NPORT-EX 1 NPORT_11111047678078950.htm iShares iBonds 2022 Term High Yield and Income ETF

Schedule of Investments  (unaudited) 

July 31, 2019

   

iShares® iBonds® 2022 Term High Yield and Income ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Convertible Bonds

    
Oil & Gas — 0.0%            

Denbury Resources Inc., 6.38%, 12/31/24(a)

   $     9     $         5,420  
   

 

 

  

Total Convertible Bonds — 0.0%
(Cost: $6,095)

       5,420  
   

 

 

  

Corporate Bonds & Notes

    
Advertising — 0.5%            

National CineMedia LLC, 6.00%, 04/15/22
(Call 04/15/20)

     50       50,510  
   

 

 

  
Aerospace & Defense — 3.6%            

Arconic Inc., 5.87%, 02/23/22

     100       106,781  

Bombardier Inc.

    

5.75%, 03/15/22(a)

     50       51,200  

6.00%, 10/15/22 (Call 04/15/20)(a)

     100       100,075  

TransDigm Inc., 6.00%, 07/15/22 (Call 07/15/20)

     100       101,107  
   

 

 

  
      359,163  
Agriculture — 0.5%            

Cooke Omega Investments Inc./Alpha VesselCo Holdings Inc., 8.50%, 12/15/22 (Call 06/15/20)(a)

     50       48,881  
   

 

 

  
Airlines — 1.2%            

American Airlines Group Inc., 5.00%, 06/01/22(a)

     65       67,358  

United Airlines Holdings Inc., 4.25%, 10/01/22

     50       51,469  
   

 

 

  
      118,827  
Auto Parts & Equipment — 0.5%            

American Axle & Manufacturing Inc., 6.63%, 10/15/22 (Call 10/15/19)

     50       50,700  
   

 

 

  
Banks — 1.1%            

CIT Group Inc., 5.00%, 08/15/22

     100       106,053  
   

 

 

  
Building Materials — 1.0%            

Griffon Corp., 5.25%, 03/01/22 (Call 03/01/20)

     100       99,742  
   

 

 

  
Chemicals — 1.0%            

Ashland LLC, 4.75%, 08/15/22 (Call 05/15/22)

     100       103,965  
   

 

 

  
Coal — 0.5%            

Peabody Energy Corp., 6.00%, 03/31/22
(Call 03/31/20)(a)

     50       51,121  
   

 

 

  
Commercial Services — 4.7%            

ACE Cash Express Inc., 12.00%, 12/15/22
(Call 12/15/19)(a)(b)

     25       24,397  

APX Group Inc., 7.88%, 12/01/22 (Call 12/01/19)

     100       95,009  

Hertz Corp. (The)

    

6.25%, 10/15/22 (Call 10/15/19)

     50       50,576  

7.63%, 06/01/22 (Call 06/01/20)(a)

     100       103,827  

Nielsen Finance LLC/Nielsen Finance Co.,
5.00%, 04/15/22 (Call 04/15/20)(a)

     200       199,922  
   

 

 

  
      473,731  
Computers — 0.9%            

Harland Clarke Holdings Corp., 8.38%, 08/15/22 (Call 02/15/20)(a)

     50       42,425  

NCR Corp., 5.00%, 07/15/22 (Call 07/15/20)

     50       50,236  
   

 

 

  
      92,661  
Cosmetics & Personal Care — 1.5%            

Avon International Capital PLC, 6.50%, 08/15/22 (Call 08/15/19)(a)

     45       45,837  

Avon International Operations Inc., 7.88%, 08/15/22 (Call 08/15/19)(a)

     50       51,992  
Security  

Par

(000)

     Value  
Cosmetics & Personal Care (continued)            

Edgewell Personal Care Co., 4.70%, 05/24/22

   $   50     $       51,209  
   

 

 

  
      149,038  
Diversified Financial Services — 5.5%            

Ally Financial Inc.

    

4.13%, 02/13/22

     50       51,536  

4.63%, 05/19/22(b)

     50       51,857  

goeasy Ltd., 7.88%, 11/01/22 (Call 11/01/19)(a)

     50       52,292  

Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.25%, 03/15/22
(Call 09/15/21)(a)

     50       51,451  

Navient Corp.

    

6.50%, 06/15/22

     100       106,977  

7.25%, 01/25/22

     50       54,403  

Ocwen Loan Servicing LLC, 8.38%, 11/15/22
(Call 11/15/19)(a)

     25       21,960  

Springleaf Finance Corp., 6.13%, 05/15/22

     100       107,299  

VFH Parent LLC/Orchestra Co-Issuer Inc.,
6.75%, 06/15/22 (Call 06/15/20)(a)

     50       51,632  
   

 

 

  
      549,407  
Electric — 0.8%            

Calpine Corp., 6.00%, 01/15/22 (Call 11/01/19)(a)

     50       50,375  

TransAlta Corp., 4.50%, 11/15/22 (Call 08/15/22)

     25       25,552  
   

 

 

  
      75,927  
Electronics — 1.0%            

ADT Security Corp. (The), 3.50%, 07/15/22

     100       99,304  
   

 

 

  
Engineering & Construction — 0.3%            

Great Lakes Dredge & Dock Corp., 8.00%, 05/15/22
(Call 05/15/20)(b)

     25       26,658  
   

 

 

  
Entertainment — 2.6%            

Cinemark USA Inc., 5.13%, 12/15/22 (Call 12/15/19)

     50       50,814  

International Game Technology PLC, 6.25%, 02/15/22 (Call 08/15/21)(a)

     200       210,850  
   

 

 

  
      261,664  
Environmental Control — 0.3%            

GFL Environmental Inc., 5.63%, 05/01/22
(Call 05/01/20)(a)

     25       25,252  
   

 

 

  
Food — 1.0%            

C&S Group Enterprises LLC, 5.38%, 07/15/22
(Call 07/15/20)(a)

     50       50,189  

TreeHouse Foods Inc., 4.88%, 03/15/22
(Call 03/15/20)

     50       50,341  
   

 

 

  
      100,530  
Forest Products & Paper — 0.5%            

Cascades Inc., 5.50%, 07/15/22 (Call 07/15/20)(a)

     50       50,504  
   

 

 

  
Gas — 0.5%            

Southern Star Central Corp., 5.13%, 07/15/22
(Call 07/15/20)(a)

     50       50,388  
   

 

 

  
Health Care – Products — 1.0%            

Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22(a)

     100       97,439  
   

 

 

  
Health Care – Services — 8.6%            

Centene Corp., 4.75%, 05/15/22 (Call 05/15/20)

     100       102,006  

DaVita Inc., 5.75%, 08/15/22 (Call 08/15/19)

     100       101,172  

Eagle Holding Co. II LLC (8.38% PIK), 7.63%, 05/15/22 (Call 05/03/20)(a)(c)

     50       50,375  

Eagle Holding Co. II LLC (8.50% PIK), 7.75%, 05/15/22 (Call 05/15/20)(a)(c)

     50       50,471  

HCA Inc., 7.50%, 02/15/22

     150       166,324  

Molina Healthcare Inc., 5.38%, 11/15/22
(Call 08/15/22)

     50       52,264  

Polaris Intermediate Corp. (9.25% PIK),
8.50%, 12/01/22 (Call 06/01/20)(a)(c)

     100       92,685  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® iBonds® 2022 Term High Yield and Income ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Health Care – Services (continued)            

Tenet Healthcare Corp., 8.13%, 04/01/22

   $   225     $     240,532  
   

 

 

  
      855,829  
Holding Companies – Diversified — 2.0%            

Icahn Enterprises LP/Icahn Enterprises Finance Corp.

    

5.88%, 02/01/22 (Call 02/01/20)

     100       101,264  

6.25%, 02/01/22 (Call 02/01/20)

     100       102,915  
   

 

 

  
      204,179  
Home Builders — 2.8%            

K Hovnanian Enterprises Inc., 10.00%, 07/15/22 (Call 07/15/20)(a).

     50       42,549  

Lennar Corp.

    

4.13%, 01/15/22 (Call 10/15/21)

     50       51,272  

4.75%, 11/15/22 (Call 08/15/22)

     50       51,819  

Taylor Morrison Communities Inc., 6.63%, 05/15/22 (Call 05/15/20)

     50       51,702  

Toll Brothers Finance Corp., 5.88%, 02/15/22
(Call 11/15/21)

     50       53,158  

Williams Scotsman International Inc.,
7.88%, 12/15/22 (Call 12/15/19)(a)

     25       26,188  
   

 

 

  
      276,688  
Insurance — 0.2%            

York Risk Services Holding Corp., 8.50%, 10/01/22 (Call 10/01/19)(a)

     25       25,174  
   

 

 

  
Internet — 1.6%            

Cogent Communications Group Inc.,
5.38%, 03/01/22 (Call 12/01/21)(a)

     50       52,232  

Netflix Inc., 5.50%, 02/15/22

     50       53,057  

Symantec Corp., 3.95%, 06/15/22 (Call 03/15/22)

     50       50,625  
   

 

 

  
      155,914  
Leisure Time — 0.5%            

24 Hour Fitness Worldwide Inc., 8.00%, 06/01/22
(Call 06/01/20)(a)

     50       49,820  
   

 

 

  
Lodging — 1.3%            

MGM Resorts International, 7.75%, 03/15/22

     75       83,920  

Wyndham Destinations Inc., 4.25%, 03/01/22
(Call 12/01/21)

     50       50,684  
   

 

 

  
      134,604  
Machinery — 0.5%            

Vertiv Intermediate Holding Corp. (13.00% PIK), 12.00%, 02/15/22 (Call 02/15/20)(a)(c)

     50       47,324  
   

 

 

  
Media — 11.0%            

Altice Luxembourg SA, 7.75%, 05/15/22
(Call 05/15/20)(a)(b)

     200       203,938  

AMC Networks Inc., 4.75%, 12/15/22 (Call 12/15/19)

     50       50,427  

Cablevision Systems Corp., 5.88%, 09/15/22

     50       53,123  

CCO Holdings LLC/CCO Holdings Capital Corp., 5.25%, 09/30/22 (Call 09/30/19)

     100       101,252  

Clear Channel Worldwide Holdings Inc., Series B, 6.50%, 11/15/22 (Call 11/15/19)

     150       153,129  

DISH DBS Corp., 5.88%, 07/15/22

     150       151,824  

Nexstar Broadcasting Inc., 5.88%, 11/15/22
(Call 11/15/19)

     50       51,233  

Sinclair Television Group Inc., 6.13%, 10/01/22
(Call 10/01/19)

     50       50,894  

Sirius XM Radio Inc., 3.88%, 08/01/22
(Call 08/01/20)(a)

     75       75,797  

Tribune Media Co., 5.88%, 07/15/22 (Call 07/15/20)

     100       101,651  

Viacom Inc., 5.88%, 02/28/57 (Call 02/28/22)(d)

     50       51,733  

Videotron Ltd., 5.00%, 07/15/22

     50       52,288  
   

 

 

  
      1,097,289  
Metal Fabricate & Hardware — 0.2%            

Hillman Group Inc. (The), 6.38%, 07/15/22
(Call 07/15/20)(a)

     25       22,810  
   

 

 

  
Security  

Par

(000)

     Value  
Mining — 3.3%            

FMG Resources August 2006 Pty Ltd.,
4.75%, 05/15/22 (Call 02/15/22)(a)(b)

   $   100     $     102,508  

Freeport-McMoRan Inc., 3.55%, 03/01/22
(Call 12/01/21)

     150       150,375  

New Gold Inc., 6.25%, 11/15/22 (Call 11/15/19)(a)

     50       47,954  

Northwest Acquisitions ULC/Dominion Finco Inc., 7.13%, 11/01/22 (Call 11/01/19)(a)

     50       34,000  
   

 

 

  
      334,837  
Office & Business Equipment — 1.0%            

Pitney Bowes Inc., 4.63%, 05/15/22 (Call 04/15/22)

     50       47,898  

Xerox Corp., 4.07%, 03/17/22

     50       50,708  
   

 

 

  
      98,606  
Oil & Gas — 10.4%            

Antero Resources Corp., 5.13%, 12/01/22
(Call 06/01/20)

     100       95,253  

Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22 (Call 04/01/20)(a)

     100       98,093  

Athabasca Oil Corp., 9.88%, 02/24/22
(Call 02/24/20)(a)

     25       23,894  

California Resources Corp., 8.00%, 12/15/22
(Call 12/15/19)(a)(b)

     150       104,892  

Calumet Specialty Products Partners LP/Calumet Finance Corp., 7.63%, 01/15/22 (Call 01/15/20)(b)

     25       24,031  

Chesapeake Energy Corp., 4.88%, 04/15/22
(Call 04/15/20)

     50       46,007  

CNX Resources Corp., 5.88%, 04/15/22
(Call 04/15/20)

     75       71,542  

CVR Refining LLC/Coffeyville Finance Inc.,
6.50%, 11/01/22 (Call 11/01/19)

     50       50,803  

Denbury Resources Inc.

    

5.50%, 05/01/22 (Call 05/01/20)

     7       3,569  

9.25%, 03/31/22 (Call 03/31/20)(a)

     50       44,051  

Laredo Petroleum Inc., 5.63%, 01/15/22
(Call 01/15/20)(b)

     50       46,408  

Murphy Oil Corp.

    

4.00%, 06/01/22 (Call 03/01/22)

     50       50,100  

4.20%, 12/01/22 (Call 09/01/22)

     50       50,747  

Oasis Petroleum Inc., 6.88%, 03/15/22 (Call 09/15/19)

     75       74,672  

QEP Resources Inc., 5.38%, 10/01/22 (Call 07/01/22)

     50       46,373  

Range Resources Corp., 5.00%, 08/15/22
(Call 05/15/22)

     50       46,037  

Rowan Companies Inc., 4.88%, 06/01/22
(Call 03/01/22)

     50       46,193  

SM Energy Co., 6.13%, 11/15/22 (Call 11/15/19)

     50       48,838  

Tapstone Energy LLC/Tapstone Energy Finance Corp., 9.75%, 06/01/22 (Call 05/02/20)(a)

     25       16,284  

WPX Energy Inc., 6.00%, 01/15/22 (Call 10/15/21)

     50       51,900  
   

 

 

  
      1,039,687  
Oil & Gas Services — 1.0%            

Archrock Partners LP/Archrock Partners Finance Corp., 6.00%, 10/01/22 (Call 04/01/20)

     50       50,889  

FTS International Inc., 6.25%, 05/01/22 (Call 05/01/20)

     50       44,658  
   

 

 

  
      95,547  
Packaging & Containers — 2.1%            

Ball Corp., 5.00%, 03/15/22

     50       52,432  

Berry Global Inc., 5.50%, 05/15/22 (Call 05/15/20)

     50       50,712  

Owens-Brockway Glass Container Inc.,
5.00%, 01/15/22(a)

     50       51,546  

Sealed Air Corp., 4.88%, 12/01/22 (Call 09/01/22)(a)(b)

     50       52,771  
   

 

 

  
      207,461  
Pharmaceuticals — 0.6%            

Mallinckrodt International Finance SA/Mallinckrodt CB LLC, 5.75%, 08/01/22 (Call 08/01/19)(a)(b)

     75       56,453  
   

 

 

  
Pipelines — 2.5%            

Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22 (Call 11/15/19)(a)

     100       100,353  

Genesis Energy LP/Genesis Energy Finance Corp., 6.75%, 08/01/22 (Call 08/01/19)

     50       50,843  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® iBonds® 2022 Term High Yield and Income ETF

(Percentages shown are based on Net Assets)

 

Security  

 

Par

(000)

     Value  
Pipelines (continued)            

NGPL PipeCo LLC, 4.38%, 08/15/22 (Call 05/15/22)(a)

   $ 50     $ 51,954  

SemGroup Corp./Rose Rock Finance Corp.,
5.63%, 07/15/22 (Call 07/15/20)

     50       49,272  
   

 

 

  
      252,422  
Real Estate Investment Trusts — 2.3%            

Equinix Inc., 5.38%, 01/01/22 (Call 01/01/20)

     75       76,778  

iStar Inc., 5.25%, 09/15/22 (Call 09/15/19)

     50       50,881  

SBA Communications Corp.

    

4.00%, 10/01/22 (Call 10/01/19)

     50       50,650  

4.88%, 07/15/22 (Call 07/15/20)

     50       50,597  
   

 

 

  
      228,906  
Retail — 2.8%            

1011778 BC ULC/New Red Finance Inc.,
4.63%, 01/15/22 (Call 10/01/19)(a)

     100       100,268  

Ferrellgas LP/Ferrellgas Finance Corp.,
6.75%, 01/15/22 (Call 11/15/19)

     25       21,759  

Group 1 Automotive Inc., 5.00%, 06/01/22
(Call 06/01/20)

     50       50,545  

L Brands Inc., 5.63%, 02/15/22(b)

     50       52,495  

Penske Automotive Group Inc., 5.75%, 10/01/22
(Call 10/01/19)

     50       50,604  
   

 

 

  
      275,671  
Software — 1.0%            

Infor U.S. Inc., 6.50%, 05/15/22 (Call 05/15/20)

     100       101,592  
   

 

 

  
Telecommunications — 10.0%            

CenturyLink Inc., Series T, 5.80%, 03/15/22

     125       130,092  

Consolidated Communications Inc., 6.50%, 10/01/22 (Call 10/01/19)

     50       45,397  

Frontier Communications Corp.

    

8.75%, 04/15/22

     50       30,372  

10.50%, 09/15/22 (Call 06/15/22)

     150       93,888  

Inmarsat Finance PLC, 4.88%, 05/15/22
(Call 05/15/20)(a)

     100       100,901  

Intelsat Jackson Holdings SA, 9.50%, 09/30/22(a)

     50       58,325  

Level 3 Financing Inc., 5.38%, 08/15/22
(Call 08/15/19)

     100       100,400  

Level 3 Parent LLC, 5.75%, 12/01/22 (Call 12/01/19)

     50       50,355  

Nokia OYJ, 3.38%, 06/12/22

     50       50,839  

Sprint Communications Inc., 6.00%, 11/15/22

     200       212,038  

Telefonaktiebolaget LM Ericsson, 4.13%, 05/15/22

     75       77,378  

T-Mobile USA Inc., 4.00%, 04/15/22 (Call 03/16/22)

     50       50,960  
   

 

 

  
      1,000,945  
Security  

Par/

Shares

(000)

     Value  
Transportation — 0.4%            

Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc., 7.38%, 01/15/22
(Call 01/15/20)(a)

   $ 25     $ 16,974  

Teekay Corp., 9.25%, 11/15/22 (Call 11/15/20)(a)

     25       25,951  
   

 

 

  
      42,925  
Trucking & Leasing — 0.5%            

Fortress Transportation & Infrastructure Investors LLC, 6.75%, 03/15/22 (Call 03/15/20)(a)

     50       52,342  
   

 

 

  

Total Corporate Bonds & Notes — 97.1%
(Cost: $9,742,851)

       9,698,490  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 9.2%            

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    2.45%(e)(f)(g)

     740       740,075  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    2.25%(e)(f)

     179       179,000  
   

 

 

  
      919,075  
   

 

 

  

Total Short-Term Investments — 9.2%
(Cost: $919,075)

       919,075  
   

 

 

  

Total Investments in Securities — 106.3%
(Cost: $10,668,021)

       10,622,985  

Other Assets, Less Liabilities — (6.3)%

       (631,542 ) 
   

 

 

  

Net Assets — 100.0%

     $ 9,991,443  
   

 

 

  

 

(a) 

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

(b) 

All or a portion of this security is on loan.

(c) 

Payment-in-kind (“PIK”) bond which gives the issuer an option to make coupon payments in cash or in the form of additional bonds. Stated interest rate represents the cash coupon rate.

(d) 

Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date.

(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 cash collateral received from loaned securities.

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended July 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  

Affiliated Issuer

     

 Shares

Held at

05/07/19

(000)

  

 

(a) 

 

     

 Net Activity

(000)

  

 

     

 Shares

Held at

07/31/19

(000)

  

 

 

 

     

 Value at

07/31/19

  

 

      Income       

 Net Realized

Gain (Loss)

  

 

     

 Change in

Unrealized

Appreciation

(Depreciation)

  

 

 

 

 

  

BlackRock Cash Funds: Institutional,
SL Agency Shares

      —        740        740      $ 740,075      $ 383 (b)     $ (65 )     $ —  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      —        179        179        179,000        1,214        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
      $ 919,075      $ 1,597      $ (65 )     $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

The Fund commenced operations on May 07, 2019.

 
  (b) 

Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

 

 

 

3

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® iBonds® 2022 Term High Yield and Income ETF

    

 

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

 

  
     Level 1        Level 2        Level 3        Total  

 

  

Investments

                  

Assets

                  

Convertible Bonds

    $ —        $ 5,420        $ —        $ 5,420  

Corporate Bonds & Notes

      —          9,698,490          —          9,698,490  

Money Market Funds

      919,075          —          —          919,075  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $     919,075        $   9,703,910        $               —        $ 10,622,985  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviations — Fixed Income
PIK    Payment-in-kind

 

 

4