Schedule of Investments  (unaudited) July 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(a)	$	2,042	$	2,166,807
Aerospace & Defense — 1.9%
Boeing Co. (The)
1.88%, 06/15/23 (Call 04/15/23)		1,180		1,174,902
2.80%, 03/01/23 (Call 02/01/23)		1,045		1,062,441
4.51%, 05/01/23 (Call 04/01/23)		7,115		7,442,859
General Dynamics Corp.
1.88%, 08/15/23 (Call 06/15/23)(a)		1,667		1,737,047
3.38%, 05/15/23 (Call 04/15/23)(a)		2,264		2,444,780
L3Harris Technologies Inc., 3.85%, 06/15/23 (Call 05/15/23)		2,170		2,361,611
Lockheed Martin Corp., 3.10%, 01/15/23 (Call 11/15/22)(a)		1,844		1,961,832
Northrop Grumman Corp., 3.25%, 08/01/23(a)		2,934		3,173,121
Raytheon Technologies Corp., 3.70%, 12/15/23 (Call 09/15/23)(a)(b)		1,193		1,306,586
				22,665,179
Agriculture — 0.7%
Altria Group Inc., 2.95%, 05/02/23(a)		1,141		1,209,198
Philip Morris International Inc.
1.13%, 05/01/23		545		554,657
2.13%, 05/10/23 (Call 03/10/23)		1,521		1,586,129
2.63%, 03/06/23		1,610		1,702,752
3.60%, 11/15/23		1,294		1,420,993
Reynolds American Inc., 4.85%, 09/15/23		1,580		1,770,122
				8,243,851
Airlines — 0.2%
Southwest Airlines Co., 4.75%, 05/04/23		2,229		2,328,057
Apparel — 0.2%
NIKE Inc., 2.25%, 05/01/23 (Call 02/01/23)		2,015		2,107,428
Auto Manufacturers — 3.9%
American Honda Finance Corp.
0.88%, 07/07/23		1,075		1,084,621
1.95%, 05/10/23		445		461,389
2.05%, 01/10/23		2,052		2,124,230
3.45%, 07/14/23		1,690		1,827,904
3.63%, 10/10/23		2,991		3,274,457
Cummins Inc., 3.65%, 10/01/23 (Call 07/01/23)		706		778,485
General Motors Co.
4.88%, 10/02/23		2,992		3,247,996
5.40%, 10/02/23		3,195		3,526,992
General Motors Financial Co. Inc.
3.25%, 01/05/23 (Call 12/05/22)		1,435		1,484,938
3.70%, 05/09/23 (Call 03/09/23)		3,619		3,794,522
4.15%, 06/19/23 (Call 05/19/23)		3,110		3,303,846
4.25%, 05/15/23		2,024		2,157,847
5.20%, 03/20/23		2,115		2,300,253
PACCAR Financial Corp.
1.90%, 02/07/23		868		897,824
2.65%, 04/06/23		76		80,356
3.40%, 08/09/23		433		469,827
Toyota Motor Corp., 3.42%, 07/20/23(a)		1,441		1,561,684
Toyota Motor Credit Corp.
1.35%, 08/25/23		215		220,599
2.25%, 10/18/23		2,527		2,661,689
2.63%, 01/10/23		2,957		3,112,154

Security	Par (000)		Value
Auto Manufacturers (continued)
2.70%, 01/11/23	$	1,028	$	1,084,242
2.90%, 03/30/23		3,511		3,727,734
3.45%, 09/20/23		2,138		2,329,073
				45,512,662
Banks — 25.9%
Banco Santander SA
3.13%, 02/23/23		2,218		2,332,382
3.85%, 04/12/23		3,035		3,258,831
Bank of America Corp.
3.30%, 01/11/23		9,677		10,325,069
4.10%, 07/24/23		5,751		6,345,941
Bank of New York Mellon Corp. (The)
1.85%, 01/27/23 (Call 01/02/23)		1,375		1,422,314
2.20%, 08/16/23 (Call 06/16/23)		3,782		3,970,381
2.95%, 01/29/23 (Call 12/29/22)(a)		2,767		2,935,261
3.45%, 08/11/23		1,181		1,287,148
3.50%, 04/28/23		2,096		2,269,088
Bank of Nova Scotia (The)
1.63%, 05/01/23		900		927,396
1.95%, 02/01/23		2,822		2,921,193
2.38%, 01/18/23		1,700		1,778,064
Barclays PLC, 3.68%, 01/10/23 (Call 01/10/22)(a)		4,263		4,426,955
BNP Paribas SA, 3.25%, 03/03/23		2,963		3,184,988
Canadian Imperial Bank of Commerce
0.95%, 06/23/23		2,176		2,197,651
3.50%, 09/13/23(a)		3,443		3,770,429
Citigroup Inc.
3.38%, 03/01/23(a)		1,018		1,083,091
3.50%, 05/15/23		3,136		3,367,876
3.88%, 10/25/23		3,023		3,332,918
Citizens Bank N.A./Providence RI, 3.70%, 03/29/23 (Call 02/28/23)		1,335		1,437,395
Comerica Inc., 3.70%, 07/31/23 (Call 06/30/23)(a)		2,426		2,622,700
Cooperatieve Rabobank UA, 4.63%, 12/01/23		4,128		4,577,869
Cooperatieve Rabobank UA/NY, 2.75%, 01/10/23(a)		2,879		3,040,051
Credit Suisse AG/New York NY, 1.00%, 05/05/23		4,715		4,766,299
Credit Suisse Group Funding Guernsey Ltd., 3.80%, 06/09/23		5,343		5,762,853
Deutsche Bank AG/New York NY, 3.95%, 02/27/23		2,515		2,644,397
Discover Bank
3.35%, 02/06/23 (Call 01/06/23)(a)		2,256		2,395,849
4.20%, 08/08/23(a)		2,510		2,764,062
Fifth Third Bancorp., 1.63%, 05/05/23 (Call 04/05/23)		315		323,685
Fifth Third Bank NA, 1.80%, 01/30/23 (Call 12/30/22)(a)		1,255		1,292,462
First Horizon National Corp., 3.55%, 05/26/23 (Call 04/26/23)		1,105		1,157,686
FNB Corp./PA, 2.20%, 02/24/23 (Call 01/24/23)		380		379,863
Goldman Sachs Group Inc. (The)
3.20%, 02/23/23 (Call 01/23/23)		4,819		5,123,513
3.63%, 01/22/23		5,862		6,294,381
HSBC Holdings PLC, 3.60%, 05/25/23(a)		5,028		5,406,810
Huntington National Bank (The)
1.80%, 02/03/23 (Call 01/03/23)		605		623,428
3.55%, 10/06/23 (Call 09/06/23)		2,676		2,922,861
ING Groep NV, 4.10%, 10/02/23		3,697		4,075,573
JPMorgan Chase & Co.
2.70%, 05/18/23 (Call 03/18/23)(a)		5,241		5,541,729
2.97%, 01/15/23 (Call 01/15/22)		4,137		4,288,166
3.20%, 01/25/23		4,880		5,206,618
3.38%, 05/01/23(a)		5,387		5,775,349

1

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

Security	Par (000)		Value
Banks (continued)
KeyBank N.A./Cleveland OH, 3.38%, 03/07/23	$	1,360	$	1,457,145
KeyBank NA/Cleveland OH, 1.25%, 03/10/23		1,726		1,759,881
Lloyds Banking Group PLC, 4.05%, 08/16/23		4,763		5,215,628
M&T Bank Corp., 3.55%, 07/26/23 (Call 06/26/23)		1,452		1,590,710
Mitsubishi UFJ Financial Group Inc.
2.53%, 09/13/23		424		446,858
3.46%, 03/02/23(a)		3,886		4,156,155
3.76%, 07/26/23(a)		6,033		6,564,688
Mizuho Financial Group Inc., 3.55%, 03/05/23(a)		2,584		2,765,836
Morgan Stanley
3.13%, 01/23/23		4,999		5,312,637
3.75%, 02/25/23		5,724		6,184,610
4.10%, 05/22/23		5,804		6,319,627
National Australia Bank Ltd./New York
2.88%, 04/12/23		1,231		1,308,885
3.00%, 01/20/23(a)		1,863		1,978,338
3.63%, 06/20/23		1,896		2,064,820
National Bank of Canada, 2.10%, 02/01/23		2,682		2,779,088
Natwest Group PLC
3.88%, 09/12/23		6,487		7,045,596
6.10%, 06/10/23		2,718		3,010,158
PNC Bank N.A.
2.95%, 01/30/23 (Call 12/30/22)		1,935		2,039,722
3.50%, 06/08/23 (Call 05/09/23)		1,422		1,541,107
3.80%, 07/25/23 (Call 06/25/23)(a)		1,997		2,177,689
Regions Financial Corp., 3.80%, 08/14/23 (Call 07/14/23)		2,939		3,209,035
Royal Bank of Canada
1.60%, 04/17/23		161		166,097
1.95%, 01/17/23		2,805		2,909,879
3.70%, 10/05/23		4,967		5,454,014
Santander Holdings USA Inc., 3.40%, 01/18/23 (Call 12/18/22)		3,015		3,152,725
Santander UK Group Holdings PLC, 3.57%, 01/10/23 (Call 01/10/22)		2,969		3,080,694
Santander UK PLC, 2.10%, 01/13/23(a)		3,295		3,414,543
State Street Corp.
3.10%, 05/15/23		2,875		3,086,370
3.70%, 11/20/23(a)		2,668		2,963,161
Sumitomo Mitsui Banking Corp.
3.00%, 01/18/23		1,280		1,351,629
3.95%, 07/19/23		1,805		1,977,919
Sumitomo Mitsui Financial Group Inc.
3.10%, 01/17/23		4,585		4,866,381
3.75%, 07/19/23		1,438		1,563,926
3.94%, 10/16/23		1,829		2,015,796
Svenska Handelsbanken AB, 3.90%, 11/20/23(a)		2,513		2,787,219
Toronto-Dominion Bank (The)
0.75%, 06/12/23		2,300		2,321,183
3.50%, 07/19/23(a)		4,550		4,965,961
Truist Bank
1.25%, 03/09/23 (Call 02/09/23)		2,605		2,654,756
2.75%, 05/01/23 (Call 04/01/23)		869		919,228
3.00%, 02/02/23 (Call 01/02/23)(a)		2,094		2,217,672
Truist Financial Corp.
2.20%, 03/16/23 (Call 02/13/23)		2,071		2,161,544
3.75%, 12/06/23 (Call 11/06/23)		3,440		3,790,054
U.S. Bank N.A./Cincinnati OH
1.95%, 01/09/23 (Call 12/09/22)		955		991,195
2.85%, 01/23/23 (Call 12/23/22)(a)		2,135		2,262,609
3.40%, 07/24/23 (Call 06/23/23)		3,551		3,868,992

Security	Par (000)		Value
Banks (continued)
Wells Fargo & Co.
3.07%, 01/24/23 (Call 01/24/22)	$	7,366	$	7,625,283
4.13%, 08/15/23		3,731		4,075,446
Series M, 3.45%, 02/13/23		5,964		6,336,929
Wells Fargo Bank N.A., 3.55%, 08/14/23 (Call 07/14/23)		6,002		6,522,073
Westpac Banking Corp.
2.00%, 01/13/23		1,347		1,396,583
2.75%, 01/11/23		3,490		3,682,194
3.65%, 05/15/23(a)		2,550		2,770,397
				305,841,240
Beverages — 2.3%
Coca-Cola Co. (The)
2.50%, 04/01/23		2,034		2,152,765
3.20%, 11/01/23		4,349		4,744,237
Constellation Brands Inc.
3.20%, 02/15/23 (Call 01/15/23)		1,670		1,774,325
4.25%, 05/01/23		2,500		2,749,925
Diageo Capital PLC
2.63%, 04/29/23 (Call 01/29/23)(a)		2,932		3,097,717
3.50%, 09/18/23 (Call 08/18/23)		835		907,695
Fomento Economico Mexicano SAB de CV, 2.88%, 05/10/23(a)		674		702,786
Keurig Dr Pepper Inc.
3.13%, 12/15/23 (Call 10/15/23)		2,256		2,435,961
4.06%, 05/25/23 (Call 04/25/23)		4,623		5,059,642
PepsiCo Inc.
0.75%, 05/01/23		814		824,387
2.75%, 03/01/23(a)		2,640		2,802,677
				27,252,117
Biotechnology — 0.5%
Amgen Inc., 2.25%, 08/19/23 (Call 06/19/23)(a)		2,547		2,675,343
Gilead Sciences Inc., 2.50%, 09/01/23 (Call 07/01/23)(a)		2,559		2,712,156
				5,387,499
Building Materials — 0.2%
Carrier Global Corp., 1.92%, 02/15/23 (Call 01/15/23)(b)		1,110		1,141,924
Fortune Brands Home & Security Inc., 4.00%, 09/21/23 (Call 08/21/23)		1,565		1,723,440
Lennox International Inc., 3.00%, 11/15/23 (Call 09/15/23)		102		107,540
				2,972,904
Chemicals — 1.8%
DuPont de Nemours Inc.
2.17%, 05/01/23		4,689		4,780,436
4.21%, 11/15/23 (Call 10/15/23)		6,679		7,366,803
Ecolab Inc., 3.25%, 01/14/23 (Call 11/14/22)(a)		1,462		1,553,711
International Flavors & Fragrances Inc., 3.20%, 05/01/23 (Call 02/01/23)(a)		565		588,979
LYB International Finance BV, 4.00%, 07/15/23		2,304		2,516,221
Mosaic Co. (The), 4.25%, 11/15/23 (Call 08/15/23)		1,930		2,064,772
Nutrien Ltd.
1.90%, 05/13/23		590		610,231
3.50%, 06/01/23 (Call 03/01/23)		844		901,907
PPG Industries Inc., 3.20%, 03/15/23 (Call 02/15/23)		170		180,564
Praxair Inc., 2.70%, 02/21/23 (Call 11/21/22)(a)		1,132		1,188,453
				21,752,077
Commercial Services — 0.8%
Equifax Inc., 3.95%, 06/15/23 (Call 05/15/23)		445		482,162
Global Payments Inc.
3.75%, 06/01/23 (Call 03/01/23)		2,153		2,316,865
4.00%, 06/01/23 (Call 05/01/23)		1,187		1,291,931

2

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

Security	Par (000)		Value
Commercial Services (continued)
IHS Markit Ltd., 4.13%, 08/01/23 (Call 07/01/23)	$	853	$	934,240
Moody’s Corp., 2.63%, 01/15/23 (Call 12/15/22)		1,544		1,620,304
PayPal Holdings Inc., 1.35%, 06/01/23		911		933,903
RELX Capital Inc., 3.50%, 03/16/23 (Call 02/16/23)		1,703		1,823,078
				9,402,483
Computers — 4.0%
Apple Inc.
0.75%, 05/11/23		775		783,742
2.40%, 01/13/23 (Call 12/13/22)		1,505		1,578,384
2.40%, 05/03/23(a)		12,467		13,173,006
2.85%, 02/23/23 (Call 12/23/22)(a)		4,952		5,250,407
Dell International LLC/EMC Corp., 5.45%, 06/15/23 (Call 04/15/23)(b)		9,273		10,209,480
DXC Technology Co., 4.00%, 04/15/23		1,161		1,228,199
Hewlett Packard Enterprise Co.
2.25%, 04/01/23 (Call 03/01/23)		3,168		3,276,282
4.45%, 10/02/23 (Call 09/02/23)		2,926		3,209,705
IBM Credit LLC, 3.00%, 02/06/23		3,015		3,209,890
International Business Machines Corp., 3.38%, 08/01/23		3,125		3,394,719
Seagate HDD Cayman, 4.75%, 06/01/23(a)		1,777		1,893,376
				47,207,190
Cosmetics & Personal Care — 0.5%
Colgate-Palmolive Co.
1.95%, 02/01/23(a)		1,392		1,450,965
2.10%, 05/01/23		510		534,827
Procter & Gamble Co. (The), 3.10%, 08/15/23		2,305		2,502,561
Unilever Capital Corp., 3.13%, 03/22/23 (Call 02/22/23)		1,345		1,439,621
				5,927,974
Diversified Financial Services — 4.4%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.30%, 01/23/23 (Call 12/23/22)		1,790		1,770,811
4.13%, 07/03/23 (Call 06/03/23)		1,715		1,717,984
4.50%, 09/15/23 (Call 08/15/23)		2,580		2,620,403
Air Lease Corp.
2.25%, 01/15/23		1,709		1,689,107
2.75%, 01/15/23 (Call 12/15/22)(a)		1,040		1,041,300
3.00%, 09/15/23 (Call 07/15/23)(a)		2,399		2,384,462
3.88%, 07/03/23 (Call 06/03/23)		891		910,878
Aircastle Ltd.
4.40%, 09/25/23 (Call 08/25/23)(a)		1,598		1,575,708
5.00%, 04/01/23		1,254		1,256,872
Ally Financial Inc., 3.05%, 06/05/23 (Call 05/05/23)		1,655		1,712,495
American Express Co.
3.40%, 02/27/23 (Call 01/27/23)		4,453		4,768,851
3.70%, 08/03/23 (Call 07/03/23)		5,105		5,565,828
Ameriprise Financial Inc., 4.00%, 10/15/23(a)		1,811		2,010,047
BGC Partners Inc., 5.38%, 07/24/23		1,286		1,335,717
Capital One Bank USA N.A., 3.38%, 02/15/23		3,256		3,443,285
Capital One Financial Corp.
2.60%, 05/11/23 (Call 04/11/23)		312		327,248
3.20%, 01/30/23 (Call 12/30/22)		3,832		4,054,524
3.50%, 06/15/23		2,398		2,581,471
Charles Schwab Corp. (The), 2.65%, 01/25/23 (Call 12/25/22)		2,832		2,981,643
Eaton Vance Corp., 3.63%, 06/15/23		170		181,472
Intercontinental Exchange Inc.
3.45%, 09/21/23 (Call 08/21/23)		848		922,014
4.00%, 10/15/23		2,382		2,645,759

Security	Par (000)		Value
Diversified Financial Services (continued)
Jefferies Financial Group Inc., 5.50%, 10/18/23 (Call 01/18/23)	$	1,698	$	1,883,693
Jefferies Group LLC, 5.13%, 01/20/23(a)		1,807		1,977,689
Western Union Co. (The), 4.25%, 06/09/23 (Call 05/09/23)		438		473,596
				51,832,857
Electric — 4.4%
Alabama Power Co., Series 13-A, 3.55%, 12/01/23(a)		870		953,450
Baltimore Gas & Electric Co., 3.35%, 07/01/23 (Call 04/01/23)		1,184		1,270,231
Berkshire Hathaway Energy Co.
2.80%, 01/15/23 (Call 12/15/22)		1,029		1,088,435
3.75%, 11/15/23 (Call 08/15/23)		1,492		1,634,963
Black Hills Corp., 4.25%, 11/30/23 (Call 08/30/23)(a)		759		830,293
Connecticut Light & Power Co. (The), 2.50%, 01/15/23 (Call 10/15/22)		1,166		1,219,601
Consumers Energy Co., 3.38%, 08/15/23 (Call 05/15/23)(a)		456		493,474
Delmarva Power & Light Co., 3.50%, 11/15/23 (Call 08/15/23)(a)		1,517		1,654,516
DTE Energy Co.
Series D, 3.70%, 08/01/23 (Call 07/01/23)		1,663		1,800,314
Series F, 3.85%, 12/01/23 (Call 09/01/23)		1,179		1,285,735
Duke Energy Carolinas LLC
2.50%, 03/15/23 (Call 01/15/23)		1,055		1,107,328
3.05%, 03/15/23 (Call 02/15/23)		1,145		1,220,696
Duke Energy Corp., 3.95%, 10/15/23 (Call 07/15/23)		1,931		2,115,719
Duke Energy Ohio Inc., 3.80%, 09/01/23 (Call 06/01/23)(a)		1,010		1,102,102
Duke Energy Progress LLC, 3.38%, 09/01/23 (Call 08/01/23)		370		401,284
Edison International, 2.95%, 03/15/23 (Call 01/15/23)		1,654		1,700,957
Entergy Louisiana LLC, 4.05%, 09/01/23 (Call 06/01/23)		985		1,080,407
Evergy Metro Inc., 3.15%, 03/15/23 (Call 12/15/22)		424		449,809
Eversource Energy
2.80%, 05/01/23 (Call 02/01/23)		1,603		1,685,378
Series N, 3.80%, 12/01/23 (Call 11/01/23)		1,080		1,187,222
FirstEnergy Corp., Series B, 4.25%, 03/15/23 (Call 12/15/22)(a)		2,522		2,674,329
Florida Power & Light Co., 2.75%, 06/01/23 (Call 12/01/22)		1,177		1,244,195
Georgia Power Co., Series A, 2.10%, 07/30/23		1,035		1,081,503
National Rural Utilities Cooperative Finance Corp.
2.70%, 02/15/23 (Call 12/15/22)(a)		1,241		1,307,257
3.40%, 11/15/23 (Call 08/15/23)(a)		471		511,497
NextEra Energy Capital Holdings Inc., 2.80%, 01/15/23 (Call 12/15/22)		995		1,047,586
Northern States Power Co./MN, 2.60%, 05/15/23 (Call 11/15/22)(a)		839		881,906
Pacific Gas and Electric Co.
3.85%, 11/15/23 (Call 08/15/23)		800		848,352
4.25%, 08/01/23 (Call 07/01/23)		100		107,159
PacifiCorp, 2.95%, 06/01/23 (Call 03/01/23)		290		308,882
PPL Capital Funding Inc., 3.40%, 06/01/23 (Call 03/01/23)		1,193		1,272,012
PSEG Power LLC, 3.85%, 06/01/23 (Call 05/01/23)		2,015		2,183,837
Public Service Co. of New Hampshire, 3.50%, 11/01/23 (Call 08/01/23)(a)		416		452,400
Public Service Electric & Gas Co.
2.38%, 05/15/23 (Call 02/15/23)		907		950,763
3.25%, 09/01/23 (Call 08/01/23)(a)		375		405,394
San Diego Gas & Electric Co., Series NNN, 3.60%, 09/01/23 (Call 06/01/23)		565		612,132

3

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

Security	Par (000)		Value
Electric (continued)
Sempra Energy
2.90%, 02/01/23 (Call 01/01/23)	$	1,524	$	1,609,893
4.05%, 12/01/23 (Call 09/01/23)		1,065		1,171,287
Southern California Edison Co.
Series C, 3.50%, 10/01/23 (Call 07/01/23)(a)		1,105		1,189,002
Series D, 3.40%, 06/01/23 (Call 05/01/23)		855		913,037
Southern Co. (The), 2.95%, 07/01/23 (Call 05/01/23)		4,681		4,977,354
Virginia Electric & Power Co., Series C, 2.75%, 03/15/23 (Call 12/15/22)		1,693		1,779,631
				51,811,322
Electrical Components & Equipment — 0.1%
Emerson Electric Co., 2.63%, 02/15/23 (Call 11/15/22)		793		832,618
Electronics — 0.7%
Agilent Technologies Inc., 3.88%, 07/15/23 (Call 04/15/23)		1,647		1,788,379
Arrow Electronics Inc., 4.50%, 03/01/23 (Call 12/01/22)		675		720,731
Flex Ltd., 5.00%, 02/15/23		1,415		1,548,053
Honeywell International Inc., 3.35%, 12/01/23		115		125,770
Roper Technologies Inc., 3.65%, 09/15/23 (Call 08/15/23)(a).		2,616		2,859,497
Trimble Inc., 4.15%, 06/15/23 (Call 05/15/23)		1,126		1,210,900
				8,253,330
Environmental Control — 0.3%
Republic Services Inc., 4.75%, 05/15/23 (Call 02/15/23)(a)		1,727		1,915,243
Waste Management Inc., 2.40%, 05/15/23 (Call 03/15/23)		1,982		2,067,821
				3,983,064
Food — 1.4%
Campbell Soup Co., 3.65%, 03/15/23 (Call 02/15/23)(a)		2,022		2,164,369
Conagra Brands Inc., 3.20%, 01/25/23 (Call 10/25/22)		2,422		2,569,718
General Mills Inc., 3.70%, 10/17/23 (Call 09/17/23)		2,148		2,356,420
Hershey Co. (The), 3.38%, 05/15/23 (Call 04/15/23)		1,678		1,812,559
Kellogg Co., 2.65%, 12/01/23		1,727		1,834,091
Kroger Co. (The), 3.85%, 08/01/23 (Call 05/01/23)		1,849		2,013,598
Mondelez International Inc.
2.13%, 04/13/23 (Call 03/13/23)		500		520,905
3.63%, 05/07/23 (Call 04/07/23)		1,956		2,117,096
Tyson Foods Inc., 3.90%, 09/28/23 (Call 08/28/23)		1,339		1,468,763
				16,857,519
Gas — 0.4%
CenterPoint Energy Resources Corp., 3.55%, 04/01/23 (Call 03/01/23)(a)		815		873,696
Dominion Energy Gas Holdings LLC, 3.55%, 11/01/23 (Call 08/01/23)		670		727,017
National Fuel Gas Co., 3.75%, 03/01/23 (Call 12/01/22)		990		1,018,789
NiSource Inc., 3.65%, 06/15/23 (Call 05/15/23)		884		954,207
Southern Co. Gas Capital Corp., 2.45%, 10/01/23 (Call 08/01/23)		808		849,855
				4,423,564
Health Care – Products — 0.8%
Abbott Laboratories, 3.40%, 11/30/23 (Call 09/30/23)		2,953		3,226,507
Covidien International Finance SA, 2.95%, 06/15/23 (Call 03/15/23)(a)		506		538,667
Medtronic Inc., 2.75%, 04/01/23 (Call 01/01/23)		970		1,025,436
Thermo Fisher Scientific Inc., 3.00%, 04/15/23 (Call 02/15/23)		3,351		3,560,538
Zimmer Biomet Holdings Inc., 3.70%, 03/19/23 (Call 02/19/23)		754		809,562
				9,160,710
Health Care – Services — 1.5%
Aetna Inc., 2.80%, 06/15/23 (Call 04/15/23)(a)		3,756		3,974,637

Security	Par (000)		Value
Health Care – Services (continued)
Anthem Inc., 3.30%, 01/15/23	$	2,739	$	2,920,733
HCA Inc., 4.75%, 05/01/23		3,109		3,401,588
Laboratory Corp. of America Holdings, 4.00%, 11/01/23 (Call 08/01/23)		412		451,704
SSM Health Care Corp., Series 2018, 3.69%, 06/01/23 (Call 03/01/23)		846		914,145
UnitedHealth Group Inc.
2.75%, 02/15/23 (Call 11/15/22)		1,030		1,085,785
2.88%, 03/15/23		2,480		2,635,223
3.50%, 06/15/23		1,762		1,912,034
				17,295,849
Holding Companies – Diversified — 0.2%
Ares Capital Corp., 3.50%, 02/10/23 (Call 01/10/23)		2,176		2,206,573
Prospect Capital Corp., 5.88%, 03/15/23		310		321,578
				2,528,151
Home Builders — 0.1%
DR Horton Inc.
4.75%, 02/15/23 (Call 11/15/22)(a)		866		938,320
5.75%, 08/15/23 (Call 05/15/23)		713		805,041
				1,743,361
Household Products & Wares — 0.0%
Kimberly-Clark Corp., 2.40%, 06/01/23(a)		490		515,867
Insurance — 2.1%
Aflac Inc., 3.63%, 06/15/23		1,712		1,871,610
Allstate Corp. (The), 3.15%, 06/15/23(a)		1,527		1,642,762
Aon PLC, 4.00%, 11/27/23 (Call 08/27/23)		1,188		1,304,614
Aspen Insurance Holdings Ltd., 4.65%, 11/15/23(a)		936		1,002,316
Assurant Inc.
4.00%, 03/15/23		946		1,006,799
4.20%, 09/27/23 (Call 08/27/23)		418		447,298
Berkshire Hathaway Inc.
2.75%, 03/15/23 (Call 01/15/23)		5,096		5,399,161
3.00%, 02/11/23		1,534		1,639,202
Chubb INA Holdings Inc., 2.70%, 03/13/23		215		227,279
Equitable Holdings Inc., 3.90%, 04/20/23 (Call 03/20/23)(a)		1,986		2,138,306
Lincoln National Corp., 4.00%, 09/01/23		1,130		1,237,248
Loews Corp., 2.63%, 05/15/23 (Call 02/15/23)		1,821		1,923,340
Marsh & McLennan Companies Inc., 3.30%, 03/14/23 (Call 01/14/23)		1,185		1,260,449
MetLife Inc., Series D, 4.37%, 09/15/23(a)		2,611		2,924,163
Principal Financial Group Inc., 3.13%, 05/15/23(a)		230		244,860
Reinsurance Group of America Inc., 4.70%, 09/15/23(a)		110		122,008
				24,391,415
Internet — 1.2%
Alibaba Group Holding Ltd., 2.80%, 06/06/23 (Call 05/06/23)		1,889		1,990,911
Amazon.com Inc.
0.40%, 06/03/23		95		95,356
2.40%, 02/22/23 (Call 01/22/23)		3,690		3,882,397
Baidu Inc., 3.88%, 09/29/23 (Call 08/29/23)(a)		2,326		2,502,915
Booking Holdings Inc., 2.75%, 03/15/23 (Call 02/15/23)		1,426		1,504,302
eBay Inc., 2.75%, 01/30/23 (Call 12/30/22)		2,547		2,681,711
Expedia Group Inc., 3.60%, 12/15/23 (Call 11/15/23)(b)		1,000		1,011,250
				13,668,842
Iron & Steel — 0.3%
Nucor Corp., 4.00%, 08/01/23 (Call 05/01/23)		1,603		1,746,564

4

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

Security	Par (000)		Value
Iron & Steel (continued)
Reliance Steel & Aluminum Co., 4.50%, 04/15/23 (Call 01/15/23)	$	1,279	$	1,378,161
				3,124,725
Lodging — 0.5%
Hyatt Hotels Corp., 3.38%, 07/15/23 (Call 04/15/23)		1,088		1,095,159
Marriott International Inc./MD, Series Z, 4.15%, 12/01/23 (Call 11/01/23)		905		945,227
Sands China Ltd., 4.60%, 08/08/23 (Call 07/08/23)(a)		3,920		4,138,932
				6,179,318
Machinery — 1.6%
ABB Finance USA Inc., 3.38%, 04/03/23 (Call 03/03/23)		951		1,019,158
Caterpillar Financial Services Corp.
2.63%, 03/01/23		1,015		1,074,083
3.45%, 05/15/23(a)		1,750		1,897,893
3.65%, 12/07/23		1,495		1,649,194
3.75%, 11/24/23		957		1,058,978
CNH Industrial Capital LLC, 1.95%, 07/02/23		332		334,889
CNH Industrial NV, 4.50%, 08/15/23		1,684		1,822,829
Crane Co., 4.45%, 12/15/23 (Call 09/15/23)		300		321,219
Flowserve Corp., 4.00%, 11/15/23 (Call 08/15/23)(a)		345		359,773
John Deere Capital Corp.
1.20%, 04/06/23		232		237,424
2.70%, 01/06/23(a)		556		587,019
2.80%, 01/27/23(a)		1,555		1,647,149
2.80%, 03/06/23		3,361		3,570,928
3.45%, 06/07/23(a)		918		995,232
3.65%, 10/12/23		2,370		2,609,109
Nvent Finance Sarl, 3.95%, 04/15/23 (Call 03/15/23)		158		163,083
				19,347,960
Manufacturing — 0.8%
3M Co.
1.75%, 02/14/23 (Call 01/14/23)		1,592		1,648,612
2.25%, 03/15/23 (Call 02/15/23)(a)		1,933		2,027,369
General Electric Co., 3.10%, 01/09/23		3,894		4,104,003
Trane Technologies Global Holding Co. Ltd., 4.25%, 06/15/23(a)		1,973		2,177,541
				9,957,525
Media — 1.3%
Comcast Corp.
2.75%, 03/01/23 (Call 02/01/23)		2,973		3,150,458
2.85%, 01/15/23		2,249		2,386,391
Discovery Communications LLC, 2.95%, 03/20/23 (Call 02/20/23)		1,495		1,574,967
NBCUniversal Media LLC, 2.88%, 01/15/23		2,810		2,982,984
Thomson Reuters Corp., 4.30%, 11/23/23 (Call 08/23/23)		1,819		1,998,281
Time Warner Entertainment Co. LP, 8.38%, 03/15/23		2,496		2,960,930
				15,054,011
Metal Fabricate & Hardware — 0.3%
Precision Castparts Corp., 2.50%, 01/15/23 (Call 10/15/22)		2,942		3,078,921
Mining — 0.2%
BHP Billiton Finance USA Ltd., 3.85%, 09/30/23		1,230		1,357,256
Newmont Corp., 3.70%, 03/15/23 (Call 12/15/22)		544		576,602
				1,933,858
Oil & Gas — 4.7%
BP Capital Markets America Inc.
2.75%, 05/10/23(a)		3,686		3,909,925
2.94%, 04/06/23		405		429,818
3.22%, 11/28/23 (Call 09/28/23)		2,494		2,690,477

Security	Par (000)		Value
Oil & Gas (continued)
BP Capital Markets PLC
2.75%, 05/10/23	$	458	$	485,004
3.99%, 09/26/23		2,364		2,607,114
Canadian Natural Resources Ltd., 2.95%, 01/15/23 (Call 12/15/22)		3,049		3,170,289
Chevron Corp.
1.14%, 05/11/23		190		194,121
2.57%, 05/16/23 (Call 03/16/23)		3,742		3,957,165
3.19%, 06/24/23 (Call 03/24/23)		4,217		4,531,841
EOG Resources Inc., 2.63%, 03/15/23 (Call 12/15/22)		3,662		3,849,751
Exxon Mobil Corp.
1.57%, 04/15/23		3,411		3,516,127
2.73%, 03/01/23 (Call 01/01/23)		3,391		3,584,965
Marathon Petroleum Corp.
4.50%, 05/01/23 (Call 04/01/23)		2,770		3,002,929
4.75%, 12/15/23 (Call 10/15/23)		1,890		2,086,277
Phillips 66, 3.70%, 04/06/23		1,241		1,332,747
Shell International Finance BV
2.25%, 01/06/23		2,668		2,783,098
3.40%, 08/12/23		3,463		3,762,619
3.50%, 11/13/23 (Call 10/13/23)		1,962		2,146,389
Suncor Energy Inc., 2.80%, 05/15/23		85		89,452
Total Capital Canada Ltd., 2.75%, 07/15/23		3,072		3,279,882
Total Capital International SA, 2.70%, 01/25/23		2,696		2,844,010
Valero Energy Corp., 2.70%, 04/15/23		1,531		1,596,022
				55,850,022
Oil & Gas Services — 0.5%
Halliburton Co., 3.50%, 08/01/23 (Call 05/01/23)		1,855		1,973,553
Schlumberger Investment SA, 3.65%, 12/01/23 (Call 09/01/23)		3,795		4,114,805
				6,088,358
Packaging & Containers — 0.2%
Packaging Corp. of America, 4.50%, 11/01/23 (Call 08/01/23)		1,642		1,819,385
WestRock RKT LLC, 4.00%, 03/01/23 (Call 12/01/22)		1,050		1,122,125
				2,941,510
Pharmaceuticals — 7.7%
AbbVie Inc.
2.85%, 05/14/23 (Call 03/14/23)		2,876		3,040,565
3.75%, 11/14/23 (Call 10/14/23)(a)		3,570		3,917,290
AstraZeneca PLC, 3.50%, 08/17/23 (Call 07/17/23)(a)		2,697		2,933,797
Bristol-Myers Squibb Co.
2.75%, 02/15/23 (Call 01/15/23)		2,497		2,640,153
3.25%, 02/20/23 (Call 01/20/23)		2,457		2,628,548
3.25%, 11/01/23(a)		1,255		1,369,920
4.00%, 08/15/23(a)		2,097		2,319,974
Cardinal Health Inc., 3.20%, 03/15/23		1,541		1,638,083
Cigna Corp.
3.00%, 07/15/23 (Call 05/16/23)		3,099		3,309,174
3.75%, 07/15/23 (Call 06/15/23)		4,110		4,475,790
CVS Health Corp.
3.70%, 03/09/23 (Call 02/09/23)		13,117		14,112,974
4.00%, 12/05/23 (Call 09/05/23)		4,412		4,862,024
GlaxoSmithKline Capital Inc.
2.80%, 03/18/23		3,462		3,681,906
3.38%, 05/15/23(a)		3,445		3,727,628
Johnson & Johnson
2.05%, 03/01/23 (Call 01/01/23)(a)		2,117		2,209,746
3.38%, 12/05/23		1,537		1,692,806

5

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

Security	Par (000)		Value
Pharmaceuticals (continued)
McKesson Corp., 2.85%, 03/15/23 (Call 12/15/22)(a)	$	1,168	$	1,225,314
Merck & Co. Inc., 2.80%, 05/18/23(a)		5,011		5,349,242
Mylan Inc., 4.20%, 11/29/23 (Call 08/29/23)		1,066		1,171,832
Pfizer Inc.
3.00%, 06/15/23		3,066		3,291,688
3.20%, 09/15/23 (Call 08/15/23)		3,085		3,346,824
5.80%, 08/12/23		531		614,298
Sanofi, 3.38%, 06/19/23 (Call 05/19/23)		2,802		3,040,870
Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/23 (Call 07/23/23)		6,526		6,949,211
Takeda Pharmaceutical Co. Ltd., 4.40%, 11/26/23 (Call 10/26/23)		3,074		3,437,593
Zoetis Inc., 3.25%, 02/01/23 (Call 11/01/22)		3,768		3,993,025
				90,980,275
Pipelines — 3.4%
Boardwalk Pipelines LP, 3.38%, 02/01/23 (Call 11/01/22)		463		470,681
Enbridge Inc., 4.00%, 10/01/23 (Call 07/01/23)		2,330		2,538,885
Energy Transfer Operating LP
3.60%, 02/01/23 (Call 11/01/22)		2,137		2,199,806
4.25%, 03/15/23 (Call 12/15/22)(a)		1,697		1,773,653
Series 5Y, 4.20%, 09/15/23 (Call 08/15/23)		1,581		1,668,540
Energy Transfer Partners LP/Regency Energy Finance Corp., 4.50%, 11/01/23 (Call 08/01/23)		1,989		2,115,978
Enterprise Products Operating LLC, 3.35%, 03/15/23 (Call 12/15/22)		3,811		4,052,084
Kinder Morgan Energy Partners LP
3.45%, 02/15/23 (Call 11/15/22)		1,537		1,620,951
3.50%, 09/01/23 (Call 06/01/23)		2,277		2,430,515
Kinder Morgan Inc., 3.15%, 01/15/23 (Call 12/15/22)		2,594		2,727,850
MPLX LP
3.38%, 03/15/23 (Call 02/15/23)		960		1,007,914
4.50%, 07/15/23 (Call 04/15/23)		3,027		3,270,704
ONEOK Inc., 7.50%, 09/01/23 (Call 06/01/23)		905		1,036,198
ONEOK Partners LP, 5.00%, 09/15/23 (Call 06/15/23)		950		1,025,601
Plains All American Pipeline LP/PAA Finance Corp.
2.85%, 01/31/23 (Call 10/31/22)		1,086		1,103,441
3.85%, 10/15/23 (Call 07/15/23)		1,884		1,981,271
Sabine Pass Liquefaction LLC, 5.63%, 04/15/23 (Call 01/15/23)		2,892		3,188,430
Sunoco Logistics Partners Operations LP, 3.45%, 01/15/23 (Call 10/15/22)		834		857,627
TransCanada PipeLines Ltd., 3.75%, 10/16/23 (Call 07/16/23)		1,231		1,342,479
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)		1,410		1,490,173
4.50%, 11/15/23 (Call 08/15/23)		1,603		1,756,183
				39,658,964
Real Estate Investment Trusts — 4.5%
Alexandria Real Estate Equities Inc., 3.90%, 06/15/23 (Call 03/15/23)		1,548		1,689,425
American Campus Communities Operating Partnership LP, 3.75%, 04/15/23 (Call 01/15/23)		1,079		1,135,777
American Tower Corp.
3.00%, 06/15/23		1,753		1,871,065
3.50%, 01/31/23(a)		3,073		3,295,915
AvalonBay Communities Inc., 4.20%, 12/15/23 (Call 09/16/23)(a)		656		727,629
Boston Properties LP
3.13%, 09/01/23 (Call 06/01/23)		1,432		1,523,448

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
3.85%, 02/01/23 (Call 11/01/22)(a)	$	2,725	$	2,919,837
Brandywine Operating Partnership LP, 3.95%, 02/15/23 (Call 11/15/22)		730		754,857
Brixmor Operating Partnership LP, 3.25%, 09/15/23 (Call 07/15/23)(a)		955		984,271
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.85%, 04/15/23(a)		2,535		2,740,234
Corporate Office Properties LP, 3.60%, 05/15/23 (Call 02/15/23)(a)		1,101		1,132,136
Crown Castle International Corp.
3.15%, 07/15/23 (Call 06/15/23)		2,093		2,239,970
5.25%, 01/15/23		4,673		5,194,881
CubeSmart LP, 4.38%, 12/15/23 (Call 09/15/23)(a)		735		804,230
Digital Realty Trust LP, 2.75%, 02/01/23 (Call 01/01/23)(a)		1,332		1,396,935
ERP Operating LP, 3.00%, 04/15/23 (Call 01/15/23)		1,666		1,759,579
Essex Portfolio LP, 3.25%, 05/01/23 (Call 02/01/23)		770		812,358
GLP Capital LP/GLP Financing II Inc., 5.38%, 11/01/23 (Call 08/01/23)(a)		965		1,024,579
Healthpeak Properties Inc., 4.25%, 11/15/23 (Call 08/15/23)(a)		390		428,415
Host Hotels & Resorts LP
Series C, 4.75%, 03/01/23 (Call 12/01/22)		850		882,818
Series D, 3.75%, 10/15/23 (Call 07/15/23)		1,330		1,378,691
Kilroy Realty LP, 3.80%, 01/15/23 (Call 10/15/22)		435		452,230
Kimco Realty Corp., 3.13%, 06/01/23 (Call 03/01/23)		708		736,986
Mid-America Apartments LP, 4.30%, 10/15/23 (Call 07/15/23)		190		207,471
National Retail Properties Inc., 3.30%, 04/15/23 (Call 01/15/23)(a)		1,125		1,174,016
Omega Healthcare Investors Inc., 4.38%, 08/01/23 (Call 06/01/23)		1,902		2,032,762
Piedmont Operating Partnership LP, 3.40%, 06/01/23 (Call 03/01/23)		455		455,473
Prologis LP, 4.25%, 08/15/23 (Call 05/15/23)		2,830		3,134,848
Realty Income Corp., 4.65%, 08/01/23 (Call 05/01/23)		1,468		1,628,496
Simon Property Group LP
2.75%, 02/01/23 (Call 11/01/22)		1,397		1,454,598
2.75%, 06/01/23 (Call 03/01/23)(a)		1,753		1,833,603
Ventas Realty LP
3.10%, 01/15/23 (Call 12/15/22)		620		638,575
3.13%, 06/15/23 (Call 03/15/23)		1,040		1,076,421
Welltower Inc.
3.75%, 03/15/23 (Call 12/15/22)		1,742		1,842,148
3.95%, 09/01/23 (Call 08/01/23)		15		16,165
Weyerhaeuser Co.
3.25%, 03/15/23 (Call 12/15/22)(a)		307		322,500
4.63%, 09/15/23(a)		775		862,676
				52,566,018
Retail — 3.2%
Advance Auto Parts Inc., 4.50%, 12/01/23 (Call 09/01/23)		1,010		1,110,788
AutoZone Inc.
2.88%, 01/15/23 (Call 10/15/22)(a)		240		251,851
3.13%, 07/15/23 (Call 04/15/23)		1,543		1,648,078
Dollar General Corp., 3.25%, 04/15/23 (Call 01/15/23)		3,191		3,399,692
Dollar Tree Inc., 3.70%, 05/15/23 (Call 04/15/23)		2,687		2,891,427
Home Depot Inc. (The), 2.70%, 04/01/23 (Call 01/01/23)(a)		2,716		2,873,419
Kohl’s Corp., 3.25%, 02/01/23 (Call 11/01/22)		895		888,762
Lowe’s Companies Inc., 3.88%, 09/15/23 (Call 06/15/23)(a)		1,208		1,324,548
McDonald’s Corp., 3.35%, 04/01/23 (Call 03/01/23)		3,248		3,484,844
O’Reilly Automotive Inc., 3.85%, 06/15/23 (Call 03/15/23)		804		868,079

6

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

Security	Par (000)		Value
Retail (continued)
Starbucks Corp.
3.10%, 03/01/23 (Call 02/01/23)	$	3,609	$	3,839,182
3.85%, 10/01/23 (Call 07/01/23)		1,442		1,582,768
TJX Companies Inc. (The), 2.50%, 05/15/23 (Call 02/15/23)(a)		940		986,511
Walmart Inc.
2.55%, 04/11/23 (Call 01/11/23)(a)		6,263		6,598,321
3.40%, 06/26/23 (Call 05/26/23)		5,539		6,015,686
				37,763,956
Semiconductors — 1.9%
Altera Corp., 4.10%, 11/15/23		1,087		1,212,896
Analog Devices Inc.
2.88%, 06/01/23 (Call 03/01/23)		985		1,041,007
3.13%, 12/05/23 (Call 10/05/23)(a)		1,926		2,084,105
Broadcom Corp./Broadcom Cayman Finance Ltd., 2.65%, 01/15/23 (Call 12/15/22)		2,730		2,846,544
Broadcom Inc., 2.25%, 11/15/23(b)		2,885		3,001,843
Marvell Technology Group Ltd., 4.20%, 06/22/23 (Call 05/22/23)		1,173		1,269,737
Maxim Integrated Products Inc., 3.38%, 03/15/23 (Call 12/15/22)(a)		875		928,113
Microchip Technology Inc., 4.33%, 06/01/23 (Call 05/01/23)		2,897		3,123,459
Micron Technology Inc., 2.50%, 04/24/23		1,974		2,060,323
QUALCOMM Inc., 2.60%, 01/30/23 (Call 12/30/22)		4,322		4,549,726
Texas Instruments Inc., 2.25%, 05/01/23 (Call 02/01/23)		752		789,028
				22,906,781
Software — 2.9%
Adobe Inc., 1.70%, 02/01/23		858		887,652
Fidelity National Information Services Inc., 3.50%, 04/15/23 (Call 01/15/23)		2,132		2,286,741
Fiserv Inc., 3.80%, 10/01/23 (Call 09/01/23)		2,603		2,857,990
Intuit Inc., 0.65%, 07/15/23		635		639,312
Microsoft Corp.
2.00%, 08/08/23 (Call 06/08/23)		3,007		3,152,238
2.38%, 05/01/23 (Call 02/01/23)(a)		2,993		3,154,802
3.63%, 12/15/23 (Call 09/15/23)		4,210		4,643,798
Oracle Corp.
2.40%, 09/15/23 (Call 07/15/23)		6,937		7,331,299
2.63%, 02/15/23 (Call 01/15/23)		2,225		2,345,461
3.63%, 07/15/23(a)		2,883		3,150,398
salesforce.com Inc., 3.25%, 04/11/23 (Call 03/11/23)(a)		3,292		3,538,077
				33,987,768
Telecommunications — 2.6%
AT&T Inc.
3.60%, 02/17/23 (Call 12/17/22)		5,070		5,445,535
4.05%, 12/15/23		1,559		1,738,581
British Telecommunications PLC, 4.50%, 12/04/23 (Call 11/04/23)(a)		1,779		1,986,058
Cisco Systems Inc.
2.20%, 09/20/23 (Call 07/20/23)		2,455		2,592,603
2.60%, 02/28/23		1,117		1,181,819
Motorola Solutions Inc., 3.50%, 03/01/23		1,534		1,638,266
Rogers Communications Inc.
3.00%, 03/15/23 (Call 12/15/22)(a)		1,352		1,436,676
4.10%, 10/01/23 (Call 07/01/23)(a)		2,219		2,454,547

Security	Par/ Shares (000)		Value
Telecommunications (continued)
Telefonica Emisiones SA, 4.57%, 04/27/23	$	1,707	$	1,878,127
Verizon Communications Inc., 5.15%, 09/15/23		8,495		9,710,210
Vodafone Group PLC, 2.95%, 02/19/23		901		952,933
				31,015,355
Textiles — 0.1%
Mohawk Industries Inc., 3.85%, 02/01/23 (Call 11/01/22)(a)		710		743,008
Transportation — 1.7%
Burlington Northern Santa Fe LLC
3.00%, 03/15/23 (Call 12/15/22)		2,321		2,461,305
3.85%, 09/01/23 (Call 06/01/23)		2,065		2,260,266
Canadian Pacific Railway Co., 4.45%, 03/15/23 (Call 12/15/22)		673		731,329
CSX Corp., 3.70%, 11/01/23 (Call 08/01/23)		1,225		1,345,001
Kansas City Southern, 3.00%, 05/15/23 (Call 02/15/23)		629		654,286
Norfolk Southern Corp., 2.90%, 02/15/23 (Call 11/15/22)(a)		2,078		2,193,308
Ryder System Inc.
3.40%, 03/01/23 (Call 02/01/23)		1,345		1,423,414
3.75%, 06/09/23 (Call 05/09/23)(a)		1,206		1,296,945
3.88%, 12/01/23 (Call 11/01/23)		938		1,019,071
Union Pacific Corp.
2.75%, 04/15/23 (Call 01/15/23)(a)		1,279		1,348,283
2.95%, 01/15/23 (Call 10/15/22)(a)		1,163		1,224,127
3.50%, 06/08/23 (Call 05/08/23)(a)		1,184		1,284,332
United Parcel Service Inc., 2.50%, 04/01/23 (Call 03/01/23)(a)		3,195		3,365,581
				20,607,248
Total Corporate Bonds & Notes — 99.1% (Cost: $1,115,081,761)				1,169,851,518
Short-Term Investments
Money Market Funds — 3.0%
BlackRock Cash Funds: Institutional, SL Agency Shares,
0.40%(c)(d)(e)		32,296		32,331,244
BlackRock Cash Funds: Treasury, SL Agency Shares,
0.12%(c)(d)		3,475		3,475,000
				35,806,244
Total Short-Term Investments — 3.0% (Cost: $35,760,009)				35,806,244
Total Investments in Securities — 102.1% (Cost: $1,150,841,770)				1,205,657,762
Other Assets, Less Liabilities — (2.1)%				(24,898,028	)
Net Assets — 100.0%			$	1,180,759,734

^(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)  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) July 31, 2020 iShares^® iBonds^® Dec 2023 Term Corporate ETF

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 10/31/19		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 07/31/20		Shares Held at 07/31/20 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	33,503,754	$	—		$	(1,202,930	)(a)	$	(6,507	)	$	36,927	$	32,331,244		32,296	$	167,082	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		2,846,000		629,000	(a)		—			—			—		3,475,000		3,475		23,430			—
									$	(6,507	)	$	36,927	$	35,806,244			$	190,512		$	—

^(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 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 July 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	$	—	$	1,169,851,518	$	—	$	1,169,851,518
Money Market Funds		35,806,244		—		—		35,806,244
	$	35,806,244	$	1,169,851,518	$	—	$	1,205,657,762

8