Schedule of Investments  (unaudited)  January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.2%
Interpublic Group of Companies Inc. (The), 3.75%, 02/15/23	$	1,930	$	2,030,476
Aerospace & Defense — 2.1%
Boeing Co. (The)
1.88%, 06/15/23 (Call 04/15/23)		1,246		1,241,028
2.80%, 03/01/23 (Call 02/01/23)		1,765		1,807,325
Embraer Overseas Ltd., 5.70%, 09/16/23(a)		770		849,549
General Dynamics Corp.
1.88%, 08/15/23 (Call 06/15/23)(b)		1,392		1,405,489
3.38%, 05/15/23 (Call 04/15/23)		2,337		2,466,914
L3Harris Technologies Inc., 3.85%, 06/15/23 (Call 05/15/23)(a)		2,000		2,122,320
Lockheed Martin Corp., 3.10%, 01/15/23 (Call 11/15/22)(b)		1,896		1,973,603
Northrop Grumman Corp., 3.25%, 08/01/23		3,094		3,253,465
Rockwell Collins Inc., 3.70%, 12/15/23 (Call 09/15/23)		1,017		1,084,976
United Technologies Corp., 3.65%, 08/16/23 (Call 07/16/23)		4,791		5,099,540
				21,304,209
Agriculture — 0.6%
Altria Group Inc., 2.95%, 05/02/23(b)		1,168		1,209,616
Philip Morris International Inc.
2.13%, 05/10/23 (Call 03/10/23)		1,271		1,284,091
2.63%, 03/06/23		1,471		1,507,378
3.60%, 11/15/23(b)		919		979,581
Reynolds American Inc., 4.85%, 09/15/23		1,373		1,502,872
				6,483,538
Airlines — 0.2%
American Airlines Pass Through Trust, Series 2013-2, Class A, 4.95%, 01/15/23		686		720,154
Delta Air Lines Inc., 3.80%, 04/19/23 (Call 03/19/23)		1,708		1,774,373
				2,494,527
Apparel — 0.2%
NIKE Inc., 2.25%, 05/01/23 (Call 02/01/23)		1,760		1,795,411
Auto Manufacturers — 3.7%
American Honda Finance Corp.
1.95%, 05/10/23		150		151,125
2.05%, 01/10/23(b)		1,690		1,706,866
3.45%, 07/14/23(b)		953		1,008,646
3.63%, 10/10/23(b)		2,124		2,264,014
Cummins Inc., 3.65%, 10/01/23 (Call 07/01/23)		370		394,505
Ford Motor Credit Co. LLC
3.09%, 01/09/23		2,075		2,092,700
3.10%, 05/04/23		2,400		2,414,184
4.14%, 02/15/23 (Call 01/15/23)		1,950		2,018,543
4.38%, 08/06/23		2,353		2,463,144
General Motors Co., 4.88%, 10/02/23		2,342		2,541,913
General Motors Financial Co. Inc.
3.25%, 01/05/23 (Call 12/05/22)		1,960		2,019,976
3.70%, 05/09/23 (Call 03/09/23)		3,710		3,862,592
4.15%, 06/19/23 (Call 05/19/23)		2,766		2,924,354
4.25%, 05/15/23(b)		1,857		1,968,383
PACCAR Financial Corp.
1.90%, 02/07/23		792		797,916
3.40%, 08/09/23		320		337,239
Toyota Motor Corp., 3.42%, 07/20/23(b)		1,246		1,317,383

Security	Par (000)		Value
Auto Manufacturers (continued)
Toyota Motor Credit Corp.
2.25%, 10/18/23	$	2,281	$	2,324,772
2.63%, 01/10/23(b)		2,987		3,075,833
2.70%, 01/11/23		906		935,345
3.45%, 09/20/23(b)		1,701		1,804,897
				38,424,330
Banks — 24.1%
Banco Santander SA
3.13%, 02/23/23		2,190		2,257,780
3.85%, 04/12/23		2,715		2,859,547
Bank of America Corp.
3.30%, 01/11/23(b)		9,689		10,124,714
4.10%, 07/24/23		4,736		5,100,246
Bank of New York Mellon Corp. (The)
1.85%, 01/27/23 (Call 01/02/23)		50		50,294
2.20%, 08/16/23 (Call 06/16/23)		3,204		3,256,738
2.95%, 01/29/23 (Call 12/29/22)		2,911		3,017,106
3.45%, 08/11/23		681		721,472
3.50%, 04/28/23(b)		1,916		2,024,905
Bank of Nova Scotia (The)
1.95%, 02/01/23		1,200		1,207,464
2.38%, 01/18/23(b)		1,135		1,157,825
Barclays PLC, 3.68%, 01/10/23 (Call 01/10/22)(b)		3,913		4,023,660
BNP Paribas SA, 3.25%, 03/03/23		3,305		3,452,238
Canadian Imperial Bank of Commerce, 3.50%, 09/13/23		2,353		2,497,027
Citigroup Inc.
3.38%, 03/01/23(b)		913		952,652
3.50%, 05/15/23(b)		2,390		2,509,237
3.88%, 10/25/23(b)		3,655		3,931,757
Citizens Bank N.A./Providence RI, 3.70%, 03/29/23
(Call 02/28/23)		1,670		1,761,583
Comerica Inc., 3.70%, 07/31/23 (Call 06/30/23)		2,036		2,163,209
Cooperatieve Rabobank UA, 4.63%, 12/01/23		3,936		4,288,508
Cooperatieve Rabobank UA/NY, 2.75%, 01/10/23		3,169		3,259,380
Credit Suisse Group Funding Guernsey Ltd., 3.80%, 06/09/23		4,693		4,960,032
Deutsche Bank AG/New York NY, 3.95%, 02/27/23		2,560		2,654,822
Discover Bank
3.35%, 02/06/23 (Call 01/06/23)		1,966		2,041,829
4.20%, 08/08/23		2,755		2,952,120
Goldman Sachs Group Inc. (The)
3.20%, 02/23/23 (Call 01/23/23)		4,397		4,557,886
3.63%, 01/22/23(b)		4,832		5,081,911
HSBC Holdings PLC, 3.60%, 05/25/23		4,903		5,159,672
Huntington National Bank (The)
1.80%, 02/03/23 (Call 01/03/23)		250		250,738
3.55%, 10/06/23 (Call 09/06/23)(b)		2,521		2,672,033
ING Groep NV, 4.10%, 10/02/23		3,217		3,455,412
JPMorgan Chase & Co.
2.70%, 05/18/23 (Call 03/18/23)		4,478		4,599,622
2.97%, 01/15/23 (Call 01/15/22)(b)		3,954		4,045,179
3.20%, 01/25/23		5,827		6,068,646
3.38%, 05/01/23		5,102		5,341,590
KeyBank N.A./Cleveland OH, 3.38%, 03/07/23		1,285		1,350,689
Lloyds Banking Group PLC, 4.05%, 08/16/23		3,938		4,198,459
M&T Bank Corp., 3.55%, 07/26/23 (Call 06/26/23)(b)		1,425		1,511,854
Mitsubishi UFJ Financial Group Inc.
2.53%, 09/13/23(b)		424		432,879
3.46%, 03/02/23		3,475		3,637,004
3.76%, 07/26/23(b)		4,937		5,238,947

1

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
Mizuho Financial Group Inc., 3.55%, 03/05/23	$	1,324	$	1,389,088
Morgan Stanley
3.13%, 01/23/23(b)		5,824		6,041,293
3.75%, 02/25/23		5,438		5,751,392
4.10%, 05/22/23		4,804		5,116,020
National Australia Bank Ltd./New York
2.88%, 04/12/23		2,116		2,188,388
3.00%, 01/20/23		1,773		1,838,477
3.63%, 06/20/23		1,933		2,049,734
National Bank of Canada, 2.10%, 02/01/23		750		754,793
PNC Bank N.A.
2.95%, 01/30/23 (Call 12/30/22)		1,935		1,999,048
3.50%, 06/08/23 (Call 05/09/23)		911		961,934
3.80%, 07/25/23 (Call 06/25/23)		1,681		1,785,878
Regions Financial Corp., 3.80%, 08/14/23 (Call 07/14/23)		2,449		2,613,377
Royal Bank of Canada
1.95%, 01/17/23		590		593,575
3.70%, 10/05/23(b)		3,676		3,925,968
Royal Bank of Scotland Group PLC
3.88%, 09/12/23		5,977		6,317,629
6.10%, 06/10/23		2,548		2,830,497
Santander Holdings USA Inc., 3.40%, 01/18/23 (Call 12/18/22)		2,900		2,998,861
Santander UK Group Holdings PLC, 3.57%, 01/10/23 (Call 01/10/22)		2,789		2,866,367
Santander UK PLC, 2.10%, 01/13/23		500		504,070
State Street Corp.
3.10%, 05/15/23		2,537		2,642,818
3.70%, 11/20/23		2,558		2,751,717
Sumitomo Mitsui Banking Corp.
3.00%, 01/18/23		1,215		1,252,859
3.95%, 07/19/23		1,550		1,653,199
Sumitomo Mitsui Financial Group Inc.
3.10%, 01/17/23		4,954		5,135,861
3.75%, 07/19/23		1,232		1,305,612
3.94%, 10/16/23		1,654		1,769,515
Svenska Handelsbanken AB, 3.90%, 11/20/23		1,923		2,074,955
Toronto-Dominion Bank (The), 3.50%, 07/19/23(b)		2,977		3,155,620
Truist Bank
2.75%, 05/01/23 (Call 04/01/23)(b)		429		441,621
3.00%, 02/02/23 (Call 01/02/23)(b)		2,284		2,365,584
Truist Financial Corp.
2.20%, 03/16/23 (Call 02/13/23)		1,550		1,569,902
3.75%, 12/06/23 (Call 11/06/23)		2,920		3,123,728
U.S. Bank N.A./Cincinnati OH
2.85%, 01/23/23 (Call 12/23/22)(b)		2,073		2,143,834
3.40%, 07/24/23 (Call 06/23/23)		1,816		1,919,058
U.S. Bank NA/Cincinnati OH, 1.95%, 01/09/23 (Call 12/09/22)(b)		750		757,373
Wells Fargo & Co.
3.07%, 01/24/23 (Call 01/24/22)		9,281		9,490,751
4.13%, 08/15/23		3,201		3,431,120
Series M, 3.45%, 02/13/23		5,307		5,537,377
Wells Fargo Bank N.A., 3.55%, 08/14/23 (Call 07/14/23)		5,228		5,528,035
Westpac Banking Corp.
2.00%, 01/13/23		595		600,379
2.75%, 01/11/23		3,160		3,254,674
3.65%, 05/15/23(b)		2,142		2,269,492
				247,530,139

Security	Par (000)		Value
Beverages — 3.1%
Anheuser-Busch InBev Finance Inc.
2.63%, 01/17/23	$	165	$	169,526
3.30%, 02/01/23 (Call 12/01/22)(b)		8,067		8,423,077
Coca-Cola Co. (The)
2.50%, 04/01/23		2,257		2,323,243
3.20%, 11/01/23		3,664		3,889,776
Constellation Brands Inc.
3.20%, 02/15/23 (Call 01/15/23)(b)		1,428		1,478,251
4.25%, 05/01/23(b)		2,759		2,955,523
Diageo Capital PLC
2.63%, 04/29/23 (Call 01/29/23)		2,419		2,486,853
3.50%, 09/18/23 (Call 08/18/23)		805		854,379
Fomento Economico Mexicano SAB de CV, 2.88%, 05/10/23		400		409,508
Keurig Dr Pepper Inc.
3.13%, 12/15/23 (Call 10/15/23)(b)		1,906		1,983,117
4.06%, 05/25/23 (Call 04/25/23)		3,663		3,908,970
PepsiCo Inc., 2.75%, 03/01/23		2,405		2,488,574
				31,370,797
Biotechnology — 0.5%
Amgen Inc., 2.25%, 08/19/23 (Call 06/19/23)		2,266		2,300,987
Gilead Sciences Inc., 2.50%, 09/01/23 (Call 07/01/23)		2,671		2,735,184
				5,036,171
Building Materials — 0.1%
Fortune Brands Home & Security Inc., 4.00%, 09/21/23 (Call 08/21/23)		1,249		1,335,431
Lennox International Inc., 3.00%, 11/15/23 (Call 09/15/23)		75		77,240
				1,412,671
Chemicals — 1.6%
DuPont de Nemours Inc., 4.21%, 11/15/23 (Call 10/15/23)		5,739		6,202,424
Ecolab Inc., 3.25%, 01/14/23 (Call 11/14/22)		1,442		1,502,694
International Flavors & Fragrances Inc., 3.20%, 05/01/23 (Call 02/01/23)(b)		65		66,817
LYB International Finance BV, 4.00%, 07/15/23		3,016		3,220,787
Mosaic Co. (The), 4.25%, 11/15/23 (Call 08/15/23)		2,955		3,170,035
Nutrien Ltd., 3.50%, 06/01/23 (Call 03/01/23)		694		723,231
PPG Industries Inc., 3.20%, 03/15/23 (Call 02/15/23)		50		52,013
Praxair Inc., 2.70%, 02/21/23 (Call 11/21/22)(b)		1,082		1,112,437
				16,050,438
Commercial Services — 0.6%
Equifax Inc., 3.95%, 06/15/23 (Call 05/15/23)		225		239,735
Global Payments Inc.
3.75%, 06/01/23 (Call 03/01/23)		1,703		1,790,432
4.00%, 06/01/23 (Call 05/01/23)(b)		841		894,311
IHS Markit Ltd., 4.13%, 08/01/23 (Call 07/01/23)		323		344,166
Moody’s Corp., 2.63%, 01/15/23 (Call 12/15/22)		1,107		1,129,760
RELX Capital Inc., 3.50%, 03/16/23 (Call 02/16/23)		1,211		1,269,225
				5,667,629
Computers — 3.5%
Apple Inc.
2.40%, 01/13/23 (Call 12/13/22)(b)		1,216		1,246,327
2.40%, 05/03/23(b)		10,897		11,169,207
2.85%, 02/23/23 (Call 12/23/22)		4,553		4,716,362
Dell International LLC/EMC Corp., 5.45%, 06/15/23 (Call 04/15/23)(a)		8,308		9,099,254
Hewlett Packard Enterprise Co., 2.25%, 04/01/23 (Call 03/01/23)(b)		2,354		2,374,597
IBM Credit LLC, 3.00%, 02/06/23		2,876		2,985,662
International Business Machines Corp., 3.38%, 08/01/23(b)		2,723		2,876,686

2

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Computers (continued)
Seagate HDD Cayman, 4.75%, 06/01/23	$	1,824	$	1,926,509
				36,394,604
Cosmetics & Personal Care — 0.5%
Colgate-Palmolive Co.
1.95%, 02/01/23(b)		1,142		1,155,384
2.10%, 05/01/23(b)		480		488,616
Procter & Gamble Co. (The), 3.10%, 08/15/23		2,136		2,257,026
Unilever Capital Corp., 3.13%, 03/22/23 (Call 02/22/23)		1,185		1,235,991
				5,137,017
Diversified Financial Services — 3.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.30%, 01/23/23 (Call 12/23/22)(b)		1,725		1,786,203
4.13%, 07/03/23 (Call 06/03/23)		565		599,036
Air Lease Corp.
2.25%, 01/15/23(b)		1,025		1,033,138
2.75%, 01/15/23 (Call 12/15/22)		870		888,035
3.00%, 09/15/23 (Call 07/15/23)		2,269		2,342,515
3.88%, 07/03/23 (Call 06/03/23)		712		753,709
Aircastle Ltd.
4.40%, 09/25/23 (Call 08/25/23)		1,343		1,441,200
5.00%, 04/01/23		1,027		1,112,549
American Express Co.
3.40%, 02/27/23 (Call 01/27/23)		3,609		3,778,731
3.70%, 08/03/23 (Call 07/03/23)		3,973		4,223,061
Ameriprise Financial Inc., 4.00%, 10/15/23		1,861		2,007,107
BGC Partners Inc., 5.38%, 07/24/23		1,101		1,189,840
Capital One Bank USA N.A., 3.38%, 02/15/23		2,746		2,856,307
Capital One Financial Corp.
3.20%, 01/30/23 (Call 12/30/22)		3,225		3,346,776
3.50%, 06/15/23		2,371		2,491,755
Charles Schwab Corp. (The), 2.65%, 01/25/23 (Call 12/25/22)(b)		2,115		2,177,265
Eaton Vance Corp., 3.63%, 06/15/23		140		147,797
Intercontinental Exchange Inc.
3.45%, 09/21/23 (Call 08/21/23)		656		694,278
4.00%, 10/15/23		1,874		2,026,244
Jefferies Financial Group Inc., 5.50%, 10/18/23 (Call 01/18/23)		1,505		1,647,192
Jefferies Group LLC, 5.13%, 01/20/23(b)		1,542		1,673,471
Western Union Co. (The), 4.25%, 06/09/23 (Call 05/09/23)(b)		418		444,815
				38,661,024
Electric — 4.2%
Alabama Power Co., Series 13-A, 3.55%, 12/01/23(b)		820		873,398
Baltimore Gas & Electric Co., 3.35%, 07/01/23 (Call 04/01/23)		1,097		1,150,841
Berkshire Hathaway Energy Co.
2.80%, 01/15/23 (Call 12/15/22)		794		817,987
3.75%, 11/15/23 (Call 08/15/23)		1,411		1,508,274
Black Hills Corp., 4.25%, 11/30/23 (Call 08/30/23)(b)		684		732,803
Connecticut Light & Power Co. (The), 2.50%, 01/15/23 (Call 10/15/22)		915		934,435
Consumers Energy Co., 3.38%, 08/15/23 (Call 05/15/23)		315		331,616
Delmarva Power & Light Co., 3.50%, 11/15/23 (Call 08/15/23)		1,157		1,224,627
DTE Energy Co.
Series D, 3.70%, 08/01/23 (Call 07/01/23)(b)		1,911		2,017,787
Series F, 3.85%, 12/01/23 (Call 09/01/23)		917		973,542

Security	Par (000)		Value
Electric (continued)
Duke Energy Carolinas LLC
2.50%, 03/15/23 (Call 01/15/23)	$	1,035	$	1,059,260
3.05%, 03/15/23 (Call 02/15/23)		1,030		1,069,861
Duke Energy Corp., 3.95%, 10/15/23 (Call 07/15/23)		1,641		1,753,507
Duke Energy Ohio Inc., 3.80%, 09/01/23 (Call 06/01/23)		940		1,000,235
Duke Energy Progress LLC, 3.38%, 09/01/23 (Call 08/01/23)		360		379,627
Edison International, 2.95%, 03/15/23 (Call 01/15/23)		1,796		1,826,532
Entergy Louisiana LLC, 4.05%, 09/01/23 (Call 06/01/23)(b)		759		813,769
Evergy Metro Inc., 3.15%, 03/15/23 (Call 12/15/22)(b)		391		405,846
Eversource Energy
2.80%, 05/01/23 (Call 02/01/23)(b)		1,795		1,839,642
Series N, 3.80%, 12/01/23 (Call 11/01/23)		1,145		1,219,356
FirstEnergy Corp., Series B, 4.25%, 03/15/23 (Call 12/15/22)		2,321		2,471,122
Florida Power & Light Co., 2.75%, 06/01/23 (Call 12/01/22)(b)		1,002		1,033,463
Georgia Power Co., Series A, 2.10%, 07/30/23		50		50,573
National Rural Utilities Cooperative Finance Corp.
2.70%, 02/15/23 (Call 12/15/22)		1,241		1,275,587
3.40%, 11/15/23 (Call 08/15/23)		346		367,203
NextEra Energy Capital Holdings Inc., 2.80%, 01/15/23 (Call 12/15/22)		810		831,692
Northern States Power Co./MN, 2.60%, 05/15/23 (Call 11/15/22)		634		649,387
PacifiCorp, 2.95%, 06/01/23 (Call 03/01/23)		190		196,698
PPL Capital Funding Inc., 3.40%, 06/01/23 (Call 03/01/23)(b)		1,118		1,165,727
PSEG Power LLC, 3.85%, 06/01/23 (Call 05/01/23)		2,110		2,231,093
Public Service Co. of New Hampshire, 3.50%, 11/01/23 (Call 08/01/23)		311		329,847
Public Service Electric & Gas Co.
2.38%, 05/15/23 (Call 02/15/23)		907		926,627
3.25%, 09/01/23 (Call 08/01/23)		375		394,586
San Diego Gas & Electric Co., Series NNN, 3.60%, 09/01/23 (Call 06/01/23)		435		459,564
Sempra Energy
2.90%, 02/01/23 (Call 01/01/23)		1,439		1,480,832
4.05%, 12/01/23 (Call 09/01/23)(b)		1,055		1,131,667
Southern California Edison Co.
Series C, 3.50%, 10/01/23 (Call 07/01/23)(b)		813		857,178
Series D, 3.40%, 06/01/23 (Call 05/01/23)		508		532,994
Southern Co. (The), 2.95%, 07/01/23 (Call 05/01/23)		3,716		3,846,246
Virginia Electric & Power Co., Series C, 2.75%, 03/15/23 (Call 12/15/22)(b)		1,425		1,463,618
				43,628,649
Electrical Components & Equipment — 0.1%
Emerson Electric Co., 2.63%, 02/15/23 (Call 11/15/22)(b)		723		743,258
Electronics — 0.6%
Agilent Technologies Inc., 3.88%, 07/15/23 (Call 04/15/23)(b)		1,260		1,335,348
Arrow Electronics Inc., 4.50%, 03/01/23 (Call 12/01/22)		655		692,754
Flex Ltd., 5.00%, 02/15/23		1,785		1,922,427
Roper Technologies Inc., 3.65%, 09/15/23 (Call 08/15/23)(b)		909		963,268
Trimble Inc., 4.15%, 06/15/23 (Call 05/15/23)		971		1,032,901
				5,946,698
Environmental Control — 0.3%
Republic Services Inc., 4.75%, 05/15/23 (Call 02/15/23)		1,512		1,642,758

3

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Environmental Control (continued)
Waste Management Inc., 2.40%, 05/15/23 (Call 03/15/23)(b)	$	1,666	$	1,699,969
				3,342,727
Food — 1.8%
Campbell Soup Co., 3.65%, 03/15/23 (Call 02/15/23)(b)		2,238		2,349,027
Conagra Brands Inc., 3.20%, 01/25/23 (Call 10/25/22)		2,620		2,710,154
General Mills Inc., 3.70%, 10/17/23 (Call 09/17/23)		2,208		2,350,350
Hershey Co. (The), 3.38%, 05/15/23 (Call 04/15/23)(b)		1,488		1,574,557
Kellogg Co., 2.65%, 12/01/23		1,834		1,884,105
Kraft Heinz Foods Co., 4.00%, 06/15/23 (Call 05/15/23)(b)		2,175		2,306,914
Kroger Co. (The), 3.85%, 08/01/23 (Call 05/01/23)		1,821		1,940,403
Mondelez International Inc., 3.63%, 05/07/23 (Call 04/07/23)		1,662		1,753,111
Tyson Foods Inc., 3.90%, 09/28/23 (Call 08/28/23)		1,428		1,526,903
				18,395,524
Gas — 0.4%
CenterPoint Energy Resources Corp., 3.55%, 04/01/23 (Call 03/01/23)(b)		852		889,735
Dominion Energy Gas Holdings LLC, 3.55%, 11/01/23 (Call 08/01/23)		670		703,708
National Fuel Gas Co., 3.75%, 03/01/23 (Call 12/01/22)(b)		881		917,279
NiSource Inc., 3.65%, 06/15/23 (Call 05/15/23)		712		748,711
Southern Co. Gas Capital Corp., 2.45%, 10/01/23 (Call 08/01/23)(b)		793		806,291
				4,065,724
Health Care – Products — 0.7%
Abbott Laboratories, 3.40%, 11/30/23 (Call 09/30/23)		2,491		2,647,136
Covidien International Finance SA, 2.95%, 06/15/23 (Call 03/15/23)		240		248,700
Medtronic Inc., 2.75%, 04/01/23 (Call 01/01/23)		838		864,414
Thermo Fisher Scientific Inc., 3.00%, 04/15/23 (Call 02/15/23)(b)		2,874		2,976,860
Zimmer Biomet Holdings Inc., 3.70%, 03/19/23 (Call 02/19/23)		810		850,759
				7,587,869
Health Care – Services — 1.9%
Aetna Inc., 2.80%, 06/15/23 (Call 04/15/23)		3,888		3,993,209
Anthem Inc., 3.30%, 01/15/23(b)		3,344		3,484,114
HCA Inc., 4.75%, 05/01/23		3,778		4,085,831
Laboratory Corp. of America Holdings, 4.00%, 11/01/23 (Call 08/01/23)(b)		390		415,178
SSM Health Care Corp., Series 2018, 3.69%, 06/01/23 (Call 03/01/23)		718		757,354
UnitedHealth Group Inc.
2.75%, 02/15/23 (Call 11/15/22)(b)		2,619		2,690,473
2.88%, 03/15/23		1,908		1,973,941
3.50%, 06/15/23(b)		1,557		1,645,048
				19,045,148
Holding Companies – Diversified — 0.2%
Ares Capital Corp., 3.50%, 02/10/23 (Call 01/10/23)		1,671		1,716,986
Prospect Capital Corp., 5.88%, 03/15/23		235		251,582
				1,968,568
Home Builders — 0.1%
DR Horton Inc.
4.75%, 02/15/23 (Call 11/15/22)(b)		841		902,309
5.75%, 08/15/23 (Call 05/15/23)		570		636,428
				1,538,737

Security	Par (000)		Value
Household Products & Wares — 0.0%
Kimberly-Clark Corp., 2.40%, 06/01/23(b)	$	270	$	276,647
Insurance — 2.2%
Aflac Inc., 3.63%, 06/15/23		2,012		2,133,786
Allstate Corp. (The), 3.15%, 06/15/23		1,287		1,348,802
Aon PLC, 4.00%, 11/27/23 (Call 08/27/23)		933		1,000,764
Aspen Insurance Holdings Ltd., 4.65%, 11/15/23(b)		1,000		1,091,950
Assurant Inc.
4.00%, 03/15/23(b)		800		842,360
4.20%, 09/27/23 (Call 08/27/23)		25		26,611
Berkshire Hathaway Inc.
2.75%, 03/15/23 (Call 01/15/23)		4,810		4,974,117
3.00%, 02/11/23(b)		1,132		1,179,476
Chubb INA Holdings Inc., 2.70%, 03/13/23		215		220,863
Equitable Holdings Inc., 3.90%, 04/20/23 (Call 03/20/23)		1,486		1,574,164
Lincoln National Corp., 4.00%, 09/01/23		1,445		1,549,184
Loews Corp., 2.63%, 05/15/23 (Call 02/15/23)(b)		1,474		1,512,884
Marsh & McLennan Companies Inc., 3.30%, 03/14/23 (Call 01/14/23)		1,040		1,084,138
MetLife Inc., Series D, 4.37%, 09/15/23		3,286		3,577,238
Reinsurance Group of America Inc., 4.70%, 09/15/23		25		27,396
				22,143,733
Internet — 1.1%
Alibaba Group Holding Ltd., 2.80%, 06/06/23 (Call 05/06/23)		1,799		1,842,266
Amazon.com Inc., 2.40%, 02/22/23 (Call 01/22/23)		2,937		3,005,873
Baidu Inc., 3.88%, 09/29/23 (Call 08/29/23)		2,142		2,268,207
Booking Holdings Inc., 2.75%, 03/15/23 (Call 02/15/23)		1,306		1,344,553
eBay Inc., 2.75%, 01/30/23 (Call 12/30/22)		3,095		3,162,285
				11,623,184
Iron & Steel — 0.3%
Nucor Corp., 4.00%, 08/01/23 (Call 05/01/23)		1,224		1,302,238
Reliance Steel & Aluminum Co., 4.50%, 04/15/23 (Call 01/15/23)		1,134		1,208,186
Steel Dynamics Inc., 5.25%, 04/15/23 (Call 03/02/20)(b)		354		359,689
				2,870,113
Lodging — 0.6%
Hyatt Hotels Corp., 3.38%, 07/15/23 (Call 04/15/23)		975		1,014,078
Marriott International Inc./MD, Series Z, 4.15%, 12/01/23 (Call 11/01/23)		870		938,147
Sands China Ltd., 4.60%, 08/08/23 (Call 07/08/23)(b)		3,658		3,881,760
				5,833,985
Machinery — 1.6%
ABB Finance USA Inc., 3.38%, 04/03/23 (Call 03/03/23)		936		979,973
Caterpillar Financial Services Corp.
2.63%, 03/01/23		1,005		1,032,839
3.45%, 05/15/23		1,860		1,965,388
3.65%, 12/07/23		1,240		1,327,556
3.75%, 11/24/23		722		775,103
CNH Industrial NV, 4.50%, 08/15/23(b)		1,969		2,127,977
Crane Co., 4.45%, 12/15/23 (Call 09/15/23)		300		324,750
Flowserve Corp., 4.00%, 11/15/23 (Call 08/15/23)(b)		320		334,957
John Deere Capital Corp.
2.70%, 01/06/23		529		544,521
2.80%, 01/27/23(b)		1,263		1,304,869
2.80%, 03/06/23		3,749		3,880,328
3.45%, 06/07/23		802		848,283
3.65%, 10/12/23		605		647,283

4

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
Nvent Finance Sarl, 3.95%, 04/15/23 (Call 03/15/23)	$	137	$	141,381
				16,235,208
Manufacturing — 0.8%
3M Co.
1.75%, 02/14/23 (Call 01/14/23)(b)		1,065		1,071,294
2.25%, 03/15/23 (Call 02/15/23)(b)		1,663		1,692,236
General Electric Co., 3.10%, 01/09/23(b)		3,747		3,869,040
Ingersoll-Rand Global Holding Co. Ltd., 4.25%, 06/15/23(b)		1,483		1,600,379
				8,232,949
Media — 2.2%
Comcast Corp.
2.75%, 03/01/23 (Call 02/01/23)		2,896		2,985,428
2.85%, 01/15/23(b)		1,939		2,006,303
Discovery Communications LLC
2.95%, 03/20/23 (Call 02/20/23)		3,166		3,256,801
3.25%, 04/01/23(b)		1,004		1,042,001
NBCUniversal Media LLC, 2.88%, 01/15/23(b)		2,375		2,456,082
Thomson Reuters Corp., 4.30%, 11/23/23 (Call 08/23/23)(b)		1,499		1,621,663
Time Warner Entertainment Co. LP, 8.38%, 03/15/23		2,319		2,747,876
ViacomCBS Inc.
2.50%, 02/15/23 (Call 01/15/23)(b)		2,686		2,736,712
2.90%, 06/01/23 (Call 05/01/23)		365		376,319
4.25%, 09/01/23 (Call 06/01/23)(b)		2,758		2,961,458
				22,190,643
Metal Fabricate & Hardware — 0.3%
Precision Castparts Corp., 2.50%, 01/15/23 (Call 10/15/22)		2,807		2,877,231
Mining — 0.4%
BHP Billiton Finance USA Ltd., 3.85%, 09/30/23		1,030		1,111,865
Newmont Corp., 3.70%, 03/15/23 (Call 12/15/22)		3,090		3,257,076
				4,368,941
Oil & Gas — 4.7%
BP Capital Markets America Inc.
2.75%, 05/10/23(b)		3,635		3,745,722
3.22%, 11/28/23 (Call 09/28/23)		2,308		2,422,500
BP Capital Markets PLC
2.75%, 05/10/23		170		175,775
3.99%, 09/26/23(b)		1,894		2,039,705
Canadian Natural Resources Ltd., 2.95%, 01/15/23 (Call 12/15/22)		3,212		3,301,229
Cenovus Energy Inc., 3.80%, 09/15/23 (Call 06/15/23)		890		931,741
Chevron Corp.
2.57%, 05/16/23 (Call 03/16/23)		3,347		3,444,163
3.19%, 06/24/23 (Call 03/24/23)		3,629		3,804,716
Continental Resources Inc./OK, 4.50%, 04/15/23 (Call 01/15/23)		2,884		3,045,994
EOG Resources Inc., 2.63%, 03/15/23 (Call 12/15/22)		3,477		3,565,142
Exxon Mobil Corp., 2.73%, 03/01/23 (Call 01/01/23)		3,076		3,172,833
Marathon Petroleum Corp., 4.75%, 12/15/23 (Call 10/15/23)(b)		2,005		2,188,818
Occidental Petroleum Corp., 2.70%, 02/15/23 (Call 11/15/22)		3,700		3,756,573
Shell International Finance BV
2.25%, 01/06/23(b)		2,939		2,991,491
3.40%, 08/12/23(b)		3,008		3,183,637
3.50%, 11/13/23 (Call 10/13/23)		1,308		1,391,791
Total Capital Canada Ltd., 2.75%, 07/15/23(b)		2,370		2,452,737
Total Capital International SA, 2.70%, 01/25/23		2,545		2,622,521
				48,237,088

Security	Par (000)		Value
Oil & Gas Services — 0.6%
Halliburton Co., 3.50%, 08/01/23 (Call 05/01/23)	$	2,700	$	2,830,680
Schlumberger Investment SA, 3.65%, 12/01/23 (Call 09/01/23)		2,909		3,099,859
				5,930,539
Packaging & Containers — 0.2%
Packaging Corp. of America, 4.50%, 11/01/23 (Call 08/01/23)		1,347		1,459,192
WestRock RKT LLC, 4.00%, 03/01/23 (Call 12/01/22)		1,010		1,062,772
				2,521,964
Pharmaceuticals — 7.9%
AbbVie Inc.
2.85%, 05/14/23 (Call 03/14/23)		2,888		2,974,034
3.75%, 11/14/23 (Call 10/14/23)(b)		2,907		3,094,094
Allergan Inc./U.S., 2.80%, 03/15/23 (Call 12/15/22)		1,159		1,180,986
AstraZeneca PLC, 3.50%, 08/17/23 (Call 07/17/23)(b)		2,119		2,238,300
Bristol-Myers Squibb Co.
2.75%, 02/15/23 (Call 01/15/23)(a)		2,947		3,031,402
3.25%, 02/20/23 (Call 01/20/23)(a)		2,248		2,343,697
3.25%, 11/01/23(b)		1,145		1,208,044
4.00%, 08/15/23(a)		1,405		1,509,869
Cardinal Health Inc., 3.20%, 03/15/23		1,718		1,778,319
Cigna Corp.
3.00%, 07/15/23 (Call 05/16/23)(a)		3,004		3,095,802
3.75%, 07/15/23 (Call 06/15/23)		4,617		4,881,092
CVS Health Corp.
3.70%, 03/09/23 (Call 02/09/23)		11,755		12,340,869
4.00%, 12/05/23 (Call 09/05/23)		3,682		3,932,597
GlaxoSmithKline Capital Inc.
2.80%, 03/18/23(b)		2,612		2,701,043
3.38%, 05/15/23		3,084		3,246,188
Johnson & Johnson
2.05%, 03/01/23 (Call 01/01/23)(b)		1,864		1,889,332
3.38%, 12/05/23(b)		1,507		1,616,062
McKesson Corp., 2.85%, 03/15/23 (Call 12/15/22)(b)		933		954,944
Merck & Co. Inc., 2.80%, 05/18/23		4,724		4,909,889
Mylan Inc., 4.20%, 11/29/23 (Call 08/29/23)		915		976,204
Pfizer Inc.
3.00%, 06/15/23(b)		2,941		3,074,433
3.20%, 09/15/23 (Call 08/15/23)		2,603		2,744,629
5.80%, 08/12/23(b)		475		540,260
Sanofi, 3.38%, 06/19/23 (Call 05/19/23)		2,307		2,438,038
Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/23 (Call 07/23/23)		5,764		5,934,730
Takeda Pharmaceutical Co. Ltd., 4.40%, 11/26/23 (Call 10/26/23)		2,634		2,860,972
Zoetis Inc., 3.25%, 02/01/23 (Call 11/01/22)		3,338		3,472,622
				80,968,451
Pipelines — 3.7%
Boardwalk Pipelines LP, 3.38%, 02/01/23 (Call 11/01/22)(b)		538		553,925
Enbridge Inc., 4.00%, 10/01/23 (Call 07/01/23)		2,320		2,468,851
Energy Transfer Operating LP
3.60%, 02/01/23 (Call 11/01/22)		1,917		1,981,488
4.25%, 03/15/23 (Call 12/15/22)(b)		2,162		2,274,878
Series 5Y, 4.20%, 09/15/23 (Call 08/15/23)		1,245		1,322,327
Energy Transfer Partners LP/Regency Energy Finance Corp., 4.50%, 11/01/23 (Call 08/01/23)		2,019		2,154,939
Enterprise Products Operating LLC, 3.35%, 03/15/23 (Call 12/15/22)		3,512		3,658,767

5

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
EQM Midstream Partners LP, 4.75%, 07/15/23 (Call 06/15/23)	$	2,500	$	2,460,075
Kinder Morgan Energy Partners LP
3.45%, 02/15/23 (Call 11/15/22)		1,547		1,607,642
3.50%, 09/01/23 (Call 06/01/23)		1,832		1,919,588
Kinder Morgan Inc./DE, 3.15%, 01/15/23 (Call 12/15/22)		2,354		2,431,658
MPLX LP
3.38%, 03/15/23 (Call 02/15/23)		505		525,033
4.50%, 07/15/23 (Call 04/15/23)		3,177		3,408,921
ONEOK Inc., 7.50%, 09/01/23 (Call 06/01/23)		985		1,154,105
ONEOK Partners LP, 5.00%, 09/15/23 (Call 06/15/23)		850		929,696
Plains All American Pipeline LP/PAA Finance Corp.
2.85%, 01/31/23 (Call 10/31/22)		856		869,979
3.85%, 10/15/23 (Call 07/15/23)		1,554		1,626,587
Sabine Pass Liquefaction LLC, 5.63%, 04/15/23 (Call 01/15/23)		2,677		2,931,663
Sunoco Logistics Partners Operations LP, 3.45%, 01/15/23 (Call 10/15/22)		499		513,162
TransCanada PipeLines Ltd., 3.75%, 10/16/23 (Call 07/16/23)		1,146		1,214,714
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)(b)		295		307,281
4.50%, 11/15/23 (Call 08/15/23)		1,409		1,521,917
				37,837,196
Real Estate Investment Trusts — 5.2%
Alexandria Real Estate Equities Inc., 3.90%, 06/15/23 (Call 03/15/23)(b)		1,937		2,054,460
American Campus Communities Operating Partnership LP, 3.75%, 04/15/23 (Call 01/15/23)		715		753,453
American Tower Corp.
3.00%, 06/15/23		1,263		1,306,725
3.50%, 01/31/23		3,901		4,076,077
AvalonBay Communities Inc., 4.20%, 12/15/23 (Call 09/16/23)		499		540,637
Boston Properties LP
3.13%, 09/01/23 (Call 06/01/23)		1,470		1,529,947
3.85%, 02/01/23 (Call 11/01/22)		2,198		2,320,824
Brandywine Operating Partnership LP, 3.95%, 02/15/23 (Call 11/15/22)(b)		725		761,786
Brixmor Operating Partnership LP, 3.25%, 09/15/23 (Call 07/15/23)(b)		1,205		1,252,863
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.85%, 04/15/23		1,979		2,091,981
Corporate Office Properties LP, 3.60%, 05/15/23 (Call 02/15/23)		851		880,079
Crown Castle International Corp.
3.15%, 07/15/23 (Call 06/15/23)		2,103		2,183,398
5.25%, 01/15/23		4,124		4,513,470
CubeSmart LP, 4.38%, 12/15/23 (Call 09/15/23)(b)		610		656,470
Digital Realty Trust LP, 2.75%, 02/01/23 (Call 01/01/23)		1,234		1,257,039
ERP Operating LP, 3.00%, 04/15/23 (Call 01/15/23)(b)		1,435		1,487,492
Essex Portfolio LP, 3.25%, 05/01/23 (Call 02/01/23)		645		669,310
GLP Capital LP/GLP Financing II Inc., 5.38%, 11/01/23 (Call 08/01/23)		590		647,991
Healthpeak Properties Inc., 4.25%, 11/15/23 (Call 08/15/23)		1,633		1,759,819
Host Hotels & Resorts LP
Series C, 4.75%, 03/01/23 (Call 12/01/22)		770		826,503
Series D, 3.75%, 10/15/23 (Call 07/15/23)(b)		1,385		1,463,446
Kilroy Realty LP, 3.80%, 01/15/23 (Call 10/15/22)		355		371,415

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Kimco Realty Corp., 3.13%, 06/01/23 (Call 03/01/23)	$	603	$	623,990
Liberty Property LP, 3.38%, 06/15/23 (Call 03/15/23)		580		607,956
Mid-America Apartments LP, 4.30%, 10/15/23 (Call 07/15/23)(b)		100		107,608
National Retail Properties Inc., 3.30%, 04/15/23 (Call 01/15/23)(b)		1,085		1,124,993
Omega Healthcare Investors Inc., 4.38%, 08/01/23 (Call 06/01/23)		1,822		1,948,410
Piedmont Operating Partnership LP, 3.40%, 06/01/23 (Call 03/01/23)		350		363,093
Prologis LP, 4.25%, 08/15/23 (Call 05/15/23)		2,158		2,328,439
Realty Income Corp., 4.65%, 08/01/23 (Call 05/01/23)		1,178		1,282,053
Service Properties Trust, 4.50%, 06/15/23 (Call 12/15/22)		1,438		1,509,023
Simon Property Group LP
2.75%, 02/01/23 (Call 11/01/22)		1,167		1,202,232
2.75%, 06/01/23 (Call 03/01/23)		2,111		2,177,876
Ventas Realty LP
3.10%, 01/15/23 (Call 12/15/22)		1,040		1,074,403
3.13%, 06/15/23 (Call 03/15/23)		1,395		1,443,365
Weingarten Realty Investors, 3.50%, 04/15/23 (Call 01/15/23)		272		280,903
Welltower Inc.
3.75%, 03/15/23 (Call 12/15/22)(b)		1,847		1,944,411
3.95%, 09/01/23 (Call 08/01/23)		1,151		1,226,724
Weyerhaeuser Co.
3.25%, 03/15/23 (Call 12/15/22)(b)		67		69,141
4.63%, 09/15/23		720		783,439
				53,503,244
Retail — 3.3%
Advance Auto Parts Inc., 4.50%, 12/01/23 (Call 09/01/23)		785		850,273
AutoZone Inc.
2.88%, 01/15/23 (Call 10/15/22)(b)		220		225,711
3.13%, 07/15/23 (Call 04/15/23)		1,398		1,450,691
Dollar General Corp., 3.25%, 04/15/23 (Call 01/15/23)		2,898		3,012,819
Dollar Tree Inc., 3.70%, 05/15/23 (Call 04/15/23)		2,030		2,140,858
Home Depot Inc. (The), 2.70%, 04/01/23 (Call 01/01/23)(b)		1,959		2,021,355
Kohl’s Corp., 3.25%, 02/01/23 (Call 11/01/22)		486		498,340
Lowe’s Companies Inc., 3.88%, 09/15/23 (Call 06/15/23)(b)		843		900,973
Macy’s Retail Holdings Inc., 2.88%, 02/15/23 (Call 11/15/22)		1,205		1,207,253
McDonald’s Corp., 3.35%, 04/01/23 (Call 03/01/23)		2,502		2,622,547
O’Reilly Automotive Inc., 3.85%, 06/15/23 (Call 03/15/23)(b)		804		852,690
QVC Inc., 4.38%, 03/15/23		2,126		2,200,899
Starbucks Corp.
3.10%, 03/01/23 (Call 02/01/23)		3,457		3,592,203
3.85%, 10/01/23 (Call 07/01/23)		1,311		1,401,472
TJX Companies Inc. (The), 2.50%, 05/15/23 (Call 02/15/23)(b)		805		825,503
Walmart Inc.
2.55%, 04/11/23 (Call 01/11/23)		6,231		6,406,278
3.40%, 06/26/23 (Call 05/26/23)		3,633		3,846,148
				34,056,013
Semiconductors — 1.6%
Altera Corp., 4.10%, 11/15/23(b)		1,007		1,097,197
Analog Devices Inc.
2.88%, 06/01/23 (Call 03/01/23)(b)		935		962,115
3.13%, 12/05/23 (Call 10/05/23)		2,129		2,227,530
Broadcom Corp./Broadcom Cayman Finance Ltd., 2.65%, 01/15/23 (Call 12/15/22)(b)		3,210		3,259,530

6

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Semiconductors (continued)
Marvell Technology Group Ltd., 4.20%, 06/22/23 (Call 05/22/23)	$	711	$	757,976
Maxim Integrated Products Inc., 3.38%, 03/15/23 (Call 12/15/22)(b)		875		908,801
Microchip Technology Inc., 4.33%, 06/01/23 (Call 05/01/23)(b)		2,517		2,684,028
QUALCOMM Inc., 2.60%, 01/30/23 (Call 12/30/22)		3,955		4,050,909
Texas Instruments Inc., 2.25%, 05/01/23 (Call 02/01/23)		684		697,920
				16,646,006
Software — 2.7%
Fidelity National Information Services Inc., 3.50%, 04/15/23 (Call 01/15/23)		2,269		2,380,476
Fiserv Inc., 3.80%, 10/01/23 (Call 09/01/23)		1,722		1,833,500
Microsoft Corp.
2.00%, 08/08/23 (Call 06/08/23)		3,582		3,639,061
2.38%, 05/01/23 (Call 02/01/23)(b)		2,735		2,804,606
3.63%, 12/15/23 (Call 09/15/23)		3,555		3,817,715
Oracle Corp.
2.40%, 09/15/23 (Call 07/15/23)		6,283		6,445,855
2.63%, 02/15/23 (Call 01/15/23)		1,499		1,542,051
3.63%, 07/15/23		2,159		2,302,358
salesforce.com Inc., 3.25%, 04/11/23 (Call 03/11/23)		2,886		3,026,086
				27,791,708
Telecommunications — 2.6%
AT&T Inc.
3.60%, 02/17/23 (Call 12/17/22)		4,254		4,462,786
4.05%, 12/15/23(b)		1,816		1,962,787
British Telecommunications PLC, 4.50%, 12/04/23 (Call 11/04/23)		1,259		1,368,697
Cisco Systems Inc.
2.20%, 09/20/23 (Call 07/20/23)		3,169		3,235,327
2.60%, 02/28/23		1,007		1,037,643
Motorola Solutions Inc., 3.50%, 03/01/23		1,346		1,400,096
Rogers Communications Inc.
3.00%, 03/15/23 (Call 12/15/22)		1,095		1,134,201
4.10%, 10/01/23 (Call 07/01/23)(b)		2,118		2,281,298
Telefonica Emisiones SA, 4.57%, 04/27/23		1,602		1,735,639
Verizon Communications Inc., 5.15%, 09/15/23		7,087		7,901,863
Vodafone Group PLC, 2.95%, 02/19/23		295		304,133
				26,824,470
Textiles — 0.1%
Mohawk Industries Inc., 3.85%, 02/01/23 (Call 11/01/22)(b)		560		589,585
Transportation — 1.7%
Burlington Northern Santa Fe LLC
3.00%, 03/15/23 (Call 12/15/22)		2,452		2,544,465

Security	Par/ Shares (000)		Value
Transportation (continued)
3.85%, 09/01/23 (Call 06/01/23)	$	1,480	$	1,583,289
Canadian Pacific Railway Co., 4.45%, 03/15/23 (Call 12/15/22)		373		399,729
CSX Corp., 3.70%, 11/01/23 (Call 08/01/23)(b)		1,030		1,102,378
Kansas City Southern, 3.00%, 05/15/23 (Call 02/15/23)		549		566,843
Norfolk Southern Corp., 2.90%, 02/15/23 (Call 11/15/22)		1,845		1,902,582
Ryder System Inc.
3.40%, 03/01/23 (Call 02/01/23)		625		651,038
3.75%, 06/09/23 (Call 05/09/23)		939		990,617
3.88%, 12/01/23 (Call 11/01/23)		873		931,613
Union Pacific Corp.
2.75%, 04/15/23 (Call 01/15/23)		1,079		1,108,953
2.95%, 01/15/23 (Call 10/15/22)		941		970,199
3.50%, 06/08/23 (Call 05/08/23)		1,489		1,570,091
United Parcel Service Inc., 2.50%, 04/01/23 (Call 03/01/23)		2,652		2,719,626
				17,041,423
Total Corporate Bonds & Notes — 98.9% (Cost: $980,281,142)				1,014,656,204
Short-Term Investments
Money Market Funds — 4.0%
BlackRock Cash Funds: Institutional, SL Agency Shares,     1.78%(c)(d)(e)		37,865		37,888,128
BlackRock Cash Funds: Treasury, SL Agency Shares,     1.50%(c)(d)		3,200		3,200,000
				41,088,128
Total Short-Term Investments — 4.0% (Cost: $41,075,481)				41,088,128
Total Investments in Securities — 102.9% (Cost: $1,021,356,623)				1,055,744,332
Other Assets, Less Liabilities — (2.9)%				(29,432,211	)
Net Assets — 100.0%			$	1,026,312,121

^(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)  Affiliate of the Fund.

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

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

7

Schedule of Investments  (unaudited) (continued) January 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 10/31/19 (000)	Net Activity (000)	Shares Held at 01/31/20 (000)		Value at 01/31/20		Income			Net Realized Gain (Loss)	(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares	33,487	4,378	37,865	$	37,888,128	$	29,281	(b)	$	(885	)	$	3,339
BlackRock Cash Funds: Treasury, SL Agency Shares	2,846	354	3,200		3,200,000		12,906			—			—
				$	41,088,128	$	42,187		$	(885	)	$	3,339

^(a)  Includes realized capital gain distributions from an affiliated fund, if any.

^(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.

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 iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of January 31, 2020. 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
Corporate Bonds & Notes	$	—	$	1,014,656,204	$	—	$	1,014,656,204
Money Market Funds		41,088,128		—		—		41,088,128
	$	41,088,128	$	1,014,656,204	$	—	$	1,055,744,332

8