (Call 11/01/47)		2,245		1,974,171
4.80%, 09/15/35 (Call 03/15/35)		2,718		2,600,276
4.80%, 08/01/45 (Call 02/01/45)		2,652		2,399,918
4.95%, 08/15/45 (Call 02/15/45)		2,382		2,183,471
5.95%, 05/15/37		1,223		1,264,033
6.13%, 09/15/2115 (Call 03/15/15)		3,134		3,294,008
7.13%, 10/15/31(b)		1,348		1,505,952
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28)		4,180		4,029,850

Security	Par (000)		Value
Transportation (continued)
CSX Corp.
2.40%, 02/15/30 (Call 11/15/29)	$	2,798	$	2,428,596
2.50%, 05/15/51 (Call 11/15/50)		1,016		618,005
2.60%, 11/01/26 (Call 08/01/26)		5,433		5,123,683
3.25%, 06/01/27 (Call 03/01/27)		6,591		6,254,755
3.35%, 11/01/25 (Call 08/01/25)		6,259		6,075,957
3.35%, 09/15/49 (Call 03/15/49)		2,579		1,847,032
3.80%, 03/01/28 (Call 12/01/27)		3,471		3,338,356
3.80%, 11/01/46 (Call 05/01/46)		2,094		1,648,774
3.80%, 04/15/50 (Call 10/15/49)		2,211		1,717,008
3.95%, 05/01/50 (Call 11/01/49)		2,561		2,046,553
4.10%, 11/15/32 (Call 08/15/32)		2,956		2,758,112
4.10%, 03/15/44 (Call 09/15/43)		3,758		3,159,508
4.25%, 03/15/29 (Call 12/15/28)		4,860		4,733,737
4.25%, 11/01/66 (Call 05/01/66)		2,253		1,794,850
4.30%, 03/01/48 (Call 09/01/47)		3,200		2,729,569
4.40%, 03/01/43 (Call 09/01/42)		1,785		1,582,319
4.50%, 03/15/49 (Call 09/15/48)		1,711		1,493,494
4.50%, 11/15/52 (Call 05/15/52)		3,126		2,734,733
4.50%, 08/01/54 (Call 02/01/54)		1,274		1,108,395
4.65%, 03/01/68 (Call 09/01/67)		1,790		1,538,361
4.75%, 05/30/42 (Call 11/30/41)		3,050		2,808,699
4.75%, 11/15/48 (Call 05/15/48)		2,746		2,499,515
5.20%, 11/15/33 (Call 08/15/33)		3,170		3,191,245
5.50%, 04/15/41 (Call 10/15/40)		1,564		1,578,152
6.00%, 10/01/36		1,637		1,741,981
6.15%, 05/01/37		2,400		2,600,034
6.22%, 04/30/40		3,108		3,367,457
FedEx Corp.
2.40%, 05/15/31 (Call 02/15/31)(b)		3,880		3,240,627
3.10%, 08/05/29 (Call 05/05/29)		5,329		4,834,181
3.25%, 04/01/26 (Call 01/01/26)		6,292		6,061,820
3.25%, 05/15/41 (Call 11/15/40)		2,505		1,846,272
3.40%, 02/15/28 (Call 11/15/27)		3,397		3,207,420
3.88%, 08/01/42		1,675		1,329,751
3.90%, 02/01/35		2,400		2,112,531
4.05%, 02/15/48 (Call 08/15/47)		2,745		2,157,959
4.10%, 04/15/43		2,425		1,976,136
4.10%, 02/01/45		2,215		1,774,982
4.20%, 10/17/28 (Call 07/17/28)		839		808,156
4.25%, 05/15/30 (Call 02/15/30)		1,540		1,469,631
4.40%, 01/15/47 (Call 07/15/46)		4,300		3,566,658
4.55%, 04/01/46 (Call 10/01/45)		4,835		4,117,954
4.75%, 11/15/45 (Call 05/15/45)		6,147		5,380,046
4.90%, 01/15/34		2,577		2,502,713
4.95%, 10/17/48 (Call 04/17/48)		1,976		1,779,046
5.10%, 01/15/44		3,157		2,919,008
5.25%, 05/15/50 (Call 11/15/49)(b)		4,876		4,601,109
FedEx Corp. Pass Through Trust, Series 2020-1, Class AA, 1.88%, 08/20/35(b)		4,364		3,581,599
JB Hunt Transport Services Inc., 3.88%, 03/01/26 (Call 01/01/26)		4,442		4,335,913
Kirby Corp., 4.20%, 03/01/28 (Call 12/01/27)		2,957		2,825,240
Norfolk Southern Corp.
2.30%, 05/15/31 (Call 02/15/31)		2,740		2,286,932
2.55%, 11/01/29 (Call 08/01/29)		2,626		2,307,718
2.90%, 06/15/26 (Call 03/15/26)		3,803		3,623,484
2.90%, 08/25/51 (Call 02/25/51)		2,508		1,612,667
3.00%, 03/15/32 (Call 12/15/31)		2,870		2,466,939
3.05%, 05/15/50 (Call 11/15/49)		3,377		2,258,929
3.15%, 06/01/27 (Call 03/01/27)		1,659		1,572,127

S C H E D U L E O F I N V E S T M E N T S 89

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
3.16%, 05/15/55 (Call 11/15/54)	$	3,116	$	2,041,240
3.40%, 11/01/49 (Call 05/01/49)		1,874		1,360,431
3.65%, 08/01/25 (Call 06/01/25)		3,023		2,956,804
3.70%, 03/15/53 (Call 09/15/52)		1,711		1,272,298
3.80%, 08/01/28 (Call 05/01/28)		2,766		2,646,194
3.94%, 11/01/47 (Call 05/01/47)		3,139		2,479,449
3.95%, 10/01/42 (Call 04/01/42)		1,372		1,125,126
4.05%, 08/15/52 (Call 02/15/52)		3,224		2,569,115
4.10%, 05/15/49 (Call 11/15/48)		1,690		1,372,375
4.10%, 05/15/2121 (Call 11/15/20)		2,295		1,656,225
4.15%, 02/28/48 (Call 08/28/47)		3,045		2,516,650
4.45%, 03/01/33 (Call 12/01/32)(b)		2,304		2,192,239
4.45%, 06/15/45 (Call 12/15/44)		2,292		1,973,480
4.55%, 06/01/53 (Call 12/01/52)		3,125		2,704,534
4.65%, 01/15/46 (Call 07/15/45)		2,209		1,956,774
4.84%, 10/01/41		2,437		2,270,769
5.05%, 08/01/30 (Call 06/01/30)		3,160		3,155,625
5.10%, 12/31/49 (Call 02/01/18)		715		621,174
5.35%, 08/01/54 (Call 02/01/54)		2,655		2,604,883
5.55%, 03/15/34 (Call 12/15/33)		2,277		2,335,770
5.95%, 03/15/64 (Call 09/15/63)		2,887		3,041,036
7.80%, 05/15/27		842		912,534
Ryder System Inc.
1.75%, 09/01/26 (Call 08/01/26)		2,205		2,025,643
2.85%, 03/01/27 (Call 02/01/27)		1,895		1,772,094
2.90%, 12/01/26 (Call 10/01/26)		2,600		2,442,913
3.35%, 09/01/25 (Call 08/01/25)		2,015		1,953,040
4.30%, 06/15/27 (Call 05/15/27)		1,920		1,868,565
4.63%, 06/01/25 (Call 05/01/25)		2,705		2,679,490
5.25%, 06/01/28 (Call 05/01/28)		2,262		2,265,418
5.30%, 03/15/27 (Call 02/15/27)		1,315		1,316,716
5.38%, 03/15/29 (Call 02/15/29)		1,425		1,423,431
5.65%, 03/01/28 (Call 02/01/28)		2,931		2,979,697
6.30%, 12/01/28 (Call 11/01/28)		1,830		1,906,901
6.60%, 12/01/33 (Call 09/01/33)(b)		2,145		2,296,639
Union Pacific Corp.
2.15%, 02/05/27 (Call 12/05/26)		3,233		2,996,995
2.38%, 05/20/31 (Call 02/20/31)		3,560		3,009,061
2.40%, 02/05/30 (Call 11/05/29)		4,210		3,663,114
2.75%, 03/01/26 (Call 12/01/25)(b)		4,662		4,463,190
2.80%, 02/14/32 (Call 12/15/31)		5,952		5,108,384
2.89%, 04/06/36 (Call 01/06/36)		3,035		2,447,647
2.95%, 03/10/52 (Call 09/10/51)		3,255		2,176,136
2.97%, 09/16/62 (Call 03/16/62)		3,140		1,942,310
3.00%, 04/15/27 (Call 01/15/27)		3,575		3,382,868
3.20%, 05/20/41 (Call 11/20/40)		4,780		3,677,126
3.25%, 08/15/25 (Call 05/15/25)		3,453		3,362,952
3.25%, 02/05/50 (Call 08/05/49)		6,711		4,840,719
3.35%, 08/15/46 (Call 02/15/46)		1,711		1,235,468
3.38%, 02/01/35 (Call 08/01/34)		2,056		1,754,800
3.38%, 02/14/42 (Call 08/14/41)		2,945		2,299,231
3.50%, 02/14/53 (Call 08/14/52)		5,035		3,744,495
3.55%, 08/15/39 (Call 02/15/39)		2,835		2,325,511
3.55%, 05/20/61 (Call 11/20/60)		2,604		1,856,649
3.60%, 09/15/37 (Call 03/15/37)		2,341		2,000,699
3.70%, 03/01/29 (Call 12/01/28)		4,128		3,934,376
3.75%, 07/15/25 (Call 05/15/25)		3,574		3,507,470
3.75%, 02/05/70 (Call 08/05/69)		2,750		2,009,878
3.80%, 10/01/51 (Call 04/01/51)		3,653		2,880,513
3.80%, 04/06/71 (Call 10/06/70)		2,525		1,848,254
3.84%, 03/20/60 (Call 09/20/59)		5,471		4,148,234

Security	Par (000)		Value
Transportation (continued)
3.85%, 02/14/72 (Call 08/14/71)	$	1,965	$	1,455,761
3.88%, 02/01/55 (Call 08/01/54)(b)		1,670		1,296,119
3.95%, 09/10/28 (Call 06/10/28)		5,519		5,353,199
3.95%, 08/15/59 (Call 02/15/59)		2,320		1,799,486
4.00%, 04/15/47 (Call 10/15/46)		2,514		2,043,516
4.05%, 11/15/45 (Call 05/15/45)		2,106		1,725,619
4.05%, 03/01/46 (Call 09/01/45)		2,620		2,157,031
4.10%, 09/15/67 (Call 03/15/67)		2,131		1,674,135
4.30%, 03/01/49 (Call 09/01/48)		2,889		2,448,677
4.50%, 01/20/33 (Call 10/20/32)(b)		5,500		5,319,133
4.50%, 09/10/48 (Call 03/10/48)		1,978		1,734,348
4.75%, 02/21/26 (Call 01/21/26)		6,450		6,434,978
4.95%, 09/09/52 (Call 03/09/52)		175		167,499
4.95%, 05/15/53 (Call 11/15/52)		2,575		2,463,052
5.15%, 01/20/63 (Call 07/20/62)		1,313		1,256,613
6.63%, 02/01/29		2,025		2,188,466
United Parcel Service Inc.
2.40%, 11/15/26 (Call 08/15/26)		2,537		2,388,046
2.50%, 09/01/29 (Call 06/01/29)		2,665		2,377,098
3.05%, 11/15/27 (Call 08/15/27)		6,221		5,846,821
3.40%, 03/15/29 (Call 12/15/28)		4,281		4,039,875
3.40%, 11/15/46 (Call 05/15/46)		1,181		902,155
3.40%, 09/01/49 (Call 03/01/49)(b)		3,016		2,252,737
3.63%, 10/01/42		1,840		1,488,730
3.75%, 11/15/47 (Call 05/15/47)		3,687		2,916,347
3.90%, 04/01/25 (Call 03/01/25)		6,218		6,133,746
4.25%, 03/15/49 (Call 09/15/48)		3,768		3,238,445
4.45%, 04/01/30 (Call 01/01/30)		1,882		1,849,687
4.88%, 03/03/33 (Call 12/03/32)		3,145		3,121,479
4.88%, 11/15/40 (Call 05/15/40)		2,783		2,667,247
5.05%, 03/03/53 (Call 09/03/52)(b)		4,165		4,036,901
5.20%, 04/01/40 (Call 10/01/39)		1,824		1,812,626
5.30%, 04/01/50 (Call 10/01/49)		5,407		5,421,720
6.20%, 01/15/38		6,537		7,148,651
Walmart Inc.
1.05%, 09/17/26 (Call 08/17/26)		6,600		6,031,016
1.50%, 09/22/28 (Call 07/22/28)		4,858		4,265,036
1.80%, 09/22/31 (Call 06/22/31)		8,017		6,570,501
3.95%, 09/09/27 (Call 08/09/27)		3,185		3,120,409
				567,966,715
Trucking & Leasing — 0.0%
GATX Corp.
1.90%, 06/01/31 (Call 03/01/31)		2,071		1,629,374
3.10%, 06/01/51 (Call 12/01/50)		1,775		1,140,761
3.25%, 03/30/25 (Call 12/30/24)		1,175		1,145,609
3.25%, 09/15/26 (Call 06/15/26)		2,636		2,512,077
3.50%, 03/15/28 (Call 12/15/27)		1,997		1,872,847
3.50%, 06/01/32 (Call 03/01/32)		1,453		1,256,400
3.85%, 03/30/27 (Call 12/30/26)		2,092		2,006,850
4.00%, 06/30/30 (Call 03/30/30)		2,010		1,864,480
4.55%, 11/07/28 (Call 08/07/28)(b)		2,133		2,082,742
4.70%, 04/01/29 (Call 01/01/29)		1,747		1,707,904
4.90%, 03/15/33 (Call 12/15/32)		1,795		1,714,268
5.20%, 03/15/44 (Call 09/15/43)		1,647		1,503,221
5.40%, 03/15/27 (Call 02/15/27)		345		345,646
5.45%, 09/15/33 (Call 06/15/33)		2,450		2,439,931
6.05%, 03/15/34 (Call 12/15/33)		1,977		2,023,867
6.90%, 05/01/34 (Call 02/01/34)		1,485		1,615,012
				26,860,989

90 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Venture Capital — 0.0%
Hercules Capital Inc.
2.63%, 09/16/26 (Call 08/16/26)	$	1,494	$	1,345,563
3.38%, 01/20/27 (Call 12/20/26)		1,582		1,434,607
				2,780,170
Water — 0.1%
American Water Capital Corp.
2.30%, 06/01/31 (Call 03/01/31)		2,685		2,222,198
2.80%, 05/01/30 (Call 02/01/30)		3,249		2,843,729
2.95%, 09/01/27 (Call 06/01/27)		2,530		2,358,906
3.25%, 06/01/51 (Call 12/01/50)		3,043		2,141,545
3.40%, 03/01/25 (Call 12/01/24)		5,590		5,480,627
3.45%, 06/01/29 (Call 03/01/29)		3,926		3,649,687
3.45%, 05/01/50 (Call 11/01/49)		2,979		2,178,773
3.75%, 09/01/28 (Call 06/01/28)		2,417		2,292,904
3.75%, 09/01/47 (Call 03/01/47)		3,922		3,043,916
4.00%, 12/01/46 (Call 06/01/46)		1,925		1,557,419
4.15%, 06/01/49 (Call 12/01/48)		3,176		2,625,157
4.20%, 09/01/48 (Call 03/01/48)		1,827		1,534,295
4.30%, 12/01/42 (Call 06/01/42)		1,129		985,805
4.30%, 09/01/45 (Call 03/01/45)		2,181		1,860,748
4.45%, 06/01/32 (Call 03/01/32)(b)		3,015		2,882,804
5.15%, 03/01/34 (Call 12/01/33)		1,925		1,909,005
5.45%, 03/01/54 (Call 09/01/53)		1,925		1,895,370
6.59%, 10/15/37		1,180		1,324,966
Essential Utilities Inc.
2.40%, 05/01/31 (Call 02/01/31)		2,824		2,317,921
2.70%, 04/15/30 (Call 01/15/30)		2,611		2,247,043
3.35%, 04/15/50 (Call 10/15/49)		2,834		1,959,274
3.57%, 05/01/29 (Call 02/01/29)		1,517		1,406,319
4.28%, 05/01/49 (Call 11/01/48)		3,085		2,485,295
5.30%, 05/01/52 (Call 11/01/51)		2,610		2,423,815
5.38%, 01/15/34 (Call 10/15/33)		1,075		1,056,148
United Utilities PLC, 6.88%, 08/15/28		1,071		1,134,523
				57,818,192
Total Corporate Bonds & Notes — 25.7% (Cost: $28,841,211,080)				26,130,181,973
Foreign Government Obligations(g)
Canada — 0.1%
Canada Government International Bond
0.75%, 05/19/26		4,235		3,893,093
2.88%, 04/28/25		4,755		4,641,415
3.75%, 04/26/28		530		516,740
Export Development Canada
3.00%, 05/25/27		755		721,078
3.38%, 08/26/25		255		249,544
3.88%, 02/14/28		655		641,335
4.38%, 06/29/26		120		119,284
Hydro-Quebec
Series HH, 8.50%, 12/01/29		1,000		1,166,846
Series HK, 9.38%, 04/15/30		1,405		1,726,274
Province of Alberta Canada
1.00%, 05/20/25		3,849		3,664,798
1.30%, 07/22/30		6,117		5,018,431
3.30%, 03/15/28		7,480		7,123,608
4.50%, 01/24/34		120		118,060
Province of British Columbia Canada
0.90%, 07/20/26		1,585		1,450,272
1.30%, 01/29/31(b)		4,155		3,368,525

Security	Par (000)		Value
Canada (continued)
2.25%, 06/02/26	$	7,305	$	6,922,336
4.20%, 07/06/33		375		362,378
4.80%, 11/15/28		140		141,627
6.50%, 01/15/26(b)		358		367,763
7.25%, 09/01/36		388		473,777
Province of Manitoba Canada
1.50%, 10/25/28		310		270,733
2.13%, 06/22/26		315		297,060
4.30%, 07/27/33		45		43,624
Province of New Brunswick Canada, 3.63%, 02/24/28		2,046		1,961,802
Province of Ontario Canada
0.63%, 01/21/26		5,027		4,649,627
1.05%, 04/14/26		1,300		1,203,452
1.05%, 05/21/27		1,275		1,139,342
1.13%, 10/07/30		8,267		6,665,297
1.60%, 02/25/31		6,735		5,553,994
1.80%, 10/14/31		4,705		3,877,404
2.00%, 10/02/29		6,015		5,265,588
2.13%, 01/21/32(b)		1,025		861,206
2.30%, 06/15/26(b)		8,525		8,076,278
2.50%, 04/27/26		14,389		13,728,334
3.10%, 05/19/27		6,445		6,154,141
4.20%, 01/18/29		100		98,538
Province of Quebec Canada
0.60%, 07/23/25		3,986		3,752,565
1.35%, 05/28/30		5,763		4,768,861
1.90%, 04/21/31		1,935		1,621,894
2.50%, 04/20/26		7,066		6,745,487
2.75%, 04/12/27(b)		5,832		5,518,272
3.63%, 04/13/28		7,865		7,586,007
4.50%, 09/08/33		155		153,009
Series PD, 7.50%, 09/15/29		5,122		5,846,204
Province of Saskatchewan Canada, 3.25%, 06/08/27		30		28,724
				138,554,627
Chile — 0.1%
Chile Government International Bond
2.45%, 01/31/31 (Call 10/31/30)		9,027		7,675,123
2.55%, 01/27/32 (Call 10/27/31)(b)		8,526		7,171,256
2.55%, 07/27/33 (Call 04/27/33)		10,288		8,318,520
2.75%, 01/31/27 (Call 12/31/26)		3,309		3,095,841
3.10%, 05/07/41 (Call 11/07/40)		10,001		7,334,880
3.10%, 01/22/61 (Call 07/22/60)(b)		7,985		4,997,509
3.13%, 01/21/26		4,410		4,256,154
3.24%, 02/06/28 (Call 11/06/27)		8,920		8,349,670
3.25%, 09/21/71 (Call 03/21/71)		4,318		2,708,512
3.50%, 01/31/34 (Call 10/31/33)(b)		6,578		5,721,765
3.50%, 01/25/50 (Call 07/25/49)		10,475		7,590,576
3.63%, 10/30/42		430		334,087
3.86%, 06/21/47(b)		4,158		3,259,722
4.00%, 01/31/52 (Call 07/31/51)(b)		3,508		2,753,308
4.34%, 03/07/42 (Call 09/07/41)		4,811		4,165,520
4.85%, 01/22/29 (Call 12/22/28)		6,420		6,365,002
4.95%, 01/05/36 (Call 10/05/35)		6,589		6,368,059
5.33%, 01/05/54 (Call 07/05/53)		3,037		2,904,064
				93,369,568
Finland — 0.0%
Finland Government International Bond, 6.95%, 02/15/26		472		488,057

S C H E D U L E O F I N V E S T M E N T S 91

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hong Kong — 0.0%
Hong Kong Government International Bond,
1.75%, 11/24/31(f)	$	4,500	$	3,730,028
Hungary — 0.0%
Hungary Government International Bond,
7.63%, 03/29/41		5,102		5,844,821
Indonesia — 0.1%
Indonesia Government International Bond
1.85%, 03/12/31		1,055		854,625
2.15%, 07/28/31 (Call 04/28/31)		8,440		6,905,076
2.85%, 02/14/30		6,811		6,038,018
3.05%, 03/12/51		3,215		2,241,426
3.20%, 09/23/61 (Call 03/23/61)		1,785		1,161,244
3.35%, 03/12/71		3,320		2,172,522
3.40%, 09/18/29		3,110		2,866,385
3.50%, 01/11/28		4,127		3,911,055
3.50%, 02/14/50(b)		3,656		2,692,926
3.55%, 03/31/32 (Call 12/31/31)		2,225		1,993,422
3.70%, 10/30/49(b)		4,531		3,477,235
3.85%, 10/15/30		8,841		8,219,086
4.10%, 04/24/28		5,475		5,291,356
4.15%, 09/20/27 (Call 06/20/27)		5,270		5,119,186
4.20%, 10/15/50(b)		6,975		5,796,007
4.30%, 03/31/52 (Call 09/30/51)		3,575		3,015,966
4.35%, 01/11/48		7,185		6,197,316
4.40%, 03/10/29 (Call 02/10/29)		720		700,067
4.45%, 04/15/70		4,205		3,491,127
4.55%, 01/11/28 (Call 12/11/27)		1,845		1,815,252
4.65%, 09/20/32 (Call 06/20/32)		6,095		5,886,999
4.70%, 02/10/34 (Call 11/10/33)(b)		1,000		974,569
4.75%, 02/11/29		4,493		4,443,165
4.85%, 01/11/33 (Call 10/11/32)		3,505		3,439,090
5.10%, 02/10/54 (Call 08/10/53)		240		230,575
5.35%, 02/11/49		4,430		4,416,354
5.45%, 09/20/52 (Call 03/20/52)		2,615		2,600,421
5.65%, 01/11/53 (Call 07/11/52)		3,375		3,484,889
				99,435,359
Israel — 0.1%
Israel Government International Bond
2.75%, 07/03/30		11,865		10,158,162
2.88%, 03/16/26		3,905		3,705,243
3.25%, 01/17/28		4,025		3,721,263
3.88%, 07/03/50		8,660		6,370,098
4.13%, 01/17/48		2,630		2,051,818
4.50%, 01/17/33		7,440		6,916,990
4.50%, 01/30/43		5,963		5,137,691
4.50%,		3,513		2,576,377
State of Israel
2.50%, 01/15/30		3,175		2,711,599
3.38%, 01/15/50		6,573		4,408,455
				47,757,696
Italy — 0.0%
Republic of Italy Government International Bond
1.25%, 02/17/26		12,760		11,791,663
2.88%, 10/17/29		8,230		7,250,550
3.88%, 05/06/51		9,395		6,502,111
4.00%, 10/17/49		7,975		5,690,218
5.38%, 06/15/33		7,637		7,495,094
				38,729,636

Security	Par (000)		Value
Japan — 0.1%
Japan Bank for International Cooperation
0.63%, 07/15/25	$	2,823	$	2,654,813
1.25%, 01/21/31		6,315		5,056,722
1.63%, 01/20/27		100		91,614
1.88%, 07/21/26		5,690		5,310,871
1.88%, 04/15/31		18,198		15,103,516
2.00%, 10/17/29		4,457		3,871,724
2.13%, 02/16/29(b)		5,155		4,573,314
2.25%, 11/04/26		6,625		6,204,367
2.38%, 04/20/26		5,730		5,437,660
2.50%, 05/28/25		2,991		2,893,783
2.75%, 01/21/26(b)		4,200		4,033,248
2.75%, 11/16/27		5,765		5,379,522
2.88%, 04/14/25		580		565,099
2.88%, 06/01/27		5,793		5,471,852
2.88%, 07/21/27		4,887		4,607,860
3.25%, 07/20/28		2,100		1,982,961
3.50%, 10/31/28(b)		3,840		3,648,026
4.25%, 01/26/26		430		424,354
4.38%, 10/05/27		400		395,877
4.38%, 01/24/31		100		98,655
4.63%, 07/19/28		190		189,576
4.88%, 10/18/28		100		100,955
Japan International Cooperation Agency
1.00%, 07/22/30(b)		2,701		2,145,759
2.13%, 10/20/26		1,044		973,859
2.75%, 04/27/27(b)		885		831,252
3.25%, 05/25/27		2,825		2,689,010
3.38%, 06/12/28		1,265		1,196,846
4.00%, 05/23/28		100		97,006
				86,030,101
Mexico — 0.3%
Mexico Government International Bond
2.66%, 05/24/31 (Call 02/24/31)		7,672		6,352,319
3.25%, 04/16/30 (Call 01/16/30)		10,630		9,402,587
3.50%, 02/12/34 (Call 11/12/33)		11,963		9,887,365
3.75%, 01/11/28		8,835		8,360,747
3.77%, 05/24/61 (Call 11/24/60)		10,841		6,968,195
3.90%, 04/27/25 (Call 03/27/25)		1,945		1,913,708
4.13%, 01/21/26		12,826		12,581,500
4.15%, 03/28/27		10,525		10,261,929
4.28%, 08/14/41 (Call 02/14/41)		12,316		9,782,868
4.35%, 01/15/47(b)		3,512		2,707,071
4.40%, 02/12/52 (Call 08/12/51)		3,997		3,016,397
4.50%, 04/22/29		11,905		11,449,515
4.50%, 01/31/50 (Call 07/31/49)(b)		8,061		6,271,269
4.60%, 01/23/46		11,404		9,098,506
4.60%, 02/10/48		7,646		6,043,452
4.75%, 04/27/32 (Call 01/27/32)		14,332		13,490,180
4.75%, 03/08/44		15,947		13,166,773
4.88%, 05/19/33 (Call 02/19/33)(b)		9,968		9,384,934
5.00%, 05/07/29 (Call 04/07/29)		670		658,763
5.00%, 04/27/51 (Call 10/27/50)(b)		13,199		10,984,566
5.40%, 02/09/28 (Call 01/09/28)		3,337		3,348,891
5.55%, 01/21/45(b)		11,435		10,529,874
5.75%,		10,405		8,996,021
6.00%, 05/07/36 (Call 02/07/36)		1,890		1,884,469
6.05%, 01/11/40		11,353		11,115,898
6.34%, 05/04/53 (Call 11/04/52)		12,356		12,071,561
6.35%, 02/09/35 (Call 11/09/34)		11,425		11,705,972
6.40%, 05/07/54 (Call 11/07/53)		622		613,697

92 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mexico (continued)
6.75%, 09/27/34	$	10,537	$	11,111,632
7.50%, 04/08/33		5,327		5,978,886
8.30%, 08/15/31(b)		5,286		6,245,559
11.50%, 05/15/26(b)		773		880,645
				246,265,749
Panama — 0.1%
Panama Government International Bond
2.25%, 09/29/32 (Call 06/29/32)		13,905		9,741,344
3.16%, 01/23/30 (Call 10/23/29)		6,603		5,425,674
3.30%, 01/19/33 (Call 10/19/32)		7,730		5,834,535
3.75%, 03/16/25 (Call 12/16/24)		5,156		5,027,493
3.87%, 07/23/60 (Call 01/23/60)(b)		11,298		6,313,863
3.88%, 03/17/28 (Call 12/17/27)		5,152		4,664,739
4.30%, 04/29/53(b)		6,749		4,237,425
4.50%, 05/15/47 (Call 11/15/46)		3,826		2,554,402
4.50%, 04/16/50 (Call 10/16/49)		9,479		6,169,479
4.50%, 04/01/56 (Call 10/01/55)		9,450		5,957,836
4.50%, 01/19/63 (Call 07/19/62)		5,810		3,603,680
6.40%, 02/14/35 (Call 11/14/34)		8,310		7,673,488
6.70%, 01/26/36		10,226		9,669,428
6.85%, 03/28/54 (Call 09/28/53)		3,905		3,438,983
6.88%, 01/31/36 (Call 10/31/35)		2,237		2,115,303
7.13%, 01/29/26		4,827		4,900,497
8.88%, 09/30/27		5,521		5,950,482
9.38%, 04/01/29		4,482		4,951,729
				98,230,380
Peru — 0.1%
Peruvian Government International Bond
1.86%, 12/01/32 (Call 09/01/32)		4,785		3,621,930
2.39%, 01/23/26 (Call 12/23/25)		3,841		3,635,831
2.78%, 01/23/31 (Call 10/23/30)		14,039		11,941,955
2.78%, 12/01/60 (Call 06/01/60)(b)		7,833		4,491,769
2.84%, 06/20/30(b)		3,037		2,646,672
3.00%, 01/15/34 (Call 10/15/33)		6,790		5,520,191
3.23%, (Call 01/28/21)		4,108		2,348,237
3.30%, 03/11/41 (Call 09/11/40)		4,586		3,402,363
3.55%, 03/10/51 (Call 09/10/50)		6,158		4,419,243
3.60%, 01/15/72 (Call 07/15/71)		3,365		2,209,674
4.13%, 08/25/27(b)		3,623		3,503,133
5.63%, 11/18/50		7,800		7,719,647
6.55%, 03/14/37		4,991		5,383,206
7.35%, 07/21/25		5,514		5,650,780
8.75%, 11/21/33		9,480		11,637,392
				78,132,023
Philippines — 0.1%
Bangko Sentral ng Pilipinas International Bond, 8.60%, 06/15/27		585		638,071
Philippine Government International Bond
1.65%, 06/10/31		7,661		6,074,331
1.95%, 01/06/32		1,775		1,416,826
2.46%, 05/05/30		6,174		5,314,939
2.65%, 12/10/45		5,805		3,786,887
2.95%, 05/05/45		5,877		4,064,930
3.00%, 02/01/28		8,461		7,857,541
3.20%, 07/06/46		9,328		6,641,098
3.23%, 03/29/27		1,695		1,608,618
3.56%, 09/29/32		1,668		1,488,932
3.70%, 03/01/41		8,209		6,701,472
3.70%, 02/02/42		8,594		6,982,612
3.75%, 01/14/29		6,681		6,331,650

Security	Par (000)		Value
Philippines (continued)
3.95%, 01/20/40	$	8,000	$	6,838,689
4.20%, 03/29/47		4,205		3,507,600
4.63%, 07/17/28		1,645		1,626,667
5.00%, 07/17/33		6,795		6,802,935
5.00%, 01/13/37		5,780		5,689,060
5.17%, 10/13/27		3,034		3,055,502
5.50%, 03/30/26		5,681		5,746,858
5.50%, 01/17/48(b)		5,375		5,465,900
5.61%, 04/13/33		1,785		1,849,398
5.95%, 10/13/47		1,820		1,933,596
6.38%, 01/15/32		4,972		5,373,484
6.38%, 10/23/34		8,031		8,817,943
7.75%, 01/14/31		6,843		7,884,946
9.50%, 02/02/30		4,024		4,938,185
10.63%, 03/16/25		6,366		6,722,325
				135,160,995
Poland — 0.0%
Republic of Poland Government International Bond
3.25%, 04/06/26		8,670		8,433,076
4.88%, 10/04/33 (Call 07/04/33)		9,660		9,458,042
5.50%, 11/16/27 (Call 08/16/27)		3,636		3,722,031
5.50%, 04/04/53 (Call 10/04/52)		8,295		8,284,887
5.75%, 11/16/32 (Call 08/16/32)		5,940		6,193,151
				36,091,187
South Korea — 0.1%
Export-Import Bank of Korea
0.63%, 02/09/26		260		239,248
0.75%, 09/21/25(b)		1,245		1,164,790
1.13%, 12/29/26		1,695		1,527,257
1.25%, 09/21/30		3,085		2,466,706
1.38%, 02/09/31		1,490		1,184,687
1.63%, 01/18/27		2,165		1,976,784
2.13%, 01/18/32(b)		2,025		1,663,200
2.38%, 04/21/27		1,950		1,808,710
2.50%, 06/29/41		4,288		3,051,499
2.63%, 05/26/26		3,927		3,730,628
3.25%, 11/10/25(b)		3,290		3,191,626
3.25%, 08/12/26		1,930		1,853,943
4.25%, 09/15/27		820		802,606
4.50%, 01/11/29		410		405,806
4.50%, 09/15/32(b)		2,300		2,236,264
4.63%, 01/11/27		140		139,153
4.63%, 01/11/34		1,000		977,067
4.88%, 01/11/26		400		398,848
5.00%, 01/11/28		1,850		1,865,265
5.13%, 09/18/28		680		690,393
5.13%, 01/11/33		3,710		3,766,728
5.13%, 09/18/33		1,330		1,351,172
5.38%, 09/18/25(b)		742		745,238
Korea Development Bank (The)
0.80%, 04/27/26		880		805,142
1.38%, 04/25/27		2,670		2,398,700
4.00%, 09/08/25		1,290		1,268,262
4.25%, 09/08/32		5,880		5,617,288
4.38%, 02/15/28		1,545		1,523,229
4.38%, 02/15/33		7,248		6,963,516
5.38%, 10/23/26(b)		700		707,172
5.38%, 10/23/28		1,010		1,035,698
5.63%, 10/23/33		1,965		2,069,906

S C H E D U L E O F I N V E S T M E N T S 93

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
South Korea (continued)
Korea International Bond
1.00%, 09/16/30	$	2,740	$	2,198,620
1.75%, 10/15/31		3,025		2,492,737
2.50%, 06/19/29		3,905		3,538,207
2.75%, 01/19/27		4,664		4,419,507
3.50%, 09/20/28		1,865		1,785,597
3.88%, 09/20/48		873		742,837
4.13%, 06/10/44		876		788,534
5.63%, 11/03/25(b)		630		635,760
				76,228,330
Supranational — 0.8%
African Development Bank
0.88%, 03/23/26		6,490		6,007,388
0.88%, 07/22/26		7,113		6,513,584
3.38%, 07/07/25		994		973,668
4.38%, 11/03/27		4,490		4,474,148
4.38%, 03/14/28		4,440		4,427,424
4.63%, 01/04/27		1,120		1,122,090
Asian Development Bank
0.38%, 09/03/25		5,385		5,036,461
0.50%, 02/04/26		7,990		7,376,021
0.63%, 04/29/25		14,940		14,206,683
0.75%, 10/08/30		2,964		2,348,804
1.00%, 04/14/26		12,510		11,592,979
1.25%, 06/09/28		2,095		1,838,474
1.50%, 01/20/27		6,205		5,703,796
1.50%, 03/04/31		2,399		1,984,973
1.75%, 08/14/26		3,070		2,870,018
1.75%, 09/19/29		9,007		7,842,860
1.88%, 03/15/29		1,355		1,202,504
1.88%, 01/24/30		8,386		7,283,825
2.00%, 04/24/26(b)		7,310		6,913,800
2.13%, 03/19/25(b)		520		504,343
2.38%, 08/10/27		1,440		1,345,170
2.50%, 11/02/27		6,277		5,864,149
2.63%, 01/12/27		5,924		5,624,636
2.75%, 01/19/28		7,175		6,742,118
2.88%, 05/06/25		2,650		2,585,601
3.13%, 08/20/27		4,715		4,511,720
3.13%, 09/26/28		1,284		1,216,997
3.13%, 04/27/32		1,100		1,003,673
3.75%, 04/25/28		6,790		6,614,767
3.88%, 09/28/32(b)		2,700		2,599,484
3.88%, 06/14/33		3,400		3,262,081
4.00%, 01/12/33		12,736		12,354,086
4.13%, 01/12/27		370		366,027
4.13%, 01/12/34		120		117,321
4.25%, 01/09/26		3,697		3,665,161
4.50%, 08/25/28(b)		8,305		8,343,101
4.63%, 06/13/25		1,075		1,070,042
4.88%, 09/26/28 (Call 09/26/26)		10		9,993
5.82%, 06/16/28		5,910		6,205,045
6.22%, 08/15/27		960		1,004,000
6.38%, 10/01/28		765		815,999
Asian Infrastructure Investment Bank (The)
0.50%, 05/28/25		9,360		8,850,346
0.50%, 01/27/26		4,940		4,558,680
3.38%, 06/29/25		2,085		2,040,720
3.75%, 09/14/27		2,990		2,912,340
4.00%, 01/18/28		4,755		4,664,073
4.88%, 09/14/26(b)		1,555		1,563,789

Security	Par (000)		Value
Supranational (continued)
Corp. Andina de Fomento, 2.25%, 02/08/27	$	985	$	905,958
Council of Europe Development Bank
0.88%, 09/22/26(b)		190		173,065
3.00%, 06/16/25		755		735,843
3.63%, 01/26/28		940		912,385
3.75%, 05/25/26		4,415		4,329,605
4.13%, 01/24/29		120		118,649
European Bank for Reconstruction & Development
0.50%, 05/19/25		8,800		8,335,279
0.50%, 11/25/25		4,510		4,190,135
0.50%, 01/28/26		1,173		1,083,529
4.13%, 01/25/29		430		425,124
4.38%, 03/09/28		715		713,116
European Investment Bank
0.38%, 12/15/25		4,220		3,906,220
0.38%, 03/26/26		4,461		4,089,592
0.63%, 07/25/25		11,692		11,025,192
0.63%, 10/21/27		1,072		936,011
0.75%, 10/26/26		7,645		6,931,208
0.75%, 09/23/30		1,335		1,064,281
0.88%, 05/17/30		4,605		3,736,670
1.25%, 02/14/31		11,589		9,472,501
1.38%, 03/15/27(b)		17,140		15,644,605
1.63%, 03/14/25		18,658		18,019,575
1.63%, 10/09/29		4,390		3,799,074
1.63%, 05/13/31		455		379,852
1.75%, 03/15/29		7,655		6,761,293
2.13%, 04/13/26		5,755		5,466,047
2.38%, 05/24/27		3,991		3,744,016
2.75%, 08/15/25		3,440		3,338,242
3.25%, 11/15/27		2,570		2,466,219
3.63%, 07/15/30		5,940		5,697,662
3.75%, 02/14/33		12,605		12,043,539
3.88%, 03/15/28		3,368		3,301,274
4.00%, 02/15/29		610		600,132
4.50%, 10/16/28		955		960,287
4.88%, 02/15/36		7,346		7,616,573
Inter-American Development Bank
0.63%, 07/15/25		2,795		2,636,514
0.63%, 09/16/27		2,110		1,847,164
0.88%, 04/03/25		10,430		9,969,521
0.88%, 04/20/26		16,285		15,046,994
1.13%, 07/20/28(b)		10,230		8,906,557
1.13%, 01/13/31		11,750		9,493,969
1.50%, 01/13/27		780		717,423
1.75%, 03/14/25		14,224		13,745,905
2.00%, 06/02/26		7,478		7,055,663
2.00%, 07/23/26		4,838		4,553,716
2.25%, 06/18/29		9,364		8,422,354
2.38%, 07/07/27		6,504		6,081,348
3.13%, 09/18/28		9,145		8,666,297
3.20%, 08/07/42		4,415		3,560,376
3.50%, 09/14/29		1,785		1,706,432
3.50%, 04/12/33		6,605		6,146,832
3.88%, 10/28/41		6,110		5,439,785
4.00%, 01/12/28		3,821		3,758,574
4.13%, 02/15/29		80		79,138
4.38%, 02/01/27(b)		1,190		1,185,505
4.38%, 01/24/44		3,235		3,072,968
4.50%, 05/15/26(b)		3,415		3,404,449

94 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Supranational (continued)
4.50%, 09/13/33	$	3,905	$	3,927,464
7.00%, 06/15/25		10		10,215
Inter-American Investment Corp.
4.13%, 02/15/28		805		790,779
4.75%, 09/19/28		723		728,754
International Bank for Reconstruction & Development
0.38%, 07/28/25		17,670		16,592,230
0.50%, 10/28/25		24,141		22,498,854
0.60%, 02/18/26		20		18,331
0.63%, 04/22/25		31,115		29,617,192
0.65%, 02/10/26 (Call 05/10/24)		159		146,184
0.75%, 03/11/25		13,832		13,239,958
0.75%, 11/24/27		10,750		9,395,648
0.75%, 08/26/30		6,958		5,531,849
0.85%, 02/10/27 (Call 05/10/24)		90		79,674
0.88%, 07/15/26		9,985		9,160,204
0.88%, 05/14/30		12,570		10,166,904
1.13%, 09/13/28		20,897		18,117,357
1.25%, 02/10/31(b)		15,205		12,362,937
1.38%, 04/20/28		19,550		17,308,978
1.63%, 11/03/31(b)		22,204		18,255,744
1.75%, 10/23/29		12,357		10,734,187
1.88%, 10/27/26		5,890		5,500,248
2.13%, 03/03/25		6,489		6,302,971
2.50%, 07/29/25		18,384		17,785,612
2.50%, 11/22/27		15,615		14,580,230
2.50%, 03/29/32		3,041		2,655,615
3.13%, 11/20/25		3,496		3,399,576
3.13%, 06/15/27		10,990		10,543,701
3.50%, 07/12/28		14,970		14,440,006
3.63%, 09/21/29		6,030		5,807,067
3.88%, 02/14/30(b)		12,165		11,833,509
4.00%, 07/25/30		5,335		5,215,293
4.00%, 01/10/31		1,220		1,190,451
4.63%, 08/01/28		3,160		3,190,103
4.75%, 11/14/33(b)		2,682		2,754,944
4.75%, 02/15/35(b)		1,062		1,076,549
5.67%, 02/01/34		320		318,590
International Finance Corp.
0.38%, 07/16/25		1,207		1,134,918
0.75%, 10/08/26(b)		3,455		3,137,179
0.75%, 08/27/30		960		764,830
2.13%, 04/07/26		668		634,542
3.63%, 09/15/25		1,075		1,055,077
4.38%, 01/15/27(b)		1,335		1,330,717
4.50%, 07/13/28		995		999,349
Nordic Investment Bank
0.38%, 09/11/25		3,075		2,874,558
0.50%, 01/21/26		1,020		942,945
2.63%, 04/04/25		1,282		1,248,722
3.38%, 09/08/27		915		882,177
4.38%, 03/14/28		765		762,827
5.00%, 10/15/25		1,390		1,393,553
				800,994,501
Sweden — 0.0%
Svensk Exportkredit AB
0.50%, 08/26/25		5,475		5,121,525
0.63%, 05/14/25		6,690		6,342,117
2.25%, 03/22/27		3,143		2,928,622
4.00%, 07/15/25		470		463,205

Security	Par (000)		Value
Sweden (continued)
4.13%, 06/14/28	$	2,125	$	2,088,741
4.25%, 02/01/29		450		445,525
4.38%, 02/13/26		610		604,361
4.63%, 11/28/25		3,710		3,688,664
4.88%, 09/14/26		405		406,587
4.88%, 10/04/30		2,865		2,908,009
				24,997,356
Uruguay — 0.1%
Uruguay Government International Bond
4.13%, 11/20/45		3,477		3,028,395
4.38%, 10/27/27		13,885		13,724,737
4.38%, 01/23/31 (Call 10/23/30)		14,386		14,007,312
4.98%, 04/20/55		9,826		9,149,642
5.10%, 06/18/50		13,127		12,604,487
5.75%, 10/28/34 (Call 07/28/34)		5,005		5,262,133
7.63%, 03/21/36		5,531		6,643,549
				64,420,255
Total Foreign Government Obligations — 2.1% (Cost: $2,294,113,189)				2,074,460,669
Municipal Debt Obligations
Alabama — 0.0%
Alabama Federal Aid Highway Finance Authority RB, 2.65%, 09/01/37 (Call 09/01/31)		1,150		913,155
Arizona — 0.0%
Salt River Project Agricultural Improvement & Power District RB BAB, 4.84%, 01/01/41		1,875		1,796,087
California — 0.2%
Bay Area Toll Authority RB, 3.13%, 04/01/55 (Call 04/01/31)		470		319,646
Bay Area Toll Authority RB BAB
Series F-2, 6.26%, 04/01/49		4,735		5,382,092
Series S-1, 7.04%, 04/01/50		4,300		5,287,065
Series S-3, 6.91%, 10/01/50		3,205		3,896,337
California Earthquake Authority, 5.60%, 07/01/27		1,255		1,267,388
California Health Facilities Financing Authority
4.19%, 06/01/37 (Call 06/01/32)		325		300,637
4.35%, 06/01/41 (Call 06/01/32)(b)		1,905		1,744,938
California State University RB
Class B, 2.72%, 11/01/52		910		608,596
2.94%, 11/01/52 (Call 11/01/31)		1,000		682,053
Class B, 2.98%, 11/01/51 (Call 05/01/51)		3,315		2,331,137
5.18%, 11/01/53 (Call 11/01/33)(b)		2,535		2,514,064
Series E, 2.90%, 11/01/51 (Call 11/01/30)		1,895		1,358,706
City of Los Angeles Department of Airports Customer Facility Charge Revenue RB, 4.24%, 05/15/48 (Call 05/15/32) (AGM)(b)		455		386,636
City of San Francisco California Public Utilities Commission Water Revenue RB BAB, Series B, 6.00%, 11/01/40		2,500		2,659,240
East Bay Municipal Utility District Water System Revenue RB BAB, Series B, 5.87%, 06/01/40		4,480		4,758,860

S C H E D U L E O F I N V E S T M E N T S 95

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
California (continued)
Foothill-Eastern Transportation Corridor Agency RB
3.92%, 01/15/53 (Call 01/15/30)	$	1,025	$	824,434
Series A, 4.09%, 01/15/49 (Call 01/15/30)		2,040		1,705,924
Golden State Tobacco Securitization Corp. RB
Class B, 2.75%, 06/01/34 (Call 06/01/31)		1,270		1,053,578
Class B, 3.00%, 06/01/46		680		625,052
3.12%, 06/01/38 (Call 06/01/31) (SAP)		1,000		792,736
Class B, 3.29%, 06/01/42 (Call 06/01/31)		2,790		2,112,064
3.49%, 06/01/36 (Call 12/01/31)		230		186,048
3.71%, 06/01/41 (Call 12/01/31)		830		634,959
3.85%, 06/01/50 (Call 12/01/31)		1,175		1,097,105
4.21%, 06/01/50 (Call 12/01/31)		1,535		1,164,428
Los Angeles Community College District/CA GO
1.81%, 08/01/30		5,000		4,270,526
2.11%, 08/01/32 (Call 08/01/30)(b)		3,000		2,487,317
Los Angeles Community College District/CA
GO BAB, 6.75%, 08/01/49		1,100		1,327,725
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue RB BAB, Series A, 5.74%, 06/01/39		2,315		2,400,386
Los Angeles County Public Works Financing Authority RB BAB, 7.62%, 08/01/40		1,150		1,392,610
Los Angeles Department of Water & Power
RB BAB
Series A, 5.72%, 07/01/39		2,100		2,177,539
Series A, 6.60%, 07/01/50		385		446,701
Series D, 6.57%, 07/01/45		2,970		3,401,407
Los Angeles Unified School District/CA
GO BAB
5.75%, 07/01/34(b)		4,760		4,921,028
5.76%, 07/01/29		2,170		2,224,223
Series RY, 6.76%, 07/01/34		5,025		5,508,649
Regents of the University of California Medical Center Pooled Revenue RB
3.01%, 05/15/50 (Call 11/15/49)		1,400		961,625
Class A, 3.71%, 05/15/20 (Call 11/15/19)		2,600		1,779,875
4.13%, 05/15/32 (Call 02/15/32)		1,550		1,471,388
4.56%, 05/15/53		895		815,254
Series N, Class A, 3.26%, 05/15/60 (Call 11/15/59)(b)		1,835		1,248,639
Regents of the University of California Medical Center Pooled Revenue RB BAB
Series H, Class H, 6.55%, 05/15/48		2,575		2,963,889
Series F, 6.58%, 05/15/49		3,015		3,433,908
San Diego County Regional Transportation Commission RB BAB, 5.91%, 04/01/48		1,905		2,042,573
San Diego County Water Authority RB BAB, Series B, 6.14%, 05/01/49		2,350		2,587,129
San Joaquin Hills Transportation Corridor Agency RB, 3.49%, 01/15/50 (Call 01/15/32)		1,600		1,197,389
State of California GO
1.70%, 02/01/28		140		125,374
2.50%, 10/01/29		6,000		5,365,187
3.38%, 04/01/25		3,000		2,946,423
3.50%, 04/01/28		910		871,557
4.50%, 04/01/33 (Call 04/01/28)(b)		2,750		2,682,945
4.60%, 04/01/38 (Call 04/01/28)		2,170		2,065,272
5.13%, 03/01/38 (Call 03/01/33)(b)		1,000		976,524

Security	Par (000)		Value
California (continued)
5.20%, 03/01/43 (Call 03/01/33)(b)	$	1,790	$	1,741,330
5.75%, 10/01/31		1,400		1,483,558
Series A, 3.05%, 04/01/29		1,110		1,032,089
State of California GO BAB
7.30%, 10/01/39		5,220		6,102,271
7.35%, 11/01/39		3,130		3,680,917
7.50%, 04/01/34(b)		8,325		9,797,390
7.55%, 04/01/39(b)		12,470		15,151,744
7.60%, 11/01/40		7,575		9,371,309
7.63%, 03/01/40		4,350		5,292,720
University of California RB
Series AD, 4.86%, 05/15/12		3,285		3,025,023
Series AQ, 4.77%, 12/31/99(b)		835		750,031
Series AX, 3.06%, 07/01/25 (Call 04/01/25)		2,925		2,849,464
Series BD, 3.35%, 07/01/29(b)		4,730		4,452,192
Series BG, 0.88%, 05/15/25 (Call 04/15/25)		950		904,191
Series BG, 1.32%, 05/15/27 (Call 03/15/27)		775		696,884
Series BG, 1.61%, 05/15/30 (Call 02/15/30)		2,990		2,497,545
Series BG, 3.07%, 05/15/51 (Call 05/15/31)		3,110		2,080,048
University of California RB BAB, 5.95%, 05/15/45		3,255		3,423,449
				182,118,940
Colorado — 0.0%
Regional Transportation District Sales Tax Revenue RB BAB, Series B, 5.84%, 11/01/50		700		764,459
Connecticut — 0.0%
State of Connecticut GO, Series A, 5.85%, 03/15/32(b)		4,015		4,181,928
District of Columbia — 0.0%
District of Columbia Income Tax Revenue RB BAB, Series E, 5.59%, 12/01/34		700		723,073
District of Columbia Water & Sewer Authority RB
3.21%, 10/01/48 (Call 10/01/29)		1,000		742,891
4.81%, 10/01/14		1,690		1,543,876
Metropolitan Washington Airports Authority Dulles Toll Road Revenue RB BAB, 7.46%, 10/01/46		1,300		1,614,860
				4,624,700
Florida — 0.0%
County of Broward FL Airport System Revenue RB, 3.48%, 10/01/43 (Call 10/01/29)		250		203,432
County of Miami-Dade FL Aviation Revenue RB, Series C, 4.28%, 10/01/41 (Call 10/01/28)		985		886,815
County of Miami-Dade FL Transit System RB, Series B, 2.60%, 07/01/42 (Call 07/01/30)		1,300		951,093
County of Miami-Dade FL Water & Sewer System Revenue RB, 3.49%, 10/01/42 (Call 10/01/29)		1,265		1,022,920
County of Miami-Dade Seaport Department RB, 6.22%, 11/01/55 (Call 11/01/33)		245		260,357
State Board of Administration Finance Corp. RB
1.26%, 07/01/25(b)		4,385		4,164,347
1.71%, 07/01/27		3,250		2,925,066
2.15%, 07/01/30(b)		4,902		4,130,859
				14,544,889

96 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Georgia — 0.0%
City of Atlanta GA Water & Wastewater Revenue RB, 2.26%, 11/01/35 (Call 11/01/30)	$	1,330	$	1,059,467
Municipal Electric Authority of Georgia RB BAB
Project J, Series 2010-A, 6.64%, 04/01/57		3,789		4,252,761
Project M, Series 2010-A, 6.66%, 04/01/57		3,316		3,684,902
Project P, Series 2010-A, 7.06%, 04/01/57		313		339,500
				9,336,630
Idaho — 0.0%
Idaho Energy Resources Authority RB, 2.86%, 09/01/46(b)		580		401,180
Illinois — 0.1%
Chicago O’Hare International Airport RB
Series C, 4.47%, 01/01/49		1,050		964,120
Series C, 4.57%, 01/01/54(b)		2,450		2,264,399
Chicago O’Hare International Airport RB BAB,
Series B, 6.40%, 01/01/40		500		550,034
Chicago Transit Authority Sales & Transfer Tax
Receipts Revenue RB
Series A, 6.90%, 12/01/40		4,298		4,778,565
Series B, 6.90%, 12/01/40(b)		3,639		4,046,669
Illinois State Toll Highway Authority RB BAB,
Series A, 6.18%, 01/01/34		1,820		1,961,025
Sales Tax Securitization Corp. RB
3.24%, 01/01/42		5,125		4,077,177
3.82%, 01/01/48		135		108,339
State of Illinois GO, 5.10%, 06/01/33(b)		30,923		30,461,514
State of Illinois GO BAB, Series 5, 7.35%, 07/01/35		3,343		3,607,394
				52,819,236
Indiana — 0.0%
Indiana Finance Authority RB, 3.05%, 01/01/51(b)		645		474,376
Kansas — 0.0%
Kansas Development Finance Authority RB, 2.77%, 05/01/51		605		419,726
State of Kansas Department of Transportation RB BAB, 4.60%, 09/01/35		500		485,723
				905,449
Louisiana — 0.0%
Louisiana Local Government Environmental Facilities & Community Development Auth
5.05%, 12/01/34		1,705		1,715,227
5.08%, 06/01/31		1,533		1,532,864
5.20%, 12/01/39		3,975		4,041,321
Louisiana Local Government Environmental Facilities & Community Development Authority RB
3.62%, 02/01/29		1,192		1,161,047
4.15%, 02/01/33		2,280		2,203,783
4.28%, 02/01/36		1,560		1,479,972
4.48%, 08/01/39		1,710		1,616,566
State of Louisiana Gasoline & Fuels Tax Revenue RB, 2.95%, 05/01/41		1,185		892,354
				14,643,134

Security	Par (000)		Value
Maryland — 0.0%
Maryland Health & Higher Educational Facilities Authority, Class D, 3.05%, 07/01/40 (Call 01/01/40)	$	2,500	$	1,864,564
Maryland State Transportation Authority RB BAB, 5.89%, 07/01/43		1,500		1,556,814
				3,421,378
Massachusetts — 0.0%
Commonwealth of Massachusetts GOL, 2.90%, 09/01/49		2,675		1,873,938
Commonwealth of Massachusetts GOL BAB 4.91%, 05/01/29		1,950		1,963,318
Series E, 5.46%, 12/01/39		3,700		3,836,769
Commonwealth of Massachusetts RB, 3.77%, 07/15/29		2,900		2,805,188
Commonwealth of Massachusetts Transportation Fund Revenue RB BAB, Series A, 5.73%, 06/01/40		1,435		1,489,625
Massachusetts School Building Authority RB 3.40%, 10/15/40 (Call 10/15/29)		1,755		1,471,179
Series B, 1.75%, 08/15/30		2,250		1,915,849
Massachusetts School Building Authority RB BAB, Series B, 5.72%, 08/15/39		1,060		1,109,836
Massachusetts Water Resources Authority RB, 2.82%, 08/01/41 (Call 08/01/31)		925		714,527
				17,180,229
Michigan — 0.0%
Michigan Finance Authority RB
3.08%, 12/01/34		2,110		1,819,336
3.38%, 12/01/40		845		688,889
Michigan State Building Authority RB, 2.71%, 10/15/40 (Call 10/15/30)		1,250		932,735
Michigan State University RB, 4.17%, 08/15/22 (Call 02/15/22)		2,675		2,085,360
Michigan Strategic Fund RB, 3.23%, 09/01/47 (Call 09/01/31)		460		344,827
University of Michigan RB
3.50%, 04/01/52 (Call 10/01/51)		614		465,064
3.50%, 04/01/52 (Call 10/01/51)(b)		475		359,129
3.60%, 04/01/47		1,800		1,519,417
4.45%, 12/31/99 (Call 10/01/21)		4,080		3,481,776
Series B, 2.44%, 04/01/40 (Call 10/01/39)		2,862		2,064,170
				13,760,703
Minnesota — 0.0%
University of Minnesota RB, 4.05%, 04/01/52 (Call 10/01/51)		1,924		1,675,847
Mississippi — 0.0%
State of Mississippi GO BAB, Series F, 5.25%, 11/01/34		1,000		1,026,739
Missouri — 0.0%
Health & Educational Facilities Authority of the State of Missouri RB, Series A, 3.65%, 08/15/57 (Call 02/15/57)		4,730		3,603,628
Nebraska — 0.0%
University of Nebraska Facilities Corp. (The) RB, Series A, Class A, 3.04%, 10/01/49		2,000		1,464,863
Nevada — 0.0%
County of Clark Department of Aviation RB BAB, Series C, 6.82%, 07/01/45		850		993,007

S C H E D U L E O F I N V E S T M E N T S 97

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
New Jersey — 0.0%
New Jersey Economic Development Authority RB, Series A, 7.43%, 02/15/29 (NPFGC)	$	5,874	$	6,288,860
New Jersey State Turnpike Authority RB BAB, Series F, 7.41%, 01/01/40(b)		6,979		8,507,768
New Jersey Transportation Trust Fund Authority RB BAB
Series B, 6.56%, 12/15/40		2,650		2,891,781
Series C, 5.75%, 12/15/28		3,100		3,132,302
New Jersey Turnpike Authority RB BAB,
Series A, 7.10%, 01/01/41		4,730		5,528,695
Rutgers The State University of New Jersey RB
3.27%, 05/01/43		1,000		778,519
Series P, 3.92%, 05/01/19 (Call 11/01/18)(b)		1,475		1,046,425
Rutgers The State University of New Jersey RB BAB, Class H, 5.67%, 05/01/40		900		929,748
				29,104,098
New York — 0.1%
City of New York GO, 5.26%, 10/01/52		500		509,385
City of New York GO BAB
Series A-2, 5.21%, 10/01/31		2,000		2,005,030
Series C-1, 5.52%, 10/01/37		3,000		3,059,323
Series F1, 6.27%, 12/01/37		2,755		2,970,076
Metropolitan Transportation Authority RB,
Series C2, 5.18%, 11/15/49		3,880		3,625,473
Metropolitan Transportation Authority RB BAB
7.34%, 11/15/39		3,265		3,933,397
Series 2010-A, 6.67%, 11/15/39		50		54,544
Series A, 5.87%, 11/15/39		160		163,285
Series B, 6.65%, 11/15/39		220		238,968
Series E, 6.81%, 11/15/40		1,830		2,024,515
New York City Municipal Water Finance Authority RB, 5.88%, 06/15/44		3,200		3,413,919
New York City Municipal Water Finance Authority RB BAB
5.44%, 06/15/43(b)		1,385		1,408,863
5.72%, 06/15/42(b)		3,145		3,252,301
6.01%, 06/15/42(b)		1,860		2,000,621
New York City Transitional Finance Authority Future Tax Secured Revenue RB BAB
5.51%, 08/01/37		2,235		2,281,148
5.57%, 11/01/38		2,100		2,155,069
Series C-2, 5.77%, 08/01/36		1,815		1,874,343
New York State Dormitory Authority RB BAB
Series D, 5.60%, 03/15/40		2,325		2,449,967
Series F, 5.63%, 03/15/39		2,725		2,824,617
New York State Urban Development Corp. RB,
Series B, 3.90%, 03/15/33
(Call 09/15/28)(b)		290		273,202
New York State Urban Development Corp. RB
BAB, 5.77%, 03/15/39		6,015		6,084,528
Port Authority of New York & New Jersey RB
3.14%, 02/15/51 (Call 08/15/31)		1,145		823,707
3.29%, 08/01/69(b)		1,300		871,484
4.03%, 09/01/48		1,440		1,182,422
5.07%, 07/15/53(b)		2,820		2,828,757
Series 164, 5.65%, 11/01/40(b)		2,255		2,372,513
Series 165, 5.65%, 11/01/40(b)		1,795		1,900,895
Series 168, 4.93%, 10/01/51		2,650		2,576,516
Series 174, 4.46%, 10/01/62(b)		6,585		5,870,201
Series 181, 4.96%, 08/01/46(b)		2,000		1,912,531

Security	Par (000)		Value
New York (continued)
Series 182, 5.31%, 08/01/46 (Call 08/01/24)	$	1,000	$	988,008
Series 192, 4.81%, 10/15/65(b)		4,235		3,995,543
Series 225, 3.18%, 07/15/60 (Call 07/15/31)		675		456,220
				72,381,371
North Carolina — 0.0%
Charlotte-Mecklenburg Hospital Authority (The) RB, 3.20%, 01/15/51 (Call 01/15/50)		1,100		755,418
Ohio — 0.0%
American Municipal Power Inc. RB BAB,
Series B, 8.08%, 02/15/50		4,075		5,441,457
JobsOhio Beverage System RB
2.83%, 01/01/38		1,950		1,597,436
4.43%, 01/01/33		285		281,656
Series B, 4.53%, 01/01/35		2,400		2,357,944
Ohio State University (The) RB, Series A,
4.80%, 06/01/11(b)		350		314,902
Ohio State University (The) RB BAB, Series C,
4.91%, 06/01/40(b)		1,905		1,846,939
Ohio Turnpike & Infrastructure Commission
RB, Series A, Class A, 3.22%, 02/15/48
(Call 02/15/30)(b)		1,775		1,337,079
				13,177,413
Oklahoma — 0.0%
Oklahoma Development Finance Authority RB
4.38%, 11/01/45		715		667,356
4.62%, 06/01/44		1,655		1,574,295
4.71%, 05/01/52		520		487,928
5.09%, 02/01/52		680		673,840
				3,403,419
Oregon — 0.0%
Oregon School Boards Association GOL
Series B, 5.55%, 06/30/28 (NPFGC)		50		50,535
Series B, 5.68%, 06/30/28 (NPFGC)		1,000		1,016,551
Oregon State University RB, 3.42%, 03/01/60 (Call 03/01/30) (BAM)		1,100		807,300
State of Oregon Department of Transportation
RB BAB, Series 2010-A, 5.83%, 11/15/34		2,085		2,191,339
State of Oregon GO, 5.89%, 06/01/27(b)		8,020		8,146,857
				12,212,582
Pennsylvania — 0.0%
City of Philadelphia PA Water & Wastewater Revenue RB, 2.93%, 07/01/45 (Call 07/01/31)		1,030		764,917
Commonwealth Financing Authority RB
Class A, 2.99%, 06/01/42(b)		1,130		855,397
Series A, 4.14%, 06/01/38		50		46,294
Pennsylvania State University (The) RB
2.79%, 09/01/43		1,750		1,307,604
2.84%, 09/01/50		975		677,374
Pennsylvania Turnpike Commission RB BAB,
Series B, 5.51%, 12/01/45		1,000		1,033,017
University of Pittsburgh-of the Commonwealth System of Higher Education RB, 3.56%, 09/15/19 (Call 03/15/19)		2,000		1,338,874
				6,023,477

98 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
South Carolina — 0.0%
South Carolina Public Service Authority RB
BAB, Series C, 6.45%, 01/01/50	$	1,000	$	1,105,433
Tennessee — 0.0%
Metropolitan Government Nashville & Davidson County Health & Educational Facility Building RB, Series 2016B, 4.05%, 07/01/26 (Call 04/01/26)		1,000		973,458
Texas — 0.1%
Board of Regents of the University of Texas
System RB, Series B, 2.44%, 08/15/49 (Call 02/15/49)		765		464,164
Board of Regents of the University of Texas
System RB BAB, Series C, 4.79%, 08/15/46		2,400		2,308,640
City of San Antonio Texas Electric & Gas
Systems Revenue RB BAB
5.81%, 02/01/41		1,875		1,964,529
Series C, 5.99%, 02/01/39(b)		1,000		1,076,962
Dallas Area Rapid Transit RB, 2.61%, 12/01/48 (Call 12/01/31)		2,895		1,957,232
Dallas Area Rapid Transit RB BAB
5.02%, 12/01/48(b)		3,250		3,164,661
Series B, 6.00%, 12/01/44		400		437,177
Dallas Convention Center Hotel Development
Corp. RB BAB, 7.09%, 01/01/42		700		785,715
Dallas County Hospital District GOL BAB,
Series C, 5.62%, 08/15/44		1,250		1,292,698
Dallas Fort Worth International Airport RB
2.84%, 11/01/46 (Call 11/01/31)(b)		220		159,855
Class A, 2.99%, 11/01/38		1,200		988,291
4.09%, 11/01/51		1,245		1,036,798
4.51%, 11/01/51 (Call 11/01/32)		3,305		2,997,673
Series A, Class A, 3.14%, 11/01/45		1,405		1,059,133
Series C, Class C, 2.92%, 11/01/50(b)		2,670		1,874,862
Series C, Class C, 3.09%, 11/01/40 (Call 11/01/30)		340		267,593
Dallas Independent School District GO BAB,
Series C, 6.45%, 02/15/35 (Call 04/01/24) (PSF)		400		402,116
Grand Parkway Transportation Corp. RB,
3.24%, 10/01/52 (Call 04/01/30)		4,805		3,482,131
North Texas Tollway Authority RB BAB,
Series B, 6.72%, 01/01/49		4,120		4,845,994
Permanent University Fund - Texas A&M
University System RB, Series B, 3.66%, 07/01/47 (Call 07/01/27)		2,000		1,668,363
Permanent University Fund - University of Texas System RB, Series A, 3.38%, 07/01/47 (Call 01/01/47)		2,125		1,640,594
State of Texas GO BAB
5.52%, 04/01/39(b)		5,300		5,542,620
Series A, 4.63%, 04/01/33		1,255		1,260,162
Series A, 4.68%, 04/01/40		2,550		2,475,862
Texas Natural Gas Securitization
Finance Corp.
5.10%, 04/01/35		6,495		6,554,802
5.17%, 04/01/41		6,200		6,288,385
Texas Private Activity Bond Surface
Transportation Corp. RB, Series B, 3.92%, 12/31/49(b)		3,350		2,721,076

Security	Par (000)		Value
Texas (continued)
Texas Transportation Commission GO, 2.47%, 10/01/44 (Call 10/01/30)	$	2,505	$	1,726,824
Texas Transportation Commission State Highway Fund RB
4.00%, 10/01/33		2,775		2,637,644
First Class, 5.18%, 04/01/30		5,115		5,129,527
				68,212,083
Virginia — 0.0%
University of Virginia RB
2.26%, 09/01/50 (Call 03/01/50)		2,790		1,692,209
2.58%, 11/01/51 (Call 05/01/51)(b)		1,000		649,506
Series A, 3.23%, 12/31/99 (Call 03/01/19)		790		492,098
Series C, 4.18%, 09/01/17 (Call 03/01/17)		840		670,735
				3,504,548
Washington — 0.0%
Central Puget Sound Regional Transit
Authority Sales & Rental Car Taxes
Revenue RB BAB, 5.49%, 11/01/39		1,200		1,237,912
State of Washington GO BAB, Series F,
5.14%, 08/01/40		2,165		2,183,775
				3,421,687
Wisconsin — 0.0%
State of Wisconsin RB
Series A, 5.70%, 05/01/26		190		190,988
Series C, 3.15%, 05/01/27		2,580		2,474,337
				2,665,325
Total Municipal Debt Obligations — 0.5% (Cost: $622,294,828)				547,590,869
U.S. Government & Agency Obligations
Mortgage-Backed Securities — 26.8%
Federal Home Loan Mortgage Corp.
2.50%, 10/01/27		68		66,157
2.50%, 02/01/28		889		858,180
2.50%, 01/01/30		7,954		7,548,583
2.50%, 03/01/31		77		72,278
2.50%, 08/01/31		2,526		2,367,548
2.50%, 10/01/31		5,786		5,400,299
2.50%, 11/01/31		34		31,717
2.50%, 12/01/31		8,683		8,092,572
2.50%, 02/01/32		10,737		10,018,133
2.50%, 08/01/32		126		116,820
2.50%, 01/01/33		9,317		8,681,557
2.50%, 02/01/33		24		22,659
2.50%, 04/01/33		1,115		1,032,709
3.00%, 11/01/26		138		133,068
3.00%, 01/01/27		64		61,922
3.00%, 02/01/27		157		152,229
3.00%, 04/01/27		112		109,354
3.00%, 05/01/27		941		914,312
3.00%, 06/01/27		855		831,121
3.00%, 07/01/27		42		41,051
3.00%, 08/01/27		127		123,465
3.00%, 09/01/27		547		531,085
3.00%, 11/01/27		233		226,231
3.00%, 12/01/27		103		99,630
3.00%, 01/01/28		26		25,506
3.00%, 11/01/28		105		102,110
3.00%, 01/01/29		154		148,557

S C H E D U L E O F I N V E S T M E N T S 99

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 03/01/29	$	462	$	445,386
3.00%, 05/01/29		17,762		17,190,094
3.00%, 05/01/30		3,041		2,903,183
3.00%, 06/01/30		1,676		1,610,168
3.00%, 07/01/30		3,640		3,473,429
3.00%, 12/01/30		8,628		8,215,408
3.00%, 02/01/31		2,708		2,571,551
3.00%, 05/01/31		5,647		5,356,518
3.00%, 06/01/31		4,153		3,937,506
3.00%, 08/01/31		34		32,321
3.00%, 12/01/31		20		19,068
3.00%, 02/01/32		77		73,257
3.00%, 07/01/32		6,400		6,063,594
3.00%, 09/01/32		9		8,185
3.00%, 02/01/33		15		14,178
3.00%, 05/01/33		1,484		1,390,639
3.00%, 06/01/42		431		383,722
3.00%, 10/01/42		180		160,755
3.00%, 01/01/43		467		415,851
3.00%, 02/01/43		11,387		10,144,337
3.00%, 12/01/44		33		28,834
3.00%, 04/01/45		264		232,504
3.00%, 08/01/45		172		151,361
3.00%, 12/01/45		13		11,692
3.00%, 01/01/46		968		851,110
3.00%, 02/01/46		114		100,486
3.00%, 07/01/46		2,172		1,908,754
3.00%, 08/01/46		39,856		35,025,099
3.00%, 09/01/46		15,847		14,033,623
3.00%, 10/01/46		30,905		27,162,427
3.00%, 11/01/46		23,264		20,443,665
3.00%, 12/01/46		53,322		46,858,202
3.00%, 01/01/47		12,503		10,986,948
3.00%, 02/01/47		26,723		23,484,080
3.00%, 03/01/47		134		117,845
3.00%, 04/01/47		346		304,293
3.00%, 05/01/47		20,950		18,413,643
3.00%, 06/01/47		21,571		18,955,606
3.00%, 08/01/47		2,775		2,438,492
3.00%, 09/01/47		619		544,833
3.00%, 10/01/47		6,936		6,095,469
3.00%, 11/01/47		10		8,725
3.00%, 01/01/48		14		12,318
3.00%, 11/01/48		1,065		925,960
3.00%, 03/01/49		182		157,710
3.00%, 05/01/49		219		191,602
3.00%, 06/01/49		163		141,311
3.50%, 11/01/25		335		328,500
3.50%, 03/01/26		399		390,845
3.50%, 06/01/26		93		90,721
3.50%, 03/01/32		573		550,418
3.50%, 05/01/32		1,577		1,514,884
3.50%, 09/01/32		1,343		1,290,745
3.50%, 06/01/33		97		92,612
3.50%, 07/01/33		5,157		4,946,838
3.50%, 11/01/33		15		14,090
3.50%, 06/01/34		4,387		4,177,654
3.50%, 03/01/38		3,241		3,050,828
3.50%, 06/01/38		881		827,861
3.50%, 09/01/38		576		541,611
3.50%, 02/01/42		51		47,070

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.50%, 05/01/42	$	5	$	4,806
3.50%, 09/01/42		8		7,404
3.50%, 10/01/42		6,745		6,209,317
3.50%, 11/01/42		518		476,671
3.50%, 01/01/43		10		8,928
3.50%, 04/01/43		3,693		3,397,030
3.50%, 06/01/43		715		658,579
3.50%, 07/01/43		1,226		1,125,144
3.50%, 08/01/43		4,391		4,030,326
3.50%, 10/01/43		992		913,774
3.50%, 01/01/44		11,353		10,453,910
3.50%, 02/01/44		5,885		5,422,041
3.50%, 09/01/44		4,557		4,181,020
3.50%, 10/01/44		6,635		6,068,110
3.50%, 11/01/44		84		76,139
3.50%, 12/01/45		8,617		7,787,830
3.50%, 01/01/46		216		197,080
3.50%, 03/01/46		24,048		21,905,968
3.50%, 05/01/46		3,125		2,847,679
3.50%, 06/01/46		92		83,661
3.50%, 07/01/46		4,172		3,798,533
3.50%, 08/01/46		2,935		2,672,917
3.50%, 09/01/46		4,644		4,228,247
3.50%, 10/01/46		864		785,285
3.50%, 11/01/46		628		570,891
3.50%, 12/01/46		3,514		3,190,650
3.50%, 01/01/47		1,852		1,682,750
3.50%, 02/01/47		4,761		4,328,799
3.50%, 03/01/47		3,084		2,803,888
3.50%, 04/01/47		6,919		6,279,629
3.50%, 05/01/47		1,399		1,272,067
3.50%, 07/01/47		5,826		5,287,217
3.50%, 08/01/47		17,027		15,540,359
3.50%, 09/01/47		22,436		20,312,602
3.50%, 12/01/47		3,856		3,499,496
3.50%, 01/01/48		17,676		16,158,646
3.50%, 02/01/48		18,582		16,816,887
3.50%, 03/01/48		7,768		7,043,458
3.50%, 04/01/48		1,770		1,619,322
3.50%, 05/01/48		8,634		7,825,252
3.50%, 04/01/49		1,185		1,074,612
3.50%, 05/01/49		3,486		3,149,418
3.50%, 06/01/49		1,621		1,469,433
4.00%, 05/01/25		30		29,376
4.00%, 10/01/25		222		218,481
4.00%, 02/01/26		134		131,460
4.00%, 05/01/26		265		260,587
4.00%, 12/01/32		1,113		1,082,872
4.00%, 05/01/33		1,750		1,707,145
4.00%, 09/01/41		2,550		2,420,582
4.00%, 02/01/42		2,114		2,006,858
4.00%, 03/01/42		470		445,829
4.00%, 06/01/42		3,112		2,953,086
4.00%, 08/01/42		1,312		1,244,943
4.00%, 07/01/44		3,447		3,258,594
4.00%, 01/01/45		849		800,660
4.00%, 02/01/45		1,246		1,179,058
4.00%, 06/01/45		1,984		1,868,397
4.00%, 08/01/45		3,293		3,101,303
4.00%, 09/01/45		5,432		5,115,802
4.00%, 01/01/46		1,436		1,352,547

100 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 02/01/46	$	146	$	136,785
4.00%, 03/01/46		322		302,222
4.00%, 05/01/46		3,226		3,031,503
4.00%, 06/01/46		71		66,078
4.00%, 07/01/46		2,729		2,573,711
4.00%, 08/01/46		86		81,196
4.00%, 10/01/46		2,584		2,433,307
4.00%, 11/01/46		7,407		6,960,259
4.00%, 02/01/47		3,085		2,898,869
4.00%, 08/01/47		227		213,015
4.00%, 10/01/47		691		648,059
4.00%, 11/01/47		1,292		1,211,129
4.00%, 01/01/48		5,078		4,760,972
4.00%, 02/01/48		7,433		6,979,733
4.00%, 04/01/48		158		146,959
4.00%, 06/01/48		13,717		12,902,494
4.00%, 07/01/48		12,746		11,923,594
4.00%, 08/01/48		1,655		1,547,961
4.00%, 09/01/48		3,267		3,055,684
4.00%, 10/01/48		1,766		1,655,626
4.00%, 12/01/48		8,646		8,110,932
4.00%, 01/01/49		1,340		1,253,117
4.50%, 07/01/24		8		7,905
4.50%, 08/01/24		2		2,397
4.50%, 09/01/24		10		10,199
4.50%, 10/01/24		11		10,785
4.50%, 08/01/30		903		890,862
4.50%, 03/01/39		878		859,455
4.50%, 05/01/39		1,050		1,027,459
4.50%, 10/01/39		630		616,624
4.50%, 01/01/40		186		182,116
4.50%, 02/01/41		1,299		1,269,136
4.50%, 04/01/41		38		37,475
4.50%, 05/01/41		3,295		3,219,195
4.50%, 05/01/42		3,376		3,298,172
4.50%, 01/01/45		2,463		2,396,794
4.50%, 11/01/45		167		162,266
4.50%, 12/01/45		127		124,317
4.50%, 01/01/46		3,764		3,661,336
4.50%, 03/01/46		183		177,400
4.50%, 04/01/46		546		527,455
4.50%, 05/01/46		347		335,468
4.50%, 07/01/46		106		102,106
4.50%, 08/01/46		285		275,378
4.50%, 09/01/46		2,305		2,237,125
4.50%, 05/01/47		2,037		1,965,680
4.50%, 06/01/47		1,154		1,113,553
4.50%, 11/01/47		126		121,761
4.50%, 05/01/48		6,516		6,272,389
4.50%, 06/01/48		5,145		4,954,152
4.50%, 07/01/48		3,652		3,516,357
4.50%, 09/01/48		174		167,500
4.50%, 10/01/48		6,862		6,616,234
4.50%, 11/01/48		32		30,764
4.50%, 12/01/48		6,429		6,187,664
4.50%, 01/01/49		1,462		1,407,241
4.50%, 05/01/49		13		12,362
5.00%, 08/01/25		164		162,172
5.00%, 04/01/33		2,320		2,321,513
5.00%, 06/01/33		288		287,992
5.00%, 12/01/33		599		599,394

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
5.00%, 07/01/35	$	1,094	$	1,093,737
5.00%, 01/01/36		533		533,309
5.00%, 01/01/37		62		61,640
5.00%, 02/01/37		62		62,053
5.00%, 02/01/38		326		325,789
5.00%, 03/01/38		2,266		2,267,717
5.00%, 12/01/38		278		278,756
5.00%, 03/01/40		73		72,572
5.00%, 08/01/40		322		322,056
5.00%, 09/01/40		1,424		1,423,869
5.00%, 08/01/41		405		404,401
5.00%, 05/01/42(a)		271		276,065
5.00%, 09/01/47		328		323,777
5.00%, 03/01/48		232		229,076
5.00%, 04/01/48		4,233		4,181,300
5.00%, 05/01/48		1,284		1,268,364
5.00%, 07/01/48		810		800,445
5.00%, 10/01/48		626		617,885
5.00%, 11/01/48		875		863,843
5.00%, 04/01/49		360		355,887
5.00%, 06/01/49		861		848,955
5.24%, 12/01/38(a)		474		480,276
5.50%, 02/01/34		956		972,648
5.50%, 05/01/35		834		852,667
5.50%, 06/01/35		463		473,618
5.50%, 05/01/36		576		589,161
5.50%, 07/01/36		995		1,016,618
5.50%, 03/01/38		932		953,878
5.50%, 04/01/38		204		208,339
5.50%, 01/01/39		479		488,743
5.50%, 11/01/39		505		516,542
5.85%, 08/01/41(a)		132		134,302
5.99%, 11/01/41(a)		150		151,909
6.00%, 10/01/36		543		562,173
6.00%, 02/01/37		439		455,719
6.00%, 11/01/37		1,611		1,676,716
6.00%, 09/01/38		23		24,460
6.03%, 11/01/40(a)		10		9,770
6.13%, 09/01/41(a)		209		210,442
6.15%, 11/01/40(a)		80		79,757
6.15%, 01/01/42(a)		39		39,377
6.16%, 11/01/40(a)		275		276,288
Federal National Mortgage Association
3.00%, 02/01/47		8,536		7,554,637
3.00%, 03/01/47		6,733		5,819,845
3.50%, 11/01/51		5,584		5,015,761
4.00%, 02/01/47		9,351		8,782,565
4.00%, 01/01/57		6,300		5,846,664
4.00%, 02/01/57		7,068		6,559,396
4.43%, 04/01/44(a)		201		203,122
6.00%, 08/01/41(a)		199		203,223
6.07%, 10/01/41(a)		304		309,156
6.26%, 02/01/42(a)		67		67,268
Series 2015-M10, Class A2, 3.09%, 04/25/27(a)		2,992		2,859,259
Series 2016-M6, Class A2, 2.49%, 05/25/26		7,981		7,590,272
Series 2017, Class A2, 2.96%, 09/25/27(a)		1,703		1,615,204
Series 2017-M4, Class A2, 2.55%, 12/25/26(a)		20,213		19,071,572

S C H E D U L E O F I N V E S T M E N T S 101

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Series 2017-M7, Class A2, 2.96%, 02/25/27(a)	$	14,238	$	13,551,448
Series 2017-M8, Class A2, 3.06%, 05/25/27(a)		8,093		7,708,033
Series 2018-M10, Class A2, 3.36%, 07/25/28(a)		2,999		2,853,127
Series 2018-M12, Class A2, 3.63%, 08/25/30(a)		12,300		11,499,738
Series 2018-M13, Class A2, 3.74%, 09/25/30(a)		7,734		7,290,751
Series 2018-M2, Class A2, 2.91%, 01/25/28(a)		8,372		7,880,218
Series 2019-M2, Class A2, 3.62%, 11/25/28(a)		5,154		4,935,618
Series 2019-M22, Class A2, 2.52%, 08/25/29		22,289		20,048,960
Series 2021-M13, Class A2, 1.60%, 04/25/31(a)		17,050		13,786,578
Series 2021-M17, Class A2, 1.71%, 07/25/31(a)		20,500		16,660,145
Series 2022-M1, Class A2, 1.67%, 10/25/31(a)		29,670		23,858,254
Freddie Mac Multifamily Structured Pass Through Certificates
2.92%, 06/25/32 (Call 07/25/32)		25,000		21,849,877
Series K046, Class A2, 3.21%, 03/25/25 (Call 04/25/25)		5,000		4,895,218
Series K048, Class A2, 3.28%, 06/25/25 (Call 08/25/25)(a)		21,168		20,693,595
Series K052, Class A2, 3.15%, 11/25/25 (Call 01/25/26)		19,250		18,685,075
Series K053, Class A2, 3.00%, 12/25/25 (Call 01/25/26)		15,000		14,507,739
Series K059, Class A2, 3.12%, 09/25/26 (Call 10/25/26)(a)		14,300		13,725,821
Series K063, Class A2, 3.43%, 01/25/27 (Call 02/25/27)(a)		20,000		19,288,534
Series K066, Class A2, 3.12%, 06/25/27 (Call 07/25/27)		18,250		17,372,253
Series K067, Class A1, 2.90%, 03/25/27 (Call 09/25/27)		7,206		6,966,760
Series K069, Class A2, 3.19%, 09/25/27 (Call 10/25/27)(a)		3,150		2,993,470
Series K072, Class A2, 3.44%, 12/25/27 (Call 12/25/27)		10,000		9,551,763
Series K074, Class A2, 3.60%, 01/25/28 (Call 07/25/28)		10,000		9,595,644
Series K076, Class A2, 3.90%, 04/25/28 (Call 05/25/28)		8,000		7,745,061
Series K081, Class A2, 3.90%, 08/25/28 (Call 12/25/28)(a)		19,091		18,440,916
Series K085, Class A2, 4.06%, 10/25/28 (Call 11/25/28)(a)		20,000		19,415,929
Series K089, Class A2, 3.56%, 01/25/29 (Call 04/25/29)		10,000		9,500,910
Series K100, Class A2, 2.67%, 09/25/29 (Call 10/25/29)		10,000		8,989,743
Series K101, Class A2, 2.52%, 10/25/29 (Call 01/25/30)		31,000		27,658,476
Series K105, Class A2, 1.87%, 01/25/30 (Call 06/25/30)		4,775		4,076,621

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Series K108, Class A2, 1.52%, 03/25/30
(Call 03/25/30)	$	2,000	$	1,668,745
Series K110, Class A2, 1.48%, 04/25/30
(Call 05/25/30)		13,200		10,957,691
Series K111, Class A2, 1.35%, 05/25/30
(Call 07/25/30)		5,000		4,100,344
Series K117, Class A2, 1.41%, 08/25/30
(Call 10/25/30)		15,000		12,234,967
Series K126, Class A2, 2.07%, 01/25/31
(Call 05/25/31)		17,440		14,723,678
Series K135, CLASS A2, 2.15%, 10/25/31
(Call 11/25/31)(a)		4,670		3,896,205
Series K1510, Class A3, 3.79%, 01/25/34
(Call 01/25/34)		20,000		18,448,915
Series K-1512, Class A2, 2.99%, 05/25/31
(Call 10/25/34)		10,960		9,813,403
Series K-1512, Class A3, 3.06%, 04/25/34
(Call 10/25/34)		16,190		13,562,634
Series K-1514, Class A2, 2.86%, 10/25/34
(Call 10/25/34)		15,500		12,593,226
Series K733, Class A2, 3.75%, 08/25/25
(Call 01/25/26)		14,887		14,595,118
Series K734, Class A2, 3.21%, 02/25/26
(Call 07/25/26)		5,700		5,526,388
Series K739, Class A2, 1.34%, 09/25/27
(Call 09/25/27)		25,490		22,881,617
Government National Mortgage Association
1.50%, 10/20/51		4,310		3,326,893
2.00%, 07/20/50		5,139		4,195,443
2.00%, 08/20/50		70,762		57,758,186
2.00%, 09/20/50		1,976		1,612,632
2.00%, 10/20/50		7,518		6,132,562
2.00%, 11/20/50		41,157		33,565,140
2.00%, 12/20/50		74,679		60,886,386
2.00%, 01/20/51		30,801		25,104,909
2.00%, 02/20/51		181,091		147,585,863
2.00%, 06/20/51		6,825		5,558,328
2.00%, 08/20/51		123,041		100,161,674
2.00%, 10/20/51		86,695		70,547,418
2.00%, 11/20/51		62,985		51,244,093
2.00%, 12/20/51		225,212		183,194,439
2.00%, 01/20/52		126,007		102,488,466
2.00%, 03/20/52		192,088		156,242,638
2.00%, 04/20/52		45,793		37,251,415
2.00%, 06/20/52		35,905		29,203,788
2.00%, 03/20/54(h)		83,043		67,579,458
2.50%, 02/15/28		50		48,594
2.50%, 10/20/31		64		59,799
2.50%, 05/20/45		2,978		2,562,895
2.50%, 11/20/46		413		355,126
2.50%, 12/20/46		12,737		10,952,655
2.50%, 01/20/47		5,873		5,050,521
2.50%, 06/20/50		15,143		12,847,401
2.50%, 08/20/50		16,760		13,992,347
2.50%, 09/20/50		35,780		29,861,098
2.50%, 01/20/51		78,487		66,417,360
2.50%, 02/20/51		132,348		112,205,558
2.50%, 05/20/51		270,145		228,879,450
2.50%, 06/20/51		8,361		7,082,051
2.50%, 07/20/51		224,824		190,397,653
2.50%, 08/20/51		138,214		117,024,140

102 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
2.50%, 09/20/51	$	4,529	$	3,833,520
2.50%, 10/20/51		4,100		3,469,793
2.50%, 11/20/51		33,564		28,399,436
2.50%, 12/20/51		95,386		80,709,365
2.50%, 01/20/52		3,357		2,839,753
2.50%, 03/20/52		105,363		89,125,948
2.50%, 04/20/52		77,391		65,456,067
2.50%, 05/20/52		26,739		22,615,264
2.50%, 07/20/52		8,769		7,416,777
2.50%, 08/20/52		17,440		14,750,083
2.50%, 03/20/54(h)		107,698		91,141,749
3.00%, 08/20/42		4,556		4,076,588
3.00%, 09/15/42		9		8,043
3.00%, 10/15/42		25		22,539
3.00%, 03/15/43		155		138,526
3.00%, 06/15/43		26		23,375
3.00%, 07/15/43		63		56,677
3.00%, 09/20/43		5,218		4,665,262
3.00%, 11/15/43		481		429,154
3.00%, 01/15/44		4,409		3,939,678
3.00%, 08/20/44		13,520		12,087,463
3.00%, 10/15/44		106		99,491
3.00%, 03/20/45		4,393		3,915,595
3.00%, 05/20/45		17,992		16,036,268
3.00%, 06/20/45		5,885		5,245,440
3.00%, 07/20/45		11,849		10,560,543
3.00%, 10/20/45		4,051		3,614,971
3.00%, 11/20/45		2,570		2,290,887
3.00%, 12/20/45		4,709		4,196,707
3.00%, 02/20/46		14,120		12,584,681
3.00%, 04/20/46		6,449		5,737,724
3.00%, 05/20/46		10,621		9,449,011
3.00%, 06/20/46		12,724		11,320,015
3.00%, 07/20/46		17,799		15,834,484
3.00%, 08/20/46		31,201		27,757,769
3.00%, 09/20/46		23,459		20,870,277
3.00%, 11/20/46		6,326		5,628,074
3.00%, 12/15/46		7,575		6,646,136
3.00%, 12/20/46		36,587		32,549,877
3.00%, 01/20/47		1,919		1,706,914
3.00%, 02/15/47		11,162		9,932,395
3.00%, 02/20/47		11,696		10,404,883
3.00%, 03/20/47		10,683		9,503,752
3.00%, 04/20/47		236		210,119
3.00%, 06/20/47		5,130		4,559,083
3.00%, 09/20/47		306		271,727
3.00%, 10/20/47		6,245		5,550,581
3.00%, 11/20/47		114		101,690
3.00%, 02/20/48		4,971		4,386,477
3.00%, 03/20/48		17		15,430
3.00%, 07/20/49		7,285		6,449,634
3.00%, 09/20/49		26,063		23,075,204
3.00%, 10/15/49		9,413		8,298,445
3.00%, 10/20/49		13,806		12,204,952
3.00%, 11/20/49		154		136,213
3.00%, 12/20/49		82,084		72,524,180
3.00%, 01/20/50		43,701		38,644,795
3.00%, 02/20/50		54,733		48,330,727
3.00%, 07/20/50		28,336		24,985,236
3.00%, 02/20/51		1,766		1,554,552
3.00%, 06/20/51		663		581,811

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 08/20/51	$	72,623	$	63,744,393
3.00%, 09/20/51		23,930		20,998,967
3.00%, 10/20/51		27,659		24,264,244
3.00%, 11/20/51		47,208		41,403,895
3.00%, 12/20/51		42,308		37,096,579
3.00%, 02/20/52		21,808		19,111,108
3.00%, 03/20/52		34,592		30,006,605
3.00%, 05/20/52		9,077		7,953,935
3.00%, 06/20/52		28,754		25,196,129
3.00%, 07/20/52		26,729		23,421,785
3.00%, 08/20/52		13,242		11,603,808
3.00%, 09/20/52		18,080		15,843,294
3.00%, 11/20/52		2,498		2,192,346
3.00%, 03/20/54(h)		94,707		83,022,353
3.50%, 11/20/40		56		52,137
3.50%, 12/20/40		41		38,436
3.50%, 05/20/41		78		72,457
3.50%, 09/15/41		143		132,780
3.50%, 10/15/41		199		184,138
3.50%, 12/15/41		1,453		1,344,600
3.50%, 04/15/42		95		88,186
3.50%, 08/20/42		8,068		7,468,162
3.50%, 09/15/42		338		312,142
3.50%, 09/20/42		9,654		8,935,469
3.50%, 10/15/42		266		246,100
3.50%, 10/20/42		25,871		23,946,594
3.50%, 11/15/42		354		327,601
3.50%, 11/20/42		22,527		20,851,402
3.50%, 12/15/42		604		558,934
3.50%, 12/20/42		7,966		7,373,365
3.50%, 02/15/43		336		311,159
3.50%, 02/20/43		155		142,867
3.50%, 03/15/43		404		372,692
3.50%, 03/20/43		690		637,122
3.50%, 04/15/43		23		21,563
3.50%, 04/20/43		175		161,408
3.50%, 05/15/43		672		620,074
3.50%, 06/15/43		9,569		8,798,595
3.50%, 08/20/43		125		115,328
3.50%, 09/20/43		61		56,601
3.50%, 10/20/43		168		155,532
3.50%, 01/15/44		146		134,359
3.50%, 01/20/44		5,159		4,764,695
3.50%, 02/20/44		1,670		1,542,175
3.50%, 03/20/44		159		146,819
3.50%, 07/20/44		28		26,096
3.50%, 08/15/44		26		24,053
3.50%, 08/20/44		5,479		5,055,792
3.50%, 09/15/44		62		57,429
3.50%, 09/20/44		9,791		9,034,552
3.50%, 10/15/44		144		132,169
3.50%, 10/20/44		1,492		1,376,078
3.50%, 11/20/44		13		12,245
3.50%, 12/20/44		923		851,591
3.50%, 01/15/45		56		51,270
3.50%, 01/20/45		136		125,655
3.50%, 03/15/45		112		102,665
3.50%, 04/20/45		9,459		8,694,875
3.50%, 05/20/45		3,556		3,245,988
3.50%, 06/15/45		41		37,446
3.50%, 06/20/45		5,332		4,901,673

S C H E D U L E O F I N V E S T M E N T S 103

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.50%, 07/20/45	$	177	$	163,080
3.50%, 08/20/45		436		399,026
3.50%, 09/20/45		13,851		12,732,831
3.50%, 10/20/45		1,345		1,236,819
3.50%, 11/20/45		9,808		9,016,059
3.50%, 12/20/45		5,488		5,044,446
3.50%, 03/20/46		20,092		18,435,917
3.50%, 04/20/46		8,863		8,132,670
3.50%, 06/20/46		39,039		35,821,186
3.50%, 07/20/46		281		257,574
3.50%, 08/15/46		46		42,483
3.50%, 11/20/46		399		366,012
3.50%, 12/20/46		11,343		10,408,422
3.50%, 01/15/47		46		42,033
3.50%, 01/20/47		2,675		2,454,334
3.50%, 02/20/47		45,864		42,083,377
3.50%, 03/20/47		16,934		15,492,165
3.50%, 04/20/47		15,192		13,898,512
3.50%, 06/20/47		3,363		3,076,761
3.50%, 07/20/47		422		386,517
3.50%, 08/20/47		22,328		20,443,831
3.50%, 09/15/47		49		44,500
3.50%, 09/20/47		31,958		29,237,996
3.50%, 10/20/47		13,240		12,121,310
3.50%, 11/15/47		21		18,891
3.50%, 11/20/47		19,170		17,538,033
3.50%, 12/15/47		5		4,891
3.50%, 12/20/47		9,462		8,621,656
3.50%, 01/20/48		9,278		8,488,148
3.50%, 02/20/48		3,134		2,867,203
3.50%, 04/20/48		30,713		28,096,761
3.50%, 05/15/48		324		296,806
3.50%, 05/20/48		21,161		19,360,089
3.50%, 08/20/48		4,061		3,714,435
3.50%, 09/20/48		1,884		1,723,892
3.50%, 11/20/48		3,271		2,992,419
3.50%, 01/20/49		1,989		1,820,036
3.50%, 06/20/49		657		600,341
3.50%, 09/20/49		5,241		4,784,546
3.50%, 10/20/49		6,729		6,149,096
3.50%, 01/20/50		26,768		24,430,350
3.50%, 03/20/50		7,480		6,826,403
3.50%, 08/20/50		6,066		5,515,203
3.50%, 10/20/51		2,482		2,246,399
3.50%, 01/20/52		9,838		8,902,753
3.50%, 02/20/52		18,204		16,473,354
3.50%, 08/20/52		8,340		7,537,810
3.50%, 10/20/52		14,653		13,243,850
3.50%, 12/20/52		10,616		9,595,115
3.50%, 01/20/53		39,349		35,565,809
3.50%, 05/20/53		25,775		23,520,856
3.50%, 03/20/54(h)		108,451		98,083,991
4.00%, 06/15/39		5		4,784
4.00%, 09/20/40		2,084		1,988,181
4.00%, 01/15/41		1		1,211
4.00%, 01/20/41		681		649,875
4.00%, 02/15/41		1,664		1,589,185
4.00%, 05/20/41		13		12,489
4.00%, 07/15/41		777		742,670
4.00%, 09/15/41		17		16,592
4.00%, 09/20/41		904		862,305

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 10/15/41	$	307	$	293,567
4.00%, 11/15/41		196		187,450
4.00%, 12/15/41		692		660,668
4.00%, 12/20/41		3,033		2,893,954
4.00%, 01/15/42		65		61,682
4.00%, 01/20/42		1,320		1,259,830
4.00%, 02/15/42		312		297,497
4.00%, 03/15/42		1,660		1,583,503
4.00%, 04/15/42		482		459,658
4.00%, 09/20/42		649		619,303
4.00%, 08/15/43		12		11,489
4.00%, 10/20/43		3,260		3,106,835
4.00%, 03/15/44		73		68,887
4.00%, 04/15/44		30		28,056
4.00%, 06/15/44		105		99,780
4.00%, 08/15/44		9		8,628
4.00%, 08/20/44		232		220,481
4.00%, 09/15/44		2		1,895
4.00%, 10/15/44		10		9,234
4.00%, 10/20/44		4,340		4,123,098
4.00%, 12/20/44		289		274,113
4.00%, 01/20/45		6,854		6,511,310
4.00%, 08/20/45		3,822		3,626,044
4.00%, 09/20/45		4,479		4,249,360
4.00%, 10/20/45		532		504,309
4.00%, 01/20/46		2,031		1,926,901
4.00%, 03/20/46		9,984		9,472,577
4.00%, 07/20/46		2,142		2,022,759
4.00%, 08/20/46		28		26,018
4.00%, 09/20/46		487		460,230
4.00%, 11/20/46		2,601		2,455,771
4.00%, 12/15/46		3,876		3,666,421
4.00%, 04/20/47		16,127		15,209,397
4.00%, 06/20/47		6,520		6,148,835
4.00%, 07/20/47		28,352		26,737,919
4.00%, 08/20/47		1,374		1,295,845
4.00%, 11/20/47		17,364		16,375,229
4.00%, 12/20/47		41		38,087
4.00%, 01/20/48		138		129,881
4.00%, 03/15/48		39		36,467
4.00%, 03/20/48		19,964		18,827,612
4.00%, 04/20/48		10,797		10,173,020
4.00%, 05/15/48		1,734		1,633,876
4.00%, 05/20/48		11,481		10,815,419
4.00%, 08/20/48		17,762		16,737,293
4.00%, 09/20/48		6,425		6,053,956
4.00%, 10/20/48		544		512,186
4.00%, 11/20/48		15,139		14,259,988
4.00%, 02/20/49		6,626		6,243,702
4.00%, 03/20/49		270		254,016
4.00%, 05/20/49		645		607,770
4.00%, 06/15/49		655		616,813
4.00%, 06/20/49		1,685		1,587,100
4.00%, 09/15/49		1,765		1,663,220
4.00%, 01/20/50		67,948		63,981,426
4.00%, 02/20/50		27,616		26,004,057
4.00%, 07/20/50		4,930		4,645,463
4.00%, 07/20/52		8,878		8,259,190
4.00%, 09/20/52		81,836		76,132,888
4.00%, 12/20/52		16,804		15,632,556
4.00%, 03/20/53		9,821		9,136,313

104 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 10/20/53	$	7,022	$	6,545,726
4.00%, 03/20/54(h)		70,231		65,356,978
4.50%, 04/15/39		278		272,881
4.50%, 08/15/39		1,390		1,366,713
4.50%, 11/20/39		707		694,685
4.50%, 01/20/40		192		188,536
4.50%, 06/15/40		1,312		1,289,766
4.50%, 07/15/40		633		622,182
4.50%, 08/15/40		1,000		983,098
4.50%, 08/20/40		1,185		1,165,003
4.50%, 09/15/40		1,156		1,136,094
4.50%, 10/20/40		2,888		2,838,040
4.50%, 06/20/41		2,530		2,488,992
4.50%, 07/20/41		13,172		12,958,991
4.50%, 09/20/41		1,745		1,717,252
4.50%, 12/20/41		360		354,446
4.50%, 11/20/45		2,991		2,918,345
4.50%, 02/15/46		4		3,866
4.50%, 08/20/46		3,695		3,609,957
4.50%, 09/20/46		592		579,978
4.50%, 10/20/46		2,656		2,594,740
4.50%, 11/20/46		1,017		993,890
4.50%, 12/20/46		434		424,469
4.50%, 02/20/47		436		424,893
4.50%, 04/20/47		521		505,350
4.50%, 05/20/47		494		479,620
4.50%, 06/20/47		1,145		1,112,847
4.50%, 07/20/47		2,545		2,470,297
4.50%, 10/20/47		810		785,880
4.50%, 04/20/48		1,940		1,878,669
4.50%, 05/20/48		4,866		4,710,765
4.50%, 06/20/48		5,317		5,147,303
4.50%, 07/20/48		6,904		6,683,143
4.50%, 08/20/48		11,204		10,845,969
4.50%, 09/20/48		560		542,208
4.50%, 10/20/48		581		562,887
4.50%, 11/20/48		161		155,380
4.50%, 12/20/48		5,716		5,533,103
4.50%, 01/20/49		141		136,926
4.50%, 02/20/49		1,281		1,238,196
4.50%, 03/20/49		2,405		2,327,738
4.50%, 05/20/49		523		506,304
4.50%, 06/20/49		7,684		7,438,842
4.50%, 07/20/49		5,724		5,541,183
4.50%, 08/20/49		2,275		2,202,479
4.50%, 07/20/52		4,643		4,443,858
4.50%, 08/20/52		103,221		98,684,805
4.50%, 04/20/53		75,566		72,144,653
4.50%, 05/20/53		38,283		36,549,633
4.50%, 06/20/53		54,147		51,696,084
4.50%, 03/20/54(h)		74,836		71,463,374
5.00%, 12/15/36		383		384,313
5.00%, 01/15/39		1,185		1,191,945
5.00%, 07/15/39		2,130		2,141,718
5.00%, 05/15/40		761		762,868
5.00%, 07/20/40		3,955		3,966,726
5.00%, 08/20/40		1,476		1,480,024
5.00%, 05/15/47		1,030		1,021,952
5.00%, 06/15/47		157		155,208
5.00%, 11/15/47		353		350,105
5.00%, 12/15/47		256		253,849

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
5.00%, 01/15/48	$	336	$	333,130
5.00%, 02/15/48		481		476,798
5.00%, 03/20/48		1,088		1,083,351
5.00%, 04/20/48		3,644		3,626,721
5.00%, 05/20/48		3,933		3,901,338
5.00%, 10/20/48		80		79,509
5.00%, 11/20/48		1,408		1,395,601
5.00%, 12/20/48		2,612		2,588,648
5.00%, 01/20/49		4,354		4,315,912
5.00%, 04/20/49		10,212		10,121,984
5.00%, 05/20/49		1,198		1,187,404
5.00%, 06/20/49		9,642		9,556,808
5.00%, 07/20/52		4,851		4,739,548
5.00%, 09/20/52		6,086		5,946,693
5.00%, 12/20/52		42,119		41,154,517
5.00%, 01/20/53		44,881		43,852,713
5.00%, 02/20/53		7,967		7,784,365
5.00%, 04/20/53		32,224		31,463,356
5.00%, 05/20/53		38,360		37,454,966
5.00%, 07/20/53		91,373		89,217,127
5.00%, 03/20/54(h)		96,330		94,085,872
5.50%, 03/15/36		580		592,575
5.50%, 06/20/38		637		652,595
5.50%, 03/20/39		977		999,767
5.50%, 12/15/39		230		236,714
5.50%, 01/15/40		2,228		2,280,540
5.50%, 04/20/48		220		223,834
5.50%, 12/20/52		59,398		59,046,682
5.50%, 01/20/53		25,610		25,438,292
5.50%, 03/20/53		41,960		41,674,018
5.50%, 04/20/53		108,058		107,320,892
5.50%, 06/20/53		23,965		23,801,284
5.50%, 07/20/53		22,676		22,696,968
5.50%, 09/20/53		39,073		38,806,407
5.50%, 10/20/53		49,582		49,243,322
5.50%, 03/20/54(h)		32,774		32,555,080
6.00%, 03/15/37		1,864		1,945,042
6.00%, 09/20/38		713		742,845
6.00%, 11/15/39		308		324,150
6.00%, 02/20/53		12,815		12,874,434
6.00%, 09/20/53		30,986		31,136,482
6.00%, 10/20/53		46,612		46,839,002
6.00%, 11/20/53		34,486		34,654,093
6.00%, 01/20/54		15,598		15,673,577
6.00%, 03/20/54(h)		132,650		133,296,807
6.50%, 10/20/38		1,062		1,127,258
6.50%, 10/20/53		5,505		5,584,109
6.50%, 11/20/53		29,413		29,837,466
6.50%, 12/20/53		26,628		27,011,429
6.50%, 01/20/54		69,541		70,543,318
6.50%, 03/20/54(h)		114,554		116,107,530
Uniform Mortgage-Backed Securities
1.50%, 03/01/36		17,038		14,738,409
1.50%, 04/01/36		301		260,733
1.50%, 07/01/36		3,096		2,676,471
1.50%, 10/01/36		12,369		10,686,308
1.50%, 01/01/37		1,586		1,369,264
1.50%, 02/01/37		149,514		129,083,564
1.50%, 03/01/37		153,888		132,987,625
1.50%, 04/01/37		23,779		20,549,670
1.50%, 08/01/37		12,240		10,567,720

S C H E D U L E O F I N V E S T M E N T S 105

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
1.50%, 03/18/39(h)	$	176,063	$	151,801,641
1.50%, 11/01/50		87,595		65,597,898
1.50%, 01/01/51		24,441		18,293,806
1.50%, 04/01/51		8,883		6,639,918
1.50%, 05/01/51		99,300		74,213,037
1.50%, 06/01/51		46,860		35,016,248
1.50%, 07/01/51		135,668		101,386,372
1.50%, 11/01/51		88,335		65,960,202
1.50%, 04/01/52		9,140		6,827,969
1.50%, 03/13/54(h)		19,975		14,900,875
2.00%, 10/01/35		28,971		25,816,246
2.00%, 11/01/35		13,755		12,302,924
2.00%, 12/01/35		65,111		57,720,742
2.00%, 02/01/36		330,515		293,698,621
2.00%, 03/01/36		66,347		58,870,043
2.00%, 04/01/36		494		439,979
2.00%, 05/01/36		52,626		46,726,507
2.00%, 06/01/36		30,516		27,050,812
2.00%, 08/01/36		24,567		21,753,548
2.00%, 09/01/36		20,301		17,932,895
2.00%, 10/01/36		6,457		5,715,637
2.00%, 11/01/36		43,979		38,883,684
2.00%, 12/01/36		83,307		73,656,855
2.00%, 01/01/37		122,368		108,239,982
2.00%, 02/01/37		68,675		60,674,647
2.00%, 03/01/37		33,407		29,470,001
2.00%, 04/01/37		135,637		119,588,580
2.00%, 05/01/37		60,985		53,751,342
2.00%, 06/01/37		90,119		79,445,485
2.00%, 08/01/37		5,043		4,444,443
2.00%, 10/01/37		9,490		8,364,311
2.00%, 03/18/39(h)		132,889		117,213,938
2.00%, 07/01/50		57,842		45,851,936
2.00%, 09/01/50		64,207		50,997,960
2.00%, 10/01/50		155,914		123,658,092
2.00%, 11/01/50		2,470		1,953,786
2.00%, 12/01/50		228,315		182,125,154
2.00%, 01/01/51		98,000		78,489,021
2.00%, 02/01/51		439,422		347,575,143
2.00%, 03/01/51		462,054		365,863,016
2.00%, 04/01/51		476,909		377,743,469
2.00%, 05/01/51		107,595		85,364,617
2.00%, 06/01/51		251,732		199,588,811
2.00%, 07/01/51		254,650		201,583,976
2.00%, 08/01/51		153,235		120,713,626
2.00%, 09/01/51		35,604		28,060,708
2.00%, 10/01/51		676,147		533,982,687
2.00%, 11/01/51		378,647		299,225,247
2.00%, 12/01/51		394,856		311,471,501
2.00%, 01/01/52		228,122		179,866,419
2.00%, 02/01/52		535,743		421,522,050
2.00%, 03/01/52		382,583		300,881,731
2.00%, 04/01/52		25,337		19,922,327
2.00%, 05/01/52		53,652		42,266,287
2.00%, 06/01/52		61,917		48,691,778
2.00%, 03/13/54(h)		178,581		140,304,542
2.00%, 04/11/54(h)		76,781		60,407,953
2.50%, 05/01/27		694		672,515
2.50%, 10/01/27		768		742,354
2.50%, 01/01/28		95		91,431
2.50%, 03/01/28		147		141,059

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
2.50%, 06/01/28	$	25	$	23,860
2.50%, 09/01/28		72		68,715
2.50%, 12/01/28		32		30,338
2.50%, 09/01/29		54		51,101
2.50%, 12/01/29		1,268		1,222,259
2.50%, 02/01/30		941		890,044
2.50%, 03/01/30		3,068		2,892,085
2.50%, 04/01/30		190		179,016
2.50%, 06/01/30		494		464,564
2.50%, 07/01/30		991		931,642
2.50%, 08/01/30		2,712		2,546,267
2.50%, 09/01/30		1,034		971,409
2.50%, 12/01/30		1,999		1,874,005
2.50%, 01/01/31		1,305		1,226,992
2.50%, 04/01/31		755		707,304
2.50%, 05/01/31		20		18,943
2.50%, 09/01/31		3,963		3,693,429
2.50%, 10/01/31		35,901		33,706,030
2.50%, 12/01/31		6,845		6,386,083
2.50%, 01/01/32		13,354		12,460,130
2.50%, 02/01/32		15,587		14,561,247
2.50%, 03/01/32		6,192		5,758,030
2.50%, 04/01/32		37,035		34,624,422
2.50%, 05/01/32		24,020		22,419,094
2.50%, 06/01/32		662		620,203
2.50%, 07/01/32		10,299		9,639,688
2.50%, 09/01/32		3,917		3,665,447
2.50%, 10/01/32		752		699,766
2.50%, 11/01/32		655		604,679
2.50%, 12/01/32		7,129		6,620,121
2.50%, 01/01/33		20,538		19,399,799
2.50%, 03/01/33		107		99,337
2.50%, 07/01/33		104		96,574
2.50%, 08/01/34		496		464,593
2.50%, 10/01/34		216		198,040
2.50%, 11/01/34		21,306		19,442,392
2.50%, 07/01/35		11,803		10,789,753
2.50%, 09/01/35		22,893		20,876,995
2.50%, 10/01/35		73,202		66,766,086
2.50%, 03/01/36		21,483		19,565,472
2.50%, 04/01/36		1,372		1,248,885
2.50%, 05/01/36		18,521		16,821,379
2.50%, 07/01/36		31,634		28,748,451
2.50%, 08/01/36		9,068		8,241,183
2.50%, 10/01/36		1,226		1,117,619
2.50%, 03/01/37		13,912		12,632,213
2.50%, 04/01/37		25,869		23,498,793
2.50%, 05/01/37		63,584		57,726,130
2.50%, 06/01/37		15,455		14,030,893
2.50%, 03/18/39(h)		136,677		123,902,839
2.50%, 05/01/43		206		175,684
2.50%, 02/01/47		714		603,911
2.50%, 04/01/47		9,002		7,613,551
2.50%, 12/01/47		172		145,193
2.50%, 05/01/50		78,894		65,430,974
2.50%, 07/01/50		42,596		35,782,628
2.50%, 08/01/50		61,544		51,443,706
2.50%, 09/01/50		147,964		123,458,651
2.50%, 10/01/50		179,907		149,541,741
2.50%, 11/01/50		206,331		171,416,663
2.50%, 12/01/50		60,773		50,168,875

106 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
2.50%, 01/01/51	$	134,284	$	110,782,628
2.50%, 02/01/51		57,417		47,519,681
2.50%, 03/01/51		71,902		59,212,886
2.50%, 04/01/51		36,043		29,762,840
2.50%, 05/01/51		38,215		31,654,415
2.50%, 06/01/51		6,984		5,761,069
2.50%, 07/01/51		238,360		196,831,908
2.50%, 08/01/51		309,828		256,399,526
2.50%, 09/01/51		144,612		119,530,901
2.50%, 10/01/51		119,107		98,541,468
2.50%, 11/01/51		96,636		79,992,939
2.50%, 12/01/51		388,119		321,319,742
2.50%, 01/01/52		468,133		385,641,863
2.50%, 02/01/52		301,896		249,028,624
2.50%, 03/01/52		245,393		202,018,120
2.50%, 04/01/52		229,267		188,738,473
2.50%, 05/01/52		113,508		93,304,447
2.50%, 06/01/52		13,275		10,911,251
2.50%, 07/01/52		101,928		83,812,140
2.50%, 08/01/52		11,087		9,113,193
2.50%, 04/01/53		140,343		115,353,973
2.50%, 03/13/54(h)		190,002		156,088,096
3.00%, 11/01/25		42		41,360
3.00%, 10/01/26		38		37,013
3.00%, 01/01/27		983		950,348
3.00%, 02/01/27		12		11,311
3.00%, 10/01/27		1,485		1,439,440
3.00%, 11/01/27		922		893,913
3.00%, 12/01/27		62		59,688
3.00%, 03/01/29		112		107,677
3.00%, 07/01/29		167		160,529
3.00%, 09/01/29		86		82,735
3.00%, 10/01/29		25		23,489
3.00%, 01/01/30		63		60,553
3.00%, 03/01/30		29,550		28,485,068
3.00%, 04/01/30		2,821		2,691,225
3.00%, 06/01/30		530		511,886
3.00%, 07/01/30		2,242		2,135,225
3.00%, 08/01/30		8,387		7,980,956
3.00%, 09/01/30		11,004		10,481,594
3.00%, 10/01/30		5,077		4,828,253
3.00%, 11/01/30		1,202		1,143,588
3.00%, 12/01/30		3,347		3,181,202
3.00%, 01/01/31		11,412		10,899,234
3.00%, 02/01/31		8,098		7,715,739
3.00%, 03/01/31		5,469		5,190,875
3.00%, 04/01/31		817		776,276
3.00%, 05/01/31		265		251,913
3.00%, 06/01/31		4,840		4,589,458
3.00%, 07/01/31		1,260		1,190,286
3.00%, 09/01/31		4,516		4,284,961
3.00%, 10/01/31		952		901,702
3.00%, 12/01/31		8,083		7,804,219
3.00%, 01/01/32		8,125		7,690,589
3.00%, 02/01/32		14,997		14,218,608
3.00%, 03/01/32		2,118		2,006,801
3.00%, 04/01/32		155		147,367
3.00%, 05/01/32		3,089		2,910,393
3.00%, 06/01/32		4,904		4,660,957
3.00%, 08/01/32		3,066		2,905,564
3.00%, 09/01/32		833		790,600

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 11/01/32	$	4,936	$	4,675,250
3.00%, 12/01/32		9,819		9,274,270
3.00%, 02/01/33		5,392		5,102,163
3.00%, 05/01/33		449		419,973
3.00%, 09/01/33		375		354,241
3.00%, 10/01/33		4,585		4,322,295
3.00%, 07/01/34		3,593		3,356,813
3.00%, 08/01/34		365		341,262
3.00%, 09/01/34		5,358		5,005,724
3.00%, 11/01/34		3,579		3,343,852
3.00%, 12/01/34		12,647		11,815,496
3.00%, 03/01/35		3,464		3,236,243
3.00%, 04/01/35		20,835		19,459,317
3.00%, 06/01/35		493		460,260
3.00%, 07/01/35		2,825		2,639,336
3.00%, 09/01/35		15,970		15,194,892
3.00%, 10/01/35		8,491		7,929,185
3.00%, 12/01/35		5,617		5,290,370
3.00%, 07/01/37		14,522		13,493,738
3.00%, 03/18/39(h)		130,245		120,669,100
3.00%, 08/01/42		216		191,557
3.00%, 09/01/42		77		68,219
3.00%, 10/01/42		3,256		2,896,060
3.00%, 11/01/42		2,439		2,169,564
3.00%, 12/01/42		13,108		11,660,918
3.00%, 01/01/43		6,616		5,886,327
3.00%, 02/01/43		222		197,603
3.00%, 03/01/43		9,512		8,459,018
3.00%, 04/01/43		10,270		9,132,308
3.00%, 05/01/43		4,341		3,860,415
3.00%, 06/01/43		2,140		1,902,448
3.00%, 07/01/43		1,507		1,340,208
3.00%, 08/01/43		2,560		2,276,363
3.00%, 09/01/43		6,078		5,404,510
3.00%, 01/01/44		8,482		7,541,528
3.00%, 10/01/44		26,678		23,721,273
3.00%, 12/01/44		6		5,449
3.00%, 01/01/45		2,713		2,413,105
3.00%, 02/01/45		246		217,519
3.00%, 03/01/45		11,583		10,298,932
3.00%, 04/01/45		93		82,111
3.00%, 05/01/45		11,229		9,955,610
3.00%, 06/01/45		55		48,526
3.00%, 08/01/45		129		112,954
3.00%, 09/01/45		846		743,203
3.00%, 11/01/45		1,921		1,687,436
3.00%, 12/01/45		204		179,308
3.00%, 01/01/46		500		439,537
3.00%, 04/01/46		2,892		2,540,732
3.00%, 06/01/46		57		49,963
3.00%, 07/01/46		70,677		62,088,985
3.00%, 08/01/46		12,410		10,891,949
3.00%, 10/01/46		3,889		3,410,204
3.00%, 11/01/46		47,689		41,867,893
3.00%, 12/01/46		106,133		93,151,921
3.00%, 01/01/47		39,435		34,613,517
3.00%, 02/01/47		64,788		56,860,090
3.00%, 03/01/47		35,188		30,883,091
3.00%, 05/01/47		1,327		1,162,852
3.00%, 07/01/47		16,095		14,125,205
3.00%, 08/01/47		4,950		4,344,456

S C H E D U L E O F I N V E S T M E N T S 107

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 12/01/47	$	25,750	$	22,578,788
3.00%, 03/01/48		3,945		3,457,595
3.00%, 04/01/48		166		142,390
3.00%, 09/01/48		397		348,798
3.00%, 11/01/48		45,115		39,563,921
3.00%, 02/01/49		20,843		18,309,828
3.00%, 09/01/49		9,593		8,359,222
3.00%, 11/01/49		15,127		13,141,762
3.00%, 12/01/49		29,313		25,442,533
3.00%, 02/01/50		7,939		6,813,140
3.00%, 03/01/50		19,177		16,640,662
3.00%, 04/01/50		11,574		10,030,785
3.00%, 05/01/50		8,914		7,646,693
3.00%, 06/01/50		52,734		45,652,310
3.00%, 07/01/50		75,220		65,082,347
3.00%, 08/01/50		65,587		56,831,647
3.00%, 09/01/50		9,775		8,451,818
3.00%, 10/01/50		138,419		118,866,683
3.00%, 11/01/50		18,796		16,252,647
3.00%, 12/01/50		8,670		7,493,438
3.00%, 01/01/51		27,591		23,889,347
3.00%, 05/01/51		68,043		59,311,129
3.00%, 06/01/51		63,867		55,045,223
3.00%, 07/01/51		43,521		37,613,346
3.00%, 08/01/51		61,047		52,476,673
3.00%, 11/01/51		18,441		15,819,651
3.00%, 01/01/52		78,992		67,853,406
3.00%, 02/01/52		94,828		82,037,143
3.00%, 03/01/52		137,922		118,510,681
3.00%, 04/01/52		181,084		155,972,072
3.00%, 05/01/52		61,505		52,870,613
3.00%, 03/13/54(h)		178,877		152,978,892
3.50%, 10/01/25		76		74,576
3.50%, 01/01/27		141		136,688
3.50%, 11/01/28		83		80,772
3.50%, 01/01/29		172		167,529
3.50%, 11/01/29		77		75,116
3.50%, 12/01/29		683		661,329
3.50%, 07/01/30		4,298		4,162,471
3.50%, 10/01/30		1,114		1,077,250
3.50%, 11/01/30		282		271,284
3.50%, 03/01/31		1,790		1,719,108
3.50%, 06/01/31		5,480		5,287,682
3.50%, 01/01/32		6,898		6,619,837
3.50%, 02/01/32		870		836,098
3.50%, 05/01/32		3,420		3,282,541
3.50%, 06/01/32		3,171		3,044,670
3.50%, 07/01/32		1,170		1,118,688
3.50%, 08/01/32		809		776,609
3.50%, 09/01/32		1,845		1,772,374
3.50%, 10/01/32		808		775,598
3.50%, 11/01/32		935		897,952
3.50%, 12/01/32		110		105,203
3.50%, 02/01/33		486		465,671
3.50%, 03/01/33		4,069		3,904,165
3.50%, 04/01/33		4,933		4,735,232
3.50%, 05/01/33		3,585		3,442,234
3.50%, 06/01/33		4,171		3,997,748
3.50%, 10/01/33		567		543,098
3.50%, 01/01/34		1,378		1,321,206
3.50%, 02/01/34		20,535		19,713,236

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.50%, 03/01/34	$	512	$	487,114
3.50%, 04/01/34		1,120		1,076,481
3.50%, 05/01/34		1,755		1,670,331
3.50%, 07/01/34		4,533		4,422,338
3.50%, 08/01/34		5,021		4,775,630
3.50%, 01/01/35		3,476		3,306,004
3.50%, 05/01/35		287		274,696
3.50%, 07/01/38		36,907		34,899,037
3.50%, 08/01/38		856		803,734
3.50%, 09/01/38		1,489		1,397,876
3.50%, 03/18/39(h)		52,091		49,278,692
3.50%, 11/01/40		235		216,457
3.50%, 02/01/41		255		234,928
3.50%, 02/01/42		7,206		6,625,855
3.50%, 03/01/42		53		49,155
3.50%, 04/01/42		24		22,351
3.50%, 05/01/42		2,545		2,340,072
3.50%, 08/01/42		431		395,971
3.50%, 09/01/42		14,808		13,615,059
3.50%, 11/01/42		9,114		8,379,671
3.50%, 12/01/42		3,174		2,917,818
3.50%, 01/01/43		83		76,588
3.50%, 02/01/43		491		456,407
3.50%, 04/01/43		84		77,555
3.50%, 05/01/43		120		110,569
3.50%, 06/01/43		3,224		2,955,124
3.50%, 08/01/43		96		88,469
3.50%, 10/01/43		3,569		3,281,218
3.50%, 09/01/44		208		190,422
3.50%, 10/01/44		4,296		3,937,695
3.50%, 01/01/45		100		91,458
3.50%, 02/01/45		5,137		4,709,915
3.50%, 03/01/45		19,902		18,122,759
3.50%, 05/01/45		22,174		20,229,472
3.50%, 06/01/45		79		71,499
3.50%, 07/01/45		9,109		8,309,184
3.50%, 08/01/45		3,554		3,241,980
3.50%, 10/01/45		1,808		1,661,539
3.50%, 11/01/45		259		235,659
3.50%, 12/01/45		34,095		31,055,288
3.50%, 01/01/46		15,155		13,914,490
3.50%, 02/01/46		15,457		14,067,949
3.50%, 03/01/46		19,128		17,453,564
3.50%, 04/01/46		2,581		2,332,695
3.50%, 05/01/46		15,742		14,329,314
3.50%, 06/01/46		2,985		2,703,356
3.50%, 07/01/46		25,330		23,065,593
3.50%, 08/01/46		8,147		7,392,666
3.50%, 09/01/46		6,385		5,758,879
3.50%, 10/01/46		9,209		8,374,479
3.50%, 11/01/46		13,069		11,888,955
3.50%, 12/01/46		56,289		51,338,007
3.50%, 01/01/47		29,297		26,755,706
3.50%, 02/01/47		12,547		11,414,035
3.50%, 04/01/47		11,589		10,535,437
3.50%, 05/01/47		13,114		11,923,530
3.50%, 06/01/47		8,876		8,072,132
3.50%, 07/01/47		58,560		53,148,422
3.50%, 08/01/47		14,026		12,724,641
3.50%, 09/01/47		15,141		13,721,742
3.50%, 10/01/47		11,481		10,458,540

108 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.50%, 11/01/47	$	16,280	$	14,825,544
3.50%, 12/01/47		15,733		14,262,411
3.50%, 01/01/48		34,629		31,437,548
3.50%, 02/01/48		73,547		66,756,055
3.50%, 03/01/48		2,344		2,121,411
3.50%, 04/01/48		10,730		9,745,821
3.50%, 05/01/48		29,073		26,334,351
3.50%, 06/01/48		3,184		2,881,395
3.50%, 07/01/48		2,466		2,238,069
3.50%, 11/01/48		37,087		33,561,614
3.50%, 02/01/49		101		90,727
3.50%, 03/01/49		1,379		1,244,358
3.50%, 04/01/49		2,364		2,136,328
3.50%, 05/01/49		1,519		1,357,209
3.50%, 06/01/49		79,761		72,290,990
3.50%, 07/01/49		12,666		11,406,430
3.50%, 09/01/49		17,473		15,735,140
3.50%, 04/01/50		44,508		40,192,952
3.50%, 05/01/50		9,913		8,916,642
3.50%, 06/01/50		5,094		4,580,330
3.50%, 07/01/50		22,200		19,860,663
3.50%, 02/01/51		28,031		25,245,132
3.50%, 05/01/51		7,015		6,321,408
3.50%, 07/01/51		3,958		3,541,944
3.50%, 04/01/52		154,804		139,146,061
3.50%, 05/01/52		153,936		137,312,872
3.50%, 06/01/52		65,461		58,584,371
3.50%, 07/01/52		26,255		23,552,375
3.50%, 03/13/54(h)		85,811		76,334,180
4.00%, 10/01/25		295		290,000
4.00%, 11/01/25		10		9,571
4.00%, 03/01/26		140		137,849
4.00%, 06/01/26		210		206,213
4.00%, 09/01/26		79		77,525
4.00%, 12/01/30		919		895,605
4.00%, 01/01/31		337		328,142
4.00%, 02/01/31		240		234,199
4.00%, 10/01/31		1,048		1,020,911
4.00%, 02/01/32		1,392		1,354,807
4.00%, 07/01/32		2,349		2,302,753
4.00%, 05/01/33		4,180		4,074,034
4.00%, 06/01/33		710		691,345
4.00%, 07/01/33		1,234		1,202,299
4.00%, 12/01/33		4,506		4,428,779
4.00%, 07/01/37		4,853		4,677,554
4.00%, 08/01/37		4,854		4,683,827
4.00%, 09/01/37		6,754		6,509,691
4.00%, 11/01/37		9,584		9,237,605
4.00%, 02/01/38		5,104		4,919,492
4.00%, 05/01/38		7,926		7,636,011
4.00%, 06/01/38		6,556		6,298,865
4.00%, 07/01/38		15,943		15,360,837
4.00%, 11/01/38		2,757		2,656,526
4.00%, 03/18/39(h)		55,015		52,983,829
4.00%, 12/01/40		20		19,309
4.00%, 12/01/41		1,032		978,740
4.00%, 03/01/42		2,273		2,153,582
4.00%, 06/01/42		1,706		1,616,800
4.00%, 07/01/42		62		58,800
4.00%, 09/01/43		108		102,244
4.00%, 10/01/43		78		73,727

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 04/01/44	$	39	$	36,423
4.00%, 05/01/44		2,470		2,334,392
4.00%, 06/01/44		4,057		3,845,736
4.00%, 10/01/44		1,212		1,144,535
4.00%, 12/01/44		8,435		7,960,854
4.00%, 01/01/45		11,580		10,952,740
4.00%, 02/01/45		35,683		33,748,960
4.00%, 03/01/45		5,586		5,267,338
4.00%, 05/01/45		10,132		9,566,798
4.00%, 06/01/45		5,532		5,222,896
4.00%, 07/01/45		412		387,925
4.00%, 08/01/45		344		323,808
4.00%, 09/01/45		736		694,038
4.00%, 11/01/45		132		124,292
4.00%, 12/01/45		849		800,755
4.00%, 01/01/46		727		683,610
4.00%, 02/01/46		1,200		1,128,355
4.00%, 03/01/46		1,550		1,455,853
4.00%, 04/01/46		2,264		2,124,421
4.00%, 05/01/46		6,829		6,432,256
4.00%, 06/01/46		17,943		16,957,700
4.00%, 07/01/46		21,246		19,989,530
4.00%, 08/01/46		3,625		3,403,351
4.00%, 09/01/46		138		129,523
4.00%, 10/01/46		3,775		3,565,375
4.00%, 11/01/46		1,337		1,263,744
4.00%, 02/01/47		2,817		2,648,474
4.00%, 03/01/47		2,112		1,973,966
4.00%, 04/01/47		6,082		5,705,958
4.00%, 05/01/47		5,473		5,138,527
4.00%, 06/01/47		10,840		10,186,520
4.00%, 07/01/47		16,910		15,858,174
4.00%, 08/01/47		14,284		13,403,632
4.00%, 09/01/47		14,922		13,993,343
4.00%, 10/01/47		13,190		12,413,755
4.00%, 11/01/47		6,349		5,945,941
4.00%, 12/01/47		9,873		9,248,288
4.00%, 01/01/48		1,968		1,843,639
4.00%, 02/01/48		20,759		19,439,300
4.00%, 04/01/48		21,927		20,488,095
4.00%, 05/01/48		1,797		1,679,370
4.00%, 07/01/48		2,828		2,642,184
4.00%, 09/01/48		10,933		10,214,622
4.00%, 10/01/48		7,768		7,272,082
4.00%, 11/01/48		23,194		21,668,378
4.00%, 01/01/49		2,934		2,748,777
4.00%, 02/01/49		3,170		2,961,549
4.00%, 03/01/49		37,015		34,581,134
4.00%, 04/01/49		11,235		10,531,596
4.00%, 05/01/49		8,314		7,794,119
4.00%, 06/01/49		31,796		29,775,678
4.00%, 07/01/49		56,573		52,897,508
4.00%, 08/01/49		957		898,425
4.00%, 10/01/49		1,704		1,592,127
4.00%, 11/01/49		41,763		38,885,781
4.00%, 12/01/49		3,524		3,289,641
4.00%, 01/01/50		19,593		18,304,156
4.00%, 02/01/50		574		535,874
4.00%, 05/01/50		10,212		9,533,448
4.00%, 03/01/51		7,835		7,313,861
4.00%, 05/01/51		20,082		18,761,051

S C H E D U L E O F I N V E S T M E N T S 109

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 04/01/52	$	16,325	$	15,041,040
4.00%, 05/01/52		34,746		32,011,312
4.00%, 06/01/52		49,038		45,153,629
4.00%, 07/01/52		81,411		75,048,608
4.00%, 08/01/52		181,629		167,187,313
4.00%, 09/01/52		21,372		19,674,540
4.00%, 10/01/52		27,244		25,293,568
4.00%, 11/01/52		4,382		4,036,773
4.00%, 12/01/52		59,061		54,342,416
4.00%, 02/01/53		30,964		28,838,878
4.00%, 03/13/54(h)		124,565		114,596,702
4.50%, 10/01/24		27		26,964
4.50%, 02/01/25		19		18,364
4.50%, 04/01/25		33		32,722
4.50%, 06/01/25		164		161,971
4.50%, 08/01/31		922		910,185
4.50%, 08/01/34		259		253,265
4.50%, 03/18/39(h)		4,200		4,108,454
4.50%, 09/01/40		2,521		2,459,388
4.50%, 12/01/40		1,453		1,417,810
4.50%, 01/01/41		3,018		2,944,417
4.50%, 05/01/41		1,981		1,932,818
4.50%, 06/01/41		11,116		10,916,828
4.50%, 08/01/41		4,028		3,928,770
4.50%, 09/01/41		1,292		1,259,646
4.50%, 01/01/42		1,354		1,321,064
4.50%, 09/01/42		1,252		1,219,235
4.50%, 08/01/43		2,159		2,096,366
4.50%, 12/01/43		71		69,113
4.50%, 03/01/44		13		12,401
4.50%, 04/01/44		3,516		3,416,861
4.50%, 06/01/44		711		693,799
4.50%, 12/01/44		263		256,220
4.50%, 02/01/45		1,441		1,400,067
4.50%, 08/01/45		1,987		1,931,007
4.50%, 10/01/45		363		352,736
4.50%, 11/01/45		184		178,219
4.50%, 12/01/45		590		571,808
4.50%, 01/01/46		72		70,135
4.50%, 02/01/46		7,416		7,235,073
4.50%, 03/01/46		1,274		1,242,885
4.50%, 04/01/46		249		240,669
4.50%, 05/01/46		111		107,553
4.50%, 06/01/46		4		3,951
4.50%, 07/01/46		27		25,888
4.50%, 08/01/46		1,838		1,778,792
4.50%, 09/01/46		691		669,047
4.50%, 10/01/46		889		858,019
4.50%, 01/01/47		400		386,318
4.50%, 02/01/47		146		141,286
4.50%, 03/01/47		1,663		1,603,341
4.50%, 04/01/47		4,927		4,749,864
4.50%, 06/01/47		2,729		2,630,063
4.50%, 07/01/47		18		17,424
4.50%, 08/01/47		219		210,699
4.50%, 10/01/47		6,437		6,208,134
4.50%, 01/01/48		9,350		9,011,952
4.50%, 02/01/48		942		908,068
4.50%, 03/01/48		5,276		5,083,270
4.50%, 04/01/48		2,481		2,385,704
4.50%, 05/01/48		5,205		5,014,400

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.50%, 06/01/48	$	3,351	$	3,227,599
4.50%, 07/01/48		1,963		1,887,364
4.50%, 08/01/48		9,356		9,003,725
4.50%, 09/01/48		269		257,786
4.50%, 10/01/48		12,258		11,785,706
4.50%, 11/01/48		4,564		4,387,784
4.50%, 12/01/48		16,953		16,307,566
4.50%, 01/01/49		5,339		5,132,915
4.50%, 02/01/49		6,627		6,371,766
4.50%, 03/01/49		698		673,411
4.50%, 04/01/49		12,095		11,639,004
4.50%, 05/01/49		10,080		9,684,242
4.50%, 07/01/49		794		758,813
4.50%, 08/01/49		173		165,250
4.50%, 09/01/50		36,091		34,697,929
4.50%, 05/01/52		10,130		9,738,966
4.50%, 06/01/52		80,089		75,810,443
4.50%, 07/01/52		2,311		2,188,421
4.50%, 08/01/52		28,856		27,328,907
4.50%, 09/01/52		72,048		68,439,011
4.50%, 10/01/52		100,748		95,951,984
4.50%, 11/01/52		28,109		26,597,523
4.50%, 12/01/52		166,475		158,354,477
4.50%, 04/01/53		17,354		16,433,583
4.50%, 07/01/53		2,320		2,197,052
4.50%, 08/01/53		23,363		22,163,742
4.50%, 03/13/54(h)		147,595		139,702,735
5.00%, 09/01/33		80		79,637
5.00%, 11/01/33		2,335		2,333,893
5.00%, 06/01/35		116		115,445
5.00%, 10/01/35		43		43,079
5.00%, 12/01/36		34		33,969
5.00%, 03/18/39(h)		975		966,377
5.00%, 05/01/39		26		26,422
5.00%, 06/01/39		472		472,047
5.00%, 12/01/39		75		74,639
5.00%, 01/01/40		2		1,707
5.00%, 03/01/40		1,289		1,286,668
5.00%, 04/01/40		204		203,992
5.00%, 05/01/40		13		12,787
5.00%, 06/01/40		121		119,448
5.00%, 07/01/40		765		764,141
5.00%, 08/01/40		1,089		1,088,168
5.00%, 09/01/40		8		8,278
5.00%, 10/01/40		33		33,057
5.00%, 04/01/41		520		519,471
5.00%, 05/01/41		2,114		2,110,537
5.00%, 06/01/41		547		546,556
5.00%, 08/01/41		994		992,171
5.00%, 10/01/41		2,578		2,573,282
5.00%, 01/01/42		13,510		13,487,568
5.00%, 05/01/42		4,832		4,823,760
5.00%, 09/01/47		432		425,623
5.00%, 02/01/48		1,539		1,517,880
5.00%, 03/01/48		1,314		1,295,657
5.00%, 04/01/48		2,064		2,035,752
5.00%, 05/01/48		1,780		1,756,180
5.00%, 07/01/48		2,232		2,201,927
5.00%, 09/01/48		1,563		1,541,040
5.00%, 01/01/49		124		122,105
5.00%, 04/01/49		6,376		6,288,723

110 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
5.00%, 05/01/49	$	26	$	26,095
5.00%, 06/01/49		240		236,471
5.00%, 09/01/49		65		63,724
5.00%, 10/01/49		178		175,133
5.00%, 08/01/52		14,801		14,446,130
5.00%, 09/01/52		25,371		24,833,199
5.00%, 10/01/52		31,680		30,907,509
5.00%, 11/01/52		36,604		35,724,042
5.00%, 12/01/52		24,302		23,783,130
5.00%, 01/01/53		44,071		42,917,142
5.00%, 02/01/53		51,342		49,812,969
5.00%, 03/01/53		54,532		53,154,131
5.00%, 04/01/53		100,585		97,556,756
5.00%, 05/01/53		77,838		75,529,643
5.00%, 06/01/53		151,701		147,595,311
5.00%, 07/01/53		45,761		44,604,806
5.00%, 08/01/53		37,015		35,901,241
5.00%, 09/01/53		25,151		24,394,301
5.00%, 03/01/54(h)		102,445		99,339,808
5.50%, 05/01/33		862		875,670
5.50%, 11/01/33		1,774		1,801,906
5.50%, 09/01/34		2,644		2,692,607
5.50%, 09/01/36		192		195,422
5.50%, 03/01/38		167		170,395
5.50%, 06/01/38		4,456		4,549,525
5.50%, 11/01/38		346		353,601
5.50%, 07/01/40		1,109		1,131,791
5.50%, 09/01/41		27,800		28,246,658
5.50%, 01/01/47		2,220		2,265,223
5.50%, 12/01/48		210		213,054
5.50%, 09/01/52		12,966		13,052,314
5.50%, 11/01/52		14,383		14,347,487
5.50%, 12/01/52		60,805		60,764,143
5.50%, 01/01/53		81,459		81,540,803
5.50%, 02/01/53		73,820		73,388,513
5.50%, 03/01/53		67,066		67,003,406
5.50%, 04/01/53		63,418		62,963,057
5.50%, 05/01/53		85,927		85,159,873
5.50%, 06/01/53		37,986		37,796,967
5.50%, 07/01/53		46,599		46,413,169
5.50%, 08/01/53		3,171		3,138,912
5.50%, 10/01/53		44,899		44,394,113
5.50%, 11/01/53		31,243		31,118,063
5.50%, 03/13/54(h)		130,080		128,671,597
6.00%, 03/01/34		1,450		1,498,598
6.00%, 05/01/34		127		131,060
6.00%, 08/01/34		244		251,974
6.00%, 11/01/34		79		81,397
6.00%, 09/01/36		340		352,560
6.00%, 08/01/37		816		848,351
6.00%, 03/01/38		281		291,850
6.00%, 05/01/38		134		139,122
6.00%, 09/01/38		109		113,365
6.00%, 06/01/39		2,072		2,141,702
6.00%, 10/01/39		140		145,014
6.00%, 07/01/41		1,176		1,220,098
6.00%, 02/01/49		5,675		5,888,851
6.00%, 01/01/53		12,561		12,791,205
6.00%, 04/01/53		2,481		2,525,302
6.00%, 05/01/53		3,325		3,377,815
6.00%, 06/01/53		17,118		17,311,950

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
6.00%, 07/01/53	$	105,800	$	106,996,103
6.00%, 08/01/53		213,185		216,340,982
6.00%, 09/01/53		86,600		87,535,112
6.00%, 10/01/53		22,171		22,283,861
6.00%, 11/01/53		85,170		85,763,996
6.00%, 02/01/54		5,486		5,542,541
6.00%, 03/13/54(h)		95,625		96,023,831
6.00%, 04/11/54(h)		35,300		35,441,713
6.50%, 08/01/36		20		21,368
6.50%, 09/01/36		157		165,692
6.50%, 10/01/36		22		23,141
6.50%, 12/01/36		33		34,597
6.50%, 07/01/37		38		40,273
6.50%, 08/01/37		1,712		1,812,471
6.50%, 10/01/37		67		70,649
6.50%, 11/01/37		18		18,765
6.50%, 12/01/37		543		572,630
6.50%, 06/01/38		15		16,031
6.50%, 10/01/39		479		507,270
6.50%, 05/01/40		15		15,726
6.50%, 07/01/53		7,814		8,048,057
6.50%, 09/01/53		65,341		66,757,222
6.50%, 10/01/53		56,254		57,829,631
6.50%, 11/01/53		88,018		90,018,621
6.50%, 12/01/53		139,061		142,873,977
6.50%, 01/01/54		24,396		24,957,929
6.50%, 02/01/54		30,441		31,411,474
6.50%, 03/13/54(h)		197,675		201,131,322
7.00%, 04/01/37		598		645,578
				27,236,789,363
U.S. Government Agency Obligations — 0.3%
Federal Home Loan Banks
0.50%, 04/14/25		7,000		6,664,126
1.25%, 12/21/26		180		164,812
1.50%, 08/15/24		1,000		982,649
2.13%, 12/14/29		70		61,980
2.75%, 12/13/24		250		245,405
2.88%, 09/13/24		1,000		987,531
3.13%, 06/13/25		980		957,343
3.25%, 11/16/28		25,470		24,384,401
4.25%, 12/10/27		75		74,381
5.50%, 07/15/36		7,900		8,632,500
Federal Home Loan Mortgage Corp.
6.25%, 07/15/32(b)		73,453		83,253,934
6.75%, 03/15/31		21,820		24,915,046
Federal National Mortgage Association
0.38%, 08/25/25		24,991		23,413,317
0.63%, 04/22/25		5,000		4,762,029
0.88%, 08/05/30		17,530		14,130,670
1.63%, 01/07/25(b)		13,020		12,646,297
1.75%, 07/02/24		1,550		1,531,561
1.88%, 09/24/26		1,285		1,204,207
2.63%, 09/06/24		39,730		39,205,322
5.63%, 07/15/37		795		876,940
6.25%, 05/15/29		580		631,640
6.63%, 11/15/30		8,180		9,233,901
7.13%, 01/15/30		10,000		11,428,586
7.25%, 05/15/30		17,396		20,124,907
Tennessee Valley Authority
1.50%, 09/15/31		1,000		802,231
3.50%, 12/15/42		525		426,596

S C H E D U L E O F I N V E S T M E N T S 111

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
U.S. Government Agency Obligations (continued)
4.63%, 09/15/60	$	1,000	$	931,821
4.88%, 01/15/48		8,035		7,856,119
5.25%, 09/15/39		458		474,423
5.50%, 06/15/38		10,000		10,656,860
5.88%, 04/01/36		95		105,731
6.15%, 01/15/38		3,553		3,997,034
7.13%, 05/01/30		3,556		4,051,322
Series B, 4.70%, 07/15/33		1,500		1,512,977
Series E, 6.75%, 11/01/25		7,000		7,207,048
				328,535,647
U.S. Government Obligations — 42.0%
U.S. Treasury Note/Bond
0.25%, 05/31/25		106,410		100,432,751
0.25%, 06/30/25		4,100		3,858,164
0.25%, 07/31/25		184,800		173,286,093
0.25%, 08/31/25		210,050		196,322,905
0.25%, 09/30/25		116,300		108,345,261
0.25%, 10/31/25		194,300		180,425,766
0.38%, 04/30/25		44,000		41,739,844
0.38%, 11/30/25		291,800		270,712,892
0.38%, 12/31/25(b)		210,900		195,107,215
0.38%, 01/31/26		648,200		597,645,798
0.38%, 07/31/27		119,700		104,625,281
0.38%, 09/30/27		5,000		4,345,313
0.50%, 03/31/25		20,000		19,059,375
0.50%, 02/28/26		204,700		188,707,812
0.50%, 04/30/27		93,800		83,093,610
0.50%, 05/31/27		108,400		95,739,219
0.50%, 06/30/27		136,900		120,568,259
0.50%, 08/31/27		155,022		135,741,577
0.50%, 10/31/27		202,200		176,024,579
0.63%, 07/31/26		76,400		69,655,313
0.63%, 03/31/27		75,600		67,461,188
0.63%, 11/30/27		197,000		171,867,110
0.63%, 12/31/27		187,400		163,008,719
0.63%, 05/15/30		270,400		217,101,626
0.63%, 08/15/30		396,000		315,284,064
0.75%, 03/31/26		20,500		18,954,492
0.75%, 04/30/26		94,000		86,641,563
0.75%, 05/31/26		71,500		65,729,727
0.75%, 08/31/26		244,200		222,756,187
0.75%, 01/31/28		496,300		432,789,109
0.88%, 06/30/26		170,000		156,426,562
0.88%, 09/30/26		190,610		174,080,539
0.88%, 11/15/30		163,800		131,859,000
1.00%, 07/31/28		200,000		173,703,126
1.13%, 01/15/25(b)		157,460		152,164,178
1.13%, 02/28/25		83,700		80,528,555
1.13%, 10/31/26		171,100		156,823,844
1.13%, 02/28/27		40,300		36,613,180
1.13%, 02/29/28		132,340		116,914,119
1.13%, 08/31/28		273,600		238,395,376
1.13%, 02/15/31		257,200		209,738,562
1.13%, 05/15/40		156,500		96,565,391
1.13%, 08/15/40		58,000		35,434,375
1.25%, 11/30/26		214,900		197,237,906
1.25%, 12/31/26		191,230		175,214,487
1.25%, 03/31/28		216,000		191,396,250
1.25%, 04/30/28		169,100		149,494,969
1.25%, 05/31/28		229,110		202,100,080
1.25%, 06/30/28		212,175		186,763,730

Security	Par (000)		Value
U.S. Government Obligations (continued)
1.25%, 09/30/28	$	317,000	$	277,201,642
1.25%, 08/15/31		318,900		258,209,344
1.25%, 05/15/50		205,900		104,590,766
1.38%, 08/31/26		42,500		39,382,227
1.38%, 10/31/28		185,000		162,438,673
1.38%, 12/31/28		196,730		172,015,794
1.38%, 11/15/31		400,250		324,952,969
1.38%, 11/15/40		284,800		180,803,500
1.38%, 08/15/50		18,100		9,502,500
1.50%, 02/15/25		152,720		147,583,597
1.50%, 08/15/26		382,000		355,409,221
1.50%, 01/31/27		325,280		299,460,900
1.50%, 11/30/28		284,200		250,562,267
1.50%, 02/15/30		83,185		71,175,166
1.63%, 02/15/26		207,890		196,261,153
1.63%, 05/15/26		270,000		253,420,312
1.63%, 09/30/26		44,500		41,444,102
1.63%, 10/31/26		76,300		70,875,547
1.63%, 11/30/26		81,200		75,319,344
1.63%, 08/15/29		54,000		47,245,782
1.63%, 05/15/31		390,910		327,692,523
1.63%, 11/15/50		229,500		128,914,453
1.75%, 03/15/25		101,700		98,327,215
1.75%, 12/31/26		91,870		85,367,327
1.75%, 01/31/29		170,700		151,749,634
1.75%, 08/15/41		271,420		180,791,166
1.88%, 06/30/26		80,000		75,375,000
1.88%, 07/31/26		49,900		46,906,000
1.88%, 02/28/27		178,100		165,479,946
1.88%, 02/28/29		159,200		142,173,063
1.88%, 02/15/32		422,760		355,052,344
1.88%, 02/15/41		130,200		89,715,938
1.88%, 02/15/51		575,700		344,790,328
1.88%, 11/15/51		233,450		139,194,562
2.00%, 02/15/25		180,068		174,855,876
2.00%, 08/15/25		184,515		177,228,099
2.00%, 11/15/26		181,000		169,701,642
2.00%, 11/15/41		103,260		71,475,281
2.00%, 02/15/50		102,000		63,526,875
2.00%, 08/15/51		466,600		287,542,250
2.13%, 05/15/25		206,000		199,272,812
2.13%, 05/31/26		105,300		99,870,469
2.25%, 11/15/25		167,829		161,037,170
2.25%, 03/31/26		88,500		84,406,875
2.25%, 02/15/27		161,206		151,571,329
2.25%, 08/15/27		146,750		136,809,981
2.25%, 11/15/27		153,750		142,759,278
2.25%, 05/15/41		276,900		202,180,266
2.25%, 08/15/46		118,960		80,799,863
2.25%, 08/15/49		106,500		70,556,250
2.25%, 02/15/52		252,900		165,530,953
2.38%, 04/30/26		124,400		118,782,563
2.38%, 05/15/27		190,870		179,432,713
2.38%, 03/31/29		244,200		223,175,906
2.38%, 05/15/29		191,600		174,805,062
2.38%, 02/15/42		141,000		103,657,031
2.38%, 11/15/49		229,400		156,063,687
2.38%, 05/15/51		186,000		125,579,062
2.50%, 02/28/26		92,350		88,637,963
2.50%, 03/31/27		116,200		109,881,625
2.50%, 02/15/45		50,824		36,839,459

112 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
U.S. Government Obligations (continued)
2.50%, 02/15/46	$	152,800	$	109,657,875
2.50%, 05/15/46		123,517		88,411,153
2.63%, 03/31/25		5,000		4,875,391
2.63%, 04/15/25		97,100		94,608,020
2.63%, 12/31/25		86,500		83,401,543
2.63%, 01/31/26		86,000		82,828,750
2.63%, 05/31/27		132,700		125,629,578
2.63%, 02/15/29		211,491		195,959,630
2.63%, 07/31/29		145,500		134,041,875
2.75%, 02/28/25		90,500		88,492,031
2.75%, 05/15/25		158,200		154,177,023
2.75%, 06/30/25		16,900		16,445,152
2.75%, 08/31/25		140,808		136,605,761
2.75%, 04/30/27		169,300		161,086,306
2.75%, 07/31/27		119,500		113,356,953
2.75%, 02/15/28		222,702		209,948,832
2.75%, 05/31/29		285,900		265,596,634
2.75%, 08/15/32		404,850		361,455,141
2.75%, 08/15/42		106,523		82,854,921
2.75%, 11/15/42		128,580		99,649,500
2.75%, 08/15/47		219,000		162,812,812
2.75%, 11/15/47		158,550		117,649,055
2.88%, 04/30/25		48,000		46,869,375
2.88%, 05/31/25		116,800		113,930,188
2.88%, 06/15/25		277,400		270,399,986
2.88%, 07/31/25		183,900		178,964,871
2.88%, 11/30/25		110,400		107,010,376
2.88%, 05/15/28		252,994		239,059,566
2.88%, 08/15/28		219,930		207,284,025
2.88%, 04/30/29		176,320		164,996,950
2.88%, 05/15/32		489,500		442,538,594
2.88%, 05/15/43		121,184		95,375,595
2.88%, 08/15/45		153,125		118,241,211
2.88%, 11/15/46		54,000		41,318,438
2.88%, 05/15/49		42,000		31,755,938
2.88%, 05/15/52		205,000		154,454,687
3.00%, 07/15/25		161,030		157,086,023
3.00%, 09/30/25		101,200		98,464,438
3.00%, 10/31/25		106,600		103,618,531
3.00%, 05/15/42		43,150		34,964,984
3.00%, 11/15/44		99,727		79,111,559
3.00%, 05/15/45		121,400		96,019,813
3.00%, 11/15/45		65,100		51,296,766
3.00%, 02/15/47		116,190		90,791,592
3.00%, 05/15/47		152,118		118,699,577
3.00%, 02/15/48		154,550		120,114,328
3.00%, 08/15/48		160,190		124,297,428
3.00%, 02/15/49		32,400		25,110,000
3.00%, 08/15/52		204,180		157,952,372
3.13%, 08/15/25		142,420		139,043,088
3.13%, 08/31/27		39,200		37,619,750
3.13%, 11/15/28		207,515		197,301,371
3.13%, 08/31/29		208,900		197,165,696
3.13%, 11/15/41		53,900		44,863,328
3.13%, 02/15/42		71,800		59,537,906
3.13%, 02/15/43		76,200		62,543,531
3.13%, 08/15/44		60,519		49,105,495
3.13%, 05/15/48		149,460		118,773,994
3.25%, 06/30/27		100,000		96,523,438
3.25%, 06/30/29		175,480		166,939,060
3.25%, 05/15/42		155,200		130,562,000

Security	Par (000)		Value
U.S. Government Obligations (continued)
3.38%, 05/15/33	$	369,303	$	344,605,862
3.38%, 08/15/42		46,000		39,337,188
3.38%, 05/15/44		84,200		71,188,469
3.38%, 11/15/48		248,350		206,285,719
3.50%, 09/15/25		136,970		134,337,608
3.50%, 01/31/28		134,655		130,615,350
3.50%, 04/30/28		153,594		148,842,186
3.50%, 01/31/30		176,500		169,371,056
3.50%, 04/30/30		195,601		187,410,208
3.50%, 02/15/33		373,240		352,128,612
3.50%, 02/15/39		24,000		21,821,250
3.63%, 05/15/26		331,123		324,604,016
3.63%, 03/31/28		128,431		125,079,754
3.63%, 05/31/28		148,400		144,469,719
3.63%, 03/31/30		198,200		191,309,454
3.63%, 08/15/43		73,600		64,883,000
3.63%, 02/15/44		83,950		73,797,297
3.63%, 02/15/53		250,675		219,262,289
3.63%, 05/15/53		249,032		218,019,734
3.75%, 04/15/26		238,673		234,626,748
3.75%, 12/31/28		215,114		210,240,323
3.75%, 05/31/30		179,486		174,283,711
3.75%, 06/30/30		196,443		190,703,181
3.75%, 12/31/30		200,554		194,380,697
3.75%, 08/15/41		52,000		47,425,625
3.75%, 11/15/43		36,600		32,819,906
3.88%, 03/31/25		119,300		117,873,993
3.88%, 04/30/25		153,247		151,379,302
3.88%, 01/15/26		273,074		269,191,229
3.88%, 11/30/27		162,801		160,104,608
3.88%, 12/31/27		162,637		159,930,619
3.88%, 09/30/29		233,630		228,993,905
3.88%, 11/30/29		192,418		188,524,543
3.88%, 12/31/29		174,278		170,697,133
3.88%, 08/15/33		401,438		389,457,585
3.88%, 08/15/40		80,516		75,269,879
3.88%, 02/15/43		184,664		169,140,682
3.88%, 05/15/43		195,987		179,236,236
4.00%, 12/15/25		151,837		149,986,487
4.00%, 02/15/26(b)		267,611		264,433,119
4.00%, 01/15/27		192,225		189,972,363
4.00%, 02/29/28		113,505		112,112,791
4.00%, 06/30/28		145,756		144,002,373
4.00%, 01/31/29(b)		213,069		210,605,390
4.00%, 10/31/29		165,150		162,827,578
4.00%, 02/28/30		202,432		199,442,966
4.00%, 07/31/30		192,635		189,655,177
4.00%, 01/31/31		197,686		194,504,491
4.00%, 02/15/34		213,715		209,540,879
4.00%, 11/15/42		166,665		155,623,444
4.00%, 11/15/52		234,889		220,024,930
4.13%, 01/31/25		117,443		116,419,961
4.13%, 06/15/26		331,572		328,489,418
4.13%, 02/15/27		37,774		37,461,184
4.13%, 09/30/27		267,000		264,851,486
4.13%, 10/31/27		154,214		152,961,011
4.13%, 07/31/28		143,800		142,788,906
4.13%, 08/31/30		179,457		177,858,711
4.13%, 11/15/32		367,597		363,748,719
4.13%, 08/15/53		251,686		241,146,649
4.25%, 05/31/25		139,146		137,999,132

S C H E D U L E O F I N V E S T M E N T S 113

Schedule of Investments (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
U.S. Government Obligations (continued)
4.25%, 10/15/25	$	145,620	$	144,442,525
4.25%, 12/31/25		271,675		269,573,765
4.25%, 01/31/26(b)		314,471		312,137,037
4.25%, 02/28/29(b)		120,671		120,680,428
4.25%, 02/28/31		116,399		116,271,689
4.25%, 05/15/39		37,340		36,925,759
4.25%, 11/15/40		28,889		28,229,970
4.25%, 02/15/54		111,402		109,348,026
4.38%, 08/15/26		209,332		208,645,129
4.38%, 12/15/26		251,049		250,558,671
4.38%, 08/31/28		160,616		161,130,474
4.38%, 11/30/28		199,552		200,409,451
4.38%, 11/30/30		186,847		187,898,014
4.38%, 02/15/38		32,000		32,360,000
4.38%, 11/15/39		50,933		50,909,125
4.38%, 05/15/40		32,403		32,271,363
4.38%, 05/15/41		15,949		15,772,066
4.38%, 08/15/43		205,898		201,651,354
4.50%, 11/15/25		151,817		151,223,965
4.50%, 07/15/26		335,370		335,107,992
4.50%, 11/15/33		411,677		419,524,593
4.50%, 02/15/36		27,685		28,636,672
4.50%, 05/15/38(b)		47,000		48,042,813
4.50%, 08/15/39		50,707		51,499,297
4.50%, 02/15/44(b)		33,953		33,953,000
4.63%, 02/28/25(b)		126,434		125,900,607
4.63%, 06/30/25		116,370		115,997,253
4.63%, 02/28/26		25,448		25,446,012
4.63%, 03/15/26		260,697		260,697,000
4.63%, 09/15/26		288,053		288,885,655
4.63%, 10/15/26		264,788		265,677,524
4.63%, 11/15/26		285,351		286,421,066
4.63%, 09/30/28		170,942		173,252,389
4.63%, 09/30/30		186,122		189,786,277
4.63%, 02/15/40		45,950		47,184,906
4.75%, 07/31/25		7,400		7,390,750
4.75%, 02/15/37		21,977		23,196,037
4.75%, 02/15/41		91,158		94,519,451
4.75%, 11/15/43		161,497		166,240,974
4.75%, 11/15/53		257,241		273,881,277
4.88%, 11/30/25		233,193		233,766,874
4.88%, 10/31/28		187,904		192,498,841
4.88%, 10/31/30(b)		216,343		223,712,183
5.00%, 09/30/25		122,628		123,020,793
5.00%, 10/31/25		232,870		233,779,648
5.00%, 05/15/37		53,658		57,883,568
5.25%, 11/15/28		29,377		30,531,424
5.25%, 02/15/29		60,090		62,460,739
5.50%, 08/15/28		77,000		80,717,656
6.00%, 02/15/26		9,468		9,695,824
6.13%, 08/15/29(b)		14,600		15,860,391
6.25%, 05/15/30		5,000		5,522,656
6.50%, 11/15/26		26,950		28,284,867
6.63%, 02/15/27		28,800		30,507,750
6.75%, 08/15/26		14,400		15,105,375

Security	Par (000)			Value
U.S. Government Obligations (continued)
6.88%, 08/15/25	$	6,265		$	6,446,587
					42,692,680,863
Total U.S. Government & Agency Obligations — 69.1% (Cost: $77,398,022,288)					70,258,005,873
Total Long-Term Investments — 98.9% (Cost: $110,789,143,569)					100,555,960,740
	Shares
Short-Term Securities
Money Market Funds — 5.0%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(i)(j)		3,258,812,006			3,260,441,412
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(i)(j)(k)		1,794,286,638			1,794,286,638
Total Short-Term Securities — 5.0% (Cost: $5,053,171,063)					5,054,728,050
Total Investments Before TBA Sales Commitments — 103.9% (Cost: $115,842,314,632)					105,610,688,790
	Par (000)
TBA Sales Commitments
Mortgage-Backed Securities — (0.2)%
Government National Mortgage Association,
2.00%, 03/20/54(h)	$	(30,800	)		(25,064,693	)
Uniform Mortgage-Backed Securities
2.00%, 03/13/54(h)		(76,781	)		(60,323,974	)
6.00%, 03/13/54(h)		(35,300	)		(35,447,228	)
6.50%, 03/13/54(h)		(53,775	)		(54,715,249	)
Total TBA Sales Commitments — (0.2)% (Proceeds: $(175,162,522))					(175,551,144	)
Total Investments, Net of TBA Sales Commitments — 103.7% (Cost: $115,667,152,110)					105,435,137,646
Liabilities in Excess of Other Assets — (3.7)%					(3,794,229,567	)
Net Assets — 100.0%				$	101,640,908,079

^(a)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

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

^(c)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d)  Zero-coupon bond.

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

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

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

^(h)  Represents or includes a TBA transaction.

⁽ⁱ⁾  Affiliate of the Fund.

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

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

114 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Schedule of Investments  (continued) February 29, 2024 iShares^® Core U.S. Aggregate Bond ETF

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	3,824,049,590	$	—		$	(563,123,475	)(a)	$	412,434	$	(897,137	)	$	3,260,441,412		3,258,812,006	$	192,169,846		$	2,552
BlackRock Cash Funds: Treasury, SL Agency Shares		642,810,889		1,151,475,749	(a)		—			—		—			1,794,286,638		1,794,286,638		5,255,073	(b)		—
									$	412,434	$	(897,137	)	$	5,054,728,050			$	197,424,919		$	2,552

^(a) Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	497,496,485		$	—	$	497,496,485
Collaterized Mortgage Obligations		—		1,048,224,871			—		1,048,224,871
Corporate Bonds & Notes		—		26,130,181,973			—		26,130,181,973
Foreign Government Obligations		—		2,074,460,669			—		2,074,460,669
Municipal Debt Obligations		—		547,590,869			—		547,590,869
U.S. Government & Agency Obligations		—		70,258,005,873			—		70,258,005,873
Short-Term Securities
Money Market Funds		5,054,728,050		—			—		5,054,728,050
Liabilities
Investments
TBA Sales Commitments		—		(175,551,144	)		—		(175,551,144	)
	$	5,054,728,050	$	100,380,409,596		$	—	$	105,435,137,646

See notes to financial statements.

S C H E D U L E O F I N V E S T M E N T S 115

Statement of Assets and Liabilities

February 29, 2024

	iShares Core U.S. Aggregate Bond ETF
ASSETS
Investments, at value — unaffiliated(a)(b)	$	100,555,960,740
Investments, at value — affiliated(c)		5,054,728,050
Cash pledged as collateral for TBA commitments		17,723,000
Foreign currency, at value(d)		78
Receivables:
Investments sold		864,878,618
Securities lending income — affiliated		480,931
TBA sales commitments		175,162,522
Capital shares sold		26,844,678
Dividends — affiliated		13,286,009
Interest — unaffiliated		680,336,031
Total assets		107,389,400,657
LIABILITIES
Bank overdraft		184,247
Collateral on securities loaned, at value		1,794,186,638
TBA sales commitments, at value(e)		175,551,144
Payables:
Investments purchased		3,606,430,958
Capital shares redeemed		169,946,893
Investment advisory fees		2,192,698
Total liabilities		5,748,492,578
Commitments and contingent liabilities
NET ASSETS	$	101,640,908,079
NET ASSETS CONSIST OF
Paid-in capital	$	113,176,699,344
Accumulated loss		(11,535,791,265	)
NET ASSETS	$	101,640,908,079
NET ASSET VALUE
Shares outstanding		1,044,100,000
Net asset value	$	97.35
Shares authorized		Unlimited
Par value		None
(a)   Investments, at cost — unaffiliated	$	110,789,143,569
(b)   Securities loaned, at value	$	1,461,930,981
(c)   Investments, at cost — affiliated	$	5,053,171,063
(d)   Foreign currency, at cost	$	78
(e)   Proceeds from TBA sales commitments	$	175,162,522

See notes to financial statements.

116 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Statement of Operations

Year Ended February 29, 2024

	iShares Core U.S. Aggregate Bond ETF
INVESTMENT INCOME
Dividends — affiliated	$	192,176,214
Interest — unaffiliated		2,922,537,659
Securities lending income — affiliated — net		5,248,705
Other income — unaffiliated		88,122
Total investment income		3,120,050,700
EXPENSES
Investment advisory		27,909,044
Interest expense		9,636
Total expenses		27,918,680
Less:
Investment advisory fees waived		(3,227,736	)
Total expenses after fees waived		24,690,944
Net investment income		3,095,359,756
REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Investments — unaffiliated		(539,751,388	)
Investments — affiliated		412,434
Capital gain distributions from underlying funds — affiliated		2,552
In-kind redemptions — unaffiliated(a)		(70,940,555	)
		(610,276,957	)
Net change in unrealized appreciation (depreciation) on:
Investments — unaffiliated		507,247,310
Investments — affiliated		(897,137	)
		506,350,173
Net realized and unrealized loss		(103,926,784	)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	2,991,432,972

^(a)  See Note 2 of the Notes to Financial Statements.

See notes to financial statements.

F I N A N C I A L S T A T E M E N T S 117

Statements of Changes in Net Assets

	iShares Core U.S. Aggregate Bond ETF
	Year Ended 02/29/24			Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income	$	3,095,359,756		$	2,042,450,505
Net realized loss		(610,276,957	)		(1,219,119,565	)
Net change in unrealized appreciation (depreciation)		506,350,173			(9,419,957,653	)
Net increase (decrease) in net assets resulting from operations		2,991,432,972			(8,596,626,713	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders		(3,006,081,368	)		(1,958,102,477	)
CAPITAL SHARE TRANSACTIONS
Net increase in net assets derived from capital share transactions		15,936,200,479			8,351,623,889
NET ASSETS
Total increase (decrease) in net assets		15,921,552,083			(2,203,105,301	)
Beginning of year		85,719,355,996			87,922,461,297
End of year	$	101,640,908,079		$	85,719,355,996

^(a)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

118 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Financial Highlights

(For a share outstanding throughout each period)

	iShares Core U.S. Aggregate Bond ETF
	Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year	$	97.33		$	110.34		$	115.40		$	116.32		$	107.07
Net investment income(a)		3.23			2.50			1.99			2.38			3.02
Net realized and unrealized gain (loss)(b)		(0.05	)		(13.11	)		(5.06	)		(0.82	)		9.24
Net increase (decrease) from investment operations		3.18			(10.61	)		(3.07	)		1.56			12.26
Distributions from net investment income(c)		(3.16	)		(2.40	)		(1.99	)		(2.48	)		(3.01	)
Net asset value, end of year	$	97.35		$	97.33		$	110.34		$	115.40		$	116.32
Total Return(d)
Based on net asset value		3.32	%		(9.67	)%(e)		(2.68	)%		1.31	%		11.61	%
Ratios to Average Net Assets(f)
Total expenses		0.03	%		0.03	%		0.04	%		0.04	%		0.05	%
Total expenses after fees waived		0.03	%		0.03	%		0.03	%		0.03	%		0.05	%
Net investment income		3.33	%		2.48	%		1.74	%		2.03	%		2.70	%
Supplemental Data
Net assets, end of year (000)	$	101,640,908		$	85,719,356		$	87,922,461		$	85,958,288		$	76,413,081
Portfolio turnover rate(g)(h)		89	%		104	%		163	%		179	%		108	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Includes payment received from an affiliate, which had no impact on the Fund’s total return.

^(f)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(g)  Portfolio turnover rate excludes in-kind transactions, if any.

^(h)  Includes mortgage dollar roll transactions (“MDRs”).

See notes to financial statements.

F I N A N C I A L H I G H L I G H T S 119

Notes to Financial Statements

1. ORGANIZATION

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

These financial statements relate only to the following fund (the “Fund”):

iShares ETF	Diversification  Classification
Core U.S. Aggregate Bond	Diversified

2. SIGNIFICANT ACCOUNTING POLICIES

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

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the “trade dates”). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

Bank Overdraft: The Fund had outstanding cash disbursements exceeding deposited cash amounts at the custodian during the reporting period. The Fund is obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statement of Operations.

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

Distributions: Dividends and distributions paid by the Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Fund.

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

3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

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

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

• Fixed-income investments for which market quotations are readily available are generally valued using the last available bid price or current market quotations provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

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Notes to Financial Statements  (continued)

• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV.

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

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

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

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

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

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

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

4. SECURITIES AND OTHER INVESTMENTS

Asset-Backed and Mortgage-Backed Securities: Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the “Mortgage Assets”) there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower’s ability to repay its loans.

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

TBA Commitments: TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet

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Notes to Financial Statements  (continued)

specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the “in-the-money” party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Fund’s investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statement of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

Mortgage Dollar RollTransactions: The Fund may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

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

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

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

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Notes to Financial Statements  (continued)

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

iShares ETF and Counterparty		Securities Loaned at Value		Cash Collateral Received	(a)		Non-Cash Collateral Received, at Fair Value	(a)		Net Amount
Core U.S. Aggregate Bond
Barclays Bank PLC	$	97,083,872	$	(97,083,872	)	$	—		$	—
Barclays Capital, Inc.		110,935,030		(110,935,030	)		—			—
BMO Capital Markets Corp.		17,765,884		(17,765,884	)		—			—
BNP Paribas SA		47,012,659		(47,012,659	)		—			—
BofA Securities, Inc.		144,370,509		(144,370,509	)		—			—
Citigroup Global Markets, Inc.		168,048,384		(168,048,384	)		—			—
Credit Agricole Corporate & Investment Bank SA		36,932,244		(36,932,244	)		—			—
Deutsche Bank Securities, Inc.		44,506,768		(44,506,768	)		—			—
Goldman Sachs & Co. LLC		291,970,171		(291,970,171	)		—			—
HSBC Securities (USA), Inc.		4,302,376		(4,302,376	)		—			—
J.P. Morgan Securities LLC		291,846,973		(291,846,973	)		—			—
Jefferies LLC		855,172		(855,172	)		—			—
Mitsubishi UFJ Securities Holdings Co., Ltd.		3,468,516		(3,468,516	)		—			—
Mizuho Securities USA LLC		163,491		(163,491	)		—			—
Morgan Stanley		65,357,430		(65,357,430	)		—			—
Nomura Securities International, Inc.		20,460,296		(20,460,296	)		—			—
Pershing LLC		6,480,869		(6,480,869	)		—			—
RBC Capital Markets LLC		17,916,455		(17,916,455	)		—			—
Scotia Capital (USA), Inc.		2,398,182		(2,263,679	)		—			134,503	(b)
State Street Bank & Trust Co.		897,746		(897,746	)		—			—
TD Securities (USA) LLC		13,737,188		(13,737,188	)		—			—
Toronto-Dominion Bank (The)		27,465,799		(27,465,799	)		—			—
UBS AG		1,181,673		(1,181,673	)		—			—
UBS Securities LLC		2,892,369		(2,892,369	)		—			—
Wells Fargo Bank N.A.		11,749,297		(11,749,297	)		—			—
Wells Fargo Securities LLC		32,131,628		(32,131,628	)		—			—
	$	1,461,930,981	$	(1,461,796,478	)	$	—		$	134,503

^(a)  Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by the Fund is disclosed in the Fund’s Statements of Assets and Liabilities.

^(b)  The market value of the loaned securities is determined as of February 29, 2024. Additional collateral is delivered to the Fund on the next business day in accordance with the MSLA. The net amount would be subject to the borrower default indemnity in the event of default by a counterparty.

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

5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES

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

For its investment advisory services to the Fund, BFA is entitled to an annual investment advisory fee of 0.03%, accrued daily and paid monthly by the Fund, based on the average daily net assets of the Fund.

Expense Waivers: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies (“acquired fund fees and expenses”). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund’s total annual operating expenses. Total expenses as shown in the Statement of Operations does not include acquired fund fees and expenses.

BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through June 30, 2026 in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA or its affiliates.

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Notes to Financial Statements  (continued)

This amount is included in investment advisory fees waived in the Statement of Operations. For the year ended February 29, 2024, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

iShares ETF	Amounts Waived
Core U.S. Aggregate Bond	$	3,227,736

Distributor: BlackRock Investments, LLC (“BRIL”), an affiliate of BFA, is the distributor for the Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Fund.

ETF Servicing Fees: Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units (“ETF Services”). BRIL is entitled to a transaction fee fromAuthorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

Prior to January 26, 2024 (date of conversion for the fund), ETF Services were performed by State Street Bank and Trust Company.

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

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

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

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

The share of securities lending income earned by the Fund is shown as securities lending income – affiliated – net in its Statement of Operations. For the year ended February 29, 2024, the Fund paid BTC $1,298,661 for securities lending agent services.

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

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

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

6. PURCHASES AND SALES

For the year ended February 29, 2024, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

	U.S. Government Securities				Other Securities
iShares ETF	Purchases		Sales		Purchases		Sales
Core U.S. Aggregate Bond	$	82,525,708,432	$	78,507,490,714	$	3,258,479,467	$	3,190,627,202

For the year ended February 29, 2024, in-kind transactions were as follows:

iShares ETF	In-kind Purchases		In-kind Sales
Core U.S. Aggregate Bond	$	17,762,496,921	$	6,094,795,802

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Notes to Financial Statements  (continued)

7. INCOME TAX INFORMATION

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

Management has analyzed tax laws and regulations and their application to the Fund as of February 29, 2024, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Fund’s financial statements.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 29, 2024, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

iShares ETF	Paid-in Capital			Accumulated Earnings (Loss)
Core U.S. Aggregate Bond	$	(70,940,572	)	$	70,940,572

The tax character of distributions paid was as follows:

iShares ETF	Year Ended 02/29/24		Year Ended 02/28/23
Core U.S. Aggregate Bond
Ordinary income	$	3,006,081,368	$	1,958,102,477

As of February 29, 2024, the tax components of accumulated net earnings (losses) were as follows:

iShares ETF		Undistributed Ordinary Income		Non-expiring Capital Loss Carryforwards	(a)		Net Unrealized Gains (Losses)	(b)		Total
Core U.S. Aggregate Bond	$	301,320,365	$	(1,591,095,355)		$	(10,246,016,275	)	$	(11,535,791,265	)

^(a)  Amounts available to offset future realized capital gains.

^(b)  The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and TBA transactions.

As of February 29, 2024, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Core U.S. Aggregate Bond	$	115,856,316,443	$	149,541,456	$	(10,395,557,731	)	$	(10,246,016,275	)

8. PRINCIPAL RISKS

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

BFA uses an indexing approach to try to achieve the Fund’s investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

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

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

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Notes to Financial Statements  (continued)

Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.

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

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

The Fund invests a significant portion of its assets in fixed-income securities and/or uses derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Fund may be subject to a greater risk of rising interest rates due to the period of historically low interest rates that ended in March 2022. The Federal Reserve has recently raised the federal funds rate as part of its efforts to address inflation. There is a risk that interest rates will continue to rise, which will likely drive down the prices of bonds and other fixed-income securities, and could negatively impact the Fund’s performance.

The Fund invests a significant portion of its assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

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

LIBOR Transition Risk: The Fund may be exposed to financial instruments that recently transitioned from, or continue to be tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, has ceased publishing all LIBOR settings, but some USD LIBOR settings will continue to be published under a synthetic methodology until September 30, 2024 for certain legacy contracts. The Secured Overnight Financing Rate (“SOFR”) has been used increasingly on a voluntary basis in new instruments and transactions. Under U.S. regulations that implement a statutory fallback mechanism to replace LIBOR, benchmark rates based on SOFR have replaced LIBOR in certain financial contracts. The ultimate effect of the LIBOR transition process on the Fund is uncertain.

9. CAPITAL SHARE TRANSACTIONS

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

Transactions in capital shares were as follows:

	Year Ended 02/29/24						Year Ended 02/28/23
iShares ETF	Shares			Amount			Shares			Amount
Core U.S. Aggregate Bond
Shares sold		250,400,000		$	24,342,335,867			172,600,000		$	17,350,936,843
Shares redeemed		(87,000,000	)		(8,406,135,388	)		(88,700,000	)		(8,999,312,954	)
		163,400,000		$	15,936,200,479			83,900,000		$	8,351,623,889

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional

126 2 0 2 4 I S H A R E S A N N U A L R E P O R T T O S H A R E H O L D E R S

Notes to Financial Statements  (continued)

variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

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

10. SUBSEQUENT EVENTS

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

N O T E S T O F I N A N C I A L S T A T E M E N T S 127

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of iShares Core U.S. Aggregate Bond ETF

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of iShares Core U.S. Aggregate Bond ETF (one of the funds constituting iShares Trust, referred to hereafter as the “Fund”) as of February 29, 2024, the related statement of operations for the year ended February 29, 2024, the statement of changes in net assets for each of the two years in the period ended February 29, 2024, including the related notes, and the financial highlights for each of the five years in the period ended February 29, 2024 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of February 29, 2024, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended February 29, 2024 and the financial highlights for each of the five years in the period ended February 29, 2024 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 29, 2024 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 19, 2024

We have served as the auditor of one or more BlackRock investment companies since 2000.

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Important Tax Information (unaudited)

The Fund hereby designates the following amount, or maximum amount allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 29, 2024:

iShares ETF	Federal Obligation Interest
Core U.S. Aggregate Bond	$	1,062,944,790

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Fund hereby designates the following amount, or maximum amount allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 29, 2024:

iShares ETF	Interest Dividends
Core U.S. Aggregate Bond	$	3,093,923,648

The Fund hereby designates the following amount, or maximum amount allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 29, 2024:

iShares ETF	Interest-Related Dividends
Core U.S. Aggregate Bond	$	2,904,066,212

I M P O R T A N T T A X I N F O R M A T I O N 129

Statement Regarding Liquidity Risk Management Program (unaudited)

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares Core U.S. Aggregate Bond ETF (the “Fund” or “ETF”), a series of the Trust, which is reasonably designed to assess and manage the Fund’s liquidity risk.

The Board of Trustees (the “Board”) of the Trust, on behalf of the Fund, met on December 8, 2023 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Fund, as the program administrator for the Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40Act Liquidity Risk Management Committee (the “Committee”).At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of the Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2022 through September 30, 2023 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology for categorizing the Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish the Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to the Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays, delays in the repatriation of the local currency in certain non-U.S. countries, the continued illiquidity of Russian equity securities and the suspension of select sanctions in Venezuela.

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

a) The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether the Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes.

b) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size utilized for liquidity classifications. The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections.

c) Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. The Committee also considered that ETFs generally do not engage in borrowing.

d) The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period.

e) The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. There were no ETFs for which the custom baskets accepted by the ETF had a significant change in its liquidity profile.

There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

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Supplemental Information (unaudited)

Tailored Shareholder Reports for Open-End Mutual Funds and ETFs

Effective January 24, 2023, the SEC adopted rule and form amendments to require open-end mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will no longer appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds.

Premium/Discount Information

Information on the Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at iShares.com.

Regulation under the Alternative Investment Fund Managers Directive

The Alternative Investment Fund Managers Directive, and its United Kingdom (“UK”) equivalent, (the “AIFMD”) impose detailed and prescriptive obligations on fund managers established in the European Union (the “EU”) and the UK. These do not currently apply to managers established outside of the EU or UK, such as BFA (the “Company”). However, the Company is required to comply with certain disclosure, reporting and transparency obligations of the AIFMD because it has registered the iShares Core U.S. Aggregate Bond ETF (the “Fund”) to be marketed to investors in the EU and/or UK.

Report on Remuneration

BlackRock has a clear and well-defined pay-for-performance philosophy, and compensation programs which support that philosophy.

BlackRock operates a total compensation model for remuneration which includes a base salary, which is contractual, and a discretionary bonus scheme. Although all employees are eligible to receive a discretionary bonus, there is no contractual obligation to make a discretionary bonus award to any employees. For senior management and staff who have the ability to materially affect the risk profile of the Fund, a significant percentage of variable remuneration is deferred over time.All employees are subject to a clawback policy.

Remuneration decisions for employees are made once annually in January following the end of the performance year, based on BlackRock’s full-year financial results and other non-financial goals and objectives. Alongside financial performance, individual total compensation is also based on strategic and operating results and other considerations such as management and leadership capabilities. No set formulas are established and no fixed benchmarks are used in determining annual incentive awards.

Annual incentive awards are paid from a bonus pool which is reviewed throughout the year by BlackRock’s independent compensation committee, taking into account both actual and projected financial information together with information provided by the Enterprise Risk and Regulatory Compliance departments in relation to any activities, incidents or events that warrant consideration in making compensation decisions. Individuals are not involved in setting their own remuneration.

Each of the control functions (Enterprise Risk, Legal & Compliance, Finance, Human Resources and Internal Audit) each have their own organizational structures which are independent of the business units and therefore staff members in control functions are remunerated independently of the businesses they oversee. Functional bonus pools for those control functions are determined with reference to the performance of each individual function and the remuneration of the senior members of control functions is directly overseen by BlackRock’s independent remuneration committee.

The Company is required under the AIFMD to make quantitative disclosures of remuneration. These disclosures are made in line with BlackRock’s interpretation of currently available regulatory guidance on quantitative remuneration disclosures. As market or regulatory practice develops BlackRock may consider it appropriate to make changes to the way in which quantitative remuneration disclosures are calculated. Where such changes are made, this may result in disclosures in relation to a fund not being comparable to the disclosures made in the prior year, or in relation to other BlackRock fund disclosures in that same year. BlackRock bases its proportionality approach on a combination of factors that it is entitled to take into account based on relevant guidelines.

Remuneration information at an individual AIF level is not readily available. Disclosures are provided in relation to (a) the staff of the Company; (b) staff who are senior management; (c) staff who have the ability to materially affect the risk profile of the Fund; and (d) staff of companies to which portfolio management and risk management has been formally delegated.

All individuals included in the aggregated figures disclosed are rewarded in line with BlackRock’s remuneration policy for their responsibilities across the relevant BlackRock business area.As all individuals have a number of areas of responsibilities, only the portion of remuneration for those individuals’ services attributable to the Fund is included in the aggregate figures disclosed.

Members of staff and senior management of the Company typically provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the Company and across the broader BlackRock group. Conversely, members of staff and senior management of the broader BlackRock group may provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the broader BlackRock group and of the Company. Therefore, the figures disclosed are a sum of individuals’ portion of remuneration attributable to the Company according to an objective apportionment methodology which acknowledges the multiple-service nature of the Company and the broader BlackRock group. Accordingly, the figures are not representative of any individual’s actual remuneration or their remuneration structure.

S U P P L E M E N T A L I N F O R M A T I O N 131

Supplemental Information (unaudited) (continued)

The amount of the total remuneration awarded to the Company’s staff in respect of the Company’s financial year ending December 31, 2023 was USD 5.43m. This figure is comprised of fixed remuneration of USD 0.74m and variable remuneration of USD 4.68m. There was a total of 8 beneficiaries of the remuneration described above.

The amount of the aggregate remuneration awarded by the Company in respect of the Company’s financial year ending December 31, 2023, to its senior management was USD 3.66m, and to other members of its staff whose actions potentially have a material impact on the risk profile of the Company or its funds was USD 1.77m.

Disclosures Under the EU Sustainable Finance Disclosure Regulation

The Fund is registered under the Alternative Investment Fund Managers Directive to be marketed to European Union (“EU”) investors, as noted above. As a result, certain disclosures are required under the EU Sustainable Finance Disclosure Regulation (“SFDR”).

The Fund has not been categorized under the SFDR as an “Article 8” or “Article 9” product. In addition, the Fund’s investment strategy does not take into account the criteria for environmentally sustainable economic activities under the EU sustainable investment taxonomy regulation or principal adverse impacts (“PAIs”) on sustainability factors under the SFDR. PAIs are identified under the SFDR as the material impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, and anti-corruption and anti-bribery matters.

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Trustee and Officer Information (unaudited)

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BFA and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as independent trustees (“Independent Trustees”).

The registered investment companies advised by BFA or its affiliates (the “BlackRock-advised Funds”) are organized into one complex of open-end equity, multi-asset, index and money market funds and ETFs (the “BlackRock Multi-Asset Complex”), one complex of closed-end funds and open-end non-index fixed-income funds (including ETFs) (the “BlackRock Fixed-Income Complex”) and one complex of ETFs (“Exchange-Traded Fund Complex”) (each, a “BlackRock Fund Complex”). Each Fundis included in the Exchange-Traded Fund Complex. Each Trustee also serves as a Director of iShares, Inc. and a Trustee of iShares U.S. ETF Trust and, as a result, oversees all of the funds within the Exchange-Traded Fund Complex, which consists of 401 funds as of February 29, 2024. With the exception of Robert S. Kapito and Aaron Wasserman, the address of each Trustee and officer is c/o BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. The address of Mr. Kapito and Mr. Wasserman is c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001. The Board has designated John E. Kerrigan as its Independent Board Chair. Additional information about the Funds’ Trustees and officers may be found in the Funds’ combined Statement of Additional Information, which is available without charge, upon request, by calling toll-free 1-800-iShares (1-800-474-2737).

Interested Trustees
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
Robert S Kapito(a) (1957)	Trustee (since 2009)	President, of BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002)	Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011)

^(a)  Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates.

Independent Trustees
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E Kerrigan (1955)	Trustee (since 2005); Independent Board Chair (since 2022)	Chief Investment Officer, Santa Clara University (since 2002)	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022)
Jane D. Carlin (1956)	Trustee (since 2015); Risk Committee Chair (since 2016)	Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012)	Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016)
Richard L Fagnani (1954)	Trustee (since 2017); Audit Committee Chair (since 2019)	Partner, KPMG LLP (2002-2016); Director of One Generation Away (since 2021)	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017)
Cecilia H Herbert (1949)	Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022)	Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York’s public media company (since 2011) and Member of the Audit Committee (since 2018), Investment Committee (since 2011) and Personnel Committee (since 2022); Member of the Wyoming State Investment Funds Committee (since 2022); Director of the Jackson Hole Center for the Arts (since 2021); Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018)	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011)
Drew E Lawton (1959)	Trustee (since 2017); 15(c) Committee Chair (since 2017)	Senior Managing Director of New York Life Insurance Company (2010-2015)	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Director of Jackson Financial Inc. (since 2021)

T R U S T E E A N D O F F I C E R I N F O R M A T I O N 133

Trustee and Officer Information (unaudited) (continued)

Independent Trustees (continued)
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E Martinez (1961)	Trustee (since 2003); Securities Lending Committee Chair (since 2019)	Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016)	Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011)
Madhav V Rajan (1964)	Trustee (since 2011); Fixed-Income Plus Committee Chair (since 2019)	Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016)	Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011)
Officers
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years
Dominik Rohé (1973)	President (since 2023)	Managing Director, BlackRock, Inc. (since 2005); Head of Americas ETF and Index Investments (since 2023); Head of Latin America (2019-2023)
Trent Walker (1974)	Treasurer and Chief Financial Officer (since 2020)	Managing Director, BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds
Aaron Wasserman (1974)	Chief Compliance Officer (iShares, Inc. and iShares Trust, since 2023; iShares U.S. ETF Trust, since 2023)	Managing Director of BlackRock, Inc. (since 2018); Chief Compliance Officer of the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (since 2023); Deputy Chief Compliance Officer for the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (2014-2023)
Marisa Rolland (1980)	Secretary (since 2022)	Managing Director, of BlackRock, Inc. (since 2023); Director, of BlackRock, Inc. (2018-2022); Vice President, BlackRock, Inc. (2010-2017)
Rachel Aguirre (1982)	Executive Vice President (since 2022)	Managing Director, of BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering of BlackRock, Inc. (since 2021); Co-Head of EII’s Americas Portfolio Engineering of BlackRock, Inc. (2020-2021); Head of Developed Markets Portfolio Engineering of BlackRock, Inc. (2016-2019)
Jennifer Hsui (1976)	Executive Vice President (since 2022)	Managing Director of BlackRock, Inc. (since 2009); Co-Head of Index Equity of BlackRock, Inc. (since 2022)
James Mauro (1970)	Executive Vice President (since 2022)	Managing Director, of BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management of BlackRock, Inc. (since 2020)

Effective July 1, 2023, Aaron Wasserman replaced Charles Park as Chief Compliance Officer

Effective February 1, 2024, Salim Ramji resigned as Trustee of the Trust

Effective March 5, 2024, Stephen Cohen replaced Salim Ramji as Trustee of the Trust

Effective March 5, 2024, Dominik Rohé resigned as President of the Trust

Effective March 5, 2024, Jessica Tan replaced Dominik Rohé as President of the Trust

Effective April 8, 2024, Laura Fergerson was appointed as Trustee of the Trust

Effective April 8, 2024, James Lam was appointed as Trustee of the Trust

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General Information

Electronic Delivery

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

To enroll in electronic delivery:

• Go to icsdelivery.com.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

Householding

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

Availability of Quarterly Schedule of Investments

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

Availability of Proxy Voting Policies and Proxy Voting Records

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

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

G E N E R A L I N F O R M A T I O N 135

Glossary of Terms Used in this Report

Portfolio Abbreviation
AGM	Assured Guaranty Municipal Corp.
BAB	Build America Bond
BAM	Build America Mutual Assurance Co.
CMT	Constant Maturity Treasury
GO	General Obligation
GOL	General Obligation Limited
LIBOR	London Interbank Offered Rate
NPFGC	National Public Finance Guarantee Corp.
PSF	Permanent School Fund
RB	Revenue Bond
REIT	Real Estate Investment Trust
SAP	Subject to Appropriations
SCA	Svenska Celluosa Aktiebolaget
SOFR	Secured Overnight Financing Rate
TBA	To-Be-Announced

 

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Want to know more?

iShares.com | 1-800-474-2737

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

Investing involves risk, including possible loss of principal.

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

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.

^©2024 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

iS-AR-211-0224

FEBRUARY 29, 2024

2024 Annual Report

iShares Trust

· iShares BBB Rated Corporate Bond ETF | LQDB | NYSE Arca

· iShares Broad USD Investment Grade Corporate Bond ETF | USIG | NASDAQ

· iShares 1-5 Year Investment Grade Corporate Bond ETF | IGSB | NASDAQ

· iShares 5-10 Year Investment Grade Corporate Bond ETF | IGIB | NASDAQ

· iShares 10+ Year Investment Grade Corporate Bond ETF | IGLB | NYSE Arca

The Markets in Review

Dear Shareholder,

The combination of continued economic growth and cooling inflation provided a supportive backdrop for investors during the 12-month reporting period ended February 29, 2024. Significantly tighter monetary policy helped to rein in inflation, and the Consumer Price Index decelerated substantially while remaining above pre-pandemic levels. A moderating labor market helped ease inflationary pressure, although wages continued to grow. Wage and job growth powered robust consumer spending, backstopping the economy. On October 7, 2023, Hamas launched a horrific attack on Israel. The ensuing war will have a significant humanitarian impact and could lead to heightened economic and market volatility. We see geopolitics as a structural market risk going forward. See our geopolitical risk dashboard at blackrock.com for more details.

Equity returns were robust during the period, as interest rates stabilized and the economy proved to be more resilient than many investors expected. The U.S. economy continued to show strength, and growth further accelerated in the second half of 2023. Large-capitalization U.S. stocks posted particularly substantial gains, supported by the performance of a few notable technology companies, while small-capitalization U.S. stocks advanced at a significantly slower pace. Meanwhile, international developed market equities also gained strongly, while emerging market stocks advanced at a more modest pace.

The 10-year U.S. Treasury yield rose during the reporting period, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. However, higher yields drove positive returns overall for 10-year U.S. Treasuries and solid gains in shorter-duration U.S. Treasuries. The corporate bond market benefited from improving economic sentiment, although high-yield corporate bond prices fared significantly better than investment-grade bonds as demand from yield-seeking investors remained strong.

The U.S. Federal Reserve (the “Fed”), attempting to manage persistent inflation, raised interest rates three times during the 12-month period, but paused its tightening after its July meeting. The Fed also continued to reduce its balance sheet by not replacing some of the securities that reach maturity.

Supply constraints appear to have become an embedded feature of the new macroeconomic environment, making it difficult for developed economies to increase production without sparking higher inflation. Geopolitical fragmentation and an aging population risk further exacerbating these constraints, keeping the labor market tight and wage growth high. Although the Fed has stopped tightening for now, we believe that the new economic regime means that the Fed will need to maintain high rates for an extended period despite the market’s hopes for rapid interest rate cuts, as reflected in the recent rally. In this new regime, we anticipate greater volatility and dispersion of returns, creating more opportunities for selective portfolio management.

Looking at developed market stocks, we have an overweight stance on U.S. stocks overall, particularly given the promise of emerging AI technologies. We are also overweight Japanese stocks as shareholder-friendly policies generate increased investor interest, although we maintain an underweight stance on European stocks. In credit, there are selective opportunities in the near term despite tighter credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most attractive investments in short-term U.S. Treasuries and hard-currency emerging market bonds.

Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

Rob Kapito

President, BlackRock Inc.

Rob Kapitos

President, BlackRock Inc.

Total Returns as of February 29, 2024
	6-Month			12-Month
U.S. large cap equities (S&P 500® Index)		13.93	%		30.45	%
U.S. small cap equities (Russell 2000® Index)		8.97			10.05
International equities (MSCI Europe, Australasia, Far East Index)		9.23			14.41
Emerging market equities (MSCI Emerging Markets Index)		4.93			8.73
3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)		2.69			5.22
U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)		0.58			0.69
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)		2.35			3.33
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)		4.33			5.42
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)		6.18			11.01
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

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

Table of Contents

	Page
The Markets in Review		2
Annual Report:
Market Overview		4
Fund Summary		5
About Fund Performance		15
Disclosure of Expenses		15
Schedules of Investments		16
Financial Statements
Statements of Assets and Liabilities		258
Statements of Operations		260
Statements of Changes in Net Assets		262
Financial Highlights		265
Notes to Financial Statements		270
Report of Independent Registered Public Accounting Firm		280
Important Tax Information		281
Statement Regarding Liquidity Risk Management Program		282
Supplemental Information		283
Trustee and Officer Information		285
General Information		287
Glossary of Terms Used in this Report		288

Market Overview

iShares Trust

U.S. Corporate Bond Market Overview

Investment-grade corporate bonds produced a solid gain during the 12 months ended February 29, 2024 (the “reporting period”). The Markit iBoxx USD Liquid Investment Grade Index returned 6.27% for the reporting period and strongly outperformed the 3.33% of the Bloomberg U.S. Aggregate Bond Index, a broad measure of the overall bond market.

The 12-month gain for the index belies the challenging environment for the bond market through the first eight months of the period. During this time, yields drifted steadily higher (as prices fell) in response to better-than-expected economic growth and continued interest rate increases by the U.S. Federal Reserve (Fed). The Fed raised rates by a quarter-point at its meetings in March, May, and July 2023, moving its benchmark fed funds rate to a range of 5.25% - 5.50%. Although the Fed’s aggressive actions contributed to a decline in inflation, U.S. economic growth remained robust behind persistent strength in the labor market. This trend gave rise to expectations that the central bank would need to keep rates “higher for longer,” fueling a sharp sell-off in the bond market in the span from August through October 2023.

The investment backdrop improved considerably in the final two months of 2023, touching off a rally that helped the fixed-income market quickly recover its earlier losses. The headline Consumer Price Index fell to its lowest levels since early 2021 in the November report, surprising the markets and causing the consensus to shift toward the view that the Fed was in fact finished raising rates. In December, Fed Chairman Jerome Powell provided another positive surprise with this suggestion that rate cuts could begin as early as the first half of 2024. Bond prices moved surged in response, with the credit sectors leading the way amid a pronounced improvement in investor sentiment. While yields crept higher in January and February, broad-based indexes such as the Bloomberg U.S. Aggregate Bond Index finished in positive territory on the strength of their earlier advance.

Corporate bonds were the top-performing segment of the investment-grade market in the 12-month period. According to the Federal Reserve Bank of St. Louis Economic Database, the ICE BofA US Corporate Index Option-Adjusted Spread fell from 130 basis points (1.30 percentage points) to 100 basis points over the course of the period. The compression in yield spreads, which indicates outperformance relative to Treasuries, reflected the backdrop of better-than-expected corporate earnings and investors’ hearty appetite for risk in the latter part of the period. The gains were broad-based across the category, with participation from each of the three major sectors: financials, industrials, and utilities. At a time of better-than-expected economic growth, the strongest performance at the industry level generally came from industrial, consumer, and technology-related companies. Lower-quality investment-grade corporate bonds outpaced their higher-quality counterparts, which was in part a function of investors’ willingness to take on greater risk in search of higher yields.

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

Fund Summary as of February 29, 2024 iShares^® BBB Rated Corporate Bond ETF

Investment Objective

The iShares BBB Rated Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of BBB (or its equivalent) fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporate issuers, as represented by the iBoxx USD Liquid Investment Grade BBB 0+ Index (the“Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns						Cumulative Total Returns
	1 Year			Since Inception			1 Year			Since Inception
Fund NAV		6.81	%		(2.41	)%		6.81	%		(6.57	)%
Fund Market		6.86			(2.36	)		6.86			(6.45	)
Index		7.02			(2.27	)		7.02			(6.21	)

GROWTH OF $10,000 INVESTMENT

(SINCE INCEPTION AT NET ASSET VALUE)

The inception date of the Fund was 5/18/21. The first day of secondary market trading was 5/20/21.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual									Hypothetical 5% Return
	Beginning Account Value (09/01/23	)		Ending Account Value (02/29/24	)		Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23	)		Ending Account Value (02/29/24	)		Expenses Paid During the Period	(a)	Annualized Expense Ratio
$	1,000.00		$	1,041.60		$	0.76		$	1,000.00		$	1,024.10		$	0.75		0.15	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 5

Fund Summary as of February 29, 2024 (continued) iShares^® BBB Rated Corporate Bond ETF

Portfolio Information

CREDIT QUALITY ALLOCATION
S&P Credit Rating*	Percent of Total Investments	(a)
A	0.8	%
A-	2.2
BBB+	28.3
BBB	49.0
BBB-	18.2
BB+	1.0
Not Rated	0.5

MATURITY ALLOCATION
Maturity	Percent of Total Investments	(a)
0-1 Year	2.1	%
1-5 Years	37.5
5-10 Years	30.1
10-15 Years	4.3
15-20 Years	4.6
More than 20 Years	21.4

* 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.

^(a)  Excludes money market funds.

6 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Fund Summary as of February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF

Investment Objective

The iShares Broad USD Investment Grade Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds, as represented by the ICE BofA US Corporate Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns									Cumulative Total Returns
	1 Year			5 Years			10 Years			1 Year			5 Years			10 Years
Fund NAV		6.14	%		1.79	%		2.37	%		6.14	%		9.27	%		26.38	%
Fund Market		6.07			1.73			2.35			6.07			8.98			26.11
Index		6.13			1.88			2.51			6.13			9.76			28.12

GROWTH OF $10,000 INVESTMENT

(AT NET ASSET VALUE)

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA US Corporate Index (the “Index”). Index data prior to March 1, 2021 is for the Index’s standard pricing time of 3 pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index’s new standard pricing time of 4 pm. The change of the Index’s standard pricing time from 3 pm to 4 pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023. Index data prior to August 1, 2018 is for the Bloomberg U.S. Credit Bond Index.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

			Actual						Hypothetical 5% Return
	Beginning Account Value (09/01/23	)		Ending Account Value (02/29/24	)		Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23	)		Ending Account Value (02/29/24	)		Expenses Paid During the Period	(a)	Annualized Expense Ratio
$	1,000.00		$	1,039.30		$	0.20		$	1,000.00		$	1,024.70		$	0.20		0.04	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 7

Fund Summary as of February 29, 2024 (continued) iShares^® Broad USD Investment Grade Corporate Bond ETF

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	2.0	%
Aa	7.3
A	43.3
Baa	43.7
Ba	1.9
Not Rated	1.8

MATURITY ALLOCATION

Maturity	Percent of Total Investments	(a)
1-5 Years	39.3	%
5-10 Years	27.4
10-15 Years	6.8
15-20 Years	6.9
More than 20 Years	19.6

* 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.

^(a)  Excludes money market funds.

8 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Fund Summary as of February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF

Investment Objective

The iShares 1-5 Year Investment Grade Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities between one and five years, as represented by the ICE BofA 1-5 Year US Corporate Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns									Cumulative Total Returns
	1 Year			5 Years			10 Years			1 Year			5 Years			10 Years
Fund NAV		5.91	%		2.10	%		1.74	%		5.91	%		10.92	%		18.84	%
Fund Market		5.83			2.06			1.73			5.83			10.71			18.68
Index		5.87			2.12			1.89			5.87			11.07			20.57

GROWTH OF $10,000 INVESTMENT

(AT NET ASSET VALUE)

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA 1-5 Year US Corporate Index (the “Index”). Index data prior to March 1, 2021 is for the Index’s standard pricing time of 3 pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4 pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index’s new standard pricing time of 4 pm. The change of the Index’s standard pricing time from 3 pm to 4 pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023. Index data prior to August 1, 2018 is for the Bloomberg U.S. 1-3 Year Credit Bond Index.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

		Actual					Hypothetical 5% Return
Beginning Account Value (09/01/23	)		Ending Account Value (02/29/24	)	Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23	)	Ending Account Value (02/29/24	)	Expenses Paid During the Period	(a)	Annualized Expense Ratio
$  1,000.00			$  1,035.40		$  0.20			$  1,000.00		$  1,024.70		$  0.20		0.04%

^(a) Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 9

Fund Summary as of February 29, 2024 (continued) iShares^® 1-5 Year Investment Grade Corporate Bond ETF

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	2.0	%
Aa	8.0
A	45.2
Baa	41.4
Ba	1.8
Not Rated	1.6

MATURITY ALLOCATION

	Percent of
Maturity	Total Investments	(a)
1-2 Years	25.1	%
2-3 Years	26.4
3-4 Years	23.1
4-5 Years	20.8
5-6 Years	4.1
6-7 Years	0.1
7-8 Years	0.1
8-9 Years	0.2
21-22 Years	0.1

* 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.

^(a)  Excludes money market funds.

10 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Fund Summary as of February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF

Investment Objective

The iShares 5-10 Year Investment Grade Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities between five and ten years, as represented by the ICE BofA 5-10 Year US Corporate Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns										Cumulative Total Returns
	1 Year			5 Years			10 Years				1 Year			5 Years			10 Years
Fund NAV		6.71	%		2.10	%		2.26	%			6.71	%		10.97	%		25.06	%
Fund Market		6.68			2.09			2.25				6.68			10.87			24.91
Index		6.66			2.15			2.38				6.66			11.21			26.52

GROWTH OF $10,000 INVESTMENT

(AT NET ASSET VALUE)

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA 5-10 Year US Corporate Index (the “Index”). Index data prior to March 1, 2021 is for the Index’s standard pricing time of 3 pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index’s new standard pricing time of 4 pm. The change of the Index’s standard pricing time from 3 pm to 4 pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023. Index data prior to August 1, 2018 is for Bloomberg U.S. Intermediate Credit Bond Index.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

	Actual					Hypothetical 5% Return
		Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized  Expense  Ratio
		$  1,000.00	$  1,041.10	$  0.20			$  1,000.00	$  1,024.70	$  0.20		0.04%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 11

Fund Summary as of February 29, 2024 (continued) iShares^® 5-10 Year Investment Grade Corporate Bond ETF

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	0.8	%
Aa	4.5
A	42.0
Baa	48.4
Ba	2.5
Not Rated	1.8

MATURITY ALLOCATION

Maturity	Percent of Total Investments	(a)
5-10 Years	91.4	%
10-15 Years	7.7
15-20 Years	0.1
More than 20 Years	0.8

* 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.

^(a)  Excludes money market funds.

12 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Fund Summary as of February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF

Investment Objective

The iShares 10+ Year Investment Grade Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities greater than ten years, as represented by the ICE BofA 10+ Year US Corporate Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns										Cumulative Total Returns
	1 Year			5 Years			10 Years				1 Year			5 Years			10 Years
Fund NAV		5.87	%		1.34	%		2.81	%			5.87	%		6.90	%		31.89	%
Fund Market		5.72			1.29			2.76				5.72			6.61			31.23
Index		5.91			1.49			3.07				5.91			7.65			35.31

GROWTH OF $10,000 INVESTMENT

(AT NET ASSET VALUE)

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA 10+ Year US Corporate Index (the “Index”). Index data prior to March 1, 2021 is for the Index’s standard pricing time of 3 pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4 pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index’s new standard pricing time of 4 pm. The change of the Index’s standard pricing time from 3 pm to 4 pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023. Index data prior to August 1, 2018 is for the Bloomberg U.S. Long Credit Index.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

	Actual					Hypothetical 5% Return
		Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized  Expense  Ratio
		$  1,000.00	$  1,042.80	$  0.20			$  1,000.00	$  1,024.70	$  0.20		0.04%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 13

Fund Summary as of February 29, 2024 (continued) iShares^® 10+ Year Investment Grade Corporate Bond ETF

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	3.2	%
Aa	8.9
A	43.0
Baa	42.0
Ba	1.5
Not Rated	1.4

MATURITY ALLOCATION

Maturity	Percent of Total Investments	(a)
10-15 Years	15.5	%
15-20 Years	22.1
More than 20 Years	62.4

* 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.

^(a)  Excludes money market funds.

14 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

About Fund Performance

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

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

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

Disclosure of Expenses

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

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

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

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

A B O U T  F U N D  P E R F O R M A N C E / D I S C L O S U R E  O F  E X P E N S E S 15

Schedule of Investments  February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.2%
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)(a)	$	18	$	14,961
5.40%, 10/01/48 (Call 04/01/48)		10		9,251
Omnicom Group Inc., 2.60%, 08/01/31 (Call 05/01/31)(a)		32		26,870
Omnicom Group Inc./Omnicom Capital Inc., 3.60%, 04/15/26 (Call 01/15/26)(a)		25		24,242
				75,324
Aerospace & Defense — 3.3%
Boeing Co. (The)
2.20%, 02/04/26 (Call 03/11/24)		75		70,370
2.75%, 02/01/26 (Call 01/01/26)		25		23,737
4.88%, 05/01/25 (Call 04/01/25)		25		24,786
5.04%, 05/01/27 (Call 03/01/27)		105		103,930
5.15%, 05/01/30 (Call 02/01/30)		100		98,279
5.71%, 05/01/40 (Call 11/01/39)		62		60,304
5.81%, 05/01/50 (Call 11/01/49)		70		67,215
5.93%, 05/01/60 (Call 11/01/59)		50		47,754
Howmet Aerospace Inc., 3.00%, 01/15/29 (Call 11/15/28)		35		31,361
L3Harris Technologies Inc.
4.40%, 06/15/28 (Call 03/15/28)		64		62,249
5.05%, 04/27/45 (Call 10/27/44)		15		13,999
Northrop Grumman Corp.
3.25%, 01/15/28 (Call 10/15/27)(a)		75		70,315
4.03%, 10/15/47 (Call 04/15/47)		53		42,730
5.25%, 05/01/50 (Call 11/01/49)		25		24,172
RTX Corp.
2.82%, 09/01/51 (Call 03/01/51)		45		28,113
4.13%, 11/16/28 (Call 08/16/28)		115		110,331
4.15%, 05/15/45 (Call 11/16/44)		35		28,672
4.50%, 06/01/42		70		61,082
4.63%, 11/16/48 (Call 05/16/48)		35		30,494
5.15%, 02/27/33 (Call 11/27/32)		30		29,695
6.10%, 03/15/34 (Call 12/15/33)(a)		50		52,767
6.40%, 03/15/54 (Call 09/15/53)		30		33,163
				1,115,518
Agriculture — 2.1%
Altria Group Inc.
3.70%, 02/04/51 (Call 08/04/50)		35		23,800
4.40%, 02/14/26 (Call 12/14/25)		41		40,387
4.50%, 05/02/43		35		29,021
4.80%, 02/14/29 (Call 11/14/28)		84		82,380
5.80%, 02/14/39 (Call 08/14/38)		40		39,847
5.95%, 02/14/49 (Call 08/14/48)(a)		60		59,706
BAT Capital Corp.
2.73%, 03/25/31 (Call 12/25/30)		40		32,960
3.22%, 08/15/24 (Call 06/15/24)		33		32,618
3.56%, 08/15/27 (Call 05/15/27)		44		41,545
4.39%, 08/15/37 (Call 02/15/37)		50		40,960
4.54%, 08/15/47 (Call 02/15/47)		50		37,279
4.74%, 03/16/32 (Call 12/16/31)		25		23,510
5.65%, 03/16/52 (Call 09/16/51)		30		26,258
6.34%, 08/02/30 (Call 06/02/30)		70		72,312
Bunge Ltd. Finance Corp.
2.75%, 05/14/31 (Call 02/14/31)		18		15,299
3.75%, 09/25/27 (Call 06/25/27)		35		33,412

Security	Par (000)		Value
Agriculture (continued)
Reynolds American Inc.
4.45%, 06/12/25 (Call 03/12/25)	$	51	$	50,238
5.85%, 08/15/45 (Call 02/15/45)		30		27,147
				708,679
Airlines — 0.2%
Southwest Airlines Co., 5.25%, 05/04/25 (Call 04/04/25)		68		67,788
Apparel — 0.2%
Tapestry Inc.
7.00%, 11/27/26		25		25,675
7.85%, 11/27/33 (Call 08/27/33)		25		27,021
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)		10		9,584
2.95%, 04/23/30 (Call 01/23/30)(a)		20		16,504
				78,784
Auto Manufacturers — 2.5%
Ford Motor Co., 4.75%, 01/15/43		25		20,247
Ford Motor Credit Co. LLC, 7.12%, 11/07/33 (Call 08/07/33)		210		223,893
General Motors Co.
6.13%, 10/01/25 (Call 09/01/25)		25		25,227
6.25%, 10/02/43		35		35,159
6.60%, 04/01/36 (Call 10/01/35)		60		62,716
6.75%, 04/01/46 (Call 10/01/45)		30		31,711
General Motors Financial Co. Inc.
1.25%, 01/08/26 (Call 12/08/25)		135		125,087
2.35%, 02/26/27 (Call 01/26/27)		90		82,523
2.35%, 01/08/31 (Call 10/08/30)		60		48,939
3.80%, 04/07/25		42		41,160
5.00%, 04/09/27 (Call 03/09/27)		47		46,526
5.85%, 04/06/30 (Call 02/06/30)(a)		30		30,428
6.05%, 10/10/25		60		60,437
				834,053
Auto Parts & Equipment — 0.3%
Aptiv PLC, 3.10%, 12/01/51 (Call 06/01/51)		30		18,836
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)(a)		20		17,220
4.15%, 05/01/52 (Call 11/01/51)		16		12,236
BorgWarner Inc.
2.65%, 07/01/27 (Call 05/01/27)		36		33,218
4.38%, 03/15/45 (Call 09/15/44)		15		12,179
Lear Corp., 5.25%, 05/15/49 (Call 11/15/48)		7		6,300
				99,989
Banks — 5.8%
Citigroup Inc.
3.88%, 03/26/25		36		35,344
4.13%, 07/25/28		25		23,767
4.45%, 09/29/27		75		72,608
4.60%, 03/09/26		34		33,444
4.75%, 05/18/46		45		39,349
6.63%, 06/15/32		35		37,264
6.68%, 09/13/43		24		26,410
Citizens Financial Group Inc.
2.64%, 09/30/32 (Call 07/02/32)		25		18,978
3.25%, 04/30/30 (Call 01/30/30)(a)		25		21,622
Comerica Inc., 4.00%, 02/01/29 (Call 11/03/28)(a)		25		22,554

16 2 0 2 4 I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Deutsche Bank AG/New York
6.12%, 07/14/26 (Call 07/14/25), (1-day SOFR + 3.190%)(b)	$	150	$	150,321
7.15%, 07/13/27 (Call 07/13/26), (1-day SOFR + 2.520%)(b)		155		159,174
Fifth Third Bancorp.
4.77%, 07/28/30 (Call 07/28/29), (1-day SOFR + 2.127%)(b)		25		23,857
6.36%, 10/27/28 (Call 10/27/27), (1-day SOFR + 2.192%)(b)		45		45,917
8.25%, 03/01/38		10		11,821
Goldman Sachs Group Inc. (The)
4.25%, 10/21/25		37		36,347
5.15%, 05/22/45(a)		50		47,565
6.75%, 10/01/37		75		81,468
HSBC Holdings PLC, 6.50%, 05/02/36		110		115,147
Huntington Bancshares Inc./OH, 6.21%, 08/21/29
(Call 08/21/28), (1-day SOFR + 2.020%)(b)		20		20,332
KeyCorp
2.55%, 10/01/29		25		20,896
4.79%, 06/01/33 (Call 06/01/32), (1-day SOFR + 2.060%)(b)		53		47,914
Morgan Stanley
3.95%, 04/23/27		68		65,420
4.35%, 09/08/26		20		19,532
5.00%, 11/24/25		65		64,621
Regions Financial Corp., 2.25%, 05/18/25
(Call 04/18/25)		50		47,884
Santander Holdings USA Inc.
3.45%, 06/02/25 (Call 05/02/25)		75		72,705
5.81%, 09/09/26 (Call 09/09/25),
(1-day SOFR + 2.328%)(b)		39		38,962
6.17%, 01/09/30 (Call 01/09/29),
(1-day SOFR + 2.500%)(b)		60		59,847
Santander U.K. Group Holdings PLC, 1.09%, 03/15/25 (Call 03/15/24), (1-day SOFR + 0.787%)(b)		200		199,696
Wells Fargo & Co.
4.10%, 06/03/26		15		14,588
4.30%, 07/22/27		95		92,143
4.75%, 12/07/46		60		51,932
4.90%, 11/17/45		65		57,232
5.61%, 01/15/44		48		46,535
Westpac Banking Corp.
2.96%, 11/16/40		25		17,068
3.13%, 11/18/41		25		17,280
				1,957,544
Beverages — 0.8%
Constellation Brands Inc.
3.15%, 08/01/29 (Call 05/01/29)		25		22,712
3.70%, 12/06/26 (Call 09/06/26)		38		36,575
3.75%, 05/01/50 (Call 11/01/49)		27		20,198
4.75%, 05/09/32 (Call 02/09/32)		33		31,852
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)		58		48,203
3.35%, 03/15/51 (Call 09/15/50)		45		31,326
4.60%, 05/25/28 (Call 02/25/28)		30		29,590
Molson Coors Beverage Co.
4.20%, 07/15/46 (Call 01/15/46)		35		28,561
5.00%, 05/01/42		15		13,984
				263,001

Security	Par (000)		Value
Biotechnology — 3.4%
Amgen Inc.
2.20%, 02/21/27 (Call 12/21/26)	$	135	$	124,433
2.30%, 02/25/31 (Call 11/25/30)		155		129,373
2.45%, 02/21/30 (Call 11/21/29)		25		21,725
2.60%, 08/19/26 (Call 05/19/26)		25		23,601
2.77%, 09/01/53 (Call 03/01/53)		94		57,296
2.80%, 08/15/41 (Call 02/15/41)		80		57,022
3.63%, 05/22/24 (Call 03/18/24)		19		18,918
4.40%, 05/01/45 (Call 11/01/44)		60		51,029
4.66%, 06/15/51 (Call 12/15/50)		85		73,676
5.25%, 03/02/33 (Call 12/02/32)		35		34,850
5.75%, 03/02/63 (Call 09/02/62)		45		44,960
Baxalta Inc., 5.25%, 06/23/45 (Call 12/23/44)		37		35,330
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		40		33,449
3.15%, 05/01/50 (Call 11/01/49)		16		10,552
3.25%, 02/15/51 (Call 08/15/50)		33		22,421
4.05%, 09/15/25 (Call 06/15/25)		37		36,254
Gilead Sciences Inc.
1.65%, 10/01/30 (Call 07/01/30)		70		57,094
3.50%, 02/01/25 (Call 11/01/24)		36		35,368
3.65%, 03/01/26 (Call 12/01/25)		25		24,270
4.75%, 03/01/46 (Call 09/01/45)		65		59,078
4.80%, 04/01/44 (Call 10/01/43)		65		59,580
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30 (Call 06/15/30)		22		17,784
2.80%, 09/15/50 (Call 03/15/50)		25		15,559
Royalty Pharma PLC
1.20%, 09/02/25 (Call 08/02/25)		37		34,679
1.75%, 09/02/27 (Call 07/02/27)		53		47,186
3.30%, 09/02/40 (Call 03/02/40)(a)		25		18,193
3.55%, 09/02/50 (Call 03/02/50)(a)		20		13,607
				1,157,287
Building Materials — 0.9%
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)		61		56,617
3.58%, 04/05/50 (Call 10/05/49)(a)		48		35,279
5.90%, 03/15/34 (Call 12/15/33)		25		25,929
Johnson Controls International PLC, 4.50%, 02/15/47 (Call 08/15/46)(a)		15		12,854
Johnson Controls International PLC/Tyco Fire & Security Finance SCA, 2.00%, 09/16/31 (Call 06/16/31)		29		23,277
Martin Marietta Materials Inc.
3.20%, 07/15/51 (Call 01/15/51)		25		17,253
3.50%, 12/15/27 (Call 09/15/27)		65		61,598
Trane Technologies Financing Ltd., 3.80%, 03/21/29 (Call 12/21/28)		35		33,072
Trane Technologies Global Holding Co. Ltd., 5.75%, 06/15/43		15		15,437
Vulcan Materials Co.
3.50%, 06/01/30 (Call 03/01/30)		29		26,430
4.50%, 06/15/47 (Call 12/15/46)		12		10,389
				318,135
Chemicals — 2.2%
Albemarle Corp., 4.65%, 06/01/27 (Call 05/01/27)		41		40,243
Celanese U.S. Holdings LLC
6.17%, 07/15/27 (Call 06/15/27)(a)		25		25,377
6.33%, 07/15/29 (Call 05/15/29)		37		37,989
6.70%, 11/15/33 (Call 08/15/33)		30		31,462
CF Industries Inc., 5.38%, 03/15/44		25		23,316

S C H E D U L E  O F  I N V E S T M E N T S 17

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
Dow Chemical Co. (The)
2.10%, 11/15/30 (Call 08/15/30)(a)	$	78	$	65,143
3.60%, 11/15/50 (Call 05/15/50)		45		32,710
4.38%, 11/15/42 (Call 05/15/42)		45		37,854
DuPont de Nemours Inc.
4.73%, 11/15/28 (Call 08/15/28)		50		49,738
5.32%, 11/15/38 (Call 05/15/38)		30		29,523
5.42%, 11/15/48 (Call 05/15/48)		35		34,326
Eastman Chemical Co.
4.50%, 12/01/28 (Call 09/01/28)		34		32,960
4.65%, 10/15/44 (Call 04/15/44)		25		21,164
FMC Corp.
3.45%, 10/01/29 (Call 07/01/29)		16		14,232
4.50%, 10/01/49 (Call 04/01/49)		15		11,143
International Flavors & Fragrances Inc.
4.38%, 06/01/47 (Call 12/01/46)		10		7,480
5.00%, 09/26/48 (Call 03/26/48)		5		4,204
LYB International Finance III LLC
2.25%, 10/01/30 (Call 07/01/30)		25		20,829
3.38%, 10/01/40 (Call 04/01/40)		15		11,116
3.80%, 10/01/60 (Call 04/01/60)(a)		30		20,297
4.20%, 05/01/50 (Call 11/01/49)		40		30,880
Mosaic Co. (The), 4.05%, 11/15/27 (Call 08/15/27)		30		28,827
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		22		19,446
3.95%, 05/13/50 (Call 11/13/49)		20		15,532
Sherwin-Williams Co. (The)
3.45%, 06/01/27 (Call 03/01/27)		63		60,034
4.50%, 06/01/47 (Call 12/01/46)		35		30,046
Westlake Corp.
3.13%, 08/15/51 (Call 02/15/51)		15		9,418
5.00%, 08/15/46 (Call 02/15/46)		15		13,087
				758,376
Commercial Services — 1.0%
Block Financial LLC, 2.50%, 07/15/28 (Call 05/15/28)		37		32,587
Equifax Inc.
2.35%, 09/15/31 (Call 06/15/31)(a)		43		35,116
3.10%, 05/15/30 (Call 02/15/30)		25		22,037
Global Payments Inc.
1.20%, 03/01/26 (Call 02/01/26)		95		87,448
3.20%, 08/15/29 (Call 05/15/29)		25		22,258
4.15%, 08/15/49 (Call 02/15/49)		25		19,041
Moody’s Corp.
3.75%, 02/25/52 (Call 08/25/51)		15		11,649
4.25%, 08/08/32 (Call 05/08/32)(a)		20		18,873
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)(a)		25		20,020
3.05%, 10/01/41 (Call 04/01/41)		15		10,521
RELX Capital Inc., 4.00%, 03/18/29 (Call 12/18/28)		52		49,645
Verisk Analytics Inc., 3.63%, 05/15/50 (Call 11/15/49)		20		14,626
				343,821
Computers — 1.6%
Dell International LLC/EMC Corp.
3.45%, 12/15/51 (Call 06/15/51)		16		10,973
5.25%, 02/01/28 (Call 01/01/28)		70		70,556
6.02%, 06/15/26 (Call 03/15/26)		47		47,517
8.10%, 07/15/36 (Call 01/15/36)		25		30,040
Hewlett Packard Enterprise Co.
1.45%, 04/01/24 (Call 03/01/24)		15		14,950
4.90%, 10/15/25 (Call 07/15/25)		58		57,606

Security	Par (000)		Value
Computers (continued)
6.35%, 10/15/45 (Call 04/15/45)	$	20	$	20,653
HP Inc.
2.20%, 06/17/25 (Call 05/17/25)		30		28,798
2.65%, 06/17/31 (Call 03/17/31)		35		29,224
4.75%, 01/15/28 (Call 12/15/27)		70		69,342
6.00%, 09/15/41(a)		20		20,432
Kyndryl Holdings Inc.
2.05%, 10/15/26 (Call 09/15/26)(a)		18		16,427
2.70%, 10/15/28 (Call 08/15/28)		25		21,912
4.10%, 10/15/41 (Call 04/15/41)		15		11,220
Leidos Inc., 4.38%, 05/15/30 (Call 02/15/30)		26		24,478
NetApp Inc., 1.88%, 06/22/25 (Call 05/22/25)		55		52,516
Western Digital Corp., 3.10%, 02/01/32 (Call 11/01/31)		15		11,655
				538,299
Distribution & Wholesale — 0.0%
LKQ Corp., 6.25%, 06/15/33 (Call 03/15/33)		15		15,414
Diversified Financial Services — 3.8%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
1.65%, 10/29/24 (Call 09/29/24)		150		146,016
6.15%, 09/30/30 (Call 07/30/30)		180		185,945
Air Lease Corp.
2.10%, 09/01/28 (Call 07/01/28)		85		73,838
2.20%, 01/15/27 (Call 12/15/26)		30		27,463
2.88%, 01/15/26 (Call 12/15/25)(a)		37		35,274
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26)		25		24,199
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		25		21,260
4.75%, 06/09/27 (Call 05/09/27)(a)		36		34,965
8.00%, 11/01/31		20		21,939
American Express Co., 3.63%, 12/05/24 (Call 11/04/24)		15		14,814
Capital One Financial Corp.
3.65%, 05/11/27 (Call 04/11/27)		80		75,968
3.75%, 03/09/27 (Call 02/09/27)		100		95,315
CI Financial Corp.
3.20%, 12/17/30 (Call 09/17/30)		20		15,781
4.10%, 06/15/51 (Call 12/15/50)		15		8,886
Discover Financial Services, 4.10%, 02/09/27
(Call 11/09/26)		90		86,304
Jefferies Financial Group Inc.
2.63%, 10/15/31 (Call 07/15/31)		35		28,619
5.88%, 07/21/28 (Call 06/21/28)		30		30,593
6.25%, 01/15/36		10		10,264
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)		35		27,809
3.25%, 04/28/50 (Call 10/28/49)		25		16,902
5.95%, 08/15/53 (Call 02/15/53)(a)		20		20,539
Nomura Holdings Inc., 1.85%, 07/16/25		200		189,902
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		17		13,289
4.50%, 07/23/25 (Call 04/23/25)		36		35,189
5.15%, 03/19/29 (Call 12/19/28)		25		23,846
Western Union Co. (The), 1.35%, 03/15/26
(Call 02/15/26)		37		34,069
				1,298,988
Electric — 6.1%
AEP Texas Inc.
5.25%, 05/15/52 (Call 11/15/51)		20		18,675
Series I, 2.10%, 07/01/30 (Call 04/01/30)		25		20,709
AES Corp. (The), 2.45%, 01/15/31 (Call 10/15/30)		25		20,397

18 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
American Electric Power Co. Inc., 5.95%, 11/01/32
(Call 08/01/32)	$	20	$	20,684
Avangrid Inc., 3.20%, 04/15/25 (Call 03/15/25)		12		11,674
Constellation Energy Generation LLC
5.60%, 03/01/28 (Call 02/01/28)		35		35,460
5.60%, 06/15/42 (Call 12/15/41)		20		19,395
5.80%, 03/01/33 (Call 12/01/32)		15		15,321
6.25%, 10/01/39		20		20,659
Dominion Energy Inc.
Series B, 3.30%, 04/15/41 (Call 10/15/40)		24		17,658
Series C, 3.38%, 04/01/30 (Call 01/01/30)		80		71,919
DTE Energy Co.
2.85%, 10/01/26 (Call 07/01/26)		35		32,966
Series C, 2.53%, 10/01/24(c)		27		26,485
Duke Energy Corp.
2.45%, 06/01/30 (Call 03/01/30)		90		77,023
3.50%, 06/15/51 (Call 12/15/50)		35		24,037
3.75%, 04/15/24 (Call 04/01/24)		39		38,916
3.75%, 09/01/46 (Call 03/01/46)		43		32,018
5.75%, 09/15/33 (Call 06/15/33)(a)		50		50,899
Edison International, 6.95%, 11/15/29 (Call 09/15/29)		35		37,339
Emera U.S. Finance LP, 4.75%, 06/15/46
(Call 12/15/45)		19		15,435
Entergy Corp.
1.90%, 06/15/28 (Call 04/15/28)		25		21,976
2.40%, 06/15/31 (Call 03/05/31)		40		32,863
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29)		25		22,140
Eversource Energy, 2.90%, 03/01/27 (Call 02/01/27)		80		74,829
Exelon Corp.
3.95%, 06/15/25 (Call 03/15/25)		54		52,990
4.05%, 04/15/30 (Call 01/15/30)		36		33,761
4.70%, 04/15/50 (Call 10/15/49)		25		21,645
5.15%, 03/15/28 (Call 02/15/28)		88		87,714
5.60%, 03/15/53 (Call 09/15/52)(a)		15		14,510
Georgia Power Co.
4.95%, 05/17/33 (Call 11/17/32)		40		39,170
5.13%, 05/15/52 (Call 11/15/51)		30		28,358
Series A, 3.25%, 03/15/51 (Call 09/15/50)(a)		35		23,989
NextEra Energy Capital Holdings Inc.
2.25%, 06/01/30 (Call 03/01/30)		125		105,180
4.20%, 06/20/24		39		38,814
4.45%, 06/20/25		27		26,633
5.25%, 02/28/53 (Call 08/28/52)		20		18,535
5.75%, 09/01/25		25		25,123
Pacific Gas and Electric Co.
3.15%, 01/01/26		25		23,887
3.25%, 06/01/31 (Call 03/01/31)(a)		55		47,101
3.45%, 07/01/25		25		24,244
3.50%, 06/15/25 (Call 03/15/25)		25		24,241
3.50%, 08/01/50 (Call 02/01/50)		30		20,126
4.00%, 12/01/46 (Call 06/01/46)		40		29,181
4.55%, 07/01/30 (Call 01/01/30)		60		56,377
4.95%, 07/01/50 (Call 01/01/50)		60		50,882
6.40%, 06/15/33 (Call 03/15/33)		30		31,114
6.75%, 01/15/53 (Call 07/15/52)		28		29,925
Public Service Enterprise Group Inc.
2.45%, 11/15/31 (Call 08/15/31)		17		13,843
5.85%, 11/15/27 (Call 10/15/27)		41		42,009
Sempra
3.40%, 02/01/28 (Call 11/01/27)		52		48,875
4.00%, 02/01/48 (Call 08/01/47)		40		31,045

Security	Par (000)		Value
Electric (continued)
Southern Co. (The)
3.25%, 07/01/26 (Call 04/01/26)	$	73	$	69,810
4.40%, 07/01/46 (Call 01/01/46)		45		37,808
5.50%, 03/15/29 (Call 01/15/29)(a)		75		76,009
5.70%, 10/15/32 (Call 04/15/32)		25		25,506
Southwestern Electric Power Co., Series N, 1.65%, 03/15/26 (Call 02/15/26)		35		32,545
WEC Energy Group Inc., 2.20%, 12/15/28
(Call 10/15/28)		43		37,717
Xcel Energy Inc., 2.60%, 12/01/29 (Call 06/01/29)		45		39,453
				2,067,597
Electronics — 0.6%
Amphenol Corp., 2.20%, 09/15/31 (Call 06/15/31)		34		27,881
Arrow Electronics Inc., 2.95%, 02/15/32
(Call 11/15/31)(a)		19		15,831
Flex Ltd., 4.88%, 06/15/29 (Call 03/15/29)		23		22,364
Fortive Corp., 4.30%, 06/15/46 (Call 12/15/45)		10		8,195
Jabil Inc., 3.95%, 01/12/28 (Call 10/12/27)		38		35,942
Keysight Technologies Inc., 3.00%, 10/30/29
(Call 07/30/29)		11		9,777
TD SYNNEX Corp.
2.38%, 08/09/28 (Call 06/09/28)		25		21,831
2.65%, 08/09/31 (Call 05/09/31)(a)		20		15,936
Trimble Inc., 6.10%, 03/15/33 (Call 12/15/32)(a)		20		20,881
Vontier Corp., 2.95%, 04/01/31 (Call 01/01/31)		10		8,213
				186,851
Entertainment — 0.7%
Warnermedia Holdings Inc.
3.64%, 03/15/25		50		48,944
4.28%, 03/15/32 (Call 12/15/31)		80		70,451
5.05%, 03/15/42 (Call 09/15/41)		20		16,774
5.14%, 03/15/52 (Call 09/15/51)		125		101,336
5.39%, 03/15/62 (Call 09/15/61)		15		12,118
				249,623
Environmental Control — 0.5%
Republic Services Inc.
2.38%, 03/15/33 (Call 12/15/32)(a)		46		36,845
3.38%, 11/15/27 (Call 08/15/27)(a)		66		62,589
Veralto Corp., 5.45%, 09/18/33 (Call 06/18/33)(d)		25		25,111
Waste Connections Inc.
2.20%, 01/15/32 (Call 10/15/31)		18		14,599
2.95%, 01/15/52 (Call 07/15/51)		25		16,504
3.20%, 06/01/32 (Call 03/01/32)(a)		19		16,539
				172,187
Food — 3.0%
Campbell Soup Co.
3.13%, 04/24/50 (Call 10/24/49)		15		9,772
4.15%, 03/15/28 (Call 12/15/27)		28		27,030
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		67		58,270
5.40%, 11/01/48 (Call 05/01/48)		25		23,069
General Mills Inc.
3.00%, 02/01/51 (Call 08/01/50)		17		11,059
3.20%, 02/10/27 (Call 11/10/26)		55		52,290
4.00%, 04/17/25 (Call 02/17/25)		37		36,426
JBS USA LUX SA/JBS USA Food Co./JBS USA
Finance Inc.
3.00%, 05/15/32 (Call 02/15/32)		100		80,147
6.50%, 12/01/52 (Call 06/01/52)		35		33,789

S C H E D U L E  O F  I N V E S T M E N T S 19

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
JM Smucker Co. (The)
2.13%, 03/15/32 (Call 12/15/31)(a)	$	19	$	15,157
3.50%, 03/15/25		25		24,493
4.38%, 03/15/45		20		16,701
Kellanova
3.40%, 11/15/27 (Call 08/15/27)		38		35,844
4.50%, 04/01/46		12		10,281
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)		25		23,840
4.38%, 06/01/46 (Call 12/01/45)		110		90,870
5.00%, 07/15/35 (Call 01/15/35)		15		14,664
6.50%, 02/09/40		23		24,839
Kroger Co. (The)
2.20%, 05/01/30 (Call 02/01/30)		25		21,014
2.65%, 10/15/26 (Call 07/15/26)		35		32,871
3.95%, 01/15/50 (Call 07/15/49)		29		22,667
4.45%, 02/01/47 (Call 08/01/46)		18		15,244
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		41		37,711
1.85%, 02/15/31 (Call 11/15/30)		16		12,824
Mondelez International Inc.
1.50%, 05/04/25 (Call 04/04/25)		26		24,851
2.63%, 09/04/50 (Call 03/04/50)		30		18,803
3.00%, 03/17/32 (Call 12/17/31)		35		30,064
Sysco Corp.
3.15%, 12/14/51 (Call 06/14/51)		20		13,543
3.30%, 07/15/26 (Call 04/15/26)		30		28,817
5.95%, 04/01/30 (Call 01/01/30)		30		31,269
6.60%, 04/01/50 (Call 10/01/49)		30		33,844
Tyson Foods Inc.
3.95%, 08/15/24 (Call 05/15/24)		30		29,756
4.35%, 03/01/29 (Call 12/01/28)		50		48,049
5.10%, 09/28/48 (Call 03/28/48)		30		26,461
				1,016,329
Forest Products & Paper — 0.1%
International Paper Co., 4.40%, 08/15/47 (Call 02/15/47)		40		33,268
Gas — 0.4%
National Fuel Gas Co., 2.95%, 03/01/31
(Call 12/01/30)(a)		15		12,504
NiSource Inc.
3.49%, 05/15/27 (Call 02/15/27)		35		33,279
3.60%, 05/01/30 (Call 02/01/30)		45		41,180
4.38%, 05/15/47 (Call 11/15/46)		50		41,165
				128,128
Hand & Machine Tools — 0.4%
Regal Rexnord Corp.
6.05%, 04/15/28 (Call 03/15/28)(d)		35		35,204
6.40%, 04/15/33 (Call 01/15/33)(d)		25		25,665
Stanley Black & Decker Inc.
2.30%, 02/24/25 (Call 03/11/24)		30		29,069
4.25%, 11/15/28 (Call 08/15/28)		35		33,819
4.85%, 11/15/48 (Call 05/15/48)		15		12,943
				136,700
Health Care - Products — 1.8%
Agilent Technologies Inc., 2.30%, 03/12/31
(Call 12/12/30)		24		20,054
Baxter International Inc.
1.92%, 02/01/27 (Call 01/01/27)		46		41,828
2.54%, 02/01/32 (Call 11/01/31)(a)		40		32,759

Security	Par (000)		Value
Health Care - Products (continued)
3.13%, 12/01/51 (Call 06/01/51)(a)	$	20	$	13,026
3.95%, 04/01/30 (Call 01/01/30)		25		23,113
Boston Scientific Corp.
1.90%, 06/01/25 (Call 05/01/25)		10		9,587
2.65%, 06/01/30 (Call 03/01/30)		22		19,232
4.70%, 03/01/49 (Call 09/01/48)		20		18,338
GE HealthCare Technologies Inc., 5.65%, 11/15/27
(Call 10/15/27)		115		116,731
HCA Inc., 3.13%, 03/15/27 (Call 02/15/27)		80		75,112
Koninklijke Philips NV
5.00%, 03/15/42(a)		15		13,467
6.88%, 03/11/38		20		21,472
Revvity Inc., 1.90%, 09/15/28 (Call 07/15/28)		37		31,985
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)		26		21,282
Stryker Corp.
1.15%, 06/15/25 (Call 05/15/25)		15		14,231
3.50%, 03/15/26 (Call 12/15/25)		55		53,364
4.63%, 03/15/46 (Call 09/15/45)		30		27,222
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		13		10,857
3.05%, 01/15/26 (Call 12/15/25)		35		33,645
				597,305
Health Care - Services — 3.1%
Aetna Inc.
3.50%, 11/15/24 (Call 08/15/24)		36		35,531
3.88%, 08/15/47 (Call 02/15/47)(a)		20		14,876
4.13%, 11/15/42 (Call 05/15/42)		15		11,966
6.63%, 06/15/36		14		15,147
Centene Corp.
2.63%, 08/01/31 (Call 05/01/31)		60		49,096
4.63%, 12/15/29 (Call 12/15/24)		100		94,655
Elevance Health Inc.
1.50%, 03/15/26 (Call 02/15/26)		75		69,647
2.38%, 01/15/25 (Call 12/15/24)		36		35,024
2.55%, 03/15/31 (Call 12/15/30)		47		39,849
3.35%, 12/01/24 (Call 10/01/24)		10		9,848
3.60%, 03/15/51 (Call 09/15/50)		85		63,165
4.38%, 12/01/47 (Call 06/01/47)		35		29,642
HCA Inc.
3.50%, 09/01/30 (Call 03/01/30)		65		57,966
3.50%, 07/15/51 (Call 01/15/51)		54		36,505
4.13%, 06/15/29 (Call 03/15/29)		60		56,387
5.25%, 06/15/26 (Call 12/15/25)		35		34,789
5.25%, 06/15/49 (Call 12/15/48)		40		35,905
5.38%, 02/01/25		65		64,755
5.50%, 06/15/47 (Call 12/15/46)		30		27,947
Humana Inc.
3.70%, 03/23/29 (Call 02/23/29)		60		56,067
3.85%, 10/01/24 (Call 07/01/24)		37		36,596
3.95%, 08/15/49 (Call 02/15/49)		40		31,112
5.95%, 03/15/34 (Call 12/15/33)		35		36,114
Laboratory Corp. of America Holdings
1.55%, 06/01/26 (Call 05/01/26)		36		33,189
4.70%, 02/01/45 (Call 08/01/44)		20		17,838
Quest Diagnostics Inc., 4.20%, 06/30/29 (Call 03/30/29)		41		39,404
Universal Health Services Inc.
2.65%, 10/15/30 (Call 07/15/30)		30		25,008
2.65%, 01/15/32 (Call 10/15/31)		5		4,035
				1,062,063

20 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Holding Companies - Diversified — 0.9%
Ares Capital Corp.
2.15%, 07/15/26 (Call 06/15/26)	$	70	$	63,630
2.88%, 06/15/28 (Call 04/15/28)		40		35,012
Blackstone Private Credit Fund
3.25%, 03/15/27 (Call 02/15/27)		50		45,697
4.70%, 03/24/25(a)		37		36,431
Blackstone Secured Lending Fund, 2.85%, 09/30/28 (Call 07/30/28)		33		28,728
Blue Owl Capital Corp., 3.40%, 07/15/26 (Call 06/15/26)		43		40,036
FS KKR Capital Corp., 3.13%, 10/12/28 (Call 08/12/28)		35		30,008
Golub Capital BDC Inc., 2.50%, 08/24/26
(Call 07/24/26)		25		22,820
				302,362
Home Builders — 0.2%
DR Horton Inc., 1.40%, 10/15/27 (Call 08/15/27)(a)		35		30,854
Lennar Corp., 4.75%, 11/29/27 (Call 05/29/27)		28		27,552
				58,406
Home Furnishings — 0.1%
Whirlpool Corp., 4.60%, 05/15/50 (Call 11/15/49)(a)		20		15,971
Household Products & Wares — 0.1%
Avery Dennison Corp., 2.25%, 02/15/32 (Call 11/15/31)		15		12,151
Church & Dwight Co. Inc., 5.00%, 06/15/52
(Call 12/15/51)		15		14,175
Clorox Co. (The), 1.80%, 05/15/30 (Call 02/15/30)		23		19,009
				45,335
Insurance — 2.5%
Allstate Corp. (The)
1.45%, 12/15/30 (Call 09/15/30)		25		19,752
5.25%, 03/30/33 (Call 12/30/32)		55		54,755
American International Group Inc.
4.38%, 06/30/50 (Call 12/30/49)		30		25,754
4.80%, 07/10/45 (Call 01/10/45)		20		18,301
5.13%, 03/27/33 (Call 12/27/32)		35		34,455
Aon Corp., 2.80%, 05/15/30 (Call 02/15/30)		47		40,850
Aon Corp./Aon Global Holdings PLC, 3.90%, 02/28/52 (Call 08/28/51)		28		21,239
Aon Global Ltd.
3.88%, 12/15/25 (Call 09/15/25)		70		68,238
4.75%, 05/15/45 (Call 11/15/44)		21		18,544
Arch Capital Group Ltd., 3.64%, 06/30/50
(Call 12/30/49)		25		18,422
Athene Holding Ltd.
3.50%, 01/15/31 (Call 10/15/30)		18		15,613
6.15%, 04/03/30 (Call 01/03/30)		10		10,295
Brighthouse Financial Inc., 4.70%, 06/22/47
(Call 12/22/46)		15		11,591
Brown & Brown Inc.
2.38%, 03/15/31 (Call 12/15/30)		20		16,409
4.95%, 03/17/52 (Call 09/17/51)		20		17,284
CNA Financial Corp., 3.45%, 08/15/27 (Call 05/15/27)		60		56,819
Corebridge Financial Inc.
3.65%, 04/05/27 (Call 03/05/27)		46		43,615
3.85%, 04/05/29 (Call 02/05/29)		40		37,089
4.40%, 04/05/52 (Call 10/05/51)		20		15,958
Enstar Group Ltd., 3.10%, 09/01/31 (Call 03/01/31)		25		20,404
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)		31		29,847
5.00%, 04/20/48 (Call 10/20/47)		25		22,683
5.59%, 01/11/33 (Call 10/11/32)		10		10,066

Security	Par (000)		Value
Insurance (continued)
Everest Reinsurance Holdings Inc., 3.13%, 10/15/52
(Call 04/15/52)	$	30	$	19,135
Fairfax Financial Holdings Ltd., 3.38%, 03/03/31
(Call 12/03/30)		25		21,675
Fidelity National Financial Inc., 3.40%, 06/15/30
(Call 03/15/30)(a)		15		13,257
Hartford Financial Services Group Inc. (The)
2.80%, 08/19/29 (Call 05/19/29)		28		25,009
2.90%, 09/15/51 (Call 03/15/51)		10		6,399
3.60%, 08/19/49 (Call 02/19/49)		20		14,998
Jackson Financial Inc., 4.00%, 11/23/51 (Call 05/23/51)		10		7,108
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)		22		19,228
7.00%, 06/15/40		7		7,627
Markel Group Inc.
3.45%, 05/07/52 (Call 11/07/51)		30		20,591
5.00%, 04/05/46		15		13,370
Old Republic International Corp., 3.85%, 06/11/51
(Call 12/11/50)		15		10,841
Willis North America Inc.
3.88%, 09/15/49 (Call 03/15/49)		17		12,669
4.50%, 09/15/28 (Call 06/15/28)		32		30,987
				850,877
Internet — 0.8%
eBay Inc.
2.70%, 03/11/30 (Call 12/11/29)(a)		25		21,853
3.60%, 06/05/27 (Call 03/05/27)		49		46,811
3.65%, 05/10/51 (Call 11/10/50)		20		14,467
Expedia Group Inc.
2.95%, 03/15/31 (Call 12/15/30)		35		29,966
3.25%, 02/15/30 (Call 11/15/29)		10		8,909
5.00%, 02/15/26 (Call 11/15/25)		20		19,860
Netflix Inc., 5.88%, 11/15/28		90		93,169
VeriSign Inc., 2.70%, 06/15/31 (Call 03/15/31)		42		34,874
				269,909
Iron & Steel — 0.2%
ArcelorMittal SA
4.25%, 07/16/29		63		59,763
7.00%, 10/15/39		5		5,318
				65,081
Lodging — 0.4%
Marriott International Inc./MD
5.00%, 10/15/27 (Call 09/15/27)		93		92,613
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		23		23,083
Series GG, 3.50%, 10/15/32 (Call 07/15/32)		35		30,552
				146,248
Machinery — 0.5%
CNH Industrial Capital LLC
1.88%, 01/15/26 (Call 12/15/25)		15		14,060
3.95%, 05/23/25		31		30,438
Flowserve Corp., 2.80%, 01/15/32 (Call 10/15/31)		15		12,244
IDEX Corp., 2.63%, 06/15/31 (Call 03/15/31)		20		16,847
Otis Worldwide Corp.
2.57%, 02/15/30 (Call 11/15/29)		39		34,044
3.11%, 02/15/40 (Call 08/15/39)(a)		25		19,046
Westinghouse Air Brake Technologies Corp., 4.70%, 09/15/28 (Call 06/15/28)		33		32,203
				158,882
Machinery - Diversified — 0.1%
Ingersoll Rand Inc., 5.70%, 08/14/33 (Call 05/14/33)		35		35,632

S C H E D U L E O F I N V E S T M E N T S 21

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Manufacturing — 0.9%
3M Co.
2.88%, 10/15/27 (Call 07/15/27)	$	35	$	32,378
3.70%, 04/15/50 (Call 10/15/49)		55		40,606
Carlisle Companies Inc., 3.75%, 12/01/27
(Call 09/01/27)		49		46,578
General Electric Co., 6.75%, 03/15/32		45		49,954
Parker-Hannifin Corp.
3.25%, 03/01/27 (Call 12/01/26)		41		38,970
3.25%, 06/14/29 (Call 03/14/29)		50		46,044
4.00%, 06/14/49 (Call 12/14/48)		30		24,484
Teledyne Technologies Inc., 2.75%, 04/01/31
(Call 01/01/31)		30		25,471
				304,485
Media — 2.6%
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.80%, 04/01/31 (Call 01/01/31)		65		52,513
3.70%, 04/01/51 (Call 10/01/50)		35		21,254
3.85%, 04/01/61 (Call 10/01/60)		50		28,995
3.90%, 06/01/52 (Call 12/01/51)		45		28,123
3.95%, 06/30/62 (Call 12/30/61)		35		20,644
4.40%, 04/01/33 (Call 01/01/33)(a)		60		52,399
4.91%, 07/23/25 (Call 04/23/25)		125		123,273
5.38%, 05/01/47 (Call 11/01/46)		35		27,639
5.75%, 04/01/48 (Call 10/01/47)		67		55,684
6.48%, 10/23/45 (Call 04/23/45)		60		54,662
Discovery Communications LLC
3.95%, 03/20/28 (Call 12/20/27)		85		79,415
4.00%, 09/15/55 (Call 03/15/55)(a)		35		23,034
5.20%, 09/20/47 (Call 03/20/47)		45		36,597
Fox Corp.
4.71%, 01/25/29 (Call 10/25/28)(a)		50		48,809
5.48%, 01/25/39 (Call 07/25/38)		25		23,194
5.58%, 01/25/49 (Call 07/25/48)		10		9,130
6.50%, 10/13/33 (Call 07/13/33)		10		10,495
Paramount Global
4.38%, 03/15/43		25		16,715
4.95%, 01/15/31 (Call 10/15/30)		45		39,443
4.95%, 05/19/50 (Call 11/19/49)		25		17,779
5.85%, 09/01/43 (Call 03/01/43)		10		8,077
6.88%, 04/30/36		10		9,174
Thomson Reuters Corp., 5.85%, 04/15/40		5		5,079
Time Warner Cable LLC
5.50%, 09/01/41 (Call 03/01/41)		35		28,783
6.55%, 05/01/37		20		18,726
6.75%, 06/15/39		35		32,929
7.30%, 07/01/38		25		24,947
				897,512
Mining — 0.6%
Barrick North America Finance LLC, 5.70%, 05/30/41		35		35,447
Freeport-McMoRan Inc.
4.13%, 03/01/28 (Call 04/01/24)		38		36,094
5.40%, 11/14/34 (Call 05/14/34)(a)		20		19,422
5.45%, 03/15/43 (Call 09/15/42)		25		23,247
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		25		20,963
2.60%, 07/15/32 (Call 04/15/32)		46		37,847
4.88%, 03/15/42 (Call 09/15/41)		35		32,192
				205,212

Security	Par (000)		Value
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp., 3.28%, 12/01/28
(Call 10/01/28)	$	54	$	48,588
Oil & Gas — 3.2%
Apache Corp., 4.25%, 01/15/30 (Call 10/15/29)(a)		20		18,343
Canadian Natural Resources Ltd.
3.85%, 06/01/27 (Call 03/01/27)		35		33,517
4.95%, 06/01/47 (Call 12/01/46)		15		12,992
6.25%, 03/15/38		25		25,679
Cenovus Energy Inc.
3.75%, 02/15/52 (Call 08/15/51)(a)		25		17,803
6.75%, 11/15/39		8		8,634
Continental Resources Inc./OK, 4.90%, 06/01/44
(Call 12/01/43)(a)		25		20,280
Devon Energy Corp.
4.50%, 01/15/30 (Call 01/15/25)(a)		24		22,899
5.00%, 06/15/45 (Call 12/15/44)		20		17,278
5.60%, 07/15/41 (Call 01/15/41)		20		18,767
Diamondback Energy Inc.
3.50%, 12/01/29 (Call 09/01/29)		70		64,316
4.25%, 03/15/52 (Call 09/15/51)		20		15,785
EQT Corp., 5.70%, 04/01/28 (Call 03/01/28)		43		43,363
Hess Corp.
5.60%, 02/15/41(a)		35		35,237
7.30%, 08/15/31		32		35,960
Marathon Oil Corp.
4.40%, 07/15/27 (Call 04/15/27)		28		27,188
5.20%, 06/01/45 (Call 12/01/44)		15		12,975
6.60%, 10/01/37		10		10,362
Marathon Petroleum Corp.
4.70%, 05/01/25 (Call 04/01/25)		75		74,283
6.50%, 03/01/41 (Call 09/01/40)		30		31,814
Occidental Petroleum Corp.
5.55%, 03/15/26 (Call 12/15/25)		35		35,176
6.60%, 03/15/46 (Call 09/15/45)(a)		35		37,131
7.50%, 05/01/31		60		66,218
8.88%, 07/15/30 (Call 01/15/30)		30		34,770
Ovintiv Inc., 6.50%, 08/15/34		20		20,941
Phillips 66, 4.88%, 11/15/44 (Call 05/15/44)		35		31,937
Phillips 66 Co.
3.15%, 12/15/29 (Call 09/15/29)		30		27,076
4.95%, 12/01/27 (Call 11/01/27)(a)		30		29,901
Pioneer Natural Resources Co., 1.13%, 01/15/26
(Call 12/15/25)		112		104,041
Suncor Energy Inc.
3.75%, 03/04/51 (Call 09/04/50)		35		25,456
6.80%, 05/15/38		35		37,280
Valero Energy Corp.
2.80%, 12/01/31 (Call 09/01/31)(a)		30		25,265
3.65%, 12/01/51 (Call 06/01/51)		20		14,096
4.35%, 06/01/28 (Call 03/01/28)		35		34,056
6.63%, 06/15/37		25		26,757
				1,097,576
Oil & Gas Services — 0.4%
Halliburton Co.
4.50%, 11/15/41 (Call 05/15/41)		25		22,022
4.85%, 11/15/35 (Call 05/15/35)		25		23,945
5.00%, 11/15/45 (Call 05/15/45)(a)		40		37,168
7.45%, 09/15/39		15		18,002

22 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas Services (continued)
NOV Inc.
3.60%, 12/01/29 (Call 09/01/29)	$	20	$	18,273
3.95%, 12/01/42 (Call 06/01/42)		20		14,876
				134,286
Packaging & Containers — 0.5%
Amcor Flexibles North America Inc., 2.69%, 05/25/31
(Call 02/25/31)		40		33,765
Packaging Corp. of America, 3.05%, 10/01/51
(Call 04/01/51)(a)		20		13,325
Sonoco Products Co.
2.85%, 02/01/32 (Call 11/01/31)		28		23,621
5.75%, 11/01/40 (Call 05/01/40)		15		15,071
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)(a)		15		12,635
3.75%, 03/15/25 (Call 01/15/25)		31		30,485
4.90%, 03/15/29 (Call 12/15/28)(a)		25		24,802
				153,704
Pharmaceuticals — 4.1%
Becton Dickinson and Co.
1.96%, 02/11/31 (Call 11/11/30)		44		35,800
3.36%, 06/06/24 (Call 04/06/24)		37		36,782
3.79%, 05/20/50 (Call 11/20/49)		15		11,581
4.67%, 06/06/47 (Call 12/06/46)		35		30,916
4.69%, 02/13/28 (Call 01/13/28)		46		45,303
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		30		28,422
4.37%, 06/15/47 (Call 12/15/46)		15		12,293
Cencora Inc.
2.80%, 05/15/30 (Call 02/15/30)		30		26,379
4.30%, 12/15/47 (Call 06/15/47)		20		16,961
Cigna Group (The)
3.40%, 03/15/50 (Call 09/15/49)		25		17,443
3.40%, 03/15/51 (Call 09/15/50)		43		29,902
4.38%, 10/15/28 (Call 07/15/28)		113		109,584
4.80%, 07/15/46 (Call 01/16/46)		50		44,752
5.40%, 03/15/33 (Call 12/15/32)(a)		55		55,151
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)(a)		30		26,372
2.13%, 09/15/31 (Call 06/15/31)		35		28,218
3.88%, 07/20/25 (Call 04/20/25)		65		63,671
4.30%, 03/25/28 (Call 12/25/27)		60		58,223
4.78%, 03/25/38 (Call 09/25/37)		85		77,043
5.00%, 02/20/26 (Call 01/20/26)		36		35,834
5.05%, 03/25/48 (Call 09/25/47)		110		98,044
5.13%, 02/21/30 (Call 12/21/29)		65		64,604
5.25%, 02/21/33 (Call 11/21/32)		48		47,401
5.63%, 02/21/53 (Call 08/21/52)		74		70,937
McKesson Corp., 0.90%, 12/03/25 (Call 11/03/25)(a)		75		69,648
Mylan Inc., 5.20%, 04/15/48 (Call 10/15/47)		35		28,722
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)		25		23,805
Utah Acquisition Sub Inc., 3.95%, 06/15/26
(Call 03/15/26)		25		24,139
Viatris Inc.
2.70%, 06/22/30 (Call 03/22/30)		45		37,901
4.00%, 06/22/50 (Call 12/22/49)		30		20,488
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)		52		43,558
4.70%, 02/01/43 (Call 08/01/42)		30		27,408

Security	Par (000)		Value
Pharmaceuticals (continued)
5.40%, 11/14/25 (Call 10/14/25)	$	30	$	30,055
				1,377,340
Pipelines — 6.7%
Boardwalk Pipelines LP
3.40%, 02/15/31 (Call 11/15/30)		25		21,967
5.95%, 06/01/26 (Call 03/01/26)		18		18,126
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39 (Call 07/04/39)		19		14,807
5.13%, 06/30/27 (Call 01/01/27)		45		44,782
5.88%, 03/31/25 (Call 10/02/24)		25		25,001
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)		45		37,572
5.95%, 06/30/33 (Call 12/30/32)		25		25,023
Columbia Pipeline Group Inc., 5.80%, 06/01/45
(Call 12/01/44)		15		14,502
Enbridge Inc.
2.50%, 08/01/33 (Call 05/01/33)(a)		25		19,706
3.50%, 06/10/24 (Call 04/01/24)		25		24,833
4.00%, 11/15/49 (Call 05/15/49)		25		19,278
5.70%, 03/08/33 (Call 12/08/32)		50		50,534
Energy Transfer LP
3.75%, 05/15/30 (Call 02/15/30)		53		48,337
4.15%, 09/15/29 (Call 06/15/29)		36		33,990
4.75%, 01/15/26 (Call 10/15/25)		50		49,398
5.00%, 05/15/44 (Call 11/15/43)		42		36,335
5.00%, 05/15/50 (Call 11/15/49)(a)		70		60,425
5.15%, 03/15/45 (Call 09/15/44)		35		31,240
5.50%, 06/01/27 (Call 03/01/27)		71		71,233
5.75%, 02/15/33 (Call 11/15/32)		35		35,171
6.25%, 04/15/49 (Call 10/15/48)		34		34,307
6.55%, 12/01/33 (Call 09/01/33)		30		31,757
Kinder Morgan Energy Partners LP
5.50%, 03/01/44 (Call 09/01/43)		39		36,074
6.95%, 01/15/38		45		48,551
Kinder Morgan Inc.
1.75%, 11/15/26 (Call 10/15/26)		36		32,868
3.60%, 02/15/51 (Call 08/15/50)		45		30,882
4.30%, 06/01/25 (Call 03/01/25)		87		85,739
5.20%, 06/01/33 (Call 03/01/33)		25		24,278
5.55%, 06/01/45 (Call 12/01/44)		40		37,540
7.75%, 01/15/32		25		28,151
Magellan Midstream Partners LP, 3.95%, 03/01/50
(Call 09/01/49)		30		21,966
MPLX LP
1.75%, 03/01/26 (Call 02/01/26)(a)		57		53,170
2.65%, 08/15/30 (Call 05/15/30)		60		50,995
4.50%, 04/15/38 (Call 10/15/37)		40		34,798
5.50%, 02/15/49 (Call 08/15/48)		45		42,011
5.65%, 03/01/53 (Call 09/01/52)		35		33,246
ONEOK Inc.
4.00%, 07/13/27 (Call 04/13/27)		39		37,593
4.25%, 09/15/46		25		19,348
5.20%, 07/15/48 (Call 01/15/48)		40		36,003
5.85%, 01/15/26 (Call 12/15/25)		20		20,178
6.10%, 11/15/32 (Call 08/15/32)		35		36,166
6.35%, 01/15/31 (Call 10/15/30)		10		10,480
6.63%, 09/01/53 (Call 03/01/53)(a)		25		26,799
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)		45		40,804
5.15%, 06/01/42 (Call 12/01/41)		21		18,546

S C H E D U L E  O F  I N V E S T M E N T S 23

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
Sabine Pass Liquefaction LLC
4.50%, 05/15/30 (Call 11/15/29)	$	60	$	57,404
5.63%, 03/01/25 (Call 12/01/24)		52		51,951
Spectra Energy Partners LP, 4.50%, 03/15/45
(Call 09/15/44)		25		20,977
Targa Resources Corp.
4.20%, 02/01/33 (Call 11/01/32)		40		35,891
6.13%, 03/15/33 (Call 12/15/32)		25		25,712
6.25%, 07/01/52 (Call 01/01/52)(a)		25		25,360
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 6.88%, 01/15/29 (Call 04/01/24)(a)		60		61,816
TransCanada PipeLines Ltd.
2.50%, 10/12/31 (Call 07/12/31)		42		34,431
4.25%, 05/15/28 (Call 02/15/28)		25		24,051
5.10%, 03/15/49 (Call 09/15/48)(a)		35		32,142
6.20%, 10/15/37		35		36,023
7.63%, 01/15/39		26		30,336
Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/26 (Call 11/01/25)		24		24,934
Western Midstream Operating LP
4.05%, 02/01/30 (Call 11/01/29)		40		37,031
5.25%, 02/01/50 (Call 08/01/49)		35		31,067
Williams Companies Inc. (The)
2.60%, 03/15/31 (Call 12/15/30)		65		54,689
3.50%, 10/15/51 (Call 04/15/51)		25		17,330
3.75%, 06/15/27 (Call 03/15/27)		30		28,688
5.10%, 09/15/45 (Call 03/15/45)		35		31,963
5.40%, 03/02/26		25		25,052
6.30%, 04/15/40		30		31,066
				2,272,424
Real Estate — 0.0%
CBRE Services Inc., 2.50%, 04/01/31 (Call 01/01/31)		15		12,325
Real Estate Investment Trusts — 4.6%
Alexandria Real Estate Equities Inc.
2.00%, 05/18/32 (Call 02/18/32)		68		52,580
4.00%, 02/01/50 (Call 08/01/49)		15		11,336
5.15%, 04/15/53 (Call 10/15/52)(a)		25		22,638
American Homes 4 Rent LP, 3.63%, 04/15/32
(Call 01/15/32)		10		8,720
American Tower Corp.
2.40%, 03/15/25 (Call 02/15/25)		25		24,181
3.10%, 06/15/50 (Call 12/15/49)		70		45,666
3.38%, 10/15/26 (Call 07/15/26)		72		68,669
3.80%, 08/15/29 (Call 05/15/29)		120		111,086
Boston Properties LP
2.75%, 10/01/26 (Call 07/01/26)		20		18,501
2.90%, 03/15/30 (Call 12/15/29)		45		37,958
3.25%, 01/30/31 (Call 10/30/30)		40		33,710
3.65%, 02/01/26 (Call 11/03/25)		25		24,038
Brixmor Operating Partnership LP
2.50%, 08/16/31 (Call 05/16/31)		30		24,365
4.13%, 06/15/26 (Call 03/15/26)		26		25,200
Crown Castle Inc.
2.90%, 04/01/41 (Call 10/01/40)		34		23,560
3.25%, 01/15/51 (Call 07/15/50)(a)		15		10,138
3.80%, 02/15/28 (Call 11/15/27)		150		141,173
CubeSmart LP, 2.25%, 12/15/28 (Call 10/15/28)		20		17,460
Digital Realty Trust LP, 3.70%, 08/15/27 (Call 05/15/27)		65		61,980
Equinix Inc.
1.45%, 05/15/26 (Call 04/15/26)		31		28,523

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
2.15%, 07/15/30 (Call 04/15/30)	$	70	$	57,949
2.95%, 09/15/51 (Call 03/15/51)		17		10,806
Essex Portfolio LP, 2.65%, 03/15/32 (Call 12/15/31)(a)		30		24,383
Extra Space Storage LP, 2.40%, 10/15/31
(Call 07/15/31)		25		20,160
GLP Capital LP/GLP Financing II Inc.
5.30%, 01/15/29 (Call 10/15/28)		25		24,312
5.75%, 06/01/28 (Call 03/03/28)		31		30,812
Healthcare Realty Holdings LP, 3.75%, 07/01/27
(Call 04/01/27)(a)		59		55,269
Healthpeak OP LLC
2.13%, 12/01/28 (Call 10/01/28)		45		39,126
3.00%, 01/15/30 (Call 10/15/29)		37		32,495
Host Hotels & Resorts LP, Series H, 3.38%, 12/15/29
(Call 09/15/29)		25		22,121
Invitation Homes Operating Partnership LP, 2.30%, 11/15/28 (Call 09/15/28)		46		40,245
Kimco Realty OP LLC
2.70%, 10/01/30 (Call 07/01/30)		30		25,545
3.30%, 02/01/25 (Call 12/01/24)		10		9,784
6.40%, 03/01/34 (Call 12/01/33)		20		21,044
Omega Healthcare Investors Inc., 3.25%, 04/15/33
(Call 01/15/33)		25		19,916
Sabra Health Care LP, 3.20%, 12/01/31 (Call 09/01/31)		35		28,393
Ventas Realty LP, 4.75%, 11/15/30 (Call 08/15/30)		39		37,350
VICI Properties LP
4.38%, 05/15/25		56		55,062
4.75%, 02/15/28 (Call 01/15/28)		50		48,464
5.63%, 05/15/52 (Call 11/15/51)		17		15,336
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		35		30,324
2.75%, 01/15/32 (Call 10/15/31)		25		20,784
2.80%, 06/01/31 (Call 03/01/31)		30		25,484
4.00%, 06/01/25 (Call 03/01/25)		10		9,815
4.95%, 09/01/48 (Call 03/01/48)		16		14,424
Weyerhaeuser Co.
4.00%, 11/15/29 (Call 08/15/29)		25		23,491
7.38%, 03/15/32		30		33,834
				1,568,210
Retail — 3.4%
AutoNation Inc., 3.85%, 03/01/32 (Call 12/01/31)(a)		10		8,722
AutoZone Inc.
1.65%, 01/15/31 (Call 10/15/30)		25		19,868
4.75%, 08/01/32 (Call 05/01/32)		33		31,684
4.75%, 02/01/33 (Call 11/01/32)		25		23,946
Best Buy Co. Inc., 1.95%, 10/01/30 (Call 07/01/30)(a)		24		19,637
Dick’s Sporting Goods Inc., 4.10%, 01/15/52
(Call 07/15/51)(a)		10		7,052
Dollar General Corp.
3.50%, 04/03/30 (Call 01/03/30)		32		28,936
3.88%, 04/15/27 (Call 01/15/27)		35		33,674
4.13%, 04/03/50 (Call 10/03/49)		15		11,442
5.45%, 07/05/33 (Call 04/05/33)(a)		10		9,931
Dollar Tree Inc.
4.00%, 05/15/25 (Call 03/15/25)		46		45,179
4.20%, 05/15/28 (Call 02/15/28)		25		24,108
Genuine Parts Co., 2.75%, 02/01/32 (Call 11/01/31)		20		16,477
Lowe’s Companies Inc.
1.70%, 10/15/30 (Call 07/15/30)		61		49,544
2.50%, 04/15/26 (Call 01/15/26)		65		61,674
3.70%, 04/15/46 (Call 10/15/45)		45		33,913

24 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
4.25%, 04/01/52 (Call 10/01/51)	$	40	$	32,065
4.80%, 04/01/26 (Call 03/01/26)		50		49,667
5.00%, 04/15/33 (Call 01/15/33)		40		39,445
5.80%, 09/15/62 (Call 03/15/62)		30		29,872
5.85%, 04/01/63 (Call 10/01/62)		30		30,206
McDonald’s Corp.
3.30%, 07/01/25 (Call 06/01/25)		36		35,144
3.38%, 05/26/25 (Call 02/26/25)		25		24,429
3.60%, 07/01/30 (Call 04/01/30)		70		64,952
3.63%, 09/01/49 (Call 03/01/49)		45		33,552
3.70%, 01/30/26 (Call 10/30/25)(a)		25		24,411
4.88%, 12/09/45 (Call 06/09/45)		32		29,481
4.95%, 08/14/33 (Call 05/14/33)(a)		35		34,633
5.45%, 08/14/53 (Call 02/14/53)		30		29,852
6.30%, 03/01/38		20		21,778
O’Reilly Automotive Inc., 3.90%, 06/01/29 (Call 03/01/29)		60		56,866
Starbucks Corp.
2.55%, 11/15/30 (Call 08/15/30)		45		38,588
3.00%, 02/14/32 (Call 11/14/31)		15		12,998
3.50%, 11/15/50 (Call 05/15/50)		36		26,276
4.45%, 08/15/49 (Call 02/15/49)		21		17,972
4.75%, 02/15/26 (Call 01/15/26)		68		67,554
Tractor Supply Co., 5.25%, 05/15/33 (Call 02/15/33)(a)		35		34,767
				1,160,295
Semiconductors — 2.3%
Broadcom Corp./Broadcom Cayman Finance Ltd.,
3.88%, 01/15/27 (Call 10/15/26)		75		72,442
Broadcom Inc.
2.45%, 02/15/31 (Call 11/15/30)(d)		105		87,417
3.14%, 11/15/35 (Call 08/15/35)(d)		60		47,578
3.42%, 04/15/33 (Call 01/15/33)(d)		105		89,565
3.47%, 04/15/34 (Call 01/15/34)(d)		20		16,856
3.50%, 02/15/41 (Call 08/15/40)(d)		50		38,241
3.75%, 02/15/51 (Call 08/15/50)(d)		15		11,221
4.00%, 04/15/29 (Call 02/15/29)(d)		60		56,847
4.93%, 05/15/37 (Call 02/15/37)(d)		20		18,630
Marvell Technology Inc.
2.45%, 04/15/28 (Call 02/15/28)		35		31,450
2.95%, 04/15/31 (Call 01/15/31)		32		27,355
Microchip Technology Inc., 4.25%, 09/01/25
(Call 04/01/24)		31		30,857
Micron Technology Inc.
3.48%, 11/01/51 (Call 05/01/51)		15		10,383
4.19%, 02/15/27 (Call 12/15/26)		35		33,987
4.66%, 02/15/30 (Call 11/15/29)		64		61,919
6.75%, 11/01/29 (Call 09/01/29)		41		43,524
NXP BV/NXP Funding LLC/NXP USA Inc.
2.65%, 02/15/32 (Call 11/15/31)		10		8,199
3.13%, 02/15/42 (Call 08/15/41)		15		10,652
3.25%, 05/11/41 (Call 11/11/40)		15		10,980
3.25%, 11/30/51 (Call 05/30/51)		5		3,362
3.88%, 06/18/26 (Call 04/18/26)		21		20,338
4.30%, 06/18/29 (Call 03/18/29)		41		39,190
5.00%, 01/15/33 (Call 10/15/32)		25		24,135
				795,128
Shipbuilding — 0.1%
Huntington Ingalls Industries Inc., 3.84%, 05/01/25 (Call 04/01/25)		25		24,497

Security	Par (000)		Value
Software — 4.3%
Autodesk Inc., 2.40%, 12/15/31 (Call 09/15/31)	$	26	$	21,528
Broadridge Financial Solutions Inc., 2.60%, 05/01/31 (Call 02/01/31)		29		24,244
Electronic Arts Inc., 2.95%, 02/15/51 (Call 08/15/50)(a)		25		16,619
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)(a)		62		57,428
3.10%, 03/01/41 (Call 09/01/40)		20		14,383
5.10%, 07/15/32 (Call 04/15/32)(a)		20		19,974
Fiserv Inc.
3.20%, 07/01/26 (Call 05/01/26)		49		46,832
3.50%, 07/01/29 (Call 04/01/29)		75		68,876
4.40%, 07/01/49 (Call 01/01/49)		30		24,890
5.63%, 08/21/33 (Call 05/21/33)		40		40,365
Oracle Corp.
1.65%, 03/25/26 (Call 02/25/26)		41		38,077
2.50%, 04/01/25 (Call 03/01/25)		79		76,484
2.65%, 07/15/26 (Call 04/15/26)		25		23,565
2.88%, 03/25/31 (Call 12/25/30)		155		133,621
2.95%, 05/15/25 (Call 02/15/25)		50		48,494
2.95%, 04/01/30 (Call 01/01/30)		35		30,882
3.60%, 04/01/40 (Call 10/01/39)		95		73,323
3.60%, 04/01/50 (Call 10/01/49)		15		10,574
3.65%, 03/25/41 (Call 09/25/40)		80		61,367
3.85%, 04/01/60 (Call 10/01/59)		110		76,270
3.95%, 03/25/51 (Call 09/25/50)		65		48,514
4.00%, 07/15/46 (Call 01/15/46)		10		7,685
4.10%, 03/25/61 (Call 09/25/60)		35		25,563
4.30%, 07/08/34 (Call 01/08/34)		35		31,700
4.50%, 05/06/28 (Call 04/06/28)		75		73,475
5.55%, 02/06/53 (Call 08/06/52)		15		14,319
6.50%, 04/15/38		65		69,324
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		56		52,473
1.40%, 09/15/27 (Call 07/15/27)		41		36,234
1.75%, 02/15/31 (Call 11/15/30)		23		18,409
Take-Two Interactive Software Inc., 3.55%, 04/14/25		18		17,629
VMware LLC, 3.90%, 08/21/27 (Call 05/21/27)		110		104,876
Workday Inc., 3.50%, 04/01/27 (Call 03/01/27)		37		35,213
				1,443,210
Telecommunications — 9.7%
AT&T Inc.
1.70%, 03/25/26 (Call 03/11/24)		30		27,903
2.30%, 06/01/27 (Call 04/01/27)		150		137,402
2.55%, 12/01/33 (Call 09/01/33)		35		27,553
2.75%, 06/01/31 (Call 03/01/31)		125		106,481
3.50%, 06/01/41 (Call 12/01/40)		35		26,771
3.50%, 09/15/53 (Call 03/15/53)		174		119,534
3.55%, 09/15/55 (Call 03/15/55)		30		20,387
3.65%, 06/01/51 (Call 12/01/50)		30		21,581
3.65%, 09/15/59 (Call 03/15/59)		145		97,724
3.80%, 12/01/57 (Call 06/01/57)		85		59,728
4.25%, 03/01/27 (Call 12/01/26)(a)		25		24,367
4.50%, 05/15/35 (Call 11/15/34)		95		87,359
4.50%, 03/09/48 (Call 09/09/47)		45		37,635
5.40%, 02/15/34 (Call 11/15/33)		25		25,042
Bell Telephone Co. of Canada or Bell Canada
4.46%, 04/01/48 (Call 10/01/47)		35		29,647
Series US-4, 3.65%, 03/17/51 (Call 09/17/50)		30		22,052
British Telecommunications PLC, 9.63%, 12/15/30		50		61,197
Corning Inc.
4.38%, 11/15/57 (Call 05/15/57)		25		20,616

S C H E D U L E  O F  I N V E S T M E N T S 25

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
5.45%, 11/15/79 (Call 05/19/79)	$	12	$	11,099
Deutsche Telekom International Finance BV, 8.75%, 06/15/30		67		78,937
Motorola Solutions Inc.
2.75%, 05/24/31 (Call 02/24/31)		25		20,849
4.60%, 02/23/28 (Call 11/23/27)		22		21,499
5.60%, 06/01/32 (Call 03/01/32)		21		21,050
Orange SA
5.38%, 01/13/42		25		24,618
9.00%, 03/01/31		45		54,372
Rogers Communications Inc.
3.20%, 03/15/27 (Call 02/15/27)		71		66,824
3.63%, 12/15/25 (Call 09/15/25)		30		29,095
3.70%, 11/15/49 (Call 05/15/49)		60		43,376
5.00%, 03/15/44 (Call 09/15/43)		50		45,064
Sprint Capital Corp., 6.88%, 11/15/28		102		108,542
Telefonica Emisiones SA, 7.05%, 06/20/36(a)		25		27,487
Telefonica Europe BV, 8.25%, 09/15/30		60		68,135
TELUS Corp., 4.60%, 11/16/48 (Call 05/16/48)		25		21,343
T-Mobile USA Inc.
1.50%, 02/15/26 (Call 01/15/26)		57		53,017
2.55%, 02/15/31 (Call 11/15/30)		85		71,627
3.00%, 02/15/41 (Call 08/15/40)		55		39,745
3.30%, 02/15/51 (Call 08/15/50)		60		41,129
3.40%, 10/15/52 (Call 04/15/52)		15		10,411
3.50%, 04/15/25 (Call 03/15/25)		25		24,439
3.50%, 04/15/31 (Call 04/15/26)		35		31,250
3.60%, 11/15/60 (Call 05/15/60)		45		31,063
3.75%, 04/15/27 (Call 02/15/27)		85		81,429
3.88%, 04/15/30 (Call 01/15/30)		145		134,485
4.50%, 04/15/50 (Call 10/15/49)		65		54,959
4.95%, 03/15/28 (Call 02/15/28)		35		34,779
5.05%, 07/15/33 (Call 04/15/33)		40		39,058
5.65%, 01/15/53 (Call 07/15/52)		30		29,850
Verizon Communications Inc.
1.45%, 03/20/26 (Call 02/20/26)		148		137,209
1.68%, 10/30/30 (Call 07/30/30)		90		72,486
2.36%, 03/15/32 (Call 12/15/31)		35		28,375
2.55%, 03/21/31 (Call 12/21/30)		131		110,479
2.88%, 11/20/50 (Call 05/20/50)(a)		30		19,177
2.99%, 10/30/56 (Call 04/30/56)		85		52,576
3.40%, 03/22/41 (Call 09/22/40)		75		57,505
3.55%, 03/22/51 (Call 09/22/50)(a)		115		83,442
3.70%, 03/22/61 (Call 09/22/60)(a)		50		35,553
4.33%, 09/21/28(a)		116		112,502
4.86%, 08/21/46		70		64,130
5.05%, 05/09/33 (Call 02/09/33)		65		64,317
Vodafone Group PLC
4.25%, 09/17/50		15		11,775
4.38%, 05/30/28(a)		60		58,970
5.25%, 05/30/48(a)		45		41,780
5.75%, 02/10/63 (Call 08/10/62)		33		32,156
6.15%, 02/27/37		20		20,860
				3,275,802
Toys, Games & Hobbies — 0.1%
Hasbro Inc., 3.55%, 11/19/26 (Call 09/19/26)		35		33,228
Transportation — 1.7%
Canadian Pacific Railway Co.
1.75%, 12/02/26 (Call 11/02/26)		35		32,122
2.05%, 03/05/30 (Call 12/05/29)		25		21,062

Security	Par (000)		Value
Transportation (continued)
3.10%, 12/02/51 (Call 06/02/51)(a)	$	15	$	10,191
3.50%, 05/01/50 (Call 11/01/49)		15		10,964
6.13%, 09/15/2115 (Call 03/15/2115)		10		10,447
CSX Corp.
2.50%, 05/15/51 (Call 11/15/50)		40		24,384
2.60%, 11/01/26 (Call 08/01/26)		35		33,009
4.25%, 03/15/29 (Call 12/15/28)		95		92,445
4.25%, 11/01/66 (Call 05/01/66)		30		24,072
4.30%, 03/01/48 (Call 09/01/47)		35		29,923
4.50%, 11/15/52 (Call 05/15/52)(a)		5		4,373
FedEx Corp.
3.10%, 08/05/29 (Call 05/05/29)		75		68,133
3.25%, 05/15/41 (Call 11/15/40)		35		25,785
4.75%, 11/15/45 (Call 05/15/45)		30		26,259
5.25%, 05/15/50 (Call 11/15/49)(a)		35		32,919
Norfolk Southern Corp.
3.05%, 05/15/50 (Call 11/15/49)		65		43,536
3.16%, 05/15/55 (Call 11/15/54)		30		19,645
4.45%, 03/01/33 (Call 12/01/32)		30		28,549
5.35%, 08/01/54 (Call 02/01/54)		10		9,785
Ryder System Inc., 5.25%, 06/01/28 (Call 05/01/28)(a)		30		30,055
				577,658
Trucking & Leasing — 0.1%
GATX Corp.
3.10%, 06/01/51 (Call 12/01/50)		10		6,411
4.00%, 06/30/30 (Call 03/30/30)		35		32,325
				38,736
Water — 0.1%
Essential Utilities Inc.
3.35%, 04/15/50 (Call 10/15/49)		10		6,838
5.30%, 05/01/52 (Call 11/01/51)		15		13,889
				20,727
Total Long-Term Investments — 96.3% (Cost: $35,169,183)				32,670,697
	Shares
Short-Term Securities
Money Market Funds — 10.0%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(e)(f)(g)		2,750,612		2,751,987
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(e)(f)		630,000		630,000
Total Short-Term Securities — 10.0% (Cost: $3,381,217)				3,381,987
Total Investments — 106.3% (Cost: $38,550,400)				36,052,684
Liabilities in Excess of Other Assets — (6.3)%				(2,121,082	)
Net Assets — 100.0%			$	33,931,602

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

^(b)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

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

26 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® BBB Rated Corporate Bond ETF

^(d)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(e)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

	Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)				Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
	BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,369,056	$	1,383,174	(a)	$	—		$	224		$	(467	)	$	2,751,987		2,750,612	$	7,061	(b)	$	—
	BlackRock Cash Funds: Treasury, SL Agency Shares		690,000		—			(60,000	)(a)		—			—			630,000		630,000		39,761			—
										$	224		$	(467	)	$	3,381,987			$	46,822		$	—

^(a)  Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

		Level 1			Level 2			Level 3			Total
	Assets
	Investments
	Long-Term Investments
	Corporate Bonds & Notes	$	—		$	32,670,697		$	—		$	32,670,697
	Short-Term Securities
	Money Market Funds		3,381,987			—			—			3,381,987
		$	3,381,987		$	32,670,697		$	—		$	36,052,684

See notes to financial statements.

S C H E D U L E  O F  I N V E S T M E N T S 27

Schedule of Investments February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.1%
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)(a)	$	632	$	526,774
3.38%, 03/01/41 (Call 09/01/40)(a)		449		329,517
4.65%, 10/01/28 (Call 07/01/28)		1,208		1,184,288
4.75%, 03/30/30 (Call 12/30/29)		940		914,507
5.38%, 06/15/33 (Call 03/15/33)		553		546,989
5.40%, 10/01/48 (Call 04/01/48)		841		778,241
Omnicom Group Inc.
2.45%, 04/30/30 (Call 01/30/30)		1,023		873,827
2.60%, 08/01/31 (Call 05/01/31)		1,285		1,078,120
4.20%, 06/01/30 (Call 03/01/30)		1,107		1,048,464
Omnicom Group Inc./Omnicom Capital Inc., 3.60%, 04/15/26 (Call 01/15/26)		2,365		2,291,598
				9,572,325
Aerospace & Defense — 1.6%
Airbus SE
3.15%, 04/10/27 (Call 01/10/27)(a)(b)		1,380		1,316,962
3.95%, 04/10/47 (Call 10/10/46)(a)(b)		955		783,858
BAE Systems Finance Inc., 7.50%, 07/01/27(b)		825		881,572
BAE Systems Holdings Inc.
3.85%, 12/15/25 (Call 09/15/25)(b)		1,054		1,028,005
4.75%, 10/07/44(a)(b)		508		452,260
BAE Systems PLC
1.90%, 02/15/31 (Call 11/15/30)(b)		1,375		1,113,098
3.00%, 09/15/50 (Call 03/15/50)(b)		485		325,106
3.40%, 04/15/30 (Call 01/15/30)(b)		1,700		1,539,740
5.80%, 10/11/41(b)		567		571,821
Boeing Co. (The)
2.20%, 02/04/26 (Call 03/11/24)		6,755		6,337,032
2.25%, 06/15/26 (Call 03/15/26)		836		778,116
2.50%, 03/01/25 (Call 12/01/24)		397		384,069
2.60%, 10/30/25 (Call 07/30/25)(a)		855		815,355
2.70%, 02/01/27 (Call 12/01/26)		1,435		1,336,389
2.75%, 02/01/26 (Call 01/01/26)		1,530		1,452,939
2.80%, 03/01/27 (Call 12/01/26)		782		725,778
2.95%, 02/01/30 (Call 11/01/29)		1,495		1,310,288
3.10%, 05/01/26 (Call 03/01/26)		934		889,809
3.20%, 03/01/29 (Call 12/01/28)		1,320		1,194,206
3.25%, 02/01/28 (Call 12/01/27)		762		706,971
3.25%, 03/01/28 (Call 12/01/27)		747		691,061
3.25%, 02/01/35 (Call 11/01/34)		896		720,357
3.30%, 03/01/35 (Call 09/01/34)		198		154,882
3.38%, 06/15/46 (Call 12/15/45)(a)		580		393,729
3.45%, 11/01/28 (Call 08/01/28)(a)		717		662,231
3.50%, 03/01/39 (Call 09/01/38)		607		460,435
3.50%, 03/01/45 (Call 09/01/44)		567		390,070
3.55%, 03/01/38 (Call 09/01/37)		515		398,509
3.60%, 05/01/34 (Call 02/01/34)		1,123		943,922
3.63%, 02/01/31 (Call 11/01/30)		1,445		1,294,141
3.63%, 03/01/48 (Call 09/01/47)		693		480,086
3.65%, 03/01/47 (Call 09/01/46)(a)		470		330,525
3.75%, 02/01/50 (Call 08/01/49)(a)		1,688		1,198,410
3.83%, 03/01/59 (Call 09/01/58)(a)		799		554,624
3.85%, 11/01/48 (Call 05/01/48)		646		468,434
3.90%, 05/01/49 (Call 11/01/48)		1,287		949,936
3.95%, 08/01/59 (Call 02/01/59)		1,357		967,233
4.88%, 05/01/25 (Call 04/01/25)		3,083		3,054,456
5.04%, 05/01/27 (Call 03/01/27)		2,755		2,729,030
5.15%, 05/01/30 (Call 02/01/30)		5,005		4,921,246

Security	Par (000)		Value
Aerospace & Defense (continued)
5.71%, 05/01/40 (Call 11/01/39)	$	3,820	$	3,721,088
5.81%, 05/01/50 (Call 11/01/49)		6,549		6,312,452
5.88%, 02/15/40		670		660,042
5.93%, 05/01/60 (Call 11/01/59)		4,387		4,200,062
6.13%, 02/15/33(a)		634		657,515
6.63%, 02/15/38(a)		487		517,112
6.88%, 03/15/39		688		746,909
General Dynamics Corp.
1.15%, 06/01/26 (Call 05/01/26)(a)		1,172		1,079,646
2.13%, 08/15/26 (Call 05/15/26)		121		113,240
2.25%, 06/01/31 (Call 03/01/31)		845		710,018
2.63%, 11/15/27 (Call 08/15/27)(a)		695		642,867
2.85%, 06/01/41 (Call 12/01/40)		860		623,129
3.25%, 04/01/25 (Call 03/01/25)		926		906,629
3.50%, 05/15/25 (Call 03/15/25)(a)		881		864,213
3.50%, 04/01/27 (Call 02/01/27)		1,248		1,200,897
3.60%, 11/15/42 (Call 05/15/42)(a)		424		338,605
3.63%, 04/01/30 (Call 01/01/30)		1,347		1,258,228
3.75%, 05/15/28 (Call 02/15/28)(a)		1,361		1,311,181
4.25%, 04/01/40 (Call 10/01/39)		1,032		917,556
4.25%, 04/01/50 (Call 10/01/49)		1,135		978,837
HEICO Corp.
5.25%, 08/01/28 (Call 07/01/28)(a)		575		579,576
5.35%, 08/01/33 (Call 05/01/33)		715		711,350
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		405		385,968
4.95%, 08/15/25 (Call 05/15/25)		355		349,387
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)		645		578,484
5.90%, 02/01/27		340		343,250
5.95%, 02/01/37(a)		720		731,089
6.75%, 01/15/28		290		302,362
L3Harris Technologies Inc.
1.80%, 01/15/31 (Call 10/15/30)		1,078		867,408
2.90%, 12/15/29 (Call 09/15/29)		1,031		914,171
3.83%, 04/27/25 (Call 01/27/25)		941		923,737
3.85%, 12/15/26 (Call 09/15/26)		977		943,685
4.40%, 06/15/28 (Call 03/15/28)		2,457		2,388,538
4.85%, 04/27/35 (Call 10/27/34)		632		600,782
5.05%, 04/27/45 (Call 10/27/44)		889		832,920
5.40%, 01/15/27		1,300		1,308,089
5.40%, 07/31/33 (Call 04/30/33)		1,425		1,426,008
5.60%, 07/31/53 (Call 01/31/53)		315		317,552
6.15%, 12/15/40(a)		431		452,738
Lockheed Martin Corp.
1.85%, 06/15/30 (Call 03/15/30)		835		698,408
2.80%, 06/15/50 (Call 12/15/49)		1,236		817,249
3.55%, 01/15/26 (Call 10/15/25)(a)		1,376		1,340,943
3.60%, 03/01/35 (Call 09/01/34)		949		830,577
3.80%, 03/01/45 (Call 09/01/44)		1,444		1,169,924
3.90%, 06/15/32 (Call 03/15/32)		1,140		1,058,241
4.07%, 12/15/42		1,605		1,374,571
4.09%, 09/15/52 (Call 03/15/52)		1,611		1,339,373
4.15%, 06/15/53 (Call 12/15/52)		1,215		1,008,100
4.30%, 06/15/62 (Call 12/15/61)		989		828,072
4.45%, 05/15/28 (Call 04/15/28)		688		678,212
4.50%, 02/15/29 (Call 01/15/29)		545		535,533
4.50%, 05/15/36 (Call 11/15/35)		787		743,965
4.70%, 05/15/46 (Call 11/15/45)		1,267		1,167,707
4.75%, 02/15/34 (Call 11/15/33)(a)		995		972,199
4.80%, 08/15/34 (Call 05/15/34)		625		611,148

28 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Aerospace & Defense (continued)
4.95%, 10/15/25 (Call 09/15/25)	$	604	$	602,992
5.10%, 11/15/27 (Call 10/15/27)(a)		1,432		1,447,840
5.20%, 02/15/55 (Call 08/15/54)		360		353,620
5.20%, 02/15/64 (Call 08/15/63)		450		439,467
5.25%, 01/15/33 (Call 10/15/32)(a)		1,395		1,423,838
5.70%, 11/15/54 (Call 05/15/54)(a)		1,360		1,435,540
5.72%, 06/01/40		275		288,087
5.90%, 11/15/63 (Call 05/15/63)		1,035		1,126,803
Series B, 6.15%, 09/01/36		840		909,093
Northrop Grumman Corp.
3.20%, 02/01/27 (Call 11/01/26)		996		948,949
3.25%, 01/15/28 (Call 10/15/27)		2,299		2,156,011
3.85%, 04/15/45 (Call 10/15/44)		838		666,246
4.03%, 10/15/47 (Call 04/15/47)		2,684		2,166,280
4.40%, 05/01/30 (Call 02/01/30)		1,461		1,407,478
4.60%, 02/01/29 (Call 01/01/29)		750		734,459
4.70%, 03/15/33 (Call 12/15/32)		1,345		1,298,340
4.75%, 06/01/43		1,604		1,456,725
4.90%, 06/01/34 (Call 03/01/34)		820		798,205
4.95%, 03/15/53 (Call 09/15/52)(a)		740		683,903
5.05%, 11/15/40		774		741,843
5.15%, 05/01/40 (Call 11/01/39)		661		641,668
5.20%, 06/01/54 (Call 12/01/53)		1,500		1,438,796
5.25%, 05/01/50 (Call 11/01/49)		1,105		1,065,364
Northrop Grumman Systems Corp., 7.75%, 02/15/31		180		204,585
RTX Corp.
1.90%, 09/01/31 (Call 06/01/31)		1,390		1,108,404
2.25%, 07/01/30 (Call 04/01/30)(a)		1,071		906,434
2.38%, 03/15/32 (Call 12/15/31)		1,797		1,463,346
2.65%, 11/01/26 (Call 08/01/26)(a)		1,032		971,573
2.82%, 09/01/51 (Call 03/01/51)		1,585		991,107
3.03%, 03/15/52 (Call 09/15/51)		1,275		833,478
3.13%, 05/04/27 (Call 02/04/27)		1,005		948,382
3.13%, 07/01/50 (Call 01/01/50)		1,315		884,497
3.50%, 03/15/27 (Call 12/15/26)		1,880		1,796,800
3.75%, 11/01/46 (Call 05/01/46)		1,827		1,394,557
3.95%, 08/16/25 (Call 06/16/25)		1,510		1,481,126
4.05%, 05/04/47 (Call 11/04/46)		1,017		814,907
4.13%, 11/16/28 (Call 08/16/28)		3,299		3,165,710
4.15%, 05/15/45 (Call 11/16/44)		1,252		1,027,376
4.20%, 12/15/44 (Call 06/15/44)(a)		330		261,269
4.35%, 04/15/47 (Call 10/15/46)		1,528		1,279,091
4.45%, 11/16/38 (Call 05/16/38)		1,194		1,064,318
4.50%, 06/01/42		4,284		3,745,542
4.63%, 11/16/48 (Call 05/16/48)		2,120		1,852,446
4.70%, 12/15/41		590		527,285
4.80%, 12/15/43 (Call 06/15/43)		789		710,152
4.88%, 10/15/40		456		420,710
5.00%, 02/27/26 (Call 01/27/26)		470		468,861
5.15%, 02/27/33 (Call 11/27/32)		1,425		1,411,012
5.38%, 02/27/53 (Call 08/27/52)(a)		1,610		1,561,739
5.40%, 05/01/35(a)		675		680,042
5.70%, 04/15/40(a)		475		476,569
5.75%, 11/08/26 (Call 10/08/26)		1,495		1,516,380
5.75%, 01/15/29 (Call 12/15/28)		1,050		1,081,134
6.00%, 03/15/31 (Call 01/15/31)		2,025		2,108,978
6.05%, 06/01/36(a)		555		577,913
6.10%, 03/15/34 (Call 12/15/33)(a)		1,720		1,816,027
6.13%, 07/15/38		805		848,598
6.40%, 03/15/54 (Call 09/15/53)(a)		1,460		1,616,221

Security	Par (000)		Value
Aerospace & Defense (continued)
6.70%, 08/01/28(a)	$	615	$	653,491
7.20%, 08/15/27		150		158,258
7.50%, 09/15/29		1,235		1,369,982
				172,028,080
Agriculture — 1.3%
Altria Group Inc.
2.35%, 05/06/25 (Call 04/06/25)		1,141		1,101,796
2.45%, 02/04/32 (Call 11/04/31)		2,620		2,098,331
2.63%, 09/16/26 (Call 06/16/26)		930		873,492
3.40%, 05/06/30 (Call 02/06/30)		1,088		979,235
3.40%, 02/04/41 (Call 08/04/40)		2,146		1,543,275
3.70%, 02/04/51 (Call 08/04/50)		1,791		1,219,400
3.88%, 09/16/46 (Call 03/16/46)		2,089		1,536,945
4.00%, 02/04/61 (Call 08/04/60)(a)		1,135		816,634
4.25%, 08/09/42		995		797,654
4.40%, 02/14/26 (Call 12/14/25)		1,619		1,593,875
4.45%, 05/06/50 (Call 11/06/49)		557		439,256
4.50%, 05/02/43		872		723,930
4.80%, 02/14/29 (Call 11/14/28)(a)		2,834		2,782,624
5.38%, 01/31/44		1,855		1,802,821
5.80%, 02/14/39 (Call 08/14/38)		2,544		2,536,881
5.95%, 02/14/49 (Call 08/14/48)		3,146		3,133,995
6.20%, 11/01/28 (Call 10/01/28)(a)		450		467,689
6.20%, 02/14/59 (Call 08/14/58)		488		495,890
6.88%, 11/01/33 (Call 08/01/33)		580		626,617
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)(a)		1,500		1,411,664
2.70%, 09/15/51 (Call 03/15/51)(a)		1,190		752,616
2.90%, 03/01/32 (Call 12/01/31)		955		814,258
3.25%, 03/27/30 (Call 12/27/29)(a)		1,117		1,009,961
3.75%, 09/15/47 (Call 03/15/47)		780		591,140
4.02%, 04/16/43		663		543,611
4.50%, 08/15/33 (Call 05/15/33)(a)		185		176,991
4.50%, 03/15/49 (Call 09/15/48)(a)		660		573,557
4.54%, 03/26/42(a)		430		384,000
5.38%, 09/15/35		575		574,180
5.77%, 03/01/41(c)		255		257,974
5.94%, 10/01/32(a)		511		538,971
BAT Capital Corp.
2.26%, 03/25/28 (Call 01/25/28)		2,048		1,812,319
2.73%, 03/25/31 (Call 12/25/30)		1,424		1,173,946
3.22%, 09/06/26 (Call 07/06/26)		1,210		1,147,396
3.46%, 09/06/29 (Call 06/06/29)		1,122		1,015,226
3.56%, 08/15/27 (Call 05/15/27)		2,108		1,992,804
3.73%, 09/25/40 (Call 03/25/40)(a)		1,140		829,115
3.98%, 09/25/50 (Call 03/25/50)		1,411		963,061
4.39%, 08/15/37 (Call 02/15/37)(a)		3,138		2,573,480
4.54%, 08/15/47 (Call 02/15/47)		3,199		2,399,326
4.70%, 04/02/27 (Call 02/02/27)		1,669		1,633,425
4.74%, 03/16/32 (Call 12/16/31)(a)		1,337		1,257,747
4.76%, 09/06/49 (Call 03/06/49)		1,441		1,114,815
4.91%, 04/02/30 (Call 01/02/30)		1,596		1,551,069
5.28%, 04/02/50 (Call 10/02/49)		648		537,279
5.65%, 03/16/52 (Call 09/16/51)(a)		869		763,316
5.83%, 02/20/31 (Call 12/20/30)		340		338,824
6.00%, 02/20/34 (Call 11/20/33)		240		237,426
6.34%, 08/02/30 (Call 06/02/30)		975		1,006,880
6.42%, 08/02/33 (Call 05/02/33)(a)		1,625		1,671,640
7.08%, 08/02/43 (Call 02/02/43)		890		927,464
7.08%, 08/02/53 (Call 02/02/53)		1,390		1,438,955
7.75%, 10/19/32 (Call 07/19/32)		700		782,313

S C H E D U L E  O F  I N V E S T M E N T S 29

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Agriculture (continued)
BAT International Finance PLC
1.67%, 03/25/26 (Call 02/25/26)(a)	$	1,428	$	1,323,005
3.95%, 06/15/25(b)		200		195,477
4.45%, 03/16/28 (Call 02/16/28)		1,475		1,422,471
5.93%, 02/02/29 (Call 01/02/29)		905		924,214
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		1,037		981,912
2.75%, 05/14/31 (Call 02/14/31)(a)		1,393		1,184,566
3.25%, 08/15/26 (Call 05/15/26)		1,104		1,053,140
3.75%, 09/25/27 (Call 06/25/27)		819		783,826
Cargill Inc.
0.75%, 02/02/26 (Call 01/02/26)(b)		972		896,857
1.70%, 02/02/31 (Call 11/02/30)(a)(b)		810		651,783
2.13%, 04/23/30 (Call 01/23/30)(a)(b)		1,213		1,031,214
2.13%, 11/10/31 (Call 08/10/31)(b)		499		405,786
3.13%, 05/25/51 (Call 11/25/50)(b)		1,045		717,689
3.25%, 05/23/29 (Call 02/23/29)(b)		1,035		964,132
3.50%, 04/22/25 (Call 04/01/24)(a)(b)		946		927,913
3.63%, 04/22/27 (Call 03/22/27)(a)(b)		960		923,834
3.88%, 05/23/49 (Call 11/23/48)(a)(b)		475		373,939
4.00%, 06/22/32 (Call 03/22/32)(a)(b)		1,030		950,678
4.38%, 04/22/52 (Call 10/22/51)(a)(b)		529		457,505
4.50%, 06/24/26(b)		430		424,645
4.75%, 04/24/33 (Call 01/24/33)(b)		705		683,855
4.76%, 11/23/45(a)(b)		1,152		1,055,197
4.88%, 10/10/25 (Call 09/10/25)(b)		565		562,752
5.13%, 10/11/32 (Call 07/11/32)(a)(b)		752		748,879
Imperial Brands Finance PLC
3.50%, 07/26/26 (Call 05/26/26)(b)		1,278		1,215,719
3.88%, 07/26/29 (Call 04/26/29)(b)		1,549		1,431,781
4.25%, 07/21/25 (Call 04/21/25)(b)		2,050		2,009,123
6.13%, 07/27/27 (Call 06/27/27)(b)		1,480		1,506,623
JT International Financial Services BV, 6.88%, 10/24/32 (Call 07/24/32)(b)		555		613,906
Philip Morris International Inc.
0.88%, 05/01/26 (Call 04/01/26)		1,438		1,314,046
1.50%, 05/01/25 (Call 04/01/25)		1,095		1,049,528
1.75%, 11/01/30 (Call 08/01/30)		1,463		1,182,198
2.10%, 05/01/30 (Call 02/01/30)		1,140		961,733
2.75%, 02/25/26 (Call 11/25/25)(a)		1,408		1,344,380
3.13%, 08/17/27 (Call 05/17/27)(a)		668		629,239
3.13%, 03/02/28 (Call 12/02/27)		701		652,303
3.38%, 08/11/25 (Call 05/11/25)		1,007		981,958
3.38%, 08/15/29 (Call 05/15/29)(a)		1,040		955,165
3.88%, 08/21/42		1,134		894,419
4.13%, 03/04/43		1,093		894,435
4.25%, 11/10/44		1,720		1,418,221
4.38%, 11/15/41		1,065		905,282
4.50%, 03/20/42(a)		1,017		878,880
4.75%, 02/12/27		900		888,823
4.88%, 02/13/26		1,668		1,659,935
4.88%, 02/15/28 (Call 01/15/28)		1,615		1,606,107
4.88%, 02/13/29 (Call 01/13/29)		927		911,146
4.88%, 11/15/43		435		391,546
5.00%, 11/17/25		1,002		998,501
5.13%, 11/17/27 (Call 10/17/27)		1,555		1,557,630
5.13%, 02/15/30 (Call 12/15/29)		2,178		2,167,458
5.13%, 02/13/31 (Call 12/13/30)		945		930,733
5.25%, 09/07/28 (Call 08/07/28)		535		539,050
5.25%, 02/13/34 (Call 11/13/33)(a)		1,020		996,539
5.38%, 02/15/33 (Call 11/15/32)		2,740		2,726,878

Security	Par (000)		Value
Agriculture (continued)
5.50%, 09/07/30 (Call 07/07/30)	$	470	$	474,385
5.63%, 11/17/29 (Call 09/17/29)		1,505		1,541,011
5.63%, 09/07/33 (Call 06/07/33)		1,350		1,364,416
5.75%, 11/17/32 (Call 08/17/32)		1,760		1,795,302
6.38%, 05/16/38		1,845		1,990,664
Reynolds American Inc.
4.45%, 06/12/25 (Call 03/12/25)		1,665		1,639,455
5.70%, 08/15/35 (Call 02/15/35)		973		929,406
5.85%, 08/15/45 (Call 02/15/45)(a)		2,906		2,640,112
6.15%, 09/15/43(a)		782		756,229
7.25%, 06/15/37(a)		830		887,950
Viterra Finance BV
2.00%, 04/21/26 (Call 03/21/26)(b)		1,201		1,111,706
3.20%, 04/21/31 (Call 01/21/31)(b)		1,065		914,027
4.90%, 04/21/27 (Call 03/21/27)(b)		550		538,396
5.25%, 04/21/32 (Call 01/21/32)(b)		365		355,268
				133,163,970
Airlines — 0.2%
Delta Air Lines Inc., 7.00%, 05/01/25(b)		1,430		1,453,440
Delta Air Lines Inc./SkyMiles IP Ltd.
4.50%, 10/20/25(b)		1,932		1,908,552
4.75%, 10/20/28(a)(b)		4,575		4,472,113
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27 (Call 04/01/24)(b)		3,447		3,447,641
Southwest Airlines Co.
2.63%, 02/10/30 (Call 11/10/29)(a)		1,136		982,462
3.00%, 11/15/26 (Call 08/15/26)(a)		359		338,878
3.45%, 11/16/27 (Call 08/16/27)(a)		59		55,503
5.13%, 06/15/27 (Call 04/15/27)		2,493		2,482,930
5.25%, 05/04/25 (Call 04/04/25)		2,047		2,041,371
				17,182,890
Alternate Investments — 0.0%
New Mountain Finance Corp., 6.88%, 02/01/29 (Call 01/01/29)		10		9,788
Apparel — 0.2%
NIKE Inc.
2.38%, 11/01/26 (Call 08/01/26)		1,503		1,414,286
2.40%, 03/27/25 (Call 02/27/25)		1,357		1,319,337
2.75%, 03/27/27 (Call 01/27/27)(a)		1,785		1,683,290
2.85%, 03/27/30 (Call 12/27/29)		2,435		2,192,314
3.25%, 03/27/40 (Call 09/27/39)		1,539		1,222,798
3.38%, 11/01/46 (Call 05/01/46)		931		707,239
3.38%, 03/27/50 (Call 09/27/49)		1,625		1,233,156
3.63%, 05/01/43 (Call 11/01/42)		670		547,905
3.88%, 11/01/45 (Call 05/01/45)(a)		1,488		1,231,808
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		799		787,656
Ralph Lauren Corp.
2.95%, 06/15/30 (Call 03/15/30)		1,291		1,148,401
3.75%, 09/15/25 (Call 07/15/25)(a)		614		599,966
Tapestry Inc.
3.05%, 03/15/32 (Call 12/15/31)(a)		1,135		919,685
4.13%, 07/15/27 (Call 04/15/27)		772		733,781
4.25%, 04/01/25 (Call 01/01/25)(a)		220		216,853
7.00%, 11/27/26(a)		1,425		1,463,550
7.05%, 11/27/25		470		478,775
7.35%, 11/27/28 (Call 10/27/28)		1,300		1,359,803
7.70%, 11/27/30 (Call 09/27/30)		815		864,184
7.85%, 11/27/33 (Call 08/27/33)		780		843,762

30 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Apparel (continued)
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)	$	1,195	$	1,145,455
2.80%, 04/23/27 (Call 02/23/27)		981		890,685
2.95%, 04/23/30 (Call 01/23/30)(a)		1,250		1,030,330
6.00%, 10/15/33(a)		410		398,283
6.45%, 11/01/37		405		392,639
				24,825,941
Auto Manufacturers — 2.6%
American Honda Finance Corp.
1.00%, 09/10/25		1,135		1,066,580
1.20%, 07/08/25		953		903,865
1.30%, 09/09/26		1,305		1,190,613
1.80%, 01/13/31(a)		585		480,282
2.00%, 03/24/28(a)		1,299		1,164,397
2.25%, 01/12/29		1,395		1,237,789
2.30%, 09/09/26(a)		942		884,240
2.35%, 01/08/27		840		783,695
3.50%, 02/15/28		482		458,032
4.60%, 04/17/30		935		915,979
4.70%, 01/12/28		1,035		1,030,583
4.75%, 01/12/26		435		432,223
4.90%, 01/10/34		490		477,540
4.95%, 01/09/26(a)		750		747,405
5.00%, 05/23/25		750		747,897
5.13%, 07/07/28		885		892,403
5.25%, 07/07/26(a)		870		876,685
5.65%, 11/15/28		765		786,996
5.80%, 10/03/25		600		605,688
5.85%, 10/04/30		890		925,586
Series A, 4.60%, 04/17/25		840		834,194
BMW Finance NV, 2.85%, 08/14/29 (Call 05/14/29)(a)(b)		845		771,293
BMW U.S. Capital LLC
1.25%, 08/12/26 (Call 07/12/26)(b)		712		650,549
1.95%, 08/12/31 (Call 05/12/31)(b)		435		353,284
2.55%, 04/01/31 (Call 01/01/31)(a)(b)		1,222		1,045,993
2.80%, 04/11/26 (Call 01/11/26)(b)		1,895		1,812,717
3.25%, 04/01/25(a)(b)		487		476,685
3.30%, 04/06/27 (Call 01/06/27)(b)		1,057		1,005,761
3.45%, 04/01/27 (Call 03/01/27)(a)(b)		1,091		1,046,524
3.63%, 04/18/29 (Call 01/18/29)(a)(b)		875		828,594
3.70%, 04/01/32 (Call 01/01/32)(b)		560		507,351
3.75%, 04/12/28 (Call 01/12/28)(a)(b)		871		835,609
3.90%, 04/09/25 (Call 03/09/25)(b)		1,278		1,260,090
3.95%, 08/14/28 (Call 05/14/28)(a)(b)		873		839,306
4.15%, 04/09/30 (Call 01/09/30)(b)		1,455		1,398,242
5.05%, 08/11/28 (Call 07/11/28)(b)		615		618,718
5.15%, 08/11/33 (Call 05/11/33)(a)(b)		525		525,080
5.30%, 08/11/25(b)		500		501,403
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)		811		760,717
1.50%, 09/01/30 (Call 06/01/30)		1,070		864,847
2.60%, 09/01/50 (Call 03/01/50)(a)		1,333		839,359
4.88%, 10/01/43 (Call 04/01/43)		500		473,200
4.90%, 02/20/29 (Call 01/20/29)		225		224,038
5.15%, 02/20/34 (Call 11/20/33)		125		124,823
5.45%, 02/20/54 (Call 08/20/53)		125		125,686
7.13%, 03/01/28		335		359,807
Daimler Trucks Finance North America LLC
2.00%, 12/14/26(b)		1,090		999,871
2.38%, 12/14/28(b)		470		416,022

Security	Par (000)		Value
Auto Manufacturers (continued)
2.50%, 12/14/31(a)(b)	$	1,180	$	967,596
3.50%, 04/07/25(b)		1,220		1,193,770
3.65%, 04/07/27(a)(b)		1,227		1,177,150
5.00%, 01/15/27(b)		590		587,746
5.13%, 01/19/28(a)(b)		845		844,114
5.15%, 01/16/26(a)(b)		652		650,001
5.38%, 01/18/34 (Call 10/18/33)(b)		535		533,179
5.40%, 09/20/28(b)		940		950,694
5.50%, 09/20/33(b)		780		784,673
5.60%, 08/08/25(b)		505		506,163
Ford Holdings LLC, 9.30%, 03/01/30		165		190,023
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)(a)		4,100		3,362,233
4.35%, 12/08/26 (Call 09/08/26)(a)		2,085		2,025,441
4.75%, 01/15/43(a)		2,735		2,212,661
5.29%, 12/08/46 (Call 06/08/46)(a)		1,045		903,686
6.10%, 08/19/32 (Call 05/19/32)(a)		2,265		2,261,030
7.40%, 11/01/46		130		139,461
7.45%, 07/16/31		195		210,231
9.63%, 04/22/30 (Call 01/22/30)		150		175,233
Ford Motor Credit Co. LLC
2.70%, 08/10/26 (Call 07/10/26)(a)		550		510,596
2.90%, 02/16/28 (Call 12/16/27)		515		461,437
2.90%, 02/10/29 (Call 12/10/28)		1,540		1,341,688
3.38%, 11/13/25 (Call 10/13/25)		2,000		1,918,847
3.63%, 06/17/31 (Call 03/17/31)		805		686,256
3.82%, 11/02/27 (Call 08/02/27)		155		144,545
4.00%, 11/13/30 (Call 08/13/30)		4,085		3,611,764
4.13%, 08/17/27 (Call 06/17/27)		1,705		1,613,652
4.27%, 01/09/27 (Call 11/09/26)(a)		1,025		981,916
4.39%, 01/08/26		1,100		1,069,617
4.54%, 08/01/26 (Call 06/01/26)		1,000		969,490
4.95%, 05/28/27 (Call 04/28/27)(a)		2,070		2,012,484
5.11%, 05/03/29 (Call 02/03/29)		3,125		3,011,456
5.13%, 06/16/25 (Call 05/16/25)		1,200		1,187,846
5.80%, 03/05/27 (Call 02/05/27)		1,515		1,512,066
6.05%, 03/05/31 (Call 01/05/31)(a)		1,050		1,045,244
6.80%, 05/12/28 (Call 04/12/28)		1,930		1,991,679
6.80%, 11/07/28 (Call 10/07/28)		1,470		1,523,537
6.95%, 03/06/26 (Call 02/06/26)		330		335,941
6.95%, 06/10/26 (Call 05/10/26)		55		56,094
7.12%, 11/07/33 (Call 08/07/33)		1,765		1,881,304
7.20%, 06/10/30 (Call 04/10/30)(a)		460		484,431
7.35%, 11/04/27 (Call 10/04/27)		3,400		3,553,592
7.35%, 03/06/30 (Call 01/06/30)		2,830		2,999,807
General Motors Co.
4.00%, 04/01/25		413		406,531
4.20%, 10/01/27 (Call 07/01/27)		1,184		1,142,305
5.00%, 10/01/28 (Call 07/01/28)(a)		1,252		1,244,256
5.00%, 04/01/35		1,250		1,167,951
5.15%, 04/01/38 (Call 10/01/37)		1,498		1,387,675
5.20%, 04/01/45		1,788		1,578,109
5.40%, 10/15/29 (Call 08/15/29)(a)		510		508,757
5.40%, 04/01/48 (Call 10/01/47)(a)		1,065		953,600
5.60%, 10/15/32 (Call 07/15/32)(a)		1,385		1,382,156
5.95%, 04/01/49 (Call 10/01/48)(a)		1,335		1,285,955
6.13%, 10/01/25 (Call 09/01/25)		2,398		2,417,459
6.25%, 10/02/43		2,085		2,093,995
6.60%, 04/01/36 (Call 10/01/35)		1,728		1,818,092
6.75%, 04/01/46 (Call 10/01/45)(a)		764		808,020
6.80%, 10/01/27 (Call 08/01/27)		1,488		1,553,767

S C H E D U L E  O F  I N V E S T M E N T S 31

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
General Motors Financial Co. Inc.
1.25%, 01/08/26 (Call 12/08/25)	$	2,075	$	1,922,798
1.50%, 06/10/26 (Call 05/10/26)		1,755		1,607,702
2.35%, 02/26/27 (Call 01/26/27)		1,295		1,187,118
2.35%, 01/08/31 (Call 10/08/30)		1,504		1,226,526
2.40%, 04/10/28 (Call 02/10/28)		1,506		1,342,428
2.40%, 10/15/28 (Call 08/15/28)		1,495		1,314,411
2.70%, 08/20/27 (Call 06/20/27)(a)		1,434		1,315,542
2.70%, 06/10/31 (Call 03/10/31)		1,547		1,275,263
2.75%, 06/20/25 (Call 05/20/25)(a)		1,466		1,414,648
3.10%, 01/12/32 (Call 10/12/31)(a)		1,835		1,532,869
3.60%, 06/21/30 (Call 03/21/30)(a)		1,517		1,357,318
3.80%, 04/07/25		165		161,915
3.85%, 01/05/28 (Call 10/05/27)(a)		754		715,766
4.00%, 10/06/26 (Call 07/06/26)		1,208		1,167,920
4.30%, 07/13/25 (Call 04/13/25)		1,070		1,052,253
4.30%, 04/06/29 (Call 02/06/29)		505		479,150
4.35%, 04/09/25 (Call 02/09/25)		1,062		1,048,191
4.35%, 01/17/27 (Call 10/17/26)		1,835		1,785,969
5.00%, 04/09/27 (Call 03/09/27)		1,635		1,619,263
5.25%, 03/01/26 (Call 12/01/25)		1,722		1,716,466
5.40%, 04/06/26		1,821		1,821,825
5.40%, 05/08/27		387		387,174
5.65%, 01/17/29 (Call 10/17/28)		813		820,213
5.75%, 02/08/31 (Call 12/08/30)(a)		222		221,355
5.80%, 06/23/28 (Call 05/23/28)		1,175		1,193,323
5.80%, 01/07/29 (Call 12/07/28)		1,845		1,867,445
5.85%, 04/06/30 (Call 02/06/30)(a)		900		911,885
6.00%, 01/09/28 (Call 12/09/27)		1,460		1,490,562
6.05%, 10/10/25		1,190		1,198,878
6.10%, 01/07/34 (Call 10/07/33)		1,295		1,309,167
6.40%, 01/09/33 (Call 10/09/32)(a)		1,158		1,203,833
Honda Motor Co. Ltd.
2.27%, 03/10/25 (Call 02/10/25)		836		812,165
2.53%, 03/10/27 (Call 02/10/27)		885		826,544
2.97%, 03/10/32 (Call 12/10/31)		1,215		1,067,513
Hyundai Capital America
1.30%, 01/08/26 (Call 12/08/25)(a)(b)		1,165		1,079,743
1.50%, 06/15/26 (Call 05/15/26)(b)		1,380		1,262,892
1.65%, 09/17/26 (Call 08/17/26)(a)(b)		1,515		1,380,831
1.80%, 10/15/25 (Call 09/15/25)(b)		1,096		1,033,049
1.80%, 01/10/28 (Call 11/08/27)(b)		1,240		1,089,822
2.00%, 06/15/28 (Call 04/15/28)(a)(b)		1,196		1,047,669
2.10%, 09/15/28 (Call 07/17/28)(a)(b)		1,175		1,025,244
2.38%, 10/15/27 (Call 08/15/27)(b)		880		796,468
2.75%, 09/27/26(a)(b)		883		826,011
3.00%, 02/10/27 (Call 12/10/26)(b)		586		549,851
3.50%, 11/02/26 (Call 09/02/26)(a)(b)		1,139		1,086,131
5.25%, 01/08/27(b)		740		737,357
5.30%, 01/08/29 (Call 12/08/28)(b)		985		982,678
5.40%, 01/08/31 (Call 11/08/30)(a)(b)		695		695,732
5.50%, 03/30/26(b)		545		545,426
5.60%, 03/30/28 (Call 02/29/28)(b)		710		716,547
5.65%, 06/26/26(a)(b)		1,205		1,208,729
5.68%, 06/26/28 (Call 05/26/28)(a)(b)		1,265		1,282,420
5.70%, 06/26/30 (Call 04/26/30)(b)		810		823,250
5.80%, 06/26/25(b)		420		421,577
5.80%, 04/01/30 (Call 02/01/30)(a)(b)		544		555,393
5.88%, 04/07/25 (Call 03/07/25)(a)(b)		645		646,878
5.95%, 09/21/26(a)(b)		940		950,605
6.10%, 09/21/28 (Call 08/21/28)(a)(b)		1,225		1,261,496

Security	Par (000)		Value
Auto Manufacturers (continued)
6.20%, 09/21/30 (Call 07/21/30)(b)	$	800	$	835,332
6.25%, 11/03/25(a)(b)		600		606,868
6.38%, 04/08/30 (Call 01/08/30)(a)(b)		990		1,041,320
6.50%, 01/16/29 (Call 12/16/28)(b)		690		722,110
Hyundai Capital Services Inc.
1.25%, 02/08/26(a)(b)		725		667,919
2.13%, 04/24/25(b)		200		192,137
2.50%, 01/24/27(b)		540		497,267
3.63%, 08/29/27(b)		220		207,326
Kia Corp.
2.75%, 02/14/27(b)		255		237,337
3.25%, 04/21/26(b)		805		769,053
3.50%, 10/25/27(a)(b)		645		604,178
Mercedes-Benz Finance North America LLC
1.45%, 03/02/26(b)		1,598		1,485,159
2.13%, 03/10/25(b)		550		532,928
2.45%, 03/02/31(a)(b)		1,085		928,256
2.63%, 03/10/30(b)		1,035		904,737
3.10%, 08/15/29(b)		793		722,801
3.30%, 05/19/25(b)		797		778,545
3.45%, 01/06/27(a)(b)		1,063		1,020,509
3.50%, 08/03/25(b)		517		505,016
3.75%, 02/22/28(a)(b)		1,376		1,316,760
4.30%, 02/22/29(b)		695		675,777
4.80%, 03/30/26(b)		1,455		1,444,702
4.80%, 01/11/27(a)(b)		920		915,438
4.80%, 03/30/28(a)(b)		1,675		1,662,471
4.85%, 01/11/29(b)		785		777,775
4.90%, 01/09/26(a)(b)		750		747,274
4.95%, 03/30/25(b)		895		892,522
5.00%, 01/11/34(b)		485		476,104
5.05%, 08/03/33(b)		720		714,250
5.10%, 08/03/28(b)		1,380		1,384,794
5.20%, 08/03/26(b)		777		778,569
5.25%, 11/29/27(a)(b)		910		915,878
5.38%, 08/01/25(b)		1,035		1,037,391
5.38%, 11/26/25(b)		915		917,145
8.50%, 01/18/31		1,617		1,965,239
Nissan Motor Acceptance Co. LLC
1.85%, 09/16/26 (Call 08/16/26)(a)(b)		1,424		1,281,848
2.00%, 03/09/26 (Call 02/09/26)(b)		1,175		1,083,143
2.45%, 09/15/28 (Call 07/15/28)(a)(b)		475		406,353
2.75%, 03/09/28 (Call 01/09/28)(a)(b)		785		691,040
6.95%, 09/15/26(a)(b)		380		390,119
7.05%, 09/15/28 (Call 08/15/28)(a)(b)		875		911,493
Nissan Motor Co. Ltd.
3.52%, 09/17/25 (Call 08/17/25)(b)		810		779,080
4.35%, 09/17/27 (Call 07/17/27)(b)		2,785		2,645,210
4.81%, 09/17/30 (Call 06/17/30)(a)(b)		2,121		1,952,880
PACCAR Financial Corp.
1.10%, 05/11/26		650		599,218
2.00%, 02/04/27(a)		510		469,436
2.85%, 04/07/25(a)		235		229,398
3.55%, 08/11/25		440		430,889
4.45%, 03/30/26		355		351,861
4.60%, 01/10/28(a)		700		696,965
4.60%, 01/31/29(a)		525		519,426
4.95%, 10/03/25		560		559,387
4.95%, 08/10/28		30		30,219
5.05%, 08/10/26(a)		225		225,781
5.20%, 11/09/26		495		499,225

32 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
Stellantis Finance U.S. Inc.
1.71%, 01/29/27 (Call 12/29/26)(b)	$	1,183	$	1,075,349
2.69%, 09/15/31 (Call 06/15/31)(a)(b)		1,795		1,485,516
5.63%, 01/12/28 (Call 12/12/27)(a)(b)		860		881,801
6.38%, 09/12/32 (Call 06/12/32)(a)(b)		821		873,573
Toyota Motor Corp.
1.34%, 03/25/26 (Call 02/25/26)(a)		1,550		1,438,803
2.36%, 03/25/31 (Call 12/25/30)(a)		681		587,661
2.76%, 07/02/29(a)		570		525,166
3.67%, 07/20/28(a)		300		291,031
5.12%, 07/13/28 (Call 06/13/28)		655		667,864
5.12%, 07/13/33 (Call 04/13/33)(a)		455		477,872
5.28%, 07/13/26 (Call 06/13/26)		450		453,411
Toyota Motor Credit Corp.
0.80%, 10/16/25		1,261		1,178,926
0.80%, 01/09/26(a)		1,210		1,122,415
1.13%, 06/18/26		1,227		1,126,026
1.15%, 08/13/27(a)		847		750,625
1.65%, 01/10/31		1,110		900,565
1.90%, 01/13/27		1,220		1,124,758
1.90%, 04/06/28		941		840,612
1.90%, 09/12/31		1,173		953,199
2.15%, 02/13/30(a)		1,417		1,217,055
2.40%, 01/13/32(a)		235		196,664
3.00%, 04/01/25		1,516		1,481,247
3.05%, 03/22/27(a)		1,920		1,821,484
3.05%, 01/11/28		581		547,026
3.20%, 01/11/27(a)		1,494		1,427,465
3.38%, 04/01/30		2,037		1,873,737
3.40%, 04/14/25		443		434,209
3.65%, 08/18/25		1,222		1,197,521
3.65%, 01/08/29		1,280		1,212,220
3.95%, 06/30/25		1,176		1,157,921
4.45%, 05/18/26		1,435		1,420,000
4.45%, 06/29/29(a)		1,140		1,120,303
4.55%, 09/20/27		1,338		1,326,377
4.55%, 05/17/30(a)		960		941,736
4.63%, 01/12/28		1,280		1,272,122
4.65%, 01/05/29		800		791,480
4.70%, 01/12/33(a)		615		606,768
4.80%, 01/05/26		500		497,949
4.80%, 01/05/34		255		248,697
5.00%, 08/14/26		1,035		1,034,866
5.25%, 09/11/28		530		537,995
5.40%, 11/10/25		790		794,584
5.40%, 11/20/26		920		929,351
5.45%, 11/10/27		1,050		1,070,900
5.55%, 11/20/30		615		635,111
5.60%, 09/11/25		350		353,012
Volkswagen Group of America Finance LLC
1.25%, 11/24/25 (Call 10/24/25)(b)		1,951		1,816,740
1.63%, 11/24/27 (Call 09/24/27)(b)		1,121		990,440
3.20%, 09/26/26 (Call 07/26/26)(b)		530		503,422
3.35%, 05/13/25(b)		1,365		1,329,673
3.75%, 05/13/30(a)(b)		1,005		931,686
3.95%, 06/06/25(b)		1,085		1,062,572
4.35%, 06/08/27 (Call 05/08/27)(a)(b)		1,785		1,740,677
4.60%, 06/08/29 (Call 04/08/29)(b)		805		783,846
4.63%, 11/13/25(b)		1,214		1,197,894
4.75%, 11/13/28(a)(b)		1,654		1,634,043
5.65%, 09/12/28 (Call 08/12/28)(a)(b)		705		717,531

Security	Par (000)		Value
Auto Manufacturers (continued)
5.70%, 09/12/26(b)	$	410	$	413,803
5.80%, 09/12/25(b)		400		401,702
5.90%, 09/12/33 (Call 06/12/33)(a)(b)		640		650,551
6.00%, 11/16/26(a)(b)		500		509,454
6.20%, 11/16/28 (Call 10/16/28)(a)(b)		435		452,931
6.45%, 11/16/30 (Call 09/16/30)(a)(b)		600		633,808
				277,126,044
Auto Parts & Equipment — 0.1%
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)		2,151		1,349,872
4.35%, 03/15/29 (Call 12/15/28)		669		647,046
4.40%, 10/01/46 (Call 04/01/46)(a)		436		338,727
5.40%, 03/15/49 (Call 09/15/48)(a)		298		267,605
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)(a)		815		702,766
4.15%, 05/01/52 (Call 11/01/51)		1,510		1,155,321
BorgWarner Inc.
2.65%, 07/01/27 (Call 05/01/27)(a)		1,479		1,365,671
4.38%, 03/15/45 (Call 09/15/44)(a)		719		585,608
Denso Corp., 1.24%, 09/16/26 (Call 08/16/26)(a)(b)		810		732,553
Lear Corp.
2.60%, 01/15/32 (Call 10/15/31)		640		517,970
3.50%, 05/30/30 (Call 02/28/30)(a)		730		652,099
3.55%, 01/15/52 (Call 07/15/51)		755		512,967
3.80%, 09/15/27 (Call 06/15/27)(a)		962		920,938
4.25%, 05/15/29 (Call 02/15/29)		632		601,188
5.25%, 05/15/49 (Call 11/15/48)(a)		804		723,959
LG Energy Solution Ltd., 5.63%, 09/25/26(b)		75		75,206
Magna International Inc.
2.45%, 06/15/30 (Call 03/15/30)		1,217		1,047,225
4.15%, 10/01/25 (Call 07/01/25)		980		962,008
5.50%, 03/21/33 (Call 12/21/32)(a)		640		656,255
5.98%, 03/21/26 (Call 03/21/24)		50		50,008
Toyota Industries Corp., 3.57%, 03/16/28 (Call 12/16/27)(a)(b)		220		207,410
				14,072,402
Banks — 21.4%
ABN AMRO Bank NV
1.54%, 06/16/27 (Call 06/16/26), (1-year CMT + 0.800%)(b)(d)		830		752,228
2.47%, 12/13/29 (Call 12/13/28), (1-year CMT + 1.100%)(b)(d)		1,300		1,130,677
3.32%, 03/13/37 (Call 12/13/31), (5-year CMT + 1.900%)(a)(b)(d)		1,672		1,329,533
4.75%, 07/28/25(b)		1,690		1,657,958
4.80%, 04/18/26(b)		1,278		1,246,853
6.34%, 09/18/27 (Call 09/18/26), (1-year CMT + 1.650%)(b)(d)		1,500		1,525,470
6.58%, 10/13/26 (Call 10/13/25), (1-year CMT + 1.550%)(a)(b)(d)		600		605,709
AIB Group PLC
6.61%, 09/13/29 (Call 09/13/28), (1-day SOFR + 2.330%)(b)(d)		375		389,112
7.58%, 10/14/26 (Call 10/14/25), (1-day SOFR + 3.456%)(b)(d)		585		599,951
ANZ Bank New Zealand Ltd., 5.55%, 08/11/32 (Call 08/11/27),
(5-year CMT + 2.700%)(a)(b)(d)		755		758,934

S C H E D U L E  O F  I N V E S T M E N T S 33

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
ANZ New Zealand Int’l Ltd./London
1.25%, 06/22/26(b)	$	1,408	$	1,286,076
2.55%, 02/13/30(a)(b)		1,360		1,176,773
3.45%, 07/17/27(a)(b)		822		776,159
3.45%, 01/21/28(b)		652		611,318
5.36%, 08/14/28(b)		920		927,512
ASB Bank Ltd.
1.63%, 10/22/26(a)(b)		1,035		942,196
2.38%, 10/22/31(a)(b)		640		517,910
5.28%, 06/17/32 (Call 06/17/27), (5-year CMT + 2.250%)(a)(b)(d)		805		790,783
5.35%, 06/15/26(a)(b)		655		654,743
5.40%, 11/29/27(a)(b)		910		915,900
Australia & New Zealand Banking Group Ltd.
2.57%, 11/25/35 (Call 11/25/30), (5-year CMT + 1.700%)(b)(d)		2,483		2,008,830
2.95%, 07/22/30 (Call 07/22/25), (5-year CMT + 1.288%)(b)(d)		700		669,165
3.70%, 11/16/25		1,052		1,029,106
4.40%, 05/19/26(b)		2,337		2,269,649
4.75%, 01/18/27		1,580		1,573,826
5.09%, 12/08/25		795		795,652
5.38%, 07/03/25(a)		1,220		1,223,749
5.67%, 10/03/25(a)		1,000		1,009,239
6.74%, 12/08/32(a)(b)		1,025		1,088,657
Banco Bilbao Vizcaya Argentaria SA
1.13%, 09/18/25		1,166		1,090,304
5.86%, 09/14/26 (Call 09/14/25), (1-year CMT + 2.300%)(d)		750		749,612
6.14%, 09/14/28 (Call 09/14/27), (1-year CMT + 2.700%)(d)		465		471,941
7.88%, 11/15/34 (Call 11/15/33), (1-year CMT + 3.300%)(d)		885		943,458
Banco de Bogota SA, 4.38%, 08/03/27 (Call 05/03/27)(b)		200		189,551
Banco de Chile, 2.99%, 12/09/31 (Call 09/09/31)(b)		50		42,784
Banco de Credito del Peru SA
3.13%, 07/01/30 (Call 07/01/25), (5-year CMT + 3.000%)(b)(d)		750		712,004
3.25%, 09/30/31 (Call 09/30/26), (5-year CMT + 2.450%)(b)(d)		734		676,875
5.85%, 01/11/29 (Call 12/11/28)(b)		100		101,075
Banco de Credito e Inversiones SA
2.88%, 10/14/31 (Call 07/14/31)(b)		520		439,868
3.50%, 10/12/27(b)		692		651,655
Banco General SA, 4.13%, 08/07/27
(Call 05/07/27)(b)		360		340,920
Banco Inbursa SA Institucion De Banca Multiple
Grupo Financiero Inbursa, 4.38%, 04/11/27 (Call 01/11/27)(b)		512		494,022
Banco Internacional del Peru SAA Interbank,
3.25%, 10/04/26 (Call 08/04/26)(b)		453		426,617
Banco Nacional de Panama, 2.50%, 08/11/30
(Call 05/11/30)(b)		1,201		906,755
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand,
5.38%, 04/17/25(b)		1,474		1,464,685
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)(a)(d)		1,970		1,782,400

Security	Par (000)		Value
Banks (continued)
1.85%, 03/25/26	$	1,995	$	1,851,621
2.75%, 05/28/25		1,900		1,833,397
2.75%, 12/03/30		1,860		1,512,880
2.96%, 03/25/31(a)		1,235		1,053,346
3.23%, 11/22/32 (Call 08/22/31), (1-year CMT + 1.600%)(d)		1,210		1,000,920
3.31%, 06/27/29		1,385		1,256,272
3.49%, 05/28/30		1,542		1,383,171
3.50%, 03/24/25		1,220		1,195,125
3.80%, 02/23/28(a)		1,017		958,219
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)(d)		2,220		2,125,584
4.25%, 04/11/27		1,910		1,841,727
4.38%, 04/12/28		1,390		1,336,066
5.15%, 08/18/25(a)		695		689,845
5.18%, 11/19/25		1,992		1,965,326
5.29%, 08/18/27		1,825		1,812,965
5.59%, 08/08/28		1,510		1,523,384
6.53%, 11/07/27 (Call 11/07/26), (1-year CMT + 1.650%)(d)		1,000		1,023,088
6.61%, 11/07/28		1,225		1,287,091
6.92%, 08/08/33		1,410		1,464,161
6.94%, 11/07/33		1,820		1,984,085
Bangkok Bank PCL/Hong Kong
3.47%, 09/23/36 (Call 09/23/31), (5-year CMT + 2.150%)(b)(d)		1,080		907,039
4.30%, 06/15/27 (Call 05/15/27)(b)		330		319,989
4.45%, 09/19/28(b)		515		498,240
5.30%, 09/21/28 (Call 08/21/28)(b)		80		80,196
Bank of America Corp.
1.20%, 10/24/26 (Call 10/24/25), (1-day SOFR + 1.010%)(d)		2,961		2,758,677
1.32%, 06/19/26 (Call 06/19/25), (1-day SOFR + 1.150%)(d)		3,365		3,185,010
1.73%, 07/22/27 (Call 07/22/26), (1-day SOFR + 0.960%)(d)		7,255		6,652,700
1.90%, 07/23/31 (Call 07/23/30), (1-day SOFR + 1.530%)(d)		3,662		2,972,123
1.92%, 10/24/31 (Call 10/24/30), (1-day SOFR + 1.370%)(d)		3,268		2,637,040
2.09%, 06/14/29 (Call 06/14/28), (1-day SOFR + 1.060%)(a)(d)		3,735		3,282,244
2.30%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.220%)(d)		4,807		3,890,879
2.48%, 09/21/36 (Call 09/21/31), (5-year CMT + 1.200%)(d)		2,774		2,186,908
2.50%, 02/13/31 (Call 02/13/30), (3-mo. SOFR + 1.252%)(d)		4,394		3,745,887
2.55%, 02/04/28 (Call 02/04/27), (1-day SOFR + 1.050%)(d)		2,980		2,757,815
2.57%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.210%)(d)		4,238		3,473,467
2.59%, 04/29/31 (Call 04/29/30), (1-day SOFR + 2.150%)(d)		3,937		3,364,904
2.68%, 06/19/41 (Call 06/19/40), (1-day SOFR + 1.930%)(d)		6,596		4,592,745
2.69%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.320%)(d)		5,937		4,971,805
2.83%, 10/24/51 (Call 10/24/50), (1-day SOFR + 1.880%)(d)		1,547		991,844

34 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.88%, 10/22/30 (Call 10/22/29),
(3-mo. SOFR + 1.452%)(d)	$	2,418	$	2,129,435
2.97%, 02/04/33 (Call 02/04/32),
(1-day SOFR + 1.330%)(a)(d)		4,925		4,136,537
2.97%, 07/21/52 (Call 07/21/51),
(1-day SOFR + 1.560%)(a)(d)		2,910		1,936,200
3.19%, 07/23/30 (Call 07/23/29),
(3-mo. SOFR + 1.442%)(d)		3,207		2,887,025
3.25%, 10/21/27 (Call 10/21/26)(a)		3,293		3,112,387
3.31%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.580%)(d)		4,263		3,228,256
3.38%, 04/02/26 (Call 04/02/25),
(1-day SOFR + 1.330%)(d)		3,985		3,889,707
3.42%, 12/20/28 (Call 12/20/27),
(3-mo. SOFR + 1.302%)(d)		7,692		7,186,125
3.50%, 04/19/26		3,323		3,221,493
3.56%, 04/23/27 (Call 04/23/26),
(3-mo. SOFR + 1.322%)(d)		3,804		3,658,766
3.59%, 07/21/28 (Call 07/21/27),
(3-mo. SOFR + 1.632%)(a)(d)		3,019		2,862,193
3.71%, 04/24/28 (Call 04/24/27),
(3-mo. SOFR + 1.774%)(d)		2,865		2,731,504
3.82%, 01/20/28 (Call 01/20/27),
(3-mo. SOFR + 1.837%)(d)		3,376		3,242,811
3.85%, 03/08/37 (Call 03/08/32),
(5-year CMT + 2.000%)(a)(d)		3,167		2,764,833
3.88%, 08/01/25(a)		1,987		1,956,027
3.95%, 01/23/49 (Call 01/23/48),
(3-mo. SOFR + 1.452%)(d)		1,738		1,407,950
3.97%, 03/05/29 (Call 03/05/28),
(3-mo. SOFR + 1.332%)(d)		3,376		3,210,957
3.97%, 02/07/30 (Call 02/07/29),
(3-mo. SOFR + 1.472%)(d)		4,018		3,776,866
4.08%, 04/23/40 (Call 04/23/39),
(3-mo. SOFR + 1.582%)(d)		2,210		1,888,411
4.08%, 03/20/51 (Call 03/20/50),
(3-mo. SOFR + 3.412%)(d)		7,161		5,780,352
4.24%, 04/24/38 (Call 04/24/37),
(3-mo. SOFR + 2.076%)(d)		2,807		2,490,074
4.25%, 10/22/26		2,647		2,589,923
4.27%, 07/23/29 (Call 07/23/28),
(3-mo. SOFR + 1.572%)(d)		4,016		3,858,568
4.33%, 03/15/50 (Call 03/15/49),
(3-mo. SOFR + 1.782%)(d)		2,868		2,440,015
4.38%, 04/27/28 (Call 04/27/27),
(1-day SOFR + 1.580%)(d)		3,075		2,989,418
4.44%, 01/20/48 (Call 01/20/47),
(3-mo. SOFR + 2.252%)(d)		2,682		2,323,453
4.45%, 03/03/26		2,636		2,594,174
4.57%, 04/27/33 (Call 04/27/32),
(1-day SOFR + 1.830%)(d)		5,085		4,780,571
4.83%, 07/22/26 (Call 07/22/25),
(1-day SOFR + 1.750%)(d)		3,105		3,078,899
4.88%, 04/01/44		642		607,024
4.95%, 07/22/28 (Call 07/22/27),
(1-day SOFR + 2.040%)(d)		4,270		4,227,595
5.00%, 01/21/44		2,628		2,515,010
5.02%, 07/22/33 (Call 07/22/32),
(1-day SOFR + 2.160%)(d)		6,555		6,389,299
5.08%, 01/20/27 (Call 01/20/26),
(1-day SOFR + 1.290%)(d)		3,750		3,726,266

Security	Par (000)		Value
Banks (continued)
5.20%, 04/25/29 (Call 04/25/28),
(1-day SOFR + 1.630%)(d)	$	4,580	$	4,555,192
5.29%, 04/25/34 (Call 04/25/33),
(1-day SOFR + 1.910%)(d)		6,470		6,378,392
5.47%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.650%)(a)(d)		3,190		3,180,772
5.82%, 09/15/29 (Call 09/15/28),
(1-day SOFR + 1.570%)(d)		3,555		3,622,822
5.87%, 09/15/34 (Call 09/15/33),
(1-day SOFR + 1.840%)(d)		4,000		4,101,647
5.88%, 02/07/42		2,108		2,221,406
5.93%, 09/15/27 (Call 09/15/26),
(1-day SOFR + 1.340%)(d)		1,995		2,021,688
6.11%, 01/29/37		2,629		2,756,595
6.20%, 11/10/28 (Call 11/10/27),
(1-day SOFR + 1.990%)(a)(d)		2,890		2,981,635
6.22%, 09/15/26		640		654,404
7.75%, 05/14/38		2,183		2,620,843
Series L, 3.95%, 04/21/25		2,817		2,770,567
Series L, 4.18%, 11/25/27 (Call 11/25/26)		2,807		2,714,026
Series L, 4.75%, 04/21/45(a)		674		612,007
Series N, 1.66%, 03/11/27 (Call 03/11/26),
(1-day SOFR + 0.910%)(d)		3,425		3,178,037
Series N, 2.65%, 03/11/32 (Call 03/11/31),
(1-day SOFR + 1.220%)(d)		2,624		2,195,992
Series N, 3.48%, 03/13/52 (Call 03/13/51),
(1-day SOFR + 1.650%)(d)		1,440		1,057,216
Bank of America NA
5.53%, 08/18/26 (Call 07/18/26)		2,435		2,459,081
5.65%, 08/18/25 (Call 07/18/25)		2,050		2,064,804
6.00%, 10/15/36		1,848		1,928,313
Bank of Ireland Group PLC
2.03%, 09/30/27 (Call 09/30/26),
(1-year CMT + 1.100%)(b)(d)		260		236,499
6.25%, 09/16/26 (Call 09/16/25),
(1-year CMT + 2.650%)(b)(d)		1,510		1,517,979
Bank of Montreal
0.95%, 01/22/27 (Call 01/22/26),
(1-day SOFR + 0.603%)(d)		1,680		1,550,000
1.25%, 09/15/26		2,255		2,051,268
1.85%, 05/01/25		1,605		1,542,392
2.65%, 03/08/27		1,805		1,685,407
3.09%, 01/10/37 (Call 01/10/32),
(5-year CMT + 1.400%)(d)		1,572		1,272,578
3.70%, 06/07/25		1,305		1,278,644
3.80%, 12/15/32 (Call 12/15/27),
(5-year USD Swap + 1.432%)(d)		1,098		1,010,917
5.20%, 02/01/28 (Call 01/01/28)		2,045		2,052,971
5.27%, 12/11/26		1,505		1,508,806
5.30%, 06/05/26		1,270		1,273,244
5.72%, 09/25/28 (Call 08/25/28)		1,600		1,640,209
5.92%, 09/25/25		600		606,206
Series H, 4.70%, 09/14/27 (Call 08/14/27)		1,380		1,366,395
Bank of New York Mellon Corp. (The)
0.75%, 01/28/26 (Call 12/28/25)		915		844,254
1.05%, 10/15/26 (Call 09/15/26)		733		662,779
1.60%, 04/24/25 (Call 03/24/25)		1,812		1,740,875
1.65%, 07/14/28 (Call 05/14/28)(a)		500		437,538
1.65%, 01/28/31 (Call 10/28/30)(a)		387		311,587
1.80%, 07/28/31 (Call 04/28/31)(a)		650		523,951
2.05%, 01/26/27 (Call 12/26/26)(a)		795		734,605

S C H E D U L E  O F  I N V E S T M E N T S 35

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.45%, 08/17/26 (Call 05/17/26)	$	1,145	$	1,078,141
2.50%, 01/26/32 (Call 10/26/31)(a)		560		468,085
2.80%, 05/04/26 (Call 02/04/26)(a)		1,219		1,165,061
3.00%, 10/30/28 (Call 07/30/28)(a)		801		734,656
3.25%, 05/16/27 (Call 02/16/27)		918		872,897
3.30%, 08/23/29 (Call 05/23/29)		1,274		1,169,023
3.40%, 01/29/28 (Call 10/29/27)		1,335		1,265,226
3.44%, 02/07/28 (Call 02/07/27), (3-mo. SOFR + 1.331%)(d)		1,380		1,319,252
3.85%, 04/28/28		1,476		1,425,392
3.85%, 04/26/29 (Call 02/26/29)		435		416,640
3.95%, 11/18/25 (Call 10/18/25)		471		461,156
3.99%, 06/13/28 (Call 06/13/27), (1-day SOFR + 1.151%)(d)		805		780,232
4.29%, 06/13/33 (Call 06/13/32), (1-day SOFR + 1.418%)(d)		1,082		1,012,197
4.41%, 07/24/26 (Call 07/24/25), (1-day SOFR + 1.345%)(d)		1,460		1,439,932
4.54%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.168%)(a)(d)		700		687,853
4.60%, 07/26/30 (Call 07/26/29), (1-day SOFR + 1.755%)(a)(d)		700		683,628
4.71%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.511%)(d)		1,030		987,222
4.95%, 04/26/27 (Call 04/26/26), (1-day SOFR + 1.026%)(d)		1,295		1,287,962
4.97%, 04/26/34 (Call 04/26/33), (1-day SOFR + 1.606%)(d)		1,250		1,218,144
5.15%, 05/22/26 (Call 05/22/25), (1-day SOFR + 1.067%)(d)		710		708,330
5.80%, 10/25/28 (Call 10/25/27), (1-day SOFR + 1.802%)(d)		1,525		1,562,323
5.83%, 10/25/33 (Call 10/25/32), (1-day SOFR + 2.074%)(d)		1,839		1,909,712
6.32%, 10/25/29 (Call 10/25/28), (1-day SOFR + 1.598%)(d)		930		975,087
6.47%, 10/25/34 (Call 10/25/33), (1-day SOFR + 1.845%)(a)(d)		1,370		1,486,109
Series J, 1.90%, 01/25/29 (Call 11/25/28)(a)		862		754,601
Bank of New Zealand
1.00%, 03/03/26(b)		965		887,458
2.29%, 01/27/27(a)(b)		730		672,035
2.87%, 01/27/32(b)		495		413,263
4.85%, 02/07/28(b)		1,050		1,038,891
5.08%, 01/30/29(b)		1,110		1,104,578
Bank of Nova Scotia (The)
1.05%, 03/02/26(a)		1,396		1,287,308
1.30%, 06/11/25		1,762		1,674,535
1.30%, 09/15/26 (Call 06/15/26)		1,252		1,140,471
1.35%, 06/24/26		1,065		977,525
1.95%, 02/02/27		1,125		1,032,913
2.15%, 08/01/31		1,100		898,657
2.45%, 02/02/32(a)		1,310		1,075,147
2.70%, 08/03/26		1,553		1,468,254
2.95%, 03/11/27		900		847,020
3.45%, 04/11/25		2,502		2,449,067
4.50%, 12/16/25		1,949		1,915,737
4.59%, 05/04/37 (Call 02/04/32), (5-year CMT + 2.050%)(d)		1,614		1,443,595
4.75%, 02/02/26		1,760		1,746,076
4.85%, 02/01/30		1,760		1,736,582

Security	Par (000)		Value
Banks (continued)
4.90%, (Call 06/04/25), (5-year CMT + 4.551%)(d)(e)	$	1,122	$	1,075,231
5.25%, 06/12/28		1,005		1,009,787
5.35%, 12/07/26		1,125		1,129,090
5.45%, 06/12/25		640		640,284
5.65%, 02/01/34		755		766,388
8.63%, 10/27/82 (Call 10/27/27), (5-year CMT + 4.389%)(d)		280		288,068
Series 2, 3.63%, 10/27/81 (Call 10/27/26), (5-year CMT + 2.613%)(d)		952		747,425
Bank OZK, 2.75%, 10/01/31 (Call 10/01/26), (3-mo. SOFR + 2.090%)(d)		595		495,076
BankUnited Inc. 4.88%, 11/17/25 (Call 08/17/25)(a)		547		531,750
5.13%, 06/11/30 (Call 03/11/30)(a)		560		506,920
Banque Federative du Credit Mutuel SA
1.60%, 10/04/26(b)		1,660		1,514,049
4.52%, 07/13/25(b)		385		380,519
4.75%, 07/13/27(b)		1,025		1,011,687
4.94%, 01/26/26(b)		1,510		1,499,079
5.09%, 01/23/27(a)(b)		1,420		1,417,348
5.79%, 07/13/28(b)		910		930,567
5.90%, 07/13/26(b)		1,340		1,357,455
Barclays PLC
2.28%, 11/24/27 (Call 11/24/26), (1-year CMT + 1.050%)(d)		2,075		1,896,453
2.65%, 06/24/31 (Call 06/24/30), (1-year CMT + 1.900%)(d)		1,127		938,247
2.67%, 03/10/32 (Call 03/10/31), (1-year CMT + 1.200%)(a)(d)		1,762		1,436,281
2.85%, 05/07/26 (Call 05/07/25), (1-day SOFR + 2.714%)(d)		2,200		2,126,890
2.89%, 11/24/32 (Call 11/24/31), (1-year CMT + 1.300%)(d)		2,075		1,689,734
3.33%, 11/24/42 (Call 11/24/41), (1-year CMT + 1.300%)(d)		1,515		1,096,781
3.56%, 09/23/35 (Call 09/23/30), (5-year CMT + 2.900%)(d)		1,293		1,083,768
3.65%, 03/16/25		1,655		1,620,851
3.81%, 03/10/42 (Call 03/10/41), (1-year CMT + 1.700%)(d)		1,010		757,397
4.34%, 01/10/28 (Call 01/10/27)		1,745		1,679,766
4.38%, 01/12/26		3,037		2,975,175
4.84%, 05/09/28 (Call 05/07/27)		2,689		2,591,250
4.95%, 01/10/47		2,060		1,872,658
4.97%, 05/16/29 (Call 05/16/28), (3-mo. LIBOR US + 1.902%)(d)		2,368		2,302,382
5.09%, 06/20/30 (Call 06/20/29), (3-mo. LIBOR US + 3.054%)(d)		2,160		2,046,264
5.20%, 05/12/26(a)		2,632		2,602,473
5.25%, 08/17/45(a)		2,110		2,016,809
5.30%, 08/09/26 (Call 08/09/25), (1-year CMT + 2.300%)(d)		1,910		1,897,803
5.50%, 08/09/28 (Call 08/09/27), (1-year CMT + 2.650%)(d)		1,945		1,936,516
5.75%, 08/09/33 (Call 08/09/32), (1-year CMT + 3.000%)(d)		1,360		1,348,051
5.83%, 05/09/27 (Call 05/09/26), (1-day SOFR + 2.210%)(d)		3,035		3,042,681
6.22%, 05/09/34 (Call 05/09/33), (1-day SOFR + 2.980%)(d)		1,985		2,009,775

36 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.49%, 09/13/29 (Call 09/13/28), (1-day SOFR + 2.220%)(d)	$	1,545	$	1,592,566
6.50%, 09/13/27 (Call 09/13/26), (1-day SOFR + 1.880%)(d)		895		910,733
6.69%, 09/13/34 (Call 09/13/33), (1-day SOFR + 2.620%)(a)(d)		1,085		1,134,883
7.12%, 06/27/34 (Call 06/27/33), (1-day SOFR + 3.570%)(a)(d)		2,250		2,335,537
7.33%, 11/02/26 (Call 11/02/25), (1-year CMT + 3.050%)(d)		1,790		1,834,508
7.39%, 11/02/28 (Call 11/02/27), (1-year CMT + 3.300%)(d)		1,895		2,003,338
7.44%, 11/02/33 (Call 11/02/32), (1-year CMT + 3.500%)(d)		2,842		3,109,149
BBVA Bancomer SA/Texas, 1.88%, 09/18/25(b)		720		680,677
BNP Paribas SA
1.32%, 01/13/27 (Call 01/13/26),
(1-day SOFR + 1.004%)(b)(d)		3,370		3,116,800
1.68%, 06/30/27 (Call 06/30/26),
(1-day SOFR + 0.912%)(a)(b)(d)		1,452		1,328,610
1.90%, 09/30/28 (Call 09/30/27),
(1-day SOFR + 1.609%)(b)(d)		1,867		1,652,158
2.16%, 09/15/29 (Call 09/15/28),
(1-day SOFR + 1.218%)(b)(d)		2,265		1,959,835
2.22%, 06/09/26 (Call 06/09/25),
(1-day SOFR + 2.074%)(b)(d)		2,032		1,945,222
2.59%, 01/20/28 (Call 01/20/27),
(1-day SOFR + 1.228%)(b)(d)		2,373		2,189,049
2.59%, 08/12/35 (Call 08/12/30),
(5-year CMT + 2.050%)(a)(b)(d)		2,479		1,981,124
2.82%, 01/26/41(a)(b)		895		603,959
2.87%, 04/19/32 (Call 04/19/31),
(1-day SOFR + 1.387%)(b)(d)		3,112		2,602,179
3.05%, 01/13/31 (Call 01/13/30),
(1-day SOFR + 1.507%)(b)(d)		995		867,588
3.13%, 01/20/33 (Call 01/20/32),
(1-day SOFR + 1.561%)(b)(d)		1,945		1,636,204
3.50%, 11/16/27(b)		1,810		1,703,649
4.38%, 05/12/26(b)		1,540		1,494,749
4.38%, 03/01/33 (Call 03/01/28),
(5-year USD Swap + 1.483%)(b)(d)		1,455		1,366,754
4.40%, 08/14/28(a)(b)		2,887		2,784,458
4.63%, 03/13/27(a)(b)		2,698		2,618,351
5.13%, 01/13/29 (Call 01/13/28),
(1-year CMT + 1.450%)(b)(d)		2,805		2,785,125
5.18%, 01/09/30 (Call 01/09/29),
(1-day SOFR + 1.520%)(a)(b)(d)		1,710		1,693,996
5.34%, 06/12/29 (Call 06/12/28),
(1-year CMT + 1.500%)(b)(d)		5		4,998
5.50%, 05/20/30 (Call 05/20/29),
(1-day SOFR + 1.590%)(b)(d)		1,200		1,194,621
5.74%, 02/20/35 (Call 02/20/34),
(1-day SOFR + 1.880%)(b)(d)		1,200		1,188,235
5.89%, 12/05/34 (Call 12/05/33),
(1-day SOFR + 1.866%)(b)(d)		2,155		2,202,519
BPCE SA
1.00%, 01/20/26(b)		1,873		1,728,899
1.65%, 10/06/26 (Call 10/06/25),
(1-day SOFR + 1.520%)(b)(d)		1,980		1,850,998
2.05%, 10/19/27 (Call 10/19/26),
(1-day SOFR + 1.087%)(b)(d)		1,777		1,612,693

Security	Par (000)		Value
Banks (continued)
2.28%, 01/20/32 (Call 01/20/31),
(1-day SOFR + 1.312%)(a)(b)(d)	$	1,808	$	1,447,173
2.70%, 10/01/29(a)(b)		1,296		1,135,709
3.12%, 10/19/32 (Call 10/19/31),
(1-day SOFR + 1.730%)(a)(b)(d)		1,432		1,154,845
3.25%, 01/11/28(b)		1,525		1,415,928
3.38%, 12/02/26		641		613,016
3.50%, 10/23/27(a)(b)		1,270		1,183,323
3.58%, 10/19/42 (Call 10/19/41),
(1-day SOFR + 1.952%)(a)(b)(d)		390		275,408
3.65%, 01/14/37 (Call 01/14/32),
(5-year CMT + 1.900%)(b)(d)		1,525		1,235,639
4.50%, 03/15/25(b)		990		972,020
4.63%, 09/12/28(b)		765		739,307
4.75%, 07/19/27(a)(b)		1,212		1,188,042
4.88%, 04/01/26(a)(b)		1,473		1,440,459
5.13%, 01/18/28(b)		1,225		1,215,243
5.20%, 01/18/27(a)(b)		520		519,746
5.72%, 01/18/30 (Call 01/18/29),
(1-year CMT + 1.959%)(a)(b)(d)		1,105		1,100,310
5.75%, 07/19/33 (Call 07/19/32),
(1-day SOFR + 2.865%)(a)(b)(d)		1,358		1,343,271
5.98%, 01/18/27 (Call 01/18/26),
(1-day SOFR + 2.10%)(b)(d)		1,975		1,976,638
6.51%, 01/18/35 (Call 01/18/34),
(1-year CMT + 2.791%)(b)(d)		840		832,308
6.61%, 10/19/27 (Call 10/19/26),
(1-day SOFR + 1.980%)(a)(b)(d)		750		765,024
6.71%, 10/19/29 (Call 10/19/28),
(1-day SOFR + 2.270%)(a)		1,025		1,064,098
7.00%, 10/19/34 (Call 10/19/33),
(1-day SOFR + 2.590%)(b)(d)		1,325		1,413,831
CaixaBank SA
6.21%, 01/18/29 (Call 01/18/28),
(1-day SOFR + 2.700%)(b)(d)		1,380		1,399,237
6.68%, 09/13/27 (Call 09/13/26),
(1-day SOFR + 2.080%)(a)(b)(d)		910		927,608
6.84%, 09/13/34 (Call 09/13/33),
(1-day SOFR + 2.770%)(a)(b)(d)		540		567,773
Canadian Imperial Bank of Commerce
0.95%, 10/23/25(a)		1,655		1,547,307
1.25%, 06/22/26 (Call 05/22/26)		1,069		979,786
3.30%, 04/07/25		1,190		1,162,525
3.45%, 04/07/27 (Call 03/07/27)		1,390		1,325,421
3.60%, 04/07/32 (Call 03/07/32)(a)		1,400		1,251,283
3.95%, 08/04/25		1,090		1,068,623
5.00%, 04/28/28 (Call 03/28/28)		1,325		1,320,244
5.14%, 04/28/25		720		717,487
5.62%, 07/17/26		400		403,940
5.93%, 10/02/26		625		636,609
5.99%, 10/03/28 (Call 09/03/28)(a)		805		833,017
6.09%, 10/03/33 (Call 07/03/33)		1,485		1,541,453
CIMB Bank Bhd, 2.13%, 07/20/27(b)		720		652,082
Citibank NA
5.49%, 12/04/26 (Call 11/04/26)(a)		2,435		2,455,303
5.80%, 09/29/28 (Call 08/29/28)		2,405		2,477,797
5.86%, 09/29/25 (Call 08/29/25)		1,750		1,770,561
Citigroup Inc.
1.12%, 01/28/27 (Call 01/28/26),
(1-day SOFR + 0.765%)(d)		2,835		2,612,712

S C H E D U L E  O F  I N V E S T M E N T S 37

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
1.46%, 06/09/27 (Call 06/09/26),
(1-day SOFR + 0.770%)(d)	$	3,365	$	3,082,028
2.52%, 11/03/32 (Call 11/03/31),
(1-day SOFR + 1.177%)(d)		2,504		2,032,469
2.56%, 05/01/32 (Call 05/01/31),
(1-day SOFR + 1.167%)(d)		4,040		3,326,239
2.57%, 06/03/31 (Call 06/03/30),
(1-day SOFR + 2.107%)(d)		4,655		3,936,331
2.67%, 01/29/31 (Call 01/29/30),
(1-day SOFR + 1.146%)(d)		3,149		2,701,639
2.90%, 11/03/42 (Call 11/03/41),
(1-day SOFR + 1.379%)(d)		1,830		1,297,772
2.98%, 11/05/30 (Call 11/05/29),
(1-day SOFR + 1.422%)(a)(d)		2,862		2,522,282
3.06%, 01/25/33 (Call 01/25/32),
(1-day SOFR + 1.351%)(a)(d)		4,046		3,397,187
3.07%, 02/24/28 (Call 02/24/27),
(1-day SOFR + 1.280%)(d)		3,313		3,103,248
3.11%, 04/08/26 (Call 04/08/25),
(1-day SOFR + 2.842%)(d)		4,323		4,207,625
3.20%, 10/21/26 (Call 07/21/26)(a)		3,693		3,506,803
3.29%, 03/17/26 (Call 03/17/25),
(1-day SOFR + 1.528%)(d)		1,875		1,830,369
3.30%, 04/27/25		1,471		1,438,229
3.40%, 05/01/26		3,067		2,950,773
3.52%, 10/27/28 (Call 10/27/27),
(3-mo. SOFR + 1.412%)(d)		3,828		3,597,323
3.67%, 07/24/28 (Call 07/24/27),
(3-mo. SOFR + 1.652%)(d)		3,397		3,221,012
3.70%, 01/12/26		2,558		2,490,174
3.79%, 03/17/33 (Call 03/17/32),
(1-day SOFR + 1.939%)(d)		4,187		3,704,800
3.88%, 03/26/25		1,274		1,250,578
3.88%, 01/24/39 (Call 01/24/38),
(3-mo. SOFR + 1.430%)(d)		1,421		1,195,824
3.89%, 01/10/28 (Call 01/10/27),
(3-mo. SOFR + 1.825%)(d)		3,671		3,528,281
3.98%, 03/20/30 (Call 03/20/29),
(3-mo. SOFR + 1.600%)(d)		3,310		3,102,664
4.08%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.454%)(d)		2,853		2,722,907
4.13%, 07/25/28		3,190		3,034,475
4.28%, 04/24/48 (Call 04/24/47),
(3-mo. SOFR + 2.101%)(d)		1,472		1,249,073
4.30%, 11/20/26		1,504		1,464,963
4.40%, 06/10/25		3,071		3,025,344
4.41%, 03/31/31 (Call 03/31/30),
(1-day SOFR + 3.914%)(d)		4,919		4,646,703
4.45%, 09/29/27		4,410		4,271,764
4.60%, 03/09/26		1,615		1,588,539
4.65%, 07/30/45		1,379		1,240,249
4.65%, 07/23/48 (Call 06/23/48)(a)		3,408		3,032,882
4.66%, 05/24/28 (Call 05/24/27),
(1-day SOFR + 1.887%)(d)		960		943,057
4.75%, 05/18/46		2,766		2,434,581
4.91%, 05/24/33 (Call 05/24/32),
(1-day SOFR + 2.086%)(d)		3,337		3,195,144
5.17%, 02/13/30 (Call 02/13/29),
(1-day SOFR + 1.364%)(d)		1,590		1,573,760
5.30%, 05/06/44		1,343		1,282,500

Security	Par (000)		Value
Banks (continued)
5.32%, 03/26/41 (Call 03/26/40),
(1-day SOFR + 4.548%)(d)	$	1,261	$	1,233,149
5.50%, 09/13/25		1,873		1,869,436
5.61%, 09/29/26 (Call 09/29/25),
(1-day SOFR + 1.546%)(d)		3,567		3,571,526
5.83%, 02/13/35 (Call 02/13/34),
(1-day SOFR + 2.056%)(d)		2,630		2,573,115
5.88%, 02/22/33		808		824,171
5.88%, 01/30/42(a)		1,449		1,521,743
6.00%, 10/31/33(a)		1,087		1,123,467
6.13%, 08/25/36		1,057		1,085,202
6.17%, 05/25/34 (Call 05/25/33),
(1-day SOFR + 2.661%)(d)		3,495		3,521,195
6.27%, 11/17/33 (Call 11/17/32),
(1-day SOFR + 2.338%)(a)(d)		3,364		3,528,993
6.63%, 01/15/28(a)		413		436,441
6.63%, 06/15/32		1,427		1,519,451
6.68%, 09/13/43		1,352		1,491,616
6.88%, 03/05/38(a)		545		589,881
6.88%, 02/15/98		216		246,989
8.13%, 07/15/39		2,605		3,308,057
Citizens Bank NA
2.25%, 04/28/25 (Call 03/28/25)(a)		810		777,189
4.58%, 08/09/28 (Call 08/09/27),
(1-day SOFR + 2.000%)(a)(d)		1,035		986,185
Citizens Bank NA/Providence RI, 3.75%, 02/18/26 (Call 11/18/25)		668		639,919
Citizens Financial Group Inc.
2.50%, 02/06/30 (Call 11/06/29)		585		485,295
2.64%, 09/30/32 (Call 07/02/32)		748		567,955
2.85%, 07/27/26 (Call 04/27/26)(a)		830		773,688
3.25%, 04/30/30 (Call 01/30/30)(a)		1,050		908,460
4.30%, 12/03/25 (Call 11/03/25)		388		377,782
5.64%, 05/21/37 (Call 05/21/32),
(5-year CMT + 2.750%)(a)(d)		585		536,990
5.84%, 01/23/30 (Call 01/23/29),
(1-day SOFR + 2.010%)(d)		185		182,785
Comerica Bank
4.00%, 07/27/25		345		334,652
5.33%, 08/25/33 (Call 08/25/32),
(1-day SOFR + 2.610%)(d)		225		200,910
Comerica Inc.
3.80%, 07/22/26		457		436,826
4.00%, 02/01/29 (Call 11/03/28)(a)		954		857,675
Commonwealth Bank of Australia
1.13%, 06/15/26(b)		2,657		2,432,782
1.88%, 09/15/31(a)(b)		1,354		1,087,702
2.30%, 03/14/25(a)(b)		1,505		1,461,452
2.55%, 03/14/27(a)(b)		1,701		1,585,507
2.63%, 09/06/26(a)(b)		1,075		1,015,257
2.69%, 03/11/31(b)		2,410		1,981,342
2.85%, 05/18/26(b)		925		882,598
3.15%, 09/19/27(b)		632		593,160
3.31%, 03/11/41(a)(b)		1,482		1,062,282
3.61%, 09/12/34 (Call 09/12/29),
(5-year CMT + 2.050%)(a)(b)(d)		1,896		1,686,686
3.74%, 09/12/39(a)(b)		2,021		1,586,921
3.78%, 03/14/32(b)		990		866,007
3.90%, 03/16/28(a)(b)		1,157		1,114,121
3.90%, 07/12/47(a)(b)		1,693		1,389,703
4.32%, 01/10/48(b)		1,176		944,095

38 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.50%, 12/09/25(b)	$	538	$	527,848
Commonwealth Bank of Australia/New York
5.32%, 03/13/26		1,370		1,376,454
5.50%, 09/12/25		500		502,857
Cooperatieve Rabobank UA
1.00%, 09/24/26 (Call 09/24/25),
(1-year CMT + 0.730%)(b)(d)		1,649		1,536,581
1.11%, 02/24/27 (Call 02/24/26),
(1-year CMT + 0.550%)(b)(d)		2,620		2,402,042
1.34%, 06/24/26 (Call 06/24/25),
(1-year CMT + 1.000%)(b)(d)		1,300		1,228,420
1.98%, 12/15/27 (Call 12/15/26),
(1-year CMT + 0.730%)(b)(d)		2,165		1,964,048
3.65%, 04/06/28 (Call 04/06/27),
(1-year CMT + 1.220%)(b)(d)		1,696		1,606,861
3.75%, 07/21/26		2,273		2,178,687
3.76%, 04/06/33 (Call 04/06/32),
(1-year CMT + 1.420%)(b)(d)		1,230		1,091,700
4.38%, 08/04/25		1,170		1,147,515
4.66%, 08/22/28 (Call 08/22/27),
(1-year CMT + 1.750%)(b)(d)		2,065		2,011,965
4.80%, 01/09/29(a)		600		594,345
4.85%, 01/09/26		500		497,886
5.04%, 03/05/27		750		750,192
5.25%, 05/24/41(a)		1,987		2,008,075
5.25%, 08/04/45(a)		1,232		1,195,671
5.45%, 03/05/30 (Call 03/05/29),
(1-year CMT + 1.120%)(b)(d)		1,250		1,250,012
5.56%, 02/28/29 (Call 02/28/28),
(1-year CMT + 1.400%)(b)(d)		40		40,139
5.75%, 12/01/43		1,890		1,901,576
Cooperatieve Rabobank UA/NY
3.38%, 05/21/25		1,982		1,940,515
5.50%, 07/18/25		750		753,527
5.50%, 10/05/26		710		718,370
Credicorp Ltd., 2.75%, 06/17/25
(Call 05/17/25)(a)(b)		605		579,380
Credit Agricole SA
1.25%, 01/26/27 (Call 01/26/26),
(1-day SOFR + 0.891%)(b)(d)		1,212		1,118,770
2.02%, 01/11/27(a)(b)		1,000		919,317
2.81%, 01/11/41(b)		1,287		864,213
3.25%, 01/14/30(a)(b)		1,919		1,683,316
4.00%, 01/10/33 (Call 01/10/28),
(5-year USD Swap + 1.644%)(b)(d)		1,555		1,437,008
4.38%, 03/17/25(b)		325		319,427
5.30%, 07/12/28(a)(b)		1,795		1,808,358
5.34%, 01/10/30 (Call 01/10/29),
(1-day SOFR + 1.690%)(a)(b)(d)		1,020		1,011,838
5.51%, 07/05/33(b)		715		728,127
5.59%, 07/05/26(b)		1,095		1,104,096
6.25%, 01/10/35 (Call 01/10/34),
(1-day SOFR + 2.670%)(b)(d)		1,720		1,718,655
6.32%, 10/03/29 (Call 10/03/28),
(1-day SOFR + 1.860%)(b)(d)		2,445		2,519,875
Credit Agricole SA/London
1.91%, 06/16/26 (Call 06/16/25),
(1-day SOFR + 1.676%)(b)(d)		2,462		2,345,759
4.13%, 01/10/27(a)(b)		1,941		1,880,279
Credit Suisse AG/New York
1.25%, 08/07/26		2,090		1,894,918

Security	Par (000)		Value
Banks (continued)
2.95%, 04/09/25	$	1,319	$	1,280,766
5.00%, 07/09/27		1,815		1,798,246
7.50%, 02/15/28		3,075		3,309,746
Danske Bank A/S
1.55%, 09/10/27 (Call 09/10/26),
(1-year CMT + 0.730%)(a)(b)(d)		835		758,293
1.62%, 09/11/26 (Call 09/11/25),
(1-year CMT + 1.350%)(b)(d)		892		836,221
4.30%, 04/01/28 (Call 04/01/27),
(1-year CMT + 1.750%)(a)(b)(d)		1,615		1,555,385
4.38%, 06/12/28(b)		654		632,006
5.43%, 03/01/28 (Call 03/01/27),
(1-year CMT + 0.950%)(b)(d)		1,000		1,001,469
5.71%, 03/01/30 (Call 03/01/29),
(1-year CMT + 1.400%)(b)(d)		1,000		1,002,123
6.26%, 09/22/26 (Call 09/22/25),
(1-year CMT + 1.180%)(b)(d)		1,545		1,560,928
Deutsche Bank AG
4.10%, 01/13/26		684		665,810
4.50%, 04/01/25(a)		1,525		1,495,765
5.71%, 02/08/28 (Call 02/08/27),
(1-day SOFR + 1.594%)(d)		670		665,362
Deutsche Bank AG/New York
1.69%, 03/19/26		1,090		1,015,654
2.13%, 11/24/26 (Call 11/24/25),
(1-day SOFR + 1.870%)(d)		2,675		2,506,977
2.31%, 11/16/27 (Call 11/16/26),
(1-day SOFR + 1.219%)(d)		1,640		1,489,849
2.55%, 01/07/28 (Call 01/07/27),
(1-day SOFR + 1.318%)(d)		2,770		2,525,749
3.04%, 05/28/32 (Call 05/28/31),
(1-day SOFR + 1.718%)(d)		1,528		1,263,487
3.55%, 09/18/31 (Call 09/18/30),
(1-day SOFR + 3.043%)(d)		2,672		2,318,358
3.73%, 01/14/32 (Call 10/14/30),
(1-day SOFR + 2.757%)(d)		1,200		982,922
3.74%, 01/07/33 (Call 10/07/31),
(1-day SOFR + 2.257%)(d)		1,365		1,097,004
4.10%, 01/13/26		660		643,788
4.16%, 05/13/25		295		290,410
4.88%, 12/01/32 (Call 12/01/27),
(5-year USD ICE Swap + 2.553%)(d)		1,520		1,406,956
5.37%, 09/09/27		570		571,044
5.88%, 07/08/31 (Call 04/08/30),
(1-day SOFR + 5.438%)(d)		380		363,750
6.12%, 07/14/26 (Call 07/14/25),
(1-day SOFR + 3.190%)(d)		1,210		1,212,614
6.72%, 01/18/29 (Call 01/18/28),
(1-day SOFR + 3.180%)(d)		1,410		1,448,614
6.82%, 11/20/29 (Call 11/20/28),
(1-day SOFR + 2.510%)(d)		1,050		1,085,846
7.08%, 02/10/34 (Call 11/10/32),
(1-day SOFR + 3.650%)(d)		1,645		1,639,631
7.15%, 07/13/27 (Call 07/13/26),
(1-day SOFR + 2.520%)(d)		1,430		1,468,813
Discover Bank
2.70%, 02/06/30 (Call 11/06/29)		750		637,636
3.45%, 07/27/26 (Call 04/27/26)		1,360		1,289,799
4.25%, 03/13/26		507		492,417
4.65%, 09/13/28 (Call 06/13/28)		980		935,791

S C H E D U L E  O F  I N V E S T M E N T S 39

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
DNB Bank ASA
1.13%, 09/16/26 (Call 09/16/25),
(1-year CMT + 0.850%)(a)(b)(d)	$	845	$	788,212
1.54%, 05/25/27 (Call 05/25/26),
(1-year CMT + 0.720%)(a)(b)(d)		1,300		1,192,615
1.61%, 03/30/28 (Call 03/30/27),
(1-year CMT + 0.680%)(a)(b)(d)		890		792,284
5.90%, 10/09/26 (Call 10/09/25),
(1-day SOFR + 1.950%)(a)(b)(d)		1,305		1,311,833
Federation des Caisses Desjardins du Quebec
4.40%, 08/23/25(a)(b)		647		637,894
4.55%, 08/23/27(a)(b)		646		633,973
5.25%, 04/26/29(b)		1,080		1,070,240
5.70%, 03/14/28(a)(b)		935		945,291
Fifth Third Bancorp.
1.71%, 11/01/27 (Call 11/01/26),
(1-day SOFR + 0.685%)(d)		725		651,019
2.55%, 05/05/27 (Call 04/05/27)		922		846,660
3.95%, 03/14/28 (Call 02/14/28)(a)		773		735,292
4.06%, 04/25/28 (Call 04/25/27),
(1-day SOFR + 1.355%)(d)		745		706,308
4.34%, 04/25/33 (Call 04/25/32),
(1-day SOFR + 1.660%)(a)(d)		805		729,803
4.77%, 07/28/30 (Call 07/28/29),
(1-day SOFR + 2.127%)(d)		1,396		1,332,082
5.63%, 01/29/32 (Call 01/29/31),
(1-day SOFR + 1.840%)(a)(d)		345		341,912
6.34%, 07/27/29 (Call 07/27/28),
(1-day SOFR + 2.340%)(d)		1,385		1,421,233
6.36%, 10/27/28 (Call 10/27/27),
(1-day SOFR + 2.192%)(d)		1,494		1,523,066
8.25%, 03/01/38		1,490		1,761,749
Fifth Third Bank NA
2.25%, 02/01/27 (Call 01/01/27)		937		859,700
3.85%, 03/15/26 (Call 02/15/26)		1,176		1,132,904
3.95%, 07/28/25 (Call 06/28/25)		770		753,624
First Citizens BancShares Inc./NC, 3.38%, 03/15/30 (Call 03/15/25), (3-mo. SOFR + 2.465%)(a)(d)		772		738,209
First Horizon Bank, 5.75%, 05/01/30
(Call 02/01/30)		645		602,636
First Horizon Corp., 4.00%, 05/26/25
(Call 04/26/25)(a)		380		371,494
First-Citizens Bank & Trust Co., 6.13%, 03/09/28(a)		525		533,159
FNB Corp., 5.15%, 08/25/25 (Call 07/25/25)(a)		473		464,409
Goldman Sachs Capital I, 6.35%, 02/15/34		820		840,106
Goldman Sachs Group Inc. (The)
1.09%, 12/09/26 (Call 12/09/25),
(1-day SOFR + 0.789%)(d)		2,549		2,361,247
1.43%, 03/09/27 (Call 03/09/26),
(1-day SOFR + 0.798%)(d)		3,762		3,477,017
1.54%, 09/10/27 (Call 09/10/26),
(1-day SOFR + 0.818%)(d)		3,595		3,272,483
1.95%, 10/21/27 (Call 10/21/26),
(1-day SOFR + 0.913%)(d)		5,378		4,923,284
1.99%, 01/27/32 (Call 01/27/31),
(1-day SOFR + 1.090%)(d)		3,481		2,791,194
2.38%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.248%)(d)		4,631		3,768,634
2.60%, 02/07/30 (Call 11/07/29)		2,878		2,499,360

Security	Par (000)		Value
Banks (continued)
2.62%, 04/22/32 (Call 04/22/31),
(1-day SOFR + 1.281%)(d)	$	4,848	$	4,031,018
2.64%, 02/24/28 (Call 02/24/27),
(1-day SOFR + 1.114%)(d)		3,988		3,693,424
2.65%, 10/21/32 (Call 10/21/31),
(1-day SOFR + 1.264%)(d)		3,937		3,247,136
2.91%, 07/21/42 (Call 07/21/41),
(1-day SOFR + 1.472%)(d)		1,994		1,413,346
3.10%, 02/24/33 (Call 02/24/32),
(1-day SOFR + 1.410%)(d)		5,275		4,473,308
3.21%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.513%)(d)		3,061		2,277,722
3.44%, 02/24/43 (Call 02/24/42),
(1-day SOFR + 1.632%)(d)		2,576		1,959,590
3.50%, 04/01/25 (Call 03/01/25)		3,878		3,797,833
3.50%, 11/16/26 (Call 11/16/25)		3,124		2,996,463
3.62%, 03/15/28 (Call 03/15/27),
(1-day SOFR + 1.846%)(d)		3,835		3,656,411
3.69%, 06/05/28 (Call 06/05/27),
(3-mo. SOFR + 1.772%)(a)(d)		3,043		2,901,959
3.75%, 05/22/25 (Call 02/22/25)		2,494		2,444,377
3.75%, 02/25/26 (Call 11/25/25)		2,227		2,170,421
3.80%, 03/15/30 (Call 12/15/29)		2,750		2,556,920
3.81%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.420%)(d)		3,316		3,130,747
3.85%, 01/26/27 (Call 01/26/26)		3,995		3,858,084
4.02%, 10/31/38 (Call 10/31/37),
(3-mo. SOFR + 1.635%)(d)		3,484		2,976,617
4.22%, 05/01/29 (Call 05/01/28),
(3-mo. SOFR + 1.563%)(d)		4,561		4,373,269
4.25%, 10/21/25(a)		2,511		2,466,520
4.39%, 06/15/27 (Call 06/15/26),
(1-day SOFR + 1.510%)(a)(d)		1,100		1,079,674
4.41%, 04/23/39 (Call 04/23/38),
(3-mo. SOFR + 1.692%)(d)		2,195		1,942,390
4.48%, 08/23/28 (Call 08/23/27),
(1-day SOFR + 1.725%)(d)		3,430		3,344,330
4.75%, 10/21/45 (Call 04/21/45)		2,467		2,254,140
4.80%, 07/08/44 (Call 01/08/44)		2,499		2,282,478
5.15%, 05/22/45		2,380		2,271,373
5.80%, 08/10/26 (Call 08/10/25),
(1-day SOFR + 1.075%)(d)		2,475		2,488,648
5.95%, 01/15/27		1,155		1,179,201
6.13%, 02/15/33(a)		825		884,989
6.25%, 02/01/41		3,207		3,452,231
6.45%, 05/01/36(a)		1,208		1,286,976
6.48%, 10/24/29 (Call 10/24/28),
(1-day SOFR + 1.770%)(d)		3,660		3,834,774
6.56%, 10/24/34 (Call 10/24/33),
(1-day SOFR + 1.950%)(a)(d)		1,315		1,416,526
6.75%, 10/01/37		7,250		7,880,397
Hana Bank
1.25%, 12/16/26(a)(b)		95		85,038
3.25%, 03/30/27(b)		280		265,003
3.50%, (Call 10/19/26),
(5-year CMT + 2.409%)(b)(d)(e)		390		365,804
5.75%, 10/24/28(b)		185		190,287
HBOS PLC, 6.00%, 11/01/33(b)		476		449,664
HSBC Bank USA NA, 7.00%, 01/15/39		935		1,069,556
HSBC Bank USA NA/New York 5.63%, 08/15/35(a)		510		499,907

40 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.88%, 11/01/34	$	505	$	520,768
HSBC Capital Funding Dollar 1 LP, 10.18%, (Call 06/30/30),
(3-mo. LIBOR US + 4.980%)(b)(d)(e)		1,067		1,337,216
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26), (1-day SOFR + 1.290%)(d)		2,830		2,590,973
1.65%, 04/18/26 (Call 04/18/25), (1-day SOFR + 1.538%)(d)		2,402		2,292,498
2.01%, 09/22/28 (Call 09/22/27), (1-day SOFR + 1.732%)(d)		2,755		2,440,819
2.10%, 06/04/26 (Call 06/04/25), (1-day SOFR + 1.929%)(d)		2,575		2,463,511
2.21%, 08/17/29 (Call 08/17/28), (1-day SOFR + 1.285%)(d)		2,745		2,383,188
2.25%, 11/22/27 (Call 11/22/26), (1-day SOFR + 1.100%)(d)		3,260		2,986,306
2.36%, 08/18/31 (Call 08/18/30), (1-day SOFR + 1.947%)(d)		1,800		1,481,045
2.80%, 05/24/32 (Call 05/24/31), (1-day SOFR + 1.187%)(d)		4,292		3,548,554
2.85%, 06/04/31 (Call 06/04/30), (1-day SOFR + 2.387%)(d)		1,922		1,635,886
2.87%, 11/22/32 (Call 11/22/31), (1-day SOFR + 1.410%)(d)		2,310		1,905,503
3.00%, 03/10/26 (Call 03/10/25), (1-day SOFR + 1.430%)(d)		2,750		2,672,924
3.90%, 05/25/26		3,305		3,202,436
3.97%, 05/22/30 (Call 05/22/29), (3-mo. SOFR + 1.872%)(a)(d)		3,842		3,562,401
4.04%, 03/13/28 (Call 03/13/27), (3-mo. SOFR + 1.808%)(d)		3,293		3,156,874
4.25%, 08/18/25		660		645,835
4.29%, 09/12/26 (Call 09/12/25), (3-mo. SOFR + 1.609%)(a)(d)		2,991		2,931,628
4.30%, 03/08/26(a)		3,487		3,417,732
4.38%, 11/23/26		1,979		1,925,778
4.58%, 06/19/29 (Call 06/19/28), (3-mo. SOFR + 1.796%)(d)		3,741		3,599,057
4.76%, 06/09/28 (Call 06/09/27), (1-day SOFR + 2.110%)(d)		3,175		3,100,141
4.76%, 03/29/33 (Call 03/29/32), (1-day SOFR + 2.530%)(d)		3,120		2,867,372
4.95%, 03/31/30		3,022		2,959,472
5.21%, 08/11/28 (Call 08/11/27), (1-day SOFR + 2.610%)(d)		2,610		2,584,689
5.25%, 03/14/44(a)		1,660		1,580,566
5.40%, 08/11/33 (Call 08/11/32), (1-day SOFR + 2.870%)(d)		3,200		3,144,534
5.55%, 03/04/30 (Call 03/04/29), (1-day SOFR + 1.460%)(d)		2,000		1,998,172
5.72%, 03/04/35 (Call 03/04/34), (1-day SOFR + 1.780%)(d)		2,000		1,993,023
5.89%, 08/14/27 (Call 08/14/26), (1-day SOFR + 1.570%)(d)		2,715		2,733,010
6.10%, 01/14/42(a)		920		1,008,449
6.16%, 03/09/29 (Call 03/09/28), (1-day SOFR + 1.970%)(d)		2,710		2,768,847
6.25%, 03/09/34 (Call 03/09/33), (1-day SOFR + 2.390%)(a)(d)		2,970		3,081,830

Security	Par (000)		Value
Banks (continued)
6.33%, 03/09/44 (Call 03/09/43), (1-day SOFR + 2.650%)(d)	$	3,790	$	3,984,679
6.50%, 05/02/36		2,610		2,721,913
6.50%, 09/15/37		2,033		2,100,204
6.55%, 06/20/34 (Call 06/20/33), (1-day SOFR + 2.980%)(d)		1,850		1,893,482
6.80%, 06/01/38(a)		809		849,184
7.34%, 11/03/26 (Call 11/03/25), (1-day SOFR + 3.030%)(d)		2,305		2,373,284
7.39%, 11/03/28 (Call 11/03/27), (1-day SOFR + 3.350%)(d)		3,195		3,384,694
7.40%, 11/13/34 (Call 11/13/33), (1-day SOFR + 3.020%)(d)		2,250		2,412,270
7.63%, 05/17/32(a)		110		121,959
8.11%, 11/03/33 (Call 11/03/32), (1-day SOFR + 4.250%)(d)		2,715		3,065,840
HSBC USA Inc.
5.29%, 03/04/27		665		665,632
5.63%, 03/17/25		1,200		1,201,458
7.20%, 07/15/97(a)		170		203,112
Huntington Bancshares Inc./OH
2.49%, 08/15/36 (Call 08/15/31), (5-year CMT + 1.170%)(a)(d)		770		582,478
2.55%, 02/04/30 (Call 11/04/29)		1,010		852,122
4.00%, 05/15/25 (Call 04/15/25)(a)		350		343,711
4.44%, 08/04/28 (Call 08/04/27), (1-day SOFR + 1.970%)(a)(d)		1,327		1,274,459
5.02%, 05/17/33 (Call 05/17/32), (1-day SOFR + 2.050%)(d)		693		655,126
6.21%, 08/21/29 (Call 08/21/28), (1-day SOFR + 2.020%)(d)		1,010		1,027,029
Huntington National Bank (The)
4.55%, 05/17/28 (Call 05/17/27), (1-day SOFR + 1.650%)(d)		965		931,064
5.65%, 01/10/30 (Call 11/10/29)		825		822,317
ICICI Bank Ltd./Dubai
3.80%, 12/14/27(b)		450		424,558
4.00%, 03/18/26(b)		935		907,826
Industrial & Commercial Bank of China Ltd.,
4.88%, 09/21/25(a)(b)		1,975		1,952,979
Industrial & Commercial Bank of China Ltd./ New York, 3.54%, 11/08/27		1,543		1,466,329
ING Groep NV
1.40%, 07/01/26 (Call 07/01/25), (1-year CMT + 1.100%)(b)(d)		1,403		1,328,573
1.73%, 04/01/27 (Call 04/01/26), (1-day SOFR + 1.005%)(d)		1,524		1,410,780
2.73%, 04/01/32 (Call 04/01/31), (1-day SOFR + 1.316%)(d)		1,082		910,845
3.87%, 03/28/26 (Call 03/28/25), (1-day SOFR + 1.640%)(d)		1,345		1,320,057
3.95%, 03/29/27		2,074		1,997,288
4.02%, 03/28/28 (Call 03/28/27), (1-day SOFR + 1.830%)(d)		1,295		1,243,463
4.05%, 04/09/29		1,074		1,015,686
4.25%, 03/28/33 (Call 03/28/32), (1-day SOFR + 2.070%)(a)(d)		1,510		1,390,036
4.55%, 10/02/28		1,607		1,568,191
4.63%, 01/06/26(b)		2,476		2,445,111
6.08%, 09/11/27 (Call 09/11/26), (1-day SOFR + 1.560%)(d)		585		592,733

S C H E D U L E  O F  I N V E S T M E N T S 41

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.11%, 09/11/34 (Call 09/11/33), (1-day SOFR + 2.090%)(d)	$	975	$	1,005,592
Intesa Sanpaolo SpA
3.88%, 07/14/27(a)(b)		1,500		1,398,588
3.88%, 01/12/28(b)		645		593,440
6.63%, 06/20/33(a)(b)		1,370		1,385,029
7.00%, 11/21/25(a)(b)		710		722,709
7.20%, 11/28/33(b)		1,845		1,931,450
7.78%, 06/20/54 (Call 06/20/53), (1-year CMT + 3.900%)(b)(d)		2,005		2,025,834
7.80%, 11/28/53(b)		1,370		1,480,058
8.25%, 11/21/33 (Call 11/21/32), (1-year CMT + 4.400%)(b)(d)		1,820		1,975,073
JPMorgan Chase & Co.
1.04%, 02/04/27 (Call 02/04/26), (3-mo. SOFR + 0.695%)(d)		2,707		2,494,632
1.05%, 11/19/26 (Call 11/19/25), (1-day SOFR + 0.800%)(d)		3,392		3,153,828
1.47%, 09/22/27 (Call 09/22/26), (1-day SOFR + 0.765%)(d)		3,464		3,147,505
1.58%, 04/22/27 (Call 04/22/26), (1-day SOFR + 0.885%)(d)		4,310		3,985,633
1.76%, 11/19/31 (Call 11/19/30), (3-mo. SOFR + 1.105%)(a)(d)		1,906		1,534,968
1.95%, 02/04/32 (Call 02/04/31), (1-day SOFR + 1.065%)(d)		3,908		3,142,899
2.01%, 03/13/26 (Call 03/13/25), (3-mo. SOFR + 1.585%)(d)		2,948		2,842,278
2.07%, 06/01/29 (Call 06/01/28), (1-day SOFR + 1.015%)(d)		2,880		2,537,260
2.08%, 04/22/26 (Call 04/22/25), (1-day SOFR + 1.850%)(d)		5,001		4,811,544
2.18%, 06/01/28 (Call 06/01/27), (1-day SOFR + 1.890%)(d)		2,240		2,040,756
2.52%, 04/22/31 (Call 04/22/30), (1-day SOFR + 2.040%)(d)		3,575		3,058,818
2.53%, 11/19/41 (Call 11/19/40), (3-mo. SOFR + 1.510%)(a)(d)		2,235		1,535,792
2.55%, 11/08/32 (Call 11/08/31), (1-day SOFR + 1.180%)(d)		4,068		3,349,742
2.58%, 04/22/32 (Call 04/22/31), (3-mo. SOFR + 1.250%)(d)		4,518		3,780,237
2.74%, 10/15/30 (Call 10/15/29), (3-mo. SOFR + 1.510%)(d)		4,843		4,248,725
2.95%, 10/01/26 (Call 07/01/26)		2,757		2,620,882
2.95%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.170%)(d)		2,300		2,154,543
2.96%, 05/13/31 (Call 05/13/30), (3-mo. SOFR + 2.515%)(d)		3,678		3,194,612
2.96%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.260%)(d)		4,627		3,907,927
3.11%, 04/22/41 (Call 04/22/40), (3-mo. SOFR + 2.460%)(d)		2,112		1,588,993
3.11%, 04/22/51 (Call 04/22/50), (1-day SOFR + 2.440%)(d)		3,090		2,120,473
3.16%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.460%)(d)		2,803		2,101,716
3.20%, 06/15/26 (Call 03/15/26)(a)		2,598		2,500,273
3.30%, 04/01/26 (Call 01/01/26)		3,285		3,168,117
3.33%, 04/22/52 (Call 04/22/51), (1-day SOFR + 1.580%)(d)		4,676		3,319,517

Security	Par (000)		Value
Banks (continued)
3.51%, 01/23/29 (Call 01/23/28), (3-mo. SOFR + 1.207%)(d)	$	3,179	$	2,994,252
3.54%, 05/01/28 (Call 05/01/27), (3-mo. SOFR + 1.642%)(d)		3,393		3,225,190
3.63%, 12/01/27 (Call 12/01/26)		1,691		1,610,457
3.70%, 05/06/30 (Call 05/06/29), (3-mo. SOFR + 1.422%)(d)		3,416		3,182,655
3.78%, 02/01/28 (Call 02/01/27), (3-mo. SOFR + 1.599%)(d)		2,916		2,800,012
3.88%, 07/24/38 (Call 07/24/37), (3-mo. SOFR + 1.622%)(d)		3,450		2,942,812
3.90%, 07/15/25 (Call 04/15/25)		2,479		2,436,917
3.90%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.482%)(d)		2,398		1,914,828
3.96%, 01/29/27 (Call 01/29/26), (3-mo. SOFR + 1.507%)(d)		2,560		2,499,309
3.96%, 11/15/48 (Call 11/15/47), (3-mo. SOFR + 1.642%)(d)		4,148		3,329,726
4.01%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.382%)(d)		2,949		2,817,461
4.03%, 07/24/48 (Call 07/24/47), (3-mo. SOFR + 1.722%)(d)		2,118		1,721,762
4.08%, 04/26/26 (Call 04/26/25), (1-day SOFR + 1.320%)(d)		3,480		3,423,716
4.13%, 12/15/26(a)		2,885		2,816,496
4.20%, 07/23/29 (Call 07/23/28), (3-mo. SOFR + 1.522%)(d)		3,509		3,369,197
4.25%, 10/01/27		2,252		2,206,530
4.26%, 02/22/48 (Call 02/22/47), (3-mo. SOFR + 1.842%)(d)		2,532		2,151,582
4.32%, 04/26/28 (Call 04/26/27), (1-day SOFR + 1.560%)(d)		4,140		4,040,013
4.45%, 12/05/29 (Call 12/05/28), (3-mo. SOFR + 1.592%)(d)		3,046		2,946,386
4.49%, 03/24/31 (Call 03/24/30), (3-mo. SOFR + 3.790%)(d)		3,649		3,504,667
4.57%, 06/14/30 (Call 06/14/29), (1-day SOFR + 1.750%)(d)		2,795		2,707,898
4.59%, 04/26/33 (Call 04/26/32), (1-day SOFR + 1.800%)(d)		3,250		3,083,709
4.85%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.990%)(d)		4,500		4,450,132
4.85%, 02/01/44		1,370		1,286,446
4.91%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.080%)(a)(d)		5,828		5,653,558
4.95%, 06/01/45		2,384		2,238,292
5.01%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.310%)(d)		3,305		3,269,797
5.04%, 01/23/28 (Call 01/23/27), (1-day SOFR + 1.190%)(d)		1,895		1,884,926
5.30%, 07/24/29 (Call 07/24/28), (1-day SOFR + 1.450%)(d)		3,515		3,523,964
5.34%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.620%)(d)		1,685		1,675,949
5.35%, 06/01/34 (Call 06/01/33), (1-day SOFR + 1.845%)(d)		5,495		5,470,656
5.40%, 01/06/42(a)		1,715		1,736,321
5.50%, 10/15/40		1,790		1,830,268
5.60%, 07/15/41		2,436		2,513,324
5.63%, 08/16/43(a)		1,771		1,817,585

42 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.72%, 09/14/33 (Call 09/14/32), (1-day SOFR + 2.580%)(a)(d)	$	4,555	$	4,612,075
6.07%, 10/22/27 (Call 10/22/26), (1-day SOFR + 1.330%)(d)		2,980		3,037,276
6.09%, 10/23/29 (Call 10/23/28), (1-day SOFR + 1.570%)(d)		3,065		3,168,131
6.25%, 10/23/34 (Call 10/23/33), (1-day SOFR + 1.810%)(d)		3,615		3,834,853
6.40%, 05/15/38		3,427		3,823,401
7.63%, 10/15/26		1,297		1,377,978
7.75%, 07/15/25		165		170,711
8.00%, 04/29/27		1,254		1,362,536
8.75%, 09/01/30		347		408,600
JPMorgan Chase Bank NA, 5.11%, 12/08/26 (Call 11/08/26)		3,515		3,519,582
KBC Group NV
5.80%, 01/19/29 (Call 01/19/28), (1-year CMT + 2.100%)(a)(b)(d)		1,200		1,207,286
6.32%, 09/21/34 (Call 09/21/33), (1-year CMT + 2.050%)(a)(b)(d)		1,245		1,290,138
KeyBank NA
4.70%, 01/26/26 (Call 12/26/25)		350		340,170
5.00%, 01/26/33 (Call 10/26/32)		880		803,332
KeyBank NA/Cleveland OH
3.30%, 06/01/25		908		873,993
3.40%, 05/20/26		737		695,063
3.90%, 04/13/29 (Call 03/13/29)(a)		900		799,890
4.15%, 08/08/25(a)		1,439		1,393,564
4.90%, 08/08/32(a)		1,110		973,858
5.85%, 11/15/27 (Call 10/16/27)		1,049		1,036,021
6.95%, 02/01/28		330		336,752
KeyCorp
2.25%, 04/06/27		1,093		976,298
2.55%, 10/01/29		680		568,729
4.10%, 04/30/28		647		605,928
4.15%, 10/29/25(a)		533		516,559
4.79%, 06/01/33 (Call 06/01/32), (1-day SOFR + 2.060%)(d)		1,045		945,289
KKR Group Finance Co. XII LLC,
4.85%, 05/17/32 (Call 02/17/32)(b)		1,108		1,057,563
Kookmin Bank
1.75%, 05/04/25(b)		550		526,831
2.50%, 11/04/30(b)		60		49,390
4.63%, 04/21/28(b)		74		72,766
Lloyds Bank PLC, 3.50%, 05/14/25		350		341,829
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26), (1-year CMT + 0.850%)(d)		890		816,292
3.37%, 12/14/46 (Call 09/14/41), (5-year CMT + 1.500%)(d)		2,056		1,398,061
3.51%, 03/18/26 (Call 03/18/25), (1-year CMT + 1.600%)(d)		1,505		1,469,145
3.57%, 11/07/28 (Call 11/07/27), (3-mo. LIBOR US + 1.205%)(d)		2,435		2,274,036
3.75%, 01/11/27		1,765		1,693,684
3.75%, 03/18/28 (Call 03/18/27), (1-year CMT + 1.800%)(d)		1,332		1,263,405
4.34%, 01/09/48		1,669		1,314,402
4.38%, 03/22/28		1,721		1,661,320
4.45%, 05/08/25		1,602		1,581,466
4.55%, 08/16/28		1,635		1,587,853

Security	Par (000)		Value
Banks (continued)
4.58%, 12/10/25	$	1,578	$	1,546,350
4.65%, 03/24/26		2,200		2,158,210
4.72%, 08/11/26 (Call 08/11/25), (1-year CMT + 1.750%)(d)		1,405		1,386,121
4.98%, 08/11/33 (Call 08/11/32), (1-year CMT + 2.300%)(a)(d)		1,195		1,137,297
5.30%, 12/01/45(a)		710		661,732
5.46%, 01/05/28 (Call 01/05/27), (1-year CMT + 1.375%)(d)		1,725		1,717,618
5.68%, 01/05/35 (Call 01/05/34), (1-year CMT + 1.750%)(a)(d)		1,460		1,443,456
5.87%, 03/06/29 (Call 03/06/28), (1-year CMT + 1.700%)(a)(d)		1,350		1,362,829
5.99%, 08/07/27 (Call 08/07/26), (1-year CMT + 1.480%)(d)		1,730		1,742,125
7.95%, 11/15/33 (Call 08/15/32), (1-year CMT + 3.750%)(d)		1,755		1,952,160
M&T Bank Corp.
4.55%, 08/16/28 (Call 08/16/27), (1-day SOFR + 1.780%)(d)		698		665,701
5.05%, 01/27/34 (Call 01/27/33), (1-day SOFR + 1.850%)(d)		1,570		1,441,358
Macquarie Bank Ltd.
3.05%, 03/03/36 (Call 03/03/31), (5-year CMT + 1.700%)(a)(b)(d)		1,475		1,200,894
3.23%, 03/21/25(b)		1,167		1,141,428
3.62%, 06/03/30(a)(b)		1,130		991,140
3.90%, 01/15/26(b)		1,150		1,120,156
4.00%, 07/29/25(a)(b)		520		510,826
4.88%, 06/10/25(a)(b)		750		740,405
5.21%, 06/15/26(a)(b)		980		978,385
5.39%, 12/07/26(b)		1,075		1,077,033
6.80%, 01/18/33(a)(b)		1,295		1,364,473
Macquarie Group Ltd.
1.34%, 01/12/27 (Call 01/12/26), (1-day SOFR + 1.069%)(b)(d)		1,697		1,565,962
1.63%, 09/23/27 (Call 09/23/26), (1-day SOFR + 0.910%)(a)(b)(d)		1,245		1,124,574
1.94%, 04/14/28 (Call 04/14/27), (1-day SOFR + 0.995%)(b)(d)		825		735,141
2.69%, 06/23/32 (Call 06/23/31), (1-day SOFR + 1.440%)(a)(b)(d)		1,285		1,056,719
2.87%, 01/14/33 (Call 01/14/32), (3-mo. SOFR + 1.532%)(a)(b)(d)		1,809		1,488,519
3.76%, 11/28/28 (Call 11/28/27), (3-mo. LIBOR US + 1.372%)(a)(b)(d)		1,106		1,033,187
4.10%, 06/21/28 (Call 06/21/27), (1-day SOFR + 2.125%)(b)(d)		905		862,734
4.44%, 06/21/33 (Call 06/21/32), (1-day SOFR + 2.405%)(a)(b)(d)		940		866,845
4.65%, 03/27/29 (Call 03/27/28), (3-mo. LIBOR US + 1.727%)(a)(b)(d)		735		710,294
5.03%, 01/15/30 (Call 01/15/29), (3-mo. LIBOR US + 1.750%)(a)(b)(d)		1,153		1,138,052
5.11%, 08/09/26 (Call 08/09/25), (1-day SOFR + 2.208%)(a)(b)(d)		765		760,093
5.49%, 11/09/33 (Call 11/09/32), (1-day SOFR + 2.865%)(b)(d)		430		426,296
5.89%, 06/15/34 (Call 06/15/33), (1-day SOFR + 2.380%)(a)(b)(d)		980		989,911

S C H E D U L E  O F  I N V E S T M E N T S 43

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.26%, 12/07/34 (Call 12/07/33), (1-day SOFR + 2.303%)(a)(b)(d)	$	1,200	$	1,241,629
Manufacturers & Traders Trust Co.
3.40%, 08/17/27(a)		651		594,621
4.65%, 01/27/26 (Call 12/27/25)		575		559,996
4.70%, 01/27/28 (Call 12/27/27)		1,555		1,495,981
5.40%, 11/21/25 (Call 10/21/25)		1,292		1,279,679
Mitsubishi UFJ Financial Group Inc.
1.41%, 07/17/25		2,015		1,908,464
1.54%, 07/20/27 (Call 07/20/26), (1-year CMT + 0.750%)(d)		2,330		2,131,711
1.64%, 10/13/27 (Call 10/13/26), (1-year CMT + 0.670%)(d)		1,535		1,399,456
2.05%, 07/17/30		1,645		1,365,465
2.31%, 07/20/32 (Call 07/20/31), (1-year CMT + 0.950%)(d)		1,595		1,306,557
2.34%, 01/19/28 (Call 01/19/27), (1-year CMT + 0.830%)(d)		2,030		1,873,875
2.49%, 10/13/32 (Call 10/13/31), (1-year CMT + 0.970%)(d)		1,071		886,139
2.56%, 02/25/30		1,404		1,215,908
2.76%, 09/13/26		1,505		1,419,498
2.85%, 01/19/33 (Call 01/19/32), (1-year CMT + 1.100%)(d)		1,509		1,271,550
3.20%, 07/18/29		1,791		1,628,714
3.29%, 07/25/27		616		582,599
3.68%, 02/22/27(a)		1,379		1,328,680
3.74%, 03/07/29(a)		2,221		2,097,783
3.75%, 07/18/39(a)		1,738		1,481,910
3.78%, 03/02/25		537		528,147
3.84%, 04/17/26 (Call 04/17/25), (1-year CMT + 1.125%)(d)		695		681,603
3.85%, 03/01/26		3,295		3,212,775
3.96%, 03/02/28		1,503		1,447,458
4.05%, 09/11/28		1,347		1,305,514
4.08%, 04/19/28 (Call 04/19/27), (1-year CMT + 1.300%)(d)		1,300		1,256,518
4.15%, 03/07/39		838		754,493
4.29%, 07/26/38(a)		631		584,228
4.32%, 04/19/33 (Call 04/19/32), (1-year CMT + 1.550%)(d)		670		626,976
5.02%, 07/20/28 (Call 07/20/27), (1-year CMT + 1.950%)(d)		1,910		1,897,547
5.13%, 07/20/33 (Call 07/20/32), (1-year CMT + 2.125%)(d)		2,050		2,028,225
5.24%, 04/19/29 (Call 04/19/28), (1-year CMT + 1.700%)(a)(d)		1,110		1,113,373
5.35%, 09/13/28 (Call 09/13/27), (1-year CMT + 1.900%)(d)		1,465		1,469,945
5.41%, 04/19/34 (Call 04/19/33), (1-year CMT + 1.970%)(d)		1,490		1,506,179
5.42%, 02/22/29 (Call 02/22/28), (1-year CMT + 1.380%)(d)		1,615		1,626,457
5.44%, 02/22/34 (Call 02/22/33), (1-year CMT + 1.630%)(a)(d)		1,570		1,588,290
5.47%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.125%)(d)		981		997,285
5.48%, 02/22/31 (Call 02/22/30), (1-year CMT + 1.530%)(d)		705		710,258
5.54%, 04/17/26 (Call 04/17/25), (1-year CMT + 1.500%)(d)		470		469,689

Security	Par (000)		Value
Banks (continued)
Mizuho Financial Group Inc.
1.23%, 05/22/27 (Call 05/22/26), (1-year CMT + 0.670%)(d)	$	2,019	$	1,845,034
1.55%, 07/09/27 (Call 07/09/26), (1-year CMT + 0.750%)(d)		1,603		1,470,519
1.98%, 09/08/31 (Call 09/08/30), (3-mo. SOFR + 1.532%)(d)		1,110		898,989
2.17%, 05/22/32 (Call 05/22/31), (1-year CMT + 0.870%)(d)		828		669,155
2.20%, 07/10/31 (Call 07/10/30), (3-mo. SOFR + 1.772%)(d)		1,412		1,167,816
2.23%, 05/25/26 (Call 05/25/25), (3-mo. SOFR + 1.092%)(a)(d)		945		906,367
2.26%, 07/09/32 (Call 07/09/31), (1-year CMT + 0.900%)(a)(d)		631		509,995
2.56%, 09/13/31		975		791,800
2.59%, 05/25/31 (Call 05/25/30), (3-mo. SOFR + 1.332%)(d)		715		608,856
2.65%, 05/22/26 (Call 05/22/25), (1-year CMT + 0.900%)(a)(d)		855		825,342
2.84%, 09/13/26		1,384		1,303,092
2.87%, 09/13/30 (Call 09/13/29), (3-mo. SOFR + 1.572%)(a)(d)		730		642,520
3.15%, 07/16/30 (Call 07/16/29), (3-mo. SOFR + 1.392%)(d)		984		885,183
3.17%, 09/11/27		1,065		997,341
3.26%, 05/22/30 (Call 05/22/29), (1-year CMT + 1.250%)(a)(d)		1,055		955,033
3.48%, 04/12/26(a)(b)		2,195		2,113,256
3.66%, 02/28/27		906		866,527
4.02%, 03/05/28		1,415		1,361,363
4.25%, 09/11/29 (Call 09/11/28), (3-mo. SOFR + 1.532%)(d)		1,390		1,331,663
4.35%, 10/20/25(b)		790		771,087
5.38%, 05/26/30 (Call 05/26/29), (1-year CMT + 1.120%)(d)		590		590,232
5.41%, 09/13/28 (Call 09/13/27), (1-year CMT + 2.050%)(d)		1,290		1,296,407
5.58%, 05/26/35 (Call 05/26/34), (1-year CMT + 1.300%)(d)		1,020		1,022,238
5.67%, 05/27/29 (Call 05/27/28), (1-year CMT + 1.500%)(d)		1,245		1,261,248
5.67%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.400%)(d)		1,082		1,097,582
5.74%, 05/27/31 (Call 05/27/30), (1-year CMT + 1.650%)(a)(d)		910		928,055
5.75%, 05/27/34 (Call 05/27/33), (1-year CMT + 1.800%)(a)(d)		1,145		1,169,116
5.75%, 07/06/34 (Call 07/06/33), (1-year CMT + 1.900%)(d)		1,570		1,601,357
5.78%, 07/06/29 (Call 07/06/28), (1-year CMT + 1.650%)(d)		1,910		1,945,995
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25), (1-day SOFR + 0.720%)(d)		3,325		3,067,776
1.51%, 07/20/27 (Call 07/20/26), (1-day SOFR + 0.858%)(d)		3,800		3,476,378
1.59%, 05/04/27 (Call 05/04/26), (1-day SOFR + 0.879%)(d)		4,440		4,093,281
1.79%, 02/13/32 (Call 02/13/31), (1-day SOFR + 1.034%)(d)		3,749		2,968,345

44 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
1.93%, 04/28/32 (Call 04/28/31), (1-day SOFR + 1.020%)(d)	$	3,054	$	2,421,246
2.19%, 04/28/26 (Call 04/28/25), (1-day SOFR + 1.990%)(d)		3,404		3,275,863
2.24%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.178%)(d)		4,469		3,600,295
2.48%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.000%)(d)		2,990		2,766,035
2.48%, 09/16/36 (Call 09/16/31), (1-day SOFR + 1.360%)(d)		3,190		2,500,341
2.51%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.200%)(d)		3,495		2,861,815
2.70%, 01/22/31 (Call 01/22/30), (1-day SOFR + 1.143%)(d)		4,851		4,202,167
2.80%, 01/25/52 (Call 01/25/51), (1-day SOFR + 1.430%)(d)		2,783		1,789,382
2.94%, 01/21/33 (Call 01/21/32), (1-day SOFR + 1.290%)(d)		3,430		2,876,707
3.13%, 07/27/26		3,784		3,609,437
3.22%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.485%)(d)		2,924		2,198,293
3.59%, 07/22/28 (Call 07/22/27)(d)		4,417		4,181,154
3.62%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.120%)(d)		3,700		3,361,348
3.63%, 01/20/27		3,771		3,635,828
3.77%, 01/24/29 (Call 01/24/28), (3-mo. SOFR + 1.402%)(d)		4,117		3,892,663
3.88%, 01/27/26		4,022		3,922,894
3.95%, 04/23/27		2,635		2,536,401
3.97%, 07/22/38 (Call 07/22/37)(d)		2,886		2,462,187
4.00%, 07/23/25		2,678		2,631,747
4.21%, 04/20/28 (Call 04/20/27), (1-day SOFR + 1.610%)(d)		3,168		3,066,226
4.30%, 01/27/45		3,088		2,676,206
4.35%, 09/08/26		2,963		2,896,208
4.38%, 01/22/47		3,137		2,706,994
4.43%, 01/23/30 (Call 01/23/29), (3-mo. SOFR + 1.890%)(d)		4,045		3,882,720
4.46%, 04/22/39 (Call 04/22/38), (3-mo. SOFR + 1.693%)(d)		1,567		1,407,542
4.68%, 07/17/26 (Call 07/17/25), (1-day SOFR + 1.669%)(a)(d)		2,835		2,804,589
4.89%, 07/20/33 (Call 07/20/32), (1-day SOFR + 2.076%)(d)		2,655		2,550,254
5.00%, 11/24/25		2,090		2,077,927
5.05%, 01/28/27 (Call 01/28/26), (1-day SOFR + 1.295%)(d)		1,910		1,903,340
5.12%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.730%)(d)		3,310		3,288,312
5.16%, 04/20/29 (Call 04/20/28), (1-day SOFR + 1.590%)(d)		3,250		3,231,412
5.17%, 01/16/30 (Call 01/16/29), (1-day SOFR + 1.450%)(d)		3,500		3,478,026
5.25%, 04/21/34 (Call 04/21/33), (1-day SOFR + 1.870%)(d)		4,345		4,264,763
5.30%, 04/20/37 (Call 04/20/32), (1-day SOFR + 2.620%)(d)		2,805		2,687,093
5.42%, 07/21/34 (Call 07/21/33), (1-day SOFR + 1.880%)(d)		2,890		2,872,839
5.45%, 07/20/29 (Call 07/20/28), (1-day SOFR + 1.630%)(d)		1,885		1,892,176

Security	Par (000)		Value
Banks (continued)
5.47%, 01/18/35 (Call 01/18/34), (1-day SOFR + 1.730%)(d)	$	1,605	$	1,603,111
5.60%, 03/24/51 (Call 03/24/50), (1-day SOFR + 4.840%)(a)(d)		2,775		2,881,259
5.94%, 02/07/39 (Call 02/07/34), (5-year CMT + 1.800%)(d)		1,485		1,462,281
5.95%, 01/19/38 (Call 01/19/33), (5-year CMT + 2.430%)(d)		2,670		2,662,960
6.14%, 10/16/26 (Call 10/16/25), (1-day SOFR + 1.770%)(d)		1,930		1,952,788
6.25%, 08/09/26		1,195		1,223,290
6.30%, 10/18/28 (Call 10/18/27), (1-day SOFR + 2.240%)(d)		3,190		3,297,473
6.34%, 10/18/33 (Call 10/18/32), (1-day SOFR + 2.560%)(a)(d)		4,030		4,271,250
6.38%, 07/24/42(a)		2,603		2,895,144
6.41%, 11/01/29 (Call 11/01/28), (1-day SOFR + 1.830%)(d)		2,295		2,395,636
6.63%, 11/01/34 (Call 11/01/33), (1-day SOFR + 2.050%)(d)		2,270		2,459,740
7.25%, 04/01/32(a)		1,388		1,582,713
Morgan Stanley Bank NA
4.75%, 04/21/26 (Call 03/21/26)(a)		2,005		1,992,276
4.95%, 01/14/28 (Call 01/14/27), (1-day SOFR + 1.080%)(d)		2,115		2,104,305
5.48%, 07/16/25 (Call 06/16/25)		1,150		1,154,778
5.88%, 10/30/26 (Call 09/30/26)		2,350		2,393,199
MUFG Bank Ltd., 4.70%, 03/10/44(a)(b)		300		268,735
National Australia Bank Ltd.
1.89%, 01/12/27(a)(b)		1,710		1,569,808
2.33%, 08/21/30(b)		2,300		1,881,642
2.65%, 01/14/41(a)(b)		1,040		672,103
2.99%, 05/21/31(a)(b)		1,207		1,006,224
3.35%, 01/12/37 (Call 01/12/32), (5-year CMT + 1.700%)(b)(d)		1,997		1,666,121
3.50%, 01/10/27(b)		1,110		1,066,082
3.93%, 08/02/34 (Call 08/02/29), (5-year CMT + 1.880%)(b)(d)		1,841		1,671,239
4.75%, 12/10/25		525		522,500
4.79%, 01/10/29		810		804,799
4.95%, 01/10/34(a)(b)		855		844,015
6.43%, 01/12/33(a)(b)		1,705		1,771,343
National Australia Bank Ltd./New York
2.50%, 07/12/26		1,668		1,573,316
3.38%, 01/14/26		1,002		971,901
3.50%, 06/09/25		560		549,043
3.91%, 06/09/27		950		920,806
4.90%, 06/13/28(a)		1,500		1,496,053
4.94%, 01/12/28		1,535		1,534,248
4.97%, 01/12/26		1,493		1,490,351
5.20%, 05/13/25		640		640,674
National Bank of Canada, 5.60%, 12/18/28		690		696,989
National Securities Clearing Corp.
0.75%, 12/07/25 (Call 11/07/25)(a)(b)		755		700,591
1.50%, 04/23/25 (Call 03/23/25)(b)		1,987		1,907,934
5.00%, 05/30/28 (Call 04/30/28)(b)		785		790,643
5.10%, 11/21/27 (Call 10/21/27)(b)		940		946,407
NatWest Group PLC
1.64%, 06/14/27 (Call 06/14/26), (1-year CMT + 0.900%)(d)		1,860		1,699,711

S C H E D U L E  O F  I N V E S T M E N T S 45

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.03%, 11/28/35 (Call 08/28/30), (5-year CMT + 2.350%)(d)	$	1,300	$	1,071,056
3.07%, 05/22/28 (Call 05/22/27), (1-year CMT + 2.550%)(d)		1,222		1,133,880
4.45%, 05/08/30 (Call 05/08/29), (3-mo. LIBOR US + 1.871%)(d)		1,865		1,765,650
4.80%, 04/05/26(a)		1,703		1,681,950
4.89%, 05/18/29 (Call 05/18/28), (3-mo. LIBOR US + 1.754%)(d)		2,303		2,243,751
5.08%, 01/27/30 (Call 01/27/29), (3-mo. LIBOR US + 1.905%)(d)		2,441		2,384,486
5.52%, 09/30/28 (Call 09/30/27), (1-year CMT + 2.270%)(d)		570		570,119
5.58%, 03/01/28 (Call 03/01/27), (1-year CMT + 1.100%)(a)(d)		600		600,519
5.78%, 03/01/35 (Call 03/01/34), (1-year CMT + 1.500%)(d)		600		598,807
5.81%, 09/13/29 (Call 09/13/28), (1-year CMT + 1.950%)(d)		1,455		1,469,795
5.85%, 03/02/27 (Call 03/02/26), (1-year CMT + 1.350%)(a)(d)		1,435		1,440,894
6.02%, 03/02/34 (Call 03/02/33), (1-year CMT + 2.100%)(d)		1,045		1,065,476
7.47%, 11/10/26 (Call 11/10/25), (1-year CMT + 2.850%)(d)		1,896		1,947,969
NatWest Markets PLC
1.60%, 09/29/26(b)		1,480		1,347,954
3.48%, 03/22/25(b)		960		939,703
NBK SPC Ltd., 1.63%, 09/15/27 (Call 09/15/26), (1-day SOFR + 1.050%)(b)(d)		215		195,338
NBK Tier 1 Financing 2 Ltd., 4.50%, (Call 08/27/25)(b)(d)(e)		554		529,689
NBK Tier 1 Ltd., 3.63%, (Call 08/24/26)(b)(d)(e)		185		168,174
NongHyup Bank
1.25%, 07/28/26(b)		75		68,102
4.25%, 07/06/27(b)		50		48,417
Nordea Bank Abp
0.75%, 08/28/25(a)(b)		1,312		1,227,142
1.50%, 09/30/26(b)		2,290		2,076,607
3.60%, 06/06/25(b)		888		869,774
4.63%, 09/13/33 (Call 09/13/28), (5-year USD Swap + 1.690%)(a)(b)(d)		792		743,933
4.75%, 09/22/25(b)		690		685,179
5.38%, 09/22/27(b)		1,280		1,284,479
Norinchukin Bank (The)
1.28%, 09/22/26(a)(b)		1,730		1,564,854
2.08%, 09/22/31(a)(b)		1,155		934,296
4.87%, 09/14/27(a)(b)		1,275		1,258,557
5.07%, 09/14/32(a)(b)		417		412,340
5.43%, 03/09/28(a)(b)		1,106		1,117,847
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)		1,396		1,179,320
3.15%, 05/03/29 (Call 02/03/29)		854		791,017
3.38%, 05/08/32 (Call 05/08/27), (3-mo. LIBOR US + 1.131%)(a)(d)		598		554,924
3.65%, 08/03/28 (Call 05/03/28)(a)		449		429,633
3.95%, 10/30/25		1,015		995,163
4.00%, 05/10/27 (Call 04/10/27)		1,624		1,577,856
6.13%, 11/02/32 (Call 08/02/32)(a)		1,345		1,416,076

Security	Par (000)		Value
Banks (continued)
Oversea-Chinese Banking Corp. Ltd.,
1.83%, 09/10/30 (Call 09/10/25),
(5-year CMT + 1.580%)(b)(d)	$	1,225	$	1,154,159
PNC Bank NA
2.70%, 10/22/29		1,175		1,013,391
3.10%, 10/25/27 (Call 09/25/27)		1,611		1,497,659
3.25%, 06/01/25 (Call 05/02/25)		1,195		1,163,064
3.25%, 01/22/28 (Call 12/23/27)		985		915,763
3.88%, 04/10/25 (Call 03/10/25)		840		824,044
4.05%, 07/26/28		1,930		1,825,519
4.20%, 11/01/25 (Call 10/02/25)		625		610,841
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		892		810,153
2.31%, 04/23/32 (Call 04/23/31), (1-day SOFR + 0.979%)(d)		1,300		1,060,654
2.55%, 01/22/30 (Call 10/24/29)(a)		2,604		2,236,921
2.60%, 07/23/26 (Call 05/23/26)		1,288		1,211,130
3.15%, 05/19/27 (Call 04/19/27)		1,169		1,101,115
3.45%, 04/23/29 (Call 01/23/29)		1,935		1,786,925
4.63%, 06/06/33 (Call 06/06/32), (1-day SOFR + 1.850%)(a)(d)		1,054		976,733
4.76%, 01/26/27 (Call 01/26/26), (1-day SOFR + 1.085%)(a)(d)		1,685		1,664,731
5.07%, 01/24/34 (Call 01/24/33), (1-day SOFR + 1.933%)(a)(d)		2,170		2,086,664
5.30%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.342%)(a)(d)		740		739,077
5.35%, 12/02/28 (Call 12/02/27), (1-day SOFR + 1.620%)(d)		1,550		1,550,661
5.58%, 06/12/29 (Call 06/12/28), (1-day SOFR + 1.841%)(a)(d)		2,051		2,062,310
5.68%, 01/22/35 (Call 01/22/34), (1-day SOFR + 1.902%)(d)		640		641,845
5.81%, 06/12/26 (Call 06/12/25), (1-day SOFR + 1.322%)(d)		1,061		1,062,541
5.94%, 08/18/34 (Call 08/18/33), (1-day SOFR + 1.946%)(d)		1,055		1,074,809
6.04%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.140%)(d)		2,290		2,350,061
6.62%, 10/20/27 (Call 10/20/26), (1-day SOFR + 1.730%)(d)		1,425		1,463,813
6.88%, 10/20/34 (Call 10/20/33), (1-day SOFR + 2.284%)(d)		1,735		1,879,505
Regions Bank/Birmingham AL, 6.45%, 06/26/37		895		908,281
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		853		725,733
2.25%, 05/18/25 (Call 04/18/25)		805		770,836
7.38%, 12/10/37(a)		364		408,020
Rheinland-Pfalz Bank, 6.88%, 02/23/28(b)(c)		50		53,035
Royal Bank of Canada
0.88%, 01/20/26		936		866,555
1.15%, 06/10/25		2,172		2,062,603
1.15%, 07/14/26		1,812		1,656,419
1.20%, 04/27/26(a)		2,227		2,049,819
1.40%, 11/02/26		1,075		977,537
2.05%, 01/21/27		730		674,127
2.30%, 11/03/31		1,960		1,604,657
3.38%, 04/14/25		1,235		1,209,724
3.63%, 05/04/27		1,746		1,674,121
3.88%, 05/04/32		1,398		1,276,282

46 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.24%, 08/03/27	$	1,142	$	1,113,031
4.65%, 01/27/26		1,927		1,909,354
4.88%, 01/12/26		1,285		1,280,890
4.88%, 01/19/27		725		721,664
4.90%, 01/12/28		1,244		1,241,176
4.95%, 04/25/25		910		907,309
4.95%, 02/01/29(a)		885		878,595
5.00%, 02/01/33		2,190		2,153,655
5.00%, 05/02/33(a)		1,045		1,028,481
5.15%, 02/01/34		950		935,481
5.20%, 07/20/26		1,390		1,394,869
5.20%, 08/01/28		1,300		1,308,310
6.00%, 11/01/27		1,620		1,668,060
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27), (1-day SOFR + 1.249%)(d)		1,550		1,401,678
3.24%, 10/05/26 (Call 08/05/26)		1,285		1,203,537
3.45%, 06/02/25 (Call 05/02/25)		1,068		1,035,493
4.40%, 07/13/27 (Call 04/14/27)		1,412		1,353,688
4.50%, 07/17/25 (Call 04/17/25)		1,238		1,213,911
5.81%, 09/09/26 (Call 09/09/25), (1-day SOFR + 2.328%)(d)		1,090		1,088,572
6.17%, 01/09/30 (Call 01/09/29), (1-day SOFR + 2.500%)(d)		750		748,045
6.50%, 03/09/29 (Call 03/09/28), (1-day SOFR + 2.356%)(d)		1,210		1,228,492
6.57%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.700%)(d)		764		777,356
7.66%, 11/09/31 (Call 11/09/30), (1-day SOFR + 3.280%)(d)		845		902,887
Santander U.K. Group Holdings PLC
1.53%, 08/21/26 (Call 08/21/25), (1-year CMT + 1.250%)(d)		1,252		1,173,574
1.67%, 06/14/27 (Call 06/14/26), (1-day SOFR + 0.989%)(d)		1,265		1,149,913
2.47%, 01/11/28 (Call 01/11/27), (1-day SOFR + 1.220%)(d)		1,295		1,178,956
2.90%, 03/15/32 (Call 03/15/31), (1-day SOFR + 1.475%)(d)		775		652,976
3.82%, 11/03/28 (Call 11/03/27), (3-mo. LIBOR US + 1.400%)(d)		1,385		1,292,772
6.53%, 01/10/29 (Call 01/10/28), (1-day SOFR + 2.600%)(d)		1,394		1,429,427
6.83%, 11/21/26 (Call 11/21/25), (1-day SOFR + 2.749%)(a)(d)		1,610		1,634,550
Shinhan Bank Co. Ltd.
1.38%, 10/21/26(b)		50		45,230
3.75%, 09/20/27(b)		200		187,894
4.00%, 04/23/29(b)		577		533,103
4.38%, 04/13/32(b)		590		538,062
Shinhan Financial Group Co. Ltd.
1.35%, 01/10/26(b)		200		185,551
2.88%, (Call 05/12/26), (5-year CMT + 2.064%)(b)(d)(e)		366		341,383
5.00%, 07/24/28		70		69,275
Skandinaviska Enskilda Banken AB
0.85%, 09/02/25(b)		540		505,365
1.20%, 09/09/26(b)		285		257,740
1.40%, 11/19/25(b)		195		182,892
5.13%, 03/05/27(b)		800		799,244
5.38%, 03/05/29(b)		800		797,150

Security	Par (000)		Value
Banks (continued)
Societe Generale SA
1.38%, 07/08/25(b)	$	200	$	189,472
1.49%, 12/14/26 (Call 12/14/25), (1-year CMT + 1.100%)(b)(d)		2,755		2,540,890
1.79%, 06/09/27 (Call 06/09/26), (1-year CMT + 1.000%)(b)(d)		1,594		1,451,869
2.80%, 01/19/28 (Call 01/19/27), (1-year CMT + 1.300%)(a)(b)(d)		2,460		2,257,296
2.89%, 06/09/32 (Call 06/09/31), (1-year CMT + 1.300%)(b)(d)		1,950		1,580,755
3.00%, 01/22/30(b)		1,323		1,142,307
3.34%, 01/21/33 (Call 01/21/32), (1-year CMT + 1.600%)(b)(d)		890		734,917
3.63%, 03/01/41(a)(b)		1,485		994,366
3.65%, 07/08/35 (Call 07/08/30), (5-year CMT + 3.000%)(b)(d)		846		710,236
4.00%, 01/12/27(b)		1,395		1,335,238
4.03%, 01/21/43 (Call 01/21/42), (1-year CMT + 1.900%)(a)(b)(d)		1,180		821,459
4.25%, 04/14/25(b)		1,675		1,638,726
4.25%, 08/19/26(b)		1,152		1,100,128
4.35%, 06/13/25(b)		315		310,915
4.68%, 06/15/27(b)		510		501,941
4.75%, 11/24/25(b)		720		705,041
4.75%, 09/14/28(a)(b)		731		709,804
5.52%, 01/19/28 (Call 01/19/27), (1-year CMT + 1.500%)(b)(d)		1,065		1,053,185
5.63%, 01/19/30 (Call 01/19/29), (1-year CMT + 1.750%)(a)(b)(d)		1,025		1,010,079
5.63%, 11/24/45(a)(b)		380		326,601
6.07%, 01/19/35 (Call 01/19/34), (1-year CMT + 2.100%)(a)(b)(d)		1,065		1,049,378
6.22%, 06/15/33 (Call 06/15/32), (1-year CMT + 3.200%)(a)(b)(d)		1,497		1,467,611
6.45%, 01/12/27 (Call 01/12/26), (1-year CMT + 2.300%)(b)(d)		1,525		1,537,720
6.45%, 01/10/29 (Call 01/10/28), (1-year CMT + 2.550%)(a)(b)(d)		1,450		1,481,136
6.69%, 01/10/34 (Call 01/10/33), (1-year CMT + 2.950%)(b)(d)		1,975		2,040,258
7.13%, 01/19/55 (Call 01/19/54), (1-year CMT + 2.950%)(b)(d)		520		504,688
7.37%, 01/10/53(a)(b)		1,295		1,325,425
Standard Chartered Bank, 8.00%, 05/30/31(a)(b)		1,550		1,673,170
Standard Chartered PLC
1.46%, 01/14/27 (Call 01/14/26), (1-year CMT + 1.000%)(b)(d)		1,310		1,204,058
2.61%, 01/12/28 (Call 01/12/27), (1-year CMT + 1.180%)(b)(d)		2,015		1,844,835
2.68%, 06/29/32 (Call 06/29/31), (1-year CMT + 1.200%)(b)(d)		1,030		834,856
3.20%, 04/17/25(a)(b)		940		914,282
3.27%, 02/18/36 (Call 11/18/30), (5-year CMT + 2.300%)(b)(d)		1,981		1,641,235
3.60%, 01/12/33 (Call 01/12/32), (1-year CMT + 1.900%)(a)(b)(d)		965		810,836
3.97%, 03/30/26 (Call 03/30/25), (1-year CMT + 1.650%)(b)(d)		1,455		1,421,632
4.05%, 04/12/26(b)		1,262		1,223,698
4.30%, 02/19/27(a)(b)		1,255		1,204,459

S C H E D U L E  O F  I N V E S T M E N T S 47

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.31%, 05/21/30 (Call 05/21/29), (3-mo. LIBOR US + 1.910%)(a)(b)(d)	$	760	$	707,555
4.64%, 04/01/31 (Call 04/01/30), (1-year CMT + 3.850%)(a)(b)(d)		2,065		1,957,497
4.87%, 03/15/33 (Call 03/15/28), (5-year USD ICE Swap + 1.970%)(a)(b)(d)		985		928,510
5.30%, 01/09/43(a)(b)		765		689,691
5.70%, 03/26/44(a)(b)		1,526		1,491,702
6.10%, 01/11/35 (Call 01/11/34), (1-year CMT + 2.100%)(a)(b)(d)		1,245		1,254,661
6.17%, 01/09/27 (Call 01/09/26), (1-year CMT + 2.050%)(a)(b)(d)		1,230		1,240,799
6.19%, 07/06/27 (Call 07/06/26), (1-year CMT + 1.850%)(a)(b)(d)		1,665		1,681,456
6.30%, 01/09/29 (Call 01/09/28), (1-year CMT + 2.450%)(a)(b)(d)		1,815		1,854,989
6.30%, 07/06/34 (Call 07/06/33), (1-year CMT + 2.580%)(a)(b)(d)		1,325		1,364,989
7.02%, 02/08/30 (Call 02/08/29), (1-year CMT + 2.200%)(b)(d)		400		420,527
7.77%, 11/16/28 (Call 11/16/27), (1-year CMT + 3.450%)(b)(d)		1,390		1,480,282
State Street Corp.
1.68%, 11/18/27 (Call 11/18/26), (1-day SOFR + 0.560%)(d)		638		584,166
2.20%, 02/07/28 (Call 02/07/27), (1-day SOFR + 0.730%)(d)		1,070		986,367
2.20%, 03/03/31		1,507		1,247,561
2.40%, 01/24/30(a)		1,227		1,072,623
2.62%, 02/07/33 (Call 02/07/32), (1-day SOFR + 1.002%)(d)		438		363,623
2.65%, 05/19/26(a)		1,020		969,585
2.90%, 03/30/26 (Call 03/30/25), (1-day SOFR + 2.600%)(d)		506		492,527
3.03%, 11/01/34 (Call 11/01/29), (1-day SOFR + 1.490%)(d)		820		723,456
3.15%, 03/30/31 (Call 03/30/30), (1-day SOFR + 2.650%)(d)		485		431,339
3.55%, 08/18/25		912		893,643
4.14%, 12/03/29 (Call 12/03/28), (3-mo. SOFR + 1.292%)(a)(d)		721		691,368
4.16%, 08/04/33 (Call 08/04/32), (1-day SOFR + 1.726%)(d)		915		845,640
4.42%, 05/13/33 (Call 05/13/32), (1-day SOFR + 1.605%)(d)		700		660,917
4.82%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.567%)(d)		1,215		1,171,812
5.10%, 05/18/26 (Call 05/18/25), (1-day SOFR + 1.130%)(d)		1,160		1,155,543
5.16%, 05/18/34 (Call 05/18/33), (1-day SOFR + 1.890%)(a)(d)		760		750,912
5.27%, 08/03/26 (Call 07/03/26)(a)		1,560		1,565,689
5.68%, 11/21/29 (Call 11/21/28), (1-day SOFR + 1.484%)(d)		1,200		1,226,001
5.75%, 11/04/26 (Call 11/04/25), (1-day SOFR + 1.353%)(d)		729		732,471
5.82%, 11/04/28 (Call 11/04/27), (1-day SOFR + 1.715%)(a)(d)		650		665,583
6.12%, 11/21/34 (Call 11/21/33), (1-day SOFR + 1.958%)(d)		950		981,963

Security	Par (000)		Value
Banks (continued)
Sumitomo Mitsui Financial Group Inc.
0.95%, 01/12/26	$	1,773	$	1,638,562
1.40%, 09/17/26		2,705		2,464,633
1.47%, 07/08/25		2,350		2,233,334
1.71%, 01/12/31		885		702,762
1.90%, 09/17/28		3,080		2,680,269
2.13%, 07/08/30		1,925		1,602,599
2.14%, 09/23/30		1,239		1,018,237
2.17%, 01/14/27		905		835,940
2.22%, 09/17/31		1,113		903,229
2.30%, 01/12/41(a)		560		377,062
2.47%, 01/14/29		997		885,643
2.63%, 07/14/26(a)		1,771		1,673,238
2.72%, 09/27/29		875		769,093
2.75%, 01/15/30(a)		1,950		1,705,187
2.93%, 09/17/41(a)		475		353,132
3.01%, 10/19/26		1,052		996,414
3.04%, 07/16/29		3,055		2,748,104
3.05%, 01/14/42		405		306,788
3.20%, 09/17/29(a)		676		608,759
3.35%, 10/18/27		1,055		996,031
3.36%, 07/12/27(a)		1,628		1,545,638
3.45%, 01/11/27(a)		1,789		1,713,122
3.54%, 01/17/28		1,391		1,317,253
3.78%, 03/09/26		2,770		2,695,345
3.94%, 07/19/28(a)		939		899,784
4.31%, 10/16/28(a)		854		836,663
5.46%, 01/13/26		1,525		1,530,572
5.52%, 01/13/28		2,350		2,387,661
5.71%, 01/13/30(a)		1,570		1,610,056
5.72%, 09/14/28(a)		1,275		1,303,183
5.77%, 01/13/33		2,310		2,385,424
5.78%, 07/13/33		840		869,822
5.80%, 07/13/28		905		930,260
5.81%, 09/14/33(a)		1,235		1,279,630
5.85%, 07/13/30		780		803,309
5.88%, 07/13/26		745		755,862
6.18%, 07/13/43(a)		1,355		1,484,840
Sumitomo Mitsui Trust Bank Ltd.
1.05%, 09/12/25(a)(b)		539		505,414
1.35%, 09/16/26(b)		1,083		981,453
1.55%, 03/25/26(b)		1,425		1,321,922
2.55%, 03/10/25(a)(b)		425		412,831
2.80%, 03/10/27(a)(b)		940		878,340
4.80%, 09/15/25(a)(b)		400		396,628
4.95%, 09/15/27(b)		475		471,244
5.20%, 03/07/27(b)		600		599,167
5.20%, 03/07/29		515		516,152
5.35%, 03/07/34		600		604,082
5.50%, 03/09/28(a)(b)		865		875,218
5.55%, 09/14/28(b)		890		906,158
5.65%, 03/09/26(a)(b)		1,255		1,263,426
5.65%, 09/14/26(b)		820		826,739
Svenska Handelsbanken AB
1.42%, 06/11/27 (Call 06/11/26), (1-year CMT + 0.630%)(a)(b)(d)		1,575		1,429,878
3.65%, 06/10/25(b)		725		710,701
3.95%, 06/10/27(b)		1,340		1,294,579
5.25%, 06/15/26(b)		60		59,913
5.50%, 06/15/28(a)(b)		895		899,770

48 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Swedbank AB
1.54%, 11/16/26(a)(b)	$	1,400	$	1,272,392
3.36%, 04/04/25(a)(b)		895		875,910
5.34%, 09/20/27(b)		1,225		1,222,046
5.47%, 06/15/26(a)(b)		925		929,468
6.14%, 09/12/26(b)		700		708,615
Synchrony Bank
5.40%, 08/22/25 (Call 07/22/25)		1,110		1,096,955
5.63%, 08/23/27 (Call 07/23/27)		979		952,497
Synovus Bank, 5.63%, 02/15/28 (Call 01/15/28)		645		623,040
Synovus Financial Corp., 5.20%, 08/11/25 (Call 07/11/25)		375		368,702
Toronto-Dominion Bank (The)
0.75%, 09/11/25		1,036		970,509
0.75%, 01/06/26		1,600		1,479,551
1.15%, 06/12/25		930		882,728
1.20%, 06/03/26		1,960		1,798,296
1.25%, 09/10/26		2,185		1,989,829
1.95%, 01/12/27		1,300		1,196,440
2.00%, 09/10/31(a)		1,090		888,701
2.45%, 01/12/32		775		642,962
2.80%, 03/10/27		1,805		1,692,986
3.20%, 03/10/32		2,021		1,762,385
3.63%, 09/15/31 (Call 09/15/26), (5-year USD Swap + 2.205%)(d)		2,012		1,923,250
3.77%, 06/06/25		1,955		1,919,962
4.11%, 06/08/27		2,390		2,322,339
4.46%, 06/08/32(a)		2,590		2,469,559
4.69%, 09/15/27		2,385		2,357,943
5.10%, 01/09/26		823		824,151
5.16%, 01/10/28(a)		1,850		1,856,335
5.26%, 12/11/26		1,175		1,182,486
5.52%, 07/17/28(a)		1,925		1,957,314
5.53%, 07/17/26		2,380		2,400,746
8.13%, 10/31/82 (Call 10/31/27), (5-year CMT + 4.075%)(d)		108		112,402
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)		1,815		1,743,834
2.25%, 03/11/30 (Call 12/11/29)		1,648		1,354,471
3.30%, 05/15/26 (Call 04/15/26)(a)		1,429		1,363,153
3.63%, 09/16/25 (Call 08/16/25)		1,644		1,595,555
3.80%, 10/30/26 (Call 09/30/26)		1,480		1,418,653
4.05%, 11/03/25 (Call 09/03/25)		850		831,241
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		1,040		905,821
1.20%, 08/05/25 (Call 07/03/25)		647		608,496
1.27%, 03/02/27 (Call 03/02/26), (1-day SOFR + 0.609%)(d)		2,023		1,856,985
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)(d)		1,486		1,278,114
1.95%, 06/05/30 (Call 03/05/30)		1,140		933,239
3.70%, 06/05/25 (Call 05/05/25)(a)		820		802,482
3.88%, 03/19/29 (Call 02/16/29)(a)		71		65,317
4.00%, 05/01/25 (Call 03/01/25)		1,172		1,150,961
4.12%, 06/06/28 (Call 06/06/27), (1-day SOFR + 1.368%)(a)(d)		1,285		1,237,201
4.26%, 07/28/26 (Call 07/28/25), (1-day SOFR + 1.456%)(a)(d)		1,347		1,319,568
4.87%, 01/26/29 (Call 01/26/28), (1-day SOFR + 1.435%)(a)(d)		1,875		1,828,709

Security	Par (000)		Value
Banks (continued)
4.92%, 07/28/33 (Call 07/28/32), (1-day SOFR + 2.240%)(a)(d)	$	1,580	$	1,453,137
5.12%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.852%)(d)		2,065		1,958,793
5.44%, 01/24/30 (Call 01/24/29), (1-day SOFR + 1.620%)(d)		910		900,048
5.71%, 01/24/35 (Call 01/24/34), (1-day SOFR + 1.922%)(a)(d)		1,305		1,291,987
5.87%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.361%)(d)		1,600		1,599,837
5.90%, 10/28/26 (Call 10/28/25), (1-day SOFR + 1.626%)(d)		1,160		1,164,966
6.05%, 06/08/27 (Call 06/08/26), (1-day SOFR + 2.050%)(d)		1,225		1,237,374
6.12%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.300%)(d)		1,010		1,027,783
7.16%, 10/30/29 (Call 10/30/28), (1-day SOFR + 2.446%)(d)		1,840		1,947,407
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		1,984		1,571,191
1.45%, 05/12/25 (Call 04/11/25)		1,754		1,678,324
2.22%, 01/27/28 (Call 01/27/27), (1-day SOFR + 0.730%)(d)		1,835		1,681,248
2.49%, 11/03/36 (Call 11/03/31), (5-year CMT + 0.950%)(d)		2,040		1,576,403
2.68%, 01/27/33 (Call 01/27/32), (1-day SOFR + 1.020%)(d)		1,587		1,297,811
3.00%, 07/30/29 (Call 04/30/29)		1,602		1,420,676
3.10%, 04/27/26 (Call 03/27/26)(a)		1,616		1,543,542
3.90%, 04/26/28 (Call 03/24/28)		1,298		1,243,241
3.95%, 11/17/25 (Call 10/17/25)(a)		1,227		1,200,759
4.55%, 07/22/28 (Call 07/22/27), (1-day SOFR + 1.660%)(d)		2,004		1,956,558
4.65%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.230%)(d)		2,090		2,032,978
4.84%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.600%)(d)		2,915		2,743,321
4.97%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.110%)(d)		2,000		1,869,202
5.38%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.560%)(d)		1,125		1,118,682
5.68%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.860%)(a)(d)		750		748,256
5.73%, 10/21/26 (Call 10/21/25), (1-day SOFR + 1.430%)(d)		1,632		1,639,211
5.78%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.020%)(d)		1,195		1,207,471
5.84%, 06/12/34 (Call 06/10/33), (1-day SOFR + 2.260%)(d)		1,460		1,474,248
5.85%, 10/21/33 (Call 10/21/32), (1-day SOFR + 2.090%)(a)(d)		2,260		2,287,797
6.79%, 10/26/27 (Call 10/26/26), (1-day SOFR + 1.880%)(d)		675		697,409
Series V, 2.38%, 07/22/26 (Call 06/22/26)(a)		1,709		1,601,841
Series X, 3.15%, 04/27/27 (Call 03/27/27)(a)		1,868		1,763,639
UBS AG/London
1.25%, 06/01/26		1,520		1,393,629
4.50%, 06/26/48(a)		1,335		1,222,740
5.65%, 09/11/28		1,710		1,742,484
5.80%, 09/11/25		800		805,733
UBS AG/Stamford CT, 7.50%, 07/15/25		555		566,513

S C H E D U L E  O F  I N V E S T M E N T S 49

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
UBS Group AG
1.31%, 02/02/27 (Call 02/02/26), (1-day SOFR + 0.980%)(a)(b)(d)	$	2,535	$	2,330,636
1.36%, 01/30/27 (Call 01/30/26), (1-year CMT + 1.080%)(b)(d)		1,780		1,639,869
1.49%, 08/10/27 (Call 08/10/26), (1-year CMT + 0.850%)(b)(d)		2,655		2,405,330
2.10%, 02/11/32 (Call 02/11/31), (1-year CMT + 1.000%)(b)(d)		2,722		2,149,153
2.19%, 06/05/26 (Call 06/05/25), (1-day SOFR + 2.044%)(b)(d)		2,297		2,197,822
2.75%, 02/11/33 (Call 02/11/32), (1-year CMT + 1.100%)(b)(d)		2,120		1,707,658
3.09%, 05/14/32 (Call 05/14/31), (1-day SOFR + 1.730%)(b)(d)		4,183		3,515,134
3.13%, 08/13/30 (Call 08/13/29), (3-mo. LIBOR US + 1.468%)(b)(d)		2,095		1,851,900
3.18%, 02/11/43 (Call 02/11/42), (1-year CMT + 1.100%)(a)(b)(d)		1,900		1,367,946
3.75%, 03/26/25		1,635		1,601,297
3.87%, 01/12/29 (Call 01/12/28), (3-mo. LIBOR US + 1.410%)(b)(d)		2,872		2,701,110
4.13%, 09/24/25(b)		2,534		2,478,647
4.13%, 04/15/26(b)		2,855		2,772,031
4.19%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.730%)(b)(d)		3,876		3,564,760
4.25%, 03/23/28 (Call 03/23/27)(b)		2,580		2,469,532
4.28%, 01/09/28 (Call 01/09/27)(b)		2,712		2,602,613
4.49%, 05/12/26 (Call 05/12/25), (1-year CMT + 1.550%)(b)(d)		1,730		1,701,839
4.55%, 04/17/26		2,465		2,421,954
4.70%, 08/05/27 (Call 08/05/26), (1-year CMT + 2.050%)(b)(d)		1,880		1,842,756
4.75%, 05/12/28 (Call 05/12/27), (1-year CMT + 1.750%)(b)(d)		1,815		1,770,223
4.88%, 05/15/45		2,433		2,235,669
4.99%, 08/05/33 (Call 08/05/32), (1-year CMT + 2.400%)(b)(d)		1,935		1,844,553
5.43%, 02/08/30 (Call 02/08/29), (1-year CMT + 1.520%)(b)(d)		2,020		2,006,494
5.70%, 02/08/35 (Call 02/08/34), (1-year CMT + 1.770%)(b)(d)		2,000		1,978,166
5.71%, 01/12/27 (Call 01/12/26), (1-year CMT + 1.550%)(a)(b)(d)		2,380		2,379,243
5.96%, 01/12/34 (Call 01/12/33), (1-year CMT + 2.200%)(a)(b)(d)		2,910		2,949,443
6.25%, 09/22/29 (Call 09/22/28), (1-year CMT + 1.800%)(b)(d)		1,795		1,843,761
6.30%, 09/22/34 (Call 09/22/33), (1-year CMT + 2.000%)(b)(d)		2,390		2,470,745
6.33%, 12/22/27 (Call 12/22/26), (1-year CMT + 1.600%)(b)(d)		1,740		1,775,000
6.37%, 07/15/26 (Call 07/15/25), (1-day SOFR + 3.340%)(b)(d)		2,095		2,109,374
6.44%, 08/11/28 (Call 08/11/27), (1-day SOFR + 3.700%)(b)(d)		2,445		2,512,879
6.54%, 08/12/33 (Call 08/12/32), (1-day SOFR + 3.920%)(b)(d)		3,845		4,009,782
9.02%, 11/15/33 (Call 11/15/32), (1-day SOFR + 5.020%)(b)(d)		2,510		3,020,070

Security	Par (000)		Value
Banks (continued)
UniCredit SpA
1.98%, 06/03/27 (Call 06/03/26), (1-year CMT + 1.200%)(b)(d)	$	1,465	$	1,344,461
2.57%, 09/22/26 (Call 09/22/25), (1-year CMT + 2.300%)(a)(b)(d)		954		903,590
3.13%, 06/03/32 (Call 06/03/31), (1-year CMT + 1.550%)(a)(b)(d)		1,382		1,155,608
United Overseas Bank Ltd.
1.25%, 04/14/26(b)		70		64,629
3.86%, 10/07/32 (Call 10/07/27), (5-year CMT + 1.450%)(b)(d)		1,462		1,387,313
Wachovia Corp.
5.50%, 08/01/35		1,365		1,338,528
6.61%, 10/01/25(a)		185		187,868
7.50%, 04/15/35		701		801,402
7.57%, 08/01/26(a)(c)		715		750,118
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)(a)		453		412,455
Wells Fargo & Co.
2.19%, 04/30/26 (Call 04/30/25), (1-day SOFR + 2.000%)(d)		3,538		3,394,823
2.39%, 06/02/28 (Call 06/02/27), (1-day SOFR + 2.100%)(d)		4,040		3,684,808
2.57%, 02/11/31 (Call 02/11/30), (3-mo. SOFR + 1.262%)(d)		4,466		3,807,605
2.88%, 10/30/30 (Call 10/30/29), (3-mo. SOFR + 1.432%)(d)		5,415		4,748,829
3.00%, 04/22/26		4,220		4,025,913
3.00%, 10/23/26		4,582		4,331,824
3.07%, 04/30/41 (Call 04/30/40), (1-day SOFR + 2.530%)(d)		4,679		3,455,332
3.20%, 06/17/27 (Call 06/17/26), (3-mo. SOFR + 1.432%)(d)		3,045		2,899,146
3.35%, 03/02/33 (Call 03/02/32), (1-day SOFR + 1.500%)(d)		5,081		4,361,103
3.53%, 03/24/28 (Call 03/24/27), (1-day SOFR + 1.510%)(d)		5,465		5,181,485
3.55%, 09/29/25(a)		3,239		3,155,346
3.58%, 05/22/28 (Call 05/22/27), (3-mo. SOFR + 1.572%)(d)		3,710		3,516,939
3.90%, 05/01/45		2,820		2,256,946
3.91%, 04/25/26 (Call 04/25/25), (1-day SOFR + 1.320%)(d)		3,760		3,686,762
4.10%, 06/03/26		3,091		3,010,509
4.15%, 01/24/29 (Call 10/24/28)		3,547		3,395,248
4.30%, 07/22/27		3,468		3,366,544
4.40%, 06/14/46		2,706		2,228,741
4.48%, 04/04/31 (Call 04/04/30), (3-mo. SOFR + 4.032%)(d)		2,745		2,610,188
4.54%, 08/15/26 (Call 08/15/25), (1-day SOFR + 1.560%)(a)(d)		2,307		2,275,124
4.61%, 04/25/53 (Call 04/25/52), (1-day SOFR + 2.130%)(a)(d)		4,360		3,801,061
4.65%, 11/04/44		2,298		1,984,347
4.75%, 12/07/46(a)		2,565		2,217,434
4.81%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.980%)(a)(d)		4,345		4,267,103
4.90%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.100%)(d)		5,451		5,211,967
4.90%, 11/17/45		2,585		2,291,526

50 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.01%, 04/04/51 (Call 04/04/50), (3-mo. SOFR + 4.502%)(d)	$	7,059	$	6,527,415
5.20%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.500%)(d)		2,815		2,790,821
5.38%, 02/07/35(a)		770		777,651
5.38%, 11/02/43		2,529		2,417,950
5.39%, 04/24/34 (Call 04/24/33), (1-day SOFR + 2.020%)(a)(d)		4,480		4,406,256
5.50%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.780%)(a)(d)		2,195		2,180,502
5.56%, 07/25/34 (Call 07/25/33), (1-day SOFR + 1.990%)(d)		5,425		5,404,039
5.57%, 07/25/29 (Call 07/25/28), (1-day SOFR + 1.740%)(d)		5,025		5,057,907
5.61%, 01/15/44		3,341		3,241,339
5.95%, 12/01/86 (Call 12/15/36)		376		383,047
6.30%, 10/23/29 (Call 10/23/28), (1-day SOFR + 1.790%)(d)		3,140		3,254,555
6.49%, 10/23/34 (Call 10/23/33), (1-day SOFR + 2.060%)(d)		4,050		4,307,213
Series B, 7.95%, 11/15/29		320		356,833
Wells Fargo Bank NA
4.81%, 01/15/26 (Call 12/15/25)		1,500		1,492,437
5.25%, 12/11/26 (Call 11/09/26)		3,650		3,663,353
5.45%, 08/07/26 (Call 07/07/26)		2,920		2,945,013
5.55%, 08/01/25 (Call 07/01/25)		2,000		2,008,182
5.85%, 02/01/37		1,520		1,554,525
5.95%, 08/26/36(a)		895		915,826
6.60%, 01/15/38		1,760		1,896,541
Westpac Banking Corp.
1.15%, 06/03/26		1,707		1,568,856
1.95%, 11/20/28		2,162		1,897,440
2.15%, 06/03/31		1,478		1,225,241
2.65%, 01/16/30(a)		1,040		922,505
2.67%, 11/15/35 (Call 11/15/30), (5-year CMT + 1.750%)(d)		1,629		1,328,414
2.70%, 08/19/26(a)		1,591		1,510,935
2.85%, 05/13/26		2,193		2,094,793
2.96%, 11/16/40(a)		1,366		933,302
3.02%, 11/18/36 (Call 11/18/31), (5-year CMT + 1.530%)(d)		1,462		1,189,351
3.13%, 11/18/41(a)		1,410		976,083
3.35%, 03/08/27		1,599		1,529,979
3.40%, 01/25/28(a)		1,264		1,198,290
3.74%, 08/26/25(a)		152		149,155
4.04%, 08/26/27		265		259,347
4.11%, 07/24/34 (Call 07/24/29), (5-year CMT + 2.000%)(d)		1,682		1,536,417
4.32%, 11/23/31 (Call 11/23/26), (5-year USD ICE Swap + 2.236%)(d)		2,013		1,933,238
4.42%, 07/24/39		1,123		974,659
5.41%, 08/10/33 (Call 08/10/32), (1-year CMT + 2.680%)(a)(d)		1,294		1,268,551
5.46%, 11/18/27		1,415		1,438,835
5.51%, 11/17/25		1,225		1,234,459
5.54%, 11/17/28		1,680		1,719,398
6.82%, 11/17/33(a)		1,125		1,207,241
Westpac New Zealand Ltd.
4.90%, 02/15/28(b)		755		746,656
5.13%, 02/26/27(a)(b)		800		799,129
5.20%, 02/28/29(b)		800		799,448

Security	Par (000)		Value
Banks (continued)
Wintrust Financial Corp., 4.85%, 06/06/29	$	467	$	423,752
Woori Bank, 5.13%, 08/06/28(a)(b)		460		450,156
Zions Bancorp. NA, 3.25%, 10/29/29 (Call 07/29/29)		785		640,268
				2,245,823,766
Beverages — 1.8%
Anheuser-Busch
Companies LLC/Anheuser-Busch InBev
Worldwide Inc.
3.65%, 02/01/26 (Call 11/01/25)		1,848		1,800,880
4.70%, 02/01/36 (Call 08/01/35)		6,389		6,114,979
4.90%, 02/01/46 (Call 08/01/45)		12,165		11,246,492
Anheuser-Busch InBev Finance Inc.
4.63%, 02/01/44		1,270		1,145,808
4.70%, 02/01/36 (Call 08/01/35)		1,060		1,014,537
4.90%, 02/01/46 (Call 08/01/45)		2,098		1,939,592
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)		2,357		2,180,542
4.00%, 04/13/28 (Call 01/13/28)		3,386		3,283,615
4.35%, 06/01/40 (Call 12/01/39)		1,349		1,207,936
4.38%, 04/15/38 (Call 10/15/37)		2,290		2,094,123
4.44%, 10/06/48 (Call 04/06/48)		2,378		2,081,450
4.50%, 06/01/50 (Call 12/01/49)		245		220,865
4.60%, 04/15/48 (Call 10/15/47)		958		860,840
4.75%, 01/23/29 (Call 10/23/28)		5,711		5,663,445
4.75%, 04/15/58 (Call 10/15/57)(a)		1,200		1,089,436
4.90%, 01/23/31 (Call 10/23/30)(a)		1,104		1,110,203
4.95%, 01/15/42		2,171		2,070,841
5.45%, 01/23/39 (Call 07/23/38)		2,984		3,034,503
5.55%, 01/23/49 (Call 07/23/48)		5,110		5,238,570
5.80%, 01/23/59 (Call 07/23/58)		2,527		2,682,581
5.88%, 06/15/35(a)		245		259,543
6.63%, 08/15/33		582		644,204
8.00%, 11/15/39		681		856,089
8.20%, 01/15/39		1,554		2,002,199
Bacardi Ltd.
2.75%, 07/15/26 (Call 04/15/26)(b)		450		423,997
4.45%, 05/15/25 (Call 03/15/25)(a)(b)		1,180		1,162,575
4.70%, 05/15/28 (Call 02/15/28)(b)		1,100		1,068,318
5.15%, 05/15/38 (Call 11/15/37)(a)(b)		820		774,261
5.30%, 05/15/48 (Call 11/15/47)(b)		1,215		1,131,427
Bacardi Ltd./Bacardi-Martini BV
5.25%, 01/15/29 (Call 12/15/28)(a)(b)		640		630,030
5.40%, 06/15/33 (Call 03/15/33)(b)		417		410,173
5.90%, 06/15/43 (Call 12/15/42)(b)		165		163,512
Becle SAB de CV, 2.50%, 10/14/31
(Call 07/14/31)(b)		565		442,242
Brown-Forman Corp.
3.50%, 04/15/25 (Call 02/15/25)		621		608,106
3.75%, 01/15/43 (Call 07/15/42)		470		371,273
4.00%, 04/15/38 (Call 10/15/37)		585		510,951
4.50%, 07/15/45 (Call 01/15/45)(a)		714		632,936
4.75%, 04/15/33 (Call 01/15/33)(a)		815		803,921
Cia. Cervecerias Unidas SA, 3.35%, 01/19/32
(Call 10/19/31)(b)		10		8,560
Coca-Cola Co. (The)
1.00%, 03/15/28		1,670		1,456,240
1.38%, 03/15/31		2,616		2,094,459
1.45%, 06/01/27		1,778		1,609,213
1.50%, 03/05/28		805		715,992
1.65%, 06/01/30		1,910		1,597,285

S C H E D U L E  O F  I N V E S T M E N T S 51

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
2.00%, 03/05/31	$	974	$	814,699
2.13%, 09/06/29(a)		1,459		1,283,748
2.25%, 01/05/32(a)		1,255		1,057,203
2.50%, 06/01/40		1,671		1,193,705
2.50%, 03/15/51		1,595		998,263
2.60%, 06/01/50		2,021		1,307,547
2.75%, 06/01/60(a)		1,322		838,692
2.88%, 05/05/41(a)		877		657,864
2.90%, 05/25/27		937		889,672
3.00%, 03/05/51(a)		1,810		1,275,375
3.38%, 03/25/27(a)		1,590		1,533,569
3.45%, 03/25/30		1,838		1,714,664
4.20%, 03/25/50		1,025		905,533
Coca-Cola Consolidated Inc., 3.80%, 11/25/25
(Call 08/25/25)		430		420,560
Coca-Cola Europacific Partners PLC,
1.50%, 01/15/27 (Call 12/15/26)(b)		962		869,259
Coca-Cola Femsa SAB de CV
1.85%, 09/01/32 (Call 06/01/32)		1,065		832,074
2.75%, 01/22/30 (Call 10/22/29)		1,300		1,143,350
5.25%, 11/26/43		455		438,615
Constellation Brands Inc.
2.25%, 08/01/31 (Call 05/01/31)		1,517		1,237,802
2.88%, 05/01/30 (Call 02/01/30)(a)		1,208		1,060,909
3.15%, 08/01/29 (Call 05/01/29)		1,048		950,909
3.50%, 05/09/27 (Call 02/09/27)		808		768,204
3.60%, 02/15/28 (Call 11/15/27)		1,110		1,049,390
3.70%, 12/06/26 (Call 09/06/26)		1,000		963,189
3.75%, 05/01/50 (Call 11/01/49)		850		636,046
4.10%, 02/15/48 (Call 08/15/47)		936		752,305
4.35%, 05/09/27 (Call 04/09/27)(a)		535		523,226
4.40%, 11/15/25 (Call 09/15/25)		860		847,161
4.50%, 05/09/47 (Call 11/09/46)		852		718,790
4.65%, 11/15/28 (Call 08/15/28)		805		790,204
4.75%, 12/01/25		680		672,772
4.75%, 05/09/32 (Call 02/09/32)(a)		865		836,569
4.80%, 01/15/29 (Call 12/15/28)		595		586,419
4.90%, 05/01/33 (Call 02/01/33)		1,065		1,032,855
5.00%, 02/02/26 (Call 03/11/24)(a)		295		293,119
5.25%, 11/15/48 (Call 05/15/48)(a)		817		773,036
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		1,045		985,852
2.00%, 04/29/30 (Call 01/29/30)		800		674,736
2.13%, 04/29/32 (Call 01/29/32)		1,095		886,230
2.38%, 10/24/29 (Call 07/24/29)(a)		1,293		1,135,914
3.88%, 05/18/28 (Call 02/18/28)		875		847,351
3.88%, 04/29/43 (Call 10/29/42)(a)		590		499,928
5.20%, 10/24/25		783		783,558
5.30%, 10/24/27 (Call 09/24/27)		1,160		1,174,077
5.38%, 10/05/26 (Call 09/05/26)		1,115		1,124,162
5.50%, 01/24/33 (Call 10/24/32)		1,400		1,438,748
5.63%, 10/05/33 (Call 07/05/33)		765		795,533
5.88%, 09/30/36		538		573,646
Diageo Investment Corp.
4.25%, 05/11/42(a)		613		544,980
7.45%, 04/15/35		190		223,593
Fomento Economico Mexicano SAB de CV,
3.50%, 01/16/50 (Call 07/16/49)		145		107,968
Heineken NV
3.50%, 01/29/28 (Call 10/29/27)(b)		1,657		1,581,277
4.00%, 10/01/42(a)(b)		706		581,711

Security	Par (000)		Value
Beverages (continued)
4.35%, 03/29/47 (Call 09/29/46)(a)(b)	$	575	$	502,911
JDE Peet’s NV
1.38%, 01/15/27 (Call 12/15/26)(b)		1,383		1,236,722
2.25%, 09/24/31 (Call 06/24/31)(b)		916		716,608
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)		949		788,618
2.55%, 09/15/26 (Call 06/15/26)		487		456,648
3.20%, 05/01/30 (Call 02/01/30)		926		836,620
3.35%, 03/15/51 (Call 09/15/50)		849		592,886
3.40%, 11/15/25 (Call 08/15/25)		846		819,637
3.43%, 06/15/27 (Call 03/15/27)(a)		672		639,776
3.80%, 05/01/50 (Call 11/01/49)		1,485		1,129,673
3.95%, 04/15/29 (Call 02/15/29)		1,325		1,262,408
4.05%, 04/15/32 (Call 01/15/32)(a)		1,015		942,745
4.42%, 05/25/25 (Call 03/25/25)		631		624,066
4.42%, 12/15/46 (Call 06/15/46)		808		677,192
4.50%, 11/15/45 (Call 05/15/45)		656		565,915
4.50%, 04/15/52 (Call 10/15/51)(a)		1,042		884,750
4.60%, 05/25/28 (Call 02/25/28)		1,720		1,696,608
5.09%, 05/25/48 (Call 11/25/47)		405		379,339
Molson Coors Beverage Co.
3.00%, 07/15/26 (Call 04/15/26)		2,694		2,565,848
4.20%, 07/15/46 (Call 01/15/46)		2,120		1,731,825
5.00%, 05/01/42(a)		1,777		1,654,245
PepsiCo Inc.
1.40%, 02/25/31 (Call 11/25/30)		1,057		844,910
1.63%, 05/01/30 (Call 02/01/30)		1,799		1,496,620
1.95%, 10/21/31 (Call 07/21/31)(a)		1,480		1,213,463
2.25%, 03/19/25 (Call 02/19/25)		1,721		1,670,594
2.38%, 10/06/26 (Call 07/06/26)		1,451		1,367,140
2.63%, 03/19/27 (Call 01/19/27)		630		592,327
2.63%, 07/29/29 (Call 04/29/29)		1,369		1,233,465
2.63%, 10/21/41 (Call 04/21/41)		1,370		983,433
2.75%, 04/30/25 (Call 01/30/25)		1,291		1,257,144
2.75%, 03/19/30 (Call 12/19/29)		1,744		1,557,448
2.75%, 10/21/51 (Call 04/21/51)(a)		1,522		1,001,710
2.85%, 02/24/26 (Call 11/24/25)		1,223		1,175,703
2.88%, 10/15/49 (Call 04/15/49)		910		628,939
3.00%, 10/15/27 (Call 07/15/27)		2,007		1,892,181
3.38%, 07/29/49 (Call 01/29/49)(a)		1,006		758,251
3.45%, 10/06/46 (Call 04/06/46)(a)		1,522		1,181,822
3.50%, 07/17/25 (Call 04/17/25)(a)		960		940,627
3.50%, 03/19/40 (Call 09/19/39)		365		298,681
3.60%, 02/18/28 (Call 01/18/28)		1,095		1,053,405
3.60%, 08/13/42		110		88,945
3.63%, 03/19/50 (Call 09/19/49)		1,452		1,146,026
3.88%, 03/19/60 (Call 09/19/59)		610		488,304
3.90%, 07/18/32 (Call 04/18/32)		1,638		1,537,063
4.00%, 03/05/42(a)		980		870,903
4.00%, 05/02/47 (Call 11/02/46)(a)		480		401,189
4.20%, 07/18/52 (Call 01/18/52)		957		833,356
4.25%, 10/22/44 (Call 04/22/44)(a)		145		125,720
4.45%, 05/15/28 (Call 04/15/28)(a)		933		931,173
4.45%, 02/15/33 (Call 11/15/32)(a)		930		922,006
4.45%, 04/14/46 (Call 10/14/45)		880		796,499
4.55%, 02/13/26 (Call 01/13/26)		500		497,036
4.60%, 07/17/45 (Call 01/17/45)		537		484,606
4.65%, 02/15/53 (Call 08/15/52)		850		791,973
4.88%, 11/01/40(a)		675		662,702
5.13%, 11/10/26 (Call 10/10/26)(a)		985		991,249
5.25%, 11/10/25(a)		875		878,590

52 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
7.00%, 03/01/29(a)	$	1,392	$	1,536,996
Pepsico Singapore Financing I Pte Ltd.
4.55%, 02/16/29 (Call 01/16/29)		610		604,488
4.65%, 02/16/27 (Call 01/16/27)		500		496,460
4.70%, 02/16/34 (Call 11/16/33)(a)		500		491,831
Pernod Ricard International Finance LLC
1.25%, 04/01/28 (Call 02/01/28)(a)(b)		1,120		965,189
1.63%, 04/01/31 (Call 01/01/30)(b)		1,524		1,208,558
2.75%, 10/01/50 (Call 04/01/50)(b)		465		291,658
Pernod Ricard SA
3.25%, 06/08/26 (Call 03/08/26)(b)		1,110		1,066,108
5.50%, 01/15/42(a)(b)		1,045		1,056,114
				185,102,950
Biotechnology — 1.1%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		1,761		1,534,114
2.00%, 01/15/32 (Call 10/15/31)		1,715		1,374,276
2.20%, 02/21/27 (Call 12/21/26)		2,298		2,119,146
2.30%, 02/25/31 (Call 11/25/30)		1,674		1,400,738
2.45%, 02/21/30 (Call 11/21/29)		1,703		1,480,294
2.60%, 08/19/26 (Call 05/19/26)		1,527		1,441,232
2.77%, 09/01/53 (Call 03/01/53)		1,226		748,325
2.80%, 08/15/41 (Call 02/15/41)		1,525		1,087,517
3.00%, 02/22/29 (Call 12/22/28)(a)		1,070		981,364
3.00%, 01/15/52 (Call 07/15/51)(a)		1,400		935,219
3.13%, 05/01/25 (Call 02/01/25)		1,298		1,264,854
3.15%, 02/21/40 (Call 08/21/39)		2,470		1,853,055
3.20%, 11/02/27 (Call 08/02/27)		1,610		1,513,948
3.35%, 02/22/32 (Call 11/22/31)		1,335		1,181,390
3.38%, 02/21/50 (Call 08/21/49)(a)		2,774		1,991,139
4.05%, 08/18/29 (Call 06/18/29)(a)		1,715		1,639,785
4.20%, 03/01/33 (Call 12/01/32)		965		892,651
4.20%, 02/22/52 (Call 08/22/51)		1,248		1,009,203
4.40%, 05/01/45 (Call 11/01/44)		2,737		2,336,674
4.40%, 02/22/62 (Call 08/22/61)		1,585		1,274,687
4.56%, 06/15/48 (Call 12/15/47)		1,920		1,664,183
4.66%, 06/15/51 (Call 12/15/50)		4,564		3,971,997
4.88%, 03/01/53 (Call 09/01/52)		1,415		1,269,628
4.95%, 10/01/41		561		522,411
5.15%, 03/02/28 (Call 02/02/28)		4,690		4,699,053
5.15%, 11/15/41 (Call 05/15/41)		960		913,128
5.25%, 03/02/25		2,590		2,583,577
5.25%, 03/02/30 (Call 01/02/30)		3,265		3,289,264
5.25%, 03/02/33 (Call 12/02/32)		5,335		5,320,371
5.51%, 03/02/26 (Call 03/11/24)		440		439,427
5.60%, 03/02/43 (Call 09/02/42)		3,705		3,709,040
5.65%, 06/15/42 (Call 12/15/41)(a)		480		481,630
5.65%, 03/02/53 (Call 09/02/52)(a)		5,170		5,167,849
5.75%, 03/15/40		485		491,039
5.75%, 03/02/63 (Call 09/02/62)		3,549		3,549,329
6.38%, 06/01/37(a)		734		785,917
6.40%, 02/01/39		635		686,564
6.90%, 06/01/38(a)		360		402,870
Baxalta Inc.
4.00%, 06/23/25 (Call 03/23/25)		1,200		1,178,719
5.25%, 06/23/45 (Call 12/23/44)(a)		526		507,273
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		2,176		1,821,318
3.15%, 05/01/50 (Call 11/01/49)		2,301		1,519,985
3.25%, 02/15/51 (Call 08/15/50)(a)		1,241		849,594
4.05%, 09/15/25 (Call 06/15/25)(a)		2,373		2,325,849

Security	Par (000)		Value
Biotechnology (continued)
5.20%, 09/15/45 (Call 03/15/45)	$	1,244	$	1,172,481
Bio-Rad Laboratories Inc.
3.30%, 03/15/27 (Call 02/15/27)		623		587,481
3.70%, 03/15/32 (Call 12/15/31)(a)		1,345		1,197,942
CSL Finance PLC
3.85%, 04/27/27 (Call 03/27/27)(a)(b)		542		521,956
4.05%, 04/27/29 (Call 02/27/29)(a)(b)		1,285		1,226,434
4.25%, 04/27/32 (Call 01/27/32)(b)		1,060		1,000,944
4.63%, 04/27/42 (Call 10/27/41)(b)		245		223,601
4.75%, 04/27/52 (Call 10/27/51)(b)		1,310		1,184,389
4.95%, 04/27/62 (Call 10/27/61)(a)(b)		680		616,026
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		1,177		1,035,696
1.65%, 10/01/30 (Call 07/01/30)		1,633		1,333,358
2.60%, 10/01/40 (Call 04/01/40)		1,426		995,558
2.80%, 10/01/50 (Call 04/01/50)		2,177		1,402,987
2.95%, 03/01/27 (Call 12/01/26)		1,720		1,625,020
3.65%, 03/01/26 (Call 12/01/25)		3,798		3,687,810
4.00%, 09/01/36 (Call 03/01/36)		1,286		1,137,864
4.15%, 03/01/47 (Call 09/01/46)		2,691		2,224,226
4.50%, 02/01/45 (Call 08/01/44)		2,258		1,987,035
4.60%, 09/01/35 (Call 03/01/35)(a)		1,029		976,609
4.75%, 03/01/46 (Call 09/01/45)		2,858		2,597,944
4.80%, 04/01/44 (Call 10/01/43)		2,174		1,996,780
5.25%, 10/15/33 (Call 07/15/33)(a)		865		875,080
5.55%, 10/15/53 (Call 04/15/53)(a)		920		937,777
5.65%, 12/01/41 (Call 06/01/41)(a)		1,213		1,236,133
Illumina Inc.
2.55%, 03/23/31 (Call 12/23/30)(a)		1,024		841,252
5.75%, 12/13/27 (Call 11/13/27)		1,005		1,013,630
5.80%, 12/12/25 (Call 11/12/25)		760		760,080
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30 (Call 06/15/30)		1,824		1,475,489
2.80%, 09/15/50 (Call 03/15/50)(a)		1,307		813,471
Royalty Pharma PLC
1.20%, 09/02/25 (Call 08/02/25)		1,276		1,194,650
1.75%, 09/02/27 (Call 07/02/27)		1,549		1,379,332
2.15%, 09/02/31 (Call 06/02/31)(a)		889		709,525
2.20%, 09/02/30 (Call 06/02/30)		1,623		1,336,050
3.30%, 09/02/40 (Call 03/02/40)(a)		1,527		1,120,700
3.35%, 09/02/51 (Call 03/02/51)		1,060		693,787
3.55%, 09/02/50 (Call 03/02/50)(a)		1,326		902,628
				120,231,351
Building Materials — 0.5%
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)		399		370,556
2.70%, 02/15/31 (Call 11/15/30)		955		815,081
2.72%, 02/15/30 (Call 11/15/29)(a)		3,009		2,634,411
3.38%, 04/05/40 (Call 10/05/39)(a)		2,308		1,781,152
3.58%, 04/05/50 (Call 10/05/49)(a)		2,321		1,712,381
5.90%, 03/15/34 (Call 12/15/33)(a)		555		575,734
6.20%, 03/15/54 (Call 09/15/53)		890		971,425
CRH America Finance Inc.
3.40%, 05/09/27 (Call 02/09/27)(a)(b)		728		690,710
3.95%, 04/04/28 (Call 01/04/28)(b)		1,607		1,548,244
4.50%, 04/04/48 (Call 10/04/47)(a)(b)		905		797,310
CRH America Inc.
3.88%, 05/18/25 (Call 02/15/25)(b)		1,715		1,677,298
5.13%, 05/18/45 (Call 11/18/44)(b)		835		789,136
Eagle Materials Inc., 2.50%, 07/01/31
(Call 04/01/31)(a)		955		793,923

S C H E D U L E  O F  I N V E S T M E N T S 53

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Building Materials (continued)
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)	$	1,291	$	1,167,977
4.00%, 06/15/25 (Call 03/15/25)		680		667,026
4.00%, 03/25/32 (Call 12/25/31)(a)		600		544,709
4.50%, 03/25/52 (Call 09/25/51)(a)		810		656,420
5.88%, 06/01/33 (Call 03/01/33)		887		900,575
GCC SAB de CV, 3.61%, 04/20/32
(Call 01/20/32)(b)		200		169,564
Holcim Capital Corp. Ltd., 6.50%, 09/12/43(b)		300		300,231
Holcim Finance U.S. LLC
3.50%, 09/22/26 (Call 06/22/26)(b)		1,145		1,096,682
4.75%, 09/22/46 (Call 03/22/46)(a)(b)		435		382,503
Holcim U.S. Finance Luxembourg SA, 6.88%,
09/29/39(b)		320		339,253
Johnson Controls International PLC
3.90%, 02/14/26 (Call 11/14/25)(a)		895		872,128
4.50%, 02/15/47 (Call 08/15/46)		828		711,560
4.63%, 07/02/44 (Call 01/02/44)(a)		634		552,667
4.95%, 07/02/64 (Call 01/02/64)(c)		441		390,854
5.13%, 09/14/45 (Call 03/14/45)		112		104,062
6.00%, 01/15/36		729		766,058
Johnson Controls International PLC/Tyco Fire & Security Finance SCA
1.75%, 09/15/30 (Call 06/15/30)		786		642,193
2.00%, 09/16/31 (Call 06/16/31)(a)		790		633,935
4.90%, 12/01/32 (Call 09/01/32)(a)		180		176,384
Lafarge SA, 7.13%, 07/15/36		453		500,943
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)		476		448,880
1.70%, 08/01/27 (Call 06/01/27)		745		667,011
5.50%, 09/15/28 (Call 08/15/28)		765		772,016
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)		1,381		1,149,149
3.20%, 07/15/51 (Call 01/15/51)		1,475		1,019,763
3.45%, 06/01/27 (Call 03/01/27)(a)		335		319,918
3.50%, 12/15/27 (Call 09/15/27)		521		493,850
4.25%, 12/15/47 (Call 06/15/47)		440		365,353
Series CB, 2.50%, 03/15/30 (Call 12/15/29)		888		769,587
Masco Corp.
1.50%, 02/15/28 (Call 12/15/27)		1,024		889,823
2.00%, 10/01/30 (Call 07/01/30)(a)		756		615,351
2.00%, 02/15/31 (Call 11/15/30)(a)		1,080		876,980
3.13%, 02/15/51 (Call 08/15/50)(a)		422		281,332
3.50%, 11/15/27 (Call 08/15/27)		567		532,815
4.50%, 05/15/47 (Call 11/15/46)(a)		629		524,855
Mohawk Industries Inc., 5.85%, 09/18/28
(Call 08/18/28)		600		612,969
Owens Corning
3.40%, 08/15/26 (Call 05/15/26)		990		945,691
3.88%, 06/01/30 (Call 03/01/30)		765		704,731
3.95%, 08/15/29 (Call 05/15/29)(a)		793		747,798
4.30%, 07/15/47 (Call 01/15/47)(a)		706		579,098
4.40%, 01/30/48 (Call 07/30/47)		776		641,012
7.00%, 12/01/36		334		371,421
St Marys Cement Inc. Canada, 5.75%, 01/28/27
(Call 10/28/26)(b)		220		219,064
Trane Technologies Financing Ltd.
3.50%, 03/21/26 (Call 01/21/26)		774		748,194
3.80%, 03/21/29 (Call 12/21/28)(a)		999		944,535
4.50%, 03/21/49 (Call 09/21/48)		359		318,365
4.65%, 11/01/44 (Call 05/01/44)		761		684,313

Security	Par (000)		Value
Building Materials (continued)
5.25%, 03/03/33 (Call 12/03/32)	$	890	$	897,552
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)		754		719,234
4.30%, 02/21/48 (Call 08/21/47)		220		188,172
5.75%, 06/15/43(a)		544		559,466
UltraTech Cement Ltd., 2.80%, 02/16/31
(Call 08/16/30)(a)(b)		550		461,548
Votorantim Cimentos International SA,
7.25%, 04/05/41(b)		285		311,044
Vulcan Materials Co.
3.50%, 06/01/30 (Call 03/01/30)		1,475		1,343,438
3.90%, 04/01/27 (Call 01/01/27)		593		574,248
4.50%, 04/01/25 (Call 01/01/25)		712		704,196
4.50%, 06/15/47 (Call 12/15/46)		586		506,182
4.70%, 03/01/48 (Call 09/01/47)		762		680,569
5.80%, 03/01/26 (Call 03/01/24)		95		95,000
				51,017,608
Chemicals — 1.5%
Air Liquide Finance SA
2.25%, 09/10/29 (Call 06/10/29)(a)(b)		1,073		945,837
2.50%, 09/27/26 (Call 06/27/26)(b)		1,575		1,481,482
3.50%, 09/27/46 (Call 03/27/46)(a)(b)		912		717,307
Air Products and Chemicals Inc.
1.50%, 10/15/25 (Call 09/15/25)		817		772,319
1.85%, 05/15/27 (Call 03/15/27)(a)		1,218		1,113,498
2.05%, 05/15/30 (Call 02/15/30)		1,201		1,021,664
2.70%, 05/15/40 (Call 11/15/39)		971		699,182
2.80%, 05/15/50 (Call 11/15/49)(a)		1,424		948,202
4.60%, 02/08/29 (Call 01/08/29)		1,375		1,358,609
4.75%, 02/08/31 (Call 12/08/30)		1,275		1,258,852
4.80%, 03/03/33 (Call 12/03/32)		1,075		1,059,879
4.85%, 02/08/34 (Call 11/08/33)		1,275		1,250,095
Albemarle Corp.
4.65%, 06/01/27 (Call 05/01/27)(a)		515		505,772
5.05%, 06/01/32 (Call 03/01/32)(a)		1,090		1,035,086
5.45%, 12/01/44 (Call 06/01/44)		180		163,753
5.65%, 06/01/52 (Call 12/01/51)(a)		745		672,075
Alpek SAB de CV, 3.25%, 02/25/31
(Call 11/25/30)(a)(b)		567		475,203
Bayport Polymers LLC
4.74%, 04/14/27 (Call 03/14/27)(a)(b)		20		18,957
5.14%, 04/14/32 (Call 01/14/32)(a)(b)		675		601,790
Cabot Corp.
3.40%, 09/15/26 (Call 06/15/26)		723		680,091
4.00%, 07/01/29 (Call 04/01/29)(a)		606		563,981
5.00%, 06/30/32 (Call 03/30/32)		715		689,422
Celanese U.S. Holdings LLC
1.40%, 08/05/26 (Call 07/05/26)		835		757,317
6.05%, 03/15/25		1,121		1,123,774
6.17%, 07/15/27 (Call 06/15/27)		2,806		2,848,696
6.33%, 07/15/29 (Call 05/15/29)		1,005		1,032,086
6.35%, 11/15/28 (Call 10/15/28)		1,405		1,444,979
6.38%, 07/15/32 (Call 04/15/32)		796		815,562
6.55%, 11/15/30 (Call 09/15/30)		1,573		1,635,419
6.70%, 11/15/33 (Call 08/15/33)		1,465		1,538,961
CF Industries Inc.
4.50%, 12/01/26(b)		1,408		1,372,147
4.95%, 06/01/43		1,170		1,040,351
5.15%, 03/15/34		1,075		1,040,254
5.38%, 03/15/44		985		920,937

54 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP
3.40%, 12/01/26 (Call 09/01/26)(a)(b)	$	1,339	$	1,275,813
3.70%, 06/01/28 (Call 03/01/28)(a)(b)		1,085		1,028,881
5.13%, 04/01/25 (Call 03/01/25)(b)		1,037		1,032,931
Dow Chemical Co. (The)
2.10%, 11/15/30 (Call 08/15/30)(a)		1,239		1,034,376
3.60%, 11/15/50 (Call 05/15/50)		1,685		1,226,928
4.25%, 10/01/34 (Call 04/01/34)(a)		697		641,544
4.38%, 11/15/42 (Call 05/15/42)		1,554		1,307,092
4.63%, 10/01/44 (Call 04/01/44)		745		643,802
4.80%, 11/30/28 (Call 08/30/28)(a)		934		927,174
4.80%, 05/15/49 (Call 11/15/48)		1,115		973,066
5.15%, 02/15/34 (Call 11/15/33)(a)		450		443,445
5.25%, 11/15/41 (Call 05/15/41)		1,188		1,118,413
5.55%, 11/30/48 (Call 05/30/48)		606		589,984
5.60%, 02/15/54 (Call 08/15/53)		450		439,715
6.30%, 03/15/33 (Call 12/15/32)(a)		740		792,748
6.90%, 05/15/53 (Call 11/15/52)		1,155		1,322,430
7.38%, 11/01/29		1,181		1,309,961
9.40%, 05/15/39		723		962,370
DuPont de Nemours Inc.
4.49%, 11/15/25 (Call 09/15/25)(a)		2,543		2,513,028
4.73%, 11/15/28 (Call 08/15/28)		3,146		3,128,543
5.32%, 11/15/38 (Call 05/15/38)		2,231		2,205,351
5.42%, 11/15/48 (Call 05/15/48)(a)		2,861		2,815,046
Eastman Chemical Co.
3.80%, 03/15/25 (Call 12/15/24)		1,151		1,132,195
4.50%, 12/01/28 (Call 09/01/28)		1,100		1,067,443
4.65%, 10/15/44 (Call 04/15/44)(a)		1,220		1,035,383
4.80%, 09/01/42 (Call 03/01/42)		729		637,045
5.63%, 02/20/34 (Call 11/20/33)(a)		495		491,366
5.75%, 03/08/33 (Call 12/08/32)		695		699,624
Ecolab Inc.
1.30%, 01/30/31 (Call 10/30/30)(a)		830		658,192
1.65%, 02/01/27 (Call 01/01/27)		660		603,122
2.13%, 02/01/32 (Call 11/01/31)		1,245		1,023,130
2.13%, 08/15/50 (Call 02/15/50)(a)		682		394,370
2.70%, 11/01/26 (Call 08/01/26)(a)		996		945,354
2.70%, 12/15/51 (Call 06/15/51)		1,370		868,823
2.75%, 08/18/55 (Call 02/18/55)(a)		693		431,173
3.25%, 12/01/27 (Call 09/01/27)		799		756,840
3.95%, 12/01/47 (Call 06/01/47)(a)		445		367,743
4.80%, 03/24/30 (Call 12/24/29)(a)		966		965,206
5.25%, 01/15/28 (Call 12/15/27)		949		963,196
5.50%, 12/08/41		600		607,825
EIDP Inc.
1.70%, 07/15/25 (Call 06/15/25)		470		446,567
2.30%, 07/15/30 (Call 04/15/30)(a)		968		827,934
4.50%, 05/15/26 (Call 04/15/26)		725		713,810
4.80%, 05/15/33 (Call 02/15/33)(a)		380		371,808
FMC Corp.
3.20%, 10/01/26 (Call 08/01/26)(a)		925		866,642
3.45%, 10/01/29 (Call 07/01/29)		931		827,560
4.50%, 10/01/49 (Call 04/01/49)(a)		775		576,478
5.15%, 05/18/26 (Call 04/18/26)		795		784,042
5.65%, 05/18/33 (Call 02/18/33)(a)		925		895,805
6.38%, 05/18/53 (Call 11/18/52)(a)		785		765,727
GC Treasury Center Co. Ltd.
2.98%, 03/18/31 (Call 12/18/30)(b)		277		230,531
4.30%, 03/18/51 (Call 09/18/50)(b)		385		290,743

Security	Par (000)		Value
Chemicals (continued)
4.40%, 03/30/32 (Call 09/30/31)(a)(b)	$	1,165	$	1,055,664
Huntsman International LLC
2.95%, 06/15/31 (Call 03/15/31)		825		679,353
4.50%, 05/01/29 (Call 02/01/29)(a)		1,230		1,168,261
International Flavors & Fragrances Inc.
1.23%, 10/01/25 (Call 09/01/25)(b)		100		93,193
1.83%, 10/15/27 (Call 08/15/27)(b)		260		228,502
2.30%, 11/01/30 (Call 08/01/30)(a)(b)		425		348,772
3.27%, 11/15/40 (Call 05/15/40)(b)		697		488,553
3.47%, 12/01/50 (Call 06/01/50)(a)(b)		1,710		1,125,360
4.38%, 06/01/47 (Call 12/01/46)		495		369,275
4.45%, 09/26/28 (Call 06/26/28)(a)		570		549,730
5.00%, 09/26/48 (Call 03/26/48)		716		602,409
LG Chem Ltd.
1.38%, 07/07/26(b)		1,265		1,153,124
2.38%, 07/07/31(b)		655		538,685
Linde Inc./CT
1.10%, 08/10/30 (Call 05/10/30)		1,398		1,119,425
2.00%, 08/10/50 (Call 02/10/50)		288		161,359
3.20%, 01/30/26 (Call 10/30/25)		1,091		1,057,463
3.55%, 11/07/42 (Call 05/07/42)		910		726,779
4.70%, 12/05/25 (Call 11/05/25)		925		920,672
Lubrizol Corp. (The), 6.50%, 10/01/34		565		637,227
LYB Finance Co. BV, 8.10%, 03/15/27(b)		505		537,218
LYB International Finance BV
4.88%, 03/15/44 (Call 09/15/43)		1,267		1,114,200
5.25%, 07/15/43		1,013		929,540
LYB International Finance II BV,
3.50%, 03/02/27 (Call 12/02/26)		935		890,968
LYB International Finance III LLC
1.25%, 10/01/25 (Call 09/01/25)		945		883,036
2.25%, 10/01/30 (Call 07/01/30)(a)		860		716,255
3.38%, 10/01/40 (Call 04/01/40)		1,052		780,425
3.63%, 04/01/51 (Call 10/01/50)(a)		1,357		943,871
3.80%, 10/01/60 (Call 04/01/60)(a)		664		449,376
4.20%, 10/15/49 (Call 04/15/49)		1,358		1,048,915
4.20%, 05/01/50 (Call 11/01/49)		1,271		981,665
5.50%, 03/01/34 (Call 12/01/33)		950		942,563
5.63%, 05/15/33 (Call 02/15/33)(a)		890		903,724
LyondellBasell Industries NV, 4.63%, 02/26/55
(Call 08/26/54)		915		750,840
MEGlobal BV
2.63%, 04/28/28 (Call 01/28/28)(b)		185		164,195
4.25%, 11/03/26(b)		1,507		1,446,720
MEGlobal Canada ULC
5.00%, 05/18/25(a)(b)		1,100		1,084,941
5.88%, 05/18/30(b)		750		755,160
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)		209		200,767
4.88%, 11/15/41 (Call 05/15/41)		150		131,124
5.38%, 11/15/28 (Call 10/15/28)(a)		475		478,520
5.45%, 11/15/33 (Call 05/15/33)		282		278,835
5.63%, 11/15/43 (Call 05/15/43)		525		501,479
NewMarket Corp., 2.70%, 03/18/31
(Call 12/18/30)		860		713,953
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		925		819,006
3.00%, 04/01/25 (Call 01/01/25)		514		499,854
3.95%, 05/13/50 (Call 11/13/49)		770		601,337
4.00%, 12/15/26 (Call 09/15/26)		926		896,688
4.13%, 03/15/35 (Call 09/15/34)		699		628,727

S C H E D U L E  O F  I N V E S T M E N T S 55

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
4.20%, 04/01/29 (Call 01/01/29)	$	1,275	$	1,225,569
4.90%, 03/27/28 (Call 02/27/28)		890		882,700
4.90%, 06/01/43 (Call 12/01/42)(a)		697		630,006
5.00%, 04/01/49 (Call 10/01/48)(a)		725		655,451
5.25%, 01/15/45 (Call 07/15/44)		748		695,463
5.63%, 12/01/40		681		667,085
5.80%, 03/27/53 (Call 09/27/52)(a)		870		873,104
5.88%, 12/01/36		722		740,433
5.95%, 11/07/25		895		902,225
6.13%, 01/15/41 (Call 07/15/40)(a)		440		450,460
OCI NV
4.63%, 10/15/25 (Call 04/02/24)(b)		240		235,315
6.70%, 03/16/33 (Call 12/16/32)(b)		810		802,843
Orbia Advance Corp. SAB de CV
1.88%, 05/11/26 (Call 04/11/26)(b)		1,145		1,044,413
2.88%, 05/11/31 (Call 02/11/31)(b)		610		494,260
4.00%, 10/04/27 (Call 07/04/27)(b)		280		263,615
5.50%, 01/15/48 (Call 07/15/47)(b)		602		507,185
5.88%, 09/17/44(b)		990		883,315
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)		1,142		1,055,369
2.55%, 06/15/30 (Call 03/15/30)(a)		630		542,813
2.80%, 08/15/29 (Call 05/15/29)		612		547,212
3.75%, 03/15/28 (Call 12/15/27)		1,418		1,358,764
Rohm & Haas Co., 7.85%, 07/15/29		946		1,049,727
RPM International Inc.
2.95%, 01/15/32 (Call 10/15/31)(a)		632		533,769
3.75%, 03/15/27 (Call 12/15/26)		955		911,137
4.25%, 01/15/48 (Call 07/15/47)(a)		425		341,372
4.55%, 03/01/29 (Call 12/01/28)		685		658,880
5.25%, 06/01/45 (Call 12/01/44)(a)		412		380,892
SABIC Capital II BV, 4.50%, 10/10/28(b)		1,145		1,116,393
Sherwin-Williams Co. (The)
2.20%, 03/15/32 (Call 12/15/31)(a)		825		668,631
2.30%, 05/15/30 (Call 02/15/30)		936		794,551
2.90%, 03/15/52 (Call 09/15/51)		735		475,511
2.95%, 08/15/29 (Call 05/15/29)		1,093		981,992
3.30%, 05/15/50 (Call 11/15/49)		790		555,151
3.45%, 08/01/25 (Call 05/01/25)(a)		729		710,578
3.45%, 06/01/27 (Call 03/01/27)		2,305		2,195,247
3.80%, 08/15/49 (Call 02/15/49)		790		609,369
3.95%, 01/15/26 (Call 10/15/25)		670		655,490
4.00%, 12/15/42 (Call 06/15/42)(a)		205		167,624
4.25%, 08/08/25		412		406,118
4.50%, 06/01/47 (Call 12/01/46)		1,586		1,374,548
4.55%, 08/01/45 (Call 02/01/45)		507		435,523
Sociedad Quimica y Minera de Chile SA
3.50%, 09/10/51 (Call 03/10/51)(a)(b)		845		553,163
4.25%, 05/07/29 (Call 02/07/29)(b)		565		534,236
4.25%, 01/22/50 (Call 07/22/49)(b)		420		317,803
6.50%, 11/07/33 (Call 08/07/33)(b)		275		283,525
Syngenta Finance NV, 4.89%, 04/24/25
(Call 02/24/25)(a)(b)		563		555,265
Westlake Corp.
2.88%, 08/15/41 (Call 02/15/41)		420		286,126
3.13%, 08/15/51 (Call 02/15/51)		1,065		669,258
3.38%, 06/15/30 (Call 03/15/30)(a)		770		687,817
3.38%, 08/15/61 (Call 02/15/61)(a)		495		306,949
3.60%, 08/15/26 (Call 05/15/26)(a)		1,160		1,116,068
4.38%, 11/15/47 (Call 05/15/47)		649		527,024
5.00%, 08/15/46 (Call 02/15/46)(a)		805		716,416

Security	Par (000)		Value
Chemicals (continued)
Yara International ASA
3.15%, 06/04/30 (Call 03/04/30)(a)(b)	$	1,350	$	1,170,429
3.80%, 06/06/26 (Call 03/06/26)(a)(b)		990		949,557
4.75%, 06/01/28 (Call 03/01/28)(b)		1,696		1,639,460
7.38%, 11/14/32 (Call 08/14/32)(a)(b)		1,000		1,098,961
				158,571,725
Coal — 0.0%
Teck Resources Ltd.
3.90%, 07/15/30 (Call 04/15/30)(a)		25		22,794
5.20%, 03/01/42 (Call 09/01/41)(a)		144		130,475
5.40%, 02/01/43 (Call 08/01/42)		359		332,234
6.00%, 08/15/40 (Call 02/15/40)		427		421,242
6.13%, 10/01/35		495		505,104
6.25%, 07/15/41 (Call 01/15/41)		647		655,001
				2,066,850
Commercial Services — 1.4%
Adani Ports & Special Economic Zone Ltd.
4.20%, 08/04/27 (Call 02/04/27)(b)		1,146		1,054,318
4.38%, 07/03/29(b)		810		721,461
5.00%, 08/02/41 (Call 02/02/41)(b)		150		121,490
American University (The), Series 2019,
3.67%, 04/01/49(a)		660		533,078
Ashtead Capital Inc.
1.50%, 08/12/26 (Call 07/12/26)(b)		1,030		932,497
2.45%, 08/12/31 (Call 05/12/31)(a)(b)		1,088		875,752
4.00%, 05/01/28 (Call 03/11/24)(b)		862		806,240
4.25%, 11/01/29 (Call 11/01/24)(a)(b)		705		650,421
4.38%, 08/15/27 (Call 03/18/24)(b)		1,040		993,344
5.50%, 08/11/32 (Call 05/11/32)(b)		480		469,245
5.55%, 05/30/33 (Call 02/28/33)(a)(b)		1,095		1,071,041
5.80%, 04/15/34 (Call 01/15/34)(b)		50		49,522
5.95%, 10/15/33 (Call 07/15/33)(b)		845		849,383
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)		1,804		1,462,842
1.70%, 05/15/28 (Call 03/15/28)		1,470		1,310,725
3.38%, 09/15/25 (Call 06/15/25)		1,162		1,135,509
Autopistas Metropolitanas de Puerto Rico LLC,
6.75%, 06/30/35(b)		72		70,852
Block Financial LLC
2.50%, 07/15/28 (Call 05/15/28)		940		827,775
3.88%, 08/15/30 (Call 05/15/30)		951		857,417
5.25%, 10/01/25 (Call 07/01/25)(a)		460		457,221
Brown University, Series A, 2.92%, 09/01/50
(Call 03/01/50)(a)		255		178,936
California Endowment (The), Series 2021,
2.50%, 04/01/51 (Call 10/01/50)		637		392,048
California Institute of Technology
3.65%, 09/01/2119 (Call 03/01/2119)(a)		588		407,839
4.32%, 08/01/45(a)		485		435,806
4.70%, 11/01/2111		332		294,641
Case Western Reserve University, 5.41%,
06/01/2122 (Call 12/01/2121)		50		47,914
Cintas Corp. No. 2
3.45%, 05/01/25 (Call 04/01/25)		445		435,677
3.70%, 04/01/27 (Call 01/01/27)		1,771		1,717,160
4.00%, 05/01/32 (Call 02/01/32)		835		783,638
CK Hutchison International 23 Ltd.
4.75%, 04/21/28 (Call 03/21/28)(b)		1,420		1,406,887
4.88%, 04/21/33 (Call 01/21/33)(a)(b)		685		675,923

56 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
Claremont Mckenna College,
3.78%, 01/01/2122 (Call 07/01/2121)	$	200	$	133,888
CoStar Group Inc., 2.80%, 07/15/30
(Call 04/15/30)(b)		1,610		1,361,276
DP World Crescent Ltd.
3.75%, 01/30/30 (Call 10/30/29)(a)(b)		855		788,155
4.85%, 09/26/28(b)		1,810		1,776,823
DP World Ltd./United Arab Emirates
4.70%, 09/30/49 (Call 03/30/49)(b)		680		551,684
5.63%, 09/25/48(b)		1,603		1,496,400
6.85%, 07/02/37(a)(b)		2,280		2,459,071
Duke University
3.20%, 10/01/38(a)		285		233,255
3.30%, 10/01/46(a)		730		554,721
Series 2020, 2.68%, 10/01/44		815		601,559
Series 2020, 2.76%, 10/01/50(a)		133		91,634
Series 2020, 2.83%, 10/01/55(a)		603		415,609
Element Fleet Management Corp.
3.85%, 06/15/25 (Call 05/15/25)(b)		672		653,658
6.27%, 06/26/26 (Call 05/26/26)(a)(b)		585		590,225
6.32%, 12/04/28 (Call 11/04/28)(a)(b)		1,185		1,215,391
Emory University
Series 2020, 2.14%, 09/01/30
(Call 06/01/30)		215		183,604
Series 2020, 2.97%, 09/01/50
(Call 03/01/50)(a)		720		500,397
Equifax Inc.
2.35%, 09/15/31 (Call 06/15/31)		1,700		1,387,469
2.60%, 12/15/25 (Call 11/15/25)		705		671,889
3.10%, 05/15/30 (Call 02/15/30)		1,160		1,023,261
3.25%, 06/01/26 (Call 03/01/26)		755		721,234
5.10%, 12/15/27 (Call 11/15/27)		1,135		1,131,238
5.10%, 06/01/28 (Call 05/01/28)		965		959,210
7.00%, 07/01/37(a)		298		328,288
ERAC USA Finance LLC
3.30%, 12/01/26 (Call 09/01/26)(a)(b)		958		911,941
3.80%, 11/01/25 (Call 08/01/25)(b)		1,399		1,362,364
4.20%, 11/01/46 (Call 05/01/46)(b)		631		528,539
4.50%, 02/15/45 (Call 08/15/44)(b)		704		617,481
4.60%, 05/01/28 (Call 04/01/28)(a)(b)		805		791,161
4.90%, 05/01/33 (Call 02/01/33)(b)		1,065		1,038,943
5.00%, 02/15/29 (Call 01/15/29)(a)(b)		255		253,399
5.20%, 10/30/34 (Call 07/30/34)(a)(b)		235		233,093
5.40%, 05/01/53 (Call 11/01/52)(a)(b)		1,350		1,353,211
5.63%, 03/15/42(a)(b)		970		982,002
6.70%, 06/01/34(b)		1,033		1,138,024
7.00%, 10/15/37(b)		1,181		1,342,247
Experian Finance PLC
2.75%, 03/08/30 (Call 12/08/29)(b)		900		778,805
4.25%, 02/01/29 (Call 11/01/28)(a)(b)		1,181		1,141,423
Ford Foundation (The)
Series 2017, 3.86%, 06/01/47
(Call 12/01/46)(a)		652		533,705
Series 2020, 2.42%, 06/01/50
(Call 12/01/49)(a)		745		468,622
Series 2020, 2.82%, 06/01/70
(Call 12/01/69)		424		251,809
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(b)		490		439,038
3.75%, 10/01/30 (Call 10/01/25)(b)		110		97,358
4.50%, 07/01/28 (Call 04/01/24)(a)(b)		495		468,559

Security	Par (000)		Value
Commercial Services (continued)
George Washington University (The)
4.87%, 09/15/45(a)	$	610	$	587,469
Series 2014, 4.30%, 09/15/44(a)		410		356,177
Series 2016, 3.55%, 09/15/46		508		395,669
Series 2018, 4.13%, 09/15/48
(Call 03/15/48)(a)		1,089		930,416
Georgetown University (The)
5.12%, 04/01/53 (Call 10/01/52)(a)		20		20,154
Series 20A, 2.94%, 04/01/50 (Call 10/01/49)		440		300,376
Series A, 5.22%, (Call 04/01/2118)(a)		145		134,469
Series B, 4.32%, 04/01/49 (Call 10/01/48)		941		838,562
Global Payments Inc.
1.20%, 03/01/26 (Call 02/01/26)		1,417		1,304,367
2.15%, 01/15/27 (Call 12/15/26)		1,151		1,056,341
2.90%, 05/15/30 (Call 02/15/30)		1,388		1,196,340
2.90%, 11/15/31 (Call 08/15/31)(a)		966		806,238
3.20%, 08/15/29 (Call 05/15/29)		1,649		1,468,625
4.15%, 08/15/49 (Call 02/15/49)		1,033		788,004
4.45%, 06/01/28 (Call 03/01/28)		740		713,733
4.80%, 04/01/26 (Call 01/01/26)		1,175		1,160,317
4.95%, 08/15/27 (Call 07/15/27)		690		683,669
5.30%, 08/15/29 (Call 06/15/29)		695		685,662
5.40%, 08/15/32 (Call 05/15/32)(a)		1,010		996,528
5.95%, 08/15/52 (Call 02/15/52)(a)		998		980,516
GXO Logistics Inc.
1.65%, 07/15/26 (Call 06/15/26)		1,050		958,107
2.65%, 07/15/31 (Call 04/15/31)(a)		775		630,002
Howard University, 5.21%, 10/01/52
(Call 10/01/32)(a)		200		178,534
ITR Concession Co. LLC, 5.18%, 07/15/35
(Call 01/15/35)(a)(b)		780		673,529
Johns Hopkins University
4.71%, 07/01/32 (Call 04/01/32)(a)		410		411,570
Series 2013, 4.08%, 07/01/53		540		474,401
Series A, 2.81%, 01/01/60 (Call 07/01/59)(a)		374		241,671
Leland Stanford Junior University (The)
1.29%, 06/01/27 (Call 04/01/27)		345		309,641
2.41%, 06/01/50 (Call 12/01/49)(a)		950		612,362
3.46%, 05/01/47		605		471,822
3.65%, 05/01/48 (Call 11/01/47)		770		638,733
Massachusetts Institute of Technology
3.07%, 04/01/52 (Call 10/01/51)		380		277,626
3.89%, 07/01/2116(a)		620		469,010
3.96%, 07/01/38(a)		360		329,238
4.68%, (a)		341		311,860
5.60%, (a)		830		894,185
Series F, 2.99%, 07/01/50 (Call 01/01/50)		841		607,040
Series G, 2.29%, 07/01/51 (Call 01/01/51)(a)		730		453,412
Metropolitan Museum of Art (The), Series 2015,
3.40%, 07/01/45		390		298,723
Moody’s Corp.
2.00%, 08/19/31 (Call 05/19/31)(a)		565		456,350
2.55%, 08/18/60 (Call 02/18/60)(a)		430		241,254
2.75%, 08/19/41 (Call 02/19/41)(a)		990		694,181
3.10%, 11/29/61 (Call 05/29/61)(a)		750		479,309
3.25%, 01/15/28 (Call 10/15/27)(a)		860		809,438
3.25%, 05/20/50 (Call 11/20/49)(a)		296		209,587
3.75%, 03/24/25 (Call 02/24/25)		603		592,771
3.75%, 02/25/52 (Call 08/25/51)(a)		760		590,454
4.25%, 02/01/29 (Call 11/01/28)(a)		578		559,161
4.25%, 08/08/32 (Call 05/08/32)		1,085		1,025,216

S C H E D U L E  O F  I N V E S T M E N T S 57

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
4.88%, 12/17/48 (Call 06/17/48)	$	530	$	489,947
5.25%, 07/15/44		634		619,250
Northeastern University, Series 2020,
2.89%, 10/01/50(a)		55		38,124
Northwestern University
3.69%, 12/01/38(a)		565		488,773
3.87%, 12/01/48(a)		565		473,663
4.64%, 12/01/44(a)		555		529,056
Series 2017, 3.66%, 12/01/57
(Call 06/01/57)		495		392,660
Series 2020, 2.64%, 12/01/50
(Call 06/01/50)(a)		620		414,046
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		1,285		1,229,855
2.30%, 06/01/30 (Call 03/01/30)		1,573		1,338,745
2.65%, 10/01/26 (Call 08/01/26)(a)		1,934		1,822,685
2.85%, 10/01/29 (Call 07/01/29)		2,028		1,807,328
3.25%, 06/01/50 (Call 12/01/49)(a)		1,501		1,044,697
3.90%, 06/01/27 (Call 05/01/27)		625		604,214
4.40%, 06/01/32 (Call 03/01/32)(a)		1,230		1,180,044
5.05%, 06/01/52 (Call 12/01/51)(a)		1,445		1,355,745
5.25%, 06/01/62 (Call 12/01/61)(a)		730		680,002
Pelabuhan Indonesia Persero PT
4.25%, 05/05/25(b)		1,458		1,433,148
5.38%, 05/05/45(b)		522		494,047
President and Fellows of Harvard College
2.52%, 10/15/50 (Call 04/15/50)		315		205,526
3.15%, 07/15/46 (Call 01/15/46)		1,036		775,214
3.30%, 07/15/56 (Call 01/15/56)		380		281,541
3.62%, 10/01/37		513		453,724
3.75%, 11/15/52 (Call 05/15/52)(a)		440		366,903
4.88%, 10/15/40(a)		652		644,007
6.50%, 01/15/39(a)(b)		606		705,177
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)		1,366		1,094,100
2.90%, 10/01/30 (Call 07/01/30)		1,288		1,116,292
3.05%, 10/01/41 (Call 04/01/41)(a)		1,110		782,162
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		1,701		1,518,979
4.00%, 03/18/29 (Call 12/18/28)		985		940,790
4.75%, 05/20/32 (Call 02/20/32)(a)		750		736,414
Rockefeller Foundation (The), Series 2020,
2.49%, 10/01/50 (Call 04/01/50)(a)		1,151		730,214
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)(a)		903		720,972
2.30%, 08/15/60 (Call 02/15/60)(a)		821		443,457
2.45%, 03/01/27 (Call 02/01/27)		1,085		1,011,494
2.50%, 12/01/29 (Call 09/01/29)(a)		737		649,441
2.70%, 03/01/29 (Call 01/01/29)		1,657		1,500,090
2.90%, 03/01/32 (Call 12/01/31)		1,810		1,560,414
2.95%, 01/22/27 (Call 10/22/26)		865		820,838
3.25%, 12/01/49 (Call 06/01/49)(a)		809		578,505
3.70%, 03/01/52 (Call 09/01/51)(a)		1,465		1,134,654
3.90%, 03/01/62 (Call 09/01/61)		675		525,174
4.25%, 05/01/29 (Call 02/01/29)(a)		1,334		1,293,401
4.50%, 05/15/48 (Call 11/15/47)(a)		295		246,624
4.75%, 08/01/28 (Call 05/01/28)(a)		1,709		1,703,631
5.25%, 09/15/33 (Call 06/15/33)(b)		285		288,297
6.55%, 11/15/37(a)		75		81,609
Sodexo Inc.
1.63%, 04/16/26 (Call 03/16/26)(b)		1,009		932,221

Security	Par (000)		Value
Commercial Services (continued)
2.72%, 04/16/31 (Call 01/16/31)(b)	$	1,098	$	925,089
Thomas Jefferson University, 3.85%, 11/01/57
(Call 05/01/57)		170		127,299
Transurban Finance Co. Pty. Ltd.
2.45%, 03/16/31 (Call 12/16/30)(b)		1,284		1,065,057
3.38%, 03/22/27 (Call 12/22/26)(a)(b)		546		514,377
4.13%, 02/02/26 (Call 11/02/25)(b)		1,210		1,179,727
Triton Container International Ltd.
2.05%, 04/15/26 (Call 03/15/26)(b)		1,115		1,021,998
3.15%, 06/15/31 (Call 03/15/31)(a)(b)		1,020		802,915
Triton Container International Ltd./TAL
International Container Corp.,
3.25%, 03/15/32 (Call 12/15/31)		930		738,321
Trustees of Boston College
3.13%, 07/01/52(a)		451		327,372
3.99%, 07/01/47		280		227,141
Trustees of Boston University, Series CC,
4.06%, 10/01/48 (Call 04/01/48)(a)		755		643,117
Trustees of Dartmouth College,
3.47%, 06/01/46(a)		895		698,611
Trustees of Princeton University (The)
4.20%, 03/01/52 (Call 09/01/51)		60		54,349
5.70%, 03/01/39(a)		1,004		1,098,193
Series 2020, 2.52%, 07/01/50
(Call 01/01/50)(a)		310		208,476
Trustees of the University of Pennsylvania (The)
3.61%, 02/15/2119 (Call 08/15/2118)(a)		382		265,722
4.67%, 09/01/2112		265		234,533
Series 2020, 2.40%, 10/01/50
(Call 04/01/50)		345		214,312
Trustees of Tufts College
3.10%, 08/15/51 (Call 02/15/51)		50		36,491
Series 2012, 5.02%, 04/15/2112		135		116,972
UL Solutions Inc., 6.50%, 10/20/28
(Call 09/20/28)(a)(b)		350		361,561
United Rentals North America Inc.,
6.00%, 12/15/29 (Call 12/15/25)(b)		585		585,536
University of Chicago (The)
3.00%, 10/01/52 (Call 04/01/52)(a)		231		164,273
4.00%, 10/01/53 (Call 04/01/53)		480		397,985
Series 20B, 2.76%, 04/01/45 (Call 10/01/44)		599		466,622
Series C, 2.55%, 04/01/50 (Call 10/01/49)(a)		415		280,758
University of Miami, 4.06%, 04/01/52		505		425,167
University of Notre Dame du Lac
Series 2015, 3.44%, 02/15/45		818		656,835
Series 2017, 3.39%, 02/15/48
(Call 08/15/47)		763		594,843
University of Southern California
2.81%, 10/01/50 (Call 04/01/50)		550		377,596
3.03%, 10/01/39(a)		1,226		990,753
4.98%, 10/01/53 (Call 04/01/53)(a)		80		80,168
5.25%, 10/01/2111(a)		235		231,784
Series 2017, 3.84%, 10/01/47
(Call 04/01/47)(a)		720		601,983
Series 21A, 2.95%, 10/01/51
(Call 04/01/51)(a)		790		550,505
Series A, 3.23%, 10/01/2120
(Call 04/01/2120)		25		15,241
Verisk Analytics Inc.
3.63%, 05/15/50 (Call 11/15/49)		899		659,932
4.00%, 06/15/25 (Call 03/15/25)		1,167		1,146,346

58 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
4.13%, 03/15/29 (Call 12/15/28)	$	1,259	$	1,208,646
5.50%, 06/15/45 (Call 12/15/44)(a)		264		251,975
5.75%, 04/01/33 (Call 01/01/33)		590		609,225
Washington University (The)
3.52%, 04/15/54 (Call 10/15/53)(a)		405		317,274
4.35%, 04/15/2122 (Call 10/15/2121)(a)		265		222,417
Wesleyan University, 4.78%, 07/01/2116(a)		360		303,284
William Marsh Rice University
3.57%, 05/15/45		185		149,178
3.77%, 05/15/55(a)		490		391,058
WK Kellogg Foundation Trust, 2.44%, 10/01/50
(Call 04/01/50)(b)		205		125,932
Yale University
Series 2020, 0.87%, 04/15/25
(Call 03/15/25)		405		386,356
Series 2020, 1.48%, 04/15/30
(Call 01/15/30)		810		678,638
Series 2020, 2.40%, 04/15/50
(Call 10/15/49)(a)		497		320,886
				151,221,807
Computers — 1.9%
Amdocs Ltd., 2.54%, 06/15/30 (Call 03/15/30)		1,275		1,082,230
Apple Inc.
0.55%, 08/20/25 (Call 07/20/25)		1,490		1,400,823
0.70%, 02/08/26 (Call 01/08/26)(a)		3,315		3,064,438
1.13%, 05/11/25 (Call 04/11/25)		2,556		2,440,458
1.20%, 02/08/28 (Call 12/08/27)		3,150		2,767,810
1.25%, 08/20/30 (Call 05/20/30)(a)		2,667		2,160,137
1.40%, 08/05/28 (Call 06/05/28)		3,050		2,666,153
1.65%, 05/11/30 (Call 02/11/30)		2,315		1,937,099
1.65%, 02/08/31 (Call 11/08/30)		3,430		2,822,836
1.70%, 08/05/31 (Call 05/05/31)		1,365		1,111,845
2.05%, 09/11/26 (Call 07/11/26)		2,644		2,473,139
2.20%, 09/11/29 (Call 06/11/29)		1,296		1,145,737
2.38%, 02/08/41 (Call 08/08/40)(a)		2,078		1,461,690
2.40%, 08/20/50 (Call 02/20/50)(a)		1,626		1,013,783
2.45%, 08/04/26 (Call 05/04/26)		3,245		3,071,165
2.55%, 08/20/60 (Call 02/20/60)(a)		1,906		1,171,576
2.65%, 05/11/50 (Call 11/11/49)		3,313		2,157,233
2.65%, 02/08/51 (Call 08/08/50)		3,879		2,501,818
2.70%, 08/05/51 (Call 02/05/51)		2,510		1,633,979
2.80%, 02/08/61 (Call 08/08/60)		2,269		1,441,919
2.85%, 08/05/61 (Call 02/05/61)		1,990		1,266,949
2.90%, 09/12/27 (Call 06/12/27)		2,686		2,534,468
2.95%, 09/11/49 (Call 03/11/49)		1,982		1,385,830
3.00%, 06/20/27 (Call 03/20/27)		2,000		1,897,577
3.00%, 11/13/27 (Call 08/13/27)(a)		2,005		1,896,662
3.20%, 05/13/25		2,292		2,244,219
3.20%, 05/11/27 (Call 02/11/27)		2,556		2,440,101
3.25%, 02/23/26 (Call 11/23/25)		4,186		4,061,209
3.25%, 08/08/29 (Call 06/08/29)		1,505		1,407,125
3.35%, 02/09/27 (Call 11/09/26)		2,680		2,578,289
3.35%, 08/08/32 (Call 05/08/32)		1,700		1,543,654
3.45%, 02/09/45		2,953		2,343,038
3.75%, 09/12/47 (Call 03/12/47)		1,350		1,100,795
3.75%, 11/13/47 (Call 05/13/47)		1,703		1,385,213
3.85%, 05/04/43		3,729		3,191,804
3.85%, 08/04/46 (Call 02/04/46)		2,713		2,261,448
3.95%, 08/08/52 (Call 02/08/52)		2,385		1,985,816
4.00%, 05/10/28 (Call 04/10/28)		1,755		1,717,040
4.10%, 08/08/62 (Call 02/08/62)		1,700		1,423,550

Security	Par (000)		Value
Computers (continued)
4.15%, 05/10/30 (Call 03/10/30)(a)	$	855	$	839,499
4.25%, 02/09/47 (Call 08/09/46)		1,079		970,862
4.30%, 05/10/33 (Call 02/10/33)(a)		1,225		1,211,929
4.38%, 05/13/45		2,596		2,369,913
4.45%, 05/06/44(a)		1,029		962,557
4.50%, 02/23/36 (Call 08/23/35)(a)		1,560		1,533,599
4.65%, 02/23/46 (Call 08/23/45)		4,994		4,720,325
4.85%, 05/10/53 (Call 11/10/52)(a)		1,540		1,505,377
Booz Allen Hamilton Inc.
3.88%, 09/01/28 (Call 04/01/24)(b)		95		88,148
4.00%, 07/01/29 (Call 07/01/24)(a)(b)		590		544,653
5.95%, 08/04/33 (Call 05/04/33)		447		458,518
CGI Inc.
1.45%, 09/14/26 (Call 08/14/26)(a)		1,155		1,046,670
2.30%, 09/14/31 (Call 06/14/31)		770		615,227
Dell Inc.
5.40%, 09/10/40		657		632,161
6.50%, 04/15/38(a)		829		865,305
7.10%, 04/15/28		710		761,574
Dell International LLC/EMC Corp.
3.38%, 12/15/41 (Call 06/15/41)		1,631		1,192,198
3.45%, 12/15/51 (Call 06/15/51)		1,256		862,469
4.90%, 10/01/26 (Call 08/01/26)		2,326		2,304,677
5.25%, 02/01/28 (Call 01/01/28)		1,470		1,481,006
5.30%, 10/01/29 (Call 07/01/29)		1,418		1,421,325
5.75%, 02/01/33 (Call 11/01/32)(a)		1,140		1,173,521
5.85%, 07/15/25 (Call 06/15/25)		1,310		1,315,785
6.02%, 06/15/26 (Call 03/15/26)		2,424		2,450,589
6.10%, 07/15/27 (Call 05/15/27)(a)		1,006		1,033,062
6.20%, 07/15/30 (Call 04/15/30)		1,512		1,582,325
8.10%, 07/15/36 (Call 01/15/36)(a)		1,103		1,323,158
8.35%, 07/15/46 (Call 01/15/46)		539		681,929
DXC Technology Co.
1.80%, 09/15/26 (Call 08/15/26)		1,130		1,025,940
2.38%, 09/15/28 (Call 07/15/28)(a)		1,040		897,012
Fortinet Inc.
1.00%, 03/15/26 (Call 02/15/26)		919		843,230
2.20%, 03/15/31 (Call 12/15/30)		987		816,955
Genpact Luxembourg SARL/Genpact USA Inc.,
1.75%, 04/10/26 (Call 03/10/26)		824		746,394
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)(a)		1,386		1,287,772
4.90%, 10/15/25 (Call 07/15/25)(a)		2,825		2,805,706
5.25%, 07/01/28 (Call 06/01/28)(a)		1,050		1,051,321
6.10%, 04/01/26 (Call 04/01/24)		300		300,140
6.20%, 10/15/35 (Call 04/15/35)		1,205		1,258,854
6.35%, 10/15/45 (Call 04/15/45)		2,004		2,070,977
HP Inc.
1.45%, 06/17/26 (Call 05/17/26)		721		662,485
2.20%, 06/17/25 (Call 05/17/25)(a)		1,581		1,517,818
2.65%, 06/17/31 (Call 03/17/31)(a)		1,475		1,233,619
3.00%, 06/17/27 (Call 04/17/27)		1,587		1,482,124
3.40%, 06/17/30 (Call 03/17/30)(a)		333		300,088
4.00%, 04/15/29 (Call 02/15/29)(a)		1,315		1,252,854
4.20%, 04/15/32 (Call 01/15/32)		840		775,319
4.75%, 01/15/28 (Call 12/15/27)		1,450		1,435,649
5.50%, 01/15/33 (Call 10/15/32)(a)		1,655		1,660,077
6.00%, 09/15/41(a)		1,710		1,753,138
IBM International Capital Pte Ltd.
4.60%, 02/05/27 (Call 01/05/27)		900		888,763
4.60%, 02/05/29 (Call 01/05/29)		925		906,951

S C H E D U L E  O F  I N V E S T M E N T S 59

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Computers (continued)
4.70%, 02/05/26	$	900	$	892,659
4.75%, 02/05/31 (Call 12/05/30)		975		949,428
4.90%, 02/05/34 (Call 11/05/33)		900		875,323
5.25%, 02/05/44 (Call 08/05/43)		900		861,946
5.30%, 02/05/54 (Call 08/05/53)		1,800		1,727,421
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)		2,152		1,942,969
1.95%, 05/15/30 (Call 02/15/30)		2,020		1,690,808
2.20%, 02/09/27 (Call 01/09/27)		968		895,257
2.72%, 02/09/32 (Call 11/09/31)(a)		565		489,512
2.85%, 05/15/40 (Call 11/15/39)(a)		1,014		739,118
2.95%, 05/15/50 (Call 11/15/49)(a)		1,162		768,610
3.30%, 05/15/26(a)		3,304		3,180,349
3.30%, 01/27/27		99		94,635
3.43%, 02/09/52 (Call 08/09/51)		535		382,107
3.45%, 02/19/26(a)		1,936		1,878,137
3.50%, 05/15/29(a)		3,406		3,182,818
4.00%, 07/27/25		635		625,080
4.00%, 06/20/42(a)		1,583		1,316,912
4.15%, 07/27/27 (Call 06/27/27)		1,125		1,096,946
4.15%, 05/15/39		2,729		2,380,042
4.25%, 05/15/49		3,343		2,805,461
4.40%, 07/27/32 (Call 04/27/32)(a)		1,085		1,036,207
4.50%, 02/06/26(a)		975		966,357
4.50%, 02/06/28 (Call 01/06/28)(a)		1,175		1,158,567
4.70%, 02/19/46(a)		935		840,716
4.75%, 02/06/33 (Call 11/06/32)(a)		1,145		1,117,919
4.90%, 07/27/52 (Call 01/27/52)		1,105		1,027,963
5.10%, 02/06/53 (Call 08/06/52)		910		868,051
5.60%, 11/30/39(a)		1,025		1,055,324
5.88%, 11/29/32(a)		863		914,707
6.22%, 08/01/27		1,027		1,072,580
6.50%, 01/15/28(a)		663		700,810
7.00%, 10/30/25(a)		1,581		1,631,454
7.13%, 12/01/96(a)		350		438,746
Kyndryl Holdings Inc.
2.05%, 10/15/26 (Call 09/15/26)(a)		570		520,457
2.70%, 10/15/28 (Call 08/15/28)(a)		877		768,374
3.15%, 10/15/31 (Call 07/15/31)(a)		1,130		931,883
4.10%, 10/15/41 (Call 04/15/41)		792		592,407
6.35%, 02/20/34 (Call 11/20/33)		200		201,871
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)		1,042		854,047
3.63%, 05/15/25 (Call 04/15/25)		652		636,960
4.38%, 05/15/30 (Call 02/15/30)		765		719,846
5.75%, 03/15/33 (Call 12/15/32)		35		35,571
Lenovo Group Ltd.
3.42%, 11/02/30 (Call 08/02/30)(b)		385		334,924
5.83%, 01/27/28 (Call 12/27/27)(b)		250		252,158
6.54%, 07/27/32 (Call 04/27/32)(b)		15		15,730
NetApp Inc.
1.88%, 06/22/25 (Call 05/22/25)		1,082		1,033,015
2.38%, 06/22/27 (Call 04/22/27)(a)		945		866,115
2.70%, 06/22/30 (Call 03/22/30)		1,340		1,150,293
Teledyne FLIR LLC, 2.50%, 08/01/30
(Call 05/01/30)		1,048		884,503
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		325		273,714
3.10%, 02/01/32 (Call 11/01/31)		270		211,329

Security	Par (000)		Value
Computers (continued)
Wipro IT Services LLC, 1.50%, 06/23/26
(Call 05/23/26)(b)	$	1,100	$	1,009,861
				194,010,199
Cosmetics & Personal Care — 0.6%
Colgate-Palmolive Co.
3.10%, 08/15/25		445		433,851
3.10%, 08/15/27 (Call 07/15/27)		450		429,776
3.25%, 08/15/32 (Call 05/15/32)		1,152		1,034,032
3.70%, 08/01/47 (Call 02/01/47)(a)		857		708,374
4.00%, 08/15/45		876		767,724
4.60%, 03/01/28 (Call 02/01/28)(a)		356		358,701
4.60%, 03/01/33 (Call 12/01/32)		461		457,269
4.80%, 03/02/26		641		642,538
Conopco Inc.
Series E, 7.25%, 12/15/26		585		618,997
Series F, 6.63%, 04/15/28		150		160,401
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)		950		779,443
2.38%, 12/01/29 (Call 09/01/29)		1,077		941,394
2.60%, 04/15/30 (Call 01/15/30)(a)		1,005		878,901
3.13%, 12/01/49 (Call 06/01/49)		1,159		792,258
3.15%, 03/15/27 (Call 12/15/26)		895		853,213
3.70%, 08/15/42		542		409,784
4.15%, 03/15/47 (Call 09/15/46)		762		625,691
4.38%, 05/15/28 (Call 04/15/28)		435		427,748
4.38%, 06/15/45 (Call 12/15/44)		709		607,562
4.65%, 05/15/33 (Call 02/15/33)(a)		125		121,245
5.00%, 02/14/34 (Call 11/14/33)		450		442,122
5.15%, 05/15/53 (Call 11/15/52)		329		316,065
6.00%, 05/15/37		666		710,752
Haleon U.K. Capital PLC, 3.13%, 03/24/25		2,080		2,028,401
Haleon U.S. Capital LLC
3.38%, 03/24/27 (Call 02/24/27)		2,920		2,773,573
3.38%, 03/24/29 (Call 01/24/29)		498		460,210
3.63%, 03/24/32 (Call 12/24/31)		2,795		2,503,775
4.00%, 03/24/52 (Call 09/24/51)		1,520		1,213,941
Kenvue Inc.
4.90%, 03/22/33 (Call 12/22/32)(a)		1,730		1,710,297
5.00%, 03/22/30 (Call 01/22/30)		1,555		1,559,522
5.05%, 03/22/28 (Call 02/22/28)		1,565		1,574,968
5.05%, 03/22/53 (Call 09/22/52)(a)		2,139		2,059,954
5.10%, 03/22/43 (Call 09/22/42)(a)		1,110		1,084,778
5.20%, 03/22/63 (Call 09/22/62)		1,044		1,011,472
5.35%, 03/22/26 (Call 02/22/26)		1,680		1,690,912
Procter & Gamble Co. (The)
0.55%, 10/29/25		1,363		1,270,896
1.00%, 04/23/26		1,435		1,328,297
1.20%, 10/29/30		1,392		1,120,710
1.90%, 02/01/27		330		305,714
1.95%, 04/23/31		1,720		1,447,596
2.30%, 02/01/32(a)		1,230		1,050,746
2.45%, 11/03/26		1,311		1,239,404
2.70%, 02/02/26		901		867,645
2.80%, 03/25/27		914		865,367
2.85%, 08/11/27		1,117		1,055,140
3.00%, 03/25/30		2,095		1,917,226
3.50%, 10/25/47		600		479,254
3.55%, 03/25/40		873		748,088
3.60%, 03/25/50		770		632,223
3.95%, 01/26/28(a)		1,025		1,007,436
4.05%, 01/26/33(a)		905		871,529

60 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
4.10%, 01/26/26(a)	$	905	$	894,638
4.35%, 01/29/29		660		654,127
4.55%, 01/29/34		685		675,369
5.50%, 02/01/34(a)		297		315,511
5.55%, 03/05/37		557		597,948
5.80%, 08/15/34		375		412,214
Unilever Capital Corp.
1.38%, 09/14/30 (Call 06/14/30)		860		694,903
1.75%, 08/12/31 (Call 05/12/31)		1,685		1,357,124
2.00%, 07/28/26(a)		995		931,666
2.13%, 09/06/29 (Call 06/06/29)		1,350		1,175,869
2.90%, 05/05/27 (Call 02/05/27)		1,530		1,447,075
3.10%, 07/30/25		815		794,972
3.38%, 03/22/25 (Call 01/22/25)		505		494,827
3.50%, 03/22/28 (Call 12/22/27)		1,980		1,893,978
4.88%, 09/08/28 (Call 08/08/28)		680		685,060
5.00%, 12/08/33 (Call 09/08/33)(a)		730		731,138
5.90%, 11/15/32		1,239		1,320,551
Series 30Y, 2.63%, 08/12/51 (Call 02/12/51)(a)		1,245		802,933
				65,276,818
Distribution & Wholesale — 0.1%
Ferguson Finance PLC
3.25%, 06/02/30 (Call 03/02/30)(a)(b)		983		877,358
4.25%, 04/20/27 (Call 03/20/27)(b)		280		272,149
4.50%, 10/24/28 (Call 07/24/28)(a)(b)		1,410		1,374,731
4.65%, 04/20/32 (Call 01/20/32)(b)		515		491,149
LKQ Corp.
5.75%, 06/15/28 (Call 05/15/28)		780		788,226
6.25%, 06/15/33 (Call 03/15/33)		825		847,826
Mitsubishi Corp.
1.13%, 07/15/26 (Call 06/15/26)(b)		840		763,988
5.00%, 07/05/28 (Call 06/05/28)(b)		750		750,637
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		460		369,682
4.20%, 05/15/47 (Call 11/15/46)(a)		401		344,582
4.60%, 06/15/45 (Call 12/15/44)(a)		963		881,126
				7,761,454
Diversified Financial Services — 3.2%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
1.75%, 01/30/26 (Call 12/30/25)		1,340		1,244,923
2.45%, 10/29/26 (Call 09/29/26)		3,380		3,117,681
3.00%, 10/29/28 (Call 08/29/28)		4,730		4,250,218
3.30%, 01/30/32 (Call 10/30/31)		5,095		4,308,755
3.40%, 10/29/33 (Call 07/29/33)		1,955		1,624,170
3.65%, 07/21/27 (Call 04/21/27)		1,417		1,333,347
3.85%, 10/29/41 (Call 04/29/41)		1,710		1,327,539
3.88%, 01/23/28 (Call 10/23/27)		1,048		987,084
4.45%, 10/01/25 (Call 08/01/25)		535		524,682
4.45%, 04/03/26 (Call 02/03/26)		1,040		1,019,006
4.63%, 10/15/27 (Call 08/15/27)		878		850,663
5.10%, 01/19/29 (Call 12/19/28)(a)		1,015		997,696
5.30%, 01/19/34 (Call 10/19/33)(a)		1,030		993,580
5.75%, 06/06/28 (Call 05/06/28)(a)		1,125		1,133,142
6.10%, 01/15/27 (Call 12/15/26)		525		531,560
6.15%, 09/30/30 (Call 07/30/30)(a)		850		877,996
6.45%, 04/15/27 (Call 03/15/27)(a)(b)		645		660,196
6.50%, 07/15/25 (Call 06/15/25)(a)		1,590		1,604,906

Security	Par (000)		Value
Diversified Financial Services (continued)
Affiliated Managers Group Inc.
3.30%, 06/15/30 (Call 03/15/30)(a)	$	722	$	635,074
3.50%, 08/01/25		345		335,319
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)(a)		1,440		1,322,296
2.10%, 09/01/28 (Call 07/01/28)		767		665,426
2.20%, 01/15/27 (Call 12/15/26)		1,272		1,166,152
2.88%, 01/15/26 (Call 12/15/25)		334		318,514
2.88%, 01/15/32 (Call 10/15/31)(a)		1,000		830,158
3.00%, 02/01/30 (Call 11/01/29)		1,085		944,679
3.13%, 12/01/30 (Call 09/01/30)		1,159		998,999
3.25%, 03/01/25 (Call 01/01/25)		763		744,907
3.25%, 10/01/29 (Call 07/01/29)(a)		790		702,642
3.38%, 07/01/25 (Call 06/01/25)(a)		1,226		1,190,870
3.63%, 04/01/27 (Call 01/01/27)(a)		923		867,258
3.63%, 12/01/27 (Call 09/01/27)		605		568,463
3.75%, 06/01/26 (Call 04/01/26)		218		210,023
4.63%, 10/01/28 (Call 07/01/28)		760		734,219
5.10%, 03/01/29 (Call 02/01/29)(a)		625		615,214
5.30%, 02/01/28 (Call 01/01/28)(a)		800		796,167
5.85%, 12/15/27 (Call 11/15/27)(a)		240		242,974
AIR Lease Corp. Sukuk Ltd., 5.85%, 04/01/28 (Call 03/01/28)(b)		285		284,319
Aircastle Ltd.
2.85%, 01/26/28 (Call 11/26/27)(a)(b)		587		522,133
4.25%, 06/15/26 (Call 04/15/26)		1,310		1,269,980
5.25%, 08/11/25 (Call 07/11/25)(b)		917		906,410
5.95%, 02/15/29 (Call 01/15/29)(a)(b)		625		617,416
6.50%, 07/18/28 (Call 06/18/28)(b)		695		702,142
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		1,320		1,122,504
4.63%, 03/30/25(a)		524		518,238
4.75%, 06/09/27 (Call 05/09/27)(a)		1,030		1,000,453
5.80%, 05/01/25 (Call 04/01/25)(a)		887		885,601
6.85%, 01/03/30 (Call 01/03/29), (1-day SOFR + 2.282%)(a)(d)		1,070		1,093,568
6.99%, 06/13/29 (Call 06/13/28), (1-day SOFR + 3.260%)(d)		664		682,197
7.10%, 11/15/27 (Call 10/15/27)(a)		1,009		1,050,598
8.00%, 11/01/31		3,270		3,582,929
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)(a)		1,550		1,417,855
2.25%, 03/04/25 (Call 02/01/25)		1,065		1,031,362
2.55%, 03/04/27 (Call 02/01/27)		2,883		2,675,719
3.13%, 05/20/26 (Call 04/20/26)		1,533		1,472,580
3.30%, 05/03/27 (Call 04/03/27)		2,614		2,477,834
3.95%, 08/01/25 (Call 07/01/25)		3,120		3,065,255
4.05%, 05/03/29 (Call 03/03/29)		1,210		1,170,892
4.05%, 12/03/42		1,350		1,162,874
4.20%, 11/06/25 (Call 10/06/25)(a)		968		955,288
4.42%, 08/03/33 (Call 08/03/32), (1-day SOFR + 1.760%)(a)(d)		2,105		1,994,670
4.90%, 02/13/26 (Call 01/13/26)		1,757		1,751,384
4.99%, 05/01/26 (Call 05/01/25), (1-day SOFR + 1.000%)(d)		1,645		1,635,348
4.99%, 05/26/33 (Call 02/26/32), (1-day SOFR + 2.255%)(d)		1,036		1,006,765
5.04%, 05/01/34 (Call 05/01/33), (1-day SOFR + 1.835%)(a)(d)		1,995		1,958,026
5.10%, 02/16/28 (Call 02/16/27), (1-day SOFR + 1.000%)(d)		880		876,682

S C H E D U L E  O F  I N V E S T M E N T S 61

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
5.28%, 07/27/29 (Call 07/27/28), (1-day SOFR + 1.280%)(d)	$	1,410	$	1,417,205
5.39%, 07/28/27 (Call 07/28/26), (1-day SOFR + 0.970%)(a)(d)		760		762,096
5.63%, 07/28/34 (Call 07/28/33), (1-day SOFR + 1.930%)(d)		215		216,674
5.85%, 11/05/27 (Call 10/05/27)		1,935		1,986,671
6.34%, 10/30/26 (Call 10/30/25), (1-day SOFR + 1.330%)(d)		1,830		1,857,846
6.49%, 10/30/31 (Call 10/30/30), (1-day SOFR + 1.940%)(d)		1,040		1,107,926
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)		460		436,727
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		761		722,244
3.00%, 04/02/25 (Call 03/02/25)		579		564,261
4.50%, 05/13/32 (Call 02/13/32)		655		629,465
5.15%, 05/15/33 (Call 02/15/33)		1,105		1,104,936
5.70%, 12/15/28 (Call 11/15/28)		695		714,736
Andrew W Mellon Foundation (The), Series 2020, 0.95%, 08/01/27 (Call 06/01/27)		1,035		906,291
Antares Holdings LP
2.75%, 01/15/27 (Call 12/15/26)(a)(b)		605		539,022
3.75%, 07/15/27 (Call 06/15/27)(a)(b)		510		460,360
3.95%, 07/15/26 (Call 06/15/26)(b)		570		530,529
Apollo Global Management Inc., 6.38%, 11/15/33 (Call 08/15/33)		445		477,751
Ares Finance Co. II LLC, 3.25%, 06/15/30 (Call 03/15/30)(a)(b)		835		729,141
Ares Finance Co. III LLC, 4.13%, 06/30/51 (Call 06/30/26), (5-year CMT + 3.237%)(b)(d)		975		880,815
Ares Finance Co. IV LLC, 3.65%, 02/01/52 (Call 08/01/51)(a)(b)		160		110,607
Ares Management Corp., 6.38%, 11/10/28 (Call 10/10/28)(a)		90		93,790
Aviation Capital Group LLC
1.95%, 01/30/26 (Call 12/30/25)(b)		965		896,922
1.95%, 09/20/26 (Call 08/20/26)(a)(b)		1,357		1,234,767
3.50%, 11/01/27 (Call 07/01/27)(b)		925		853,126
4.13%, 08/01/25 (Call 06/01/25)(b)		640		621,780
4.88%, 10/01/25 (Call 07/01/25)(b)		434		425,275
6.25%, 04/15/28 (Call 03/15/28)(b)		835		847,308
6.38%, 07/15/30 (Call 05/15/30)(a)(b)		1,074		1,095,074
6.75%, 10/25/28 (Call 09/25/28)(b)		710		735,726
Avolon Holdings Funding Ltd.
2.13%, 02/21/26 (Call 01/21/26)(a)(b)		1,052		976,125
2.53%, 11/18/27 (Call 10/18/27)(a)(b)		3,058		2,707,035
2.75%, 02/21/28 (Call 12/21/27)(b)		1,250		1,111,755
3.25%, 02/15/27 (Call 12/15/26)(b)		1,200		1,108,767
4.25%, 04/15/26 (Call 03/15/26)(b)		1,475		1,422,237
4.38%, 05/01/26 (Call 03/01/26)(b)		1,185		1,143,398
5.50%, 01/15/26 (Call 12/15/25)(b)		849		840,219
5.75%, 03/01/29 (Call 02/01/29)(b)		1,103		1,087,087
6.38%, 05/04/28 (Call 04/04/28)(a)(b)		400		405,901
BGC Group Inc. 4.38%, 12/15/25 (Call 09/15/25)		650		627,492
8.00%, 05/25/28 (Call 04/25/28)(a)		435		459,998
Blackstone Holdings Finance Co. LLC
1.60%, 03/30/31 (Call 12/30/30)(b)		658		509,521
1.63%, 08/05/28 (Call 06/05/28)(a)(b)		518		448,605
2.00%, 01/30/32 (Call 10/30/31)(b)		1,093		847,987

Security	Par (000)		Value
Diversified Financial Services (continued)
2.50%, 01/10/30 (Call 10/10/29)(b)	$	763	$	654,121
2.55%, 03/30/32 (Call 12/30/31)(a)(b)		645		525,589
2.80%, 09/30/50 (Call 03/30/50)(b)		217		131,836
2.85%, 08/05/51 (Call 02/05/51)(a)(b)		620		384,811
3.15%, 10/02/27 (Call 07/02/27)(a)(b)		487		455,129
3.20%, 01/30/52 (Call 07/30/51)(a)(b)		1,170		787,954
3.50%, 09/10/49 (Call 03/10/49)(a)(b)		755		533,357
4.00%, 10/02/47 (Call 04/02/47)(a)(b)		629		476,412
4.45%, 07/15/45(b)		350		288,723
5.00%, 06/15/44(b)		341		307,962
5.90%, 11/03/27 (Call 10/03/27)(a)(b)		790		807,339
6.20%, 04/22/33 (Call 01/22/33)(b)		1,270		1,326,800
6.25%, 08/15/42(a)(b)		546		561,391
Blue Owl Credit Income Corp., 7.95%, 06/13/28 (Call 05/13/28)(b)		225		232,150
Blue Owl Finance LLC
3.13%, 06/10/31 (Call 03/10/31)(b)		753		623,505
4.13%, 10/07/51 (Call 04/07/51)(a)(b)		520		349,661
4.38%, 02/15/32 (Call 11/15/31)(a)(b)		635		557,016
BOC Aviation Ltd.
2.63%, 09/17/30 (Call 06/17/30)(a)(b)		680		578,632
3.00%, 09/11/29 (Call 06/11/29)(a)(b)		901		805,818
3.25%, 04/29/25 (Call 03/29/25)(b)		522		507,024
3.50%, 09/18/27 (Call 06/18/27)(a)(b)		1,090		1,023,870
3.88%, 04/27/26 (Call 01/27/26)(b)		1,300		1,257,568
BOC Aviation USA Corp.
4.88%, 05/03/33 (Call 02/03/33)(a)(b)		855		833,646
5.75%, 11/09/28 (Call 10/09/28)(b)		1,465		1,497,983
Brookfield Capital Finance LLC, 6.09%, 06/14/33 (Call 03/14/33)		194		200,675
Brookfield Finance I U.K. PLC/Brookfield Finance Inc., 2.34%, 01/30/32 (Call 10/30/31)		1,495		1,199,610
Brookfield Finance Inc.
2.72%, 04/15/31 (Call 01/15/31)		880		739,479
3.50%, 03/30/51 (Call 09/30/50)		610		432,768
3.63%, 02/15/52 (Call 08/15/51)(a)		430		305,951
3.90%, 01/25/28 (Call 10/25/27)		1,419		1,361,279
4.25%, 06/02/26 (Call 03/02/26)(a)		907		890,628
4.35%, 04/15/30 (Call 01/15/30)		1,189		1,127,109
4.70%, 09/20/47 (Call 03/20/47)(a)		1,213		1,032,279
4.85%, 03/29/29 (Call 12/29/28)		1,641		1,618,202
5.97%, 03/04/54 (Call 09/04/53)		315		317,474
6.35%, 01/05/34 (Call 10/05/33)(a)		650		683,008
Brookfield Finance LLC/Brookfield Finance Inc.,
3.45%, 04/15/50 (Call 10/15/49)(a)		1,244		860,700
Cantor Fitzgerald LP
4.50%, 04/14/27 (Call 01/14/27)(a)(b)		745		705,802
7.20%, 12/12/28 (Call 11/12/28)(b)		850		872,449
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26), (1-day SOFR + 0.855%)(d)		1,841		1,670,968
2.36%, 07/29/32 (Call 07/29/31), (1-day SOFR + 1.337%)(d)		1,659		1,254,173
2.62%, 11/02/32 (Call 11/02/31), (1-day SOFR + 1.265%)(d)		930		744,158
2.64%, 03/03/26 (Call 03/03/25), (1-day SOFR + 1.290%)(a)(d)		1,645		1,595,317
3.27%, 03/01/30 (Call 03/01/29), (1-day SOFR + 1.790%)(a)(d)		1,850		1,648,971
3.65%, 05/11/27 (Call 04/11/27)		1,757		1,673,444

62 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
3.75%, 07/28/26 (Call 06/28/26)	$	1,910	$	1,834,591
3.75%, 03/09/27 (Call 02/09/27)		2,592		2,474,574
3.80%, 01/31/28 (Call 12/31/27)		2,124		2,008,835
4.20%, 10/29/25 (Call 09/29/25)		1,567		1,531,903
4.25%, 04/30/25 (Call 03/31/25)		888		876,004
4.93%, 05/10/28 (Call 05/10/27), (1-day SOFR +  2.057%)(d)		1,240		1,213,232
4.99%, 07/24/26 (Call 07/24/25), (1-day SOFR +  2.160%)(a)(d)		1,740		1,724,110
5.25%, 07/26/30 (Call 07/26/29), (1-day SOFR +  2.600%)(d)		860		838,598
5.27%, 05/10/33 (Call 05/10/32), (1-day SOFR + 2.370%)(a)(d)		1,898		1,843,741
5.47%, 02/01/29 (Call 02/01/28), (1-day SOFR +  2.080%)(d)		1,205		1,198,337
5.70%, 02/01/30 (Call 02/01/29), (1-day SOFR +  1.905%)(a)(d)		375		375,843
5.82%, 02/01/34 (Call 02/01/33), (1-day SOFR +  2.600%)(a)(d)		1,970		1,947,867
6.05%, 02/01/35 (Call 02/01/34), (1-day SOFR +  2.260%)(a)(d)		425		429,259
6.31%, 06/08/29 (Call 06/08/28), (1-day SOFR +  2.640%)(d)		1,375		1,407,495
6.38%, 06/08/34 (Call 06/08/33), (1-day SOFR +  2.860%)(d)		1,495		1,540,444
7.15%, 10/29/27 (Call 10/29/26), (1-day SOFR +  2.440%)(a)(d)		600		621,932
7.62%, 10/30/31 (Call 10/30/30), (1-day SOFR +  3.070%)(d)		620		678,492
Cboe Global Markets Inc.
1.63%, 12/15/30 (Call 09/15/30)(a)		663		537,911
3.00%, 03/16/32 (Call 12/16/31)(a)		600		517,392
3.65%, 01/12/27 (Call 10/12/26)(a)		1,340		1,297,613
Charles Schwab Corp. (The)
0.90%, 03/11/26 (Call 02/11/26)(a)		1,847		1,694,057
1.15%, 05/13/26 (Call 04/13/26)		1,540		1,412,727
1.65%, 03/11/31 (Call 12/11/30)		1,024		812,207
1.95%, 12/01/31 (Call 09/01/31)(a)		1,637		1,299,962
2.00%, 03/20/28 (Call 01/20/28)(a)		1,900		1,685,379
2.30%, 05/13/31 (Call 02/13/31)		1,350		1,118,309
2.45%, 03/03/27 (Call 02/03/27)(a)		1,265		1,172,569
2.75%, 10/01/29 (Call 07/01/29)		497		441,044
2.90%, 03/03/32 (Call 12/03/31)		1,530		1,297,542
3.00%, 03/10/25 (Call 12/10/24)		717		700,047
3.20%, 03/02/27 (Call 12/02/26)		1,265		1,200,574
3.20%, 01/25/28 (Call 10/25/27)		820		767,978
3.25%, 05/22/29 (Call 02/22/29)		1,095		1,009,764
3.30%, 04/01/27 (Call 01/01/27)(a)		1,184		1,124,705
3.45%, 02/13/26 (Call 11/13/25)		775		749,986
3.63%, 04/01/25 (Call 01/01/25)		576		565,046
3.85%, 05/21/25 (Call 03/21/25)		674		661,369
4.00%, 02/01/29 (Call 11/01/28)(a)		1,204		1,156,385
4.20%, 03/24/25 (Call 02/24/25)		936		924,624
4.63%, 03/22/30 (Call 12/22/29)(a)		560		553,027
5.64%, 05/19/29 (Call 05/19/28), (1-day SOFR +  2.210%)(d)		812		822,258
5.85%, 05/19/34 (Call 05/19/33), (1-day SOFR +  2.500%)(d)		960		974,886
5.88%, 08/24/26 (Call 07/24/26)		1,231		1,250,006
6.14%, 08/24/34 (Call 08/24/33), (1-day SOFR +  2.010%)(d)		1,260		1,305,373

Security	Par (000)		Value
Diversified Financial Services (continued)
6.20%, 11/17/29 (Call 11/17/28), (1-day SOFR + 1.878%)(d)	$	1,414	$	1,459,933
China Cinda Finance 2015 I Ltd., 4.25%, 04/23/25(b)		1,695		1,663,592
CI Financial Corp.
3.20%, 12/17/30 (Call 09/17/30)		1,315		1,048,236
4.10%, 06/15/51 (Call 12/15/50)(a)		1,560		921,301
Citadel Finance LLC, 3.38%, 03/09/26 (Call 02/09/26)(b)		1,315		1,230,356
Citadel LP, 4.88%, 01/15/27 (Call 11/15/26)(a)(b)		733		711,690
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		1,275		1,093,595
3.00%, 03/15/25 (Call 12/15/24)		1,133		1,107,067
3.75%, 06/15/28 (Call 03/15/28)(a)		942		909,680
4.15%, 06/15/48 (Call 12/15/47)(a)		821		706,709
5.30%, 09/15/43 (Call 03/15/43)		1,301		1,314,382
Credit Suisse USA Inc., 7.13%, 07/15/32(a)		1,073		1,197,515
DAE Sukuk Difc Ltd., 3.75%, 02/15/26(b)		595		571,755
Discover Financial Services
3.75%, 03/04/25 (Call 12/04/24)(a)		517		507,182
4.10%, 02/09/27 (Call 11/09/26)		1,393		1,336,015
4.50%, 01/30/26 (Call 11/30/25)		716		704,566
6.70%, 11/29/32 (Call 08/29/32)		1,160		1,214,074
7.96%, 11/02/34 (Call 11/02/33), (1-day SOFR +  3.370%)(d)		1,155		1,293,687
Drawbridge Special Opportunities Fund LP/Drawbridge Special Opportunities Fin, 3.88%, 02/15/26 (Call 12/15/25)(b)		928		860,652
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		581		553,402
Enact Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)(b)		170		170,007
FMR LLC
5.15%, 02/01/43(b)		187		173,028
6.45%, 11/15/39(a)(b)		830		879,598
6.50%, 12/14/40(b)		250		264,502
7.57%, 06/15/29(b)		900		996,640
Franklin Resources Inc.
1.60%, 10/30/30 (Call 07/30/30)(a)		1,107		893,795
2.85%, 03/30/25		719		700,516
2.95%, 08/12/51 (Call 02/12/51)(a)		525		320,931
HPS Corporate Lending Fund, 6.75%, 01/30/29 (Call 12/30/28)(b)		75		74,247
ICBCIL Finance Co. Ltd., 3.63%, 05/19/26(b)		270		260,264
Invesco Finance PLC
3.75%, 01/15/26(a)		917		891,201
5.38%, 11/30/43		395		380,544
Janus Henderson U.S. Holdings Inc., 4.88%, 08/01/25 (Call 05/01/25)(a)		650		642,644
Jefferies Financial Group Inc.
2.63%, 10/15/31 (Call 07/15/31)		1,127		921,883
2.75%, 10/15/32 (Call 07/15/32)		640		516,505
4.15%, 01/23/30		1,196		1,112,759
4.85%, 01/15/27		1,228		1,219,553
5.88%, 07/21/28 (Call 06/21/28)		1,240		1,264,337
6.25%, 01/15/36(a)		745		764,159
6.45%, 06/08/27		592		610,105
6.50%, 01/20/43		559		580,615
6.63%, 10/23/43 (Call 07/23/43)(a)		360		368,175
KKR Group Finance Co. II LLC, 5.50%, 02/01/43 (Call 08/01/42)(a)(b)		1,078		1,025,078

S C H E D U L E  O F  I N V E S T M E N T S 63

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
Lazard Group LLC
3.63%, 03/01/27 (Call 12/01/26)	$	386	$	365,652
4.38%, 03/11/29 (Call 12/11/28)		982		935,026
4.50%, 09/19/28 (Call 06/19/28)		886		849,061
Legg Mason Inc.
4.75%, 03/15/26		1,050		1,043,557
5.63%, 01/15/44(a)		651		653,234
LPL Holdings Inc.
4.00%, 03/15/29 (Call 04/01/24)(a)(b)		340		311,939
4.38%, 05/15/31 (Call 05/15/26)(a)(b)		450		407,050
4.63%, 11/15/27 (Call 03/05/24)(a)(b)		680		652,067
6.75%, 11/17/28 (Call 10/17/28)(a)		240		250,515
LSEGA Financing PLC
1.38%, 04/06/26 (Call 03/06/26)(b)		1,752		1,616,552
2.00%, 04/06/28 (Call 02/06/28)(b)		1,518		1,350,330
2.50%, 04/06/31 (Call 01/06/31)(a)(b)		1,473		1,237,962
3.20%, 04/06/41 (Call 10/06/40)(b)		801		599,119
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		940		780,550
2.00%, 03/03/25 (Call 02/03/25)		986		954,949
2.00%, 11/18/31 (Call 08/18/31)		1,105		907,863
2.95%, 11/21/26 (Call 08/21/26)(a)		780		744,181
2.95%, 06/01/29 (Call 03/01/29)		1,400		1,285,032
2.95%, 03/15/51 (Call 09/15/50)		841		585,699
3.30%, 03/26/27 (Call 01/26/27)		1,673		1,604,898
3.35%, 03/26/30 (Call 12/26/29)(a)		1,905		1,759,830
3.50%, 02/26/28 (Call 11/26/27)		966		929,185
3.65%, 06/01/49 (Call 12/01/48)		1,247		995,115
3.80%, 11/21/46 (Call 05/21/46)		755		621,279
3.85%, 03/26/50 (Call 09/26/49)		2,229		1,841,322
3.95%, 02/26/48 (Call 08/26/47)(a)		580		491,984
4.85%, 03/09/33 (Call 12/09/32)		1,135		1,133,587
4.88%, 03/09/28 (Call 02/09/28)		940		950,505
Mitsubishi HC Capital Inc.
3.64%, 04/13/25 (Call 03/13/25)(a)(b)		943		922,601
5.08%, 09/15/27 (Call 08/15/27)(a)(b)		925		915,671
Mitsubishi HC Finance America LLC
5.66%, 02/28/33 (Call 11/28/32)(a)(b)		730		735,927
5.81%, 09/12/28 (Call 08/12/28)(b)		445		452,507
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)(a)		1,071		852,677
2.50%, 12/21/40 (Call 06/21/40)		834		552,970
3.25%, 04/28/50 (Call 10/28/49)		775		528,191
3.85%, 06/30/26 (Call 03/30/26)		1,068		1,037,138
3.95%, 03/07/52 (Call 09/07/51)		815		620,352
5.35%, 06/28/28 (Call 05/28/28)		1,355		1,368,588
5.55%, 02/15/34 (Call 11/15/33)		1,775		1,787,007
5.65%, 06/28/25		250		250,829
5.95%, 08/15/53 (Call 02/15/53)(a)		1,010		1,038,542
6.10%, 06/28/63 (Call 12/28/62)(a)		645		672,541
Neuberger Berman Group LLC/Neuberger
Berman Finance Corp.
4.50%, 03/15/27 (Call 12/15/26)(b)		653		626,417
4.88%, 04/15/45 (Call 10/15/44)(b)		435		348,753
Nomura Holdings Inc.
1.65%, 07/14/26		1,815		1,661,273
1.85%, 07/16/25		1,942		1,844,336
2.17%, 07/14/28		1,229		1,070,520
2.33%, 01/22/27		1,680		1,541,149
2.61%, 07/14/31		1,580		1,298,939
2.68%, 07/16/30		1,154		975,705

Security	Par (000)		Value
Diversified Financial Services (continued)
2.71%, 01/22/29(a)	$	470	$	414,402
3.00%, 01/22/32		1,225		1,018,828
3.10%, 01/16/30		1,755		1,540,240
5.10%, 07/03/25		1,090		1,079,414
5.39%, 07/06/27		715		713,611
5.61%, 07/06/29		675		678,586
5.71%, 01/09/26		395		395,818
5.84%, 01/18/28		730		739,115
6.07%, 07/12/28		1,300		1,331,553
6.09%, 07/12/33(a)		775		808,811
6.18%, 01/18/33		700		733,698
Nuveen LLC, 4.00%, 11/01/28 (Call 08/01/28)(a)(b)		1,545		1,493,223
ORIX Corp.
2.25%, 03/09/31(a)		885		741,691
3.70%, 07/18/27		520		497,192
4.00%, 04/13/32		665		618,453
5.00%, 09/13/27		425		424,560
5.20%, 09/13/32(a)		660		666,511
Power Finance Corp. Ltd.
3.95%, 04/23/30(a)(b)		971		883,237
6.15%, 12/06/28(a)(b)		980		1,004,201
Radian Group Inc.
4.88%, 03/15/27 (Call 09/15/26)(a)		955		926,433
6.20%, 05/15/29 (Call 02/15/29)		625		626,794
6.63%, 03/15/25 (Call 09/15/24)		900		901,748
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		1,200		891,143
4.65%, 04/01/30 (Call 01/01/30)		967		956,184
4.95%, 07/15/46		894		820,782
REC Ltd., 5.63%, 04/11/28(b)		40		40,082
Stifel Financial Corp., 4.00%, 05/15/30 (Call 02/15/30)		765		691,277
SURA Asset Management SA, 4.38%, 04/11/27(b)		85		81,498
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		1,205		945,929
3.70%, 08/04/26 (Call 05/04/26)(a)		734		692,788
3.95%, 12/01/27 (Call 09/01/27)		1,161		1,075,444
4.50%, 07/23/25 (Call 04/23/25)		1,252		1,223,758
4.88%, 06/13/25 (Call 05/13/25)(a)		795		782,343
5.15%, 03/19/29 (Call 12/19/28)		1,138		1,085,526
USAA Capital Corp.
2.13%, 05/01/30 (Call 02/01/30)(b)		632		522,615
3.38%, 05/01/25(a)(b)		734		716,782
Visa Inc.
0.75%, 08/15/27 (Call 06/15/27)(a)		894		785,237
1.10%, 02/15/31 (Call 11/15/30)		1,614		1,274,977
1.90%, 04/15/27 (Call 02/15/27)(a)		2,093		1,928,414
2.00%, 08/15/50 (Call 02/15/50)(a)		2,402		1,401,384
2.05%, 04/15/30 (Call 01/15/30)		2,208		1,894,272
2.70%, 04/15/40 (Call 10/15/39)		1,443		1,065,518
2.75%, 09/15/27 (Call 06/15/27)		1,170		1,096,249
3.15%, 12/14/25 (Call 09/14/25)		1,904		1,845,958
3.65%, 09/15/47 (Call 03/15/47)		1,477		1,178,410
4.15%, 12/14/35 (Call 06/14/35)(a)		1,649		1,550,089
4.30%, 12/14/45 (Call 06/14/45)		3,657		3,269,456
Voya Financial Inc.
3.65%, 06/15/26		980		940,462
4.70%, 01/23/48 (Call 01/23/28), (3-mo. LIBOR US +  2.084%)(a)(d)		554		464,929

64 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.80%, 06/15/46	$	683	$	579,029
5.70%, 07/15/43		361		350,052
Western Union Co. (The)
1.35%, 03/15/26 (Call 02/15/26)(a)		1,121		1,032,564
2.75%, 03/15/31 (Call 12/15/30)		651		534,646
6.20%, 11/17/36(a)		673		679,410
6.20%, 06/21/40(a)		525		524,217
				336,420,150
Electric — 8.3%
Abu Dhabi National Energy Co. PJSC
2.00%, 04/29/28 (Call 01/29/28)(b)		1,115		989,489
3.40%, 04/29/51 (Call 10/29/50)(a)(b)		1,330		941,108
4.00%, 10/03/49(b)		1,035		825,713
4.38%, 04/23/25(b)		1,408		1,390,400
4.38%, 06/22/26(b)		640		628,372
4.38%, 01/24/29(b)		65		63,208
4.70%, 04/24/33(a)(b)		1,775		1,727,895
4.88%, 04/23/30(b)		467		465,677
6.50%, 10/27/36(a)(b)		1,094		1,225,114
Adani Electricity Mumbai Ltd.
3.87%, 07/22/31 (Call 01/22/31)(b)		300		248,787
3.95%, 02/12/30(b)		362		310,352
Adani Transmission Step-One Ltd.
4.00%, 08/03/26(b)		550		515,735
4.25%, 05/21/36 (Call 11/21/35)(b)		393		334,522
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)		567		390,973
3.80%, 10/01/47 (Call 04/01/47)		502		373,527
3.85%, 10/01/25 (Call 07/01/25)(b)		416		402,648
3.95%, 06/01/28 (Call 03/01/28)		629		601,749
4.70%, 05/15/32 (Call 02/15/32)		880		841,165
5.25%, 05/15/52 (Call 11/15/51)		685		643,867
5.40%, 06/01/33 (Call 03/01/33)(a)		325		324,963
Series E, 6.65%, 02/15/33(a)		489		520,555
Series G, 4.15%, 05/01/49 (Call 11/01/48)		520		407,880
Series H, 3.45%, 01/15/50 (Call 07/15/49)		613		427,452
Series I, 2.10%, 07/01/30 (Call 04/01/30)		1,037		858,400
AEP Transmission Co. LLC
3.10%, 12/01/26 (Call 09/01/26)		632		601,920
3.15%, 09/15/49 (Call 03/15/49)		255		174,109
3.75%, 12/01/47 (Call 06/01/47)		664		509,958
3.80%, 06/15/49 (Call 12/15/48)		525		404,030
4.00%, 12/01/46 (Call 06/01/46)		495		399,561
4.25%, 09/15/48 (Call 03/15/48)		545		447,900
4.50%, 06/15/52 (Call 12/01/51)		630		545,902
5.40%, 03/15/53 (Call 09/15/52)		810		802,069
Series M, 3.65%, 04/01/50 (Call 10/01/49)		690		518,488
Series N, 2.75%, 08/15/51 (Call 02/15/51)		352		219,327
AES Corp. (The)
1.38%, 01/15/26 (Call 12/15/25)		1,283		1,185,201
2.45%, 01/15/31 (Call 10/15/30)		1,300		1,060,451
3.30%, 07/15/25 (Call 06/15/25)(b)		875		843,685
3.95%, 07/15/30 (Call 04/15/30)(a)(b)		859		780,434
5.45%, 06/01/28 (Call 05/01/28)		1,375		1,370,784
AES Panama Generation Holdings SRL, 4.38%, 05/31/30 (Call 02/28/30)(b)		687		577,004
Alabama Power Co.
2.80%, 04/01/25 (Call 01/01/25)		245		238,228
3.00%, 03/15/52 (Call 09/15/51)(a)		760		506,371
3.05%, 03/15/32 (Call 12/15/31)(a)		350		303,039
3.13%, 07/15/51 (Call 01/15/51)		810		550,797

Security	Par (000)		Value
Electric (continued)
3.45%, 10/01/49 (Call 04/01/49)	$	644	$	468,461
3.75%, 09/01/27 (Call 08/01/27)		705		677,613
3.75%, 03/01/45 (Call 09/01/44)		961		754,229
3.85%, 12/01/42		500		402,629
3.94%, 09/01/32 (Call 03/01/32)		617		567,213
4.10%, 01/15/42		330		267,569
4.15%, 08/15/44 (Call 02/15/44)		421		350,788
4.30%, 01/02/46 (Call 07/02/45)		545		458,967
5.50%, 03/15/41(a)		240		235,714
5.70%, 02/15/33(a)		299		302,056
5.85%, 11/15/33 (Call 08/15/33)		300		313,887
6.00%, 03/01/39(a)		761		802,123
6.13%, 05/15/38		385		402,893
Series 11-C, 5.20%, 06/01/41(a)		346		339,165
Series 20-A, 1.45%, 09/15/30 (Call 06/15/30)		820		659,363
Series A, 4.30%, 07/15/48 (Call 01/15/48)		711		596,047
Series B, 3.70%, 12/01/47 (Call 06/01/47)		806		610,963
Alexander Funding Trust II, 7.47%, 07/31/28 (Call 06/30/28)(a)(b)		835		873,927
Alfa Desarrollo SpA, 4.55%, 09/27/51 (Call 03/27/51)(a)(b)		929		690,663
Alliant Energy Finance LLC
3.60%, 03/01/32 (Call 12/01/31)(a)(b)		649		560,161
4.25%, 06/15/28 (Call 03/15/28)(b)		790		759,863
5.95%, 03/30/29 (Call 02/28/29)(a)(b)		230		235,422
Ameren Corp.
1.75%, 03/15/28 (Call 01/15/28)		880		773,814
1.95%, 03/15/27 (Call 02/15/27)		895		817,854
3.50%, 01/15/31 (Call 10/15/30)(a)		1,134		1,021,016
3.65%, 02/15/26 (Call 11/15/25)(a)		777		751,264
5.00%, 01/15/29 (Call 12/15/28)		955		946,886
5.70%, 12/01/26 (Call 11/01/26)(a)		945		955,765
Ameren Illinois Co.
1.55%, 11/15/30 (Call 08/15/30)(a)		545		436,350
2.90%, 06/15/51 (Call 12/15/50)(a)		365		237,170
3.25%, 03/01/25 (Call 12/01/24)(a)		410		402,279
3.25%, 03/15/50 (Call 09/15/49)(a)		390		273,330
3.70%, 12/01/47 (Call 06/01/47)		847		654,393
3.80%, 05/15/28 (Call 02/15/28)		665		641,429
3.85%, 09/01/32 (Call 06/01/32)		695		633,567
4.15%, 03/15/46 (Call 09/15/45)		695		575,412
4.30%, 07/01/44 (Call 01/01/44)		218		180,264
4.50%, 03/15/49 (Call 09/15/48)(a)		524		454,599
4.80%, 12/15/43 (Call 06/15/43)		415		368,293
4.95%, 06/01/33 (Call 03/01/33)(a)		535		526,647
5.90%, 12/01/52 (Call 06/01/52)		485		514,942
American Electric Power Co. Inc.
2.30%, 03/01/30 (Call 12/01/29)		580		489,822
3.20%, 11/13/27 (Call 08/13/27)		648		606,260
3.25%, 03/01/50 (Call 09/01/49)(a)		608		416,228
3.88%, 02/15/62 (Call 11/15/26), (5-year CMT + 2.675%)(d)		465		413,634
5.20%, 01/15/29 (Call 12/15/28)		1,535		1,532,893
5.63%, 03/01/33 (Call 12/01/32)		584		588,211
5.70%, 08/15/25		125		125,161
5.75%, 11/01/27 (Call 10/01/27)		431		439,847
5.95%, 11/01/32 (Call 08/01/32)(a)		935		967,476
Series J, 4.30%, 12/01/28 (Call 09/01/28)(a)		807		777,234
Series N, 1.00%, 11/01/25 (Call 10/01/25)		665		618,059

S C H E D U L E  O F  I N V E S T M E N T S 65

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
American Transmission Systems Inc.
2.65%, 01/15/32 (Call 10/15/31)(b)	$	717	$	588,790
5.00%, 09/01/44 (Call 03/01/44)(a)(b)		493		442,512
Appalachian Power Co.
3.40%, 06/01/25 (Call 03/01/25)		505		492,722
4.40%, 05/15/44 (Call 11/15/43)		457		373,879
4.45%, 06/01/45 (Call 12/01/44)		588		484,213
4.50%, 08/01/32 (Call 05/01/32)		680		636,266
7.00%, 04/01/38		423		473,960
Series AA, 2.70%, 04/01/31 (Call 01/01/31)		615		519,820
Series L, 5.80%, 10/01/35		85		87,201
Series P, 6.70%, 08/15/37(a)		635		688,307
Series X, 3.30%, 06/01/27 (Call 03/01/27)		485		455,880
Series Y, 4.50%, 03/01/49 (Call 09/01/48)(a)		527		425,327
Series Z, 3.70%, 05/01/50 (Call 11/01/49)		675		483,514
Arizona Public Service Co.
2.20%, 12/15/31 (Call 09/15/31)(a)		817		656,548
2.55%, 09/15/26 (Call 06/15/26)		405		378,157
2.60%, 08/15/29 (Call 05/15/29)		625		550,985
2.65%, 09/15/50 (Call 03/15/50)(a)		575		341,504
2.95%, 09/15/27 (Call 06/15/27)(a)		590		552,073
3.15%, 05/15/25 (Call 02/15/25)		447		434,666
3.35%, 05/15/50 (Call 11/15/49)(a)		655		446,632
3.50%, 12/01/49 (Call 06/01/49)(a)		585		403,223
3.75%, 05/15/46 (Call 11/15/45)		580		427,493
4.20%, 08/15/48 (Call 02/15/48)		440		348,401
4.25%, 03/01/49 (Call 09/01/48)		656		525,085
4.35%, 11/15/45 (Call 05/15/45)		385		312,761
4.50%, 04/01/42 (Call 10/01/41)		635		540,397
4.70%, 01/15/44 (Call 07/15/43)		95		78,966
5.05%, 09/01/41 (Call 03/01/41)		340		309,746
5.50%, 09/01/35		395		387,789
5.55%, 08/01/33 (Call 05/01/33)		510		511,677
6.35%, 12/15/32 (Call 09/15/32)		485		512,834
Atlantic City Electric Co.
2.30%, 03/15/31 (Call 12/15/30)		545		449,819
4.00%, 10/15/28 (Call 07/15/28)		797		767,786
Ausgrid Finance Pty Ltd., 4.35%, 08/01/28 (Call 05/01/28)(a)(b)		290		277,107
Avangrid Inc.
3.20%, 04/15/25 (Call 03/15/25)		1,093		1,063,194
3.80%, 06/01/29 (Call 03/01/29)(a)		1,504		1,403,161
Avista Corp.
4.00%, 04/01/52 (Call 10/01/51)(a)		590		447,728
4.35%, 06/01/48 (Call 12/01/47)		640		525,570
Baltimore Gas & Electric Co.
2.25%, 06/15/31 (Call 03/15/31)		500		416,554
2.40%, 08/15/26 (Call 05/15/26)		667		628,436
2.90%, 06/15/50 (Call 12/15/49)		430		278,811
3.20%, 09/15/49 (Call 03/15/49)(a)		474		324,882
3.50%, 08/15/46 (Call 02/15/46)		726		535,702
3.75%, 08/15/47 (Call 02/15/47)(a)		329		247,940
4.25%, 09/15/48 (Call 03/15/48)		735		608,322
4.55%, 06/01/52 (Call 12/01/51)		560		487,815
5.40%, 06/01/53 (Call 12/01/52)(a)		645		632,659
6.35%, 10/01/36		362		386,891
Basin Electric Power Cooperative, 4.75%, 04/26/47 (Call 10/26/46)(a)(b)		375		320,664
Berkshire Hathaway Energy Co.
1.65%, 05/15/31 (Call 02/15/31)		950		752,204
2.85%, 05/15/51 (Call 11/15/50)		1,835		1,178,471

Security	Par (000)		Value
Electric (continued)
3.25%, 04/15/28 (Call 01/15/28)	$	1,054	$	987,220
3.70%, 07/15/30 (Call 04/15/30)		1,376		1,270,958
3.80%, 07/15/48 (Call 01/15/48)		1,038		788,921
4.05%, 04/15/25 (Call 03/15/25)		1,235		1,217,401
4.25%, 10/15/50 (Call 04/15/50)		1,138		916,799
4.45%, 01/15/49 (Call 07/15/48)		1,267		1,068,636
4.50%, 02/01/45 (Call 08/01/44)		1,019		904,153
4.60%, 05/01/53 (Call 11/01/52)(a)		1,065		909,306
5.15%, 11/15/43 (Call 05/15/43)		908		871,780
5.95%, 05/15/37		529		548,078
6.13%, 04/01/36		1,951		2,060,038
8.48%, 09/15/28		205		234,426
Black Hills Corp.
2.50%, 06/15/30 (Call 03/15/30)		720		598,146
3.05%, 10/15/29 (Call 07/15/29)(a)		662		586,585
3.15%, 01/15/27 (Call 07/15/26)		852		806,246
3.88%, 10/15/49 (Call 04/15/49)(a)		515		366,557
3.95%, 01/15/26 (Call 07/15/25)		655		635,587
4.20%, 09/15/46 (Call 03/15/46)(a)		385		299,472
4.35%, 05/01/33 (Call 02/01/33)(a)		544		495,965
5.95%, 03/15/28 (Call 02/15/28)(a)		610		627,397
6.15%, 05/15/34 (Call 02/15/34)(a)		175		179,844
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)		658		512,945
3.60%, 03/01/52 (Call 09/01/51)		455		341,962
3.95%, 03/01/48 (Call 09/01/47)		624		504,722
4.50%, 04/01/44 (Call 10/01/43)		997		882,395
4.95%, 04/01/33 (Call 01/01/33)(a)		290		285,736
5.15%, 03/01/34 (Call 12/01/33)		355		354,343
5.20%, 10/01/28 (Call 09/01/28)		460		464,008
5.30%, 04/01/53 (Call 10/01/52)		510		507,629
Series AA, 3.00%, 02/01/27 (Call 11/01/26)		355		336,684
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		1,161		984,071
Series AD, 2.90%, 07/01/50 (Call 01/01/50)(a)		846		556,555
Series AE, 2.35%, 04/01/31 (Call 01/01/31)(a)		495		415,792
Series AF, 3.35%, 04/01/51 (Call 10/01/50)		440		316,340
Series AG, 3.00%, 03/01/32 (Call 12/01/31)		325		281,161
Series ai., 4.45%, 10/01/32 (Call 07/01/32)		600		571,528
Series AJ, 4.85%, 10/01/52 (Call 04/01/52)		280		258,359
Series K2, 6.95%, 03/15/33(a)		695		786,265
Series Z, 2.40%, 09/01/26 (Call 06/01/26)		641		603,939
CenterPoint Energy Inc.
1.45%, 06/01/26 (Call 05/01/26)		882		812,422
2.65%, 06/01/31 (Call 03/01/31)(a)		560		469,527
2.95%, 03/01/30 (Call 12/01/29)(a)		782		691,528
3.70%, 09/01/49 (Call 03/01/49)(a)		795		579,565
5.25%, 08/10/26(a)		490		490,142
Cleco Corporate Holdings LLC
3.38%, 09/15/29 (Call 06/15/29)		629		546,932
3.74%, 05/01/26 (Call 02/01/26)(a)		932		895,377
4.97%, 05/01/46 (Call 11/01/45)		457		376,083
Cleco Power LLC
6.00%, 12/01/40		385		390,245
6.50%, 12/01/35(a)		377		388,985
Cleveland Electric Illuminating Co. (The)
3.50%, 04/01/28 (Call 01/01/28)(a)(b)		345		321,286
4.55%, 11/15/30 (Call 08/15/30)(a)(b)		615		572,936
5.95%, 12/15/36		642		639,767

66 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
CMS Energy Corp.
2.95%, 02/15/27 (Call 11/15/26)(a)	$	447	$	415,006
3.00%, 05/15/26 (Call 02/15/26)		532		505,420
3.45%, 08/15/27 (Call 05/15/27)(a)		505		478,411
3.60%, 11/15/25 (Call 08/15/25)(a)		650		628,303
3.75%, 12/01/50 (Call 09/01/30), (5-year CMT + 2.900%)(a)(d)		556		444,707
4.70%, 03/31/43 (Call 09/30/42)(a)		472		410,107
4.75%, 06/01/50 (Call 03/01/30), (5-year CMT + 4.116%)(d)		564		516,799
4.88%, 03/01/44 (Call 09/01/43)(a)		508		466,507
Colbun SA
3.15%, 03/06/30 (Call 12/06/29)(b)		280		245,449
3.15%, 01/19/32 (Call 10/19/31)(b)		315		265,957
3.95%, 10/11/27 (Call 07/11/27)(b)		572		545,029
Cometa Energia SA de CV, 6.38%, 04/24/35 (Call 01/24/35)(a)(b)		437		432,173
Comision Federal de Electricidad
3.35%, 02/09/31 (Call 11/09/30)(b)		1,410		1,188,817
3.88%, 07/26/33 (Call 04/26/33)(b)		1,101		902,262
4.68%, 02/09/51 (Call 08/09/50)(b)		537		376,643
4.69%, 05/15/29 (Call 03/15/29)(b)		1,172		1,110,268
4.75%, 02/23/27(a)(b)		640		625,335
5.75%, 02/14/42(a)(b)		512		441,703
6.26%, 02/15/52 (Call 08/15/51)(a)(b)		1,080		938,118
Commonwealth Edison Co.
2.20%, 03/01/30 (Call 12/01/29)		787		669,476
2.55%, 06/15/26 (Call 03/15/26)		1,131		1,070,166
3.00%, 03/01/50 (Call 09/01/49)		746		492,911
3.15%, 03/15/32 (Call 12/15/31)		385		334,979
3.65%, 06/15/46 (Call 12/15/45)(a)		434		330,247
3.70%, 08/15/28 (Call 05/15/28)		879		837,444
3.70%, 03/01/45 (Call 09/01/44)(a)		807		629,214
3.80%, 10/01/42 (Call 04/01/42)		389		312,575
4.00%, 03/01/48 (Call 09/01/47)		900		725,176
4.00%, 03/01/49 (Call 09/01/48)		895		715,266
4.35%, 11/15/45 (Call 05/15/45)		555		472,108
4.60%, 08/15/43 (Call 02/15/43)		422		374,261
4.70%, 01/15/44 (Call 07/15/43)		410		365,290
4.90%, 02/01/33 (Call 11/01/32)		245		241,046
5.30%, 02/01/53 (Call 08/01/52)(a)		665		643,674
6.45%, 01/15/38		739		801,888
Series 122, 2.95%, 08/15/27 (Call 05/15/27)		780		730,954
Series 123, 3.75%, 08/15/47 (Call 02/15/47)		806		618,424
Series 127, 3.20%, 11/15/49 (Call 05/15/49)(a)		411		283,148
Series 130, 3.13%, 03/15/51 (Call 09/15/50)		775		520,104
Series 131, 2.75%, 09/01/51 (Call 03/01/51)		520		320,943
Series 133, 3.85%, 03/15/52 (Call 09/15/51)(a)		545		419,501
Connecticut Light & Power Co. (The)
4.00%, 04/01/48 (Call 10/01/47)		1,055		859,114
4.30%, 04/15/44 (Call 10/15/43)		650		553,014
4.90%, 07/01/33 (Call 04/01/33)		485		474,526
5.25%, 01/15/53 (Call 07/15/52)(a)		740		721,325
Series A, 0.75%, 12/01/25 (Call 11/01/25)		374		346,478
Series A, 2.05%, 07/01/31 (Call 04/01/31)		66		53,510
Series A, 3.20%, 03/15/27 (Call 12/15/26)(a)		937		891,556
Series A, 4.15%, 06/01/45 (Call 12/01/44)(a)		315		265,240
Connecticut Light and Power Co. (The), 4.65%, 01/01/29 (Call 12/01/28)		580		570,088

Security	Par (000)		Value
Electric (continued)
Consolidated Edison Co. of New York Inc.
2.40%, 06/15/31 (Call 03/15/31)	$	1,302	$	1,096,249
3.20%, 12/01/51 (Call 06/01/51)		815		553,480
3.60%, 06/15/61 (Call 12/15/60)(a)		800		577,626
3.70%, 11/15/59 (Call 05/15/59)		960		684,982
3.80%, 05/15/28 (Call 02/15/28)(a)		905		859,923
3.85%, 06/15/46 (Call 12/15/45)(a)		864		678,884
3.95%, 03/01/43 (Call 09/01/42)		935		767,028
4.45%, 03/15/44 (Call 09/15/43)(a)		1,149		999,351
4.50%, 12/01/45 (Call 06/01/45)		1,070		926,281
4.50%, 05/15/58 (Call 11/15/57)(a)		739		621,668
4.63%, 12/01/54 (Call 06/01/54)		805		691,232
5.20%, 03/01/33 (Call 12/01/32)(a)		645		649,857
5.50%, 03/15/34 (Call 12/15/33		775		791,485
5.70%, 06/15/40		460		462,893
5.90%, 11/15/53 (Call 05/15/53)(a)		870		917,499
6.15%, 11/15/52 (Call 05/15/52)(a)		310		335,945
Series 05-A, 5.30%, 03/01/35		634		629,709
Series 06-A, 5.85%, 03/15/36		630		646,343
Series 06-B, 6.20%, 06/15/36		545		579,295
Series 06-E, 5.70%, 12/01/36		535		536,012
Series 07-A, 6.30%, 08/15/37		833		890,752
Series 08-B, 6.75%, 04/01/38		874		973,659
Series 09-C, 5.50%, 12/01/39		638		637,568
Series 12-A, 4.20%, 03/15/42		744		621,864
Series 2017, 3.88%, 06/15/47 (Call 12/15/46)		939		729,636
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)		1,136		1,038,548
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)		1,195		957,218
Series A, 4.13%, 05/15/49 (Call 11/15/48)(a)		750		602,454
Series B, 2.90%, 12/01/26 (Call 09/01/26)		455		426,795
Series B, 3.13%, 11/15/27 (Call 08/15/27)		462		434,638
Series C, 3.00%, 12/01/60 (Call 06/01/60)		570		348,004
Series C, 4.00%, 11/15/57 (Call 05/15/57)(a)		300		233,604
Series C, 4.30%, 12/01/56 (Call 06/01/56)(a)		641		524,846
Series D, 4.00%, 12/01/28 (Call 09/01/28)(a)		275		265,387
Series E, 4.65%, 12/01/48 (Call 06/01/48)		918		802,412
Consorcio Transmantaro SA
4.70%, 04/16/34(a)(b)		1,200		1,125,875
5.20%, 04/11/38 (Call 01/11/38)(b)		405		377,464
Constellation Energy Generation LLC
3.25%, 06/01/25 (Call 05/01/25)		1,371		1,331,626
5.60%, 03/01/28 (Call 02/01/28)(a)		755		765,021
5.60%, 06/15/42 (Call 12/15/41)		850		828,042
5.75%, 10/01/41 (Call 04/01/41)		646		632,117
5.80%, 03/01/33 (Call 12/01/32)		660		674,580
6.13%, 01/15/34 (Call 10/15/33)		850		886,798
6.25%, 10/01/39		910		938,110
6.50%, 10/01/53 (Call 04/01/53)(a)		735		806,663
Consumers Energy Co.
2.50%, 05/01/60 (Call 11/01/59)		345		190,568
3.10%, 08/15/50 (Call 02/15/50)		750		520,135
3.25%, 08/15/46 (Call 02/15/46)		440		321,819
3.50%, 08/01/51 (Call 02/01/51)		835		624,506
3.60%, 08/15/32 (Call 02/15/32)		350		315,431
3.75%, 02/15/50 (Call 08/15/49)		523		408,965
3.80%, 11/15/28 (Call 08/15/28)(a)		596		570,671
3.95%, 05/15/43 (Call 11/15/42)		545		447,968
3.95%, 07/15/47 (Call 01/15/47)(a)		525		426,330
4.05%, 05/15/48 (Call 11/15/47)		705		584,303
4.10%, 11/15/45 (Call 05/15/45)		60		48,109

S C H E D U L E  O F  I N V E S T M E N T S 67

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.20%, 09/01/52 (Call 03/01/52)	$	305	$	253,520
4.35%, 04/15/49 (Call 10/15/48)		681		589,272
4.35%, 08/31/64 (Call 02/28/64)		295		224,377
4.60%, 05/30/29 (Call 03/30/29)(a)		310		304,710
4.63%, 05/15/33 (Call 11/15/32)		1,005		970,959
4.65%, 03/01/28 (Call 01/01/28)(a)		705		700,905
4.90%, 02/15/29 (Call 12/15/28)(a)		755		753,057
Dayton Power & Light Co. (The), 3.95%, 06/15/49 (Call 12/15/48)		720		529,459
Delmarva Power & Light Co.
4.00%, 06/01/42 (Call 12/01/41)		175		140,236
4.15%, 05/15/45 (Call 11/15/44)		486		388,912
Dominion Energy Inc.
3.90%, 10/01/25 (Call 07/01/25)		349		340,831
4.25%, 06/01/28 (Call 03/01/28)(a)		788		760,391
4.35%, 08/15/32 (Call 05/15/32)(a)		5		4,660
4.70%, 12/01/44 (Call 06/01/44)		685		589,337
4.85%, 08/15/52 (Call 02/15/52)(a)		940		823,373
5.38%, 11/15/32 (Call 08/15/32)(a)		955		949,488
7.00%, 06/15/38		691		752,045
Series A, 1.45%, 04/15/26 (Call 03/15/26)		953		880,355
Series A, 3.30%, 03/15/25 (Call 02/15/25)		783		765,201
Series A, 4.60%, 03/15/49 (Call 09/15/48)		449		380,367
Series B, 3.30%, 04/15/41 (Call 10/15/40)(a)		985		725,070
Series B, 3.60%, 03/15/27 (Call 01/15/27)		505		483,091
Series B, 5.95%, 06/15/35		980		1,002,182
Series C, 2.25%, 08/15/31 (Call 05/15/31)		1,235		999,826
Series C, 3.38%, 04/01/30 (Call 01/01/30)		1,661		1,493,467
Series C, 4.05%, 09/15/42 (Call 03/15/42)		669		529,302
Series C, 4.90%, 08/01/41 (Call 02/01/41)		776		695,567
Series D, 2.85%, 08/15/26 (Call 05/15/26)		749		707,528
Series E, 6.30%, 03/15/33		460		480,107
Series F, 5.25%, 08/01/33		719		706,827
Dominion Energy South Carolina Inc.
4.60%, 06/15/43 (Call 12/15/42)		807		711,244
5.10%, 06/01/65 (Call 12/01/64)		325		300,730
5.30%, 05/15/33		635		640,264
5.45%, 02/01/41 (Call 08/01/40)		485		474,722
6.05%, 01/15/38(a)		681		719,712
6.25%, 10/15/53 (Call 04/15/53)		255		281,898
6.63%, 02/01/32(a)		542		601,117
Series A, 2.30%, 12/01/31 (Call 09/01/31)		455		373,064
DTE Electric Co.
2.25%, 03/01/30 (Call 12/01/29)(a)		524		449,877
2.95%, 03/01/50 (Call 09/01/49)		600		398,921
3.38%, 03/01/25 (Call 12/01/24)		372		365,118
3.70%, 03/15/45 (Call 09/15/44)		548		430,192
3.70%, 06/01/46 (Call 12/01/45)		639		489,791
3.75%, 08/15/47 (Call 02/15/47)(a)		927		710,432
3.95%, 06/15/42 (Call 12/15/41)(a)		364		290,177
3.95%, 03/01/49 (Call 09/01/48)(a)		804		649,882
4.30%, 07/01/44 (Call 01/01/44)(a)		430		367,985
4.85%, 12/01/26		195		194,647
5.20%, 04/01/33 (Call 01/01/33)		815		820,112
5.20%, 03/01/34 (Call 12/01/33)		625		621,882
5.40%, 04/01/53 (Call 10/01/52)(a)		810		802,532
5.70%, 10/01/37(a)		176		177,528
Series A, 1.90%, 04/01/28 (Call 02/01/28)		640		570,183
Series A, 3.00%, 03/01/32 (Call 12/01/31)		820		707,974
Series A, 4.00%, 04/01/43 (Call 10/01/42)(a)		448		371,021
Series A, 4.05%, 05/15/48 (Call 11/15/47)		670		547,651

Security	Par (000)		Value
Electric (continued)
Series A, 6.63%, 06/01/36	$	130	$	142,361
Series B, 3.25%, 04/01/51 (Call 10/01/50)		667		464,197
Series B, 3.65%, 03/01/52 (Call 09/01/51)		377		283,166
Series C, 2.63%, 03/01/31 (Call 12/01/30)(a)		773		664,124
DTE Energy Co.
2.85%, 10/01/26 (Call 07/01/26)		1,145		1,078,365
2.95%, 03/01/30 (Call 12/01/29)		639		559,107
4.88%, 06/01/28 (Call 05/01/28)		890		877,335
5.10%, 03/01/29 (Call 02/01/29)(a)		1,025		1,016,354
Series C, 3.40%, 06/15/29 (Call 03/15/29)		943		862,729
Series F, 1.05%, 06/01/25 (Call 05/01/25)		968		916,577
Duke Energy Carolinas LLC
2.45%, 08/15/29 (Call 05/15/29)(a)		776		684,395
2.45%, 02/01/30 (Call 11/01/29)		523		457,241
2.55%, 04/15/31 (Call 01/15/31)		537		460,117
2.85%, 03/15/32 (Call 12/15/31)(a)		520		441,836
2.95%, 12/01/26 (Call 09/01/26)		921		877,847
3.20%, 08/15/49 (Call 02/15/49)		974		672,770
3.45%, 04/15/51 (Call 10/15/50)		400		284,422
3.55%, 03/15/52 (Call 09/15/51)		797		573,675
3.70%, 12/01/47 (Call 06/01/47)		827		616,076
3.75%, 06/01/45 (Call 12/01/44)		729		564,026
3.88%, 03/15/46 (Call 09/15/45)		658		512,696
3.95%, 11/15/28 (Call 08/15/28)		962		926,721
3.95%, 03/15/48 (Call 09/15/47)(a)		659		521,379
4.00%, 09/30/42 (Call 03/30/42)		857		701,384
4.25%, 12/15/41 (Call 06/15/41)		880		745,450
4.85%, 01/15/34 (Call 10/15/33)		470		455,948
4.95%, 01/15/33 (Call 10/15/32)		1,440		1,419,429
5.30%, 02/15/40		762		747,530
5.35%, 01/15/53 (Call 07/15/52)		1,090		1,066,862
5.40%, 01/15/54 (Call 07/15/53)		1,291		1,257,831
6.00%, 01/15/38		712		747,348
6.05%, 04/15/38		527		553,613
6.10%, 06/01/37		596		622,446
6.45%, 10/15/32		700		758,370
Series A, 6.00%, 12/01/28(a)		802		836,959
Duke Energy Corp.
0.90%, 09/15/25 (Call 08/15/25)		1,114		1,042,119
2.45%, 06/01/30 (Call 03/01/30)(a)		973		832,005
2.55%, 06/15/31 (Call 03/15/31)		1,204		1,003,804
2.65%, 09/01/26 (Call 06/01/26)		1,722		1,619,978
3.15%, 08/15/27 (Call 05/15/27)		1,107		1,037,791
3.25%, 01/15/82 (Call 01/15/27), (5-year CMT + 2.321%)(d)		459		387,105
3.30%, 06/15/41 (Call 12/15/40)		1,024		753,291
3.40%, 06/15/29 (Call 03/15/29)		670		616,951
3.50%, 06/15/51 (Call 12/15/50)		1,173		812,068
3.75%, 09/01/46 (Call 03/01/46)		1,305		973,787
3.95%, 08/15/47 (Call 02/15/47)		791		603,499
4.20%, 06/15/49 (Call 12/15/48)		830		653,202
4.30%, 03/15/28 (Call 02/15/28)		1,375		1,335,863
4.50%, 08/15/32 (Call 05/15/32)		705		661,832
4.80%, 12/15/45 (Call 06/15/45)		657		576,963
4.85%, 01/05/27		545		540,914
4.85%, 01/05/29 (Call 12/05/28)		700		688,105
5.00%, 12/08/25		508		506,275
5.00%, 12/08/27 (Call 11/08/27)(a)		780		774,687
5.00%, 08/15/52 (Call 02/15/52)		1,570		1,398,724
5.75%, 09/15/33 (Call 06/15/33)(a)		890		906,692
6.10%, 09/15/53 (Call 03/15/53)(a)		1,045		1,084,291

68 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Duke Energy Florida LLC
1.75%, 06/15/30 (Call 03/15/30)	$	630	$	519,852
2.40%, 12/15/31 (Call 09/15/31)		772		637,817
2.50%, 12/01/29 (Call 09/01/29)		701		616,182
3.00%, 12/15/51 (Call 06/15/51)		615		397,130
3.20%, 01/15/27 (Call 10/15/26)		1,007		961,481
3.40%, 10/01/46 (Call 04/01/46)		714		513,948
3.80%, 07/15/28 (Call 04/15/28)		703		674,949
3.85%, 11/15/42 (Call 05/15/42)		587		466,898
4.20%, 07/15/48 (Call 01/15/48)		627		512,305
5.65%, 04/01/40		650		653,297
5.88%, 11/15/33 (Call 08/15/33)		850		889,815
5.95%, 11/15/52 (Call 05/15/52)		689		725,589
6.20%, 11/15/53 (Call 05/15/53)(a)		825		893,429
6.35%, 09/15/37		879		941,204
6.40%, 06/15/38		973		1,052,534
Duke Energy Indiana LLC
2.75%, 04/01/50 (Call 10/01/49)		890		554,035
3.75%, 05/15/46 (Call 11/15/45)		529		404,165
5.25%, 03/01/34 (Call 12/01/33)		375		374,025
5.40%, 04/01/53 (Call 10/01/52)		645		622,079
6.12%, 10/15/35(a)		499		516,568
6.35%, 08/15/38		667		713,416
6.45%, 04/01/39		444		484,540
Series UUU, 4.20%, 03/15/42 (Call 09/15/41)		200		166,887
Series WWW, 4.90%, 07/15/43 (Call 01/15/43)		405		373,079
Series YYY, 3.25%, 10/01/49 (Call 04/01/49)(a)		602		415,677
Duke Energy Ohio Inc.
2.13%, 06/01/30 (Call 03/01/30)		829		696,556
3.65%, 02/01/29 (Call 11/01/28)(a)		739		698,056
3.70%, 06/15/46 (Call 12/15/45)		350		262,803
4.30%, 02/01/49 (Call 08/01/48)		564		458,949
5.25%, 04/01/33 (Call 01/01/33)		450		450,353
5.65%, 04/01/53 (Call 10/01/52)(a)		485		489,434
Duke Energy Progress LLC
2.00%, 08/15/31 (Call 05/15/31)		1,005		812,443
2.50%, 08/15/50 (Call 02/15/50)		677		404,051
2.90%, 08/15/51 (Call 02/15/51)		487		312,359
3.25%, 08/15/25 (Call 05/15/25)(a)		604		589,033
3.40%, 04/01/32 (Call 01/01/32)		280		247,677
3.45%, 03/15/29 (Call 12/15/28)		584		546,216
3.60%, 09/15/47 (Call 03/15/47)(a)		866		641,837
3.70%, 09/01/28 (Call 06/01/28)(a)		626		597,021
3.70%, 10/15/46 (Call 04/15/46)		646		489,148
4.00%, 04/01/52 (Call 10/01/51)		505		398,301
4.10%, 05/15/42 (Call 11/15/41)		744		615,933
4.10%, 03/15/43 (Call 09/15/42)		574		470,652
4.15%, 12/01/44 (Call 06/01/44)		867		709,249
4.20%, 08/15/45 (Call 02/15/45)		929		766,286
4.38%, 03/30/44 (Call 09/30/43)		493		421,431
5.25%, 03/15/33 (Call 12/15/32)(a)		575		574,001
5.35%, 03/15/53 (Call 09/15/52)		685		663,589
6.30%, 04/01/38(a)		675		724,558
Duquesne Light Holdings Inc.
2.53%, 10/01/30 (Call 07/01/30)(b)		577		476,396
2.78%, 01/07/32 (Call 10/07/31)(a)(b)		690		559,445
3.62%, 08/01/27 (Call 05/01/27)(b)		564		525,030

Security	Par (000)		Value
Electric (continued)
E.ON International Finance BV, 6.65%, 04/30/38(b)	$	1,580	$	1,691,154
Edison International
4.13%, 03/15/28 (Call 12/15/27)		830		793,164
4.70%, 08/15/25		555		547,210
4.95%, 04/15/25 (Call 03/15/25)(a)		579		573,941
5.25%, 11/15/28 (Call 10/15/28)		365		362,919
5.75%, 06/15/27 (Call 04/15/27)		781		788,280
6.95%, 11/15/29 (Call 09/15/29)		855		911,293
EDP Finance BV, 1.71%, 01/24/28(b)		1,432		1,259,266
El Paso Electric Co.
5.00%, 12/01/44 (Call 06/01/44)(a)		489		417,686
6.00%, 05/15/35(a)		724		727,853
Electricite de France SA
3.63%, 10/13/25 (Call 07/13/25)(b)		1,242		1,210,356
4.50%, 09/21/28 (Call 06/21/28)(a)(b)		1,453		1,408,014
4.75%, 10/13/35 (Call 04/13/35)(b)		392		360,274
4.88%, 09/21/38 (Call 03/21/38)(b)		585		519,205
4.88%, 01/22/44(b)		811		707,593
4.95%, 10/13/45 (Call 04/13/45)(a)(b)		994		874,022
5.00%, 09/21/48 (Call 03/21/48)(b)		2,019		1,775,135
5.25%, 10/13/55 (Call 04/13/55)(a)(b)		260		222,642
5.60%, 01/27/40(a)(b)		863		835,273
5.70%, 05/23/28 (Call 04/23/28)(a)(b)		580		590,457
6.00%, 01/22/2114(a)(b)		687		644,221
6.25%, 05/23/33 (Call 02/23/33)(b)		1,095		1,143,911
6.90%, 05/23/53 (Call 11/23/52)(b)		1,580		1,721,568
6.95%, 01/26/39(a)(b)		1,764		1,933,155
Elm Road Generating Station Supercritical LLC,
6.09%, 02/11/40(a)(b)		235		229,290
Emera U.S. Finance LP
2.64%, 06/15/31 (Call 03/15/31)(a)		665		539,231
3.55%, 06/15/26 (Call 03/15/26)		1,345		1,289,858
4.75%, 06/15/46 (Call 12/15/45)		1,716		1,404,704
Empresa de Transmision Electrica SA, 5.13%, 05/02/49(b)		470		336,050
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		934		898,050
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28)		1,406		1,367,808
Enel Finance America LLC
2.88%, 07/12/41 (Call 01/12/41)(a)(b)		1,005		669,494
7.10%, 10/14/27 (Call 09/14/27)(b)		1,275		1,341,601
Enel Finance International NV
1.38%, 07/12/26 (Call 06/12/26)(b)		1,920		1,749,361
1.88%, 07/12/28 (Call 05/12/28)(a)(b)		1,475		1,278,527
2.25%, 07/12/31 (Call 04/12/31)(b)		1,781		1,423,221
3.50%, 04/06/28(a)(b)		1,775		1,654,668
3.63%, 05/25/27(a)(b)		1,370		1,302,152
4.25%, 06/15/25(b)		330		324,302
4.63%, 06/15/27 (Call 05/15/27)(b)		1,105		1,083,333
4.75%, 05/25/47(a)(b)		1,375		1,155,650
4.88%, 06/14/29(a)(b)		1,140		1,117,929
5.00%, 06/15/32 (Call 03/15/32)(b)		1,495		1,426,496
5.50%, 06/15/52 (Call 12/15/51)(a)(b)		1,568		1,428,002
6.00%, 10/07/39(b)		2,102		2,103,456
6.80%, 10/14/25(b)		365		372,098
6.80%, 09/15/37(b)		1,035		1,110,076
7.50%, 10/14/32 (Call 07/14/32)(b)		1,145		1,274,040
7.75%, 10/14/52 (Call 04/14/52)(b)		1,415		1,693,060
Engie Energia Chile SA, 3.40%, 01/28/30 (Call 10/28/29)(b)		140		121,861

S C H E D U L E  O F  I N V E S T M E N T S 69

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Entergy Arkansas LLC
2.65%, 06/15/51 (Call 12/15/50)(a)	$	995	$	597,846
3.35%, 06/15/52 (Call 12/15/51)(a)		637		435,695
3.50%, 04/01/26 (Call 01/01/26)		878		851,668
4.00%, 06/01/28 (Call 03/01/28)(a)		740		711,896
4.20%, 04/01/49 (Call 10/01/48)		815		668,990
4.95%, 12/15/44 (Call 12/15/24)		481		421,737
5.15%, 01/15/33 (Call 10/15/32)		630		630,888
5.30%, 09/15/33 (Call 06/15/33)(a)		150		150,413
Entergy Corp.
0.90%, 09/15/25 (Call 08/15/25)		1,192		1,114,139
1.90%, 06/15/28 (Call 04/15/28)(a)		1,035		909,490
2.40%, 06/15/31 (Call 03/05/31)(a)		1,009		831,098
2.80%, 06/15/30 (Call 03/15/30)		711		614,858
2.95%, 09/01/26 (Call 06/01/26)		1,251		1,187,204
3.75%, 06/15/50 (Call 12/15/49)		888		642,526
Entergy Louisiana LLC
1.60%, 12/15/30 (Call 09/15/30)(a)		696		551,491
2.35%, 06/15/32 (Call 03/15/32)		669		541,983
2.40%, 10/01/26 (Call 07/01/26)		774		722,922
2.90%, 03/15/51 (Call 09/15/50)		998		626,720
3.05%, 06/01/31 (Call 03/01/31)(a)		638		552,161
3.10%, 06/15/41 (Call 12/15/40)		155		113,694
3.12%, 09/01/27 (Call 06/01/27)		846		796,526
3.25%, 04/01/28 (Call 01/01/28)(a)		729		683,321
4.00%, 03/15/33 (Call 12/15/32)		664		604,590
4.20%, 09/01/48 (Call 03/01/48)		1,246		1,007,856
4.20%, 04/01/50 (Call 10/01/49)		765		618,630
4.44%, 01/15/26 (Call 10/15/25)		5		4,937
4.75%, 09/15/52 (Call 03/15/52)		675		589,439
4.95%, 01/15/45 (Call 01/15/25)		644		586,040
Entergy Mississippi LLC
2.85%, 06/01/28 (Call 03/01/28)		685		627,059
3.50%, 06/01/51 (Call 03/01/51)(a)		340		240,395
3.85%, 06/01/49 (Call 12/01/48)		512		389,435
5.00%, 09/01/33 (Call 06/01/33)		235		230,480
Entergy Texas Inc.
1.75%, 03/15/31 (Call 12/15/30)		818		655,394
3.55%, 09/30/49 (Call 03/30/49)		637		460,064
4.00%, 03/30/29 (Call 12/30/28)		410		391,728
4.50%, 03/30/39 (Call 09/30/38)		366		325,622
5.00%, 09/15/52 (Call 03/15/52)		345		313,288
5.15%, 06/01/45 (Call 06/01/25)(a)		298		274,792
5.80%, 09/01/53 (Call 03/01/53)(a)		480		494,736
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29)		269		238,324
Evergy Kansas Central Inc.
2.55%, 07/01/26 (Call 04/01/26)(a)		145		136,590
3.10%, 04/01/27 (Call 01/01/27)		555		523,110
3.25%, 12/01/25 (Call 09/01/25)		674		650,420
3.25%, 09/01/49 (Call 03/01/49)		730		501,609
3.45%, 04/15/50 (Call 10/15/49)		445		312,389
4.10%, 04/01/43 (Call 10/01/42)(a)		442		359,849
4.13%, 03/01/42 (Call 09/01/41)(a)		660		546,370
4.25%, 12/01/45 (Call 06/01/45)		741		605,478
4.63%, 09/01/43 (Call 03/01/43)(a)		301		257,446
5.70%, 03/15/53 (Call 09/15/52)(a)		415		414,750
5.90%, 11/15/33 (Call 08/15/33)		650		676,029
Evergy Kansas South Inc., 4.30%, 07/15/44 (Call 01/15/44)(b)		35		28,244
Evergy Metro Inc.
3.65%, 08/15/25 (Call 05/15/25)		165		160,981

Security	Par (000)		Value
Electric (continued)
4.20%, 06/15/47 (Call 12/15/46)	$	415	$	333,874
4.20%, 03/15/48 (Call 09/15/47)		497		405,463
4.95%, 04/15/33 (Call 01/15/33)(a)		550		537,758
5.30%, 10/01/41 (Call 04/01/41)(a)		659		619,455
Series 2019, 4.13%, 04/01/49 (Call 10/01/48)		532		423,697
Series 2020, 2.25%, 06/01/30 (Call 03/01/30)(a)		554		467,849
Series B, 6.05%, 11/15/35(a)		74		76,548
Evergy Missouri West Inc.
3.75%, 03/15/32 (Call 12/15/31)(b)		542		476,814
5.15%, 12/15/27 (Call 11/15/27)(a)(b)		650		647,475
Eversource Energy
2.55%, 03/15/31 (Call 12/15/30)		100		82,488
2.90%, 03/01/27 (Call 02/01/27)		1,172		1,095,985
3.35%, 03/15/26 (Call 12/15/25)		530		509,037
3.38%, 03/01/32 (Call 12/01/31)		835		717,388
3.45%, 01/15/50 (Call 07/15/49)(a)		995		680,492
4.60%, 07/01/27 (Call 06/01/27)		825		806,006
4.75%, 05/15/26		475		468,988
5.00%, 01/01/27(a)		605		601,046
5.13%, 05/15/33 (Call 02/15/33)		630		608,532
5.45%, 03/01/28 (Call 02/01/28)		1,625		1,633,434
5.50%, 01/01/34 (Call 10/01/33)		1,250		1,237,212
5.95%, 02/01/29 (Call 01/01/29)		1,040		1,065,037
Series M, 3.30%, 01/15/28 (Call 10/15/27)		485		451,710
Series O, 4.25%, 04/01/29 (Call 01/01/29)		784		747,503
Series Q, 0.80%, 08/15/25 (Call 07/15/25)		621		579,966
Series R, 1.65%, 08/15/30 (Call 05/15/30)		777		618,630
Series U, 1.40%, 08/15/26 (Call 07/15/26)		570		518,319
Exelon Corp.
2.75%, 03/15/27 (Call 02/15/27)		605		562,788
3.35%, 03/15/32 (Call 12/15/31)(a)		993		865,674
3.40%, 04/15/26 (Call 01/15/26)		796		766,396
3.95%, 06/15/25 (Call 03/15/25)		883		866,500
4.05%, 04/15/30 (Call 01/15/30)		1,367		1,282,066
4.10%, 03/15/52 (Call 09/15/51)		1,230		953,722
4.45%, 04/15/46 (Call 10/15/45)		1,207		1,011,932
4.70%, 04/15/50 (Call 10/15/49)		1,128		978,984
4.95%, 06/15/35 (Call 12/15/34)		352		329,898
5.10%, 06/15/45 (Call 12/15/44)		1,002		915,068
5.15%, 03/15/28 (Call 02/15/28)		875		872,619
5.15%, 03/15/29 (Call 02/15/29)		190		189,187
5.30%, 03/15/33 (Call 12/15/32)(a)		890		881,171
5.45%, 03/15/34 (Call 12/15/33)		450		447,811
5.60%, 03/15/53 (Call 09/15/52)		1,310		1,275,768
5.63%, 06/15/35		890		884,886
7.60%, 04/01/32		870		984,537
Fells Point Funding Trust, 3.05%, 01/31/27 (Call 12/31/26)(b)		1,565		1,464,368
FirstEnergy Transmission LLC
2.87%, 09/15/28 (Call 07/15/28)(a)(b)		879		794,061
4.55%, 04/01/49 (Call 10/01/48)(a)(b)		725		599,763
5.45%, 07/15/44 (Call 01/15/44)(a)(b)		565		531,986
Florida Power & Light Co.
2.45%, 02/03/32 (Call 11/03/31)		2,057		1,716,103
2.85%, 04/01/25 (Call 03/01/25)		1,852		1,805,874
2.88%, 12/04/51 (Call 06/04/51)(a)		1,579		1,026,404
3.13%, 12/01/25 (Call 06/01/25)		1,012		982,185
3.15%, 10/01/49 (Call 04/01/49)		1,108		763,873
3.70%, 12/01/47 (Call 06/01/47)		1,009		785,278

70 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.80%, 12/15/42 (Call 06/15/42)	$	457	$	373,614
3.95%, 03/01/48 (Call 09/01/47)		1,395		1,131,068
3.99%, 03/01/49 (Call 09/01/48)		800		646,496
4.05%, 06/01/42 (Call 12/01/41)		645		546,644
4.05%, 10/01/44 (Call 04/01/44)		815		687,067
4.13%, 02/01/42 (Call 08/01/41)		1,010		868,439
4.13%, 06/01/48 (Call 12/01/47)		547		452,657
4.40%, 05/15/28 (Call 03/15/28)		645		633,293
4.45%, 05/15/26 (Call 04/15/26)		550		545,114
4.63%, 05/15/30 (Call 03/15/30)		645		635,060
4.80%, 05/15/33 (Call 02/15/33)(a)		890		869,690
4.95%, 06/01/35		520		511,136
5.05%, 04/01/28 (Call 03/01/28)		840		846,294
5.10%, 04/01/33 (Call 01/01/33)		1,180		1,174,970
5.13%, 06/01/41 (Call 12/01/40)(a)		260		247,241
5.25%, 02/01/41 (Call 08/01/40)(a)		650		641,446
5.30%, 04/01/53 (Call 10/01/52)(a)		990		978,579
5.63%, 04/01/34(a)		87		90,944
5.65%, 02/01/37		745		766,423
5.69%, 03/01/40(a)		530		542,544
5.95%, 10/01/33(a)		495		515,174
5.95%, 02/01/38		950		1,010,945
5.96%, 04/01/39		585		628,738
Series A, 3.30%, 05/30/27 (Call 02/28/27)		370		351,026
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26)		1,560		1,473,606
Georgia Power Co.
3.25%, 04/01/26 (Call 01/01/26)		762		732,135
3.25%, 03/30/27 (Call 12/30/26)		530		500,760
4.30%, 03/15/42(a)		1,268		1,084,738
4.30%, 03/15/43		757		637,864
4.65%, 05/16/28 (Call 03/16/28)		745		734,225
4.70%, 05/15/32 (Call 02/15/32)		1,075		1,038,947
4.95%, 05/17/33 (Call 11/17/32)(a)		1,015		993,765
5.00%, 02/23/27 (Call 01/23/27)		195		194,633
5.13%, 05/15/52 (Call 11/15/51)(a)		1,105		1,047,462
5.25%, 03/15/34 (Call 09/15/33)		625		622,177
5.40%, 06/01/40(a)		244		234,534
Series 10-C, 4.75%, 09/01/40		734		664,882
Series A, 3.25%, 03/15/51 (Call 09/15/50)		1,085		744,586
Series B, 2.65%, 09/15/29 (Call 06/15/29)		1,168		1,032,984
Series B, 3.70%, 01/30/50 (Call 07/30/49)(a)		627		473,698
Great River Energy, 6.25%, 07/01/38(b)		363		374,591
Iberdrola International BV
5.81%, 03/15/25		545		546,779
6.75%, 07/15/36(a)		980		1,096,217
Idaho Power Co.
3.65%, 03/01/45 (Call 09/01/44)		150		109,616
5.50%, 03/15/53 (Call 09/15/52)(a)		485		476,081
5.80%, 04/01/54 (Call 10/01/53)(a)		280		285,210
Series K, 4.20%, 03/01/48 (Call 09/01/47)		725		585,514
Indiana Michigan Power Co.
3.25%, 05/01/51 (Call 11/01/50)(a)		410		276,973
3.85%, 05/15/28 (Call 02/15/28)		255		243,119
4.25%, 08/15/48 (Call 02/15/48)		570		462,593
5.63%, 04/01/53 (Call 10/01/52)		755		755,581
6.05%, 03/15/37(a)		425		441,717
Series K, 4.55%, 03/15/46 (Call 09/15/45)		605		517,621
Series L, 3.75%, 07/01/47 (Call 01/01/47)		532		396,308
Indianapolis Power & Light Co.
4.05%, 05/01/46 (Call 11/01/45)(b)		825		650,046

Security	Par (000)		Value
Electric (continued)
4.70%, 09/01/45 (Call 03/01/45)(a)(b)	$	390	$	325,610
5.65%, 12/01/32 (Call 09/01/32)(a)(b)		540		549,243
Infraestructura Energetica Nova SAPI de CV
3.75%, 01/14/28(b)		125		117,162
4.75%, 01/15/51 (Call 07/15/50)(b)		655		495,332
4.88%, 01/14/48(b)		487		372,190
Interchile SA, 4.50%, 06/30/56 (Call 12/30/55)(a)(b)		1,295		1,025,219
Interconexion Electrica SA ESP, 3.83%, 11/26/33 (Call 08/26/33)(b)		184		155,940
International Transmission Co., 4.63%, 08/15/43 (Call 02/15/43)		25		21,378
Interstate Power & Light Co.
2.30%, 06/01/30 (Call 03/01/30)(a)		649		547,004
3.10%, 11/30/51 (Call 05/30/51)		165		105,529
3.40%, 08/15/25 (Call 05/15/25)(a)		320		310,349
3.50%, 09/30/49 (Call 03/30/49)(a)		735		523,376
3.60%, 04/01/29 (Call 01/01/29)		289		268,500
3.70%, 09/15/46 (Call 03/15/46)(a)		390		289,430
4.10%, 09/26/28 (Call 06/26/28)		850		814,176
4.70%, 10/15/43 (Call 04/15/43)(a)		372		312,937
5.70%, 10/15/33 (Call 07/15/33)		510		518,778
6.25%, 07/15/39		516		537,649
IPALCO Enterprises Inc., 4.25%, 05/01/30 (Call 02/01/30)		825		759,567
Israel Electric Corp. Ltd.
4.25%, 08/14/28(b)		1,470		1,349,660
7.75%, 12/15/27(b)		100		105,041
ITC Holdings Corp.
2.95%, 05/14/30 (Call 02/14/30)(b)		992		865,802
3.25%, 06/30/26 (Call 03/30/26)		925		883,345
3.35%, 11/15/27 (Call 08/15/27)(a)		952		892,737
4.95%, 09/22/27 (Call 08/22/27)(b)		1,285		1,276,604
5.30%, 07/01/43 (Call 01/01/43)(a)		825		773,608
5.40%, 06/01/33 (Call 03/01/33)(b)		465		459,286
Jersey Central Power & Light Co.
2.75%, 03/01/32 (Call 12/01/31)(a)(b)		485		400,928
4.30%, 01/15/26 (Call 10/15/25)(b)		1,095		1,068,785
6.15%, 06/01/37(a)		188		194,099
Kallpa Generacion SA, 4.13%, 08/16/27 (Call 05/16/27)(b)		660		622,863
Kentucky Power Co., 7.00%, 11/15/33 (Call 08/15/33)(a)(b)		480		506,461
Kentucky Utilities Co.
3.30%, 10/01/25 (Call 07/01/25)(a)		690		666,374
3.30%, 06/01/50 (Call 12/01/49)		950		658,203
4.38%, 10/01/45 (Call 04/01/45)		747		627,728
5.13%, 11/01/40 (Call 05/01/40)		1,100		1,043,549
5.45%, 04/15/33 (Call 01/15/33)		535		540,134
Series 1, 4.65%, 11/15/43 (Call 05/15/43)		269		231,095
Korea East-West Power Co. Ltd.
1.75%, 05/06/25(b)		1,360		1,303,113
3.60%, 05/06/25(a)(b)		135		132,135
Korea Southern Power Co. Ltd., 0.75%, 01/27/26(b)		520		477,112
Liberty Utilities Co.
5.58%, 01/31/29 (Call 12/31/28)(b)		10		10,023
5.87%, 01/31/34 (Call 10/31/33)(b)		460		462,109
Liberty Utilities Finance GP 1, 2.05%, 09/15/30 (Call 06/15/30)(a)(b)		1,313		1,041,933
LLPL Capital Pte Ltd., 6.88%, 02/04/39(a)(b)		468		452,583

S C H E D U L E  O F  I N V E S T M E N T S 71

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Louisville Gas & Electric Co.
4.25%, 04/01/49 (Call 10/01/48)(a)	$	517	$	421,681
4.38%, 10/01/45 (Call 04/01/45)		513		429,884
4.65%, 11/15/43 (Call 05/15/43)(a)		435		376,714
5.13%, 11/15/40 (Call 05/15/40)(a)		355		326,523
5.45%, 04/15/33 (Call 01/15/33)		380		383,693
Series 25, 3.30%, 10/01/25 (Call 07/01/25)		161		156,254
Majapahit Holding BV, 7.88%, 06/29/37(b)		145		169,067
Massachusetts Electric Co.
1.73%, 11/24/30 (Call 08/24/30)(a)(b)		549		431,536
4.00%, 08/15/46 (Call 02/15/46)(b)		550		421,170
5.87%, 02/26/54 (Call 08/26/53)(b)		500		502,087
5.90%, 11/15/39(a)(b)		705		701,147
Metropolitan Edison Co.
4.00%, 04/15/25(a)(b)		185		181,080
4.30%, 01/15/29 (Call 10/15/28)(a)(b)		776		745,727
5.20%, 04/01/28 (Call 03/01/28)(a)(b)		355		354,278
Mexico Generadora de Energia S de rl, 5.50%, 12/06/32(b)		186		181,688
MidAmerican Energy Co.
2.70%, 08/01/52 (Call 02/01/52)		830		510,519
3.10%, 05/01/27 (Call 02/01/27)		623		589,193
3.15%, 04/15/50 (Call 10/15/49)		1,045		714,685
3.65%, 04/15/29 (Call 01/15/29)		1,122		1,058,582
3.65%, 08/01/48 (Call 02/01/48)		787		600,887
3.95%, 08/01/47 (Call 02/01/47)		835		669,404
4.25%, 05/01/46 (Call 11/01/45)		536		449,082
4.25%, 07/15/49 (Call 01/15/49)		1,277		1,075,220
4.40%, 10/15/44 (Call 04/15/44)(a)		158		135,660
4.80%, 09/15/43 (Call 03/15/43)		573		523,833
5.30%, 02/01/55 (Call 08/01/54)		205		199,294
5.35%, 01/15/34 (Call 10/15/33)		450		458,735
5.75%, 11/01/35		305		317,301
5.80%, 10/15/36		650		669,850
5.85%, 09/15/54 (Call 03/15/54)		570		600,163
6.75%, 12/30/31(a)		730		819,431
Mid-Atlantic Interstate Transmission LLC,
4.10%, 05/15/28 (Call 02/15/28)(a)(b)		278		266,241
Minejesa Capital BV
4.63%, 08/10/30(b)		873		824,482
5.63%, 08/10/37(a)(b)		400		349,000
Mississippi Power Co.
3.95%, 03/30/28 (Call 12/30/27)		949		908,859
Series 12-A, 4.25%, 03/15/42		688		572,714
Series B, 3.10%, 07/30/51 (Call 01/30/51)(a)		451		293,374
Monongahela Power Co.
3.55%, 05/15/27 (Call 02/15/27)(a)(b)		850		806,093
5.40%, 12/15/43 (Call 06/15/43)(b)		940		888,116
5.85%, 02/15/34 (Call 11/15/33)(b)		420		427,801
Narragansett Electric Co. (The)
3.40%, 04/09/30 (Call 01/09/30)(b)		977		886,297
3.92%, 08/01/28 (Call 05/01/28)(a)(b)		270		259,277
4.17%, 12/10/42(b)		410		324,136
5.64%, 03/15/40(a)(b)		261		255,684
National Grid PLC
5.42%, 01/11/34 (Call 10/11/33)		675		658,491
5.60%, 06/12/28 (Call 05/12/28)		370		374,604
5.81%, 06/12/33 (Call 03/12/33)		610		616,349
National Grid USA
5.80%, 04/01/35		425		420,416
8.00%, 11/15/30		160		178,776

Security	Par (000)		Value
Electric (continued)
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26 (Call 05/15/26)	$	1,125	$	1,026,763
1.35%, 03/15/31 (Call 12/15/30)		529		411,130
1.65%, 06/15/31 (Call 03/15/31)(a)		658		521,651
2.40%, 03/15/30 (Call 12/15/29)		510		439,904
2.75%, 04/15/32 (Call 01/15/32)(a)		335		281,408
3.05%, 04/25/27 (Call 01/25/27)		720		684,299
3.25%, 11/01/25 (Call 08/01/25)		388		376,161
3.40%, 02/07/28 (Call 11/07/27)		651		615,822
3.45%, 06/15/25		640		625,414
3.70%, 03/15/29 (Call 12/15/28)		592		556,422
3.90%, 11/01/28 (Call 08/01/28)		759		728,919
4.02%, 11/01/32 (Call 05/01/32)(a)		326		299,258
4.15%, 12/15/32 (Call 09/15/32)(a)		637		586,936
4.30%, 03/15/49 (Call 09/15/48)		508		423,127
4.40%, 11/01/48 (Call 05/01/48)		625		527,203
4.45%, 03/13/26 (Call 02/13/26)		345		340,708
4.80%, 02/05/27 (Call 01/05/27)(a)		575		572,134
4.80%, 03/15/28 (Call 02/15/28)(a)		1,005		1,000,366
4.85%, 02/07/29 (Call 01/07/29)		575		569,730
5.00%, 02/07/31 (Call 12/07/30)		450		443,602
5.05%, 09/15/28 (Call 08/15/28)		820		822,478
5.25%, 04/20/46 (Call 04/20/26), (3-mo. LIBOR US + 3.630%)(d)		533		516,193
5.45%, 10/30/25		380		381,240
5.60%, 11/13/26 (Call 10/13/26)		350		354,667
5.80%, 01/15/33 (Call 07/15/32)		930		961,857
7.13%, 09/15/53 (Call 06/15/28), (5-year CMT + 3.533%)(d)		25		25,847
Series C, 8.00%, 03/01/32		740		855,240
Nevada Power Co.
5.38%, 09/15/40 (Call 03/15/40)		542		523,676
5.45%, 05/15/41 (Call 11/15/40)		230		222,332
5.90%, 05/01/53 (Call 11/01/52)		325		333,222
6.00%, 03/15/54 (Call 09/15/53)(a)		665		698,385
Series CC, 3.70%, 05/01/29 (Call 02/01/29)		714		674,347
Series DD, 2.40%, 05/01/30 (Call 02/01/30)		576		489,948
Series EE, 3.13%, 08/01/50 (Call 02/01/50)(a)		440		287,488
Series N, 6.65%, 04/01/36		765		820,619
Series R, 6.75%, 07/01/37(a)		200		221,319
New England Power Co.
2.81%, 10/06/50 (Call 04/06/50)(a)(b)		515		317,822
3.80%, 12/05/47 (Call 06/05/47)(a)(b)		500		376,865
5.94%, 11/25/52 (Call 05/25/52)(a)(b)		430		436,919
New York State Electric & Gas Corp.
2.15%, 10/01/31 (Call 07/01/31)(b)		1,070		848,022
3.25%, 12/01/26 (Call 09/01/26)(b)		307		289,204
3.30%, 09/15/49 (Call 03/15/49)(a)(b)		586		383,438
5.65%, 08/15/28 (Call 07/15/28)(a)(b)		245		250,417
5.85%, 08/15/33 (Call 05/15/33)(b)		245		251,441
NextEra Energy Capital Holdings Inc.
1.88%, 01/15/27 (Call 12/15/26)		1,500		1,368,660
1.90%, 06/15/28 (Call 04/15/28)		1,062		929,518
2.25%, 06/01/30 (Call 03/01/30)		2,302		1,935,849
2.44%, 01/15/32 (Call 10/15/31)(a)		1,419		1,152,456
2.75%, 11/01/29 (Call 08/01/29)		1,400		1,233,447
3.00%, 01/15/52 (Call 07/15/51)		805		510,711
3.50%, 04/01/29 (Call 01/01/29)		710		657,060
3.55%, 05/01/27 (Call 02/01/27)		1,705		1,622,547

72 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.80%, 03/15/82 (Call 03/15/27), (5-year CMT + 2.547%)(d)	$	477	$	422,674
4.45%, 06/20/25		1,300		1,282,480
4.63%, 07/15/27 (Call 06/15/27)		1,610		1,584,164
4.80%, 12/01/77 (Call 12/01/27), (3-mo. LIBOR US + 2.409%)(d)		536		485,767
4.90%, 02/28/28 (Call 01/28/28)		1,855		1,839,365
4.90%, 03/15/29 (Call 02/15/29)		1,175		1,160,380
4.95%, 01/29/26		1,175		1,165,827
5.00%, 02/28/30 (Call 12/28/29)(a)		875		867,917
5.00%, 07/15/32 (Call 04/15/32)		1,405		1,368,418
5.05%, 02/28/33 (Call 11/28/32)(a)		1,055		1,029,344
5.25%, 03/15/34 (Call 12/15/33)		1,175		1,152,492
5.25%, 02/28/53 (Call 08/28/52)		1,320		1,230,298
5.55%, 03/15/54 (Call 09/15/53)		1,765		1,710,322
5.65%, 05/01/79 (Call 05/01/29), (3-mo. LIBOR US + 3.156%)(d)		766		734,751
5.75%, 09/01/25		750		754,006
6.05%, 03/01/25		100		100,360
Niagara Mohawk Power Corp.
1.96%, 06/27/30 (Call 03/27/30)(a)(b)		926		756,766
2.76%, 01/10/32 (Call 10/10/31)(b)		675		554,749
3.03%, 06/27/50 (Call 12/27/49)(b)		445		276,737
4.12%, 11/28/42(b)		365		290,043
4.28%, 12/15/28 (Call 09/15/28)(a)(b)		548		520,648
4.28%, 10/01/34 (Call 04/01/34)(b)		381		338,928
5.29%, 01/17/34 (Call 10/17/33)(b)		825		804,905
5.66%, 01/17/54 (Call 07/17/53)(b)		960		932,093
5.78%, 09/16/52 (Call 03/16/52)(a)(b)		815		812,741
Northern States Power Co./MN
2.25%, 04/01/31 (Call 10/01/30)		410		343,485
2.60%, 06/01/51 (Call 12/01/50)		522		322,366
2.90%, 03/01/50 (Call 09/01/49)		801		522,880
3.20%, 04/01/52 (Call 10/01/51)		412		283,329
3.40%, 08/15/42 (Call 02/15/42)(a)		436		330,846
3.60%, 05/15/46 (Call 11/15/45)		399		304,177
3.60%, 09/15/47 (Call 03/15/47)		691		523,405
4.00%, 08/15/45 (Call 02/15/45)(a)		516		416,032
4.13%, 05/15/44 (Call 11/15/43)(a)		432		356,254
4.50%, 06/01/52 (Call 12/01/51)		665		580,443
4.85%, 08/15/40 (Call 02/15/40)(a)		396		359,369
5.10%, 05/15/53 (Call 11/15/52)(a)		580		554,541
5.25%, 07/15/35(a)		235		234,342
5.35%, 11/01/39		410		404,400
5.40%, 03/15/54 (Call 09/15/53)		505		499,636
6.20%, 07/01/37(a)		539		578,369
6.25%, 06/01/36(a)		710		769,193
NorthWestern Corp., 4.18%, 11/15/44 (Call 05/15/44)(a)		400		321,701
NRG Energy Inc.
2.00%, 12/02/25 (Call 11/02/25)(b)		841		787,954
2.45%, 12/02/27 (Call 10/02/27)(a)(b)		1,283		1,145,908
4.45%, 06/15/29 (Call 03/15/29)(a)(b)		643		597,607
7.00%, 03/15/33 (Call 12/15/32)(b)		1,135		1,181,699
NSTAR Electric Co.
1.95%, 08/15/31 (Call 05/15/31)		382		304,978
2.70%, 06/01/26 (Call 03/01/26)		285		269,260
3.10%, 06/01/51 (Call 12/01/50)(a)		710		474,213
3.20%, 05/15/27 (Call 02/15/27)		954		909,347
3.25%, 11/15/25 (Call 08/15/25)(a)		327		315,734
3.25%, 05/15/29 (Call 02/15/29)		695		647,077

Security	Par (000)		Value
Electric (continued)
3.95%, 04/01/30 (Call 01/01/30)	$	625	$	585,800
4.40%, 03/01/44 (Call 09/01/43)(a)		310		266,964
4.55%, 06/01/52 (Call 12/01/51)		659		573,312
4.95%, 09/15/52 (Call 03/15/52)		230		213,112
5.50%, 03/15/40		465		462,580
Oglethorpe Power Corp.
3.75%, 08/01/50 (Call 02/01/50)		740		532,695
4.20%, 12/01/42(a)		460		360,523
4.25%, 04/01/46 (Call 10/01/45)		538		415,149
4.50%, 04/01/47 (Call 10/01/46)		540		439,335
4.55%, 06/01/44		80		65,965
5.05%, 10/01/48 (Call 04/01/48)		734		647,933
5.25%, 09/01/50		470		435,333
5.38%, 11/01/40(a)		525		492,161
5.95%, 11/01/39		586		584,441
6.19%, 01/01/31(b)		162		160,947
6.20%, 12/01/53 (Call 06/01/53)(a)(b)		575		591,418
Ohio Edison Co.
6.88%, 07/15/36		700		772,136
8.25%, 10/15/38		300		368,632
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)(a)		375		290,834
4.15%, 04/01/48 (Call 10/01/47)		575		457,909
5.00%, 06/01/33 (Call 03/01/33)		290		284,710
Series D, 6.60%, 03/01/33		565		604,915
Series F, 5.85%, 10/01/35		390		394,809
Series G, 6.60%, 02/15/33(a)		435		470,842
Series P, 2.60%, 04/01/30 (Call 01/01/30)		370		320,387
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		317		252,885
Series R, 2.90%, 10/01/51 (Call 04/01/51)(a)		635		407,054
Oklahoma Gas & Electric Co.
3.25%, 04/01/30 (Call 10/01/29)		596		534,553
3.30%, 03/15/30 (Call 09/15/29)		449		404,152
3.80%, 08/15/28 (Call 02/15/28)		626		599,781
3.85%, 08/15/47 (Call 02/15/47)		605		458,718
3.90%, 05/01/43 (Call 11/01/42)(a)		190		150,955
4.00%, 12/15/44 (Call 06/15/44)		260		203,578
4.15%, 04/01/47 (Call 10/01/46)		755		601,416
4.55%, 03/15/44 (Call 09/15/43)		250		211,900
5.25%, 05/15/41 (Call 11/15/40)		65		61,193
5.40%, 01/15/33 (Call 07/15/32)		315		320,580
5.60%, 04/01/53 (Call 10/01/52)		380		382,746
5.85%, 06/01/40(a)		170		171,175
Oncor Electric Delivery Co. LLC
0.55%, 10/01/25 (Call 09/01/25)		744		691,767
2.70%, 11/15/51 (Call 05/15/51)(a)		925		571,758
2.75%, 05/15/30 (Call 02/15/30)		745		655,125
2.95%, 04/01/25 (Call 01/01/25)(a)		538		524,706
3.10%, 09/15/49 (Call 03/15/49)		1,174		805,891
3.70%, 11/15/28 (Call 08/15/28)		575		544,808
3.70%, 05/15/50 (Call 11/15/49)		654		497,161
3.75%, 04/01/45 (Call 10/01/44)(a)		825		655,367
3.80%, 09/30/47 (Call 03/30/47)		625		480,195
3.80%, 06/01/49 (Call 12/01/48)		565		443,782
4.10%, 11/15/48 (Call 05/15/48)		713		586,541
4.15%, 06/01/32 (Call 03/01/32)(a)		390		364,953
4.30%, 05/15/28 (Call 04/15/28)(a)		25		24,342
4.55%, 09/15/32 (Call 06/15/32)		760		730,089
4.55%, 12/01/41 (Call 06/01/41)		525		475,208
4.60%, 06/01/52 (Call 12/01/51)		700		618,995
4.95%, 09/15/52 (Call 03/15/52)		570		530,470

S C H E D U L E  O F  I N V E S T M E N T S 73

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.25%, 09/30/40	$	285	$	282,882
5.30%, 06/01/42 (Call 12/01/41)(a)		585		590,816
5.35%, 10/01/52 (Call 04/01/52)		497		493,341
5.65%, 11/15/33 (Call 08/15/33)		695		717,957
7.00%, 05/01/32		520		578,841
7.25%, 01/15/33		750		852,446
7.50%, 09/01/38(a)		500		596,655
Pacific Gas and Electric Co.
2.10%, 08/01/27 (Call 06/01/27)		835		747,793
2.50%, 02/01/31 (Call 11/01/30)		2,217		1,816,774
2.95%, 03/01/26 (Call 12/01/25)		1,117		1,060,038
3.00%, 06/15/28 (Call 04/15/28)		765		694,597
3.15%, 01/01/26		1,345		1,285,715
3.25%, 06/01/31 (Call 03/01/31)(a)		1,015		870,863
3.30%, 03/15/27 (Call 12/15/26)		760		712,297
3.30%, 12/01/27 (Call 09/01/27)		1,855		1,716,432
3.30%, 08/01/40 (Call 02/01/40)		1,271		915,274
3.45%, 07/01/25		807		783,796
3.50%, 06/15/25 (Call 03/15/25)		884		857,644
3.50%, 08/01/50 (Call 02/01/50)		2,297		1,546,340
3.75%, 07/01/28		1,468		1,366,596
3.75%, 08/15/42 (Call 02/15/42)(a)		639		466,148
3.95%, 12/01/47 (Call 06/01/47)		1,271		924,971
4.00%, 12/01/46 (Call 06/01/46)		978		713,124
4.20%, 03/01/29 (Call 01/01/29)		1,095		1,032,339
4.20%, 06/01/41 (Call 12/01/40)		705		554,190
4.25%, 03/15/46 (Call 09/15/45)(a)		725		552,423
4.30%, 03/15/45 (Call 09/15/44)(a)		875		683,150
4.40%, 03/01/32 (Call 12/01/31)		1,135		1,031,710
4.45%, 04/15/42 (Call 10/15/41)(a)		826		665,893
4.50%, 07/01/40 (Call 01/01/40)(a)		2,423		2,030,224
4.50%, 12/15/41 (Call 06/15/41)		553		427,363
4.55%, 07/01/30 (Call 01/01/30)		3,372		3,164,738
4.60%, 06/15/43 (Call 12/15/42)		805		661,876
4.65%, 08/01/28 (Call 05/01/28)(a)		560		535,443
4.75%, 02/15/44 (Call 08/15/43)		917		765,597
4.95%, 06/08/25		740		732,926
4.95%, 07/01/50 (Call 01/01/50)		3,886		3,298,551
5.25%, 03/01/52 (Call 09/01/51)		865		766,955
5.45%, 06/15/27 (Call 05/15/27)(a)		900		898,573
5.55%, 05/15/29 (Call 04/15/29)		875		876,806
5.80%, 05/15/34 (Call 02/15/34)		875		874,080
5.90%, 06/15/32 (Call 03/15/32)		1,171		1,177,480
6.10%, 01/15/29 (Call 12/15/28)		725		742,156
6.15%, 01/15/33 (Call 10/15/32)		1,090		1,115,004
6.40%, 06/15/33 (Call 03/15/33)(a)		1,175		1,221,660
6.70%, 04/01/53 (Call 10/01/52)(a)		780		834,397
6.75%, 01/15/53 (Call 07/15/52)		950		1,016,621
6.95%, 03/15/34 (Call 12/15/33)(a)		1,090		1,178,009
PacifiCorp
2.90%, 06/15/52 (Call 12/15/51)		1,340		816,384
3.30%, 03/15/51 (Call 09/15/50)		647		424,731
3.35%, 07/01/25 (Call 04/01/25)(a)		295		287,235
4.10%, 02/01/42 (Call 08/01/41)		585		462,100
4.13%, 01/15/49 (Call 07/15/48)		852		665,323
4.15%, 02/15/50 (Call 08/15/49)		882		686,379
5.10%, 02/15/29 (Call 01/15/29)(a)		760		757,462
5.25%, 06/15/35(a)		210		204,529
5.35%, 12/01/53 (Call 06/01/53)		1,220		1,126,875
5.50%, 05/15/54 (Call 11/15/53)		1,150		1,073,999
5.75%, 04/01/37		1,012		1,005,734

Security	Par (000)		Value
Electric (continued)
6.00%, 01/15/39(a)	$	881	$	906,254
6.10%, 08/01/36		524		543,756
6.25%, 10/15/37(a)		846		871,724
6.35%, 07/15/38(a)		389		408,533
PacifiCorp.
2.70%, 09/15/30 (Call 06/15/30)(a)		972		834,386
3.50%, 06/15/29 (Call 03/15/29)(a)		445		409,867
5.30%, 02/15/31 (Call 12/15/30)		760		751,845
5.45%, 02/15/34 (Call 11/15/33)		1,065		1,049,572
5.80%, 01/15/55 (Call 07/15/54)(a)		1,445		1,395,419
7.70%, 11/15/31		242		277,329
Palomino Funding Trust I, 7.23%, 05/17/28 (Call 04/17/28)(b)		700		729,471
PECO Energy Co.
2.80%, 06/15/50 (Call 12/15/49)(a)		533		344,800
2.85%, 09/15/51 (Call 03/15/51)		550		353,099
3.00%, 09/15/49 (Call 03/15/49)		644		430,879
3.05%, 03/15/51 (Call 09/15/50)(a)		375		251,255
3.15%, 10/15/25 (Call 07/15/25)		332		322,613
3.70%, 09/15/47 (Call 03/15/47)(a)		450		349,275
3.90%, 03/01/48 (Call 09/01/47)		665		534,310
4.15%, 10/01/44 (Call 04/01/44)(a)		480		401,242
4.38%, 08/15/52 (Call 02/15/52)		280		239,426
4.60%, 05/15/52 (Call 11/15/51)		505		447,952
4.80%, 10/15/43 (Call 04/15/43)		615		547,642
4.90%, 06/15/33 (Call 03/15/33)(a)		465		461,050
5.95%, 10/01/36		250		264,916
Pennsylvania Electric Co.
3.25%, 03/15/28 (Call 12/15/27)(a)(b)		575		530,723
3.60%, 06/01/29 (Call 03/01/29)(b)		339		313,010
6.15%, 10/01/38(a)		460		467,413
Pertamina Geothermal Energy PT, 5.15%, 04/27/28 (Call 03/27/28)(b)		206		204,712
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
3.00%, 06/30/30 (Call 03/30/30)(b)		907		780,207
3.38%, 02/05/30(b)		260		230,750
3.88%, 07/17/29(a)(b)		575		529,417
4.00%, 06/30/50 (Call 12/30/49)(b)		1,235		876,946
4.13%, 05/15/27(b)		2,357		2,253,881
4.38%, 02/05/50(b)		795		603,890
4.88%, 07/17/49(a)(b)		1,133		924,410
5.25%, 10/24/42(a)(b)		1,443		1,292,488
5.25%, 05/15/47(a)(b)		545		477,041
5.38%, 01/25/29(b)		1,000		991,492
5.45%, 05/21/28(b)		1,530		1,520,616
6.15%, 05/21/48(b)		1,460		1,414,375
6.25%, 01/25/49(a)(b)		824		807,520
Pinnacle West Capital Corp., 1.30%, 06/15/25 (Call 05/15/25)		807		765,975
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)		793		667,215
5.20%, 03/15/34 (Call 12/15/33)		425		422,809
5.50%, 03/15/54 (Call 09/15/53)		425		421,644
6.50%, 11/15/37		403		443,878
7.90%, 12/15/38(a)		285		359,350
PPL Capital Funding Inc.
3.10%, 05/15/26 (Call 02/15/26)		1,023		975,231
4.13%, 04/15/30 (Call 01/15/30)(a)		239		222,665
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		399		271,857

74 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.95%, 06/01/47 (Call 12/01/46)	$	542	$	436,629
4.13%, 06/15/44 (Call 12/15/43)		380		318,263
4.15%, 10/01/45 (Call 04/01/45)		411		339,078
4.15%, 06/15/48 (Call 12/15/47)		619		517,320
4.75%, 07/15/43 (Call 01/15/43)		170		155,626
4.85%, 02/15/34 (Call 11/15/33)		630		613,473
5.00%, 05/15/33 (Call 02/15/33)		730		725,444
5.25%, 05/15/53 (Call 11/15/52)		840		816,131
6.25%, 05/15/39(a)		355		383,933
Progress Energy Inc.
6.00%, 12/01/39		844		851,945
7.00%, 10/30/31		610		672,742
7.75%, 03/01/31		969		1,095,887
Public Service Co. of Colorado
1.88%, 06/15/31 (Call 12/15/30)		755		607,660
2.90%, 05/15/25 (Call 11/15/24)		648		628,191
3.55%, 06/15/46 (Call 12/15/45)		410		288,113
3.60%, 09/15/42 (Call 03/15/42)		678		521,457
3.70%, 06/15/28 (Call 12/15/27)		203		193,549
3.80%, 06/15/47 (Call 12/15/46)		518		390,763
3.95%, 03/15/43 (Call 09/15/42)(a)		355		275,712
4.05%, 09/15/49 (Call 03/15/49)		510		397,756
4.10%, 06/01/32 (Call 03/01/32)(a)		400		370,937
4.10%, 06/15/48 (Call 12/15/47)		645		512,812
4.30%, 03/15/44 (Call 09/15/43)		546		453,690
4.50%, 06/01/52 (Call 12/01/51)(a)		530		445,839
4.75%, 08/15/41 (Call 02/15/41)		185		165,742
5.25%, 04/01/53 (Call 10/01/52)		1,105		1,044,912
6.50%, 08/01/38(a)		115		125,925
Series 17, 6.25%, 09/01/37		606		641,352
Series 34, 3.20%, 03/01/50 (Call 09/01/49)(a)		797		540,457
Series 35, 1.90%, 01/15/31 (Call 07/15/30)		987		802,735
Series 36, 2.70%, 01/15/51 (Call 07/15/50)		695		420,293
Public Service Co. of New Hampshire
3.60%, 07/01/49 (Call 01/01/49)		390		295,845
5.15%, 01/15/53 (Call 07/15/52)		505		482,977
5.35%, 10/01/33 (Call 07/01/33)		605		612,048
Series V, 2.20%, 06/15/31 (Call 03/15/31)		548		452,508
Public Service Co. of New Mexico, 3.85%, 08/01/25 (Call 05/01/25)		675		655,901
Public Service Co. of Oklahoma
5.25%, 01/15/33 (Call 10/15/32)		920		912,405
Series G, 6.63%, 11/15/37		410		443,796
Series J, 2.20%, 08/15/31 (Call 05/15/31)		360		292,995
Series K, 3.15%, 08/15/51 (Call 02/15/51)(a)		305		204,243
Public Service Electric & Gas Co.
0.95%, 03/15/26 (Call 02/15/26)		951		879,793
1.90%, 08/15/31 (Call 05/15/31)		635		511,210
2.05%, 08/01/50 (Call 02/01/50)		566		315,107
2.25%, 09/15/26 (Call 06/15/26)		595		557,720
2.45%, 01/15/30 (Call 10/15/29)		595		517,450
2.70%, 05/01/50 (Call 11/01/49)		515		330,732
3.00%, 05/15/25 (Call 02/15/25)(a)		347		338,173
3.00%, 05/15/27 (Call 02/15/27)		735		694,539
3.00%, 03/01/51 (Call 09/01/50)		449		296,254
3.10%, 03/15/32 (Call 12/15/31)(a)		910		793,941
3.15%, 01/01/50 (Call 07/01/49)		325		226,321
3.20%, 05/15/29 (Call 02/15/29)		135		124,471
3.20%, 08/01/49 (Call 02/01/49)		546		385,923
3.60%, 12/01/47 (Call 06/01/47)		534		407,665
3.65%, 09/01/28 (Call 06/01/28)(a)		667		635,462

Security	Par (000)		Value
Electric (continued)
3.65%, 09/01/42 (Call 03/01/42)	$	570	$	449,938
3.70%, 05/01/28 (Call 02/01/28)		165		157,824
3.80%, 01/01/43 (Call 07/01/42)		640		521,180
3.80%, 03/01/46 (Call 09/01/45)		780		613,434
3.85%, 05/01/49 (Call 11/01/48)(a)		489		390,787
3.95%, 05/01/42 (Call 11/01/41)		385		322,040
4.05%, 05/01/48 (Call 11/01/47)(a)		415		345,309
4.15%, 11/01/45 (Call 05/01/45)		425		342,365
4.65%, 03/15/33 (Call 12/15/32)(a)		535		517,821
4.90%, 12/15/32 (Call 09/15/32)		621		613,473
5.13%, 03/15/53 (Call 09/15/52)(a)		485		468,881
5.20%, 08/01/33 (Call 05/01/33)		145		146,507
5.20%, 03/01/34 (Call 12/01/33)		625		625,143
5.38%, 11/01/39		360		348,236
5.45%, 08/01/53 (Call 02/01/53)(a)		300		301,479
5.45%, 03/01/54 (Call 09/01/53)		625		625,402
5.50%, 03/01/40(a)		395		395,717
5.80%, 05/01/37		360		371,381
Series I, 4.00%, 06/01/44 (Call 12/01/43)		370		294,269
Series K, 4.05%, 05/01/45 (Call 11/01/44)(a)		260		206,528
Public Service Enterprise Group Inc.
0.80%, 08/15/25 (Call 07/15/25)		663		620,714
1.60%, 08/15/30 (Call 05/15/30)		632		507,950
2.45%, 11/15/31 (Call 08/15/31)		1,165		948,415
5.85%, 11/15/27 (Call 10/15/27)		1,140		1,168,116
5.88%, 10/15/28 (Call 09/15/28)		975		1,000,801
6.13%, 10/15/33 (Call 07/15/33)		580		604,463
Puget Energy Inc.
2.38%, 06/15/28 (Call 04/15/28)		790		701,837
3.65%, 05/15/25 (Call 02/15/25)		732		713,098
4.10%, 06/15/30 (Call 03/15/30)(a)		595		538,666
4.22%, 03/15/32 (Call 12/15/31)		570		509,937
Puget Sound Energy Inc.
2.89%, 09/15/51 (Call 03/15/51)(a)		340		215,578
3.25%, 09/15/49 (Call 03/15/49)		780		527,776
4.22%, 06/15/48 (Call 12/15/47)		425		342,088
4.30%, 05/20/45 (Call 11/20/44)(a)		762		626,883
4.43%, 11/15/41 (Call 05/15/41)		409		343,432
5.45%, 06/01/53 (Call 12/01/52)		285		281,888
5.48%, 06/01/35(a)		270		269,676
5.64%, 04/15/41 (Call 10/15/40)		205		203,663
5.76%, 10/01/39		590		594,533
5.76%, 07/15/40(a)		370		368,652
5.80%, 03/15/40		525		527,657
6.27%, 03/15/37		275		287,938
6.72%, 06/15/36(a)		230		250,418
7.02%, 12/01/27(a)		380		398,841
Rochester Gas and Electric Corp., 3.10%, 06/01/27 (Call 03/01/27)(a)(b)		689		645,904
Ruwais Power Co. PJSC, 6.00%, 08/31/36(b)		205		202,765
San Diego Gas & Electric Co.
2.50%, 05/15/26 (Call 02/15/26)		1,170		1,109,534
3.70%, 03/15/52 (Call 09/15/51)		230		170,842
3.95%, 11/15/41(a)		297		239,486
4.15%, 05/15/48 (Call 11/15/47)		604		497,435
4.30%, 04/01/42 (Call 10/01/41)		571		480,562
4.50%, 08/15/40		829		736,833
4.95%, 08/15/28 (Call 07/15/28)		1,175		1,174,724
5.35%, 05/15/35		395		391,985
5.35%, 05/15/40(a)		250		240,353
5.35%, 04/01/53 (Call 10/01/52)		780		756,651

S C H E D U L E  O F  I N V E S T M E N T S 75

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
6.00%, 06/01/26(a)	$	232	$	236,212
6.00%, 06/01/39		370		386,419
Series FFF, 6.13%, 09/15/37		10		10,106
Series RRR, 3.75%, 06/01/47 (Call 12/01/46)		512		395,649
Series TTT, 4.10%, 06/15/49 (Call 12/15/48)(a)		605		488,944
Series UUU, 3.32%, 04/15/50 (Call 10/15/49)		632		439,085
Series VVV, 1.70%, 10/01/30 (Call 07/01/30)		1,033		840,957
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)(a)		1,065		708,875
Series XXX, 3.00%, 03/15/32 (Call 12/15/31)		860		743,841
Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/43(a)(b)		825		771,410
Saudi Electricity Global Sukuk Co. 3, 5.50%, 04/08/44(a)(b)		1,096		1,065,860
Sempra
3.25%, 06/15/27 (Call 03/15/27)		1,044		982,318
3.30%, 04/01/25 (Call 03/01/25)		300		292,889
3.40%, 02/01/28 (Call 11/01/27)		272		255,787
3.70%, 04/01/29 (Call 02/01/29)		785		730,473
3.80%, 02/01/38 (Call 08/01/37)		1,158		950,183
4.00%, 02/01/48 (Call 08/01/47)		930		723,178
4.13%, 04/01/52 (Call 01/01/27), (5-year CMT + 2.868%)(d)		1,235		1,133,075
5.40%, 08/01/26 (Call 07/01/26)		625		626,563
5.50%, 08/01/33 (Call 05/01/33)(a)		840		834,816
6.00%, 10/15/39		1,244		1,257,869
Sierra Pacific Power Co.
2.60%, 05/01/26 (Call 02/01/26)		957		906,624
5.90%, 03/15/54 (Call 09/15/53)(b)		725		741,588
Series P, 6.75%, 07/01/37(a)		185		196,481
Solar Star Funding LLC, 5.38%, 06/30/35(b)		89		87,776
Southern California Edison Co.
2.25%, 06/01/30 (Call 03/01/30)		898		758,158
2.75%, 02/01/32 (Call 11/01/31)		717		602,908
2.85%, 08/01/29 (Call 05/01/29)		866		774,793
3.45%, 02/01/52 (Call 08/01/51)		955		666,283
3.65%, 02/01/50 (Call 08/01/49)		1,272		931,011
3.90%, 12/01/41 (Call 06/01/41)(a)		380		301,550
4.00%, 04/01/47 (Call 10/01/46)		2,413		1,883,074
4.05%, 03/15/42 (Call 09/15/41)		570		467,916
4.50%, 09/01/40 (Call 03/01/40)		902		786,551
4.65%, 10/01/43 (Call 04/01/43)		961		841,591
4.88%, 02/01/27 (Call 01/01/27)		725		720,988
4.90%, 06/01/26 (Call 05/01/26)		505		501,490
5.15%, 06/01/29 (Call 05/01/29)		625		625,144
5.20%, 06/01/34 (Call 03/01/34)		750		733,603
5.30%, 03/01/28 (Call 02/01/28)		840		847,990
5.35%, 03/01/26		625		625,503
5.50%, 03/15/40		489		483,672
5.63%, 02/01/36(a)		303		302,107
5.65%, 10/01/28 (Call 09/01/28)		270		276,484
5.70%, 03/01/53 (Call 09/01/52)		45		44,740
5.75%, 04/15/54 (Call 10/15/53)		625		622,481
5.85%, 11/01/27 (Call 10/01/27)		1,250		1,279,905
5.88%, 12/01/53 (Call 06/01/53)		760		770,831
5.95%, 11/01/32 (Call 08/01/32)(a)		1,015		1,058,348
6.00%, 01/15/34		892		931,144
6.05%, 03/15/39(a)		835		860,742

Security	Par (000)		Value
Electric (continued)
6.65%, 04/01/29	$	545	$	572,241
Series 04-G, 5.75%, 04/01/35		425		427,734
Series 05-B, 5.55%, 01/15/36(a)		235		232,493
Series 05-E, 5.35%, 07/15/35(a)		472		470,520
Series 06-E, 5.55%, 01/15/37		875		868,469
Series 08-A, 5.95%, 02/01/38		935		958,861
Series 13-A, 3.90%, 03/15/43 (Call 09/15/42)(a)		700		553,659
Series 2020-C, 1.20%, 02/01/26 (Call 01/01/26)		736		682,516
Series 20A, 2.95%, 02/01/51 (Call 08/01/50)(a)		820		526,867
Series A, 4.20%, 03/01/29 (Call 12/01/28)		853		821,484
Series B, 3.65%, 03/01/28 (Call 12/01/27)		475		450,005
Series B, 4.88%, 03/01/49 (Call 09/01/48)		807		717,820
Series C, 3.60%, 02/01/45 (Call 08/01/44)		679		502,377
Series C, 4.13%, 03/01/48 (Call 09/01/47)		1,770		1,415,590
Series C, 4.20%, 06/01/25		380		374,480
Series D, 4.70%, 06/01/27 (Call 05/01/27)		905		895,107
Series E, 3.70%, 08/01/25 (Call 06/01/25)		1,171		1,143,854
Series E, 5.45%, 06/01/52 (Call 12/01/51)(a)		470		450,639
Series G, 2.50%, 06/01/31 (Call 03/01/31)		356		298,899
Series H, 3.65%, 06/01/51 (Call 12/01/50)(a)		640		470,019
Southern Co. (The)
3.25%, 07/01/26 (Call 04/01/26)		2,267		2,167,909
4.25%, 07/01/36 (Call 01/01/36)		289		255,655
4.40%, 07/01/46 (Call 01/01/46)		2,535		2,136,639
4.85%, 06/15/28 (Call 04/15/28)		960		951,250
5.11%, 08/01/27		1,025		1,022,425
5.15%, 10/06/25		751		749,971
5.20%, 06/15/33 (Call 12/15/32)		880		866,249
5.50%, 03/15/29 (Call 01/15/29)(a)		1,275		1,293,133
5.70%, 10/15/32 (Call 04/15/32)		820		839,540
5.70%, 03/15/34 (Call 09/15/33)		1,025		1,044,152
Series 21-A, 3.75%, 09/15/51 (Call 06/15/26), (5-year CMT + 2.915%)(d)		970		909,722
Series 21-B, 1.75%, 03/15/28 (Call 01/15/28)		647		569,041
Series A, 3.70%, 04/30/30 (Call 01/30/30)		910		838,941
Series B, 4.00%, 01/15/51 (Call 10/15/25), (5-year CMT + 3.733%)(a)(d)		1,280		1,229,198
Southern Power Co.
0.90%, 01/15/26 (Call 12/15/25)		832		766,038
4.15%, 12/01/25 (Call 09/01/25)		759		746,070
5.15%, 09/15/41		583		537,110
5.25%, 07/15/43		576		531,524
Series F, 4.95%, 12/15/46 (Call 06/15/46)		563		493,299
Southwestern Electric Power Co.
3.25%, 11/01/51 (Call 05/01/51)(a)		500		328,269
5.30%, 04/01/33 (Call 01/01/33)(a)		695		685,662
6.20%, 03/15/40(a)		490		505,198
Series J, 3.90%, 04/01/45 (Call 10/01/44)		524		400,442
Series K, 2.75%, 10/01/26 (Call 07/01/26)		971		911,568
Series L, 3.85%, 02/01/48 (Call 08/01/47)		564		412,050
Series M, 4.10%, 09/15/28 (Call 06/15/28)		1,203		1,152,969
Series N, 1.65%, 03/15/26 (Call 02/15/26)		825		767,562
Southwestern Public Service Co.
3.40%, 08/15/46 (Call 02/15/46)		545		379,018
3.70%, 08/15/47 (Call 02/15/47)		677		481,013
3.75%, 06/15/49 (Call 12/15/48)		537		388,978
4.50%, 08/15/41 (Call 02/15/41)		490		405,507

76 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
6.00%, 10/01/36	$	411	$	411,570
Series 6, 4.40%, 11/15/48 (Call 05/15/48)(a)		398		317,055
Series 8, 3.15%, 05/01/50 (Call 11/01/49)		835		537,583
SP Group Treasury Pte. Ltd., 3.38%, 02/27/29 (Call 11/27/28)(b)		906		843,736
SP PowerAssets Ltd.
3.00%, 09/26/27(a)(b)		200		187,683
3.25%, 11/24/25(a)(b)		921		892,078
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak
3.25%, 04/14/29 (Call 04/14/24)(b)		80		74,109
4.85%, 10/14/38 (Call 10/14/29)(a)(b)		745		679,946
State Grid Overseas Investment 2014 Ltd.,
4.85%, 05/07/44(a)(b)		855		826,445
State Grid Overseas Investment BVI Ltd.
2.88%, 05/18/26(b)		85		81,146
3.50%, 05/04/27(b)		3,940		3,782,809
4.00%, 05/04/47(a)(b)		677		575,290
4.25%, 05/02/28(a)(b)		905		890,443
System Energy Resources Inc., 6.00%, 04/15/28 (Call 03/15/28)		330		333,844
Tampa Electric Co.
2.40%, 03/15/31 (Call 12/15/30)(a)		571		473,467
3.45%, 03/15/51 (Call 09/15/50)(a)		629		437,221
3.63%, 06/15/50 (Call 12/15/49)(a)		465		338,407
4.10%, 06/15/42 (Call 12/15/41)		370		301,752
4.20%, 05/15/45 (Call 11/15/44)		435		341,705
4.30%, 06/15/48 (Call 12/15/47)		272		223,337
4.35%, 05/15/44 (Call 11/15/43)		437		363,387
4.45%, 06/15/49 (Call 12/15/48)		533		452,382
4.90%, 03/01/29 (Call 02/01/29)		430		427,718
5.00%, 07/15/52 (Call 01/15/52)(a)		421		383,257
6.15%, 05/15/37(a)		220		226,811
6.55%, 05/15/36		585		620,813
Three Gorges Finance I Cayman Islands Ltd.
1.30%, 09/22/25 (Call 08/22/25)(b)		700		658,891
3.15%, 06/02/26(a)(b)		730		699,675
Tierra Mojada Luxembourg II Sarl, 5.75%, 12/01/40 (Call 12/01/37)(b)		737		658,470
Toledo Edison Co. (The), 6.15%, 05/15/37		272		286,619
Trans-Allegheny Interstate Line Co., 3.85%, 06/01/25 (Call 03/01/25)(a)(b)		359		351,367
Tri-State Generation & Transmission Association Inc.
4.70%, 11/01/44 (Call 05/01/44)		385		293,528
6.00%, 06/15/40(b)		747		699,808
Tucson Electric Power Co.
1.50%, 08/01/30 (Call 05/01/30)(a)		787		631,788
3.05%, 03/15/25 (Call 12/15/24)		597		582,580
3.25%, 05/15/32 (Call 02/15/32)(a)		395		341,970
3.25%, 05/01/51 (Call 11/01/50)(a)		441		296,120
4.00%, 06/15/50 (Call 12/15/49)(a)		622		478,023
4.85%, 12/01/48 (Call 06/01/48)(a)		381		336,926
5.50%, 04/15/53 (Call 10/15/52)		505		493,350
Union Electric Co.
2.15%, 03/15/32 (Call 12/15/31)		795		639,608
2.63%, 03/15/51 (Call 09/15/50)		775		468,052
2.95%, 06/15/27 (Call 03/15/27)		526		493,386
2.95%, 03/15/30 (Call 12/15/29)		140		124,073
3.25%, 10/01/49 (Call 04/01/49)(a)		660		449,811
3.50%, 03/15/29 (Call 12/15/28)		491		457,880

Security	Par (000)		Value
Electric (continued)
3.65%, 04/15/45 (Call 10/15/44)	$	732	$	550,798
3.90%, 09/15/42 (Call 03/15/42)		420		339,893
3.90%, 04/01/52 (Call 10/01/51)(a)		685		533,221
4.00%, 04/01/48 (Call 10/01/47)		652		513,431
5.25%, 01/15/54 (Call 07/15/53)		475		449,738
5.30%, 08/01/37(a)		385		382,901
5.45%, 03/15/53 (Call 09/15/52)		675		662,281
8.45%, 03/15/39		390		496,149
Virginia Electric & Power Co.
2.30%, 11/15/31 (Call 08/15/31)		675		556,372
2.40%, 03/30/32 (Call 12/30/31)(a)		585		482,853
2.45%, 12/15/50 (Call 06/15/50)		1,509		875,294
2.95%, 11/15/51 (Call 05/15/51)		505		323,903
3.30%, 12/01/49 (Call 06/01/49)		552		388,743
4.00%, 01/15/43 (Call 07/15/42)(a)		620		506,343
4.45%, 02/15/44 (Call 08/15/43)		685		589,170
4.60%, 12/01/48 (Call 06/01/48)		790		686,507
5.00%, 04/01/33 (Call 01/01/33)		930		911,299
5.00%, 01/15/34 (Call 10/15/33)		905		879,728
5.30%, 08/15/33 (Call 05/15/33)		120		119,915
5.35%, 01/15/54 (Call 07/15/53)		425		409,029
5.45%, 04/01/53 (Call 10/01/52)		1,045		1,023,375
5.70%, 08/15/53 (Call 02/15/53)(a)		760		769,131
6.35%, 11/30/37		812		868,111
8.88%, 11/15/38		813		1,081,053
Series A, 2.88%, 07/15/29 (Call 04/15/29)(a)		780		705,801
Series A, 3.10%, 05/15/25 (Call 02/15/25)		344		334,509
Series A, 3.15%, 01/15/26 (Call 10/15/25)		1,177		1,136,621
Series A, 3.50%, 03/15/27 (Call 12/15/26)		880		842,685
Series A, 3.80%, 04/01/28 (Call 01/01/28)		1,148		1,100,966
Series A, 6.00%, 05/15/37		960		996,702
Series B, 2.95%, 11/15/26 (Call 08/15/26)		567		537,339
Series B, 3.75%, 05/15/27 (Call 04/15/27)		478		459,737
Series B, 3.80%, 09/15/47 (Call 03/15/47)(a)		612		466,286
Series B, 4.20%, 05/15/45 (Call 11/15/44)		500		411,996
Series B, 6.00%, 01/15/36		689		720,270
Series C, 4.00%, 11/15/46 (Call 05/15/46)		618		491,425
Series C, 4.63%, 05/15/52 (Call 11/15/51)		600		518,028
Series D, 4.65%, 08/15/43 (Call 02/15/43)		925		818,093
Vistra Operations Co. LLC
3.70%, 01/30/27 (Call 11/30/26)(a)(b)		1,256		1,187,997
4.30%, 07/15/29 (Call 04/15/29)(b)		1,349		1,257,311
5.13%, 05/13/25(a)(b)		1,155		1,145,480
6.95%, 10/15/33 (Call 07/15/33)(b)		965		1,005,429
WEC Energy Group Inc.
1.38%, 10/15/27 (Call 08/15/27)		829		729,239
1.80%, 10/15/30 (Call 07/15/30)		643		520,274
2.20%, 12/15/28 (Call 10/15/28)(a)		630		553,485
4.75%, 01/09/26 (Call 12/09/25)		1,270		1,257,628
4.75%, 01/15/28 (Call 12/15/27)(a)		830		820,369
5.00%, 09/27/25 (Call 08/27/25)		720		716,010
5.15%, 10/01/27 (Call 09/01/27)		870		869,127
5.60%, 09/12/26 (Call 08/12/26)		480		484,683
Wisconsin Electric Power Co.
1.70%, 06/15/28 (Call 04/15/28)(a)		345		303,938
3.10%, 06/01/25 (Call 03/01/25)		190		184,831
3.65%, 12/15/42 (Call 06/15/42)(a)		220		167,601
4.25%, 06/01/44 (Call 12/01/43)(a)		455		373,229
4.30%, 12/15/45 (Call 06/15/45)(a)		155		126,629
4.30%, 10/15/48 (Call 04/15/48)(a)		375		313,578
4.75%, 09/30/32 (Call 06/30/32)(a)		795		779,572

S C H E D U L E  O F  I N V E S T M E N T S 77

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.63%, 05/15/33(a)	$	242	$	253,558
5.70%, 12/01/36(a)		105		107,986
Wisconsin Power and Light Co.
1.95%, 09/16/31 (Call 06/16/31)(a)		360		285,987
3.00%, 07/01/29 (Call 04/01/29)(a)		362		330,284
3.05%, 10/15/27 (Call 07/15/27)		515		480,633
3.65%, 04/01/50 (Call 10/01/49)		370		269,794
3.95%, 09/01/32 (Call 06/01/32)(a)		855		788,822
4.10%, 10/15/44 (Call 04/15/44)(a)		170		132,898
4.95%, 04/01/33 (Call 01/01/33)		375		364,482
6.38%, 08/15/37(a)		435		462,486
7.60%, 10/01/38		375		437,874
Wisconsin Public Service Corp.
2.85%, 12/01/51 (Call 06/01/51)		710		447,526
3.30%, 09/01/49 (Call 03/01/49)(a)		525		368,480
3.67%, 12/01/42		632		494,153
4.75%, 11/01/44 (Call 05/01/44)(a)		599		533,622
5.35%, 11/10/25 (Call 10/10/25)(a)		478		478,860
Xcel Energy Inc.
1.75%, 03/15/27 (Call 02/15/27)		1,025		921,608
2.35%, 11/15/31 (Call 05/15/31)		415		332,881
2.60%, 12/01/29 (Call 06/01/29)(a)		520		452,564
3.30%, 06/01/25 (Call 12/01/24)		658		640,248
3.35%, 12/01/26 (Call 06/01/26)		1,087		1,027,046
3.40%, 06/01/30 (Call 12/01/29)		670		597,686
3.50%, 12/01/49 (Call 06/01/49)		560		385,394
4.00%, 06/15/28 (Call 12/15/27)(a)		694		662,378
4.60%, 06/01/32 (Call 12/01/31)		875		815,892
4.80%, 09/15/41 (Call 03/15/41)		573		493,499
5.45%, 08/15/33 (Call 02/15/33)		840		831,690
5.50%, 03/15/34 (Call 09/15/33)		950		933,755
6.50%, 07/01/36		540		567,830
				870,267,194
Electrical Components & Equipment — 0.1%
Acuity Brands Lighting Inc., 2.15%, 12/15/30 (Call 09/15/30)		674		552,367
Emerson Electric Co.
0.88%, 10/15/26 (Call 09/15/26)(a)		1,396		1,262,689
1.80%, 10/15/27 (Call 08/15/27)(a)		839		755,745
1.95%, 10/15/30 (Call 07/15/30)		1,105		927,167
2.00%, 12/21/28 (Call 10/21/28)		1,000		881,876
2.20%, 12/21/31 (Call 09/21/31)		990		821,369
2.75%, 10/15/50 (Call 04/15/50)		856		547,444
2.80%, 12/21/51 (Call 06/21/51)(a)		1,490		961,828
3.15%, 06/01/25 (Call 03/01/25)		295		288,257
5.25%, 11/15/39(a)		45		45,508
6.00%, 08/15/32(a)		650		683,211
6.13%, 04/15/39		110		117,335
Molex Electronic Technologies LLC, 3.90%, 04/15/25 (Call 01/15/25)(b)		695		673,749
				8,518,545
Electronics — 0.6%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		943		860,842
Allegion U.S. Holding Co. Inc.
3.55%, 10/01/27 (Call 07/01/27)		730		690,178
5.41%, 07/01/32 (Call 04/01/32)		599		598,514
Amphenol Corp.
2.05%, 03/01/25 (Call 02/01/25)		678		655,476
2.20%, 09/15/31 (Call 06/15/31)		800		656,417
2.80%, 02/15/30 (Call 11/15/29)(a)		1,682		1,498,436

Security	Par (000)		Value
Electronics (continued)
4.35%, 06/01/29 (Call 03/01/29)	$	715	$	695,066
4.75%, 03/30/26		240		238,346
Arrow Electronics Inc.
2.95%, 02/15/32 (Call 11/15/31)(a)		881		736,228
3.88%, 01/12/28 (Call 10/12/27)(a)		915		864,396
4.00%, 04/01/25 (Call 01/01/25)		515		505,943
6.13%, 03/01/26 (Call 03/11/24)(a)		920		919,149
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		595		491,608
4.63%, 04/15/26 (Call 01/15/26)		1,007		985,330
5.50%, 06/01/32 (Call 03/01/32)		565		542,012
6.25%, 03/15/28 (Call 02/15/28)		870		884,819
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		1,063		1,027,578
4.75%, 06/15/25 (Call 03/15/25)		870		859,734
4.88%, 06/15/29 (Call 03/15/29)		933		907,410
4.88%, 05/12/30 (Call 02/12/30)		1,054		1,016,125
6.00%, 01/15/28 (Call 12/15/27)		1,020		1,036,769
Fortive Corp.
3.15%, 06/15/26 (Call 03/15/26)		1,552		1,481,738
4.30%, 06/15/46 (Call 12/15/45)(a)		656		535,797
Honeywell International Inc.
1.10%, 03/01/27 (Call 02/01/27)		1,470		1,320,404
1.35%, 06/01/25 (Call 05/01/25)(a)		1,568		1,498,595
1.75%, 09/01/31 (Call 06/01/31)		2,395		1,925,916
1.95%, 06/01/30 (Call 03/01/30)		1,690		1,428,788
2.50%, 11/01/26 (Call 08/01/26)		1,976		1,862,379
2.70%, 08/15/29 (Call 05/15/29)		1,305		1,173,930
2.80%, 06/01/50 (Call 12/01/49)(a)		899		624,669
3.81%, 11/21/47 (Call 05/21/47)		665		533,984
4.25%, 01/15/29 (Call 12/15/28)(a)		580		567,187
4.50%, 01/15/34 (Call 10/15/33)		480		461,651
4.88%, 09/01/29 (Call 08/01/29)		875		875,498
4.95%, 02/15/28 (Call 01/15/28)		970		979,835
4.95%, 09/01/31 (Call 07/01/31)		875		873,299
5.00%, 02/15/33 (Call 11/15/32)		1,725		1,728,072
5.00%, 03/01/35 (Call 12/01/34)		875		872,394
5.25%, 03/01/54 (Call 09/01/53)		875		873,221
5.35%, 03/01/64 (Call 09/01/63)		875		873,908
5.38%, 03/01/41		527		537,972
5.70%, 03/15/36(a)		805		850,022
5.70%, 03/15/37		800		836,471
Hubbell Inc.
2.30%, 03/15/31 (Call 12/15/30)(a)		367		302,910
3.15%, 08/15/27 (Call 05/15/27)		765		717,741
3.35%, 03/01/26 (Call 12/01/25)		390		376,576
3.50%, 02/15/28 (Call 11/15/27)		703		663,953
Jabil Inc.
1.70%, 04/15/26 (Call 03/15/26)		1,030		953,392
3.00%, 01/15/31 (Call 10/15/30)		647		552,649
3.60%, 01/15/30 (Call 10/15/29)		1,177		1,060,205
3.95%, 01/12/28 (Call 10/12/27)		895		845,443
4.25%, 05/15/27 (Call 04/15/27)		940		907,228
5.45%, 02/01/29 (Call 01/01/29)		575		573,952
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		1,240		1,102,893
4.60%, 04/06/27 (Call 01/06/27)		1,582		1,557,192
TD SYNNEX Corp.
1.75%, 08/09/26 (Call 07/09/26)		1,145		1,042,787
2.38%, 08/09/28 (Call 06/09/28)(a)		1,133		985,645
2.65%, 08/09/31 (Call 05/09/31)		689		546,621

78 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electronics (continued)
Trimble Inc.
4.90%, 06/15/28 (Call 03/15/28)(a)	$	1,346	$	1,335,438
6.10%, 03/15/33 (Call 12/15/32)(a)		495		517,276
Tyco Electronics Group SA
2.50%, 02/04/32 (Call 12/04/31)(a)		850		719,153
3.13%, 08/15/27 (Call 05/15/27)(a)		716		676,050
3.70%, 02/15/26 (Call 11/15/25)		660		642,888
4.50%, 02/13/26		700		692,218
7.13%, 10/01/37(a)		770		876,735
Vontier Corp.
1.80%, 04/01/26 (Call 03/01/26)		851		784,323
2.40%, 04/01/28 (Call 02/01/28)		811		708,696
2.95%, 04/01/31 (Call 01/01/31)		842		692,745
				59,220,815
Energy - Alternate Sources — 0.0%
Sweihan PV Power Co. PJSC, 3.63%, 01/31/49(b)		123		97,603
Engineering & Construction — 0.1%
Aeropuerto Internacional de Tocumen SA
4.00%, 08/11/41 (Call 08/11/40)(b)		445		314,837
5.13%, 08/11/61 (Call 08/11/60)(a)(b)		1,387		969,374
Jacobs Engineering Group Inc.
5.90%, 03/01/33 (Call 12/01/32)(a)		1,090		1,089,571
6.35%, 08/18/28 (Call 07/18/28)		1,050		1,083,737
LBJ Infrastructure Group LLC, 3.80%, 12/31/57 (Call 06/30/57)(a)(b)		585		394,817
MasTec Inc., 4.50%, 08/15/28 (Call 04/01/24)(a)(b)		795		745,502
Mexico City Airport Trust
3.88%, 04/30/28 (Call 01/30/28)(b)		424		392,927
4.25%, 10/31/26 (Call 07/31/26)(b)		1,065		1,020,061
5.50%, 10/31/46 (Call 04/30/46)(a)(b)		727		601,915
5.50%, 07/31/47 (Call 01/31/47)(b)		2,121		1,763,081
Sitios Latinoamerica SAB de CV, 5.38%, 04/04/32 (Call 01/04/32)(a)(b)		1,235		1,138,700
Ste Transcore Holdings Inc., 3.75%, 05/05/32 (Call 11/05/31)(b)		50		45,444
Sydney Airport Finance Co. Pty. Ltd.
3.38%, 04/30/25 (Call 01/30/25)(b)		331		322,598
3.63%, 04/28/26 (Call 01/28/26)(b)		1,919		1,846,247
Vinci SA, 3.75%, 04/10/29 (Call 01/10/29)(b)		1,580		1,503,396
				13,232,207
Entertainment — 0.3%
Warnermedia Holdings Inc.
3.64%, 03/15/25		2,010		1,967,585
3.76%, 03/15/27 (Call 02/15/27)		5,300		5,015,065
3.79%, 03/15/25 (Call 03/11/24)		570		558,761
4.05%, 03/15/29 (Call 01/15/29)		2,050		1,898,850
4.28%, 03/15/32 (Call 12/15/31)(a)		5,570		4,913,782
5.05%, 03/15/42 (Call 09/15/41)(a)		5,718		4,808,368
5.14%, 03/15/52 (Call 09/15/51)(a)		8,940		7,264,605
5.39%, 03/15/62 (Call 09/15/61)		3,650		2,944,548
6.41%, 03/15/26 (Call 03/15/24)		900		899,764
				30,271,328
Environmental Control — 0.3%
Nature Conservancy (The), Series A, 3.96%, 03/01/52 (Call 09/01/51)(a)		110		93,292
Republic Services Inc.
0.88%, 11/15/25 (Call 10/15/25)		491		455,611

Security	Par (000)		Value
Environmental Control (continued)
1.45%, 02/15/31 (Call 11/15/30)	$	1,050	$	828,685
1.75%, 02/15/32 (Call 11/15/31)		789		619,126
2.30%, 03/01/30 (Call 12/01/29)		1,476		1,267,272
2.38%, 03/15/33 (Call 12/15/32)(a)		1,110		889,268
2.90%, 07/01/26 (Call 04/01/26)(a)		664		634,316
3.05%, 03/01/50 (Call 09/01/49)(a)		828		574,293
3.20%, 03/15/25 (Call 12/15/24)		710		694,451
3.38%, 11/15/27 (Call 08/15/27)		1,023		970,953
3.95%, 05/15/28 (Call 02/15/28)		1,228		1,182,590
4.88%, 04/01/29 (Call 03/01/29)		785		781,998
5.00%, 12/15/33 (Call 09/15/33)		905		890,403
5.00%, 04/01/34 (Call 01/01/34)		770		758,109
5.70%, 05/15/41 (Call 11/15/40)		155		160,787
6.20%, 03/01/40(a)		392		425,659
Veralto Corp.
5.35%, 09/18/28 (Call 08/18/28)(b)		1,285		1,293,716
5.45%, 09/18/33 (Call 06/18/33)(b)		820		823,604
5.50%, 09/18/26 (Call 08/18/26)(b)		995		999,276
Waste Connections Inc.
2.20%, 01/15/32 (Call 10/15/31)		750		608,235
2.60%, 02/01/30 (Call 11/01/29)		982		864,206
2.95%, 01/15/52 (Call 07/15/51)		1,105		731,503
3.05%, 04/01/50 (Call 10/01/49)		1,095		745,673
3.20%, 06/01/32 (Call 03/01/32)(a)		684		595,624
3.50%, 05/01/29 (Call 02/01/29)		888		832,006
4.20%, 01/15/33 (Call 10/15/32)		1,137		1,062,925
4.25%, 12/01/28 (Call 09/01/28)(a)		741		717,933
5.00%, 03/01/34 (Call 12/01/33)		675		660,907
Waste Management Inc.
0.75%, 11/15/25 (Call 10/15/25)(a)		770		714,945
1.15%, 03/15/28 (Call 01/15/28)(a)		730		633,056
1.50%, 03/15/31 (Call 12/15/30)		837		665,688
2.00%, 06/01/29 (Call 04/01/29)		1,275		1,103,254
2.50%, 11/15/50 (Call 05/15/50)		600		370,584
2.95%, 06/01/41 (Call 12/01/40)		750		555,131
3.13%, 03/01/25 (Call 12/01/24)(a)		350		342,406
3.15%, 11/15/27 (Call 08/15/27)		1,138		1,070,936
3.90%, 03/01/35 (Call 09/01/34)		678		597,107
4.10%, 03/01/45 (Call 09/01/44)		175		150,153
4.15%, 04/15/32 (Call 01/15/32)(a)		955		899,825
4.15%, 07/15/49 (Call 01/15/49)		1,066		904,818
4.63%, 02/15/30 (Call 12/15/29)		755		742,643
4.63%, 02/15/33 (Call 11/15/32)		655		632,662
4.88%, 02/15/29 (Call 01/15/29)		1,065		1,065,978
4.88%, 02/15/34 (Call 11/15/33)		995		974,884
7.00%, 07/15/28		400		434,472
				33,020,963
Food — 1.8%
Ahold Finance USA LLC, 6.88%, 05/01/29		1,070		1,161,462
Bimbo Bakeries USA Inc.
4.00%, 05/17/51 (Call 11/17/50)(b)		817		628,739
5.38%, 01/09/36 (Call 10/09/35)(b)		180		178,691
6.05%, 01/15/29 (Call 12/15/28)(b)		615		633,149
6.40%, 01/15/34 (Call 10/15/33)(b)		340		363,494
Campbell Soup Co.
2.38%, 04/24/30 (Call 01/24/30)(a)		860		729,797
3.13%, 04/24/50 (Call 10/24/49)		543		352,898
3.30%, 03/19/25 (Call 12/19/24)		575		561,269
3.95%, 03/15/25 (Call 01/15/25)		940		924,935
4.15%, 03/15/28 (Call 12/15/27)		1,710		1,649,892
4.80%, 03/15/48 (Call 09/15/47)		895		785,584

S C H E D U L E  O F  I N V E S T M E N T S 79

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
Cencosud SA
4.38%, 07/17/27 (Call 04/17/27)(a)(b)	$	1,075	$	1,034,455
6.63%, 02/12/45 (Call 08/12/44)(b)		330		335,775
CK Hutchison International 20 Ltd., 2.50%, 05/08/30 (Call 02/08/30)(a)(b)		755		652,224
CK Hutchison International 21 Ltd., 2.50%, 04/15/31 (Call 01/15/31)(a)(b)		1,715		1,455,201
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		1,245		1,082,444
4.60%, 11/01/25 (Call 09/01/25)		1,492		1,470,055
4.85%, 11/01/28 (Call 08/01/28)		1,728		1,697,509
5.30%, 10/01/26		630		630,149
5.30%, 11/01/38 (Call 05/01/38)		1,484		1,404,877
5.40%, 11/01/48 (Call 05/01/48)(a)		1,435		1,324,994
7.00%, 10/01/28		885		945,428
7.13%, 10/01/26		530		551,856
8.25%, 09/15/30(a)		542		622,465
Danone SA, 2.95%, 11/02/26 (Call 08/02/26)(b)		2,695		2,551,300
Flowers Foods Inc.
2.40%, 03/15/31 (Call 12/15/30)(a)		813		679,708
3.50%, 10/01/26 (Call 07/01/26)(a)		345		330,485
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)(a)		725		594,699
2.88%, 04/15/30 (Call 01/15/30)		1,393		1,231,069
3.00%, 02/01/51 (Call 08/01/50)(a)		1,015		653,943
3.20%, 02/10/27 (Call 11/10/26)		1,135		1,078,799
4.00%, 04/17/25 (Call 02/17/25)(a)		1,284		1,263,491
4.15%, 02/15/43 (Call 08/15/42)(a)		50		41,733
4.20%, 04/17/28 (Call 01/17/28)		2,015		1,956,518
4.55%, 04/17/38 (Call 10/17/37)		686		608,799
4.70%, 01/30/27 (Call 12/20/26)		760		752,693
4.70%, 04/17/48 (Call 10/17/47)(a)		355		316,129
4.95%, 03/29/33 (Call 12/29/32)(a)		1,125		1,104,432
5.24%, 11/18/25 (Call 03/18/24)(a)		100		99,888
5.40%, 06/15/40		710		693,460
5.50%, 10/17/28 (Call 09/17/28)		390		396,360
Grupo Bimbo SAB de CV
4.00%, 09/06/49 (Call 03/06/49)(a)(b)		665		519,432
4.70%, 11/10/47 (Call 05/10/47)(b)		568		490,108
4.88%, 06/27/44(b)		330		292,373
Hershey Co. (The)
0.90%, 06/01/25 (Call 05/01/25)		469		445,657
1.70%, 06/01/30 (Call 03/01/30)		645		538,627
2.30%, 08/15/26 (Call 05/15/26)		1,021		963,518
2.45%, 11/15/29 (Call 08/15/29)		500		442,845
2.65%, 06/01/50 (Call 12/01/49)		482		312,935
3.13%, 11/15/49 (Call 05/15/49)(a)		589		422,768
3.20%, 08/21/25 (Call 05/21/25)		355		346,552
3.38%, 08/15/46 (Call 02/15/46)(a)		690		521,059
4.25%, 05/04/28 (Call 04/04/28)		730		717,947
4.50%, 05/04/33 (Call 02/04/33)(a)		280		273,841
Hormel Foods Corp.
1.70%, 06/03/28 (Call 04/03/28)		1,435		1,266,709
1.80%, 06/11/30 (Call 03/11/30)		1,076		892,366
3.05%, 06/03/51 (Call 12/03/50)(a)		920		618,591
Ingredion Inc.
2.90%, 06/01/30 (Call 03/01/30)		805		706,318
3.20%, 10/01/26 (Call 07/01/26)(a)		928		885,267
3.90%, 06/01/50 (Call 12/01/49)(a)		494		360,768
6.63%, 04/15/37		384		414,284

Security	Par (000)		Value
Food (continued)
J M Smucker Co. (The)
5.90%, 11/15/28 (Call 10/15/28)	$	1,090	$	1,121,652
6.20%, 11/15/33 (Call 08/15/33)(a)		1,135		1,199,656
6.50%, 11/15/43 (Call 05/15/43)		695		744,363
6.50%, 11/15/53 (Call 05/15/53)(a)		1,195		1,298,463
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL
6.75%, 03/15/34 (Call 12/15/33)(b)		1,180		1,215,397
7.25%, 11/15/53 (Call 05/15/53)(a)(b)		1,255		1,314,897
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
2.50%, 01/15/27 (Call 12/15/26)		1,530		1,403,687
3.00%, 02/02/29 (Call 12/02/28)		915		802,090
3.00%, 05/15/32 (Call 02/15/32)		1,597		1,278,648
3.63%, 01/15/32 (Call 01/15/27)		455		382,580
3.75%, 12/01/31 (Call 12/01/26)		1,275		1,084,178
4.38%, 02/02/52 (Call 08/02/51)		1,195		859,716
5.13%, 02/01/28 (Call 01/01/28)		1,375		1,347,242
5.50%, 01/15/30 (Call 01/15/25)		1,924		1,875,211
5.75%, 04/01/33 (Call 01/01/33)		2,025		1,963,882
6.50%, 12/01/52 (Call 06/01/52)		2,060		1,980,707
JM Smucker Co. (The)
2.13%, 03/15/32 (Call 12/15/31)(a)		430		342,500
2.38%, 03/15/30 (Call 12/15/29)(a)		804		690,008
2.75%, 09/15/41 (Call 03/15/41)		524		349,720
3.38%, 12/15/27 (Call 09/15/27)(a)		877		826,956
3.50%, 03/15/25		1,470		1,439,949
3.55%, 03/15/50 (Call 09/15/49)(a)		610		425,897
4.25%, 03/15/35		1,290		1,157,309
4.38%, 03/15/45		700		585,731
Kellanova
2.10%, 06/01/30 (Call 03/01/30)(a)		807		680,093
3.25%, 04/01/26		1,330		1,278,558
3.40%, 11/15/27 (Call 08/15/27)		834		786,392
4.30%, 05/15/28 (Call 02/15/28)		1,025		996,229
4.50%, 04/01/46(a)		908		782,744
5.25%, 03/01/33 (Call 12/01/32)(a)		430		427,167
Series B, 7.45%, 04/01/31(a)		1,010		1,130,674
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40		465		461,461
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)		1,775		1,692,989
3.75%, 04/01/30 (Call 01/01/30)(a)		1,145		1,068,557
3.88%, 05/15/27 (Call 02/15/27)		1,490		1,439,104
4.25%, 03/01/31 (Call 12/01/30)		750		712,630
4.38%, 06/01/46 (Call 12/01/45)		3,630		3,007,382
4.63%, 01/30/29 (Call 10/30/28)(a)		840		824,769
4.63%, 10/01/39 (Call 04/01/39)		295		266,413
4.88%, 10/01/49 (Call 04/01/49)(a)		1,765		1,574,631
5.00%, 07/15/35 (Call 01/15/35)		980		957,087
5.00%, 06/04/42		1,915		1,770,371
5.20%, 07/15/45 (Call 01/15/45)(a)		2,425		2,264,153
5.50%, 06/01/50 (Call 12/01/49)(a)		310		301,522
6.50%, 02/09/40		775		841,003
6.75%, 03/15/32		645		705,431
6.88%, 01/26/39		1,240		1,394,935
7.13%, 08/01/39(b)		1,095		1,246,321
Kroger Co. (The)
1.70%, 01/15/31 (Call 10/15/30)(a)		520		414,726
2.20%, 05/01/30 (Call 02/01/30)		590		497,034
2.65%, 10/15/26 (Call 07/15/26)(a)		1,017		955,865

80 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
3.50%, 02/01/26 (Call 11/01/25)	$	810	$	785,484
3.70%, 08/01/27 (Call 05/01/27)		942		904,530
3.88%, 10/15/46 (Call 04/15/46)		715		543,711
3.95%, 01/15/50 (Call 07/15/49)		1,072		842,001
4.45%, 02/01/47 (Call 08/01/46)		1,120		947,186
4.50%, 01/15/29 (Call 10/15/28)(a)		864		844,906
4.65%, 01/15/48 (Call 07/15/47)		760		662,319
5.00%, 04/15/42 (Call 10/15/41)		552		506,460
5.15%, 08/01/43 (Call 02/01/43)		171		159,265
5.40%, 07/15/40 (Call 01/15/40)(a)		583		559,236
5.40%, 01/15/49 (Call 07/15/48)(a)		751		733,972
6.90%, 04/15/38		677		756,346
7.50%, 04/01/31(a)		775		874,620
8.00%, 09/15/29(a)		669		759,649
Series B, 7.70%, 06/01/29		660		732,525
Mars Inc.
0.88%, 07/16/26 (Call 06/16/26)(b)		1,067		967,624
1.63%, 07/16/32 (Call 04/16/32)(a)(b)		745		572,800
2.38%, 07/16/40 (Call 01/16/40)(a)(b)		1,456		1,002,114
2.45%, 07/16/50 (Call 01/16/50)(a)(b)		570		341,861
2.70%, 04/01/25 (Call 03/01/25)(b)		609		592,655
3.20%, 04/01/30 (Call 01/01/30)(a)(b)		920		833,948
3.60%, 04/01/34 (Call 01/01/34)(a)(b)		1,201		1,058,143
3.88%, 04/01/39 (Call 10/01/38)(a)(b)		895		767,221
3.95%, 04/01/44 (Call 10/01/43)(a)(b)		635		519,024
3.95%, 04/01/49 (Call 10/01/48)(a)(b)		987		797,809
4.13%, 04/01/54 (Call 10/01/53)(a)(b)		608		495,696
4.20%, 04/01/59 (Call 10/01/58)(b)		721		592,777
4.55%, 04/20/28 (Call 03/20/28)(b)		1,655		1,632,071
4.65%, 04/20/31 (Call 02/20/31)(b)		700		685,396
4.75%, 04/20/33 (Call 01/20/33)(b)		1,165		1,134,541
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		837		769,636
1.85%, 02/15/31 (Call 11/15/30)		927		744,938
2.50%, 04/15/30 (Call 01/15/30)(a)		667		571,519
3.25%, 11/15/25 (Call 08/15/25)		461		444,567
3.40%, 08/15/27 (Call 05/15/27)		1,341		1,270,319
4.20%, 08/15/47 (Call 02/15/47)(a)		470		388,038
4.95%, 04/15/33 (Call 01/15/33)(a)		750		731,984
Mondelez International Holdings Netherlands BV
1.25%, 09/24/26 (Call 08/24/26)(b)		1,010		915,290
4.25%, 09/15/25(a)(b)		469		461,712
Mondelez International Inc.
1.50%, 05/04/25 (Call 04/04/25)		1,165		1,113,656
1.50%, 02/04/31 (Call 11/04/30)		445		354,089
1.88%, 10/15/32 (Call 07/15/32)(a)		1,007		792,419
2.63%, 03/17/27 (Call 02/17/27)		1,110		1,035,473
2.63%, 09/04/50 (Call 03/04/50)		1,817		1,140,165
2.75%, 04/13/30 (Call 01/13/30)		1,012		894,489
3.00%, 03/17/32 (Call 12/17/31)		485		418,004
4.13%, 05/07/28 (Call 02/07/28)		30		29,386
4.75%, 02/20/29 (Call 01/20/29)		650		642,526
6.50%, 11/01/31(a)		35		37,360
Nestle Holdings Inc.
0.63%, 01/15/26 (Call 12/15/25)(b)		1,275		1,175,943
1.00%, 09/15/27 (Call 07/15/27)(a)(b)		1,655		1,455,012
1.15%, 01/14/27 (Call 12/14/26)(a)(b)		1,388		1,251,977
1.25%, 09/15/30 (Call 06/15/30)(a)(b)		730		587,314
1.50%, 09/14/28 (Call 07/14/28)(b)		975		847,284
1.88%, 09/14/31 (Call 06/14/31)(a)(b)		1,108		914,283

Security	Par (000)		Value
Food (continued)
2.50%, 09/14/41 (Call 03/14/41)(a)(b)	$	722	$	508,790
2.63%, 09/14/51 (Call 03/14/51)(a)(b)		725		466,375
3.50%, 09/24/25 (Call 07/24/25)(b)		1,475		1,442,462
3.63%, 09/24/28 (Call 06/24/28)(b)		1,639		1,567,932
3.90%, 09/24/38 (Call 03/24/38)(b)		1,764		1,549,208
4.00%, 09/12/25 (Call 08/12/25)(b)		530		522,473
4.00%, 09/24/48 (Call 03/24/48)(b)		2,914		2,459,810
4.13%, 10/01/27 (Call 09/01/27)(b)		905		885,013
4.25%, 10/01/29 (Call 08/01/29)(a)(b)		705		688,035
4.30%, 10/01/32 (Call 07/01/32)(a)(b)		760		744,805
4.70%, 01/15/53 (Call 07/15/52)(a)(b)		1,250		1,176,684
4.85%, 03/14/33 (Call 12/14/32)(a)(b)		1,660		1,664,234
4.95%, 03/14/30 (Call 01/14/30)(a)(b)		1,070		1,079,574
5.00%, 03/14/28 (Call 02/14/28)(a)(b)		1,165		1,175,801
5.00%, 09/12/28 (Call 08/12/28)(b)		750		757,289
5.00%, 09/12/30 (Call 07/12/30)(b)		705		716,937
5.00%, 09/12/33 (Call 06/12/33)(b)		300		305,924
5.25%, 03/13/26(a)(b)		720		723,805
Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(b)		1,751		1,695,935
Sigma Finance Netherlands BV, 4.88%, 03/27/28 (Call 12/27/27)(b)		170		165,435
Smithfield Foods Inc.
2.63%, 09/13/31 (Call 06/13/31)(a)(b)		807		617,000
3.00%, 10/15/30 (Call 07/15/30)(b)		375		308,742
4.25%, 02/01/27 (Call 11/01/26)(b)		1,127		1,078,354
5.20%, 04/01/29 (Call 01/01/29)(a)(b)		711		682,196
Sysco Corp.
2.40%, 02/15/30 (Call 11/15/29)		980		842,939
2.45%, 12/14/31 (Call 09/14/31)		775		640,568
3.15%, 12/14/51 (Call 06/14/51)		1,220		827,455
3.25%, 07/15/27 (Call 04/15/27)		1,251		1,180,465
3.30%, 07/15/26 (Call 04/15/26)		1,403		1,346,329
3.30%, 02/15/50 (Call 08/15/49)(a)		710		501,475
3.75%, 10/01/25 (Call 07/01/25)		955		931,167
4.45%, 03/15/48 (Call 09/15/47)		450		378,901
4.50%, 04/01/46 (Call 10/01/45)		567		485,536
4.85%, 10/01/45 (Call 04/01/45)		580		527,374
5.38%, 09/21/35		520		524,391
5.75%, 01/17/29 (Call 12/17/28)		535		547,348
5.95%, 04/01/30 (Call 01/01/30)		1,362		1,417,252
6.00%, 01/17/34 (Call 10/17/33)		600		632,316
6.60%, 04/01/40 (Call 10/01/39)(a)		795		869,069
6.60%, 04/01/50 (Call 10/01/49)		1,346		1,521,042
Tesco PLC, 6.15%, 11/15/37(a)(b)		730		731,789
Tyson Foods Inc.
3.55%, 06/02/27 (Call 03/02/27)		1,817		1,722,122
4.00%, 03/01/26 (Call 01/01/26)		1,436		1,401,982
4.35%, 03/01/29 (Call 12/01/28)(a)		1,671		1,607,961
4.55%, 06/02/47 (Call 12/02/46)		931		753,880
4.88%, 08/15/34 (Call 02/15/34)(a)		591		561,252
5.10%, 09/28/48 (Call 03/28/48)		1,485		1,310,194
5.15%, 08/15/44 (Call 02/15/44)		889		800,079
5.40%, 03/15/29 (Call 02/15/29)		625		624,930
5.70%, 03/15/34 (Call 12/15/33)		625		624,192
Walmart Inc., 3.90%, 09/09/25		2,190		2,156,470
				191,176,057
Forest Products & Paper — 0.3%
Celulosa Arauco y Constitucion SA
3.88%, 11/02/27 (Call 08/02/27)		1,115		1,046,890
4.20%, 01/29/30 (Call 10/29/29)(a)(b)		520		475,596

S C H E D U L E  O F  I N V E S T M E N T S 81

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Forest Products & Paper (continued)
4.25%, 04/30/29 (Call 01/30/29)(b)	$	387	$	350,818
5.15%, 01/29/50 (Call 07/29/49)(b)		320		258,678
5.50%, 11/02/47 (Call 05/02/47)(a)		701		590,951
5.50%, 04/30/49 (Call 10/30/48)(a)(b)		530		447,579
Georgia-Pacific LLC
0.95%, 05/15/26 (Call 04/15/26)(a)(b)		1,541		1,408,866
1.75%, 09/30/25 (Call 08/30/25)(b)		957		905,993
2.10%, 04/30/27 (Call 02/28/27)(a)(b)		489		447,226
2.30%, 04/30/30 (Call 01/30/30)(b)		134		114,240
3.60%, 03/01/25 (Call 12/01/24)(b)		1,350		1,328,066
7.25%, 06/01/28(a)		948		1,011,178
7.75%, 11/15/29(a)		1,135		1,289,479
8.88%, 05/15/31		302		370,483
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)(a)		1,160		983,573
4.40%, 08/15/47 (Call 02/15/47)		582		483,509
4.80%, 06/15/44 (Call 12/15/43)(a)		1,110		984,313
5.00%, 09/15/35 (Call 03/15/35)		805		778,118
5.15%, 05/15/46 (Call 11/15/45)(a)		260		238,643
6.00%, 11/15/41 (Call 05/15/41)(a)		871		899,255
7.30%, 11/15/39(a)		165		190,986
Inversiones CMPC SA
3.00%, 04/06/31 (Call 01/06/31)(a)(b)		857		724,268
3.85%, 01/13/30 (Call 10/13/29)(a)(b)		525		476,632
4.38%, 04/04/27(b)		280		269,905
6.13%, 06/23/33 (Call 03/23/33)(b)		480		484,637
Smurfit Kappa Treasury Funding DAC, 7.50%, 11/20/25(a)		811		836,695
Suzano Austria GmbH
2.50%, 09/15/28 (Call 07/15/28)		880		767,214
3.13%, 01/15/32 (Call 10/15/31)		1,590		1,305,728
3.75%, 01/15/31 (Call 10/15/30)(a)		1,715		1,500,508
5.00%, 01/15/30 (Call 10/15/29)(a)		1,499		1,427,629
5.75%, 07/14/26(b)		130		129,791
6.00%, 01/15/29 (Call 10/15/28)		2,847		2,845,266
7.00%, 03/16/47 (Call 09/16/46)(a)(b)		1,632		1,693,327
Suzano International Finance BV, 5.50%, 01/17/27(a)		1,312		1,308,361
UPM-Kymmene OYJ, 7.45%, 11/26/27(b)		10		10,494
				28,384,895
Gas — 0.7%
APA Infrastructure Ltd.
4.20%, 03/23/25 (Call 12/23/24)(b)		1,741		1,714,061
4.25%, 07/15/27 (Call 04/15/27)(a)(b)		1,036		1,011,006
5.00%, 03/23/35 (Call 12/23/34)(b)		575		533,443
Atmos Energy Corp.
1.50%, 01/15/31 (Call 10/15/30)(a)		995		792,352
2.63%, 09/15/29 (Call 06/15/29)		920		818,877
2.85%, 02/15/52 (Call 08/15/51)(a)		610		390,291
3.00%, 06/15/27 (Call 03/15/27)		700		658,231
3.38%, 09/15/49 (Call 03/15/49)		612		440,757
4.13%, 10/15/44 (Call 04/15/44)		919		783,848
4.13%, 03/15/49 (Call 09/15/48)		888		732,300
4.15%, 01/15/43 (Call 07/15/42)		680		582,114
4.30%, 10/01/48 (Call 04/01/48)(a)		597		511,326
5.45%, 10/15/32 (Call 07/15/32)		200		205,081
5.50%, 06/15/41 (Call 12/15/40)(a)		324		325,665
5.75%, 10/15/52 (Call 04/15/52)		630		662,273
5.90%, 11/15/33 (Call 08/15/33)		740		778,157
6.20%, 11/15/53 (Call 05/15/53)		445		492,181

Security	Par (000)		Value
Gas (continued)
Boston Gas Co.
3.00%, 08/01/29 (Call 05/01/29)(a)(b)	$	787	$	690,190
3.15%, 08/01/27 (Call 05/01/27)(b)		744		690,728
3.76%, 03/16/32 (Call 12/16/31)(b)		1,085		948,605
4.49%, 02/15/42(b)		730		595,632
6.12%, 07/20/53 (Call 01/20/53)(a)(b)		760		764,952
Brooklyn Union Gas Co. (The)
3.41%, 03/10/26 (Call 12/10/25)(b)		990		946,518
3.87%, 03/04/29 (Call 12/04/28)(a)(b)		805		740,833
4.27%, 03/15/48 (Call 09/15/47)(b)		881		668,217
4.49%, 03/04/49 (Call 09/04/48)(b)		417		321,775
4.50%, 03/10/46 (Call 09/10/45)(b)		475		369,542
4.63%, 08/05/27 (Call 07/05/27)(a)(b)		590		570,617
4.87%, 08/05/32 (Call 05/05/32)(b)		520		477,397
6.39%, 09/15/33 (Call 06/15/33)(a)(b)		480		489,815
CenterPoint Energy Resources Corp.
1.75%, 10/01/30 (Call 07/01/30)(a)		993		806,699
4.00%, 04/01/28 (Call 01/01/28)		409		392,758
4.10%, 09/01/47 (Call 03/01/47)		390		310,599
4.40%, 07/01/32 (Call 04/01/32)(a)		775		733,437
5.25%, 03/01/28 (Call 02/01/28)		1,159		1,166,804
5.40%, 03/01/33 (Call 12/01/32)		770		776,609
5.85%, 01/15/41 (Call 07/15/40)		237		242,167
6.63%, 11/01/37(a)		226		244,940
Centrica PLC, 5.38%, 10/16/43 (Call 04/16/43)(a)(b)		770		674,489
East Ohio Gas Co. (The)
1.30%, 06/15/25 (Call 05/15/25)(b)		808		766,162
2.00%, 06/15/30 (Call 03/15/30)(b)		1,157		948,528
3.00%, 06/15/50 (Call 12/15/49)(b)		1,127		703,117
ENN Energy Holdings Ltd., 4.63%, 05/17/27 (Call 04/17/27)(b)		20		19,522
Grupo Energia Bogota SA ESP
4.88%, 05/15/30 (Call 02/15/30)(a)(b)		535		507,241
7.85%, 11/09/33 (Call 07/09/33)(b)		390		426,547
KeySpan Gas East Corp.
2.74%, 08/15/26 (Call 05/15/26)(b)		880		821,396
3.59%, 01/18/52 (Call 07/18/51)(a)(b)		435		291,350
5.82%, 04/01/41(b)		925		876,015
5.99%, 03/06/33 (Call 12/06/32)(b)		315		313,905
Korea Gas Corp.
2.88%, 07/16/29(b)		755		679,255
6.25%, 01/20/42(b)		460		517,793
Nakilat Inc., 6.07%, 12/31/33(a)(b)		406		416,830
National Fuel Gas Co.
2.95%, 03/01/31 (Call 12/01/30)		935		781,196
3.95%, 09/15/27 (Call 06/15/27)		615		582,960
4.75%, 09/01/28 (Call 06/01/28)		545		526,382
5.20%, 07/15/25 (Call 04/15/25)		695		689,417
5.50%, 01/15/26 (Call 12/15/25)		898		894,783
5.50%, 10/01/26		595		594,086
NiSource Inc.
0.95%, 08/15/25 (Call 07/15/25)		1,221		1,145,471
1.70%, 02/15/31 (Call 11/15/30)		992		787,898
2.95%, 09/01/29 (Call 06/01/29)		908		815,974
3.49%, 05/15/27 (Call 02/15/27)		1,090		1,035,893
3.60%, 05/01/30 (Call 02/01/30)		1,063		972,737
3.95%, 03/30/48 (Call 09/30/47)		794		610,468
4.38%, 05/15/47 (Call 11/15/46)		1,520		1,260,556
4.80%, 02/15/44 (Call 08/15/43)		926		822,198
5.00%, 06/15/52 (Call 12/15/51)(a)		775		702,872

82 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Gas (continued)
5.25%, 03/30/28 (Call 02/29/28)	$	990	$	994,360
5.25%, 02/15/43 (Call 08/15/42)		811		766,886
5.40%, 06/30/33 (Call 03/30/33)(a)		375		374,999
5.65%, 02/01/45 (Call 08/01/44)		790		773,709
5.80%, 02/01/42 (Call 08/01/41)		360		340,109
5.95%, 06/15/41 (Call 12/15/40)		334		337,766
ONE Gas Inc.
2.00%, 05/15/30 (Call 02/15/30)		433		360,679
4.25%, 09/01/32 (Call 06/01/32)(a)		355		335,629
4.50%, 11/01/48 (Call 05/01/48)(a)		606		520,990
4.66%, 02/01/44 (Call 08/01/43)(a)		832		744,297
5.10%, 04/01/29 (Call 03/01/29)		440		441,449
Piedmont Natural Gas Co. Inc.
2.50%, 03/15/31 (Call 12/15/30)		475		397,253
3.35%, 06/01/50 (Call 12/01/49)		627		417,408
3.50%, 06/01/29 (Call 03/01/29)(a)		1,094		1,007,471
3.64%, 11/01/46 (Call 05/01/46)(a)		515		362,966
4.10%, 09/18/34 (Call 03/18/34)		300		264,370
4.65%, 08/01/43 (Call 02/01/43)(a)		449		386,673
5.05%, 05/15/52 (Call 11/15/51)		520		467,785
5.40%, 06/15/33 (Call 03/15/33)		450		450,950
Promigas SA ESP/Gases del Pacifico SAC, 3.75%, 10/16/29 (Call 07/16/29)(b)		310		270,265
Sempra Global, 3.25%, 01/15/32 (Call 10/15/31)(a)(b)		647		524,482
Southern California Gas Co.
2.95%, 04/15/27 (Call 03/15/27)		1,010		949,782
3.20%, 06/15/25 (Call 03/15/25)		844		823,173
3.75%, 09/15/42 (Call 03/15/42)		854		672,970
4.45%, 03/15/44 (Call 09/15/43)(a)		402		336,456
5.13%, 11/15/40(a)		525		498,575
5.20%, 06/01/33 (Call 03/01/33)		895		888,095
5.75%, 06/01/53 (Call 12/01/52)(a)		460		465,068
6.35%, 11/15/52 (Call 05/15/52)		655		720,415
Series KK, 5.75%, 11/15/35(a)		125		124,679
Series TT, 2.60%, 06/15/26 (Call 03/15/26)		832		788,231
Series UU, 4.13%, 06/01/48 (Call 12/01/47)		187		151,979
Series VV, 4.30%, 01/15/49 (Call 07/15/48)		575		471,456
Series WW, 3.95%, 02/15/50 (Call 08/15/49)		419		322,075
Series XX, 2.55%, 02/01/30 (Call 11/01/29)		1,015		881,287
Southern Co. Gas Capital Corp.
3.25%, 06/15/26 (Call 03/15/26)		466		445,453
3.88%, 11/15/25 (Call 08/15/25)		972		945,518
3.95%, 10/01/46 (Call 04/01/46)		882		668,665
4.40%, 06/01/43 (Call 12/01/42)		780		645,985
4.40%, 05/30/47 (Call 11/30/46)		940		762,714
5.15%, 09/15/32 (Call 03/15/32)		625		620,477
5.75%, 09/15/33 (Call 03/15/33)		610		625,002
5.88%, 03/15/41 (Call 09/15/40)(a)		565		564,026
6.00%, 10/01/34		160		160,127
Series 2020-A, 1.75%, 01/15/31 (Call 10/15/30)(a)		634		507,793
Series 21A, 3.15%, 09/30/51 (Call 03/30/51)		670		433,984
Southwest Gas Corp.
2.20%, 06/15/30 (Call 03/15/30)		594		496,054
3.18%, 08/15/51 (Call 02/15/51)		440		279,292
3.70%, 04/01/28 (Call 01/01/28)		348		328,436
3.80%, 09/29/46 (Call 03/29/46)(a)		145		105,939
4.05%, 03/15/32 (Call 12/15/31)		735		672,161
4.15%, 06/01/49 (Call 12/01/48)		476		362,526
5.45%, 03/23/28 (Call 02/23/28)		315		317,954

Security	Par (000)		Value
Gas (continued)
5.80%, 12/01/27 (Call 11/01/27)(a)	$	555	$	565,292
Spire Inc.
4.70%, 08/15/44 (Call 02/15/44)(a)		255		216,177
5.30%, 03/01/26(a)		195		194,581
Spire Missouri Inc.
3.30%, 06/01/51 (Call 12/01/50)(a)		490		333,399
4.80%, 02/15/33 (Call 11/15/32)(a)		315		306,353
Washington Gas Light Co.
3.65%, 09/15/49 (Call 03/15/49)(a)		775		565,624
Series K, 3.80%, 09/15/46 (Call 03/15/46)(a)		731		539,912
				74,864,019
Hand & Machine Tools — 0.1%
Kennametal Inc.
2.80%, 03/01/31 (Call 12/01/30)		399		333,989
4.63%, 06/15/28 (Call 03/15/28)(a)		455		442,012
Regal Rexnord Corp.
6.05%, 02/15/26(b)		685		687,836
6.05%, 04/15/28 (Call 03/15/28)(b)		1,430		1,438,980
6.30%, 02/15/30 (Call 12/15/29)(b)		875		890,943
6.40%, 04/15/33 (Call 01/15/33)(a)(b)		1,720		1,765,829
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)		786		551,836
3.25%, 03/01/27 (Call 12/01/26)(a)		495		473,209
4.10%, 03/01/48 (Call 09/01/47)		523		436,371
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)(a)		1,321		1,109,440
2.75%, 11/15/50 (Call 05/15/50)		1,035		600,990
3.00%, 05/15/32 (Call 02/15/32)(a)		80		67,595
3.40%, 03/01/26 (Call 01/01/26)		1,230		1,186,301
4.00%, 03/15/60 (Call 03/15/25),
(5-year CMT + 2.657%)(d)		826		736,542
4.25%, 11/15/28 (Call 08/15/28)(a)		832		803,385
4.85%, 11/15/48 (Call 05/15/48)		570		493,500
5.20%, 09/01/40		752		700,852
6.00%, 03/06/28 (Call 02/06/28)(a)		715		738,495
6.27%, 03/06/26 (Call 03/11/24)		35		35,000
				13,493,105
Health Care - Products — 1.1%
Abbott Laboratories
1.15%, 01/30/28 (Call 11/30/27)		1,242		1,089,635
1.40%, 06/30/30 (Call 03/30/30)(a)		1,156		953,595
2.95%, 03/15/25 (Call 12/15/24)		1,284		1,256,060
3.75%, 11/30/26 (Call 08/30/26)		2,560		2,492,443
3.88%, 09/15/25 (Call 06/15/25)		437		430,211
4.75%, 11/30/36 (Call 05/30/36)		1,868		1,831,335
4.75%, 04/15/43 (Call 10/15/42)		493		472,907
4.90%, 11/30/46 (Call 05/30/46)		3,443		3,318,890
5.30%, 05/27/40		1,261		1,288,866
6.00%, 04/01/39		1,091		1,211,639
6.15%, 11/30/37(a)		1,065		1,179,450
Agilent Technologies Inc.
2.10%, 06/04/30 (Call 03/04/30)		908		761,098
2.30%, 03/12/31 (Call 12/12/30)		1,447		1,208,229
2.75%, 09/15/29 (Call 06/15/29)		794		710,999
3.05%, 09/22/26 (Call 06/22/26)		512		486,986
Alcon Finance Corp.
2.60%, 05/27/30 (Call 02/27/30)(b)		1,380		1,184,723
2.75%, 09/23/26 (Call 07/23/26)(b)		633		594,197
3.00%, 09/23/29 (Call 06/23/29)(b)		1,203		1,079,086
3.80%, 09/23/49 (Call 03/23/49)(a)(b)		505		391,147

S C H E D U L E  O F  I N V E S T M E N T S 83

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Products (continued)
5.38%, 12/06/32 (Call 09/06/32)(b)	$	1,188	$	1,189,508
5.75%, 12/06/52 (Call 06/06/52)(b)		1,060		1,091,825
Baxter International Inc.
1.73%, 04/01/31 (Call 01/01/31)		1,506		1,189,424
1.92%, 02/01/27 (Call 01/01/27)		2,381		2,165,830
2.27%, 12/01/28 (Call 10/01/28)(a)		1,875		1,643,350
2.54%, 02/01/32 (Call 11/01/31)(a)		985		807,600
2.60%, 08/15/26 (Call 05/15/26)		814		763,628
3.13%, 12/01/51 (Call 06/01/51)(a)		1,285		838,765
3.50%, 08/15/46 (Call 02/15/46)		662		468,900
3.95%, 04/01/30 (Call 01/01/30)		711		658,425
4.50%, 06/15/43 (Call 12/15/42)		485		392,648
6.25%, 12/01/37(a)		241		243,684
Boston Scientific Corp.
1.90%, 06/01/25 (Call 05/01/25)		912		874,468
2.65%, 06/01/30 (Call 03/01/30)		1,947		1,701,928
3.75%, 03/01/26 (Call 01/01/26)(a)		355		345,155
4.00%, 03/01/28 (Call 12/01/27)		480		464,802
4.00%, 03/01/29 (Call 12/01/28)(a)		250		238,805
4.55%, 03/01/39 (Call 09/01/38)		555		514,793
4.70%, 03/01/49 (Call 09/01/48)(a)		595		545,997
6.50%, 11/15/35		860		950,306
7.38%, 01/15/40		395		462,937
Covidien International Finance SA, 6.55%,
10/15/37		248		275,224
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)(a)		1,400		886,888
2.80%, 12/10/51 (Call 06/10/51)(a)		1,675		1,088,896
3.35%, 09/15/25 (Call 06/15/25)		857		835,786
4.38%, 09/15/45 (Call 03/15/45)(a)		692		610,813
Dentsply Sirona Inc., 3.25%, 06/01/30 (Call 03/01/30)		1,044		908,654
DH Europe Finance II Sarl
2.60%, 11/15/29 (Call 08/15/29)(a)		1,155		1,026,846
3.25%, 11/15/39 (Call 05/15/39)		479		381,129
3.40%, 11/15/49 (Call 05/15/49)		1,189		889,645
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28)(a)		1,134		1,101,358
GE HealthCare Technologies Inc.
5.60%, 11/15/25 (Call 10/15/25)		2,125		2,132,050
5.65%, 11/15/27 (Call 10/15/27)		2,484		2,523,065
5.86%, 03/15/30 (Call 01/15/30)		1,265		1,307,628
5.91%, 11/22/32 (Call 08/22/32)		785		815,821
6.38%, 11/22/52 (Call 05/22/52)		1,570		1,743,550
HCA Inc.
3.13%, 03/15/27 (Call 02/15/27)		1,396		1,311,706
3.63%, 03/15/32 (Call 12/15/31)		2,549		2,226,694
4.38%, 03/15/42 (Call 09/15/41)		880		730,797
Koninklijke Philips NV
5.00%, 03/15/42(a)		731		661,770
6.88%, 03/11/38		1,260		1,353,613
Medtronic Global Holdings SCA
4.25%, 03/30/28 (Call 02/29/28)		1,150		1,124,847
4.50%, 03/30/33 (Call 12/30/32)(a)		1,265		1,217,638
Medtronic Inc.
4.38%, 03/15/35		2,445		2,305,144
4.63%, 03/15/45		2,624		2,435,483
Olympus Corp., 2.14%, 12/08/26
(Call 11/08/26)(b)		1,025		938,488
Revvity Inc.
1.90%, 09/15/28 (Call 07/15/28)(a)		930		802,795

Security	Par (000)		Value
Health Care - Products (continued)
2.25%, 09/15/31 (Call 06/15/31)	$	460	$	374,046
2.55%, 03/15/31 (Call 12/15/30)		855		716,105
3.30%, 09/15/29 (Call 06/15/29)		1,275		1,147,819
3.63%, 03/15/51 (Call 09/15/50)(a)		510		354,094
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)(a)		1,557		1,274,970
Solventum Corp.
5.40%, 03/01/29 (Call 02/01/29)(b)		1,190		1,188,153
5.45%, 02/25/27 (Call 01/25/27)(b)		710		711,339
5.45%, 03/13/31 (Call 01/13/31)(b)		1,475		1,462,302
5.60%, 03/23/34 (Call 12/23/33)(a)(b)		1,475		1,465,700
5.90%, 04/30/54 (Call 10/30/53)(a)(b)		1,475		1,443,570
6.00%, 05/15/64 (Call 11/15/63)(b)		1,475		1,432,535
STERIS Irish FinCo UnLtd Co.
2.70%, 03/15/31 (Call 12/15/30)(a)		1,147		973,778
3.75%, 03/15/51 (Call 09/15/50)		939		694,613
Stryker Corp.
1.15%, 06/15/25 (Call 05/15/25)		662		628,025
1.95%, 06/15/30 (Call 03/15/30)		1,543		1,291,132
2.90%, 06/15/50 (Call 12/15/49)(a)		690		472,413
3.38%, 11/01/25 (Call 08/01/25)		958		930,134
3.50%, 03/15/26 (Call 12/15/25)		1,689		1,637,298
3.65%, 03/07/28 (Call 12/07/27)		889		847,819
4.10%, 04/01/43 (Call 10/01/42)		986		833,964
4.38%, 05/15/44 (Call 11/15/43)(a)		588		518,633
4.63%, 03/15/46 (Call 09/15/45)		1,138		1,035,603
4.85%, 12/08/28 (Call 11/08/28)(a)		865		862,286
Thermo Fisher Scientific Inc.
1.75%, 10/15/28 (Call 08/15/28)(a)		1,147		1,007,409
2.00%, 10/15/31 (Call 07/15/31)(a)		2,054		1,678,144
2.60%, 10/01/29 (Call 07/01/29)		1,403		1,251,311
2.80%, 10/15/41 (Call 04/15/41)(a)		1,730		1,245,221
4.10%, 08/15/47 (Call 02/15/47)		1,118		937,134
4.80%, 11/21/27 (Call 10/21/27)(a)		985		985,685
4.95%, 08/10/26 (Call 07/10/26)		490		490,411
4.95%, 11/21/32 (Call 08/21/32)		725		722,191
4.98%, 08/10/30 (Call 06/10/30)		780		780,552
5.00%, 12/05/26 (Call 11/05/26)		785		786,946
5.00%, 01/31/29 (Call 12/31/28)		1,290		1,297,630
5.09%, 08/10/33 (Call 05/10/33)(a)		840		844,906
5.20%, 01/31/34 (Call 10/31/33)(a)		600		606,775
5.30%, 02/01/44 (Call 08/01/43)		519		517,201
5.40%, 08/10/43 (Call 04/10/43)(a)		885		894,537
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		1,205		1,010,443
3.05%, 01/15/26 (Call 12/15/25)		943		905,992
3.55%, 04/01/25 (Call 01/01/25)		1,021		999,041
3.55%, 03/20/30 (Call 12/20/29)(a)		710		642,996
4.25%, 08/15/35 (Call 02/15/35)(a)		432		380,451
4.45%, 08/15/45 (Call 02/15/45)(a)		545		482,329
5.35%, 12/01/28 (Call 11/01/28)		660		667,370
5.75%, 11/30/39		517		513,923
				113,075,531
Health Care - Services — 2.8%
AdventHealth Obligated Group, Series E, 2.80%, 11/15/51 (Call 05/15/51)(a)		50		32,536
Adventist Health System/West
2.95%, 03/01/29 (Call 12/01/28)(a)		742		661,794
3.63%, 03/01/49 (Call 09/01/48)		595		437,944
5.43%, 03/01/32 (Call 12/01/31)(a)		480		480,951

84 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
Advocate Health & Hospitals Corp.
3.39%, 10/15/49 (Call 04/15/49)	$	232	$	174,192
3.83%, 08/15/28 (Call 05/15/28)		170		162,845
4.27%, 08/15/48 (Call 02/15/48)		377		324,265
Series 2020, 2.21%, 06/15/30 (Call 03/15/30)		65		53,986
Series 2020, 3.01%, 06/15/50 (Call 12/15/49)		625		424,936
Aetna Inc.
3.88%, 08/15/47 (Call 02/15/47)		1,395		1,042,991
4.13%, 11/15/42 (Call 05/15/42)		371		296,587
4.50%, 05/15/42 (Call 11/15/41)		697		591,620
4.75%, 03/15/44 (Call 09/15/43)		595		513,137
6.63%, 06/15/36		1,300		1,415,069
6.75%, 12/15/37		980		1,069,123
AHS Hospital Corp.
5.02%, 07/01/45(a)		760		725,298
Series 2021, 2.78%, 07/01/51 (Call 01/01/51)(a)		810		529,791
Allina Health System
2.90%, 11/15/51 (Call 05/15/51)		155		101,512
4.81%, 11/15/45 (Call 05/15/45)		360		330,490
Series 2019, 3.89%, 04/15/49 (Call 10/15/48)		888		724,726
Ascension Health
3.95%, 11/15/46		900		757,519
4.85%, 11/15/53		522		499,243
Series B, 2.53%, 11/15/29 (Call 08/15/29)		867		772,091
Series B, 3.11%, 11/15/39 (Call 05/15/39)(a)		1,210		943,538
Banner Health
1.90%, 01/01/31 (Call 07/01/30)		470		382,839
2.34%, 01/01/30 (Call 10/01/29)		800		690,416
2.91%, 01/01/42 (Call 07/01/41)		475		347,011
2.91%, 01/01/51 (Call 07/01/50)(a)		535		345,240
Series 2020, 3.18%, 01/01/50 (Call 07/01/49)(a)		564		400,021
Baptist Health South Florida Inc., Series 2017, 4.34%, 11/15/41		605		526,998
Baptist Health South Florida Obligated Group, Series 2021, 3.12%, 11/15/71 (Call 05/15/71)(a)		105		62,155
Baptist Healthcare System Obligated Group, Series 20B, 3.54%, 08/15/50 (Call 02/15/50)(a)		494		366,473
BayCare Health System Inc., Series 2020, 3.83%, 11/15/50 (Call 05/15/50)(a)		350		286,571
Baylor Scott & White Holdings
3.97%, 11/15/46 (Call 05/15/46)		450		372,709
4.19%, 11/15/45 (Call 05/15/45)		1,087		949,631
Series 2021, 1.78%, 11/15/30 (Call 05/15/30)		414		335,162
Series 2021, 2.84%, 11/15/50 (Call 11/15/49)		650		430,724
Beth Israel Lahey Health Inc., Series L, 3.08%, 07/01/51 (Call 01/01/51)		525		332,684
Blue Cross and Blue Shield of Minnesota, 3.79%, 05/01/25 (Call 02/01/25)(b)		1,040		1,008,182
Bon Secours Mercy Health Inc.
3.46%, 06/01/30 (Call 12/01/29)		840		766,388
Series 2018, 4.30%, 07/01/28 (Call 01/01/28)(a)		285		278,393

Security	Par (000)		Value
Health Care - Services (continued)
Series 20-2, 2.10%, 06/01/31 (Call 12/01/30)	$	650	$	530,071
Series 20-2, 3.21%, 06/01/50 (Call 12/01/49)		790		557,683
Catholic Health Services of Long Island Obligated Group, Series 2020, 3.37%, 07/01/50 (Call 01/01/50)		620		425,130
Cedars-Sinai Health System, Series 2021, 2.29%, 08/15/31 (Call 02/15/31)(a)		420		350,439
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)		2,745		2,419,262
2.50%, 03/01/31 (Call 12/01/30)		2,815		2,306,401
2.63%, 08/01/31 (Call 05/01/31)(a)		1,930		1,579,261
3.00%, 10/15/30 (Call 07/15/30)		3,130		2,674,178
3.38%, 02/15/30 (Call 02/15/25)(a)		2,600		2,293,583
4.25%, 12/15/27 (Call 03/18/24)		2,255		2,145,062
4.63%, 12/15/29 (Call 12/15/24)(a)		4,090		3,871,390
Children’s Health System of Texas, 2.51%, 08/15/50 (Call 02/15/50)(a)		1,040		646,180
Children’s Hospital Corp. (The)
Series 2017, 4.12%, 01/01/47 (Call 07/01/46)(a)		215		181,733
Series 2020, 2.59%, 02/01/50 (Call 08/01/49)		165		101,574
Children’s Hospital Medical Center/Cincinnati OH, 4.27%, 05/15/44(a)		669		590,168
Children’s Hospital of Philadelphia (The), Series 2020, 2.70%, 07/01/50 (Call 01/01/50)		610		398,093
Children’s Hospital/DC, Series 2020, 2.93%, 07/15/50 (Call 01/15/50)		515		329,856
CHRISTUS Health, Series C, 4.34%, 07/01/28 (Call 04/01/28)		875		853,742
City of Hope
Series 2013, 5.62%, 11/15/43		315		307,286
Series 2018, 4.38%, 08/15/48 (Call 02/15/48)(a)		650		544,957
Cleveland Clinic Foundation (The), 4.86%, 01/01/2114(a)		405		368,310
CommonSpirit Health
1.55%, 10/01/25 (Call 07/01/25)		472		443,353
2.78%, 10/01/30 (Call 04/01/30)		53		45,383
3.35%, 10/01/29 (Call 04/01/29)		788		716,520
3.82%, 10/01/49 (Call 04/01/49)		482		366,230
3.91%, 10/01/50 (Call 04/01/50)		620		476,363
4.19%, 10/01/49 (Call 04/01/49)		1,058		858,409
4.35%, 11/01/42		640		546,054
6.46%, 11/01/52 (Call 05/01/52)(a)		300		338,367
Community Health Network Inc., Series 20-A, 3.10%, 05/01/50 (Call 11/01/49)(a)		537		359,926
Corewell Health Obligated Group, Series 19A, 3.49%, 07/15/49 (Call 01/15/49)		594		449,057
Cottage Health Obligated Group, Series 2020, 3.30%, 11/01/49 (Call 05/01/49)		834		591,190
Dartmouth-Hitchcock Health, Series B, 4.18%, 08/01/48 (Call 02/01/48)		627		474,679
Dignity Health
4.50%, 11/01/42		100		86,122
5.27%, 11/01/64(a)		340		315,716
Duke University Health System Inc., Series 2017, 3.92%, 06/01/47 (Call 12/01/46)		1,082		895,701
Elevance Health Inc.
1.50%, 03/15/26 (Call 02/15/26)		1,271		1,180,740
2.25%, 05/15/30 (Call 02/15/30)		1,846		1,567,290

S C H E D U L E  O F  I N V E S T M E N T S 85

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Health Care - Services (continued)
2.55%, 03/15/31 (Call 12/15/30)	$	1,326	$	1,124,112
2.88%, 09/15/29 (Call 06/15/29)		1,357		1,218,557
3.13%, 05/15/50 (Call 11/15/49)		1,494		1,024,183
3.60%, 03/15/51 (Call 09/15/50)		1,195		892,174
3.65%, 12/01/27 (Call 09/01/27)		1,980		1,892,826
3.70%, 09/15/49 (Call 03/15/49)		1,238		938,136
4.10%, 03/01/28 (Call 12/01/27)		2,270		2,195,958
4.10%, 05/15/32 (Call 02/15/32)		827		761,949
4.38%, 12/01/47 (Call 06/01/47)		1,630		1,384,958
4.55%, 03/01/48 (Call 09/01/47)		1,190		1,041,108
4.55%, 05/15/52 (Call 11/15/51)		1,202		1,049,926
4.63%, 05/15/42		1,212		1,091,526
4.65%, 01/15/43(a)		1,495		1,352,686
4.65%, 08/15/44 (Call 02/15/44)		1,000		891,245
4.75%, 02/15/33 (Call 11/15/32)		1,335		1,290,344
4.85%, 08/15/54 (Call 02/15/54)		315		268,881
4.90%, 02/08/26 (Call 03/11/24)(a)		845		839,096
5.10%, 01/15/44		1,016		958,768
5.13%, 02/15/53 (Call 08/15/52)(a)		1,540		1,455,032
5.35%, 10/15/25 (Call 09/15/25)		670		669,275
5.50%, 10/15/32 (Call 07/15/32)		820		835,126
5.85%, 01/15/36(a)		370		384,762
5.95%, 12/15/34		515		539,373
6.10%, 10/15/52 (Call 04/15/52)		1,145		1,229,754
6.38%, 06/15/37		680		736,091
Franciscan Missionaries of Our Lady Health System Inc., Series B, 3.91%, 07/01/49 (Call 01/01/49)(a)		187		145,946
Fred Hutchinson Cancer Center, 4.97%, 01/01/52 (Call 07/01/51)		265		251,296
Fresenius Medical Care U.S. Finance III Inc.
1.88%, 12/01/26 (Call 11/01/26)(b)		1,332		1,201,154
2.38%, 02/16/31 (Call 11/16/30)(a)(b)		981		762,105
3.00%, 12/01/31 (Call 09/01/31)(a)(b)		680		540,361
3.75%, 06/15/29 (Call 03/15/29)(b)		859		763,217
Hackensack Meridian Health Inc.
4.21%, 07/01/48 (Call 01/01/48)		665		577,360
4.50%, 07/01/57 (Call 01/01/57)		407		343,314
Series 2020, 2.68%, 09/01/41 (Call 03/01/41)(a)		725		505,066
Series 2020, 2.88%, 09/01/50 (Call 03/01/50)		750		498,967
Hartford HealthCare Corp., 3.45%, 07/01/54(a)		205		143,211
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		1,315		1,070,173
3.38%, 03/15/29 (Call 01/15/29)(a)		605		551,776
3.50%, 09/01/30 (Call 03/01/30)		2,805		2,506,252
3.50%, 07/15/51 (Call 01/15/51)		2,160		1,459,504
4.13%, 06/15/29 (Call 03/15/29)		2,286		2,152,405
4.50%, 02/15/27 (Call 08/15/26)		1,736		1,699,035
4.63%, 03/15/52 (Call 09/15/51)		2,685		2,198,378
5.13%, 06/15/39 (Call 12/15/38)		1,381		1,283,340
5.20%, 06/01/28 (Call 05/01/28)(a)		560		557,915
5.25%, 04/15/25		1,698		1,690,036
5.25%, 06/15/26 (Call 12/15/25)		1,870		1,858,616
5.25%, 06/15/49 (Call 12/15/48)		2,293		2,064,733
5.38%, 09/01/26 (Call 03/01/26)(a)		1,482		1,477,727
5.45%, 04/01/31 (Call 02/01/31)(a)		255		253,794
5.50%, 06/01/33 (Call 03/01/33)(a)		1,360		1,351,941
5.50%, 06/15/47 (Call 12/15/46)		1,916		1,783,928
5.60%, 04/01/34 (Call 01/01/34)		820		816,394

Security		Par (000)		Value
Health Care - Services (continued)
5.63%, 09/01/28 (Call 03/01/28)	$	2,258	$	2,275,431
5.88%, 02/15/26 (Call 08/15/25)		2,157		2,165,940
5.88%, 02/01/29 (Call 08/01/28)		1,720		1,750,638
5.90%, 06/01/53 (Call 12/01/52)		1,340		1,316,179
6.00%, 04/01/54 (Call 10/01/53)		670		664,961
6.10%, 04/01/64 (Call 10/01/63)		1,100		1,086,174
7.50%, 11/06/33(a)		525		584,305
7.69%, 06/15/25		600		614,785
Health Care Service Corp. A Mutual Legal Reserve Co.
1.50%, 06/01/25 (Call 05/01/25)(b)		785		747,734
2.20%, 06/01/30 (Call 03/01/30)(b)		1,634		1,368,083
3.20%, 06/01/50 (Call 12/01/49)(a)(b)		631		427,837
Highmark Inc.
1.45%, 05/10/26 (Call 04/10/26)(b)		1,373		1,252,574
2.55%, 05/10/31 (Call 02/10/31)(b)		932		731,362
Hoag Memorial Hospital Presbyterian, 3.80%, 07/15/52 (Call 01/15/52)(a)		400		326,451
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)		184		164,986
2.15%, 02/03/32 (Call 11/03/31)		1,702		1,349,218
3.13%, 08/15/29 (Call 05/15/29)(a)		215		194,616
3.70%, 03/23/29 (Call 02/23/29)(a)		1,032		965,148
3.95%, 03/15/27 (Call 12/15/26)		1,122		1,083,688
3.95%, 08/15/49 (Call 02/15/49)		658		514,254
4.50%, 04/01/25 (Call 03/01/25)		743		735,292
4.63%, 12/01/42 (Call 06/01/42)		871		764,767
4.80%, 03/15/47 (Call 09/15/46)		654		570,017
4.88%, 04/01/30 (Call 01/01/30)(a)		1,085		1,067,593
4.95%, 10/01/44 (Call 04/01/44)		954		860,430
5.50%, 03/15/53 (Call 09/15/52)(a)		855		828,194
5.70%, 03/13/26 (Call 03/13/24)		95		94,286
5.75%, 03/01/28 (Call 02/01/28)		905		922,736
5.75%, 12/01/28 (Call 11/01/28)		470		480,011
5.88%, 03/01/33 (Call 12/01/32)(a)		745		765,788
5.95%, 03/15/34 (Call 12/15/33)		605		625,484
8.15%, 06/15/38		570		679,378
Indiana University Health Inc. Obligated Group
3.97%, 11/01/48 (Call 05/01/48)		891		738,698
Series 2021, 2.85%, 11/01/51 (Call 05/01/51)(a)		325		213,438
Inova Health System Foundation, 4.07%, 05/15/52 (Call 11/15/51)(a)		465		396,285
Integris Baptist Medical Center Inc., Series A, 3.88%, 08/15/50 (Call 02/15/50)(a)		685		516,886
Iowa Health System, Series 2020, 3.67%, 02/15/50 (Call 08/15/49)		530		412,022
IQVIA Inc.
5.70%, 05/15/28 (Call 04/15/28)		1,005		1,012,296
6.25%, 02/01/29 (Call 01/01/29)		180		185,197
Johns Hopkins Health System Corp. (The),
3.84%, 05/15/46(a)		765		624,426
Kaiser Foundation Hospitals
3.15%, 05/01/27 (Call 02/01/27)		1,135		1,079,087
4.15%, 05/01/47 (Call 11/01/46)		2,162		1,864,209
4.88%, 04/01/42		957		908,792
Series 2019, 3.27%, 11/01/49 (Call 05/01/49)(a)		1,102		809,776
Series 2021, 2.81%, 06/01/41 (Call 12/01/40)		655		478,409

86 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
Series 2021, 3.00%, 06/01/51 (Call 12/01/50)	$	2,015	$	1,381,190
Laboratory Corp. of America Holdings
1.55%, 06/01/26 (Call 05/01/26)		995		917,460
2.70%, 06/01/31 (Call 03/01/31)(a)		1,090		932,496
2.95%, 12/01/29 (Call 09/01/29)		1,030		918,000
3.60%, 09/01/27 (Call 06/01/27)		775		736,940
4.70%, 02/01/45 (Call 08/01/44)		1,542		1,376,295
Mass General Brigham Inc.
Series 2017, 3.77%, 07/01/48 (Call 01/01/48)		15		12,024
Series 2020, 3.19%, 07/01/49 (Call 01/01/49)(a)		545		387,161
Series 2020, 3.34%, 07/01/60 (Call 01/01/60)		920		626,164
Mayo Clinic
3.77%, 11/15/43		355		299,629
Series 2013, 4.00%, 11/15/47(a)		30		25,372
Series 2016, 4.13%, 11/15/52(a)		290		252,385
Series 2021, 3.20%, 11/15/61 (Call 05/15/61)(a)		628		431,779
McLaren Health Care Corp., Series A, 4.39%, 05/15/48 (Call 11/15/47)(a)		508		438,047
MedStar Health Inc., Series 20A, 3.63%, 08/15/49(a)		300		226,832
Memorial Health Services, 3.45%, 11/01/49 (Call 05/01/49)		800		595,026
Memorial Sloan-Kettering Cancer Center
4.13%, 07/01/52(a)		388		330,090
5.00%, 07/01/42		285		276,143
Series 2015, 4.20%, 07/01/55(a)		312		261,671
Series 2020, 2.96%, 01/01/50 (Call 07/01/49)(a)		200		135,646
Methodist Hospital (The), Series 20A, 2.71%, 12/01/50 (Call 06/01/50)(a)		994		623,988
Montefiore Obligated Group
4.29%, 09/01/50		329		203,268
Series 18-C, 5.25%, 11/01/48 (Call 05/01/48)		486		355,826
Mount Nittany Medical Center Obligated Group, 3.80%, 11/15/52(a)		345		270,032
Mount Sinai Hospital
Series 2017, 3.98%, 07/01/48(a)		495		404,685
Series 2019, 3.74%, 07/01/49 (Call 01/01/49)(a)		800		588,913
Series 2020, 3.39%, 07/01/50 (Call 07/01/49)		630		420,829
MultiCare Health System, 2.80%, 08/15/50 (Call 02/15/50)		620		364,065
MyMichigan Health, Series 2020, 3.41%, 06/01/50 (Call 12/01/49)		610		444,147
Nationwide Children’s Hospital Inc., 4.56%, 11/01/52 (Call 05/01/52)(a)		559		513,908
New York and Presbyterian Hospital (The)
2.26%, 08/01/40 (Call 02/01/40)		170		114,526
2.61%, 08/01/60 (Call 02/01/60)(a)		238		137,395
3.56%, 08/01/36		110		94,086
4.02%, 08/01/45(a)		610		517,329
4.06%, 08/01/56		149		121,099
4.76%, 08/01/2116(a)		255		219,504
Series 2019, 3.95%, (Call 02/01/2119)(a)		410		300,698

Security	Par (000)		Value
Health Care - Services (continued)
Northwell Healthcare Inc.
3.81%, 11/01/49 (Call 11/01/48)	$	372	$	284,419
3.98%, 11/01/46 (Call 11/01/45)(a)		625		492,234
4.26%, 11/01/47 (Call 11/01/46)		1,201		977,384
6.15%, 11/01/43		610		637,956
Northwestern Memorial Healthcare Obligated Group, Series 2021, 2.63%, 07/15/51 (Call 01/15/51)(a)		240		156,379
Novant Health Inc.
2.64%, 11/01/36 (Call 08/01/36)		1,135		858,510
3.17%, 11/01/51 (Call 05/01/51)		1,129		768,821
3.32%, 11/01/61 (Call 05/01/61)(a)		608		396,154
4.37%, 11/01/43		350		298,910
NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery, Series 2020, 2.67%, 10/01/50 (Call 04/01/50)(a)		730		443,585
Ochsner Clinic Foundation, 5.90%, 05/15/45 (Call 11/15/44)(a)		495		476,383
OhioHealth Corp.
2.30%, 11/15/31 (Call 05/15/31)		700		576,818
2.83%, 11/15/41 (Call 05/15/41)(a)		860		628,621
Series 2020, 3.04%, 11/15/50 (Call 05/15/50)		153		109,665
Orlando Health Obligated Group
3.33%, 10/01/50 (Call 04/01/50)(a)		385		282,092
4.09%, 10/01/48 (Call 04/01/48)(a)		507		421,717
PeaceHealth Obligated Group
Series 2018, 4.79%, 11/15/48 (Call 05/15/48)(a)		640		559,040
Series 2020, 1.38%, 11/15/25 (Call 08/15/25)		586		544,706
Series 2020, 3.22%, 11/15/50 (Call 05/15/50)		785		517,511
Piedmont Healthcare Inc.
2.04%, 01/01/32 (Call 07/01/31)		735		593,079
2.86%, 01/01/52 (Call 07/01/51)		710		454,998
Series 2042, 2.72%, 01/01/42 (Call 07/01/41)		555		391,637
Premier Health Partners, Series G, 2.91%, 11/15/26 (Call 05/15/26)		462		421,121
Presbyterian Healthcare Services, 4.88%, 08/01/52 (Call 02/01/52)		575		551,913
Providence St Joseph Health Obligated Group 5.40%, 10/01/33 (Call 04/01/33)		280		279,003
Series 19A, 2.53%, 10/01/29 (Call 07/01/29)(a)		1,060		922,097
Series 21A, 2.70%, 10/01/51 (Call 04/01/51)(a)		1,023		616,596
Series A, 3.93%, 10/01/48 (Call 04/01/48)		717		551,561
Series H, 2.75%, 10/01/26 (Call 07/01/26)		706		660,992
Series I, 3.74%, 10/01/47(a)		603		453,606
Queen’s Health Systems (The), 4.81%, 07/01/52 (Call 01/01/52)(a)		150		139,726
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)(a)		667		570,314
2.95%, 06/30/30 (Call 03/30/30)		1,293		1,139,895
3.45%, 06/01/26 (Call 03/01/26)		910		875,626
3.50%, 03/30/25 (Call 12/30/24)(a)		596		585,146
4.20%, 06/30/29 (Call 03/30/29)		885		850,720
4.70%, 03/30/45 (Call 09/30/44)(a)		536		469,996
6.40%, 11/30/33 (Call 08/30/33)(a)		365		389,903

S C H E D U L E  O F  I N V E S T M E N T S 87

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
Rady Children’s Hospital-San Diego, Series 21A, 3.15%, 08/15/51 (Call 08/15/50)(a)	$	105	$	71,214
Roche Holdings Inc.
0.99%, 03/05/26 (Call 02/05/26)(b)		1,110		1,026,736
1.93%, 12/13/28 (Call 10/13/28)(b)		2,900		2,540,754
2.08%, 12/13/31 (Call 09/13/31)(b)		3,037		2,485,977
2.13%, 03/10/25 (Call 02/10/25)(a)(b)		585		566,934
2.31%, 03/10/27 (Call 02/10/27)(b)		1,100		1,025,179
2.38%, 01/28/27 (Call 10/28/26)(b)		1,280		1,198,809
2.61%, 12/13/51 (Call 06/13/51)(b)		2,720		1,715,003
2.63%, 05/15/26 (Call 02/15/26)(b)		1,200		1,142,816
3.00%, 11/10/25 (Call 08/10/25)(a)(b)		782		757,845
3.63%, 09/17/28 (Call 06/17/28)(a)(b)		1,240		1,181,175
4.00%, 11/28/44 (Call 05/28/44)(a)(b)		990		849,805
5.27%, 11/13/26 (Call 10/13/26)(a)(b)		1,665		1,680,103
5.34%, 11/13/28 (Call 10/13/28)(a)(b)		1,930		1,970,093
5.49%, 11/13/30 (Call 09/13/30)(b)		2,060		2,121,952
5.59%, 11/13/33 (Call 08/13/33)(a)(b)		1,975		2,064,451
7.00%, 03/01/39(b)		1,205		1,448,672
Rush Obligated Group, Series 2020, 3.92%, 11/15/29 (Call 08/15/29)(a)		575		547,033
RWJ Barnabas Health Inc.
3.48%, 07/01/49 (Call 01/01/49)		610		454,484
3.95%, 07/01/46 (Call 07/01/45)		725		580,265
Seattle Children’s Hospital, Series 2021, 2.72%, 10/01/50 (Call 10/01/49)(a)		857		552,625
Sentara Healthcare, 2.93%, 11/01/51 (Call 05/01/51)		140		94,561
Sharp HealthCare, Series 20B, 2.68%, 08/01/50 (Call 08/01/49)		60		37,559
Southern Baptist Hospital of Florida Inc., 4.86%, 07/15/45 (Call 01/15/45)		503		478,568
SSM Health Care Corp.
4.89%, 06/01/28 (Call 03/01/28)		545		549,156
Series A, 3.82%, 06/01/27 (Call 03/01/27)		938		902,684
Stanford Health Care
3.03%, 08/15/51 (Call 02/15/51)(a)		605		409,913
Series 2018, 3.80%, 11/15/48 (Call 05/15/48)(a)		961		773,575
Series 2020, 3.31%, 08/15/30 (Call 05/15/30)		290		262,008
Summa Health, 3.51%, 11/15/51 (Call 05/15/51)(a)		310		229,507
Sutter Health
5.16%, 08/15/33 (Call 02/15/33)		25		25,171
Series 2018, 3.70%, 08/15/28 (Call 05/15/28)		302		288,418
Series 2018, 4.09%, 08/15/48 (Call 02/15/48)(a)		420		348,603
Series 20A, 1.32%, 08/15/25 (Call 05/15/25)(a)		65		61,195
Series 20A, 2.29%, 08/15/30 (Call 02/15/30)		335		285,975
Series 20A, 3.16%, 08/15/40 (Call 02/15/40)		333		255,942
Series 20A, 3.36%, 08/15/50 (Call 02/15/50)		360		264,106
Texas Health Resources
2.33%, 11/15/50 (Call 05/15/50)(a)		375		225,541
4.33%, 11/15/55(a)		380		332,612
Toledo Hospital (The), 5.75%, 11/15/38 (Call 11/15/28)(a)		394		393,558
Trinity Health Corp.
4.13%, 12/01/45(a)		865		732,001

Security	Par (000)		Value
Health Care - Services (continued)
Series 2019, 3.43%, 12/01/48	$	485	$	369,006
Series 2021, 2.63%, 12/01/40 (Call 06/01/40)(a)		580		408,424
UMass Memorial Health Care Obligated Group, 5.36%, 07/01/52 (Call 01/01/52)		320		302,613
UnitedHealth Group Inc.
3.70%, 05/15/27 (Call 04/15/27)		680		658,488
1.15%, 05/15/26 (Call 04/15/26)(a)		1,175		1,082,119
1.25%, 01/15/26		1,096		1,023,987
2.00%, 05/15/30		1,582		1,330,961
2.30%, 05/15/31 (Call 02/15/31)		1,625		1,362,419
2.75%, 05/15/40 (Call 11/15/39)		1,600		1,152,761
2.88%, 08/15/29(a)		1,195		1,084,135
2.90%, 05/15/50 (Call 11/15/49)		1,710		1,135,981
2.95%, 10/15/27		1,066		1,001,174
3.05%, 05/15/41 (Call 11/15/40)		1,905		1,415,375
3.10%, 03/15/26		1,035		999,773
3.13%, 05/15/60 (Call 11/15/59)		1,085		709,923
3.25%, 05/15/51 (Call 11/15/50)(a)		2,560		1,795,302
3.38%, 04/15/27		1,035		994,936
3.45%, 01/15/27		1,127		1,087,562
3.50%, 08/15/39 (Call 02/15/39)		1,836		1,482,901
3.70%, 12/15/25		12		11,740
3.70%, 08/15/49 (Call 02/15/49)		1,531		1,175,042
3.75%, 07/15/25		1,626		1,595,510
3.75%, 10/15/47 (Call 04/15/47)		1,609		1,254,494
3.85%, 06/15/28		1,630		1,569,690
3.88%, 12/15/28		1,406		1,349,351
3.88%, 08/15/59 (Call 02/15/59)		1,252		963,346
3.95%, 10/15/42 (Call 04/15/42)(a)		728		611,811
4.00%, 05/15/29 (Call 03/15/29)		1,592		1,531,351
4.20%, 05/15/32 (Call 02/15/32)		2,295		2,162,730
4.20%, 01/15/47 (Call 07/15/46)		735		622,433
4.25%, 01/15/29 (Call 12/15/28)		1,865		1,817,043
4.25%, 03/15/43 (Call 09/15/42)		1,133		991,039
4.25%, 04/15/47 (Call 10/15/46)		911		774,602
4.25%, 06/15/48 (Call 12/15/47)		1,787		1,504,075
4.38%, 03/15/42 (Call 09/15/41)		996		886,349
4.45%, 12/15/48 (Call 06/15/48)		1,423		1,250,877
4.50%, 04/15/33 (Call 01/15/33)		1,990		1,909,697
4.63%, 07/15/35		615		593,640
4.63%, 11/15/41 (Call 05/15/41)		1,146		1,045,647
4.75%, 07/15/45		2,555		2,351,047
4.75%, 05/15/52 (Call 11/15/51)		2,535		2,305,963
4.95%, 05/15/62 (Call 11/15/61)		1,315		1,215,574
5.05%, 04/15/53 (Call 10/15/52)		2,535		2,411,785
5.15%, 10/15/25		725		726,581
5.20%, 04/15/63 (Call 10/15/62)		2,195		2,093,190
5.25%, 02/15/28 (Call 01/15/28)		1,385		1,408,213
5.30%, 02/15/30 (Call 12/15/29)(a)		1,500		1,528,813
5.35%, 02/15/33 (Call 11/15/32)(a)		2,415		2,464,018
5.70%, 10/15/40 (Call 04/15/40)		700		725,481
5.80%, 03/15/36		1,304		1,380,411
5.88%, 02/15/53 (Call 08/15/52)		2,565		2,744,090
5.95%, 02/15/41 (Call 08/15/40)		605		636,588
6.05%, 02/15/63 (Call 08/15/62)		1,905		2,063,060
6.50%, 06/15/37		778		867,746
6.63%, 11/15/37		954		1,078,821
6.88%, 02/15/38		1,083		1,258,078
Universal Health Services Inc.
1.65%, 09/01/26 (Call 08/01/26)		1,116		1,014,648

88 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
2.65%, 10/15/30 (Call 07/15/30)	$	1,240	$	1,035,246
2.65%, 01/15/32 (Call 10/15/31)(a)		907		737,333
UPMC
5.04%, 05/15/33 (Call 02/15/33)		30		29,619
5.38%, 05/15/43 (Call 11/15/42)(a)		160		161,786
Series D-1, 3.60%, 04/03/25(a)		700		687,212
WakeMed, Series A, 3.29%, 10/01/52 (Call 04/01/52)		135		95,066
West Virginia United Health System Obligated Group, Series 2020, 3.13%, 06/01/50 (Call 12/01/49)(a)		201		126,517
Willis-Knighton Medical Center
Series 2018, 4.81%, 09/01/48 (Call 03/01/48)		742		671,363
Series 2021, 3.07%, 03/01/51 (Call 09/01/50)(a)		323		211,987
Yale-New Haven Health Services Corp., Series 2020, 2.50%, 07/01/50 (Call 07/01/49)(a)		190		109,406
				292,618,900
Holding Companies - Diversified — 0.5%
Alfa SAB de CV, 6.88%, 03/25/44 (Call 09/25/43)(b)		345		341,464
Ares Capital Corp.
2.15%, 07/15/26 (Call 06/15/26)		1,675		1,521,569
2.88%, 06/15/27 (Call 05/15/27)		610		554,145
2.88%, 06/15/28 (Call 04/15/28)		1,703		1,491,484
3.20%, 11/15/31 (Call 08/15/31)		955		777,327
3.25%, 07/15/25 (Call 06/15/25)		1,447		1,389,866
3.88%, 01/15/26 (Call 12/15/25)(a)		1,561		1,497,601
4.25%, 03/01/25 (Call 01/01/25)		809		793,402
5.88%, 03/01/29 (Call 02/01/29)		680		664,571
7.00%, 01/15/27		235		239,682
Bain Capital Specialty Finance Inc.
2.55%, 10/13/26 (Call 09/13/26)(a)		684		622,836
2.95%, 03/10/26 (Call 02/10/26)(a)		689		644,819
Barings BDC Inc.
3.30%, 11/23/26 (Call 10/13/26)		405		369,808
7.00%, 02/15/29 (Call 01/15/29)		65		64,469
Blackstone Private Credit Fund
2.63%, 12/15/26 (Call 11/15/26)		1,570		1,418,248
3.25%, 03/15/27 (Call 02/15/27)		1,551		1,418,489
4.00%, 01/15/29 (Call 11/15/28)(a)		832		756,765
4.70%, 03/24/25(a)		700		689,135
6.25%, 01/25/31 (Call 11/25/30)(b)		325		322,163
7.05%, 09/29/25(a)		1,095		1,109,382
7.30%, 11/27/28 (Call 10/27/28)(a)(b)		435		448,949
Blackstone Secured Lending Fund
2.13%, 02/15/27 (Call 01/15/27)(a)		693		621,948
2.75%, 09/16/26 (Call 08/19/26)(a)		1,165		1,069,016
2.85%, 09/30/28 (Call 07/30/28)(a)		770		670,103
3.63%, 01/15/26 (Call 12/15/25)		1,140		1,086,142
Blue Owl Capital Corp.
2.63%, 01/15/27 (Call 12/15/26)(a)		1,037		940,037
2.88%, 06/11/28 (Call 04/11/28)		800		698,996
3.40%, 07/15/26 (Call 06/15/26)		1,448		1,348,583
3.75%, 07/22/25 (Call 06/22/25)		606		583,840
4.00%, 03/30/25 (Call 02/28/25)(a)		481		469,620
4.25%, 01/15/26 (Call 12/15/25)		757		729,654
5.95%, 03/15/29 (Call 02/15/29)(a)		165		161,209
Blue Owl Capital Corp. II, 8.45%, 11/15/26 (Call 10/15/26)(a)(b)		25		25,649

Security	Par (000)		Value
Holding Companies - Diversified (continued)
Blue Owl Capital Corp. III, 3.13%, 04/13/27 (Call 03/13/27)(a)	$	605	$	547,761
Blue Owl Credit Income Corp.
3.13%, 09/23/26 (Call 08/23/26)(a)		790		719,246
4.70%, 02/08/27 (Call 01/08/27)		940		885,123
5.50%, 03/21/25		704		696,699
6.65%, 03/15/31 (Call 01/15/31)(b)		380		367,811
7.75%, 09/16/27 (Call 08/16/27)		585		598,415
7.75%, 01/15/29 (Call 12/15/28)(b)		30		30,636
Blue Owl Technology Finance Corp.
2.50%, 01/15/27 (Call 12/15/26)		382		336,096
3.75%, 06/17/26 (Call 05/17/26)(a)(b)		556		511,395
4.75%, 12/15/25 (Call 11/15/25)(a)(b)		905		862,439
CK Hutchison International 17 II Ltd., 3.25%, 09/29/27(b)		1,178		1,110,231
CK Hutchison International 17 Ltd., 3.50%, 04/05/27(a)(b)		550		526,071
CK Hutchison International 19 II Ltd.
2.75%, 09/06/29 (Call 06/06/29)(a)(b)		1,728		1,535,428
3.38%, 09/06/49 (Call 03/06/49)(a)(b)		1,480		1,090,380
CK Hutchison International 19 Ltd., 3.63%, 04/11/29 (Call 01/11/29)(b)		414		387,648
CK Hutchison International 21 Ltd., 1.50%, 04/15/26 (Call 03/15/26)(b)		864		797,829
FS KKR Capital Corp.
2.63%, 01/15/27 (Call 12/15/26)		455		411,682
3.13%, 10/12/28 (Call 08/12/28)		975		842,182
3.25%, 07/15/27 (Call 06/15/27)(a)		637		578,231
3.40%, 01/15/26 (Call 12/15/25)(a)		1,304		1,232,841
7.88%, 01/15/29 (Call 12/15/28)		40		41,346
Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25)		486		463,154
Golub Capital BDC Inc.
2.05%, 02/15/27 (Call 01/15/27)(a)		710		626,052
2.50%, 08/24/26 (Call 07/24/26)		671		612,341
7.05%, 12/05/28 (Call 11/05/28)		80		81,507
Hutchison Whampoa International 03/33 Ltd., 7.45%, 11/24/33(b)		405		469,496
JAB Holdings BV
2.20%, 11/23/30 (Call 08/23/30)(b)		392		310,176
3.75%, 05/28/51 (Call 11/28/50)(b)		815		530,166
4.50%, 04/08/52 (Call 10/08/51)(a)(b)		630		465,527
Main Street Capital Corp.
3.00%, 07/14/26 (Call 06/14/26)		995		920,472
6.95%, 03/01/29 (Call 02/01/29)		265		265,984
Morgan Stanley Direct Lending Fund, 4.50%, 02/11/27 (Call 01/11/27)		510		487,614
Oaktree Specialty Lending Corp.
2.70%, 01/15/27 (Call 12/15/26)		480		427,352
7.10%, 02/15/29 (Call 01/15/29)(a)		520		526,231
Prospect Capital Corp.
3.36%, 11/15/26 (Call 10/15/26)(a)		705		635,245
3.44%, 10/15/28 (Call 08/15/28)		469		398,193
3.71%, 01/22/26 (Call 12/22/25)		578		543,807
PTT Treasury Center Co. Ltd., 3.70%, 07/16/70 (Call 01/16/70)(a)(b)		790		546,293
Sixth Street Specialty Lending Inc.
2.50%, 08/01/26 (Call 07/01/26)(a)		200		183,436
6.13%, 03/01/29 (Call 02/01/29)(a)		25		24,610
				48,168,117

S C H E D U L E  O F  I N V E S T M E N T S 89

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Home Builders — 0.1%
DR Horton Inc.
1.30%, 10/15/26 (Call 09/15/26)	$	1,067	$	965,371
1.40%, 10/15/27 (Call 08/15/27)(a)		932		821,604
2.60%, 10/15/25 (Call 09/15/25)		713		682,217
Lennar Corp.
4.75%, 05/30/25 (Call 02/28/25)(a)		629		622,717
4.75%, 11/29/27 (Call 05/29/27)(a)		992		976,165
5.00%, 06/15/27 (Call 12/15/26)(a)		769		762,633
5.25%, 06/01/26 (Call 12/01/25)		815		813,595
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)		870		734,986
3.85%, 01/15/30 (Call 07/15/29)		505		465,545
3.97%, 08/06/61 (Call 02/06/61)		347		264,347
6.00%, 01/15/43 (Call 10/15/42)		1,050		1,047,499
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(a)(b)		170		154,700
5.13%, 06/06/27 (Call 12/06/26)(a)		100		98,490
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29)		1,163		1,024,316
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)(a)		962		957,716
5.50%, 03/01/26 (Call 12/01/25)		734		735,458
6.00%, 02/15/35		614		630,535
6.38%, 05/15/33		735		775,073
7.88%, 06/15/32(a)		433		500,565
Toll Brothers Finance Corp.
3.80%, 11/01/29 (Call 08/01/29)(a)		680		625,160
4.35%, 02/15/28 (Call 11/15/27)		620		595,907
4.88%, 11/15/25 (Call 08/15/25)		515		508,627
4.88%, 03/15/27 (Call 12/15/26)(a)		925		909,590
				15,672,816
Home Furnishings — 0.1%
Harman International Industries Inc., 4.15%, 05/15/25 (Call 02/15/25)		642		631,283
Leggett & Platt Inc.
3.50%, 11/15/27 (Call 08/15/27)		1,005		938,500
3.50%, 11/15/51 (Call 05/15/51)(a)		815		562,074
4.40%, 03/15/29 (Call 12/15/28)		1,028		973,707
Panasonic Holdings Corp., 3.11%, 07/19/29 (Call 04/19/29)(a)(b)		605		549,868
Whirlpool Corp.
2.40%, 05/15/31 (Call 02/15/31)(a)		405		333,191
3.70%, 05/01/25		530		518,806
4.50%, 06/01/46 (Call 12/01/45)(a)		565		454,720
4.60%, 05/15/50 (Call 11/15/49)(a)		863		697,809
4.70%, 05/14/32 (Call 02/14/32)		360		339,813
4.75%, 02/26/29 (Call 11/26/28)(a)		1,124		1,097,494
5.15%, 03/01/43		391		345,106
5.50%, 03/01/33 (Call 12/01/32)(a)		495		490,801
5.75%, 03/01/34 (Call 12/01/33)(a)		375		372,194
				8,305,366
Household Products & Wares — 0.3%
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)		660		535,716
2.65%, 04/30/30 (Call 02/01/30)		612		531,002
4.88%, 12/06/28 (Call 09/06/28)		934		924,924
5.75%, 03/15/33 (Call 12/15/32)		580		601,928
Church & Dwight Co. Inc.
2.30%, 12/15/31 (Call 09/15/31)		315		259,922
3.15%, 08/01/27 (Call 05/01/27)		782		737,042
3.95%, 08/01/47 (Call 02/01/47)		505		401,232

Security	Par (000)		Value
Household Products & Wares (continued)
5.00%, 06/15/52 (Call 12/15/51)	$	885	$	836,477
5.60%, 11/15/32 (Call 08/15/32)(a)		925		959,568
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)		980		809,300
3.10%, 10/01/27 (Call 07/01/27)(a)		988		926,825
3.90%, 05/15/28 (Call 02/15/28)(a)		660		635,661
4.40%, 05/01/29 (Call 03/01/29)(a)		505		492,322
4.60%, 05/01/32 (Call 02/01/32)(a)		880		853,798
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)(a)		998		878,170
2.00%, 11/02/31 (Call 08/02/31)(a)		940		774,233
2.65%, 03/01/25		483		471,208
2.75%, 02/15/26		675		648,276
2.88%, 02/07/50 (Call 08/07/49)(a)		544		371,817
3.05%, 08/15/25(a)		493		479,511
3.10%, 03/26/30 (Call 12/26/29)		1,504		1,369,688
3.20%, 04/25/29 (Call 01/25/29)		848		787,952
3.20%, 07/30/46 (Call 01/30/46)(a)		455		330,911
3.70%, 06/01/43		405		317,035
3.90%, 05/04/47 (Call 11/04/46)		629		507,949
3.95%, 11/01/28 (Call 08/01/28)(a)		854		827,080
4.50%, 02/16/33 (Call 11/16/32)		545		532,935
5.30%, 03/01/41		495		493,997
6.63%, 08/01/37(a)		1,086		1,248,951
Kimberly-Clark de Mexico SAB de CV
2.43%, 07/01/31 (Call 04/01/31)(b)		520		438,004
3.25%, 03/12/25(a)(b)		390		379,762
Reckitt Benckiser Treasury Services PLC, 3.00%, 06/26/27 (Call 03/26/27)(a)(b)		3,482		3,273,474
SC Johnson & Son Inc.
4.00%, 05/15/43 (Call 02/15/43)(a)(b)		555		447,330
4.35%, 09/30/44 (Call 03/30/44)(a)(b)		645		530,056
4.75%, 10/15/46 (Call 04/16/46)(b)		1,050		939,459
4.80%, 09/01/40(b)		700		626,328
				26,179,843
Insurance — 4.4%
Accident Fund Insurance Co. of America, 8.50%, 08/01/32 (Call 05/01/32)(b)		10		9,887
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28),
(6-mo. LIBOR US + 3.540%)(d)		737		707,873
Aflac Inc.
1.13%, 03/15/26 (Call 02/15/26)		695		641,491
2.88%, 10/15/26 (Call 07/15/26)		852		804,822
3.60%, 04/01/30 (Call 01/01/30)(a)		1,528		1,416,362
4.00%, 10/15/46 (Call 04/15/46)(a)		395		314,923
4.75%, 01/15/49 (Call 07/15/48)(a)		677		612,122
6.45%, 08/15/40(a)		455		494,288
AIA Group Ltd.
3.20%, 03/11/25 (Call 12/11/24)(b)		490		479,547
3.20%, 09/16/40 (Call 03/16/40)(b)		2,497		1,863,375
3.38%, 04/07/30 (Call 01/07/30)(b)		1,500		1,370,990
3.60%, 04/09/29 (Call 01/09/29)(b)		1,985		1,862,692
3.90%, 04/06/28 (Call 01/06/28)(a)(b)		1,005		967,465
4.50%, 03/16/46 (Call 09/16/45)(b)		1,025		923,356
4.88%, 03/11/44(b)		100		94,775
4.95%, 04/04/33 (Call 01/04/33)(b)		550		548,798
5.63%, 10/25/27 (Call 09/25/27)(b)		1,380		1,409,339
AIG SunAmerica Global Financing X, 6.90%, 03/15/32(a)(b)		1,136		1,235,536
Alleghany Corp.
3.25%, 08/15/51 (Call 02/15/51)		670		472,716

90 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
3.63%, 05/15/30 (Call 02/15/30)	$	920	$	855,189
4.90%, 09/15/44 (Call 03/15/44)(a)		347		324,914
Allied World Assurance Co. Holdings Ltd.,
4.35%, 10/29/25 (Call 07/29/25)		834		808,880
Allstate Corp. (The)
0.75%, 12/15/25 (Call 11/15/25)		930		858,073
1.45%, 12/15/30 (Call 09/15/30)		1,226		968,059
3.28%, 12/15/26 (Call 09/15/26)		882		840,452
3.85%, 08/10/49 (Call 02/10/49)		1,007		782,872
4.20%, 12/15/46 (Call 06/15/46)		902		736,582
4.50%, 06/15/43		529		461,116
5.25%, 03/30/33 (Call 12/30/32)(a)		445		443,308
5.35%, 06/01/33(a)		265		265,442
5.55%, 05/09/35		846		860,060
5.95%, 04/01/36		400		417,294
6.50%, 05/15/67 (Call 05/15/37),
(3-mo. LIBOR US + 2.120%)(a)(d)		665		669,579
American Equity Investment Life Holding Co.,
5.00%, 06/15/27 (Call 03/15/27)		1,062		1,021,500
American Financial Group Inc./OH
4.50%, 06/15/47 (Call 12/15/46)		690		561,881
5.25%, 04/02/30 (Call 01/02/30)(a)		512		505,867
American International Group Inc.
3.40%, 06/30/30 (Call 03/30/30)		310		279,520
3.88%, 01/15/35 (Call 07/15/34)		485		426,479
4.20%, 04/01/28 (Call 01/01/28)		680		660,432
4.38%, 06/30/50 (Call 12/30/49)		1,373		1,178,997
4.50%, 07/16/44 (Call 01/16/44)		975		860,249
4.75%, 04/01/48 (Call 10/01/47)(a)		1,346		1,228,255
4.80%, 07/10/45 (Call 01/10/45)		991		907,304
5.13%, 03/27/33 (Call 12/27/32)		905		892,667
6.25%, 05/01/36(a)		820		854,373
Series A-9, 5.75%, 04/01/48 (Call 04/01/28),
(3-mo. LIBOR US + 2.868%)(d)		910		893,989
American National Group LLC, 6.14%, 06/13/32
(Call 03/13/32)(a)(b)		65		61,150
Americo Life Inc., 3.45%, 04/15/31
(Call 01/15/31)(b)		673		521,949
AmFam Holdings Inc.
2.81%, 03/11/31 (Call 12/11/30)(b)		965		729,622
3.83%, 03/11/51 (Call 09/11/50)(a)(b)		776		462,912
Aon Corp.
2.80%, 05/15/30 (Call 02/15/30)		1,688		1,467,494
3.75%, 05/02/29 (Call 02/02/29)(a)		728		683,065
4.50%, 12/15/28 (Call 09/15/28)		712		694,762
6.25%, 09/30/40		555		589,607
8.21%, 01/01/27		274		294,380
Aon Corp./Aon Global Holdings PLC
2.05%, 08/23/31 (Call 05/23/31)		650		521,892
2.60%, 12/02/31 (Call 09/02/31)		555		461,368
2.85%, 05/28/27 (Call 04/28/27)		980		913,061
2.90%, 08/23/51 (Call 02/23/51)		810		505,526
3.90%, 02/28/52 (Call 08/28/51)		1,312		993,138
5.00%, 09/12/32 (Call 06/12/32)		1,000		976,756
5.35%, 02/28/33 (Call 11/28/32)(a)		800		797,905
Aon Global Ltd.
3.88%, 12/15/25 (Call 09/15/25)		1,221		1,190,618
4.25%, 12/12/42		300		241,417
4.45%, 05/24/43 (Call 02/24/43)		201		164,714
4.60%, 06/14/44 (Call 03/14/44)		690		594,218
4.75%, 05/15/45 (Call 11/15/44)		730		643,909

Security	Par (000)		Value
Insurance (continued)
Aon North America Inc.
5.13%, 03/01/27 (Call 02/01/27)	$	905	$	904,344
5.15%, 03/01/29 (Call 02/01/29)		1,235		1,235,444
5.30%, 03/01/31 (Call 01/01/31)		1,275		1,273,048
5.45%, 03/01/34 (Call 12/01/33)		1,275		1,275,807
5.75%, 03/01/54 (Call 09/01/53)		850		853,336
Arch Capital Finance LLC
4.01%, 12/15/26 (Call 09/15/26)		1,077		1,038,581
5.03%, 12/15/46 (Call 06/15/46)(a)		789		722,241
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		1,047		770,902
7.35%, 05/01/34		418		469,882
Arch Capital Group U.S. Inc., 5.14%, 11/01/43		537		499,566
Arthur J Gallagher & Co.
2.40%, 11/09/31 (Call 08/09/31)(a)		788		636,085
3.05%, 03/09/52 (Call 09/09/51)		746		472,217
3.50%, 05/20/51 (Call 11/20/50)		1,345		933,879
5.45%, 07/15/34 (Call 04/15/34)(a)		140		139,487
5.50%, 03/02/33 (Call 12/02/32)		515		514,409
5.75%, 03/02/53 (Call 09/02/52)		704		693,729
5.75%, 07/15/54 (Call 01/15/54)		175		173,334
6.50%, 02/15/34 (Call 11/15/33)		380		406,030
6.75%, 02/15/54 (Call 08/15/53)		445		501,638
Ascot Group Ltd., 4.25%, 12/15/30
(Call 12/15/25)(a)(b)		175		141,914
Assurant Inc.
2.65%, 01/15/32 (Call 10/15/31)(a)		580		470,990
3.70%, 02/22/30 (Call 11/22/29)		681		607,789
4.90%, 03/27/28 (Call 12/27/27)		1,015		994,086
6.75%, 02/15/34		445		464,104
Assured Guaranty Municipal Holdings Inc.,
6.40%, 12/15/66 (Call 12/15/36),
(1-mo. LIBOR US + 2.215%)(b)(d)		160		146,606
Assured Guaranty U.S. Holdings Inc.
3.15%, 06/15/31 (Call 03/15/31)(a)		1,000		874,369
3.60%, 09/15/51 (Call 03/15/51)		687		482,525
6.13%, 09/15/28 (Call 08/15/28)		190		196,145
Athene Global Funding
1.45%, 01/08/26(a)(b)		732		675,674
1.61%, 06/29/26(a)(b)		1,025		930,674
1.73%, 10/02/26(a)(b)		935		841,193
1.99%, 08/19/28(b)		1,035		887,389
2.45%, 08/20/27(a)(b)		25		22,398
2.50%, 03/24/28(b)		922		817,384
2.55%, 06/29/25(b)		551		525,034
2.55%, 11/19/30(b)		740		605,952
2.65%, 10/04/31(b)		645		519,925
2.67%, 06/07/31(b)		781		634,756
2.72%, 01/07/29(a)(b)		780		678,303
2.95%, 11/12/26(a)(b)		380		352,143
5.58%, 01/09/29(b)		20		19,925
Athene Holding Ltd.
3.45%, 05/15/52 (Call 11/15/51)(a)		1,002		657,018
3.50%, 01/15/31 (Call 10/15/30)(a)		755		656,228
3.95%, 05/25/51 (Call 11/25/50)(a)		525		383,009
4.13%, 01/12/28 (Call 10/12/27)(a)		1,395		1,336,248
5.88%, 01/15/34 (Call 10/15/33)		925		917,633
6.15%, 04/03/30 (Call 01/03/30)		635		653,359
6.65%, 02/01/33 (Call 11/01/32)(a)		510		533,746
Augustar Life Insurance Co., 6.88%, 06/15/42(a)(b)		400		361,610

S C H E D U L E  O F  I N V E S T M E N T S 91

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
AXA SA, 8.60%, 12/15/30	$	185	$	219,103
AXIS Specialty Finance LLC
3.90%, 07/15/29 (Call 04/15/29)(a)		733		689,303
4.90%, 01/15/40 (Call 01/15/30), (5-year CMT + 3.186%)(d)		472		412,870
AXIS Specialty Finance PLC
4.00%, 12/06/27 (Call 09/06/27)(a)		890		849,552
5.15%, 04/01/45		395		341,312
Belrose Funding Trust, 2.33%, 08/15/30 (Call 05/15/30)(b)		658		516,432
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30 (Call 07/15/30)		1,577		1,286,652
1.85%, 03/12/30 (Call 12/12/29)		662		563,121
2.30%, 03/15/27 (Call 02/15/27)		1,395		1,307,046
2.50%, 01/15/51 (Call 07/15/50)(a)		1,115		689,030
2.85%, 10/15/50 (Call 04/15/50)		2,570		1,697,473
2.88%, 03/15/32 (Call 12/15/31)(a)		1,497		1,308,424
3.85%, 03/15/52 (Call 09/15/51)		3,115		2,471,220
4.20%, 08/15/48 (Call 02/15/48)		2,723		2,369,390
4.25%, 01/15/49 (Call 07/15/48)		2,354		2,073,564
4.30%, 05/15/43(a)		825		739,756
4.40%, 05/15/42		1,036		955,837
5.75%, 01/15/40		1,095		1,177,301
Berkshire Hathaway Inc.
3.13%, 03/15/26 (Call 12/15/25)		2,392		2,311,039
4.50%, 02/11/43(a)		1,565		1,479,997
Brighthouse Financial Global Funding
1.55%, 05/24/26(a)(b)		667		608,235
2.00%, 06/28/28(b)		638		547,327
Brighthouse Financial Inc.
3.70%, 06/22/27 (Call 03/22/27)		785		740,057
3.85%, 12/22/51 (Call 06/22/51)(a)		520		339,390
4.70%, 06/22/47 (Call 12/22/46)		769		595,813
5.63%, 05/15/30 (Call 02/15/30)(a)		1,014		1,009,107
Brown & Brown Inc.
2.38%, 03/15/31 (Call 12/15/30)		1,453		1,189,586
4.20%, 03/17/32 (Call 12/17/31)(a)		615		558,308
4.50%, 03/15/29 (Call 12/15/28)		825		798,455
4.95%, 03/17/52 (Call 09/17/51)		945		815,750
Chubb Corp. (The)
6.00%, 05/11/37		705		756,655
Series 1, 6.50%, 05/15/38		940		1,059,277
Chubb INA Holdings Inc.
1.38%, 09/15/30 (Call 06/15/30)(a)		1,415		1,145,389
2.85%, 12/15/51 (Call 06/15/51)(a)		1,090		738,961
3.05%, 12/15/61 (Call 06/15/61)		1,235		821,514
3.15%, 03/15/25		1,337		1,307,692
3.35%, 05/03/26 (Call 02/03/26)		1,720		1,658,309
4.15%, 03/13/43(a)		880		768,924
4.35%, 11/03/45 (Call 05/03/45)		1,307		1,154,029
6.70%, 05/15/36(a)		370		421,167
Cincinnati Financial Corp.
6.13%, 11/01/34		975		1,017,233
6.92%, 05/15/28		690		733,284
CNA Financial Corp.
2.05%, 08/15/30 (Call 05/15/30)		910		751,673
3.45%, 08/15/27 (Call 05/15/27)		858		812,601
3.90%, 05/01/29 (Call 02/01/29)		974		914,015
4.50%, 03/01/26 (Call 12/01/25)		842		828,532
5.13%, 02/15/34 (Call 11/15/33)		160		154,704
5.50%, 06/15/33 (Call 03/15/33)		105		105,891

Security	Par (000)		Value
Insurance (continued)
CNO Financial Group Inc.
5.25%, 05/30/25 (Call 02/28/25)	$	666	$	662,164
5.25%, 05/30/29 (Call 02/28/29)		729		707,889
CNO Global Funding
1.75%, 10/07/26(b)		955		861,538
2.65%, 01/06/29(b)		990		855,746
Corebridge Financial Inc.
3.50%, 04/04/25 (Call 03/04/25)		1,320		1,289,214
3.65%, 04/05/27 (Call 03/05/27)		2,095		1,987,896
3.85%, 04/05/29 (Call 02/05/29)		1,475		1,367,843
3.90%, 04/05/32 (Call 01/05/32)		1,835		1,614,985
4.35%, 04/05/42 (Call 10/05/41)		1,110		916,062
4.40%, 04/05/52 (Call 10/05/51)		1,100		882,881
5.75%, 01/15/34 (Call 10/15/33)		845		842,463
6.05%, 09/15/33 (Call 06/15/33)(b)		925		944,360
6.88%, 12/15/52 (Call 09/15/27), (5-year CMT + 3.846%)(d)		575		574,068
Corebridge Global Funding
0.90%, 09/22/25(a)(b)		807		752,373
5.20%, 01/12/29(a)(b)		485		479,637
5.75%, 07/02/26(b)		1,395		1,396,058
5.90%, 09/19/28(b)		75		76,455
Dai-Ichi Life Insurance Co. Ltd. (The), 4.00%, (Call 07/24/26), (3-mo. LIBOR US + 3.660%)(b)(d)(e)		440		420,130
Doctors Co. An Interinsurance Exchange (The), 4.50%, 01/18/32 (Call 10/18/31)(b)		350		273,205
Empower Finance 2020 LP
1.36%, 09/17/27 (Call 07/17/27)(b)		728		641,435
1.78%, 03/17/31 (Call 12/17/30)(b)		632		499,536
3.08%, 09/17/51 (Call 03/17/51)(a)(b)		700		466,361
Enstar Finance LLC
5.50%, 01/15/42 (Call 01/15/27), (5-year CMT + 4.006%)(a)(d)		50		45,031
5.75%, 09/01/40 (Call 09/01/25), (5-year CMT + 5.468%)(d)		25		23,913
Enstar Group Ltd.
3.10%, 09/01/31 (Call 03/01/31)		1,005		818,867
4.95%, 06/01/29 (Call 03/01/29)		890		865,720
Equitable Financial Life Global Funding
1.00%, 01/09/26(b)		600		551,416
1.30%, 07/12/26(b)		918		830,779
1.40%, 07/07/25(b)		1,013		957,314
1.40%, 08/27/27(a)(b)		67		57,979
1.70%, 11/12/26(a)(b)		728		658,132
1.75%, 11/15/30(a)(b)		537		426,968
1.80%, 03/08/28(b)		930		815,059
5.45%, 03/03/28(b)		560		555,613
5.50%, 12/02/25(b)		510		508,773
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)		1,831		1,763,046
5.00%, 04/20/48 (Call 10/20/47)		1,846		1,669,169
5.59%, 01/11/33 (Call 10/11/32)		810		816,457
7.00%, 04/01/28(a)		850		901,039
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)(a)		1,265		806,872
3.50%, 10/15/50 (Call 04/15/50)		1,755		1,227,013
4.87%, 06/01/44(a)		340		303,801
F&G Annuities & Life Inc., 7.40%, 01/13/28 (Call 12/13/27)		565		580,514

92 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
F&G Global Funding
1.75%, 06/30/26(b)	$	1,195	$	1,078,874
2.00%, 09/20/28(b)		925		778,744
2.30%, 04/11/27(a)(b)		830		743,144
5.15%, 07/07/25(b)		430		421,728
Fairfax Financial Holdings Ltd.
3.38%, 03/03/31 (Call 12/03/30)		940		814,887
4.63%, 04/29/30 (Call 01/29/30)		972		916,915
4.85%, 04/17/28 (Call 01/17/28)(a)		1,114		1,089,122
5.63%, 08/16/32 (Call 05/16/32)		770		757,296
6.00%, 12/07/33 (Call 09/07/33)(a)(b)		765		768,539
Farmers Exchange Capital, 7.05%, 07/15/28(a)(b)		640		644,556
Farmers Exchange Capital II, 6.15%, 11/01/53 (Call 11/01/33), (3-mo. LIBOR US + 3.744%)(b)(d)		660		606,434
Farmers Exchange Capital III, 5.45%, 10/15/54 (Call 10/15/34), (3-mo. LIBOR US + 3.454%)(b)(d)		830		677,662
Farmers Insurance Exchange, 4.75%, 11/01/57 (Call 11/01/37), (3-mo. LIBOR US + 3.231%)(b)(d)		606		447,039
Fidelity & Guaranty Life Holdings Inc., 5.50%, 05/01/25 (Call 02/01/25)(a)(b)		991		978,466
Fidelity National Financial Inc.
2.45%, 03/15/31 (Call 12/15/30)		1,027		834,489
3.20%, 09/17/51 (Call 03/17/51)		730		458,581
3.40%, 06/15/30 (Call 03/15/30)(a)		1,065		939,775
4.50%, 08/15/28 (Call 05/15/28)		607		584,674
First American Financial Corp.
2.40%, 08/15/31 (Call 05/15/31)		947		742,363
4.00%, 05/15/30 (Call 02/15/30)		840		746,139
Five Corners Funding Trust II, 2.85%, 05/15/30 (Call 02/15/30)(b)		2,785		2,414,106
Five Corners Funding Trust III, 5.79%, 02/15/33 (Call 11/15/32)(a)(b)		1,070		1,098,747
Five Corners Funding Trust IV, 6.00%, 02/15/53 (Call 08/15/52)(b)		870		915,330
GA Global Funding Trust
1.63%, 01/15/26(b)		986		907,879
1.95%, 09/15/28(b)		1,107		936,389
2.25%, 01/06/27(a)(b)		700		636,319
2.90%, 01/06/32(a)(b)		1,025		826,607
3.85%, 04/11/25(b)		630		616,999
5.50%, 01/08/29(b)		390		385,149
Global Atlantic Fin Co.
3.13%, 06/15/31 (Call 03/15/31)(b)		855		690,646
4.40%, 10/15/29 (Call 07/15/29)(a)(b)		958		875,856
7.95%, 06/15/33 (Call 03/15/33)(b)		776		848,881
Globe Life Inc.
2.15%, 08/15/30 (Call 05/15/30)		782		645,457
4.55%, 09/15/28 (Call 06/15/28)		1,130		1,102,401
4.80%, 06/15/32 (Call 03/15/32)(a)		395		380,150
Great-West Lifeco Finance 2018 LP
4.05%, 05/17/28 (Call 02/17/28)(a)(b)		620		598,571
4.58%, 05/17/48 (Call 11/17/47)(a)(b)		383		337,100
Great-West Lifeco Finance Delaware LP, 4.15%, 06/03/47 (Call 12/03/46)(b)		1,195		960,569
Great-West Lifeco U.S. Finance 2020 LP, 0.90%, 08/12/25 (Call 07/12/25)(b)		700		657,056

Security	Par (000)		Value
Insurance (continued)
Guardian Life Global Funding
0.88%, 12/10/25(b)	$	778	$	719,347
1.10%, 06/23/25(b)		626		593,353
1.25%, 05/13/26(a)(b)		571		523,153
1.25%, 11/19/27(b)		385		337,498
1.40%, 07/06/27(a)(b)		520		461,483
1.63%, 09/16/28(a)(b)		440		382,016
3.25%, 03/29/27(b)		650		617,376
5.55%, 10/28/27(b)		780		796,227
5.74%, 10/02/28(b)		370		382,910
Guardian Life Insurance Co. of America (The)
3.70%, 01/22/70 (Call 07/22/69)(a)(b)		396		259,743
4.85%, 01/24/77(a)(b)		616		507,196
4.88%, 06/19/64(a)(b)		540		464,025
Hanover Insurance Group Inc. (The)
2.50%, 09/01/30 (Call 06/01/30)		873		724,520
4.50%, 04/15/26 (Call 01/15/26)		956		937,097
Hartford Financial Services Group Inc. (The)
2.80%, 08/19/29 (Call 05/19/29)		1,019		910,729
2.90%, 09/15/51 (Call 03/15/51)		920		589,182
3.60%, 08/19/49 (Call 02/19/49)		780		587,379
4.30%, 04/15/43		518		442,968
4.40%, 03/15/48 (Call 09/15/47)		591		508,413
5.95%, 10/15/36		703		726,200
6.10%, 10/01/41		497		517,120
6.63%, 03/30/40		532		570,686
Hill City Funding Trust, 4.05%, 08/15/41 (Call 02/15/41)(a)(b)		300		215,722
Horace Mann Educators Corp.
4.50%, 12/01/25 (Call 09/01/25)(a)		110		107,678
7.25%, 09/15/28 (Call 08/15/28)		175		187,357
Intact Financial Corp., 5.46%, 09/22/32 (Call 06/22/32)(b)		1,020		1,013,929
Jackson Financial Inc.
3.13%, 11/23/31 (Call 08/23/31)(a)		1,040		859,839
4.00%, 11/23/51 (Call 05/23/51)(a)		870		622,623
5.17%, 06/08/27 (Call 05/08/27)(a)		377		374,555
5.67%, 06/08/32 (Call 03/08/32)(a)		395		393,664
Jackson National Life Global Funding
3.05%, 04/29/26(a)(b)		656		615,791
3.05%, 06/21/29(b)		812		692,489
3.88%, 06/11/25(a)(b)		622		605,044
5.25%, 04/12/28(b)		270		259,957
5.50%, 01/09/26(b)		730		726,687
Jackson National Life Insurance Co., 8.15%, 03/15/27(a)(b)		515		537,975
Kemper Corp.
2.40%, 09/30/30 (Call 06/30/30)(a)		900		705,666
3.80%, 02/23/32 (Call 11/23/31)		405		339,592
Liberty Mutual Group Inc.
3.95%, 10/15/50 (Call 04/15/50)(a)(b)		1,626		1,216,901
3.95%, 05/15/60 (Call 11/15/59)(b)		884		632,482
4.57%, 02/01/29(b)		1,981		1,909,388
4.85%, 08/01/44(a)(b)		80		69,037
5.50%, 06/15/52 (Call 12/15/51)(a)(b)		1,400		1,338,980
6.50%, 03/15/35(a)(b)		607		604,979
6.50%, 05/01/42(b)		550		542,808
Liberty Mutual Insurance Co., 7.70%, 10/15/97(b)		10		11,530
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)(a)		578		505,524

S C H E D U L E  O F  I N V E S T M E N T S 93

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
3.35%, 03/09/25(a)	$	520	$	507,811
3.40%, 01/15/31 (Call 10/15/30)		630		551,304
3.40%, 03/01/32 (Call 12/01/31)		280		237,563
3.63%, 12/12/26 (Call 09/15/26)(a)		750		715,877
3.80%, 03/01/28 (Call 12/01/27)		511		485,944
4.35%, 03/01/48 (Call 09/01/47)(a)		362		280,569
4.38%, 06/15/50 (Call 12/15/49)		475		366,251
6.30%, 10/09/37		609		626,386
7.00%, 06/15/40(a)		584		635,600
Loews Corp.
3.20%, 05/15/30 (Call 02/15/30)		1,205		1,088,084
3.75%, 04/01/26 (Call 01/01/26)(a)		1,021		993,409
4.13%, 05/15/43 (Call 11/15/42)		764		641,911
6.00%, 02/01/35(a)		195		206,411
Manulife Financial Corp.
2.48%, 05/19/27 (Call 03/19/27)(a)		1,165		1,080,643
3.70%, 03/16/32 (Call 12/16/31)(a)		705		642,144
4.06%, 02/24/32 (Call 02/24/27) (5-year USD ICE Swap + 1.647%)(d)		920		875,850
4.15%, 03/04/26		1,396		1,368,527
5.38%, 03/04/46		905		886,251
Maple Grove Funding Trust I, 4.16%, 08/15/51 (Call 02/15/51)(b)		795		546,199
Markel Group Inc.
3.35%, 09/17/29 (Call 06/17/29)		851		766,526
3.45%, 05/07/52 (Call 11/07/51)(a)		1,040		713,474
3.50%, 11/01/27 (Call 08/01/27)		567		534,033
4.15%, 09/17/50 (Call 03/17/50)(a)		851		668,645
4.30%, 11/01/47 (Call 05/01/47)		576		460,690
5.00%, 03/30/43(a)		395		354,257
5.00%, 04/05/46		431		382,908
5.00%, 05/20/49 (Call 11/20/48)(a)		605		544,921
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		945		797,807
2.38%, 12/15/31 (Call 09/15/31)		365		303,246
2.90%, 12/15/51 (Call 06/15/51)		530		339,816
3.50%, 03/10/25 (Call 12/10/24)(a)		657		644,993
3.75%, 03/14/26 (Call 12/14/25)		1,001		976,040
4.20%, 03/01/48 (Call 09/01/47)		846		709,112
4.35%, 01/30/47 (Call 07/30/46)		679		576,096
4.38%, 03/15/29 (Call 12/15/28)		2,012		1,965,643
4.75%, 03/15/39 (Call 09/15/38)		739		699,630
4.90%, 03/15/49 (Call 09/15/48)		1,611		1,490,171
5.15%, 03/15/34 (Call 12/15/33)		450		448,375
5.40%, 09/15/33 (Call 06/15/33)(a)		725		737,536
5.45%, 03/15/53 (Call 09/15/52)(a)		325		323,619
5.45%, 03/15/54 (Call 09/15/53)		450		447,134
5.70%, 09/15/53 (Call 03/15/53)		1,400		1,444,608
5.75%, 11/01/32 (Call 08/01/32)		555		576,772
5.88%, 08/01/33(a)		640		673,743
6.25%, 11/01/52 (Call 05/01/52)(a)		395		435,582
Massachusetts Mutual Life Insurance Co.
3.20%, 12/01/61(b)		275		171,703
3.38%, 04/15/50(a)(b)		803		550,901
3.73%, 10/15/70(a)(b)		955		646,458
4.50%, 04/15/65(b)		290		226,334
4.90%, 04/01/77(b)		653		546,544
5.08%, 02/15/69 (Call 02/15/49), (3-mo. LIBOR US + 3.191%)(b)(d)		865		772,560
5.38%, 12/01/41(a)(b)		782		706,307
5.67%, 12/01/52 (Call 06/01/52)(b)		320		319,233

Security	Par (000)		Value
Insurance (continued)
MassMutual Global Funding II
1.20%, 07/16/26(a)(b)	$	640	$	582,924
1.55%, 10/09/30(b)		1,118		890,559
2.15%, 03/09/31(a)(b)		783		642,605
2.35%, 01/14/27(a)(b)		600		557,884
3.40%, 03/08/26(a)(b)		1,312		1,270,699
4.15%, 08/26/25(b)		683		673,088
4.50%, 04/10/26(b)		1,370		1,354,011
4.85%, 01/17/29(a)(b)		600		593,747
5.05%, 12/07/27(a)(b)		1,105		1,105,108
5.05%, 06/14/28(a)(b)		725		723,484
Meiji Yasuda Life Insurance Co.
5.10%, 04/26/48 (Call 04/26/28), (5-year USD ICE Swap + 3.150%)(a)(b)(d)		640		624,747
5.20%, 10/20/45 (Call 10/20/25), (5-year USD Swap + 4.230%)(a)(b)(d)		1,510		1,484,156
Mercury General Corp., 4.40%, 03/15/27 (Call 12/15/26)		913		871,231
Met Tower Global Funding
1.25%, 09/14/26(b)		912		826,837
3.70%, 06/13/25(a)(b)		967		946,897
4.85%, 01/16/27(a)(b)		450		448,929
5.40%, 06/20/26(b)		535		537,680
MetLife Capital Trust IV, 7.88%, 12/15/67 (Call 12/15/32)(b)		939		1,005,118
MetLife Inc.
3.00%, 03/01/25		453		442,620
3.60%, 11/13/25 (Call 08/13/25)		870		849,161
4.05%, 03/01/45		1,242		1,023,464
4.13%, 08/13/42		1,290		1,093,251
4.55%, 03/23/30 (Call 12/23/29)(a)		1,260		1,234,106
4.60%, 05/13/46 (Call 11/13/45)		860		768,338
4.72%, 12/15/44		745		665,139
4.88%, 11/13/43		1,054		970,241
5.00%, 07/15/52 (Call 01/15/52)		1,195		1,115,646
5.25%, 01/15/54 (Call 07/15/53)(a)		1,235		1,193,178
5.38%, 07/15/33 (Call 04/15/33)		925		928,810
5.70%, 06/15/35		1,631		1,686,584
5.88%, 02/06/41		1,191		1,244,084
6.38%, 06/15/34		1,023		1,103,672
6.40%, 12/15/66 (Call 12/15/31)(a)		1,709		1,734,806
6.50%, 12/15/32(a)		1,046		1,144,847
9.25%, 04/08/68 (Call 04/08/33)(b)		255		290,866
10.75%, 08/01/69 (Call 08/01/34)(a)		596		800,931
Metropolitan Life Global Funding I
0.95%, 07/02/25(a)(b)		1,315		1,241,496
1.55%, 01/07/31(b)		1,245		976,660
1.88%, 01/11/27(a)(b)		802		731,780
2.40%, 01/11/32(b)		1,150		936,241
2.80%, 03/21/25(b)		425		413,625
2.95%, 04/09/30(b)		1,475		1,296,733
3.00%, 09/19/27(a)(b)		1,699		1,578,725
3.05%, 06/17/29(a)(b)		982		882,053
3.30%, 03/21/29(a)(b)		590		541,727
3.45%, 12/18/26(b)		1,679		1,608,863
4.05%, 08/25/25(a)(b)		465		457,155
4.30%, 08/25/29(b)		945		904,037
4.40%, 06/30/27(a)(b)		410		399,140
4.85%, 01/08/29(a)(b)		450		444,030
5.00%, 01/06/26(b)		860		857,687
5.05%, 01/06/28(b)		920		917,282

94 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
5.05%, 01/08/34(a)(b)	$	600	$	587,267
5.15%, 03/28/33(a)(b)		1,287		1,273,015
5.40%, 09/12/28(b)		495		500,879
Metropolitan Life Insurance Co., 7.80%, 11/01/25(b)		535		551,301
Mitsui Sumitomo Insurance Co. Ltd., 4.95%, (Call 03/06/29), (5-year USD Swap + 3.256%)(b)(d)(e)		255		245,583
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, 5.88%, 05/23/42 (Call 11/23/31), (5-year CMT + 3.982%)(b)(d)		675		680,400
Munich Re America Corp., Series B, 7.45%, 12/15/26		50		52,930
Mutual of Omaha Companies Global Funding, 5.45%, 12/12/28(a)(b)		400		403,643
Mutual of Omaha Cos Global Funding, 5.80%, 07/27/26(b)		640		644,857
Mutual of Omaha Insurance Co.
6.14%, 01/16/64 (Call 10/16/53), (10-year CMT + 2.950%)(b)(d)		25		25,322
6.80%, 06/15/36(b)		120		125,483
National Life Insurance Co., 5.25%, 07/19/68 (Call 07/19/48), (3-mo. LIBOR US + 3.314%)(a)(b)(d)		170		147,876
Nationwide Financial Services Inc.
3.90%, 11/30/49 (Call 05/30/49)(b)		1,705		1,324,609
5.30%, 11/18/44(a)(b)		605		541,519
6.75%, 05/15/87		220		213,182
Nationwide Mutual Insurance Co.
4.35%, 04/30/50 (Call 10/30/49)(a)(b)		1,824		1,441,540
4.95%, 04/22/44(a)(b)		802		688,483
7.88%, 04/01/33(b)		463		510,131
8.25%, 12/01/31(a)(b)		609		679,153
9.38%, 08/15/39(b)		522		672,987
New York Life Global Funding
0.85%, 01/15/26(a)(b)		880		814,900
0.95%, 06/24/25(b)		460		435,378
1.15%, 06/09/26(b)		1,305		1,193,368
1.20%, 08/07/30(b)		835		656,999
1.85%, 08/01/31(a)(b)		269		214,395
2.35%, 07/14/26(a)(b)		105		98,619
3.00%, 01/10/28(b)		1,092		1,015,810
3.25%, 04/07/27(b)		825		782,851
3.60%, 08/05/25(a)(b)		1,132		1,108,421
4.55%, 01/28/33(b)		1,395		1,328,339
4.70%, 04/02/26(a)(b)		1,075		1,066,502
4.70%, 01/29/29(a)(b)		955		941,907
4.85%, 01/09/28(b)		1,415		1,406,524
4.90%, 06/13/28(b)		899		896,400
5.00%, 01/09/34(b)		1,055		1,036,087
5.45%, 09/18/26(a)(b)		605		610,506
New York Life Insurance Co.
3.75%, 05/15/50 (Call 11/15/49)(b)		1,836		1,402,323
4.45%, 05/15/69 (Call 11/15/68)(b)		995		802,215
5.88%, 05/15/33(b)		1,373		1,419,566
6.75%, 11/15/39(a)(b)		826		933,580
Nippon Life Insurance Co.
2.75%, 01/21/51 (Call 01/21/31), (5-year CMT + 2.653%)(b)(d)		1,870		1,543,290
2.90%, 09/16/51 (Call 09/16/31), (5-year CMT + 2.600%)(b)(d)		895		736,165

Security	Par (000)		Value
Insurance (continued)
3.40%, 01/23/50 (Call 01/23/30), (5-year CMT + 2.612%)(b)(d)	$	1,252	$	1,099,239
4.00%, 09/19/47 (Call 09/19/27), (5-year USD ICE Swap + 2.880%)(b)(d)		505		474,657
4.70%, 01/20/46 (Call 01/20/26), (5-year USD ICE Swap + 3.750%)(a)(b)(d)		615		599,435
6.25%, 09/13/53 (Call 09/13/33), (5-year CMT + 2.954%)(b)(d)		715		740,903
Northwestern Mutual Global Funding
0.80%, 01/14/26(a)(b)		1,053		973,070
1.70%, 06/01/28(a)(b)		1,085		942,330
1.75%, 01/11/27(a)(b)		1,367		1,249,407
4.00%, 07/01/25(b)		710		699,758
4.35%, 09/15/27(b)		320		311,914
4.70%, 04/06/26(b)		235		232,200
4.71%, 01/10/29(b)		515		507,348
4.90%, 06/12/28(b)		760		751,950
Northwestern Mutual Life Insurance Co. (The)
3.45%, 03/30/51 (Call 09/30/50)(b)		1,015		716,972
3.63%, 09/30/59 (Call 03/30/59)(a)(b)		1,439		1,006,605
3.85%, 09/30/47 (Call 03/30/47)(a)(b)		2,047		1,593,833
6.06%, 03/30/40(a)(b)		830		861,322
Old Republic International Corp.
3.85%, 06/11/51 (Call 12/11/50)		902		654,018
3.88%, 08/26/26 (Call 07/26/26)		758		731,937
OneAmerica Financial Partners Inc., 4.25%, 10/15/50 (Call 04/15/50)(b)		445		307,891
Pacific Life Global Funding II
1.20%, 06/24/25(b)		769		729,765
1.38%, 04/14/26(a)(b)		1,915		1,768,006
1.45%, 01/20/28(a)(b)		697		613,887
1.60%, 09/21/28(b)		902		765,536
2.45%, 01/11/32(b)		720		576,013
4.90%, 04/04/28(b)		585		576,076
4.90%, 01/11/29(a)(b)		350		346,652
5.50%, 08/28/26(b)		825		830,369
5.50%, 07/18/28(a)(b)		655		663,274
Pacific Life Insurance Co.
4.30%, 10/24/67 (Call 10/24/47), (3-mo. LIBOR US + 2.796%)(a)(b)(d)		895		679,257
9.25%, 06/15/39(a)(b)		35		45,608
Pacific LifeCorp.
3.35%, 09/15/50 (Call 03/15/50)(b)		950		656,241
5.13%, 01/30/43(b)		525		488,047
5.40%, 09/15/52 (Call 03/15/52)(b)		1,110		1,068,920
6.60%, 09/15/33(a)(b)		500		538,298
PartnerRe Finance B LLC
3.70%, 07/02/29 (Call 04/02/29)(a)		745		699,424
4.50%, 10/01/50 (Call 04/01/30), (5-year CMT + 3.815%)(d)		710		633,008
Penn Mutual Life Insurance Co. (The), 3.80%, 04/29/61(a)(b)		496		325,245
Pine Street Trust I, 4.57%, 02/15/29 (Call 11/15/28)(b)		826		781,088
Pine Street Trust II, 5.57%, 02/15/49 (Call 08/15/48)(b)		835		769,478
Pricoa Global Funding I
0.80%, 09/01/25(a)(b)		567		530,742
1.20%, 09/01/26(a)(b)		1,282		1,163,033
4.20%, 08/28/25(b)		615		606,378
5.10%, 05/30/28(b)		590		589,830

S C H E D U L E  O F  I N V E S T M E N T S 95

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
5.55%, 08/28/26(b)	$	255	$	257,997
Primerica Inc., 2.80%, 11/19/31 (Call 08/19/31)		749		621,835
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/15/30)		638		530,664
3.10%, 11/15/26 (Call 08/15/26)		550		521,477
3.40%, 05/15/25 (Call 02/15/25)		184		179,741
3.70%, 05/15/29 (Call 02/15/29)(a)		648		604,494
4.30%, 11/15/46 (Call 05/15/46)		430		356,196
4.35%, 05/15/43(a)		455		395,228
4.63%, 09/15/42(a)		400		358,862
5.38%, 03/15/33 (Call 12/15/32)(a)		520		523,829
5.50%, 03/15/53 (Call 09/15/52)(a)		340		331,668
6.05%, 10/15/36		945		994,261
Principal Life Global Funding II
0.88%, 01/12/26(a)(b)		950		874,230
1.25%, 06/23/25(b)		636		603,284
1.25%, 08/16/26(b)		603		545,465
1.50%, 11/17/26(a)(b)		334		303,518
1.50%, 08/27/30(a)(b)		687		542,767
1.63%, 11/19/30(b)		260		203,261
2.50%, 09/16/29(a)(b)		647		557,884
3.00%, 04/18/26(b)		1,390		1,321,001
5.00%, 01/16/27(b)		325		325,669
5.10%, 01/25/29(a)(b)		710		704,309
5.50%, 06/28/28(a)(b)		740		740,195
Progressive Corp. (The)
2.45%, 01/15/27		985		918,349
2.50%, 03/15/27 (Call 02/15/27)(a)		785		730,664
3.00%, 03/15/32 (Call 12/15/31)		557		482,278
3.20%, 03/26/30 (Call 12/26/29)		1,095		989,135
3.70%, 01/26/45(a)		387		313,348
3.70%, 03/15/52 (Call 09/15/51)		530		410,353
3.95%, 03/26/50 (Call 09/26/49)(a)		312		253,882
4.00%, 03/01/29 (Call 12/01/28)		613		589,808
4.13%, 04/15/47 (Call 10/15/46)		1,241		1,041,885
4.20%, 03/15/48 (Call 09/15/47)		850		731,109
4.35%, 04/25/44		475		421,085
4.95%, 06/15/33 (Call 03/15/33)(a)		515		511,386
6.25%, 12/01/32(a)		795		860,691
6.63%, 03/01/29		690		741,271
Protective Life Corp.
3.40%, 01/15/30 (Call 10/15/29)(a)(b)		926		813,576
4.30%, 09/30/28 (Call 06/30/28)(a)(b)		797		770,909
Protective Life Global Funding
1.17%, 07/15/25(b)		515		486,567
1.30%, 09/20/26(b)		628		568,202
1.62%, 04/15/26(b)		945		874,167
1.74%, 09/21/30(b)		1,015		812,399
1.90%, 07/06/28(a)(b)		470		413,464
3.22%, 03/28/25(b)		650		636,259
4.71%, 07/06/27(b)		515		507,489
4.99%, 01/12/27(b)		550		548,452
5.21%, 04/14/26(a)(b)		805		802,879
5.37%, 01/06/26(b)		960		962,172
5.47%, 12/08/28(b)		915		925,667
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		1,118		1,041,777
2.10%, 03/10/30 (Call 12/10/29)(a)		770		658,935
3.00%, 03/10/40 (Call 09/10/39)		560		417,384
3.70%, 10/01/50 (Call 07/01/30), (5-year CMT + 3.035%)(d)		815		711,864

Security	Par (000)		Value
Insurance (continued)
3.70%, 03/13/51 (Call 09/13/50)	$	1,963	$	1,497,518
3.88%, 03/27/28 (Call 12/27/27)		465		446,600
3.91%, 12/07/47 (Call 06/07/47)		1,202		947,041
3.94%, 12/07/49 (Call 06/07/49)		1,407		1,104,210
4.35%, 02/25/50 (Call 08/25/49)		1,314		1,112,165
4.42%, 03/27/48 (Call 09/27/47)		614		524,480
4.50%, 09/15/47 (Call 09/15/27), (3-mo. LIBOR US + 2.380%)(a)(d)		912		850,534
4.60%, 05/15/44		1,005		894,514
5.13%, 03/01/52 (Call 11/28/31), (5-year CMT + 3.162%)(d)		195		182,293
5.38%, 05/15/45 (Call 05/15/25), (3-mo. LIBOR US + 3.031%)(d)		433		426,318
5.70%, 12/14/36		1,288		1,327,818
5.70%, 09/15/48 (Call 09/15/28), (3-mo. LIBOR US + 2.665%)(a)(d)		1,347		1,308,870
5.75%, 07/15/33(a)		866		908,198
6.00%, 09/01/52 (Call 06/01/32), (5-year CMT + 3.234%)(a)(d)		955		952,417
6.63%, 12/01/37		580		646,737
6.63%, 06/21/40(a)		450		494,372
Prudential Funding Asia PLC
3.13%, 04/14/30(a)		1,524		1,358,302
3.63%, 03/24/32 (Call 12/24/31)(a)		565		504,757
Prudential Insurance Co. of America (The),
8.30%, 07/01/25(b)		280		287,451
Reinsurance Group of America Inc.
3.15%, 06/15/30 (Call 03/15/30)(a)		1,016		896,491
3.90%, 05/15/29 (Call 02/15/29)		965		910,586
3.95%, 09/15/26 (Call 06/15/26)		915		889,967
6.00%, 09/15/33 (Call 06/15/33)		640		657,176
Reliance Standard Life Global Funding II
1.51%, 09/28/26(b)		1,324		1,180,586
2.75%, 05/07/25(b)		832		800,918
2.75%, 01/21/27(b)		752		686,096
5.24%, 02/02/26(a)(b)		15		14,747
RenaissanceRe Finance Inc.
3.45%, 07/01/27 (Call 04/01/27)(a)		909		859,426
3.70%, 04/01/25 (Call 01/01/25)		326		319,546
RenaissanceRe Holdings Ltd.
3.60%, 04/15/29 (Call 01/15/29)		600		553,038
5.75%, 06/05/33 (Call 03/05/33)(a)		905		912,325
RGA Global Funding
2.00%, 11/30/26(a)(b)		695		632,453
2.70%, 01/18/29(a)(b)		830		728,632
5.50%, 01/11/31(b)		410		404,508
6.00%, 11/21/28(a)(b)		410		418,500
Sagicor Financial Co. Ltd., 5.30%, 05/13/28 (Call 05/13/24)(b)		5		4,790
Sammons Financial Group Inc.
3.35%, 04/16/31 (Call 01/16/31)(b)		1,155		933,327
4.45%, 05/12/27 (Call 02/12/27)(a)(b)		865		819,047
4.75%, 04/08/32 (Call 01/08/32)(b)		725		629,193
SBL Holdings Inc.
5.00%, 02/18/31 (Call 11/18/30)(b)		960		792,657
5.13%, 11/13/26 (Call 09/13/26)(b)		835		783,046
Securian Financial Group Inc., 4.80%, 04/15/48(b)		560		453,417
Selective Insurance Group Inc., 5.38%, 03/01/49 (Call 09/01/48)		310		292,471

96 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
SiriusPoint Ltd., 4.60%, 11/01/26 (Call 08/01/26)(b)	$	225	$	212,735
Sompo International Holdings Ltd., 7.00%, 07/15/34(a)		350		374,481
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31)		711		550,891
Sumitomo Life Insurance Co.
3.38%, 04/15/81 (Call 04/15/31), (5-year CMT + 2.747%)(b)(d)		923		788,763
4.00%, 09/14/77 (Call 09/14/27), (3-mo. LIBOR US + 2.993%)(a)(b)(d)		675		633,495
5.88%, (Call 01/18/34), (5-year CMT + 2.841%)(b)(d)		35		34,575
Swiss Re America Holding Corp., 7.00%, 02/15/26		130		133,486
Swiss Re Finance Luxembourg SA, 5.00%, 04/02/49 (Call 04/02/29), (5-year CMT + 3.582%)(a)(b)(d)		994		963,639
Teachers Insurance & Annuity Association of America
3.30%, 05/15/50 (Call 11/15/49)(b)		1,882		1,316,446
4.27%, 05/15/47 (Call 11/15/46)(a)(b)		2,571		2,114,136
4.90%, 09/15/44(a)(b)		1,824		1,656,986
6.85%, 12/16/39(b)		1,444		1,629,063
Transatlantic Holdings Inc., 8.00%, 11/30/39(a)		515		654,551
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		370		230,323
3.05%, 06/08/51 (Call 12/08/50)		935		638,789
3.75%, 05/15/46 (Call 11/15/45)		797		633,908
4.00%, 05/30/47 (Call 11/30/46)		1,041		858,714
4.05%, 03/07/48 (Call 09/07/47)		963		806,596
4.10%, 03/04/49 (Call 09/04/48)		937		790,061
4.30%, 08/25/45 (Call 02/25/45)		773		673,798
4.60%, 08/01/43		480		447,800
5.35%, 11/01/40		839		846,316
5.45%, 05/25/53 (Call 11/25/52)(a)		570		581,275
6.25%, 06/15/37		805		884,898
6.75%, 06/20/36		760		864,902
Travelers Property Casualty Corp., 6.38%, 03/15/33(a)		784		869,874
Trinity Acquisition PLC
4.40%, 03/15/26 (Call 12/15/25)		697		682,985
6.13%, 08/15/43		677		660,804
Trustage Financial Group Inc., 4.63%, 04/15/32 (Call 01/15/32)(a)(b)		265		228,352
Unum Group
3.88%, 11/05/25		20		19,353
4.00%, 06/15/29 (Call 03/15/29)		61		57,045
4.13%, 06/15/51 (Call 12/15/50)		675		496,131
4.50%, 12/15/49 (Call 06/15/49)		440		348,805
5.75%, 08/15/42(a)		501		486,329
W R Berkley Corp.
3.15%, 09/30/61 (Call 03/30/61)(a)		300		178,773
3.55%, 03/30/52 (Call 09/30/51)		452		309,626
4.00%, 05/12/50 (Call 11/12/49)		585		449,146
4.75%, 08/01/44		705		609,337
Western & Southern Financial Group Inc.,
5.75%, 07/15/33(a)(b)		545		565,052
Western & Southern Life Insurance Co. (The)
3.75%, 04/28/61 (Call 10/28/60)(b)		595		402,955
5.15%, 01/15/49 (Call 07/15/48)(a)(b)		380		345,164

Security	Par (000)		Value
Insurance (continued)
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)	$	1,055	$	938,596
3.88%, 09/15/49 (Call 03/15/49)(a)		461		341,912
4.50%, 09/15/28 (Call 06/15/28)		1,252		1,208,510
4.65%, 06/15/27 (Call 05/15/27)		615		603,584
5.05%, 09/15/48 (Call 03/15/48)		370		329,406
5.35%, 05/15/33 (Call 02/15/33)		475		466,962
5.90%, 03/05/54 (Call 09/05/53)		950		947,788
WR Berkley Corp., 6.25%, 02/15/37		200		205,474
XL Group Ltd., 5.25%, 12/15/43		400		372,566
				459,323,809
Internet — 1.7%
Alibaba Group Holding Ltd.
2.13%, 02/09/31 (Call 11/09/30)		1,035		855,970
2.70%, 02/09/41 (Call 08/09/40)(a)		805		556,015
3.15%, 02/09/51 (Call 08/09/50)		1,445		953,347
3.25%, 02/09/61 (Call 08/09/60)		1,035		656,951
3.40%, 12/06/27 (Call 09/06/27)		3,087		2,915,179
4.00%, 12/06/37 (Call 06/06/37)		1,683		1,450,914
4.20%, 12/06/47 (Call 06/06/47)(a)		1,865		1,516,578
4.40%, 12/06/57 (Call 06/06/57)(a)		1,325		1,083,896
4.50%, 11/28/34 (Call 05/28/34)(a)		1,247		1,171,420
Alphabet Inc.
0.45%, 08/15/25 (Call 07/15/25)		1,448		1,362,230
0.80%, 08/15/27 (Call 06/15/27)(a)		1,980		1,749,621
1.10%, 08/15/30 (Call 05/15/30)		3,156		2,555,486
1.90%, 08/15/40 (Call 02/15/40)(a)		1,795		1,189,273
2.00%, 08/15/26 (Call 05/15/26)		3,081		2,895,028
2.05%, 08/15/50 (Call 02/15/50)		3,320		1,960,894
2.25%, 08/15/60 (Call 02/15/60)(a)		2,652		1,524,436
Amazon.com Inc.
0.80%, 06/03/25 (Call 05/03/25)		1,352		1,284,141
1.00%, 05/12/26 (Call 04/12/26)		3,680		3,387,339
1.20%, 06/03/27 (Call 04/03/27)		1,710		1,530,032
1.50%, 06/03/30 (Call 03/03/30)		2,969		2,455,423
1.65%, 05/12/28 (Call 03/12/28)		3,225		2,861,982
2.10%, 05/12/31 (Call 02/12/31)		3,670		3,083,361
2.50%, 06/03/50 (Call 12/03/49)(a)		3,124		1,962,535
2.70%, 06/03/60 (Call 12/03/59)		2,511		1,547,881
2.88%, 05/12/41 (Call 11/12/40)		2,617		1,965,269
3.00%, 04/13/25		695		679,066
3.10%, 05/12/51 (Call 11/12/50)		4,470		3,155,330
3.15%, 08/22/27 (Call 05/22/27)		4,036		3,831,666
3.25%, 05/12/61 (Call 11/12/60)		1,946		1,338,954
3.30%, 04/13/27 (Call 03/13/27)		2,732		2,619,202
3.45%, 04/13/29 (Call 02/13/29)(a)		1,685		1,596,806
3.60%, 04/13/32 (Call 01/13/32)		2,530		2,333,102
3.88%, 08/22/37 (Call 02/22/37)		3,755		3,348,293
3.95%, 04/13/52 (Call 10/13/51)(a)		3,074		2,541,037
4.05%, 08/22/47 (Call 02/22/47)		4,673		4,004,576
4.10%, 04/13/62 (Call 10/13/61)(a)		1,605		1,330,181
4.25%, 08/22/57 (Call 02/22/57)		2,978		2,563,259
4.55%, 12/01/27 (Call 11/01/27)		2,800		2,791,429
4.60%, 12/01/25		1,735		1,727,285
4.65%, 12/01/29 (Call 10/01/29)		1,970		1,970,990
4.70%, 12/01/32 (Call 09/01/32)(a)		2,795		2,780,627
4.80%, 12/05/34 (Call 06/05/34)		1,855		1,855,292
4.95%, 12/05/44 (Call 06/05/44)(a)		1,918		1,895,841
5.20%, 12/03/25 (Call 09/03/25)		905		909,003
Baidu Inc.
1.63%, 02/23/27 (Call 01/23/27)(a)		235		211,448

S C H E D U L E  O F  I N V E S T M E N T S 97

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Internet (continued)
2.38%, 08/23/31 (Call 05/23/31)	$	465	$	382,632
3.08%, 04/07/25 (Call 03/07/25)(a)		395		383,936
3.43%, 04/07/30 (Call 01/07/30)		390		352,770
3.63%, 07/06/27(a)		560		533,977
4.38%, 03/29/28 (Call 12/29/27)(a)		594		575,034
4.88%, 11/14/28 (Call 08/14/28)		455		451,378
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		1,061		1,010,219
3.60%, 06/01/26 (Call 03/01/26)		1,626		1,575,806
3.65%, 03/15/25 (Call 12/15/24)(a)		950		933,964
4.63%, 04/13/30 (Call 01/13/30)		2,356		2,314,575
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)(a)		932		859,563
1.90%, 03/11/25 (Call 02/11/25)(a)		989		954,649
2.60%, 05/10/31 (Call 02/10/31)(a)		931		789,517
2.70%, 03/11/30 (Call 12/11/29)		1,382		1,207,291
3.60%, 06/05/27 (Call 03/05/27)		1,332		1,273,547
3.65%, 05/10/51 (Call 11/10/50)		1,110		804,485
4.00%, 07/15/42 (Call 01/15/42)		976		775,040
5.90%, 11/22/25 (Call 10/22/25)		465		468,821
5.95%, 11/22/27 (Call 10/22/27)(a)		670		689,227
6.30%, 11/22/32 (Call 08/22/32)		470		498,696
Expedia Group Inc.
2.95%, 03/15/31 (Call 12/15/30)(a)		944		808,365
3.25%, 02/15/30 (Call 11/15/29)(a)		2,096		1,867,265
3.80%, 02/15/28 (Call 11/15/27)		1,472		1,392,184
4.63%, 08/01/27 (Call 05/01/27)		1,249		1,222,391
5.00%, 02/15/26 (Call 11/15/25)		1,174		1,165,913
6.25%, 05/01/25 (Call 02/01/25)(b)		1,271		1,276,731
JD.com Inc.
3.38%, 01/14/30 (Call 10/14/29)		214		193,433
3.88%, 04/29/26		225		217,969
Meituan
2.13%, 10/28/25 (Call 09/28/25)(a)(b)		265		249,658
3.05%, 10/28/30 (Call 07/28/30)(a)(b)		820		693,665
Meta Platforms Inc.
3.50%, 08/15/27 (Call 07/15/27)(a)		3,867		3,706,446
3.85%, 08/15/32 (Call 05/15/32)		3,775		3,496,724
4.45%, 08/15/52 (Call 02/15/52)		3,665		3,202,116
4.60%, 05/15/28 (Call 04/15/28)		1,755		1,747,327
4.65%, 08/15/62 (Call 02/15/62)		1,887		1,671,961
4.80%, 05/15/30 (Call 03/15/30)		1,370		1,369,527
4.95%, 05/15/33 (Call 02/15/33)(a)		1,575		1,576,391
5.60%, 05/15/53 (Call 11/15/52)		3,230		3,344,165
5.75%, 05/15/63 (Call 11/15/62)		2,191		2,293,763
Netflix Inc.
3.63%, 06/15/25 (Call 03/15/25)(b)		700		684,633
4.38%, 11/15/26		1,475		1,451,216
4.88%, 04/15/28(a)		2,390		2,385,173
4.88%, 06/15/30 (Call 03/15/30)(a)(b)		1,329		1,318,490
5.38%, 11/15/29(b)		1,445		1,467,348
5.88%, 11/15/28		2,247		2,325,576
6.38%, 05/15/29		1,185		1,258,106
Prosus NV
3.06%, 07/13/31 (Call 04/13/31)(b)		1,402		1,131,760
3.26%, 01/19/27 (Call 12/19/26)(b)		500		460,211
3.68%, 01/21/30 (Call 10/21/29)(b)		1,671		1,446,552
3.83%, 02/08/51 (Call 08/08/50)(b)		1,942		1,197,520
4.03%, 08/03/50 (Call 02/03/50)(b)		1,695		1,078,956
4.19%, 01/19/32 (Call 10/19/31)(b)		485		415,531
4.85%, 07/06/27 (Call 04/06/27)(b)		100		96,105

Security	Par (000)		Value
Internet (continued)
4.99%, 01/19/52 (Call 07/19/51)(a)(b)	$	1,440	$	1,056,053
Tencent Holdings Ltd.
1.81%, 01/26/26 (Call 12/26/25)(b)		835		782,813
2.39%, 06/03/30 (Call 03/03/30)(a)(b)		1,886		1,612,462
2.88%, 04/22/31 (Call 01/22/31)(a)(b)		975		845,255
3.24%, 06/03/50 (Call 12/03/49)(a)(b)		2,290		1,541,151
3.29%, 06/03/60 (Call 12/03/59)(a)(b)		600		385,696
3.58%, 04/11/26 (Call 02/11/26)(b)		1,027		991,983
3.60%, 01/19/28 (Call 10/19/27)(b)		2,030		1,926,100
3.68%, 04/22/41 (Call 10/22/40)(b)		980		778,239
3.84%, 04/22/51 (Call 10/22/50)(a)(b)		1,885		1,416,429
3.93%, 01/19/38 (Call 07/19/37)(b)		834		711,602
3.94%, 04/22/61 (Call 10/22/60)(b)		1,215		891,197
3.98%, 04/11/29 (Call 01/11/29)(a)(b)		2,666		2,526,875
4.53%, 04/11/49 (Call 10/11/48)(a)(b)		560		478,884
Tencent Music Entertainment Group
1.38%, 09/03/25 (Call 08/03/25)(a)		100		94,087
2.00%, 09/03/30 (Call 06/03/30)		855		696,441
VeriSign Inc.
2.70%, 06/15/31 (Call 03/15/31)		1,425		1,184,703
4.75%, 07/15/27 (Call 04/01/24)(a)		1,375		1,348,525
5.25%, 04/01/25 (Call 01/01/25)		705		702,485
Weibo Corp., 3.38%, 07/08/30 (Call 04/08/30)(a)		1,310		1,123,443
				174,101,309
Iron & Steel — 0.3%
ArcelorMittal SA
4.25%, 07/16/29		1,032		978,253
4.55%, 03/11/26(a)		710		699,457
6.55%, 11/29/27 (Call 10/29/27)(a)		1,625		1,692,424
6.75%, 03/01/41		741		761,971
6.80%, 11/29/32 (Call 08/29/32)(a)		1,270		1,342,569
7.00%, 10/15/39(a)		899		959,467
Gerdau Trade Inc., 4.88%, 10/24/27(b)		115		112,007
GUSAP III LP, 4.25%, 01/21/30 (Call 07/21/29)(b)		695		649,537
Nucor Corp.
2.00%, 06/01/25 (Call 05/01/25)		790		757,965
2.70%, 06/01/30 (Call 03/01/30)(a)		844		744,501
2.98%, 12/15/55 (Call 06/15/55)(a)		877		565,918
3.13%, 04/01/32 (Call 01/01/32)(a)		950		830,742
3.85%, 04/01/52 (Call 09/01/51)(a)		940		738,531
3.95%, 05/23/25		580		570,913
3.95%, 05/01/28 (Call 02/01/28)(a)		995		962,386
4.30%, 05/23/27 (Call 04/23/27)		815		796,813
4.40%, 05/01/48 (Call 11/01/47)(a)		330		289,783
5.20%, 08/01/43 (Call 02/01/43)(a)		75		72,999
6.40%, 12/01/37(a)		875		957,930
POSCO
4.50%, 08/04/27(b)		50		48,517
4.88%, 01/23/27(b)		110		108,498
5.75%, 01/17/28(b)		200		202,291
Reliance Inc.
1.30%, 08/15/25 (Call 07/15/25)		780		732,150
2.15%, 08/15/30 (Call 05/15/30)		1,069		886,966
6.85%, 11/15/36		410		446,127
Steel Dynamics Inc.
1.65%, 10/15/27 (Call 08/15/27)(a)		252		223,571
2.40%, 06/15/25 (Call 05/15/25)		832		799,310
3.25%, 01/15/31 (Call 10/15/30)		820		726,912
3.25%, 10/15/50 (Call 04/15/50)(a)		801		525,762

98 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Iron & Steel (continued)
3.45%, 04/15/30 (Call 01/15/30)	$	840	$	763,577
5.00%, 12/15/26 (Call 04/01/24)		1,131		1,122,181
Vale Overseas Ltd.
3.75%, 07/08/30 (Call 04/08/30)(a)		1,830		1,646,465
6.13%, 06/12/33 (Call 03/12/33)		795		804,659
6.25%, 08/10/26(a)		299		303,062
6.88%, 11/21/36		1,726		1,842,451
6.88%, 11/10/39(a)		1,140		1,220,711
8.25%, 01/17/34(a)		335		392,551
Vale SA, 5.63%, 09/11/42(a)		562		549,165
				27,829,092
Leisure Time — 0.0%
Brunswick Corp.
2.40%, 08/18/31 (Call 05/18/31)		865		681,017
4.40%, 09/15/32 (Call 06/15/32)(a)		672		598,929
5.10%, 04/01/52 (Call 10/01/51)(a)		599		473,156
Harley-Davidson Financial Services Inc.
3.05%, 02/14/27 (Call 01/14/27)(a)(b)		920		862,096
3.35%, 06/08/25 (Call 05/08/25)(a)(b)		967		933,597
6.50%, 03/10/28 (Call 02/10/28)(a)(b)		775		794,684
Harley-Davidson Inc.
3.50%, 07/28/25 (Call 04/28/25)(a)		299		290,479
4.63%, 07/28/45 (Call 01/28/45)(a)		503		399,462
Polaris Inc., 6.95%, 03/15/29 (Call 02/15/29)(a)		120		126,459
				5,159,879
Lodging — 0.2%
Choice Hotels International Inc.
3.70%, 12/01/29 (Call 09/01/29)		673		589,617
3.70%, 01/15/31 (Call 10/15/30)(a)		882		757,693
Hyatt Hotels Corp.
4.38%, 09/15/28 (Call 06/15/28)		826		793,892
4.85%, 03/15/26 (Call 12/15/25)		1,052		1,039,828
5.38%, 04/23/25 (Call 03/23/25)		877		875,254
5.75%, 01/30/27 (Call 12/30/26)		590		597,480
5.75%, 04/23/30 (Call 01/23/30)		820		835,609
Las Vegas Sands Corp.
3.50%, 08/18/26 (Call 06/18/26)(a)		20		18,805
3.90%, 08/08/29 (Call 05/08/29)		20		18,088
Marriott International Inc./MD
3.75%, 03/15/25 (Call 12/15/24)		505		495,507
3.75%, 10/01/25 (Call 07/01/25)		124		120,901
4.50%, 10/01/34 (Call 04/01/34)(a)		490		452,348
4.88%, 05/15/29 (Call 04/15/29)		250		246,663
4.90%, 04/15/29 (Call 03/15/29)(a)		372		367,498
5.00%, 10/15/27 (Call 09/15/27)		1,140		1,135,291
5.30%, 05/15/34 (Call 02/15/34)		290		285,388
5.45%, 09/15/26 (Call 08/15/26)		295		296,310
5.55%, 10/15/28 (Call 09/15/28)		950		966,647
Series AA, 4.65%, 12/01/28 (Call 09/01/28)(a)		725		710,020
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		914		917,298
Series FF, 4.63%, 06/15/30 (Call 03/15/30)(a)		1,492		1,445,075
Series GG, 3.50%, 10/15/32 (Call 07/15/32)		1,520		1,327,352
Series HH, 2.85%, 04/15/31 (Call 01/15/31)		1,737		1,482,989
Series II, 2.75%, 10/15/33 (Call 07/15/33)(a)		435		350,323
Series R, 3.13%, 06/15/26 (Call 03/15/26)		1,506		1,437,865
Series X, 4.00%, 04/15/28 (Call 01/15/28)		827		792,322
Sands China Ltd.
2.55%, 03/08/27 (Call 02/08/27)		330		297,207
3.10%, 03/08/29 (Call 01/08/29)		692		597,192

Security	Par (000)		Value
Lodging (continued)
3.25%, 08/08/31 (Call 05/08/31)	$	975	$	812,257
4.05%, 01/08/26 (Call 12/08/25)		528		506,301
4.63%, 06/18/30 (Call 03/18/30)		795		725,849
5.13%, 08/08/25 (Call 06/08/25)		550		542,083
5.40%, 08/08/28 (Call 05/08/28)		2,335		2,278,400
				24,115,352
Machinery — 0.8%
ABB Finance USA Inc.
3.80%, 04/03/28 (Call 01/03/28)		466		452,792
4.38%, 05/08/42(a)		625		562,094
Caterpillar Financial Services Corp.
0.80%, 11/13/25		720		671,168
0.90%, 03/02/26		1,124		1,038,054
1.10%, 09/14/27		1,532		1,350,513
1.15%, 09/14/26(a)		530		483,154
1.45%, 05/15/25		672		642,580
1.70%, 01/08/27		1,311		1,206,317
2.40%, 08/09/26(a)		1,030		970,980
3.40%, 05/13/25		620		606,926
3.60%, 08/12/27		594		572,031
3.65%, 08/12/25		966		946,602
4.35%, 05/15/26		1,372		1,355,979
4.50%, 01/08/27		450		447,015
4.80%, 01/06/26(a)		861		858,587
4.85%, 02/27/29		625		625,718
5.05%, 02/27/26		750		750,427
5.15%, 08/11/25		500		500,018
5.40%, 03/10/25		150		150,339
Caterpillar Inc.
1.90%, 03/12/31 (Call 12/12/30)(a)		872		732,084
2.60%, 09/19/29 (Call 06/19/29)(a)		730		657,591
2.60%, 04/09/30 (Call 01/09/30)		1,422		1,264,453
3.25%, 09/19/49 (Call 03/19/49)		1,439		1,058,428
3.25%, 04/09/50 (Call 10/09/49)(a)		1,539		1,140,436
3.80%, 08/15/42		2,087		1,741,630
4.30%, 05/15/44 (Call 11/15/43)(a)		394		354,957
4.75%, 05/15/64 (Call 11/15/63)		565		513,619
5.20%, 05/27/41		1,231		1,240,442
5.30%, 09/15/35		535		557,482
6.05%, 08/15/36		440		482,793
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		665		608,271
1.88%, 01/15/26 (Call 12/15/25)(a)		772		723,472
3.95%, 05/23/25		860		843,951
4.55%, 04/10/28 (Call 03/10/28)(a)		915		895,902
5.45%, 10/14/25		430		430,474
5.50%, 01/12/29 (Call 12/12/28)		600		608,183
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)		867		831,909
Deere & Co.
2.75%, 04/15/25 (Call 03/15/25)		1,119		1,090,033
2.88%, 09/07/49 (Call 03/07/49)		1,129		788,607
3.10%, 04/15/30 (Call 01/15/30)		1,146		1,041,366
3.75%, 04/15/50 (Call 10/15/49)		1,324		1,087,639
3.90%, 06/09/42 (Call 12/09/41)		1,125		961,840
5.38%, 10/16/29		953		984,328
7.13%, 03/03/31(a)		612		697,843
8.10%, 05/15/30		120		140,556
Dover Corp.
2.95%, 11/04/29 (Call 08/04/29)		703		625,612
3.15%, 11/15/25 (Call 08/15/25)		585		563,640

S C H E D U L E  O F  I N V E S T M E N T S 99

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
5.38%, 10/15/35(a)	$	538	$	542,554
5.38%, 03/01/41 (Call 12/01/40)(a)		407		398,003
6.60%, 03/15/38		335		364,587
Flowserve Corp.
2.80%, 01/15/32 (Call 10/15/31)		825		674,943
3.50%, 10/01/30 (Call 07/01/30)		790		694,498
IDEX Corp.
2.63%, 06/15/31 (Call 03/15/31)(a)		845		712,392
3.00%, 05/01/30 (Call 02/01/30)		905		789,913
John Deere Capital Corp.
0.70%, 01/15/26		1,037		959,857
1.05%, 06/17/26(a)		953		873,753
1.30%, 10/13/26		617		563,241
1.45%, 01/15/31		1,035		836,197
1.50%, 03/06/28(a)		817		720,641
1.70%, 01/11/27(a)		617		565,221
1.75%, 03/09/27		918		840,088
2.00%, 06/17/31(a)		1,010		836,539
2.13%, 03/07/25(a)		260		252,166
2.25%, 09/14/26		633		592,664
2.35%, 03/08/27(a)		735		685,599
2.45%, 01/09/30		1,046		918,183
2.65%, 06/10/26		1,005		957,494
2.80%, 09/08/27		488		456,981
2.80%, 07/18/29(a)		1,262		1,148,150
3.05%, 01/06/28		550		519,259
3.35%, 04/18/29		700		657,612
3.40%, 06/06/25		750		734,286
3.40%, 09/11/25		350		341,704
3.45%, 03/13/25		1,410		1,384,490
3.45%, 03/07/29		713		673,391
3.90%, 06/07/32(a)		790		735,882
4.05%, 09/08/25		707		697,143
4.15%, 09/15/27(a)		865		848,256
4.35%, 09/15/32(a)		780		755,627
4.50%, 01/08/27		840		833,514
4.50%, 01/16/29		705		694,263
4.70%, 06/10/30		885		877,946
4.75%, 06/08/26		875		872,372
4.75%, 01/20/28		1,410		1,408,473
4.80%, 01/09/26(a)		1,274		1,270,795
4.85%, 10/11/29(a)		535		538,225
4.90%, 03/03/28(a)		1,005		1,010,687
4.95%, 06/06/25		370		369,520
4.95%, 07/14/28		920		925,155
5.05%, 03/03/26(a)		995		997,570
Komatsu Finance America Inc., 5.50%, 10/06/27 (Call 09/06/27)(b)		325		328,757
nVent Finance Sarl
2.75%, 11/15/31 (Call 08/15/31)(a)		491		401,148
4.55%, 04/15/28 (Call 01/15/28)(a)		703		678,633
5.65%, 05/15/33 (Call 02/15/33)		545		545,003
Oshkosh Corp.
3.10%, 03/01/30 (Call 12/01/29)		480		424,426
4.60%, 05/15/28 (Call 02/15/28)(a)		725		706,171
Otis Worldwide Corp.
2.06%, 04/05/25 (Call 03/05/25)		1,415		1,363,566
2.29%, 04/05/27 (Call 02/05/27)		690		638,433
2.57%, 02/15/30 (Call 11/15/29)		2,174		1,895,913
3.11%, 02/15/40 (Call 08/15/39)(a)		1,116		851,745
3.36%, 02/15/50 (Call 08/15/49)		1,122		814,490

Security	Par (000)		Value
Machinery (continued)
5.25%, 08/16/28 (Call 07/16/28)	$	665	$	670,075
Rockwell Automation Inc.
1.75%, 08/15/31 (Call 05/15/31)		740		594,586
2.80%, 08/15/61 (Call 02/15/61)		745		442,032
2.88%, 03/01/25 (Call 12/01/24)		550		537,359
3.50%, 03/01/29 (Call 12/01/28)		268		255,184
4.20%, 03/01/49 (Call 09/01/48)(a)		487		414,719
6.25%, 12/01/37(a)		272		292,195
6.70%, 01/15/28(a)		394		414,350
Weir Group PLC (The), 2.20%, 05/13/26 (Call 04/13/26)(b)		445		412,194
Westinghouse Air Brake Technologies Corp.
3.20%, 06/15/25 (Call 05/15/25)		742		719,559
3.45%, 11/15/26 (Call 08/15/26)		1,308		1,243,789
4.70%, 09/15/28 (Call 06/15/28)		1,774		1,730,532
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)(a)		1,063		950,535
2.25%, 01/30/31 (Call 10/30/30)		1,038		871,831
3.25%, 11/01/26 (Call 08/01/26)		861		822,221
4.38%, 11/01/46 (Call 05/01/46)(a)		530		443,732
				88,851,847
Machinery - Diversified — 0.0%
Ingersoll Rand Inc.
5.40%, 08/14/28 (Call 07/14/28)		690		695,560
5.70%, 08/14/33 (Call 05/14/33)		340		345,784
John Deere Capital Corp.
5.15%, 09/08/26		450		453,019
5.15%, 09/08/33(a)		455		462,803
5.30%, 09/08/25		425		426,863
Nordson Corp.
5.60%, 09/15/28 (Call 08/15/28)		255		259,239
5.80%, 09/15/33 (Call 06/15/33)(a)		335		345,782
Westinghouse Air Brake Technologies Corp.,
5.61%, 03/11/34 (Call 12/11/33)		130		130,540
				3,119,590
Manufacturing — 0.7%
3M Co.
2.25%, 09/19/26 (Call 06/19/26)(a)		1,108		1,032,339
2.38%, 08/26/29 (Call 05/26/29)		1,596		1,385,853
2.65%, 04/15/25 (Call 03/15/25)(a)		721		697,994
2.88%, 10/15/27 (Call 07/15/27)(a)		1,235		1,143,310
3.00%, 08/07/25(a)		737		713,621
3.05%, 04/15/30 (Call 01/15/30)(a)		1,133		1,003,789
3.13%, 09/19/46 (Call 03/19/46)(a)		758		524,656
3.25%, 08/26/49 (Call 02/26/49)(a)		1,445		999,007
3.38%, 03/01/29 (Call 12/01/28)(a)		1,272		1,174,430
3.63%, 09/14/28 (Call 06/14/28)(a)		824		777,474
3.63%, 10/15/47 (Call 04/15/47)		503		364,826
3.70%, 04/15/50 (Call 10/15/49)		777		573,571
3.88%, 06/15/44(a)		180		141,532
4.00%, 09/14/48 (Call 03/14/48)(a)		1,600		1,293,712
5.70%, 03/15/37(a)		770		802,270
Carlisle Companies Inc.
2.20%, 03/01/32 (Call 12/01/31)(a)		770		609,587
2.75%, 03/01/30 (Call 12/01/29)(a)		1,475		1,281,893
3.75%, 12/01/27 (Call 09/01/27)		1,050		998,183
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)		1,347		1,274,935
3.92%, 09/15/47 (Call 03/15/47)(a)		262		212,694
4.00%, 11/02/32		1,400		1,314,694

100 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Manufacturing (continued)
4.15%, 03/15/33 (Call 12/15/32)(a)	$	1,305	$	1,228,184
4.15%, 11/02/42		1,503		1,307,643
4.35%, 05/18/28 (Call 04/18/28)(a)		375		369,325
4.70%, 08/23/52 (Call 02/23/52)(a)		880		813,229
GE Capital Funding LLC
3.45%, 05/15/25 (Call 04/15/25)		435		424,851
4.55%, 05/15/32 (Call 02/15/32)		845		811,930
GE Capital International Funding Co.
Unlimited Co.
3.37%, 11/15/25(a)		435		421,256
4.42%, 11/15/35		1,510		1,415,042
General Electric Co.
4.35%, 05/01/50 (Call 11/01/49)		350		308,501
4.50%, 03/11/44(a)		375		339,286
5.88%, 01/14/38(a)		590		627,304
6.15%, 08/07/37(a)		610		644,323
6.75%, 03/15/32		460		510,782
6.88%, 01/10/39(a)		1,190		1,406,593
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)		1,501		1,426,677
3.90%, 09/01/42 (Call 03/01/42)		1,275		1,086,249
4.88%, 09/15/41 (Call 03/15/41)		505		484,860
Parker-Hannifin Corp.
3.25%, 03/01/27 (Call 12/01/26)		848		806,340
3.25%, 06/14/29 (Call 03/14/29)		1,461		1,343,426
4.00%, 06/14/49 (Call 12/14/48)		917		748,913
4.10%, 03/01/47 (Call 09/01/46)(a)		770		633,049
4.20%, 11/21/34 (Call 05/21/34)		719		662,501
4.25%, 09/15/27 (Call 08/15/27)		1,475		1,443,549
4.45%, 11/21/44 (Call 05/21/44)(a)		882		772,558
4.50%, 09/15/29 (Call 07/15/29)		1,364		1,334,097
6.25%, 05/15/38		230		246,263
Pentair Finance Sarl
4.50%, 07/01/29 (Call 04/01/29)		790		761,202
5.90%, 07/15/32 (Call 04/15/32)		499		511,893
Siemens Financieringsmaatschappij NV
1.20%, 03/11/26(b)		2,570		2,380,257
1.70%, 03/11/28(b)		1,858		1,653,036
2.15%, 03/11/31(b)		2,291		1,907,286
2.35%, 10/15/26(b)		2,035		1,904,304
2.88%, 03/11/41(a)(b)		2,210		1,655,304
3.25%, 05/27/25(a)(b)		1,400		1,369,489
3.30%, 09/15/46(b)		1,521		1,153,844
3.40%, 03/16/27(b)		1,650		1,582,288
4.20%, 03/16/47(a)(b)		1,704		1,494,760
4.40%, 05/27/45(b)		1,932		1,740,922
6.13%, 08/17/26(b)		2,585		2,651,959
Teledyne Technologies Inc.
1.60%, 04/01/26 (Call 03/01/26)		1,027		952,120
2.25%, 04/01/28 (Call 02/01/28)		840		752,658
2.75%, 04/01/31 (Call 01/01/31)		1,499		1,272,422
Textron Inc.
2.45%, 03/15/31 (Call 12/15/30)		772		644,667
3.00%, 06/01/30 (Call 03/01/30)		970		850,841
3.38%, 03/01/28 (Call 12/01/27)		597		559,284
3.65%, 03/15/27 (Call 12/15/26)		595		569,186
3.88%, 03/01/25 (Call 12/01/24)		475		467,557
3.90%, 09/17/29 (Call 06/17/29)		780		730,473
4.00%, 03/15/26 (Call 12/15/25)		977		950,620
6.10%, 11/15/33 (Call 08/15/33)(a)		415		433,148
				68,886,621

Security	Par (000)		Value
Media — 2.4%
Charter Communications
Operating LLC/Charter Communications
Operating Capital
2.25%, 01/15/29 (Call 11/15/28)	$	1,550	$	1,307,910
2.30%, 02/01/32 (Call 11/01/31)		1,455		1,105,416
2.80%, 04/01/31 (Call 01/01/31)		2,185		1,765,742
3.50%, 06/01/41 (Call 12/01/40)		2,005		1,327,298
3.50%, 03/01/42 (Call 09/01/41)		1,579		1,032,797
3.70%, 04/01/51 (Call 10/01/50)		2,694		1,635,380
3.75%, 02/15/28 (Call 11/15/27)		1,857		1,711,225
3.85%, 04/01/61 (Call 10/01/60)(a)		2,282		1,325,473
3.90%, 06/01/52 (Call 12/01/51)		3,180		1,999,262
3.95%, 06/30/62 (Call 12/30/61)		1,865		1,098,594
4.20%, 03/15/28 (Call 12/15/27)		1,603		1,502,595
4.40%, 04/01/33 (Call 01/01/33)(a)		1,385		1,210,815
4.40%, 12/01/61 (Call 06/01/61)		1,839		1,182,183
4.80%, 03/01/50 (Call 09/01/49)		3,674		2,658,584
4.91%, 07/23/25 (Call 04/23/25)		3,986		3,930,845
5.05%, 03/30/29 (Call 12/30/28)		2,034		1,946,064
5.13%, 07/01/49 (Call 01/01/49)		1,660		1,260,839
5.25%, 04/01/53 (Call 10/01/52)(a)		2,000		1,552,765
5.38%, 04/01/38 (Call 10/01/37)		1,065		917,538
5.38%, 05/01/47 (Call 11/01/46)		3,186		2,515,955
5.50%, 04/01/63 (Call 10/01/62)		1,355		1,048,091
5.75%, 04/01/48 (Call 10/01/47)		3,195		2,659,739
6.15%, 11/10/26 (Call 10/10/26)(a)		1,460		1,472,761
6.38%, 10/23/35 (Call 04/23/35)		2,621		2,537,315
6.48%, 10/23/45 (Call 04/23/45)		4,522		4,131,103
6.65%, 02/01/34 (Call 11/01/33)(a)		1,365		1,369,687
6.83%, 10/23/55 (Call 04/23/55)		675		639,599
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)(a)		2,033		1,621,576
1.95%, 01/15/31 (Call 10/15/30)		2,192		1,800,837
2.35%, 01/15/27 (Call 10/15/26)		1,861		1,735,019
2.45%, 08/15/52 (Call 02/15/52)		1,893		1,084,819
2.65%, 02/01/30 (Call 11/01/29)		2,545		2,237,721
2.65%, 08/15/62 (Call 02/15/62)		1,543		862,961
2.80%, 01/15/51 (Call 07/15/50)		2,293		1,433,422
2.89%, 11/01/51 (Call 05/01/51)		6,435		4,074,324
2.94%, 11/01/56 (Call 05/01/56)(a)		7,532		4,634,678
2.99%, 11/01/63 (Call 05/01/63)(a)		5,126		3,079,628
3.15%, 03/01/26 (Call 12/01/25)		2,206		2,128,952
3.15%, 02/15/28 (Call 11/15/27)		2,198		2,061,308
3.20%, 07/15/36 (Call 01/15/36)		1,442		1,164,543
3.25%, 11/01/39 (Call 05/01/39)		2,078		1,593,615
3.30%, 02/01/27 (Call 11/01/26)		1,682		1,611,534
3.30%, 04/01/27 (Call 02/01/27)		1,426		1,360,069
3.38%, 08/15/25 (Call 05/15/25)		2,159		2,108,507
3.40%, 04/01/30 (Call 01/01/30)		2,062		1,886,857
3.40%, 07/15/46 (Call 01/15/46)		1,856		1,361,040
3.45%, 02/01/50 (Call 08/01/49)		2,288		1,642,917
3.55%, 05/01/28 (Call 02/01/28)		836		793,650
3.75%, 04/01/40 (Call 10/01/39)		1,959		1,603,410
3.90%, 03/01/38 (Call 09/01/37)		987		846,435
3.95%, 10/15/25 (Call 08/15/25)		3,478		3,417,349
3.97%, 11/01/47 (Call 05/01/47)		2,756		2,183,251
4.00%, 08/15/47 (Call 02/15/47)		1,132		907,049
4.00%, 03/01/48 (Call 09/01/47)		1,104		875,249
4.00%, 11/01/49 (Call 05/01/49)		2,376		1,888,683
4.05%, 11/01/52 (Call 05/01/52)		1,556		1,228,235
4.15%, 10/15/28 (Call 07/15/28)		6,259		6,071,822

S C H E D U L E  O F  I N V E S T M E N T S 101

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
4.20%, 08/15/34 (Call 02/15/34)	$	1,221	$	1,122,644
4.25%, 10/15/30 (Call 07/15/30)		1,931		1,847,405
4.25%, 01/15/33		2,264		2,119,987
4.40%, 08/15/35 (Call 02/15/35)		971		902,165
4.55%, 01/15/29 (Call 12/15/28)		1,395		1,372,479
4.60%, 10/15/38 (Call 04/15/38)		1,165		1,072,505
4.60%, 08/15/45 (Call 02/15/45)		972		860,530
4.65%, 02/15/33 (Call 11/15/32)(a)		1,950		1,894,170
4.65%, 07/15/42		1,160		1,044,448
4.70%, 10/15/48 (Call 04/15/48)		2,087		1,883,494
4.75%, 03/01/44		501		455,615
4.80%, 05/15/33 (Call 02/15/33)(a)		520		508,103
4.95%, 10/15/58 (Call 04/15/58)(a)		1,265		1,171,078
5.25%, 11/07/25		600		602,694
5.35%, 11/15/27 (Call 10/15/27)		1,205		1,223,800
5.35%, 05/15/53 (Call 11/15/52)		1,930		1,880,828
5.50%, 11/15/32 (Call 08/15/32)		1,455		1,492,095
5.50%, 05/15/64 (Call 11/15/63)		1,605		1,574,065
5.65%, 06/15/35(a)		1,222		1,256,397
6.40%, 03/01/40		485		524,947
6.45%, 03/15/37		602		659,748
6.50%, 11/15/35		904		983,891
6.55%, 07/01/39(a)		685		751,306
6.95%, 08/15/37		810		917,862
7.05%, 03/15/33		1,264		1,419,829
Cox Communications Inc.
1.80%, 10/01/30 (Call 07/01/30)(b)		890		708,529
2.60%, 06/15/31 (Call 03/15/31)(b)		890		728,211
2.95%, 10/01/50 (Call 04/01/50)(b)		480		292,682
3.35%, 09/15/26 (Call 06/15/26)(b)		1,263		1,201,363
3.50%, 08/15/27 (Call 05/15/27)(b)		1,091		1,029,282
3.60%, 06/15/51 (Call 12/15/50)(a)(b)		595		412,561
4.50%, 06/30/43 (Call 12/30/42)(b)		840		686,677
4.60%, 08/15/47 (Call 02/15/47)(b)		375		300,954
4.70%, 12/15/42(b)		645		538,403
4.80%, 02/01/35 (Call 08/01/34)(a)(b)		1,061		975,254
5.45%, 09/15/28 (Call 08/15/28)(b)		783		789,238
5.70%, 06/15/33 (Call 03/15/33)(a)(b)		583		583,720
5.80%, 12/15/53 (Call 06/15/53)(a)(b)		625		608,475
8.38%, 03/01/39(b)		575		689,053
Discovery Communications LLC
3.45%, 03/15/25 (Call 12/15/24)		219		213,816
3.63%, 05/15/30 (Call 02/15/30)(a)		1,353		1,189,238
3.95%, 06/15/25 (Call 03/15/25)(a)		588		574,417
3.95%, 03/20/28 (Call 12/20/27)		2,290		2,143,943
4.00%, 09/15/55 (Call 03/15/55)		2,102		1,391,350
4.13%, 05/15/29 (Call 02/15/29)		1,136		1,052,317
4.65%, 05/15/50 (Call 11/15/49)		1,169		886,490
4.88%, 04/01/43(a)		843		678,663
4.90%, 03/11/26 (Call 12/11/25)		1,442		1,420,023
4.95%, 05/15/42(a)		840		661,834
5.00%, 09/20/37 (Call 03/20/37)(a)		1,015		869,403
5.20%, 09/20/47 (Call 03/20/47)		1,720		1,398,674
5.30%, 05/15/49 (Call 11/15/48)		1,048		857,259
6.35%, 06/01/40(a)		897		861,292
FactSet Research Systems Inc.
2.90%, 03/01/27 (Call 02/01/27)		899		837,779
3.45%, 03/01/32 (Call 12/01/31)(a)		940		817,302
Fox Corp.
3.05%, 04/07/25 (Call 03/07/25)		757		737,077
3.50%, 04/08/30 (Call 01/08/30)(a)		1,043		939,386

Security	Par (000)		Value
Media (continued)
4.71%, 01/25/29 (Call 10/25/28)	$	2,926	$	2,854,924
5.48%, 01/25/39 (Call 07/25/38)(a)		1,878		1,754,386
5.58%, 01/25/49 (Call 07/25/48)(a)		2,174		1,988,542
6.50%, 10/13/33 (Call 07/13/33)		1,580		1,659,460
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		440		368,084
5.25%, 05/24/49 (Call 11/24/48)		0		391
6.13%, 01/31/46 (Call 07/31/45)(a)		1,190		1,162,412
6.63%, 01/15/40(a)		852		878,972
8.50%, 03/11/32(a)		437		501,470
NBCUniversal Media LLC
4.45%, 01/15/43		1,150		1,006,158
5.95%, 04/01/41(a)		535		553,592
6.40%, 04/30/40		550		596,138
Paramount Global
2.90%, 01/15/27 (Call 10/15/26)		332		299,129
3.38%, 02/15/28 (Call 11/15/27)		613		540,253
3.70%, 06/01/28 (Call 03/01/28)		749		662,833
4.20%, 06/01/29 (Call 03/01/29)(a)		487		428,682
4.20%, 05/19/32 (Call 02/19/32)(a)		1,171		954,719
4.38%, 03/15/43		1,550		1,037,274
4.60%, 01/15/45 (Call 07/15/44)		772		529,936
4.85%, 07/01/42 (Call 01/01/42)		849		619,592
4.90%, 08/15/44 (Call 02/15/44)(a)		710		499,882
4.95%, 01/15/31 (Call 10/15/30)(a)		1,392		1,222,330
4.95%, 05/19/50 (Call 11/19/49)		1,313		934,201
5.25%, 04/01/44 (Call 10/01/43)(a)		426		316,843
5.50%, 05/15/33(a)		523		454,568
5.85%, 09/01/43 (Call 03/01/43)		1,575		1,273,887
5.90%, 10/15/40 (Call 04/15/40)(a)		478		388,595
6.88%, 04/30/36		1,269		1,164,255
7.88%, 07/30/30		855		873,094
Sky Group Finance Ltd., 6.50%, 10/15/35(a)(b)		726		787,952
TCI Communications Inc.
7.13%, 02/15/28		1,009		1,088,377
7.88%, 02/15/26		1,720		1,806,636
Thomson Reuters Corp.
3.35%, 05/15/26 (Call 02/15/26)		1,007		966,390
5.50%, 08/15/35(a)		765		777,107
5.65%, 11/23/43 (Call 05/23/43)		359		346,226
5.85%, 04/15/40(a)		825		840,097
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		1,238		1,373,918
Time Warner Cable LLC
4.50%, 09/15/42 (Call 03/15/42)		1,808		1,323,917
5.50%, 09/01/41 (Call 03/01/41)		1,781		1,468,236
5.88%, 11/15/40 (Call 05/15/40)		1,732		1,493,793
6.55%, 05/01/37		1,889		1,779,302
6.75%, 06/15/39		1,882		1,775,819
7.30%, 07/01/38		1,775		1,769,705
TWDC Enterprises 18 Corp.
1.85%, 07/30/26		1,552		1,443,151
2.95%, 06/15/27		1,357		1,287,051
3.00%, 02/13/26(a)		1,435		1,382,282
3.00%, 07/30/46		805		561,678
3.15%, 09/17/25		1,113		1,079,653
3.70%, 12/01/42(a)		935		757,844
4.13%, 06/01/44		1,200		1,028,030
4.38%, 08/16/41		579		509,610
Series B, 7.00%, 03/01/32(a)		958		1,082,642
Series E, 4.13%, 12/01/41		998		857,246

102 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
Walt Disney Co. (The)
1.75%, 01/13/26	$	2,059	$	1,942,103
2.00%, 09/01/29 (Call 06/01/29)		2,664		2,298,204
2.20%, 01/13/28(a)		1,464		1,334,806
2.65%, 01/13/31(a)		2,725		2,370,085
2.75%, 09/01/49 (Call 03/01/49)		2,790		1,800,516
3.35%, 03/24/25(a)		1,327		1,300,310
3.38%, 11/15/26 (Call 08/15/26)		862		829,529
3.50%, 05/13/40 (Call 11/13/39)		2,420		1,941,710
3.60%, 01/13/51 (Call 07/13/50)		3,470		2,635,709
3.70%, 10/15/25 (Call 07/15/25)		841		821,956
3.70%, 03/23/27		1,303		1,262,563
3.80%, 03/22/30(a)		1,535		1,449,459
3.80%, 05/13/60 (Call 11/13/59)		1,364		1,040,450
4.63%, 03/23/40 (Call 09/23/39)		1,128		1,060,518
4.70%, 03/23/50 (Call 09/23/49)(a)		2,120		1,940,559
4.75%, 09/15/44 (Call 03/15/44)		943		866,579
4.75%, 11/15/46 (Call 05/15/46)		717		648,525
4.95%, 10/15/45 (Call 04/15/45)		688		642,436
5.40%, 10/01/43(a)		604		608,632
6.15%, 03/01/37		415		449,540
6.15%, 02/15/41		842		908,799
6.20%, 12/15/34		1,380		1,507,202
6.40%, 12/15/35		1,339		1,476,657
6.55%, 03/15/33(a)		70		77,878
6.65%, 11/15/37		1,630		1,846,365
7.75%, 12/01/45		309		395,743
				249,329,882
Metal Fabricate & Hardware — 0.0%
Precision Castparts Corp.
3.25%, 06/15/25 (Call 03/15/25)(a)		1,133		1,106,621
3.90%, 01/15/43 (Call 07/15/42)(a)		220		182,638
4.20%, 06/15/35 (Call 12/15/34)(a)		385		345,417
4.38%, 06/15/45 (Call 12/15/44)		586		514,137
Timken Co. (The)
4.13%, 04/01/32 (Call 01/01/32)		615		559,954
4.50%, 12/15/28 (Call 09/15/28)(a)		705		684,423
Valmont Industries Inc.
5.00%, 10/01/44 (Call 04/01/44)		429		375,605
5.25%, 10/01/54 (Call 04/01/54)(a)		445		380,467
				4,149,262
Mining — 1.2%
Alcoa Nederland Holding BV
4.13%, 03/31/29 (Call 03/31/24)(a)(b)		1,095		1,002,650
5.50%, 12/15/27 (Call 04/02/24)(a)(b)		1,555		1,528,219
6.13%, 05/15/28 (Call 04/02/24)(a)(b)		825		825,151
Anglo American Capital PLC
2.25%, 03/17/28 (Call 01/17/28)(b)		976		860,276
2.63%, 09/10/30 (Call 06/10/30)(a)(b)		1,110		934,507
2.88%, 03/17/31 (Call 12/17/30)(a)(b)		783		657,618
3.88%, 03/16/29 (Call 01/16/29)(b)		905		840,749
3.95%, 09/10/50 (Call 03/10/50)(a)(b)		730		541,496
4.00%, 09/11/27(b)		1,109		1,056,635
4.50%, 03/15/28 (Call 12/15/27)(a)(b)		660		635,445
4.75%, 04/10/27(b)		985		963,819
4.75%, 03/16/52 (Call 09/16/51)(a)(b)		910		763,959
4.88%, 05/14/25(b)		663		655,752
5.50%, 05/02/33 (Call 02/02/33)(a)(b)		1,300		1,279,706
5.63%, 04/01/30 (Call 01/01/30)(a)(b)		1,365		1,369,656

Security	Par (000)		Value
Mining (continued)
AngloGold Ashanti Holdings PLC
3.38%, 11/01/28 (Call 09/01/28)(a)	$	770	$	689,671
3.75%, 10/01/30 (Call 07/01/30)(a)		752		652,277
Antofagasta PLC, 5.63%, 05/13/32 (Call 02/13/32)(b)		215		213,563
Barrick Gold Corp.
5.25%, 04/01/42		155		151,005
6.45%, 10/15/35		655		707,547
Barrick International Barbados Corp., 6.35%, 10/15/36(b)		1,100		1,164,110
Barrick North America Finance LLC
5.70%, 05/30/41		1,221		1,239,656
5.75%, 05/01/43		1,063		1,088,200
7.50%, 09/15/38(a)		312		358,655
Barrick PD Australia Finance Pty. Ltd., 5.95%, 10/15/39		1,050		1,075,110
BHP Billiton Finance USA Ltd.
4.13%, 02/24/42		1,654		1,425,151
4.75%, 02/28/28 (Call 01/28/28)		1,175		1,167,055
4.88%, 02/27/26(a)		1,125		1,120,155
4.90%, 02/28/33 (Call 11/28/32)		1,180		1,164,284
5.00%, 09/30/43		3,226		3,085,761
5.10%, 09/08/28 (Call 08/08/28)		1,490		1,499,070
5.25%, 09/08/26		1,607		1,616,945
5.25%, 09/08/30 (Call 07/08/30)		1,406		1,417,128
5.25%, 09/08/33 (Call 06/08/33)		2,060		2,069,165
5.50%, 09/08/53 (Call 03/08/53)(a)		800		818,423
6.42%, 03/01/26		437		447,698
Corp. Nacional del Cobre de Chile
3.00%, 09/30/29 (Call 06/30/29)(b)		884		772,897
3.15%, 01/14/30 (Call 10/14/29)(a)(b)		1,161		1,010,730
3.15%, 01/15/51 (Call 07/15/50)(b)		682		413,310
3.63%, 08/01/27 (Call 05/01/27)(b)		1,750		1,643,099
3.70%, 01/30/50 (Call 07/30/49)(b)		4,463		2,982,159
3.75%, 01/15/31 (Call 10/15/30)(b)		755		664,021
4.25%, 07/17/42(b)		760		583,832
4.38%, 02/05/49 (Call 08/05/48)(b)		1,710		1,301,242
4.50%, 09/16/25(a)(b)		862		844,228
4.50%, 08/01/47 (Call 02/01/47)(b)		1,570		1,207,189
4.88%, 11/04/44(a)(b)		1,057		864,516
5.13%, 02/02/33 (Call 11/02/32)(a)(b)		1,325		1,240,688
5.63%, 09/21/35(a)(b)		409		391,759
5.63%, 10/18/43(a)(b)		1,073		979,833
5.95%, 01/08/34 (Call 10/08/33)(a)(b)		1,392		1,373,661
6.15%, 10/24/36(b)		100		99,166
6.30%, 09/08/53 (Call 03/08/53)(b)		1,020		985,527
6.44%, 01/26/36 (Call 10/26/35)(b)		273		277,573
Freeport Indonesia PT
4.76%, 04/14/27 (Call 03/14/27)(b)		550		534,900
5.32%, 04/14/32 (Call 01/01/32)(b)		1,730		1,675,734
6.20%, 04/14/52 (Call 10/14/51)(a)(b)		1,330		1,271,708
Freeport-McMoRan Inc.
4.13%, 03/01/28 (Call 04/01/24)		785		744,808
4.25%, 03/01/30 (Call 03/01/25)		940		878,278
4.38%, 08/01/28 (Call 04/01/24)(a)		770		732,514
4.63%, 08/01/30 (Call 08/01/25)(a)		876		834,814
5.00%, 09/01/27 (Call 04/01/24)(a)		515		506,333
5.25%, 09/01/29 (Call 09/01/24)(a)		750		745,982
5.40%, 11/14/34 (Call 05/14/34)		1,105		1,074,939
5.45%, 03/15/43 (Call 09/15/42)		2,335		2,174,226

S C H E D U L E  O F  I N V E S T M E N T S 103

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mining (continued)
Fresnillo PLC, 4.25%, 10/02/50 (Call 04/02/50)(b)	$	714	$	527,102
Glencore Canada Corp., 6.20%, 06/15/35(a)		560		578,166
Glencore Finance Canada Ltd.
5.55%, 10/25/42(a)(b)		466		440,943
6.00%, 11/15/41(b)		890		884,767
6.90%, 11/15/37(b)		1,009		1,094,474
Glencore Funding LLC
1.63%, 09/01/25 (Call 08/01/25)(b)		1,310		1,237,378
1.63%, 04/27/26 (Call 03/27/26)(b)		1,312		1,213,389
2.50%, 09/01/30 (Call 06/01/30)(a)(b)		1,295		1,096,179
2.63%, 09/23/31 (Call 06/23/31)(b)		990		821,365
2.85%, 04/27/31 (Call 01/27/31)(b)		805		685,948
3.38%, 09/23/51 (Call 03/23/51)(a)(b)		555		380,851
3.88%, 10/27/27 (Call 07/27/27)(b)		660		627,719
3.88%, 04/27/51 (Call 10/27/50)(a)(b)		392		293,912
4.00%, 04/16/25(b)		800		786,089
4.00%, 03/27/27 (Call 12/27/26)(b)		1,392		1,339,352
4.88%, 03/12/29 (Call 12/12/28)(a)(b)		1,134		1,118,322
5.40%, 05/08/28 (Call 04/08/28)(b)		940		945,143
5.70%, 05/08/33 (Call 02/08/33)(b)		795		804,171
6.13%, 10/06/28 (Call 09/06/28)(b)		1,030		1,063,124
6.38%, 10/06/30 (Call 08/06/30)(b)		610		640,951
6.50%, 10/06/33 (Call 07/06/33)(a)(b)		675		720,147
Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/29 (Call 02/15/29)(b)		110		111,371
Indonesia Asahan Aluminium PT/Mineral
Industri Indonesia Persero PT
4.75%, 05/15/25 (Call 04/15/25)(b)		1,763		1,740,174
5.45%, 05/15/30 (Call 02/15/30)(a)(b)		1,290		1,260,678
5.80%, 05/15/50 (Call 11/15/49)(b)		445		409,455
6.53%, 11/15/28(a)(b)		530		545,932
6.76%, 11/15/48(a)(b)		550		569,308
Industrias Penoles SAB de CV
4.15%, 09/12/29 (Call 06/12/29)(b)		590		545,374
4.75%, 08/06/50 (Call 02/06/50)(b)		471		363,471
5.65%, 09/12/49 (Call 03/12/49)(b)		390		342,607
Kinross Gold Corp.
4.50%, 07/15/27 (Call 04/15/27)		1,075		1,044,749
6.25%, 07/15/33 (Call 04/15/33)(b)		950		969,622
6.88%, 09/01/41 (Call 03/01/41)		485		509,884
Minera Mexico SA de CV, 4.50%, 01/26/50 (Call 07/26/49)(b)		1,360		1,048,027
Newcastle Coal Infrastructure Group Pty. Ltd.
4.40%, 09/29/27 (Call 06/29/27)(a)(b)		499		468,578
4.70%, 05/12/31 (Call 02/12/31)(a)(b)		881		789,482
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		1,402		1,172,418
2.60%, 07/15/32 (Call 04/15/32)(a)		1,585		1,304,468
2.80%, 10/01/29 (Call 07/01/29)(a)		1,141		1,013,557
4.88%, 03/15/42 (Call 09/15/41)(a)		1,330		1,225,185
5.45%, 06/09/44 (Call 12/09/43)		489		477,671
5.88%, 04/01/35(a)		792		815,606
6.25%, 10/01/39		1,165		1,234,217
Newmont Corp./Newcrest Finance Pty Ltd.
3.25%, 05/13/30 (Call 02/13/30)(b)		1,091		975,772
4.20%, 05/13/50 (Call 11/13/49)		625		514,391
5.75%, 11/15/41 (Call 08/15/41)(a)		695		705,485
Northern Star Resources Ltd., 6.13%, 04/11/33 (Call 01/11/33)(a)(b)		860		859,770

Security	Par (000)		Value
Mining (continued)
Rio Tinto Alcan Inc.
5.75%, 06/01/35(a)	$	557	$	577,363
6.13%, 12/15/33		1,339		1,423,794
7.25%, 03/15/31		325		363,099
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51 (Call 05/02/51)		1,415		897,692
5.20%, 11/02/40(a)		1,716		1,689,427
7.13%, 07/15/28		1,340		1,459,574
Rio Tinto Finance USA PLC
4.13%, 08/21/42 (Call 02/21/42)		1,191		1,022,652
4.75%, 03/22/42 (Call 09/22/41)(a)		969		908,151
5.00%, 03/09/33 (Call 12/09/32)(a)		1,065		1,063,902
5.13%, 03/09/53 (Call 09/09/52)		620		595,875
South32 Treasury Ltd., 4.35%, 04/14/32 (Call 01/14/32)(a)(b)		1,130		1,011,325
Southern Copper Corp.
3.88%, 04/23/25		586		574,245
5.25%, 11/08/42		1,872		1,760,038
5.88%, 04/23/45		1,523		1,514,398
6.75%, 04/16/40		1,775		1,950,354
7.50%, 07/27/35		1,169		1,346,274
Vale Canada Ltd., 7.20%, 09/15/32(a)		60		64,650
Yamana Gold Inc.
2.63%, 08/15/31 (Call 05/15/31)(a)		1,030		851,052
4.63%, 12/15/27 (Call 09/15/27)		406		389,146
				123,675,688
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp.
2.67%, 12/01/26 (Call 11/01/26)		1,455		1,347,606
3.25%, 02/15/29 (Call 04/01/24)		1,170		1,043,225
3.28%, 12/01/28 (Call 10/01/28)		985		881,161
3.57%, 12/01/31 (Call 09/01/31)		1,075		933,003
4.13%, 05/01/25 (Call 04/01/24)		925		905,899
4.25%, 04/01/28 (Call 04/01/24)(a)		980		932,039
				6,042,933
Oil & Gas — 4.1%
Aker BP ASA
2.00%, 07/15/26 (Call 06/15/26)(b)		1,420		1,307,885
3.10%, 07/15/31 (Call 04/15/31)(b)		1,555		1,313,372
3.75%, 01/15/30 (Call 10/15/29)(b)		1,369		1,240,690
4.00%, 01/15/31 (Call 10/15/30)(b)		1,080		975,748
5.60%, 06/13/28 (Call 05/13/28)(b)		660		666,175
6.00%, 06/13/33 (Call 03/13/33)(b)		960		976,152
Apache Corp.
4.25%, 01/15/30 (Call 10/15/29)(a)		370		339,775
4.38%, 10/15/28 (Call 07/15/28)(a)		250		234,570
4.75%, 04/15/43 (Call 10/15/42)(a)		890		683,364
5.10%, 09/01/40 (Call 03/01/40)(a)		1,505		1,259,279
5.25%, 02/01/42 (Call 08/01/41)(a)		440		362,560
5.35%, 07/01/49 (Call 01/01/49)		740		599,918
6.00%, 01/15/37(a)		780		758,090
BG Energy Capital PLC, 5.13%, 10/15/41(b)		1,590		1,480,376
BP Capital Markets America Inc.
1.75%, 08/10/30 (Call 05/10/30)		1,527		1,258,284
2.72%, 01/12/32 (Call 10/12/31)(a)		2,540		2,155,258
2.77%, 11/10/50 (Call 05/10/50)		1,635		1,040,244
2.94%, 06/04/51 (Call 12/04/50)(a)		3,250		2,128,351
3.00%, 02/24/50 (Call 08/24/49)		2,711		1,808,733
3.00%, 03/17/52 (Call 09/17/51)(a)		1,733		1,149,962
3.02%, 01/16/27 (Call 10/16/26)(a)		1,360		1,292,126

104 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
3.06%, 06/17/41 (Call 12/17/40)	$	2,188	$	1,627,493
3.07%, 03/30/50 (Call 09/30/49)		100		91,745
3.12%, 05/04/26 (Call 02/04/26)		1,576		1,514,614
3.38%, 02/08/61 (Call 08/08/60)		2,638		1,776,635
3.41%, 02/11/26 (Call 12/11/25)		1,417		1,374,095
3.54%, 04/06/27 (Call 02/06/27)		997		957,244
3.59%, 04/14/27 (Call 01/14/27)		1,094		1,051,824
3.63%, 04/06/30 (Call 01/06/30)		1,637		1,526,692
3.80%, 09/21/25 (Call 07/21/25)		1,410		1,382,973
3.94%, 09/21/28 (Call 06/21/28)		1,481		1,423,222
4.23%, 11/06/28 (Call 08/06/28)		2,770		2,692,640
4.70%, 04/10/29 (Call 03/10/29)(a)		1,550		1,531,271
4.81%, 02/13/33 (Call 11/13/32)		2,995		2,921,880
4.89%, 09/11/33 (Call 06/11/33)		2,015		1,976,176
4.99%, 04/10/34 (Call 01/10/34)		1,355		1,332,999
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)		2,153		2,038,323
3.72%, 11/28/28 (Call 08/28/28)(a)		1,186		1,126,368
4.38%, (Call 06/22/25), (5-year CMT + 4.036%)(a)(d)(e)		555		546,879
4.88%, (Call 03/22/30), (5-year CMT + 4.398%)(a)(d)(e)		1,590		1,500,561
Burlington Resources LLC
5.95%, 10/15/36(a)		770		810,494
7.20%, 08/15/31		67		75,475
7.40%, 12/01/31		650		743,722
Canadian Natural Resources Ltd.
2.05%, 07/15/25 (Call 06/15/25)		847		808,257
2.95%, 07/15/30 (Call 04/15/30)		964		837,469
3.85%, 06/01/27 (Call 03/01/27)		1,563		1,498,033
4.95%, 06/01/47 (Call 12/01/46)(a)		937		817,663
5.85%, 02/01/35(a)		667		666,270
6.25%, 03/15/38		1,492		1,533,469
6.45%, 06/30/33		680		717,791
6.50%, 02/15/37		665		692,495
6.75%, 02/01/39(a)		553		588,994
7.20%, 01/15/32		520		566,312
Cenovus Energy Inc.
2.65%, 01/15/32 (Call 10/15/31)		928		758,667
3.75%, 02/15/52 (Call 08/15/51)(a)		1,237		883,594
4.25%, 04/15/27 (Call 01/15/27)		261		252,819
5.25%, 06/15/37 (Call 12/15/36)(a)		231		214,305
5.40%, 06/15/47 (Call 12/15/46)		863		790,608
6.75%, 11/15/39(a)		432		468,183
Chevron Corp.
1.55%, 05/11/25 (Call 04/11/25)		2,705		2,595,479
2.00%, 05/11/27 (Call 03/11/27)		1,481		1,362,417
2.24%, 05/11/30 (Call 02/11/30)		2,163		1,870,950
2.95%, 05/16/26 (Call 02/16/26)		2,990		2,872,324
2.98%, 05/11/40 (Call 11/11/39)(a)		360		270,990
3.08%, 05/11/50 (Call 11/11/49)(a)		1,626		1,146,481
3.33%, 11/17/25 (Call 08/17/25)		1,205		1,175,751
Chevron USA Inc.
0.69%, 08/12/25 (Call 07/12/25)		1,215		1,142,566
1.02%, 08/12/27 (Call 06/12/27)		1,263		1,116,719
2.34%, 08/12/50 (Call 02/12/50)(a)		1,254		750,389
3.25%, 10/15/29 (Call 07/15/29)		1,109		1,033,095
3.85%, 01/15/28 (Call 10/15/27)		794		772,666
5.25%, 11/15/43 (Call 05/15/43)		405		408,431
6.00%, 03/01/41 (Call 09/01/40)		120		130,647

Security	Par (000)		Value
Oil & Gas (continued)
CNOOC Finance 2003 Ltd., 5.50%, 05/21/33(a)(b)	$	325	$	332,573
CNOOC Finance 2011 Ltd., 5.75%, 01/26/41(a)(b)		1,000		1,056,550
CNOOC Finance 2012 Ltd., 5.00%, 05/02/42(a)(b)		1,025		997,622
CNOOC Finance 2013 Ltd.
2.88%, 09/30/29 (Call 06/30/29)		485		439,250
3.30%, 09/30/49 (Call 03/30/49)		500		364,085
4.25%, 05/09/43		200		176,234
CNOOC Finance 2014 ULC, 4.88%, 04/30/44		385		367,656
CNOOC Finance 2015 Australia Pty. Ltd.,
4.20%, 05/05/45		330		288,317
CNOOC Finance 2015 USA LLC
3.50%, 05/05/25		350		342,713
4.38%, 05/02/28		655		640,282
CNOOC Petroleum North America ULC
5.88%, 03/10/35		649		681,110
6.40%, 05/15/37(a)		1,149		1,267,884
7.50%, 07/30/39(a)		675		819,727
7.88%, 03/15/32		489		578,599
Conoco Funding Co., 7.25%, 10/15/31(a)		730		827,741
ConocoPhillips Co.
2.40%, 03/07/25 (Call 03/11/24)		111		107,835
3.76%, 03/15/42 (Call 09/15/41)		1,454		1,182,684
3.80%, 03/15/52 (Call 09/15/51)		1,877		1,438,850
4.03%, 03/15/62 (Call 09/15/61)		2,490		1,937,119
4.30%, 11/15/44 (Call 05/15/44)		1,342		1,153,918
4.88%, 10/01/47 (Call 04/01/47)		420		389,810
5.05%, 09/15/33 (Call 06/15/33)(a)		455		453,590
5.30%, 05/15/53 (Call 11/15/52)		1,045		1,022,808
5.55%, 03/15/54 (Call 09/15/53)		960		971,243
5.70%, 09/15/63 (Call 03/15/63)		905		924,439
5.90%, 10/15/32		739		789,958
5.90%, 05/15/38		325		340,464
5.95%, 03/15/46 (Call 09/15/45)		155		161,259
6.50%, 02/01/39		1,555		1,748,200
6.95%, 04/15/29		1,505		1,649,362
Continental Resources Inc./OK
2.27%, 11/15/26 (Call 04/01/24)(b)		1,483		1,360,983
2.88%, 04/01/32 (Call 01/01/32)(a)(b)		1,155		927,362
4.38%, 01/15/28 (Call 10/15/27)		1,368		1,315,148
4.90%, 06/01/44 (Call 12/01/43)(a)		1,106		897,162
5.75%, 01/15/31 (Call 07/15/30)(b)		1,625		1,592,963
Coterra Energy Inc.
3.90%, 05/15/27 (Call 02/15/27)		1,275		1,226,174
4.38%, 03/15/29 (Call 12/15/28)(a)		877		844,963
5.60%, 03/15/34 (Call 12/15/33)		625		624,339
Devon Energy Corp.
4.50%, 01/15/30 (Call 01/15/25)(a)		1,099		1,048,837
4.75%, 05/15/42 (Call 11/15/41)		1,342		1,135,569
5.00%, 06/15/45 (Call 12/15/44)(a)		555		480,311
5.25%, 10/15/27 (Call 03/11/24)		963		960,900
5.60%, 07/15/41 (Call 01/15/41)		2,075		1,952,921
5.85%, 12/15/25 (Call 09/15/25)		929		934,377
5.88%, 06/15/28 (Call 03/11/24)(a)		780		784,706
7.88%, 09/30/31		324		368,050
7.95%, 04/15/32		645		735,724
Diamondback Energy Inc.
3.13%, 03/24/31 (Call 12/24/30)		1,151		1,009,123
3.25%, 12/01/26 (Call 10/01/26)(a)		1,322		1,263,639

S C H E D U L E  O F  I N V E S T M E N T S 105

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
3.50%, 12/01/29 (Call 09/01/29)	$	1,537	$	1,411,005
4.25%, 03/15/52 (Call 09/15/51)		1,203		951,392
4.40%, 03/24/51 (Call 09/24/50)(a)		975		787,413
6.25%, 03/15/33 (Call 12/15/32)		1,480		1,555,948
6.25%, 03/15/53 (Call 09/15/52)(a)		920		972,851
Empresa Nacional del Petroleo
3.45%, 09/16/31 (Call 06/16/31)(b)		225		188,811
3.75%, 08/05/26 (Call 05/05/26)(b)		1,555		1,473,326
4.50%, 09/14/47 (Call 03/14/47)(b)		896		654,686
5.25%, 11/06/29 (Call 08/06/29)(a)(b)		435		420,215
6.15%, 05/10/33 (Call 02/10/33)(b)		1,050		1,045,623
Eni SpA
4.25%, 05/09/29 (Call 02/09/29)(a)(b)		1,690		1,630,740
5.70%, 10/01/40(b)		640		599,672
Series X-R, 4.75%, 09/12/28(b)		1,790		1,771,189
Eni USA Inc., 7.30%, 11/15/27(a)		820		871,490
EOG Resources Inc.
3.15%, 04/01/25 (Call 01/01/25)		805		787,000
3.90%, 04/01/35 (Call 10/01/34)		1,031		926,601
4.15%, 01/15/26 (Call 10/15/25)(a)		1,521		1,497,759
4.38%, 04/15/30 (Call 01/15/30)		1,388		1,347,161
4.95%, 04/15/50 (Call 10/15/49)(a)		1,425		1,327,860
5.10%, 01/15/36 (Call 07/15/35)		105		102,346
EQT Corp.
3.13%, 05/15/26 (Call 04/01/24)(b)		1,054		996,768
3.63%, 05/15/31 (Call 05/15/30)(a)(b)		795		694,911
3.90%, 10/01/27 (Call 07/01/27)		1,335		1,262,924
5.00%, 01/15/29 (Call 07/15/28)		593		577,930
5.70%, 04/01/28 (Call 03/01/28)		881		887,292
5.75%, 02/01/34 (Call 11/01/33)(a)		650		639,347
7.00%, 02/01/30 (Call 11/01/29)(a)		675		714,716
Equinor ASA
1.75%, 01/22/26 (Call 12/22/25)		1,061		999,128
2.38%, 05/22/30 (Call 02/22/30)		1,057		917,902
2.88%, 04/06/25 (Call 03/06/25)		1,791		1,748,162
3.00%, 04/06/27 (Call 02/06/27)		962		910,093
3.13%, 04/06/30 (Call 01/06/30)(a)		1,888		1,722,044
3.25%, 11/18/49 (Call 05/18/49)(a)		1,187		855,683
3.63%, 09/10/28 (Call 06/10/28)		1,250		1,196,495
3.63%, 04/06/40 (Call 10/06/39)		774		638,396
3.70%, 04/06/50 (Call 10/06/49)(a)		1,527		1,192,621
3.95%, 05/15/43		1,242		1,037,403
4.25%, 11/23/41(a)		684		602,205
4.80%, 11/08/43		898		843,561
5.10%, 08/17/40		1,008		991,418
6.50%, 12/01/28(b)		605		645,810
6.80%, 01/15/28		625		663,097
7.15%, 11/15/25		628		647,784
7.15%, 01/15/29		115		125,307
7.25%, 09/23/27		734		790,167
Exxon Mobil Corp.
2.28%, 08/16/26 (Call 06/16/26)		1,674		1,581,694
2.44%, 08/16/29 (Call 05/16/29)(a)		1,070		955,723
2.61%, 10/15/30 (Call 07/15/30)		2,513		2,204,374
2.71%, 03/06/25 (Call 12/06/24)		1,960		1,913,809
2.99%, 03/19/25 (Call 02/19/25)		2,309		2,256,874
3.00%, 08/16/39 (Call 02/16/39)		1,262		973,139
3.04%, 03/01/26 (Call 12/01/25)		2,755		2,658,172
3.10%, 08/16/49 (Call 02/16/49)		1,974		1,381,256
3.29%, 03/19/27 (Call 01/19/27)(a)		1,772		1,707,054
3.45%, 04/15/51 (Call 10/15/50)		3,231		2,391,317

Security	Par (000)		Value
Oil & Gas (continued)
3.48%, 03/19/30 (Call 12/19/29)	$	2,520	$	2,353,065
3.57%, 03/06/45 (Call 09/06/44)		1,580		1,234,648
4.11%, 03/01/46 (Call 09/01/45)		3,207		2,717,613
4.23%, 03/19/40 (Call 09/19/39)		2,911		2,610,129
4.33%, 03/19/50 (Call 09/19/49)		3,081		2,672,536
GS Caltex Corp., 4.50%, 01/05/26(b)		455		446,130
Helmerich & Payne Inc., 2.90%, 09/29/31
(Call 06/29/31)(a)		942		783,486
Hess Corp.
4.30%, 04/01/27 (Call 01/01/27)		1,840		1,795,079
5.60%, 02/15/41(a)		1,781		1,793,420
5.80%, 04/01/47 (Call 10/01/46)		797		809,923
6.00%, 01/15/40		1,204		1,263,809
7.13%, 03/15/33		824		924,090
7.30%, 08/15/31		917		1,031,535
7.88%, 10/01/29(a)		636		712,621
HF Sinclair Corp.
4.50%, 10/01/30 (Call 07/01/30)(a)		520		486,516
5.00%, 02/01/28 (Call 03/11/24)(b)		265		255,185
5.88%, 04/01/26 (Call 01/01/26)(a)		1,376		1,380,252
6.38%, 04/15/27 (Call 04/15/24)(a)(b)		105		105,179
Hunt Oil Co. of Peru LLC Sucursal Del Peru,
8.55%, 09/18/33 (Call 06/18/33)(b)		100		105,768
KazMunayGas National Co. JSC
3.50%, 04/14/33 (Call 10/14/32)(a)(b)		490		397,513
4.75%, 04/19/27(a)(b)		243		234,600
5.38%, 04/24/30(b)		1,150		1,113,918
5.75%, 04/19/47(b)		2,100		1,779,968
6.38%, 10/24/48(b)		2,225		2,021,969
Marathon Oil Corp.
4.40%, 07/15/27 (Call 04/15/27)		1,814		1,762,238
5.20%, 06/01/45 (Call 12/01/44)		699		606,727
6.60%, 10/01/37(a)		1,210		1,261,599
6.80%, 03/15/32(a)		768		819,933
Marathon Petroleum Corp.
3.80%, 04/01/28 (Call 01/01/28)		874		832,601
4.50%, 04/01/48 (Call 10/01/47)(a)		754		620,056
4.70%, 05/01/25 (Call 04/01/25)		1,217		1,205,501
4.75%, 09/15/44 (Call 03/15/44)		1,422		1,241,497
5.00%, 09/15/54 (Call 03/15/54)		328		280,064
5.13%, 12/15/26 (Call 09/15/26)		1,216		1,214,679
5.85%, 12/15/45 (Call 06/15/45)		321		310,571
6.50%, 03/01/41 (Call 09/01/40)		1,395		1,480,574
Motiva Enterprises LLC, 6.85%, 01/15/40(b)		1,080		1,157,515
Occidental Petroleum Corp.
0.00%, 10/10/36 (Put 10/10/24)(a)(f)		1,457		768,787
3.40%, 04/15/26 (Call 01/15/26)		330		315,889
3.50%, 08/15/29 (Call 05/15/29)(a)		440		399,843
4.10%, 02/15/47 (Call 08/15/46)(a)		274		201,442
4.20%, 03/15/48 (Call 09/15/47)(a)		440		336,244
4.40%, 04/15/46 (Call 10/15/45)(a)		470		375,534
4.40%, 08/15/49 (Call 02/15/49)		492		363,834
4.63%, 06/15/45 (Call 12/15/44)(a)		510		411,667
5.50%, 12/01/25 (Call 09/01/25)		605		603,558
5.55%, 03/15/26 (Call 12/15/25)(a)		455		455,499
5.88%, 09/01/25 (Call 06/01/25)		85		85,204
6.13%, 01/01/31 (Call 07/01/30)		1,295		1,328,333
6.20%, 03/15/40		1,050		1,066,442
6.38%, 09/01/28 (Call 03/01/28)(a)		260		269,339
6.45%, 09/15/36		2,525		2,658,471
6.60%, 03/15/46 (Call 09/15/45)(a)		1,455		1,545,486

106 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
6.63%, 09/01/30 (Call 03/01/30)	$	1,885	$	1,983,774
7.50%, 05/01/31		535		590,823
7.88%, 09/15/31		620		697,675
7.95%, 06/15/39(a)		550		636,607
8.50%, 07/15/27 (Call 01/15/27)(a)		180		195,250
8.88%, 07/15/30 (Call 01/15/30)		1,130		1,303,275
Ovintiv Inc.
5.38%, 01/01/26 (Call 10/01/25)		994		989,184
5.65%, 05/15/25(a)		540		540,106
5.65%, 05/15/28 (Call 04/15/28)(a)		930		938,279
6.25%, 07/15/33 (Call 04/15/33)(a)		645		663,184
6.50%, 08/15/34(a)		1,085		1,137,129
6.50%, 02/01/38		432		441,348
6.63%, 08/15/37(a)		666		686,889
7.10%, 07/15/53 (Call 01/15/53)		453		494,609
7.20%, 11/01/31		687		741,852
7.38%, 11/01/31		695		757,420
8.13%, 09/15/30		498		558,029
Patterson-UTI Energy Inc.
3.95%, 02/01/28 (Call 11/01/27)		135		126,409
5.15%, 11/15/29 (Call 08/15/29)(a)		125		120,640
7.15%, 10/01/33 (Call 07/01/33)(a)		365		386,719
Pertamina Persero PT
1.40%, 02/09/26 (Call 01/09/26)(b)		987		911,494
2.30%, 02/09/31 (Call 11/09/30)(b)		1,355		1,112,614
3.10%, 01/21/30 (Call 10/21/29)(b)		450		398,768
3.10%, 08/27/30 (Call 05/25/30)(a)(b)		720		632,124
3.65%, 07/30/29(a)(b)		2,205		2,038,487
4.15%, 02/25/60 (Call 08/25/59)(a)(b)		805		594,643
4.18%, 01/21/50 (Call 07/21/49)(b)		1,195		912,986
4.70%, 07/30/49(b)		867		721,203
5.63%, 05/20/43(a)(b)		1,855		1,759,411
6.00%, 05/03/42(b)		1,720		1,703,021
6.45%, 05/30/44(a)(b)		1,692		1,755,597
6.50%, 05/27/41(b)		350		366,564
6.50%, 11/07/48(b)		1,000		1,047,339
Petroliam Nasional Bhd, 7.63%, 10/15/26(b)		590		624,120
Petronas Capital Ltd.
2.48%, 01/28/32 (Call 10/28/31)(b)		1,265		1,047,306
3.40%, 04/28/61 (Call 10/28/60)(a)(b)		2,040		1,378,214
3.50%, 03/18/25(b)		532		520,839
3.50%, 04/21/30 (Call 01/21/30)(b)		3,273		2,989,353
4.50%, 03/18/45(b)		1,790		1,570,671
4.55%, 04/21/50 (Call 10/21/49)(b)		3,618		3,163,011
4.80%, 04/21/60 (Call 10/21/59)(a)(b)		1,202		1,075,670
Petronas Energy Canada Ltd., 2.11%, 03/23/28 (Call 01/23/28)(a)(b)		810		724,711
Phillips 66
1.30%, 02/15/26 (Call 01/15/26)		876		810,606
2.15%, 12/15/30 (Call 09/15/30)(a)		1,091		906,123
3.30%, 03/15/52 (Call 09/15/51)(a)		1,615		1,099,845
3.85%, 04/09/25 (Call 03/09/25)		810		796,183
3.90%, 03/15/28 (Call 12/15/27)		1,338		1,288,916
4.65%, 11/15/34 (Call 05/15/34)		1,626		1,528,009
4.88%, 11/15/44 (Call 05/15/44)		2,051		1,875,877
5.88%, 05/01/42		1,515		1,561,761
Phillips 66 Co.
3.15%, 12/15/29 (Call 09/15/29)		1,088		983,477
3.55%, 10/01/26 (Call 07/01/26)		889		853,093
3.75%, 03/01/28 (Call 12/01/27)		308		293,680
4.68%, 02/15/45 (Call 08/15/44)		810		708,673

Security	Par (000)		Value
Oil & Gas (continued)
4.90%, 10/01/46 (Call 04/01/46)	$	869	$	775,967
4.95%, 12/01/27 (Call 11/01/27)		1,045		1,041,517
5.25%, 06/15/31 (Call 04/15/31)		625		623,123
5.30%, 06/30/33 (Call 03/30/33)		1,465		1,452,858
5.65%, 06/15/54 (Call 12/15/53)		625		618,774
Pioneer Natural Resources Co.
1.13%, 01/15/26 (Call 12/15/25)		494		458,504
1.90%, 08/15/30 (Call 05/15/30)		1,191		992,087
2.15%, 01/15/31 (Call 10/15/30)(a)		693		579,764
5.10%, 03/29/26		995		993,917
PTTEP Treasury Center Co. Ltd.
2.59%, 06/10/27 (Call 04/10/27)(a)(b)		620		569,165
2.99%, 01/15/30 (Call 07/15/29)(a)(b)		155		137,330
3.90%, 12/06/59(a)(b)		435		329,056
Qatar Energy
1.38%, 09/12/26 (Call 08/12/26)(a)(b)		1,607		1,465,934
2.25%, 07/12/31 (Call 04/12/31)(a)(b)		3,716		3,085,603
3.13%, 07/12/41 (Call 01/12/41)(a)(b)		4,920		3,605,406
3.30%, 07/12/51 (Call 01/12/51)(b)		5,587		3,861,176
Raizen Fuels Finance SA, 5.30%, 01/20/27(b)		415		413,134
Ras Laffan Liquefied Natural Gas Co. Ltd. 3
5.84%, 09/30/27(b)		774		779,603
6.33%, 09/30/27(b)		1,037		1,051,429
Reliance Industries Ltd.
2.88%, 01/12/32(a)(b)		2,435		2,060,289
3.63%, 01/12/52(b)		1,935		1,405,220
3.67%, 11/30/27(b)		100		94,419
3.75%, 01/12/62(b)		980		694,909
4.88%, 02/10/45(b)		165		149,625
SA Global Sukuk Ltd.
1.60%, 06/17/26 (Call 05/17/26)(b)		365		335,612
2.69%, 06/17/31 (Call 03/17/31)(a)(b)		3,047		2,599,487
Santos Finance Ltd.
3.65%, 04/29/31 (Call 01/29/31)(b)		1,581		1,365,532
6.88%, 09/19/33 (Call 06/19/33)(b)		1,025		1,067,368
Saudi Arabian Oil Co.
1.63%, 11/24/25 (Call 10/24/25)(b)		2,090		1,957,586
2.25%, 11/24/30 (Call 08/24/30)(b)		2,293		1,917,246
3.25%, 11/24/50 (Call 05/24/50)(a)(b)		2,554		1,689,732
3.50%, 04/16/29(a)(b)		2,726		2,527,367
3.50%, 11/24/70 (Call 05/24/70)(a)(b)		2,958		1,859,866
4.25%, 04/16/39(a)(b)		4,257		3,665,558
4.38%, 04/16/49(b)		4,531		3,688,007
Shell International Finance BV
2.38%, 11/07/29 (Call 08/07/29)		2,085		1,836,171
2.50%, 09/12/26(a)		1,551		1,464,744
2.75%, 04/06/30 (Call 01/06/30)(a)		2,461		2,191,326
2.88%, 05/10/26		2,526		2,417,436
2.88%, 11/26/41 (Call 05/26/41)		855		624,041
3.00%, 11/26/51 (Call 05/26/51)		1,470		988,108
3.13%, 11/07/49 (Call 05/07/49)		1,467		1,016,049
3.25%, 05/11/25		2,158		2,110,451
3.25%, 04/06/50 (Call 10/06/49)(a)		2,542		1,808,705
3.63%, 08/21/42		836		672,216
3.75%, 09/12/46		1,724		1,358,018
3.88%, 11/13/28 (Call 08/13/28)(a)		2,035		1,963,942
4.00%, 05/10/46		2,895		2,376,021
4.13%, 05/11/35		2,264		2,098,040
4.38%, 05/11/45		2,901		2,534,172
4.55%, 08/12/43		1,431		1,299,081
5.50%, 03/25/40(a)		1,415		1,456,614

S C H E D U L E  O F  I N V E S T M E N T S 107

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
6.38%, 12/15/38	$	3,283	$	3,662,323
Sinopec Capital 2013 Ltd., 4.25%, 04/24/43(b)		245		217,999
Sinopec Group Overseas Development 2012
Ltd., 4.88%, 05/17/42(b)		917		877,789
Sinopec Group Overseas Development 2015
Ltd.
3.25%, 04/28/25(b)		1,420		1,386,739
4.10%, 04/28/45(b)		1,235		1,060,441
Sinopec Group Overseas Development 2016
Ltd.
2.75%, 09/29/26(b)		1,303		1,229,928
3.50%, 05/03/26(a)(b)		565		546,609
4.25%, 05/03/46(b)		790		691,124
Sinopec Group Overseas Development 2017
Ltd.
3.25%, 09/13/27(b)		1,165		1,102,394
3.63%, 04/12/27(b)		2,060		1,983,415
4.00%, 09/13/47(b)		710		592,580
4.25%, 04/12/47(a)(b)		300		260,902
Sinopec Group Overseas Development 2018
Ltd.
1.45%, 01/08/26 (Call 12/08/25)(b)		385		360,525
2.15%, 05/13/25 (Call 04/13/25)(b)		1,360		1,307,647
2.30%, 01/08/31 (Call 10/08/30)(a)(b)		1,094		937,773
2.70%, 05/13/30 (Call 02/13/30)(a)(b)		1,605		1,429,598
2.95%, 08/08/29 (Call 05/08/29)(a)(b)		879		804,656
2.95%, 11/12/29 (Call 08/12/29)(b)		624		567,160
3.10%, 01/08/51 (Call 07/08/50)(b)		675		468,715
3.35%, 05/13/50 (Call 11/13/49)(b)		1,084		796,200
3.44%, 11/12/49 (Call 05/12/49)(a)(b)		435		326,672
3.68%, 08/08/49 (Call 02/08/49)(a)(b)		987		777,731
4.13%, 09/12/25(a)(b)		510		501,095
4.25%, 09/12/28(a)(b)		865		844,944
4.60%, 09/12/48(b)		938		859,548
Suncor Energy Inc.
3.75%, 03/04/51 (Call 09/04/50)(a)		1,010		735,251
4.00%, 11/15/47 (Call 05/15/47)		885		674,787
5.95%, 12/01/34(a)		564		587,161
6.50%, 06/15/38		1,701		1,780,719
6.80%, 05/15/38		1,285		1,372,254
6.85%, 06/01/39		936		1,007,578
7.00%, 11/15/28(a)		205		218,836
7.15%, 02/01/32		820		897,924
7.88%, 06/15/26		595		624,468
Tengizchevroil Finance Co. International Ltd.
2.63%, 08/15/25 (Call 05/15/25)(b)		582		546,585
3.25%, 08/15/30 (Call 02/15/30)(a)(b)		460		375,329
4.00%, 08/15/26(a)(b)		685		641,501
Thaioil Treasury Center Co. Ltd.
2.50%, 06/18/30(a)(b)		615		514,948
3.50%, 10/17/49(a)(b)		940		635,855
3.75%, 06/18/50(b)		765		537,636
4.63%, 11/20/28(b)		345		334,849
5.38%, 11/20/48(b)		535		491,538
Tosco Corp., 8.13%, 02/15/30		556		642,263
TotalEnergies Capital International SA
2.83%, 01/10/30 (Call 10/10/29)		1,591		1,430,563
2.99%, 06/29/41 (Call 12/29/40)		1,408		1,044,700
3.13%, 05/29/50 (Call 11/29/49)(a)		3,195		2,226,486
3.39%, 06/29/60 (Call 12/29/59)		701		486,564
3.46%, 02/19/29 (Call 11/19/28)		1,944		1,825,491

Security	Par (000)		Value
Oil & Gas (continued)
3.46%, 07/12/49 (Call 01/12/49)	$	1,355	$	1,014,098
TotalEnergies Capital SA, 3.88%, 10/11/28		1,609		1,551,057
Valero Energy Corp.
2.15%, 09/15/27 (Call 07/15/27)(a)		877		794,713
2.80%, 12/01/31 (Call 09/01/31)(a)		1,235		1,043,207
2.85%, 04/15/25 (Call 03/15/25)		82		79,637
3.40%, 09/15/26 (Call 06/15/26)		260		248,402
3.65%, 12/01/51 (Call 06/01/51)		1,280		901,680
4.00%, 04/01/29 (Call 01/01/29)		392		374,129
4.00%, 06/01/52 (Call 12/01/51)(a)		903		679,303
4.35%, 06/01/28 (Call 03/01/28)		1,053		1,024,836
4.90%, 03/15/45(a)		503		452,653
6.63%, 06/15/37		2,046		2,191,089
7.50%, 04/15/32		710		807,871
Var Energi ASA
7.50%, 01/15/28 (Call 12/15/27)(b)		620		652,883
8.00%, 11/15/32 (Call 08/15/32)(b)		1,440		1,600,531
Woodside Finance Ltd.
3.65%, 03/05/25 (Call 12/05/24)(b)		1,350		1,320,126
3.70%, 09/15/26 (Call 06/15/26)(b)		1,390		1,327,685
3.70%, 03/15/28 (Call 12/15/27)(b)		1,465		1,364,608
4.50%, 03/04/29 (Call 12/04/28)(a)(b)		1,576		1,502,926
XTO Energy Inc., 6.75%, 08/01/37(a)		662		744,233
				433,143,302
Oil & Gas Services — 0.3%
Baker Hughes Holdings LLC, 5.13%, 09/15/40		1,460		1,418,942
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor Inc.
2.06%, 12/15/26 (Call 11/15/26)		1,272		1,173,151
3.14%, 11/07/29 (Call 08/07/29)(a)		910		830,867
3.34%, 12/15/27 (Call 09/15/27)(a)		1,978		1,865,086
4.08%, 12/15/47 (Call 06/15/47)		1,803		1,455,767
4.49%, 05/01/30 (Call 02/01/30)		807		784,069
Guara Norte Sarl, 5.20%, 06/15/34(b)		236		212,350
Halliburton Co.
2.92%, 03/01/30 (Call 12/01/29)(a)		1,613		1,432,687
3.80%, 11/15/25 (Call 08/15/25)		891		870,450
4.50%, 11/15/41 (Call 05/15/41)		1,020		900,025
4.75%, 08/01/43 (Call 02/01/43)		1,228		1,110,282
4.85%, 11/15/35 (Call 05/15/35)		1,140		1,096,370
5.00%, 11/15/45 (Call 05/15/45)(a)		2,113		1,966,265
6.70%, 09/15/38		1,272		1,426,651
7.45%, 09/15/39		1,398		1,678,828
NOV Inc.
3.60%, 12/01/29 (Call 09/01/29)		913		833,722
3.95%, 12/01/42 (Call 06/01/42)		1,659		1,238,622
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25 (Call 08/17/25)		812		767,305
Schlumberger Holdings Corp.
3.90%, 05/17/28 (Call 02/17/28)(b)		1,522		1,459,558
4.00%, 12/21/25 (Call 09/21/25)(b)		918		898,817
4.30%, 05/01/29 (Call 02/01/29)(b)		1,039		1,005,475
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)(a)		1,654		1,453,950
4.50%, 05/15/28 (Call 04/15/28)		450		445,817
4.85%, 05/15/33 (Call 02/15/33)(a)		450		445,100
				26,770,156
Packaging & Containers — 0.3%
Amcor Finance USA Inc.
3.63%, 04/28/26 (Call 01/28/26)		20		19,254

108 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Packaging & Containers (continued)
4.50%, 05/15/28 (Call 02/15/28)	$	950	$	923,611
5.63%, 05/26/33 (Call 02/26/33)(a)		725		737,179
Amcor Flexibles North America Inc.
2.63%, 06/19/30 (Call 03/19/30)		1,323		1,128,741
2.69%, 05/25/31 (Call 02/25/31)		1,103		931,792
3.10%, 09/15/26 (Call 06/15/26)		625		583,614
4.00%, 05/17/25 (Call 04/17/25)		199		195,196
AptarGroup Inc., 3.60%, 03/15/32
(Call 12/15/31)(a)		205		179,844
Berry Global Inc.
1.57%, 01/15/26 (Call 12/15/25)(a)		1,665		1,550,393
1.65%, 01/15/27 (Call 12/15/26)(a)		705		634,867
4.88%, 07/15/26 (Call 04/01/24)(b)		1,845		1,801,510
5.50%, 04/15/28 (Call 03/15/28)(a)(b)		590		586,221
5.65%, 01/15/34 (Call 10/15/33)(a)(b)		465		458,800
Brambles USA Inc., 4.13%, 10/23/25
(Call 07/25/25)(b)		1,062		1,037,502
CCL Industries Inc.
3.05%, 06/01/30 (Call 03/01/30)(b)		1,300		1,121,352
3.25%, 10/01/26 (Call 07/01/26)(b)		590		556,071
Graphic Packaging International LLC, 1.51%, 04/15/26 (Call 03/15/26)(b)		977		893,082
Packaging Corp. of America
3.00%, 12/15/29 (Call 09/15/29)		885		793,691
3.05%, 10/01/51 (Call 04/01/51)(a)		945		630,857
3.40%, 12/15/27 (Call 09/15/27)		1,096		1,035,638
4.05%, 12/15/49 (Call 06/15/49)		604		474,635
5.70%, 12/01/33 (Call 09/01/33)		300		307,023
Sealed Air Corp., 1.57%, 10/15/26
(Call 09/15/26)(b)		1,173		1,055,651
Silgan Holdings Inc., 1.40%, 04/01/26
(Call 03/01/26)(b)		1,120		1,022,377
Sonoco Products Co.
2.25%, 02/01/27 (Call 01/01/27)		805		739,232
2.85%, 02/01/32 (Call 11/01/31)		835		704,975
3.13%, 05/01/30 (Call 02/01/30)(a)		1,255		1,115,048
5.75%, 11/01/40 (Call 05/01/40)		25		25,124
Stora Enso OYJ, 7.25%, 04/15/36(a)(b)		410		433,930
WestRock MWV LLC
7.95%, 02/15/31(a)		515		586,834
8.20%, 01/15/30		470		534,684
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)(a)		1,097		925,514
3.38%, 09/15/27 (Call 06/15/27)		734		690,655
3.75%, 03/15/25 (Call 01/15/25)		884		867,683
3.90%, 06/01/28 (Call 03/01/28)		905		857,689
4.00%, 03/15/28 (Call 12/15/27)		858		819,021
4.20%, 06/01/32 (Call 03/01/32)(a)		611		573,977
4.65%, 03/15/26 (Call 01/15/26)		1,169		1,153,843
4.90%, 03/15/29 (Call 12/15/28)(a)		984		974,954
				29,662,064
Pharmaceuticals — 4.7%
AbbVie Inc.
2.95%, 11/21/26 (Call 09/21/26)		4,810		4,560,658
3.20%, 05/14/26 (Call 02/14/26)		2,916		2,807,204
3.20%, 11/21/29 (Call 08/21/29)		6,848		6,265,444
3.60%, 05/14/25 (Call 02/14/25)		3,350		3,283,038
3.80%, 03/15/25 (Call 12/15/24)		2,281		2,245,959
4.05%, 11/21/39 (Call 05/21/39)		5,063		4,438,897
4.25%, 11/14/28 (Call 08/14/28)		2,122		2,073,380
4.25%, 11/21/49 (Call 05/21/49)		7,399		6,347,612

Security	Par (000)		Value
Pharmaceuticals (continued)
4.30%, 05/14/36 (Call 11/14/35)	$	1,428	$	1,325,977
4.40%, 11/06/42		3,189		2,859,278
4.45%, 05/14/46 (Call 11/14/45)		2,591		2,291,399
4.50%, 05/14/35 (Call 11/14/34)		3,330		3,172,336
4.55%, 03/15/35 (Call 09/15/34)		2,283		2,187,252
4.63%, 10/01/42 (Call 04/01/42)		415		379,750
4.70%, 05/14/45 (Call 11/14/44)(a)		3,337		3,073,715
4.75%, 03/15/45 (Call 09/15/44)		1,338		1,240,294
4.80%, 03/15/27 (Call 02/15/27)		2,725		2,717,273
4.80%, 03/15/29 (Call 02/15/29)		2,725		2,712,429
4.85%, 06/15/44 (Call 12/15/43)		1,407		1,331,799
4.88%, 11/14/48 (Call 05/14/48)		2,240		2,119,867
4.95%, 03/15/31 (Call 01/15/31)		1,435		1,435,288
5.05%, 03/15/34 (Call 12/15/33)(a)		1,150		1,155,725
5.35%, 03/15/44 (Call 09/15/43)		820		827,540
5.40%, 03/15/54 (Call 09/15/53)(a)		600		609,073
5.50%, 03/15/64 (Call 09/15/63)(a)		700		708,054
Astrazeneca Finance LLC
1.20%, 05/28/26 (Call 04/28/26)		1,875		1,724,588
1.75%, 05/28/28 (Call 03/28/28)		903		798,303
2.25%, 05/28/31 (Call 02/28/31)		1,055		885,040
4.80%, 02/26/27 (Call 01/26/27)		1,275		1,271,991
4.85%, 02/26/29 (Call 01/26/29)		1,355		1,354,535
4.88%, 03/03/28 (Call 02/03/28)		1,565		1,563,517
4.88%, 03/03/33 (Call 12/03/32)(a)		800		798,131
4.90%, 03/03/30 (Call 01/03/30)		925		926,753
4.90%, 02/26/31 (Call 12/26/30)		1,275		1,272,243
5.00%, 02/26/34 (Call 11/26/33)		1,275		1,279,280
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)		1,667		1,525,384
1.38%, 08/06/30 (Call 05/06/30)(a)		1,942		1,573,735
2.13%, 08/06/50 (Call 02/06/50)		870		511,210
3.00%, 05/28/51 (Call 11/28/50)(a)		1,390		963,276
3.13%, 06/12/27 (Call 03/12/27)		1,170		1,111,802
3.38%, 11/16/25		2,540		2,470,248
4.00%, 01/17/29 (Call 10/17/28)		1,462		1,412,386
4.00%, 09/18/42		1,180		1,007,106
4.38%, 11/16/45		1,279		1,131,046
4.38%, 08/17/48 (Call 02/17/48)		911		810,483
6.45%, 09/15/37(a)		2,945		3,319,663
Bayer Corp., 6.65%, 02/15/28(b)		244		248,459
Bayer U.S. Finance II LLC
3.95%, 04/15/45 (Call 10/15/44)(b)		508		351,236
4.20%, 07/15/34 (Call 01/15/34)(b)		679		568,746
4.25%, 12/15/25 (Call 10/15/25)(b)		3,307		3,215,412
4.38%, 12/15/28 (Call 09/15/28)(b)		3,937		3,667,366
4.40%, 07/15/44 (Call 01/15/44)(a)(b)		1,237		933,393
4.63%, 06/25/38 (Call 12/25/37)(b)		1,342		1,104,419
4.65%, 11/15/43 (Call 05/15/43)(b)		200		152,904
4.70%, 07/15/64 (Call 01/15/64)(b)		960		687,183
4.88%, 06/25/48 (Call 12/25/47)(a)(b)		2,820		2,234,594
5.50%, 08/15/25(b)		398		393,838
5.50%, 07/30/35(a)(b)		660		605,585
Bayer U.S. Finance LLC
6.13%, 11/21/26 (Call 10/21/26)(a)(b)		1,420		1,430,078
6.25%, 01/21/29 (Call 12/21/28)(b)		710		715,308
6.38%, 11/21/30 (Call 09/21/30)(b)		1,140		1,148,653
6.50%, 11/21/33 (Call 08/21/33)(b)		1,410		1,410,769
6.88%, 11/21/53 (Call 05/21/53)(a)(b)		890		890,640
Becton Dickinson and Co.
1.96%, 02/11/31 (Call 11/11/30)		1,477		1,201,795

S C H E D U L E  O F  I N V E S T M E N T S 109

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
2.82%, 05/20/30 (Call 02/20/30)	$	1,016	$	892,172
3.70%, 06/06/27 (Call 03/06/27)(a)		2,453		2,351,671
3.79%, 05/20/50 (Call 11/20/49)(a)		765		592,098
4.30%, 08/22/32 (Call 05/22/32)		850		796,631
4.67%, 06/06/47 (Call 12/06/46)		2,099		1,859,147
4.69%, 02/13/28 (Call 01/13/28)		1,110		1,093,644
4.69%, 12/15/44 (Call 06/15/44)(a)		1,446		1,294,148
4.87%, 02/08/29 (Call 01/08/29)		230		227,119
5.11%, 02/08/34 (Call 11/08/33)		185		181,780
Bristol-Myers Squibb Co.
0.75%, 11/13/25 (Call 10/13/25)		1,399		1,301,328
1.13%, 11/13/27 (Call 09/13/27)		1,518		1,330,794
1.45%, 11/13/30 (Call 08/13/30)(a)		2,026		1,625,419
2.35%, 11/13/40 (Call 05/13/40)		1,138		763,285
2.55%, 11/13/50 (Call 05/13/50)		2,191		1,327,889
2.95%, 03/15/32 (Call 12/15/31)		2,020		1,745,668
3.20%, 06/15/26 (Call 04/15/26)		2,391		2,300,872
3.25%, 02/27/27		455		436,866
3.25%, 08/01/42(a)		800		605,349
3.40%, 07/26/29 (Call 04/26/29)		3,321		3,096,574
3.45%, 11/15/27 (Call 08/15/27)(a)		960		915,936
3.55%, 03/15/42 (Call 09/15/41)		1,705		1,344,305
3.70%, 03/15/52 (Call 09/15/51)		2,717		2,062,157
3.90%, 02/20/28 (Call 11/20/27)		1,168		1,127,677
3.90%, 03/15/62 (Call 09/15/61)		1,279		954,729
4.13%, 06/15/39 (Call 12/15/38)(a)		2,650		2,308,668
4.25%, 10/26/49 (Call 04/26/49)		4,817		4,041,232
4.35%, 11/15/47 (Call 05/15/47)		1,594		1,356,134
4.50%, 03/01/44 (Call 09/01/43)		200		177,338
4.55%, 02/20/48 (Call 08/20/47)		1,522		1,340,141
4.63%, 05/15/44 (Call 11/15/43)		1,165		1,055,912
4.90%, 02/22/27 (Call 01/22/27)		590		589,340
4.90%, 02/22/29 (Call 01/22/29)		1,050		1,047,530
4.95%, 02/20/26		925		923,419
5.00%, 08/15/45 (Call 02/15/45)(a)		755		717,701
5.10%, 02/22/31 (Call 12/22/30)		425		426,739
5.20%, 02/22/34 (Call 11/22/33)		2,615		2,636,244
5.50%, 02/22/44 (Call 08/22/43)		345		349,147
5.55%, 02/22/54 (Call 08/22/53)		1,725		1,745,450
5.65%, 02/22/64 (Call 08/22/63)		1,920		1,937,572
5.75%, 02/01/31 (Call 12/01/30)		1,185		1,235,411
5.88%, 11/15/36(a)		497		524,103
5.90%, 11/15/33 (Call 08/15/33)		1,190		1,259,155
6.25%, 11/15/53 (Call 05/15/53)(a)		1,530		1,694,898
6.40%, 11/15/63 (Call 05/15/63)		860		960,229
6.80%, 11/15/26		1,005		1,050,460
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		1,516		1,437,464
3.75%, 09/15/25 (Call 06/15/25)		717		699,395
4.37%, 06/15/47 (Call 12/15/46)		807		663,411
4.50%, 11/15/44 (Call 05/15/44)(a)		637		534,266
4.60%, 03/15/43		460		393,608
4.90%, 09/15/45 (Call 03/15/45)		699		616,978
5.13%, 02/15/29 (Call 01/15/29)		475		472,902
5.45%, 02/15/34 (Call 11/15/33)(a)		270		270,086
Cencora Inc.
2.70%, 03/15/31 (Call 12/15/30)		1,605		1,371,238
2.80%, 05/15/30 (Call 02/15/30)(a)		1,010		886,511
3.25%, 03/01/25 (Call 12/01/24)		814		796,400
3.45%, 12/15/27 (Call 09/15/27)		943		893,327
4.25%, 03/01/45 (Call 09/01/44)(a)		485		423,093

Security	Par (000)		Value
Pharmaceuticals (continued)
4.30%, 12/15/47 (Call 06/15/47)(a)	$	1,042	$	886,974
5.13%, 02/15/34 (Call 11/15/33)		225		220,862
Cigna Group (The)
1.25%, 03/15/26 (Call 02/15/26)(a)		408		376,910
2.38%, 03/15/31 (Call 12/15/30)		1,760		1,469,291
2.40%, 03/15/30 (Call 12/15/29)		1,725		1,479,429
3.05%, 10/15/27 (Call 07/15/27)(a)		998		932,860
3.20%, 03/15/40 (Call 09/15/39)		1,214		904,909
3.25%, 04/15/25 (Call 01/15/25)		905		883,341
3.40%, 03/01/27 (Call 12/01/26)		1,665		1,585,233
3.40%, 03/15/50 (Call 09/15/49)		1,860		1,302,574
3.40%, 03/15/51 (Call 09/15/50)		2,095		1,464,674
3.88%, 10/15/47 (Call 04/15/47)		1,334		1,025,400
4.38%, 10/15/28 (Call 07/15/28)		4,350		4,222,262
4.50%, 02/25/26 (Call 11/27/25)		1,022		1,007,786
4.80%, 08/15/38 (Call 02/15/38)		2,833		2,627,447
4.80%, 07/15/46 (Call 01/16/46)		2,054		1,835,553
4.90%, 12/15/48 (Call 06/15/48)		3,548		3,188,720
5.00%, 05/15/29 (Call 04/15/29)		675		670,424
5.13%, 05/15/31 (Call 03/15/31)		725		716,980
5.25%, 02/15/34 (Call 11/15/33)(a)		675		667,005
5.38%, 02/15/42 (Call 08/15/41)		70		65,544
5.40%, 03/15/33 (Call 12/15/32)		1,200		1,209,101
5.60%, 02/15/54 (Call 08/15/53)		725		713,152
5.69%, 03/15/26 (Call 03/15/24)		215		214,995
6.13%, 11/15/41		439		464,312
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)		3,054		2,685,054
1.75%, 08/21/30 (Call 05/21/30)		1,500		1,218,416
1.88%, 02/28/31 (Call 11/28/30)		1,750		1,407,240
2.13%, 09/15/31 (Call 06/15/31)		1,420		1,145,677
2.70%, 08/21/40 (Call 02/21/40)(a)		1,748		1,195,186
2.88%, 06/01/26 (Call 03/01/26)		2,189		2,080,092
3.00%, 08/15/26 (Call 06/15/26)(a)		1,129		1,071,986
3.25%, 08/15/29 (Call 05/15/29)		2,462		2,242,407
3.63%, 04/01/27 (Call 02/01/27)		1,351		1,296,484
3.75%, 04/01/30 (Call 01/01/30)		2,059		1,899,830
3.88%, 07/20/25 (Call 04/20/25)		2,671		2,616,471
4.10%, 03/25/25 (Call 01/25/25)		1,104		1,089,944
4.13%, 04/01/40 (Call 10/01/39)		1,456		1,197,801
4.25%, 04/01/50 (Call 10/01/49)		1,200		958,066
4.30%, 03/25/28 (Call 12/25/27)		6,511		6,318,931
4.78%, 03/25/38 (Call 09/25/37)		5,681		5,162,382
4.88%, 07/20/35 (Call 01/20/35)		308		293,588
5.00%, 02/20/26 (Call 01/20/26)		1,945		1,936,173
5.00%, 01/30/29 (Call 12/30/28)		1,410		1,405,401
5.05%, 03/25/48 (Call 09/25/47)		10,204		9,101,697
5.13%, 02/21/30 (Call 12/21/29)		1,970		1,957,729
5.13%, 07/20/45 (Call 01/20/45)		4,633		4,214,170
5.25%, 01/30/31 (Call 11/30/30)		1,050		1,048,778
5.25%, 02/21/33 (Call 11/21/32)		2,325		2,301,308
5.30%, 06/01/33 (Call 03/01/33)(a)		1,645		1,633,142
5.30%, 12/05/43 (Call 06/05/43)		325		302,473
5.63%, 02/21/53 (Call 08/21/52)		1,710		1,642,839
5.88%, 06/01/53 (Call 12/01/52)(a)		1,755		1,749,244
6.00%, 06/01/63 (Call 12/01/62)(a)		1,020		1,021,089
6.13%, 09/15/39(a)		633		647,532
6.25%, 06/01/27(a)		660		683,902
Eli Lilly & Co.
2.25%, 05/15/50 (Call 11/15/49)(a)		2,208		1,335,189
2.50%, 09/15/60 (Call 03/15/60)		1,257		735,411

110 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
2.75%, 06/01/25 (Call 03/01/25)	$	952	$	926,157
3.10%, 05/15/27 (Call 02/15/27)		716		681,067
3.38%, 03/15/29 (Call 12/15/28)(a)		1,663		1,567,297
3.70%, 03/01/45 (Call 09/01/44)		780		641,226
3.95%, 05/15/47 (Call 11/15/46)		76		65,240
3.95%, 03/15/49 (Call 09/15/48)		540		454,079
4.15%, 03/15/59 (Call 09/15/58)(a)		740		625,293
4.50%, 02/09/27 (Call 01/09/27)(a)		1,305		1,299,920
4.50%, 02/09/29 (Call 01/09/29)(a)		1,275		1,267,702
4.70%, 02/27/33 (Call 11/27/32)		845		838,028
4.70%, 02/09/34 (Call 11/09/33)		1,275		1,258,584
4.88%, 02/27/53 (Call 08/27/52)(a)		1,922		1,859,166
4.95%, 02/27/63 (Call 08/27/62)		1,325		1,278,188
5.00%, 02/09/54 (Call 08/09/53)		980		965,358
5.10%, 02/09/64 (Call 08/09/63)		1,275		1,252,872
5.50%, 03/15/27		260		266,564
5.55%, 03/15/37		255		267,620
5.95%, 11/15/37(a)		370		398,970
EMD Finance LLC, 3.25%, 03/19/25
(Call 12/19/24)(b)		1,399		1,367,489
Evernorth Health Inc., 4.50%, 02/25/26
(Call 11/27/25)(a)		581		571,231
GlaxoSmithKline Capital Inc.
3.63%, 05/15/25		1,038		1,019,949
3.88%, 05/15/28(a)		2,644		2,557,212
4.20%, 03/18/43		870		765,058
5.38%, 04/15/34(a)		975		1,028,973
6.38%, 05/15/38		3,543		3,969,839
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29
(Call 03/01/29)		1,004		943,546
Johnson & Johnson
0.55%, 09/01/25 (Call 08/01/25)(a)		1,372		1,287,182
0.95%, 09/01/27 (Call 07/01/27)		2,421		2,142,163
1.30%, 09/01/30 (Call 06/01/30)		1,876		1,535,968
2.10%, 09/01/40 (Call 03/01/40)		1,265		859,687
2.25%, 09/01/50 (Call 03/01/50)(a)		900		555,569
2.45%, 03/01/26 (Call 12/01/25)		2,623		2,510,053
2.45%, 09/01/60 (Call 03/01/60)(a)		1,343		792,659
2.90%, 01/15/28 (Call 10/15/27)		1,380		1,305,747
2.95%, 03/03/27 (Call 12/03/26)		1,738		1,662,421
3.40%, 01/15/38 (Call 07/15/37)		1,431		1,214,576
3.50%, 01/15/48 (Call 07/15/47)(a)		839		663,119
3.55%, 03/01/36 (Call 09/01/35)		1,651		1,461,807
3.63%, 03/03/37 (Call 09/03/36)		1,072		947,357
3.70%, 03/01/46 (Call 09/01/45)		2,591		2,127,560
3.75%, 03/03/47 (Call 09/03/46)		1,613		1,327,535
4.38%, 12/05/33 (Call 06/05/33)(a)		1,407		1,389,923
4.50%, 09/01/40(a)		555		527,838
4.50%, 12/05/43 (Call 06/05/43)(a)		985		926,862
4.85%, 05/15/41(a)		419		412,495
4.95%, 05/15/33(a)		586		608,155
5.85%, 07/15/38(a)		916		1,007,200
5.95%, 08/15/37		1,312		1,448,332
6.95%, 09/01/29		430		482,579
McKesson Corp.
0.90%, 12/03/25 (Call 11/03/25)		901		836,238
1.30%, 08/15/26 (Call 07/15/26)		1,040		949,309
3.95%, 02/16/28 (Call 11/16/27)		532		516,706
4.88%, 03/15/44 (Call 09/15/43)(a)		652		576,426
4.90%, 07/15/28 (Call 06/15/28)		450		450,065
5.10%, 07/15/33 (Call 04/15/33)		340		338,902

Security	Par (000)		Value
Pharmaceuticals (continued)
5.25%, 02/15/26 (Call 04/01/24)	$	370	$	370,004
Mead Johnson Nutrition Co.
4.13%, 11/15/25 (Call 08/15/25)		1,173		1,151,230
4.60%, 06/01/44 (Call 12/01/43)(a)		530		470,915
5.90%, 11/01/39		295		307,066
Merck & Co. Inc.
0.75%, 02/24/26 (Call 01/24/26)		1,698		1,569,685
1.45%, 06/24/30 (Call 03/24/30)		650		531,363
1.70%, 06/10/27 (Call 05/10/27)		2,164		1,960,311
1.90%, 12/10/28 (Call 10/10/28)(a)		1,557		1,374,163
2.15%, 12/10/31 (Call 09/10/31)		3,360		2,783,368
2.35%, 06/24/40 (Call 12/24/39)		598		414,605
2.45%, 06/24/50 (Call 12/24/49)(a)		2,026		1,248,411
2.75%, 12/10/51 (Call 06/10/51)		2,853		1,840,249
2.90%, 12/10/61 (Call 06/10/61)(a)		2,010		1,249,060
3.40%, 03/07/29 (Call 12/07/28)		2,648		2,486,495
3.60%, 09/15/42 (Call 03/15/42)		882		715,987
3.70%, 02/10/45 (Call 08/10/44)		2,276		1,842,132
3.90%, 03/07/39 (Call 09/07/38)		1,621		1,421,993
4.00%, 03/07/49 (Call 09/07/48)		1,722		1,437,547
4.05%, 05/17/28 (Call 04/17/28)		350		343,061
4.15%, 05/18/43		1,854		1,618,658
4.30%, 05/17/30 (Call 03/17/30)(a)		1,480		1,440,820
4.50%, 05/17/33 (Call 02/17/33)		935		909,256
4.90%, 05/17/44 (Call 11/17/43)(a)		1,100		1,056,651
5.00%, 05/17/53 (Call 11/17/52)		1,895		1,836,609
5.15%, 05/17/63 (Call 11/17/62)		1,290		1,258,786
6.50%, 12/01/33(a)		1,225		1,380,739
6.55%, 09/15/37		520		582,573
Merck Sharp & Dohme Corp.
5.75%, 11/15/36		223		237,560
5.85%, 06/30/39		255		268,382
5.95%, 12/01/28		1,260		1,321,640
6.40%, 03/01/28		740		782,828
Mylan Inc.
4.55%, 04/15/28 (Call 01/15/28)(a)		1,214		1,170,529
5.20%, 04/15/48 (Call 10/15/47)		1,188		976,596
5.40%, 11/29/43 (Call 05/29/43)		641		555,290
Novartis Capital Corp.
2.00%, 02/14/27 (Call 12/14/26)		1,861		1,724,827
2.20%, 08/14/30 (Call 05/14/30)		2,314		1,989,460
2.75%, 08/14/50 (Call 02/14/50)(a)		1,841		1,226,229
3.00%, 11/20/25 (Call 08/20/25)		1,996		1,934,060
3.10%, 05/17/27 (Call 02/17/27)		1,665		1,585,301
3.70%, 09/21/42		1,078		894,072
4.00%, 11/20/45 (Call 05/20/45)		958		814,118
4.40%, 05/06/44		2,557		2,326,995
Pfizer Inc.
0.80%, 05/28/25 (Call 04/28/25)		959		910,305
1.70%, 05/28/30 (Call 02/28/30)		1,600		1,332,893
1.75%, 08/18/31 (Call 05/18/31)		1,423		1,148,665
2.55%, 05/28/40 (Call 11/28/39)		1,766		1,238,952
2.63%, 04/01/30 (Call 01/01/30)		1,988		1,758,813
2.70%, 05/28/50 (Call 11/28/49)(a)		1,999		1,319,604
2.75%, 06/03/26		1,812		1,734,308
3.00%, 12/15/26		2,202		2,100,266
3.45%, 03/15/29 (Call 12/15/28)		2,748		2,583,708
3.60%, 09/15/28 (Call 06/15/28)(a)		1,543		1,474,467
3.90%, 03/15/39 (Call 09/15/38)(a)		1,213		1,035,897
4.00%, 12/15/36		1,254		1,125,925
4.00%, 03/15/49 (Call 09/15/48)(a)		1,809		1,493,327

S C H E D U L E  O F  I N V E S T M E N T S 111

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
4.10%, 09/15/38 (Call 03/15/38)	$	1,283	$	1,141,913
4.13%, 12/15/46(a)		1,874		1,571,804
4.20%, 09/15/48 (Call 03/15/48)		1,626		1,385,328
4.30%, 06/15/43		1,246		1,093,828
4.40%, 05/15/44(a)		1,338		1,204,331
5.60%, 09/15/40		952		978,431
7.20%, 03/15/39		2,950		3,505,704
Pfizer Investment Enterprises Pte Ltd.
4.45%, 05/19/26 (Call 04/19/26)		3,880		3,831,458
4.45%, 05/19/28 (Call 04/19/28)		5,190		5,088,794
4.65%, 05/19/25		3,585		3,562,767
4.65%, 05/19/30 (Call 03/19/30)		3,330		3,275,582
4.75%, 05/19/33 (Call 02/19/33)		6,290		6,125,286
5.11%, 05/19/43 (Call 11/19/42)		2,960		2,846,778
5.30%, 05/19/53 (Call 11/19/52)(a)		7,840		7,669,065
5.34%, 05/19/63 (Call 11/19/62)		3,620		3,486,978
PRA Health Sciences Inc., 2.88%, 07/15/26
(Call 04/01/24)(b)		275		254,221
Sanofi SA, 3.63%, 06/19/28 (Call 03/19/28)		1,626		1,570,363
Shire Acquisitions Investments Ireland DAC,
3.20%, 09/23/26 (Call 06/23/26)		3,521		3,353,914
Takeda Pharmaceutical Co. Ltd.
2.05%, 03/31/30 (Call 12/31/29)		3,040		2,558,647
3.03%, 07/09/40 (Call 01/09/40)		2,085		1,553,094
3.18%, 07/09/50 (Call 01/09/50)		2,850		1,961,520
3.38%, 07/09/60 (Call 01/09/60)(a)		1,176		787,703
5.00%, 11/26/28 (Call 08/26/28)		2,483		2,478,907
Utah Acquisition Sub Inc.
3.95%, 06/15/26 (Call 03/15/26)		2,466		2,380,124
5.25%, 06/15/46 (Call 12/15/45)		1,401		1,144,698
Viatris Inc.
1.65%, 06/22/25 (Call 05/22/25)		1,170		1,110,409
2.30%, 06/22/27 (Call 04/22/27)		1,188		1,074,593
2.70%, 06/22/30 (Call 03/22/30)		1,538		1,295,390
3.85%, 06/22/40 (Call 12/22/39)		1,866		1,371,376
4.00%, 06/22/50 (Call 12/22/49)		2,563		1,749,450
Wyeth LLC
5.95%, 04/01/37		2,396		2,559,862
6.00%, 02/15/36(a)		930		995,117
6.50%, 02/01/34		1,143		1,258,332
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)		539		452,338
3.00%, 09/12/27 (Call 06/12/27)(a)		914		854,713
3.00%, 05/15/50 (Call 11/15/49)		751		515,121
3.90%, 08/20/28 (Call 05/20/28)(a)		1,104		1,061,134
3.95%, 09/12/47 (Call 03/12/47)		582		465,709
4.45%, 08/20/48 (Call 02/20/48)		334		292,854
4.50%, 11/13/25 (Call 08/13/25)(a)		1,302		1,286,079
4.70%, 02/01/43 (Call 08/01/42)		1,821		1,666,305
5.40%, 11/14/25 (Call 10/14/25)		615		616,129
5.60%, 11/16/32 (Call 08/16/32)(a)		710		733,513
				487,471,946
Pipelines — 3.5%
Abu Dhabi Crude Oil Pipeline LLC
3.65%, 11/02/29(b)		755		706,869
4.60%, 11/02/47(b)		2,545		2,259,960
Boardwalk Pipelines LP
3.40%, 02/15/31 (Call 11/15/30)		785		692,980
3.60%, 09/01/32 (Call 06/01/32)(a)		855		743,326
4.45%, 07/15/27 (Call 04/15/27)		993		967,801
4.80%, 05/03/29 (Call 02/03/29)(a)		770		749,302

Security	Par (000)		Value
Pipelines (continued)
5.63%, 08/01/34 (Call 05/01/34)	$	450	$	446,387
5.95%, 06/01/26 (Call 03/01/26)		1,251		1,260,840
Cameron LNG LLC
2.90%, 07/15/31 (Call 04/15/31)(b)		1,385		1,193,175
3.30%, 01/15/35 (Call 09/15/34)(b)		1,085		897,315
3.40%, 01/15/38 (Call 07/15/37)(b)		1,215		996,666
3.70%, 01/15/39 (Call 07/15/38)(b)		1,270		1,041,845
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39 (Call 07/04/39)(a)		995		777,707
3.70%, 11/15/29 (Call 05/18/29)		1,151		1,061,457
5.13%, 06/30/27 (Call 01/01/27)		2,004		1,994,902
5.88%, 03/31/25 (Call 10/02/24)		2,026		2,025,950
Cheniere Energy Inc., 4.63%, 10/15/28
(Call 03/11/24)		685		657,518
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)(a)		1,558		1,302,165
4.00%, 03/01/31 (Call 03/01/26)		1,955		1,743,573
4.50%, 10/01/29 (Call 10/01/24)(a)		1,545		1,447,147
5.95%, 06/30/33 (Call 12/30/32)		1,711		1,722,236
Colonial Enterprises Inc., 3.25%, 05/15/30
(Call 02/15/30)(b)		1,057		941,427
Colonial Pipeline Co.
3.75%, 10/01/25 (Call 07/01/25)(b)		360		350,992
4.20%, 04/15/43 (Call 10/15/42)(a)(b)		50		41,842
4.25%, 04/15/48 (Call 10/15/47)(a)(b)		805		663,485
7.63%, 04/15/32(b)		205		231,852
Colorado Interstate Gas Co. LLC/Colorado Interstate Issuing Corp., 4.15%, 08/15/26 (Call 05/15/26)(a)(b)		481		464,567
Columbia Pipeline Group Inc.
4.50%, 06/01/25 (Call 03/01/25)		1,408		1,387,626
5.80%, 06/01/45 (Call 12/01/44)		740		716,299
Columbia Pipelines Holding Co. LLC
5.68%, 01/15/34 (Call 10/15/33)(a)(b)		165		161,822
6.04%, 08/15/28 (Call 07/15/28)(b)		1,415		1,441,120
6.06%, 08/15/26 (Call 07/15/26)(b)		705		713,464
Columbia Pipelines Operating Co. LLC
5.93%, 08/15/30 (Call 06/15/30)(a)(b)		910		926,929
6.04%, 11/15/33 (Call 08/15/33)(a)(b)		2,075		2,130,614
6.50%, 08/15/43 (Call 02/15/43)(b)		1,020		1,079,372
6.54%, 11/15/53 (Call 05/15/53)(b)		1,630		1,736,396
6.71%, 08/15/63 (Call 02/15/63)(b)		800		866,282
DCP Midstream Operating LP
3.25%, 02/15/32 (Call 08/15/31)(a)		640		545,491
5.13%, 05/15/29 (Call 02/15/29)		780		770,267
5.38%, 07/15/25 (Call 04/15/25)		320		319,287
5.60%, 04/01/44 (Call 10/01/43)		855		814,225
5.63%, 07/15/27 (Call 04/15/27)		1,035		1,038,485
6.45%, 11/03/36(b)		680		700,525
6.75%, 09/15/37(b)		855		910,127
8.13%, 08/16/30(a)		175		199,411
DT Midstream Inc., 4.30%, 04/15/32
(Call 01/15/32)(b)		1,080		960,271
Eastern Gas Transmission & Storage Inc.
3.00%, 11/15/29 (Call 08/15/29)		899		800,006
3.90%, 11/15/49 (Call 05/15/49)		426		309,990
4.60%, 12/15/44 (Call 06/15/44)		679		579,643
4.80%, 11/01/43 (Call 05/01/43)		357		314,432
EIG Pearl Holdings Sarl
3.55%, 08/31/36(b)		420		356,580
4.39%, 11/30/46(b)		460		354,114

112 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
El Paso Natural Gas Co. LLC
3.50%, 02/15/32 (Call 11/15/31)(b)	$	565	$	475,940
8.38%, 06/15/32		535		617,115
Enbridge Energy Partners LP
5.50%, 09/15/40 (Call 03/15/40)(a)		569		552,631
5.88%, 10/15/25 (Call 07/15/25)		524		527,416
7.38%, 10/15/45 (Call 04/15/45)		917		1,055,681
Series B, 7.50%, 04/15/38		710		821,180
Enbridge Inc.
1.60%, 10/04/26 (Call 09/04/26)		492		449,758
2.50%, 08/01/33 (Call 05/01/33)(a)		1,520		1,201,411
3.13%, 11/15/29 (Call 08/15/29)		1,520		1,371,895
3.40%, 08/01/51 (Call 02/01/51)(a)		1,370		957,484
3.70%, 07/15/27 (Call 04/15/27)(a)		1,775		1,696,512
4.00%, 11/15/49 (Call 05/15/49)		825		635,395
4.25%, 12/01/26 (Call 09/01/26)		799		781,826
4.50%, 06/10/44 (Call 12/10/43)		969		804,709
5.50%, 12/01/46 (Call 06/01/46)		712		688,444
5.50%, 07/15/77 (Call 07/15/27), (3-mo. SOFR + 3.680%)(a)(d)		975		906,529
5.70%, 03/08/33 (Call 12/08/32)		2,755		2,786,082
5.90%, 11/15/26 (Call 10/15/26)(a)		975		993,226
5.97%, 03/08/26 (Call 03/08/24)(a)		460		459,877
6.00%, 11/15/28 (Call 10/15/28)(a)		720		745,642
6.20%, 11/15/30 (Call 09/15/30)		590		618,520
6.25%, 03/01/78 (Call 03/01/28),
(3-mo. SOFR + 3.903%)(d)		1,141		1,089,006
6.70%, 11/15/53 (Call 05/15/53)(a)		1,680		1,877,950
7.38%, 01/15/83 (Call 10/15/27),
(5-year CMT + 3.708%)(d)		390		390,819
7.63%, 01/15/83 (Call 10/15/32),
(5-year CMT + 4.418%)(d)		65		65,827
8.25%, 01/15/84 (Call 10/15/28),
(5-year CMT + 3.785%)(d)		550		570,555
8.50%, 01/15/84 (Call 10/15/33),
(5-year CMT + 4.431%)(a)(d)		515		549,154
Series 16-A, 6.00%, 01/15/77
(Call 01/15/27),
(3-mo. SOFR + 4.152%)(a)(d)		782		759,839
Series 20-A, 5.75%, 07/15/80
(Call 04/15/30), (5-year CMT + 5.314%)(d)		883		823,572
Energy Transfer LP
2.90%, 05/15/25 (Call 04/15/25)		1,409		1,364,291
3.75%, 05/15/30 (Call 02/15/30)(a)		1,490		1,358,904
3.90%, 07/15/26 (Call 04/15/26)		934		904,119
4.00%, 10/01/27 (Call 07/01/27)		1,174		1,123,665
4.05%, 03/15/25 (Call 12/15/24)		863		849,150
4.15%, 09/15/29 (Call 06/15/29)		773		729,766
4.20%, 04/15/27 (Call 01/15/27)		692		671,276
4.40%, 03/15/27 (Call 12/15/26)		1,137		1,108,081
4.75%, 01/15/26 (Call 10/15/25)(a)		1,504		1,486,602
4.90%, 03/15/35 (Call 09/15/34)		868		809,341
4.95%, 05/15/28 (Call 02/15/28)		1,137		1,122,118
4.95%, 06/15/28 (Call 03/15/28)		1,450		1,428,167
4.95%, 01/15/43 (Call 07/15/42)		604		519,474
5.00%, 05/15/44 (Call 11/15/43)		595		516,251
5.00%, 05/15/50 (Call 11/15/49)(a)		2,565		2,211,255
5.15%, 02/01/43 (Call 08/01/42)		668		588,402
5.15%, 03/15/45 (Call 09/15/44)		1,390		1,240,079
5.25%, 04/15/29 (Call 01/15/29)		2,100		2,091,897
5.30%, 04/01/44 (Call 10/01/43)		918		831,959

Security	Par (000)		Value
Pipelines (continued)
5.30%, 04/15/47 (Call 10/15/46)	$	1,195	$	1,070,298
5.35%, 05/15/45 (Call 11/15/44)		1,166		1,060,064
5.40%, 10/01/47 (Call 04/01/47)		1,946		1,765,035
5.50%, 06/01/27 (Call 03/01/27)(a)		1,528		1,533,237
5.55%, 02/15/28 (Call 01/15/28)		1,035		1,042,985
5.55%, 05/15/34 (Call 02/15/34)(a)		685		677,738
5.63%, 05/01/27 (Call 03/18/24)(b)		295		292,351
5.75%, 04/01/25 (Call 04/01/24)		30		29,951
5.75%, 02/15/33 (Call 11/15/32)		1,630		1,641,240
5.95%, 12/01/25 (Call 09/01/25)		26		26,156
5.95%, 10/01/43 (Call 04/01/43)		682		663,179
5.95%, 05/15/54 (Call 11/15/53)		1,485		1,449,318
6.00%, 02/01/29 (Call 04/01/24)(a)(b)		425		426,173
6.00%, 06/15/48 (Call 12/15/47)		1,325		1,298,701
6.05%, 12/01/26 (Call 11/01/26)		1,550		1,577,440
6.05%, 06/01/41 (Call 12/01/40)		782		774,786
6.10%, 12/01/28 (Call 11/01/28)		705		728,735
6.10%, 02/15/42		452		447,020
6.13%, 12/15/45 (Call 06/15/45)		1,380		1,371,238
6.25%, 04/15/49 (Call 10/15/48)		2,251		2,272,749
6.40%, 12/01/30 (Call 10/01/30)		1,370		1,437,577
6.50%, 02/01/42 (Call 08/01/41)		1,375		1,440,884
6.55%, 12/01/33 (Call 09/01/33)		1,830		1,941,081
6.63%, 10/15/36		545		570,191
6.85%, 02/15/40(a)		170		175,437
7.38%, 02/01/31 (Call 02/01/26)(a)(b)		480		502,248
7.50%, 07/01/38		475		538,055
8.00%, 04/01/29 (Call 04/01/24)(b)		250		259,315
8.25%, 11/15/29 (Call 08/15/29)		659		747,340
Series 20Y, 5.80%, 06/15/38 (Call 12/15/37)(a)		745		736,566
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)		1,583		1,405,572
3.13%, 07/31/29 (Call 04/30/29)		1,529		1,398,840
3.20%, 02/15/52 (Call 08/15/51)(a)		1,379		942,852
3.30%, 02/15/53 (Call 08/15/52)(a)		1,247		868,169
3.70%, 02/15/26 (Call 11/15/25)		1,531		1,493,164
3.70%, 01/31/51 (Call 07/31/50)		1,766		1,328,277
3.95%, 02/15/27 (Call 11/15/26)		1,080		1,053,887
3.95%, 01/31/60 (Call 07/31/59)		1,426		1,085,092
4.15%, 10/16/28 (Call 07/16/28)		1,572		1,517,203
4.20%, 01/31/50 (Call 07/31/49)		1,929		1,592,677
4.25%, 02/15/48 (Call 08/15/47)		1,702		1,423,817
4.45%, 02/15/43 (Call 08/15/42)		1,549		1,352,676
4.60%, 01/11/27 (Call 12/11/26)		770		764,421
4.80%, 02/01/49 (Call 08/01/48)(a)		1,630		1,476,707
4.85%, 01/31/34 (Call 10/31/33)		735		715,936
4.85%, 08/15/42 (Call 02/15/42)		975		891,854
4.85%, 03/15/44 (Call 09/15/43)		1,546		1,418,321
4.90%, 05/15/46 (Call 11/15/45)		725		662,097
4.95%, 10/15/54 (Call 04/15/54)		577		526,174
5.05%, 01/10/26		1,355		1,354,069
5.10%, 02/15/45 (Call 08/15/44)		1,636		1,536,760
5.35%, 01/31/33 (Call 10/31/32)		1,440		1,459,172
5.38%, 02/15/78 (Call 02/15/28),
(3-mo. SOFR + 2.832%)(a)(d)		898		830,126
5.70%, 02/15/42(a)		892		902,294
5.95%, 02/01/41		755		791,234
6.13%, 10/15/39		912		961,610
6.45%, 09/01/40(a)		530		577,555
7.55%, 04/15/38		645		767,303

S C H E D U L E  O F  I N V E S T M E N T S 113

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
Series D, 6.88%, 03/01/33	$	752	$	838,076
Series E, 5.25%, 08/16/77 (Call 08/16/27), (3-mo. SOFR + 3.295%)(d)		1,081		1,025,471
Series H, 6.65%, 10/15/34		655		723,266
Series J, 5.75%, 03/01/35		290		291,966
Fermaca Enterprises S de RL de CV, 6.38%, 03/30/38 (Call 09/30/37)(b)		308		297,602
Flex Intermediate Holdco LLC
3.36%, 06/30/31 (Call 12/30/30)(b)		1,200		975,700
4.32%, 12/30/39 (Call 06/30/39)(b)		945		683,123
FLNG Liquefaction 2 LLC, 4.13%, 03/31/38(b)		852		739,644
Florida Gas Transmission Co. LLC
2.30%, 10/01/31 (Call 07/01/31)(b)		1,135		909,574
2.55%, 07/01/30 (Call 04/01/30)(a)(b)		1,010		852,617
4.35%, 07/15/25 (Call 04/15/25)(b)		840		824,168
Galaxy Pipeline Assets Bidco Ltd.
1.75%, 09/30/27(b)		162		151,336
2.16%, 03/31/34(b)		2,098		1,797,314
2.63%, 03/31/36(b)		100		81,006
2.94%, 09/30/40(b)		131		104,015
3.25%, 09/30/40(b)		1,345		1,015,311
GNL Quintero SA, 4.63%, 07/31/29(b)		482		473,285
Gray Oak Pipeline LLC
2.60%, 10/15/25 (Call 09/15/25)(b)		802		762,987
3.45%, 10/15/27 (Call 08/15/27)(a)(b)		755		703,360
Greensaif Pipelines Bidco Sarl
6.13%, 02/23/38(a)(b)		1,055		1,071,483
6.51%, 02/23/42(b)		1,000		1,030,613
Gulfstream Natural Gas System LLC
4.60%, 09/15/25 (Call 06/15/25)(b)		480		471,571
5.95%, 10/15/45 (Call 04/15/45)(b)		489		440,747
6.19%, 11/01/25(b)		860		862,988
Kinder Morgan Energy Partners LP
4.70%, 11/01/42 (Call 05/01/42)		654		550,177
5.00%, 08/15/42 (Call 02/15/42)(a)		763		663,755
5.00%, 03/01/43 (Call 09/01/42)		890		779,105
5.40%, 09/01/44 (Call 03/01/44)		710		648,351
5.50%, 03/01/44 (Call 09/01/43)		1,003		927,707
5.63%, 09/01/41		569		535,218
5.80%, 03/15/35		605		608,075
6.38%, 03/01/41		825		838,899
6.50%, 02/01/37		883		909,622
6.50%, 09/01/39		797		820,121
6.55%, 09/15/40(a)		574		593,446
6.95%, 01/15/38		1,285		1,391,261
7.30%, 08/15/33		915		1,015,827
7.40%, 03/15/31(a)		384		425,087
7.50%, 11/15/40		561		625,107
7.75%, 03/15/32		422		471,220
Kinder Morgan Inc.
1.75%, 11/15/26 (Call 10/15/26)		170		155,259
2.00%, 02/15/31 (Call 11/15/30)		830		673,210
3.25%, 08/01/50 (Call 02/01/50)(a)		750		486,046
3.60%, 02/15/51 (Call 08/15/50)(a)		1,201		824,274
4.30%, 06/01/25 (Call 03/01/25)		1,780		1,754,024
4.30%, 03/01/28 (Call 12/01/27)(a)		1,357		1,316,253
4.80%, 02/01/33 (Call 11/01/32)		843		795,644
5.00%, 02/01/29 (Call 01/01/29)		1,010		1,001,150
5.05%, 02/15/46 (Call 08/15/45)		396		345,413
5.20%, 06/01/33 (Call 03/01/33)		1,160		1,129,354
5.20%, 03/01/48 (Call 09/01/47)		956		849,539

Security	Par (000)		Value
Pipelines (continued)
5.30%, 12/01/34 (Call 06/01/34)(a)	$	997	$	971,839
5.40%, 02/01/34 (Call 11/01/33)(a)		1,275		1,253,724
5.45%, 08/01/52 (Call 02/01/52)(a)		1,005		924,758
5.55%, 06/01/45 (Call 12/01/44)		2,263		2,124,637
7.75%, 01/15/32		1,386		1,560,632
7.80%, 08/01/31		893		1,000,628
Magellan Midstream Partners LP
3.95%, 03/01/50 (Call 09/01/49)		700		512,950
5.00%, 03/01/26 (Call 12/01/25)		1,063		1,054,875
Midwest Connector Capital Co. LLC, 4.63%, 04/01/29 (Call 01/01/29)(b)		710		684,096
MPLX LP
1.75%, 03/01/26 (Call 02/01/26)		2,288		2,134,495
2.65%, 08/15/30 (Call 05/15/30)		1,955		1,664,530
4.00%, 03/15/28 (Call 12/15/27)		1,817		1,742,144
4.13%, 03/01/27 (Call 12/01/26)		1,757		1,703,667
4.25%, 12/01/27 (Call 09/01/27)		1,202		1,163,314
4.50%, 04/15/38 (Call 10/15/37)		2,382		2,073,107
4.70%, 04/15/48 (Call 10/15/47)		2,030		1,700,799
4.80%, 02/15/29 (Call 11/15/28)		1,121		1,097,834
4.88%, 06/01/25 (Call 03/01/25)		1,180		1,169,438
4.90%, 04/15/58 (Call 10/15/57)(a)		518		428,215
4.95%, 09/01/32 (Call 06/01/32)		1,190		1,139,754
4.95%, 03/14/52 (Call 09/14/51)		2,128		1,826,314
5.00%, 03/01/33 (Call 12/01/32)		1,175		1,123,899
5.20%, 03/01/47 (Call 09/01/46)		1,366		1,225,735
5.20%, 12/01/47 (Call 06/01/47)		876		783,720
5.50%, 02/15/49 (Call 08/15/48)		2,090		1,957,306
5.65%, 03/01/53 (Call 09/01/52)		490		465,956
NGPL PipeCo LLC
3.25%, 07/15/31 (Call 04/15/31)(a)(b)		460		392,514
4.88%, 08/15/27 (Call 02/15/27)(b)		1,346		1,313,879
7.77%, 12/15/37(b)		617		682,733
Northern Natural Gas Co.
3.40%, 10/16/51 (Call 04/16/51)(b)		745		514,192
4.10%, 09/15/42 (Call 03/15/42)(b)		585		452,092
4.30%, 01/15/49 (Call 07/15/48)(b)		1,150		945,353
5.63%, 02/01/54 (Call 08/01/53)(a)(b)		625		633,018
Northwest Pipeline LLC, 4.00%, 04/01/27
(Call 01/01/27)		595		577,441
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		515		489,954
3.10%, 03/15/30 (Call 12/15/29)		950		842,650
3.20%, 03/15/25		555		539,861
3.25%, 06/01/30		750		670,704
3.40%, 09/01/29 (Call 06/01/29)		661		603,564
4.00%, 07/13/27 (Call 04/13/27)		655		631,477
4.20%, 12/01/42 (Call 06/01/42)		186		144,513
4.20%, 03/15/45(a)		355		263,574
4.20%, 10/03/47 (Call 04/03/47)		952		729,938
4.25%, 09/15/46		745		580,500
4.35%, 03/15/29 (Call 12/15/28)(a)		1,119		1,077,184
4.45%, 09/01/49 (Call 03/01/49)(a)		675		539,903
4.50%, 03/15/50 (Call 09/15/49)(a)		685		549,032
4.55%, 07/15/28 (Call 04/15/28)		1,109		1,083,406
4.85%, 02/01/49(a)		740		632,186
4.95%, 07/13/47 (Call 01/06/47)		1,179		1,017,380
5.15%, 10/15/43(a)		601		541,878
5.20%, 07/15/48 (Call 01/15/48)		1,359		1,227,573
5.55%, 11/01/26 (Call 10/01/26)		1,320		1,329,820
5.65%, 11/01/28 (Call 10/01/28)(a)		1,279		1,301,147

114 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
5.80%, 11/01/30 (Call 09/01/30)	$	780	$	797,908
5.85%, 01/15/26 (Call 12/15/25)(a)		1,025		1,034,109
6.00%, 06/15/35(a)		695		701,378
6.05%, 09/01/33 (Call 06/01/33)		1,630		1,679,874
6.10%, 11/15/32 (Call 08/15/32)		1,035		1,073,026
6.35%, 01/15/31 (Call 10/15/30)		861		901,882
6.40%, 05/01/37(a)		395		399,671
6.63%, 09/01/53 (Call 03/01/53)(a)		1,645		1,767,763
7.15%, 01/15/51 (Call 07/15/50)		724		807,982
ONEOK Partners LP
4.90%, 03/15/25 (Call 12/15/24)		802		795,874
6.13%, 02/01/41 (Call 08/01/40)		709		720,310
6.20%, 09/15/43 (Call 03/15/43)(a)		320		326,473
6.65%, 10/01/36		754		798,885
6.85%, 10/15/37		670		717,902
Pipeline Funding Co. LLC, 7.50%, 01/15/30(a)(b)		335		348,140
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)		1,412		1,281,077
3.80%, 09/15/30 (Call 06/15/30)(a)		1,045		952,334
4.30%, 01/31/43 (Call 07/31/42)		469		369,835
4.50%, 12/15/26 (Call 09/15/26)(a)		1,110		1,088,696
4.65%, 10/15/25 (Call 07/15/25)		1,454		1,434,932
4.70%, 06/15/44 (Call 12/15/43)(a)		689		570,732
4.90%, 02/15/45 (Call 08/15/44)		779		656,035
5.15%, 06/01/42 (Call 12/01/41)		1,067		940,881
6.65%, 01/15/37(a)		765		809,688
QazaqGaz NC JSC, 4.38%, 09/26/27(b)		310		288,765
Sabal Trail Transmission LLC
4.25%, 05/01/28 (Call 02/01/28)(a)(b)		1,375		1,319,876
4.68%, 05/01/38 (Call 11/01/37)(a)(b)		637		575,955
4.83%, 05/01/48 (Call 11/01/47)(b)		625		532,615
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		2,096		2,021,941
4.50%, 05/15/30 (Call 11/15/29)(a)		2,771		2,651,607
5.00%, 03/15/27 (Call 09/15/26)		1,805		1,791,560
5.63%, 03/01/25 (Call 12/01/24)		2,559		2,555,460
5.88%, 06/30/26 (Call 12/31/25)		2,178		2,195,652
5.90%, 09/15/37 (Call 03/15/37)		840		870,037
Southern Natural Gas Co. LLC
4.80%, 03/15/47 (Call 09/15/46)(b)		1,098		892,756
8.00%, 03/01/32(a)		437		496,378
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		950		907,967
3.50%, 03/15/25 (Call 12/15/24)		835		818,403
4.50%, 03/15/45 (Call 09/15/44)		1,034		867,328
5.95%, 09/25/43 (Call 03/25/43)		563		559,433
Targa Resources Corp.
4.20%, 02/01/33 (Call 11/01/32)		1,165		1,048,627
4.95%, 04/15/52 (Call 10/15/51)		1,070		915,435
5.20%, 07/01/27 (Call 06/01/27)		1,490		1,482,625
6.13%, 03/15/33 (Call 12/15/32)		760		782,464
6.15%, 03/01/29 (Call 02/01/29)		490		505,036
6.25%, 07/01/52 (Call 01/01/52)(a)		788		798,436
6.50%, 03/30/34 (Call 12/30/33)		795		841,990
6.50%, 02/15/53 (Call 08/15/52)		1,205		1,263,413
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)(a)		1,492		1,331,394
4.88%, 02/01/31 (Call 02/01/26)		1,481		1,403,153
5.00%, 01/15/28 (Call 04/01/24)		828		809,772

Security	Par (000)		Value
Pipelines (continued)
5.50%, 03/01/30 (Call 03/01/25)	$	1,404	$	1,390,395
6.50%, 07/15/27 (Call 04/01/24)		1,283		1,296,320
6.88%, 01/15/29 (Call 04/01/24)		670		690,274
TC PipeLines LP
3.90%, 05/25/27 (Call 02/25/27)		1,211		1,155,143
4.38%, 03/13/25 (Call 12/13/24)		663		653,283
Tennessee Gas Pipeline Co. LLC
2.90%, 03/01/30 (Call 12/01/29)(b)		1,641		1,425,689
7.00%, 03/15/27		515		541,162
7.00%, 10/15/28(a)		1,058		1,130,551
7.63%, 04/01/37		285		320,994
Texas Eastern Transmission LP
3.50%, 01/15/28 (Call 10/15/27)(b)		755		707,706
4.15%, 01/15/48 (Call 07/15/47)(a)(b)		630		507,477
7.00%, 07/15/32		705		780,673
TMS Issuer Sarl, 5.78%, 08/23/32(b)		1,060		1,085,803
TransCanada PipeLines Ltd.
2.50%, 10/12/31 (Call 07/12/31)		1,575		1,290,903
4.10%, 04/15/30 (Call 01/15/30)		1,636		1,531,012
4.25%, 05/15/28 (Call 02/15/28)		1,890		1,820,690
4.63%, 03/01/34 (Call 12/01/33)		1,090		1,010,373
4.75%, 05/15/38 (Call 11/15/37)(a)		300		270,916
4.88%, 01/15/26 (Call 10/15/25)		1,947		1,931,560
4.88%, 05/15/48 (Call 11/15/47)		1,372		1,197,107
5.00%, 10/16/43 (Call 04/16/43)		968		864,805
5.10%, 03/15/49 (Call 09/15/48)(a)		1,459		1,341,505
5.60%, 03/31/34		530		529,885
5.85%, 03/15/36		619		618,552
6.10%, 06/01/40		985		1,005,082
6.20%, 03/09/26 (Call 03/18/24)		1,560		1,560,022
6.20%, 10/15/37		1,705		1,750,788
7.25%, 08/15/38		1,015		1,135,522
7.63%, 01/15/39		1,315		1,535,416
Transcanada Trust
5.30%, 03/15/77 (Call 03/15/27), (3 mo. LIBOR US + 3.208%)(a)(d)		1,622		1,491,451
5.50%, 09/15/79 (Call 09/15/29), (1-day SOFR + 4.416%)(a)(d)		1,084		969,290
5.60%, 03/07/82 (Call 12/07/31), (5-year CMT + 3.986%)(a)(d)		975		853,145
5.63%, 05/20/75 (Call 05/20/25), (3-mo. LIBOR US + 3.528%)(d)		499		482,928
Series 16-A, 5.88%, 08/15/76 (Call 08/15/26), (3 mo. LIBOR US + 4.640%)(d)		935		896,722
Transcontinental Gas Pipe Line Co. LLC
3.25%, 05/15/30 (Call 02/15/30)		1,261		1,134,264
3.95%, 05/15/50 (Call 11/15/49)		700		544,207
4.00%, 03/15/28 (Call 12/15/27)		763		732,642
4.45%, 08/01/42 (Call 02/01/42)(a)		476		412,009
4.60%, 03/15/48 (Call 09/15/47)		806		707,027
5.40%, 08/15/41 (Call 02/15/41)		555		540,908
7.85%, 02/01/26 (Call 11/01/25)		1,695		1,761,099
Transportadora de Gas Internacional SA ESP,
5.55%, 11/01/28 (Call 08/01/28)(b)		510		502,649
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27)(a)		464		451,280
Western Midstream Operating LP
3.95%, 06/01/25 (Call 03/01/25)		225		219,495
4.05%, 02/01/30 (Call 11/01/29)		1,180		1,090,868
4.50%, 03/01/28 (Call 12/01/27)		365		348,903

S C H E D U L E  O F  I N V E S T M E N T S 115

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
4.65%, 07/01/26 (Call 04/01/26)	$	330	$	322,849
4.75%, 08/15/28 (Call 05/15/28)		1,000		965,553
5.25%, 02/01/50 (Call 08/01/49)		1,035		915,618
5.30%, 03/01/48 (Call 09/01/47)		1,060		913,499
5.45%, 04/01/44 (Call 10/01/43)(a)		855		766,354
5.50%, 08/15/48 (Call 02/15/48)		760		667,796
6.15%, 04/01/33 (Call 01/01/33)		545		553,842
6.35%, 01/15/29 (Call 12/15/28)		410		423,214
Williams Companies Inc. (The)
2.60%, 03/15/31 (Call 12/15/30)		1,740		1,467,221
3.50%, 11/15/30 (Call 08/15/30)		1,192		1,075,715
3.50%, 10/15/51 (Call 04/15/51)(a)		860		597,376
3.75%, 06/15/27 (Call 03/15/27)		2,027		1,939,828
4.00%, 09/15/25 (Call 06/15/25)		1,022		1,002,090
4.65%, 08/15/32 (Call 05/15/32)		1,015		965,607
4.85%, 03/01/48 (Call 09/01/47)		1,221		1,075,321
4.90%, 03/15/29 (Call 02/15/29)		875		863,277
4.90%, 01/15/45 (Call 07/15/44)		617		544,142
5.10%, 09/15/45 (Call 03/15/45)		1,389		1,267,152
5.15%, 03/15/34 (Call 12/15/33)		1,060		1,034,944
5.30%, 08/15/28 (Call 07/15/28)		1,325		1,334,638
5.30%, 08/15/52 (Call 02/15/52)(a)		820		767,250
5.40%, 03/02/26		420		420,977
5.40%, 03/04/44 (Call 09/04/43)		696		652,174
5.65%, 03/15/33 (Call 12/15/32)		920		935,506
5.75%, 06/24/44 (Call 12/24/43)		110		107,903
5.80%, 11/15/43 (Call 05/15/43)		550		538,982
6.30%, 04/15/40		1,717		1,786,748
7.75%, 06/15/31(a)		552		605,533
8.75%, 03/15/32(a)		653		778,192
Series A, 7.50%, 01/15/31		447		496,456
				366,903,719
Private Equity — 0.1%
Apollo Management Holdings LP
2.65%, 06/05/30 (Call 03/05/30)(a)(b)		894		760,213
4.40%, 05/27/26 (Call 02/27/26)(b)		873		851,201
4.87%, 02/15/29 (Call 11/15/28)(a)(b)		1,035		1,020,508
5.00%, 03/15/48 (Call 09/15/47)(a)(b)		590		534,463
Carlyle Finance LLC, 5.65%, 09/15/48 (Call 03/15/48)(a)(b)		630		591,304
Carlyle Finance Subsidiary LLC, 3.50%, 09/19/29 (Call 06/19/29)(a)(b)		818		753,161
Carlyle Holdings II Finance LLC, 5.63%, 03/30/43(a)(b)		753		716,622
KKR Group Finance Co. III LLC, 5.13%, 06/01/44 (Call 12/01/43)(a)(b)		888		808,757
KKR Group Finance Co. VI LLC, 3.75%, 07/01/29 (Call 04/01/29)(a)(b)		1,293		1,197,884
KKR Group Finance Co. VII LLC, 3.63%, 02/25/50 (Call 08/25/49)(a)(b)		825		580,584
KKR Group Finance Co. VIII LLC, 3.50%, 08/25/50 (Call 02/25/50)(a)(b)		1,265		866,401
KKR Group Finance Co. X LLC, 3.25%, 12/15/51 (Call 06/15/51)(a)(b)		470		314,686
				8,995,784
Real Estate — 0.2%
American Homes 4 Rent LP, 5.50%, 02/01/34 (Call 11/01/33)		500		490,343
AvalonBay Communities Inc., 5.30%, 12/07/33 (Call 09/07/33)(a)		690		691,929

Security	Par (000)		Value
Real Estate (continued)
Brixmor Operating Partnership LP, 5.50%, 02/15/34 (Call 11/15/33)	$	295	$	287,183
Brookfield Corp., 7.38%, 03/01/33(a)		200		215,256
Camden Property Trust, 4.90%, 01/15/34 (Call 10/15/33)(a)		395		379,939
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)(a)		887		730,096
4.88%, 03/01/26 (Call 12/01/25)(a)		1,226		1,212,331
5.95%, 08/15/34 (Call 05/15/34)		750		756,879
Corp. Inmobiliaria Vesta SAB de CV, 3.63%, 05/13/31 (Call 02/13/31)(b)		280		237,094
Essential Properties LP, 2.95%, 07/15/31 (Call 04/15/31)		562		440,246
GAIF Bond Issuer Pty. Ltd., 3.40%, 09/30/26 (Call 06/30/26)(b)		1,249		1,188,976
Jones Lang LaSalle Inc., 6.88%, 12/01/28 (Call 11/01/28)		180		189,281
Kilroy Realty LP, 6.25%, 01/15/36 (Call 10/15/35)(a)		200		192,542
Kite Realty Group LP, 5.50%, 03/01/34 (Call 12/01/33)		5		4,886
Mid-America Apartments LP, 5.00%, 03/15/34 (Call 12/15/33)		250		243,277
Mitsui Fudosan Co. Ltd.
2.57%, 01/21/32 (Call 10/21/31)(b)		375		308,786
3.95%, 01/24/29 (Call 10/24/28)(b)		190		180,658
Ontario Teachers’ Cadillac Fairview Properties Trust
2.50%, 10/15/31 (Call 07/15/31)(b)		1,290		1,023,021
3.88%, 03/20/27 (Call 12/20/26)(b)		760		716,103
4.13%, 02/01/29 (Call 11/01/28)(b)		1,175		1,089,494
Prologis LP
5.00%, 03/15/34 (Call 12/15/33)		625		614,214
5.25%, 03/15/54 (Call 09/15/53)		635		609,755
Realty Income Corp.
2.10%, 03/15/28 (Call 01/15/28)		390		346,150
2.70%, 02/15/32 (Call 11/15/31)		361		296,804
3.20%, 01/15/27 (Call 11/15/26)		635		599,577
3.20%, 02/15/31 (Call 11/15/30)		460		402,308
3.40%, 01/15/30 (Call 10/15/29)		506		458,684
4.00%, 07/15/29 (Call 04/15/29)(a)		791		745,904
5.13%, 02/15/34 (Call 11/15/33)		500		483,753
Regency Centers LP, 5.25%, 01/15/34 (Call 10/15/33)		115		112,385
Sinochem Overseas Capital Co. Ltd., 6.30%, 11/12/40(b)		15		16,123
Sun Communities Operating LP, 5.50%, 01/15/29 (Call 12/15/28)		470		465,283
				15,729,260
Real Estate Investment Trusts — 3.1%
Agree LP
2.00%, 06/15/28 (Call 04/15/28)(a)		690		599,706
2.60%, 06/15/33 (Call 03/15/33)(a)		530		410,576
2.90%, 10/01/30 (Call 07/01/30)		200		170,447
4.80%, 10/01/32 (Call 07/01/32)(a)		530		495,183
Alexandria Real Estate Equities Inc.
1.88%, 02/01/33 (Call 11/01/32)		1,236		924,918
2.00%, 05/18/32 (Call 02/18/32)		1,120		865,998
2.75%, 12/15/29 (Call 09/15/29)(a)		735		639,373
2.95%, 03/15/34 (Call 12/15/33)		840		678,717
3.00%, 05/18/51 (Call 11/18/50)(a)		1,097		690,162

116 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.38%, 08/15/31 (Call 05/15/31)	$	1,087	$	956,958
3.45%, 04/30/25 (Call 02/28/25)		566		552,743
3.55%, 03/15/52 (Call 09/15/51)		1,320		915,862
3.80%, 04/15/26 (Call 02/15/26)		676		656,576
3.95%, 01/15/27 (Call 10/15/26)		480		463,032
3.95%, 01/15/28 (Call 10/15/27)		575		547,997
4.00%, 02/01/50 (Call 08/01/49)		933		705,056
4.30%, 01/15/26 (Call 10/15/25)		645		631,728
4.50%, 07/30/29 (Call 04/30/29)		377		360,975
4.70%, 07/01/30 (Call 04/01/30)		621		597,102
4.75%, 04/15/35 (Call 01/15/35)(a)		638		594,458
4.85%, 04/15/49 (Call 10/15/48)(a)		468		408,023
4.90%, 12/15/30 (Call 09/15/30)(a)		977		951,242
5.15%, 04/15/53 (Call 10/15/52)		635		575,438
5.25%, 05/15/36 (Call 02/15/36)		395		379,181
5.63%, 05/15/54 (Call 11/15/53)		650		625,467
American Assets Trust LP, 3.38%, 02/01/31 (Call 11/01/30)		869		700,436
American Homes 4 Rent LP
2.38%, 07/15/31 (Call 04/15/31)		976		785,714
3.38%, 07/15/51 (Call 01/15/51)		475		313,101
3.63%, 04/15/32 (Call 01/15/32)		620		540,974
4.25%, 02/15/28 (Call 11/15/27)		970		931,835
4.30%, 04/15/52 (Call 10/15/51)(a)		190		147,422
4.90%, 02/15/29 (Call 11/15/28)		912		888,621
American Tower Corp.
1.30%, 09/15/25 (Call 08/15/25)		284		267,015
1.45%, 09/15/26 (Call 08/15/26)		944		858,035
1.50%, 01/31/28 (Call 11/30/27)		896		777,966
1.60%, 04/15/26 (Call 03/15/26)		1,136		1,051,992
1.88%, 10/15/30 (Call 07/15/30)		744		597,846
2.10%, 06/15/30 (Call 03/15/30)		1,053		866,498
2.30%, 09/15/31 (Call 06/15/31)(a)		1,271		1,026,340
2.40%, 03/15/25 (Call 02/15/25)		836		808,190
2.70%, 04/15/31 (Call 01/15/31)		1,272		1,067,562
2.75%, 01/15/27 (Call 11/15/26)		1,077		1,002,494
2.90%, 01/15/30 (Call 10/15/29)		1,067		934,814
2.95%, 01/15/51 (Call 07/15/50)(a)		1,458		925,363
3.10%, 06/15/50 (Call 12/15/49)		1,625		1,063,323
3.13%, 01/15/27 (Call 10/15/26)		668		630,128
3.38%, 10/15/26 (Call 07/15/26)(a)		1,318		1,257,109
3.55%, 07/15/27 (Call 04/15/27)		1,117		1,058,613
3.60%, 01/15/28 (Call 10/15/27)		1,103		1,039,629
3.65%, 03/15/27 (Call 02/15/27)		970		927,068
3.70%, 10/15/49 (Call 04/15/49)		868		629,936
3.80%, 08/15/29 (Call 05/15/29)		1,996		1,847,140
3.95%, 03/15/29 (Call 12/15/28)		1,167		1,095,280
4.00%, 06/01/25 (Call 03/01/25)		645		632,540
4.05%, 03/15/32 (Call 12/15/31)(a)		570		518,471
4.40%, 02/15/26 (Call 11/15/25)		1,083		1,065,018
5.25%, 07/15/28 (Call 06/15/28)		715		712,425
5.50%, 03/15/28 (Call 02/15/28)		993		997,086
5.55%, 07/15/33 (Call 04/15/33)		745		744,457
5.65%, 03/15/33 (Call 12/15/32)		1,121		1,128,274
5.80%, 11/15/28 (Call 10/15/28)		1,390		1,416,687
5.90%, 11/15/33 (Call 08/15/33)		1,210		1,240,954
AvalonBay Communities Inc.
1.90%, 12/01/28 (Call 10/01/28)		380		330,557
2.05%, 01/15/32 (Call 10/15/31)(a)		990		807,000
2.30%, 03/01/30 (Call 12/01/29)		905		777,807
2.45%, 01/15/31 (Call 10/17/30)		595		507,854

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
2.90%, 10/15/26 (Call 07/15/26)	$	45	$	42,541
2.95%, 05/11/26 (Call 02/11/26)		988		943,471
3.20%, 01/15/28 (Call 10/15/27)(a)		536		501,398
3.30%, 06/01/29 (Call 03/01/29)(a)		653		601,725
3.35%, 05/15/27 (Call 02/15/27)		497		471,273
3.45%, 06/01/25 (Call 03/03/25)		602		588,679
3.50%, 11/15/25 (Call 08/15/25)		304		295,298
3.90%, 10/15/46 (Call 04/15/46)		402		314,764
4.15%, 07/01/47 (Call 01/01/47)		309		250,071
4.35%, 04/15/48 (Call 10/18/47)(a)		357		301,829
5.00%, 02/15/33 (Call 11/15/32)		259		253,840
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)(a)		1,457		1,074,188
2.55%, 04/01/32 (Call 01/01/32)(a)		1,531		1,190,283
2.75%, 10/01/26 (Call 07/01/26)		1,361		1,259,738
2.90%, 03/15/30 (Call 12/15/29)		1,265		1,067,209
3.25%, 01/30/31 (Call 10/30/30)		1,392		1,172,890
3.40%, 06/21/29 (Call 03/21/29)(a)		950		838,391
3.65%, 02/01/26 (Call 11/03/25)		1,896		1,823,201
4.50%, 12/01/28 (Call 09/01/28)		1,399		1,321,749
6.50%, 01/15/34 (Call 10/15/33)(a)		485		494,880
6.75%, 12/01/27 (Call 11/01/27)(a)		960		991,314
Brixmor Operating Partnership LP
2.25%, 04/01/28 (Call 02/01/28)		285		252,156
2.50%, 08/16/31 (Call 05/16/31)(a)		500		407,148
3.90%, 03/15/27 (Call 12/15/26)		672		640,888
4.05%, 07/01/30 (Call 04/01/30)(a)		1,543		1,419,741
4.13%, 06/15/26 (Call 03/15/26)		645		621,530
4.13%, 05/15/29 (Call 02/15/29)		773		722,778
Broadstone Net Lease LLC, 2.60%, 09/15/31 (Call 06/15/31)		710		551,090
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		1,012		889,496
3.15%, 07/01/29 (Call 04/01/29)		669		608,605
3.35%, 11/01/49 (Call 05/01/49)(a)		402		286,747
4.10%, 10/15/28 (Call 07/15/28)		560		539,372
5.85%, 11/03/26 (Call 10/03/26)(a)		490		500,405
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)(a)		685		567,350
2.25%, 03/15/26 (Call 02/15/26)(a)		570		533,054
2.75%, 04/15/31 (Call 01/15/31)(a)		550		443,931
2.90%, 12/01/33 (Call 09/01/33)		835		636,970
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)		1,567		1,416,736
1.35%, 07/15/25 (Call 06/15/25)(a)		614		580,982
2.10%, 04/01/31 (Call 01/01/31)		1,212		973,015
2.25%, 01/15/31 (Call 10/15/30)		1,516		1,238,769
2.50%, 07/15/31 (Call 04/15/31)		955		782,341
2.90%, 03/15/27 (Call 02/15/27)		1,059		985,931
2.90%, 04/01/41 (Call 10/01/40)		1,265		877,387
3.10%, 11/15/29 (Call 08/15/29)(a)		858		759,079
3.25%, 01/15/51 (Call 07/15/50)(a)		1,387		938,776
3.30%, 07/01/30 (Call 04/01/30)		1,075		949,042
3.65%, 09/01/27 (Call 06/01/27)		1,630		1,539,103
3.70%, 06/15/26 (Call 03/15/26)		988		951,404
3.80%, 02/15/28 (Call 11/15/27)		1,500		1,412,705
4.00%, 03/01/27 (Call 12/01/26)		962		926,638
4.00%, 11/15/49 (Call 05/15/49)(a)		522		401,257
4.15%, 07/01/50 (Call 01/01/50)		778		613,366
4.30%, 02/15/29 (Call 11/15/28)		1,103		1,047,342
4.45%, 02/15/26 (Call 11/15/25)		1,546		1,516,977

S C H E D U L E  O F  I N V E S T M E N T S 117

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.75%, 05/15/47 (Call 11/15/46)(a)	$	506	$	425,961
4.80%, 09/01/28 (Call 08/01/28)		760		741,845
5.00%, 01/11/28 (Call 12/11/27)		1,412		1,390,611
5.10%, 05/01/33 (Call 02/01/33)		1,027		992,649
5.20%, 02/15/49 (Call 08/15/48)		498		449,344
5.60%, 06/01/29 (Call 05/01/29)		1,064		1,069,892
5.80%, 03/01/34 (Call 12/01/33)		1,210		1,226,310
CubeSmart LP
2.00%, 02/15/31 (Call 11/15/30)(a)		615		493,373
2.25%, 12/15/28 (Call 10/15/28)		657		571,548
2.50%, 02/15/32 (Call 11/15/31)(a)		650		525,271
3.00%, 02/15/30 (Call 11/15/29)(a)		531		462,506
3.13%, 09/01/26 (Call 06/01/26)		872		824,432
4.00%, 11/15/25 (Call 08/15/25)(a)		611		594,558
4.38%, 02/15/29 (Call 11/15/28)(a)		590		561,220
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)(a)		1,562		1,439,008
3.70%, 08/15/27 (Call 05/15/27)		1,392		1,327,981
4.45%, 07/15/28 (Call 04/15/28)		930		899,704
5.55%, 01/15/28 (Call 12/15/27)		1,275		1,287,792
EPR Properties
3.60%, 11/15/31 (Call 08/15/31)(a)		435		355,119
3.75%, 08/15/29 (Call 05/15/29)		500		436,413
4.50%, 04/01/25 (Call 01/01/25)(a)		300		294,493
4.50%, 06/01/27 (Call 03/01/27)		325		307,206
4.75%, 12/15/26 (Call 09/15/26)(a)		300		288,234
4.95%, 04/15/28 (Call 01/15/28)		300		284,615
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		1,124		1,051,042
1.25%, 07/15/25 (Call 06/15/25)		597		563,415
1.45%, 05/15/26 (Call 04/15/26)		1,170		1,076,568
1.55%, 03/15/28 (Call 01/15/28)		891		775,263
1.80%, 07/15/27 (Call 05/15/27)		845		759,719
2.00%, 05/15/28 (Call 03/15/28)		840		740,261
2.15%, 07/15/30 (Call 04/15/30)		1,160		961,617
2.50%, 05/15/31 (Call 02/15/31)(a)		1,821		1,518,525
2.90%, 11/18/26 (Call 09/18/26)		2		1,883
2.95%, 09/15/51 (Call 03/15/51)(a)		779		494,814
3.00%, 07/15/50 (Call 01/15/50)		901		584,783
3.20%, 11/18/29 (Call 08/18/29)		1,977		1,775,517
3.40%, 02/15/52 (Call 08/15/51)		576		398,680
3.90%, 04/15/32 (Call 01/15/32)		1,195		1,084,193
ERP Operating LP
1.85%, 08/01/31 (Call 05/01/31)		775		622,805
2.50%, 02/15/30 (Call 11/15/29)		865		751,507
2.85%, 11/01/26 (Call 08/01/26)(a)		735		693,614
3.00%, 07/01/29 (Call 04/01/29)		800		725,115
3.25%, 08/01/27 (Call 05/01/27)		450		422,697
3.38%, 06/01/25 (Call 03/01/25)		420		409,622
3.50%, 03/01/28 (Call 12/01/27)		637		601,189
4.00%, 08/01/47 (Call 02/01/47)		120		92,223
4.15%, 12/01/28 (Call 09/01/28)(a)		778		752,228
4.50%, 07/01/44 (Call 01/01/44)		1,019		875,923
4.50%, 06/01/45 (Call 12/01/44)		545		454,948
Essex Portfolio LP
1.65%, 01/15/31 (Call 10/15/30)		565		441,674
1.70%, 03/01/28 (Call 01/01/28)		220		191,189
2.55%, 06/15/31 (Call 03/15/31)		195		160,643
2.65%, 03/15/32 (Call 12/15/31)(a)		628		511,063
2.65%, 09/01/50 (Call 03/01/50)		470		273,076
3.00%, 01/15/30 (Call 10/15/29)(a)		682		598,325

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.38%, 04/15/26 (Call 01/15/26)	$	723	$	695,233
3.50%, 04/01/25 (Call 01/01/25)(a)		715		698,822
3.63%, 05/01/27 (Call 02/01/27)		486		460,966
4.00%, 03/01/29 (Call 12/01/28)(a)		791		747,849
4.50%, 03/15/48 (Call 09/15/47)(a)		375		313,538
Extra Space Storage LP
2.20%, 10/15/30 (Call 07/15/30)		804		657,300
2.35%, 03/15/32 (Call 12/15/31)		1,100		872,670
2.40%, 10/15/31 (Call 07/15/31)		765		617,934
2.55%, 06/01/31 (Call 03/01/31)		415		341,353
3.50%, 07/01/26 (Call 04/01/26)(a)		1,089		1,042,790
3.88%, 12/15/27 (Call 09/15/27)		728		691,487
3.90%, 04/01/29 (Call 02/01/29)		170		158,743
4.00%, 06/15/29 (Call 03/15/29)		622		583,742
5.40%, 02/01/34 (Call 11/01/33)		495		485,226
5.50%, 07/01/30 (Call 05/01/30)		475		477,209
5.70%, 04/01/28 (Call 03/01/28)		475		481,631
5.90%, 01/15/31 (Call 11/15/30)		260		266,266
Federal Realty OP LP
1.25%, 02/15/26 (Call 01/15/26)		652		600,728
3.20%, 06/15/29 (Call 03/15/29)(a)		310		276,967
3.25%, 07/15/27 (Call 04/15/27)		845		787,312
3.50%, 06/01/30 (Call 03/01/30)		634		568,603
3.63%, 08/01/46 (Call 02/01/46)(a)		444		284,856
4.50%, 12/01/44 (Call 06/01/44)(a)		588		476,631
5.38%, 05/01/28 (Call 04/01/28)		400		396,858
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32 (Call 10/15/31)		1,105		916,695
4.00%, 01/15/30 (Call 10/15/29)(a)		1,167		1,050,248
4.00%, 01/15/31 (Call 10/15/30)		903		796,770
5.25%, 06/01/25 (Call 03/01/25)(a)		1,011		1,001,842
5.30%, 01/15/29 (Call 10/15/28)		820		795,568
5.38%, 04/15/26 (Call 01/15/26)		1,394		1,378,759
5.75%, 06/01/28 (Call 03/03/28)		869		862,100
6.75%, 12/01/33 (Call 09/01/33)(a)		350		363,183
Goodman U.S. Finance Five LLC, 4.63%, 05/04/32 (Call 02/04/32)(b)		75		68,344
Goodman U.S. Finance Four LLC, 4.50%, 10/15/37 (Call 04/15/37)(a)(b)		415		348,080
Goodman U.S. Finance Three LLC, 3.70%, 03/15/28 (Call 12/15/27)(a)(b)		822		760,049
Healthcare Realty Holdings LP
2.00%, 03/15/31 (Call 12/15/30)		677		530,696
2.05%, 03/15/31 (Call 12/15/30)		838		636,673
2.40%, 03/15/30 (Call 12/15/29)		745		597,569
3.10%, 02/15/30 (Call 11/15/29)		709		610,245
3.50%, 08/01/26 (Call 05/01/26)(a)		803		763,775
3.63%, 01/15/28 (Call 10/15/27)		496		453,526
3.75%, 07/01/27 (Call 04/01/27)		781		732,922
Healthpeak OP LLC
1.35%, 02/01/27 (Call 01/01/27)		1,058		951,608
2.13%, 12/01/28 (Call 10/01/28)		767		666,984
2.88%, 01/15/31 (Call 10/15/30)(a)		963		819,599
3.00%, 01/15/30 (Call 10/15/29)		771		675,582
3.25%, 07/15/26 (Call 05/15/26)		1,125		1,074,717
3.50%, 07/15/29 (Call 04/15/29)		565		515,970
4.00%, 06/01/25 (Call 03/01/25)		582		570,564
5.25%, 12/15/32 (Call 09/15/32)(a)		935		914,548
6.75%, 02/01/41 (Call 08/01/40)		397		433,400
Highwoods Realty LP
2.60%, 02/01/31 (Call 11/01/30)(a)		635		497,865

118 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.05%, 02/15/30 (Call 11/15/29)	$	573	$	480,663
3.88%, 03/01/27 (Call 12/01/26)		190		178,377
4.13%, 03/15/28 (Call 12/15/27)		492		455,280
4.20%, 04/15/29 (Call 01/15/29)(a)		559		503,525
7.65%, 02/01/34 (Call 11/01/33)(a)		20		21,479
Host Hotels & Resorts LP
Series E, 4.00%, 06/15/25 (Call 03/15/25)(a)		705		690,361
Series F, 4.50%, 02/01/26 (Call 11/01/25)		664		649,382
Series H, 3.38%, 12/15/29 (Call 09/15/29)		551		487,592
Series I, 3.50%, 09/15/30 (Call 06/15/30)(a)		636		560,836
Series J, 2.90%, 12/15/31 (Call 09/15/31)		785		647,990
Invitation Homes Operating Partnership LP
2.00%, 08/15/31 (Call 05/15/31)		801		625,658
2.30%, 11/15/28 (Call 09/15/28)		830		725,950
2.70%, 01/15/34 (Call 10/15/33)		570		443,783
4.15%, 04/15/32 (Call 01/15/32)(a)		705		635,970
5.45%, 08/15/30 (Call 06/15/30)		585		582,395
5.50%, 08/15/33 (Call 05/15/33)(a)		655		646,969
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)(a)		548		405,275
2.65%, 11/15/33 (Call 08/15/33)(a)		660		480,590
3.05%, 02/15/30 (Call 11/15/29)		857		718,370
4.25%, 08/15/29 (Call 05/15/29)(a)		595		542,641
4.38%, 10/01/25 (Call 07/01/25)		410		399,532
4.75%, 12/15/28 (Call 09/15/28)(a)		555		522,647
Kimco Realty OP LLC
1.90%, 03/01/28 (Call 01/01/28)		518		453,745
2.25%, 12/01/31 (Call 09/01/31)		480		381,770
2.70%, 10/01/30 (Call 07/01/30)		781		663,422
2.80%, 10/01/26 (Call 07/01/26)		604		566,202
3.20%, 04/01/32 (Call 01/01/32)		380		322,912
3.25%, 08/15/26 (Call 05/15/26)		690		650,772
3.70%, 10/01/49 (Call 04/01/49)(a)		456		326,708
3.80%, 04/01/27 (Call 01/01/27)		815		780,904
4.13%, 12/01/46 (Call 06/01/46)		463		351,607
4.25%, 04/01/45 (Call 10/01/44)(a)		344		268,999
4.45%, 09/01/47 (Call 03/01/47)(a)		515		407,953
4.60%, 02/01/33 (Call 11/01/32)(a)		1,035		970,225
6.40%, 03/01/34 (Call 12/01/33)		675		710,298
Kite Realty Group LP, 4.00%, 10/01/26 (Call 07/01/26)		662		626,916
Kite Realty Group Trust
4.00%, 03/15/25 (Call 12/15/24)(a)		490		479,445
4.75%, 09/15/30 (Call 06/15/30)(a)		510		481,170
LXP Industrial Trust
2.38%, 10/01/31 (Call 07/01/31)		488		387,420
2.70%, 09/15/30 (Call 06/15/30)(a)		695		573,027
6.75%, 11/15/28 (Call 10/15/28)(a)		140		144,536
Mid-America Apartments LP
1.10%, 09/15/26 (Call 08/15/26)		963		869,603
1.70%, 02/15/31 (Call 11/15/30)		787		627,143
2.75%, 03/15/30 (Call 12/15/29)(a)		585		514,128
2.88%, 09/15/51 (Call 03/15/51)		379		240,411
3.60%, 06/01/27 (Call 03/01/27)		500		477,747
3.95%, 03/15/29 (Call 12/15/28)(a)		766		730,740
4.00%, 11/15/25 (Call 08/15/25)(a)		250		244,607
4.20%, 06/15/28 (Call 03/15/28)(a)		660		638,659
National Health Investors Inc., 3.00%, 02/01/31 (Call 11/01/30)		684		548,846
NNN REIT Inc.
2.50%, 04/15/30 (Call 01/15/30)		684		578,175

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.00%, 04/15/52 (Call 10/15/51)(a)	$	325	$	207,563
3.10%, 04/15/50 (Call 10/15/49)(a)		278		179,591
3.50%, 10/15/27 (Call 07/15/27)		560		525,372
3.50%, 04/15/51 (Call 10/15/50)		445		316,824
3.60%, 12/15/26 (Call 09/15/26)		516		491,137
4.00%, 11/15/25 (Call 08/15/25)		442		431,185
4.30%, 10/15/28 (Call 07/15/28)		297		285,200
4.80%, 10/15/48 (Call 04/15/48)		622		533,541
5.60%, 10/15/33 (Call 07/15/33)		679		677,136
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)		745		593,004
3.38%, 02/01/31 (Call 11/01/30)		1,043		878,128
3.63%, 10/01/29 (Call 07/01/29)		823		722,798
4.50%, 04/01/27 (Call 01/01/27)		630		605,833
4.75%, 01/15/28 (Call 10/15/27)		980		940,144
5.25%, 01/15/26 (Call 10/15/25)(a)		1,070		1,060,442
Phillips Edison Grocery Center Operating Partnership I LP, 2.63%, 11/15/31 (Call 08/15/31)		665		534,932
Physicians Realty LP
2.63%, 11/01/31 (Call 08/01/31)		721		586,985
3.95%, 01/15/28 (Call 10/15/27)(a)		392		372,894
4.30%, 03/15/27 (Call 12/15/26)		798		776,677
Piedmont Operating Partnership LP
2.75%, 04/01/32 (Call 01/01/32)		452		319,841
3.15%, 08/15/30 (Call 05/15/30)(a)		346		264,042
9.25%, 07/20/28 (Call 06/20/28)		115		121,496
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		823		653,181
1.63%, 03/15/31 (Call 12/15/30)		402		319,266
1.75%, 07/01/30 (Call 04/01/30)		545		446,842
1.75%, 02/01/31 (Call 11/01/30)(a)		385		311,967
2.13%, 04/15/27 (Call 02/15/27)		661		607,026
2.13%, 10/15/50 (Call 04/15/50)(a)		601		329,918
2.25%, 04/15/30 (Call 01/15/30)		1,336		1,145,721
2.25%, 01/15/32 (Call 10/15/31)(a)		1,105		902,339
2.88%, 11/15/29 (Call 08/15/29)(a)		613		549,377
3.00%, 04/15/50 (Call 10/15/49)(a)		709		479,395
3.05%, 03/01/50 (Call 09/01/49)(a)		572		388,612
3.25%, 06/30/26 (Call 03/30/26)		880		845,291
3.25%, 10/01/26 (Call 07/01/26)		643		613,509
3.38%, 12/15/27 (Call 09/15/27)(a)		709		669,719
3.88%, 09/15/28 (Call 06/15/28)		641		613,068
4.00%, 09/15/28 (Call 06/15/28)		749		720,149
4.38%, 02/01/29 (Call 11/01/28)(a)		544		531,725
4.38%, 09/15/48 (Call 03/15/48)		440		372,723
4.63%, 01/15/33 (Call 10/15/32)		525		505,227
4.75%, 06/15/33 (Call 03/15/33)		1,280		1,241,173
4.88%, 06/15/28 (Call 05/15/28)		630		629,227
5.13%, 01/15/34 (Call 10/15/33)		790		781,957
5.25%, 06/15/53 (Call 12/15/52)(a)		1,366		1,323,806
Prologis Targeted U.S. Logistics Fund LP
5.25%, 04/01/29 (Call 03/01/29)(b)		90		89,529
5.50%, 04/01/34 (Call 01/01/34)(b)		105		104,242
Public Storage Operating Co.
0.88%, 02/15/26 (Call 01/15/26)		1,076		993,124
1.50%, 11/09/26 (Call 10/09/26)		1,257		1,147,438
1.85%, 05/01/28 (Call 03/01/28)		912		805,806
1.95%, 11/09/28 (Call 09/09/28)(a)		915		803,142
2.25%, 11/09/31 (Call 08/09/31)		730		601,851
2.30%, 05/01/31 (Call 02/01/31)		775		651,869

S C H E D U L E  O F  I N V E S T M E N T S 119

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.09%, 09/15/27 (Call 06/15/27)	$	650	$	611,487
3.39%, 05/01/29 (Call 02/01/29)		930		867,070
5.10%, 08/01/33 (Call 05/01/33)		365		364,651
5.13%, 01/15/29 (Call 12/15/28)(a)		720		726,948
5.35%, 08/01/53 (Call 02/01/53)(a)		813		806,587
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31)(a)		762		619,247
Realty Income Corp.
0.75%, 03/15/26 (Call 02/15/26)		640		583,851
1.80%, 03/15/33 (Call 12/15/32)(a)		495		372,639
2.20%, 06/15/28 (Call 04/15/28)		77		68,345
2.85%, 12/15/32 (Call 09/15/32)		1,012		833,892
3.00%, 01/15/27 (Call 10/15/26)		72		67,890
3.10%, 12/15/29 (Call 09/15/29)		925		831,773
3.25%, 06/15/29 (Call 03/15/29)		611		558,577
3.25%, 01/15/31 (Call 10/15/30)(a)		1,235		1,093,980
3.40%, 01/15/28 (Call 11/15/27)		768		720,148
3.65%, 01/15/28 (Call 10/15/27)		402		381,211
3.88%, 04/15/25 (Call 02/15/25)(a)		648		636,808
3.95%, 08/15/27 (Call 05/15/27)		168		162,251
4.13%, 10/15/26 (Call 07/15/26)		694		675,628
4.45%, 09/15/26 (Call 06/15/26)		662		644,375
4.63%, 11/01/25 (Call 09/01/25)		1,023		1,010,787
4.65%, 03/15/47 (Call 09/15/46)(a)		681		592,879
4.70%, 12/15/28 (Call 11/15/28)		590		579,780
4.75%, 02/15/29 (Call 01/15/29)(a)		865		846,293
4.85%, 03/15/30 (Call 01/15/30)(a)		735		720,320
4.88%, 06/01/26 (Call 03/01/26)		982		974,440
4.90%, 07/15/33 (Call 04/15/33)(a)		990		944,546
5.05%, 01/13/26 (Call 03/11/24)		115		114,505
5.63%, 10/13/32 (Call 07/13/32)(a)		880		890,678
5.88%, 03/15/35(a)		605		610,718
Regency Centers LP
2.95%, 09/15/29 (Call 06/15/29)(a)		761		673,627
3.60%, 02/01/27 (Call 11/01/26)		563		537,664
3.70%, 06/15/30 (Call 03/15/30)		563		513,240
3.90%, 11/01/25 (Call 08/01/25)(a)		620		598,780
4.13%, 03/15/28 (Call 12/15/27)		622		593,930
4.40%, 02/01/47 (Call 08/01/46)(a)		543		434,723
4.65%, 03/15/49 (Call 09/15/48)		570		483,784
Retail Opportunity Investments Partnership LP,
6.75%, 10/15/28 (Call 09/15/28)		55		56,851
Rexford Industrial Realty LP
2.13%, 12/01/30 (Call 09/01/30)		639		517,364
2.15%, 09/01/31 (Call 06/01/31)		640		505,822
5.00%, 06/15/28 (Call 05/15/28)		500		494,953
Sabra Health Care LP
3.20%, 12/01/31 (Call 09/01/31)		720		583,768
3.90%, 10/15/29 (Call 07/15/29)		647		575,126
5.13%, 08/15/26 (Call 05/15/26)		906		889,576
Safehold GL Holdings LLC
2.80%, 06/15/31 (Call 03/15/31)(a)		547		444,459
2.85%, 01/15/32 (Call 08/15/31)(a)		400		321,667
6.10%, 04/01/34 (Call 01/01/34)		200		197,914
Scentre Group Trust 1/Scentre Group Trust 2
3.25%, 10/28/25 (Call 07/30/25)(a)(b)		966		931,605
3.63%, 01/28/26 (Call 12/28/25)(b)		1,306		1,262,489
3.75%, 03/23/27 (Call 12/23/26)(a)(b)		895		851,245
4.38%, 05/28/30 (Call 02/28/30)(a)(b)		1,170		1,099,900
Scentre Group Trust 2, 4.75%, 09/24/80 (Call 06/24/26), (5-year CMT + 4.379%)(a)(b)(d)		741		704,616

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Simon Property Group LP
1.38%, 01/15/27 (Call 10/15/26)	$	840	$	761,820
1.75%, 02/01/28 (Call 11/01/27)		1,080		955,897
2.20%, 02/01/31 (Call 11/01/30)(a)		990		811,868
2.25%, 01/15/32 (Call 10/15/31)		945		760,646
2.45%, 09/13/29 (Call 06/13/29)		1,629		1,420,652
2.65%, 07/15/30 (Call 04/15/30)		1,114		966,564
2.65%, 02/01/32 (Call 12/01/31)(a)		916		761,740
3.25%, 11/30/26 (Call 08/30/26)		875		834,106
3.25%, 09/13/49 (Call 03/13/49)(a)		1,707		1,183,023
3.30%, 01/15/26 (Call 10/15/25)		1,290		1,244,942
3.38%, 06/15/27 (Call 03/15/27)		979		928,963
3.38%, 12/01/27 (Call 09/01/27)(a)		1,112		1,048,868
3.50%, 09/01/25 (Call 06/01/25)(a)		1,442		1,406,950
3.80%, 07/15/50 (Call 01/15/50)		527		399,199
4.25%, 10/01/44 (Call 04/01/44)(a)		716		585,857
4.25%, 11/30/46 (Call 05/30/46)		690		559,288
4.75%, 03/15/42 (Call 09/15/41)		435		388,407
5.50%, 03/08/33 (Call 12/08/32)(a)		910		917,660
5.85%, 03/08/53 (Call 09/03/52)		855		865,587
6.25%, 01/15/34 (Call 10/15/33)(a)		340		358,274
6.65%, 01/15/54 (Call 07/15/53)(a)		385		433,080
6.75%, 02/01/40 (Call 11/01/39)(a)		1,044		1,146,404
SITE Centers Corp.
4.25%, 02/01/26 (Call 11/01/25)		333		324,985
4.70%, 06/01/27 (Call 03/01/27)		862		847,724
Sixth Street Specialty Lending Inc., 6.95%, 08/14/28 (Call 07/14/28)(a)		193		196,498
Store Capital LLC
2.70%, 12/01/31 (Call 09/01/31)(a)		485		377,603
2.75%, 11/18/30 (Call 08/18/30)		600		473,212
4.50%, 03/15/28 (Call 12/15/27)(a)		590		552,182
4.63%, 03/15/29 (Call 12/15/28)(a)		586		546,777
Sun Communities Operating LP
2.30%, 11/01/28 (Call 09/01/28)(a)		645		559,780
2.70%, 07/15/31 (Call 04/15/31)		558		455,096
4.20%, 04/15/32 (Call 01/15/32)		770		684,167
5.70%, 01/15/33 (Call 10/15/32)		665		654,566
Tanger Properties LP
2.75%, 09/01/31 (Call 06/01/31)(a)		620		500,235
3.13%, 09/01/26 (Call 06/01/26)		691		644,944
3.88%, 07/15/27 (Call 04/15/27)		425		390,068
Trust Fibra Uno
4.87%, 01/15/30 (Call 10/30/29)(b)		430		391,287
6.39%, 01/15/50 (Call 07/15/49)(b)		769		646,945
6.95%, 01/30/44 (Call 07/30/43)(b)		605		539,446
UDR Inc.
1.90%, 03/15/33 (Call 12/15/32)		613		457,298
2.10%, 08/01/32 (Call 05/01/32)		450		347,920
2.10%, 06/15/33 (Call 03/15/33)(a)		370		279,911
2.95%, 09/01/26 (Call 06/01/26)		457		430,441
3.00%, 08/15/31 (Call 05/15/31)(a)		948		813,413
3.10%, 11/01/34 (Call 08/01/34)		443		356,273
3.20%, 01/15/30 (Call 10/15/29)(a)		732		654,726
3.50%, 07/01/27 (Call 04/01/27)		280		262,891
3.50%, 01/15/28 (Call 10/15/27)		638		594,079
4.40%, 01/26/29 (Call 10/26/28)		413		395,137
Ventas Realty LP
2.50%, 09/01/31 (Call 06/01/31)		700		569,258
3.00%, 01/15/30 (Call 10/15/29)		742		647,712
3.25%, 10/15/26 (Call 07/15/26)		771		727,857

120 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.85%, 04/01/27 (Call 01/01/27)	$	720	$	686,005
4.00%, 03/01/28 (Call 12/01/27)(a)		635		604,275
4.13%, 01/15/26 (Call 10/15/25)		898		873,865
4.38%, 02/01/45 (Call 08/01/44)		300		237,392
4.40%, 01/15/29 (Call 10/15/28)		1,030		986,733
4.75%, 11/15/30 (Call 08/15/30)		786		751,064
4.88%, 04/15/49 (Call 10/15/48)		411		348,843
5.70%, 09/30/43 (Call 03/30/43)		446		420,686
VICI Properties LP
4.38%, 05/15/25		160		157,139
4.75%, 02/15/28 (Call 01/15/28)		1,658		1,605,620
4.95%, 02/15/30 (Call 12/15/29)(a)		1,315		1,251,902
5.13%, 05/15/32 (Call 02/15/32)		2,105		1,975,255
5.63%, 05/15/52 (Call 11/15/51)		1,195		1,082,037
VICI Properties LP/VICI Note Co. Inc.
3.75%, 02/15/27 (Call 04/01/24)(b)		1,435		1,349,904
3.88%, 02/15/29 (Call 11/15/28)(b)		407		371,286
4.13%, 08/15/30 (Call 02/15/25)(b)		1,320		1,184,009
4.25%, 12/01/26 (Call 04/01/24)(b)		1,680		1,607,133
4.50%, 09/01/26 (Call 06/01/26)(b)		705		680,170
4.50%, 01/15/28 (Call 10/15/27)(a)(b)		560		532,073
4.63%, 06/15/25 (Call 03/15/25)(b)		595		584,903
4.63%, 12/01/29 (Call 12/01/24)(a)(b)		1,270		1,182,497
5.75%, 02/01/27 (Call 11/01/26)(b)		760		756,504
WEA Finance LLC
2.88%, 01/15/27 (Call 11/15/26)(b)		2		1,817
3.50%, 06/15/29 (Call 03/15/29)(a)(b)		690		598,911
4.13%, 09/20/28 (Call 06/20/28)(a)(b)		381		339,991
4.63%, 09/20/48 (Call 03/20/48)(a)(b)		697		476,186
WEA Finance LLC/Westfield U.K. & Europe
Finance PLC, 4.75%, 09/17/44
(Call 03/17/44)(a)(b)		695		487,034
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		715		619,309
2.70%, 02/15/27 (Call 12/15/26)(a)		883		825,218
2.75%, 01/15/31 (Call 10/15/30)		918		783,061
2.75%, 01/15/32 (Call 10/15/31)(a)		875		727,889
2.80%, 06/01/31 (Call 03/01/31)(a)		930		789,670
3.10%, 01/15/30 (Call 10/15/29)		749		668,173
3.85%, 06/15/32 (Call 03/15/32)(a)		545		489,290
4.00%, 06/01/25 (Call 03/01/25)		1,058		1,038,855
4.13%, 03/15/29 (Call 12/15/28)		1,094		1,040,672
4.25%, 04/01/26 (Call 01/01/26)(a)		1,130		1,107,459
4.25%, 04/15/28 (Call 01/15/28)		947		916,096
4.95%, 09/01/48 (Call 03/01/48)		405		365,074
5.13%, 03/15/43 (Call 09/15/42)		505		452,223
6.50%, 03/15/41 (Call 09/15/40)		540		582,855
Weyerhaeuser Co.
3.38%, 03/09/33 (Call 12/09/32)		660		570,082
4.00%, 11/15/29 (Call 08/15/29)		1,347		1,264,563
4.00%, 04/15/30 (Call 01/15/30)		1,197		1,119,498
4.00%, 03/09/52 (Call 09/09/51)		835		655,080
4.75%, 05/15/26		1,210		1,197,838
6.88%, 12/15/33		410		441,124
6.95%, 10/01/27		390		413,215
7.38%, 03/15/32(a)		909		1,026,559
WP Carey Inc.
2.25%, 04/01/33 (Call 01/01/33)(a)		789		597,919
2.40%, 02/01/31 (Call 11/01/30)(a)		454		373,660
2.45%, 02/01/32 (Call 11/01/31)		345		274,786
3.85%, 07/15/29 (Call 04/15/29)		659		609,228

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
4.25%, 10/01/26 (Call 07/01/26)	$	721	$	701,577
				329,092,315
Retail — 2.4%
7-Eleven Inc.
0.95%, 02/10/26 (Call 01/10/26)(a)(b)		1,832		1,688,300
1.30%, 02/10/28 (Call 12/10/27)(a)(b)		1,810		1,570,523
1.80%, 02/10/31 (Call 11/10/30)(b)		2,665		2,123,393
2.50%, 02/10/41 (Call 08/10/40)(a)(b)		1,167		780,758
2.80%, 02/10/51 (Call 08/02/50)(b)		2,001		1,240,333
Advance Auto Parts Inc., 3.50%, 03/15/32
(Call 12/15/31)(a)		674		565,312
Alimentation Couche-Tard Inc.
2.95%, 01/25/30 (Call 10/25/29)(a)(b)		1,154		1,028,590
3.44%, 05/13/41 (Call 11/13/40)(a)(b)		1,110		840,917
3.55%, 07/26/27 (Call 04/26/27)(b)		1,258		1,198,733
3.63%, 05/13/51 (Call 11/13/50)(a)(b)		345		251,579
3.80%, 01/25/50 (Call 07/25/49)(b)		533		407,075
4.50%, 07/26/47 (Call 01/26/47)(b)		910		760,983
5.27%, 02/12/34 (Call 11/12/33)(a)(b)		450		445,810
5.62%, 02/12/54 (Call 08/12/53)(b)		450		448,547
AutoNation Inc.
1.95%, 08/01/28 (Call 06/01/28)		390		333,568
2.40%, 08/01/31 (Call 05/01/31)		734		581,329
3.80%, 11/15/27 (Call 08/15/27)		590		549,205
3.85%, 03/01/32 (Call 12/01/31)(a)		985		860,066
4.50%, 10/01/25 (Call 07/01/25)		630		618,908
4.75%, 06/01/30 (Call 03/01/30)(a)		705		670,552
AutoZone Inc.
1.65%, 01/15/31 (Call 10/15/30)		706		561,741
3.13%, 04/21/26 (Call 01/21/26)		1,080		1,034,979
3.25%, 04/15/25 (Call 01/15/25)		651		635,797
3.63%, 04/15/25 (Call 03/15/25)		763		749,000
3.75%, 06/01/27 (Call 03/01/27)(a)		903		867,404
3.75%, 04/18/29 (Call 01/18/29)		844		792,630
4.00%, 04/15/30 (Call 01/15/30)		930		875,343
4.50%, 02/01/28 (Call 01/01/28)		770		754,195
4.75%, 08/01/32 (Call 05/01/32)		1,010		969,888
4.75%, 02/01/33 (Call 11/01/32)		760		728,101
5.05%, 07/15/26		445		444,051
5.20%, 08/01/33 (Call 05/01/33)(a)		480		475,659
6.25%, 11/01/28 (Call 10/01/28)		835		868,318
6.55%, 11/01/33 (Call 08/01/33)(a)		690		745,403
Best Buy Co. Inc.
1.95%, 10/01/30 (Call 07/01/30)(a)		1,147		942,930
4.45%, 10/01/28 (Call 07/01/28)(a)		1,132		1,109,447
CK Hutchison International 20 Ltd., 3.38%,
05/08/50 (Call 11/08/49)(a)(b)		1,020		751,596
CK Hutchison International 21 Ltd., 3.13%,
04/15/41 (Call 10/15/40)(a)(b)		772		587,670
Costco Wholesale Corp.
1.38%, 06/20/27 (Call 04/20/27)		1,810		1,628,263
1.60%, 04/20/30 (Call 01/20/30)		2,744		2,286,271
1.75%, 04/20/32 (Call 01/20/32)		1,484		1,186,692
3.00%, 05/18/27 (Call 02/18/27)		1,556		1,484,512
Darden Restaurants Inc.
3.85%, 05/01/27 (Call 02/01/27)		1,140		1,094,722
4.55%, 02/15/48 (Call 08/15/47)		476		386,962
6.30%, 10/10/33 (Call 07/10/33)		350		365,593
Dick’s Sporting Goods Inc.
3.15%, 01/15/32 (Call 10/15/31)(a)		1,290		1,081,020
4.10%, 01/15/52 (Call 07/15/51)(a)		1,190		841,227

S C H E D U L E  O F  I N V E S T M E N T S 121

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
Dollar General Corp.
3.50%, 04/03/30 (Call 01/03/30)	$	1,661	$	1,502,908
3.88%, 04/15/27 (Call 01/15/27)		1,012		973,585
4.13%, 05/01/28 (Call 02/01/28)		821		792,056
4.13%, 04/03/50 (Call 10/03/49)		790		603,235
4.15%, 11/01/25 (Call 08/01/25)		729		714,257
4.63%, 11/01/27 (Call 10/01/27)		945		926,919
5.00%, 11/01/32 (Call 08/01/32)(a)		950		923,342
5.20%, 07/05/28 (Call 06/05/28)(a)		626		625,430
5.45%, 07/05/33 (Call 04/05/33)(a)		852		846,208
5.50%, 11/01/52 (Call 05/01/52)(a)		495		467,159
Dollar Tree Inc.
2.65%, 12/01/31 (Call 09/01/31)		1,405		1,169,383
3.38%, 12/01/51 (Call 06/01/51)		735		483,277
4.00%, 05/15/25 (Call 03/15/25)		1,409		1,383,781
4.20%, 05/15/28 (Call 02/15/28)		2,141		2,064,928
Genuine Parts Co.
1.88%, 11/01/30 (Call 08/01/30)		888		714,972
2.75%, 02/01/32 (Call 11/01/31)(a)		735		605,899
6.50%, 11/01/28 (Call 10/01/28)		495		518,693
6.88%, 11/01/33 (Call 08/01/33)(a)		560		611,853
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)(a)		650		560,848
1.38%, 03/15/31 (Call 12/15/30)		1,965		1,554,947
1.50%, 09/15/28 (Call 07/15/28)(a)		1,152		1,003,663
1.88%, 09/15/31 (Call 06/15/31)		1,530		1,239,361
2.13%, 09/15/26 (Call 06/15/26)		1,433		1,339,721
2.38%, 03/15/51 (Call 09/15/50)		1,675		985,501
2.50%, 04/15/27 (Call 02/15/27)		1,230		1,146,224
2.70%, 04/15/25 (Call 03/15/25)		485		472,514
2.70%, 04/15/30 (Call 01/15/30)		2,112		1,868,063
2.75%, 09/15/51 (Call 03/15/51)(a)		1,370		876,292
2.80%, 09/14/27 (Call 06/14/27)		1,535		1,439,574
2.88%, 04/15/27 (Call 03/15/27)		1,162		1,097,964
2.95%, 06/15/29 (Call 03/15/29)		2,732		2,493,946
3.00%, 04/01/26 (Call 01/01/26)		1,844		1,775,949
3.13%, 12/15/49 (Call 06/15/49)		1,088		757,607
3.25%, 04/15/32 (Call 01/15/32)		1,895		1,683,351
3.30%, 04/15/40 (Call 10/15/39)		1,331		1,042,737
3.35%, 09/15/25 (Call 06/15/25)		1,528		1,491,979
3.35%, 04/15/50 (Call 10/15/49)(a)		1,925		1,393,421
3.50%, 09/15/56 (Call 03/15/56)		965		712,883
3.63%, 04/15/52 (Call 10/15/51)		2,035		1,537,215
3.90%, 12/06/28 (Call 09/06/28)(a)		1,587		1,534,678
3.90%, 06/15/47 (Call 12/15/46)		1,379		1,115,038
4.00%, 09/15/25 (Call 08/15/25)		635		624,990
4.20%, 04/01/43 (Call 10/01/42)		1,253		1,080,549
4.25%, 04/01/46 (Call 10/01/45)		2,159		1,843,981
4.40%, 03/15/45 (Call 09/15/44)		1,180		1,033,204
4.50%, 09/15/32 (Call 06/15/32)		1,405		1,374,420
4.50%, 12/06/48 (Call 06/06/48)		1,810		1,597,125
4.88%, 02/15/44 (Call 08/15/43)		1,104		1,035,557
4.90%, 04/15/29 (Call 03/15/29)		625		627,411
4.95%, 09/30/26 (Call 08/30/26)(a)		630		630,345
4.95%, 09/15/52 (Call 03/15/52)(a)		1,205		1,144,569
5.40%, 09/15/40 (Call 03/15/40)		860		865,342
5.88%, 12/16/36		3,948		4,198,629
5.95%, 04/01/41 (Call 10/01/40)		1,696		1,809,203
InRetail Consumer, 3.25%, 03/22/28
(Call 01/22/28)(b)		10		8,880

Security	Par (000)		Value
Retail (continued)
Lowe’s Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)(a)	$	735	$	637,478
1.70%, 09/15/28 (Call 07/15/28)		1,700		1,476,923
1.70%, 10/15/30 (Call 07/15/30)		1,395		1,132,665
2.50%, 04/15/26 (Call 01/15/26)		1,414		1,342,273
2.63%, 04/01/31 (Call 01/01/31)		1,980		1,686,793
2.80%, 09/15/41 (Call 03/15/41)		1,441		1,006,479
3.00%, 10/15/50 (Call 04/15/50)		2,432		1,569,076
3.10%, 05/03/27 (Call 02/03/27)		1,765		1,668,690
3.35%, 04/01/27 (Call 03/01/27)(a)		1,198		1,141,882
3.38%, 09/15/25 (Call 06/15/25)		1,305		1,269,973
3.50%, 04/01/51 (Call 10/01/50)(a)		765		538,109
3.65%, 04/05/29 (Call 01/05/29)(a)		2,162		2,037,841
3.70%, 04/15/46 (Call 10/15/45)		1,842		1,385,737
3.75%, 04/01/32 (Call 01/01/32)(a)		2,048		1,860,955
4.00%, 04/15/25 (Call 03/15/25)		1,151		1,134,494
4.05%, 05/03/47 (Call 11/03/46)		2,221		1,758,286
4.25%, 04/01/52 (Call 10/01/51)		2,055		1,651,039
4.38%, 09/15/45 (Call 03/15/45)		637		539,673
4.40%, 09/08/25(a)		587		579,782
4.45%, 04/01/62 (Call 10/01/61)		1,455		1,161,720
4.50%, 04/15/30 (Call 01/15/30)(a)		1,862		1,809,115
4.55%, 04/05/49 (Call 10/05/48)		725		609,496
4.65%, 04/15/42 (Call 10/15/41)		484		432,183
4.80%, 04/01/26 (Call 03/01/26)		840		834,868
5.00%, 04/15/33 (Call 01/15/33)(a)		1,015		1,001,199
5.00%, 04/15/40 (Call 10/15/39)		530		503,616
5.00%, 09/15/43 (Call 03/15/43)(a)		271		246,326
5.13%, 04/15/50 (Call 10/15/49)		600		554,897
5.15%, 07/01/33 (Call 04/01/33)(a)		1,065		1,060,336
5.50%, 10/15/35(a)		690		710,473
5.63%, 04/15/53 (Call 10/15/52)(a)		1,690		1,677,263
5.75%, 07/01/53 (Call 01/01/53)(a)		495		500,044
5.80%, 10/15/36		330		338,274
5.80%, 09/15/62 (Call 03/15/62)(a)		1,069		1,066,567
5.85%, 04/01/63 (Call 10/01/62)		860		867,547
6.50%, 03/15/29(a)		595		637,263
6.88%, 02/15/28(a)		785		844,442
McDonald’s Corp.
1.45%, 09/01/25 (Call 08/01/25)		262		248,017
2.13%, 03/01/30 (Call 12/01/29)		727		622,197
2.63%, 09/01/29 (Call 06/01/29)		1,081		967,381
3.30%, 07/01/25 (Call 06/01/25)(a)		1,008		984,382
3.38%, 05/26/25 (Call 02/26/25)		853		833,734
3.50%, 03/01/27 (Call 12/01/26)		1,359		1,309,229
3.50%, 07/01/27 (Call 05/01/27)		1,407		1,347,458
3.60%, 07/01/30 (Call 04/01/30)(a)		999		925,796
3.63%, 05/01/43(a)		960		755,831
3.63%, 09/01/49 (Call 03/01/49)		2,346		1,757,297
3.70%, 01/30/26 (Call 10/30/25)(a)		2,245		2,192,912
3.70%, 02/15/42		666		536,475
3.80%, 04/01/28 (Call 01/01/28)		1,558		1,497,593
4.20%, 04/01/50 (Call 10/01/49)(a)		965		798,184
4.45%, 03/01/47 (Call 09/01/46)		1,425		1,224,474
4.45%, 09/01/48 (Call 03/01/48)		748		647,798
4.60%, 09/09/32 (Call 06/09/32)(a)		1,055		1,030,229
4.60%, 05/26/45 (Call 11/26/44)(a)		420		373,091
4.70%, 12/09/35 (Call 06/09/35)		1,307		1,255,604
4.80%, 08/14/28 (Call 07/14/28)(a)		862		859,587
4.88%, 07/15/40(a)		715		675,357
4.88%, 12/09/45 (Call 06/09/45)		1,670		1,540,330

122 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
4.95%, 08/14/33 (Call 05/14/33)(a)	$	1,000	$	992,063
5.15%, 09/09/52 (Call 03/09/52)		1,090		1,035,382
5.45%, 08/14/53 (Call 02/14/53)(a)		1,175		1,171,057
5.70%, 02/01/39(a)		816		838,999
6.30%, 10/15/37		1,302		1,420,608
6.30%, 03/01/38		735		802,793
O’Reilly Automotive Inc.
1.75%, 03/15/31 (Call 12/15/30)(a)		560		448,842
3.55%, 03/15/26 (Call 12/15/25)		919		889,382
3.60%, 09/01/27 (Call 06/01/27)		1,115		1,062,175
3.90%, 06/01/29 (Call 03/01/29)(a)		781		741,377
4.20%, 04/01/30 (Call 01/01/30)		1,007		955,869
4.35%, 06/01/28 (Call 03/01/28)		942		918,622
4.70%, 06/15/32 (Call 03/15/32)(a)		1,250		1,209,418
5.75%, 11/20/26 (Call 10/20/26)		580		588,205
Ross Stores Inc.
0.88%, 04/15/26 (Call 03/15/26)		1,142		1,044,429
1.88%, 04/15/31 (Call 01/15/31)		683		554,914
4.60%, 04/15/25 (Call 03/15/25)		1,138		1,126,961
Starbucks Corp.
2.00%, 03/12/27 (Call 01/12/27)		778		713,564
2.25%, 03/12/30 (Call 12/12/29)		995		850,860
2.45%, 06/15/26 (Call 03/15/26)		906		855,488
2.55%, 11/15/30 (Call 08/15/30)		1,359		1,167,340
3.00%, 02/14/32 (Call 11/14/31)(a)		1,440		1,250,636
3.35%, 03/12/50 (Call 09/12/49)		967		683,721
3.50%, 03/01/28 (Call 12/01/27)		724		686,789
3.50%, 11/15/50 (Call 05/15/50)(a)		1,877		1,374,307
3.55%, 08/15/29 (Call 05/15/29)		1,058		992,357
3.75%, 12/01/47 (Call 06/01/47)		735		564,981
3.80%, 08/15/25 (Call 06/15/25)		1,287		1,260,219
4.00%, 11/15/28 (Call 08/15/28)(a)		1,280		1,237,732
4.30%, 06/15/45 (Call 12/15/44)(a)		535		453,877
4.45%, 08/15/49 (Call 02/15/49)		1,227		1,049,648
4.50%, 11/15/48 (Call 05/15/48)		1,414		1,223,229
4.75%, 02/15/26 (Call 01/15/26)		1,540		1,529,787
4.80%, 02/15/33 (Call 11/15/32)(a)		780		769,251
4.85%, 02/08/27 (Call 01/08/27)		450		447,636
4.90%, 02/15/31 (Call 12/15/30)(a)		450		444,554
5.00%, 02/15/34 (Call 11/15/33)		450		442,857
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)(a)		1,745		1,613,628
2.25%, 04/15/25 (Call 03/15/25)		2,050		1,985,934
2.35%, 02/15/30 (Call 11/15/29)		1,180		1,029,433
2.50%, 04/15/26		1,598		1,525,925
2.65%, 09/15/30 (Call 06/15/30)		925		812,343
2.95%, 01/15/52 (Call 07/15/51)(a)		1,430		951,648
3.38%, 04/15/29 (Call 01/15/29)		1,339		1,257,940
3.63%, 04/15/46		915		713,377
3.90%, 11/15/47 (Call 05/15/47)		752		614,505
4.00%, 07/01/42		1,567		1,355,652
4.40%, 01/15/33 (Call 10/15/32)		865		835,432
4.50%, 09/15/32 (Call 06/15/32)(a)		1,145		1,108,495
4.80%, 01/15/53 (Call 07/15/52)(a)		1,545		1,428,497
6.35%, 11/01/32		249		272,015
6.50%, 10/15/37		692		772,899
7.00%, 01/15/38		600		701,350
Tiffany & Co., 4.90%, 10/01/44
(Call 04/01/44)(a)		460		427,041
TJX Companies Inc. (The)
1.15%, 05/15/28 (Call 03/15/28)(a)		695		599,144

Security	Par (000)		Value
Retail (continued)
1.60%, 05/15/31 (Call 02/15/31)	$	770	$	621,346
2.25%, 09/15/26 (Call 06/15/26)		1,580		1,484,623
3.88%, 04/15/30 (Call 01/15/30)		1,102		1,045,175
4.50%, 04/15/50 (Call 10/15/49)(a)		501		456,437
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)(a)		1,030		828,385
5.25%, 05/15/33 (Call 02/15/33)(a)		375		372,991
Walmart Inc.
2.38%, 09/24/29 (Call 06/24/29)(a)		264		235,776
2.50%, 09/22/41 (Call 03/22/41)		1,740		1,228,923
2.65%, 09/22/51 (Call 03/22/51)(a)		2,328		1,516,114
2.95%, 09/24/49 (Call 03/24/49)		933		650,935
3.05%, 07/08/26 (Call 05/08/26)		1,140		1,096,748
3.25%, 07/08/29 (Call 04/08/29)(a)		972		913,366
3.55%, 06/26/25 (Call 04/26/25)		760		746,774
3.63%, 12/15/47 (Call 06/15/47)		1,025		810,056
3.70%, 06/26/28 (Call 03/26/28)(a)		1,662		1,607,804
3.90%, 04/15/28 (Call 03/15/28)		905		883,055
3.95%, 06/28/38 (Call 12/28/37)		845		762,746
4.00%, 04/15/26 (Call 03/15/26)		915		901,159
4.00%, 04/15/30 (Call 02/15/30)(a)		578		560,303
4.00%, 04/11/43 (Call 10/11/42)(a)		365		316,666
4.05%, 06/29/48 (Call 12/29/47)		2,250		1,940,361
4.10%, 04/15/33 (Call 01/15/33)		1,475		1,405,470
4.15%, 09/09/32 (Call 06/09/32)		845		815,159
4.30%, 04/22/44 (Call 10/22/43)(a)		70		63,003
4.50%, 09/09/52 (Call 03/09/52)		1,311		1,193,781
4.50%, 04/15/53 (Call 10/15/52)		1,755		1,595,366
4.88%, 07/08/40(a)		245		244,484
5.00%, 10/25/40(a)		655		661,510
5.25%, 09/01/35		1,805		1,871,481
5.63%, 04/01/40		710		753,577
5.63%, 04/15/41(a)		160		169,999
5.88%, 04/05/27		50		51,940
6.20%, 04/15/38		1,010		1,134,589
6.50%, 08/15/37		1,315		1,507,601
7.55%, 02/15/30(a)		970		1,123,596
				249,172,680
Savings & Loans — 0.1%
Nationwide Building Society
1.50%, 10/13/26(a)(b)		1,896		1,721,265
2.97%, 02/16/28 (Call 02/16/27),
(1-day SOFR + 1.29%)(a)(b)(d)		955		883,603
3.90%, 07/21/25(b)		1,107		1,084,990
3.96%, 07/18/30 (Call 07/18/29),
(3-mo. LIBOR US + 1.855%)(a)(b)(d)		1,635		1,496,159
4.00%, 09/14/26(b)		1,051		1,005,625
4.13%, 10/18/32 (Call 10/18/27),
(5-year USD ICE Swap + 1.849%)(b)(d)		693		633,810
4.30%, 03/08/29 (Call 03/08/28),
(3-mo. LIBOR US + 1.452%)(a)(b)(d)		1,115		1,060,459
4.85%, 07/27/27(b)		1,385		1,368,501
6.56%, 10/18/27 (Call 10/18/26),
(1-day SOFR + 1.910%)(b)(d)		1,065		1,090,184
				10,344,596
Semiconductors — 2.2%
Advanced Micro Devices Inc.
3.92%, 06/01/32 (Call 03/01/32)(a)		1,125		1,051,768
4.39%, 06/01/52 (Call 12/01/51)(a)		830		732,865

S C H E D U L E  O F  I N V E S T M E N T S 123

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
Analog Devices Inc.
1.70%, 10/01/28 (Call 08/01/28)(a)	$	1,075	$	938,701
2.10%, 10/01/31 (Call 07/01/31)		1,650		1,363,088
2.80%, 10/01/41 (Call 04/01/41)		1,067		758,740
2.95%, 04/01/25 (Call 03/01/25)		638		623,054
2.95%, 10/01/51 (Call 04/01/51)		1,398		934,469
3.50%, 12/05/26 (Call 09/05/26)(a)		1,214		1,172,614
4.25%, 10/01/32 (Call 07/01/32)		85		80,256
5.30%, 12/15/45 (Call 06/15/45)		285		276,689
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		1,000		834,076
2.75%, 06/01/50 (Call 12/01/49)(a)		667		448,594
3.30%, 04/01/27 (Call 01/01/27)		1,999		1,913,322
3.90%, 10/01/25 (Call 07/01/25)		940		923,748
4.35%, 04/01/47 (Call 10/01/46)		1,485		1,320,142
5.10%, 10/01/35 (Call 04/01/35)(a)		558		565,216
5.85%, 06/15/41		1,110		1,196,362
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.50%, 01/15/28 (Call 10/15/27)		1,288		1,213,475
3.88%, 01/15/27 (Call 10/15/26)		3,882		3,751,052
Broadcom Inc.
1.95%, 02/15/28 (Call 12/15/27)(a)(b)		1,322		1,173,693
2.45%, 02/15/31 (Call 11/15/30)(b)		3,290		2,748,507
2.60%, 02/15/33 (Call 11/15/32)(b)		2,055		1,651,741
3.14%, 11/15/35 (Call 08/15/35)(b)		4,223		3,352,158
3.15%, 11/15/25 (Call 10/15/25)		321		309,703
3.19%, 11/15/36 (Call 08/15/36)(b)		3,390		2,657,617
3.42%, 04/15/33 (Call 01/15/33)(b)		3,265		2,788,609
3.46%, 09/15/26 (Call 07/15/26)		1,233		1,183,095
3.47%, 04/15/34 (Call 01/15/34)(b)		4,465		3,770,958
3.50%, 02/15/41 (Call 08/15/40)(b)		3,984		3,046,615
3.75%, 02/15/51 (Call 08/15/50)(b)		2,437		1,821,959
4.00%, 04/15/29 (Call 02/15/29)(b)		1,320		1,249,856
4.11%, 09/15/28 (Call 06/15/28)(a)		1,375		1,318,304
4.15%, 11/15/30 (Call 08/15/30)		2,680		2,507,206
4.15%, 04/15/32 (Call 01/15/32)(b)		1,615		1,483,177
4.30%, 11/15/32 (Call 08/15/32)		2,339		2,166,050
4.75%, 04/15/29 (Call 01/15/29)		1,345		1,319,476
4.93%, 05/15/37 (Call 02/15/37)(a)(b)		3,150		2,934,801
5.00%, 04/15/30 (Call 01/15/30)(a)		1,270		1,268,069
Foundry JV Holdco LLC, 5.88%, 01/25/34
(Call 10/25/33)(b)		615		611,883
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		1,260		1,095,652
2.00%, 08/12/31 (Call 05/12/31)		1,835		1,490,035
2.45%, 11/15/29 (Call 08/15/29)		2,622		2,298,034
2.60%, 05/19/26 (Call 02/19/26)		1,748		1,662,751
2.80%, 08/12/41 (Call 02/12/41)		1,191		846,082
3.05%, 08/12/51 (Call 02/12/51)(a)		1,725		1,141,473
3.10%, 02/15/60 (Call 08/15/59)		1,338		847,724
3.15%, 05/11/27 (Call 02/11/27)		1,394		1,321,486
3.20%, 08/12/61 (Call 02/12/61)(a)		995		641,923
3.25%, 11/15/49 (Call 05/15/49)		2,654		1,838,990
3.40%, 03/25/25 (Call 02/25/25)		2,060		2,020,261
3.70%, 07/29/25 (Call 04/29/25)		2,471		2,420,773
3.73%, 12/08/47 (Call 06/08/47)		2,579		1,960,702
3.75%, 03/25/27 (Call 01/25/27)		1,447		1,400,665
3.75%, 08/05/27 (Call 07/05/27)		1,385		1,335,252
3.90%, 03/25/30 (Call 12/25/29)		1,936		1,821,553
4.00%, 08/05/29 (Call 06/05/29)		1,347		1,288,240

Security	Par (000)		Value
Semiconductors (continued)
4.00%, 12/15/32	$	1,198	$	1,105,933
4.10%, 05/19/46 (Call 11/19/45)		1,556		1,291,229
4.10%, 05/11/47 (Call 11/11/46)		1,212		999,725
4.15%, 08/05/32 (Call 05/05/32)(a)		1,635		1,535,124
4.25%, 12/15/42(a)		783		667,660
4.60%, 03/25/40 (Call 09/25/39)(a)		768		713,432
4.75%, 03/25/50 (Call 09/25/49)		2,945		2,624,769
4.80%, 10/01/41		1,145		1,069,926
4.88%, 02/10/26		2,420		2,411,590
4.88%, 02/10/28 (Call 01/10/28)		2,355		2,349,572
4.90%, 07/29/45 (Call 01/29/45)(a)		356		336,877
4.90%, 08/05/52 (Call 02/05/52)		2,335		2,148,440
4.95%, 03/25/60 (Call 09/25/59)(a)		1,051		959,168
5.00%, 02/21/31 (Call 12/21/30)		490		486,885
5.05%, 08/05/62 (Call 02/05/62)		1,275		1,175,089
5.13%, 02/10/30 (Call 12/10/29)		1,745		1,759,231
5.15%, 02/21/34 (Call 11/21/33)		675		668,094
5.20%, 02/10/33 (Call 11/10/32)(a)		2,770		2,773,077
5.60%, 02/21/54 (Call 08/21/53)		330		329,809
5.63%, 02/10/43 (Call 08/10/42)		1,360		1,381,335
5.70%, 02/10/53 (Call 08/10/52)		2,600		2,635,590
5.90%, 02/10/63 (Call 08/10/62)		1,635		1,703,210
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		1,079		779,544
4.10%, 03/15/29 (Call 12/15/28)		1,643		1,595,397
4.65%, 07/15/32 (Call 04/15/32)		1,295		1,262,565
4.70%, 02/01/34 (Call 11/01/33)		500		486,838
4.95%, 07/15/52 (Call 01/15/52)		1,800		1,704,617
5.00%, 03/15/49 (Call 09/15/48)		567		540,957
5.25%, 07/15/62 (Call 01/15/62)		1,090		1,069,406
5.65%, 11/01/34 (Call 07/01/34)(a)		523		543,922
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		1,333		1,118,163
2.88%, 06/15/50 (Call 12/15/49)(a)		1,158		781,204
3.13%, 06/15/60 (Call 12/15/59)(a)		796		522,805
3.75%, 03/15/26 (Call 01/15/26)		1,406		1,371,792
3.80%, 03/15/25 (Call 12/15/24)		493		485,745
4.00%, 03/15/29 (Call 12/15/28)		1,594		1,538,927
4.88%, 03/15/49 (Call 09/15/48)		995		937,650
Marvell Technology Inc.
1.65%, 04/15/26 (Call 03/15/26)(a)		790		732,683
2.45%, 04/15/28 (Call 02/15/28)		1,280		1,149,245
2.95%, 04/15/31 (Call 01/15/31)		1,245		1,067,091
4.88%, 06/22/28 (Call 03/22/28)		853		839,080
5.75%, 02/15/29 (Call 01/15/29)		360		366,771
5.95%, 09/15/33 (Call 06/15/33)		540		557,761
Microchip Technology Inc., 4.25%, 09/01/25
(Call 04/01/24)(a)		1,475		1,447,462
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)(a)		1,738		1,426,624
3.37%, 11/01/41 (Call 05/01/41)		839		611,330
3.48%, 11/01/51 (Call 05/01/51)(a)		660		458,884
4.19%, 02/15/27 (Call 12/15/26)		1,477		1,435,815
4.66%, 02/15/30 (Call 11/15/29)		1,238		1,197,651
4.98%, 02/06/26 (Call 12/06/25)		951		946,012
5.30%, 01/15/31 (Call 11/15/30)(a)		615		608,695
5.33%, 02/06/29 (Call 11/06/28)(a)		1,078		1,079,308
5.38%, 04/15/28 (Call 03/15/28)		1,017		1,022,427
5.88%, 02/09/33 (Call 11/09/32)		1,056		1,078,768
5.88%, 09/15/33 (Call 06/15/33)(a)		300		305,870
6.75%, 11/01/29 (Call 09/01/29)		1,738		1,844,786

124 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
NVIDIA Corp.
1.55%, 06/15/28 (Call 04/15/28)(a)	$	2,440	$	2,160,642
2.00%, 06/15/31 (Call 03/15/31)		1,755		1,465,912
2.85%, 04/01/30 (Call 01/01/30)		2,405		2,165,880
3.20%, 09/16/26 (Call 06/16/26)(a)		1,649		1,589,563
3.50%, 04/01/40 (Call 10/01/39)		1,362		1,137,666
3.50%, 04/01/50 (Call 10/01/49)		2,694		2,112,522
3.70%, 04/01/60 (Call 10/01/59)		754		592,083
NXP BV/NXP Funding LLC
5.35%, 03/01/26 (Call 01/01/26)(a)		846		845,407
5.55%, 12/01/28 (Call 09/01/28)		948		957,796
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)		1,543		1,277,130
2.65%, 02/15/32 (Call 11/15/31)		1,288		1,056,706
2.70%, 05/01/25 (Call 04/01/25)		432		417,839
3.13%, 02/15/42 (Call 08/15/41)		900		638,181
3.15%, 05/01/27 (Call 03/01/27)(a)		867		814,769
3.25%, 05/11/41 (Call 11/11/40)		1,430		1,052,585
3.25%, 11/30/51 (Call 05/30/51)		655		441,140
3.40%, 05/01/30 (Call 02/01/30)		1,218		1,091,751
3.88%, 06/18/26 (Call 04/18/26)(a)		1,197		1,159,002
4.30%, 06/18/29 (Call 03/18/29)		1,759		1,679,957
4.40%, 06/01/27 (Call 05/01/27)		759		740,907
5.00%, 01/15/33 (Call 10/15/32)		144		139,059
Qorvo Inc.
3.38%, 04/01/31 (Call 04/01/26)(b)		1,127		949,481
4.38%, 10/15/29 (Call 10/15/24)(a)		1,535		1,427,977
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)		1,837		1,598,313
1.65%, 05/20/32 (Call 02/20/32)		1,746		1,363,084
2.15%, 05/20/30 (Call 02/20/30)		925		792,273
3.25%, 05/20/27 (Call 02/20/27)		2,374		2,263,599
3.25%, 05/20/50 (Call 11/20/49)(a)		1,144		835,319
3.45%, 05/20/25 (Call 02/20/25)		1,208		1,183,691
4.25%, 05/20/32 (Call 02/20/32)		750		716,604
4.30%, 05/20/47 (Call 11/20/46)		1,475		1,279,818
4.50%, 05/20/52 (Call 11/20/51)(a)		1,471		1,302,479
4.65%, 05/20/35 (Call 11/20/34)		1,672		1,637,613
4.80%, 05/20/45 (Call 11/20/44)		1,945		1,832,850
5.40%, 05/20/33 (Call 02/20/33)(a)		1,040		1,079,467
6.00%, 05/20/53 (Call 11/20/52)		1,825		1,999,069
Renesas Electronics Corp., 2.17%, 11/25/26
(Call 10/25/26)(b)		1,525		1,384,797
SK Hynix Inc.
1.50%, 01/19/26(b)		1,155		1,069,315
2.38%, 01/19/31(b)		450		370,161
5.50%, 01/16/27(b)		260		259,740
5.50%, 01/16/29(b)		155		154,756
6.38%, 01/17/28(b)		410		422,370
6.50%, 01/17/33(a)(b)		760		805,163
Skyworks Solutions Inc.
1.80%, 06/01/26 (Call 05/01/26)		997		919,124
3.00%, 06/01/31 (Call 03/01/31)(a)		982		822,649
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		852		776,962
1.38%, 03/12/25 (Call 02/12/25)		987		949,451
1.75%, 05/04/30 (Call 02/04/30)		1,275		1,067,490
1.90%, 09/15/31 (Call 06/15/31)		905		747,033
2.25%, 09/04/29 (Call 06/04/29)		1,255		1,107,864
2.70%, 09/15/51 (Call 03/15/51)(a)		910		584,232
2.90%, 11/03/27 (Call 08/03/27)(a)		1,129		1,060,418

Security	Par (000)		Value
Semiconductors (continued)
3.65%, 08/16/32 (Call 05/16/32)	$	710	$	652,382
3.88%, 03/15/39 (Call 09/15/38)		987		869,371
4.10%, 08/16/52 (Call 02/16/52)(a)		515		430,889
4.15%, 05/15/48 (Call 11/15/47)		1,779		1,510,522
4.60%, 02/08/27 (Call 01/08/27)		375		373,743
4.60%, 02/15/28 (Call 01/15/28)		990		988,097
4.60%, 02/08/29 (Call 01/08/29)(a)		375		372,902
4.85%, 02/08/34 (Call 11/08/33)		375		372,530
4.90%, 03/14/33 (Call 12/14/32)		1,121		1,122,471
5.00%, 03/14/53 (Call 09/14/52)(a)		945		918,166
5.05%, 05/18/63 (Call 11/18/62)		1,572		1,503,027
5.15%, 02/08/54 (Call 08/08/53)		375		371,460
TSMC Arizona Corp.
1.75%, 10/25/26 (Call 09/25/26)(a)		2,168		1,993,569
2.50%, 10/25/31 (Call 07/25/31)		2,550		2,160,137
3.13%, 10/25/41 (Call 04/25/41)		1,040		824,718
3.25%, 10/25/51 (Call 04/25/51)(a)		980		744,202
3.88%, 04/22/27 (Call 03/22/27)		1,775		1,719,778
4.13%, 04/22/29 (Call 02/22/29)(a)		480		466,235
4.25%, 04/22/32 (Call 01/22/32)(a)		910		886,996
4.50%, 04/22/52 (Call 10/22/51)(a)		990		949,473
TSMC Global Ltd.
0.75%, 09/28/25 (Call 08/28/25)(b)		1,020		950,277
1.00%, 09/28/27 (Call 07/28/27)(a)(b)		975		849,466
1.25%, 04/23/26 (Call 03/23/26)(b)		1,150		1,060,332
1.38%, 09/28/30 (Call 06/28/30)(a)(b)		447		358,845
1.75%, 04/23/28 (Call 02/23/28)(a)(b)		1,360		1,198,806
2.25%, 04/23/31 (Call 01/23/31)(b)		1,780		1,495,509
4.63%, 07/22/32 (Call 04/22/32)(b)		250		246,751
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30)		1,228		1,063,378
				231,688,555
Shipbuilding — 0.0%
Huntington Ingalls Industries Inc.
2.04%, 08/16/28 (Call 06/16/28)		900		782,404
3.48%, 12/01/27 (Call 09/01/27)		966		905,284
3.84%, 05/01/25 (Call 04/01/25)(a)		800		783,927
4.20%, 05/01/30 (Call 02/01/30)		657		618,390
				3,090,005
Software — 2.2%
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)		1,625		1,512,565
2.30%, 02/01/30 (Call 11/01/29)		2,233		1,950,159
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)(a)		1,240		1,029,795
2.85%, 01/15/30 (Call 10/15/29)(a)		1,113		987,614
3.50%, 06/15/27 (Call 03/15/27)		1,109		1,061,448
4.38%, 06/15/25 (Call 03/15/25)(a)		515		509,524
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		1,696		1,421,087
2.90%, 12/01/29 (Call 09/01/29)		1,496		1,320,022
3.40%, 06/27/26 (Call 03/27/26)		1,141		1,090,743
Concentrix Corp.
6.60%, 08/02/28 (Call 07/02/28)(a)		1,090		1,096,185
6.65%, 08/02/26 (Call 07/02/26)(a)		940		953,553
6.85%, 08/02/33 (Call 05/02/33)(a)		880		860,461
Constellation Software Inc.
5.16%, 02/16/29 (Call 01/16/29)(a)(b)		325		323,337
5.46%, 02/16/34 (Call 11/16/33)(b)		230		229,977
Electronic Arts Inc.
1.85%, 02/15/31 (Call 11/15/30)		1,131		920,529

S C H E D U L E  O F  I N V E S T M E N T S 125

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
2.95%, 02/15/51 (Call 08/15/50)(a)	$	1,337	$	890,959
4.80%, 03/01/26 (Call 12/01/25)		1,060		1,054,988
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)		1,901		1,757,954
1.65%, 03/01/28 (Call 01/01/28)(a)		1,327		1,169,312
2.25%, 03/01/31 (Call 12/01/30)(a)		1,980		1,658,071
3.10%, 03/01/41 (Call 09/01/40)		1,185		851,166
3.75%, 05/21/29 (Call 02/21/29)(a)		365		347,140
4.50%, 07/15/25(a)		683		676,371
4.50%, 08/15/46 (Call 02/15/46)		560		462,690
4.70%, 07/15/27 (Call 06/15/27)(a)		900		893,307
5.10%, 07/15/32 (Call 04/15/32)(a)		920		919,920
5.63%, 07/15/52 (Call 01/15/52)(a)		805		799,301
Series 30Y, 4.75%, 05/15/48 (Call 11/15/47)		392		329,241
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)		1,533		1,402,328
2.65%, 06/01/30 (Call 03/01/30)		1,268		1,092,457
3.20%, 07/01/26 (Call 05/01/26)		2,854		2,727,009
3.50%, 07/01/29 (Call 04/01/29)		4,015		3,688,833
3.85%, 06/01/25 (Call 03/01/25)		1,304		1,277,850
4.20%, 10/01/28 (Call 07/01/28)		1,440		1,381,760
4.40%, 07/01/49 (Call 01/01/49)		2,865		2,396,875
5.15%, 03/15/27 (Call 02/15/27)		625		625,228
5.35%, 03/15/31 (Call 01/15/31)		625		625,545
5.38%, 08/21/28 (Call 07/21/28)		1,110		1,118,907
5.45%, 03/02/28 (Call 02/02/28)		1,240		1,250,971
5.45%, 03/15/34 (Call 12/15/33)		625		624,212
5.60%, 03/02/33 (Call 12/02/32)		1,050		1,059,383
5.63%, 08/21/33 (Call 05/21/33)(a)		920		929,636
Infor Inc., 1.75%, 07/15/25 (Call 06/15/25)(b)		884		835,369
Intuit Inc.
0.95%, 07/15/25 (Call 06/15/25)		776		732,187
1.35%, 07/15/27 (Call 05/15/27)		1,094		976,261
1.65%, 07/15/30 (Call 04/15/30)		1,060		869,468
5.13%, 09/15/28 (Call 08/15/28)(a)		1,227		1,242,613
5.20%, 09/15/33 (Call 06/15/33)		1,390		1,404,391
5.25%, 09/15/26 (Call 08/15/26)		955		963,074
5.50%, 09/15/53 (Call 03/15/53)		1,005		1,033,614
Microsoft Corp.
1.35%, 09/15/30 (Call 06/15/30)(b)		1,229		1,006,293
2.40%, 08/08/26 (Call 05/08/26)		5,053		4,785,455
2.50%, 09/15/50 (Call 03/15/50)(b)		2,113		1,342,838
2.53%, 06/01/50 (Call 12/01/49)		7,404		4,767,386
2.68%, 06/01/60 (Call 12/01/59)		4,872		3,074,904
2.92%, 03/17/52 (Call 09/17/51)(a)		7,829		5,414,067
3.04%, 03/17/62 (Call 09/17/61)(a)		2,586		1,762,364
3.13%, 11/03/25 (Call 08/03/25)		2,929		2,846,928
3.30%, 02/06/27 (Call 11/06/26)		5,410		5,225,291
3.40%, 09/15/26 (Call 06/15/26)(b)		1,603		1,550,489
3.40%, 06/15/27 (Call 03/15/27)(a)(b)		798		766,101
3.45%, 08/08/36 (Call 02/08/36)		1,501		1,322,242
3.50%, 02/12/35 (Call 08/12/34)(a)		2,247		2,041,368
3.50%, 11/15/42(a)		930		779,167
3.70%, 08/08/46 (Call 02/08/46)		2,000		1,671,420
3.75%, 02/12/45 (Call 08/12/44)		460		393,885
3.95%, 08/08/56 (Call 02/08/56)		650		546,728
4.00%, 02/12/55 (Call 08/12/54)(a)		825		714,951
4.10%, 02/06/37 (Call 08/06/36)		1,213		1,143,061
4.20%, 11/03/35 (Call 05/03/35)(a)		1,086		1,051,206
4.25%, 02/06/47 (Call 08/06/46)(a)		1,360		1,253,444
4.45%, 11/03/45 (Call 05/03/45)(a)		1,161		1,107,136

Security	Par (000)		Value
Software (continued)
4.50%, 10/01/40(a)	$	551	$	537,192
4.50%, 06/15/47 (Call 12/15/46)(b)		852		794,490
4.50%, 02/06/57 (Call 08/06/56)		730		690,558
4.75%, 11/03/55 (Call 05/03/55)		100		98,303
5.20%, 06/01/39		525		555,640
5.30%, 02/08/41(a)		1,157		1,239,744
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)(a)(b)		1,110		910,258
3.63%, 09/01/30 (Call 03/01/25)(a)(b)		1,655		1,459,764
3.63%, 11/01/31 (Call 11/01/26)(a)(b)		905		783,711
3.88%, 02/15/31 (Call 06/01/25)(a)(b)		930		827,280
4.00%, 11/15/29 (Call 11/15/24)(a)(b)		795		729,810
Open Text Corp., 6.90%, 12/01/27
(Call 11/01/27)(b)		941		971,398
Oracle Corp.
1.65%, 03/25/26 (Call 02/25/26)		3,645		3,385,326
2.30%, 03/25/28 (Call 01/25/28)		2,799		2,508,342
2.50%, 04/01/25 (Call 03/01/25)		2,727		2,639,985
2.65%, 07/15/26 (Call 04/15/26)		3,577		3,369,079
2.80%, 04/01/27 (Call 02/01/27)		3,165		2,952,111
2.88%, 03/25/31 (Call 12/25/30)		3,762		3,244,442
2.95%, 05/15/25 (Call 02/15/25)		2,910		2,822,802
2.95%, 04/01/30 (Call 01/01/30)		3,874		3,435,630
3.25%, 11/15/27 (Call 08/15/27)		3,425		3,212,261
3.25%, 05/15/30 (Call 02/15/30)(a)		995		891,886
3.60%, 04/01/40 (Call 10/01/39)		3,890		3,003,191
3.60%, 04/01/50 (Call 10/01/49)		5,766		4,059,495
3.65%, 03/25/41 (Call 09/25/40)		2,999		2,306,010
3.80%, 11/15/37 (Call 05/15/37)		2,331		1,919,600
3.85%, 07/15/36 (Call 01/15/36)		1,868		1,570,566
3.85%, 04/01/60 (Call 10/01/59)		4,771		3,320,361
3.90%, 05/15/35 (Call 11/15/34)		1,809		1,553,330
3.95%, 03/25/51 (Call 09/25/50)		4,261		3,178,502
4.00%, 07/15/46 (Call 01/15/46)		3,887		2,989,489
4.00%, 11/15/47 (Call 05/15/47)		2,932		2,246,170
4.10%, 03/25/61 (Call 09/25/60)(a)		2,117		1,553,008
4.13%, 05/15/45 (Call 11/15/44)		2,581		2,045,499
4.30%, 07/08/34 (Call 01/08/34)		2,429		2,204,471
4.38%, 05/15/55 (Call 11/15/54)		1,184		929,477
4.50%, 05/06/28 (Call 04/06/28)(a)		1,120		1,098,303
4.50%, 07/08/44 (Call 01/08/44)		1,386		1,166,885
4.65%, 05/06/30 (Call 03/06/30)(a)		955		930,750
4.90%, 02/06/33 (Call 11/06/32)		1,925		1,861,369
5.38%, 07/15/40		2,947		2,820,959
5.55%, 02/06/53 (Call 08/06/52)		2,925		2,794,371
5.80%, 11/10/25(a)		890		897,337
6.13%, 07/08/39		1,569		1,613,797
6.15%, 11/09/29 (Call 09/09/29)		1,940		2,028,205
6.25%, 11/09/32 (Call 08/09/32)		2,630		2,778,129
6.50%, 04/15/38		1,655		1,768,821
6.90%, 11/09/52 (Call 05/09/52)		3,180		3,582,341
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		950		889,986
1.40%, 09/15/27 (Call 07/15/27)		1,257		1,111,519
1.75%, 02/15/31 (Call 11/15/30)		1,491		1,192,404
2.00%, 06/30/30 (Call 03/30/30)(a)		1,092		909,088
2.95%, 09/15/29 (Call 06/15/29)		929		831,816
3.80%, 12/15/26 (Call 09/15/26)		1,015		981,614
3.85%, 12/15/25 (Call 09/15/25)		446		434,993
4.20%, 09/15/28 (Call 06/15/28)		1,325		1,281,092

126 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
Salesforce Inc.
1.50%, 07/15/28 (Call 05/15/28)	$	1,661	$	1,452,457
1.95%, 07/15/31 (Call 04/15/31)		1,815		1,486,342
2.70%, 07/15/41 (Call 01/15/41)		1,753		1,251,474
2.90%, 07/15/51 (Call 01/15/51)(a)		2,668		1,773,089
3.05%, 07/15/61 (Call 01/15/61)		1,605		1,031,823
3.70%, 04/11/28 (Call 01/11/28)		2,232		2,151,783
ServiceNow Inc., 1.40%, 09/01/30
(Call 06/01/30)		2,253		1,807,437
Take-Two Interactive Software Inc.
3.55%, 04/14/25		835		817,881
3.70%, 04/14/27 (Call 03/14/27)		1,025		980,120
4.00%, 04/14/32 (Call 01/14/32)(a)		975		896,404
4.95%, 03/28/28 (Call 02/28/28)		1,275		1,264,817
5.00%, 03/28/26(a)		1,260		1,253,122
VMware LLC
1.40%, 08/15/26 (Call 07/15/26)		1,930		1,754,426
1.80%, 08/15/28 (Call 06/15/28)(a)		1,113		964,871
2.20%, 08/15/31 (Call 05/15/31)(a)		2,310		1,863,334
3.90%, 08/21/27 (Call 05/21/27)		1,751		1,669,122
4.50%, 05/15/25 (Call 04/15/25)		1,039		1,027,758
4.65%, 05/15/27 (Call 03/15/27)(a)		1,018		996,458
4.70%, 05/15/30 (Call 02/15/30)		1,215		1,169,051
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		1,847		1,759,954
3.70%, 04/01/29 (Call 02/01/29)		1,115		1,042,603
3.80%, 04/01/32 (Call 01/01/32)		1,930		1,744,514
				231,973,914
Telecommunications — 4.0%
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)(a)		1,240		1,088,202
3.63%, 04/22/29 (Call 01/22/29)		1,275		1,186,675
4.38%, 07/16/42		1,995		1,727,443
4.38%, 04/22/49 (Call 10/22/48)(a)		1,497		1,285,335
4.70%, 07/21/32 (Call 04/21/32)		1,125		1,081,638
6.13%, 11/15/37(a)		560		588,292
6.13%, 03/30/40		2,340		2,461,283
6.38%, 03/01/35		1,395		1,509,978
AT&T Inc.
1.65%, 02/01/28 (Call 12/01/27)		2,773		2,439,968
1.70%, 03/25/26 (Call 03/11/24)		4,074		3,788,766
2.25%, 02/01/32 (Call 11/01/31)		3,595		2,883,077
2.30%, 06/01/27 (Call 04/01/27)		3,242		2,968,601
2.55%, 12/01/33 (Call 09/01/33)		5,004		3,946,784
2.75%, 06/01/31 (Call 03/01/31)		3,637		3,099,432
2.95%, 07/15/26 (Call 04/15/26)		689		654,885
3.10%, 02/01/43 (Call 08/01/42)(a)		1,143		822,738
3.30%, 02/01/52 (Call 08/01/51)		1,465		991,580
3.50%, 06/01/41 (Call 12/01/40)(a)		3,364		2,577,676
3.50%, 09/15/53 (Call 03/15/53)		9,728		6,686,418
3.50%, 02/01/61 (Call 08/01/60)(a)		1,015		679,925
3.55%, 09/15/55 (Call 03/15/55)		9,840		6,703,286
3.65%, 06/01/51 (Call 12/01/50)		3,939		2,818,568
3.65%, 09/15/59 (Call 03/15/59)		7,994		5,407,179
3.80%, 02/15/27 (Call 11/15/26)		1,403		1,353,159
3.80%, 12/01/57 (Call 06/01/57)		7,090		4,989,832
3.85%, 06/01/60 (Call 12/01/59)		2,050		1,450,310
3.88%, 01/15/26 (Call 10/15/25)		522		509,468
4.10%, 02/15/28 (Call 11/15/27)		2,080		2,005,751
4.25%, 03/01/27 (Call 12/01/26)(a)		2,062		2,010,237
4.30%, 02/15/30 (Call 11/15/29)		4,235		4,038,954

Security	Par (000)		Value
Telecommunications (continued)
4.30%, 12/15/42 (Call 06/15/42)	$	1,893	$	1,602,853
4.35%, 03/01/29 (Call 12/01/28)		4,020		3,879,433
4.35%, 06/15/45 (Call 12/15/44)		1,630		1,363,535
4.50%, 05/15/35 (Call 11/15/34)		3,365		3,098,580
4.50%, 03/09/48 (Call 09/09/47)		2,405		2,011,711
4.55%, 03/09/49 (Call 09/09/48)		1,490		1,256,260
4.65%, 06/01/44 (Call 12/01/43)(a)		716		613,621
4.75%, 05/15/46 (Call 11/15/45)		2,545		2,228,937
4.80%, 06/15/44 (Call 12/15/43)		442		390,356
4.85%, 03/01/39 (Call 09/01/38)		1,449		1,337,366
4.85%, 07/15/45 (Call 01/15/45)(a)		395		346,458
4.90%, 08/15/37 (Call 02/14/37)		1,081		1,014,079
5.15%, 03/15/42(a)		416		394,596
5.15%, 11/15/46 (Call 05/15/46)(a)		1,040		959,155
5.15%, 02/15/50 (Call 08/14/49)		888		808,944
5.25%, 03/01/37 (Call 09/01/36)		1,380		1,343,499
5.35%, 09/01/40(a)		991		953,852
5.40%, 02/15/34 (Call 11/15/33)		3,549		3,553,688
5.45%, 03/01/47 (Call 09/01/46)(a)		868		845,055
5.54%, 02/20/26 (Call 03/11/24)		590		589,714
5.55%, 08/15/41(a)		513		502,577
5.65%, 02/15/47 (Call 08/15/46)(a)		850		852,811
5.70%, 03/01/57 (Call 09/01/56)(a)		425		411,175
6.00%, 08/15/40 (Call 05/15/40)(a)		718		737,223
6.15%, 09/15/34		35		36,406
6.25%, 03/29/41(a)		130		134,026
6.30%, 01/15/38(a)		690		726,299
6.38%, 03/01/41		523		549,320
6.55%, 02/15/39(a)		547		583,125
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52 (Call 02/15/52)		1,125		827,689
4.30%, 07/29/49 (Call 01/29/49)		792		652,356
4.46%, 04/01/48 (Call 10/01/47)		1,513		1,286,154
5.10%, 05/11/33 (Call 02/11/33)(a)		1,110		1,095,951
5.20%, 02/15/34 (Call 11/15/33)		675		666,023
5.55%, 02/15/54 (Call 08/15/53)		675		663,912
Series US-4, 3.65%, 03/17/51
(Call 09/17/50)(a)		661		486,904
Series US-5, 2.15%, 02/15/32
(Call 11/15/31)		1,000		800,762
Series US-6, 3.20%, 02/15/52
(Call 08/15/51)		870		586,347
Bharti Airtel Ltd.
3.25%, 06/03/31 (Call 03/05/31)(b)		210		183,925
4.38%, 06/10/25(b)		675		663,089
British Telecommunications PLC
3.25%, 11/08/29 (Call 08/08/29)(a)(b)		1,557		1,400,031
4.25%, 11/08/49 (Call 05/08/49)(a)(b)		790		635,589
5.13%, 12/04/28 (Call 09/04/28)(a)		1,500		1,508,036
9.63%, 12/15/30		3,569		4,368,503
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)		1,957		1,846,757
2.95%, 02/28/26		1,533		1,477,959
3.50%, 06/15/25		537		526,966
4.80%, 02/26/27 (Call 01/26/27)		1,800		1,801,498
4.85%, 02/26/29 (Call 01/26/29)(a)		1,920		1,922,965
4.90%, 02/26/26		1,135		1,135,189
4.95%, 02/26/31 (Call 12/26/30)		1,340		1,340,664
5.05%, 02/26/34 (Call 11/26/33)		1,305		1,313,615
5.30%, 02/26/54 (Call 08/26/53)		990		1,002,032
5.35%, 02/26/64 (Call 08/26/63)		1,070		1,076,868

S C H E D U L E  O F  I N V E S T M E N T S 127

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
5.50%, 01/15/40	$	2,710	$	2,800,092
5.90%, 02/15/39		2,851		3,059,754
Corning Inc.
3.90%, 11/15/49 (Call 05/15/49)(a)		446		343,913
4.38%, 11/15/57 (Call 05/15/57)		970		798,519
4.70%, 03/15/37(a)		655		601,114
4.75%, 03/15/42		545		485,490
5.35%, 11/15/48 (Call 05/15/48)		826		793,518
5.45%, 11/15/79 (Call 05/19/79)		1,201		1,112,842
5.75%, 08/15/40(a)		636		635,909
5.85%, 11/15/68 (Call 05/15/68)		428		417,010
7.25%, 08/15/36 (Call 08/15/26)(a)		742		766,791
Deutsche Telekom AG, 3.63%, 01/21/50
(Call 07/21/49)(b)		1,152		860,759
Deutsche Telekom International Finance BV
3.60%, 01/19/27 (Call 10/19/26)(b)		858		829,861
4.38%, 06/21/28 (Call 03/21/28)(a)(b)		1,160		1,129,254
4.75%, 06/21/38 (Call 12/21/37)(b)		926		866,710
4.88%, 03/06/42(a)(b)		1,113		1,025,959
8.75%, 06/15/30		4,759		5,615,372
9.25%, 06/01/32		761		960,522
Empresa Nacional de Telecomunicaciones SA
3.05%, 09/14/32 (Call 06/14/32)(b)		465		366,769
4.75%, 08/01/26 (Call 05/03/26)(a)(b)		833		811,188
Juniper Networks Inc.
1.20%, 12/10/25 (Call 11/10/25)(a)		671		621,552
2.00%, 12/10/30 (Call 09/10/30)(a)		798		642,920
3.75%, 08/15/29 (Call 05/15/29)(a)		1,009		935,095
5.95%, 03/15/41		431		427,110
Koninklijke KPN NV, 8.38%, 10/01/30		1,178		1,371,017
KT Corp., 2.50%, 07/18/26(b)		200		187,367
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		1,349		1,111,897
2.75%, 05/24/31 (Call 02/24/31)		1,255		1,047,882
4.60%, 02/23/28 (Call 11/23/27)(a)		1,482		1,455,066
4.60%, 05/23/29 (Call 02/23/29)(a)		1,269		1,233,059
5.50%, 09/01/44		604		575,137
5.60%, 06/01/32 (Call 03/01/32)		925		927,352
7.50%, 05/15/25		98		100,047
NBN Co. Ltd.
1.45%, 05/05/26 (Call 04/05/26)(a)(b)		1,911		1,761,486
1.63%, 01/08/27 (Call 12/08/26)(b)		1,844		1,674,039
2.50%, 01/08/32 (Call 10/08/31)(b)		1,345		1,108,202
2.63%, 05/05/31 (Call 02/05/31)(b)		2,124		1,797,494
5.75%, 10/06/28 (Call 09/06/28)(a)(b)		1,565		1,611,073
6.00%, 10/06/33 (Call 07/06/33)(a)(b)		950		1,009,757
Nokia OYJ
4.38%, 06/12/27(a)		535		512,706
6.63%, 05/15/39		690		665,828
NTT Finance Corp.
1.16%, 04/03/26 (Call 03/03/26)(b)		3,824		3,522,663
1.59%, 04/03/28 (Call 02/03/28)(b)		1,975		1,732,183
2.07%, 04/03/31 (Call 01/03/31)(b)		1,457		1,198,100
4.24%, 07/25/25(a)(b)		550		542,028
4.37%, 07/27/27 (Call 06/27/27)(b)		1,015		995,087
Ooredoo International Finance Ltd.
2.63%, 04/08/31(a)(b)		945		809,449
3.75%, 06/22/26(b)		1,713		1,660,623
3.88%, 01/31/28(a)(b)		488		470,839
4.50%, 01/31/43(b)		775		712,806

Security	Par (000)		Value
Telecommunications (continued)
Orange SA
5.38%, 01/13/42(a)	$	1,611	$	1,585,207
5.50%, 02/06/44 (Call 08/06/43)		385		383,734
9.00%, 03/01/31		3,248		3,926,142
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		1,267		1,192,592
2.95%, 03/15/25		1,120		1,090,166
3.20%, 03/15/27 (Call 02/15/27)		2,081		1,959,416
3.63%, 12/15/25 (Call 09/15/25)		1,019		987,622
3.70%, 11/15/49 (Call 05/15/49)		1,378		995,560
3.80%, 03/15/32 (Call 12/15/31)		2,606		2,315,996
4.30%, 02/15/48 (Call 08/15/47)		992		793,244
4.35%, 05/01/49 (Call 11/01/48)(a)		1,608		1,295,559
4.50%, 03/15/42 (Call 09/15/41)		773		663,670
4.50%, 03/15/43 (Call 09/15/42)		603		509,774
4.55%, 03/15/52 (Call 09/15/51)		2,615		2,158,041
5.00%, 02/15/29 (Call 01/15/29)		473		468,788
5.00%, 03/15/44 (Call 09/15/43)		1,453		1,314,346
5.30%, 02/15/34 (Call 11/15/33)		325		318,981
5.45%, 10/01/43 (Call 04/01/43)		911		870,961
7.50%, 08/15/38(a)		655		755,200
Saudi Telecom Co., 3.89%, 05/13/29(a)(b)		1,092		1,035,853
SES Global Americas Holdings Inc., 5.30%,
03/25/44(b)		654		501,383
SES SA, 5.30%, 04/04/43(a)(b)		610		440,665
Sprint Capital Corp.
6.88%, 11/15/28		1,895		2,015,734
8.75%, 03/15/32		2,240		2,705,300
Sprint LLC, 7.63%, 03/01/26 (Call 11/01/25)		999		1,032,209
Telefonica Emisiones SA
4.10%, 03/08/27		1,678		1,625,236
4.67%, 03/06/38(a)		625		557,263
4.90%, 03/06/48		1,726		1,482,860
5.21%, 03/08/47		3,272		2,942,966
5.52%, 03/01/49 (Call 09/01/48)		1,613		1,507,482
7.05%, 06/20/36(a)		2,507		2,760,919
Telefonica Europe BV, 8.25%, 09/15/30		1,855		2,108,845
Telefonica Moviles Chile SA, 3.54%, 11/18/31
(Call 08/18/31)(b)		400		297,201
Telstra Corp. Ltd., 3.13%, 04/07/25
(Call 01/07/25)(b)		1,044		1,018,739
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		1,277		1,196,122
3.40%, 05/13/32 (Call 02/13/32)		1,246		1,081,451
3.70%, 09/15/27 (Call 06/15/27)		1,177		1,117,648
4.30%, 06/15/49 (Call 12/15/48)(a)		765		623,114
4.60%, 11/16/48 (Call 05/16/48)		1,049		896,952
T-Mobile USA Inc.
1.50%, 02/15/26 (Call 01/15/26)		1,592		1,478,875
2.05%, 02/15/28 (Call 12/15/27)(a)		2,419		2,155,277
2.25%, 02/15/26 (Call 03/11/24)		2,350		2,213,969
2.25%, 11/15/31 (Call 08/15/31)		1,522		1,234,852
2.40%, 03/15/29 (Call 01/15/29)		1,150		1,012,952
2.55%, 02/15/31 (Call 11/15/30)		2,562		2,160,098
2.63%, 04/15/26 (Call 03/11/24)		1,940		1,835,921
2.63%, 02/15/29 (Call 03/11/24)		2,063		1,829,219
2.70%, 03/15/32 (Call 12/15/31)		1,640		1,364,948
2.88%, 02/15/31 (Call 02/15/26)		1,835		1,578,259
3.00%, 02/15/41 (Call 08/15/40)		3,486		2,517,834
3.30%, 02/15/51 (Call 08/15/50)		4,062		2,792,602
3.38%, 04/15/29 (Call 04/15/24)		2,891		2,650,533

128 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
3.40%, 10/15/52 (Call 04/15/52)	$	3,760	$	2,611,714
3.50%, 04/15/25 (Call 03/15/25)		2,839		2,775,397
3.50%, 04/15/31 (Call 04/15/26)		3,815		3,404,101
3.60%, 11/15/60 (Call 05/15/60)		2,316		1,601,966
3.75%, 04/15/27 (Call 02/15/27)		5,234		5,017,085
3.88%, 04/15/30 (Call 01/15/30)		8,692		8,068,053
4.38%, 04/15/40 (Call 10/15/39)		2,691		2,359,069
4.50%, 04/15/50 (Call 10/15/49)		3,979		3,367,075
4.75%, 02/01/28 (Call 03/11/24)		1,905		1,871,513
4.80%, 07/15/28 (Call 06/15/28)		1,285		1,268,451
4.85%, 01/15/29 (Call 12/15/28)		1,650		1,628,493
4.95%, 03/15/28 (Call 02/15/28)		1,570		1,560,881
5.05%, 07/15/33 (Call 04/15/33)		2,895		2,831,470
5.15%, 04/15/34 (Call 01/15/34)		810		797,589
5.20%, 01/15/33 (Call 10/15/32)		1,100		1,093,459
5.38%, 04/15/27 (Call 03/11/24)		104		103,787
5.50%, 01/15/55 (Call 07/15/54)		580		564,886
5.65%, 01/15/53 (Call 07/15/52)		2,396		2,382,931
5.75%, 01/15/34 (Call 10/15/33)		1,450		1,492,508
5.75%, 01/15/54 (Call 07/15/53)		1,732		1,754,003
5.80%, 09/15/62 (Call 03/15/62)		995		1,011,764
6.00%, 06/15/54 (Call 12/15/53)(a)		945		989,711
Verizon Communications Inc.
0.85%, 11/20/25 (Call 10/20/25)		1,892		1,756,336
1.45%, 03/20/26 (Call 02/20/26)		3,097		2,871,564
1.50%, 09/18/30 (Call 06/18/30)		2,220		1,782,178
1.68%, 10/30/30 (Call 07/30/30)		1,658		1,336,636
1.75%, 01/20/31 (Call 10/20/30)		3,052		2,447,718
2.10%, 03/22/28 (Call 01/22/28)(a)		3,785		3,370,130
2.36%, 03/15/32 (Call 12/15/31)		5,765		4,674,196
2.55%, 03/21/31 (Call 12/21/30)		4,458		3,757,320
2.63%, 08/15/26		2,442		2,302,319
2.65%, 11/20/40 (Call 05/20/40)		3,867		2,666,128
2.85%, 09/03/41 (Call 03/03/41)		1,480		1,044,580
2.88%, 11/20/50 (Call 05/20/50)(a)		3,443		2,193,370
2.99%, 10/30/56 (Call 04/30/56)		4,896		3,041,964
3.00%, 03/22/27 (Call 01/22/27)		1,396		1,313,998
3.00%, 11/20/60 (Call 05/20/60)(a)		2,805		1,706,483
3.15%, 03/22/30 (Call 12/22/29)(a)		1,248		1,115,959
3.40%, 03/22/41 (Call 09/22/40)		4,443		3,404,072
3.55%, 03/22/51 (Call 09/22/50)(a)		5,570		4,044,965
3.70%, 03/22/61 (Call 09/22/60)(a)		3,882		2,742,987
3.85%, 11/01/42 (Call 05/01/42)		1,139		915,041
3.88%, 02/08/29 (Call 11/08/28)(a)		2,353		2,234,082
3.88%, 03/01/52 (Call 09/01/51)		1,559		1,204,019
4.00%, 03/22/50 (Call 09/22/49)		1,650		1,302,834
4.02%, 12/03/29 (Call 09/03/29)(a)		4,845		4,590,983
4.13%, 03/16/27		3,925		3,816,291
4.13%, 08/15/46		1,377		1,132,598
4.27%, 01/15/36		530		481,356
4.33%, 09/21/28		5,943		5,768,143
4.40%, 11/01/34 (Call 05/01/34)		2,640		2,455,534
4.50%, 08/10/33		3,042		2,870,749
4.52%, 09/15/48		1,520		1,330,010
4.67%, 03/15/55		770		680,447
4.75%, 11/01/41		965		888,307
4.81%, 03/15/39(a)		1,555		1,453,692
4.86%, 08/21/46(a)		3,100		2,841,286
5.01%, 04/15/49(a)		620		598,923
5.01%, 08/21/54		565		524,518
5.05%, 05/09/33 (Call 02/09/33)(a)		1,230		1,218,045

Security	Par (000)		Value
Telecommunications (continued)
5.25%, 03/16/37	$	1,578	$	1,575,586
5.50%, 03/16/47(a)		585		587,067
5.50%, 02/23/54 (Call 08/23/53)		375		370,481
5.85%, 09/15/35		565		591,288
6.40%, 09/15/33		350		376,472
6.55%, 09/15/43		1,120		1,250,197
7.75%, 12/01/30		1,340		1,531,447
Vodafone Group PLC
4.13%, 05/30/25		1,829		1,799,597
4.25%, 09/17/50		2,327		1,831,133
4.38%, 05/30/28(a)		1,215		1,194,177
4.38%, 02/19/43		1,880		1,582,501
4.88%, 06/19/49		2,622		2,270,267
5.00%, 05/30/38(a)		442		425,726
5.13%, 06/19/59(a)		389		342,169
5.25%, 05/30/48		371		346,025
5.63%, 02/10/53 (Call 08/10/52)		1,260		1,219,284
5.75%, 02/10/63 (Call 08/10/62)		390		381,494
6.15%, 02/27/37		2,199		2,293,559
6.25%, 11/30/32		1,121		1,189,561
7.88%, 02/15/30		1,263		1,432,956
Xiaomi Best Time International Ltd.
2.88%, 07/14/31 (Call 04/14/31)(a)(b)		610		502,054
3.38%, 04/29/30 (Call 01/29/30)(b)		115		100,351
4.10%, 07/14/51 (Call 01/14/51)(b)		275		194,282
				424,032,709
Toys, Games & Hobbies — 0.1%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)		902		846,721
3.55%, 11/19/26 (Call 09/19/26)		1,098		1,042,484
3.90%, 11/19/29 (Call 08/19/29)		1,460		1,338,009
5.10%, 05/15/44 (Call 11/15/43)		557		467,414
6.35%, 03/15/40(a)		664		670,637
Mattel Inc.
3.38%, 04/01/26 (Call 03/11/24)(b)		290		275,221
3.75%, 04/01/29 (Call 04/01/24)(a)(b)		992		905,983
5.45%, 11/01/41 (Call 05/01/41)		480		433,506
5.88%, 12/15/27 (Call 04/01/24)(b)		1,372		1,372,871
6.20%, 10/01/40(a)		385		378,535
				7,731,381
Transportation — 1.8%
AP Moller - Maersk A/S
4.50%, 06/20/29 (Call 03/20/29)(a)(b)		1,440		1,408,854
5.88%, 09/14/33 (Call 06/14/33)(b)		1,195		1,203,637
Burlington Northern Santa Fe LLC
2.88%, 06/15/52 (Call 12/15/51)		715		465,406
3.00%, 04/01/25 (Call 01/01/25)		884		864,000
3.05%, 02/15/51 (Call 08/15/50)		1,016		693,815
3.25%, 06/15/27 (Call 03/15/27)		993		947,482
3.30%, 09/15/51 (Call 03/15/51)(a)		1,187		849,868
3.55%, 02/15/50 (Call 08/15/49)		1,009		761,139
3.65%, 09/01/25 (Call 06/01/25)		373		365,233
3.90%, 08/01/46 (Call 02/01/46)		949		766,818
4.05%, 06/15/48 (Call 12/15/47)		981		811,903
4.13%, 06/15/47 (Call 12/15/46)		1,120		933,676
4.15%, 04/01/45 (Call 10/01/44)		457		386,116
4.15%, 12/15/48 (Call 06/15/48)		1,034		865,640
4.38%, 09/01/42 (Call 03/01/42)		887		786,661
4.40%, 03/15/42 (Call 09/15/41)		1,075		956,606
4.45%, 03/15/43 (Call 09/15/42)		1,207		1,074,797

S C H E D U L E  O F  I N V E S T M E N T S 129

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
4.45%, 01/15/53 (Call 07/15/52)	$	1,300	$	1,143,175
4.55%, 09/01/44 (Call 03/01/44)		1,080		966,610
4.70%, 09/01/45 (Call 03/01/45)(a)		807		740,704
4.90%, 04/01/44 (Call 10/01/43)		1,097		1,039,068
4.95%, 09/15/41 (Call 03/15/41)		690		659,176
5.05%, 03/01/41 (Call 09/01/40)		580		564,404
5.15%, 09/01/43 (Call 03/01/43)		910		889,841
5.20%, 04/15/54 (Call 10/15/53)		1,780		1,745,995
5.40%, 06/01/41 (Call 12/01/40)		902		907,259
5.75%, 05/01/40 (Call 11/01/39)		1,160		1,213,824
6.15%, 05/01/37		937		1,022,993
6.20%, 08/15/36		499		543,349
7.00%, 12/15/25		509		526,032
7.95%, 08/15/30		200		232,281
Canadian National Railway Co.
2.45%, 05/01/50 (Call 11/01/49)		1,342		835,337
2.75%, 03/01/26 (Call 12/01/25)		1,390		1,333,648
3.20%, 08/02/46 (Call 02/02/46)		1,450		1,074,241
3.50%, 11/15/42 (Call 05/15/42)		160		121,853
3.65%, 02/03/48 (Call 08/03/47)		534		423,236
3.85%, 08/05/32 (Call 05/05/32)		1,192		1,096,255
4.40%, 08/05/52 (Call 02/05/52)		765		675,577
4.45%, 01/20/49 (Call 07/20/48)		596		533,920
4.50%, 11/07/43 (Call 05/07/43)		320		281,253
5.85%, 11/01/33 (Call 08/01/33)		240		254,927
6.13%, 11/01/53 (Call 05/01/53)		120		136,207
6.20%, 06/01/36		330		358,743
6.25%, 08/01/34		876		954,047
6.38%, 11/15/37(a)		715		781,726
6.71%, 07/15/36(a)		10		11,076
6.90%, 07/15/28(a)		665		717,219
Canadian Pacific Railway Co.
1.75%, 12/02/26 (Call 11/02/26)		1,655		1,517,724
2.05%, 03/05/30 (Call 12/05/29)		1,077		908,049
2.45%, 12/02/31 (Call 09/02/31)		880		782,575
2.88%, 11/15/29 (Call 08/15/29)		552		490,646
3.00%, 12/02/41 (Call 06/02/41)		1,115		947,086
3.10%, 12/02/51 (Call 06/02/51)(a)		2,455		1,668,335
3.50%, 05/01/50 (Call 11/01/49)		954		699,277
3.70%, 02/01/26 (Call 11/01/25)		773		750,234
4.00%, 06/01/28 (Call 03/01/28)(a)		704		677,916
4.20%, 11/15/69 (Call 05/15/69)		631		493,480
4.30%, 05/15/43 (Call 11/15/42)		649		552,127
4.70%, 05/01/48 (Call 11/01/47)		571		502,397
4.80%, 09/15/35 (Call 03/15/35)(a)		760		726,616
4.80%, 08/01/45 (Call 02/01/45)		768		695,562
4.95%, 08/15/45 (Call 02/15/45)		654		599,900
5.75%, 03/15/33(a)		665		682,717
5.75%, 01/15/42		627		617,775
5.95%, 05/15/37(a)		882		911,375
6.13%, 09/15/2115 (Call 03/15/2115)		586		618,724
7.13%, 10/15/31(a)		570		636,732
Central Japan Railway Co., 4.25%, 11/24/45
(Call 05/24/45)(b)		165		140,484
CH Robinson Worldwide Inc., 4.20%, 04/15/28
(Call 01/15/28)		1,128		1,088,275
CSX Corp.
2.40%, 02/15/30 (Call 11/15/29)		1,171		1,017,339
2.50%, 05/15/51 (Call 11/15/50)		424		258,301
2.60%, 11/01/26 (Call 08/01/26)		1,710		1,613,807
3.25%, 06/01/27 (Call 03/01/27)		1,572		1,492,301

Security	Par (000)		Value
Transportation (continued)
3.35%, 11/01/25 (Call 08/01/25)	$	1,065	$	1,033,837
3.35%, 09/15/49 (Call 03/15/49)		1,030		739,266
3.80%, 03/01/28 (Call 12/01/27)		740		712,154
3.80%, 11/01/46 (Call 05/01/46)		1,126		887,350
3.80%, 04/15/50 (Call 10/15/49)		736		570,525
3.95%, 05/01/50 (Call 11/01/49)(a)		493		396,585
4.10%, 11/15/32 (Call 08/15/32)		1,085		1,013,740
4.10%, 03/15/44 (Call 09/15/43)		838		706,638
4.25%, 03/15/29 (Call 12/15/28)(a)		1,332		1,297,784
4.25%, 11/01/66 (Call 05/01/66)		495		396,721
4.30%, 03/01/48 (Call 09/01/47)		1,419		1,215,778
4.40%, 03/01/43 (Call 09/01/42)(a)		590		521,974
4.50%, 03/15/49 (Call 09/15/48)		803		701,854
4.50%, 11/15/52 (Call 05/15/52)(a)		812		711,774
4.50%, 08/01/54 (Call 02/01/54)		480		418,325
4.65%, 03/01/68 (Call 09/01/67)		615		529,387
4.75%, 05/30/42 (Call 11/30/41)		980		906,079
4.75%, 11/15/48 (Call 05/15/48)		763		697,805
5.20%, 11/15/33 (Call 08/15/33)(a)		995		1,001,926
5.50%, 04/15/41 (Call 10/15/40)		775		781,056
6.00%, 10/01/36		510		543,063
6.15%, 05/01/37(a)		786		852,145
6.22%, 04/30/40		918		995,020
Empresa de los Ferrocarriles del Estado
3.07%, 08/18/50 (Call 02/18/50)(b)		365		218,989
3.83%, 09/14/61 (Call 03/14/61)(a)(b)		875		577,459
Empresa de Transporte de Pasajeros Metro SA
3.65%, 05/07/30 (Call 02/07/30)(a)(b)		723		657,602
3.69%, 09/13/61 (Call 03/13/61)(b)		615		402,366
4.70%, 05/07/50 (Call 11/07/49)(b)		1,394		1,121,043
5.00%, 01/25/47 (Call 07/25/46)(a)(b)		437		373,075
ENA Master Trust, 4.00%, 05/19/48
(Call 02/19/48)(b)		155		108,423
FedEx Corp.
2.40%, 05/15/31 (Call 02/15/31)(a)		920		768,397
3.10%, 08/05/29 (Call 05/05/29)(a)		1,220		1,107,012
3.25%, 04/01/26 (Call 01/01/26)		1,517		1,462,505
3.25%, 05/15/41 (Call 11/15/40)		1,100		814,418
3.40%, 02/15/28 (Call 11/15/27)		704		664,555
3.88%, 08/01/42		753		597,702
3.90%, 02/01/35(a)		988		871,927
4.05%, 02/15/48 (Call 08/15/47)		1,323		1,041,939
4.10%, 04/15/43		691		563,539
4.10%, 02/01/45		1,053		843,672
4.20%, 10/17/28 (Call 07/17/28)		615		592,505
4.25%, 05/15/30 (Call 02/15/30)		920		877,528
4.40%, 01/15/47 (Call 07/15/46)		1,114		925,376
4.50%, 02/01/65(a)		173		134,901
4.55%, 04/01/46 (Call 10/01/45)		1,713		1,458,486
4.75%, 11/15/45 (Call 05/15/45)		1,947		1,704,956
4.90%, 01/15/34(a)		890		866,739
4.95%, 10/17/48 (Call 04/17/48)		958		865,090
5.10%, 01/15/44		1,004		930,861
5.25%, 05/15/50 (Call 11/15/49)(a)		1,547		1,458,191
JB Hunt Transport Services Inc., 3.88%,
03/01/26 (Call 01/01/26)		1,098		1,072,107
Kirby Corp., 4.20%, 03/01/28 (Call 12/01/27)		964		921,207
Misc Capital Two Labuan Ltd., 3.75%, 04/06/27
(Call 03/06/27)(a)(b)		1,025		977,101
Norfolk Southern Corp.
2.30%, 05/15/31 (Call 02/15/31)		657		548,361

130 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
2.55%, 11/01/29 (Call 08/01/29)	$	851	$	748,416
2.90%, 06/15/26 (Call 03/15/26)		602		573,786
2.90%, 08/25/51 (Call 02/25/51)		790		508,278
3.00%, 03/15/32 (Call 12/15/31)		184		158,239
3.05%, 05/15/50 (Call 11/15/49)		1,182		792,174
3.15%, 06/01/27 (Call 03/01/27)(a)		408		386,558
3.16%, 05/15/55 (Call 11/15/54)		919		603,653
3.40%, 11/01/49 (Call 05/01/49)(a)		574		412,759
3.65%, 08/01/25 (Call 06/01/25)(a)		535		522,751
3.70%, 03/15/53 (Call 09/15/52)		551		409,734
3.80%, 08/01/28 (Call 05/01/28)		550		526,627
3.94%, 11/01/47 (Call 05/01/47)		1,068		845,930
3.95%, 10/01/42 (Call 04/01/42)(a)		756		620,080
4.05%, 08/15/52 (Call 02/15/52)		1,076		860,598
4.10%, 05/15/49 (Call 11/15/48)		694		558,717
4.10%, 05/15/2121 (Call 11/15/2120)(a)		625		449,968
4.15%, 02/28/48 (Call 08/28/47)		1,017		840,646
4.45%, 03/01/33 (Call 12/01/32)(a)		475		452,692
4.45%, 06/15/45 (Call 12/15/44)		692		596,494
4.55%, 06/01/53 (Call 12/01/52)(a)		1,150		1,000,469
4.65%, 01/15/46 (Call 07/15/45)		665		589,700
4.80%, 08/15/43 (Call 02/15/43)		75		66,249
4.84%, 10/01/41		881		818,536
5.05%, 08/01/30 (Call 06/01/30)		1,025		1,023,852
5.10%, 12/31/49 (Call 02/01/2118)		75		65,152
5.35%, 08/01/54 (Call 02/01/54)		1,170		1,146,573
5.55%, 03/15/34 (Call 12/15/33)		720		739,177
5.59%, 05/17/25		465		466,134
5.95%, 03/15/64 (Call 09/15/63)		735		775,200
7.25%, 02/15/31(a)		875		962,586
7.80%, 05/15/27		445		481,561
Polar Tankers Inc., 5.95%, 05/10/37(a)(b)		1,360		1,379,542
Ryder System Inc.
1.75%, 09/01/26 (Call 08/01/26)		885		810,758
2.85%, 03/01/27 (Call 02/01/27)(a)		509		476,921
2.90%, 12/01/26 (Call 10/01/26)(a)		779		732,741
3.35%, 09/01/25 (Call 08/01/25)		719		697,097
4.30%, 06/15/27 (Call 05/15/27)		470		457,420
4.63%, 06/01/25 (Call 05/01/25)(a)		750		742,902
5.25%, 06/01/28 (Call 05/01/28)		640		641,193
5.30%, 03/15/27 (Call 02/15/27)(a)		335		335,404
5.38%, 03/15/29 (Call 02/15/29)		475		474,653
5.65%, 03/01/28 (Call 02/01/28)(a)		1,020		1,036,823
6.30%, 12/01/28 (Call 11/01/28)		505		526,105
6.60%, 12/01/33 (Call 09/01/33)		575		615,658
TTX Co.
3.90%, 02/01/45 (Call 08/01/44)(b)		50		39,897
4.20%, 07/01/46 (Call 01/01/46)(a)(b)		780		638,062
4.60%, 02/01/49 (Call 08/01/48)(a)(b)		599		523,597
4.65%, 06/15/44(b)		110		94,910
5.50%, 09/25/26 (Call 08/25/26)(b)		595		596,619
5.65%, 12/01/52 (Call 06/01/52)(b)		585		594,645
5.75%, 11/22/33 (Call 08/22/33)(b)		300		313,797
Union Pacific Corp.
2.15%, 02/05/27 (Call 12/05/26)		794		736,869
2.38%, 05/20/31 (Call 02/20/31)		1,350		1,140,656
2.40%, 02/05/30 (Call 11/05/29)		1,424		1,241,366
2.75%, 03/01/26 (Call 12/01/25)		1,224		1,172,380
2.80%, 02/14/32 (Call 12/15/31)(a)		1,650		1,416,181
2.89%, 04/06/36 (Call 01/06/36)		1,155		931,631
2.95%, 03/10/52 (Call 09/10/51)		1,305		872,686

Security	Par (000)		Value
Transportation (continued)
2.97%, 09/16/62 (Call 03/16/62)	$	1,379	$	858,599
3.00%, 04/15/27 (Call 01/15/27)		728		690,126
3.20%, 05/20/41 (Call 11/20/40)		1,421		1,097,297
3.25%, 08/15/25 (Call 05/15/25)		745		725,813
3.25%, 02/05/50 (Call 08/05/49)		1,912		1,376,882
3.35%, 08/15/46 (Call 02/15/46)		130		94,036
3.38%, 02/01/35 (Call 08/01/34)		820		698,534
3.38%, 02/14/42 (Call 08/14/41)		690		539,874
3.50%, 02/14/53 (Call 08/14/52)		1,620		1,205,788
3.55%, 08/15/39 (Call 02/15/39)		677		554,856
3.55%, 05/20/61 (Call 11/20/60)(a)		818		586,162
3.60%, 09/15/37 (Call 03/15/37)		837		715,673
3.70%, 03/01/29 (Call 12/01/28)		1,406		1,341,108
3.75%, 07/15/25 (Call 05/15/25)		732		718,247
3.75%, 02/05/70 (Call 08/05/69)		795		581,499
3.80%, 10/01/51 (Call 04/01/51)		1,520		1,202,616
3.80%, 04/06/71 (Call 10/06/70)		805		589,894
3.84%, 03/20/60 (Call 09/20/59)		2,427		1,843,655
3.85%, 02/14/72 (Call 08/14/71)		585		431,527
3.88%, 02/01/55 (Call 08/01/54)		670		522,610
3.95%, 09/10/28 (Call 06/10/28)(a)		1,586		1,538,372
3.95%, 08/15/59 (Call 02/15/59)		630		488,545
4.00%, 04/15/47 (Call 10/15/46)(a)		705		576,875
4.05%, 11/15/45 (Call 05/15/45)		635		520,868
4.05%, 03/01/46 (Call 09/01/45)		723		596,949
4.10%, 09/15/67 (Call 03/15/67)		672		532,157
4.30%, 03/01/49 (Call 09/01/48)		778		659,593
4.50%, 01/20/33 (Call 10/20/32)(a)		1,350		1,309,172
4.50%, 09/10/48 (Call 03/10/48)		615		539,705
4.75%, 02/21/26 (Call 01/21/26)(a)		835		833,021
4.95%, 09/09/52 (Call 03/09/52)(a)		696		670,014
4.95%, 05/15/53 (Call 11/15/52)(a)		770		736,845
5.15%, 01/20/63 (Call 07/20/62)(a)		185		177,212
6.63%, 02/01/29(a)		167		180,609
United Parcel Service Inc.
2.40%, 11/15/26 (Call 08/15/26)		928		874,427
2.50%, 09/01/29 (Call 06/01/29)		809		721,078
3.05%, 11/15/27 (Call 08/15/27)		1,611		1,514,791
3.40%, 03/15/29 (Call 12/15/28)		1,309		1,237,195
3.40%, 11/15/46 (Call 05/15/46)(a)		810		619,011
3.40%, 09/01/49 (Call 03/01/49)(a)		668		500,401
3.63%, 10/01/42		406		326,021
3.75%, 11/15/47 (Call 05/15/47)		1,725		1,367,841
3.90%, 04/01/25 (Call 03/01/25)		1,424		1,404,626
4.25%, 03/15/49 (Call 09/15/48)		1,004		866,637
4.45%, 04/01/30 (Call 01/01/30)		1,172		1,153,619
4.88%, 03/03/33 (Call 12/03/32)		1,400		1,388,146
4.88%, 11/15/40 (Call 05/15/40)		844		808,813
5.05%, 03/03/53 (Call 09/03/52)(a)		1,340		1,300,869
5.20%, 04/01/40 (Call 10/01/39)		917		911,777
5.30%, 04/01/50 (Call 10/01/49)(a)		1,565		1,569,652
6.20%, 01/15/38		2,099		2,297,279
United Parcel Service of America Inc., 7.62%,
04/01/30(c)		735		828,000
Walmart Inc.
1.05%, 09/17/26 (Call 08/17/26)(a)		1,755		1,603,297
1.50%, 09/22/28 (Call 07/22/28)		1,835		1,611,366
1.80%, 09/22/31 (Call 06/22/31)(a)		2,205		1,808,126
3.95%, 09/09/27 (Call 08/09/27)(a)		715		700,882
XPO Inc., 6.25%, 06/01/28 (Call 06/01/25)(b)		1,225		1,227,755
				190,794,343

S C H E D U L E  O F  I N V E S T M E N T S 131

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Trucking & Leasing — 0.3%
DAE Funding LLC
2.63%, 03/20/25 (Call 02/20/25)(b)	$	1,480	$	1,421,966
3.38%, 03/20/28 (Call 01/20/28)(a)(b)		695		636,655
GATX Corp.
1.90%, 06/01/31 (Call 03/01/31)		475		372,381
3.10%, 06/01/51 (Call 12/01/50)(a)		440		283,482
3.25%, 03/30/25 (Call 12/30/24)(a)		290		282,522
3.25%, 09/15/26 (Call 06/15/26)		953		906,316
3.50%, 03/15/28 (Call 12/15/27)(a)		473		443,386
3.50%, 06/01/32 (Call 03/01/32)(a)		551		476,531
3.85%, 03/30/27 (Call 12/30/26)(a)		511		489,568
4.00%, 06/30/30 (Call 03/30/30)		630		583,515
4.50%, 03/30/45 (Call 09/30/44)(a)		185		148,645
4.55%, 11/07/28 (Call 08/07/28)(a)		450		438,679
4.70%, 04/01/29 (Call 01/01/29)		675		659,897
4.90%, 03/15/33 (Call 12/15/32)(a)		570		542,851
5.20%, 03/15/44 (Call 09/15/43)(a)		290		264,439
5.40%, 03/15/27 (Call 02/15/27)		115		115,233
5.45%, 09/15/33 (Call 06/15/33)		385		382,779
6.05%, 03/15/34 (Call 12/15/33)		445		454,249
6.90%, 05/01/34 (Call 02/01/34)		350		380,449
Penske Truck Leasing Co. LP/PTL
Finance Corp.
1.20%, 11/15/25 (Call 10/15/25)(b)		937		870,361
1.70%, 06/15/26 (Call 05/15/26)(b)		1,437		1,322,750
3.35%, 11/01/29 (Call 08/01/29)(b)		643		572,155
3.40%, 11/15/26 (Call 08/15/26)(b)		1,023		968,615
3.95%, 03/10/25 (Call 01/10/25)(b)		956		937,871
4.00%, 07/15/25 (Call 06/15/25)(b)		694		678,122
4.20%, 04/01/27 (Call 01/01/27)(b)		942		908,694
4.40%, 07/01/27 (Call 06/01/27)(b)		622		603,554
4.45%, 01/29/26 (Call 11/29/25)(b)		817		796,915
5.35%, 01/12/27 (Call 12/12/26)(a)(b)		480		478,659
5.55%, 05/01/28 (Call 04/01/28)(b)		780		784,713
5.70%, 02/01/28 (Call 01/01/28)(a)(b)		975		983,839
5.75%, 05/24/26 (Call 04/24/26)(a)(b)		680		683,529
5.88%, 11/15/27 (Call 10/15/27)(a)(b)		945		959,533
6.05%, 08/01/28 (Call 07/01/28)(b)		1,655		1,692,785
6.20%, 06/15/30 (Call 04/15/30)(b)		640		662,915
SMBC Aviation Capital Finance DAC
1.90%, 10/15/26 (Call 09/15/26)(b)		1,140		1,036,565
2.30%, 06/15/28 (Call 04/15/28)(b)		790		693,294
5.45%, 05/03/28 (Call 04/03/28)(b)		740		738,501
5.70%, 07/25/33 (Call 04/25/33)(a)(b)		1,185		1,184,899
				26,841,812
Venture Capital — 0.0%
Hercules Capital Inc.
2.63%, 09/16/26 (Call 08/16/26).		615		553,965
3.38%, 01/20/27 (Call 12/20/26)(a)		507		459,921
				1,013,886
Water — 0.2%
American Water Capital Corp.
2.30%, 06/01/31 (Call 03/01/31)		730		604,945
2.80%, 05/01/30 (Call 02/01/30)		885		776,672
2.95%, 09/01/27 (Call 06/01/27)(a)		977		910,771
3.00%, 12/01/26 (Call 09/01/26)(a)		525		493,655
3.25%, 06/01/51 (Call 12/01/50)(a)		670		471,283
3.40%, 03/01/25 (Call 12/01/24)		936		917,450
3.45%, 06/01/29 (Call 03/01/29)		916		851,771
3.45%, 05/01/50 (Call 11/01/49)		744		544,473

Security	Par (000)		Value
Water (continued)
3.75%, 09/01/28 (Call 06/01/28)	$	647	$	614,142
3.75%, 09/01/47 (Call 03/01/47)(a)		866		674,701
4.00%, 12/01/46 (Call 06/01/46)		561		454,414
4.15%, 06/01/49 (Call 12/01/48)(a)		788		651,284
4.20%, 09/01/48 (Call 03/01/48)		822		691,902
4.30%, 12/01/42 (Call 06/01/42)(a)		456		395,585
4.30%, 09/01/45 (Call 03/01/45)		331		282,349
4.45%, 06/01/32 (Call 03/01/32)(a)		720		688,701
5.15%, 03/01/34 (Call 12/01/33)		625		619,813
5.45%, 03/01/54 (Call 09/01/53)		625		614,801
6.59%, 10/15/37(a)		799		898,494
Essential Utilities Inc.
2.40%, 05/01/31 (Call 02/01/31)(a)		830		681,093
2.70%, 04/15/30 (Call 01/15/30)		819		704,797
3.35%, 04/15/50 (Call 10/15/49)		487		336,527
3.57%, 05/01/29 (Call 02/01/29)(a)		905		839,168
4.28%, 05/01/49 (Call 11/01/48)(a)		806		651,376
5.30%, 05/01/52 (Call 11/01/51)		560		522,500
5.38%, 01/15/34 (Call 10/15/33)		390		383,536
United Utilities PLC, 6.88%, 08/15/28		330		349,765
				16,625,968
Total Corporate Bonds & Notes — 98.5% (Cost: $11,233,787,257)				10,317,717,081
Foreign Government Obligations(g)
Japan — 0.0%
Development Bank of Japan Inc.
4.38%, 09/22/25(b)		120		118,434
5.13%, 09/01/26(b)		25		25,106
				143,540
Panama — 0.0%
Banco Latinoamericano de Comercio
Exterior SA, 2.38%, 09/14/25
(Call 08/15/25)(b)		905		851,831
South Korea — 0.2%
Korea Electric Power Corp.
1.13%, 06/15/25(b)		632		598,850
3.63%, 06/14/25(b)		200		195,687
4.00%, 06/14/27(b)		140		135,161
4.88%, 01/31/27(b)		600		598,957
5.13%, 04/23/34(a)(b)		435		435,999
5.38%, 04/06/26(b)		100		100,245
5.38%, 07/31/26(b)		255		255,674
5.50%, 04/06/28(b)		155		157,572
7.00%, 02/01/27(a)		890		933,256
Korea Gas Corp.
1.13%, 07/13/26(b)		875		796,088
2.00%, 07/13/31(b)		550		446,756
2.25%, 07/18/26(b)		150		140,125
3.13%, 07/20/27(b)		1,751		1,642,562
3.50%, 07/02/26(a)(b)		580		557,769
3.88%, 07/13/27(a)(b)		2,180		2,097,695
Korea Housing Finance Corp.
4.63%, 02/24/28(b)		695		688,419
4.63%, 02/24/33(a)(b)		683		658,903
5.38%, 11/15/26(a)(b)		1,270		1,281,490
Korea Hydro & Nuclear Power Co. Ltd.
1.25%, 04/27/26(a)(b)		555		508,849

132 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
South Korea (continued)
3.13%, 07/25/27(b)	$	1,170	$	1,096,185
4.25%, 07/27/27(b)		70		68,002
5.00%, 07/18/28(b)		95		94,860
Korea National Oil Corp.
0.88%, 10/05/25(b)		647		603,230
1.25%, 04/07/26(b)		1,000		920,629
2.38%, 04/07/31(b)		970		814,656
2.50%, 10/24/26(b)		143		133,271
2.63%, 04/18/32(b)		500		415,516
3.25%, 10/01/25(b)		450		435,721
3.38%, 03/27/27(b)		500		475,503
				17,287,630
Total Foreign Government Obligations —0.2% (Cost: $19,084,643)				18,283,001
Total Long-Term Investments — 98.7% (Cost: $11,252,871,900)				10,336,000,082
	Shares
Short-Term Securities
Money Market Funds — 11.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(h)(i)(j)		1,212,696,770		1,213,303,118
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(h)(i)		14,600,000		14,600,000
Total Short-Term Securities — 11.7% (Cost: $1,227,506,429)				1,227,903,118
Total Investments — 110.4% (Cost: $12,480,378,329)				11,563,903,200
Liabilities in Excess of Other Assets —(10.4)%				(1,085,157,682	)
Net Assets—100.0%			$	10,478,745,518

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

^(b)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

^(d)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(e)  Perpetual security with no stated maturity date.

^(f)  Zero-coupon bond.

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

^(h)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	756,319,806	$	457,090,561	(a)	$	—		$	(53,157	)	$	(54,092	)	$	1,213,303,118		1,212,696,770	$	3,800,503	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		65,729,000		—			(51,129,000	)(a)		—			—			14,600,000		14,600,000		2,207,473			—
									$	(53,157	)	$	(54,092	)	$	1,227,903,118			$	6,007,976		$	—

^(a) Represents net amount purchased (sold).

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

S C H E D U L E  O F  I N V E S T M E N T S 133

Schedule of Investments (continued) February 29, 2024 iShares^® Broad USD Investment Grade Corporate Bond ETF

Fair Value Hierarchy as of Period End

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

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

	Level 1			Level 2			Level 3			Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—		$	10,317,717,081		$	—		$	10,317,717,081
Foreign Government Obligations		—			18,283,001			—			18,283,001
Short-Term Securities
Money Market Funds		1,227,903,118			—			—			1,227,903,118
	$	1,227,903,118		$	10,336,000,082		$	—		$	11,563,903,200

See notes to financial statements.

134 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.1%
Interpublic Group of Companies Inc. (The),
4.65%, 10/01/28 (Call 07/01/28)(a)	$	2,695	$	2,642,100
Omnicom Group Inc./Omnicom Capital Inc.,
3.60%, 04/15/26 (Call 01/15/26)		10,993		10,651,816
				13,293,916
Aerospace & Defense — 1.4%
Airbus SE, 3.15%, 04/10/27 (Call 01/10/27)(a)(b)		5,135		4,900,433
BAE Systems Finance Inc., 7.50%, 07/01/27(a)(b)		955		1,020,487
BAE Systems Holdings Inc., 3.85%, 12/15/25 (Call 09/15/25)(a)(b)		5,309		5,178,064
Boeing Co. (The)
2.20%, 02/04/26 (Call 03/11/24)		35,008		32,841,868
2.25%, 06/15/26 (Call 03/15/26)(a)		2,655		2,471,168
2.50%, 03/01/25 (Call 12/01/24)(a)		1,723		1,666,880
2.60%, 10/30/25 (Call 07/30/25)(a)		2,240		2,136,135
2.70%, 02/01/27 (Call 12/01/26)(a)		6,560		6,109,206
2.75%, 02/01/26 (Call 01/01/26)(a)		9,150		8,689,142
2.80%, 03/01/27 (Call 12/01/26)(a)		1,809		1,678,941
3.10%, 05/01/26 (Call 03/01/26)(a)		4,299		4,095,598
3.25%, 02/01/28 (Call 12/01/27)		7,373		6,840,546
3.25%, 03/01/28 (Call 12/01/27)		2,870		2,655,082
3.45%, 11/01/28 (Call 08/01/28)(a)		2,564		2,368,145
4.88%, 05/01/25 (Call 04/01/25)		22,139		21,934,026
5.04%, 05/01/27 (Call 03/01/27)(a)		12,762		12,641,701
General Dynamics Corp.
1.15%, 06/01/26 (Call 05/01/26)(a)		3,445		3,173,534
2.13%, 08/15/26 (Call 05/15/26)		3,387		3,169,773
2.63%, 11/15/27 (Call 08/15/27)(a)		1,370		1,267,235
3.25%, 04/01/25 (Call 03/01/25)(a)		5,085		4,978,628
3.50%, 05/15/25 (Call 03/15/25)(a)		5,099		5,001,844
3.50%, 04/01/27 (Call 02/01/27)		5,458		5,251,998
3.75%, 05/15/28 (Call 02/15/28)(a)		7,617		7,338,184
HEICO Corp., 5.25%, 08/01/28 (Call 07/01/28)		5,115		5,155,709
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		2,565		2,444,463
4.95%, 08/15/25 (Call 05/15/25)		2,520		2,480,152
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)		3,220		2,887,937
5.90%, 02/01/27(a)		4,080		4,118,997
6.75%, 01/15/28(a)		2,565		2,674,336
6.88%, 05/01/25 (Call 04/01/25)		475		479,977
L3Harris Technologies Inc.
3.83%, 04/27/25 (Call 01/27/25)(a)		4,410		4,329,096
3.85%, 12/15/26 (Call 09/15/26)(a)		3,689		3,563,208
4.40%, 06/15/28 (Call 03/15/28)		12,606		12,254,746
5.40%, 01/15/27(a)		8,040		8,090,025
Lockheed Martin Corp.
3.55%, 01/15/26 (Call 10/15/25)		6,673		6,502,987
4.45%, 05/15/28 (Call 04/15/28)(a)		2,838		2,797,624
4.50%, 02/15/29 (Call 01/15/29)		4,055		3,984,559
4.95%, 10/15/25 (Call 09/15/25)(a)		3,900		3,893,494
5.10%, 11/15/27 (Call 10/15/27)		5,142		5,198,877
Northrop Grumman Corp.
3.20%, 02/01/27 (Call 11/01/26)(a)		5,047		4,808,579
3.25%, 01/15/28 (Call 10/15/27)		12,735		11,942,929
4.60%, 02/01/29 (Call 01/01/29)(a)		3,725		3,647,815
RTX Corp.
2.65%, 11/01/26 (Call 08/01/26)(a)		4,661		4,388,082

Security	Par (000)		Value
Aerospace & Defense (continued)
3.13%, 05/04/27 (Call 02/04/27)(a)	$	6,842	$	6,456,550
3.50%, 03/15/27 (Call 12/15/26)		7,328		7,003,695
3.95%, 08/16/25 (Call 06/16/25)		10,064		9,871,556
4.13%, 11/16/28 (Call 08/16/28)		17,971		17,244,914
5.00%, 02/27/26 (Call 01/27/26)		3,375		3,366,823
5.75%, 11/08/26 (Call 10/08/26)(a)		10,460		10,609,592
5.75%, 01/15/29 (Call 12/15/28)		5,200		5,354,185
6.70%, 08/01/28(a)		1,345		1,429,180
7.20%, 08/15/27		2,445		2,579,606
				306,968,311
Agriculture — 1.1%
Altria Group Inc.
2.35%, 05/06/25 (Call 04/06/25)(a)		5,105		4,929,595
2.63%, 09/16/26 (Call 06/16/26)		3,715		3,489,273
4.40%, 02/14/26 (Call 12/14/25)		7,206		7,094,173
4.80%, 02/14/29 (Call 11/14/28)(a)		3,800		3,731,112
6.20%, 11/01/28 (Call 10/01/28)(a)		3,280		3,408,930
Archer-Daniels-Midland Co., 2.50%, 08/11/26 (Call 05/11/26)(a)		6,808		6,407,073
BAT Capital Corp.
2.26%, 03/25/28 (Call 01/25/28)		14,379		12,724,283
3.22%, 09/06/26 (Call 07/06/26)		6,568		6,228,181
3.56%, 08/15/27 (Call 05/15/27)		10,767		10,178,618
4.70%, 04/02/27 (Call 02/02/27)(a)		7,965		7,795,223
BAT International Finance PLC
1.67%, 03/25/26 (Call 02/25/26)(a)		9,329		8,643,077
3.95%, 06/15/25(b)		185		180,817
4.45%, 03/16/28 (Call 02/16/28)		9,412		9,076,809
5.93%, 02/02/29 (Call 01/02/29)		2,165		2,210,966
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		4,481		4,242,958
3.25%, 08/15/26 (Call 05/15/26)		5,004		4,773,473
3.75%, 09/25/27 (Call 06/25/27)(a)		4,050		3,876,063
Cargill Inc.
0.75%, 02/02/26 (Call 01/02/26)(a)(b)		3,398		3,135,309
3.50%, 04/22/25 (Call 04/01/24)(a)(b)		3,550		3,482,125
3.63%, 04/22/27 (Call 03/22/27)(a)(b)		3,475		3,344,088
4.50%, 06/24/26(a)(b)		4,285		4,231,634
4.88%, 10/10/25 (Call 09/10/25)(b)		5,090		5,069,744
Imperial Brands Finance PLC
3.50%, 07/26/26 (Call 05/26/26)(b)		5,014		4,769,654
4.25%, 07/21/25 (Call 04/21/25)(b)		10,087		9,885,868
6.13%, 07/27/27 (Call 06/27/27)(b)		6,646		6,765,553
Philip Morris International Inc.
0.88%, 05/01/26 (Call 04/01/26)		5,273		4,818,472
1.50%, 05/01/25 (Call 04/01/25)(a)		4,809		4,609,299
2.75%, 02/25/26 (Call 11/25/25)		5,106		4,875,289
3.13%, 08/17/27 (Call 05/17/27)(a)		2,635		2,482,102
3.13%, 03/02/28 (Call 12/02/27)		1,875		1,744,746
3.38%, 08/11/25 (Call 05/11/25)		5,008		4,883,460
4.75%, 02/12/27		4,375		4,320,665
4.88%, 02/13/26		11,075		11,021,452
4.88%, 02/15/28 (Call 01/15/28)		13,413		13,339,141
4.88%, 02/13/29 (Call 01/13/29)		5,575		5,479,654
5.00%, 11/17/25		5,010		4,992,505
5.13%, 11/17/27 (Call 10/17/27)		10,393		10,410,580
5.25%, 09/07/28 (Call 08/07/28)		3,950		3,979,900
Reynolds American Inc., 4.45%, 06/12/25 (Call 03/12/25)		13,741		13,530,184

S C H E D U L E  O F  I N V E S T M E N T S 135

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Agriculture (continued)
Viterra Finance BV
2.00%, 04/21/26 (Call 03/21/26)(b)	$	4,147	$	3,838,670
4.90%, 04/21/27 (Call 03/21/27)(a)(b)		3,025		2,961,178
				236,961,896
Airlines — 0.3%
Delta Air Lines Inc., 7.00%, 05/01/25(b)		5,002		5,083,991
Delta Air Lines Inc./SkyMiles IP Ltd.
4.50%, 10/20/25(b)		7,311		7,220,140
4.75%, 10/20/28(a)(b)		11,840		11,573,731
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27 (Call 04/01/24)(a)(b)		16,443		16,447,251
Southwest Airlines Co.
3.00%, 11/15/26 (Call 08/15/26)		882		832,564
3.45%, 11/16/27 (Call 08/16/27)(a)		600		564,439
5.13%, 06/15/27 (Call 04/15/27)		10,676		10,632,875
5.25%, 05/04/25 (Call 04/04/25)		7,905		7,883,264
				60,238,255
Alternate Investments — 0.0%
New Mountain Finance Corp., 6.88%, 02/01/29 (Call 01/01/29)		1,005		983,653
Oaktree Strategic Credit Fund, 8.40%, 11/14/28 (Call 10/14/28)(a)(b)		550		577,973
				1,561,626
Apparel — 0.2%
NIKE Inc.
2.38%, 11/01/26 (Call 08/01/26)(a)		6,247		5,878,274
2.75%, 03/27/27 (Call 01/27/27)(a)		7,180		6,770,882
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)(a)		3,127		3,082,602
Ralph Lauren Corp., 3.75%, 09/15/25 (Call 07/15/25)(a)		2,526		2,468,262
Tapestry Inc.
4.13%, 07/15/27 (Call 04/15/27)		3,260		3,098,609
4.25%, 04/01/25 (Call 01/01/25)(a)		993		978,798
7.00%, 11/27/26(a)		8,495		8,724,810
7.05%, 11/27/25		3,105		3,162,969
7.35%, 11/27/28 (Call 10/27/28)		6,055		6,333,544
VF Corp.
2.40%, 04/23/25 (Call 03/23/25)(a)		4,700		4,505,138
2.80%, 04/23/27 (Call 02/23/27)(a)		3,566		3,237,698
				48,241,586
Auto Manufacturers — 4.6%
American Honda Finance Corp.
1.00%, 09/10/25		4,920		4,623,413
1.20%, 07/08/25		5,126		4,861,713
1.30%, 09/09/26(a)		4,358		3,976,008
2.00%, 03/24/28		5,200		4,661,172
2.25%, 01/12/29		1,965		1,743,552
2.30%, 09/09/26(a)		2,479		2,326,997
2.35%, 01/08/27		874		815,416
3.50%, 02/15/28(a)		375		356,352
4.70%, 01/12/28		3,990		3,972,972
4.75%, 01/12/26		3,630		3,606,828
4.95%, 01/09/26(a)		4,355		4,339,932
5.00%, 05/23/25(a)		5,295		5,280,156
5.13%, 07/07/28		6,039		6,089,518
5.25%, 07/07/26(a)		4,975		5,013,226
5.65%, 11/15/28		4,865		5,004,880
5.80%, 10/03/25(a)		4,010		4,048,015
Series A, 4.60%, 04/17/25(a)		5,365		5,327,917

Security	Par (000)		Value
Auto Manufacturers (continued)
BMW U.S. Capital LLC
1.25%, 08/12/26 (Call 07/12/26)(b)	$	3,136	$	2,865,340
2.80%, 04/11/26 (Call 01/11/26)(a)(b)		5,778		5,527,113
3.25%, 04/01/25(a)(b)		3,255		3,186,056
3.30%, 04/06/27 (Call 01/06/27)(b)		1,785		1,698,471
3.45%, 04/01/27 (Call 03/01/27)(a)(b)		4,365		4,187,056
3.75%, 04/12/28 (Call 01/12/28)(b)		5,580		5,353,270
3.90%, 04/09/25 (Call 03/09/25)(a)(b)		9,729		9,592,659
3.95%, 08/14/28 (Call 05/14/28)(a)(b)		665		639,334
5.05%, 08/11/28 (Call 07/11/28)(a)(b)		7,930		7,977,944
5.30%, 08/11/25(b)		4,855		4,868,623
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)(a)		3,089		2,897,477
4.90%, 02/20/29 (Call 01/20/29)(a)		1,085		1,080,361
7.13%, 03/01/28(a)		5,713		6,136,058
Daimler Trucks Finance North America LLC
2.00%, 12/14/26(a)(b)		7,788		7,144,033
2.38%, 12/14/28(a)(b)		4,680		4,142,513
3.50%, 04/07/25(b)		3,622		3,544,128
3.65%, 04/07/27(a)(b)		4,573		4,387,209
5.00%, 01/15/27(b)		2,580		2,570,145
5.13%, 01/19/28(a)(b)		3,345		3,341,492
5.15%, 01/16/26(b)		4,260		4,246,940
5.40%, 09/20/28(b)		3,830		3,873,571
5.60%, 08/08/25(b)		3,855		3,863,876
Ford Motor Co.
4.35%, 12/08/26 (Call 09/08/26)		6,150		5,974,322
6.63%, 10/01/28(a)		1,630		1,706,283
Ford Motor Credit Co. LLC
2.70%, 08/10/26 (Call 07/10/26)(a)		7,685		7,134,419
2.90%, 02/16/28 (Call 12/16/27)(a)		5,515		4,941,404
2.90%, 02/10/29 (Call 12/10/28)		3,850		3,354,219
3.38%, 11/13/25 (Call 10/13/25)		8,910		8,548,465
3.82%, 11/02/27 (Call 08/02/27)		5,570		5,194,307
4.13%, 08/04/25		4,055		3,957,133
4.13%, 08/17/27 (Call 06/17/27)		7,570		7,164,425
4.27%, 01/09/27 (Call 11/09/26)(a)		5,655		5,417,301
4.39%, 01/08/26		4,970		4,832,726
4.54%, 08/01/26 (Call 06/01/26)(a)		4,905		4,755,349
4.95%, 05/28/27 (Call 04/28/27)		9,740		9,469,369
5.13%, 06/16/25 (Call 05/16/25)		6,280		6,216,395
5.80%, 03/05/27 (Call 02/05/27)		7,345		7,330,776
6.80%, 05/12/28 (Call 04/12/28)		10,040		10,360,857
6.80%, 11/07/28 (Call 10/07/28)		9,170		9,503,967
6.95%, 03/06/26 (Call 02/06/26)(a)		4,545		4,626,830
6.95%, 06/10/26 (Call 05/10/26)(a)		3,095		3,156,584
7.35%, 11/04/27 (Call 10/04/27)		10,305		10,770,520
General Motors Co.
4.00%, 04/01/25(a)		4,286		4,218,869
4.20%, 10/01/27 (Call 07/01/27)(a)		4,976		4,800,767
5.00%, 10/01/28 (Call 07/01/28)(a)		4,395		4,367,816
6.13%, 10/01/25 (Call 09/01/25)(a)		13,509		13,618,619
6.80%, 10/01/27 (Call 08/01/27)		6,660		6,954,359
General Motors Financial Co. Inc.
1.25%, 01/08/26 (Call 12/08/25)		9,929		9,200,704
1.50%, 06/10/26 (Call 05/10/26)		8,171		7,485,202
2.35%, 02/26/27 (Call 01/26/27)		6,343		5,814,585
2.40%, 04/10/28 (Call 02/10/28)		7,700		6,863,674
2.40%, 10/15/28 (Call 08/15/28)		7,575		6,659,973
2.70%, 08/20/27 (Call 06/20/27)		5,937		5,446,565
2.75%, 06/20/25 (Call 05/20/25)(a)		8,649		8,346,038

136 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
3.80%, 04/07/25	$	7,234	$	7,098,766
3.85%, 01/05/28 (Call 10/05/27)(a)		2,520		2,392,214
4.00%, 10/06/26 (Call 07/06/26)(a)		4,995		4,829,273
4.30%, 07/13/25 (Call 04/13/25)(a)		6,127		6,025,379
4.35%, 04/09/25 (Call 02/09/25)(a)		6,947		6,856,672
4.35%, 01/17/27 (Call 10/17/26)		8,338		8,115,208
5.00%, 04/09/27 (Call 03/09/27)		8,709		8,625,174
5.25%, 03/01/26 (Call 12/01/25)(a)		8,197		8,170,657
5.40%, 04/06/26		10,635		10,639,819
5.40%, 05/08/27		1,020		1,020,458
5.65%, 01/17/29 (Call 10/17/28)		5,125		5,170,469
5.80%, 06/23/28 (Call 05/23/28)		9,366		9,512,052
5.80%, 01/07/29 (Call 12/07/28)(a)		6,000		6,072,991
6.00%, 01/09/28 (Call 12/09/27)(a)		6,920		7,064,856
6.05%, 10/10/25		8,890		8,956,321
Honda Motor Co. Ltd.
2.27%, 03/10/25 (Call 02/10/25)		7,866		7,641,735
2.53%, 03/10/27 (Call 02/10/27)(a)		11,640		10,871,157
Hyundai Capital America
1.30%, 01/08/26 (Call 12/08/25)(a)(b)		5,202		4,821,305
1.50%, 06/15/26 (Call 05/15/26)(b)		5,169		4,730,353
1.65%, 09/17/26 (Call 08/17/26)(a)(b)		5,910		5,386,609
1.80%, 10/15/25 (Call 09/15/25)(a)(b)		4,722		4,450,782
1.80%, 01/10/28 (Call 11/08/27)(a)(b)		4,560		4,007,732
2.00%, 06/15/28 (Call 04/15/28)(b)		6,500		5,693,851
2.10%, 09/15/28 (Call 07/17/28)(a)(b)		3,560		3,106,273
2.38%, 10/15/27 (Call 08/15/27)(a)(b)		4,325		3,914,458
2.75%, 09/27/26(b)		3,209		3,001,889
3.00%, 02/10/27 (Call 12/10/26)(a)(b)		3,144		2,950,053
3.50%, 11/02/26 (Call 09/02/26)(a)(b)		4,401		4,196,717
5.25%, 01/08/27(b)		2,545		2,535,911
5.30%, 01/08/29 (Call 12/08/28)(b)		3,745		3,736,171
5.50%, 03/30/26(a)(b)		7,590		7,595,936
5.60%, 03/30/28 (Call 02/29/28)(b)		5,960		6,014,962
5.65%, 06/26/26(a)(b)		4,760		4,774,730
5.68%, 06/26/28 (Call 05/26/28)(a)(b)		7,275		7,375,184
5.80%, 06/26/25(a)(b)		3,780		3,794,192
5.88%, 04/07/25 (Call 03/07/25)(a)(b)		4,022		4,033,709
5.95%, 09/21/26(a)(b)		4,470		4,520,433
6.00%, 07/11/25(a)(b)		1,920		1,930,003
6.10%, 09/21/28 (Call 08/21/28)(a)(b)		6,215		6,400,159
6.25%, 11/03/25(a)(b)		3,315		3,352,946
6.50%, 01/16/29 (Call 12/16/28)(a)(b)		3,735		3,908,814
Hyundai Capital Services Inc.
1.25%, 02/08/26(b)		2,821		2,598,894
2.13%, 04/24/25(b)		220		211,351
2.50%, 01/24/27(a)(b)		3,695		3,402,598
3.63%, 08/29/27(a)(b)		1,340		1,262,807
5.13%, 02/05/29(b)		950		939,815
Kia Corp.
1.75%, 10/16/26(a)(b)		2,695		2,460,107
2.75%, 02/14/27(a)(b)		4,260		3,964,932
3.25%, 04/21/26(b)		905		864,588
3.50%, 10/25/27(b)		350		327,849
Mercedes-Benz Finance North America LLC
1.45%, 03/02/26(b)		6,729		6,253,840
2.13%, 03/10/25(b)		3,019		2,925,288
3.30%, 05/19/25(b)		4,117		4,021,671
3.45%, 01/06/27(a)(b)		4,663		4,476,605
3.50%, 08/03/25(b)		3,233		3,158,057
3.75%, 02/22/28(a)(b)		6,090		5,827,812

Security	Par (000)		Value
Auto Manufacturers (continued)
4.80%, 03/30/26(a)(b)	$	6,760	$	6,712,156
4.80%, 01/11/27(a)(b)		3,955		3,935,389
4.80%, 03/30/28(a)(b)		6,892		6,840,447
4.85%, 01/11/29(a)(b)		5,615		5,563,319
4.90%, 01/09/26(a)(b)		3,880		3,865,899
4.95%, 03/30/25(a)(b)		4,607		4,594,246
5.10%, 08/03/28(b)		6,215		6,236,590
5.20%, 08/03/26(a)(b)		3,730		3,737,532
5.25%, 11/29/27(a)(b)		3,463		3,485,367
5.38%, 08/01/25(b)		3,905		3,914,021
5.38%, 11/26/25(b)		3,940		3,949,237
Nissan Motor Acceptance Co. LLC
1.85%, 09/16/26 (Call 08/16/26)(a)(b)		4,840		4,356,843
2.00%, 03/09/26 (Call 02/09/26)(b)		6,210		5,724,526
2.45%, 09/15/28 (Call 07/15/28)(a)(b)		1,520		1,300,330
2.75%, 03/09/28 (Call 01/09/28)(a)(b)		5,678		4,998,377
6.95%, 09/15/26(a)(b)		2,350		2,412,575
7.05%, 09/15/28 (Call 08/15/28)(a)(b)		5,240		5,458,540
Nissan Motor Co. Ltd.
3.52%, 09/17/25 (Call 08/17/25)(b)		5,320		5,116,921
4.35%, 09/17/27 (Call 07/17/27)(a)(b)		16,420		15,595,815
PACCAR Financial Corp.
1.10%, 05/11/26(a)		1,162		1,071,218
2.00%, 02/04/27(a)		1,462		1,345,715
2.85%, 04/07/25(a)		835		815,095
3.55%, 08/11/25(a)		3,845		3,765,386
4.45%, 03/30/26		3,783		3,749,545
4.60%, 01/10/28(a)		2,325		2,314,920
4.60%, 01/31/29(a)		3,600		3,561,776
4.95%, 10/03/25		1,795		1,793,034
4.95%, 08/10/28(a)		450		453,278
5.05%, 08/10/26		1,770		1,776,140
5.20%, 11/09/26(a)		2,530		2,551,592
Stellantis Finance U.S. Inc.
1.71%, 01/29/27 (Call 12/29/26)(a)(b)		6,249		5,680,352
5.63%, 01/12/28 (Call 12/12/27)(a)(b)		3,950		4,050,131
Toyota Motor Corp.
1.34%, 03/25/26 (Call 02/25/26)(a)		7,089		6,580,437
5.12%, 07/13/28 (Call 06/13/28)(a)		4,805		4,899,370
5.28%, 07/13/26 (Call 06/13/26)(a)		3,340		3,365,315
Toyota Motor Credit Corp.
0.80%, 10/16/25(a)		7,198		6,729,507
0.80%, 01/09/26(a)		5,101		4,731,766
1.13%, 06/18/26(a)		6,900		6,332,178
1.15%, 08/13/27(a)		1,565		1,386,929
1.90%, 01/13/27		6,695		6,172,339
1.90%, 04/06/28(a)		405		361,794
3.00%, 04/01/25		8,890		8,686,207
3.05%, 03/22/27(a)		11,230		10,653,781
3.05%, 01/11/28(a)		1,180		1,110,999
3.20%, 01/11/27(a)		2,225		2,125,910
3.40%, 04/14/25		3,891		3,813,788
3.65%, 08/18/25		5,565		5,453,521
3.65%, 01/08/29		2,995		2,836,405
3.95%, 06/30/25		9,008		8,869,521
4.45%, 05/18/26		8,160		8,074,703
4.55%, 09/20/27		8,815		8,738,425
4.63%, 01/12/28(a)		8,315		8,263,822
4.65%, 01/05/29(a)		5,260		5,203,983
4.80%, 01/05/26		2,840		2,828,351
5.00%, 08/14/26		4,855		4,854,370

S C H E D U L E  O F  I N V E S T M E N T S 137

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
5.25%, 09/11/28(a)	$	3,925	$	3,984,209
5.40%, 11/10/25		4,530		4,556,283
5.40%, 11/20/26		4,705		4,752,822
5.45%, 11/10/27(a)		6,615		6,746,672
5.60%, 09/11/25(a)		2,780		2,803,922
Volkswagen Group of America Finance LLC
1.25%, 11/24/25 (Call 10/24/25)(b)		8,276		7,706,480
1.63%, 11/24/27 (Call 09/24/27)(a)(b)		3,550		3,136,541
3.20%, 09/26/26 (Call 07/26/26)(a)(b)		4,608		4,376,925
3.35%, 05/13/25(b)		6,907		6,728,243
3.95%, 06/06/25(a)(b)		5,845		5,724,181
4.35%, 06/08/27 (Call 05/08/27)(a)(b)		7,476		7,290,366
4.63%, 11/13/25(a)(b)		5,206		5,136,931
4.75%, 11/13/28(a)(b)		7,025		6,940,236
5.65%, 09/12/28 (Call 08/12/28)(a)(b)		6,130		6,238,957
5.70%, 09/12/26(b)		4,000		4,037,104
5.80%, 09/12/25(a)(b)		5,545		5,568,591
6.00%, 11/16/26(a)(b)		3,555		3,622,221
6.20%, 11/16/28 (Call 10/16/28)(a)(b)		3,635		3,784,834
				981,292,396
Auto Parts & Equipment — 0.1%
BorgWarner Inc., 2.65%, 07/01/27 (Call 05/01/27)(a)		7,873		7,269,727
Denso Corp., 1.24%, 09/16/26 (Call 08/16/26)(a)(b)		3,107		2,809,929
Lear Corp., 3.80%, 09/15/27 (Call 06/15/27)(a)		3,233		3,095,002
LG Energy Solution Ltd.
5.63%, 09/25/26(b)		200		200,548
5.75%, 09/25/28(a)(b)		5,000		5,050,550
Magna International Inc.
4.15%, 10/01/25 (Call 07/01/25)		4,065		3,990,368
5.98%, 03/21/26 (Call 03/21/24)(a)		550		550,091
				22,966,215
Banks — 32.6%
ABN AMRO Bank NV
1.54%, 06/16/27 (Call 06/16/26), (1-year CMT + 0.800%)(b)(c)		3,550		3,217,360
2.47%, 12/13/29 (Call 12/13/28), (1-year CMT + 1.100%)(b)(c)		7,124		6,196,108
4.75%, 07/28/25(a)(b)		7,598		7,453,941
4.80%, 04/18/26(b)		4,606		4,493,743
6.34%, 09/18/27 (Call 09/18/26), (1-year CMT + 1.650%)(b)(c)		6,125		6,229,001
6.58%, 10/13/26 (Call 10/13/25), (1-year CMT + 1.550%)(a)(b)(c)		2,300		2,321,883
AIB Group PLC
6.61%, 09/13/29 (Call 09/13/28), (1-day SOFR + 2.330%)(a)(b)(c)		2,640		2,739,345
7.58%, 10/14/26 (Call 10/14/25), (1-day SOFR + 3.456%)(b)(c)		680		697,379
ANZ Bank New Zealand Ltd.,
5.55%, 08/11/32 (Call 08/11/27), (5-year CMT + 2.700%)(a)(b)(c)		2,470		2,482,871
ANZ New Zealand Int’l Ltd./London
1.25%, 06/22/26(b)		1,788		1,633,171
3.45%, 07/17/27(a)(b)		2,909		2,746,772
3.45%, 01/21/28(b)		3,290		3,084,720
5.36%, 08/14/28(a)(b)		7,595		7,657,014
ASB Bank Ltd.
1.63%, 10/22/26(a)(b)		1,788		1,627,678

Security	Par (000)		Value
Banks (continued)
5.35%, 06/15/26(a)(b)	$	1,675	$	1,674,343
5.40%, 11/29/27(a)(b)		3,260		3,281,135
Australia & New Zealand Banking Group Ltd.
2.95%, 07/22/30 (Call 07/22/25), (5-year CMT + 1.288%)(a)(b)(c)		8,103		7,746,065
3.70%, 11/16/25		5,493		5,373,459
4.40%, 05/19/26(b)		6,218		6,038,802
4.75%, 01/18/27		8,310		8,277,530
5.09%, 12/08/25		5,270		5,274,324
5.38%, 07/03/25(a)		4,900		4,915,059
5.67%, 10/03/25(a)		7,775		7,846,832
Banco Bilbao Vizcaya Argentaria SA
1.13%, 09/18/25		4,233		3,958,196
5.86%, 09/14/26 (Call 09/14/25), (1-year CMT + 2.300%)(a)(c)		5,918		5,914,937
6.14%, 09/14/28 (Call 09/14/27), (1-year CMT + 2.700%)(c)		3,985		4,044,485
Banco de Bogota SA, 4.38%, 08/03/27 (Call 05/03/27)(a)(b)		260		246,417
Banco de Credito del Peru SA
3.13%, 07/01/30 (Call 07/01/25), (5-year CMT + 3.000%)(b)(c)		2,633		2,499,609
3.25%, 09/30/31 (Call 09/30/26), (5-year CMT + 2.450%)(b)(c)		2,665		2,457,589
5.85%, 01/11/29 (Call 12/11/28)(a)(b)		205		207,204
Banco de Credito e Inversiones SA, 3.50%, 10/12/27(a)(b)		695		654,480
Banco General SA, 4.13%, 08/07/27 (Call 05/07/27)(b)		330		312,510
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.38%, 04/11/27 (Call 01/11/27)(b)		2,145		2,069,683
Banco Internacional del Peru SAA Interbank, 3.25%, 10/04/26 (Call 08/04/26)(b)		245		230,731
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, 5.38%, 04/17/25(b)		3,184		3,163,879
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)(c)		9,081		8,216,229
1.85%, 03/25/26		8,593		7,975,429
2.75%, 05/28/25(a)		8,743		8,436,522
3.50%, 03/24/25(a)		7,117		6,971,889
3.80%, 02/23/28(a)		9,305		8,767,183
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)(c)		9,635		9,225,227
4.25%, 04/11/27(a)		6,325		6,098,911
4.38%, 04/12/28		11,075		10,645,277
5.15%, 08/18/25		9,085		9,017,620
5.18%, 11/19/25		8,627		8,511,479
5.29%, 08/18/27		10,928		10,855,935
5.59%, 08/08/28(a)		11,600		11,702,814
6.53%, 11/07/27 (Call 11/07/26), (1-year CMT + 1.650%)(c)		5,800		5,933,911
6.61%, 11/07/28(a)		7,750		8,142,822
Bangkok Bank PCL/Hong Kong
4.30%, 06/15/27 (Call 05/15/27)(b)		605		586,647
4.45%, 09/19/28(b)		60		58,047
5.30%, 09/21/28 (Call 08/21/28)(b)		4,655		4,666,376

138 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Bank of America Corp.
1.20%, 10/24/26 (Call 10/24/25), (1-day SOFR + 1.010%)(a)(c)	$	17,694	$	16,484,985
1.32%, 06/19/26 (Call 06/19/25),
(1-day SOFR + 1.150%)(c)		21,843		20,674,642
1.73%, 07/22/27 (Call 07/22/26),
(1-day SOFR + 0.960%)(a)(c)		43,976		40,325,171
2.09%, 06/14/29 (Call 06/14/28),
(1-day SOFR + 1.060%)(c)		11,450		10,062,033
2.55%, 02/04/28 (Call 02/04/27),
(1-day SOFR + 1.050%)(c)		14,243		13,181,061
3.25%, 10/21/27 (Call 10/21/26)(a)		11,851		11,201,003
3.38%, 04/02/26 (Call 04/02/25),
(1-day SOFR + 1.330%)(c)		14,553		14,204,995
3.42%, 12/20/28 (Call 12/20/27),
(3-mo. SOFR + 1.302%)(c)		41,347		38,627,757
3.50%, 04/19/26		20,141		19,525,755
3.56%, 04/23/27 (Call 04/23/26),
(3-mo. SOFR + 1.322%)(c)		20,717		19,926,038
3.59%, 07/21/28 (Call 07/21/27),
(3-mo. SOFR + 1.632%)(a)(c)		16,940		16,060,134
3.71%, 04/24/28 (Call 04/24/27),
(3-mo. SOFR + 1.774%)(a)(c)		17,350		16,541,569
3.82%, 01/20/28 (Call 01/20/27),
(3-mo. SOFR + 1.837%)(c)		20,565		19,753,677
3.88%, 08/01/25		15,013		14,778,979
3.97%, 03/05/29 (Call 03/05/28),
(3-mo. SOFR + 1.332%)(c)		13,913		13,232,833
3.97%, 02/07/30 (Call 02/07/29),
(3-mo. SOFR + 1.472%)(c)		6,030		5,668,119
4.25%, 10/22/26		14,618		14,302,791
4.27%, 07/23/29 (Call 07/23/28),
(3-mo. SOFR + 1.572%)(c)		11,698		11,239,424
4.38%, 04/27/28 (Call 04/27/27),
(1-day SOFR + 1.580%)(c)		18,797		18,273,849
4.45%, 03/03/26		8,547		8,411,383
4.83%, 07/22/26 (Call 07/22/25),
(1-day SOFR + 1.750%)(c)		16,866		16,724,220
4.95%, 07/22/28 (Call 07/22/27),
(1-day SOFR + 2.040%)(c)		23,776		23,539,884
5.08%, 01/20/27 (Call 01/20/26),
(1-day SOFR + 1.290%)(c)		21,040		20,906,838
5.20%, 04/25/29 (Call 04/25/28),
(1-day SOFR + 1.630%)(c)		32,460		32,284,176
5.82%, 09/15/29 (Call 09/15/28),
(1-day SOFR + 1.570%)(c)		13,490		13,747,361
5.93%, 09/15/27 (Call 09/15/26),
(1-day SOFR + 1.340%)(a)(c)		6,125		6,206,938
6.20%, 11/10/28 (Call 11/10/27),
(1-day SOFR + 1.990%)(c)		11,945		12,323,748
6.22%, 09/15/26(a)		2,609		2,667,720
Series L, 3.95%, 04/21/25		17,920		17,624,620
Series L, 4.18%, 11/25/27 (Call 11/25/26)		17,169		16,600,322
Series N, 1.66%, 03/11/27 (Call 03/11/26),
(1-day SOFR + 0.910%)(c)		20,136		18,684,074
Bank of America NA
5.53%, 08/18/26 (Call 07/18/26)		16,060		16,218,823
5.65%, 08/18/25 (Call 07/18/25)		16,055		16,170,943

Security	Par (000)		Value
Banks (continued)
Bank of Ireland Group PLC
2.03%, 09/30/27 (Call 09/30/26),
(1-year CMT + 1.100%)(b)(c)	$	3,099	$	2,818,881
6.25%, 09/16/26 (Call 09/16/25),
(1-year CMT + 2.650%)(a)(b)(c)		9,300		9,349,140
Bank of Montreal
0.95%, 01/22/27 (Call 01/22/26),
(1-day SOFR + 0.603%)(c)		5,870		5,415,773
1.25%, 09/15/26		7,689		6,994,325
1.85%, 05/01/25		7,861		7,554,355
2.65%, 03/08/27		8,027		7,495,161
3.70%, 06/07/25		7,225		7,079,083
3.80%, 12/15/32 (Call 12/15/27),
(5-year USD Swap + 1.432%)(c)		7,985		7,351,708
5.20%, 02/01/28 (Call 01/01/28)(a)		7,704		7,734,028
5.27%, 12/11/26		3,195		3,203,080
5.30%, 06/05/26(a)		8,460		8,481,609
5.72%, 09/25/28 (Call 08/25/28)		11,040		11,317,441
5.92%, 09/25/25		4,640		4,687,993
Series H, 4.70%, 09/14/27 (Call 08/14/27)(a)		6,428		6,364,630
Bank of New York Mellon Corp. (The)
0.75%, 01/28/26 (Call 12/28/25)(a)		4,108		3,790,378
1.05%, 10/15/26 (Call 09/15/26)(a)		2,446		2,211,675
1.60%, 04/24/25 (Call 03/24/25)		7,257		6,972,145
1.65%, 07/14/28 (Call 05/14/28)(a)		493		431,413
2.05%, 01/26/27 (Call 12/26/26)(a)		5,282		4,880,732
2.45%, 08/17/26 (Call 05/17/26)		4,302		4,050,796
2.80%, 05/04/26 (Call 02/04/26)		4,197		4,011,290
3.00%, 10/30/28 (Call 07/30/28)(a)		2,560		2,347,965
3.25%, 05/16/27 (Call 02/16/27)		5,385		5,120,428
3.40%, 01/29/28 (Call 10/29/27)(a)		3,440		3,260,208
3.44%, 02/07/28 (Call 02/07/27),
(3-mo. SOFR + 1.331%)(a)(c)		6,366		6,085,766
3.85%, 04/28/28		5,865		5,663,904
3.95%, 11/18/25 (Call 10/18/25)		1,902		1,862,246
3.99%, 06/13/28 (Call 06/13/27),
(1-day SOFR + 1.151%)(c)		3,998		3,874,990
4.41%, 07/24/26 (Call 07/24/25),
(1-day SOFR + 1.345%)(c)		7,410		7,308,151
4.54%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 1.168%)(a)(c)		7,073		6,950,266
4.95%, 04/26/27 (Call 04/26/26),
(1-day SOFR + 1.026%)(c)		9,620		9,567,719
5.15%, 05/22/26 (Call 05/22/25),
(1-day SOFR + 1.067%)(a)(c)		2,680		2,673,696
5.80%, 10/25/28 (Call 10/25/27),
(1-day SOFR + 1.802%)(c)		7,398		7,579,058
6.32%, 10/25/29 (Call 10/25/28),
(1-day SOFR + 1.598%)(c)		5,995		6,285,640
Series J, 1.90%, 01/25/29 (Call 11/25/28)(a)		1,765		1,545,094
Bank of New Zealand
1.00%, 03/03/26(a)(b)		1,584		1,456,719
2.29%, 01/27/27(a)(b)		2,286		2,104,483
4.85%, 02/07/28(b)		4,563		4,514,726
5.08%, 01/30/29(b)		5,635		5,607,476
Bank of Nova Scotia (The)
1.05%, 03/02/26(a)		5,831		5,377,001
1.30%, 06/11/25		6,784		6,447,243
1.30%, 09/15/26 (Call 06/15/26)		5,610		5,110,259
1.35%, 06/24/26(a)		4,694		4,308,453
1.95%, 02/02/27		4,555		4,182,149

S C H E D U L E  O F  I N V E S T M E N T S 139

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.70%, 08/03/26(a)	$	7,880	$	7,449,995
2.95%, 03/11/27(a)		4,161		3,916,056
3.45%, 04/11/25		11,492		11,248,870
4.50%, 12/16/25		8,884		8,732,379
4.75%, 02/02/26(a)		8,278		8,212,510
4.90%, (Call 06/04/25),
(5-year CMT + 4.551%)(a)(c)(d)		7,858		7,530,448
5.25%, 06/12/28		6,035		6,063,747
5.35%, 12/07/26		6,815		6,839,774
5.45%, 06/12/25		7,885		7,888,498
8.63%, 10/27/82 (Call 10/27/27),
(5-year CMT + 4.389%)(a)(c)		4,700		4,835,421
Series 2, 3.63%, 10/27/81 (Call 10/27/26),
(5-year CMT + 2.613%)(c)		3,836		3,011,683
Bank OZK, 2.75%, 10/01/31 (Call 10/01/26), (3-mo. SOFR + 2.090%)(a)(c)		1,305		1,085,839
BankUnited Inc., 4.88%, 11/17/25 (Call 08/17/25)(a)		820		797,139
Banque Federative du Credit Mutuel SA
1.60%, 10/04/26(a)(b)		3,250		2,964,254
4.52%, 07/13/25(a)(b)		1,428		1,411,379
4.75%, 07/13/27(a)(b)		4,630		4,569,862
4.94%, 01/26/26(a)(b)		6,470		6,423,206
5.09%, 01/23/27(a)(b)		5,860		5,849,056
5.79%, 07/13/28(b)		6,735		6,887,217
5.90%, 07/13/26(a)(b)		7,490		7,587,568
Barclays PLC
2.28%, 11/24/27 (Call 11/24/26),
(1-year CMT + 1.050%)(c)		11,662		10,658,524
2.85%, 05/07/26 (Call 05/07/25),
(1-day SOFR + 2.714%)(c)		12,506		12,090,402
3.65%, 03/16/25		12,085		11,835,643
4.34%, 01/10/28 (Call 01/10/27)		11,650		11,214,485
4.38%, 01/12/26(a)		16,476		16,140,596
4.84%, 05/09/28 (Call 05/07/27)		7,040		6,784,083
4.97%, 05/16/29 (Call 05/16/28),
(3-mo. LIBOR US + 1.902%)(c)		14,605		14,200,289
5.20%, 05/12/26		13,735		13,580,915
5.30%, 08/09/26 (Call 08/09/25),
(1-year CMT + 2.300%)(c)		9,157		9,098,525
5.50%, 08/09/28 (Call 08/09/27),
(1-year CMT + 2.650%)(c)		12,353		12,299,117
5.83%, 05/09/27 (Call 05/09/26),
(1-day SOFR + 2.210%)(a)(c)		13,010		13,042,924
6.49%, 09/13/29 (Call 09/13/28),
(1-day SOFR + 2.220%)(a)(c)		11,300		11,647,891
6.50%, 09/13/27 (Call 09/13/26),
(1-day SOFR + 1.880%)(c)		5,430		5,525,455
7.33%, 11/02/26 (Call 11/02/25),
(1-year CMT + 3.050%)(a)(c)		9,465		9,700,347
7.39%, 11/02/28 (Call 11/02/27),
(1-year CMT + 3.300%)(a)(c)		12,131		12,824,534
BBVA Bancomer SA/Texas, 1.88%, 09/18/25(b)		2,125		2,008,943
BNP Paribas SA
1.32%, 01/13/27 (Call 01/13/26),
(1-day SOFR + 1.004%)(b)(c)		12,978		12,002,916
1.68%, 06/30/27 (Call 06/30/26),
(1-day SOFR + 0.912%)(a)(b)(c)		14,293		13,078,390
1.90%, 09/30/28 (Call 09/30/27),
(1-day SOFR + 1.609%)(b)(c)		9,980		8,831,568

Security	Par (000)		Value
Banks (continued)
2.16%, 09/15/29 (Call 09/15/28),
(1-day SOFR + 1.218%)(a)(b)(c)	$	5,560	$	4,810,898
2.22%, 06/09/26 (Call 06/09/25),
(1-day SOFR + 2.074%)(b)(c)		10,484		10,036,271
2.59%, 01/20/28 (Call 01/20/27),
(1-day SOFR + 1.228%)(b)(c)		11,705		10,797,650
3.50%, 11/16/27(a)(b)		7,125		6,706,355
4.38%, 09/28/25(b)		580		568,089
4.38%, 05/12/26(b)		6,575		6,381,802
4.38%, 03/01/33 (Call 03/01/28),
(5-year USD Swap + 1.483%)(a)(b)(c)		8,040		7,552,372
4.40%, 08/14/28(a)(b)		19,670		18,971,350
4.63%, 03/13/27(a)(b)		12,058		11,702,029
5.13%, 01/13/29 (Call 01/13/28),
(1-year CMT + 1.450%)(a)(b)(c)		6,275		6,230,538
5.18%, 01/09/30 (Call 01/09/29),
(1-day SOFR + 1.520%)(a)(b)(c)		11,639		11,530,068
5.20%, 01/10/30 (Call 01/10/29),
(3-mo. SOFR + 2.829%)(a)(b)(c)		1,270		1,256,938
BPCE SA
1.00%, 01/20/26(a)(b)		11,843		10,931,848
1.65%, 10/06/26 (Call 10/06/25),
(1-day SOFR + 1.520%)(b)(c)		8,757		8,186,457
2.05%, 10/19/27 (Call 10/19/26),
(1-day SOFR + 1.087%)(b)(c)		5,670		5,145,733
3.25%, 01/11/28(a)(b)		7,000		6,499,339
3.38%, 12/02/26(a)		3,275		3,132,025
3.50%, 10/23/27(a)(b)		8,580		7,994,415
4.50%, 03/15/25(b)		6,996		6,868,940
4.63%, 09/12/28(a)(b)		2,145		2,072,958
4.75%, 07/19/27(a)(b)		4,100		4,018,955
4.88%, 04/01/26(a)(b)		4,143		4,051,474
5.10%, 01/26/26(a)(b)		5,060		5,038,511
5.13%, 01/18/28(a)(b)		5,153		5,111,959
5.20%, 01/18/27(a)(b)		2,045		2,044,000
5.72%, 01/18/30 (Call 01/18/29),
(1-year CMT + 1.959%)(a)(b)(c)		5,100		5,078,353
5.98%, 01/18/27 (Call 01/18/26),
(1-day SOFR + 2.10%)(b)(c)		9,840		9,848,159
6.61%, 10/19/27 (Call 10/19/26),
(1-day SOFR + 1.980%)(b)(c)		6,325		6,451,701
6.71%, 10/19/29 (Call 10/19/28),
(1-day SOFR + 2.270%)(a)		6,010		6,239,248
CaixaBank SA
6.21%, 01/18/29 (Call 01/18/28),
(1-day SOFR + 2.700%)(a)(b)(c)		7,170		7,269,951
6.68%, 09/13/27 (Call 09/13/26),
(1-day SOFR + 2.080%)(a)(b)(c)		3,080		3,139,597
Canadian Imperial Bank of Commerce
0.95%, 10/23/25(a)		8,753		8,183,432
1.25%, 06/22/26 (Call 05/22/26)		2,521		2,310,607
3.30%, 04/07/25		6,270		6,125,235
3.45%, 04/07/27 (Call 03/07/27)(a)		5,190		4,948,873
3.95%, 08/04/25		6,030		5,911,743
5.00%, 04/28/28 (Call 03/28/28)(a)		8,215		8,185,515
5.14%, 04/28/25		6,380		6,357,734
5.62%, 07/17/26(a)		1,265		1,277,460
5.93%, 10/02/26(a)		3,945		4,018,276
5.99%, 10/03/28 (Call 09/03/28)(a)		5,875		6,079,472
CIMB Bank Bhd, 2.13%, 07/20/27(b)		4,300		3,894,382

140 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Citibank NA
5.49%, 12/04/26 (Call 11/04/26)	$	19,075	$	19,234,046
5.80%, 09/29/28 (Call 08/29/28)(a)		11,285		11,626,588
5.86%, 09/29/25 (Call 08/29/25)		825		834,693
Citigroup Inc.
1.12%, 01/28/27 (Call 01/28/26), (1-day SOFR + 0.765%)(c)		19,035		17,542,494
1.46%, 06/09/27 (Call 06/09/26), (1-day SOFR + 0.770%)(c)		20,231		18,529,718
3.07%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.280%)(c)		19,830		18,574,524
3.11%, 04/08/26 (Call 04/08/25), (1-day SOFR + 2.842%)(c)		25,833		25,143,554
3.20%, 10/21/26 (Call 07/21/26)(a)		22,727		21,581,129
3.29%, 03/17/26 (Call 03/17/25), (1-day SOFR + 1.528%)(a)(c)		14,070		13,735,089
3.30%, 04/27/25		12,428		12,151,132
3.40%, 05/01/26		16,760		16,124,865
3.52%, 10/27/28 (Call 10/27/27), (3-mo. SOFR + 1.412%)(c)		18,169		17,074,130
3.67%, 07/24/28 (Call 07/24/27), (3-mo. SOFR + 1.652%)(c)		19,910		18,878,525
3.70%, 01/12/26(a)		16,423		15,987,541
3.88%, 03/26/25		8,274		8,121,885
3.89%, 01/10/28 (Call 01/10/27), (3-mo. SOFR + 1.825%)(c)		20,927		20,113,414
4.08%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.454%)(c)		7,795		7,439,558
4.13%, 07/25/28		8,909		8,474,650
4.30%, 11/20/26		9,446		9,200,823
4.40%, 06/10/25		18,551		18,275,203
4.45%, 09/29/27		28,151		27,268,579
4.60%, 03/09/26		13,612		13,388,977
4.66%, 05/24/28 (Call 05/24/27), (1-day SOFR + 1.887%)(a)(c)		13,625		13,384,528
5.17%, 02/13/30 (Call 02/13/29), (1-day SOFR + 1.364%)(c)		8,310		8,225,124
5.50%, 09/13/25		11,811		11,788,523
5.61%, 09/29/26 (Call 09/29/25), (1-day SOFR + 1.546%)(c)		18,621		18,644,626
6.63%, 01/15/28(a)		655		692,176
Citizens Bank NA
2.25%, 04/28/25 (Call 03/28/25)(a)		989		948,938
4.58%, 08/09/28 (Call 08/09/27), (1-day SOFR + 2.000%)(a)(c)		4,213		4,014,297
Citizens Bank NA/Providence RI, 3.75%, 02/18/26 (Call 11/18/25)(a)		3,171		3,037,700
Citizens Financial Group Inc.
2.85%, 07/27/26 (Call 04/27/26)(a)		3,170		2,954,929
4.30%, 12/03/25 (Call 11/03/25)		1,789		1,741,888
5.84%, 01/23/30 (Call 01/23/29), (1-day SOFR + 2.010%)(c)		3,595		3,551,957
Comerica Bank, 4.00%, 07/27/25(a)		758		735,265
Comerica Inc., 3.80%, 07/22/26(a)		970		927,181
Commonwealth Bank of Australia
1.13%, 06/15/26(b)		7,140		6,537,473
2.55%, 03/14/27(a)(b)		5,902		5,501,271
2.63%, 09/06/26(a)(b)		5,892		5,564,555
2.85%, 05/18/26(b)		3,345		3,191,665
3.15%, 09/19/27(a)(b)		4,025		3,777,643
3.90%, 03/16/28(a)(b)		770		741,463

Security	Par (000)		Value
Banks (continued)
4.50%, 12/09/25(a)(b)	$	3,402	$	3,337,804
Commonwealth Bank of Australia/New York
5.32%, 03/13/26		6,322		6,351,783
5.50%, 09/12/25(a)		3,985		4,007,768
Cooperatieve Rabobank UA
1.00%, 09/24/26 (Call 09/24/25), (1-year CMT + 0.730%)(a)(b)(c)		12,889		12,010,301
1.11%, 02/24/27 (Call 02/24/26), (1-year CMT + 0.550%)(a)(b)(c)		11,827		10,843,109
1.34%, 06/24/26 (Call 06/24/25), (1-year CMT + 1.000%)(a)(b)(c)		6,129		5,791,526
1.98%, 12/15/27 (Call 12/15/26), (1-year CMT + 0.730%)(a)(b)(c)		7,875		7,144,054
3.65%, 04/06/28 (Call 04/06/27), (1-year CMT + 1.220%)(b)(c)		6,739		6,384,810
3.75%, 07/21/26		6,331		6,068,308
4.38%, 08/04/25		9,288		9,109,506
4.66%, 08/22/28 (Call 08/22/27), (1-year CMT + 1.750%)(b)(c)		5,984		5,830,314
4.80%, 01/09/29(a)		3,150		3,120,313
4.85%, 01/09/26(a)		3,070		3,057,020
5.04%, 03/05/27		3,000		3,000,770
5.45%, 03/05/30 (Call 03/05/29), (1-year CMT + 1.120%)(b)(c)		6,250		6,250,058
5.56%, 02/28/29 (Call 02/28/28), (1-year CMT + 1.400%)(b)(c)		6,775		6,798,610
Cooperatieve Rabobank UA/NY
3.38%, 05/21/25		6,027		5,900,849
5.50%, 07/18/25(a)		5,020		5,043,605
5.50%, 10/05/26(a)		4,425		4,477,165
Credicorp Ltd., 2.75%, 06/17/25 (Call 05/17/25)(a)(b)		911		872,422
Credit Agricole SA
1.25%, 01/26/27 (Call 01/26/26), (1-day SOFR + 0.891%)(b)(c)		8,483		7,830,465
2.02%, 01/11/27(a)(b)		5,412		4,975,341
4.00%, 01/10/33 (Call 01/10/28), (5-year USD Swap + 1.644%)(b)(c)		7,803		7,210,916
4.38%, 03/17/25(b)		6,731		6,615,577
5.30%, 07/12/28(a)(b)		8,895		8,961,195
5.34%, 01/10/30 (Call 01/10/29), (1-day SOFR + 1.690%)(a)(b)(c)		4,725		4,687,193
5.57%, 02/28/25(b)		250		250,017
5.59%, 07/05/26(a)(b)		6,760		6,816,152
6.32%, 10/03/29 (Call 10/03/28), (1-day SOFR + 1.860%)(a)(b)(c)		9,785		10,084,652
Credit Agricole SA/London
1.91%, 06/16/26 (Call 06/16/25), (1-day SOFR + 1.676%)(b)(c)		7,847		7,476,511
4.13%, 01/10/27(a)(b)		5,528		5,355,065
Credit Suisse AG/New York
1.25%, 08/07/26(a)		8,092		7,336,687
2.95%, 04/09/25		7,481		7,264,147
5.00%, 07/09/27		7,620		7,549,661
7.50%, 02/15/28		19,560		21,053,216
Danske Bank A/S
1.55%, 09/10/27 (Call 09/10/26), (1-year CMT + 0.730%)(a)(b)(c)		3,471		3,152,139
1.62%, 09/11/26 (Call 09/11/25), (1-year CMT + 1.350%)(b)(c)		4,237		3,972,048

S C H E D U L E  O F  I N V E S T M E N T S 141

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.30%, 04/01/28 (Call 04/01/27), (1-year CMT + 1.750%)(a)(b)(c)	$	7,156	$	6,891,847
4.38%, 06/12/28(b)		4,218		4,076,151
5.43%, 03/01/28 (Call 03/01/27), (1-year CMT + 0.950%)(b)(c)		4,600		4,606,759
5.71%, 03/01/30 (Call 03/01/29), (1-year CMT + 1.400%)(b)(c)		4,600		4,609,768
6.26%, 09/22/26 (Call 09/22/25), (1-year CMT + 1.180%)(b)(c)		7,545		7,622,786
DBS Group Holdings Ltd.
1.19%, 03/15/27(b)		3,060		2,735,757
5.48%, 09/12/25(b)		50		50,256
Deutsche Bank AG
4.10%, 01/13/26		973		947,124
4.50%, 04/01/25(a)		7,195		7,057,070
5.71%, 02/08/28 (Call 02/08/27),
(1-day SOFR + 1.594%)(c)		6,850		6,802,586
Deutsche Bank AG/New York
1.69%, 03/19/26(a)		9,932		9,254,565
2.13%, 11/24/26 (Call 11/24/25),
(1-day SOFR + 1.870%)(c)		12,289		11,517,099
2.31%, 11/16/27 (Call 11/16/26),
(1-day SOFR + 1.219%)(c)		11,389		10,346,272
2.55%, 01/07/28 (Call 01/07/27),
(1-day SOFR + 1.318%)(a)(c)		8,753		7,981,184
4.10%, 01/13/26		475		463,332
4.16%, 05/13/25		1,730		1,703,083
4.88%, 12/01/32 (Call 12/01/27), (5-year USD ICE Swap + 2.553%)(a)(c)		6,485		6,002,704
5.37%, 09/09/27		1,630		1,632,987
6.12%, 07/14/26 (Call 07/14/25),
(1-day SOFR + 3.190%)(c)		7,145		7,160,434
6.72%, 01/18/29 (Call 01/18/28),
(1-day SOFR + 3.180%)(a)(c)		11,065		11,368,026
6.82%, 11/20/29 (Call 11/20/28),
(1-day SOFR + 2.510%)(c)		8,275		8,557,501
7.15%, 07/13/27 (Call 07/13/26),
(1-day SOFR + 2.520%)(c)		6,850		7,035,923
Discover Bank
3.45%, 07/27/26 (Call 04/27/26)(a)		5,404		5,125,056
4.25%, 03/13/26		1,522		1,478,223
4.65%, 09/13/28 (Call 06/13/28)		6,100		5,824,824
DNB Bank ASA
1.13%, 09/16/26 (Call 09/16/25),
(1-year CMT + 0.850%)(a)(b)(c)		2,853		2,661,266
1.54%, 05/25/27 (Call 05/25/26),
(1-year CMT + 0.720%)(a)(b)(c)		5,378		4,933,757
1.61%, 03/30/28 (Call 03/30/27),
(1-year CMT + 0.680%)(a)(b)(c)		4,170		3,712,163
5.90%, 10/09/26 (Call 10/09/25),
(1-day SOFR + 1.950%)(a)(b)(c)		3,755		3,774,661
Federation des Caisses Desjardins du Quebec
4.40%, 08/23/25(a)(b)		810		798,600
4.55%, 08/23/27(a)(b)		1,938		1,901,919
5.25%, 04/26/29(a)(b)		5,500		5,450,298
5.70%, 03/14/28(a)(b)		5,387		5,446,290
Fifth Third Bancorp.
1.71%, 11/01/27 (Call 11/01/26),
(1-day SOFR + 0.685%)(c)		10,900		9,787,735
2.55%, 05/05/27 (Call 04/05/27)		4,085		3,751,202
3.95%, 03/14/28 (Call 02/14/28)		1,905		1,812,072

Security	Par (000)		Value
Banks (continued)
4.06%, 04/25/28 (Call 04/25/27),
(1-day SOFR + 1.355%)(c)	$	2,330	$	2,208,991
6.34%, 07/27/29 (Call 07/27/28),
(1-day SOFR + 2.340%)(c)		9,240		9,481,726
6.36%, 10/27/28 (Call 10/27/27),
(1-day SOFR + 2.192%)(a)(c)		6,153		6,272,707
Fifth Third Bank NA
2.25%, 02/01/27 (Call 01/01/27)(a)		2,355		2,160,719
3.85%, 03/15/26 (Call 02/15/26)		1,710		1,647,334
3.95%, 07/28/25 (Call 06/28/25)(a)		1,932		1,890,911
First Citizens BancShares Inc./NC, 3.38%, 03/15/30 (Call 03/15/25), (3-mo. SOFR + 2.465%)(a)(c)		1,730		1,654,277
First Horizon Corp., 4.00%, 05/26/25 (Call 04/26/25)(a)		714		698,017
First-Citizens Bank & Trust Co., 6.13%, 03/09/28(a)		2,208		2,242,313
FNB Corp., 5.15%, 08/25/25 (Call 07/25/25)		870		854,198
Goldman Sachs Group Inc. (The)
1.09%, 12/09/26 (Call 12/09/25), (1-day SOFR + 0.789%)(c)		15,367		14,235,103
1.43%, 03/09/27 (Call 03/09/26), (1-day SOFR + 0.798%)(c)		21,734		20,087,581
1.54%, 09/10/27 (Call 09/10/26), (1-day SOFR + 0.818%)(a)(c)		19,839		18,059,191
1.95%, 10/21/27 (Call 10/21/26), (1-day SOFR + 0.913%)(c)		29,123		26,660,616
2.64%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.114%)(c)		21,892		20,274,935
3.50%, 04/01/25 (Call 03/01/25)		23,522		23,035,746
3.50%, 11/16/26 (Call 11/16/25)		20,557		19,717,762
3.62%, 03/15/28 (Call 03/15/27),
(1-day SOFR + 1.846%)(a)(c)		23,519		22,423,766
3.69%, 06/05/28 (Call 06/05/27),
(3-mo. SOFR + 1.772%)(a)(c)		18,594		17,732,181
3.75%, 05/22/25 (Call 02/22/25)		15,312		15,007,338
3.75%, 02/25/26 (Call 11/25/25)(a)		16,247		15,834,232
3.81%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.420%)(c)		16,505		15,582,927
3.85%, 01/26/27 (Call 01/26/26)		19,333		18,670,424
4.22%, 05/01/29 (Call 05/01/28),
(3-mo. SOFR + 1.563%)(a)(c)		27,697		26,556,992
4.25%, 10/21/25(a)		14,787		14,525,064
4.39%, 06/15/27 (Call 06/15/26),
(1-day SOFR + 1.510%)(a)(c)		6,663		6,539,880
4.48%, 08/23/28 (Call 08/23/27),
(1-day SOFR + 1.725%)(a)(c)		15,620		15,229,867
5.80%, 08/10/26 (Call 08/10/25),
(1-day SOFR + 1.075%)(c)		16,710		16,802,144
5.95%, 01/15/27		8,293		8,466,763
6.48%, 10/24/29 (Call 10/24/28),
(1-day SOFR + 1.770%)(a)(c)		18,205		19,074,332
Hana Bank
1.25%, 12/16/26(b)		380		340,151
3.25%, 03/30/27(a)(b)		3,065		2,900,839
3.50%, (Call 10/19/26),
(5-year CMT + 2.409%)(a)(b)(c)(d)		1,520		1,425,696
5.75%, 10/24/28(b)		445		457,717
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26),
(1-day SOFR + 1.290%)(c)		14,782		13,533,485

142 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
1.65%, 04/18/26 (Call 04/18/25),
(1-day SOFR + 1.538%)(c)	$	15,338	$	14,638,772
2.01%, 09/22/28 (Call 09/22/27),
(1-day SOFR + 1.732%)(a)(c)		15,425		13,665,926
2.10%, 06/04/26 (Call 06/04/25),
(1-day SOFR + 1.929%)(c)		15,333		14,669,132
2.21%, 08/17/29 (Call 08/17/28),
(1-day SOFR + 1.285%)(c)		4,188		3,635,989
2.25%, 11/22/27 (Call 11/22/26),
(1-day SOFR + 1.100%)(a)(c)		19,835		18,169,748
3.00%, 03/10/26 (Call 03/10/25),
(1-day SOFR + 1.430%)(a)(c)		13,841		13,453,070
3.90%, 05/25/26		17,143		16,611,003
4.04%, 03/13/28 (Call 03/13/27),
(3-mo. SOFR + 1.808%)(c)		19,090		18,300,860
4.25%, 08/18/25		8,135		7,960,404
4.29%, 09/12/26 (Call 09/12/25),
(3-mo. SOFR + 1.609%)(c)		17,469		17,122,238
4.30%, 03/08/26(a)		20,922		20,506,389
4.38%, 11/23/26		10,469		10,187,454
4.58%, 06/19/29 (Call 06/19/28),
(3-mo. SOFR + 1.796%)(c)		22,655		21,795,414
4.76%, 06/09/28 (Call 06/09/27),
(1-day SOFR + 2.110%)(c)		16,846		16,448,809
5.21%, 08/11/28 (Call 08/11/27),
(1-day SOFR + 2.610%)(c)		17,199		17,032,209
5.55%, 03/04/30 (Call 03/04/29),
(1-day SOFR + 1.460%)(c)		9,200		9,191,593
5.89%, 08/14/27 (Call 08/14/26),
(1-day SOFR + 1.570%)(c)		15,345		15,446,793
6.16%, 03/09/29 (Call 03/09/28),
(1-day SOFR + 1.970%)(a)(c)		17,415		17,793,160
7.34%, 11/03/26 (Call 11/03/25),
(1-day SOFR + 3.030%)(a)(c)		12,797		13,176,101
7.39%, 11/03/28 (Call 11/03/27),
(1-day SOFR + 3.350%)(c)		16,544		17,526,252
HSBC USA Inc.
5.29%, 03/04/27		3,645		3,648,464
5.63%, 03/17/25		10,780		10,793,094
Huntington Bancshares Inc./OH
4.00%, 05/15/25 (Call 04/15/25)		424		416,381
4.44%, 08/04/28 (Call 08/04/27), (1-day SOFR + 1.970%)(a)(c)		3,910		3,755,187
6.21%, 08/21/29 (Call 08/21/28), (1-day SOFR + 2.020%)(a)(c)		9,085		9,238,178
Huntington National Bank (The), 4.55%, 05/17/28 (Call 05/17/27), (1-day SOFR + 1.650%)(c)		4,690		4,525,065
ICICI Bank Ltd./Dubai, 4.00%, 03/18/26(b)		3,132		3,040,974
Industrial & Commercial Bank of China Ltd.,
4.88%, 09/21/25(b)		16,450		16,266,583
Industrial & Commercial Bank of China Ltd./New York, 3.54%, 11/08/27(a)		5,744		5,458,582
ING Groep NV
1.40%, 07/01/26 (Call 07/01/25),
(1-year CMT + 1.100%)(a)(b)(c)		13,552		12,833,084
1.73%, 04/01/27 (Call 04/01/26),
(1-day SOFR + 1.005%)(c)		4,087		3,783,372
3.87%, 03/28/26 (Call 03/28/25),
(1-day SOFR + 1.640%)(a)(c)		822		806,756
3.95%, 03/29/27		8,787		8,461,990

Security	Par (000)		Value
Banks (continued)
4.02%, 03/28/28 (Call 03/28/27),
(1-day SOFR + 1.830%)(c)	$	7,550	$	7,249,531
4.55%, 10/02/28(a)		7,365		7,187,135
4.63%, 01/06/26(b)		21,846		21,573,464
6.08%, 09/11/27 (Call 09/11/26),
(1-day SOFR + 1.560%)(c)		5,880		5,957,729
Intesa Sanpaolo SpA
3.88%, 07/14/27(a)(b)		1,583		1,475,977
3.88%, 01/12/28(b)		2,340		2,152,946
7.00%, 11/21/25(b)		900		916,110
JPMorgan Chase & Co.
1.04%, 02/04/27 (Call 02/04/26),
(3-mo. SOFR + 0.695%)(a)(c)		14,903		13,733,837
1.05%, 11/19/26 (Call 11/19/25),
(1-day SOFR + 0.800%)(a)(c)		20,313		18,886,704
1.05%, 06/23/27 (Call 12/23/25)		10		8,721
1.47%, 09/22/27 (Call 09/22/26),
(1-day SOFR + 0.765%)(a)(c)		19,613		17,821,022
1.58%, 04/22/27 (Call 04/22/26),
(1-day SOFR + 0.885%)(c)		24,692		22,833,702
2.01%, 03/13/26 (Call 03/13/25),
(3-mo. SOFR + 1.585%)(c)		16,085		15,508,154
2.07%, 06/01/29 (Call 06/01/28),
(1-day SOFR + 1.015%)(c)		10,235		9,016,962
2.08%, 04/22/26 (Call 04/22/25),
(1-day SOFR + 1.850%)(c)		26,153		25,162,231
2.18%, 06/01/28 (Call 06/01/27),
(1-day SOFR + 1.890%)(c)		13,686		12,468,654
2.95%, 10/01/26 (Call 07/01/26)		21,705		20,633,388
2.95%, 02/24/28 (Call 02/24/27),
(1-day SOFR + 1.170%)(c)		14,284		13,380,648
3.20%, 06/15/26 (Call 03/15/26)(a)		14,263		13,726,477
3.30%, 04/01/26 (Call 01/01/26)		19,491		18,797,497
3.51%, 01/23/29 (Call 01/23/28),
(3-mo. SOFR + 1.207%)(a)(c)		18,535		17,457,836
3.54%, 05/01/28 (Call 05/01/27),
(3-mo. SOFR + 1.642%)(c)		20,790		19,761,772
3.63%, 12/01/27 (Call 12/01/26)		11,485		10,937,966
3.78%, 02/01/28 (Call 02/01/27),
(3-mo. SOFR + 1.599%)(c)		20,237		19,432,042
3.90%, 07/15/25 (Call 04/15/25)(a)		18,960		18,638,634
3.96%, 01/29/27 (Call 01/29/26),
(3-mo. SOFR + 1.507%)(c)		15,462		15,095,438
4.01%, 04/23/29 (Call 04/23/28),
(3-mo. SOFR + 1.382%)(c)		14,125		13,494,958
4.08%, 04/26/26 (Call 04/26/25),
(1-day SOFR + 1.320%)(c)		22,828		22,458,792
4.13%, 12/15/26(a)		15,584		15,213,959
4.20%, 07/23/29 (Call 07/23/28),
(3-mo. SOFR + 1.522%)(c)		11,025		10,585,750
4.25%, 10/01/27		13,285		13,016,765
4.32%, 04/26/28 (Call 04/26/27),
(1-day SOFR + 1.560%)(c)		23,225		22,664,085
4.45%, 12/05/29 (Call 12/05/28),
(3-mo. SOFR + 1.592%)(c)		14,334		13,865,232
4.85%, 07/25/28 (Call 07/25/27),
(1-day SOFR + 1.990%)(a)(c)		27,050		26,750,237
5.01%, 01/23/30 (Call 01/23/29),
(1-day SOFR + 1.310%)(c)		14,485		14,330,714
5.04%, 01/23/28 (Call 01/23/27),
(1-day SOFR + 1.190%)(a)(c)		7,435		7,395,474

S C H E D U L E  O F  I N V E S T M E N T S 143

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
5.30%, 07/24/29 (Call 07/24/28),
(1-day SOFR + 1.450%)(c)	$	21,985	$	22,041,065
6.07%, 10/22/27 (Call 10/22/26),
(1-day SOFR + 1.330%)(a)(c)		14,330		14,605,426
6.09%, 10/23/29 (Call 10/23/28),
(1-day SOFR + 1.570%)(c)		12,367		12,783,126
7.63%, 10/15/26		5,882		6,249,242
7.75%, 07/15/25		1,557		1,610,895
8.00%, 04/29/27(a)		6,214		6,751,833
JPMorgan Chase Bank NA, 5.11%, 12/08/26 (Call 11/08/26)		15,310		15,329,957
KBC Group NV, 5.80%, 01/19/29
(Call 01/19/28), (1-year CMT + 2.100%)(b)(c)		5,790		5,825,153
KeyBank NA, 4.70%, 01/26/26 (Call 12/26/25)(a)		2,640		2,565,851
KeyBank NA/Cleveland OH
3.30%, 06/01/25		3,643		3,506,559
3.40%, 05/20/26		3,148		2,968,871
4.15%, 08/08/25(a)		4,999		4,841,159
5.85%, 11/15/27 (Call 10/16/27)(a)		6,753		6,669,449
6.95%, 02/01/28(a)		500		510,231
KeyCorp
2.25%, 04/06/27(a)		4,499		4,018,631
4.10%, 04/30/28(a)		5,545		5,193,002
4.15%, 10/29/25		2,369		2,295,441
Kookmin Bank
1.75%, 05/04/25(b)		790		756,721
4.63%, 04/21/28(a)(b)		3,443		3,385,571
Lloyds Bank PLC, 3.50%, 05/14/25		1,362		1,330,201
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26),
(1-year CMT + 0.850%)(a)(c)		6,064		5,561,791
3.51%, 03/18/26 (Call 03/18/25),
(1-year CMT + 1.600%)(c)		5,620		5,486,108
3.57%, 11/07/28 (Call 11/07/27),
(3-mo. LIBOR US + 1.205%)(a)(c)		10,620		9,917,971
3.75%, 01/11/27(a)		7,667		7,357,209
3.75%, 03/18/28 (Call 03/18/27),
(1-year CMT + 1.800%)(c)		6,080		5,766,892
4.38%, 03/22/28		11,765		11,357,017
4.45%, 05/08/25		8,448		8,339,718
4.55%, 08/16/28		7,680		7,458,540
4.58%, 12/10/25(a)		7,905		7,746,450
4.65%, 03/24/26		8,705		8,539,646
4.72%, 08/11/26 (Call 08/11/25),
(1-year CMT + 1.750%)(a)(c)		7,047		6,952,309
5.46%, 01/05/28 (Call 01/05/27),
(1-year CMT + 1.375%)(c)		6,475		6,447,291
5.87%, 03/06/29 (Call 03/06/28),
(1-year CMT + 1.700%)(c)		9,415		9,504,467
5.99%, 08/07/27 (Call 08/07/26),
(1-year CMT + 1.480%)(a)(c)		8,340		8,398,452
M&T Bank Corp.
4.55%, 08/16/28 (Call 08/16/27),
(1-day SOFR + 1.780%)(a)(c)		3,675		3,504,944
7.41%, 10/30/29 (Call 10/30/28),
(1-day SOFR + 2.800%)(a)(c)		2,305		2,415,359
Macquarie Bank Ltd.
3.23%, 03/21/25(a)(b)		5,445		5,325,685
3.90%, 01/15/26(a)(b)		3,919		3,817,298
4.00%, 07/29/25(a)(b)		2,456		2,412,669

Security	Par (000)		Value
Banks (continued)
4.88%, 06/10/25(b)	$	3,962	$	3,911,310
5.21%, 06/15/26(a)(b)		3,360		3,354,463
5.39%, 12/07/26(a)(b)		5,570		5,580,534
Macquarie Group Ltd.
1.34%, 01/12/27 (Call 01/12/26),
(1-day SOFR + 1.069%)(a)(b)(c)		7,503		6,923,637
1.63%, 09/23/27 (Call 09/23/26),
(1-day SOFR + 0.910%)(a)(b)(c)		5,375		4,855,089
1.94%, 04/14/28 (Call 04/14/27),
(1-day SOFR + 0.995%)(a)(b)(c)		3,468		3,090,263
3.76%, 11/28/28 (Call 11/28/27),
(3-mo. LIBOR US + 1.372%)(b)(c)		5,885		5,497,564
4.10%, 06/21/28 (Call 06/21/27),
(1-day SOFR + 2.125%)(a)(b)(c)		3,225		3,074,384
4.65%, 03/27/29 (Call 03/27/28),
(3-mo. LIBOR US + 1.727%)(a)(b)(c)		875		845,588
5.03%, 01/15/30 (Call 01/15/29),
(3-mo. LIBOR US + 1.750%)(a)(b)(c)		4,291		4,235,369
5.11%, 08/09/26 (Call 08/09/25),
(1-day SOFR + 2.208%)(a)(b)(c)		3,987		3,961,423
Manufacturers & Traders Trust Co.
3.40%, 08/17/27		1,855		1,694,350
4.65%, 01/27/26 (Call 12/27/25)		6,525		6,354,740
4.70%, 01/27/28 (Call 12/27/27)(a)		7,718		7,425,066
5.40%, 11/21/25 (Call 10/21/25)		2,220		2,198,829
Mitsubishi UFJ Financial Group Inc.
1.41%, 07/17/25		10,818		10,246,037
1.54%, 07/20/27 (Call 07/20/26),
(1-year CMT + 0.750%)(c)		12,941		11,839,689
1.64%, 10/13/27 (Call 10/13/26),
(1-year CMT + 0.670%)(c)		7,930		7,229,764
2.34%, 01/19/28 (Call 01/19/27),
(1-year CMT + 0.830%)(c)		8,205		7,573,964
2.76%, 09/13/26(a)		6,101		5,754,391
3.29%, 07/25/27(a)		6,385		6,038,789
3.68%, 02/22/27(a)		2,732		2,632,308
3.78%, 03/02/25(a)		4,016		3,949,794
3.84%, 04/17/26 (Call 04/17/25),
(1-year CMT + 1.125%)(a)(c)		3,420		3,354,075
3.85%, 03/01/26		14,624		14,259,064
3.96%, 03/02/28(a)		2,220		2,137,962
4.05%, 09/11/28(a)		200		193,840
4.08%, 04/19/28 (Call 04/19/27),
(1-year CMT + 1.300%)(c)		5,925		5,726,825
5.02%, 07/20/28 (Call 07/20/27),
(1-year CMT + 1.950%)(a)(c)		8,590		8,533,995
5.24%, 04/19/29 (Call 04/19/28),
(1-year CMT + 1.700%)(a)(c)		9,360		9,388,442
5.35%, 09/13/28 (Call 09/13/27),
(1-year CMT + 1.900%)(c)		8,520		8,548,759
5.42%, 02/22/29 (Call 02/22/28),
(1-year CMT + 1.380%)(c)		10,613		10,688,293
5.54%, 04/17/26 (Call 04/17/25),
(1-year CMT + 1.500%)(a)(c)		3,545		3,542,656
Mizuho Bank Ltd., 3.20%, 03/26/25(b)		315		307,808
Mizuho Financial Group Inc.
1.23%, 05/22/27 (Call 05/22/26),
(1-year CMT + 0.670%)(c)		8,199		7,492,536
1.55%, 07/09/27 (Call 07/09/26),
(1-year CMT + 0.750%)(c)		6,265		5,747,225

144 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.23%, 05/25/26 (Call 05/25/25),
(3-mo. SOFR + 1.092%)(a)(c)	$	3,199	$	3,068,221
2.65%, 05/22/26 (Call 05/22/25),
(1-year CMT + 0.900%)(a)(c)		2,089		2,016,536
2.84%, 09/13/26(a)		5,544		5,219,902
3.17%, 09/11/27(a)		6,180		5,787,389
3.48%, 04/12/26(a)(b)		10,465		10,075,272
3.66%, 02/28/27(a)		2,410		2,305,000
4.02%, 03/05/28(a)		8,540		8,216,281
4.25%, 09/11/29 (Call 09/11/28),
(3-mo. SOFR + 1.532%)(c)		5,335		5,111,094
4.35%, 10/20/25(a)(b)		3,767		3,676,815
5.41%, 09/13/28 (Call 09/13/27),
(1-year CMT + 2.050%)(a)(c)		5,990		6,019,748
5.67%, 05/27/29 (Call 05/27/28),
(1-year CMT + 1.500%)(c)		5,735		5,809,847
5.78%, 07/06/29 (Call 07/06/28),
(1-year CMT + 1.650%)(c)		17,985		18,323,934
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25),
(1-day SOFR + 0.720%)(c)		17,548		16,190,475
1.51%, 07/20/27 (Call 07/20/26),
(1-day SOFR + 0.858%)(a)(c)		21,665		19,819,926
1.59%, 05/04/27 (Call 05/04/26),
(1-day SOFR + 0.879%)(a)(c)		26,067		24,031,429
2.19%, 04/28/26 (Call 04/28/25),
(1-day SOFR + 1.990%)(a)(c)		23,386		22,505,678
2.48%, 01/21/28 (Call 01/21/27),
(1-day SOFR + 1.000%)(c)		16,511		15,274,251
3.13%, 07/27/26		22,500		21,462,030
3.59%, 07/22/28 (Call 07/22/27)(c)		20,812		19,700,742
3.63%, 01/20/27(a)		22,835		22,016,474
3.77%, 01/24/29 (Call 01/24/28),
(3-mo. SOFR + 1.402%)(a)(c)		21,635		20,456,099
3.88%, 01/27/26		22,097		21,552,508
3.95%, 04/23/27(a)		16,449		15,833,497
4.00%, 07/23/25(a)		21,590		21,217,112
4.21%, 04/20/28 (Call 04/20/27),
(1-day SOFR + 1.610%)(c)		18,227		17,641,447
4.35%, 09/08/26		17,091		16,705,732
4.43%, 01/23/30 (Call 01/23/29),
(3-mo. SOFR + 1.890%)(a)(c)		3,630		3,484,369
4.68%, 07/17/26 (Call 07/17/25),
(1-day SOFR + 1.669%)(a)(c)		6,207		6,140,418
5.00%, 11/24/25		15,502		15,412,451
5.05%, 01/28/27 (Call 01/28/26),
(1-day SOFR + 1.295%)(c)		7,431		7,405,088
5.12%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 1.730%)(c)		18,745		18,622,177
5.16%, 04/20/29 (Call 04/20/28),
(1-day SOFR + 1.590%)(a)(c)		24,004		23,866,713
5.17%, 01/16/30 (Call 01/16/29),
(1-day SOFR + 1.450%)(c)		23,481		23,333,577
5.45%, 07/20/29 (Call 07/20/28),
(1-day SOFR + 1.630%)(c)		7,074		7,100,929
6.14%, 10/16/26 (Call 10/16/25),
(1-day SOFR + 1.770%)(c)		8,482		8,582,151
6.25%, 08/09/26		7,501		7,678,573
6.30%, 10/18/28 (Call 10/18/27),
(1-day SOFR + 2.240%)(c)		17,798		18,397,623

Security	Par (000)		Value
Banks (continued)
6.41%, 11/01/29 (Call 11/01/28),
(1-day SOFR + 1.830%)(c)	$	8,615	$	8,992,769
Morgan Stanley Bank NA
4.75%, 04/21/26 (Call 03/21/26)(a)		14,276		14,185,405
4.95%, 01/14/28 (Call 01/14/27),
(1-day SOFR + 1.080%)(c)		17,435		17,346,834
5.48%, 07/16/25 (Call 06/16/25)		1,920		1,927,977
5.88%, 10/30/26 (Call 09/30/26)		17,150		17,465,260
National Australia Bank Ltd.
1.89%, 01/12/27(a)(b)		7,755		7,119,217
3.50%, 01/10/27(a)(b)		4,510		4,331,560
4.75%, 12/10/25(a)		4,590		4,568,140
4.79%, 01/10/29		6,695		6,652,010
National Australia Bank Ltd./New York
2.50%, 07/12/26		8,024		7,568,517
3.38%, 01/14/26		3,854		3,738,230
3.50%, 06/09/25(a)		1,719		1,685,365
3.91%, 06/09/27		7,431		7,202,641
4.90%, 06/13/28(a)		6,325		6,308,355
4.94%, 01/12/28		6,593		6,589,769
4.97%, 01/12/26		6,616		6,604,263
5.20%, 05/13/25		3,300		3,303,475
National Bank of Canada, 5.60%, 12/18/28		4,865		4,914,279
National Securities Clearing Corp.
0.75%, 12/07/25 (Call 11/07/25)(a)(b)		5,139		4,768,655
1.50%, 04/23/25 (Call 03/23/25)(b)		5,948		5,711,320
5.00%, 05/30/28 (Call 04/30/28)(a)(b)		4,980		5,015,797
5.10%, 11/21/27 (Call 10/21/27)(b)		3,977		4,004,109
5.15%, 05/30/25(a)(b)		1,525		1,525,157
NatWest Group PLC
1.64%, 06/14/27 (Call 06/14/26),
(1-year CMT + 0.900%)(a)(c)		9,292		8,491,243
3.07%, 05/22/28 (Call 05/22/27),
(1-year CMT + 2.550%)(c)		6,323		5,867,041
4.80%, 04/05/26(a)		8,542		8,436,418
4.89%, 05/18/29 (Call 05/18/28),
(3-mo. LIBOR US + 1.754%)(c)		13,255		12,913,988
5.08%, 01/27/30 (Call 01/27/29),
(3-mo. LIBOR US + 1.905%)(c)		7,960		7,775,709
5.52%, 09/30/28 (Call 09/30/27),
(1-year CMT + 2.270%)(c)		6,215		6,216,293
5.58%, 03/01/28 (Call 03/01/27),
(1-year CMT + 1.100%)(a)(c)		3,000		3,002,593
5.81%, 09/13/29 (Call 09/13/28),
(1-year CMT + 1.950%)(a)(c)		8,400		8,485,416
5.85%, 03/02/27 (Call 03/02/26),
(1-year CMT + 1.350%)(a)(c)		5,320		5,341,852
7.47%, 11/10/26 (Call 11/10/25),
(1-year CMT + 2.850%)(c)		7,935		8,152,499
NatWest Markets PLC
1.60%, 09/29/26(a)(b)		5,525		5,032,058
3.48%, 03/22/25(b)		2,934		2,871,967
NBK SPC Ltd., 1.63%, 09/15/27 (Call 09/15/26),
(1-day SOFR + 1.050%)(b)(c)		835		758,639
NBK Tier 1 Financing 2 Ltd., 4.50%,
(Call 08/27/25)(b)(c)(d)		1,781		1,702,846
NBK Tier 1 Ltd., 3.63%, (Call 08/24/26)(b)(c)(d)		2,025		1,840,826
NongHyup Bank
1.25%, 07/20/25(a)(b)		6,150		5,807,142
1.25%, 07/28/26(b)		925		839,924
4.00%, 01/06/26(b)		150		146,352

S C H E D U L E  O F  I N V E S T M E N T S 145

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.25%, 07/06/27(a)(b)	$	3,000	$	2,904,990
4.88%, 07/03/28(a)(b)		4,200		4,161,924
Nordea Bank Abp
0.75%, 08/28/25(a)(b)		4,748		4,440,907
1.50%, 09/30/26(b)		5,977		5,420,036
3.60%, 06/06/25(a)(b)		2,462		2,411,469
4.63%, 09/13/33 (Call 09/13/28), (5-year USD Swap + 1.690%)(b)(c)		205		192,559
4.75%, 09/22/25(a)(b)		4,960		4,925,347
5.38%, 09/22/27(a)(b)		5,398		5,416,889
Norinchukin Bank (The)
1.28%, 09/22/26(a)(b)		7,550		6,829,277
4.87%, 09/14/27(a)(b)		5,195		5,128,003
5.43%, 03/09/28(a)(b)		3,530		3,567,813
Northern Trust Corp.
3.38%, 05/08/32 (Call 05/08/27), (3-mo. LIBOR US + 1.131%)(c)		1,890		1,753,858
3.65%, 08/03/28 (Call 05/03/28)(a)		2,100		2,009,421
3.95%, 10/30/25(a)		830		813,778
4.00%, 05/10/27 (Call 04/10/27)		5,535		5,377,728
Oversea-Chinese Banking Corp. Ltd., 1.83%, 09/10/30 (Call 09/10/25), (5-year CMT + 1.580%)(b)(c)		5,822		5,485,315
PNC Bank NA
3.10%, 10/25/27 (Call 09/25/27)		5,200		4,834,157
3.25%, 06/01/25 (Call 05/02/25)		4,535		4,413,803
3.25%, 01/22/28 (Call 12/23/27)(a)		5,860		5,448,092
3.88%, 04/10/25 (Call 03/10/25)		2,262		2,219,032
4.05%, 07/26/28		7,860		7,434,497
4.20%, 11/01/25 (Call 10/02/25)		2,131		2,082,723
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)(a)		2,807		2,549,438
2.60%, 07/23/26 (Call 05/23/26)		4,647		4,369,659
3.15%, 05/19/27 (Call 04/19/27)		2,433		2,291,712
4.76%, 01/26/27 (Call 01/26/26), (1-day SOFR + 1.085%)(a)(c)		17,285		17,077,081
5.30%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.342%)(a)(c)		4,135		4,129,845
5.35%, 12/02/28 (Call 12/02/27), (1-day SOFR + 1.620%)(c)		7,270		7,273,099
5.58%, 06/12/29 (Call 06/12/28), (1-day SOFR + 1.841%)(a)(c)		17,312		17,407,466
5.81%, 06/12/26 (Call 06/12/25), (1-day SOFR + 1.322%)(a)(c)		4,602		4,608,682
6.62%, 10/20/27 (Call 10/20/26), (1-day SOFR + 1.730%)(c)		6,160		6,327,781
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		2,385		2,029,160
2.25%, 05/18/25 (Call 04/18/25)		778		744,982
Rheinland-Pfalz Bank, 6.88%, 02/23/28(b)(e)		15		15,911
Royal Bank of Canada
0.88%, 01/20/26(a)		8,225		7,614,758
1.15%, 06/10/25		8,471		8,044,343
1.15%, 07/14/26(a)		14,930		13,648,086
1.20%, 04/27/26		11,070		10,189,267
1.40%, 11/02/26(a)		6,106		5,552,413
2.05%, 01/21/27(a)		3,495		3,227,498
3.38%, 04/14/25(a)		7,365		7,214,265
3.63%, 05/04/27(a)		7,560		7,248,772
4.24%, 08/03/27		8,208		7,999,792
4.65%, 01/27/26		10,212		10,118,486

Security	Par (000)		Value
Banks (continued)
4.88%, 01/12/26	$	7,136	$	7,113,179
4.88%, 01/19/27(a)		6,880		6,848,345
4.90%, 01/12/28		5,025		5,013,591
4.95%, 04/25/25		9,060		9,033,206
4.95%, 02/01/29(a)		3,725		3,698,042
5.20%, 07/20/26		6,755		6,778,664
5.20%, 08/01/28(a)		6,595		6,637,157
6.00%, 11/01/27(a)		8,821		9,082,687
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27), (1-day SOFR + 1.249%)(c)		6,020		5,443,938
3.24%, 10/05/26 (Call 08/05/26)		5,474		5,126,975
3.45%, 06/02/25 (Call 05/02/25)		5,262		5,101,837
4.40%, 07/13/27 (Call 04/14/27)		5,709		5,473,234
4.50%, 07/17/25 (Call 04/17/25)		5,858		5,744,017
5.81%, 09/09/26 (Call 09/09/25), (1-day SOFR + 2.328%)(c)		1,230		1,228,389
6.17%, 01/09/30 (Call 01/09/29), (1-day SOFR + 2.500%)(c)		3,935		3,924,745
6.50%, 03/09/29 (Call 03/09/28), (1-day SOFR + 2.356%)(c)		6,548		6,648,073
6.57%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.700%)(c)		3,374		3,432,985
Santander U.K. Group Holdings PLC
1.53%, 08/21/26 (Call 08/21/25), (1-year CMT + 1.250%)(c)		4,789		4,489,015
1.67%, 06/14/27 (Call 06/14/26), (1-day SOFR + 0.989%)(c)		4,882		4,437,845
2.47%, 01/11/28 (Call 01/11/27), (1-day SOFR + 1.220%)(c)		4,960		4,515,538
3.82%, 11/03/28 (Call 11/03/27), (3-mo. LIBOR US + 1.400%)(a)(c)		6,625		6,183,836
4.75%, 09/15/25(b)		505		493,427
6.53%, 01/10/29 (Call 01/10/28), (1-day SOFR + 2.600%)(c)		8,008		8,211,517
6.83%, 11/21/26 (Call 11/21/25), (1-day SOFR + 2.749%)(c)		8,038		8,160,565
Shinhan Bank Co. Ltd.
1.38%, 10/21/26(b)		2,495		2,256,972
3.75%, 09/20/27(a)(b)		205		192,591
4.50%, 04/12/28(b)		4,165		4,077,108
Shinhan Financial Group Co. Ltd.
1.35%, 01/10/26(b)		248		230,083
2.88%, (Call 05/12/26), (5-year CMT + 2.064%)(b)(c)(d)		2,275		2,121,984
5.00%, 07/24/28(a)		2,250		2,226,711
Skandinaviska Enskilda Banken AB
0.85%, 09/02/25(a)(b)		1,293		1,210,068
1.20%, 09/09/26(a)(b)		2,343		2,118,897
1.40%, 11/19/25(a)(b)		975		914,461
3.70%, 06/09/25(a)(b)		850		833,457
5.13%, 03/05/27(b)		3,800		3,796,411
5.38%, 03/05/29(b)		3,800		3,786,464
Societe Generale SA
1.38%, 07/08/25(a)(b)		2,361		2,236,722
1.49%, 12/14/26 (Call 12/14/25), (1-year CMT + 1.100%)(b)(c)		12,536		11,561,739
1.79%, 06/09/27 (Call 06/09/26), (1-year CMT + 1.000%)(b)(c)		7,174		6,534,322
2.80%, 01/19/28 (Call 01/19/27), (1-year CMT + 1.300%)(a)(b)(c)		8,990		8,249,224

146 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.00%, 01/12/27(a)(b)	$	3,614	$	3,459,176
4.25%, 04/14/25(b)		8,660		8,472,458
4.25%, 08/19/26(a)(b)		5,891		5,625,741
4.68%, 06/15/27(a)(b)		4,615		4,542,070
4.75%, 11/24/25(a)(b)		5,679		5,561,008
4.75%, 09/14/28(a)(b)		405		393,257
5.52%, 01/19/28 (Call 01/19/27), (1-year CMT + 1.500%)(b)(c)		6,900		6,823,451
5.63%, 01/19/30 (Call 01/19/29), (1-year CMT + 1.750%)(a)(b)(c)		5,335		5,257,336
6.45%, 01/12/27 (Call 01/12/26), (1-year CMT + 2.300%)(a)(b)(c)		7,050		7,108,802
6.45%, 01/10/29 (Call 01/10/28), (1-year CMT + 2.550%)(b)(c)		9,778		9,987,962
Standard Chartered PLC
1.46%, 01/14/27 (Call 01/14/26), (1-year CMT + 1.000%)(b)(c)		11,188		10,283,204
2.61%, 01/12/28 (Call 01/12/27), (1-year CMT + 1.180%)(b)(c)		9,384		8,591,529
3.20%, 04/17/25(a)(b)		2,295		2,232,209
3.97%, 03/30/26 (Call 03/30/25), (1-year CMT + 1.650%)(b)(c)		5,550		5,422,720
4.05%, 04/12/26(b)		8,105		7,859,013
4.30%, 02/19/27(a)(b)		7,935		7,615,442
4.87%, 03/15/33 (Call 03/15/28), (5-year USD ICE Swap + 1.970%)(a)(b)(c)		735		692,848
6.17%, 01/09/27 (Call 01/09/26), (1-year CMT + 2.050%)(a)(b)(c)		5,694		5,743,992
6.19%, 07/06/27 (Call 07/06/26), (1-year CMT + 1.850%)(b)(c)		7,005		7,074,234
6.30%, 01/09/29 (Call 01/09/28), (1-year CMT + 2.450%)(b)(c)		10,580		10,813,104
6.75%, 02/08/28 (Call 02/08/27), (1-year CMT + 1.850%)(a)(b)(c)		1,385		1,418,880
7.02%, 02/08/30 (Call 02/08/29), (1-year CMT + 2.200%)(b)(c)		5,000		5,256,589
7.77%, 11/16/28 (Call 11/16/27), (1-year CMT + 3.450%)(a)(b)(c)		7,103		7,564,350
State Street Corp.
1.68%, 11/18/27 (Call 11/18/26), (1-day SOFR + 0.560%)(a)(c)		2,945		2,696,504
2.20%, 02/07/28 (Call 02/07/27), (1-day SOFR + 0.730%)(c)		3,940		3,632,045
2.65%, 05/19/26(a)		4,167		3,961,040
2.90%, 03/30/26 (Call 03/30/25), (1-day SOFR + 2.600%)(c)		2,373		2,309,817
3.55%, 08/18/25(a)		7,242		7,096,234
4.14%, 12/03/29 (Call 12/03/28), (3-mo. SOFR + 1.292%)(c)		2,566		2,460,543
5.10%, 05/18/26 (Call 05/18/25), (1-day SOFR + 1.130%)(c)		4,855		4,836,345
5.27%, 08/03/26 (Call 07/03/26)(a)		6,935		6,960,289
5.68%, 11/21/29 (Call 11/21/28), (1-day SOFR + 1.484%)(c)		8,460		8,643,304
5.75%, 11/04/26 (Call 11/04/25), (1-day SOFR + 1.353%)(c)		2,511		2,522,954
5.82%, 11/04/28 (Call 11/04/27), (1-day SOFR + 1.715%)(a)(c)		2,513		2,573,245
Sumitomo Mitsui Financial Group Inc.
0.95%, 01/12/26		5,760		5,323,246
1.40%, 09/17/26(a)		12,174		11,092,217

Security	Par (000)		Value
Banks (continued)
1.47%, 07/08/25	$	14,052	$	13,354,387
1.90%, 09/17/28		8,220		7,153,185
2.17%, 01/14/27		2,785		2,572,480
2.47%, 01/14/29		2,695		2,393,989
2.63%, 07/14/26		13,827		13,063,726
3.01%, 10/19/26(a)		8,707		8,246,932
3.35%, 10/18/27		4,635		4,375,926
3.36%, 07/12/27(a)		10,976		10,420,717
3.45%, 01/11/27(a)		7,587		7,265,207
3.54%, 01/17/28		4,433		4,197,975
3.78%, 03/09/26(a)		9,317		9,065,895
3.94%, 07/19/28(a)		4,439		4,253,613
4.31%, 10/16/28(a)		3,370		3,301,585
5.46%, 01/13/26		11,005		11,045,212
5.52%, 01/13/28(a)		13,894		14,116,666
5.72%, 09/14/28(a)		12,740		13,021,606
5.80%, 07/13/28(a)		7,145		7,344,431
5.88%, 07/13/26		5,290		5,367,129
Sumitomo Mitsui Trust Bank Ltd.
1.05%, 09/12/25(a)(b)		1,172		1,098,971
1.35%, 09/16/26(a)(b)		2,598		2,354,399
1.55%, 03/25/26(a)(b)		7,642		7,089,213
2.55%, 03/10/25(b)		905		879,088
2.80%, 03/10/27(a)(b)		8,165		7,629,412
4.80%, 09/15/25(a)(b)		898		890,430
4.95%, 09/15/27(a)(b)		635		629,979
5.20%, 03/07/27(b)		3,000		2,995,836
5.20%, 03/07/29		2,570		2,575,748
5.50%, 03/09/28(a)(b)		3,190		3,227,682
5.55%, 09/14/28(a)(b)		3,310		3,370,092
5.65%, 03/09/26(b)		4,535		4,565,448
5.65%, 09/14/26(a)(b)		2,090		2,107,176
Svenska Handelsbanken AB
1.42%, 06/11/27 (Call 06/11/26), (1-year CMT + 0.630%)(a)(b)(c)		6,039		5,482,561
3.65%, 06/10/25(b)		824		807,749
3.95%, 06/10/27(a)(b)		3,965		3,830,602
5.25%, 06/15/26(b)		865		863,741
5.50%, 06/15/28(a)(b)		8,955		9,002,729
Swedbank AB
1.54%, 11/16/26(a)(b)		11,618		10,559,037
3.36%, 04/04/25(a)(b)		985		963,990
5.34%, 09/20/27(b)		3,535		3,526,475
5.47%, 06/15/26(a)(b)		3,600		3,617,389
6.14%, 09/12/26(a)(b)		2,315		2,343,492
Synchrony Bank
5.40%, 08/22/25 (Call 07/22/25)(a)		4,890		4,832,531
5.63%, 08/23/27 (Call 07/23/27)		4,368		4,249,750
Synovus Bank, 5.63%, 02/15/28 (Call 01/15/28)		2,859		2,761,663
Synovus Financial Corp., 5.20%, 08/11/25 (Call 07/11/25)(a)		820		806,229
Toronto-Dominion Bank (The)
0.75%, 09/11/25(a)		7,890		7,391,235
0.75%, 01/06/26(a)		9,217		8,523,140
1.15%, 06/12/25		6,571		6,236,998
1.20%, 06/03/26		9,667		8,869,453
1.25%, 09/10/26(a)		10,754		9,793,422
1.95%, 01/12/27(a)		6,212		5,717,142
2.80%, 03/10/27		10,562		9,906,545
3.63%, 09/15/31 (Call 09/15/26), (5-year USD Swap + 2.205%)(a)(c)		10,231		9,779,705

S C H E D U L E  O F  I N V E S T M E N T S 147

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.77%, 06/06/25	$	10,561	$	10,371,725
4.11%, 06/08/27(a)		12,475		12,121,830
4.69%, 09/15/27		12,313		12,173,313
5.10%, 01/09/26(a)		4,460		4,466,239
5.16%, 01/10/28(a)		10,630		10,666,400
5.26%, 12/11/26		5,540		5,575,297
5.52%, 07/17/28(a)		9,810		9,974,674
5.53%, 07/17/26		12,675		12,785,486
8.13%, 10/31/82 (Call 10/31/27), (5-year CMT + 4.075%)(a)(c)		9,270		9,647,836
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)(a)		7,555		7,258,767
3.30%, 05/15/26 (Call 04/15/26)		4,231		4,036,040
3.63%, 09/16/25 (Call 08/16/25)		7,683		7,456,601
3.80%, 10/30/26 (Call 09/30/26)		4,648		4,455,337
4.05%, 11/03/25 (Call 09/03/25)(a)		3,063		2,995,400
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)(a)		4,625		4,028,292
1.20%, 08/05/25 (Call 07/03/25)(a)		4,289		4,033,752
1.27%, 03/02/27 (Call 03/02/26), (1-day SOFR + 0.609%)(c)		7,593		6,969,891
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)(c)		7,096		6,103,295
3.70%, 06/05/25 (Call 05/05/25)		5,517		5,399,139
4.00%, 05/01/25 (Call 03/01/25)		5,174		5,081,119
4.12%, 06/06/28 (Call 06/06/27), (1-day SOFR + 1.368%)(a)(c)		5,675		5,463,901
4.26%, 07/28/26 (Call 07/28/25), (1-day SOFR + 1.456%)(a)(c)		9,313		9,123,338
4.87%, 01/26/29 (Call 01/26/28), (1-day SOFR + 1.435%)(a)(c)		11,785		11,494,046
5.44%, 01/24/30 (Call 01/24/29), (1-day SOFR + 1.620%)(c)		3,925		3,882,074
5.90%, 10/28/26 (Call 10/28/25), (1-day SOFR + 1.626%)(c)		4,575		4,594,585
6.05%, 06/08/27 (Call 06/08/26), (1-day SOFR + 2.050%)(c)		8,320		8,404,044
7.16%, 10/30/29 (Call 10/30/28), (1-day SOFR + 2.446%)(c)		13,825		14,632,012
U.S. Bancorp.
1.45%, 05/12/25 (Call 04/11/25)(a)		7,967		7,623,265
2.22%, 01/27/28 (Call 01/27/27), (1-day SOFR + 0.730%)(a)(c)		7,655		7,013,599
3.10%, 04/27/26 (Call 03/27/26)(a)		5,535		5,286,821
3.90%, 04/26/28 (Call 03/24/28)		5,481		5,249,773
3.95%, 11/17/25 (Call 10/17/25)(a)		4,145		4,056,355
4.55%, 07/22/28 (Call 07/22/27), (1-day SOFR + 1.660%)(c)		10,805		10,549,206
4.65%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.230%)(a)(c)		15,050		14,639,387
5.38%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.560%)(c)		3,010		2,993,095
5.73%, 10/21/26 (Call 10/21/25), (1-day SOFR + 1.430%)(a)(c)		8,705		8,743,464
5.78%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.020%)(c)		13,425		13,565,104
6.79%, 10/26/27 (Call 10/26/26), (1-day SOFR + 1.880%)(c)		2,750		2,841,296
Series V, 2.38%, 07/22/26 (Call 06/22/26)(a)		8,311		7,789,879
Series X, 3.15%, 04/27/27 (Call 03/27/27)(a)		8,062		7,611,595

Security	Par (000)		Value
Banks (continued)
UBS AG/London
1.25%, 06/01/26	$	7,594	$	6,962,642
5.65%, 09/11/28(a)		12,380		12,615,174
5.80%, 09/11/25		6,390		6,435,794
UBS AG/Stamford CT, 7.50%, 07/15/25		805		821,698
UBS Group AG
1.31%, 02/02/27 (Call 02/02/26), (1-day SOFR + 0.980%)(b)(c)		13,712		12,606,581
1.36%, 01/30/27 (Call 01/30/26), (1-year CMT + 1.080%)(b)(c)		9,319		8,585,360
1.49%, 08/10/27 (Call 08/10/26), (1-year CMT + 0.850%)(b)(c)		13,250		12,004,002
2.19%, 06/05/26 (Call 06/05/25), (1-day SOFR + 2.044%)(a)(b)(c)		10,042		9,608,416
3.75%, 03/26/25		15,409		15,091,369
3.87%, 01/12/29 (Call 01/12/28), (3-mo. LIBOR US + 1.410%)(b)(c)		13,360		12,565,051
4.13%, 09/24/25(b)		18,350		17,949,162
4.13%, 04/15/26(b)		13,791		13,390,218
4.25%, 03/23/28 (Call 03/23/27)(b)		14,940		14,300,312
4.28%, 01/09/28 (Call 01/09/27)(b)		15,240		14,625,305
4.49%, 05/12/26 (Call 05/12/25), (1-year CMT + 1.550%)(a)(b)(c)		8,165		8,032,088
4.55%, 04/17/26		13,386		13,152,242
4.70%, 08/05/27 (Call 08/05/26), (1-year CMT + 2.050%)(a)(b)(c)		11,895		11,659,354
4.75%, 05/12/28 (Call 05/12/27), (1-year CMT + 1.750%)(b)(c)		8,520		8,309,806
5.43%, 02/08/30 (Call 02/08/29), (1-year CMT + 1.520%)(a)(b)(c)		7,635		7,583,953
5.71%, 01/12/27 (Call 01/12/26), (1-year CMT + 1.550%)(b)(c)		11,950		11,946,200
6.25%, 09/22/29 (Call 09/22/28), (1-year CMT + 1.800%)(b)(c)		7,470		7,672,924
6.33%, 12/22/27 (Call 12/22/26), (1-year CMT + 1.600%)(a)(b)(c)		8,495		8,665,878
6.37%, 07/15/26 (Call 07/15/25), (1-day SOFR + 3.340%)(b)(c)		10,515		10,587,145
6.44%, 08/11/28 (Call 08/11/27), (1-day SOFR + 3.700%)(a)(b)(c)		12,011		12,344,455
UniCredit SpA
1.98%, 06/03/27 (Call 06/03/26), (1-year CMT + 1.200%)(a)(b)(c)		8,929		8,194,330
2.57%, 09/22/26 (Call 09/22/25), (1-year CMT + 2.300%)(a)(b)(c)		2,280		2,159,522
United Overseas Bank Ltd.
1.25%, 04/14/26(b)		505		466,250
2.00%, 10/14/31 (Call 10/14/26), (5-year CMT + 1.230%)(a)(b)(c)		2,845		2,594,892
3.06%, 04/07/25(a)(b)		510		498,433
3.86%, 10/07/32 (Call 10/07/27), (5-year CMT + 1.450%)(a)(b)(c)		6,163		5,848,158
Wachovia Corp.
6.61%, 10/01/25		835		847,946
7.57%, 08/01/26(e)		3,093		3,244,916
Wells Fargo & Co.
2.19%, 04/30/26 (Call 04/30/25), (1-day SOFR + 2.000%)(c)		22,343		21,438,815
2.39%, 06/02/28 (Call 06/02/27), (1-day SOFR + 2.100%)(c)		23,952		21,846,170
3.00%, 04/22/26		26,457		25,240,183

148 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.00%, 10/23/26	$	25,246	$	23,867,577
3.20%, 06/17/27 (Call 06/17/26), (3-mo. SOFR + 1.432%)(c)		18,697		17,801,421
3.53%, 03/24/28 (Call 03/24/27), (1-day SOFR + 1.510%)(c)		29,076		27,567,587
3.55%, 09/29/25		19,774		19,263,296
3.58%, 05/22/28 (Call 05/22/27), (3-mo. SOFR + 1.572%)(c)		22,280		21,120,596
3.91%, 04/25/26 (Call 04/25/25), (1-day SOFR + 1.320%)(c)		20,595		20,193,846
4.10%, 06/03/26		18,914		18,421,473
4.15%, 01/24/29 (Call 10/24/28)(a)		1,835		1,756,493
4.30%, 07/22/27(a)		19,727		19,149,891
4.54%, 08/15/26 (Call 08/15/25), (1-day SOFR + 1.560%)(a)(c)		11,160		11,005,803
4.81%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.980%)(c)		22,308		21,908,064
5.20%, 01/23/30 (Call 01/23/29), (1-day SOFR + 1.500%)(c)		17,325		17,176,192
5.57%, 07/25/29 (Call 07/25/28), (1-day SOFR + 1.740%)(a)(c)		27,755		27,936,755
6.30%, 10/23/29 (Call 10/23/28), (1-day SOFR + 1.790%)(c)		15,875		16,454,157
Wells Fargo Bank NA
4.81%, 01/15/26 (Call 12/15/25)		8,275		8,233,279
5.25%, 12/11/26 (Call 11/09/26)(a)		13,765		13,815,359
5.45%, 08/07/26 (Call 07/07/26)		18,960		19,122,414
5.55%, 08/01/25 (Call 07/01/25)		19,975		20,056,722
Westpac Banking Corp.
1.15%, 06/03/26		8,102		7,446,322
1.95%, 11/20/28		7,500		6,582,240
2.70%, 08/19/26(a)		5,309		5,041,832
2.85%, 05/13/26		8,494		8,113,623
3.35%, 03/08/27(a)		7,135		6,827,016
3.40%, 01/25/28(a)		3,770		3,574,012
3.74%, 08/26/25		3,969		3,894,701
4.04%, 08/26/27(a)		6,100		5,969,863
4.32%, 11/23/31 (Call 11/23/26), (5-year USD ICE Swap + 2.236%)(c)		8,939		8,584,808
5.46%, 11/18/27		9,360		9,517,665
5.51%, 11/17/25(a)		6,000		6,046,332
5.54%, 11/17/28		12,480		12,772,673
Westpac New Zealand Ltd.
4.90%, 02/15/28(a)(b)		4,283		4,235,664
5.13%, 02/26/27(a)(b)		4,045		4,040,597
5.20%, 02/28/29(b)		4,000		3,997,239
Woori Bank
0.75%, 02/01/26(b)		800		733,984
4.88%, 01/26/28(a)(b)		2,250		2,236,208
				6,955,784,213
Beverages — 1.2%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc., 3.65%, 02/01/26 (Call 11/01/25)(a)		8,520		8,302,756
Anheuser-Busch InBev Worldwide Inc.
4.00%, 04/13/28 (Call 01/13/28)(a)		19,819		19,219,717
4.75%, 01/23/29 (Call 10/23/28)		25,990		25,773,584
Bacardi Ltd.
2.75%, 07/15/26 (Call 04/15/26)(a)(b)		705		664,262
4.45%, 05/15/25 (Call 03/15/25)(b)		5,253		5,175,428

Security	Par (000)		Value
Beverages (continued)
4.70%, 05/15/28 (Call 02/15/28)(b)	$	310	$	301,072
Bacardi Ltd./Bacardi-Martini BV, 5.25%, 01/15/29 (Call 12/15/28)(b)		65		63,988
Brown-Forman Corp., 3.50%, 04/15/25 (Call 02/15/25)		1,788		1,750,876
Coca-Cola Co. (The)
1.00%, 03/15/28(a)		8,565		7,468,682
1.45%, 06/01/27(a)		9,733		8,809,037
1.50%, 03/05/28(a)		5,560		4,945,239
2.90%, 05/25/27		3,431		3,257,699
3.38%, 03/25/27		6,185		5,965,487
Coca-Cola Consolidated Inc., 3.80%, 11/25/25 (Call 08/25/25)(a)		2,892		2,828,509
Coca-Cola Europacific Partners PLC, 1.50%, 01/15/27 (Call 12/15/26)(b)		2,278		2,058,390
Constellation Brands Inc.
3.50%, 05/09/27 (Call 02/09/27)		3,479		3,307,651
3.60%, 02/15/28 (Call 11/15/27)		5,536		5,233,713
3.70%, 12/06/26 (Call 09/06/26)		4,369		4,208,174
4.35%, 05/09/27 (Call 04/09/27)(a)		4,059		3,969,669
4.40%, 11/15/25 (Call 09/15/25)		3,619		3,564,971
4.65%, 11/15/28 (Call 08/15/28)		3,115		3,057,745
4.75%, 12/01/25		2,559		2,531,799
4.80%, 01/15/29 (Call 12/15/28)		2,490		2,454,089
5.00%, 02/02/26 (Call 03/11/24)(a)		4,145		4,118,565
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		5,273		4,974,541
3.88%, 05/18/28 (Call 02/18/28)		1,655		1,602,705
5.20%, 10/24/25(a)		3,415		3,417,434
5.30%, 10/24/27 (Call 09/24/27)		5,025		5,085,979
5.38%, 10/05/26 (Call 09/05/26)		4,750		4,789,032
Heineken NV, 3.50%, 01/29/28 (Call 10/29/27)(a)(b)		7,245		6,913,913
JDE Peet’s NV, 1.38%, 01/15/27 (Call 12/15/26)(a)(b)		5,050		4,515,870
Keurig Dr Pepper Inc.
2.55%, 09/15/26 (Call 06/15/26)		2,583		2,422,017
3.40%, 11/15/25 (Call 08/15/25)		3,493		3,384,153
3.43%, 06/15/27 (Call 03/15/27)(a)		3,648		3,473,069
4.42%, 05/25/25 (Call 03/25/25)(a)		3,977		3,933,297
4.60%, 05/25/28 (Call 02/25/28)(a)		8,045		7,935,590
Molson Coors Beverage Co., 3.00%, 07/15/26 (Call 04/15/26)		13,044		12,423,503
PepsiCo Inc.
2.38%, 10/06/26 (Call 07/06/26)		6,585		6,204,420
2.63%, 03/19/27 (Call 01/19/27)		4,005		3,765,505
2.75%, 04/30/25 (Call 01/30/25)(a)		6,591		6,418,153
2.85%, 02/24/26 (Call 11/24/25)		4,793		4,607,643
3.00%, 10/15/27 (Call 07/15/27)		7,175		6,764,522
3.50%, 07/17/25 (Call 04/17/25)(a)		4,794		4,697,254
3.60%, 02/18/28 (Call 01/18/28)		6,632		6,380,073
4.45%, 05/15/28 (Call 04/15/28)(a)		5,850		5,838,546
4.55%, 02/13/26 (Call 01/13/26)(a)		3,367		3,347,043
5.13%, 11/10/26 (Call 10/10/26)(a)		4,625		4,654,341
5.25%, 11/10/25(a)		5,335		5,356,888
Pepsico Singapore Financing I Pte Ltd.
4.55%, 02/16/29 (Call 01/16/29)		2,700		2,675,601
4.65%, 02/16/27 (Call 01/16/27)		2,525		2,507,122
Pernod Ricard International Finance LLC,
1.25%, 04/01/28 (Call 02/01/28)(a)(b)		3,954		3,407,462

S C H E D U L E  O F  I N V E S T M E N T S 149

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
Pernod Ricard SA, 3.25%, 06/08/26 (Call 03/08/26)(a)(b)	$	4,609	$	4,426,748
				264,953,526
Biotechnology — 0.7%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		7,045		6,137,327
2.20%, 02/21/27 (Call 12/21/26)(a)		11,675		10,766,332
2.60%, 08/19/26 (Call 05/19/26)(a)		8,764		8,271,748
3.00%, 02/22/29 (Call 12/22/28)		1,155		1,059,323
3.13%, 05/01/25 (Call 02/01/25)(a)		6,472		6,306,729
3.20%, 11/02/27 (Call 08/02/27)		2,240		2,106,363
5.15%, 03/02/28 (Call 02/02/28)		30,430		30,488,742
5.51%, 03/02/26 (Call 03/11/24)(a)		5,295		5,288,102
Baxalta Inc., 4.00%, 06/23/25 (Call 03/23/25)		6,118		6,009,503
Biogen Inc., 4.05%, 09/15/25 (Call 06/15/25)(a)		11,884		11,647,869
Bio-Rad Laboratories Inc., 3.30%, 03/15/27 (Call 02/15/27)(a)		2,801		2,641,307
CSL Finance PLC, 3.85%, 04/27/27 (Call 03/27/27)(a)(b)		3,545		3,413,903
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		4,894		4,306,455
2.95%, 03/01/27 (Call 12/01/26)(a)		8,147		7,697,114
3.65%, 03/01/26 (Call 12/01/25)(a)		18,262		17,732,170
Illumina Inc.
5.75%, 12/13/27 (Call 11/13/27)		3,650		3,681,342
5.80%, 12/12/25 (Call 11/12/25)		3,370		3,370,353
Royalty Pharma PLC
1.20%, 09/02/25 (Call 08/02/25)		6,916		6,475,078
1.75%, 09/02/27 (Call 07/02/27)(a)		6,593		5,870,844
				143,270,604
Building Materials — 0.4%
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)		6,131		5,693,928
5.80%, 11/30/25		8,900		8,962,711
CRH America Finance Inc.
3.40%, 05/09/27 (Call 02/09/27)(a)(b)		1,960		1,859,604
3.95%, 04/04/28 (Call 01/04/28)(b)		7,081		6,822,099
CRH America Inc., 3.88%, 05/18/25 (Call 02/15/25)(b)		8,400		8,215,335
Fortune Brands Innovations Inc., 4.00%, 06/15/25 (Call 03/15/25)		3,820		3,747,115
Holcim Finance U.S. LLC, 3.50%, 09/22/26 (Call 06/22/26)(a)(b)		3,101		2,970,141
Johnson Controls International PLC, 3.90%, 02/14/26 (Call 11/14/25)(a)		3,462		3,373,527
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)(a)		2,346		2,212,337
1.70%, 08/01/27 (Call 06/01/27)		2,393		2,142,493
5.50%, 09/15/28 (Call 08/15/28)		4,380		4,420,169
Martin Marietta Materials Inc.
3.45%, 06/01/27 (Call 03/01/27)(a)		975		931,105
3.50%, 12/15/27 (Call 09/15/27)		3,340		3,165,948
Masco Corp.
1.50%, 02/15/28 (Call 12/15/27)		4,210		3,658,354
3.50%, 11/15/27 (Call 08/15/27)(a)		695		653,098
Mohawk Industries Inc., 5.85%, 09/18/28 (Call 08/18/28)(a)		4,760		4,862,886
Owens Corning, 3.40%, 08/15/26 (Call 05/15/26)		3,088		2,949,791

Security	Par (000)		Value
Building Materials (continued)
St Marys Cement Inc. Canada, 5.75%, 01/28/27 (Call 10/28/26)(b)	$	290	$	288,766
Trane Technologies Financing Ltd., 3.50%, 03/21/26 (Call 01/21/26)		3,241		3,132,942
Trane Technologies Global Holding Co. Ltd., 3.75%, 08/21/28 (Call 05/21/28)(a)		1,690		1,612,076
Vulcan Materials Co.
3.90%, 04/01/27 (Call 01/01/27)(a)		2,844		2,754,066
4.50%, 04/01/25 (Call 01/01/25)(a)		3,190		3,155,036
5.80%, 03/01/26 (Call 03/01/24)(a)		890		890,000
				78,473,527
Chemicals — 1.2%
Air Liquide Finance SA, 2.50%, 09/27/26 (Call 06/27/26)(b)		6,079		5,718,050
Air Products and Chemicals Inc.
1.50%, 10/15/25 (Call 09/15/25)		4,084		3,860,651
1.85%, 05/15/27 (Call 03/15/27)		4,481		4,096,540
4.60%, 02/08/29 (Call 01/08/29)		6,395		6,318,768
Albemarle Corp., 4.65%, 06/01/27 (Call 05/01/27)(a)		4,615		4,532,301
Bayport Polymers LLC, 4.74%, 04/14/27 (Call 03/14/27)(a)(b)		700		663,509
Cabot Corp., 3.40%, 09/15/26 (Call 06/15/26)		2,081		1,957,496
Celanese U.S. Holdings LLC
1.40%, 08/05/26 (Call 07/05/26)(a)		2,845		2,580,320
6.05%, 03/15/25		7,028		7,045,391
6.17%, 07/15/27 (Call 06/15/27)(a)		12,948		13,145,016
6.35%, 11/15/28 (Call 10/15/28)		5,950		6,119,305
CF Industries Inc., 4.50%, 12/01/26(a)(b)		5,063		4,934,076
Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP
3.40%, 12/01/26 (Call 09/01/26)(a)(b)		3,185		3,034,701
3.70%, 06/01/28 (Call 03/01/28)(a)(b)		5,205		4,935,784
5.13%, 04/01/25 (Call 03/01/25)(b)		4,878		4,858,860
Dow Chemical Co. (The), 4.80%, 11/30/28 (Call 08/30/28)(a)		1,060		1,052,254
DuPont de Nemours Inc.
4.49%, 11/15/25 (Call 09/15/25)(a)		11,975		11,833,864
4.73%, 11/15/28 (Call 08/15/28)(a)		11,665		11,600,272
Eastman Chemical Co.
3.80%, 03/15/25 (Call 12/15/24)		5,335		5,247,838
4.50%, 12/01/28 (Call 09/01/28)(a)		1,110		1,077,147
Ecolab Inc.
1.65%, 02/01/27 (Call 01/01/27)		3,356		3,066,785
2.70%, 11/01/26 (Call 08/01/26)(a)		4,616		4,381,280
3.25%, 12/01/27 (Call 09/01/27)(a)		3,505		3,320,055
5.25%, 01/15/28 (Call 12/15/27)(a)		3,575		3,628,477
EIDP Inc.
1.70%, 07/15/25 (Call 06/15/25)		3,800		3,610,543
4.50%, 05/15/26 (Call 04/15/26)		790		777,807
FMC Corp.
3.20%, 10/01/26 (Call 08/01/26)(a)		3,368		3,155,515
5.15%, 05/18/26 (Call 04/18/26)(a)		3,300		3,254,514
International Flavors & Fragrances Inc.
1.23%, 10/01/25 (Call 09/01/25)(b)		6,660		6,206,676
1.83%, 10/15/27 (Call 08/15/27)(b)		7,845		6,894,602
4.45%, 09/26/28 (Call 06/26/28)(a)		100		96,444
LG Chem Ltd., 1.38%, 07/07/26(b)		3,635		3,313,523
Linde Inc./CT
3.20%, 01/30/26 (Call 10/30/25)		4,627		4,484,767
4.70%, 12/05/25 (Call 11/05/25)		4,080		4,060,912

150 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
LYB Finance Co. BV, 8.10%, 03/15/27(a)(b)	$	2,985	$	3,175,439
LYB International Finance II BV, 3.50%, 03/02/27 (Call 12/02/26)		2,865		2,730,079
LYB International Finance III LLC, 1.25%, 10/01/25 (Call 09/01/25)(a)		3,626		3,388,243
MEGlobal BV
2.63%, 04/28/28 (Call 01/28/28)(b)		4,400		3,905,176
4.25%, 11/03/26(b)		5,406		5,189,760
MEGlobal Canada ULC, 5.00%, 05/18/25(a)(b)		10,125		9,986,389
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)(a)		4,690		4,505,259
5.38%, 11/15/28 (Call 10/15/28)(a)		3,575		3,601,490
Nutrien Ltd.
3.00%, 04/01/25 (Call 01/01/25)(a)		3,043		2,959,250
4.00%, 12/15/26 (Call 09/15/26)		3,059		2,962,167
4.90%, 03/27/28 (Call 02/27/28)(a)		6,676		6,621,240
5.95%, 11/07/25(a)		3,540		3,568,575
OCI NV, 4.63%, 10/15/25 (Call 04/02/24)(a)(b)		999		979,499
Orbia Advance Corp. SAB de CV
1.88%, 05/11/26 (Call 04/11/26)(b)		3,949		3,602,085
4.00%, 10/04/27 (Call 07/04/27)(a)(b)		2,905		2,735,010
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)(a)		4,756		4,395,216
3.75%, 03/15/28 (Call 12/15/27)		2,715		2,601,583
RPM International Inc., 3.75%, 03/15/27 (Call 12/15/26)		3,079		2,937,582
SABIC Capital II BV, 4.50%, 10/10/28(b)		4,280		4,173,069
Sherwin-Williams Co. (The)
3.45%, 08/01/25 (Call 05/01/25)(a)		2,920		2,846,212
3.45%, 06/01/27 (Call 03/01/27)		10,382		9,887,658
3.95%, 01/15/26 (Call 10/15/25)(a)		1,841		1,801,130
4.25%, 08/08/25(a)		2,910		2,868,456
Syngenta Finance NV
4.89%, 04/24/25 (Call 02/24/25)(b)		4,757		4,691,642
5.18%, 04/24/28 (Call 01/24/28)(a)(b)		2,715		2,663,209
Westlake Corp., 3.60%, 08/15/26 (Call 05/15/26)(a)		5,091		4,898,191
Yara International ASA
3.80%, 06/06/26 (Call 03/06/26)(a)(b)		2,044		1,960,500
4.75%, 06/01/28 (Call 03/01/28)(b)		2,860		2,764,655
				263,262,807
Commercial Services — 0.9%
Adani Ports & Special Economic Zone Ltd.
4.00%, 07/30/27 (Call 06/30/27)(b)		1,935		1,771,133
4.20%, 08/04/27 (Call 02/04/27)(b)		2,360		2,171,196
Ashtead Capital Inc.
1.50%, 08/12/26 (Call 07/12/26)(a)(b)		3,748		3,393,204
4.00%, 05/01/28 (Call 03/11/24)(a)(b)		4,420		4,134,084
4.38%, 08/15/27 (Call 03/18/24)(a)(b)		4,095		3,911,294
Automatic Data Processing Inc.
1.70%, 05/15/28 (Call 03/15/28)		2,110		1,881,381
3.38%, 09/15/25 (Call 06/15/25)		6,633		6,481,781
Block Financial LLC
2.50%, 07/15/28 (Call 05/15/28)		240		211,347
5.25%, 10/01/25 (Call 07/01/25)(a)		1,974		1,962,074
Cintas Corp. No. 2
3.45%, 05/01/25 (Call 04/01/25)		5,191		5,082,242
3.70%, 04/01/27 (Call 01/01/27)(a)		4,562		4,423,311
CK Hutchison International 23 Ltd., 4.75%, 04/21/28 (Call 03/21/28)(a)(b)		5,795		5,741,487
DP World Crescent Ltd., 4.85%, 09/26/28(b)		225		220,876

Security	Par (000)		Value
Commercial Services (continued)
Element Fleet Management Corp.
3.85%, 06/15/25 (Call 05/15/25)(a)(b)	$	2,742	$	2,667,158
6.27%, 06/26/26 (Call 05/26/26)(a)(b)		4,460		4,499,835
6.32%, 12/04/28 (Call 11/04/28)(a)(b)		4,640		4,759,001
Equifax Inc.
2.60%, 12/15/25 (Call 11/15/25)		2,928		2,790,482
3.25%, 06/01/26 (Call 03/01/26)(a)		2,300		2,197,138
5.10%, 12/15/27 (Call 11/15/27)		5,555		5,536,590
5.10%, 06/01/28 (Call 05/01/28)(a)		5,416		5,383,505
ERAC USA Finance LLC
3.30%, 12/01/26 (Call 09/01/26)(b)		2,140		2,037,113
3.80%, 11/01/25 (Call 08/01/25)(b)		5,263		5,125,177
4.60%, 05/01/28 (Call 04/01/28)(b)		6,745		6,629,042
5.00%, 02/15/29 (Call 01/15/29)(a)(b)		4,270		4,243,191
Experian Finance PLC, 4.25%, 02/01/29 (Call 11/01/28)(a)(b)		580		560,563
Gartner Inc., 4.50%, 07/01/28 (Call 04/01/24)(a)(b)		1,628		1,541,039
Global Payments Inc.
1.20%, 03/01/26 (Call 02/01/26)(a)		6,985		6,429,784
2.15%, 01/15/27 (Call 12/15/26)		4,841		4,442,873
4.45%, 06/01/28 (Call 03/01/28)		1,595		1,538,383
4.80%, 04/01/26 (Call 01/01/26)(a)		5,124		5,059,971
4.95%, 08/15/27 (Call 07/15/27)		3,506		3,473,830
GXO Logistics Inc., 1.65%, 07/15/26 (Call 06/15/26)(a)		2,849		2,599,663
Leland Stanford Junior University (The), 1.29%, 06/01/27 (Call 04/01/27)(a)		497		446,062
Moody’s Corp.
3.25%, 01/15/28 (Call 10/15/27)(a)		1,360		1,280,041
3.75%, 03/24/25 (Call 02/24/25)		5,169		5,081,312
4.25%, 02/01/29 (Call 11/01/28)(a)		2,150		2,079,925
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		7,083		6,779,040
2.65%, 10/01/26 (Call 08/01/26)(a)		8,436		7,950,452
3.90%, 06/01/27 (Call 05/01/27)(a)		4,165		4,026,482
Pelabuhan Indonesia Persero PT, 4.25%, 05/05/25(a)(b)		10,330		10,153,920
S&P Global Inc.
2.45%, 03/01/27 (Call 02/01/27)(a)		9,217		8,592,574
2.95%, 01/22/27 (Call 10/22/26)(a)		3,532		3,351,674
4.75%, 08/01/28 (Call 05/01/28)		395		393,759
Sodexo Inc., 1.63%, 04/16/26 (Call 03/16/26)(b)		3,662		3,383,343
Transurban Finance Co. Pty. Ltd.
3.38%, 03/22/27 (Call 12/22/26)(a)(b)		2,744		2,585,075
4.13%, 02/02/26 (Call 11/02/25)(a)(b)		3,715		3,622,055
Triton Container International Ltd., 2.05%, 04/15/26 (Call 03/15/26)(a)(b)		4,054		3,715,857
UL Solutions Inc., 6.50%, 10/20/28 (Call 09/20/28)(a)(b)		1,860		1,921,440
Verisk Analytics Inc., 4.00%, 06/15/25 (Call 03/15/25)		6,409		6,295,571
Yale University, Series 2020, 0.87%, 04/15/25 (Call 03/15/25)(a)		1,165		1,111,369
				185,669,699
Computers — 2.0%
Apple Inc.
0.55%, 08/20/25 (Call 07/20/25)		8,617		8,101,271
0.70%, 02/08/26 (Call 01/08/26)(a)		16,239		15,011,588
1.13%, 05/11/25 (Call 04/11/25)		14,663		14,000,172
1.20%, 02/08/28 (Call 12/08/27)(a)		17,247		15,154,420

S C H E D U L E  O F  I N V E S T M E N T S 151

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Computers (continued)
1.40%, 08/05/28 (Call 06/05/28)	$	11,365	$	9,934,696
2.05%, 09/11/26 (Call 07/11/26)		12,955		12,117,822
2.45%, 08/04/26 (Call 05/04/26)		14,440		13,666,447
2.90%, 09/12/27 (Call 06/12/27)(a)		13,176		12,432,668
3.00%, 06/20/27 (Call 03/20/27)(a)		11,083		10,515,426
3.00%, 11/13/27 (Call 08/13/27)(a)		9,678		9,155,059
3.20%, 05/13/25(a)		13,032		12,760,325
3.20%, 05/11/27 (Call 02/11/27)(a)		13,307		12,703,606
3.25%, 02/23/26 (Call 11/23/25)(a)		21,242		20,608,745
3.35%, 02/09/27 (Call 11/09/26)		14,636		14,080,536
4.00%, 05/10/28 (Call 04/10/28)(a)		14,248		13,939,820
4.42%, 05/08/26 (Call 05/08/24)(a)		20		19,916
Booz Allen Hamilton Inc., 3.88%, 09/01/28 (Call 04/01/24)(b)		3,080		2,857,867
CGI Inc., 1.45%, 09/14/26 (Call 08/14/26)		4,117		3,730,856
Dell Inc., 7.10%, 04/15/28(a)		490		525,594
Dell International LLC/EMC Corp.
4.90%, 10/01/26 (Call 08/01/26)		11,287		11,183,531
5.25%, 02/01/28 (Call 01/01/28)(a)		6,637		6,686,691
5.85%, 07/15/25 (Call 06/15/25)		6,829		6,859,159
6.02%, 06/15/26 (Call 03/15/26)		22,146		22,388,920
6.10%, 07/15/27 (Call 05/15/27)(a)		3,897		4,001,832
DXC Technology Co.
1.80%, 09/15/26 (Call 08/15/26)(a)		4,697		4,264,461
2.38%, 09/15/28 (Call 07/15/28)(a)		975		840,948
Fortinet Inc., 1.00%, 03/15/26 (Call 02/15/26)		3,658		3,356,404
Genpact Luxembourg SARL/Genpact USA Inc., 1.75%, 04/10/26 (Call 03/10/26)(a)		2,710		2,454,766
HCL America Inc., 1.38%, 03/10/26 (Call 02/10/26)(b)		1,526		1,410,267
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)(a)		5,441		5,055,388
4.90%, 10/15/25 (Call 07/15/25)(a)		16,364		16,252,238
5.25%, 07/01/28 (Call 06/01/28)(a)		4,552		4,557,725
6.10%, 04/01/26 (Call 04/01/24)(a)		2,256		2,257,055
HP Inc.
1.45%, 06/17/26 (Call 05/17/26)		3,670		3,372,151
2.20%, 06/17/25 (Call 05/17/25)(a)		7,893		7,577,567
3.00%, 06/17/27 (Call 04/17/27)		6,980		6,518,729
4.75%, 01/15/28 (Call 12/15/27)		5,905		5,846,555
IBM International Capital Pte Ltd.
4.60%, 02/05/27 (Call 01/05/27)		4,520		4,463,566
4.60%, 02/05/29 (Call 01/05/29)		4,470		4,382,778
4.70%, 02/05/26		4,565		4,527,763
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)		8,527		7,698,743
2.20%, 02/09/27 (Call 01/09/27)(a)		4,390		4,060,103
3.30%, 05/15/26		19,175		18,457,381
3.30%, 01/27/27(a)		2,966		2,835,214
3.45%, 02/19/26(a)		8,731		8,470,049
4.00%, 07/27/25(a)		6,504		6,402,392
4.15%, 07/27/27 (Call 06/27/27)		5,168		5,039,126
4.50%, 02/06/26(a)		5,270		5,223,282
4.50%, 02/06/28 (Call 01/06/28)(a)		6,505		6,414,024
6.22%, 08/01/27		1,320		1,378,583
6.50%, 01/15/28		1,260		1,331,856
7.00%, 10/30/25		6,852		7,070,667
Kyndryl Holdings Inc.
2.05%, 10/15/26 (Call 09/15/26)(a)		4,450		4,063,216
2.70%, 10/15/28 (Call 08/15/28)(a)		2,715		2,378,718
Leidos Inc., 3.63%, 05/15/25 (Call 04/15/25)		3,676		3,591,206

Security	Par (000)		Value
Computers (continued)
Lenovo Group Ltd., 5.83%, 01/27/28 (Call 12/27/27)(b)	$	200	$	201,727
NetApp Inc.
1.88%, 06/22/25 (Call 05/22/25)		5,252		5,014,228
2.38%, 06/22/27 (Call 04/22/27)(a)		4,299		3,940,137
Western Digital Corp., 2.85%, 02/01/29 (Call 12/01/28)(a)		2,200		1,852,834
Wipro IT Services LLC, 1.50%, 06/23/26 (Call 05/23/26)(a)(b)		3,585		3,291,230
				428,290,044
Cosmetics & Personal Care — 0.7%
Colgate-Palmolive Co.
3.10%, 08/15/25		4,062		3,960,231
3.10%, 08/15/27 (Call 07/15/27)(a)		3,475		3,318,824
4.60%, 03/01/28 (Call 02/01/28)		2,628		2,647,940
4.80%, 03/02/26(a)		4,088		4,097,811
Conopco Inc.
Series E, 7.25%, 12/15/26(a)		2,785		2,946,851
Series F, 6.63%, 04/15/28(a)		3,610		3,860,305
Estee Lauder Companies Inc. (The)
3.15%, 03/15/27 (Call 12/15/26)		3,550		3,384,255
4.38%, 05/15/28 (Call 04/15/28)(a)		6,065		5,963,892
Haleon U.K. Capital PLC
3.13%, 03/24/25(b)		75		73,139
3.13%, 03/24/25(a)		10,260		10,005,479
Haleon U.S. Capital LLC, 3.38%, 03/24/27 (Call 02/24/27)		12,890		12,243,615
Kenvue Inc.
5.05%, 03/22/28 (Call 02/22/28)		7,928		7,978,494
5.35%, 03/22/26 (Call 02/22/26)(a)		5,510		5,545,789
Procter & Gamble Co. (The)
0.55%, 10/29/25		6,993		6,520,450
1.00%, 04/23/26(a)		6,265		5,799,149
1.90%, 02/01/27(a)		6,515		6,035,526
2.45%, 11/03/26(a)		5,661		5,351,844
2.70%, 02/02/26		4,146		3,992,513
2.80%, 03/25/27(a)		4,065		3,848,704
2.85%, 08/11/27		4,535		4,283,848
3.95%, 01/26/28(a)		5,260		5,169,866
4.10%, 01/26/26(a)		4,440		4,389,161
4.35%, 01/29/29		3,450		3,419,302
Unilever Capital Corp.
2.00%, 07/28/26(a)		5,169		4,839,983
2.90%, 05/05/27 (Call 02/05/27)		6,725		6,360,509
3.10%, 07/30/25(a)		4,158		4,055,821
3.38%, 03/22/25 (Call 01/22/25)		778		762,328
3.50%, 03/22/28 (Call 12/22/27)(a)		6,585		6,298,912
4.88%, 09/08/28 (Call 08/08/28)(a)		3,840		3,868,575
				141,023,116
Distribution & Wholesale — 0.1%
Ferguson Finance PLC
4.25%, 04/20/27 (Call 03/20/27)(b)		1,680		1,632,893
4.50%, 10/24/28 (Call 07/24/28)(b)		4,185		4,080,318
LKQ Corp., 5.75%, 06/15/28 (Call 05/15/28)		5,685		5,744,954
Mitsubishi Corp.
1.13%, 07/15/26 (Call 06/15/26)(b)		12,050		10,959,589
5.00%, 07/05/28 (Call 06/05/28)(a)(b)		6,115		6,120,198
				28,537,952

152 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services — 4.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
1.75%, 01/30/26 (Call 12/30/25)	$	6,543	$	6,078,756
2.45%, 10/29/26 (Call 09/29/26)		24,618		22,707,416
3.00%, 10/29/28 (Call 08/29/28)(a)		19,910		17,890,452
3.65%, 07/21/27 (Call 04/21/27)		7,269		6,839,875
3.88%, 01/23/28 (Call 10/23/27)(a)		2,770		2,608,990
4.45%, 10/01/25 (Call 08/01/25)(a)		4,354		4,270,030
4.45%, 04/03/26 (Call 02/03/26)		3,933		3,853,606
4.63%, 10/15/27 (Call 08/15/27)(a)		4,515		4,374,422
5.10%, 01/19/29 (Call 12/19/28)(a)		10,985		10,797,720
5.75%, 06/06/28 (Call 05/06/28)(a)		8,015		8,073,008
6.10%, 01/15/27 (Call 12/15/26)(a)		4,535		4,591,666
6.45%, 04/15/27 (Call 03/15/27)(a)(b)		2,690		2,753,377
6.50%, 07/15/25 (Call 06/15/25)(a)		8,499		8,578,678
Affiliated Managers Group Inc., 3.50%, 08/01/25		1,445		1,404,452
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)		7,891		7,245,999
2.10%, 09/01/28 (Call 07/01/28)(a)		845		733,096
2.20%, 01/15/27 (Call 12/15/26)(a)		4,880		4,473,916
2.88%, 01/15/26 (Call 12/15/25)(a)		9,387		8,951,765
3.25%, 03/01/25 (Call 01/01/25)		5,006		4,887,292
3.38%, 07/01/25 (Call 06/01/25)		5,885		5,716,372
3.63%, 04/01/27 (Call 01/01/27)(a)		4,187		3,934,140
3.63%, 12/01/27 (Call 09/01/27)(a)		2,690		2,527,546
3.75%, 06/01/26 (Call 04/01/26)(a)		5,063		4,877,727
4.63%, 10/01/28 (Call 07/01/28)		3,050		2,946,536
5.10%, 03/01/29 (Call 02/01/29)(a)		3,125		3,076,068
5.30%, 02/01/28 (Call 01/01/28)(a)		5,110		5,085,518
5.85%, 12/15/27 (Call 11/15/27)(a)		3,780		3,826,842
AIR Lease Corp. Sukuk Ltd., 5.85%, 04/01/28 (Call 03/01/28)(b)		4,830		4,818,453
Aircastle Ltd.
2.85%, 01/26/28 (Call 11/26/27)(a)(b)		3,935		3,500,158
4.25%, 06/15/26 (Call 04/15/26)(a)		4,639		4,497,280
5.25%, 08/11/25 (Call 07/11/25)(b)		5,208		5,147,857
5.95%, 02/15/29 (Call 01/15/29)(a)(b)		3,675		3,630,405
6.50%, 07/18/28 (Call 06/18/28)(b)		4,550		4,596,759
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		5,050		4,294,430
4.63%, 03/30/25(a)		852		842,631
4.75%, 06/09/27 (Call 05/09/27)(a)		3,730		3,623,000
5.80%, 05/01/25 (Call 04/01/25)(a)		988		986,442
6.85%, 01/03/30 (Call 01/03/29), (1-day SOFR + 2.282%)(a)(c)		7,010		7,164,405
6.99%, 06/13/29 (Call 06/13/28), (1-day SOFR + 3.260%)(a)(c)		6,250		6,421,284
7.10%, 11/15/27 (Call 10/15/27)(a)		4,745		4,940,620
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)		6,472		5,920,229
2.25%, 03/04/25 (Call 02/01/25)(a)		11,117		10,765,873
2.55%, 03/04/27 (Call 02/01/27)(a)		11,512		10,684,313
3.13%, 05/20/26 (Call 04/20/26)		5,333		5,122,812
3.30%, 05/03/27 (Call 04/03/27)(a)		11,272		10,684,830
3.95%, 08/01/25 (Call 07/01/25)		14,638		14,381,154
4.20%, 11/06/25 (Call 10/06/25)		4,865		4,801,113
4.90%, 02/13/26 (Call 01/13/26)(a)		7,690		7,665,419
4.99%, 05/01/26 (Call 05/01/25), (1-day SOFR + 1.000%)(c)		8,352		8,302,995

Security	Par (000)		Value
Diversified Financial Services (continued)
5.10%, 02/16/28 (Call 02/16/27), (1-day SOFR + 1.000%)(a)(c)	$	3,310	$	3,297,520
5.28%, 07/27/29 (Call 07/27/28), (1-day SOFR + 1.280%)(c)		15,730		15,810,377
5.39%, 07/28/27 (Call 07/28/26), (1-day SOFR + 0.970%)(a)(c)		5,910		5,926,299
5.85%, 11/05/27 (Call 10/05/27)(a)		10,330		10,605,843
6.34%, 10/30/26 (Call 10/30/25), (1-day SOFR + 1.330%)(c)		5,980		6,070,993
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)(a)		1,755		1,666,209
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)(a)		3,682		3,494,483
3.00%, 04/02/25 (Call 03/02/25)		2,193		2,137,174
5.70%, 12/15/28 (Call 11/15/28)(a)		3,330		3,424,564
Andrew W Mellon Foundation (The), Series 2020, 0.95%, 08/01/27 (Call 06/01/27)		605		529,765
Antares Holdings LP
2.75%, 01/15/27 (Call 12/15/26)(a)(b)		1,225		1,091,409
3.75%, 07/15/27 (Call 06/15/27)(a)(b)		3,500		3,159,333
3.95%, 07/15/26 (Call 06/15/26)(b)		2,805		2,610,763
6.50%, 02/08/29 (Call 01/08/29)(a)(b)		2,850		2,784,515
7.95%, 08/11/28 (Call 07/11/28)(b)		250		258,486
Ares Finance Co. III LLC, 4.13%, 06/30/51 (Call 06/30/26), (5-year CMT + 3.237%)(b)(c)		3,125		2,823,125
Ares Management Corp., 6.38%, 11/10/28 (Call 10/10/28)(a)		1,120		1,167,167
Aviation Capital Group LLC
1.95%, 01/30/26 (Call 12/30/25)(a)(b)		5,321		4,945,620
1.95%, 09/20/26 (Call 08/20/26)(a)(b)		5,613		5,107,404
3.50%, 11/01/27 (Call 07/01/27)(a)(b)		2,365		2,181,235
4.13%, 08/01/25 (Call 06/01/25)(b)		4,229		4,108,605
4.88%, 10/01/25 (Call 07/01/25)(b)		1,707		1,672,683
6.25%, 04/15/28 (Call 03/15/28)(a)(b)		4,265		4,327,869
6.75%, 10/25/28 (Call 09/25/28)(a)(b)		3,625		3,756,350
Avolon Holdings Funding Ltd.
2.13%, 02/21/26 (Call 01/21/26)(b)		5,083		4,716,391
2.53%, 11/18/27 (Call 10/18/27)(a)(b)		12,980		11,490,291
2.75%, 02/21/28 (Call 12/21/27)(a)(b)		2,645		2,352,473
3.25%, 02/15/27 (Call 12/15/26)(b)		4,377		4,044,226
4.25%, 04/15/26 (Call 03/15/26)(a)(b)		6,664		6,425,617
4.38%, 05/01/26 (Call 03/01/26)(b)		4,962		4,787,800
5.50%, 01/15/26 (Call 12/15/25)(a)(b)		4,561		4,513,824
5.75%, 03/01/29 (Call 02/01/29)(b)		4,725		4,656,832
6.38%, 05/04/28 (Call 04/04/28)(a)(b)		6,235		6,326,983
BGC Group Inc.
4.38%, 12/15/25 (Call 09/15/25)(a)		1,592		1,536,872
8.00%, 05/25/28 (Call 04/25/28)(a)		765		808,962
Blackstone Holdings Finance Co. LLC
1.63%, 08/05/28 (Call 06/05/28)(a)(b)		5,160		4,468,730
3.15%, 10/02/27 (Call 07/02/27)(a)(b)		1,885		1,761,637
5.90%, 11/03/27 (Call 10/03/27)(a)(b)		4,103		4,193,055
Blue Owl Credit Income Corp., 7.95%, 06/13/28 (Call 05/13/28)(a)(b)		3,500		3,611,228
BOC Aviation Ltd.
3.25%, 04/29/25 (Call 03/29/25)(a)(b)		10,459		10,158,931
3.50%, 09/18/27 (Call 06/18/27)(b)		245		230,136
3.88%, 04/27/26 (Call 01/27/26)(a)(b)		6,742		6,521,940
BOC Aviation USA Corp., 5.75%, 11/09/28 (Call 10/09/28)(a)(b)		785		802,674

S C H E D U L E  O F  I N V E S T M E N T S 153

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
Brookfield Finance Inc.
3.90%, 01/25/28 (Call 10/25/27)(a)	$	7,100	$	6,811,191
4.25%, 06/02/26 (Call 03/02/26)		3,831		3,761,848
Cantor Fitzgerald LP
4.50%, 04/14/27 (Call 01/14/27)(a)(b)		2,315		2,193,197
7.20%, 12/12/28 (Call 11/12/28)(a)(b)		4,190		4,300,662
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26), (1-day SOFR + 0.855%)(c)		7,156		6,495,083
2.64%, 03/03/26 (Call 03/03/25), (1-day SOFR + 1.290%)(a)(c)		6,741		6,537,407
3.65%, 05/11/27 (Call 04/11/27)(a)		5,999		5,713,711
3.75%, 07/28/26 (Call 06/28/26)(a)		8,499		8,163,452
3.75%, 03/09/27 (Call 02/09/27)		9,062		8,651,462
3.80%, 01/31/28 (Call 12/31/27)(a)		10,869		10,279,676
4.20%, 10/29/25 (Call 09/29/25)		8,945		8,744,653
4.25%, 04/30/25 (Call 03/31/25)		3,757		3,706,247
4.93%, 05/10/28 (Call 05/10/27), (1-day SOFR + 2.057%)(c)		10,178		9,958,288
4.99%, 07/24/26 (Call 07/24/25), (1-day SOFR + 2.160%)(c)		7,960		7,887,306
5.47%, 02/01/29 (Call 02/01/28), (1-day SOFR + 2.080%)(c)		8,090		8,045,265
5.70%, 02/01/30 (Call 02/01/29), (1-day SOFR + 1.905%)(a)(c)		1,620		1,623,642
6.31%, 06/08/29 (Call 06/08/28), (1-day SOFR + 2.640%)(a)(c)		12,910		13,215,100
7.15%, 10/29/27 (Call 10/29/26), (1-day SOFR + 2.440%)(a)(c)		3,850		3,990,728
Cboe Global Markets Inc., 3.65%, 01/12/27 (Call 10/12/26)		4,452		4,311,174
Charles Schwab Corp. (The)
0.90%, 03/11/26 (Call 02/11/26)(a)		8,132		7,458,619
1.15%, 05/13/26 (Call 04/13/26)(a)		6,459		5,925,196
2.00%, 03/20/28 (Call 01/20/28)(a)		9,655		8,564,388
2.45%, 03/03/27 (Call 02/03/27)(a)		10,083		9,346,259
3.00%, 03/10/25 (Call 12/10/24)(a)		2,030		1,982,003
3.20%, 03/02/27 (Call 12/02/26)		4,057		3,850,377
3.20%, 01/25/28 (Call 10/25/27)(a)		2,982		2,792,819
3.30%, 04/01/27 (Call 01/01/27)		5,077		4,822,741
3.45%, 02/13/26 (Call 11/13/25)(a)		2,138		2,068,994
3.63%, 04/01/25 (Call 01/01/25)		2,413		2,367,110
3.85%, 05/21/25 (Call 03/21/25)		4,376		4,293,991
4.00%, 02/01/29 (Call 11/01/28)(a)		50		48,023
4.20%, 03/24/25 (Call 02/24/25)		3,472		3,429,801
5.64%, 05/19/29 (Call 05/19/28), (1-day SOFR + 2.210%)(a)(c)		9,199		9,315,216
5.88%, 08/24/26 (Call 07/24/26)		6,440		6,539,430
6.20%, 11/17/29 (Call 11/17/28), (1-day SOFR + 1.878%)(c)		9,350		9,653,732
China Cinda Finance 2015 I Ltd., 4.25%, 04/23/25(b)		13,770		13,514,842
Citadel Finance LLC, 3.38%, 03/09/26 (Call 02/09/26)(b)		3,512		3,285,940
Citadel LP, 4.88%, 01/15/27 (Call 11/15/26)(a)(b)		3,611		3,506,019
CME Group Inc.
3.00%, 03/15/25 (Call 12/15/24)(a)		1,108		1,082,639
3.75%, 06/15/28 (Call 03/15/28)		5,272		5,091,115
DAE Sukuk Difc Ltd., 3.75%, 02/15/26(a)(b)		5,131		4,930,542
Discover Financial Services
3.75%, 03/04/25 (Call 12/04/24)(a)		592		580,757

Security	Par (000)		Value
Diversified Financial Services (continued)
4.10%, 02/09/27 (Call 11/09/26)	$	5,342	$	5,123,469
4.50%, 01/30/26 (Call 11/30/25)(a)		2,254		2,218,006
Drawbridge Special Opportunities Fund LP/Drawbridge Special Opportunities Fin, 3.88%, 02/15/26 (Call 12/15/25)(b)		2,762		2,561,553
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		2,488		2,369,820
Enact Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)(a)(b)		1,215		1,215,049
Franklin Resources Inc., 2.85%, 03/30/25(a)		1,709		1,665,064
HPS Corporate Lending Fund, 6.75%, 01/30/29 (Call 12/30/28)(b)		1,900		1,880,912
ICBCIL Finance Co. Ltd., 3.63%, 05/19/26(a)(b)		775		747,053
Intercorp Financial Services Inc., 4.13%, 10/19/27 (Call 07/19/27)(b)		110		102,369
Invesco Finance PLC, 3.75%, 01/15/26(a)		3,180		3,090,535
Janus Henderson U.S. Holdings Inc., 4.88%, 08/01/25 (Call 05/01/25)(a)		1,211		1,197,295
Jefferies Financial Group Inc.
4.85%, 01/15/27(a)		5,312		5,275,459
5.88%, 07/21/28 (Call 06/21/28)(a)		11,165		11,384,130
6.45%, 06/08/27		2,692		2,774,330
Lazard Group LLC
3.63%, 03/01/27 (Call 12/01/26)(a)		2,058		1,949,510
4.50%, 09/19/28 (Call 06/19/28)		5,395		5,170,070
Legg Mason Inc., 4.75%, 03/15/26(a)		3,440		3,418,890
LPL Holdings Inc.
4.63%, 11/15/27 (Call 03/05/24)(a)(b)		2,220		2,128,806
6.75%, 11/17/28 (Call 10/17/28)(a)		2,180		2,275,509
LSEGA Financing PLC
1.38%, 04/06/26 (Call 03/06/26)(b)		6,754		6,231,845
2.00%, 04/06/28 (Call 02/06/28)(b)		1,185		1,054,112
Mastercard Inc.
2.95%, 11/21/26 (Call 08/21/26)		5,263		5,021,314
3.30%, 03/26/27 (Call 01/26/27)		7,710		7,396,151
3.50%, 02/26/28 (Call 11/26/27)(a)		3,845		3,698,464
4.88%, 03/09/28 (Call 02/09/28)(a)		5,600		5,662,582
Mitsubishi HC Capital Inc.
3.64%, 04/13/25 (Call 03/13/25)(a)(b)		4,610		4,510,276
5.08%, 09/15/27 (Call 08/15/27)(b)		2,460		2,435,189
Mitsubishi HC Finance America LLC, 5.81%, 09/12/28 (Call 08/12/28)(a)(b)		2,615		2,659,111
Nasdaq Inc.
3.85%, 06/30/26 (Call 03/30/26)(a)		3,438		3,338,653
5.35%, 06/28/28 (Call 05/28/28)		8,650		8,736,746
5.65%, 06/28/25		2,637		2,645,747
Neuberger Berman Group LLC/Neuberger Berman Finance Corp., 4.50%, 03/15/27 (Call 12/15/26)(a)(b)		2,327		2,232,270
Nomura Holdings Inc.
1.65%, 07/14/26		8,090		7,404,791
1.85%, 07/16/25(a)		9,678		9,191,288
2.17%, 07/14/28(a)		8,265		7,199,224
2.33%, 01/22/27		7,754		7,113,136
2.71%, 01/22/29		2,990		2,636,301
5.10%, 07/03/25		4,130		4,089,889
5.39%, 07/06/27		3,385		3,378,426
5.71%, 01/09/26(a)		4,000		4,008,287
5.84%, 01/18/28(a)		3,735		3,781,635
6.07%, 07/12/28		6,160		6,309,512

154 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
Nuveen LLC, 4.00%, 11/01/28 (Call 08/01/28)(a)(b)	$	1,340	$	1,295,093
ORIX Corp.
3.70%, 07/18/27		630		602,367
5.00%, 09/13/27(a)		8,329		8,320,368
Power Finance Corp. Ltd., 6.15%, 12/06/28(b)		280		286,915
Radian Group Inc.
4.88%, 03/15/27 (Call 09/15/26)(a)		3,824		3,709,613
6.20%, 05/15/29 (Call 02/15/29)		3,075		3,083,827
6.63%, 03/15/25 (Call 09/15/24)(a)		4,166		4,174,091
REC Ltd., 5.63%, 04/11/28(a)(b)		3,245		3,251,640
SURA Asset Management SA, 4.38%, 04/11/27(b)		35		33,558
Synchrony Financial
3.70%, 08/04/26 (Call 05/04/26)(a)		937		884,390
3.95%, 12/01/27 (Call 09/01/27)		4,790		4,437,018
4.50%, 07/23/25 (Call 04/23/25)		4,694		4,588,116
4.88%, 06/13/25 (Call 05/13/25)		2,462		2,422,802
USAA Capital Corp., 3.38%, 05/01/25(b)		4,403		4,299,718
Visa Inc.
0.75%, 08/15/27 (Call 06/15/27)(a)		3,857		3,387,761
1.90%, 04/15/27 (Call 02/15/27)(a)		10,066		9,274,445
2.75%, 09/15/27 (Call 06/15/27)		4,891		4,582,694
3.15%, 12/14/25 (Call 09/14/25)		25,594		24,813,786
Voya Financial Inc.
3.65%, 06/15/26		4,270		4,097,726
4.70%, 01/23/48 (Call 01/23/28), (3-mo. LIBOR US + 2.084%)(c)		2,298		1,928,533
Western Union Co. (The), 1.35%, 03/15/26 (Call 02/15/26)		4,390		4,043,671
				971,905,675
Electric — 5.9%
Abu Dhabi National Energy Co. PJSC
2.00%, 04/29/28 (Call 01/29/28)(b)		3,000		2,662,302
4.38%, 04/23/25(b)		9,358		9,241,025
4.38%, 06/22/26(b)		5,900		5,792,809
Adani Transmission Step-One Ltd., 4.00%, 08/03/26(b)		3,380		3,169,426
AEP Texas Inc.
3.85%, 10/01/25 (Call 07/01/25)(b)		2,120		2,051,956
3.95%, 06/01/28 (Call 03/01/28)		4,520		4,324,174
AEP Transmission Co. LLC, 3.10%, 12/01/26 (Call 09/01/26)		3,126		2,977,218
AES Corp. (The)
1.38%, 01/15/26 (Call 12/15/25)		8,981		8,296,405
3.30%, 07/15/25 (Call 06/15/25)(a)(b)		6,381		6,152,635
5.45%, 06/01/28 (Call 05/01/28)		8,035		8,010,364
Alabama Power Co.
2.80%, 04/01/25 (Call 01/01/25)(a)		650		632,033
3.75%, 09/01/27 (Call 08/01/27)		4,145		3,983,982
Alexander Funding Trust II, 7.47%, 07/31/28 (Call 06/30/28)(a)(b)		3,115		3,260,217
Alliant Energy Finance LLC, 4.25%, 06/15/28 (Call 03/15/28)(a)(b)		795		764,673
Ameren Corp.
1.75%, 03/15/28 (Call 01/15/28)		1,170		1,028,821
1.95%, 03/15/27 (Call 02/15/27)(a)		3,756		3,432,247
3.65%, 02/15/26 (Call 11/15/25)		2,618		2,531,285
5.00%, 01/15/29 (Call 12/15/28)		4,325		4,288,253
5.70%, 12/01/26 (Call 11/01/26)		4,660		4,713,083

Security	Par (000)		Value
Electric (continued)
Ameren Illinois Co., 3.80%, 05/15/28 (Call 02/15/28)	$	845	$	815,049
American Electric Power Co. Inc.
3.20%, 11/13/27 (Call 08/13/27)(a)		3,745		3,503,771
3.88%, 02/15/62 (Call 11/15/26), (5-year CMT + 2.675%)(a)(c)		4,705		4,185,262
5.20%, 01/15/29 (Call 12/15/28)		5,410		5,402,575
5.70%, 08/15/25		3,695		3,699,758
5.75%, 11/01/27 (Call 10/01/27)		3,746		3,822,890
Series J, 4.30%, 12/01/28 (Call 09/01/28)		3,190		3,072,337
Series N, 1.00%, 11/01/25 (Call 10/01/25)		3,546		3,295,695
Appalachian Power Co.
3.40%, 06/01/25 (Call 03/01/25)		3,485		3,400,273
Series X, 3.30%, 06/01/27 (Call 03/01/27)		2,025		1,903,416
Arizona Public Service Co.
2.55%, 09/15/26 (Call 06/15/26)(a)		978		913,179
2.95%, 09/15/27 (Call 06/15/27)(a)		1,381		1,292,224
3.15%, 05/15/25 (Call 02/15/25)(a)		1,511		1,469,308
Atlantic City Electric Co., 4.00%, 10/15/28 (Call 07/15/28)		2,905		2,798,517
Ausgrid Finance Pty Ltd., 4.35%, 08/01/28 (Call 05/01/28)(a)(b)		205		195,886
Avangrid Inc., 3.20%, 04/15/25 (Call 03/15/25)		11,443		11,130,951
Baltimore Gas & Electric Co., 2.40%, 08/15/26 (Call 05/15/26)(a)		2,266		2,134,987
Berkshire Hathaway Energy Co.
3.25%, 04/15/28 (Call 01/15/28)(a)		1,348		1,262,592
4.05%, 04/15/25 (Call 03/15/25)		7,780		7,669,133
Black Hills Corp.
3.15%, 01/15/27 (Call 07/15/26)(a)		3,431		3,246,750
3.95%, 01/15/26 (Call 07/15/25)		2,553		2,477,333
5.95%, 03/15/28 (Call 02/15/28)(a)		3,218		3,309,778
CenterPoint Energy Houston Electric LLC
5.20%, 10/01/28 (Call 09/01/28)(a)		3,800		3,833,111
Series AA, 3.00%, 02/01/27 (Call 11/01/26)		1,630		1,545,901
Series Z, 2.40%, 09/01/26 (Call 06/01/26)(a)		2,406		2,266,890
CenterPoint Energy Inc.
1.45%, 06/01/26 (Call 05/01/26)(a)		3,635		3,348,247
5.25%, 08/10/26		2,780		2,780,807
Cleco Corporate Holdings LLC, 3.74%,
05/01/26 (Call 02/01/26)(a)		4,331		4,160,814
Cleveland Electric Illuminating Co. (The), 3.50%, 04/01/28 (Call 01/01/28)(a)(b)		500		465,631
CMS Energy Corp.
2.95%, 02/15/27 (Call 11/15/26)		2,040		1,893,986
3.00%, 05/15/26 (Call 02/15/26)(a)		2,550		2,422,595
3.45%, 08/15/27 (Call 05/15/27)(a)		2,697		2,554,998
3.60%, 11/15/25 (Call 08/15/25)(a)		2,296		2,219,361
Colbun SA, 3.95%, 10/11/27 (Call 07/11/27)(b)		2,235		2,129,614
Comision Federal de Electricidad, 4.75%, 02/23/27(b)		2,515		2,457,371
Commonwealth Edison Co.
2.55%, 06/15/26 (Call 03/15/26)		3,664		3,466,922
3.70%, 08/15/28 (Call 05/15/28)(a)		2,505		2,386,572
Series 122, 2.95%, 08/15/27 (Call 05/15/27)(a)		2,398		2,247,215
Connecticut Light & Power Co. (The)
Series A, 0.75%, 12/01/25 (Call 11/01/25)		2,754		2,551,336
Series A, 3.20%, 03/15/27 (Call 12/15/26)(a)		4,111		3,911,621
Connecticut Light and Power Co. (The), 4.65%, 01/01/29 (Call 12/01/28)		2,870		2,820,954

S C H E D U L E  O F  I N V E S T M E N T S 155

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Consolidated Edison Co. of New York Inc.
3.80%, 05/15/28 (Call 02/15/28)(a)	$	755	$	717,394
Series B, 2.90%, 12/01/26 (Call 09/01/26)(a)		2,415		2,265,294
Series B, 3.13%, 11/15/27 (Call 08/15/27)		1,985		1,867,440
Series D, 4.00%, 12/01/28 (Call 09/01/28)(a)		1,750		1,688,830
Constellation Energy Generation LLC
3.25%, 06/01/25 (Call 05/01/25)(a)		6,215		6,036,512
5.60%, 03/01/28 (Call 02/01/28)		5,720		5,795,917
Consumers Energy Co.
3.80%, 11/15/28 (Call 08/15/28)(a)		1,478		1,415,188
4.65%, 03/01/28 (Call 01/01/28)(a)		2,900		2,883,156
4.90%, 02/15/29 (Call 12/15/28)		1,850		1,845,238
Dominion Energy Inc.
3.90%, 10/01/25 (Call 07/01/25)		5,040		4,922,035
4.25%, 06/01/28 (Call 03/01/28)		4,749		4,582,608
Series A, 1.45%, 04/15/26 (Call 03/15/26)		3,897		3,599,940
Series A, 3.30%, 03/15/25 (Call 02/15/25)(a)		2,725		2,663,054
Series B, 3.60%, 03/15/27 (Call 01/15/27)		2,583		2,470,939
Series D, 2.85%, 08/15/26 (Call 05/15/26)(a)		2,986		2,820,665
DTE Electric Co.
4.85%, 12/01/26		960		958,263
Series A, 1.90%, 04/01/28 (Call 02/01/28)		535		476,638
DTE Energy Co.
2.85%, 10/01/26 (Call 07/01/26)		4,913		4,627,080
4.88%, 06/01/28 (Call 05/01/28)		6,715		6,619,442
5.10%, 03/01/29 (Call 02/01/29)(a)		5,000		4,957,823
Series F, 1.05%, 06/01/25 (Call 05/01/25)(a)		5,580		5,283,571
Duke Energy Carolinas LLC
2.95%, 12/01/26 (Call 09/01/26)		4,714		4,493,129
3.95%, 11/15/28 (Call 08/15/28)(a)		4,605		4,436,125
Series A, 6.00%, 12/01/28(a)		1,921		2,004,737
Duke Energy Corp.
0.90%, 09/15/25 (Call 08/15/25)(a)		4,115		3,849,480
2.65%, 09/01/26 (Call 06/01/26)		10,184		9,580,637
3.15%, 08/15/27 (Call 05/15/27)(a)		4,430		4,153,039
3.25%, 01/15/82 (Call 01/15/27), (5-year CMT + 2.321%)(a)(c)		3,183		2,684,431
4.30%, 03/15/28 (Call 02/15/28)(a)		9,146		8,885,676
4.85%, 01/05/27		2,525		2,506,069
4.85%, 01/05/29 (Call 12/05/28)		4,060		3,991,008
5.00%, 12/08/25(a)		3,300		3,288,792
5.00%, 12/08/27 (Call 11/08/27)		4,555		4,523,971
Duke Energy Florida LLC
3.20%, 01/15/27 (Call 10/15/26)(a)		2,372		2,264,780
3.80%, 07/15/28 (Call 04/15/28)(a)		1,993		1,913,477
Duke Energy Ohio Inc., 3.65%, 02/01/29 (Call 11/01/28)		1,626		1,535,913
Duke Energy Progress LLC
3.25%, 08/15/25 (Call 05/15/25)(a)		3,434		3,348,904
3.70%, 09/01/28 (Call 06/01/28)		530		505,465
Duquesne Light Holdings Inc., 3.62%, 08/01/27 (Call 05/01/27)(a)(b)		2,095		1,950,244
Edison International
4.13%, 03/15/28 (Call 12/15/27)(a)		6,205		5,929,620
4.70%, 08/15/25		2,397		2,363,357
4.95%, 04/15/25 (Call 03/15/25)		2,582		2,559,439
5.25%, 11/15/28 (Call 10/15/28)(a)		5,045		5,016,240
5.75%, 06/15/27 (Call 04/15/27)		4,309		4,349,166
EDP Finance BV, 1.71%, 01/24/28(b)		6,055		5,324,618
Electricite de France SA
3.63%, 10/13/25 (Call 07/13/25)(a)(b)		12,004		11,698,157

Security	Par (000)		Value
Electric (continued)
4.50%, 09/21/28 (Call 06/21/28)(b)	$	6,000	$	5,814,237
5.70%, 05/23/28 (Call 04/23/28)(a)(b)		10,120		10,302,455
Emera U.S. Finance LP, 3.55%, 06/15/26 (Call 03/15/26)		5,722		5,487,410
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		3,784		3,638,354
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28)		4,840		4,708,529
Enel Finance America LLC, 7.10%, 10/14/27 (Call 09/14/27)(b)		6,940		7,302,516
Enel Finance International NV
1.38%, 07/12/26 (Call 06/12/26)(b)		8,616		7,850,258
1.88%, 07/12/28 (Call 05/12/28)(a)(b)		2,500		2,166,995
3.50%, 04/06/28(a)(b)		8,940		8,333,934
3.63%, 05/25/27(a)(b)		5,430		5,161,085
4.25%, 06/15/25(a)(b)		4,885		4,800,659
4.63%, 06/15/27 (Call 05/15/27)(a)(b)		5,635		5,524,508
6.80%, 10/14/25(a)(b)		5,250		5,352,096
Entergy Arkansas LLC
3.50%, 04/01/26 (Call 01/01/26)(a)		4,251		4,123,511
4.00%, 06/01/28 (Call 03/01/28)(a)		720		692,655
Entergy Corp.
0.90%, 09/15/25 (Call 08/15/25)(a)		5,409		5,055,685
1.90%, 06/15/28 (Call 04/15/28)(a)		5,185		4,556,237
2.95%, 09/01/26 (Call 06/01/26)		4,678		4,439,443
Entergy Louisiana LLC
2.40%, 10/01/26 (Call 07/01/26)		2,848		2,660,056
3.12%, 09/01/27 (Call 06/01/27)		1,918		1,805,835
3.25%, 04/01/28 (Call 01/01/28)(a)		3,377		3,165,398
4.44%, 01/15/26 (Call 10/15/25)		440		434,472
Entergy Mississippi LLC, 2.85%, 06/01/28 (Call 03/01/28)		935		855,913
Evergy Kansas Central Inc.
2.55%, 07/01/26 (Call 04/01/26)(a)		4,770		4,493,356
3.10%, 04/01/27 (Call 01/01/27)(a)		1,650		1,555,192
3.25%, 12/01/25 (Call 09/01/25)(a)		1,518		1,464,892
Evergy Metro Inc., 3.65%, 08/15/25 (Call 05/15/25)		1,763		1,720,055
Evergy Missouri West Inc., 5.15%, 12/15/27 (Call 11/15/27)(a)(b)		1,973		1,965,337
Eversource Energy
2.90%, 03/01/27 (Call 02/01/27)		4,975		4,652,324
3.35%, 03/15/26 (Call 12/15/25)		1,843		1,770,102
4.60%, 07/01/27 (Call 06/01/27)(a)		4,751		4,641,620
4.75%, 05/15/26		3,305		3,263,172
5.00%, 01/01/27		2,225		2,210,457
5.45%, 03/01/28 (Call 02/01/28)(a)		11,770		11,831,089
5.95%, 02/01/29 (Call 01/01/29)(a)		4,590		4,700,500
Series M, 3.30%, 01/15/28 (Call 10/15/27)		410		381,858
Series Q, 0.80%, 08/15/25 (Call 07/15/25)		2,353		2,197,521
Series U, 1.40%, 08/15/26 (Call 07/15/26)		1,807		1,643,162
Exelon Corp.
2.75%, 03/15/27 (Call 02/15/27)		5,160		4,799,973
3.40%, 04/15/26 (Call 01/15/26)		4,999		4,813,083
3.95%, 06/15/25 (Call 03/15/25)		5,586		5,481,616
5.15%, 03/15/28 (Call 02/15/28)		13,055		13,019,479
5.15%, 03/15/29 (Call 02/15/29)		940		935,976
Fells Point Funding Trust, 3.05%, 01/31/27 (Call 12/31/26)(a)(b)		6,954		6,506,847
FirstEnergy Transmission LLC, 2.87%, 09/15/28 (Call 07/15/28)(a)(b)		50		45,168

156 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Florida Power & Light Co.
2.85%, 04/01/25 (Call 03/01/25)	$	10,362	$	10,103,921
3.13%, 12/01/25 (Call 06/01/25)		5,441		5,280,700
4.40%, 05/15/28 (Call 03/15/28)(a)		11,674		11,462,113
4.45%, 05/15/26 (Call 04/15/26)		3,835		3,800,932
5.05%, 04/01/28 (Call 03/01/28)		11,294		11,378,628
Series A, 3.30%, 05/30/27 (Call 02/28/27)		2,388		2,265,540
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26)		7,573		7,153,600
Georgia Power Co.
3.25%, 04/01/26 (Call 01/01/26)(a)		1,914		1,838,986
3.25%, 03/30/27 (Call 12/30/26)(a)		2,870		2,711,663
4.65%, 05/16/28 (Call 03/16/28)		5,135		5,060,734
5.00%, 02/23/27 (Call 01/23/27)		965		963,183
Iberdrola International BV, 5.81%, 03/15/25		1,975		1,981,447
Indiana Michigan Power Co., 3.85%, 05/15/28 (Call 02/15/28)(a)		2,490		2,373,984
Interstate Power & Light Co.
3.40%, 08/15/25 (Call 05/15/25)(a)		794		770,053
4.10%, 09/26/28 (Call 06/26/28)(a)		3,760		3,601,530
ITC Holdings Corp.
3.25%, 06/30/26 (Call 03/30/26)(a)		3,644		3,479,904
3.35%, 11/15/27 (Call 08/15/27)		3,345		3,136,771
4.95%, 09/22/27 (Call 08/22/27)(b)		6,607		6,563,830
Jersey Central Power & Light Co., 4.30%, 01/15/26 (Call 10/15/25)(a)(b)		4,565		4,455,711
Kallpa Generacion SA
4.13%, 08/16/27 (Call 05/16/27)(b)		3,600		3,397,433
4.88%, 05/24/26 (Call 02/24/26)(b)		375		366,094
Kentucky Utilities Co., 3.30%, 10/01/25 (Call 07/01/25)		2,283		2,204,828
Korea East-West Power Co. Ltd.
1.75%, 05/06/25(a)(b)		8,049		7,712,320
3.60%, 05/06/25(b)		270		264,270
Korea Southern Power Co. Ltd., 0.75%, 01/27/26(b)		1,830		1,679,066
Liberty Utilities Co., 5.58%, 01/31/29 (Call 12/31/28)(a)(b)		1,650		1,653,871
Louisville Gas & Electric Co., Series 25, 3.30%, 10/01/25 (Call 07/01/25)		1,075		1,043,310
Metropolitan Edison Co.
4.00%, 04/15/25(a)(b)		1,041		1,018,942
4.30%, 01/15/29 (Call 10/15/28)(a)(b)		2,535		2,436,104
5.20%, 04/01/28 (Call 03/01/28)(a)(b)		4,515		4,505,812
MidAmerican Energy Co., 3.10%, 05/01/27 (Call 02/01/27)		5,050		4,775,962
Mid-Atlantic Interstate Transmission LLC,
4.10%, 05/15/28 (Call 02/15/28)(a)(b)		5,465		5,233,834
Mississippi Power Co., 3.95%, 03/30/28 (Call 12/30/27)(a)		1,105		1,058,260
Monongahela Power Co., 3.55%, 05/15/27 (Call 02/15/27)(a)(b)		3,377		3,202,559
Narragansett Electric Co. (The), 3.92%, 08/01/28 (Call 05/01/28)(a)(b)		390		374,512
National Grid PLC, 5.60%, 06/12/28 (Call 05/12/28)		6,435		6,515,076
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26 (Call 05/15/26)(a)		4,721		4,308,752
3.05%, 04/25/27 (Call 01/25/27)		2,820		2,680,172
3.25%, 11/01/25 (Call 08/01/25)		2,847		2,760,128

Security	Par (000)		Value
Electric (continued)
3.40%, 02/07/28 (Call 11/07/27)	$	4,935	$	4,668,330
3.45%, 06/15/25(a)		2,198		2,147,905
3.90%, 11/01/28 (Call 08/01/28)(a)		1,065		1,022,792
4.45%, 03/13/26 (Call 02/13/26)		4,305		4,251,439
4.80%, 02/05/27 (Call 01/05/27)(a)		3,765		3,746,235
4.80%, 03/15/28 (Call 02/15/28)		4,368		4,347,858
4.85%, 02/07/29 (Call 01/07/29)		2,800		2,774,335
5.05%, 09/15/28 (Call 08/15/28)		4,475		4,488,522
5.25%, 04/20/46 (Call 04/20/26), (3-mo. LIBOR US + 3.630%)(c)		65		62,950
5.45%, 10/30/25		3,180		3,190,380
5.60%, 11/13/26 (Call 10/13/26)(a)		2,010		2,036,802
7.13%, 09/15/53 (Call 06/15/28), (5-year CMT + 3.533%)(c)		180		186,099
New York State Electric & Gas Corp.
3.25%, 12/01/26 (Call 09/01/26)(a)(b)		1,675		1,577,905
5.65%, 08/15/28 (Call 07/15/28)(a)(b)		1,000		1,022,109
NextEra Energy Capital Holdings Inc.
1.88%, 01/15/27 (Call 12/15/26)		6,737		6,147,110
1.90%, 06/15/28 (Call 04/15/28)		6,430		5,627,871
3.55%, 05/01/27 (Call 02/01/27)		10,215		9,721,006
3.80%, 03/15/82 (Call 03/15/27), (5-year CMT + 2.547%)(a)(c)		2,565		2,272,871
4.45%, 06/20/25		8,775		8,656,738
4.63%, 07/15/27 (Call 06/15/27)		8,513		8,376,393
4.80%, 12/01/77 (Call 12/01/27), (3-mo. LIBOR US + 2.409%)(a)(c)		3,140		2,845,725
4.90%, 02/28/28 (Call 01/28/28)(a)		14,885		14,759,537
4.90%, 03/15/29 (Call 02/15/29)		5,750		5,678,456
4.95%, 01/29/26		5,850		5,804,329
5.75%, 09/01/25		4,425		4,448,636
6.05%, 03/01/25(a)		9,620		9,654,597
Niagara Mohawk Power Corp., 4.28%, 12/15/28 (Call 09/15/28)(a)(b)		1,275		1,211,361
NRG Energy Inc.
2.00%, 12/02/25 (Call 11/02/25)(a)(b)		3,688		3,455,382
2.45%, 12/02/27 (Call 10/02/27)(b)		6,505		5,809,922
NSTAR Electric Co.
2.70%, 06/01/26 (Call 03/01/26)(a)		993		938,157
3.20%, 05/15/27 (Call 02/15/27)		3,151		3,003,514
3.25%, 11/15/25 (Call 08/15/25)		1,380		1,332,457
Oklahoma Gas & Electric Co., 3.80%, 08/15/28 (Call 02/15/28)(a)		3,215		3,080,343
Oncor Electric Delivery Co. LLC
0.55%, 10/01/25 (Call 09/01/25)		3,350		3,114,811
2.95%, 04/01/25 (Call 01/01/25)		2,397		2,337,769
3.70%, 11/15/28 (Call 08/15/28)		3,385		3,207,264
4.30%, 05/15/28 (Call 04/15/28)		1,220		1,187,874
Pacific Gas and Electric Co.
2.10%, 08/01/27 (Call 06/01/27)(a)		6,678		5,980,550
2.95%, 03/01/26 (Call 12/01/25)		4,554		4,321,766
3.00%, 06/15/28 (Call 04/15/28)(a)		5,636		5,117,322
3.15%, 01/01/26		12,903		12,334,259
3.30%, 03/15/27 (Call 12/15/26)		2,805		2,628,939
3.30%, 12/01/27 (Call 09/01/27)		7,540		6,976,766
3.45%, 07/01/25		5,864		5,695,390
3.50%, 06/15/25 (Call 03/15/25)		4,254		4,127,169
3.75%, 07/01/28		5,785		5,385,395
4.65%, 08/01/28 (Call 05/01/28)		2,050		1,960,105
4.95%, 06/08/25		2,257		2,235,424
5.45%, 06/15/27 (Call 05/15/27)		2,902		2,897,399

S C H E D U L E  O F  I N V E S T M E N T S 157

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.55%, 05/15/29 (Call 04/15/29)	$	4,350	$	4,358,979
6.10%, 01/15/29 (Call 12/15/28)		1,235		1,264,224
PacifiCorp
3.35%, 07/01/25 (Call 04/01/25)(a)		1,800		1,752,617
5.10%, 02/15/29 (Call 01/15/29)		3,325		3,313,896
Palomino Funding Trust I, 7.23%, 05/17/28 (Call 04/17/28)(a)(b)		3,050		3,178,409
PECO Energy Co., 3.15%, 10/15/25 (Call 07/15/25)(a)		2,146		2,085,322
Pennsylvania Electric Co.
3.25%, 03/15/28 (Call 12/15/27)(a)(b)		1,875		1,730,617
Series 144A, 5.15%, 03/30/26(a)(b)		2,115		2,095,505
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
4.13%, 05/15/27(b)		11,940		11,417,625
5.45%, 05/21/28(a)(b)		8,045		7,995,656
Pinnacle West Capital Corp., 1.30%, 06/15/25 (Call 05/15/25)(a)		4,044		3,838,416
PPL Capital Funding Inc., 3.10%, 05/15/26 (Call 02/15/26)		5,283		5,036,312
Public Service Co. of Colorado
2.90%, 05/15/25 (Call 11/15/24)		1,905		1,846,765
3.70%, 06/15/28 (Call 12/15/27)		700		667,409
Public Service Co. of New Mexico, 3.85%, 08/01/25 (Call 05/01/25)(a)		2,155		2,094,023
Public Service Electric & Gas Co.
0.95%, 03/15/26 (Call 02/15/26)(a)		3,478		3,217,580
2.25%, 09/15/26 (Call 06/15/26)		3,233		3,030,436
3.00%, 05/15/25 (Call 02/15/25)(a)		2,038		1,986,155
3.00%, 05/15/27 (Call 02/15/27)		3,339		3,155,190
3.65%, 09/01/28 (Call 06/01/28)(a)		420		400,141
3.70%, 05/01/28 (Call 02/01/28)		400		382,603
Public Service Enterprise Group Inc.
0.80%, 08/15/25 (Call 07/15/25)		4,321		4,045,408
5.85%, 11/15/27 (Call 10/15/27)(a)		4,685		4,800,546
5.88%, 10/15/28 (Call 09/15/28)		5,875		6,030,465
Puget Energy Inc.
2.38%, 06/15/28 (Call 04/15/28)(a)		4,320		3,837,893
3.65%, 05/15/25 (Call 02/15/25)		3,022		2,943,965
Puget Sound Energy Inc., 7.02%, 12/01/27(a)		1,120		1,175,532
Rochester Gas and Electric Corp., 3.10%, 06/01/27 (Call 03/01/27)(a)(b)		2,500		2,343,630
San Diego Gas & Electric Co.
2.50%, 05/15/26 (Call 02/15/26)		3,830		3,632,064
4.95%, 08/15/28 (Call 07/15/28)(a)		5,495		5,493,710
6.00%, 06/01/26(a)		2,085		2,122,851
Sempra
3.25%, 06/15/27 (Call 03/15/27)		4,398		4,138,158
3.30%, 04/01/25 (Call 03/01/25)		2,140		2,089,277
3.40%, 02/01/28 (Call 11/01/27)		6,060		5,698,779
4.13%, 04/01/52 (Call 01/01/27), (5-year CMT + 2.868%)(c)		7,658		7,025,985
5.40%, 08/01/26 (Call 07/01/26)		5,070		5,082,683
Sierra Pacific Power Co., 2.60%, 05/01/26 (Call 02/01/26)		3,741		3,544,076
Southern California Edison Co.
4.88%, 02/01/27 (Call 01/01/27)		3,430		3,411,018
4.90%, 06/01/26 (Call 05/01/26)		2,960		2,939,429
5.30%, 03/01/28 (Call 02/01/28)		2,260		2,281,496
5.35%, 03/01/26		3,075		3,077,476
5.65%, 10/01/28 (Call 09/01/28)		6,920		7,086,171

Security	Par (000)		Value
Electric (continued)
5.85%, 11/01/27 (Call 10/01/27)	$	5,170	$	5,293,686
Series 2020-C, 1.20%, 02/01/26 (Call 01/01/26)(a)		2,494		2,312,763
Series B, 3.65%, 03/01/28 (Call 12/01/27)		35		33,158
Series C, 4.20%, 06/01/25(a)		2,145		2,113,840
Series D, 4.70%, 06/01/27 (Call 05/01/27)(a)		4,560		4,510,152
Series E, 3.70%, 08/01/25 (Call 06/01/25)		6,005		5,865,793
Southern Co. (The)
3.25%, 07/01/26 (Call 04/01/26)		11,522		11,018,370
4.85%, 06/15/28 (Call 04/15/28)		5,170		5,122,877
5.11%, 08/01/27		5,728		5,713,608
5.15%, 10/06/25		3,210		3,205,604
5.50%, 03/15/29 (Call 01/15/29)		2,325		2,358,066
Series 21-A, 3.75%, 09/15/51 (Call 06/15/26), (5-year CMT + 2.915%)(c)		6,200		5,814,715
Series 21-B, 1.75%, 03/15/28 (Call 01/15/28)		3,445		3,029,902
Series B, 4.00%, 01/15/51 (Call 10/15/25), (5-year CMT + 3.733%)(a)(c)		7,920		7,605,663
Southern Power Co.
0.90%, 01/15/26 (Call 12/15/25)		4,738		4,362,368
4.15%, 12/01/25 (Call 09/01/25)(a)		5,163		5,075,045
Southwestern Electric Power Co.
Series K, 2.75%, 10/01/26 (Call 07/01/26)(a)		3,053		2,866,136
Series M, 4.10%, 09/15/28 (Call 06/15/28)(a)		1,375		1,317,816
Series N, 1.65%, 03/15/26 (Call 02/15/26)(a)		3,243		3,017,217
SP Group Treasury Pte. Ltd., 3.38%, 02/27/29 (Call 11/27/28)(b)		25		23,282
SP PowerAssets Ltd.
3.00%, 09/26/27(b)		55		51,613
3.25%, 11/24/25(a)(b)		2,088		2,022,430
State Grid Overseas Investment BVI Ltd.
3.50%, 05/04/27(a)(b)		15,364		14,751,035
4.25%, 05/02/28(a)(b)		4,155		4,088,165
System Energy Resources Inc., 6.00%, 04/15/28 (Call 03/15/28)		3,234		3,271,672
Tampa Electric Co., 4.90%, 03/01/29 (Call 02/01/29)		2,120		2,108,748
Three Gorges Finance I Cayman Islands Ltd.
1.30%, 09/22/25 (Call 08/22/25)(b)		9,005		8,476,156
3.15%, 06/02/26(a)(b)		5,305		5,084,626
3.70%, 06/10/25(b)		1,574		1,542,866
Trans-Allegheny Interstate Line Co., 3.85%, 06/01/25 (Call 03/01/25)(a)(b)		3,783		3,702,563
Union Electric Co., 2.95%, 06/15/27 (Call 03/15/27)		3,046		2,857,137
Virginia Electric & Power Co.
Series A, 3.10%, 05/15/25 (Call 02/15/25)		2,323		2,258,907
Series A, 3.15%, 01/15/26 (Call 10/15/25)		4,860		4,693,267
Series A, 3.50%, 03/15/27 (Call 12/15/26)		5,218		4,996,741
Series A, 3.80%, 04/01/28 (Call 01/01/28)		4,360		4,181,367
Series B, 2.95%, 11/15/26 (Call 08/15/26)		2,849		2,699,961
Series B, 3.75%, 05/15/27 (Call 04/15/27)		4,359		4,192,459
Vistra Operations Co. LLC		5,532		5,232,486
3.70%, 01/30/27 (Call 11/30/26)(a)(b)
5.13%, 05/13/25(b)		5,427		5,382,269
WEC Energy Group Inc.
1.38%, 10/15/27 (Call 08/15/27)		3,568		3,138,630
2.20%, 12/15/28 (Call 10/15/28)(a)		3,390		2,978,275
4.75%, 01/09/26 (Call 12/09/25)		6,290		6,228,724
4.75%, 01/15/28 (Call 12/15/27)(a)		3,310		3,271,592

158 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.00%, 09/27/25 (Call 08/27/25)(a)	$	3,420	$	3,401,047
5.15%, 10/01/27 (Call 09/01/27)		5,500		5,494,483
5.60%, 09/12/26 (Call 08/12/26)(a)		3,295		3,327,144
Wisconsin Electric Power Co.
1.70%, 06/15/28 (Call 04/15/28)(a)		24		21,143
3.10%, 06/01/25 (Call 03/01/25)(a)		1,430		1,391,098
Wisconsin Power and Light Co., 3.05%, 10/15/27 (Call 07/15/27)		2,634		2,458,230
Wisconsin Public Service Corp., 5.35%, 11/10/25 (Call 10/10/25)(a)		2,132		2,135,836
Xcel Energy Inc.
1.75%, 03/15/27 (Call 02/15/27)		4,099		3,685,534
3.30%, 06/01/25 (Call 12/01/24)		3,966		3,859,005
3.35%, 12/01/26 (Call 06/01/26)		4,130		3,902,210
4.00%, 06/15/28 (Call 12/15/27)(a)		3,720		3,550,496
				1,269,934,310
Electrical Components & Equipment — 0.1%
Emerson Electric Co.
0.88%, 10/15/26 (Call 09/15/26)(a)		4,927		4,456,495
1.80%, 10/15/27 (Call 08/15/27)(a)		1,709		1,539,413
2.00%, 12/21/28 (Call 10/21/28)(a)		3,135		2,764,680
3.15%, 06/01/25 (Call 03/01/25)		3,524		3,443,457
Molex Electronic Technologies LLC, 3.90%, 04/15/25 (Call 01/15/25)(a)(b)		2,715		2,631,986
				14,836,031
Electronics — 0.6%
Allegion U.S. Holding Co. Inc., 3.55%, 10/01/27 (Call 07/01/27)(a)		1,760		1,663,992
Amphenol Corp.
2.05%, 03/01/25 (Call 02/01/25)		3,113		3,009,584
4.75%, 03/30/26		1,515		1,504,561
Arrow Electronics Inc.
3.88%, 01/12/28 (Call 10/12/27)(a)		4,005		3,783,502
4.00%, 04/01/25 (Call 01/01/25)(a)		2,746		2,697,706
6.13%, 03/01/26 (Call 03/11/24)(a)		4,265		4,261,056
Avnet Inc.
4.63%, 04/15/26 (Call 01/15/26)(a)		3,990		3,904,138
6.25%, 03/15/28 (Call 02/15/28)(a)		3,770		3,834,216
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		4,400		4,253,381
4.75%, 06/15/25 (Call 03/15/25)(a)		4,045		3,997,267
6.00%, 01/15/28 (Call 12/15/27)		3,150		3,201,787
Fortive Corp., 3.15%, 06/15/26 (Call 03/15/26)		6,310		6,024,334
Honeywell International Inc.
1.10%, 03/01/27 (Call 02/01/27)(a)		6,207		5,575,339
1.35%, 06/01/25 (Call 05/01/25)(a)		8,477		8,101,777
2.50%, 11/01/26 (Call 08/01/26)(a)		9,972		9,398,606
4.25%, 01/15/29 (Call 12/15/28)(a)		2,340		2,288,305
4.95%, 02/15/28 (Call 01/15/28)(a)		3,403		3,437,503
Hubbell Inc.
3.15%, 08/15/27 (Call 05/15/27)		1,435		1,346,350
3.35%, 03/01/26 (Call 12/01/25)(a)		2,706		2,612,854
3.50%, 02/15/28 (Call 11/15/27)		3,640		3,437,820
Jabil Inc.
1.70%, 04/15/26 (Call 03/15/26)		3,696		3,421,104
3.95%, 01/12/28 (Call 10/12/27)		1,560		1,473,621
4.25%, 05/15/27 (Call 04/15/27)		5,618		5,422,135
5.45%, 02/01/29 (Call 01/01/29)(a)		1,790		1,786,738
Keysight Technologies Inc., 4.60%, 04/06/27 (Call 01/06/27)		4,987		4,908,798

Security	Par (000)		Value
Electronics (continued)
TD SYNNEX Corp.
1.75%, 08/09/26 (Call 07/09/26)(a)	$	4,569	$	4,161,129
2.38%, 08/09/28 (Call 06/09/28)(a)		1,910		1,661,591
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28)(a)		4,720		4,682,961
Tyco Electronics Group SA
3.13%, 08/15/27 (Call 05/15/27)(a)		2,799		2,642,825
3.70%, 02/15/26 (Call 11/15/25)(a)		2,497		2,432,258
4.50%, 02/13/26(a)		3,210		3,174,312
Vontier Corp.
1.80%, 04/01/26 (Call 03/01/26)		3,387		3,121,624
2.40%, 04/01/28 (Call 02/01/28)		3,790		3,311,908
				120,535,082
Engineering & Construction — 0.1%
Jacobs Engineering Group Inc., 6.35%, 08/18/28 (Call 07/18/28)		6,575		6,786,255
MasTec Inc., 4.50%, 08/15/28 (Call 04/01/24)(a)(b)		550		515,756
Mexico City Airport Trust
3.88%, 04/30/28 (Call 01/30/28)(b)		3,525		3,266,668
4.25%, 10/31/26 (Call 07/31/26)(a)(b)		6,619		6,339,702
Ste Transcore Holdings Inc., 3.38%, 05/05/27 (Call 02/05/27)(b)		7,025		6,688,381
Sydney Airport Finance Co. Pty. Ltd.
3.38%, 04/30/25 (Call 01/30/25)(a)(b)		2,134		2,079,829
3.63%, 04/28/26 (Call 01/28/26)(b)		5,686		5,470,433
				31,147,024
Entertainment — 0.2%
Warnermedia Holdings Inc.
3.64%, 03/15/25		11,687		11,440,381
3.76%, 03/15/27 (Call 02/15/27)		25,750		24,365,649
3.79%, 03/15/25 (Call 03/11/24)		3,807		3,731,936
6.41%, 03/15/26 (Call 03/15/24)		5,465		5,463,567
				45,001,533
Environmental Control — 0.2%
Republic Services Inc.
0.88%, 11/15/25 (Call 10/15/25)(a)		2,520		2,338,368
2.90%, 07/01/26 (Call 04/01/26)(a)		3,624		3,461,991
3.20%, 03/15/25 (Call 12/15/24)		3,019		2,952,883
3.38%, 11/15/27 (Call 08/15/27)		3,155		2,994,482
3.95%, 05/15/28 (Call 02/15/28)		6,240		6,009,251
Veralto Corp.
5.35%, 09/18/28 (Call 08/18/28)(b)		5,605		5,643,020
5.50%, 09/18/26 (Call 08/18/26)(a)(b)		4,590		4,609,723
Waste Connections Inc., 4.25%, 12/01/28 (Call 09/01/28)(a)		2,390		2,315,602
Waste Management Inc.
0.75%, 11/15/25 (Call 10/15/25)(a)		3,415		3,170,829
1.15%, 03/15/28 (Call 01/15/28)(a)		4,795		4,158,222
3.15%, 11/15/27 (Call 08/15/27)(a)		4,921		4,631,000
4.88%, 02/15/29 (Call 01/15/29)(a)		4,305		4,308,955
7.00%, 07/15/28		175		190,081
				46,784,407
Food — 1.7%
Bimbo Bakeries USA Inc., 6.05%, 01/15/29 (Call 12/15/28)(b)		325		334,591
Campbell Soup Co.
3.30%, 03/19/25 (Call 12/19/24)		2,747		2,681,401
3.95%, 03/15/25 (Call 01/15/25)		5,318		5,232,773
4.15%, 03/15/28 (Call 12/15/27)(a)		7,855		7,578,890

S C H E D U L E  O F  I N V E S T M E N T S 159

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
Cencosud SA, 4.38%, 07/17/27 (Call 04/17/27)(a)(b)	$	4,630	$	4,455,374
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		6,652		5,783,468
4.60%, 11/01/25 (Call 09/01/25)(a)		6,974		6,871,422
4.85%, 11/01/28 (Call 08/01/28)(a)		5,860		5,756,600
5.30%, 10/01/26(a)		3,675		3,675,870
7.00%, 10/01/28(a)		7,035		7,515,353
7.13%, 10/01/26(a)		2,065		2,150,154
Danone SA, 2.95%, 11/02/26 (Call 08/02/26)(b)		13,109		12,410,017
Flowers Foods Inc., 3.50%, 10/01/26 (Call 07/01/26)(a)		1,275		1,221,358
General Mills Inc.
3.20%, 02/10/27 (Call 11/10/26)(a)		5,054		4,803,746
4.00%, 04/17/25 (Call 02/17/25)(a)		6,228		6,128,522
4.20%, 04/17/28 (Call 01/17/28)(a)		14,240		13,826,710
4.70%, 01/30/27 (Call 12/20/26)(a)		3,420		3,387,118
5.24%, 11/18/25 (Call 03/18/24)(a)		2,610		2,607,089
5.50%, 10/17/28 (Call 09/17/28)(a)		3,182		3,233,889
Hershey Co. (The)
0.90%, 06/01/25 (Call 05/01/25)(a)		2,428		2,307,153
2.30%, 08/15/26 (Call 05/15/26)		3,944		3,721,953
3.20%, 08/21/25 (Call 05/21/25)(a)		2,055		2,006,099
4.25%, 05/04/28 (Call 04/04/28)(a)		1,700		1,671,931
Hormel Foods Corp., 1.70%, 06/03/28 (Call 04/03/28)(a)		6,305		5,565,575
Ingredion Inc., 3.20%, 10/01/26 (Call 07/01/26)		3,737		3,564,918
J M Smucker Co. (The), 5.90%, 11/15/28 (Call 10/15/28)		6,715		6,909,994
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
2.50%, 01/15/27 (Call 12/15/26)(a)		6,565		6,023,009
3.00%, 02/02/29 (Call 12/02/28)		950		832,771
5.13%, 02/01/28 (Call 01/01/28)		5,649		5,534,959
JM Smucker Co. (The)
3.38%, 12/15/27 (Call 09/15/27)(a)		3,480		3,281,423
3.50%, 03/15/25		7,493		7,339,823
Kellanova
3.25%, 04/01/26(a)		5,186		4,985,413
3.40%, 11/15/27 (Call 08/15/27)(a)		4,210		3,969,677
4.30%, 05/15/28 (Call 02/15/28)(a)		4,510		4,383,407
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)(a)		12,657		12,072,207
3.88%, 05/15/27 (Call 02/15/27)(a)		9,042		8,733,142
4.63%, 01/30/29 (Call 10/30/28)		2,350		2,307,390
Kroger Co. (The)
2.65%, 10/15/26 (Call 07/15/26)(a)		5,056		4,752,069
3.50%, 02/01/26 (Call 11/01/25)(a)		3,782		3,667,530
3.70%, 08/01/27 (Call 05/01/27)		4,065		3,903,305
4.50%, 01/15/29 (Call 10/15/28)		3,605		3,525,331
Mars Inc.
0.88%, 07/16/26 (Call 06/16/26)(a)(b)		3,898		3,534,956
2.70%, 04/01/25 (Call 03/01/25)(a)(b)		5,127		4,989,400
4.55%, 04/20/28 (Call 03/20/28)(a)(b)		7,966		7,855,638
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)(a)		3,623		3,331,413
3.25%, 11/15/25 (Call 08/15/25)		2,220		2,140,866
3.40%, 08/15/27 (Call 05/15/27)		5,143		4,871,926

Security	Par (000)		Value
Food (continued)
Mondelez International Holdings Netherlands BV
1.25%, 09/24/26 (Call 08/24/26)(b)	$	2,690	$	2,437,752
4.25%, 09/15/25(b)		3,500		3,445,615
Mondelez International Inc.
1.50%, 05/04/25 (Call 04/04/25)(a)		5,350		5,114,212
2.63%, 03/17/27 (Call 02/17/27)		5,245		4,892,842
4.13%, 05/07/28 (Call 02/07/28)(a)		3,078		3,015,039
4.75%, 02/20/29 (Call 01/20/29)		3,150		3,113,780
Nestle Holdings Inc.
0.63%, 01/15/26 (Call 12/15/25)(a)(b)		5,332		4,917,748
1.00%, 09/15/27 (Call 07/15/27)(a)(b)		7,148		6,284,245
1.15%, 01/14/27 (Call 12/14/26)(a)(b)		3,503		3,159,709
1.50%, 09/14/28 (Call 07/14/28)(a)(b)		5,745		4,992,457
3.50%, 09/24/25 (Call 07/24/25)(b)		6,105		5,970,324
3.63%, 09/24/28 (Call 06/24/28)(a)(b)		9,670		9,250,701
4.00%, 09/12/25 (Call 08/12/25)(a)(b)		5,522		5,443,574
4.13%, 10/01/27 (Call 09/01/27)(a)(b)		3,640		3,559,609
5.00%, 03/14/28 (Call 02/14/28)(b)		6,218		6,275,650
5.00%, 09/12/28 (Call 08/12/28)(a)(b)		3,195		3,226,050
5.25%, 03/13/26(a)(b)		6,725		6,760,540
Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(a)(b)		6,729		6,517,387
Sigma Finance Netherlands BV, 4.88%, 03/27/28 (Call 12/27/27)(b)		90		87,583
Smithfield Foods Inc., 4.25%, 02/01/27 (Call 11/01/26)(b)		4,080		3,903,891
Sysco Corp.
3.25%, 07/15/27 (Call 04/15/27)		5,413		5,107,800
3.30%, 07/15/26 (Call 04/15/26)(a)		6,732		6,460,077
3.75%, 10/01/25 (Call 07/01/25)		5,598		5,458,294
5.75%, 01/17/29 (Call 12/17/28)(a)		3,175		3,248,280
Tyson Foods Inc.
3.55%, 06/02/27 (Call 03/02/27)		9,057		8,584,073
4.00%, 03/01/26 (Call 01/01/26)		5,942		5,801,238
5.40%, 03/15/29 (Call 02/15/29)		3,075		3,074,654
Walmart Inc., 3.90%, 09/09/25		11,055		10,885,740
				368,426,487
Forest Products & Paper — 0.2%
Celulosa Arauco y Constitucion SA, 3.88%, 11/02/27 (Call 08/02/27)		3,730		3,502,153
Georgia-Pacific LLC
0.95%, 05/15/26 (Call 04/15/26)(a)(b)		5,782		5,286,221
1.75%, 09/30/25 (Call 08/30/25)(b)		6,152		5,824,103
2.10%, 04/30/27 (Call 02/28/27)(a)(b)		4,350		3,978,388
7.25%, 06/01/28(a)		330		351,992
Inversiones CMPC SA, 4.38%, 04/04/27(a)(b)		2,438		2,350,100
Smurfit Kappa Treasury Funding DAC, 7.50%, 11/20/25(a)		4,969		5,126,434
Suzano Austria GmbH
2.50%, 09/15/28 (Call 07/15/28)(a)		475		414,121
5.75%, 07/14/26(a)(b)		780		778,749
6.00%, 01/15/29 (Call 10/15/28)		1,460		1,459,111
Suzano International Finance BV, 5.50%, 01/17/27		5,340		5,325,191
UPM-Kymmene OYJ, 7.45%, 11/26/27(b)		1,000		1,049,381
				35,445,944
Gas — 0.5%
APA Infrastructure Ltd.
4.20%, 03/23/25 (Call 12/23/24)(a)(b)		8,469		8,337,956

160 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Gas (continued)
4.25%, 07/15/27 (Call 04/15/27)(a)(b)	$	4,285	$	4,181,623
Atmos Energy Corp., 3.00%, 06/15/27 (Call 03/15/27)		2,273		2,137,369
Boston Gas Co., 3.15%, 08/01/27 (Call 05/01/27)(b)		3,315		3,077,639
Brooklyn Union Gas Co. (The)
3.41%, 03/10/26 (Call 12/10/25)(a)(b)		4,886		4,671,401
4.63%, 08/05/27 (Call 07/05/27)(b)		2,150		2,079,367
CenterPoint Energy Resources Corp.
4.00%, 04/01/28 (Call 01/01/28)(a)		1,065		1,022,706
5.25%, 03/01/28 (Call 02/01/28)		6,985		7,032,033
East Ohio Gas Co. (The), 1.30%, 06/15/25 (Call 05/15/25)(b)		4,299		4,076,401
KeySpan Gas East Corp., 2.74%, 08/15/26 (Call 05/15/26)(a)(b)		6,226		5,811,376
National Fuel Gas Co.
3.95%, 09/15/27 (Call 06/15/27)		2,348		2,225,676
4.75%, 09/01/28 (Call 06/01/28)(a)		1,150		1,110,715
5.20%, 07/15/25 (Call 04/15/25)(a)		2,771		2,748,740
5.50%, 01/15/26 (Call 12/15/25)(a)		3,670		3,656,852
5.50%, 10/01/26(a)		2,035		2,031,876
NiSource Inc.
0.95%, 08/15/25 (Call 07/15/25)(a)		8,753		8,211,552
3.49%, 05/15/27 (Call 02/15/27)		5,428		5,158,559
5.25%, 03/30/28 (Call 02/29/28)(a)		6,105		6,131,886
Southern California Gas Co.
2.95%, 04/15/27 (Call 03/15/27)		3,935		3,700,387
3.20%, 06/15/25 (Call 03/15/25)(a)		3,171		3,092,750
Series TT, 2.60%, 06/15/26 (Call 03/15/26)		4,865		4,609,066
Southern Co. Gas Capital Corp.
3.25%, 06/15/26 (Call 03/15/26)(a)		4,995		4,774,754
3.88%, 11/15/25 (Call 08/15/25)(a)		2,545		2,475,662
Southwest Gas Corp.
3.70%, 04/01/28 (Call 01/01/28)		184		173,656
5.45%, 03/23/28 (Call 02/23/28)(a)		2,852		2,878,749
5.80%, 12/01/27 (Call 11/01/27)(a)		1,080		1,100,028
				96,508,779
Hand & Machine Tools — 0.1%
Kennametal Inc., 4.63%, 06/15/28 (Call 03/15/28)(a)		2,520		2,448,066
Regal Rexnord Corp.
6.05%, 02/15/26(b)		5,635		5,658,330
6.05%, 04/15/28 (Call 03/15/28)(a)(b)		8,698		8,752,621
Snap-on Inc., 3.25%, 03/01/27 (Call 12/01/26)(a)		808		772,430
Stanley Black & Decker Inc.
3.40%, 03/01/26 (Call 01/01/26)		3,514		3,389,157
4.00%, 03/15/60 (Call 03/15/25), (5-year CMT + 2.657%)(a)(c)		4,732		4,219,514
4.25%, 11/15/28 (Call 08/15/28)(a)		2,640		2,549,202
6.00%, 03/06/28 (Call 02/06/28)(a)		2,968		3,065,527
6.27%, 03/06/26 (Call 03/11/24)		950		950,010
				31,804,857
Health Care - Products — 0.7%
Abbott Laboratories
1.15%, 01/30/28 (Call 11/30/27)(a)		1,440		1,263,344
3.75%, 11/30/26 (Call 08/30/26)		11,040		10,748,659
3.88%, 09/15/25 (Call 06/15/25)(a)		3,595		3,539,154
Agilent Technologies Inc., 3.05%, 09/22/26 (Call 06/22/26)(a)		1,696		1,613,141

Security	Par (000)		Value
Health Care - Products (continued)
Alcon Finance Corp., 2.75%, 09/23/26 (Call 07/23/26)(b)	$	3,634	$	3,411,235
Baxter International Inc.
1.92%, 02/01/27 (Call 01/01/27)		9,012		8,197,589
2.27%, 12/01/28 (Call 10/01/28)		7,100		6,222,819
2.60%, 08/15/26 (Call 05/15/26)		5,000		4,690,587
Boston Scientific Corp.
1.90%, 06/01/25 (Call 05/01/25)(a)		4,351		4,171,939
3.75%, 03/01/26 (Call 01/01/26)(a)		432		420,020
4.00%, 03/01/28 (Call 12/01/27)		600		581,003
Danaher Corp., 3.35%, 09/15/25 (Call 06/15/25)(a)		4,125		4,022,888
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28)		1,535		1,490,815
GE HealthCare Technologies Inc.
5.60%, 11/15/25 (Call 10/15/25)		10,175		10,208,758
5.65%, 11/15/27 (Call 10/15/27)		11,370		11,548,811
HCA Inc., 3.13%, 03/15/27 (Call 02/15/27)		6,389		6,003,216
Medtronic Global Holdings SCA, 4.25%, 03/30/28 (Call 02/29/28)		8,003		7,827,958
Olympus Corp., 2.14%, 12/08/26 (Call 11/08/26)(b)		2,672		2,446,479
Revvity Inc., 1.90%, 09/15/28 (Call 07/15/28)(a) .		1,540		1,329,359
Solventum Corp.
5.40%, 03/01/29 (Call 02/01/29)(b)		5,845		5,835,926
5.45%, 02/25/27 (Call 01/25/27)(b)		3,485		3,491,571
Stryker Corp.
1.15%, 06/15/25 (Call 05/15/25)(a)		4,688		4,447,403
3.38%, 11/01/25 (Call 08/01/25)(a)		4,859		4,717,660
3.50%, 03/15/26 (Call 12/15/25)		7,196		6,975,722
3.65%, 03/07/28 (Call 12/07/27)(a)		5,013		4,780,781
4.85%, 12/08/28 (Call 11/08/28)		3,340		3,329,522
Thermo Fisher Scientific Inc.
1.75%, 10/15/28 (Call 08/15/28)(a)		4,365		3,833,777
4.80%, 11/21/27 (Call 10/21/27)		4,134		4,136,876
4.95%, 08/10/26 (Call 07/10/26)		4,980		4,984,181
5.00%, 12/05/26 (Call 11/05/26)		3,755		3,764,311
5.00%, 01/31/29 (Call 12/31/28)		6,240		6,276,906
Zimmer Biomet Holdings Inc.
3.05%, 01/15/26 (Call 12/15/25)		3,942		3,787,297
3.55%, 04/01/25 (Call 01/01/25)		6,059		5,928,688
5.35%, 12/01/28 (Call 11/01/28)		4,275		4,322,738
				160,351,133
Health Care - Services — 1.6%
Advocate Health & Hospitals Corp., 3.83%, 08/15/28 (Call 05/15/28)		3,855		3,692,740
Blue Cross and Blue Shield of Minnesota, 3.79%, 05/01/25 (Call 02/01/25)(b)		2,092		2,027,998
Bon Secours Mercy Health Inc., Series 2018, 4.30%, 07/01/28 (Call 01/01/28)(a)		155		151,407
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)		12,372		10,903,863
4.25%, 12/15/27 (Call 03/18/24)(a)		17,262		16,420,423
CommonSpirit Health, 1.55%, 10/01/25 (Call 07/01/25)		3,407		3,200,222
Elevance Health Inc.
1.50%, 03/15/26 (Call 02/15/26)(a)		6,651		6,178,678
3.65%, 12/01/27 (Call 09/01/27)(a)		11,158		10,666,745
4.10%, 03/01/28 (Call 12/01/27)		8,393		8,119,241
4.90%, 02/08/26 (Call 03/11/24)(a)		4,098		4,069,368
5.35%, 10/15/25 (Call 09/15/25)		2,775		2,771,995

S C H E D U L E  O F  I N V E S T M E N T S 161

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
Fresenius Medical Care U.S. Finance III Inc., 1.88%, 12/01/26 (Call 11/01/26)(a)(b)	$	5,480	$	4,941,684
HCA Inc.
4.50%, 02/15/27 (Call 08/15/26)		7,450		7,291,364
5.20%, 06/01/28 (Call 05/01/28)(a)		7,550		7,521,896
5.25%, 04/15/25		8,956		8,913,992
5.25%, 06/15/26 (Call 12/15/25)		9,746		9,686,670
5.38%, 09/01/26 (Call 03/01/26)		6,594		6,574,987
5.63%, 09/01/28 (Call 03/01/28)(a)		10,760		10,843,061
5.88%, 02/15/26 (Call 08/15/25)		9,970		10,011,321
5.88%, 02/01/29 (Call 08/01/28)		1,650		1,679,391
7.69%, 06/15/25(a)		2,300		2,356,677
Health Care Service Corp. A Mutual Legal Reserve Co., 1.50%, 06/01/25 (Call 05/01/25)(b)		3,951		3,763,437
Highmark Inc., 1.45%, 05/10/26 (Call 04/10/26)(a)(b)		3,901		3,558,841
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)(a)		5,673		5,086,775
3.95%, 03/15/27 (Call 12/15/26)(a)		4,544		4,388,839
4.50%, 04/01/25 (Call 03/01/25)		4,417		4,371,176
5.70%, 03/13/26 (Call 03/13/24)		700		694,739
5.75%, 03/01/28 (Call 02/01/28)(a)		3,510		3,578,786
5.75%, 12/01/28 (Call 11/01/28)(a)		2,360		2,410,268
IQVIA Inc., 5.70%, 05/15/28 (Call 04/15/28)(a)		5,315		5,353,587
Kaiser Foundation Hospitals, 3.15%, 05/01/27 (Call 02/01/27)		1,660		1,578,224
Laboratory Corp. of America Holdings
1.55%, 06/01/26 (Call 05/01/26)		3,825		3,526,921
3.60%, 09/01/27 (Call 06/01/27)(a)		4,211		4,004,200
PeaceHealth Obligated Group, Series 2020, 1.38%, 11/15/25 (Call 08/15/25)(a)		2,636		2,450,249
Premier Health Partners, Series G, 2.91%, 11/15/26 (Call 05/15/26)		1,017		927,012
Providence St Joseph Health Obligated Group, Series H, 2.75%, 10/01/26 (Call 07/01/26)		1,030		964,337
Quest Diagnostics Inc.
3.45%, 06/01/26 (Call 03/01/26)(a)		3,936		3,787,321
3.50%, 03/30/25 (Call 12/30/24)(a)		4,999		4,907,959
Roche Holdings Inc.
0.99%, 03/05/26 (Call 02/05/26)(a)(b)		4,347		4,020,922
1.93%, 12/13/28 (Call 10/13/28)(a)(b)		8,915		7,810,628
2.31%, 03/10/27 (Call 02/10/27)(b)		8,517		7,937,683
2.38%, 01/28/27 (Call 10/28/26)(a)(b)		5,513		5,163,310
2.63%, 05/15/26 (Call 02/15/26)(b)		6,100		5,809,315
3.00%, 11/10/25 (Call 08/10/25)(a)(b)		3,462		3,355,065
5.27%, 11/13/26 (Call 10/13/26)(a)(b)		7,100		7,164,405
5.34%, 11/13/28 (Call 10/13/28)(a)(b)		9,295		9,488,090
SSM Health Care Corp.
4.89%, 06/01/28 (Call 03/01/28)		35		35,267
Series A, 3.82%, 06/01/27 (Call 03/01/27)		885		851,680
Sutter Health, Series 20A, 1.32%, 08/15/25 (Call 05/15/25)		653		614,774
UnitedHealth Group Inc.
3.70%, 05/15/27 (Call 04/15/27)		4,385		4,246,277
1.15%, 05/15/26 (Call 04/15/26)(a)		6,982		6,430,090
1.25%, 01/15/26		3,679		3,437,269
2.95%, 10/15/27(a)		6,208		5,830,475
3.10%, 03/15/26		6,910		6,674,814
3.38%, 04/15/27(a)		4,241		4,076,836
3.45%, 01/15/27(a)		5,254		5,070,141

Security	Par (000)		Value
Health Care - Services (continued)
3.70%, 12/15/25(a)	$	2,713	$	2,654,233
3.75%, 07/15/25		13,433		13,181,107
3.85%, 06/15/28		7,906		7,613,480
3.88%, 12/15/28(a)		5,785		5,551,917
4.25%, 01/15/29 (Call 12/15/28)(a)		7,660		7,463,031
5.15%, 10/15/25		6,009		6,022,104
5.25%, 02/15/28 (Call 01/15/28)(a)		6,784		6,897,699
Universal Health Services Inc., 1.65%, 09/01/26 (Call 08/01/26)		4,690		4,264,068
UPMC, Series D-1, 3.60%, 04/03/25(a)		3,140		3,082,637
				338,123,711
Holding Companies - Diversified — 1.0%
Ares Capital Corp.
2.15%, 07/15/26 (Call 06/15/26)(a)		6,975		6,336,086
2.88%, 06/15/27 (Call 05/15/27)(a)		3,056		2,776,175
2.88%, 06/15/28 (Call 04/15/28)(a)		6,826		5,978,198
3.25%, 07/15/25 (Call 06/15/25)		8,214		7,889,678
3.88%, 01/15/26 (Call 12/15/25)		7,791		7,474,574
4.25%, 03/01/25 (Call 01/01/25)(a)		4,108		4,028,796
5.88%, 03/01/29 (Call 02/01/29)		2,175		2,125,649
7.00%, 01/15/27		3,015		3,075,063
Bain Capital Specialty Finance Inc.
2.55%, 10/13/26 (Call 09/13/26)(a)		2,270		2,067,015
2.95%, 03/10/26 (Call 02/10/26)(a)		2,504		2,343,434
Barings BDC Inc.
3.30%, 11/23/26 (Call 10/13/26)		2,315		2,113,844
7.00%, 02/15/29 (Call 01/15/29)		25		24,796
Blackstone Private Credit Fund
2.63%, 12/15/26 (Call 11/15/26)(a)		7,962		7,192,412
3.25%, 03/15/27 (Call 02/15/27)		6,285		5,748,036
4.00%, 01/15/29 (Call 11/15/28)(a)		100		90,957
4.70%, 03/24/25(a)		6,065		5,970,863
7.05%, 09/29/25(a)		5,818		5,894,416
7.30%, 11/27/28 (Call 10/27/28)(a)(b)		2,530		2,611,131
Blackstone Secured Lending Fund
2.13%, 02/15/27 (Call 01/15/27)(a)		4,054		3,638,352
2.75%, 09/16/26 (Call 08/19/26)(a)		4,898		4,494,454
2.85%, 09/30/28 (Call 07/30/28)(a)		3,840		3,341,814
3.63%, 01/15/26 (Call 12/15/25)(a)		5,795		5,521,220
Blue Owl Capital Corp.
2.63%, 01/15/27 (Call 12/15/26)		3,277		2,970,590
2.88%, 06/11/28 (Call 04/11/28)		2,955		2,581,915
3.40%, 07/15/26 (Call 06/15/26)		6,972		6,493,315
3.75%, 07/22/25 (Call 06/22/25)		3,683		3,548,319
4.00%, 03/30/25 (Call 02/28/25)(a)		2,960		2,889,968
4.25%, 01/15/26 (Call 12/15/25)(a)		4,189		4,037,674
Blue Owl Capital Corp. II, 8.45%, 11/15/26 (Call 10/15/26)(a)(b)		350		359,089
Blue Owl Capital Corp. III, 3.13%, 04/13/27 (Call 03/13/27)(a)		2,139		1,936,629
Blue Owl Credit Income Corp.
3.13%, 09/23/26 (Call 08/23/26)(a)		2,490		2,266,991
4.70%, 02/08/27 (Call 01/08/27)		3,440		3,239,172
5.50%, 03/21/25(a)		4,053		4,010,970
7.75%, 09/16/27 (Call 08/16/27)(a)		3,505		3,585,375
7.75%, 01/15/29 (Call 12/15/28)(b)		1,510		1,542,022
Blue Owl Technology Finance Corp.
2.50%, 01/15/27 (Call 12/15/26)(a)		2,010		1,768,462
3.75%, 06/17/26 (Call 05/17/26)(a)(b)		2,881		2,649,873
4.75%, 12/15/25 (Call 11/15/25)(a)(b)		4,686		4,465,625

162 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Holding Companies - Diversified (continued)
CK Hutchison International 16 Ltd., 2.75%, 10/03/26(a)(b)	$	4,630	$	4,350,575
CK Hutchison International 17 II Ltd., 3.25%, 09/29/27(a)(b)		4,760		4,486,165
CK Hutchison International 17 Ltd., 3.50%, 04/05/27(a)(b)		2,904		2,777,655
CK Hutchison International 21 Ltd., 1.50%, 04/15/26 (Call 03/15/26)(b)		5,635		5,203,432
Franklin BSP Lending Corp., 3.25%, 03/30/26 (Call 02/28/26)(a)		2,625		2,423,298
FS KKR Capital Corp.
2.63%, 01/15/27 (Call 12/15/26)(a)		3,301		2,986,727
3.13%, 10/12/28 (Call 08/12/28)(a)		4,115		3,554,439
3.25%, 07/15/27 (Call 06/15/27)(a)		2,557		2,321,093
3.40%, 01/15/26 (Call 12/15/25)		7,243		6,847,750
7.88%, 01/15/29 (Call 12/15/28)		1,420		1,467,781
Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25)(a)		4,260		4,059,749
Golub Capital BDC Inc.
2.05%, 02/15/27 (Call 01/15/27)(a)		2,466		2,174,428
2.50%, 08/24/26 (Call 07/24/26)(a)		2,450		2,235,820
7.05%, 12/05/28 (Call 11/05/28)		1,915		1,951,062
Main Street Capital Corp.
3.00%, 07/14/26 (Call 06/14/26)(a)		4,093		3,786,422
6.95%, 03/01/29 (Call 02/01/29)		1,210		1,214,493
Morgan Stanley Direct Lending Fund, 4.50%, 02/11/27 (Call 01/11/27)(a)		1,559		1,490,570
Oaktree Specialty Lending Corp., 2.70%, 01/15/27 (Call 12/15/26)(a)		1,876		1,670,235
Prospect Capital Corp.
3.36%, 11/15/26 (Call 10/15/26)(a)		2,425		2,185,063
3.44%, 10/15/28 (Call 08/15/28)(a)		1,945		1,651,356
3.71%, 01/22/26 (Call 12/22/25)(a)		3,168		2,980,592
Sixth Street Specialty Lending Inc., 2.50%, 08/01/26 (Call 07/01/26)(a)		2,465		2,260,848
				203,162,505
Home Builders — 0.2%
DR Horton Inc.
1.30%, 10/15/26 (Call 09/15/26)		3,702		3,349,394
1.40%, 10/15/27 (Call 08/15/27)(a)		815		718,463
2.60%, 10/15/25 (Call 09/15/25)(a)		3,319		3,175,706
Lennar Corp.
4.75%, 05/30/25 (Call 02/28/25)		3,077		3,046,265
4.75%, 11/29/27 (Call 05/29/27)		5,963		5,867,813
5.00%, 06/15/27 (Call 12/15/26)(a)		2,185		2,166,908
5.25%, 06/01/26 (Call 12/01/25)		2,425		2,420,818
Meritage Homes Corp.
5.13%, 06/06/27 (Call 12/06/26)(a)		55		54,169
6.00%, 06/01/25 (Call 03/01/25)		40		39,931
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)(a)		2,708		2,695,940
5.50%, 03/01/26 (Call 12/01/25)		2,878		2,883,718
Toll Brothers Finance Corp.
4.35%, 02/15/28 (Call 11/15/27)(a)		2,933		2,819,024
4.88%, 11/15/25 (Call 08/15/25)(a)		2,164		2,137,222
4.88%, 03/15/27 (Call 12/15/26)(a)		3,020		2,969,690
				34,345,061
Home Furnishings — 0.0%
Harman International Industries Inc., 4.15%, 05/15/25 (Call 02/15/25)(a)		2,491		2,449,417

Security	Par (000)		Value
Home Furnishings (continued)
Leggett & Platt Inc., 3.50%, 11/15/27 (Call 08/15/27)(a)	$	3,460	$	3,231,055
Whirlpool Corp.
3.70%, 05/01/25		924		904,484
4.75%, 02/26/29 (Call 11/26/28)(a)		3,640		3,554,161
				10,139,117
Household Products & Wares — 0.2%
Avery Dennison Corp., 4.88%, 12/06/28 (Call 09/06/28)(a)		3,737		3,700,688
Church & Dwight Co. Inc., 3.15%, 08/01/27 (Call 05/01/27)(a)		3,020		2,846,376
Clorox Co. (The)
3.10%, 10/01/27 (Call 07/01/27)(a)		1,765		1,655,714
3.90%, 05/15/28 (Call 02/15/28)(a)		4,467		4,302,267
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)		1,968		1,731,701
2.65%, 03/01/25(a)		1,805		1,760,931
2.75%, 02/15/26(a)		2,746		2,637,282
3.05%, 08/15/25(a)		2,550		2,480,231
3.95%, 11/01/28 (Call 08/01/28)(a)		385		372,864
Reckitt Benckiser Treasury Services PLC, 3.00%, 06/26/27 (Call 03/26/27)(a)(b)		16,006		15,047,450
				36,535,504
Insurance — 3.6%
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28), (6-mo. LIBOR US + 3.540%)(c)		3,970		3,813,104
Aflac Inc.
1.13%, 03/15/26 (Call 02/15/26)(a)		3,310		3,055,158
2.88%, 10/15/26 (Call 07/15/26)		2,772		2,618,505
AIA Group Ltd.
3.20%, 03/11/25 (Call 12/11/24)(b)		2,816		2,755,927
3.90%, 04/06/28 (Call 01/06/28)(a)(b)		1,260		1,212,941
5.63%, 10/25/27 (Call 09/25/27)(a)(b)		6,580		6,719,892
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (Call 07/29/25)		2,374		2,302,495
Allstate Corp. (The)
0.75%, 12/15/25 (Call 11/15/25)		4,461		4,115,982
3.28%, 12/15/26 (Call 09/15/26)		4,905		4,673,944
American Equity Investment Life Holding Co., 5.00%, 06/15/27 (Call 03/15/27)(a)		3,769		3,625,267
American International Group Inc.
4.20%, 04/01/28 (Call 01/01/28)		3,215		3,122,485
Series A-9, 5.75%, 04/01/48 (Call 04/01/28), (3-mo. LIBOR US + 2.868%)(a)(c)		4,270		4,194,872
Aon Corp.
4.50%, 12/15/28 (Call 09/15/28)(a)		2,650		2,585,843
8.21%, 01/01/27(a)		1,766		1,897,352
Aon Corp./Aon Global Holdings PLC, 2.85%, 05/28/27 (Call 04/28/27)		5,356		4,990,155
Aon Global Ltd., 3.88%, 12/15/25 (Call 09/15/25)		5,413		5,278,308
Aon North America Inc.
5.13%, 03/01/27 (Call 02/01/27)		4,375		4,371,827
5.15%, 03/01/29 (Call 02/01/29)		5,975		5,977,147
Arch Capital Finance LLC, 4.01%, 12/15/26 (Call 09/15/26)		4,119		3,972,065
Assurant Inc., 4.90%, 03/27/28 (Call 12/27/27)		850		832,486
Assured Guaranty U.S. Holdings Inc., 6.13%, 09/15/28 (Call 08/15/28)		1,865		1,925,319

S C H E D U L E  O F  I N V E S T M E N T S 163

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Athene Global Funding
1.45%, 01/08/26(a)(b)	$	3,413	$	3,150,374
1.61%, 06/29/26(a)(b)		3,565		3,236,928
1.73%, 10/02/26(a)(b)		3,289		2,959,021
1.99%, 08/19/28(b)		4,655		3,991,109
2.45%, 08/20/27(a)(b)		2,955		2,647,486
2.50%, 03/24/28(b)		7,610		6,746,523
2.55%, 06/29/25(a)(b)		2,257		2,150,637
2.95%, 11/12/26(a)(b)		3,647		3,379,644
5.58%, 01/09/29(a)(b)		4,750		4,732,258
Athene Holding Ltd., 4.13%, 01/12/28 (Call 10/12/27)		6,840		6,551,927
AXIS Specialty Finance PLC, 4.00%, 12/06/27 (Call 09/06/27)(a)		2,417		2,307,153
Berkshire Hathaway Finance Corp., 2.30%, 03/15/27 (Call 02/15/27)(a)		6,375		5,973,059
Berkshire Hathaway Inc., 3.13%, 03/15/26 (Call 12/15/25)		17,677		17,078,690
Brighthouse Financial Global Funding
1.55%, 05/24/26(a)(b)		4,320		3,939,394
2.00%, 06/28/28(b)		2,020		1,732,917
Brighthouse Financial Inc., 3.70%, 06/22/27 (Call 03/22/27)(a)		5,111		4,818,381
Chubb INA Holdings Inc., 3.35%, 05/03/26 (Call 02/03/26)		11,201		10,799,252
Cincinnati Financial Corp., 6.92%, 05/15/28		60		63,764
CNA Financial Corp.
3.45%, 08/15/27 (Call 05/15/27)(a)		3,811		3,609,351
4.50%, 03/01/26 (Call 12/01/25)		5,080		4,998,744
CNO Financial Group Inc., 5.25%, 05/30/25 (Call 02/28/25)(a)		3,781		3,759,222
CNO Global Funding
1.75%, 10/07/26(a)(b)		4,098		3,696,947
2.65%, 01/06/29(a)(b)		2,765		2,390,039
Corebridge Financial Inc.
3.50%, 04/04/25 (Call 03/04/25)(a)		8,860		8,653,362
3.65%, 04/05/27 (Call 03/05/27)		9,157		8,688,861
6.88%, 12/15/52 (Call 09/15/27), (5-year CMT + 3.846%)(a)(c)		6,104		6,094,109
Corebridge Global Funding
0.90%, 09/22/25(a)(b)		1,333		1,242,768
5.20%, 01/12/29(a)(b)		3,680		3,639,306
5.75%, 07/02/26(a)(b)		3,935		3,937,984
5.90%, 09/19/28(a)(b)		1,180		1,202,888
Dai-Ichi Life Insurance Co. Ltd. (The), 4.00%, (Call 07/24/26), (3-mo. LIBOR US + 3.660%)(a)(b)(c)(d)		8,545		8,159,115
Empower Finance 2020 LP, 1.36%, 09/17/27 (Call 07/17/27)(b)		1,030		907,524
Enstar Finance LLC
5.50%, 01/15/42 (Call 01/15/27), (5-year CMT + 4.006%)(a)(c)		155		139,597
5.75%, 09/01/40 (Call 09/01/25), (5-year CMT + 5.468%)(a)(c)		260		248,700
Equitable Financial Life Global Funding
1.00%, 01/09/26(a)(b)		3,237		2,974,891
1.30%, 07/12/26(a)(b)		3,481		3,150,263
1.40%, 07/07/25(b)		4,813		4,548,424
1.40%, 08/27/27(a)(b)		3,794		3,283,196
1.70%, 11/12/26(a)(b)		3,557		3,215,626
1.80%, 03/08/28(a)(b)		455		398,765

Security	Par (000)		Value
Insurance (continued)
5.45%, 03/03/28(a)(b)	$	4,325	$	4,291,115
5.50%, 12/02/25(a)(b)		2,350		2,344,348
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)		12,790		12,315,321
7.00%, 04/01/28(a)		610		646,628
F&G Annuities & Life Inc., 7.40%, 01/13/28 (Call 12/13/27)(a)		3,335		3,426,574
F&G Global Funding
1.75%, 06/30/26(a)(b)		5,541		5,002,545
2.00%, 09/20/28(b)		585		492,503
2.30%, 04/11/27(a)(b)		3,020		2,703,970
5.15%, 07/07/25(a)(b)		1,655		1,623,161
Fairfax Financial Holdings Ltd., 4.85%, 04/17/28 (Call 01/17/28)(a)		3,885		3,798,239
Farmers Exchange Capital, 7.05%, 07/15/28(a)(b)		905		911,442
Fidelity & Guaranty Life Holdings Inc., 5.50%, 05/01/25 (Call 02/01/25)(a)(b)		4,042		3,990,878
Fidelity National Financial Inc., 4.50%, 08/15/28 (Call 05/15/28)(a)		140		134,851
GA Global Funding Trust
1.63%, 01/15/26(b)		4,791		4,411,409
1.95%, 09/15/28(b)		460		389,105
2.25%, 01/06/27(a)(b)		4,230		3,845,185
3.85%, 04/11/25(b)		3,064		3,000,769
5.50%, 01/08/29(b)		4,240		4,187,261
Globe Life Inc., 4.55%, 09/15/28 (Call 06/15/28)(a)		2,590		2,526,743
Great-West Lifeco Finance 2018 LP, 4.05%, 05/17/28 (Call 02/17/28)(a)(b)		2,075		2,003,281
Great-West Lifeco U.S. Finance 2020 LP, 0.90%, 08/12/25 (Call 07/12/25)(b)		4,042		3,794,031
Guardian Life Global Funding
0.88%, 12/10/25(b)		3,674		3,397,019
1.10%, 06/23/25(b)		3,141		2,977,192
1.25%, 05/13/26(a)(b)		2,410		2,208,053
1.25%, 11/19/27(a)(b)		3,673		3,219,817
1.40%, 07/06/27(a)(b)		40		35,499
1.63%, 09/16/28(a)(b)		250		217,055
3.25%, 03/29/27(a)(b)		2,365		2,246,300
5.55%, 10/28/27(a)(b)		3,327		3,396,214
5.74%, 10/02/28(a)(b)		2,170		2,245,714
Hanover Insurance Group Inc. (The), 4.50%, 04/15/26 (Call 01/15/26)		2,180		2,136,894
Horace Mann Educators Corp.
4.50%, 12/01/25 (Call 09/01/25)		439		429,733
7.25%, 09/15/28 (Call 08/15/28)(a)		550		588,835
Jackson Financial Inc., 5.17%, 06/08/27 (Call 05/08/27)(a)		971		964,703
Jackson National Life Global Funding
3.05%, 04/29/26(a)(b)		3,033		2,847,095
3.88%, 06/11/25(b)		2,878		2,799,545
5.25%, 04/12/28(a)(b)		2,295		2,209,635
5.50%, 01/09/26(a)(b)		3,235		3,220,320
Jackson National Life Insurance Co., 8.15%, 03/15/27(a)(b)		5,960		6,225,883
Liberty Mutual Group Inc., 4.57%, 02/01/29(a)(b) .		1,155		1,113,247
Lincoln National Corp.
3.35%, 03/09/25(a)		2,731		2,666,982
3.63%, 12/12/26 (Call 09/15/26)(a)		3,380		3,226,219
3.80%, 03/01/28 (Call 12/01/27)(a)		3,390		3,223,779

164 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Loews Corp., 3.75%, 04/01/26 (Call 01/01/26)(a)	$	5,033	$	4,896,989
Manulife Financial Corp.
2.48%, 05/19/27 (Call 03/19/27)(a)		3,071		2,848,631
4.06%, 02/24/32 (Call 02/24/27), (5-year USD ICE Swap + 1.647%)(a)(c)		5,275		5,021,859
4.15%, 03/04/26		7,902		7,746,488
Markel Group Inc., 3.50%, 11/01/27 (Call 08/01/27)		1,635		1,539,937
Marsh & McLennan Companies Inc., 3.75%, 03/14/26 (Call 12/14/25)		5,676		5,534,466
MassMutual Global Funding II
1.20%, 07/16/26(a)(b)		1,375		1,252,377
2.35%, 01/14/27(a)(b)		4,281		3,980,500
2.80%, 03/21/25(a)(b)		520		506,339
3.40%, 03/08/26(a)(b)		5,948		5,760,759
4.15%, 08/26/25(b)		4,937		4,865,350
4.50%, 04/10/26(b)		4,110		4,062,032
4.85%, 01/17/29(a)(b)		3,175		3,141,910
5.05%, 12/07/27(a)(b)		4,740		4,740,464
5.05%, 06/14/28(a)(b)		4,075		4,066,480
Meiji Yasuda Life Insurance Co.
5.10%, 04/26/48 (Call 04/26/28), (5-year USD ICE Swap + 3.150%)(b)(c)		100		97,617
5.20%, 10/20/45 (Call 10/20/25), (5-year USD Swap + 4.230%)(a)(b)(c)		13,145		12,920,016
Mercury General Corp., 4.40%, 03/15/27 (Call 12/15/26)		2,054		1,960,032
Met Tower Global Funding
1.25%, 09/14/26(b)		3,326		3,015,416
3.70%, 06/13/25(a)(b)		1,785		1,747,892
4.85%, 01/16/27(a)(b)		1,950		1,945,360
5.40%, 06/20/26(a)(b)		3,495		3,512,510
MetLife Inc., 3.60%, 11/13/25 (Call 08/13/25)		5,490		5,358,496
Metropolitan Life Global Funding I
0.95%, 07/02/25(b)		9,839		9,289,035
1.88%, 01/11/27(a)(b)		6,175		5,634,341
2.80%, 03/21/25(b)		2,151		2,093,427
3.00%, 09/19/27(a)(b)		5,010		4,655,335
3.45%, 12/18/26(b)		6,955		6,664,466
4.05%, 08/25/25(b)		4,443		4,368,043
4.40%, 06/30/27(a)(b)		3,425		3,334,277
4.85%, 01/08/29(a)(b)		5,190		5,121,144
5.00%, 01/06/26(b)		2,944		2,936,083
5.05%, 01/06/28(a)(b)		3,990		3,978,212
5.40%, 09/12/28(b)		2,915		2,949,624
Metropolitan Life Insurance Co., 7.80%, 11/01/25(b)		2,100		2,163,986
MGIC Investment Corp., 5.25%, 08/15/28 (Call 03/18/24)		305		294,669
Munich Re America Corp., Series B, 7.45%, 12/15/26(a)		5		5,293
Mutual of Omaha Companies Global Funding, 5.45%, 12/12/28(a)(b)		1,905		1,922,349
Mutual of Omaha Cos Global Funding, 5.80%, 07/27/26(b)		2,220		2,236,847
New York Life Global Funding
0.85%, 01/15/26(a)(b)		5,357		4,960,704
0.95%, 06/24/25(b)		3,443		3,258,713
1.15%, 06/09/26(b)		3,968		3,628,571
2.35%, 07/14/26(a)(b)		750		704,422

Security	Par (000)		Value
Insurance (continued)
3.00%, 01/10/28(a)(b)	$	1,625	$	1,511,622
3.25%, 04/07/27(b)		4,910		4,659,149
3.60%, 08/05/25(b)		4,895		4,793,039
4.70%, 04/02/26(a)(b)		5,650		5,605,336
4.70%, 01/29/29(a)(b)		4,720		4,655,290
4.85%, 01/09/28(a)(b)		8,870		8,816,868
4.90%, 06/13/28(b)		5,348		5,332,530
5.45%, 09/18/26(b)		4,165		4,202,901
Nippon Life Insurance Co.
4.00%, 09/19/47 (Call 09/19/27), (5-year USD ICE Swap + 2.880%)(a)(b)(c)		3,510		3,299,100
4.70%, 01/20/46 (Call 01/20/26), (5-year USD ICE Swap + 3.750%)(a)(b)(c)		8,699		8,478,843
Northwestern Mutual Global Funding
0.80%, 01/14/26(a)(b)		5,248		4,849,642
1.70%, 06/01/28(b)		3,480		3,022,404
1.75%, 01/11/27(a)(b)		3,863		3,530,694
4.00%, 07/01/25(a)(b)		4,375		4,311,891
4.35%, 09/15/27(a)(b)		4,875		4,751,810
4.70%, 04/06/26(a)(b)		3,495		3,453,364
4.71%, 01/10/29(a)(b)		3,210		3,162,303
4.90%, 06/12/28(b)		3,445		3,408,510
Old Republic International Corp., 3.88%, 08/26/26 (Call 07/26/26)		4,918		4,748,898
Pacific Life Global Funding II
1.20%, 06/24/25(a)(b)		4,156		3,943,958
1.38%, 04/14/26(b)		9,100		8,401,492
1.45%, 01/20/28(a)(b)		915		805,892
1.60%, 09/21/28(b)		610		517,713
4.90%, 04/04/28(a)(b)		4,433		4,365,377
4.90%, 01/11/29(a)(b)		2,100		2,079,913
5.50%, 08/28/26(a)(b)		2,170		2,184,123
5.50%, 07/18/28(a)(b)		4,075		4,126,473
Pine Street Trust I, 4.57%, 02/15/29 (Call 11/15/28)(b)		100		94,563
Pricoa Global Funding I
0.80%, 09/01/25(a)(b)		2,623		2,455,268
1.20%, 09/01/26(a)(b)		2,898		2,629,071
4.20%, 08/28/25(a)(b)		1,725		1,700,816
5.10%, 05/30/28(b)		3,920		3,918,871
5.55%, 08/28/26(b)		2,165		2,190,448
Principal Financial Group Inc.
3.10%, 11/15/26 (Call 08/15/26)(a)		2,325		2,204,426
3.40%, 05/15/25 (Call 02/15/25)		3,005		2,935,438
Principal Life Global Funding II
0.88%, 01/12/26(a)(b)		3,745		3,446,308
1.25%, 06/23/25(a)(b)		3,662		3,473,623
1.25%, 08/16/26(b)		6,240		5,644,616
1.50%, 11/17/26(b)		4,050		3,680,378
3.00%, 04/18/26(a)(b)		4,496		4,272,819
5.00%, 01/16/27(a)(b)		1,915		1,918,945
5.10%, 01/25/29(a)(b)		2,715		2,693,240
5.50%, 06/28/28(a)(b)		2,085		2,085,550
Progressive Corp. (The)
2.45%, 01/15/27(a)		3,629		3,383,441
2.50%, 03/15/27 (Call 02/15/27)(a)		4,130		3,844,131
Protective Life Corp., 4.30%, 09/30/28 (Call 06/30/28)(a)(b)		2,855		2,761,536
Protective Life Global Funding
1.17%, 07/15/25(a)(b)		2,677		2,529,202
1.30%, 09/20/26(a)(b)		2,860		2,587,672

S C H E D U L E  O F  I N V E S T M E N T S 165

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
1.62%, 04/15/26(a)(b)	$	3,722	$	3,443,017
1.90%, 07/06/28(b)		245		215,529
3.22%, 03/28/25(b)		2,765		2,706,549
4.71%, 07/06/27(a)(b)		2,510		2,473,392
4.99%, 01/12/27(a)(b)		1,950		1,944,511
5.21%, 04/14/26(a)(b)		3,105		3,096,820
5.37%, 01/06/26(b)		4,150		4,159,391
5.47%, 12/08/28(a)(b)		2,805		2,837,700
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)(a)		10,160		9,467,309
3.88%, 03/27/28 (Call 12/27/27)		3,443		3,306,761
4.50%, 09/15/47 (Call 09/15/27), (3-mo. LIBOR US + 2.380%)(a)(c)		4,515		4,210,701
5.38%, 05/15/45 (Call 05/15/25), (3-mo. LIBOR US + 3.031%)(a)(c)		6,516		6,415,444
5.70%, 09/15/48 (Call 09/15/28), (3-mo. LIBOR US + 2.665%)(a)(c)		665		646,175
Prudential Insurance Co. of America (The), 8.30%, 07/01/25(a)(b)		1,840		1,888,962
Reinsurance Group of America Inc., 3.95%, 09/15/26 (Call 06/15/26)(a)		3,919		3,811,781
Reliance Standard Life Global Funding II
1.51%, 09/28/26(b)		3,523		3,141,394
2.75%, 05/07/25(a)(b)		3,128		3,011,144
2.75%, 01/21/27(b)		1,330		1,213,442
4.93%, 09/01/27(b)		100		97,002
5.24%, 02/02/26(a)(b)		415		407,998
RenaissanceRe Finance Inc.
3.45%, 07/01/27 (Call 04/01/27)(a)		1,135		1,073,101
3.70%, 04/01/25 (Call 01/01/25)(a)		2,278		2,232,903
RGA Global Funding
2.00%, 11/30/26(a)(b)		2,510		2,284,112
2.70%, 01/18/29(a)(b)		2,130		1,869,863
6.00%, 11/21/28(a)(b)		2,250		2,296,644
Sammons Financial Group Inc., 4.45%, 05/12/27 (Call 02/12/27)(a)(b)		1,620		1,533,939
SBL Holdings Inc., 5.13%, 11/13/26 (Call 09/13/26)(a)(b)		2,799		2,624,846
SiriusPoint Ltd., 4.60%, 11/01/26 (Call 08/01/26)(a)(b)		1,545		1,460,778
Sumitomo Life Insurance Co., 4.00%, 09/14/77 (Call 09/14/27), (3-mo. LIBOR US + 2.993%)(b)(c)		65		61,003
Swiss Re America Holding Corp., 7.00%, 02/15/26(a)		165		169,425
Trinity Acquisition PLC, 4.40%, 03/15/26 (Call 12/15/25)		4,809		4,712,306
Unum Group, 3.88%, 11/05/25		2,000		1,935,280
Willis North America Inc.
4.50%, 09/15/28 (Call 06/15/28)		1,440		1,389,979
4.65%, 06/15/27 (Call 05/15/27)		5,870		5,761,038
				778,765,562
Internet — 1.6%
Alibaba Group Holding Ltd., 3.40%, 12/06/27 (Call 09/06/27)(a)		15,585		14,717,547
Alphabet Inc.
0.45%, 08/15/25 (Call 07/15/25)(a)		7,304		6,871,360
0.80%, 08/15/27 (Call 06/15/27)(a)		7,535		6,658,278
2.00%, 08/15/26 (Call 05/15/26)(a)		12,980		12,196,515
Amazon.com Inc.
0.80%, 06/03/25 (Call 05/03/25)		7,768		7,378,111

Security	Par (000)		Value
Internet (continued)
1.00%, 05/12/26 (Call 04/12/26)	$	16,802	$	15,465,780
1.20%, 06/03/27 (Call 04/03/27)		8,731		7,812,113
1.65%, 05/12/28 (Call 03/12/28)(a)		13,050		11,581,045
3.00%, 04/13/25		9,255		9,042,817
3.15%, 08/22/27 (Call 05/22/27)		23,083		21,914,358
3.30%, 04/13/27 (Call 03/13/27)		14,375		13,781,488
4.55%, 12/01/27 (Call 11/01/27)		14,079		14,035,901
4.60%, 12/01/25		7,712		7,677,707
5.20%, 12/03/25 (Call 09/03/25)		5,627		5,651,886
Baidu Inc.
1.63%, 02/23/27 (Call 01/23/27)(a)		2,140		1,925,529
1.72%, 04/09/26 (Call 03/09/26)(a)		3,115		2,878,959
3.08%, 04/07/25 (Call 03/07/25)(a)		4,378		4,255,372
3.63%, 07/06/27(a)		3,740		3,566,203
4.13%, 06/30/25(a)		1,995		1,951,669
4.38%, 03/29/28 (Call 12/29/27)(a)		3,790		3,668,988
4.88%, 11/14/28 (Call 08/14/28)		200		198,408
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		5,210		4,960,643
3.60%, 06/01/26 (Call 03/01/26)		6,204		6,012,483
3.65%, 03/15/25 (Call 12/15/24)(a)		3,088		3,035,876
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)(a)		4,692		4,327,325
1.90%, 03/11/25 (Call 02/11/25)(a)		4,968		4,795,444
3.60%, 06/05/27 (Call 03/05/27)		5,642		5,394,408
5.90%, 11/22/25 (Call 10/22/25)(a)		2,660		2,681,855
5.95%, 11/22/27 (Call 10/22/27)(a)		2,128		2,189,066
Expedia Group Inc.
3.80%, 02/15/28 (Call 11/15/27)(a)		7,055		6,672,456
4.63%, 08/01/27 (Call 05/01/27)		5,706		5,584,440
5.00%, 02/15/26 (Call 11/15/25)(a)		4,690		4,657,694
6.25%, 05/01/25 (Call 02/01/25)(b)		6,392		6,420,820
Meituan, 2.13%, 10/28/25 (Call 09/28/25)(a)(b)		4,695		4,423,180
Meta Platforms Inc.
3.50%, 08/15/27 (Call 07/15/27)(a)		17,544		16,815,591
4.60%, 05/15/28 (Call 04/15/28)(a)		10,740		10,693,045
Netflix Inc.
3.63%, 06/15/25 (Call 03/15/25)(b)		5,455		5,335,251
4.38%, 11/15/26		7,917		7,789,339
4.88%, 04/15/28(a)		11,562		11,538,648
5.88%, 11/15/28		13,425		13,894,463
Prosus NV
3.26%, 01/19/27 (Call 12/19/26)(a)(b)		4,250		3,911,794
4.85%, 07/06/27 (Call 04/06/27)(b)		396		380,576
Tencent Holdings Ltd.
1.81%, 01/26/26 (Call 12/26/25)(b)		4,509		4,227,189
3.58%, 04/11/26 (Call 02/11/26)(b)		3,850		3,718,727
3.60%, 01/19/28 (Call 10/19/27)(a)(b)		15,345		14,559,611
Tencent Music Entertainment Group, 1.38%, 09/03/25 (Call 08/03/25)(a)		1,977		1,860,098
VeriSign Inc.
4.75%, 07/15/27 (Call 04/01/24)(a)		5,360		5,256,797
5.25%, 04/01/25 (Call 01/01/25)		4,058		4,043,521
				338,410,374
Iron & Steel — 0.2%
ArcelorMittal SA
4.55%, 03/11/26(a)		2,920		2,876,639
6.55%, 11/29/27 (Call 10/29/27)(a)		7,985		8,316,313
Gerdau Trade Inc., 4.88%, 10/24/27(b)		625		608,735
Nucor Corp.
2.00%, 06/01/25 (Call 05/01/25)(a)		3,653		3,504,870

166 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Iron & Steel (continued)
3.95%, 05/23/25	$	3,465	$	3,410,711
3.95%, 05/01/28 (Call 02/01/28)(a)		755		730,252
4.30%, 05/23/27 (Call 04/23/27)		3,510		3,431,675
POSCO
4.38%, 08/04/25(b)		4,000		3,932,305
4.50%, 08/04/27(b)		592		574,445
5.63%, 01/17/26(b)		660		660,490
5.75%, 01/17/28(a)(b)		6,975		7,054,893
Reliance Inc., 1.30%, 08/15/25 (Call 07/15/25)		3,076		2,887,300
Steel Dynamics Inc.
1.65%, 10/15/27 (Call 08/15/27)(a)		1,054		935,093
2.40%, 06/15/25 (Call 05/15/25)		3,293		3,163,616
5.00%, 12/15/26 (Call 04/01/24)(a)		2,905		2,882,348
Vale Overseas Ltd., 6.25%, 08/10/26(a)		265		268,600
				45,238,285
Leisure Time — 0.1%
Harley-Davidson Financial Services Inc.
3.05%, 02/14/27 (Call 01/14/27)(a)(b)		3,576		3,350,930
3.35%, 06/08/25 (Call 05/08/25)(a)(b)		4,340		4,190,086
6.50%, 03/10/28 (Call 02/10/28)(a)(b)		5,190		5,321,820
Harley-Davidson Inc., 3.50%, 07/28/25 (Call 04/28/25)(a)		2,827		2,746,436
Royal Caribbean Cruises Ltd., 8.25%, 01/15/29 (Call 04/01/25)(a)(b)		50		53,034
				15,662,306
Lodging — 0.4%
Hyatt Hotels Corp.
4.38%, 09/15/28 (Call 06/15/28)		3,170		3,046,775
4.85%, 03/15/26 (Call 12/15/25)		2,628		2,597,592
5.38%, 04/23/25 (Call 03/23/25)(a)		2,787		2,781,453
5.75%, 01/30/27 (Call 12/30/26)(a)		3,685		3,731,720
Las Vegas Sands Corp., 3.50%, 08/18/26 (Call 06/18/26)		30		28,208
Marriott International Inc./MD 3.75%, 03/15/25 (Call 12/15/24)		2,054		2,015,387
3.75%, 10/01/25 (Call 07/01/25)		2,131		2,077,750
4.88%, 05/15/29 (Call 04/15/29)		1,230		1,213,581
5.00%, 10/15/27 (Call 09/15/27)(a)		7,261		7,231,008
5.45%, 09/15/26 (Call 08/15/26)(a)		1,930		1,938,573
5.55%, 10/15/28 (Call 09/15/28)		4,940		5,026,567
Series AA, 4.65%, 12/01/28 (Call 09/01/28)(a)		1,413		1,383,804
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		3,496		3,508,613
Series R, 3.13%, 06/15/26 (Call 03/15/26)		5,677		5,420,160
Series X, 4.00%, 04/15/28 (Call 01/15/28)		3,370		3,228,687
Sands China Ltd.
2.55%, 03/08/27 (Call 02/08/27)(a)		4,938		4,447,304
4.05%, 01/08/26 (Call 12/08/25)		4,820		4,621,910
5.13%, 08/08/25 (Call 06/08/25)		11,542		11,375,853
5.40%, 08/08/28 (Call 05/08/28)		12,500		12,197,002
				77,871,947
Machinery — 1.2%
Caterpillar Financial Services Corp.
0.80%, 11/13/25		6,349		5,918,394
0.90%, 03/02/26		4,923		4,546,568
1.10%, 09/14/27(a)		4,719		4,159,968
1.15%, 09/14/26(a)		3,169		2,888,897
1.45%, 05/15/25		4,019		3,843,047
1.70%, 01/08/27		3,224		2,966,565
2.40%, 08/09/26(a)		2,070		1,951,387

Security	Par (000)		Value
Machinery (continued)
3.40%, 05/13/25(a)	$	7,961	$	7,793,125
3.60%, 08/12/27(a)		4,593		4,423,125
3.65%, 08/12/25		5,263		5,157,314
4.35%, 05/15/26		8,050		7,956,001
4.50%, 01/08/27		2,400		2,384,082
4.80%, 01/06/26(a)		5,835		5,818,649
4.85%, 02/27/29		3,910		3,914,490
5.05%, 02/27/26(a)		3,725		3,727,119
5.15%, 08/11/25		5,300		5,300,190
5.40%, 03/10/25		968		970,188
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)(a)		4,016		3,673,406
1.88%, 01/15/26 (Call 12/15/25)		3,426		3,210,642
3.95%, 05/23/25		3,306		3,244,304
4.55%, 04/10/28 (Call 03/10/28)(a)		5,295		5,184,481
5.45%, 10/14/25(a)		2,535		2,537,793
5.50%, 01/12/29 (Call 12/12/28)(a)		1,940		1,966,459
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)(a)		2,423		2,324,931
Deere & Co., 2.75%, 04/15/25 (Call 03/15/25)		5,013		4,883,232
Dover Corp., 3.15%, 11/15/25 (Call 08/15/25)(a) .		2,845		2,741,119
John Deere Capital Corp.
0.70%, 01/15/26		6,260		5,794,316
1.05%, 06/17/26		4,145		3,800,322
1.30%, 10/13/26(a)		2,950		2,692,968
1.50%, 03/06/28(a)		1,680		1,481,857
1.70%, 01/11/27(a)		2,323		2,128,051
1.75%, 03/09/27(a)		3,620		3,312,764
2.25%, 09/14/26		3,416		3,198,325
2.35%, 03/08/27(a)		3,959		3,692,905
2.65%, 06/10/26		3,490		3,325,029
2.80%, 09/08/27		2,653		2,484,367
3.05%, 01/06/28(a)		1,325		1,250,943
3.40%, 06/06/25		6,820		6,677,107
3.40%, 09/11/25(a)		2,540		2,479,794
4.05%, 09/08/25(a)		5,535		5,457,834
4.15%, 09/15/27(a)		6,421		6,296,706
4.50%, 01/08/27(a)		3,450		3,423,362
4.50%, 01/16/29		5,085		5,007,556
4.75%, 06/08/26		4,270		4,257,177
4.75%, 01/20/28(a)		7,246		7,238,153
4.80%, 01/09/26(a)		7,915		7,895,087
4.90%, 03/03/28		5,470		5,500,951
4.95%, 06/06/25		4,245		4,239,492
4.95%, 07/14/28(a)		10,315		10,372,799
5.05%, 03/03/26(a)		2,725		2,732,038
Komatsu Finance America Inc., 5.50%, 10/06/27 (Call 09/06/27)(a)(b)		1,400		1,416,183
nVent Finance Sarl, 4.55%, 04/15/28 (Call 01/15/28)		870		839,844
Oshkosh Corp., 4.60%, 05/15/28 (Call 02/15/28)		835		813,314
Otis Worldwide Corp.
2.06%, 04/05/25 (Call 03/05/25)(a)		8,805		8,484,946
2.29%, 04/05/27 (Call 02/05/27)		3,296		3,049,677
5.25%, 08/16/28 (Call 07/16/28)(a)		6,080		6,126,398
Weir Group PLC (The), 2.20%, 05/13/26 (Call 04/13/26)(a)(b)		1,140		1,055,958
Westinghouse Air Brake Technologies Corp.
3.20%, 06/15/25 (Call 05/15/25)		3,574		3,465,908
3.45%, 11/15/26 (Call 08/15/26)		5,199		4,943,777

S C H E D U L E  O F  I N V E S T M E N T S 167

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
4.70%, 09/15/28 (Call 06/15/28)	$	9,134	$	8,910,194
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)(a)		3,388		3,029,551
3.25%, 11/01/26 (Call 08/01/26)(a)		3,639		3,475,100
				253,836,229
Machinery - Diversified — 0.1%
Ingersoll Rand Inc., 5.40%, 08/14/28 (Call 07/14/28)(a)		4,520		4,556,425
John Deere Capital Corp.
5.15%, 09/08/26		2,465		2,481,538
5.30%, 09/08/25(a)		2,740		2,752,008
Nordson Corp., 5.60%, 09/15/28 (Call 08/15/28)		2,120		2,155,240
				11,945,211
Manufacturing — 0.6%
3M Co.
2.25%, 09/19/26 (Call 06/19/26)(a)		4,668		4,349,240
2.65%, 04/15/25 (Call 03/15/25)(a)		3,213		3,110,477
2.88%, 10/15/27 (Call 07/15/27)(a)		5,844		5,410,122
3.00%, 08/07/25(a)		3,688		3,571,011
3.63%, 09/14/28 (Call 06/14/28)(a)		4,375		4,127,970
Carlisle Companies Inc., 3.75%, 12/01/27 (Call 09/01/27)		4,135		3,930,940
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)(a)		2,827		2,675,755
4.35%, 05/18/28 (Call 04/18/28)		2,890		2,846,264
GE Capital Funding LLC, 3.45%, 05/15/25 (Call 04/15/25)		1,273		1,243,300
GE Capital International Funding Co. Unlimited Co., 3.37%, 11/15/25		1,785		1,728,601
Illinois Tool Works Inc., 2.65%, 11/15/26 (Call 08/15/26)		6,785		6,449,038
Parker-Hannifin Corp.
3.25%, 03/01/27 (Call 12/01/26)		4,327		4,114,425
4.25%, 09/15/27 (Call 08/15/27)		8,178		8,003,624
Siemens Financieringsmaatschappij NV
1.20%, 03/11/26(b)		11,461		10,614,836
1.70%, 03/11/28(a)(b)		8,705		7,744,712
2.35%, 10/15/26(a)(b)		10,714		10,025,903
3.25%, 05/27/25(a)(b)		10,067		9,847,603
3.40%, 03/16/27(a)(b)		8,461		8,113,781
6.13%, 08/17/26(a)(b)		11,038		11,323,918
Teledyne Technologies Inc.
1.60%, 04/01/26 (Call 03/01/26)(a)		3,243		3,006,548
2.25%, 04/01/28 (Call 02/01/28)(a)		4,775		4,278,501
Textron Inc.
3.38%, 03/01/28 (Call 12/01/27)(a)		804		753,206
3.65%, 03/15/27 (Call 12/15/26)		2,664		2,548,423
3.88%, 03/01/25 (Call 12/01/24)		2,350		2,313,176
4.00%, 03/15/26 (Call 12/15/25)		2,458		2,391,631
				124,523,005
Media — 1.4%
Charter Communications
Operating LLC/Charter Communications
Operating Capital
2.25%, 01/15/29 (Call 11/15/28)(a)		7,591		6,405,385
3.75%, 02/15/28 (Call 11/15/27)		6,865		6,326,097
4.20%, 03/15/28 (Call 12/15/27)		9,256		8,676,246
4.91%, 07/23/25 (Call 04/23/25)		29,838		29,425,129
6.15%, 11/10/26 (Call 10/10/26)(a)		7,625		7,691,647

Security	Par (000)		Value
Media (continued)
Comcast Corp.
2.35%, 01/15/27 (Call 10/15/26)(a)	$	9,507	$	8,863,419
3.15%, 03/01/26 (Call 12/01/25)		14,838		14,319,760
3.15%, 02/15/28 (Call 11/15/27)		9,563		8,968,285
3.30%, 02/01/27 (Call 11/01/26)		8,259		7,912,996
3.30%, 04/01/27 (Call 02/01/27)		5,995		5,717,821
3.38%, 08/15/25 (Call 05/15/25)(a)		10,230		9,990,751
3.55%, 05/01/28 (Call 02/01/28)(a)		12,150		11,534,509
3.95%, 10/15/25 (Call 08/15/25)		20,168		19,816,302
4.15%, 10/15/28 (Call 07/15/28)		22,902		22,217,107
4.55%, 01/15/29 (Call 12/15/28)		3,120		3,069,631
5.25%, 11/07/25		6,030		6,057,078
5.35%, 11/15/27 (Call 10/15/27)		5,562		5,648,775
Cox Communications Inc.
3.35%, 09/15/26 (Call 06/15/26)(b)		7,576		7,206,275
3.50%, 08/15/27 (Call 05/15/27)(a)(b)		5,184		4,890,742
5.45%, 09/15/28 (Call 08/15/28)(a)(b)		1,575		1,587,548
Discovery Communications LLC
3.45%, 03/15/25 (Call 12/15/24)		2,344		2,288,516
3.95%, 06/15/25 (Call 03/15/25)		3,499		3,418,170
3.95%, 03/20/28 (Call 12/20/27)(a)		12,130		11,356,344
4.90%, 03/11/26 (Call 12/11/25)(a)		6,468		6,369,422
FactSet Research Systems Inc., 2.90%, 03/01/27 (Call 02/01/27)		3,805		3,545,882
Fox Corp.
3.05%, 04/07/25 (Call 03/07/25)		6,301		6,135,166
4.71%, 01/25/29 (Call 10/25/28)(a)		5,095		4,971,236
Paramount Global
2.90%, 01/15/27 (Call 10/15/26)(a)		2,629		2,368,704
3.38%, 02/15/28 (Call 11/15/27)		2,150		1,894,850
3.70%, 06/01/28 (Call 03/01/28)(a)		3,635		3,216,821
TCI Communications Inc.
7.13%, 02/15/28		950		1,024,736
7.88%, 02/15/26		3,636		3,819,144
Thomson Reuters Corp., 3.35%, 05/15/26 (Call 02/15/26)		3,629		3,482,650
TWDC Enterprises 18 Corp.
1.85%, 07/30/26(a)		6,871		6,389,104
2.95%, 06/15/27(a)		5,500		5,216,492
3.00%, 02/13/26(a)		6,622		6,378,725
3.15%, 09/17/25		5,454		5,290,590
Walt Disney Co. (The)
1.75%, 01/13/26		10,145		9,569,031
2.20%, 01/13/28(a)		6,972		6,356,741
3.38%, 11/15/26 (Call 08/15/26)		3,269		3,145,860
3.70%, 10/15/25 (Call 07/15/25)(a)		4,416		4,316,002
3.70%, 03/23/27(a)		3,843		3,723,736
				300,603,425
Metal Fabricate & Hardware — 0.0%
Precision Castparts Corp., 3.25%, 06/15/25 (Call 03/15/25)(a)		5,827		5,691,333
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28)(a)		3,070		2,980,395
				8,671,728
Mining — 0.7%
Alcoa Nederland Holding BV
5.50%, 12/15/27 (Call 04/02/24)(a)(b)		5,812		5,711,904
6.13%, 05/15/28 (Call 04/02/24)(a)(b)		3,300		3,300,604
Anglo American Capital PLC
2.25%, 03/17/28 (Call 01/17/28)(b)		4,165		3,671,158

168 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mining (continued)
4.00%, 09/11/27(a)(b)	$	4,440	$	4,230,352
4.50%, 03/15/28 (Call 12/15/27)(a)(b)		5,135		4,943,954
4.75%, 04/10/27(b)		4,912		4,806,376
4.88%, 05/14/25(b)		2,742		2,712,026
AngloGold Ashanti Holdings PLC, 3.38%, 11/01/28 (Call 09/01/28)(a)		670		600,103
BHP Billiton Finance USA Ltd.
4.75%, 02/28/28 (Call 01/28/28)		7,198		7,149,327
4.88%, 02/27/26		5,150		5,127,822
5.10%, 09/08/28 (Call 08/08/28)(a)		8,805		8,858,596
5.25%, 09/08/26		6,417		6,456,713
6.42%, 03/01/26(a)		2,926		2,997,630
Corp. Nacional del Cobre de Chile
3.63%, 08/01/27 (Call 05/01/27)(a)(b)		9,331		8,761,003
4.50%, 09/16/25(b)		315		308,505
Freeport Indonesia PT, 4.76%, 04/14/27 (Call 03/14/27)(a)(b)		6,420		6,243,736
Freeport-McMoRan Inc.
4.13%, 03/01/28 (Call 04/01/24)(a)		3,447		3,270,514
4.38%, 08/01/28 (Call 04/01/24)(a)		4,505		4,285,681
5.00%, 09/01/27 (Call 04/01/24)(a)		3,427		3,369,329
Glencore Funding LLC
1.63%, 09/01/25 (Call 08/01/25)(b)		6,354		6,001,755
1.63%, 04/27/26 (Call 03/27/26)(b)		4,455		4,120,159
3.88%, 10/27/27 (Call 07/27/27)(b)		1,363		1,296,335
4.00%, 04/16/25(b)		3,386		3,327,123
4.00%, 03/27/27 (Call 12/27/26)(a)(b)		6,870		6,610,164
5.40%, 05/08/28 (Call 04/08/28)(b)		6,515		6,550,646
6.13%, 10/06/28 (Call 09/06/28)(b)		3,820		3,942,850
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT
4.75%, 05/15/25 (Call 04/15/25)(b)		10,393		10,258,438
6.53%, 11/15/28(a)(b)		2,879		2,965,545
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27)(a)		3,458		3,360,691
Newcastle Coal Infrastructure Group Pty. Ltd.,
4.40%, 09/29/27 (Call 06/29/27)(a)(b)		872		819,665
Rio Tinto Finance USA Ltd., 7.13%, 07/15/28(a) .		6,135		6,682,451
Southern Copper Corp., 3.88%, 04/23/25		3,829		3,752,192
Yamana Gold Inc., 4.63%, 12/15/27 (Call 09/15/27)		2,140		2,051,163
				148,544,510
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp.
2.67%, 12/01/26 (Call 11/01/26)(a)		6,370		5,899,830
3.25%, 02/15/29 (Call 04/01/24)		1,585		1,413,257
3.28%, 12/01/28 (Call 10/01/28)		2,888		2,583,547
4.13%, 05/01/25 (Call 04/01/24)		4,141		4,055,489
4.25%, 04/01/28 (Call 04/01/24)(a)		5,580		5,306,915
				19,259,038
Oil & Gas — 3.1%
Aker BP ASA
2.00%, 07/15/26 (Call 06/15/26)(b)		4,799		4,420,100
5.60%, 06/13/28 (Call 05/13/28)(b)		4,380		4,420,977
Apache Corp., 4.38%, 10/15/28 (Call 07/15/28) .		1,120		1,050,874
BP Capital Markets America Inc.
3.02%, 01/16/27 (Call 10/16/26)(a)		5,737		5,450,680
3.12%, 05/04/26 (Call 02/04/26)(a)		6,317		6,070,951
3.41%, 02/11/26 (Call 12/11/25)		6,860		6,652,286
3.54%, 04/06/27 (Call 02/06/27)(a)		3,496		3,356,594

Security	Par (000)		Value
Oil & Gas (continued)
3.59%, 04/14/27 (Call 01/14/27)(a)	$	4,236	$	4,072,694
3.80%, 09/21/25 (Call 07/21/25)(a)		5,616		5,508,351
3.94%, 09/21/28 (Call 06/21/28)		12,660		12,166,100
4.23%, 11/06/28 (Call 08/06/28)(a)		6,770		6,580,930
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)		9,384		8,884,173
3.72%, 11/28/28 (Call 08/28/28)		7,220		6,856,978
4.38%, (Call 06/22/25), (5-year CMT + 4.036%)(a)(c)(d)		16,392		16,152,146
Canadian Natural Resources Ltd.
2.05%, 07/15/25 (Call 06/15/25)		4,258		4,063,233
3.85%, 06/01/27 (Call 03/01/27)		8,690		8,328,793
Cenovus Energy Inc., 4.25%, 04/15/27 (Call 01/15/27)		1,782		1,726,146
Chevron Corp.
1.55%, 05/11/25 (Call 04/11/25)(a)		16,232		15,574,790
2.00%, 05/11/27 (Call 03/11/27)		6,624		6,093,621
2.95%, 05/16/26 (Call 02/16/26)(a)		14,458		13,888,984
3.33%, 11/17/25 (Call 08/17/25)		5,085		4,961,572
Chevron USA Inc.
0.69%, 08/12/25 (Call 07/12/25)		5,393		5,071,490
1.02%, 08/12/27 (Call 06/12/27)(a)		4,594		4,061,923
3.85%, 01/15/28 (Call 10/15/27)(a)		4,050		3,941,179
CNOOC Finance 2015 USA LLC, 3.50%, 05/05/25		16,475		16,131,990
ConocoPhillips Co., 2.40%, 03/07/25 (Call 03/11/24)		1,138		1,105,548
Continental Resources Inc./OK
2.27%, 11/15/26 (Call 04/01/24)(b)		5,356		4,915,322
4.38%, 01/15/28 (Call 10/15/27)		6,803		6,540,172
Coterra Energy Inc., 3.90%, 05/15/27 (Call 02/15/27)		5,228		5,027,796
Devon Energy Corp.
5.25%, 10/15/27 (Call 03/11/24)(a)		3,370		3,362,650
5.85%, 12/15/25 (Call 09/15/25)		4,021		4,044,274
5.88%, 06/15/28 (Call 03/11/24)(a)		740		744,465
Diamondback Energy Inc., 3.25%, 12/01/26 (Call 10/01/26)(a)		4,983		4,763,019
Empresa Nacional del Petroleo, 3.75%, 08/05/26 (Call 05/05/26)(b)		3,612		3,422,286
Eni SpA, Series X-R, 4.75%, 09/12/28(a)(b)		2,882		2,851,713
Eni USA Inc., 7.30%, 11/15/27(a)		4,567		4,853,775
EOG Resources Inc.
3.15%, 04/01/25 (Call 01/01/25)		4,004		3,914,470
4.15%, 01/15/26 (Call 10/15/25)(a)		5,231		5,151,070
EQT Corp.
3.13%, 05/15/26 (Call 04/01/24)(a)(b)		2,741		2,592,163
3.90%, 10/01/27 (Call 07/01/27)		8,100		7,662,683
5.00%, 01/15/29 (Call 07/15/28)(a)		1,842		1,795,189
5.70%, 04/01/28 (Call 03/01/28)(a)		3,993		4,021,515
Equinor ASA
1.75%, 01/22/26 (Call 12/22/25)		12,928		12,174,104
2.88%, 04/06/25 (Call 03/06/25)		20,337		19,850,574
3.00%, 04/06/27 (Call 02/06/27)(a)		6,284		5,944,929
3.63%, 09/10/28 (Call 06/10/28)(a)		2,880		2,756,725
6.50%, 12/01/28(a)(b)		3,500		3,736,090
6.80%, 01/15/28(a)		660		700,231
7.15%, 11/15/25(a)		2,534		2,613,831
7.15%, 01/15/29(a)		1,550		1,688,916
7.25%, 09/23/27(a)		1,419		1,527,584

S C H E D U L E  O F  I N V E S T M E N T S 169

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
Exxon Mobil Corp.
2.28%, 08/16/26 (Call 06/16/26)(a)	$	6,603	$	6,238,902
3.04%, 03/01/26 (Call 12/01/25)(a)		15,811		15,255,304
3.29%, 03/19/27 (Call 01/19/27)(a)		7,186		6,922,626
GS Caltex Corp., 4.50%, 01/05/26(b)		2,080		2,039,450
Hess Corp., 4.30%, 04/01/27 (Call 01/01/27)(a)		7,212		7,035,927
HF Sinclair Corp.
5.00%, 02/01/28 (Call 03/11/24)(b)		535		515,184
5.88%, 04/01/26 (Call 01/01/26)(a)		5,600		5,617,305
6.38%, 04/15/27 (Call 04/15/24)(b)		215		215,367
KazMunayGas National Co. JSC, 4.75%, 04/19/27(a)(b)		6,725		6,492,530
Kunlun Energy Co. Ltd., 3.75%, 05/13/25(b)		210		205,736
Marathon Oil Corp., 4.40%, 07/15/27 (Call 04/15/27)		6,968		6,769,170
Marathon Petroleum Corp.
3.80%, 04/01/28 (Call 01/01/28)(a)		2,340		2,229,162
4.70%, 05/01/25 (Call 04/01/25)		9,146		9,059,579
5.13%, 12/15/26 (Call 09/15/26)		4,944		4,938,630
Occidental Petroleum Corp.
3.40%, 04/15/26 (Call 01/15/26)(a)		890		851,944
5.50%, 12/01/25 (Call 09/01/25)		3,545		3,536,550
5.55%, 03/15/26 (Call 12/15/25)(a)		6,660		6,667,308
5.88%, 09/01/25 (Call 06/01/25)(a)		4,885		4,896,724
6.38%, 09/01/28 (Call 03/01/28)(a)		7,435		7,702,068
8.50%, 07/15/27 (Call 01/15/27)(a)		3,530		3,829,062
Ovintiv Inc.
5.38%, 01/01/26 (Call 10/01/25)		3,298		3,282,022
5.65%, 05/15/25(a)		4,465		4,465,880
5.65%, 05/15/28 (Call 04/15/28)(a)		5,545		5,594,359
Patterson-UTI Energy Inc., 3.95%, 02/01/28 (Call 11/01/27)(a)		560		524,363
Pertamina Persero PT, 1.40%, 02/09/26 (Call 01/09/26)(a)(b)		6,809		6,288,111
Petroliam Nasional Bhd, 7.63%, 10/15/26(a)(b)		2,113		2,235,195
Petronas Capital Ltd., 3.50%, 03/18/25(b)		11,158		10,923,905
Petronas Energy Canada Ltd., 2.11%, 03/23/28 (Call 01/23/28)(b)		5,260		4,706,148
Phillips 66
1.30%, 02/15/26 (Call 01/15/26)		3,627		3,356,240
3.85%, 04/09/25 (Call 03/09/25)		4,802		4,720,086
3.90%, 03/15/28 (Call 12/15/27)		4,937		4,755,888
Phillips 66 Co.
3.55%, 10/01/26 (Call 07/01/26)		3,179		3,050,601
3.75%, 03/01/28 (Call 12/01/27)		4,800		4,576,837
4.95%, 12/01/27 (Call 11/01/27)(a)		5,506		5,487,651
Pioneer Natural Resources Co.
1.13%, 01/15/26 (Call 12/15/25)		2,378		2,207,130
5.10%, 03/29/26		5,540		5,533,973
PTTEP Treasury Center Co. Ltd., 2.59%, 06/10/27 (Call 04/10/27)(b)		345		316,713
Qatar Energy, 1.38%, 09/12/26 (Call 08/12/26)(b)		12,863		11,733,860
Raizen Fuels Finance SA, 5.30%, 01/20/27(a)(b) .		591		588,342
Ras Laffan Liquefied Natural Gas Co. Ltd. 3
5.84%, 09/30/27(a)(b)		1,777		1,788,910
6.33%, 09/30/27(b)		4,083		4,140,205
Reliance Industries Ltd., 3.67%, 11/30/27(a)(b)		540		509,865
SA Global Sukuk Ltd., 1.60%, 06/17/26 (Call 05/17/26)(b)		13,330		12,256,722

Security	Par (000)		Value
Oil & Gas (continued)
Saudi Arabian Oil Co., 1.63%, 11/24/25 (Call 10/24/25)(a)(b)	$	10,231	$	9,582,805
Shell International Finance BV
2.50%, 09/12/26(a)		6,531		6,167,791
2.88%, 05/10/26		11,420		10,929,182
3.25%, 05/11/25		18,417		18,011,202
3.88%, 11/13/28 (Call 08/13/28)(a)		3,424		3,304,442
Sinopec Group Overseas Development 2015 Ltd., 3.25%, 04/28/25(b)		10,951		10,694,493
Sinopec Group Overseas Development 2016 Ltd.
2.75%, 09/29/26(b)		5,513		5,203,831
3.50%, 05/03/26(a)(b)		6,007		5,811,472
Sinopec Group Overseas Development 2017 Ltd.
3.25%, 09/13/27(a)(b)		5,450		5,157,123
3.63%, 04/12/27(a)(b)		5,464		5,260,863
Sinopec Group Overseas Development 2018 Ltd.
1.45%, 01/08/26 (Call 12/08/25)(a)(b)		9,662		9,047,785
2.15%, 05/13/25 (Call 04/13/25)(a)(b)		9,679		9,306,406
4.13%, 09/12/25(b)		3,697		3,632,447
Suncor Energy Inc.
7.00%, 11/15/28(a)		2,250		2,401,857
7.88%, 06/15/26(a)		1,670		1,752,708
Tengizchevroil Finance Co. International Ltd.
2.63%, 08/15/25 (Call 05/15/25)(b)		3,860		3,625,119
4.00%, 08/15/26(a)(b)		5,320		4,982,169
Thaioil Treasury Center Co. Ltd., 4.63%, 11/20/28(b)		110		106,763
TotalEnergies Capital International SA, 3.46%, 02/19/29 (Call 11/19/28)(a)		2,850		2,676,260
TotalEnergies Capital SA, 3.88%, 10/11/28		8,870		8,550,578
Valero Energy Corp.
2.15%, 09/15/27 (Call 07/15/27)(a)		4,136		3,747,926
2.85%, 04/15/25 (Call 03/15/25)		640		621,557
3.40%, 09/15/26 (Call 06/15/26)(a)		1,241		1,185,642
4.35%, 06/01/28 (Call 03/01/28)(a)		5,176		5,037,559
Var Energi ASA
5.00%, 05/18/27 (Call 04/18/27)(b)		2,060		2,002,919
7.50%, 01/15/28 (Call 12/15/27)(b)		7,701		8,109,435
Woodside Finance Ltd.
3.65%, 03/05/25 (Call 12/05/24)(b)		7,293		7,131,615
3.70%, 09/15/26 (Call 06/15/26)(b)		5,299		5,061,442
3.70%, 03/15/28 (Call 12/15/27)(a)(b)		6,510		6,063,890
				662,477,464
Oil & Gas Services — 0.2%
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
2.06%, 12/15/26 (Call 11/15/26)		4,191		3,865,312
3.34%, 12/15/27 (Call 09/15/27)		9,095		8,575,813
Halliburton Co., 3.80%, 11/15/25 (Call 08/15/25)		3,573		3,490,591
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25 (Call 08/17/25)		3,727		3,521,853
Schlumberger Holdings Corp.
3.90%, 05/17/28 (Call 02/17/28)(a)(b)		8,575		8,223,198
4.00%, 12/21/25 (Call 09/21/25)(a)(b)		3,836		3,755,842

170 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas Services (continued)
Schlumberger Investment SA, 4.50%, 05/15/28 (Call 04/15/28)(a)	$	6,455	$	6,394,999
				37,827,608
Packaging & Containers — 0.3%
Amcor Finance USA Inc.
3.63%, 04/28/26 (Call 01/28/26)		3,401		3,274,107
4.50%, 05/15/28 (Call 02/15/28)		980		952,778
Amcor Flexibles North America Inc.
3.10%, 09/15/26 (Call 06/15/26)(a)		2,133		1,991,758
4.00%, 05/17/25 (Call 04/17/25)		3,747		3,675,368
Berry Global Inc.
1.57%, 01/15/26 (Call 12/15/25)(a)		9,721		9,051,875
1.65%, 01/15/27 (Call 12/15/26)(a)		2,585		2,327,844
4.88%, 07/15/26 (Call 04/01/24)(a)(b)		8,351		8,154,150
5.50%, 04/15/28 (Call 03/15/28)(a)(b)		4,035		4,009,158
Brambles USA Inc., 4.13%, 10/23/25 (Call 07/25/25)(a)(b)		2,639		2,578,124
CCL Industries Inc., 3.25%, 10/01/26 (Call 07/01/26)(a)(b)		2,295		2,163,020
Graphic Packaging International LLC, 1.51%, 04/15/26 (Call 03/15/26)(a)(b)		2,787		2,547,614
Packaging Corp. of America, 3.40%, 12/15/27 (Call 09/15/27)		3,973		3,754,187
Sealed Air Corp., 1.57%, 10/15/26 (Call 09/15/26)(a)(b)		4,053		3,647,530
Silgan Holdings Inc., 1.40%, 04/01/26 (Call 03/01/26)(a)(b)		3,440		3,140,158
Sonoco Products Co., 2.25%, 02/01/27 (Call 01/01/27)		2,172		1,994,548
WRKCo Inc.
3.38%, 09/15/27 (Call 06/15/27)		3,505		3,298,021
3.75%, 03/15/25 (Call 01/15/25)		4,603		4,518,037
3.90%, 06/01/28 (Call 03/01/28)		1,130		1,070,926
4.00%, 03/15/28 (Call 12/15/27)		5,105		4,873,081
4.65%, 03/15/26 (Call 01/15/26)		5,204		5,136,527
				72,158,811
Pharmaceuticals — 3.8%
AbbVie Inc.
2.95%, 11/21/26 (Call 09/21/26)(a)		25,611		24,283,373
3.20%, 05/14/26 (Call 02/14/26)		13,080		12,591,984
3.60%, 05/14/25 (Call 02/14/25)		23,999		23,519,291
4.25%, 11/14/28 (Call 08/14/28)(a)		10,155		9,922,324
4.80%, 03/15/27 (Call 02/15/27)		13,325		13,287,216
4.80%, 03/15/29 (Call 02/15/29)		13,325		13,263,531
Astrazeneca Finance LLC
1.20%, 05/28/26 (Call 04/28/26)(a)		8,085		7,436,426
1.75%, 05/28/28 (Call 03/28/28)		7,324		6,474,831
4.80%, 02/26/27 (Call 01/26/27)		6,300		6,285,132
4.85%, 02/26/29 (Call 01/26/29)		7,585		7,582,397
4.88%, 03/03/28 (Call 02/03/28)		7,955		7,947,460
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)		7,878		7,208,743
3.13%, 06/12/27 (Call 03/12/27)		5,147		4,890,977
3.38%, 11/16/25(a)		13,383		13,015,483
4.00%, 01/17/29 (Call 10/17/28)		3,145		3,038,272
Bayer Corp., 6.65%, 02/15/28(b)		595		605,872
Bayer U.S. Finance II LLC
4.25%, 12/15/25 (Call 10/15/25)(b)		16,740		16,276,383
4.38%, 12/15/28 (Call 09/15/28)(b)		22,422		20,886,382
5.50%, 08/15/25(a)(b)		1,161		1,148,859

Security	Par (000)		Value
Pharmaceuticals (continued)
Bayer U.S. Finance LLC
6.13%, 11/21/26 (Call 10/21/26)(a)(b)	$	6,290	$	6,334,640
6.25%, 01/21/29 (Call 12/21/28)(b)		6,370		6,417,620
Becton Dickinson and Co.
3.70%, 06/06/27 (Call 03/06/27)		11,754		11,268,463
4.69%, 02/13/28 (Call 01/13/28)		6,273		6,180,565
4.87%, 02/08/29 (Call 01/08/29)		2,750		2,715,549
Bristol-Myers Squibb Co.
0.75%, 11/13/25 (Call 10/13/25)		7,123		6,625,702
1.13%, 11/13/27 (Call 09/13/27)(a)		7,039		6,170,923
3.20%, 06/15/26 (Call 04/15/26)		11,280		10,854,803
3.25%, 02/27/27(a)		3,813		3,661,032
3.45%, 11/15/27 (Call 08/15/27)(a)		2,365		2,256,446
3.90%, 02/20/28 (Call 11/20/27)		10,635		10,267,847
4.90%, 02/22/27 (Call 01/22/27)		2,890		2,886,769
4.90%, 02/22/29 (Call 01/22/29)		7,425		7,407,533
4.95%, 02/20/26		4,595		4,587,147
6.80%, 11/15/26		725		757,794
Cardinal Health Inc.
3.41%, 06/15/27 (Call 03/15/27)		8,082		7,663,314
3.75%, 09/15/25 (Call 06/15/25)		3,864		3,769,123
5.13%, 02/15/29 (Call 01/15/29)		4,390		4,370,607
Cencora Inc.
3.25%, 03/01/25 (Call 12/01/24)		4,605		4,505,435
3.45%, 12/15/27 (Call 09/15/27)		5,115		4,845,565
Cigna Group (The)
1.25%, 03/15/26 (Call 02/15/26)(a)		2,284		2,109,954
3.05%, 10/15/27 (Call 07/15/27)		2,451		2,291,022
3.25%, 04/15/25 (Call 01/15/25)		5,385		5,256,123
3.40%, 03/01/27 (Call 12/01/26)(a)		8,899		8,472,664
4.38%, 10/15/28 (Call 07/15/28)		33,885		32,889,967
4.50%, 02/25/26 (Call 11/27/25)		5,414		5,338,703
5.69%, 03/15/26 (Call 03/15/24)		940		939,980
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)		12,446		10,942,432
2.88%, 06/01/26 (Call 03/01/26)		11,498		10,925,944
3.00%, 08/15/26 (Call 06/15/26)(a)		4,782		4,540,513
3.63%, 04/01/27 (Call 02/01/27)		2,596		2,491,245
3.88%, 07/20/25 (Call 04/20/25)		18,433		18,056,688
4.10%, 03/25/25 (Call 01/25/25)		6,427		6,345,173
4.30%, 03/25/28 (Call 12/25/27)		40,981		39,772,093
5.00%, 02/20/26 (Call 01/20/26)(a)		9,717		9,672,901
5.00%, 01/30/29 (Call 12/30/28)		265		264,136
6.25%, 06/01/27(a)		6,507		6,742,651
Eli Lilly & Co.
2.75%, 06/01/25 (Call 03/01/25)		4,747		4,618,137
3.10%, 05/15/27 (Call 02/15/27)(a)		1,603		1,524,791
4.50%, 02/09/27 (Call 01/09/27)(a)		6,350		6,325,281
4.50%, 02/09/29 (Call 01/09/29)(a)		6,340		6,303,711
5.00%, 02/27/26 (Call 03/11/24)		100		99,960
5.50%, 03/15/27(a)		3,290		3,373,061
EMD Finance LLC, 3.25%, 03/19/25 (Call 12/19/24)(a)(b)		11,088		10,838,254
Evernorth Health Inc., 4.50%, 02/25/26 (Call 11/27/25)(a)		1,187		1,167,041
GlaxoSmithKline Capital Inc.
3.63%, 05/15/25		7,436		7,306,688
3.88%, 05/15/28(a)		15,464		14,956,401
Johnson & Johnson
0.55%, 09/01/25 (Call 08/01/25)(a)		5,926		5,559,652
0.95%, 09/01/27 (Call 07/01/27)		9,320		8,246,576

S C H E D U L E  O F  I N V E S T M E N T S 171

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
2.45%, 03/01/26 (Call 12/01/25)	$	13,553	$	12,969,404
2.90%, 01/15/28 (Call 10/15/27)(a)		9,492		8,981,270
2.95%, 03/03/27 (Call 12/03/26)		6,618		6,330,207
McKesson Corp.
0.90%, 12/03/25 (Call 11/03/25)(a)		3,977		3,691,142
1.30%, 08/15/26 (Call 07/15/26)(a)		3,926		3,583,641
3.95%, 02/16/28 (Call 11/16/27)(a)		3,038		2,950,666
4.90%, 07/15/28 (Call 06/15/28)(a)		3,843		3,843,559
5.25%, 02/15/26 (Call 04/01/24)(a)		3,778		3,778,044
Mead Johnson Nutrition Co., 4.13%, 11/15/25 (Call 08/15/25)(a)		5,616		5,511,772
Merck & Co. Inc.
0.75%, 02/24/26 (Call 01/24/26)(a)		6,827		6,311,096
1.70%, 06/10/27 (Call 05/10/27)		9,803		8,880,283
1.90%, 12/10/28 (Call 10/10/28)(a)		1,835		1,619,517
4.05%, 05/17/28 (Call 04/17/28)		3,540		3,469,819
Merck Sharp & Dohme Corp.
5.95%, 12/01/28		1,070		1,122,345
6.40%, 03/01/28(a)		540		571,253
Mylan Inc., 4.55%, 04/15/28 (Call 01/15/28)		6,318		6,091,766
Novartis Capital Corp.
2.00%, 02/14/27 (Call 12/14/26)(a)		8,172		7,574,037
3.00%, 11/20/25 (Call 08/20/25)(a)		11,935		11,564,631
3.10%, 05/17/27 (Call 02/17/27)(a)		6,531		6,218,379
Pfizer Inc.
0.80%, 05/28/25 (Call 04/28/25)(a)		4,632		4,396,800
2.75%, 06/03/26(a)		8,270		7,915,414
3.00%, 12/15/26(a)		11,003		10,494,653
3.60%, 09/15/28 (Call 06/15/28)(a)		1,355		1,294,817
Pfizer Investment Enterprises Pte Ltd.
4.45%, 05/19/26 (Call 04/19/26)		19,313		19,071,379
4.45%, 05/19/28 (Call 04/19/28)(a)		31,535		30,920,063
4.65%, 05/19/25(a)		19,825		19,702,052
PRA Health Sciences Inc., 2.88%, 07/15/26 (Call 04/01/24)(a)(b)		770		711,818
Sanofi SA, 3.63%, 06/19/28 (Call 03/19/28)		545		526,352
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)		19,203		18,291,737
Takeda Pharmaceutical Co. Ltd., 5.00%, 11/26/28 (Call 08/26/28)		12,545		12,524,320
Utah Acquisition Sub Inc., 3.95%, 06/15/26 (Call 03/15/26)		14,226		13,730,593
Viatris Inc.
1.65%, 06/22/25 (Call 05/22/25)		5,279		5,010,125
2.30%, 06/22/27 (Call 04/22/27)(a)		5,072		4,587,825
Zoetis Inc.
3.00%, 09/12/27 (Call 06/12/27)(a)		5,080		4,750,485
3.90%, 08/20/28 (Call 05/20/28)(a)		1,450		1,393,700
4.50%, 11/13/25 (Call 08/13/25)		5,898		5,825,879
5.40%, 11/14/25 (Call 10/14/25)(a)		4,450		4,458,170
				821,252,568
Pipelines — 2.7%
Boardwalk Pipelines LP
4.45%, 07/15/27 (Call 04/15/27)		3,680		3,586,615
5.95%, 06/01/26 (Call 03/01/26)(a)		3,877		3,907,497
Cheniere Corpus Christi Holdings LLC
5.13%, 06/30/27 (Call 01/01/27)		8,469		8,430,552
5.88%, 03/31/25 (Call 10/02/24)(a)		11,029		11,028,727
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 03/11/24)		5,282		5,070,089

Security	Par (000)		Value
Pipelines (continued)
Colonial Pipeline Co., 3.75%, 10/01/25 (Call 07/01/25)(a)(b)	$	2,070	$	2,018,206
Colorado Interstate Gas Co. LLC/Colorado Interstate Issuing Corp., 4.15%, 08/15/26 (Call 05/15/26)(a)(b)		2,571		2,483,161
Columbia Pipeline Group Inc., 4.50%, 06/01/25 (Call 03/01/25)		7,497		7,388,519
Columbia Pipelines Holding Co. LLC
6.04%, 08/15/28 (Call 07/15/28)(a)(b)		9,930		10,113,304
6.06%, 08/15/26 (Call 07/15/26)(b)		2,040		2,064,491
DCP Midstream Operating LP
5.38%, 07/15/25 (Call 04/15/25)		6,545		6,530,413
5.63%, 07/15/27 (Call 04/15/27)(a)		3,961		3,974,337
Enbridge Energy Partners LP, 5.88%, 10/15/25 (Call 07/15/25)(a)		3,493		3,515,772
Enbridge Inc.
1.60%, 10/04/26 (Call 09/04/26)		3,198		2,923,427
3.70%, 07/15/27 (Call 04/15/27)		4,716		4,507,464
4.25%, 12/01/26 (Call 09/01/26)		4,957		4,850,452
5.50%, 07/15/77 (Call 07/15/27), (3-mo. SOFR + 3.680%)(a)(c)		6,433		5,981,232
5.90%, 11/15/26 (Call 10/15/26)(a)		5,010		5,103,653
5.97%, 03/08/26 (Call 03/08/24)(a)		4,535		4,533,783
6.00%, 11/15/28 (Call 10/15/28)(a)		5,955		6,167,079
6.25%, 03/01/78 (Call 03/01/28), (3-mo. SOFR + 3.903%)(c)		5,230		4,991,675
7.38%, 01/15/83 (Call 10/15/27), (5-year CMT + 3.708%)(a)(c)		3,235		3,241,793
8.25%, 01/15/84 (Call 10/15/28), (5-year CMT + 3.785%)(c)		50		51,869
Series 16-A, 6.00%, 01/15/77 (Call 01/15/27), (3-mo. SOFR + 4.152%)(a)(c)		4,298		4,176,198
Energy Transfer LP
2.90%, 05/15/25 (Call 04/15/25)		6,818		6,601,657
3.90%, 07/15/26 (Call 04/15/26)		3,712		3,593,242
4.00%, 10/01/27 (Call 07/01/27)		5,009		4,794,240
4.05%, 03/15/25 (Call 12/15/24)(a)		6,820		6,710,545
4.20%, 04/15/27 (Call 01/15/27)(a)		4,276		4,147,941
4.40%, 03/15/27 (Call 12/15/26)		4,926		4,800,709
4.75%, 01/15/26 (Call 10/15/25)(a)		6,459		6,384,285
4.95%, 05/15/28 (Call 02/15/28)(a)		6,336		6,253,070
4.95%, 06/15/28 (Call 03/15/28)		6,444		6,346,970
5.50%, 06/01/27 (Call 03/01/27)		6,495		6,517,261
5.55%, 02/15/28 (Call 01/15/28)(a)		6,425		6,474,569
5.63%, 05/01/27 (Call 03/18/24)(a)(b)		1,950		1,932,489
5.95%, 12/01/25 (Call 09/01/25)(a)		2,622		2,637,752
6.00%, 02/01/29 (Call 04/01/24)(a)(b)		2,400		2,406,624
6.05%, 12/01/26 (Call 11/01/26)		6,385		6,498,034
6.10%, 12/01/28 (Call 11/01/28)(a)		3,605		3,726,370
Enterprise Products Operating LLC
3.70%, 02/15/26 (Call 11/15/25)(a)		6,108		5,957,050
3.95%, 02/15/27 (Call 11/15/26)		3,740		3,649,570
4.15%, 10/16/28 (Call 07/16/28)		8,008		7,728,858
4.60%, 01/11/27 (Call 12/11/26)(a)		3,800		3,772,468
5.05%, 01/10/26		5,215		5,211,416
5.38%, 02/15/78 (Call 02/15/28), (3-mo. SOFR + 2.832%)(c)		3,250		3,004,353
Series E, 5.25%, 08/16/77 (Call 08/16/27), (3-mo. SOFR + 3.295%)(c)		6,465		6,132,904

172 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
Florida Gas Transmission Co. LLC, 4.35%, 07/15/25 (Call 04/15/25)(a)(b)	$	3,996	$	3,920,685
Galaxy Pipeline Assets Bidco Ltd., 1.75%, 09/30/27(b)		270		252,428
Gray Oak Pipeline LLC
2.60%, 10/15/25 (Call 09/15/25)(b)		4,427		4,211,649
3.45%, 10/15/27 (Call 08/15/27)(a)(b)		1,750		1,630,304
Gulfstream Natural Gas System LLC
4.60%, 09/15/25 (Call 06/15/25)(a)(b)		3,526		3,464,078
6.19%, 11/01/25(a)(b)		2,808		2,817,755
Kinder Morgan Inc.
1.75%, 11/15/26 (Call 10/15/26)		3,403		3,107,925
4.30%, 06/01/25 (Call 03/01/25)		10,659		10,503,449
4.30%, 03/01/28 (Call 12/01/27)		9,724		9,432,017
5.00%, 02/01/29 (Call 01/01/29)		4,860		4,817,414
Magellan Midstream Partners LP, 5.00%, 03/01/26 (Call 12/01/25)(a)		4,565		4,530,109
MPLX LP
1.75%, 03/01/26 (Call 02/01/26)(a)		10,215		9,529,663
4.00%, 03/15/28 (Call 12/15/27)(a)		10,706		10,264,937
4.13%, 03/01/27 (Call 12/01/26)		8,396		8,141,145
4.25%, 12/01/27 (Call 09/01/27)(a)		4,980		4,819,719
4.80%, 02/15/29 (Call 11/15/28)(a)		1,750		1,713,835
4.88%, 06/01/25 (Call 03/01/25)		8,265		8,191,022
NGPL PipeCo LLC, 4.88%, 08/15/27 (Call 02/15/27)(a)(b)		4,845		4,729,379
Northwest Pipeline LLC, 4.00%, 04/01/27 (Call 01/01/27)		3,263		3,166,704
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		3,036		2,888,352
3.20%, 03/15/25(a)		1,190		1,157,539
4.00%, 07/13/27 (Call 04/13/27)		2,031		1,958,060
4.55%, 07/15/28 (Call 04/15/28)		4,830		4,718,532
5.55%, 11/01/26 (Call 10/01/26)		5,045		5,082,532
5.65%, 11/01/28 (Call 10/01/28)		7,390		7,517,966
5.85%, 01/15/26 (Call 12/15/25)(a)		4,255		4,292,812
ONEOK Partners LP, 4.90%, 03/15/25 (Call 12/15/24)		3,734		3,705,479
Plains All American Pipeline LP/PAA
Finance Corp.
4.50%, 12/15/26 (Call 09/15/26)(a)		5,299		5,197,298
4.65%, 10/15/25 (Call 07/15/25)		7,232		7,137,157
QazaqGaz NC JSC, 4.38%, 09/26/27(a)(b)		3,553		3,309,619
Sabal Trail Transmission LLC, 4.25%, 05/01/28 (Call 02/01/28)(a)(b)		1,335		1,281,479
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		10,330		9,965,007
5.00%, 03/15/27 (Call 09/15/26)		9,999		9,924,550
5.63%, 03/01/25 (Call 12/01/24)		13,625		13,606,153
5.88%, 06/30/26 (Call 12/31/25)		10,459		10,543,769
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		3,895		3,722,664
3.50%, 03/15/25 (Call 12/15/24)		3,555		3,484,340
Targa Resources Corp., 5.20%, 07/01/27 (Call 06/01/27)		4,773		4,749,375
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.00%, 01/15/28 (Call 04/01/24)(a)		8,377		8,192,580
6.50%, 07/15/27 (Call 04/01/24)		5,575		5,632,880

Security	Par (000)		Value
Pipelines (continued)
TC PipeLines LP
3.90%, 05/25/27 (Call 02/25/27)	$	3,987	$	3,803,102
4.38%, 03/13/25 (Call 12/13/24)		3,856		3,799,488
Tennessee Gas Pipeline Co. LLC
7.00%, 03/15/27(a)		2,332		2,450,464
7.00%, 10/15/28(a)		3,565		3,809,464
Texas Eastern Transmission LP, 3.50%, 01/15/28 (Call 10/15/27)(b)		626		586,787
TransCanada PipeLines Ltd.
4.25%, 05/15/28 (Call 02/15/28)(a)		11,420		11,001,209
4.88%, 01/15/26 (Call 10/15/25)		6,388		6,337,341
6.20%, 03/09/26 (Call 03/18/24)		2,269		2,269,032
Transcanada Trust
5.30%, 03/15/77 (Call 03/15/27), (3 mo. LIBOR US + 3.208%)(a)(c)		9,460		8,698,599
5.63%, 05/20/75 (Call 05/20/25), (3-mo. LIBOR US + 3.528%)(a)(c)		4,717		4,565,075
Series 16-A, 5.88%, 08/15/76 (Call 08/15/26), (3 mo. LIBOR US + 4.640%)(a)(c)		7,440		7,135,411
Transcontinental Gas Pipe Line Co. LLC
4.00%, 03/15/28 (Call 12/15/27)		610		585,730
7.85%, 02/01/26 (Call 11/01/25)		7,099		7,375,836
Transportadora de Gas Internacional SA ESP,
5.55%, 11/01/28 (Call 08/01/28)(b)		250		246,397
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27)		4,145		4,031,369
Western Midstream Operating LP
3.95%, 06/01/25 (Call 03/01/25)(a)		3,045		2,970,504
4.50%, 03/01/28 (Call 12/01/27)		6,676		6,381,582
4.65%, 07/01/26 (Call 04/01/26)		2,965		2,900,752
4.75%, 08/15/28 (Call 05/15/28)(a)		4,447		4,293,812
6.35%, 01/15/29 (Call 12/15/28)(a)		895		923,845
Williams Companies Inc. (The)
3.75%, 06/15/27 (Call 03/15/27)		9,860		9,435,965
4.00%, 09/15/25 (Call 06/15/25)		6,054		5,936,062
4.90%, 03/15/29 (Call 02/15/29)		3,325		3,280,452
5.30%, 08/15/28 (Call 07/15/28)		8,420		8,481,244
5.40%, 03/02/26		6,145		6,159,288
				566,693,855
Private Equity — 0.0%
Apollo Management Holdings LP, 4.40%, 05/27/26 (Call 02/27/26)(a)(b)		3,374		3,289,750
Real Estate — 0.1%
CBRE Services Inc., 4.88%, 03/01/26 (Call 12/01/25)(a)		3,766		3,724,011
GAIF Bond Issuer Pty. Ltd., 3.40%, 09/30/26 (Call 06/30/26)(b)		3,735		3,555,504
Jones Lang LaSalle Inc., 6.88%, 12/01/28 (Call 11/01/28)		2,010		2,113,635
Ontario Teachers’ Cadillac Fairview Properties Trust, 3.88%, 03/20/27 (Call 12/20/26)(b)		4,506		4,245,734
Realty Income Corp.
2.10%, 03/15/28 (Call 01/15/28)(a)		965		856,500
3.20%, 01/15/27 (Call 11/15/26)(a)		1,798		1,697,699
Sun Communities Operating LP, 5.50%, 01/15/29 (Call 12/15/28)		3,115		3,083,740
				19,276,823
Real Estate Investment Trusts — 3.2%
Agree LP, 2.00%, 06/15/28 (Call 04/15/28)(a)		1,750		1,520,993

S C H E D U L E  O F  I N V E S T M E N T S 173

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Alexandria Real Estate Equities Inc.
3.45%, 04/30/25 (Call 02/28/25)(a)	$	3,911	$	3,819,394
3.80%, 04/15/26 (Call 02/15/26)(a)		3,812		3,702,467
3.95%, 01/15/27 (Call 10/15/26)(a)		2,415		2,329,629
3.95%, 01/15/28 (Call 10/15/27)		3,028		2,885,799
4.30%, 01/15/26 (Call 10/15/25)		816		799,210
American Homes 4 Rent LP
4.25%, 02/15/28 (Call 11/15/27)		3,565		3,424,735
4.90%, 02/15/29 (Call 11/15/28)(a)		275		267,951
American Tower Corp.
1.30%, 09/15/25 (Call 08/15/25)		3,861		3,630,084
1.45%, 09/15/26 (Call 08/15/26)(a)		4,167		3,787,534
1.50%, 01/31/28 (Call 11/30/27)		4,410		3,829,054
1.60%, 04/15/26 (Call 03/15/26)		4,487		4,155,184
2.40%, 03/15/25 (Call 02/15/25)		5,484		5,301,569
2.75%, 01/15/27 (Call 11/15/26)(a)		5,050		4,700,647
3.13%, 01/15/27 (Call 10/15/26)		2,740		2,584,655
3.38%, 10/15/26 (Call 07/15/26)(a)		6,664		6,356,125
3.55%, 07/15/27 (Call 04/15/27)(a)		5,392		5,110,152
3.60%, 01/15/28 (Call 10/15/27)		4,572		4,309,325
3.65%, 03/15/27 (Call 02/15/27)		4,670		4,463,308
4.00%, 06/01/25 (Call 03/01/25)(a)		5,482		5,376,098
4.40%, 02/15/26 (Call 11/15/25)(a)		3,403		3,346,496
5.25%, 07/15/28 (Call 06/15/28)(a)		7,758		7,730,056
5.50%, 03/15/28 (Call 02/15/28)(a)		4,816		4,835,817
5.80%, 11/15/28 (Call 10/15/28)(a)		5,505		5,610,693
AvalonBay Communities Inc.
1.90%, 12/01/28 (Call 10/01/28)		3,373		2,934,125
2.90%, 10/15/26 (Call 07/15/26)(a)		1,886		1,782,925
2.95%, 05/11/26 (Call 02/11/26)(a)		2,875		2,745,424
3.20%, 01/15/28 (Call 10/15/27)(a)		3,410		3,189,863
3.35%, 05/15/27 (Call 02/15/27)		2,432		2,306,111
3.45%, 06/01/25 (Call 03/03/25)		3,486		3,408,861
3.50%, 11/15/25 (Call 08/15/25)(a)		1,899		1,844,640
Boston Properties LP
2.75%, 10/01/26 (Call 07/01/26)		6,305		5,835,893
3.65%, 02/01/26 (Call 11/03/25)(a)		6,324		6,081,184
4.50%, 12/01/28 (Call 09/01/28)		1,950		1,842,324
6.75%, 12/01/27 (Call 11/01/27)(a)		10,090		10,419,120
Brixmor Operating Partnership LP
2.25%, 04/01/28 (Call 02/01/28)(a)		2,115		1,871,265
3.90%, 03/15/27 (Call 12/15/26)		2,629		2,507,283
4.13%, 06/15/26 (Call 03/15/26)		3,757		3,620,292
Camden Property Trust
4.10%, 10/15/28 (Call 07/15/28)(a)		3,165		3,048,415
5.85%, 11/03/26 (Call 10/03/26)(a)		2,680		2,736,911
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)(a)		2,355		1,950,523
2.25%, 03/15/26 (Call 02/15/26)(a)		2,496		2,334,217
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)		6,808		6,155,164
1.35%, 07/15/25 (Call 06/15/25)(a)		4,602		4,354,528
2.90%, 03/15/27 (Call 02/15/27)(a)		5,474		5,096,306
3.65%, 09/01/27 (Call 06/01/27)		6,754		6,377,362
3.70%, 06/15/26 (Call 03/15/26)		5,376		5,176,871
3.80%, 02/15/28 (Call 11/15/27)		7,874		7,415,762
4.00%, 03/01/27 (Call 12/01/26)		3,774		3,635,273
4.30%, 02/15/29 (Call 11/15/28)		975		925,801
4.45%, 02/15/26 (Call 11/15/25)		6,277		6,159,161
4.80%, 09/01/28 (Call 08/01/28)		965		941,948
5.00%, 01/11/28 (Call 12/11/27)		6,910		6,805,325

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
CubeSmart LP
2.25%, 12/15/28 (Call 10/15/28)(a)	$	3,608	$	3,138,731
3.13%, 09/01/26 (Call 06/01/26)(a)		1,715		1,621,447
4.00%, 11/15/25 (Call 08/15/25)		1,511		1,470,340
4.38%, 02/15/29 (Call 11/15/28)(a)		2,220		2,111,708
Digital Realty Trust LP
3.70%, 08/15/27 (Call 05/15/27)(a)		6,359		6,066,544
4.45%, 07/15/28 (Call 04/15/28)(a)		2,555		2,471,767
5.55%, 01/15/28 (Call 12/15/27)		6,515		6,580,363
EPR Properties
4.50%, 04/01/25 (Call 01/01/25)(a)		2,000		1,963,290
4.50%, 06/01/27 (Call 03/01/27)(a)		3,075		2,906,644
4.75%, 12/15/26 (Call 09/15/26)(a)		2,620		2,517,241
4.95%, 04/15/28 (Call 01/15/28)		2,255		2,139,357
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)(a)		13,915		13,011,793
1.25%, 07/15/25 (Call 06/15/25)		896		845,594
1.45%, 05/15/26 (Call 04/15/26)		2,586		2,379,491
1.55%, 03/15/28 (Call 01/15/28)		2,385		2,075,199
1.80%, 07/15/27 (Call 05/15/27)		4,435		3,987,400
2.00%, 05/15/28 (Call 03/15/28)(a)		2,960		2,608,539
2.90%, 11/18/26 (Call 09/18/26)(a)		5,299		4,988,761
ERP Operating LP
2.85%, 11/01/26 (Call 08/01/26)		3,077		2,903,740
3.25%, 08/01/27 (Call 05/01/27)		2,460		2,310,742
3.38%, 06/01/25 (Call 03/01/25)(a)		2,938		2,865,406
3.50%, 03/01/28 (Call 12/01/27)		3,725		3,515,590
4.15%, 12/01/28 (Call 09/01/28)(a)		4,768		4,610,057
Essex Portfolio LP
1.70%, 03/01/28 (Call 01/01/28)(a)		3,360		2,919,979
3.38%, 04/15/26 (Call 01/15/26)		2,810		2,702,080
3.50%, 04/01/25 (Call 01/01/25)(a)		2,860		2,795,287
3.63%, 05/01/27 (Call 02/01/27)(a)		2,391		2,267,837
Extra Space Storage LP
3.50%, 07/01/26 (Call 04/01/26)		3,552		3,401,276
3.88%, 12/15/27 (Call 09/15/27)(a)		3,135		2,977,765
5.70%, 04/01/28 (Call 03/01/28)		3,755		3,807,421
Federal Realty OP LP
1.25%, 02/15/26 (Call 01/15/26)		5,760		5,307,049
3.25%, 07/15/27 (Call 04/15/27)(a)		3,364		3,134,340
5.38%, 05/01/28 (Call 04/01/28)(a)		3,245		3,219,511
GLP Capital LP/GLP Financing II Inc.
5.25%, 06/01/25 (Call 03/01/25)		5,282		5,234,155
5.30%, 01/15/29 (Call 10/15/28)		3,645		3,536,399
5.38%, 04/15/26 (Call 01/15/26)		6,015		5,949,236
5.75%, 06/01/28 (Call 03/03/28)		4,225		4,191,453
Goodman U.S. Finance Three LLC, 3.70%, 03/15/28 (Call 12/15/27)(a)(b)		860		795,185
Healthcare Realty Holdings LP
3.50%, 08/01/26 (Call 05/01/26)(a)		3,705		3,524,019
3.63%, 01/15/28 (Call 10/15/27)		305		278,882
3.75%, 07/01/27 (Call 04/01/27)		3,601		3,379,325
Healthpeak OP LLC
1.35%, 02/01/27 (Call 01/01/27)(a)		4,590		4,128,430
2.13%, 12/01/28 (Call 10/01/28)(a)		3,120		2,713,156
3.25%, 07/15/26 (Call 05/15/26)(a)		4,029		3,848,921
4.00%, 06/01/25 (Call 03/01/25)(a)		2,795		2,740,079
Highwoods Realty LP
3.88%, 03/01/27 (Call 12/01/26)		828		777,347
4.13%, 03/15/28 (Call 12/15/27)(a)		2,555		2,364,309

174 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Host Hotels & Resorts LP
Series E, 4.00%, 06/15/25 (Call 03/15/25)(a)	$	3,232	$	3,164,890
Series F, 4.50%, 02/01/26 (Call 11/01/25)(a)		1,940		1,897,290
Invitation Homes Operating Partnership LP, 2.30%, 11/15/28 (Call 09/15/28)(a)		2,719		2,378,141
Kilroy Realty LP
4.38%, 10/01/25 (Call 07/01/25)(a)		2,765		2,694,404
4.75%, 12/15/28 (Call 09/15/28)(a)		3,605		3,394,849
Kimco Realty OP LLC
1.90%, 03/01/28 (Call 01/01/28)(a)		3,270		2,864,373
2.80%, 10/01/26 (Call 07/01/26)		2,787		2,612,593
3.25%, 08/15/26 (Call 05/15/26)		1,560		1,471,311
3.80%, 04/01/27 (Call 01/01/27)(a)		2,610		2,500,810
Kite Realty Group LP, 4.00%, 10/01/26 (Call 07/01/26)		1,891		1,790,782
Kite Realty Group Trust, 4.00%, 03/15/25 (Call 12/15/24)(a)		2,170		2,123,256
LXP Industrial Trust, 6.75%, 11/15/28 (Call 10/15/28)(a)		805		831,081
Mid-America Apartments LP
1.10%, 09/15/26 (Call 08/15/26)(a)		1,838		1,659,741
3.60%, 06/01/27 (Call 03/01/27)(a)		3,320		3,172,241
4.00%, 11/15/25 (Call 08/15/25)		2,802		2,741,555
4.20%, 06/15/28 (Call 03/15/28)		2,165		2,094,995
NNN REIT Inc.
3.50%, 10/15/27 (Call 07/15/27)		1,775		1,665,241
3.60%, 12/15/26 (Call 09/15/26)(a)		2,153		2,049,258
4.00%, 11/15/25 (Call 08/15/25)		2,711		2,644,665
4.30%, 10/15/28 (Call 07/15/28)(a)		2,695		2,587,926
Omega Healthcare Investors Inc.
4.50%, 04/01/27 (Call 01/01/27)		4,256		4,092,739
4.75%, 01/15/28 (Call 10/15/27)		4,000		3,837,324
5.25%, 01/15/26 (Call 10/15/25)(a)		3,474		3,442,968
Physicians Realty LP
3.95%, 01/15/28 (Call 10/15/27)(a)		2,735		2,601,694
4.30%, 03/15/27 (Call 12/15/26)(a)		2,541		2,473,104
Piedmont Operating Partnership LP, 9.25%, 07/20/28 (Call 06/20/28)		2,760		2,915,900
Prologis LP
2.13%, 04/15/27 (Call 02/15/27)(a)		3,169		2,910,235
3.25%, 06/30/26 (Call 03/30/26)(a)		2,249		2,160,295
3.25%, 10/01/26 (Call 07/01/26)		2,366		2,257,485
3.38%, 12/15/27 (Call 09/15/27)(a)		3,435		3,244,688
3.88%, 09/15/28 (Call 06/15/28)(a)		3,215		3,074,906
4.00%, 09/15/28 (Call 06/15/28)		815		783,607
4.38%, 02/01/29 (Call 11/01/28)(a)		1,845		1,803,370
4.88%, 06/15/28 (Call 05/15/28)		5,475		5,468,285
Prologis Targeted U.S. Logistics Fund LP, 5.25%, 04/01/29 (Call 03/01/29)(b)		425		422,777
Public Storage Operating Co.
0.88%, 02/15/26 (Call 01/15/26)(a)		3,170		2,925,838
1.50%, 11/09/26 (Call 10/09/26)		4,000		3,651,353
1.85%, 05/01/28 (Call 03/01/28)		4,635		4,095,296
1.95%, 11/09/28 (Call 09/09/28)(a)		405		355,489
3.09%, 09/15/27 (Call 06/15/27)		3,201		3,011,340
5.13%, 01/15/29 (Call 12/15/28)(a)		3,835		3,872,006
Realty Income Corp.
0.75%, 03/15/26 (Call 02/15/26)(a)		2,146		1,957,725
2.20%, 06/15/28 (Call 04/15/28)(a)		4,420		3,923,197
3.00%, 01/15/27 (Call 10/15/26)(a)		3,824		3,605,724
3.40%, 01/15/28 (Call 11/15/27)		4,890		4,585,320

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.65%, 01/15/28 (Call 10/15/27)	$	1,964	$	1,862,432
3.88%, 04/15/25 (Call 02/15/25)		3,249		3,192,883
3.95%, 08/15/27 (Call 05/15/27)		4,156		4,013,789
4.13%, 10/15/26 (Call 07/15/26)(a)		3,859		3,756,843
4.45%, 09/15/26 (Call 06/15/26)		1,955		1,902,952
4.63%, 11/01/25 (Call 09/01/25)		3,521		3,478,964
4.70%, 12/15/28 (Call 11/15/28)		1,770		1,739,339
4.75%, 02/15/29 (Call 01/15/29)(a)		2,525		2,470,393
4.88%, 06/01/26 (Call 03/01/26)		3,549		3,521,678
5.05%, 01/13/26 (Call 03/11/24)		3,014		3,001,031
Regency Centers LP
3.60%, 02/01/27 (Call 11/01/26)		3,255		3,108,519
3.90%, 11/01/25 (Call 08/01/25)(a)		1,735		1,675,617
4.13%, 03/15/28 (Call 12/15/27)		2,605		2,487,441
Retail Opportunity Investments Partnership LP, 6.75%, 10/15/28 (Call 09/15/28)(a)		1,445		1,493,632
Rexford Industrial Realty LP, 5.00%, 06/15/28 (Call 05/15/28)(a)		2,495		2,469,814
Sabra Health Care LP, 5.13%, 08/15/26 (Call 05/15/26)		3,140		3,083,077
Scentre Group Trust 1/Scentre Group Trust 2
3.25%, 10/28/25 (Call 07/30/25)(b)		3,317		3,198,896
3.63%, 01/28/26 (Call 12/28/25)(b)		4,597		4,443,846
3.75%, 03/23/27 (Call 12/23/26)(a)(b)		3,035		2,886,624
Scentre Group Trust 2, 4.75%, 09/24/80 (Call 06/24/26), (5-year CMT + 4.379%)(a)(b)(c)		4,682		4,452,109
Simon Property Group LP
1.38%, 01/15/27 (Call 10/15/26)(a)		3,650		3,310,287
1.75%, 02/01/28 (Call 11/01/27)(a)		5,363		4,746,735
3.25%, 11/30/26 (Call 08/30/26)(a)		4,629		4,412,660
3.30%, 01/15/26 (Call 10/15/25)		5,185		5,003,894
3.38%, 06/15/27 (Call 03/15/27)		5,165		4,901,014
3.38%, 12/01/27 (Call 09/01/27)(a)		4,680		4,414,303
3.50%, 09/01/25 (Call 06/01/25)(a)		7,138		6,964,502
SITE Centers Corp.
4.25%, 02/01/26 (Call 11/01/25)		2,606		2,543,277
4.70%, 06/01/27 (Call 03/01/27)		3,498		3,440,066
Sixth Street Specialty Lending Inc., 6.95%, 08/14/28 (Call 07/14/28)		1,728		1,759,323
Store Capital LLC, 4.50%, 03/15/28 (Call 12/15/27)(a)		2,645		2,475,460
Sun Communities Operating LP, 2.30%, 11/01/28 (Call 09/01/28)(a)		1,995		1,731,414
Tanger Properties LP
3.13%, 09/01/26 (Call 06/01/26)(a)		1,825		1,703,362
3.88%, 07/15/27 (Call 04/15/27)(a)		1,920		1,762,189
Trust Fibra Uno, 5.25%, 01/30/26 (Call 10/30/25)(a)(b)		1,907		1,858,435
UDR Inc.
2.95%, 09/01/26 (Call 06/01/26)(a)		1,796		1,691,625
3.50%, 07/01/27 (Call 04/01/27)(a)		2,145		2,013,935
3.50%, 01/15/28 (Call 10/15/27)(a)		2,105		1,960,088
4.40%, 01/26/29 (Call 10/26/28)		2,010		1,923,063
Ventas Realty LP
3.25%, 10/15/26 (Call 07/15/26)		2,662		2,513,043
3.85%, 04/01/27 (Call 01/01/27)		2,516		2,397,205
4.00%, 03/01/28 (Call 12/01/27)(a)		4,815		4,582,025
4.13%, 01/15/26 (Call 10/15/25)		2,959		2,879,471
4.40%, 01/15/29 (Call 10/15/28)		4,695		4,497,780

S C H E D U L E  O F  I N V E S T M E N T S 175

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
VICI Properties LP
4.38%, 05/15/25(a)	$	3,151	$	3,094,654
4.75%, 02/15/28 (Call 01/15/28)		8,310		8,047,471
VICI Properties LP/VICI Note Co. Inc.
3.75%, 02/15/27 (Call 04/01/24)(a)(b)		4,480		4,214,334
3.88%, 02/15/29 (Call 11/15/28)(b)		100		91,225
4.25%, 12/01/26 (Call 04/01/24)(b)		7,855		7,514,301
4.50%, 09/01/26 (Call 06/01/26)(a)(b)		3,229		3,115,275
4.50%, 01/15/28 (Call 10/15/27)(a)(b)		2,655		2,522,595
4.63%, 06/15/25 (Call 03/15/25)(b)		4,805		4,723,459
5.75%, 02/01/27 (Call 11/01/26)(a)(b)		4,439		4,418,581
WEA Finance LLC
2.88%, 01/15/27 (Call 11/15/26)(a)(b)		4,616		4,193,534
4.13%, 09/20/28 (Call 06/20/28)(a)(b)		100		89,236
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		3,138		2,718,029
2.70%, 02/15/27 (Call 12/15/26)(a)		4,560		4,261,599
4.00%, 06/01/25 (Call 03/01/25)		7,735		7,595,029
4.25%, 04/01/26 (Call 01/01/26)		4,324		4,237,744
4.25%, 04/15/28 (Call 01/15/28)		5,468		5,289,559
Weyerhaeuser Co.
4.75%, 05/15/26		5,140		5,088,338
6.95%, 10/01/27(a)		4,035		4,275,182
WP Carey Inc., 4.25%, 10/01/26 (Call 07/01/26)(a)		2,118		2,060,943
				693,551,227
Retail — 1.7%
7-Eleven Inc.
0.95%, 02/10/26 (Call 01/10/26)(a)(b)		8,067		7,434,235
1.30%, 02/10/28 (Call 12/10/27)(a)(b)		6,660		5,778,829
Alimentation Couche-Tard Inc., 3.55%, 07/26/27 (Call 04/26/27)(a)(b)		6,924		6,597,795
AutoNation Inc.
1.95%, 08/01/28 (Call 06/01/28)		3,195		2,732,694
3.80%, 11/15/27 (Call 08/15/27)(a)		2,450		2,280,599
4.50%, 10/01/25 (Call 07/01/25)(a)		2,488		2,444,196
AutoZone Inc.
3.13%, 04/21/26 (Call 01/21/26)(a)		2,452		2,349,787
3.25%, 04/15/25 (Call 01/15/25)		2,434		2,377,159
3.63%, 04/15/25 (Call 03/15/25)		3,029		2,973,423
3.75%, 06/01/27 (Call 03/01/27)		4,503		4,325,494
4.50%, 02/01/28 (Call 01/01/28)(a)		3,100		3,036,369
5.05%, 07/15/26		2,795		2,789,040
6.25%, 11/01/28 (Call 10/01/28)(a)		3,765		3,915,231
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28)(a)		3,450		3,381,265
Costco Wholesale Corp.
1.38%, 06/20/27 (Call 04/20/27)		8,260		7,430,637
3.00%, 05/18/27 (Call 02/18/27)(a)		6,644		6,338,753
Darden Restaurants Inc., 3.85%, 05/01/27 (Call 02/01/27)(a)		4,013		3,853,612
Dollar General Corp.
3.88%, 04/15/27 (Call 01/15/27)		4,332		4,167,557
4.13%, 05/01/28 (Call 02/01/28)(a)		1,641		1,583,146
4.15%, 11/01/25 (Call 08/01/25)		3,068		3,005,954
4.63%, 11/01/27 (Call 10/01/27)(a)		3,917		3,842,056
5.20%, 07/05/28 (Call 06/05/28)(a)		2,750		2,747,495
Dollar Tree Inc.
4.00%, 05/15/25 (Call 03/15/25)(a)		6,136		6,026,173
4.20%, 05/15/28 (Call 02/15/28)		8,193		7,901,892

Security	Par (000)		Value
Retail (continued)
El Puerto de Liverpool SAB de CV, 3.88%, 10/06/26(a)(b)	$	1,110	$	1,068,988
Genuine Parts Co., 6.50%, 11/01/28 (Call 10/01/28)(a)		3,030		3,175,027
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)(a)		997		860,255
1.50%, 09/15/28 (Call 07/15/28)(a)		2,575		2,243,432
2.13%, 09/15/26 (Call 06/15/26)(a)		6,328		5,916,088
2.50%, 04/15/27 (Call 02/15/27)		4,740		4,417,156
2.70%, 04/15/25 (Call 03/15/25)		2,645		2,576,906
2.80%, 09/14/27 (Call 06/14/27)(a)		6,650		6,236,589
2.88%, 04/15/27 (Call 03/15/27)		5,094		4,813,276
3.00%, 04/01/26 (Call 01/01/26)(a)		8,228		7,924,354
3.35%, 09/15/25 (Call 06/15/25)		6,441		6,289,161
3.90%, 12/06/28 (Call 09/06/28)(a)		2,725		2,635,160
4.00%, 09/15/25 (Call 08/15/25)		4,916		4,838,507
4.95%, 09/30/26 (Call 08/30/26)(a)		4,295		4,297,351
InRetail Consumer, 3.25%, 03/22/28 (Call 01/22/28)(b)		55		48,841
Lowe’s Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)(a)		7,110		6,166,626
1.70%, 09/15/28 (Call 07/15/28)(a)		8,185		7,110,951
2.50%, 04/15/26 (Call 01/15/26)(a)		8,121		7,709,050
3.10%, 05/03/27 (Call 02/03/27)(a)		10,024		9,477,027
3.35%, 04/01/27 (Call 03/01/27)(a)		5,262		5,015,511
3.38%, 09/15/25 (Call 06/15/25)		4,756		4,628,346
4.00%, 04/15/25 (Call 03/15/25)		4,705		4,637,526
4.40%, 09/08/25(a)		6,290		6,212,654
4.80%, 04/01/26 (Call 03/01/26)(a)		6,310		6,271,446
6.88%, 02/15/28(a)		45		48,407
McDonald’s Corp.
1.45%, 09/01/25 (Call 08/01/25)		3,231		3,058,560
3.30%, 07/01/25 (Call 06/01/25)(a)		4,778		4,666,048
3.38%, 05/26/25 (Call 02/26/25)(a)		4,187		4,092,434
3.50%, 03/01/27 (Call 12/01/26)(a)		5,605		5,399,727
3.50%, 07/01/27 (Call 05/01/27)(a)		6,754		6,468,179
3.70%, 01/30/26 (Call 10/30/25)(a)		10,775		10,525,003
3.80%, 04/01/28 (Call 01/01/28)		7,687		7,388,960
4.80%, 08/14/28 (Call 07/14/28)		4,865		4,851,381
O’Reilly Automotive Inc.
3.55%, 03/15/26 (Call 12/15/25)(a)		3,128		3,027,191
3.60%, 09/01/27 (Call 06/01/27)		5,695		5,425,189
4.35%, 06/01/28 (Call 03/01/28)(a)		1,715		1,672,439
5.75%, 11/20/26 (Call 10/20/26)		3,285		3,331,472
Ross Stores Inc.
0.88%, 04/15/26 (Call 03/15/26)(a)		3,050		2,789,413
4.60%, 04/15/25 (Call 03/15/25)		4,290		4,248,387
Starbucks Corp.
2.00%, 03/12/27 (Call 01/12/27)(a)		3,947		3,620,097
2.45%, 06/15/26 (Call 03/15/26)		2,689		2,539,080
3.50%, 03/01/28 (Call 12/01/27)(a)		4,634		4,395,830
3.80%, 08/15/25 (Call 06/15/25)		7,868		7,704,279
4.00%, 11/15/28 (Call 08/15/28)(a)		3,918		3,788,619
4.75%, 02/15/26 (Call 01/15/26)(a)		6,471		6,428,085
4.85%, 02/08/27 (Call 01/08/27)		2,200		2,188,445
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)(a)		5,980		5,529,797
2.25%, 04/15/25 (Call 03/15/25)(a)		9,320		9,028,734
2.50%, 04/15/26(a)		6,259		5,976,699

176 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
TJX Companies Inc. (The)
1.15%, 05/15/28 (Call 03/15/28)	$	275	$	237,071
2.25%, 09/15/26 (Call 06/15/26)		5,868		5,513,775
Walmart Inc.
3.05%, 07/08/26 (Call 05/08/26)(a)		5,115		4,920,934
3.55%, 06/26/25 (Call 04/26/25)(a)		2,826		2,776,818
3.70%, 06/26/28 (Call 03/26/28)(a)		1,540		1,489,782
3.90%, 04/15/28 (Call 03/15/28)		8,318		8,116,296
4.00%, 04/15/26 (Call 03/15/26)		4,330		4,264,501
5.88%, 04/05/27(a)		1,175		1,220,580
				360,615,831
Savings & Loans — 0.2%
Nationwide Building Society
1.50%, 10/13/26(a)(b)		5,759		5,228,251
2.97%, 02/16/28 (Call 02/16/27), (1-day SOFR + 1.29%)(a)(b)(c)		4,233		3,916,537
3.90%, 07/21/25(b)		946		927,191
4.00%, 09/14/26(b)		6,781		6,488,243
4.13%, 10/18/32 (Call 10/18/27), (5-year USD ICE Swap + 1.849%)(a)(b)(c)		3,360		3,073,017
4.30%, 03/08/29 (Call 03/08/28), (3-mo. LIBOR US + 1.452%)(b)(c)		6,035		5,739,793
4.85%, 07/27/27(b)		4,578		4,523,466
6.56%, 10/18/27 (Call 10/18/26), (1-day SOFR + 1.910%)(a)(b)(c)		5,345		5,471,391
				35,367,889
Semiconductors — 1.6%
Analog Devices Inc.
1.70%, 10/01/28 (Call 08/01/28)(a)		5,325		4,649,843
2.95%, 04/01/25 (Call 03/01/25)(a)		3,311		3,233,434
3.45%, 06/15/27 (Call 03/15/27)(a)		870		833,105
3.50%, 12/05/26 (Call 09/05/26)		6,178		5,967,387
Applied Materials Inc.
3.30%, 04/01/27 (Call 01/01/27)(a)		8,490		8,126,116
3.90%, 10/01/25 (Call 07/01/25)(a)		4,923		4,837,885
Broadcom Corp./Broadcom Cayman
Finance Ltd.
3.50%, 01/15/28 (Call 10/15/27)		5,798		5,462,521
3.88%, 01/15/27 (Call 10/15/26)		18,474		17,850,832
Broadcom Inc.
1.95%, 02/15/28 (Call 12/15/27)(a)(b)		5,706		5,065,877
3.15%, 11/15/25 (Call 10/15/25)		5,820		5,615,177
3.46%, 09/15/26 (Call 07/15/26)(a)		4,982		4,780,355
4.11%, 09/15/28 (Call 06/15/28)(a)		6,125		5,872,444
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		1,640		1,426,087
2.60%, 05/19/26 (Call 02/19/26)		6,709		6,381,805
3.15%, 05/11/27 (Call 02/11/27)(a)		7,762		7,358,233
3.40%, 03/25/25 (Call 02/25/25)(a)		8,922		8,749,889
3.70%, 07/29/25 (Call 04/29/25)		14,923		14,619,669
3.75%, 03/25/27 (Call 01/25/27)(a)		6,985		6,761,331
3.75%, 08/05/27 (Call 07/05/27)(a)		8,295		7,997,053
4.88%, 02/10/26		10,155		10,119,708
4.88%, 02/10/28 (Call 01/10/28)		14,739		14,705,031
Lam Research Corp.
3.75%, 03/15/26 (Call 01/15/26)(a)		5,419		5,287,154
3.80%, 03/15/25 (Call 12/15/24)(a)		4,086		4,025,869
Marvell Technology Inc.
1.65%, 04/15/26 (Call 03/15/26)		3,619		3,356,432
2.45%, 04/15/28 (Call 02/15/28)		4,290		3,851,766

Security	Par (000)		Value
Semiconductors (continued)
4.88%, 06/22/28 (Call 03/22/28)	$	4,185	$	4,116,706
5.75%, 02/15/29 (Call 01/15/29)		1,450		1,477,271
Microchip Technology Inc., 4.25%, 09/01/25 (Call 04/01/24)(a)		7,861		7,714,235
Micron Technology Inc.
4.19%, 02/15/27 (Call 12/15/26)		5,826		5,663,547
4.98%, 02/06/26 (Call 12/06/25)		3,621		3,602,008
5.33%, 02/06/29 (Call 11/06/28)		3,800		3,804,610
5.38%, 04/15/28 (Call 03/15/28)(a)		4,527		4,551,156
NVIDIA Corp.
1.55%, 06/15/28 (Call 04/15/28)(a)		4,193		3,712,940
3.20%, 09/16/26 (Call 06/16/26)		6,485		6,251,253
NXP BV/NXP Funding LLC
5.35%, 03/01/26 (Call 01/01/26)(a)		3,383		3,380,628
5.55%, 12/01/28 (Call 09/01/28)		4,260		4,304,022
NXP BV/NXP Funding LLC/NXP USA Inc.
2.70%, 05/01/25 (Call 04/01/25)		3,317		3,208,265
3.15%, 05/01/27 (Call 03/01/27)		4,033		3,790,038
3.88%, 06/18/26 (Call 04/18/26)(a)		4,974		4,816,105
4.40%, 06/01/27 (Call 05/01/27)(a)		2,650		2,586,829
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)(a)		1,825		1,587,872
3.25%, 05/20/27 (Call 02/20/27)		14,030		13,377,547
3.45%, 05/20/25 (Call 02/20/25)		9,362		9,173,605
Renesas Electronics Corp., 2.17%, 11/25/26 (Call 10/25/26)(b)		5,661		5,140,547
SK Hynix Inc.
1.50%, 01/19/26(a)(b)		6,545		6,059,452
5.50%, 01/16/27(b)		190		189,810
5.50%, 01/16/29(b)		1,350		1,347,875
6.38%, 01/17/28(a)(b)		6,780		6,984,558
Skyworks Solutions Inc., 1.80%, 06/01/26 (Call 05/01/26)(a)		3,678		3,390,710
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)(a)		3,730		3,401,487
2.90%, 11/03/27 (Call 08/03/27)(a)		1,850		1,737,620
4.60%, 02/08/27 (Call 01/08/27)(a)		1,875		1,868,716
4.60%, 02/15/28 (Call 01/15/28)(a)		6,152		6,140,175
4.60%, 02/08/29 (Call 01/08/29)(a)		3,265		3,246,732
TSMC Arizona Corp.
1.75%, 10/25/26 (Call 09/25/26)		7,796		7,168,755
3.88%, 04/22/27 (Call 03/22/27)		5,705		5,527,512
TSMC Global Ltd.
0.75%, 09/28/25 (Call 08/28/25)(a)(b)		6,867		6,397,597
1.00%, 09/28/27 (Call 07/28/27)(a)(b)		4,740		4,129,712
1.25%, 04/23/26 (Call 03/23/26)(a)(b)		7,281		6,713,286
1.75%, 04/23/28 (Call 02/23/28)(a)(b)		6,375		5,619,404
4.38%, 07/22/27 (Call 06/22/27)(a)(b)		3,200		3,139,392
				332,256,980
Shipbuilding — 0.0%
Huntington Ingalls Industries Inc.
2.04%, 08/16/28 (Call 06/16/28)(a)		3,610		3,138,310
3.48%, 12/01/27 (Call 09/01/27)		2,240		2,099,210
3.84%, 05/01/25 (Call 04/01/25)		3,704		3,629,583
				8,867,103
Software — 2.1%
Adobe Inc., 2.15%, 02/01/27 (Call 12/01/26)		5,550		5,165,991
Autodesk Inc.
3.50%, 06/15/27 (Call 03/15/27)(a)		3,950		3,780,632
4.38%, 06/15/25 (Call 03/15/25)(a)		2,631		2,603,023

S C H E D U L E  O F  I N V E S T M E N T S 177

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
Broadridge Financial Solutions Inc., 3.40%, 06/27/26 (Call 03/27/26)	$	3,670	$	3,508,349
Concentrix Corp.
6.60%, 08/02/28 (Call 07/02/28)(a)		5,565		5,596,575
6.65%, 08/02/26 (Call 07/02/26)(a)		5,320		5,396,705
Constellation Software Inc., 5.16%, 02/16/29 (Call 01/16/29)(b)		2,790		2,775,722
Electronic Arts Inc., 4.80%, 03/01/26 (Call 12/01/25)		4,179		4,159,239
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)(a)		8,142		7,529,334
1.65%, 03/01/28 (Call 01/01/28)(a)		5,759		5,074,656
4.50%, 07/15/25(a)		5,431		5,378,292
4.70%, 07/15/27 (Call 06/15/27)(a)		3,768		3,739,980
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)(a)		6,978		6,383,198
3.20%, 07/01/26 (Call 05/01/26)		13,238		12,648,967
3.85%, 06/01/25 (Call 03/01/25)		6,233		6,108,007
4.20%, 10/01/28 (Call 07/01/28)		6,680		6,409,832
5.15%, 03/15/27 (Call 02/15/27)		3,100		3,101,130
5.38%, 08/21/28 (Call 07/21/28)		5,095		5,135,882
5.45%, 03/02/28 (Call 02/02/28)		6,003		6,056,111
Infor Inc., 1.75%, 07/15/25 (Call 06/15/25)(b)		4,413		4,170,227
Intuit Inc.
0.95%, 07/15/25 (Call 06/15/25)		3,867		3,648,670
1.35%, 07/15/27 (Call 05/15/27)(a)		3,930		3,507,042
5.13%, 09/15/28 (Call 08/15/28)(a)		6,690		6,775,124
5.25%, 09/15/26 (Call 08/15/26)(a)		5,320		5,364,975
Microsoft Corp.
2.40%, 08/08/26 (Call 05/08/26)		26,478		25,076,049
3.13%, 11/03/25 (Call 08/03/25)(a)		19,930		19,371,553
3.30%, 02/06/27 (Call 11/06/26)		26,798		25,883,059
3.40%, 09/15/26 (Call 06/15/26)(b)		5,814		5,623,546
3.40%, 06/15/27 (Call 03/15/27)(a)(b)		999		959,067
Open Text Corp., 6.90%, 12/01/27 (Call 11/01/27)(a)(b)		6,910		7,133,221
Oracle Corp.
1.65%, 03/25/26 (Call 02/25/26)(a)		17,771		16,504,971
2.30%, 03/25/28 (Call 01/25/28)(a)		15,000		13,442,348
2.50%, 04/01/25 (Call 03/01/25)		21,929		21,229,276
2.65%, 07/15/26 (Call 04/15/26)		18,786		17,694,023
2.80%, 04/01/27 (Call 02/01/27)(a)		14,848		13,849,271
2.95%, 05/15/25 (Call 02/15/25)(a)		15,927		15,449,748
3.25%, 11/15/27 (Call 08/15/27)		18,086		16,962,616
4.50%, 05/06/28 (Call 04/06/28)(a)		7,030		6,893,812
5.80%, 11/10/25		6,647		6,701,797
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		5,392		5,051,372
1.40%, 09/15/27 (Call 07/15/27)(a)		5,751		5,085,397
3.80%, 12/15/26 (Call 09/15/26)(a)		4,961		4,797,820
3.85%, 12/15/25 (Call 09/15/25)		2,649		2,583,625
4.20%, 09/15/28 (Call 06/15/28)		5,981		5,782,803
Salesforce Inc.
1.50%, 07/15/28 (Call 05/15/28)		8,100		7,083,025
3.70%, 04/11/28 (Call 01/11/28)		11,842		11,416,406
Take-Two Interactive Software Inc.
3.55%, 04/14/25		6,140		6,014,118
3.70%, 04/14/27 (Call 03/14/27)		4,757		4,548,712
4.95%, 03/28/28 (Call 02/28/28)		8,923		8,851,732
5.00%, 03/28/26		5,610		5,579,374

Security	Par (000)		Value
Software (continued)
VMware LLC
1.40%, 08/15/26 (Call 07/15/26)	$	9,903	$	9,002,117
1.80%, 08/15/28 (Call 06/15/28)		4,145		3,593,341
3.90%, 08/21/27 (Call 05/21/27)(a)		8,244		7,858,503
4.50%, 05/15/25 (Call 04/15/25)		5,393		5,334,645
4.65%, 05/15/27 (Call 03/15/27)		3,694		3,615,831
Workday Inc., 3.50%, 04/01/27 (Call 03/01/27)		7,720		7,356,171
				440,347,012
Telecommunications — 2.6%
AT&T Inc.
1.65%, 02/01/28 (Call 12/01/27)		15,090		13,277,718
1.70%, 03/25/26 (Call 03/11/24)		19,827		18,438,850
2.30%, 06/01/27 (Call 04/01/27)		16,761		15,347,541
2.95%, 07/15/26 (Call 04/15/26)(a)		2,798		2,660,050
3.80%, 02/15/27 (Call 11/15/26)		5,394		5,202,379
3.88%, 01/15/26 (Call 10/15/25)		3,154		3,078,280
4.10%, 02/15/28 (Call 11/15/27)		11,355		10,949,663
4.25%, 03/01/27 (Call 12/01/26)		10,350		10,090,182
5.54%, 02/20/26 (Call 03/11/24)		5,905		5,902,141
Bharti Airtel Ltd., 4.38%, 06/10/25(a)(b)		5,448		5,351,864
British Telecommunications PLC, 5.13%, 12/04/28 (Call 09/04/28)(a)		3,754		3,774,112
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)		9,852		9,297,013
2.95%, 02/28/26		4,948		4,770,348
3.50%, 06/15/25		3,825		3,753,530
4.80%, 02/26/27 (Call 01/26/27)(a)		9,070		9,077,546
4.85%, 02/26/29 (Call 01/26/29)		13,575		13,595,962
4.90%, 02/26/26(a)		5,630		5,630,937
Deutsche Telekom International Finance BV
3.60%, 01/19/27 (Call 10/19/26)(a)(b)		1,875		1,813,507
4.38%, 06/21/28 (Call 03/21/28)(a)(b)		7,045		6,858,269
Empresa Nacional de Telecomunicaciones SA, 4.75%, 08/01/26 (Call 05/03/26)(a)(b)		3,062		2,981,822
Juniper Networks Inc., 1.20%, 12/10/25 (Call 11/10/25)		2,854		2,643,680
KT Corp., 2.50%, 07/18/26(b)		210		196,735
Motorola Solutions Inc.
4.60%, 02/23/28 (Call 11/23/27)(a)		5,399		5,300,876
7.50%, 05/15/25		458		467,564
NBN Co. Ltd.
1.45%, 05/05/26 (Call 04/05/26)(a)(b)		9,006		8,301,384
1.63%, 01/08/27 (Call 12/08/26)(a)(b)		7,645		6,940,360
5.75%, 10/06/28 (Call 09/06/28)(a)(b)		10,260		10,562,049
Nokia OYJ, 4.38%, 06/12/27(a)		2,259		2,164,866
NTT Finance Corp.
1.16%, 04/03/26 (Call 03/03/26)(b)		20,794		19,155,403
1.59%, 04/03/28 (Call 02/03/28)(a)(b)		10,005		8,774,933
4.24%, 07/25/25(a)(b)		4,590		4,523,474
4.37%, 07/27/27 (Call 06/27/27)(a)(b)		3,345		3,279,375
Ooredoo International Finance Ltd.
3.75%, 06/22/26(a)(b)		1,692		1,640,265
5.00%, 10/19/25(b)		9,650		9,568,844
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)(a)		4,227		3,978,757
2.95%, 03/15/25		7,630		7,426,755
3.20%, 03/15/27 (Call 02/15/27)(a)		9,200		8,662,485
3.63%, 12/15/25 (Call 09/15/25)		5,327		5,162,964
5.00%, 02/15/29 (Call 01/15/29)		2,740		2,715,602
SK Telecom Co. Ltd., 6.63%, 07/20/27(a)(b)		1,105		1,151,543
Sprint Capital Corp., 6.88%, 11/15/28		13,295		14,142,051

178 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
Sprint LLC, 7.63%, 03/01/26 (Call 11/01/25)	$	11,690	$	12,078,599
Telefonica Emisiones SA, 4.10%, 03/08/27(a)		6,237		6,040,880
Telstra Corp. Ltd., 3.13%, 04/07/25 (Call 01/07/25)(b)		8,949		8,732,465
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		4,212		3,945,234
3.70%, 09/15/27 (Call 06/15/27)		3,600		3,418,464
T-Mobile USA Inc.
1.50%, 02/15/26 (Call 01/15/26)		7,210		6,697,668
2.05%, 02/15/28 (Call 12/15/27)		11,605		10,339,806
2.25%, 02/15/26 (Call 03/11/24)		12,211		11,504,159
2.63%, 04/15/26 (Call 03/11/24)(a)		8,627		8,164,168
2.63%, 02/15/29 (Call 03/11/24)		25		22,167
3.50%, 04/15/25 (Call 03/15/25)		19,903		19,457,107
3.75%, 04/15/27 (Call 02/15/27)		26,034		24,955,061
4.75%, 02/01/28 (Call 03/11/24)(a)		10,235		10,055,086
4.80%, 07/15/28 (Call 06/15/28)		7,166		7,073,712
4.85%, 01/15/29 (Call 12/15/28)		9,650		9,524,216
4.95%, 03/15/28 (Call 02/15/28)(a)		7,840		7,794,462
5.38%, 04/15/27 (Call 03/11/24)(a)		4,701		4,691,390
Verizon Communications Inc.
0.85%, 11/20/25 (Call 10/20/25)(a)		10,249		9,514,106
1.45%, 03/20/26 (Call 02/20/26)		13,257		12,292,000
2.10%, 03/22/28 (Call 01/22/28)		22,905		20,394,406
2.63%, 08/15/26		12,435		11,723,726
3.00%, 03/22/27 (Call 01/22/27)		5,302		4,990,556
3.88%, 02/08/29 (Call 11/08/28)(a)		250		237,365
4.13%, 03/16/27(a)		20,780		20,204,467
4.33%, 09/21/28(a)		30,055		29,170,713
Vodafone Group PLC
4.13%, 05/30/25		11,652		11,464,680
4.38%, 05/30/28(a)		7,035		6,914,433
				560,012,775
Toys, Games & Hobbies — 0.1%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)(a)		3,275		3,074,292
3.55%, 11/19/26 (Call 09/19/26)		4,518		4,289,565
Mattel Inc.
3.38%, 04/01/26 (Call 03/11/24)(a)(b)		4,090		3,881,561
5.88%, 12/15/27 (Call 04/01/24)(b)		5,385		5,388,420
				16,633,838
Transportation — 0.8%
Burlington Northern Santa Fe LLC
3.00%, 04/01/25 (Call 01/01/25)(a)		3,345		3,269,323
3.25%, 06/15/27 (Call 03/15/27)		2,085		1,989,425
3.65%, 09/01/25 (Call 06/01/25)		2,328		2,279,524
7.00%, 12/15/25		3,168		3,274,009
Canadian National Railway Co.
2.75%, 03/01/26 (Call 12/01/25)(a)		3,543		3,399,362
6.90%, 07/15/28(a)		485		523,084
Canadian Pacific Railway Co.
1.75%, 12/02/26 (Call 11/02/26)		5,680		5,208,867
3.70%, 02/01/26 (Call 11/01/25)		1,685		1,635,374
4.00%, 06/01/28 (Call 03/01/28)(a)		2,590		2,494,038
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28)(a)		4,140		3,994,199
CSX Corp.
2.60%, 11/01/26 (Call 08/01/26)(a)		4,667		4,404,466
3.25%, 06/01/27 (Call 03/01/27)		5,518		5,238,241
3.35%, 11/01/25 (Call 08/01/25)(a)		4,053		3,934,403

Security	Par (000)		Value
Transportation (continued)
3.80%, 03/01/28 (Call 12/01/27)(a)	$	4,978	$	4,790,682
FedEx Corp.
3.25%, 04/01/26 (Call 01/01/26)(a)		5,177		4,991,028
3.40%, 02/15/28 (Call 11/15/27)(a)		2,640		2,492,080
4.20%, 10/17/28 (Call 07/17/28)		2,335		2,249,594
JB Hunt Transport Services Inc., 3.88%, 03/01/26 (Call 01/01/26)(a)		4,806		4,692,663
Kirby Corp., 4.20%, 03/01/28 (Call 12/01/27)		410		391,800
Misc Capital Two Labuan Ltd., 3.75%, 04/06/27 (Call 03/06/27)(a)(b)		5,410		5,157,185
Norfolk Southern Corp.
2.90%, 06/15/26 (Call 03/15/26)(a)		4,132		3,938,343
3.15%, 06/01/27 (Call 03/01/27)(a)		940		890,600
3.65%, 08/01/25 (Call 06/01/25)(a)		2,175		2,125,203
3.80%, 08/01/28 (Call 05/01/28)		2,145		2,053,845
5.59%, 05/17/25		1,576		1,579,842
7.80%, 05/15/27		2,660		2,878,546
Ryder System Inc.
1.75%, 09/01/26 (Call 08/01/26)		2,404		2,202,330
2.85%, 03/01/27 (Call 02/01/27)(a)		2,905		2,721,919
2.90%, 12/01/26 (Call 10/01/26)(a)		1,826		1,717,568
3.35%, 09/01/25 (Call 08/01/25)(a)		2,670		2,588,664
4.30%, 06/15/27 (Call 05/15/27)		1,500		1,459,850
4.63%, 06/01/25 (Call 05/01/25)(a)		2,682		2,656,616
5.25%, 06/01/28 (Call 05/01/28)(a)		4,278		4,285,972
5.30%, 03/15/27 (Call 02/15/27)		1,635		1,636,972
5.38%, 03/15/29 (Call 02/15/29)		2,325		2,323,304
5.65%, 03/01/28 (Call 02/01/28)(a)		3,440		3,496,736
6.30%, 12/01/28 (Call 11/01/28)(a)		2,705		2,818,049
TTX Co., 5.50%, 09/25/26 (Call 08/25/26)(b)		2,245		2,251,110
Union Pacific Corp.
2.15%, 02/05/27 (Call 12/05/26)		1,120		1,039,412
2.75%, 03/01/26 (Call 12/01/25)(a)		4,094		3,921,344
3.00%, 04/15/27 (Call 01/15/27)(a)		3,323		3,150,120
3.25%, 08/15/25 (Call 05/15/25)		3,201		3,118,559
3.75%, 07/15/25 (Call 05/15/25)		3,322		3,259,585
3.95%, 09/10/28 (Call 06/10/28)(a)		6,775		6,571,545
4.75%, 02/21/26 (Call 01/21/26)(a)		3,130		3,122,580
6.63%, 02/01/29(a)		270		292,002
United Parcel Service Inc.
2.40%, 11/15/26 (Call 08/15/26)(a)		1,147		1,080,784
3.05%, 11/15/27 (Call 08/15/27)		6,396		6,014,032
3.90%, 04/01/25 (Call 03/01/25)(a)		6,707		6,615,750
Walmart Inc.
1.05%, 09/17/26 (Call 08/17/26)(a)		7,792		7,118,455
1.50%, 09/22/28 (Call 07/22/28)(a)		2,770		2,432,416
3.95%, 09/09/27 (Call 08/09/27)(a)		7,455		7,307,793
XPO Inc., 6.25%, 06/01/28 (Call 06/01/25)(a)(b)		5,090		5,101,447
				170,180,640
Trucking & Leasing — 0.4%
DAE Funding LLC
2.63%, 03/20/25 (Call 02/20/25)(a)(b)		6,547		6,290,279
3.38%, 03/20/28 (Call 01/20/28)(a)(b)		5,820		5,331,411
GATX Corp.
3.25%, 03/30/25 (Call 12/30/24)(a)		3,045		2,966,478
3.25%, 09/15/26 (Call 06/15/26)		2,964		2,818,804
3.50%, 03/15/28 (Call 12/15/27)		915		857,713
3.85%, 03/30/27 (Call 12/30/26)(a)		1,988		1,904,621
4.55%, 11/07/28 (Call 08/07/28)(a)		525		511,792
5.40%, 03/15/27 (Call 02/15/27)		555		556,127

S C H E D U L E  O F  I N V E S T M E N T S 179

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Trucking & Leasing (continued)
Penske Truck Leasing Co. LP/PTL Finance Corp.
1.20%, 11/15/25 (Call 10/15/25)(b)	$	4,749	$	4,411,254
1.70%, 06/15/26 (Call 05/15/26)(a)(b)		4,950		4,556,445
3.40%, 11/15/26 (Call 08/15/26)(a)(b)		3,707		3,509,929
3.95%, 03/10/25 (Call 01/10/25)(b)		4,574		4,487,259
4.00%, 07/15/25 (Call 06/15/25)(b)		3,284		3,208,866
4.20%, 04/01/27 (Call 01/01/27)(a)(b)		2,796		2,697,142
4.40%, 07/01/27 (Call 06/01/27)(a)(b)		4,825		4,681,914
4.45%, 01/29/26 (Call 11/29/25)(a)(b)		2,577		2,513,649
5.35%, 01/12/27 (Call 12/12/26)(a)(b)		2,110		2,104,105
5.55%, 05/01/28 (Call 04/01/28)(a)(b)		4,900		4,929,609
5.70%, 02/01/28 (Call 01/01/28)(a)(b)		4,615		4,656,837
5.75%, 05/24/26 (Call 04/24/26)(a)(b)		4,570		4,593,719
5.88%, 11/15/27 (Call 10/15/27)(a)(b)		3,295		3,345,672
6.05%, 08/01/28 (Call 07/01/28)(a)(b)		7,165		7,328,583
SMBC Aviation Capital Finance DAC
1.90%, 10/15/26 (Call 09/15/26)(b)		3,946		3,587,970
2.30%, 06/15/28 (Call 04/15/28)(b)		1,920		1,684,968
5.45%, 05/03/28 (Call 04/03/28)(a)(b)		5,225		5,214,415
				88,749,561
Venture Capital — 0.0%
Hercules Capital Inc.
2.63%, 09/16/26 (Call 08/16/26)(a)		2,098		1,889,785
3.38%, 01/20/27 (Call 12/20/26)(a)		2,515		2,281,463
				4,171,248
Water — 0.0%
American Water Capital Corp.
2.95%, 09/01/27 (Call 06/01/27)(a)		4,307		4,015,037
3.00%, 12/01/26 (Call 09/01/26)		195		183,358
3.40%, 03/01/25 (Call 12/01/24)(a)		4,210		4,126,563
3.75%, 09/01/28 (Call 06/01/28)		1,350		1,281,440
United Utilities PLC, 6.88%, 08/15/28(a)		1,200		1,271,874
				10,878,272
Total Corporate Bonds & Notes — 98.4% (Cost: $21,586,851,444)				21,003,717,724
Foreign Government Obligations(f)
Panama — 0.0%
Banco Latinoamericano de Comercio Exterior SA, 2.38%, 09/14/25 (Call 08/15/25)(b)		5,095		4,795,669
South Korea — 0.4%
Korea Electric Power Corp.
1.13%, 06/15/25(a)(b)		3,527		3,342,001
3.63%, 06/14/25(b)		3,345		3,272,862
4.00%, 06/14/27(a)(b)		3,040		2,934,919
4.88%, 01/31/27(b)		465		464,192
5.38%, 04/06/26(a)(b)		4,270		4,280,481
5.38%, 07/31/26(a)(b)		740		741,956
5.50%, 04/06/28(a)(b)		2,990		3,039,610
7.00%, 02/01/27(a)		2,284		2,395,008
Korea Gas Corp.
1.13%, 07/13/26(a)(b)		4,746		4,317,983
2.25%, 07/18/26(a)(b)		2,865		2,676,379
3.13%, 07/20/27(a)(b)		1,105		1,036,568
3.50%, 07/02/26(a)(b)		4,525		4,351,556
3.88%, 07/13/27(a)(b)		3,470		3,338,992

Security	Par (000)		Value
South Korea (continued)
4.88%, 07/05/28(a)(b)	$	4,080	$	4,056,040
Korea Housing Finance Corp.
4.63%, 02/24/28(b)		4,230		4,189,944
5.38%, 11/15/26(a)(b)		805		812,283
Korea Hydro & Nuclear Power Co. Ltd.
1.25%, 04/27/26(b)		4,320		3,960,768
3.13%, 07/25/27(b)		3,063		2,869,755
4.25%, 07/27/27(b)		3,680		3,574,942
5.00%, 07/18/28(a)(b)		4,045		4,039,054
Korea National Oil Corp.
0.88%, 10/05/25(b)		370		344,969
1.25%, 04/07/26(b)		3,000		2,761,888
1.75%, 04/18/25(a)(b)		5,000		4,800,956
2.13%, 04/18/27(b)		5,000		4,567,379
2.50%, 10/24/26(b)		4,609		4,295,423
2.63%, 04/14/26(b)		1,966		1,861,841
3.25%, 10/01/25(b)		1,734		1,678,978
3.38%, 03/27/27(b)		3,000		2,853,015
4.75%, 04/03/26(b)		2,000		1,973,480
4.88%, 04/03/28(b)		3,000		2,962,410
				87,795,632
Total Foreign Government Obligations — 0.4% (Cost: $96,009,815)				92,591,301
Total Long-Term Investments — 98.8% (Cost: $21,682,861,259)				21,096,309,025
	Shares
Short-Term Securities
Money Market Funds — 7.9%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(g)(h)(i)		1,626,047,630		1,626,860,654
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(g)(h)		49,160,000		49,160,000
Total Short-Term Securities — 7.9% (Cost: $1,675,363,139)				1,676,020,654
Total Investments — 106.7% (Cost: $23,358,224,398)				22,772,329,679
Liabilities in Excess of Other Assets — (6.7)%				(1,420,666,360	)
Net Assets — 100.0%			$	21,351,663,319

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

^(b)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(d)  Perpetual security with no stated maturity date.

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

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

^(g)  Affiliate of the Fund.

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

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

180 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 1-5 Year Investment Grade Corporate Bond ETF

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)					Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,565,570,896	$	61,530,956	(a)	$	—	$	143,234			$	(384,432	)	$	1,626,860,654		1,626,047,630	$	5,854,331	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		41,030,000		8,130,000	(a)		—		—				—			49,160,000		49,160,000		2,710,497			—
								$	143,234			$	(384,432	)	$	1,676,020,654			$	8,564,828		$	—

^(a)  Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

	Level 1			Level 2			Level 3			Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—		$	21,003,717,724		$	—		$	21,003,717,724
Foreign Government Obligations		—			92,591,301			—			92,591,301
Short-Term Securities
Money Market Funds		1,676,020,654			—			—			1,676,020,654
	$	1,676,020,654		$	21,096,309,025		$	—		$	22,772,329,679

See notes to financial statements.

S C H E D U L E  O F  I N V E S T M E N T S 181

Schedule of Investments February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.1%
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)(a)	$	1,832	$	1,526,977
4.75%, 03/30/30 (Call 12/30/29)(a)		4,689		4,561,833
5.38%, 06/15/33 (Call 03/15/33)		1,745		1,726,031
Omnicom Group Inc.
2.45%, 04/30/30 (Call 01/30/30)		3,278		2,800,004
2.60%, 08/01/31 (Call 05/01/31)(a)		3,899		3,271,276
4.20%, 06/01/30 (Call 03/01/30)		3,589		3,399,221
				17,285,342
Aerospace & Defense — 1.2%
BAE Systems PLC
1.90%, 02/15/31 (Call 11/15/30)(a)(b)		5,741		4,647,489
3.40%, 04/15/30 (Call 01/15/30)(b)		7,789		7,054,727
Boeing Co. (The)
2.95%, 02/01/30 (Call 11/01/29)		4,673		4,095,637
3.20%, 03/01/29 (Call 12/01/28)		5,457		4,936,954
3.63%, 02/01/31 (Call 11/01/30)		8,264		7,401,233
5.15%, 05/01/30 (Call 02/01/30)		25,451		25,025,100
6.13%, 02/15/33(a)		1,820		1,887,503
General Dynamics Corp.
2.25%, 06/01/31 (Call 03/01/31)(a)		2,998		2,519,093
3.63%, 04/01/30 (Call 01/01/30)(a)		6,029		5,631,666
HEICO Corp., 5.35%, 08/01/33 (Call 05/01/33)(a)		4,338		4,315,857
L3Harris Technologies Inc.
1.80%, 01/15/31 (Call 10/15/30)		4,319		3,475,263
2.90%, 12/15/29 (Call 09/15/29)		2,788		2,472,074
5.40%, 07/31/33 (Call 04/30/33)		9,793		9,799,927
Lockheed Martin Corp.
1.85%, 06/15/30 (Call 03/15/30)		2,962		2,477,466
3.90%, 06/15/32 (Call 03/15/32)(a)		4,812		4,466,891
4.75%, 02/15/34 (Call 11/15/33)(a)		140		136,792
5.25%, 01/15/33 (Call 10/15/32)(a)		5,668		5,785,171
Northrop Grumman Corp.
4.40%, 05/01/30 (Call 02/01/30)		5,016		4,832,245
4.70%, 03/15/33 (Call 12/15/32)(a)		6,580		6,351,730
4.90%, 06/01/34 (Call 03/01/34)		3,200		3,114,947
Northrop Grumman Systems Corp., 7.75%, 02/15/31(a)		607		689,905
RTX Corp.
1.90%, 09/01/31 (Call 06/01/31)		5,611		4,474,283
2.25%, 07/01/30 (Call 04/01/30)(a)		6,292		5,325,193
2.38%, 03/15/32 (Call 12/15/31)		5,805		4,727,171
5.15%, 02/27/33 (Call 11/27/32)		7,008		6,939,210
6.00%, 03/15/31 (Call 01/15/31)		5,775		6,014,492
6.10%, 03/15/34 (Call 12/15/33)(a)		6,543		6,908,295
7.50%, 09/15/29		2,823		3,131,547
				148,637,861
Agriculture — 1.5%
Altria Group Inc.
2.45%, 02/04/32 (Call 11/04/31)(a)		10,240		8,201,109
3.40%, 05/06/30 (Call 02/06/30)(a)		11,936		10,742,788
6.88%, 11/01/33 (Call 08/01/33)		2,195		2,371,420
Archer-Daniels-Midland Co.
2.90%, 03/01/32 (Call 12/01/31)		4,609		3,929,752
3.25%, 03/27/30 (Call 12/27/29)		5,851		5,290,313
4.50%, 08/15/33 (Call 05/15/33)(a)		1,900		1,817,741
5.94%, 10/01/32(a)		830		875,432

Security	Par (000)		Value
Agriculture (continued)
BAT Capital Corp.
2.73%, 03/25/31 (Call 12/25/30)	$	7,149	$	5,893,639
3.46%, 09/06/29 (Call 06/06/29)		3,169		2,867,424
4.74%, 03/16/32 (Call 12/16/31)(a)		5,197		4,888,937
4.91%, 04/02/30 (Call 01/02/30)(a)		6,381		6,201,362
5.83%, 02/20/31 (Call 12/20/30)		1,545		1,539,657
6.00%, 02/20/34 (Call 11/20/33)		1,700		1,681,771
6.34%, 08/02/30 (Call 06/02/30)		5,088		5,254,367
6.42%, 08/02/33 (Call 05/02/33)(a)		7,738		7,960,093
7.75%, 10/19/32 (Call 07/19/32)(a)		3,407		3,807,629
Bunge Ltd. Finance Corp., 2.75%, 05/14/31 (Call 02/14/31)		5,949		5,058,854
Cargill Inc.
1.70%, 02/02/31 (Call 11/02/30)(a)(b)		2,958		2,380,215
2.13%, 04/23/30 (Call 01/23/30)(a)(b)		4,959		4,215,821
2.13%, 11/10/31 (Call 08/10/31)(a)(b)		5,758		4,682,391
3.25%, 05/23/29 (Call 02/23/29)(a)(b)		2,848		2,652,992
4.00%, 06/22/32 (Call 03/22/32)(b)		3,845		3,548,890
4.75%, 04/24/33 (Call 01/24/33)(b)		3,064		2,972,100
5.13%, 10/11/32 (Call 07/11/32)(b)		2,970		2,957,675
Imperial Brands Finance PLC, 3.88%, 07/26/29 (Call 04/26/29)(a)(b)		5,690		5,259,413
JT International Financial Services BV, 6.88%, 10/24/32 (Call 07/24/32)(b)		3,005		3,323,939
Philip Morris International Inc.
1.75%, 11/01/30 (Call 08/01/30)(a)		3,995		3,228,218
2.10%, 05/01/30 (Call 02/01/30)		4,501		3,797,157
3.38%, 08/15/29 (Call 05/15/29)(a)		4,785		4,394,678
5.13%, 02/15/30 (Call 12/15/29)		11,351		11,296,059
5.13%, 02/13/31 (Call 12/13/30)		4,560		4,491,157
5.25%, 02/13/34 (Call 11/13/33)(a)		5,055		4,938,731
5.38%, 02/15/33 (Call 11/15/32)		12,708		12,647,142
5.50%, 09/07/30 (Call 07/07/30)		3,505		3,537,700
5.63%, 11/17/29 (Call 09/17/29)		7,566		7,747,035
5.63%, 09/07/33 (Call 06/07/33)		5,880		5,942,791
5.75%, 11/17/32 (Call 08/17/32)		8,503		8,673,555
Viterra Finance BV
3.20%, 04/21/31 (Call 01/21/31)(b)		3,380		2,900,855
5.25%, 04/21/32 (Call 01/21/32)(a)(b)		1,805		1,756,872
				185,727,674
Airlines — 0.0%
Southwest Airlines Co., 2.63%, 02/10/30 (Call 11/10/29)		3,826		3,308,889
Apparel — 0.3%
NIKE Inc., 2.85%, 03/27/30 (Call 12/27/29)(a)		9,193		8,276,773
Ralph Lauren Corp., 2.95%, 06/15/30 (Call 03/15/30)(a)		4,555		4,051,872
Tapestry Inc.
3.05%, 03/15/32 (Call 12/15/31)(a)		3,072		2,489,226
7.70%, 11/27/30 (Call 09/27/30)(a)		8,560		9,076,589
7.85%, 11/27/33 (Call 08/27/33)(a)		6,445		6,971,853
VF Corp.
2.95%, 04/23/30 (Call 01/23/30)(a)		4,460		3,676,218
6.00%, 10/15/33(a)		380		369,140
				34,911,671
Auto Manufacturers — 2.5%
American Honda Finance Corp.
1.80%, 01/13/31(a)		3,503		2,875,946
4.60%, 04/17/30(a)		4,460		4,369,269
4.90%, 01/10/34(a)		2,415		2,353,591

182 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Auto Manufacturers (continued)
5.85%, 10/04/30	$	3,194	$	3,321,710
BMW Finance NV, 2.85%, 08/14/29 (Call 05/14/29)(a)(b)		2,930		2,674,425
BMW U.S. Capital LLC
1.95%, 08/12/31 (Call 05/12/31)(b)		2,912		2,364,972
2.55%, 04/01/31 (Call 01/01/31)(a)(b)		3,040		2,602,144
3.63%, 04/18/29 (Call 01/18/29)(a)(b)		3,360		3,181,803
3.70%, 04/01/32 (Call 01/01/32)(b)		2,630		2,382,739
4.15%, 04/09/30 (Call 01/09/30)(a)(b)		6,282		6,036,948
5.15%, 08/11/33 (Call 05/11/33)(a)(b)		3,005		3,005,456
Cummins Inc.
1.50%, 09/01/30 (Call 06/01/30)		5,043		4,076,097
5.15%, 02/20/34 (Call 11/20/33)		735		733,960
Daimler Trucks Finance North America LLC
2.50%, 12/14/31(b)		4,470		3,665,385
5.38%, 01/18/34 (Call 10/18/33)(a)(b)		1,270		1,265,678
5.50%, 09/20/33(b)		4,973		5,002,792
Ford Holdings LLC, 9.30%, 03/01/30		305		351,256
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)		16,486		13,519,459
6.10%, 08/19/32 (Call 05/19/32)(a)		9,975		9,957,518
7.45%, 07/16/31(a)		7,700		8,301,435
9.63%, 04/22/30 (Call 01/22/30)(a)		1,050		1,226,632
Ford Motor Credit Co. LLC
3.63%, 06/17/31 (Call 03/17/31)(a)		4,740		4,040,809
4.00%, 11/13/30 (Call 08/13/30)		8,785		7,767,282
5.11%, 05/03/29 (Call 02/03/29)		5,305		5,112,247
6.05%, 03/05/31 (Call 01/05/31)(a)		4,820		4,798,167
7.12%, 11/07/33 (Call 08/07/33)		7,235		7,711,748
7.20%, 06/10/30 (Call 04/10/30)(a)		5,203		5,479,334
7.35%, 03/06/30 (Call 01/06/30)(a)		8,150		8,639,019
General Motors Co.
5.40%, 10/15/29 (Call 08/15/29)		7,872		7,852,813
5.60%, 10/15/32 (Call 07/15/32)(a)		7,495		7,479,612
General Motors Financial Co. Inc.
2.35%, 01/08/31 (Call 10/08/30)		5,825		4,750,341
2.70%, 06/10/31 (Call 03/10/31)		5,845		4,818,301
3.10%, 01/12/32 (Call 10/12/31)(a)		7,221		6,032,068
3.60%, 06/21/30 (Call 03/21/30)(a)		7,234		6,472,538
4.30%, 04/06/29 (Call 02/06/29)		5,512		5,229,851
5.75%, 02/08/31 (Call 12/08/30)(a)		1,260		1,256,340
5.85%, 04/06/30 (Call 02/06/30)(a)		3,725		3,774,189
6.10%, 01/07/34 (Call 10/07/33)		9,230		9,330,973
6.40%, 01/09/33 (Call 10/09/32)(a)		5,975		6,211,485
Honda Motor Co. Ltd., 2.97%, 03/10/32 (Call 12/10/31)		5,293		4,650,490
Hyundai Capital America
5.40%, 01/08/31 (Call 11/08/30)(a)(b)		1,655		1,656,742
5.70%, 06/26/30 (Call 04/26/30)(a)(b)		2,974		3,022,649
5.80%, 04/01/30 (Call 02/01/30)(b)		2,820		2,879,059
6.20%, 09/21/30 (Call 07/21/30)(a)(b)		3,168		3,307,913
6.38%, 04/08/30 (Call 01/08/30)(a)(b)		3,503		3,684,590
Mercedes-Benz Finance North America LLC
2.45%, 03/02/31(a)(b)		1,932		1,652,894
2.63%, 03/10/30(a)(b)		2,782		2,431,862
3.10%, 08/15/29(b)		3,310		3,016,990
5.00%, 01/11/34(a)(b)		1,935		1,899,508
5.05%, 08/03/33(a)(b)		4,045		4,012,699
8.50%, 01/18/31(a)		8,918		10,838,592
Nissan Motor Co. Ltd., 4.81%, 09/17/30 (Call 06/17/30)(a)(b)		13,805		12,710,753

Security	Par (000)		Value
Auto Manufacturers (continued)
Stellantis Finance U.S. Inc.
2.69%, 09/15/31 (Call 06/15/31)(a)(b)	$	6,042	$	5,000,272
6.38%, 09/12/32 (Call 06/12/32)(a)(b)		4,093		4,355,095
Toyota Motor Corp.
2.36%, 03/25/31 (Call 12/25/30)(a)		2,608		2,250,545
2.76%, 07/02/29(a)		2,262		2,084,080
5.12%, 07/13/33 (Call 04/13/33)(a)		2,380		2,499,636
Toyota Motor Credit Corp.
1.65%, 01/10/31(a)		3,321		2,694,393
1.90%, 09/12/31		2,927		2,378,528
2.15%, 02/13/30		5,359		4,602,820
2.40%, 01/13/32(a)		1,598		1,337,315
3.38%, 04/01/30		5,619		5,168,645
4.45%, 06/29/29(a)		4,516		4,437,974
4.55%, 05/17/30(a)		4,150		4,071,048
4.70%, 01/12/33(a)		3,128		3,086,131
4.80%, 01/05/34		5,100		4,973,942
5.55%, 11/20/30		1,750		1,807,228
Volkswagen Group of America Finance LLC
3.75%, 05/13/30(a)(b)		3,061		2,837,701
4.60%, 06/08/29 (Call 04/08/29)(a)(b)		2,821		2,746,869
5.90%, 09/12/33 (Call 06/12/33)(a)(b)		2,815		2,861,408
6.45%, 11/16/30 (Call 09/16/30)(a)(b)		2,515		2,656,711
				307,641,414
Auto Parts & Equipment — 0.1%
Aptiv PLC, 4.35%, 03/15/29 (Call 12/15/28)(a)		587		567,736
Aptiv PLC/Aptiv Corp., 3.25%, 03/01/32 (Call 12/01/31)(a)		5,111		4,407,161
Lear Corp.
2.60%, 01/15/32 (Call 10/15/31)(a)		2,320		1,877,643
3.50%, 05/30/30 (Call 02/28/30)(a)		2,607		2,328,798
4.25%, 05/15/29 (Call 02/15/29)(a)		2,034		1,934,837
Magna International Inc.
2.45%, 06/15/30 (Call 03/15/30)		4,628		3,982,380
5.50%, 03/21/33 (Call 12/21/32)(a)		3,041		3,118,237
				18,216,792
Banks — 23.4%
ABN AMRO Bank NV, 3.32%, 03/13/37 (Call 12/13/31), (5-year CMT + 1.900%)(a)(b)(c)		4,926		3,917,034
ANZ New Zealand Int’l Ltd./London, 2.55%, 02/13/30(a)(b)		3,383		2,927,222
ASB Bank Ltd.
2.38%, 10/22/31(a)(b)		2,665		2,156,609
5.28%, 06/17/32 (Call 06/17/27), (5-year CMT + 2.250%)(b)(c)		2,345		2,303,585
Australia & New Zealand Banking Group Ltd.
2.57%, 11/25/35 (Call 11/25/30), (5-year CMT + 1.700%)(a)(b)(c)		7,451		6,028,107
6.74%, 12/08/32(a)(b)		6,673		7,087,424
Banco Bilbao Vizcaya Argentaria SA, 7.88%,
11/15/34 (Call 11/15/33),
(1-year CMT + 3.300%)(c)		4,100		4,370,823
Banco de Chile, 2.99%, 12/09/31 (Call 09/09/31)(a)(b)		915		782,956
Banco de Credito e Inversiones SA, 2.88%, 10/14/31 (Call 07/14/31)(a)(b)		1,355		1,146,195
Banco Nacional de Panama, 2.50%, 08/11/30
(Call 05/11/30)(b)		6,385		4,820,675

S C H E D U L E  O F  I N V E S T M E N T S 183

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Banco Santander Chile, 3.18%, 10/26/31 (Call 07/28/31)(b)	$	1,460	$	1,266,324
Banco Santander SA
2.75%, 12/03/30		9,745		7,926,354
2.96%, 03/25/31(a)		5,996		5,114,058
3.23%, 11/22/32 (Call 08/22/31), (1-year CMT + 1.600%)(a)(c)		5,594		4,627,394
3.31%, 06/27/29		5,802		5,262,735
3.49%, 05/28/30		5,717		5,128,137
6.92%, 08/08/33		9,865		10,243,936
6.94%, 11/07/33		10,420		11,359,431
Bangkok Bank PCL/Hong Kong
3.47%, 09/23/36 (Call 09/23/31), (5-year CMT + 2.150%)(a)(b)(c)		4,715		3,959,899
5.50%, 09/21/33 (Call 06/21/33)(a)(b)		3,100		3,113,270
9.03%, 03/15/29(a)(b)		1,360		1,556,301
Bank of America Corp.
1.90%, 07/23/31 (Call 07/23/30), (1-day SOFR + 1.530%)(c)		16,294		13,224,405
1.92%, 10/24/31 (Call 10/24/30), (1-day SOFR + 1.370%)(c)		14,707		11,867,487
2.30%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.220%)(c)		19,679		15,928,564
2.48%, 09/21/36 (Call 09/21/31), (5-year CMT + 1.200%)(c)		11,628		9,167,039
2.50%, 02/13/31 (Call 02/13/30), (3-mo. SOFR + 1.252%)(c)		20,377		17,371,404
2.57%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.210%)(c)		18,570		15,219,982
2.59%, 04/29/31 (Call 04/29/30), (1-day SOFR + 2.150%)(c)		17,983		15,369,843
2.69%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.320%)(c)		25,795		21,601,435
2.88%, 10/22/30 (Call 10/22/29), (3-mo. SOFR + 1.452%)(c)		11,644		10,254,400
2.97%, 02/04/33 (Call 02/04/32), (1-day SOFR + 1.330%)(c)		20,698		17,384,374
3.19%, 07/23/30 (Call 07/23/29), (3-mo. SOFR + 1.442%)(a)(c)		14,262		12,839,026
3.85%, 03/08/37 (Call 03/08/32), (5-year CMT + 2.000%)(c)		14,233		12,425,600
4.57%, 04/27/33 (Call 04/27/32), (1-day SOFR + 1.830%)(c)		23,050		21,670,043
5.02%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.160%)(a)(c)		28,087		27,376,999
5.29%, 04/25/34 (Call 04/25/33), (1-day SOFR + 1.910%)(a)(c)		28,063		27,665,659
5.47%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.650%)(a)(c)		26,235		26,159,108
5.87%, 09/15/34 (Call 09/15/33), (1-day SOFR + 1.840%)(c)		23,200		23,789,552
Series N, 2.65%, 03/11/32 (Call 03/11/31), (1-day SOFR + 1.220%)(c)		11,740		9,825,056
Bank of Montreal, 3.09%, 01/10/37 (Call 01/10/32), (5-year CMT + 1.400%)(c)		6,347		5,138,074
Bank of New York Mellon Corp. (The)
1.65%, 01/28/31 (Call 10/28/30)(a)		1,993		1,604,634
1.80%, 07/28/31 (Call 04/28/31)(a)		2,776		2,237,672
2.50%, 01/26/32 (Call 10/26/31)(a)		2,849		2,381,385
3.30%, 08/23/29 (Call 05/23/29)(a)		4,684		4,298,040
3.85%, 04/26/29 (Call 02/26/29)		1,835		1,757,548

Security	Par (000)		Value
Banks (continued)
4.29%, 06/13/33 (Call 06/13/32), (1-day SOFR + 1.418%)(c)	$	4,530	$	4,237,754
4.60%, 07/26/30 (Call 07/26/29), (1-day SOFR + 1.755%)(a)(c)		2,905		2,837,057
4.71%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.511%)(a)(c)		4,313		4,133,873
4.97%, 04/26/34 (Call 04/26/33), (1-day SOFR + 1.606%)(a)(c)		5,741		5,594,690
5.83%, 10/25/33 (Call 10/25/32), (1-day SOFR + 2.074%)(c)		8,692		9,026,219
6.47%, 10/25/34 (Call 10/25/33), (1-day SOFR + 1.845%)(c)		6,240		6,768,848
Bank of New Zealand, 2.87%, 01/27/32(a)(b)		1,045		872,444
Bank of Nova Scotia (The)
2.15%, 08/01/31		3,375		2,757,243
2.45%, 02/02/32		5,326		4,371,169
4.59%, 05/04/37 (Call 02/04/32), (5-year CMT + 2.050%)(a)(c)		6,665		5,961,315
4.85%, 02/01/30		8,215		8,105,695
5.65%, 02/01/34		4,245		4,309,028
BankUnited Inc., 5.13%, 06/11/30 (Call 03/11/30)(a)		1,948		1,763,356
Barclays PLC
2.65%, 06/24/31 (Call 06/24/30), (1-year CMT + 1.900%)(c)		5,767		4,801,126
2.67%, 03/10/32 (Call 03/10/31), (1-year CMT + 1.200%)(c)		5,603		4,567,242
2.89%, 11/24/32 (Call 11/24/31), (1-year CMT + 1.300%)(c)		7,203		5,865,615
3.56%, 09/23/35 (Call 09/23/30), (5-year CMT + 2.900%)(c)		5,133		4,302,382
5.09%, 06/20/30 (Call 06/20/29), (3-mo. LIBOR US + 3.054%)(c)		8,451		8,006,008
5.75%, 08/09/33 (Call 08/09/32), (1-year CMT + 3.000%)(a)(c)		5,592		5,542,869
6.22%, 05/09/34 (Call 05/09/33), (1-day SOFR + 2.980%)(c)		12,198		12,350,244
6.69%, 09/13/34 (Call 09/13/33), (1-day SOFR + 2.620%)(a)(c)		9,355		9,785,096
7.12%, 06/27/34 (Call 06/27/33), (1-day SOFR + 3.570%)(a)(c)		9,055		9,399,237
7.44%, 11/02/33 (Call 11/02/32), (1-year CMT + 3.500%)(c)		11,874		12,990,159
BNP Paribas SA
2.59%, 08/12/35 (Call 08/12/30), (5-year CMT + 2.050%)(b)(c)		7,695		6,149,557
2.87%, 04/19/32 (Call 04/19/31), (1-day SOFR + 1.387%)(b)(c)		13,577		11,352,759
3.05%, 01/13/31 (Call 01/13/30), (1-day SOFR + 1.507%)(a)(b)(c)		3,955		3,448,552
3.13%, 01/20/33 (Call 01/20/32), (1-day SOFR + 1.561%)(a)(b)(c)		7,993		6,724,000
5.34%, 06/12/29 (Call 06/12/28), (1-year CMT + 1.500%)(b)(c)		100		99,954
5.50%, 05/20/30 (Call 05/20/29), (1-day SOFR + 1.590%)(b)(c)		4,805		4,783,463
5.74%, 02/20/35 (Call 02/20/34), (1-day SOFR + 1.880%)(b)(c)		6,380		6,317,449
5.89%, 12/05/34 (Call 12/05/33), (1-day SOFR + 1.866%)(a)(b)(c)		11,915		12,177,734

184 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
BPCE SA
2.28%, 01/20/32 (Call 01/20/31), (1-day SOFR + 1.312%)(a)(b)(c)	$	7,062	$	5,652,619
2.70%, 10/01/29(a)(b)		5,185		4,543,713
3.12%, 10/19/32 (Call 10/19/31), (1-day SOFR + 1.730%)(b)(c)		5,971		4,815,350
3.65%, 01/14/37 (Call 01/14/32), (5-year CMT + 1.900%)(b)(c)		1,705		1,381,485
5.75%, 07/19/33 (Call 07/19/32), (1-day SOFR + 2.865%)(a)(b)(c)		5,338		5,280,102
6.51%, 01/18/35 (Call 01/18/34), (1-year CMT + 2.791%)(b)(c)		3,375		3,344,093
7.00%, 10/19/34 (Call 10/19/33), (1-day SOFR + 2.590%)(a)(b)(c)		9,283		9,905,350
CaixaBank SA, 6.84%, 09/13/34
(Call 09/13/33),
(1-day SOFR + 2.770%)(a)(b)(c)		2,320		2,439,323
Canadian Imperial Bank of Commerce
3.60%, 04/07/32 (Call 03/07/32)(a)		5,718		5,110,596
6.09%, 10/03/33 (Call 07/03/33)(a)		6,120		6,352,653
Citigroup Inc.
2.52%, 11/03/32 (Call 11/03/31), (1-day SOFR + 1.177%)(c)		10,613		8,614,456
2.56%, 05/01/32 (Call 05/01/31), (1-day SOFR + 1.167%)(c)		17,539		14,440,321
2.57%, 06/03/31 (Call 06/03/30), (1-day SOFR + 2.107%)(c)		20,790		17,580,307
2.67%, 01/29/31 (Call 01/29/30), (1-day SOFR + 1.146%)(c)		10,849		9,307,744
2.98%, 11/05/30 (Call 11/05/29), (1-day SOFR + 1.422%)(a)(c)		13,283		11,706,313
3.06%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.351%)(c)		17,515		14,706,311
3.79%, 03/17/33 (Call 03/17/32), (1-day SOFR + 1.939%)(c)		15,395		13,622,019
3.98%, 03/20/30 (Call 03/20/29), (3-mo. SOFR + 1.600%)(a)(c)		14,870		13,938,556
4.41%, 03/31/31 (Call 03/31/30), (1-day SOFR + 3.914%)(c)		23,719		22,406,005
4.91%, 05/24/33 (Call 05/24/32), (1-day SOFR + 2.086%)(a)(c)		14,773		14,144,998
5.83%, 02/13/35 (Call 02/13/34), (1-day SOFR + 2.056%)(c)		12,020		11,760,014
5.88%, 02/22/33(a)		3,381		3,448,665
6.00%, 10/31/33(a)		3,610		3,731,111
6.17%, 05/25/34 (Call 05/25/33), (1-day SOFR + 2.661%)(c)		18,298		18,435,145
6.27%, 11/17/33 (Call 11/17/32), (1-day SOFR + 2.338%)(a)(c)		16,020		16,805,728
6.63%, 06/15/32		6,589		7,015,882
Citizens Financial Group Inc.
2.50%, 02/06/30 (Call 11/06/29)(a)		2,057		1,706,414
2.64%, 09/30/32 (Call 07/02/32)		1,270		964,308
3.25%, 04/30/30 (Call 01/30/30)(a)		4,186		3,621,729
5.64%, 05/21/37 (Call 05/21/32), (5-year CMT + 2.750%)(c)		2,140		1,964,374
Comerica Bank, 5.33%, 08/25/33
(Call 08/25/32), (1-day SOFR + 2.610%)(c)		1,943		1,734,970
Commonwealth Bank of Australia
1.88%, 09/15/31(a)(b)		4,063		3,263,909
2.69%, 03/11/31(b)		8,845		7,271,773

Security	Par (000)		Value
Banks (continued)
3.61%, 09/12/34 (Call 09/12/29), (5-year CMT + 2.050%)(b)(c)	$	6,370	$	5,666,767
3.78%, 03/14/32(a)(b)		6,365		5,567,813
Cooperatieve Rabobank UA, 3.76%, 04/06/33 (Call 04/06/32), (1-year CMT + 1.420%)(b)(c)		5,383		4,777,741
Credit Agricole SA
3.25%, 01/14/30(a)(b)		6,797		5,962,218
5.51%, 07/05/33(b)		6,175		6,288,366
6.25%, 01/10/35 (Call 01/10/34), (1-day SOFR + 2.670%)(b)(c)		6,405		6,399,993
Deutsche Bank AG/New York
3.04%, 05/28/32 (Call 05/28/31), (1-day SOFR + 1.718%)(c)		5,070		4,192,328
3.55%, 09/18/31 (Call 09/18/30), (1-day SOFR + 3.043%)(a)(c)		9,715		8,429,208
3.73%, 01/14/32 (Call 10/14/30), (1-day SOFR + 2.757%)(c)		7,110		5,823,814
3.74%, 01/07/33 (Call 10/07/31), (1-day SOFR + 2.257%)(a)(c)		6,850		5,505,113
5.88%, 07/08/31 (Call 04/08/30), (1-day SOFR + 5.438%)(a)(c)		2,500		2,393,094
7.08%, 02/10/34 (Call 11/10/32), (1-day SOFR + 3.650%)(a)(c)		8,175		8,148,318
Discover Bank, 2.70%, 02/06/30 (Call 11/06/29)(a)		2,728		2,319,295
Fifth Third Bancorp.
4.34%, 04/25/33 (Call 04/25/32), (1-day SOFR + 1.660%)(a)(c)		3,538		3,207,508
4.77%, 07/28/30 (Call 07/28/29), (1-day SOFR + 2.127%)(c)		5,865		5,596,463
5.63%, 01/29/32 (Call 01/29/31), (1-day SOFR + 1.840%)(a)(c)		1,970		1,952,370
First Horizon Bank, 5.75%, 05/01/30 (Call 02/01/30)(a)		2,159		2,017,194
Goldman Sachs Group Inc. (The)
1.99%, 01/27/32 (Call 01/27/31), (1-day SOFR + 1.090%)(c)		15,287		12,257,680
2.38%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.248%)(c)		28,746		23,393,038
2.60%, 02/07/30 (Call 11/07/29)		13,366		11,607,521
2.62%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.281%)(c)		22,409		18,632,650
2.65%, 10/21/32 (Call 10/21/31), (1-day SOFR + 1.264%)(c)		17,690		14,590,255
3.10%, 02/24/33 (Call 02/24/32), (1-day SOFR + 1.410%)(c)		23,041		19,539,239
3.80%, 03/15/30 (Call 12/15/29)(a)		16,184		15,047,704
6.13%, 02/15/33(a)		5,825		6,248,557
6.56%, 10/24/34 (Call 10/24/33), (1-day SOFR + 1.950%)(a)(c)		6,815		7,341,159
HBOS PLC, 6.00%, 11/01/33(b)		190		179,488
HSBC Capital Funding Dollar 1 LP, 10.18%,
(Call 06/30/30),
(3-mo. LIBOR US + 4.980%)(a)(b)(c)(d)		4,520		5,664,681
HSBC Holdings PLC
2.36%, 08/18/31 (Call 08/18/30), (1-day SOFR + 1.947%)(c)		9,156		7,533,581
2.80%, 05/24/32 (Call 05/24/31), (1-day SOFR + 1.187%)(c)		14,400		11,905,679
2.85%, 06/04/31 (Call 06/04/30), (1-day SOFR + 2.387%)(c)		9,125		7,766,631

S C H E D U L E  O F  I N V E S T M E N T S 185

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.87%, 11/22/32 (Call 11/22/31), (1-day SOFR + 1.410%)(c)	$	10,372	$	8,555,790
3.97%, 05/22/30 (Call 05/22/29), (3-mo. SOFR + 1.872%)(c)		16,562		15,356,713
4.76%, 03/29/33 (Call 03/29/32), (1-day SOFR + 2.530%)(c)		11,458		10,530,240
4.95%, 03/31/30		11,808		11,563,683
5.40%, 08/11/33 (Call 08/11/32), (1-day SOFR + 2.870%)(a)(c)		14,407		14,157,282
5.72%, 03/04/35 (Call 03/04/34), (1-day SOFR + 1.780%)(c)		8,000		7,972,093
6.25%, 03/09/34 (Call 03/09/33), (1-day SOFR + 2.390%)(a)(c)		13,046		13,537,222
6.55%, 06/20/34 (Call 06/20/33), (1-day SOFR + 2.980%)(c)		11,455		11,724,238
7.40%, 11/13/34 (Call 11/13/33), (1-day SOFR + 3.020%)(a)(c)		11,665		12,506,279
7.63%, 05/17/32(a)		2,030		2,250,696
8.11%, 11/03/33 (Call 11/03/32), (1-day SOFR + 4.250%)(a)(c)		11,317		12,779,417
Huntington Bancshares Inc./OH
2.49%, 08/15/36 (Call 08/15/31), (5-year CMT + 1.170%)(c)		2,746		2,077,254
2.55%, 02/04/30 (Call 11/04/29)(a)		4,322		3,646,405
5.02%, 05/17/33 (Call 05/17/32), (1-day SOFR + 2.050%)(a)(c)		2,303		2,177,137
5.71%, 02/02/35 (Call 02/02/34), (1-day SOFR + 1.870%)(a)(c)		620		611,732
Huntington National Bank (The), 5.65%, 01/10/30 (Call 11/10/29)		5,345		5,327,615
ING Groep NV
2.73%, 04/01/32 (Call 04/01/31), (1-day SOFR + 1.316%)(a)(c)		4,032		3,394,204
4.05%, 04/09/29(a)		5,158		4,877,940
4.25%, 03/28/33 (Call 03/28/32), (1-day SOFR + 2.070%)(a)(c)		5,265		4,846,715
6.11%, 09/11/34 (Call 09/11/33), (1-day SOFR + 2.090%)(c)		7,030		7,250,577
Intercorp Peru Ltd., 3.88%, 08/15/29 (Call 05/15/29)(a)(b)		1,020		893,724
Intesa Sanpaolo SpA
6.63%, 06/20/33(a)(b)		7,260		7,339,642
7.20%, 11/28/33(a)(b)		8,575		8,976,791
8.25%, 11/21/33 (Call 11/21/32), (1-year CMT + 4.400%)(b)(c)		6,883		7,469,466
Series NR, 4.00%, 09/23/29(b)		50		45,420
JPMorgan Chase & Co.
1.76%, 11/19/31 (Call 11/19/30), (3-mo. SOFR + 1.105%)(c)		8,981		7,232,712
1.95%, 02/04/32 (Call 02/04/31), (1-day SOFR + 1.065%)(a)(c)		18,105		14,560,437
2.52%, 04/22/31 (Call 04/22/30), (1-day SOFR + 2.040%)(c)		14,104		12,067,572
2.55%, 11/08/32 (Call 11/08/31), (1-day SOFR + 1.180%)(c)		17,368		14,301,455
2.58%, 04/22/32 (Call 04/22/31), (3-mo. SOFR + 1.250%)(a)(c)		20,827		17,426,071
2.74%, 10/15/30 (Call 10/15/29), (3-mo. SOFR + 1.510%)(c)		22,010		19,309,197
2.96%, 05/13/31 (Call 05/13/30), (3-mo. SOFR + 2.515%)(c)		16,508		14,338,403

Security	Par (000)		Value
Banks (continued)
2.96%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.260%)(c)	$	21,112	$	17,831,027
3.70%, 05/06/30 (Call 05/06/29), (3-mo. SOFR + 1.422%)(c)		14,238		13,265,411
4.49%, 03/24/31 (Call 03/24/30), (3-mo. SOFR + 3.790%)(c)		18,332		17,606,895
4.57%, 06/14/30 (Call 06/14/29), (1-day SOFR + 1.750%)(c)		11,956		11,583,410
4.59%, 04/26/33 (Call 04/26/32), (1-day SOFR + 1.800%)(c)		16,831		15,969,819
4.91%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.080%)(a)(c)		26,117		25,335,276
5.34%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.620%)(a)(c)		13,870		13,795,499
5.35%, 06/01/34 (Call 06/01/33), (1-day SOFR + 1.845%)(c)		23,060		22,957,839
5.72%, 09/14/33 (Call 09/14/32), (1-day SOFR + 2.580%)(a)(c)		20,716		20,975,577
6.25%, 10/23/34 (Call 10/23/33), (1-day SOFR + 1.810%)(c)		14,530		15,413,669
8.75%, 09/01/30		2,580		3,038,002
KBC Group NV, 6.32%, 09/21/34
(Call 09/21/33),
(1-year CMT + 2.050%)(a)(b)(c)		5,385		5,580,234
KeyBank NA, 5.00%, 01/26/33 (Call 10/26/32)		6,308		5,758,432
KeyBank NA/Cleveland OH
3.90%, 04/13/29 (Call 03/13/29)(a)		1,778		1,580,226
4.90%, 08/08/32(a)		4,210		3,693,641
KeyCorp
2.55%, 10/01/29(a)		4,200		3,512,736
4.79%, 06/01/33 (Call 06/01/32), (1-day SOFR + 2.060%)(c)		4,343		3,928,603
KKR Group Finance Co. XII LLC, 4.85%,
05/17/32 (Call 02/17/32)(a)(b)		5,165		4,929,885
Kookmin Bank, 2.50%, 11/04/30(b)		980		806,701
Lloyds Banking Group PLC
4.98%, 08/11/33 (Call 08/11/32), (1-year CMT + 2.300%)(a)(c)		6,935		6,600,131
5.68%, 01/05/35 (Call 01/05/34), (1-year CMT + 1.750%)(c)		11,620		11,488,329
7.95%, 11/15/33 (Call 08/15/32), (1-year CMT + 3.750%)(c)		5,445		6,056,703
M&T Bank Corp., 5.05%, 01/27/34 (Call 01/27/33), (1-day SOFR + 1.850%)(c)		5,973		5,483,588
Macquarie Bank Ltd.
3.05%, 03/03/36 (Call 03/03/31), (5-year CMT + 1.700%)(a)(b)(c)		4,728		3,849,373
3.62%, 06/03/30(a)(b)		4,198		3,682,130
6.80%, 01/18/33(a)(b)		6,713		7,073,130
Macquarie Group Ltd.
2.69%, 06/23/32 (Call 06/23/31), (1-day SOFR + 1.440%)(b)(c)		5,485		4,510,585
2.87%, 01/14/33 (Call 01/14/32), (3-mo. SOFR + 1.532%)(a)(b)(c)		6,778		5,577,215
4.44%, 06/21/33 (Call 06/21/32), (1-day SOFR + 2.405%)(a)(b)(c)		3,200		2,950,963
5.49%, 11/09/33 (Call 11/09/32), (1-day SOFR + 2.865%)(a)(b)(c)		4,620		4,580,207
5.89%, 06/15/34 (Call 06/15/33), (1-day SOFR + 2.380%)(a)(b)(c)		4,050		4,090,959

186 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.26%, 12/07/34 (Call 12/07/33), (1-day SOFR + 2.303%)(a)(b)(c)	$	5,150	$	5,328,657
Mitsubishi UFJ Financial Group Inc.
2.05%, 07/17/30		6,904		5,730,804
2.31%, 07/20/32 (Call 07/20/31), (1-year CMT + 0.950%)(c)		10,605		8,687,171
2.49%, 10/13/32 (Call 10/13/31), (1-year CMT + 0.970%)(c)		4,222		3,493,257
2.56%, 02/25/30(a)		6,449		5,585,035
2.85%, 01/19/33 (Call 01/19/32), (1-year CMT + 1.100%)(a)(c)		5,570		4,693,529
3.20%, 07/18/29		10,139		9,220,287
3.74%, 03/07/29		484		457,149
4.32%, 04/19/33 (Call 04/19/32), (1-year CMT + 1.550%)(a)(c)		3,295		3,083,414
5.13%, 07/20/33 (Call 07/20/32), (1-year CMT + 2.125%)(a)(c)		8,343		8,254,381
5.41%, 04/19/34 (Call 04/19/33), (1-year CMT + 1.970%)(a)(c)		5,675		5,736,623
5.44%, 02/22/34 (Call 02/22/33), (1-year CMT + 1.630%)(a)(c)		7,023		7,104,818
5.47%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.125%)(a)(c)		4,435		4,508,623
5.48%, 02/22/31 (Call 02/22/30), (1-year CMT + 1.530%)(a)(c)		2,795		2,815,847
Mizuho Financial Group Inc.
1.98%, 09/08/31 (Call 09/08/30), (3-mo. SOFR + 1.532%)(c)		4,375		3,543,311
2.17%, 05/22/32 (Call 05/22/31), (1-year CMT + 0.870%)(c)		3,141		2,538,426
2.20%, 07/10/31 (Call 07/10/30), (3-mo. SOFR +  1.772%)(a)(c)		5,634		4,659,685
2.26%, 07/09/32 (Call 07/09/31), (1-year CMT + 0.900%)(a)(c)		3,015		2,436,820
2.56%, 09/13/31		5,883		4,777,599
2.59%, 05/25/31 (Call 05/25/30), (3-mo. SOFR + 1.332%)(c)		2,798		2,382,628
2.87%, 09/13/30 (Call 09/13/29), (3-mo. SOFR +  1.572%)(a)(c)		2,934		2,582,403
3.15%, 07/16/30 (Call 07/16/29), (3-mo. SOFR + 1.392%)(c)		4,227		3,802,507
3.26%, 05/22/30 (Call 05/22/29), (1-year CMT + 1.250%)(c)		3,450		3,123,092
5.38%, 05/26/30 (Call 05/26/29), (1-year CMT + 1.120%)(c)		2,360		2,360,930
5.58%, 05/26/35 (Call 05/26/34), (1-year CMT + 1.300%)(c)		4,000		4,008,775
5.67%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.400%)(c)		4,018		4,075,863
5.74%, 05/27/31 (Call 05/27/30), (1-year CMT + 1.650%)(a)(c)		3,800		3,875,395
5.75%, 05/27/34 (Call 05/27/33), (1-year CMT + 1.800%)(a)(c)		5,568		5,685,275
5.75%, 07/06/34 (Call 07/06/33), (1-year CMT + 1.900%)(c)		7,025		7,165,306
Morgan Stanley
1.79%, 02/13/32 (Call 02/13/31), (1-day SOFR + 1.034%)(c)		20,906		16,552,739
1.93%, 04/28/32 (Call 04/28/31), (1-day SOFR + 1.020%)(c)		15,205		12,054,699

Security	Par (000)		Value
Banks (continued)
2.24%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.178%)(c)	$	20,838	$	16,787,415
2.48%, 09/16/36 (Call 09/16/31), (1-day SOFR + 1.360%)(c)		16,795		13,164,021
2.51%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.200%)(c)		14,127		11,567,627
2.70%, 01/22/31 (Call 01/22/30), (1-day SOFR + 1.143%)(c)		20,267		17,556,240
2.94%, 01/21/33 (Call 01/21/32), (1-day SOFR + 1.290%)(c)		14,402		12,078,815
3.62%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.120%)(c)		13,319		12,099,945
4.89%, 07/20/33 (Call 07/20/32), (1-day SOFR + 2.076%)(c)		11,408		10,957,929
5.25%, 04/21/34 (Call 04/21/33), (1-day SOFR + 1.870%)(a)(c)		18,520		18,177,999
5.30%, 04/20/37 (Call 04/20/32), (1-day SOFR + 2.620%)(c)		11,800		11,303,993
5.42%, 07/21/34 (Call 07/21/33), (1-day SOFR + 1.880%)(c)		13,720		13,638,529
5.47%, 01/18/35 (Call 01/18/34), (1-day SOFR + 1.730%)(a)(c)		14,175		14,158,319
5.94%, 02/07/39 (Call 02/07/34), (5-year CMT + 1.800%)(c)		6,605		6,503,949
5.95%, 01/19/38 (Call 01/19/33), (5-year CMT + 2.430%)(c)		11,250		11,220,339
6.34%, 10/18/33 (Call 10/18/32), (1-day SOFR + 2.560%)(a)(c)		16,925		17,938,192
6.63%, 11/01/34 (Call 11/01/33), (1-day SOFR + 2.050%)(a)(c)		11,375		12,325,790
7.25%, 04/01/32(a)		6,549		7,467,714
National Australia Bank Ltd.
2.33%, 08/21/30(b)		8,205		6,712,552
2.99%, 05/21/31(b)		6,780		5,652,193
3.35%, 01/12/37 (Call 01/12/32), (5-year CMT + 1.700%)(a)(b)(c)		6,470		5,397,999
3.93%, 08/02/34 (Call 08/02/29), (5-year CMT + 1.880%)(b)(c)		7,953		7,219,645
4.95%, 01/10/34(a)(b)		3,685		3,637,653
6.43%, 01/12/33(a)(b)		7,023		7,296,270
NatWest Group PLC
3.03%, 11/28/35 (Call 08/28/30), (5-year CMT + 2.350%)(c)		3,867		3,185,979
4.45%, 05/08/30 (Call 05/08/29), (3-mo. LIBOR US + 1.871%)(c)		6,992		6,619,530
5.78%, 03/01/35 (Call 03/01/34), (1-year CMT + 1.500%)(c)		2,600		2,594,829
6.02%, 03/02/34 (Call 03/02/33), (1-year CMT + 2.100%)(a)(c)		6,368		6,492,777
Norinchukin Bank (The)
2.08%, 09/22/31(a)(b)		7,645		6,184,149
5.07%, 09/14/32(a)(b)		1,500		1,483,237
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)(a)		5,370		4,536,495
3.15%, 05/03/29 (Call 02/03/29)(a)		2,665		2,468,454
6.13%, 11/02/32 (Call 08/02/32)(a)		5,568		5,862,238
PNC Bank NA, 2.70%, 10/22/29(a)		4,243		3,659,421
PNC Financial Services Group Inc. (The)
2.31%, 04/23/32 (Call 04/23/31), (1-day SOFR + 0.979%)(a)(c)		4,995		4,075,360
2.55%, 01/22/30 (Call 10/24/29)(a)		11,138		9,567,907

S C H E D U L E  O F  I N V E S T M E N T S 187

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.45%, 04/23/29 (Call 01/23/29)	$	8,190	$	7,563,262
4.63%, 06/06/33 (Call 06/06/32), (1-day SOFR + 1.850%)(a)(c)		4,768		4,418,466
5.07%, 01/24/34 (Call 01/24/33), (1-day SOFR + 1.933%)(c)		9,048		8,700,522
5.68%, 01/22/35 (Call 01/22/34), (1-day SOFR + 1.902%)(c)		8,500		8,524,507
5.94%, 08/18/34 (Call 08/18/33), (1-day SOFR + 1.946%)(c)		5,003		5,096,936
6.04%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.140%)(a)(c)		8,718		8,946,652
6.88%, 10/20/34 (Call 10/20/33), (1-day SOFR + 2.284%)(c)		13,205		14,304,823
Royal Bank of Canada
2.30%, 11/03/31		8,947		7,324,931
3.88%, 05/04/32		6,183		5,644,671
5.00%, 02/01/33(a)		10,661		10,484,070
5.00%, 05/02/33(a)		6,121		6,024,242
5.15%, 02/01/34		4,575		4,505,078
Santander Holdings USA Inc., 7.66%, 11/09/31 (Call 11/09/30), (1-day SOFR + 3.280%)(a)(c)		3,470		3,707,715
Santander U.K. Group Holdings PLC, 2.90%, 03/15/32 (Call 03/15/31), (1-day SOFR + 1.475%)(a)(c)		2,020		1,701,950
Shinhan Bank Co. Ltd.
4.00%, 04/23/29(a)(b)		1,150		1,062,510
4.38%, 04/13/32(b)		820		747,815
Societe Generale SA
2.89%, 06/09/32 (Call 06/09/31), (1-year CMT + 1.300%)(a)(b)(c)		7,329		5,941,209
3.00%, 01/22/30(b)		7,307		6,309,024
3.34%, 01/21/33 (Call 01/21/32), (1-year CMT + 1.600%)(b)(c)		6,271		5,178,276
3.65%, 07/08/35 (Call 07/08/30), (5-year CMT + 3.000%)(b)(c)		1,670		1,402,002
6.07%, 01/19/35 (Call 01/19/34), (1-year CMT + 2.100%)(a)(b)(c)		5,170		5,094,164
6.22%, 06/15/33 (Call 06/15/32), (1-year CMT + 3.200%)(a)(b)(c)		7,258		7,115,510
6.69%, 01/10/34 (Call 01/10/33), (1-year CMT + 2.950%)(b)(c)		8,980		9,276,717
Standard Chartered Bank, 8.00%, 05/30/31(a)(b)		1,850		1,997,010
Standard Chartered PLC
2.68%, 06/29/32 (Call 06/29/31), (1-year CMT + 1.200%)(b)(c)		7,315		5,929,100
3.27%, 02/18/36 (Call 11/18/30), (5-year CMT + 2.300%)(b)(c)		6,420		5,318,894
3.60%, 01/12/33 (Call 01/12/32), (1-year CMT + 1.900%)(b)(c)		5,440		4,570,932
4.31%, 05/21/30 (Call 05/21/29), (3-mo. LIBOR US + 1.910%)(a)(b)(c)		4,486		4,176,439
4.64%, 04/01/31 (Call 04/01/30), (1-year CMT + 3.850%)(a)(b)(c)		11,273		10,686,132
6.10%, 01/11/35 (Call 01/11/34), (1-year CMT + 2.100%)(a)(b)(c)		8,665		8,732,237
6.30%, 07/06/34 (Call 07/06/33), (1-year CMT + 2.580%)(a)(b)(c)		6,528		6,725,018
State Street Corp.
2.20%, 03/03/31(a)		4,399		3,641,686
2.40%, 01/24/30(a)		4,146		3,624,365

Security	Par (000)		Value
Banks (continued)
2.62%, 02/07/33 (Call 02/07/32), (1-day SOFR + 1.002%)(a)(c)	$	3,713	$	3,082,495
3.03%, 11/01/34 (Call 11/01/29), (1-day SOFR + 1.490%)(c)		3,087		2,723,549
3.15%, 03/30/31 (Call 03/30/30), (1-day SOFR + 2.650%)(c)		2,197		1,953,919
4.16%, 08/04/33 (Call 08/04/32), (1-day SOFR + 1.726%)(a)(c)		4,291		3,965,727
4.42%, 05/13/33 (Call 05/13/32), (1-day SOFR + 1.605%)(c)		2,570		2,426,508
4.82%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.567%)(a)(c)		4,303		4,150,047
5.16%, 05/18/34 (Call 05/18/33), (1-day SOFR + 1.890%)(a)(c)		7,240		7,153,428
6.12%, 11/21/34 (Call 11/21/33), (1-day SOFR + 1.958%)(c)		3,685		3,808,983
Sumitomo Mitsui Financial Group Inc.
1.71%, 01/12/31		2,780		2,207,545
2.13%, 07/08/30		8,221		6,844,136
2.14%, 09/23/30		4,651		3,822,291
2.22%, 09/17/31		5,300		4,301,093
2.72%, 09/27/29(a)		2,712		2,383,749
2.75%, 01/15/30		6,926		6,056,476
3.04%, 07/16/29(a)		13,831		12,441,580
3.20%, 09/17/29(a)		2,659		2,394,512
5.71%, 01/13/30		7,600		7,793,902
5.77%, 01/13/33(a)		10,205		10,538,206
5.78%, 07/13/33		4,310		4,463,015
5.81%, 09/14/33(a)		10,320		10,692,942
5.85%, 07/13/30(a)		3,755		3,867,212
Sumitomo Mitsui Trust Bank Ltd., 5.35%, 03/07/34		2,600		2,617,690
Toronto-Dominion Bank (The)
2.00%, 09/10/31(a)		6,346		5,174,032
2.45%, 01/12/32(a)		3,712		3,079,579
3.20%, 03/10/32(a)		9,403		8,199,757
4.46%, 06/08/32(a)		11,728		11,182,623
Truist Bank, 2.25%, 03/11/30 (Call 12/11/29)(a)		6,701		5,507,472
Truist Financial Corp.
1.95%, 06/05/30 (Call 03/05/30)		4,256		3,484,094
3.88%, 03/19/29 (Call 02/16/29)(a)		3,421		3,147,170
4.92%, 07/28/33 (Call 07/28/32), (1-day SOFR + 2.240%)(a)(c)		5,985		5,504,445
5.12%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.852%)(c)		8,715		8,266,770
5.71%, 01/24/35 (Call 01/24/34), (1-day SOFR + 1.922%)(a)(c)		11,225		11,113,072
5.87%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.361%)(c)		10,088		10,086,970
6.12%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.300%)(c)		4,478		4,556,846
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)(a)		7,053		5,585,490
2.49%, 11/03/36 (Call 11/03/31), (5-year CMT + 0.950%)(a)(c)		7,310		5,648,776
2.68%, 01/27/33 (Call 01/27/32), (1-day SOFR + 1.020%)(c)		5,236		4,281,878
3.00%, 07/30/29 (Call 04/30/29)		5,606		4,971,477
4.84%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.600%)(a)(c)		11,648		10,961,990

188 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.97%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.110%)(c)	$	7,470	$	6,981,468
5.68%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.860%)(a)(c)		11,570		11,543,097
5.84%, 06/12/34 (Call 06/10/33), (1-day SOFR + 2.260%)(c)		9,798		9,893,619
5.85%, 10/21/33 (Call 10/21/32), (1-day SOFR + 2.090%)(a)(c)		8,618		8,723,998
UBS Group AG
2.10%, 02/11/32 (Call 02/11/31), (1-year CMT + 1.000%)(b)(c)		11,209		8,850,056
2.75%, 02/11/33 (Call 02/11/32), (1-year CMT + 1.100%)(a)(b)(c)		9,475		7,632,105
3.09%, 05/14/32 (Call 05/14/31), (1-day SOFR + 1.730%)(b)(c)		18,326		15,400,033
3.13%, 08/13/30 (Call 08/13/29), (3-mo. LIBOR US + 1.468%)(a)(b)(c)		8,264		7,305,060
4.19%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.730%)(b)(c)		16,935		15,575,133
4.99%, 08/05/33 (Call 08/05/32), (1-year CMT + 2.400%)(a)(b)(c)		9,203		8,772,826
5.70%, 02/08/35 (Call 02/08/34), (1-year CMT + 1.770%)(a)(b)(c)		8,340		8,248,952
5.96%, 01/12/34 (Call 01/12/33), (1-year CMT + 2.200%)(b)(c)		13,335		13,515,748
6.25%, 09/22/29 (Call 09/22/28), (1-year CMT + 1.800%)(b)(c)		275		282,470
6.30%, 09/22/34 (Call 09/22/33), (1-year CMT + 2.000%)(b)(c)		4,535		4,688,213
6.54%, 08/12/33 (Call 08/12/32), (1-day SOFR + 3.920%)(b)(c)		17,205		17,942,341
9.02%, 11/15/33 (Call 11/15/32), (1-day SOFR + 5.020%)(b)(c)		11,778		14,171,470
UniCredit SpA, 3.13%, 06/03/32 (Call 06/03/31), (1-year CMT + 1.550%)(b)(c)		5,656		4,729,462
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)(a)		1,128		1,027,041
Wells Fargo & Co.
2.57%, 02/11/31 (Call 02/11/30), (3-mo. SOFR + 1.262%)(c)		19,019		16,215,145
2.88%, 10/30/30 (Call 10/30/29), (3-mo. SOFR + 1.432%)(c)		23,053		20,216,943
3.35%, 03/02/33 (Call 03/02/32), (1-day SOFR + 1.500%)(c)		22,908		19,662,300
4.48%, 04/04/31 (Call 04/04/30), (3-mo. SOFR + 4.032%)(a)(c)		10,182		9,681,942
4.90%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.100%)(c)		24,243		23,179,913
5.39%, 04/24/34 (Call 04/24/33), (1-day SOFR + 2.020%)(c)		21,303		20,952,338
5.50%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.780%)(a)(c)		15,195		15,094,638
5.56%, 07/25/34 (Call 07/25/33), (1-day SOFR + 1.990%)(a)(c)		23,931		23,838,537
6.49%, 10/23/34 (Call 10/23/33), (1-day SOFR + 2.060%)(c)		18,320		19,483,491
Series B, 7.95%, 11/15/29		1,250		1,393,880
Westpac Banking Corp.
2.15%, 06/03/31		6,126		5,078,367
2.65%, 01/16/30		4,385		3,889,602

Security	Par (000)		Value
Banks (continued)
2.67%, 11/15/35 (Call 11/15/30), (5-year CMT + 1.750%)(c)	$	7,855	$	6,405,581
3.02%, 11/18/36 (Call 11/18/31), (5-year CMT + 1.530%)(c)		6,438		5,237,376
4.11%, 07/24/34 (Call 07/24/29), (5-year CMT + 2.000%)(c)		7,353		6,716,574
5.41%, 08/10/33 (Call 08/10/32), (1-year CMT + 2.680%)(a)(c)		5,208		5,105,574
6.82%, 11/17/33(a)		4,540		4,871,890
Wintrust Financial Corp., 4.85%, 06/06/29		908		823,911
Zions Bancorp. NA, 3.25%, 10/29/29 (Call 07/29/29)(a)		2,070		1,688,349
				2,930,296,360
Beverages — 1.5%
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)(a)		9,998		9,249,493
4.90%, 01/23/31 (Call 10/23/30)(a)		4,958		4,985,857
6.63%, 08/15/33		745		824,625
Bacardi Ltd./Bacardi-Martini BV, 5.40%, 06/15/33 (Call 03/15/33)(b)		5,498		5,407,990
Becle SAB de CV, 2.50%, 10/14/31 (Call 07/14/31)(b)		4,410		3,451,839
Brown-Forman Corp., 4.75%, 04/15/33 (Call 01/15/33)(a)		4,135		4,078,789
Cia. Cervecerias Unidas SA, 3.35%, 01/19/32 (Call 10/19/31)(b)		1,320		1,129,920
Coca-Cola Co. (The)
1.38%, 03/15/31(a)		7,454		5,967,926
1.65%, 06/01/30(a)		9,127		7,632,680
2.00%, 03/05/31		4,447		3,719,677
2.13%, 09/06/29(a)		5,749		5,058,444
2.25%, 01/05/32(a)		11,411		9,612,543
3.45%, 03/25/30		7,158		6,677,673
Coca-Cola Femsa SAB de CV
1.85%, 09/01/32 (Call 06/01/32)		1,950		1,523,516
2.75%, 01/22/30 (Call 10/22/29)		5,859		5,152,991
Constellation Brands Inc.
2.25%, 08/01/31 (Call 05/01/31)		5,990		4,887,562
2.88%, 05/01/30 (Call 02/01/30)(a)		4,097		3,598,134
3.15%, 08/01/29 (Call 05/01/29)		4,800		4,354,854
4.75%, 05/09/32 (Call 02/09/32)(a)		4,703		4,548,419
4.90%, 05/01/33 (Call 02/01/33)(a)		5,283		5,123,542
Diageo Capital PLC
2.00%, 04/29/30 (Call 01/29/30)		5,866		4,947,502
2.13%, 04/29/32 (Call 01/29/32)		4,580		3,706,787
2.38%, 10/24/29 (Call 07/24/29)(a)		5,417		4,758,891
5.50%, 01/24/33 (Call 10/24/32)		4,510		4,634,823
5.63%, 10/05/33 (Call 07/05/33)		5,325		5,537,534
JDE Peet’s NV, 2.25%, 09/24/31 (Call 06/24/31)(a)(b)		3,122		2,442,415
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)(a)		3,037		2,523,745
3.20%, 05/01/30 (Call 02/01/30)		4,686		4,233,694
3.95%, 04/15/29 (Call 02/15/29)		5,570		5,306,877
4.05%, 04/15/32 (Call 01/15/32)(a)		5,295		4,918,065
PepsiCo Inc.
1.40%, 02/25/31 (Call 11/25/30)		4,464		3,568,284
1.63%, 05/01/30 (Call 02/01/30)		6,066		5,046,414
1.95%, 10/21/31 (Call 07/21/31)(a)		7,612		6,241,138
2.63%, 07/29/29 (Call 04/29/29)		5,740		5,171,724
2.75%, 03/19/30 (Call 12/19/29)		8,591		7,672,039

S C H E D U L E  O F  I N V E S T M E N T S 189

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
3.90%, 07/18/32 (Call 04/18/32)	$	7,300	$	6,850,160
4.45%, 02/15/33 (Call 11/15/32)(a)		5,748		5,698,590
7.00%, 03/01/29		2		2,208
Pepsico Singapore Financing I Pte Ltd., 4.70%, 02/16/34 (Call 11/16/33)(a)		2,275		2,237,830
Pernod Ricard International Finance LLC, 1.63%, 04/01/31 (Call 01/01/30)(a)(b)		5,289		4,194,267
				186,679,461
Biotechnology — 0.9%
Amgen Inc.
2.00%, 01/15/32 (Call 10/15/31)		6,011		4,816,777
2.30%, 02/25/31 (Call 11/25/30)		6,828		5,713,405
2.45%, 02/21/30 (Call 11/21/29)		7,519		6,535,722
3.35%, 02/22/32 (Call 11/22/31)(a)		5,980		5,291,919
4.05%, 08/18/29 (Call 06/18/29)(a)		7,411		7,085,975
4.20%, 03/01/33 (Call 12/01/32)		4,805		4,444,753
5.25%, 03/02/30 (Call 01/02/30)		15,275		15,388,516
5.25%, 03/02/33 (Call 12/02/32)		23,555		23,490,409
Biogen Inc., 2.25%, 05/01/30 (Call 02/01/30)		9,592		8,028,531
Bio-Rad Laboratories Inc., 3.70%, 03/15/32 (Call 12/15/31)(a)		4,905		4,368,704
CSL Finance PLC
4.05%, 04/27/29 (Call 02/27/29)(b)		2,115		2,018,606
4.25%, 04/27/32 (Call 01/27/32)(b)		5,955		5,623,227
Gilead Sciences Inc.
1.65%, 10/01/30 (Call 07/01/30)(a)		5,930		4,841,893
5.25%, 10/15/33 (Call 07/15/33)(a)		4,291		4,341,002
Illumina Inc., 2.55%, 03/23/31 (Call 12/23/30)(a)		3,389		2,784,182
Regeneron Pharmaceuticals Inc., 1.75%, 09/15/30 (Call 06/15/30)		7,817		6,323,408
Royalty Pharma PLC
2.15%, 09/02/31 (Call 06/02/31)(a)		3,720		2,968,990
2.20%, 09/02/30 (Call 06/02/30)		6,273		5,163,918
				119,229,937
Building Materials — 0.6%
Carrier Global Corp.
2.70%, 02/15/31 (Call 11/15/30)		4,434		3,784,363
2.72%, 02/15/30 (Call 11/15/29)(a)		11,742		10,280,245
5.90%, 03/15/34 (Call 12/15/33)		1,045		1,084,040
Eagle Materials Inc., 2.50%, 07/01/31 (Call 04/01/31)		4,558		3,789,218
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)(a)		4,250		3,845,007
4.00%, 03/25/32 (Call 12/25/31)(a)		2,425		2,201,531
5.88%, 06/01/33 (Call 03/01/33)		4,071		4,133,302
GCC SAB de CV, 3.61%, 04/20/32 (Call 01/20/32)(b)		250		211,955
Johnson Controls International PLC/Tyco Fire & Security Finance SCA
1.75%, 09/15/30 (Call 06/15/30)(a)		6,954		5,681,695
2.00%, 09/16/31 (Call 06/16/31)(a)		2,582		2,071,925
4.90%, 12/01/32 (Call 09/01/32)(a)		2,140		2,097,015
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)(a)		5,512		4,586,611
Series CB, 2.50%, 03/15/30 (Call 12/15/29)(a)		3,332		2,887,686
Masco Corp.
2.00%, 10/01/30 (Call 07/01/30)(a)		2,441		1,986,869
2.00%, 02/15/31 (Call 11/15/30)		3,409		2,768,171

Security	Par (000)		Value
Building Materials (continued)
Mohawk Industries Inc., 3.63%, 05/15/30 (Call 02/15/30)(a)	$	2,257	$	2,057,510
Owens Corning
3.88%, 06/01/30 (Call 03/01/30)		2,385		2,197,104
3.95%, 08/15/29 (Call 05/15/29)(a)		4,270		4,026,602
Trane Technologies Financing Ltd.
3.80%, 03/21/29 (Call 12/21/28)(a)		3,991		3,773,413
5.25%, 03/03/33 (Call 12/03/32)		3,950		3,983,518
UltraTech Cement Ltd., 2.80%, 02/16/31 (Call 08/16/30)(a)(b)		2,285		1,917,522
Vulcan Materials Co., 3.50%, 06/01/30 (Call 03/01/30)		4,904		4,466,591
				73,831,893
Chemicals — 1.5%
Air Liquide Finance SA, 2.25%, 09/10/29 (Call 06/10/29)(a)(b)		3,103		2,735,257
Air Products and Chemicals Inc.
2.05%, 05/15/30 (Call 02/15/30)		5,647		4,803,777
4.75%, 02/08/31 (Call 12/08/30)		5,530		5,459,960
4.80%, 03/03/33 (Call 12/03/32)(a)		3,851		3,796,833
4.85%, 02/08/34 (Call 11/08/33)(a)		5,480		5,372,957
Albemarle Corp., 5.05%, 06/01/32 (Call 03/01/32)(a)		4,080		3,874,452
Alpek SAB de CV
3.25%, 02/25/31 (Call 11/25/30)(a)(b)		4,000		3,352,401
4.25%, 09/18/29 (Call 06/18/29)(b)		230		211,435
Bayport Polymers LLC, 5.14%, 04/14/32 (Call 01/14/32)(a)(b)		1,295		1,154,545
Cabot Corp.
4.00%, 07/01/29 (Call 04/01/29)(a)		1,939		1,804,553
5.00%, 06/30/32 (Call 03/30/32)(a)		2,690		2,593,769
Celanese U.S. Holdings LLC
6.33%, 07/15/29 (Call 05/15/29)(a)		4,505		4,626,414
6.38%, 07/15/32 (Call 04/15/32)(a)		5,975		6,121,839
6.55%, 11/15/30 (Call 09/15/30)		6,175		6,420,032
6.70%, 11/15/33 (Call 08/15/33)		5,705		5,993,019
Dow Chemical Co. (The)
2.10%, 11/15/30 (Call 08/15/30)(a)		5,486		4,579,972
5.15%, 02/15/34 (Call 11/15/33)(a)		1,980		1,951,157
6.30%, 03/15/33 (Call 12/15/32)(a)		3,688		3,950,886
7.38%, 11/01/29(a)		6,421		7,122,151
Eastman Chemical Co.
5.63%, 02/20/34 (Call 11/20/33)(a)		2,215		2,198,738
5.75%, 03/08/33 (Call 12/08/32)(a)		3,118		3,138,745
Ecolab Inc.
1.30%, 01/30/31 (Call 10/30/30)(a)		4,123		3,269,551
2.13%, 02/01/32 (Call 11/01/31)		4,220		3,467,959
4.80%, 03/24/30 (Call 12/24/29)(a)		4,526		4,522,279
EIDP Inc.
2.30%, 07/15/30 (Call 04/15/30)(a)		3,187		2,725,853
4.80%, 05/15/33 (Call 02/15/33)(a)		1,085		1,061,609
FMC Corp.
3.45%, 10/01/29 (Call 07/01/29)(a)		3,173		2,820,461
5.65%, 05/18/33 (Call 02/18/33)(a)		3,377		3,270,414
GC Treasury Center Co. Ltd.
2.98%, 03/18/31 (Call 12/18/30)(a)(b)		3,825		3,183,319
4.40%, 03/30/32 (Call 09/30/31)(a)(b)		2,300		2,084,143
Huntsman International LLC
2.95%, 06/15/31 (Call 03/15/31)(a)		2,969		2,444,846
4.50%, 05/01/29 (Call 02/01/29)(a)		4,306		4,089,864

190 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
International Flavors & Fragrances Inc., 2.30%, 11/01/30 (Call 08/01/30)(a)(b)	$	7,068	$	5,800,287
LG Chem Ltd.
2.38%, 07/07/31(b)		2,900		2,385,019
3.63%, 04/15/29(b)		1,135		1,051,580
Linde Inc./CT, 1.10%, 08/10/30 (Call 05/10/30)		4,523		3,621,717
LYB International Finance III LLC
2.25%, 10/01/30 (Call 07/01/30)(a)		3,279		2,730,929
5.50%, 03/01/34 (Call 12/01/33)		4,025		3,993,491
5.63%, 05/15/33 (Call 02/15/33)(a)		3,536		3,590,526
MEGlobal Canada ULC, 5.88%, 05/18/30(a)(b)		3,180		3,201,878
Mosaic Co. (The), 5.45%, 11/15/33 (Call 05/15/33)		30		29,663
NewMarket Corp., 2.70%, 03/18/31 (Call 12/18/30)		2,563		2,127,745
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		3,306		2,927,173
4.20%, 04/01/29 (Call 01/01/29)(a)		3,912		3,760,333
OCI NV, 6.70%, 03/16/33 (Call 12/16/32)(b)		4,117		4,080,625
Orbia Advance Corp. SAB de CV, 2.88%, 05/11/31 (Call 02/11/31)(b)		3,025		2,451,042
PPG Industries Inc.
2.55%, 06/15/30 (Call 03/15/30)(a)		1,899		1,636,195
2.80%, 08/15/29 (Call 05/15/29)(a)		2,012		1,799,004
Rohm & Haas Co., 7.85%, 07/15/29		3,313		3,676,263
RPM International Inc.
2.95%, 01/15/32 (Call 10/15/31)(a)		2,211		1,867,346
4.55%, 03/01/29 (Call 12/01/28)(a)		2,108		2,027,619
Sherwin-Williams Co. (The)
2.20%, 03/15/32 (Call 12/15/31)(a)		3,413		2,766,106
2.30%, 05/15/30 (Call 02/15/30)		3,012		2,556,824
2.95%, 08/15/29 (Call 05/15/29)		5,063		4,548,788
Sociedad Quimica y Minera de Chile SA
4.25%, 05/07/29 (Call 02/07/29)(b)		2,555		2,415,883
6.50%, 11/07/33 (Call 08/07/33)(a)(b)		840		866,040
Westlake Corp., 3.38%, 06/15/30 (Call 03/15/30)		2,193		1,958,938
Yara International ASA
3.15%, 06/04/30 (Call 03/04/30)(a)(b)		4,562		3,955,182
7.38%, 11/14/32 (Call 08/14/32)(a)(b)		3,695		4,060,662
				190,090,048
Coal — 0.0%
Teck Resources Ltd., 3.90%, 07/15/30 (Call 04/15/30)(a)		2,842		2,591,176
Commercial Services — 1.5%
Adani International Container Terminal Pvt Ltd., 3.00%, 02/16/31 (Call 08/18/30)(b)		1,353		1,159,690
Adani Ports & Special Economic Zone Ltd.
3.10%, 02/02/31(b)		2,045		1,631,553
4.38%, 07/03/29(b)		3,095		2,756,694
Ashtead Capital Inc.
2.45%, 08/12/31 (Call 05/12/31)(a)(b)		4,175		3,360,539
4.25%, 11/01/29 (Call 11/01/24)(b)		3,785		3,491,976
5.50%, 08/11/32 (Call 05/11/32)(a)(b)		4,224		4,129,359
5.55%, 05/30/33 (Call 02/28/33)(a)(b)		2,955		2,890,343
5.95%, 10/15/33 (Call 07/15/33)(a)(b)		4,435		4,458,005
Automatic Data Processing Inc., 1.25%, 09/01/30 (Call 06/01/30)(a)		6,118		4,961,014
Block Financial LLC, 3.88%, 08/15/30 (Call 05/15/30)(a)		4,240		3,822,762

Security	Par (000)		Value
Commercial Services (continued)
Cintas Corp. No. 2, 4.00%, 05/01/32 (Call 02/01/32)	$	2,810	$	2,637,152
CK Hutchison International 23 Ltd., 4.88%, 04/21/33 (Call 01/21/33)(a)(b)		6,540		6,453,340
CoStar Group Inc., 2.80%, 07/15/30 (Call 04/15/30)(b)		6,107		5,163,547
DP World Crescent Ltd., 3.75%, 01/30/30 (Call 10/30/29)(a)(b)		3,455		3,184,885
Emory University, Series 2020, 2.14%, 09/01/30 (Call 06/01/30)(a)		1,002		855,680
Equifax Inc.
2.35%, 09/15/31 (Call 06/15/31)(a)		6,280		5,125,473
3.10%, 05/15/30 (Call 02/15/30)		3,905		3,444,684
ERAC USA Finance LLC, 4.90%, 05/01/33 (Call 02/01/33)(b)		6,523		6,363,405
Experian Finance PLC, 2.75%, 03/08/30 (Call 12/08/29)(b)		3,916		3,388,667
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(b)		88		78,848
3.75%, 10/01/30 (Call 10/01/25)(a)(b)		1,720		1,522,321
Global Payments Inc.
2.90%, 05/15/30 (Call 02/15/30)		5,779		4,981,013
2.90%, 11/15/31 (Call 08/15/31)(a)		4,311		3,598,025
3.20%, 08/15/29 (Call 05/15/29)(a)		7,003		6,236,981
5.30%, 08/15/29 (Call 06/15/29)		2,890		2,851,169
5.40%, 08/15/32 (Call 05/15/32)(a)		4,308		4,250,538
GXO Logistics Inc., 2.65%, 07/15/31 (Call 04/15/31)(a)		2,439		1,982,677
Johns Hopkins University, 4.71%, 07/01/32 (Call 04/01/32)(a)		785		788,005
Moody’s Corp.
2.00%, 08/19/31 (Call 05/19/31)(a)		3,876		3,130,641
4.25%, 08/08/32 (Call 05/08/32)(a)		3,030		2,863,046
PayPal Holdings Inc.
2.30%, 06/01/30 (Call 03/01/30)(a)		6,358		5,411,152
2.85%, 10/01/29 (Call 07/01/29)		8,680		7,735,508
4.40%, 06/01/32 (Call 03/01/32)(a)		5,953		5,711,222
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)(a)		1,184		948,327
2.90%, 10/01/30 (Call 07/01/30)		4,596		3,983,291
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		4,606		4,113,120
4.00%, 03/18/29 (Call 12/18/28)		5,336		5,096,501
4.75%, 05/20/32 (Call 02/20/32)		2,858		2,806,229
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)(a)		3,600		2,874,306
2.50%, 12/01/29 (Call 09/01/29)(a)		2,915		2,568,685
2.70%, 03/01/29 (Call 01/01/29)(a)		5,105		4,621,580
2.90%, 03/01/32 (Call 12/01/31)		7,185		6,194,239
4.25%, 05/01/29 (Call 02/01/29)(a)		5,225		5,065,981
5.25%, 09/15/33 (Call 06/15/33)(a)(b)		4,330		4,380,091
Sodexo Inc., 2.72%, 04/16/31 (Call 01/16/31)(a)(b)		4,293		3,616,946
Transurban Finance Co. Pty. Ltd., 2.45%, 03/16/31 (Call 12/16/30)(a)(b)		5,356		4,442,716
Triton Container International Ltd., 3.15%, 06/15/31 (Call 03/15/31)(a)(b)		4,302		3,386,413
Triton Container International Ltd./TAL
International Container Corp., 3.25%, 03/15/32 (Call 12/15/31)(a)		2,560		2,032,367

S C H E D U L E  O F  I N V E S T M E N T S 191

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
United Rentals North America Inc., 6.00%, 12/15/29 (Call 12/15/25)(b)	$	8,375	$	8,382,680
Verisk Analytics Inc.
4.13%, 03/15/29 (Call 12/15/28)		3,338		3,204,495
5.75%, 04/01/33 (Call 01/01/33)(a)		2,460		2,540,159
Yale University, Series 2020, 1.48%, 04/15/30 (Call 01/15/30)		1,636		1,370,682
				192,048,722
Computers — 1.6%
Amdocs Ltd., 2.54%, 06/15/30 (Call 03/15/30)		4,048		3,435,976
Apple Inc.
1.25%, 08/20/30 (Call 05/20/30)		7,061		5,719,057
1.65%, 05/11/30 (Call 02/11/30)		9,952		8,327,435
1.65%, 02/08/31 (Call 11/08/30)(a)		15,297		12,589,191
1.70%, 08/05/31 (Call 05/05/31)		5,696		4,639,609
2.20%, 09/11/29 (Call 06/11/29)(a)		10,394		9,188,883
3.25%, 08/08/29 (Call 06/08/29)(a)		5,725		5,352,685
3.35%, 08/08/32 (Call 05/08/32)(a)		8,705		7,904,415
4.15%, 05/10/30 (Call 03/10/30)(a)		2,998		2,943,646
4.30%, 05/10/33 (Call 02/10/33)(a)		5,915		5,851,888
Booz Allen Hamilton Inc.
4.00%, 07/01/29 (Call 07/01/24)(a)(b)		1,905		1,758,582
5.95%, 08/04/33 (Call 05/04/33)(a)		3,338		3,424,009
CGI Inc., 2.30%, 09/14/31 (Call 06/14/31)		2,377		1,899,215
Dell International LLC/EMC Corp.
5.30%, 10/01/29 (Call 07/01/29)		10,175		10,198,855
5.75%, 02/01/33 (Call 11/01/32)(a)		5,918		6,092,013
6.20%, 07/15/30 (Call 04/15/30)		5,621		5,882,438
Fortinet Inc., 2.20%, 03/15/31 (Call 12/15/30)(a)		3,220		2,665,244
HP Inc.
2.65%, 06/17/31 (Call 03/17/31)(a)		6,200		5,185,383
3.40%, 06/17/30 (Call 03/17/30)(a)		745		671,369
4.00%, 04/15/29 (Call 02/15/29)(a)		5,625		5,359,168
4.20%, 04/15/32 (Call 01/15/32)(a)		3,895		3,595,081
5.50%, 01/15/33 (Call 10/15/32)(a)		6,488		6,507,904
IBM International Capital Pte Ltd.
4.75%, 02/05/31 (Call 12/05/30)		4,435		4,318,678
4.90%, 02/05/34 (Call 11/05/33)		3,825		3,720,125
International Business Machines Corp.
1.95%, 05/15/30 (Call 02/15/30)		8,236		6,893,808
2.72%, 02/09/32 (Call 11/09/31)(a)		2,485		2,152,986
3.50%, 05/15/29(a)		18,251		17,055,080
4.40%, 07/27/32 (Call 04/27/32)(a)		4,548		4,343,476
4.75%, 02/06/33 (Call 11/06/32)(a)		4,170		4,071,372
5.88%, 11/29/32(a)		3,270		3,465,925
Kyndryl Holdings Inc.
3.15%, 10/15/31 (Call 07/15/31)(a)		3,976		3,278,908
6.35%, 02/20/34 (Call 11/20/33)		860		868,043
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)		4,440		3,639,124
4.38%, 05/15/30 (Call 02/15/30)		3,467		3,262,359
5.75%, 03/15/33 (Call 12/15/32)(a)		4,160		4,227,880
Lenovo Group Ltd.
3.42%, 11/02/30 (Call 08/02/30)(a)(b)		4,960		4,314,868
6.54%, 07/27/32 (Call 04/27/32)(a)(b)		3,505		3,675,666
NetApp Inc., 2.70%, 06/22/30 (Call 03/22/30)		4,318		3,706,691
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30)		3,454		2,915,147

Security	Par (000)		Value
Computers (continued)
Western Digital Corp., 3.10%, 02/01/32 (Call 11/01/31)(a)	$	1,770	$	1,385,381
				196,487,563
Cosmetics & Personal Care — 0.8%
Colgate-Palmolive Co.
3.25%, 08/15/32 (Call 05/15/32)(a)		3,013		2,704,461
4.60%, 03/01/33 (Call 12/01/32)(a)		3,038		3,013,414
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)(a)		3,798		3,116,133
2.38%, 12/01/29 (Call 09/01/29)(a)		3,758		3,284,826
2.60%, 04/15/30 (Call 01/15/30)(a)		4,397		3,845,303
4.65%, 05/15/33 (Call 02/15/33)(a)		4,105		3,981,675
5.00%, 02/14/34 (Call 11/14/33)		2,195		2,156,573
Haleon U.S. Capital LLC
3.38%, 03/24/29 (Call 01/24/29)		250		231,029
3.63%, 03/24/32 (Call 12/24/31)		11,425		10,234,570
Kenvue Inc.
4.90%, 03/22/33 (Call 12/22/32)		8,742		8,642,438
5.00%, 03/22/30 (Call 01/22/30)		6,108		6,125,762
Procter & Gamble Co. (The)
1.20%, 10/29/30		7,503		6,040,724
1.95%, 04/23/31		6,048		5,090,152
2.30%, 02/01/32(a)		4,820		4,117,557
3.00%, 03/25/30(a)		8,521		7,797,940
4.05%, 01/26/33(a)		5,020		4,834,336
4.55%, 01/29/34(a)		3,045		3,002,187
Unilever Capital Corp.
1.38%, 09/14/30 (Call 06/14/30)		2,975		2,403,881
1.75%, 08/12/31 (Call 05/12/31)(a)		4,892		3,940,088
2.13%, 09/06/29 (Call 06/06/29)(a)		4,860		4,233,128
5.00%, 12/08/33 (Call 09/08/33)		3,750		3,755,847
5.90%, 11/15/32		5,020		5,350,418
				97,902,442
Distribution & Wholesale — 0.1%
Ferguson Finance PLC
3.25%, 06/02/30 (Call 03/02/30)(a)(b)		3,728		3,327,355
4.65%, 04/20/32 (Call 01/20/32)(b)		4,170		3,976,877
LKQ Corp., 6.25%, 06/15/33 (Call 03/15/33)		3,335		3,427,273
				10,731,505
Diversified Financial Services — 3.5%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.30%, 01/30/32 (Call 10/30/31)(a)		22,810		19,290,028
3.40%, 10/29/33 (Call 07/29/33)(a)		8,874		7,372,320
5.30%, 01/19/34 (Call 10/19/33)(a)		4,230		4,080,429
6.15%, 09/30/30 (Call 07/30/30)(a)		359		370,824
Affiliated Managers Group Inc., 3.30%, 06/15/30 (Call 03/15/30)(a)		2,567		2,257,943
Air Lease Corp.
2.88%, 01/15/32 (Call 10/15/31)(a)		4,620		3,835,328
3.00%, 02/01/30 (Call 11/01/29)		3,895		3,391,266
3.13%, 12/01/30 (Call 09/01/30)		4,348		3,747,754
3.25%, 10/01/29 (Call 07/01/29)(a)		3,044		2,707,396
Ally Financial Inc.
8.00%, 11/01/31(a)		12,800		14,051,031
8.00%, 11/01/31		2,691		2,929,354
American Express Co.
4.05%, 05/03/29 (Call 03/03/29)(a)		5,032		4,869,361
4.42%, 08/03/33 (Call 08/03/32), (1-day SOFR + 1.760%)(c)		8,173		7,744,626

192 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.99%, 05/26/33 (Call 02/26/32), (1-day SOFR + 2.255%)(a)(c)	$	4,040	$	3,925,996
5.04%, 05/01/34 (Call 05/01/33), (1-day SOFR + 1.835%)(a)(c)		8,000		7,851,732
5.63%, 07/28/34 (Call 07/28/33), (1-day SOFR + 1.930%)(a)(c)		3,348		3,374,064
6.49%, 10/30/31 (Call 10/30/30), (1-day SOFR + 1.940%)(c)		4,724		5,032,542
Ameriprise Financial Inc.
4.50%, 05/13/32 (Call 02/13/32)(a)		3,275		3,147,324
5.15%, 05/15/33 (Call 02/15/33)		4,594		4,593,734
Apollo Global Management Inc., 6.38%, 11/15/33 (Call 08/15/33)(a)		2,610		2,802,089
Ares Finance Co. II LLC, 3.25%, 06/15/30 (Call 03/15/30)(a)(b)		2,685		2,344,604
Aviation Capital Group LLC, 6.38%, 07/15/30 (Call 05/15/30)(a)(b)		2,671		2,723,410
Avolon Holdings Funding Ltd., 5.75%, 03/01/29 (Call 02/01/29)(b)		30		29,567
Blackstone Holdings Finance Co. LLC
1.60%, 03/30/31 (Call 12/30/30)(b)		3,475		2,690,858
2.00%, 01/30/32 (Call 10/30/31)(b)		5,375		4,170,110
2.50%, 01/10/30 (Call 10/10/29)(a)(b)		3,391		2,907,109
2.55%, 03/30/32 (Call 12/30/31)(a)(b)		1,700		1,385,273
6.20%, 04/22/33 (Call 01/22/33)(a)(b)		5,828		6,088,655
Blue Owl Finance LLC
3.13%, 06/10/31 (Call 03/10/31)(a)(b)		4,589		3,799,820
4.38%, 02/15/32 (Call 11/15/31)(a)(b)		2,015		1,767,539
BOC Aviation Ltd.
2.63%, 09/17/30 (Call 06/17/30)(a)(b)		4,455		3,790,893
3.00%, 09/11/29 (Call 06/11/29)(a)(b)		4,539		4,059,500
BOC Aviation USA Corp., 4.88%, 05/03/33 (Call 02/03/33)(a)(b)		3,320		3,237,083
Brookfield Capital Finance LLC, 6.09%, 06/14/33 (Call 03/14/33)		4,011		4,149,003
Brookfield Finance I U.K. PLC/Brookfield Finance Inc., 2.34%, 01/30/32 (Call 10/30/31)		4,530		3,634,938
Brookfield Finance Inc.
2.72%, 04/15/31 (Call 01/15/31)		4,308		3,620,086
4.35%, 04/15/30 (Call 01/15/30)		5,203		4,932,167
4.85%, 03/29/29 (Call 12/29/28)(a)		5,434		5,358,506
6.35%, 01/05/34 (Call 10/05/33)		3,040		3,194,374
Capital One Financial Corp.
2.36%, 07/29/32 (Call 07/29/31), (1-day SOFR + 1.337%)(c)		5,601		4,234,251
2.62%, 11/02/32 (Call 11/02/31), (1-day SOFR + 1.265%)(c)		2,977		2,382,105
3.27%, 03/01/30 (Call 03/01/29), (1-day SOFR + 1.790%)(c)		6,930		6,176,958
5.25%, 07/26/30 (Call 07/26/29), (1-day SOFR + 2.600%)(c)		5,155		5,026,712
5.27%, 05/10/33 (Call 05/10/32), (1-day SOFR + 2.370%)(a)(c)		6,685		6,493,893
5.82%, 02/01/34 (Call 02/01/33), (1-day SOFR + 2.600%)(a)(c)		7,910		7,821,133
6.05%, 02/01/35 (Call 02/01/34), (1-day SOFR + 2.260%)(a)(c)		1,990		2,009,944
6.38%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.860%)(c)		9,870		10,170,018

Security	Par (000)		Value
Diversified Financial Services (continued)
7.62%, 10/30/31 (Call 10/30/30), (1-day SOFR + 3.070%)(a)(c)	$	7,320	$	8,010,588
Cboe Global Markets Inc.
1.63%, 12/15/30 (Call 09/15/30)(a)		3,909		3,171,486
3.00%, 03/16/32 (Call 12/16/31)(a)		2,025		1,746,198
Charles Schwab Corp. (The)
1.65%, 03/11/31 (Call 12/11/30)(a)		4,710		3,735,837
1.95%, 12/01/31 (Call 09/01/31)(a)		5,078		4,032,502
2.30%, 05/13/31 (Call 02/13/31)(a)		4,760		3,943,076
2.75%, 10/01/29 (Call 07/01/29)		3,139		2,785,589
2.90%, 03/03/32 (Call 12/03/31)(a)		5,751		4,877,232
3.25%, 05/22/29 (Call 02/22/29)(a)		3,315		3,056,957
4.63%, 03/22/30 (Call 12/22/29)(a)		3,666		3,620,355
5.85%, 05/19/34 (Call 05/19/33), (1-day SOFR + 2.500%)(c)		8,139		8,265,208
6.14%, 08/24/34 (Call 08/24/33), (1-day SOFR + 2.010%)(a)(c)		7,704		7,981,426
CI Financial Corp., 3.20%, 12/17/30 (Call 09/17/30)		5,570		4,440,057
CME Group Inc., 2.65%, 03/15/32 (Call 12/15/31)		4,870		4,177,103
Credit Suisse USA Inc., 7.13%, 07/15/32(a)		5,135		5,730,887
Discover Financial Services
6.70%, 11/29/32 (Call 08/29/32)		4,610		4,824,897
7.96%, 11/02/34 (Call 11/02/33), (1-day SOFR + 3.370%)(a)(c)		5,383		6,029,365
FMR LLC
4.95%, 02/01/33(a)(b)		1,200		1,130,706
7.57%, 06/15/29(b)		1,345		1,489,422
Franklin Resources Inc., 1.60%, 10/30/30 (Call 07/30/30)(a)		5,949		4,803,238
Jefferies Financial Group Inc.
2.63%, 10/15/31 (Call 07/15/31)(a)		6,389		5,226,186
2.75%, 10/15/32 (Call 07/15/32)(a)		2,765		2,231,464
4.15%, 01/23/30		6,197		5,765,693
Lazard Group LLC, 4.38%, 03/11/29 (Call 12/11/28)(a)		2,745		2,613,693
LPL Holdings Inc.
4.00%, 03/15/29 (Call 04/01/24)(a)(b)		680		623,877
4.38%, 05/15/31 (Call 05/15/26)(a)(b)		1,382		1,250,096
LSEGA Financing PLC, 2.50%, 04/06/31 (Call 01/06/31)(a)(b)		7,775		6,534,389
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		3,800		3,155,413
2.00%, 11/18/31 (Call 08/18/31)(a)		4,761		3,911,616
2.95%, 06/01/29 (Call 03/01/29)		6,033		5,537,570
3.35%, 03/26/30 (Call 12/26/29)		9,176		8,476,748
4.85%, 03/09/33 (Call 12/09/32)(a)		4,436		4,430,477
Mitsubishi HC Capital Inc., 3.97%, 04/13/30 (Call 01/13/30)(a)(b)		425		386,070
Mitsubishi HC Finance America LLC, 5.66%, 02/28/33 (Call 11/28/32)(a)(b)		3,395		3,422,563
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)(a)		4,728		3,764,199
5.55%, 02/15/34 (Call 11/15/33)		1,230		1,238,320
Nomura Holdings Inc.
2.61%, 07/14/31		6,160		5,064,219
2.68%, 07/16/30		6,099		5,156,695
3.00%, 01/22/32		4,727		3,931,430
3.10%, 01/16/30		8,843		7,760,880
5.61%, 07/06/29		3,768		3,788,021

S C H E D U L E  O F  I N V E S T M E N T S 193

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
6.09%, 07/12/33(a)	$	3,770	$	3,934,475
6.18%, 01/18/33(a)		4,030		4,224,004
ORIX Corp.
2.25%, 03/09/31(a)		3,273		2,742,999
4.00%, 04/13/32(a)		2,993		2,783,505
5.20%, 09/13/32(a)		2,590		2,615,551
Power Finance Corp. Ltd., 3.95%, 04/23/30(a)(b)		4,526		4,116,924
Raymond James Financial Inc., 4.65%, 04/01/30 (Call 01/01/30)(a)		3,612		3,571,601
Stifel Financial Corp., 4.00%, 05/15/30 (Call 02/15/30)		2,683		2,424,441
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		4,292		3,369,236
5.15%, 03/19/29 (Call 12/19/28)(a)		3,155		3,009,520
USAA Capital Corp., 2.13%, 05/01/30 (Call 02/01/30)(b)		2,066		1,708,423
Visa Inc.
1.10%, 02/15/31 (Call 11/15/30)(a)		6,255		4,941,128
2.05%, 04/15/30 (Call 01/15/30)(a)		8,758		7,513,603
Western Union Co. (The), 2.75%, 03/15/31 (Call 12/15/30)(a)		1,900		1,560,409
				436,211,217
Electric — 7.5%
Abu Dhabi National Energy Co. PJSC
4.70%, 04/24/33(a)(b)		7,425		7,227,955
4.88%, 04/23/30(a)(b)		5,884		5,867,325
Adani Electricity Mumbai Ltd.
3.87%, 07/22/31 (Call 01/22/31)(b)		1,015		841,729
3.95%, 02/12/30(b)		4,067		3,486,744
AEP Texas Inc.
4.70%, 05/15/32 (Call 02/15/32)(a)		3,225		3,082,680
5.40%, 06/01/33 (Call 03/01/33)		2,551		2,550,709
Series E, 6.65%, 02/15/33(a)		705		750,494
Series I, 2.10%, 07/01/30 (Call 04/01/30)(a)		3,825		3,166,227
AES Corp. (The)
2.45%, 01/15/31 (Call 10/15/30)(a)		8,773		7,156,412
3.95%, 07/15/30 (Call 04/15/30)(a)(b)		4,086		3,712,285
AES Panama Generation Holdings SRL, 4.38%, 05/31/30 (Call 02/28/30)(a)(b)		6,521		5,473,298
Alabama Power Co.
3.05%, 03/15/32 (Call 12/15/31)		3,383		2,929,091
3.94%, 09/01/32 (Call 03/01/32)(a)		2,804		2,577,738
5.70%, 02/15/33		170		171,737
5.85%, 11/15/33 (Call 08/15/33)		1,860		1,946,096
Series 20-A, 1.45%, 09/15/30 (Call 06/15/30)		3,558		2,860,991
Alliant Energy Finance LLC, 3.60%, 03/01/32 (Call 12/01/31)(a)(b)		1,410		1,216,991
Ameren Corp., 3.50%, 01/15/31 (Call 10/15/30)(a)		4,937		4,445,110
Ameren Illinois Co.
1.55%, 11/15/30 (Call 08/15/30)(a)		2,329		1,864,696
3.85%, 09/01/32 (Call 06/01/32)		2,830		2,579,849
4.95%, 06/01/33 (Call 03/01/33)(a)		2,735		2,692,297
American Electric Power Co. Inc.
2.30%, 03/01/30 (Call 12/01/29)		2,629		2,220,244
5.63%, 03/01/33 (Call 12/01/32)(a)		3,780		3,807,256
5.95%, 11/01/32 (Call 08/01/32)(a)		3,374		3,491,191
American Transmission Systems Inc., 2.65%, 01/15/32 (Call 10/15/31)(b)		3,632		2,982,544

Security	Par (000)		Value
Electric (continued)
Appalachian Power Co.
4.50%, 08/01/32 (Call 05/01/32)(a)	$	2,950	$	2,760,273
Series AA, 2.70%, 04/01/31 (Call 01/01/31)		3,230		2,730,111
Arizona Public Service Co.
2.20%, 12/15/31 (Call 09/15/31)		2,110		1,695,615
2.60%, 08/15/29 (Call 05/15/29)		2,467		2,174,847
5.55%, 08/01/33 (Call 05/01/33)		2,710		2,718,912
6.35%, 12/15/32 (Call 09/15/32)(a)		2,149		2,272,328
Atlantic City Electric Co., 2.30%, 03/15/31 (Call 12/15/30)		2,151		1,775,339
Avangrid Inc., 3.80%, 06/01/29 (Call 03/01/29)(a)		5,819		5,428,852
Baltimore Gas & Electric Co., 2.25%, 06/15/31 (Call 03/15/31)		3,448		2,872,554
Berkshire Hathaway Energy Co.
1.65%, 05/15/31 (Call 02/15/31)(a)		3,095		2,450,601
3.70%, 07/15/30 (Call 04/15/30)(a)		6,537		6,037,972
Black Hills Corp.
2.50%, 06/15/30 (Call 03/15/30)(a)		2,269		1,884,990
3.05%, 10/15/29 (Call 07/15/29)(a)		2,420		2,144,313
4.35%, 05/01/33 (Call 02/01/33)(a)		1,365		1,244,471
CenterPoint Energy Houston Electric LLC
4.95%, 04/01/33 (Call 01/01/33)(a)		4,813		4,742,237
5.15%, 03/01/34 (Call 12/01/33)		1,510		1,507,206
Series AE, 2.35%, 04/01/31 (Call 01/01/31)(a)		2,355		1,978,164
Series AG, 3.00%, 03/01/32 (Call 12/01/31)		1,729		1,495,776
Series ai., 4.45%, 10/01/32 (Call 07/01/32)		2,898		2,760,478
Series K2, 6.95%, 03/15/33(a)		310		350,708
CenterPoint Energy Inc.
2.65%, 06/01/31 (Call 03/01/31)(a)		3,034		2,543,831
2.95%, 03/01/30 (Call 12/01/29)(a)		2,798		2,474,290
Cleco Corporate Holdings LLC, 3.38%, 09/15/29 (Call 06/15/29)		1,816		1,579,058
Cleveland Electric Illuminating Co. (The), 4.55%, 11/15/30 (Call 08/15/30)(a)(b)		2,329		2,169,704
CMS Energy Corp.
3.75%, 12/01/50 (Call 09/01/30), (5-year CMT + 2.900%)(c)		1,909		1,526,882
4.75%, 06/01/50 (Call 03/01/30), (5-year CMT + 4.116%)(c)		2,635		2,414,478
Colbun SA
3.15%, 03/06/30 (Call 12/06/29)(a)(b)		2,715		2,379,977
3.15%, 01/19/32 (Call 10/19/31)(a)(b)		2,665		2,250,077
Comision Federal de Electricidad
3.35%, 02/09/31 (Call 11/09/30)(a)(b)		6,340		5,345,461
3.88%, 07/26/33 (Call 04/26/33)(a)(b)		3,310		2,712,524
4.69%, 05/15/29 (Call 03/15/29)(b)		7,190		6,811,285
Commonwealth Edison Co.
2.20%, 03/01/30 (Call 12/01/29)		2,120		1,803,417
3.15%, 03/15/32 (Call 12/15/31)		1,325		1,152,850
4.90%, 02/01/33 (Call 11/01/32)(a)		1,259		1,238,681
Connecticut Light & Power Co. (The)
4.90%, 07/01/33 (Call 04/01/33)(a)		1,745		1,707,314
Series A, 2.05%, 07/01/31 (Call 04/01/31)		2,589		2,099,049
Consolidated Edison Co. of New York Inc.
2.40%, 06/15/31 (Call 03/15/31)		4,881		4,109,671
5.20%, 03/01/33 (Call 12/01/32)(a)		2,525		2,544,014
5.50%, 03/15/34 (Call 12/15/33)(a)		3,240		3,308,918
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)(a)		6,375		5,828,120

194 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Constellation Energy Generation LLC
5.80%, 03/01/33 (Call 12/01/32)	$	3,468	$	3,544,609
6.13%, 01/15/34 (Call 10/15/33)		2,183		2,277,506
Consumers Energy Co.
3.60%, 08/15/32 (Call 02/15/32)		1,910		1,721,352
4.60%, 05/30/29 (Call 03/30/29)		1,185		1,164,780
4.63%, 05/15/33 (Call 11/15/32)		4,280		4,135,029
Dominion Energy Inc.
4.35%, 08/15/32 (Call 05/15/32)(a)		2,635		2,455,746
5.38%, 11/15/32 (Call 08/15/32)(a)		5,643		5,610,432
Series C, 2.25%, 08/15/31 (Call 05/15/31)		7,603		6,155,203
Series C, 3.38%, 04/01/30 (Call 01/01/30)		9,881		8,884,375
Series E, 6.30%, 03/15/33		715		746,253
Series F, 5.25%, 08/01/33		850		835,609
Dominion Energy South Carolina Inc.
5.30%, 05/15/33(a)		990		998,206
6.63%, 02/01/32(a)		420		465,810
Series A, 2.30%, 12/01/31 (Call 09/01/31)		2,160		1,771,029
DTE Electric Co.
2.25%, 03/01/30 (Call 12/01/29)(a)		3,714		3,188,633
5.20%, 04/01/33 (Call 01/01/33)(a)		3,508		3,530,006
5.20%, 03/01/34 (Call 12/01/33)		2,700		2,686,531
Series A, 3.00%, 03/01/32 (Call 12/01/31)		2,950		2,546,978
Series C, 2.63%, 03/01/31 (Call 12/01/30)(a)		2,110		1,812,808
DTE Energy Co.
2.95%, 03/01/30 (Call 12/01/29)(a)		2,002		1,751,693
Series C, 3.40%, 06/15/29 (Call 03/15/29)(a)		2,860		2,616,550
Duke Energy Carolinas LLC
2.45%, 08/15/29 (Call 05/15/29)		2,538		2,238,396
2.45%, 02/01/30 (Call 11/01/29)		2,983		2,607,933
2.55%, 04/15/31 (Call 01/15/31)		3,139		2,689,584
2.85%, 03/15/32 (Call 12/15/31)(a)		2,655		2,255,910
4.85%, 01/15/34 (Call 10/15/33)(a)		2,420		2,347,649
4.95%, 01/15/33 (Call 10/15/32)(a)		6,889		6,790,590
6.45%, 10/15/32(a)		2,250		2,437,618
Duke Energy Corp.
2.45%, 06/01/30 (Call 03/01/30)(a)		5,151		4,404,582
2.55%, 06/15/31 (Call 03/15/31)		5,653		4,713,044
3.40%, 06/15/29 (Call 03/15/29)		3,442		3,169,471
4.50%, 08/15/32 (Call 05/15/32)		6,907		6,484,073
5.75%, 09/15/33 (Call 06/15/33)(a)		4,530		4,614,961
Duke Energy Florida LLC
1.75%, 06/15/30 (Call 03/15/30)(a)		2,816		2,323,657
2.40%, 12/15/31 (Call 09/15/31)		3,763		3,108,946
2.50%, 12/01/29 (Call 09/01/29)(a)		4,776		4,198,127
5.88%, 11/15/33 (Call 08/15/33)		2,540		2,658,977
Duke Energy Indiana LLC, 5.25%, 03/01/34 (Call 12/01/33)		1,600		1,595,840
Duke Energy Ohio Inc.
2.13%, 06/01/30 (Call 03/01/30)		2,470		2,075,383
5.25%, 04/01/33 (Call 01/01/33)(a)		1,985		1,986,559
Duke Energy Progress LLC
2.00%, 08/15/31 (Call 05/15/31)(a)		3,530		2,853,656
3.40%, 04/01/32 (Call 01/01/32)(a)		2,610		2,308,699
3.45%, 03/15/29 (Call 12/15/28)		652		609,817
5.25%, 03/15/33 (Call 12/15/32)(a)		2,050		2,046,438
Duquesne Light Holdings Inc.
2.53%, 10/01/30 (Call 07/01/30)(a)(b)		2,250		1,857,699
2.78%, 01/07/32 (Call 10/07/31)(a)(b)		2,279		1,847,791
Edison International, 6.95%, 11/15/29 (Call 09/15/29)		3,810		4,060,848

Security	Par (000)		Value
Electric (continued)
Electricite de France SA, 6.25%, 05/23/33 (Call 02/23/33)(a)(b)	$	6,135	$	6,409,038
Emera U.S. Finance LP, 2.64%, 06/15/31 (Call 03/15/31)		2,315		1,877,172
Enel Finance International NV
2.25%, 07/12/31 (Call 04/12/31)(b)		6,400		5,114,325
4.88%, 06/14/29(a)(b)		3,685		3,613,658
5.00%, 06/15/32 (Call 03/15/32)(a)(b)		5,639		5,380,609
7.50%, 10/14/32 (Call 07/14/32)(b)		7,340		8,167,211
Engie Energia Chile SA, 3.40%, 01/28/30 (Call 10/28/29)(b)		2,601		2,264,010
Entergy Arkansas LLC
5.15%, 01/15/33 (Call 10/15/32)(a)		2,160		2,163,044
5.30%, 09/15/33 (Call 06/15/33)(a)		980		982,701
Entergy Corp.
2.40%, 06/15/31 (Call 03/05/31)(a)		3,758		3,095,408
2.80%, 06/15/30 (Call 03/15/30)(a)		3,600		3,113,203
Entergy Louisiana LLC
1.60%, 12/15/30 (Call 09/15/30)(a)		1,966		1,557,803
2.35%, 06/15/32 (Call 03/15/32)(a)		3,160		2,560,040
3.05%, 06/01/31 (Call 03/01/31)(a)		1,860		1,609,749
4.00%, 03/15/33 (Call 12/15/32)(a)		4,440		4,042,742
Entergy Mississippi LLC, 5.00%, 09/01/33 (Call 06/01/33)(a)		1,230		1,206,341
Entergy Texas Inc.
1.75%, 03/15/31 (Call 12/15/30)(a)		3,433		2,750,570
4.00%, 03/30/29 (Call 12/30/28)		1,618		1,545,893
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29)(a)		5,377		4,763,829
Evergy Kansas Central Inc., 5.90%, 11/15/33 (Call 08/15/33)		2,425		2,522,110
Evergy Metro Inc.
4.95%, 04/15/33 (Call 01/15/33)(a)		1,810		1,769,711
Series 2020, 2.25%, 06/01/30 (Call 03/01/30)(a)		2,487		2,100,256
Evergy Missouri West Inc., 3.75%, 03/15/32 (Call 12/15/31)(a)(b)		1,497		1,316,955
Eversource Energy
2.55%, 03/15/31 (Call 12/15/30)(a)		2,010		1,658,019
3.38%, 03/01/32 (Call 12/01/31)		3,875		3,329,194
5.13%, 05/15/33 (Call 02/15/33)		5,045		4,873,084
5.50%, 01/01/34 (Call 10/01/33)		4,205		4,161,982
Series O, 4.25%, 04/01/29 (Call 01/01/29)		1,575		1,501,679
Series R, 1.65%, 08/15/30 (Call 05/15/30)(a)		3,503		2,789,009
Exelon Corp.
3.35%, 03/15/32 (Call 12/15/31)(a)		3,692		3,218,600
4.05%, 04/15/30 (Call 01/15/30)		7,894		7,403,535
5.30%, 03/15/33 (Call 12/15/32)(a)		5,753		5,695,931
5.45%, 03/15/34 (Call 12/15/33)		1,655		1,646,950
7.60%, 04/01/32(a)		2,345		2,653,724
Florida Power & Light Co.
2.45%, 02/03/32 (Call 11/03/31)		8,007		6,680,037
4.63%, 05/15/30 (Call 03/15/30)		3,087		3,039,425
4.80%, 05/15/33 (Call 02/15/33)		3,700		3,615,564
5.10%, 04/01/33 (Call 01/01/33)		4,368		4,349,381
5.95%, 10/01/33(a)		210		218,559
Georgia Power Co.
4.70%, 05/15/32 (Call 02/15/32)(a)		4,148		4,008,884
4.95%, 05/17/33 (Call 11/17/32)(a)		5,485		5,370,247
5.25%, 03/15/34 (Call 09/15/33)		2,700		2,687,804
Series B, 2.65%, 09/15/29 (Call 06/15/29)(a)		4,148		3,668,509

S C H E D U L E  O F  I N V E S T M E N T S 195

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Indianapolis Power & Light Co., 5.65%, 12/01/32 (Call 09/01/32)(a)(b)	$	1,500	$	1,525,675
Interstate Power & Light Co.
2.30%, 06/01/30 (Call 03/01/30)		1,721		1,450,531
3.60%, 04/01/29 (Call 01/01/29)(a)		1,860		1,728,062
5.70%, 10/15/33 (Call 07/15/33)		1,745		1,775,035
IPALCO Enterprises Inc., 4.25%, 05/01/30 (Call 02/01/30)		2,986		2,749,174
ITC Holdings Corp.
2.95%, 05/14/30 (Call 02/14/30)(b)		4,210		3,674,423
5.40%, 06/01/33 (Call 03/01/33)(b)		3,245		3,205,128
Jersey Central Power & Light Co., 2.75%, 03/01/32 (Call 12/01/31)(a)(b)		2,979		2,462,604
Kentucky Power Co., 7.00%, 11/15/33 (Call 08/15/33)(a)(b)		2,415		2,548,132
Kentucky Utilities Co., 5.45%, 04/15/33 (Call 01/15/33)(a)		2,090		2,110,058
Liberty Utilities Co., 5.87%, 01/31/34 (Call 10/31/33)(a)(b)		1,775		1,783,139
Liberty Utilities Finance GP 1, 2.05%, 09/15/30 (Call 06/15/30)(a)(b)		5,031		3,992,358
Louisville Gas & Electric Co., 5.45%, 04/15/33 (Call 01/15/33)		2,645		2,670,708
Massachusetts Electric Co., 1.73%, 11/24/30 (Call 08/24/30)(a)(b)		2,085		1,638,893
MidAmerican Energy Co.
3.65%, 04/15/29 (Call 01/15/29)		609		574,578
5.35%, 01/15/34 (Call 10/15/33)		1,875		1,911,394
6.75%, 12/30/31(a)		1,075		1,206,696
Minejesa Capital BV, 4.63%, 08/10/30(b)		4,965		4,688,747
Monongahela Power Co., 5.85%, 02/15/34 (Call 11/15/33)(b)		1,618		1,648,053
Narragansett Electric Co. (The), 3.40%, 04/09/30 (Call 01/09/30)(b)		4,319		3,918,031
National Grid PLC
5.42%, 01/11/34 (Call 10/11/33)		3,505		3,419,275
5.81%, 06/12/33 (Call 03/12/33)		5,979		6,041,228
National Grid USA, 8.00%, 11/15/30		340		379,900
National Rural Utilities Cooperative
Finance Corp.
1.35%, 03/15/31 (Call 12/15/30)		2,563		1,991,919
1.65%, 06/15/31 (Call 03/15/31)(a)		2,280		1,807,543
2.40%, 03/15/30 (Call 12/15/29)		3,222		2,779,158
2.75%, 04/15/32 (Call 01/15/32)		2,595		2,179,859
3.70%, 03/15/29 (Call 12/15/28)		2,588		2,432,466
4.02%, 11/01/32 (Call 05/01/32)(a)		2,260		2,074,610
4.15%, 12/15/32 (Call 09/15/32)		2,345		2,160,700
5.00%, 02/07/31 (Call 12/07/30)(a)		2,595		2,558,103
5.80%, 01/15/33 (Call 07/15/32)		3,785		3,914,654
Series C, 8.00%, 03/01/32		3,885		4,490,008
Nevada Power Co.
Series CC, 3.70%, 05/01/29 (Call 02/01/29)(a)		1,671		1,578,199
Series DD, 2.40%, 05/01/30 (Call 02/01/30)(a)		2,401		2,042,300
New York State Electric & Gas Corp.
2.15%, 10/01/31 (Call 07/01/31)(a)(b)		3,180		2,520,289
5.85%, 08/15/33 (Call 05/15/33)(b)		1,115		1,144,314
NextEra Energy Capital Holdings Inc.
2.25%, 06/01/30 (Call 03/01/30)(a)		12,112		10,185,491
2.44%, 01/15/32 (Call 10/15/31)		5,698		4,627,691

Security	Par (000)		Value
Electric (continued)
2.75%, 11/01/29 (Call 08/01/29)	$	6,414	$	5,650,950
3.50%, 04/01/29 (Call 01/01/29)		2,845		2,632,866
5.00%, 02/28/30 (Call 12/28/29)(a)		3,647		3,617,480
5.00%, 07/15/32 (Call 04/15/32)		5,850		5,697,685
5.05%, 02/28/33 (Call 11/28/32)(a)		6,350		6,195,578
5.25%, 03/15/34 (Call 12/15/33)		4,925		4,830,659
5.65%, 05/01/79 (Call 05/01/29), (3-mo. LIBOR US + 3.156%)(a)(c)		2,776		2,662,754
Niagara Mohawk Power Corp.
1.96%, 06/27/30 (Call 03/27/30)(a)(b)		6,259		5,115,116
2.76%, 01/10/32 (Call 10/10/31)(a)(b)		1,205		990,329
5.29%, 01/17/34 (Call 10/17/33)(b)		3,035		2,961,074
Northern States Power Co./MN, 2.25%, 04/01/31 (Call 10/01/30)		3,890		3,258,917
NRG Energy Inc.
4.45%, 06/15/29 (Call 03/15/29)(b)		2,926		2,719,439
7.00%, 03/15/33 (Call 12/15/32)(a)(b)		4,510		4,695,562
NSTAR Electric Co.
1.95%, 08/15/31 (Call 05/15/31)(a)		1,804		1,440,261
3.25%, 05/15/29 (Call 02/15/29)(a)		3,805		3,542,632
3.95%, 04/01/30 (Call 01/01/30)(a)		2,358		2,210,106
Oglethorpe Power Corp., 6.19%, 01/01/31(b)		127		126,148
Ohio Edison Co., 5.50%, 01/15/33 (Call 10/15/32)(a)(b)		1,555		1,533,918
Ohio Power Co.
5.00%, 06/01/33 (Call 03/01/33)(a)		1,319		1,294,942
Series D, 6.60%, 03/01/33		2,390		2,558,846
Series G, 6.60%, 02/15/33		325		351,779
Series P, 2.60%, 04/01/30 (Call 01/01/30)(a)		1,900		1,645,230
Series Q, 1.63%, 01/15/31 (Call 10/15/30)(a)		2,410		1,922,565
Oklahoma Gas & Electric Co.
3.25%, 04/01/30 (Call 10/01/29)(a)		1,965		1,762,412
3.30%, 03/15/30 (Call 09/15/29)(a)		1,889		1,700,317
5.40%, 01/15/33 (Call 07/15/32)(a)		2,565		2,610,441
Oncor Electric Delivery Co. LLC
2.75%, 05/15/30 (Call 02/15/30)		3,754		3,301,127
4.15%, 06/01/32 (Call 03/01/32)(a)		3,075		2,877,510
4.55%, 09/15/32 (Call 06/15/32)		3,614		3,471,765
5.65%, 11/15/33 (Call 08/15/33)(a)		4,320		4,462,698
7.00%, 05/01/32(a)		2,540		2,827,416
7.25%, 01/15/33(a)		1,525		1,733,308
Pacific Gas and Electric Co.
2.50%, 02/01/31 (Call 11/01/30)(a)		11,350		9,301,029
3.25%, 06/01/31 (Call 03/01/31)(a)		6,204		5,322,990
4.20%, 03/01/29 (Call 01/01/29)		495		466,674
4.40%, 03/01/32 (Call 12/01/31)		2,755		2,504,282
4.55%, 07/01/30 (Call 01/01/30)		17,417		16,346,455
5.80%, 05/15/34 (Call 02/15/34)(a)		3,750		3,746,057
5.90%, 06/15/32 (Call 03/15/32)(a)		3,556		3,575,679
6.10%, 01/15/29 (Call 12/15/28)		2,065		2,113,865
6.15%, 01/15/33 (Call 10/15/32)(a)		4,628		4,734,164
6.40%, 06/15/33 (Call 03/15/33)(a)		6,880		7,153,208
6.95%, 03/15/34 (Call 12/15/33)(a)		4,408		4,763,913
PacifiCorp.
2.70%, 09/15/30 (Call 06/15/30)		2,512		2,156,356
3.50%, 06/15/29 (Call 03/15/29)(a)		1,631		1,502,233
5.30%, 02/15/31 (Call 12/15/30)(a)		4,065		4,021,383
5.45%, 02/15/34 (Call 11/15/33)		3,425		3,375,385
7.70%, 11/15/31(a)		970		1,111,608
PECO Energy Co., 4.90%, 06/15/33 (Call 03/15/33)(a)		3,235		3,207,519

196 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Pennsylvania Electric Co., 3.60%, 06/01/29 (Call 03/01/29)(a)(b)	$	1,830	$	1,689,702
Perusahaan Perseroan Persero PT Perusahaan
Listrik Negara
3.00%, 06/30/30 (Call 03/30/30)(a)(b)		3,553		3,056,312
3.38%, 02/05/30(a)(b)		3,645		3,234,937
3.88%, 07/17/29(b)		3,982		3,666,325
Potomac Electric Power Co., 5.20%, 03/15/34 (Call 12/15/33)		1,825		1,815,593
PPL Capital Funding Inc., 4.13%, 04/15/30 (Call 01/15/30)(a)		1,290		1,201,831
PPL Electric Utilities Corp.
4.85%, 02/15/34 (Call 11/15/33)		2,255		2,195,845
5.00%, 05/15/33 (Call 02/15/33)		4,838		4,807,807
Progress Energy Inc.
7.00%, 10/30/31(a)		2,390		2,635,826
7.75%, 03/01/31		3,737		4,226,346
Public Service Co. of Colorado
1.88%, 06/15/31 (Call 12/15/30)		3,796		3,055,202
4.10%, 06/01/32 (Call 03/01/32)(a)		1,520		1,409,562
Series 35, 1.90%, 01/15/31 (Call 07/15/30)		1,682		1,367,984
Public Service Co. of New Hampshire
5.35%, 10/01/33 (Call 07/01/33)		1,830		1,851,318
Series V, 2.20%, 06/15/31 (Call 03/15/31)		1,400		1,156,043
Public Service Co. of Oklahoma
5.25%, 01/15/33 (Call 10/15/32)		3,680		3,649,621
Series J, 2.20%, 08/15/31 (Call 05/15/31)		2,765		2,250,367
Public Service Electric & Gas Co.
1.90%, 08/15/31 (Call 05/15/31)		2,593		2,087,510
2.45%, 01/15/30 (Call 10/15/29)		1,948		1,694,104
3.10%, 03/15/32 (Call 12/15/31)		2,260		1,971,765
3.20%, 05/15/29 (Call 02/15/29)		2,246		2,070,828
4.65%, 03/15/33 (Call 12/15/32)(a)		2,790		2,700,413
4.90%, 12/15/32 (Call 09/15/32)		2,330		2,301,759
5.20%, 08/01/33 (Call 05/01/33)(a)		1,195		1,207,421
5.20%, 03/01/34 (Call 12/01/33)		2,700		2,700,618
Public Service Enterprise Group Inc.
1.60%, 08/15/30 (Call 05/15/30)(a)		3,275		2,632,177
2.45%, 11/15/31 (Call 08/15/31)		4,385		3,569,786
6.13%, 10/15/33 (Call 07/15/33)(a)		2,391		2,491,847
Puget Energy Inc.
4.10%, 06/15/30 (Call 03/15/30)(a)		2,777		2,514,076
4.22%, 03/15/32 (Call 12/15/31)		2,585		2,312,608
San Diego Gas & Electric Co.
Series VVV, 1.70%, 10/01/30 (Call 07/01/30)		5,091		4,144,543
Series XXX, 3.00%, 03/15/32 (Call 12/15/31)(a)		3,113		2,692,532
Sempra
3.70%, 04/01/29 (Call 02/01/29)		2,490		2,317,040
5.50%, 08/01/33 (Call 05/01/33)		3,730		3,706,981
Sociedad de Transmision Austral SA, 4.00%, 01/27/32 (Call 10/27/31)(a)(b)		1,895		1,662,863
Southern California Edison Co.
2.25%, 06/01/30 (Call 03/01/30)		3,511		2,964,247
2.75%, 02/01/32 (Call 11/01/31)		2,385		2,005,488
2.85%, 08/01/29 (Call 05/01/29)(a)		3,217		2,878,186
5.20%, 06/01/34 (Call 03/01/34)		2,725		2,665,426
5.95%, 11/01/32 (Call 08/01/32)(a)		4,430		4,619,195
6.00%, 01/15/34		195		203,557
6.65%, 04/01/29		2		2,100
Series A, 4.20%, 03/01/29 (Call 12/01/28)		2,866		2,760,110

Security	Par (000)		Value
Electric (continued)
Series G, 2.50%, 06/01/31 (Call 03/01/31)	$	3,231	$	2,712,762
Southern Co. (The)
5.20%, 06/15/33 (Call 12/15/32)(a)		4,585		4,513,353
5.70%, 10/15/32 (Call 04/15/32)		3,040		3,112,441
5.70%, 03/15/34 (Call 09/15/33)		2,025		2,062,837
Series A, 3.70%, 04/30/30 (Call 01/30/30)(a)		5,781		5,329,578
Southwestern Electric Power Co., 5.30%, 04/01/33 (Call 01/01/33)(a)		2,630		2,594,664
Tampa Electric Co., 2.40%, 03/15/31 (Call 12/15/30)(a)		2,346		1,945,279
Three Gorges Finance I Cayman Islands Ltd., 2.15%, 09/22/30 (Call 06/22/30)(b)		85		72,521
Tucson Electric Power Co.
1.50%, 08/01/30 (Call 05/01/30)		3,149		2,527,953
3.25%, 05/15/32 (Call 02/15/32)(a)		1,306		1,130,664
Union Electric Co.
2.15%, 03/15/32 (Call 12/15/31)(a)		3,045		2,449,817
2.95%, 03/15/30 (Call 12/15/29)		1,559		1,381,636
3.50%, 03/15/29 (Call 12/15/28)		2,163		2,017,097
Virginia Electric & Power Co.
2.30%, 11/15/31 (Call 08/15/31)(a)		2,838		2,339,235
2.40%, 03/30/32 (Call 12/30/31)(a)		3,305		2,727,915
5.00%, 04/01/33 (Call 01/01/33)		5,070		4,968,051
5.00%, 01/15/34 (Call 10/15/33)(a)		2,500		2,430,187
5.30%, 08/15/33 (Call 05/15/33)(a)		2,945		2,942,907
Series A, 2.88%, 07/15/29 (Call 04/15/29)(a)		2,988		2,703,762
Vistra Operations Co. LLC
4.30%, 07/15/29 (Call 04/15/29)(b)		4,585		4,273,366
6.95%, 10/15/33 (Call 07/15/33)(b)		4,145		4,318,655
WEC Energy Group Inc., 1.80%, 10/15/30 (Call 07/15/30)		2,829		2,289,043
Wisconsin Electric Power Co.
4.75%, 09/30/32 (Call 06/30/32)(a)		4,275		4,192,040
5.63%, 05/15/33(a)		545		571,030
Wisconsin Power and Light Co.
1.95%, 09/16/31 (Call 06/16/31)(a)		2,645		2,101,208
3.00%, 07/01/29 (Call 04/01/29)(a)		1,413		1,289,201
3.95%, 09/01/32 (Call 06/01/32)(a)		3,702		3,415,461
4.95%, 04/01/33 (Call 01/01/33)		2,816		2,737,013
Xcel Energy Inc.
2.35%, 11/15/31 (Call 05/15/31)(a)		1,770		1,419,756
2.60%, 12/01/29 (Call 06/01/29)(a)		3,005		2,615,297
3.40%, 06/01/30 (Call 12/01/29)(a)		3,583		3,196,282
4.60%, 06/01/32 (Call 12/01/31)(a)		3,395		3,165,659
5.45%, 08/15/33 (Call 02/15/33)		3,810		3,772,308
5.50%, 03/15/34 (Call 09/15/33)		4,025		3,956,173
				938,625,626
Electrical Components & Equipment — 0.1%
Acuity Brands Lighting Inc., 2.15%, 12/15/30 (Call 09/15/30)		3,226		2,643,824
Emerson Electric Co.
1.95%, 10/15/30 (Call 07/15/30)		3,035		2,546,563
2.20%, 12/21/31 (Call 09/21/31)		6,184		5,130,651
6.00%, 08/15/32(a)		55		57,810
				10,378,848
Electronics — 0.7%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		2,424		2,212,811
Allegion U.S. Holding Co. Inc., 5.41%, 07/01/32 (Call 04/01/32)		3,433		3,430,214

S C H E D U L E  O F  I N V E S T M E N T S 197

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electronics (continued)
Amphenol Corp.
2.20%, 09/15/31 (Call 06/15/31)	$	4,315	$	3,540,551
2.80%, 02/15/30 (Call 11/15/29)(a)		5,649		5,032,499
4.35%, 06/01/29 (Call 03/01/29)		2,879		2,798,732
Arrow Electronics Inc., 2.95%, 02/15/32 (Call 11/15/31)(a)		3,068		2,563,846
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		2,206		1,822,668
5.50%, 06/01/32 (Call 03/01/32)		2,100		2,014,557
Flex Ltd.
4.88%, 06/15/29 (Call 03/15/29)		3,789		3,685,077
4.88%, 05/12/30 (Call 02/12/30)		4,011		3,866,865
Honeywell International Inc.
1.75%, 09/01/31 (Call 06/01/31)(a)		8,451		6,795,791
1.95%, 06/01/30 (Call 03/01/30)		6,452		5,454,756
2.70%, 08/15/29 (Call 05/15/29)(a)		4,391		3,949,983
4.50%, 01/15/34 (Call 10/15/33)		635		610,726
4.88%, 09/01/29 (Call 08/01/29)		1,875		1,876,067
4.95%, 09/01/31 (Call 07/01/31)		3,750		3,742,712
5.00%, 02/15/33 (Call 11/15/32)(a)		6,207		6,218,055
Hubbell Inc., 2.30%, 03/15/31 (Call 12/15/30)(a)		1,746		1,441,094
Jabil Inc.
3.00%, 01/15/31 (Call 10/15/30)(a)		3,645		3,113,457
3.60%, 01/15/30 (Call 10/15/29)(a)		3,098		2,790,583
Keysight Technologies Inc., 3.00%, 10/30/29 (Call 07/30/29)		3,272		2,910,214
TD SYNNEX Corp., 2.65%, 08/09/31 (Call 05/09/31)(a)		2,956		2,345,156
Trimble Inc., 6.10%, 03/15/33 (Call 12/15/32)(a)		5,048		5,275,168
Tyco Electronics Group SA, 2.50%, 02/04/32 (Call 12/04/31)(a)		3,026		2,560,184
Vontier Corp., 2.95%, 04/01/31 (Call 01/01/31)		3,505		2,883,697
				82,935,463
Engineering & Construction — 0.1%
Jacobs Engineering Group Inc., 5.90%, 03/01/33 (Call 12/01/32)(a)		1,965		1,964,226
Sitios Latinoamerica SAB de CV, 5.38%, 04/04/32 (Call 01/04/32)(a)(b)		5,685		5,241,710
Ste Transcore Holdings Inc., 3.75%, 05/05/32 (Call 11/05/31)(a)(b)		2,140		1,944,982
Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31 (Call 08/12/30)(b)		545		451,413
Vinci SA, 3.75%, 04/10/29 (Call 01/10/29)(a)(b)		5,583		5,312,317
				14,914,648
Entertainment — 0.3%
Genm Capital Labuan Ltd., 3.88%, 04/19/31 (Call 01/19/31)(a)(b)		2,635		2,281,905
Warnermedia Holdings Inc.
4.05%, 03/15/29 (Call 01/15/29)		5,845		5,414,038
4.28%, 03/15/32 (Call 12/15/31)(a)		28,743		25,356,702
				33,052,645
Environmental Control — 0.5%
Republic Services Inc.
1.45%, 02/15/31 (Call 11/15/30)(a)		4,062		3,205,827
1.75%, 02/15/32 (Call 11/15/31)		3,594		2,820,202
2.30%, 03/01/30 (Call 12/01/29)		3,848		3,303,836
2.38%, 03/15/33 (Call 12/15/32)(a)		3,835		3,072,382
4.88%, 04/01/29 (Call 03/01/29)(a)		1,080		1,075,870
5.00%, 12/15/33 (Call 09/15/33)		2,390		2,351,451

Security	Par (000)		Value
Environmental Control (continued)
Veralto Corp., 5.45%, 09/18/33 (Call 06/18/33)(b)	$	5,253	$	5,276,085
Waste Connections Inc.
2.20%, 01/15/32 (Call 10/15/31)		3,997		3,241,487
2.60%, 02/01/30 (Call 11/01/29)		3,733		3,285,213
3.20%, 06/01/32 (Call 03/01/32)		2,907		2,531,404
3.50%, 05/01/29 (Call 02/01/29)(a)		2,774		2,599,081
4.20%, 01/15/33 (Call 10/15/32)(a)		4,342		4,059,119
5.00%, 03/01/34 (Call 12/01/33)(a)		2,700		2,643,627
Waste Management Inc.
1.50%, 03/15/31 (Call 12/15/30)(a)		5,711		4,542,111
2.00%, 06/01/29 (Call 04/01/29)		2,840		2,457,445
4.15%, 04/15/32 (Call 01/15/32)(a)		5,580		5,257,616
4.63%, 02/15/30 (Call 12/15/29)(a)		4,375		4,303,394
4.63%, 02/15/33 (Call 11/15/32)		3,095		2,989,450
4.88%, 02/15/34 (Call 11/15/33)		10		9,798
				59,025,398
Food — 1.7%
Ahold Finance USA LLC, 6.88%, 05/01/29(a)		4,200		4,559,010
Bimbo Bakeries USA Inc., 6.40%, 01/15/34 (Call 10/15/33)(b)		2,000		2,138,200
Campbell Soup Co., 2.38%, 04/24/30 (Call 01/24/30)(a)		3,415		2,897,975
CK Hutchison International 20 Ltd., 2.50%, 05/08/30 (Call 02/08/30)(a)(b)		885		764,527
CK Hutchison International 21 Ltd., 2.50%, 04/15/31 (Call 01/15/31)(a)(b)		3,655		3,101,317
Conagra Brands Inc., 8.25%, 09/15/30(a)		2,950		3,387,953
Flowers Foods Inc., 2.40%, 03/15/31 (Call 12/15/30)(a)		3,150		2,633,555
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)(a)		3,778		3,098,995
2.88%, 04/15/30 (Call 01/15/30)(a)		4,870		4,303,880
4.95%, 03/29/33 (Call 12/29/32)(a)		6,300		6,184,820
Hershey Co. (The)
1.70%, 06/01/30 (Call 03/01/30)(a)		2,308		1,927,366
2.45%, 11/15/29 (Call 08/15/29)		1,757		1,556,158
4.50%, 05/04/33 (Call 02/04/33)(a)		1,710		1,672,387
Hormel Foods Corp., 1.80%, 06/11/30 (Call 03/11/30)		6,018		4,990,947
Ingredion Inc., 2.90%, 06/01/30 (Call 03/01/30)		3,670		3,220,107
J M Smucker Co. (The), 6.20%, 11/15/33 (Call 08/15/33)(a)		4,855		5,131,567
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
3.00%, 05/15/32 (Call 02/15/32)		6,098		4,882,402
3.63%, 01/15/32 (Call 01/15/27)(a)		5,640		4,742,310
3.75%, 12/01/31 (Call 12/01/26)		3,232		2,748,284
5.50%, 01/15/30 (Call 01/15/25)		8,075		7,870,232
5.75%, 04/01/33 (Call 01/01/33)		11,805		11,448,703
JM Smucker Co. (The)
2.13%, 03/15/32 (Call 12/15/31)(a)		2,980		2,373,607
2.38%, 03/15/30 (Call 12/15/29)(a)		3,584		3,075,855
Kellanova
2.10%, 06/01/30 (Call 03/01/30)(a)		3,508		2,956,340
5.25%, 03/01/33 (Call 12/01/32)(a)		2,645		2,627,576
Series B, 7.45%, 04/01/31		4,363		4,884,286
Kraft Heinz Foods Co.
3.75%, 04/01/30 (Call 01/01/30)(a)		5,173		4,827,638
4.25%, 03/01/31 (Call 12/01/30)		2,474		2,350,727
6.75%, 03/15/32(a)		2,732		2,987,966

198 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
Kroger Co. (The)
1.70%, 01/15/31 (Call 10/15/30)(a)	$	3,520	$	2,807,375
2.20%, 05/01/30 (Call 02/01/30)(a)		2,597		2,187,794
7.50%, 04/01/31(a)		1,565		1,766,169
8.00%, 09/15/29(a)		2,874		3,263,425
Series B, 7.70%, 06/01/29		1,535		1,703,677
Mars Inc.
1.63%, 07/16/32 (Call 04/16/32)(a)(b)		2,800		2,152,807
3.20%, 04/01/30 (Call 01/01/30)(b)		4,332		3,926,806
4.65%, 04/20/31 (Call 02/20/31)(a)(b)		3,145		3,079,386
4.75%, 04/20/33 (Call 01/20/33)(a)(b)		6,065		5,906,428
McCormick & Co. Inc./MD
1.85%, 02/15/31 (Call 11/15/30)		3,057		2,456,608
2.50%, 04/15/30 (Call 01/15/30)(a)		2,799		2,398,322
4.95%, 04/15/33 (Call 01/15/33)(a)		3,528		3,443,252
Mondelez International Inc.
1.50%, 02/04/31 (Call 11/04/30)		3,042		2,420,536
1.88%, 10/15/32 (Call 07/15/32)(a)		3,450		2,714,842
2.75%, 04/13/30 (Call 01/13/30)		4,366		3,859,029
3.00%, 03/17/32 (Call 12/17/31)		4,815		4,149,877
6.50%, 11/01/31(a)		1,075		1,147,481
Nestle Holdings Inc.
1.25%, 09/15/30 (Call 06/15/30)(a)(b)		6,060		4,875,509
1.88%, 09/14/31 (Call 06/14/31)(a)(b)		4,910		4,051,562
4.25%, 10/01/29 (Call 08/01/29)(a)(b)		2,898		2,828,261
4.30%, 10/01/32 (Call 07/01/32)(a)(b)		6,008		5,887,876
4.85%, 03/14/33 (Call 12/14/32)(a)(b)		4,763		4,775,148
4.95%, 03/14/30 (Call 01/14/30)(a)(b)		2,850		2,875,502
5.00%, 09/12/30 (Call 07/12/30)(a)(b)		2,540		2,583,007
5.00%, 09/12/33 (Call 06/12/33)(a)(b)		1,545		1,575,510
Smithfield Foods Inc.
2.63%, 09/13/31 (Call 06/13/31)(a)(b)		2,950		2,255,451
3.00%, 10/15/30 (Call 07/15/30)(b)		2,999		2,469,111
5.20%, 04/01/29 (Call 01/01/29)(b)		2,188		2,099,358
Sysco Corp.
2.40%, 02/15/30 (Call 11/15/29)(a)		3,007		2,586,448
2.45%, 12/14/31 (Call 09/14/31)		2,672		2,208,514
5.95%, 04/01/30 (Call 01/01/30)		6,184		6,434,865
6.00%, 01/17/34 (Call 10/17/33)(a)		2,595		2,734,768
Tyson Foods Inc., 5.70%, 03/15/34 (Call 12/15/33)		2,700		2,696,508
				211,665,902
Forest Products & Paper — 0.3%
Celulosa Arauco y Constitucion SA
4.20%, 01/29/30 (Call 10/29/29)(a)(b)		2,352		2,151,157
4.25%, 04/30/29 (Call 01/30/29)(b)		2,792		2,530,968
Georgia-Pacific LLC
2.30%, 04/30/30 (Call 01/30/30)(b)		6,028		5,139,075
7.75%, 11/15/29(a)		3,231		3,670,755
8.88%, 05/15/31(a)		1,091		1,338,402
Inversiones CMPC SA
3.00%, 04/06/31 (Call 01/06/31)(a)(b)		2,970		2,510,006
3.85%, 01/13/30 (Call 10/13/29)(a)(b)		1,695		1,538,839
6.13%, 06/23/33 (Call 03/23/33)(a)(b)		735		742,100
Suzano Austria GmbH
3.13%, 01/15/32 (Call 10/15/31)(a)		6,160		5,058,670
3.75%, 01/15/31 (Call 10/15/30)(a)		7,164		6,268,012
5.00%, 01/15/30 (Call 10/15/29)(a)		5,765		5,490,515
				36,438,499

Security	Par (000)		Value
Gas — 0.7%
Atmos Energy Corp.
1.50%, 01/15/31 (Call 10/15/30)(a)	$	3,191	$	2,541,100
2.63%, 09/15/29 (Call 06/15/29)(a)		2,631		2,341,809
5.45%, 10/15/32 (Call 07/15/32)(a)		1,290		1,322,769
5.90%, 11/15/33 (Call 08/15/33)(a)		2,474		2,601,570
Boston Gas Co.
3.00%, 08/01/29 (Call 05/01/29)(b)		2,923		2,563,437
3.76%, 03/16/32 (Call 12/16/31)(b)		2,385		2,085,181
Brooklyn Union Gas Co. (The)
3.87%, 03/04/29 (Call 12/04/28)(a)(b)		2,556		2,352,259
4.87%, 08/05/32 (Call 05/05/32)(b)		2,355		2,162,056
6.39%, 09/15/33 (Call 06/15/33)(a)(b)		2,533		2,584,797
CenterPoint Energy Resources Corp.
1.75%, 10/01/30 (Call 07/01/30)		2,530		2,055,337
4.40%, 07/01/32 (Call 04/01/32)(a)		2,940		2,782,327
5.40%, 03/01/33 (Call 12/01/32)(a)		3,513		3,543,152
East Ohio Gas Co. (The), 2.00%, 06/15/30 (Call 03/15/30)(b)		2,831		2,320,902
ENN Energy Holdings Ltd., 2.63%, 09/17/30 (Call 06/17/30)(b)		70		59,604
Grupo Energia Bogota SA ESP
4.88%, 05/15/30 (Call 02/15/30)(a)(b)		2,145		2,033,704
7.85%, 11/09/33 (Call 07/09/33)(b)		225		246,085
KeySpan Gas East Corp., 5.99%, 03/06/33 (Call 12/06/32)(b)		2,916		2,905,868
Korea Gas Corp., 2.88%, 07/16/29(a)(b)		2,890		2,600,061
Nakilat Inc., 6.07%, 12/31/33(b)		62		64,194
National Fuel Gas Co., 2.95%, 03/01/31 (Call 12/01/30)(a)		3,385		2,828,179
NiSource Inc.
1.70%, 02/15/31 (Call 11/15/30)		4,139		3,287,408
2.95%, 09/01/29 (Call 06/01/29)		4,235		3,805,783
3.60%, 05/01/30 (Call 02/01/30)		5,549		5,077,818
5.40%, 06/30/33 (Call 03/30/33)(a)		2,175		2,174,995
ONE Gas Inc.
2.00%, 05/15/30 (Call 02/15/30)(a)		1,400		1,166,167
4.25%, 09/01/32 (Call 06/01/32)(a)		740		699,620
5.10%, 04/01/29 (Call 03/01/29)(a)		445		446,465
Piedmont Natural Gas Co. Inc.
2.50%, 03/15/31 (Call 12/15/30)(a)		1,974		1,650,899
3.50%, 06/01/29 (Call 03/01/29)(a)		3,034		2,794,028
5.40%, 06/15/33 (Call 03/15/33)(a)		2,160		2,164,560
Promigas SA ESP/Gases del Pacifico SAC, 3.75%, 10/16/29 (Call 07/16/29)(a)(b)		2,595		2,262,383
Sempra Global, 3.25%, 01/15/32 (Call 10/15/31)(a)(b)		2,892		2,344,360
Southern California Gas Co.
5.20%, 06/01/33 (Call 03/01/33)		3,236		3,211,035
Series XX, 2.55%, 02/01/30 (Call 11/01/29)(a)		3,545		3,077,992
Southern Co. Gas Capital Corp.
5.15%, 09/15/32 (Call 03/15/32)(a)		3,025		3,003,109
5.75%, 09/15/33 (Call 03/15/33)		3,073		3,148,576
Series 2020-A, 1.75%, 01/15/31 (Call 10/15/30)		2,751		2,203,374
Southwest Gas Corp.
2.20%, 06/15/30 (Call 03/15/30)		2,194		1,832,228
4.05%, 03/15/32 (Call 12/15/31)(a)		3,660		3,347,085
Spire Missouri Inc., 4.80%, 02/15/33 (Call 11/15/32)(a)		1,085		1,055,215
				90,747,491

S C H E D U L E  O F  I N V E S T M E N T S 199

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hand & Machine Tools — 0.2%
Kennametal Inc., 2.80%, 03/01/31 (Call 12/01/30)	$	1,642	$	1,374,459
Regal Rexnord Corp.
6.30%, 02/15/30 (Call 12/15/29)(b)		6,226		6,339,443
6.40%, 04/15/33 (Call 01/15/33)(a)(b)		5,640		5,790,275
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)(a)		4,734		3,975,843
3.00%, 05/15/32 (Call 02/15/32)(a)		3,004		2,538,185
				20,018,205
Health Care - Products — 1.3%
Abbott Laboratories, 1.40%, 06/30/30 (Call 03/30/30)(a)		4,105		3,386,253
Agilent Technologies Inc.
2.10%, 06/04/30 (Call 03/04/30)		3,211		2,691,505
2.30%, 03/12/31 (Call 12/12/30)		5,381		4,493,074
2.75%, 09/15/29 (Call 06/15/29)(a)		3,134		2,806,386
Alcon Finance Corp.
2.60%, 05/27/30 (Call 02/27/30)(b)		4,674		4,012,604
3.00%, 09/23/29 (Call 06/23/29)(b)		5,571		4,997,162
5.38%, 12/06/32 (Call 09/06/32)(a)(b)		4,498		4,503,711
Baxter International Inc.
1.73%, 04/01/31 (Call 01/01/31)(a)		4,184		3,304,483
2.54%, 02/01/32 (Call 11/01/31)(a)		9,190		7,534,867
3.95%, 04/01/30 (Call 01/01/30)(a)		3,199		2,962,448
Boston Scientific Corp.
2.65%, 06/01/30 (Call 03/01/30)		7,289		6,371,521
4.00%, 03/01/29 (Call 12/01/28)(a)		650		620,893
Dentsply Sirona Inc., 3.25%, 06/01/30 (Call 03/01/30)		4,513		3,927,927
DH Europe Finance II Sarl, 2.60%, 11/15/29 (Call 08/15/29)		4,450		3,956,248
GE HealthCare Technologies Inc.
5.86%, 03/15/30 (Call 01/15/30)		7,240		7,483,974
5.91%, 11/22/32 (Call 08/22/32)(a)		10,218		10,619,180
HCA Inc., 3.63%, 03/15/32 (Call 12/15/31)		12,714		11,106,389
Medtronic Global Holdings SCA, 4.50%, 03/30/33 (Call 12/30/32)		6,253		6,018,887
Revvity Inc.
2.25%, 09/15/31 (Call 06/15/31)(a)		3,109		2,528,066
2.55%, 03/15/31 (Call 12/15/30)(a)		2,698		2,259,708
3.30%, 09/15/29 (Call 06/15/29)		4,925		4,433,732
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)(a)		6,220		5,093,330
Solventum Corp.
5.45%, 03/13/31 (Call 01/13/31)(b)		6,275		6,220,979
5.60%, 03/23/34 (Call 12/23/33)(a)(b)		6,275		6,235,436
STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31 (Call 12/15/30)		4,042		3,431,571
Stryker Corp., 1.95%, 06/15/30 (Call 03/15/30)		5,910		4,945,293
Thermo Fisher Scientific Inc.
2.00%, 10/15/31 (Call 07/15/31)(a)		7,151		5,842,458
2.60%, 10/01/29 (Call 07/01/29)(a)		5,024		4,480,816
4.95%, 11/21/32 (Call 08/21/32)(a)		3,708		3,693,635
4.98%, 08/10/30 (Call 06/10/30)		4,730		4,733,349
5.09%, 08/10/33 (Call 05/10/33)(a)		4,710		4,737,510
5.20%, 01/31/34 (Call 10/31/33)(a)		2,855		2,887,239
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)(a)		4,708		3,947,857
3.55%, 03/20/30 (Call 12/20/29)(a)		1,958		1,773,220
				158,041,711

Security	Par (000)		Value
Health Care - Services — 2.4%
Adventist Health System/West
2.95%, 03/01/29 (Call 12/01/28)(a)	$	1,640	$	1,462,726
5.43%, 03/01/32 (Call 12/01/31)(a)		940		941,863
Advocate Health & Hospitals Corp., Series
2020, 2.21%, 06/15/30 (Call 03/15/30)(a)		295		245,014
Ascension Health, Series B, 2.53%, 11/15/29 (Call 08/15/29)		5,279		4,701,119
Banner Health
1.90%, 01/01/31 (Call 07/01/30)(a)		776		632,091
2.34%, 01/01/30 (Call 10/01/29)(a)		1,830		1,579,326
Baylor Scott & White Holdings, Series 2021, 1.78%, 11/15/30 (Call 05/15/30)		2,035		1,647,473
Bon Secours Mercy Health Inc.
3.46%, 06/01/30 (Call 12/01/29)(a)		2,615		2,385,838
Series 20-2, 2.10%, 06/01/31 (Call 12/01/30)		2,005		1,635,066
Cedars-Sinai Health System, Series 2021, 2.29%, 08/15/31 (Call 02/15/31)		1,275		1,063,833
Centene Corp.
2.50%, 03/01/31 (Call 12/01/30)		12,563		10,293,187
2.63%, 08/01/31 (Call 05/01/31)(a)		7,553		6,180,393
3.00%, 10/15/30 (Call 07/15/30)		12,533		10,707,819
3.38%, 02/15/30 (Call 02/15/25)(a)		11,336		10,000,023
4.63%, 12/15/29 (Call 12/15/24)(a)		18,574		17,581,220
CommonSpirit Health
2.78%, 10/01/30 (Call 04/01/30)		910		779,212
3.35%, 10/01/29 (Call 04/01/29)		3,963		3,603,516
Elevance Health Inc.
2.25%, 05/15/30 (Call 02/15/30)		6,017		5,108,551
2.55%, 03/15/31 (Call 12/15/30)		6,309		5,348,433
2.88%, 09/15/29 (Call 06/15/29)		5,735		5,149,909
4.10%, 05/15/32 (Call 02/15/32)(a)		3,786		3,488,197
4.75%, 02/15/33 (Call 11/15/32)(a)		5,560		5,374,017
5.50%, 10/15/32 (Call 07/15/32)(a)		3,965		4,038,140
Fresenius Medical Care U.S. Finance III Inc.
2.38%, 02/16/31 (Call 11/16/30)(a)(b)		5,510		4,280,530
3.00%, 12/01/31 (Call 09/01/31)(a)(b)		3,130		2,487,251
3.75%, 06/15/29 (Call 03/15/29)(a)(b)		2,776		2,466,462
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)(a)		4,778		3,888,432
3.38%, 03/15/29 (Call 01/15/29)(a)		2,740		2,498,952
3.50%, 09/01/30 (Call 03/01/30)		15,329		13,696,376
4.13%, 06/15/29 (Call 03/15/29)		11,158		10,505,922
5.45%, 04/01/31 (Call 02/01/31)(a)		1,545		1,537,694
5.50%, 06/01/33 (Call 03/01/33)(a)		7,625		7,579,817
5.60%, 04/01/34 (Call 01/01/34)(a)		3,450		3,434,830
7.50%, 11/06/33(a)		680		756,814
Health Care Service Corp. A Mutual Legal Reserve Co., 2.20%, 06/01/30 (Call 03/01/30)(b)		4,779		4,001,266
Highmark Inc., 2.55%, 05/10/31 (Call 02/10/31)(a)(b)		2,909		2,282,760
Humana Inc.
2.15%, 02/03/32 (Call 11/03/31)		4,936		3,912,892
3.13%, 08/15/29 (Call 05/15/29)(a)		3,341		3,024,247
3.70%, 03/23/29 (Call 02/23/29)		663		620,052
4.88%, 04/01/30 (Call 01/01/30)(a)		4,339		4,269,387
5.88%, 03/01/33 (Call 12/01/32)(a)		4,761		4,893,847
Laboratory Corp. of America Holdings
2.70%, 06/01/31 (Call 03/01/31)(a)		3,145		2,690,550
2.95%, 12/01/29 (Call 09/01/29)(a)		3,995		3,560,590

200 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
OhioHealth Corp., 2.30%, 11/15/31 (Call 05/15/31)(a)	$	1,660	$	1,367,883
Piedmont Healthcare Inc., 2.04%, 01/01/32 (Call 07/01/31)		1,380		1,113,537
Providence St Joseph Health Obligated Group
5.40%, 10/01/33 (Call 04/01/33)(a)		438		436,440
Series 19A, 2.53%, 10/01/29 (Call 07/01/29)(a)		3,622		3,150,789
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)		2,583		2,208,579
2.95%, 06/30/30 (Call 03/30/30)		5,382		4,744,715
4.20%, 06/30/29 (Call 03/30/29)(a)		3,025		2,907,829
6.40%, 11/30/33 (Call 08/30/33)(a)		4,545		4,855,092
Roche Holdings Inc.
2.08%, 12/13/31 (Call 09/13/31)(a)(b)		11,914		9,752,363
5.49%, 11/13/30 (Call 09/13/30)(a)(b)		7,923		8,161,273
5.59%, 11/13/33 (Call 08/13/33)(b)		8,350		8,728,184
Rush Obligated Group, Series 2020, 3.92%, 11/15/29 (Call 08/15/29)(a)		1,582		1,505,053
Stanford Health Care, Series 2020, 3.31%, 08/15/30 (Call 05/15/30)		720		650,503
Sutter Health
5.16%, 08/15/33 (Call 02/15/33)		150		151,027
Series 20A, 2.29%, 08/15/30 (Call 02/15/30)		3,385		2,889,624
UnitedHealth Group Inc.
2.00%, 05/15/30(a)		7,766		6,533,657
2.30%, 05/15/31 (Call 02/15/31)		9,070		7,604,391
2.88%, 08/15/29(a)		6,054		5,492,343
4.00%, 05/15/29 (Call 03/15/29)(a)		5,636		5,421,289
4.20%, 05/15/32 (Call 02/15/32)		8,905		8,391,769
4.50%, 04/15/33 (Call 01/15/33)(a)		8,844		8,487,113
5.30%, 02/15/30 (Call 12/15/29)		5,958		6,072,445
5.35%, 02/15/33 (Call 11/15/32)(a)		11,469		11,701,789
Universal Health Services Inc.
2.65%, 10/15/30 (Call 07/15/30)		4,714		3,935,606
2.65%, 01/15/32 (Call 10/15/31)(a)		3,032		2,464,821
UPMC, 5.04%, 05/15/33 (Call 02/15/33)		435		429,472
				305,493,223
Holding Companies - Diversified — 0.1%
Ares Capital Corp., 3.20%, 11/15/31 (Call 08/15/31)(a)		4,694		3,820,706
Blackstone Private Credit Fund, 6.25%, 01/25/31 (Call 11/25/30)(b)		1,350		1,338,214
Blue Owl Credit Income Corp., 6.65%, 03/15/31 (Call 01/15/31)(b)		1,785		1,727,744
CK Hutchison International 19 II Ltd., 2.75%, 09/06/29 (Call 06/06/29)(a)(b)		4,207		3,738,162
CK Hutchison International 19 Ltd., 3.63%, 04/11/29 (Call 01/11/29)(a)(b)		3,448		3,228,529
Golub Capital BDC Inc., 6.00%, 07/15/29 (Call 06/15/29)(a)		30		29,121
JAB Holdings BV, 2.20%, 11/23/30 (Call 08/23/30)(a)(b)		953		754,075
				14,636,551
Home Builders — 0.1%
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)(a)		2,194		1,853,515
3.85%, 01/15/30 (Call 07/15/29)(a)		1,647		1,518,323
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29)		5,679		5,001,797

Security	Par (000)		Value
Home Builders (continued)
PulteGroup Inc.
6.38%, 05/15/33	$	2,960	$	3,121,381
7.88%, 06/15/32(a)		2,525		2,918,999
Toll Brothers Finance Corp., 3.80%, 11/01/29 (Call 08/01/29)(a)		2,213		2,034,528
				16,448,543
Home Furnishings — 0.1%
Panasonic Holdings Corp., 3.11%, 07/19/29 (Call 04/19/29)(a)(b)		2,270		2,063,143
Whirlpool Corp.
2.40%, 05/15/31 (Call 02/15/31)		1,805		1,484,962
4.70%, 05/14/32 (Call 02/14/32)(a)		1,840		1,736,824
5.50%, 03/01/33 (Call 12/01/32)(a)		2,290		2,270,572
5.75%, 03/01/34 (Call 12/01/33)(a)		1,625		1,612,840
				9,168,341
Household Products & Wares — 0.3%
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)(a)		2,659		2,158,287
2.65%, 04/30/30 (Call 02/01/30)(a)		3,118		2,705,336
5.75%, 03/15/33 (Call 12/15/32)		2,310		2,397,333
Church & Dwight Co. Inc.
2.30%, 12/15/31 (Call 09/15/31)(a)		2,323		1,916,824
5.60%, 11/15/32 (Call 08/15/32)		3,066		3,180,579
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)(a)		3,352		2,768,138
4.40%, 05/01/29 (Call 03/01/29)(a)		2,525		2,461,611
4.60%, 05/01/32 (Call 02/01/32)(a)		4,090		3,968,221
Kimberly-Clark Corp.
2.00%, 11/02/31 (Call 08/02/31)(a)		3,567		2,937,967
3.10%, 03/26/30 (Call 12/26/29)(a)		4,587		4,177,366
3.20%, 04/25/29 (Call 01/25/29)(a)		3,862		3,588,526
4.50%, 02/16/33 (Call 11/16/32)(a)		2,200		2,151,299
Kimberly-Clark de Mexico SAB de CV, 2.43%,
07/01/31 (Call 04/01/31)(a)(b)		1,940		1,634,093
SC Johnson & Son Inc., 5.75%, 02/15/33(a)(b)		55		55,340
				36,100,920
Insurance — 4.5%
Accident Fund Insurance Co. of America, 8.50%, 08/01/32 (Call 05/01/32)(b)		80		79,100
Aflac Inc., 3.60%, 04/01/30 (Call 01/01/30)(a)		6,436		5,965,775
AIA Group Ltd.
3.38%, 04/07/30 (Call 01/07/30)(b)		6,377		5,828,536
3.60%, 04/09/29 (Call 01/09/29)(b)		5,469		5,132,021
4.95%, 04/04/33 (Call 01/04/33)(b)		3,913		3,904,451
AIG SunAmerica Global Financing X, 6.90%, 03/15/32(b)		5,115		5,563,176
Alleghany Corp., 3.63%, 05/15/30 (Call 02/15/30)		3,352		3,115,861
Allianz SE, 6.35%, 09/06/53 (Call 03/06/33), (5-year CMT + 3.232%)(b)(c)		2,125		2,216,324
Allstate Corp. (The)
1.45%, 12/15/30 (Call 09/15/30)		3,778		2,983,139
5.25%, 03/30/33 (Call 12/30/32)(a)		5,867		5,844,698
5.35%, 06/01/33(a)		120		120,200
American Financial Group Inc./OH, 5.25%, 04/02/30 (Call 01/02/30)(a)		1,468		1,450,414
American International Group Inc.
3.40%, 06/30/30 (Call 03/30/30)(a)		2,592		2,337,151
5.13%, 03/27/33 (Call 12/27/32)(a)		5,246		5,174,512

S C H E D U L E  O F  I N V E S T M E N T S 201

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
American National Group LLC, 6.14%, 06/13/32 (Call 03/13/32)(a)(b)	$	190	$	178,747
Americo Life Inc., 3.45%, 04/15/31 (Call 01/15/31)(a)(b)		2,454		1,903,213
AmFam Holdings Inc., 2.81%, 03/11/31 (Call 12/11/30)(a)(b)		3,258		2,463,324
Aon Corp.
2.80%, 05/15/30 (Call 02/15/30)		6,672		5,800,427
3.75%, 05/02/29 (Call 02/02/29)(a)		4,532		4,252,267
Aon Corp./Aon Global Holdings PLC
2.05%, 08/23/31 (Call 05/23/31)		2,823		2,266,617
2.60%, 12/02/31 (Call 09/02/31)		3,145		2,614,417
5.00%, 09/12/32 (Call 06/12/32)		3,522		3,440,135
5.35%, 02/28/33 (Call 11/28/32)(a)		4,713		4,700,658
Aon North America Inc.
5.30%, 03/01/31 (Call 01/01/31)		5,375		5,366,771
5.45%, 03/01/34 (Call 12/01/33)		5,375		5,378,403
Arthur J Gallagher & Co.
2.40%, 11/09/31 (Call 08/09/31)(a)		2,649		2,138,313
5.45%, 07/15/34 (Call 04/15/34)(a)		385		383,589
5.50%, 03/02/33 (Call 12/02/32)(a)		1,704		1,702,044
6.50%, 02/15/34 (Call 11/15/33)		1,040		1,111,241
Ascot Group Ltd., 4.25%, 12/15/30 (Call 12/15/25)(a)(b)		650		527,109
Assurant Inc.
2.65%, 01/15/32 (Call 10/15/31)(a)		2,250		1,827,117
3.70%, 02/22/30 (Call 11/22/29)		2,472		2,206,248
Assured Guaranty U.S. Holdings Inc., 3.15%, 06/15/31 (Call 03/15/31)(a)		3,572		3,123,246
Athene Global Funding
2.55%, 11/19/30(b)		4,428		3,625,883
2.65%, 10/04/31(a)(b)		2,900		2,337,647
2.67%, 06/07/31(b)		3,284		2,669,065
Athene Holding Ltd.
3.50%, 01/15/31 (Call 10/15/30)		3,249		2,823,955
5.88%, 01/15/34 (Call 10/15/33)(a)		3,965		3,933,422
6.15%, 04/03/30 (Call 01/03/30)(a)		3,474		3,574,439
6.65%, 02/01/33 (Call 11/01/32)(a)		2,658		2,781,759
AXA SA, 8.60%, 12/15/30		5,155		6,105,266
AXIS Specialty Finance LLC
3.90%, 07/15/29 (Call 04/15/29)(a)		2,216		2,083,895
4.90%, 01/15/40 (Call 01/15/30), (5-year CMT + 3.186%)(c)		2,089		1,827,300
Belrose Funding Trust, 2.33%, 08/15/30 (Call 05/15/30)(a)(b)		2,644		2,075,145
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30 (Call 07/15/30)		4,815		3,928,490
1.85%, 03/12/30 (Call 12/12/29)		3,131		2,663,339
2.88%, 03/15/32 (Call 12/15/31)(a)		6,608		5,775,597
Brighthouse Financial Inc., 5.63%, 05/15/30 (Call 02/15/30)(a)		3,408		3,391,554
Brown & Brown Inc.
2.38%, 03/15/31 (Call 12/15/30)(a)		4,928		4,034,604
4.20%, 03/17/32 (Call 12/17/31)(a)		3,890		3,531,410
4.50%, 03/15/29 (Call 12/15/28)(a)		1,822		1,763,375
Chubb INA Holdings Inc., 1.38%, 09/15/30 (Call 06/15/30)(a)		6,878		5,567,482
CNA Financial Corp.
2.05%, 08/15/30 (Call 05/15/30)(a)		3,225		2,663,897
3.90%, 05/01/29 (Call 02/01/29)		3,298		3,094,887
5.13%, 02/15/34 (Call 11/15/33)		1,345		1,300,480

Security	Par (000)		Value
Insurance (continued)
5.50%, 06/15/33 (Call 03/15/33)(a)	$	1,265	$	1,275,730
CNO Financial Group Inc., 5.25%, 05/30/29 (Call 02/28/29)(a)		3,300		3,204,434
Corebridge Financial Inc.
3.85%, 04/05/29 (Call 02/05/29)		5,783		5,362,871
3.90%, 04/05/32 (Call 01/05/32)		8,190		7,208,026
5.75%, 01/15/34 (Call 10/15/33)		4,295		4,282,105
6.05%, 09/15/33 (Call 06/15/33)(a)(b)		3,250		3,318,021
Doctors Co. An Interinsurance Exchange (The), 4.50%, 01/18/32 (Call 10/18/31)(b)		1,090		850,839
Empower Finance 2020 LP, 1.78%, 03/17/31 (Call 12/17/30)(b)		2,762		2,183,098
Enstar Group Ltd.
3.10%, 09/01/31 (Call 03/01/31)		3,333		2,715,705
4.95%, 06/01/29 (Call 03/01/29)(a)		3,309		3,218,728
Equitable Financial Life Global Funding, 1.75%, 11/15/30(b)		1,587		1,261,822
Equitable Holdings Inc., 5.59%, 01/11/33 (Call 10/11/32)(a)		3,260		3,285,987
Fairfax Financial Holdings Ltd.
3.38%, 03/03/31 (Call 12/03/30)(a)		3,610		3,129,513
4.63%, 04/29/30 (Call 01/29/30)		4,331		4,085,552
5.63%, 08/16/32 (Call 05/16/32)		4,641		4,564,432
6.00%, 12/07/33 (Call 09/07/33)(b)		3,115		3,129,411
Farmers Exchange Capital II, 6.15%, 11/01/53 (Call 11/01/33), (3-mo. LIBOR US + 3.744%)(b)(c)		320		294,029
Fidelity National Financial Inc.
2.45%, 03/15/31 (Call 12/15/30)		4,123		3,350,143
3.40%, 06/15/30 (Call 03/15/30)(a)		4,161		3,671,741
First American Financial Corp.
2.40%, 08/15/31 (Call 05/15/31)(a)		4,040		3,166,996
4.00%, 05/15/30 (Call 02/15/30)		2,782		2,471,141
Five Corners Funding Trust II, 2.85%, 05/15/30 (Call 02/15/30)(a)(b)		8,948		7,756,344
Five Corners Funding Trust III, 5.79%, 02/15/33 (Call 11/15/32)(a)(b)		4,705		4,831,405
GA Global Funding Trust, 2.90%, 01/06/32(a)(b)		3,270		2,637,077
Global Atlantic Fin Co.
3.13%, 06/15/31 (Call 03/15/31)(a)(b)		4,088		3,302,177
4.40%, 10/15/29 (Call 07/15/29)(a)(b)		3,468		3,170,637
7.95%, 06/15/33 (Call 03/15/33)(a)(b)		3,942		4,312,229
Globe Life Inc.
2.15%, 08/15/30 (Call 05/15/30)(a)		2,381		1,965,261
4.80%, 06/15/32 (Call 03/15/32)(a)		2,415		2,324,209
Hanover Insurance Group Inc. (The), 2.50%, 09/01/30 (Call 06/01/30)(a)		2,064		1,712,955
Hartford Financial Services Group Inc. (The), 2.80%, 08/19/29 (Call 05/19/29)(a)		3,847		3,438,249
Intact Financial Corp., 5.46%, 09/22/32 (Call 06/22/32)(b)		3,660		3,638,215
Jackson Financial Inc.
3.13%, 11/23/31 (Call 08/23/31)(a)		2,925		2,418,296
5.67%, 06/08/32 (Call 03/08/32)(a)		1,990		1,983,271
Jackson National Life Global Funding, 3.05%, 06/21/29(b)		2,011		1,715,019
Kemper Corp.
2.40%, 09/30/30 (Call 06/30/30)(a)		2,633		2,064,464
3.80%, 02/23/32 (Call 11/23/31)		2,545		2,133,980
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)(a)		2,944		2,574,846

202 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
3.40%, 01/15/31 (Call 10/15/30)(a)	$	2,903	$	2,540,372
3.40%, 03/01/32 (Call 12/01/31)(a)		1,045		886,618
Loews Corp., 3.20%, 05/15/30 (Call 02/15/30)		3,272		2,954,532
Manulife Financial Corp., 3.70%, 03/16/32 (Call 12/16/31)(a)		4,900		4,463,130
Markel Group Inc., 3.35%, 09/17/29 (Call 06/17/29)(a)		2,574		2,318,495
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)(a)		5,048		4,261,725
2.38%, 12/15/31 (Call 09/15/31)(a)		2,729		2,267,284
4.38%, 03/15/29 (Call 12/15/28)(a)		8,282		8,091,181
5.15%, 03/15/34 (Call 12/15/33)		1,875		1,868,231
5.40%, 09/15/33 (Call 06/15/33)(a)		3,720		3,784,320
5.75%, 11/01/32 (Call 08/01/32)		3,425		3,559,356
5.88%, 08/01/33		725		763,224
MassMutual Global Funding II
1.55%, 10/09/30(b)		3,416		2,721,064
2.15%, 03/09/31(a)(b)		3,135		2,572,881
MetLife Inc.
4.55%, 03/23/30 (Call 12/23/29)(a)		6,274		6,145,065
5.38%, 07/15/33 (Call 04/15/33)(a)		6,525		6,551,879
6.50%, 12/15/32(a)		2,034		2,226,213
Metropolitan Life Global Funding I
1.55%, 01/07/31(a)(b)		4,538		3,559,906
2.40%, 01/11/32(a)(b)		4,435		3,610,634
2.95%, 04/09/30(a)(b)		5,713		5,022,531
3.05%, 06/17/29(a)(b)		2,993		2,688,374
4.30%, 08/25/29(b)		3,268		3,126,343
5.05%, 01/08/34(a)(b)		2,805		2,745,472
5.15%, 03/28/33(b)		6,513		6,442,227
Mitsui Sumitomo Insurance Co. Ltd., 4.95%, (Call 03/06/29), (5-year USD Swap + 3.256%)(a)(b)(c)(d)		4,200		4,044,898
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, 5.88%, 05/23/42 (Call 11/23/31), (5-year CMT + 3.982%)(b)(c)		8,320		8,386,560
Nationwide Mutual Insurance Co.
7.88%, 04/01/33(a)(b)		160		176,287
8.25%, 12/01/31(a)(b)		1,830		2,040,805
New York Life Global Funding
1.20%, 08/07/30(a)(b)		3,502		2,755,462
1.85%, 08/01/31(a)(b)		3,500		2,789,525
4.55%, 01/28/33(b)		5,800		5,522,845
5.00%, 01/09/34(a)(b)		5,300		5,204,985
New York Life Insurance Co., 5.88%, 05/15/33(b)		6,160		6,368,921
Nippon Life Insurance Co.
2.75%, 01/21/51 (Call 01/21/31), (5-year CMT + 2.653%)(b)(c)		8,443		6,967,913
2.90%, 09/16/51 (Call 09/16/31), (5-year CMT + 2.600%)(a)(b)(c)		5,230		4,301,835
3.40%, 01/23/50 (Call 01/23/30), (5-year CMT + 2.612%)(a)(b)(c)		5,698		5,002,768
6.25%, 09/13/53 (Call 09/13/33), (5-year CMT + 2.954%)(b)(c)		2,915		3,020,603
Pacific Life Global Funding II, 2.45%, 01/11/32(a)(b)		2,295		1,836,042
Pacific LifeCorp., 6.60%, 09/15/33(a)(b)		350		376,808
PartnerRe Finance B LLC
3.70%, 07/02/29 (Call 04/02/29)(a)		3,515		3,299,969

Security	Par (000)		Value
Insurance (continued)
4.50%, 10/01/50 (Call 04/01/30), (5-year CMT + 3.815%)(c)	$	2,950	$	2,630,102
Primerica Inc., 2.80%, 11/19/31 (Call 08/19/31)		4,193		3,481,115
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/15/30)		3,646		3,032,603
3.70%, 05/15/29 (Call 02/15/29)(a)		3,462		3,229,563
5.38%, 03/15/33 (Call 12/15/32)		2,615		2,634,255
Principal Life Global Funding II
1.50%, 08/27/30(a)(b)		2,400		1,896,130
1.63%, 11/19/30(a)(b)		1,740		1,360,287
2.50%, 09/16/29(a)(b)		2,515		2,168,592
Progressive Corp. (The)
3.00%, 03/15/32 (Call 12/15/31)		3,480		3,013,158
3.20%, 03/26/30 (Call 12/26/29)(a)		3,740		3,378,415
4.00%, 03/01/29 (Call 12/01/28)		2,985		2,872,065
4.95%, 06/15/33 (Call 03/15/33)(a)		3,973		3,945,121
6.25%, 12/01/32		1,340		1,450,725
6.63%, 03/01/29		1,255		1,348,253
Protective Life Corp., 3.40%, 01/15/30 (Call 10/15/29)(a)(b)		2,784		2,446,001
Protective Life Global Funding, 1.74%, 09/21/30(a)(b)		3,137		2,510,833
Prudential Financial Inc.
2.10%, 03/10/30 (Call 12/10/29)(a)		3,320		2,841,123
3.70%, 10/01/50 (Call 07/01/30), (5-year CMT + 3.035%)(a)(c)		4,774		4,169,863
5.13%, 03/01/52 (Call 11/28/31), (5-year CMT + 3.162%)(c)		5,755		5,379,991
5.75%, 07/15/33(a)		1,750		1,835,274
6.00%, 09/01/52 (Call 06/01/32), (5-year CMT + 3.234%)(a)(c)		6,703		6,684,870
6.75%, 03/01/53 (Call 12/01/32), (5-year CMT + 2.848%)(a)(c)		2,835		2,947,212
Prudential Funding Asia PLC
3.13%, 04/14/30(a)		6,356		5,664,940
3.63%, 03/24/32 (Call 12/24/31)(a)		2,592		2,315,630
Reinsurance Group of America Inc.
3.15%, 06/15/30 (Call 03/15/30)		3,884		3,427,135
3.90%, 05/15/29 (Call 02/15/29)		3,710		3,500,803
6.00%, 09/15/33 (Call 06/15/33)		3,000		3,080,511
RenaissanceRe Holdings Ltd.
3.60%, 04/15/29 (Call 01/15/29)		273		251,632
5.75%, 06/05/33 (Call 03/05/33)(a)		5,351		5,394,308
RGA Global Funding, 5.50%, 01/11/31(b)		1,785		1,761,091
Sammons Financial Group Inc.
3.35%, 04/16/31 (Call 01/16/31)(a)(b)		4,927		3,981,386
4.75%, 04/08/32 (Call 01/08/32)(a)(b)		2,185		1,896,259
SBL Holdings Inc., 5.00%, 02/18/31 (Call 11/18/30)(a)(b)		3,630		2,997,235
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31)(a)		2,670		2,068,746
Sumitomo Life Insurance Co.
3.38%, 04/15/81 (Call 04/15/31), (5-year CMT + 2.747%)(b)(c)		4,575		3,909,634
5.88%, (Call 01/18/34), (5-year CMT + 2.841%)(b)(c)(d)		2,850		2,815,429
Swiss Re Finance Luxembourg SA, 5.00%, 04/02/49 (Call 04/02/29), (5-year CMT + 3.582%)(a)(b)(c)		5,130		4,973,309
Travelers Property Casualty Corp., 6.38%, 03/15/33(a)		1,588		1,761,938

S C H E D U L E  O F  I N V E S T M E N T S 203

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Trustage Financial Group Inc., 4.63%, 04/15/32 (Call 01/15/32)(a)(b)	$	1,325	$	1,141,759
Unum Group, 4.00%, 06/15/29 (Call 03/15/29)		1,921		1,796,462
Western & Southern Financial Group Inc., 5.75%, 07/15/33(b)		80		82,943
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)		4,894		4,354,017
5.35%, 05/15/33 (Call 02/15/33)		5,005		4,920,309
				565,279,403
Internet — 1.8%
Alibaba Group Holding Ltd., 2.13%, 02/09/31 (Call 11/09/30)		8,805		7,281,949
Alphabet Inc., 1.10%, 08/15/30 (Call 05/15/30)(a)		12,236		9,907,771
Amazon.com Inc.
1.50%, 06/03/30 (Call 03/03/30)(a)		11,581		9,577,722
2.10%, 05/12/31 (Call 02/12/31)		16,957		14,246,474
3.45%, 04/13/29 (Call 02/13/29)(a)		5,130		4,861,493
3.60%, 04/13/32 (Call 01/13/32)(a)		14,029		12,937,189
4.65%, 12/01/29 (Call 10/01/29)		8,998		9,002,521
4.70%, 12/01/32 (Call 09/01/32)		12,963		12,896,340
Baidu Inc.
2.38%, 10/09/30 (Call 07/09/30)		1,250		1,050,034
2.38%, 08/23/31 (Call 05/23/31)		2,560		2,106,534
3.43%, 04/07/30 (Call 01/07/30)(a)		2,295		2,075,916
Booking Holdings Inc., 4.63%, 04/13/30 (Call 01/13/30)(a)		9,048		8,888,911
eBay Inc.
2.60%, 05/10/31 (Call 02/10/31)(a)		4,527		3,839,036
2.70%, 03/11/30 (Call 12/11/29)(a)		5,948		5,196,071
6.30%, 11/22/32 (Call 08/22/32)(a)		2,565		2,721,606
Expedia Group Inc.
2.95%, 03/15/31 (Call 12/15/30)(a)		3,246		2,779,611
3.25%, 02/15/30 (Call 11/15/29)(a)		7,747		6,901,576
JD.com Inc., 3.38%, 01/14/30 (Call 10/14/29)(a)		3,427		3,097,642
Meituan, 3.05%, 10/28/30 (Call 07/28/30)(a)(b)		6,120		5,177,113
Meta Platforms Inc.
3.85%, 08/15/32 (Call 05/15/32)(a)		16,983		15,731,089
4.80%, 05/15/30 (Call 03/15/30)		7,098		7,095,548
4.95%, 05/15/33 (Call 02/15/33)(a)		10,227		10,236,034
Netflix Inc.
4.88%, 06/15/30 (Call 03/15/30)(a)(b)		5,716		5,670,798
5.38%, 11/15/29(b)		6,465		6,564,985
6.38%, 05/15/29(a)		4,760		5,053,658
Prosus NV
3.06%, 07/13/31 (Call 04/13/31)(b)		9,320		7,523,537
3.68%, 01/21/30 (Call 10/21/29)(a)(b)		5,912		5,117,903
4.19%, 01/19/32 (Call 10/19/31)(b)		5,075		4,348,086
Tencent Holdings Ltd.
2.39%, 06/03/30 (Call 03/03/30)(a)(b)		10,860		9,284,907
2.88%, 04/22/31 (Call 01/22/31)(a)(b)		3,145		2,726,489
3.98%, 04/11/29 (Call 01/11/29)(a)(b)		13,143		12,457,135
Tencent Music Entertainment Group, 2.00%, 09/03/30 (Call 06/03/30)(a)		3,403		2,771,915
VeriSign Inc., 2.70%, 06/15/31 (Call 03/15/31)(a)		4,905		4,077,871
Weibo Corp., 3.38%, 07/08/30 (Call 04/08/30)(a)		5,513		4,727,894
				227,933,358

Security	Par (000)		Value
Iron & Steel — 0.4%
ArcelorMittal SA
4.25%, 07/16/29(a)	$	3,223	$	3,055,144
6.80%, 11/29/32 (Call 08/29/32)(a)		6,063		6,409,446
GUSAP III LP, 4.25%, 01/21/30 (Call 07/21/29)(a)(b)		2,920		2,728,990
Nucor Corp.
2.70%, 06/01/30 (Call 03/01/30)(a)		3,363		2,966,536
3.13%, 04/01/32 (Call 01/01/32)(a)		3,597		3,145,450
POSCO, 5.88%, 01/17/33(b)		25		25,752
Reliance Inc., 2.15%, 08/15/30 (Call 05/15/30)		3,547		2,943,001
Steel Dynamics Inc.
3.25%, 01/15/31 (Call 10/15/30)(a)		3,121		2,766,696
3.45%, 04/15/30 (Call 01/15/30)		3,655		3,322,467
Vale Overseas Ltd.
3.75%, 07/08/30 (Call 04/08/30)(a)		8,182		7,361,407
6.13%, 06/12/33 (Call 03/12/33)(a)		8,325		8,426,149
8.25%, 01/17/34(a)		2,050		2,402,180
				45,553,218
Leisure Time — 0.0%
Brunswick Corp.
2.40%, 08/18/31 (Call 05/18/31)		3,290		2,590,225
4.40%, 09/15/32 (Call 06/15/32)(a)		2,865		2,553,470
Polaris Inc., 6.95%, 03/15/29 (Call 02/15/29)(a)		50		52,691
				5,196,386
Lodging — 0.3%
Choice Hotels International Inc.
3.70%, 12/01/29 (Call 09/01/29)(a)		2,390		2,093,886
3.70%, 01/15/31 (Call 10/15/30)(a)		2,662		2,286,825
Hyatt Hotels Corp., 5.75%, 04/23/30 (Call 01/23/30)		2,682		2,733,052
Marriott International Inc./MD
5.30%, 05/15/34 (Call 02/15/34)		1,240		1,220,281
Series FF, 4.63%, 06/15/30 (Call 03/15/30)(a).		6,370		6,169,658
Series GG, 3.50%, 10/15/32 (Call 07/15/32)(a)		6,105		5,331,238
Series HH, 2.85%, 04/15/31 (Call 01/15/31)		6,618		5,650,212
Series II, 2.75%, 10/15/33 (Call 07/15/33)(a)		4,481		3,608,733
Sands China Ltd.
3.10%, 03/08/29 (Call 01/08/29)		2,500		2,157,487
3.25%, 08/08/31 (Call 05/08/31)(a)		3,870		3,224,035
4.63%, 06/18/30 (Call 03/18/30)		3,749		3,422,902
				37,898,309
Machinery — 0.6%
Caterpillar Inc.
1.90%, 03/12/31 (Call 12/12/30)(a)		3,008		2,525,356
2.60%, 09/19/29 (Call 06/19/29)(a)		2,820		2,540,283
2.60%, 04/09/30 (Call 01/09/30)		5,024		4,467,377
Deere & Co.
3.10%, 04/15/30 (Call 01/15/30)(a)		4,212		3,827,430
5.38%, 10/16/29		3,398		3,509,703
7.13%, 03/03/31(a)		350		399,093
8.10%, 05/15/30(a)		770		901,903
Dover Corp., 2.95%, 11/04/29 (Call 08/04/29)		1,780		1,584,053
Flowserve Corp.
2.80%, 01/15/32 (Call 10/15/31)		2,859		2,338,984
3.50%, 10/01/30 (Call 07/01/30)(a)		3,174		2,790,299
IDEX Corp.
2.63%, 06/15/31 (Call 03/15/31)		3,188		2,687,698
3.00%, 05/01/30 (Call 02/01/30)		3,256		2,841,941

204 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
John Deere Capital Corp.
1.45%, 01/15/31(a)	$	3,708	$	2,995,766
2.00%, 06/17/31		3,515		2,911,320
2.45%, 01/09/30		3,334		2,926,599
2.80%, 07/18/29		3,428		3,118,748
3.35%, 04/18/29(a)		3,191		2,997,773
3.45%, 03/07/29		212		200,223
3.90%, 06/07/32(a)		2,976		2,772,131
4.35%, 09/15/32(a)		3,080		2,983,759
4.70%, 06/10/30(a)		5,725		5,679,368
4.85%, 10/11/29(a)		2,452		2,466,779
nVent Finance Sarl
2.75%, 11/15/31 (Call 08/15/31)		1,760		1,437,924
5.65%, 05/15/33 (Call 02/15/33)		1,816		1,816,010
Oshkosh Corp., 3.10%, 03/01/30 (Call 12/01/29)		1,860		1,644,649
Otis Worldwide Corp., 2.57%, 02/15/30 (Call 11/15/29)		8,823		7,694,408
Rockwell Automation Inc.
1.75%, 08/15/31 (Call 05/15/31)(a)		2,621		2,105,959
3.50%, 03/01/29 (Call 12/01/28)(a)		1,171		1,115,000
Xylem Inc./NY, 2.25%, 01/30/31 (Call 10/30/30)(a)		4,423		3,714,942
				78,995,478
Machinery - Diversified — 0.1%
Ingersoll Rand Inc., 5.70%, 08/14/33 (Call 05/14/33)		4,425		4,500,272
John Deere Capital Corp., 5.15%, 09/08/33(a)		2,690		2,736,133
Nordson Corp., 5.80%, 09/15/33 (Call 06/15/33)(a)		1,945		2,007,603
Westinghouse Air Brake Technologies Corp., 5.61%, 03/11/34 (Call 12/11/33)		545		547,264
				9,791,272
Manufacturing — 0.6%
3M Co.
2.38%, 08/26/29 (Call 05/26/29)(a)		6,127		5,320,253
3.05%, 04/15/30 (Call 01/15/30)(a)		4,056		3,593,440
3.38%, 03/01/29 (Call 12/01/28)(a)		3,700		3,415,726
Carlisle Companies Inc.
2.20%, 03/01/32 (Call 12/01/31)		3,225		2,553,141
2.75%, 03/01/30 (Call 12/01/29)(a)		4,817		4,186,359
Eaton Corp.
4.00%, 11/02/32(a)		3,430		3,221,001
4.15%, 03/15/33 (Call 12/15/32)(a)		7,500		7,058,527
GE Capital Funding LLC, 4.55%, 05/15/32 (Call 02/15/32)		4,020		3,862,674
General Electric Co., 6.75%, 03/15/32(a)		5,955		6,612,412
Parker-Hannifin Corp.
3.25%, 06/14/29 (Call 03/14/29)		5,604		5,153,017
4.50%, 09/15/29 (Call 07/15/29)(a)		5,605		5,482,122
Pentair Finance Sarl
4.50%, 07/01/29 (Call 04/01/29)(a)		2,263		2,180,507
5.90%, 07/15/32 (Call 04/15/32)(a)		2,155		2,210,681
Siemens Financieringsmaatschappij NV, 2.15%, 03/11/31(a)(b)		10,102		8,410,040
Teledyne Technologies Inc., 2.75%, 04/01/31 (Call 01/01/31)		5,965		5,063,373
Textron Inc.
2.45%, 03/15/31 (Call 12/15/30)(a)		3,193		2,666,351
3.00%, 06/01/30 (Call 03/01/30)		3,973		3,484,940

Security	Par (000)		Value
Manufacturing (continued)
3.90%, 09/17/29 (Call 06/17/29)(a)	$	1,991	$	1,864,580
6.10%, 11/15/33 (Call 08/15/33)(a)		2,615		2,729,354
				79,068,498
Media — 1.5%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.30%, 02/01/32 (Call 11/01/31)(a)		5,771		4,384,438
2.80%, 04/01/31 (Call 01/01/31)		8,857		7,157,520
4.40%, 04/01/33 (Call 01/01/33)(a)		5,733		5,011,986
5.05%, 03/30/29 (Call 12/30/28)		6,587		6,302,225
6.65%, 02/01/34 (Call 11/01/33)(a)		7,965		7,992,348
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)(a)		9,890		7,888,532
1.95%, 01/15/31 (Call 10/15/30)		7,818		6,422,876
2.65%, 02/01/30 (Call 11/01/29)(a)		9,281		8,160,429
3.40%, 04/01/30 (Call 01/01/30)(a)		9,103		8,329,805
4.25%, 10/15/30 (Call 07/15/30)		8,716		8,338,677
4.25%, 01/15/33		9,589		8,979,045
4.65%, 02/15/33 (Call 11/15/32)(a)		6,130		5,954,492
4.80%, 05/15/33 (Call 02/15/33)(a)		5,668		5,538,326
5.50%, 11/15/32 (Call 08/15/32)(a)		5,757		5,903,773
7.05%, 03/15/33		5,713		6,417,312
Cox Communications Inc.
1.80%, 10/01/30 (Call 07/01/30)(b)		3,412		2,716,292
2.60%, 06/15/31 (Call 03/15/31)(a)(b)		3,437		2,812,203
5.70%, 06/15/33 (Call 03/15/33)(b)		2,666		2,669,293
Discovery Communications LLC
3.63%, 05/15/30 (Call 02/15/30)(a)		6,736		5,920,700
4.13%, 05/15/29 (Call 02/15/29)		4,179		3,871,156
FactSet Research Systems Inc., 3.45%, 03/01/32 (Call 12/01/31)		3,553		3,089,228
Fox Corp.
3.50%, 04/08/30 (Call 01/08/30)(a)		4,198		3,780,962
6.50%, 10/13/33 (Call 07/13/33)		6,067		6,372,116
Grupo Televisa SAB, 8.50%, 03/11/32(a)		1,360		1,560,639
Paramount Global
4.20%, 06/01/29 (Call 03/01/29)		1,565		1,377,592
4.20%, 05/19/32 (Call 02/19/32)		5,600		4,565,695
4.95%, 01/15/31 (Call 10/15/30)(a)		6,028		5,293,252
5.50%, 05/15/33		510		443,269
7.88%, 07/30/30(a)		5,660		5,779,778
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33(a)		3,915		4,344,822
TWDC Enterprises 18 Corp., Series B, 7.00%, 03/01/32		2,379		2,688,522
Walt Disney Co. (The)
2.00%, 09/01/29 (Call 06/01/29)		10,972		9,465,426
2.65%, 01/13/31(a)		14,854		12,919,356
3.80%, 03/22/30(a)		7,195		6,794,043
6.55%, 03/15/33(a)		1,660		1,846,816
				191,092,944
Metal Fabricate & Hardware — 0.0%
Timken Co. (The), 4.13%, 04/01/32 (Call 01/01/32)(a)		1,930		1,757,253
Mining — 1.4%
Alcoa Nederland Holding BV, 4.13%, 03/31/29 (Call 03/31/24)(a)(b)		2,575		2,357,831
Anglo American Capital PLC
2.63%, 09/10/30 (Call 06/10/30)(a)(b)		5,954		5,012,664

S C H E D U L E  O F  I N V E S T M E N T S 205

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mining (continued)
2.88%, 03/17/31 (Call 12/17/30)(a)(b)	$	3,684	$	3,094,080
3.88%, 03/16/29 (Call 01/16/29)(a)(b)		2,629		2,442,353
5.50%, 05/02/33 (Call 02/02/33)(a)(b)		5,190		5,108,980
5.63%, 04/01/30 (Call 01/01/30)(b)		4,570		4,585,587
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30 (Call 07/01/30)		4,335		3,760,137
Antofagasta PLC
2.38%, 10/14/30 (Call 07/14/30)(a)(b)		2,510		2,068,596
5.63%, 05/13/32 (Call 02/13/32)(b)		595		591,022
BHP Billiton Finance USA Ltd.
4.90%, 02/28/33 (Call 11/28/32)		4,370		4,311,798
5.25%, 09/08/30 (Call 07/08/30)(a)		6,130		6,178,518
5.25%, 09/08/33 (Call 06/08/33)		8,115		8,151,105
Corp. Nacional del Cobre de Chile
3.00%, 09/30/29 (Call 06/30/29)(b)		6,775		5,923,504
3.15%, 01/14/30 (Call 10/14/29)(b)		6,043		5,260,843
3.75%, 01/15/31 (Call 10/15/30)(b)		4,955		4,357,914
5.13%, 02/02/33 (Call 11/02/32)(a)(b)		6,060		5,674,392
5.95%, 01/08/34 (Call 10/08/33)(b)		3,975		3,922,630
Freeport Indonesia PT, 5.32%, 04/14/32 (Call 01/01/32)(a)(b)		8,535		8,267,276
Freeport-McMoRan Inc.
4.25%, 03/01/30 (Call 03/01/25)		2,923		2,731,069
4.63%, 08/01/30 (Call 08/01/25)(a)		4,060		3,869,117
5.25%, 09/01/29 (Call 09/01/24)(a)		2,971		2,955,085
Glencore Funding LLC
2.50%, 09/01/30 (Call 06/01/30)(a)(b)		5,955		5,040,732
2.63%, 09/23/31 (Call 06/23/31)(a)(b)		4,260		3,534,359
2.85%, 04/27/31 (Call 01/27/31)(a)(b)		3,637		3,099,123
4.88%, 03/12/29 (Call 12/12/28)(a)(b)		2,680		2,642,947
5.70%, 05/08/33 (Call 02/08/33)(b)		3,118		3,153,970
6.38%, 10/06/30 (Call 08/06/30)(b)		3,260		3,425,408
6.50%, 10/06/33 (Call 07/06/33)(a)(b)		5,820		6,209,267
Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/29 (Call 02/15/29)(a)(b)		1,065		1,078,274
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT, 5.45%, 05/15/30 (Call 02/15/30)(a)(b)		6,396		6,250,619
Industrias Penoles SAB de CV, 4.15%, 09/12/29 (Call 06/12/29)(a)(b)		3,465		3,202,920
Kinross Gold Corp., 6.25%, 07/15/33 (Call 04/15/33)(a)(b)		5,341		5,451,314
Newcastle Coal Infrastructure Group Pty. Ltd., 4.70%, 05/12/31 (Call 02/12/31)(a)(b)		2,676		2,397,874
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)(a)		6,232		5,211,490
2.60%, 07/15/32 (Call 04/15/32)(a)		6,441		5,300,997
2.80%, 10/01/29 (Call 07/01/29)(a)		4,550		4,041,791
Newmont Corp./Newcrest Finance Pty Ltd., 3.25%, 05/13/30 (Call 02/13/30)(a)(b)		3,435		3,072,206
Northern Star Resources Ltd., 6.13%, 04/11/33 (Call 01/11/33)(a)(b)		3,785		3,783,989
Rio Tinto Alcan Inc.
6.13%, 12/15/33(a)		1,920		2,041,587
7.25%, 03/15/31		4,182		4,672,242
Rio Tinto Finance USA PLC, 5.00%, 03/09/33 (Call 12/09/32)(a)		3,705		3,701,180
South32 Treasury Ltd., 4.35%, 04/14/32 (Call 01/14/32)(a)(b)		4,322		3,868,093
Vale Canada Ltd., 7.20%, 09/15/32(a)		594		640,035

Security	Par (000)		Value
Mining (continued)
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31)	$	3,428	$	2,832,434
				175,277,352
Office & Business Equipment — 0.0%
CDW LLC/CDW Finance Corp., 3.57%, 12/01/31 (Call 09/01/31)		5,201		4,514,000
Oil & Gas — 4.3%
Aker BP ASA
3.10%, 07/15/31 (Call 04/15/31)(b)		5,874		4,961,253
3.75%, 01/15/30 (Call 10/15/29)(b)		6,340		5,745,780
4.00%, 01/15/31 (Call 10/15/30)(a)(b)		4,880		4,408,934
6.00%, 06/13/33 (Call 03/13/33)(b)		3,655		3,716,495
Apache Corp., 4.25%, 01/15/30 (Call 10/15/29)(a)		1,289		1,183,703
BP Capital Markets America Inc.
1.75%, 08/10/30 (Call 05/10/30)		6,492		5,349,560
2.72%, 01/12/32 (Call 10/12/31)(a)		11,150		9,461,074
3.63%, 04/06/30 (Call 01/06/30)		8,344		7,781,746
4.70%, 04/10/29 (Call 03/10/29)(a)		3,825		3,778,782
4.81%, 02/13/33 (Call 11/13/32)(a)		13,085		12,765,541
4.89%, 09/11/33 (Call 06/11/33)(a)		8,368		8,206,768
4.99%, 04/10/34 (Call 01/10/34)		3,825		3,762,894
BP Capital Markets PLC, 4.88%, (Call 03/22/30), (5-year CMT + 4.398%)(a)(c)(d)		11,421		10,778,557
Burlington Resources LLC
7.20%, 08/15/31(a)		3,923		4,419,256
7.40%, 12/01/31		379		433,647
Canadian Natural Resources Ltd.
2.95%, 07/15/30 (Call 04/15/30)(a)		3,083		2,678,338
6.45%, 06/30/33		385		406,396
7.20%, 01/15/32(a)		2,239		2,438,408
Cenovus Energy Inc., 2.65%, 01/15/32 (Call 10/15/31)(a)		2,875		2,350,395
Chevron Corp., 2.24%, 05/11/30 (Call 02/11/30)(a)		8,856		7,660,256
Chevron USA Inc., 3.25%, 10/15/29 (Call 07/15/29)(a)		3,245		3,022,897
CNOOC Finance 2003 Ltd., 5.50%, 05/21/33(b)		100		102,330
CNOOC Finance 2013 Ltd., 2.88%, 09/30/29 (Call 06/30/29)(a)		3,420		3,097,391
CNOOC Petroleum North America ULC, 7.88%, 03/15/32(a)		3,100		3,668,013
Conoco Funding Co., 7.25%, 10/15/31		3,695		4,189,728
ConocoPhillips Co.
5.05%, 09/15/33 (Call 06/15/33)(a)		5,430		5,413,177
5.90%, 10/15/32(a)		2,115		2,260,840
6.95%, 04/15/29(a)		7,848		8,600,795
Continental Resources Inc./OK
2.88%, 04/01/32 (Call 01/01/32)(a)(b)		4,690		3,765,650
5.75%, 01/15/31 (Call 07/15/30)(a)(b)		8,953		8,776,492
Coterra Energy Inc.
4.38%, 03/15/29 (Call 12/15/28)(a)		1,855		1,787,236
5.60%, 03/15/34 (Call 12/15/33)		2,700		2,697,143
Devon Energy Corp.
4.50%, 01/15/30 (Call 01/15/25)(a)		3,560		3,397,507
7.88%, 09/30/31(a)		3,030		3,441,950
7.95%, 04/15/32		2,841		3,240,609
Diamondback Energy Inc.
3.13%, 03/24/31 (Call 12/24/30)(a)		4,888		4,285,485

206 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
3.50%, 12/01/29 (Call 09/01/29)(a)	$	6,274	$	5,759,690
6.25%, 03/15/33 (Call 12/15/32)(a)		6,858		7,209,928
Empresa Nacional del Petroleo
3.45%, 09/16/31 (Call 06/16/31)(b)		3,255		2,731,463
5.25%, 11/06/29 (Call 08/06/29)(b)		2,910		2,811,092
6.15%, 05/10/33 (Call 02/10/33)(a)(b)		4,110		4,092,865
Eni SpA, 4.25%, 05/09/29 (Call 02/09/29)(a)(b)		5,360		5,172,052
EOG Resources Inc., 4.38%, 04/15/30 (Call 01/15/30)(a)		4,710		4,571,417
EQT Corp.
3.63%, 05/15/31 (Call 05/15/30)(a)(b)		3,243		2,834,712
5.75%, 02/01/34 (Call 11/01/33)(a)		2,805		2,759,029
7.00%, 02/01/30 (Call 11/01/29)(a)		4,861		5,147,016
Equinor ASA
2.38%, 05/22/30 (Call 02/22/30)		3,371		2,927,385
3.13%, 04/06/30 (Call 01/06/30)(a)		8,943		8,156,905
Exxon Mobil Corp.
2.44%, 08/16/29 (Call 05/16/29)(a)		7,397		6,606,993
2.61%, 10/15/30 (Call 07/15/30)		11,615		10,188,542
3.48%, 03/19/30 (Call 12/19/29)		11,590		10,822,231
Helmerich & Payne Inc., 2.90%, 09/29/31 (Call 06/29/31)(a)		3,755		3,123,130
Hess Corp.
7.13%, 03/15/33(a)		3,360		3,768,134
7.30%, 08/15/31(a)		5,249		5,904,608
7.88%, 10/01/29		4,693		5,258,384
HF Sinclair Corp., 4.50%, 10/01/30 (Call 07/01/30)(a)		2,069		1,935,771
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 8.55%, 09/18/33 (Call 06/18/33)(b)		135		142,787
KazMunayGas National Co. JSC
3.50%, 04/14/33 (Call 10/14/32)(a)(b)		3,475		2,819,094
5.38%, 04/24/30(a)(b)		5,180		5,017,474
Marathon Oil Corp., 6.80%, 03/15/32(a)		4,719		5,038,105
Occidental Petroleum Corp.
3.50%, 08/15/29 (Call 05/15/29)(a)		1,320		1,199,530
6.13%, 01/01/31 (Call 07/01/30)(a)		6,010		6,164,697
6.63%, 09/01/30 (Call 03/01/30)(a)		8,497		8,942,243
7.50%, 05/01/31(a)		5,310		5,864,061
7.88%, 09/15/31		3,098		3,486,123
8.88%, 07/15/30 (Call 01/15/30)		4,798		5,533,731
Ovintiv Inc.
6.25%, 07/15/33 (Call 04/15/33)(a)		3,145		3,233,663
7.20%, 11/01/31		2,890		3,120,745
7.38%, 11/01/31(a)		3,655		3,983,267
8.13%, 09/15/30		2,490		2,790,146
Patterson-UTI Energy Inc.
5.15%, 11/15/29 (Call 08/15/29)(a)		365		352,269
7.15%, 10/01/33 (Call 07/01/33)(a)		2,290		2,426,267
Pertamina Persero PT
2.30%, 02/09/31 (Call 11/09/30)(a)(b)		5,135		4,216,438
3.10%, 01/21/30 (Call 10/21/29)(b)		2,935		2,600,851
3.10%, 08/27/30 (Call 05/25/30)(a)(b)		4,840		4,249,276
3.65%, 07/30/29(a)(b)		4,270		3,947,546
Petronas Capital Ltd.
2.48%, 01/28/32 (Call 10/28/31)(b)		7,815		6,470,117
3.50%, 04/21/30 (Call 01/21/30)(b)		13,739		12,548,341
Phillips 66, 2.15%, 12/15/30 (Call 09/15/30)(a)		5,224		4,338,760
Phillips 66 Co.
3.15%, 12/15/29 (Call 09/15/29)		3,509		3,171,896
5.25%, 06/15/31 (Call 04/15/31)		2,675		2,666,966

Security	Par (000)		Value
Oil & Gas (continued)
5.30%, 06/30/33 (Call 03/30/33)	$	5,913	$	5,863,994
Pioneer Natural Resources Co.
1.90%, 08/15/30 (Call 05/15/30)(a)		6,344		5,284,468
2.15%, 01/15/31 (Call 10/15/30)(a)		5,309		4,441,513
PTTEP Treasury Center Co. Ltd., 2.99%, 01/15/30 (Call 07/15/29)(a)(b)		2,310		2,046,661
Qatar Energy, 2.25%, 07/12/31 (Call 04/12/31)(a)(b)		19,560		16,241,763
Reliance Industries Ltd., 2.88%, 01/12/32(a)(b)		8,465		7,162,361
SA Global Sukuk Ltd., 2.69%, 06/17/31 (Call 03/17/31)(a)(b)		17,750		15,143,058
Santos Finance Ltd.
3.65%, 04/29/31 (Call 01/29/31)(a)(b)		5,989		5,172,783
6.88%, 09/19/33 (Call 06/19/33)(a)(b)		4,710		4,904,684
Saudi Arabian Oil Co.
2.25%, 11/24/30 (Call 08/24/30)(a)(b)		12,055		10,079,547
3.50%, 04/16/29(b)		15,775		14,625,539
Shell International Finance BV
2.38%, 11/07/29 (Call 08/07/29)		8,893		7,831,689
2.75%, 04/06/30 (Call 01/06/30)		10,352		9,217,636
Sinopec Group Overseas Development 2018 Ltd.
2.30%, 01/08/31 (Call 10/08/30)(a)(b)		7,505		6,433,261
2.70%, 05/13/30 (Call 02/13/30)(a)(b)		9,570		8,524,143
2.95%, 08/08/29 (Call 05/08/29)(a)(b)		4,392		4,020,532
2.95%, 11/12/29 (Call 08/12/29)(a)(b)		6,197		5,632,515
Suncor Energy Inc., 7.15%, 02/01/32		4,180		4,577,222
Tengizchevroil Finance Co. International Ltd., 3.25%, 08/15/30 (Call 02/15/30)(b)		3,528		2,878,608
Thaioil Treasury Center Co. Ltd., 2.50%, 06/18/30(a)(b)		2,388		1,999,506
Tosco Corp., 8.13%, 02/15/30(a)		2,097		2,422,347
TotalEnergies Capital International SA, 2.83%, 01/10/30 (Call 10/10/29)		7,553		6,791,354
Valero Energy Corp.
2.80%, 12/01/31 (Call 09/01/31)(a)		2,060		1,740,087
4.00%, 04/01/29 (Call 01/01/29)(a)		1,130		1,078,485
7.50%, 04/15/32		4,820		5,484,422
Var Energi ASA, 8.00%, 11/15/32 (Call 08/15/32)(b)		5,718		6,355,443
Woodside Finance Ltd., 4.50%, 03/04/29 (Call 12/04/28)(a)(b)		2,045		1,950,180
				538,044,567
Oil & Gas Services — 0.2%
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
3.14%, 11/07/29 (Call 08/07/29)(a)		3,118		2,846,859
4.49%, 05/01/30 (Call 02/01/30)(a)		3,111		3,022,598
Halliburton Co., 2.92%, 03/01/30 (Call 12/01/29)(a)		6,390		5,675,679
NOV Inc., 3.60%, 12/01/29 (Call 09/01/29)(a)		3,274		2,989,711
Schlumberger Holdings Corp., 4.30%, 05/01/29 (Call 02/01/29)(b)		4,527		4,380,931
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)(a)		7,105		6,245,655
4.85%, 05/15/33 (Call 02/15/33)(a)		2,655		2,626,092
				27,787,525
Packaging & Containers — 0.3%
Amcor Finance USA Inc., 5.63%, 05/26/33 (Call 02/26/33)(a)		3,695		3,757,070

S C H E D U L E  O F  I N V E S T M E N T S 207

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Packaging & Containers (continued)
Amcor Flexibles North America Inc.
2.63%, 06/19/30 (Call 03/19/30)	$	3,259	$	2,780,475
2.69%, 05/25/31 (Call 02/25/31)(a)		4,833		4,082,819
AptarGroup Inc., 3.60%, 03/15/32 (Call 12/15/31)(a)		1,265		1,109,771
Berry Global Inc., 5.65%, 01/15/34 (Call 10/15/33)(b)		4,565		4,504,136
CCL Industries Inc., 3.05%, 06/01/30 (Call 03/01/30)(a)(b)		3,698		3,189,815
Packaging Corp. of America
3.00%, 12/15/29 (Call 09/15/29)		3,298		2,957,732
5.70%, 12/01/33 (Call 09/01/33)		1,505		1,540,232
Sonoco Products Co.
2.85%, 02/01/32 (Call 11/01/31)(a)		3,042		2,568,305
3.13%, 05/01/30 (Call 02/01/30)(a)		3,969		3,526,395
WestRock MWV LLC
7.95%, 02/15/31(a)		1,800		2,051,071
8.20%, 01/15/30(a)		2,305		2,622,229
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)(a)		3,755		3,168,007
4.20%, 06/01/32 (Call 03/01/32)(a)		2,833		2,661,337
4.90%, 03/15/29 (Call 12/15/28)(a)		3,149		3,120,052
				43,639,446
Pharmaceuticals — 3.3%
AbbVie Inc.
3.20%, 11/21/29 (Call 08/21/29)		30,491		27,897,143
4.95%, 03/15/31 (Call 01/15/31)		6,070		6,071,219
5.05%, 03/15/34 (Call 12/15/33)		4,865		4,889,217
Astrazeneca Finance LLC
2.25%, 05/28/31 (Call 02/28/31)(a)		4,199		3,522,543
4.88%, 03/03/33 (Call 12/03/32)(a)		3,350		3,342,173
4.90%, 03/03/30 (Call 01/03/30)(a)		3,670		3,676,957
4.90%, 02/26/31 (Call 12/26/30)		5,660		5,647,761
5.00%, 02/26/34 (Call 11/26/33)		5,375		5,393,044
AstraZeneca PLC, 1.38%, 08/06/30 (Call 05/06/30)(a)		7,409		6,004,017
Bayer U.S. Finance LLC
6.38%, 11/21/30 (Call 09/21/30)(b)		5,335		5,375,494
6.50%, 11/21/33 (Call 08/21/33)(b)		10,375		10,380,659
Becton Dickinson and Co.
1.96%, 02/11/31 (Call 11/11/30)		5,943		4,835,660
2.82%, 05/20/30 (Call 02/20/30)(a)		4,730		4,153,519
4.30%, 08/22/32 (Call 05/22/32)		3,174		2,974,713
5.11%, 02/08/34 (Call 11/08/33)		1,125		1,105,418
Bristol-Myers Squibb Co.
1.45%, 11/13/30 (Call 08/13/30)		7,477		5,998,646
2.95%, 03/15/32 (Call 12/15/31)(a)		10,280		8,883,895
3.40%, 07/26/29 (Call 04/26/29)(a)		13,383		12,478,605
5.10%, 02/22/31 (Call 12/22/30)		1,940		1,947,938
5.20%, 02/22/34 (Call 11/22/33)(a)		11,180		11,270,827
5.75%, 02/01/31 (Call 12/01/30)(a)		5,795		6,041,522
5.90%, 11/15/33 (Call 08/15/33)(a)		4,795		5,073,655
Cardinal Health Inc., 5.45%, 02/15/34 (Call 11/15/33)(a)		295		295,094
Cencora Inc.
2.70%, 03/15/31 (Call 12/15/30)		6,194		5,291,866
2.80%, 05/15/30 (Call 02/15/30)(a)		3,275		2,874,577
5.13%, 02/15/34 (Call 11/15/33)		1,250		1,227,013
Cigna Group (The)
2.38%, 03/15/31 (Call 12/15/30)		8,734		7,291,358
2.40%, 03/15/30 (Call 12/15/29)		7,478		6,413,431

Security	Par (000)		Value
Pharmaceuticals (continued)
5.00%, 05/15/29 (Call 04/15/29)(a)	$	2,825	$	2,805,849
5.13%, 05/15/31 (Call 03/15/31)		3,340		3,303,052
5.25%, 02/15/34 (Call 11/15/33)		3,170		3,132,455
5.40%, 03/15/33 (Call 12/15/32)(a)		4,833		4,869,655
CVS Health Corp.
1.75%, 08/21/30 (Call 05/21/30)		7,281		5,914,192
1.88%, 02/28/31 (Call 11/28/30)(a)		7,396		5,947,397
2.13%, 09/15/31 (Call 06/15/31)(a)		5,914		4,771,501
3.25%, 08/15/29 (Call 05/15/29)		9,969		9,079,835
3.75%, 04/01/30 (Call 01/01/30)		8,627		7,960,095
5.13%, 02/21/30 (Call 12/21/29)		8,595		8,541,460
5.25%, 01/30/31 (Call 11/30/30)(a)		4,581		4,575,669
5.25%, 02/21/33 (Call 11/21/32)(a)		10,041		9,938,680
5.30%, 06/01/33 (Call 03/01/33)(a)		7,301		7,248,372
Eli Lilly & Co.
3.38%, 03/15/29 (Call 12/15/28)		5,137		4,841,375
4.70%, 02/27/33 (Call 11/27/32)		6,113		6,062,559
4.70%, 02/09/34 (Call 11/09/33)		5,515		5,443,991
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29)(a)		5,710		5,366,184
Johnson & Johnson
1.30%, 09/01/30 (Call 06/01/30)(a)		10,164		8,321,737
4.38%, 12/05/33 (Call 06/05/33)(a)		475		469,235
4.95%, 05/15/33(a)		950		985,916
6.95%, 09/01/29(a)		1,345		1,509,462
McKesson Corp., 5.10%, 07/15/33 (Call 04/15/33)		2,126		2,119,135
Merck & Co. Inc.
1.45%, 06/24/30 (Call 03/24/30)(a)		7,232		5,912,030
2.15%, 12/10/31 (Call 09/10/31)(a)		11,524		9,546,290
3.40%, 03/07/29 (Call 12/07/28)		3		2,817
4.30%, 05/17/30 (Call 03/17/30)(a)		4,555		4,434,416
4.50%, 05/17/33 (Call 02/17/33)(a)		9,173		8,920,437
6.50%, 12/01/33(a)		190		214,156
Novartis Capital Corp., 2.20%, 08/14/30 (Call 05/14/30)		9,117		7,838,335
Pfizer Inc.
1.70%, 05/28/30 (Call 02/28/30)		6,812		5,674,793
1.75%, 08/18/31 (Call 05/18/31)		5,834		4,709,284
2.63%, 04/01/30 (Call 01/01/30)		8,776		7,764,257
Pfizer Investment Enterprises Pte Ltd.
4.65%, 05/19/30 (Call 03/19/30)		13,460		13,240,039
4.75%, 05/19/33 (Call 02/19/33)		28,513		27,766,338
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30 (Call 12/31/29)		14,399		12,119,068
Viatris Inc., 2.70%, 06/22/30 (Call 03/22/30)(a)		9,533		8,029,225
Wyeth LLC, 6.50%, 02/01/34		200		220,181
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)		4,735		3,973,693
5.60%, 11/16/32 (Call 08/16/32)(a)		4,813		4,972,391
				408,903,520
Pipelines — 3.5%
Abu Dhabi Crude Oil Pipeline LLC, 3.65%, 11/02/29(a)(b)		3,340		3,127,075
Boardwalk Pipelines LP
3.40%, 02/15/31 (Call 11/15/30)		2,902		2,561,821
3.60%, 09/01/32 (Call 06/01/32)(a)		2,938		2,554,258
4.80%, 05/03/29 (Call 02/03/29)(a)		2,642		2,570,981
5.63%, 08/01/34 (Call 05/01/34)		1,900		1,884,743
Cameron LNG LLC, 2.90%, 07/15/31 (Call 04/15/31)(b)		5,077		4,373,828

208 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
Cheniere Corpus Christi Holdings LLC, 3.70%, 11/15/29 (Call 05/18/29)	$	7,181	$	6,622,349
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)(a)		7,457		6,232,508
4.00%, 03/01/31 (Call 03/01/26)		8,570		7,643,182
4.50%, 10/01/29 (Call 10/01/24)		8,623		8,076,859
5.95%, 06/30/33 (Call 12/30/32)		8,197		8,250,830
Colonial Enterprises Inc., 3.25%, 05/15/30 (Call 02/15/30)(a)(b)		3,598		3,204,591
Colonial Pipeline Co., 7.63%, 04/15/32(a)(b)		975		1,102,709
Columbia Pipelines Holding Co. LLC, 5.68%, 01/15/34 (Call 10/15/33)(a)(b)		1,220		1,196,504
Columbia Pipelines Operating Co. LLC
5.93%, 08/15/30 (Call 06/15/30)(a)(b)		2,860		2,913,205
6.04%, 11/15/33 (Call 08/15/33)(b)		8,850		9,087,196
DCP Midstream Operating LP
3.25%, 02/15/32 (Call 08/15/31)		2,505		2,135,085
5.13%, 05/15/29 (Call 02/15/29)(a)		3,615		3,569,892
8.13%, 08/16/30(a)		2,490		2,837,333
DT Midstream Inc., 4.30%, 04/15/32 (Call 01/15/32)(b)		3,765		3,347,612
Eastern Gas Transmission & Storage Inc., 3.00%, 11/15/29 (Call 08/15/29)		2,675		2,380,440
El Paso Natural Gas Co. LLC
3.50%, 02/15/32 (Call 11/15/31)(b)		1,589		1,338,528
8.38%, 06/15/32(a)		1,455		1,678,322
Enbridge Inc.
2.50%, 08/01/33 (Call 05/01/33)(a)		7,413		5,859,249
3.13%, 11/15/29 (Call 08/15/29)(a)		5,640		5,090,454
5.70%, 03/08/33 (Call 12/08/32)(a)		12,810		12,954,524
6.20%, 11/15/30 (Call 09/15/30)		3,020		3,165,982
7.63%, 01/15/83 (Call 10/15/32), (5-year CMT + 4.418%)(c)		1,645		1,665,933
8.25%, 01/15/84 (Call 10/15/28), (5-year CMT + 3.785%)(a)(c)		2,030		2,105,867
8.50%, 01/15/84 (Call 10/15/33), (5-year CMT + 4.431%)(c)		60		63,979
Series 20-A, 5.75%, 07/15/80 (Call 04/15/30), (5-year CMT + 5.314%)(a)(c)		5,273		4,918,114
Energy Transfer LP
3.75%, 05/15/30 (Call 02/15/30)		8,741		7,971,930
4.15%, 09/15/29 (Call 06/15/29)(a)		3,326		3,139,977
5.25%, 04/15/29 (Call 01/15/29)(a)		5,964		5,940,987
5.55%, 05/15/34 (Call 02/15/34)(a)		1,895		1,874,911
5.75%, 02/15/33 (Call 11/15/32)		8,582		8,641,181
6.40%, 12/01/30 (Call 10/01/30)		4,947		5,191,016
6.55%, 12/01/33 (Call 09/01/33)		8,275		8,777,292
7.38%, 02/01/31 (Call 02/01/26)(a)(b)		5,100		5,336,385
8.25%, 11/15/29 (Call 08/15/29)		1,705		1,933,558
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)		7,276		6,460,483
3.13%, 07/31/29 (Call 04/30/29)		7,559		6,915,521
4.85%, 01/31/34 (Call 10/31/33)		3,410		3,321,556
5.35%, 01/31/33 (Call 10/31/32)		5,793		5,870,127
Series D, 6.88%, 03/01/33		3,595		4,006,493
Flex Intermediate Holdco LLC, 3.36%, 06/30/31 (Call 12/30/30)(a)(b)		4,685		3,809,297
Florida Gas Transmission Co. LLC
2.30%, 10/01/31 (Call 07/01/31)(b)		4,012		3,215,163
2.55%, 07/01/30 (Call 04/01/30)(a)(b)		3,294		2,780,712

Security	Par (000)		Value
Pipelines (continued)
GNL Quintero SA, 4.63%, 07/31/29(a)(b)	$	2,443	$	2,398,189
Kinder Morgan Energy Partners LP
7.30%, 08/15/33(a)		920		1,021,378
7.40%, 03/15/31(a)		1,332		1,474,520
7.75%, 03/15/32(a)		3,265		3,645,813
Kinder Morgan Inc.
2.00%, 02/15/31 (Call 11/15/30)(a)		5,721		4,640,282
4.80%, 02/01/33 (Call 11/01/32)		5,146		4,856,919
5.20%, 06/01/33 (Call 03/01/33)(a)		9,467		9,216,893
5.40%, 02/01/34 (Call 11/01/33)(a)		5,340		5,250,892
7.75%, 01/15/32		5,454		6,141,187
7.80%, 08/01/31		2,953		3,308,909
Midwest Connector Capital Co. LLC, 4.63%, 04/01/29 (Call 01/01/29)(b)		3,713		3,577,536
MPLX LP
2.65%, 08/15/30 (Call 05/15/30)		8,974		7,640,659
4.95%, 09/01/32 (Call 06/01/32)		6,030		5,775,392
5.00%, 03/01/33 (Call 12/01/32)		6,630		6,341,662
NGPL PipeCo LLC, 3.25%, 07/15/31 (Call 04/15/31)(b)		4,295		3,664,890
ONEOK Inc.
3.10%, 03/15/30 (Call 12/15/29)		5,274		4,678,038
3.25%, 06/01/30(a)		2,808		2,511,114
3.40%, 09/01/29 (Call 06/01/29)		4,371		3,991,191
4.35%, 03/15/29 (Call 12/15/28)(a)		8		7,701
5.80%, 11/01/30 (Call 09/01/30)		4,218		4,314,843
6.05%, 09/01/33 (Call 06/01/33)(a)		9,867		10,168,909
6.10%, 11/15/32 (Call 08/15/32)		4,243		4,398,887
6.35%, 01/15/31 (Call 10/15/30)(a)		2,324		2,434,347
Pipeline Funding Co. LLC, 7.50%, 01/15/30(a)(b).		323		335,246
Plains All American Pipeline LP/PAA
Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)(a)		6,101		5,535,306
3.80%, 09/15/30 (Call 06/15/30)		4,702		4,285,046
Sabine Pass Liquefaction LLC, 4.50%, 05/15/30 (Call 11/15/29)		12,203		11,677,214
Southern Natural Gas Co. LLC, 8.00%, 03/01/32(a)		687		780,347
Targa Resources Corp.
4.20%, 02/01/33 (Call 11/01/32)		4,495		4,045,989
6.13%, 03/15/33 (Call 12/15/32)		5,453		5,614,177
6.15%, 03/01/29 (Call 02/01/29)		349		359,709
6.50%, 03/30/34 (Call 12/30/33)		2,988		3,164,611
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)		5,950		5,309,512
4.88%, 02/01/31 (Call 02/01/26)		6,275		5,945,161
5.50%, 03/01/30 (Call 03/01/25)		5,982		5,924,034
Tennessee Gas Pipeline Co. LLC, 2.90%, 03/01/30 (Call 12/01/29)(b)		6,009		5,220,577
Texas Eastern Transmission LP, 7.00%, 07/15/32(a)		3,813		4,222,280
TransCanada PipeLines Ltd.
2.50%, 10/12/31 (Call 07/12/31)		6,129		5,023,456
4.10%, 04/15/30 (Call 01/15/30)		7,456		6,977,523
Transcanada Trust
5.50%, 09/15/79 (Call 09/15/29), (1-day SOFR + 4.416%)(c)		5,827		5,210,381
5.60%, 03/07/82 (Call 12/07/31), (5-year CMT + 3.986%)(a)(c)		4,556		3,986,594

S C H E D U L E  O F  I N V E S T M E N T S 209

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
Transcontinental Gas Pipe Line Co. LLC, 3.25%, 05/15/30 (Call 02/15/30)	$	4,559	$	4,100,801
Western Midstream Operating LP
4.05%, 02/01/30 (Call 11/01/29)(a)		7,111		6,573,868
6.15%, 04/01/33 (Call 01/01/33)		5,043		5,124,818
Williams Companies Inc. (The)
2.60%, 03/15/31 (Call 12/15/30)		8,364		7,052,779
3.50%, 11/15/30 (Call 08/15/30)(a)		5,495		4,958,939
4.65%, 08/15/32 (Call 05/15/32)(a)		6,032		5,738,463
5.15%, 03/15/34 (Call 12/15/33)(a)		2,850		2,782,634
5.65%, 03/15/33 (Call 12/15/32)(a)		5,223		5,311,032
7.75%, 06/15/31(a)		1,832		2,009,666
8.75%, 03/15/32(a)		2,246		2,676,598
Series A, 7.50%, 01/15/31		2,547		2,828,802
				443,936,256
Private Equity — 0.1%
Apollo Management Holdings LP, 2.65%, 06/05/30 (Call 03/05/30)(a)(b)		3,288		2,795,951
Carlyle Finance Subsidiary LLC, 3.50%, 09/19/29 (Call 06/19/29)(a)(b)		2,862		2,635,142
KKR Group Finance Co. VI LLC, 3.75%, 07/01/29 (Call 04/01/29)(a)(b)		4,514		4,181,941
				9,613,034
Real Estate — 0.3%
American Homes 4 Rent LP, 5.50%, 02/01/34 (Call 11/01/33)		2,340		2,294,804
AvalonBay Communities Inc., 5.30%, 12/07/33 (Call 09/07/33)(a)		2,255		2,261,305
Brixmor Operating Partnership LP, 5.50%, 02/15/34 (Call 11/15/33)(a)		1,200		1,168,204
Brookfield Corp., 7.38%, 03/01/33		10		10,763
Camden Property Trust, 4.90%, 01/15/34 (Call 10/15/33)(a)		1,855		1,784,270
CBRE Services Inc., 2.50%, 04/01/31 (Call 01/01/31)(a)		3,123		2,570,563
Corp. Inmobiliaria Vesta SAB de CV, 3.63%, 05/13/31 (Call 02/13/31)(a)(b)		2,415		2,044,935
Essential Properties LP, 2.95%, 07/15/31 (Call 04/15/31)(a)		2,249		1,761,769
Mid-America Apartments LP, 5.00%, 03/15/34 (Call 12/15/33)(a)		1,150		1,119,074
Mitsui Fudosan Co. Ltd., 2.57%, 01/21/32 (Call 10/21/31)(b)		250		205,858
Ontario Teachers’ Cadillac Fairview Properties Trust, 2.50%, 10/15/31 (Call 07/15/31)(a)(b)		5,025		3,985,025
Prologis LP, 5.00%, 03/15/34 (Call 12/15/33)(a)		2,675		2,628,834
Realty Income Corp.
2.70%, 02/15/32 (Call 11/15/31)(a)		1,771		1,456,065
3.20%, 02/15/31 (Call 11/15/30)		2,126		1,859,365
3.40%, 01/15/30 (Call 10/15/29)(a)		2,932		2,657,830
4.00%, 07/15/29 (Call 04/15/29)(a)		2,532		2,387,646
5.13%, 02/15/34 (Call 11/15/33)		2,270		2,196,239
Regency Centers LP, 5.25%, 01/15/34 (Call 10/15/33)(a)		720		703,626
				33,096,175
Real Estate Investment Trusts — 4.8%
Agree LP
2.60%, 06/15/33 (Call 03/15/33)		865		670,091
2.90%, 10/01/30 (Call 07/01/30)		1,955		1,666,124
4.80%, 10/01/32 (Call 07/01/32)(a)		1,535		1,434,163

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Alexandria Real Estate Equities Inc.
1.88%, 02/01/33 (Call 11/01/32)(a)	$	4,500	$	3,367,421
2.00%, 05/18/32 (Call 02/18/32)		7,250		5,605,790
2.75%, 12/15/29 (Call 09/15/29)(a)		2,232		1,941,607
3.38%, 08/15/31 (Call 05/15/31)(a)		4,115		3,622,708
4.50%, 07/30/29 (Call 04/30/29)		2,011		1,925,520
4.70%, 07/01/30 (Call 04/01/30)		2,730		2,624,943
4.90%, 12/15/30 (Call 09/15/30)(a)		4,168		4,058,113
American Assets Trust LP, 3.38%, 02/01/31 (Call 11/01/30)		2,950		2,377,775
American Homes 4 Rent LP
2.38%, 07/15/31 (Call 04/15/31)		2,328		1,874,122
3.63%, 04/15/32 (Call 01/15/32)(a)		3,276		2,858,437
American Tower Corp.
1.88%, 10/15/30 (Call 07/15/30)		4,732		3,802,428
2.10%, 06/15/30 (Call 03/15/30)(a)		4,705		3,871,674
2.30%, 09/15/31 (Call 06/15/31)(a)		4,246		3,428,668
2.70%, 04/15/31 (Call 01/15/31)		4,170		3,499,792
2.90%, 01/15/30 (Call 10/15/29)(a)		4,685		4,104,596
3.80%, 08/15/29 (Call 05/15/29)(a)		9,591		8,875,709
3.95%, 03/15/29 (Call 12/15/28)		2,570		2,412,056
4.05%, 03/15/32 (Call 12/15/31)(a)		4,014		3,651,128
5.55%, 07/15/33 (Call 04/15/33)		4,515		4,511,712
5.65%, 03/15/33 (Call 12/15/32)		4,946		4,978,095
5.90%, 11/15/33 (Call 08/15/33)(a)		5,230		5,363,795
AvalonBay Communities Inc.
2.05%, 01/15/32 (Call 10/15/31)(a)		5,840		4,760,484
2.30%, 03/01/30 (Call 12/01/29)(a)		4,163		3,577,913
2.45%, 01/15/31 (Call 10/17/30)		2,966		2,531,589
3.30%, 06/01/29 (Call 03/01/29)(a)		2,058		1,896,401
5.00%, 02/15/33 (Call 11/15/32)(a)		910		891,870
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)		4,165		3,070,689
2.55%, 04/01/32 (Call 01/01/32)(a)		5,585		4,342,084
2.90%, 03/15/30 (Call 12/15/29)		4,261		3,594,763
3.25%, 01/30/31 (Call 10/30/30)(a)		6,998		5,896,469
3.40%, 06/21/29 (Call 03/21/29)(a)		5,789		5,108,890
6.50%, 01/15/34 (Call 10/15/33)(a)		640		653,038
Brixmor Operating Partnership LP
2.50%, 08/16/31 (Call 05/16/31)(a)		3,120		2,540,605
4.05%, 07/01/30 (Call 04/01/30)(a)		4,820		4,434,966
4.13%, 05/15/29 (Call 02/15/29)		4,278		4,000,057
Broadstone Net Lease LLC, 2.60%, 09/15/31 (Call 06/15/31)(a)		2,327		1,806,177
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)(a)		5,197		4,567,897
3.15%, 07/01/29 (Call 04/01/29)(a)		3,751		3,412,371
Cibanco SA Ibm/PLA Administradora Industrial S de RL de CV, 4.96%, 07/18/29 (Call 04/18/29)(a)(b)		2,335		2,243,992
Corporate Office Properties LP
2.75%, 04/15/31 (Call 01/15/31)(a)		3,401		2,745,105
2.90%, 12/01/33 (Call 09/01/33)		235		179,267
Crown Castle Inc.
2.10%, 04/01/31 (Call 01/01/31)		6,151		4,938,131
2.25%, 01/15/31 (Call 10/15/30)		6,555		5,356,287
2.50%, 07/15/31 (Call 04/15/31)		4,878		3,996,082
3.10%, 11/15/29 (Call 08/15/29)		3,577		3,164,599
3.30%, 07/01/30 (Call 04/01/30)		4,583		4,046,007
5.10%, 05/01/33 (Call 02/01/33)		4,771		4,611,422
5.60%, 06/01/29 (Call 05/01/29)		4,550		4,575,196

210 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
5.80%, 03/01/34 (Call 12/01/33)(a)	$	3,525	$	3,572,514
CubeSmart LP
2.00%, 02/15/31 (Call 11/15/30)(a)		1,220		978,724
2.50%, 02/15/32 (Call 11/15/31)(a)		2,825		2,282,911
3.00%, 02/15/30 (Call 11/15/29)(a)		2,081		1,812,569
Digital Realty Trust LP, 3.60%, 07/01/29 (Call 04/01/29)(a)		5,528		5,092,725
EPR Properties
3.60%, 11/15/31 (Call 08/15/31)(a)		1,815		1,481,702
3.75%, 08/15/29 (Call 05/15/29)(a)		2,300		2,007,500
Equinix Inc.
2.15%, 07/15/30 (Call 04/15/30)		6,479		5,370,965
2.50%, 05/15/31 (Call 02/15/31)(a)		6,193		5,164,319
3.20%, 11/18/29 (Call 08/18/29)(a)		7,446		6,687,152
3.90%, 04/15/32 (Call 01/15/32)(a)		8,763		7,950,446
ERP Operating LP
1.85%, 08/01/31 (Call 05/01/31)(a)		3,882		3,119,650
2.50%, 02/15/30 (Call 11/15/29)		2,982		2,590,744
3.00%, 07/01/29 (Call 04/01/29)(a)		2,131		1,931,526
Essex Portfolio LP
1.65%, 01/15/31 (Call 10/15/30)(a)		2,055		1,606,442
2.55%, 06/15/31 (Call 03/15/31)		1,607		1,323,866
2.65%, 03/15/32 (Call 12/15/31)(a)		3,370		2,742,488
3.00%, 01/15/30 (Call 10/15/29)(a)		3,266		2,865,294
4.00%, 03/01/29 (Call 12/01/28)(a)		1,897		1,793,513
Extra Space Storage LP
2.20%, 10/15/30 (Call 07/15/30)		2,531		2,069,186
2.35%, 03/15/32 (Call 12/15/31)		3,250		2,578,345
2.40%, 10/15/31 (Call 07/15/31)		3,219		2,600,168
2.55%, 06/01/31 (Call 03/01/31)(a)		2,545		2,093,356
3.90%, 04/01/29 (Call 02/01/29)(a)		1,975		1,844,221
4.00%, 06/15/29 (Call 03/15/29)		2,219		2,082,515
5.40%, 02/01/34 (Call 11/01/33)		2,370		2,323,201
5.50%, 07/01/30 (Call 05/01/30)		2,435		2,446,326
5.90%, 01/15/31 (Call 11/15/30)		2,045		2,094,281
Federal Realty OP LP
3.20%, 06/15/29 (Call 03/15/29)(a)		2,430		2,171,063
3.50%, 06/01/30 (Call 03/01/30)		2,369		2,124,637
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32 (Call 10/15/31)		4,581		3,800,343
4.00%, 01/15/30 (Call 10/15/29)(a)		4,276		3,848,211
4.00%, 01/15/31 (Call 10/15/30)(a)		4,264		3,762,380
6.75%, 12/01/33 (Call 09/01/33)(a)		920		954,652
Goodman U.S. Finance Five LLC, 4.63%, 05/04/32 (Call 02/04/32)(b)		230		209,587
Healthcare Realty Holdings LP
2.00%, 03/15/31 (Call 12/15/30)(a)		4,768		3,737,605
2.05%, 03/15/31 (Call 12/15/30)		1,695		1,287,781
2.40%, 03/15/30 (Call 12/15/29)		1,735		1,391,655
3.10%, 02/15/30 (Call 11/15/29)		3,668		3,157,093
Healthpeak OP LLC
2.88%, 01/15/31 (Call 10/15/30)(a)		3,568		3,036,687
3.00%, 01/15/30 (Call 10/15/29)(a)		4,976		4,360,179
3.50%, 07/15/29 (Call 04/15/29)		3,707		3,385,313
5.25%, 12/15/32 (Call 09/15/32)(a)		4,054		3,965,323
Highwoods Realty LP
2.60%, 02/01/31 (Call 11/01/30)(a)		2,030		1,591,601
3.05%, 02/15/30 (Call 11/15/29)(a)		2,253		1,889,938
4.20%, 04/15/29 (Call 01/15/29)		1,861		1,676,313
Host Hotels & Resorts LP
Series H, 3.38%, 12/15/29 (Call 09/15/29)(a)		2,385		2,110,541

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Series I, 3.50%, 09/15/30 (Call 06/15/30)(a)	$	6,290	$	5,546,628
Series J, 2.90%, 12/15/31 (Call 09/15/31)(a)		2,330		1,923,332
Invitation Homes Operating Partnership LP
2.00%, 08/15/31 (Call 05/15/31)(a)		3,719		2,904,894
2.70%, 01/15/34 (Call 10/15/33)		270		210,213
4.15%, 04/15/32 (Call 01/15/32)(a)		3,135		2,828,038
5.45%, 08/15/30 (Call 06/15/30)(a)		2,670		2,658,111
5.50%, 08/15/33 (Call 05/15/33)(a)		3,533		3,489,681
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)		3,095		2,288,915
2.65%, 11/15/33 (Call 08/15/33)(a)		975		709,963
3.05%, 02/15/30 (Call 11/15/29)(a)		2,961		2,482,021
4.25%, 08/15/29 (Call 05/15/29)(a)		1,571		1,432,754
Kimco Realty OP LLC
2.25%, 12/01/31 (Call 09/01/31)(a)		2,857		2,272,328
2.70%, 10/01/30 (Call 07/01/30)(a)		3,757		3,191,392
3.20%, 04/01/32 (Call 01/01/32)(a)		3,250		2,761,749
4.60%, 02/01/33 (Call 11/01/32)(a)		3,575		3,351,259
6.40%, 03/01/34 (Call 12/01/33)		983		1,034,405
Kite Realty Group Trust, 4.75%, 09/15/30 (Call 06/15/30)(a)		1,905		1,797,310
LXP Industrial Trust
2.38%, 10/01/31 (Call 07/01/31)(a)		2,095		1,663,206
2.70%, 09/15/30 (Call 06/15/30)(a)		2,291		1,888,928
Mid-America Apartments LP
1.70%, 02/15/31 (Call 11/15/30)(a)		2,572		2,049,570
2.75%, 03/15/30 (Call 12/15/29)(a)		1,798		1,580,176
3.95%, 03/15/29 (Call 12/15/28)(a)		2,493		2,378,243
National Health Investors Inc., 3.00%, 02/01/31 (Call 11/01/30)		2,318		1,859,977
NNN REIT Inc.
2.50%, 04/15/30 (Call 01/15/30)(a)		2,372		2,005,018
5.60%, 10/15/33 (Call 07/15/33)(a)		3,115		3,106,449
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)(a)		3,052		2,429,326
3.38%, 02/01/31 (Call 11/01/30)		4,050		3,409,797
3.63%, 10/01/29 (Call 07/01/29)		2,895		2,542,528
Phillips Edison Grocery Center Operating Partnership I LP, 2.63%, 11/15/31 (Call 08/15/31)		1,900		1,528,376
Physicians Realty LP, 2.63%, 11/01/31 (Call 08/01/31)(a)		2,625		2,137,081
Piedmont Operating Partnership LP
2.75%, 04/01/32 (Call 01/01/32)(a)		1,340		948,202
3.15%, 08/15/30 (Call 05/15/30)		2,764		2,109,284
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		5,230		4,150,833
1.63%, 03/15/31 (Call 12/15/30)(a)		1,145		909,352
1.75%, 07/01/30 (Call 04/01/30)		1,731		1,419,237
1.75%, 02/01/31 (Call 11/01/30)(a)		3,904		3,163,425
2.25%, 04/15/30 (Call 01/15/30)		5,957		5,108,576
2.25%, 01/15/32 (Call 10/15/31)(a)		3,521		2,875,237
2.88%, 11/15/29 (Call 08/15/29)(a)		2,062		1,847,987
4.63%, 01/15/33 (Call 10/15/32)(a)		4,460		4,292,020
4.75%, 06/15/33 (Call 03/15/33)		3,360		3,258,079
5.13%, 01/15/34 (Call 10/15/33)		2,070		2,048,926
Prologis Targeted U.S. Logistics Fund LP, 5.50%, 04/01/34 (Call 01/01/34)(b)		240		238,267
Public Storage Operating Co.
2.25%, 11/09/31 (Call 08/09/31)		3,515		2,897,954
2.30%, 05/01/31 (Call 02/01/31)(a)		3,538		2,975,889

S C H E D U L E  O F  I N V E S T M E N T S 211

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.39%, 05/01/29 (Call 02/01/29)	$	3,065	$	2,857,600
5.10%, 08/01/33 (Call 05/01/33)		4,510		4,505,685
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31)		2,863		2,326,645
Realty Income Corp.
1.80%, 03/15/33 (Call 12/15/32)(a)		2,245		1,690,051
2.85%, 12/15/32 (Call 09/15/32)		4,230		3,485,535
3.10%, 12/15/29 (Call 09/15/29)(a)		3,645		3,277,637
3.25%, 06/15/29 (Call 03/15/29)(a)		2,665		2,436,348
3.25%, 01/15/31 (Call 10/15/30)		6,027		5,338,797
4.85%, 03/15/30 (Call 01/15/30)(a)		3,625		3,552,598
4.90%, 07/15/33 (Call 04/15/33)(a)		3,480		3,320,221
5.63%, 10/13/32 (Call 07/13/32)(a)		4,125		4,175,051
Regency Centers LP
2.95%, 09/15/29 (Call 06/15/29)(a)		2,647		2,343,090
3.70%, 06/15/30 (Call 03/15/30)		3,513		3,202,507
Rexford Industrial Realty LP
2.13%, 12/01/30 (Call 09/01/30)		1,358		1,099,500
2.15%, 09/01/31 (Call 06/01/31)(a)		4,235		3,347,121
Sabra Health Care LP
3.20%, 12/01/31 (Call 09/01/31)(a)		4,568		3,703,684
3.90%, 10/15/29 (Call 07/15/29)(a)		2,424		2,154,723
Safehold GL Holdings LLC
2.80%, 06/15/31 (Call 03/15/31)(a)		2,502		2,032,972
2.85%, 01/15/32 (Call 08/15/31)(a)		755		607,147
6.10%, 04/01/34 (Call 01/01/34)		800		791,656
Scentre Group Trust 1/Scentre Group Trust 2, 4.38%, 05/28/30 (Call 02/28/30)(a)(b)		4,617		4,340,375
Scentre Group Trust 2, 5.13%, 09/24/80 (Call 06/24/30), (5-year CMT + 4.685%)(b)(c)		115		105,252
Simon Property Group LP
2.20%, 02/01/31 (Call 11/01/30)(a)		4,161		3,412,307
2.25%, 01/15/32 (Call 10/15/31)(a)		3,818		3,073,171
2.45%, 09/13/29 (Call 06/13/29)(a)		7,836		6,833,782
2.65%, 07/15/30 (Call 04/15/30)		4,587		3,979,918
2.65%, 02/01/32 (Call 12/01/31)(a)		3,835		3,189,164
5.50%, 03/08/33 (Call 12/08/32)(a)		3,535		3,564,756
6.25%, 01/15/34 (Call 10/15/33)(a)		1,220		1,285,571
Store Capital LLC
2.70%, 12/01/31 (Call 09/01/31)(a)		2,173		1,691,816
2.75%, 11/18/30 (Call 08/18/30)(a)		1,919		1,513,490
4.63%, 03/15/29 (Call 12/15/28)(a)		1,900		1,772,827
Sun Communities Operating LP
2.70%, 07/15/31 (Call 04/15/31)(a)		4,272		3,484,178
4.20%, 04/15/32 (Call 01/15/32)		3,325		2,954,356
5.70%, 01/15/33 (Call 10/15/32)		2,098		2,065,081
Tanger Properties LP, 2.75%, 09/01/31 (Call 06/01/31)(a)		2,293		1,850,062
Trust Fibra Uno
4.87%, 01/15/30 (Call 10/30/29)(b)		3,365		3,062,044
7.38%, 02/13/34 (Call 11/13/33)(b)		150		150,450
UDR Inc.
1.90%, 03/15/33 (Call 12/15/32)(a)		970		723,620
2.10%, 08/01/32 (Call 05/01/32)		1,935		1,496,057
2.10%, 06/15/33 (Call 03/15/33)(a)		2,540		1,921,553
3.00%, 08/15/31 (Call 05/15/31)(a)		3,307		2,837,507
3.20%, 01/15/30 (Call 10/15/29)(a)		3,863		3,455,201
Ventas Realty LP
2.50%, 09/01/31 (Call 06/01/31)		2,812		2,286,793
3.00%, 01/15/30 (Call 10/15/29)		3,861		3,370,374
4.75%, 11/15/30 (Call 08/15/30)(a)		2,782		2,658,347

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
VICI Properties LP
4.95%, 02/15/30 (Call 12/15/29)(a)	$	5,696	$	5,422,688
5.13%, 05/15/32 (Call 02/15/32)(a)		8,758		8,218,185
VICI Properties LP/VICI Note Co. Inc.
4.13%, 08/15/30 (Call 02/15/25)(a)(b)		5,520		4,951,308
4.63%, 12/01/29 (Call 12/01/24)(b)		5,756		5,359,412
WEA Finance LLC, 3.50%, 06/15/29 (Call 03/15/29)(a)(b)		4,253		3,691,549
Welltower OP LLC
2.75%, 01/15/31 (Call 10/15/30)		3,327		2,837,957
2.75%, 01/15/32 (Call 10/15/31)(a)		2,555		2,125,436
2.80%, 06/01/31 (Call 03/01/31)(a)		4,758		4,040,052
3.10%, 01/15/30 (Call 10/15/29)		4,380		3,907,339
3.85%, 06/15/32 (Call 03/15/32)(a)		3,455		3,101,827
4.13%, 03/15/29 (Call 12/15/28)		1,130		1,074,917
Weyerhaeuser Co.
3.38%, 03/09/33 (Call 12/09/32)		3,025		2,612,878
4.00%, 11/15/29 (Call 08/15/29)		5,072		4,761,593
4.00%, 04/15/30 (Call 01/15/30)		4,588		4,290,941
6.88%, 12/15/33		15		16,139
7.38%, 03/15/32(a)		4,080		4,607,659
WP Carey Inc.
2.25%, 04/01/33 (Call 01/01/33)		627		475,152
2.40%, 02/01/31 (Call 11/01/30)(a)		3,244		2,669,939
2.45%, 02/01/32 (Call 11/01/31)		2,951		2,350,416
3.85%, 07/15/29 (Call 04/15/29)(a)		2,106		1,946,941
				603,930,253
Retail — 2.5%
7-Eleven Inc., 1.80%, 02/10/31 (Call 11/10/30)(b)		11,001		8,765,270
Advance Auto Parts Inc., 3.50%, 03/15/32 (Call 12/15/31)(a)		1,945		1,631,353
Alimentation Couche-Tard Inc.
2.95%, 01/25/30 (Call 10/25/29)(a)(b)		4,371		3,895,986
5.27%, 02/12/34 (Call 11/12/33)(a)(b)		2,810		2,783,833
AutoNation Inc.
2.40%, 08/01/31 (Call 05/01/31)(a)		2,872		2,274,628
3.85%, 03/01/32 (Call 12/01/31)(a)		4,156		3,628,866
4.75%, 06/01/30 (Call 03/01/30)(a)		3,507		3,335,638
AutoZone Inc.
1.65%, 01/15/31 (Call 10/15/30)(a)		3,873		3,081,621
3.75%, 04/18/29 (Call 01/18/29)(a)		2,040		1,915,837
4.00%, 04/15/30 (Call 01/15/30)(a)		4,520		4,254,357
4.75%, 08/01/32 (Call 05/01/32)(a)		4,675		4,489,333
4.75%, 02/01/33 (Call 11/01/32)(a)		3,155		3,022,579
5.20%, 08/01/33 (Call 05/01/33)(a)		1,905		1,887,773
6.55%, 11/01/33 (Call 08/01/33)		2,640		2,851,976
Best Buy Co. Inc., 1.95%, 10/01/30 (Call 07/01/30)(a)		4,092		3,363,965
Costco Wholesale Corp.
1.60%, 04/20/30 (Call 01/20/30)(a)		10,559		8,797,643
1.75%, 04/20/32 (Call 01/20/32)		6,164		4,929,091
Darden Restaurants Inc., 6.30%, 10/10/33 (Call 07/10/33)		2,020		2,109,995
Dick’s Sporting Goods Inc., 3.15%, 01/15/32 (Call 10/15/31)(a)		4,674		3,916,812
Dollar General Corp.
3.50%, 04/03/30 (Call 01/03/30)(a)		6,936		6,275,841
5.00%, 11/01/32 (Call 08/01/32)(a)		4,972		4,832,481
5.45%, 07/05/33 (Call 04/05/33)(a)		4,235		4,206,211

212 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
Dollar Tree Inc., 2.65%, 12/01/31 (Call 09/01/31)(a)	$	4,876	$	4,058,299
Genuine Parts Co.
1.88%, 11/01/30 (Call 08/01/30)		3,139		2,527,363
2.75%, 02/01/32 (Call 11/01/31)(a)		3,138		2,586,816
6.88%, 11/01/33 (Call 08/01/33)(a)		2,678		2,925,968
Home Depot Inc. (The)
1.38%, 03/15/31 (Call 12/15/30)		7,297		5,774,275
1.88%, 09/15/31 (Call 06/15/31)(a)		5,752		4,659,349
2.70%, 04/15/30 (Call 01/15/30)		9,324		8,247,072
2.95%, 06/15/29 (Call 03/15/29)		9,921		9,056,529
3.25%, 04/15/32 (Call 01/15/32)(a)		7,309		6,492,672
4.50%, 09/15/32 (Call 06/15/32)(a)		7,212		7,055,031
4.90%, 04/15/29 (Call 03/15/29)		2,735		2,745,549
Lowe’s Companies Inc.
1.70%, 10/15/30 (Call 07/15/30)		7,508		6,096,094
2.63%, 04/01/31 (Call 01/01/31)		8,522		7,260,025
3.65%, 04/05/29 (Call 01/05/29)(a)		509		479,769
3.75%, 04/01/32 (Call 01/01/32)(a)		8,697		7,902,697
4.50%, 04/15/30 (Call 01/15/30)(a)		7,091		6,889,601
5.00%, 04/15/33 (Call 01/15/33)(a)		4,992		4,924,121
5.15%, 07/01/33 (Call 04/01/33)(a)		7,340		7,307,856
6.50%, 03/15/29(a)		1,336		1,430,896
McDonald’s Corp.
2.13%, 03/01/30 (Call 12/01/29)		4,512		3,861,556
2.63%, 09/01/29 (Call 06/01/29)(a)		6,153		5,506,288
3.60%, 07/01/30 (Call 04/01/30)(a)		5,994		5,554,774
4.60%, 09/09/32 (Call 06/09/32)(a)		4,601		4,492,972
4.95%, 08/14/33 (Call 05/14/33)(a)		4,668		4,630,949
O’Reilly Automotive Inc.
1.75%, 03/15/31 (Call 12/15/30)(a)		2,688		2,154,441
3.90%, 06/01/29 (Call 03/01/29)		2,742		2,602,888
4.20%, 04/01/30 (Call 01/01/30)		3,360		3,189,395
4.70%, 06/15/32 (Call 03/15/32)(a)		5,350		5,176,307
Ross Stores Inc., 1.88%, 04/15/31 (Call 01/15/31)(a)		3,429		2,785,943
Starbucks Corp.
2.25%, 03/12/30 (Call 12/12/29)		4,345		3,715,566
2.55%, 11/15/30 (Call 08/15/30)(a)		7,584		6,514,429
3.00%, 02/14/32 (Call 11/14/31)(a)		6,227		5,408,134
3.55%, 08/15/29 (Call 05/15/29)(a)		5,512		5,170,011
4.80%, 02/15/33 (Call 11/15/32)(a)		3,103		3,060,239
4.90%, 02/15/31 (Call 12/15/30)(a)		2,390		2,361,074
5.00%, 02/15/34 (Call 11/15/33)		1,995		1,963,333
Target Corp.
2.35%, 02/15/30 (Call 11/15/29)(a)		5,111		4,458,841
2.65%, 09/15/30 (Call 06/15/30)(a)		2,904		2,550,319
3.38%, 04/15/29 (Call 01/15/29)		5,500		5,167,041
4.40%, 01/15/33 (Call 10/15/32)(a)		3,138		3,030,733
4.50%, 09/15/32 (Call 06/15/32)(a)		6,158		5,961,671
6.35%, 11/01/32(a)		770		841,171
TJX Companies Inc. (The)
1.60%, 05/15/31 (Call 02/15/31)(a)		3,037		2,450,685
3.88%, 04/15/30 (Call 01/15/30)		3,458		3,279,686
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)		4,129		3,320,779
5.25%, 05/15/33 (Call 02/15/33)(a)		4,580		4,555,462
Walmart Inc.
2.38%, 09/24/29 (Call 06/24/29)(a)		1,865		1,665,612
3.25%, 07/08/29 (Call 04/08/29)(a)		4,000		3,758,708
4.00%, 04/15/30 (Call 02/15/30)(a)		3,441		3,335,643

Security	Par (000)		Value
Retail (continued)
4.10%, 04/15/33 (Call 01/15/33)	$	8,175	$	7,789,637
4.15%, 09/09/32 (Call 06/09/32)(a)		6,930		6,685,271
7.55%, 02/15/30(a)		2,695		3,121,742
				314,792,371
Savings & Loans — 0.0%
Nationwide Building Society, 3.96%, 07/18/30 (Call 07/18/29), (3-mo. LIBOR US + 1.855%)(b)(c)		5,216		4,773,067
Semiconductors — 2.8%
Advanced Micro Devices Inc., 3.92%, 06/01/32 (Call 03/01/32)(a)		3,101		2,899,139
Analog Devices Inc.
2.10%, 10/01/31 (Call 07/01/31)(a)		5,985		4,944,294
4.25%, 10/01/32 (Call 07/01/32)		200		188,838
Applied Materials Inc., 1.75%, 06/01/30 (Call 03/01/30)(a)		4,844		4,040,264
Broadcom Inc.
2.45%, 02/15/31 (Call 11/15/30)(b)		15,576		13,012,386
2.60%, 02/15/33 (Call 11/15/32)(b)		10,040		8,069,817
3.42%, 04/15/33 (Call 01/15/33)(a)(b)		13,001		11,104,046
4.00%, 04/15/29 (Call 02/15/29)(b)		3,968		3,757,142
4.15%, 11/15/30 (Call 08/15/30)		11,203		10,480,682
4.15%, 04/15/32 (Call 01/15/32)(b)		6,947		6,379,955
4.30%, 11/15/32 (Call 08/15/32)		11,619		10,759,870
4.75%, 04/15/29 (Call 01/15/29)		7,583		7,439,100
5.00%, 04/15/30 (Call 01/15/30)(a)		4,361		4,354,370
Foundry JV Holdco LLC, 5.88%, 01/25/34 (Call 10/25/33)(b)		4,455		4,432,419
Intel Corp.
2.00%, 08/12/31 (Call 05/12/31)		7,203		5,848,895
2.45%, 11/15/29 (Call 08/15/29)		11,534		10,108,898
3.90%, 03/25/30 (Call 12/25/29)		8,775		8,256,266
4.00%, 08/05/29 (Call 06/05/29)(a)		5,330		5,097,490
4.00%, 12/15/32		4,321		3,988,927
4.15%, 08/05/32 (Call 05/05/32)(a)		7,045		6,614,649
5.00%, 02/21/31 (Call 12/21/30)		2,645		2,628,186
5.13%, 02/10/30 (Call 12/10/29)		7,313		7,372,639
5.15%, 02/21/34 (Call 11/21/33)		3,020		2,989,102
5.20%, 02/10/33 (Call 11/10/32)(a)		12,495		12,508,878
KLA Corp.
4.10%, 03/15/29 (Call 12/15/28)(a)		1,486		1,442,946
4.65%, 07/15/32 (Call 04/15/32)(a)		5,787		5,642,059
4.70%, 02/01/34 (Call 11/01/33)		2,125		2,069,063
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		4,812		4,036,461
4.00%, 03/15/29 (Call 12/15/28)		5,323		5,139,090
Marvell Technology Inc.
2.95%, 04/15/31 (Call 01/15/31)(a)		4,875		4,178,367
5.95%, 09/15/33 (Call 06/15/33)(a)		4,520		4,668,670
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)		8,147		6,687,404
4.66%, 02/15/30 (Call 11/15/29)		5,205		5,035,358
5.30%, 01/15/31 (Call 11/15/30)		3,070		3,038,528
5.88%, 02/09/33 (Call 11/09/32)		3,560		3,636,757
5.88%, 09/15/33 (Call 06/15/33)(a)		4,507		4,595,189
6.75%, 11/01/29 (Call 09/01/29)		7,513		7,974,615
NVIDIA Corp.
2.00%, 06/15/31 (Call 03/15/31)(a)		7,722		6,450,014
2.85%, 04/01/30 (Call 01/01/30)		8,943		8,053,833

S C H E D U L E  O F  I N V E S T M E N T S 213

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)	$	6,212	$	5,141,627
2.65%, 02/15/32 (Call 11/15/31)		6,268		5,142,419
3.40%, 05/01/30 (Call 02/01/30)		6,386		5,724,074
4.30%, 06/18/29 (Call 03/18/29)		6,033		5,761,898
5.00%, 01/15/33 (Call 10/15/32)		5,880		5,678,232
Qorvo Inc.
3.38%, 04/01/31 (Call 04/01/26)(b)		4,145		3,492,102
4.38%, 10/15/29 (Call 10/15/24)(a)		4,948		4,603,017
QUALCOMM Inc.
1.65%, 05/20/32 (Call 02/20/32)(a)		7,252		5,661,562
2.15%, 05/20/30 (Call 02/20/30)(a)		7,437		6,369,873
4.25%, 05/20/32 (Call 02/20/32)		3,125		2,985,849
5.40%, 05/20/33 (Call 02/20/33)(a)		3,645		3,783,323
SK Hynix Inc.
2.38%, 01/19/31(b)		4,623		3,802,789
6.50%, 01/17/33(a)(b)		4,655		4,931,624
Skyworks Solutions Inc., 3.00%, 06/01/31 (Call 03/01/31)		3,009		2,520,723
Texas Instruments Inc.
1.75%, 05/04/30 (Call 02/04/30)		5,233		4,381,313
1.90%, 09/15/31 (Call 06/15/31)(a)		2,200		1,815,992
2.25%, 09/04/29 (Call 06/04/29)		4,676		4,127,785
3.65%, 08/16/32 (Call 05/16/32)(a)		2,630		2,416,568
4.85%, 02/08/34 (Call 11/08/33)(a)		1,600		1,589,459
4.90%, 03/14/33 (Call 12/14/32)		3,750		3,754,922
TSMC Arizona Corp.
2.50%, 10/25/31 (Call 07/25/31)		8,039		6,809,937
4.13%, 04/22/29 (Call 02/22/29)(a)		2,875		2,792,554
4.25%, 04/22/32 (Call 01/22/32)(a)		5,125		4,995,446
TSMC Global Ltd.
1.38%, 09/28/30 (Call 06/28/30)(a)(b)		6,173		4,955,596
2.25%, 04/23/31 (Call 01/23/31)(b)		8,095		6,801,204
4.63%, 07/22/32 (Call 04/22/32)(a)(b)		2,110		2,082,576
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30)(a)		4,834		4,185,970
				346,233,040
Shipbuilding — 0.0%
Huntington Ingalls Industries Inc., 4.20%, 05/01/30 (Call 02/01/30)(a)		2,827		2,660,863
Software — 1.9%
Adobe Inc., 2.30%, 02/01/30 (Call 11/01/29)		8,136		7,105,459
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)(a)		6,142		5,100,808
2.85%, 01/15/30 (Call 10/15/29)		3,126		2,773,839
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		6,032		5,054,245
2.90%, 12/01/29 (Call 09/01/29)		4,595		4,054,479
Concentrix Corp., 6.85%, 08/02/33 (Call 05/02/33)(a)		3,843		3,757,673
Constellation Software Inc., 5.46%, 02/16/34 (Call 11/16/33)(a)(b)		1,125		1,124,885
Electronic Arts Inc., 1.85%, 02/15/31 (Call 11/15/30)(a)		3,813		3,103,429
Fidelity National Information Services Inc.
2.25%, 03/01/31 (Call 12/01/30)(a)		7,899		6,614,699
3.75%, 05/21/29 (Call 02/21/29)(a)		3,572		3,397,215
5.10%, 07/15/32 (Call 04/15/32)(a)		4,363		4,362,622
Fiserv Inc.
2.65%, 06/01/30 (Call 03/01/30)		6,394		5,508,810
3.50%, 07/01/29 (Call 04/01/29)		18,950		17,410,555

Security	Par (000)		Value
Software (continued)
5.35%, 03/15/31 (Call 01/15/31)	$	2,675	$	2,677,335
5.45%, 03/15/34 (Call 12/15/33)		2,675		2,671,628
5.60%, 03/02/33 (Call 12/02/32)		5,492		5,541,077
5.63%, 08/21/33 (Call 05/21/33)		5,580		5,638,444
Intuit Inc.
1.65%, 07/15/30 (Call 04/15/30)		3,603		2,955,372
5.20%, 09/15/33 (Call 06/15/33)		6,391		6,457,168
Microsoft Corp., 1.35%, 09/15/30 (Call 06/15/30)(a)(b)		2,332		1,909,418
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)(a)(b)		2,390		1,959,925
3.63%, 09/01/30 (Call 03/01/25)(b)		5,360		4,727,693
3.63%, 11/01/31 (Call 11/01/26)(a)(b)		3,815		3,303,712
3.88%, 02/15/31 (Call 06/01/25)(a)(b)		5,990		5,328,394
4.00%, 11/15/29 (Call 11/15/24)(a)(b)		5,910		5,425,380
Oracle Corp.
2.88%, 03/25/31 (Call 12/25/30)		18,459		15,919,499
2.95%, 04/01/30 (Call 01/01/30)(a)		18,468		16,378,218
3.25%, 05/15/30 (Call 02/15/30)(a)		2,896		2,595,881
4.65%, 05/06/30 (Call 03/06/30)(a)		4,624		4,506,583
4.90%, 02/06/33 (Call 11/06/32)(a)		8,841		8,548,760
6.15%, 11/09/29 (Call 09/09/29)(a)		7,417		7,754,225
6.25%, 11/09/32 (Call 08/09/32)		12,953		13,682,549
Roper Technologies Inc.
1.75%, 02/15/31 (Call 11/15/30)		6,013		4,808,803
2.00%, 06/30/30 (Call 03/30/30)(a)		3,943		3,282,539
2.95%, 09/15/29 (Call 06/15/29)(a)		4,281		3,833,161
Salesforce Inc., 1.95%, 07/15/31 (Call 04/15/31)(a)		8,966		7,342,445
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30)		9,271		7,437,529
Take-Two Interactive Software Inc., 4.00%, 04/14/32 (Call 01/14/32)		3,228		2,967,788
VMware LLC
2.20%, 08/15/31 (Call 05/15/31)		8,984		7,246,838
4.70%, 05/15/30 (Call 02/15/30)(a)		4,714		4,535,725
Workday Inc.
3.70%, 04/01/29 (Call 02/01/29)		4,240		3,964,697
3.80%, 04/01/32 (Call 01/01/32)(a)		7,855		7,100,080
				239,869,584
Telecommunications — 4.2%
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)		5,656		4,963,604
3.63%, 04/22/29 (Call 01/22/29)		5,087		4,734,600
4.70%, 07/21/32 (Call 04/21/32)		4,455		4,283,285
AT&T Inc.
2.25%, 02/01/32 (Call 11/01/31)		15,089		12,100,904
2.55%, 12/01/33 (Call 09/01/33)		21,280		16,784,086
2.75%, 06/01/31 (Call 03/01/31)(a)		17,708		15,090,662
4.30%, 02/15/30 (Call 11/15/29)		18,966		18,088,029
4.35%, 03/01/29 (Call 12/01/28)(a)		4,106		3,962,426
5.40%, 02/15/34 (Call 11/15/33)		7,730		7,740,210
Bell Telephone Co. of Canada or Bell Canada
5.10%, 05/11/33 (Call 02/11/33)(a)		4,835		4,773,806
5.20%, 02/15/34 (Call 11/15/33)		3,195		3,152,511
Series US-5, 2.15%, 02/15/32 (Call 11/15/31)		2,199		1,760,875
Bharti Airtel Ltd., 3.25%, 06/03/31 (Call 03/05/31)(a)(b)		1,690		1,480,156

214 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
British Telecommunications PLC
3.25%, 11/08/29 (Call 08/08/29)(a)(b)	$	6,844	$	6,154,022
9.63%, 12/15/30		14,908		18,247,589
Cisco Systems Inc.
4.95%, 02/26/31 (Call 12/26/30)		5,850		5,852,898
5.05%, 02/26/34 (Call 11/26/33)		6,070		6,110,073
Deutsche Telekom International Finance BV
8.75%, 06/15/30		20,372		24,037,899
9.25%, 06/01/32		3,160		3,988,501
Empresa Nacional de Telecomunicaciones SA, 3.05%, 09/14/32 (Call 06/14/32)(b)		490		386,487
Juniper Networks Inc.
2.00%, 12/10/30 (Call 09/10/30)(a)		2,734		2,202,684
3.75%, 08/15/29 (Call 05/15/29)(a)		3,070		2,845,134
Koninklijke KPN NV, 8.38%, 10/01/30		5,482		6,380,232
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		5,635		4,644,580
2.75%, 05/24/31 (Call 02/24/31)		5,512		4,602,330
4.60%, 05/23/29 (Call 02/23/29)(a)		4,741		4,606,725
5.60%, 06/01/32 (Call 03/01/32)(a)		3,802		3,811,669
NBN Co. Ltd.
2.50%, 01/08/32 (Call 10/08/31)(a)(b)		3,590		2,957,951
2.63%, 05/05/31 (Call 02/05/31)(a)(b)		7,113		6,019,575
6.00%, 10/06/33 (Call 07/06/33)(a)(b)		5,045		5,362,343
NTT Finance Corp., 2.07%, 04/03/31 (Call 01/03/31)(b)		5,224		4,295,725
Ooredoo International Finance Ltd., 2.63%, 04/08/31(a)(b)		5,585		4,783,888
Orange SA, 9.00%, 03/01/31		14,941		18,060,494
Rogers Communications Inc.
3.80%, 03/15/32 (Call 12/15/31)		10,995		9,771,443
5.30%, 02/15/34 (Call 11/15/33)(a)		580		569,259
Saudi Telecom Co., 3.89%, 05/13/29(b)		5,615		5,326,296
Sprint Capital Corp., 8.75%, 03/15/32		11,506		13,896,061
Telefonica Europe BV, 8.25%, 09/15/30(a)		13,696		15,570,214
Telefonica Moviles Chile SA, 3.54%, 11/18/31 (Call 08/18/31)(b)		1,270		943,614
TELUS Corp., 3.40%, 05/13/32 (Call 02/13/32)		5,552		4,818,794
T-Mobile USA Inc.
2.25%, 11/15/31 (Call 08/15/31)		5,763		4,675,723
2.40%, 03/15/29 (Call 01/15/29)		2,234		1,967,769
2.55%, 02/15/31 (Call 11/15/30)(a)		14,374		12,119,146
2.70%, 03/15/32 (Call 12/15/31)(a)		5,877		4,891,340
2.88%, 02/15/31 (Call 02/15/26)		6,390		5,495,955
3.38%, 04/15/29 (Call 04/15/24)		12,915		11,840,760
3.50%, 04/15/31 (Call 04/15/26)(a)		14,013		12,503,713
3.88%, 04/15/30 (Call 01/15/30)		39,464		36,631,115
5.05%, 07/15/33 (Call 04/15/33)(a)		14,562		14,242,440
5.15%, 04/15/34 (Call 01/15/34)		1,620		1,595,179
5.20%, 01/15/33 (Call 10/15/32)		7,046		7,004,102
5.75%, 01/15/34 (Call 10/15/33)		1,285		1,322,671
Verizon Communications Inc.
1.50%, 09/18/30 (Call 06/18/30)(a)		6,787		5,448,486
1.68%, 10/30/30 (Call 07/30/30)		6,814		5,493,269
1.75%, 01/20/31 (Call 10/20/30)		12,630		10,129,318
2.36%, 03/15/32 (Call 12/15/31)		25,960		21,048,069
2.55%, 03/21/31 (Call 12/21/30)		20,757		17,494,546
3.15%, 03/22/30 (Call 12/22/29)		8,726		7,802,771
4.02%, 12/03/29 (Call 09/03/29)		22,212		21,047,456
4.50%, 08/10/33(a)		6,683		6,306,777
5.05%, 05/09/33 (Call 02/09/33)(a)		11,453		11,341,678

Security	Par (000)		Value
Telecommunications (continued)
6.40%, 09/15/33	$	3,300	$	3,549,598
7.75%, 12/01/30(a)		3,384		3,867,476
Vodafone Group PLC
6.25%, 11/30/32(a)		3,635		3,857,319
7.88%, 02/15/30		8,012		9,090,137
Xiaomi Best Time International Ltd.
2.88%, 07/14/31 (Call 04/14/31)(a)(b)		3,670		3,020,552
3.38%, 04/29/30 (Call 01/29/30)(a)(b)		2,390		2,085,553
				531,034,552
Toys, Games & Hobbies — 0.0%
Hasbro Inc., 3.90%, 11/19/29 (Call 08/19/29)(a)		5,295		4,852,575
Mattel Inc., 3.75%, 04/01/29 (Call 04/01/24)(a)(b)		1,970		1,799,180
				6,651,755
Transportation — 1.1%
AP Moller - Maersk A/S
4.50%, 06/20/29 (Call 03/20/29)(a)(b)		3,251		3,180,683
5.88%, 09/14/33 (Call 06/14/33)(b)		4,643		4,676,558
Burlington Northern Santa Fe LLC, 7.95%, 08/15/30(a)		855		993,002
Canadian National Railway Co.
3.85%, 08/05/32 (Call 05/05/32)		4,935		4,538,606
5.85%, 11/01/33 (Call 08/01/33)		1,285		1,364,922
Canadian Pacific Railway Co.
2.05%, 03/05/30 (Call 12/05/29)		3,600		3,035,261
2.45%, 12/02/31 (Call 09/02/31)(a)		8,818		7,841,761
2.88%, 11/15/29 (Call 08/15/29)(a)		3,113		2,766,995
5.75%, 03/15/33(a)		260		266,927
7.13%, 10/15/31(a)		1,832		2,046,479
CSX Corp.
2.40%, 02/15/30 (Call 11/15/29)		2,907		2,525,537
4.10%, 11/15/32 (Call 08/15/32)(a)		5,673		5,300,410
5.20%, 11/15/33 (Call 08/15/33)(a)		5,180		5,216,057
Empresa de Transporte de Pasajeros Metro SA, 3.65%, 05/07/30 (Call 02/07/30)(a)(b)		2,850		2,592,205
FedEx Corp.
2.40%, 05/15/31 (Call 02/15/31)(a)		6,263		5,230,944
3.10%, 08/05/29 (Call 05/05/29)		6,115		5,548,670
4.25%, 05/15/30 (Call 02/15/30)(a)		4,879		4,653,760
4.90%, 01/15/34(a)		600		584,319
Norfolk Southern Corp.
2.30%, 05/15/31 (Call 02/15/31)(a)		3,286		2,742,641
2.55%, 11/01/29 (Call 08/01/29)		2,856		2,511,722
3.00%, 03/15/32 (Call 12/15/31)(a)		3,823		3,287,750
4.45%, 03/01/33 (Call 12/01/32)(a)		3,313		3,157,404
5.05%, 08/01/30 (Call 06/01/30)		4,020		4,015,499
5.55%, 03/15/34 (Call 12/15/33)		2,605		2,674,383
7.25%, 02/15/31(a)		235		258,523
Ryder System Inc., 6.60%, 12/01/33 (Call 09/01/33)(a)		1,480		1,584,649
TTX Co., 5.75%, 11/22/33 (Call 08/22/33)(a)(b)		1,130		1,181,967
Union Pacific Corp.
2.38%, 05/20/31 (Call 02/20/31)(a)		6,048		5,110,138
2.40%, 02/05/30 (Call 11/05/29)		4,823		4,204,431
2.80%, 02/14/32 (Call 12/15/31)(a)		7,388		6,341,059
3.70%, 03/01/29 (Call 12/01/28)(a)		4,696		4,479,262
4.50%, 01/20/33 (Call 10/20/32)(a)		5,515		5,348,212
United Parcel Service Inc.
2.50%, 09/01/29 (Call 06/01/29)		2,768		2,467,175
3.40%, 03/15/29 (Call 12/15/28)(a)		1,384		1,308,081

S C H E D U L E  O F  I N V E S T M E N T S 215

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
4.45%, 04/01/30 (Call 01/01/30)(a)	$	4,680	$	4,606,603
4.88%, 03/03/33 (Call 12/03/32)(a)		5,758		5,709,245
United Parcel Service of America Inc., 7.62%, 04/01/30(e)		836		941,779
Walmart Inc., 1.80%, 09/22/31 (Call 06/22/31)		10,738		8,805,288
				133,098,907
Trucking & Leasing — 0.2%
GATX Corp.
1.90%, 06/01/31 (Call 03/01/31)(a)		2,262		1,773,319
3.50%, 06/01/32 (Call 03/01/32)(a)		2,277		1,969,258
4.00%, 06/30/30 (Call 03/30/30)		2,543		2,355,362
4.70%, 04/01/29 (Call 01/01/29)(a)		2,676		2,616,124
4.90%, 03/15/33 (Call 12/15/32)(a)		1,922		1,830,456
5.45%, 09/15/33 (Call 06/15/33)(a)		1,855		1,844,297
Penske Truck Leasing Co. LP/PTL Finance Corp.
3.35%, 11/01/29 (Call 08/01/29)(b)		1,982		1,763,627
6.20%, 06/15/30 (Call 04/15/30)(b)		3,550		3,677,108
SMBC Aviation Capital Finance DAC, 5.70%, 07/25/33 (Call 04/25/33)(a)(b)		5,888		5,887,499
				23,717,050
Water — 0.2%
American Water Capital Corp.
2.30%, 06/01/31 (Call 03/01/31)		2,950		2,444,640
2.80%, 05/01/30 (Call 02/01/30)		3,390		2,975,048
3.45%, 06/01/29 (Call 03/01/29)(a)		2,912		2,707,813
4.45%, 06/01/32 (Call 03/01/32)(a)		4,960		4,744,384
5.15%, 03/01/34 (Call 12/01/33)		2,700		2,677,592
Essential Utilities Inc.
2.40%, 05/01/31 (Call 02/01/31)(a)		3,343		2,743,245
2.70%, 04/15/30 (Call 01/15/30)(a)		2,634		2,266,710
3.57%, 05/01/29 (Call 02/01/29)(a)		1,937		1,796,097
5.38%, 01/15/34 (Call 10/15/33)		1,810		1,780,001
				24,135,530
Total Corporate Bonds & Notes — 98.4% (Cost: $13,311,681,668)				12,347,796,947
Foreign Government Obligations(f)
South Korea — 0.1%
Korea Gas Corp., 2.00%, 07/13/31(b)		2,620		2,128,185
Korea Housing Finance Corp., 4.63%, 02/24/33(b)		2,560		2,469,680

Security	Par (000)		Value
South Korea (continued)
Korea National Oil Corp.
2.38%, 04/07/31(b)	$	1,900	$	1,595,718
2.63%, 04/18/32(b)		3,270		2,717,473
				8,911,056
Total Foreign Government Obligations — 0.1% (Cost: $9,858,391)				8,911,056
Total Long-Term Investments — 98.5% (Cost: $13,321,540,059)				12,356,708,003
	Shares
Short-Term Securities
Money Market Funds — 14.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(g)(h)(i)		1,730,932,354		1,731,797,820
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(g)(h)		58,470,000		58,470,000
Total Short-Term Securities — 14.3% (Cost: $1,789,642,318)				1,790,267,820
Total Investments — 112.8% (Cost: $15,111,182,377)				14,146,975,823
Liabilities in Excess of Other Assets — (12.8)%				(1,607,375,229	)
Net Assets — 100.0%			$	12,539,600,594

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

^(b)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(d)  Perpetual security with no stated maturity date.

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

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

^(g)  Affiliate of the Fund.

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

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

216 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 5-10 Year Investment Grade Corporate Bond ETF

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

	Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)					Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
	BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,290,306,207	$	441,696,772	(a)	$	—	$	(95,544	)			$	(109,615	)	$	1,731,797,820		1,730,932,354	$	5,874,822	(b)	$	—
	BlackRock Cash Funds: Treasury, SL Agency Shares		19,842,000		38,628,000	(a)		—		—					—			58,470,000		58,470,000		2,297,629			—
									$	(95,544	)			$	(109,615	)	$	1,790,267,820			$	8,172,451		$	—

^(a)  Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	12,347,796,947	$	—	$	12,347,796,947
Foreign Government Obligations		—		8,911,056		—		8,911,056
Short-Term Securities
Money Market Funds		1,790,267,820		—		—		1,790,267,820
	$	1,790,267,820	$	12,356,708,003	$	—	$	14,146,975,823

See notes to financial statements.

S C H E D U L E  O F  I N V E S T M E N T S 217

Schedule of Investments February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.0%
Interpublic Group of Companies Inc. (The)
3.38%, 03/01/41 (Call 09/01/40)(a)	$	217	$	159,255
5.40%, 10/01/48 (Call 04/01/48)		278		257,254
				416,509
Aerospace & Defense — 2.5%
Airbus SE, 3.95%, 04/10/47 (Call 10/10/46)(a)(b)		465		381,669
BAE Systems Holdings Inc., 4.75%, 10/07/44(b)		194		172,713
BAE Systems PLC
3.00%, 09/15/50 (Call 03/15/50)(b)		257		172,272
5.80%, 10/11/41(b)		772		778,564
Boeing Co. (The)
3.25%, 02/01/35 (Call 11/01/34)		765		615,037
3.30%, 03/01/35 (Call 09/01/34)		349		272,999
3.38%, 06/15/46 (Call 12/15/45)(a)		387		262,712
3.50%, 03/01/39 (Call 09/01/38)		157		119,091
3.50%, 03/01/45 (Call 09/01/44)		358		246,288
3.55%, 03/01/38 (Call 09/01/37)		413		319,581
3.60%, 05/01/34 (Call 02/01/34)		379		318,563
3.63%, 03/01/48 (Call 09/01/47)(a)		315		218,221
3.65%, 03/01/47 (Call 09/01/46)(a)		242		170,185
3.75%, 02/01/50 (Call 08/01/49)(a)		1,080		766,755
3.83%, 03/01/59 (Call 09/01/58)		283		196,444
3.85%, 11/01/48 (Call 05/01/48)		290		210,288
3.90%, 05/01/49 (Call 11/01/48)		799		589,743
3.95%, 08/01/59 (Call 02/01/59)(a)		1,097		781,912
5.71%, 05/01/40 (Call 11/01/39)		2,453		2,389,484
5.81%, 05/01/50 (Call 11/01/49)(a)		4,619		4,452,163
5.88%, 02/15/40(a)		412		405,877
5.93%, 05/01/60 (Call 11/01/59)		3,021		2,892,270
6.63%, 02/15/38(a)		226		239,974
6.88%, 03/15/39		392		425,564
General Dynamics Corp.
2.85%, 06/01/41 (Call 12/01/40)		227		164,477
3.60%, 11/15/42 (Call 05/15/42)		634		506,310
4.25%, 04/01/40 (Call 10/01/39)		569		505,901
4.25%, 04/01/50 (Call 10/01/49)		608		524,346
Howmet Aerospace Inc., 5.95%, 02/01/37(a)		630		639,703
L3Harris Technologies Inc.
4.85%, 04/27/35 (Call 10/27/34)		293		278,527
5.05%, 04/27/45 (Call 10/27/44)		382		357,903
5.60%, 07/31/53 (Call 01/31/53)		419		422,395
6.15%, 12/15/40		490		514,714
Lockheed Martin Corp.
2.80%, 06/15/50 (Call 12/15/49)		751		496,565
3.60%, 03/01/35 (Call 09/01/34)		915		800,820
3.80%, 03/01/45 (Call 09/01/44)		904		732,417
4.07%, 12/15/42		1,123		961,772
4.09%, 09/15/52 (Call 03/15/52)		1,295		1,076,653
4.15%, 06/15/53 (Call 12/15/52)		640		531,016
4.30%, 06/15/62 (Call 12/15/61)		499		417,804
4.50%, 05/15/36 (Call 11/15/35)		377		356,385
4.70%, 05/15/46 (Call 11/15/45)		1,082		997,205
4.80%, 08/15/34 (Call 05/15/34)		400		391,135
5.20%, 02/15/55 (Call 08/15/54)		540		530,430
5.20%, 02/15/64 (Call 08/15/63)		290		283,212
5.70%, 11/15/54 (Call 05/15/54)(a)		827		872,935
5.72%, 06/01/40		333		348,847
5.90%, 11/15/63 (Call 05/15/63)		595		647,776
Series B, 6.15%, 09/01/36		660		714,288

Security	Par (000)		Value
Aerospace & Defense (continued)
Northrop Grumman Corp.
3.85%, 04/15/45 (Call 10/15/44)	$	659	$	523,933
4.03%, 10/15/47 (Call 04/15/47)		1,997		1,611,796
4.75%, 06/01/43		852		773,772
4.95%, 03/15/53 (Call 09/15/52)(a)		828		765,232
5.05%, 11/15/40		255		244,406
5.15%, 05/01/40 (Call 11/01/39)		122		118,432
5.20%, 06/01/54 (Call 12/01/53)		1,000		959,197
5.25%, 05/01/50 (Call 11/01/49)		838		807,941
RTX Corp.
2.82%, 09/01/51 (Call 03/01/51)		901		563,399
3.03%, 03/15/52 (Call 09/15/51)		1,089		711,888
3.13%, 07/01/50 (Call 01/01/50)(a)		985		662,532
3.75%, 11/01/46 (Call 05/01/46)		1,120		854,901
4.05%, 05/04/47 (Call 11/04/46)		619		495,996
4.15%, 05/15/45 (Call 11/16/44)		788		646,623
4.20%, 12/15/44 (Call 06/15/44)(a)		335		265,227
4.35%, 04/15/47 (Call 10/15/46)		953		797,757
4.45%, 11/16/38 (Call 05/16/38)		513		457,282
4.50%, 06/01/42		3,150		2,754,075
4.63%, 11/16/48 (Call 05/16/48)		1,592		1,391,082
4.70%, 12/15/41		300		268,111
4.80%, 12/15/43 (Call 06/15/43)		124		111,608
4.88%, 10/15/40		277		255,563
5.38%, 02/27/53 (Call 08/27/52)(a)		1,265		1,227,081
5.40%, 05/01/35		230		231,718
5.70%, 04/15/40		440		441,454
6.05%, 06/01/36		470		489,404
6.13%, 07/15/38(a)		575		606,141
6.40%, 03/15/54 (Call 09/15/53)(a)		1,525		1,688,176
				52,196,632
Agriculture — 1.4%
Altria Group Inc.
3.40%, 02/04/41 (Call 08/04/40)		1,164		837,079
3.70%, 02/04/51 (Call 08/04/50)		1,304		887,827
3.88%, 09/16/46 (Call 03/16/46)		1,176		865,221
4.00%, 02/04/61 (Call 08/04/60)		839		603,661
4.25%, 08/09/42		772		618,883
4.45%, 05/06/50 (Call 11/06/49)		507		399,826
4.50%, 05/02/43(a)		599		497,287
5.38%, 01/31/44(a)		1,554		1,510,288
5.80%, 02/14/39 (Call 08/14/38)(a)		1,496		1,491,814
5.95%, 02/14/49 (Call 08/14/48)(a)		2,164		2,155,742
6.20%, 02/14/59 (Call 08/14/58)		226		229,654
Archer-Daniels-Midland Co.
2.70%, 09/15/51 (Call 03/15/51)		450		284,603
3.75%, 09/15/47 (Call 03/15/47)		239		181,131
4.02%, 04/16/43(a)		328		268,936
4.50%, 03/15/49 (Call 09/15/48)(a)		304		264,184
4.54%, 03/26/42(a)		386		344,707
5.38%, 09/15/35		750		748,930
5.77%, 03/01/41(c)		169		170,971
BAT Capital Corp.
3.73%, 09/25/40 (Call 03/25/40)		513		373,102
3.98%, 09/25/50 (Call 03/25/50)		1,023		698,236
4.39%, 08/15/37 (Call 02/15/37)		2,057		1,686,950
4.54%, 08/15/47 (Call 02/15/47)		2,013		1,509,798
4.76%, 09/06/49 (Call 03/06/49)		952		736,505
5.28%, 04/02/50 (Call 10/02/49)		375		310,925
5.65%, 03/16/52 (Call 09/16/51)		483		424,260
7.08%, 08/02/43 (Call 02/02/43)		657		684,656

218 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Agriculture (continued)
7.08%, 08/02/53 (Call 02/02/53)	$	1,037	$	1,073,523
Cargill Inc.
3.13%, 05/25/51 (Call 11/25/50)(a)(b)		665		456,711
3.88%, 05/23/49 (Call 11/23/48)(b)		258		203,108
4.38%, 04/22/52 (Call 10/22/51)(a)(b)		486		420,317
4.76%, 11/23/45(a)(b)		484		443,329
Philip Morris International Inc.
3.88%, 08/21/42		639		503,998
4.13%, 03/04/43		658		538,461
4.25%, 11/10/44		1,115		919,370
4.38%, 11/15/41		658		559,320
4.50%, 03/20/42		662		572,093
4.88%, 11/15/43		661		594,970
6.38%, 05/16/38		1,378		1,486,794
Reynolds American Inc.
5.70%, 08/15/35 (Call 02/15/35)		618		590,311
5.85%, 08/15/45 (Call 02/15/45)		1,844		1,675,281
6.15%, 09/15/43		531		513,500
7.25%, 06/15/37		476		509,234
				29,845,496
Apparel — 0.2%
NIKE Inc.
3.25%, 03/27/40 (Call 09/27/39)		529		420,312
3.38%, 11/01/46 (Call 05/01/46)		594		451,235
3.38%, 03/27/50 (Call 09/27/49)(a)		1,337		1,014,603
3.63%, 05/01/43 (Call 11/01/42)		800		654,215
3.88%, 11/01/45 (Call 05/01/45)		898		743,389
VF Corp., 6.45%, 11/01/37(a)		245		237,523
				3,521,277
Auto Manufacturers — 0.5%
Cummins Inc.
2.60%, 09/01/50 (Call 03/01/50)(a)		269		169,383
4.88%, 10/01/43 (Call 04/01/43)		462		437,237
5.45%, 02/20/54 (Call 08/20/53)		235		236,289
Ford Motor Co.
4.75%, 01/15/43(a)		1,760		1,423,870
5.29%, 12/08/46 (Call 06/08/46)(a)		1,113		962,491
7.40%, 11/01/46		425		455,931
General Motors Co.
5.00%, 04/01/35		644		601,729
5.15%, 04/01/38 (Call 10/01/37)		799		740,155
5.20%, 04/01/45		1,096		967,342
5.40%, 04/01/48 (Call 10/01/47)		692		619,616
5.95%, 04/01/49 (Call 10/01/48)(a)		825		794,692
6.25%, 10/02/43		1,169		1,174,043
6.60%, 04/01/36 (Call 10/01/35)(a)		1,245		1,309,910
6.75%, 04/01/46 (Call 10/01/45)(a)		682		721,295
				10,613,983
Auto Parts & Equipment — 0.1%
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)(a)		1,304		818,332
4.40%, 10/01/46 (Call 04/01/46)		125		97,112
5.40%, 03/15/49 (Call 09/15/48)(a)		230		206,541
Aptiv PLC/Aptiv Corp., 4.15%, 05/01/52 (Call 11/01/51)		872		667,179
BorgWarner Inc., 4.38%, 03/15/45 (Call 09/15/44)(a)		240		195,474

Security	Par (000)		Value
Auto Parts & Equipment (continued)
Lear Corp.
3.55%, 01/15/52 (Call 07/15/51)	$	235	$	159,665
5.25%, 05/15/49 (Call 11/15/48)(a)		407		366,482
				2,510,785
Banks — 7.6%
Bank of America Corp.
2.68%, 06/19/41 (Call 06/19/40), (1-day SOFR + 1.930%)(d)		4,213		2,933,480
2.83%, 10/24/51 (Call 10/24/50), (1-day SOFR + 1.880%)(d)		1,069		685,379
2.97%, 07/21/52 (Call 07/21/51), (1-day SOFR + 1.560%)(a)(d)		1,437		956,123
3.31%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.580%)(d)		2,674		2,024,949
3.95%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.452%)(d)		1,102		892,728
4.08%, 04/23/40 (Call 04/23/39), (3-mo. SOFR + 1.582%)(d)		1,292		1,103,994
4.08%, 03/20/51 (Call 03/20/50), (3-mo. SOFR + 3.412%)(d)		4,249		3,429,789
4.24%, 04/24/38 (Call 04/24/37), (3-mo. SOFR + 2.076%)(d)		1,418		1,257,900
4.33%, 03/15/50 (Call 03/15/49), (3-mo. SOFR + 1.782%)(d)		1,803		1,533,942
4.44%, 01/20/48 (Call 01/20/47), (3-mo. SOFR + 2.252%)(d)		1,739		1,506,519
4.88%, 04/01/44		417		394,282
5.00%, 01/21/44		1,615		1,545,564
5.88%, 02/07/42		1,279		1,347,807
6.11%, 01/29/37		1,572		1,648,295
7.75%, 05/14/38		1,392		1,671,193
Series L, 4.75%, 04/21/45		588		533,917
Series N, 3.48%, 03/13/52 (Call 03/13/51), (1-day SOFR + 1.650%)(d)		939		689,393
Bank of America NA, 6.00%, 10/15/36		1,056		1,101,893
Barclays PLC
3.33%, 11/24/42 (Call 11/24/41), (1-year CMT + 1.300%)(d)		712		515,451
3.81%, 03/10/42 (Call 03/10/41), (1-year CMT + 1.700%)(a)(d)		710		532,427
4.95%, 01/10/47(a)		1,451		1,319,042
5.25%, 08/17/45(a)		1,558		1,489,189
BNP Paribas SA, 2.82%, 01/26/41(a)(b)		694		468,321
BPCE SA, 3.58%, 10/19/42 (Call 10/19/41), (1-day SOFR + 1.952%)(a)(b)(d)		309		218,208
Citigroup Inc.
2.90%, 11/03/42 (Call 11/03/41), (1-day SOFR + 1.379%)(d)		943		668,742
3.88%, 01/24/39 (Call 01/24/38), (3-mo. SOFR + 1.430%)(d)		425		357,653
4.28%, 04/24/48 (Call 04/24/47), (3-mo. SOFR + 2.101%)(d)		1,085		920,682
4.65%, 07/30/45		1,104		992,919
4.65%, 07/23/48 (Call 06/23/48)		2,292		2,039,720
4.75%, 05/18/46		1,848		1,626,575
5.30%, 05/06/44		769		734,358
5.32%, 03/26/41 (Call 03/26/40), (1-day SOFR + 4.548%)(d)		1,109		1,084,506
5.88%, 01/30/42(a)		819		860,115
6.13%, 08/25/36		468		480,487
6.68%, 09/13/43		895		987,423

S C H E D U L E  O F  I N V E S T M E N T S 219

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
6.88%, 03/05/38	$	189	$	204,564
6.88%, 02/15/98		129		147,508
8.13%, 07/15/39		1,618		2,054,678
Commonwealth Bank of Australia
3.31%, 03/11/41(a)(b)		962		689,551
3.74%, 09/12/39(a)(b)		900		706,694
3.90%, 07/12/47(b)		1,179		967,785
4.32%, 01/10/48(a)(b)		1,002		804,408
Cooperatieve Rabobank UA
5.25%, 05/24/41		1,200		1,212,728
5.25%, 08/04/45		307		297,947
5.75%, 12/01/43		1,243		1,250,613
5.80%, (a)(b)		220		197,997
Credit Agricole SA, 2.81%, 01/11/41(b)		884		593,601
Fifth Third Bancorp., 8.25%, 03/01/38		603		712,976
Goldman Sachs Group Inc. (The)
2.91%, 07/21/42 (Call 07/21/41), (1-day SOFR + 1.472%)(d)		1,136		805,196
3.21%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.513%)(d)		1,893		1,408,601
3.44%, 02/24/43 (Call 02/24/42), (1-day SOFR + 1.632%)(a)(d)		1,591		1,210,290
4.02%, 10/31/38 (Call 10/31/37), (3-mo. SOFR + 1.635%)(d)		1,810		1,546,406
4.41%, 04/23/39 (Call 04/23/38), (3-mo. SOFR + 1.692%)(d)		1,116		987,566
4.75%, 10/21/45 (Call 04/21/45)		1,635		1,493,927
4.80%, 07/08/44 (Call 01/08/44)		1,738		1,587,414
5.15%, 05/22/45(a)		1,891		1,804,692
6.25%, 02/01/41		2,087		2,246,587
6.45%, 05/01/36(a)		701		746,830
6.75%, 10/01/37		4,249		4,618,456
HSBC Bank USA NA, 7.00%, 01/15/39		765		875,091
HSBC Bank USA NA/New York, 5.63%, 08/15/35		331		324,449
HSBC Holdings PLC
5.25%, 03/14/44(a)		1,131		1,076,880
6.10%, 01/14/42(a)		748		819,913
6.33%, 03/09/44 (Call 03/09/43), (1-day SOFR + 2.650%)(d)		2,323		2,442,325
6.50%, 05/02/36		1,707		1,782,413
6.50%, 09/15/37(a)		1,420		1,495,392
6.50%, 09/15/37		824		844,440
6.80%, 06/01/38 (a)		940		999,900
HSBC USA Inc., 7.20%, 07/15/97		252		301,084
Intesa Sanpaolo SpA
7.78%, 06/20/54 (Call 06/20/53), (1-year CMT + 3.900%)(b)(d)		1,285		1,298,352
7.80%, 11/28/53(b)		1,285		1,388,230
JPMorgan Chase & Co.
2.53%, 11/19/41 (Call 11/19/40), (3-mo. SOFR + 1.510%)(a)(d)		1,409		968,202
3.11%, 04/22/41 (Call 04/22/40), (3-mo. SOFR + 2.460%)(d)		1,331		1,001,396
3.11%, 04/22/51 (Call 04/22/50), (1-day SOFR + 2.440%)(d)		1,938		1,329,928
3.16%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.460%)(d)		1,690		1,267,178
3.33%, 04/22/52 (Call 04/22/51), (1-day SOFR + 1.580%)(d)		2,700		1,916,744
3.88%, 07/24/38 (Call 07/24/37), (3-mo. SOFR + 1.622%)(d)		2,086		1,779,335

Security	Par (000)		Value
Banks (continued)
3.90%, 01/23/49 (Call 01/23/48), (3-mo. SOFR + 1.482%)(d)	$	1,747	$	1,394,998
3.96%, 11/15/48 (Call 11/15/47), (3-mo. SOFR + 1.642%)(d)		3,009		2,415,416
4.03%, 07/24/48 (Call 07/24/47), (3-mo. SOFR + 1.722%)(d)		1,437		1,168,164
4.26%, 02/22/48 (Call 02/22/47), (3-mo. SOFR + 1.842%)(d)		1,883		1,600,090
4.85%, 02/01/44		818		768,111
4.95%, 06/01/45(a)		1,584		1,487,187
5.40%, 01/06/42		1,027		1,039,768
5.50%, 10/15/40		1,109		1,133,948
5.60%, 07/15/41(a)		1,467		1,513,566
5.63%, 08/16/43(a)		1,008		1,034,515
6.40%, 05/15/38		2,082		2,322,825
Lloyds Banking Group PLC
3.37%, 12/14/46 (Call 09/14/41), (5-year CMT + 1.500%)(d)		725		492,993
4.34%, 01/09/48		1,242		978,123
5.30%, 12/01/45(a)		612		570,395
Mitsubishi UFJ Financial Group Inc.
3.75%, 07/18/39		1,226		1,045,352
4.15%, 03/07/39		309		278,208
4.29%, 07/26/38(a)		199		184,249
Morgan Stanley
2.80%, 01/25/52 (Call 01/25/51), (1-day SOFR + 1.430%)(a)(d)		1,855		1,192,707
3.22%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.485%)(d)		1,499		1,126,963
3.97%, 07/22/38 (Call 07/22/37)(d)		1,307		1,115,065
4.30%, 01/27/45		2,279		1,975,088
4.38%, 01/22/47		1,988		1,715,494
4.46%, 04/22/39 (Call 04/22/38), (3-mo. SOFR + 1.693%)(d)		619		556,011
5.60%, 03/24/51 (Call 03/24/50), (1-day SOFR + 4.840%)(a)(d)		1,839		1,909,418
6.38%, 07/24/42		1,627		1,809,604
MUFG Bank Ltd., 4.70%, 03/10/44(b)		105		94,057
National Australia Bank Ltd., 2.65%, 01/14/41(b)		579		374,180
Regions Bank/Birmingham AL, 6.45%, 06/26/37		402		407,966
Regions Financial Corp., 7.38%, 12/10/37(a)		200		224,187
Societe Generale SA
3.63%, 03/01/41(a)(b)		754		504,883
4.03%, 01/21/43 (Call 01/21/42), (1-year CMT + 1.900%)(b)(d)		535		372,441
5.63%, 11/24/45(a)(b)		210		180,490
7.13%, 01/19/55 (Call 01/19/54), (1-year CMT + 2.950%)(b)(d)		795		771,590
7.37%, 01/10/53(a)(b)		1,017		1,040,894
Standard Chartered PLC
5.30%, 01/09/43(a)(b)		697		628,385
5.70%, 03/26/44(b)		1,191		1,164,231
Sumitomo Mitsui Financial Group Inc.
2.30%, 01/12/41		292		196,611
2.93%, 09/17/41(a)		593		440,857
3.05%, 01/14/42		225		170,438
6.18%, 07/13/43		818		896,383
UBS AG/London, 4.50%, 06/26/48		1,106		1,012,997
UBS Group AG
3.18%, 02/11/43 (Call 02/11/42), (1-year CMT + 1.100%)(b)(d)		1,342		966,202

220 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.88%, 05/15/45(a)	$	1,851	$	1,700,873
5.70%, 02/08/35 (Call 02/08/34), (1-year CMT + 1.770%)(b)(d)		800		791,266
6.30%, 09/22/34 (Call 09/22/33), (1-year CMT + 2.000%)(b)(d)		400		413,514
Wachovia Corp.
5.50%, 08/01/35		769		754,087
7.50%, 04/15/35		221		252,653
Wells Fargo & Co.
3.07%, 04/30/41 (Call 04/30/40), (1-day SOFR + 2.530%)(d)		2,767		2,043,365
3.90%, 05/01/45(a)		1,852		1,482,221
4.40%, 06/14/46		1,960		1,614,314
4.61%, 04/25/53 (Call 04/25/52), (1-day SOFR + 2.130%)(d)		2,355		2,053,096
4.65%, 11/04/44		1,585		1,368,664
4.75%, 12/07/46		1,770		1,530,159
4.90%, 11/17/45		1,754		1,554,869
5.01%, 04/04/51 (Call 04/04/50), (3-mo. SOFR + 4.502%)(d)		4,388		4,057,558
5.38%, 02/07/35(a)		500		504,968
5.38%, 11/02/43		1,485		1,419,793
5.61%, 01/15/44		1,932		1,874,369
5.95%, 12/01/86 (Call 12/15/36)		304		309,697
Wells Fargo Bank NA
5.85%, 02/01/37		900		920,443
5.95%, 08/26/36		445		455,355
6.60%, 01/15/38		1,225		1,320,035
Westpac Banking Corp.
2.96%, 11/16/40(a)		757		517,211
3.13%, 11/18/41		814		563,498
4.42%, 07/24/39		710		616,214
				159,154,504
Beverages — 2.6%
Anheuser-Busch Companies LLC/ Anheuser-Busch InBev Worldwide Inc.
4.70%, 02/01/36 (Call 08/01/35)		4,626		4,427,593
4.90%, 02/01/46 (Call 08/01/45)		7,957		7,356,213
Anheuser-Busch InBev Finance Inc.
4.63%, 02/01/44		695		627,037
4.70%, 02/01/36 (Call 08/01/35)		715		684,334
4.90%, 02/01/46 (Call 08/01/45)		1,637		1,513,400
Anheuser-Busch InBev Worldwide Inc.
3.75%, 07/15/42(a)		165		134,134
4.35%, 06/01/40 (Call 12/01/39)		918		822,006
4.38%, 04/15/38 (Call 10/15/37)		1,268		1,159,541
4.44%, 10/06/48 (Call 04/06/48)		2,087		1,826,739
4.50%, 06/01/50 (Call 12/01/49)		50		45,075
4.60%, 04/15/48 (Call 10/15/47)		746		670,341
4.75%, 04/15/58 (Call 10/15/57)(a)		878		797,104
4.95%, 01/15/42		1,170		1,116,022
5.45%, 01/23/39 (Call 07/23/38)		1,835		1,866,056
5.55%, 01/23/49 (Call 07/23/48)		3,121		3,199,526
5.80%, 01/23/59 (Call 07/23/58)		1,779		1,888,528
5.88%, 06/15/35		430		455,524
8.00%, 11/15/39		404		507,871
8.20%, 01/15/39		1,148		1,479,102
Bacardi Ltd.
5.15%, 05/15/38 (Call 11/15/37)(b)		252		237,944
5.30%, 05/15/48 (Call 11/15/47)(a)(b)		543		505,650

Security	Par (000)		Value
Beverages (continued)
Bacardi Ltd./Bacardi-Martini BV, 5.90%, 06/15/43 (Call 12/15/42)(a)(b)	$	223	$	220,989
Brown-Forman Corp.
3.75%, 01/15/43 (Call 07/15/42)(a)		320		252,782
4.00%, 04/15/38 (Call 10/15/37)(a)		290		253,292
4.50%, 07/15/45 (Call 01/15/45)(a)		225		199,455
Coca-Cola Co. (The)
2.50%, 06/01/40		683		487,912
2.50%, 03/15/51		1,404		878,722
2.60%, 06/01/50		1,545		999,584
2.75%, 06/01/60(a)		808		512,605
2.88%, 05/05/41		612		459,079
3.00%, 03/05/51(a)		1,584		1,116,129
4.20%, 03/25/50		607		536,252
Coca-Cola Femsa SAB de CV, 5.25%, 11/26/43		239		230,394
Constellation Brands Inc.
3.75%, 05/01/50 (Call 11/01/49)		539		403,328
4.10%, 02/15/48 (Call 08/15/47)		474		380,975
4.50%, 05/09/47 (Call 11/09/46)(a)		404		340,835
5.25%, 11/15/48 (Call 05/15/48)(a)		479		453,224
Diageo Capital PLC
3.88%, 04/29/43 (Call 10/29/42)(a)		483		409,263
5.88%, 09/30/36		467		497,942
Diageo Investment Corp.
4.25%, 05/11/42(a)		460		408,957
7.45%, 04/15/35		510		600,172
Fomento Economico Mexicano SAB de CV, 3.50%, 01/16/50 (Call 07/16/49)		590		439,320
Heineken NV
4.00%, 10/01/42(b)		486		400,441
4.35%, 03/29/47 (Call 09/29/46)(a)(b)		190		166,179
Keurig Dr Pepper Inc.
3.35%, 03/15/51 (Call 09/15/50)		577		402,939
3.80%, 05/01/50 (Call 11/01/49)		777		591,082
4.42%, 12/15/46 (Call 06/15/46)		391		327,701
4.50%, 11/15/45 (Call 05/15/45)		500		431,337
4.50%, 04/15/52 (Call 10/15/51)		1,086		922,110
5.09%, 05/25/48 (Call 11/25/47)		235		220,110
Molson Coors Beverage Co.
4.20%, 07/15/46 (Call 01/15/46)		1,451		1,185,320
5.00%, 05/01/42		1,033		961,640
PepsiCo Inc.
2.63%, 10/21/41 (Call 04/21/41)		537		385,477
2.75%, 10/21/51 (Call 04/21/51)(a)		1,021		671,975
2.88%, 10/15/49 (Call 04/15/49)		1,002		692,524
3.38%, 07/29/49 (Call 01/29/49)		715		538,916
3.45%, 10/06/46 (Call 04/06/46)(a)		962		746,986
3.50%, 03/19/40 (Call 09/19/39)		65		53,190
3.60%, 08/13/42(a)		250		202,147
3.63%, 03/19/50 (Call 09/19/49)		904		713,503
3.88%, 03/19/60 (Call 09/19/59)		354		283,376
4.00%, 03/05/42(a)		512		455,002
4.00%, 05/02/47 (Call 11/02/46)		495		413,726
4.20%, 07/18/52 (Call 01/18/52)		450		391,860
4.25%, 10/22/44 (Call 04/22/44)		55		47,687
4.45%, 04/14/46 (Call 10/14/45)		794		718,660
4.60%, 07/17/45 (Call 01/17/45)		350		315,851
4.65%, 02/15/53 (Call 08/15/52)		619		576,743
4.88%, 11/01/40(a)		342		335,769
5.50%, 01/15/40(a)		100		104,331

S C H E D U L E  O F  I N V E S T M E N T S 221

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
Pernod Ricard International Finance LLC, 2.75%, 10/01/50 (Call 04/01/50)(b)	$	204	$	127,953
Pernod Ricard SA, 5.50%, 01/15/42(a)(b)		756		764,040
				55,549,526
Biotechnology — 1.8%
Amgen Inc.
2.77%, 09/01/53 (Call 03/01/53)		825		503,563
2.80%, 08/15/41 (Call 02/15/41)		737		525,574
3.00%, 01/15/52 (Call 07/15/51)(a)		863		576,496
3.15%, 02/21/40 (Call 08/21/39)		1,429		1,072,071
3.38%, 02/21/50 (Call 08/21/49)		1,928		1,383,892
4.20%, 02/22/52 (Call 08/22/51)		914		739,112
4.40%, 05/01/45 (Call 11/01/44)		2,105		1,797,113
4.40%, 02/22/62 (Call 08/22/61)		1,004		807,436
4.56%, 06/15/48 (Call 12/15/47)		1,137		985,508
4.66%, 06/15/51 (Call 12/15/50)		2,977		2,590,849
4.88%, 03/01/53 (Call 09/01/52)		830		744,729
4.95%, 10/01/41		413		384,591
5.15%, 11/15/41 (Call 05/15/41)		716		681,041
5.60%, 03/02/43 (Call 09/02/42)		2,268		2,270,473
5.65%, 06/15/42 (Call 12/15/41)		406		407,379
5.65%, 03/02/53 (Call 09/02/52)		3,483		3,481,551
5.75%, 03/15/40(a)		357		361,446
5.75%, 03/02/63 (Call 09/02/62)		2,244		2,244,208
6.38%, 06/01/37		391		418,656
6.40%, 02/01/39		310		335,173
6.90%, 06/01/38(a)		265		296,557
Baxalta Inc., 5.25%, 06/23/45 (Call 12/23/44)(a)		340		327,895
Biogen Inc.
3.15%, 05/01/50 (Call 11/01/49)		1,341		885,832
3.25%, 02/15/51 (Call 08/15/50)(a)		602		412,132
5.20%, 09/15/45 (Call 03/15/45)		881		830,350
CSL Finance PLC
4.63%, 04/27/42 (Call 10/27/41)(a)(b)		335		305,741
4.75%, 04/27/52 (Call 10/27/51)(a)(b)		929		839,922
4.95%, 04/27/62 (Call 10/27/61)(a)(b)		369		334,285
Gilead Sciences Inc.
2.60%, 10/01/40 (Call 04/01/40)		499		348,375
2.80%, 10/01/50 (Call 04/01/50)		1,324		853,263
4.00%, 09/01/36 (Call 03/01/36)		520		460,101
4.15%, 03/01/47 (Call 09/01/46)		1,513		1,250,559
4.50%, 02/01/45 (Call 08/01/44)		1,514		1,332,316
4.60%, 09/01/35 (Call 03/01/35)(a)		567		538,132
4.75%, 03/01/46 (Call 09/01/45)		1,916		1,741,659
4.80%, 04/01/44 (Call 10/01/43)		1,519		1,395,174
5.55%, 10/15/53 (Call 04/15/53)		865		881,714
5.65%, 12/01/41 (Call 06/01/41)		1,138		1,159,703
Regeneron Pharmaceuticals Inc., 2.80%, 09/15/50 (Call 03/15/50)		651		405,179
Royalty Pharma PLC
3.30%, 09/02/40 (Call 03/02/40)(a)		718		526,956
3.35%, 09/02/51 (Call 03/02/51)		621		406,455
3.55%, 09/02/50 (Call 03/02/50)(a)		878		597,667
				38,440,828
Building Materials — 0.5%
Carrier Global Corp.
3.38%, 04/05/40 (Call 10/05/39)		1,017		784,849
3.58%, 04/05/50 (Call 10/05/49)(a)		1,678		1,237,990
6.20%, 03/15/54 (Call 09/15/53)		1,355		1,478,967

Security	Par (000)		Value
Building Materials (continued)
CRH America Finance Inc.
4.40%, 05/09/47 (Call 11/09/46)(b)	$	200	$	172,045
4.50%, 04/04/48 (Call 10/04/47)(b)		408		359,450
CRH America Inc., 5.13%, 05/18/45 (Call 11/18/44)(b)		381		360,073
Fortune Brands Innovations Inc., 4.50%, 03/25/52 (Call 09/25/51)(a)		356		288,501
Holcim Capital Corp. Ltd., 6.50%, 09/12/43(b)		345		345,266
Holcim Finance U.S. LLC, 4.75%, 09/22/46 (Call 03/22/46)(b)		200		175,863
Holcim U.S. Finance Luxembourg SA, 6.88%, 09/29/39(b)		200		212,033
Johnson Controls International PLC
4.50%, 02/15/47 (Call 08/15/46)		428		367,811
4.63%, 07/02/44 (Call 01/02/44)		376		327,764
4.95%, 07/02/64 (Call 01/02/64)(c)		251		222,459
5.13%, 09/14/45 (Call 03/14/45)		329		305,682
6.00%, 01/15/36		178		187,049
Lafarge SA, 7.13%, 07/15/36		265		293,046
Martin Marietta Materials Inc.
3.20%, 07/15/51 (Call 01/15/51)		718		496,400
4.25%, 12/15/47 (Call 06/15/47)		379		314,702
Masco Corp.
3.13%, 02/15/51 (Call 08/15/50)		224		149,332
4.50%, 05/15/47 (Call 11/15/46)(a)		177		147,694
Owens Corning
4.30%, 07/15/47 (Call 01/15/47)(a)		404		331,382
4.40%, 01/30/48 (Call 07/30/47)		369		304,811
7.00%, 12/01/36		369		410,342
Trane Technologies Financing Ltd.
4.50%, 03/21/49 (Call 09/21/48)(a)		163		144,550
4.65%, 11/01/44 (Call 05/01/44)		172		154,667
Trane Technologies Global Holding Co. Ltd.
4.30%, 02/21/48 (Call 08/21/47)(a)		93		79,546
5.75%, 06/15/43		453		465,879
Votorantim Cimentos International SA, 7.25%, 04/05/41(b)		205		223,734
Vulcan Materials Co.
4.50%, 06/15/47 (Call 12/15/46)(a)		575		496,681
4.70%, 03/01/48 (Call 09/01/47)		382		341,178
				11,179,746
Chemicals — 1.6%
Air Liquide Finance SA, 3.50%, 09/27/46 (Call 03/27/46)(b)		390		306,743
Air Products and Chemicals Inc.
2.70%, 05/15/40 (Call 11/15/39)		331		238,341
2.80%, 05/15/50 (Call 11/15/49)		706		470,106
Albemarle Corp.
5.45%, 12/01/44 (Call 06/01/44)		147		133,732
5.65%, 06/01/52 (Call 12/01/51)(a)		370		333,782
CF Industries Inc.
4.95%, 06/01/43		900		800,270
5.38%, 03/15/44		599		560,042
Dow Chemical Co. (The)
3.60%, 11/15/50 (Call 05/15/50)		1,001		728,876
4.25%, 10/01/34 (Call 04/01/34)(a)		654		601,965
4.38%, 11/15/42 (Call 05/15/42)		1,116		938,684
4.63%, 10/01/44 (Call 04/01/44)		331		286,038
4.80%, 05/15/49 (Call 11/15/48)		595		519,259
5.25%, 11/15/41 (Call 05/15/41)		719		676,885
5.55%, 11/30/48 (Call 05/30/48)		789		768,148

222 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
5.60%, 02/15/54 (Call 08/15/53)	$	300	$	293,143
6.90%, 05/15/53 (Call 11/15/52)		795		910,244
9.40%, 05/15/39		526		700,147
DuPont de Nemours Inc.
5.32%, 11/15/38 (Call 05/15/38)		1,244		1,229,698
5.42%, 11/15/48 (Call 05/15/48)		1,747		1,718,939
Eastman Chemical Co.
4.65%, 10/15/44 (Call 04/15/44)		359		304,674
4.80%, 09/01/42 (Call 03/01/42)		655		572,380
Ecolab Inc.
2.13%, 08/15/50 (Call 02/15/50)		437		252,697
2.70%, 12/15/51 (Call 06/15/51)(a)		661		419,191
2.75%, 08/18/55 (Call 02/18/55)		712		442,994
3.95%, 12/01/47 (Call 06/01/47)(a)		276		228,083
5.50%, 12/08/41(a)		334		338,356
FMC Corp.
4.50%, 10/01/49 (Call 04/01/49)(a)		428		318,364
6.38%, 05/18/53 (Call 11/18/52)(a)		431		420,418
GC Treasury Center Co. Ltd., 4.30%, 03/18/51 (Call 09/18/50)(b)		436		329,257
International Flavors & Fragrances Inc.
3.27%, 11/15/40 (Call 05/15/40)(b)		218		152,804
3.47%, 12/01/50 (Call 06/01/50)(a)(b)		1,199		789,068
4.38%, 06/01/47 (Call 12/01/46)		395		294,674
5.00%, 09/26/48 (Call 03/26/48)		665		559,500
Linde Inc./CT
2.00%, 08/10/50 (Call 02/10/50)(a)		242		135,587
3.55%, 11/07/42 (Call 05/07/42)		845		674,866
Lubrizol Corp. (The), 6.50%, 10/01/34		545		614,671
LYB International Finance BV
4.88%, 03/15/44 (Call 09/15/43)		919		808,169
5.25%, 07/15/43		727		667,103
LYB International Finance III LLC
3.38%, 10/01/40 (Call 04/01/40)		233		172,851
3.63%, 04/01/51 (Call 10/01/50)(a)		818		568,966
3.80%, 10/01/60 (Call 04/01/60)(a)		563		381,022
4.20%, 10/15/49 (Call 04/15/49)		806		622,552
4.20%, 05/01/50 (Call 11/01/49)		818		631,787
LyondellBasell Industries NV, 4.63%, 02/26/55 (Call 08/26/54)(a)		910		746,737
Mosaic Co. (The)
4.88%, 11/15/41 (Call 05/15/41)		330		288,473
5.63%, 11/15/43 (Call 05/15/43)		385		367,751
Nutrien Ltd.
3.95%, 05/13/50 (Call 11/13/49)		366		285,830
4.13%, 03/15/35 (Call 09/15/34)		307		276,136
4.90%, 06/01/43 (Call 12/01/42)(a)		285		257,607
5.00%, 04/01/49 (Call 10/01/48)(a)		579		523,457
5.25%, 01/15/45 (Call 07/15/44)		323		300,313
5.63%, 12/01/40		246		240,974
5.80%, 03/27/53 (Call 09/27/52)		693		695,472
5.88%, 12/01/36		537		550,710
6.13%, 01/15/41 (Call 07/15/40)		284		290,751
Orbia Advance Corp. SAB de CV
5.50%, 01/15/48 (Call 07/15/47)(b)		408		343,740
5.88%, 09/17/44(b)		609		543,373
6.75%, 09/19/42(b)		100		99,090
PPG Industries Inc., 5.50%, 11/15/40		50		47,421
RPM International Inc.
4.25%, 01/15/48 (Call 07/15/47)(a)		215		172,694
5.25%, 06/01/45 (Call 12/01/44)(a)		224		207,087

Security	Par (000)		Value
Chemicals (continued)
Sherwin-Williams Co. (The)
2.90%, 03/15/52 (Call 09/15/51)	$	398	$	257,488
3.30%, 05/15/50 (Call 11/15/49)		424		297,955
3.80%, 08/15/49 (Call 02/15/49)		396		305,456
4.00%, 12/15/42 (Call 06/15/42)		374		305,811
4.50%, 06/01/47 (Call 12/01/46)		1,044		904,809
4.55%, 08/01/45 (Call 02/01/45)		346		297,221
Sociedad Quimica y Minera de Chile SA
3.50%, 09/10/51 (Call 03/10/51)(b)		556		363,974
4.25%, 01/22/50 (Call 07/22/49)(a)(b)		210		158,902
Westlake Corp.
2.88%, 08/15/41 (Call 02/15/41)		192		130,801
3.13%, 08/15/51 (Call 02/15/51)		475		298,495
3.38%, 08/15/61 (Call 02/15/61)(a)		591		366,478
4.38%, 11/15/47 (Call 05/15/47)(a)		308		250,113
5.00%, 08/15/46 (Call 02/15/46)(a)		540		480,577
				33,570,772
Coal — 0.1%
Teck Resources Ltd.
5.20%, 03/01/42 (Call 09/01/41)		295		266,839
5.40%, 02/01/43 (Call 08/01/42)		295		273,005
6.00%, 08/15/40 (Call 02/15/40)		438		432,094
6.13%, 10/01/35		300		306,124
6.25%, 07/15/41 (Call 01/15/41)		342		346,230
				1,624,292
Commercial Services — 1.7%
Adani Ports & Special Economic Zone Ltd., 5.00%, 08/02/41 (Call 02/02/41)(b)		120		97,192
American University (The), Series 2019, 3.67%, 04/01/49		485		391,732
Brown University, Series A, 2.92%, 09/01/50 (Call 03/01/50)		533		374,011
California Endowment (The), Series 2021, 2.50%, 04/01/51 (Call 10/01/50)(a)		220		135,401
California Institute of Technology
3.65%, 09/01/2119 (Call 03/01/2119)(a)		227		157,448
4.32%, 08/01/45		393		353,138
4.70%, 11/01/2111		320		283,992
Case Western Reserve University, 5.41%, 06/01/2122 (Call 12/01/2121)		210		201,239
Claremont Mckenna College, 3.78%, 01/01/2122 (Call 07/01/2121)		150		100,416
DP World Ltd./United Arab Emirates
4.70%, 09/30/49 (Call 03/30/49)(b)		360		292,068
5.63%, 09/25/48(b)		1,004		937,234
6.85%, 07/02/37(a)(b)		1,145		1,234,928
Duke University
3.20%, 10/01/38(a)		200		163,688
3.30%, 10/01/46(a)		265		201,371
Series 2020, 2.68%, 10/01/44		447		329,935
Series 2020, 2.76%, 10/01/50		354		243,897
Series 2020, 2.83%, 10/01/55		432		297,750
Emory University, Series 2020, 2.97%, 09/01/50 (Call 03/01/50)		361		250,893
Equifax Inc., 7.00%, 07/01/37(a)		230		253,377
ERAC USA Finance LLC
4.20%, 11/01/46 (Call 05/01/46)(b)		93		77,899
4.50%, 02/15/45 (Call 08/15/44)(b)		329		288,567
5.20%, 10/30/34 (Call 07/30/34)(a)(b)		150		148,783
5.40%, 05/01/53 (Call 11/01/52)(a)(b)		950		952,260

S C H E D U L E  O F  I N V E S T M E N T S 223

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
5.63%, 03/15/42(b)	$	487	$	493,026
6.70%, 06/01/34(b)		300		330,501
7.00%, 10/15/37(b)		1,215		1,380,890
Ford Foundation (The)
Series 2017, 3.86%, 06/01/47 (Call 12/01/46)		334		273,401
Series 2020, 2.42%, 06/01/50 (Call 12/01/49)		80		50,322
Series 2020, 2.82%, 06/01/70 (Call 12/01/69)		350		207,861
George Washington University (The)
4.87%, 09/15/45		270		260,027
Series 2014, 4.30%, 09/15/44(a)		282		244,980
Series 2016, 3.55%, 09/15/46		230		179,142
Series 2018, 4.13%, 09/15/48 (Call 03/15/48)		677		578,413
Georgetown University (The)
5.12%, 04/01/53 (Call 10/01/52)(a)		160		161,236
Series 20A, 2.94%, 04/01/50 (Call 10/01/49)		341		232,792
Series A, 5.22%, (Call 04/01/2118)		185		171,564
Series B, 4.32%, 04/01/49 (Call 10/01/48)		310		276,253
Global Payments Inc.
4.15%, 08/15/49 (Call 02/15/49)		553		421,845
5.95%, 08/15/52 (Call 02/15/52)(a)		565		555,102
Howard University, 5.21%, 10/01/52 (Call 10/01/32)		225		200,851
ITR Concession Co. LLC, 5.18%, 07/15/35 (Call 01/15/35)(b)		184		158,884
Johns Hopkins University
Series 2013, 4.08%, 07/01/53(a)		321		282,005
Series A, 2.81%, 01/01/60 (Call 07/01/59)(a)		240		155,083
Leland Stanford Junior University (The)
2.41%, 06/01/50 (Call 12/01/49)(a)		428		275,885
3.46%, 05/01/47		245		191,068
3.65%, 05/01/48 (Call 11/01/47)		547		453,749
Massachusetts Institute of Technology
3.07%, 04/01/52 (Call 10/01/51)		345		252,055
3.89%, 07/01/2116(a)		355		268,546
3.96%, 07/01/38		354		323,751
4.68%,		399		364,903
5.60%, (a)		577		621,620
Series F, 2.99%, 07/01/50 (Call 01/01/50)		499		360,182
Series G, 2.29%, 07/01/51 (Call 01/01/51)(a)		391		242,855
Metropolitan Museum of Art (The), Series 2015, 3.40%, 07/01/45		188		144,000
Moody’s Corp.
2.55%, 08/18/60 (Call 02/18/60)		294		164,950
2.75%, 08/19/41 (Call 02/19/41)		435		305,019
3.10%, 11/29/61 (Call 05/29/61)(a)		390		249,240
3.25%, 05/20/50 (Call 11/20/49)(a)		222		157,190
3.75%, 02/25/52 (Call 08/25/51)		365		283,573
4.88%, 12/17/48 (Call 06/17/48)		289		267,160
5.25%, 07/15/44(a)		590		576,273
Northeastern University, Series 2020, 2.89%, 10/01/50(a)		245		169,827
Northwestern University
3.69%, 12/01/38		275		237,898
3.87%, 12/01/48(a)		250		209,586
4.64%, 12/01/44(a)		515		490,926
Series 2017, 3.66%, 12/01/57 (Call 06/01/57)(a)		190		150,718
Series 2020, 2.64%, 12/01/50 (Call 06/01/50)(a)		280		186,989
PayPal Holdings Inc.
3.25%, 06/01/50 (Call 12/01/49)(a)		914		636,144
5.05%, 06/01/52 (Call 12/01/51)		810		759,968
5.25%, 06/01/62 (Call 12/01/61)(a)		445		414,522

Security	Par (000)		Value
Commercial Services (continued)
Pelabuhan Indonesia Persero PT, 5.38%, 05/05/45(b)	$	365	$	345,454
President and Fellows of Harvard College
2.52%, 10/15/50 (Call 04/15/50)(a)		482		314,487
3.15%, 07/15/46 (Call 01/15/46)		465		347,948
3.30%, 07/15/56 (Call 01/15/56)		249		184,483
3.62%, 10/01/37		252		222,882
3.75%, 11/15/52 (Call 05/15/52)		325		271,008
4.88%, 10/15/40(a)		155		153,100
6.50%, 01/15/39(b)		565		657,467
Quanta Services Inc., 3.05%, 10/01/41 (Call 04/01/41)(a)		488		343,869
Rockefeller Foundation (The), Series 2020, 2.49%, 10/01/50 (Call 04/01/50)		487		308,961
S&P Global Inc.
2.30%, 08/15/60 (Call 02/15/60)		611		330,027
3.25%, 12/01/49 (Call 06/01/49)		443		316,783
3.70%, 03/01/52 (Call 09/01/51)(a)		908		703,253
3.90%, 03/01/62 (Call 09/01/61)		401		311,992
4.50%, 05/15/48 (Call 11/15/47)(a)		185		154,663
6.55%, 11/15/37(a)		150		163,218
Thomas Jefferson University, 3.85%, 11/01/57 (Call 05/01/57)(a)		250		187,205
Trustees of Boston College
3.13%, 07/01/52(a)		272		197,440
3.99%, 07/01/47		160		129,795
Trustees of Boston University, Series CC, 4.06%, 10/01/48 (Call 04/01/48)(a)		305		259,802
Trustees of Dartmouth College, 3.47%, 06/01/46		260		202,949
Trustees of Princeton University (The)
4.20%, 03/01/52 (Call 09/01/51)		50		45,291
5.70%, 03/01/39(a)		629		688,011
Series 2020, 2.52%, 07/01/50 (Call 01/01/50)(a)		225		151,313
Trustees of the University of Pennsylvania (The)
3.61%, 02/15/2119 (Call 08/15/2118)(a)		225		156,511
4.67%, 09/01/2112		190		168,156
Series 2020, 2.40%, 10/01/50 (Call 04/01/50)		315		195,676
Trustees of Tufts College
3.10%, 08/15/51 (Call 02/15/51)		220		160,561
Series 2012, 5.02%, 04/15/2112(a)		205		177,624
University of Chicago (The)
3.00%, 10/01/52 (Call 04/01/52)(a)		160		113,782
4.00%, 10/01/53 (Call 04/01/53)		385		319,217
Series 20B, 2.76%, 04/01/45 (Call 10/01/44)		260		202,541
Series C, 2.55%, 04/01/50 (Call 10/01/49)(a)		320		216,488
University of Miami, 4.06%, 04/01/52		400		336,766
University of Notre Dame du Lac
Series 2015, 3.44%, 02/15/45(a)		407		326,812
Series 2017, 3.39%, 02/15/48 (Call 08/15/47)(a)		328		255,712
University of Southern California
2.81%, 10/01/50 (Call 04/01/50)		326		223,811
3.03%, 10/01/39		483		390,321
4.98%, 10/01/53 (Call 04/01/53)		190		190,399
5.25%, 10/01/2111(a)		185		182,468
Series 2017, 3.84%, 10/01/47 (Call 04/01/47)		285		238,285
Series 21A, 2.95%, 10/01/51 (Call 04/01/51)(a)		294		204,871
Series A, 3.23%, 10/01/2120 (Call 04/01/2120)(a)		180		109,738
Verisk Analytics Inc.
3.63%, 05/15/50 (Call 11/15/49)(a)		368		270,139
5.50%, 06/15/45 (Call 12/15/44)(a)		183		174,665

224 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
Washington University (The)
3.52%, 04/15/54 (Call 10/15/53)	$	405	$	317,274
4.35%, 04/15/2122 (Call 10/15/2121)(a)		200		167,862
Wesleyan University, 4.78%, 07/01/2116		191		160,909
William Marsh Rice University
3.57%, 05/15/45		143		115,311
3.77%, 05/15/55(a)		220		175,577
WK Kellogg Foundation Trust, 2.44%, 10/01/50 (Call 04/01/50)(a)(b)		130		79,859
Yale University, Series 2020, 2.40%, 04/15/50 (Call 10/15/49)(a)		406		262,132
				36,024,862
Computers — 2.0%
Apple Inc.
2.38%, 02/08/41 (Call 08/08/40)		990		696,378
2.40%, 08/20/50 (Call 02/20/50)(a)		1,070		667,127
2.55%, 08/20/60 (Call 02/20/60)(a)		1,499		921,402
2.65%, 05/11/50 (Call 11/11/49)		2,105		1,370,654
2.65%, 02/08/51 (Call 08/08/50)		2,857		1,842,664
2.70%, 08/05/51 (Call 02/05/51)		1,596		1,038,976
2.80%, 02/08/61 (Call 08/08/60)		1,505		956,407
2.85%, 08/05/61 (Call 02/05/61)		940		598,458
2.95%, 09/11/49 (Call 03/11/49)		1,288		900,579
3.45%, 02/09/45		1,740		1,380,591
3.75%, 09/12/47 (Call 03/12/47)		935		762,402
3.75%, 11/13/47 (Call 05/13/47)		1,022		831,291
3.85%, 05/04/43		2,599		2,224,591
3.85%, 08/04/46 (Call 02/04/46)		1,926		1,605,436
3.95%, 08/08/52 (Call 02/08/52)		1,481		1,233,121
4.10%, 08/08/62 (Call 02/08/62)		1,095		916,934
4.25%, 02/09/47 (Call 08/09/46)		915		823,298
4.38%, 05/13/45		1,742		1,590,288
4.45%, 05/06/44(a)		887		829,726
4.50%, 02/23/36 (Call 08/23/35)		934		918,194
4.65%, 02/23/46 (Call 08/23/45)		3,403		3,216,513
4.85%, 05/10/53 (Call 11/10/52)(a)		1,086		1,061,584
Dell Inc.
5.40%, 09/10/40(a)		281		270,376
6.50%, 04/15/38		360		375,766
Dell International LLC/EMC Corp.
3.38%, 12/15/41 (Call 06/15/41)(a)		650		475,125
3.45%, 12/15/51 (Call 06/15/51)		727		499,216
8.10%, 07/15/36 (Call 01/15/36)		851		1,020,859
8.35%, 07/15/46 (Call 01/15/46)		385		487,092
Hewlett Packard Enterprise Co.
6.20%, 10/15/35 (Call 04/15/35)		540		564,134
6.35%, 10/15/45 (Call 04/15/45)(a)		1,183		1,222,538
HP Inc., 6.00%, 09/15/41(a)		1,072		1,099,043
IBM International Capital Pte Ltd.
5.25%, 02/05/44 (Call 08/05/43)		600		574,631
5.30%, 02/05/54 (Call 08/05/53)		1,200		1,151,614
International Business Machines Corp.
2.85%, 05/15/40 (Call 11/15/39)		359		261,680
2.95%, 05/15/50 (Call 11/15/49)		692		457,727
3.43%, 02/09/52 (Call 08/09/51)		451		322,113
4.00%, 06/20/42(a)		834		693,812
4.15%, 05/15/39		1,551		1,352,673
4.25%, 05/15/49		2,558		2,146,685
4.70%, 02/19/46		462		415,412
4.90%, 07/27/52 (Call 01/27/52)		688		640,035
5.10%, 02/06/53 (Call 08/06/52)		596		568,526

Security	Par (000)		Value
Computers (continued)
5.60%, 11/30/39	$	695	$	715,561
7.13%, 12/01/96(a)		182		228,148
Kyndryl Holdings Inc., 4.10%, 10/15/41 (Call 04/15/41)		244		182,509
				42,111,889
Cosmetics & Personal Care — 0.4%
Colgate-Palmolive Co.
3.70%, 08/01/47 (Call 02/01/47)(a)		442		365,346
4.00%, 08/15/45		464		406,648
Estee Lauder Companies Inc. (The)
3.13%, 12/01/49 (Call 06/01/49)		691		472,347
3.70%, 08/15/42		246		185,991
4.15%, 03/15/47 (Call 09/15/46)		373		306,276
4.38%, 06/15/45 (Call 12/15/44)		341		292,213
5.15%, 05/15/53 (Call 11/15/52)		530		509,163
6.00%, 05/15/37		345		368,182
Haleon U.S. Capital LLC, 4.00%, 03/24/52 (Call 09/24/51)		827		660,480
Kenvue Inc.
5.05%, 03/22/53 (Call 09/22/52)(a)		1,400		1,348,263
5.10%, 03/22/43 (Call 09/22/42)(a)		471		460,298
5.20%, 03/22/63 (Call 09/22/62)		615		595,839
Procter & Gamble Co. (The)
3.50%, 10/25/47		320		255,602
3.55%, 03/25/40		356		305,062
3.60%, 03/25/50		451		370,302
5.55%, 03/05/37		725		778,298
5.80%, 08/15/34		224		246,229
Unilever Capital Corp., Series 30Y, 2.63%, 08/12/51 (Call 02/12/51)(a)		591		381,151
				8,307,690
Distribution & Wholesale — 0.1%
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		345		277,262
4.20%, 05/15/47 (Call 11/15/46)		277		238,028
4.60%, 06/15/45 (Call 12/15/44)(a)		847		774,988
				1,290,278
Diversified Financial Services — 1.2%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.85%, 10/29/41 (Call 04/29/41)		1,707		1,325,210
American Express Co., 4.05%, 12/03/42(a)		1,089		938,052
Ares Finance Co. IV LLC, 3.65%, 02/01/52 (Call 08/01/51)(a)(b)		390		269,604
Blackstone Holdings Finance Co. LLC
2.80%, 09/30/50 (Call 03/30/50)(b)		338		205,347
2.85%, 08/05/51 (Call 02/05/51)(a)(b)		500		310,331
3.20%, 01/30/52 (Call 07/30/51)(a)(b)		761		512,507
3.50%, 09/10/49 (Call 03/10/49)(a)(b)		355		250,784
4.00%, 10/02/47 (Call 04/02/47)(a)(b)		315		238,585
4.45%, 07/15/45(b)		285		235,103
5.00%, 06/15/44(b)		381		344,087
6.25%, 08/15/42(b)		115		118,242
Blue Owl Finance LLC, 4.13%, 10/07/51 (Call 04/07/51)(b)		260		174,831
Brookfield Finance Inc.
3.50%, 03/30/51 (Call 09/30/50)		663		470,370
3.63%, 02/15/52 (Call 08/15/51)(a)		368		261,837
4.70%, 09/20/47 (Call 03/20/47)(a)		741		630,601
5.97%, 03/04/54 (Call 09/04/53)		195		196,531

S C H E D U L E  O F  I N V E S T M E N T S 225

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
Brookfield Finance LLC/Brookfield Finance Inc.,
3.45%, 04/15/50 (Call 10/15/49)	$	585	$	404,750
CI Financial Corp., 4.10%, 06/15/51
(Call 12/15/50)(a)		831		490,770
CME Group Inc.
4.15%, 06/15/48 (Call 12/15/47)		532		457,941
5.30%, 09/15/43 (Call 03/15/43)		827		835,506
FMR LLC
5.15%, 02/01/43(b)		350		323,850
6.45%, 11/15/39(b)		395		418,604
6.50%, 12/14/40(b)		327		345,969
Franklin Resources Inc., 2.95%, 08/12/51
(Call 02/12/51)		350		213,954
Invesco Finance PLC, 5.38%, 11/30/43		358		344,898
Jefferies Financial Group Inc.
6.25%, 01/15/36		325		333,358
6.50%, 01/20/43		462		479,865
6.63%, 10/23/43 (Call 07/23/43)(a)		153		156,474
KKR Group Finance Co. II LLC, 5.50%, 02/01/43
(Call 08/01/42)(a)(b)		411		390,823
Legg Mason Inc., 5.63%, 01/15/44		380		381,304
LSEGA Financing PLC, 3.20%, 04/06/41
(Call 10/06/40)(b)		645		482,436
Mastercard Inc.
2.95%, 03/15/51 (Call 09/15/50)		609		424,127
3.65%, 06/01/49 (Call 12/01/48)		812		647,982
3.80%, 11/21/46 (Call 05/21/46)		394		324,217
3.85%, 03/26/50 (Call 09/26/49)		1,241		1,025,159
3.95%, 02/26/48 (Call 08/26/47)		334		283,315
Nasdaq Inc.
2.50%, 12/21/40 (Call 06/21/40)		569		377,266
3.25%, 04/28/50 (Call 10/28/49)(a)		497		338,724
3.95%, 03/07/52 (Call 09/07/51)		480		365,361
5.95%, 08/15/53 (Call 02/15/53)(a)		655		673,510
6.10%, 06/28/63 (Call 12/28/62)		695		724,676
Neuberger Berman Group LLC/Neuberger Berman Finance Corp., 4.88%, 04/15/45 (Call 10/15/44)(b)		261		209,252
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)(a)		669		496,812
4.95%, 07/15/46(a)		670		615,127
Visa Inc.
2.00%, 08/15/50 (Call 02/15/50)(a)		1,367		797,540
2.70%, 04/15/40 (Call 10/15/39)		572		422,368
3.65%, 09/15/47 (Call 03/15/47)		835		666,197
4.15%, 12/14/35 (Call 06/14/35)(a)		1,166		1,096,061
4.30%, 12/14/45 (Call 06/14/45)		3,100		2,771,483
Voya Financial Inc.
4.80%, 06/15/46		199		168,707
5.70%, 07/15/43(a)		552		535,260
Western Union Co. (The)
6.20%, 11/17/36(a)		584		589,562
6.20%, 06/21/40		254		253,621
				26,348,851
Electric — 12.7%
Abu Dhabi National Energy Co. PJSC
3.40%, 04/29/51 (Call 10/29/50)(b)		587		415,361
4.00%, 10/03/49(b)		448		357,410
6.50%, 10/27/36(b)		1,040		1,164,642
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)		131		90,331

Security	Par (000)		Value
Electric (continued)
3.80%, 10/01/47 (Call 04/01/47)	$	278	$	206,854
5.25%, 05/15/52 (Call 11/15/51)		350		328,983
Series G, 4.15%, 05/01/49 (Call 11/01/48)		229		179,624
Series H, 3.45%, 01/15/50 (Call 07/15/49)		402		280,319
AEP Transmission Co. LLC
3.15%, 09/15/49 (Call 03/15/49)		350		238,974
3.75%, 12/01/47 (Call 06/01/47)(a)		444		340,996
3.80%, 06/15/49 (Call 12/15/48)		319		245,496
4.00%, 12/01/46 (Call 06/01/46)		290		234,086
4.25%, 09/15/48 (Call 03/15/48)		291		239,154
4.50%, 06/15/52 (Call 12/01/51)		435		376,933
5.40%, 03/15/53 (Call 09/15/52)(a)		615		608,979
Series M, 3.65%, 04/01/50 (Call 10/01/49)		474		356,179
Series N, 2.75%, 08/15/51 (Call 02/15/51)		457		284,752
Alabama Power Co.
3.00%, 03/15/52 (Call 09/15/51)(a)		584		389,107
3.13%, 07/15/51 (Call 01/15/51)		505		343,398
3.45%, 10/01/49 (Call 04/01/49)		452		328,796
3.75%, 03/01/45 (Call 09/01/44)		624		489,739
3.85%, 12/01/42		220		177,157
4.10%, 01/15/42		320		259,461
4.15%, 08/15/44 (Call 02/15/44)		364		303,295
4.30%, 01/02/46 (Call 07/02/45)		355		298,960
5.50%, 03/15/41		263		258,303
6.00%, 03/01/39(a)		257		270,888
6.13%, 05/15/38		415		434,287
Series 11-C, 5.20%, 06/01/41(a)		305		298,975
Series A, 4.30%, 07/15/48 (Call 01/15/48)		424		355,449
Series B, 3.70%, 12/01/47 (Call 06/01/47)		470		356,269
Alfa Desarrollo SpA, 4.55%, 09/27/51
(Call 03/27/51)(b)		597		443,945
Ameren Illinois Co.
2.90%, 06/15/51 (Call 12/15/50)(a)		156		101,366
3.25%, 03/15/50 (Call 09/15/49)		332		232,681
3.70%, 12/01/47 (Call 06/01/47)		347		268,093
4.15%, 03/15/46 (Call 09/15/45)		415		343,591
4.30%, 07/01/44 (Call 01/01/44)		195		161,245
4.50%, 03/15/49 (Call 09/15/48)		418		362,639
4.80%, 12/15/43 (Call 06/15/43)		280		248,487
5.90%, 12/01/52 (Call 06/01/52)		420		445,929
American Electric Power Co. Inc., 3.25%, 03/01/50 (Call 09/01/49)		337		230,705
American Transmission Systems Inc., 5.00%, 09/01/44 (Call 03/01/44)(b)		216		193,879
Appalachian Power Co.
4.40%, 05/15/44 (Call 11/15/43)		273		223,345
4.45%, 06/01/45 (Call 12/01/44)		316		260,223
7.00%, 04/01/38		475		532,224
Series L, 5.80%, 10/01/35		285		292,379
Series P, 6.70%, 08/15/37		285		308,925
Series Y, 4.50%, 03/01/49 (Call 09/01/48)		355		286,511
Series Z, 3.70%, 05/01/50 (Call 11/01/49)		440		315,180
Arizona Public Service Co.
2.65%, 09/15/50 (Call 03/15/50)(a)		530		314,777
3.35%, 05/15/50 (Call 11/15/49)(a)		270		184,108
3.50%, 12/01/49 (Call 06/01/49)		207		142,679
3.75%, 05/15/46 (Call 11/15/45)		191		140,778
4.20%, 08/15/48 (Call 02/15/48)		187		148,070
4.25%, 03/01/49 (Call 09/01/48)		261		208,913
4.35%, 11/15/45 (Call 05/15/45)		187		151,912
4.50%, 04/01/42 (Call 10/01/41)		446		379,555

226 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.70%, 01/15/44 (Call 07/15/43)	$	165	$	137,151
5.05%, 09/01/41 (Call 03/01/41)(a)		427		389,004
5.50%, 09/01/35		300		294,523
Avista Corp.
4.00%, 04/01/52 (Call 10/01/51)(a)		218		165,432
4.35%, 06/01/48 (Call 12/01/47)(a)		166		136,320
Baltimore Gas & Electric Co.
2.90%, 06/15/50 (Call 12/15/49)		333		215,916
3.20%, 09/15/49 (Call 03/15/49)		447		306,376
3.50%, 08/15/46 (Call 02/15/46)		484		357,135
3.75%, 08/15/47 (Call 02/15/47)		295		222,317
4.25%, 09/15/48 (Call 03/15/48)		275		227,604
4.55%, 06/01/52 (Call 12/01/51)		461		401,576
5.40%, 06/01/53 (Call 12/01/52)(a)		599		587,539
6.35%, 10/01/36		465		496,973
Basin Electric Power Cooperative, 4.75%, 04/26/47
(Call 10/26/46)(a)(b)		165		141,092
Berkshire Hathaway Energy Co.
2.85%, 05/15/51 (Call 11/15/50)		1,311		841,948
3.80%, 07/15/48 (Call 01/15/48)(a)		662		503,146
4.25%, 10/15/50 (Call 04/15/50)		728		586,494
4.45%, 01/15/49 (Call 07/15/48)		933		786,928
4.50%, 02/01/45 (Call 08/01/44)		556		493,336
4.60%, 05/01/53 (Call 11/01/52)(a)		814		695,000
5.15%, 11/15/43 (Call 05/15/43)		543		521,340
5.95%, 05/15/37		414		428,931
6.13%, 04/01/36		1,292		1,364,208
Black Hills Corp.
3.88%, 10/15/49 (Call 04/15/49)		238		169,399
4.20%, 09/15/46 (Call 03/15/46)(a)		145		112,788
Buffalo Energy Mexico Holdings/Buffalo Energy
Infrastructure/Buffalo Energy, 7.88%, 02/15/39
(Call 11/15/38)(b)		40		42,479
Celeo Redes Operacion Chile SA, 5.20%, 06/22/47(b)		188		169,351
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)		578		450,581
3.60%, 03/01/52 (Call 09/01/51)		369		277,327
3.95%, 03/01/48 (Call 09/01/47)		241		194,933
4.50%, 04/01/44 (Call 10/01/43)		312		276,136
5.30%, 04/01/53 (Call 10/01/52)		335		333,442
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		715		606,039
Series AD, 2.90%, 07/01/50 (Call 01/01/50)		294		193,413
Series AF, 3.35%, 04/01/51 (Call 10/01/50)		600		431,372
Series AJ, 4.85%, 10/01/52 (Call 04/01/52)		287		264,818
CenterPoint Energy Inc., 3.70%, 09/01/49
(Call 03/01/49)(a)		225		164,028
CEZ AS, 5.63%, 04/03/42(b)		243		217,480
Cleco Corporate Holdings LLC, 4.97%, 05/01/46
(Call 11/01/45)		184		151,421
Cleco Power LLC
6.00%, 12/01/40		253		256,446
6.50%, 12/01/35(a)		310		319,855
Cleveland Electric Illuminating Co. (The), 5.95%, 12/15/36(a)		341		339,814
CMS Energy Corp.
4.70%, 03/31/43 (Call 09/30/42)		510		443,124
4.88%, 03/01/44 (Call 09/01/43)		187		171,726
Cometa Energia SA de CV, 6.38%, 04/24/35 (Call 01/24/35)(a)(b)		254		250,581

Security	Par (000)		Value
Electric (continued)
Comision Federal de Electricidad
4.68%, 02/09/51 (Call 08/09/50)(b)	$	632	$	443,275
5.75%, 02/14/42(a)(b)		461		397,705
6.13%, 06/16/45(a)(b)		535		473,475
6.26%, 02/15/52 (Call 08/15/51)(b)		390		338,765
Commonwealth Edison Co.
3.00%, 03/01/50 (Call 09/01/49)		578		381,907
3.65%, 06/15/46 (Call 12/15/45)		655		498,414
3.70%, 03/01/45 (Call 09/01/44)(a)		348		271,334
3.80%, 10/01/42 (Call 04/01/42)		298		239,453
4.00%, 03/01/48 (Call 09/01/47)		711		572,889
4.00%, 03/01/49 (Call 09/01/48)		368		294,098
4.35%, 11/15/45 (Call 05/15/45)		398		338,557
4.60%, 08/15/43 (Call 02/15/43)		395		350,315
4.70%, 01/15/44 (Call 07/15/43)		240		213,828
5.30%, 02/01/53 (Call 08/01/52)		516		499,452
6.45%, 01/15/38		394		427,529
Series 123, 3.75%, 08/15/47 (Call 02/15/47)		547		419,700
Series 127, 3.20%, 11/15/49 (Call 05/15/49)		210		144,674
Series 130, 3.13%, 03/15/51 (Call 09/15/50)		589		395,279
Series 131, 2.75%, 09/01/51 (Call 03/01/51)		340		209,847
Series 133, 3.85%, 03/15/52 (Call 09/15/51)(a)		415		319,437
Connecticut Light & Power Co. (The)
4.00%, 04/01/48 (Call 10/01/47)		707		575,729
4.30%, 04/15/44 (Call 10/15/43)		309		262,895
5.25%, 01/15/53 (Call 07/15/52)		436		424,997
6.35%, 06/01/36		235		250,857
Series A, 4.15%, 06/01/45 (Call 12/01/44)(a)		182		153,250
Consolidated Edison Co. of New York Inc.
3.20%, 12/01/51 (Call 06/01/51)		629		427,164
3.60%, 06/15/61 (Call 12/15/60)		530		382,678
3.70%, 11/15/59 (Call 05/15/59)		438		312,523
3.85%, 06/15/46 (Call 12/15/45)		502		394,444
3.95%, 03/01/43 (Call 09/01/42)(a)		650		533,228
4.45%, 03/15/44 (Call 09/15/43)		571		496,632
4.50%, 12/01/45 (Call 06/01/45)		561		485,648
4.50%, 05/15/58 (Call 11/15/57)		567		476,976
4.63%, 12/01/54 (Call 06/01/54)		558		479,140
5.70%, 06/15/40		360		362,264
5.90%, 11/15/53 (Call 05/15/53)		855		901,680
6.15%, 11/15/52 (Call 05/15/52)		640		693,563
Series 05-A, 5.30%, 03/01/35		398		395,306
Series 06-A, 5.85%, 03/15/36		440		451,414
Series 06-B, 6.20%, 06/15/36		375		398,597
Series 06-E, 5.70%, 12/01/36		312		312,590
Series 07-A, 6.30%, 08/15/37(a)		495		529,319
Series 08-B, 6.75%, 04/01/38		575		640,565
Series 09-C, 5.50%, 12/01/39		565		564,618
Series 12-A, 4.20%, 03/15/42		401		335,171
Series 2017, 3.88%, 06/15/47 (Call 12/15/46)		405		314,699
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)		841		673,657
Series A, 4.13%, 05/15/49 (Call 11/15/48)		523		420,111
Series C, 3.00%, 12/01/60 (Call 06/01/60)		470		286,950
Series C, 4.00%, 11/15/57 (Call 05/15/57)(a)		194		151,064
Series C, 4.30%, 12/01/56 (Call 06/01/56)(a)		338		276,752
Series E, 4.65%, 12/01/48 (Call 06/01/48)		474		414,317
Consorcio Transmantaro SA, 5.20%, 04/11/38 (Call 01/11/38)(b)		802		747,473
Constellation Energy Generation LLC
5.60%, 06/15/42 (Call 12/15/41)		754		734,522
5.75%, 10/01/41 (Call 04/01/41)		415		406,082

S C H E D U L E  O F  I N V E S T M E N T S 227

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
6.25%, 10/01/39	$	767	$	790,692
6.50%, 10/01/53 (Call 04/01/53)		717		786,908
Consumers Energy Co.
2.50%, 05/01/60 (Call 11/01/59)		172		95,008
3.10%, 08/15/50 (Call 02/15/50)		406		281,566
3.25%, 08/15/46 (Call 02/15/46)		290		212,108
3.50%, 08/01/51 (Call 02/01/51)		426		318,610
3.75%, 02/15/50 (Call 08/15/49)		198		154,828
3.95%, 05/15/43 (Call 11/15/42)		454		373,170
3.95%, 07/15/47 (Call 01/15/47)		235		190,833
4.05%, 05/15/48 (Call 11/15/47)		416		344,780
4.10%, 11/15/45 (Call 05/15/45)		135		108,245
4.20%, 09/01/52 (Call 03/01/52)		370		307,549
4.35%, 04/15/49 (Call 10/15/48)		494		427,460
4.35%, 08/31/64 (Call 02/28/64)		197		149,838
Dayton Power & Light Co. (The), 3.95%, 06/15/49
(Call 12/15/48)		258		189,723
Delmarva Power & Light Co.
4.00%, 06/01/42 (Call 12/01/41)		243		194,727
4.15%, 05/15/45 (Call 11/15/44)(a)		326		260,875
Dominion Energy Inc.
4.70%, 12/01/44 (Call 06/01/44)		402		345,859
4.85%, 08/15/52 (Call 02/15/52)		595		521,178
7.00%, 06/15/38		428		465,811
Series A, 4.60%, 03/15/49 (Call 09/15/48)		436		369,354
Series B, 3.30%, 04/15/41 (Call 10/15/40)		199		146,486
Series B, 5.95%, 06/15/35		500		511,317
Series C, 4.05%, 09/15/42 (Call 03/15/42)		380		300,650
Series C, 4.90%, 08/01/41 (Call 02/01/41)		442		396,186
Dominion Energy South Carolina Inc.
4.60%, 06/15/43 (Call 12/15/42)		418		368,401
5.10%, 06/01/65 (Call 12/01/64)		226		209,123
5.45%, 02/01/41 (Call 08/01/40)(a)		352		344,541
6.05%, 01/15/38(a)		398		420,625
6.25%, 10/15/53 (Call 04/15/53)		405		447,720
DTE Electric Co.
2.95%, 03/01/50 (Call 09/01/49)		377		250,655
3.70%, 03/15/45 (Call 09/15/44)		127		99,698
3.70%, 06/01/46 (Call 12/01/45)		189		144,868
3.75%, 08/15/47 (Call 02/15/47)		245		187,762
3.95%, 06/15/42 (Call 12/15/41)(a)		235		187,340
3.95%, 03/01/49 (Call 09/01/48)		728		588,450
4.30%, 07/01/44 (Call 01/01/44)		181		154,896
5.40%, 04/01/53 (Call 10/01/52)		506		501,335
5.70%, 10/01/37(a)		258		260,241
Series A, 4.00%, 04/01/43 (Call 10/01/42)		296		245,139
Series A, 4.05%, 05/15/48 (Call 11/15/47)		575		469,999
Series A, 6.63%, 06/01/36(a)		340		372,330
Series B, 3.25%, 04/01/51 (Call 10/01/50)		482		335,447
Series B, 3.65%, 03/01/52 (Call 09/01/51)		485		364,286
Duke Energy Carolinas LLC
3.20%, 08/15/49 (Call 02/15/49)		671		463,479
3.45%, 04/15/51 (Call 10/15/50)		373		265,223
3.55%, 03/15/52 (Call 09/15/51)		553		398,046
3.70%, 12/01/47 (Call 06/01/47)		542		403,765
3.75%, 06/01/45 (Call 12/01/44)		447		345,843
3.88%, 03/15/46 (Call 09/15/45)		408		317,902
3.95%, 03/15/48 (Call 09/15/47)		478		378,177
4.00%, 09/30/42 (Call 03/30/42)		483		395,296
4.25%, 12/15/41 (Call 06/15/41)		469		397,291
5.30%, 02/15/40		605		593,511

Security	Par (000)		Value
Electric (continued)
5.35%, 01/15/53 (Call 07/15/52)	$	770	$	753,655
5.40%, 01/15/54 (Call 07/15/53)		732		713,193
6.00%, 01/15/38		419		439,802
6.05%, 04/15/38		439		461,169
6.10%, 06/01/37		417		435,503
Duke Energy Corp.
3.30%, 06/15/41 (Call 12/15/40)		136		100,046
3.50%, 06/15/51 (Call 12/15/50)		621		429,918
3.75%, 09/01/46 (Call 03/01/46)		1,388		1,035,721
3.95%, 08/15/47 (Call 02/15/47)		521		397,501
4.20%, 06/15/49 (Call 12/15/48)		503		395,856
4.80%, 12/15/45 (Call 06/15/45)		541		475,094
5.00%, 08/15/52 (Call 02/15/52)		968		862,398
6.10%, 09/15/53 (Call 03/15/53)(a)		630		653,688
Duke Energy Florida LLC
3.00%, 12/15/51 (Call 06/15/51)		410		264,754
3.40%, 10/01/46 (Call 04/01/46)		553		398,057
3.85%, 11/15/42 (Call 05/15/42)		365		290,320
4.20%, 07/15/48 (Call 01/15/48)		332		271,268
5.65%, 04/01/40		376		377,907
5.95%, 11/15/52 (Call 05/15/52)		435		458,101
6.20%, 11/15/53 (Call 05/15/53)		605		655,181
6.35%, 09/15/37		435		465,784
6.40%, 06/15/38		934		1,010,346
Duke Energy Indiana LLC
2.75%, 04/01/50 (Call 10/01/49)(a)		478		297,560
3.75%, 05/15/46 (Call 11/15/45)		406		310,191
5.40%, 04/01/53 (Call 10/01/52)		440		424,364
6.12%, 10/15/35(a)		330		341,618
6.35%, 08/15/38		475		508,055
6.45%, 04/01/39		360		392,871
Series UUU, 4.20%, 03/15/42 (Call 09/15/41)		254		211,946
Series WWW, 4.90%, 07/15/43 (Call 01/15/43)		286		263,458
Series YYY, 3.25%, 10/01/49 (Call 04/01/49)(a)		411		283,792
Duke Energy Ohio Inc.
3.70%, 06/15/46 (Call 12/15/45)		368		276,318
4.30%, 02/01/49 (Call 08/01/48)(a)		382		310,848
5.65%, 04/01/53 (Call 10/01/52)		335		338,063
Duke Energy Progress LLC
2.50%, 08/15/50 (Call 02/15/50)		555		331,238
2.90%, 08/15/51 (Call 02/15/51)		412		264,254
3.60%, 09/15/47 (Call 03/15/47)		481		356,494
3.70%, 10/15/46 (Call 04/15/46)		441		333,923
4.00%, 04/01/52 (Call 10/01/51)		330		260,276
4.10%, 05/15/42 (Call 11/15/41)		517		428,007
4.10%, 03/15/43 (Call 09/15/42)		321		263,204
4.15%, 12/01/44 (Call 06/01/44)		449		367,304
4.20%, 08/15/45 (Call 02/15/45)		640		527,904
4.38%, 03/30/44 (Call 09/30/43)		435		371,851
5.35%, 03/15/53 (Call 09/15/52)		495		479,528
6.30%, 04/01/38		290		311,292
E.ON International Finance BV, 6.65%, 04/30/38(b)		1,011		1,082,125
El Paso Electric Co.
5.00%, 12/01/44 (Call 06/01/44)(a)		190		162,291
6.00%, 05/15/35		531		533,826
Electricite de France SA
4.75%, 10/13/35 (Call 04/13/35)(b)		368		338,217
4.88%, 09/21/38 (Call 03/21/38)(b)		491		435,777
4.88%, 01/22/44(b)		808		704,975
4.95%, 10/13/45 (Call 04/13/45)(b)		1,031		906,556
5.00%, 09/21/48 (Call 03/21/48)(b)		1,194		1,049,783

228 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
5.25%, 10/13/55 (Call 04/13/55)(a)(b)	$	216	$	184,965
5.60%, 01/27/40(a)(b)		698		675,574
6.00%, 01/22/2114(a)(b)		574		538,257
6.90%, 05/23/53 (Call 11/23/52)(a)(b)		855		931,608
6.95%, 01/26/39(b)		1,495		1,638,360
Elm Road Generating Station Supercritical LLC,
6.09%, 02/11/40(a)(b)		395		385,403
Emera U.S. Finance LP, 4.75%, 06/15/46
(Call 12/15/45)		764		625,404
Empresa de Transmision Electrica SA, 5.13%, 05/02/49(b)		545		389,675
Enel Finance America LLC, 2.88%, 07/12/41
(Call 01/12/41)(b)		211		140,561
Enel Finance International NV
4.75%, 05/25/47(b)		1,126		946,373
5.50%, 06/15/52 (Call 12/15/51)(a)(b)		840		765,001
6.00%, 10/07/39(b)		1,169		1,169,810
6.80%, 09/15/37(b)		991		1,062,885
7.75%, 10/14/52 (Call 04/14/52)(b)		829		991,906
Entergy Arkansas LLC
2.65%, 06/15/51 (Call 12/15/50)(a)		647		388,750
3.35%, 06/15/52 (Call 12/15/51)		410		280,431
4.20%, 04/01/49 (Call 10/01/48)		553		453,928
4.95%, 12/15/44 (Call 12/15/24)		175		153,439
Entergy Corp., 3.75%, 06/15/50 (Call 12/15/49)		595		430,521
Entergy Louisiana LLC
2.90%, 03/15/51 (Call 09/15/50)		655		411,324
3.10%, 06/15/41 (Call 12/15/40)		359		263,331
4.20%, 09/01/48 (Call 03/01/48)		714		577,535
4.20%, 04/01/50 (Call 10/01/49)		443		358,239
4.75%, 09/15/52 (Call 03/15/52)		415		362,396
4.95%, 01/15/45 (Call 01/15/25)		240		218,400
Entergy Mississippi LLC
3.50%, 06/01/51 (Call 03/01/51)(a)		359		253,829
3.85%, 06/01/49 (Call 12/01/48)		418		317,937
Entergy Texas Inc.
3.55%, 09/30/49 (Call 03/30/49)		335		241,949
4.50%, 03/30/39 (Call 09/30/38)		108		96,085
5.00%, 09/15/52 (Call 03/15/52)(a)		284		257,895
5.15%, 06/01/45 (Call 06/01/25)		190		175,203
5.80%, 09/01/53 (Call 03/01/53)(a)		302		311,271
Evergy Kansas Central Inc.
3.25%, 09/01/49 (Call 03/01/49)		276		189,650
3.45%, 04/15/50 (Call 10/15/49)		340		238,679
4.10%, 04/01/43 (Call 10/01/42)		394		320,770
4.13%, 03/01/42 (Call 09/01/41)(a)		586		485,110
4.25%, 12/01/45 (Call 06/01/45)		183		149,531
4.63%, 09/01/43 (Call 03/01/43)		269		230,076
5.70%, 03/15/53 (Call 09/15/52)		244		243,853
Evergy Kansas South Inc., 4.30%, 07/15/44
(Call 01/15/44)(b)		124		100,064
Evergy Metro Inc.
4.20%, 06/15/47 (Call 12/15/46)		196		157,685
4.20%, 03/15/48 (Call 09/15/47)		135		110,136
5.30%, 10/01/41 (Call 04/01/41)(a)		441		414,537
Series 2019, 4.13%, 04/01/49 (Call 10/01/48)		240		191,141
Series B, 6.05%, 11/15/35(a)		260		268,953
Eversource Energy, 3.45%, 01/15/50
(Call 07/15/49)(a)		498		340,588
Exelon Corp.
4.10%, 03/15/52 (Call 09/15/51)		600		465,230

Security	Par (000)		Value
Electric (continued)
4.45%, 04/15/46 (Call 10/15/45)	$	649	$	544,113
4.70%, 04/15/50 (Call 10/15/49)		726		630,090
4.95%, 06/15/35 (Call 12/15/34)		95		89,035
5.10%, 06/15/45 (Call 12/15/44)		626		571,689
5.60%, 03/15/53 (Call 09/15/52)(a)		770		749,879
5.63%, 06/15/35		437		434,489
FirstEnergy Transmission LLC
4.55%, 04/01/49 (Call 10/01/48)(b)		135		111,680
5.45%, 07/15/44 (Call 01/15/44)(a)(b)		164		154,417
Florida Power & Light Co.
2.88%, 12/04/51 (Call 06/04/51)(a)		1,025		666,285
3.15%, 10/01/49 (Call 04/01/49)		655		451,568
3.70%, 12/01/47 (Call 06/01/47)		353		274,730
3.80%, 12/15/42 (Call 06/15/42)		394		322,109
3.95%, 03/01/48 (Call 09/01/47)(a)		929		753,235
3.99%, 03/01/49 (Call 09/01/48)		485		391,938
4.05%, 06/01/42 (Call 12/01/41)		452		383,075
4.05%, 10/01/44 (Call 04/01/44)		411		346,484
4.13%, 02/01/42 (Call 08/01/41)		635		545,999
4.13%, 06/01/48 (Call 12/01/47)		587		485,758
4.95%, 06/01/35		365		358,778
5.13%, 06/01/41 (Call 12/01/40)(a)		275		261,505
5.25%, 02/01/41 (Call 08/01/40)		324		319,736
5.30%, 04/01/53 (Call 10/01/52)		631		623,721
5.65%, 02/01/37		233		239,700
5.69%, 03/01/40		446		456,555
5.95%, 02/01/38		563		599,118
5.96%, 04/01/39		455		489,019
Georgia Power Co.
4.30%, 03/15/42(a)		1,005		859,749
4.30%, 03/15/43		539		454,173
5.13%, 05/15/52 (Call 11/15/51)(a)		680		644,592
5.40%, 06/01/40(a)		220		211,465
Series 10-C, 4.75%, 09/01/40		543		491,868
Series A, 3.25%, 03/15/51 (Call 09/15/50)		609		417,929
Series B, 3.70%, 01/30/50 (Call 07/30/49)		424		320,332
Great River Energy, 6.25%, 07/01/38(a)(b)		351		362,410
Iberdrola International BV, 6.75%, 07/15/36(a)		485		542,516
Idaho Power Co.
3.65%, 03/01/45 (Call 09/01/44)		294		214,848
5.50%, 03/15/53 (Call 09/15/52)(a)		295		289,575
5.80%, 04/01/54 (Call 10/01/53)(a)		260		264,838
Series K, 4.20%, 03/01/48 (Call 09/01/47)(a)		260		209,977
Indiana Michigan Power Co.
3.25%, 05/01/51 (Call 11/01/50)		380		256,707
4.25%, 08/15/48 (Call 02/15/48)		460		373,321
5.63%, 04/01/53 (Call 10/01/52)		430		430,331
6.05%, 03/15/37		368		382,475
Series K, 4.55%, 03/15/46 (Call 09/15/45)		355		303,728
Series L, 3.75%, 07/01/47 (Call 01/01/47)		285		212,308
Indianapolis Power & Light Co.
4.05%, 05/01/46 (Call 11/01/45)(b)		255		200,923
4.70%, 09/01/45 (Call 03/01/45)(b)		191		159,466
Infraestructura Energetica Nova SAPI de CV
4.75%, 01/15/51 (Call 07/15/50)(b)		595		449,958
4.88%, 01/14/48(b)		352		269,016
Interchile SA, 4.50%, 06/30/56 (Call 12/30/55)(b)		1,045		827,300
International Transmission Co., 4.63%, 08/15/43
(Call 02/15/43)(a)		325		277,920
Interstate Power & Light Co.
3.10%, 11/30/51 (Call 05/30/51)		218		139,426

S C H E D U L E  O F  I N V E S T M E N T S 229

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.50%, 09/30/49 (Call 03/30/49)(a)	$	429	$	305,481
3.70%, 09/15/46 (Call 03/15/46)		184		136,552
4.70%, 10/15/43 (Call 04/15/43)(a)		243		204,419
6.25%, 07/15/39		230		239,650
ITC Holdings Corp., 5.30%, 07/01/43
(Call 01/01/43)		493		462,289
Jersey Central Power & Light Co., 6.15%, 06/01/37		291		300,441
Kentucky Utilities Co.
3.30%, 06/01/50 (Call 12/01/49)		428		296,538
4.38%, 10/01/45 (Call 04/01/45)		404		339,494
5.13%, 11/01/40 (Call 05/01/40)		707		670,717
Series 1, 4.65%, 11/15/43 (Call 05/15/43)		239		205,322
LLPL Capital Pte Ltd., 6.88%, 02/04/39(b)		171		165,324
Louisville Gas & Electric Co.
4.25%, 04/01/49 (Call 10/01/48)		216		176,176
4.38%, 10/01/45 (Call 04/01/45)		170		142,457
4.65%, 11/15/43 (Call 05/15/43)		247		213,904
5.13%, 11/15/40 (Call 05/15/40)		145		133,369
Massachusetts Electric Co.
4.00%, 08/15/46 (Call 02/15/46)(b)		275		210,585
5.87%, 02/26/54 (Call 08/26/53)(b)		325		326,356
5.90%, 11/15/39(a)(b)		544		541,027
MidAmerican Energy Co.
2.70%, 08/01/52 (Call 02/01/52)		425		261,411
3.15%, 04/15/50 (Call 10/15/49)(a)		768		525,242
3.65%, 08/01/48 (Call 02/01/48)		680		519,190
3.95%, 08/01/47 (Call 02/01/47)		507		406,453
4.25%, 05/01/46 (Call 11/01/45)		316		264,758
4.25%, 07/15/49 (Call 01/15/49)		804		676,959
4.40%, 10/15/44 (Call 04/15/44)(a)		520		446,476
4.80%, 09/15/43 (Call 03/15/43)		356		325,453
5.30%, 02/01/55 (Call 08/01/54)		250		243,042
5.75%, 11/01/35		426		443,181
5.80%, 10/15/36		255		262,787
5.85%, 09/15/54 (Call 03/15/54)		845		889,716
Minejesa Capital BV, 5.63%, 08/10/37(a)(b)		506		441,485
Mississippi Power Co.
Series 12-A, 4.25%, 03/15/42		478		397,903
Series B, 3.10%, 07/30/51 (Call 01/30/51)(a)		305		198,402
Monongahela Power Co., 5.40%, 12/15/43
(Call 06/15/43)(b)		789		745,451
Narragansett Electric Co. (The)
4.17%, 12/10/42(b)		282		222,942
5.64%, 03/15/40(b)		273		267,440
National Grid USA, 5.80%, 04/01/35		320		316,548
National Rural Utilities Cooperative Finance Corp.
4.30%, 03/15/49 (Call 09/15/48)		204		169,917
4.40%, 11/01/48 (Call 05/01/48)		188		158,583
Nevada Power Co.
5.38%, 09/15/40 (Call 03/15/40)		270		260,872
5.45%, 05/15/41 (Call 11/15/40)(a)		270		260,999
5.90%, 05/01/53 (Call 11/01/52)(a)		332		340,399
6.00%, 03/15/54 (Call 09/15/53)		420		441,086
Series EE, 3.13%, 08/01/50 (Call 02/01/50)		259		169,226
Series N, 6.65%, 04/01/36		394		422,645
Series R, 6.75%, 07/01/37		290		320,913
New England Power Co.
2.81%, 10/06/50 (Call 04/06/50)(b)		295		182,053
3.80%, 12/05/47 (Call 06/05/47)(b)		116		87,433
5.94%, 11/25/52 (Call 05/25/52)(b)		205		208,299

Security	Par (000)		Value
Electric (continued)
New York State Electric & Gas Corp., 3.30%, 09/15/49 (Call 03/15/49)(a)(b)	$	215	$	140,681
NextEra Energy Capital Holdings Inc.
3.00%, 01/15/52 (Call 07/15/51)		509		322,922
5.25%, 02/28/53 (Call 08/28/52)		955		890,102
5.55%, 03/15/54 (Call 09/15/53)		1,075		1,041,697
Niagara Mohawk Power Corp.
3.03%, 06/27/50 (Call 12/27/49)(b)		349		217,037
4.12%, 11/28/42(b)		235		186,740
4.28%, 10/01/34 (Call 04/01/34)(b)		413		367,395
5.66%, 01/17/54 (Call 07/17/53)(b)		665		645,669
5.78%, 09/16/52 (Call 03/16/52)(a)(b)		655		653,185
Northern States Power Co./MN
2.60%, 06/01/51 (Call 12/01/50)		640		395,238
2.90%, 03/01/50 (Call 09/01/49)		519		338,795
3.20%, 04/01/52 (Call 10/01/51)		316		217,311
3.40%, 08/15/42 (Call 02/15/42)		413		313,393
3.60%, 05/15/46 (Call 11/15/45)		422		321,711
3.60%, 09/15/47 (Call 03/15/47)		477		361,309
4.00%, 08/15/45 (Call 02/15/45)		250		201,566
4.13%, 05/15/44 (Call 11/15/43)(a)		228		188,023
4.50%, 06/01/52 (Call 12/01/51)		440		384,052
4.85%, 08/15/40 (Call 02/15/40)		280		254,099
5.10%, 05/15/53 (Call 11/15/52)(a)		593		566,970
5.25%, 07/15/35(a)		284		283,204
5.35%, 11/01/39		333		328,452
5.40%, 03/15/54 (Call 09/15/53)		670		662,883
6.20%, 07/01/37		320		343,373
6.25%, 06/01/36(a)		361		391,097
NorthWestern Corp., 4.18%, 11/15/44
(Call 05/15/44)(a)		183		147,178
NSTAR Electric Co.
3.10%, 06/01/51 (Call 12/01/50)(a)		412		275,177
4.40%, 03/01/44 (Call 09/01/43)		198		170,512
4.55%, 06/01/52 (Call 12/01/51)		300		260,992
4.95%, 09/15/52 (Call 03/15/52)(a)		390		361,363
5.50%, 03/15/40(a)		472		469,543
Oglethorpe Power Corp.
3.75%, 08/01/50 (Call 02/01/50)		355		255,550
4.20%, 12/01/42		335		262,555
4.25%, 04/01/46 (Call 10/01/45)		160		123,464
4.50%, 04/01/47 (Call 10/01/46)		390		317,298
4.55%, 06/01/44		155		127,807
5.05%, 10/01/48 (Call 04/01/48)		312		275,416
5.25%, 09/01/50		245		226,929
5.38%, 11/01/40		490		459,350
5.95%, 11/01/39		438		436,835
6.20%, 12/01/53 (Call 06/01/53)(a)(b)		335		344,565
Ohio Edison Co.
6.88%, 07/15/36(a)		375		413,644
8.25%, 10/15/38		265		325,625
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)		422		327,285
4.15%, 04/01/48 (Call 10/01/47)		305		242,891
Series F, 5.85%, 10/01/35		275		278,391
Series R, 2.90%, 10/01/51 (Call 04/01/51)		540		346,156
Oklahoma Gas & Electric Co.
3.85%, 08/15/47 (Call 02/15/47)		225		170,597
3.90%, 05/01/43 (Call 11/01/42)(a)		255		202,597
4.00%, 12/15/44 (Call 06/15/44)		185		144,853
4.15%, 04/01/47 (Call 10/01/46)		226		180,026

230 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
4.55%, 03/15/44 (Call 09/15/43)(a)	$	166	$	140,702
5.25%, 05/15/41 (Call 11/15/40)		190		178,871
5.60%, 04/01/53 (Call 10/01/52)		218		219,575
5.85%, 06/01/40		260		261,798
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51 (Call 05/15/51)		487		301,023
3.10%, 09/15/49 (Call 03/15/49)		548		376,174
3.70%, 05/15/50 (Call 11/15/49)		276		209,811
3.75%, 04/01/45 (Call 10/01/44)		384		305,044
3.80%, 09/30/47 (Call 03/30/47)		268		205,907
3.80%, 06/01/49 (Call 12/01/48)		415		325,964
4.10%, 11/15/48 (Call 05/15/48)		334		274,761
4.55%, 12/01/41 (Call 06/01/41)		430		389,218
4.60%, 06/01/52 (Call 12/01/51)		341		301,539
4.95%, 09/15/52 (Call 03/15/52)		736		684,958
5.25%, 09/30/40		505		501,247
5.30%, 06/01/42 (Call 12/01/41)		355		358,530
5.35%, 10/01/52 (Call 04/01/52)(a)		242		240,218
7.50%, 09/01/38		383		457,038
Pacific Gas and Electric Co.
3.30%, 08/01/40 (Call 02/01/40)		681		490,403
3.50%, 08/01/50 (Call 02/01/50)		1,692		1,139,054
3.75%, 08/15/42 (Call 02/15/42)(a)		504		367,666
3.95%, 12/01/47 (Call 06/01/47)		659		479,588
4.00%, 12/01/46 (Call 06/01/46)(a)		547		398,854
4.20%, 06/01/41 (Call 12/01/40)		308		242,114
4.25%, 03/15/46 (Call 09/15/45)		338		257,544
4.30%, 03/15/45 (Call 09/15/44)(a)		450		351,334
4.45%, 04/15/42 (Call 10/15/41)		411		331,334
4.50%, 07/01/40 (Call 01/01/40)		1,443		1,209,085
4.50%, 12/15/41 (Call 06/15/41)		391		302,168
4.60%, 06/15/43 (Call 12/15/42)		200		164,441
4.75%, 02/15/44 (Call 08/15/43)(a)		579		483,403
4.95%, 07/01/50 (Call 01/01/50)		2,680		2,274,863
5.25%, 03/01/52 (Call 09/01/51)		535		474,360
6.70%, 04/01/53 (Call 10/01/52)(a)		761		814,072
6.75%, 01/15/53 (Call 07/15/52)		1,060		1,134,335
PacifiCorp
2.90%, 06/15/52 (Call 12/15/51)		962		586,091
3.30%, 03/15/51 (Call 09/15/50)		490		321,666
4.10%, 02/01/42 (Call 08/01/41)		380		300,168
4.13%, 01/15/49 (Call 07/15/48)		440		343,594
4.15%, 02/15/50 (Call 08/15/49)		412		320,622
5.25%, 06/15/35		350		340,881
5.35%, 12/01/53 (Call 06/01/53)		655		605,003
5.50%, 05/15/54 (Call 11/15/53)(a)		1,010		943,251
5.75%, 04/01/37		575		571,440
6.00%, 01/15/39(a)		649		667,603
6.10%, 08/01/36		355		368,385
6.25%, 10/15/37		563		580,119
6.35%, 07/15/38		235		246,800
PacifiCorp., 5.80%, 01/15/55 (Call 07/15/54)		1,055		1,018,800
PECO Energy Co.
2.80%, 06/15/50 (Call 12/15/49)		297		192,130
2.85%, 09/15/51 (Call 03/15/51)		335		215,069
3.00%, 09/15/49 (Call 03/15/49)		340		227,483
3.05%, 03/15/51 (Call 09/15/50)		295		197,654
3.70%, 09/15/47 (Call 03/15/47)(a)		328		254,583
3.90%, 03/01/48 (Call 09/01/47)		364		292,464
4.15%, 10/01/44 (Call 04/01/44)		284		237,401
4.38%, 08/15/52 (Call 02/15/52)		395		337,762

Security	Par (000)		Value
Electric (continued)
4.60%, 05/15/52 (Call 11/15/51)	$	340	$	301,591
4.80%, 10/15/43 (Call 04/15/43)		295		262,690
5.95%, 10/01/36		281		297,765
Pennsylvania Electric Co., 6.15%, 10/01/38		274		278,415
Perusahaan Perseroan Persero PT Perusahaan
Listrik Negara
4.00%, 06/30/50 (Call 12/30/49)(b)		623		442,378
4.38%, 02/05/50(b)		390		296,248
4.88%, 07/17/49(b)		463		377,760
5.25%, 10/24/42(b)		905		810,604
5.25%, 05/15/47(a)(b)		480		420,146
6.15%, 05/21/48(b)		1,115		1,080,156
6.25%, 01/25/49(b)		475		465,500
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)		486		408,911
5.50%, 03/15/54 (Call 09/15/53)		275		272,828
6.50%, 11/15/37		390		429,559
7.90%, 12/15/38(a)		225		283,698
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		300		204,403
3.95%, 06/01/47 (Call 12/01/46)		355		285,984
4.13%, 06/15/44 (Call 12/15/43)		267		223,622
4.15%, 10/01/45 (Call 04/01/45)		206		169,951
4.15%, 06/15/48 (Call 12/15/47)		307		256,571
4.75%, 07/15/43 (Call 01/15/43)		355		324,984
5.20%, 07/15/41 (Call 01/15/41)(a)		185		176,889
5.25%, 05/15/53 (Call 11/15/52)		633		615,013
6.25%, 05/15/39		260		281,190
Progress Energy Inc., 6.00%, 12/01/39		545		550,130
Public Service Co. of Colorado
3.55%, 06/15/46 (Call 12/15/45)		212		148,976
3.60%, 09/15/42 (Call 03/15/42)		473		363,789
3.80%, 06/15/47 (Call 12/15/46)		336		253,468
3.95%, 03/15/43 (Call 09/15/42)(a)		259		201,153
4.05%, 09/15/49 (Call 03/15/49)		333		259,711
4.10%, 06/15/48 (Call 12/15/47)		337		267,934
4.30%, 03/15/44 (Call 09/15/43)		190		157,878
4.50%, 06/01/52 (Call 12/01/51)		351		295,263
4.75%, 08/15/41 (Call 02/15/41)		284		254,436
5.25%, 04/01/53 (Call 10/01/52)(a)		696		658,152
6.50%, 08/01/38		275		301,125
Series 17, 6.25%, 09/01/37		305		322,793
Series 34, 3.20%, 03/01/50 (Call 09/01/49)		485		328,885
Series 36, 2.70%, 01/15/51 (Call 07/15/50)		345		208,635
Public Service Co. of New Hampshire
3.60%, 07/01/49 (Call 01/01/49)(a)		179		135,785
5.15%, 01/15/53 (Call 07/15/52)(a)		167		159,717
Public Service Co. of Oklahoma
Series G, 6.63%, 11/15/37		249		269,525
Series K, 3.15%, 08/15/51 (Call 02/15/51)(a)		287		192,189
Public Service Electric & Gas Co.
2.05%, 08/01/50 (Call 02/01/50)		266		148,089
2.70%, 05/01/50 (Call 11/01/49)		236		151,559
3.00%, 03/01/51 (Call 09/01/50)		227		149,776
3.15%, 01/01/50 (Call 07/01/49)		239		166,433
3.20%, 08/01/49 (Call 02/01/49)		305		215,580
3.60%, 12/01/47 (Call 06/01/47)		317		242,003
3.65%, 09/01/42 (Call 03/01/42)		365		288,118
3.80%, 01/01/43 (Call 07/01/42)		375		305,379
3.80%, 03/01/46 (Call 09/01/45)		356		279,978
3.85%, 05/01/49 (Call 11/01/48)		331		264,521

S C H E D U L E  O F  I N V E S T M E N T S 231

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.95%, 05/01/42 (Call 11/01/41)	$	436	$	364,700
4.05%, 05/01/48 (Call 11/01/47)(a)		285		237,140
4.15%, 11/01/45 (Call 05/01/45)		184		148,224
5.13%, 03/15/53 (Call 09/15/52)(a)		395		381,872
5.38%, 11/01/39		290		280,523
5.45%, 08/01/53 (Call 02/01/53)(a)		383		384,888
5.45%, 03/01/54 (Call 09/01/53)		425		425,273
5.50%, 03/01/40		275		275,499
5.70%, 12/01/36(a)		274		282,752
5.80%, 05/01/37		397		409,550
Series I, 4.00%, 06/01/44 (Call 12/01/43)		135		107,369
Series K, 4.05%, 05/01/45 (Call 11/01/44)(a)		84		66,725
Puget Sound Energy Inc.
2.89%, 09/15/51 (Call 03/15/51)(a)		165		104,619
3.25%, 09/15/49 (Call 03/15/49)		280		189,458
4.22%, 06/15/48 (Call 12/15/47)		289		232,620
4.30%, 05/20/45 (Call 11/20/44)(a)		181		148,905
4.43%, 11/15/41 (Call 05/15/41)		266		223,357
5.45%, 06/01/53 (Call 12/01/52)(a)		141		139,460
5.48%, 06/01/35		371		370,555
5.64%, 04/15/41 (Call 10/15/40)		300		298,044
5.76%, 10/01/39(a)		375		377,881
5.76%, 07/15/40(a)		270		269,017
5.80%, 03/15/40(a)		299		300,513
6.27%, 03/15/37(a)		525		549,699
6.72%, 06/15/36		80		87,102
Ruwais Power Co. PJSC, 6.00%, 08/31/36(a)(b)		695		687,424
San Diego Gas & Electric Co.
3.70%, 03/15/52 (Call 09/15/51)		311		231,009
3.95%, 11/15/41(a)		298		240,292
4.15%, 05/15/48 (Call 11/15/47)		158		130,124
4.30%, 04/01/42 (Call 10/01/41)		317		266,792
4.50%, 08/15/40		457		406,192
5.35%, 05/15/35		434		430,687
5.35%, 05/15/40		330		317,265
5.35%, 04/01/53 (Call 10/01/52)		574		556,817
6.00%, 06/01/39		248		259,005
Series FFF, 6.13%, 09/15/37(a)		240		242,539
Series RRR, 3.75%, 06/01/47 (Call 12/01/46)		134		103,549
Series TTT, 4.10%, 06/15/49 (Call 12/15/48)(a)		196		158,402
Series UUU, 3.32%, 04/15/50 (Call 10/15/49)		244		169,520
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)(a)		502		334,136
Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/43(a)(b)		505		472,196
Saudi Electricity Global Sukuk Co. 3, 5.50%, 04/08/44(b)		622		604,895
Sempra
3.80%, 02/01/38 (Call 08/01/37)		608		498,887
4.00%, 02/01/48 (Call 08/01/47)		673		523,332
6.00%, 10/15/39		877		886,777
Sierra Pacific Power Co.
5.90%, 03/15/54 (Call 09/15/53)(b)		327		334,482
Series P, 6.75%, 07/01/37(a)		150		159,309
Solar Star Funding LLC, 5.38%, 06/30/35(b)		74		73,147
Southern California Edison Co.
3.45%, 02/01/52 (Call 08/01/51)		605		422,096
3.65%, 02/01/50 (Call 08/01/49)		1,089		797,068
3.90%, 12/01/41 (Call 06/01/41)		395		313,454
4.00%, 04/01/47 (Call 10/01/46)		1,404		1,095,664
4.05%, 03/15/42 (Call 09/15/41)		415		340,676

Security	Par (000)		Value
Electric (continued)
4.50%, 09/01/40 (Call 03/01/40)	$	422	$	367,987
4.65%, 10/01/43 (Call 04/01/43)		561		491,293
5.50%, 03/15/40		508		502,465
5.63%, 02/01/36		364		362,927
5.70%, 03/01/53 (Call 09/01/52)(a)		265		263,472
5.75%, 04/15/54 (Call 10/15/53)		425		423,287
5.88%, 12/01/53 (Call 06/01/53)		576		584,209
6.05%, 03/15/39		457		471,089
Series 04-G, 5.75%, 04/01/35		385		387,477
Series 05-B, 5.55%, 01/15/36(a)		285		281,959
Series 05-E, 5.35%, 07/15/35		385		383,793
Series 06-E, 5.55%, 01/15/37(a)		358		355,328
Series 08-A, 5.95%, 02/01/38		532		545,577
Series 13-A, 3.90%, 03/15/43 (Call 09/15/42)		397		314,004
Series 20A, 2.95%, 02/01/51 (Call 08/01/50)(a)		480		308,410
Series B, 4.88%, 03/01/49 (Call 09/01/48)		571		507,900
Series C, 3.60%, 02/01/45 (Call 08/01/44)		324		239,720
Series C, 4.13%, 03/01/48 (Call 09/01/47)		1,063		850,154
Series E, 5.45%, 06/01/52 (Call 12/01/51)		280		268,466
Series H, 3.65%, 06/01/51 (Call 12/01/50)		319		234,275
Southern Co. (The)
4.25%, 07/01/36 (Call 01/01/36)		202		178,693
4.40%, 07/01/46 (Call 01/01/46)(a)		1,654		1,394,083
Southern Power Co.
5.15%, 09/15/41		470		433,004
5.25%, 07/15/43		265		244,538
Series F, 4.95%, 12/15/46 (Call 06/15/46)		318		278,631
Southwestern Electric Power Co.
3.25%, 11/01/51 (Call 05/01/51)(a)		635		416,902
6.20%, 03/15/40		324		334,049
Series J, 3.90%, 04/01/45 (Call 10/01/44)		348		265,942
Series L, 3.85%, 02/01/48 (Call 08/01/47)		406		296,617
Southwestern Public Service Co.
3.40%, 08/15/46 (Call 02/15/46)(a)		252		175,252
3.70%, 08/15/47 (Call 02/15/47)		343		243,704
3.75%, 06/15/49 (Call 12/15/48)		261		189,057
4.50%, 08/15/41 (Call 02/15/41)		311		257,373
6.00%, 10/01/36		226		226,313
Series 6, 4.40%, 11/15/48 (Call 05/15/48)		202		160,917
Series 8, 3.15%, 05/01/50 (Call 11/01/49)(a)		493		317,399
Star Energy Geothermal Darajat II/Star Energy
Geothermal Salak, 4.85%, 10/14/38
(Call 10/14/29)(b)		485		442,650
State Grid Overseas Investment 2013 Ltd., 4.38%, 05/22/43(a)(b)		235		213,773
State Grid Overseas Investment 2014 Ltd., 4.85%, 05/07/44(a)(b)		525		507,466
State Grid Overseas Investment BVI Ltd., 4.00%, 05/04/47(a)(b)		290		246,431
Tampa Electric Co.
3.45%, 03/15/51 (Call 09/15/50)		295		205,056
3.63%, 06/15/50 (Call 12/15/49)		230		167,384
4.10%, 06/15/42 (Call 12/15/41)		558		455,074
4.20%, 05/15/45 (Call 11/15/44)		128		100,548
4.30%, 06/15/48 (Call 12/15/47)		180		147,796
4.35%, 05/15/44 (Call 11/15/43)		199		165,478
4.45%, 06/15/49 (Call 12/15/48)		136		115,430
5.00%, 07/15/52 (Call 01/15/52)(a)		270		245,794
6.15%, 05/15/37(a)		315		324,752
6.55%, 05/15/36		240		254,693

232 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Tierra Mojada Luxembourg II Sarl, 5.75%, 12/01/40
(Call 12/01/37)(b)	$	330	$	294,897
Toledo Edison Co. (The), 6.15%, 05/15/37		370		389,886
Tri-State Generation & Transmission
Association Inc.
4.70%, 11/01/44 (Call 05/01/44)		196		149,432
6.00%, 06/15/40(b)		497		465,602
Tucson Electric Power Co.
3.25%, 05/01/51 (Call 11/01/50)		226		151,753
4.00%, 06/15/50 (Call 12/15/49)		241		185,215
4.85%, 12/01/48 (Call 06/01/48)(a)		189		167,136
5.50%, 04/15/53 (Call 10/15/52)		275		268,656
Union Electric Co.
2.63%, 03/15/51 (Call 09/15/50)		601		362,967
3.25%, 10/01/49 (Call 04/01/49)		347		236,492
3.65%, 04/15/45 (Call 10/15/44)		376		282,924
3.90%, 09/15/42 (Call 03/15/42)(a)		534		432,150
3.90%, 04/01/52 (Call 10/01/51)		500		389,213
4.00%, 04/01/48 (Call 10/01/47)		261		205,530
5.25%, 01/15/54 (Call 07/15/53)		325		307,715
5.30%, 08/01/37		337		335,163
5.45%, 03/15/53 (Call 09/15/52)(a)		334		327,707
8.45%, 03/15/39		377		479,611
Virginia Electric & Power Co.
2.45%, 12/15/50 (Call 06/15/50)		828		480,280
2.95%, 11/15/51 (Call 05/15/51)		718		460,520
3.30%, 12/01/49 (Call 06/01/49)		292		205,639
4.00%, 01/15/43 (Call 07/15/42)		516		421,408
4.45%, 02/15/44 (Call 08/15/43)		373		320,818
4.60%, 12/01/48 (Call 06/01/48)		317		275,472
5.35%, 01/15/54 (Call 07/15/53)(a)		375		360,908
5.45%, 04/01/53 (Call 10/01/52)		617		604,232
5.70%, 08/15/53 (Call 02/15/53)		540		546,488
6.35%, 11/30/37		432		461,852
8.88%, 11/15/38(a)		592		787,188
Series A, 6.00%, 05/15/37		433		449,554
Series B, 3.80%, 09/15/47 (Call 03/15/47)		494		376,381
Series B, 4.20%, 05/15/45 (Call 11/15/44)		272		224,126
Series B, 6.00%, 01/15/36		588		614,686
Series C, 4.00%, 11/15/46 (Call 05/15/46)		407		323,641
Series C, 4.63%, 05/15/52 (Call 11/15/51)		528		455,865
Series D, 4.65%, 08/15/43 (Call 02/15/43)		513		453,710
Wisconsin Electric Power Co.
3.65%, 12/15/42 (Call 06/15/42)(a)		291		221,691
4.25%, 06/01/44 (Call 12/01/43)		71		58,240
4.30%, 12/15/45 (Call 06/15/45)(a)		181		147,870
4.30%, 10/15/48 (Call 04/15/48)(a)		175		146,337
5.70%, 12/01/36(a)		265		272,537
Wisconsin Power and Light Co.
3.65%, 04/01/50 (Call 10/01/49)		202		147,293
4.10%, 10/15/44 (Call 04/15/44)		170		132,898
6.38%, 08/15/37(a)		350		372,115
7.60%, 10/01/38		170		198,503
Wisconsin Public Service Corp.
2.85%, 12/01/51 (Call 06/01/51)		660		416,010
3.30%, 09/01/49 (Call 03/01/49)(a)		199		139,671
3.67%, 12/01/42		448		350,285
4.75%, 11/01/44 (Call 05/01/44)(a)		270		240,531
Xcel Energy Inc.
3.50%, 12/01/49 (Call 06/01/49)		406		279,411
4.80%, 09/15/41 (Call 03/15/41)(a)		203		174,835

Security	Par (000)		Value
Electric (continued)
6.50%, 07/01/36(a)	$	315	$	331,234
				267,342,390
Electrical Components & Equipment — 0.1%
Emerson Electric Co.
2.75%, 10/15/50 (Call 04/15/50)		416		266,047
2.80%, 12/21/51 (Call 06/21/51)(a)		840		542,239
5.25%, 11/15/39		315		318,555
6.13%, 04/15/39(a)		225		240,003
				1,366,844
Electronics — 0.2%
Fortive Corp., 4.30%, 06/15/46 (Call 12/15/45)		339		276,883
Honeywell International Inc.
2.80%, 06/01/50 (Call 12/01/49)(a)		494		343,255
3.81%, 11/21/47 (Call 05/21/47)		360		289,074
5.00%, 03/01/35 (Call 12/01/34)		575		573,288
5.25%, 03/01/54 (Call 09/01/53)		575		573,831
5.35%, 03/01/64 (Call 09/01/63)		575		574,283
5.38%, 03/01/41		469		478,764
5.70%, 03/15/36		571		602,935
5.70%, 03/15/37		591		617,943
Tyco Electronics Group SA, 7.13%, 10/01/37		433		493,021
				4,823,277
Energy - Alternate Sources — 0.0%
Sweihan PV Power Co. PJSC, 3.63%, 01/31/49(b)		228		180,191
Engineering & Construction — 0.2%
Aeropuerto Internacional de Tocumen SA
4.00%, 08/11/41 (Call 08/11/40)(a)(b)		680		481,100
5.13%, 08/11/61 (Call 08/11/60)(b)		1,120		782,768
LBJ Infrastructure Group LLC, 3.80%, 12/31/57
(Call 06/30/57)(a)(b)		332		224,067
Mexico City Airport Trust
5.50%, 10/31/46 (Call 04/30/46)(b)		461		381,682
5.50%, 07/31/47 (Call 01/31/47)(b)		1,696		1,409,800
				3,279,417
Entertainment — 0.4%
Warnermedia Holdings Inc.
5.05%, 03/15/42 (Call 09/15/41)		3,205		2,695,141
5.14%, 03/15/52 (Call 09/15/51)		5,803		4,715,492
5.39%, 03/15/62 (Call 09/15/61)		2,555		2,061,184
				9,471,817
Environmental Control — 0.2%
Nature Conservancy (The), Series A, 3.96%, 03/01/52 (Call 09/01/51)(a)		190		161,140
Republic Services Inc.
3.05%, 03/01/50 (Call 09/01/49)		333		230,966
5.70%, 05/15/41 (Call 11/15/40)		308		319,499
6.20%, 03/01/40		412		447,376
Waste Connections Inc.
2.95%, 01/15/52 (Call 07/15/51)(a)		654		432,944
3.05%, 04/01/50 (Call 10/01/49)		415		282,607
Waste Management Inc.
2.50%, 11/15/50 (Call 05/15/50)		412		254,468
2.95%, 06/01/41 (Call 12/01/40)		169		125,090
3.90%, 03/01/35 (Call 09/01/34)		154		135,626
4.10%, 03/01/45 (Call 09/01/44)		315		270,275
4.15%, 07/15/49 (Call 01/15/49)		633		537,288
				3,197,279

S C H E D U L E  O F  I N V E S T M E N T S 233

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food — 1.9%
Bimbo Bakeries USA Inc.
4.00%, 05/17/51 (Call 11/17/50)(b)	$	535	$	411,720
5.38%, 01/09/36 (Call 10/09/35)(b)		85		84,382
Campbell Soup Co.
3.13%, 04/24/50 (Call 10/24/49)(a)		463		300,905
4.80%, 03/15/48 (Call 09/15/47)(a)		467		409,908
Cencosud SA, 6.63%, 02/12/45 (Call 08/12/44)(b)		200		203,500
Conagra Brands Inc.
5.30%, 11/01/38 (Call 05/01/38)		833		788,587
5.40%, 11/01/48 (Call 05/01/48)(a)		785		724,823
General Mills Inc.
3.00%, 02/01/51 (Call 08/01/50)(a)		611		393,654
4.15%, 02/15/43 (Call 08/15/42)		210		175,280
4.55%, 04/17/38 (Call 10/17/37)		249		220,978
4.70%, 04/17/48 (Call 10/17/47)(a)		227		202,145
5.40%, 06/15/40		436		425,843
Grupo Bimbo SAB de CV
4.00%, 09/06/49 (Call 03/06/49)(a)(b)		445		347,589
4.70%, 11/10/47 (Call 05/10/47)(b)		599		516,857
4.88%, 06/27/44(b)		295		261,363
Hershey Co. (The)
2.65%, 06/01/50 (Call 12/01/49)		298		193,474
3.13%, 11/15/49 (Call 05/15/49)		235		168,677
3.38%, 08/15/46 (Call 02/15/46)(a)		204		154,052
Hormel Foods Corp., 3.05%, 06/03/51
(Call 12/03/50)(a)		509		342,242
Ingredion Inc.
3.90%, 06/01/50 (Call 12/01/49)(a)		185		135,106
6.63%, 04/15/37		169		182,328
J M Smucker Co. (The)
6.50%, 11/15/43 (Call 05/15/43)(a)		720		771,139
6.50%, 11/15/53 (Call 05/15/53)(a)		905		983,355
JBS USA LUX SA/JBS USA Food Co./JBS
Luxembourg SARL, 7.25%, 11/15/53
(Call 05/15/53)(a)(b)		920		963,908
JBS USA LUX SA/JBS USA Food Co./JBS USA
Finance Inc.
4.38%, 02/02/52 (Call 08/02/51)		975		701,442
6.50%, 12/01/52 (Call 06/01/52)		1,425		1,370,149
JM Smucker Co. (The)
2.75%, 09/15/41 (Call 03/15/41)		141		94,104
3.55%, 03/15/50 (Call 09/15/49)		204		142,431
4.25%, 03/15/35		499		447,672
4.38%, 03/15/45		472		394,950
Kellanova, 4.50%, 04/01/46		475		409,475
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40		380		377,108
Kraft Heinz Foods Co.
4.38%, 06/01/46 (Call 12/01/45)		2,285		1,893,077
4.63%, 10/01/39 (Call 04/01/39)		90		81,279
4.88%, 10/01/49 (Call 04/01/49)(a)		979		873,407
5.00%, 07/15/35 (Call 01/15/35)		186		181,651
5.00%, 06/04/42		1,375		1,271,154
5.20%, 07/15/45 (Call 01/15/45)		1,431		1,336,084
5.50%, 06/01/50 (Call 12/01/49)		715		695,445
6.50%, 02/09/40		588		638,077
6.88%, 01/26/39		685		770,589
7.13%, 08/01/39(b)		748		851,368
Kroger Co. (The)
3.88%, 10/15/46 (Call 04/15/46)		329		250,183
3.95%, 01/15/50 (Call 07/15/49)		654		513,684
4.45%, 02/01/47 (Call 08/01/46)(a)		1,099		929,426

Security	Par (000)		Value
Food (continued)
4.65%, 01/15/48 (Call 07/15/47)	$	415	$	361,661
5.00%, 04/15/42 (Call 10/15/41)		402		368,835
5.15%, 08/01/43 (Call 02/01/43)		374		348,335
5.40%, 07/15/40 (Call 01/15/40)		300		287,771
5.40%, 01/15/49 (Call 07/15/48)		331		323,495
6.90%, 04/15/38		523		584,297
Mars Inc.
2.38%, 07/16/40 (Call 01/16/40)(b)		790		543,730
2.45%, 07/16/50 (Call 01/16/50)(a)(b)		377		226,108
3.88%, 04/01/39 (Call 10/01/38)(a)(b)		529		453,475
3.95%, 04/01/44 (Call 10/01/43)(b)		242		197,801
3.95%, 04/01/49 (Call 10/01/48)(a)(b)		758		612,705
4.13%, 04/01/54 (Call 10/01/53)(b)		432		352,205
4.20%, 04/01/59 (Call 10/01/58)(b)		531		436,567
McCormick & Co. Inc./MD, 4.20%, 08/15/47
(Call 02/15/47)(a)		189		156,041
Mondelez International Inc., 2.63%, 09/04/50
(Call 03/04/50)		1,035		649,461
Nestle Holdings Inc.
2.50%, 09/14/41 (Call 03/14/41)(b)		150		105,704
2.63%, 09/14/51 (Call 03/14/51)(b)		711		457,369
3.90%, 09/24/38 (Call 03/24/38)(b)		787		691,172
4.00%, 09/24/48 (Call 03/24/48)(b)		1,692		1,428,277
4.70%, 01/15/53 (Call 07/15/52)(b)		755		710,717
Sysco Corp.
3.15%, 12/14/51 (Call 06/14/51)(a)		641		434,753
3.30%, 02/15/50 (Call 08/15/49)		394		278,284
4.45%, 03/15/48 (Call 09/15/47)		468		394,057
4.50%, 04/01/46 (Call 10/01/45)		366		313,415
4.85%, 10/01/45 (Call 04/01/45)		420		381,892
5.38%, 09/21/35(a)		320		322,702
6.60%, 04/01/40 (Call 10/01/39)(a)		215		235,031
6.60%, 04/01/50 (Call 10/01/49)		1,029		1,162,818
Tesco PLC, 6.15%, 11/15/37(a)(b)		445		446,090
Tyson Foods Inc.
4.55%, 06/02/47 (Call 12/02/46)		551		446,174
4.88%, 08/15/34 (Call 02/15/34)(a)		543		515,668
5.10%, 09/28/48 (Call 03/28/48)		1,238		1,092,270
5.15%, 08/15/44 (Call 02/15/44)		417		375,290
				39,278,740
Forest Products & Paper — 0.2%
Celulosa Arauco y Constitucion SA
5.15%, 01/29/50 (Call 07/29/49)(b)		300		242,511
5.50%, 11/02/47 (Call 05/02/47)		280		236,043
5.50%, 04/30/49 (Call 10/30/48)(a)(b)		380		320,906
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)(a)		681		577,425
4.40%, 08/15/47 (Call 02/15/47)(a)		684		568,247
4.80%, 06/15/44 (Call 12/15/43)(a)		536		475,308
5.00%, 09/15/35 (Call 03/15/35)		81		78,295
5.15%, 05/15/46 (Call 11/15/45)(a)		170		156,036
6.00%, 11/15/41 (Call 05/15/41)(a)		628		648,372
7.30%, 11/15/39		24		27,780
Suzano Austria GmbH, 7.00%, 03/16/47
(Call 09/16/46)(a)(b)		1,058		1,097,757
				4,428,680
Gas — 0.9%
APA Infrastructure Ltd., 5.00%, 03/23/35
(Call 12/23/34)(b)		185		171,629

234 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Gas (continued)
Atmos Energy Corp.
2.85%, 02/15/52 (Call 08/15/51)(a)	$	477	$	305,195
3.38%, 09/15/49 (Call 03/15/49)		405		291,677
4.13%, 10/15/44 (Call 04/15/44)		599		510,908
4.13%, 03/15/49 (Call 09/15/48)		377		310,898
4.15%, 01/15/43 (Call 07/15/42)(a)		457		391,215
4.30%, 10/01/48 (Call 04/01/48)		471		403,408
5.50%, 06/15/41 (Call 12/15/40)		335		336,721
5.75%, 10/15/52 (Call 04/15/52)		410		431,003
6.20%, 11/15/53 (Call 05/15/53)		400		442,410
Boston Gas Co.
4.49%, 02/15/42(b)		430		350,852
6.12%, 07/20/53 (Call 01/20/53)(a)(b)		325		327,118
Brooklyn Union Gas Co. (The)
4.27%, 03/15/48 (Call 09/15/47)(a)(b)		535		405,785
4.49%, 03/04/49 (Call 09/04/48)(b)		347		267,760
4.50%, 03/10/46 (Call 09/10/45)(b)		337		262,180
CenterPoint Energy Resources Corp.
4.10%, 09/01/47 (Call 03/01/47)		206		164,060
5.85%, 01/15/41 (Call 07/15/40)		461		471,051
6.63%, 11/01/37(a)		265		287,209
Centrica PLC, 5.38%, 10/16/43 (Call 04/16/43)(b)		379		331,989
East Ohio Gas Co. (The), 3.00%, 06/15/50 (Call 12/15/49)(b)		597		372,459
KeySpan Gas East Corp.
3.59%, 01/18/52 (Call 07/18/51)(b)		339		227,052
5.82%, 04/01/41(b)		685		648,725
Korea Gas Corp., 6.25%, 01/20/42(b)		610		686,639
Mega Advance Investments Ltd., 6.38%, 05/12/41(a)(b)		360		386,194
NiSource Inc.
3.95%, 03/30/48 (Call 09/30/47)		335		257,565
4.38%, 05/15/47 (Call 11/15/46)		520		431,243
4.80%, 02/15/44 (Call 08/15/43)		705		625,971
5.00%, 06/15/52 (Call 12/15/51)		484		438,955
5.25%, 02/15/43 (Call 08/15/42)		604		571,146
5.65%, 02/01/45 (Call 08/01/44)		418		409,380
5.80%, 02/01/42 (Call 08/01/41)		349		329,717
5.95%, 06/15/41 (Call 12/15/40)		292		295,293
ONE Gas Inc.
4.50%, 11/01/48 (Call 05/01/48)(a)		292		251,038
4.66%, 02/01/44 (Call 08/01/43)(a)		446		398,986
Piedmont Natural Gas Co. Inc.
3.35%, 06/01/50 (Call 12/01/49)		442		294,249
3.64%, 11/01/46 (Call 05/01/46)		85		59,907
4.10%, 09/18/34 (Call 03/18/34)		95		83,717
4.65%, 08/01/43 (Call 02/01/43)		339		291,942
5.05%, 05/15/52 (Call 11/15/51)		265		238,390
Southern California Gas Co.
3.75%, 09/15/42 (Call 03/15/42)(a)		530		417,651
4.45%, 03/15/44 (Call 09/15/43)		175		146,467
5.13%, 11/15/40		264		250,712
5.75%, 06/01/53 (Call 12/01/52)		400		404,407
6.35%, 11/15/52 (Call 05/15/52)(a)		513		564,233
Series KK, 5.75%, 11/15/35(a)		320		319,178
Series UU, 4.13%, 06/01/48 (Call 12/01/47)		305		247,881
Series VV, 4.30%, 01/15/49 (Call 07/15/48)		429		351,747
Series WW, 3.95%, 02/15/50 (Call 08/15/49)		285		219,073
Southern Co. Gas Capital Corp.
3.95%, 10/01/46 (Call 04/01/46)		416		315,380
4.40%, 06/01/43 (Call 12/01/42)		592		490,286

Security	Par (000)		Value
Gas (continued)
4.40%, 05/30/47 (Call 11/30/46)	$	340	$	275,875
5.88%, 03/15/41 (Call 09/15/40)		511		510,119
6.00%, 10/01/34		150		150,119
Series 21A, 3.15%, 09/30/51 (Call 03/30/51)		320		207,276
Southwest Gas Corp.
3.18%, 08/15/51 (Call 02/15/51)		221		140,281
3.80%, 09/29/46 (Call 03/29/46)		165		120,552
4.15%, 06/01/49 (Call 12/01/48)		237		180,501
Spire Inc., 4.70%, 08/15/44 (Call 02/15/44)		195		165,312
Spire Missouri Inc., 3.30%, 06/01/51 (Call 12/01/50)		230		156,493
Washington Gas Light Co.
3.65%, 09/15/49 (Call 03/15/49)(a)		300		218,951
Series K, 3.80%, 09/15/46 (Call 03/15/46)		346		255,553
				19,869,683
Hand & Machine Tools — 0.1%
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)		298		209,220
4.10%, 03/01/48 (Call 09/01/47)		168		140,173
Stanley Black & Decker Inc.
2.75%, 11/15/50 (Call 05/15/50)		529		307,172
4.85%, 11/15/48 (Call 05/15/48)		300		259,737
5.20%, 09/01/40		655		610,450
				1,526,752
Health Care - Products — 1.3%
Abbott Laboratories
4.75%, 11/30/36 (Call 05/30/36)		1,694		1,660,751
4.75%, 04/15/43 (Call 10/15/42)		441		423,027
4.90%, 11/30/46 (Call 05/30/46)		2,806		2,704,852
5.30%, 05/27/40		650		664,364
6.00%, 04/01/39(a)		502		557,509
6.15%, 11/30/37		702		777,440
Alcon Finance Corp.
3.80%, 09/23/49 (Call 03/23/49)(b)		311		240,691
5.75%, 12/06/52 (Call 06/06/52)(b)		635		654,065
Baxter International Inc.
3.13%, 12/01/51 (Call 06/01/51)(a)		758		494,774
3.50%, 08/15/46 (Call 02/15/46)		188		133,162
4.50%, 06/15/43 (Call 12/15/42)(a)		530		429,079
6.25%, 12/01/37(a)		230		232,562
Boston Scientific Corp.
4.55%, 03/01/39 (Call 09/01/38)		369		342,268
4.70%, 03/01/49 (Call 09/01/48)(a)		526		482,679
6.50%, 11/15/35		344		380,123
7.38%, 01/15/40(a)		300		351,598
Covidien International Finance SA, 6.55%, 10/15/37		295		327,384
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)(a)		936		592,948
2.80%, 12/10/51 (Call 06/10/51)(a)		989		642,936
4.38%, 09/15/45 (Call 03/15/45)		320		282,457
DH Europe Finance II Sarl
3.25%, 11/15/39 (Call 05/15/39)		606		482,179
3.40%, 11/15/49 (Call 05/15/49)		922		689,868
GE HealthCare Technologies Inc., 6.38%, 11/22/52 (Call 05/22/52)		884		981,719
HCA Inc., 4.38%, 03/15/42 (Call 09/15/41)		350		290,658
Koninklijke Philips NV
5.00%, 03/15/42		494		447,215
6.88%, 03/11/38(a)		959		1,030,250

S C H E D U L E  O F  I N V E S T M E N T S 235

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Products (continued)
Medtronic Inc.
4.00%, 04/01/43 (Call 10/01/42)(a)	$	80	$	68,300
4.38%, 03/15/35		1,787		1,684,782
4.63%, 03/15/45		1,630		1,512,895
Revvity Inc., 3.63%, 03/15/51 (Call 09/15/50)		164		113,865
Solventum Corp.
5.90%, 04/30/54 (Call 10/30/53)(a)(b)		950		929,757
6.00%, 05/15/64 (Call 11/15/63)(b)		950		922,650
STERIS Irish FinCo UnLtd Co., 3.75%, 03/15/51
(Call 09/15/50)		463		342,498
Stryker Corp.
2.90%, 06/15/50 (Call 12/15/49)(a)		295		201,974
4.10%, 04/01/43 (Call 10/01/42)		427		361,159
4.38%, 05/15/44 (Call 11/15/43)		298		262,844
4.63%, 03/15/46 (Call 09/15/45)		800		728,016
Thermo Fisher Scientific Inc.
2.80%, 10/15/41 (Call 04/15/41)		1,026		738,495
4.10%, 08/15/47 (Call 02/15/47)		933		782,062
5.30%, 02/01/44 (Call 08/01/43)		358		356,759
5.40%, 08/10/43 (Call 04/10/43)(a)		574		580,185
Zimmer Biomet Holdings Inc.
4.25%, 08/15/35 (Call 02/15/35)		194		170,851
4.45%, 08/15/45 (Call 02/15/45)(a)		189		167,266
5.75%, 11/30/39		390		387,679
				26,608,595
Health Care - Services — 4.0%
AdventHealth Obligated Group, Series E, 2.80%, 11/15/51 (Call 05/15/51)(a)		182		118,433
Adventist Health System/West, 3.63%, 03/01/49 (Call 09/01/48)		225		165,609
Advocate Health & Hospitals Corp.
3.39%, 10/15/49 (Call 04/15/49)		248		186,205
4.27%, 08/15/48 (Call 02/15/48)		228		196,107
Series 2020, 3.01%, 06/15/50 (Call 12/15/49)		145		98,585
Aetna Inc.
3.88%, 08/15/47 (Call 02/15/47)(a)		789		589,907
4.13%, 11/15/42 (Call 05/15/42)		386		308,578
4.50%, 05/15/42 (Call 11/15/41)		614		521,169
4.75%, 03/15/44 (Call 09/15/43)		207		178,520
6.63%, 06/15/36		855		930,680
6.75%, 12/15/37		647		705,839
AHS Hospital Corp.
5.02%, 07/01/45		329		313,978
Series 2021, 2.78%, 07/01/51 (Call 01/01/51)		84		54,941
Allina Health System
2.90%, 11/15/51 (Call 05/15/51)		240		157,180
4.81%, 11/15/45 (Call 05/15/45)		160		146,885
Series 2019, 3.89%, 04/15/49 (Call 10/15/48)		186		151,801
Ascension Health
3.95%, 11/15/46(a)		894		752,469
4.85%, 11/15/53		410		392,126
Series B, 3.11%, 11/15/39 (Call 05/15/39)		454		354,022
Banner Health
2.91%, 01/01/42 (Call 07/01/41)		175		127,846
2.91%, 01/01/51 (Call 07/01/50)(a)		250		161,327
Series 2020, 3.18%, 01/01/50 (Call 07/01/49)(a)		258		182,988
Baptist Health South Florida Inc., Series 2017,
4.34%, 11/15/41		193		168,117
Baptist Health South Florida Obligated Group,
Series 2021, 3.12%, 11/15/71 (Call 05/15/71)(a)		10		5,920

Security	Par (000)		Value
Health Care - Services (continued)
Baptist Healthcare System Obligated Group,
Series 20B, 3.54%, 08/15/50 (Call 02/15/50)(a)	$	235	$	174,334
BayCare Health System Inc., Series 2020, 3.83%, 11/15/50 (Call 05/15/50)(a)		241		197,325
Baylor Scott & White Holdings
3.97%, 11/15/46 (Call 05/15/46)		260		215,343
4.19%, 11/15/45 (Call 05/15/45)		173		151,137
Series 2021, 2.84%, 11/15/50 (Call 11/15/49)(a)		673		445,965
Beth Israel Lahey Health Inc., Series L, 3.08%, 07/01/51 (Call 01/01/51)		195		123,568
Bon Secours Mercy Health Inc., Series 20-2,
3.21%, 06/01/50 (Call 12/01/49)		190		134,126
Catholic Health Services of Long Island Obligated
Group, Series 2020, 3.37%, 07/01/50
(Call 01/01/50)(a)		192		131,653
Children’s Health System of Texas, 2.51%, 08/15/50 (Call 02/15/50)(a)		212		131,721
Children’s Hospital Corp. (The)
Series 2017, 4.12%, 01/01/47 (Call 07/01/46)		197		166,518
Series 2020, 2.59%, 02/01/50 (Call 08/01/49)		201		123,735
Children’s Hospital Medical Center/Cincinnati OH,
4.27%, 05/15/44		176		155,261
Children’s Hospital of Philadelphia (The), Series 2020, 2.70%, 07/01/50 (Call 01/01/50)		150		97,892
Children’s Hospital/DC, Series 2020, 2.93%, 07/15/50 (Call 01/15/50)		79		50,599
City of Hope
Series 2013, 5.62%, 11/15/43		337		328,747
Series 2018, 4.38%, 08/15/48 (Call 02/15/48)(a)		198		166,002
Cleveland Clinic Foundation (The), 4.86%, 01/01/2114(a)		335		304,651
CommonSpirit Health
3.82%, 10/01/49 (Call 04/01/49)		418		317,602
3.91%, 10/01/50 (Call 04/01/50)		497		381,858
4.19%, 10/01/49 (Call 04/01/49)		837		679,100
4.35%, 11/01/42(a)		744		634,788
6.46%, 11/01/52 (Call 05/01/52)(a)		215		242,496
Community Health Network Inc., Series 20-A,
3.10%, 05/01/50 (Call 11/01/49)		139		93,165
Corewell Health Obligated Group, Series 19A,
3.49%, 07/15/49 (Call 01/15/49)		154		116,422
Cottage Health Obligated Group, Series 2020,
3.30%, 11/01/49 (Call 05/01/49)(a)		279		197,772
Dartmouth-Hitchcock Health, Series B, 4.18%, 08/01/48 (Call 02/01/48)(a)		194		146,871
Dignity Health
4.50%, 11/01/42		231		198,943
5.27%, 11/01/64(a)		160		148,572
Duke University Health System Inc., Series 2017,
3.92%, 06/01/47 (Call 12/01/46)		279		230,962
Elevance Health Inc.
3.13%, 05/15/50 (Call 11/15/49)		742		508,664
3.60%, 03/15/51 (Call 09/15/50)		1,084		809,303
3.70%, 09/15/49 (Call 03/15/49)		861		652,452
4.38%, 12/01/47 (Call 06/01/47)		1,213		1,030,647
4.55%, 03/01/48 (Call 09/01/47)		747		653,536
4.55%, 05/15/52 (Call 11/15/51)		696		607,944
4.63%, 05/15/42		866		779,919
4.65%, 01/15/43(a)		760		687,653
4.65%, 08/15/44 (Call 02/15/44)		692		616,741
4.85%, 08/15/54 (Call 02/15/54)		152		129,746

236 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
5.10%, 01/15/44	$	595	$	561,483
5.13%, 02/15/53 (Call 08/15/52)		992		937,267
5.85%, 01/15/36(a)		403		419,079
5.95%, 12/15/34		373		390,653
6.10%, 10/15/52 (Call 04/15/52)		764		820,552
6.38%, 06/15/37		396		428,665
Franciscan Missionaries of Our Lady Health
System Inc., Series B, 3.91%, 07/01/49
(Call 01/01/49)(a)		155		120,971
Fred Hutchinson Cancer Center, 4.97%, 01/01/52
(Call 07/01/51)		120		113,794
Hackensack Meridian Health Inc.
4.21%, 07/01/48 (Call 01/01/48)(a)		385		334,261
4.50%, 07/01/57 (Call 01/01/57)		150		126,528
Series 2020, 2.68%, 09/01/41 (Call 03/01/41)		380		264,724
Series 2020, 2.88%, 09/01/50 (Call 03/01/50)		304		202,248
Hartford HealthCare Corp., 3.45%, 07/01/54(a)		80		55,887
HCA Inc.
3.50%, 07/15/51 (Call 01/15/51)		1,494		1,009,490
4.63%, 03/15/52 (Call 09/15/51)		1,803		1,476,229
5.13%, 06/15/39 (Call 12/15/38)		946		879,102
5.25%, 06/15/49 (Call 12/15/48)		1,831		1,648,725
5.50%, 06/15/47 (Call 12/15/46)		1,267		1,179,664
5.90%, 06/01/53 (Call 12/01/52)		935		918,379
6.00%, 04/01/54 (Call 10/01/53)		635		630,224
6.10%, 04/01/64 (Call 10/01/63)		725		715,887
Health Care Service Corp. A Mutual Legal Reserve
Co., 3.20%, 06/01/50 (Call 12/01/49)(b)		519		351,897
Hoag Memorial Hospital Presbyterian, 3.80%, 07/15/52 (Call 01/15/52)(a)		222		181,180
Humana Inc.
3.95%, 08/15/49 (Call 02/15/49)		414		323,558
4.63%, 12/01/42 (Call 06/01/42)		610		535,600
4.80%, 03/15/47 (Call 09/15/46)		328		285,880
4.95%, 10/01/44 (Call 04/01/44)		615		554,680
5.50%, 03/15/53 (Call 09/15/52)(a)		615		595,718
8.15%, 06/15/38		269		320,619
Indiana University Health Inc. Obligated Group
3.97%, 11/01/48 (Call 05/01/48)		214		177,420
Series 2021, 2.85%, 11/01/51 (Call 05/01/51)		175		114,928
Inova Health System Foundation, 4.07%, 05/15/52
(Call 11/15/51)(a)		180		153,401
Integris Baptist Medical Center Inc., Series A,
3.88%, 08/15/50 (Call 02/15/50)		240		181,099
Iowa Health System, Series 2020, 3.67%, 02/15/50
(Call 08/15/49)		189		146,928
Johns Hopkins Health System Corp. (The), 3.84%, 05/15/46(a)		341		278,339
Kaiser Foundation Hospitals
4.15%, 05/01/47 (Call 11/01/46)		1,169		1,007,984
4.88%, 04/01/42		539		511,848
Series 2019, 3.27%, 11/01/49 (Call 05/01/49)		892		655,463
Series 2021, 2.81%, 06/01/41 (Call 12/01/40)(a)		745		544,145
Series 2021, 3.00%, 06/01/51 (Call 12/01/50)		1,203		824,601
Laboratory Corp. of America Holdings, 4.70%, 02/01/45 (Call 08/01/44)(a)		652		581,935
Mass General Brigham Inc.
Series 2017, 3.77%, 07/01/48 (Call 01/01/48)		142		113,829
Series 2020, 3.19%, 07/01/49 (Call 01/01/49)		89		63,224
Series 2020, 3.34%, 07/01/60 (Call 01/01/60)		399		271,564

Security	Par (000)		Value
Health Care - Services (continued)
Mayo Clinic
3.77%, 11/15/43	$	45	$	37,981
Series 2013, 4.00%, 11/15/47(a)		100		84,572
Series 2016, 4.13%, 11/15/52(a)		253		220,184
Series 2021, 3.20%, 11/15/61 (Call 05/15/61)		431		296,333
McLaren Health Care Corp., Series A, 4.39%, 05/15/48 (Call 11/15/47)		241		207,814
MedStar Health Inc., Series 20A, 3.63%, 08/15/49		80		60,489
Memorial Health Services, 3.45%, 11/01/49
(Call 05/01/49)		262		194,871
Memorial Sloan-Kettering Cancer Center
4.13%, 07/01/52		155		131,866
5.00%, 07/01/42		411		398,228
Series 2015, 4.20%, 07/01/55		530		444,506
Series 2020, 2.96%, 01/01/50 (Call 07/01/49)		50		33,912
Methodist Hospital (The), Series 20A, 2.71%, 12/01/50 (Call 06/01/50)		226		141,873
Montefiore Obligated Group
4.29%, 09/01/50		135		83,408
Series 18-C, 5.25%, 11/01/48 (Call 05/01/48)		162		118,609
Mount Nittany Medical Center Obligated Group,
3.80%, 11/15/52(a)		199		155,758
Mount Sinai Hospital
Series 2017, 3.98%, 07/01/48		194		158,604
Series 2019, 3.74%, 07/01/49 (Call 01/01/49)		308		226,731
Series 2020, 3.39%, 07/01/50 (Call 07/01/49)		309		206,406
MultiCare Health System, 2.80%, 08/15/50
(Call 02/15/50)(a)		196		115,092
MyMichigan Health, Series 2020, 3.41%, 06/01/50
(Call 12/01/49)		188		136,885
Nationwide Children’s Hospital Inc., 4.56%, 11/01/52 (Call 05/01/52)		197		181,109
New York and Presbyterian Hospital (The)
2.26%, 08/01/40 (Call 02/01/40)		185		124,632
2.61%, 08/01/60 (Call 02/01/60)(a)		155		89,480
3.56%, 08/01/36		175		149,682
4.02%, 08/01/45(a)		310		262,905
4.06%, 08/01/56		198		160,924
4.76%, 08/01/2116(a)		180		154,944
Series 2019, 3.95%, (Call 02/01/2119)(a)		250		183,352
Northwell Healthcare Inc.
3.81%, 11/01/49 (Call 11/01/48)		444		339,468
3.98%, 11/01/46 (Call 11/01/45)		145		114,198
4.26%, 11/01/47 (Call 11/01/46)		669		544,438
6.15%, 11/01/43		295		308,520
Northwestern Memorial Healthcare Obligated
Group, Series 2021, 2.63%, 07/15/51
(Call 01/15/51)(a)		189		123,148
Novant Health Inc.
2.64%, 11/01/36 (Call 08/01/36)		150		113,459
3.17%, 11/01/51 (Call 05/01/51)		747		508,688
3.32%, 11/01/61 (Call 05/01/61)(a)		327		213,063
4.37%, 11/01/43		310		264,749
NY Society for Relief of Ruptured & Crippled
Maintaining Hosp Special Surgery, Series 2020,
2.67%, 10/01/50 (Call 04/01/50)(a)		54		32,813
NYU Langone Hospitals
5.75%, 07/01/43(a)		80		83,379
Series 2020, 3.38%, 07/01/55 (Call 01/01/55)		430		309,069
Ochsner Clinic Foundation, 5.90%, 05/15/45
(Call 11/15/44)(a)		195		187,666

S C H E D U L E  O F  I N V E S T M E N T S 237

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Services (continued)
OhioHealth Corp.
2.83%, 11/15/41 (Call 05/15/41)	$	175	$	127,917
Series 2020, 3.04%, 11/15/50 (Call 05/15/50)		177		126,868
Orlando Health Obligated Group
3.33%, 10/01/50 (Call 04/01/50)		105		76,934
4.09%, 10/01/48 (Call 04/01/48)		190		158,040
PeaceHealth Obligated Group
Series 2018, 4.79%, 11/15/48 (Call 05/15/48)(a)		266		232,351
Series 2020, 3.22%, 11/15/50 (Call 05/15/50)		440		290,070
Piedmont Healthcare Inc.
2.86%, 01/01/52 (Call 07/01/51)(a)		276		176,872
Series 2042, 2.72%, 01/01/42 (Call 07/01/41)(a)		105		74,094
Presbyterian Healthcare Services, 4.88%, 08/01/52 (Call 02/01/52)		205		196,769
Providence St Joseph Health Obligated Group
Series 21A, 2.70%, 10/01/51 (Call 04/01/51)		750		452,050
Series A, 3.93%, 10/01/48 (Call 04/01/48)(a)		199		153,083
Series I, 3.74%, 10/01/47(a)		255		191,823
Queen’s Health Systems (The), 4.81%, 07/01/52 (Call 01/01/52)(a)		135		125,753
Quest Diagnostics Inc., 4.70%, 03/30/45 (Call 09/30/44)(a)		198		173,618
Rady Children’s Hospital-San Diego, Series 21A, 3.15%, 08/15/51 (Call 08/15/50)		190		128,863
Roche Holdings Inc.
2.61%, 12/13/51 (Call 06/13/51)(b)		1,820		1,147,539
4.00%, 11/28/44 (Call 05/28/44)(b)		568		487,565
7.00%, 03/01/39(b)		685		823,519
RWJ Barnabas Health Inc.
3.48%, 07/01/49 (Call 01/01/49)		259		192,969
3.95%, 07/01/46 (Call 07/01/45)		190		152,070
Seattle Children’s Hospital, Series 2021, 2.72%, 10/01/50 (Call 10/01/49)(a)		498		321,129
Sentara Healthcare, 2.93%, 11/01/51 (Call 05/01/51)		195		131,709
Sharp HealthCare, Series 20B, 2.68%, 08/01/50 (Call 08/01/49)(a)		196		122,694
Southern Baptist Hospital of Florida Inc., 4.86%, 07/15/45 (Call 01/15/45)		190		180,771
Stanford Health Care
3.03%, 08/15/51 (Call 02/15/51)		167		113,149
Series 2018, 3.80%, 11/15/48 (Call 05/15/48)		264		212,512
Summa Health, 3.51%, 11/15/51 (Call 05/15/51)(a)		193		142,887
Sutter Health
5.55%, 08/15/53 (Call 02/15/53)(a)		10		10,438
Series 2018, 4.09%, 08/15/48 (Call 02/15/48)		198		164,341
Series 20A, 3.16%, 08/15/40 (Call 02/15/40)		145		111,446
Series 20A, 3.36%, 08/15/50 (Call 02/15/50)(a)		390		286,115
Texas Health Resources
2.33%, 11/15/50 (Call 05/15/50)(a)		170		102,245
4.33%, 11/15/55(a)		190		166,306
Toledo Hospital (The), 5.75%, 11/15/38 (Call 11/15/28)		170		169,809
Trinity Health Corp.
4.13%, 12/01/45		168		142,169
Series 2019, 3.43%, 12/01/48(a)		218		165,863
Series 2021, 2.63%, 12/01/40 (Call 06/01/40)		236		166,186
UMass Memorial Health Care Obligated Group, 5.36%, 07/01/52 (Call 01/01/52)		110		104,023
UnitedHealth Group Inc. 2.75%, 05/15/40 (Call 11/15/39)		945		680,850

Security	Par (000)		Value
Health Care - Services (continued)
2.90%, 05/15/50 (Call 11/15/49)	$	1,146	$	761,307
3.05%, 05/15/41 (Call 11/15/40)		1,057		785,329
3.13%, 05/15/60 (Call 11/15/59)		810		529,989
3.25%, 05/15/51 (Call 11/15/50)		1,425		999,338
3.50%, 08/15/39 (Call 02/15/39)		532		429,686
3.70%, 08/15/49 (Call 02/15/49)		1,105		848,087
3.75%, 10/15/47 (Call 04/15/47)		866		675,197
3.88%, 08/15/59 (Call 02/15/59)		1,175		904,099
3.95%, 10/15/42 (Call 04/15/42)		600		504,240
4.20%, 01/15/47 (Call 07/15/46)		820		694,415
4.25%, 03/15/43 (Call 09/15/42)		674		589,550
4.25%, 04/15/47 (Call 10/15/46)		698		593,493
4.25%, 06/15/48 (Call 12/15/47)		1,116		939,311
4.38%, 03/15/42 (Call 09/15/41)(a)		476		423,597
4.45%, 12/15/48 (Call 06/15/48)		933		820,146
4.63%, 07/15/35		175		168,922
4.63%, 11/15/41 (Call 05/15/41)		603		550,196
4.75%, 07/15/45		1,654		1,521,969
4.75%, 05/15/52 (Call 11/15/51)		1,715		1,560,050
4.95%, 05/15/62 (Call 11/15/61)		852		787,581
5.05%, 04/15/53 (Call 10/15/52)		1,772		1,685,871
5.20%, 04/15/63 (Call 10/15/62)		1,520		1,449,498
5.70%, 10/15/40 (Call 04/15/40)		309		320,248
5.80%, 03/15/36		785		830,999
5.88%, 02/15/53 (Call 08/15/52)		1,475		1,577,985
5.95%, 02/15/41 (Call 08/15/40)		400		420,885
6.05%, 02/15/63 (Call 08/15/62)		1,306		1,414,361
6.50%, 06/15/37		565		630,175
6.63%, 11/15/37		660		746,354
6.88%, 02/15/38		990		1,150,044
UPMC, 5.38%, 05/15/43 (Call 11/15/42)		102		103,139
WakeMed, Series A, 3.29%, 10/01/52 (Call 04/01/52)		80		56,336
West Virginia United Health System Obligated Group, Series 2020, 3.13%, 06/01/50 (Call 12/01/49)		190		119,594
Willis-Knighton Medical Center
Series 2018, 4.81%, 09/01/48 (Call 03/01/48)		177		160,150
Series 2021, 3.07%, 03/01/51 (Call 09/01/50)(a)		268		175,890
Yale-New Haven Health Services Corp., Series 2020, 2.50%, 07/01/50 (Call 07/01/49)(a)		90		51,824
				84,809,689
Holding Companies - Diversified — 0.1%
Alfa SAB de CV, 6.88%, 03/25/44 (Call 09/25/43)(b)		445		440,439
CK Hutchison International 19 II Ltd., 3.38%, 09/06/49 (Call 03/06/49)(b)		732		539,296
JAB Holdings BV
3.75%, 05/28/51 (Call 11/28/50)(b)		315		204,911
4.50%, 04/08/52 (Call 10/08/51)(b)		415		306,657
PTT Treasury Center Co. Ltd., 3.70%, 07/16/70 (Call 01/16/70)(a)(b)		585		404,533
				1,895,836
Home Builders — 0.0%
MDC Holdings Inc.
3.97%, 08/06/61 (Call 02/06/61)		195		148,552
6.00%, 01/15/43 (Call 10/15/42)		681		679,378
PulteGroup Inc., 6.00%, 02/15/35		235		241,329
				1,069,259

238 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Home Furnishings — 0.1%
Leggett & Platt Inc., 3.50%, 11/15/51 (Call 05/15/51)(a)	$	378	$	260,692
Whirlpool Corp.
4.50%, 06/01/46 (Call 12/01/45)(a)		286		230,177
4.60%, 05/15/50 (Call 11/15/49)(a)		531		429,359
5.15%, 03/01/43		241		212,712
				1,132,940
Household Products & Wares — 0.2%
Church & Dwight Co. Inc.
3.95%, 08/01/47 (Call 02/01/47)		164		130,301
5.00%, 06/15/52 (Call 12/15/51)		378		357,275
Kimberly-Clark Corp.
2.88%, 02/07/50 (Call 08/07/49)(a)		205		140,115
3.20%, 07/30/46 (Call 01/30/46)		98		71,273
3.70%, 06/01/43		290		227,013
3.90%, 05/04/47 (Call 11/04/46)		127		102,559
5.30%, 03/01/41		405		404,179
6.63%, 08/01/37(a)		798		917,737
SC Johnson & Son Inc.
4.00%, 05/15/43 (Call 02/15/43)(b)		440		354,640
4.35%, 09/30/44 (Call 03/30/44)(a)(b)		264		216,953
4.75%, 10/15/46 (Call 04/16/46)(b)		680		608,411
4.80%, 09/01/40(b)		473		423,219
				3,953,675
Insurance — 4.9%
Aflac Inc.
4.00%, 10/15/46 (Call 04/15/46)		151		120,388
4.75%, 01/15/49 (Call 07/15/48)		364		329,117
6.45%, 08/15/40(a)		399		433,453
AIA Group Ltd.
3.20%, 09/16/40 (Call 03/16/40)(b)		805		600,727
4.50%, 03/16/46 (Call 09/16/45)(b)		335		301,780
4.88%, 03/11/44(b)		282		267,264
Alleghany Corp.
3.25%, 08/15/51 (Call 02/15/51)		310		218,719
4.90%, 09/15/44 (Call 03/15/44)(a)		199		186,334
Allstate Corp. (The)
3.85%, 08/10/49 (Call 02/10/49)		251		195,135
4.20%, 12/15/46 (Call 06/15/46)		272		222,118
4.50%, 06/15/43		655		570,947
5.55%, 05/09/35		696		707,567
5.95%, 04/01/36		665		693,752
6.50%, 05/15/67 (Call 05/15/37), (3-mo. LIBOR US + 2.120%)(a)(d)		304		306,093
American Financial Group Inc./OH, 4.50%, 06/15/47 (Call 12/15/46)		250		203,580
American International Group Inc.
3.88%, 01/15/35 (Call 07/15/34)		320		281,388
4.38%, 06/30/50 (Call 12/30/49)		819		703,276
4.50%, 07/16/44 (Call 01/16/44)		547		482,622
4.75%, 04/01/48 (Call 10/01/47)(a)		906		826,745
4.80%, 07/10/45 (Call 01/10/45)		606		554,820
6.25%, 05/01/36		700		729,343
AmFam Holdings Inc., 3.83%, 03/11/51 (Call 09/11/50)(a)(b)		247		147,345
Aon Corp., 6.25%, 09/30/40(a)		357		379,261
Aon Corp./Aon Global Holdings PLC
2.90%, 08/23/51 (Call 02/23/51)(a)		524		327,031
3.90%, 02/28/52 (Call 08/28/51)		751		568,481

Security	Par (000)		Value
Insurance (continued)
Aon Global Ltd.
4.25%, 12/12/42	$	276	$	222,103
4.45%, 05/24/43 (Call 02/24/43)		280		229,453
4.60%, 06/14/44 (Call 03/14/44)		475		409,063
4.75%, 05/15/45 (Call 11/15/44)		408		359,883
Aon North America Inc., 5.75%, 03/01/54 (Call 09/01/53)		1,100		1,104,317
Arch Capital Finance LLC, 5.03%, 12/15/46 (Call 06/15/46)		315		288,347
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		726		534,551
7.35%, 05/01/34		65		73,068
Arch Capital Group U.S. Inc., 5.14%, 11/01/43		410		381,419
Arthur J Gallagher & Co.
3.05%, 03/09/52 (Call 09/09/51)		305		193,064
3.50%, 05/20/51 (Call 11/20/50)		746		517,973
5.75%, 03/02/53 (Call 09/02/52)		508		500,589
5.75%, 07/15/54 (Call 01/15/54)		205		203,048
6.75%, 02/15/54 (Call 08/15/53)		525		591,820
Assured Guaranty Municipal Holdings Inc., 6.40%, 12/15/66 (Call 12/15/36), (1-mo. LIBOR US + 2.215%)(a)(b)(d)		255		233,653
Assured Guaranty U.S. Holdings Inc., 3.60%, 09/15/51 (Call 03/15/51)		135		94,819
Athene Holding Ltd.
3.45%, 05/15/52 (Call 11/15/51)(a)		360		236,054
3.95%, 05/25/51 (Call 11/25/50)(a)		391		285,250
Augustar Life Insurance Co., 6.88%, 06/15/42(b)		235		212,446
AXA SA, 6.38%, (Call 12/14/36), (1-day SOFR + 2.256%)(a)(b)(d)(e)		250		272,573
AXIS Specialty Finance PLC, 5.15%, 04/01/45		129		111,467
Berkshire Hathaway Finance Corp.
2.50%, 01/15/51 (Call 07/15/50)		626		386,846
2.85%, 10/15/50 (Call 04/15/50)		1,446		955,076
3.85%, 03/15/52 (Call 09/15/51)		2,250		1,784,991
4.20%, 08/15/48 (Call 02/15/48)		1,881		1,636,733
4.25%, 01/15/49 (Call 07/15/48)(a)		1,600		1,409,389
4.30%, 05/15/43		546		489,584
4.40%, 05/15/42		712		656,907
5.75%, 01/15/40		729		783,792
Berkshire Hathaway Inc., 4.50%, 02/11/43(a)		669		632,663
Brighthouse Financial Inc.
3.85%, 12/22/51 (Call 06/22/51)(a)		303		197,760
4.70%, 06/22/47 (Call 12/22/46)		671		519,884
Brown & Brown Inc., 4.95%, 03/17/52 (Call 09/17/51)		425		366,872
Chubb Corp. (The)
6.00%, 05/11/37		900		965,943
Series 1, 6.50%, 05/15/38		723		814,741
Chubb INA Holdings Inc.
2.85%, 12/15/51 (Call 06/15/51)		434		294,228
3.05%, 12/15/61 (Call 06/15/61)		784		521,512
4.15%, 03/13/43		604		527,762
4.35%, 11/03/45 (Call 05/03/45)		960		847,642
6.70%, 05/15/36(a)		651		741,027
Cincinnati Financial Corp., 6.13%, 11/01/34(a)		545		568,607
Corebridge Financial Inc.
4.35%, 04/05/42 (Call 10/05/41)		245		202,194
4.40%, 04/05/52 (Call 10/05/51)		1,033		829,105
Empower Finance 2020 LP, 3.08%, 09/17/51 (Call 03/17/51)(a)(b)		507		337,779

S C H E D U L E  O F  I N V E S T M E N T S 239

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Equitable Holdings Inc., 5.00%, 04/20/48 (Call 10/20/47)	$	1,170	$	1,057,924
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		818		521,756
3.50%, 10/15/50 (Call 04/15/50)		801		560,021
4.87%, 06/01/44		245		218,915
Farmers Exchange Capital III, 5.45%, 10/15/54 (Call 10/15/34), (3-mo. LIBOR US + 3.454%)(b)(d)		303		247,387
Farmers Insurance Exchange, 4.75%, 11/01/57 (Call 11/01/37), (3-mo. LIBOR US + 3.231%)(b)(d)		202		149,013
Fidelity National Financial Inc., 3.20%, 09/17/51 (Call 03/17/51)(a)		270		169,612
Five Corners Funding Trust IV, 6.00%, 02/15/53 (Call 08/15/52)(a)(b)		526		553,407
Great-West Lifeco Finance 2018 LP, 4.58%, 05/17/48 (Call 11/17/47)(b)		341		300,134
Great-West Lifeco Finance Delaware LP, 4.15%, 06/03/47 (Call 12/03/46)(b)		426		342,429
Guardian Life Insurance Co. of America (The)
3.70%, 01/22/70 (Call 07/22/69)(b)		239		156,764
4.85%, 01/24/77(b)		443		364,753
4.88%, 06/19/64(a)(b)		280		240,606
Hartford Financial Services Group Inc. (The)
2.90%, 09/15/51 (Call 03/15/51)		455		291,389
3.60%, 08/19/49 (Call 02/19/49)		738		555,750
4.30%, 04/15/43		299		255,690
4.40%, 03/15/48 (Call 09/15/47)		345		296,789
5.95%, 10/15/36		550		568,151
6.10%, 10/01/41		351		365,210
6.63%, 03/30/40		380		407,633
Hill City Funding Trust, 4.05%, 08/15/41 (Call 02/15/41)(b)		170		122,243
Jackson Financial Inc., 4.00%, 11/23/51 (Call 05/23/51)(a)		345		246,902
Liberty Mutual Group Inc.
3.95%, 10/15/50 (Call 04/15/50)(b)		1,125		841,952
3.95%, 05/15/60 (Call 11/15/59)(b)		474		339,136
4.85%, 08/01/44(a)(b)		105		90,611
5.50%, 06/15/52 (Call 12/15/51)(b)		718		686,705
6.50%, 03/15/35(b)		515		513,286
6.50%, 05/01/42(b)		377		372,070
Liberty Mutual Insurance Co., 7.70%, 10/15/97(a)(b).		210		242,125
Lincoln National Corp.
4.35%, 03/01/48 (Call 09/01/47)		226		175,162
4.38%, 06/15/50 (Call 12/15/49)		236		181,969
6.30%, 10/09/37		291		299,307
7.00%, 06/15/40(a)		413		449,491
Loews Corp.
4.13%, 05/15/43 (Call 11/15/42)		710		596,540
6.00%, 02/01/35(a)		481		509,146
Manulife Financial Corp., 5.38%, 03/04/46(a)		509		498,455
Maple Grove Funding Trust I, 4.16%, 08/15/51 (Call 02/15/51)(b)		413		283,749
Markel Group Inc.
3.45%, 05/07/52 (Call 11/07/51)(a)		511		350,563
4.15%, 09/17/50 (Call 03/17/50)		395		310,358
4.30%, 11/01/47 (Call 05/01/47)		263		210,350
5.00%, 03/30/43(a)		235		210,760
5.00%, 04/05/46		316		280,740

Security	Par (000)		Value
Insurance (continued)
5.00%, 05/20/49 (Call 11/20/48)(a)	$	498	$	448,546
Marsh & McLennan Companies Inc.
2.90%, 12/15/51 (Call 06/15/51)		325		208,378
4.20%, 03/01/48 (Call 09/01/47)		439		367,967
4.35%, 01/30/47 (Call 07/30/46)		394		334,288
4.75%, 03/15/39 (Call 09/15/38)		50		47,336
4.90%, 03/15/49 (Call 09/15/48)		1,081		999,922
5.45%, 03/15/53 (Call 09/15/52)		620		617,366
5.45%, 03/15/54 (Call 09/15/53)		350		347,771
5.70%, 09/15/53 (Call 03/15/53)		842		868,828
6.25%, 11/01/52 (Call 05/01/52)		430		474,177
Massachusetts Mutual Life Insurance Co.
3.20%, 12/01/61(b)		440		274,724
3.38%, 04/15/50(a)(b)		699		479,551
3.73%, 10/15/70(a)(b)		601		406,829
4.50%, 04/15/65(b)		391		305,161
4.90%, 04/01/77(b)		366		306,332
5.08%, 02/15/69 (Call 02/15/49), (3-mo. LIBOR US + 3.191%)(a)(b)(d)		590		526,948
5.38%, 12/01/41(a)(b)		391		353,154
5.67%, 12/01/52 (Call 06/01/52)(b)		341		340,183
MetLife Capital Trust IV, 7.88%, 12/15/67 (Call 12/15/32)(b)		555		594,079
MetLife Inc.
4.05%, 03/01/45		793		653,468
4.13%, 08/13/42		902		764,428
4.60%, 05/13/46 (Call 11/13/45)		627		560,172
4.72%, 12/15/44		412		367,835
4.88%, 11/13/43		812		747,473
5.00%, 07/15/52 (Call 01/15/52)		890		830,899
5.25%, 01/15/54 (Call 07/15/53)(a)		808		780,638
5.70%, 06/15/35		1,072		1,108,534
5.88%, 02/06/41		676		706,130
6.38%, 06/15/34		717		773,541
6.40%, 12/15/66 (Call 12/15/31)		843		855,729
9.25%, 04/08/68 (Call 04/08/33)(a)(b)		405		461,963
10.75%, 08/01/69 (Call 08/01/34)		476		639,669
Mutual of Omaha Insurance Co.
6.14%, 01/16/64 (Call 10/16/53), (10-year CMT + 2.950%)(b)(d)		170		172,191
6.80%, 06/15/36(b)		93		97,249
National Life Insurance Co., 5.25%, 07/19/68 (Call 07/19/48), (3-mo. LIBOR US + 3.314%)(a)(b)(d)		205		178,321
Nationwide Financial Services Inc.
3.90%, 11/30/49 (Call 05/30/49)(b)		510		396,217
5.30%, 11/18/44(a)(b)		137		122,625
6.75%, 05/15/87		215		208,337
Nationwide Mutual Insurance Co.
4.35%, 04/30/50 (Call 10/30/49)(b)		1,060		837,737
4.95%, 04/22/44(b)		224		192,295
9.38%, 08/15/39(b)		763		983,695
New York Life Insurance Co.
3.75%, 05/15/50 (Call 11/15/49)(b)		1,023		781,360
4.45%, 05/15/69 (Call 11/15/68)(b)		760		612,747
6.75%, 11/15/39(b)		974		1,100,856
Northwestern Mutual Life Insurance Co. (The)
3.45%, 03/30/51 (Call 09/30/50)(b)		677		478,217
3.63%, 09/30/59 (Call 03/30/59)(b)		1,058		740,089
3.85%, 09/30/47 (Call 03/30/47)(a)(b)		904		703,872
6.06%, 03/30/40(b)		1,201		1,246,323

240 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Old Republic International Corp., 3.85%, 06/11/51 (Call 12/11/50)	$	387	$	280,604
OneAmerica Financial Partners Inc., 4.25%, 10/15/50 (Call 04/15/50)(a)(b)		226		156,367
Pacific Life Insurance Co.
4.30%, 10/24/67 (Call 10/24/47), (3-mo. LIBOR US + 2.796%)(b)(d)		475		360,500
9.25%, 06/15/39(a)(b)		330		430,017
Pacific LifeCorp.
3.35%, 09/15/50 (Call 03/15/50)(b)		539		372,331
5.13%, 01/30/43(b)		474		440,637
5.40%, 09/15/52 (Call 03/15/52)(b)		605		582,610
Penn Mutual Life Insurance Co. (The), 3.80%, 04/29/61(a)(b)		355		232,786
Pine Street Trust II, 5.57%, 02/15/49 (Call 08/15/48)(b)		313		288,439
Principal Financial Group Inc.
4.30%, 11/15/46 (Call 05/15/46)		185		153,247
4.35%, 05/15/43(a)		396		343,979
4.63%, 09/15/42		356		319,387
5.50%, 03/15/53 (Call 09/15/52)		195		190,222
6.05%, 10/15/36(a)		736		774,366
Progressive Corp. (The)
3.70%, 01/26/45(a)		274		221,854
3.70%, 03/15/52 (Call 09/15/51)		395		305,829
3.95%, 03/26/50 (Call 09/26/49)(a)		408		331,999
4.13%, 04/15/47 (Call 10/15/46)		708		594,403
4.20%, 03/15/48 (Call 09/15/47)		495		425,764
4.35%, 04/25/44		264		234,035
Prudential Financial Inc.
3.00%, 03/10/40 (Call 09/10/39)		312		232,542
3.70%, 03/13/51 (Call 09/13/50)		1,250		953,590
3.91%, 12/07/47 (Call 06/07/47)(a)		615		484,551
3.94%, 12/07/49 (Call 06/07/49)		879		689,837
4.35%, 02/25/50 (Call 08/25/49)		840		710,973
4.42%, 03/27/48 (Call 09/27/47)		295		251,990
4.60%, 05/15/44		688		612,364
5.70%, 12/14/36		842		868,030
6.63%, 12/01/37		513		572,028
6.63%, 06/21/40(a)		274		301,018
Securian Financial Group Inc., 4.80%, 04/15/48(b)		210		170,032
Selective Insurance Group Inc., 5.38%, 03/01/49 (Call 09/01/48)(a)		177		166,992
Sompo International Holdings Ltd., 7.00%, 07/15/34		90		96,295
Teachers Insurance & Annuity Association of America
3.30%, 05/15/50 (Call 11/15/49)(b)		1,147		802,318
4.27%, 05/15/47 (Call 11/15/46)(a)(b)		1,720		1,414,358
4.90%, 09/15/44(b)		1,306		1,186,417
6.85%, 12/16/39(b)		1,115		1,257,898
Transatlantic Holdings Inc., 8.00%, 11/30/39		547		695,222
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		405		252,110
3.05%, 06/08/51 (Call 12/08/50)		695		474,822
3.75%, 05/15/46 (Call 11/15/45)		397		315,761
4.00%, 05/30/47 (Call 11/30/46)		577		475,964
4.05%, 03/07/48 (Call 09/07/47)		375		314,095
4.10%, 03/04/49 (Call 09/04/48)		434		365,941
4.30%, 08/25/45 (Call 02/25/45)		331		288,521
4.60%, 08/01/43		490		457,129

Security	Par (000)		Value
Insurance (continued)
5.35%, 11/01/40	$	705	$	711,148
5.45%, 05/25/53 (Call 11/25/52)(a)		725		739,341
6.25%, 06/15/37		470		516,649
6.75%, 06/20/36		532		605,432
Trinity Acquisition PLC, 6.13%, 08/15/43		289		282,086
Unum Group
4.13%, 06/15/51 (Call 12/15/50)		450		330,754
4.50%, 12/15/49 (Call 06/15/49)		405		321,059
5.75%, 08/15/42		430		417,408
W R Berkley Corp.
3.15%, 09/30/61 (Call 03/30/61)(a)		234		139,443
3.55%, 03/30/52 (Call 09/30/51)		342		234,274
4.00%, 05/12/50 (Call 11/12/49)		362		277,933
4.75%, 08/01/44		223		192,741
Western & Southern Life Insurance Co. (The)
3.75%, 04/28/61 (Call 10/28/60)(b)		330		223,488
5.15%, 01/15/49 (Call 07/15/48)(b)		250		227,082
Willis North America Inc.
3.88%, 09/15/49 (Call 03/15/49)		400		296,670
5.05%, 09/15/48 (Call 03/15/48)(a)		226		201,205
5.90%, 03/05/54 (Call 09/05/53)		625		623,545
WR Berkley Corp., 6.25%, 02/15/37(a)		245		251,705
XL Group Ltd., 5.25%, 12/15/43		455		423,793
				104,188,316
Internet — 1.8%
Alibaba Group Holding Ltd.
2.70%, 02/09/41 (Call 08/09/40)(a)		723		499,378
3.15%, 02/09/51 (Call 08/09/50)		1,310		864,280
3.25%, 02/09/61 (Call 08/09/60)		835		530,004
4.00%, 12/06/37 (Call 06/06/37)		637		549,158
4.20%, 12/06/47 (Call 06/06/47)		1,497		1,217,329
4.40%, 12/06/57 (Call 06/06/57)		754		616,798
4.50%, 11/28/34 (Call 05/28/34)(a)		491		461,241
Alphabet Inc.
1.90%, 08/15/40 (Call 02/15/40)(a)		943		624,782
2.05%, 08/15/50 (Call 02/15/50)		1,967		1,161,771
2.25%, 08/15/60 (Call 02/15/60)(a)		1,652		949,611
Amazon.com Inc.
2.50%, 06/03/50 (Call 12/03/49)(a)		2,137		1,342,489
2.70%, 06/03/60 (Call 12/03/59)		1,614		994,934
2.88%, 05/12/41 (Call 11/12/40)		1,712		1,285,648
3.10%, 05/12/51 (Call 11/12/50)		2,741		1,934,846
3.25%, 05/12/61 (Call 11/12/60)		1,534		1,055,476
3.88%, 08/22/37 (Call 02/22/37)		1,921		1,712,935
3.95%, 04/13/52 (Call 10/13/51)(a)		2,114		1,747,480
4.05%, 08/22/47 (Call 02/22/47)		2,962		2,538,317
4.10%, 04/13/62 (Call 10/13/61)(a)		979		811,369
4.25%, 08/22/57 (Call 02/22/57)		1,941		1,670,680
4.80%, 12/05/34 (Call 06/05/34)		734		734,116
4.95%, 12/05/44 (Call 06/05/44)		1,338		1,322,541
eBay Inc.
3.65%, 05/10/51 (Call 11/10/50)		260		188,438
4.00%, 07/15/42 (Call 01/15/42)		715		567,780
JD.com Inc., 4.13%, 01/14/50 (Call 07/14/49)		203		157,693
Meta Platforms Inc.
4.45%, 08/15/52 (Call 02/15/52)		2,184		1,908,164
4.65%, 08/15/62 (Call 02/15/62)		1,299		1,150,968
5.60%, 05/15/53 (Call 11/15/52)		1,967		2,036,524
5.75%, 05/15/63 (Call 11/15/62)		1,452		1,520,102
Prosus NV
3.83%, 02/08/51 (Call 08/08/50)(b)		1,410		869,466

S C H E D U L E  O F  I N V E S T M E N T S 241

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Internet (continued)
4.03%, 08/03/50 (Call 02/03/50)(b)	$	672	$	427,763
4.99%, 01/19/52 (Call 07/19/51)(b)		642		470,824
Tencent Holdings Ltd.
3.24%, 06/03/50 (Call 12/03/49)(b)		1,492		1,004,104
3.29%, 06/03/60 (Call 12/03/59)(a)(b)		678		435,836
3.68%, 04/22/41 (Call 10/22/40)(b)		547		434,385
3.84%, 04/22/51 (Call 10/22/50)(a)(b)		1,265		950,548
3.93%, 01/19/38 (Call 07/19/37)(b)		645		550,339
3.94%, 04/22/61 (Call 10/22/60)(b)		590		432,762
4.53%, 04/11/49 (Call 10/11/48)(b)		374		319,826
				38,050,705
Iron & Steel — 0.3%
ArcelorMittal SA
6.75%, 03/01/41		478		491,528
7.00%, 10/15/39		705		752,418
Nucor Corp.
2.98%, 12/15/55 (Call 06/15/55)		636		410,404
3.85%, 04/01/52 (Call 09/01/51)		476		373,980
4.40%, 05/01/48 (Call 11/01/47)(a)		121		106,254
5.20%, 08/01/43 (Call 02/01/43)(a)		282		274,475
6.40%, 12/01/37(a)		735		804,662
Reliance Inc., 6.85%, 11/15/36		270		293,791
Steel Dynamics Inc., 3.25%, 10/15/50 (Call 04/15/50)		277		181,818
Vale Overseas Ltd.
6.88%, 11/21/36(a)		1,167		1,245,736
6.88%, 11/10/39(a)		968		1,036,533
Vale SA, 5.63%, 09/11/42		416		406,499
				6,378,098
Leisure Time — 0.0%
Brunswick Corp., 5.10%, 04/01/52 (Call 10/01/51)(a)		250		197,478
Harley-Davidson Inc., 4.63%, 07/28/45 (Call 01/28/45)(a)		209		165,979
				363,457
Lodging — 0.0%
Marriott International Inc./MD, 4.50%, 10/01/34 (Call 04/01/34)		175		161,553
Machinery — 0.5%
ABB Finance USA Inc., 4.38%, 05/08/42(a)		466		419,290
Caterpillar Inc.
3.25%, 09/19/49 (Call 03/19/49)		843		620,052
3.25%, 04/09/50 (Call 10/09/49)		969		718,052
3.80%, 08/15/42		1,423		1,187,513
4.30%, 05/15/44 (Call 11/15/43)		351		316,218
4.75%, 05/15/64 (Call 11/15/63)		352		319,989
5.20%, 05/27/41		676		681,185
5.30%, 09/15/35		282		293,850
6.05%, 08/15/36		703		771,371
Deere & Co.
2.88%, 09/07/49 (Call 03/07/49)		373		260,541
3.75%, 04/15/50 (Call 10/15/49)		731		600,502
3.90%, 06/09/42 (Call 12/09/41)(a)		1,130		966,115
Dover Corp.
5.38%, 10/15/35(a)		370		373,132
5.38%, 03/01/41 (Call 12/01/40)		337		329,551
6.60%, 03/15/38		276		300,376

Security	Par (000)		Value
Machinery (continued)
Otis Worldwide Corp.
3.11%, 02/15/40 (Call 08/15/39)	$	400	$	305,285
3.36%, 02/15/50 (Call 08/15/49)(a)		620		450,075
Rockwell Automation Inc.
2.80%, 08/15/61 (Call 02/15/61)		330		195,799
4.20%, 03/01/49 (Call 09/01/48)(a)		384		327,006
6.25%, 12/01/37		260		279,304
Xylem Inc./NY, 4.38%, 11/01/46 (Call 05/01/46)(a)		205		171,632
				9,886,838
Manufacturing — 0.7%
3M Co.
3.13%, 09/19/46 (Call 03/19/46)(a)		418		289,322
3.25%, 08/26/49 (Call 02/26/49)(a)		832		575,207
3.63%, 10/15/47 (Call 04/15/47)(a)		411		298,098
3.70%, 04/15/50 (Call 10/15/49)		563		415,599
3.88%, 06/15/44		200		157,257
4.00%, 09/14/48 (Call 03/14/48)(a)		980		792,399
5.70%, 03/15/37(a)		536		558,463
Eaton Corp.
3.92%, 09/15/47 (Call 03/15/47)(a)		185		150,185
4.15%, 11/02/42		980		852,621
4.70%, 08/23/52 (Call 02/23/52)(a)		407		376,119
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/35		1,126		1,055,190
General Electric Co.
4.35%, 05/01/50 (Call 11/01/49)		236		208,018
4.50%, 03/11/44		405		366,429
5.88%, 01/14/38		710		754,891
6.15%, 08/07/37		236		249,279
6.88%, 01/10/39(a)		725		856,958
Illinois Tool Works Inc.
3.90%, 09/01/42 (Call 03/01/42)		954		812,770
4.88%, 09/15/41 (Call 03/15/41)		680		652,881
Parker-Hannifin Corp.
4.00%, 06/14/49 (Call 12/14/48)		604		493,286
4.10%, 03/01/47 (Call 09/01/46)		394		323,924
4.20%, 11/21/34 (Call 05/21/34)		502		462,553
4.45%, 11/21/44 (Call 05/21/44)		332		290,804
6.25%, 05/15/38		290		310,505
Siemens Financieringsmaatschappij NV
2.88%, 03/11/41(b)		761		569,994
3.30%, 09/15/46(b)		973		738,127
4.20%, 03/16/47(b)		815		714,923
4.40%, 05/27/45(b)		1,503		1,354,350
				14,680,152
Media — 4.2%
Charter Communications Operating LLC/Charter Communications Operating Capital
3.50%, 06/01/41 (Call 12/01/40)(a)		866		573,287
3.50%, 03/01/42 (Call 09/01/41)		706		461,783
3.70%, 04/01/51 (Call 10/01/50)		1,839		1,116,356
3.85%, 04/01/61 (Call 10/01/60)(a)		1,690		981,616
3.90%, 06/01/52 (Call 12/01/51)		2,123		1,334,727
3.95%, 06/30/62 (Call 12/30/61)		1,386		816,435
4.40%, 12/01/61 (Call 06/01/61)		1,077		692,339
4.80%, 03/01/50 (Call 09/01/49)		2,449		1,772,148
5.13%, 07/01/49 (Call 01/01/49)		1,346		1,022,343
5.25%, 04/01/53 (Call 10/01/52)		1,332		1,034,142
5.38%, 04/01/38 (Call 10/01/37)		322		277,415
5.38%, 05/01/47 (Call 11/01/46)		2,047		1,616,497

242 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
5.50%, 04/01/63 (Call 10/01/62)	$	995	$	769,631
5.75%, 04/01/48 (Call 10/01/47)		2,031		1,690,745
6.38%, 10/23/35 (Call 04/23/35)(a)		1,503		1,455,011
6.48%, 10/23/45 (Call 04/23/45)		2,875		2,626,475
6.83%, 10/23/55 (Call 04/23/55)		585		554,319
Comcast Corp.
2.45%, 08/15/52 (Call 02/15/52)		1,282		734,674
2.65%, 08/15/62 (Call 02/15/62)		1,067		596,746
2.80%, 01/15/51 (Call 07/15/50)(a)		1,449		905,813
2.89%, 11/01/51 (Call 05/01/51)(a)		4,225		2,675,061
2.94%, 11/01/56 (Call 05/01/56)		4,992		3,071,736
2.99%, 11/01/63 (Call 05/01/63)		3,364		2,021,043
3.20%, 07/15/36 (Call 01/15/36)		892		720,369
3.25%, 11/01/39 (Call 05/01/39)		945		724,719
3.40%, 07/15/46 (Call 01/15/46)		859		629,921
3.45%, 02/01/50 (Call 08/01/49)		1,632		1,171,871
3.75%, 04/01/40 (Call 10/01/39)		1,323		1,082,854
3.90%, 03/01/38 (Call 09/01/37)		992		850,723
3.97%, 11/01/47 (Call 05/01/47)		1,322		1,047,263
4.00%, 08/15/47 (Call 02/15/47)		785		629,005
4.00%, 03/01/48 (Call 09/01/47)(a)		850		673,878
4.00%, 11/01/49 (Call 05/01/49)		1,716		1,364,049
4.05%, 11/01/52 (Call 05/01/52)		1,026		809,877
4.20%, 08/15/34 (Call 02/15/34)		725		666,599
4.40%, 08/15/35 (Call 02/15/35)		651		604,850
4.60%, 10/15/38 (Call 04/15/38)(a)		812		747,532
4.60%, 08/15/45 (Call 02/15/45)		705		624,150
4.65%, 07/15/42		526		473,603
4.70%, 10/15/48 (Call 04/15/48)(a)		1,613		1,455,714
4.75%, 03/01/44		400		363,765
4.95%, 10/15/58 (Call 04/15/58)		864		799,851
5.35%, 05/15/53 (Call 11/15/52)(a)		1,415		1,378,949
5.50%, 05/15/64 (Call 11/15/63)		1,122		1,100,374
5.65%, 06/15/35		606		623,058
6.40%, 03/01/40		175		189,414
6.45%, 03/15/37		535		586,321
6.50%, 11/15/35		537		584,457
6.55%, 07/01/39(a)		235		257,747
6.95%, 08/15/37		293		332,017
Cox Communications Inc.
2.95%, 10/01/50 (Call 04/01/50)(b)		230		140,243
3.60%, 06/15/51 (Call 12/15/50)(a)(b)		452		313,408
4.50%, 06/30/43 (Call 12/30/42)(b)		341		278,758
4.60%, 08/15/47 (Call 02/15/47)(b)		170		136,433
4.70%, 12/15/42(b)		301		251,255
4.80%, 02/01/35 (Call 08/01/34)(a)(b)		249		228,877
5.80%, 12/15/53 (Call 06/15/53)(a)(b)		525		511,119
8.38%, 03/01/39(b)		335		401,449
Discovery Communications LLC
4.00%, 09/15/55 (Call 03/15/55)(a)		1,772		1,172,917
4.65%, 05/15/50 (Call 11/15/49)		960		727,999
4.88%, 04/01/43(a)		453		364,691
4.95%, 05/15/42		446		351,402
5.00%, 09/20/37 (Call 03/20/37)(a)		310		265,532
5.20%, 09/20/47 (Call 03/20/47)		886		720,480
5.30%, 05/15/49 (Call 11/15/48)		650		531,697
6.35%, 06/01/40(a)		827		794,078
Fox Corp.
5.48%, 01/25/39 (Call 07/25/38)		811		757,618
5.58%, 01/25/49 (Call 07/25/48)(a)		1,148		1,050,067

Security	Par (000)		Value
Media (continued)
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)	$	318	$	266,024
5.25%, 05/24/49 (Call 11/24/48)(a)		205		178,148
6.13%, 01/31/46 (Call 07/31/45)		371		362,399
6.63%, 01/15/40(a)		1,067		1,100,778
NBCUniversal Media LLC
4.45%, 01/15/43		665		581,822
5.95%, 04/01/41		381		394,240
6.40%, 04/30/40		350		379,361
Paramount Global
4.38%, 03/15/43		1,103		738,138
4.60%, 01/15/45 (Call 07/15/44)(a)		401		275,265
4.85%, 07/01/42 (Call 01/01/42)(a)		427		311,620
4.90%, 08/15/44 (Call 02/15/44)(a)		325		228,819
4.95%, 05/19/50 (Call 11/19/49)		744		529,357
5.25%, 04/01/44 (Call 10/01/43)(a)		200		148,752
5.85%, 09/01/43 (Call 03/01/43)		1,076		870,287
5.90%, 10/15/40 (Call 04/15/40)(a)		285		231,693
6.88%, 04/30/36(a)		893		819,291
Sky Group Finance Ltd., 6.50%, 10/15/35(b)		388		421,110
Thomson Reuters Corp.
5.50%, 08/15/35(a)		363		368,745
5.65%, 11/23/43 (Call 05/23/43)		190		183,239
5.85%, 04/15/40		375		381,862
Time Warner Cable LLC
4.50%, 09/15/42 (Call 03/15/42)		1,268		928,500
5.50%, 09/01/41 (Call 03/01/41)		1,152		949,696
5.88%, 11/15/40 (Call 05/15/40)		1,093		942,677
6.55%, 05/01/37		1,222		1,151,036
6.75%, 06/15/39(a)		1,342		1,266,285
7.30%, 07/01/38		1,222		1,218,355
TWDC Enterprises 18 Corp.
3.00%, 07/30/46(a)		513		357,939
3.70%, 12/01/42		442		358,254
4.13%, 06/01/44		882		755,602
4.38%, 08/16/41		350		308,055
Series E, 4.13%, 12/01/41		530		455,251
Walt Disney Co. (The)
2.75%, 09/01/49 (Call 03/01/49)		1,567		1,011,257
3.50%, 05/13/40 (Call 11/13/39)(a)		1,288		1,033,439
3.60%, 01/13/51 (Call 07/13/50)		2,055		1,560,917
3.80%, 05/13/60 (Call 11/13/59)		603		459,964
4.63%, 03/23/40 (Call 09/23/39)		661		621,456
4.70%, 03/23/50 (Call 09/23/49)(a)		1,611		1,474,642
4.75%, 09/15/44 (Call 03/15/44)		572		525,645
4.75%, 11/15/46 (Call 05/15/46)		600		542,699
4.95%, 10/15/45 (Call 04/15/45)		396		369,774
5.40%, 10/01/43		460		463,528
6.15%, 03/01/37		140		151,652
6.15%, 02/15/41		593		640,045
6.20%, 12/15/34		717		783,090
6.40%, 12/15/35		833		918,637
6.65%, 11/15/37		972		1,101,022
7.75%, 12/01/45		335		429,041
				87,840,703
Metal Fabricate & Hardware — 0.0%
Precision Castparts Corp.
3.90%, 01/15/43 (Call 07/15/42)(a)		366		303,844
4.20%, 06/15/35 (Call 12/15/34)		168		150,728
4.38%, 06/15/45 (Call 12/15/44)		173		151,784

S C H E D U L E  O F  I N V E S T M E N T S 243

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Metal Fabricate & Hardware (continued)
Valmont Industries Inc.
5.00%, 10/01/44 (Call 04/01/44)	$	295	$	258,283
5.25%, 10/01/54 (Call 04/01/54)(a)		221		188,951
				1,053,590
Mining — 1.7%
Anglo American Capital PLC
3.95%, 09/10/50 (Call 03/10/50)(a)(b)		467		346,409
4.75%, 03/16/52 (Call 09/16/51)(b)		578		485,240
Barrick Gold Corp.
5.25%, 04/01/42(a)		205		199,717
6.45%, 10/15/35		331		357,554
Barrick International Barbados Corp., 6.35%, 10/15/36(b)		545		576,764
Barrick North America Finance LLC
5.70%, 05/30/41		945		959,439
5.75%, 05/01/43		769		787,231
7.50%, 09/15/38		365		419,581
Barrick PD Australia Finance Pty. Ltd., 5.95%, 10/15/39		705		721,860
BHP Billiton Finance USA Ltd.
4.13%, 02/24/42		951		819,418
5.00%, 09/30/43		2,219		2,122,537
5.50%, 09/08/53 (Call 03/08/53)(a)		658		673,153
Corp. Nacional del Cobre de Chile
3.15%, 01/15/51 (Call 07/15/50)(b)		403		244,229
3.70%, 01/30/50 (Call 07/30/49)(b)		2,483		1,659,131
4.25%, 07/17/42(a)(b)		630		483,966
4.38%, 02/05/49 (Call 08/05/48)(b)		1,661		1,263,955
4.50%, 08/01/47 (Call 02/01/47)(b)		1,167		897,318
4.88%, 11/04/44(a)(b)		825		674,764
5.63%, 09/21/35(b)		64		61,302
5.63%, 10/18/43(b)		978		893,082
6.15%, 10/24/36(a)(b)		513		508,721
6.30%, 09/08/53 (Call 03/08/53)(b)		795		768,131
6.44%, 01/26/36 (Call 10/26/35)(b)		110		111,842
Freeport Indonesia PT, 6.20%, 04/14/52 (Call 10/14/51)(a)(b)		690		659,758
Freeport-McMoRan Inc.
5.40%, 11/14/34 (Call 05/14/34)		433		421,220
5.45%, 03/15/43 (Call 09/15/42)		1,747		1,626,712
Fresnillo PLC, 4.25%, 10/02/50 (Call 04/02/50)(b)		520		383,884
Glencore Canada Corp., 6.20%, 06/15/35(a)		330		340,705
Glencore Finance Canada Ltd.
5.55%, 10/25/42(a)(b)		375		354,836
6.00%, 11/15/41(b)		603		599,454
6.90%, 11/15/37(b)		593		643,234
Glencore Funding LLC
3.38%, 09/23/51 (Call 03/23/51)(a)(b)		200		137,243
3.88%, 04/27/51 (Call 10/27/50)(a)(b)		75		56,233
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT
5.80%, 05/15/50 (Call 11/15/49)(b)		375		345,046
6.76%, 11/15/48(a)(b)		264		273,268
Industrias Penoles SAB de CV
4.75%, 08/06/50 (Call 02/06/50)(b)		343		264,693
5.65%, 09/12/49 (Call 03/12/49)(b)		305		267,936
Kinross Gold Corp., 6.88%, 09/01/41 (Call 03/01/41)(a)		330		346,931
Minera Mexico SA de CV, 4.50%, 01/26/50 (Call 07/26/49)(a)(b)		852		656,558

Security	Par (000)		Value
Mining (continued)
Newmont Corp.
4.88%, 03/15/42 (Call 09/15/41)(a)	$	1,017	$	936,852
5.45%, 06/09/44 (Call 12/09/43)		200		195,366
5.88%, 04/01/35		170		175,067
6.25%, 10/01/39		913		967,244
Newmont Corp./Newcrest Finance Pty Ltd.
4.20%, 05/13/50 (Call 11/13/49)		322		265,014
5.75%, 11/15/41 (Call 08/15/41)(a)		577		585,705
Rio Tinto Alcan Inc., 5.75%, 06/01/35		569		589,802
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51 (Call 05/02/51)		1,035		656,616
5.20%, 11/02/40		1,078		1,061,306
Rio Tinto Finance USA PLC
4.13%, 08/21/42 (Call 02/21/42)		809		694,648
4.75%, 03/22/42 (Call 09/22/41)		503		471,414
5.13%, 03/09/53 (Call 09/09/52)(a)		893		858,253
Southern Copper Corp.
5.25%, 11/08/42		1,123		1,055,835
5.88%, 04/23/45		1,056		1,050,036
6.75%, 04/16/40		957		1,051,543
7.50%, 07/27/35		1,025		1,180,437
				35,208,193
Oil & Gas — 5.7%
Apache Corp.
4.75%, 04/15/43 (Call 10/15/42)		473		363,181
5.10%, 09/01/40 (Call 03/01/40)(a)		1,315		1,100,300
5.25%, 02/01/42 (Call 08/01/41)		370		304,880
5.35%, 07/01/49 (Call 01/01/49)		347		281,313
6.00%, 01/15/37(a)		453		440,275
BG Energy Capital PLC, 5.13%, 10/15/41(b)		802		746,705
BP Capital Markets America Inc.
2.77%, 11/10/50 (Call 05/10/50)		1,420		903,454
2.94%, 06/04/51 (Call 12/04/50)(a)		1,987		1,301,241
3.00%, 02/24/50 (Call 08/24/49)		1,765		1,177,578
3.00%, 03/17/52 (Call 09/17/51)(a)		1,120		743,195
3.06%, 06/17/41 (Call 12/17/40)		740		550,432
3.38%, 02/08/61 (Call 08/08/60)(a)		1,819		1,225,057
Burlington Resources LLC, 5.95%, 10/15/36		459		483,139
Canadian Natural Resources Ltd.
4.95%, 06/01/47 (Call 12/01/46)		350		305,424
5.85%, 02/01/35		411		410,550
6.25%, 03/15/38		1,064		1,093,573
6.50%, 02/15/37		517		538,376
6.75%, 02/01/39		605		644,379
Cenovus Energy Inc.
3.75%, 02/15/52 (Call 08/15/51)(a)		796		568,586
5.25%, 06/15/37 (Call 12/15/36)		252		233,787
5.40%, 06/15/47 (Call 12/15/46)		424		388,433
6.75%, 11/15/39		484		524,539
Chevron Corp.
2.98%, 05/11/40 (Call 11/11/39)(a)		114		85,814
3.08%, 05/11/50 (Call 11/11/49)(a)		819		577,471
Chevron USA Inc.
2.34%, 08/12/50 (Call 02/12/50)		738		441,616
5.25%, 11/15/43 (Call 05/15/43)		96		96,813
6.00%, 03/01/41 (Call 09/01/40)		75		81,655
CNOOC Finance 2011 Ltd., 5.75%, 01/26/41(a)(b)		500		528,275
CNOOC Finance 2012 Ltd., 5.00%, 05/02/42(b)		250		243,323
CNOOC Finance 2013 Ltd.
3.30%, 09/30/49 (Call 03/30/49)		470		342,240
4.25%, 05/09/43		220		193,857

244 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
CNOOC Finance 2014 ULC, 4.88%, 04/30/44	$	405	$	386,755
CNOOC Finance 2015 Australia Pty. Ltd., 4.20%, 05/05/45		465		406,265
CNOOC Petroleum North America ULC
5.88%, 03/10/35		122		128,036
6.40%, 05/15/37(a)		1,055		1,164,158
7.50%, 07/30/39(a)		410		497,908
CNPC HK Overseas Capital Ltd., 5.95%, 04/28/41(a)(b)		415		447,594
ConocoPhillips Co.
3.76%, 03/15/42 (Call 09/15/41)		212		172,441
3.80%, 03/15/52 (Call 09/15/51)		929		712,143
4.03%, 03/15/62 (Call 09/15/61)		1,540		1,198,057
4.30%, 11/15/44 (Call 05/15/44)		579		497,853
4.88%, 10/01/47 (Call 04/01/47)(a)		259		240,383
5.30%, 05/15/53 (Call 11/15/52)		961		940,592
5.55%, 03/15/54 (Call 09/15/53)		869		879,177
5.70%, 09/15/63 (Call 03/15/63)		670		684,391
5.90%, 05/15/38		150		157,137
5.95%, 03/15/46 (Call 09/15/45)(a)		265		275,701
6.50%, 02/01/39		1,060		1,191,699
Continental Resources Inc./OK, 4.90%, 06/01/44 (Call 12/01/43)(a)		545		442,091
Devon Energy Corp.
4.75%, 05/15/42 (Call 11/15/41)		748		632,940
5.00%, 06/15/45 (Call 12/15/44)(a)		412		356,555
5.60%, 07/15/41 (Call 01/15/41)		1,128		1,061,636
Diamondback Energy Inc.
4.25%, 03/15/52 (Call 09/15/51)(a)		738		583,647
4.40%, 03/24/51 (Call 09/24/50)		468		377,958
6.25%, 03/15/53 (Call 09/15/52)(a)		612		647,157
Empresa Nacional del Petroleo, 4.50%, 09/14/47 (Call 03/14/47)(b)		466		340,495
Eni SpA, 5.70%, 10/01/40(b)		455		426,329
EOG Resources Inc.
3.90%, 04/01/35 (Call 10/01/34)		177		159,077
4.95%, 04/15/50 (Call 10/15/49)		508		473,370
5.10%, 01/15/36 (Call 07/15/35)		190		185,198
Equinor ASA
3.25%, 11/18/49 (Call 05/18/49)		914		658,883
3.63%, 04/06/40 (Call 10/06/39)		368		303,527
3.70%, 04/06/50 (Call 10/06/49)		974		760,716
3.95%, 05/15/43		609		508,679
4.25%, 11/23/41		565		497,435
4.80%, 11/08/43(a)		651		611,535
5.10%, 08/17/40		573		563,574
Exxon Mobil Corp.
3.00%, 08/16/39 (Call 02/16/39)		538		414,857
3.10%, 08/16/49 (Call 02/16/49)		1,262		883,052
3.45%, 04/15/51 (Call 10/15/50)		2,365		1,750,376
3.57%, 03/06/45 (Call 09/06/44)		833		650,925
4.11%, 03/01/46 (Call 09/01/45)		2,021		1,712,596
4.23%, 03/19/40 (Call 09/19/39)(a)		1,708		1,531,467
4.33%, 03/19/50 (Call 09/19/49)		2,354		2,041,918
Hess Corp.
5.60%, 02/15/41(a)		1,162		1,170,103
5.80%, 04/01/47 (Call 10/01/46)		409		415,632
6.00%, 01/15/40		844		885,926
KazMunayGas National Co. JSC
5.75%, 04/19/47(b)		1,085		919,650
6.38%, 10/24/48(a)(b)		1,355		1,231,356

Security	Par (000)		Value
Oil & Gas (continued)
Marathon Oil Corp.
5.20%, 06/01/45 (Call 12/01/44)	$	407	$	353,273
6.60%, 10/01/37(a)		918		957,147
Marathon Petroleum Corp.
4.50%, 04/01/48 (Call 10/01/47)		246		202,300
4.75%, 09/15/44 (Call 03/15/44)		545		475,820
5.00%, 09/15/54 (Call 03/15/54)		353		301,411
5.85%, 12/15/45 (Call 06/15/45)(a)		269		260,260
6.50%, 03/01/41 (Call 09/01/40)(a)		1,198		1,271,490
Motiva Enterprises LLC, 6.85%, 01/15/40(b)		676		724,519
Occidental Petroleum Corp.
0.00%, 10/10/36 (Put 10/10/24)(f)		960		506,545
4.10%, 02/15/47 (Call 08/15/46)		346		254,376
4.20%, 03/15/48 (Call 09/15/47)		400		305,676
4.40%, 04/15/46 (Call 10/15/45)(a)		515		411,489
4.40%, 08/15/49 (Call 02/15/49)		304		224,808
4.63%, 06/15/45 (Call 12/15/44)(a)		386		311,575
6.20%, 03/15/40		240		243,758
6.45%, 09/15/36		1,304		1,372,929
6.60%, 03/15/46 (Call 09/15/45)(a)		1,049		1,114,237
7.95%, 06/15/39(a)		185		214,131
Ovintiv Inc.
6.50%, 08/15/34		430		450,659
6.50%, 02/01/38(a)		453		462,802
6.63%, 08/15/37		413		425,954
7.10%, 07/15/53 (Call 01/15/53)		409		446,568
Pertamina Persero PT
4.15%, 02/25/60 (Call 08/25/59)(a)(b)		515		380,424
4.18%, 01/21/50 (Call 07/21/49)(b)		840		641,764
4.70%, 07/30/49(b)		631		524,890
5.63%, 05/20/43(b)		1,095		1,038,574
6.00%, 05/03/42(b)		972		962,405
6.45%, 05/30/44(b)		1,336		1,386,216
6.50%, 05/27/41(b)		455		476,533
6.50%, 11/07/48(b)		679		711,143
Petronas Capital Ltd.
3.40%, 04/28/61 (Call 10/28/60)(b)		1,515		1,023,527
4.50%, 03/18/45(b)		1,222		1,072,268
4.55%, 04/21/50 (Call 10/21/49)(b)		2,264		1,979,286
4.80%, 04/21/60 (Call 10/21/59)(b)		828		740,977
Phillips 66
3.30%, 03/15/52 (Call 09/15/51)(a)		835		568,651
4.65%, 11/15/34 (Call 05/15/34)		1,037		974,505
4.88%, 11/15/44 (Call 05/15/44)		1,395		1,275,889
5.88%, 05/01/42		1,239		1,277,242
Phillips 66 Co.
4.68%, 02/15/45 (Call 08/15/44)		334		292,218
4.90%, 10/01/46 (Call 04/01/46)		609		543,802
5.65%, 06/15/54 (Call 12/15/53)		425		420,766
PTTEP Treasury Center Co. Ltd.
3.90%, 12/06/59(a)(b)		655		495,475
6.35%, 06/12/42(b)		315		343,901
Qatar Energy
3.13%, 07/12/41 (Call 01/12/41)(b)		2,633		1,929,478
3.30%, 07/12/51 (Call 01/12/51)(a)(b)		3,543		2,448,567
Reliance Industries Ltd.
3.63%, 01/12/52(a)(b)		1,592		1,156,130
3.75%, 01/12/62(b)		776		550,254
Saudi Arabian Oil Co.
3.25%, 11/24/50 (Call 05/24/50)(b)		1,961		1,297,402
3.50%, 11/24/70 (Call 05/24/70)(b)		1,815		1,141,196

S C H E D U L E  O F  I N V E S T M E N T S 245

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
4.25%, 04/16/39(b)	$	2,463	$	2,120,806
4.38%, 04/16/49(b)		2,103		1,711,737
Shell International Finance BV
2.88%, 11/26/41 (Call 05/26/41)		35		25,546
3.00%, 11/26/51 (Call 05/26/51)		950		638,573
3.13%, 11/07/49 (Call 05/07/49)		1,192		825,584
3.25%, 04/06/50 (Call 10/06/49)(a)		1,756		1,249,444
3.63%, 08/21/42		488		392,394
3.75%, 09/12/46		1,119		881,452
4.00%, 05/10/46		1,913		1,570,061
4.13%, 05/11/35		1,372		1,271,427
4.38%, 05/11/45		2,535		2,214,452
4.55%, 08/12/43		1,117		1,014,027
5.50%, 03/25/40		948		975,880
6.38%, 12/15/38(a)		2,331		2,600,327
Sinopec Capital 2013 Ltd., 4.25%, 04/24/43(b)		380		338,120
Sinopec Group Overseas Development 2012 Ltd., 4.88%, 05/17/42(b)		693		663,367
Sinopec Group Overseas Development 2013 Ltd., 5.38%, 10/17/43(b)		435		442,580
Sinopec Group Overseas Development 2015 Ltd., 4.10%, 04/28/45(b)		740		635,406
Sinopec Group Overseas Development 2016 Ltd., 4.25%, 05/03/46(b)		410		358,685
Sinopec Group Overseas Development 2017 Ltd.
4.00%, 09/13/47(b)		405		338,021
4.25%, 04/12/47(b)		350		304,385
Sinopec Group Overseas Development 2018 Ltd.
3.10%, 01/08/51 (Call 07/08/50)(b)		400		277,757
3.35%, 05/13/50 (Call 11/13/49)(b)		340		249,731
3.44%, 11/12/49 (Call 05/12/49)(b)		395		296,633
3.68%, 08/08/49 (Call 02/08/49)(b)		425		334,889
4.60%, 09/12/48(a)(b)		403		369,294
Suncor Energy Inc.
3.75%, 03/04/51 (Call 09/04/50)(a)		342		248,966
4.00%, 11/15/47 (Call 05/15/47)		556		423,934
5.95%, 12/01/34		690		718,336
6.50%, 06/15/38		1,131		1,184,005
6.80%, 05/15/38		903		964,315
6.85%, 06/01/39		760		818,119
Thaioil Treasury Center Co. Ltd.
3.50%, 10/17/49(a)(b)		511		345,661
3.75%, 06/18/50(b)		390		274,089
5.38%, 11/20/48(b)		405		372,099
TotalEnergies Capital International SA
2.99%, 06/29/41 (Call 12/29/40)		194		143,943
3.13%, 05/29/50 (Call 11/29/49)(a)		2,223		1,549,133
3.39%, 06/29/60 (Call 12/29/59)		701		486,564
3.46%, 07/12/49 (Call 01/12/49)		785		587,503
Valero Energy Corp.
3.65%, 12/01/51 (Call 06/01/51)		676		476,200
4.00%, 06/01/52 (Call 12/01/51)(a)		425		319,716
4.90%, 03/15/45(a)		326		293,370
6.63%, 06/15/37		1,448		1,550,683
XTO Energy Inc., 6.75%, 08/01/37		300		337,266
				120,238,101
Oil & Gas Services — 0.4%
Baker Hughes Holdings LLC, 5.13%, 09/15/40(a)		1,169		1,136,125
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor Inc., 4.08%, 12/15/47
(Call 06/15/47)		804		649,161

Security	Par (000)		Value
Oil & Gas Services (continued)
Halliburton Co.
4.50%, 11/15/41 (Call 05/15/41)	$	452	$	398,835
4.75%, 08/01/43 (Call 02/01/43)		823		744,106
4.85%, 11/15/35 (Call 05/15/35)		832		800,158
5.00%, 11/15/45 (Call 05/15/45)		1,508		1,403,279
6.70%, 09/15/38		768		861,374
7.45%, 09/15/39		828		994,327
NOV Inc., 3.95%, 12/01/42 (Call 06/01/42)		1,165		869,798
				7,857,163
Packaging & Containers — 0.1%
Packaging Corp. of America
3.05%, 10/01/51 (Call 04/01/51)(a)		600		400,544
4.05%, 12/15/49 (Call 06/15/49)		253		198,812
Sonoco Products Co., 5.75%, 11/01/40
(Call 05/01/40)		415		417,064
Stora Enso OYJ, 7.25%, 04/15/36(a)(b)		375		396,887
				1,413,307
Pharmaceuticals — 7.1%
AbbVie Inc.
4.05%, 11/21/39 (Call 05/21/39)(a)		3,354		2,940,561
4.25%, 11/21/49 (Call 05/21/49)		4,720		4,049,294
4.30%, 05/14/36 (Call 11/14/35)		896		831,986
4.40%, 11/06/42		2,238		2,006,605
4.45%, 05/14/46 (Call 11/14/45)		1,534		1,356,621
4.50%, 05/14/35 (Call 11/14/34)		1,783		1,698,581
4.55%, 03/15/35 (Call 09/15/34)		1,557		1,491,700
4.63%, 10/01/42 (Call 04/01/42)		319		291,904
4.70%, 05/14/45 (Call 11/14/44)		2,022		1,862,467
4.75%, 03/15/45 (Call 09/15/44)		1,179		1,092,904
4.85%, 06/15/44 (Call 12/15/43)		1,067		1,009,971
4.88%, 11/14/48 (Call 05/14/48)		1,625		1,537,850
5.35%, 03/15/44 (Call 09/15/43)		530		534,873
5.40%, 03/15/54 (Call 09/15/53)		770		781,644
5.50%, 03/15/64 (Call 09/15/63)		450		455,177
AstraZeneca PLC
2.13%, 08/06/50 (Call 02/06/50)		309		181,568
3.00%, 05/28/51 (Call 11/28/50)		847		586,975
4.00%, 09/18/42		976		832,996
4.38%, 11/16/45(a)		887		784,393
4.38%, 08/17/48 (Call 02/17/48)		562		499,991
6.45%, 09/15/37		2,523		2,843,976
Bayer U.S. Finance II LLC
3.95%, 04/15/45 (Call 10/15/44)(b)		345		238,536
4.20%, 07/15/34 (Call 01/15/34)(b)		178		149,097
4.40%, 07/15/44 (Call 01/15/44)(b)		715		539,512
4.63%, 06/25/38 (Call 12/25/37)(b)		586		482,258
4.65%, 11/15/43 (Call 05/15/43)(b)		115		87,920
4.70%, 07/15/64 (Call 01/15/64)(b)		645		461,701
4.88%, 06/25/48 (Call 12/25/47)(b)		1,638		1,297,966
5.50%, 07/30/35(a)(b)		280		256,915
Bayer U.S. Finance LLC, 6.88%, 11/21/53
(Call 05/21/53)(a)(b)		890		890,640
Becton Dickinson and Co.
3.79%, 05/20/50 (Call 11/20/49)		580		448,911
4.67%, 06/06/47 (Call 12/06/46)		1,636		1,449,054
4.69%, 12/15/44 (Call 06/15/44)		849		759,842
Bristol-Myers Squibb Co.
2.35%, 11/13/40 (Call 05/13/40)		651		436,642
2.55%, 11/13/50 (Call 05/13/50)(a)		1,481		897,583
3.25%, 08/01/42		445		336,725

246 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
3.55%, 03/15/42 (Call 09/15/41)	$	1,095	$	863,351
3.70%, 03/15/52 (Call 09/15/51)		1,823		1,383,626
3.90%, 03/15/62 (Call 09/15/61)		841		627,777
4.13%, 06/15/39 (Call 12/15/38)		1,676		1,460,124
4.25%, 10/26/49 (Call 04/26/49)		3,242		2,719,883
4.35%, 11/15/47 (Call 05/15/47)		1,211		1,030,288
4.50%, 03/01/44 (Call 09/01/43)		55		48,768
4.55%, 02/20/48 (Call 08/20/47)		1,238		1,090,076
4.63%, 05/15/44 (Call 11/15/43)		860		779,472
5.00%, 08/15/45 (Call 02/15/45)		544		517,125
5.50%, 02/22/44 (Call 08/22/43)		275		278,305
5.55%, 02/22/54 (Call 08/22/53)		1,290		1,305,293
5.65%, 02/22/64 (Call 08/22/63)		1,250		1,261,440
5.88%, 11/15/36(a)		386		407,050
6.25%, 11/15/53 (Call 05/15/53)(a)		1,100		1,218,554
6.40%, 11/15/63 (Call 05/15/63)		1,025		1,144,459
Cardinal Health Inc.
4.37%, 06/15/47 (Call 12/15/46)		501		411,857
4.50%, 11/15/44 (Call 05/15/44)		171		143,422
4.60%, 03/15/43		308		263,546
4.90%, 09/15/45 (Call 03/15/45)		347		306,282
Cencora Inc.
4.25%, 03/01/45 (Call 09/01/44)(a)		287		250,366
4.30%, 12/15/47 (Call 06/15/47)(a)		349		297,077
Cigna Group (The)
3.20%, 03/15/40 (Call 09/15/39)		527		392,823
3.40%, 03/15/50 (Call 09/15/49)		1,240		868,383
3.40%, 03/15/51 (Call 09/15/50)		1,498		1,047,295
3.88%, 10/15/47 (Call 04/15/47)		842		647,216
4.80%, 08/15/38 (Call 02/15/38)		2,004		1,858,597
4.80%, 07/15/46 (Call 01/16/46)		1,205		1,076,846
4.90%, 12/15/48 (Call 06/15/48)		2,522		2,266,615
5.38%, 02/15/42 (Call 08/15/41)		136		127,343
5.60%, 02/15/54 (Call 08/15/53)		575		565,603
6.13%, 11/15/41		404		427,294
CVS Health Corp.
2.70%, 08/21/40 (Call 02/21/40)(a)		1,059		724,086
4.13%, 04/01/40 (Call 10/01/39)		735		604,659
4.25%, 04/01/50 (Call 10/01/49)(a)		658		525,340
4.78%, 03/25/38 (Call 09/25/37)		4,137		3,759,334
4.88%, 07/20/35 (Call 01/20/35)		385		366,985
5.05%, 03/25/48 (Call 09/25/47)		6,737		6,009,225
5.13%, 07/20/45 (Call 01/20/45)		3,101		2,820,665
5.30%, 12/05/43 (Call 06/05/43)		668		621,699
5.63%, 02/21/53 (Call 08/21/52)		1,034		993,389
5.88%, 06/01/53 (Call 12/01/52)(a)		1,063		1,059,514
6.00%, 06/01/63 (Call 12/01/62)(a)		601		601,642
6.13%, 09/15/39		444		454,193
Eli Lilly & Co.
2.25%, 05/15/50 (Call 11/15/49)(a)		1,147		693,597
2.50%, 09/15/60 (Call 03/15/60)		730		427,089
3.70%, 03/01/45 (Call 09/01/44)		251		206,343
3.95%, 05/15/47 (Call 11/15/46)		310		266,110
3.95%, 03/15/49 (Call 09/15/48)		871		732,412
4.15%, 03/15/59 (Call 09/15/58)		384		324,476
4.88%, 02/27/53 (Call 08/27/52)		1,104		1,067,908
4.95%, 02/27/63 (Call 08/27/62)		1,033		996,504
5.00%, 02/09/54 (Call 08/09/53)		720		709,243
5.10%, 02/09/64 (Call 08/09/63)		875		859,814
5.55%, 03/15/37(a)		500		524,745
5.95%, 11/15/37(a)		215		231,834

Security	Par (000)		Value
Pharmaceuticals (continued)
GlaxoSmithKline Capital Inc.
4.20%, 03/18/43	$	514	$	452,000
6.38%, 05/15/38		2,365		2,649,921
Johnson & Johnson
2.10%, 09/01/40 (Call 03/01/40)		579		393,485
2.25%, 09/01/50 (Call 03/01/50)(a)		843		520,383
2.45%, 09/01/60 (Call 03/01/60)		1,021		602,610
3.40%, 01/15/38 (Call 07/15/37)		843		715,505
3.50%, 01/15/48 (Call 07/15/47)(a)		641		506,626
3.55%, 03/01/36 (Call 09/01/35)		700		619,785
3.63%, 03/03/37 (Call 09/03/36)		1,178		1,041,032
3.70%, 03/01/46 (Call 09/01/45)		2,064		1,694,822
3.75%, 03/03/47 (Call 09/03/46)		1,036		852,651
4.50%, 09/01/40		591		562,077
4.50%, 12/05/43 (Call 06/05/43)		534		502,481
4.85%, 05/15/41		409		402,650
5.85%, 07/15/38(a)		542		595,963
5.95%, 08/15/37		829		915,142
McKesson Corp., 4.88%, 03/15/44 (Call 09/15/43)		196		173,281
Mead Johnson Nutrition Co.
4.60%, 06/01/44 (Call 12/01/43)(a)		186		165,265
5.90%, 11/01/39		518		539,186
Merck & Co. Inc.
2.35%, 06/24/40 (Call 12/24/39)		575		398,659
2.45%, 06/24/50 (Call 12/24/49)(a)		1,139		701,846
2.75%, 12/10/51 (Call 06/10/51)		1,725		1,112,664
2.90%, 12/10/61 (Call 06/10/61)		1,328		825,249
3.60%, 09/15/42 (Call 03/15/42)		627		508,984
3.70%, 02/10/45 (Call 08/10/44)		1,403		1,135,550
3.90%, 03/07/39 (Call 09/07/38)		857		751,788
4.00%, 03/07/49 (Call 09/07/48)		1,384		1,155,380
4.15%, 05/18/43		1,144		998,784
4.90%, 05/17/44 (Call 11/17/43)		800		768,473
5.00%, 05/17/53 (Call 11/17/52)		1,294		1,254,128
5.15%, 05/17/63 (Call 11/17/62)		860		839,191
6.55%, 09/15/37		473		529,917
Merck Sharp & Dohme Corp.
5.75%, 11/15/36		321		341,958
5.85%, 06/30/39		256		269,434
Mylan Inc.
5.20%, 04/15/48 (Call 10/15/47)		619		508,849
5.40%, 11/29/43 (Call 05/29/43)		425		368,172
Novartis Capital Corp.
2.75%, 08/14/50 (Call 02/14/50)(a)		1,020		679,388
3.70%, 09/21/42		543		450,353
4.00%, 11/20/45 (Call 05/20/45)		930		790,324
4.40%, 05/06/44		1,639		1,491,570
Pfizer Inc.
2.55%, 05/28/40 (Call 11/28/39)		884		620,177
2.70%, 05/28/50 (Call 11/28/49)		1,138		751,231
3.90%, 03/15/39 (Call 09/15/38)		533		455,180
4.00%, 12/15/36(a)		747		670,706
4.00%, 03/15/49 (Call 09/15/48)		1,096		904,746
4.10%, 09/15/38 (Call 03/15/38)		522		464,598
4.13%, 12/15/46		1,220		1,023,266
4.20%, 09/15/48 (Call 03/15/48)		1,391		1,185,112
4.30%, 06/15/43		779		683,862
4.40%, 05/15/44		895		805,588
5.60%, 09/15/40		495		508,743
7.20%, 03/15/39		1,898		2,255,534

S C H E D U L E  O F  I N V E S T M E N T S 247

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
Pfizer Investment Enterprises Pte Ltd.
5.11%, 05/19/43 (Call 11/19/42)(a)	$	2,518	$	2,421,685
5.30%, 05/19/53 (Call 11/19/52)		4,961		4,852,836
5.34%, 05/19/63 (Call 11/19/62)		3,182		3,065,073
Takeda Pharmaceutical Co. Ltd.
3.03%, 07/09/40 (Call 01/09/40)		1,144		852,154
3.18%, 07/09/50 (Call 01/09/50)		1,738		1,196,183
3.38%, 07/09/60 (Call 01/09/60)		822		550,588
Utah Acquisition Sub Inc., 5.25%, 06/15/46
(Call 12/15/45)		809		661,000
Viatris Inc.
3.85%, 06/22/40 (Call 12/22/39)		1,313		964,960
4.00%, 06/22/50 (Call 12/22/49)(a)		1,628		1,111,238
Wyeth LLC
5.95%, 04/01/37		1,821		1,945,538
6.00%, 02/15/36(a)		521		557,479
Zoetis Inc.
3.00%, 05/15/50 (Call 11/15/49)		309		211,947
3.95%, 09/12/47 (Call 03/12/47)		332		265,662
4.45%, 08/20/48 (Call 02/20/48)		247		216,572
4.70%, 02/01/43 (Call 08/01/42)		1,085		992,829
				149,052,314
Pipelines — 4.7%
Abu Dhabi Crude Oil Pipeline LLC, 4.60%, 11/02/47(b)		1,591		1,412,808
Cameron LNG LLC
3.30%, 01/15/35 (Call 09/15/34)(a)(b)		530		438,320
3.40%, 01/15/38 (Call 07/15/37)(b)		434		356,011
3.70%, 01/15/39 (Call 07/15/38)(b)		455		373,260
Cheniere Corpus Christi Holdings LLC, 2.74%, 12/31/39 (Call 07/04/39)(a)		177		138,346
Colonial Pipeline Co.
4.20%, 04/15/43 (Call 10/15/42)(a)(b)		110		92,052
4.25%, 04/15/48 (Call 10/15/47)(a)(b)		421		346,990
6.38%, 08/01/37(b)		70		71,210
Columbia Pipeline Group Inc., 5.80%, 06/01/45
(Call 12/01/44)		305		295,232
Columbia Pipelines Operating Co. LLC
6.50%, 08/15/43 (Call 02/15/43)(b)		312		330,161
6.54%, 11/15/53 (Call 05/15/53)(b)		1,157		1,232,521
6.71%, 08/15/63 (Call 02/15/63)(b)		426		461,295
DCP Midstream Operating LP
5.60%, 04/01/44 (Call 10/01/43)		299		284,741
6.45%, 11/03/36(b)		430		442,979
6.75%, 09/15/37(b)		563		599,300
Eastern Gas Transmission & Storage Inc.
3.90%, 11/15/49 (Call 05/15/49)		218		158,633
4.60%, 12/15/44 (Call 06/15/44)		312		266,346
4.80%, 11/01/43 (Call 05/01/43)		172		151,491
EIG Pearl Holdings Sarl
3.55%, 08/31/36(b)		265		224,985
4.39%, 11/30/46(b)		985		758,265
Enbridge Energy Partners LP
5.50%, 09/15/40 (Call 03/15/40)		497		482,702
7.38%, 10/15/45 (Call 04/15/45)		477		549,138
Series B, 7.50%, 04/15/38		390		451,071
Enbridge Inc.
3.40%, 08/01/51 (Call 02/01/51)(a)		875		611,532
4.00%, 11/15/49 (Call 05/15/49)(a)		448		345,039
4.50%, 06/10/44 (Call 12/10/43)		413		342,977
5.50%, 12/01/46 (Call 06/01/46)(a)		530		512,465

Security	Par (000)		Value
Pipelines (continued)
6.70%, 11/15/53 (Call 05/15/53)(a)	$	1,060	$	1,184,897
Energy Transfer LP
4.90%, 03/15/35 (Call 09/15/34)		279		260,145
4.95%, 01/15/43 (Call 07/15/42)(a)		338		290,699
5.00%, 05/15/44 (Call 11/15/43)		540		468,530
5.00%, 05/15/50 (Call 11/15/49)		1,787		1,540,551
5.15%, 02/01/43 (Call 08/01/42)		409		360,264
5.15%, 03/15/45 (Call 09/15/44)		922		822,556
5.30%, 04/01/44 (Call 10/01/43)		623		564,608
5.30%, 04/15/47 (Call 10/15/46)		842		754,134
5.35%, 05/15/45 (Call 11/15/44)		830		754,591
5.40%, 10/01/47 (Call 04/01/47)		1,283		1,163,690
5.95%, 10/01/43 (Call 04/01/43)		398		387,017
5.95%, 05/15/54 (Call 11/15/53)		1,016		991,587
6.00%, 06/15/48 (Call 12/15/47)		935		916,442
6.05%, 06/01/41 (Call 12/01/40)		654		647,966
6.10%, 02/15/42		265		262,080
6.13%, 12/15/45 (Call 06/15/45)		946		939,993
6.25%, 04/15/49 (Call 10/15/48)		1,512		1,526,609
6.50%, 02/01/42 (Call 08/01/41)		864		905,399
6.63%, 10/15/36		686		717,708
6.85%, 02/15/40(a)		165		170,277
7.50%, 07/01/38(a)		564		638,870
Series 20Y, 5.80%, 06/15/38 (Call 12/15/37)		395		390,528
Enterprise Products Operating LLC
3.20%, 02/15/52 (Call 08/15/51)		908		620,819
3.30%, 02/15/53 (Call 08/15/52)(a)		932		648,864
3.70%, 01/31/51 (Call 07/31/50)		773		581,403
3.95%, 01/31/60 (Call 07/31/59)		918		698,537
4.20%, 01/31/50 (Call 07/31/49)		1,098		906,563
4.25%, 02/15/48 (Call 08/15/47)		1,141		954,510
4.45%, 02/15/43 (Call 08/15/42)		1,001		874,131
4.80%, 02/01/49 (Call 08/01/48)		1,041		943,099
4.85%, 08/15/42 (Call 02/15/42)		675		617,437
4.85%, 03/15/44 (Call 09/15/43)		1,338		1,227,499
4.90%, 05/15/46 (Call 11/15/45)		893		815,521
4.95%, 10/15/54 (Call 04/15/54)		383		349,263
5.10%, 02/15/45 (Call 08/15/44)		969		910,220
5.70%, 02/15/42		561		567,474
5.95%, 02/01/41		695		728,355
6.13%, 10/15/39		570		601,006
6.45%, 09/01/40(a)		570		621,144
7.55%, 04/15/38		340		404,470
Series H, 6.65%, 10/15/34		223		246,242
Series J, 5.75%, 03/01/35		75		75,508
Fermaca Enterprises S de RL de CV, 6.38%, 03/30/38 (Call 09/30/37)(b)		150		145,172
Flex Intermediate Holdco LLC, 4.32%, 12/30/39
(Call 06/30/39)(b)		193		139,516
FLNG Liquefaction 2 LLC, 4.13%, 03/31/38(b)		410		355,175
Galaxy Pipeline Assets Bidco Ltd.
2.63%, 03/31/36(a)(b)		1,022		827,884
2.94%, 09/30/40(a)(b)		1,467		1,167,939
3.25%, 09/30/40(a)(b)		1,225		924,726
Greensaif Pipelines Bidco Sarl
6.13%, 02/23/38(b)		600		609,374
6.51%, 02/23/42(b)		845		870,868
Gulfstream Natural Gas System LLC, 5.95%, 10/15/45 (Call 04/15/45)(b)		197		177,560
Kinder Morgan Energy Partners LP
4.70%, 11/01/42 (Call 05/01/42)		413		347,436

248 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
5.00%, 08/15/42 (Call 02/15/42)(a)	$	565	$	491,510
5.00%, 03/01/43 (Call 09/01/42)		627		548,875
5.40%, 09/01/44 (Call 03/01/44)		480		438,322
5.50%, 03/01/44 (Call 09/01/43)		634		586,407
5.63%, 09/01/41		337		316,992
5.80%, 03/15/35		470		472,389
6.38%, 03/01/41(a)		499		507,407
6.50%, 02/01/37		241		248,266
6.50%, 09/01/39		486		500,099
6.55%, 09/15/40		362		374,264
6.95%, 01/15/38		1,105		1,196,377
7.50%, 11/15/40		325		362,139
Kinder Morgan Inc.
3.25%, 08/01/50 (Call 02/01/50)		552		357,730
3.60%, 02/15/51 (Call 08/15/50)		1,029		706,227
5.05%, 02/15/46 (Call 08/15/45)		688		600,111
5.20%, 03/01/48 (Call 09/01/47)		723		642,486
5.30%, 12/01/34 (Call 06/01/34)(a)		400		389,905
5.45%, 08/01/52 (Call 02/01/52)(a)		711		654,231
5.55%, 06/01/45 (Call 12/01/44)		1,663		1,561,321
Magellan Midstream Partners LP, 3.95%, 03/01/50 (Call 09/01/49)		684		501,226
MPLX LP
4.50%, 04/15/38 (Call 10/15/37)		983		855,526
4.70%, 04/15/48 (Call 10/15/47)		1,404		1,176,316
4.90%, 04/15/58 (Call 10/15/57)(a)		403		333,148
4.95%, 03/14/52 (Call 09/14/51)		1,293		1,109,691
5.20%, 03/01/47 (Call 09/01/46)		970		870,398
5.20%, 12/01/47 (Call 06/01/47)		656		586,896
5.50%, 02/15/49 (Call 08/15/48)(a)		1,371		1,283,955
5.65%, 03/01/53 (Call 09/01/52)		502		477,368
NGPL PipeCo LLC, 7.77%, 12/15/37(b)		541		598,637
Northern Natural Gas Co.
3.40%, 10/16/51 (Call 04/16/51)(b)		461		318,178
4.10%, 09/15/42 (Call 03/15/42)(b)		338		261,209
4.30%, 01/15/49 (Call 07/15/48)(b)		472		388,006
5.63%, 02/01/54 (Call 08/01/53)(b)		400		405,132
ONEOK Inc.
4.20%, 12/01/42 (Call 06/01/42)(a)		291		226,092
4.20%, 03/15/45		204		151,462
4.20%, 10/03/47 (Call 04/03/47)		473		362,669
4.25%, 09/15/46(a)		481		374,793
4.45%, 09/01/49 (Call 03/01/49)(a)		581		464,717
4.50%, 03/15/50 (Call 09/15/49)		363		290,947
4.85%, 02/01/49		495		422,881
4.95%, 07/13/47 (Call 01/06/47)		679		585,921
5.15%, 10/15/43(a)		519		467,944
5.20%, 07/15/48 (Call 01/15/48)		816		737,086
6.00%, 06/15/35		409		412,753
6.40%, 05/01/37(a)		305		308,607
6.63%, 09/01/53 (Call 03/01/53)		1,493		1,604,419
7.15%, 01/15/51 (Call 07/15/50)		332		370,511
ONEOK Partners LP
6.13%, 02/01/41 (Call 08/01/40)		628		638,018
6.20%, 09/15/43 (Call 03/15/43)		239		243,835
6.65%, 10/01/36		560		593,337
6.85%, 10/15/37		493		528,247
Plains All American Pipeline LP/PAA Finance Corp.
4.30%, 01/31/43 (Call 07/31/42)(a)		524		413,206
4.70%, 06/15/44 (Call 12/15/43)(a)		515		426,599
4.90%, 02/15/45 (Call 08/15/44)		614		517,081

Security	Par (000)		Value
Pipelines (continued)
5.15%, 06/01/42 (Call 12/01/41)	$	544	$	479,699
6.65%, 01/15/37		549		581,070
Sabal Trail Transmission LLC
4.68%, 05/01/38 (Call 11/01/37)(b)		94		84,992
4.83%, 05/01/48 (Call 11/01/47)(b)		274		233,499
Sabine Pass Liquefaction LLC, 5.90%, 09/15/37
(Call 03/15/37)		240		248,582
Southern Natural Gas Co. LLC, 4.80%, 03/15/47
(Call 09/15/46)(b)		400		325,230
Spectra Energy Partners LP
4.50%, 03/15/45 (Call 09/15/44)		541		453,795
5.95%, 09/25/43 (Call 03/25/43)		265		263,321
Targa Resources Corp.
4.95%, 04/15/52 (Call 10/15/51)		740		633,105
6.25%, 07/01/52 (Call 01/01/52)		450		455,960
6.50%, 02/15/53 (Call 08/15/52)		752		788,453
Tennessee Gas Pipeline Co. LLC, 7.63%, 04/01/37(a)		180		202,733
Texas Eastern Transmission LP, 4.15%, 01/15/48
(Call 07/15/47)(b)		218		175,603
TransCanada PipeLines Ltd.
4.75%, 05/15/38 (Call 11/15/37)(a)		185		167,065
4.88%, 05/15/48 (Call 11/15/47)		789		688,424
5.00%, 10/16/43 (Call 04/16/43)		635		567,305
5.10%, 03/15/49 (Call 09/15/48)(a)		826		759,481
5.85%, 03/15/36		595		594,570
6.10%, 06/01/40		700		714,272
6.20%, 10/15/37		935		960,110
7.25%, 08/15/38		670		749,556
7.63%, 01/15/39		1,184		1,382,458
Transcontinental Gas Pipe Line Co. LLC
3.95%, 05/15/50 (Call 11/15/49)		415		322,637
4.45%, 08/01/42 (Call 02/01/42)(a)		413		357,479
4.60%, 03/15/48 (Call 09/15/47)		540		473,690
5.40%, 08/15/41 (Call 02/15/41)		399		388,869
Western Midstream Operating LP
5.25%, 02/01/50 (Call 08/01/49)		1,028		909,425
5.30%, 03/01/48 (Call 09/01/47)		570		491,221
5.45%, 04/01/44 (Call 10/01/43)(a)		471		422,167
5.50%, 08/15/48 (Call 02/15/48)		269		236,365
Williams Companies Inc. (The)
3.50%, 10/15/51 (Call 04/15/51)(a)		621		431,361
4.85%, 03/01/48 (Call 09/01/47)		791		696,625
4.90%, 01/15/45 (Call 07/15/44)		419		369,523
5.10%, 09/15/45 (Call 03/15/45)		846		771,786
5.30%, 08/15/52 (Call 02/15/52)		692		647,484
5.40%, 03/04/44 (Call 09/04/43)		425		398,239
5.75%, 06/24/44 (Call 12/24/43)		543		532,650
5.80%, 11/15/43 (Call 05/15/43)		427		418,446
6.30%, 04/15/40		1,055		1,097,856
				98,083,701
Private Equity — 0.1%
Apollo Management Holdings LP, 5.00%, 03/15/48
(Call 09/15/47)(a)(b)		195		176,644
Carlyle Finance LLC, 5.65%, 09/15/48
(Call 03/15/48)(b)		249		233,706
Carlyle Holdings II Finance LLC, 5.63%, 03/30/43(b)		499		474,893
KKR Group Finance Co. III LLC, 5.13%, 06/01/44
(Call 12/01/43)(a)(b)		833		758,666

S C H E D U L E  O F  I N V E S T M E N T S 249

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Private Equity (continued)
KKR Group Finance Co. VII LLC, 3.63%, 02/25/50
(Call 08/25/49)(a)(b)	$	431	$	303,311
KKR Group Finance Co. VIII LLC, 3.50%, 08/25/50
(Call 02/25/50)(a)(b)		671		459,569
KKR Group Finance Co. X LLC, 3.25%, 12/15/51
(Call 06/15/51)(a)(b)		641		429,178
				2,835,967
Real Estate — 0.1%
CBRE Services Inc., 5.95%, 08/15/34
(Call 05/15/34)		552		557,063
Kilroy Realty LP, 6.25%, 01/15/36 (Call 10/15/35)		120		115,525
Prologis LP, 5.25%, 03/15/54 (Call 09/15/53)		725		696,177
Sinochem Overseas Capital Co. Ltd., 6.30%, 11/12/40(b)		170		182,730
				1,551,495
Real Estate Investment Trusts — 1.2%
Alexandria Real Estate Equities Inc.
3.00%, 05/18/51 (Call 11/18/50)(a)		884		556,156
3.55%, 03/15/52 (Call 09/15/51)		890		617,513
4.00%, 02/01/50 (Call 08/01/49)		637		481,372
4.75%, 04/15/35 (Call 01/15/35)		813		757,514
4.85%, 04/15/49 (Call 10/15/48)(a)		212		184,831
5.15%, 04/15/53 (Call 10/15/52)(a)		443		401,447
5.25%, 05/15/36 (Call 02/15/36)		265		254,388
5.63%, 05/15/54 (Call 11/15/53)		400		384,903
American Homes 4 Rent LP
3.38%, 07/15/51 (Call 01/15/51)(a)		355		234,002
4.30%, 04/15/52 (Call 10/15/51)(a)		280		217,254
American Tower Corp.
2.95%, 01/15/51 (Call 07/15/50)(a)		853		541,382
3.10%, 06/15/50 (Call 12/15/49)		926		605,930
3.70%, 10/15/49 (Call 04/15/49)		569		412,942
AvalonBay Communities Inc.
3.90%, 10/15/46 (Call 04/15/46)		311		243,512
4.15%, 07/01/47 (Call 01/01/47)(a)		265		214,462
4.35%, 04/15/48 (Call 10/18/47)		238		201,220
Camden Property Trust, 3.35%, 11/01/49
(Call 05/01/49)(a)		274		195,444
Crown Castle Inc.
2.90%, 04/01/41 (Call 10/01/40)		1,003		695,668
3.25%, 01/15/51 (Call 07/15/50)(a)		895		605,771
4.00%, 11/15/49 (Call 05/15/49)		288		221,383
4.15%, 07/01/50 (Call 01/01/50)		563		443,862
4.75%, 05/15/47 (Call 11/15/46)(a)		222		186,884
5.20%, 02/15/49 (Call 08/15/48)		281		253,546
Equinix Inc.
2.95%, 09/15/51 (Call 03/15/51)(a)		439		278,849
3.00%, 07/15/50 (Call 01/15/50)		328		212,884
3.40%, 02/15/52 (Call 08/15/51)(a)		323		223,565
ERP Operating LP
4.00%, 08/01/47 (Call 02/01/47)(a)		300		230,557
4.50%, 07/01/44 (Call 01/01/44)		566		486,529
4.50%, 06/01/45 (Call 12/01/44)		267		222,883
Essex Portfolio LP
2.65%, 09/01/50 (Call 03/01/50)(a)		349		202,773
4.50%, 03/15/48 (Call 09/15/47)(a)		240		200,664
Federal Realty OP LP
3.63%, 08/01/46 (Call 02/01/46)		259		166,166
4.50%, 12/01/44 (Call 06/01/44)(a)		448		363,147

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Goodman U.S. Finance Four LLC, 4.50%, 10/15/37
(Call 04/15/37)(b)	$	173	$	145,103
Healthpeak OP LLC, 6.75%, 02/01/41
(Call 08/01/40)(a)		312		340,607
Kimco Realty OP LLC
3.70%, 10/01/49 (Call 04/01/49)(a)		357		255,778
4.13%, 12/01/46 (Call 06/01/46)		281		213,394
4.25%, 04/01/45 (Call 10/01/44)(a)		460		359,707
4.45%, 09/01/47 (Call 03/01/47)		333		263,783
Mid-America Apartments LP, 2.88%, 09/15/51
(Call 03/15/51)		185		117,351
NNN REIT Inc.
3.00%, 04/15/52 (Call 10/15/51)(a)		473		302,084
3.10%, 04/15/50 (Call 10/15/49)(a)		265		171,193
3.50%, 04/15/51 (Call 10/15/50)		384		273,395
4.80%, 10/15/48 (Call 04/15/48)		296		253,904
Prologis LP
2.13%, 10/15/50 (Call 04/15/50)		493		270,632
3.00%, 04/15/50 (Call 10/15/49)(a)		624		421,921
3.05%, 03/01/50 (Call 09/01/49)		296		201,100
4.38%, 09/15/48 (Call 03/15/48)		280		237,187
5.25%, 06/15/53 (Call 12/15/52)		825		799,517
Public Storage Operating Co., 5.35%, 08/01/53
(Call 02/01/53)		605		600,228
Realty Income Corp.
4.65%, 03/15/47 (Call 09/15/46)		484		421,371
5.88%, 03/15/35(a)		275		277,599
Regency Centers LP
4.40%, 02/01/47 (Call 08/01/46)		364		291,416
4.65%, 03/15/49 (Call 09/15/48)		333		282,632
Simon Property Group LP
3.25%, 09/13/49 (Call 03/13/49)(a)		1,009		699,280
3.80%, 07/15/50 (Call 01/15/50)		684		518,125
4.25%, 10/01/44 (Call 04/01/44)(a)		347		283,928
4.25%, 11/30/46 (Call 05/30/46)		435		352,595
4.75%, 03/15/42 (Call 09/15/41)		498		444,659
5.85%, 03/08/53 (Call 09/03/52)		575		582,120
6.65%, 01/15/54 (Call 07/15/53)(a)		425		478,075
6.75%, 02/01/40 (Call 11/01/39)(a)		536		588,575
Trust Fibra Uno
6.39%, 01/15/50 (Call 07/15/49)(b)		500		420,640
6.95%, 01/30/44 (Call 07/30/43)(b)		445		396,782
UDR Inc., 3.10%, 11/01/34 (Call 08/01/34)		235		188,994
Ventas Realty LP
4.38%, 02/01/45 (Call 08/01/44)		195		154,305
4.88%, 04/15/49 (Call 10/15/48)		398		337,809
5.70%, 09/30/43 (Call 03/30/43)		333		314,099
VICI Properties LP, 5.63%, 05/15/52
(Call 11/15/51)		685		620,247
WEA Finance LLC, 4.63%, 09/20/48
(Call 03/20/48)(a)(b)		423		288,991
WEA Finance LLC/Westfield U.K. & Europe
Finance PLC, 4.75%, 09/17/44
(Call 03/17/44)(b)		437		306,236
Welltower OP LLC
4.95%, 09/01/48 (Call 03/01/48)		454		409,243
5.13%, 03/15/43 (Call 09/15/42)		255		228,350
6.50%, 03/15/41 (Call 09/15/40)		340		366,983
Weyerhaeuser Co., 4.00%, 03/09/52
(Call 09/09/51)		344		269,877
				26,249,218

250 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail — 2.8%
7-Eleven Inc.
2.50%, 02/10/41 (Call 08/10/40)(a)(b)	$	231	$	154,546
2.80%, 02/10/51 (Call 08/02/50)(b)		925		573,367
Alimentation Couche-Tard Inc.
3.44%, 05/13/41 (Call 11/13/40)(b)		236		178,790
3.63%, 05/13/51 (Call 11/13/50)(a)(b)		390		284,393
3.80%, 01/25/50 (Call 07/25/49)(b)		373		284,876
4.50%, 07/26/47 (Call 01/26/47)(b)		469		392,199
5.62%, 02/12/54 (Call 08/12/53)(b)		360		358,837
CK Hutchison International 20 Ltd., 3.38%, 05/08/50 (Call 11/08/49)(a)(b)		665		490,011
CK Hutchison International 21 Ltd., 3.13%, 04/15/41 (Call 10/15/40)(a)(b)		585		445,320
Darden Restaurants Inc., 4.55%, 02/15/48
(Call 08/15/47)		259		210,553
Dick’s Sporting Goods Inc., 4.10%, 01/15/52
(Call 07/15/51)		691		488,477
Dollar General Corp.
4.13%, 04/03/50 (Call 10/03/49)(a)		316		241,294
5.50%, 11/01/52 (Call 05/01/52)(a)		170		160,438
Dollar Tree Inc., 3.38%, 12/01/51 (Call 06/01/51)		272		178,845
Home Depot Inc. (The)
2.38%, 03/15/51 (Call 09/15/50)		1,089		640,723
2.75%, 09/15/51 (Call 03/15/51)		965		617,242
3.13%, 12/15/49 (Call 06/15/49)		1,173		816,795
3.30%, 04/15/40 (Call 10/15/39)		951		745,036
3.35%, 04/15/50 (Call 10/15/49)		1,384		1,001,816
3.50%, 09/15/56 (Call 03/15/56)		695		513,424
3.63%, 04/15/52 (Call 10/15/51)		1,348		1,018,264
3.90%, 06/15/47 (Call 12/15/46)		997		806,159
4.20%, 04/01/43 (Call 10/01/42)		848		731,289
4.25%, 04/01/46 (Call 10/01/45)		1,350		1,153,022
4.40%, 03/15/45 (Call 09/15/44)		852		746,008
4.50%, 12/06/48 (Call 06/06/48)(a)		1,291		1,139,164
4.88%, 02/15/44 (Call 08/15/43)		885		830,134
4.95%, 09/15/52 (Call 03/15/52)(a)		990		940,351
5.40%, 09/15/40 (Call 03/15/40)		379		381,354
5.88%, 12/16/36		2,458		2,614,040
5.95%, 04/01/41 (Call 10/01/40)		827		882,200
Lowe’s Companies Inc.
2.80%, 09/15/41 (Call 03/15/41)		661		461,681
3.00%, 10/15/50 (Call 04/15/50)		1,540		993,576
3.50%, 04/01/51 (Call 10/01/50)		500		351,705
3.70%, 04/15/46 (Call 10/15/45)		1,119		841,824
4.05%, 05/03/47 (Call 11/03/46)		1,325		1,048,955
4.25%, 04/01/52 (Call 10/01/51)		1,324		1,063,735
4.38%, 09/15/45 (Call 03/15/45)		329		278,732
4.45%, 04/01/62 (Call 10/01/61)		945		754,519
4.55%, 04/05/49 (Call 10/05/48)		592		497,685
4.65%, 04/15/42 (Call 10/15/41)		464		414,325
5.00%, 04/15/40 (Call 10/15/39)		610		579,634
5.00%, 09/15/43 (Call 03/15/43)(a)		30		27,269
5.13%, 04/15/50 (Call 10/15/49)		444		410,624
5.50%, 10/15/35		547		563,230
5.63%, 04/15/53 (Call 10/15/52)		1,265		1,255,466
5.75%, 07/01/53 (Call 01/01/53)		484		488,931
5.80%, 10/15/36		220		225,516
5.80%, 09/15/62 (Call 03/15/62)		834		832,102
5.85%, 04/01/63 (Call 10/01/62)		412		415,615
McDonald’s Corp.
3.63%, 05/01/43		586		461,372

Security	Par (000)		Value
Retail (continued)
3.63%, 09/01/49 (Call 03/01/49)	$	1,548	$	1,159,547
3.70%, 02/15/42		416		335,096
4.20%, 04/01/50 (Call 10/01/49)		642		531,020
4.45%, 03/01/47 (Call 09/01/46)		951		817,176
4.45%, 09/01/48 (Call 03/01/48)		701		607,094
4.60%, 05/26/45 (Call 11/26/44)		531		471,693
4.70%, 12/09/35 (Call 06/09/35)		252		242,090
4.88%, 07/15/40(a)		259		244,640
4.88%, 12/09/45 (Call 06/09/45)		1,351		1,246,099
5.15%, 09/09/52 (Call 03/09/52)		659		625,978
5.45%, 08/14/53 (Call 02/14/53)		696		693,664
5.70%, 02/01/39(a)		335		344,442
6.30%, 10/15/37		807		880,515
6.30%, 03/01/38		797		870,511
Starbucks Corp.
3.35%, 03/12/50 (Call 09/12/49)		438		309,690
3.50%, 11/15/50 (Call 05/15/50)(a)		1,084		793,686
3.75%, 12/01/47 (Call 06/01/47)(a)		374		287,487
4.30%, 06/15/45 (Call 12/15/44)		231		195,973
4.45%, 08/15/49 (Call 02/15/49)(a)		858		733,984
4.50%, 11/15/48 (Call 05/15/48)		925		800,203
Target Corp.
2.95%, 01/15/52 (Call 07/15/51)		976		649,517
3.63%, 04/15/46		557		434,264
3.90%, 11/15/47 (Call 05/15/47)		502		410,214
4.00%, 07/01/42		849		734,492
4.80%, 01/15/53 (Call 07/15/52)(a)		1,050		970,823
6.50%, 10/15/37		324		361,878
7.00%, 01/15/38		440		514,323
Tiffany & Co., 4.90%, 10/01/44 (Call 04/01/44)(a)		216		200,524
TJX Companies Inc. (The), 4.50%, 04/15/50
(Call 10/15/49)		185		168,545
Walmart Inc.
2.50%, 09/22/41 (Call 03/22/41)		860		607,399
2.65%, 09/22/51 (Call 03/22/51)(a)		1,395		908,496
2.95%, 09/24/49 (Call 03/24/49)		711		496,050
3.63%, 12/15/47 (Call 06/15/47)		492		388,827
3.95%, 06/28/38 (Call 12/28/37)		179		161,576
4.00%, 04/11/43 (Call 10/11/42)		295		255,936
4.05%, 06/29/48 (Call 12/29/47)		1,620		1,397,060
4.30%, 04/22/44 (Call 10/22/43)(a)		265		238,510
4.50%, 09/09/52 (Call 03/09/52)		936		852,311
4.50%, 04/15/53 (Call 10/15/52)		1,336		1,214,478
4.88%, 07/08/40(a)		285		284,400
5.00%, 10/25/40		400		403,976
5.25%, 09/01/35		1,277		1,324,034
5.63%, 04/01/40		565		599,678
5.63%, 04/15/41(a)		50		53,125
6.20%, 04/15/38		670		752,648
6.50%, 08/15/37		955		1,094,874
				59,654,009
Semiconductors — 2.3%
Advanced Micro Devices Inc., 4.39%, 06/01/52
(Call 12/01/51)(a)		321		283,433
Analog Devices Inc.
2.80%, 10/01/41 (Call 04/01/41)		458		325,682
2.95%, 10/01/51 (Call 04/01/51)		795		531,404
5.30%, 12/15/45 (Call 06/15/45)		160		155,334
Applied Materials Inc.
2.75%, 06/01/50 (Call 12/01/49)		414		278,437
4.35%, 04/01/47 (Call 10/01/46)		780		693,408

S C H E D U L E  O F  I N V E S T M E N T S 251

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
5.10%, 10/01/35 (Call 04/01/35)(a)	$	234	$	237,026
5.85%, 06/15/41		516		556,147
Broadcom Inc.
3.14%, 11/15/35 (Call 08/15/35)(a)(b)		2,787		2,212,282
3.19%, 11/15/36 (Call 08/15/36)(b)		2,359		1,849,357
3.47%, 04/15/34 (Call 01/15/34)(b)		1,383		1,168,026
3.50%, 02/15/41 (Call 08/15/40)(b)		2,395		1,831,487
3.75%, 02/15/51 (Call 08/15/50)(b)		1,602		1,197,693
4.93%, 05/15/37 (Call 02/15/37)(b)		2,072		1,930,447
Intel Corp.
2.80%, 08/12/41 (Call 02/12/41)		505		358,750
3.05%, 08/12/51 (Call 02/12/51)(a)		1,264		836,419
3.10%, 02/15/60 (Call 08/15/59)		929		588,592
3.20%, 08/12/61 (Call 02/12/61)		640		412,895
3.25%, 11/15/49 (Call 05/15/49)		2,013		1,394,833
3.73%, 12/08/47 (Call 06/08/47)		1,611		1,224,774
4.10%, 05/19/46 (Call 11/19/45)		1,046		868,012
4.10%, 05/11/47 (Call 11/11/46)		839		692,054
4.25%, 12/15/42(a)		525		447,665
4.60%, 03/25/40 (Call 09/25/39)(a)		559		519,282
4.75%, 03/25/50 (Call 09/25/49)		1,960		1,746,875
4.80%, 10/01/41		644		601,775
4.90%, 07/29/45 (Call 01/29/45)(a)		601		568,716
4.90%, 08/05/52 (Call 02/05/52)		1,478		1,359,912
4.95%, 03/25/60 (Call 09/25/59)(a)		753		687,206
5.05%, 08/05/62 (Call 02/05/62)		820		755,743
5.60%, 02/21/54 (Call 08/21/53)		215		214,876
5.63%, 02/10/43 (Call 08/10/42)		815		827,786
5.70%, 02/10/53 (Call 08/10/52)		1,700		1,723,270
5.90%, 02/10/63 (Call 08/10/62)		1,101		1,146,932
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		660		476,829
4.95%, 07/15/52 (Call 01/15/52)		1,190		1,126,941
5.00%, 03/15/49 (Call 09/15/48)		230		219,436
5.25%, 07/15/62 (Call 01/15/62)		643		630,851
5.65%, 11/01/34 (Call 07/01/34)(a)		220		228,801
Lam Research Corp.
2.88%, 06/15/50 (Call 12/15/49)(a)		563		379,808
3.13%, 06/15/60 (Call 12/15/59)		389		255,492
4.88%, 03/15/49 (Call 09/15/48)		605		570,129
Micron Technology Inc.
3.37%, 11/01/41 (Call 05/01/41)		309		225,150
3.48%, 11/01/51 (Call 05/01/51)(a)		321		223,184
NVIDIA Corp.
3.50%, 04/01/40 (Call 10/01/39)		599		500,339
3.50%, 04/01/50 (Call 10/01/49)		1,603		1,257,005
3.70%, 04/01/60 (Call 10/01/59)		333		261,490
NXP BV/NXP Funding LLC/NXP USA Inc.
3.13%, 02/15/42 (Call 08/15/41)		308		218,400
3.25%, 05/11/41 (Call 11/11/40)(a)		739		543,958
3.25%, 11/30/51 (Call 05/30/51)		356		239,764
QUALCOMM Inc.
3.25%, 05/20/50 (Call 11/20/49)(a)		544		397,215
4.30%, 05/20/47 (Call 11/20/46)		1,483		1,286,759
4.50%, 05/20/52 (Call 11/20/51)		614		543,659
4.65%, 05/20/35 (Call 11/20/34)		729		714,007
4.80%, 05/20/45 (Call 11/20/44)		1,551		1,461,569
6.00%, 05/20/53 (Call 11/20/52)		1,148		1,257,496
Texas Instruments Inc.
2.70%, 09/15/51 (Call 03/15/51)		389		249,743
3.88%, 03/15/39 (Call 09/15/38)		504		443,934

Security	Par (000)		Value
Semiconductors (continued)
4.10%, 08/16/52 (Call 02/16/52)	$	206	$	172,356
4.15%, 05/15/48 (Call 11/15/47)		1,542		1,309,289
5.00%, 03/14/53 (Call 09/14/52)(a)		578		561,587
5.05%, 05/18/63 (Call 11/18/62)		1,272		1,216,190
5.15%, 02/08/54 (Call 08/08/53)(a)		250		247,640
TSMC Arizona Corp.
3.13%, 10/25/41 (Call 04/25/41)		370		293,409
3.25%, 10/25/51 (Call 04/25/51)(a)		739		561,189
4.50%, 04/22/52 (Call 10/22/51)(a)		555		532,280
				48,832,429
Software — 2.7%
Electronic Arts Inc., 2.95%, 02/15/51
(Call 08/15/50)(a)		239		159,266
Fidelity National Information Services Inc.
3.10%, 03/01/41 (Call 09/01/40)(a)		593		425,942
4.50%, 08/15/46 (Call 02/15/46)		230		190,034
5.63%, 07/15/52 (Call 01/15/52)(a)		344		341,565
Series 30Y, 4.75%, 05/15/48 (Call 11/15/47)		190		159,581
Fiserv Inc., 4.40%, 07/01/49 (Call 01/01/49)		1,625		1,359,484
Intuit Inc., 5.50%, 09/15/53 (Call 03/15/53)		903		928,710
Microsoft Corp.
2.50%, 09/15/50 (Call 03/15/50)(b)		1,181		750,541
2.53%, 06/01/50 (Call 12/01/49)		5,101		3,284,500
2.68%, 06/01/60 (Call 12/01/59)(a)		3,091		1,950,847
2.92%, 03/17/52 (Call 09/17/51)		5,119		3,539,958
3.04%, 03/17/62 (Call 09/17/61)		1,634		1,113,574
3.45%, 08/08/36 (Call 02/08/36)		1,400		1,233,270
3.50%, 02/12/35 (Call 08/12/34)(a)		1,181		1,072,922
3.50%, 11/15/42(a)		387		324,234
3.70%, 08/08/46 (Call 02/08/46)		1,584		1,323,764
3.75%, 02/12/45 (Call 08/12/44)(a)		632		541,164
3.95%, 08/08/56 (Call 02/08/56)(a)		376		316,261
4.00%, 02/12/55 (Call 08/12/54)(a)		456		395,173
4.10%, 02/06/37 (Call 08/06/36)(a)		756		712,411
4.20%, 11/03/35 (Call 05/03/35)(a)		583		564,322
4.25%, 02/06/47 (Call 08/06/46)(a)		1,094		1,008,285
4.45%, 11/03/45 (Call 05/03/45)(a)		910		867,781
4.50%, 10/01/40		378		368,581
4.50%, 06/15/47 (Call 12/15/46)(b)		205		191,163
4.50%, 02/06/57 (Call 08/06/56)		665		629,070
4.75%, 11/03/55 (Call 05/03/55)		231		227,081
5.20%, 06/01/39(a)		441		466,737
5.30%, 02/08/41(a)		531		568,975
Oracle Corp.
3.60%, 04/01/40 (Call 10/01/39)		2,488		1,920,807
3.60%, 04/01/50 (Call 10/01/49)		3,806		2,679,576
3.65%, 03/25/41 (Call 09/25/40)		1,837		1,412,517
3.80%, 11/15/37 (Call 05/15/37)		1,471		1,211,382
3.85%, 07/15/36 (Call 01/15/36)		1,067		897,106
3.85%, 04/01/60 (Call 10/01/59)		2,958		2,058,610
3.90%, 05/15/35 (Call 11/15/34)		1,020		875,841
3.95%, 03/25/51 (Call 09/25/50)(a)		2,873		2,143,121
4.00%, 07/15/46 (Call 01/15/46)		2,474		1,902,751
4.00%, 11/15/47 (Call 05/15/47)		1,843		1,411,900
4.10%, 03/25/61 (Call 09/25/60)		1,339		982,276
4.13%, 05/15/45 (Call 11/15/44)		1,740		1,378,988
4.30%, 07/08/34 (Call 01/08/34)		1,298		1,178,017
4.38%, 05/15/55 (Call 11/15/54)		1,115		875,310
4.50%, 07/08/44 (Call 01/08/44)		872		734,144
5.38%, 07/15/40		1,815		1,737,374
5.55%, 02/06/53 (Call 08/06/52)		2,077		1,984,242

252 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
6.13%, 07/08/39	$	921	$	947,296
6.50%, 04/15/38(a)		1,071		1,144,657
6.90%, 11/09/52 (Call 05/09/52)		2,210		2,489,614
Salesforce Inc.
2.70%, 07/15/41 (Call 01/15/41)		964		688,204
2.90%, 07/15/51 (Call 01/15/51)		1,576		1,047,372
3.05%, 07/15/61 (Call 01/15/61)		1,168		750,884
				57,467,185
Telecommunications — 5.7%
America Movil SAB de CV
4.38%, 07/16/42		1,008		872,813
4.38%, 04/22/49 (Call 10/22/48)(a)		423		363,191
6.13%, 11/15/37(a)		549		576,736
6.13%, 03/30/40		1,804		1,897,502
6.38%, 03/01/35		749		810,734
AT&T Inc.
3.10%, 02/01/43 (Call 08/01/42)(a)		501		360,623
3.30%, 02/01/52 (Call 08/01/51)(a)		897		607,131
3.50%, 06/01/41 (Call 12/01/40)(a)		2,096		1,606,067
3.50%, 09/15/53 (Call 03/15/53)		6,438		4,425,078
3.50%, 02/01/61 (Call 08/01/60)(a)		810		542,600
3.55%, 09/15/55 (Call 03/15/55)		5,969		4,066,252
3.65%, 06/01/51 (Call 12/01/50)(a)		2,298		1,644,343
3.65%, 09/15/59 (Call 03/15/59)		4,862		3,288,679
3.80%, 12/01/57 (Call 06/01/57)		5,207		3,664,606
3.85%, 06/01/60 (Call 12/01/59)		1,393		985,503
4.30%, 12/15/42 (Call 06/15/42)		1,039		879,749
4.35%, 06/15/45 (Call 12/15/44)		889		743,670
4.50%, 05/15/35 (Call 11/15/34)		1,993		1,835,206
4.50%, 03/09/48 (Call 09/09/47)		1,631		1,364,283
4.55%, 03/09/49 (Call 09/09/48)		874		736,894
4.65%, 06/01/44 (Call 12/01/43)		535		458,502
4.75%, 05/15/46 (Call 11/15/45)		1,700		1,488,878
4.80%, 06/15/44 (Call 12/15/43)		449		396,538
4.85%, 03/01/39 (Call 09/01/38)		840		775,285
4.85%, 07/15/45 (Call 01/15/45)(a)		284		249,099
4.90%, 08/15/37 (Call 02/14/37)		631		591,937
5.15%, 03/15/42(a)		266		252,313
5.15%, 11/15/46 (Call 05/15/46)		745		687,087
5.15%, 02/15/50 (Call 08/14/49)		537		489,193
5.25%, 03/01/37 (Call 09/01/36)		914		889,824
5.35%, 09/01/40		483		464,894
5.45%, 03/01/47 (Call 09/01/46)		524		510,149
5.55%, 08/15/41		362		354,645
5.65%, 02/15/47 (Call 08/15/46)(a)		765		767,529
5.70%, 03/01/57 (Call 09/01/56)(a)		375		362,801
6.00%, 08/15/40 (Call 05/15/40)		395		405,575
6.15%, 09/15/34		125		130,021
6.25%, 03/29/41		240		247,432
6.30%, 01/15/38		434		456,832
6.38%, 03/01/41(a)		336		352,909
6.55%, 02/15/39		275		293,161
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52 (Call 02/15/52)		504		370,805
4.30%, 07/29/49 (Call 01/29/49)		424		349,241
4.46%, 04/01/48 (Call 10/01/47)		836		710,658
5.55%, 02/15/54 (Call 08/15/53)		475		467,197
Series US-4, 3.65%, 03/17/51 (Call 09/17/50)		334		246,030
Series US-6, 3.20%, 02/15/52 (Call 08/15/51)		437		294,521
British Telecommunications PLC, 4.25%, 11/08/49 (Call 05/08/49)(b)		200		160,909

Security	Par (000)		Value
Telecommunications (continued)
Cisco Systems Inc.
5.30%, 02/26/54 (Call 08/26/53)	$	700	$	708,508
5.35%, 02/26/64 (Call 08/26/63)		700		704,493
5.50%, 01/15/40		1,818		1,878,438
5.90%, 02/15/39		1,872		2,009,071
Corning Inc.
3.90%, 11/15/49 (Call 05/15/49)		220		169,643
4.38%, 11/15/57 (Call 05/15/57)		648		533,444
4.70%, 03/15/37		420		385,447
4.75%, 03/15/42		476		424,025
5.35%, 11/15/48 (Call 05/15/48)(a)		337		323,748
5.45%, 11/15/79 (Call 05/19/79)		980		908,064
5.75%, 08/15/40		300		299,957
5.85%, 11/15/68 (Call 05/15/68)(a)		139		135,431
7.25%, 08/15/36 (Call 08/15/26)(a)		495		511,538
Deutsche Telekom AG, 3.63%, 01/21/50 (Call 07/21/49)(b)		651		486,418
Deutsche Telekom International Finance BV
4.75%, 06/21/38 (Call 12/21/37)(b)		366		342,566
4.88%, 03/06/42(a)(b)		742		683,973
Juniper Networks Inc., 5.95%, 03/15/41(a)		389		385,489
Motorola Solutions Inc., 5.50%, 09/01/44		286		272,333
Nokia OYJ, 6.63%, 05/15/39		583		562,576
Ooredoo International Finance Ltd., 4.50%, 01/31/43(b)		493		453,207
Orange SA
5.38%, 01/13/42(a)		889		874,767
5.50%, 02/06/44 (Call 08/06/43)		179		178,411
Rogers Communications Inc.
3.70%, 11/15/49 (Call 05/15/49)(a)		965		697,181
4.30%, 02/15/48 (Call 08/15/47)		563		450,198
4.35%, 05/01/49 (Call 11/01/48)(a)		1,135		914,464
4.50%, 03/15/42 (Call 09/15/41)		176		151,107
4.50%, 03/15/43 (Call 09/15/42)(a)		356		300,961
4.55%, 03/15/52 (Call 09/15/51)		1,729		1,426,865
5.00%, 03/15/44 (Call 09/15/43)		783		708,281
5.45%, 10/01/43 (Call 04/01/43)(a)		481		459,860
7.50%, 08/15/38		628		724,070
SES Global Americas Holdings Inc., 5.30%, 03/25/44(b)		159		121,896
SES SA, 5.30%, 04/04/43(a)(b)		370		267,288
Telefonica Emisiones SA
4.67%, 03/06/38		259		230,930
4.90%, 03/06/48(a)		972		835,075
5.21%, 03/08/47		1,975		1,776,393
5.52%, 03/01/49 (Call 09/01/48)		890		831,779
7.05%, 06/20/36		1,873		2,062,705
TELUS Corp.
4.30%, 06/15/49 (Call 12/15/48)		167		136,026
4.60%, 11/16/48 (Call 05/16/48)		448		383,064
T-Mobile USA Inc.
3.00%, 02/15/41 (Call 08/15/40)		2,072		1,496,544
3.30%, 02/15/51 (Call 08/15/50)		2,717		1,867,922
3.40%, 10/15/52 (Call 04/15/52)		2,511		1,744,152
3.60%, 11/15/60 (Call 05/15/60)		1,372		949,006
4.38%, 04/15/40 (Call 10/15/39)		1,572		1,378,096
4.50%, 04/15/50 (Call 10/15/49)		2,682		2,269,539
5.50%, 01/15/55 (Call 07/15/54)		635		618,453
5.65%, 01/15/53 (Call 07/15/52)		1,575		1,566,409
5.75%, 01/15/54 (Call 07/15/53)		1,185		1,200,054
5.80%, 09/15/62 (Call 03/15/62)		647		657,901

S C H E D U L E  O F  I N V E S T M E N T S 253

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
6.00%, 06/15/54 (Call 12/15/53)(a)	$	910	$	953,055
Verizon Communications Inc.
2.65%, 11/20/40 (Call 05/20/40)		2,385		1,644,354
2.85%, 09/03/41 (Call 03/03/41)		733		517,349
2.88%, 11/20/50 (Call 05/20/50)(a)		2,210		1,407,885
2.99%, 10/30/56 (Call 04/30/56)		3,173		1,971,437
3.00%, 11/20/60 (Call 05/20/60)(a)		1,764		1,073,168
3.40%, 03/22/41 (Call 09/22/40)		2,818		2,159,054
3.55%, 03/22/51 (Call 09/22/50)(a)		3,573		2,594,733
3.70%, 03/22/61 (Call 09/22/60)(a)		2,712		1,916,275
3.85%, 11/01/42 (Call 05/01/42)		567		455,512
3.88%, 03/01/52 (Call 09/01/51)(a)		1,024		790,838
4.00%, 03/22/50 (Call 09/22/49)		1,044		824,339
4.13%, 08/15/46		1,065		875,974
4.27%, 01/15/36		1,205		1,094,404
4.40%, 11/01/34 (Call 05/01/34)		1,557		1,448,207
4.52%, 09/15/48		1,177		1,029,883
4.67%, 03/15/55(a)		714		630,960
4.75%, 11/01/41		361		332,310
4.81%, 03/15/39(a)		992		927,371
4.86%, 08/21/46(a)		2,245		2,057,641
5.01%, 04/15/49(a)		415		400,892
5.01%, 08/21/54		310		287,789
5.25%, 03/16/37		956		954,538
5.50%, 03/16/47(a)		458		459,618
5.50%, 02/23/54 (Call 08/23/53)		245		242,048
5.85%, 09/15/35(a)		405		423,844
6.55%, 09/15/43(a)		672		750,118
Vodafone Group PLC
4.25%, 09/17/50		1,438		1,131,573
4.38%, 02/19/43		1,220		1,026,942
4.88%, 06/19/49		1,631		1,412,206
5.00%, 05/30/38(a)		120		115,582
5.13%, 06/19/59(a)		206		181,200
5.25%, 05/30/48(a)		981		914,961
5.63%, 02/10/53 (Call 08/10/52)		648		627,060
5.75%, 02/10/63 (Call 08/10/62)		220		215,202
6.15%, 02/27/37		1,659		1,730,338
Xiaomi Best Time International Ltd., 4.10%, 07/14/51 (Call 01/14/51)(b)		210		148,361
				119,680,412
Toys, Games & Hobbies — 0.1%
Hasbro Inc.
5.10%, 05/15/44 (Call 11/15/43)		246		206,434
6.35%, 03/15/40(a)		507		512,068
Mattel Inc.
5.45%, 11/01/41 (Call 05/01/41)(a)		355		320,613
6.20%, 10/01/40(a)		330		324,459
				1,363,574
Transportation — 3.5%
Burlington Northern Santa Fe LLC
2.88%, 06/15/52 (Call 12/15/51)		626		407,474
3.05%, 02/15/51 (Call 08/15/50)		557		380,369
3.30%, 09/15/51 (Call 03/15/51)(a)		862		617,175
3.55%, 02/15/50 (Call 08/15/49)		775		584,621
3.90%, 08/01/46 (Call 02/01/46)		681		550,267
4.05%, 06/15/48 (Call 12/15/47)		719		595,064
4.13%, 06/15/47 (Call 12/15/46)		740		616,893
4.15%, 04/01/45 (Call 10/01/44)		905		764,627
4.15%, 12/15/48 (Call 06/15/48)		654		547,513

Security	Par (000)		Value
Transportation (continued)
4.38%, 09/01/42 (Call 03/01/42)	$	610	$	540,996
4.40%, 03/15/42 (Call 09/15/41)		488		434,255
4.45%, 03/15/43 (Call 09/15/42)		708		630,453
4.45%, 01/15/53 (Call 07/15/52)		890		782,635
4.55%, 09/01/44 (Call 03/01/44)		770		689,157
4.70%, 09/01/45 (Call 03/01/45)		621		569,984
4.90%, 04/01/44 (Call 10/01/43)		949		898,884
4.95%, 09/15/41 (Call 03/15/41)		263		251,251
5.05%, 03/01/41 (Call 09/01/40)		393		382,432
5.15%, 09/01/43 (Call 03/01/43)		591		577,907
5.20%, 04/15/54 (Call 10/15/53)		1,391		1,364,426
5.40%, 06/01/41 (Call 12/01/40)		510		512,973
5.75%, 05/01/40 (Call 11/01/39)		597		624,701
6.15%, 05/01/37		473		516,410
6.20%, 08/15/36		400		435,551
Canadian National Railway Co.
2.45%, 05/01/50 (Call 11/01/49)		158		98,348
3.20%, 08/02/46 (Call 02/02/46)		317		234,851
3.50%, 11/15/42 (Call 05/15/42)(a)		458		348,805
3.65%, 02/03/48 (Call 08/03/47)		454		359,830
4.40%, 08/05/52 (Call 02/05/52)		394		347,944
4.45%, 01/20/49 (Call 07/20/48)		456		408,502
4.50%, 11/07/43 (Call 05/07/43)		238		209,182
6.13%, 11/01/53 (Call 05/01/53)		230		261,064
6.20%, 06/01/36		580		630,518
6.25%, 08/01/34		345		375,738
6.38%, 11/15/37(a)		469		512,769
6.71%, 07/15/36(a)		167		184,964
Canadian Pacific Railway Co.
3.00%, 12/02/41 (Call 06/02/41)		866		735,584
3.10%, 12/02/51 (Call 06/02/51)(a)		1,690		1,148,467
3.50%, 05/01/50 (Call 11/01/49)		785		575,401
4.20%, 11/15/69 (Call 05/15/69)		236		184,566
4.30%, 05/15/43 (Call 11/15/42)		166		141,222
4.70%, 05/01/48 (Call 11/01/47)		443		389,776
4.80%, 09/15/35 (Call 03/15/35)(a)		95		90,827
4.80%, 08/01/45 (Call 02/01/45)		456		412,990
4.95%, 08/15/45 (Call 02/15/45)		372		341,228
5.75%, 01/15/42		443		436,482
5.95%, 05/15/37		664		686,114
6.13%, 09/15/2115 (Call 03/15/2115)		474		500,470
Central Japan Railway Co., 4.25%, 11/24/45 (Call 05/24/45)(b)		141		120,050
CSX Corp.
2.50%, 05/15/51 (Call 11/15/50)(a)		513		312,519
3.35%, 09/15/49 (Call 03/15/49)		590		423,463
3.80%, 11/01/46 (Call 05/01/46)		632		498,051
3.80%, 04/15/50 (Call 10/15/49)		374		289,913
3.95%, 05/01/50 (Call 11/01/49)		562		452,090
4.10%, 03/15/44 (Call 09/15/43)		842		710,011
4.25%, 11/01/66 (Call 05/01/66)		316		253,260
4.30%, 03/01/48 (Call 09/01/47)		795		681,144
4.40%, 03/01/43 (Call 09/01/42)		232		205,251
4.50%, 03/15/49 (Call 09/15/48)		349		305,040
4.50%, 11/15/52 (Call 05/15/52)		800		701,255
4.50%, 08/01/54 (Call 02/01/54)		186		162,101
4.65%, 03/01/68 (Call 09/01/67)		190		163,550
4.75%, 05/30/42 (Call 11/30/41)(a)		576		532,552
4.75%, 11/15/48 (Call 05/15/48)		614		561,536
5.50%, 04/15/41 (Call 10/15/40)		497		500,884
6.00%, 10/01/36		529		563,295

254 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation (continued)
6.15%, 05/01/37	$	791	$	857,566
6.22%, 04/30/40		584		632,998
Empresa de los Ferrocarriles del Estado
3.07%, 08/18/50 (Call 02/18/50)(b)		295		176,992
3.83%, 09/14/61 (Call 03/14/61)(b)		585		386,073
Empresa de Transporte de Pasajeros Metro SA
3.69%, 09/13/61 (Call 03/13/61)(a)(b)		545		356,569
4.70%, 05/07/50 (Call 11/07/49)(a)(b)		808		649,786
5.00%, 01/25/47 (Call 07/25/46)(a)(b)		555		473,814
ENA Master Trust, 4.00%, 05/19/48 (Call 02/19/48)(b)		230		160,885
FedEx Corp.
3.25%, 05/15/41 (Call 11/15/40)		391		289,488
3.88%, 08/01/42		560		444,506
3.90%, 02/01/35		275		242,692
4.05%, 02/15/48 (Call 08/15/47)		812		639,497
4.10%, 04/15/43		525		428,159
4.10%, 02/01/45		721		577,671
4.40%, 01/15/47 (Call 07/15/46)		670		556,555
4.50%, 02/01/65		209		162,973
4.55%, 04/01/46 (Call 10/01/45)		984		837,799
4.75%, 11/15/45 (Call 05/15/45)		1,214		1,063,080
4.95%, 10/17/48 (Call 04/17/48)(a)		732		661,009
5.10%, 01/15/44		710		658,278
5.25%, 05/15/50 (Call 11/15/49)(a)		1,175		1,107,546
Norfolk Southern Corp.
2.90%, 08/25/51 (Call 02/25/51)		585		376,383
3.05%, 05/15/50 (Call 11/15/49)(a)		768		514,712
3.16%, 05/15/55 (Call 11/15/54)		767		503,810
3.40%, 11/01/49 (Call 05/01/49)		357		256,716
3.70%, 03/15/53 (Call 09/15/52)		403		299,678
3.94%, 11/01/47 (Call 05/01/47)		661		523,558
3.95%, 10/01/42 (Call 04/01/42)		620		508,531
4.05%, 08/15/52 (Call 02/15/52)		698		558,269
4.10%, 05/15/49 (Call 11/15/48)		379		305,121
4.10%, 05/15/2121 (Call 11/15/2120)(a)		280		201,586
4.15%, 02/28/48 (Call 08/28/47)		510		421,563
4.45%, 06/15/45 (Call 12/15/44)		499		430,131
4.55%, 06/01/53 (Call 12/01/52)		600		521,984
4.65%, 01/15/46 (Call 07/15/45)		506		448,704
4.80%, 08/15/43 (Call 02/15/43)		245		216,413
4.84%, 10/01/41		563		523,083
5.10%, 12/31/49 (Call 02/01/2118)		180		156,364
5.35%, 08/01/54 (Call 02/01/54)		1,005		984,877
5.95%, 03/15/64 (Call 09/15/63)(a)		610		643,363
Polar Tankers Inc., 5.95%, 05/10/37(a)(b)		877		889,354
TTX Co.
3.90%, 02/01/45 (Call 08/01/44)(b)		240		191,506
4.20%, 07/01/46 (Call 01/01/46)(b)		310		253,589
4.60%, 02/01/49 (Call 08/01/48)(b)		311		271,851
4.65%, 06/15/44(b)		240		207,075
5.65%, 12/01/52 (Call 06/01/52)(b)		250		254,122
Union Pacific Corp.
2.89%, 04/06/36 (Call 01/06/36)		565		455,733
2.95%, 03/10/52 (Call 09/10/51)(a)		867		579,784
2.97%, 09/16/62 (Call 03/16/62)		831		517,401
3.20%, 05/20/41 (Call 11/20/40)		623		481,081
3.25%, 02/05/50 (Call 08/05/49)		1,545		1,112,596
3.35%, 08/15/46 (Call 02/15/46)		269		194,583
3.38%, 02/01/35 (Call 08/01/34)		435		370,564
3.38%, 02/14/42 (Call 08/14/41)		275		215,167

Security	Par (000)		Value
Transportation (continued)
3.50%, 02/14/53 (Call 08/14/52)(a)	$	1,165	$	867,125
3.55%, 08/15/39 (Call 02/15/39)		232		190,143
3.55%, 05/20/61 (Call 11/20/60)		560		401,284
3.60%, 09/15/37 (Call 03/15/37)		348		297,556
3.75%, 02/05/70 (Call 08/05/69)(a)		540		394,981
3.80%, 10/01/51 (Call 04/01/51)		1,090		862,402
3.80%, 04/06/71 (Call 10/06/70)		816		597,954
3.84%, 03/20/60 (Call 09/20/59)		1,503		1,141,744
3.85%, 02/14/72 (Call 08/14/71)		405		298,749
3.88%, 02/01/55 (Call 08/01/54)		324		252,725
3.95%, 08/15/59 (Call 02/15/59)(a)		332		257,455
4.00%, 04/15/47 (Call 10/15/46)		460		376,401
4.05%, 11/15/45 (Call 05/15/45)		362		296,936
4.05%, 03/01/46 (Call 09/01/45)		443		365,765
4.10%, 09/15/67 (Call 03/15/67)(a)		403		319,136
4.30%, 03/01/49 (Call 09/01/48)		593		502,749
4.50%, 09/10/48 (Call 03/10/48)		335		293,986
4.95%, 09/09/52 (Call 03/09/52)(a)		558		537,167
4.95%, 05/15/53 (Call 11/15/52)		420		401,916
5.15%, 01/20/63 (Call 07/20/62)		305		292,161
United Parcel Service Inc.
3.40%, 11/15/46 (Call 05/15/46)		450		343,895
3.40%, 09/01/49 (Call 03/01/49)(a)		482		361,068
3.63%, 10/01/42		573		460,124
3.75%, 11/15/47 (Call 05/15/47)		984		780,264
4.25%, 03/15/49 (Call 09/15/48)		758		654,294
4.88%, 11/15/40 (Call 05/15/40)		565		541,445
5.05%, 03/03/53 (Call 09/03/52)(a)		1,029		998,951
5.20%, 04/01/40 (Call 10/01/39)		166		165,055
5.30%, 04/01/50 (Call 10/01/49)(a)		1,017		1,020,023
6.20%, 01/15/38(a)		1,611		1,763,181
				73,117,448
Trucking & Leasing — 0.0%
GATX Corp.
3.10%, 06/01/51 (Call 12/01/50)(a)		474		305,387
4.50%, 03/30/45 (Call 09/30/44)		295		237,028
5.20%, 03/15/44 (Call 09/15/43)		309		281,764
				824,179
Water — 0.2%
American Water Capital Corp.
3.25%, 06/01/51 (Call 12/01/50)(a)		445		313,016
3.45%, 05/01/50 (Call 11/01/49)		405		296,386
3.75%, 09/01/47 (Call 03/01/47)(a)		625		486,938
4.00%, 12/01/46 (Call 06/01/46)		315		255,152
4.15%, 06/01/49 (Call 12/01/48)		490		404,987
4.20%, 09/01/48 (Call 03/01/48)		680		572,376
4.30%, 12/01/42 (Call 06/01/42)		281		243,771
4.30%, 09/01/45 (Call 03/01/45)		331		282,349
5.45%, 03/01/54 (Call 09/01/53)		425		418,065
6.59%, 10/15/37		552		620,737
Essential Utilities Inc.
3.35%, 04/15/50 (Call 10/15/49)(a)		461		318,561
4.28%, 05/01/49 (Call 11/01/48)(a)		350		282,855
5.30%, 05/01/52 (Call 11/01/51)		415		387,210
				4,882,403
Total Long-Term Investments — 97.7% (Cost: $2,452,457,628)				2,057,857,494

S C H E D U L E  O F  I N V E S T M E N T S 255

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Short-Term Securities
Money Market Funds — 11.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(g)(h)(i)		233,726,059	$	233,842,922
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(g)(h)		11,450,000		11,450,000
Total Short-Term Securities — 11.6% (Cost: $245,194,548)				245,292,922
Total Investments — 109.3% (Cost: $2,697,652,176)				2,303,150,416
Liabilities in Excess of Other Assets — (9.3)%				(195,631,195	)
Net Assets — 100.0%			$	2,107,519,221

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

^(b)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

^(d)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(e)  Perpetual security with no stated maturity date.

^(f)  Zero-coupon bond.

^(g)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

	Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)				Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
	BlackRock Cash Funds: Institutional, SL Agency Shares	$	124,087,027	$	109,767,448	(a)	$	—		$	(15,816	)			$	4,263	$	233,842,922		233,726,059	$	734,398	(b)	$	—
	BlackRock Cash Funds: Treasury, SL Agency Shares		14,420,000		—			(2,970,000	)(a)		—					—		11,450,000		11,450,000		354,908			—
										$	(15,816	)			$	4,263	$	245,292,922			$	1,089,306		$	—

^(a)  Represents net amount purchased (sold).

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

256 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® 10+ Year Investment Grade Corporate Bond ETF

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	2,057,857,494	$	—	$	2,057,857,494
Short-Term Securities
Money Market Funds		245,292,922		—		—		245,292,922
	$	245,292,922	$	2,057,857,494	$	—	$	2,303,150,416

See notes to financial statements.

S C H E D U L E  O F  I N V E S T M E N T S 257

Statements of Assets and Liabilities

February 29, 2024

	iShares BBB Rated Corporate Bond ETF				iShares Broad USD Investment Grade Corporate Bond ETF				iShares 1-5 Year Investment Grade Corporate Bond ETF				iShares 5-10 Year Investment Grade Corporate Bond ETF
ASSETS
Investments, at value — unaffiliated(a)(b)	$	32,670,697			$	10,336,000,082			$	21,096,309,025			$	12,356,708,003
Investments, at value — affiliated(c)		3,381,987				1,227,903,118				1,676,020,654				1,790,267,820
Cash		9,724				—				—				—
Foreign currency, at value(d)		—				83				55				—
Receivables:
Investments sold		214,675				36,424,825				85,087,510				35,583,765
Securities lending income — affiliated		458				318,419				418,663				478,441
Capital shares sold		—				3,577,587				2,706,972				2,666,712
Dividends — affiliated		2,106				78,436				110,953				161,592
Interest — unaffiliated		409,921				123,829,535				220,969,893				141,989,503
Total assets		36,689,568				11,728,132,085				23,081,623,725				14,327,855,836
LIABILITIES
Bank overdraft		—				189,775				135,986				2,271,390
Collateral on securities loaned, at value		2,754,078				1,213,303,280				1,626,669,165				1,731,817,648
Payables:
Investments purchased		—				34,712,922				100,274,968				53,679,506
Capital shares redeemed		—				848,657				2,197,983				98,466
Investment advisory fees		3,888				331,933				682,304				388,232
Total liabilities		2,757,966				1,249,386,567				1,729,960,406				1,788,255,242
Commitments and contingent liabilities
NET ASSETS	$	33,931,602			$	10,478,745,518			$	21,351,663,319			$	12,539,600,594
NET ASSETS CONSIST OF
Paid-in capital	$	37,286,610			$	11,495,887,089			$	22,305,442,618			$	14,064,598,630
Accumulated loss		(3,355,008	)			(1,017,141,571	)			(953,779,299	)			(1,524,998,036	)
NET ASSETS	$	33,931,602			$	10,478,745,518			$	21,351,663,319			$	12,539,600,594
NET ASSET VALUE
Shares outstanding		400,000				208,100,000				418,050,000				245,400,000
Net asset value	$	84.83			$	50.35			$	51.07			$	51.10
Shares authorized		Unlimited				Unlimited				Unlimited				Unlimited
Par value		None				None				None				None
(a) Investments, at cost — unaffiliated	$	35,169,183			$	11,252,871,900			$	21,682,861,259			$	13,321,540,059
(b) Securities loaned, at value	$	2,658,199			$	1,171,249,623			$	1,571,458,400			$	1,672,759,782
(c)  Investments, at cost — affiliated	$	3,381,217			$	1,227,506,429			$	1,675,363,139			$	1,789,642,318
(d) Foreign currency, at cost	$	—			$	78			$	53			$	—

See notes to financial statements.

258 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Assets and Liabilities (continued)

February 29, 2024

	iShares 10+ Year Investment Grade Corporate Bond ETF
ASSETS
Investments, at value — unaffiliated(a)(b)	$	2,057,857,494
Investments, at value — affiliated(c)		245,292,922
Cash		10,918
Receivables:
Investments sold		12,092,892
Securities lending income — affiliated		66,517
Capital shares sold		1,760,930
Dividends — affiliated		48,817
Interest — unaffiliated		30,416,589
Total assets		2,347,547,079
LIABILITIES
Collateral on securities loaned, at value		233,809,513
Payables:
Investments purchased		5,925,515
Capital shares redeemed		225,845
Investment advisory fees		66,985
Total liabilities		240,027,858
Commitments and contingent liabilities
NET ASSETS	$	2,107,519,221
NET ASSETS CONSIST OF
Paid-in capital	$	2,579,110,793
Accumulated loss		(471,591,572	)
NET ASSETS	$	2,107,519,221
NET ASSETVALUE
Shares outstanding		41,500,000
Net asset value	$	50.78
Shares authorized		Unlimited
Par value		None
(a) Investments, at cost — unaffiliated	$	2,452,457,628
(b) Securities loaned, at value	$	225,909,408
(c)  Investments, at cost — affiliated	$	245,194,548

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 259

Statements of Operations

Year Ended February 29, 2024

	iShares BBB Rated Corporate Bond ETF				iShares Broad USD Investment Grade Corporate Bond ETF				iShares 1-5 Year Investment Grade Corporate Bond ETF				iShares 5-10 Year Investment Grade Corporate Bond ETF
INVESTMENT INCOME
Dividends — affiliated	$	39,761			$	2,207,473			$	2,710,497			$	2,297,629
Interest — unaffiliated		1,156,653				389,949,923				766,227,145				459,915,393
Securities lending income — affiliated — net		7,061				3,800,503				5,854,331				5,874,822
Other income — unaffiliated		399				35,764				56,472				21,348
Foreign taxes withheld		—				(1,738	)			(5,274	)			—
Total investment income		1,203,874				395,991,925				774,843,171				468,109,192
EXPENSES
Investment advisory		41,593				3,732,573				9,034,670				4,608,906
Interest expense		—				9,132				1,910				2,907
Total expenses		41,593				3,741,705				9,036,580				4,611,813
Net investment income		1,162,281				392,250,220				765,806,591				463,497,379
REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Investments — unaffiliated		(450,944	)			(58,121,171	)			(214,723,418	)			(296,552,735	)
Investments — affiliated		224				(53,157	)			143,234				(95,544	)
In-kind redemptions — unaffiliated(a)		(996,690	)			(25,841,090	)			(199,912,854	)			(9,606,642	)
		(1,447,410	)			(84,015,418	)			(414,493,038	)			(306,254,921	)
Net change in unrealized appreciation (depreciation) on:
Investments — unaffiliated		2,182,960				234,705,588				906,939,072				585,953,213
Investments — affiliated		(467	)			(54,092	)			(384,432	)			(109,615	)
Foreign currency translations		—				2				1				—
		2,182,493				234,651,498				906,554,641				585,843,598
Net realized and unrealized gain		735,083				150,636,080				492,061,603				279,588,677
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	1,897,364			$	542,886,300			$	1,257,868,194			$	743,086,056

^(a) See Note 2 of the Notes to Financial Statements.

See notes to financial statements.

260 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Operations  (continued)

Year Ended February 29, 2024

	iShares 10+ Year Investment Grade Corporate Bond ETF
INVESTMENT INCOME
Dividends — affiliated	$	354,908
Interest — unaffiliated		92,806,579
Securities lending income — affiliated — net		734,398
Other income — unaffiliated		6,724
Total investment income		93,902,609
EXPENSES
Investment advisory		755,717
Interest expense		12
Total expenses		755,729
Net investment income		93,146,880
REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Investments — unaffiliated		(35,275,298	)
Investments — affiliated		(15,816	)
In-kind redemptions — unaffiliated(a)		(9,417,307	)
		(44,708,421	)
Net change in unrealized appreciation (depreciation) on:
Investments — unaffiliated		51,648,166
Investments — affiliated		4,263
		51,652,429
Net realized and unrealized gain		6,944,008
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	100,090,888

^(a) See Note 2 of the Notes to Financial Statements.

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 261

Statements of Changes in Net Assets

	iShares BBB Rated Corporate Bond ETF										iShares Broad USD Investment Grade Corporate Bond ETF
				Year Ended 02/29/24				Year Ended 02/28/23						Year Ended 02/29/24				Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income			$	1,162,281			$	1,292,119					$	392,250,220			$	226,482,444
Net realized loss				(1,447,410	)			(7,788,010	)					(84,015,418	)			(149,612,711	)
Net change in unrealized appreciation (depreciation)				2,182,493				(1,172,525	)					234,651,498				(770,111,027	)
Net increase (decrease) in net assets resulting from operations				1,897,364				(7,668,416	)					542,886,300				(693,241,294	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders				(1,115,723	)			(1,613,872	)					(381,607,770	)			(216,611,047	)
CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions				8,316,480				(37,800,662	)					2,077,031,907				2,568,216,178
NET ASSETS
Total increase (decrease) in net assets				9,098,121				(47,082,950	)					2,238,310,437				1,658,363,837
Beginning of year				24,833,481				71,916,431						8,240,435,081				6,582,071,244
End of year			$	33,931,602			$	24,833,481					$	10,478,745,518			$	8,240,435,081

^(a) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

262 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Changes in Net Assets (continued)

	iShares 1-5 Year Investment Grade Corporate Bond ETF										iShares 5-10 Year Investment Grade Corporate Bond ETF
				Year Ended 02/29/24				Year Ended 02/28/23						Year Ended 02/29/24				Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income			$	765,806,591			$	485,018,271					$	463,497,379			$	307,490,313
Net realized loss				(414,493,038	)			(294,233,741	)					(306,254,921	)			(410,662,939	)
Net change in unrealized appreciation (depreciation)				906,554,641				(890,572,813	)					585,843,598				(967,731,868	)
Net increase (decrease) in net assets resulting from operations				1,257,868,194				(699,788,283	)					743,086,056				(1,070,904,494	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders				(768,525,086	)			(471,445,863	)					(456,554,851	)			(299,895,987	)
CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions				(3,385,791,059	)			2,983,143,833						1,226,381,589				1,208,588,801
NET ASSETS
Total increase (decrease) in net assets				(2,896,447,951	)			1,811,909,687						1,512,912,794				(162,211,680	)
Beginning of year				24,248,111,270				22,436,201,583						11,026,687,800				11,188,899,480
End of year			$	21,351,663,319			$	24,248,111,270					$	12,539,600,594			$	11,026,687,800

^(a) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 263

Statements of Changes in Net Assets (continued)

			iShares 10+ Year Investment Grade Corporate Bond ETF
	Year Ended 02/29/24					Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income			$	93,146,880				$	62,875,908
Net realized loss				(44,708,421	)				(116,278,064	)
Net change in unrealized appreciation (depreciation)				51,652,429					(245,428,510	)
Net increase (decrease) in net assets resulting from operations				100,090,888					(298,830,666	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders				(90,769,438	)				(63,136,970	)
CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions				497,362,943					(28,613,305	)
NET ASSETS
Total increase (decrease) in net assets				506,684,393					(390,580,941	)
Beginning of year				1,600,834,828					1,991,415,769
End of year			$	2,107,519,221				$	1,600,834,828

^(a) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

264 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Financial Highlights

(For a share outstanding throughout each period)

	iShares BBB Rated Corporate Bond ETF
										Period From
		Year Ended				Year Ended						05/18/21	(a)
				02/29/24				02/28/23		to 02/28/22
Net asset value, beginning of period			$	82.78			$	95.89			$	100.00
Net investment income(b)				3.50				2.48				1.70
Net realized and unrealized gain (loss)(c)				2.02				(12.15	)			(4.28	)
Net increase (decrease) from investment operations				5.52				(9.67	)			(2.58	)
Distributions(d)
From net investment income				(3.47	)			(2.71	)			(1.53	)
From net realized gain				—				(0.73	)			—
Total distributions				(3.47	)			(3.44	)			(1.53	)
Net asset value, end of period			$	84.83			$	82.78			$	95.89
Total Return(e)
Based on net asset value				6.81	%			(10.14	)%			(2.66	)%(f)
Ratios to Average Net Assets(g)
Total expenses				0.15	%			0.15	%			0.15	%(h)
Net investment income				4.19	%			2.85	%			2.14	%(h)
Supplemental Data
Net assets, end of period (000)			$	33,932			$	24,833			$	71,916
Portfolio turnover rate(i)				15	%			10	%			19	%(f)

^(a) Commencement of operations.

^(b) Based on average shares outstanding.

^(c) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(d)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(e)  Where applicable, assumes the reinvestment of distributions.

^(f)  Not annualized.

^(g)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(h) Annualized.

⁽ⁱ⁾  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

F I N A N C I A L  H I G H L I G H T S 265

Financial Highlights (continued)

(For a share outstanding throughout each period)

		iShares Broad USD Investment Grade Corporate Bond ETF
	Year Ended 02/29/24					Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year		$	49.43		$	56.64		$	60.09		$	60.20		$	53.97
Net investment income(a)			2.09			1.66			1.36			1.67			1.97
Net realized and unrealized gain (loss)(b)			0.87			(7.28	)		(3.43	)		(0.06	)		6.21
Net increase (decrease) from investment operations			2.96			(5.62	)		(2.07	)		1.61			8.18
Distributions from net investment income(c)			(2.04	)		(1.59	)		(1.38	)		(1.72	)		(1.95	)
Net asset value, end of year		$	50.35		$	49.43		$	56.64		$	60.09		$	60.20
Total Return(d)
Based on net asset value			6.14	%		(9.99	)%		(3.51	)%		2.70	%		15.41	%
Ratios to Average Net Assets(e)
Total expenses			0.04	%		0.04	%		0.04	%		0.06	%		0.06	%
Net investment income			4.20	%		3.27	%		2.27	%		2.77	%		3.44	%
Supplemental Data
Net assets, end of year (000)		$	10,478,746		$	8,240,435		$	6,582,071		$	5,913,258		$	4,277,259
Portfolio turnover rate(f)			10	%		11	%		12	%		13	%		13	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

266 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Financial Highlights (continued)

(For a share outstanding throughout each period)

	iShares 1-5 Year Investment Grade Corporate Bond ETF
		Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year	$	49.89		$	52.72		$	54.88		$	54.36		$	52.28
Net investment income(a)		1.71			1.11			0.81			1.19			1.64
Net realized and unrealized gain(b)		1.18			(2.86	)		(2.02	)		0.60			2.08
Net increase from investment operations		2.89			(1.75	)		(1.21	)		1.79			3.72
Distributions(c)
From net investment income		(1.71	)		(1.07	)		(0.86	)		(1.27	)		(1.64	)
From net realized gain		—			(0.01	)		(0.09	)		—			—
Total distributions		(1.71	)		(1.08	)		(0.95	)		(1.27	)		(1.64	)
Net asset value, end of year	$	51.07		$	49.89		$	52.72		$	54.88		$	54.36
Total Return(d)
Based on net asset value		5.91	%		(3.32	)%		(2.20	)%		3.32	%		7.21	%
Ratios to Average Net Assets(e)
Total expenses		0.04	%		0.05	%		0.06	%		0.06	%		0.06	%
Net investment income		3.39	%		2.21	%		1.50	%		2.18	%		3.08	%
Supplemental Data
Net assets, end of year (000)	$	21,351,663		$	24,248,111		$	22,436,202		$	22,726,686		$	14,260,460
Portfolio turnover rate(f)		25	%		26	%		30	%		29	%		38	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

F I N A N C I A L  H I G H L I G H T S 267

Financial Highlights (continued)

(For a share outstanding throughout each period)

	iShares 5-10 Year Investment Grade Corporate Bond ETF
		Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year	$	49.83		$	56.71		$	60.34		$	59.76		$	53.88
Net investment income(a)		2.02			1.57			1.34			1.58			2.00
Net realized and unrealized gain (loss)(b)		1.25			(6.91	)		(3.49	)		0.65			5.86
Net increase (decrease) from investment operations		3.27			(5.34	)		(2.15	)		2.23			7.86
Distributions(c)
From net investment income		(2.00	)		(1.54	)		(1.35	)		(1.65	)		(1.98	)
From net realized gain		—			—			(0.13	)		—			—
Total distributions		(2.00	)		(1.54	)		(1.48	)		(1.65	)		(1.98	)
Net asset value, end of year	$	51.10		$	49.83		$	56.71		$	60.34		$	59.76
Total Return(d)
Based on net asset value		6.71	%		(9.47	)%		(3.62	)%		3.79	%		14.83	%
Ratios to Average Net Assets(e)
Total expenses		0.04	%		0.05	%		0.06	%		0.06	%		0.06	%
Net investment income		4.02	%		3.07	%		2.24	%		2.64	%		3.49	%
Supplemental Data
Net assets, end of year (000)	$	12,539,601		$	11,026,688		$	11,188,899		$	11,063,433		$	9,387,751
Portfolio turnover rate(f)		21	%		24	%		27	%		23	%		26	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

268 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Financial Highlights (continued)

(For a share outstanding throughout each period)

	iShares 10+ Year Investment Grade Corporate Bond ETF
		Year Ended 02/29/24					Year Ended 02/28/23			Year Ended 02/28/22			Year Ended 02/28/21			Year Ended 02/29/20
Net asset value, beginning of year			$	50.34		$	63.42		$	68.68		$	70.27		$	57.73
Net investment income(a)				2.47			2.27			2.18			2.31			2.54
Net realized and unrealized gain (loss)(b)				0.39			(13.06	)		(5.24	)		(1.57	)		12.48
Net increase (decrease) from investment operations				2.86			(10.79	)		(3.06	)		0.74			15.02
Distributions from net investment income(c)				(2.42	)		(2.29	)		(2.20	)		(2.33	)		(2.48	)
Net asset value, end of year			$	50.78		$	50.34		$	63.42		$	68.68		$	70.27
Total Return(d)
Based on net asset value				5.87	%		(17.18	)%		(4.62	)%		1.05	%		26.50	%
Ratios to Average Net Assets(e)
Total expenses				0.04	%		0.05	%		0.06	%		0.06	%		0.06	%
Net investment income				4.93	%		4.26	%		3.18	%		3.32	%		3.89	%
Supplemental Data
Net assets, end of year (000)			$	2,107,519		$	1,600,835		$	1,991,416		$	2,403,908		$	2,122,014
Portfolio turnover rate(f)				7	%		9	%		9	%		10	%		15	%

^(a)  Based on average shares outstanding.

^(b)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(f)  Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

F I N A N C I A L  H I G H L I G H T S 269

Notes to Financial Statements

1. ORGANIZATION

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

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

iShares ETF	Diversification  Classification
BBB Rated Corporate Bond		Non-diversified
Broad USD Investment Grade Corporate Bond		Diversified
1-5 Year Investment Grade Corporate Bond		Diversified
5-10 Year Investment Grade Corporate Bond		Diversified
10+ Year Investment Grade Corporate Bond		Diversified

2. SIGNIFICANT ACCOUNTING POLICIES

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

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

Foreign Currency Translation: Each Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using prevailing market rates as quoted by one or more data service providers. Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

Foreign Taxes: The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as “Other foreign taxes”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of February 29, 2024, if any, are disclosed in the Statements of Assets and Liabilities.

The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Statements of Operations includes tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.

Bank Overdraft: Certain Funds had outstanding cash disbursements exceeding deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

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

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

270 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

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

3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

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

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

· Fixed-income investments for which market quotations are readily available are generally valued using the last available bid price or current market quotations provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

· Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV.

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

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

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

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

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

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

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

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 271

Notes to Financial Statements (continued)

4. SECURITIES AND OTHER INVESTMENTS

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

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

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

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

iShares ETF and Counterparty		Securities Loaned at Value		Cash Collateral Received	(a)		Non-Cash Collateral Received, at Fair Value	(a)		Net Amount
BBB Rated Corporate Bond
Barclays Capital, Inc.	$	66,906	$	(66,906	)	$	—		$	—
BMO Capital Markets Corp.		91,035		(91,035	)		—			—
BNP Paribas SA		1,106,975		(1,106,975	)		—			—
BofA Securities, Inc.		156,968		(156,968	)		—			—
HSBC Securities (USA), Inc.		27,965		(27,965	)		—			—
J.P. Morgan Securities LLC		650,080		(650,080	)		—			—
Jefferies LLC		18,943		(18,943	)		—			—
Mizuho Securities USA LLC		7,337		(7,337	)		—			—
Nomura Securities International, Inc.		105,368		(105,368	)		—			—
RBC Capital Markets LLC		329,049		(329,049	)		—			—
Scotia Capital (USA), Inc.		30,576		(30,576	)		—			—
State Street Bank & Trust Co.		66,997		(66,997	)		—			—
	$	2,658,199	$	(2,658,199	)	$	—		$	—

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Notes to Financial Statements (continued)

iShares ETF and Counterparty		Securities Loaned at Value		Cash Collateral Received	(a)		Non-Cash Collateral Received, at Fair Value	(a)		Net Amount
Broad USD Investment Grade Corporate Bond
Barclays Bank PLC	$	176,371,303	$	(176,371,303	)	$	—		$	—
Barclays Capital, Inc.		18,350,009		(18,350,009	)		—			—
BMO Capital Markets Corp.		23,504,731		(23,504,731	)		—			—
BNP Paribas SA		176,498,766		(176,498,766	)		—			—
BofA Securities, Inc.		39,577,219		(39,577,219	)		—			—
Citigroup Global Markets, Inc.		32,849,018		(32,849,018	)		—			—
Deutsche Bank Securities, Inc.		21,246,718		(21,246,718	)		—			—
Goldman Sachs & Co. LLC		188,796,167		(188,796,167	)		—			—
HSBC Securities (USA), Inc.		6,118,711		(6,118,711	)		—			—
J.P. Morgan Securities LLC		211,792,292		(211,792,292	)		—			—
Jefferies LLC		15,062,558		(15,062,558	)		—			—
Mitsubishi UFJ Securities Holdings Co., Ltd.		9,139,129		(9,139,129	)		—			—
Mizuho Securities USA LLC		4,768,825		(4,768,825	)		—			—
Morgan Stanley		96,226,615		(96,226,615	)		—			—
Nomura Securities International, Inc.		18,389,507		(18,389,507	)		—			—
Pershing LLC		13,667,149		(13,667,149	)		—			—
RBC Capital Markets LLC		56,891,092		(56,891,092	)		—			—
Scotia Capital (USA), Inc.		7,018,796		(7,018,796	)		—			—
State Street Bank & Trust Co.		19,663,906		(19,663,906	)		—			—
TD Securities (USA) LLC		1,961,168		(1,961,168	)		—			—
Toronto-Dominion Bank (The)		1,271,539		(1,271,539	)		—			—
UBS Securities LLC		2,951,848		(2,951,848	)		—			—
Wells Fargo Bank N.A		2,320,235		(2,320,235	)		—			—
Wells Fargo Securities LLC		26,812,322		(26,812,322	)		—			—
	$	1,171,249,623	$	(1,171,249,623	)	$	—		$	—
1-5 Year Investment Grade Corporate Bond
Barclays Bank PLC	$	275,507,274	$	(275,507,274	)	$	—		$	—
Barclays Capital, Inc.		8,427,426		(8,427,426	)		—			—
BMO Capital Markets Corp.		37,574,201		(37,574,201	)		—			—
BNP Paribas SA		187,949,634		(187,949,634	)		—			—
BofA Securities, Inc.		76,988,217		(76,988,217	)		—			—
Citigroup Global Markets, Inc.		51,629,686		(51,629,686	)		—			—
Deutsche Bank Securities, Inc.		48,076,331		(48,076,331	)		—			—
Goldman Sachs & Co. LLC		248,769,558		(248,769,558	)		—			—
HSBC Securities (USA), Inc.		9,314,149		(9,314,149	)		—			—
J.P. Morgan Securities LLC		246,345,049		(246,345,049	)		—			—
Jefferies LLC		5,617,175		(5,617,175	)		—			—
Mitsubishi UFJ Securities Holdings Co., Ltd.		7,264,771		(7,264,771	)		—			—
Mizuho Securities USA LLC		15,880,158		(15,880,158	)		—			—
Morgan Stanley		153,371,360		(153,371,360	)		—			—
Nomura Securities International, Inc.		18,080,926		(18,080,926	)		—			—
Pershing LLC		22,741,242		(22,741,242	)		—			—
RBC Capital Markets LLC		63,878,784		(63,878,784	)		—			—
Scotia Capital (USA), Inc.		22,137,469		(22,137,469	)		—			—
State Street Bank & Trust Co.		2,360,507		(2,360,507	)		—			—
TD Securities (USA) LLC		2,047,356		(2,047,356	)		—			—
UBS Securities LLC		7,425,810		(7,425,810	)		—			—
Wells Fargo Bank N.A		2,877		(2,877	)		—			—
Wells Fargo Securities LLC		60,068,440		(60,068,440	)		—			—
	$	1,571,458,400	$	(1,571,458,400	)	$	—		$	—

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 273

Notes to Financial Statements (continued)

iShares ETF and Counterparty		Securities Loaned at Value		Cash Collateral Received	(a)		Non-Cash Collateral Received, at Fair Value	(a)		Net Amount
5-10 Year Investment Grade Corporate Bond
Barclays Bank PLC	$	260,959,343	$	(260,959,343	)	$	—		$	—
Barclays Capital, Inc.		25,696,093		(25,696,093	)		—			—
BMO Capital Markets Corp.		37,548,465		(37,548,465	)		—			—
BNP Paribas SA		216,703,826		(216,703,826	)		—			—
BofA Securities, Inc.		62,326,299		(62,326,299	)		—			—
Citigroup Global Markets, Inc.		41,989,438		(41,989,438	)		—			—
Deutsche Bank Securities, Inc.		20,790,817		(20,790,817	)		—			—
Goldman Sachs & Co. LLC		218,461,184		(218,461,184	)		—			—
HSBC Securities (USA), Inc.		4,141,644		(4,141,644	)		—			—
J.P. Morgan Securities LLC		288,795,045		(288,795,045	)		—			—
Jefferies LLC		27,708,010		(27,708,010	)		—			—
Mitsubishi UFJ Securities Holdings Co., Ltd.		18,641,674		(18,641,674	)		—			—
Mizuho Securities USA LLC		6,450,825		(6,450,825	)		—			—
Morgan Stanley		107,543,096		(107,543,096	)		—			—
Nomura Securities International, Inc.		45,188,116		(45,188,116	)		—			—
Pershing LLC		10,677,484		(10,677,484	)		—			—
RBC Capital Markets LLC		110,225,258		(110,225,258	)		—			—
Scotia Capital (USA), Inc.		15,837,742		(15,837,742	)		—			—
State Street Bank & Trust Co.		29,089,999		(29,089,999	)		—			—
TD Securities (USA) LLC		4,010,120		(4,010,120	)		—			—
Toronto-Dominion Bank (The)		13,962,659		(13,962,659	)		—			—
UBS Securities LLC		7,612,107		(7,612,107	)		—			—
Wells Fargo Bank N.A		6,063,498		(6,063,498	)		—			—
Wells Fargo Securities LLC		92,337,040		(92,337,040	)		—			—
	$	1,672,759,782	$	(1,672,759,782	)	$	—		$	—
10+ Year Investment Grade Corporate Bond
Barclays Bank PLC	$	29,785,578	$	(29,785,578	)	$	—		$	—
BMO Capital Markets Corp.		2,663,972		(2,663,972	)		—			—
BNP Paribas SA		38,322,147		(38,322,147	)		—			—
BofA Securities, Inc.		6,485,241		(6,485,241	)		—			—
Citigroup Global Markets, Inc.		3,213,292		(3,213,292	)		—			—
Deutsche Bank Securities, Inc.		1,566,565		(1,566,565	)		—			—
Goldman Sachs & Co. LLC		42,583,517		(42,583,517	)		—			—
HSBC Securities (USA), Inc.		2,668,142		(2,668,142	)		—			—
J.P. Morgan Securities LLC		45,293,412		(45,293,412	)		—			—
Jefferies LLC		3,112,827		(3,112,827	)		—			—
Mitsubishi UFJ Securities Holdings Co., Ltd.		658,005		(658,005	)		—			—
Mizuho Securities USA LLC		234,763		(234,763	)		—			—
Morgan Stanley		16,863,824		(16,863,824	)		—			—
Nomura Securities International, Inc.		4,111,131		(4,111,131	)		—			—
Pershing LLC		2,986,164		(2,986,164	)		—			—
RBC Capital Markets LLC		9,359,964		(9,359,964	)		—			—
Scotia Capital (USA), Inc.		4,230,973		(4,230,973	)		—			—
State Street Bank & Trust Co.		6,676,377		(6,676,377	)		—			—
Toronto-Dominion Bank (The)		68,229		(68,229	)		—			—
UBS AG		116,184		(116,184	)		—			—
UBS Securities LLC		92,165		(92,165	)		—			—
Wells Fargo Bank N.A		814,507		(814,507	)		—			—
Wells Fargo Securities LLC		4,002,429		(4,002,429	)		—			—
	$	225,909,408	$	(225,909,408	)	$	—		$	—

^(a)  Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s Statements of Assets and Liabilities.

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

274 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES

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

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

iShares ETF	Investment Advisory Fees
BBB Rated Corporate Bond		0.15	%
Broad USD Investment Grade Corporate Bond		0.04
1-5 Year Investment Grade Corporate Bond		0.04
5-10 Year Investment Grade Corporate Bond		0.04
10+ Year Investment Grade Corporate Bond		0.04

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

ETF Servicing Fees: Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units (“ETF Services”). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

Prior to January 08, 2024 (date of conversion for iShares Broad USD Investment Grade Corporate Bond ETF), ETF Services were performed by State Street Bank and Trust Company.

Prior to January 26, 2024 (date of conversion for iShares BBB Rated Corporate Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF and iShares 10+ Year Investment Grade Corporate Bond ETF), ETF Services were performed by State Street Bank and Trust Company.

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

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

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

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

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 29, 2024, the Funds paid BTC the following amounts for securities lending agent services:

iShares ETF	Amounts
BBB Rated Corporate Bond	$	2,079
Broad USD Investment Grade Corporate Bond		1,135,643
1-5 Year Investment Grade Corporate Bond		1,741,902
5-10 Year Investment Grade Corporate Bond		1,763,780
10+ Year Investment Grade Corporate Bond		219,889

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 275

Notes to Financial Statements (continued)

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

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

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

6. PURCHASES AND SALES

For the year ended February 29, 2024, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

iShares ETF	Purchases		Sales
BBB Rated Corporate Bond	$	4,418,609	$	3,872,382
Broad USD Investment Grade Corporate Bond		1,032,319,062		923,103,389
1-5 Year Investment Grade Corporate Bond		5,559,178,837		5,563,969,116
5-10 Year Investment Grade Corporate Bond		2,485,793,822		2,394,071,751
10+ Year Investment Grade Corporate Bond		127,434,816		123,681,383

For the year ended February 29, 2024, in-kind transactions were as follows:

iShares ETF	In-kind Purchases		In-kind Sales
BBB Rated Corporate Bond	$	60,267,698	$	52,838,097
Broad USD Investment Grade Corporate Bond		3,199,104,675		1,180,673,299
1-5 Year Investment Grade Corporate Bond		8,104,983,267		11,428,322,698
5-10 Year Investment Grade Corporate Bond		4,165,056,599		2,997,144,554
10+ Year Investment Grade Corporate Bond		1,817,128,459		1,325,821,900

7. INCOME TAX INFORMATION

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

Management has analyzed tax laws and regulations and their application to the Funds as of February 29, 2024, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 29, 2024, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

iShares ETF	Paid-in Capital			Accumulated Earnings (Loss)
BBB Rated Corporate Bond	$	(996,690	)	$	996,690
Broad USD Investment Grade Corporate Bond		(25,851,045	)		25,851,045
1-5 Year Investment Grade Corporate Bond		(200,562,432	)		200,562,432
5-10 Year Investment Grade Corporate Bond		(10,398,451	)		10,398,451
10+ Year Investment Grade Corporate Bond		(9,417,307	)		9,417,307

The tax character of distributions paid was as follows:

iShares ETF	Year Ended 02/29/24		Year Ended 02/28/23
BBB Rated Corporate Bond
Ordinary income	$	1,115,723	$	1,613,872
Broad USD Investment Grade Corporate Bond
Ordinary income	$	381,607,770	$	216,611,047

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Notes to Financial Statements (continued)

iShares ETF	Year Ended 02/29/24		Year Ended 02/28/23
1-5 Year Investment Grade Corporate Bond
Ordinary income	$	768,525,086	$	467,995,751
Long-term capital gains		—		3,450,112
	$	768,525,086	$	471,445,863
5-10 Year Investment Grade Corporate Bond
Ordinary income	$	456,554,851	$	299,895,987
10+ Year Investment Grade Corporate Bond
Ordinary income	$	90,769,438	$	63,136,970

As of February 29, 2024, the tax components of accumulated net earnings (losses) were as follows:

iShares ETF	Undistributed Ordinary Income		Non-expiring   Capital Loss   Carryforwards(a)		Net Unrealized   Gains (Losses)(b)		Total
BBB Rated Corporate Bond	$	123,167	$	(967,836)	$	(2,510,339)	$	(3,355,008	)
Broad USD Investment Grade Corporate Bond		39,029,382		(133,995,749)		(922,175,204)		(1,017,141,571	)
1-5 Year Investment Grade Corporate Bond		69,116,652		(419,486,614)		(603,409,337)		(953,779,299	)
5-10 Year Investment Grade Corporate Bond		44,837,617		(597,245,704)		(972,589,949)		(1,524,998,036	)
10+ Year Investment Grade Corporate Bond		8,789,571		(85,136,614)		(395,244,529)		(471,591,572	)

^(a)  Amounts available to offset future realized capital gains.

^(b) The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and the classification of investments.

As of February 29, 2024, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation		Net Unrealized Appreciation (Depreciation)
BBB Rated Corporate Bond	$	38,563,023	$	160,323	$	(2,670,662)	$	(2,510,339	)
Broad USD Investment Grade Corporate Bond		12,486,078,409		30,393,136		(952,568,345)		(922,175,209	)
1-5 Year Investment Grade Corporate Bond		23,375,739,018		77,956,106		(681,365,445)		(603,409,339	)
5-10 Year Investment Grade Corporate Bond		15,119,565,772		57,325,278		(1,029,915,227)		(972,589,949	)
10+ Year Investment Grade Corporate Bond		2,698,394,945		2,750,839		(397,995,368)		(395,244,529	)

8. PRINCIPAL RISKS

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

BFA uses an indexing approach to try to achieve each Fund’s investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

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

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

Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 277

Notes to Financial Statements (continued)

of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

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

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative “debt ceiling.” Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the the Funds invest.

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

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates due to the period of historically low interest rates that ended in March 2022. The Federal Reserve has recently raised the federal funds rate as part of its efforts to address inflation. There is a risk that interest rates will continue to rise, which will likely drive down the prices of bonds and other fixed-income securities, and could negatively impact the Funds’ performance.

Certain Funds invest a significant portion of their assets within the financials sector. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, adverse public perception, exposure concentration and decreased liquidity in credit markets. The impact of changes in capital requirements and recent or future regulation on any individual financial company, or on the financials sector as a whole, cannot be predicted, but may negatively impact the Funds.

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

LIBOR Transition Risk: The Funds may be exposed to financial instruments that recently transitioned from, or continue to be tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, has ceased publishing all LIBOR settings, but some USD LIBOR settings will continue to be published under a synthetic methodology until September 30, 2024 for certain legacy contracts. The Secured Overnight Financing Rate (“SOFR”) has been used increasingly on a voluntary basis in new instruments and transactions. Under U.S. regulations that implement a statutory fallback mechanism to replace LIBOR, benchmark rates based on SOFR have replaced LIBOR in certain financial contracts. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

9. CAPITAL SHARE TRANSACTIONS

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

Transactions in capital shares were as follows:

	Year Ended 02/29/24						Year Ended 02/28/23
iShares ETF	Shares			Amount			Shares			Amount
BBB Rated Corporate Bond
Shares sold		750,000		$	63,347,650			300,000		$	23,989,448
Shares redeemed		(650,000	)		(55,031,170	)		(750,000	)		(61,790,110	)
		100,000		$	8,316,480			(450,000	)	$	(37,800,662	)

278 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

	Year Ended 02/29/24						Year Ended 02/28/23
iShares ETF	Shares			Amount			Shares			Amount
Broad USD Investment Grade Corporate Bond
Shares sold		66,350,000		$	3,297,369,497			82,800,000		$	4,226,077,150
Shares redeemed		(24,950,000	)		(1,220,337,590	)		(32,300,000	)		(1,657,860,972	)
		41,400,000		$	2,077,031,907			50,500,000		$	2,568,216,178
1-5 Year Investment Grade Corporate Bond
Shares sold		164,550,000		$	8,289,089,192			161,150,000		$	8,066,556,091
Shares redeemed		(232,550,000	)		(11,674,880,251	)		(100,650,000	)		(5,083,412,258	)
		(68,000,000	)	$	(3,385,791,059	)		60,500,000		$	2,983,143,833
5-10 Year Investment Grade Corporate Bond
Shares sold		85,150,000		$	4,289,592,867			68,800,000		$	3,532,921,534
Shares redeemed		(61,050,000	)		(3,063,211,278	)		(44,800,000	)		(2,324,332,733	)
		24,100,000		$	1,226,381,589			24,000,000		$	1,208,588,801
10+ Year Investment Grade Corporate Bond
Shares sold		37,100,000		$	1,865,641,732			16,200,000		$	857,334,969
Shares redeemed		(27,400,000	)		(1,368,278,789	)		(15,800,000	)		(885,948,274	)
		9,700,000		$	497,362,943			400,000		$	(28,613,305	)

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

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

10. SUBSEQUENT EVENTS

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

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 279

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the five funds listed in the table below

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (five of the funds constituting iShares Trust, hereafter collectively referred to as the “Funds”) as of February 29, 2024, the related statements of operations for the year ended February 29, 2024, the statements of changes in net assets for each of the two years in the period ended February 29, 2024, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of February 29, 2024, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 29, 2024 and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

iShares BBB Rated Corporate Bond ETF

iShares Broad USD Investment Grade Corporate Bond ETF

iShares 1-5 Year Investment Grade Corporate Bond ETF

iShares 5-10 Year Investment Grade Corporate Bond ETF

iShares 10+ Year Investment Grade Corporate Bond ETF

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 29, 2024 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 19, 2024

We have served as the auditor of one or more BlackRock investment companies since 2000.

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Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 29, 2024:

iShares ETF	Federal Obligation Interest
BBB Rated Corporate Bond	$	6,231
Broad USD Investment Grade Corporate Bond		358,885
1-5 Year Investment Grade Corporate Bond		433,571
5-10 Year Investment Grade Corporate Bond		368,087
10+ Year Investment Grade Corporate Bond		56,019

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 29, 2024:

iShares ETF	Interest Dividends
BBB Rated Corporate Bond	$	1,159,229
Broad USD Investment Grade Corporate Bond		390,127,853
1-5 Year Investment Grade Corporate Bond		766,210,134
5-10 Year Investment Grade Corporate Bond		458,915,976
10+ Year Investment Grade Corporate Bond		92,615,833

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 29, 2024:

iShares ETF	Interest-Related Dividends
BBB Rated Corporate Bond	$	1,060,510
Broad USD Investment Grade Corporate Bond		304,094,116
1-5 Year Investment Grade Corporate Bond		547,639,402
5-10 Year Investment Grade Corporate Bond		348,809,449
10+ Year Investment Grade Corporate Bond		78,123,085

I M P O R T A N T  T A X  I N F O R M A T I O N 281

Statement Regarding Liquidity Risk Management Program (unaudited)

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares BBB Rated Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF and iShares 10+ Year Investment Grade Corporate Bond ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.

The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 8, 2023 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40Act Liquidity Risk Management Committee (the “Committee”).At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2022 through September 30, 2023 (the “Program Reporting Period”).

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

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

a) The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes.

b) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size utilized for liquidity classifications. The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections.

c) Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. The Committee also considered that ETFs generally do not engage in borrowing.

d) The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period.

e) The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. There were no ETFs for which the custom baskets accepted by the ETF had a significant change in its liquidity profile.

There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

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Supplemental Information (unaudited)

Section 19(a) Notices

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

February 29, 2024

	Total Cumulative Distributions for the Fiscal Year								% Breakdown of the Total Cumulative Distributions for the Fiscal Year
iShares ETF		Net Investment Income		Net Realized Capital Gains		Return of Capital		Total Per Share		Net Investment Income		Net Realized Capital Gains		Return of Capital		Total Per Share
Broad USD Investment Grade Corporate Bond	$	2.042041	$	—	$	—	$	2.042041		100	%	—	%	—	%	100	%
1-5 Year Investment Grade Corporate Bond		1.709067		—		—		1.709067		100		—		—		100
10+ Year Investment Grade Corporate Bond		2.422933		—		—		2.422933		100		—		—		100

Tailored Shareholder Reports for Open-End Mutual Funds and ETFs

Effective January 24, 2023, the SEC adopted rule and form amendments to require open-end mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will no longer appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds.

Premium/Discount Information

Information on the Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at iShares.com.

Regulation under the Alternative Investment Fund Managers Directive

The Alternative Investment Fund Managers Directive, and its United Kingdom (“UK”) equivalent, (the “AIFMD”) impose detailed and prescriptive obligations on fund managers established in the European Union (the “EU”) and the UK. These do not currently apply to managers established outside of the EU or UK, such as BFA (the “Company”). However, the Company is required to comply with certain disclosure, reporting and transparency obligations of the AIFMD because it has registered the iShares 1-5 Year Investment Grade Corporate Bond ETF and iShares 5-10 Year Investment Grade Corporate Bond ETF (the “Funds”) to be marketed to investors in the EU and/or UK.

Report on Remuneration

BlackRock has a clear and well-defined pay-for-performance philosophy, and compensation programs which support that philosophy.

BlackRock operates a total compensation model for remuneration which includes a base salary, which is contractual, and a discretionary bonus scheme. Although all employees are eligible to receive a discretionary bonus, there is no contractual obligation to make a discretionary bonus award to any employees. For senior management and staff who have the ability to materially affect the risk profile of the Funds, a significant percentage of variable remuneration is deferred over time. All employees are subject to a clawback policy.

Remuneration decisions for employees are made once annually in January following the end of the performance year, based on BlackRock’s full-year financial results and other non-financial goals and objectives. Alongside financial performance, individual total compensation is also based on strategic and operating results and other considerations such as management and leadership capabilities. No set formulas are established and no fixed benchmarks are used in determining annual incentive awards.

Annual incentive awards are paid from a bonus pool which is reviewed throughout the year by BlackRock’s independent compensation committee, taking into account both actual and projected financial information together with information provided by the Enterprise Risk and Regulatory Compliance departments in relation to any activities, incidents or events that warrant consideration in making compensation decisions. Individuals are not involved in setting their own remuneration.

Each of the control functions (Enterprise Risk, Legal & Compliance, Finance, Human Resources and Internal Audit) each have their own organizational structures which are independent of the business units and therefore staff members in control functions are remunerated independently of the businesses they oversee. Functional bonus pools for those control functions are determined with reference to the performance of each individual function and the remuneration of the senior members of control functions is directly overseen by BlackRock’s independent remuneration committee.

The Company is required under the AIFMD to make quantitative disclosures of remuneration. These disclosures are made in line with BlackRock’s interpretation of currently available regulatory guidance on quantitative remuneration disclosures. As market or regulatory practice develops BlackRock may consider it appropriate to make changes to the way in which quantitative remuneration disclosures are calculated. Where such changes are made, this may result in disclosures in relation to a fund not being

S U P P L E M E N T A L  I N F O R M A T I O N 283

Supplemental Information (unaudited)(continued)

comparable to the disclosures made in the prior year, or in relation to other BlackRock fund disclosures in that same year. BlackRock bases its proportionality approach on a combination of factors that it is entitled to take into account based on relevant guidelines.

Remuneration information at an individual AIF level is not readily available. Disclosures are provided in relation to (a) the staff of the Company; (b) staff who are senior management; (c) staff who have the ability to materially affect the risk profile of the Funds; and (d) staff of companies to which portfolio management and risk management has been formally delegated.

All individuals included in the aggregated figures disclosed are rewarded in line with BlackRock’s remuneration policy for their responsibilities across the relevant BlackRock business area. As all individuals have a number of areas of responsibilities, only the portion of remuneration for those individuals’ services attributable to the Funds is included in the aggregate figures disclosed.

Members of staff and senior management of the Company typically provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the Company and across the broader BlackRock group. Conversely, members of staff and senior management of the broader BlackRock group may provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the broader BlackRock group and of the Company. Therefore, the figures disclosed are a sum of individuals’ portion of remuneration attributable to the Company according to an objective apportionment methodology which acknowledges the multiple-service nature of the Company and the broader BlackRock group. Accordingly, the figures are not representative of any individual’s actual remuneration or their remuneration structure.

The amount of the total remuneration awarded to the Company’s staff in respect of the Company’s financial year ending December 31, 2023 was USD 5.43m. This figure is comprised of fixed remuneration of USD 0.74m and variable remuneration of USD 4.68m. There was a total of 8 beneficiaries of the remuneration described above.

The amount of the aggregate remuneration awarded by the Company in respect of the Company’s financial year ending December 31, 2023, to its senior management was USD 3.66m, and to other members of its staff whose actions potentially have a material impact on the risk profile of the Company or its funds was USD 1.77m.

Disclosures Under the EU Sustainable Finance Disclosure Regulation

The iShares 1-5 Year Investment Grade Corporate Bond ETF and iShares 5-10 Year Investment Grade Corporate Bond ETF (the “Funds”) are registered under the Alternative Investment Fund Managers Directive to be marketed to European Union (“EU”) investors, as noted above. As a result, certain disclosures are required under the EU Sustainable Finance Disclosure Regulation (“SFDR”).

Each Fund has not been categorized under the SFDR as an “Article 8” or “Article 9” product. In addition, each Fund’s investment strategy does not take into account the criteria for environmentally sustainable economic activities under the EU sustainable investment taxonomy regulation or principal adverse impacts (“PAIs”) on sustainability factors under the SFDR. PAIs are identified under the SFDR as the material impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, and anti-corruption and anti-bribery matters.

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Trustee and Officer Information (unaudited)

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BFA and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as independent trustees (“Independent Trustees”).

The registered investment companies advised by BFA or its affiliates (the “BlackRock-advised Funds”) are organized into one complex of open-end equity, multi-asset, index and money market funds and ETFs (the “BlackRock Multi-Asset Complex”), one complex of closed-end funds and open-end non-index fixed-income funds (including ETFs) (the “BlackRock Fixed-Income Complex”) and one complex of ETFs (“Exchange-Traded Fund Complex”) (each, a “BlackRock Fund Complex”). Each Fund is included in the Exchange-Traded Fund Complex. Each Trustee also serves as a Director of iShares, Inc. and a Trustee of iShares U.S. ETF Trust and, as a result, oversees all of the funds within the Exchange-Traded Fund Complex, which consists of 401 funds as of February 29, 2024. With the exception of Robert S. Kapito and Aaron Wasserman, the address of each Trustee and officer is c/o BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. The address of Mr. Kapito and Mr. Wasserman is c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001. The Board has designated John E. Kerrigan as its Independent Board Chair. Additional information about the Funds’ Trustees and officers may be found in the Funds’ combined Statement of Additional Information, which is available without charge, upon request, by calling toll-free 1-800-iShares (1-800-474-2737).

Interested Trustees
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
Robert S. Kapito(a) (1957)	Trustee (since 2009).	President, of BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002).	Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011).

^(a)  Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates.

Independent Trustees
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E. Kerrigan (1955)	Trustee (since 2005); Independent Board Chair (since 2022).	Chief Investment Officer, Santa Clara University (since 2002).	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022).
Jane D. Carlin (1956)	Trustee (since 2015); Risk Committee Chair (since 2016).	Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012).	Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016).
Richard L. Fagnani (1954)	Trustee (since 2017); Audit Committee Chair (since 2019).	Partner, KPMG LLP (2002-2016); Director of One Generation Away (since 2021).	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017).
Cecilia H. Herbert (1949)	Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022).	Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York’s public media company (since 2011) and Member of the Audit Committee (since 2018), Investment Committee (since 2011) and Personnel Committee (since 2022); Member of the Wyoming State Investment Funds Committee (since 2022); Director of the Jackson Hole Center for the Arts (since 2021); Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018).	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011).
Drew E. Lawton (1959)	Trustee (since 2017); 15(c) Committee Chair (since 2017).	Senior Managing Director of New York Life Insurance Company (2010-2015).	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Director of Jackson Financial Inc. (since 2021).

T R U S T E E  A N D  O F F I C E R  I N F O R M A T I O N 285

Trustee and Officer Information (unaudited) (continued)

Independent Trustees (continued)
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E. Martinez (1961)	Trustee (since 2003); Securities Lending Committee Chair (since 2019).	Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016).	Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011).
Madhav V. Rajan (1964)	Trustee (since 2011); Fixed-Income Plus Committee Chair (since 2019).	Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016).	Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011).

Officers
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years
Dominik Rohé (1973)	President (since 2023).	Managing Director, BlackRock, Inc. (since 2005); Head of Americas ETF and Index Investments (since 2023); Head of Latin America (2019-2023).
Trent Walker (1974)	Treasurer and Chief Financial Officer (since 2020).	Managing Director, BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds.
Aaron Wasserman (1974)	Chief Compliance Officer (iShares, Inc. and iShares Trust, since 2023; iShares U.S. ETF Trust, since 2023).	Managing Director of BlackRock, Inc. (since 2018); Chief Compliance Officer of the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (since 2023); Deputy Chief Compliance Officer for the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (2014-2023).
Marisa Rolland (1980)	Secretary (since 2022).	Managing Director, of BlackRock, Inc. (since 2023); Director, of BlackRock, Inc. (2018-2022); Vice President, BlackRock, Inc. (2010-2017).
Rachel Aguirre (1982)	Executive Vice President (since 2022).	Managing Director, of BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering of BlackRock, Inc. (since 2021); Co-Head of EII’s Americas Portfolio Engineering of BlackRock, Inc. (2020-2021); Head of Developed Markets Portfolio Engineering of BlackRock, Inc. (2016-2019).
Jennifer Hsui (1976)	Executive Vice President (since 2022).	Managing Director of BlackRock, Inc. (since 2009); Co-Head of Index Equity of BlackRock, Inc. (since 2022).
James Mauro (1970)	Executive Vice President (since 2022).	Managing Director, of BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management of BlackRock, Inc. (since 2020).

Effective July 1, 2023, Aaron Wasserman replaced Charles Park as Chief Compliance Officer.

Effective February 1, 2024, Salim Ramji resigned as Trustee of the Trust.

Effective March 5, 2024, Stephen Cohen replaced Salim Ramji as Trustee of the Trust.

Effective March 5, 2024, Dominik Rohé resigned as President of the Trust.

Effective March 5, 2024, Jessica Tan replaced Dominik Rohé as President of the Trust.

Effective April 8, 2024, Laura Fergerson was appointed as Trustee of the Trust.

Effective April 8, 2024, James Lam was appointed as Trustee of the Trust.

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General Information

Electronic Delivery

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

To enroll in electronic delivery:

• Go to icsdelivery.com.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

Householding

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

Availability of Quarterly Schedule of Investments

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

Availability of Proxy Voting Policies and Proxy Voting Records

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

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

G E N E R A L  I N F O R M A T I O N 287

Glossary of Terms Used in this Report

Portfolio Abbreviation
CMT	Constant Maturity Treasury
JSC	Joint Stock Company
LIBOR	London Interbank Offered Rate
PJSC	Public Joint Stock Company
REIT	Real Estate Investment Trust
SOFR	Secured Overnight Financing Rate

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

Investing involves risk, including possible loss of principal.

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

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

^©2024 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

iS-AR-212-0224

  FEBRUARY 29, 2024

2024 Annual Report

iShares Trust

· iShares ESG Advanced Investment Grade Corporate Bond ETF | ELQD | NYSE Arca

· iShares ESG Advanced Total USD Bond Market ETF | EUSB | NYSE Arca

The Markets in Review

Dear Shareholder,

The combination of continued economic growth and cooling inflation provided a supportive backdrop for investors during the 12-month reporting period ended February 29, 2024. Significantly tighter monetary policy helped to rein in inflation, and the Consumer Price Index decelerated substantially while remaining above pre-pandemic levels. A moderating labor market helped ease inflationary pressure, although wages continued to grow. Wage and job growth powered robust consumer spending, backstopping the economy. On October 7, 2023, Hamas launched a horrific attack on Israel. The ensuing war will have a significant humanitarian impact and could lead to heightened economic and market volatility. We see geopolitics as a structural market risk going forward. See our geopolitical risk dashboard at blackrock.com for more details.

Equity returns were robust during the period, as interest rates stabilized and the economy proved to be more resilient than many investors expected. The U.S. economy continued to show strength, and growth further accelerated in the second half of 2023. Large-capitalization U.S. stocks posted particularly substantial gains, supported by the performance of a few notable technology companies, while small-capitalization U.S. stocks advanced at a significantly slower pace. Meanwhile, international developed market equities also gained strongly, while emerging market stocks advanced at a more modest pace.

The 10-year U.S. Treasury yield rose during the reporting period, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. However, higher yields drove positive returns overall for 10-year U.S. Treasuries and solid gains in shorter-duration U.S. Treasuries. The corporate bond market benefited from improving economic sentiment, although high-yield corporate bond prices fared significantly better than investment-grade bonds as demand from yield-seeking investors remained strong.

The U.S. Federal Reserve (the “Fed”), attempting to manage persistent inflation, raised interest rates three times during the 12-month period, but paused its tightening after its July meeting. The Fed also continued to reduce its balance sheet by not replacing some of the securities that reach maturity.

Supply constraints appear to have become an embedded feature of the new macroeconomic environment, making it difficult for developed economies to increase production without sparking higher inflation. Geopolitical fragmentation and an aging population risk further exacerbating these constraints, keeping the labor market tight and wage growth high. Although the Fed has stopped tightening for now, we believe that the new economic regime means that the Fed will need to maintain high rates for an extended period despite the market’s hopes for rapid interest rate cuts, as reflected in the recent rally. In this new regime, we anticipate greater volatility and dispersion of returns, creating more opportunities for selective portfolio management.

Looking at developed market stocks, we have an overweight stance on U.S. stocks overall, particularly given the promise of emerging AI technologies. We are also overweight Japanese stocks as shareholder-friendly policies generate increased investor interest, although we maintain an underweight stance on European stocks. In credit, there are selective opportunities in the near term despite tighter credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most attractive investments in short-term U.S. Treasuries and hard-currency emerging market bonds.

Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

Rob Kapito

President, BlackRock Inc.

Rob Kapito

President, BlackRock Inc.

Total Returns as of February 29, 2024
	6-Month	12-Month
U.S. large cap equities (S&P 500® Index)	13.93%	30.45%
U.S. small cap equities (Russell 2000® Index)	8.97	10.05
International equities (MSCI Europe, Australasia, Far East Index)	9.23	14.41
Emerging market equities (MSCI Emerging Markets Index)	4.93	8.73
3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)	2.69	5.22
U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)	0.58	0.69
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)	2.35	3.33
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)	4.33	5.42
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)	6.18	11.01
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

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

Table of Contents

	Page
The Markets in Review		2
Annual Report:
Market Overview		4
Fund Summary		5
About Fund Performance		9
Disclosure of Expenses		9
Schedules of Investments		10
Financial Statements
Statements of Assets and Liabilities		61
Statements of Operations		62
Statements of Changes in Net Assets		63
Financial Highlights		64
Notes to Financial Statements		66
Report of Independent Registered Public Accounting Firm		74
Important Tax Information		75
Statement Regarding Liquidity Risk Management Program		76
Supplemental Information		77
Trustee and Officer Information		78
General Information		81
Glossary of Terms Used in this Report		82

Market Overview

iShares Trust

U.S. Bond Market Overview

U.S. investment-grade bonds produced a gain of 3.33% during the 12 months ended February 29, 2024 (the “reporting period”), as measured by the Bloomberg U.S. Aggregate Bond Index. Income made a sizable contribution to performance, and strength in credit-oriented market segments provided an additional boost to returns.

The 12-month gain for the index belies the challenging environment for the bond market through the first eight months of the period. During this time, yields drifted steadily higher (as prices fell) in response to better-than-expected economic growth and continued interest rate increases by the U.S. Federal Reserve (Fed). The Fed raised rates by a quarter-point at its meetings in March, May, and July 2023, moving its benchmark fed funds rate to a range of 5.25% - 5.50%. Although the Fed’s aggressive actions contributed to a decline in inflation, U.S. economic growth remained robust behind persistent strength in the labor market. This trend gave rise to expectations that the central bank would need to keep rates “higher for longer,” fueling a sharp sell-off in the bond market in the span from August through October 2023.

The investment backdrop improved considerably in the final two months of 2023, touching off a rally that helped the fixed-income market quickly recover its earlier losses. The headline Consumer Price Index fell to its lowest levels since early 2021 in the November report, surprising the markets and causing the consensus to shift toward the view that the Fed was in fact finished raising rates. In December, Fed Chairman Jerome Powell provided another positive surprise with his suggestion that rate cuts could begin as early as the first half of 2024. Bond prices moved surged in response, with the credit sectors leading the way amid a pronounced improvement in investor sentiment. While yields crept higher in January and February, the Bloomberg U.S. Aggregate Bond Index finished in positive territory on the strength of its earlier advance.

These trends were reflected in the U.S. Treasury market, where the yield on the two-year note entered the annual period at 4.81%, reached a high of 5.19% in mid-October, and subsequently finished February 2024 at 4.64%. The 10-year issue followed a similar path, climbing from 3.92% at the start of the period to a high of 4.98% before sliding to 4.25% on February 29, 2024. One result of these moves was that the yield curve’s inversion—i.e., the extent to which short-term rates exceeded those of longer-term issues—gradually moderated from the unusually high level reached in early 2023. Short-term Treasuries were the strongest performers on a total return basis, followed by intermediate-term issues. However, longer-dated government bonds (those with maturities of 10 years and above) posted a loss.

Investment-grade corporate bonds were the best performing segment of the index during the 12-month period. The asset class was helped by a larger contribution from yield, together with a decline in yield spreads relative to U.S. Treasuries. Securitized assets—a category that encompasses mortgage-backed securities (MBS), asset backed securities (ABS) and commercial mortgage-backed securities (CMBS)—underperformed the index. While ABS and CMBS both held up well, agency MBS failed to keep pace with the broader fixed-income market due to the combination of the Fed’s ongoing balance sheet reduction and lower buying demand from banks.

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

Fund Summary as of February 29, 2024   iShares^® ESG Advanced Investment Grade Corporate Bond ETF

Investment Objective

The iShares ESG Advanced Investment Grade Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment grade corporate bonds that applies extensive climate-based screens and other extensive screens for involvement in controversial activities, and reflects the performance of issuers with a favorable environmental, social and governance rating as identified by the index provider, as represented by the iBoxx MSCI ESG Advanced USD Liquid Investment Grade Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns							Cumulative Total Returns
		1 Year			Since Inception			1 Year			Since Inception
Fund NAV			5.87	%		(5.91	)%		5.87	%		(13.12	)%
Fund Market			5.89			(5.82	)		5.89			(12.93	)
Index			6.20			(5.70	)		6.20			(12.68	)

GROWTH OF $10,000 INVESTMENT

(SINCE INCEPTION AT NET ASSET VALUE)

  The inception date of the Fund was November 8, 2021. The first day of secondary market trading was November 10, 2021.

  Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual					Hypothetical 5% Return
	Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized Expense Ratio
	$  1,000.00	$  1,036.90	$  0.91			$  1,000.00	$  1,024.00	$  0.91		0.18	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 5

Fund Summary as of February 29, 2024 (continued)   iShares^® ESG Advanced Investment Grade Corporate Bond ETF

Portfolio Management Commentary

Returns for investment-grade corporate bonds with positive environmental, social and governance (“ESG”) characteristics were positive during the 12-month reporting period despite market volatility driven by shifting expectations around inflation and Federal Reserve (Fed) interest rate policy. In this vein, the yield on the 10-year Treasury bond began the period at 3.92% and rose more than 100 basis points to 4.98% before declining on an improved outlook for Fed rate cuts, ultimately ending the period at 4.25%. Corporate bonds were the best performing segment of the investment grade market as credit sentiment remained firm and yield spreads relative to U.S. Treasuries narrowed.

The iBoxx MSCI ESG Advanced USD Liquid Investment Grade Index (“the Index”) performed in line with the Markit iBoxx USD Liquid Investment Grade Index during the period. Within the Index, performance was strongly positive for both financial and industrial issues. In terms of quality, performance was led by lower rated bonds within the Baa ratings category. Relative to the broader market, the ESG selection process leads to overweight and underweight positions in bonds with higher or lower ESG characteristics, respectively. Consequently, the Index achieved an ESG quality score that was higher than the broader market, with lower exposure to carbon intensive companies.

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	4.4	%
Aa	2.8
A	48.5
Baa	41.5
Ba	2.7
Not Rated	0.1

MATURITY ALLOCATION

Maturity	Percent of Total Investments	(a)
1-5 Years	20.7	%
5-10 Years	36.3
10-15 Years	8.0
15-20 Years	7.9
More than 20 Years	27.1

* 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.

^(a)  Excludes money market funds.

6 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Fund Summary as of February 29, 2024   iShares^® ESG Advanced Total USD Bond Market ETF

Investment Objective

The iShares ESG Advanced Total USD Bond Market ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated bonds that are rated either investment-grade or high-yield from issuers with a favorable environmental, social and governance rating as identified by the index provider, while applying extensive screens for involvement in controversial activities, as represented by the Bloomberg MSCI US Universal Choice ESG Screened Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

	Average Annual Total Returns							Cumulative Total Returns
		1 Year			Since Inception			1 Year			Since Inception
Fund NAV			3.70	%		(2.44	)%		3.70	%		(8.70	)%
Fund Market			3.85			(2.39	)		3.85			(8.53	)
Index			3.81			(2.30	)		3.81			(8.23	)

GROWTH OF $10,000 INVESTMENT

(SINCE INCEPTION AT NET ASSET VALUE)

  The inception date of the Fund was June 23, 2020. The first day of secondary market trading was June 25, 2020.

  Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

Actual					Hypothetical 5% Return
	Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)		Beginning Account Value (09/01/23)	Ending Account Value (02/29/24)	Expenses Paid During the Period	(a)	Annualized Expense Ratio
	$  1,000.00	$  1,026.10	$  0.60			$  1,000.00	$  1,024.30	$  0.60		0.12	%

^(a)  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

F U N D  S U M M A R Y 7

Fund Summary as of February 29, 2024 (continued)   iShares^® ESG Advanced Total USD Bond Market ETF

Portfolio Management Commentary

Returns for bonds with positive environmental, social and governance (“ESG”) characteristics were positive during the 12-month reporting period despite market volatility driven by shifting expectations around inflation and Federal Reserve (Fed) interest rate policy. In this vein, the yield on the 10-year Treasury bond began the period at 3.92% and rose more than 100 basis points to 4.98% before declining on an improved outlook for Fed rate cuts, ultimately ending the period at 4.25%.

The Bloomberg MSCI Universal Choice ESG Screened Index (“the Index”) slightly underperformed the broader bond market as represented by the Bloomberg U.S. Universal Index. Within the Index, corporate bonds were the best performing segment as credit sentiment remained firm and yield spreads relative to U.S. Treasuries narrowed. Returns were more muted for Treasuries as longer-term yields finished the period higher. Within securitized assets, demand for agency mortgage-backed securities was negatively impacted by the Fed’s post-pandemic balance sheet reduction efforts. In addition, banks curtailed their purchases given extended durations for the sector with the rise in mortgage rates seen since the beginning of the Fed’s hiking cycle along with an inverted yield curve that hurt net interest margins.

Relative to the broader market, the ESG selection process leads to overweight and underweight positions in bonds with higher or lower ESG characteristics, respectively. Consequently, the Index achieved an ESG quality score that was higher than the broader market, with lower exposure to carbon intensive companies.

Portfolio Information

CREDIT QUALITY ALLOCATION

Moody’s Credit Rating*	Percent of Total Investments	(a)
Aaa	63.9	%
Aa	2.7
A	12.0
Baa	14.0
Ba	3.3
B	1.7
Caa	0.4
Ca	0.2
Not Rated	1.8

PORTFOLIO COMPOSITION

Investment Type	Percent of Total Investments	(a)
U.S. Government & Agency Obligations	60.3	%
Corporate Bonds & Notes	32.1
Foreign Government Obligations	6.5
Collaterized Mortgage Obligations	0.9
Asset-Backed Securities	0.4
TBA Sales Commitments	(0.2	)

* 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.

^(a)  Excludes money market funds.

8 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

About Fund Performance

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

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

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

Disclosure of Expenses

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

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

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

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

A B O U T  F U N D  P E R F O R M A N C E / D I S C L O S U R E  O F  E X P E N S E S 9

Schedule of Investments  February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Corporate Bonds & Notes
Apparel — 0.2%
Tapestry Inc.
7.35%, 11/27/28 (Call 10/27/28)	$	6	$	6,280
7.85%, 11/27/33 (Call 08/27/33)		10		10,808
VF Corp., 2.95%, 04/23/30 (Call 01/23/30)(a)		10		8,252
				25,340
Auto Manufacturers — 1.2%
General Motors Co.
5.15%, 04/01/38 (Call 10/01/37)		25		23,159
5.20%, 04/01/45		10		8,756
5.60%, 10/15/32 (Call 07/15/32)		15		14,951
6.25%, 10/02/43		10		10,046
6.80%, 10/01/27 (Call 08/01/27)		25		26,067
General Motors Financial Co. Inc.
2.40%, 04/10/28 (Call 02/10/28)		15		13,385
2.70%, 06/10/31 (Call 03/10/31)		50		41,169
3.10%, 01/12/32 (Call 10/12/31)		15		12,525
				150,058
Auto Parts & Equipment — 0.1%
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)(a)		10		8,610
4.15%, 05/01/52 (Call 11/01/51)		10		7,647
				16,257
Banks — 29.5%
Banco Santander SA, 4.25%, 04/11/27		200		192,613
Bank of America Corp.
2.30%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.220%)(b)		60		48,526
2.59%, 04/29/31 (Call 04/29/30),
(1-day SOFR + 2.150%)(b)		25		21,344
2.68%, 06/19/41 (Call 06/19/40),
(1-day SOFR + 1.930%)(b)		10		6,976
2.69%, 04/22/32 (Call 04/22/31),
(1-day SOFR + 1.320%)(b)		50		41,759
2.83%, 10/24/51 (Call 10/24/50),
(1-day SOFR + 1.880%)(b)		10		6,419
2.97%, 02/04/33 (Call 02/04/32),
(1-day SOFR + 1.330%)(b)		20		16,776
2.97%, 07/21/52 (Call 07/21/51),
(1-day SOFR + 1.560%)(b)		52		34,489
3.31%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.580%)(b)		15		11,327
3.42%, 12/20/28 (Call 12/20/27),
(3-mo. SOFR + 1.302%)(b)		65		60,664
3.97%, 02/07/30 (Call 02/07/29),
(3-mo. SOFR + 1.472%)(b)		10		9,394
4.08%, 04/23/40 (Call 04/23/39),
(3-mo. SOFR + 1.582%)(b)		45		38,431
4.08%, 03/20/51 (Call 03/20/50),
(3-mo. SOFR + 3.412%)(b)		5		4,016
5.02%, 07/22/33 (Call 07/22/32),
(1-day SOFR + 2.160%)(b)		5		4,864
5.20%, 04/25/29 (Call 04/25/28),
(1-day SOFR + 1.630%)(b)		25		24,859
5.47%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.650%)(b)		15		14,935
Bank of Montreal, 2.65%, 03/08/27		45		42,015
Bank of New York Mellon Corp. (The), 3.30%, 08/23/29 (Call 05/23/29)		15		13,778
Bank of Nova Scotia (The), 2.45%, 02/02/32		25		20,531

Security	Par  (000)		Value
Banks (continued)
Barclays PLC
5.50%, 08/09/28 (Call 08/09/27),
(1-year CMT + 2.650%)(b)	$	200	$	198,930
6.22%, 05/09/34 (Call 05/09/33),
(1-day SOFR + 2.980%)(b)		20		20,227
Canadian Imperial Bank of Commerce
3.60%, 04/07/32 (Call 03/07/32)(a)		10		8,929
6.09%, 10/03/33 (Call 07/03/33)		6		6,229
Citigroup Inc.
2.56%, 05/01/32 (Call 05/01/31),
(1-day SOFR + 1.167%)(b)		10		8,230
2.90%, 11/03/42 (Call 11/03/41),
(1-day SOFR + 1.379%)(b)		30		21,302
2.98%, 11/05/30 (Call 11/05/29),
(1-day SOFR + 1.422%)(b)		10		8,809
3.06%, 01/25/33 (Call 01/25/32),
(1-day SOFR + 1.351%)(b)		10		8,392
3.79%, 03/17/33 (Call 03/17/32),
(1-day SOFR + 1.939%)(b)		5		4,418
3.98%, 03/20/30 (Call 03/20/29),
(3-mo. SOFR + 1.600%)(b)		15		14,038
4.13%, 07/25/28		15		14,260
4.41%, 03/31/31 (Call 03/31/30),
(1-day SOFR + 3.914%)(b)		95		89,641
4.45%, 09/29/27		20		19,362
4.65%, 07/23/48 (Call 06/23/48)		25		22,225
4.75%, 05/18/46		55		48,093
4.91%, 05/24/33 (Call 05/24/32),
(1-day SOFR + 2.086%)(b)		10		9,558
6.63%, 06/15/32		15		15,970
Citizens Financial Group Inc., 3.25%, 04/30/30
(Call 01/30/30)(a)		10		8,649
Cooperatieve Rabobank UA, 5.25%, 05/24/41		40		40,426
Fifth Third Bancorp.
4.77%, 07/28/30 (Call 07/28/29),
(1-day SOFR + 2.127%)(b)		10		9,543
6.34%, 07/27/29 (Call 07/27/28),
(1-day SOFR + 2.340%)(b)		10		10,257
8.25%, 03/01/38		6		7,092
Goldman Sachs Group Inc. (The)
2.38%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.248%)(b)		20		16,274
2.62%, 04/22/32 (Call 04/22/31),
(1-day SOFR + 1.281%)(b)		100		83,208
3.10%, 02/24/33 (Call 02/24/32),
(1-day SOFR + 1.410%)(b)		15		12,692
3.62%, 03/15/28 (Call 03/15/27),
(1-day SOFR + 1.846%)(b)		15		14,296
5.15%, 05/22/45		45		42,808
6.56%, 10/24/34 (Call 10/24/33),
(1-day SOFR + 1.950%)(a)(b)		15		16,100
6.75%, 10/01/37		75		81,468
HSBC Holdings PLC
2.80%, 05/24/32 (Call 05/24/31),
(1-day SOFR + 1.187%)(b)		200		165,360
6.16%, 03/09/29 (Call 03/09/28),
(1-day SOFR + 1.970%)(b)		40		40,859
Huntington Bancshares Inc./OH
2.55%, 02/04/30 (Call 11/04/29)		5		4,218
6.21%, 08/21/29 (Call 08/21/28),
(1-day SOFR + 2.020%)(b)		15		15,249

10 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Banks (continued)
ING Groep NV, 6.11%, 09/11/34 (Call 09/11/33),
(1-day SOFR + 2.090%)(b)	$	20	$	20,604
JPMorgan Chase & Co.
2.58%, 04/22/32 (Call 04/22/31),
(3-mo. SOFR + 1.250%)(b)		110		91,984
2.74%, 10/15/30 (Call 10/15/29),
(3-mo. SOFR + 1.510%)(b)		15		13,159
3.33%, 04/22/52 (Call 04/22/51),
(1-day SOFR + 1.580%)(b)		10		7,113
4.03%, 07/24/48 (Call 07/24/47),
(3-mo. SOFR + 1.722%)(b)		15		12,175
4.49%, 03/24/31 (Call 03/24/30),
(3-mo. SOFR + 3.790%)(b)		15		14,385
4.57%, 06/14/30 (Call 06/14/29),
(1-day SOFR + 1.750%)(b)		10		9,694
4.85%, 07/25/28 (Call 07/25/27),
(1-day SOFR + 1.990%)(b)		30		29,662
4.91%, 07/25/33 (Call 07/25/32),
(1-day SOFR + 2.080%)(b)		15		14,524
5.30%, 07/24/29 (Call 07/24/28),
(1-day SOFR + 1.450%)(b)		33		33,059
5.35%, 06/01/34 (Call 06/01/33),
(1-day SOFR + 1.845%)(b)		15		14,914
5.40%, 01/06/42		15		15,136
6.40%, 05/15/38		95		105,854
KeyCorp
2.55%, 10/01/29		20		16,717
4.79%, 06/01/33 (Call 06/01/32),
(1-day SOFR + 2.060%)(b)		10		9,040
Lloyds Banking Group PLC, 5.68%, 01/05/35
(Call 01/05/34), (1-year CMT + 1.750%)(b)		40		39,568
Mitsubishi UFJ Financial Group Inc., 2.05%, 07/17/30		200		165,961
Mizuho Financial Group Inc., 4.02%, 03/05/28		200		192,374
Morgan Stanley
2.24%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.178%)(b)		140		112,734
2.94%, 01/21/33 (Call 01/21/32),
(1-day SOFR + 1.290%)(b)		30		25,168
4.30%, 01/27/45		60		51,645
4.43%, 01/23/30 (Call 01/23/29),
(3-mo. SOFR + 1.890%)(b)		25		24,001
5.25%, 04/21/34 (Call 04/21/33),
(1-day SOFR + 1.870%)(b)		10		9,803
5.60%, 03/24/51 (Call 03/24/50),
(1-day SOFR + 4.840%)(b)		30		30,960
6.30%, 10/18/28 (Call 10/18/27),
(1-day SOFR + 2.240%)(b)		75		77,495
6.63%, 11/01/34 (Call 11/01/33),
(1-day SOFR + 2.050%)(b)		20		21,661
NatWest Group PLC, 4.89%, 05/18/29 (Call 05/18/28), (3-mo. LIBOR US + 1.754%)(b)		50		48,742
Northern Trust Corp., 6.13%, 11/02/32 (Call 08/02/32)		10		10,514
PNC Financial Services Group Inc. (The)
2.55%, 01/22/30 (Call 10/24/29)		50		42,907
5.58%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 1.841%)(b)		15		15,090
6.04%, 10/28/33 (Call 10/28/32),
(1-day SOFR + 2.140%)(b)		16		16,390
6.88%, 10/20/34 (Call 10/20/33),
(1-day SOFR + 2.284%)(b)		20		21,626

Security	Par  (000)		Value
Banks (continued)
Royal Bank of Canada
2.30%, 11/03/31	$	10	$	8,191
5.00%, 02/01/33		10		9,819
5.15%, 02/01/34		10		9,835
5.20%, 08/01/28		10		10,053
6.00%, 11/01/27		25		25,721
Santander Holdings USA Inc., 6.50%, 03/09/29
(Call 03/09/28), (1-day SOFR + 2.356%)(b)		20		20,302
State Street Corp., 2.20%, 03/03/31(a)		5		4,127
Sumitomo Mitsui Financial Group Inc., 3.35%, 10/18/27		200		188,325
Toronto-Dominion Bank (The)
2.00%, 09/10/31		15		12,223
4.46%, 06/08/32		35		33,307
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		20		17,376
5.12%, 01/26/34 (Call 01/26/33),
(1-day SOFR + 1.852%)(b)		25		23,722
5.44%, 01/24/30 (Call 01/24/29),
(1-day SOFR + 1.620%)(b)		15		14,839
5.71%, 01/24/35 (Call 01/24/34),
(1-day SOFR + 1.922%)(b)		10		9,889
5.87%, 06/08/34 (Call 06/08/33),
(1-day SOFR + 2.361%)(b)		10		9,994
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		65		51,453
4.84%, 02/01/34 (Call 02/01/33),
(1-day SOFR + 1.600%)(b)		10		9,410
5.78%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 2.020%)(b)		25		25,268
5.84%, 06/12/34 (Call 06/10/33),
(1-day SOFR + 2.260%)(b)		10		10,079
UBS AG/London, 5.65%, 09/11/28		25		25,476
Westpac Banking Corp.
2.15%, 06/03/31		15		12,423
2.96%, 11/16/40		10		6,827
5.54%, 11/17/28		15		15,346
6.82%, 11/17/33		5		5,368
				3,574,860
Beverages — 0.1%
Keurig Dr Pepper Inc., 3.80%, 05/01/50 (Call 11/01/49)		20		15,253
Biotechnology — 3.1%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		50		43,544
2.00%, 01/15/32 (Call 10/15/31)		25		20,027
4.40%, 05/01/45 (Call 11/01/44)		15		12,757
4.40%, 02/22/62 (Call 08/22/61)		15		12,051
4.66%, 06/15/51 (Call 12/15/50)		75		65,008
5.25%, 03/02/30 (Call 01/02/30)		27		27,224
5.25%, 03/02/33 (Call 12/02/32)		27		26,884
5.60%, 03/02/43 (Call 09/02/42)		28		28,000
5.75%, 03/02/63 (Call 09/02/62)		12		11,989
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		20		16,725
3.15%, 05/01/50 (Call 11/01/49)		5		3,297
Gilead Sciences Inc.
1.65%, 10/01/30 (Call 07/01/30)		25		20,391
4.00%, 09/01/36 (Call 03/01/36)		20		17,715
4.75%, 03/01/46 (Call 09/01/45)		50		45,445
Regeneron Pharmaceuticals Inc., 1.75%, 09/15/30
(Call 06/15/30)		15		12,125

S C H E D U L E  O F  I N V E S T M E N T S 11

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Biotechnology (continued)
Royalty Pharma PLC, 3.30%, 09/02/40 (Call 03/02/40)	$	15	$	10,916
				374,098
Building Materials — 0.4%
Carrier Global Corp.
2.72%, 02/15/30 (Call 11/15/29)		15		13,136
3.38%, 04/05/40 (Call 10/05/39)		10		7,685
3.58%, 04/05/50 (Call 10/05/49)		20		14,700
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)		5		4,167
3.20%, 07/15/51 (Call 01/15/51)		5		3,451
				43,139
Chemicals — 0.9%
Air Products and Chemicals Inc.
2.05%, 05/15/30 (Call 02/15/30)		10		8,502
2.70%, 05/15/40 (Call 11/15/39)		10		7,198
Celanese U.S. Holdings LLC
6.17%, 07/15/27 (Call 06/15/27)		13		13,196
6.70%, 11/15/33 (Call 08/15/33)		19		19,926
CF Industries Inc., 5.15%, 03/15/34		15		14,505
DuPont de Nemours Inc., 5.32%, 11/15/38 (Call 05/15/38)		30		29,523
Nutrien Ltd., 5.00%, 04/01/49 (Call 10/01/48)		10		9,023
Sherwin-Williams Co. (The), 4.50%, 06/01/47
(Call 12/01/46)		15		12,877
				114,750
Commercial Services — 0.6%
Automatic Data Processing Inc., 1.25%, 09/01/30
(Call 06/01/30)		15		12,119
Global Payments Inc.
3.20%, 08/15/29 (Call 05/15/29)		15		13,355
5.95%, 08/15/52 (Call 02/15/52)(a)		10		9,833
PayPal Holdings Inc.
2.30%, 06/01/30 (Call 03/01/30)		20		17,040
4.40%, 06/01/32 (Call 03/01/32)(a)		15		14,374
S&P Global Inc.
2.90%, 03/01/32 (Call 12/01/31)		10		8,605
3.70%, 03/01/52 (Call 09/01/51)		5		3,854
				79,180
Computers — 4.4%
Apple Inc.
1.40%, 08/05/28 (Call 06/05/28)		200		174,615
2.65%, 05/11/50 (Call 11/11/49)		35		22,858
2.65%, 02/08/51 (Call 08/08/50)		10		6,436
2.70%, 08/05/51 (Call 02/05/51)		40		25,972
2.80%, 02/08/61 (Call 08/08/60)		10		6,333
3.35%, 08/08/32 (Call 05/08/32)(a)		15		13,596
4.65%, 02/23/46 (Call 08/23/45)		100		94,244
Dell International LLC/EMC Corp.
3.38%, 12/15/41 (Call 06/15/41)		5		3,659
5.30%, 10/01/29 (Call 07/01/29)		40		40,095
5.75%, 02/01/33 (Call 11/01/32)(a)		10		10,286
6.20%, 07/15/30 (Call 04/15/30)		10		10,469
Hewlett Packard Enterprise Co.
6.20%, 10/15/35 (Call 04/15/35)		15		15,564
6.35%, 10/15/45 (Call 04/15/45)		5		5,163
HP Inc.
2.65%, 06/17/31 (Call 03/17/31)		10		8,350
6.00%, 09/15/41		5		5,108
International Business Machines Corp., 4.15%, 05/15/39		100		87,008
				529,756

Security	Par  (000)		Value
Cosmetics & Personal Care — 0.1%
Kenvue Inc.
5.05%, 03/22/53 (Call 09/22/52)	$	10	$	9,580
5.20%, 03/22/63 (Call 09/22/62)		5		4,831
				14,411
Diversified Financial Services — 4.0%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.00%, 10/29/28 (Call 08/29/28)		150		134,606
Ally Financial Inc., 8.00%, 11/01/31(a)		15		16,454
American Express Co.
4.05%, 05/03/29 (Call 03/03/29)		25		24,210
4.05%, 12/03/42		10		8,599
Ameriprise Financial Inc., 5.15%, 05/15/33 (Call 02/15/33)		5		4,993
Capital One Financial Corp., 3.80%, 01/31/28
(Call 12/31/27)		25		23,652
Charles Schwab Corp. (The)
2.30%, 05/13/31 (Call 02/13/31)		20		16,567
2.45%, 03/03/27 (Call 02/03/27)		15		13,893
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		5		4,275
5.30%, 09/15/43 (Call 03/15/43)		5		5,040
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		10		7,714
3.00%, 09/15/60 (Call 03/15/60)		30		18,663
4.25%, 09/21/48 (Call 03/21/48)		10		8,483
4.95%, 06/15/52 (Call 12/15/51)		15		14,001
Mastercard Inc.
3.35%, 03/26/30 (Call 12/26/29)		40		36,930
3.85%, 03/26/50 (Call 09/26/49)		10		8,226
Nasdaq Inc., 5.55%, 02/15/34 (Call 11/15/33)		30		30,207
Nomura Holdings Inc., 6.07%, 07/12/28		50		51,132
Raymond James Financial Inc., 3.75%, 04/01/51
(Call 10/01/50)		10		7,409
Synchrony Financial, 3.95%, 12/01/27 (Call 09/01/27)		5		4,631
Visa Inc.
1.10%, 02/15/31 (Call 11/15/30)		10		7,887
2.05%, 04/15/30 (Call 01/15/30)		15		12,855
4.30%, 12/14/45 (Call 06/14/45)		25		22,300
				482,727
Electric — 0.1%
Commonwealth Edison Co., 4.00%, 03/01/48
(Call 09/01/47)		10		8,033
Electronics — 0.1%
Amphenol Corp., 2.20%, 09/15/31 (Call 06/15/31)		10		8,200
Entertainment — 0.7%
Warnermedia Holdings Inc.
4.28%, 03/15/32 (Call 12/15/31)		35		30,822
5.05%, 03/15/42 (Call 09/15/41)		10		8,387
5.14%, 03/15/52 (Call 09/15/51)		45		36,481
5.39%, 03/15/62 (Call 09/15/61)		10		8,079
				83,769
Environmental Control — 0.4%
Republic Services Inc., 3.95%, 05/15/28 (Call 02/15/28)		20		19,250
Waste Connections Inc., 4.20%, 01/15/33 (Call 10/15/32)		12		11,203
Waste Management Inc., 1.50%, 03/15/31 (Call 12/15/30)		20		15,867
				46,320
Food — 1.0%
Conagra Brands Inc., 5.30%, 11/01/38 (Call 05/01/38)		15		14,166
Hormel Foods Corp., 1.80%, 06/11/30 (Call 03/11/30)		25		20,740
J M Smucker Co. (The), 6.50%, 11/15/53 (Call 05/15/53)		6		6,523

12 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Food (continued)
Kraft Heinz Foods Co., 4.38%, 06/01/46 (Call 12/01/45)	$	60	$	49,565
Sysco Corp., 6.60%, 04/01/50 (Call 10/01/49)		10		11,281
Tyson Foods Inc., 5.10%, 09/28/48 (Call 03/28/48)(a)		20		17,641
				119,916
Hand & Machine Tools — 0.3%
Regal Rexnord Corp.
6.30%, 02/15/30 (Call 12/15/29)(c)		5		5,080
6.40%, 04/15/33 (Call 01/15/33)(c)		10		10,266
Stanley Black & Decker Inc., 2.30%, 03/15/30
(Call 12/15/29)		22		18,483
				33,829
Health Care - Products — 2.3%
Abbott Laboratories
4.75%, 11/30/36 (Call 05/30/36)		15		14,652
4.90%, 11/30/46 (Call 05/30/46)		15		14,415
Baxter International Inc.
2.54%, 02/01/32 (Call 11/01/31)(a)		15		12,285
3.13%, 12/01/51 (Call 06/01/51)(a)		10		6,513
DH Europe Finance II Sarl, 2.60%, 11/15/29
(Call 08/15/29)		80		71,141
GE HealthCare Technologies Inc., 5.65%, 11/15/27
(Call 10/15/27)		100		101,505
HCA Inc., 3.63%, 03/15/32 (Call 12/15/31)		10		8,721
Medtronic Global Holdings SCA, 4.50%, 03/30/33
(Call 12/30/32)		15		14,419
Medtronic Inc., 4.38%, 03/15/35		15		14,128
Thermo Fisher Scientific Inc., 2.80%, 10/15/41
(Call 04/15/41)		30		21,492
				279,271
Health Care - Services — 4.2%
Aetna Inc., 3.88%, 08/15/47 (Call 02/15/47)		15		11,157
Centene Corp., 4.63%, 12/15/29 (Call 12/15/24)		95		89,922
Elevance Health Inc.
2.55%, 03/15/31 (Call 12/15/30)		10		8,478
3.60%, 03/15/51 (Call 09/15/50)		35		26,009
4.65%, 01/15/43		20		17,912
4.75%, 02/15/33 (Call 11/15/32)		10		9,660
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		15		12,154
3.50%, 09/01/30 (Call 03/01/30)		10		8,918
3.50%, 07/15/51 (Call 01/15/51)		45		30,421
4.13%, 06/15/29 (Call 03/15/29)		10		9,398
5.25%, 06/15/49 (Call 12/15/48)		10		8,976
5.50%, 06/01/33 (Call 03/01/33)		20		19,843
5.63%, 09/01/28 (Call 03/01/28)		10		10,074
5.88%, 02/01/29 (Call 08/01/28)		10		10,177
Humana Inc.
2.15%, 02/03/32 (Call 11/03/31)		15		11,846
5.50%, 03/15/53 (Call 09/15/52)		5		4,842
Laboratory Corp. of America Holdings, 4.70%, 02/01/45 (Call 08/01/44)		5		4,459
UnitedHealth Group Inc.
4.00%, 05/15/29 (Call 03/15/29)		20		19,245
4.20%, 05/15/32 (Call 02/15/32)		51		47,986
4.20%, 01/15/47 (Call 07/15/46)		5		4,227
4.75%, 05/15/52 (Call 11/15/51)		92		83,729
5.20%, 04/15/63 (Call 10/15/62)		15		14,290
5.35%, 02/15/33 (Call 11/15/32)		15		15,279
6.05%, 02/15/63 (Call 08/15/62)		15		16,261

Security	Par  (000)		Value
Health Care - Services (continued)
6.88%, 02/15/38	$	10	$	11,610
				506,873
Insurance — 1.5%
American International Group Inc.
4.38%, 06/30/50 (Call 12/30/49)		5		4,292
4.80%, 07/10/45 (Call 01/10/45)		10		9,150
Aon Corp./Aon Global Holdings PLC, 5.35%, 02/28/33
(Call 11/28/32)		10		9,970
Chubb INA Holdings Inc.
3.05%, 12/15/61 (Call 06/15/61)		15		9,975
4.35%, 11/03/45 (Call 05/03/45)		15		13,242
Equitable Holdings Inc., 5.00%, 04/20/48 (Call 10/20/47)		10		9,073
Everest Reinsurance Holdings Inc., 3.13%, 10/15/52
(Call 04/15/52)		11		7,016
Hartford Financial Services Group Inc. (The), 3.60%,
08/19/49 (Call 02/19/49)		10		7,499
Marsh & McLennan Companies Inc.
4.90%, 03/15/49 (Call 09/15/48)		10		9,241
5.70%, 09/15/53 (Call 03/15/53)		5		5,143
MetLife Inc.
4.05%, 03/01/45		27		22,205
4.55%, 03/23/30 (Call 12/23/29)(a)		15		14,687
5.00%, 07/15/52 (Call 01/15/52)		10		9,325
5.70%, 06/15/35		15		15,514
Progressive Corp. (The), 4.13%, 04/15/47 (Call 10/15/46)		10		8,382
Prudential Financial Inc., 4.35%, 02/25/50 (Call 08/25/49)		25		21,083
Travelers Companies Inc. (The), 3.05%, 06/08/51
(Call 12/08/50)(a)		15		10,252
				186,049
Internet — 0.4%
Alphabet Inc.
1.10%, 08/15/30 (Call 05/15/30)		15		12,154
2.05%, 08/15/50 (Call 02/15/50)		10		5,901
2.25%, 08/15/60 (Call 02/15/60)(a)		10		5,735
Booking Holdings Inc., 4.63%, 04/13/30 (Call 01/13/30)		10		9,825
eBay Inc.
2.70%, 03/11/30 (Call 12/11/29)		10		8,741
3.65%, 05/10/51 (Call 11/10/50)		10		7,233
				49,589
Lodging — 0.1%
Marriott International Inc./MD, Series GG, 3.50%, 10/15/32 (Call 07/15/32)		20		17,459
Machinery — 0.4%
Caterpillar Inc., 3.25%, 09/19/49 (Call 03/19/49)		30		22,025
Deere & Co., 3.90%, 06/09/42 (Call 12/09/41)		15		12,832
Otis Worldwide Corp., 2.57%, 02/15/30 (Call 11/15/29)		22		19,204
				54,061
Machinery - Diversified — 0.1%
John Deere Capital Corp., 5.15%, 09/08/33		10		10,152
Manufacturing — 0.7%
3M Co.
2.88%, 10/15/27 (Call 07/15/27)(a)		20		18,502
3.25%, 08/26/49 (Call 02/26/49)(a)		10		6,889
Eaton Corp., 4.15%, 03/15/33 (Call 12/15/32)		15		14,099
Illinois Tool Works Inc., 3.90%, 09/01/42 (Call 03/01/42)		10		8,466
Parker-Hannifin Corp., 3.25%, 06/14/29 (Call 03/14/29)		40		36,835
				84,791

S C H E D U L E  O F  I N V E S T M E N T S 13

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Media — 6.5%
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.30%, 02/01/32 (Call 11/01/31)	$	10	$	7,592
3.50%, 03/01/42 (Call 09/01/41)		15		9,825
3.85%, 04/01/61 (Call 10/01/60)		33		19,137
4.20%, 03/15/28 (Call 12/15/27)		13		12,187
4.40%, 04/01/33 (Call 01/01/33)(a)		6		5,240
4.80%, 03/01/50 (Call 09/01/49)		51		36,821
5.05%, 03/30/29 (Call 12/30/28)		13		12,428
6.38%, 10/23/35 (Call 04/23/35)		15		14,534
6.48%, 10/23/45 (Call 04/23/45)		43		39,174
6.65%, 02/01/34 (Call 11/01/33)		5		5,010
Comcast Corp.
2.94%, 11/01/56 (Call 05/01/56)		15		9,226
2.99%, 11/01/63 (Call 05/01/63)		130		77,569
3.75%, 04/01/40 (Call 10/01/39)		15		12,289
4.15%, 10/15/28 (Call 07/15/28)		155		150,344
4.25%, 01/15/33		15		14,051
5.35%, 05/15/53 (Call 11/15/52)		26		25,222
7.05%, 03/15/33		35		39,308
Discovery Communications LLC
3.95%, 03/20/28 (Call 12/20/27)		55		51,386
4.00%, 09/15/55 (Call 03/15/55)		8		5,265
5.20%, 09/20/47 (Call 03/20/47)		30		24,398
Fox Corp.
4.71%, 01/25/29 (Call 10/25/28)		15		14,643
5.48%, 01/25/39 (Call 07/25/38)		10		9,278
5.58%, 01/25/49 (Call 07/25/48)		10		9,130
Paramount Global
4.38%, 03/15/43		30		20,058
4.95%, 01/15/31 (Call 10/15/30)(a)		15		13,147
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		5		5,540
Time Warner Cable LLC
5.50%, 09/01/41 (Call 03/01/41)		27		22,204
6.55%, 05/01/37		17		15,917
Walt Disney Co. (The)
2.65%, 01/13/31		50		43,445
3.60%, 01/13/51 (Call 07/13/50)		65		49,289
3.80%, 03/22/30		15		14,155
				787,812
Mining — 0.2%
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		10		8,385
6.25%, 10/01/39		10		10,553
				18,938
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp., 3.57%, 12/01/31
(Call 09/01/31)		11		9,540
Packaging & Containers — 0.0%
Berry Global Inc., 5.65%, 01/15/34 (Call 10/15/33)(c)		5		4,932
Pharmaceuticals — 10.1%
AbbVie Inc.
3.20%, 11/21/29 (Call 08/21/29)(a)		30		27,410
4.05%, 11/21/39 (Call 05/21/39)		70		61,176
4.25%, 11/21/49 (Call 05/21/49)		55		47,162
4.70%, 05/14/45 (Call 11/14/44)		25		23,034
AstraZeneca PLC, 6.45%, 09/15/37		40		44,958

Security	Par  (000)		Value
Pharmaceuticals (continued)
Becton Dickinson and Co.
2.82%, 05/20/30 (Call 02/20/30)	$	30	$	26,298
4.67%, 06/06/47 (Call 12/06/46)		10		8,833
Bristol-Myers Squibb Co.
1.45%, 11/13/30 (Call 08/13/30)		25		20,024
2.95%, 03/15/32 (Call 12/15/31)		25		21,537
3.40%, 07/26/29 (Call 04/26/29)		26		24,246
3.90%, 02/20/28 (Call 11/20/27)		15		14,476
4.25%, 10/26/49 (Call 04/26/49)		60		50,020
6.40%, 11/15/63 (Call 05/15/63)		10		11,088
Cencora Inc., 3.45%, 12/15/27 (Call 09/15/27)		25		23,679
Cigna Group (The)
4.90%, 12/15/48 (Call 06/15/48)		65		58,333
5.60%, 02/15/54 (Call 08/15/53)		10		9,814
CVS Health Corp.
1.88%, 02/28/31 (Call 11/28/30)		15		12,041
2.13%, 09/15/31 (Call 06/15/31)		20		16,125
4.78%, 03/25/38 (Call 09/25/37)		35		31,724
5.05%, 03/25/48 (Call 09/25/47)		65		57,935
5.13%, 07/20/45 (Call 01/20/45)		15		13,578
5.88%, 06/01/53 (Call 12/01/52)		15		14,931
6.00%, 06/01/63 (Call 12/01/62)		5		5,002
Eli Lilly & Co.
2.25%, 05/15/50 (Call 11/15/49)(a)		15		9,023
4.70%, 02/09/34 (Call 11/09/33)		15		14,810
4.95%, 02/27/63 (Call 08/27/62)		10		9,613
5.00%, 02/09/54 (Call 08/09/53)		15		14,745
5.10%, 02/09/64 (Call 08/09/63)		5		4,906
GlaxoSmithKline Capital Inc., 3.88%, 05/15/28		40		38,725
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29
(Call 03/01/29)		25		23,474
Johnson & Johnson, 3.70%, 03/01/46 (Call 09/01/45)		80		65,590
Merck & Co. Inc.
1.45%, 06/24/30 (Call 03/24/30)		35		28,596
2.90%, 12/10/61 (Call 06/10/61)		10		6,207
3.70%, 02/10/45 (Call 08/10/44)		60		48,565
5.00%, 05/17/53 (Call 11/17/52)		25		24,201
5.15%, 05/17/63 (Call 11/17/62)		5		4,873
Novartis Capital Corp.
2.20%, 08/14/30 (Call 05/14/30)		30		25,742
2.75%, 08/14/50 (Call 02/14/50)		25		16,594
Pfizer Inc.
2.70%, 05/28/50 (Call 11/28/49)		30		19,725
3.45%, 03/15/29 (Call 12/15/28)		15		14,093
4.13%, 12/15/46		15		12,581
7.20%, 03/15/39		35		41,563
Pfizer Investment Enterprises Pte Ltd.
4.65%, 05/19/30 (Call 03/19/30)		30		29,528
4.75%, 05/19/33 (Call 02/19/33)		75		72,977
5.30%, 05/19/53 (Call 11/19/52)		50		48,860
5.34%, 05/19/63 (Call 11/19/62)		10		9,630
Zoetis Inc., 5.60%, 11/16/32 (Call 08/16/32)		15		15,494
				1,223,539
Real Estate — 0.0%
CBRE Services Inc., 5.95%, 08/15/34 (Call 05/15/34)		5		5,052
Real Estate Investment Trusts — 1.9%
Alexandria Real Estate Equities Inc.
2.00%, 05/18/32 (Call 02/18/32)		20		15,465
3.55%, 03/15/52 (Call 09/15/51)		15		10,392

14 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
American Tower Corp.
1.88%, 10/15/30 (Call 07/15/30)	$	10	$	8,024
2.10%, 06/15/30 (Call 03/15/30)		10		8,230
3.10%, 06/15/50 (Call 12/15/49)		15		9,785
5.55%, 07/15/33 (Call 04/15/33)		10		9,972
Boston Properties LP, 2.45%, 10/01/33 (Call 07/01/33)		30		22,112
Brixmor Operating Partnership LP, 4.13%, 05/15/29
(Call 02/15/29)		10		9,356
Crown Castle Inc.
2.10%, 04/01/31 (Call 01/01/31)		15		12,014
2.90%, 04/01/41 (Call 10/01/40)		30		20,788
5.80%, 03/01/34 (Call 12/01/33)		10		10,126
Digital Realty Trust LP, 5.55%, 01/15/28 (Call 12/15/27)		20		20,212
Equinix Inc., 2.50%, 05/15/31 (Call 02/15/31)		10		8,331
Prologis LP, 4.75%, 06/15/33 (Call 03/15/33)		20		19,359
Simon Property Group LP, 2.65%, 07/15/30
(Call 04/15/30)		50		43,414
				227,580
Retail — 3.8%
AutoZone Inc., 4.00%, 04/15/30 (Call 01/15/30)		10		9,414
Dollar General Corp., 3.50%, 04/03/30 (Call 01/03/30)		15		13,564
Dollar Tree Inc., 4.20%, 05/15/28 (Call 02/15/28)		20		19,286
Home Depot Inc. (The)
2.75%, 09/15/51 (Call 03/15/51)		115		73,322
2.95%, 06/15/29 (Call 03/15/29)		45		41,035
5.88%, 12/16/36		15		15,977
Lowe’s Companies Inc.
1.70%, 09/15/28 (Call 07/15/28)		95		82,470
2.80%, 09/15/41 (Call 03/15/41)		35		24,400
4.45%, 04/01/62 (Call 10/01/61)		20		15,967
5.63%, 04/15/53 (Call 10/15/52)		15		14,846
McDonald’s Corp.
2.13%, 03/01/30 (Call 12/01/29)		25		21,377
3.63%, 09/01/49 (Call 03/01/49)		30		22,368
4.60%, 09/09/32 (Call 06/09/32)		15		14,629
4.88%, 12/09/45 (Call 06/09/45)		15		13,819
5.45%, 08/14/53 (Call 02/14/53)		5		4,975
Starbucks Corp.
3.50%, 11/15/50 (Call 05/15/50)		15		10,948
3.55%, 08/15/29 (Call 05/15/29)		42		39,432
Target Corp.
2.35%, 02/15/30 (Call 11/15/29)		10		8,722
2.95%, 01/15/52 (Call 07/15/51)		5		3,325
4.80%, 01/15/53 (Call 07/15/52)(a)		10		9,224
				459,100
Semiconductors — 4.9%
Analog Devices Inc., 2.95%, 10/01/51 (Call 04/01/51)		5		3,325
Applied Materials Inc., 4.35%, 04/01/47 (Call 10/01/46)		10		8,860
Broadcom Inc.
2.45%, 02/15/31 (Call 11/15/30)(c)		20		16,651
3.42%, 04/15/33 (Call 01/15/33)(c)		10		8,530
3.47%, 04/15/34 (Call 01/15/34)(c)		15		12,642
3.50%, 02/15/41 (Call 08/15/40)(c)		15		11,472
3.75%, 02/15/51 (Call 08/15/50)(c)		5		3,740
4.30%, 11/15/32 (Call 08/15/32)		14		12,964
4.93%, 05/15/37 (Call 02/15/37)(c)		75		69,864
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		90		78,257
2.80%, 08/12/41 (Call 02/12/41)		85		60,389
3.05%, 08/12/51 (Call 02/12/51)		35		23,124

Security	Par  (000)		Value
Semiconductors (continued)
3.73%, 12/08/47 (Call 06/08/47)	$	10	$	7,621
4.60%, 03/25/40 (Call 09/25/39)		10		9,257
5.13%, 02/10/30 (Call 12/10/29)		25		25,213
5.90%, 02/10/63 (Call 08/10/62)		21		21,807
KLA Corp., 4.95%, 07/15/52 (Call 01/15/52)		15		14,197
Lam Research Corp., 4.88%, 03/15/49 (Call 09/15/48)		5		4,703
Marvell Technology Inc., 2.95%, 04/15/31 (Call 01/15/31)		15		12,823
Micron Technology Inc.
4.66%, 02/15/30 (Call 11/15/29)		25		24,187
5.88%, 02/09/33 (Call 11/09/32)		10		10,185
NVIDIA Corp., 3.50%, 04/01/40 (Call 10/01/39)		20		16,714
NXP BV/NXP Funding LLC/NXP USA Inc., 3.25%, 05/11/41 (Call 11/11/40)		25		18,300
QUALCOMM Inc.
1.65%, 05/20/32 (Call 02/20/32)		10		7,814
3.25%, 05/20/27 (Call 02/20/27)		50		47,659
4.50%, 05/20/52 (Call 11/20/51)		10		8,829
4.80%, 05/20/45 (Call 11/20/44)		10		9,424
6.00%, 05/20/53 (Call 11/20/52)		10		10,957
Texas Instruments Inc.
3.88%, 03/15/39 (Call 09/15/38)		15		13,186
4.15%, 05/15/48 (Call 11/15/47)		20		16,928
				589,622
Software — 4.4%
Adobe Inc., 2.30%, 02/01/30 (Call 11/01/29)		10		8,733
Autodesk Inc., 2.40%, 12/15/31 (Call 09/15/31)		10		8,280
Broadridge Financial Solutions Inc., 2.90%, 12/01/29
(Call 09/01/29)		20		17,662
Fidelity National Information Services Inc., 2.25%,
03/01/31 (Call 12/01/30)(a)		20		16,733
Fiserv Inc.
4.40%, 07/01/49 (Call 01/01/49)		20		16,593
5.63%, 08/21/33 (Call 05/21/33)		12		12,110
Intuit Inc.
5.20%, 09/15/33 (Call 06/15/33)		10		10,089
5.50%, 09/15/53 (Call 03/15/53)		5		5,134
Microsoft Corp.
2.50%, 09/15/50 (Call 03/15/50)(c)		5		3,176
2.53%, 06/01/50 (Call 12/01/49)		165		106,102
Oracle Corp.
2.88%, 03/25/31 (Call 12/25/30)		25		21,552
2.95%, 04/01/30 (Call 01/01/30)		45		39,705
3.60%, 04/01/40 (Call 10/01/39)		38		29,329
3.80%, 11/15/37 (Call 05/15/37)		15		12,338
3.85%, 07/15/36 (Call 01/15/36)		15		12,612
3.85%, 04/01/60 (Call 10/01/59)		15		10,400
3.95%, 03/25/51 (Call 09/25/50)		40		29,854
4.00%, 07/15/46 (Call 01/15/46)		135		103,748
6.25%, 11/09/32 (Call 08/09/32)		15		15,843
Salesforce Inc.
1.95%, 07/15/31 (Call 04/15/31)		15		12,281
2.90%, 07/15/51 (Call 01/15/51)		20		13,280
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		15		14,276
3.80%, 04/01/32 (Call 01/01/32)		11		9,918
				529,748
Telecommunications — 7.2%
AT&T Inc.
2.55%, 12/01/33 (Call 09/01/33)		110		86,595
3.50%, 06/01/41 (Call 12/01/40)		65		49,718

S C H E D U L E  O F  I N V E S T M E N T S 15

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Telecommunications (continued)
3.55%, 09/15/55 (Call 03/15/55)	$	95	$	64,559
3.65%, 06/01/51 (Call 12/01/50)		85		61,146
3.65%, 09/15/59 (Call 03/15/59)		15		10,109
4.10%, 02/15/28 (Call 11/15/27)		20		19,280
Bell Telephone Co. of Canada or Bell Canada, 4.46%, 04/01/48 (Call 10/01/47)		15		12,706
British Telecommunications PLC, 9.63%, 12/15/30		15		18,359
Cisco Systems Inc.
5.05%, 02/26/34 (Call 11/26/33)		15		15,083
5.30%, 02/26/54 (Call 08/26/53)		15		15,195
5.90%, 02/15/39		25		26,798
Corning Inc., 4.38%, 11/15/57 (Call 05/15/57)		15		12,370
Deutsche Telekom International Finance BV, 8.75%, 06/15/30		15		17,672
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		10		8,225
4.60%, 05/23/29 (Call 02/23/29)		15		14,591
Orange SA, 5.50%, 02/06/44 (Call 08/06/43)		20		19,992
Rogers Communications Inc.
3.80%, 03/15/32 (Call 12/15/31)		10		8,888
4.35%, 05/01/49 (Call 11/01/48)		20		16,082
4.55%, 03/15/52 (Call 09/15/51)(a)		10		8,249
5.00%, 03/15/44 (Call 09/15/43)		8		7,210
Telefonica Emisiones SA, 7.05%, 06/20/36		55		60,472
TELUS Corp., 4.60%, 11/16/48 (Call 05/16/48)(a)		7		5,976
Verizon Communications Inc.
2.55%, 03/21/31 (Call 12/21/30)		30		25,301
2.99%, 10/30/56 (Call 04/30/56)		100		61,854
3.15%, 03/22/30 (Call 12/22/29)		20		17,920
3.40%, 03/22/41 (Call 09/22/40)		125		95,841
3.88%, 02/08/29 (Call 11/08/28)		20		18,999
4.33%, 09/21/28		40		38,794
4.50%, 08/10/33		15		14,137
4.86%, 08/21/46		5		4,581
Vodafone Group PLC, 4.88%, 06/19/49		37		32,066
				868,768
Toys, Games & Hobbies — 0.1%
Hasbro Inc., 3.90%, 11/19/29 (Call 08/19/29)		10		9,174
Transportation — 0.6%
FedEx Corp.
2.40%, 05/15/31 (Call 02/15/31)(a)		11		9,183
4.55%, 04/01/46 (Call 10/01/45)		37		31,498

Security	Par  (000)		Value
Transportation (continued)
United Parcel Service Inc.
3.75%, 11/15/47 (Call 05/15/47)	$	27	$	21,397
6.20%, 01/15/38		15		16,407
				78,485
Water — 0.1%
American Water Capital Corp., 3.75%, 09/01/47
(Call 03/01/47)		10		7,756
Total Long-Term Investments — 96.8% (Cost: $13,580,840)				11,728,187
	Shares
Short-Term Securities
Money Market Funds — 4.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(d)(e)(f)		268,485		268,619
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(d)(e)		290,000		290,000
Total Short-Term Securities — 4.6% (Cost: $558,479)				558,619
Total Investments — 101.4% (Cost: $14,139,319)				12,286,806
Liabilities in Excess of Other Assets — (1.4)%				(174,498	)
Net Assets — 100.0%			$	12,112,308

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

^(b)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(c)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d)  Affiliate of the Fund.

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

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

16 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Investment Grade Corporate  Bond ETF

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	580,588	$	—			$(311,857)	(a)	$	(112	)	$	—	$	268,619		268,485	$	1,923	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		120,000		170,000	(a)		—			—			—		290,000		290,000		8,257			—
									$	(112	)	$	—	$	558,619			$	10,180		$	—

^(a)  Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	11,728,187	$	—	$	11,728,187
Short-Term Securities
Money Market Funds		558,619		—		—		558,619
	$	558,619	$	11,728,187	$	—	$	12,286,806

See notes to financial statements.

S C H E D U L E   O F  I N V E S T M E N T S 17

Schedule of Investments  February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Asset-Backed Securities
American Express Credit Account Master Trust Series 2022-2, Class A, 3.39%, 05/15/27	$	1,000	$	978,666
Chase Issuance Trust, 4.60%, 01/16/29		860		854,414
Santander Drive Auto Receivables Trust
5.23%, 12/15/28		90		89,788
Series 2021-3, Class C, 0.95%, 09/15/27 (Call 06/15/25)		40		39,603
Toyota Auto Receivables Owner Trust Series 2021-B, Class A4, 0.53%, 10/15/26 (Call 07/15/25)		75		71,058
Verizon Master Trust Series 2021-1, Class A, 0.50%, 05/20/27 (Call 05/20/24)		100		98,921
World Omni Auto Receivables Trust, 4.86%, 03/15/29		280		278,648
Total Asset-Backed Securities — 0.4% (Cost: $2,444,518)				2,411,098
Collaterized Mortgage Obligations
Mortgage-Backed Securities — 0.9%
Barclays Commercial Mortgage Trust, Series 2019-C3, Class A4, 3.58%, 05/15/52 (Call 05/15/29)		100		92,382
BBCMS Mortgage Trust, Series 2021-C11, Class A5, 2.32%, 09/15/54		200		165,409
BBCMS Trust, Series 2021-C10, Class A5, 2.49%, 07/15/54 (Call 07/15/31)		460		387,847
Benchmark Mortgage Trust 4.44%, 05/15/55 (Call 05/15/32)(a)		1,000		926,155
Series 2018-B4, Class ASB, 4.06%, 07/15/51 (Call 07/15/28)(a)		891		868,368
Series 2020-B16, Class A5, 2.73%, 02/15/53 (Call 02/15/30)		100		87,199
Series 2020-B21, Class A4, 1.70%, 12/17/53 (Call 12/15/30)		100		81,471
CGMS Commercial Mortgage Trust, Series 2017-B1 AAB 3.24%, 08/15/50 (Call 08/15/27)		111		106,616
Commission Mortgage Trust, Series 2015-CR25, Class A4, 3.76%, 08/10/48 (Call 08/10/25)		1,000		970,433
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class A4, 3.51%, 04/15/50 (Call 03/15/25)		155		151,706
GS Mortgage Securities Trust, Series 2017-GS7, Class AAB, 3.20%, 08/10/50 (Call 08/10/27)		498		481,020
JPMBB Commercial Mortgage Securities Trust
Series 2014-C21, Class A5, 3.77%, 08/15/47 (Call 07/15/24)		75		74,354
Series 2015-C29, Class A4, 3.61%, 05/15/48 (Call 03/15/26)		172		167,114
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A4, 3.72%, 12/15/49 (Call 01/15/27)		100		94,577
UBS Commercial Mortgage Trust, Series 2018-C13 ASB4.24%, 10/15/51 (Call 10/15/28)		94		92,456
Wells Fargo Commercial Mortgage Trust
Series 2017-RC1, Class A4, 3.63%, 01/15/60 (Call 03/15/27)		150		142,417
Series 2021-C59, Class A5, 2.63%, 04/15/54 (Call 04/15/31)		600		506,991
				5,396,515
Total Collaterized Mortgage Obligations — 0.9% (Cost: $6,185,529)				5,396,515

Security	Par  (000)		Value
Corporate Bonds & Notes
Advertising — 0.1%
Clear Channel International BV, 6.63%, 08/01/25 (Call 03/11/24)(b)	$	20	$	19,993
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 04/01/24)(b)		70		65,467
7.50%, 06/01/29 (Call 06/01/24)(b)(c)		60		49,916
7.75%, 04/15/28 (Call 04/15/24)(b)(c)		55		47,621
9.00%, 09/15/28 (Call 09/15/25)(b)(c)		40		41,716
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)		50		41,646
3.38%, 03/01/41 (Call 09/01/40)		25		18,375
4.75%, 03/30/30 (Call 12/30/29)		68		66,133
5.40%, 10/01/48 (Call 04/01/48)		20		18,482
Omnicom Group Inc./Omnicom Capital Inc., 3.60%, 04/15/26 (Call 01/15/26)		100		96,871
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 04/01/24)(b)		27		24,250
4.63%, 03/15/30 (Call 03/15/25)(b)		30		26,742
5.00%, 08/15/27 (Call 03/11/24)(b)(c)		40		38,520
7.38%, 02/15/31 (Call 11/15/26)(b)(c)		25		26,086
				581,818
Aerospace & Defense — 0.1%
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		45		42,842
4.95%, 08/15/25 (Call 05/15/25)		39		38,489
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)		41		36,748
5.90%, 02/01/27		41		41,403
5.95%, 02/01/37(c)		35		35,739
6.75%, 01/15/28		25		26,068
6.88%, 05/01/25 (Call 04/01/25)		34		34,345
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)		40		35,114
9.38%, 11/30/29 (Call 11/30/25)(b)		55		59,485
9.75%, 11/15/30 (Call 11/15/26)(b)		65		69,642
Triumph Group Inc.
7.75%, 08/15/25 (Call 03/06/24)		25		25,000
9.00%, 03/15/28 (Call 03/15/25)(b)		70		73,130
				518,005
Agriculture — 0.0%
Darling Ingredients Inc.
5.25%, 04/15/27 (Call 03/11/24)(b)		35		34,298
6.00%, 06/15/30 (Call 06/15/25)(b)		60		59,120
				93,418
Airlines — 0.0%
Allegiant Travel Co., 7.25%, 08/15/27 (Call 08/15/24)(b)		30		29,268
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26 (Call 03/11/24)(b)		65		61,210
				90,478
Apparel — 0.1%
Crocs Inc.
4.13%, 08/15/31 (Call 08/15/26)(b)		20		17,115
4.25%, 03/15/29 (Call 04/01/24)(b)		20		18,039
Hanesbrands Inc.
4.88%, 05/15/26 (Call 02/15/26)(b)		53		51,173
9.00%, 02/15/31 (Call 02/15/26)(b)(c)		35		35,086

18 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Apparel (continued)
Kontoor Brands Inc., 4.13%, 11/15/29 (Call 11/15/24)(b)	$	25	$	22,504
Tapestry Inc.
3.05%, 03/15/32 (Call 12/15/31)		40		32,425
4.13%, 07/15/27 (Call 04/15/27)		63		59,831
7.35%, 11/27/28 (Call 10/27/28)		70		73,248
7.85%, 11/27/33 (Call 08/27/33)		75		81,147
Under Armour Inc., 3.25%, 06/15/26 (Call 03/15/26)		35		32,997
Wolverine World Wide Inc., 4.00%, 08/15/29 (Call 08/15/24)(b)		30		24,046
				447,611
Auto Manufacturers — 0.3%
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(b)		70		70,993
BMW Finance NV, 2.85%, 08/14/29 (Call 05/14/29)(b)		95		86,725
BMW U.S. Capital LLC
1.25%, 08/12/26 (Call 07/12/26)(b)		55		50,257
2.55%, 04/01/31 (Call 01/01/31)(b)		75		64,087
2.80%, 04/11/26 (Call 01/11/26)(b)		200		191,242
3.30%, 04/06/27 (Call 01/06/27)(b)		25		23,793
3.63%, 04/18/29 (Call 01/18/29)(b)		5		4,731
3.70%, 04/01/32 (Call 01/01/32)(b)		10		9,075
3.90%, 04/09/25 (Call 03/09/25)(b)		125		123,253
3.95%, 08/14/28 (Call 05/14/28)(b)(c)		50		48,063
4.15%, 04/09/30 (Call 01/09/30)(b)		85		81,622
5.15%, 08/11/33 (Call 05/11/33)(b)(c)		55		54,963
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)		22		20,637
1.50%, 09/01/30 (Call 06/01/30)		70		56,543
2.60%, 09/01/50 (Call 03/01/50)		45		28,222
4.88%, 10/01/43 (Call 04/01/43)		40		37,745
5.45%, 02/20/54 (Call 08/20/53)		65		65,340
Daimler Trucks Finance North America LLC
2.50%, 12/14/31(b)		85		69,792
3.65%, 04/07/27(b)		15		14,382
5.40%, 09/20/28(b)		150		151,728
5.60%, 08/08/25(b)		150		150,265
PACCAR Financial Corp., 1.10%, 05/11/26		60		55,309
Wabash National Corp., 4.50%, 10/15/28 (Call 10/15/24)(b)		25		22,870
				1,481,637
Auto Parts & Equipment — 0.2%
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)(c)		30		26,001
6.50%, 04/01/27 (Call 04/01/24)(c)		35		34,525
6.88%, 07/01/28 (Call 03/11/24)		25		24,143
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)		90		56,349
4.35%, 03/15/29 (Call 12/15/28)		12		11,596
4.40%, 10/01/46 (Call 04/01/46)		2		1,571
5.40%, 03/15/49 (Call 09/15/48)		25		22,668
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)		55		47,426
4.15%, 05/01/52 (Call 11/01/51)		70		53,431
BorgWarner Inc.
2.65%, 07/01/27 (Call 05/01/27)		140		129,221
4.38%, 03/15/45 (Call 09/15/44)		15		12,209
Cooper-Standard Automotive Inc., 5.63%, 05/15/27 (Call 01/31/25), (10.63% PIK)(b)(d)		22		16,321

Security	Par  (000)		Value
Auto Parts & Equipment (continued)
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 04/02/24)(b)(c)	$	12	$	11,968
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)		25		21,582
4.50%, 02/15/32 (Call 02/15/27)(c)		21		17,619
5.38%, 11/15/27 (Call 03/11/24)(c)		25		24,253
5.63%, 06/15/28 (Call 03/11/24)		25		24,220
Lear Corp.
3.50%, 05/30/30 (Call 02/28/30)		10		8,936
3.55%, 01/15/52 (Call 07/15/51)		35		23,726
3.80%, 09/15/27 (Call 06/15/27)		20		19,142
4.25%, 05/15/29 (Call 02/15/29)		45		42,820
5.25%, 05/15/49 (Call 11/15/48)		40		35,920
Magna International Inc.
2.45%, 06/15/30 (Call 03/15/30)		45		38,705
4.15%, 10/01/25 (Call 07/01/25)		87		85,398
Tenneco Inc., 8.00%, 11/17/28 (Call 11/17/24)(b)		105		95,714
				885,464
Banks — 6.7%
ABN AMRO Bank NV
2.47%, 12/13/29 (Call 12/13/28), (1-year CMT + 1.100%)(a)(b)		50		43,498
3.32%, 03/13/37 (Call 12/13/31), (5-year CMT + 1.900%)(a)(b)		50		39,716
4.80%, 04/18/26(b)		200		195,019
Agricultural Bank of China Ltd./Singapore, 1.25%, 03/02/26(e)		200		185,633
Banc of California, 3.25%, 05/01/31 (Call 05/01/26), (3-mo. SOFR + 2.520%)(a)		20		17,593
Banco de Credito del Peru SA
3.13%, 07/01/30 (Call 07/01/25), (5-year CMT + 3.000%)(a)(e)		100		95,019
3.25%, 09/30/31 (Call 09/30/26), (5-year CMT + 2.450%)(a)(c)(e)		100		91,992
Banco do Brasil SA/Cayman, 6.25%, 04/18/30(e)		200		202,993
Bangkok Bank PCL/Hong Kong, 4.45%, 09/19/28(e)		200		193,743
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26(e)		200		190,814
Bank of China Ltd., 3.50%, 04/20/27(e)		200		191,924
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25), (5-year CMT + 3.345%)(a)(e)(f)		200		193,830
Bank of Montreal 0.95%, 01/22/27 (Call 01/22/26),
(1-day SOFR + 0.603%)(a)		55		50,747
1.25%, 09/15/26		250		227,523
1.85%, 05/01/25		140		134,512
2.65%, 03/08/27		105		97,966
3.09%, 01/10/37 (Call 01/10/32), (5-year CMT + 1.400%)(a)		35		28,346
3.70%, 06/07/25		65		63,684
3.80%, 12/15/32 (Call 12/15/27), (5-year USD Swap + 1.432%)(a)		70		64,387
5.20%, 02/01/28 (Call 01/01/28)		115		115,426
5.27%, 12/11/26		50		50,120
5.92%, 09/25/25		210		212,165
Series H, 4.70%, 09/14/27 (Call 08/14/27)		85		84,147
Bank of New York Mellon Corp. (The)
1.05%, 10/15/26 (Call 09/15/26)		5		4,516
1.60%, 04/24/25 (Call 03/24/25)		107		102,791
1.65%, 07/14/28 (Call 05/14/28)		20		17,520
1.65%, 01/28/31 (Call 10/28/30)		85		68,417

S C H E D U L E  O F  I N V E S T M E N T S 19

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Banks (continued)
1.80%, 07/28/31 (Call 04/28/31)	$	50	$	40,321
2.05%, 01/26/27 (Call 12/26/26)		20		18,454
2.45%, 08/17/26 (Call 05/17/26)		96		90,256
2.80%, 05/04/26 (Call 02/04/26)		95		90,688
3.00%, 10/30/28 (Call 07/30/28)		85		77,937
3.25%, 05/16/27 (Call 02/16/27)		100		94,983
3.30%, 08/23/29 (Call 05/23/29)		115		105,507
3.40%, 01/29/28 (Call 10/29/27)		148		139,985
3.44%, 02/07/28 (Call 02/07/27), (3-mo. SOFR + 1.331%)(a)		142		135,718
3.85%, 04/28/28		122		117,671
3.95%, 11/18/25 (Call 10/18/25)		60		58,710
4.29%, 06/13/33 (Call 06/13/32), (1-day SOFR + 1.418%)(a)		100		93,373
4.97%, 04/26/34 (Call 04/26/33), (1-day SOFR + 1.606%)(a)		150		146,163
5.83%, 10/25/33 (Call 10/25/32), (1-day SOFR + 2.074%)(a)		55		57,036
Series J, 1.90%, 01/25/29 (Call 11/25/28)		45		39,384
Bank of Nova Scotia (The)
1.05%, 03/02/26		150		138,315
1.30%, 06/11/25		65		61,779
1.30%, 09/15/26 (Call 06/15/26)		70		63,711
1.35%, 06/24/26		260		238,638
1.95%, 02/02/27		50		45,890
2.15%, 08/01/31		130		106,229
2.45%, 02/02/32		35		28,711
2.70%, 08/03/26		120		113,316
3.45%, 04/11/25		30		29,376
4.50%, 12/16/25		135		132,676
4.59%, 05/04/37 (Call 02/04/32), (5-year CMT + 2.050%)(a)		105		93,982
4.75%, 02/02/26		35		34,733
Banque Federative du Credit Mutuel SA
1.60%, 10/04/26(b)		65		59,294
4.94%, 01/26/26(b)		205		203,489
BDO Unibank Inc., 2.13%, 01/13/26(e)		200		188,044
BPCE SA
1.65%, 10/06/26 (Call 10/06/25), (1-day SOFR + 1.520%)(a)(b)		165		154,194
2.70%, 10/01/29(b)		80		70,002
3.58%, 10/19/42 (Call 10/19/41), (1-day SOFR + 1.952%)(a)(b)		55		38,922
4.50%, 03/15/25(b)		200		196,329
4.88%, 04/01/26(b)		225		220,012
6.71%, 10/19/29 (Call 10/19/28), (1-day SOFR + 2.270%)		250		259,521
7.00%, 10/19/34 (Call 10/19/33), (1-day SOFR + 2.590%)(a)(b)		255		272,484
CaixaBank SA, 6.21%, 01/18/29 (Call 01/18/28), (1-day SOFR + 2.700%)(a)(b)		220		223,068
Comerica Inc., 4.00%, 02/01/29 (Call 11/03/28)		115		103,374
Cooperatieve Rabobank UA
1.34%, 06/24/26 (Call 06/24/25), (1-year CMT + 1.000%)(a)(b)		280		264,542
1.98%, 12/15/27 (Call 12/15/26), (1-year CMT + 0.730%)(a)(b)		255		231,331
5.25%, 05/24/41		171		172,770
5.25%, 08/04/45		35		33,938
5.75%, 12/01/43		65		65,240

Security	Par  (000)		Value
Banks (continued)
Cooperatieve Rabobank UA/NY
3.38%, 05/21/25	$	300	$	293,780
5.50%, 10/05/26		275		278,086
Credit Agricole SA
4.00%, 01/10/33 (Call 01/10/28), (5-year USD Swap + 1.644%)(a)(b)		270		249,074
6.32%, 10/03/29 (Call 10/03/28), (1-day SOFR + 1.860%)(a)(b)		290		299,208
Credit Agricole SA/London, 1.91%, 06/16/26 (Call 06/16/25), (1-day SOFR + 1.676%)(a)(b)		250		238,136
DBS Group Holdings Ltd., 1.82%, 03/10/31 (Call 03/10/26), (5-year CMT + 1.100%)(a)(e)		200		185,562
DIB Sukuk Ltd., 2.95%, 01/16/26(e)		200		191,082
Discover Bank, 4.65%, 09/13/28 (Call 06/13/28)		250		238,700
DNB Bank ASA
1.54%, 05/25/27 (Call 05/25/26), (1-year CMT + 0.720%)(a)(b)		200		183,258
1.61%, 03/30/28 (Call 03/30/27), (1-year CMT + 0.680%)(a)(b)		20		17,806
Dresdner Funding Trust I, 8.15%, 06/30/31 (Call 06/30/29)(b)		60		65,988
Emirates NBD Bank PJSC, 4.25%, (Call 02/27/27)(a)(e)(f)		200		184,467
First Abu Dhabi Bank PJSC, 4.50%, (Call 04/05/26), (5-year CMT + 4.138%)(a)(e)(f)		200		192,398
First Horizon Corp., 4.00%, 05/26/25 (Call 04/26/25)		135		131,413
Huntington Bancshares Inc./OH
2.49%, 08/15/36 (Call 08/15/31), (5-year CMT + 1.170%)(a)		75		56,606
2.55%, 02/04/30 (Call 11/04/29)		155		130,461
4.00%, 05/15/25 (Call 04/15/25)		135		132,558
Industrial & Commercial Bank of China Ltd., 4.88%, 09/21/25(e)		200		197,573
Industrial & Commercial Bank of China Ltd./Singapore, 1.20%, 09/09/25(e)		200		188,200
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26), (1-day SOFR + 1.005%)(a)		215		198,983
3.95%, 03/29/27		255		245,514
4.55%, 10/02/28		200		194,972
Intesa Sanpaolo SpA
4.20%, 06/01/32 (Call 06/01/31), (1-year CMT + 2.600%)(a)(b)		45		36,892
4.95%, 06/01/42 (Call 06/01/41), (1-year CMT + 2.750%)(a)(b)		50		36,032
5.71%, 01/15/26(b)		55		54,513
6.63%, 06/20/33(b)		200		202,020
8.25%, 11/21/33 (Call 11/21/32), (1-year CMT + 4.400%)(a)(b)		200		217,014
Series XR, 4.00%, 09/23/29(b)		200		181,740
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26), (5-year CMT + 1.700%)(a)(e)		200		185,386
KeyCorp
2.25%, 04/06/27		166		148,071
2.55%, 10/01/29		114		95,384
4.10%, 04/30/28		90		84,239
4.15%, 10/29/25		165		159,971
4.79%, 06/01/33 (Call 06/01/32), (1-day SOFR + 2.060%)(a)		40		36,125
Kookmin Bank, 4.50%, 02/01/29(e)		200		190,450
Korea Development Bank (The), 2.00%, 10/25/31		200		163,469

20 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Kreditanstalt fuer Wiederaufbau
0.00%, 04/18/36(g)	$	90	$	52,134
0.38%, 07/18/25		335		314,886
0.63%, 01/22/26		274		253,966
0.75%, 09/30/30		245		195,126
1.00%, 10/01/26		180		164,703
1.75%, 09/14/29		320		279,286
2.00%, 05/02/25		194		187,395
2.88%, 04/03/28		204		192,163
3.88%, 06/15/28		315		308,198
4.13%, 07/15/33		225		219,928
5.13%, 09/29/25		50		50,195
Landeskreditbank Baden-Wuerttemberg Foerderbank
1.38%, 10/12/28(e)		10		8,715
4.88%, 03/09/26(e)		30		30,018
Landwirtschaftliche Rentenbank
0.88%, 03/30/26		155		143,403
1.75%, 07/27/26		125		116,906
1.75%, 01/14/27(e)		160		148,008
2.38%, 06/10/25		120		116,113
3.88%, 06/14/28		15		14,677
5.00%, 10/24/33		65		67,925
Series 37, 2.50%, 11/15/27		125		116,630
Series 40, 0.50%, 05/27/25		136		128,669
M&T Bank Corp., 4.55%, 08/16/28 (Call 08/16/27), (1-day SOFR + 1.780%)(a)		10		9,531
Macquarie Bank Ltd.
3.05%, 03/03/36 (Call 03/03/31), (5-year CMT + 1.700%)(a)(b)		115		93,659
3.62%, 06/03/30(b)		75		65,870
4.88%, 06/10/25(b)		35		34,536
5.21%, 06/15/26(b)		190		189,599
Manufacturers & Traders Trust Co., 4.70%, 01/27/28 (Call 12/27/27)		250		240,471
Mizuho Financial Group Inc.
2.26%, 07/09/32 (Call 07/09/31), (1-year CMT + 0.900%)(a)		220		177,742
2.59%, 05/25/31 (Call 05/25/30), (3-mo. SOFR + 1.332%)(a)		220		187,150
2.65%, 05/22/26 (Call 05/22/25), (1-year CMT + 0.900%)(a)(c)		455		439,188
4.02%, 03/05/28		280		269,185
5.38%, 05/26/30 (Call 05/26/29), (1-year CMT + 1.120%)(a)		200		200,040
5.67%, 05/27/29 (Call 05/27/28), (1-year CMT + 1.500%)(a)		200		202,677
5.75%, 07/06/34 (Call 07/06/33), (1-year CMT + 1.900%)(a)		70		71,318
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25), (1-day SOFR + 0.720%)(a)		260		239,902
1.51%, 07/20/27 (Call 07/20/26), (1-day SOFR + 0.858%)(a)		259		236,881
1.59%, 05/04/27 (Call 05/04/26), (1-day SOFR + 0.879%)(a)		279		257,222
1.79%, 02/13/32 (Call 02/13/31), (1-day SOFR + 1.034%)(a)		185		146,487
1.93%, 04/28/32 (Call 04/28/31), (1-day SOFR + 1.020%)(a)		150		119,069
2.19%, 04/28/26 (Call 04/28/25), (1-day SOFR + 1.990%)(a)		120		115,486

Security	Par (000)		Value
Banks (continued)
2.24%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.178%)(a)	$	245	$	197,525
2.48%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.000%)(a)		70		64,751
2.48%, 09/16/36 (Call 09/16/31), (1-day SOFR + 1.360%)(a)		185		145,380
2.51%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.200%)(a)		151		123,671
2.70%, 01/22/31 (Call 01/22/30), (1-day SOFR + 1.143%)(a)		285		246,712
2.80%, 01/25/52 (Call 01/25/51), (1-day SOFR + 1.430%)(a)		125		80,355
2.94%, 01/21/33 (Call 01/21/32), (1-day SOFR + 1.290%)(a)		155		130,026
3.13%, 07/27/26		90		85,811
3.22%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.485%)(a)		175		131,484
3.59%, 07/22/28 (Call 07/22/27)(a)		144		136,274
3.62%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.120%)(a)		195		177,071
3.63%, 01/20/27		255		245,855
3.77%, 01/24/29 (Call 01/24/28), (3-mo. SOFR + 1.402%)(a)		240		226,831
3.88%, 01/27/26		170		165,868
3.95%, 04/23/27		215		206,933
3.97%, 07/22/38 (Call 07/22/37)(a)		30		25,574
4.00%, 07/23/25		175		172,009
4.21%, 04/20/28 (Call 04/20/27), (1-day SOFR + 1.610%)(a)		110		106,454
4.30%, 01/27/45		165		143,013
4.35%, 09/08/26		105		102,637
4.38%, 01/22/47		150		129,342
4.43%, 01/23/30 (Call 01/23/29), (3-mo. SOFR + 1.890%)(a)		225		216,061
4.68%, 07/17/26 (Call 07/17/25), (1-day SOFR + 1.669%)(a)		170		168,205
4.89%, 07/20/33 (Call 07/20/32), (1-day SOFR + 2.076%)(a)		120		115,156
5.00%, 11/24/25		175		173,965
5.16%, 04/20/29 (Call 04/20/28), (1-day SOFR + 1.590%)(a)		110		109,233
5.17%, 01/16/30 (Call 01/16/29), (1-day SOFR + 1.450%)(a)		400		397,514
5.25%, 04/21/34 (Call 04/21/33), (1-day SOFR + 1.870%)(a)		197		193,368
5.30%, 04/20/37 (Call 04/20/32), (1-day SOFR + 2.620%)(a)		165		157,789
5.42%, 07/21/34 (Call 07/21/33), (1-day SOFR + 1.880%)(a)		170		169,173
5.47%, 01/18/35 (Call 01/18/34), (1-day SOFR + 1.730%)(a)		150		149,849
5.60%, 03/24/51 (Call 03/24/50), (1-day SOFR + 4.840%)(a)		135		139,679
6.25%, 08/09/26		55		56,290
6.34%, 10/18/33 (Call 10/18/32), (1-day SOFR + 2.560%)(a)		200		211,982
6.38%, 07/24/42		128		142,192
6.63%, 11/01/34 (Call 11/01/33), (1-day SOFR + 2.050%)(a)		100		108,515
7.25%, 04/01/32		86		98,004
National Bank of Canada, 5.60%, 12/18/28		50		50,493

S C H E D U L E  O F  I N V E S T M E N T S 21

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
NBK SPC Ltd., 1.63%, 09/15/27 (Call 09/15/26), (1-day SOFR + 1.050%)(a)(e)	$	200	$	181,848
Nordea Bank Abp
0.75%, 08/28/25(b)		290		271,498
1.50%, 09/30/26(b)		105		95,251
4.63%, 09/13/33 (Call 09/13/28), (5-year USD Swap + 1.690%)(a)(b)		100		94,374
Norinchukin Bank (The), 2.08%, 09/22/31(b)		50		40,422
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)		95		80,069
3.15%, 05/03/29 (Call 02/03/29)		60		55,532
3.38%, 05/08/32 (Call 05/08/27), (3-mo. LIBOR US + 1.131%)(a)		42		38,954
3.65%, 08/03/28 (Call 05/03/28)		95		90,835
3.95%, 10/30/25		75		73,565
4.00%, 05/10/27 (Call 04/10/27)		38		36,905
NRW Bank
0.63%, 05/19/25(e)		125		118,400
0.88%, 03/09/26(e)		35		32,371
3.88%, 05/26/26(e)		20		19,610
Oesterreichische Kontrollbank AG
0.38%, 09/17/25		240		224,025
4.13%, 01/20/26		10		9,881
4.13%, 01/18/29		75		74,118
4.25%, 03/01/28		20		19,827
5.00%, 10/23/26		15		15,149
Oversea-Chinese Banking Corp. Ltd., 1.83%, 09/10/30 (Call 09/10/25), (5-year CMT + 1.580%)(a)(b)		178		167,822
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		45		40,837
2.31%, 04/23/32 (Call 04/23/31), (1-day SOFR + 0.979%)(a)		135		109,877
2.55%, 01/22/30 (Call 10/24/29)		265		227,398
2.60%, 07/23/26 (Call 05/23/26)		185		173,927
3.15%, 05/19/27 (Call 04/19/27)		75		70,589
3.45%, 04/23/29 (Call 01/23/29)		226		208,683
4.63%, 06/06/33 (Call 06/06/32), (1-day SOFR + 1.850%)(a)		30		27,791
5.07%, 01/24/34 (Call 01/24/33), (1-day SOFR + 1.933%)(a)		175		168,135
5.58%, 06/12/29 (Call 06/12/28), (1-day SOFR + 1.841%)(a)		150		150,951
5.68%, 01/22/35 (Call 01/22/34), (1-day SOFR + 1.902%)(a)		110		110,258
5.94%, 08/18/34 (Call 08/18/33), (1-day SOFR + 1.946%)(a)		20		20,364
6.04%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.140%)(a)		100		102,658
6.88%, 10/20/34 (Call 10/20/33), (1-day SOFR + 2.284%)(a)		130		140,916
QNB Finance Ltd., 2.63%, 05/12/25(e)		200		192,393
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		55		46,842
2.25%, 05/18/25 (Call 04/18/25)		145		138,841
7.38%, 12/10/37		26		29,234
Shinhan Bank Co. Ltd., 3.88%, 03/24/26(e)		200		192,561
Shinhan Financial Group Co. Ltd., 5.00%, 07/24/28(e)		200		198,132
Skandinaviska Enskilda Banken AB, 0.85%, 09/02/25(b)		215		201,427

Security	Par (000)		Value
Banks (continued)
Standard Chartered PLC
2.61%, 01/12/28 (Call 01/12/27), (1-year CMT + 1.180%)(a)(b)	$	350	$	320,291
2.68%, 06/29/32 (Call 06/29/31), (1-year CMT + 1.200%)(a)(b)		210		170,027
3.27%, 02/18/36 (Call 11/18/30), (5-year CMT + 2.300%)(a)(b)		210		173,717
3.97%, 03/30/26 (Call 03/30/25), (1-year CMT + 1.650%)(a)(b)		200		195,462
4.64%, 04/01/31 (Call 04/01/30), (1-year CMT + 3.850%)(a)(b)		200		189,324
6.30%, 01/09/29 (Call 01/09/28), (1-year CMT + 2.450%)(a)(b)		250		255,510
6.30%, 07/06/34 (Call 07/06/33), (1-year CMT + 2.580%)(a)(b)		200		205,631
State Street Corp.
2.20%, 03/03/31		145		119,873
2.40%, 01/24/30		95		83,033
2.62%, 02/07/33 (Call 02/07/32), (1-day SOFR + 1.002%)(a)		25		20,751
2.65%, 05/19/26(c)		75		71,322
2.90%, 03/30/26 (Call 03/30/25), (1-day SOFR + 2.600%)(a)		90		87,641
3.03%, 11/01/34 (Call 11/01/29), (1-day SOFR + 1.490%)(a)		25		22,052
3.15%, 03/30/31 (Call 03/30/30), (1-day SOFR + 2.650%)(a)		5		4,446
3.55%, 08/18/25		119		116,583
4.14%, 12/03/29 (Call 12/03/28), (3-mo. SOFR + 1.292%)(a)		85		81,460
4.42%, 05/13/33 (Call 05/13/32), (1-day SOFR + 1.605%)(a)		10		9,431
5.16%, 05/18/34 (Call 05/18/33), (1-day SOFR + 1.890%)(a)(c)		140		138,194
Sumitomo Mitsui Financial Group Inc.
1.47%, 07/08/25		245		232,888
1.71%, 01/12/31		125		99,509
1.90%, 09/17/28		225		195,756
2.13%, 07/08/30		90		74,811
2.14%, 09/23/30		112		91,984
2.63%, 07/14/26		75		70,803
2.93%, 09/17/41		200		148,739
3.01%, 10/19/26		145		137,275
3.20%, 09/17/29		120		107,905
3.35%, 10/18/27		103		97,149
3.36%, 07/12/27		140		132,681
3.45%, 01/11/27		55		52,673
3.54%, 01/17/28		40		37,886
3.78%, 03/09/26		175		170,219
3.94%, 07/19/28		20		19,141
4.31%, 10/16/28(c)		45		44,027
5.71%, 01/13/30		200		204,923
5.77%, 01/13/33		200		206,343
5.88%, 07/13/26		250		253,679
Sumitomo Mitsui Trust Bank Ltd.
5.55%, 09/14/28(b)		210		213,714
5.65%, 03/09/26(b)		205		206,395
Svenska Handelsbanken AB, 1.42%, 06/11/27 (Call 06/11/26), (1-year CMT + 0.630%)(a)(b)		275		249,618

22 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Truist Bank
3.30%, 05/15/26 (Call 04/15/26)	$	80	$	76,189
4.05%, 11/03/25 (Call 09/03/25)		15		14,679
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		75		65,277
1.20%, 08/05/25 (Call 07/03/25)		115		108,172
1.27%, 03/02/27 (Call 03/02/26), (1-day SOFR + 0.609%)(a)		215		197,348
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)(a)		95		81,591
1.95%, 06/05/30 (Call 03/05/30)		70		57,174
3.70%, 06/05/25 (Call 05/05/25)		210		205,377
3.88%, 03/19/29 (Call 02/16/29)		45		41,441
4.00%, 05/01/25 (Call 03/01/25)		50		49,095
4.12%, 06/06/28 (Call 06/06/27), (1-day SOFR + 1.368%)(a)		145		139,316
4.92%, 07/28/33 (Call 07/28/32), (1-day SOFR + 2.240%)(a)		80		73,514
5.44%, 01/24/30 (Call 01/24/29), (1-day SOFR + 1.620%)(a)		80		79,203
5.71%, 01/24/35 (Call 01/24/34), (1-day SOFR + 1.922%)(a)		80		79,326
5.87%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.361%)(a)		220		219,970
7.16%, 10/30/29 (Call 10/30/28), (1-day SOFR + 2.446%)(a)		160		169,379
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		35		27,741
1.45%, 05/12/25 (Call 04/11/25)		15		14,353
2.22%, 01/27/28 (Call 01/27/27), (1-day SOFR + 0.730%)(a)		125		114,492
2.49%, 11/03/36 (Call 11/03/31), (5-year CMT + 0.950%)(a)		160		123,672
2.68%, 01/27/33 (Call 01/27/32), (1-day SOFR + 1.020%)(a)		70		57,135
3.00%, 07/30/29 (Call 04/30/29)		70		61,990
3.10%, 04/27/26 (Call 03/27/26)		80		76,388
3.95%, 11/17/25 (Call 10/17/25)		10		9,783
4.65%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.230%)(a)		150		145,771
4.84%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.600%)(a)		195		183,534
4.97%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.110%)(a)		55		51,466
5.68%, 01/23/35 (Call 01/23/34), (1-day SOFR + 1.860%)(a)		100		99,776
5.78%, 06/12/29 (Call 06/12/28), (1-day SOFR + 2.020%)(a)		75		75,767
5.84%, 06/12/34 (Call 06/10/33), (1-day SOFR + 2.260%)(a)		110		110,852
5.85%, 10/21/33 (Call 10/21/32), (1-day SOFR + 2.090%)(a)		105		106,025
Series V, 2.38%, 07/22/26 (Call 06/22/26)		245		229,595
Series X, 3.15%, 04/27/27 (Call 03/27/27)		170		160,509
United Overseas Bank Ltd., 1.25%, 04/14/26(b)		30		27,707
Valley National Bancorp., 3.00%, 06/15/31 (Call 06/15/26), (3-mo. SOFR + 2.360%)(a)(c)		20		15,536
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)		70		63,597
Western Alliance Bancorp., 3.00%, 06/15/31 (Call 06/15/26), (3-mo. SOFR + 2.250%)(a)		35		30,656

Security	Par (000)		Value
Banks (continued)
Woori Bank, 0.75%, 02/01/26(e)	$	200	$	183,610
Yapi ve Kredi Bankasi A/S, 9.25%, 01/17/34, (5-year CMT + 5.278%)(a)(e)		200		206,666
				39,544,177
Beverages — 0.1%
Coca-Cola Femsa SAB de CV, 1.85%, 09/01/32 (Call 06/01/32)		150		116,755
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)		25		20,758
2.55%, 09/15/26 (Call 06/15/26)		65		60,957
3.20%, 05/01/30 (Call 02/01/30)		80		72,141
3.35%, 03/15/51 (Call 09/15/50)		45		31,285
3.43%, 06/15/27 (Call 03/15/27)		40		38,073
3.80%, 05/01/50 (Call 11/01/49)		45		34,224
3.95%, 04/15/29 (Call 02/15/29)		55		52,359
4.05%, 04/15/32 (Call 01/15/32)		55		51,015
4.42%, 12/15/46 (Call 06/15/46)		30		25,319
4.50%, 11/15/45 (Call 05/15/45)		40		34,486
4.50%, 04/15/52 (Call 10/15/51)		70		59,405
4.60%, 05/25/28 (Call 02/25/28)		5		4,925
Primo Water Holdings Inc., 4.38%, 04/30/29 (Call 04/30/24)(b)		35		31,773
				633,475
Biotechnology — 0.6%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		60		52,198
2.00%, 01/15/32 (Call 10/15/31)		135		108,236
2.20%, 02/21/27 (Call 12/21/26)		163		150,189
2.30%, 02/25/31 (Call 11/25/30)		71		59,416
2.45%, 02/21/30 (Call 11/21/29)		120		104,317
2.60%, 08/19/26 (Call 05/19/26)		102		96,273
2.77%, 09/01/53 (Call 03/01/53)		65		39,600
2.80%, 08/15/41 (Call 02/15/41)		65		46,283
3.00%, 02/22/29 (Call 12/22/28)		85		78,002
3.00%, 01/15/52 (Call 07/15/51)		20		13,368
3.13%, 05/01/25 (Call 02/01/25)		72		70,205
3.15%, 02/21/40 (Call 08/21/39)		117		87,760
3.20%, 11/02/27 (Call 08/02/27)		70		65,790
3.35%, 02/22/32 (Call 11/22/31)		25		22,108
3.38%, 02/21/50 (Call 08/21/49)		120		85,597
4.05%, 08/18/29 (Call 06/18/29)		100		95,594
4.20%, 02/22/52 (Call 08/22/51)		65		52,649
4.40%, 05/01/45 (Call 11/01/44)		120		102,426
4.40%, 02/22/62 (Call 08/22/61)		60		48,209
4.56%, 06/15/48 (Call 12/15/47)		85		73,600
4.66%, 06/15/51 (Call 12/15/50)		190		164,797
4.88%, 03/01/53 (Call 09/01/52)		50		44,863
4.95%, 10/01/41		5		4,659
5.15%, 03/02/28 (Call 02/02/28)		205		205,406
5.15%, 11/15/41 (Call 05/15/41)		52		49,506
5.25%, 03/02/30 (Call 01/02/30)		85		85,635
5.25%, 03/02/33 (Call 12/02/32)		300		299,108
5.60%, 03/02/43 (Call 09/02/42)		145		145,472
5.65%, 03/02/53 (Call 09/02/52)		225		225,114
5.75%, 03/02/63 (Call 09/02/62)		150		150,061
6.38%, 06/01/37		35		37,572
6.40%, 02/01/39		35		37,855
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		129		107,947
3.15%, 05/01/50 (Call 11/01/49)		100		66,032

S C H E D U L E  O F  I N V E S T M E N T S 23

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Biotechnology (continued)
3.25%, 02/15/51 (Call 08/15/50)	$	50	$	34,103
4.05%, 09/15/25 (Call 06/15/25)		55		53,917
5.20%, 09/15/45 (Call 03/15/45)		50		47,055
CSL Finance PLC
4.05%, 04/27/29 (Call 02/27/29)(b)		35		33,373
4.25%, 04/27/32 (Call 01/27/32)(b)		20		18,884
4.63%, 04/27/42 (Call 10/27/41)(b)		10		9,126
4.75%, 04/27/52 (Call 10/27/51)(b)		95		85,745
Illumina Inc.
2.55%, 03/23/31 (Call 12/23/30)		80		65,635
5.75%, 12/13/27 (Call 11/13/27)		15		15,108
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30 (Call 06/15/30)		80		64,583
2.80%, 09/15/50 (Call 03/15/50)		56		34,890
Royalty Pharma PLC
1.75%, 09/02/27 (Call 07/02/27)		60		53,341
2.20%, 09/02/30 (Call 06/02/30)		15		12,347
3.35%, 09/02/51 (Call 03/02/51)		110		71,434
3.55%, 09/02/50 (Call 03/02/50)		35		23,824
				3,699,212
Building Materials — 0.4%
Boise Cascade Co., 4.88%, 07/01/30 (Call 07/01/25)(b)		25		23,170
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(b)		70		61,640
5.00%, 03/01/30 (Call 03/01/25)(b)		30		28,314
6.38%, 06/15/32 (Call 06/15/27)(b)		40		40,045
Camelot Return Merger Sub Inc., 8.75%, 08/01/28 (Call 08/01/24)(b)		30		30,781
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)		39		36,243
2.70%, 02/15/31 (Call 11/15/30)		55		46,884
2.72%, 02/15/30 (Call 11/15/29)		179		156,651
3.38%, 04/05/40 (Call 10/05/39)		97		74,830
3.58%, 04/05/50 (Call 10/05/49)		125		92,112
Cornerstone Building Brands Inc., 6.13%, 01/15/29 (Call 04/01/24)(b)		20		18,021
CRH America Finance Inc.
3.95%, 04/04/28 (Call 01/04/28)(b)		55		52,950
4.40%, 05/09/47 (Call 11/09/46)(b)		10		8,623
4.50%, 04/04/48 (Call 10/04/47)(b)		11		9,681
CRH America Inc., 5.13%, 05/18/45 (Call 11/18/44)(b)		45		42,614
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)		72		65,046
4.00%, 06/15/25 (Call 03/15/25)		50		49,062
5.88%, 06/01/33 (Call 03/01/33)		40		40,630
Griffon Corp., 5.75%, 03/01/28 (Call 04/01/24)		55		53,244
James Hardie International Finance DAC, 5.00%, 01/15/28 (Call 04/02/24)(b)		25		24,102
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 04/01/24)(b)(c)		12		11,741
4.88%, 12/15/27 (Call 04/01/24)(b)		25		23,772
Knife River Corp., 7.75%, 05/01/31 (Call 05/01/26)(b)		30		31,082
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)		105		98,987
1.70%, 08/01/27 (Call 06/01/27)		67		60,051
Louisiana-Pacific Corp., 3.63%, 03/15/29 (Call 04/01/24)(b)		25		22,499
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)		42		34,894
3.20%, 07/15/51 (Call 01/15/51)		60		41,530

Security	Par (000)		Value
Building Materials (continued)
3.45%, 06/01/27 (Call 03/01/27)	$	25	$	23,842
3.50%, 12/15/27 (Call 09/15/27)		70		66,413
4.25%, 12/15/47 (Call 06/15/47)		40		33,241
Series CB, 2.50%, 03/15/30 (Call 12/15/29)		52		44,977
Masco Corp.
2.00%, 10/01/30 (Call 07/01/30)		75		61,024
2.00%, 02/15/31 (Call 11/15/30)		20		16,241
3.13%, 02/15/51 (Call 08/15/50)		10		6,660
3.50%, 11/15/27 (Call 08/15/27)		35		32,899
4.50%, 05/15/47 (Call 11/15/46)		40		33,404
Masonite International Corp.
3.50%, 02/15/30 (Call 08/15/29)(b)		25		22,085
5.38%, 02/01/28 (Call 04/01/24)(b)		30		30,019
Mohawk Industries Inc., 5.85%, 09/18/28 (Call 08/18/28)(c)		5		5,101
Owens Corning
3.40%, 08/15/26 (Call 05/15/26)		79		75,393
3.88%, 06/01/30 (Call 03/01/30)		55		50,697
3.95%, 08/15/29 (Call 05/15/29)		5		4,717
4.30%, 07/15/47 (Call 01/15/47)		45		36,875
4.40%, 01/30/48 (Call 07/30/47)		25		20,560
7.00%, 12/01/36		25		27,769
PGT Innovations Inc., 4.38%, 10/01/29 (Call 10/01/24)(b)		35		35,269
St Marys Cement Inc. Canada, 5.75%, 01/28/27 (Call 10/28/26)(b)		15		14,974
Summit Materials LLC/Summit Materials Finance Corp.
5.25%, 01/15/29 (Call 03/11/24)(b)(c)		46		44,405
6.50%, 03/15/27 (Call 03/11/24)(b)		20		20,018
7.25%, 01/15/31 (Call 01/15/27)(b)		40		41,459
Trane Technologies Financing Ltd.
3.50%, 03/21/26 (Call 01/21/26)		70		67,644
3.80%, 03/21/29 (Call 12/21/28)		68		64,280
4.50%, 03/21/49 (Call 09/21/48)		24		21,245
4.65%, 11/01/44 (Call 05/01/44)		25		22,435
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)		32		30,515
4.30%, 02/21/48 (Call 08/21/47)		17		14,622
5.75%, 06/15/43		20		20,669
Vulcan Materials Co.
3.50%, 06/01/30 (Call 03/01/30)		85		77,466
4.50%, 04/01/25 (Call 01/01/25)		50		49,468
4.50%, 06/15/47 (Call 12/15/46)		27		23,351
4.70%, 03/01/48 (Call 09/01/47)		45		40,298
				2,459,234
Chemicals — 0.7%
Air Liquide Finance SA, 3.50%, 09/27/46 (Call 03/27/46)(b)		15		11,768
Air Products and Chemicals Inc.
1.50%, 10/15/25 (Call 09/15/25)		40		37,818
1.85%, 05/15/27 (Call 03/15/27)		43		39,302
2.05%, 05/15/30 (Call 02/15/30)		44		37,411
2.70%, 05/15/40 (Call 11/15/39)		50		35,994
2.80%, 05/15/50 (Call 11/15/49)		55		36,534
4.85%, 02/08/34 (Call 11/08/33)		100		98,049
Ashland Inc.
3.38%, 09/01/31 (Call 06/01/31)(b)(c)		25		20,963
6.88%, 05/15/43 (Call 02/15/43)(c)		15		15,087
Avient Corp.
5.75%, 05/15/25 (Call 04/01/24)(b)		35		34,816

24 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
7.13%, 08/01/30 (Call 08/01/25)(b)	$	45	$	46,015
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31 (Call 11/15/26)(b)		25		26,011
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 04/01/24)(b)		40		35,562
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27 (Call 04/01/24)(b)		30		28,975
Celanese U.S. Holdings LLC
1.40%, 08/05/26 (Call 07/05/26)		40		36,222
6.17%, 07/15/27 (Call 06/15/27)		165		167,529
6.38%, 07/15/32 (Call 04/15/32)		90		92,405
6.70%, 11/15/33 (Call 08/15/33)		80		83,988
CF Industries Inc.
4.95%, 06/01/43		40		35,385
5.15%, 03/15/34		60		58,136
5.38%, 03/15/44		50		46,560
Element Solutions Inc., 3.88%, 09/01/28 (Call 04/01/24)(b)		45		40,810
FMC Corp.
3.45%, 10/01/29 (Call 07/01/29)		10		8,886
4.50%, 10/01/49 (Call 04/01/49)		35		26,014
5.65%, 05/18/33 (Call 02/18/33)(c)		50		48,407
6.38%, 05/18/53 (Call 11/18/52)		20		19,522
HB Fuller Co.
4.00%, 02/15/27 (Call 11/15/26)		20		19,074
4.25%, 10/15/28 (Call 04/01/24)		15		13,939
Ingevity Corp., 3.88%, 11/01/28 (Call 04/01/24)(b)		30		26,469
International Flavors & Fragrances Inc.
1.23%, 10/01/25 (Call 09/01/25)(b)		100		93,167
1.83%, 10/15/27 (Call 08/15/27)(b)		115		101,107
2.30%, 11/01/30 (Call 08/01/30)(b)		50		40,972
3.27%, 11/15/40 (Call 05/15/40)(b)		30		20,971
3.47%, 12/01/50 (Call 06/01/50)(b)		50		32,833
4.38%, 06/01/47 (Call 12/01/46)		40		29,891
4.45%, 09/26/28 (Call 06/26/28)		25		24,151
5.00%, 09/26/48 (Call 03/26/48)		55		46,119
Linde Inc./CT
1.10%, 08/10/30 (Call 05/10/30)		34		27,203
2.00%, 08/10/50 (Call 02/10/50)		40		22,450
3.20%, 01/30/26 (Call 10/30/25)		100		96,924
3.55%, 11/07/42 (Call 05/07/42)		25		19,965
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)		40		38,465
5.25%, 12/15/29 (Call 09/15/29)		40		38,039
5.65%, 12/01/44 (Call 06/01/44)		20		17,105
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)		60		57,653
4.88%, 11/15/41 (Call 05/15/41)		10		8,729
5.45%, 11/15/33 (Call 05/15/33)		25		24,704
5.63%, 11/15/43 (Call 05/15/43)		15		14,373
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		79		69,860
3.00%, 04/01/25 (Call 01/01/25)		20		19,453
3.95%, 05/13/50 (Call 11/13/49)		55		42,828
4.00%, 12/15/26 (Call 09/15/26)		25		24,217
4.13%, 03/15/35 (Call 09/15/34)		25		22,514
4.20%, 04/01/29 (Call 01/01/29)		80		76,852
4.90%, 06/01/43 (Call 12/01/42)		30		27,106
5.00%, 04/01/49 (Call 10/01/48)		46		41,511
5.25%, 01/15/45 (Call 07/15/44)		35		32,567

Security	Par (000)		Value
Chemicals (continued)
5.63%, 12/01/40	$	10	$	9,781
5.80%, 03/27/53 (Call 09/27/52)		30		30,030
5.88%, 12/01/36		35		35,818
OCI NV, 4.63%, 10/15/25 (Call 04/02/24)(b)		95		93,280
Orbia Advance Corp. SAB de CV, 2.88%, 05/11/31 (Call 02/11/31)(e)		200		162,239
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)		40		36,970
2.55%, 06/15/30 (Call 03/15/30)		75		64,705
3.75%, 03/15/28 (Call 12/15/27)		134		128,329
Rain Carbon Inc., 12.25%, 09/01/29 (Call 03/01/26)(b)(c)		25		25,009
Rayonier AM Products Inc., 7.63%, 01/15/26 (Call 03/18/24)(b)		30		26,723
RPM International Inc., 4.25%, 01/15/48 (Call 07/15/47)		35		28,135
SABIC Capital II BV, 4.50%, 10/10/28(e)		200		195,379
Sherwin-Williams Co. (The)
2.20%, 03/15/32 (Call 12/15/31)		25		20,228
2.30%, 05/15/30 (Call 02/15/30)		75		63,758
2.90%, 03/15/52 (Call 09/15/51)		25		16,127
2.95%, 08/15/29 (Call 05/15/29)		115		103,421
3.30%, 05/15/50 (Call 11/15/49)		40		27,992
3.45%, 08/01/25 (Call 05/01/25)		35		34,106
3.45%, 06/01/27 (Call 03/01/27)		139		132,373
3.80%, 08/15/49 (Call 02/15/49)		40		30,858
3.95%, 01/15/26 (Call 10/15/25)		20		19,572
4.50%, 06/01/47 (Call 12/01/46)		70		60,424
4.55%, 08/01/45 (Call 02/01/45)		21		18,078
Sociedad Quimica y Minera de Chile SA, 4.25%, 05/07/29 (Call 02/07/29)(e)		200		188,686
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc., 5.13%, 04/01/29 (Call 04/02/24)(b)		25		9,539
Tronox Inc., 4.63%, 03/15/29 (Call 04/01/24)(b)(c)		55		48,704
Westlake Corp.
3.38%, 08/15/61 (Call 02/15/61)		25		15,481
4.38%, 11/15/47 (Call 05/15/47)		90		73,939
Yara International ASA
3.15%, 06/04/30 (Call 03/04/30)(b)		85		73,409
3.80%, 06/06/26 (Call 03/06/26)(b)		25		23,980
4.75%, 06/01/28 (Call 03/01/28)(b)		77		74,454
7.38%, 11/14/32 (Call 08/14/32)(e)		100		109,511
				4,320,418
Commercial Services — 1.0%
ADT Security Corp. (The)
4.13%, 08/01/29 (Call 08/01/28)(b)		50		45,343
4.88%, 07/15/32(b)		40		36,251
AMN Healthcare Inc.
4.00%, 04/15/29 (Call 04/15/24)(b)		20		17,561
4.63%, 10/01/27 (Call 04/01/24)(b)		35		32,924
APi Group DE Inc.
4.13%, 07/15/29 (Call 07/15/24)(b)		21		18,907
4.75%, 10/15/29 (Call 10/15/24)(b)		20		18,624
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(b)		45		42,767
6.75%, 02/15/27 (Call 04/01/24)(b)		35		35,059
Ashtead Capital Inc.
1.50%, 08/12/26 (Call 07/12/26)(b)		20		18,116
2.45%, 08/12/31 (Call 05/12/31)(b)		30		24,167
4.00%, 05/01/28 (Call 03/11/24)(b)		30		28,105
5.95%, 10/15/33 (Call 07/15/33)(b)		200		201,067

S C H E D U L E  O F  I N V E S T M E N T S 25

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)	$	141	$	114,206
1.70%, 05/15/28 (Call 03/15/28)		72		64,101
3.38%, 09/15/25 (Call 06/15/25)		85		83,042
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)(b)(c)		30		27,161
5.38%, 03/01/29 (Call 04/01/24)(b)(c)		35		31,868
5.75%, 07/15/27 (Call 03/11/24)(b)		25		23,817
5.75%, 07/15/27 (Call 04/01/24)(b)		25		23,813
8.00%, 02/15/31 (Call 11/15/26)(b)		30		28,984
Block Financial LLC
2.50%, 07/15/28 (Call 05/15/28)		25		22,019
3.88%, 08/15/30 (Call 05/15/30)		30		27,047
5.25%, 10/01/25 (Call 07/01/25)		30		29,775
Carriage Services Inc., 4.25%, 05/15/29 (Call 05/15/24)(b)		30		26,088
Cintas Corp. No. 2
3.70%, 04/01/27 (Call 01/01/27)		140		135,595
4.00%, 05/01/32 (Call 02/01/32)		10		9,366
Deluxe Corp., 8.00%, 06/01/29 (Call 06/01/24)(b)		30		26,189
Element Fleet Management Corp., 3.85%, 06/15/25 (Call 05/15/25)(b)		52		50,592
ERAC USA Finance LLC
3.30%, 12/01/26 (Call 09/01/26)(b)		135		128,515
3.80%, 11/01/25 (Call 08/01/25)(b)		87		84,693
4.20%, 11/01/46 (Call 05/01/46)(b)		47		39,320
4.50%, 02/15/45 (Call 08/15/44)(b)		60		52,540
4.90%, 05/01/33 (Call 02/01/33)(b)		5		4,872
5.00%, 02/15/29 (Call 01/15/29)(b)		50		49,707
5.20%, 10/30/34 (Call 07/30/34)(b)		100		99,182
5.40%, 05/01/53 (Call 11/01/52)(b)		60		60,017
6.70%, 06/01/34(b)		25		27,553
7.00%, 10/15/37(b)		40		45,419
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(b)		35		31,381
3.75%, 10/01/30 (Call 10/01/25)(b)		45		39,841
4.50%, 07/01/28 (Call 04/01/24)(b)		55		52,088
Global Payments Inc.
1.20%, 03/01/26 (Call 02/01/26)		70		64,441
2.15%, 01/15/27 (Call 12/15/26)		85		78,009
2.90%, 05/15/30 (Call 02/15/30)		60		51,685
2.90%, 11/15/31 (Call 08/15/31)		60		50,066
3.20%, 08/15/29 (Call 05/15/29)		110		98,040
4.80%, 04/01/26 (Call 01/01/26)		45		44,404
5.95%, 08/15/52 (Call 02/15/52)		80		78,628
GXO Logistics Inc.
1.65%, 07/15/26 (Call 06/15/26)		75		68,771
2.65%, 07/15/31 (Call 04/15/31)		45		36,550
Herc Holdings Inc., 5.50%, 07/15/27 (Call 04/01/24)(b)		71		69,506
Hertz Corp. (The)
4.63%, 12/01/26 (Call 04/01/24)(b)		25		22,139
5.00%, 12/01/29 (Call 12/01/24)(b)(c)		55		42,174
Korn Ferry, 4.63%, 12/15/27 (Call 04/01/24)(b)		30		28,401
Matthews International Corp., 5.25%, 12/01/25 (Call 04/01/24)(b)		21		20,636
Mobius Merger Sub Inc., 9.00%, 06/01/30 (Call 06/01/26)(b)		30		29,383
Moody’s Corp.
2.00%, 08/19/31 (Call 05/19/31)(c)		40		32,339
3.10%, 11/29/61 (Call 05/29/61)		25		15,993
3.25%, 01/15/28 (Call 10/15/27)		12		11,290

Security	Par (000)		Value
Commercial Services (continued)
3.25%, 05/20/50 (Call 11/20/49)	$	30	$	21,264
3.75%, 03/24/25 (Call 02/24/25)		40		39,329
3.75%, 02/25/52 (Call 08/25/51)		25		19,347
4.25%, 02/01/29 (Call 11/01/28)		52		50,369
4.88%, 12/17/48 (Call 06/17/48)		29		26,754
5.25%, 07/15/44		45		44,021
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		79		75,637
2.30%, 06/01/30 (Call 03/01/30)		75		63,799
2.65%, 10/01/26 (Call 08/01/26)		95		89,580
2.85%, 10/01/29 (Call 07/01/29)		124		110,576
3.25%, 06/01/50 (Call 12/01/49)(c)		72		50,087
4.40%, 06/01/32 (Call 03/01/32)(c)		60		57,551
5.05%, 06/01/52 (Call 12/01/51)		40		37,533
5.25%, 06/01/62 (Call 12/01/61)		45		41,889
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(b)		60		54,965
5.75%, 04/15/26(b)		75		74,448
6.25%, 01/15/28 (Call 04/01/24)(b)		70		69,062
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)		90		72,042
2.90%, 10/01/30 (Call 07/01/30)		51		44,217
3.05%, 10/01/41 (Call 04/01/41)		40		28,106
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		95		84,814
4.00%, 03/18/29 (Call 12/18/28)		60		57,304
RR Donnelley & Sons Co., 8.50%, 04/15/29(b)		26		18,623
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)		44		35,110
2.30%, 08/15/60 (Call 02/15/60)		50		27,015
2.45%, 03/01/27 (Call 02/01/27)		75		69,912
2.50%, 12/01/29 (Call 09/01/29)		25		22,028
2.70%, 03/01/29 (Call 01/01/29)		105		94,959
2.90%, 03/01/32 (Call 12/01/31)		65		55,975
2.95%, 01/22/27 (Call 10/22/26)		22		20,846
3.25%, 12/01/49 (Call 06/01/49)		50		35,621
3.70%, 03/01/52 (Call 09/01/51)		50		38,661
3.90%, 03/01/62 (Call 09/01/61)		30		23,348
4.25%, 05/01/29 (Call 02/01/29)		95		92,119
4.75%, 08/01/28 (Call 05/01/28)		70		69,720
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)		45		38,643
4.00%, 05/15/31 (Call 05/15/26)		45		39,543
4.63%, 12/15/27 (Call 04/01/24)		30		28,756
5.13%, 06/01/29 (Call 06/01/24)		40		38,802
7.50%, 04/01/27		15		15,491
Sodexo Inc.
1.63%, 04/16/26 (Call 03/16/26)(b)		145		133,941
2.72%, 04/16/31 (Call 01/16/31)(b)		10		8,418
Sotheby’s, 7.38%, 10/15/27 (Call 03/11/24)(b)		45		43,261
Sotheby’s/Bidfair Holdings Inc., 5.88%, 06/01/29 (Call 06/01/24)(b)		20		17,484
Transurban Finance Co. Pty. Ltd.
2.45%, 03/16/31 (Call 12/16/30)(b)		47		38,872
3.38%, 03/22/27 (Call 12/22/26)(b)		55		51,802
4.13%, 02/02/26 (Call 11/02/25)(b)		47		45,784
TriNet Group Inc.
3.50%, 03/01/29 (Call 04/01/24)(b)		30		26,708
7.13%, 08/15/31 (Call 08/15/26)(b)		25		25,540

26 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
Triton Container International Ltd.
2.05%, 04/15/26 (Call 03/15/26)(b)	$	57	$	52,241
3.15%, 06/15/31 (Call 03/15/31)(b)		50		39,380
Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 (Call 12/15/31)		35		27,854
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)		45		38,958
3.88%, 11/15/27 (Call 03/11/24)		41		38,618
3.88%, 02/15/31 (Call 08/15/25)		55		48,708
4.00%, 07/15/30 (Call 07/15/25)		40		36,155
4.88%, 01/15/28 (Call 03/11/24)		85		82,020
5.25%, 01/15/30 (Call 01/15/25)(c)		45		43,570
5.50%, 05/15/27 (Call 04/01/24)		34		33,807
Valvoline Inc., 3.63%, 06/15/31 (Call 06/15/26)(b)		30		25,444
Verisk Analytics Inc.
3.63%, 05/15/50 (Call 11/15/49)		40		29,290
4.00%, 06/15/25 (Call 03/15/25)		80		78,588
4.13%, 03/15/29 (Call 12/15/28)		50		47,980
5.50%, 06/15/45 (Call 12/15/44)		17		16,217
5.75%, 04/01/33 (Call 01/01/33)		5		5,165
Williams Scotsman Inc.
4.63%, 08/15/28 (Call 04/01/24)(b)		30		28,173
6.13%, 06/15/25 (Call 03/18/24)(b)		33		32,952
7.38%, 10/01/31 (Call 10/01/26)(b)		25		25,899
WW International Inc., 4.50%, 04/15/29 (Call 04/15/24)(b)(c)		30		13,853
				5,914,685
Computers — 0.3%
ASGN Inc., 4.63%, 05/15/28 (Call 04/01/24)(b)		35		32,822
Booz Allen Hamilton Inc.
3.88%, 09/01/28 (Call 04/01/24)(b)		50		46,463
4.00%, 07/01/29 (Call 07/01/24)(b)		35		32,333
CGI Inc.
1.45%, 09/14/26 (Call 08/14/26)		70		63,477
2.30%, 09/14/31 (Call 06/14/31)		50		39,996
Crowdstrike Holdings Inc., 3.00%, 02/15/29 (Call 03/11/24)		40		35,300
DXC Technology Co.
1.80%, 09/15/26 (Call 08/15/26)		40		36,319
2.38%, 09/15/28 (Call 07/15/28)		55		47,418
Fortinet Inc.
1.00%, 03/15/26 (Call 02/15/26)		42		38,539
2.20%, 03/15/31 (Call 12/15/30)		42		34,732
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)		110		102,237
4.90%, 10/15/25 (Call 07/15/25)		104		103,331
6.20%, 10/15/35 (Call 04/15/35)		50		52,203
6.35%, 10/15/45 (Call 04/15/45)		60		62,021
Kyndryl Holdings Inc.
2.05%, 10/15/26 (Call 09/15/26)		40		36,537
4.10%, 10/15/41 (Call 04/15/41)		30		22,441
NCR Voyix Corp.
5.00%, 10/01/28 (Call 04/01/24)(b)		35		32,482
5.13%, 04/15/29 (Call 04/15/24)(b)		65		60,133
5.25%, 10/01/30 (Call 10/01/25)(b)		27		24,410
NetApp Inc.
1.88%, 06/22/25 (Call 05/22/25)		61		58,163
2.70%, 06/22/30 (Call 03/22/30)		77		66,017
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)		30		27,382
4.13%, 01/15/31 (Call 10/15/30)		15		13,171

Security	Par (000)		Value
Computers (continued)
4.88%, 06/01/27 (Call 03/01/27)	$	30	$	29,083
5.75%, 12/01/34 (Call 06/01/34)		25		23,964
8.25%, 12/15/29 (Call 07/15/26)(b)		30		32,093
8.50%, 07/15/31 (Call 07/15/26)(b)		30		32,396
9.63%, 12/01/32 (Call 12/01/27)		46		52,214
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30)		57		48,150
Unisys Corp., 6.88%, 11/01/27 (Call 04/01/24)(b)		30		26,944
Virtusa Corp., 7.13%, 12/15/28 (Call 04/01/24)(b)		21		18,633
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		55		46,348
3.10%, 02/01/32 (Call 11/01/31)		45		35,080
4.75%, 02/15/26 (Call 11/15/25)		130		127,164
				1,539,996
Cosmetics & Personal Care — 0.1%
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)(b)		30		27,339
5.50%, 06/01/28 (Call 04/01/24)(b)		40		39,051
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)		25		20,494
2.38%, 12/01/29 (Call 09/01/29)		64		55,920
2.60%, 04/15/30 (Call 01/15/30)		85		74,380
3.13%, 12/01/49 (Call 06/01/49)		25		17,044
3.15%, 03/15/27 (Call 12/15/26)		68		64,772
4.15%, 03/15/47 (Call 09/15/46)		35		28,882
4.38%, 06/15/45 (Call 12/15/44)		35		30,081
6.00%, 05/15/37		15		15,985
Kenvue Inc.
5.05%, 03/22/28 (Call 02/22/28)		205		206,285
5.05%, 03/22/53 (Call 09/22/52)		210		202,100
				782,333
Distribution & Wholesale — 0.1%
Ferguson Finance PLC
3.25%, 06/02/30 (Call 03/02/30)(b)		30		26,765
4.50%, 10/24/28 (Call 07/24/28)(b)		45		43,823
4.65%, 04/20/32 (Call 01/20/32)(b)		50		47,667
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 04/01/24)(b)		70		63,125
LKQ Corp.
5.75%, 06/15/28 (Call 05/15/28)		50		50,504
6.25%, 06/15/33 (Call 03/15/33)		40		41,116
OPENLANE Inc., 5.13%, 06/01/25 (Call 04/01/24)(b)(c)		12		11,814
Resideo Funding Inc., 4.00%, 09/01/29 (Call 09/01/24)(b)		20		17,686
Ritchie Bros Holdings Inc.
6.75%, 03/15/28 (Call 03/15/25)(b)		30		30,701
7.75%, 03/15/31 (Call 03/15/26)(b)		45		47,280
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		55		44,139
4.20%, 05/15/47 (Call 11/15/46)		35		30,062
4.60%, 06/15/45 (Call 12/15/44)		37		33,685
				488,367
Diversified Financial Services — 2.5%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.00%, 10/29/28 (Call 08/29/28)		175		157,238
3.30%, 01/30/32 (Call 10/30/31)		370		313,121
3.40%, 10/29/33 (Call 07/29/33)		155		128,940
3.65%, 07/21/27 (Call 04/21/27)		135		127,095
3.85%, 10/29/41 (Call 04/29/41)		150		115,956
3.88%, 01/23/28 (Call 10/23/27)		155		145,951

S C H E D U L E  O F  I N V E S T M E N T S 27

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.45%, 10/01/25 (Call 08/01/25)	$	200	$	196,165
Affiliated Managers Group Inc.
3.30%, 06/15/30 (Call 03/15/30)		55		48,400
3.50%, 08/01/25		35		34,040
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)		105		96,429
2.10%, 09/01/28 (Call 07/01/28)		45		39,079
2.88%, 01/15/26 (Call 12/15/25)		150		143,094
2.88%, 01/15/32 (Call 10/15/31)		55		45,637
3.00%, 02/01/30 (Call 11/01/29)		70		60,848
3.13%, 12/01/30 (Call 09/01/30)		40		34,440
3.25%, 03/01/25 (Call 01/01/25)		55		53,700
3.25%, 10/01/29 (Call 07/01/29)		50		44,566
3.38%, 07/01/25 (Call 06/01/25)		80		77,731
3.75%, 06/01/26 (Call 04/01/26)		35		33,729
4.63%, 10/01/28 (Call 07/01/28)		50		48,295
Aircastle Ltd.
2.85%, 01/26/28 (Call 11/26/27)(b)		70		62,254
6.50%, 07/18/28 (Call 06/18/28)(b)		15		15,161
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		60		50,970
4.75%, 06/09/27 (Call 05/09/27)		40		38,839
5.75%, 11/20/25 (Call 10/21/25)		60		59,676
6.70%, 02/14/33 (Call 11/16/32)		25		24,643
6.85%, 01/03/30 (Call 01/03/29), (1-day SOFR + 2.282%)(a)		10		10,220
8.00%, 11/01/31		225		246,511
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)		95		86,859
2.25%, 03/04/25 (Call 02/01/25)		25		24,210
2.55%, 03/04/27 (Call 02/01/27)		135		125,420
3.13%, 05/20/26 (Call 04/20/26)		125		119,961
3.30%, 05/03/27 (Call 04/03/27)		144		136,515
4.05%, 05/03/29 (Call 03/03/29)		140		135,308
4.05%, 12/03/42		125		107,524
4.20%, 11/06/25 (Call 10/06/25)		135		133,166
4.42%, 08/03/33 (Call 08/03/32), (1-day SOFR + 1.760%)(a)		130		123,158
4.99%, 05/26/33 (Call 02/26/32), (1-day SOFR + 2.255%)(a)		65		63,225
5.04%, 05/01/34 (Call 05/01/33), (1-day SOFR + 1.835%)(a)		110		107,890
5.28%, 07/27/29 (Call 07/27/28), (1-day SOFR + 1.280%)(a)		170		170,972
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27)		30		28,432
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		90		85,383
3.00%, 04/02/25 (Call 03/02/25)		82		79,848
4.50%, 05/13/32 (Call 02/13/32)		45		43,174
Apollo Global Management Inc., 6.38%, 11/15/33 (Call 08/15/33)		30		32,194
Aviation Capital Group LLC
1.95%, 01/30/26 (Call 12/30/25)(b)		55		51,125
1.95%, 09/20/26 (Call 08/20/26)(b)		55		50,046
3.50%, 11/01/27 (Call 07/01/27)(b)		80		73,827
4.13%, 08/01/25 (Call 06/01/25)(b)		80		77,742
4.88%, 10/01/25 (Call 07/01/25)(b)		61		59,763
6.75%, 10/25/28 (Call 09/25/28)(b)		5		5,182
Avolon Holdings Funding Ltd.
2.13%, 02/21/26 (Call 01/21/26)(b)		100		92,695

Security	Par (000)		Value
Diversified Financial Services (continued)
2.53%, 11/18/27 (Call 10/18/27)(b)	$	30	$	26,532
4.25%, 04/15/26 (Call 03/15/26)(b)		70		67,486
6.38%, 05/04/28 (Call 04/04/28)(b)		205		208,123
BOC Aviation Ltd., 1.75%, 01/21/26 (Call 12/21/25)(e)		200		186,857
Bread Financial Holdings Inc., 9.75%, 03/15/29 (Call 03/15/26)(b)		50		51,158
Burford Capital Global Finance LLC, 9.25%, 07/01/31 (Call 07/01/26)(b)		20		20,993
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26), (1-day SOFR + 0.855%)(a)		45		40,831
2.36%, 07/29/32 (Call 07/29/31), (1-day SOFR + 1.337%)(a)		110		82,888
2.64%, 03/03/26 (Call 03/03/25), (1-day SOFR + 1.290%)(a)		120		116,401
3.27%, 03/01/30 (Call 03/01/29), (1-day SOFR + 1.790%)(a)		115		102,467
3.75%, 07/28/26 (Call 06/28/26)		10		9,597
3.80%, 01/31/28 (Call 12/31/27)		105		99,227
4.93%, 05/10/28 (Call 05/10/27), (1-day SOFR + 2.057%)(a)		120		117,381
4.99%, 07/24/26 (Call 07/24/25), (1-day SOFR + 2.160%)(a)		210		208,044
5.27%, 05/10/33 (Call 05/10/32), (1-day SOFR + 2.370%)(a)		125		121,233
5.47%, 02/01/29 (Call 02/01/28), (1-day SOFR + 2.080%)(a)		45		44,704
5.70%, 02/01/30 (Call 02/01/29), (1-day SOFR + 1.905%)(a)		60		60,113
5.82%, 02/01/34 (Call 02/01/33), (1-day SOFR + 2.600%)(a)		35		34,589
6.31%, 06/08/29 (Call 06/08/28), (1-day SOFR + 2.640%)(a)		90		92,173
6.38%, 06/08/34 (Call 06/08/33), (1-day SOFR + 2.860%)(a)		130		133,906
7.15%, 10/29/27 (Call 10/29/26), (1-day SOFR + 2.440%)(a)		80		82,939
7.62%, 10/30/31 (Call 10/30/30), (1-day SOFR + 3.070%)(a)		50		54,719
Cboe Global Markets Inc.
3.00%, 03/16/32 (Call 12/16/31)		15		12,973
3.65%, 01/12/27 (Call 10/12/26)		65		62,902
CCBL Cayman 1 Corp. Ltd., 1.60%, 09/15/26 (Call 08/15/26)(e)		200		182,149
CDBL Funding 2, 2.75%, 03/02/25(e)		200		194,616
Charles Schwab Corp. (The)
0.90%, 03/11/26 (Call 02/11/26)		30		27,509
1.15%, 05/13/26 (Call 04/13/26)		60		55,048
1.65%, 03/11/31 (Call 12/11/30)		100		79,144
1.95%, 12/01/31 (Call 09/01/31)		65		51,594
2.00%, 03/20/28 (Call 01/20/28)		85		75,355
2.30%, 05/13/31 (Call 02/13/31)		35		28,971
2.75%, 10/01/29 (Call 07/01/29)		65		57,664
2.90%, 03/03/32 (Call 12/03/31)		40		33,857
3.20%, 03/02/27 (Call 12/02/26)		55		52,193
3.20%, 01/25/28 (Call 10/25/27)		100		93,622
3.25%, 05/22/29 (Call 02/22/29)		40		36,873
3.30%, 04/01/27 (Call 01/01/27)		25		23,749
3.45%, 02/13/26 (Call 11/13/25)		35		33,878
3.85%, 05/21/25 (Call 03/21/25)		80		78,504
4.00%, 02/01/29 (Call 11/01/28)(c)		25		23,973

28 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.20%, 03/24/25 (Call 02/24/25)	$	85	$	84,058
4.63%, 03/22/30 (Call 12/22/29)(c)		75		74,034
6.14%, 08/24/34 (Call 08/24/33), (1-day SOFR + 2.010%)(a)		100		103,725
6.20%, 11/17/29 (Call 11/17/28), (1-day SOFR + 1.878%)(a)		100		103,271
CICC Hong Kong Finance 2016 MTN Ltd., 2.00%, 01/26/26(e)		200		188,223
CME Group Inc.
3.00%, 03/15/25 (Call 12/15/24)		65		63,508
3.75%, 06/15/28 (Call 03/15/28)		85		82,003
4.15%, 06/15/48 (Call 12/15/47)		30		25,753
5.30%, 09/15/43 (Call 03/15/43)		50		50,609
Discover Financial Services
4.10%, 02/09/27 (Call 11/09/26)		85		81,692
4.50%, 01/30/26 (Call 11/30/25)		70		68,783
6.70%, 11/29/32 (Call 08/29/32)		35		36,625
7.96%, 11/02/34 (Call 11/02/33), (1-day SOFR + 3.370%)(a)		60		67,241
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		20		19,036
Franklin Resources Inc.
1.60%, 10/30/30 (Call 07/30/30)		60		48,393
2.85%, 03/30/25		50		48,712
2.95%, 08/12/51 (Call 02/12/51)		25		15,361
goeasy Ltd.
4.38%, 05/01/26 (Call 03/11/24)(b)		20		19,129
7.63%, 07/01/29 (Call 07/01/26)(b)		25		24,988
9.25%, 12/01/28 (Call 12/01/25)(b)		25		26,537
ICBCIL Finance Co. Ltd., 1.75%, 08/25/25(e)		200		189,185
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		130		100,329
2.10%, 06/15/30 (Call 03/15/30)		40		33,558
2.65%, 09/15/40 (Call 03/15/40)		132		93,499
3.00%, 06/15/50 (Call 12/15/49)		60		40,240
3.00%, 09/15/60 (Call 03/15/60)		105		65,047
3.10%, 09/15/27 (Call 06/15/27)		89		83,575
3.65%, 05/23/25		60		58,827
3.75%, 12/01/25 (Call 09/01/25)		85		82,885
3.75%, 09/21/28 (Call 06/21/28)(c)		35		33,405
4.00%, 09/15/27 (Call 08/15/27)		105		101,397
4.25%, 09/21/48 (Call 03/21/48)		22		18,620
4.60%, 03/15/33 (Call 12/15/32)		115		109,930
4.95%, 06/15/52 (Call 12/15/51)		50		46,668
5.20%, 06/15/62 (Call 12/15/61)		70		67,271
Legg Mason Inc.
4.75%, 03/15/26		75		74,473
5.63%, 01/15/44		34		34,065
LPL Holdings Inc.
4.00%, 03/15/29 (Call 04/01/24)(b)		55		50,438
4.38%, 05/15/31 (Call 05/15/26)(b)		25		22,559
4.63%, 11/15/27 (Call 03/05/24)(b)		35		33,498
LSEGA Financing PLC
1.38%, 04/06/26 (Call 03/06/26)(b)		30		27,679
2.00%, 04/06/28 (Call 02/06/28)(b)		240		213,099
2.50%, 04/06/31 (Call 01/06/31)(b)		25		21,000
3.20%, 04/06/41 (Call 10/06/40)(b)		20		14,982
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		37		30,695
2.00%, 03/03/25 (Call 02/03/25)		65		62,997
2.00%, 11/18/31 (Call 08/18/31)		25		20,509
2.95%, 11/21/26 (Call 08/21/26)		74		70,584

Security	Par (000)		Value
Diversified Financial Services (continued)
2.95%, 06/01/29 (Call 03/01/29)	$	94	$	86,297
2.95%, 03/15/51 (Call 09/15/50)		30		20,780
3.30%, 03/26/27 (Call 01/26/27)		87		83,368
3.35%, 03/26/30 (Call 12/26/29)		64		59,095
3.50%, 02/26/28 (Call 11/26/27)		40		38,400
3.65%, 06/01/49 (Call 12/01/48)		55		43,730
3.80%, 11/21/46 (Call 05/21/46)		44		36,330
3.85%, 03/26/50 (Call 09/26/49)		69		56,968
3.95%, 02/26/48 (Call 08/26/47)		52		43,947
Mitsubishi HC Capital Inc.
3.64%, 04/13/25 (Call 03/13/25)(b)		10		9,756
3.97%, 04/13/30 (Call 01/13/30)(b)		10		9,209
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)		50		39,819
2.50%, 12/21/40 (Call 06/21/40)		55		36,394
3.25%, 04/28/50 (Call 10/28/49)		40		27,199
3.85%, 06/30/26 (Call 03/30/26)		80		77,639
3.95%, 03/07/52 (Call 09/07/51)		100		75,973
5.55%, 02/15/34 (Call 11/15/33)		100		100,652
5.65%, 06/28/25		10		10,032
OneMain Finance Corp.
3.50%, 01/15/27 (Call 04/01/24)		35		32,139
3.88%, 09/15/28 (Call 09/15/24)		35		30,580
4.00%, 09/15/30 (Call 09/15/25)		50		42,142
5.38%, 11/15/29 (Call 05/15/29)		40		37,124
6.63%, 01/15/28 (Call 07/15/27)		45		44,772
6.88%, 03/15/25		70		70,695
7.13%, 03/15/26		90		91,428
7.88%, 03/15/30 (Call 12/15/26)		30		30,517
9.00%, 01/15/29 (Call 07/15/25)		50		52,505
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 04/01/24)(b)		40		36,038
5.38%, 10/15/25 (Call 04/01/24)(b)		35		34,470
5.75%, 09/15/31 (Call 09/15/26)(b)		30		27,585
7.88%, 12/15/29 (Call 12/15/26)(b)		35		35,801
Pioneer Reward Ltd., 2.00%, 04/09/26(e)		200		187,368
PRA Group Inc.
5.00%, 10/01/29 (Call 10/01/24)(b)(c)		20		16,739
7.38%, 09/01/25 (Call 04/01/24)(b)		20		19,957
8.38%, 02/01/28 (Call 02/01/25)(b)		25		24,436
Radian Group Inc.
4.88%, 03/15/27 (Call 09/15/26)		42		40,788
6.63%, 03/15/25 (Call 09/15/24)		60		60,096
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		25		18,517
4.65%, 04/01/30 (Call 01/01/30)		50		49,407
4.95%, 07/15/46		55		50,524
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 04/01/24)(b)		65		59,735
3.63%, 03/01/29 (Call 04/01/24)(b)		40		35,519
3.88%, 03/01/31 (Call 03/01/26)(b)		70		60,077
4.00%, 10/15/33 (Call 10/15/27)(b)		50		41,533
Shinhan Card Co. Ltd., 2.50%, 01/27/27(e)		200		183,990
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)		30		27,638
4.20%, 10/29/25 (Call 09/29/25)		30		29,102
State Elite Global Ltd., 1.50%, 09/29/26(e)		200		182,562
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		80		62,741
3.70%, 08/04/26 (Call 05/04/26)		20		18,874
3.95%, 12/01/27 (Call 09/01/27)		95		87,992

S C H E D U L E  O F  I N V E S T M E N T S 29

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.50%, 07/23/25 (Call 04/23/25)	$	120	$	117,282
5.15%, 03/19/29 (Call 12/19/28)		74		70,592
7.25%, 02/02/33 (Call 11/02/32)		40		38,994
Visa Inc.
0.75%, 08/15/27 (Call 06/15/27)		110		96,588
1.10%, 02/15/31 (Call 11/15/30)		95		75,068
1.90%, 04/15/27 (Call 02/15/27)		47		43,275
2.00%, 08/15/50 (Call 02/15/50)		115		66,855
2.05%, 04/15/30 (Call 01/15/30)		72		61,754
2.70%, 04/15/40 (Call 10/15/39)		65		48,100
2.75%, 09/15/27 (Call 06/15/27)		30		28,097
3.15%, 12/14/25 (Call 09/14/25)		145		140,637
3.65%, 09/15/47 (Call 03/15/47)		45		35,812
4.15%, 12/14/35 (Call 06/14/35)		65		60,929
4.30%, 12/14/45 (Call 06/14/45)		200		178,262
Voya Financial Inc.
3.65%, 06/15/26		44		42,303
4.70%, 01/23/48 (Call 01/23/28), (3-mo. LIBOR US + 2.084%)(a)		40		33,625
4.80%, 06/15/46		25		21,239
5.70%, 07/15/43		30		29,068
Western Union Co. (The)
1.35%, 03/15/26 (Call 02/15/26)		60		55,227
2.75%, 03/15/31 (Call 12/15/30)		30		24,725
6.20%, 11/17/36		35		35,254
				14,648,642
Electric — 0.5%
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)		35		24,111
3.80%, 10/01/47 (Call 04/01/47)		40		29,650
4.70%, 05/15/32 (Call 02/15/32)		60		57,171
American Transmission Systems Inc.
2.65%, 01/15/32 (Call 10/15/31)(b)		60		49,257
5.00%, 09/01/44 (Call 03/01/44)(b)		45		40,175
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)		55		42,845
3.95%, 03/01/48 (Call 09/01/47)		45		36,331
4.50%, 04/01/44 (Call 10/01/43)		30		26,488
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		35		29,508
Series AD, 2.90%, 07/01/50 (Call 01/01/50)		45		29,579
Series AE, 2.35%, 04/01/31 (Call 01/01/31)		65		54,607
Series AF, 3.35%, 04/01/51 (Call 10/01/50)		90		64,690
Series AG, 3.00%, 03/01/32 (Call 12/01/31)		30		25,941
Series ai., 4.45%, 10/01/32 (Call 07/01/32)		10		9,521
Series K2, 6.95%, 03/15/33		10		11,280
Cleveland Electric Illuminating Co. (The), 4.55%, 11/15/30 (Call 08/15/30)(b)		35		32,628
Commonwealth Edison Co.
3.70%, 03/01/45 (Call 09/01/44)		5		3,895
4.00%, 03/01/48 (Call 09/01/47)		95		75,910
5.30%, 02/01/53 (Call 08/01/52)		65		63,010
5.90%, 03/15/36		195		203,935
Series 130, 3.13%, 03/15/51 (Call 09/15/50)		45		30,111
Series 133, 3.85%, 03/15/52 (Call 09/15/51)		60		46,149
Duke Energy Florida Project Finance LLC, Series 2035, 3.11%, 09/01/38(c)		25		20,594
FirstEnergy Transmission LLC
2.87%, 09/15/28 (Call 07/15/28)(b)		40		36,125
4.55%, 04/01/49 (Call 10/01/48)(b)		40		33,119
5.45%, 07/15/44 (Call 01/15/44)(b)		40		37,603

Security	Par (000)		Value
Electric (continued)
ITC Holdings Corp.
2.95%, 05/14/30 (Call 02/14/30)(b)	$	56	$	48,862
3.25%, 06/30/26 (Call 03/30/26)		50		47,754
3.35%, 11/15/27 (Call 08/15/27)		35		32,830
5.30%, 07/01/43 (Call 01/01/43)		20		18,719
Jersey Central Power & Light Co., 2.75%, 03/01/32 (Call 12/01/31)(b)		30		24,769
Metropolitan Edison Co., 4.30%, 01/15/29 (Call 10/15/28)(b)		30		28,805
Mid-Atlantic Interstate Transmission LLC, 4.10%, 05/15/28 (Call 02/15/28)(b)		45		43,109
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26 (Call 05/15/26)		15		13,689
3.40%, 02/07/28 (Call 11/07/27)		50		47,230
4.02%, 11/01/32 (Call 05/01/32)		50		45,999
4.30%, 03/15/49 (Call 09/15/48)		31		25,750
4.40%, 11/01/48 (Call 05/01/48)		25		21,069
4.80%, 03/15/28 (Call 02/15/28)		130		129,298
5.25%, 04/20/46 (Call 04/20/26), (3-mo. LIBOR US + 3.630%)(a)		45		43,652
5.45%, 10/30/25		150		150,386
5.80%, 01/15/33 (Call 07/15/32)		80		82,727
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)		40		31,216
4.15%, 04/01/48 (Call 10/01/47)		50		40,033
Series P, 2.60%, 04/01/30 (Call 01/01/30)		45		38,938
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		50		39,871
Series R, 2.90%, 10/01/51 (Call 04/01/51)		35		22,285
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51 (Call 05/15/51)		15		9,315
2.75%, 05/15/30 (Call 02/15/30)		110		96,623
2.95%, 04/01/25 (Call 01/01/25)		10		9,751
3.10%, 09/15/49 (Call 03/15/49)		31		21,253
3.70%, 11/15/28 (Call 08/15/28)		81		76,750
3.70%, 05/15/50 (Call 11/15/49)		30		22,873
3.75%, 04/01/45 (Call 10/01/44)		25		19,827
3.80%, 09/30/47 (Call 03/30/47)		45		34,715
3.80%, 06/01/49 (Call 12/01/48)		60		47,069
4.10%, 11/15/48 (Call 05/15/48)		40		32,779
4.15%, 06/01/32 (Call 03/01/32)		5		4,683
4.55%, 09/15/32 (Call 06/15/32)		55		52,762
4.55%, 12/01/41 (Call 06/01/41)		10		9,067
4.60%, 06/01/52 (Call 12/01/51)		20		17,587
5.25%, 09/30/40		35		34,734
5.35%, 10/01/52 (Call 04/01/52)		30		29,763
5.65%, 11/15/33 (Call 08/15/33)		15		15,466
7.00%, 05/01/32		40		44,558
Pennsylvania Electric Co., 3.60%, 06/01/29 (Call 03/01/29)(b)		20		18,460
Potomac Electric Power Co., 4.15%, 03/15/43 (Call 09/15/42)		137		115,132
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		30		20,465
3.95%, 06/01/47 (Call 12/01/46)		25		20,179
4.13%, 06/15/44 (Call 12/15/43)		25		20,962
4.15%, 06/15/48 (Call 12/15/47)		40		33,521
5.25%, 05/15/53 (Call 11/15/52)		40		38,830
6.25%, 05/15/39		25		27,149
Trans-Allegheny Interstate Line Co., 3.85%, 06/01/25 (Call 03/01/25)(b)		10		9,777
				2,975,274

30 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electrical Components & Equipment — 0.1%
Acuity Brands Lighting Inc., 2.15%, 12/15/30 (Call 09/15/30)	$	45	$	36,880
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 04/01/24)(b)		45		39,796
4.75%, 06/15/28 (Call 04/01/24)(b)		35		32,109
6.50%, 12/31/27 (Call 08/31/24)(b)		20		19,846
EnerSys
4.38%, 12/15/27 (Call 09/15/27)(b)		20		18,823
6.63%, 01/15/32 (Call 01/15/27)(b)		15		15,053
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 04/01/24)(b)		85		85,228
7.25%, 06/15/28 (Call 04/01/24)(b)		75		76,699
				324,434
Electronics — 0.2%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		32		29,221
Allegion U.S. Holding Co. Inc., 3.55%, 10/01/27 (Call 07/01/27)		20		18,918
Amphenol Corp.
2.05%, 03/01/25 (Call 02/01/25)		27		26,096
2.20%, 09/15/31 (Call 06/15/31)		55		45,121
2.80%, 02/15/30 (Call 11/15/29)		80		71,248
4.35%, 06/01/29 (Call 03/01/29)		40		38,882
Arrow Electronics Inc., 3.88%, 01/12/28 (Call 10/12/27)		5		4,722
Atkore Inc., 4.25%, 06/01/31 (Call 06/01/26)(b)		30		26,360
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		50		41,270
4.63%, 04/15/26 (Call 01/15/26)		60		58,720
Coherent Corp., 5.00%, 12/15/29 (Call 12/14/24)(b)		60		55,960
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		55		53,184
4.88%, 06/15/29 (Call 03/15/29)		41		39,881
4.88%, 05/12/30 (Call 02/12/30)		50		48,173
Fortive Corp., 4.30%, 06/15/46 (Call 12/15/45)		42		34,653
Hubbell Inc.
2.30%, 03/15/31 (Call 12/15/30)		7		5,785
3.15%, 08/15/27 (Call 05/15/27)		30		28,149
3.35%, 03/01/26 (Call 12/01/25)		20		19,295
3.50%, 02/15/28 (Call 11/15/27)		27		25,505
Jabil Inc.
1.70%, 04/15/26 (Call 03/15/26)		72		66,600
3.00%, 01/15/31 (Call 10/15/30)		40		34,129
3.60%, 01/15/30 (Call 10/15/29)		40		36,034
3.95%, 01/12/28 (Call 10/12/27)		32		30,263
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		57		50,691
4.60%, 04/06/27 (Call 01/06/27)		60		59,040
Sensata Technologies BV
4.00%, 04/15/29 (Call 04/15/24)(b)		55		49,938
5.00%, 10/01/25(b)		46		45,572
5.88%, 09/01/30 (Call 09/01/25)(b)		30		29,253
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)		40		34,200
4.38%, 02/15/30 (Call 11/15/29)(b)		25		22,783
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28)		72		71,352
TTM Technologies Inc., 4.00%, 03/01/29 (Call 04/01/24)(b)		30		26,930
Tyco Electronics Group SA
3.13%, 08/15/27 (Call 05/15/27)		65		61,440
7.13%, 10/01/37		20		22,958

Security	Par (000)		Value
Electronics (continued)
Vontier Corp.
1.80%, 04/01/26 (Call 03/01/26)	$	59	$	54,428
2.40%, 04/01/28 (Call 02/01/28)		45		39,395
2.95%, 04/01/31 (Call 01/01/31)		38		31,281
				1,437,430
Energy - Alternate Sources — 0.0%
Contemporary Ruiding Development Ltd., 1.88%, 09/17/25 (Call 08/17/25)(e)		200		189,204
Enviva Partners LP/Enviva Partners Finance Corp., 6.50%, 01/15/26 (Call 04/01/24)(b)(c)		30		11,136
				200,340
Engineering & Construction — 0.1%
AECOM, 5.13%, 03/15/27 (Call 12/15/26)		55		53,863
Arcosa Inc., 4.38%, 04/15/29 (Call 04/15/24)(b)		25		23,082
Cellnex Finance Co. SA, 3.88%, 07/07/41 (Call 04/07/41)(b)		35		27,227
Dycom Industries Inc., 4.50%, 04/15/29 (Call 04/15/24)(b)		30		27,747
Great Lakes Dredge & Dock Corp., 5.25%, 06/01/29 (Call 06/01/24)(b)		20		17,484
INNOVATE Corp., 8.50%, 02/01/26 (Call 03/11/24)(b)		20		14,900
Sydney Airport Finance Co. Pty. Ltd.
3.38%, 04/30/25 (Call 01/30/25)(b)		27		26,315
3.63%, 04/28/26 (Call 01/28/26)(b)		90		86,664
TopBuild Corp.
3.63%, 03/15/29 (Call 04/01/24)(b)		25		22,443
4.13%, 02/15/32 (Call 10/15/26)(b)		30		26,449
VM Consolidated Inc., 5.50%, 04/15/29 (Call 04/15/24)(b)		27		25,535
				351,709
Entertainment — 0.3%
AMC Entertainment Holdings Inc.
7.50%, 02/15/29 (Call 02/15/25)(b)(c)		55		38,018
10.00%, 06/15/26 (Call 03/11/24), (12.00% PIK)(b)(c)(d)		65		51,418
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(c)		30		28,315
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/01/24)		30		29,682
5.50%, 05/01/25 (Call 04/01/24)(b)		55		54,823
6.50%, 10/01/28 (Call 03/18/24)		15		15,030
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(b)(c)		45		42,115
5.88%, 03/15/26 (Call 04/01/24)(b)		25		24,698
8.75%, 05/01/25 (Call 04/01/24)(b)(c)		11		11,041
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29 (Call 04/15/24)(b)		40		30,247
Merlin Entertainments Ltd., 5.75%, 06/15/26 (Call 03/17/26)(b)		25		24,716
Motion Bondco DAC, 6.63%, 11/15/27 (Call 04/02/24)(b)		25		24,054
Odeon Finco PLC, 12.75%, 11/01/27 (Call 11/01/24)(b)		25		25,483
SeaWorld Parks & Entertainment Inc.
5.25%, 08/15/29 (Call 08/15/24)(b)		40		37,305
8.75%, 05/01/25 (Call 04/01/24)(b)		20		20,089
Six Flags Entertainment Corp.
5.50%, 04/15/27 (Call 04/01/24)(b)		30		29,462
7.25%, 05/15/31 (Call 05/15/26)(b)(c)		45		45,282

S C H E D U L E  O F  I N V E S T M E N T S 31

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Entertainment (continued)
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 04/01/24)(b)	$	25	$	25,084
Vail Resorts Inc., 6.25%, 05/15/25 (Call 04/01/24)(b)		40		40,116
Warnermedia Holdings Inc.
3.76%, 03/15/27 (Call 02/15/27)		300		283,929
4.05%, 03/15/29 (Call 01/15/29)		135		124,766
4.28%, 03/15/32 (Call 12/15/31)		240		211,809
5.05%, 03/15/42 (Call 09/15/41)		255		214,023
5.14%, 03/15/52 (Call 09/15/51)		385		312,619
5.39%, 03/15/62 (Call 09/15/61)		105		84,516
WMG Acquisition Corp.
3.00%, 02/15/31 (Call 02/15/26)(b)(c)		45		37,810
3.75%, 12/01/29 (Call 12/01/24)(b)		30		26,602
3.88%, 07/15/30 (Call 07/15/25)(b)		35		30,881
				1,923,933
Environmental Control — 0.2%
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(b)		45		39,444
5.00%, 09/01/30 (Call 09/01/25)		25		21,694
Republic Services Inc.
0.88%, 11/15/25 (Call 10/15/25)		12		11,129
1.45%, 02/15/31 (Call 11/15/30)		60		47,253
1.75%, 02/15/32 (Call 11/15/31)		102		79,970
2.30%, 03/01/30 (Call 12/01/29)		69		59,263
2.90%, 07/01/26 (Call 04/01/26)		90		85,949
3.05%, 03/01/50 (Call 09/01/49)		35		24,234
3.20%, 03/15/25 (Call 12/15/24)		62		60,535
3.38%, 11/15/27 (Call 08/15/27)		78		73,956
3.95%, 05/15/28 (Call 02/15/28)		33		31,746
5.70%, 05/15/41 (Call 11/15/40)		5		5,187
6.20%, 03/01/40		40		43,580
Veralto Corp., 5.45%, 09/18/33 (Call 06/18/33)(b)		10		10,045
Waste Connections Inc.
2.20%, 01/15/32 (Call 10/15/31)		25		20,235
2.60%, 02/01/30 (Call 11/01/29)		60		52,866
2.95%, 01/15/52 (Call 07/15/51)		50		33,083
3.05%, 04/01/50 (Call 10/01/49)		35		23,633
3.50%, 05/01/29 (Call 02/01/29)		50		46,836
4.25%, 12/01/28 (Call 09/01/28)		35		33,892
Waste Management Inc.
0.75%, 11/15/25 (Call 10/15/25)		52		48,303
1.15%, 03/15/28 (Call 01/15/28)		105		90,957
1.50%, 03/15/31 (Call 12/15/30)		52		41,268
2.50%, 11/15/50 (Call 05/15/50)		22		13,591
3.13%, 03/01/25 (Call 12/01/24)		50		48,935
3.15%, 11/15/27 (Call 08/15/27)		59		55,523
4.10%, 03/01/45 (Call 09/01/44)		65		55,789
4.15%, 04/15/32 (Call 01/15/32)		50		47,099
4.15%, 07/15/49 (Call 01/15/49)		35		29,575
4.88%, 02/15/34 (Call 11/15/33)		80		78,288
				1,313,858
Food — 0.7%
B&G Foods Inc.
5.25%, 04/01/25 (Call 04/01/24)		18		17,922
5.25%, 09/15/27 (Call 04/01/24)(c)		35		32,559
8.00%, 09/15/28 (Call 09/15/25)(b)(c)		30		31,227
Campbell Soup Co.
2.38%, 04/24/30 (Call 01/24/30)		70		59,437
4.15%, 03/15/28 (Call 12/15/27)		80		77,166
4.80%, 03/15/48 (Call 09/15/47)		70		61,396

Security	Par (000)		Value
Food (continued)
China Mengniu Dairy Co. Ltd., 2.50%, 06/17/30 (Call 03/17/30)(e)	$	200	$	170,103
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		80		69,513
4.60%, 11/01/25 (Call 09/01/25)		115		113,295
4.85%, 11/01/28 (Call 08/01/28)		116		113,991
5.30%, 11/01/38 (Call 05/01/38)		78		73,653
5.40%, 11/01/48 (Call 05/01/48)		50		46,144
8.25%, 09/15/30		45		51,673
Flowers Foods Inc.
2.40%, 03/15/31 (Call 12/15/30)		35		29,236
3.50%, 10/01/26 (Call 07/01/26)		15		14,383
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)		55		45,075
2.88%, 04/15/30 (Call 01/15/30)		75		66,221
3.00%, 02/01/51 (Call 08/01/50)		50		32,228
3.20%, 02/10/27 (Call 11/10/26)		75		71,288
4.00%, 04/17/25 (Call 02/17/25)		90		88,571
4.15%, 02/15/43 (Call 08/15/42)		5		4,180
4.20%, 04/17/28 (Call 01/17/28)		96		93,084
4.70%, 04/17/48 (Call 10/17/47)(c)		35		31,564
5.40%, 06/15/40		22		21,625
Hormel Foods Corp.
1.70%, 06/03/28 (Call 04/03/28)		30		26,483
1.80%, 06/11/30 (Call 03/11/30)		65		53,941
3.05%, 06/03/51 (Call 12/03/50)		70		46,974
Ingredion Inc.
2.90%, 06/01/30 (Call 03/01/30)		60		52,723
3.20%, 10/01/26 (Call 07/01/26)		52		49,587
3.90%, 06/01/50 (Call 12/01/49)		25		18,312
J M Smucker Co. (The)
5.90%, 11/15/28 (Call 10/15/28)		50		51,467
6.20%, 11/15/33 (Call 08/15/33)		60		63,472
6.50%, 11/15/53 (Call 05/15/53)		60		65,326
JM Smucker Co. (The)
2.13%, 03/15/32 (Call 12/15/31)		25		19,950
2.38%, 03/15/30 (Call 12/15/29)		60		51,463
2.75%, 09/15/41 (Call 03/15/41)		10		6,680
3.38%, 12/15/27 (Call 09/15/27)		35		33,003
3.55%, 03/15/50 (Call 09/15/49)		20		14,008
4.25%, 03/15/35		60		53,729
4.38%, 03/15/45		40		33,426
Kellanova
3.25%, 04/01/26		105		100,928
4.30%, 05/15/28 (Call 02/15/28)		70		67,978
Series B, 7.45%, 04/01/31		50		55,939
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)		100		95,414
3.75%, 04/01/30 (Call 01/01/30)		70		65,260
3.88%, 05/15/27 (Call 02/15/27)		115		110,996
4.25%, 03/01/31 (Call 12/01/30)		35		33,237
4.38%, 06/01/46 (Call 12/01/45)		120		99,542
4.63%, 01/30/29 (Call 10/30/28)		35		34,326
4.63%, 10/01/39 (Call 04/01/39)		40		36,125
4.88%, 10/01/49 (Call 04/01/49)		85		75,851
5.00%, 07/15/35 (Call 01/15/35)		70		68,330
5.00%, 06/04/42		60		55,350
5.20%, 07/15/45 (Call 01/15/45)		85		79,344
5.50%, 06/01/50 (Call 12/01/49)		35		34,064
6.50%, 02/09/40		55		59,327
6.75%, 03/15/32		25		27,500

32 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Food (continued)
6.88%, 01/26/39	$	45	$	50,397
7.13%, 08/01/39(b)		45		51,167
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(b)		55		49,757
4.38%, 01/31/32 (Call 01/31/27)(b)		40		35,684
4.88%, 05/15/28 (Call 11/15/27)(b)		30		29,055
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		45		41,400
1.85%, 02/15/31 (Call 11/15/30)		25		20,098
2.50%, 04/15/30 (Call 01/15/30)		55		47,071
3.40%, 08/15/27 (Call 05/15/27)		60		56,754
4.20%, 08/15/47 (Call 02/15/47)(c)		27		22,342
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(b)		65		57,832
4.63%, 04/15/30 (Call 04/15/25)(b)		80		72,669
5.50%, 12/15/29 (Call 12/15/24)(b)		70		66,843
5.63%, 01/15/28 (Call 03/18/24)(b)		50		49,068
Smithfield Foods Inc.
2.63%, 09/13/31 (Call 06/13/31)(b)		60		46,206
3.00%, 10/15/30 (Call 07/15/30)(b)		20		16,439
4.25%, 02/01/27 (Call 11/01/26)(b)		95		90,814
5.20%, 04/01/29 (Call 01/01/29)(b)		5		4,793
TreeHouse Foods Inc., 4.00%, 09/01/28 (Call 03/18/24)(c)		27		23,877
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(b)		30		27,504
4.75%, 02/15/29 (Call 04/01/24)(b)		50		46,923
6.88%, 09/15/28 (Call 09/15/25)(b)		30		30,549
7.25%, 01/15/32 (Call 09/15/26)(b)		25		25,820
United Natural Foods Inc., 6.75%, 10/15/28 (Call 04/01/24)(b)		30		24,976
				4,143,627
Food Service — 0.0%
Aramark Services Inc.
5.00%, 04/01/25 (Call 04/01/24)(b)		25		24,828
5.00%, 02/01/28 (Call 04/01/24)(b)		65		62,364
				87,192
Forest Products & Paper — 0.1%
Domtar Corp., 6.75%, 10/01/28 (Call 10/01/24)(b)		35		32,377
Glatfelter Corp., 4.75%, 11/15/29 (Call 11/01/24)(b)(c)		30		25,231
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)		54		45,734
4.40%, 08/15/47 (Call 02/15/47)(c)		39		32,412
4.80%, 06/15/44 (Call 12/15/43)		33		29,383
5.00%, 09/15/35 (Call 03/15/35)		30		29,082
5.15%, 05/15/46 (Call 11/15/45)		25		23,198
6.00%, 11/15/41 (Call 05/15/41)		50		51,501
Inversiones CMPC SA, 6.13%, 06/23/33 (Call 03/23/33)(e)		200		202,011
Mercer International Inc.
5.13%, 02/01/29 (Call 03/11/24)		50		43,148
5.50%, 01/15/26 (Call 04/01/24)		16		15,468
12.88%, 10/01/28 (Call 10/01/25)(b)		15		15,889
				545,434
Hand & Machine Tools — 0.1%
Regal Rexnord Corp.
6.05%, 04/15/28 (Call 03/15/28)(b)		70		70,405
6.30%, 02/15/30 (Call 12/15/29)(b)		100		101,750
6.40%, 04/15/33 (Call 01/15/33)(b)		80		82,102

Security	Par (000)		Value
Hand & Machine Tools (continued)
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)	$	35	$	24,567
3.25%, 03/01/27 (Call 12/01/26)		7		6,702
4.10%, 03/01/48 (Call 09/01/47)		25		20,865
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)		80		67,160
2.75%, 11/15/50 (Call 05/15/50)		65		37,877
3.40%, 03/01/26 (Call 01/01/26)		37		35,662
4.00%, 03/15/60 (Call 03/15/25), (5-year CMT + 2.657%)(a)		30		26,705
4.25%, 11/15/28 (Call 08/15/28)		20		19,297
4.85%, 11/15/48 (Call 05/15/48)		30		25,959
5.20%, 09/01/40		21		19,706
				538,757
Health Care - Products — 0.4%
Agilent Technologies Inc.
2.10%, 06/04/30 (Call 03/04/30)		55		46,075
2.30%, 03/12/31 (Call 12/12/30)		80		66,746
2.75%, 09/15/29 (Call 06/15/29)		50		44,736
3.05%, 09/22/26 (Call 06/22/26)		50		47,545
Alcon Finance Corp.
2.60%, 05/27/30 (Call 02/27/30)(b)		50		42,921
3.00%, 09/23/29 (Call 06/23/29)(b)		70		62,759
3.80%, 09/23/49 (Call 03/23/49)(b)		65		50,363
Avantor Funding Inc.
3.88%, 11/01/29 (Call 11/01/24)(b)		45		40,341
4.63%, 07/15/28 (Call 04/01/24)(b)		90		84,929
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)		65		40,924
2.80%, 12/10/51 (Call 06/10/51)(c)		45		29,160
3.35%, 09/15/25 (Call 06/15/25)		30		29,261
4.38%, 09/15/45 (Call 03/15/45)		50		44,302
Dentsply Sirona Inc., 3.25%, 06/01/30 (Call 03/01/30)		80		69,724
DH Europe Finance II Sarl
2.60%, 11/15/29 (Call 08/15/29)		65		57,726
3.25%, 11/15/39 (Call 05/15/39)		35		27,807
3.40%, 11/15/49 (Call 05/15/49)		82		61,091
Embecta Corp.
5.00%, 02/15/30 (Call 02/15/27)(b)		30		23,899
6.75%, 02/15/30 (Call 02/15/27)(b)(c)		15		12,908
GE HealthCare Technologies Inc.
5.65%, 11/15/27 (Call 10/15/27)		105		106,608
5.91%, 11/22/32 (Call 08/22/32)		115		119,391
6.38%, 11/22/52 (Call 05/22/52)		110		121,905
HCA Inc.
3.13%, 03/15/27 (Call 02/15/27)		45		42,291
3.63%, 03/15/32 (Call 12/15/31)		90		78,632
4.38%, 03/15/42 (Call 09/15/41)		20		16,576
Hologic Inc.
3.25%, 02/15/29 (Call 04/01/24)(b)		55		49,044
4.63%, 02/01/28 (Call 04/01/24)(b)		20		19,167
Neogen Food Safety Corp., 8.63%, 07/20/30 (Call 07/20/27)(b)		20		21,277
Revvity Inc.
1.90%, 09/15/28 (Call 07/15/28)		25		21,597
2.25%, 09/15/31 (Call 06/15/31)		50		40,640
2.55%, 03/15/31 (Call 12/15/30)		17		14,238
3.30%, 09/15/29 (Call 06/15/29)		43		38,710
3.63%, 03/15/51 (Call 09/15/50)		33		22,963
STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31 (Call 12/15/30)		90		76,537

S C H E D U L E  O F  I N V E S T M E N T S 33

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care - Products (continued)
Stryker Corp.
1.95%, 06/15/30 (Call 03/15/30)	$	150	$	125,566
3.50%, 03/15/26 (Call 12/15/25)		125		121,206
4.63%, 03/15/46 (Call 09/15/45)		110		99,651
Teleflex Inc.
4.25%, 06/01/28 (Call 04/01/24)(b)		30		28,068
4.63%, 11/15/27 (Call 03/18/24)		30		28,647
Varex Imaging Corp., 7.88%, 10/15/27 (Call 04/01/24)(b)		19		19,221
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		85		71,100
3.05%, 01/15/26 (Call 12/15/25)		100		96,061
				2,262,313
Health Care - Services — 0.8%
Acadia Healthcare Co. Inc.
5.00%, 04/15/29 (Call 04/01/24)(b)		30		28,357
5.50%, 07/01/28 (Call 04/01/24)(b)		30		29,082
AHP Health Partners Inc., 5.75%, 07/15/29
(Call 07/15/24)(b)		20		18,113
Catalent Pharma Solutions Inc.
3.13%, 02/15/29 (Call 04/01/24)(b)		35		33,840
3.50%, 04/01/30 (Call 04/01/25)(b)		40		38,612
5.00%, 07/15/27 (Call 04/01/24)(b)		30		29,585
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 04/01/24)(b)		30		27,158
4.00%, 03/15/31 (Call 03/15/26)(b)		30		26,452
4.25%, 05/01/28 (Call 03/18/24)(b)		30		28,143
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)		80		65,631
4.63%, 06/01/30 (Call 06/01/25)(b)		150		131,920
Elevance Health Inc.
2.25%, 05/15/30 (Call 02/15/30)		120		101,939
2.55%, 03/15/31 (Call 12/15/30)		100		84,759
2.88%, 09/15/29 (Call 06/15/29)		75		67,253
3.13%, 05/15/50 (Call 11/15/49)		85		58,016
3.60%, 03/15/51 (Call 09/15/50)		95		70,721
3.65%, 12/01/27 (Call 09/01/27)		111		106,145
3.70%, 09/15/49 (Call 03/15/49)		20		15,148
4.10%, 03/01/28 (Call 12/01/27)		150		145,081
4.10%, 05/15/32 (Call 02/15/32)		10		9,217
4.38%, 12/01/47 (Call 06/01/47)		95		80,671
4.55%, 03/01/48 (Call 09/01/47)		75		65,314
4.55%, 05/15/52 (Call 11/15/51)		20		17,346
4.63%, 05/15/42		35		31,492
4.65%, 01/15/43		40		36,097
4.65%, 08/15/44 (Call 02/15/44)		5		4,444
4.75%, 02/15/33 (Call 11/15/32)		120		115,901
5.13%, 02/15/53 (Call 08/15/52)		90		85,191
6.10%, 10/15/52 (Call 04/15/52)		65		69,726
6.38%, 06/15/37		20		21,569
Encompass Health Corp.
4.50%, 02/01/28 (Call 04/01/24)		47		44,460
4.63%, 04/01/31 (Call 04/01/26)		25		22,584
4.75%, 02/01/30 (Call 02/01/25)		45		41,748
5.75%, 09/15/25 (Call 04/01/24)		20		19,915
Fortrea Holdings Inc., 7.50%, 07/01/30 (Call 07/01/26)(b)(c)		35		35,792
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		75		60,986
3.38%, 03/15/29 (Call 01/15/29)		55		50,155
3.50%, 09/01/30 (Call 03/01/30)		125		111,741

Security	Par (000)		Value
Health Care - Services (continued)
3.50%, 07/15/51 (Call 01/15/51)	$	90	$	60,751
4.13%, 06/15/29 (Call 03/15/29)		100		94,042
4.50%, 02/15/27 (Call 08/15/26)		148		144,926
4.63%, 03/15/52 (Call 09/15/51)		110		90,020
5.20%, 06/01/28 (Call 05/01/28)		15		14,938
5.25%, 04/15/25		95		94,576
5.25%, 06/15/26 (Call 12/15/25)		135		134,174
5.25%, 06/15/49 (Call 12/15/48)		115		103,020
5.38%, 09/01/26 (Call 03/01/26)		120		119,652
5.50%, 06/01/33 (Call 03/01/33)		70		69,518
5.50%, 06/15/47 (Call 12/15/46)		90		83,881
5.63%, 09/01/28 (Call 03/01/28)		100		100,742
5.88%, 02/15/26 (Call 08/15/25)		165		165,728
5.88%, 02/01/29 (Call 08/01/28)		60		61,067
5.90%, 06/01/53 (Call 12/01/52)		65		63,849
6.00%, 04/01/54 (Call 10/01/53)		80		79,401
6.10%, 04/01/64 (Call 10/01/63)		40		39,531
HealthEquity Inc., 4.50%, 10/01/29 (Call 10/01/24)(b)		30		27,597
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)		120		107,660
2.15%, 02/03/32 (Call 11/03/31)		55		43,521
3.13%, 08/15/29 (Call 05/15/29)		60		54,202
3.70%, 03/23/29 (Call 02/23/29)		70		65,434
3.95%, 03/15/27 (Call 12/15/26)		68		65,581
3.95%, 08/15/49 (Call 02/15/49)		35		27,356
4.50%, 04/01/25 (Call 03/01/25)		20		19,793
4.63%, 12/01/42 (Call 06/01/42)		27		23,436
4.80%, 03/15/47 (Call 09/15/46)		30		26,137
4.88%, 04/01/30 (Call 01/01/30)		62		61,003
4.95%, 10/01/44 (Call 04/01/44)		55		49,590
5.50%, 03/15/53 (Call 09/15/52)		45		43,594
IQVIA Inc.
5.00%, 10/15/26 (Call 04/01/24)(b)		60		58,698
5.00%, 05/15/27 (Call 04/01/24)(b)		50		48,687
6.50%, 05/15/30 (Call 05/15/26)(b)		35		35,503
ModivCare Inc., 5.88%, 11/15/25 (Call 04/01/24)(b)		35		34,177
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(b)		40		35,109
3.88%, 05/15/32 (Call 02/15/32)(b)		45		38,725
4.38%, 06/15/28 (Call 04/01/24)(b)		45		42,003
Pediatrix Medical Group Inc., 5.38%, 02/15/30 (Call 02/15/25)(b)(c)		25		22,476
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)		25		21,337
2.95%, 06/30/30 (Call 03/30/30)		96		84,505
3.45%, 06/01/26 (Call 03/01/26)		75		72,157
3.50%, 03/30/25 (Call 12/30/24)		37		36,325
4.20%, 06/30/29 (Call 03/30/29)		45		43,255
4.70%, 03/30/45 (Call 09/30/44)(c)		25		22,081
6.40%, 11/30/33 (Call 08/30/33)		5		5,347
Select Medical Corp., 6.25%, 08/15/26 (Call 04/01/24)(b)		72		71,848
Surgery Center Holdings Inc.
6.75%, 07/01/25 (Call 04/01/24)(b)(c)		15		14,967
10.00%, 04/15/27 (Call 04/01/24)(b)(c)		14		14,193
				4,866,417
Home Builders — 0.2%
Beazer Homes USA Inc.
5.88%, 10/15/27 (Call 03/18/24)(c)		20		19,455
6.75%, 03/15/25 (Call 03/18/24)(c)		20		19,991
7.25%, 10/15/29 (Call 10/15/24)		20		20,017

34 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Home Builders (continued)
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)(b)	$	30	$	26,485
6.75%, 06/01/27 (Call 04/01/24)		30		30,052
DR Horton Inc.
1.40%, 10/15/27 (Call 08/15/27)		5		4,410
2.60%, 10/15/25 (Call 09/15/25)		10		9,569
Installed Building Products Inc., 5.75%, 02/01/28 (Call 03/18/24)(b)		20		19,650
KB Home
4.00%, 06/15/31 (Call 12/15/30)(c)		20		17,434
4.80%, 11/15/29 (Call 05/15/29)		15		14,148
6.88%, 06/15/27 (Call 12/15/26)		20		20,627
7.25%, 07/15/30 (Call 07/15/25)(c)		20		20,665
LGI Homes Inc.
4.00%, 07/15/29 (Call 01/15/29)(b)		20		17,258
8.75%, 12/15/28 (Call 12/15/25)(b)		25		26,200
M/I Homes Inc.
3.95%, 02/15/30 (Call 08/15/29)		15		13,375
4.95%, 02/01/28 (Call 03/18/24)		20		19,030
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)(c)		50		42,249
3.85%, 01/15/30 (Call 07/15/29)		30		27,673
3.97%, 08/06/61 (Call 02/06/61)		20		15,217
6.00%, 01/15/43 (Call 10/15/42)		30		29,895
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(b)(c)		30		27,315
5.13%, 06/06/27 (Call 12/06/26)		20		19,702
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29)		84		74,031
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)(c)		25		24,888
5.50%, 03/01/26 (Call 12/01/25)		44		44,083
6.00%, 02/15/35		41		42,104
6.38%, 05/15/33		25		26,434
7.88%, 06/15/32(c)		20		23,131
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(b)		30		28,332
5.75%, 01/15/28 (Call 10/15/27)(b)		30		29,590
5.88%, 06/15/27 (Call 03/15/27)(b)		30		29,920
Thor Industries Inc., 4.00%, 10/15/29 (Call 10/15/24)(b)		35		30,984
Toll Brothers Finance Corp., 4.88%, 03/15/27 (Call 12/15/26)		5		4,916
Tri Pointe Homes Inc.
5.25%, 06/01/27 (Call 12/01/26)		20		19,608
5.70%, 06/15/28 (Call 12/15/27)		20		19,660
Winnebago Industries Inc., 6.25%, 07/15/28 (Call 04/01/24)(b)		20		19,738
				877,836
Home Furnishings — 0.0%
Leggett & Platt Inc.
3.50%, 11/15/51 (Call 05/15/51)		30		20,684
4.40%, 03/15/29 (Call 12/15/28)		32		30,317
Tempur Sealy International Inc.
3.88%, 10/15/31 (Call 10/15/26)(b)		45		37,475
4.00%, 04/15/29 (Call 04/15/24)(b)		45		40,365
Whirlpool Corp.
2.40%, 05/15/31 (Call 02/15/31)		65		53,306
4.50%, 06/01/46 (Call 12/01/45)		30		24,120
4.60%, 05/15/50 (Call 11/15/49)(c)		35		28,180
4.75%, 02/26/29 (Call 11/26/28)(c)		15		14,647

Security	Par (000)		Value
Home Furnishings (continued)
5.50%, 03/01/33 (Call 12/01/32)	$	20	$	19,830
				268,924
Household Products & Wares — 0.1%
ACCO Brands Corp., 4.25%, 03/15/29 (Call 03/18/24)(b)		35		31,027
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)		70		56,831
2.65%, 04/30/30 (Call 02/01/30)		18		15,657
4.88%, 12/06/28 (Call 09/06/28)		30		29,699
Church & Dwight Co. Inc.
2.30%, 12/15/31 (Call 09/15/31)		10		8,252
3.15%, 08/01/27 (Call 05/01/27)		75		70,667
3.95%, 08/01/47 (Call 02/01/47)		65		51,942
5.00%, 06/15/52 (Call 12/15/51)		5		4,716
5.60%, 11/15/32 (Call 08/15/32)		5		5,185
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)		85		70,217
3.90%, 05/15/28 (Call 02/15/28)		50		48,053
4.60%, 05/01/32 (Call 02/01/32)(c)		10		9,703
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)		64		56,302
2.00%, 11/02/31 (Call 08/02/31)		15		12,326
2.75%, 02/15/26		20		19,248
2.88%, 02/07/50 (Call 08/07/49)		35		23,907
3.05%, 08/15/25		55		53,480
3.10%, 03/26/30 (Call 12/26/29)		25		22,742
3.20%, 04/25/29 (Call 01/25/29)		50		46,392
3.20%, 07/30/46 (Call 01/30/46)		25		18,254
3.90%, 05/04/47 (Call 11/04/46)		30		24,302
3.95%, 11/01/28 (Call 08/01/28)		35		33,945
5.30%, 03/01/41		22		22,003
6.63%, 08/01/37		25		28,801
SC Johnson & Son Inc.
4.00%, 05/15/43 (Call 02/15/43)(b)		15		12,147
4.75%, 10/15/46 (Call 04/16/46)(b)		35		31,179
4.80%, 09/01/40(b)		15		13,382
Spectrum Brands Inc.
3.88%, 03/15/31 (Call 03/15/26)(b)(c)		30		28,496
5.50%, 07/15/30 (Call 07/15/25)(b)		25		24,501
				873,356
Housewares — 0.0%
Newell Brands Inc.
4.88%, 06/01/25 (Call 05/01/25)		26		25,459
5.20%, 04/01/26 (Call 01/01/26)		115		111,645
6.38%, 09/15/27 (Call 06/15/27)(c)		25		24,285
6.38%, 04/01/36 (Call 10/01/35)		25		21,936
6.50%, 04/01/46 (Call 10/01/45)		40		31,964
6.63%, 09/15/29 (Call 06/15/29)(c)		25		23,931
				239,220
Insurance — 1.7%
ACE Capital Trust II, Series N, 9.70%, 04/01/30		40		46,987
Aflac Inc.
1.13%, 03/15/26 (Call 02/15/26)		15		13,855
2.88%, 10/15/26 (Call 07/15/26)		45		42,490
3.60%, 04/01/30 (Call 01/01/30)		88		81,573
4.00%, 10/15/46 (Call 04/15/46)		20		15,922
4.75%, 01/15/49 (Call 07/15/48)		55		49,767
AIA Group Ltd., 3.20%, 09/16/40 (Call 03/16/40)(b)		210		156,906
American International Group Inc.
4.20%, 04/01/28 (Call 01/01/28)		10		9,712

S C H E D U L E  O F  I N V E S T M E N T S 35

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
4.38%, 06/30/50 (Call 12/30/49)	$	75	$	64,343
4.50%, 07/16/44 (Call 01/16/44)		5		4,415
4.75%, 04/01/48 (Call 10/01/47)		75		68,503
4.80%, 07/10/45 (Call 01/10/45)		70		64,107
6.25%, 05/01/36		50		51,877
Series A-9, 5.75%, 04/01/48 (Call 04/01/28), (3-mo. LIBOR US + 2.868%)(a)		90		88,355
Aon Corp./Aon Global Holdings PLC
3.90%, 02/28/52 (Call 08/28/51)		100		75,678
5.00%, 09/12/32 (Call 06/12/32)		70		68,381
5.35%, 02/28/33 (Call 11/28/32)		60		59,893
Aon Global Ltd., 4.75%, 05/15/45 (Call 11/15/44)		100		88,149
Arch Capital Finance LLC
4.01%, 12/15/26 (Call 09/15/26)		20		19,312
5.03%, 12/15/46 (Call 06/15/46)		29		26,661
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		70		51,566
7.35%, 05/01/34		15		16,828
Arch Capital Group U.S. Inc., 5.14%, 11/01/43		30		27,918
Arthur J Gallagher & Co.
2.40%, 11/09/31 (Call 08/09/31)		15		12,146
3.50%, 05/20/51 (Call 11/20/50)		20		13,885
5.75%, 03/02/53 (Call 09/02/52)		80		78,763
6.75%, 02/15/54 (Call 08/15/53)		40		44,793
Assurant Inc.
4.90%, 03/27/28 (Call 12/27/27)		65		63,668
7.00%, 03/27/48 (Call 03/27/28), (3-mo. LIBOR US + 4.135%)(a)		25		25,306
AXA SA, 6.38%, (Call 12/14/36), (1-day SOFR + 2.256%)(a)(b)(f)		30		32,850
AXIS Specialty Finance LLC, 4.90%, 01/15/40 (Call 01/15/30), (5-year CMT + 3.186%)(a)		5		4,413
AXIS Specialty Finance PLC, 4.00%, 12/06/27 (Call 09/06/27)		25		23,903
Brown & Brown Inc.
2.38%, 03/15/31 (Call 12/15/30)		15		12,257
4.95%, 03/17/52 (Call 09/17/51)		60		51,696
Chubb Corp. (The)
6.00%, 05/11/37		15		16,098
Series 1, 6.50%, 05/15/38		30		33,707
Chubb INA Holdings Inc.
2.85%, 12/15/51 (Call 06/15/51)		55		37,224
3.05%, 12/15/61 (Call 06/15/61)		105		69,708
3.15%, 03/15/25		25		24,441
3.35%, 05/03/26 (Call 02/03/26)		180		173,530
4.15%, 03/13/43		25		21,854
4.35%, 11/03/45 (Call 05/03/45)		60		52,973
6.70%, 05/15/36		35		39,801
Corebridge Global Funding, 0.90%, 09/22/25(b)		75		69,929
Dai-Ichi Life Insurance Co. Ltd. (The), 4.00%, (Call 07/24/26), (3-mo. LIBOR US + 3.660%)(a)(b)(f)		30		28,669
Empower Finance 2020 LP
1.36%, 09/17/27 (Call 07/17/27)(b)		35		30,835
1.78%, 03/17/31 (Call 12/17/30)(b)		95		75,280
3.08%, 09/17/51 (Call 03/17/51)(b)		30		20,063
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		115		72,065
3.50%, 10/15/50 (Call 04/15/50)		5		3,511
Great-West Lifeco Finance 2018 LP
4.05%, 05/17/28 (Call 02/17/28)(b)		45		43,496
4.58%, 05/17/48 (Call 11/17/47)(b)		5		4,399

Security	Par (000)		Value
Insurance (continued)
Great-West Lifeco Finance Delaware LP, 4.15%, 06/03/47 (Call 12/03/46)(b)	$	75	$	60,478
Great-West Lifeco U.S. Finance 2020 LP, 0.90%, 08/12/25 (Call 07/12/25)(b)		47		44,056
Hanover Insurance Group Inc. (The)
2.50%, 09/01/30 (Call 06/01/30)		50		41,521
4.50%, 04/15/26 (Call 01/15/26)		60		58,851
Hartford Financial Services Group Inc. (The)
2.90%, 09/15/51 (Call 03/15/51)		30		19,227
3.60%, 08/19/49 (Call 02/19/49)		26		19,566
4.30%, 04/15/43		20		17,078
4.40%, 03/15/48 (Call 09/15/47)		40		34,544
5.95%, 10/15/36		15		15,509
6.10%, 10/01/41		35		36,467
Jackson Financial Inc., 3.13%, 11/23/31 (Call 08/23/31)		85		70,381
Liberty Mutual Group Inc.
3.95%, 10/15/50 (Call 04/15/50)(b)		5		3,752
3.95%, 05/15/60 (Call 11/15/59)(b)		45		32,230
4.13%, 12/15/51 (Call 09/15/26), (5-year CMT + 3.315%)(a)(b)		25		21,929
4.30%, 02/01/61 (Call 02/01/26)(b)		40		25,469
5.50%, 06/15/52 (Call 12/15/51)(b)		135		129,147
7.80%, 03/07/87(b)		25		25,661
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)		50		43,767
3.35%, 03/09/25		40		39,032
3.40%, 01/15/31 (Call 10/15/30)		50		43,769
3.63%, 12/12/26 (Call 09/15/26)(c)		45		42,962
3.80%, 03/01/28 (Call 12/01/27)		26		24,734
4.35%, 03/01/48 (Call 09/01/47)		25		19,362
4.38%, 06/15/50 (Call 12/15/49)		24		18,526
6.30%, 10/09/37		5		5,129
7.00%, 06/15/40		50		54,519
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		81		68,297
3.50%, 03/10/25 (Call 12/10/24)		67		65,807
3.75%, 03/14/26 (Call 12/14/25)		81		79,025
4.20%, 03/01/48 (Call 09/01/47)		65		54,112
4.35%, 01/30/47 (Call 07/30/46)		30		25,450
4.38%, 03/15/29 (Call 12/15/28)		140		136,913
4.75%, 03/15/39 (Call 09/15/38)		85		80,024
4.90%, 03/15/49 (Call 09/15/48)		77		71,202
5.45%, 03/15/54 (Call 09/15/53)		100		99,371
5.70%, 09/15/53 (Call 03/15/53)		60		62,142
5.75%, 11/01/32 (Call 08/01/32)		15		15,665
5.88%, 08/01/33		70		73,884
Massachusetts Mutual Life Insurance Co., 3.20%, 12/01/61(b)		200		125,095
MassMutual Global Funding II
2.15%, 03/09/31(b)		85		69,563
4.50%, 04/10/26(b)		205		202,715
5.05%, 06/14/28(b)		205		204,563
Meiji Yasuda Life Insurance Co.
5.10%, 04/26/48 (Call 04/26/28), (5-year USD ICE Swap + 3.150%)(a)(b)		40		39,048
5.20%, 10/20/45 (Call 10/20/25), (5-year USD Swap + 4.230%)(a)(b)		35		34,430
Metropolitan Life Global Funding I
0.95%, 07/02/25(b)		30		28,332
1.55%, 01/07/31(b)		70		55,097

36 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
1.88%, 01/11/27(b)	$	165	$	150,595
2.95%, 04/09/30(b)		155		136,115
3.45%, 12/18/26(b)		120		114,958
5.15%, 03/28/33(b)		150		148,459
MGIC Investment Corp., 5.25%, 08/15/28 (Call 03/18/24)		35		33,821
Munich Re America Corp., Series B, 7.45%, 12/15/26		90		95,361
New York Life Global Funding
0.85%, 01/15/26(b)		185		171,282
1.20%, 08/07/30(b)		10		7,869
3.60%, 08/05/25(b)		140		137,076
4.55%, 01/28/33(b)		220		209,208
4.90%, 06/13/28(b)		165		164,461
5.00%, 01/09/34(b)		100		98,210
New York Life Insurance Co.
3.75%, 05/15/50 (Call 11/15/49)(b)		165		125,707
4.45%, 05/15/69 (Call 11/15/68)(b)		15		12,031
5.88%, 05/15/33(b)		20		20,680
Primerica Inc., 2.80%, 11/19/31 (Call 08/19/31)		40		33,198
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/15/30)		60		49,911
3.10%, 11/15/26 (Call 08/15/26)		40		37,952
3.40%, 05/15/25 (Call 02/15/25)		20		19,534
3.70%, 05/15/29 (Call 02/15/29)		25		23,320
4.30%, 11/15/46 (Call 05/15/46)		30		24,844
4.35%, 05/15/43		22		19,120
4.63%, 09/15/42		20		17,927
6.05%, 10/15/36		51		53,653
Principal Life Global Funding II
0.88%, 01/12/26(b)		50		46,008
1.25%, 06/23/25(b)		63		59,761
1.50%, 08/27/30(b)		40		31,593
1.63%, 11/19/30(b)		15		11,713
2.50%, 09/16/29(b)		21		18,215
3.00%, 04/18/26(b)		85		80,795
Progressive Corp. (The)
2.45%, 01/15/27		35		32,658
3.20%, 03/26/30 (Call 12/26/29)		65		58,721
3.70%, 01/26/45		25		20,223
3.95%, 03/26/50 (Call 09/26/49)		35		28,494
4.00%, 03/01/29 (Call 12/01/28)		27		25,971
4.13%, 04/15/47 (Call 10/15/46)		62		52,068
4.20%, 03/15/48 (Call 09/15/47)		40		34,385
4.35%, 04/25/44		15		13,276
6.25%, 12/01/32		73		79,246
Protective Life Corp.
3.40%, 01/15/30 (Call 10/15/29)(b)		90		79,041
4.30%, 09/30/28 (Call 06/30/28)(b)(c)		60		57,980
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		60		55,901
2.10%, 03/10/30 (Call 12/10/29)		79		67,554
3.00%, 03/10/40 (Call 09/10/39)		45		33,544
3.70%, 10/01/50 (Call 07/01/30), (5-year CMT + 3.035%)(a)		75		65,398
3.70%, 03/13/51 (Call 09/13/50)		80		60,738
3.88%, 03/27/28 (Call 12/27/27)		60		57,646
3.91%, 12/07/47 (Call 06/07/47)		65		51,309
3.94%, 12/07/49 (Call 06/07/49)		82		64,268
4.35%, 02/25/50 (Call 08/25/49)		75		63,416
4.42%, 03/27/48 (Call 09/27/47)		45		38,412

Security	Par (000)		Value
Insurance (continued)
5.13%, 03/01/52 (Call 11/28/31), (5-year CMT + 3.162%)(a)	$	30	$	28,031
5.70%, 12/14/36		67		69,133
5.70%, 09/15/48 (Call 09/15/28), (3-mo. LIBOR US + 2.665%)(a)		105		102,566
5.75%, 07/15/33		23		24,133
6.00%, 09/01/52 (Call 06/01/32), (5-year CMT + 3.234%)(a)		95		94,695
6.63%, 12/01/37		25		27,803
Reinsurance Group of America Inc.
3.15%, 06/15/30 (Call 03/15/30)		72		63,640
3.90%, 05/15/29 (Call 02/15/29)		73		68,870
3.95%, 09/15/26 (Call 06/15/26)		25		24,448
Reliance Standard Life Global Funding II
1.51%, 09/28/26(b)		75		66,877
2.75%, 05/07/25(b)		15		14,451
2.75%, 01/21/27(b)		40		36,551
Selective Insurance Group Inc., 5.38%, 03/01/49 (Call 09/01/48)		15		14,200
Swiss Re Finance Luxembourg SA, 5.00%, 04/02/49 (Call 04/02/29), (5-year CMT + 3.582%)(a)(b)		200		193,580
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		65		40,462
3.75%, 05/15/46 (Call 11/15/45)		39		30,920
4.00%, 05/30/47 (Call 11/30/46)		60		49,478
4.05%, 03/07/48 (Call 09/07/47)		30		25,149
4.10%, 03/04/49 (Call 09/04/48)		37		31,098
4.30%, 08/25/45 (Call 02/25/45)		45		39,218
4.60%, 08/01/43		25		23,222
5.35%, 11/01/40		30		30,329
5.45%, 05/25/53 (Call 11/25/52)		50		51,004
6.25%, 06/15/37		60		65,934
6.75%, 06/20/36		50		57,008
Trinity Acquisition PLC, 4.40%, 03/15/26 (Call 12/15/25)		70		68,594
Unum Group, 4.13%, 06/15/51 (Call 12/15/50)		65		47,705
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)		88		78,197
3.88%, 09/15/49 (Call 03/15/49)		39		28,913
4.50%, 09/15/28 (Call 06/15/28)		57		55,002
4.65%, 06/15/27 (Call 05/15/27)		25		24,535
5.05%, 09/15/48 (Call 03/15/48)		20		17,906
XL Group Ltd., 5.25%, 12/15/43		30		28,023
Zurich Finance Ireland Designated Activity Co., 3.00%, 04/19/51 (Call 01/19/31), (5-year CMT + 2.777%)(a)(e)		200		162,633
				9,890,796
Internet — 0.4%
Alibaba Group Holding Ltd.
2.13%, 02/09/31 (Call 11/09/30)		50		41,359
4.00%, 12/06/37 (Call 06/06/37)		15		12,934
4.20%, 12/06/47 (Call 06/06/47)		255		207,407
4.50%, 11/28/34 (Call 05/28/34)		200		187,297
Baidu Inc., 2.38%, 08/23/31 (Call 05/23/31)		210		173,223
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		90		85,645
3.60%, 06/01/26 (Call 03/01/26)		81		78,499
3.65%, 03/15/25 (Call 12/15/24)		95		93,418
4.63%, 04/13/30 (Call 01/13/30)		105		103,182
Cars.com Inc., 6.38%, 11/01/28 (Call 04/01/24)(b)		25		24,204

S C H E D U L E  O F  I N V E S T M E N T S 37

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Internet (continued)
Cogent Communications Group Inc.
3.50%, 05/01/26 (Call 02/01/26)(b)(c)	$	35	$	33,418
7.00%, 06/15/27 (Call 06/15/24)(b)		25		24,968
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)		75		69,157
1.90%, 03/11/25 (Call 02/11/25)		138		133,164
2.60%, 05/10/31 (Call 02/10/31)		55		46,619
2.70%, 03/11/30 (Call 12/11/29)		70		61,160
3.60%, 06/05/27 (Call 03/05/27)		77		73,540
3.65%, 05/10/51 (Call 11/10/50)		60		43,390
4.00%, 07/15/42 (Call 01/15/42)		65		51,566
Gen Digital Inc.
5.00%, 04/15/25 (Call 03/11/24)(b)		60		59,404
6.75%, 09/30/27 (Call 09/30/24)(b)		50		50,302
7.13%, 09/30/30 (Call 09/30/25)(b)(c)		35		35,754
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 04/01/24)(b)		45		40,081
5.25%, 12/01/27 (Call 04/01/24)(b)		40		38,828
GrubHub Holdings Inc., 5.50%, 07/01/27 (Call 03/11/24)(b)		30		26,160
Meituan, 2.13%, 10/28/25 (Call 09/28/25)(e)		200		188,460
Prosus NV
3.68%, 01/21/30 (Call 10/21/29)(e)		200		172,532
4.99%, 01/19/52 (Call 07/19/51)(e)		200		146,728
Rakuten Group Inc.
5.13%, (Call 04/22/26), (5-year CMT + 4.578%)(a)(b)(c)(f)		45		38,261
6.25%, (Call 04/22/31), (5-year CMT + 4.956%)(a)(b)(f)		40		28,826
VeriSign Inc.
2.70%, 06/15/31 (Call 03/15/31)		75		62,343
4.75%, 07/15/27 (Call 04/01/24)		40		39,213
Ziff Davis Inc., 4.63%, 10/15/30 (Call 10/15/25)(b)		25		22,426
				2,493,468
Iron & Steel — 0.2%
ATI Inc.
4.88%, 10/01/29 (Call 10/01/24)		20		18,583
5.13%, 10/01/31 (Call 10/01/26)		20		18,301
5.88%, 12/01/27 (Call 04/01/24)		25		24,491
7.25%, 08/15/30 (Call 08/15/26)		25		25,711
Carpenter Technology Corp.
6.38%, 07/15/28 (Call 04/01/24)		20		19,925
7.63%, 03/15/30 (Call 03/15/25)		20		20,656
Cleveland-Cliffs Inc.
4.63%, 03/01/29 (Call 04/01/24)(b)(c)		25		23,137
4.88%, 03/01/31 (Call 03/01/26)(b)(c)		20		18,012
5.88%, 06/01/27 (Call 04/01/24)		31		30,676
6.25%, 10/01/40		15		13,095
6.75%, 03/15/26 (Call 04/01/24)(b)		45		45,372
6.75%, 04/15/30 (Call 04/15/26)(b)		45		44,673
Commercial Metals Co.
3.88%, 02/15/31 (Call 02/15/26)		20		17,495
4.13%, 01/15/30 (Call 01/15/25)		15		13,697
4.38%, 03/15/32 (Call 03/15/27)		20		17,808
GUSAP III LP, 4.25%, 01/21/30 (Call 07/21/29)(e)		200		186,973
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)(b)		30		30,537
8.13%, 05/01/27 (Call 04/01/24)(b)		46		46,405
8.50%, 05/01/30 (Call 05/01/25)(b)		40		41,343
9.25%, 10/01/28 (Call 10/01/25)(b)		55		57,760

Security	Par (000)		Value
Iron & Steel (continued)
Reliance Inc.
1.30%, 08/15/25 (Call 07/15/25)	$	115	$	107,941
2.15%, 08/15/30 (Call 05/15/30)		70		58,078
Steel Dynamics Inc.
1.65%, 10/15/27 (Call 08/15/27)		60		53,332
2.40%, 06/15/25 (Call 05/15/25)		62		59,558
3.25%, 01/15/31 (Call 10/15/30)		25		22,155
3.25%, 10/15/50 (Call 04/15/50)		15		9,824
3.45%, 04/15/30 (Call 01/15/30)		30		27,263
5.00%, 12/15/26 (Call 04/01/24)		40		39,673
U.S. Steel Corp., 6.65%, 06/01/37		15		15,493
				1,107,967
Leisure Time — 0.1%
Brunswick Corp.
2.40%, 08/18/31 (Call 05/18/31)		25		19,671
4.40%, 09/15/32 (Call 06/15/32)(c)		15		13,379
5.10%, 04/01/52 (Call 10/01/51)		25		19,761
Harley-Davidson Financial Services Inc., 3.05%, 02/14/27 (Call 01/14/27)(b)		10		9,370
Harley-Davidson Inc., 4.63%, 07/28/45 (Call 01/28/45)		28		22,086
NCL Corp. Ltd.
5.88%, 03/15/26 (Call 12/15/25)(b)		80		78,116
5.88%, 02/15/27 (Call 03/11/24)(b)		60		59,284
7.75%, 02/15/29 (Call 11/15/28)(b)(c)		35		35,865
8.13%, 01/15/29 (Call 01/15/26)(b)		40		42,144
8.38%, 02/01/28 (Call 02/01/25)(b)		30		31,512
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(b)(c)		25		24,389
				355,577
Lodging — 0.1%
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(b)		85		72,614
3.75%, 05/01/29 (Call 05/01/24)(b)		45		40,978
4.00%, 05/01/31 (Call 05/01/26)(b)		61		54,219
4.88%, 01/15/30 (Call 01/15/25)		50		47,548
5.38%, 05/01/25 (Call 03/11/24)(b)		26		25,975
5.75%, 05/01/28 (Call 04/01/24)(b)		35		34,913
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(b)		30		26,475
5.00%, 06/01/29 (Call 06/01/24)(b)		50		46,346
6.63%, 01/15/32 (Call 01/15/27)(b)		50		50,004
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 03/18/24)		35		34,152
Hyatt Hotels Corp.
5.75%, 01/30/27 (Call 12/30/26)		90		91,078
5.75%, 04/23/30 (Call 01/23/30)		35		35,665
Marriott Ownership Resorts Inc.
4.50%, 06/15/29 (Call 06/15/24)(b)(c)		30		27,210
4.75%, 01/15/28 (Call 04/01/24)		25		23,236
Studio City Co. Ltd., 7.00%, 02/15/27 (Call 04/01/24)(b)		50		49,801
Studio City Finance Ltd., 5.00%, 01/15/29 (Call 04/01/24)(b)		70		61,260
Travel & Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)(b)		35		32,102
4.63%, 03/01/30 (Call 12/01/29)(b)(c)		20		18,055
6.00%, 04/01/27 (Call 01/01/27)		30		29,849
6.60%, 10/01/25 (Call 07/01/25)		25		25,244

38 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Lodging (continued)
6.63%, 07/31/26 (Call 04/30/26)(b)	$	35	$	35,360
				862,084
Machinery — 0.7%
ABB Finance USA Inc., 4.38%, 05/08/42		10		8,975
ATS Corp., 4.13%, 12/15/28 (Call 04/01/24)(b)		25		22,809
Caterpillar Financial Services Corp.
0.80%, 11/13/25		45		41,947
0.90%, 03/02/26		105		96,923
1.10%, 09/14/27		169		148,916
1.15%, 09/14/26		10		9,116
1.45%, 05/15/25		95		90,853
1.70%, 01/08/27		55		50,574
2.40%, 08/09/26(c)		50		47,143
Caterpillar Inc.
1.90%, 03/12/31 (Call 12/12/30)		25		20,978
2.60%, 09/19/29 (Call 06/19/29)		106		95,425
2.60%, 04/09/30 (Call 01/09/30)		44		39,092
3.25%, 09/19/49 (Call 03/19/49)		50		36,800
3.25%, 04/09/50 (Call 10/09/49)		65		48,050
3.80%, 08/15/42		60		50,066
4.30%, 05/15/44 (Call 11/15/43)		50		45,160
4.75%, 05/15/64 (Call 11/15/63)		40		36,170
5.20%, 05/27/41		75		75,776
6.05%, 08/15/36		40		43,818
Chart Industries Inc.
7.50%, 01/01/30 (Call 01/01/26)(b)		80		82,538
9.50%, 01/01/31 (Call 01/01/26)(b)		31		33,300
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		12		10,972
1.88%, 01/15/26 (Call 12/15/25)		75		70,291
5.50%, 01/12/29 (Call 12/12/28)		20		20,266
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)		104		99,788
Deere & Co.
2.75%, 04/15/25 (Call 03/15/25)		112		109,071
2.88%, 09/07/49 (Call 03/07/49)		40		27,835
3.10%, 04/15/30 (Call 01/15/30)		81		73,698
3.75%, 04/15/50 (Call 10/15/49)		60		49,118
3.90%, 06/09/42 (Call 12/09/41)		75		64,000
5.38%, 10/16/29		25		25,812
7.13%, 03/03/31		25		28,543
Dover Corp.
2.95%, 11/04/29 (Call 08/04/29)		50		44,601
3.15%, 11/15/25 (Call 08/15/25)		72		69,428
5.38%, 10/15/35		10		10,169
5.38%, 03/01/41 (Call 12/01/40)		37		36,392
Flowserve Corp.
2.80%, 01/15/32 (Call 10/15/31)		25		20,436
3.50%, 10/01/30 (Call 07/01/30)		49		43,103
IDEX Corp.
2.63%, 06/15/31 (Call 03/15/31)		50		42,141
3.00%, 05/01/30 (Call 02/01/30)		74		64,612
John Deere Capital Corp.
0.70%, 01/15/26		62		57,393
1.05%, 06/17/26		57		52,253
1.30%, 10/13/26		35		31,977
1.45%, 01/15/31		22		17,758
1.50%, 03/06/28		12		10,569
1.75%, 03/09/27		75		68,575
2.00%, 06/17/31		32		26,451
2.25%, 09/14/26		90		84,250
2.45%, 01/09/30		71		62,390

Security	Par (000)		Value
Machinery (continued)
2.65%, 06/10/26	$	77	$	73,388
2.80%, 09/08/27		90		84,218
2.80%, 07/18/29		60		54,539
3.05%, 01/06/28		43		40,568
3.40%, 06/06/25		114		111,696
3.40%, 09/11/25		68		66,397
3.45%, 03/13/25		91		89,372
3.45%, 03/07/29		72		67,895
4.15%, 09/15/27		40		39,201
4.50%, 01/16/29		200		197,094
Manitowoc Co. Inc. (The), 9.00%, 04/01/26 (Call 03/18/24)(b)(c)		21		20,997
Mueller Water Products Inc., 4.00%, 06/15/29 (Call 06/15/24)(b)(c)		26		23,651
nVent Finance Sarl, 2.75%, 11/15/31 (Call 08/15/31)		60		48,914
Otis Worldwide Corp.
2.06%, 04/05/25 (Call 03/05/25)		166		159,895
2.29%, 04/05/27 (Call 02/05/27)		75		69,303
2.57%, 02/15/30 (Call 11/15/29)		120		104,512
3.11%, 02/15/40 (Call 08/15/39)		70		53,224
3.36%, 02/15/50 (Call 08/15/49)		35		25,314
Rockwell Automation Inc.
2.80%, 08/15/61 (Call 02/15/61)		25		14,938
3.50%, 03/01/29 (Call 12/01/28)		110		104,816
4.20%, 03/01/49 (Call 09/01/48)		45		38,343
SPX FLOW Inc., 8.75%, 04/01/30 (Call 04/01/25)(b)		30		29,404
Terex Corp., 5.00%, 05/15/29 (Call 05/15/24)(b)		35		32,780
Vertiv Group Corp., 4.13%, 11/15/28 (Call 11/15/24)(b)		50		46,162
Weir Group PLC (The), 2.20%, 05/13/26 (Call 04/13/26)(b)		55		50,945
Westinghouse Air Brake Technologies Corp.
3.45%, 11/15/26 (Call 08/15/26)		45		42,789
4.70%, 09/15/28 (Call 06/15/28)		60		58,529
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)		55		49,141
2.25%, 01/30/31 (Call 10/30/30)		50		41,891
3.25%, 11/01/26 (Call 08/01/26)		75		71,602
4.38%, 11/01/46 (Call 05/01/46)		22		18,613
				4,376,452
Machinery - Diversified — 0.0%
Ingersoll Rand Inc., 5.70%, 08/14/33 (Call 05/14/33)		20		20,355
Manufacturing — 0.3%
Carlisle Companies Inc.
2.75%, 03/01/30 (Call 12/01/29)		41		35,659
3.75%, 12/01/27 (Call 09/01/27)		64		60,820
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)		115		108,686
3.92%, 09/15/47 (Call 03/15/47)		20		16,363
4.00%, 11/02/32		35		32,793
4.15%, 11/02/42		60		52,087
4.70%, 08/23/52 (Call 02/23/52)		45		41,519
Enpro Inc., 5.75%, 10/15/26 (Call 04/01/24)		25		24,722
Gates Global LLC/Gates Corp., 6.25%, 01/15/26 (Call 04/01/24)(b)(c)		30		29,968
Hillenbrand Inc.
3.75%, 03/01/31 (Call 03/01/26)		25		21,317
5.00%, 09/15/26 (Call 07/15/26)		21		20,566
5.75%, 06/15/25 (Call 03/11/24)		20		19,898
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)		70		66,549

S C H E D U L E  O F  I N V E S T M E N T S 39

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Manufacturing (continued)
3.90%, 09/01/42 (Call 03/01/42)	$	48	$	40,869
4.88%, 09/15/41 (Call 03/15/41)		67		64,737
Parker-Hannifin Corp.
3.25%, 03/01/27 (Call 12/01/26)		5		4,756
3.25%, 06/14/29 (Call 03/14/29)		81		74,531
4.00%, 06/14/49 (Call 12/14/48)		40		32,637
4.10%, 03/01/47 (Call 09/01/46)		35		28,740
4.20%, 11/21/34 (Call 05/21/34)		56		51,564
4.45%, 11/21/44 (Call 05/21/44)		30		26,316
Pentair Finance Sarl, 4.50%, 07/01/29 (Call 04/01/29)		45		43,400
Siemens Financieringsmaatschappij NV
1.70%, 03/11/28(b)		250		222,572
2.15%, 03/11/31(b)		280		233,381
3.30%, 09/15/46(b)		260		196,589
6.13%, 08/17/26(b)		270		276,898
Teledyne Technologies Inc.
1.60%, 04/01/26 (Call 03/01/26)		80		74,180
2.25%, 04/01/28 (Call 02/01/28)		120		107,526
Trinity Industries Inc., 7.75%, 07/15/28 (Call 07/15/25)(b)		20		20,705
				2,030,348
Media — 1.7%
Belo Corp.
7.25%, 09/15/27(c)		15		15,203
7.75%, 06/01/27(c)		15		15,376
Cable One Inc., 4.00%, 11/15/30 (Call 11/15/25)(b)(c)		40		30,201
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)(b)		200		160,806
4.25%, 01/15/34 (Call 01/15/28)(b)		110		82,265
4.50%, 08/15/30 (Call 02/15/25)(b)		200		165,901
4.50%, 05/01/32 (Call 05/01/26)		170		134,332
4.50%, 06/01/33 (Call 06/01/27)(b)		100		76,955
4.75%, 03/01/30 (Call 09/01/24)(b)		200		170,163
4.75%, 02/01/32 (Call 02/01/27)(b)		65		52,474
5.00%, 02/01/28 (Call 03/18/24)(b)		200		184,728
5.13%, 05/01/27 (Call 04/01/24)(b)		175		165,401
5.38%, 06/01/29 (Call 06/01/24)(b)		45		40,614
Charter Communications Operating LLC/Charter Communications Operating Capital
2.30%, 02/01/32 (Call 11/01/31)		40		30,385
3.50%, 06/01/41 (Call 12/01/40)		160		105,862
3.85%, 04/01/61 (Call 10/01/60)		365		211,513
3.90%, 06/01/52 (Call 12/01/51)		550		345,136
4.20%, 03/15/28 (Call 12/15/27)		165		154,599
4.40%, 04/01/33 (Call 01/01/33)(c)		95		82,967
4.80%, 03/01/50 (Call 09/01/49)		50		36,125
4.91%, 07/23/25 (Call 04/23/25)		265		261,303
5.05%, 03/30/29 (Call 12/30/28)		145		138,712
5.75%, 04/01/48 (Call 10/01/47)		75		62,327
6.38%, 10/23/35 (Call 04/23/35)		190		183,569
6.48%, 10/23/45 (Call 04/23/45)		400		365,313
6.65%, 02/01/34 (Call 11/01/33)(c)		5		5,009
6.83%, 10/23/55 (Call 04/23/55)		5		4,729
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)		200		159,359
1.95%, 01/15/31 (Call 10/15/30)		210		172,452
2.45%, 08/15/52 (Call 02/15/52)		105		60,247
2.65%, 02/01/30 (Call 11/01/29)		145		127,617
2.65%, 08/15/62 (Call 02/15/62)(c)		90		50,177
2.80%, 01/15/51 (Call 07/15/50)		100		62,470
2.89%, 11/01/51 (Call 05/01/51)		300		190,044

Security	Par (000)		Value
Media (continued)
2.94%, 11/01/56 (Call 05/01/56)	$	385	$	237,060
2.99%, 11/01/63 (Call 05/01/63)		250		149,595
3.15%, 03/01/26 (Call 12/01/25)		55		53,083
3.15%, 02/15/28 (Call 11/15/27)		45		42,202
3.20%, 07/15/36 (Call 01/15/36)		15		12,112
3.25%, 11/01/39 (Call 05/01/39)		80		61,437
3.30%, 02/01/27 (Call 11/01/26)		120		115,041
3.30%, 04/01/27 (Call 02/01/27)		50		47,699
3.40%, 04/01/30 (Call 01/01/30)		205		187,610
3.40%, 07/15/46 (Call 01/15/46)		50		36,678
3.45%, 02/01/50 (Call 08/01/49)		160		114,902
3.55%, 05/01/28 (Call 02/01/28)		30		28,469
3.75%, 04/01/40 (Call 10/01/39)		100		81,726
3.90%, 03/01/38 (Call 09/01/37)		95		81,520
3.95%, 10/15/25 (Call 08/15/25)		170		167,054
3.97%, 11/01/47 (Call 05/01/47)		115		91,215
4.00%, 03/01/48 (Call 09/01/47)		75		59,462
4.00%, 11/01/49 (Call 05/01/49)		145		114,677
4.05%, 11/01/52 (Call 05/01/52)		80		63,098
4.15%, 10/15/28 (Call 07/15/28)		315		305,779
4.20%, 08/15/34 (Call 02/15/34)		55		50,528
4.25%, 10/15/30 (Call 07/15/30)		100		95,569
4.25%, 01/15/33		165		154,550
4.40%, 08/15/35 (Call 02/15/35)		35		32,425
4.60%, 10/15/38 (Call 04/15/38)		30		27,604
4.70%, 10/15/48 (Call 04/15/48)		105		94,788
4.80%, 05/15/33 (Call 02/15/33)		125		122,140
4.95%, 10/15/58 (Call 04/15/58)		70		64,641
5.25%, 11/07/25		140		140,611
5.35%, 05/15/53 (Call 11/15/52)		50		48,765
6.50%, 11/15/35		130		141,785
7.05%, 03/15/33		5		5,620
Discovery Communications LLC
3.45%, 03/15/25 (Call 12/15/24)		40		39,060
3.63%, 05/15/30 (Call 02/15/30)		80		70,306
3.95%, 06/15/25 (Call 03/15/25)		40		39,053
3.95%, 03/20/28 (Call 12/20/27)		115		107,514
4.00%, 09/15/55 (Call 03/15/55)		81		53,618
4.13%, 05/15/29 (Call 02/15/29)		50		46,205
4.65%, 05/15/50 (Call 11/15/49)		62		47,072
4.88%, 04/01/43		59		47,234
4.90%, 03/11/26 (Call 12/11/25)		55		54,150
5.00%, 09/20/37 (Call 03/20/37)		40		34,228
5.20%, 09/20/47 (Call 03/20/47)		77		62,632
5.30%, 05/15/49 (Call 11/15/48)		58		47,304
6.35%, 06/01/40		40		38,452
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(b)(c)		45		28,996
5.38%, 11/15/31 (Call 11/15/26)(b)(c)		68		44,031
5.88%, 07/15/26 (Call 04/01/24)(b)		40		37,967
7.00%, 05/15/27 (Call 03/11/24)(b)(c)		40		36,131
Grupo Televisa SAB, 6.13%, 01/31/46 (Call 07/31/45)		200		195,152
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 04/01/24)(b)		30		21,577
5.25%, 08/15/27 (Call 03/18/24)(b)(c)		40		29,650
6.38%, 05/01/26 (Call 03/18/24)		45		37,622
8.38%, 05/01/27 (Call 03/18/24)(c)		50		29,723
NBCUniversal Media LLC, 4.45%, 01/15/43		120		104,871
Nexstar Media Inc.
4.75%, 11/01/28 (Call 03/11/24)(b)(c)		55		48,891
5.63%, 07/15/27 (Call 03/11/24)(b)		90		85,299

40 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 04/01/24)(b)	$	30	$	23,451
5.38%, 01/15/31 (Call 01/15/26)(b)		25		14,248
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 04/01/24)(b)		25		20,750
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 04/01/24)(b)		55		51,389
3.88%, 09/01/31 (Call 09/01/26)(b)(c)		85		70,375
4.00%, 07/15/28 (Call 07/15/24)(b)		105		94,665
4.13%, 07/01/30 (Call 07/01/25)(b)		80		69,058
5.00%, 08/01/27 (Call 04/01/24)(b)		85		81,142
5.50%, 07/01/29 (Call 07/01/24)(b)		70		66,216
Sky Group Finance Ltd., 6.50%, 10/15/35(b)		40		43,609
TEGNA Inc.
4.63%, 03/15/28 (Call 04/01/24)(c)		50		45,167
4.75%, 03/15/26 (Call 04/01/24)(b)		31		29,985
5.00%, 09/15/29 (Call 09/15/24)		60		52,818
Thomson Reuters Corp.
3.35%, 05/15/26 (Call 02/15/26)		21		20,142
5.50%, 08/15/35		25		25,378
5.65%, 11/23/43 (Call 05/23/43)		25		24,280
5.85%, 04/15/40		27		27,408
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		65		72,084
Time Warner Cable LLC
5.50%, 09/01/41 (Call 03/01/41)		270		222,471
6.55%, 05/01/37		5		4,694
7.30%, 07/01/38		170		169,388
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)(b)		85		72,744
Ziggo Bond Co. BV
5.13%, 02/28/30 (Call 02/15/25)(b)		30		25,659
6.00%, 01/15/27 (Call 04/02/24)(b)		25		24,412
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)(b)		50		44,559
				9,916,609
Metal Fabricate & Hardware — 0.0%
Advanced Drainage Systems Inc.
5.00%, 09/30/27 (Call 03/18/24)(b)		25		24,166
6.38%, 06/15/30 (Call 07/15/25)(b)		30		30,114
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28)		30		29,119
Valmont Industries Inc., 5.00%, 10/01/44 (Call 04/01/44)		37		32,231
				115,630
Mining — 0.2%
Antofagasta PLC, 5.63%, 05/13/32 (Call 02/13/32)(e)		200		199,912
Century Aluminum Co., 7.50%, 04/01/28 (Call 04/01/24)(b)(c)		15		14,550
Coeur Mining Inc., 5.13%, 02/15/29 (Call 04/01/24)(b)(c)		20		18,424
Compass Minerals International Inc., 6.75%, 12/01/27 (Call 03/11/24)(b)		30		29,338
Constellium SE
3.75%, 04/15/29 (Call 04/15/24)(b)		30		26,701
5.63%, 06/15/28 (Call 03/11/24)(b)		20		19,319
5.88%, 02/15/26 (Call 04/02/24)(b)		20		19,829
FMG Resources August 2006 Pty. Ltd.
4.38%, 04/01/31 (Call 01/01/31)(b)		85		76,061
4.50%, 09/15/27 (Call 06/15/27)(b)		30		28,790
FMG Resources August Pty. Ltd.
5.88%, 04/15/30 (Call 01/15/30)(b)		40		39,135

Security	Par (000)		Value
Mining (continued)
6.13%, 04/15/32 (Call 01/15/32)(b)	$	45	$	44,460
Hecla Mining Co., 7.25%, 02/15/28 (Call 03/18/24)		30		29,939
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(b)		30		25,671
4.63%, 03/01/28 (Call 04/01/24)(b)		30		27,704
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27)		105		102,044
New Gold Inc., 7.50%, 07/15/27 (Call 04/01/24)(b)(c)		25		24,833
Newmont Corp., 4.88%, 03/15/42 (Call 09/15/41)		150		137,806
Newmont Corp./Newcrest Finance Pty Ltd.
3.25%, 05/13/30 (Call 02/13/30)(b)		100		89,571
4.20%, 05/13/50 (Call 11/13/49)		30		24,519
Perenti Finance Pty Ltd., 6.50%, 10/07/25 (Call 03/11/24)(b)		30		29,803
Taseko Mines Ltd., 7.00%, 02/15/26 (Call 04/01/24)(b)		25		24,667
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31)		50		41,240
				1,074,316
Miscellaneous – Manufacturing — 0.0%
Hillenbrand Inc., 6.25%, 02/15/29 (Call 02/15/26)		16		16,003
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp. 2.67%, 12/01/26 (Call 11/01/26)		74		68,682
3.25%, 02/15/29 (Call 04/01/24)		45		40,112
3.28%, 12/01/28 (Call 10/01/28)		60		54,020
3.57%, 12/01/31 (Call 09/01/31)		55		47,695
4.13%, 05/01/25 (Call 04/01/24)		30		29,408
4.25%, 04/01/28 (Call 04/01/24)		40		38,085
Pitney Bowes Inc. 6.88%, 03/15/27 (Call 03/15/24)(b)(c)		25		22,536
7.25%, 03/15/29 (Call 03/15/24)(b)(c)		20		17,314
Xerox Corp. 4.80%, 03/01/35		15		11,362
6.75%, 12/15/39		17		14,539
Xerox Holdings Corp. 5.00%, 08/15/25 (Call 07/15/25)(b)		45		44,260
5.50%, 08/15/28 (Call 07/15/28)(b)		40		36,170
				424,183
Office Furnishings — 0.0%
Interface Inc., 5.50%, 12/01/28 (Call 03/18/24)(b)		15		14,130
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28)		27		25,583
				39,713
Packaging & Containers — 0.3%
AptarGroup Inc., 3.60%, 03/15/32 (Call 12/15/31)		10		8,781
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)(c)		70		59,252
3.13%, 09/15/31 (Call 06/15/31)(c)		40		33,681
6.00%, 06/15/29 (Call 05/15/26)		65		65,350
6.88%, 03/15/28 (Call 11/15/24)		40		40,989
Berry Global Inc.
1.57%, 01/15/26 (Call 12/15/25)		125		116,449
4.50%, 02/15/26 (Call 04/01/24)(b)		20		19,388
5.63%, 07/15/27 (Call 04/01/24)(b)(c)		30		29,601
5.65%, 01/15/34 (Call 10/15/33)(b)		50		49,349
Brambles USA Inc., 4.13%, 10/23/25 (Call 07/25/25)(b)		60		58,645
Cascades Inc./Cascades USA Inc.
5.13%, 01/15/26 (Call 04/01/24)(b)(c)		15		14,616
5.38%, 01/15/28 (Call 04/01/24)(b)		27		26,105
Clearwater Paper Corp., 4.75%, 08/15/28 (Call 03/18/24)(b)		20		18,505

S C H E D U L E  O F  I N V E S T M E N T S 41

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Packaging & Containers (continued)
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30)	$	25	$	24,080
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)		15		14,406
Crown Cork & Seal Co. Inc., 7.38%, 12/15/26		20		21,047
OI European Group BV, 4.75%, 02/15/30 (Call 11/15/24)(b)(c)		25		23,032
Owens-Brockway Glass Container Inc.
6.63%, 05/13/27 (Call 04/01/24)(b)		35		34,944
7.25%, 05/15/31 (Call 05/15/26)(b)		40		40,472
Packaging Corp. of America, 3.05%, 10/01/51 (Call 04/01/51)		105		69,968
Sealed Air Corp.
1.57%, 10/15/26 (Call 09/15/26)(b)		115		103,485
4.00%, 12/01/27 (Call 09/01/27)(b)		25		23,329
5.00%, 04/15/29 (Call 04/15/25)(b)(c)		25		23,795
5.50%, 09/15/25 (Call 06/15/25)(b)		25		24,951
6.88%, 07/15/33(b)		25		25,840
Sealed Air Corp./Sealed Air Corp. U.S.
6.13%, 02/01/28 (Call 02/01/25)(b)		45		44,905
7.25%, 02/15/31 (Call 11/15/26)(b)		20		20,667
Silgan Holdings Inc., 4.13%, 02/01/28 (Call 03/18/24)		25		23,410
Sonoco Products Co.
2.25%, 02/01/27 (Call 01/01/27)		10		9,177
2.85%, 02/01/32 (Call 11/01/31)		5		4,220
3.13%, 05/01/30 (Call 02/01/30)		75		66,555
TriMas Corp., 4.13%, 04/15/29 (Call 04/15/24)(b)(c)		25		22,784
Trivium Packaging Finance BV
5.50%, 08/15/26 (Call 04/02/24)(b)		60		58,520
8.50%, 08/15/27 (Call 03/11/24)(b)		40		38,988
WestRock MWV LLC, 8.20%, 01/15/30		5		5,685
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)		50		42,138
3.38%, 09/15/27 (Call 06/15/27)		10		9,410
3.75%, 03/15/25 (Call 01/15/25)		30		29,382
3.90%, 06/01/28 (Call 03/01/28)		20		18,957
4.00%, 03/15/28 (Call 12/15/27)		60		57,271
4.20%, 06/01/32 (Call 03/01/32)		20		18,792
4.65%, 03/15/26 (Call 01/15/26)		155		152,961
4.90%, 03/15/29 (Call 12/15/28)		40		39,603
				1,633,485
Pharmaceuticals — 0.5%
180 Medical Inc., 3.88%, 10/15/29 (Call 10/07/24)(b)		35		31,326
AdaptHealth LLC
4.63%, 08/01/29 (Call 04/01/24)(b)		30		24,976
5.13%, 03/01/30 (Call 03/01/25)(b)		35		29,276
6.13%, 08/01/28 (Call 03/11/24)(b)		10		9,198
Astrazeneca Finance LLC
4.80%, 02/26/27 (Call 01/26/27)		210		209,460
4.85%, 02/26/29 (Call 01/26/29)		260		259,899
5.00%, 02/26/34 (Call 11/26/33)		100		100,370
AstraZeneca PLC
4.38%, 08/17/48 (Call 02/17/48)		100		88,790
6.45%, 09/15/37		160		180,177
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 04/01/24)(b)(c)		40		22,712
9.25%, 04/01/26 (Call 04/01/24)(b)		40		37,468
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 06/01/24)(b)		95		54,005
5.00%, 01/30/28 (Call 03/18/24)(b)		25		11,197
5.00%, 02/15/29 (Call 03/11/24)(b)(c)		25		11,023

Security	Par (000)		Value
Pharmaceuticals (continued)
5.25%, 01/30/30 (Call 01/30/25)(b)(c)	$	50	$	21,701
5.25%, 02/15/31 (Call 02/15/26)(b)(c)		25		10,829
5.50%, 11/01/25 (Call 04/01/24)(b)(c)		90		83,628
5.75%, 08/15/27 (Call 03/18/24)(b)		30		18,342
6.13%, 02/01/27 (Call 04/01/24)(b)(c)		55		35,109
6.25%, 02/15/29 (Call 03/11/24)(b)		50		22,971
7.25%, 05/30/29 (Call 05/30/24)(b)		20		8,889
9.00%, 12/15/25 (Call 04/01/24)(b)		55		52,282
11.00%, 09/30/28(b)(c)		125		84,207
14.00%, 10/15/30 (Call 10/15/25)(b)(c)		20		11,596
Elanco Animal Health Inc., 6.65%, 08/28/28 (Call 05/28/28)		45		45,580
EMD Finance LLC, 3.25%, 03/19/25 (Call 12/19/24)(b)		100		97,790
Grifols SA, 4.75%, 10/15/28 (Call 10/15/24)(b)		45		37,289
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 04/01/24)(b)		35		34,089
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(b)(c)		35		25,003
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(b)		85		78,274
Novartis Capital Corp.
2.20%, 08/14/30 (Call 05/14/30)		100		85,898
3.10%, 05/17/27 (Call 02/17/27)		170		161,754
4.40%, 05/06/44		205		186,572
Option Care Health Inc., 4.38%, 10/31/29 (Call 10/31/24)(b)(c)		30		27,390
Organon & Co./Organon Foreign Debt Co.-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)(b)		110		100,564
5.13%, 04/30/31 (Call 04/30/26)(b)		110		94,166
Owens & Minor Inc.
4.50%, 03/31/29 (Call 04/01/24)(b)(c)		30		26,811
6.63%, 04/01/30 (Call 04/01/25)(b)(c)		30		29,013
Perrigo Finance Unlimited Co.
4.38%, 03/15/26 (Call 12/15/25)		40		38,636
4.65%, 06/15/30 (Call 03/15/30)		40		35,919
4.90%, 12/15/44 (Call 06/15/44)		20		15,642
Zoetis Inc.
3.00%, 09/12/27 (Call 06/12/27)		45		42,122
3.00%, 05/15/50 (Call 11/15/49)		55		37,648
3.90%, 08/20/28 (Call 05/20/28)		30		28,840
3.95%, 09/12/47 (Call 03/12/47)		48		38,663
4.45%, 08/20/48 (Call 02/20/48)		20		17,495
4.50%, 11/13/25 (Call 08/13/25)		60		59,245
4.70%, 02/01/43 (Call 08/01/42)		50		45,674
				2,809,508
Private Equity — 0.0%
Apollo Management Holdings LP, 4.87%, 02/15/29 (Call 11/15/28)(b)(c)		15		14,795
Carlyle Finance LLC, 5.65%, 09/15/48 (Call 03/15/48)(b)		25		23,410
Carlyle Finance Subsidiary LLC, 3.50%, 09/19/29 (Call 06/19/29)(b)		65		59,872
Carlyle Holdings II Finance LLC, 5.63%, 03/30/43(b)		35		33,309
				131,386
Real Estate — 0.3%
American Homes 4 Rent LP, 5.50%, 02/01/34 (Call 11/01/33)		40		39,267
Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp., 7.00%, 04/15/30 (Call 04/15/25)(b)		29		26,459

42 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate (continued)
AvalonBay Communities Inc., 5.30%, 12/07/33 (Call 09/07/33)	$	25	$	25,063
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)(c)		25		20,530
4.88%, 03/01/26 (Call 12/01/25)		65		64,218
Corp. Inmobiliaria Vesta SAB de CV, 3.63%, 05/13/31 (Call 02/13/31)(e)		200		169,387
Cushman & Wakefield U.S. Borrower LLC
6.75%, 05/15/28 (Call 04/01/24)(b)		40		39,429
8.88%, 09/01/31 (Call 09/01/26)(b)		25		26,119
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, 06/15/27 (Call 03/15/27)(b)		30		31,161
Hongkong Land Finance Cayman Islands Co. Ltd. (The), 2.88%, 05/27/30 (Call 02/27/30)(e)		200		173,203
Howard Hughes Corp. (The) 4.13%, 02/01/29 (Call 03/18/24)(b)		40		35,559
4.38%, 02/01/31 (Call 02/01/26)(b)		35		29,908
5.38%, 08/01/28 (Call 04/01/24)(b)		45		42,476
Hysan MTN Ltd., 2.88%, 06/02/27 (Call 03/02/27)(e)		200		183,022
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 04/01/24)		30		24,337
4.75%, 02/01/30 (Call 09/01/24)		35		27,700
5.00%, 03/01/31 (Call 03/01/26)		35		27,211
MAF Sukuk Ltd., 3.93%, 02/28/30(e)		200		186,303
Mid-America Apartments LP, 5.00%, 03/15/34 (Call 12/15/33)		20		19,466
Realogy Group LLC/Realogy Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)(b)(c)		8		5,604
5.75%, 01/15/29 (Call 03/18/24)(b)		33		24,551
Sun Hung Kai Properties Capital Market Ltd., 2.75%, 05/13/30 (Call 02/13/30)(e)		200		173,024
Swire Properties MTN Financing Ltd., 3.50%, 01/10/28(e)		200		187,813
Vanke Real Estate Hong Kong Co. Ltd., 3.50%, 11/12/29(e)		200		90,712
Wharf REIC Finance BVI Ltd., 2.38%, 05/07/25(e)		200		192,269
				1,864,791
Real Estate Investment Trusts — 2.1%
Alexandria Real Estate Equities Inc. 2.00%, 05/18/32 (Call 02/18/32)		80		61,756
2.75%, 12/15/29 (Call 09/15/29)		15		13,050
2.95%, 03/15/34 (Call 12/15/33)		105		84,646
3.00%, 05/18/51 (Call 11/18/50)		82		51,453
3.38%, 08/15/31 (Call 05/15/31)		60		52,688
3.45%, 04/30/25 (Call 02/28/25)		50		48,830
3.55%, 03/15/52 (Call 09/15/51)		40		27,755
3.80%, 04/15/26 (Call 02/15/26)		90		87,236
3.95%, 01/15/27 (Call 10/15/26)		48		46,274
4.00%, 02/01/50 (Call 08/01/49)		40		30,134
4.30%, 01/15/26 (Call 10/15/25)		35		34,336
4.50%, 07/30/29 (Call 04/30/29)		50		47,940
4.70%, 07/01/30 (Call 04/01/30)		55		52,865
4.85%, 04/15/49 (Call 10/15/48)		15		13,108
4.90%, 12/15/30 (Call 09/15/30)		81		78,833
5.63%, 05/15/54 (Call 11/15/53)		35		33,683
American Homes 4 Rent LP
3.38%, 07/15/51 (Call 01/15/51)		5		3,304
3.63%, 04/15/32 (Call 01/15/32)		100		87,130
4.90%, 02/15/29 (Call 11/15/28)		10		9,746
American Tower Corp.
1.30%, 09/15/25 (Call 08/15/25)		20		18,809

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
1.45%, 09/15/26 (Call 08/15/26)	$	50	$	45,450
1.50%, 01/31/28 (Call 11/30/27)		90		78,162
1.60%, 04/15/26 (Call 03/15/26)		45		41,659
1.88%, 10/15/30 (Call 07/15/30)		60		48,187
2.10%, 06/15/30 (Call 03/15/30)		59		48,562
2.30%, 09/15/31 (Call 06/15/31)		60		48,426
2.40%, 03/15/25 (Call 02/15/25)		85		82,220
2.70%, 04/15/31 (Call 01/15/31)		50		41,939
2.75%, 01/15/27 (Call 11/15/26)		89		82,887
2.90%, 01/15/30 (Call 10/15/29)		60		52,631
2.95%, 01/15/51 (Call 07/15/50)(c)		60		38,009
3.10%, 06/15/50 (Call 12/15/49)		35		22,869
3.13%, 01/15/27 (Call 10/15/26)		44		41,494
3.38%, 10/15/26 (Call 07/15/26)		89		84,871
3.55%, 07/15/27 (Call 04/15/27)		64		60,668
3.60%, 01/15/28 (Call 10/15/27)		104		97,867
3.70%, 10/15/49 (Call 04/15/49)		27		19,720
3.80%, 08/15/29 (Call 05/15/29)		81		74,974
3.95%, 03/15/29 (Call 12/15/28)		66		61,939
4.00%, 06/01/25 (Call 03/01/25)		49		48,035
4.40%, 02/15/26 (Call 11/15/25)		50		49,167
5.65%, 03/15/33 (Call 12/15/32)		90		90,503
5.90%, 11/15/33 (Call 08/15/33)		45		46,146
Apollo Commercial Real Estate Finance Inc., 4.63%, 06/15/29 (Call 06/15/24)(b)		20		16,561
AvalonBay Communities Inc.
2.05%, 01/15/32 (Call 10/15/31)(c)		75		61,190
2.45%, 01/15/31 (Call 10/17/30)		80		68,220
3.20%, 01/15/28 (Call 10/15/27)		5		4,685
3.35%, 05/15/27 (Call 02/15/27)		50		47,424
3.90%, 10/15/46 (Call 04/15/46)		40		31,241
4.15%, 07/01/47 (Call 01/01/47)		25		20,280
Blackstone Mortgage Trust Inc., 3.75%, 01/15/27 (Call 10/15/26)(b)		20		17,543
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)		50		36,900
2.55%, 04/01/32 (Call 01/01/32)		65		50,508
2.75%, 10/01/26 (Call 07/01/26)		70		64,805
2.90%, 03/15/30 (Call 12/15/29)		50		42,262
3.25%, 01/30/31 (Call 10/30/30)		85		71,563
3.40%, 06/21/29 (Call 03/21/29)		80		70,597
3.65%, 02/01/26 (Call 11/03/25)		95		91,358
4.50%, 12/01/28 (Call 09/01/28)		50		47,241
Brandywine Operating Partnership LP
3.95%, 11/15/27 (Call 08/15/27)		25		21,977
4.55%, 10/01/29 (Call 07/01/29)(c)		20		16,735
7.80%, 03/15/28 (Call 02/15/28)(c)		20		19,825
Brixmor Operating Partnership LP
2.25%, 04/01/28 (Call 02/01/28)		43		38,034
2.50%, 08/16/31 (Call 05/16/31)		20		16,241
3.90%, 03/15/27 (Call 12/15/26)		50		47,634
4.05%, 07/01/30 (Call 04/01/30)		55		50,506
4.13%, 06/15/26 (Call 03/15/26)		32		30,977
4.13%, 05/15/29 (Call 02/15/29)		25		23,357
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL
4.50%, 04/01/27 (Call 04/01/24)(b)		45		39,626
5.75%, 05/15/26 (Call 03/11/24)(b)		55		53,069
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		31		27,241
3.15%, 07/01/29 (Call 04/01/29)		34		30,930

S C H E D U L E  O F  I N V E S T M E N T S 43

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.35%, 11/01/49 (Call 05/01/49)	$	25	$	17,824
4.10%, 10/15/28 (Call 07/15/28)		20		19,261
Corporate Office Properties LP
2.00%, 01/15/29 (Call 11/15/28)		40		33,116
2.25%, 03/15/26 (Call 02/15/26)		53		49,563
2.75%, 04/15/31 (Call 01/15/31)		40		32,264
2.90%, 12/01/33 (Call 09/01/33)		25		19,110
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)		70		63,275
1.35%, 07/15/25 (Call 06/15/25)		70		66,229
2.10%, 04/01/31 (Call 01/01/31)		91		72,962
2.25%, 01/15/31 (Call 10/15/30)		67		54,762
2.50%, 07/15/31 (Call 04/15/31)		86		70,426
2.90%, 03/15/27 (Call 02/15/27)		10		9,312
2.90%, 04/01/41 (Call 10/01/40)		122		84,687
3.10%, 11/15/29 (Call 08/15/29)		55		48,667
3.25%, 01/15/51 (Call 07/15/50)		53		35,769
3.30%, 07/01/30 (Call 04/01/30)		67		59,172
3.65%, 09/01/27 (Call 06/01/27)		109		102,871
3.70%, 06/15/26 (Call 03/15/26)		115		110,820
3.80%, 02/15/28 (Call 11/15/27)		55		51,791
4.00%, 03/01/27 (Call 12/01/26)		25		24,064
4.00%, 11/15/49 (Call 05/15/49)		33		25,386
4.15%, 07/01/50 (Call 01/01/50)		50		39,538
4.30%, 02/15/29 (Call 11/15/28)		57		54,175
4.45%, 02/15/26 (Call 11/15/25)		77		75,557
5.80%, 03/01/34 (Call 12/01/33)		105		106,521
CubeSmart LP, 2.50%, 02/15/32 (Call 11/15/31)		50		40,374
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)		85		78,368
3.70%, 08/15/27 (Call 05/15/27)		155		147,725
4.45%, 07/15/28 (Call 04/15/28)		60		58,053
EPR Properties, 4.95%, 04/15/28 (Call 01/15/28)		15		14,217
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		40		37,395
1.25%, 07/15/25 (Call 06/15/25)		99		93,405
1.55%, 03/15/28 (Call 01/15/28)		55		47,873
1.80%, 07/15/27 (Call 05/15/27)		60		53,931
2.00%, 05/15/28 (Call 03/15/28)		45		39,682
2.15%, 07/15/30 (Call 04/15/30)		124		102,816
2.50%, 05/15/31 (Call 02/15/31)		20		16,701
2.90%, 11/18/26 (Call 09/18/26)		69		64,972
2.95%, 09/15/51 (Call 03/15/51)		45		28,598
3.00%, 07/15/50 (Call 01/15/50)		35		22,696
3.20%, 11/18/29 (Call 08/18/29)		65		58,418
3.40%, 02/15/52 (Call 08/15/51)		10		6,930
3.90%, 04/15/32 (Call 01/15/32)		25		22,687
Federal Realty OP LP
1.25%, 02/15/26 (Call 01/15/26)		25		23,049
3.20%, 06/15/29 (Call 03/15/29)		60		53,612
3.25%, 07/15/27 (Call 04/15/27)		25		23,354
3.50%, 06/01/30 (Call 03/01/30)		45		40,360
4.50%, 12/01/44 (Call 06/01/44)		20		16,276
Goodman U.S. Finance Three LLC, 3.70%, 03/15/28 (Call 12/15/27)(b)(c)		50		46,139
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/26 (Call 03/15/26)(b)		60		56,263
3.75%, 09/15/30(b)(c)		25		20,619
6.00%, 04/15/25 (Call 04/01/24)(b)		25		24,864
Healthpeak OP LLC
1.35%, 02/01/27 (Call 01/01/27)		35		31,491

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
2.88%, 01/15/31 (Call 10/15/30)	$	61	$	51,875
3.00%, 01/15/30 (Call 10/15/29)		50		43,869
3.25%, 07/15/26 (Call 05/15/26)		40		38,210
3.50%, 07/15/29 (Call 04/15/29)		10		9,137
4.00%, 06/01/25 (Call 03/01/25)		25		24,527
5.25%, 12/15/32 (Call 09/15/32)		45		43,997
6.75%, 02/01/41 (Call 08/01/40)		34		37,240
Highwoods Realty LP, 3.88%, 03/01/27 (Call 12/01/26)		20		18,773
Host Hotels & Resorts LP
Series F, 4.50%, 02/01/26 (Call 11/01/25)		52		50,898
Series H, 3.38%, 12/15/29 (Call 09/15/29)		72		63,701
Series I, 3.50%, 09/15/30 (Call 06/15/30)		52		45,842
Series J, 2.90%, 12/15/31 (Call 09/15/31)		15		12,385
Hudson Pacific Properties LP
3.25%, 01/15/30 (Call 10/15/29)		35		26,307
3.95%, 11/01/27 (Call 08/01/27)		20		17,280
4.65%, 04/01/29 (Call 01/01/29)		30		24,996
Invitation Homes Operating Partnership LP
4.15%, 04/15/32 (Call 01/15/32)		160		144,597
5.50%, 08/15/33 (Call 05/15/33)(c)		10		9,877
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(b)		55		48,689
4.88%, 09/15/27 (Call 03/11/24)(b)		57		54,677
4.88%, 09/15/29 (Call 09/15/24)(b)		55		51,153
5.00%, 07/15/28 (Call 03/11/24)(b)		30		28,374
5.25%, 03/15/28 (Call 03/11/24)(b)		45		43,348
5.25%, 07/15/30 (Call 07/15/25)(b)		65		60,833
5.63%, 07/15/32 (Call 07/15/26)(b)		35		32,508
7.00%, 02/15/29 (Call 08/15/25)(b)		60		60,921
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(b)		40		35,741
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)		40		29,641
2.65%, 11/15/33 (Call 08/15/33)		35		25,499
3.05%, 02/15/30 (Call 11/15/29)		15		12,564
4.25%, 08/15/29 (Call 05/15/29)		50		45,621
4.38%, 10/01/25 (Call 07/01/25)		40		38,988
4.75%, 12/15/28 (Call 09/15/28)		30		28,254
Kimco Realty OP LLC
1.90%, 03/01/28 (Call 01/01/28)		20		17,522
2.70%, 10/01/30 (Call 07/01/30)		75		63,788
2.80%, 10/01/26 (Call 07/01/26)		19		17,802
3.80%, 04/01/27 (Call 01/01/27)		35		33,538
4.13%, 12/01/46 (Call 06/01/46)		30		22,837
4.25%, 04/01/45 (Call 10/01/44)		30		23,476
4.60%, 02/01/33 (Call 11/01/32)		135		126,539
Mid-America Apartments LP
1.70%, 02/15/31 (Call 11/15/30)		40		31,889
2.88%, 09/15/51 (Call 03/15/51)		20		12,700
4.20%, 06/15/28 (Call 03/15/28)		5		4,838
MPT Operating Partnership LP/MPT Finance Corp.
3.50%, 03/15/31 (Call 03/15/26)(c)		70		46,899
4.63%, 08/01/29 (Call 08/01/24)		50		37,255
5.00%, 10/15/27 (Call 04/01/24)(c)		75		61,271
5.25%, 08/01/26 (Call 04/01/24)(c)		30		26,702
NNN REIT Inc.
3.50%, 04/15/51 (Call 10/15/50)		75		53,458
5.60%, 10/15/33 (Call 07/15/33)		75		74,740
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)		60		47,695

44 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.38%, 02/01/31 (Call 11/01/30)	$	57	$	47,984
4.75%, 01/15/28 (Call 10/15/27)		50		47,975
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)(b)		45		41,462
5.88%, 10/01/28 (Call 04/01/24)(b)		40		38,993
7.50%, 06/01/25 (Call 04/01/24)(b)		35		35,180
Physicians Realty LP
2.63%, 11/01/31 (Call 08/01/31)		30		24,429
3.95%, 01/15/28 (Call 10/15/27)		10		9,514
4.30%, 03/15/27 (Call 12/15/26)		20		19,434
Piedmont Operating Partnership LP, 3.15%, 08/15/30 (Call 05/15/30)		15		11,508
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		35		27,750
1.63%, 03/15/31 (Call 12/15/30)		80		63,440
1.75%, 07/01/30 (Call 04/01/30)		44		36,170
2.13%, 04/15/27 (Call 02/15/27)		51		46,801
2.13%, 10/15/50 (Call 04/15/50)		42		22,933
2.25%, 04/15/30 (Call 01/15/30)		119		102,043
2.88%, 11/15/29 (Call 08/15/29)		24		21,551
3.00%, 04/15/50 (Call 10/15/49)		37		25,021
3.05%, 03/01/50 (Call 09/01/49)		27		18,322
3.25%, 06/30/26 (Call 03/30/26)		45		43,224
3.25%, 10/01/26 (Call 07/01/26)		55		52,522
3.38%, 12/15/27 (Call 09/15/27)		15		14,160
3.88%, 09/15/28 (Call 06/15/28)		50		47,837
4.00%, 09/15/28 (Call 06/15/28)		41		39,469
4.38%, 09/15/48 (Call 03/15/48)		45		38,237
4.63%, 01/15/33 (Call 10/15/32)		35		33,677
4.75%, 06/15/33 (Call 03/15/33)		50		48,430
5.13%, 01/15/34 (Call 10/15/33)		45		44,541
5.25%, 06/15/53 (Call 12/15/52)		45		43,606
Public Storage Operating Co.
2.30%, 05/01/31 (Call 02/01/31)		160		134,246
5.10%, 08/01/33 (Call 05/01/33)		80		79,905
5.35%, 08/01/53 (Call 02/01/53)		30		29,828
Regency Centers LP
3.60%, 02/01/27 (Call 11/01/26)		95		90,843
3.70%, 06/15/30 (Call 03/15/30)		40		36,447
4.40%, 02/01/47 (Call 08/01/46)		20		16,002
4.65%, 03/15/49 (Call 09/15/48)		35		29,628
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 04/01/24)(b)		30		27,872
4.75%, 10/15/27 (Call 04/01/24)(c)		35		33,440
7.25%, 07/15/28 (Call 07/15/25)(b)		25		25,687
SBA Communications Corp.
3.13%, 02/01/29 (Call 04/01/24)		85		75,257
3.88%, 02/15/27 (Call 03/11/24)		80		75,540
Scentre Group Trust 1/Scentre Group Trust 2
3.25%, 10/28/25 (Call 07/30/25)(b)		75		72,246
3.63%, 01/28/26 (Call 12/28/25)(b)		90		87,000
3.75%, 03/23/27 (Call 12/23/26)(b)		30		28,577
4.38%, 05/28/30 (Call 02/28/30)(b)		65		61,099
Scentre Group Trust 2, 5.13%, 09/24/80 (Call 06/24/30), (5-year CMT + 4.685%)(a)(b)		35		31,974
Simon Property Group LP
1.75%, 02/01/28 (Call 11/01/27)		95		84,097
2.45%, 09/13/29 (Call 06/13/29)		272		236,967
2.65%, 07/15/30 (Call 04/15/30)		60		52,065
3.25%, 11/30/26 (Call 08/30/26)		45		42,895

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.25%, 09/13/49 (Call 03/13/49)	$	85	$	59,105
3.30%, 01/15/26 (Call 10/15/25)		265		255,700
3.38%, 12/01/27 (Call 09/01/27)		60		56,593
3.80%, 07/15/50 (Call 01/15/50)		110		83,129
6.75%, 02/01/40 (Call 11/01/39)		80		88,026
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(b)		25		23,308
4.38%, 01/15/27 (Call 07/15/26)(b)		30		28,137
4.75%, 03/15/25 (Call 09/15/24)(c)		30		29,590
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 6.00%, 01/15/30 (Call 01/15/25)(b)		40		29,214
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)(b)		35		30,493
6.50%, 02/15/29 (Call 03/11/24)(b)		65		50,272
10.50%, 02/15/28 (Call 09/15/25)(b)		145		150,077
Ventas Realty LP
3.00%, 01/15/30 (Call 10/15/29)		35		30,549
3.25%, 10/15/26 (Call 07/15/26)		35		33,043
3.85%, 04/01/27 (Call 01/01/27)		47		44,803
4.00%, 03/01/28 (Call 12/01/27)		27		25,694
4.13%, 01/15/26 (Call 10/15/25)		70		68,143
4.38%, 02/01/45 (Call 08/01/44)		15		11,877
4.40%, 01/15/29 (Call 10/15/28)		52		49,786
4.75%, 11/15/30 (Call 08/15/30)		12		11,479
4.88%, 04/15/49 (Call 10/15/48)		17		14,383
5.70%, 09/30/43 (Call 03/30/43)		30		28,339
WEA Finance LLC
2.88%, 01/15/27 (Call 11/15/26)(b)		70		63,535
3.50%, 06/15/29 (Call 03/15/29)(b)		55		47,570
4.13%, 09/20/28 (Call 06/20/28)(b)		35		31,500
4.63%, 09/20/48 (Call 03/20/48)(b)(c)		45		30,781
WEA Finance LLC/Westfield U.K. & Europe Finance PLC, 4.75%, 09/17/44 (Call 03/17/44)(b)		10		6,985
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		55		47,638
2.75%, 01/15/31 (Call 10/15/30)		60		51,145
2.75%, 01/15/32 (Call 10/15/31)		35		29,099
2.80%, 06/01/31 (Call 03/01/31)		45		38,179
4.00%, 06/01/25 (Call 03/01/25)		225		220,864
4.13%, 03/15/29 (Call 12/15/28)		60		57,042
4.25%, 04/15/28 (Call 01/15/28)		35		33,853
4.95%, 09/01/48 (Call 03/01/48)		25		22,480
6.50%, 03/15/41 (Call 09/15/40)		30		32,417
WP Carey Inc.
2.25%, 04/01/33 (Call 01/01/33)		90		68,335
2.40%, 02/01/31 (Call 11/01/30)		35		28,793
3.85%, 07/15/29 (Call 04/15/29)		20		18,504
4.25%, 10/01/26 (Call 07/01/26)		35		34,066
XHR LP
4.88%, 06/01/29 (Call 06/01/24)(b)		30		27,715
6.38%, 08/15/25 (Call 03/11/24)(b)		30		30,030
				12,429,851
Retail — 1.3%
1011778 BC ULC/New Red Finance Inc. 3.50%, 02/15/29 (Call 03/11/24)(b)		40		36,072
3.88%, 01/15/28 (Call 04/01/24)(b)		85		79,173
4.00%, 10/15/30 (Call 10/15/25)(b)		155		136,182
4.38%, 01/15/28 (Call 04/01/24)(b)		50		46,919
Advance Auto Parts Inc. 1.75%, 10/01/27 (Call 08/01/27)		42		36,293

S C H E D U L E  O F  I N V E S T M E N T S 45

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
3.50%, 03/15/32 (Call 12/15/31)(c)	$	20	$	16,645
3.90%, 04/15/30 (Call 01/15/30)		27		24,110
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/11/24)		20		18,671
4.63%, 11/15/29 (Call 11/15/24)(b)(c)		47		42,835
4.75%, 03/01/30 (Call 03/01/25)		25		22,757
5.00%, 02/15/32 (Call 11/15/26)(b)		35		31,145
AutoNation Inc.
2.40%, 08/01/31 (Call 05/01/31)		70		55,425
3.80%, 11/15/27 (Call 08/15/27)		45		41,868
4.50%, 10/01/25 (Call 07/01/25)		15		14,725
4.75%, 06/01/30 (Call 03/01/30)		55		52,290
AutoZone Inc.
4.00%, 04/15/30 (Call 01/15/30)		25		23,499
4.75%, 08/01/32 (Call 05/01/32)		120		115,307
4.75%, 02/01/33 (Call 11/01/32)		20		19,158
6.25%, 11/01/28 (Call 10/01/28)		50		52,018
6.55%, 11/01/33 (Call 08/01/33)		55		59,364
Bath & Body Works Inc.
5.25%, 02/01/28		40		38,853
6.63%, 10/01/30 (Call 10/01/25)(b)(c)		60		60,374
6.75%, 07/01/36		50		49,244
6.88%, 11/01/35		60		60,007
6.95%, 03/01/33		15		14,605
7.50%, 06/15/29 (Call 06/15/24)(c)		25		25,746
Beacon Roofing Supply Inc.
4.13%, 05/15/29 (Call 05/15/24)(b)		20		18,003
4.50%, 11/15/26 (Call 04/01/24)(b)(c)		15		14,475
6.50%, 08/01/30 (Call 08/01/26)(b)		35		35,197
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28)		45		44,070
Bloomin’ Brands Inc./OSI Restaurant Partners LLC, 5.13%, 04/15/29 (Call 04/15/24)(b)		20		18,468
BlueLinx Holdings Inc., 6.00%, 11/15/29 (Call 11/15/24)(b)(c)		20		19,074
Brinker International Inc., 8.25%, 07/15/30 (Call 06/27/26)(b)		20		20,967
Darden Restaurants Inc., 6.30%, 10/10/33 (Call 07/10/33)		55		57,391
Dave & Buster’s Inc., 7.63%, 11/01/25 (Call 04/01/24)(b)		31		31,236
Dollar General Corp.
3.50%, 04/03/30 (Call 01/03/30)		30		27,129
3.88%, 04/15/27 (Call 01/15/27)		65		62,462
4.13%, 05/01/28 (Call 02/01/28)		40		38,644
4.13%, 04/03/50 (Call 10/03/49)		55		42,020
4.15%, 11/01/25 (Call 08/01/25)		65		63,667
4.63%, 11/01/27 (Call 10/01/27)		50		49,016
5.45%, 07/05/33 (Call 04/05/33)(c)		65		64,501
Dollar Tree Inc.
2.65%, 12/01/31 (Call 09/01/31)		15		12,487
3.38%, 12/01/51 (Call 06/01/51)		30		19,824
4.00%, 05/15/25 (Call 03/15/25)		25		24,562
4.20%, 05/15/28 (Call 02/15/28)		80		77,075
Foot Locker Inc., 4.00%, 10/01/29 (Call 10/01/24)(b)(c)		25		21,185
Genuine Parts Co.
1.88%, 11/01/30 (Call 08/01/30)		30		24,076
6.88%, 11/01/33 (Call 08/01/33)		80		87,383
Group 1 Automotive Inc., 4.00%, 08/15/28 (Call 04/01/24)(b)		42		38,373
GYP Holdings III Corp., 4.63%, 05/01/29 (Call 05/01/24)(b)		20		18,561

Security	Par (000)		Value
Retail (continued)
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)	$	135	$	116,423
1.38%, 03/15/31 (Call 12/15/30)		105		83,067
1.50%, 09/15/28 (Call 07/15/28)		70		60,982
1.88%, 09/15/31 (Call 06/15/31)		20		16,204
2.38%, 03/15/51 (Call 09/15/50)		95		55,805
2.70%, 04/15/30 (Call 01/15/30)		109		96,424
2.75%, 09/15/51 (Call 03/15/51)		55		35,025
2.88%, 04/15/27 (Call 03/15/27)		100		94,357
2.95%, 06/15/29 (Call 03/15/29)		115		104,970
3.13%, 12/15/49 (Call 06/15/49)		100		69,586
3.25%, 04/15/32 (Call 01/15/32)		30		26,607
3.30%, 04/15/40 (Call 10/15/39)		125		97,962
3.35%, 09/15/25 (Call 06/15/25)		90		87,799
3.35%, 04/15/50 (Call 10/15/49)		100		72,476
3.50%, 09/15/56 (Call 03/15/56)		45		32,957
3.63%, 04/15/52 (Call 10/15/51)		40		30,235
3.90%, 12/06/28 (Call 09/06/28)		120		116,119
3.90%, 06/15/47 (Call 12/15/46)		115		92,632
4.20%, 04/01/43 (Call 10/01/42)		15		12,920
4.40%, 03/15/45 (Call 09/15/44)		70		61,434
4.50%, 12/06/48 (Call 06/06/48)		105		92,650
4.88%, 02/15/44 (Call 08/15/43)		50		46,906
5.40%, 09/15/40 (Call 03/15/40)		60		60,351
5.88%, 12/16/36		204		217,307
5.95%, 04/01/41 (Call 10/01/40)		50		53,345
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 04/01/24)(b)		45		44,028
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)(b)		45		40,154
4.38%, 01/15/31 (Call 10/15/25)(b)		35		31,037
4.63%, 12/15/27 (Call 04/01/24)(b)		25		23,837
Lowe’s Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)		30		25,997
1.70%, 09/15/28 (Call 07/15/28)		125		108,613
1.70%, 10/15/30 (Call 07/15/30)		105		85,135
2.50%, 04/15/26 (Call 01/15/26)		70		66,450
2.63%, 04/01/31 (Call 01/01/31)		130		110,854
2.80%, 09/15/41 (Call 03/15/41)		25		17,450
3.00%, 10/15/50 (Call 04/15/50)		110		70,965
3.10%, 05/03/27 (Call 02/03/27)		135		127,579
3.35%, 04/01/27 (Call 03/01/27)		30		28,583
3.38%, 09/15/25 (Call 06/15/25)		90		87,552
3.50%, 04/01/51 (Call 10/01/50)		65		45,848
3.65%, 04/05/29 (Call 01/05/29)		90		84,856
3.70%, 04/15/46 (Call 10/15/45)		55		41,401
3.75%, 04/01/32 (Call 01/01/32)		160		145,202
4.00%, 04/15/25 (Call 03/15/25)		200		197,111
4.05%, 05/03/47 (Call 11/03/46)		120		95,065
4.25%, 04/01/52 (Call 10/01/51)		90		72,370
4.38%, 09/15/45 (Call 03/15/45)		5		4,238
4.45%, 04/01/62 (Call 10/01/61)		85		67,954
4.50%, 04/15/30 (Call 01/15/30)		60		58,290
4.55%, 04/05/49 (Call 10/05/48)		10		8,455
4.65%, 04/15/42 (Call 10/15/41)		35		31,303
5.00%, 04/15/40 (Call 10/15/39)		35		33,255
5.13%, 04/15/50 (Call 10/15/49)		50		46,118
5.15%, 07/01/33 (Call 04/01/33)		150		149,281
5.50%, 10/15/35		56		57,595
5.63%, 04/15/53 (Call 10/15/52)		60		59,618
5.80%, 09/15/62 (Call 03/15/62)		60		59,896

46 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
Nordstrom Inc.
4.00%, 03/15/27 (Call 12/15/26)(c)	$	20	$	18,834
4.25%, 08/01/31 (Call 05/01/31)		25		21,073
4.38%, 04/01/30 (Call 01/01/30)(c)		30		26,500
5.00%, 01/15/44 (Call 07/15/43)		55		39,283
6.95%, 03/15/28		15		15,193
Papa John’s International Inc., 3.88%, 09/15/29 (Call 09/15/24)(b)(c)		25		22,156
Patrick Industries Inc., 4.75%, 05/01/29 (Call 05/01/24)(b)		20		18,316
Ross Stores Inc.
0.88%, 04/15/26 (Call 03/15/26)		100		91,459
4.60%, 04/15/25 (Call 03/15/25)		35		34,663
Sally Holdings LLC/Sally Capital Inc.
5.63%, 12/01/25 (Call 03/13/24)		35		34,992
6.75%, 03/01/32 (Call 03/01/27)		25		24,905
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)(c)		100		92,436
2.25%, 04/15/25 (Call 03/15/25)		65		62,976
2.35%, 02/15/30 (Call 11/15/29)		75		65,422
2.50%, 04/15/26		50		47,755
2.65%, 09/15/30 (Call 06/15/30)		55		48,239
2.95%, 01/15/52 (Call 07/15/51)		30		19,915
3.38%, 04/15/29 (Call 01/15/29)		70		65,606
3.63%, 04/15/46		65		50,700
3.90%, 11/15/47 (Call 05/15/47)		75		61,150
4.00%, 07/01/42		55		47,329
4.80%, 01/15/53 (Call 07/15/52)(c)		35		32,300
6.50%, 10/15/37		135		150,818
TJX Companies Inc. (The)
1.15%, 05/15/28 (Call 03/15/28)		15		12,928
2.25%, 09/15/26 (Call 06/15/26)		105		98,633
4.50%, 04/15/50 (Call 10/15/49)		30		27,331
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)		5		4,026
5.25%, 05/15/33 (Call 02/15/33)		55		54,659
Victoria’s Secret & Co., 4.63%, 07/15/29 (Call 07/15/24)(b)		35		29,527
Walgreen Co., 4.40%, 09/15/42		15		12,218
Walgreens Boots Alliance Inc.
3.20%, 04/15/30 (Call 01/15/30)(c)		25		21,599
3.45%, 06/01/26 (Call 03/01/26)		75		71,517
4.10%, 04/15/50 (Call 10/15/49)(c)		45		32,744
4.50%, 11/18/34 (Call 05/18/34)		15		13,292
4.80%, 11/18/44 (Call 05/18/44)(c)		50		41,634
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)		57		50,037
4.63%, 01/31/32 (Call 10/01/26)		60		55,060
4.75%, 01/15/30 (Call 10/15/29)(b)		45		42,705
5.35%, 11/01/43 (Call 05/01/43)		15		14,364
5.38%, 04/01/32 (Call 04/01/27)		55		52,833
6.88%, 11/15/37		20		21,698
				7,812,589
Savings & Loans — 0.1%
Nationwide Building Society
1.00%, 08/28/25(b)		88		82,594
3.96%, 07/18/30 (Call 07/18/29), (3-mo. LIBOR US + 1.855%)(a)(b)		40		36,602
4.30%, 03/08/29 (Call 03/08/28), (3-mo. LIBOR US + 1.452%)(a)(b)		220		209,187

Security	Par (000)		Value
Savings & Loans (continued)
6.56%, 10/18/27 (Call 10/18/26), (1-day SOFR + 1.910%)(a)(b)	$	200	$	204,704
				533,087
Semiconductors — 1.7%
ams-OSRAM AG, 12.25%, 03/30/29 (Call 03/30/26)(b)		25		25,379
Analog Devices Inc.
1.70%, 10/01/28 (Call 08/01/28)		40		34,908
2.10%, 10/01/31 (Call 07/01/31)		60		49,503
2.80%, 10/01/41 (Call 04/01/41)		80		56,773
2.95%, 04/01/25 (Call 03/01/25)		27		26,374
2.95%, 10/01/51 (Call 04/01/51)		73		48,627
3.50%, 12/05/26 (Call 09/05/26)		90		86,921
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		60		50,038
2.75%, 06/01/50 (Call 12/01/49)		55		36,988
3.30%, 04/01/27 (Call 01/01/27)		92		88,062
3.90%, 10/01/25 (Call 07/01/25)		50		49,123
4.35%, 04/01/47 (Call 10/01/46)		62		54,973
5.10%, 10/01/35 (Call 04/01/35)		40		40,488
5.85%, 06/15/41		39		41,946
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.50%, 01/15/28 (Call 10/15/27)		40		37,678
3.88%, 01/15/27 (Call 10/15/26)		85		82,172
Broadcom Inc.
2.45%, 02/15/31 (Call 11/15/30)(b)		195		162,310
2.60%, 02/15/33 (Call 11/15/32)(b)		110		88,281
3.14%, 11/15/35 (Call 08/15/35)(b)		210		166,442
3.15%, 11/15/25 (Call 10/15/25)		30		28,958
3.19%, 11/15/36 (Call 08/15/36)(b)		180		140,674
3.42%, 04/15/33 (Call 01/15/33)(b)		178		152,002
3.46%, 09/15/26 (Call 07/15/26)		30		28,777
3.47%, 04/15/34 (Call 01/15/34)(b)		115		97,099
3.50%, 02/15/41 (Call 08/15/40)(b)		165		126,067
4.00%, 04/15/29 (Call 02/15/29)(b)		40		37,850
4.11%, 09/15/28 (Call 06/15/28)		120		115,007
4.15%, 11/15/30 (Call 08/15/30)		185		172,946
4.15%, 04/15/32 (Call 01/15/32)(b)		80		73,445
4.30%, 11/15/32 (Call 08/15/32)		100		92,602
4.93%, 05/15/37 (Call 02/15/37)(b)		125		116,470
5.00%, 04/15/30 (Call 01/15/30)		20		19,930
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)(b)(c)		30		26,592
4.38%, 04/15/28 (Call 03/11/24)(b)		20		18,711
4.75%, 04/15/29 (Call 01/15/29)(b)		50		47,211
5.95%, 06/15/30 (Call 06/15/25)(b)		55		53,935
Intel Corp.
2.60%, 05/19/26 (Call 02/19/26)		150		142,671
3.05%, 08/12/51 (Call 02/12/51)		5		3,304
3.20%, 08/12/61 (Call 02/12/61)		10		6,433
3.73%, 12/08/47 (Call 06/08/47)		270		204,646
4.88%, 02/10/26		300		299,034
4.88%, 02/10/28 (Call 01/10/28)		365		363,984
5.13%, 02/10/30 (Call 12/10/29)		310		312,444
5.15%, 02/21/34 (Call 11/21/33)		50		49,509
5.20%, 02/10/33 (Call 11/10/32)		170		170,073
5.60%, 02/21/54 (Call 08/21/53)		120		119,980
5.63%, 02/10/43 (Call 08/10/42)		205		208,354
5.70%, 02/10/53 (Call 08/10/52)		375		378,959
5.90%, 02/10/63 (Call 08/10/62)		190		197,927
KLA Corp.
4.10%, 03/15/29 (Call 12/15/28)		20		19,397

S C H E D U L E  O F  I N V E S T M E N T S 47

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
4.65%, 07/15/32 (Call 04/15/32)	$	55	$	53,613
4.95%, 07/15/52 (Call 01/15/52)		100		94,793
5.25%, 07/15/62 (Call 01/15/62)		60		58,297
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		65		54,549
2.88%, 06/15/50 (Call 12/15/49)(c)		55		37,185
3.13%, 06/15/60 (Call 12/15/59)		44		28,846
3.75%, 03/15/26 (Call 01/15/26)		100		97,592
3.80%, 03/15/25 (Call 12/15/24)		27		26,604
4.00%, 03/15/29 (Call 12/15/28)		83		79,981
4.88%, 03/15/49 (Call 09/15/48)		35		32,932
Marvell Technology Inc.
1.65%, 04/15/26 (Call 03/15/26)		50		46,382
2.45%, 04/15/28 (Call 02/15/28)		22		19,753
2.95%, 04/15/31 (Call 01/15/31)		80		68,509
4.88%, 06/22/28 (Call 03/22/28)		50		49,116
Microchip Technology Inc., 4.25%, 09/01/25 (Call 04/01/24)		35		34,360
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)		40		32,814
3.37%, 11/01/41 (Call 05/01/41)		40		29,095
3.48%, 11/01/51 (Call 05/01/51)		35		24,313
4.19%, 02/15/27 (Call 12/15/26)		122		118,549
4.66%, 02/15/30 (Call 11/15/29)		75		72,432
4.98%, 02/06/26 (Call 12/06/25)		75		74,561
5.33%, 02/06/29 (Call 11/06/28)		76		76,074
5.88%, 02/09/33 (Call 11/09/32)		60		61,233
5.88%, 09/15/33 (Call 06/15/33)		50		50,961
NVIDIA Corp.
2.00%, 06/15/31 (Call 03/15/31)		70		58,478
2.85%, 04/01/30 (Call 01/01/30)		146		131,472
3.20%, 09/16/26 (Call 06/16/26)		110		106,033
3.50%, 04/01/40 (Call 10/01/39)		104		87,100
3.50%, 04/01/50 (Call 10/01/49)		60		47,008
3.70%, 04/01/60 (Call 10/01/59)		42		33,034
NXP BV/NXP Funding LLC, 5.35%, 03/01/26 (Call 01/01/26)		40		39,936
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)		50		41,395
2.65%, 02/15/32 (Call 11/15/31)		70		57,467
2.70%, 05/01/25 (Call 04/01/25)		22		21,276
3.13%, 02/15/42 (Call 08/15/41)		40		28,430
3.15%, 05/01/27 (Call 03/01/27)		77		72,389
3.25%, 05/11/41 (Call 11/11/40)		50		36,744
3.25%, 11/30/51 (Call 05/30/51)		40		26,904
3.40%, 05/01/30 (Call 02/01/30)		89		79,672
3.88%, 06/18/26 (Call 04/18/26)		45		43,546
4.30%, 06/18/29 (Call 03/18/29)		40		38,186
4.40%, 06/01/27 (Call 05/01/27)		10		9,769
5.00%, 01/15/33 (Call 10/15/32)		35		33,822
ON Semiconductor Corp., 3.88%, 09/01/28 (Call 04/01/24)(b)		40		36,603
Qorvo Inc.
3.38%, 04/01/31 (Call 04/01/26)(b)		65		54,862
4.38%, 10/15/29 (Call 10/15/24)		69		64,167
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)		40		34,777
1.65%, 05/20/32 (Call 02/20/32)		205		160,006
2.15%, 05/20/30 (Call 02/20/30)		10		8,553
3.25%, 05/20/27 (Call 02/20/27)		205		195,453
3.25%, 05/20/50 (Call 11/20/49)		30		21,848

Security	Par (000)		Value
Semiconductors (continued)
3.45%, 05/20/25 (Call 02/20/25)	$	35	$	34,276
4.30%, 05/20/47 (Call 11/20/46)		105		91,011
4.50%, 05/20/52 (Call 11/20/51)		75		66,060
4.65%, 05/20/35 (Call 11/20/34)		60		58,663
5.40%, 05/20/33 (Call 02/20/33)		35		36,266
6.00%, 05/20/53 (Call 11/20/52)		80		87,702
Renesas Electronics Corp., 2.17%, 11/25/26 (Call 10/25/26)(b)		35		31,820
SK Hynix Inc.
1.50%, 01/19/26(e)		200		185,265
2.38%, 01/19/31(e)		200		164,085
Skyworks Solutions Inc., 3.00%, 06/01/31 (Call 03/01/31)		47		39,362
Synaptics Inc., 4.00%, 06/15/29 (Call 06/15/24)(b)(c)		30		26,875
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		35		31,940
1.38%, 03/12/25 (Call 02/12/25)		70		67,334
1.75%, 05/04/30 (Call 02/04/30)		60		50,209
1.90%, 09/15/31 (Call 06/15/31)		65		53,643
2.25%, 09/04/29 (Call 06/04/29)		105		92,666
2.70%, 09/15/51 (Call 03/15/51)		55		35,297
2.90%, 11/03/27 (Call 08/03/27)		52		48,810
3.88%, 03/15/39 (Call 09/15/38)		80		70,323
4.15%, 05/15/48 (Call 11/15/47)		104		88,316
5.05%, 05/18/63 (Call 11/18/62)		75		71,736
TSMC Arizona Corp.
2.50%, 10/25/31 (Call 07/25/31)		200		169,305
3.13%, 10/25/41 (Call 04/25/41)		200		158,557
TSMC Global Ltd.
1.00%, 09/28/27 (Call 07/28/27)(e)		200		174,359
1.38%, 09/28/30 (Call 06/28/30)(e)		200		160,168
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30)		81		70,096
				10,107,595
Software — 0.7%
ACI Worldwide Inc., 5.75%, 08/15/26 (Call 04/01/24)(b)		25		24,675
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)		110		102,392
2.30%, 02/01/30 (Call 11/01/29)		106		92,465
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)		80		66,363
2.85%, 01/15/30 (Call 10/15/29)		50		44,323
3.50%, 06/15/27 (Call 03/15/27)		27		25,816
4.38%, 06/15/25 (Call 03/15/25)		42		41,521
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 03/11/24)(b)		60		56,453
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		65		54,460
2.90%, 12/01/29 (Call 09/01/29)		85		74,827
3.40%, 06/27/26 (Call 03/27/26)		45		43,011
Camelot Finance SA, 4.50%, 11/01/26 (Call 04/02/24)(b)		40		38,225
Central Parent Inc./CDK Global Inc., 7.25%, 06/15/29 (Call 06/15/25)(b)		45		45,297
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(b)		50		45,652
4.88%, 07/01/29 (Call 06/30/24)(b)		55		49,863
Concentrix Corp.
6.60%, 08/02/28 (Call 07/02/28)		55		55,253
6.85%, 08/02/33 (Call 05/02/33)		25		24,447

48 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Software (continued)
Consensus Cloud Solutions Inc.
6.00%, 10/15/26 (Call 04/01/24)(b)(c)	$	20	$	19,040
6.50%, 10/15/28 (Call 10/15/26)(b)(c)		30		26,809
Elastic NV, 4.13%, 07/15/29 (Call 07/15/24)(b)		35		31,471
Electronic Arts Inc.
1.85%, 02/15/31 (Call 11/15/30)		75		61,044
2.95%, 02/15/51 (Call 08/15/50)		50		33,227
4.80%, 03/01/26 (Call 12/01/25)		37		36,803
Fair Isaac Corp.
4.00%, 06/15/28 (Call 03/18/24)(b)		55		51,073
5.25%, 05/15/26 (Call 02/15/26)(b)		30		29,681
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)		105		97,115
1.65%, 03/01/28 (Call 01/01/28)		30		26,439
2.25%, 03/01/31 (Call 12/01/30)		90		75,213
3.10%, 03/01/41 (Call 09/01/40)		66		47,520
4.50%, 08/15/46 (Call 02/15/46)		25		20,491
5.10%, 07/15/32 (Call 04/15/32)(c)		65		64,961
5.63%, 07/15/52 (Call 01/15/52)		25		24,726
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)		140		128,102
2.65%, 06/01/30 (Call 03/01/30)		74		63,631
3.20%, 07/01/26 (Call 05/01/26)		164		156,626
3.50%, 07/01/29 (Call 04/01/29)		140		128,735
3.85%, 06/01/25 (Call 03/01/25)		82		80,361
4.20%, 10/01/28 (Call 07/01/28)		45		43,166
4.40%, 07/01/49 (Call 01/01/49)		127		106,215
5.63%, 08/21/33 (Call 05/21/33)		130		131,460
Intuit Inc.
0.95%, 07/15/25 (Call 06/15/25)		52		49,061
1.35%, 07/15/27 (Call 05/15/27)		32		28,549
1.65%, 07/15/30 (Call 04/15/30)		102		83,639
5.25%, 09/15/26 (Call 08/15/26)		60		60,523
5.50%, 09/15/53 (Call 03/15/53)		70		72,185
MicroStrategy Inc., 6.13%, 06/15/28 (Call 06/15/24)(b)		30		29,026
Open Text Corp.
3.88%, 02/15/28 (Call 04/01/24)(b)		50		45,981
3.88%, 12/01/29 (Call 12/01/24)(b)		45		39,770
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(b)		50		44,171
4.13%, 12/01/31 (Call 12/01/26)(b)		37		31,683
PTC Inc., 4.00%, 02/15/28 (Call 04/01/24)(b)		25		23,306
Rackspace Technology Global Inc.
3.50%, 02/15/28 (Call 04/01/24)(b)		30		12,083
5.38%, 12/01/28 (Call 04/01/24)(b)		27		7,940
RingCentral Inc., 8.50%, 08/15/30 (Call 08/15/26)(b)(c)		25		25,837
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		60		56,188
1.40%, 09/15/27 (Call 07/15/27)		70		61,834
1.75%, 02/15/31 (Call 11/15/30)		111		88,679
2.00%, 06/30/30 (Call 03/30/30)		65		53,996
2.95%, 09/15/29 (Call 06/15/29)		55		49,234
3.80%, 12/15/26 (Call 09/15/26)		84		81,195
3.85%, 12/15/25 (Call 09/15/25)		37		36,098
4.20%, 09/15/28 (Call 06/15/28)		30		28,988
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30)		125		100,270
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)		30		26,734
3.88%, 03/15/31 (Call 03/15/26)		30		26,122
VMware LLC
1.40%, 08/15/26 (Call 07/15/26)		40		36,367

Security	Par (000)		Value
Software (continued)
2.20%, 08/15/31 (Call 05/15/31)	$	115	$	92,725
3.90%, 08/21/27 (Call 05/21/27)		107		102,021
4.50%, 05/15/25 (Call 04/15/25)		50		49,448
4.65%, 05/15/27 (Call 03/15/27)		92		90,057
4.70%, 05/15/30 (Call 02/15/30)		82		78,854
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		50		47,597
3.70%, 04/01/29 (Call 02/01/29)		5		4,673
3.80%, 04/01/32 (Call 01/01/32)		70		63,274
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.,
3.88%, 02/01/29 (Call 03/11/24)(b)		40		35,825
				4,132,885
Telecommunications — 1.5%
America Movil SAB de CV
4.38%, 04/22/49 (Call 10/22/48)		30		25,795
6.13%, 03/30/40		210		219,769
6.38%, 03/01/35		110		119,186
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52 (Call 02/15/52)		45		33,082
4.30%, 07/29/49 (Call 01/29/49)		30		24,688
4.46%, 04/01/48 (Call 10/01/47)		70		59,497
5.10%, 05/11/33 (Call 02/11/33)		5		4,947
5.20%, 02/15/34 (Call 11/15/33)		80		78,939
5.55%, 02/15/54 (Call 08/15/53)		50		49,194
Series US-4, 3.65%, 03/17/51 (Call 09/17/50)		35		25,767
Series US-6, 3.20%, 02/15/52 (Call 08/15/51)		35		23,506
Bharti Airtel Ltd., 4.38%, 06/10/25(e)		200		196,565
Ciena Corp., 4.00%, 01/31/30 (Call 01/31/25)(b)(c)		20		17,902
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(b)		60		41,094
6.00%, 03/01/26 (Call 04/01/24)(b)		85		76,500
7.13%, 07/01/28 (Call 04/01/24)(b)		35		13,882
8.25%, 03/01/27 (Call 04/01/24)(b)		50		21,868
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/11/24)(b)(c)		40		14,246
6.00%, 06/15/25 (Call 03/11/24)(b)		64		52,161
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 03/11/24)(b)		20		19,632
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 03/11/24)(b)		25		20,626
6.50%, 10/01/28 (Call 03/11/24)(b)		40		34,439
Corning Inc.
3.90%, 11/15/49 (Call 05/15/49)		37		28,631
4.38%, 11/15/57 (Call 05/15/57)		37		30,436
4.70%, 03/15/37		14		12,859
4.75%, 03/15/42		30		26,876
5.35%, 11/15/48 (Call 05/15/48)		36		34,571
5.45%, 11/15/79 (Call 05/19/79)		60		55,414
5.75%, 08/15/40		16		15,992
5.85%, 11/15/68 (Call 05/15/68)		15		14,757
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)(b)		110		101,967
5.88%, 10/15/27 (Call 04/01/24)(b)		60		57,985
5.88%, 11/01/29 (Call 11/01/24)		45		38,489
6.00%, 01/15/30 (Call 10/15/24)(b)		55		47,024
6.75%, 05/01/29 (Call 05/01/24)(b)		55		49,428
8.63%, 03/15/31 (Call 03/15/26)(b)		45		45,579
8.75%, 05/15/30 (Call 05/15/25)(b)		65		66,288
HKT Capital No. 5 Ltd., 3.25%, 09/30/29(e)		200		180,553
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)(b)		160		149,030

S C H E D U L E  O F  I N V E S T M E N T S 49

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
Juniper Networks Inc.
1.20%, 12/10/25 (Call 11/10/25)	$	47	$	43,562
2.00%, 12/10/30 (Call 09/10/30)		22		17,713
3.75%, 08/15/29 (Call 05/15/29)		45		41,710
5.95%, 03/15/41		25		24,732
Level 3 Financing Inc.
3.40%, 03/01/27		40		40,800
3.63%, 01/15/29		45		26,325
3.75%, 07/15/29		45		26,325
3.88%, 11/15/29		45		46,350
4.25%, 07/01/28		60		36,900
4.63%, 09/15/27		50		32,250
10.50%, 05/15/30		42		43,220
11.00%, 11/15/29 (Call 03/22/27)(h)		51		50,968
Lumen Technologies Inc.
4.00%, 02/15/27		55		33,240
4.50%, 01/15/29 (Call 03/11/24)(b)		10		3,141
5.38%, 06/15/29 (Call 06/15/24)(b)		15		4,940
Series G, 6.88%, 01/15/28		12		5,982
Series P, 7.60%, 09/15/39		20		6,639
Series U, 7.65%, 03/15/42		15		4,954
Millicom International Cellular SA, 6.25%, 03/25/29 (Call 03/25/24)(e)		180		174,499
Nokia OYJ
4.38%, 06/12/27		30		28,752
6.63%, 05/15/39		30		28,948
Ooredoo International Finance Ltd., 2.63%, 04/08/31(e)		200		171,540
Qwest Corp., 7.25%, 09/15/25		15		14,510
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		69		64,938
3.63%, 12/15/25 (Call 09/15/25)		105		101,753
3.80%, 03/15/32 (Call 12/15/31)		100		88,840
4.30%, 02/15/48 (Call 08/15/47)		80		63,914
4.35%, 05/01/49 (Call 11/01/48)		76		61,040
4.50%, 03/15/42 (Call 09/15/41)		50		42,934
4.50%, 03/15/43 (Call 09/15/42)		45		38,057
4.55%, 03/15/52 (Call 09/15/51)		80		66,023
5.00%, 03/15/44 (Call 09/15/43)		75		67,644
5.25%, 03/15/82 (Call 03/15/27), (5-year CMT + 3.590%)(a)(b)		45		42,893
5.30%, 02/15/34 (Call 11/15/33)		70		68,720
5.45%, 10/01/43 (Call 04/01/43)		65		62,164
7.50%, 08/15/38		30		34,498
SES Global Americas Holdings Inc., 5.30%, 03/25/44(b)		20		15,365
Telecom Italia Capital SA
6.00%, 09/30/34		60		55,680
6.38%, 11/15/33		50		47,933
7.20%, 07/18/36		55		54,708
7.72%, 06/04/38		55		56,228
Telstra Corp. Ltd., 3.13%, 04/07/25 (Call 01/07/25)(b)		40		39,030
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		37		34,663
3.40%, 05/13/32 (Call 02/13/32)		50		43,382
3.70%, 09/15/27 (Call 06/15/27)		65		61,697
4.30%, 06/15/49 (Call 12/15/48)		25		20,314
4.60%, 11/16/48 (Call 05/16/48)		50		42,727
U.S. Cellular Corp., 6.70%, 12/15/33		30		29,520
Verizon Communications Inc.
0.85%, 11/20/25 (Call 10/20/25)		116		107,652

Security	Par (000)		Value
Telecommunications (continued)
1.45%, 03/20/26 (Call 02/20/26)	$	45	$	41,726
1.50%, 09/18/30 (Call 06/18/30)		67		53,754
1.68%, 10/30/30 (Call 07/30/30)		60		48,281
1.75%, 01/20/31 (Call 10/20/30)		100		80,193
2.10%, 03/22/28 (Call 01/22/28)		209		186,087
2.36%, 03/15/32 (Call 12/15/31)		271		219,495
2.55%, 03/21/31 (Call 12/21/30)		194		163,439
2.63%, 08/15/26		170		160,312
2.65%, 11/20/40 (Call 05/20/40)		139		95,827
2.85%, 09/03/41 (Call 03/03/41)		50		35,218
2.88%, 11/20/50 (Call 05/20/50)		140		89,201
2.99%, 10/30/56 (Call 04/30/56)		205		127,438
3.00%, 03/22/27 (Call 01/22/27)		182		171,242
3.00%, 11/20/60 (Call 05/20/60)(c)		112		67,991
3.15%, 03/22/30 (Call 12/22/29)		74		66,245
3.40%, 03/22/41 (Call 09/22/40)		187		143,197
3.55%, 03/22/51 (Call 09/22/50)		234		169,917
3.70%, 03/22/61 (Call 09/22/60)		185		131,590
3.85%, 11/01/42 (Call 05/01/42)		45		36,193
3.88%, 02/08/29 (Call 11/08/28)		94		89,308
3.88%, 03/01/52 (Call 09/01/51)		65		50,078
4.00%, 03/22/50 (Call 09/22/49)		69		54,417
4.02%, 12/03/29 (Call 09/03/29)		243		230,649
4.13%, 03/16/27		259		251,889
4.13%, 08/15/46		60		49,105
4.33%, 09/21/28		200		194,158
4.40%, 11/01/34 (Call 05/01/34)		142		131,986
4.50%, 08/10/33		151		142,291
4.52%, 09/15/48		105		91,872
4.67%, 03/15/55		30		26,458
4.75%, 11/01/41		47		43,252
4.81%, 03/15/39		79		73,679
4.86%, 08/21/46		120		110,163
5.01%, 04/15/49(c)		50		48,605
5.25%, 03/16/37		65		64,800
5.50%, 03/16/47		27		27,177
5.50%, 02/23/54 (Call 08/23/53)		60		59,284
5.85%, 09/15/35		22		22,974
6.40%, 09/15/33		7		7,524
6.55%, 09/15/43		42		46,787
7.75%, 12/01/30		25		28,521
Viasat Inc., 7.50%, 05/30/31 (Call 05/30/26)(b)		50		35,130
ViaSat Inc.
5.63%, 04/15/27 (Call 03/11/24)(b)		100		93,895
6.50%, 07/15/28 (Call 04/01/24)(b)(c)		20		14,812
Viavi Solutions Inc., 3.75%, 10/01/29 (Call 10/01/24)(b)		25		21,693
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 04/01/24)(b)		75		70,011
				8,617,345
Toys, Games & Hobbies — 0.0%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)		15		14,075
3.55%, 11/19/26 (Call 09/19/26)		55		52,158
3.90%, 11/19/29 (Call 08/19/29)		90		82,582
5.10%, 05/15/44 (Call 11/15/43)		15		12,598
6.35%, 03/15/40		25		25,337
				186,750

50 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Transportation — 0.2%
AP Moller - Maersk A/S
4.50%, 06/20/29 (Call 03/20/29)(b)	$	50	$	48,892
5.88%, 09/14/33 (Call 06/14/33)(b)		5		5,035
Cargo Aircraft Management Inc., 4.75%, 02/01/28 (Call 03/18/24)(b)		35		30,951
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28)		55		53,024
JB Hunt Transport Services Inc., 3.88%, 03/01/26 (Call 01/01/26)		65		63,448
MTR Corp. Ltd., 1.63%, 08/19/30(e)		200		165,582
RXO Inc., 7.50%, 11/15/27 (Call 11/15/24)(b)		20		20,723
Ryder System Inc.
2.85%, 03/01/27 (Call 02/01/27)		60		56,109
2.90%, 12/01/26 (Call 10/01/26)		50		46,979
3.35%, 09/01/25 (Call 08/01/25)		50		48,463
4.63%, 06/01/25 (Call 05/01/25)		57		56,462
6.30%, 12/01/28 (Call 11/01/28)		5		5,210
6.60%, 12/01/33 (Call 09/01/33)		50		53,535
SF Holding Investment 2021 Ltd., 3.13%, 11/17/31(e)		200		172,719
XPO CNW Inc., 6.70%, 05/01/34		15		15,558
XPO Inc.
7.13%, 06/01/31 (Call 06/01/26)(b)		50		51,106
7.13%, 02/01/32 (Call 02/01/27)(b)		45		45,714
				939,510
Trucking & Leasing — 0.1%
AerCap Global Aviation Trust, 6.50%, 06/15/45
(Call 06/15/25), (3-mo. SOFR + 4.562%)(a)(b)		30		29,794
GATX Corp.
1.90%, 06/01/31 (Call 03/01/31)		50		39,338
3.10%, 06/01/51 (Call 12/01/50)		45		28,921
3.25%, 03/30/25 (Call 12/30/24)		15		14,625
3.25%, 09/15/26 (Call 06/15/26)		30		28,590
3.50%, 03/15/28 (Call 12/15/27)		25		23,446
3.85%, 03/30/27 (Call 12/30/26)		30		28,779
4.00%, 06/30/30 (Call 03/30/30)		65		60,294
4.55%, 11/07/28 (Call 08/07/28)(c)		20		19,529
4.70%, 04/01/29 (Call 01/01/29)		30		29,328
5.20%, 03/15/44 (Call 09/15/43)		25		22,817
6.05%, 03/15/34 (Call 12/15/33)		60		61,422
				386,883
Water — 0.1%
American Water Capital Corp.
2.80%, 05/01/30 (Call 02/01/30)		65		56,892
2.95%, 09/01/27 (Call 06/01/27)		5		4,662
3.40%, 03/01/25 (Call 12/01/24)		35		34,315
3.45%, 06/01/29 (Call 03/01/29)		52		48,340
3.45%, 05/01/50 (Call 11/01/49)		34		24,867
3.75%, 09/01/28 (Call 06/01/28)		45		42,690
3.75%, 09/01/47 (Call 03/01/47)		31		24,059
4.00%, 12/01/46 (Call 06/01/46)		25		20,226
4.15%, 06/01/49 (Call 12/01/48)		37		30,583
4.20%, 09/01/48 (Call 03/01/48)		25		20,995
4.30%, 12/01/42 (Call 06/01/42)		52		45,405
4.30%, 09/01/45 (Call 03/01/45)		20		17,063
4.45%, 06/01/32 (Call 03/01/32)		45		43,027
6.59%, 10/15/37		55		61,757
				474,881
Total Corporate Bonds & Notes — 31.5% (Cost: $202,817,546)				186,143,071

Security	Par (000)		Value
Foreign Government Obligations(i)
Argentina — 0.2%
Argentina Bonar Bonds
0.75%, 07/09/30(j)	$	355	$	153,538
1.00%, 07/09/29		60		25,808
3.50%, 07/09/41(j)		50		17,126
3.63%, 07/09/35(j)		470		168,243
4.25%, 01/09/38(j)		190		71,588
Argentine Republic Government International Bond
0.75%, 07/09/30 (Call 04/03/24)(j)		420		194,099
1.00%, 07/09/29 (Call 04/01/24)(c)		100		46,272
3.50%, 07/09/41 (Call 04/03/24)(j)		225		80,850
3.63%, 07/09/35 (Call 04/03/24)(j)		420		155,400
3.63%, 07/09/46 (Call 04/03/24)(c)(j)		55		21,312
4.25%, 01/09/38 (Call 04/03/24)(j)		285		118,779
				1,053,015
Bermuda — 0.0%
Bermuda Government International Bond, 2.38%, 08/20/30 (Call 05/20/30)(e)		155		129,635
Brazil — 0.2%
Brazilian Government International Bond
5.63%, 01/07/41		300		269,294
7.13%, 01/20/37(c)		225		239,827
8.25%, 01/20/34		160		183,229
10.13%, 05/15/27(c)		120		137,136
				829,486
Canada — 0.6%
Canada Government International Bond
0.75%, 05/19/26		140		128,697
2.88%, 04/28/25		205		200,103
CDP Financial Inc.
0.88%, 06/10/25(b)		60		56,896
1.00%, 05/26/26(b)		50		46,029
4.25%, 07/25/28(b)		250		246,076
Export Development Canada
3.38%, 08/26/25		5		4,893
3.88%, 02/14/28		420		411,238
4.13%, 02/13/29		120		118,574
Ontario Teachers’ Finance Trust, 2.00%, 04/16/31(b)		250		208,771
Province of Alberta Canada
1.00%, 05/20/25		100		95,214
1.30%, 07/22/30		115		94,347
2.05%, 08/17/26(b)		100		93,798
3.30%, 03/15/28		80		76,188
Province of British Columbia Canada
0.90%, 07/20/26		155		141,825
1.30%, 01/29/31(c)		70		56,750
2.25%, 06/02/26		30		28,428
4.20%, 07/06/33		100		96,634
7.25%, 09/01/36		20		24,422
Province of Manitoba Canada, 2.13%, 06/22/26		225		212,186
Province of New Brunswick Canada, 3.63%, 02/24/28		20		19,177
Province of Ontario Canada
0.63%, 01/21/26		116		107,292
1.05%, 04/14/26		10		9,257
1.05%, 05/21/27		100		89,360
1.13%, 10/07/30		90		72,563
1.60%, 02/25/31		75		61,849
1.80%, 10/14/31		105		86,531
2.00%, 10/02/29		30		26,262

S C H E D U L E  O F  I N V E S T M E N T S 51

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Canada (continued)
2.30%, 06/15/26	$	60	$	56,842
2.50%, 04/27/26		115		109,720
4.20%, 01/18/29		110		108,392
Province of Quebec Canada
0.60%, 07/23/25		215		202,409
2.50%, 04/20/26		50		47,732
2.75%, 04/12/27		58		54,880
4.50%, 09/08/33		105		103,651
Series PD, 7.50%, 09/15/29		110		125,553
				3,622,539
Chile — 0.1%
Chile Government International Bond
3.24%, 02/06/28 (Call 11/06/27)		200		187,212
3.50%, 01/25/50 (Call 07/25/49)		200		144,928
3.63%, 10/30/42		200		155,389
3.86%, 06/21/47		200		156,793
4.00%, 01/31/52 (Call 07/31/51)		200		156,973
				801,295
Colombia — 0.1%
Colombia Government International Bond 4.50%, 03/15/29 (Call 12/15/28)		200		182,479
6.13%, 01/18/41		300		255,461
7.38%, 09/18/37		300		294,361
				732,301
Costa Rica — 0.0%
Costa Rica Government International Bond, 6.55%, 04/03/34 (Call 01/03/34)(e)		200		206,017
Finland — 0.1%
Finland Government International Bond, 6.95%, 02/15/26		95		98,232
Kuntarahoitus OYJ, 4.88%, 01/13/27(b)		200		201,308
				299,540
France — 0.3%
Caisse d’Amortissement de la Dette Sociale
0.38%, 09/23/25(b)		365		340,368
1.38%, 01/20/31(b)		325		264,607
3.00%, 05/17/25(b)		300		292,559
3.75%, 05/24/28(b)		305		296,229
4.88%, 09/19/26(b)		200		201,081
				1,394,844
Germany — 0.0%
State of North Rhine-Westphalia Germany, 1.00%, 04/21/26(e)		100		92,387
Hong Kong — 0.1%
Airport Authority
1.75%, 01/12/27 (Call 12/12/26)(b)		200		183,801
2.63%, 02/04/51 (Call 08/04/50)(b)		200		129,965
Hong Kong Government International Bond, 1.38%, 02/02/31(b)		200		164,095
				477,861
Hungary — 0.1%
Hungary Government International Bond
2.13%, 09/22/31(e)		200		156,342
6.25%, 09/22/32(e)		200		206,377
7.63%, 03/29/41		166		190,169
Magyar Export-Import Bank Zrt, 6.13%, 12/04/27 (Call 11/04/27)(e)		200		200,747
				753,635

Security	Par (000)		Value
Indonesia — 0.4%
Indonesia Government International Bond
2.85%, 02/14/30	$	200	$	177,302
3.05%, 03/12/51		200		139,436
3.20%, 09/23/61 (Call 03/23/61)		200		130,111
4.35%, 01/11/48		200		172,507
4.55%, 01/11/28 (Call 12/11/27)		200		196,775
4.65%, 09/20/32 (Call 06/20/32)		200		193,175
4.85%, 01/11/33 (Call 10/11/32)		200		196,239
5.25%, 01/17/42(e)		200		197,825
6.75%, 01/15/44(e)		200		231,386
Perusahaan Penerbit SBSN Indonesia III
2.55%, 06/09/31(e)		200		170,358
4.15%, 03/29/27(e)		200		195,302
4.40%, 06/06/27(e)		200		196,590
4.70%, 06/06/32(e)		200		195,773
				2,392,779
Israel — 0.1%
Israel Government International Bond, 2.88%, 03/16/26		200		189,769
State of Israel
3.38%, 01/15/50		400		268,277
3.80%, 05/13/60(e)		200		136,768
				594,814
Italy — 0.1%
Republic of Italy Government International Bond
2.88%, 10/17/29		205		180,603
3.88%, 05/06/51		20		13,842
5.38%, 06/15/33		170		166,841
				361,286
Japan — 0.3%
Development Bank of Japan Inc., 4.50%, 01/30/34(b)		200		197,927
Japan Bank for International Cooperation
0.63%, 07/15/25		200		188,085
1.25%, 01/21/31		105		84,079
1.63%, 01/20/27		200		183,227
1.88%, 04/15/31		200		165,991
2.13%, 02/16/29		115		102,024
2.25%, 11/04/26		20		18,730
2.50%, 05/28/25		35		33,862
2.75%, 11/16/27		15		13,997
2.88%, 04/14/25		220		214,348
2.88%, 06/01/27		75		70,842
3.25%, 07/20/28		20		18,885
4.63%, 07/19/28		220		219,509
Japan International Cooperation Agency
1.00%, 07/22/30(c)		25		19,861
2.13%, 10/20/26		46		42,909
4.00%, 05/23/28		200		194,011
				1,768,287
Kazakhstan — 0.0%
Kazakhstan Government International Bond, 4.88%, 10/14/44(e)		200		187,264
Malaysia — 0.0%
Malaysia Sovereign Sukuk Bhd, 4.24%, 04/22/45(e)		200		183,640
Netherlands — 0.1%
BNG Bank NV
3.50%, 05/19/28(b)		300		288,387
4.25%, 01/25/29(b)		200		198,288

52 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Netherlands (continued)
Nederlandse Waterschapsbank NV
1.00%, 05/28/30(b)	$	45	$	36,507
4.00%, 06/01/28(b)		200		196,065
				719,247
Norway — 0.1%
Kommunalbanken AS
0.88%, 03/12/25(b)(c)		365		349,266
1.13%, 06/14/30(b)		200		162,665
				511,931
Panama — 0.2%
Panama Government International Bond
3.16%, 01/23/30 (Call 10/23/29)		200		164,340
3.75%, 04/17/26(e)		100		94,303
4.50%, 05/15/47 (Call 11/15/46)		400		267,057
4.50%, 04/16/50 (Call 10/16/49)		200		130,171
6.70%, 01/26/36		180		170,203
8.88%, 09/30/27		35		37,723
9.38%, 04/01/29		100		110,480
				974,277
Paraguay — 0.0%
Paraguay Government International Bond, 3.85%, 06/28/33 (Call 03/28/33)(e)		200		172,762
Peru — 0.1%
Peruvian Government International Bond
1.86%, 12/01/32 (Call 09/01/32)		100		75,693
2.39%, 01/23/26 (Call 12/23/25)		70		66,261
2.78%, 01/23/31 (Call 10/23/30)		145		123,341
2.78%, 12/01/60 (Call 06/01/60)(c)		60		34,407
3.00%, 01/15/34 (Call 10/15/33)		100		81,299
3.30%, 03/11/41 (Call 09/11/40)		60		44,514
3.55%, 03/10/51 (Call 09/10/50)		75		53,823
3.60%, 01/15/72 (Call 07/15/71)		35		22,983
5.63%, 11/18/50		90		89,073
6.55%, 03/14/37		70		75,501
8.75%, 11/21/33		100		122,757
				789,652
Poland — 0.1%
Republic of Poland Government International Bond
3.25%, 04/06/26		90		87,541
4.88%, 10/04/33 (Call 07/04/33)		90		88,118
5.50%, 11/16/27 (Call 08/16/27)		50		51,183
5.50%, 04/04/53 (Call 10/04/52)		155		154,811
5.75%, 11/16/32 (Call 08/16/32)		50		52,131
				433,784
Qatar — 0.2%
Qatar Government International Bond
3.75%, 04/16/30(e)		200		191,146
4.00%, 03/14/29(e)		200		194,662
4.40%, 04/16/50(e)		200		175,020
4.50%, 04/23/28(e)		200		199,003
4.63%, 06/02/46(e)		200		182,630
4.82%, 03/14/49(e)		200		185,255
5.10%, 04/23/48(e)		200		192,768
				1,320,484
Romania — 0.1%
Romanian Government International Bond
3.00%, 02/27/27(e)		50		46,522
3.00%, 02/14/31(e)		100		83,055
3.63%, 03/27/32(e)		66		55,770

Security	Par (000)		Value
Romania (continued)
4.00%, 02/14/51(e)	$	120	$	83,014
5.13%, 06/15/48(e)		50		41,583
5.25%, 11/25/27(e)		50		49,028
6.00%, 05/25/34(e)		50		48,671
6.13%, 01/22/44(e)		50		47,570
6.38%, 01/30/34(b)		200		198,881
7.13%, 01/17/33(e)		40		42,135
				696,229
South Africa — 0.1%
Republic of South Africa Government International Bond
4.88%, 04/14/26		200		194,541
5.65%, 09/27/47		200		145,338
6.25%, 03/08/41		225		185,228
				525,107
South Korea — 0.1%
Korea Development Bank (The), 1.25%, 06/03/25(e)		400		381,047
Korea International Bond, 1.75%, 10/15/31		200		164,809
				545,856
Supranational — 2.1%
Africa Finance Corp., 4.38%, 04/17/26(e)		200		191,873
African Development Bank
0.88%, 03/23/26		215		199,012
0.88%, 07/22/26		245		224,354
4.38%, 11/03/27		15		14,947
4.63%, 01/04/27		25		25,047
Asian Development Bank
0.38%, 09/03/25		230		215,114
0.50%, 02/04/26		345		318,489
0.63%, 04/29/25		181		172,116
0.75%, 10/08/30		165		130,753
1.00%, 04/14/26		264		244,648
1.25%, 06/09/28		35		30,714
1.50%, 01/20/27		115		105,711
1.50%, 03/04/31		60		49,645
1.75%, 08/14/26		35		32,720
1.75%, 09/19/29		230		200,273
1.88%, 01/24/30		70		60,800
2.00%, 04/24/26		114		107,821
2.13%, 03/19/25(c)		79		76,621
2.38%, 08/10/27		115		107,427
2.50%, 11/02/27		45		42,040
2.63%, 01/12/27		20		18,989
2.75%, 01/19/28		35		32,888
2.88%, 05/06/25		40		39,028
3.13%, 09/26/28		20		18,956
3.13%, 04/27/32		5		4,562
4.00%, 01/12/33		5		4,850
4.13%, 01/12/34		200		195,535
4.25%, 01/09/26		10		9,914
5.82%, 06/16/28		105		110,242
6.22%, 08/15/27		77		80,529
6.38%, 10/01/28		35		37,333
Council of Europe Development Bank
0.88%, 09/22/26(c)		210		191,282
3.75%, 05/25/26		5		4,903
European Bank for Reconstruction & Development
0.50%, 05/19/25		249		235,851
0.50%, 11/25/25		75		69,681
4.13%, 01/25/29		150		148,299

S C H E D U L E  O F  I N V E S T M E N T S 53

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Supranational (continued)
European Investment Bank
0.00%, 11/06/26(g)	$	10	$	8,861
0.38%, 12/15/25		170		157,360
0.38%, 03/26/26		275		252,104
0.63%, 07/25/25		120		113,156
0.63%, 10/21/27		45		39,292
0.75%, 10/26/26		280		253,857
0.75%, 09/23/30		60		47,833
0.88%, 05/17/30		89		72,218
1.25%, 02/14/31		70		57,216
1.38%, 03/15/27(c)		85		77,584
1.63%, 03/14/25		277		267,522
1.63%, 10/09/29		50		43,270
1.63%, 05/13/31		5		4,174
1.75%, 03/15/29		10		8,833
2.13%, 04/13/26		155		147,218
2.38%, 05/24/27		235		220,457
3.25%, 11/15/27		30		28,789
3.88%, 03/15/28		5		4,901
4.00%, 02/15/29		510		501,749
4.13%, 02/13/34		200		196,122
4.88%, 02/15/36		105		108,867
European Stability Mechanism, 0.38%, 09/10/25(b)		215		200,972
Inter-American Development Bank
0.63%, 07/15/25		105		99,046
0.63%, 09/16/27		90		78,789
0.88%, 04/03/25		115		109,923
0.88%, 04/20/26		320		295,673
1.13%, 07/20/28		15		13,059
1.13%, 01/13/31		195		157,560
1.75%, 03/14/25		125		120,799
2.00%, 06/02/26		75		70,764
2.00%, 07/23/26		185		174,129
2.25%, 06/18/29		126		113,329
2.38%, 07/07/27		95		88,827
3.13%, 09/18/28		219		207,536
3.20%, 08/07/42		5		4,032
3.50%, 09/14/29		205		195,977
3.88%, 10/28/41		75		66,773
4.38%, 02/01/27		10		9,962
4.38%, 01/24/44		29		27,547
International Bank for Reconstruction & Development
0.38%, 07/28/25		215		201,886
0.50%, 10/28/25		250		232,994
0.63%, 04/22/25		337		320,778
0.65%, 02/10/26 (Call 05/10/24)		5		4,597
0.75%, 03/11/25		240		229,727
0.75%, 11/24/27(c)		209		182,669
0.75%, 08/26/30		151		120,050
0.85%, 02/10/27 (Call 05/10/24)		30		26,558
0.88%, 07/15/26		55		50,457
0.88%, 05/14/30		154		124,559
1.13%, 09/13/28		380		329,454
1.25%, 02/10/31		176		143,103
1.38%, 04/20/28		110		97,391
1.63%, 11/03/31		215		176,769
1.75%, 10/23/29		265		230,198
1.88%, 10/27/26		263		245,597
2.13%, 03/03/25		35		33,997
2.50%, 07/29/25		387		374,403
2.50%, 11/22/27		95		88,705

Security	Par (000)		Value
Supranational (continued)
3.13%, 11/20/25	$	60	$	58,345
3.88%, 02/14/30		20		19,455
4.00%, 01/10/31		300		292,734
4.75%, 11/14/33		130		133,536
4.75%, 02/15/35		25		25,342
Nordic Investment Bank, 0.38%, 09/11/25		355		331,860
				12,474,211
Sweden — 0.1%
Svensk Exportkredit AB
0.50%, 08/26/25		215		201,119
0.63%, 05/14/25		220		208,560
				409,679
United Arab Emirates — 0.3%
Abu Dhabi Government International Bond
1.70%, 03/02/31(e)		200		164,777
1.88%, 09/15/31(e)		200		164,616
2.50%, 09/30/29(e)		200		178,435
3.13%, 10/11/27(e)		200		189,514
3.13%, 09/30/49(e)		200		138,837
4.13%, 10/11/47(e)		200		166,739
Dubai DOF Sukuk Ltd., 2.76%, 09/09/30(e)		200		179,079
Finance Department Government of Sharjah, 3.63%, 03/10/33(e)		200		165,602
UAE International Government Bond, 2.88%, 10/19/41(e)		400		290,273
				1,637,872
Uruguay — 0.1%
Uruguay Government International Bond
4.13%, 11/20/45		50		43,543
4.38%, 01/23/31 (Call 10/23/30)		60		58,422
4.98%, 04/20/55		88		81,943
5.10%, 06/18/50		154		147,870
7.63%, 03/21/36		100		120,112
7.88%, 01/15/33, (7.88% PIK)(c)(d)		70		83,459
				535,349
Total Foreign Government Obligations — 6.4% (Cost: $41,105,695)				37,627,065
U.S. Government & Agency Obligations
Mortgage-Backed Securities — 23.4%
Federal Home Loan Mortgage Corp.
3.00%, 05/01/29		381		369,533
4.00%, 01/01/48		35		32,701
Federal National Mortgage Association
Series 2017-M3, Class A2, 2.47%, 12/25/26(a)		148		139,441
Series 2018-M12, Class A2, 3.63%, 08/25/30(a)		50		46,747
Series 2021-M13, Class A2, 1.60%, 04/25/31(a)		340		274,923
Series 2021-M17, Class A2, 1.71%, 07/25/31(a)		250		203,172
Series 2022-M1, Class A2, 1.67%, 10/25/31(a)		490		394,019
Freddie Mac Multifamily Structured Pass Through Certificates
Series K043, Class A2, 3.06%, 12/25/24 (Call 01/25/25)		74		72,334
Series K048, Class A2, 3.28%, 06/25/25 (Call 08/25/25)(a)		100		97,758
Series K058, Class A2, 2.65%, 08/25/26 (Call 09/25/26)		75		71,240
Series K064, Class A2, 3.22%, 03/25/27 (Call 05/25/27)		100		95,788

54 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
Series K070, Class A2, 3.30%, 11/25/27 (Call 12/25/27)(a)	$	200	$	190,411
Series K115, Class A2, 1.38%, 06/25/30 (Call 07/25/30)		50		40,901
Series K131, Class A2, 1.85%, 07/25/31 (Call 09/25/31)		1,000		822,155
Series K735, Class A2, 2.86%, 05/25/26 (Call 06/25/26)		684		656,236
Series K739, Class A2, 1.34%, 09/25/27 (Call 09/25/27)		180		161,581
Government National Mortgage Association
2.00%, 08/20/50		155		126,691
2.00%, 11/20/50		415		338,631
2.00%, 12/20/50		2,993		2,440,447
2.00%, 01/20/51		4,079		3,320,215
2.00%, 02/20/51		1,581		1,288,650
2.00%, 10/20/51		1,960		1,595,244
2.00%, 12/20/51		384		312,536
2.50%, 10/20/50		503		426,062
2.50%, 01/20/51		179		151,241
2.50%, 02/20/51		183		155,415
2.50%, 05/20/51		1,978		1,675,573
2.50%, 08/20/51		118		100,119
2.50%, 11/20/51		3,354		2,838,192
2.50%, 12/20/51		846		715,898
2.50%, 02/20/52		1,751		1,481,128
2.50%, 08/20/52		349		295,002
3.00%, 03/20/45		31		27,660
3.00%, 12/20/45		4		3,269
3.00%, 01/20/46		4		3,277
3.00%, 03/20/46		248		220,343
3.00%, 05/20/46		2		2,012
3.00%, 08/20/46		10		8,688
3.00%, 09/20/46		89		79,157
3.00%, 04/20/49		46		40,628
3.00%, 10/15/49		31		27,237
3.00%, 12/20/49		994		878,641
3.00%, 01/20/50		140		123,550
3.00%, 02/20/50		347		306,736
3.00%, 07/20/50		116		101,955
3.00%, 12/20/50		160		141,067
3.00%, 08/20/51		1,039		911,905
3.00%, 09/20/51		882		773,715
3.00%, 10/20/51		582		510,170
3.00%, 11/20/51		135		118,075
3.00%, 12/20/51		433		379,828
3.00%, 02/20/52		888		778,039
3.50%, 10/20/42		727		672,901
3.50%, 05/20/47		408		373,642
3.50%, 09/20/47		781		714,268
3.50%, 02/20/48		142		129,482
3.50%, 03/20/49		347		317,360
3.50%, 09/20/49		216		197,038
3.50%, 10/20/49		144		131,874
3.50%, 12/20/49		61		55,356
3.50%, 01/20/50		323		294,545
3.50%, 01/20/52		904		818,350
3.50%, 02/20/52		319		288,442
3.50%, 03/20/54(k)		200		180,881
4.00%, 02/20/49		764		720,161
4.00%, 01/20/50		44		41,002

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
4.00%, 07/20/52	$	89	$	83,020
4.00%, 08/20/52		327		304,078
4.00%, 09/20/52		754		701,008
4.00%, 12/20/52		214		199,350
4.50%, 07/20/41		176		172,807
4.50%, 09/20/48		87		83,908
4.50%, 01/20/49		172		166,540
4.50%, 06/20/53		646		616,389
4.50%, 03/20/54(k)		825		787,782
5.00%, 07/20/52		47		46,405
5.00%, 09/20/52		483		471,875
5.00%, 12/20/52		375		366,429
5.00%, 01/20/53		237		231,237
5.00%, 04/20/53		142		138,756
5.00%, 03/20/54(k)		390		380,914
5.50%, 12/20/52		688		683,574
5.50%, 01/20/53		70		69,581
5.50%, 04/20/53		276		273,756
5.50%, 06/20/53		191		189,302
5.50%, 07/20/53		253		252,858
6.00%, 09/20/53		145		145,962
6.00%, 10/20/53		217		218,064
6.00%, 01/20/54		94		94,316
6.00%, 03/20/54(k)		700		703,413
6.50%, 11/20/53		106		107,738
6.50%, 03/20/54(k)		500		506,781
Uniform Mortgage-Backed Securities
1.50%, 03/01/36		157		135,958
1.50%, 10/01/36		61		53,141
1.50%, 02/01/37		1,257		1,085,483
1.50%, 03/01/37		1,585		1,369,294
1.50%, 04/01/37		123		106,475
1.50%, 08/01/37		107		92,693
1.50%, 11/01/50		435		325,903
1.50%, 03/01/51		620		463,147
1.50%, 04/01/51		457		341,304
1.50%, 05/01/51		879		657,307
1.50%, 07/01/51		1,571		1,173,862
2.00%, 12/01/35		44		39,198
2.00%, 02/01/36		735		652,608
2.00%, 03/01/36		144		127,796
2.00%, 04/01/36		52		46,327
2.00%, 05/01/36		31		27,537
2.00%, 06/01/36		577		510,324
2.00%, 08/01/36		394		348,672
2.00%, 09/01/36		705		622,397
2.00%, 10/01/36		233		205,895
2.00%, 11/01/36		205		181,265
2.00%, 12/01/36		442		391,202
2.00%, 01/01/37		607		535,370
2.00%, 02/01/37		749		660,610
2.00%, 04/01/37		1,935		1,708,114
2.00%, 05/01/37		292		257,243
2.00%, 06/01/37		625		551,326
2.00%, 03/18/39(k)		150		132,307
2.00%, 07/01/50		254		201,417
2.00%, 08/01/50		800		637,102
2.00%, 09/01/50		330		262,016
2.00%, 10/01/50		755		598,445
2.00%, 11/01/50		1,671		1,322,111
2.00%, 12/01/50		57		45,297

S C H E D U L E  O F  I N V E S T M E N T S 55

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
2.00%, 01/01/51	$	698	$	553,339
2.00%, 02/01/51		385		305,700
2.00%, 03/01/51		2,126		1,680,921
2.00%, 04/01/51		1,600		1,266,001
2.00%, 05/01/51		1,060		837,649
2.00%, 06/01/51		812		643,918
2.00%, 07/01/51		612		484,462
2.00%, 08/01/51		1,961		1,546,295
2.00%, 10/01/51		2,768		2,189,437
2.00%, 11/01/51		3,186		2,519,286
2.00%, 12/01/51		2,673		2,122,316
2.00%, 01/01/52		2,646		2,088,495
2.00%, 02/01/52		433		340,482
2.00%, 03/01/52		45		35,281
2.50%, 07/01/32		337		315,011
2.50%, 11/01/34		37		34,166
2.50%, 10/01/35		106		96,709
2.50%, 03/01/36		84		76,799
2.50%, 05/01/36		451		409,350
2.50%, 06/01/36		83		75,705
2.50%, 07/01/36		325		294,832
2.50%, 08/01/36		89		80,482
2.50%, 04/01/37		324		294,154
2.50%, 05/01/37		355		322,064
2.50%, 06/01/37		355		322,681
2.50%, 03/18/39(k)		475		430,606
2.50%, 10/01/50		96		80,866
2.50%, 11/01/50		1,263		1,049,042
2.50%, 12/01/50		290		239,790
2.50%, 01/01/51		289		237,697
2.50%, 03/01/51		510		423,525
2.50%, 04/01/51		133		109,504
2.50%, 07/01/51		382		316,364
2.50%, 08/01/51		1,465		1,220,656
2.50%, 09/01/51		1,578		1,308,088
2.50%, 10/01/51		1,083		893,524
2.50%, 11/01/51		2,354		1,941,448
2.50%, 12/01/51		3,332		2,760,169
2.50%, 01/01/52		2,987		2,462,311
2.50%, 02/01/52		446		369,231
2.50%, 03/01/52		1,341		1,102,516
2.50%, 04/01/52		1,759		1,453,450
3.00%, 03/01/30		82		78,939
3.00%, 09/01/34		381		356,237
3.00%, 03/01/35		35		32,375
3.00%, 07/01/35		26		24,296
3.00%, 03/18/39(k)		1,025		949,639
3.00%, 11/01/46		90		78,768
3.00%, 12/01/46		81		71,131
3.00%, 04/01/48		579		514,392
3.00%, 11/01/48		118		103,052
3.00%, 02/01/49		831		729,763
3.00%, 12/01/49		1,168		1,016,403
3.00%, 07/01/50		31		26,431
3.00%, 08/01/50		169		147,074
3.00%, 10/01/50		249		213,864
3.00%, 01/01/51		73		63,214
3.00%, 04/01/51		77		65,890
3.00%, 07/01/51		1,072		924,750
3.00%, 08/01/51		414		355,549
3.00%, 11/01/51		66		56,534

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 01/01/52	$	1,231	$	1,060,913
3.00%, 02/01/52		456		391,479
3.00%, 04/01/52		4,443		3,822,184
3.00%, 05/01/52		905		778,093
3.00%, 03/13/54(k)		25		21,380
3.50%, 02/01/34		104		100,240
3.50%, 03/18/39(k)		575		543,962
3.50%, 07/01/45		1,642		1,494,311
3.50%, 07/01/47		57		51,839
3.50%, 09/01/47		599		542,449
3.50%, 10/01/47		311		281,572
3.50%, 11/01/47		76		68,460
3.50%, 02/01/48		363		329,178
3.50%, 02/01/49		59		53,318
3.50%, 03/01/49		233		211,414
3.50%, 06/01/49		343		310,483
3.50%, 08/01/49		66		60,075
3.50%, 12/01/49		305		272,976
3.50%, 02/01/51		1,640		1,477,157
3.50%, 10/01/51		726		657,324
3.50%, 06/01/52		906		812,821
3.50%, 07/01/52		313		281,749
4.00%, 08/01/37		31		29,676
4.00%, 09/01/37		45		43,566
4.00%, 11/01/37		61		58,736
4.00%, 02/01/38		33		31,346
4.00%, 05/01/38		28		27,299
4.00%, 11/01/38		18		17,417
4.00%, 03/18/39(k)		525		505,617
4.00%, 09/01/47		38		35,808
4.00%, 05/01/48		1,143		1,068,127
4.00%, 09/01/48		340		317,427
4.00%, 03/01/49		173		161,213
4.00%, 07/01/49		695		649,195
4.00%, 08/01/49		251		235,307
4.00%, 04/01/50		523		487,900
4.00%, 05/01/50		246		228,956
4.00%, 03/01/51		1,215		1,133,932
4.00%, 05/01/52		511		470,913
4.00%, 06/01/52		658		606,859
4.00%, 08/01/52		598		550,814
4.00%, 03/13/54(k)		600		551,985
4.50%, 04/01/49		79		76,374
4.50%, 09/01/50		387		372,191
4.50%, 10/01/50		141		134,608
4.50%, 05/01/52		155		149,030
4.50%, 06/01/52		739		699,290
4.50%, 09/01/52		1,046		992,204
4.50%, 10/01/52		1,894		1,799,455
4.50%, 11/01/52		43		40,492
4.50%, 12/01/52		327		312,356
4.50%, 08/01/53		38		36,079
5.00%, 09/01/49		27		26,316
5.00%, 08/01/52		116		112,786
5.00%, 09/01/52		273		267,110
5.00%, 10/01/52		402		392,407
5.00%, 11/01/52		348		340,081
5.00%, 12/01/52		299		292,533
5.00%, 01/01/53		826		804,015
5.00%, 03/01/53		94		92,351
5.00%, 04/01/53		236		228,700

56 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Mortgage-Backed Securities (continued)
5.00%, 06/01/53	$	193	$	188,984
5.00%, 03/01/54(k)		1,500		1,454,532
5.50%, 09/01/52		114		114,446
5.50%, 11/01/52		163		162,099
5.50%, 12/01/52		628		627,930
5.50%, 01/01/53		728		728,741
5.50%, 02/01/53		324		322,565
5.50%, 03/01/53		190		189,624
5.50%, 04/01/53		155		155,293
5.50%, 05/01/53		647		640,793
5.50%, 06/01/53		44		44,175
5.50%, 03/13/54(k)		1,055		1,043,577
6.00%, 01/01/53		72		73,616
6.00%, 06/01/53		84		85,076
6.00%, 07/01/53		225		225,430
6.00%, 08/01/53		337		342,235
6.00%, 09/01/53		438		442,911
6.00%, 11/01/53		642		647,563
6.00%, 12/01/53		195		196,577
6.00%, 02/01/54		119		120,403
6.00%, 03/13/54(k)		1,125		1,129,692
6.00%, 04/11/54(k)		575		577,308
6.50%, 10/01/53		53		53,857
6.50%, 11/01/53		63		64,156
6.50%, 12/01/53		616		632,327
6.50%, 01/01/54		417		426,361
6.50%, 02/01/54		505		520,815
6.50%, 03/13/54(k)		2,400		2,441,964
				137,965,748
U.S. Government Obligations — 35.9%
U.S. Treasury Note/Bond
0.25%, 05/31/25		1,250		1,179,785
0.25%, 06/30/25		1,150		1,082,168
0.25%, 07/31/25		1,200		1,125,234
0.25%, 08/31/25		300		280,395
0.25%, 09/30/25		1,280		1,192,450
0.25%, 10/31/25		1,300		1,207,172
0.38%, 04/30/25		1,590		1,508,326
0.38%, 11/30/25		1,000		927,734
0.38%, 12/31/25(c)		1,560		1,443,183
0.38%, 01/31/26		3,370		3,107,377
0.38%, 09/30/27		1,100		955,969
0.50%, 02/28/26		800		737,500
0.50%, 05/31/27		1,000		883,203
0.50%, 08/31/27		780		682,988
0.50%, 10/31/27		230		200,226
0.63%, 07/31/26		2,000		1,823,437
0.63%, 11/30/27		700		610,695
0.63%, 12/31/27		1,445		1,256,924
0.63%, 05/15/30		115		92,332
0.63%, 08/15/30		2,050		1,632,152
0.75%, 03/31/26		300		277,383
0.75%, 04/30/26		1,400		1,290,406
0.75%, 08/31/26		600		547,313
0.75%, 01/31/28		1,700		1,482,453
0.88%, 06/30/26		2,300		2,116,359
0.88%, 09/30/26		1,900		1,735,234
0.88%, 11/15/30		1,190		957,950
1.00%, 07/31/28		2,100		1,823,883
1.13%, 01/15/25(c)		390		376,883
1.13%, 10/31/26		1,100		1,008,219

Security	Par (000)		Value
U.S. Government Obligations (continued)
1.13%, 02/28/27	$	700	$	635,961
1.13%, 02/29/28		2,130		1,881,722
1.13%, 08/31/28		2,400		2,091,188
1.13%, 02/15/31		1,015		827,701
1.13%, 05/15/40		1,300		802,141
1.13%, 08/15/40		1,590		971,391
1.25%, 11/30/26		1,900		1,743,844
1.25%, 12/31/26		1,700		1,557,625
1.25%, 03/31/28		2,550		2,259,539
1.25%, 04/30/28		1,400		1,237,687
1.25%, 05/31/28		1,600		1,411,375
1.25%, 06/30/28		1,660		1,461,189
1.25%, 09/30/28		1,700		1,486,570
1.25%, 08/15/31		1,550		1,255,016
1.25%, 05/15/50		1,055		535,907
1.38%, 10/31/28		1,970		1,729,752
1.38%, 12/31/28		1,400		1,224,125
1.38%, 11/15/31		1,950		1,583,156
1.38%, 11/15/40		1,480		939,569
1.38%, 08/15/50		1,440		756,000
1.50%, 02/15/25		760		734,439
1.50%, 08/15/26		1,400		1,302,547
1.50%, 01/31/27		2,000		1,841,250
1.50%, 11/30/28		1,300		1,146,133
1.63%, 05/15/26		1,650		1,548,680
1.63%, 10/31/26		600		557,344
1.63%, 05/15/31		1,800		1,508,906
1.63%, 11/15/50		1,600		898,750
1.75%, 03/15/25		910		879,821
1.75%, 01/31/29		2,300		2,044,664
1.75%, 08/15/41		1,820		1,212,291
1.88%, 02/28/27		1,000		929,141
1.88%, 02/28/29		1,050		937,699
1.88%, 02/15/32		2,150		1,805,664
1.88%, 02/15/41		1,350		930,234
1.88%, 02/15/51		1,770		1,060,064
1.88%, 11/15/51		1,570		936,112
2.00%, 08/15/25		1,100		1,056,559
2.00%, 11/15/26		2,000		1,875,156
2.00%, 11/15/41		1,300		899,844
2.00%, 02/15/50		900		560,531
2.00%, 08/15/51		1,850		1,140,062
2.25%, 11/15/25		1,550		1,487,273
2.25%, 03/31/26		600		572,250
2.25%, 02/15/27		570		535,934
2.25%, 08/15/27		700		652,586
2.25%, 11/15/27		1,000		928,516
2.25%, 05/15/41		1,550		1,131,742
2.25%, 08/15/46		1,300		882,984
2.25%, 02/15/52		1,320		863,981
2.38%, 05/15/27		600		564,047
2.38%, 03/31/29		680		621,456
2.38%, 05/15/29		1,000		912,344
2.38%, 02/15/42		1,300		955,703
2.38%, 05/15/51		2,000		1,350,312
2.50%, 03/31/27		700		661,938
2.50%, 02/15/45		1,075		779,207
2.50%, 02/15/46		760		545,419
2.50%, 05/15/46		900		644,203
2.63%, 01/31/26		560		539,350
2.63%, 05/31/27		1,400		1,325,406

S C H E D U L E  O F  I N V E S T M E N T S 57

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
U.S. Government Obligations (continued)
2.63%, 02/15/29	$	1,000	$	926,562
2.63%, 07/31/29		1,000		921,250
2.75%, 05/15/25		1,800		1,754,227
2.75%, 04/30/27		3,000		2,854,453
2.75%, 02/15/28		1,400		1,319,828
2.75%, 05/31/29		900		836,086
2.75%, 08/15/32		2,400		2,142,750
2.75%, 08/15/42		290		225,566
2.75%, 11/15/42		400		310,000
2.75%, 08/15/47		550		408,891
2.75%, 11/15/47		600		445,219
2.88%, 05/31/25		600		585,258
2.88%, 06/15/25		650		633,598
2.88%, 05/15/28		1,000		944,922
2.88%, 08/15/28		600		565,500
2.88%, 04/30/29		800		748,625
2.88%, 05/15/32		2,000		1,808,125
2.88%, 05/15/43		200		157,406
2.88%, 08/15/45		960		741,300
2.88%, 11/15/46		600		459,094
2.88%, 05/15/49		200		151,219
2.88%, 05/15/52		1,300		979,469
3.00%, 07/15/25		1,300		1,268,160
3.00%, 09/30/25		480		467,025
3.00%, 10/31/25		250		243,008
3.00%, 05/15/42		250		202,578
3.00%, 11/15/44		500		396,641
3.00%, 05/15/45		990		783,028
3.00%, 11/15/45		400		315,188
3.00%, 02/15/47		500		390,703
3.00%, 05/15/47		600		468,188
3.00%, 02/15/48		800		621,750
3.00%, 08/15/48		700		543,156
3.00%, 08/15/52		1,400		1,083,031
3.13%, 08/15/25		1,130		1,103,207
3.13%, 11/15/28		1,100		1,045,859
3.13%, 08/31/29		700		660,680
3.13%, 02/15/43		500		410,391
3.13%, 08/15/44		500		405,703
3.13%, 05/15/48		550		437,078
3.25%, 06/30/27		900		868,711
3.25%, 06/30/29		700		665,930
3.25%, 05/15/42		700		588,875
3.38%, 05/15/33		2,800		2,612,750
3.38%, 08/15/42		400		342,063
3.38%, 05/15/44		100		84,547
3.38%, 11/15/48		1,500		1,245,937
3.50%, 09/15/25		1,000		980,781
3.50%, 01/31/28		638		618,860
3.50%, 04/30/28		1,000		969,062
3.50%, 01/31/30		700		671,727
3.50%, 04/30/30		800		766,500
3.50%, 02/15/33		2,400		2,264,250
3.63%, 05/15/26		1,300		1,274,406
3.63%, 03/31/28		800		779,125
3.63%, 05/31/28		1,400		1,362,922
3.63%, 03/31/30		700		675,664
3.63%, 08/15/43		200		176,313
3.63%, 02/15/53		1,114		974,402
3.63%, 05/15/53		1,030		901,733
3.75%, 04/15/26		2,050		2,015,246

Security	Par (000)		Value
U.S. Government Obligations (continued)
3.75%, 12/31/28	$	1,200	$	1,172,812
3.75%, 05/31/30		400		388,406
3.75%, 06/30/30		438		425,202
3.75%, 12/31/30		800		775,375
3.75%, 11/15/43		300		269,016
3.88%, 03/31/25		700		691,633
3.88%, 01/15/26		100		98,578
3.88%, 11/30/27		800		786,750
3.88%, 12/31/27		800		786,688
3.88%, 09/30/29		700		686,109
3.88%, 11/30/29		700		685,836
3.88%, 12/31/29		800		783,563
3.88%, 08/15/33		2,200		2,134,344
3.88%, 02/15/43		488		446,978
3.88%, 05/15/43		486		444,462
4.00%, 12/15/25		513		506,748
4.00%, 02/15/26		1,900		1,877,437
4.00%, 02/29/28		1,000		987,734
4.00%, 06/30/28		538		531,527
4.00%, 01/31/29(c)		1,000		988,437
4.00%, 02/28/30		800		788,187
4.00%, 07/31/30		600		590,719
4.00%, 01/31/31		600		590,344
4.00%, 02/15/34		1,000		980,469
4.00%, 11/15/42		488		455,670
4.00%, 11/15/52		900		843,047
4.13%, 01/31/25		600		594,773
4.13%, 06/15/26		1,441		1,427,603
4.13%, 09/30/27		900		892,758
4.13%, 07/31/28		500		496,484
4.13%, 08/31/30		300		297,328
4.13%, 11/15/32		2,800		2,770,687
4.13%, 08/15/53		1,338		1,281,971
4.25%, 05/31/25		526		521,665
4.25%, 10/15/25		820		813,370
4.25%, 01/31/26(c)		800		794,062
4.25%, 02/28/31		1,000		998,906
4.25%, 05/15/39		400		395,563
4.38%, 08/15/26		1,200		1,196,062
4.38%, 12/15/26		1,500		1,497,070
4.38%, 08/31/28		800		802,562
4.38%, 11/30/28		2,300		2,309,883
4.38%, 11/30/30		1,200		1,206,750
4.38%, 08/15/43		963		943,138
4.50%, 11/15/25		701		698,262
4.50%, 07/15/26		501		500,609
4.50%, 11/15/33		2,800		2,853,375
4.50%, 02/15/36		100		103,438
4.63%, 02/28/25		851		847,410
4.63%, 06/30/25		700		697,758
4.63%, 03/15/26		2,000		2,000,000
4.63%, 09/15/26		1,400		1,404,047
4.63%, 10/15/26		1,400		1,404,703
4.63%, 11/15/26		1,000		1,003,750
4.63%, 09/30/28		600		608,109
4.63%, 09/30/30		600		611,813
4.75%, 07/31/25		524		523,345
4.75%, 02/15/37		600		633,281
4.75%, 11/15/43		910		936,731
4.75%, 11/15/53		1,400		1,490,562
4.88%, 11/30/25		800		801,969

58 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF (Percentages shown are based on Net Assets)

Security	Par (000)			Value
U.S. Government Obligations (continued)
4.88%, 10/31/28	$	1,400		$	1,434,234
4.88%, 10/31/30		500			517,031
5.00%, 05/15/37		400			431,500
					211,760,492
Total U.S. Government & Agency Obligations — 59.3% (Cost: $392,531,587)					349,726,240
Total Long-Term Investments — 98.5% (Cost: $645,084,875)					581,303,989
	Shares
Short-Term Securities
Money Market Funds — 4.7%
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.30%(l)(m)(n)		27,853,397			27,853,397
Total Short-Term Securities — 4.7% (Cost: $27,853,397)					27,853,397
Total Investments Before TBA Sales Commitments — 103.2% (Cost: $672,938,272)					609,157,386
	Par (000)
TBA Sales Commitments(k)
Mortgage-Backed Securities — (0.2)%
Uniform Mortgage-Backed Securities
6.00%, 03/13/54		(575	)		(577,398	)
6.50%, 03/13/54		(725	)		(737,677	)
Total TBA Sales Commitments — (0.2)% (Proceeds: $(1,314,223))					(1,315,075	)
Total Investments, Net of TBA Sales Commitments — 103.0% (Cost: $671,624,049)					607,842,311
Liabilities in Excess of Other Assets — (3.0)%				(17,502,635)
Net Assets — 100.0%				$590,339,676

^(a)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(b)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

^(d)  Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

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

^(f)  Perpetual security with no stated maturity date.

^(g)  Zero-coupon bond.

^(h)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

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

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

^(k)  Represents or includes a TBA transaction.

^(l)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 29, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/23		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 02/29/24		Shares Held at 02/29/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares	$	18,430,070	$	9,423,327	(a)	$	—	$	—	$	—	$	27,853,397		27,853,397	$	823,260	(b)	$	—

^(a)  Represents net amount purchased (sold).

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

S C H E D U L E  O F  I N V E S T M E N T S 59

Schedule of Investments (continued) February 29, 2024 iShares^® ESG Advanced Total USD Bond Market ETF

Fair Value Hierarchy as of Period End

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

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

	Level 1		Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	2,411,098		$	—	$	2,411,098
Collaterized Mortgage Obligations		—		5,396,515			—		5,396,515
Corporate Bonds & Notes		—		186,092,103			50,968		186,143,071
Foreign Government Obligations		—		37,627,065			—		37,627,065
U.S. Government & Agency Obligations		—		349,726,240			—		349,726,240
Short-Term Securities
Money Market Funds		27,853,397		—			—		27,853,397
Liabilities
Investments
TBA Sales Commitments		—		(1,315,075	)		—		(1,315,075	)
	$	27,853,397	$	579,937,946		$	50,968	$	607,842,311

See notes to financial statements.

60 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Assets and Liabilities

February 29, 2024

	iShares ESG Advanced Investment Grade Corporate Bond ETF			iShares ESG Advanced Total USD Bond Market ETF
ASSETS
Investments, at value — unaffiliated(a)(b)	$	11,728,187		$	581,303,989
Investments, at value — affiliated(c)		558,619			27,853,397
Cash		423			96,658
Foreign currency, at value(d)		—			569
Receivables:
Investments sold		125,039			9,954,448
Securities lending income — affiliated		120			5,635
TBA sales commitments		—			1,314,223
Capital shares sold		—			24,396
Dividends — affiliated		1,157			63,813
Interest — unaffiliated		149,278			4,205,208
Total assets		12,562,823			624,822,336
LIABILITIES
Collateral on securities loaned, at value		268,431			12,763,397
TBA sales commitments, at value(e)		—			1,315,075
Payables:
Investments purchased		180,347			20,349,141
Investment advisory fees		1,737			55,047
Total liabilities		450,515			34,482,660
Commitments and contingent liabilities
NET ASSETS	$	12,112,308		$	590,339,676
NET ASSETS CONSIST OF
Paid-in capital	$	15,158,203		$	680,968,566
Accumulated loss		(3,045,895	)		(90,628,890	)
NET ASSETS	$	12,112,308		$	590,339,676
NET ASSETVALUE
Shares outstanding		150,000			13,900,000
Net asset value	$	80.75		$	42.47
Shares authorized		Unlimited			Unlimited
Par value		None			None
(a) Investments, at cost — unaffiliated	$	13,580,840		$	645,084,875
(b) Securities loaned, at value	$	259,311		$	9,714,028
(c)  Investments, at cost — affiliated	$	558,479		$	27,853,397
(d) Foreign currency, at cost	$	—		$	563
(e) Proceeds from TBA sales commitments	$	—		$	1,314,223

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 61

Statements of Operations

Year Ended February 29, 2024

	iShares ESG Advanced Investment Grade Corporate Bond ETF			iShares ESG Advanced Total USD Bond Market ETF
INVESTMENT INCOME
Dividends — affiliated	$	8,257		$	750,117
Interest — unaffiliated		479,266			18,469,136
Securities lending income — affiliated — net		1,923			73,143
Other income — unaffiliated		—			588
Total investment income		489,446			19,292,984
EXPENSES
Investment advisory		21,541			700,859
Interest expense		—			63
Total expenses		21,541			700,922
Less:
Investment advisory fees waived		—			(13,124	)
Total expenses after fees waived		21,541			687,798
Net investment income		467,905			18,605,186
REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Investments — unaffiliated		(371,208	)		(7,243,308	)
Investments — affiliated		(112	)		—
Foreign currency transactions		—			(1	)
In-kind redemptions — unaffiliated(a)		—			(5,362,181	)
		(371,320	)		(12,605,490	)
Net change in unrealized appreciation (depreciation) on:
Investments — unaffiliated		587,277			12,108,464
Foreign currency translations		—			10
		587,277			12,108,474
Net realized and unrealized gain (loss)		215,957			(497,016	)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	683,862		$	18,108,170

^(a)  See Note 2 of the Notes to Financial Statements.

See notes to financial statements.

62 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Statements of Changes in Net Assets

	iShares ESG Advanced Investment Grade Corporate Bond ETF						iShares ESG Advanced Total USD Bond Market ETF
	Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/29/24			Year Ended 02/28/23
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income	$	467,905		$	457,695		$	18,605,186		$	17,739,911
Net realized loss		(371,320	)		(1,752,499	)		(12,605,490	)		(41,430,926	)
Net change in unrealized appreciation (depreciation)		587,277			(1,000,276	)		12,108,474			(50,521,134	)
Net increase (decrease) in net assets resulting from operations		683,862			(2,295,080	)		18,108,170			(74,212,149	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Decrease in net assets resulting from distributions to shareholders		(464,156	)		(457,951	)		(18,397,296	)		(17,304,554	)
CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions		—			(3,953,019	)		19,935,401			52,415,316
NET ASSETS
Total increase (decrease) in net assets		219,706			(6,706,050	)		19,646,275			(39,101,387	)
Beginning of year		11,892,602			18,598,652			570,693,401			609,794,788
End of year	$	12,112,308		$	11,892,602		$	590,339,676		$	570,693,401

^(a) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

F I N A N C I A L  S T A T E M E N T S 63

Financial Highlights

(For a share outstanding throughout each period)

	iShares ESG Advanced Investment Grade Corporate Bond ETF
				Year Ended 02/29/24			Year Ended 02/28/23			Period From 11/08/21 to 02/28/22	(a)
Net asset value, beginning of period			$	79.28		$	92.99		$	100.00
Net investment income(b)				3.12			2.45			0.64
Net realized and unrealized gain (loss)(c)				1.44			(13.69	)		(7.19	)
Net increase (decrease) from investment operations				4.56			(11.24	)		(6.55	)
Distributions from net investment income(d)				(3.09	)		(2.47	)		(0.46	)
Net asset value, end of period			$	80.75		$	79.28		$	92.99
Total Return(e)
Based on net asset value				5.87	%		(12.17	)%		(6.56	)%(f)
Ratios to Average Net Assets(g)
Total expenses				0.18	%		0.18	%		0.18	%(h)
Net investment income				3.91	%		2.97	%		2.16	%(h)
Supplemental Data
Net assets, end of period (000)			$	12,112		$	11,893		$	18,599
Portfolio turnover rate(i)				29	%		35	%		7	%(f)

^(a) Commencement of operations.

^(b)  Based on average shares outstanding.

^(c) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(d) Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(e) Where applicable, assumes the reinvestment of distributions.

^(f) Not annualized.

^(g)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(h) Annualized.

⁽ⁱ⁾ Portfolio turnover rate excludes in-kind transactions, if any.

See notes to financial statements.

64 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Financial Highlights (continued)

(For a share outstanding throughout each period)

	iShares ESG Advanced Total USD Bond Market ETF
		Year Ended 02/29/24			Year Ended 02/28/23			Year Ended 02/28/22			Period From 06/23/20 to 02/28/21	(a)
Net asset value, beginning of period	$	42.27		$	47.64		$	49.61		$	50.00
Net investment income(b)		1.35			1.01			0.60			0.35
Net realized and unrealized gain (loss)(c)		0.19			(5.38	)		(2.01	)		(0.42	)
Net increase (decrease) from investment operations		1.54			(4.37	)		(1.41	)		(0.07	)
Distributions from net investment income(d)		(1.34	)		(1.00	)		(0.56	)		(0.32	)
Net asset value, end of period	$	42.47		$	42.27		$	47.64		$	49.61
Total Return(e)
Based on net asset value		3.70	%		(9.22	)%		(2.85	)%		(0.16	)%(f)
Ratios to Average Net Assets(g)
Total expenses		0.12	%		0.12	%		0.12	%		0.12	%(h)
Total expenses after fees waived		0.12	%		0.11	%		0.11	%		0.11	%(h)
Net investment income		3.19	%		2.32	%		1.23	%		1.03	%(h)
Supplemental Data
Net assets, end of period (000)	$	590,340		$	570,693		$	609,795		$	188,521
Portfolio turnover rate(i)(j)		63	%		167	%		243	%		216	%(f)

^(a)  Commencement of operations.

^(b) Based on average shares outstanding.

^(c)  The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

^(d)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(e) Where applicable, assumes the reinvestment of distributions.

^(f)  Not annualized.

^(g)  Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

^(h)  Annualized.

⁽ⁱ⁾  Portfolio turnover rate excludes in-kind transactions, if any.

^(j)  Includes mortgage dollar roll transactions (“MDRs”).

See notes to financial statements.

F I N A N C I A L  H I G H L I G H T S 65

Notes to Financial Statements

1. ORGANIZATION

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

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

iShares ETF	Diversification Classification
ESG Advanced Investment Grade Corporate Bond		Non-diversified
ESG Advanced Total USD Bond Market		Diversified	(a)

^(a)  The Fund’s classification changed from non-diversified to diversified during the reporting period.

2. SIGNIFICANT ACCOUNTING POLICIES

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

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the “trade dates”). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, and payment-in-kind interest are recognized daily on an accrual basis.

Foreign Currency Translation: Each Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using prevailing market rates as quoted by one or more data service providers. Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

Collateralization: If required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments.

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

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

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

3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

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

66 2 0 2 4  I S H A R E S  A N N U A L  R E P O R T  T O  S H A R E H O L D E R S

Notes to Financial Statements (continued)

formed a committee (the “Valuation Committee”) to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

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

• Fixed-income investments for which market quotations are readily available are generally valued using the last available bid price or current market quotations provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV.

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

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

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

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

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

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

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

4. SECURITIES AND OTHER INVESTMENTS

Asset-Backed and Mortgage-Backed Securities: Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the “Mortgage Assets”) there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are

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Notes to Financial Statements (continued)

guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower’s ability to repay its loans.

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

TBA Commitments: TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the “in-the-money” party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Funds’ investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statements of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

Mortgage Dollar Roll Transactions: Certain Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

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

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

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

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Notes to Financial Statements (continued)

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

iShares ETF and Counterparty		Securities Loaned at Value		Cash Collateral Received	(a)		Non-Cash Collateral Received, at Fair Value	(a)		Net Amount
ESG Advanced Investment Grade Corporate Bond
Barclays Capital, Inc.	$	40,310	$	(40,310	)	$	—		$	—
BMO Capital Markets Corp.		25,583		(25,583	)		—			—
BofA Securities, Inc.		39,608		(39,608	)		—			—
J.P. Morgan Securities LLC		78,577		(78,577	)		—			—
Nomura Securities International, Inc.		22,926		(22,926	)		—			—
RBC Capital Markets LLC		37,280		(37,280	)		—			—
Scotia Capital (USA), Inc.		15,027		(15,027	)		—			—
	$	259,311	$	(259,311	)	$	—		$	—
ESG Advanced Total USD Bond Market
Barclays Bank PLC	$	738,225	$	(738,225	)	$	—		$	—
Barclays Capital, Inc.		58,677		(58,677	)		—			—
BMO Capital Markets Corp.		77,869		(77,869	)		—			—
BNP Paribas SA		582,421		(582,421	)		—			—
BofA Securities, Inc.		348,425		(348,425	)		—			—
Citigroup Global Markets, Inc.		1,387,391		(1,387,391	)		—			—
Goldman Sachs & Co. LLC		2,418,602		(2,418,602	)		—			—
J.P. Morgan Securities LLC		2,835,565		(2,835,565	)		—			—
Jefferies LLC		280,506		(280,506	)		—			—
Morgan Stanley		405,676		(405,676	)		—			—
Nomura Securities International, Inc.		34,718		(34,718	)		—			—
Pershing LLC		69,420		(69,420	)		—			—
RBC Capital Markets LLC		175,475		(175,475	)		—			—
Scotia Capital (USA), Inc.		16,927		(16,927	)		—			—
State Street Bank & Trust Co.		89,311		(89,311	)		—			—
UBS AG		59,637		(59,637	)		—			—
UBS Securities LLC		30,706		(30,706	)		—			—
Wells Fargo Securities LLC		104,477		(104,477	)		—			—
	$	9,714,028	$	(9,714,028	)	$	—		$	—

^(a)  Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s Statements of Assets and Liabilities.

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

5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES

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

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

iShares ETF	Investment Advisory Fees
ESG Advanced Investment Grade Corporate Bond		0.18	%
ESG Advanced Total USD Bond Market		0.12

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Notes to Financial Statements (continued)

Expense Waivers: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies (“acquired fund fees and expenses”). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund’s total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.

For the iShares ESG Advanced Total USD Bond Market ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through June 30, 2025 in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA or its affiliates.

This amount is included in investment advisory fees waived in the Statements of Operations. For the year ended February 29, 2024, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

iShares ETF	Amounts Waived
ESG Advanced Total USD Bond Market	$	13,124

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

ETF Servicing Fees: Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units (“ETF Services”). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

Prior to January 26, 2024 (date of conversion for respective funds), ETF Services were performed by State Street Bank and Trust Company.

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

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

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

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

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 29, 2024, the Funds paid BTC the following amounts for securities lending agent services:

iShares ETF	Amounts
ESG Advanced Investment Grade Corporate Bond	$	577
ESG Advanced Total USD Bond Market		17,576

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

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

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

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Notes to Financial Statements (continued)

6. PURCHASES AND SALES

For the year ended February 29, 2024, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

	U.S. Government Securities				Other Securities
iShares ETF	Purchases		Sales		Purchases		Sales
ESG Advanced Investment Grade Corporate Bond	$	—	$	—	$	3,393,963	$	3,360,398
ESG Advanced Total USD Bond Market		325,065,184		313,242,576		44,108,833		47,575,713

For the year ended February 29, 2024, in-kind transactions were as follows:

iShares ETF	In-kind Purchases		In-kind  Sales
ESG Advanced Total USD Bond Market	$	70,760,450	$	58,559,419

7. INCOME TAX INFORMATION

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

Management has analyzed tax laws and regulations and their application to the Funds as of February 29, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 29, 2024, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

iShares ETF	Paid-in Capital		Accumulated  Earnings (Loss)
ESG Advanced Total USD Bond Market	$	(5,364,802)	$	5,364,802

The tax character of distributions paid was as follows:

iShares ETF	Year Ended 02/29/24		Year Ended 02/28/23
ESG Advanced Investment Grade Corporate Bond
Ordinary income	$	464,156	$	457,951
ESG Advanced Total USD Bond Market
Ordinary income	$	18,397,296	$	17,304,554

As of February 29, 2024, the tax components of accumulated net earnings (losses) were as follows:

iShares ETF		Undistributed Ordinary Income		Non-expiring Capital Loss Carryforwards	(a)		Net Unrealized Gains (Losses)	(b)		Total
ESG Advanced Investment Grade Corporate Bond	$	42,815	$	(1,229,795)		$	(1,858,915)		$	(3,045,895)
ESG Advanced Total USD Bond Market		1,723,158		(28,347,698)			(64,004,350)			(90,628,890)

^(a)  Amounts available to offset future realized capital gains.

^(b)  The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities, the classification of investments and TBA transactions.

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Notes to Financial Statements (continued)

As of February 29, 2024, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

iShares ETF		Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation		Net Unrealized Appreciation (Depreciation)
ESG Advanced Investment Grade Corporate Bond	$	14,145,721	$	57,632	$	(1,916,547)	$	(1,858,915)
ESG Advanced Total USD Bond Market		673,160,890		1,299,688		(65,304,044)		(64,004,356)

8. PRINCIPAL RISKS

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

BFA uses an indexing approach to try to achieve each Fund’s investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

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

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

Valuation Risk: The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact the resulting fair value and therefore each Fund’s results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by each Fund, and each Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. Each Fund’s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.

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

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

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative “debt ceiling.” Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the the Funds invest.

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

The Funds invest a significant portion of their assets in fixed-income securities and/or uses derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will

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Notes to Financial Statements (continued)

decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates due to the period of historically low interest rates that ended in March 2022. The Federal Reserve has recently raised the federal funds rate as part of its efforts to address inflation. There is a risk that interest rates will continue to rise, which will likely drive down the prices of bonds and other fixed-income securities, and could negatively impact the Funds’ performance.

The Funds invest a significant portion of their assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

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

LIBOR Transition Risk: The Funds may be exposed to financial instruments that recently transitioned from, or continue to be tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, has ceased publishing all LIBOR settings, but some USD LIBOR settings will continue to be published under a synthetic methodology until September 30, 2024 for certain legacy contracts. The Secured Overnight Financing Rate (“SOFR”) has been used increasingly on a voluntary basis in new instruments and transactions. Under U.S. regulations that implement a statutory fallback mechanism to replace LIBOR, benchmark rates based on SOFR have replaced LIBOR in certain financial contracts. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

9.  CAPITAL SHARE TRANSACTIONS

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

Transactions in capital shares were as follows:

	Year Ended 02/29/24						Year Ended 02/28/23
iShares ETF	Shares			Amount			Shares			Amount
ESG Advanced Investment Grade Corporate Bond
Shares redeemed		—		$	—			(50,000	)	$	(3,953,019	)
ESG Advanced Total USD Bond Market
Shares sold		2,300,000		$	97,601,454			7,800,000		$	359,712,060
Shares redeemed		(1,900,000	)		(77,666,053	)		(7,100,000	)		(307,296,744	)
		400,000		$	19,935,401			700,000		$	52,415,316

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

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

10.  SUBSEQUENT EVENTS

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

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S 73

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the two funds listed in the table below

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (two of the funds constituting iShares Trust, hereafter collectively referred to as the “Funds”) as of February 29, 2024, the related statements of operations for the year ended February 29, 2024, the statements of changes in net assets for each of the two years in the period ended February 29, 2024, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of February 29, 2024, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 29, 2024 and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

iShares ESG Advanced Investment Grade Corporate Bond ETF

iShares ESG Advanced Total USD Bond Market ETF

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 29, 2024 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 19, 2024

We have served as the auditor of one or more BlackRock investment companies since 2000.

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Important Tax Information (unaudited) 

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 29, 2024:

iShares ETF	Federal Obligation  Interest
ESG Advanced Investment Grade Corporate Bond	$	1,242
ESG Advanced Total USD Bond Market		5,359,062

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 29, 2024:

iShares ETF	Interest Dividends
ESG Advanced Investment Grade Corporate Bond	$	468,381
ESG Advanced Total USD Bond Market		18,588,492

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 29, 2024:

iShares ETF	Interest-Related  Dividends
ESG Advanced Investment Grade Corporate Bond	$	378,403
ESG Advanced Total USD Bond Market		15,710,183

I M P O R T A N T  T A X   I N F O R M A T I O N 75

Statement Regarding Liquidity Risk Management Program (unaudited)

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

The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 8, 2023 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40Act Liquidity Risk Management Committee (the “Committee”).At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2022 through September 30, 2023 (the “Program Reporting Period”).

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

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

a) The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes.

b) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size utilized for liquidity classifications. The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections.

c) Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. The Committee also considered that ETFs generally do not engage in borrowing.

d) The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period.

e) The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. There were no ETFs for which the custom baskets accepted by the ETF had a significant change in its liquidity profile.

There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

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Supplemental Information (unaudited)

Tailored Shareholder Reports for Open-End Mutual Funds and ETFs

Effective January 24, 2023, the SEC adopted rule and form amendments to require open-end mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will no longer appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds.

Premium/Discount Information

Information on the Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at iShares.com.

S U P P L E M E N T A L  I N F O R M A T I O N 77

Trustee and Officer Information (unaudited)

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BFA and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as independent trustees (“Independent Trustees”).

The registered investment companies advised by BFA or its affiliates (the “BlackRock-advised Funds”) are organized into one complex of open-end equity, multi-asset, index and money market funds and ETFs (the “BlackRock Multi-Asset Complex”), one complex of closed-end funds and open-end non-index fixed-income funds (including ETFs) (the “BlackRock Fixed-Income Complex”) and one complex of ETFs (“Exchange-Traded Fund Complex”) (each, a “BlackRock Fund Complex”). Each Fund is included in the Exchange-Traded Fund Complex. Each Trustee also serves as a Director of iShares, Inc. and a Trustee of iShares U.S. ETF Trust and, as a result, oversees all of the funds within the Exchange-Traded Fund Complex, which consists of 401 funds as of February 29, 2024. With the exception of Robert S. Kapito and Aaron Wasserman, the address of each Trustee and officer is c/o BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. The address of Mr. Kapito and Mr. Wasserman is c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001. The Board has designated John E. Kerrigan as its Independent Board Chair. Additional information about the Funds’ Trustees and officers may be found in the Funds’ combined Statement of Additional Information, which is available without charge, upon request, by calling toll-free 1-800-iShares (1-800-474-2737).

Interested Trustees
Name  (Year of  Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
Robert S. Kapito(a) (1957)	Trustee (since 2009).	President, of BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002).	Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011).
(a)   Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates.
		Independent Trustees
Name  (Year of  Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E. Kerrigan (1955)	Trustee (since 2005); Independent Board Chair (since 2022).	Chief Investment Officer, Santa Clara University (since 2002).	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022).
Jane D. Carlin (1956)	Trustee (since 2015); Risk Committee Chair (since 2016).	Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012).	Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016).
Richard L. Fagnani (1954)	Trustee (since 2017); Audit Committee Chair (since 2019).	Partner, KPMG LLP (2002-2016); Director of One Generation Away (since 2021).	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017).
Cecilia H. Herbert (1949)	Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022).	Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York’s public media company (since 2011) and Member of the Audit Committee (since 2018), Investment Committee (since 2011) and Personnel Committee (since 2022); Member of the Wyoming State Investment Funds Committee (since 2022); Director of the Jackson Hole Center for the Arts (since 2021); Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018).	Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011).
Drew E. Lawton (1959)	Trustee (since 2017); 15(c) Committee Chair (since 2017).	Senior Managing Director of New York Life Insurance Company (2010-2015).	Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Director of Jackson Financial Inc. (since 2021).

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Trustee and Officer Information (unaudited) (continued)

Independent Trustees (continued)
Name  (Year of  Birth)	Position(s)	Principal Occupation(s) During Past 5 Years	Other Directorships Held by Trustee
John E. Martinez (1961)	Trustee (since 2003); Securities Lending Committee Chair (since 2019).	Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016).	Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011).
Madhav V. Rajan (1964)	Trustee (since 2011); Fixed-Income Plus Committee Chair (since 2019).	Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016).	Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011).

Officers
Name (Year of Birth)	Position(s)	Principal Occupation(s) During Past 5 Years
Dominik Rohé (1973)	President (since 2023).	Managing Director, BlackRock, Inc. (since 2005); Head of Americas ETF and Index Investments (since 2023); Head of Latin America (2019-2023).
Trent Walker (1974)	Treasurer and Chief Financial Officer (since 2020).	Managing Director, BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds.
Aaron Wasserman (1974)	Chief Compliance Officer (iShares, Inc. and iShares Trust, since 2023; iShares U.S. ETF Trust, since 2023).	Managing Director of BlackRock, Inc. (since 2018); Chief Compliance Officer of the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (since 2023); Deputy Chief Compliance Officer for the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the Exchange-Traded Fund Complex (2014-2023).
Marisa Rolland (1980)	Secretary (since 2022).	Managing Director, of BlackRock, Inc. (since 2023); Director, of BlackRock, Inc. (2018-2022); Vice President, BlackRock, Inc. (2010-2017).
Rachel Aguirre (1982)	Executive Vice President (since 2022).	Managing Director, of BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering of BlackRock, Inc. (since 2021); Co-Head of EII’s Americas Portfolio Engineering of BlackRock, Inc. (2020-2021); Head of Developed Markets Portfolio Engineering of BlackRock, Inc. (2016-2019).
Jennifer Hsui (1976)	Executive Vice President (since 2022).	Managing Director of BlackRock, Inc. (since 2009); Co-Head of Index Equity of BlackRock, Inc. (since 2022).
James Mauro (1970)	Executive Vice President (since 2022).	Managing Director, of BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management of BlackRock, Inc. (since 2020).

Effective July 1, 2023, Aaron Wasserman replaced Charles Park as Chief Compliance Officer.

Effective February 1, 2024, Salim Ramji resigned as Trustee of the Trust.

Effective March 5, 2024, Stephen Cohen replaced Salim Ramji as Trustee of the Trust.

Effective March 5, 2024, Dominik Rohé resigned as President of the Trust.

Effective March 5, 2024, Jessica Tan replaced Dominik Rohé as President of the Trust.

Effective April 8, 2024, Laura Fergerson was appointed as Trustee of the Trust.

T R U S T E E  A N D  O F F I C E R  I N F O R M A T I O N 79

Trustee and Officer Information (unaudited) (continued)

Effective April 8, 2024, James Lam was appointed as Trustee of the Trust.

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General Information

Electronic Delivery

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

To enroll in electronic delivery:

• Go to icsdelivery.com.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

Householding

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

Availability of Quarterly Schedule of Investments

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

Availability of Proxy Voting Policies and Proxy Voting Records

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

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

G E N E R A L  I N F O R M A T I O N 81

Glossary of Terms Used in this Report

Portfolio Abbreviation

CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
PIK	Payment-in-kind
PJSC	Public Joint Stock Company
REIT	Real Estate Investment Trust
SOFR	Secured Overnight Financing Rate
TBA	To-Be-Announced

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Want to know more?

iShares.com | 1-800-474-2737

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

Investing involves risk, including possible loss of principal.

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

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

©2024 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

iS-AR-213-0224

(b) Not Applicable

Item 2. Code of Ethics.

The registrant has adopted a code of ethics, as of the end of the period covered by this report, applicable to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. During the period covered by this report, the registrant has not amended the code of ethics and there have been no waivers granted under the code of ethics. The registrant undertakes to provide a copy of the code of ethics to any person upon request, without charge, by calling 1-800-474-2737.

Item 3. Audit Committee Financial Expert.

The registrant’s Board of Trustees has determined that the registrant has more than one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial experts serving on the registrant’s audit committee are Richard L. Fagnani and Madhav V. Rajan, all of whom are independent, as that term is defined under Item 3(a)(2).

Item 4. Principal Accountant Fees and Services.

The principal accountant fees disclosed in items 4(a), 4(b), 4(c), 4(d) and 4(g) are for the eleven series of the registrant for which the fiscal year-end is February 29, 2024 (the “Funds”), and whose annual financial statements are reported in Item 1.

(a) Audit Fees – The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the Funds’ annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $151,850 for the fiscal year ended February 28, 2023 and $151,850 for the fiscal year ended February 29, 2024.

(b) Audit-Related Fees – There were no fees billed for the fiscal years ended February 28, 2023 and February 29, 2024 for assurance and related services by the principal accountant that were reasonably related to the performance of the audit of the Fund’s financial statements and are not reported under (a) of this Item.

(c) Tax Fees – The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning for the Funds were $106,700 for the fiscal year ended February 28, 2023 and $106,700 for the fiscal year ended February 29, 2024. These services related to the review of the Funds’ tax returns and excise tax calculations.

(d) All Other Fees – There were no other fees billed in each of the fiscal years ended February 28, 2023 and February 29, 2024 for products and services provided by the principal accountant, other than the services reported in (a) through (c) of this Item.

(e) (1) The registrant’s audit committee charter, as amended, provides that the audit committee is responsible for the approval, prior to appointment, of the engagement of the principal accountant to annually audit and provide their opinion on the registrant’s financial statements. The audit committee must also approve, prior to appointment, the engagement of the principal accountant to provide non-audit services to the registrant or to any entity controlling, controlled by or under common control with the registrant’s investment adviser (“Adviser Affiliate”) that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant.

(2) There were no services described in (b) through (d) above that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

(f) Not Applicable

(g) The aggregate non-audit fees billed by the registrant’s principal accountant for services rendered to the Funds, and rendered to the registrant’s investment adviser, and any Adviser Affiliate that provides ongoing services to the registrant for the last two fiscal years were $106,700 for the fiscal year ended February 28, 2023 and $106,700 for the fiscal year ended February 29, 2024.

(h) The registrant’s audit committee has considered whether the provision of non-audit services rendered to the registrant’s investment adviser and any Adviser Affiliate that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, if any, is compatible with maintaining the principal accountant’s independence, and has determined that the provision of these services, if any, does not compromise the principal accountant’s independence.

(i) Not Applicable

(j) Not Applicable

Item 5. Audit Committee of Listed Registrants.

(a) The registrant is a listed issuer as defined in Rule 10A-3 under the Exchange Act of 1934 and has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act of 1934. The registrant’s audit committee members are Richard L. Fagnani, Cecilia H. Herbert and Madhav V. Rajan.

(b) Not applicable.

Item 6. Investments.

(a) Schedules of investments are included as part of the reports to shareholders filed under Item 1 of this Form.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to the registrant.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to the registrant.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to the registrant.

Item 10. Submission of Matters to a Vote of Security Holders.

There were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees.

Item 11. Controls and Procedures.

(a) The President (the registrant’s Principal Executive Officer) and Treasurer and Chief Financial Officer (the registrant’s Principal Financial Officer) have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rules 13a-15(b) or 15d-15(b) under the Exchange Act of 1934.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable to the registrant.

Item 13. Recovery of Erroneously Awarded Compensation.

Not applicable

Item 14. Exhibits.

(a) (2) Section 302 Certifications are attached.

(a) (3) Any written solicitation to purchase securities under Rule 23c-1 – Not Applicable

(a) (4) Change in Registrant’s independent public accountant – Not Applicable

(b) Section 906 Certifications are attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iShares Trust

By: /s/ Jessica Tan

Jessica Tan, President (Principal Executive Officer)

Date:    April 19, 2024

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Jessica Tan

Jessica Tan, President (Principal Executive Officer)

Date:   April 19, 2024

By: /s/ Trent Walker

Trent Walker, Treasurer and Chief Financial Officer (Principal Financial Officer)

Date:   April 19, 2024

EX-99.CERT

EX-99.CERT

N-CSR Exhibit for Item 14(a)(2): SECTION 302 CERTIFICATIONS

I, Jessica Tan, certify that:

1. I have reviewed this report on Form N-CSR of iShares Trust for the following eleven series: iShares 10+ Year Investment Grade Corporate Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares BBB Rated Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares Core U.S. Aggregate Bond ETF, iShares ESG Advanced Investment Grade Corporate Bond ETF, iShares ESG Advanced Total USD Bond Market ETF, iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF and iShares ESG Aware USD Corporate Bond ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	April 19, 2024		/s/ Jessica Tan	President (Principal Executive Officer)
			Jessica Tan [Signature]	[Title]

EX-99.CERT

N-CSR Exhibit for Item 14(a)(2): SECTION 302 CERTIFICATIONS

I, Trent Walker, certify that:

1. I have reviewed this report on Form N-CSR of iShares Trust for the following eleven series: iShares 10+ Year Investment Grade Corporate Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares BBB Rated Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares Core U.S. Aggregate Bond ETF, iShares ESG Advanced Investment Grade Corporate Bond ETF, iShares ESG Advanced Total USD Bond Market ETF, iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF and iShares ESG Aware USD Corporate Bond ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	April 19, 2024		/s/ Trent Walker	Treasurer and Chief Financial Officer (Principal Financial Officer)
			Trent Walker [Signature]	[Title]

EX-99.906 CERT

Ex.99.906 CERT

N-CSR Exhibit for Item 14(b): CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Jessica Tan, President (Principal Executive Officer), and Trent Walker, Treasurer and Chief Financial Officer (Principal Financial Officer), of iShares Trust (the “Registrant”), each certify, to his knowledge, that:

1. The Registrant’s periodic report on Form N-CSR for the period ended February 29, 2024 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date:	April 19, 2024		/s/ Jessica Tan	President (Principal Executive Officer)
			Jessica Tan [Signature]	[Title]
Date:	April 19, 2024		/s/ Trent Walker	Treasurer and Chief Financial Officer (Principal Financial Officer)
			Trent Walker [Signature]	[Title]